MIRA INFORM REPORT
|
Report No. : |
350387 |
|
Report Date : |
24.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
PANCHSHIL INFRASTRUCTURE HOLDINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Techpark One Tower ‘E’, S.No.191//A/2A/1/2, Next to Don Bosco School,
Off Airport Road, 4th Floor, Yerawada, Pune – 411 006, Maharashtra
|
|
Tel. No.: |
91-20-66473100 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.06.2005 |
|
|
|
|
Com. Reg. No.: |
11-143269 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.325 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200PN2005PTC143269 |
|
|
|
|
IEC No: |
0305047337 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP13832A/ MUMP20655F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP6098D |
|
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into sale of rooms, food and beverages and allied
services related to operations of service apartments, including income from
telecommunication and internet services. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow |
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|
Litigation : |
Clear |
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Comments : |
Subject is subsidiary of Panchshil group incorporated in the year 2005
having moderate track. The company has average revenue base, however reported continuous accumulated
losses due to which networth base is eroded. It has huge debt levels marked
by poor liquidity position. However, ratings takes into consideration the experience of the
Panchshil group as real estate developer and promoter’s continued financial
support. Trade relations are fair. Business is active. Payments are slow. In view of group support and financial performance of the group
companies, the company can be considered for business dealings with some
caution. |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CARE |
|
Rating |
Long Term Bank Facilities=BBB (SO) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
15.04.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A3 (SO) |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
15.04.2015 |
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 DENIED
MANAGEMENT NON-COOPERATIVE (Tel No.: 91-20-66473200)
LOCATIONS
|
Registered Office/ Administrative Office : |
Techpark One Tower ‘E’, S.No.191//A/2A/1/2, Next to Don Bosco School,
Off Airport Road, 4th Floor, Yerawada, Pune – 411 006, Maharashtra
|
|
Tel. No.: |
91-20-66473100 |
|
Fax No.: |
91-20-66473201 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sagar Ishwardas Chordia |
|
Designation : |
Director |
|
Address : |
Flat No. 1002, Silver Woods, Pingale Wasti, Mundhwa Road, Hadapsar, Pune - 411036, Maharashtra, India |
|
Date of Birth/Age : |
05.07.1972 |
|
Date of Appointment : |
21.06.2005 |
|
DIN No.: |
00054123 |
|
|
|
|
Name : |
Mr. Atul Ishwardas Chordia |
|
Designation : |
Director |
|
Address : |
S. No. 37/I, Ghorpadi, Next To A.B.C. Farm, Pune - 411036, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1965 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00054998 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
|
|
|
|
Premsagar Infra Realty Private Limited, India Previous known as (Premsagar Hotels Private Limited) |
1523531 |
70.00 |
|
P-Vision Sports Private Limited, India |
652942 |
30.00 |
|
Total |
2176473 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into sale of rooms, food and beverages and allied
services related to operations of service apartments, including income from
telecommunication and internet services. |
|
|
|
|
Products/ Services : |
Operation of Services Apartments |
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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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 : |
Long Term
Borrowings Nature of
security and terms of repayment: Indian rupee loan
from bank Indian rupee loan from bank carries floating interest @ 12.75% to
13.5% per annum. The loan is repayable in 40quarterly unequal installments
starting from June 30, 2011. The loan is secured by first charge on
properties excluding assets on land by others and leased to the Company and
first charge on receivables present and future, the loan has been guaranteed
by personal guarantee of one of the director of the Company which will fall
off after repayment of 25% of the debt or five years whichever is later. Vehicle loans
from Bank Vehicle loan from bank carries floating interest @ 9.25% per annum.
The loan is repayable in 60 equal monthly installments along with interest
starting from December 2011. The loan is secured by hypothecation of the
respective vehicle financed. Short Term
Borrowings Nature of
security and terms of repayment: Cash credit facility from bank is secured by first charge on the
current assets of the Company and second charge on the properties excluding
assets on land owned by others and leased to the Company. The cash credit is
repayable on demand and carries interest @ 13.50% per annum. |
|
|
|
|
Financial
Institution: |
IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17, R.
Kamani Marg, Ballard Estate, Mumbai – 411001,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboil and Company LLP Chartered Accountants |
|
Address : |
C – 401, 4th floor, Panchshil Techpartk, Near Don Bosco School,
Yerwada, Pune – 411006, Maharashtra, India |
|
Tel. No.: |
91-20-66036000 |
|
Fax No.: |
91-20-66015900 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AALFS0506L |
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|
|
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Memberships : |
-- |
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Collaborators : |
-- |
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Holding Company : |
Premsagar Infra Realty Private Limited (U55701PN1991PTC134103) |
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Fellow Subsidiary: |
Eon-Hinjewadi Infrastrucute Private Limited |
|
|
|
|
Enterprises owned or significantly influenced by key management personnel
or their relatives: |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2180000 |
Equity Shares |
Rs.10/- each |
Rs.21.800 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2176473 |
Equity Shares |
Rs.10/- each |
Rs.21.765
Million |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1340000 |
Equity Shares |
Rs.10/- each |
Rs.13.400 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1332535 |
Equity Shares |
Rs.10/- each |
Rs.13.325
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 |
13.325 |
13.325 |
13.326 |
|
(b) Reserves & Surplus |
(546.403) |
(364.594) |
(178.661) |
|
(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) |
(533.078) |
(351.269) |
(165.335) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
913.126 |
1036.648 |
1145.825 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.248 |
1.600 |
1.285 |
|
Total
Non-current Liabilities (3) |
915.374 |
1038.248 |
1147.110 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
553.803 |
333.615 |
292.281 |
|
(b) Trade payables |
102.501 |
56.942 |
53.015 |
|
(c) Other current liabilities |
238.518 |
308.664 |
205.507 |
|
(d) Short-term provisions |
96.013 |
54.078 |
8.545 |
|
Total
Current Liabilities (4) |
990.835 |
753.299 |
559.348 |
|
|
|
|
|
|
TOTAL |
1373.131 |
1440.278 |
1541.123 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1030.388 |
1146.427 |
1286.606 |
|
(ii) Intangible Assets |
0.409 |
1.009 |
1.825 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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 |
56.228 |
104.996 |
86.510 |
|
(e) Other Non-current assets |
8.490 |
7.868 |
6.552 |
|
Total
Non-Current Assets |
1095.515 |
1260.300 |
1381.493 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
36.739 |
16.683 |
14.594 |
|
(c) Trade receivables |
59.857 |
54.950 |
34.429 |
|
(d) Cash and cash equivalents |
110.941 |
73.438 |
73.941 |
|
(e) Short-term loans and
advances |
54.268 |
15.270 |
18.368 |
|
(f) Other current assets |
15.811 |
19.637 |
18.298 |
|
Total
Current Assets |
277.616 |
179.978 |
159.630 |
|
|
|
|
|
|
TOTAL |
1373.131 |
1440.278 |
1541.123 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
574.713 |
436.784 |
|
|
|
Other Income |
|
11.030 |
12.101 |
|
|
TOTAL
|
619.618 |
585.743 |
448.885 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
45.122 |
26.940 |
|
|
Employees benefits expense |
|
96.903 |
79.573 |
|
|
Other expenses |
292.761 |
187.978 |
|
|
|
TOTAL
|
675.963 (Including
financial expenses) |
434.786 |
294.491 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
150.957 |
154.394 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
186.399 |
209.687 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(56.345) |
(35.442) |
(55.293) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
127.255 |
150.491 |
176.495 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(183.600) |
(185.933) |
(231.788) |
|
|
|
|
|
|
|
Less |
TAX |
(1.791) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(181.809) |
(185.933) |
(231.788) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1090.968) |
(905.035) |
(673.247) |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
(1272.777) |
(1090.968) |
(905.035) |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Rooms. Restaurant, Banquet and
Other Services |
144.977 |
207.981 |
188.438 |
|
|
TOTAL
EARNINGS |
144.977 |
207.981 |
188.438 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
0.000 |
2.664 |
7.915 |
|
|
Food and Beverages |
49.218 |
0.000 |
0.000 |
|
|
TOTAL
IMPORTS |
49.218 |
2.664 |
7.915 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(136.44) |
(214.33) |
(223.65) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
123.376 |
111.112 |
73.617 |
|
Cash generated from operations |
NA |
215.082 |
266.725 |
|
Net cash flow from operating activity |
NA |
196.052 |
236.552 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
(32.35) |
(53.07) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
26.27 |
35.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(13.37) |
(12.91) |
(15.04) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.53 |
1.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(2.98) |
(4.22) |
(9.14) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.28 |
0.24 |
0.29 |
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 |
13.326 |
13.325 |
13.325 |
|
Reserves & Surplus |
(178.661) |
(364.594) |
(546.403) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
(165.335) |
(351.269) |
(533.078) |
|
|
|
|
|
|
long-term borrowings |
1145.825 |
1036.648 |
913.126 |
|
Short term borrowings |
292.281 |
333.615 |
553.803 |
|
Current Maturities of
Long-Term Debts |
73.617 |
111.112 |
123.376 |
|
Total
borrowings |
1511.723 |
1481.375 |
1590.305 |
|
Debt/Equity
ratio |
(9.143) |
(4.217) |
(2.983) |
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 Income |
448.885 |
585.743 |
619.618 |
|
|
|
30.488 |
5.783 |
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 Income |
436.784 |
574.713 |
619.618 |
|
Profit (Loss) |
(231.788) |
(185.933) |
(181.809) |
|
|
(53.07%) |
(32.35%) |
(29.34%) |
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 |
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 |
No |
|
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 |
NOTE: The registered office of the company has been shifted from Shop Nos 27, 28, 29 and 30, First Floor, Shubhada Building, Near RTO Office, Sir Pochkhanawalla Road, Worli, Mumbai – 400030, Maharashtra, India to the present address w.e.f. 03.02.2012
CORPORATE INFORMATION:
The Company is a private limited company domiciled in India and
incorporated under the provisions of the Companies Act, 1956. The Company is
engaged in the business of operation of services apartments.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Others |
|
|
|
Finance lease Obligation |
38.119 |
39.242 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
10% Inter-corporate deposit repayable on demand |
217.273 |
217.273 |
|
14% Inter-corporate deposit repayable on demand |
237.000 |
50.000 |
|
13.75% Inter-corporate deposit repayable on demand |
36.000 |
39.000 |
|
Interest free Inter-corporate deposit repayable on demand |
25.000 |
0.000 |
|
Total |
553.392 |
345.515 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10504581 |
11/06/2014 |
800,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
Asian Building,
Ground Floor, 17, R.Kamani Marg,, Ballard Estate, MUMBAI, Maharashtra -
411001, INDIA |
C07695117 |
|
2 |
10463742 |
03/12/2013 |
3,500,000,000.00 |
IDBI TRUSTEESHIP
SERVICES LIMITED |
Asian Building, Ground
Floor, 17, R. Kamani Marg,, Ballard Estate, MUMBAI, Maharashtra - 411001,
INDIA |
B90924804 |
|
3 |
10275418 |
20/12/2011 * |
1,458,700,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B30831887 |
FIXED ASSETS
·
·
· Building
· Plant and Machinery
· Furniture and Fixture
· Computers
· Computers Software
· Office Equipment
· Vehicles
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.66.39 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.