MIRA INFORM REPORT
|
Report Date : |
28.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
ENDEAVOUR INSTRUMENT PRIVATE LIMITED (ENDEAVOUR FIN) |
|
|
|
|
Formerly Known
As : |
ENDEAVOUR FINANCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
401, Mohini – II, Opposite Gandhigram Railway Station, Near Sakar - I,
Ellisbridge, Ahmedabad – 380006, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.06.1994 |
|
|
|
|
Com. Reg. No.: |
04-022270 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909GJ1944PTC022270 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader, Exporter and Importer of Electronic Weighing
Scales, Automatic Weighbridges and EOT Cranes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 50000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
commercial production of the new project has commenced in April, 2012. It has incurred loss out of its operations during 2012 and there appear
some external borrowings recorded by the company which can be a threat to the
company’s liquidity. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. 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.
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 |
SE3B |
|
Rating Explanation |
Moderate performance capability and moderate financial strength. |
|
Date |
May 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.
INFORMATION DENIED BY
|
Name : |
Mr. Kamlesh Maheshbhai Upadhyaya |
|
Designation : |
Director |
|
Contact No.: |
91-9824035345 |
|
Date : |
26.12.2012 |
LOCATIONS
|
Registered Office : |
401, Mohini – II, Opposite Gandhigram Railway Station, Near Sakar - I,
Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9824035345 (Mr. Kamlesh Maheshbhai Upadhyaya) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
307, Anand Chambers, Near High Court Railway Crossing Navrangpura,
Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26440606/ 07 |
|
Fax No.: |
91-79-26421221 |
|
E-Mail : |
|
|
|
|
|
Factory : |
45/3, Changoder Industrial Estate, Ahmedabad District Co-operative
Bank Road, Opposite S.T. Bus Stand, Sarkhej-Bavla Highway, Changoder,
Ahmedabad – 382231, Gujarat, India |
|
Tel. No.: |
91-2717-250691 / 250475 |
|
Fax No.: |
91-2717-250475 |
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Parag Rameshbhai Shah |
|
Designation : |
Director |
|
Address : |
2, Sangemermer Complex, |
|
Date of Birth/Age : |
29.03.1969 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
15.06.1994 |
|
DIN No.: |
00512469 |
|
|
|
|
Name : |
Mr. Kamlesh Maheshbhai Upadhyaya |
|
Designation : |
Director |
|
Address : |
6, Abhikram Apartment, 27, Inklab Society, Opposite Sears Towers,
Ahmedabad – 380009, |
|
Date of Birth/Age : |
29.01.1969 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
15.06.1994 |
|
DIN No.: |
00512483 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Parag Rameshbhai Shah |
|
95600 |
|
Kamlesh Maheshbhai Upadhyaya |
|
150000 |
|
Prafulla Rameshbhai Shah |
|
20000 |
|
Suhina L. Parikh |
|
100 |
|
Upen L. Parikh |
|
100 |
|
Deepak Agrawal |
|
8900 |
|
Upasi Parag Shah |
|
22500 |
|
Shailendra P.Bhalgama |
|
2500 |
|
Dilipbhai Ambalal Sarkar HUF |
|
100 |
|
Samir L. Parikh |
|
100 |
|
Vandita U. Parikh |
|
100 |
|
Total |
|
300000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader, Exporter and Importer of Electronic Weighing
Scales, Automatic Weighbridges and EOT Cranes. |
PRODUCTION STATUS [As on 31.03.2011]
|
Particulars |
Unit |
Qty. |
|
|
|
|
|
Installed
Capacity |
Nos. |
5000 |
|
Actual Production |
Nos. |
2610 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||
%20-%20204587%2028-Dec-2012_files/image001.gif){kind=small}
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. R. Pandhi and Associates Chartered Accountants |
|
Address : |
101, Panchdeep Complex, Mayur Colony, Near Mithakhali Six Road,
Navarangpura, Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-26565949/ 26420994 |
|
E-Mail : |
|
|
PAN No.: |
AABFM1229N |
|
|
|
|
Associates Companies: |
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000
Milions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.000 |
3.000 |
3.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
9.818 |
25.656 |
22.120 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
12.818 |
28.656 |
25.120 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
60.025 |
33.256 |
28.610 |
|
|
2] Unsecured Loans |
49.748 |
32.639 |
17.288 |
|
|
TOTAL BORROWING |
109.773 |
65.895 |
45.898 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
122.591 |
94.551 |
71.018 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.286 |
14.425 |
14.201 |
|
|
Capital work-in-progress |
28.069 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.842 |
2.180 |
1.766 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
34.003
|
37.452
|
23.064 |
|
|
Sundry Debtors |
63.063
|
58.825
|
43.842 |
|
|
Cash & Bank Balances |
2.383
|
2.051
|
1.032 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
26.601
|
18.837
|
13.410 |
|
Total
Current Assets |
126.050
|
117.165
|
81.348 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
17.310 |
21.369 |
14.913 |
|
|
Other Current Liabilities |
25.876
|
14.984
|
8.930 |
|
|
Provisions |
1.470
|
2.866
|
2.454 |
|
Total
Current Liabilities |
44.656
|
39.219
|
26.297 |
|
|
Net Current Assets |
81.394
|
77.946
|
55.051 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
122.591 |
94.551 |
71.018 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
180.010 |
168.430 |
124.478 |
|
|
|
Other Income |
1.567 |
0.700 |
0.293 |
|
|
|
TOTAL (A) |
181.577 |
169.130 |
124.771 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Purchase/Consumed |
|
98.710 |
71.038 |
|
|
|
Manufacturing
Expenses |
|
20.455 |
12.719 |
|
|
|
Payment to and Provision for Employees |
|
19.493 |
13.257 |
|
|
|
Administrative, Selling and Other Expenses |
|
24.630 |
21.391 |
|
|
|
Increase / [Decrease] in Stocks |
|
(8.864) |
(2.800) |
|
|
|
TOTAL (B) |
194.870 |
154.424 |
115.605 |
|
|
|
|
|
|
|
|
|
PROFIT/[LOSS]
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(13.293) |
14.706 |
9.166 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
6.134 |
2.946 |
|
|
|
|
|
|
|
|
|
|
PROFIT/[LOSS]
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(13.293) |
8.572 |
6.220 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.546 |
3.007 |
2.149 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL ITEM:-SALES
TAX DEFERMENT WRITTEN OFF |
0.000 |
0.000 |
2.363 |
|
|
|
|
|
|
|
|
|
|
PROFIT / [LOSS]
BEFORE TAX (E-F) (G) |
(15.839) |
5.565 |
6.434 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.001) |
2.029 |
1.766 |
|
|
|
|
|
|
|
|
|
|
PROFIT / [LOSS]
AFTER TAX (G-H) (I) |
(15.838) |
3.536 |
4.667 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.616 |
15.080 |
10.413 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.778 |
18.616 |
15.080 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
7.752 |
1.594 |
2.627 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
7.424 |
7.140 |
7.910 |
|
|
|
|
|
|
|
|
|
|
Earnings/[Loss]
Per Share (Rs.) |
(52.79) |
11.79 |
17.33 |
|
%20-%20204587%2028-Dec-2012_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(8.72)
|
2.09
|
3.74 |
|
|
|
|
|
|
|
(PBT/Sales) |
(%) |
(8.79)
|
3.30
|
5.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.53)
|
4.23
|
6.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.24)
|
0.19
|
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
12.05
|
3.67
|
2.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.82
|
2.99
|
3.09 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
Dues to Others |
17.310 |
21.369 |
14.913 |
|
Total |
17.310 |
21.369 |
14.913 |
|
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 |
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] |
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U51909GJ1994PTC022270 |
|
Name of the
company |
ENDEAVOUR
INSTRUMENT PRIVATE LIMITED (ENDEAVOUR FIN ) |
|
Address of the
registered office or of the principal place of business in |
401, Mohini – II, Opposite Gandhigram Railway Station, Near Sakar - I,
Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Charge identification
(ID) number of the charge to be modified |
10272894 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
HDFC Bank, HDFC House, Senapati Bapat Marg, Lower Parel West, Mumbai –
400013, |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Deposit of Title
Deeds. |
|
Date of
instrument Creating the charge |
13.05.2011 |
|
Amount secured by
the charge |
Rs. 90.000
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 payable On Demand and Term Loan
facility shall repayable in suitable installments. Margin As may be
stipulated by the Bank from time to time. Extent and Operation of the charge The Company
created an equitable mortgage by way of deposit of title deeds in respect of
its immovable properties as stated under item No.15 as security for the due
repayment of Rs. 90.000 millions by the Company, including principal amount
of the Facility, interest, liquidated damages, costs, charges and expenses
etc. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
|
|
Particulars of
the present modification |
The present
modification is for furnishing additional security of immovable property of
the Company situated at Ahmedabad, in addition to securities already
furnished by the company at the time of creation of the charge and, there is,
therefore no change in amount of charge which stands secured at Rs. 90.000
millions in favour of the Bank. |
OPERATIONS
The sales turnover of the company amounted to Rs.180.010 Millions in the current year as compared to Rs. 168.430 Millions in previous year which shows an increase of about 6.89%. The company has made a net loss of Rs. 15.838 Millions during the year as against Profit after tax of Rs. 3.536 Millions in last year. This was mainly due to increase in material cost and increase in finance cost.
CONTINGENT
LIABILITY
(Rs in Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
|
Counter Guarantee |
11.118 |
10.017 |
|
Sales Tax demands for the year 2006-07 against the company not acknowledged as debts and not provided for as the same are disputed by the company in appeal before Commissioner of Commercial Tax. |
0.109 |
0.109 |
|
Service Tax demand (Rs.377672/- Service Tax and Rs.20,20,660/- Penalty) against the company not acknowledged as debts and not provided for as the same are disputed by the company in appeal before Commissioner of Service Tax |
2.398 |
2.398 |
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Dies and
Prototypes
- Lab Equipment
and Testing
- Demolition
Hammer
- Furniture and
Fixtures
- Computer and
Printer
- Office
Equipments
- Electrical
Installations
- Vehicles
- Fax Machine
- Air Conditioner
- EPABX
- Mobile Phones
- Telephone
- Digital Camera
- Water Treatment Plant
- Aluminum Welding Machine
- Angle Grinder Machine
- Copper Welding Machine
- Voice Recorder
- Hand Drill Machines
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. 54.85 |
|
|
1 |
Rs. 88.55 |
|
Euro |
1 |
Rs. 72.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
31 |
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.