MIRA INFORM REPORT
|
Report No. : |
342951.2 |
|
Report Date : |
30.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
E & H PRECISION INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.SP-10(A), Japanese Zone, Phase-III, RIICO
New Industrial Complex (Majrakath), Neemrana,
Behror, District Alwar – 301 701, Rajasthan |
|
Tel. No.: |
91-1494-246104/ 246105 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
09.12.2010 |
|
|
|
|
Com. Reg. No.: |
17-045751 (New) 05-041678 (Old) |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.300.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28110RJ2010FTC045751 (New) U28110HR2010FTC041678 (Old) |
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|
|
|
IEC No.: |
0511007728 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AACCE5705D |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Precision
Automotive and Electronic Parts. |
|
|
|
|
No. of Employees
: |
125 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 577000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject was incorporated on 9th December, 2010. It is
engaged into manufacturing, exporting and importing of precision automotive
and electronic parts. It has moderate track record. The company is continuously incurring a losses from its operations. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealings with some
caution. |
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
|
Rating Agency Name |
Not Available |
|
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. Nishant Gupta |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-7665010686 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No.SP-10(A), Japanese Zone, Phase-III, RIICO
New Industrial Complex (Majrakath), Neemrana,
Behror, District Alwar – 301 701, Rajasthan, India |
|
Tel. No.: |
91-1494-246104/ 246105 |
|
Mobile No.: |
91-7665010686 (Mr. Nishant Gupta) |
|
Fax No.: |
91-1494-246200 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 16.09.2014
|
Name : |
Takayuki Hiraoka |
|
Designation : |
Director |
|
Address : |
1360-1 Ome, Ome Shi, Tokyo, Japan |
|
Date of Birth/Age : |
02.07.1972 |
|
Date of Appointment : |
09.12.2010 |
|
DIN No.: |
03265928 |
|
|
|
|
Name : |
Yasuhiro Hiraoka |
|
Designation : |
Director |
|
Address : |
367, Kami Cho, Ome-Shi, Tokyo, Japan |
|
Date of Birth/Age : |
30.08.1962 |
|
Date of Appointment : |
09.12.2010 |
|
DIN No.: |
03266069 |
|
|
|
|
Name : |
Toshihiko Teranishi |
|
Designation : |
Director |
|
Address : |
1261, 7 Chome, Fukagawa, Asakita Ku, Hiroshima, Japan |
|
Date of Birth/Age : |
05.11.1955 |
|
Date of Appointment : |
25.03.2013 |
|
DIN No.: |
06536370 |
|
|
|
|
Name : |
Haruo
Kawamura |
|
Designation : |
Additional
Director |
|
Address : |
Room
No.018, Hotel Hirohama, Alwar – 301 705, Rajasthan, India |
|
Date of Appointment : |
18.02.2015 |
|
DIN No.: |
07098800 |
KEY EXECUTIVES
|
Name : |
Mr.
Surya Pratap Choudhary |
|
Designation : |
Secretary |
|
Address : |
H.
No.391/28, Jyoti Park, Street No.7, Gurgaon – 122001, Haryana, India |
|
Date of Appointment : |
01.10.2014 |
|
PAN No.: |
AKKPC4713C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 16.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Hiraoka Sangyo Company Limited, Japan |
|
1999999 |
|
E & H (Thailand) Precision Company Limited, Maung |
|
1000000 |
|
Yasuhiro Hiraoka |
|
1 |
|
Total |
|
3000000 |
AS ON 16.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.999966667 |
|
Directors
or relatives of directors |
|
0.000033333 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Precision
Automotive and Electronic Parts. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash / L/C / Credit |
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Purchasing : |
Cash / L/C / Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users and OEM’s
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No. of Employees : |
125 (Approximately) |
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Bankers : |
State Bank of India, RIICO New Industrial Complex,
District Alwar, Rajasthan, India |
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|
|
|
Auditors : |
|
|
Name : |
Sunil D. Singh and Associates Chartered Accountants |
|
Address : |
House No.539B, E Block, Street No.7B, Sangam Vihar, Delhi – 110 062, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AIMPK5630J |
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|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associate : (As on 31.03.2014) |
E & H Precision (Thailand) Company Limited, Thailand |
|
|
|
|
Holding Company : (As on 31.03.2014) |
Hiraoka Sangyo Company Limited, Japan |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 300.000
Million
AS ON 16.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.100/- each |
Rs.400.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.100/- each |
Rs.300.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
300.000 |
300.000 |
250.000 |
|
(b) Reserves &
Surplus |
(109.482) |
(98.468) |
(52.034) |
|
(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) |
190.518 |
201.532 |
197.966 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
142.475 |
94.245 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
6.418 |
0.365 |
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) |
148.893 |
94.610 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.100 |
|
(b) Trade payables |
12.501 |
17.980 |
6.616 |
|
(c) Other current
liabilities |
3.742 |
3.715 |
3.962 |
|
(d) Short-term provisions |
2.686 |
1.451 |
2.277 |
|
Total Current Liabilities
(4) |
18.929 |
23.146 |
12.955 |
|
|
|
|
|
|
TOTAL |
358.340 |
319.288 |
210.921 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
269.962 |
235.758 |
178.973 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.375 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.021 |
0.834 |
0.886 |
|
(e) Other Non-current
assets |
1.532 |
2.043 |
2.554 |
|
Total Non-Current Assets |
272.890 |
238.635 |
182.413 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
24.576 |
25.337 |
4.220 |
|
(c) Trade receivables |
21.970 |
13.480 |
1.637 |
|
(d) Cash and cash
equivalents |
16.473 |
18.635 |
10.390 |
|
(e) Short-term loans and
advances |
0.433 |
0.006 |
0.015 |
|
(f) Other current assets |
21.998 |
23.195 |
12.246 |
|
Total Current Assets |
85.450 |
80.653 |
28.508 |
|
|
|
|
|
|
TOTAL |
358.340 |
319.288 |
210.921 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
131.424 |
66.071 |
NA |
|
|
Other Income |
7.166 |
2.027 |
NA |
|
|
TOTAL
|
138.590 |
68.098 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3.029 |
1.542 |
NA |
|
|
Purchases of Stock-in-Trade |
54.828 |
48.055 |
NA |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.760 |
(21.116) |
NA |
|
|
Employees benefits expense |
26.419 |
21.379 |
NA |
|
|
Other expenses |
44.400 |
37.303 |
NA |
|
|
TOTAL
|
129.436 |
87.163 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION |
9.154 |
(19.065) |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.209 |
0.971 |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.945 |
(20.036) |
NA |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
9.906 |
26.531 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(4.961) |
(46.567) |
NA |
|
|
|
|
|
|
|
Less |
TAX |
6.053 |
0.364 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
(11.014) |
(46.931) |
(49.726) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
(52.033) |
(2.307) |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
(52.033) |
|
|
||||
|
|
EARNINGS IN
FOREIGN CURRENCY |
14.780 |
Nil
|
NA |
|
|
|
|
|
|
|
|
TOTAL
EARNINGS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
29.501 |
NA |
|
|
Components
and Spare Parts |
NA |
12.684 |
NA |
|
|
Capital Goods |
NA |
58.627 |
NA |
|
|
TOTAL IMPORTS |
NA |
100.812 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(3.67) |
(15.64) |
(19.89) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
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 |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
(8.38) |
(71.03) |
NA |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
6.97 |
(28.86) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.39) |
(14.58) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03) |
(0.23) |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.75 |
0.47 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.51 |
3.48 |
2.20 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
250.000 |
300.000 |
300.000 |
|
Reserves & Surplus |
(52.034) |
(98.468) |
(109.482) |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
197.966 |
201.532 |
190.518 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
94.245 |
142.475 |
|
Short term borrowings |
0.100 |
0.000 |
0.000 |
|
Total
borrowings |
0.100 |
94.245 |
142.475 |
|
Debt/Equity
ratio |
0.001 |
0.468 |
0.748 |
Year on Year Growth
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
66.071 |
131.424 |
|
|
98.913 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
66.071 |
131.424 |
|
Profit |
(46.931) |
(11.014) |
|
|
(71.03)% |
(8.38)% |
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 |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 two years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered office of the company has been shifted from Suite 7,
Vatika Business Centre, 3rd Floor, Block B, Vatika Antrium, Golf
Course Road, Gurgaon – 122 002, Haryana, India to the present address.
UNSECURED LOAN
|
PARTICULARS |
|
31.03.2014 (Rs.
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from others |
|
94.245 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Deposits from others |
|
0.000 |
|
Total |
N.A |
94.245 |
INDEX
OF CHARGES:
No Charges Exist for Company
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
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CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.66.18 |
|
UK Pound |
1 |
Rs.100.46 |
|
Euro |
1 |
Rs.74.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
26 |
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.