MIRA INFORM REPORT

 

 

Report No. :

343790

Report Date :

05.10.2015

 

IDENTIFICATION DETAILS

 

Name :

PRISM LOGISTIC PRIVATE LIMITED

 

 

Registered Office :

33A, Jawaharlal Nehru Road, 4th Floor, Chatterjee International Suite No. 3, Kolkata – 700071, West Bengal

Tel. No.:

91-33-22884416

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

02.01.2003

 

 

Com. Reg. No.:

21-095600

 

 

Capital Investment / Paid-up Capital :

Rs.1.760 Million

 

 

CIN No.:

[Company Identification No.]

U63090WB2003PTC095600

 

 

IEC No.:

0211011509

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AADCP0377P

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged into transportation and logistics services.

 

 

No. of Employees :

400 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 88000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was set up in 2003. It has satisfactory track record.

 

The company possesses a decent profile marked by decent networth base along with fair liquidity.

 

Trade relations are reported as fair. Business is active. Payment terms are reported to be usually correct and as per commitments.

 

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

 

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. Surjit

Designation :

Senior Accountant

Contact No.:

91-33-22884416

Date :

03.10.2015

 

 

LOCATIONS

 

Registered Office :

33A, Jawaharlal Nehru Road, 4th Floor, Chatterjee International Suite No. 3, Kolkata – 700071, West Bengal, India

Tel. No.:

91-33-22884416

Fax No.:

Not Available

E-Mail :

prismlogistics@vsnl.net

accounts@prismlogistic.in

ravisaraw@yahoo.com

Website :

www.prismlogistics.in

Location :

Rented

Locality :

Commercial

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Ms. Sarika Banka

Designation :

Director

Address :

132/1, Mahatama Gandhi Road, Kolkata - 700007, West Bengal, India

Date of Birth/Age :

08.03.1968

Date of Appointment :

15.05.2010

DIN No.:

00261855

Other Directorship :

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U27109WB1994PTC061942

ODC ENGINEERING AND CONSTRUCTION PRIVATE LIMITED

Director

25/02/1994

25/02/1994

-

Active

NO

2

U45209WB2004PTC100315

RUBY PROJECTS PRIVATE LIMITED

Director

04/11/2004

04/11/2004

-

Active

NO

3

U51109WB2006PTC108438

MUKTAMANI VANIJYA PRIVATE LIMITED

Director

25/06/2007

25/06/2007

-

Active

NO

4

U63090WB2003PTC095600

PRISM LOGISTIC PRIVATE LIMITED

Director

15/05/2010

01/01/2008

-

Active

NO

5

U70101WB2006PTC111188

PRISM ENCLAVES PRIVATE LIMITED

Director

01/09/2009

01/09/2009

-

Active

NO

6

U70102WB2010PTC154201

TREND INFRA REALTORS PRIVATE LIMITED

Director

21/10/2010

21/10/2010

-

Active

NO

 

 

Name :

Mr. Aditya Banka

Designation :

Director

Address :

6, Ballygunge Park Road, Kolkata - 700019, West Bengal, India

Date of Birth/Age :

03.02.1964

Date of Appointment :

02.01.2003

DIN No.:

00394595

 

Other Directorship :

S. No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U51432WB1984PTC038135

ADITYA PROJECTS PRIVATE LIMITED

Director

09/11/1984

09/11/1984

-

Active

NO

2

U63090WB1986PTC041567

ODC LOGISTICS PRIVATE LIMITED

Director

02/12/1986

02/12/1986

26/03/2012

Active

NO

3

U27109WB1994PTC061942

ODC ENGINEERING AND CONSTRUCTION PRIVATE LIMITED

Director

22/06/1994

22/06/1994

-

Active

NO

4

U70102WB1995PTC072100

BALDEO PROJECTS PRIVATE LIMITED

Director

12/06/1995

12/06/1995

-

Active

NO

5

U63090WB2003PTC095600

PRISM LOGISTIC PRIVATE LIMITED

Director

02/01/2003

02/01/2003

-

Active

NO

6

U51109WB2006PTC108438

MUKTAMANI VANIJYA PRIVATE LIMITED

Director

10/05/2006

10/05/2006

-

Active

NO

7

U70101WB2006PTC111188

PRISM ENCLAVES PRIVATE LIMITED

Director

29/07/2006

29/07/2006

-

Active

NO

8

U60200WB2008PTC129066

RUBY INFRALOGISTICS PRIVATE LIMITED.

Director

04/09/2008

04/09/2008

-

Active

NO

9

U63010WB2010PTC152273

V R INFRALOGISTICS PRIVATE LIMITED

Director

13/08/2010

13/08/2010

-

Active

NO

10

U70102WB2010PTC154201

TREND INFRA REALTORS PRIVATE LIMITED

Director

21/10/2010

21/10/2010

-

Active

NO

11

AAC-6408

AVISHI PROJECTS LLP

Designated Partner

27/08/2014

27/08/2014

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Surjit

Designation :

Senior Accountant

 

 

MAJOR SHAREHOLDERS

 

As on 30.09.2014

 

Names of Shareholders

No. of Shares

Aditya Banka

11000

Sanjay Banka

5000

Ruby Projects Private Limited, India

80000

Prism Enclaves Private Limited, India

80000

Total

176000

 

As on 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Bodies corporate

90.91

Directors or relatives of Directors

9.09

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged into transportation and logistics services.

 

 

Products / Services :

Transportation and Logistics Services

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Available

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

PRODUCTION STATUS = NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

Dealers

Reference :

South Asian Petrochem Limited

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

  • Bhushan Steel Limited
  • Balmer Lawrie and Company Limited
  • Bhushan Power and Steel Limited
  • Zoom Developers Limited.
  • Siemens Limited.
  • Electro Steel Castings Limited.
  • Mcnally Bharat Engineering Company Limited.
  • ALSTOM Projects India Limited.
  • Areva T&D India Limited
  • Asea Brown Bovery Limited
  • Bharat Heavy Electricals Limited
  • BOC India Limited
  • Crompton Greaves Limited
  • Damodar Valley Corporation
  • GMMCO Limited
  • Hindalco Industries Limited (Renusagar Power Division)
  • Hyderabad Industries Limited
  • Larsen and Toubro Limited
  • Technip Italy S.p.A.
  • TPK [India] Private Limited
  • Transformers And Electrical Kerala Limited
  • Tata Iron and Steel Company Limited.
  • Usha Martin Industries Limited
  • The W.B.P. Dev. Corp. Limited
  • Villai Steel Plant
  • Humboldt Wadag India Private Limited

 

 

No. of Employees :

400 (Approximately)

 

 

Bankers :

Banker Name

HDFC Bank Limited

Branch Address

Central Plaza, Kolkata, West Bengal, India

Person Name (With Designation)

Not Divulged

Contact Number

91-33-40040904 (Ringing)

Name of Account Holder

Not Divulged

Account Number

00142020000187

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

  • HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower Parel West, Mumbai – 400013, Maharashtra, India
  • ICICI Bank Limited

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Loan from HDFC Bank Limited (Hypothecation of Hydraulic Modular Trailer)

0.000

1.941

Loan from ICICI Bank (Hypothecation of Car)

0.742

1.112

Loan from Kotak Mahindra Bank (Hypothecation of Prima Puller)

5.793

12.736

SREI EQUP Finance Limited (Hypothecation of Axles and Volvo)

19.713

25.461

Total

26.248

41.250

 

Financial Institutions:

SREI Equipment Finance Private Limited, 'Vishwakarma', 86c, Topsia Road, Kolkata, West Bengal - 700046, India

 

 

Auditors :

 

Name :

Jainsarawgee and Company

Chartered Accountants

Address :

32A, Trust House (2nd Floor), Chittaranjan Avenue, Kolkata – 700012, West Bengal, India

Tel. No.:

91-33-22121083 / 3861

Mobile No.:

91-9831179256

E-Mail :

ravisaraw@yahoo.com

PAN No.:

AADFJ6256G

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Enterprise in which Aditya banka, the director of prism logistics in also a director (As on 31.03.2013) :

Trend Infra Realtors Private Limited

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

350000

Equity Shares

Rs.10/- each

Rs.3.500 Million

 

Issued, Subscribed & Paid-up Capital:

No. of Shares

Type

Value

Amount

 

 

 

 

176000

Equity Shares

Rs.10/- each

Rs.1.760 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

1.760

1.760

1.760

(b) Reserves & Surplus

29.101

25.349

24.781

(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)

30.861

27.109

26.541

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

29.018

43.905

56.300

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(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)

29.018

43.905

56.300

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

0.000

0.000

0.000

(c) Other current liabilities

75.898

81.377

31.108

(d) Short-term provisions

10.312

8.379

6.937

Total Current Liabilities (4)

86.210

89.756

38.045

 

 

 

 

TOTAL

146.089

160.770

120.886

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

26.212

40.191

61.267

(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

10.500

8.500

8.500

(c) Deferred tax assets (net)

2.755

2.438

0.895

(d)  Long-term Loan and Advances

0.076

0.065

0.053

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

39.543

51.194

70.715

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

0.000

0.000

0.000

(c) Trade receivables

68.236

84.003

20.095

(d) Cash and cash equivalents

9.363

7.291

12.065

(e) Short-term loans and advances

28.947

18.282

18.011

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

106.546

109.576

50.171

 

 

 

 

TOTAL

146.089

160.770

120.886

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

386.092

293.540

323.465

 

Other Income

0.483

0.501

0.573

 

TOTAL

386.575

294.041

324.038

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Operative Expenses

 

239.708

278.454

 

Employees benefits expense

9.152

7.520

 

Other expenses

 

14.192

8.767

 

TOTAL

263.052

294.741

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

30.989

29.297

 

 

 

 

 

Less

FINANCIAL EXPENSES

4.373

5.958

4.398

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

(Including Depreciation expenses)

25.031

24.899

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

 

24.350

22.435

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

5.430

0.681

2.464

 

 

 

 

 

Less

TAX

1.679

0.113

0.762

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

3.751

0.568

1.702

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

14.209

13.641

11.939

 

 

 

 

 

 

Balance Carried to the B/S

17.960

14.209

13.641

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

21.31

3.22

9.67

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

270.000

(Due to market fluctuation)

 

The above information has been parted by Mr. Surjit (Senior Accountant).

 

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

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT/Sales)

(%)

0.97

0.19

0.53

 

 

 

 

 

Operating Profit Margin

(PBDIT / Sales)

(%)

NA

10.56

9.06

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

4.09

0.45

2.21

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.18

0.03

0.09

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

0.94

1.62

2.12

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.24

1.22

1.32

 

 

 

 

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

1.760

1.760

1.760

Reserves & Surplus

24.781

25.349

29.101

Net worth

26.541

27.109

30.861

 

 

 

 

long-term borrowings

56.300

43.905

29.018

Short term borrowings

0.000

0.000

0.000

Total borrowings

56.300

43.905

29.018

Debt/Equity ratio

2.121

1.620

0.940

 

 

 

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)

Revenue from operations

323.465

293.540

386.092

 

 

(9.251)

31.530

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Revenue from operations

323.465

293.540

386.092

Profit

1.702

0.568

3.751

 

0.53%

0.19%

0.97%

 

 

 

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

Yes

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 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

 

Note:

Registered address has been shifted from the 33A, Jawahar Lal Nehru Road, 4th Floor, Road No. 11, Kolkata - 700071, West Bengal, India to the present address w.e.f. 16.12.2013

 

 

UNSECURED LOAN

(Rs. In Million)

Particulars

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

From Body Corporates

2.770

2.655

Total

2.770

2.655

 

 

INDEX OF CHARGES

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10391039

29/11/2012

50,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA

B63771737

2

10348036

15/03/2012

7,600,000.00

SREI EQUIPMENT FINANCE PRIVATE LIMITED

'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA, WEST BENGAL - 700046, INDIA

B37101888

3

10304198

27/07/2011

20,814,723.00

SREI EQUIPMENT FINANCE PRIVATE LIMITED

'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA - 700046, WEST BENGAL, INDIA

B19627975

4

10281714

18/03/2011

27,216,000.00

KOTAK MAHINDRA BANK LIMITED

36-38A, NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA

B11056439

5

10263469

10/11/2014 *

57,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA

C37787983

6

10202217

29/01/2010

4,725,000.00

HDFC BANK LIMITED

HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL 
WEST, MUMBAI - 400013, MAHARASHTRA, INDIA

A79565677

7

10081850

01/11/2007

9,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI - 400013, MAHARASHTRA, INDIA

A29545795

 

* Date of charge modification

 

FIXED ASSETS

 

  • Furniture and Fittings
  • Computer
  • Motor Cycle
  • Office Equipment
  • Electric Installation
  • Motor Car
  • Tools and Machinery
  • Hydraulic Modular Trailor
  • Telephone

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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

UK Pound

1

Rs.99.17

Euro

1

Rs.73.07

 

 

INFORMATION DETAILS

 

Information Gathered by :

KMN

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

PNM

 

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

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

 

45

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.