MIRA INFORM REPORT
|
Report No. : |
328502 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MURLI KRISHNA PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
101, 1st Floor, Ganesh Bhuvan Cooperative Housing Society, Opposite
Pamekar Society, Mahatma Fule Marg, Mulund (East), Mumbai – 400081,
Maharashtra |
|
Tel. No.: |
91-22-25631595/ 25631594/ 25637534 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.04.2004 |
|
|
|
|
Com. Reg. No.: |
11-145510 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.148
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH2004PTC145510 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM21746E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM6672L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Omeprazole Pellets,
Lansoprazole Pellets, Pantoprazole Pellets, Esomeprazole Pellets, etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 275000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established private limited company incorporated in the
year 2004 having satisfactory track record. Subject is a drug delivery systems (DDS) company in India that provides
a range of effective solutions to optimize the delivery of pharmaceutical
product. Company has recorded unfavorable gap between trade payables and trade
receivables which may affect the liquidity position of the company. However, company has reported increase in its sales turnover and it
has earned profit in FY14 as compared to previous year loss. Overall financial condition of the company is improving.
Trade relations are fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with 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.
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
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 DECLINED
MANAGEMENT NON-COOPERATIVE
(CONTACT NO.: 91-22-25631595)
LOCATIONS
|
Registered/ Corporate Office : |
101, 1st Floor, Ganesh Bhuvan Cooperative Housing Society, Opposite Pamekar
Society, Mahatma Fule Marg, Mulund (East), Mumbai – 400081, Maharashtra,
India |
|
Tel. No.: |
91-22-25631595/ 25631594/ 25637534 |
|
Fax No.: |
91-22-25637533 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
D-98, MIDC Ranjangaon, Taluka Shirur, Pune - 412209, Maharashtra, India |
|
Tel. No.: |
91-2138-675600/ 01/ 13 |
|
Fax No.: |
91-2138-670359 |
DIRECTORS
AS ON 14.07.2014
|
Name : |
Mrs. Satya Ramani Vadlamani |
|
Designation : |
Managing director |
|
Address : |
A 202, Golden Oak, Hiranandani Gardens, Hiranandani, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1964 |
|
Date of Appointment : |
02.04.2004 |
|
DIN No.: |
00009269 |
|
|
|
|
Name : |
Mrs. Challa Sitamahalakshmi |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. B 604, Building No-4, Powai Vihar Comple, Adi Shankaracharya Marg, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
24.07.1943 |
|
Date of Appointment : |
02.04.2004 |
|
DIN No.: |
00008471 |
|
|
|
|
Name : |
Mr. Vijay Kalyansundaram Shastri |
|
Designation : |
Director |
|
Address : |
2-223, Sathe Building, Bhalchandra Road, Matunga, Mumbai - 400019, Maharashtra, India |
|
Date of Birth/Age : |
21.10.1958 |
|
Date of Appointment : |
02.04.2004 |
|
DIN No.: |
00009150 |
|
|
|
|
Name : |
Ms. Sau Chun Fung |
|
Designation : |
Director |
|
Address : |
Flat J6 3/F, BLK J Wei Chien CRT, 9 Long, Yuet St, Tokwawan Kln, 999077, China |
|
Date of Birth/Age : |
10.01.1965 |
|
Date of Appointment : |
02.04.2004 |
|
DIN No.: |
03113913 |
|
|
|
|
Name : |
Mr. Dhirendra Chhabildas Somaiya |
|
Designation : |
Nominee director |
|
Address : |
No. 1 Barclay Oval, Woodford Green, Essex, Ig80pp, United Kingdom |
|
Date of Birth/Age : |
16.09.1953 |
|
Date of Appointment : |
22.01.2011 |
|
DIN No.: |
03408596 |
|
|
|
|
Name : |
Mr. Vinaykant Chhabildas Somaiya |
|
Designation : |
Director |
|
Address : |
P O Box 284, Plot HSC No. 1320, Block No. Masaki-Chole Road, Dar Es Salaam, 1320, United Republic of Tanzania |
|
Date of Birth/Age : |
10.02.1946 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
05339685 |
|
|
|
|
Name : |
Mr. Zainul Fakhruddin Bharmal |
|
Designation : |
Director |
|
Address : |
1394 Haile Selassie Road,, P O Box 283 Dar Es Salaam, Tanzania, 1394, United Republic of Tanzania |
|
Date of Birth/Age : |
09.04.1960 |
|
Date of Appointment : |
06.05.2013 |
|
DIN No.: |
06719771 |
|
|
|
|
Name : |
Mr. Venkatarjun Eshwar Vadlamany |
|
Designation : |
Director |
|
Address : |
A-202, Golden Oak, Hiranandani Garden, Powai, Mumbai - 400076, Maharashtra, India |
|
Date of Birth/Age : |
02.12.1986 |
|
Date of Appointment : |
06.05.2013 |
|
DIN No.: |
06734600 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.07.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vadlamani Satya Ramani |
|
484879 |
|
Vijay Kalyansundaram Shastri |
|
120670 |
|
Challa Sitamahalakshmi |
|
182299 |
|
Vadlamani Venkata Murli Krishna |
|
51629 |
|
Vadlamani Venkatarjun |
|
51629 |
|
Mohan Vadlamani |
|
127789 |
|
Rhenochem AG, Switzerland |
|
70000 |
|
Eloon Hong Kong Limited, Hong Kong |
|
50000 |
|
Geopharma Inc., USA |
|
34260 |
|
Umoja Limited, Mauritius |
|
1004126 |
|
Bowland Investments Limited, British Virgin Islands |
|
145912 |
|
Kruton International Inc., USA |
|
344884 |
|
C.R. Sarma |
|
138800 |
|
Rakesh Garg |
|
40000 |
|
Alpesh Patel |
|
24000 |
|
Sanjiv Basin |
|
24000 |
|
Kiran Ventaka Mengipudi |
|
12000 |
|
Nukula Satyanarayana |
|
3596 |
|
M. Bhaskara Ramamurti |
|
10000 |
|
M. Ravi Srinivas |
|
10000 |
|
B. Kavita |
|
2000 |
|
Murli Krishna Exports Private Limited, India |
|
82370 |
|
|
|
|
|
Total |
|
3014843 |
AS ON 14.07.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
54.70 |
|
Bodies
corporate |
2.73 |
|
Directors
or relatives of directors |
33.80 |
|
Other
top fifty shareholders |
8.77 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Omeprazole Pellets,
Lansoprazole Pellets, Pantoprazole Pellets, Esomeprazole Pellets, etc. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||||||||
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|
|
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|
Bankers : |
· Bank of Maharashtra Koregaon Bhima Branch, Koregaon Bhima, Tah. Shirur,
District Pune - 412216, Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Asutosh and Pankaj Chartered Accountants |
|
Address : |
914, A Wing, Sagar Tech Plaza, Sakinaka Junction, Andheri (East),
Mumbai – 400072, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AARPS9759D |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 14.07.2014
Authorised Capital : Rs. 35.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 32.014
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,014,843 |
Equity Shares |
Rs. 10/- each |
Rs. 30.148
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 |
30.148 |
28.689 |
28.689 |
|
(b) Reserves & Surplus |
51.591 |
40.289 |
40.447 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
14.521 |
14.590 |
1.780 |
|
Total
Shareholders’ Funds (1) + (2) |
96.260 |
83.568 |
70.916 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
68.016 |
78.598 |
67.233 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.640 |
0.000 |
0.000 |
|
(d)
long-term provisions |
70.439 |
56.774 |
40.332 |
|
Total
Non-current Liabilities (3) |
139.095 |
135.372 |
107.565 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
64.482 |
47.774 |
53.958 |
|
(b)
Trade payables |
96.018 |
85.824 |
62.756 |
|
(c)
Other current liabilities |
6.649 |
10.083 |
6.460 |
|
(d)
Short-term provisions |
9.465 |
4.779 |
6.319 |
|
Total
Current Liabilities (4) |
176.614 |
148.460 |
129.493 |
|
|
|
|
|
|
TOTAL |
411.969 |
367.400 |
307.974 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
170.429 |
149.880 |
138.892 |
|
(ii)
Intangible Assets |
43.977 |
40.209 |
49.793 |
|
(iii)
Capital work-in-progress |
55.192 |
39.916 |
3.032 |
|
(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) |
14.475 |
15.932 |
16.461 |
|
(d) Long-term Loan
and Advances |
0.300 |
0.300 |
2.451 |
|
(e)
Other Non-current assets |
2.345 |
2.078 |
0.000 |
|
Total
Non-Current Assets |
286.718 |
248.315 |
210.629 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
64.199 |
59.527 |
49.916 |
|
(c)
Trade receivables |
47.216 |
40.357 |
39.289 |
|
(d)
Cash and cash equivalents |
1.414 |
0.913 |
0.165 |
|
(e)
Short-term loans and advances |
2.904 |
5.245 |
0.182 |
|
(f)
Other current assets |
9.518 |
13.043 |
7.793 |
|
Total
Current Assets |
125.251 |
119.085 |
97.345 |
|
|
|
|
|
|
TOTAL |
411.969 |
367.400 |
307.974 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
|
155.000 |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
326.033 |
214.428 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
322.692 |
214.058 |
NA
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.341 |
0.370 |
5.295 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.253 |
0.529 |
(16.460) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.088 |
(0.159) |
21.755 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
0.36 |
(0.06) |
7.58 |
|
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} |
(%) |
0.98 |
0.12 |
1.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.00 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.38 |
1.51 |
1.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.71 |
0.80 |
0.75 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
28.689 |
28.689 |
30.148 |
|
Reserves & Surplus |
40.447 |
40.289 |
51.591 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
14.521 |
14.590 |
1.780 |
|
Net
worth |
83.657 |
83.568 |
83.519 |
|
|
|
|
|
|
Long-term borrowings |
67.233 |
78.598 |
68.016 |
|
Short term borrowings |
53.958 |
47.774 |
64.482 |
|
Total
borrowings |
121.191 |
126.372 |
132.498 |
|
Debt/Equity ratio |
1.449 |
1.512 |
1.586 |
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 |
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 |
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 |
No |
|
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 |
10250634 |
15/10/2010 |
3,000,000.00 |
BANK OF
MAHARASHTRA |
KOREGAON BHIMA
BRANCH, TALUK SHIRUR, PUNE RURAL REGION, PUNE, MAHARASHTRA - 412216, INDIA |
A98120827 |
|
2 |
10100024 |
21/04/2008 |
8,900,000.00 |
BANK OF
MAHARASHTRA |
KOREGAON BHIMA,
TALUK SHIRUR, PUNE RURAL REGION, PUNE, MAHARASHTRA - 412216, INDIA |
A37310620 |
|
3 |
10048499 |
10/04/2007 |
11,700,000.00 |
THE BANK OF
MAHARASHTRA LIMITED |
KOREGAON BHIMA
BRANCH, PUNE RURAL REGION, PUNE, MAHARASHTRA - 412216, INDIA |
A14353809 |
|
4 |
10026051 |
29/04/2015 * |
215,300,000.00 |
BANK OF
MAHARASHTRA |
KOREGAON BHIMA BRANCH,
KOREGAON BHIMA, TAH. SHIRUR, DIST. PUNE, PUNE, MAHARASHTRA - 412216, INDIA |
C52878857 |
|
5 |
90145478 |
29/10/2004 * |
12,500,000.00 |
BANK OF
MAHARASHTRA |
KOREGAON BHIMA
BRANCH, PUNE, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Related Parties |
4.803 |
5.006 |
|
From Others |
13.477 |
30.448 |
|
SHORT TERM BORROWINGS |
|
|
|
Others |
0.000 |
0.019 |
|
|
|
|
|
Total |
18.280 |
35.473 |
FIXED ASSETS:
· Land
· Buildings
· Computer Equipment
· Electrical Fittings
· Office Equipment
· Furniture and Fixture
· Other Equipment
· Vehicle
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 |
|
UK Pound |
1 |
Rs. 100.94 |
|
Euro |
1 |
Rs. 72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
46 |
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.