MIRA
INFORM REPORT
|
Report Date : |
17.12.2011 |
IDENTIFICATION DETAILS
|
Name : |
HOME IDEA UPHOLSTERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
972, Solitaire Corporate Park, Building No.9167, Guru Hargovindji
Marg, Andheri (East), Mumbai – 400093, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
08.10.2008 |
|
|
|
|
Com. Reg. No.: |
11-187390 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51311MH2008PTC187390 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH11723F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCH1193G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of fabric i.e Cotton, Jute, Silk, Nylon, Artificial
Silk, Blankets, Bed Table and Bath Linen, Polyester, Acrylic, Shoddy, Hemp
Synthetic Mat. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The
company is progressing well. Trade relations are reported as fair. Business is
active. Payments are reported to be usually correct and as per commitments. The company can be considered normal for business dealings at 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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Amith |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-66782020 |
|
Date : |
15.12.2011 |
LOCATIONS
|
Registered Office : |
972, Solitaire Corporate Park, Building No.9167, Guru Hargovindji
Marg, Andheri (East), Mumbai – 400093, Maharashtra, India |
|
Tel. No.: |
91-22-66782020 / 40082000 |
|
Fax No.: |
91-22-40082001 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Located at ·
Bhiwandi ·
Tarapur |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Vinod Nandlal Kedia |
|
Designation : |
Additional Director |
|
Address : |
72, Dream Queen Premises, 361, V P Road, Aryasamaj Mandir, Sanbtacruz
(West), Mumbai – 400054, Maharashtra, India |
|
Date of Birth/Age : |
24.06.1956 |
|
Date of Appointment : |
25.05.2010 |
|
Date of Ceasing : |
21.12.2010 |
|
DIN No.: |
00195876 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51311MH2008PTC187390 |
Home Idea
Upholstery Private Limited |
Additional
director |
25/05/2010 |
25/05/2010 |
21/12/2010 |
Active |
NO |
|
Name : |
Mr. Ajay Virender Arora |
|
Designation : |
Director |
|
Address : |
54, V. K. Cottage, 9th Road, J.V.P.D. Scheme, Juhu, Mumbai
– 400049, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1968 |
|
Date of Appointment : |
08.10.2008 |
|
DIN No.: |
00276143 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U99999MH1986PTC039325 |
D. C. Polyester
Private Limited |
Director |
10/10/1988 |
10/10/1988 |
- |
Active |
NO |
|
2 |
U17120MH1999PTC118945 |
D'decor Home
Fabrics Private Limited |
Director |
28/07/1999 |
28/07/1999 |
- |
Active |
NO |
|
5 |
U51311MH2008PTC187390 |
Home Idea
Upholstery Private Limited |
Director |
8/10/2008 |
8/10/2008 |
- |
Active |
NO |
|
Name : |
Mr. Sanjay Virender Arora |
|
Designation : |
Director |
|
Address : |
54, V. K. Cottage, 9th Road, J.V.P.D. Scheme, Juhu, Mumbai
– 400049, Maharashtra, India |
|
Date of Birth/Age : |
08.04.1965 |
|
Date of Appointment : |
08.10.2008 |
|
DIN No.: |
00276271 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U99999MH1986PTC039325 |
D. C. Polyester
Private Limited |
Director |
10/10/1988 |
10/10/1988 |
- |
Active |
NO |
|
2 |
U17120MH1999PTC118945 |
D'decor Home
Fabrics Private Limited |
Director |
31/07/2000 |
31/07/2000 |
- |
Active |
NO |
|
3 |
U51311MH2008PTC187390 |
Home Idea
Upholstery Private Limited |
Director |
8/10/2008 |
8/10/2008 |
- |
Active |
NO |
|
Name : |
Mr. Sameer Mahesh Kanani |
|
Designation : |
Additional Director |
|
Address : |
302, Shubh Apartments, 12, B. G. Kher Marg, Worli, Mumbai – 400018, |
|
Date of Appointment : |
09.08.2011 |
|
DIN No.: |
00165373 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51311MH1997PTC108222 |
Kanani Trading
Company Private Limited |
Director |
26/05/1997 |
26/05/1997 |
- |
Active |
NO |
|
2 |
U51311MH2000PTC124575 |
Eleganza
Furnishings Private Limited |
Director |
29/02/2000 |
29/02/2000 |
- |
Active |
NO |
|
3 |
U51311MH1997PTC108871 |
Vinked Cloths
Private Limited |
Director |
28/04/2004 |
28/04/2004 |
- |
Active |
NO |
|
4 |
U17120MH1994PTC079511 |
Sheetal Drape ( |
Additional
director |
31/03/2010 |
31/03/2010 |
- |
Active |
NO |
|
5 |
U17291MH2011PTC220633 |
Master Home
Furnishing Private Limited |
Director |
8/8/2011 |
8/8/2011 |
- |
Active |
NO |
|
6 |
U51311MH2008PTC187390 |
Home Idea
Upholstery Private Limited |
Additional
director |
9/8/2011 |
9/8/2011 |
- |
Active |
NO |
|
Name : |
Mr. Arvind Madhavprasad Poddar |
|
Designation : |
Director |
|
Address : |
Krishna Bhawan, 252, |
|
Date of Birth/Age : |
14.02.1962 |
|
Date of Appointment : |
08.10.2008 |
|
DIN No.: |
00196046 |
|
|
|
|
Name : |
Mrs. Sameetaa Sanjay Arora |
|
Designation : |
Additional Director |
|
Address : |
54, V. K. Cottage, 9th Road, J.V.P.D. Scheme, Juhu, Mumbai
– 400049, Maharashtra, India |
|
Date of Birth/Age : |
09.08.1966 |
|
Date of Appointment : |
25.05.2010 |
|
DIN No.: |
03034072 |
|
|
|
|
Name : |
Mrs. Simone Ajay Arora |
|
Designation : |
Additional Director |
|
Address : |
54, V. K. Cottage, 9th Road, J.V.P.D. Scheme, Juhu, Mumbai
– 400049, Maharashtra, India |
|
Date of Appointment : |
25.05.2010 |
|
DIN No.: |
03034132 |
KEY EXECUTIVES
|
Name : |
Mr. Amith |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Mahesh Ramdas Kanani |
|
20000 |
|
Ajay Arora |
|
156800 |
|
Sanjay Arora |
|
156800 |
|
Virender Kumar Arora |
|
176400 |
|
Harsha Mahesh Kanani |
|
20000 |
|
Sameer Mahesh Kanani |
|
18571 |
|
Sejal Sameer Kanani |
|
500 |
|
Mahesh Ramdas Kanani (HUF) |
|
500 |
|
Sameer Mahesh Kanani (HUF) |
|
500 |
|
Master Veer Sameer Kanani |
|
500 |
|
Vinod Nandlal Kedia |
|
20000 |
|
Malti Vinod Kedia |
|
10000 |
|
Vinod Nandlal Kedia (HUF) |
|
1111 |
|
Shruti Vinod kedia |
|
100 |
|
Anudita Agarwal |
|
100 |
|
Arvind Poddar |
|
18368 |
|
Kajal Dilip Lakhani / Hema Dilip Lakhani |
|
12250 |
|
Sheetal Drapes India Private Limited, |
|
171500 |
|
Sameetaa Arora |
|
98000 |
|
Simone Arora |
|
98000 |
|
Total |
|
980000 |
As on 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
18.00 |
|
Directors or relatives of Directors |
75.00 |
|
Other top fifty shareholders |
7.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of fabric i.e Cotton, Jute, Silk, Nylon, Artificial
Silk, Blankets, Bed Table and Bath Linen, Polyester, Acrylic, Shoddy, Hemp
Synthetic Mat. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
Note : Loan repayable
within a year Rs.30.521 Millions (Previous year Rs.40.200 Millions) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Lakhani and Company Chartered Accountants |
|
Address : |
Hemsharsaka, 19, Gola Lane, Fort, Mumbai – 400001, |
|
Tel. No.: |
91-22-22666660 / 1 / 2 |
|
Mobile No.: |
91-22-22666644 |
|
E-Mail : |
|
|
PAN.: |
AAAFL1302L |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
980000 |
Equity Shares |
Rs.10/- each |
Rs.9.800
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
9.800 |
9.800 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
33.417 |
6.190 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
43.217 |
15.990 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
59.845 |
0.000 |
|
|
2] Unsecured Loans |
|
30.521 |
40.200 |
|
|
TOTAL BORROWING |
|
90.366 |
40.200 |
|
|
DEFERRED TAX LIABILITIES |
|
0.293 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
133.876 |
56.190 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
7.464 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
76.690 |
55.304 |
|
|
Sundry Debtors |
|
56.030 |
26.391 |
|
|
Cash & Bank Balances |
|
17.998 |
5.102 |
|
|
Other Current Assets |
|
3.363 |
0.211 |
|
|
Loans & Advances |
|
1.829 |
0.000 |
|
Total
Current Assets |
|
155.910 |
87.008 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
25.059 |
28.776 |
|
|
Other Current Liabilities |
|
4.401 |
0.950 |
|
|
Provisions |
|
0.038 |
1.092 |
|
Total
Current Liabilities |
|
29.498 |
30.818 |
|
|
Net Current Assets |
|
126.412 |
56.190 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
133.876 |
56.190 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
442.032 |
85.732 |
|
|
|
Other Income |
|
0.169 |
0.093 |
|
|
|
TOTAL (A) |
|
442.201 |
85.825 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
368.240 |
123.092 |
|
|
|
Administrative and Other Expenses |
|
30.658 |
4.806 |
|
|
|
Selling and Distribution Expenses |
|
15.159 |
1.858 |
|
|
|
(Increase) / Decrease in stock |
|
(21.386) |
(55.304) |
|
|
|
TOTAL (B) |
|
392.671 |
74.452 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
49.530 |
11.373 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
7.636 |
2.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
41.894 |
9.290 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.554 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
41.340 |
9.290 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
14.114 |
3.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
27.226 |
6.190 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
6.190 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
33.416 |
6.190 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
27.78 |
12.63 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
|
6.16 |
7.21 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
9.35 |
10.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
25.30 |
10.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.96 |
0.58 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
2.77 |
4.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
5.29 |
2.82 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
|
Sundry
Creditors |
|
|
|
- For Goods |
23.785 |
28.007 |
|
- For Expenses |
1.274 |
0.769 |
|
Total |
25.059 |
28.776 |
FINANCIAL
RESULTS:
During the year, progress of the company was
commendable as the profit after tax of the company augmented by Rs.21.036
Millions as compared to last year.
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
-- |
|
8) No. of employees |
No |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last three years |
No |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
No |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
No |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
NOTE:
Registered office of the company has been shifted
from “Shop No.1A, Ground Floor, 138/142, Parswadeeo Building Shamaldas Gandhi
Marg, Mumbai – 400002,
FORM 8
|
Corporate
identity number of the company |
U51311MH2008PTC187390 |
|
Name of the
company |
HOME IDEA UPHOLSTERY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
972, Solitaire Corporate Park, Building No.9167, Guru Hargovindji Marg,
Andheri (East), Mumbai – 400093, E-mail : sales@home-ideas.in |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10174900 |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Union Bank of E-Mail : cbssantacruz@unionbankofindia.com
|
|
Nature of
instrument creating charge |
Supplementary
Agreement to Hypothecation Agreement of Goods and Debts. |
|
Date of
instrument Creating the charge |
18.07.2011 |
|
Amount secured by
the charge |
Rs.175.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate +3.25% per
annum i.e. 13.25% per annum with monthly rests or such other rate as may be
revised by the Bank from time to time Terms of
Repayment On Demand Margin As per sanction
terms Extend and
operation of the charge To secure Cash
Credit (Hypothecation) facility of Rs.175.000 Millions W/W Foreign Currency
loan facility of (Rs.140.000 Millions) granted by the Bank to the company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
That the hypothecation
Goods, Book-Debts and Movable Property covered by the principal Hypothecation
Agreement shall continue to be security for the enhanced Cash Credit
(Hypothecation) Facility Rs.175.000 Millions W/W Foreign Currency Loan
facility of (Rs.140.000 Millions) granted by the bank to the Company. |
|
Date of
instrument modifying the charge |
07.03.2011 |
|
Particulars of
the present modification |
Vide this
modification an additional sum of Rs.25.000 has been granted by the bank
thereby enhancing the cash credit (hypothecation) facility from Rs,150.000
Million Rs.175.000 Millions W/W FCL facility of (Rs.140.000 Millions) and
that the Hypothecated Goods, block-Debts and Moveable property covered by the
principal Hypothecation Agreement shall continue to be security for the
enhanced cash credit (hypothecation) facility
of Rs.175.000 Millions W/W FCL facility of (Rs.140.000 Millions)
granted by the bank to the company. |
FIXED ASSETS:
- Computer
- Furniture and Fixtures
- Office Equipments
- Plant and Machinery
- Lease Period Items-Office
- Lease Period Items- Godown
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 records 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.52.81 |
|
|
1 |
Rs.82.00 |
|
Euro |
1 |
Rs.68.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
46 |
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.