MIRA INFORM REPORT
|
Report No. : |
322402 |
|
Report Date : |
18.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SPACK
AUTOMOTIVES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, 45, Okhla Industrial Estate, New Delhi- 110020 |
|
Tel No : |
91-11-41058130 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.03.1991 |
|
|
|
|
Com. Reg. No.: |
55-043570 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 62.844 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34101DL1991PTC043570 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS13393C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD0814C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Supply automatic Parts and automatic accessories |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRAs Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is well established company having Good track. Company have maintain growth in sales turnover during the year ended
2014, company has achieve Rs.2295.200 Million sales turnover and reported approx.
8% top line growth. Profitability margin of the company stood at 2.45%. Rating also tack into Consideration Companys decent financial base
backed by its healthy net worth base and adequate liquidity profile of the
company. Trade relation are fair. Business is active. Payments terms are
reported regular as per committed. In a view decent financial base the company can be considered for the
business dealings at usual trade terms and conditions. |
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
Subjects name is not enlisted as a defaulter in
the publicly available RBI Defaulters list.
EPF (Employee Provident Fund) DEFAULTERS LIST STATUS
Subjects name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters list as of
31-03-2014.
INFORMATION DENIED
(91-120-2561514/ 2560880)
LOCATIONS
|
Registered Office : |
2nd Floor, 45, Okhla Industrial Estate, New Delhi- 110020, India |
|
Tel. No.: |
91-11-41058130 |
|
Fax No.: |
91-11-41058133 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Main Works and Office: |
Kasna Road, Village Surajpur, Greater Noida- 201306, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-2560880/ 2560103-6 |
|
Fax No.: |
91-120-2560881 |
|
Website : |
DIRECTORS
As on: 29.09.2014
|
Name : |
Subhash Chopra |
|
Designation : |
Director |
|
Address : |
146, Sunder Nagar, New Delhi-110020, India |
|
Date of Birth/Age : |
04.05.1945 |
|
Date of Appointment : |
26.02.1996 |
|
DIN No.: |
00280994 |
|
PAN No.: |
AGPC7289R |
|
|
|
|
Name : |
Sarvjit Grewal |
|
Designation : |
Managing Director |
|
Address : |
A 23, 2nd Floor, Hauz
Khas, New Delhi- 110016, India |
|
Date of Birth/Age : |
28.02.1950 |
|
Date of Appointment : |
26.02.1996 |
|
DIN No.: |
00292427 |
|
|
|
|
Name : |
Esha Chopra |
|
Designation : |
Director |
|
Address : |
146, Sunder Nagar, New Delhi- 110020, India |
|
Date of Birth/Age : |
12.06.1947 |
|
Date of Appointment : |
30.06.2006 |
|
DIN No.: |
00281138 |
|
PAN No.: |
AAFPC3616B |
|
|
|
|
Name : |
Nandita Aman Chopra |
|
Designation : |
Director |
|
Address : |
N -20, 1st Floor, Panchsheel Park, New Delhi 110017,
India |
|
Date of Birth/Age : |
10.01.1974 |
|
Date of Appointment : |
30.06.2006 |
|
DIN No.: |
00281224 |
|
|
|
|
Name : |
Vaishal Vaishnav Puri |
|
Designation : |
Director |
|
Address : |
Vaishno Kunj, 122, Gulmahar Cross Road, Juhu Vile Parle West, Mumbai
- 400049, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1975 |
|
Date of Appointment : |
26.09.2009 |
|
DIN No.: |
|
|
|
|
|
Name : |
Aman Chopra |
|
Designation : |
Director |
|
Address : |
N -20, 1st Floor, Panchsheel Park, New Delhi 110017,
India |
|
Date of Birth/Age : |
02.09.1971 |
|
Date of Appointment : |
01.10.2012 |
|
DIN No.: |
00131213 |
|
PAN No.: |
AADPC6690F |
KEY EXECUTIVES
|
Name : |
Smeeksha Dwivedi |
|
Designation : |
Secretary |
|
Address : |
S 73, School Block, Shakarpur, Delhi - 110092, Delhi, India |
|
Date of Birth/Age : |
17.03.1988 |
|
Date of Appointment : |
01.08.2013 |
|
PAN No.: |
AQGPD0780L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Mr. Jug Mohan Kapur |
40000 |
|
Sumish Finance and Investment Company Private Limited |
30010 |
|
Mr. Subhash Chopra |
1901277 |
|
Mrs. Esha Chopra |
1115000 |
|
Mr. Aman Chopra |
1766023 |
|
Jug Mohan Kapur (HUF) |
29990 |
|
ASU Traders Private Limited |
100000 |
|
Daewoo Motors India Ltd. |
1300000 |
|
Mrs. Nandita Aman Chopra |
1000 |
|
Mr. Vishal Vaishnav Puri |
1000 |
|
Mr. Vijay Singh Deo |
100 |
|
Total |
6284400 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
22.75 |
|
Directors or relatives of Directors |
76.77 |
|
Other top fifty shareholders |
0.48 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supply automatic Parts and automatic accessories |
|
|
|
|
Products : |
Not Divulged |
|
|
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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|
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
HDFC BANK LIMITED, HDFC Bank Housesenapati Bapat Marg, Lower Parel
West, Mumbai - 400013, Maharashtra, INDIA Can Bank Factors Limited, No.1, DDA Building, First Floor, Nehru
Place, New Delhi - 110019, Delhi, INDIA Oriental Bank of Commerce , A- Block, Connaught Place, New Delhi
110001, Delhi, India ABN Amro Bank N.V., Hansalaya Building, 15, Barakhamba Road, New Delhi
110001, Delhi, INdia |
||||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
S. P. Puri and Company Chartered Accountant |
|
Address : |
4/18, Asaf Ali road, India |
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PAN No.: |
AACFS2752D |
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|
|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Other : |
Siya Automotives limited |
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Key Management
Personnel : |
|
CAPITAL STRUCTURE
After : 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4924400 |
Equity Shares |
Rs.10/- each |
Rs. 49.244
Million |
|
|
|
|
|
As on: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6284400 |
Equity Shares |
Rs.10/- each |
Rs. 62.844
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 |
62.844 |
62.844 |
62.844 |
|
(b) Reserves & Surplus |
391.173 |
334.853 |
239.905 |
|
(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) |
454.017 |
397.697 |
302.749 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11.242 |
32.742 |
45.302 |
|
(b) Deferred tax liabilities (Net) |
14.536 |
18.331 |
20.677 |
|
(c) Other long term
liabilities |
0.395 |
0.375 |
0.375 |
|
(d) long-term
provisions |
22.587 |
13.710 |
9.708 |
|
Total Non-current
Liabilities (3) |
48.760 |
65.158 |
76.062 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
85.215 |
101.679 |
119.865 |
|
(b) Trade
payables |
506.088 |
438.965 |
404.015 |
|
(c) Other
current liabilities |
64.147 |
68.297 |
59.966 |
|
(d) Short-term
provisions |
22.595 |
15.309 |
16.048 |
|
Total Current
Liabilities (4) |
678.045 |
624.250 |
599.894 |
|
|
|
|
|
|
TOTAL |
1180.822 |
1087.105 |
978.705 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
362.714 |
361.218 |
336.434 |
|
(ii)
Intangible Assets |
7.746 |
5.300 |
4.533 |
|
(iii)
Capital work-in-progress |
11.432 |
2.370 |
11.969 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
16.433 |
19.120 |
14.347 |
|
(e) Other
Non-current assets |
0.008 |
0.007 |
0.007 |
|
Total Non-Current
Assets |
398.333 |
388.015 |
367.290 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
125.059 |
107.195 |
100.495 |
|
(c) Trade
receivables |
499.959 |
473.563 |
410.756 |
|
(d) Cash
and cash equivalents |
55.994 |
28.199 |
43.062 |
|
(e)
Short-term loans and advances |
73.332 |
84.717 |
43.059 |
|
(f) Other
current assets |
28.145 |
5.416 |
14.043 |
|
Total
Current Assets |
782.489 |
699.090 |
611.415 |
|
|
|
|
|
|
TOTAL |
1180.822 |
1087.105 |
978.705 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
Sales and Other Income |
2295.233 |
2125.263 |
1654.181 |
|
|
|
|
TOTAL |
2295.233 |
2125.263 |
1654.181 |
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
2155.244 |
1927.470 |
1526.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
139.989 |
197.793 |
127.581 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES/ DEPRECIATION |
55.665 |
54.674 |
58.862 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
84.324 |
143.119 |
68.719 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
28.005 |
48.172 |
22.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
56.319 |
94.947 |
46.319 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.96 |
15.11 |
7.37 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.45 |
4.47 |
2.80 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
6.10 |
9.31 |
7.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.21 |
13.19 |
7.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.36 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.21 |
0.34 |
0.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.12 |
1.02 |
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 |
62.844 |
62.844 |
62.844 |
|
Reserves & Surplus |
239.905 |
334.853 |
391.173 |
|
Net
worth |
302.749 |
397.697 |
454.017 |
|
|
|
|
|
|
long-term borrowings |
45.302 |
32.742 |
11.242 |
|
Short term borrowings |
119.865 |
101.679 |
85.215 |
|
Total
borrowings |
165.167 |
134.421 |
96.457 |
|
Debt/Equity
ratio |
0.546 |
0.338 |
0.212 |
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 |
1654.181 |
2125.263 |
2295.233 |
|
|
|
28.478 |
7.998 |
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 |
1654.181 |
2125.263 |
2295.233 |
|
Profit |
46.319 |
94.947 |
56.319 |
|
|
2.80% |
4.47% |
2.45% |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
OPERATIONS:
During the
financial year ended 31st March 2014 under review, the Company
achieved a total turnover of Rs. 2295.200 Million, as against Rs. 2125.300
Million, in the previous financial year ended 31st March 2013.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10408379 |
31/01/2015 * |
315,200,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C46302030 |
|
2 |
10408376 |
18/02/2013 |
86,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B69746998 |
|
3 |
10384581 |
25/10/2012 |
86,300,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B61418133 |
|
4 |
10283230 |
31/01/2015 * |
315,200,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C46303020 |
|
5 |
10117953 |
01/08/2008 |
122,500,000.00 |
HDFC BANK LIMITED |
M-39, CANNAUGHT CIRCUS, OUTER CIRCLE, OPP SUPER B |
A43977057 |
|
6 |
10040603 |
31/01/2015 * |
315,200,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C44745560 |
* 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 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 Intl
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 companys management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.57 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KSP |
|
|
|
|
Report Prepared
by : |
DDD |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
This score serves as a reference to assess SCs
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.