MIRA INFORM REPORT
|
Report No. : |
350104 |
|
Report Date : |
28.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
FORACE POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
10th KM Stone, Delhi Haridwar Road, Bahadrabad,
Haridwar-249402, Uttarakhand |
|
Tel. No.: |
91-1334-251823 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.12.1980 |
|
|
|
|
Com. Reg. No.: |
20-005172 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 18.499 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15142UR1980PTC005172 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TIN No.: |
05001786086 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTF00069G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACF2295B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Synthetic and Phenolic
Resins, Binders, Coatings, Foundry Chemicals. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1980 having satisfactory track. For the year 2014, the company has achieved decent sales turnover marked
by satisfactory profitability margin. Operational performance has improved as
compared to previous year. The company possesses adequate net worth base marked by decent
liquidity position. Trade relations reported as fair. Business is active. Payments terms
are usually 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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION DECLINED
MANAGEMENT NON-COOPERATIVE
(Contact No: 91-9219417550)
LOCATIONS
|
Registered Office : |
10th KM Stone, Delhi Haridwar Road, Bahadrabad,
Haridwar-249402, Uttarakhand, India |
|
Tel. No.: |
91-1334-251823/ 325988/ 325989 |
|
Mobile No.: |
91-9219417550 (Mr. Rakesh Yadav) |
|
Fax No.: |
91-1334-251824 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Ms. Rashmi Gupta |
|
Designation : |
Director |
|
Address : |
36, Nand Vihar, P O Gurukul Kangri, Hardwar-249402, Uttarakhand, India |
|
Date of Birth/Age : |
18.12.1956 |
|
Date of Appointment : |
04.04.2002 |
|
PAN No.: |
AAGPG4518D |
|
DIN No.: |
00785557 |
|
|
|
|
Name : |
Mr. Suresh Chandra Gupta |
|
Designation : |
Director |
|
Address : |
36 Nand Vihar, P O : Gurukul Kangri, Hardwar-249402, Uttarakhand,
India |
|
Date of Birth/Age : |
06.07.1951 |
|
Date of Appointment : |
27.12.1980 |
|
PAN No.: |
AAGPG4520P |
|
DIN No.: |
00785598 |
|
|
|
|
Name : |
Mr. Vikas Garg |
|
Designation : |
Managing director |
|
Address : |
38 Nand Vihar, P O : Gurukul Kangri, Hardwar-249402, Uttarakhand,
India |
|
Date of Birth/Age : |
16.02.1974 |
|
Date of Appointment : |
17.01.2007 |
|
PAN No.: |
ABIPG9637N |
|
DIN No.: |
00785646 |
|
|
|
|
Name : |
Sonia Garg |
|
Designation : |
Director |
|
Address : |
38 Nand Vihar, P O : Gurukul Kangri, Hardwar-249402, Uttarakhand,
India |
|
Date of Birth/Age : |
08.10.1973 |
|
Date of Appointment : |
17.01.2007 |
|
PAN No.: |
ACFPG2334L |
|
DIN No.: |
00786166 |
|
|
|
|
Name : |
Mr. Dipak Kumar Ghosh |
|
Designation : |
Director |
|
Address : |
27- A Arihant Vihar, P.O. Gurukul Kangri Kankhal, Haridwar-249404,
Uttarakhand, India |
|
Date of Birth/Age : |
24.09.1954 |
|
Date of Appointment : |
26.11.2008 |
|
PAN No.: |
ABJPG5889M |
|
DIN No.: |
02423195 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Yadav |
|
Designation : |
Assistant General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
18.00 |
|
Directors
or relatives of directors |
82.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Synthetic and Phenolic
Resins, Binders, Coatings, Foundry Chemicals. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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|||||||||||||||||||||||||||
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Bankers : |
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|||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Hemant
Arora and Company Chartered Accountants |
|
Address : |
354-B,
30, Civil Lines, Roorkee-247667, Uttarakhand, India. |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFH5128G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiary Company : |
FP
Specialty (Pty) Limited, South Africa |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs. 250.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 200.294
Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
184,990 |
Equity Shares |
Rs. 100/- each |
Rs. 18.499
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 |
18.499 |
18.499 |
18.499 |
|
(b) Reserves & Surplus |
301.596 |
268.145 |
230.627 |
|
(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) |
320.095 |
286.644 |
249.126 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
154.160 |
132.068 |
121.180 |
|
(b) Deferred tax liabilities (Net) |
5.933 |
6.119 |
1.332 |
|
(c)
Other long term liabilities |
7.656 |
0.960 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
1.660 |
|
Total
Non-current Liabilities (3) |
167.749 |
139.147 |
124.172 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
383.346 |
288.803 |
282.187 |
|
(b)
Trade payables |
570.220 |
479.370 |
388.991 |
|
(c)
Other current liabilities |
45.315 |
43.390 |
43.865 |
|
(d)
Short-term provisions |
16.319 |
14.485 |
18.076 |
|
Total
Current Liabilities (4) |
1015.200 |
826.048 |
733.119 |
|
|
|
|
|
|
TOTAL |
1503.044 |
1251.839 |
1106.417 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
188.256 |
174.877 |
82.964 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
1.873 |
57.600 |
|
(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 |
2.549 |
3.179 |
19.083 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
190.805 |
179.929 |
159.647 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
282.445 |
189.952 |
180.951 |
|
(c)
Trade receivables |
835.468 |
750.144 |
652.392 |
|
(d)
Cash and cash equivalents |
45.193 |
36.621 |
36.838 |
|
(e)
Short-term loans and advances |
89.589 |
91.574 |
74.505 |
|
(f)
Other current assets |
59.544 |
3.619 |
2.084 |
|
Total
Current Assets |
1312.239 |
1071.910 |
946.770 |
|
|
|
|
|
|
TOTAL |
1503.044 |
1251.839 |
1106.417 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover (Net) |
2241.303 |
1918.771 |
1754.360 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
49.149 |
47.401 |
43.139 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
13.559 |
15.566 |
14.274 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
35.590 |
31.835 |
28.865 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
273.634 |
239.499 |
192.883 |
|
|
TOTAL EARNINGS |
273.634 |
239.499 |
192.883 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
192.39 |
170.09 |
156.04 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
24.840 |
27.559 |
25.032 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
104.203 |
97.846 |
2.011 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.59 |
1.66 |
1.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.27 |
3.79 |
4.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.17 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.76 |
1.56 |
1.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.30 |
1.29 |
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 |
18.499 |
18.499 |
18.499 |
|
Reserves & Surplus |
230.627 |
268.145 |
301.596 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
249.126 |
286.644 |
320.095 |
|
|
|
|
|
|
Long-term borrowings |
121.180 |
132.068 |
154.160 |
|
Short term borrowings |
282.187 |
288.803 |
383.346 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
25.032 |
27.559 |
24.840 |
|
Total
borrowings |
428.399 |
448.430 |
562.346 |
|
Debt/Equity
ratio |
1.720 |
1.564 |
1.757 |
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) |
|
Turnover (Net) |
1754.360 |
1918.771 |
2241.303 |
|
|
|
9.372 |
16.809 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover (Net) |
1754.360 |
1918.771 |
2241.303 |
|
Profit |
28.865 |
31.835 |
35.590 |
|
|
1.65% |
1.66% |
1.59% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
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 |
10589616 |
31/08/2015 |
985,000.00 |
PUNJAB NATIONAL
BANK |
BRANCH OFFICE AHMEDPUR,,
RANIPUR MODE, HARIDWAR- 249401, |
C63504807 |
|
2 |
10589603 |
13/08/2015 |
668,000.00 |
PUNJAB NATIONAL
BANK |
BRANCH OFFICE
AHMEDPUR,, RANIPUR MODE, HARIDWAR- 249401, |
C63499560 |
|
3 |
10589606 |
13/08/2015 |
672,000.00 |
PUNJAB NATIONAL
BANK |
BRANCH OFFICE
AHMEDPUR,, RANIPUR MODE, HARIDWAR- 249401, |
C63501001 |
|
4 |
10589612 |
13/08/2015 |
707,000.00 |
PUNJAB NATIONAL
BANK |
BRANCH OFFICE AHMEDPUR,,
RANIPUR MODE, HARIDWAR- 249401, |
C63503304 |
|
5 |
10581265 |
29/06/2015 |
151,100,000.00 |
PUNJAB NATIONAL
BANK |
AHMEDPUR BRANCH,
RANIPUR MORE, HARIDWAR- 249401, UTTARAKHAND, INDIA |
C59508465 |
|
6 |
10316936 |
19/10/2011 |
460,000.00 |
PUNJAB NATIONAL
BANK |
AMHEDPUR BRANCH,
RANIPUR MORE, HARIDWAR- 249401, UTTARAKHAND, INDIA |
B25047549 |
|
7 |
10285856 |
09/04/2011 |
82,500,000.00 |
PUNJAB NATIONAL
BANK |
AHMEDPUR BRANCH,
RANIPUR MORE, HARIDWAR- 249401, UTTARAKHAND, INDIA |
B12593109 |
|
8 |
10227649 |
30/06/2010 |
897,208.00 |
PUNJAB NATIONAL
BANK |
AHMEDPUR BRANCH,
RANIPUR MORE, HARIDWAR- 249401, UTTARAKHAND, INDIA |
A89341002 |
|
9 |
10205391 |
19/02/2010 |
600,000.00 |
PUNJAB NATIONAL
BANK |
AHMEDPUR BRANCH,
RANIPUR MORE, HARIDWAR- 249401, UTTARAKH |
A80871122 |
|
10 |
10192507 |
22/12/2009 |
36,000,000.00 |
PUNJAB NATIONAL
BANK |
AHMEDPUR BRANCH,
RANIPUR MORE, HARIDWAR- 249401, UTTARAKHAND, INDIA |
A76137462 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
109.664 |
71.539 |
|
|
|
|
|
Total |
109.664 |
71.539 |
PERFORMANCE HIGHLIGHTS :
The company has completed
another successful year in 2013-14 and has registered a Net Profit of Rs.
35.589 Million. Net Worth of company has grown up from Rs 286.643 Million in
2012-13 to Rs. 320.094 Million in 2013-14 registering an increase of12%.
EXPANSION :
The plant for in house
production of PTSA ( ParaToluene Sulfonic Acid), one of the major raw-material,
plant erection and the commercial production shall start in March 2014.
The management has taken a
decision to produce 40 MT per day Formaldehyde under backward integration
programme. Project report is being submitted to bank for term loan and with the
State Pollution Control Board for their NOC. With the plant of Formaldehyde,
company shall meet its present requirement of approximately 25MT per day and
sale balance excess quantity produced. The management has also taken a decision
for installation of two more reactors and two blenders of 25 KL each to enhance
the capacity of Resin production. Decision has also been taken to install
pestillator machine for lump resin to reduce labor replacing the present labor
intensive manual operation.
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. 66.75 |
|
|
1 |
Rs. 100.68 |
|
Euro |
1 |
Rs. 70.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
47 |
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.