MIRA INFORM REPORT
|
Report No. : |
319494 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SMC POWER
GENERATION LIMITED |
|
|
|
|
Registered
Office : |
E – 13/29, Harsha Bhawan 2nd Floor, Middle Circle, Connaught
Place, New Delhi – 110001, Delhi, |
|
Tel No : |
91-11-41517501 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.11.2000 |
|
|
|
|
Com. Reg. No.: |
55-108467 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 300.040 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL2000PLC108467 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS3066B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is to purchase, hire, rent, lease on contract or acquire in exchange
or in amalgamations, licences or otherwise solely or jointly with other all
such equipment, structures, cranes, vehicles and such other related
equipments, requires for the purpose of the main business of the Company. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profit margin of the company is low. However, net worth of the company
is healthy. General financial position of the company is normal and
acceptable for business dealing. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but 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 |
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
31-03-2014.
LOCATIONS
|
Registered
Office/ Corporate Office : |
E – 13/29, Harsha Bhawan 2nd Floor, Middle Circle,
Connaught Place, New Delhi – 110001, Delhi,
India |
|
Tel. No.: |
91-11-41517501 |
|
Fax No.: |
91-11-41517516 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Village Hirma, Dist-
Jharsuguda- 768202, Orissa, India |
|
E-Mail : |
DIRECTORS
As on: 30.09.2014
|
Name : |
Moolchand Aggarwal |
|
Designation : |
Chairman |
|
Address : |
B – 42, Greater Kailash Apartment – 1, New Delhi- 110048, Delhi, India |
|
Date of Birth/Age : |
24.11.1956 |
|
Date of Appointment : |
09.11.2000 |
|
DIN No.: |
00002202 |
|
PAN No.: |
AAMPA4753E |
|
|
|
|
Name : |
Sandeep Aggarwal |
|
Designation : |
Whole Time Director |
|
Address : |
B – 224, Greater Kailash Apartment – 1, New Delhi- 110048, Delhi,
India |
|
Date of Birth/Age : |
11.11.1972 |
|
Date of Appointment : |
09.11.2000 |
|
DIN No.: |
00002205 |
|
PAN No.: |
AAMPA4756B |
|
|
|
|
Name : |
Anurag Aggarwal |
|
Designation : |
Whole Time Director |
|
Address : |
B – 42, Greater Kailash Apartment – 1, New Delhi- 110048, Delhi ,India |
|
Date of Birth/Age : |
01.11.1980 |
|
Date of Appointment : |
08.09.2005 |
|
DIN No.: |
00002214 |
|
PAN No.: |
ABMPA7958G |
|
|
|
|
Name : |
Subash Chand Aggarwal |
|
Designation : |
Director |
|
Address : |
2/ 1425, White house, Delhi Road, Saharanpur- 247001, U.P., India |
|
Date of Birth/Age : |
06.04.1948 |
|
Date of Appointment : |
29.12.2005 |
|
DIN No.: |
00002215 |
|
|
|
|
Name : |
Chander Aggarwal |
|
Designation : |
Director |
|
Address : |
2/ 1425, White house, Delhi Road, Saharanpur- 247001, U.P., India |
|
Date of Birth/Age : |
05.12.1962 |
|
Date of Appointment : |
05.05.2007 |
|
DIN No.: |
00002217 |
|
PAN No.: |
ABPPA7163G |
|
|
|
|
Name : |
Dinesh Singh |
|
Designation : |
Whole Time Director |
|
Address : |
25, Bazar Lane, Bengali market, New Delhi – 110001, Delhi, India |
|
Date of Birth/Age : |
10.03.1952 |
|
Date of Appointment : |
03.03.2014 |
|
DIN No.: |
01181356 |
|
|
|
|
Name : |
Mahesh Gupta |
|
Designation : |
Director |
|
Address : |
85, New Rajdhani, Enclave, Delhi, Delhi 110092, India |
|
Date of Birth/Age : |
28.07.1961 |
|
Date of Appointment : |
07.04.2014 |
|
DIN No.: |
00420457 |
KEY EXECUTIVES
|
Name : |
Sanjana Tandon |
|
Designation : |
Secretary |
|
Date of Appointment : |
07.08.2014 |
|
PAN No.: |
APGPD5527C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Moolchand Aggarwal |
3290000 |
|
Sandeep Aggarwal |
2204000 |
|
Anurag Aggarwal |
4000000 |
|
Subash Chand Aggarwal |
1470000 |
|
CP Aggarwal |
4700000 |
|
Sanjay Aggarwal |
1300000 |
|
Mithlesh Aggarwal |
2250000 |
|
Shweta Aggarwal |
800000 |
|
Aggarwal Zarda Factory private limited |
1500000 |
|
Anant Aggarwal |
400000 |
|
Aparna Aggarwal |
100000 |
|
CP Aggarwal & Sons |
2000000 |
|
Luxmi Aggarwal |
1500000 |
|
SC Aggarwal & Sons |
1050000 |
|
Sandeep Aggarwal & Sons |
600000 |
|
Sanjay Aggarwal & Sons |
300000 |
|
Shankutla Devi |
200000 |
|
Sushila Rani |
500000 |
|
Subhra Aggarwal |
400000 |
|
Creamy Foods Limited |
1000000 |
|
Akshay Aggarwal |
370000 |
|
Shaily Aggarwal |
70000 |
|
Total |
30004000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
8.33 |
|
Directors or relatives of Directors |
91.67 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is to purchase, hire, rent, lease on contract or acquire in exchange
or in amalgamations, licences or otherwise solely or jointly with other all
such equipment, structures, cranes, vehicles and such other related
equipments, requires for the purpose of the main business of the Company. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
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 : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
K.G. Somani and Company Chartered Accountant |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36000000 |
Equity Shares |
Rs.10/- each |
Rs. 360.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30004000 |
Equity Shares |
Rs.10/- each |
Rs. 300.040
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 |
300.040 |
296.040 |
296.040 |
|
(b) Reserves & Surplus |
1472.569 |
1434.270 |
1424.101 |
|
(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) |
1772.609 |
1730.310 |
1720.141 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1691.548 |
1811.314 |
1717.872 |
|
(b) Deferred tax liabilities (Net) |
355.308 |
345.715 |
338.541 |
|
(c) Other long term
liabilities |
4.582 |
5.798 |
4.582 |
|
(d) long-term
provisions |
11.894 |
11.161 |
8.561 |
|
Total Non-current
Liabilities (3) |
2063.332 |
2173.988 |
2069.556 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
658.532 |
538.352 |
616.297 |
|
(b) Trade
payables |
13.956 |
17.167 |
46.341 |
|
(c) Other
current liabilities |
300.822 |
274.931 |
329.456 |
|
(d) Short-term
provisions |
0.518 |
0.361 |
0.258 |
|
Total Current
Liabilities (4) |
973.828 |
830.811 |
992.352 |
|
|
|
|
|
|
TOTAL |
4809.769 |
4735.109 |
4782.049 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3431.303 |
3348.240 |
2744.807 |
|
(ii)
Intangible Assets |
2.043 |
2.647 |
1.882 |
|
(iii)
Capital work-in-progress |
0.000 |
133.043 |
862.849 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.054 |
0.051 |
0.026 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
215.226 |
193.627 |
172.332 |
|
(e) Other
Non-current assets |
0.000 |
0.729 |
0.229 |
|
Total Non-Current
Assets |
3648.626 |
3678.337 |
3782.125 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
607.992 |
605.885 |
520.476 |
|
(c) Trade
receivables |
183.829 |
244.634 |
132.996 |
|
(d) Cash
and cash equivalents |
45.290 |
43.900 |
162.303 |
|
(e)
Short-term loans and advances |
320.539 |
160.557 |
184.122 |
|
(f) Other
current assets |
3.493 |
1.796 |
0.027 |
|
Total Current
Assets |
1161.143 |
1056.772 |
999.924 |
|
|
|
|
|
|
TOTAL |
4809.769 |
4735.109 |
4782.049 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3077.906 |
2979.224 |
2914.155 |
|
|
|
Other Income |
353.036 |
369.161 |
257.683 |
|
|
|
TOTAL |
3430.942 |
3348.385 |
3171.838 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
2,415.410 |
2552.394 |
2350.120 |
|
|
|
Extraordinary Items |
0.052 |
2.020 |
0.791 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.893) |
(135.514) |
28.052 |
|
|
|
Employees benefits expense |
231.392 |
209.361 |
174.369 |
|
|
|
Other expenses |
295.476 |
231.243 |
251.454 |
|
|
|
TOTAL |
2932.437 |
2859.504 |
2804.786 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
498.505 |
488.881 |
367.052 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
282.636 |
286.302 |
184.167 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
215.869 |
202.579 |
182.885 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
187.882 |
185.193 |
150.143 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
27.987 |
17.386 |
32.742 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.688 |
7.216 |
11.132 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
18.299 |
10.170 |
21.610 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.61 |
0.34 |
0.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.48 |
0.27 |
62.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
14.52 |
14.60 |
11.57 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.58 |
0.36 |
0.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.33 |
1.36 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.27 |
1.01 |
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 |
296.040 |
296.040 |
300.040 |
|
Reserves & Surplus |
1424.101 |
1434.270 |
1472.569 |
|
Net
worth |
1720.141 |
1730.310 |
1772.609 |
|
|
|
|
|
|
long-term borrowings |
1717.872 |
1811.314 |
1691.548 |
|
Short term borrowings |
616.297 |
538.352 |
658.532 |
|
Total
borrowings |
2334.169 |
2349.666 |
2350.080 |
|
Debt/Equity
ratio |
1.357 |
1.358 |
1.326 |
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) |
|
Sales |
3171.838 |
3348.385 |
3430.942 |
|
|
|
5.566 |
2.466 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
3171.838 |
3348.385 |
3430.942 |
|
Profit |
21.610 |
10.170 |
18.299 |
|
|
0.68% |
0.30% |
0.53% |
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 |
No |
|
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 |
No |
PERFORMANCE REVIEW:
During the year where the cost of input
material decreased, but the finance cost seems to remain the same, the
resulting price of finished goods remain under pressure and seems very less
increment. Due to all these factors the demand of finished product seems less
which leads to moderate rise in the operating margin and due to which the net
profit of the company shows a mild change. During the year company achieved
total revenue of Rs. 3799.900 Million as compared to Rs. 3715.100 Million in
the previous year and the PAT increases to Rs. 18.200 Million as compare to Rs.
10.100 Million of the previous year.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and Advances from Related Parties |
559.741 |
677.219 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10555994 |
10/03/2015 |
70,000,000.00 |
Bank of Baroda |
16, Parliament Street,, New Delhi, Delhi - 110001, |
C47238951 |
|
2 |
10461809 |
16/11/2013 |
22,500,000.00 |
Bank of Baroda |
16, Parliament Street, New Delhi, Delhi - 110001, |
B90179474 |
|
3 |
10461813 |
16/11/2013 |
80,000,000.00 |
Bank of Baroda |
16, Parliament Street, New Delhi, Delhi - 110001, |
B90181017 |
|
4 |
10238838 |
21/08/2010 |
500,000,000.00 |
PUNJAB NATIONAL BANK |
SME CHURCH COMPUND, BAJORIA MARG, SAHARANPUR, UTT |
A94293073 |
|
5 |
10134772 |
04/03/2015 * |
800,000,000.00 |
Bank of Baroda |
16, Parliament Street,, New Delhi, Delhi - 110001, |
C47238050 |
|
6 |
10079281 |
27/06/2008 * |
80,500,000.00 |
VIJAYA BANK |
17,BARAKHAMBA ROAD, NEW DELHI, NEW DELHI, Delhi - |
A41788514 |
|
7 |
80019606 |
06/08/2014 * |
1,297,200,000.00 |
Bank of Baroda |
16, Parliament Street,, New Delhi, Delhi - 110001, |
C17880634 |
|
8 |
90050295 |
14/12/2007 * |
170,000,000.00 |
BANK BANK OF BARODA ( LEAD BANK) |
PARLIAMENT STREET, NEW DELHI, Delhi - 110001, INDI |
A29635364 |
* Date of charge modification
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.04 |
|
|
1 |
Rs.99.03 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DDD |
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
44 |
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
unfavorable 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.