MIRA INFORM REPORT

 

 

Report No. :

327869

Report Date :

20.06.2015

 

IDENTIFICATION DETAILS

 

Name :

R-VISION PLASTIC INDUSTRIES PRIVATE LIMITED (w.e.f. 29.11.2007)

 

 

Formerly Known As :

CAMELOT INVESTMENTS COMPANY PRIVATE LIMITED

 

 

Registered Office :

Plot No.K-123, M.I.D.C., Waluj,, Aurangabad – 431 136, Maharashtra

Tel. No.:

91-240-2552922

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

25.08.1988

 

 

Com. Reg. No.:

11-048621

 

 

Capital Investment / Paid-up Capital :

Rs.17.850 million

 

 

CIN No.:

[Company Identification No.]

U65990MH1988PTC048621

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

NSKC01270D

 

 

PAN No.:

[Permanent Account No.]

AAACC2661E

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Plastic Components.

 

 

No. of Employees :

100 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (32)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 247600

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

Sales turnover of the company has declined which has resulted into dip in profit of the company during 2014.

 

Rating further constrained on accounts of company’s moderate financial risk profile marked by low profitability margins and leverage capital structure of the company.

 

However, trade relations are fair. Business is active. Payments are reported to be slow but correct.

 

The company can be considered for business dealing with some caution.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

EPF (Employee Provident Fund) DEFAULTERS’ 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 PARTED BY (PARTIAL DETAILS)

 

Name :

Mr. Amit

Designation :

Marketing Department

Contact No.:

91-9881749701

Date :

18.06.2015

 

 

LOCATIONS

 

Registered Office/ Corporate Office :

Plot No.K-123, M.I.D.C., Waluj,, Aurangabad – 431 136, Maharashtra, India

Tel. No.:

91-240-2552922/ 2557090

Mobile No.:

91-9881749701 (Mr. Amit)

Fax No.:

91-240-2564223/ 2551106

E-Mail :

devendraring@gmail.com

srv@vaidyagroup.com

amit@vaidyagroup.com

Website :

http://www.vaidyagroup.com

Location :

Owned

Locality :

Industrial

 

 

Factory :

Located at:

 

·         Maharashtra (Five Units)

·         Uttaranchal (One Unit)

 

 

DIRECTORS

 

AS ON 27.06.2014

 

Name :

Mrs. Smita Ramesh Vaidya

Designation :

Director

Address :

N-4, C-37, CIDCO, Aurangabad – 431 003, Maharashtra, India

Date of Birth/Age :

13.08.1958

Date of Appointment :

02.03.2003

DIN No.:

00090251

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U25209MH1991PTC064299

SMITSHILP PLASTIC INDUSTRIES PRIVATE LIMITED

Director

04/12/1991

04/12/1991

-

Active

NO

2

U25200MH1999PTC121608

PRECISION PLASTIC ENGINEERING PRIVATE LIMITED

Whole-time director

21/03/2014

06/09/1999

-

Active

NO

3

U25200MH2002PTC137777

VARSA PLASTIC INDUSTRIES PRIVATE LIMITED

Director

01/11/2002

01/11/2002

-

Active

NO

4

U65990MH1988PTC048621

R-VISION PLASTIC INDUSTRIES PRIVATE LIMITED

Director

02/03/2003

02/03/2003

-

Active

NO

5

U25200MH2003PTC143562

SHUBHRA PLASTICS PRIVATE LIMITED

Director

01/02/2004

01/02/2004

-

Active

NO

 

 

Name :

Mr. Ramesh Sakharam Vaidya

Designation :

Whole-time Director

Address :

N-4, C-37, CIDCO, Aurangabad – 431 003, Maharashtra, India

Date of Birth/Age :

22.11.1950

Date of Appointment :

21.03.2014

DIN No.:

01642624

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U65990MH1988PTC048621

R-VISION PLASTIC INDUSTRIES PRIVATE LIMITED

Whole-time director

21/03/2014

25/08/1988

-

Active

NO

2

U25209MH1991PTC064299

SMITSHILP PLASTIC INDUSTRIES PRIVATE LIMITED

Director

04/12/1991

04/12/1991

-

Active

NO

3

U25200MH1999PTC121608

PRECISION PLASTIC ENGINEERING PRIVATE LIMITED

Director

06/09/1999

06/09/1999

-

Active

NO

4

U25200MH2002PTC137777

VARSA PLASTIC INDUSTRIES PRIVATE LIMITED

Director

01/11/2002

01/11/2002

-

Active

NO

5

U25200MH2003PTC143562

SHUBHRA PLASTICS PRIVATE LIMITED

Director

16/12/2003

16/12/2003

-

Active

NO

6

U25203MH2007PTC167024

ROHAN PLASTICS ENGINEERING PRIVATE LIMITED

Director

15/01/2007

15/01/2007

-

Active

NO

7

U25206MH2004PTC144476

YASH PRECISION PLASTICS PRIVATE LIMITED

Director

11/02/2007

11/02/2007

-

Active

NO

 

 

Name :

Mr. Sachin Vaidya Ramesh

Designation :

Director

Address :

Smit Shilp, Sector-37, CIDCO, Aurangabad – 431 003, Maharashtra, India

Date of Birth/Age :

21.04.1979

Date of Appointment :

25.08.1988

DIN No.:

01746853

Other Directorship :

 

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U65990MH1988PTC048621

R-VISION PLASTIC INDUSTRIES PRIVATE LIMITED

Director

25/08/1988

25/08/1988

-

Active

NO

2

U25209MH1991PTC064299

SMITSHILP PLASTIC INDUSTRIES PRIVATE LIMITED

Director

04/12/1991

04/12/1991

-

Active

NO

3

U25200MH1999PTC121608

PRECISION PLASTIC ENGINEERING PRIVATE LIMITED

Director

06/09/1999

06/09/1999

-

Active

NO

4

U25200MH2002PTC137777

VARSA PLASTIC INDUSTRIES PRIVATE LIMITED

Managing director

21/03/2014

01/11/2002

-

Active

NO

5

U25203MH2007PTC167024

ROHAN PLASTICS ENGINEERING PRIVATE LIMITED

Director

15/01/2007

15/01/2007

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Amit

Designation :

Marketing Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.06.2014

 

Names of Shareholders

 

 

No. of Shares

Ramesh Sakharam Vaidya

 

5949994

Smita Ramesh Vaidya

 

1

Sachin Vaidya Ramesh

 

1

Amit A. Kulkarni

 

1

Shilpa A. Kulkarni

 

1

Rajendra S. Vaidya

 

1

Vijay S. Vaidya

 

1

Total

 

5950000

 

AS ON 27.06.2014

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Plastic Components.

 

 

Products :

Plastic and Polymers

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash, Advance Payment and Cheque

 

 

Purchasing :

Cash, Advance Payment and Cheque 

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Payment Behaviour

Market Goodwill

Overall

Not Divulged

Not Divulged

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers, Retailers and End Users

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Product Quality

Delivery Behaviour

Overall

Not Divulged

Not Divulged

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

Banker Name

Indian Overseas Bank

Branch Address

Aurangabad Branch, Opposite St. Francis School, Jalna Road, Aurangabad – 431 001, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

·         State Bank of Hyderabad, Aurangabad Branch, Town Centre, CIDCO, Aurangabad – 431 003, Maharashtra, India

·         HDFC Bank Limited

·         State Bank of India

·         The Saraswat Co-operative Bank Limited 

 

 

Facilities :

Secured Loans

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Term Loans

 

 

State Bank of Hyderabad

(Secured against mortgage of building located at K-123 and personal guarantee of directors.)

0.000

12.560

Indian Overseas Bank

(Secured against mortgage of building located at K-123 and personal guarantee of directors.)

1.131

0.000

SHORT TERM BORROWINGS

 

 

Cash Credit from Bank

 

 

State Bank of Hyderabad

(Secured against hypothecation of stock and receivables and personal guarantee of all directors of the company.)

0.000

11.853

Indian Overseas Bank

(Secured against hypothecation of stock and receivables and personal guarantee of all directors of the company.)

1.527

0.000

Total

2.658

24.413

 

Banking Relations :

--

 

 

Auditors :

 

Name :

V.D. Abhyankar and Associates

Chartered Accountants

Address :

Flat No.3, 1st Floor, Rukhmini Apartment, Chetan Nagar, Aurangabad – 431 005, Maharashtra, India

Income-tax PAN of auditor or auditor's firm

AABFV9246N

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/ Subsidiaries :

Not Divulged

 

 

CAPITAL STRUCTURE

 

AS ON 27.06.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

20000000

Equity Shares

Rs.3/- each

Rs.60.000 million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

5950000

Equity Shares

Rs.3/- each

Rs.17.850 million

 

 

 

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

5999000

Equity Shares

Rs.3/- each

Rs.17.997 million

100

Preference Shares

Rs.100/- each

Rs.0.010 million

 

Total

 

Rs.18.007 million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

5950000

Equity Shares

Rs.3/- each

Rs.17.850 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

17.850

17.850

17.850

(b) Reserves & Surplus

68.807

67.830

58.322

(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)

86.657

85.680

76.172

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

1.131

22.160

17.447

(b) Deferred tax liabilities (Net)

11.533

10.760

8.926

(c) Other long term liabilities

0.000

0.630

0.630

(d) Long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

12.664

33.550

27.003

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

1.527

11.853

9.728

(b) Trade payables

3.329

5.692

3.521

(c) Other current liabilities

9.858

12.310

13.165

(d) Short-term provisions

5.309

6.966

8.254

Total Current Liabilities (4)

20.023

36.821

34.668

 

 

 

 

TOTAL

119.344

156.051

137.843

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

87.572

94.650

101.663

(ii) Intangible Assets

0.000

0.000

0.000

(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

2.592

4.994

2.439

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

90.164

99.644

104.102

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

15.213

15.213

15.213

(b) Inventories

0.000

0.000

0.650

(c) Trade receivables

9.980

32.928

11.834

(d) Cash and cash equivalents

0.611

4.720

0.291

(e) Short-term loans and advances

3.175

3.405

5.669

(f) Other current assets

0.201

0.141

0.084

Total Current Assets

29.180

56.407

33.741

 

 

 

 

TOTAL

119.344

156.051

137.843

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Revenue from Operations

95.229

108.342

95.121

 

 

Other Income

3.422

2.205

1.792

 

 

TOTAL                                    

98.651

110.547

96.913

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

91.870

90.353

74.411

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

6.781

20.194

22.502

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

4.304

4.686

4.497

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

2.477

15.508

18.005

 

 

 

 

 

Less

TAX                                                                 

1.500

6.000

5.621

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

0.977

9.508

12.384

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

35.820

27.263

16.117

 

 

 

 

 

Less

APPROPRIATIONS

 

 

 

 

 

Transfer to General Reserve

0.098

0.951

1.238

 

BALANCE CARRIED TO THE B/S

36.699

35.820

27.263

 

 

 

 

 

 

CIF VALUE OF IMPORTS

NA

NA

1.017

 

 

 

 

 

 

Earnings/ (Loss) Per Share (Rs.)

0.16

1.60

NA

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

8.418

8.479

12.593

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

1.03

8.78

13.02

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.08

9.94

13.06

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.03

0.18

0.24

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.13

0.50

0.52

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.46

1.53

0.97

 

 

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

17.850

17.850

17.850

Reserves & Surplus

58.322

67.830

68.807

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

76.172

85.680

86.657

 

 

 

 

Long-term borrowings

17.447

22.160

1.131

Short term borrowings

9.728

11.853

1.527

Current maturities of long-term debts

12.593

8.479

8.418

Total borrowings

39.768

42.492

11.076

Debt/Equity ratio

0.522

0.496

0.128

 

 

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)

Revenue from Operations

95.121

108.342

95.229

 

 

13.899

(12.103)

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Revenue from Operations

95.121

108.342

95.229

Profit

12.384

9.508

0.977

 

13.02%

8.78%

1.03%

 

 

 

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

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

No

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

Yes

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

No

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

UNSECURED LOAN

 

Particulars

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Loans and Advances from Related Parties:

 

 

Loan from Mr. Ramesh Sakharam Vaidya

0.000

9.260

Loan from Mr. Sachin Vaidya Ramesh

0.000

0.340

Total

0.000

9.600

 

 

INDEX OF CHARGES

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10488634

16/01/2015 *

539,800,000.00

INDIAN OVERSEAS BANK

AURANGABAD BRANCH, OPPOSITE ST FRANCIS SCHOOL, JALNA ROAD, AURANGABAD, MAHARASHTRA - 431001, INDIA

C42909945

2

10480108

18/02/2014

18,440,000.00

INDIAN OVERSEAS BANK

AURANGABAD BRANCH, OPPOSITE ST FRANCIS SCHOOL, JALNA ROAD, AURANGABAD, MAHARASHTRA - 431001, INDIA

B97402713

 

* Date of charge modification

 

 

FIXED ASSETS:

 

·         Leasehold Land

·         Building

·         Plant and Machinery

·         Tools and Dies

·         Electrical Installations

·         Computer

·         Furniture and Fixture

·         Office Equipment

·         Vehicle

·         Air Conditioner

 

 

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.63.82

UK Pound

1

Rs.101.26

Euro

1

Rs.72.36   

 

 

INFORMATION DETAILS

 

Information Gathered by :

MNJ

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

SMN

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

4

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

4

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--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

 

32

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.