MIRA INFORM REPORT
|
Report No. : |
313961 |
|
Report Date : |
23.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHRADDHA ISPAT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Kohinoor Estate Building, Nos. C 1, Office No.15, Mulla Road, Kirkee,
Pune – 411003, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.06.1995 |
|
|
|
|
Com. Reg. No.: |
11-089176 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.999 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910MH1995PTC089176 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCS4567G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of M.S. Billets. |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
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 |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. As per Registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the documents
related to the financials for the year 2014 is not available from any source. However, as per available financial of 2013, the company has fair
profit margin and good net worth position. Trade relations reported to be fair. Business is active. Payments 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.
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
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sachin Gholap |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-66294323 |
|
Date : |
20.03.2015 |
LOCATIONS
|
Registered Office : |
Kohinoor Estate Building, Nos. C 1, Office No.15, Mulla Road, Kirkee,
Pune – 411003, Maharashtra, India |
|
Tel. No.: |
20-66294323 |
|
Mobile No.: |
91-9225907619 (Mr. Vinod Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. M-1, Cuncolim Industrial Estate, Concolim – 403703, Goa,
India |
|
Tel. No.: |
91-832-2865648 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Deepchand Sonraj Oswal |
|
Designation : |
Director |
|
Address : |
Plot No. 1, Giraja Nayak Society, Somalka, Bibewadi, Pune – 411037,
Maharashtra, India |
|
Date of Birth/ Age : |
25.12.1958 |
|
Date of Appointment : |
02.06.2003 |
|
DIN No.: |
00607673 |
|
|
|
|
Name : |
Mr. Ashwinikumar Ramkumar Poddar |
|
Designation : |
Director |
|
Address : |
130, Sindh Society, Aundh, Pune – 411 007, Maharashtra, India |
|
Date of Birth/ Age : |
12.09.1960 |
|
Date of Appointment : |
02.06.2003 |
|
PAN No.: |
AARPP7606E |
|
DIN No.: |
01447110 |
|
|
|
|
Name : |
Mr. Yogesh Vedprakash Goyal |
|
Designation : |
Director |
|
Address : |
235/H Ward No.II, Villey Plot No. 37, Pulwado Cana, Benaulim,
Margadsalcete – 403601, Goa, India |
|
Date of Birth/ Age : |
24.09.1964 |
|
Date of Appointment : |
01.11.2002 |
|
DIN No.: |
01604557 |
|
PAN No.: |
AAWPG1301L |
|
|
|
|
Name : |
Mr. Premprakash Lacchiram Goyal |
|
Designation : |
Director |
|
Address : |
S. No.13, H. No.1, 2, 3 and 4, Kohinoor Residency 3, Phase Planet,
Near Spicer College, Pune – 411 007, Maharashtra, India |
|
Date of Birth/ Age : |
10.11.1955 |
|
Date of Appointment : |
20.06.1995 |
|
PAN No.: |
AFOPG9961M |
|
DIN No.: |
00389633 |
|
|
|
|
Name : |
Mr. Vinodkumar Vedprakash Goyal |
|
Designation : |
Director |
|
Address : |
S. No.13, H. No.1, 2, 3 and 4, Kohinoor Residency 3, Phase Planet,
Near Spicer College, Pune – 411 007, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1957 |
|
Date of Appointment : |
01.04.2008 |
|
PAN No.: |
AAUPG3001D |
|
DIN No.: |
01604780 |
|
|
|
|
Name : |
Mr. Aditya Arunkumar Poddar |
|
Designation : |
Director |
|
Address : |
130, Sindh Society, Aundh, Pune – 411 007, Maharashtra, India |
|
Date of Birth/Age : |
17.12.1981 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
01725241 |
|
|
|
|
Name : |
Mr. Mayank Vinod Goyal |
|
Designation : |
Director |
|
Address : |
S. No.13, H. No.1, 2, 3 and 4, Kohinoor Residency 3, Phase Planet, Near
Spicer College, Pune – 411 007, Maharashtra, India |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
02061353 |
|
PAN NO.: |
AGMPG1674Q |
|
|
|
|
Name : |
Mr. Rahul Deepchand Oswal |
|
Designation : |
Director |
|
Address : |
586/A, Flat No.1, DCYFL-7, Girija Nayak Society, Gultekadi, Pune – 411
037, Maharashtra, India |
|
Date of Birth/Age : |
30.12.1984 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
02202821 |
|
|
|
|
Name : |
Mr. Prakash Sohanraj Oswal |
|
Designation : |
Director |
|
Address : |
586/A, Flat No.1, DCYFL-7, Girija Nayak Society, Gultekadi, Pune – 411
037, Maharashtra, India |
|
Date of Birth/Age : |
16.04.1969 |
|
Date of Appointment : |
01.04.2008 |
|
DIN No.: |
02202856 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Gholap |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Vinod Gupta |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vinodkumar Vedprakash Goyal |
|
3620 |
|
Premprakash Lacchiram Goyal |
|
4000 |
|
Sushama Vinodkumar Goyal |
|
498 |
|
Aditya Arunkumar Poddar |
|
2100 |
|
Kashyam Ashwinikumar Poddar |
|
1035 |
|
Mayank Vinod Goyal |
|
2700 |
|
Arunkumar Ramkumar Poddar |
|
2000 |
|
Ashok Sonraj Oswal |
|
2000 |
|
Ashwinikumar Ramkumar Poddar |
|
3500 |
|
Deepchand Sonraj Oswal |
|
2000 |
|
Prakash Sonraj Oswal |
|
2000 |
|
Rajesh Sonraj Oswal |
|
2000 |
|
Sanjay Sonraj Oswal |
|
2000 |
|
Madhu Arunkumar Poddar |
|
2000 |
|
Punita Ashwinikumar Poddar |
|
2000 |
|
Savitridevi Ramkumar Poddar |
|
1000 |
|
Uttam Sonraj Oswal |
|
1635 |
|
Vijay Sonraj Oswal |
|
1500 |
|
Yogesh Vedprakash Goyal |
|
4545 |
|
Radharani Premprakash Goyal |
|
2817 |
|
Sangeeta Vijay Oswal |
|
500 |
|
Sunil Omprakash Garg |
|
4545 |
|
|
|
|
|
Total |
|
49995 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of M.S. Billets. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
PRODUCTION STATUS [AS ON 31.03.2012]
|
Particulars |
Unit |
Installed
Capacity |
|
Sponge Iron |
M.T. |
72000.000 |
|
Mild Steel Billets/Ingots |
M.T. |
45000.000 |
|
Particulars |
Unit |
Actual
Production |
|
Sponge Iron Division
|
|
|
|
Sponge Iron Waste Products |
M.T. |
50078.000 |
|
Segregated Coat Dust |
M.T. |
18850.745 |
|
Fly Ash Bricks |
Nos. |
5895404.000 |
|
Steel Melting
Division |
|
|
|
M.S. Ingots/Billets |
M.T. |
27865.7000 |
|
Runners/Risers |
M.T. |
37.090 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
·
The Cosmos Co-operative Bank Limited, Khadki
Branch, Pune – 411030, Maharashtra, India |
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|
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|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Nagaraj Kale Chartered Accountant |
|
Address : |
G-4, Rosa Maria Complex,
Opposite Costa Factory, Aquem, Margao – 403601, Goa, India |
|
Tel. No.: |
91-832-2715880/
2713144 |
|
Mobile No.: |
91-9923410236 |
|
Fax No.: |
91-832-2713144 |
|
E-Mail : |
|
|
PAN No: |
AHNPK0563C |
|
|
|
|
Membership : |
-- |
|
|
|
|
Other Related Parties : |
U27106GA1994PTC001582
U27320MH1995PTC088354
U28910MH1995PTC089177
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
49995 |
Equity Shares |
Rs.100/- each |
Rs.4.999 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.999 |
4.999 |
4.999 |
|
(b) Reserves & Surplus |
689.610 |
649.470 |
614.347 |
|
(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) |
694.609 |
654.469 |
619.346 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
(16.985) |
(18.082) |
(19.850) |
|
(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) |
(16.985) |
(18.082) |
(19.850) |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
52.014 |
3.399 |
3.196 |
|
(b) Trade
payables |
25.841 |
415.663 |
63.023 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
23.351 |
23.923 |
17.973 |
|
Total Current
Liabilities (4) |
101.206 |
442.985 |
84.192 |
|
|
|
|
|
|
TOTAL |
778.830 |
1079.372 |
683.688 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
299.965 |
312.988 |
337.939 |
|
(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 |
28.159 |
17.484 |
17.423 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
72.975 |
50.497 |
28.141 |
|
Total Non-Current
Assets |
401.099 |
380.969 |
383.503 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
190.353 |
187.228 |
150.138 |
|
(c) Trade
receivables |
77.710 |
93.404 |
89.225 |
|
(d) Cash
and cash equivalents |
33.262 |
272.974 |
29.981 |
|
(e)
Short-term loans and advances |
40.020 |
126.961 |
23.966 |
|
(f) Other current
assets |
36.386 |
17.836 |
6.875 |
|
Total
Current Assets |
377.731 |
698.403 |
300.185 |
|
|
|
|
|
|
TOTAL |
778.830 |
1079.372 |
683.688 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1989.487 |
1980.000 |
1679.900 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
75.322 |
69.829 |
32.299 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
20.553 |
20.339 |
20.744 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
54.769 |
49.490 |
11.553 |
|
|
|
|
|
|
|
|
|
|
INCOME TAX
PAYMENTS / PROVISION (INCLUSIVE OF DEFERRED AS 22) |
10.949 |
10.514 |
5.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
41.884 |
36.865 |
6.150 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
837.75 |
737.37 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT / Sales |
(%) |
2.11 |
1.86 |
0.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
7.30 |
4.66 |
1.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.08 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.73 |
1.58 |
3.57 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
4.999 |
4.999 |
4.999 |
|
Reserves & Surplus |
614.347 |
649.470 |
689.610 |
|
Net
worth |
619.346 |
654.469 |
694.609 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
3.196 |
3.399 |
52.014 |
|
Total
borrowings |
3.196 |
3.399 |
52.014 |
|
Debt/Equity
ratio |
0.005 |
0.005 |
0.075 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
1679.900 |
1980.000 |
1989.487 |
|
|
|
17.864 |
0.479 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
1679.900 |
1980.000 |
1989.487 |
|
Profit |
6.150 |
36.865 |
41.884 |
|
|
0.37% |
1.86% |
2.11% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
OPERATING RESULTS:
The year under cover was a mix up of good turnover but ended in slowdown in the market. Closure of iron ore mines hit the industry very badly. Further the cost of imported coal has also gone up substantially during the year under cover. Apart from the problems cited above, there was also a problem in importing the coal in Marmugoa harbour on account of environmental problems which caused the additional cost of transportation of the coal. The year under cover was a mix up of additional problems and slows down in the market. If the turnover is compared with that of the preceding year the level was maintained whereas the sponge iron division has not yielded the expected profit on account of the reasons cited above.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10214191 |
25/01/2011 * |
78,500,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B07471287 |
|
2 |
10192173 |
23/11/2012 * |
421,000,000.00 |
HDFC Bank Limited |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B66153552 |
*Date of modification Charges
FIXED ASSETS:
·
Leasehold Land
·
Land Development
·
Bore Well
·
Office Building
·
Factory Building
·
Plant and Machinery
·
Computers
·
Furniture and Fixtures
·
Vehicles
·
Electrical Installation
·
Auxiliary Equipments
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 records 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 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.62.49 |
|
|
1 |
Rs.92.26 |
|
Euro |
1 |
Rs.66.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
43 |
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.