1. Summary Information
|
|
|
Country |
|
|
Company Name |
SUPREME
NONWOVENS PRIVATE LIMITED |
Principal Name 1 |
Mr. Amit Mohan Kavrie |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Mohan Mahadev Kavrie |
|
|
|
Registration # |
11-025149 |
|
Street Address |
Plot No. 110, 10th
Floor, 16th Road, Chembur, Mumbai-400071, Maharashtra, India |
||
|
Established Date |
05.09.1981 |
SIC Code |
-- |
|
Telephone# |
91-22-25284519 /
25284520 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-25281992 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Non-Woven Fabrics |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 1,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors - 100.00 % |
Banking |
The Saraswat
Co-op Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
31 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
71,527,000 |
Current Liabilities |
19,669,000 |
|
Inventories |
0 |
Long-term Liabilities |
10,134,000
|
|
Fixed Assets |
42,687,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
29,803,000 |
|
Invest& other Assets |
138,411,000 |
Retained Earnings |
221,322,000 |
|
|
|
Net Worth |
222,822,000 |
|
Total Assets |
252,625,000 |
Total Liab. & Equity |
252,625,000 |
|
Total Assets (Previous Year) |
227,156,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
40,433,000 |
Net Profit |
21,178,000 |
|
Sales(Previous yr) |
45,089,000 |
Net Profit(Prev.yr) |
20,705,000 |
|
Report Date : |
03.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME NONWOVENS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 110, 10th Floor, 16th Road, Chembur,
Mumbai-400071, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.09.1981 |
|
|
|
|
Com. Reg. No.: |
11-025149 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.500 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1981PTC025149 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS38033C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACS5921R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Non-Woven Fabrics. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 891000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Plot No. 110, 10th Floor, 16th Road, Chembur,
Mumbai-400071, Maharashtra, India |
|
Tel. No.: |
91-22-25284519 / 25284520 |
|
Fax No.: |
91-22-25281992 |
|
E-mail: |
|
|
Website : |
|
|
|
|
|
Factory : |
|
|
|
|
|
Corporate Office: |
6-3-1149/3, Top Floor, |
|
Tel. No.: |
91-40-23418071 |
|
Fax No.: |
91-40-23418071 |
DIRECTORS
As on 27.09.2012
|
Name : |
Mr. Amit Mohan Kavrie |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
E/25, Matru Krupa, Everest Colony, Chembur, Mumbai - 400071, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.08.1977 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.12.2003 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00153017 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mohan Mahadev Kavrie |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Whole – time Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
E/25, Matru Krupa, Everest Colony, Chembur, Mumbai – 400071, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.01.1948 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Qualification : |
B. Tech., M.S. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Experience : |
40 Years |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.1986 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00243269 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kavrie Mahadev Mohan |
|
6500 |
|
Kavrie Mohan Jaya |
|
1000 |
|
Naik Mahadev Leela |
|
1000 |
|
Naik Santanna Mahadev |
|
1500 |
|
Kavrie Mohan Amit |
|
2500 |
|
Kavrie Mohan Smita |
|
2500 |
|
Total |
|
15000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Non-Woven Fabrics. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
The Saraswat Co-op Bank Limited ( Lead Bankers) CST Branch, CST, Mumbai - 400001, Maharashtra, India ·
Shamrao Vithal Co-op Bank Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sohan S. Jain and Company Chartered Accountant |
|
Address : |
310, Varma Chambers, |
|
Tel No: |
91-22-22060788/22019270 |
|
Fax No: |
91-22-22091374 |
|
E-Mail: |
|
|
PAN No.: |
AACPJ4548Q |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000 |
Equity Shares |
Rs.100/- each |
Rs. 1.500 Millions |
|
|
|
|
|
As on 27.09.2012
Authorised Capital : Rs. 20.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 1.500 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
1.500 |
1.500 |
1.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
221.322 |
200.144 |
179.439 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
222.822 |
201.644 |
180.939 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
4.744 |
8.702 |
12.652 |
|
|
2] Unsecured Loans |
5.390 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
10.134 |
8.702 |
12.652 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
232.956 |
210.346 |
193.591 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
42.687 |
20.607 |
20.649 |
|
|
Capital work-in-progress |
0.000 |
13.975 |
12.600 |
|
|
|
|
|
|
|
|
INVESTMENT |
138.411 |
138.411 |
138.411 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000
|
|
|
Sundry Debtors |
56.413
|
38.139 |
16.380
|
|
|
Cash & Bank Balances |
2.821
|
0.487 |
2.762
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
12.293
|
15.537 |
10.351
|
|
Total
Current Assets |
71.527
|
54.163 |
29.493 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000
|
|
|
Other Current Liabilities |
10.433
|
6.300 |
3.898
|
|
|
Provisions |
9.236
|
10.510 |
3.664
|
|
Total
Current Liabilities |
19.669
|
16.810 |
7.562 |
|
|
Net Current Assets |
51.858
|
37.353 |
21.931 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
232.956 |
210.346 |
193.591 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
40.433 |
45.089 |
26.574 |
|
|
|
Other Income |
7.910 |
2.046 |
0.616 |
|
|
|
TOTAL (A) |
48.343 |
47.135 |
27.190 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee’s
Cost
|
13.389 |
12.531 |
12.977 |
|
|
|
Other
Expenses
|
2.815 |
2.798 |
2.962 |
|
|
|
Extraordinary
Items
|
(0.459) |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
16.663 |
15.329 |
15.939 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
31.680 |
31.806 |
11.251 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.894 |
0.549 |
0.042 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
30.786 |
31.257 |
11.209 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.372 |
0.042 |
1.299 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
30.414 |
31.215 |
9.910 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.236 |
10.510 |
3.682 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
21.178 |
20.705 |
6.228 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
199.150 |
178.445 |
172.216 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
220.328 |
199.150 |
178.445 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1411.87 |
1380.33 |
415 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
43.81
|
43.93 |
22.91
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
75.22
|
69.23 |
37.29
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.63
|
41.75 |
19.76
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
0.14
|
0.15 |
0.05
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Net worth) |
|
0.13
|
0.13 |
0.11
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.64
|
3.22 |
3.90
|
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of
Establishment |
Yes |
|
2] |
Locality of
the firm |
Yes |
|
3] |
Constitutions
of the firm |
Yes |
|
4] |
Premises
details |
No |
|
5] |
Type of
Business |
Yes |
|
6] |
Line of
Business |
Yes |
|
7] |
Promoter's
background |
Yes |
|
8] |
No. of
employees |
No |
|
9] |
Name of person
contacted |
No |
|
10] |
Designation
of contact person |
No |
|
11] |
Turnover of
firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons for
variation <> 20% |
------ |
|
14] |
Estimation for
coming financial year |
No |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of
sister concerns |
No |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
------ |
|
22] |
Litigations
that the firm / promoter involved in |
------ |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct of
the banking account |
------ |
|
26] |
Buyer visit
details |
------ |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
NOTE
The registered office of the company has been shifted from Centre Point,
7th Floor, 18th Road, Chembure, Mumbai-400071,
Maharashtra, India to the present address w.e.f. 29.11.2010
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51900MH1981PTC025149 |
|
Name of the company |
SUPREME NONWOVENS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Plot no. 110, 10th Floor, 16th Road, Chembur,
Mumbai-400071, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
The Shamrao Vithal Co-operative Bank Limited (Lead Bank) 913, Natasha Plaza, D.K.Sandhu Marg, Chembur, Mumbai-400071,
Maharashtra, India Email: legaldept@svcbank.com
|
|
Nature of instrument creating charge |
Recording Letter Evidencing Deposit of Title Deeds |
|
Date of instrument Creating the charge |
25.08.2012 |
|
Amount secured by the charge |
Rs. 224.724 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest As may be decided by bank from time to time Terms of Repayment As may be decided by bank from time to time Margin As may be decided by bank from time to time Extent and Operation of the charge To secure due repayment of credit facilities aggregating Rs.224.724
Millions sanctioned to STPL and SNIPL (HDFC Bank: Rs.77.000 Millions and
602.24 Millions and YES BANK Rs. 85.000 Millions and Rs.2.500 Millions),
together with interest, cost, charges, expenses thereof. Others Total Facilities granted to STPL and SNIPL: HDFC Bank Term Loans : Rs.77.000 Millions and Rs.60.224 Millions YES Bank Term Loans of Rs.85.000 Millions and Rs. 2.500 Millions ------------------------------------------------ Total (both Banks):Rs.224.724 Millions |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Linkage mortgage of 28% undivided share Land bearing Plot No.110,
Suburban Scheme No. 3 "Singhavi Apartment" at 16th Road, chembur,
Mumbai 400071 area admeas. 1247 sq. yards equivalent to1042.61sq.mtr Vill Chembur, Tal Kurla, CTS No.980 Mumbai along with 28% undivided
share in the said incomplete structure admeas. 104.25 sq.mtrs. 7th and 8th
floors adm.247.56.sq.mtrs. |
FIXED ASSETS:
·
Land
·
Residential Premises
·
Office Premises
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 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.54.53 |
|
|
1 |
Rs.87.48 |
|
Euro |
1 |
Rs.70.89 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.