MIRA INFORM REPORT
|
Report No. : |
342437 |
|
Report Date : |
24.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
NOBEL HYGIENE
PRIVATE LIMITED (w.e.f. 23.12.2013) |
|
|
|
|
Formerly Known
As : |
NOBEL HYGIENE LIMITED (w.e.f. 01.01.2010) NOBEL HYGIENE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
House No. L – 20, Housing Board Colony, Upasnagar, Sancoale, Vasc Da
Gama – 403726, Goa |
|
Tel. No.: |
91-832-2556861 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.11.2001 |
|
|
|
|
Com. Reg. No.: |
24-003048 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.157.834 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239GA2001PTC003048 |
|
|
|
|
IEC No.: |
0302021931 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRN02038B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN5081A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of baby diapers and adult diapers |
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|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was incorporated in the year 2001. It is engaged in the
business of manufacturing of baby diapers and adult diapers. For the financial year 2014, the company has good sales turnover along
with satisfactory profit margin of 6.60%. The company has adequate networth base and there is favourable gap
between trade payables and receivables. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. NOTE: As per the 13th annual report, profit and loss
account contains some errors. During our calculation it is reported that
other income added in the PBDIT amount which is wrongly mentioned. However we
made necessary changes in the final profit and loss account statement which
is enclosed in the report. |
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 |
CARE |
|
Rating |
Long term bank facilities (Fund Based) = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
17.04.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities (Non- Fund Based)
= A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
17.04.2015 |
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 PARTED BY
|
Name : |
Mr. Sanjeev Trivedi |
|
Designation : |
Finance head |
|
Contact No.: |
91-9320744331 |
|
Date : |
23.09.2015 |
LOCATIONS
|
Registered Office : |
H. No. L-20, Housing Board Colony, Upasnagar, Sancoale,
Vasco Da Gama Goa -403726, India |
|
Tel. No.: |
91-832-2556861 |
|
Mobile No.: |
91-9320744331 (Mr. Sanjeev Trivedi) |
|
Fax No.: |
91-832-42121316 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Residential |
|
|
|
|
Corporate Office: |
Unit No. 204, Thakur House (Antariksh), |
|
Tel. No.: |
91-22-28201381/ 28201382 |
|
Fax No.: |
91-22-28201383 / 242121314 |
|
E-Mail : |
|
|
|
|
|
Factory : |
A–70, MIDC, Sinnar, Nashik –
422103, Maharashtra India |
|
Location : |
Leased |
|
Locality : |
Industrial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Kamal Manohardas Johari |
|
Designation : |
Director |
|
Address : |
101, |
|
Date of Birth/Age : |
10.10.1960 |
|
Date of Appointment : |
16.07.2012 |
|
DIN No.: |
00785082 |
|
PAN No.: |
AADPJ5450A |
|
|
|
|
Name : |
Mrs. Kamini Kamal Johari |
|
Designation : |
Director |
|
Address : |
101, |
|
Date of Birth/Age : |
10.02.1962 |
|
Date of Appointment : |
16.07.2012 |
|
DIN No.: |
01309286 |
|
PAN No.: |
AADPJ5451B |
|
|
|
|
Name : |
Mr. Manish Dharanendra Ladage |
|
Designation : |
Directors |
|
Address : |
Row No. 18, Vasant Vihar, |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
00082178 |
|
|
|
|
Name : |
Mr. Bhupal Singh Verdia |
|
Designation : |
Director |
|
Address : |
17 Mani Vikas, T. H. Kataria Marg, |
|
Date of Appointment : |
29.09.2012 |
|
DIN No.: |
02258522 |
|
|
|
|
Name : |
Mr. Nilesh Bansilal |
|
Designation : |
Director |
|
Address : |
203, Tulsi Villa, Poddar Road, Santacruz (West), Mumbai - 400054,
Maharashtra, India |
|
Date of Appointment : |
14.2.2013 |
|
DIN No.: |
00199071 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjeev Trivedi |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Foreign holdings [Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others] |
7.28 |
|
Bodies corporate |
54.60 |
|
Directors or relatives of Directors |
30.23 |
|
Other top fifty shareholders |
7.89 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of baby diapers and adult diapers |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
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|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
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|
Terms : |
|
|
Selling : |
L/C, Cash, Credit and Cheque |
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|
|
|
Purchasing : |
L/C, Cash, Credit and Cheque |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Bagasrawala Shabbir Sirajuddin Chartered Accountants |
|
Address : |
63 Narayan, Niwas 1st Floor, Aarey, Road, Goregaon, (West) Mumbai - 400062, India |
|
PAN No.: |
AAKPB8971F |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
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|
|
|
Enterprises over which Key Managerial
Personnel are able to exercise Significant Influence : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs. 90.000 Million |
|
6250000 |
Preference Shares |
Rs.20/- each |
Rs. 125.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 215.000
Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8654800 |
Equity Shares |
Rs.10/- each |
Rs. 86.548
Million |
|
3564286 |
Preference Shares |
Rs.20/- each |
Rs. 71.286
Million |
|
12219086 |
|
|
|
|
|
Total |
|
Rs. 157.834 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 |
157.834 |
157.834 |
76.880 |
|
(b) Reserves & Surplus |
558.230 |
484.375 |
185.389 |
|
(c) Money
received against share warrants |
0.323 |
0.323 |
9.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
23.400 |
|
Total
Shareholders’ Funds (1) + (2) |
716.387 |
642.532 |
294.669 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
278.092 |
90.113 |
91.004 |
|
(b) Deferred tax liabilities (Net) |
50.537 |
28.676 |
1.166 |
|
(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) |
328.629 |
118.789 |
92.170 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
291.973 |
247.584 |
201.086 |
|
(b) Trade
payables |
84.945 |
20.897 |
53.564 |
|
(c) Other
current liabilities |
135.353 |
116.463 |
78.135 |
|
(d) Short-term
provisions |
68.976 |
45.003 |
31.375 |
|
Total Current
Liabilities (4) |
581.247 |
429.947 |
364.160 |
|
|
|
|
|
|
TOTAL |
1626.263 |
1191.268 |
750.999 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
582.077 |
348.071 |
241.715 |
|
(ii) Intangible
Assets |
7.532 |
9.432 |
0.000 |
|
(iii)
Capital work-in-progress |
239.144 |
42.409 |
38.356 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
43.776 |
43.776 |
1.276 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
9.013 |
28.700 |
|
(e) Other
Non-current assets |
12.007 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
884.536 |
452.701 |
310.047 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
5.000 |
|
(b)
Inventories |
249.970 |
168.426 |
169.467 |
|
(c) Trade
receivables |
299.834 |
351.717 |
225.150 |
|
(d) Cash
and cash equivalents |
22.476 |
32.713 |
8.512 |
|
(e) Short-term
loans and advances |
169.447 |
185.711 |
32.823 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
741.727 |
738.567 |
440.952 |
|
|
|
|
|
|
TOTAL |
1626.263 |
1191.268 |
750.999 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1118.601 |
1117.074 |
762.338 |
|
|
|
|
Other Income |
5.434 |
1.860 |
0.514 |
|
|
|
|
TOTAL (A) |
1124.035 |
1118.934 |
762.852 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
|
764.839 |
511.403 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
|
7.547 |
(28.687) |
|
|
|
|
Employee Benefits Expenses |
|
22.488 |
11.754 |
|
|
|
|
Other Expenses |
|
160.566 |
109.579 |
|
|
|
|
TOTAL (B) |
939.214 |
955.440 |
604.049 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
184.821 |
163.494 |
158.803 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
50.537 |
46.361 |
47.288 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
134.284 |
117.133 |
111.515 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
20.731 |
12.147 |
11.158 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
113.553 |
104.986 |
100.357 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
39.698 |
29.086 |
0.134 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
73.855 |
75.900 |
100.223 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY ON FOB |
5.912 |
1.521 |
0.000 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials & Finished Products |
221.354 |
200.845 |
72.164 |
|
|
|
|
Capital Goods |
437.454 |
33.506 |
3.610 |
|
|
|
TOTAL IMPORTS |
658.808 |
234.351 |
75.774 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
6.04 |
9.56 |
13.04 |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
72.998 |
38.407 |
35.197 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
221.992 |
(133.480) |
(9.836) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
6.60 |
6.79 |
13.15 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
16.52 |
14.64 |
20.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
8.45 |
9.50 |
14.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.16 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.90 |
0.59 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.72 |
1.21 |
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 |
76.880 |
157.834 |
157.834 |
|
Reserves & Surplus |
185.389 |
484.375 |
558.230 |
|
Money received against share
warrants |
9.000 |
0.323 |
0.323 |
|
Share Application money
pending allotment |
23.400 |
0.000 |
0.000 |
|
Net
worth |
294.669 |
642.532 |
716.387 |
|
|
|
|
|
|
long-term borrowings |
91.004 |
90.113 |
278.092 |
|
Short term borrowings |
201.086 |
247.584 |
291.973 |
|
Current Maturities of Long
term debt |
35.197 |
38.407 |
72.998 |
|
Total
borrowings |
327.287 |
376.104 |
643.063 |
|
Debt/Equity
ratio |
1.111 |
0.585 |
0.898 |
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 |
762.338 |
1117.074 |
1118.601 |
|
|
|
46.533 |
0.137 |
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
|
762.338 |
1117.074 |
1118.601 |
|
Profit |
100.223 |
75.900 |
73.855 |
|
|
13.15% |
6.79% |
6.60% |
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) |
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 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: The registered
office of the company has been shifted from D-2 16, Sancoale, Zuari Nagar, Goa – 403726,
India to present address w.e.f. 28.09.2013
FUTURE OUTLOOK
The company has now also focused in adding new distributors and with new tie-ups made for private label and also exports. The company had placed orders for two more new machines of which one machine was installed in February 2014 and the second machine got commissioned in April 2014. Looking into all this the year current year and the future looks very bright and the company should do very well and again achieve much higher growth in year to come.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Rupee term loans from banks |
0.513 |
2.566 |
|
Intercorporate borrowings |
3.613 |
3.844 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Loans repayable on demand from others |
7.897 |
17.033 |
|
|
|
|
|
Total |
12.023 |
23.443 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10575261 |
30/03/2015 |
617,000.00 |
The Saraswat Co-operative Bank Limited |
Rasec
Branch Dadar, Laxman Zulla, 1st floor, 50, |
C56612211 |
|
2 |
10575263 |
30/03/2015 |
617,000.00 |
The Saraswat Co-operative Bank Limited |
Rasec
Branch Dadar, Laxman Zulla, 1st floor, 50, |
C56613029 |
|
3 |
10575355 |
30/03/2015 |
617,000.00 |
The Saraswat Co-operative Bank Limited |
Rasec
Branch Dadar, Laxman Zulla, 1st floor, 50, |
C56633894 |
|
4 |
10145181 |
13/01/2014 * |
785,700,000.00 |
State Bank of India |
MIDC, Andheri (East) Branch, Marol,, Central Road, Andheri (East),, Mumbai, Maharashtra - 400093, India |
B95269502 |
|
5 |
90065627 |
01/01/2003 |
3,000,000.00 |
State Bank of India |
Commercial
Branch, Chembur, Mumbai, Maharashtra - |
- |
*Date of modification Charges
FIXED ASSETS:
·
Air Conditioner
·
Aquaguard
·
Computer
·
Factory Equipments
·
Factory Premises
·
·
Office Premises
·
Handi (Machine)
·
Reliance Mobile Phone
·
Electrical Installation
·
Website Development
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.65.97 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.38 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
47 |
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.