MIRA INFORM REPORT
|
Report No. : |
342505 |
|
Report Date : |
26.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SPACE OFFICE SYSTEMS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
Ground Floor, Chandan Nivas, Opposite Vishal Hall, M.V. Road, Andheri
(East), Mumbai – 400 069, Maharashtra |
|
Tel. No.: |
91-22-26846565 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.04.1997 |
|
|
|
|
Com. Reg. No.: |
11-107018 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.630
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909MH1997PTC107018 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS36791G MUMS34792C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS3320E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader
and Distributor of Office Equipments and Systems. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 73000 |
|
|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 1997 having
moderate track. As per Registrar of Companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to the
financial for the year 2014 are not available from any sources. As per available financial of 2013, turnover and profit of the company
has declined. However, general financial position of the company appears to
be satisfactory. Their trade relations are reported as fair. Business is active.
Payment terms are reported as slow but correct. The company can be considered for business dealings with some caution
in view non-availability of latest financials. |
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. Vipul Dalvi |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-26846565 |
|
Date : |
25.09.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
Ground Floor, Chandan Nivas, Opposite Vishal Hall, M.V. Road, Andheri
(East), Mumbai – 400 069, Maharashtra, India |
|
Tel. No.: |
91-22-26846565/ 66886688 (30 lines) Customer Care: 66886644/
66886645 |
|
Mobile No.: |
91-9223818059 (Mr. Sandip) |
|
Fax No.: |
91-22-26846565/ 66886602 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at : ·
Ahmedabad ·
Surat ·
Nasik ·
Pune |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Mehul Vadan Surkatha |
|
Designation : |
Director |
|
Address : |
D1/11, Khira Nagar, S.V. Road, Santacruz (West), Mumbai – 400 054,
Maharashtra, India |
|
Date of Birth/Age : |
24.07.1971 |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
00876151 |
|
|
|
|
Name : |
Mr. Sanjay Deepchand Jain |
|
Designation : |
Director |
|
Address : |
C/301, Tulip, Gundhecha Valley of Flowers, Thakur Village, Kandivali
(East), Mumbai – 400 101, Maharashtra, India |
|
Date of Birth/Age : |
26.06.1970 |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
00876386 |
|
|
|
|
Name : |
Mr. Nilesh Hasmukhlal Mehta |
|
Designation : |
Director |
|
Address : |
A-302, Mahadev Tower, Thakur Complex, Kandiviali (East), Mumbai – 400
101, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1967 |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
01634234 |
|
|
|
|
Name : |
Mr. Mehul Sandipbhai Parekh |
|
Designation : |
Director |
|
Address : |
407, Himachal Co-operative Society, Juhu Lane, Andheri (West), Mumbai
– 400 058, Maharashtra, India |
|
Date of Birth/Age : |
20.09.1970 |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
01935397 |
|
|
|
|
Name : |
Mr. Vijay Vallabhbhai Chande |
|
Designation : |
Director |
|
Address : |
703, Anand Niwas Co-operative Housing Society, Kisan Road, Malad (West),
Mumbai – 400 064, Maharashtra, India |
|
Date of Birth/Age : |
16.02.1968 |
|
Date of Appointment : |
02.04.1997 |
|
DIN No.: |
01935453 |
KEY EXECUTIVES
|
Name : |
Mr. Vipul Dalvi |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sanjay Deepchand Jain |
126000 |
20.00 |
|
Mehul Vandan Surkatha |
126000 |
20.00 |
|
Nilesh Hasmukhlal Mehta |
126000 |
20.00 |
|
Vijay Vallabhbhai Chande |
126000 |
20.00 |
|
Mehul Sandipbhai Parekh |
126000 |
20.00 |
|
|
|
|
|
Total |
630000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20342505%2026-Sep-2015_files/image015.gif)
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader
and Distributor of Office Equipments and Systems. |
|
|
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Equipments |
|
Countries : |
Japan |
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Terms : |
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Selling : |
Cash, Credit (30 / 60 / 90 Days) |
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Purchasing : |
Cash, Credit (30 / 60 / 90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
90 (Approximately) |
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Bankers : |
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Facilities : |
Notes: LONG
TERM BORROWINGS i)
Details of terms of repayment for Long Term borrowings and security provided
in respect of secured long term borrowings:
Terms
of Repayment and Security Loan form Bank of India
is repayable in equated periodical instalments over 60 months from inception
of loan i.e. from 30.11.2009 carrying interest at 9% p.a. The said loan is
secured by a specific mortgage of the vehicle purchased. Loan form Barclays Bank
is repayable in equated periodical instalments over 36 months from inception
of loan carrying interest at 18% p.a. The said loan is guaranteed by the
directors of the company. |
|
Auditors : |
|
|
Name : |
S. Raghunath and Company Chartered Accountants |
|
Address : |
3/8, Surya Niwas, Colony Road, Sion (West), Mumbai – 400022,
Maharashtra, India |
|
Tel. No.: |
91-22-22814361 / 62 |
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E-Mail : |
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PAN No.: |
AMXPS5218F |
|
|
|
|
Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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|
|
Enterprise in which KMP/ Relatives of KMP can exercise significant
influence (As on 31.03.2013) : |
·
Infin Properties Private Limited ·
H.D. Jain and Co. |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Re.1/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
630000 |
Equity Shares |
Re.1/- each |
Rs.0.630 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.630 |
0.630 |
0.630 |
|
(b) Reserves & Surplus |
24.978 |
19.873 |
13.161 |
|
(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) |
25.608 |
20.503 |
13.791 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
17.506 |
18.344 |
23.807 |
|
(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) |
17.506 |
18.344 |
23.807 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
5.288 |
8.961 |
0.000 |
|
(b)
Trade payables |
20.266 |
16.072 |
15.798 |
|
(c)
Other current liabilities |
10.440 |
9.949 |
10.529 |
|
(d)
Short-term provisions |
2.373 |
0.536 |
1.222 |
|
Total
Current Liabilities (4) |
38.367 |
35.518 |
27.549 |
|
|
|
|
|
|
TOTAL |
81.481 |
74.365 |
65.147 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
2.136 |
2.673 |
1.777 |
|
(ii)
Intangible Assets |
0.005 |
0.008 |
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.207 |
0.132 |
0.099 |
|
(d) Long-term Loan
and Advances |
3.018 |
3.220 |
1.109 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
5.366 |
6.033 |
2.985 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
20.306 |
15.035 |
14.153 |
|
(c)
Trade receivables |
28.019 |
30.852 |
37.463 |
|
(d)
Cash and cash equivalents |
21.397 |
17.066 |
8.587 |
|
(e)
Short-term loans and advances |
6.393 |
5.379 |
1.959 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
76.115 |
68.332 |
62.162 |
|
|
|
|
|
|
TOTAL |
81.481 |
74.365 |
65.147 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue
from Operations |
190.216 |
200.072 |
|
|
|
|
Other Income |
3.042 |
1.578 |
|
|
|
|
TOTAL (A) |
193.258 |
201.650 |
239.390 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of
stock-in-trade |
150.120 |
149.973 |
230.740 |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
(5.271) |
(0.882) |
|
|
|
|
Employee benefit expense |
25.370 |
22.471 |
|
|
|
|
Other expenses |
14.199 |
19.353 |
|
|
|
|
TOTAL (B) |
184.418 |
190.915 |
230.740 (including
financial expenses) |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.840 |
10.735 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.712 |
0.726 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.128 |
10.009 |
8.650 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
0.750 |
0.619 |
0.641 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
7.378 |
9.390 |
8.009 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.273 |
2.917 |
2.447 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
5.105 |
6.473 |
5.562 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase
of Goods |
1.531 |
0.067 |
NA |
|
|
TOTAL IMPORTS |
1.531 |
0.067 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
8.10 |
10.27 |
NA |
|
%20PRIVATE%20LIMITED%20-%20342505%2026-Sep-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20342505%2026-Sep-2015_files/image004.gif){kind=small}
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover (Approximately) |
|
190.000 |
195.000 |
Expected Sales (2015-2016): Rs.200.000 Million
The above information has been parted by Mr. Vipul
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current
Maturities of Long term debt |
|
|
|
|
Secured |
0.078 |
0.078 |
0.078 |
|
Unsecured |
1.085 |
1.085 |
0.633 |
|
TOTAL |
1.163 |
1.163 |
0.711 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT / Sales |
(%) |
2.68 |
3.24 |
2.32 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.65 |
5.37 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
9.08 |
12.65 |
12.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.46 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.94 |
1.39 |
1.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.98 |
1.92 |
2.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
0.630 |
0.630 |
0.630 |
|
Reserves & Surplus |
13.161 |
19.873 |
24.978 |
|
Net
worth |
13.791 |
20.503 |
25.608 |
|
|
|
|
|
|
long-term borrowings |
23.807 |
18.344 |
17.506 |
|
Short term borrowings |
0.000 |
8.961 |
5.288 |
|
Current Maturities of Long term debt |
0.711 |
1.163 |
1.163 |
|
Total
borrowings |
24.518 |
28.468 |
23.957 |
|
Debt/Equity
ratio |
1.778 |
1.388 |
0.936 |
%20PRIVATE%20LIMITED%20-%20342505%2026-Sep-2015_files/image017.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
239.390 |
200.072 |
190.216 |
|
|
|
(16.424) |
(4.926) |
%20PRIVATE%20LIMITED%20-%20342505%2026-Sep-2015_files/image019.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
239.390 |
200.072 |
190.216 |
|
Profit |
5.562 |
6.473 |
5.105 |
|
|
2.32% |
3.24% |
2.68% |
%20PRIVATE%20LIMITED%20-%20342505%2026-Sep-2015_files/image021.gif)
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 |
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 |
No |
|
26 |
Turnover of firm for last five 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 LOANS:
|
Particulars |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
LONG
TERM BORROWINGS |
|
|
|
Term
Loans from Banks |
0.263 |
1.028 |
|
Loans
from related parties (Unsecured loan from related
parties are repayable in four half-yearly instalments, the first instalment
falling due on 1st April, 2014.) |
17.200 |
17.200 |
|
|
|
|
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans
repayable on demand |
|
|
|
From
Banks |
5.288 |
8.961 |
|
|
|
|
|
Total
|
22.751 |
27.189 |
NO CHARGES EXIST FOR COMPANY
FINANCIAL
RESULTS (AS ON 31.03.2013) :
During the year, Income
from Operation is Rs.190.216 Million in current year and Rs.200.072 Million in
previous year. There was rise in Other Income of the Company to Rs.3.042
Million as against Rs.1.578 Million in the previous year. The Profit for the
year has increased to Rs.7.453 Million in comparison with Rs.6.473 Million in
previous year.
The
Directors are hopeful of better performance in the current year.
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
|
|
|
|
Guarantees
given by bank on behalf of the company |
0.528 |
0.283 |
|
|
|
|
|
Total
|
0.528 |
0.283 |
FIXED ASSETS:
Tangible Assets
·
Computers
·
Furniture and Fixtures
·
Motor Vehicles
·
Office Equipments
Intangible Assets
·
Computer Software
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.66.10 |
|
|
1 |
Rs.100.89 |
|
Euro |
1 |
Rs.73.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.