1. Summary Information
|
|
|
Country |
|
|
Company Name |
AUTOMETERS
ALLIANCE LIMITED |
Principal Name 1 |
Keshav Kumar Thirani |
|
Status |
Satisfactory |
Principal Name 2 |
Harsh V Kejriwal |
|
|
|
Registration # |
-- |
|
Street Address |
101C, Shiv
House, Hari Nagar, Ashram, New Delhi-110014, |
||
|
Established Date |
14.07.1995 |
SIC Code |
-- |
|
Telephone# |
91-11-2583545/
26343774/
26946764 |
Business Style 1 |
Manufacturing of Switchgear, Power Electronics. |
|
Fax # |
91-120-2583542 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
-- |
|
# of employees |
350 |
Product Name 2 |
-- |
|
Paid up capital |
70,000,000 |
Product Name 3 |
-- |
|
Shareholders |
Autometers Limited - 4330000 |
Banking |
Central
Bank of |
|
Public Limited Corp. |
-- |
Business Period |
36 years |
|
IPO |
--- |
International Ins. |
- |
|
Public |
--- |
Rating |
Ba
(50) |
|
Related
Company |
|||
|
Relation
Associates |
Country
|
Company
Name |
Goldwyn Limited |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
316,882,000 |
Current Liabilities |
223,416,000 |
|
Inventories |
278,656,000 |
Long-term Liabilities |
145,214,000 |
|
Fixed Assets |
264,876,000 |
Other Liabilities |
6,315,000 |
|
Deferred Assets |
-- |
Total Liabilities |
374,945,000 |
|
Invest& other Assets |
14,839,000 |
Retained Earnings |
430,308,000 |
|
|
|
Net Worth |
500,308,000 |
|
Total Assets |
875,253,000 |
Total Liab. & Equity |
875,253,000 |
|
Total Assets (Previous Year) |
730,165,000 |
|
|
|
P/L Statement as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
1,192,092,000 |
Net Profit |
106,231,000 |
|
Sales(Previous yr) |
874,375,000 |
Net Profit(Prev.yr) |
27,672,000 |
MIRA
INFORM REPORT
|
Report Date : |
25.02.2011 |
IDENTIFICATION DETAILS
|
Name : |
AUTOMETERS ALLIANCE LIMITED |
|
|
|
|
Formerly Known As : |
AUTOMETERS SECHERON LIMITED |
|
|
|
|
Registered Office : |
101C, Shiv House, Hari Nagar, Ashram, New Delhi-110014 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2009 |
|
|
|
|
Date of Incorporation : |
14.07.1995 |
|
|
|
|
Com. Reg. No.: |
55-70835 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U74899DL1995PLC070835 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELA11683A |
|
|
|
|
Legal Form : |
Closely Held Public Limited Liability company |
|
|
|
|
Line of Business : |
Manufacturing of Switchgear, Power Electronics, Data Acquisition,
Display System and Surveillance System. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established and a reputed company having satisfactory
track. Trade relations are reported to be regular as fair. Business is
active. Payments are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
|
Registered Office : |
101C, Shiv House, Hari Nagar, Ashram, New Delhi-110014, |
|
Tel. No.: |
91-11-2583545/ 26343774/ 26946764 |
|
Fax No.: |
91-120-2583542 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 sq. meters |
|
Location : |
Owned |
|
|
|
|
Corporate/ Head Office/ Factory 1 : |
C-63, Sector 57, Noida – 201307, |
|
Tel. No.: |
91-120-2583545/ 2583546 / 2479200 |
|
Fax No.: |
91-120-2583542 |
|
E-Mail : |
|
|
|
|
|
Factory 2: |
Village-Beli-Deyol, |
DIRECTORS
|
Name : |
Mr. Keshav Kumar Thirani |
|
Designation : |
Managing Director |
|
Address : |
B-104/2, |
|
Date of Birth/Age : |
11.08.1947 |
|
Qualification : |
B. Com. (Hons.) |
|
Date of Appointment : |
14.07.1995 |
|
Previous Employment : |
Autometers Limited |
|
|
|
|
Name : |
Mr. Harsh V Kejriwal |
|
Designation : |
Director |
|
Address : |
12/1, |
|
Date of Birth/Age : |
02.05.1947 |
|
Date of Appointment : |
26.10.1995 |
|
|
|
|
Name : |
Mr. M K Venkateshwaram |
|
Designation : |
Director |
|
Address : |
304/10, Shanti Park Apartments, Jaya Nagar, B lock No.9,
Bangalore-560069, |
|
Date of Birth/Age : |
03.03.1936 |
|
Date of Appointment : |
05.04.1998 |
|
|
|
|
Name : |
Mr. Shri Gopal Rajgarhia |
|
Designation : |
Director |
|
Address : |
33/1, Friends Colony (East), New Delhi-110065, |
|
Date of Birth/Age : |
21.08.1946 |
|
Date of Appointment : |
05.10.2000 |
KEY EXECUTIVES
|
Name : |
Mr. Dharam V Jain |
|
Designation : |
Company Secretary |
|
Address : |
A-201, Masara Apartments, C-9, Vasundhara Enclave, Delhi-110096, |
|
Date of Birth/Age : |
04.04.1966 |
|
Date of Appointment : |
01.12.1997 |
|
|
|
|
Name : |
Dr. A.K. Agarwal |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 25.09.2009)
|
Names of Shareholders |
No. of Shares |
|
Autometers Limited |
4330000 |
|
K K Thirani |
1570002 |
|
H V Kejriwal |
1 |
|
Jayshree Thirani |
1 |
|
Girija Jhunjhunwala |
1 |
|
Aditi Thirani |
1 |
|
Anuja Thirani |
1 |
|
Venture Capital Leasing Limited |
1100000 |
|
|
|
|
Total |
7000007 |
(As on 30.09.2009)
|
Category |
Percentage |
|
|
|
|
Bodies corporate |
77.57 |
|
Directors or relatives of directors |
22.43 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Switchgear, Power Electronics, Data Acquisition,
Display System and Surveillance System. |
||||||||||
|
|
|
||||||||||
|
Products : |
Transportation
Sector ( · Power Switch
Gear · Control Switch
Gear · Power
Conditioning · Data Acquisition
and Control Devices · Display Systems Industrial
Sector · UPS · Wireless
Information Display Systems · Surveillance
Systems |
||||||||||
|
|
|
||||||||||
|
Brand Name : |
“PEGASUS-UP” |
GENERAL INFORMATION
|
Customers : |
Export-Rail
Application · Siemens · Bombardier · Rotem · SLS Heavy
Industries Company Limited · Secheron Domestic
Customer ( · · BEML · BHEL · North Eastern
Railway Industrial :
Others · · beml · Indian Railways |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
350 |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
Central Bank of |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Batliboi and Company Chartered Accountants |
|
Address 1: |
Hindustan Times House, 6th Floor, K G Marg, |
|
Address 2: |
B-26, Qutab Institutional
Area, |
|
|
|
|
Memberships : |
· Engineering Export Promotion Council · Indian Electrical and Electronics Manufacturers’ Association |
|
|
|
|
Parent Company : |
· Autometers Limited U34300DL1959PLC003160 |
|
|
|
|
Associates : |
· RMG Autometers Gas Technologies Limited · Goldwyn Limited |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000007 |
Equity Shares |
Rs.10/- each |
Rs.70.000
millions |
|
|
|
|
|
NOTE:
Of the above 7,000,000 equity shares are held by Autometers Limited, the Holding Company. 5,710,000 equity shares Rs.10 each have been issued for consideration other than cash.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
70.000 |
70.000 |
70.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
430.308 |
324.077 |
308.690 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
500.308 |
394.077 |
378.690 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
145.214 |
124.749 |
121.214 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
145.214 |
124.749 |
121.214 |
|
|
DEFERRED TAX LIABILITIES |
6.315 |
5.604 |
4.171 |
|
|
|
|
|
|
|
|
TOTAL |
651.837 |
524.430 |
504.075 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
264.876 |
213.732 |
198.148 |
|
|
Capital work-in-progress |
14.839 |
71.660 |
53.028 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
278.656
|
199.482 |
177.311
|
|
|
Sundry Debtors |
287.070
|
185.674 |
163.899
|
|
|
Cash & Bank Balances |
14.718
|
25.792 |
58.097
|
|
|
Other Current Assets |
0.587
|
0.734 |
0.083
|
|
|
Loans & Advances |
14.507
|
33.091 |
26.138
|
|
Total
Current Assets |
595.538
|
444.773 |
425.528 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
127.288
|
115.194 |
122.031
|
|
|
Provisions |
96.128
|
90.541 |
50.598
|
|
Total
Current Liabilities |
223.416
|
205.735 |
172.629
|
|
|
Net Current Assets |
372.122
|
239.038 |
252.899
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
651.837 |
524.430 |
504.075 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
Sales Turnover |
1192.092 |
874.375 |
742.986 |
|
|
Other Income |
16.556 |
10.547 |
14.461 |
|
|
Total Income |
1208.648 |
884.922 |
757.447 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
156.705 |
47.995 |
135.999 |
|
|
Provision for Taxation |
50.474 |
20.323 |
48.362 |
|
|
Profit/(Loss) After Tax |
106.231 |
27.672 |
87.637 |
|
|
|
|
|
|
|
|
Export Turnover |
13.882 |
5.119 |
N.A. |
|
|
|
|
|
|
|
|
Import Value |
239.146 |
171.314 |
NA |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Raw Material Consumed |
647.932 |
454.075 |
391.051 |
|
|
Purchases made for re-sale |
18.910 |
1.822 |
0.438 |
|
|
Increase/(Decrease) in Finished Goods |
(34.086) |
11.659 |
(40.584) |
|
|
Salaries, Wages, Bonus, etc. |
156.124 |
129.021 |
87.956 |
|
|
Managerial Remuneration |
8.254 |
3.547 |
7.189 |
|
|
Payment to Auditors |
1.089 |
0.762 |
0.930 |
|
|
Interest |
12.308 |
14.438 |
8.153 |
|
|
Insurance Expenses |
1.812 |
1.965 |
2.479 |
|
|
Power & Fuel |
8.958 |
9.213 |
7.254 |
|
|
Depreciation & Amortization |
30.083 |
23.867 |
14.329 |
|
|
Other Expenditure |
200.561 |
186.558 |
142.252 |
|
Total Expenditure |
1051.944 |
836.927 |
621.447 |
|
|
|
|
|
|
|
|
Earnings Per Share (Rs.) |
15.18 |
3.95 |
12.52 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
8.79 |
3.13 |
11.57
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.15 |
5.49 |
18.30
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.21 |
7.29 |
21.81
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.12 |
21.81
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.74 |
0.84 |
0.78
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.67 |
2.16 |
2.46
|
LOCAL AGENCY FURTHER INFORMATION
PERFORMANCE
AND OUTLOOK
The gross sales for the year have been Rs.1322.700 Millions
as against Rs.1006.400 Millions for the previous year. The company has
commenced production of Relay’s at Baddi in Oct.’2008.
The management of the Company continues to seek
opportunities for introduction of new products both for the railways and for
other sectors. Ongoing discussions are taking place for acquisition of new
product technologies under licence agreements. Meanwhile, the Company continues
it's efforts for development of new products and upgradation of existing
products through it's own research and development team.
The outlook for the Company in the current year looks
favourable. They have submitted their bids for new contracts and are hopeful of
receiving orders from theircustomers.
FORM NO. 8
|
Name of the
company |
AUTOMETERS ALLIANCE LIMITED |
|
Presented By |
Mr. K K Thirani, Managing Director |
|
1) Date and description of instrument creating the change |
Letter of Industrial Development Bank of (Charge Registered on 13.06.2000) |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.120.000 millions |
|
3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
2nd Charge on land admeasuring 7248.44 Sq. mtrs. bearing Plot No. 61, 62, 63 situated at Block-C, Sector-57, Phase-III, Noida together with building, Plant and Machinery thereon against working capital limit of Rs.120.000 millions. (Charge Registered on 13.06.2000) |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Not Applicable |
|
5) Name and Address and description of the person entitled to the charge. |
Central Bank of 70, Janpath, |
|
6) Date and brief description of instrument modifying the charge |
Certificate from Industrial Development Bank of |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
2nd Charge to Central Bank of |
|
Corporation identity number or foreign company registrations number of the company |
U74899DL1995PLC070835 |
|
Name of the company |
Autometers Alliance Limited |
|
Address |
101C, Shiv House, Hari Nagar, Ashram, New Delhi-110014, |
|
This Form is for |
Modification of charge |
|
Type of Charges |
·
Immovable property ·
Movable property (not being pledge) ·
Others -Entire Fixed Assets |
|
Particular of the charge holder |
Central Bank of 70, Janpath, |
|
Nature or description of the instrument creating charge |
·
Hypothecation Agreement for letter of credit facility ·
Oral Assent for extension of equitable mortgage
by deposit of title deeds. |
|
Date of the instrument creating charge |
03.12.2009 |
|
Amount Secure by the charge |
Rs.30.000 millions |
|
Brief of the principal terms and conditions and extent and operation of the charge |
· Rate of interest As per sanction Terms · Terms of
repayment As per sanction Terms · Margin 10% · Extent and
operation of the charge The Company’s properties as mentioned hereunder (as per column No. 15)
are hypothecated to the bank to secure Letter of Credit Limit of Rs.30.000 millions
granted by the Bank to the Borrower. |
|
Particulars of the Property charged |
All stock consisting of computers and its peripheral and other
consumable stores and their allied
also charge on entire Block Assets (present and future) of the Company. |
|
Particulars of the present modification |
The Letter of Credit limit remain the same at Rs.30.000 Millions. But fresh Agreement is executed. Therefore amount of charge secured against
hypothecation of stocks and equitable mortgage of companies immovable
properties as mentioned in column no. 15 above has been renewed to Rs.30.000
Millions |
FIXED ASSETS:
·
·
·
Building
·
Plant and Machinery
·
Electric Installations
·
Furniture and Fixture
·
Office Equipment
·
Motor Vehicles
WEB DETAILS:
PROFILE:
Subject an ISO 9001 certified company ranks amongst the
premier Railway Equipment and UPS Manufacturer in the country. Ever since its
inception in 1959, subject has been constantly striving to adapt the best
international technologies and manufacturing practices, keeping in mind the
segment needs and application area.
The Company has a well organised production setup and state
of the art manufacturing capabilities in the field of Switchgear, Power
Electronics, Data Acquisition, Display System and Surveillance System at Noida
(Near Delhi) and Baddi (Near Chandigarh) having a manufacturing area of 200,000
square feet. The quality standards and manufacturing facilities employed are at
par with the existing global standards. The Company has its own in-house
R&D Centre recognised by Ministry of Science and Technology , Government of
India.
HISTORY
1959
· Company Incorporated
·
Setup Plant in Ballabhgarh (Haryana) for
manufacture of Automotive instruments
1988
· Major
diversification of business activity for manufacture of traction equipment for
Indian Railways
· New production
facility at Noida established
· Local production
of Railway Tachograph started in technical collaboration with Hasler Ltd,
·
Local
production of Protection Relays for Indian Railways started in technical
collaboration with Secheron SA,
1989
·
Setup R&D centre at Noida
1992
·
Local
production of Protection Relays for Indian Railways started in technical collaboration
with Secheron SA,
1993
·
R and D centre recognised by Ministry of Government
of
·
Local production of Wheel Flange Lubricating System
for Indian Railways started in technical collaboration with Secheron SA,
1994
· Obtained ISO 9001 certification
1996
·
Local production of Online Uninterruptible Power
Supply Systems upto 40 kVA started in technical collaboration with
1998
1998
·
Local production of Vacuum Circuit Breaker for
Electric Locomotives and EMUs started in technical collaboration with Secheron
SA,
·
Relocated to a larger and modern manufacturing
facility in Sector 57, Noida
1999
·
Local production of 300 kVA GTO based Auxiliary
Converter for Electric Locomotives (AC propulsion) started in technical
collaboration with Chittaranjan Locomotive Works, Indian Railways
·
Local production of IGBT based 25 kVA Underslung
Converter (DC to AC) for Passenger Coaches started in technical collaboration
with Hyundai Heavy Industries Co. Limited,
2000
·
Local production of IGBT based 180 kVA Static
Converter(1ø to 3ø) for Electric Locomotives (DC propulsion) started in
technical collaboration with Hyundai Heavy Industries Co. Limited,
·
Local production of IGBT based 25kVA Onboard
Converter (DC to AC) for Passenger Coaches started in technical collaboration
with Hyundai Heavy Industries Co. Ltd,
2001
Local production of Electrical Circular Connectors for traction
application started in technical collaboration with Gimota AG,
2002
·
Signed an exclusive technical license agreement
with Whiteley Electronics Limited,
·
Local production of IGBT based 25 kVA Underslung
Converter (1ø to 3ø) for Passenger Coaches started in technical collaboration
with Hyundai Heavy Industries Company Limited,
2006
· Signed technical collaboration agreement with Ganz Transelectro Traction Electrics Limited, Hungry for production of Onload tap changer for Electric Locomotives
·
Signed technical collaboration agreement with
·
Signed technical collaboration agreement with
AlfaUnion, a.s.
·
Signed technical license agreement with Pixy AG,
Year of Establishment
1959
Focus Area
Designing, Manufacturing, Supply, Installation and Servicing of various
Measuring , Switchgear and
Power Conditioning equipment for Railways and Uninterruptible Power
Supply (UPS) for various Applications.
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.45.37 |
|
|
1 |
Rs.73.24 |
|
Euro |
1 |
Rs.62.68 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
50 |
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.