MIRA INFORM REPORT
|
Report No. : |
31351 |
|
Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
OREN HYDROCARBONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
28/2 B Saravana Street, T Nagar, Chennai – 600017, Tamilnadu |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.07.1990 |
|
|
|
|
Com. Reg. No.: |
18-019419 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 142.860 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U73100TN1990PTC019419 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACO3649L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer, Supplier and Exporter of Chemicals. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
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 2000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
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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. Financial position of the company is good. Trade relations are reported as fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered normal 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
INDIA RATING |
|
Rating |
Long Term Issuer Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
|
Date |
September 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
LOCATIONS
|
Registered Office : |
28/2 B Saravana Street, T Nagar, Chennai – 600017, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Rizwan Ahmad |
|
Designation : |
Managing Director |
|
Address : |
28/2B, Saravana Street, T. Nagar, Chennai – 600017, Tamilnadu, India |
|
Date of Birth/Age : |
01.08.1958 |
|
Date of Appointment : |
17.01.1996 |
|
DIN No. : |
00652115 |
|
|
|
|
Name : |
Ms. Sayeeda Ahmad |
|
Designation : |
Director |
|
Address : |
28/2B, Saravana Street, T. Nagar, Chennai – 600017, Tamilnadu, India |
|
Date of Birth/Age : |
07.03.1961 |
|
Date of Appointment : |
17.01.1996 |
|
DIN No. : |
00652220 |
|
|
|
|
Name : |
Saravanan Balakrishnan |
|
Designation : |
Director |
|
Address : |
12/16, Dr. Subbarayan Nagar, 6th Street, kodambakkam,
Chennai – 626024, Tamilnadu, India |
|
Date of Birth/Age : |
03.06.1971 |
|
Date of Appointment : |
18.02.2011 |
|
DIN No. : |
03445746 |
|
|
|
|
Name : |
Mahaboob Subhahani |
|
Designation : |
Director |
|
Address : |
47/39, Burma Colony, Pavali Road, Virudhunagar DT - 626001, Tamilnadu,
India |
|
Date of Birth/Age : |
07.06.1982 |
|
Date of Appointment : |
18.02.2011 |
|
DIN No. : |
03446289 |
|
|
|
|
Name : |
Gajalakshmi Renganathan |
|
Designation : |
Director |
|
Address : |
9, Indira Nagar Extension, Selaiyur, Chennai – 600073, Tamilnadu,
India |
|
Date of Birth/Age : |
12.07.1979 |
|
Date of Appointment : |
01.10.2012 |
|
DIN No. : |
01687545 |
|
|
|
|
Name : |
Mr. Faizan Ahmad |
|
Designation : |
Director |
|
Address : |
28/2B, Saravana Street, T. Nagar, Chennai – 600017, Tamilnadu, India |
|
Date of Birth/Age : |
28.07.1990 |
|
Date of Appointment : |
10.06.2013 |
|
DIN No. : |
06625648 |
|
|
|
|
Name : |
Mr. Irfan Ahmad |
|
Designation : |
Director |
|
Address : |
28-2B, Saravana Street, T. Nagar, Chennai – 600017, Tamilnadu, India |
|
Date of Birth/Age : |
24.08.1991 |
|
Date of Appointment : |
04.09.2013 |
|
DIN No. : |
06678611 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Rizwan Ahmad |
11282447 |
78.98 |
|
Sayeeda Ahmad |
3003588 |
21.02 |
|
|
|
|
|
Total |
14286035 |
100.00 |
AS ON 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Exporter of Chemicals. |
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Products : |
Not Available |
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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 : |
Not Available |
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Purchasing : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Patel Mohan Ramesh and Company Chartered Accountants |
|
Address : |
ARK Colony, New No. 35, Old No. 4, Eldams Road, Alwarpet, Chennai –
600018, Tamilnadu, India |
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PAN No.: |
AABFP5408N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiary company
: |
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Associates : |
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|
Company in which
KMP / Relatives of KMP can
exercise significant influence : |
|
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000000 |
Equity Shares |
Rs. 10/- each |
Rs. 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
14286035 |
Equity Shares |
Rs. 10/-
each |
Rs. 142.860
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 |
142.860 |
132.661 |
98.322 |
|
(b) Reserves & Surplus |
682.555 |
470.770 |
318.801 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
20.000 |
34.339 |
|
Total
Shareholders’ Funds (1) + (2) |
825.415 |
623.431 |
451.462 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
63.137 |
61.979 |
53.495 |
|
(b) Deferred tax liabilities (Net) |
4.992 |
4.669 |
4.213 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
4.463 |
4.477 |
2.752 |
|
Total Non-current Liabilities
(3) |
72.592 |
71.125 |
60.460 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1949.433 |
1047.783 |
697.150 |
|
(b) Trade
payables |
419.015 |
593.165 |
237.035 |
|
(c) Other
current liabilities |
48.948 |
77.994 |
70.709 |
|
(d) Short-term
provisions |
99.511 |
72.959 |
29.647 |
|
Total Current
Liabilities (4) |
2516.907 |
1791.901 |
1034.541 |
|
|
|
|
|
|
TOTAL |
3414.914 |
2486.457 |
1546.463 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
616.187 |
494.875 |
445.377 |
|
(ii)
Intangible Assets |
0.019 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
13.509 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
24.918 |
22.117 |
15.864 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
68.927 |
39.573 |
104.540 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
723.560 |
556.565 |
565.781 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
791.325 |
592.745 |
378.185 |
|
(c) Trade
receivables |
1307.636 |
814.995 |
408.809 |
|
(d) Cash
and cash equivalents |
108.653 |
155.348 |
37.588 |
|
(e)
Short-term loans and advances |
446.443 |
309.985 |
107.015 |
|
(f) Other
current assets |
37.297 |
56.819 |
49.085 |
|
Total Current
Assets |
2691.354 |
1929.892 |
980.682 |
|
|
|
|
|
|
TOTAL |
3414.914 |
2486.457 |
1546.463 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
4494.925 |
3650.170 |
2605.766 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
204.570 |
183.049 |
95.525 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
14.32 |
12.81 |
6.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
4.55
|
5.01 |
3.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
133.12 |
148.12 |
170.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
5.45 |
5.85 |
5.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
2.44 |
1.78 |
1.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.08 |
0.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
98.322 |
132.661 |
142.860 |
|
Reserves & Surplus |
318.801 |
470.770 |
682.555 |
|
Share Application money
pending allotment |
34.339 |
20.000 |
0.000 |
|
Net
worth |
451.462 |
623.431 |
825.415 |
|
|
|
|
|
|
long-term borrowings |
53.495 |
61.979 |
63.137 |
|
Short term borrowings |
697.150 |
1047.783 |
1949.433 |
|
Total
borrowings |
750.645 |
1109.762 |
2012.570 |
|
Debt/Equity
ratio |
1.663 |
1.780 |
2.438 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Inocme |
2605.766 |
3650.170 |
4494.925 |
|
|
|
40.080 |
23.143 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2605.766 |
3650.170 |
4494.925 |
|
Profit |
95.525 |
183.049 |
204.570 |
|
|
3.67% |
5.01% |
4.55% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
BUSINESS OUTLOOK:
The Directors are pleased with the scope of business available in the field and the company is considering expansion of its presence in Overseas Centers and markets. Looking at the opportunities available the company is hopeful of good increase in turnover in the coming years.
The company is also in the process of evaluating the
scope of expanding the product range and production facilities of the Company.
The Directors are also happy to inform the members that the company has identified certain products for engaging in, in the same field, which would help the business to a considerable extent.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10536782 |
05/12/2014 |
400,000,000.00 |
RBL Bank Limited |
SHAHUPURI,KOLHAPUR, KOLHAPUR, Maharashtra - 416001, INDIA |
C37040250 |
|
2 |
10535996 |
08/10/2014 |
350,000,000.00 |
IDBI Bank Limited |
7 CHEVALIAR SIVAJI GANESAN SALAI, T NAGAR, CHENNAI, Tamil Nadu - 600017, INDIA |
C36634673 |
|
3 |
10531533 |
24/07/2014 |
30,000,000.00 |
TATA CAPITAL HOUSING FINANCE LIMITED |
ONE FORBES, DR V B GANDHI MARG, FORT, MUMBAI, Maharashtra - 400001, INDIA |
C33756883 |
|
4 |
10441279 |
30/01/2014 * |
390,000,000.00 |
DBS Bank Ltd |
806 Anna Salai, Chennai, Tamil Nadu - 600002, INDIA |
B98560360 |
|
5 |
10435248 |
31/01/2014 * |
90,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B98725054 |
|
6 |
10435249 |
31/01/2014 * |
304,500,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
C00047316 |
|
7 |
10505872 |
02/07/2013 |
14,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
C00264069 |
|
8 |
10439247 |
08/10/2014 * |
350,000,000.00 |
IDBI Bank Limited |
7 CHEVALIAR SIVAJI GANESAN SALAI, T NAGAR, CHENNAI, Tamil Nadu - 600017, INDIA |
C31008709 |
|
9 |
10369889 |
02/07/2013 * |
354,500,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
C00263848 |
|
10 |
10346349 |
30/01/2014 * |
505,000,000.00 |
State Bank of India |
Commercial Branch,
No.232 NSC Bose Road, Chennai, INDIA |
B96707344 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
23.787 |
29.199 |
|
|
|
|
|
Total |
23.787 |
29.199 |
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Factory
Equipments
- Furniture and
Fixture
- Vechicles
- Office
Eqipments
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 records 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 registere 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. 62.82 |
|
|
1 |
Rs. 92.83 |
|
Euro |
1 |
Rs. 66.17 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
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 |
YES |
|
--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.