MIRA INFORM REPORT
|
Report No. : |
327252 |
|
Report Date : |
13.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
OVERSEAS INFRASTRUCTURE ALLIANCE (INDIA) PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SOUBHAGYA FINANCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
K.K. Square, 470, Cardinal Gracious Road, Andheri (East), Mumbai – 400
099, Maharashtra |
|
Tel. No.: |
91-22-66755000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.08.1989 |
|
|
|
|
Com. Reg. No.: |
11-052900 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65920MH1989PTC052900 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Projects Development and Management Activities. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Rating takes into consideration healthy operational risk profile
marked by sound financial base along with fair profitability margins and low
gearing as well as comfortable debt protection metrics of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
October 31, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
October 31, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED BY
Management non co-operative (Tel. No.: 91-22-66755000)
LOCATIONS
|
Registered Office : |
K.K. Square, 470, Cardinal Gracious Road, Andheri (East), Mumbai – 400
099, Maharashtra, India |
|
Tel. No.: |
91-22-66755000 |
|
Fax No.: |
91-22-28252981 |
|
E-Mail : |
DIRECTORS
AS ON 19.09.2014
|
Name : |
Vidya Bhuhan Soni |
|
Designation : |
Whole Time Director |
|
Address : |
B-20, Pamposh Enclave, Greater Kailash Part-1, New Delhi – 110 048,
India |
|
Date of Birth/Age : |
13.05.1942 |
|
Qualification : |
16.08.2005 |
|
PAN No.: |
AHRPS4186P |
|
DIN No.: |
00492317 |
|
|
|
|
Name : |
Mr. Purushottam Ratanlal Maheshwari |
|
Designation : |
Whole-time Director |
|
Address : |
18/605, Indra Darshan, Lohkandwala, Andheri (West), Mumbai – 400 053,
Maharashtra, India |
|
Date of Birth/Age : |
11.06.1957 |
|
Date of Appointment : |
01.04.2004 |
|
PAN No.: |
AAMPM0102D |
|
DIN No.: |
00577596 |
|
|
|
|
Name : |
Mr. Rinzing Wangdi |
|
Designation : |
Director |
|
Address : |
A1-1101, 2nd Floor, Amparali Road, Vaibhav Khand,
Indirapuram, Ghaziabad – 201 010, Uttar Pradesh, India |
|
Date of Birth/Age : |
17.12.1947 |
|
Date of Appointment : |
27.02.2012 |
|
DIN No.: |
05222275 |
|
|
|
|
Name : |
Mr. Ajai Vikram Onkar Singh |
|
Designation : |
Director |
|
Address : |
Baghsuri House, Jaipur Road, Ajmer, Jaipur – 305 001, Rajasthan, India
|
|
Date of Birth/Age : |
04.07.1945 |
|
Date of Appointment : |
22.06.2012 |
|
DIN No.: |
02184840 |
|
|
|
|
Name : |
Mr. Amalendu Hrishikesh Ghosh |
|
Designation : |
Director |
|
Address : |
Flat No.301, Grace Classic, Ahimsa Marg, Khar (West), Mumbai – 400
052, Maharashtra, India |
|
Date of Birth/Age : |
07.01.1941 |
|
Date of Appointment : |
22.06.2012 |
|
DIN No.: |
06595208 |
|
|
|
|
Name : |
Vinay Rameshchand Kumar |
|
Designation : |
Director |
|
Address : |
353, Sector A, Pocket – C, Vasantkunj, New Delhi – 110070, India |
|
Date of Birth/Age : |
01.05.1945 |
|
Date of Appointment : |
12.03.2014 |
|
DIN No.: |
00057470 |
KEY EXECUTIVES
|
Name : |
Hardik Babubhai Limachiya |
|
Designation : |
Secretary |
|
Address : |
C-601, Indrayani Chs Limited, Narmada Nagar, Chincholi Bunder Cross
Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
13.09.1982 |
|
Date of Appointment : |
09.02.2012 |
|
PAN No.: |
ADHPL4224F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Yamuna Estates Private Limited, India |
|
956550 |
|
Akash Organics Private Limited, India |
|
1233150 |
|
All In One Finance and Investments Private Limited, India |
|
270100 |
|
Vidya Bhushan Soni |
|
100 |
|
Purushottam Ratanlal Maheshwari |
|
100 |
|
Advait Suresh Chaturvedi |
|
25000 |
|
Ambuj Suresh Chaturvedi |
|
25000 |
|
|
|
|
|
Total |
|
2510000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 19.09.2014
|
Category |
Percentage |
|
Bodies corporate |
98.00 |
|
Directors or relatives of Directors |
2.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20327252_MIRA%2013-Jun-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Projects Development and Management Activities. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
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Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
|
||||||||||||||||||
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|
||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Mehra and Sharma Associates Chartered Accountants |
|
Address : |
503, Om Niketan,
Vithalbhai Patel Road, Andheri (West), Mumbai – 400 058, Maharashtra, India |
|
PAN No.: |
AABFM0095Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 19.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3350000 |
Equity Shares |
Rs.10/- each |
Rs. 33.500 Million |
|
700000 |
Preference Shares |
Rs. 10/- each |
Rs. 7.000 Million |
|
|
Total |
|
Rs. 40.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2510000 |
Equity Shares |
Rs.10/- each |
Rs. 25.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
25.100 |
25.100 |
25.100 |
|
(b) Reserves & Surplus |
1247.350 |
1000.700 |
760.680 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1272.450 |
1025.800 |
785.780 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
128.100 |
63.040 |
162.040 |
|
(b) Deferred tax liabilities (Net) |
63.830 |
44.470 |
33.030 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
804.420 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
191.930 |
107.510 |
999.490 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
4296.750 |
2630.100 |
1851.690 |
|
(c) Other
current liabilities |
3490.320 |
4177.600 |
3565.710 |
|
(d) Short-term
provisions |
351.600 |
442.510 |
314.720 |
|
Total Current
Liabilities (4) |
8138.670 |
7250.210 |
5732.120 |
|
|
|
|
|
|
TOTAL |
9603.050 |
8383.520 |
7517.390 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
801.140 |
592.460 |
606.480 |
|
(ii)
Intangible Assets |
7.930 |
12.820 |
8.120 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
354.270 |
525.530 |
539.110 |
|
Total Non-Current
Assets |
1163.340 |
1130.810 |
1153.710 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
19.860 |
13.320 |
7.200 |
|
(c) Trade
receivables |
3359.970 |
2001.240 |
1727.990 |
|
(d) Cash
and cash equivalents |
1035.790 |
1221.340 |
888.340 |
|
(e)
Short-term loans and advances |
3775.880 |
3740.840 |
3526.330 |
|
(f) Other
current assets |
248.210 |
275.970 |
213.820 |
|
Total
Current Assets |
8439.710 |
7252.710 |
6363.680 |
|
|
|
|
|
|
TOTAL |
9603.050 |
8383.520 |
7517.390 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7021.580 |
6952.730 |
6009.400 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
531.650 |
524.340 |
425.730 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
380.040 |
376.520 |
309.850 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
148.900 |
136.500 |
103.650 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
231.140 |
240.020 |
206.200 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
92.09 |
95.63 |
82.15 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.29 |
3.45 |
3.43 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.57 |
7.54 |
7.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.96 |
4.49 |
4.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.37 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.10 |
0.06 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
1.00 |
1.11 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
25.100 |
25.100 |
25.100 |
|
Reserves & Surplus |
760.680 |
1000.700 |
1247.350 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
785.780 |
1025.800 |
1272.450 |
|
|
|
|
|
|
long-term borrowings |
162.040 |
63.040 |
128.100 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
162.040 |
63.040 |
128.100 |
|
Debt/Equity
ratio |
0.206 |
0.061 |
0.101 |
%20PRIVATE%20LIMITED%20-%20327252_MIRA%2013-Jun-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
6009.400 |
6952.730 |
7021.580 |
|
|
|
15.698 |
0.990 |
%20PRIVATE%20LIMITED%20-%20327252_MIRA%2013-Jun-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
6009.400 |
6952.730 |
7021.580 |
|
Profit |
206.200 |
240.020 |
231.140 |
|
|
3.43% |
3.45% |
3.29% |
%20PRIVATE%20LIMITED%20-%20327252_MIRA%2013-Jun-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
----- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
----- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
------ |
|
33 |
Market information |
------ |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10540710 |
09/12/2014 |
3,700,000.00 |
Daimler Financial Services India Private Limited |
Unit 202, 2nd Floor, Campus 3B,RMZ Millennia, Business Park, No.143, Dr. M.G.R.Road,Perungudi, Chennai, Tamil Nadu - 600096, INDIA |
C39275896 |
|
2 |
10519713 |
08/09/2014 |
350,000,000.00 |
Standard Chartered Bank |
SME Credit,
Crescenzo, 3A/F, Plot no. C-38 & 39, Maharashtra - 400051, INDIA |
C20427795 |
|
3 |
10477611 |
28/01/2014 |
7,812,500,000.00 |
Indian Overseas Bank |
14-15, Farm Bhawan, Nehru Place, New Delhi, Delhi - 110019, INDIA |
B96376447 |
|
4 |
10469484 |
21/11/2013 |
1,650,000.00 |
Indian Overseas Bank |
14-15, Farm Bhawan, Nehru Place, New Delhi, Delhi - 110019, INDIA |
B93250801 |
|
5 |
10402816 |
16/01/2013 |
1,076,000,000.00 |
INDIAN BANK |
NEW DELHI MAIN BRANCH, G-41, CONNAUGHT CIRCUS, NEW DELHI, Delhi - 110001, INDIA |
B68013796 |
|
6 |
10377104 |
28/07/2012 |
1,850,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, Gujarat - 380006, INDIA |
B58349085 |
|
7 |
10376582 |
27/07/2012 |
765,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, Gujarat - 380006, INDIA |
B58147265 |
|
8 |
10376584 |
27/07/2012 |
1,850,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR
OPP SAMARTHESHWAR TEMPLE, LAW G Gujarat - 380006, INDIA |
B58148826 |
|
9 |
10334655 |
12/12/2014 * |
1,197,300,000.00 |
UNION BANK OF INDIA |
OVERSEAS BRANCH, 26/28-D CONNAUGHT PLACE, NEW DELHI, Delhi - 110001, INDIA |
C40385148 |
|
10 |
10325548 |
18/02/2013 * |
1,759,300,000.00 |
Indian Overseas Bank |
14-15, Farm Bhawan, Nehru Place, New Delhi, Delhi - 110019, INDIA |
B70078639 |
* Date of charge modification
FIXED ASSETS
- Buildings
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computer
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service, Interpol,
etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 64.03 |
|
UK Pound |
1 |
Rs. 99.27 |
|
Euro |
1 |
Rs. 71.90 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment record
(10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.