MIRA INFORM REPORT
|
Report No. : |
323194 |
|
Report Date : |
19.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CG LUCY SWITCHGEAR LIMITED |
|
|
|
|
Registered
Office : |
6th Floor, CG House, |
|
Tel No.: |
91-253-2581603 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.08.1994 |
|
|
|
|
Com. Reg. No.: |
11-080208 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.12.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200MH1994PLC080208 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
3194007394 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Manufacturer and Exporter of Electrical Switchgear. |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC9268P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Electrical Switchgear. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate position and sound profitability margins of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct and as per commitment. The company can be considered good for normal 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Nitin Thombre |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-9049997365 |
|
Date : |
16.05.2015 |
LOCATIONS
|
Registered Office : |
6th Floor, CG House, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9049997365 (Mr. Nitin Thombre) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
Area : |
2500 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
F-10, MIDC, Ambad, Nashik – 422010, |
|
Tel. No.: |
91-253-2381603 |
|
Fax No.: |
91-253-2381542 |
|
|
|
|
Production Center : |
H – 21, MIDC, Ambad, Nashik, Maharashtra, India |
DIRECTORS
|
Name : |
Mr. Mukul Srivastava |
|
Designation : |
Managing Director |
|
Address : |
6, Asher Enclave Estate, Upnagar, Nashik – 422006, Maharashtra, India |
|
Date of Birth/Age : |
03.11.1968 |
|
Date of Appointment : |
20.11.2007 |
|
DIN : |
02005717 |
|
|
|
|
Name : |
Mr. Charles Richard Dick |
|
Designation : |
Director |
|
Address : |
South Lawn, |
|
Date of Birth/Age : |
13.05.1950 |
|
Date of Appointment : |
09.08.1994 |
|
DIN No.: |
00256413 |
|
|
|
|
Name : |
Mr. Henry Thomas Derwent Clark |
|
Designation : |
Director |
|
Address : |
120 Kings Road West, Swanage, Bh191hs, , United Kingdom |
|
Date of Appointment : |
20.10.2005 |
|
DIN No.: |
00269015 |
|
|
|
|
Name : |
Carl Nicholas Sellick |
|
Designation : |
Director |
|
Address : |
3, Raeside Close, Seer Green, |
|
Date of Birth/Age : |
14.07.1967 |
|
Date of Appointment : |
17.03.2000 |
|
DIN No.: |
00269060 |
|
|
|
|
Name : |
Mr. Trilochan Sar |
|
Designation : |
Alternate Director |
|
Address : |
C-305, Pearl Drop, GE Gardens, LBS Marg, Kajur Marg (West), Mumbai –
400078, Maharashtra, India |
|
Date of Birth/Age : |
03.08.1956 |
|
Date of Appointment : |
12.05.2010 |
|
DIN No.: |
01971897 |
|
|
|
|
Name : |
Mr. Graham Frederick Briggs |
|
Designation : |
Director |
|
Address : |
61, Westend, Witney, Oxon, OX281NJ, |
|
Date of Birth/Age : |
23.08.1962 |
|
Date of Appointment : |
20.11.2007 |
|
DIN No.: |
02007408 |
|
|
|
|
Name : |
Mr. Laurent Dominique Leon Demortier |
|
Designation : |
Director |
|
Address : |
9 Avenue De La Passerelle, |
|
Date of Birth/Age : |
02.05.1961 |
|
Date of Appointment : |
27.07.2011 |
|
DIN No.: |
03520825 |
|
|
|
|
Name : |
Mr. John Adrian Griffiths |
|
Designation : |
Additional Director |
|
Address : |
Flat 8 Fettlers House, Eagle Works, Walton Well Road , Oxford, Ox2
6ge, United Kingdom, NA , United Kingdom |
|
Date of Appointment : |
09.09.2014 |
|
DIN No.: |
06916647 |
|
|
|
|
Name : |
Mrs. Vandana Prashant Sonwaney |
|
Designation : |
Director |
|
Address : |
Ganga Sharan Bungalow, Opp. Vasant Market, Canada Corner,Nashik,
Nashik, 422008, Maharashtra, India |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
06955363 |
|
|
|
|
Name : |
Mr. Bansidhar Eknath Kushare |
|
Designation : |
Director |
|
Address : |
Pl No. 207 S. No.493 Durvankur B.H Punjaji Dhaba, Nr. Konark
Nagar.Shriram Nagar Adgn Nasik, Nasik, 422003, Maharashtra, India |
|
Date of Appointment : |
23.03.2015 |
|
DIN No.: |
07128169 |
MAJOR SHAREHOLDERS
As on 09.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Keval Kishor Nohria |
|
1 |
|
Sudhir Mohan Trehan |
|
1 |
|
W Lucy and Company, UK |
|
600000 |
|
Crompton Greaves Limited, India |
|
599993 |
|
Mukul Srivastava |
|
1 |
|
Minal Bhosle |
|
1 |
|
Jayant Govondrao Kulkarni |
|
1 |
|
Trilochan Sar |
|
1 |
|
Sushant Arora |
|
1 |
|
Total |
|
1200000 |
Equity Share Break up (Percentage of Total Equity)
As on 09.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Bodies corporate |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Electrical Switchgear. |
|
|
|
|
Products : |
Electrical Switchgear |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
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Exports : |
Not Divulged |
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|
Imports : |
Not Divulged |
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Terms : |
|
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Selling : |
Not Divulged |
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|
|
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Sharp and Tannan Chartered Accountants |
|
Address : |
2nd Floor, 194, Ravindra Annex, Churchgate Reclamation, Dinshaw
Vaccha Road, Mumbai – 400020, Maharashtra, India |
|
Tel No.: |
91-22-22047722 / 23 |
|
Fax No. : |
91-22-66338352 |
|
Email : |
|
|
PAN No.: |
AAAFS2967E |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Fellow
Subsidiary Company : |
|
|
|
|
|
Joint Venture : |
CIN No.: L99999MH1937PLC002641
|
CAPITAL STRUCTURE
As on 09.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.10/- each |
Rs.12.000 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 |
12.000 |
12.000 |
12.000 |
|
(b) Reserves & Surplus |
370.310 |
314.259 |
291.586 |
|
(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) |
382.310 |
326.259 |
303.586 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.707 |
7.582 |
9.135 |
|
(b) Deferred tax liabilities (Net) |
4.622 |
4.629 |
2.267 |
|
(c) Other long term
liabilities |
1.131 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
11.460 |
12.211 |
11.402 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
329.745 |
161.426 |
70.927 |
|
(c) Other current
liabilities |
10.015 |
9.450 |
4.829 |
|
(d) Short-term
provisions |
14.816 |
5.457 |
5.415 |
|
Total Current
Liabilities (4) |
354.576 |
176.333 |
81.171 |
|
|
|
|
|
|
TOTAL |
748.346 |
514.803 |
396.159 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
70.558 |
68.934 |
66.150 |
|
(ii)
Intangible Assets |
13.268 |
7.069 |
0.128 |
|
(iii)
Capital work-in-progress |
51.640 |
1.154 |
0.000 |
|
(iv)
Intangible assets under development |
0.334 |
1.096 |
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 |
3.839 |
2.421 |
3.016 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.061 |
|
Total Non-Current
Assets |
139.639 |
80.674 |
69.355 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
92.078 |
89.622 |
66.111 |
|
(c) Trade
receivables |
382.148 |
235.922 |
183.635 |
|
(d) Cash
and cash equivalents |
3.147 |
17.659 |
12.461 |
|
(e)
Short-term loans and advances |
131.334 |
90.915 |
64.597 |
|
(f) Other
current assets |
0.000 |
0.011 |
0.000 |
|
Total
Current Assets |
608.707 |
434.129 |
326.804 |
|
|
|
|
|
|
TOTAL |
748.346 |
514.803 |
396.159 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1,221.564 |
660.195 |
386.978 |
|
|
|
|
Other Income |
4.159 |
8.142 |
9.037 |
|
|
|
|
TOTAL (A) |
1,225.723 |
668.337 |
396.015 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
1,054.049 |
592.619 |
313.250 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(4.174) |
(19.591) |
8.586 |
|
|
|
|
Employee Benefits Expenses |
44.271 |
32.033 |
23.393 |
|
|
|
|
Other Expenses |
40.673 |
25.069 |
19.130 |
|
|
|
|
Prior period items |
(0.140) |
(0.256) |
0.000 |
|
|
|
|
TOTAL (B) |
1,134.679 |
629.874 |
364.359 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
91.044 |
38.463 |
31.656 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
0.595 |
0.023 |
0.007 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
90.449 |
38.440 |
31.649 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
7.089 |
4.813 |
4.233 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
83.360 |
33.627 |
27.416 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
27.309 |
10.953 |
8.755 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
56.051 |
22.674 |
18.661 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
269.077 |
246.403 |
228.119 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
325.128 |
269.077 |
246.403 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
80.045 |
68.901 |
60.954 |
|
|
|
TOTAL EARNINGS |
80.045 |
68.901 |
60.954 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
components and spare parts |
115.061 |
84.659 |
26.629 |
|
|
|
TOTAL IMPORTS |
115.061 |
84.659 |
26.629 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
46.71 |
18.89 |
15.24 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.874 |
1.553 |
1.434
|
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.59 |
3.43 |
4.72 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.45 |
5.83 |
8.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.97 |
6.56 |
6.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.10 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.02 |
0.02 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72 |
2.46 |
4.03 |
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 |
12.000 |
12.000 |
12.000 |
|
Reserves & Surplus |
291.586 |
314.259 |
370.310 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
303.586 |
326.259 |
382.310 |
|
|
|
|
|
|
Long Term borrowings |
9.135 |
7.582 |
5.707 |
|
Short Term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of Long Term Debt |
1.434 |
1.553 |
1.874 |
|
Total
borrowings |
10.569 |
9.135 |
7.581 |
|
Debt/Equity ratio |
0.035 |
0.028 |
0.020 |
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 |
386.978 |
660.195 |
1,221.564 |
|
|
|
70.603 |
85.031 |
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
|
386.978 |
660.195 |
1,221.564 |
|
Profit |
18.284 |
22.674 |
56.051 |
|
|
4.72% |
3.43% |
4.59% |
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Deferred sales tax loan |
5.707 |
7.582 |
|
Total |
5.707 |
7.582 |
OPERATIONS:
The Company has achieved Net sales of Rs. 1221.56 Million during the year. During the year 2013-14 the Company’s sales has gone up by 85%. However, there has been increased pressure on the operating margins due to competition and increased material cost.
NO CHARGES EXIST FOR
COMPANY
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.63.55 |
|
|
1 |
Rs.99.86 |
|
Euro |
1 |
Rs.72.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
YES |
|
--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 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.