MIRA INFORM REPORT
|
Report Date : |
21.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
UT PUMPS AND SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Room No. 107, 1st Floor, Pratap Bhawan, 5, Bahadur Shah
Zafar Marg, New Delhi - 110002 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation
: |
28.05.1984 |
|
|
|
|
Com. Reg. No.: |
55-018081 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 36.300
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29193DL1984PTC018081 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
DELU02230E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU3648R |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufactures of
Single Screw, 2-Spindle Screw, 3-Spindle Screw Pumps, High Pressure Steam Jet
Cleaning Machines, High Pressure Water Jetting Pump and Industrial Vacuum
Cleaners etc. |
|
|
|
|
No. of Employees
: |
150 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 716000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The company has performed well in the current year. Trade relations are reported
to be fair. Business is active. Payments are reported to be usually correct
and as per commitments. The company can be considered for normal 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) |
|
|
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
|
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.
INFORMATION DECLINED BY
|
Name : |
Mr. Anil Gupta |
|
Designation : |
Deputy General Manager in Marketing |
|
Contact No.: |
91-129-2274861 |
|
Date : |
18.12.2012 |
LOCATIONS
|
Registered Office : |
Room No. 107, 1st Floor, Pratap Bhawan, 5, Bahadur Shah
Zafar Marg, New Delhi - 110002, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
|
|
Factory : |
14/7,
Mathura Road, Faridabad - 121003, Haryana, India |
|
Tel. No.: |
91-129-2274861
/ 4045831 / 4046882 / 2258588/ 3099731 / 2258590 / 3299731 |
|
Fax No.: |
91-129-2275877
/ 2258584 |
|
E-Mail : |
|
|
|
|
|
Regional Office 1 : |
Unit No. C-203, 2nd Floor, C-Wing, Building No. 2, Kailash Industrial
Complex, Behind Godrej Residential Colony, Parksite, Vikhroli (West), Mumbai
– 400079, Maharashtra, India |
|
Tel. No.: |
91-22-32992488/ 25171490 |
|
Fax No.: |
91-22-25171491 |
|
|
|
|
Regional Office 2 : |
No.3, 7th Floor, Alsa Towers No.186 and 187, Poonamalle High Road,
Kilpauk, Chennai – 600010, Tamilnadu, India |
|
Tel. No.: |
91-44-32924212/ 26401850 |
|
Fax No.: |
91-44-26401850 |
DIRECTORS
AS ON 26.06.2012
|
Name : |
Mrs. Sadhana Khaitan |
|
Designation : |
Director |
|
Address : |
114 A, Central Avenue, Sainik Farm, New Delhi – 110062, India |
|
Date of Birth/Age : |
27.05.1966 |
|
Qualification : |
B.A. (Hs.) (Eco.) |
|
Experience : |
24 Years |
|
Date of Appointment : |
21.10.1989 |
|
DIN No.: |
00156903 |
|
|
|
|
Name : |
Mr. Sanjay Kumar Khaitan |
|
Designation : |
Director |
|
Address : |
Kailash 114-A, Central Avenue, Sainik Farm, New Delhi – 110062, India |
|
Date of Birth/Age : |
17.12.1965 |
|
Date of Appointment : |
28.08.2009 |
|
DIN No.: |
00156816 |
|
|
|
|
Name : |
Mr. Nanak Gunendra Sheth |
|
Designation : |
Director |
|
Address : |
D – 2 A/4, Vasant Vihar, |
|
Date of Birth/Age : |
05.07.1941 |
|
Date of Appointment : |
28.08.1996 |
|
DIN No.: |
00034057 |
|
|
|
|
Name : |
Mr. Hari Krishan Pargal |
|
Designation : |
Director |
|
Address : |
C – 158, Defence Colony, New Delhi – 110024, India |
|
Date of Birth/Age : |
11.09.1928 |
|
Date of Appointment : |
03.12.1993 |
|
DIN No.: |
00229495 |
|
|
|
|
Name : |
Mr. Satya Narain Mohta |
|
Designation : |
Director |
|
Address : |
House No 1743, Sector 7 E, Faridabad – 121006, Haryana, India |
|
Date of Birth/Age : |
25.08.1953 |
|
Date of Appointment : |
17.05.2005 |
|
DIN No.: |
00157175 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.06.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sadhana Sanjaykumar Khaitan |
|
1815000 |
|
Sanjay Kumar Tej Narayan Khaitan |
|
1815000 |
|
Total |
|
3630000 |
AS ON 26.06.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufactures of
Single Screw, 2-Spindle Screw, 3-Spindle Screw Pumps, High Pressure Steam Jet
Cleaning Machines, High Pressure Water Jetting Pump and Industrial Vacuum
Cleaners etc. |
||||||||
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|
|
||||||||
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Products : |
|
PRODUCTION STATUS [AS ON 31.03.2011]
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Power Driven Pumps |
Nos. |
|
|
|
|
Helical rotor or single screw pumps with accessories |
Nos. |
|
|
319 |
|
2-spindle screw pumps with accessories |
Nos. |
|
|
43 |
|
3-spindle screw pumps with accessories |
Nos. |
1000 |
1000 |
358 |
|
Positive Displacement Rotary Pumps Gear Type with Accessories |
Nos. |
500 |
500 |
-- |
|
High Pressure and Steamjet Cleaning Machines of Various Type and
Accessories |
Nos. |
300 |
300 |
105 |
|
Industrial Vacuum Cleaners and Floor cleaners and Accessories |
Nos. |
300 |
300 |
-- |
|
Hydraulic Power Packs and Hydraulic Systems / Sub Systems and
Accessories |
Nos. |
1000 |
-- |
-- |
|
High Pressure Water Jetting Pumps and Accessories |
Nos. |
150 |
150 |
98 |
|
Hydraulic Pumps, Valves and Accessories |
Nos. |
5000 |
-- |
-- |
GENERAL INFORMATION
|
No. of Employees : |
150 [Approximately] |
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Bankers : |
Allahabad Bank, Govind Bhawan, NIT, Near Neelam Chowk, Faridabad -
121001, Haryana, India |
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Facilities : |
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||||||||||||||||||||||||||||||
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Gupta Gattani and Company Chartered Accountants |
|
Address : |
Room No. 107, Pratap Bhawan, 5 Bahadur Shah Zafar Marg, |
|
Tel. No.: |
91-11-23753699 / 41523699 |
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E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFG1742M |
|
|
|
|
Enterprises over which KMP have significant influence : |
Ø
Usha Hydro Dynamics Limited Ø
Sanman Gems Private Limited Ø Debikay
Investment Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,680,000 |
Equity Shares |
Rs. 10/- each |
Rs. 36.800 Millions |
|
2,000 |
Preference Shares |
Rs. 100/- each |
Rs. 0.200 Million |
|
|
Total |
|
Rs. 37.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,630,000 |
Equity Shares |
Rs. 10/- each |
Rs. 36.300
Millions |
|
|
|
|
|
Reconciliation of the number of shares outstanding as at 31st March,
2012 and 31st March, 2011 as below:
|
Particulars |
31.03.2012 |
31.03.2011 |
|
Number of shares outstanding at the beginning of the year |
3,630,000 |
1,200,000 |
|
Add : Shares issued |
-- |
2,430,000 |
|
Number of shares outstanding at the end of the year |
3,630,000 |
3,630,000 |
Terms/rights attached to equity shares
The Company has
only one class of ordinary shares (equity shares) having a par value of
Rs.10/-each. Each holder of ordinary shares is entitled to one vote per share.
The Company declares and pays dividend in Indian Rupees. The dividend proposed
by the Board of Directors is subject to the approval of the shreholders in the
ensuing annual general meeting except in the case of interim dividend.
The details of Shareholders holding more than 5% shares:
|
Name of the Shareholders |
31.03.2012 |
|
|
|
No. of Shares |
% of Holding |
|
Sanjay Kumar Khaitan |
1815000 |
50.00 |
|
Sadhana Khaitan |
1815000 |
50.00 |
|
Lakshmi Devi Jhawar |
0 |
0.00 |
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 |
36.300 |
36.300 |
12.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
142.784 |
128.994 |
116.405 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
179.084 |
165.294 |
128.405 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
33.623 |
32.912 |
28.570 |
|
|
2] Unsecured Loans |
0.239 |
1.088 |
0.197 |
|
|
TOTAL BORROWING |
33.862 |
34.000 |
28.767 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
212.946 |
199.294 |
157.172 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
89.797 |
67.468 |
48.930 |
|
|
Capital work-in-progress |
0.350 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
9.679 |
9.367 |
0.209 |
|
|
DEFERRED TAX ASSETS |
0.230 |
0.279 |
0.230 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
58.779
|
62.596 |
42.627 |
|
|
Sundry Debtors |
120.158
|
88.847 |
111.271 |
|
|
Cash & Bank Balances |
33.331
|
31.157 |
8.880 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
27.204
|
24.158 |
22.765 |
|
Total
Current Assets |
239.472
|
206.758 |
185.543 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
62.514
|
44.257 |
51.747 |
|
|
Other Current Liabilities |
33.612
|
27.633 |
9.507 |
|
|
Provisions |
30.456
|
12.688 |
16.486 |
|
Total
Current Liabilities |
126.582
|
84.578 |
77.740 |
|
|
Net Current Assets |
112.890
|
122.180 |
107.803 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
212.946 |
199.294 |
157.172 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
321.437 |
246.353 |
270.753 |
|
|
|
Other Income |
3.038 |
1.558 |
8.041 |
|
|
|
TOTAL (A) |
324.475 |
247.911 |
278.794 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
150.919 |
114.379 |
|
|
|
|
Changes in inventories of finished goods and work-in-progress |
4.156 |
(0.669) |
|
|
|
|
Employee benefits expense |
65.001 |
58.304 |
|
|
|
|
Other expenses |
45.510 |
44.053 |
|
|
|
|
TOTAL (B) |
265.586 |
216.067 |
236.790 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
58.889 |
31.844 |
42.004 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.393 |
4.263 |
2.788 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
52.496 |
27.581 |
39.216 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.281 |
8.845 |
4.362 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
39.215 |
18.736 |
34.854 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.768 |
6.480 |
11.827 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
26.447 |
12.256 |
23.027 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
126.772 |
114.516 |
91.489 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.645 |
0.000 |
0.000 |
|
|
|
Dividend |
10.890 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
1.767 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
137.917 |
126.772 |
114.516 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
5.944 |
4.891 |
1.966 |
|
|
|
Commission |
0.248 |
0.000 |
5.417 |
|
|
TOTAL EARNINGS |
6.192 |
4.891 |
7.383 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
16.901 |
19.684 |
18.640 |
|
|
|
Capital Goods |
16.510 |
16.982 |
8.956 |
|
|
TOTAL IMPORTS |
33.411 |
36.666 |
27.596 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.29 |
3.38 |
19.19 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
8.15
|
4.94 |
8.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.20
|
7.61 |
12.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.91
|
6.83 |
14.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.11 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.90
|
0.72 |
0.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.89
|
2.44 |
2.39 |
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 |
Yes |
|
9] |
Name
of person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
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 |
Yes |
|
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] |
PAN
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Passport
No 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 “Kailash” 114-A, Central Avenue,
Sainik Farm, New Delhi - 110062, India to the present address w.e.f.
01.02.2011.
CORPORATE INFORMATION
Subject is a
private limited company and incorporated under the Companies Act, 1956 with the
Registrar of Company NCT of Delhi and Haryana on 2nd May, 1984. Company
manufactures Single Screw, 2-Spindle Screw, 3-Spindle Screw Pumps, High
Pressure Steam Jet Cleaning Machines, High Pressure Water Jetting Pump and Industrial
Vacuum Cleaners etc.
OPERATIONS
In the year,
turnover/ income of the Company increased by 31% to Rs.324.475 Millions as
compared to Rs.247.911 Millions in the previous year. The net profit before tax
has also increased by 109% to Rs.39.215 Millions as compared to Rs.18.737
Millions in the previous year.
The Company is
making continuous efforts towards selling of complete systems to suit the
customer requirements and expanding its product range, increasing customer base,
indigenisation and cost reduction.
FUTURE PROSPECTS
The Company is
taking continuous steps to upgrade its technology by giving more thrust to
Research and Development.
FINANCE
The Company has not accepted any deposits from the public.
CONTINGENT LIABILITIES:
(Rs. in millions)
|
i) Claims
against the Company not acknowledged as debts : |
31.03.2012 |
31.03.2011 |
|
Income Tax for Assessment Year 2005-06 (net of payment) |
0.049 |
0.049 |
|
Income Tax for Assessment Year 2007-08 |
0.098 |
0.098 |
|
Sales Tax Demand for the year 2008-09 |
1.102 |
0.000 |
|
|
|
|
|
ii) Outstanding Bank Guarantees and Letters of Credit (Margin Money with Bank Rs.380.000 Millions
previous year Rs.466.400 Millions) |
16.410 |
14.662 |
|
|
|
|
|
iii) Estimated amount
of contracts remaining to be executed on capital account and not provided for (net of advances) |
0.061 |
12.576 |
FIXED
ASSETS
Ø
Land – Free hold
Ø
Buildings
Ø
Plant and Machinery
Ø
Electrical Installation
Ø
Tube Well
Ø
Furniture and Fixtures
Ø
Office Equipments
Ø
Motor Car
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 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. 54.84 |
|
|
1 |
Rs. 89.11 |
|
Euro |
1 |
Rs. 72.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
49 |
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.