MIRA INFORM REPORT
|
Report No. : |
350033 |
|
Report Date : |
18.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
B.V. BIO-CORP PRIVATE LIMITED (w.e.f. 19.08.2008) |
|
|
|
|
Formerly Known
As : |
B.V. BIO-CORP LIMITED B.V. FEED SUPPLEMENTS MANUFACTURING COMPANY LIMITED |
|
|
|
|
Registered
Office : |
Venkateshwar Houses No 114/A/2, Pune-Sinhagad Road, Pune-411030,
Maharashtra |
|
Tel. No.: |
91-20-24251530 (Ext. 522) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.01.2002 |
|
|
|
|
Com. Reg. No.: |
11-016680 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15332PN2002PTC016680 |
|
|
|
|
IEC No.: |
3102014461 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB8390C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and
Seller of feed supplements and concentrates, disinfectants, Personal Human
Hygienic Products, pet products, human health and nutritional products and
livestock products. |
|
|
|
|
No. of Employees
: |
Information declined by the 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 |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2002 having fine track. For the year 2014, the company has achieved good sales turnover which has
increased as compared to previous year marked by satisfactory profitability
margin. The company possesses sound net worth base marked by low debt levels
and fair liquidity. Trade relations are fair. Business is active. Payments are regular and
as per commitment. The company can be considered good 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan=A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
25.06.2015 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Letter of Credit=A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
25.06.2015 |
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
31-03-2015.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
(Contact No: 91-20-66802000/ 24251530/ 25448834)
LOCATIONS
|
Registered Office : |
Venkateshwar Houses No 114/A/2, Pune-Sinhagad Road, Pune-411030,
Maharashtra, India |
|
Tel. No.: |
91-20-24251530 (Ext. 522) |
|
Fax No.: |
91-20-24251077/ 24251060 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Anuradha Jitendra Desai |
|
Designation : |
Director |
|
Address : |
Venkatesh Farms, S.No. 95/1, NDA Road, Village Mauje
Warje, Taluka Haveli, Pune-411029, Maharashtra, India |
|
Date of Birth/Age : |
15.05.1962 |
|
Date of Appointment : |
15.01.2002 |
|
PAN No.: |
AAQPD6893C |
|
DIN No.: |
00012212 |
|
|
|
|
Name : |
Mr. Banda Venkatesh Rao |
|
Designation : |
Director |
|
Address : |
Venkatesh Farms, S.No. 95/1, NDA Road, Village Mauje
Warje, Taluka Haveli, Pune-411029, Maharashtra, India |
|
Date of Birth/Age : |
31.12.1964 |
|
Date of Appointment : |
15.01.2002 |
|
PAN No.: |
AAUPB1731H |
|
DIN No.: |
00013614 |
|
|
|
|
Name : |
Mr. Banda Balaji Rao |
|
Designation : |
Director |
|
Address : |
Venkatesh Farms, S.No. 95/1, NDA Road, Village Mauje Warje,
Taluka Haveli, Pune-411029, Maharashtra, India |
|
Date of Birth/Age : |
08.12.1972 |
|
Date of Appointment : |
15.01.2002 |
|
PAN No.: |
AARPB9101C |
|
DIN No.: |
00013551 |
|
|
|
|
Name : |
Mr. Jitendra Moreshwar Desai |
|
Designation : |
Director |
|
Address : |
Venkatesh Farms, S. No. 95/1, NDA Road, Village Mauje
Warje, Taluka Haveli, Pune,-411029, Maharashtra, India |
|
Date of Birth/Age : |
27.04.1962 |
|
Date of Appointment : |
15.01.2002 |
|
PAN No.: |
AASPD0474D |
|
DIN No.: |
00013533 |
|
|
|
|
Name : |
Mr. Gendalal Chhaganlal Jain |
|
Designation : |
Director |
|
Address : |
4, Ramnadhi Co-Operative, Housing Society Bavdhan Khurd, Town/
City-Pune District, Pune-411027, Maharashtra, India |
|
Date of Birth/Age : |
29.02.1940 |
|
Date of Appointment : |
15.01.2002 |
|
DIN No.: |
00014692 |
|
|
|
|
Name : |
Mr. Ashok Kumar Mahajan |
|
Designation : |
Director |
|
Address : |
Flat No. 304, Brownea, Nyati Estate, Mohammadwadi,
Hadapsar, Pune-411028, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1945 |
|
Date of Appointment : |
01.08.2007 |
|
DIN No.: |
00017150 |
KEY EXECUTIVES
|
Name : |
Mr. Chandranil Sudhir Belvalkar |
|
Designation : |
Secretary |
|
Address : |
Shree Mangal Co Operative Housing Society, C2 Wing, Flat No
12, Dhankawadi, Pune-411043, Maharashtra, India |
|
Date of Birth/Age : |
23.12.1982 |
|
Date of Appointment : |
18.01.2010 |
|
PAN No.: |
APEPB4379Q |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anuradha Jitendra Desai |
|
100000 |
|
Banda Venkatesh Rao |
|
239814 |
|
Banda Balaji Rao |
|
239814 |
|
Jitendra Moreshwar Desai |
|
100000 |
|
DR. G. L. Gain |
|
50000 |
|
Srivenk Investments and Finance Private Limited, India |
|
554 |
|
Venkateshwara Hatcheries Private Limited, India |
|
30004 |
|
Uttara Jitendra Desai |
|
239814 |
|
Total |
|
1000000 |
AS ON 29.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
3.06 |
|
Directors
or relatives of directors |
96.94 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Trader and Seller of feed supplements and concentrates, disinfectants, Personal
Human Hygienic Products, pet products, human health and nutritional products
and livestock products. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
Metakey,
Vencal D and Dibicrome |
||||||||
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|
|
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|
Agencies Held : |
-- |
||||||||
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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 |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the Management |
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Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sudit
K Parekh and Company Chartered Accountants |
|
Address : |
Ballard House, 2nd
Floor, Adi Marzaban Path, Ballard Pier, Fort, Mumbai-400001, Maharashtra,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFS4500P |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises which are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
·
Bala Industries and Entertainment Private
Limited, India (U74999PN1988PTC020677) ·
Eastern Hatcheries Private Limited, India
(U01222OR1985PTC002190) ·
Uttara Foods and Feeds Private Limited,
India (U15332MH1996PTC099964) ·
Uttara Impex Private Limited, Indai
(U51909PN2009PTC133389) ·
Venkateshwara Hatcheries Private Limited,
India (U01222AP1971PTC001422) ·
Venkateshwara Research and Breeding Farm
Limited, India (U01222MH1980PLC023306) ·
Venco Research and Breeding Farm Private
Limited, India (U07222PN1980PTC017423) ·
Venkateshwara Foods and Feeds · Venky's (India) Limited, India (L01222PN1976PLC017422) |
|
|
|
|
Subsidiary Company : |
·
Blue Ridge Avian Services Inc, USA ·
Waywards Acres, Inc, USA |
|
|
|
|
Associates : |
Srivenk
Biological Laboratories Private Limited, India (U73100PN2011PTC140966) |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
836.899 |
714.775 |
605.534 |
|
(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) |
846.899 |
724.775 |
615.534 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
81.033 |
83.608 |
31.542 |
|
(b) Deferred tax liabilities (Net) |
2.399 |
1.142 |
0.000 |
|
(c)
Other long term liabilities |
15.972 |
13.172 |
8.023 |
|
(d)
long-term provisions |
7.910 |
7.301 |
5.650 |
|
Total
Non-current Liabilities (3) |
107.314 |
105.223 |
45.215 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
307.107 |
244.274 |
143.916 |
|
(b)
Trade payables |
470.621 |
380.582 |
330.234 |
|
(c)
Other current liabilities |
76.400 |
75.615 |
37.503 |
|
(d)
Short-term provisions |
8.799 |
33.167 |
10.341 |
|
Total
Current Liabilities (4) |
862.927 |
733.638 |
521.994 |
|
|
|
|
|
|
TOTAL |
1817.140 |
1563.636 |
1182.743 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
293.766 |
245.126 |
88.007 |
|
(ii)
Intangible Assets |
2.111 |
2.635 |
3.056 |
|
(iii)
Capital work-in-progress |
9.514 |
25.314 |
52.594 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
242.605 |
205.258 |
182.065 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.352 |
|
(d) Long-term Loan
and Advances |
30.419 |
9.922 |
37.394 |
|
(e)
Other Non-current assets |
13.526 |
10.695 |
3.399 |
|
Total
Non-Current Assets |
591.941 |
498.950 |
366.867 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
363.478 |
275.787 |
240.677 |
|
(c)
Trade receivables |
743.224 |
567.872 |
503.632 |
|
(d)
Cash and cash equivalents |
104.070 |
194.579 |
62.794 |
|
(e)
Short-term loans and advances |
13.720 |
25.927 |
8.310 |
|
(f)
Other current assets |
0.707 |
0.521 |
0.463 |
|
Total
Current Assets |
1225.199 |
1064.686 |
815.876 |
|
|
|
|
|
|
TOTAL |
1817.140 |
1563.636 |
1182.743 |
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
TOTAL REVENUES |
2927.523 |
2466.624 |
2005.343 |
|
|
|
|
|
|
TOTAL EXPENSES |
2734.223 |
2254.105 |
1830.857 |
|
|
|
|
|
|
PROFIT BEFORE TAX |
192.306 |
212.037 |
174.369 |
|
|
|
|
|
|
TAX EXPENSES |
67.256 |
71.493 |
59.019 |
|
|
|
|
|
|
PROFIT AFTER TAX |
125.050 |
140.544 |
115.350 |
|
|
|
|
|
|
TAX ADJUSTMENT IN RESPECT OF EARLIER YEARS |
0.000 |
(2.054) |
0.000 |
|
|
|
|
|
|
PROFIT FOR THE YEAR |
125.050 |
138.490 |
115.350 |
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
125.05 |
138.49 |
115.35 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
22.086 |
20.211 |
9.168 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
99.469 |
186.012 |
137.540 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
187.06 |
15.94 |
211.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
3.46 |
0.29 |
3.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.48 |
0.48 |
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.45 |
1.56 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
605.534 |
714.775 |
836.899 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
615.534 |
724.775 |
846.899 |
|
|
|
|
|
|
Long-term borrowings |
31.542 |
83.608 |
81.033 |
|
Short term borrowings |
143.916 |
244.274 |
307.107 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
9.168 |
20.211 |
22.086 |
|
Total
borrowings |
184.626 |
348.093 |
410.226 |
|
Debt/Equity
ratio |
0.300 |
0.480 |
0.484 |
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) |
|
Total Revenue |
2005.343 |
2466.624 |
2927.523 |
|
|
|
23.003 |
18.685 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Revenue |
2005.343 |
2466.624 |
2927.523 |
|
Profit |
115.350 |
138.490 |
125.050 |
|
|
5.75% |
5.61% |
4.27% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90082851 |
27/12/2012 * |
482,500,000.00 |
BANK OF MAHARASHTRA |
AGRI HI - TECH BRANCH,
PUNE SINHAGAD ROAD, PUNE- 411030, |
B66159682 |
|
*
Date of charge modification |
||
|
|
||
OPERATIONS :
The Company has earned a
gross income of Rs. 29,27.523 Million as compared to Rs. 24,66.624 Million in the
previous year. The profit for the year carried to Balance Sheet is Rs. 125.050
Million as against Rs. 1,38.490 Million in the previous year. During the year,
Company health and hygene division has introduced range of Dietary health
supplement products under the Brand name Metakey, Vencal D & Dibicrome.
Further Venkys pet division of Company has also lauched some feed supplements
for pets.
BACKGROUND :
Subject is a private
company incorporated under the provisions of the Companies Act, 1956 as on 15 January
2002. The Company is engaged in the business of manufacturing, trading and sale
of feed supplements and concentrates, disinfectants, Personal Human Hygienic
Products, pet products, human health and nutritional products and livestock
products.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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. 65.98 |
|
|
1 |
Rs. 100.12 |
|
Euro |
1 |
Rs. 70.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
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.