MIRA INFORM REPORT
|
Report No. : |
312650 |
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Report Date : |
24.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAM DEV INTERNATIONAL LIMITED (w.e.f. 13.03.2013) |
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Formerly Known
As : |
RAM DEV INTERNATIONAL PRIVATE LIMITED (w.e.f. 02.03.2013) RAM DEV RICE PRIVATE LIMITED |
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Registered
Office : |
A/3 - 214, Sector-17, Rohini, New Delhi-110085 |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
05.04.2004 |
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Com. Reg. No.: |
55-125613 |
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Capital
Investment / Paid-up Capital : |
Rs. 29.000 Million |
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CIN No.: [Company Identification
No.] |
U15312DL2004PLC125613 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCR7125A |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacturing and exports of Basmati Rice. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2100000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Management has failed to file latest financials of FY14, with the statutory
authorities. As per available, trade relations are fair. Business is active.
Payment terms are reported as slow but 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 |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Cash Credit Limits = BBB- |
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Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
September, 2014 |
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Rating Agency Name |
ICRA |
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Rating |
Export packing credit = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
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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.
INFORMATION DENIED BY
|
Name : |
Mr. Vishal Agarwal |
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Designation : |
Head Office |
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Contact No.: |
91-184-2220674 |
|
Date : |
20.03.2015 |
LOCATIONS
|
Registered Office : |
A/3 - 214, Sector-17, Rohini, New Delhi-110085, India |
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Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Factory 1 and Head Office : |
G. T. Road, Near Village Daha, Karnal – 132001, Haryana, India |
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Tel. No.: |
91-184-2220674/ 2203015 |
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Fax No.: |
91-184-2220474 |
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Factory 2: |
Village Hemda, Main Kaithal Road, Karnal-132001, Haryana, India |
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Saudi Arabia Office |
AI Sulay _Ibn AI Ameed St. P.O. Box: 2958, Riyadh-11461 K.S.A. |
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Tel. No.: |
966-01-2703163, 2420781 |
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Fax No.: |
966-01-4713052 |
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Dubai Office: |
203, AI Hashmi Building, P.O. Box: 34636,Alras,Deira,Dubai (U.A.E.) |
DIRECTORS
As on: 28.09.2013
|
Name : |
Mr. Naresh Kumar |
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Designation : |
Whole-Time Director |
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Address : |
House No. 1305, Sector - 07, UE, Karnal - 132001, Haryana, India |
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Date of Birth/Age : |
16.12.1960 |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
ACQPS6577E |
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DIN No.: |
01671971 |
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Other Directorship:
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Name : |
Mr. Suresh Kumar |
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Designation : |
Managing Director |
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Address : |
H. No. 1240, Sector-7, U.E., Karnal - 132001, Haryana, India |
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Date of Birth/Age : |
13.04.1963 |
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Date of Appointment : |
01.04.2013 |
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PAN No.: |
AEZPS2611A |
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DIN No.: |
01672000 |
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Other Directorship:
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Name : |
Mr. Pramod Kumar |
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Designation : |
Whole-Time Director |
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Address : |
H. No. 1240, Sector-7, U.E., Karnal - 132001, Haryana, India |
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Date of Birth/Age : |
10.04.1964 |
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Date of Appointment : |
01.04.2013 |
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DIN No.: |
06519004 |
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KEY EXECUTIVES
|
Name : |
Mr. Vishal Agarwal |
|
Designation : |
Head Office |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Naresh Kumar |
|
775000 |
|
Suresh Kumar |
|
775000 |
|
Sunar Foods Private Limited, India |
|
500000 |
|
Satkar Agro-Tech Private Limited, India |
|
500000 |
|
Rajender Kumar |
|
10 |
|
Ajay Kumar |
|
10 |
|
Amit Singla |
|
10 |
|
Acer Foods Private Limited, India |
|
350000 |
|
Total |
|
2900030 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2013
|
Category |
Percentage |
|
Bodies corporate |
46.55 |
|
Directors or relatives of Directors |
53.45 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing and exports of Basmati Rice. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
Note: Long-term
Borrowings: Term Loan from Bank amounting to Rs 39.774 Million (PY Rs. 67.637 Millions) is secured against first charge on all the fixed assets of the Company including equitable mortgages of the specific properties in the name of the company, second charge by the way hypothecation of the entire current assets of the company both present and future and personal guarantee by Directors/Family members, charge on specific immovable properties pertaining to directors. Term Loan of Rs 24.896 Million (PY Rs.38.476 Million) are falling due for repayment within one year. Vehicle Loan from banks amounting to Rs. 4.661 Million (PY Rs 4.765 Million) is secured against hypothecation of specified vehicles of the Company. Short-term
borrowings: Working Capital loan of Rs. 2312.897 Million (PY Rs.
1616.327 Million) secured against entire current assets of the company
including Raw Material, Stores, Stock in Process, Finished Goods and Book
Debts etc. both present and future on First Charge including equitable
mortgages of the specific properties in the name of the company and personal
guarantee of directors and specific properties pertaining to the directors. |
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Auditors : |
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Name : |
Tarun Batra and Company Chartered Accountants |
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Address : |
1085, Sector 6, Urban Estate, Karnal-132001, Haryana, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABQPB7035F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives: |
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CAPITAL STRUCTURE
After on
28.09.2013
Authorized Capital: Rs. 50.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 41.000 Million
As on 31.03.2013
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Million |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,900,030 |
Equity Shares |
Rs.10/- each |
Rs. 29.000 Million |
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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 |
29.000 |
25.500 |
20.000 |
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(b) Reserves & Surplus |
704.727 |
533.862 |
361.540 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
733.727 |
559.362 |
381.540 |
|
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(3)
Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
275.094 |
119.287 |
123.068 |
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(b) Deferred tax liabilities (Net) |
26.060 |
16.631 |
10.975 |
|
(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) |
301.154 |
135.918 |
134.043 |
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2312.898 |
1616.327 |
1119.488 |
|
(b) Trade
payables |
218.533 |
213.976 |
251.042 |
|
(c) Other
current liabilities |
82.753 |
20.940 |
31.715 |
|
(d) Short-term
provisions |
17.755 |
14.124 |
11.323 |
|
Total Current
Liabilities (4) |
2631.939 |
1865.367 |
1413.568 |
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TOTAL |
3666.820 |
2560.647 |
1929.151 |
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
215.972 |
166.453 |
123.521 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
7.247 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.355 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.000 |
2.034 |
1.607 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
225.219 |
168.487 |
125.483 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
3021.172 |
1940.678 |
1491.711 |
|
(c) Trade
receivables |
397.945 |
421.893 |
288.808 |
|
(d) Cash
and cash equivalents |
11.746 |
6.903 |
6.829 |
|
(e)
Short-term loans and advances |
5.366 |
15.409 |
6.519 |
|
(f) Other
current assets |
5.372 |
7.277 |
9.801 |
|
Total
Current Assets |
3441.601 |
2392.160 |
1803.668 |
|
|
|
|
|
|
TOTAL |
3666.820 |
2560.647 |
1929.151 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
5585.027 |
3573.751 |
2420.195 |
|
|
|
Other Income |
3.056 |
0.074 |
0.150 |
|
|
|
TOTAL (A) |
5588.083 |
3573.825 |
2420.345 |
|
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|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
5634.344 |
3321.360 |
2269.913 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(731.343) |
(309.210) |
(220.265) |
|
|
|
Employees benefits expense |
13.015 |
22.442 |
17.590 |
|
|
|
Other expenses |
216.969 |
178.527 |
121.855 |
|
|
|
TOTAL
(B) |
5132.985 |
3213.119 |
2189.093 |
|
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
455.098 |
360.706 |
231.252 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
304.163 |
256.653 |
166.222 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
150.935 |
104.053 |
65.030 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.712 |
8.969 |
6.830 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
139.223 |
95.084 |
58.200 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
34.863 |
27.263 |
14.365 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
104.360 |
67.821 |
43.835 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
35.99 |
26.6 |
21.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.87 |
1.90 |
1.81 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.15 |
10.09 |
9.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.80 |
3.71 |
3.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.17 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.53 |
3.10 |
3.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.28 |
1.28 |
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 |
20.000 |
25.500 |
29.000 |
|
Reserves & Surplus |
361.540 |
533.862 |
704.727 |
|
Net worth |
381.540 |
559.362 |
733.727 |
|
|
|
|
|
|
long-term borrowings |
123.068 |
119.287 |
275.094 |
|
Short term borrowings |
1119.488 |
1616.327 |
2312.898 |
|
Total borrowings |
1242.556 |
1735.614 |
2587.992 |
|
Debt/Equity ratio |
3.257 |
3.103 |
3.527 |
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) |
|
Revenue from Operations |
2420.195 |
3573.751 |
5585.027 |
|
|
|
47.664 |
56.279 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
2420.195 |
3573.751 |
5585.027 |
|
Profit |
43.835 |
67.821 |
104.360 |
|
|
1.81% |
1.90% |
1.87% |
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 |
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Note: Registered Office
of the company has been shifted from “E 1/9/8, MIG Flat, 3rd Floor, Sector 15,
Rohini, New Delhi, India” to the present address w.e.f. 03.03.2008.
FINANCIAL SNAPSHOTS:
The Company achieves newer heights in the financial year. The total turnover and profit before tax are highest ever in the history of the company. The Gross Sales and other income for the financial year are Rs. 5588.100 Million as against Rs. 3573.800 Million for the previous financial year registering an increase of 56.36%. The Profit before Tax is Rs. 139.200 Million for the financial year as against Rs.95.100 Million for the previous year. Profit before tax improved by 46% and Earnings before interest depreciation and tax (EBIDTA) of the company also increase by 26.62%. The Company has grown rapidly in the last few years. Behind this exponential growth is the sheer strength of professionalism. In spite of its success and continuing expansion, the company remains a lean, flat organization and one of the very few professionally managed rice entities in India. Each department is manned by seasoned handpicked experts, who are encouraged to follow a proactive and independent approach. Using contemporary management tools, different function liaise closely to achieve optimal efficiency, higher productivity, faster communication and lower cost. Adopting and absorbing the latest technology and management technique, establishing a family bond with farmers, building concrete bonds with clients for long-term business relationships are few of the factors that have fetched the company a high-profile status
EXPANSION AND FUTURE
PLANS
The company has registered impressive growth in the current year and the positive results of expansion will continue to show in the next and following years. The Company is presently dealing in Basmati Rice, which are exported Middle East, European countries and United States of America. The company is in continuous process of exploring new international markets as well as increasing domestic network to increase its share in export as well as in domestic markets.
UNSECURED LOAN
|
Particular |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
230.660 |
46.885 |
|
|
|
|
|
Total |
230.660 |
46.885 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10553411 |
21/02/2015 |
100,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MARVEL TOWER, KARNAL - 132001, HARYANA, INDIA |
C45778610 |
|
2 |
10466133 |
21/02/2015 * |
126,800,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MARVEL TOWER, KARNAL - 132001, HARYANA, INDIA |
C45777687 |
|
3 |
10459315 |
13/11/2014 * |
3,179,900,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MARVEL TOWER, KARNAL, HARYANA - |
C36315208 |
|
4 |
10390720 |
30/12/2013 * |
500,000,000.00 |
UNION BANK OF INDIA |
AMBEDKAR CHOWK, G.T. ROAD, KARNAL - 132001, HARYANA, INDIA |
B94762713 |
|
5 |
10386817 |
15/03/2014 * |
330,000,000.00 |
CENTRAL BANK OF INDIA |
G.T. ROAD, KARNAL - 132001, HARYANA, INDIA |
C00447136 |
|
6 |
10323270 |
24/01/2014 * |
600,000,000.00 |
CANARA BANK |
SECTOR-12, KARNAL - 132001, HARYANA, INDIA |
B96860820 |
|
7 |
10310469 |
21/02/2015 * |
139,900,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MARVEL TOWER, KARNAL - 132001, HARYANA, INDIA |
C45774577 |
|
8 |
10310436 |
21/02/2015 * |
1,370,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, MARVEL TOWER, KARNAL - 132001, HARYANA, INDIA |
C45775384 |
|
9 |
10310034 |
27/12/2013 * |
340,000,000.00 |
CORPORATION BANK |
MEHFIL BUILDING, OPPOSITES OLD TEHSIL, OLD G.T. ROAD, KARNAL - 132001, HARYANA, INDIA |
B92893304 |
|
10 |
10255938 |
21/11/2013 * |
23,000,000.00 |
STATE BANK OF INDIA |
SPECIALISED COMMERCIAL BRANCH, AMEBDKAR CHOWK, KARNAL - 132001, HARYANA, INDIA |
B91946988 |
* Date of charge modification
FIXED ASSETS:
- Land
- Factory Building
- Plant and Machinery
- Furniture and Fixture
- Vehicles
- Office Equipments
- Computer
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.62.29 |
|
|
1 |
Rs.93.02 |
|
Euro |
1 |
Rs.67.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
42 |
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.