MIRA
INFORM REPORT
|
Report Date : |
31.10.2011 |
IDENTIFICATION DETAILS
|
Name : |
TOSHVIN ANALYTICAL PRIVATE LIMITED |
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Registered Office
: |
103, S.J. House, Inside Sitaram Mills Compound, N. M. Joshi Marg,
Lower Parel, Mumbai-400011, Maharashtra |
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|
Country : |
India |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
31.12.2001 |
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Com. Reg. No.: |
11-134376 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.075 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U33125MH2001PTC134376 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT07636G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCT4482D |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importer of Analytical Instruments, GC, HPLC Columns |
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|
|
No. of Employees
: |
170 (In Office -65 and In Branch -105) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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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 records. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Vivek Parulekar |
|
Designation : |
Senior Manager Finance and Administration |
|
Contact No.: |
91-9323795209 |
|
Date : |
31.10.2011 |
LOCATIONS
|
Registered Office / Head Sales Office : |
103, S.J. House, Inside Sitaram Mills Compound, N. M. Joshi Marg,
Lower Parel, Mumbai-400011, Maharashtra, India |
|
Tel. No.: |
91-22-23015096 |
|
Mobile No.: |
91-9323795209 (Mr. Vivek Parulekar) |
|
Fax No.: |
91-22-23013592 |
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E-Mail : |
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|
Website : |
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|
Area : |
3750 Sq. ft. |
|
Location : |
Rented |
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|
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|
Branch Office : |
209, MPJ Chambers, 2nd Floor, Mumbai-Pune Road, Wakdewadi,
Pune-411003, Maharashtra, India |
|
Tel. No.: |
91-20-25810475 |
|
Fax No.: |
91-20-25817606 |
|
E-Mail : |
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Branch Offices : |
Also Located At ·
Ahmedabad ·
Baroda ·
Bangalore ·
Chandigarh ·
Chennai ·
Cochin ·
Goa ·
Hyderabad ·
Kolkata ·
New Delhi ·
Pune |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Nakul Toshniwal |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
Champagne House, 2nd Floor, 69, Worli Sea Face, Worli,
Mumbai-400030, Maharashtra, India |
|
Date of Birth/Age : |
10.01.1975 |
|
Date of Appointment : |
01.10.2004 |
|
DIN No.: |
00350112 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U65990MH1990PTC056668 |
Toshvin
Techtrade Private Limited |
Director |
20-08-04 |
20-08-04 |
- |
Active |
NO |
|
2 |
U51507MH1981PTC023745 |
Toshbro
Private Limited |
Director |
08-09-04 |
08-09-04 |
24-03-11 |
Active |
NO |
|
3 |
U33125MH2001PTC134376 |
Toshvin
Analytical Private Limited |
Managing
director |
01-10-04 |
01-10-04 |
- |
Active |
NO |
|
4 |
U72200MH2007PTC166687 |
Trikaal
Mediinfotech Private Limited |
Director |
30-09-10 |
17-02-10 |
- |
Active |
NO |
|
Name : |
Ms. Annuradha Toshniwal |
|
Designation : |
Director |
|
Address : |
Champagne House, 2nd Floor, 69, Worli Sea Face, Worli,
Mumbai-400030, Maharashtra, India |
|
Date of Birth/Age : |
04.07.1951 |
|
Date of Appointment : |
12.08.2004 |
|
DIN No.: |
00350208 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U65990MH1990PTC056668 |
Toshvin
Techtrade Private Limited |
Director |
28-05-90 |
28-05-90 |
Active |
NO |
|
2 |
U33125MH2001PTC134376 |
Toshvin
Analytical Private Limited |
Director |
12-08-04 |
12-08-04 |
Active |
NO |
|
Name : |
Mr. Manoj Mahabaleshwar Kantak |
|
Designation : |
Whole Time Director |
|
Address : |
A 12, Naneet Co-Operative Housing Society, 352, Dinanath Terrace,
Shimpoli, Borivali (West), Mumbai-400092, Maharashtra, India |
|
Date of Birth/Age : |
10.02.1966 |
|
Date of Appointment : |
03.09.2010 |
|
DIN No.: |
03303064 |
|
|
|
|
Name : |
Mr. Manish Pandit |
|
Designation : |
Director |
|
Address : |
H 604, Ekta Bhoomi Gardens, Rajendra Nagar, Borivali (East),
Mumbai-400066, Maharashtra, India |
|
Date of Birth/Age : |
03.05.1956 |
|
Date of Appointment : |
13.01.2011 |
|
DIN No.: |
00282323 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U51900MH1945PTC004497 |
Saluint
Intermediates And Chemicals Private Limited |
Director |
01-01-03 |
01-01-03 |
Active |
NO |
|
2 |
U29290MH1992PTC067901 |
Toshbro
Trading Private Limited |
Director |
29-09-07 |
24-01-07 |
Active |
NO |
|
3 |
U65990MH1990PTC056668 |
Toshvin
Techtrade Private Limited |
Director |
29-09-11 |
13-01-11 |
Active |
NO |
|
4 |
U33125MH2001PTC134376 |
Toshvin
Analytical Private Limited |
Director |
29-09-11 |
13-01-11 |
Active |
NO |
|
5 |
U93090MH2010PTC211220 |
EYERIS
Medical Center Private Limited |
Director |
23-09-11 |
20-06-11 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Vivek Parulekar |
|
Designation : |
Senior Manager Finance and Administration |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Nakul Toshniwal |
2250 |
|
Annuradha Toshniwal |
7000 |
|
Rachna Trust, India |
1500 |
|
Total |
10750 |
AS ON 29.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer of Analytical Instruments, GC, HPLC Columns |
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Products : |
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Agencies Held : |
·
Shimadzu Pte. Limited (Asia Pacific) ·
Restek Corporation, USA |
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Imports : |
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Products : |
·
Analytical Instruments ·
Spares Parts |
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Countries : |
·
Japan ·
Singapore ·
USA |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
End Users Pharmaceutical ·
Cipla ·
Lupin ·
Micro Labs Group ·
Dr. Reddy's Laboratories UNIVERSITIES AND
ACADEMIC INSTITUTES ·
Anna University ·
Birla Institute of Technology & Science ·
Delhi University RESEARCH INSTITUTES AND
LABORATORIES ·
Central Food Technology Research Institute ( CFTRI) ·
GE Technical Centre ·
Indian Institute of Technology (IITs) CHEMICAL ·
BASF ·
Bilag Industries ·
Colourtex |
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No. of Employees
: |
170 (In Office -65 and In Branch -105) (Approximately) |
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
G. M. Kapadia and Company Chartered Accountants |
|
Address : |
Tamarind House, 36B, Tamarind Lane, Fort, Mumbai-400001, Maharashtra,
India |
|
Tel No.: |
91-22-66775555 |
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Fax No.: |
91-22-66775500 |
|
PAN No.: |
AAAFG4413G |
|
|
|
|
Enterprises under control or significant influence of individuals
stated above : |
·
Toshvin Techtrade Private Limited ·
Rachna Trust ·
Shri Vinay Toshniwal Memorial Trust |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10750 |
Equity Shares |
Rs.100/-
each |
Rs. 1.075
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.075 |
1.075 |
1.075 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
298.239 |
256.512 |
170.599 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
299.314 |
257.587 |
171.674 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.651 |
11.213 |
16.819 |
|
|
2] Unsecured Loans |
12.691 |
11.432 |
22.952 |
|
|
TOTAL BORROWING |
18.342 |
22.645 |
39.771 |
|
|
DEFERRED TAX LIABILITIES |
5.143 |
6.484 |
8.685 |
|
|
|
|
|
|
|
|
TOTAL |
322.799 |
286.716 |
220.130 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
44.519 |
44.762 |
46.026 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
199.071 |
208.135 |
138.491 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
22.924
|
15.639 |
10.689 |
|
|
Sundry Debtors |
46.226
|
42.486 |
39.371 |
|
|
Cash & Bank Balances |
53.291
|
22.197 |
17.271 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
46.433
|
35.109 |
30.416 |
|
Total
Current Assets |
168.874
|
115.431 |
97.747 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
46.519
|
40.821 |
30.701 |
|
|
Other Current Liabilities |
43.146
|
40.791 |
31.433 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
89.665
|
81.612 |
62.134 |
|
|
Net Current Assets |
79.209
|
33.819 |
35.613 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
322.799 |
286.716 |
220.130 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales of Production |
188.093 |
158.166 |
121.012 |
|
|
|
Other Income |
246.385 |
229.260 |
192.154 |
|
|
|
Income from Power Division |
2.748 |
3.190 |
4.117 |
|
|
|
TOTAL (A) |
437.226 |
390.616 |
317.283 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
144.580 |
117.234 |
91.806 |
|
|
|
Payments and Benefits to Employees |
74.219 |
63.789 |
53.201 |
|
|
|
Administrative, Selling and Other Expenses |
85.348 |
72.891 |
74.671 |
|
|
|
Expenditure of power Division |
1.964 |
2.652 |
2.443 |
|
|
|
TOTAL (B) |
306.111 |
256.566 |
222.121 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
131.115 |
134.050 |
95.162 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.304 |
1.423 |
2.762 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
129.811 |
132.627 |
92.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.471 |
8.160 |
8.802 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
121.340 |
124.467 |
83.598 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
37.841 |
38.554 |
30.623 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
83.499 |
85.913 |
52.975 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD
ITEMS |
0.406 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
166.699 |
95.786 |
57.811 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
15.000 |
15.000 |
15.000 |
|
|
|
Interim Dividend |
35.475 |
0.000 |
0.000 |
|
|
|
Corporate Tax on Dividend |
5.892 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
193.425 |
166.699 |
95.786 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Commission Earnings |
185.101 |
169.528 |
150.875 |
|
|
TOTAL EARNINGS |
185.101 |
169.528 |
150.875 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Equipments |
110.658 |
90.260 |
62.540 |
|
|
TOTAL IMPORTS |
110.658 |
90.260 |
62.540 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7729.63 |
7991.93 |
4927.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
19.10
|
21.99 |
16.70 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
64.51
|
78.69 |
69.08 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
56.86
|
77.70 |
58.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41
|
0.48 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.38
|
0.43 |
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.88
|
1.41 |
1.57 |
LOCAL AGENCY FURTHER INFORMATION
Note: Registered office of
the company has been shifted from 198, Jashedji Tata Road, Mumbai-400020,
Maharashtra, India to the present address w.e.f. 01.07.2006
PERFORMANCE
The sales and
other income of the Company for the period were Rs.188.100 millions and
Rs.246.400 millions respectively. As regards the Power Division of the Company
at Gujarat, income from it was Rs.2.700 millions during the year. There was an
increase of approx 18.92% on the Sales of Products and 8.77% on the Commission
received and Repairs, Service and Installation charges received over the
earlier year. The net profit after providing Rs.8.500 millions for depreciation
and Rs.38.000 millions for taxation (including Deferred Tax) stood at Rs.82.300
millions.
The Company
continues to face global recessionary trends and increase in the currency value
of Japanese Yen as well as the US Dollar, thereby affecting cost of imports.
The Directors are optimistic and looking forward to an economic recovery and
are hopeful that the Company would be able to fare better during the later part
of the current year.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2011
(Rs. In Millions) |
|
Guarantees given by company’s Bankers |
9.209 |
FORM 8
|
Corporate
identity number of the company |
U33125MH2001PTC134376 |
|
Name of the
company |
TOSHVIN
ANALYTICAL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
103, SJ House, Inside Sitaram Mills Compound, N. M. Joshi Marg, Lower Parel, Mumbai-400011, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel
(West), Mumbai-400013, Maharashtra, India CIN No.: L65920MH1994PLC080618 Email ID: rbbform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Supplementary
Letter of Hypothecation. |
|
Date of
instrument Creating the charge |
08.01.2011 |
|
Amount secured by
the charge |
Rs. 48.300
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of repayment Working Capital
facility shall be payable On Demand. Term Loan
facility shall be repayable in suitable installments. Margin As may be stipulated
by the Bank from time to time. Extent and operation of the charge Hypothecation by
way of First Charge on Company's Stocks and Book Debts, Plant and Machinery
and Vehicles, etc., to secure as a
continuing security as mentioned in Column No.15 below for the repayment of
Rs.48.300 millions together with interest, costs, charges, expenses and other
moneys due and payable by the Company to the Bank. |
|
Short particulars
of the property charged (Including location of the property) |
Stock in Trade, consisting
of raw materials, goods in process of manufacturing finished goods, and other
merchandise whatsoever being movable properties All the debts,
that is, all the book debts, out standings, monies receivables, claims, bills, invoice documents, contracts,
guarantees, and rights The Movable Plant
and Machinery and Vehicles, which may now or at any time hereafter belong to
the Borrower or come to the Borrower's disposal |
|
Charge
identification number of the charge to be modified |
80030179 |
|
Date of
instrument modifying the charge |
12.12.2009 |
|
Particulars of
the present modification |
The Charge shall
now stand increased from Rs.44.300 millions to Rs.48.300 millions
(Comprising: Overall Facility under the MFA / Addendum of Rs.2.000 millions,
Term Loan of Rs.26.300 millions and BG of Rs.20.000 millions) against the
security of Stocks and Book Debts, Plant and Machinery and Vehicles of the
Company. |
TRADE REFERENCE:
·
Serum Institute of India
Address: 212/2, Hadapsar, Pune-411028,
Maharashtra, India
Tel No.: 91-20-26602167
Contact Person: Mr. Nikhil Suryavanshi
·
Emcure Pharmaceuticals
Private Limited
Address: 184, MIDC Bhosari,
Pune-411026, Maharashtra, India
Tel No.: 91-20-30610000
Contact Person: Mr. Wahalkar
FIXED ASSETS
·
Flat
·
Computers
·
Plant and Machinery
·
Furniture and Fittings
·
Testing Equipment
·
Electrical Equipments
·
Office Equipments
·
Vehicles
·
Leasehold Land
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] 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. 48.82 |
|
|
1 |
Rs. 78.56 |
|
Euro |
1 |
Rs. 69.28 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--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.