1. Summary Information
|
|
|
Country |
|
|
Company Name |
AYUSHMAN MERCHANTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajesh Kumar Dugar |
|
Status |
Moderate |
Principal Name 2 |
Mr. Manoj Kumar Dugar |
|
|
|
Registration # |
21-119707 |
|
Street Address |
406, Krishna Kunj, 37B/1A, |
||
|
Established Date |
16.10.2007 |
SIC Code |
-- |
|
Telephone# |
91-40-66494900 |
Business Style 1 |
Trader |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
Not Available |
Product Name 1 |
-- |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,233,500/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 83% Directors or
relatives of Directors – 17% |
Banking |
State Bank of |
|
Public Limited Corp. |
NO |
Business Period |
5 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B (31) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
355,728,000 |
Current Liabilities |
164,429,000 |
|
Inventories |
1,552,000 |
Long-term Liabilities |
172,486,000
|
|
Fixed Assets |
3,626,000 |
Other Liabilities |
1,481,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
338,396,000 |
|
Invest& other Assets |
1,755,000 |
Retained Earnings |
22,032,000 |
|
|
|
Net Worth |
24,265,000 |
|
Total Assets |
362,661,000 |
Total Liab. & Equity |
352,661,000 |
|
Total Assets (Previous Year) |
91,114,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
3,655,000 |
Net Profit |
1,730,000 |
|
Sales(Previous yr) |
0,000 |
Net Profit(Prev.yr) |
1,157,000 |
MIRA
INFORM REPORT
|
Report Date : |
21.01.2012 |
IDENTIFICATION DETAILS
|
Name : |
AYUSHMAN MERCHANTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
406, Krishna Kunj, 37B/1A, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.10.2007 |
|
|
|
|
Com. Reg. No.: |
21-119707 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.234 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB2007PTC119707 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALA11824B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA6626B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in trading of Mineral Powder and Consignment
Stockiest of PVC RESIN. |
|
|
|
|
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 97000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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) |
|
|
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 : |
406, Krishna Kunj, 37B/1A, |
|
Tel. No.: |
91-40-66494900 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Manoj Kumar Dugar |
|
Designation : |
Director |
|
Address : |
1 - 8 - 155/6 and 6A / 301, Marc Residency, |
|
Date of Birth/Age : |
25.05.1968 |
|
Date of Appointment : |
13.02.2009 |
|
DIN No.: |
00352733 |
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 |
U17119GJ2003PLC042041 |
Dugar Polymers
Limited |
Director |
20-02-03 |
20-02-03 |
- |
Active |
NO |
|
2 |
U65910KA1996PTC021091 |
New Age Vanilla
and Spice Private Limited |
Director |
09-03-05 |
09-03-05 |
20-01-10 |
Active |
NO |
|
3 |
U67120WB1995PTC072427 |
Meenakshi
Finvest Private Limited |
Director |
09-05-05 |
09-05-05 |
19-01-10 |
Active |
NO |
|
4 |
U05190KA1999PTC024996 |
Basudeo
Enterprises Private Limited |
Director |
13-11-06 |
13-11-06 |
01-04-10 |
Active |
NO |
|
5 |
U67120KA1986PTC007516 |
Abhinandan
Investments Private Limited |
Director |
27-04-07 |
27-04-07 |
15-03-08 |
Active |
NO |
|
6 |
U27203AP2007PTC054681 |
Welset Polypack
Private Limited |
Managing
director |
15-07-11 |
14-07-07 |
- |
Active |
NO |
|
7 |
U51909WB2007PTC119707 |
Ayushman
Merchants Private Limited |
Director |
13-02-09 |
13-02-09 |
- |
Active |
NO |
|
8 |
U51109WB2008PTC121716 |
Defodil Dealcom
Private Limited |
Director |
03-05-10 |
03-05-10 |
30-08-11 |
Active |
NO |
|
9 |
U67120AP1996PTC023072 |
Pankaj Capfin
Private Limited |
Director |
30-09-10 |
16-07-10 |
07-01-12 |
Active |
NO |
|
10 |
U18101AP2004PTC043986 |
Ayushman
Eco-Products Private Limited |
Director |
20-08-11 |
20-08-11 |
- |
Active |
NO |
|
Name : |
Mr. Rajesh Kumar Dugar |
|
Designation : |
Director |
|
Address : |
Plot No.7, Priya Colony, Kakaguda, |
|
Date of Birth/Age : |
23.11.1973 |
|
Date of Appointment : |
13.02.2009 |
|
DIN No.: |
00730059 |
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 |
U17119GJ2003PLC042041 |
Dugar Polymers
Limited |
Managing
director |
20-03-07 |
20-02-03 |
- |
Active |
NO |
|
2 |
U51909WB2007PTC119707 |
Ayushman
Merchants Private Limited |
Director |
13-02-09 |
13-02-09 |
- |
Active |
NO |
|
3 |
U31909AP2000PTC033496 |
Harita
Capacitors Private Limited |
Director |
06-07-09 |
06-07-09 |
30-09-11 |
Active |
NO |
|
4 |
U51109WB2008PTC121716 |
Defodil Dealcom
Private Limited |
Director |
07-05-10 |
07-05-10 |
30-08-11 |
Active |
NO |
|
Name : |
Mrs. Renu Dugar |
|
Designation : |
Director |
|
Address : |
1 - 8 - 155/6 and 6A / 301, Marc Residency, |
|
Date of Birth/Age : |
08.02.1971 |
|
Date of Appointment : |
14.03.2011 |
|
DIN No.: |
00235675 |
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 |
U51909WB2004PTC100183 |
Chandantara
Commercial Private Limited |
Director |
13-12-05 |
13-12-05 |
11-11-10 |
Active |
NO |
|
2 |
U17119GJ2003PLC042041 |
Dugar Polymers
Limited |
Director |
20-02-07 |
20-02-07 |
- |
Active |
NO |
|
3 |
U51909WB2007PTC119707 |
Ayushman
Merchants Private Limited |
Director |
14-03-11 |
14-03-11 |
- |
Active |
NO |
|
4 |
U51109WB2008PTC121716 |
Defodil Dealcom
Private Limited |
Director |
14-03-11 |
14-03-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Chandantara Commercial Private Limited, |
|
31000 |
|
Manoj Kumar Dugar |
|
10000 |
|
Rajesh Kumar Dugar |
|
5000 |
|
Tara Devi Dugar |
|
20000 |
|
Renu R. Dugar |
|
4000 |
|
Dugar Polymers Limited, |
|
93350 |
|
Defodil Dealcom Private Limited, |
|
60000 |
|
Total |
|
223350 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
83.00 |
|
Directors or relatives of Directors |
17.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in trading of Mineral Powder and Consignment
Stockiest of PVC RESIN. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Bankers : |
State Bank of |
|||||||||||||||||||||
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|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kathotia and Company Chartered Accountant |
|
Address : |
4-1-119, |
|
PAN.: |
AAGFK2833F |
|
|
|
|
Associates : |
Chemplast Sanmar Limited |
CAPITAL STRUCTURE
As on 31.3.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
223350 |
Equity Shares |
Rs.10/- each |
Rs.2.234
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 |
2.233 |
2.233 |
1.633 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.650 |
|
|
3] Reserves & Surplus |
22.032 |
20.301 |
13.745 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
24.265 |
22.534 |
16.028 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
99.867 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
72.619 |
30.107 |
0.000 |
|
|
TOTAL BORROWING |
172.486 |
30.107 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.097 |
0.008 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
196.848 |
52.649 |
16.028 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.626 |
3.278 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.736 |
0.000 |
6.400 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.552
|
0.000 |
0.000 |
|
|
Sundry Debtors |
336.506
|
78.885 |
0.000 |
|
|
Cash & Bank Balances |
2.054
|
3.845 |
0.274 |
|
|
Other Current Assets |
3.918
|
0.767 |
0.000 |
|
|
Loans & Advances |
13.250
|
4.306 |
9.336 |
|
Total
Current Assets |
357.280
|
87.803 |
9.610 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
159.829
|
37.548 |
0.001 |
|
|
Other Current Liabilities |
4.600
|
0.530 |
0.000 |
|
|
Provisions |
1.384
|
0.387 |
0.013 |
|
Total
Current Liabilities |
165.813
|
38.465 |
0.014 |
|
|
Net Current Assets |
191.467
|
49.338 |
9.596 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.019 |
0.033 |
0.032 |
|
|
|
|
|
|
|
|
TOTAL |
196.848 |
52.649 |
16.028 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3.655 |
0.000 |
0.000 |
|
|
|
Commission |
13.467 |
3.072 |
0.000 |
|
|
|
Interest Income |
6.378 |
2.277 |
0.015 |
|
|
|
Other Income |
0.104 |
0.160 |
0.090 |
|
|
|
TOTAL (A) |
23.604 |
5.509 |
0.105 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases - Traded Goods |
4.470 |
0.000 |
0.000 |
|
|
|
(Increase) / Decrease in Inventories of Traded
Goods |
(1.551) |
0.000 |
0.000 |
|
|
|
Administrative Expenses |
3.852 |
1.793 |
0.053 |
|
|
|
Selling & Distribution Expenses |
7.993 |
1.991 |
0.000 |
|
|
|
Preliminary Expenses written off |
0.014 |
0.014 |
0.011 |
|
|
|
TOTAL (B) |
14.778 |
3.798 |
0.064 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.826 |
1.711 |
0.041 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.794 |
0.119 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.032 |
1.592 |
0.041 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
0.216 |
0.044 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.816 |
1.548 |
0.041 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
1.086 |
0.361 |
0.013 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
1.730 |
1.157 |
0.028 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.190 |
0.033 |
0.005 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.920 |
1.190 |
0.033 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.75 |
5.18 |
0.17 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
7.33
|
21.00 |
26.67 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
77.05
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.78
|
1.70 |
0.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.07 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
13.94
|
3.04 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.15
|
2.28 |
686.43 |
LOCAL AGENCY FURTHER INFORMATION
Note:
The registered office of the company has been sifted from 1/H/23,
Performance:
The
company is associated with M/s Chemplast Sanmar Limited as their Consignment
Stockiest and
Credere agents for Poly
Vinyl Chloride (PVC) Resin. It has to its credit many achievements and most
important of them is building strong market base for their PVC Resin grades.
The
company has achieved 122% increase in terms of average monthly off-take in
terms of sales in quantitative terms by selling 34531 MT of PVC Resins; thereby
adding substantially to the bottom-line of the company. This is evident from
financial results, where EBITA has increased from Rs.1.711 Millions to Rs.8.827
Millions. During the current year, average monthly off-take was 2800 MT, as
compared to 1300MT in immediately preceding year.
Interest
Cost has increased due increase in unsecured debt & Channel Finance
facility availment from State Bank of
Achievements
The company has
achieved the landmark of being the Top Dealer with Highest Sales in Terms of
Quantity for Poly Vinyl Chloride Resin manufactured by Chemplast Sanmar
Limited, as their Consignment Stockiest and Del-Credere agents. During
the Financial year 2010-11, the company has achieved Sales Turnover of 34531 MT
during financial year 2010-11; as against 7785 MT during the period October-09
to March-10.
FUTURE PROSPECTS
_ Poly Vinyl
Chloride (PVC) is mainly used in Rigid Pipes and Fittings, Building and
Construction materials, Bottles, Containers, Toys, Footwear, Blood bags,
IV-fluid bags, etc.
_ PVC is
essentially used with additives. Pipes account for around 54% of PVC
consumption, followed by cable sheathing (14%).
_ The PVC demand
growth is quite significant; it is witnessing a double digit growth at this
point of time, growing at the rate 15% yearly. With boost coming from the
government's policy initiatives, raising the demand for the irrigation pipes
and the construction sector booming.
_ Agricultural,
infrastructure and housing will be the primary drivers of demand for PVC resin
and pipes. The global demand for PVC Resin is expected to increase at over 4%
p.a. as compared to the increase in capacity by about 2.5% p.a. over the next 5
years.
_ The domestic
demand for PVC Resin grew by 7% during the year.
_ The
demand-supply gap is being filled in by imports. The total imports were around
700,000 MT during the year .
_ PVC industry in
_ All these things
should continue to sustain good demand for PVC. It is expected that this trend
will continue over the years to come.
The company being
Contingent
Liability:
Unexpired Bank Guarantee Rs.25.000 Millions
Sundry Creditors Rs.5.000 Millions
Form 8:
|
Corporate identity number of the company |
U51909WB2007PTC119707 |
|
Name of the company |
AYUSHMAN MERCHANTS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
406, Krishna Kunj, 37B/1A, E-Mail : kathotia@icai.org |
|
This form is for |
Creation of charge |
|
Type of charge |
|
|
Particular of charge holder |
State Bank of E-Mail : sa.00916@sbi.co.in |
|
Nature of instrument creating charge |
Letter of Arrangement dated 23rd March 2011 for Cash Credit Limit of
Rs.100.000 Millions and Bank Guarantee of Rs.10.000 Millions; secured by hypothecation
of Book Debts and Socks and Third Party Guarantee of Mr. Manoj Kumar Dugar,
Mr. Rajesh Kumar Dugar; E.M. of Land belonging to Manoj Kumar Dugar and Tara
Devi Dugar |
|
Date of instrument Creating the charge |
23.03.2011 |
|
Amount secured by the charge |
Rs.110.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of interest 4.75% above State Bank of India Base rate. Present Base Rate is 8.25% Terms of repayment Repayable on Demand. Subject to review for every 12 months. Margin Domestic Receivables (upto 70 days) - NIL Bank Guarantee - 25% Extent and operation of the charge First Charge on Book Debts and Stock |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
First Charge on Book Debts and Stock |
Fixed Assets:
- Furniture and
Fixtures
- Data
Processing Equipments
- Vehicles
- Plant and
Machinery
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.50.33 |
|
|
1 |
Rs.77.97 |
|
Euro |
1 |
Rs.65.31 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--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.