MIRA INFORM REPORT
|
Report No. : |
344352 |
|
Report Date : |
08.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
G M SYNTEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Dhanasingh Processors Compound, J B Nagar, Andheri Kurla Road, Mumbai
– 400059, Maharashtra |
|
Tel. No.: |
91-22-66921560 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.11.1999 |
|
|
|
|
Com. Reg. No.: |
11-122522 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.465 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17100MH1999PTC122522 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Export and Domestic Sales of Fabrics. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was promoted by Mr. Gurbakhshish Singh, it was incorporated in 1999 and is engaged in the manufacturing, exporting and domestic sales of fabrics. The company has its registered office in Andheri, Mumbai and manufacturing facility is set up at Tarapur in Maharashtra. It has satisfactory track record. The company possesses a decent financial profile marked by improving networth base as a result of fair profitability and liquidity. The rating also takes into consideration long standing promoter experience in the textile industry and the company's established client base. Trade relations are fair. Business is active. Payment terms are usually correct. The company can be considered for business dealing at usual trade term", and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits: BBB |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
February 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based limits – Bank Guarantee : A3+ |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
February 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Raut |
|
Designation : |
Engineer |
|
Contact No.: |
91-9890243972 |
|
Date : |
07.10.2015 |
LOCATIONS
|
Registered Office : |
Dhanasingh Processors Compound, J B Nagar, Andheri Kurla Road, Mumbai
– 400059, Maharashtra, India |
|
Tel. No.: |
91-22-66921560/ 61559898 |
|
Mobile No.: |
91-9890243972 (Mr. Satsheel Raut) |
|
Fax No.: |
91-22-66164014 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory: |
Plot No. D-21/1/1, Plot No. D-21/2/1, Plot No. E-37 and E-38, Plot No. E-32/1/1 and Plot No.E-32/1/2, M.I.D.C, Tarapur Industrial Area, Boisar, Thane -401506, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Ms. Ravinder Kaur Gurbakhshish Singh |
|
Designation : |
Director |
|
Address : |
801, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
28.01.1950 |
|
Date of Appointment : |
20.07.2005 |
|
PAN No.: |
ACYPC2650E |
|
DIN No. : |
00136434 |
|
|
|
|
Name : |
Mr. Dalbir Singh Gurbakhshish Singh |
|
Designation : |
Director |
|
Address : |
901, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
24.08.1981 |
|
Date of Appointment : |
20.07.2005 |
|
PAN No.: |
ACVPC4531F |
|
DIN No. : |
00136561 |
|
|
|
|
Name : |
Mrs. Chandeep Harvindersingh Chadha |
|
Designation : |
Director |
|
Address : |
901, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1986 |
|
Date of Appointment : |
04.12.2006 |
|
DIN No. : |
01031048 |
|
|
|
|
Name : |
Mr. Omkarnath Parmanand Malhotra |
|
Designation : |
Director |
|
Address : |
T-2/101, Sunder Nagar, S.V. Road, Malad (West), Mumbai – 400096, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1945 |
|
Date of Appointment : |
15.03.2009 |
|
DIN No. : |
01346267 |
|
|
|
|
Name : |
Mr. Gurbakhshish Singh |
|
Designation : |
Director |
|
Address : |
801, Daffodil Residents Association, N. S. Road, No. 7, JVPD Scheme, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
20.12.1949 |
|
Date of Appointment : |
03.11.1999 |
|
PAN No.: |
ACHPC1680R |
|
DIN No. : |
01332493 |
KEY EXECUTIVES
|
Name : |
Mr. Raut |
|
Designation : |
Engineer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Gurbakshish Singh |
62653 |
|
Raviderkaur G Singh Chugha |
60462 |
|
Dalbir Singh |
60559 |
|
Chandeep Kaur |
60000 |
|
Gurbakshish Singh HUF |
62033 |
|
Gurdeep Kaur |
24438 |
|
Jagdish Kaur |
24438 |
|
Dhanasingh Finishers Private Limited, |
58705 |
|
Kim Fashion Exports Private Limited, |
58700 |
|
Jagdish Polyster Private Limited, |
35000 |
|
Jagdish Kaur and Ms. Gurdeep Kaur |
4998 |
|
Manohar Fashion (Manufacturer) Private Limited, |
11775 |
|
|
121 |
|
Gagandeep Kaur |
2450 |
|
Pure Drapes Private Limited, |
60000 |
|
Dalbir Singh HUF |
60000 |
|
Dilpreet Kaur Batra |
100 |
|
Priya Malhotra |
100 |
|
Total |
646532 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
34.00 |
|
Directors or relatives of Directors |
66.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Export and Domestic Sales of Fabrics. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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||||||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
B.P. Trivedi and Associates Chartered Accountants |
|
Address : |
3 / 9 2 6 -R, Navjivan Comm Premises Co Operative Society, Lamington Road, Mumbai – 400008, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADPT6694C |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
646532 |
Equity Shares |
Rs.10/- each |
Rs. 6.465
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 |
6.465 |
6.464 |
6.464 |
|
(b) Reserves & Surplus |
865.015 |
761.246 |
692.730 |
|
(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) |
871.480 |
767.710 |
699.194 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
246.869 |
272.026 |
382.243 |
|
(b) Deferred tax liabilities
(Net) |
229.752 |
201.196 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
249.665 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
476.621 |
473.222 |
631.908 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
135.041 |
165.429 |
179.955 |
|
(b) Trade payables |
195.741 |
184.600 |
134.071 |
|
(c) Other current liabilities |
20.934 |
11.236 |
8.981 |
|
(d) Short-term provisions |
165.559 |
90.635 |
225.069 |
|
Total
Current Liabilities (4) |
517.275 |
451.900 |
548.076 |
|
|
|
|
|
|
TOTAL |
1865.376 |
1692.832 |
1879.178 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
723.552 |
705.904 |
791.436 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
5.392 |
33.164 |
51.209 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
4.438 |
4.438 |
4.438 |
|
(c) Deferred tax assets (net) |
58.024 |
54.864 |
42.335 |
|
(d) Long-term Loan and Advances |
15.490 |
17.002 |
16.916 |
|
(e) Other Non-current assets |
0.049 |
0.062 |
0.998 |
|
Total
Non-Current Assets |
806.945 |
815.434 |
907.332 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
294.099 |
252.931 |
204.413 |
|
(c) Trade receivables |
485.914 |
446.375 |
492.688 |
|
(d) Cash and cash equivalents |
8.733 |
8.585 |
5.367 |
|
(e) Short-term loans and
advances |
269.685 |
169.507 |
269.378 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1058.431 |
877.398 |
971.846 |
|
|
|
|
|
|
TOTAL |
1865.376 |
1692.832 |
1879.178 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2494.249 |
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
2494.249 |
2216.508 |
2145.860 |
|
|
|
|
|
|
|
Less |
EXPENSES |
2162.847 |
1920.035 |
1826.716 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
331.402 |
296.473 |
319.144 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
173.792 |
194.254 |
220.569 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
157.610 |
102.219 |
98.575 |
|
|
|
|
|
|
|
Less |
TAX |
53.841 |
33.704 |
33.253 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
103.769 |
68.515 |
65.322 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
160.50 |
105.99 |
101.00 |
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) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
4.16 |
3.09 |
3.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.77 |
6.39 |
5.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.13 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.44 |
0.57 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05 |
1.94 |
1.77 |
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 |
6.464 |
6.464 |
6.465 |
|
Reserves & Surplus |
692.730 |
761.246 |
865.015 |
|
Net
worth |
699.194 |
767.710 |
871.480 |
|
|
|
|
|
|
long-term borrowings |
382.243 |
272.026 |
246.869 |
|
Short term borrowings |
179.955 |
165.429 |
135.041 |
|
Total
borrowings |
562.198 |
437.455 |
381.910 |
|
Debt/Equity
ratio |
0.804 |
0.570 |
0.438 |
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) |
|
Total Income |
2145.860 |
2216.508 |
2494.249 |
|
|
|
3.292 |
12.531 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2145.860 |
2216.508 |
2494.249 |
|
Profit |
65.322 |
68.515 |
103.769 |
|
|
3.04% |
3.09% |
4.16% |
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 |
Yes |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
GENERAL INFORMATION
Subject incorporated as on 03.11.1999. Its main business activity is Manufacturing, Export and Domestic Sales of Fabrics. Its Registered Office at Dhana Singh Processors Compound, Wazir Glass Works Lane, Andheri - Kurla Road, J.B.Nagar, Andheri (East), Mumbai 400059, and its Manufacturing Units are at Plot No. D-21/1/1, Plot No. D-21/2/1, Plot No. E-37 and E-38, Plot No. E-32/1/1 and Plot No.E-32/1/2, M.I.D.C, Tarapur Industrial Area, Boisar, District Thane 401506.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10560563 |
09/12/2014 |
120,000,000.00 |
PUNJAB & SIND BANK |
101, SHAHEED BHAGAT
SINGH COLONY, J.B. NAGAR, AND |
C49638240 |
|
2 |
10587965 |
09/12/2014 |
15,000,000.00 |
PUNJAB & SIND BANK |
101, SHAHEED BHAGAT
SINGH COLONY, J.B. NAGAR, AND |
C62551965 |
|
3 |
10507650 |
03/04/2014 |
119,700,000.00 |
PUNJAB & SIND BANK |
ANDHERI (E) BRANCH,
SHAHEED BHAGAT SINGH COLONY, |
C10253797 |
|
4 |
10507643 |
14/02/2014 |
10,000,000.00 |
PUNJAB & SIND BANK |
ANDHERI EAST
BRANCH, SHAHEED BHAGAT SINGH COLONY, |
C10251288 |
|
5 |
10425573 |
16/04/2013 |
116,000,000.00 |
PUNJAB & SIND BANK |
ANDHERI (E) BR,
101, SHAHEED BHAGAT SINGH COLONY, |
B75090662 |
|
6 |
10339447 |
12/01/2012 |
38,000,000.00 |
PUNJAB & SIND BANK |
101, SHAHEED BHAGAT
SINGH COLONY, J.B. NAGAR, AND |
B33812389 |
|
7 |
10358389 |
11/06/2011 |
20,000,000.00 |
PUNJAB & SIND BANK |
101, SHAHEED BHAGAT
SINGH COLONY, J.B. NAGAR, AND |
B35327931 |
|
8 |
10260689 |
22/11/2010 |
89,500,000.00 |
PUNJAB & SIND BANK |
101, SHAHEED BHAGAT
SINGH COLONY, J.B. NAGAR, AND |
B03347721 |
|
9 |
10243113 |
12/07/2011 * |
673,800,000.00 |
PUNJAB & SIND BANK |
SHAHID BHAGAT SINGH
COLONY, J.B. NAGAR, ANDHERI-K |
B38085916 |
|
10 |
10236395 |
26/07/2010 |
25,000,000.00 |
PUNJAB & SIND BANK |
101, SHAHEED BHAGAT
SINGH COLONY, J.B. NAGAR, AND |
A92855105 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Vehicles
- Office equipment
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.65.26 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--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.