MIRA INFORM REPORT
|
Report No. : |
322712 |
|
Report Date : |
18.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
POWER ENGINEERING (INDIA) PRIVATE LIMITED (w.e.f. 03.01.2007) |
|
|
|
|
Formerly Known As : |
CONSOLIDATED POWER TECHNIQUES LIMITED |
|
|
|
|
Registered
Office : |
58/A, Tuem Industrial Estate, Tuem, Pedne – 403512, |
|
Tel No. : |
91-832-2201688 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
06.11.1996 |
|
|
|
|
Com. Reg. No.: |
24-002221 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.59.202 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31101GA1996PTC002221 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRP07327F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC2414P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is engaged in the business of manufacturing power generator sets and related services. |
|
|
|
|
No. of Employees
: |
450 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track. Management has reported dip in its sales volume as well as recorded
operational loss during FY2013, against previous year profit. The rating also takes into account high working capital requirements,
resulting in increased reliance on short term borrowings. Moreover, intense competitive pressure from both organized and
unorganized players and high concentration risk should be taken into account. However, business is active. Payment terms are slow. In the view of long standing experience of the promoters, subject can
be considered for business dealings with great caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits = “C” |
|
Rating Explanation |
Very high risk of default |
|
Date |
October 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-Fund based limits = “A4” |
|
Rating Explanation |
Minimal degree of safety and carry very high credit risk. |
|
Date |
October 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Orlene |
|
Designation : |
HR Head |
|
Contact No.: |
91-832-3061067 |
|
Date : |
15.05.2015 |
LOCATIONS
|
Registered Office / Factory : |
58/A, Tuem Industrial Estate, Tuem, Pedne – 403512, |
|
Tel. No.: |
91-832-3292841/ 3061000/3061067 |
|
Fax No.: |
91-832-2201688 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Marketing Office : |
Located at
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Atul Devidas Pai Kane |
|
Designation : |
Managing director |
|
Address : |
274/A, Satyam, |
|
Date of Birth/Age : |
07.03.1969 |
|
Date of Appointment : |
06.11.1996 |
|
PAN No.: |
AEYPK0025K |
|
DIN No.: |
00453585 |
|
Name : |
Mr. Sunil Manohar Pai Kane |
|
Designation : |
Whole-time director |
|
Address : |
Bungalow No.1, Bhobe Resudency, Green Valley, Off Chogm Road, Alto
Porvorim -403521, Bardez, Goa, India |
|
Date of Birth/Age : |
16.12.1971 |
|
Date of Appointment : |
23.10.2006 |
|
PAN No.: |
AVTPP5590N |
|
DIN No.: |
01618399 |
|
Name : |
Mrs. Gaurapriya Atul Pai Kane |
|
Designation : |
Director |
|
Address : |
274/A, Satyam, |
|
Date of Birth/Age : |
31.10.1968 |
|
Date of Appointment : |
06.03.2009 |
|
PAN No.: |
AEYPK0026L |
|
DIN No.: |
00453780 |
|
Name : |
Mr. Jose Jerowimo Domingos
Fernandes |
|
Designation : |
Director |
|
Address : |
H. NO.503, Ruzail Vaddo, Santa Cruz,
Ilhas-403505, Goa, India |
|
Date of Birth/Age : |
29.05.1970 |
|
Date of Appointment : |
15.12.2012 |
|
PAN No.: |
AAJPF9391G |
|
DIN No.: |
02168952 |
KEY EXECUTIVES
|
Name : |
Ms. Orlene |
|
Designation : |
HR Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Gaurapriya Atul Pai Kane |
2786507 |
47.07 |
|
Creative Manufacturing Solutions (India) Private Limited, India |
1559980 |
26.35 |
|
Acoustic Components Private Limited, India |
485206 |
8.20 |
|
Manohar Gopalkrishna Pai Kane |
1088533 |
18.39 |
|
|
|
|
|
Total |
5920226 |
100.00 |
%20PRIVATE%20LIMITED%20-%20322712_MIRA%2018-May-2015_files/image013.gif)
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
34.54 |
|
Directors or relatives of Directors |
65.46 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the business of manufacturing power generator sets and related services. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
|
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No. of Employees : |
450 (Approximately) |
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Bankers : |
·
Canara
Bank, Mathias Plaza Building, Panaji - 403001, Goa, India ·
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg,
Lower Parel (West), Mumbai - 400013, Maharashtra, India ·
The Goa Urban Cooperative Bank Limited, Panaji –
403001, Goa, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
S P Bhandare and Associates Chartered Accountants |
|
Address : |
3/UG-4, Models Residency, State Inez, Panaji - 403001, Goa, India |
|
PAN No.: |
ACFPB1717N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
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Subsidiaries : |
|
|
|
|
|
Enterprises
which are owned, or have
significant influence of or
are partners with Key
management personnel and
their relatives : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,717,538 |
Equity Shares |
Rs.10/- each |
Rs. 77.175 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,920,226 |
Equity Shares |
Rs.10/- each |
Rs. 59.202
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 |
59.202 |
59.202 |
59.2020 |
|
(b) Reserves & Surplus |
96.501 |
172.492 |
98.9490 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.0000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.0000 |
|
Total
Shareholders’ Funds (1) + (2) |
155.703 |
231.694 |
158.1510 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
91.188 |
0.965 |
1.1380 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.0000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.0000 |
|
(d) long-term provisions |
0.967 |
1.677 |
1.5120 |
|
Total
Non-current Liabilities (3) |
92.155 |
2.642 |
2.6500 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
241.402 |
275.527 |
197.1590 |
|
(b) Trade payables |
212.720 |
397.828 |
358.1140 |
|
(c) Other current liabilities |
138.568 |
146.374 |
171.0810 |
|
(d) Short-term provisions |
0.145 |
11.848 |
0.2330 |
|
Total
Current Liabilities (4) |
592.835 |
831.577 |
726.5870 |
|
|
|
|
|
|
TOTAL |
840.693 |
1065.913 |
887.3880 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
50.364 |
57.476 |
64.8460 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.0000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.0000 |
|
(iv) Intangible assets under
development |
0.746 |
0.714 |
0.0000 |
|
(b) Non-current Investments |
17.737 |
17.737 |
51.8920 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.0000 |
|
(d) Long-term Loan and Advances |
11.296 |
9.919 |
12.5550 |
|
(e) Other Non-current assets |
2.443 |
0.000 |
29.2960 |
|
Total
Non-Current Assets |
82.586 |
85.846 |
158.5890 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.0000 |
|
(b) Inventories |
263.492 |
322.487 |
441.3470 |
|
(c) Trade receivables |
220.154 |
315.590 |
108.5360 |
|
(d) Cash and cash equivalents |
29.918 |
67.714 |
24.2260 |
|
(e) Short-term loans and
advances |
232.402 |
231.023 |
151.4140 |
|
(f) Other current assets |
12.141 |
43.253 |
3.2760 |
|
Total
Current Assets |
758.107 |
980.067 |
728.7990 |
|
|
|
|
|
|
TOTAL |
840.693 |
1065.913 |
887.388 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
864.637 |
1381.592 |
1000.125 |
|
|
Other Income |
18.722 |
11.561 |
18.092 |
|
|
TOTAL
|
883.359 |
1393.153 |
1018.217 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
958.782 |
1307.346 |
1152.893 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(75.423) |
85.807 |
(134.676) |
|
|
|
|
|
|
|
Less |
TAX |
0.568 |
12.264 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(75.991) |
73.543 |
(134.676) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
429.399 |
945.05 |
406.265 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(12.83) |
12.42 |
(22.75) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.072 |
2.761 |
3.914 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(8.79) |
5.32 |
(13.47) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(9.17) |
8.19 |
(16.12) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.48) |
0.37 |
(0.85) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.14 |
1.19 |
1.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.18 |
1.00 |
|
|
|
|
|
|
|
Total Liability Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts |
|
1.072 |
2.761 |
3.914 |
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 |
59.202 |
59.202 |
59.202 |
|
Reserves & Surplus |
98.949 |
172.492 |
96.501 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
158.151 |
231.694 |
155.703 |
|
|
|
|
|
|
long-term borrowings |
1.138 |
0.965 |
91.188 |
|
Short term borrowings |
197.159 |
275.527 |
241.402 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
3.914 |
2.761 |
1.072 |
|
Total
borrowings |
199.369 |
279.253 |
336.504 |
|
Debt/Equity
ratio |
1.261 |
1.205 |
2.161 |
%20PRIVATE%20LIMITED%20-%20322712_MIRA%2018-May-2015_files/image015.gif)
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 |
1000.125 |
1381.592 |
864.637 |
|
|
|
38.142 |
(37.417) |
%20PRIVATE%20LIMITED%20-%20322712_MIRA%2018-May-2015_files/image017.gif)
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 |
1000.125 |
1381.592 |
864.637 |
|
Profit |
(134.676) |
73.543 |
(75.991) |
|
|
(13.47%) |
5.32% |
(8.79%) |
%20PRIVATE%20LIMITED%20-%20322712_MIRA%2018-May-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
Registered office of the company has been Shifted Satyampedem road, MApusa, Goa – 403507, India to the present address w.e.f. 21.11.2006
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand from others |
82.311 |
138.604 |
|
|
|
|
|
Total |
82.311 |
138.604 |
OPERATIONS:
The company’s revenues declined by 37% on account of a fall in sales of natural gas gensets. This fall in sales resulted in the company not being able to recover its fixed operating costs thus resulting in a net loss for the year.
The management is making efforts to reduce fixed costs while at the same time direct marketing energies towards profitable segments. These steps are expected to yield positive results in the years ahead.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
ADDRESS |
Service Request
Number (SRN) |
|
1 |
10304025 |
15/07/2011 |
999,054.00 |
SREI Equipment
Finance Private Limited |
'VISHWAKARMA',
86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA |
B19487305 |
|
2 |
10375275 |
23/09/2010 |
32,000,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, 18TH JUNE ROAD, PANAJI, G |
A99232845 |
|
3 |
10243225 |
24/08/2010 |
2,000,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, 18TH JUNE ROAD, PANAJI, G |
A94958956 |
|
4 |
10228692 |
01/06/2010 |
800,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, 18TH JUNE ROAD, PANAJI, G |
A88977921 |
|
5 |
10226457 |
20/05/2010 |
1,250,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, 18TH JUNE ROAD, PANAJI, G |
A88235338 |
|
6 |
10190136 |
12/11/2009 |
1,150,000.00 |
BANK OF INDIA |
CAMPAL, PANAJI,
GOA - 403001, INDIA |
A75120063 |
|
7 |
10169907 |
16/11/2013 * |
405,900,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, 18TH JUNE ROAD, PANAJI, G |
B92047745 |
|
8 |
10237554 |
26/02/2009 |
930,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A62340799 |
|
9 |
10121984 |
25/08/2008 |
600,000.00 |
Canara Bank |
MATHIAS PLAZA,
18TH JUNE ROAD, PANAJI, GOA - 403001, INDIA |
A45416732 |
|
10 |
10087493 |
17/12/2007 |
3,500,000.00 |
CANARA BANK |
MATHIAS PLAZA
BUILDING, PANAJI, GOA - 403001, INDIA |
A31413206 |
* Date of charge modification
FIXED ASSETS:
- Land
- Plant and Machinery
- Computers
- Electrical Equipments
- Diesel Generating Set
- Furniture and Fixtures
- Vehicles
LEASE ASSETS:
- Plant and Machinery leased Assets
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation 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.63.57 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--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 |
|
26 |
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.