MIRA INFORM REPORT
|
Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
MAXX MOBILE COMMUNICATIONS LIMITED (w.e.f. 10.09.2008) |
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Formerly Known
As : |
MAXX MOBILE COMMUNICATIONS PRIVATE LIMITED MAX MOBILE PHONE AND ACCESSORIES ( |
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Registered
Office : |
1601, 16th Floor, DLH Park, Opposite Goregaon MTNL, Telephone
Exchange, S.V. Road, Goregaon (West), Mumbai - 400062, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
01.01.2004 |
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Com. Reg. No.: |
11-143794 |
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Capital Investment
/ Paid-up Capital : |
Rs.2881.232 Millions |
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CIN No.: [Company Identification
No.] |
U32204MH2004PLC143794 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM27045E |
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PAN No.: [Permanent Account No.] |
AADCM7894C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Mobile Phone Batteries and Chargers. |
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No. of Employees
: |
1500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 17000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having fine track. General
financial position is good. The company is doing well. Trade relations are reported
as fair. Business is active. Payments are reported to be 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.
INFORMATION PARTED BY
|
Name : |
Mr. Jitendra |
|
Designation : |
Account Manager |
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Contact No.: |
91-9930370374 |
|
Date : |
06.06.2012 |
LOCATIONS
|
Registered Office : |
1601, 16th Floor, |
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Tel. No.: |
91-22-33662222 / 40734444 |
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Mobile No.: |
91-9930370374 (Mr. Jitendra) |
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Fax No.: |
91-22-40794440 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1 : |
C3/D12, Site No. 1, Bhandrabad Industrial Area, Haridwar, |
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Area : |
1 Lac sq ft |
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Owned |
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Factory 2 : |
Vardhman Industrial Estate, Village Bhadrapur Saini, Tehsil- Roorkee,
District- Haridwar, Uttarakhand |
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Factory 3 : |
Unit No. 160, SDF-Seepz Sez, Andheri (East), Mumbai-400096, |
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Godown : |
Located at
|
Note:
Head office has been closed down and Godown
has been shifted from Vasai to Bhiwandi
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Ajay Ramanlal Agrawal |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
1503, Quiescent Heights Mind Sapce, Malad (West), Mumbai - 400 064, |
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Date of Birth/Age : |
25.02.1977 |
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Qualification |
Graduate |
|
Date of Appointment : |
01.01.2004 |
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DIN No.: |
00241575 |
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|
Name : |
Mrs. Barkha Ajay Agrawal |
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Designation : |
Managing Director |
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Address : |
1503, Quiescent Heights Mind Sapce, Malad (West), Mumbai – 400 064, |
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Date of Birth/Age : |
02.05.1978 |
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Qualification |
Graduate |
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Date of Appointment : |
04.01.2011 |
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DIN No.: |
00245167 |
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|
Name : |
Mr. Mahesh Pipaliya |
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Designation : |
Whole Time Director |
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Address : |
Flat No. 12, 3rd Floor, Dwarkesh, Rani Sati Marg, Malad
(East), Mumbai-400097, |
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Date of Birth/Age : |
29.09.1978 |
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Qualification |
Graduate |
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Date of Appointment : |
31.05.2010 |
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DIN No.: |
03095950 |
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|
|
Name : |
Mr. Dinesh K Govil |
|
Designation : |
Independent Director |
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Address : |
Flat No. 205, Nestle CHS Limited, Sector 45, Gurgaon-122001, |
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Date of Birth/Age : |
13.09.1947 |
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Qualification |
MBA |
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Date of Appointment : |
17.06.2010 |
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DIN No.: |
02402409 |
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Name : |
Mr. Deva Anadn Balodhi |
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Designation : |
Director |
|
Address : |
669, 1st Floor, |
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Date of Birth/Age : |
14.07.1946 |
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Qualification |
Ph.d |
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Date of Appointment : |
27.12.2010 |
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DIN No.: |
01946041 |
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Name : |
Mr. Khee Chauan Low |
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Designation : |
Director |
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Address : |
142, Lorong Ah Soo #02-253, Singapore – 530142 |
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Date of Birth/Age : |
03.02.1977 |
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Qualification |
Bachelor of Science in |
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Date of Appointment : |
04.01.2011 |
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DIN No.: |
03357098 |
KEY EXECUTIVES
|
Name : |
Ms. Megha Gupta |
|
Designation : |
Secretary |
|
Address : |
1102, J Wing, |
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Date of Birth/Age : |
13.03.1987 |
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Date of Appointment : |
11.02.2010 |
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PAN No.: |
AOZPG0155M |
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|
Name : |
Mr. Jitendra Jain |
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Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Ajjay R Agarwal |
|
16699150 |
|
Barkha Ajjay Agarwal |
|
18523700 |
|
Ajjay Agrawal (Huf) |
|
124223801 |
|
Integrity Properties Private Limited |
|
71649266 |
|
Kreteka Investment Private Limited |
|
2571400 |
|
Mahesh Pipaliya |
|
760890 |
|
Hemansu Mody |
|
663000 |
|
Madan Chaturvedi |
|
130000 |
|
Autum Impex Private Limited |
|
1004417 |
|
Cellcom Communications Private Limited |
|
1053000 |
|
Jsk Mobitronics Private Limited |
|
1287000 |
|
Hemang Shah |
|
747500 |
|
Reena Shall |
|
747500 |
|
Motilal Agarwal |
|
10400 |
|
Suman Garg |
|
15600 |
|
Maya Rani |
|
1300 |
|
Anil Yadav |
|
520 |
|
Arun Kumar Kbchhar |
|
17680 |
|
Star Asia Holdings Pte. Limited |
|
46658144 |
|
Anita Sharma |
|
520 |
|
Farzana Cooper |
|
260 |
|
Gyanchand Jain |
|
520 |
|
Krishna Shanker Tripathi |
|
585 |
|
Manish Seksaria |
|
702 |
|
Pooja Kotecha |
|
234 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
16.23 |
|
Bodies corporate |
27.01 |
|
Directors or relatives of Directors |
55.60 |
|
Others |
1.16 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Mobile Phone Batteries and Chargers. |
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Products : |
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Terms : |
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Selling : |
L/C / Cash / Credit |
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Purchasing : |
L/C / Cash / Credit |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Mobile Phone Battery |
Nos. |
|
83189760 |
39056494 |
|
Mobile Phone Charger |
Nos. |
|
33000000 |
5884100 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
1500 (Approximately) |
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Bankers : |
·
State Bank of ·
The Shamrao Vithal Co-operative Bank Limited,
47/A, S.M. House, ·
Union Bank of ·
Bank of ·
Andhra Bank ·
Oriental Bank of Commerce ·
The Federal Bank Limited ·
Allahabad Bank ·
Central Bank of 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 : |
Anil Bansal and Associates Chartered Accountants |
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Address : |
306, Kedia Chamber, |
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PAN.: |
AADPB0832A |
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|
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|
Name : |
B.R. Batliboi and Associates Chartered Accountants |
|
Address : |
Golf View Corporate Tower B, Sector-42, Sector Road Gurgaon – 122002, Haryana, India |
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PAN.: |
AABFS3421N |
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Enterprises owned
or significantly influenced by key management personnel or their relatives: |
· Maxx Digital Care Private Limited · Maxx Retail Private Limited · Integrity Properties Private Limited ·
Kreteka Investments Private Limited |
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Subsidiaries : |
Maxx Moblink Private Limited CIN NO.: U74990MH2008PTC188380 |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
400000000 |
Equity Shares |
Rs.10/- each |
Rs.4000.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
288123198 |
Equity Shares |
Rs.10/- each |
Rs.2881.232
Millions |
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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 |
|
|
|
|
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1] Share Capital |
2881.232 |
195.320 |
116.200 |
|
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2] Share Application Money |
0.100 |
0.000 |
54.138 |
|
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3] Reserves & Surplus |
1565.446 |
2555.893 |
237.066 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
4446.778 |
2751.213 |
407.404 |
|
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LOAN FUNDS |
|
|
|
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1] Secured Loans |
3484.111 |
3030.476 |
819.459 |
|
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2] Unsecured Loans |
111.994 |
81.245 |
0.000 |
|
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TOTAL BORROWING |
3596.105 |
3111.721 |
819.459 |
|
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DEFERRED TAX LIABILITIES |
154.524 |
59.187 |
31.644 |
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|
|
|
|
|
|
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TOTAL |
8197.407 |
5922.121 |
1258.507 |
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APPLICATION OF FUNDS |
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|
|
|
|
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FIXED ASSETS [Net Block] |
3991.376 |
1237.585 |
334.454 |
|
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Capital work-in-progress |
164.996 |
2716.400 |
206.905 |
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|
|
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|
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INVESTMENT |
500.600 |
108.100 |
0.500 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
589.661
|
539.311
|
739.222 |
|
|
Sundry Debtors |
3606.438
|
1926.433
|
1090.340 |
|
|
Cash & Bank Balances |
296.987
|
228.389
|
222.108 |
|
|
Other Current Assets |
3.944
|
4.687 |
0.000 |
|
|
Loans & Advances |
209.535
|
147.658 |
167.677 |
|
Total
Current Assets |
4706.565
|
2846.478 |
2219.347 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1018.681 |
894.437 |
1295.269 |
|
|
Other Current Liabilities |
77.114
|
77.631 |
185.547 |
|
|
Provisions |
70.335
|
14.374 |
22.465 |
|
Total
Current Liabilities |
1166.130
|
986.442 |
1503.281 |
|
|
Net Current Assets |
3540.435
|
1860.036 |
716.066 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.582 |
|
|
|
|
|
|
|
|
TOTAL |
8197.407 |
5922.121 |
1258.507 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6665.753 |
4986.019 |
1699.327 |
|
|
|
Other Income |
31.464 |
47.490 |
24.371 |
|
|
|
TOTAL (A) |
6697.217 |
5033.509 |
1723.698 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
4580.000 |
4163.108 |
|
|
|
|
Manufacturing service costs |
30.589 |
16.952 |
|
|
|
|
Employee related expenses |
162.666 |
88.122 |
1534.339 |
|
|
|
Administrative selling other expenses |
63.234 |
141.988 |
|
|
|
|
Research development expenditure |
0.132 |
0.630 |
|
|
|
|
TOTAL (B) |
4836.621 |
4410.800 |
1534.339 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1860.596 |
622.709 |
189.359 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
431.750 |
124.508 |
72.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1428.846 |
498.201 |
116.988 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
245.498 |
42.465 |
15.425 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1183.348 |
455.736 |
101.563 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
169.542 |
35.796 |
11.233 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1013.806 |
419.940 |
90.330 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
554.954 |
135.014 |
44.684 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
3.961 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1564.799 |
554.954 |
135.014 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
5291.516 |
1398.938 |
NA |
|
|
TOTAL EARNINGS |
5291.516 |
1398.938 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
4508.693 |
2900.652 |
NA |
|
|
|
Capital Goods |
1725.175 |
1201.132 |
NA |
|
|
TOTAL IMPORTS |
6233.868 |
4101.784 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.52 |
1.51 |
7.87 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
7500.000 |
Expected Sales (2012-13) : Rs.9000.000 Millions
The above information has been parted by Mr. Jitendra Jain
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
15.14
|
8.34 |
5.24 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
17.75
|
9.14 |
5.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.60
|
11.16 |
3.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.17 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.07
|
1.49 |
5.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.04
|
2.89 |
1.48 |
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 |
Yes |
|
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 |
Yes |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
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 |
DETAILS OF SUNDRY CREDITORS
Rs. In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Creditors due small micro enterprises |
1.938 |
0.000 |
|
|
Creditors due others |
1016.743 |
894.437 |
|
|
Total |
1018.681 |
894.437 |
1295.269 |
PERFORMANCE REVIEW
The year witnessed an improved performance of the company on all parameters and as a result the Company's overall financials rebounded significantly as compared to the previous year. Total revenue of the Company is Rs. 6711.200 Millions in comparison to Rs.5150.600 Millions in the previous year, registering a growth of approx.
30%. The Profit before Tax is Rs.1183.300 Millions in comparison to Rs.455.700 Millions in the previous year registering a growth of 162%. The Net Profit after Tax is Rs.1013.800 Millions in comparison to Rs.419.900 Millions in the previous year.
CONTINGENT LIABILITIES
Rs. In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
|
Guarantee given for Maxx Moblink Private Limited, wholly owned subsidiary |
2,000,000,000 |
430,000,000 |
The Company has obtained licences/authorizations under the
Export Promotion Capital Goods Scheme for importing capital goods at a
concessional rate of customs duty against submission of bonds. Under the term
of the respective licences /authorizations, the Company is required to export
goods of FOB value equivalent to or more than, six times the amount of duty
saved in respect of such licences / authorizations, where export obligation has
been refixed by the order of Director General Foreign Trade, Ministry of
Commerce and Industry, Government of India, as applicable. Balance export
obligations outstanding as on March 31, 2011 under the aforesaid
licences/authorizations is Rs. 2127.122 Millions.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U32204MH2004PLC143794 |
|
Name of the
company |
MAXX MOBILE COMMUNICATIONS LIMITED |
|
Address of the
registered office or of the principal place of business in |
106, Chawda Industrial Estate, New |
|
This form is for |
Creation
of Charge |
|
Type of charge |
· Book debts · Movable property (not being pledge) ·
Others (Plant and Machinery and Furniture and
Fixtures.) |
|
Particular of
charge holder |
State Bank of |
|
Nature of
instrument creating charge |
Joint Deed of
Hypothecation. Term Loan
Agreement. |
|
Date of
instrument Creating the charge |
17.11.2011 |
|
Amount secured by
the charge |
Rs.2000.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest ROI As per the
all the banks sanctioned letters. Terms of Repayment Repayment of
Terms Margin ROI As per the all
the banks sanctioned letters. Extent and Operation of the charge Security created
by way of first charge for the due repayment of all monies including the
principal sums, interest, costs, charges and expenses. Others SBI - Rs.1000.000
Millions, SBP - Rs.500.000 Millions, BOB - Rs.500.000 Millions, Total Term
Loan - Rs. 2000.000 Millions All other terms
and conditions as per the all bank's sanctioned letter. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
I First PARI
PASSU CHARGE ALONGWITH OTHER TERM LENDERS. A. All and singular Plant and
machineries, accessories, equipment, furniture, fixtures, electrical
fittings, computers, technological installations and vehicles, etc (both
present and future) acquired from the term loan facilities, whether installed
or not and lying loose or in cases a Borrower's factory premises at Lithium
Cell and Mobile Phones Plant at Haridwar in Uttarkhand and/or anywhere else
or which may at any time be acquired thereafter during the continuance of the
security or wherever else the same may be or be held by anywhere to the order
or disposition of the borrower or in the course of transit to the borrower or
in the course of transit to the borrower or on high seas or on order or
delivery howsoever end wheresoever
in the possession of the borrower (hereinafter referred to as "Fixed
Assets") |
FIXED ASSETS:
·
Leased Land
·
·
Computer and Software
·
Electric Fitting
·
Factory/ Office Equipment
·
Furniture and Fixture ]
·
Vehicles
·
Office
·
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.55.50 |
|
|
1 |
Rs.85.58 |
|
Euro |
1 |
Rs.69.30 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
YES |
|
--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.