MIRA INFORM REPORT
|
Report No. : |
343331 |
|
Report Date : |
03.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIR SHADILAL DISTILLERY AND CHEMICALS WORKS UNIT OF SVP INDUSTRIES
LIMITED |
|
|
|
|
Formerly Known
As : |
UTTER PRADESH PULP AND PAPER MILLS LIMITED |
|
|
|
|
Registered
Office : |
Masurpur, District, Muzaffar Nagar – 251203, Uttar Pradesh |
|
Tel. No.: |
91-11-26465524 / 26465526 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.10.1961 |
|
|
|
|
Com. Reg. No.: |
20-002861 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.86.215 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21011UP1961PLC002861 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTS01550D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECS3637L |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Marketing and sales of industrial Alcohol, Ethanol
Country liquor and Indian made foreign liquor. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
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 1961, it is engaged into
manufacturing, marketing and sales of industrial alcohol, country liquor and
bottling for IMFL. SVP Industries Limited presently has a molasses based distillery plant
Sir Shadi Lal Distillery and Chemicals Works in Mazaffarnagar which is based
on the Rectified Spirits wash process. The rating takes consideration on company long history of operations
and extensive experience of the promoters in the distillery industry,
considerably increasing revenue for FY-14 compared to FY-13 along with
increase in the net worth base. Rating further gain strength on company decent financial risk profile,
marked by healthy reserves position and above average debt coverage
indicators of the company. This rating is partially offset by increasing volatility in raw
material process, fluctuation of the profit margin due to constant change in
excise duties and working capital intensive nature of business. However, trade relations are fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered normal 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 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Sanjay |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-11-26465524 |
|
Date : |
30.09.2015 |
LOCATIONS
|
Registered Office / Factory : |
Masurpur, District, Muzaffar Nagar – 251203, Uttar Pradesh, India |
|
Tel. No.: |
91-11-26465524 / 26465526 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Satyam House – Groud Floor, 59/15, Guru Ravi Pass Marg, Kalkaji Extn.
New Delhi – 110019, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Govind Swarup |
|
Designation : |
Managing director |
|
Address : |
21-B/1, Friends Colony (West), New Delhi - 110065, India |
|
Date of Appointment : |
01.03.1992 |
|
DIN No.: |
00003145 |
|
|
|
|
Name : |
Mr. Arun Kumar Swarup |
|
Designation : |
Director |
|
Address : |
W-15/13 Western Avenue, Sainik Farm, New Delhi - 110062, India |
|
Date of Appointment : |
29.09.2001 |
|
DIN No.: |
00286677 |
|
|
|
|
Name : |
Mr. Madhav Kumar Swarup |
|
Designation : |
Managing director |
|
Address : |
51A, Friends Colony (East), New Delhi - 110065, India |
|
Date of Appointment : |
01.03.1992 |
|
DIN No.: |
00497406 |
|
|
|
|
Name : |
Mr. Harsaran Gupta |
|
Designation : |
Whole-Time Director |
|
Address : |
Quanoon Goyan, Khatauli, Muzaffarnagar - 251203, Uttar Pradesh, India |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
00642249 |
|
|
|
|
Name : |
Mr. Prabhat Kumar Swarup |
|
Designation : |
Managing director |
|
Address : |
D-15,, Maharani Bagh, New Delhi -110001, India |
|
Date of Appointment : |
02.05.1994 |
|
DIN No.: |
01959234 |
|
|
|
|
Name : |
Mr. Rajiv Bajpai |
|
Designation : |
Additional director |
|
Address : |
55, Block - C, Sector - 10, Vasundhara,, Ghaziabad - 201012, Uttar Pradesh, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
05169212 |
|
|
|
|
Name : |
Mr. Rahul Vashishtha |
|
Designation : |
Additional Director |
|
Address : |
Hn 16, First Floor, Back Side, Ashoka Enclave Main, Sector-34, Faridabad - 121003, Haryana, India |
|
Date of Appointment : |
31.03.2015 |
|
DIN No.: |
06384744 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay |
|
Designation : |
Accounts Head |
|
|
|
|
Name : |
Ms. Kanika Kharbanda |
|
Designation : |
Company Secretary |
|
Address : |
H.No.1906, Ward No.7, Sector 6, Karnal - 132001, Haryana, India |
|
Date of Appointment : |
06.06.2015 |
|
PAN No.: |
DMBPK8218L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Manju Rani Swarup |
|
513512 |
|
Abha Rani Modi |
|
59504 |
|
Radha Rani Modi |
|
25816 |
|
Rashmi Gupta |
|
25816 |
|
Shefali Gupta |
|
4000 |
|
Shalini Gupta |
|
11272 |
|
Rahul Kumar Swarup |
|
858200 |
|
Prabhat Kumar Swarup |
|
1290000 |
|
Neera Rani Jalan |
|
26544 |
|
Amit Gupta |
|
15272 |
|
Vivek Gupta |
|
11272 |
|
Adarsh Swarup |
|
845072 |
|
Sanjeev Swarup |
|
585680 |
|
Namita Kumari Khemka |
|
20000 |
|
Vasavi Swarup |
|
80000 |
|
Shrawan Kumar Swarup |
|
267296 |
|
Asha Kumari Swarup |
|
171144 |
|
Govind Swarup |
|
593600 |
|
Harsh Swarup |
|
398680 |
|
Sidharth Swarup |
|
400000 |
|
Vibha Swarup |
|
1010576 |
|
Bina Kumari |
|
32544 |
|
Ajay Kumar Swarup |
|
687860 |
|
Shekhar Swarup |
|
687860 |
|
Total |
|
8621520 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Marketing and sales of Industrial Alcohol, Ethanol
Country liquor and Indian made foreign liquor. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Depend |
|
|
|
|
Purchasing : |
Depend |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
300 (Approximately) |
|||||||||||||||||||||||||||
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Bankers : |
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|||||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
B.R. Maheshwari and Company Chartered Accountants |
|
Address : |
M-118, Con. Circus, New Delhi-110001, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFB4175E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
Mansurpur Sale And Services Private Limited U74899DL1994PTC058738 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8621520 |
Equity Shares |
Rs.10/- each |
Rs.86.215
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 |
86.215 |
86.215 |
86.215 |
|
(b) Reserves & Surplus |
312.469 |
288.115 |
266.052 |
|
(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) |
398.684 |
374.330 |
352.267 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
203.862 |
166.346 |
95.339 |
|
(b) Deferred tax liabilities
(Net) |
38.060 |
37.308 |
36.430 |
|
(c) Other long term
liabilities |
67.427 |
61.962 |
64.789 |
|
(d) long-term provisions |
16.696 |
15.220 |
13.211 |
|
Total
Non-current Liabilities (3) |
326.045 |
280.836 |
209.769 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
145.592 |
147.630 |
118.846 |
|
(b) Trade payables |
114.161 |
109.236 |
99.286 |
|
(c) Other current liabilities |
430.580 |
149.149 |
108.753 |
|
(d) Short-term provisions |
25.948 |
44.536 |
71.048 |
|
Total
Current Liabilities (4) |
716.281 |
450.551 |
397.933 |
|
|
|
|
|
|
TOTAL |
1441.010 |
1105.717 |
959.969 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
405.971 |
425.644 |
429.830 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
19.173 |
19.835 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.493 |
0.493 |
5.621 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
68.300 |
68.300 |
78.300 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
493.937 |
514.272 |
513.751 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
200.777 |
160.798 |
122.421 |
|
(c) Trade receivables |
192.587 |
146.476 |
114.458 |
|
(d) Cash and cash equivalents |
27.124 |
29.275 |
52.237 |
|
(e) Short-term loans and
advances |
61.579 |
43.205 |
32.669 |
|
(f) Other current assets |
465.006 |
211.691 |
124.433 |
|
Total
Current Assets |
947.073 |
591.445 |
446.218 |
|
|
|
|
|
|
TOTAL |
1441.010 |
1105.717 |
959.969 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1106.386 |
930.235 |
873.258 |
|
|
Other Income |
14.032 |
15.017 |
10.622 |
|
|
TOTAL
(A) |
1120.418 |
945.252 |
883.880 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
695.618 |
530.454 |
234.968 |
|
|
Purchases of Stock-in-Trade |
77.583 |
94.468 |
57.192 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(17.636) |
(26.643) |
(24.990) |
|
|
Employees benefits expense |
55.673 |
47.656 |
44.416 |
|
|
Exceptional Items |
(0.168) |
0.000 |
(20.407) |
|
|
Other expenses |
211.142 |
208.686 |
489.060 |
|
|
TOTAL
(B) |
1022.212 |
854.621 |
780.239 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
98.206 |
90.631 |
103.641 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
35.155 |
30.562 |
35.162 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
63.051 |
60.069 |
68.479 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
30.959 |
30.142 |
27.664 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
32.092 |
29.927 |
40.815 |
|
|
|
|
|
|
|
Less |
TAX (H) |
6.851 |
6.978 |
2.665 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
25.241 |
22.949 |
38.150 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.00 |
0.00 |
0.00 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
17.308 |
18.324 |
36.720 |
|
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) |
(%) |
2.28 |
2.47 |
4.37 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.88 |
9.74 |
11.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.26 |
2.76 |
4.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.08 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.92 |
0.89 |
0.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.31 |
1.12 |
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 |
86.215 |
86.215 |
86.215 |
|
Reserves & Surplus |
266.052 |
288.115 |
312.469 |
|
Net
worth |
352.267 |
374.330 |
398.684 |
|
|
|
|
|
|
long-term borrowings |
95.339 |
166.346 |
203.862 |
|
Short term borrowings |
118.846 |
147.630 |
145.592 |
|
Current Maturities of
Long-Term Debts |
36.720 |
18.324 |
17.308 |
|
Total
borrowings |
250.905 |
332.300 |
366.762 |
|
Debt/Equity
ratio |
0.712 |
0.888 |
0.920 |
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 |
873.258 |
930.235 |
1106.386 |
|
|
|
6.525 |
18.936 |
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 |
873.258 |
930.235 |
1106.386 |
|
Profit |
38.150 |
22.949 |
25.241 |
|
|
4.37% |
2.47% |
2.28% |
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
9.665 |
12.768 |
|
Loans and advances from others |
155.500 |
137.500 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
8.718 |
10.718 |
|
Total |
173.883 |
160.986 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10281945 |
15/04/2011 |
4,500,000.00 |
ADARSH MAHILA MERCANTILE CO-OPERATIVE BANK LIMITED |
10-A, NEW MANDI, MUZAFFARNAGAR, Uttar Pradesh - 251001, INDIA |
B11392628 |
|
2 |
10281946 |
15/04/2011 |
4,500,000.00 |
ADARSH MAHILA MERCANTILE CO-OPERATIVE BANK LIMITED |
10-A, NEW MANDI, MUZAFFARNAGAR, Uttar Pradesh - 251001, INDIA |
B11392669 |
|
3 |
10150174 |
13/03/2015 * |
499,100,000.00 |
State Bank of India |
RAILWAY ROAD, MUZAFFARNAGAR, Uttar Pradesh - 251001, INDIA |
C49618267 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- 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 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.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
49 |
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.