MIRA INFORM REPORT
|
Report No. : |
351946 |
|
Report Date : |
28.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
EPITOME COMPONENTS
PRIVATE LIMITED (w.e.f.29.05.2015) |
|
|
|
|
Formerly Known
As: |
EPITOME
COMPONENTS LIMITED |
|
|
|
|
Registered
Office : |
Plot No.G-17, MIDC, Ahmednagar - 414111, Maharashtra |
|
Tel. No.: |
91-241-2777684/ 2777681 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.09.1994 |
|
|
|
|
Com. Reg. No.: |
11-080977 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.32.305
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32106PN1994PTC080977 |
|
|
|
|
IEC No.: |
3195002191 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE01379A / PNEE01484A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE5491L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Printed Circuit Boards. |
|
|
|
|
No. of Employees
: |
170 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1994 having
satisfactory record. Profit margin of the company is low. However, networth position of the
company is satisfactory. General financial position of the company is normal
and acceptable for business dealing. Trade relations are reported as fair. Business is active. Payment
terms are reported as slow but correct. In view of long track record and acceptable financial base, the
company can be considered normal for business dealing 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 |
CRISIL |
|
Rating |
Long Term Rating: BBB- |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk. |
|
Date |
16.07.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: “A3” |
|
Rating Explanation |
Moderate degree of safety and carry higher credit risk. |
|
Date |
16.07.2015 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sandeep Kerde |
|
Designation : |
Accountant |
|
Contact No.: |
91-241-2777681 |
|
Date : |
24.11.2015 |
LOCATIONS
|
Registered Office/ Head Office/ Factory : |
Plot No.G-17, MIDC, Ahmednagar - 414111, Maharashtra, India |
|
Tel. No.: |
91-241-2777684/ 2777681 |
|
Mob. No.: |
91-9970053313 (Mr. Swapnil) |
|
Fax No.: |
91-241-2778241 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Industrial |
|
|
|
|
Factory 2/ Head
Office : |
G-17, MIDC Industrial Area, Ahmednagar – 414111, Maharashtra, India |
|
Tel. No.: |
91-241-2777684/ 2777681/ 2779081 |
|
Fax No.: |
91-241-2778241 |
|
E-Mail : |
|
|
Area : |
13000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 3 : |
Plot No. C-40, MIDc Area,
Ahmednagar – 414111, Maharashtra, India |
|
|
|
|
Factory 4 : |
Plot No. 20/21, Supa MIDC Village, Hanga, Tlauka Parner, District,
Ahmednagar – 414111, Maharashtra |
|
|
|
|
Branch Office : |
They have Branch Office and Depot at Noida |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Shrigopal Ramnath Dhoot |
|
Designation : |
Whole Time Director |
|
Address : |
Gangapur GIN Compound, Station Road, Ahmednagar– 414001, Maharashtra,
India |
|
Date of Birth/Age : |
09.02.1942 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.04.2010 |
|
DIN No. : |
00265804 |
|
|
|
|
Name : |
Mr. Rameshchandra Ramnath Dhoot |
|
Designation : |
Director |
|
Address : |
Madhuram Govind Nagar, Aurangabad – 431005, Maharashtra, India |
|
Date of Birth/Age : |
29.05.1945 |
|
Date of Appointment : |
20.09.1994 |
|
DIN No. : |
00351314 |
|
|
|
|
Name : |
Mr. Anurag Shrigopal Dhoot |
|
Designation : |
Whole Time Director |
|
Address : |
Gangapur GIN Compound, Station Road, Ahmednagar– 414001, Maharashtra,
India |
|
Date of Birth/Age : |
14.08.1970 |
|
Qualification : |
B.E. Tech |
|
Date of Appointment : |
01.04.2010 |
|
DIN No. : |
00265878 |
|
|
|
|
Name : |
Ms. Vaishali Dhoot |
|
Designation : |
Director |
|
Address : |
Gangapur Gin Compound, Sahakar Sabha Road, Station Road, Ahmednagar - 414001, Maharashtra, India |
|
Date of Appointment : |
10.02.2015 |
|
DIN No. : |
00687935 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Kerde |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Akshay Auti and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
Akshay Shri, 216, 4th Floor, N.C. Kelkar Road, Near Bhide
Bridge, Narayan Peth, Pune – 411030, Maharashtra, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Equity Shares |
No. of
Preference Shares |
|
Shrigopal Ramnath Dhoot |
341300 |
-- |
|
Pratibha Shrigopal Dhoot |
149465 |
-- |
|
Anuraag Shrigopal Dhoot |
70500 |
-- |
|
Vaishali Anuraag Dhoot |
69135 |
-- |
|
Shrigopal Ramnath Dhoot - HUF |
375600 |
-- |
|
Paritosh Anuraag Dhoot |
79000 |
-- |
|
Rameshchandra Ramnath Dhoot |
95000 |
-- |
|
Platinum Appliances Private Limited, India |
354000 |
-- |
|
Greenfield Appliances Private Limited, India |
354000 |
-- |
|
Shri Dhoot Trading and Agency Private Limited, India |
-- |
120250 |
|
Milkado Merchants Private Limited, India |
140000 |
-- |
|
TOTAL
|
2028000 |
120250 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
41.81 |
|
Directors
or relatives of directors |
39.67 |
|
Other
top fifty shareholders |
18.52 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Printed Circuit Boards. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Turkey |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
170 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
B. B. Bharadia and Company Chartered Accountants |
|
Address : |
5417, Ganje Galli, Ahmednagar - 414001, Maharashtra, India |
|
PAN No: |
AHEPB3065B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3547500 |
Equity Shares |
Rs.10/- each |
Rs.35.475 Million |
|
120250 |
Preferences Shares |
Rs.100/- each |
Rs.12.025 Million |
|
|
|
|
|
|
|
TOTAL
|
|
Rs.47.500
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2028000 |
Equity Shares |
Rs.10/- each |
Rs. 20.280
Million |
|
120250 |
Preferences Shares |
Rs.100/- each |
Rs. 12.025
Million |
|
|
|
|
|
|
|
TOTAL |
|
Rs. 32.305 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 |
32.305 |
30.905 |
30.905 |
|
(b) Reserves & Surplus |
182.719 |
163.405 |
167.657 |
|
(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) |
215.024 |
194.310 |
198.562 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
223.213 |
238.206 |
69.710 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
82.456 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
223.213 |
238.206 |
152.166 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
122.775 |
|
(b) Trade payables |
144.006 |
114.012 |
136.324 |
|
(c) Other current liabilities |
49.742 |
43.628 |
41.697 |
|
(d) Short-term provisions |
13.568 |
11.199 |
4.025 |
|
Total
Current Liabilities (4) |
207.316 |
168.839 |
304.821 |
|
|
|
|
|
|
TOTAL |
645.553 |
601.355 |
655.549 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
226.005 |
235.862 |
266.510 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
1.313 |
1.314 |
1.314 |
|
(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 |
227.318 |
237.176 |
267.824 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
123.700 |
100.771 |
91.537 |
|
(c) Trade receivables |
193.593 |
188.432 |
207.855 |
|
(d) Cash and cash equivalents |
28.500 |
24.399 |
31.539 |
|
(e) Short-term loans and
advances |
8.344 |
5.671 |
6.996 |
|
(f) Other current assets |
64.098 |
44.906 |
49.798 |
|
Total
Current Assets |
418.235 |
364.179 |
387.725 |
|
|
|
|
|
|
TOTAL |
645.553 |
601.355 |
655.549 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1006.578 |
931.150 |
792.370 |
|
|
Other Income |
4.900 |
4.243 |
5.196 |
|
|
TOTAL
(A) |
1011.478 |
935.393 |
797.566 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
581.153 |
547.921 |
464.089 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(10.746) |
0.396 |
(7.902) |
|
|
Employees benefits expense |
80.467 |
78.761 |
0.000 |
|
|
Other expenses |
260.783 |
212.126 |
259.785 |
|
|
TOTAL
(B) |
911.657 |
839.204 |
715.972 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
99.821 |
96.189 |
81.594 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
42.035 |
51.622 |
48.576 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
57.786 |
44.567 |
33.018 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
44.508 |
43.625 |
42.212 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
13.278 |
0.942 |
(9.194) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
7.824 |
5.193 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
5.454 |
(4.251) |
(9.194) |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
3.084 |
(4.252) |
0.000 |
|
|
Dividend |
2.513 |
0.000 |
0.000 |
|
|
Tax on Dividend |
0.021 |
0.000 |
0.000 |
|
|
Total
(M) |
5.618 |
(4.252) |
0.000 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
34.570 |
19.213 |
24.024 |
|
|
TOTAL
EARNINGS |
34.570 |
19.213 |
24.024 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
573.787 |
524.661 |
452.771 |
|
|
Consumable Stores and Others |
50.688 |
44.025 |
41.927 |
|
|
Capital Goods |
19.215 |
8.404 |
12.011 |
|
|
TOTAL
IMPORTS |
643.690 |
577.090 |
506.709 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.17 |
(0.14) |
(0.30) |
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 operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.54 |
(0.46) |
(1.16) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
9.92 |
10.33 |
10.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.06 |
0.16 |
(1.41) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.00 |
(0.05) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.04 |
1.23 |
0.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02 |
2.16 |
1.27 |
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 |
30.905 |
30.905 |
32.305 |
|
Reserves & Surplus |
167.657 |
163.405 |
182.719 |
|
Net
worth |
198.562 |
194.310 |
215.024 |
|
|
|
|
|
|
long-term borrowings |
69.710 |
238.206 |
223.213 |
|
Short term borrowings |
122.775 |
0.000 |
0.000 |
|
Total
borrowings |
192.485 |
238.206 |
223.213 |
|
Debt/Equity
ratio |
0.969 |
1.226 |
1.038 |
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 |
792.370 |
931.150 |
1006.578 |
|
|
|
17.515 |
8.101 |
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 |
792.370 |
931.150 |
1006.578 |
|
Profit |
(9.194) |
(4.251) |
5.454 |
|
|
(1.16%) |
(0.46%) |
0.54% |
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 |
Yes |
|
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 |
No |
|
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Working capital loans from banks |
124.491 |
115.879 |
|
Loan and advances from related parties |
34.377 |
51.018 |
|
Loan taken from vehicle |
29.143 |
37.109 |
|
|
|
|
|
Total |
188.011 |
204.006 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10183239 |
15/10/2009 |
192,200,000.00 |
State Bank of India |
Ahemadnagar Main Branch Opposite GPO, Station Road, Ahamadnagar, Maharashtra - 414001, INDIA |
A72629637 |
|
2 |
90090454 |
23/03/2005 * |
29,000,000.00 |
STATE BANK OF INDIA |
AHMEDABAD MAIN BRANCH, AHMEDABAD, Gujarat, INDIA |
- |
|
3 |
90090446 |
26/06/2013 * |
494,700,000.00 |
STATE BANK OF INDIA |
MAIN BRANCH, OPP
GPO,, STATION ROAD, AHMEDNAGAR, |
B79392999 |
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Electrical Installation
· Furniture and Fixture
· Tools and Equipment
· Vehicle
· Computers
· Air Conditioner
· Office 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 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.66.75 |
|
|
1 |
Rs.100.67 |
|
Euro |
1 |
Rs.70.87 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.