1. Summary Information
|
|
|
Country |
|
|
Company Name |
AMBICA STEELS
LIMITED |
Principal Name 1 |
Mr. Mahender Pal Gupta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Chander Prakash Tri Bhawan Gupta |
|
|
|
Registration # |
55-005345 |
|
Street Address |
C-54/1, Mezzanie Floor, Wazirpur Industrial Area, |
||
|
Established Date |
16.07.1970 |
SIC Code |
-- |
|
Telephone# |
91-11-47034400
(30 lines) |
Business Style 1 |
Manufacturer |
|
Fax # |
91-11-47034450 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
S.S. Ingots |
|
|
# of employees |
-- |
Product Name 2 |
S.S. Flat |
|
Paid up capital |
Rs. 116,358,000/- |
Product Name 3 |
S.S. Rolled/Bright Bar |
|
Shareholders |
Bodies corporate - 15.46% Directors or
relatives of Directors - 84.54% |
Banking |
Oriental Bank of
Commerce |
|
Public Limited Corp. |
No |
Business Period |
40 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(50) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
823,729,000 |
Current Liabilities |
783,831,000 |
|
Inventories |
780,125,000 |
Long-term Liabilities |
816,333,000 |
|
Fixed Assets |
697,701,000 |
Other Liabilities |
59,068,000 |
|
Deferred Assets |
0 |
Total Liabilities |
1,659,232,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
525,965,000 |
|
|
|
Net Worth |
642,323,000 |
|
Total Assets |
2,301,555,000 |
Total Liab. & Equity |
2,301,555,000 |
|
Total Assets (Previous Year) |
2,273,562,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
3,310,148,000 |
Net Profit |
57,340,000 |
|
Sales(Previous yr) |
4,539,386,000 |
Net Profit(Prev.yr) |
11,142,000 |
MIRA
INFORM REPORT
|
Report Date : |
17.03.2011 |
IDENTIFICATION DETAILS
|
Name : |
AMBICA STEELS LIMITED |
|
|
|
|
Registered
Office : |
C-54/1, Mezzanie Floor,
Wazirpur Industrial Area, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
16.07.1970 |
|
|
|
|
Com. Reg. No.: |
55-005345 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109DL1970PLC005345 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA13737D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA9942Q |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of steel products, Iron, steel, steel metal
products, tools, electrical and mechanical machines, sugar, cotton, oil seeds
machinery and fittings. |
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 2500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are as fair. Business is active. Payments are reported to be usually
correct and as per commitment. The company can be considered normal for business dealing 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 / Corporate Office : |
C-54/1, Mezzanie Floor, Wazirpur Industrial Area, |
|
Tel. No.: |
91-11-47034400 (30 lines) |
|
Fax No.: |
91-11-47034450 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
51/2, Site IV, UPSIDC
Industrial Area, Sahibabad 201010, District |
|
Tel. No.: |
91-120-2897621 to 25 |
|
Fax No.: |
91-120-2897620 |
|
|
|
|
Melting, Refining and Casting Division : |
Plot no.51/2, Site – 4, UPSIDC Industrial Area, Sahibabad – 201010,
District Ghaziabad, |
|
Tel. No.: |
91-120-4189300 (30 lines) |
|
Fax No.: |
91-120-4189399 |
|
|
|
|
Hot Rolling and Bright Bars Division : |
Plot No. 32, Site -2, |
|
Tel. No.: |
91-120-4189200 (30 lines) |
|
Fax No.: |
91-120-4189222 |
|
|
|
|
International Office : |
Located at: |
DIRECTORS
AS ON 20.08.2010
|
Name : |
Mr. Mahender Pal Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
B-29, Phase – I, Ashok Vihar, |
|
Date of Birth/Age : |
06.04.1938 |
|
Date of Appointment : |
19.10.1999 |
|
DIN No. : |
00009803 |
|
|
|
|
Name : |
Mr. Chander Prakash Tri Bhawan Gupta |
|
Designation : |
Managing Director |
|
Address : |
H. No. 9, |
|
Date of Birth/Age : |
12.10.1960 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No. : |
01715253 |
|
|
|
|
Name : |
Mr. Ajay Kumar |
|
Designation : |
Whole Time Director |
|
Address : |
C-72 IInd Floor, East of Kailash, |
|
Date of Birth/Age : |
01.02.1965 |
|
Date of Appointment : |
15.05.2000 |
|
DIN No. : |
00009973 |
|
|
|
|
Name : |
Mr. Mahesh Gupta |
|
Designation : |
Director |
|
Address : |
Flat No. 603 D – II, Omaxe Royal, Residency, Sec. – 44, Noida –
201303, |
|
Date of Birth/Age : |
30.03.1970 |
|
Date of Appointment : |
02.05.1995 |
|
DIN No. : |
00009849 |
|
|
|
|
Name : |
Mr. Stya Prakash Tyagi |
|
Designation : |
Whole Time Director |
|
Address : |
F-103, Alakhnanda Apartment, Rampuri, Gaziabad, (Utter Pradesh), |
|
Date of Birth/Age : |
01.01.1960 |
|
Date of Appointment : |
10.07.2003 |
|
DIN No. : |
01736605 |
KEY EXECUTIVES
|
Name : |
Mr. Aarti Sachdeva |
|
Designation : |
Company Secretary |
|
Address : |
Plot No-4, 8 Marla Ramnagar, Sonipat, |
|
Date of Appointment : |
16.07.2010 |
|
Pan No. : |
AMYPA9630Q |
|
|
|
|
Name : |
Mr. Sudhir Kuamr Garg |
|
Designation : |
Company Secretary |
|
Address : |
O-50, Ganesh Marg, Krishna Vihar, |
|
Date of Birth/Age : |
03.04.1979 |
|
Date of Appointment : |
13.10.2008 |
|
Date of Cessation : |
28.01.2009 |
|
Pan No. : |
AGJPG8071C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.08.2010
|
Names of Shareholders |
No. of Shares |
|
Mahender Pal (HUF) |
35450 |
|
Mahender Pal Gupta |
96820 |
|
Seema Gupta |
86900 |
|
Chander Prakash Gupta |
333890 |
|
Chander Prakash (HUF) |
34200 |
|
Anand Swarup Gupta |
119840 |
|
Mahesh Gupta |
51000 |
|
Ajay Kumar Singhal |
20000 |
|
Uphar Steels Limited |
102100 |
|
Futreplan Industrial Private Limited |
77850 |
|
Ashish Bansal |
1200 |
|
Swati Gupta |
46290 |
|
Ramesh Kumar |
4000 |
|
Suman Singhal |
5000 |
|
Anand Gupta HUF |
57000 |
|
Ajay Kumar and Sons HUF |
5000 |
|
Usha Gupta |
4760 |
|
Sunita Singhal |
8000 |
|
Richa Gupta |
13000 |
|
Narender Mohan Gupta |
17500 |
|
Anuj Singhal |
8300 |
|
Prerna Gupta |
9000 |
|
Abhinav Gupta |
10000 |
|
Ankush Singhal |
5360 |
|
Bishan Swaroop Gupta – HUF |
1020 |
|
M R Gupta and Sons HUF |
100 |
|
Mahesh Gupta HUF |
10000 |
|
Total |
1163580 |
AS ON 20.08.2010
|
Category |
Percentage |
|
Bodies corporate |
15.46 |
|
Directors or relatives of Directors |
84.54 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of steel products, Iron, steel, steel metal products, tools, electrical and mechanical machines, sugar, cotton, oil seeds machinery and fittings. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
PRODUCTION STATUS (As On 31.03.2010)
|
Particulars |
Installed Capacity (Figures In M.T) |
Actual Production (Figures In M.T) |
||||
|
Unit 1 |
Unit 2 |
Unit 3 |
Unit 1 |
Unit 2 |
Unit 3 |
|
|
Steel, Ingots, Billets, Bar, Flats, Angles |
5000 |
60000 |
60000 |
-- |
30.460 |
54048.73 |
|
|
|
|
|
|
|
|
GENERAL INFORMATION
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajindera K. Goel and Company Chartered Accountant |
|
Address : |
J 288, Ground Floor, Saket, |
|
Tel. No.: |
91-11-26531642/29555354 |
|
Telefax No.: |
91-11-29555036 |
|
Pan No.: |
AAEFR3835Q |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1200000 |
Equity Shares |
Rs.100/- each |
Rs.120.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1163580 |
Equity Shares |
Rs.100/- each |
Rs.116.358 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 |
116.358 |
116.358 |
116.358 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
525.965 |
468.625 |
457.483 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
642.323 |
584.983 |
573.841 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
783.683 |
832.650 |
931.224 |
|
|
2] Unsecured Loans |
32.650 |
72.300 |
44.200 |
|
|
TOTAL BORROWING |
816.333 |
904.950 |
975.424 |
|
|
DEFERRED TAX LIABILITIES |
59.068 |
52.537 |
42.445 |
|
|
|
|
|
|
|
|
TOTAL |
1517.724 |
1542.470 |
1591.710 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
697.701 |
769.944 |
645.384 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
780.125
|
678.859
|
1130.808 |
|
|
Sundry Debtors |
515.803
|
476.117
|
461.639 |
|
|
Cash & Bank Balances |
80.525
|
68.352
|
98.361 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
227.401
|
280.290
|
315.948 |
|
Total
Current Assets |
1603.854
|
1503.618
|
2006.756 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
691.294
|
592.417
|
810.887 |
|
|
Other Current Liabilities |
71.124
|
131.1397
|
205.198 |
|
|
Provisions |
21.413
|
7.536
|
44.345 |
|
Total
Current Liabilities |
783.831
|
731.092
|
1060.430 |
|
|
Net Current Assets |
820.023
|
772.526
|
946.326 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1517.724 |
1542.470 |
1591.710 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3310.148 |
4539.386 |
4437.891 |
|
|
|
Other Income |
55.176 |
42.568 |
32.680 |
|
|
|
TOTAL (A) |
3365.324 |
4581.954 |
4470.571 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
2352.975 |
3355.784 |
3553.050 |
|
|
|
Manufacturing Expenses |
551.373 |
586.403 |
546.418 |
|
|
|
Selling and Distribution Expenses |
79.530 |
125.410 |
106.630 |
|
|
|
Administrative Expenses |
47.500 |
52.742 |
41.828 |
|
|
|
Increase/(Decrease) in Finished Goods |
94.848 |
226.335 |
(91.658) |
|
|
|
TOTAL (B) |
3126.226 |
4346.674 |
4156.268 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
239.098 |
235.280 |
314.303 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
109.509 |
150.578 |
125.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
129.589 |
84.702 |
188.842 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
50.234 |
60.012 |
43.867 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
79.355 |
24.690 |
144.975 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
22.015 |
13.548 |
52.050 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
57.340 |
11.142 |
92.925 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.338 |
3.196 |
10.271 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
60.000 |
10.000 |
100.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1.678 |
4.338 |
3.196 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
382.980 |
1266.599 |
1147.349 |
|
|
TOTAL EARNINGS |
382.980 |
1266.599 |
1147.349 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
747.211 |
1211.443 |
1630.409 |
|
|
TOTAL IMPORTS |
747.211 |
1211.443 |
1630.409 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
49.28 |
9.57 |
79.86 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
|
0.24
|
2.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
0.54
|
3.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.09
|
5.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.04
|
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
2.80
|
3.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.05
|
1.89 |
LOCAL AGENCY FURTHER INFORMATION
The company is in
trader terms with :
v Vivek Merchandise Limited
v Upphar Alloys Private Limited
Performance:
During the, the
total turnover was lower to the previous year turnover because of globally
reduction in metal/stainless steel prices during the year. However, the company
has substantially improved its profitability and reduced the overheads. The
company expects better results in near future.
Operations:
With the
improvement in domestic and international stainless steel markets from the
effects of global economic slowdown, the company expects better results in
coming years.
Form 8:
|
Corporate
identity number of the company |
U27109DL1970PLC005345 |
|
Name of the
company |
AMBICA STEELS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
C-54/1 Mezzanie
Floorwazirpur Indl Area, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
Property Book Debts Movable Property |
|
Particular of
charge holder |
Oriental Bank Of
Commerce Limited |
|
Nature of
description of the instrument creating or modifying the charge |
Working Capital
Consortium Agreement |
|
Date of
instrument Creating the charge |
29.09.2010 |
|
Amount secured by
the charge |
Rs.1500.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest:
interest rate as may be communicated by Bank from time to time. Terms of Repayment:
On Demand Margin: As per
terms of Agreement. Extent and
Operation of the charge: The assets of the Company are charged to secure the
working capital limits of Rs.1500.000 millions. |
|
Short particulars
of the property charged |
factory land and
building having land area of 22625 sq. yd. situated at 51/2, site -iv,
industrial area, Shahibabad, Distt. factory land and
building having land area of 3024.3 sq. yd. situated at 51/1/11 to 21, site
-iv, industrial area, Shahibabad, Distt. factory land and
building having land area of 17500 sq. yd. situated at A-30, site -iv,
industrial area, Shahibabad, Distt. factory land and
building having land area of 28695 sq. yd. situated at 32, loni road,
industrial area, Mohan Nagar Distt. godown situated
at plot no. 854G Kalamboli Waehousing Complex, Mumbai, including machinery
and all other mov. Assets stocks of raw
material, stock in progress semi fin. and fin. goods, stores and spares and
such other mov. incl. book-debts, bills whether documentary or clean,
outstanding monies, both present and future |
|
Date of last
modification prior to the present modification |
25.09.2009 |
|
Particulars of
the present modification |
The overall working
capital limits reduced from Rs.2000.000 millions to Rs.1500.000 millions i.e
(1)Rs.500.000 millions as CC hypothecation of stocks and book debts which
includes Rs.40 millions as working capital demand loan and Rs.314.400
millions as Packing credit and (2) Rs.1000.000 millions. as Letter of Credit. |
Fixed Assets
- Land and Ware House
- Plant and Machinery
- Pollution Control Equipments
- Building
- Electric Installation
- Rolls
- Office Equipment
- Truck
- Furniture and Fixture
- Tools
- Scooter
- Car
- Computer
- Cycle
- Office complex (DLF)
WEBSITE DETAILS
PROFILE
Subject is one of the most modern stainless steel mill in the world, employing a range of sophisticated steel making technologies. It produces around 80000 tons per year in most austenitic, ferritic, martensitic and duplex grades of Stainless steel, in a broad range of high quality finished and semi-finished products which find wide ranging applications in various Industrial Sectors.
Subject is located at the outskirts of
Subject’s product range includes Continuous
Cast Billets and Blooms, Forging Ingots Bright Round Bars,
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.45.18 |
|
|
1 |
Rs.72.59 |
|
Euro |
1 |
Rs.63.13 |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
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.