MIRA INFORM REPORT
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Report No. : |
345208 |
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Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHALLA TECHTRAN INDUSTRIES LIMITED (w.e.f. 27.02.1995) |
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Formerly Known
As : |
BHALLA TECHTRAN INDUSTRIES PRIVATE LIMITED |
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Registered
Office : |
1216, Navrang House, Kasturba Gandhi Marg, New Delhi - 110001 |
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Mobile No.: |
91-9871094312 / 9871094314 (Mr. Pankaj Dixit) |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
25.03.1985 |
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|
|
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Com. Reg. No.: |
55-020537 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.9.947 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210DL1985PLC020537 |
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IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELB07075F/ DELB06267C |
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PAN No.: [Permanent Account No.] |
AAACB0536D |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Importer and Supplier of industrial springs and precision springs. |
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No. of Employees
: |
350 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 204000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an old and established company incorporated in the year
1985. It has satisfactory track. The rating takes into consideration sound financial risk profile
marked by adequate networth base along comfortable debt level of the company
in FY14. Management has reported decent growth in its revenue base along with
fair profit margin in the year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track record of business operations along with decent
financial condition, 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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
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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. Pankaj Dixit |
|
Designation : |
Assistant General Manager |
|
Contact No.: |
91-9871094312 |
|
Date : |
14.10.2015 |
LOCATIONS
|
Registered Office : |
1216, Navrang House, Kasturba Gandhi Marg, New Delhi – 110001, India |
|
Tel. No.: |
Not Available |
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Mobile No.: |
91-9871094312 / 9871094314 (Mr. Pankaj Dixit) |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Location: |
Owned |
|
Locality : |
Commercial |
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|
|
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Plant 1 : |
D-24, Sector-11, Noida – 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-2520345 |
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Fax No.: |
91-120-2588150 |
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Location: |
Owned |
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Plant 2 : |
B-24, Sector-58, Noida – 201301, Uttar Pradesh, India |
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Tel. No.: |
91-120-2588150 / 2587098 |
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Location: |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Jai Ratan Bhalla |
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Designation : |
Director |
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Address : |
Bhalla House, 116, Jor Bagh, New Delhi-110 003, Delhi, India |
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Date of Birth/Age : |
25.04.1923 |
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Date of Appointment : |
25.03.1985 |
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DIN No.: |
00890907 |
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Other
Directorship :
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Name : |
Mr. Amit Jai Bhalla |
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Designation : |
Managing director |
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Address : |
Bhalla House, 116, Jor Bagh, New Delhi-110003, India |
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Date of Birth/Age : |
17.09.1959 |
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Date of Appointment : |
25.03.1985 |
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DIN No.: |
00891488 |
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Name : |
Ms. Sonia Bhalla |
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Designation : |
Director |
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Address : |
Bhalla House, 116, Jor Bagh, New Delhi-110003, India |
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Date of Birth/Age : |
23.12.1964 |
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Date of Appointment : |
30.09.2008 |
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DIN No.: |
00933783 |
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Other
Directorship :
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Name : |
Mr. Anant
Vishnu Bhalla |
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Designation : |
Director |
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Address : |
116,
Jor Bagh, Lodhi Colony, New Delhi- 110003, India |
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Date of Birth/Age : |
21.04.1993 |
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Date of Appointment : |
06.04.2013 |
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DIN No.: |
06423462 |
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KEY EXECUTIVES
|
Name : |
Mr. Pankaj Dixit |
|
Designation : |
Assistant General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jugal Kishore Bhalla |
|
210910 |
|
Amit Jai Bhalla |
|
733135 |
|
Jai Ratan Bhalla |
|
45540 |
|
Sonia Bhalla |
|
5140 |
|
Anant Vishnu Bhalla |
|
11 |
|
Madhavi Bhalla |
|
11 |
|
Rajan Bhameja |
|
1 |
|
|
|
|
|
Total |
|
994748 |
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, Importer and Supplier of industrial springs and precision springs. |
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|
Products : |
· Industrial springs ·
Precision springs · Compression Springs · Extension Springs ·
Torsion Springs |
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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 : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, Cheque and Credit |
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Purchasing : |
Cash, Cheque and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
350 (Approximately) |
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Bankers : |
Bank of Baroda, Parliament Street, New Delhi - 110001, India |
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Facilities : |
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Financial Institutions : |
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Auditors : |
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Name : |
Dinesh Mehta and Company Chartered Accountants |
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Address : |
21, Dayanand Road, Daryaganj, New Delhi – 110002, India |
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Tel. No.: |
91-11-23272623 / 23272168 |
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Fax No.: |
91-11-23286562 |
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E-Mail : |
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|
AAAFD3632P |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Companies under Common Director : |
SDB Consultants Private Limited |
CAPITAL STRUCTURE
AS ON: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
994,748 |
Equity Shares |
Rs.10/- each |
Rs.9.947 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 |
9.947 |
9.947 |
9.947 |
|
(b) Reserves &
Surplus |
61.427 |
47.107 |
37.255 |
|
(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) |
71.374 |
57.054 |
47.202 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.868 |
1.810 |
2.051 |
|
(b) Deferred tax
liabilities (Net) |
4.027 |
4.107 |
5.786 |
|
(c) Other long term
liabilities |
1.326 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
6.221 |
5.917 |
7.837 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
12.986 |
14.263 |
5.925 |
|
(b) Trade payables |
57.305 |
50.523 |
44.012 |
|
(c) Other current liabilities |
8.354 |
8.238 |
6.594 |
|
(d) Short-term provisions |
2.198 |
3.232 |
5.624 |
|
Total Current Liabilities
(4) |
80.843 |
76.256 |
62.155 |
|
|
|
|
|
|
TOTAL |
158.438 |
139.227 |
117.194 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
55.403 |
41.416 |
45.048 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.085 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.302 |
2.803 |
2.535 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
58.705 |
44.304 |
47.583 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
4.969 |
0.000 |
0.000 |
|
(b) Inventories |
0.859 |
0.584 |
2.471 |
|
(c) Trade receivables |
78.122 |
84.743 |
61.745 |
|
(d) Cash and cash
equivalents |
12.611 |
6.032 |
2.292 |
|
(e) Short-term loans and
advances |
3.172 |
3.564 |
3.103 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
99.733 |
94.923 |
69.611 |
|
|
|
|
|
|
TOTAL |
158.438 |
139.227 |
117.194 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
364.795 |
322.204 |
262.391 |
|
|
Other Income |
0.347 |
0.379 |
0.348 |
|
|
TOTAL |
365.142 |
322.583 |
262.739 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
248.751 |
229.718 |
177.738 |
|
|
Manufacturing Expenses |
55.602 |
46.347 |
38.559 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.072) |
0.187 |
(0.314) |
|
|
Employees benefits
expense |
8.058 |
7.646 |
6.696 |
|
|
Other expenses |
17.808 |
12.399 |
11.786 |
|
|
TOTAL |
330.147 |
296.297 |
234.465 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
34.995 |
26.286 |
28.274 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.494 |
1.958 |
2.537 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
32.501 |
24.328 |
25.737 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.049 |
9.154 |
10.005 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
20.452 |
15.174 |
15.732 |
|
|
|
|
|
|
|
Less |
TAX |
6.133 |
5.321 |
10.058 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
14.319 |
9.853 |
5.674 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
0.156 |
0.020 |
NA |
|
|
TOTAL EARNINGS |
0.156 |
0.020 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Purchase |
1.802 |
1.722 |
3.044 |
|
|
Capital Goods |
1.058 |
0.000 |
10.301 |
|
|
TOTAL IMPORTS |
2.860 |
1.722 |
13.345 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
14.39 |
9.91 |
5.70 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
Expected Sales ( 2015-2016 ) : Rs.600.000 Million
The above information has been parted by Mr. Pankaj Dixit (Assistant
General Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current
Maturities of Long term debt |
|
|
|
|
From BMW India Financial Services Private Limited |
0.681 |
0.617 |
0.558 |
|
From Tata Motors finance Limited |
0.236 |
0.210 |
0.102 |
|
From ICICI Banks |
0.000 |
0.000 |
0.196 |
|
Total |
0.917 |
0.827 |
0.856 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.93 |
3.06 |
2.16 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
9.59 |
8.16 |
10.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.91 |
10.91 |
13.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.27 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.21 |
0.30 |
0.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.24 |
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 |
9.947 |
9.947 |
9.947 |
|
Reserves & Surplus |
37.255 |
47.107 |
61.427 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
47.202 |
57.054 |
71.374 |
|
|
|
|
|
|
long-term borrowings |
2.051 |
1.810 |
0.868 |
|
Short term borrowings |
5.925 |
14.263 |
12.986 |
|
Current maturities of
long term debt |
0.856 |
0.827 |
0.917 |
|
Total borrowings |
8.832 |
16.900 |
14.771 |
|
Debt/Equity ratio |
0.187 |
0.296 |
0.207 |
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 |
262.391 |
322.204 |
364.795 |
|
|
|
22.795 |
13.219 |
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 |
262.391 |
322.204 |
364.795 |
|
Profit |
5.674 |
9.853 |
14.319 |
|
|
2.16% |
3.06% |
3.93% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
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% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans |
|
|
|
Jagpreet Singh Lamba |
0.005 |
0.000 |
|
Total |
0.005 |
0.000 |
YEAR IN RETROSPECT
During the year total income of is Rs.365.142 Million
as against Rs.322.583 Million in the previous year. The company earned profit
of Rs.14.319 Million for the last year as against a profit of Rs.9.853 Million.
The directors are putting in their best efforts to improve the performance of
the company.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10386293 |
28/09/2012 |
25,000,000.00 |
CITI BANK N.A. |
JEEVAN BHARTI BUILDING, 4TH FLOOR, 124, CONNAUGHT |
B62028451 |
|
2 |
10386296 |
28/09/2012 |
25,000,000.00 |
CITI BANK N.A. |
JEEVAN BHARTI BUILDING, 4TH FLOOR, 124, CONNAUGHT |
B62029491 |
|
3 |
10054598 |
27/04/2007 |
2,700,000.00 |
BANK OF BARODA |
PARLIAMENT STREET, NEW DELHI - 110001, INDIA |
A16509747 |
|
4 |
90050456 |
27/04/2007 * |
1,030,000.00 |
BANK OF BARODA |
PARLIAMENT STREET, NEW DELHI - 110001, INDIA |
A16508145 |
|
5 |
90047640 |
03/01/2011 * |
70,000,000.00 |
BANK OF BARODA |
PARLIAMENT STREET, NEW DELHI - 110001, INDIA |
B05590989 |
|
6 |
90045504 |
16/10/1999 * |
1,000,000.00 |
BANK OF BARODA |
16, PARLIAMNET STREET, NEW DLEHI, INDIA |
- |
|
7 |
90045368 |
16/10/1999 * |
500,000.00 |
BANK OF BARODA |
16, PARLIAMNET STREET, NEW DLEHI, INDIA |
- |
|
8 |
90045357 |
16/10/1999 * |
500,000.00 |
BANK OF BARODA |
16, PARLIAMENT STREET, NEW DLEHI, INDIA |
- |
* Date of charge modification
CONTINGENT LIABILITY
|
PARTICULARS |
|
31.03.2014 (Rs.
in Million) |
|
Sales Tax Demand
|
|
|
|
Sales Tax Demand – 2008-09 |
|
0.375 |
|
Sales Tax Demand – 2008-09 |
|
22.876 |
|
Sales Tax Demand – 2008-09 |
|
0.036 |
|
Income Tax
Demand |
|
|
|
Income Tax Demand– 2006-07 |
|
0.744 |
|
Income Tax Demand– 2007-08 |
|
0.344 |
|
Income Tax Demand– 2008-09 |
|
0.502 |
|
Income Tax Demand– 2009-10 |
|
0.052 |
|
Income Tax Demand– 2010-11 |
|
0.024 |
|
|
|
|
|
Total |
|
24.953 |
FIXED ASSETS
- Plant and Machinery
- Furniture and Fixture
- Office Equipment
- Air Conditioners
- Computers
- Buildings
- 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 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.65.11 |
|
|
1 |
Rs.99.49 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
|
48 |
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.