MIRA INFORM REPORT
|
Report No. : |
328277 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
DETECTION INSTRUMENTS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. EL/ 36, TTC Electronic
Zone, MIDC, Mahape Navi Mumbai – 400701, |
|
Tel. No.: |
91-22-41198000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.03.1988 |
|
|
|
|
Com. Reg. No.: |
11-046778 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 18.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29193MH1988PTC046778 |
|
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|
|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD09585C |
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|
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PAN No.: [Permanent Account No.] |
AAACD1659F |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture and Maintenance of Fire and Gas Detection
Systems and Portable Gas Detectors. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. For the financial year ended 2014, company has reported healthy topline
growth of 53.89% and maintained profitability margin at 2.38%. Rating takes into consideration company’s sound financial risk profile
supported by above average net worth base and favourable gap between trade
receivables to its payables. 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 conditions. |
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 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Ankith |
|
Designation : |
Engineer Sale |
|
Contact No.: |
91-22-41198000 |
|
Date : |
22.06.2015 |
LOCATIONS
|
Registered Office/
Factory/ Mumbai Office : |
Plot No. EL/ 36, TTC
Electronic Zone, MIDC Mahape, Post Box No. 9,
Navi Mumbai – 400701, Maharashtra, India. |
|
Tel. No.: |
91-22-41198000
to 50 / 7617663 to 66 |
|
Fax No.: |
91-22-27612106/ 27612103 |
|
E-Mail : |
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|
Website : |
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Location: |
Owned |
|
|
|
|
Branch Office: |
B/14, Nahar and Seth Industrial Estate, Pamalal Compound, LBS Marg,
Bhandup, Mumbai – 400078, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Kishore Madhukar Degwekar |
|
Designation : |
Managing director |
|
Address : |
1401, Solitaire CHS, Hira
Nandani Gardens, Powai, Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1957 |
|
Qualification : |
B.E., PGDM |
|
Experience : |
30 Years |
|
Date of Appointment : |
29.03.1988 |
|
Voter ID No. : |
MT 10053044076 |
|
DIN No. : |
00133922 |
|
|
|
|
Name : |
Mr. Pradeep Madhukar Degwekar |
|
Designation : |
Director |
|
Address : |
Flat No. 1202, Building No.35,
Seawood Estate, Nerul, Navi Mumabi – 400706, |
|
Date of Birth/Age : |
10.02.1950 |
|
Date of Appointment : |
29.03.1988 |
|
DIN No. : |
00133933 |
|
|
|
|
Name : |
Mr. Michael William Ophield |
|
Designation : |
Director |
|
Address : |
46, King Street, Somersham Hunt, Ingdon PE283EJ, United Kingdom |
|
Date of Birth/Age : |
29.12.1953 |
|
Date of Appointment : |
17.09.2011 |
|
DIN No. : |
03622450 |
|
|
|
|
Name : |
Mrs. Varsha Kishore Degwekar |
|
Designation : |
Director |
|
Address : |
1401, Solitaire CHS, Hira
Nandani Gardens, Powai, Mumbai – 400706, Maharashtra, India |
|
Date of Birth/Age : |
31.07.1961 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No. : |
02237393 |
KEY EXECUTIVES
|
Name : |
Mr. Ankith |
|
Designation : |
Engineer Sale |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rao N.S. |
|
5000 |
|
Deulgaonkar Usha |
|
1000 |
|
Gokhale R.M. |
|
7500 |
|
Crowcon Detection Instruments Limited, U.K. |
|
444000 |
|
Chotrani Malti |
|
20000 |
|
Godbole R.S. |
|
10000 |
|
Venkatraman R. |
|
10 |
|
Kishore Madhukar Degwekar |
|
490990 |
|
Varsha Kishore Degwekar |
|
190000 |
|
Pradeep Madhukar Degwekar |
|
681499 |
|
Pallavi Pramod Deshmukh |
|
1 |
|
|
|
|
|
Total |
|
1850000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
24.00 |
|
Directors or relatives of Directors |
73.65 |
|
Other top fifty shareholders |
2.35 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Maintenance of Fire and Gas Detection
Systems and Portable Gas Detectors. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished goods |
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Countries : |
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Imports : |
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Products : |
Raw materials |
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Countries : |
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Terms : |
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Selling : |
Cash , Cheque and Credit (60/90 Days) |
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Purchasing : |
Cash , Cheque and Credit (60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· A.B. Engineers · AKS Electricals · Anani Technologies · Chetan Enterprises · Infology System · Paras Enterprises · Tube Trading Company · Sudhir Switchgears Private Limited · RP Controls Private Limited · Trinity Interface Systems Private Limited · K.N. Financial Services |
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Customers : |
· ABB Limited · Bharat Heavy Electrical Limited · Hikal Limited · ONGC Limited · Engineers India Limited · Gujarat State Petronet Limited · John Energy Limited · Reliance Industries Limited · Yajna Fuel Services · Larsen and Toubro Limited ·
Welspun Projects Limited |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· IDBI Bank Limited, 5th Floor, Plot No. C-7, G Block,, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India · Allahabad Bank · Axis Bank Limited · Bank of Maharashtra · Citibank · HDFC Bank Limited · Standard Chartered Bank ·
State Bank of India |
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Facilities : |
(Rs.
In Million)
|
|
|
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Banking
Relations : |
-- |
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|
|
Financial Institutions: |
3I Infotech Trusteeship Services Limited, 6th
Floor, Ackruti Centre Point, MIDC Central Road, Next to Marol Telephone Exchange,
Andheri (East), Mumbai - 400093, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
S.D. Athale and Company Chartered Accountants |
|
Address : |
B-105, Atlantic Apartment, Swami Samarth Nagar, Lokhandwala, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No. : |
91-11-26316329 |
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Fax No. : |
91-11-26345112 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AADPA4855E |
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Memberships : |
-- |
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Collaborators : |
Crowcon Detection Instrument Limited, U.K. |
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Subsidiary Company
: |
Detection instruments (Export) India Private Limited CIN No.: U29193MH1994PTC076578 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,850,000 |
Equity Shares |
Rs.10/- each |
Rs. 18.500
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 |
18.500 |
18.500 |
18.500 |
|
(b) Reserves & Surplus |
56.967 |
50.247 |
49.281 |
|
(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) |
75.467 |
68.747 |
67.781 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
38.163 |
36.403 |
19.794 |
|
(b) Deferred tax liabilities
(Net) |
0.742 |
0.818 |
1.022 |
|
(c) Other long term
liabilities |
0.370 |
0.156 |
0.185 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
39.275 |
37.377 |
21.001 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
84.498 |
52.710 |
31.883 |
|
(b) Trade payables |
166.041 |
115.608 |
73.152 |
|
(c) Other current liabilities |
1.668 |
1.145 |
7.849 |
|
(d) Short-term provisions |
6.027 |
39.670 |
37.914 |
|
Total
Current Liabilities (4) |
258.234 |
209.133 |
150.798 |
|
|
|
|
|
|
TOTAL |
372.976 |
315.257 |
239.580 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
16.741 |
18.199 |
15.465 |
|
(ii) Intangible Assets |
0.000 |
0.394 |
0.612 |
|
(iii) Capital work-in-progress |
0.000 |
0.119 |
0.107 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.500 |
0.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.028 |
41.394 |
34.791 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
24.269 |
60.606 |
51.475 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
62.312 |
22.350 |
28.323 |
|
(c) Trade receivables |
257.567 |
216.049 |
145.560 |
|
(d) Cash and cash equivalents |
17.509 |
9.337 |
11.149 |
|
(e) Short-term loans and
advances |
11.319 |
6.915 |
3.073 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
348.707 |
254.651 |
188.105 |
|
|
|
|
|
|
TOTAL |
372.976 |
315.257 |
239.580 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales |
532.879 |
346.294 |
283.154 |
|
|
|
Other Income |
8.725 |
6.600 |
3.441 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
38.841 |
26.411 |
33.120 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
19.877 (Including
Depreciation and Financial Expenses) |
17.442 (Including
Depreciation and Financial Expenses) |
12.228 (Including
Depreciation and Financial Expenses) |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
18.964 |
8.969 |
20.892 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.217 |
2.641 |
6.812 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
12.747 |
6.328 |
14.080 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.247 |
0.280 |
0.150 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend and Dividend Tax |
6.027 |
5.361 |
6.450 |
|
|
|
Transfer to General Reserve |
6.000 |
1.000 |
7.500 |
|
|
BALANCE CARRIED
TO THE B/S |
0.967 |
0.247 |
0.280 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports and Services |
NA |
0.251 |
1.291 |
|
|
TOTAL EARNINGS |
NA |
0.251 |
1.542 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
6.89 |
3.00 |
8.00 |
|
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 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.09 |
2.85 |
8.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.13 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.63 |
1.30 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35 |
1.22 |
1.25 |
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 |
18.500 |
18.500 |
18.500 |
|
Reserves & Surplus |
49.281 |
50.247 |
56.967 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
67.781 |
68.747 |
75.467 |
|
|
|
|
|
|
long-term borrowings |
19.794 |
36.403 |
38.163 |
|
Short term borrowings |
31.883 |
52.710 |
84.498 |
|
Total
borrowings |
51.677 |
89.113 |
122.661 |
|
Debt/Equity
ratio |
0.762 |
1.296 |
1.625 |
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) |
|
Gross Sales |
283.154 |
346.294 |
532.879 |
|
|
|
22.299 |
53.881 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Gross Sales |
283.154 |
346.294 |
532.879 |
|
Profit |
14.080 |
6.328 |
12.747 |
|
|
4.97% |
1.83% |
2.39% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan from Directors and their relatives |
25.002 |
17.575 |
|
Inter Corporate Loans |
2.565 |
1.050 |
|
Loan from financial Institution |
10.219 |
17.131 |
|
|
|
|
|
Total |
37.786 |
35.756 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10474730 |
13/01/2014 |
100,000,000.00 |
IDBI BANK LIMITED |
5TH FLOOR, PLOT NO.
C-7, G BOLCK, BANDRA KURLA COMPLEX, BANDRA (EAST), MUMBAI - 400051,
MAHARASHTRA, |
B95138350 |
|
2 |
10214292 |
13/09/2010 * |
17,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
6TH FLOOR, ACKRUTI CENTRE POINT, MIDC CENTRAL ROAD, NEXT TO MAROL TELEPHONE EXCHANGE, ANDHERI (EAST), MUMBAI - 400093, MAHARASHTRA, INDIA |
A97040620 |
|
3 |
10137075 |
05/01/2009 |
3,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI - 400703, MAHARASHTRA, INDIA |
A54231956 |
|
4 |
10069826 |
04/10/2007 * |
11,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
3RD TO 6TH FLOOR, INTERNATIONAL INFOTECH PARK, TOWER NO.5, VASHI RAILWAY STATION COMPLEX, VASHI, NAVI MUMBAI - 400703, MAHARASHTRA, INDIA |
A35467976 |
|
5 |
10003033 |
22/03/2013 * |
79,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B71535397 |
*Date of charge modification
FIXED ASSETS
v
Tangible
Assets
· Land (Mahape)
· Factory Building
· Plant and Machinery
· Computers
· Office Equipment
· Furniture and Fixtures
· Motor Car
v
Intangible
Assets
· Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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.63.51 |
|
|
1 |
Rs.100.94 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
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 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
|
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.