MIRA
INFORM REPORT
|
Report Date : |
08.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
M SURESH JEWELLERY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 18,
Seepz, Andheri [East], Mumbai – 400096, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
11.08.1994 |
|
|
|
|
Com. Reg. No.: |
11-80302 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U65920MH1994PTC080302 |
|
|
|
|
Legal Form : |
Private Limited
Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of
diamond studded gold jewellery. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6222704 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track.
Financial position of the company appears to be good. Trade relations are
reported as fair. Business is active. Payments are reported to be usually
correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Plot No. 18,
Seepz, Andheri [East], Mumbai – 400096, |
|
Tel. No.: |
91-22-28292111 /
28290464 |
|
Fax No.: |
91-22-28292888 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Lalit
Chunilal Adani |
|
Designation : |
Director |
|
Address : |
3B, Swapnalok, L
Jagmohandas Marg, |
|
Date of Birth/Age : |
24.02.1958 |
|
Date of Appointment : |
13.01.2003 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U51900MH1994PTC082345 |
NIYATI EXPORTS PRIVATE
LIMITED |
Director |
25/10/1994 |
25/10/1994 |
- |
Active |
NO |
|
2 |
U22120MH1989PTC054450 |
C I JEWELS PRIVATE LIMITED
|
Director |
24/04/1998 |
24/04/1998 |
- |
Active |
NO |
|
3 |
U36910MH1991PTC064190 |
M SURESH EXPORTS PRIVATE
LIMITED |
Director |
03/09/1998 |
03/09/1998 |
- |
Active |
NO |
|
4 |
U65990MH2000PTC124973 |
SHREE GAURISHANKAR
INVESTMENT PRIVATE LIMITED |
Director |
15/03/2000 |
15/03/2000 |
- |
Active |
NO |
|
5 |
U65920MH1994PTC080302 |
M.Suresh Jewellery Private
Limited |
Director |
13/02/2003 |
13/02/2003 |
- |
Active |
NO |
|
6 |
U36912MH1995PTC094662 |
APEX DIAMOND EXPORTS
PRIVATE LIMITED |
Director |
21/03/2003 |
21/03/2003 |
- |
Active |
NO |
|
7 |
U36910MH2003PTC141086 |
CONCEPT JEWELLERY (INDIA)
PRIVATE LIMITED |
Director |
27/06/2003 |
27/06/2003 |
- |
Active |
NO |
|
8 |
U91110GJ2000NPL039065 |
GUJARAT HIRA BOURSE |
Director |
09/03/2004 |
09/03/2004 |
- |
Active |
NO |
|
9 |
U45202PN2003PLC018435 |
CITY CORPORATION LIMITED |
Director |
02/06/2005 |
02/06/2005 |
- |
Active |
NO |
|
10 |
U45209PN2005PTC021147 |
CITY REALTY &
DEVELOPMENT PRIVATE LIMITED |
Director |
17/08/2005 |
17/08/2005 |
17/06/2010 |
Active |
NO |
|
11 |
U36910MH2004PTC149806 |
M SURESH COMPANY PRIVATE
LIMITED |
Director |
02/12/2005 |
02/12/2005 |
- |
Active |
NO |
|
12 |
U34102PN2004PTC019806 |
Skyscapes Hotels Private
Limited |
Director |
21/06/2007 |
21/06/2007 |
17/06/2010 |
Active |
NO |
|
13 |
U70102PN2007PLC130371 |
AMANORA TOWNSHIP
MANAGEMENT LIMITED |
Director |
30/09/2008 |
27/07/2007 |
14/06/2010 |
Active |
NO |
|
14 |
U55204PN2007PLC130209 |
AMANORA HOSPITALITY
LIMITED |
Director |
29/09/2008 |
27/07/2007 |
14/06/2010 |
Active |
NO |
|
15 |
U45202PN2007PTC130231 |
CITY DEVELOPMENT
(MAHARASHTRA) Private LIMITED |
Director |
30/09/2008 |
27/07/2007 |
14/06/2010 |
Active |
NO |
|
16 |
U45203PN2007PLC130505 |
AMANORA PARK TOWN INFRASTRUCTURE
SERVICES LIMITED |
Director |
29/09/2008 |
31/07/2007 |
14/06/2010 |
Active |
NO |
|
17 |
U45200MH2008PTC179272 |
AMARIS DIAMONDS &
JEWELS PRIVATE LIMITED |
Director |
25/02/2008 |
25/02/2008 |
- |
Active |
NO |
|
18 |
U01403PN2008PLC132376 |
Eway Agro Products Limited
|
Director |
07/07/2008 |
07/07/2008 |
14/06/2010 |
Active |
NO |
|
19 |
U01403PN2008PLC132375 |
Eway Foods and Greenhouses
Limited |
Director |
07/07/2008 |
07/07/2008 |
14/06/2010 |
Active |
NO |
|
20 |
U45201MH2007PTC173573 |
GRANDIOSE INFRASTRUCTURE
VENTURE ENTERPRISES PRIVATE LIMITED |
Director |
29/07/2008 |
24/07/2008 |
- |
Active |
NO |
|
21 |
U85100PN2008PLC132514 |
Amanora Health Care
Limited |
Director |
29/07/2008 |
29/07/2008 |
14/06/2010 |
Active |
NO |
|
22 |
U51109PN1993PTC133270 |
LITOLIER MARKETING
PVT.LTD. |
Director |
10/02/2009 |
10/02/2009 |
- |
Active |
|
|
23 |
U70100MH2005PTC157193 |
MAGNIFICENT ESTATE PRIVATE
LIMITED |
Additional director |
12/03/2009 |
12/03/2009 |
16/06/2009 |
Active |
NO |
|
Name : |
Mr. Manish Ramesh
Pethani |
|
Designation : |
Director |
|
Address : |
190 1/2,
Chandanbala Apartment, Ratilal Thakkar Marg, Walkeshwar, Mumbai – 400006, |
|
Date of Birth/Age : |
13.06.1966 |
|
Date of Appointment : |
13.02.2003 |
Other Directorship:
|
S.No. |
CIN |
Name of the Company |
Current designation of the director |
Date of appointment at current designation |
Original date of appointment |
Date of cessation |
Company Status |
Defaulting status |
|
1 |
U51900MH1994PTC082345 |
NIYATI EXPORTS PRIVATE
LIMITED |
Director |
25/10/1994 |
25/10/1994 |
- |
Active |
NO |
|
2 |
U36910MH1991PTC064190 |
M SURESH EXPORTS PRIVATE
LIMITED |
Director |
03/09/1998 |
03/09/1998 |
- |
Active |
NO |
|
3 |
U65920MH1994PTC080302 |
M.Suresh Jewellery Private
Limited |
Director |
13/02/2003 |
13/02/2003 |
- |
Active |
NO |
|
4 |
U36912MH1995PTC094662 |
APEX DIAMOND EXPORTS
PRIVATE LIMITED |
Director |
21/03/2003 |
21/03/2003 |
- |
Active |
NO |
|
5 |
U36910MH2004PTC149806 |
M SURESH COMPANY PRIVATE
LIMITED |
Director |
02/12/2005 |
02/12/2005 |
- |
Active |
NO |
|
6 |
U22120MH1989PTC054450 |
C I JEWELS PRIVATE LIMITED
|
Director |
20/03/2006 |
20/03/2006 |
- |
Active |
NO |
|
7 |
U45400MH2009PTC189624 |
DHAMAL ESTATES PRIVATE
LIMITED |
Director |
17/01/2009 |
17/01/2009 |
25/03/2010 |
Active |
NO |
|
8 |
U45400MH2009PTC189620 |
SHREE GAURISHANKAR
DEVELOPERS PRIVATE LIMITED |
Director |
17/01/2009 |
17/01/2009 |
- |
Active |
NO |
|
9 |
U45400MH2009PTC189625 |
DHAMAL PROPERTIES PRIVATE
LIMITED |
Director |
17/01/2009 |
17/01/2009 |
- |
Active |
NO |
|
10 |
U70102MH2009PTC189654 |
DHAMAL BUILDERS &
DEVELOPERS PRIVATE LIMITED |
Director |
17/01/2009 |
17/01/2009 |
- |
Active |
NO |
|
11 |
U70100MH2005PTC157193 |
MAGNIFICENT ESTATE PRIVATE
LIMITED |
Additional director |
12/03/2009 |
12/03/2009 |
16/06/2009 |
Active |
NO |
|
12 |
U51109MH2009PTC195422 |
SPOTTED TRADING PRIVATE
LIMITED |
Director |
10/10/2009 |
10/10/2009 |
- |
Active |
NO |
|
13 |
U51109MH2009PTC195421 |
MORAL MERCANTILE PRIVATE
LIMITED |
Director |
10/10/2009 |
10/10/2009 |
- |
Active |
NO |
|
14 |
U51109MH2009PTC195419 |
INSPIRATION MERCANTILE
PRIVATE LIMITED |
Director |
10/10/2009 |
10/10/2009 |
- |
Active |
NO |
|
15 |
U51909MH2009PTC194548 |
LUCRATIVE TRADING PRIVATE
LIMITED |
Director |
10/10/2009 |
10/10/2009 |
- |
Active |
NO |
|
16 |
U51109MH2009PTC194266 |
UPGRADE TRADING PRIVATE
LIMITED |
Director |
06/01/2010 |
06/01/2010 |
- |
Active |
NO |
|
17 |
U45200MH2008PTC182107 |
REFRESH BUILDCON PRIVATE
LIMITED |
Director |
21/09/2010 |
01/02/2010 |
- |
Active |
NO |
|
18 |
U72900MH1999PLC122294 |
E Commerce Magnum Solution
Limited |
Additional director |
01/10/2010 |
01/10/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Lalit Chunilal
Adani |
|
43040 |
|
Manish Ramesh
Pethani |
|
31200 |
|
Paresh R Pathani |
|
59750 |
|
Vijay C Adani |
|
27000 |
|
Nitin C Adani |
|
27000 |
|
Suresh Co. Private Limited, Mumbai |
|
10 |
|
Apex Diamonds Exports Private Limited, Mumbai |
|
86000 |
|
Suresh Exports Private Limited, Mumbai |
|
226000 |
|
Total |
|
500000 |
AS ON 30.09.2010
|
Category |
Percentage |
|
Bodies corporate |
62.40 |
|
Directors or relatives of Directors |
37.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
diamond studded gold jewellery. |
PRODUCTION STATUS AS ON 31.03.2010
|
Particulars |
|
|
Unit |
Actual
Production |
|
Gold Jewellery. |
|
|
Pcs |
151780 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Bank of India, Seepz Branch, Seepz, Andheri-East, Mumbai - 400096, Maharashtra,
India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jain and Kachhawaha Chartered Accountant |
|
Address : |
Office No. 26, 47, Dr. M. B. Welkar Street, Mumbai – 400002,
Maharashtra, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1550.676 |
1415.666 |
1050.768 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1555.676 |
1420.666 |
1055.768 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
106.518 |
128.382 |
64.487 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
106.518 |
128.382 |
64.487 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1662.194 |
1549.048 |
1120.255 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
131.634 |
138.409 |
142.814 |
|
|
Capital work-in-progress |
0.755 |
0.756 |
0.756 |
|
|
|
|
|
|
|
|
INVESTMENT |
307.001 |
299.152 |
248.521 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
94.438
|
93.424 |
127.109 |
|
|
Sundry Debtors |
291.260
|
361.168 |
475.264 |
|
|
Cash & Bank Balances |
1.844
|
3.379 |
48.601 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
1073.319
|
936.497 |
272.971 |
|
Total
Current Assets |
1460.861
|
1394.468 |
923.945 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
187.828
|
260.331 |
147.870 |
|
|
Other Current Liabilities |
5.825
|
6.901 |
7.611 |
|
|
Provisions |
44.404
|
16.505 |
41.142 |
|
Total
Current Liabilities |
238.057
|
283.737 |
196.623 |
|
|
Net Current Assets |
1222.804
|
1110.731 |
727.321 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.843 |
|
|
|
|
|
|
|
|
TOTAL |
1662.194 |
1549.048 |
1120.255 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
171.566 |
348.627 |
350.192 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
36.557 |
23.361 |
48.294 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
135.009 |
325.266 |
301.898 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1278.466 |
913.569 |
611.671 |
|
|
|
|
|
|
|
|
|
Add/ Less |
PRIOR PERIOD
ADUSTMENT |
0.000 |
39.631 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
78.743 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
1334.732 |
1278.466 |
913.569 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1434.673 |
NA |
NA |
|
|
TOTAL EARNINGS |
1434.673 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1267.855 |
967.227 |
1093.821 |
|
|
|
Stores & Spares |
2.375 |
1.160 |
2.054 |
|
|
|
Capital Goods |
0.203 |
0.000 |
0.882 |
|
|
|
Others |
0.068 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
1270.501 |
968.387 |
1096.757 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
270.02 |
729.87 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.77
|
24.53 |
32.82 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.24 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.22
|
0.29 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.12
|
4.91 |
4.70 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
80041712 |
|
Corporate identity number of the company |
U65920MH1994PTC080302 |
|
Name of the company |
M.SURESH JEWELLERY PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
Plot No.18, Seepz Sez, Andheri (e), MUMBAI-
400 096, Maharashtra, India |
|
Type of charge |
Book Debts |
|
Particular of charge holder |
BANK OF INDIA |
|
Nature of description of the instrument
creating or modifying the charge |
First Supplemental Deed of Hypothecation of
Stocks And Book Debts |
|
Date of instrument Creating the charge |
01/02/2008 |
|
Amount secured by the charge |
Rs.200.000 Millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest As Stipualted By Bank From Time To Time Terms of Repayment As Stipualted By Bank From Time To Time Margin Extent and Operation of the charge First Charge(Present And Future)=Total
Limit Rs. 200.000 Millions (1)Epc =Rs.100.000 Millions, (2)Gold Loan = Rs. 75.000 Millions Max(1+2) =Rs.100.000 Millions (3)Fbp/Fbd/Fbn/Odfobc=Rs.100.000 Millions Total (1 To3) =Rs.200.000 Millions 4)Inland Guarantee =Rs.
5.000 Millions 5)Import/Inland Lc =Rs.
5.000 Millions Max (4+5) =Rs. 5.000
Millions Max (1 To 5) =RS.200.000 Millions Others As Stipualted By Bank From Time To Time
And As Per Agreement Attached And As Per Sanction Letter Of The Bank |
|
Short particulars of the property charged |
First Charge(Present and
Future)-Hypothecation Of All Gold, Diamonds, Silver, Alloys, Precious And
Semi Precious Stones, Finished Goods Like Rings, Pendants, Bracelets And All
Types Of Ornaments/Jewellery, Semi Finisished Goods, Stock In Process, Mounting
And Samples, Findings, Rubber Moulds, Plaster Of Paris And All Other Raw
Materials Etc And Book Debts |
|
Particulars of the present
modification |
By This Modification Limit Enhanced To Rs.
200.000 Millions Continued Security As Given By Original Charge As Well As By
Modifications. |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] 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.48.91 |
|
|
1 |
Rs.77.30 |
|
Euro |
1 |
Rs.64.11 |
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.