MIRA
INFORM REPORT
|
Report No. : |
351423 |
|
Report Date : |
25.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEV BHUMI COLD CHAIN LIMITED |
|
|
|
|
Formerly Known
As : |
DEV BHUMI COLD CHAIN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Indraprastha Bhawan, Plot No. 17 and 18, New Subzimandi, Azadpur, |
|
Tel. No.: |
91-11-27674876 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.08.2003 |
|
|
|
|
Com. Reg. No.: |
55-121616 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.42.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2003PLC121616 |
|
|
|
|
IEC No.: |
0503034029 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD07493D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD7986J |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Fresh Fruits. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 910000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 2003, having satisfactory track. For the year 2014, the company possesses decent revenue base marked by
satisfactory profit margin. The company possesses adequate networth base however reported huge
decline in its cash accruals. Trade relations are fair. Business is active. Payments are slow but
correct. The company can be considered 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.
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 |
CRISIL |
|
Rating |
Long term rating= BB- |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
20.10.2014 |
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
31-03-2015.
INFORMATION DENIED
Management Non Co-operative (91-11-27674876)
LOCATIONS
|
Registered Office / Headquarter / Corporate Office/ Project Site : |
Indraprastha Bhawan, Plot No. 17 and 18, New Subzimandi, Azadpur, Delhi
– 110033, India |
|
Tel. No.: |
91-11-47125555 / 47125510 / 47125530 / 47125531/ 27674876 |
|
Fax No.: |
91-11-27671700 / 27482775 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Strategic Distribution Centre / Branch Office : |
Apple Chowk, ViIIage Matiana, Tehsil, Theog District Shimla – 171212,
Himachal Pradesh, India |
|
|
|
|
Overseas Office : |
Indraprastha Limited, (USA), 284, Steelmanville Road, EHT, NJ – 08234,
USA |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ashok Kumar |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
BN – 78, Paschimi Shalimar Bagh, New Delhi – 110052, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.12.1950 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.05.2013 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02200740 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjay Aggarwal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
BN – 78, Paschimi Shalimar Bagh, New Delhi – 110052, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.04.1959 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.06.2014 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00211962 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Sunita Aggarwal |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
BN – 78, Paschimi Shalimar Bagh, New Delhi – 110052, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.11.1961 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.08.2003 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00212143 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Neeraj Kumar Sharma |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
83/2, Village Bauni Dhalyani, Tehsil Ghumarwin, Bilaspur – 174027,
Himanchal Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1981 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
21.07.2014 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06967577 |
|||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Aggarwal |
|
260997 |
|
Sanyogita Aggarwal |
|
4313 |
|
Sunila Aggarwal |
|
384650 |
|
Indraprastha Ice and Cold Storage Private Limited, India |
|
10 |
|
Jagdish Prasad Aggarwal |
|
10 |
|
Premlata Aggarwal |
|
10 |
|
Kumar Dhruva Aggarwal |
|
3600010 |
|
|
|
|
|
Total |
|
4250000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.02 |
|
Directors or relatives of Directors |
99.98 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Fresh Fruits. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Not Divulged |
||||
|
|
|
||||
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
P. D. Mittal and Company Chartered Accountants |
|
Address : |
Mittal Bhawan, 70, Darya Ganj, New Delhi – 110002, India |
|
Tel. No.: |
91-11-65169313 |
|
PAN No.: |
AAGFP0579D |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Related Parties
: |
· Matru Bhumi Supply Chain Private Limited CIN
No.: U01120DL2009PTC188622 ·
Indraprastha Ice and Cold Storage Private
Limited CIN No.: U29191DL1952PTC000765 |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4250000 |
Equity Shares |
Rs.10/- each |
Rs.42.500 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 |
42.500 |
42.500 |
42.500 |
|
(b) Reserves & Surplus |
274.941 |
196.423 |
172.778 |
|
(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) |
317.441 |
238.923 |
215.278 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
395.513 |
276.998 |
147.950 |
|
(b) Deferred tax liabilities (Net) |
0.950 |
0.950 |
0.950 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
396.463 |
277.948 |
148.900 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
226.506 |
293.966 |
207.063 |
|
(b) Trade payables |
14.182 |
12.623 |
32.373 |
|
(c) Other current
liabilities |
6.105 |
10.408 |
22.133 |
|
(d) Short-term provisions |
21.368 |
3.063 |
8.237 |
|
Total Current Liabilities (4) |
268.161 |
320.060 |
269.806 |
|
|
|
|
|
|
TOTAL |
982.065 |
836.931 |
633.984 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
628.822 |
371.521 |
231.622 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
87.740 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
628.822 |
371.521 |
319.362 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.198 |
0.600 |
0.100 |
|
(b) Inventories |
281.098 |
314.867 |
154.831 |
|
(c) Trade receivables |
53.274 |
118.847 |
102.780 |
|
(d) Cash and cash
equivalents |
7.206 |
24.963 |
49.829 |
|
(e) Short-term loans and
advances |
10.054 |
5.108 |
6.490 |
|
(f) Other current assets |
0.413 |
1.025 |
0.592 |
|
Total Current Assets |
353.243 |
465.410 |
314.622 |
|
|
|
|
|
|
TOTAL |
982.065 |
836.931 |
633.984 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1201.060 |
957.873 |
811.574 |
|
|
|
|
Other Income |
10.763 |
9.823 |
24.580 |
|
|
|
|
TOTAL (A) |
1211.823 |
967.696 |
836.154 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Purchase of Stock-in-trade |
1040.970 |
1,022.480 |
898.434 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
33.769 |
(160.035) |
(122.254) |
|
|
|
|
Employee Benefits Expenses |
13.153 |
10.892 |
7.032 |
|
|
|
|
Other Expenses |
39.606 |
31.649 |
16.243 |
|
|
|
|
TOTAL (B) |
1127.498 |
904.986 |
799.455 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
84.325 |
62.710 |
36.699 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
54.328 |
40.755 |
24.158 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
29.997 |
21.955 |
12.541 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
10.568 |
8.834 |
5.180 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
19.429 |
13.121 |
7.361 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
3.887 |
2.500 |
1.365 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
15.542 |
10.621 |
5.996 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Trading Goods |
377.032 |
640.603 |
507.130 |
|
|
|
|
Machines and their parts |
30.571 |
6.927 |
18.744 |
|
|
|
TOTAL IMPORTS |
407.603 |
647.530 |
525.874 |
||
|
|
|
|
|
|
||
|
|
Earnings / (Loss)
Per Share (Rs.) |
3.61 |
2.12 |
1.41 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
191.274 |
(46.741) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.29 |
1.11 |
0.74 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.02 |
6.55 |
4.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
1.98 |
1.57 |
1.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.05 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.96 |
2.39 |
1.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.45 |
1.17 |
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 |
42.500 |
42.500 |
42.500 |
|
Reserves & Surplus |
172.778 |
196.423 |
274.941 |
|
Net
worth |
215.278 |
238.923 |
317.441 |
|
|
|
|
|
|
long-term borrowings |
147.950 |
276.998 |
395.513 |
|
Short term borrowings |
207.063 |
293.966 |
226.506 |
|
Total
borrowings |
355.013 |
570.964 |
622.019 |
|
Debt/Equity
ratio |
1.649 |
2.390 |
1.959 |
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 |
811.574 |
957.873 |
1201.060 |
|
|
|
18.027 |
25.388 |
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
|
811.574 |
957.873 |
1201.060 |
|
Profit |
5.996 |
10.621 |
15.542 |
|
|
0.74% |
1.11% |
1.29% |
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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
0.000 |
30.072 |
|
Loans and advances from related parties |
197.015 |
146.474 |
|
|
|
|
|
Total |
197.015 |
176.546 |
CORPORATE
INFORMATION:
The company is engaged in the business as owners of the cold chain plant
and also as a trader / importer of fresh fruits, since inception.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10311277 |
03/10/2011 |
50,000,000.00 |
Bank of Baroda |
Indraprastha Bhawan, Azadpur, Delhi - 110033, India |
B22980726 |
|
2 |
10043722 |
22/10/2014 * |
747,300,000.00 |
Bank of Baroda |
Azadpur, Delhi - 110033, India |
C30212294 |
*Date of modification Charges
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 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.66.35 |
|
|
1 |
Rs.100.66 |
|
Euro |
1 |
Rs.70.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
43 |
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.