|
Report Date : |
23.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
RUCHIKA CHEMICAL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A/106, Synthofine Industry Estate, Behind Veerbani Industry Estate, Goregaon
(East), Mumbai – 400063, |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
06.05.1997 |
|
|
|
|
Com. Reg. No.: |
11-107836 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.745 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24114MH1997PTC107836 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR16685E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR1590C |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Basic Dyes |
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|
|
|
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 34000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track. Profitability
of the company appears to be very low. However, trade relations are reported to be fair. Business is active. Payments
are reported to be 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.
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 : |
A/106, Synthofine Industry Estate, Behind Veerbani Industry Estate,
Goregaon (East), Mumbai – 400063, Maharashtra, India |
|
Tel. No.: |
91-22-22087214 / 18251 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
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|
|
|
Administration
Office : |
172, Udyog Bhavan, Sonawala Road, Goregaon (Eas), Mumbai – 400069,
Maharashtra, India |
DIRECTORS
As on 27.09.2011
|
Name : |
Mr. Syam Sundar Pansari |
|
Designation : |
Director |
|
Address : |
48 A, Yashodham Bunglow Complex, Filmcity Road, Goregaon (East),
Mumbai – 400063, Maharashtra, India |
|
Date of Birth/Age : |
22.07.1969 |
|
Date of Appointment : |
06.05.1997 |
|
DIN No.: |
01354555 |
|
|
|
|
Name : |
Mrs. Ruchika Rakesh Pansari |
|
Designation : |
Director |
|
Address : |
48 A, Yashodham Bunglow Complex, Filmcity Road, Goregaon (East),
Mumbai – 400063, Maharashtra, India |
|
Date of Birth/Age : |
08.10.1945 |
|
Date of Appointment : |
06.05.1997 |
|
DIN No.: |
01354594 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2011
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Ruchika Pansari |
|
9877 |
|
Shyam Sunder Pansari |
|
310 |
|
Indu Agarwal |
|
1 |
|
Ashok Knits |
|
1 |
|
Sarwan Kumar Agarwal Ridhkaran |
|
1 |
|
Monika Pansari |
|
1 |
|
Santosh Devi Pansari |
|
14001 |
|
Santosh Kejriwal |
|
750 |
|
Kusum Jalan |
|
1 |
|
Tina
Pansari |
|
1 |
|
Anita
Pansari |
|
8100 |
|
Ashok
Agarwal |
|
1 |
|
Nitin Pansari |
|
100 |
|
Tara
Devi Gadia |
|
1 |
|
N.K.
Agarwal |
|
1 |
|
Narbada
Devi Poddar |
|
1 |
|
Vinod
Kumar Poddar HUF |
|
1 |
|
Jugal
Kisore and Sons (HUF) |
|
1 |
|
Tarun
Jalan |
|
1 |
|
Nilesh
Jalan |
|
1 |
|
Jasnanti
Devi Khandeua |
|
1 |
|
Nandlal Khandelia
and Sons HUF |
|
1 |
|
Manisha
Pansari |
|
13100 |
|
Total |
|
46254 |
|
Names of Shareholders (Preference
Shares) |
|
No. of Shares |
|
Sarju Devi Pansari |
|
801 |
|
Anita Pansari |
|
4000 |
|
Bhagwati Devi Agarwal |
|
1550 |
|
Asha Kejriwal |
|
500 |
|
Sharwan Kumar and Sons HUF |
|
750 |
|
Mohanlal Nodi |
|
750 |
|
Sarwan Kumar Kejriwal |
|
400 |
|
Satyabhama Mittal |
|
400 |
|
Dinesh Chandra Agarwal |
|
1050 |
|
Renu
Agarwal |
|
300 |
|
Asha Kejriwal
B/0 Ashish Kejriwal |
|
350 |
|
Asha
Kejriwal 8/0 Manish Kerjriwal |
|
350 |
|
Total |
|
11201 |
As on 04.04.2012
|
Names of Allottee (Equity Shares) |
|
No. of Shares Allotted |
|
Bhaurao Ram Kishma Saraswat |
|
1 |
|
Amit
Shaurao Saraswat |
|
1 |
|
Total |
|
2 |
As on 14.05.2012
|
Names of Allottee (Equity Shares) |
|
No. of Shares Allotted |
|
Venugopal Choudhary |
|
1 |
|
Total |
|
1 |
As on 20.06.2012
|
Names of Allottee (Equity Shares) |
|
No. of Shares Allotted |
|
Savitri Devi Kejriwal |
|
1 |
|
Total |
|
1 |
As on 27.06.2012
|
Names of Allottee (Equity Shares) |
|
No. of Shares Allotted |
|
Suresh Kumar Gupta |
|
1 |
|
Total |
|
2 |
As on 07.07.2012
|
Names of Allottee (Equity Shares) |
|
No. of Shares Allotted |
|
Shalini Kejriwal |
|
1 |
|
Anhu
Suresh Gupta |
|
1 |
|
Total |
|
1 |
As on 27.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.00 |
|
Other top fifty shareholders |
1.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Basic Dyes |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Basic Dyes |
Kg. |
47641 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
Union Bank of India, Goregaon (East) Branch, 172/73, Shri
Sadan,, Shantaben Estate, Goregaon (East), Mumbai - 400063, Maharashtra,
India |
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||
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Banking
Relations : |
-- |
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|
Auditors : |
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|
Name : |
Mandhania and Associates Chartered Accountants |
|
Address : |
6-A, Pil Court, 6th Floor, 111, Maharshi Karve Road, Churchgate, Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-22090365 / 22078214 / 22078215 |
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Fax No.: |
91-22-22092673 |
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E-Mail : |
|
|
PAN.: |
AAAFM1924H |
CAPITAL STRUCTURE
After 27.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47500 |
Equity Shares |
Rs.100/- each |
Rs.4.750 Millions |
|
12500 |
Preference Shares |
Rs.100/- each |
Rs.1.250 Millions |
|
|
Total |
|
Rs. 6.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46261 |
Equity Shares |
Rs.100/-
each |
Rs.4.626
Millions |
|
11201 |
Preference Shares |
Rs.100/- each |
Rs.1.120
Millions |
|
|
Total |
|
Rs.5.746 Millions |
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47500 |
Equity Shares |
Rs.100/- each |
Rs.4.750 Millions |
|
12500 |
Preference Shares |
Rs.100/- each |
Rs.1.250 Millions |
|
|
Total |
|
Rs. 6.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46254 |
Equity Shares |
Rs.100/-
each |
Rs.4.625
Millions |
|
11201 |
Preference Shares |
Rs.100/- each |
Rs.1.120
Millions |
|
|
Total |
|
Rs.5.745 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 |
5.745 |
5.745 |
5.745 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.933 |
2.029 |
1.460 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
8.678 |
7.774 |
7.205 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.692 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
40.288 |
18.307 |
23.753 |
|
|
TOTAL BORROWING |
41.980 |
18.307 |
23.753 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
50.658 |
26.081 |
30.958 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.034 |
6.167 |
6.267 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.005 |
0.005 |
0.005 |
|
|
DEFERREX TAX ASSETS |
0.087 |
0.032 |
0.015 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
13.229
|
7.259 |
18.273 |
|
|
Sundry Debtors |
13.763
|
12.082 |
7.858 |
|
|
Cash & Bank Balances |
1.979
|
2.965 |
1.473 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
19.007
|
2.213 |
2.641 |
|
Total
Current Assets |
47.978
|
24.519 |
30.245 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.196
|
0.771 |
1.249 |
|
|
Other Current Liabilities |
4.130
|
3.871 |
3.874 |
|
|
Provisions |
0.120
|
0.000 |
0.451 |
|
Total
Current Liabilities |
8.446
|
4.642 |
5.574 |
|
|
Net Current Assets |
39.532
|
19.877 |
24.671 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
50.658 |
26.081 |
30.958 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
67.649 |
44.366 |
27.959 |
|
|
|
Other Income |
0.114 |
0.000 |
0.016 |
|
|
|
TOTAL (A) |
67.763 |
44.366 |
27.975 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ (Decrease) in stock |
0.365 |
9.063 |
(2.023) |
|
|
|
Raw Material Consumed |
50.914 |
24.760 |
21.764 |
|
|
|
Fuel and Oil Consumed |
2.673 |
1.885 |
1.360 |
|
|
|
Packing
Material Consumed |
0.559 |
0.235 |
0.183 |
|
|
|
Manufacturing
Expenses |
5.371 |
3.443 |
2.246 |
|
|
|
Administrative
and Other Expenses |
2.347 |
1.394 |
0.746 |
|
|
|
TOTAL (B) |
62.229 |
40.780 |
24.276 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.534 |
3.586 |
3.699 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.502 |
2.013 |
2.339 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.032 |
1.573 |
1.360 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.682 |
0.789 |
0.865 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.350 |
0.784 |
0.495 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.446 |
0.216 |
0.169 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.904 |
0.568 |
0.326 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.328 |
0.760 |
0.434 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.232 |
1.328 |
0.760 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
34.140 |
5.773 |
NA |
|
|
TOTAL EARNINGS |
34.140 |
5.773 |
NA |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
9.144 |
8.340 |
7.033 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.55 |
12.29 |
7.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.33
|
1.28 |
1.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.00
|
1.77 |
1.77 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.29
|
2.55 |
1.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.10 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.81
|
2.95 |
4.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.68
|
5.28 |
5.43 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
-- |
|
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 |
FINANCIAL RESULTS
The company has earned a Profit of Rs.0.904 Millions (Previous year of
Rs.0.568 Millions)
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U24114MH1997PTC107836 |
|
Name of the company
|
RUCHIKA CHEMICAL
INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
A/106, Synthofine Industry Estate, Behind Veerbani Industry Estate, Goregaon
(East), Mumbai – 400063, Maharashtra |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
80048202 |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Union Bank of India, Goregaon (East) Branch, 172/73, Shri Sadan,, Shantaben Estate, Goregaon (East), Mumbai - 400063, Maharashtra, India |
|
Nature of
instrument creating charge |
Extension
Memorandum |
|
Date of
instrument Creating the charge |
01.11.2011 |
|
Amount secured by
the charge |
Rs.5.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Together with
interest, compound interest and/or additional interest in case of default exchange
fluctuation, costs, charges expenses etc and also for the facility that may
be granted from time to time Terms of Repayment On Demand. Margin As per sanction
terms. Extent and Operation of the charge To additionally secure Revised Cash Credit
(Hypothecation) Stocks and Book-Debts facility of Rs.5.000 Millions granted
by the Bank to the Company |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Extension of Equitable
Mortgage by Deposit of Title Deeds by Oral Consent in respect of Company's
Immovable Property viz. Plot No.T-103 with Factory Structure in the Tarapur
Industrial Area (cont). within the Village Limits of Pamtembhi and Outside
the limits of Municipal Council in rural area Taluka and Registration
Sub-District Palghar District and Registration District Thane (cont)
containing by admeasurements 934 sq. meters or thereabout and bounded as
follows:- On or towards the
North East by : Part of Plot No.92 and part of Plot No.T-93 (cont) On or towards the
South West by : Estate Road On or towards the
South East by : Plot No. T-102 and On or towards the
North West by : Plot No. T-104 |
|
Date of instrument modifying the charge |
31.10.2011 |
|
Particulars of the
present modification |
Vide this
modification Cash Credit (Hypothecation) Stocks and Book-Debts facility of
Rs.5.000 Millions is secured by Extension of Equitable Mortgage by Deposit of
Title Deeds by Oral Consent in respect of Company's Immovable Property viz.
Plot No.T-103 with Factory Structure in the Tarapur Industrial Area within
the Village Limits of Pamtembhi and Outside the limits of Municipal Council
in rural area Taluka and Registration Sub-District Palghar District and
Registration District Thane |
Fixed Assets
· Lease hold land
· Factory Building
· Electrical Installation
· Furniture and Fixture
· Plant and Machinery
· Fire Fighting Equipments
· Computer Scooter
· Telephone Equipment
· Office 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 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.55.15 |
|
|
1 |
Rs.86.58 |
|
Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
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 |
YES |
|
--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.