1. Summary Information
|
|
|
Country |
|
|
Company Name |
Khosla
Electronics Private Limited |
Principal Name 1 |
Mr. Manoj Khosla |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Manish Khosla |
|
|
|
Registration # |
21-92838 |
|
Street Address |
15/2-B, Sankari Para Road, Bhiwanipor, Kolkota – 700 025, West Bengal,
India |
||
|
Established Date |
02.02.2001 |
SIC Code |
-- |
|
Telephone# |
91-33-24555398 |
Business Style 1 |
Dealer |
|
Fax # |
91-33-24765133/ 24555398 |
Business Style 2 |
Trader |
|
Homepage |
-- |
Product Name 1 |
Electrical and Domestic Appliances |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.6,300,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate -20.64%,
Directors or relatives of directors- 79.36% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
No |
Business Period |
11 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(45) |
|
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 |
112,202,000 |
Current Liabilities |
101,977,000 |
|
Inventories |
232,305,000 |
Long-term Liabilities |
217,981,000 |
|
Fixed Assets |
54,448,000 |
Other Liabilities |
5,580,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
325,538,000 |
|
Invest& other Assets |
1,000,000 |
Retained Earnings |
60,617,000 |
|
|
|
Net Worth |
74,417,000 |
|
Total Assets |
399,955,000 |
Total Liab. & Equity |
399,955,000 |
|
Total Assets (Previous Year) |
269,769,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
Not Available |
Net Profit |
9,959,000 |
|
Sales(Previous yr) |
838,970,000 |
Net Profit(Prev.yr) |
7,023,000 |
|
Report Date : |
20.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
KHOSLA ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15/2-B, Sankari Para Road, Bhiwanipor, Kolkata – 700 025, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
02.02.2001 |
|
|
|
|
Com. Reg. No.: |
21-92838 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.6.300 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109WB2001PTC092838 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK02634C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK9715C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer and Trader of Electrical and Domestic Appliances. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. 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 dealing 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) |
|
|
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 : |
15/2-B, Sankari Para Road, Bhiwanipor, Kolkota – 700025, West Bengal,
India |
|
Tel. No.: |
91-33-24555398 |
|
Fax No.: |
91-33-24765133/ 24555398 |
|
E-Mail : |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Manoj Khosla |
|
Designation : |
Director |
|
Address : |
194 B/ 1, |
|
Date of Birth/Age : |
29.09.1963 |
|
Date of Appointment : |
02.02.2001 |
|
DIN No.: |
01834298 |
|
|
|
|
Name : |
Mr. Manish Khosla |
|
Designation : |
Director |
|
Address : |
15 / 2B |
|
Date of Birth/Age : |
02.10.1964 |
|
Date of Appointment : |
02.02.2001 |
|
DIN No.: |
00784320 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Manoj Khosla |
|
99500 |
|
Manish Khosla |
|
209500 |
|
Minod Khosla |
|
90500 |
|
Rupam Khosla |
|
90500 |
|
Viran Khosla |
|
10000 |
|
Fly High Exports Private Limited, India |
|
8000 |
|
V. Gandhi Fin-Vest Private Limited, India |
|
8000 |
|
Yograj Barter Private Limited, India
|
|
4000 |
|
Balaji Indifin Limited, India |
|
12000 |
|
Nitin Hire Purchase Private Limited, India |
|
8000 |
|
Vignesh Traders Private Limited, India
|
|
6000 |
|
Sachi Dealcom Private Limited, India
|
|
4000 |
|
Ideal Stockist Private Limited, India
|
|
10000 |
|
Amazing Dealcom Private Limited, India
|
|
14000 |
|
Galaxy Retails Private Limited, India
|
|
14000 |
|
Sanskriti Vintrade Private Limited, India |
|
8000 |
|
Satabdi Realstate Private Limited, India |
|
12000 |
|
Amber Vyapaar Private Limited, India
|
|
4800 |
|
Sukhsagar Vyapaar Private Limited, India |
|
8000 |
|
Vee Pointcommerce Private Limited, India |
|
4000 |
|
Fancy Commodeal Private Limited, India
|
|
4000 |
|
Jayasri Fiscal Services Private Limited, India |
|
1200 |
|
|
|
|
|
TOTAL |
|
630000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
20.64 |
|
Directors or relatives of directors |
|
79.36 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Trader of Electrical and Domestic Appliances. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Kalighat Branch, 79-C, S. P. Mukherjee Road, Kolkata – 700026, West
Bengal, India ·
Axis Bank, Corporate Banking Branch, 1 Shakespeare Sarani, AC Market, 3rd
Floor, Kolkata – 700071, West Bengal, India ·
Kotak Mahindra Bank Limited 36-38A, Nariman
Bhavan, 227,D, Nariman Point, Mumbai - 400021, Maharashtra, India ·
HSBC Bank ·
CITI Bank NA ·
Corporation Bank ·
ICICI Bank |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chartered Accountant |
|
Address : |
12 Ho-Chi Minh Sarani, Suite No. 2D to 2F, 2nd Floor,
Kolkata - 70071, West Bengal, India |
|
Tel. No.: |
91-33-40035801 |
|
Fax No.: |
91-33-40035832 |
|
E-Mail : |
|
|
PAN No.: |
AASFS4445F |
CAPITAL STRUCTURE
(AS ON 30.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
660000 |
Equity Shares |
Rs.10/- each |
Rs.6.600
Millions |
|
|
|
|
|
(AS ON 31.03.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700000 |
Equity Shares |
Rs.10/- each |
Rs.7.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
630000 |
Equity Shares |
Rs.10/- each |
Rs.6.300
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 |
6.300 |
5.800 |
5.400 |
|
|
2] Share Application Money |
7.500 |
12.500 |
0.000 |
|
|
3] Reserves & Surplus |
60.617 |
39.108 |
22.565 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
74.417 |
57.408 |
27.965 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
192.676 |
120.613 |
91.009 |
|
|
2] Unsecured Loans |
25.305 |
1.414 |
9.824 |
|
|
TOTAL BORROWING |
217.981 |
122.027 |
100.833 |
|
|
DEFERRED TAX LIABILITIES |
0.929 |
0.591 |
0.277 |
|
|
|
|
|
|
|
|
TOTAL |
293.327 |
180.026 |
129.075 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
54.448 |
33.820 |
22.766 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.000 |
1.000 |
1.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
232.305
|
129.958
|
105.030
|
|
|
Sundry Debtors |
28.135
|
36.467
|
20.164
|
|
|
Cash & Bank Balances |
23.403
|
13.334
|
14.917
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
60.664
|
55.190
|
38.595
|
|
Total
Current Assets |
344.507
|
234.949
|
178.706
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
87.338
|
79.689
|
64.660
|
|
|
Other Current Liabilities |
14.639
|
3.208
|
4.748
|
|
|
Provisions |
4.651
|
6.846
|
3.989
|
|
Total
Current Liabilities |
106.628
|
89.743
|
73.397
|
|
|
Net Current Assets |
237.879
|
145.206
|
105.309
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
293.327 |
180.026 |
129.075 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
838.970 |
571.061 |
|
|
|
Other Income |
NA |
0.874 |
1.006 |
|
|
|
TOTAL (A) |
NA |
839.844 |
572.067 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
|
796.980 |
557.119 |
|
|
|
Administrative, Office and Other Expenses |
NA |
23.826 |
18.945 |
|
|
|
Selling Expenses |
NA |
16.649 |
12.242 |
|
|
|
Increase/(Decrease) in Finished Goods |
NA |
(24.928) |
(37.926) |
|
|
|
TOTAL (B) |
NA |
812.527 |
550.380 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
27.317 |
21.687 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
14.892 |
13.624 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.127 |
12.425 |
8.063 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.181 |
2.229 |
1.858 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
14.946 |
10.196 |
6.205 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.987 |
3.173 |
2.177 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.959 |
7.023 |
4.028 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
19.908 |
12.965 |
8.937 |
|
|
|
|
|
|
|
|
|
Less |
Income Tax for
Earlier Year |
0.451 |
0.080 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
29.416 |
19.908 |
12.965 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.81 |
12.96 |
7.87 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.83
|
0.70
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
1.21
|
1.09
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.75
|
3.79
|
14.40
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.17
|
0.22
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.36
|
3.69
|
6.23
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.23
|
2.61
|
2.43
|
LOCAL AGENCY FURTHER INFORMATION
|
Check list by info
Agents |
Available in Report (Yes/ No) |
|
|
|
|
Year of Establishment |
Yes |
|
Locality of the Firm |
Yes |
|
Constitution of the Firm |
Yes |
|
Premises details |
No |
|
Type of Business |
Yes |
|
Line of Business |
Yes |
|
Promoter’s Background |
Yes |
|
No. of Employees |
No |
|
Name of Person Contacted |
No |
|
Designation of Contact person |
No |
|
Turnover of Firm for last two years |
Yes |
|
Profitability for last three years |
Yes |
|
Reasons for variation <> 20% |
----- |
|
Estimation for coming financial year |
No |
|
Capital in the business |
Yes |
|
Details of sister concerns |
No |
|
Major Suppliers |
No |
|
Major Customers |
No |
|
Payments Terms |
No |
|
Export/ Imports Details (If applicable) |
No |
|
Market Information |
----- |
|
Litigations that the firm/ Promoters Involved in |
----- |
|
Banking details |
Yes |
|
Banking Facility Details |
Yes |
|
Conduct of the Banking Account |
----- |
|
Buyer visit details |
----- |
|
Financials, if provided |
Yes |
|
Incorporation details is applicable |
Yes |
|
Last Accounts filed at ROC |
Yes |
|
Major Shareholders, if available |
Yes |
FORM 8:
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10196273 |
|
Corporate
identity number of the company |
U32109WB2001PTC092838 |
|
Name of the
company |
KHOSLA
ELECTRONICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
15/2B, Sankari
Para Road, Kolkata – 700025, West Bengal, India |
|
Type of charge |
Immovable
Property Book Debts Movable Property Others: Machinery
and Other Movable Fixed Assets |
|
Particular of
charge holder |
Axis Bank Limited Credit Management
Centre (CMC), 1, Shakespeare
Sarani, AC Market, 3rd Floor, Kolkata
– 700071, West Bengal, India |
|
Nature of
description of the instrument creating or modifying the charge |
i) Supplemental
Deed of Hypothecation, ii), iii), iv)
and v) No Instrument, Supplemental Oral Assent. |
|
Date of
instrument Creating the charge |
23.12.2011 |
|
Amount secured by
the charge |
Rs.246.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Cash Credit: Base
Rate + 2.75%=12.75% p.a. payable at monthly rests, WCDL: Base Rate +
2.50%= 12.50% p.a. payable at monthly rests, Term Loan: Base
Rate + 3.50%= 13.50% p.a. payable at monthly rests. Terms of
Repayment Cash Credit
repayable on demand. Term Loan of
Rs.30.000 Millions (Existing): Monthly repayment of Rs.0.500 Million each for
60 months, starting from 30.04.2011 and ending on 31.03.2016. Margin Cash Credit and
Working Capital Demand Loan: Finished Goods: 25%, Book Debts upto 120 days:
30%, Term Loan (Existing): 25%. Extent and
Operation of the charge Entire current assets
viz stocks, book debts of the company and Entire movable fixed assets of the
company and Extension of equitable mortgage over immovable properties of the
company. |
|
Short particulars
of the property charged |
Entire current
assets viz. stocks, book debts and all other current assets of the Co both
present and future Entire movable fixed assets (except vehicles) of the Co
both present & future All
that one shop room measuring about 257 sq. ft. at ground floor of the
building at premises No.33/1B, B. T. Road, P. S. Cossipore, Ward No.1,
Kolkata-700002. All that the
space measuring super built up area of 3558 sq. ft. On the entire 1st floor
of the building known as Puspa Arcade at Mouza-Chandnagore, J.L.No.44,
R.S.No.164, Touzi No.146 comprised in C. S. Dag No. 197, R.S.Dag No.329/ 726
under R. S. Khatian Nos.218 and 252 under Holding No.116, Sodepur Road,
(East), Ward No.7, P.S.Barasat within the jurisdiction of the Madhyamgram
Municipality in the District. 24 Pgs (N). All that the
commercial space measuring super built up area of about 1095 sq. ft. at
ground floor of the building at premises No.33/1B, B. T. Road, P. S.
Cossipore, Kolkata-700002. All that peace
and parcel of showroom spaces being-1) Entire 1st floor admeasuring 2356 sq.
ft. of super built area, 2) Demarcated part of ground floor, front side
admeasuring 742 sq. ft, 3) Demarcated part of ground floor, back side admeasuring 565 sq. ft. 4) Lying and
situated in the Namely Sacred Heart Tower at 621, Jessore Road,
Kolkata-700028, situated on the land measuring 4 cottahs, 4 chittacks at
Mouza Dumdum House, J.L.No.19, Re Sa No.237, Touza No.1073/2834, P. S.
Dumdum, Pragana-Kalikara, comprised in R. S. Dag No.518, L. R. Dag No.1352,
under R. S. Khatian No.74, L. R. Kh Nos.1313, 1258, 1666 and 970 ADSRO Cossipore, Dumdum, with South Dumdum
Municipality, Old holding No.1038/A, New Holding No.228, Jessore Road in Ward
No.8, being premises No.621, Jessore Road, Kolkata-28, District 24 Pgs (N). |
|
Date of latest modification
prior to the present modification |
04.07.2011 |
|
Particulars of
the present modification |
By this
modification, Overall limit has been increased/ realigned/ revised from
Rs.200.000 Millions to Rs.246.000 Millions. The details of credit facilities
are as under:- Facilities Amount Cash Credit Rs.220.000 Millions WCDL Rs.170.000 Millions
(Sub limit of Cash Credit) Term Loan Rs.26.000 Millions (Run down
balance of TL) Aggregate
Limit Rs.246.000 Millions Other terms and
condition remain unchanged. |
FIXED ASSETS:
· Leasehold Rights
· Godown
· Office Premises
· Shop
· Air Conditioner
· Fan
· Generator
· Safe Vault
· Water Purifier
· Electric Installation
· Motor Car
· Motor Bike
· Van
· Computer and Scanner
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.55.38 |
|
|
1 |
Rs.86.75 |
|
Euro |
1 |
Rs.68.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.