1. Summary Information
|
|
|
Country |
|
|
Company Name |
AQUAMALL WATER SOLUTIONS LIMITED |
Principal Name 1 |
|
|
Status |
Good |
Principal Name 2 |
|
|
|
|
Registration # |
01-2851 |
|
Street Address |
Flat No. 20,
First Floor, Soni Business Complex, Prasanthi Nagar, Kukatpally, |
||
|
Established Date |
27.11.1980 |
SIC Code |
-- |
|
Telephone# |
91-40-23073108 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-40-23070071 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Water Purifiers |
|
|
# of employees |
-- |
Product Name 2 |
Water
Filter-Cartridges |
|
Paid up capital |
Rs.
20,000,800/- |
Product Name 3 |
Water Coolers |
|
Shareholders |
Bodies corporate 100% |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
30 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
A
(66) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Holding
Company |
|
Eureka Forbes
Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
576,705,000 |
Current Liabilities |
341,878,000 |
|
Inventories |
410,385,000 |
Long-term Liabilities |
80,036,000 |
|
Fixed Assets |
366,563,000 |
Other Liabilities |
17,566,000 |
|
Deferred Assets |
12,725,000 |
Total Liabilities |
439,480,000 |
|
Invest& other Assets |
24,079,000 |
Retained Earnings |
930,977,000 |
|
|
|
Net Worth |
950,977,000 |
|
Total Assets |
1,390,457,000 |
Total Liab. & Equity |
1,390,457,000 |
|
Total Assets (Previous Year) |
1,213,293,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
2,821,439,000 |
Net Profit |
256,508,000 |
|
Sales(Previous yr) |
2,478,592,000 |
Net Profit(Prev.yr) |
189,886,000 |
MIRA
INFORM REPORT
|
Report Date : |
07.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
AQUAMALL WATER SOLUTIONS LIMITED |
|
|
|
|
Formerly Known As : |
A. P. INDUSTRIAL COMPONENTS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Flat No. 20, First Floor, Soni Business Complex, Prasanthi Nagar, Kukatpally,
Hyderabad-500072, Andhra Pradesh, India |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
27.11.1980 |
|
|
|
|
Com. Reg. No.: |
01-2851 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29219AP1980PLC002851 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
HYDA00142C |
|
|
|
|
Legal Form : |
A closely held Public Limited Liability Company. |
|
|
|
|
Line of Business : |
Manufacture of Water
Purifiers (Depolluting) Water Filter-Cartridges, Water Coolers, Flexible Food
grade Tubes / Pipes, Natural Mineral Water Super Filters, Power Control
Sockets, Softeners and Scale Removers, etc. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (66) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 3800000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary
of Eureka Forbes Limited, a well known manufacturer of water purifier systems
and vacuum cleaner It is well
established and a reputed company having fine track. Financial position of
the company appears to be sound. Trade relations are reported 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. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Flat No. 20,
First Floor, Soni Business Complex, Prasanthi Nagar, Kukatpally, |
|
Tel No.: |
91-40-23073108 |
|
Fax No.: |
91-40-23070071 |
|
E mail: |
|
|
Website : |
|
|
|
|
|
Head Office : |
Konkan Co-operative
Housing Society Limited, Konkan Nagar Hall, Ground Floor, Plot No. 123, Lt.
P. K. Marg, Mahim (West), Mumbai – 400 016, Maharashtra, India |
|
Area : |
8500 sq.ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Bhitmal, District
Nainital, |
|
|
|
|
Factory 2 : |
7-2-185/ 1,
Fatehbagh, Sanathnagar, |
|
Tel. No.: |
91-40-23700359/
23701091/ 23701115 |
|
Fax No.: |
91-40-23700358 |
|
|
|
|
Factory 3 / Corporate Office : |
Lal Tappar
Industrial Area, |
|
Tel. No.: |
91-135-2499161/2499164 |
|
Fax No.: |
91-135-2499159 |
|
|
|
|
Sales Office : |
|
|
Tel. No.: |
91-22-24938179 |
DIRECTORS
As on 14.07.2010
|
Name : |
|
|
Designation : |
Chairman |
|
Address : |
2, Sital Sagar, Sital
Baug, 64, Walkeshwar, Mumbai – 400 006, |
|
Date of Birth/Age : |
06.04.1947 |
|
Date of Appointment : |
18.03.1996 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
554, 9A, |
|
Date of Birth/Age : |
14.12.1941 |
|
Date of Appointment : |
06.11.1996 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
701, |
|
Date of Birth/Age : |
02.07.1956 |
|
Date of Appointment : |
24.04.1998 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
18, |
|
Date of Birth/Age : |
28.05.1948 |
|
Date of Appointment : |
28.09.2001 |
|
|
|
|
Name : |
Mr. Vijaykumar
Raman Pattabi |
|
Designation : |
Director |
|
Address : |
Villa No. 5, Pride
Orchid 41/32, |
|
Date of Birth/Age : |
26.05.1955 |
|
Date of Appointment : |
10.03.2008 |
|
|
|
|
Name : |
Mr. Nawshir Dara
Khurody |
|
Designation : |
Director |
|
Address : |
12A, |
|
Date of Birth/Age : |
26.10.1936 |
|
Date of Appointment : |
26.09.2008 |
|
|
|
|
Name : |
Mr. Raman
Venkatesh |
|
Designation : |
Director |
|
Address : |
E-12, Kewal
Vihar, |
|
Date of Birth/Age : |
12.11.1971 |
|
Date of Appointment : |
19.02.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 14.07.2010
|
Names of Shareholders |
|
No. of Shares |
|
Eureka Forbes
Limited, |
|
2000074 |
|
Eureka Forbes
Limited, |
|
1 |
|
Eureka Forbes
Limited, |
|
1 |
|
Eureka Forbes
Limited, |
|
1 |
|
Eureka Forbes
Limited, |
|
1 |
|
Eureka Forbes
Limited, |
|
1 |
|
Eureka Forbes
Limited, |
|
1 |
|
|
|
|
|
Total |
|
2000080 |
As on 14.07.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Water
Purifiers (Depolluting) Water Filter-Cartridges, Water Coolers, Flexible Food
grade Tubes / Pipes, Natural Mineral Water Super Filters, Power Control
Sockets, Softeners and Scale Removers, etc. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Brand Names : |
‘Aquamall’ and
‘Puroguard’ |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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Bankers : |
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||||||||||||
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Facilities : |
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|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Batliboi and
Purohit Chartered
Accountants |
|
Address : |
|
|
Tel. No.: |
91-22-22077941/
42 |
|
Fax No.: |
91-22-22074260 |
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E-Mail : |
|
|
|
|
|
Holding Company: |
Eureka Forbes Limited (U27109WB1931PLC007010) |
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|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 14.07.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000080 |
Equity Shares |
Rs.10/- each |
Rs.20.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
20.000 |
20.001 |
20.001 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
930.977 |
721.268 |
566.482 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
950.977 |
741.269 |
586.483 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
80.036 |
102.283 |
210.228 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
80.036 |
102.283 |
210.228 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1031.013 |
843.552 |
796.711 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
366.563 |
411.291 |
423.494 |
|
|
Capital work-in-progress |
18.372 |
3.402 |
19.760 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.707 |
5.707 |
5.007 |
|
|
DEFERREX TAX ASSETS |
12.725 |
12.725 |
12.725 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
410.385
|
355.250
|
356.216
|
|
|
Sundry Debtors |
303.748
|
194.097
|
266.861
|
|
|
Cash & Bank Balances |
91.969
|
24.902
|
15.295
|
|
|
Other Current Assets |
101.371
|
44.581
|
0.000
|
|
|
Loans & Advances |
79.617
|
157.417
|
124.813
|
|
Total
Current Assets |
987.090
|
776.247
|
763.185
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
208.612
|
161.309 |
|
|
|
Other Current Liabilities |
133.266
|
103.632
|
358.275
|
|
|
Provisions |
17.566
|
104.800
|
74.175
|
|
Total
Current Liabilities |
359.444
|
369.741
|
432.450
|
|
|
Net Current Assets |
627.646
|
406.506
|
330.735
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
3.921 |
4.990 |
|
|
|
|
|
|
|
|
TOTAL |
1031.013 |
843.552 |
796.711 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2821.439 |
2478.592 |
2363.467 |
|
|
|
Other Income |
64.816 |
68.333 |
35.195 |
|
|
|
TOTAL (A) |
2886.255 |
2546.925 |
2398.662 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing, Trading and Others Expenses |
2494.002 |
2229.812 |
2148.559 |
|
|
|
TOTAL (B) |
2494.002 |
2229.812 |
2148.559 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
392.253 |
317.113 |
250.103 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.055 |
15.453 |
19.657 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
384.198 |
301.660 |
230.446 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
75.170 |
85.969 |
73.268 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
309.028 |
215.691 |
157.178 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
52.520 |
25.805 |
21.194 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
256.508 |
189.886 |
135.984 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
316.768 |
261.982 |
241.098 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
150.000 |
100.000 |
80.000 |
|
|
|
Interim Dividend |
40.002 |
30.001 |
30.001 |
|
|
|
Tax on Dividend |
6.798 |
5.099 |
5.099 |
|
|
BALANCE CARRIED
TO THE B/S |
376.476 |
316.768 |
261.982 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
54.707 |
13.568 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
368.245 |
283.799 |
|
|
|
Machinery |
NA |
0.000 |
0.391 |
|
|
TOTAL IMPORTS |
NA |
368.245 |
284.190 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
128.25 |
94.94 |
67.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
8.88
|
7.46 |
5.67
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.95
|
8.70 |
6.65
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.83
|
18.16 |
13.25
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.29 |
0.27
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.46
|
0.64 |
1.10
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.75
|
2.10 |
1.76
|
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
During the year, the Company growth was impressive. Its sales grew by
13% as compared to the previous year. Due to the increased sales and the value
engineering measures implemented by the Company, the profit before tax grew at
43.27 % from Rs. 215.700 millions to Rs 309.000 millions.
The Company continues to focus on upgrading technology and has
considerably improved the quality of the products being manufactured. The
Company is continuing to make efforts to tap the potential of the Export
Markets and is making effort to introduce new products in the global market in
line with the evolving customer needs.
To meet the increased demand for the Company's products and also to
consolidate its operations, the Company, during the veal, had enhanced the
installed capacity of Dehradun unit. The Company is also proposing to take up
production of a new category of products viz. air purifiers during the
forthcoming year.
The Company is also
proposing to take up production of a new category of products viz. air purifiers
during the forthcoming year.
SUBSIDIARY
COMPANIES:
Forbes Aquamall Limited, a wholly owned subsidiary of the Company has
reported encouraging results with a turnover of Rs.728.500 millions and a
profit before tax of Rs 48.800 millions. This has been possible with the
concerted efforts of the whole team in Forbes Aquamall.
To meet the anticipated increased demand for vacuum cleaners, the
Company had set up a unit at Baddi during the year. The unit had commenced
commercial operations in the month of March, 2010.
Aquadiagnostics Water Research and
Technology Centre Limited (AWSRTCL).' Another subsidiary of Aquamall
Water Solutions Limited which was set up to cater to the needs of complete
water analysis and evaluation of water purifiers in accordance with national
and international specifications has grown and has recorded a turnover of Rs
3.400 millions . Looking at the growing demand for the Company's services, the
Directors are confident that the Company would break even in the forthcoming
year.
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90123721 |
|
Corporate
identity number of the company |
U29219AP1980PLC002851 |
|
Name of the
company |
AQUAMALL WATER SOLUTIONS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat No. 20,
First Floor, Soni Business Complex, Prasanthi Nagar, Kukatpally, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Immovable
Property |
|
Particular of
charge holder |
State Bank of |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Agreement of loan
for overall limit dated 8th October,2007 Supplemental agreement
of hypothecation of goods and assets for increase in the overall limit dated
6th October, 2007. |
|
Date of
instrument Creating the charge |
06.10.2007 |
|
Amount secured by
the charge |
Rs.360.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash credit - at
1.5% below SBAR min 11.25% p. a with monthly rests Term Loan - at
SBAR i.e. presently11.25% p.a with a reset clause at the end of 2 years from
the date of documentation. Terms of
Repayment Term loan is to
be rapid in 8 quarterly installments of Rs 6.250 millions commencing from 2nd April 2008 ( Tenor : 31
months including 7 months' moratorium) Margin 1. Raw Materials
-25% 2.
Stocks-in-process-25% 3.Finished
goods-25% 4.Stores and Spares-25% 5. Book
Debts/receivables up to 30 days tenor-50% 6. For term loan:
66% on the project cost of Rs 150.000 millions. Extent and
Operation of the charge Term Loan : First charge on the entire fixed assets of
the Company ( present and future) Working Capital :
Extension of charge on the entire fixed assets of the Company ( present and
future) Others Hypothecation
charge over the Company's entire stocks of inventory and valuables in favour of SBI for other
working capital facilities. |
|
Short particulars
of the property charged |
First Charge On
The Entire Fixed Assets Of The Company Situated (A) L-3-L-4, Hiltron
Electronic Complex, Mallital Bhimtal,Nainital Distt. Uttrakhand (B) 143, C-4,
Bommnsandra Indl. Area, (C)First Mortgage
Charge Over Specific Fixed Assets Of Dehradun Plant With Minimum Asset Cover
Of 150%- Address: Khasra Nos.3946,3961 and
3962 Admeasuring 12,150 Sq. Mtrs. At Village Majri Grant Parwadoon,
Tehsil-Rishikesh, Distt. Dehradun. |
|
Date of latest
modification prior to the present modification |
10.08.2007 |
|
Particulars of
the present modification |
Modification of Charge
on The Assets Mentioned Above on Account of Enhancement of The Aggregate
Working Capital Facilities From Rs 180.000 Millions To Rs 260.000 Millions . Fresh Term Loan
of Rs 50.000 Millions Granted To The
Company, (The Aggregate Term Loan Sanctioned Rs.100.000 Millions ) |
FIXED ASSETS:
- Building (Leased)
- Electrical Installations
- Electrical Installations (Leased)
- Computers
- Plant and Machinery
- Patterns and Dies
- Furniture and Fixtures
- Furniture and Fixtures (Leased)
- Office Equipments
- Vehicles
- Laboratory Equipments
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.44.99 |
|
|
1 |
Rs.73.23 |
|
Euro |
1 |
Rs.62.80 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
66 |
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.