MIRA INFORM REPORT
|
Report No. : |
329526 |
|
Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRIMA
PRIVATE LIMITED (w.e.f. 16.04.2012) |
|
|
|
|
Formerly Known
As : |
PRIMA
PAPER AND ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Chaitanya, 774, Budhwar
Peth, Pune – 411 002, Maharashtra |
|
Tel. No.: |
91-20-27129353 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.11.1974 |
|
|
|
|
Com. Reg. No.: |
11-017894 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.299
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21012MH1974PTC017894 |
|
|
|
|
IEC No.: |
3195010411 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP01675C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP1938J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing of Automotive Plastic
Molded Components and also generates power through windmill. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1165000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. Rating takes into
consideration healthy financial risk profile marked by healthy networth base
and net profit margin. Trade relations
are fair. Business is active. Payment terms are reported to be usually
correct. In the view of
long term record and extensive experience of promoters, 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.
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
|
Name : |
Mr. Shashank Rajeev Joshi |
|
Designation : |
Director |
|
Contact No.: |
91-9822752372 |
|
Date : |
27.06.2015 |
LOCATIONS
|
Registered Office : |
Chaitanya, 774, Budhwar
Peth, Pune – 411 002, Maharashtra, India |
|
Tel. No.: |
91-20-27129353 |
|
Mobile No.: |
91-9822752372 (Mr. Shashank Rajeev Joshi) |
|
Fax No.: |
91-20-27122576 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory 1 : |
J-195 Block, M.I.D.C., Bhosari, Pune – 411 026, Maharashtra, India |
|
|
|
|
Factory 2 : |
T-73 Block, M.I.D.C., Bhosari, Pune – 411 026, Maharashtra, India |
|
Tel. No.: |
91-20-27129353 |
|
|
|
|
Factory 3 : |
Gat No.3414, 3418 to 3421, A/P: Talegaon Dhamdhere, Taluka Shirur, District Pune – 412 208, Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajiv Govind Joshi |
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|
Designation : |
Managing Director |
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|
Address : |
Chaitanya, 774, Budhwar Peth,
Pune – 411 002, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.01.1954 |
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|
Date of Appointment : |
30.06.1987 |
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DIN No.: |
00151822 |
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Other
Directorship :
|
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|
Name : |
Mrs. Anjali Rajiv Joshi |
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Designation : |
Director |
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|
Address : |
Chaitanya, 774, Budhwar
Peth, Pune – 411 002, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.11.1956 |
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Date of Appointment : |
01.06.2002 |
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DIN No.: |
00151881 |
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Other
Directorship :
|
|||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shashank Rajeev Joshi |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
Chaitanya, 774, Budhwar
Peth, Pune – 411 002, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.12.1982 |
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|
Date of Appointment : |
01.06.2002 |
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DIN No.: |
00152091 |
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KEY EXECUTIVES
|
Name : |
MSN Associates |
|
Designation : |
Company Secretaries |
|
Address : |
6A, Anandmayco Apartments, Near Ashwamedh Hall, Off Karve Road,
Erandawane, Pune – 411 004, Maharashtra, India |
|
Tel. No.: |
91-20-25464368/ 254555401 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajiv Govind Joshi |
|
11153 |
|
Anjali Rajiv Joshi |
|
1053 |
|
Saroj D. Chandratre |
|
455 |
|
Jayashree S. Damle |
|
533 |
|
Rajeev Joshi HUF (Thorough Karta Rajeev Joshi) |
|
1 |
|
Total |
|
13195 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of Automotive
Plastic Molded Components and also generates power through windmill. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
|
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Selling : |
Cash and Credit (30/ 60/ 90 days) |
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|
|
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Purchasing : |
Cash and Credit (30/ 60/ 90 days)
|
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
· John Deere India Private Limited · Piaggio Vehicles Private Limited, Baramati · Man Trucks India Private Limited · Mahindra and Mahindra Limited · Fiat India Automobiles Private Limited · Force Motors Limited, Pune |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Sharad Shah and Company Chartered Accountants |
|
Address : |
Gokul Nager ‘B’, 1184/4, Fergusson
College Road, Pune – 411 005, Maharashtra, India |
|
Tel. No.: |
91-20-25535405/ 25535426 |
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Fax No.: |
91-20-25536624 |
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E-Mail : |
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|
Website : |
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Income-tax
PAN of auditor or auditor's firm : |
AAEFS2410C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
20000 |
Equity Shares |
Rs.250/- each |
Rs.5.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
13195 |
Equity Shares |
Rs.250/- each |
Rs.3.299
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 |
3.299 |
3.299 |
3.299 |
|
(b) Reserves &
Surplus |
404.440 |
367.867 |
323.853 |
|
(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) |
407.739 |
371.166 |
327.152 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
64.774 |
66.366 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
64.774 |
66.366 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
59.078 |
67.415 |
125.372 |
|
(b) Trade payables |
49.945 |
53.531 |
106.587 |
|
(c) Other current
liabilities |
16.954 |
13.021 |
26.833 |
|
(d) Short-term provisions |
0.254 |
0.380 |
0.460 |
|
Total Current Liabilities
(4) |
126.231 |
134.347 |
259.252 |
|
|
|
|
|
|
TOTAL |
598.744 |
571.879 |
586.404 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
172.500 |
146.430 |
142.738 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
18.952 |
26.770 |
3.399 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
177.918 |
168.002 |
161.856 |
|
(c) Deferred tax assets
(net) |
2.460 |
2.971 |
2.797 |
|
(d) Long-term Loan and Advances |
30.718 |
4.086 |
5.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
402.548 |
348.259 |
315.790 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
16.270 |
15.984 |
11.878 |
|
(c) Trade receivables |
80.071 |
108.478 |
163.741 |
|
(d) Cash and cash
equivalents |
80.765 |
79.592 |
77.390 |
|
(e) Short-term loans and
advances |
16.955 |
18.141 |
14.083 |
|
(f) Other current assets |
2.135 |
1.425 |
3.522 |
|
Total Current Assets |
196.196 |
223.620 |
270.614 |
|
|
|
|
|
|
TOTAL |
598.744 |
571.879 |
586.404 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
266.579 |
299.822 |
296.552 |
|
|
|
Other Income |
25.034 |
37.693 |
29.468 |
|
|
|
TOTAL |
291.613 |
337.515 |
326.020 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
36.573 |
44.014 |
15.946 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
2771.73
|
3335.66 |
1208.49 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
300.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs.350.000 million
The above information has been parted by Mr. Shashank Rajeev Joshi
(Director).
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) |
(%) |
13.72 |
14.68 |
5.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.30 |
0.36 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55 |
1.66 |
1.04 |
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 |
3.299 |
3.299 |
3.299 |
|
Reserves & Surplus |
323.853 |
367.867 |
404.440 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
327.152 |
371.166 |
407.739 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
66.366 |
64.774 |
|
Short term borrowings |
125.372 |
67.415 |
59.078 |
|
Total borrowings |
125.372 |
133.781 |
123.852 |
|
Debt/Equity ratio |
0.383 |
0.360 |
0.304 |
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 |
296.552 |
299.822 |
266.579 |
|
|
|
1.103 |
(11.088) |
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 |
296.552 |
299.822 |
266.579 |
|
Profit |
15.946 |
44.014 |
36.573 |
|
|
5.38% |
14.68% |
13.72% |
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 |
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
CORPORATE
INFORMATION
Subject manufactures Automotive Plastic Molded Components. Company also
generates power through windmill. However on 16.04.2012, the name of the
company has been changed to Prima Private Limited.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
LONG TERM BORROWINGS |
|
|
|
Loan from Directors |
63.402 |
64.994 |
|
Other Unsecured Loans |
1.372 |
1.372 |
|
Total |
64.774 |
66.366 |
INDEX
OF CHARGES:
No Charges Exist for Company.
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Furniture
· Computer Hardware
· Office Equipment
· Vehicles
· Windmill
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.63.60 |
|
UK Pound |
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
49 |
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.