MIRA INFORM REPORT
|
Report No. : |
343209 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALLIED PUBLISHERS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
ALLIED PUBLISHERS AND STATIONERY MANUFACTURES LIMITED |
|
|
|
|
Registered
Office : |
Dhubhash House 15 J N Heredia Marg, Ballard Estate, Mumbai – 400001,
Maharashtra |
|
Tel. No.: |
91-22-42126930/31/69 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.07.1934 |
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|
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Com. Reg. No.: |
11-002133 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 1.610 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36991MH1934PTC002133 |
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|
|
|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Distributor and service provider of information products, book,
journals and e-resources. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 210000 |
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|
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|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an old well-established company incorporated in the year
1934. It is having satisfactory track. Rating takes into consideration long established track record of the company
as distributor and publishers of books. Further rating considered above average financial risk profile of the
company marked by adequate networth base along with comfortable gearing in
FY2014. However, the company has reported slight dip in its turnover in the
year under consideration along with thin profit margin. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of aforesaid, the company can be considered for business
dealings with 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 PARTED BY
|
Name : |
Mr. Santosh Nair |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-42126930 |
|
Date : |
30.09.2015 |
LOCATIONS
|
Registered Office : |
Dhubhash House 15 J N Heredia Marg, Ballard Estate, Mumbai – 400001,
Maharashtra |
|
Tel. No.: |
91-22-42126930/31/69 |
|
Fax No.: |
91-22-22617928 |
|
E-Mail : |
mumbai.books@alliedpublishers.com
|
|
Website : |
DIRECTORS
As on 10.09.2014
|
Name : |
Mr. Sunil Sachdev |
|
Designation : |
Managing Director |
|
Address : |
65, Sunder Nagar, New Delhi, 110003, Delhi, India |
|
Date of Birth/Age : |
26.08.1948 |
|
Date of Appointment : |
06.06.1969 |
|
DIN No.: |
00856111 |
|
|
|
|
Name : |
Mr. Arjun Satyamohan Sachdev |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No B/10, Ananta, 762, Dr Rajabali Patel Road,, Cumballa Hill,, Mumbai, 400026, Maharashtra, India |
|
Date of Birth/Age : |
05.01.1979 |
|
Date of Appointment : |
05.12.2005 |
|
DIN No.: |
01214904 |
|
|
|
|
Name : |
Mr. Ravi Sachdev |
|
Designation : |
Whole-Time Director |
|
Address : |
65, Sunder Nagar, New Delhi, 110003, Delhi, India |
|
Date of Birth/Age : |
07.04.1955 |
|
Date of Appointment : |
25.10.1976 |
|
DIN No.: |
00856065 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Nair |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sachdev Ramanand Sunil |
|
5362 |
|
Sachdev Ramanand Ravi |
|
5362 |
|
S.S.Publishing Company Private Limited |
|
5 |
|
Sachdev Ramanand Sunil (HUF) |
|
1 |
|
Sachdev Ramanand Ravi (HUF) |
|
1 |
|
Sachdev Sunil Renu |
|
1 |
|
Sachdev Sunil Suparna |
|
1 |
|
Sachdev Ravi Tripti |
|
1 |
|
Sachdev Ravi Aditi |
|
1 |
|
Sachdev Ravi Anita |
|
1 |
|
Sachdev Sunil Amit |
|
1 |
|
Sachdev Ravi Dipti |
|
1 |
|
Tandon Inder |
|
1 |
|
Sachdev Satyamohan Arjun |
|
5365 |
|
Total |
|
16104 |
Equity Share Break up (Percentage of Total Equity)
As on 10.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.03 |
|
Directors or relatives of Directors |
99.97 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor and service provider of information products, book,
journals and e-resources. |
|
|
|
|
Products : |
Not Available |
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|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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|
Selling : |
Cash / Credit (30/60/90 Days) |
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|
|
|
Purchasing : |
Cash / Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Periera and Subramanian Chartered Accountants |
|
Address : |
D-207, Shivashish, Opposite Shoppers Stop, S V Road Andheri West,
Mumbai -400058, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAFFP7300M |
|
|
|
|
Memberships : |
-- |
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|
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|
Collaborators : |
-- |
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|
|
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Associates Company : |
·
Allied Chambers India Limited |
|
|
|
|
Subsidiary Company : |
·
Services Press Publications Private Limited CIN No.: U74899DL1971PTC005531 ·
Radiant E Quest Limited CIN No.: U22219DL1993PLC053477 ·
Fancy Plastic Moulders Private Limited CIN No.: U25200DL1973PTC006820 |
|
|
|
|
Sister concern : |
·
Allied Publishers Subscription Agency ·
Radiant E-Quest Limited |
CAPITAL STRUCTURE
As on 10.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16,104 |
Equity Shares |
Rs.100/- each |
Rs. 1.610
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 |
1.610 |
1.610 |
1.610 |
|
(b) Reserves & Surplus |
70.870 |
68.146 |
64.823 |
|
(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) |
72.480 |
69.756 |
66.433 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
70.528 |
77.419 |
88.443 |
|
(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) |
70.528 |
77.419 |
88.443 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
178.711 |
171.490 |
156.628 |
|
(c) Other current
liabilities |
21.705 |
24.996 |
9.546 |
|
(d) Short-term
provisions |
1.488 |
1.688 |
1.971 |
|
Total Current
Liabilities (4) |
201.904 |
198.174 |
168.145 |
|
|
|
|
|
|
TOTAL |
344.912 |
345.349 |
323.021 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
9.883 |
8.697 |
9.760 |
|
(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 |
1.472 |
1.472 |
1.472 |
|
(c) Deferred tax assets (net) |
2.847 |
2.477 |
5.129 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.156 |
0.156 |
0.156 |
|
Total Non-Current
Assets |
14.358 |
12.802 |
16.517 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
57.411 |
60.329 |
65.119 |
|
(c) Trade
receivables |
250.713 |
250.877 |
219.207 |
|
(d) Cash
and cash equivalents |
14.373 |
10.219 |
7.294 |
|
(e)
Short-term loans and advances |
7.683 |
11.070 |
14.569 |
|
(f) Other
current assets |
0.374 |
0.052 |
0.315 |
|
Total
Current Assets |
330.554 |
332.547 |
306.504 |
|
|
|
|
|
|
TOTAL |
344.912 |
345.349 |
323.021 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
329.173 |
410.268 |
400.361 |
|
|
|
|
Due to Market
Down |
|
|
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.687 |
6.429 |
6.436 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.366 |
1.327 |
1.457 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.321 |
5.102 |
4.979 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.300 |
1.500 |
1.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.021 |
3.602 |
3.479 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.648 |
1.326 |
1.339 |
|
|
|
|
|
|
|
|
|
Less |
Income
tax adjustment |
0.109 |
0.091 |
0.021 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
3.000 |
3.000 |
3.000 |
|
|
|
Dividend |
0.027 |
0.027 |
0.068 |
|
|
|
Tax on Dividend |
0.161 |
0.161 |
0.403 |
|
|
BALANCE CARRIED
TO THE B/S |
1.372 |
1.648 |
1.326 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
F.O.B. Export Value |
16.204 |
12.272 |
12.944 |
|
|
TOTAL EARNINGS |
16.204 |
12.272 |
12.944 |
|
|
|
|
|
|
|
|
|
|
Value of Import
on CIF Basis |
31.173 |
72.747 |
70.008 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
187.58 |
223.65 |
216.04 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
400.000 |
The above information has been parted by Mr. Santosh Nair (Accounts
Manager)
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 flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.92 |
0.88 |
0.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.27 |
1.49 |
1.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.07 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64 |
1.68 |
1.82 |
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 |
1.610 |
1.610 |
1.610 |
|
Reserves & Surplus |
64.823 |
68.146 |
70.870 |
|
Net
worth |
66.433 |
69.756 |
72.480 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
400.361 |
410.268 |
329.173 |
|
|
|
2.475 |
(19.766) |
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 |
400.361 |
410.268 |
329.173 |
|
Profit |
3.479 |
3.602 |
3.021 |
|
|
0.87% |
0.88% |
0.92% |
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 |
Yes |
|
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 four years |
Yes |
|
27] |
Reasons for variation <> 20% |
Yes |
|
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 |
Yes |
|
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 |
10538021 |
19/01/2015 * |
49,500,000.00 |
Bank of India |
4/8, Asaf Ali Road,, Asaf Ali Road, Delhi - 110002, INDIA |
C44590164 |
* Date of charge modification
FIXED ASSETS
- Plant and machinery
- Furniture and fixture
- Motor cycle
- Office equipment
- Computers
- Air conditioner
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.65.74 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
50 |
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.