MIRA INFORM REPORT
|
Report Date : |
22.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
BABA AKHILA SAIJYOTHI INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
H.No. 12-2-422/106, Priya Colony, Gudimalkapur, Mehdipatnam,
Hyderabad-500028, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
25.05.2005 |
|
|
|
|
Com. Reg. No.: |
01-062241 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27102AP2005PTC062241 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCB3413C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Sponge Iron. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 390000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The management
of the company has not filed its latest financial i.e. 2011-2012 with the
government department. From the available financials of the year 2011, it
seems that the company has been successful in wiping of its accumulated
losses of the previous years. However, the company has recorded huge external
borrowings. Trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with some caution |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME4 (Average) |
|
Rating Explanation |
Credit worthiness is average |
|
Date |
October, 2011 |
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 : |
H.No. 12-2-422/106, Priya Colony, Gudimalkapur, Mehdipatnam,
Hyderabad-500028, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23531879 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Veluguri Krishna Murthy |
|
Designation : |
Managing director |
|
Address : |
12-2-422/106, Priya Colony, Gudimalkapur, Mehdipatnam, Hyderabad-
500028, Andhra Pradesh, India |
|
Date of Birth/Age : |
14.06.1964 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
01017482 |
|
|
|
|
Name : |
Mr. Bojedla Seshagiri Rao |
|
Designation : |
Director |
|
Address : |
12-2-422/106, Priya Colony, Gudimalkapur, Mehdipatnam, Hyderabad- 500028,
Andhra Pradesh, India |
|
Date of Birth/Age : |
25.01.1950 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
01017637 |
|
|
|
|
Name : |
Mr. Boyapati Srinivasa Rao |
|
Designation : |
Director |
|
Address : |
8-3-320/1/5, Sai Saradhi Nagar, Yallareddy Guda, Hyderabad-500073,
Andhra Pradesh, India |
|
Date of Birth/Age : |
01.07.1966 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
01681050 |
|
|
|
|
Name : |
Mr. Bojedla Aravind |
|
Designation : |
Director |
|
Address : |
House No:12-2-422/106, Priya Colony, Gudimalkapur, Mehdipatnam,
Hyderabad- 500028, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.07.1972 |
|
Date of Appointment : |
30.09.2008 |
|
DIN No.: |
01849469 |
|
|
|
|
Name : |
Mr. Ravisekhar Yarlagadda |
|
Designation : |
Director |
|
Address : |
1 Floor 1209, 8-3-320/1/5, Sai Saradhi Nagar, Yallareddy Guda,
Hyderabad-500073, Andhra Pradesh, India |
|
Date of Birth/Age : |
04.02.1965 |
|
Date of Appointment : |
24.12.2007 |
|
DIN No.: |
01865062 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Veluguri Krishna Murthy |
|
1658500 |
|
Bojedla Seshagiri Rao |
|
718500 |
|
Boyapati Srinivasa Rao |
|
663000 |
|
Bojedla Aravind |
|
575000 |
|
Ravisekhar Yarlagadda |
|
540000 |
|
Sri Lakshmi Vallabha Cold Storage Private
Limited, India |
|
495000 |
|
Sri Balaji Infra (India) Private Limited,
India |
|
350000 |
|
Total |
|
5000000 |
Allottees as on 09.03.2012
|
Names of Allottees |
|
No. of Shares |
|
V. Krishna Murthy |
|
985000 |
|
B. Seshagiri Rao |
|
360000 |
|
B. Srinivasa Rao |
|
245000 |
|
B. Aravind |
|
380000 |
|
Y. Ravi Sekhar |
|
180000 |
|
Sri Balaji Infra (India) Private Limited,
India |
|
810000 |
|
Sri Lakshmi Vallabha Cold Storage Private
Limited, India |
|
600000 |
|
Total |
|
3560000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2011
|
Category |
Percentage |
|
Bodies corporate |
16.90 |
|
Directors or relatives of Directors |
83.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sponge Iron. |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Plant and Machinery |
MT/Day |
100 |
100 |
-- |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Vijaya Bank, P.G. Road, Hyderabad - 500001, Andhra Pradesh, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N Purnachandra Rao and Company Chartered Accountants |
|
Address : |
Flat No. 106,
Bhanu Enclave, Beside Esi Hospital, Hyderabad-38, Andhra Pradesh, India |
|
PAN No.: |
AAUPN9004B |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs. 90.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs. 90.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8560000 |
Equity Shares |
Rs.10/- each |
Rs. 85.600 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 |
50.000 |
50.000 |
50.000 |
|
|
2] Share Application Money |
43.736 |
15.417 |
0.217 |
|
|
3] Reserves & Surplus |
4.428 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
(0.792) |
(2.239) |
|
|
NETWORTH |
98.164 |
64.625 |
47.978 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
242.445 |
169.404 |
172.802 |
|
|
2] Unsecured Loans |
20.650 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
263.095 |
169.404 |
172.802 |
|
|
DEFERRED TAX LIABILITIES |
4.008 |
2.346 |
2.673 |
|
|
|
|
|
|
|
|
TOTAL |
365.267 |
236.375 |
223.453 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
216.164 |
131.443 |
137.318 |
|
|
Capital work-in-progress |
0.000 |
35.594 |
17.719 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
113.391
|
83.428 |
44.990 |
|
|
Sundry Debtors |
36.414
|
15.231 |
5.988 |
|
|
Cash & Bank Balances |
27.827
|
3.197 |
0.919 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
56.402
|
6.371 |
19.374 |
|
Total
Current Assets |
234.034
|
108.227 |
71.271 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
64.964
|
2.994 |
1.326 |
|
|
Other Current Liabilities |
20.233
|
36.295 |
1.973 |
|
|
Provisions |
0.000
|
0.000 |
0.089 |
|
Total
Current Liabilities |
85.197
|
39.289 |
3.388 |
|
|
Net Current Assets |
148.837
|
68.938 |
67.883 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.266 |
0.400 |
0.533 |
|
|
|
|
|
|
|
|
TOTAL |
365.267 |
236.375 |
223.453 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
304.669 |
230.091 |
143.545 |
|
|
|
Other Income |
NA |
8.813 |
0.204 |
|
|
|
TOTAL (A) |
NA |
238.904 |
143.749 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
103.411 |
64.867 |
|
|
|
Purchases made for Trading |
|
57.567 |
0.000 |
|
|
|
Manufacturing Expenses |
|
19.676 |
35.413 |
|
|
|
Payments and Benefits to Employees |
NA |
3.795 |
6.043 |
|
|
|
Administration Charges |
|
3.746 |
3.980 |
|
|
|
Selling and Distribution Expenses |
|
5.657 |
2.953 |
|
|
|
Rent, Rates and Taxes |
|
0.129 |
0.336 |
|
|
|
Preliminary Expenses Written off |
|
0.134 |
0.133 |
|
|
|
(Increase) or Decrease in Finished Goods |
|
(0.563) |
(1.419) |
|
|
|
TOTAL (B) |
NA |
193.550 |
112.306 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
45.354 |
31.443 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
23.700 |
19.198 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
21.654 |
12.245 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
20.328 |
11.723 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
8.448 |
1.326 |
0.522 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.220 |
(0.121) |
2.761 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.228 |
1.447 |
(2.239) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.65 |
0.29 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.61 |
(1.560 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.77
|
0.58 |
0.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.88
|
0.55 |
0.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.55
|
3.23 |
3.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.75
|
2.75 |
21.04 |
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 |
No |
|
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 |
Yes |
Note
The registered office of the company has been shifted from Patel Nagar, Station
Road, Hospet, Karnataka, India to the present address w.e.f . 01.09.2008
REVIEW OF OPERATIONS:
The Company has
made Gross Turnover of Rs. 304.669 Millions, as against Rs. 230.091 Millions of
previous year. The Company has earned total Cash Profit of Rs. 27.722 Millions
for the said financial year as against Rs. 21.653 Millions of the previous
year. The Company has earned a Net Profit of Rs. 8.448 Millions after providing
depreciation of Rs. 19.274 Millions.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U27102AP2005PTC062241 |
|
Name of the company |
BABA AKHILA SAIJYOTHI INDUSTRIES PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
H.No. 12-2-422/106, Priya Colony, Gudimalkapur, Mehdipatnam,
Hyderabad-500028, Andhra Pradesh, India Email: ratankcs@gmail.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10100886 |
|
Type of charge |
|
|
Particular of charge holder |
Vijaya Bank, P.G. Road, Hyderabad - 500001, Andhra Pradesh, India |
|
Nature of instrument creating charge |
Supplementary Agreement, Agreement to Extentd Charge on Movable Property,
Memorandum and Counter Indemnity Dt. 15-02-2012. Sanction Memo Dt.31-01-2012 |
|
Date of instrument Creating the charge |
15.02.2012 |
|
Amount secured by the charge |
Rs. 334.500 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest CCH - BR+3% (floating) presently 13.65% p.a, SL and ML - BR+4.35%+0.25% (floating) presently 15.25% p.a ILC-Charges as per HOC 80/09, BG Rs.609+0.91% per Quarter / Part there
of +Out of Pocket Expenses Terms of Repayment CCH- On Demand, MORTGAGE LOAN of Rs. 5 Crores repayable in 72
installments at EMI of Rs. 1.112 millions commencing from April 2009 and
entire liabilities should be liquidated by April 2015. Secured Loan of Rs.
80.000 millions repayable in 72 installments EMI of Rs. 1.702 millions
commencing from April 2009 and entire liabilities should be liquidated by
April 2015. Margin CCH: Raw material, Work in Process and Finished Products - 25%, Book
Debts and Receivables - 40% Mortgage Loan and Secured Loan - 25% on the entire Project ILC - 10% Bank Guarantee - 20% Extent and Operation of the charge The charge operates as security for repayment of CCH- Rs. 120.000 Millions SL - Rs. 80.0000 Millions ML - Rs. 50.000 Millions ILC- Rs. 80.000 Millions BG - Rs. 4.500 Millions Total: Rs. 334.500 Millions |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
All Book Debts, All Materials, Stocks, Machinery and Other Movables. Factory Land and Building Civil Works for Mortgage Loan Plant and Machinery, Electrical Installation, Pollution Control
Equipment and Other Fixed Assets for Secured Loan Goods Procured under LC |
|
Date of instrument modifying the charge |
04.09.2010 |
|
Particulars of the present modification |
CCH enhanced from Rs.89.000 millions to Rs. 120.000 millions SL Rs. 80.000 millions and ML Rs. 50.000 millions remain the same Fresh ILC Limit Rs. 80.000 millions and BG Limit Rs. 4.500 millions
sanctioned Thus the total limit of Rs. 219.000 millions enhanced to Rs. 334.500
millions |
FIXED ASSETS:
- Land
- Furniture and Fixtures
- Plant and Machinery
- JCB
- Vehicles - Bus
- Vehicle - Four Wheeler
- Vehicles - Two Wheeler
- Building - Factory
- Building - Office
- Computer Equipment
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.55.09 |
|
|
1 |
Rs.89.54 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.