MIRA
INFORM REPORT
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Report Date : |
16.07.2011 |
IDENTIFICATION DETAILS
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Name : |
G K FOUNDERS PRIVATE LIMITED |
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Registered Office : |
Ranka House, Bail Bazar, Kurla (West), Mumbai – 400 070, |
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Country : |
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Financials (as on) : |
31.03.2009 |
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Date of Incorporation : |
11.10.1988 |
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Com. Reg. No.: |
11-49143 |
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Capital Investment
/ Paid-up Capital : |
Rs.20.000 Millions |
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CIN No.: [Company
Identification No.] |
U27310MH1988PTC049143 |
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Legal Form : |
Private Limited Liability Company
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Line of Business : |
Manufacturer of Aluminium Alloy Ingots. |
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No. of Employees
: |
30 [Including Contract Workers – 140 Employees] Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 306000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. The
latest financials of the company are missing from the government department.
However, 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 for business dealings at usual trade
terms and condition. |
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
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Name : |
Mr. Rahul Ranka |
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Designation : |
Sales Executive |
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Contact No.: |
91-9987168686 |
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Date : |
14.07.2011 |
LOCATIONS
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Registered Office : |
Ranka House, Bail Bazar, Kurla (West), Mumbai – 400 070, |
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Tel. No.: |
91-22-32569042 / 25141266 / 25164684 / 25140824 |
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Mobile No.: |
91-9987168686 [Mr. Rahul Ranka] |
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Tele Fax No.: |
91-22- 25140824 / 25142078 |
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E-Mail : |
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Website : |
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Area : |
3200 sq.ft. |
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Location : |
Owned |
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Factory : |
Survey No. 331/2, Plot 5/B, |
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Tel. No.: |
91-260-3290990 |
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Tele Fax No.: |
91-260-2631812 |
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Area : |
3000 sq. mtr. |
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Location : |
Owned |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Sohan Gheverchand Ranka |
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Designation : |
Director |
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Address : |
C/203, Hulasbasti, |
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Date of Birth/Age : |
02.09.1954 |
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Qualification : |
B.Com |
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Date of Appointment : |
11.10.1988 |
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DIN : |
00216297 |
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Name : |
Mr. Tejraj Gheverchand Ranka |
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Designation : |
Director |
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Address : |
1002/3, Kamla Ashish, Dhanukarwadi, Kandivali, Mumbai – 400 092, |
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Date of Birth/Age : |
22.07.1961 |
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Date of Appointment : |
11.10.1988 |
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DIN : |
00216672 |
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Date of Cessation : |
21.03.2008 |
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Name : |
Mr. Parvesh Sohan Ranka |
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Designation : |
Director |
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Address : |
Ranka House, Kale Marg, Bail Bazar, Kurla (West), Mumbai – 400 070, |
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Date of Birth/Age : |
12.02.1979 |
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Qualification : |
B.Com |
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Date of Appointment : |
20.03.2008 |
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DIN : |
01712562 |
KEY EXECUTIVES
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Name : |
Mr. Rahul Ranka |
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Designation : |
Sales Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(As on 30.09.2010)
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Names of Shareholders |
No. of Shares |
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Sohan Gheverchand Ranka |
119871 |
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Mahesh Gheverchand Ranka |
9004 |
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Badamibhai Gheverchand Ranka |
10000 |
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Shantidevi Sohan Ranka |
56875 |
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Pravesh Sohan Ranka |
250 |
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Rahul Sohan Ranka |
4000 |
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Total |
200000 |
(As on 30.09.2010)
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Aluminium Alloy Ingots. |
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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, Credit |
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Purchasing : |
Cash, Credit |
PRODUCTION STATUS As on 31.03.2008
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Particulars |
Installed
Capacity |
Actual
Production |
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Aluminium Ingots |
10850000 Kgs |
4049115 Kgs. |
GENERAL INFORMATION
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Customers : |
·
Corporate |
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No. of Employees : |
30 [Including Contract Workers – 140 Employees] Approximately |
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Bankers : |
·
State Bank of ·
HSBC Limited ·
HDFC Bank ·
Citi Bank ·
ICICI Bank |
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Facilities : |
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Banking
Relations : |
- |
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Financial Institution : |
SBI Factors and Commercial Services Private Limited 61, Sakhar Bhavan, 6th Floor, Nariman Point, (through its Wakdewadi
Branch, Pune), Mumbai – 400 021, Brach Office : Pune Branch,
Tara Chambers, 2nd Floor, Wakdewadi, Pune – |
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Auditors : |
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Name : |
P H Dave and Company Chartered Accountant |
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Address : |
118, Andheri Industrial Estate, Off |
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Associates/Subsidiaries : |
·
G K Castings Private Limited, Activity
:
Manufacturer Fluorolined Equipments ·
Disha Traders, ·
Veena Alloys
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CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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200,000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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200,000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 millions |
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As on 30.09.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500,000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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200,000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
20.000
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20.000 |
20.000 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
56.569 |
48.027 |
34.126 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
76.569 |
68.027 |
54.126 |
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LOAN FUNDS |
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1] Secured Loans |
85.202 |
122.524 |
113.393 |
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2] Unsecured Loans |
1.427 |
5.157 |
5.571 |
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TOTAL BORROWING |
86.629 |
127.681 |
118.964 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
163.198 |
195.708 |
173.090 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
14.312 |
15.068 |
12.257 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.921 |
0.405 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
36.966
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44.528 |
41.016 |
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Sundry Debtors |
50.385
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107.493 |
122.680 |
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Cash & Bank Balances |
28.445
|
2.180 |
0.679 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
32.553
|
25.390 |
4.472 |
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Total
Current Assets |
148.349
|
179.591 |
168.847 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors for Goods and Expenses |
[4.570] |
[4.410] |
5.917 |
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Other Liabilities |
4.954 |
3.766 |
2.133 |
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Provisions |
0.000
|
0.000 |
0.000 |
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Total
Current Liabilities |
0.384
|
[0.644] |
8.050 |
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Net Current Assets |
147.965
|
180.235 |
160.797 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.036 |
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TOTAL |
163.198 |
195.708 |
173.090 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SALES |
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Income |
495.941 |
564.745 |
634.667 |
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Other Income |
1.262 |
0.499 |
0.037 |
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TOTAL (A) |
497.203 |
565.244 |
634.704 |
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Less |
EXPENSES |
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Salary, Wages and Bonus |
6.543 |
5.299 |
5.067 |
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Raw Materials Consumed |
427.726 |
501.648 |
574.116 |
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Stores and Spares Consumed |
2.263 |
3.507 |
2.894 |
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Factory Expenses |
21.655 |
19.136 |
18.807 |
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Directors Remuneration |
0.694 |
0.675 |
0.600 |
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Administration Expenses |
8.202 |
4.849 |
4.215 |
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Selling and Distribution Expenses |
0.157 |
0.099 |
0.059 |
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Increase/(Decrease) in closing stock |
1.313 |
(0.656) |
1.067 |
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TOTAL (B) |
468.553 |
534.557 |
606.825 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
28.650 |
30.687 |
27.879 |
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Less |
FINANCIAL
EXPENSES (D) |
16.568 |
15.600 |
13.266 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.082 |
15.087 |
14.613 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.033 |
1.059 |
0.856 |
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PROFIT BEFORE
TAX (E-F) (G) |
11.049 |
14.028 |
13.757 |
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Less |
TAX (I) |
2.507 |
0.127 |
(0.596) |
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PROFIT AFTER TAX
(G-I) (J) |
8.542 |
13.901 |
14.353 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
48.027 |
34.126 |
19.773 |
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BALANCE CARRIED
TO THE B/S |
56.569 |
48.027 |
34.126 |
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Earnings Per
Share (Rs.) |
42.71 |
69.50 |
67.32 |
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Particulars |
|
31.03.2011 |
31.03.2010 |
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Sales Turnover (Approximately) |
|
720.000 |
690.000 |
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The above information has been parted by Mr. Rahul Ranka [Sales Executives]
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
1.72
|
2.46 |
2.26 |
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Net Profit Margin (PBT/Sales) |
(%) |
2.23
|
2.48 |
2.17 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
6.79
|
7.21 |
7.60 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.21 |
0.25 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.14
|
1.87
|
2.35 |
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Current Ratio (Current Asset/Current Liability) |
|
386.32
|
[278.87]
|
20.97 |
LOCAL AGENCY FURTHER INFORMATION
Sundry Creditors
Details (Partial)
(Rs. In Millions)
|
Particulars |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
Advance for Sundry Creditors Expenses |
2.425 |
2.628 |
-- |
|
Advance for Sundry Creditors - Import |
[1.448] |
[2.566] |
-- |
|
Sundry Creditors - RM |
[5.547] |
[4.472] |
-- |
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Total |
[4.570] |
[4.410] |
NA |
Trade References
- Kothari Metal Limited, Mumbai
- Crompton Greaves
Operations Prospects
:
The Sales Revenue,
has gone down from 564.700 millions in 2007-08 to 495.900 millions in 2008-09.
However the Net Profit has Decreased from 13.800 millions in 2007-08 to 08.500
millions. This was mainly due to Global Economic Crisis and also due to Foreign
exchange fluctuations.
Due to the quality
of product manufactured ( as certified as per ISO 9001- 2000 certification) as
larger market Share is expected. Looking at the pace at which activities are
carried on during the year and also due product mix
and quality produced by the Company.
Form No. 8
|
Corporate
identity number of the company |
U27310MH1988PTC049143 |
|
Name of the
company |
G K FOUNDERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Ranka House, Bail Bazar, Kurla (West), Mumbai – 400 070, |
|
This form is for |
Modification of
charge |
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Type of charge |
Immovable
Property |
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Particular of
charge holder |
State Bank of Industrial Finance Branch, |
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Nature of
instrument creating charge |
No instrument was
executed. Charge created by equitable mortgage by way of deposit of title
deeds by constructive delivery. |
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Date of
instrument Creating the charge |
08.03.2011 |
|
Amount secured by
the charge |
Rs.268.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Not Applicable Terms of
repayment Not Applicable Margin Not Applicable Extent and
operation of the charge Security created
to cover the principal amount plus interest, fees, commission, charges, costs
and expenses including the legal costs. |
|
Particulars of
the property charged |
I.
Flat No.101,
1st Floor, Ranka House, CTS No.93/1 to 93/9, Kurla (W), Mumbai - jointly
owned by Mr. Sohan G. Ranka and Mrs. Shanti S. Ranka
II.
Gala
No.102 & 104, CTS Mo.93/1 to 93/9 Kurla (W), Mumbai - jointly owned by
Mrs. Badamibai G. Ranka and Mr. Sohan
G. Ranka;
III.
Flat
No.103, 1st Floor, Ranka House, CTS No.93/1 to 93/9, Kurla (W), Mumbai -
jointly owned by Mr. Sohan G. Ranka and Mrs. Shanti S. Ranka;
IV.
Gala
No.105, CTS No.93/1 to 93/9 Kurla (W), Mumbai - jointly owned by Mrs.
Badamibai G. Ranka and Mr. Sohan G. Ranka;
V.
Flat
No.203, 2nd Floor,
VI.
Industrial
Shed No.B, S. No.331/2 of Plot No.5, Village Masat, Dadra & Nagar Haveli
- owned by the company |
|
Date of
instrument modifying the charge |
24.09.2010 |
|
Particulars of
the present modification |
1/ Charge over
immovable properties is extended to secure the enhanced credit facilities aggregating
Rs.268.000 millions. 2/ The total enhanced amount of Rs.268.000 millions is
additionally secured against all that piece and parcel of land situated at
Gut No.252, 253 and 322 Village Ambiste Khurd, Palsai Phata, Khaniwali, |
Form 8
|
Corporate
identity number of the company |
U27310MH1988PTC049143 |
|
Name of the
company |
G K FOUNDERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Ranka House, Bail Bazar, Kurla (West), Mumbai – 400 070, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of Industrial Finance Branch, Email - satyendra.sudhanshu@sbi.co.in |
|
Nature of
instrument creating charge |
No instrument was
executed. Charge created by way of equitable mortgage by deposit of title
deeds. |
|
Date of
instrument Creating the charge |
3.08.2009 |
|
Amount secured by
the charge |
Rs. 125.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Not Applicable Terms of
repayment Not Applicable Margin Not Applicable Extent and
operation of the charge Security created
to cover the principal amount plus interest, fees, commission, charges, costs
and expenses including the legal costs. |
|
Particulars of
the property charged |
VII.
Flat No.101,
1st Floor, Ranka House, CTS No.93/1 to 93/9, Kurla (W), Mumbai - jointly
owned by Mr. Sohan G. Ranka and Mrs. Shanti S. Ranka
VIII.
Gala
No.102 & 104, CTS Mo.93/1 to 93/9 Kurla (W), Mumbai - jointly owned by
Mrs. Badamibai G. Ranka and Mr. Sohan
G. Ranka;
IX.
Flat
No.103, 1st Floor, Ranka House, CTS No.93/1 to 93/9, Kurla (W), Mumbai -
jointly owned by Mr. Sohan G. Ranka and Mrs. Shanti S. Ranka;
X.
Gala
No.105, CTS No.93/1 to 93/9 Kurla (W), Mumbai - jointly owned by Mrs.
Badamibai G. Ranka and Mr. Sohan G. Ranka;
XI.
Flat
No.203, 2nd Floor,
XII.
Industrial
Shed No.B, S. No.331/2 of Plot No.5, Village Masat, Dadra & Nagar Haveli
- owned by the company
XIII.
All
the above properties are more particularly described under Schedule II
attached to the SME-5 |
Form 8
|
Name of the company |
G K FOUNDERS PRIVATE LIMITED |
|
Presented By |
SBI Factors and Commercial Services Private Limited |
|
1) Date and description of instrument creating the change |
01.02.2006 Agreement of
Hypothecation |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Rs.45.000
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 |
A first charge of
the Client’s book debts and receivables in respect of agreed customers. |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
Interest shall be
charged on the outstanding(s) in the accounts opened in respect of the
factoring facilities at such rate(s) as may be determine by the Factor from
time to time at the Factor’s sole discretion on the basis of any internal
credit rating accorded to the client or otherwise. Interest rate
upon Default : Amounts unpaid on due date will attract additional interest at
2% per annum over the effective rate.
|
|
5) Name and Address and description of the person entitled to the charge. |
SBI Factors and Commercial Services Private Limited 6th Floor, Sakhar Bhavan, Opp. Oberoi Hotel, Nariman Point,
Mumbai – 400 021 and Branch office at Tara Chambers, 2nd Floor,
Mumbai - Pune Road, Wakdewadi, Pune – 411 003, Maharashtra, India |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
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. |
Not Applicable |
Form 8
|
Corporate
identity number of the company |
U27310MH1988PTC049143 |
|
Name of the
company |
G K FOUNDERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Ranka House, Bail Bazar, Kurla (West), Mumbai – 400 070, |
|
This form is for |
Modification of
charge |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Floating
charge |
|
Particular of
charge holder |
SBI Factors and Commercials Private Limited Pune Branch, Tara Chambers, 2nd Floor, Wakdewadi, Pune – |
|
Nature of
instrument creating charge |
Supplemental
Agreement for increase in Factoring Facility (Hypothecation Agreement) and
Supplemental Agreement for increase in Purchase Bill Factoring Facilities
(Hypothecation Agreement) both the documents executed on 17th of
December 2008 to create a single charge against the current assets / book
debts of the borrower company to secure the loan facility extended by SBI Factors and
Commercials Private Limited |
|
Date of instrument
Creating the charge |
17.12.2008 |
|
Amount secured by
the charge |
Rs.107.500
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
·
Rate
of interest Finance charge for the factoring facility would with monthly rests.
Finance charge for the purchase bills factoring would be 14.25% p.a. with
monthly rests. The rate will be subject to change as per directives of
Corporate Office. Handling charges for the factoring facility would be 10ps% of the
invoice value subject to minimum of Rs.100/- per invoice + Service Tax.
Handling Charges for purchase bill factoring would be minimum of Rs.250 and
maximum Rs.500/- per Hundi+Service Tax. ·
Terms
of repayment As factoring is based on whole turnover concept, all credit invoices
including the purchase bills raised by approved customers which has been
noted by mutual consent and for which the hypothecation agreement signed by
the borrower company be routed through SBI Factors and Commercials Private
Limited. PBF Post dated cheques be submitted alongwith the accepted Hundi
while factoring invoices under PBF facility. ·
Margin 10% thus the prepayment against invoices
drawn on approved customers would be made maximum 90% of face value subject
to the prepayment outstanding not exceeding Rs.55.000 millions at any time in
Factoring facility and 100% in Purchase Bill factoring facility subject to
the prepayment outstanding not exceeding Rs.45.000 millions. ·
Extent and operation of the charge The SBI Factors and Commercial Services
Private Limited will have single and first charge on the book debts of the
borrower company and against mutually approved customers with whom the
purchase activities is being carried out by the borrower company and for
which the record is being maintained at the Registered office and at the
works of the borrower company. |
|
Particulars of
the property charged |
The SBI Factors and Commercial Services Private Limited will have
single and first charge on the book debts and on fixed assets situated at ·
Factory building and land at S. No. 313/2, Plot
No. 5/B Tipco Road, Masat Silvassa – 396 130, Dadar Nagar Haveli. ·
Flat No. 203 in Tower CHS Limited, S No. 163/CTS 128,
Panchashil Enclave, Dhanukarwadi Kandivali (W) Mumbai ·
Shops No. 101/02/03/04/05, in Ranka House, Bail
Bazar, Kale Marg, Kurla (W), Mumbai – 400 070 for which the records have been
maintained at Registered Office and at Works.
|
Fixed Assets
·
Land
·
·
Plant and Machinery
·
Electrical Installations
·
Scale
·
Furniture and Fixtures
·
Air Conditioner
·
Computer
·
Office Premises
·
Tools and Equipments
·
Vehicles
·
Factory Shed
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.44.52 |
|
|
1 |
Rs.71.90 |
|
Euro |
1 |
Rs.62.97 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.