|
Report Date : |
08.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
LUBI SUBMERSIBLE LIMITED |
|
|
|
|
Formerly Known
As : |
ANMIL TRADING AND MANUFACTURING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Near Kalyan Mills, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.05.1979 |
|
|
|
|
Com. Reg. No.: |
04-003389 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 5.400
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199GJ1979PLC003389 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHML00090G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL2565N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Pumps and Motors |
|
|
|
|
No. of Employees
: |
2000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having fine track. Financial
position of the company appears to be sound. 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 DECLINED BY
|
Name : |
Mr. Manoj |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-79-22204711 |
|
Date : |
07.06.2012 |
LOCATIONS
|
Registered Office/ Factory /
Administrative Office : |
Near Kalyan Mills, |
|
Tel. No.: |
91-79-22204711 upto 22204718/ 30610100 |
|
Fax No.: |
91-79-22200660/ 30610300 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 |
|
Location : |
Owned |
DIRECTORS
AS ON 24.09.2011
|
Name : |
Mr. Jagdishchandra Rambhai Amin |
|
Designation : |
Director |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Birth/Age : |
28.12.1933 |
|
Date of Appointment : |
31.08.1989 |
|
DIN No.: |
|
|
|
|
|
Name : |
Mr. Subhashchandra Rambhai Amin |
|
Designation : |
Director |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Birth/Age : |
06.02.1947 |
|
Date of Appointment : |
01.07.1981 |
|
DIN No.: |
00221530 |
|
|
|
|
Name : |
Mr. Jayamalbhai Jagdishchandra Amin |
|
Designation : |
Director |
|
Address : |
Ram Home, Gulbai Tekra, Ellisbridge, Ahmedabad- 380006, |
|
Date of Birth/Age : |
27.04.1962 |
|
Date of Appointment : |
03.04.1995 |
|
DIN No.: |
00221356 |
|
|
|
|
Name : |
Mr. Shailesh Dollarrai Porecha |
|
Designation : |
Director |
|
Address : |
Navdeep, Udyan Marg, Ellisbridge, Ahmedabad- 380006, |
|
Date of Birth/Age : |
27.04.1956 |
|
Date of Appointment : |
24.06.1994 |
|
DIN No.: |
00221569 |
|
|
|
|
Name : |
Mr. Rajan Nalinkant Porecha |
|
Designation : |
Director |
|
Address : |
238, Urmikung Society, Navrangpura, Ellisbridge, Ahmedabad- 380006, |
|
Date of Birth/Age : |
13.09.1961 |
|
Date of Appointment : |
01.07.1993 |
|
DIN No.: |
00221498 |
KEY EXECUTIVES
|
Name : |
Mr. Manoj |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2011
|
Names of Shareholders |
No. of Shares |
|
Bakulaben Jagdishchandra Amin |
2699 |
|
Jaymal Jagdishchandra Amin |
2701 |
|
Tejalben Tusharbhai Patel |
2701 |
|
Master Rohan Jaymalbhai Amin |
897 |
|
Mira Finstock Private Limited, Ahmedabad, |
2726 |
|
Rameshchandra Rambhal Amin |
874 |
|
Shetal Samir Patel |
2701 |
|
Shrujal Sachin Patel |
2699 |
|
Subhashchandra Rambhal Amin |
2674 |
|
Achalaben Subhashchandra Amin |
930 |
|
Nirali Subhashchandra Amin |
2699 |
|
Vishal Subhashchandra Amin |
2699 |
|
Ushaben Dollarrai Porecha |
2428 |
|
Aartiben Shailendrabhai Porecha |
7023 |
|
Geetaben Narendrabhai Parekh |
2701 |
|
Eelaben Mehulbhai Sheth |
2699 |
|
Rajan Nalinkant Porecha |
4923 |
|
Shailee Rajan Porecha |
300 |
|
Atul Shantilal Adalia |
26 |
|
Manjari Rajan Porecha |
3900 |
|
Ronak Rajan Porecha |
3000 |
|
TOTAL |
54000 |
AS ON 24.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
10.00 |
|
Bodies corporate |
5.05 |
|
Directors or relatives of Directors |
84.95 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Pumps and Motors |
|
|
|
|
Products : |
v
Submersible Borewell Pumps and Motors from 4” to
10” upto 250 HP. v
Monoblock for Industrial and Agricultural
Applications v
Pumps for Household/ Domestic Pumps v
Waste Water/ Drainage Pumps v
Pimps and Motors as per Specifications v
Casting as per Drawings. v
Foundry: 1.
Haunter Automated Molding Line 2.
Statomat Automated Motor Winding 3.
CNC Machining 4.
ITW- Singnode Automated Conveyerized Packaging 5.
Buhler Aluminium Die- casting 6.
Automated Product Testing |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Pumps and Motor |
Nos. |
78000 |
60696 |
Note: The installed capacity has been certified by
management which the auditors have relied on without verification as this is a technical
matter.
GENERAL INFORMATION
|
Customers : |
v
Nirma v
Reliance v
Indian Oil v
Western Railways v
Jindal v
Lupin Agrochemicals v
Ranbaxy v
Zydus Cadila v
Indian Rayon |
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|
||||||||||||||||||||||||||||||
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No. of Employees : |
2000 (Approximately) |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of Baroda- Gandhi Road Branch, Gandhi Road, Ahmedabad- 380001, Gujarat, India. |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jhaveri Shah and Company Chartered Accountant |
|
Address : |
503, |
|
Tel. No.: |
91-79-26422767/ 30022776 |
|
Fax No.: |
91-79-30022677 |
|
E-Mail : |
|
|
Pan No.: |
AAIFP9887A |
|
|
|
|
Associates : |
·
Mira Finstock Private Limited ·
Mira Industries ·
Lubi Electricals Limited ·
Star Enterprises ·
Lubi Electronics ·
Tulsi Finance Corporation ·
Arvind Finance Corporation |
|
|
|
|
Subsidiaries : |
Paras Textile
Mills Limited CIN
No.:-U65910GJ1975PTC002674 |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.100/- each |
Rs. 7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
54000 |
Equity Shares |
Rs.100/-
each |
Rs. 5.400
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 |
5.400 |
5.400 |
6.750 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
502.239 |
401.332 |
297.030 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
507.639 |
406.732 |
303.780 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
47.735 |
20.453 |
0.536 |
|
|
2] Unsecured Loans |
108.541 |
71.449 |
68.141 |
|
|
TOTAL BORROWING |
156.276 |
91.902 |
68.677 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
1.694 |
|
|
|
|
|
|
|
|
TOTAL |
663.915 |
498.634 |
374.151 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
156.161 |
155.757 |
141.662 |
|
|
Capital work-in-progress |
0.000 |
3.759 |
0.592 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.200 |
6.200 |
6.200 |
|
|
DEFERREX TAX ASSETS |
3.043 |
1.504 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
386.748
|
300.548
|
172.748
|
|
|
Sundry Debtors |
157.192
|
172.328
|
93.658
|
|
|
Cash & Bank Balances |
55.860
|
103.472
|
73.335
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
325.139
|
217.909
|
134.346
|
|
Total
Current Assets |
924.939
|
794.257 |
474.087 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
244.513
|
305.727 |
162.965
|
|
|
Other Current Liabilities |
41.842
|
36.768
|
20.253
|
|
|
Provisions |
140.073
|
120.348
|
65.172
|
|
Total
Current Liabilities |
426.428
|
462.843 |
248.390 |
|
|
Net Current Assets |
498.511
|
331.414
|
225.697
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
663.915 |
498.634 |
374.151 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1353.111 |
1535.404 |
972.233 |
|
|
|
Other Income |
26.107 |
21.215 |
31.946 |
|
|
|
TOTAL (A) |
1379.218 |
1556.619 |
1004.179 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of Raw Material and stores and
spares parts |
956.985 |
1084.692 |
699.859 |
|
|
|
Manufacturing Expenses |
53.588 |
44.392 |
21.450 |
|
|
|
Purchases made for re-sale |
-- |
-- |
36.952 |
|
|
|
Payment to and Provision for Employees |
67.011 |
60.704 |
45.938 |
|
|
|
Administrative, Selling and General Expenses |
95.897 |
98.149 |
60.677 |
|
|
|
Loss on |
-- |
-- |
0.030 |
|
|
|
Increase/ Decrease in Stock |
-- |
-- |
0.274 |
|
|
|
TOTAL (B) |
1173.481 |
1287.937 |
865.180 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
205.737 |
268.682 |
138.999 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.400 |
11.321 |
11.877 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
191.337 |
257.361 |
127.122 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
35.250 |
28.528 |
22.278 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
156.087 |
228.833 |
104.844 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
53.605 |
77.052 |
38.605 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
102.482 |
151.781 |
66.239 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
363.811 |
276.359 |
212.657 |
|
|
|
|
|
|
|
|
|
|
Excess
Provision for Bonus |
-- |
-- |
0.063 |
|
|
|
Excess
Provision for Income Tax and FBT |
-- |
-- |
0.187 |
|
|
|
Excess
provision for Wealth Tax |
-- |
-- |
0.003 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.500 |
15.500 |
2.000 |
|
|
|
Proposed Dividend |
0.000 |
1.350 |
0.675 |
|
|
|
Tax on Dividend |
0.224 |
0.229 |
0.115 |
|
|
|
Transfer to Capital Redemption Reserve |
1.350 |
1.350 |
0.000 |
|
|
|
Premium on Buy Back |
0.000 |
45.900 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
454.219 |
363.811 |
276.359 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales of pumps, motors and spares |
246.739 |
264.403 |
186.508 |
|
|
TOTAL EARNINGS |
246.739 |
264.403 |
186.508 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
75.968 |
66.637 |
22.948 |
|
|
|
Stores & Spares |
0.000 |
1.690 |
0.562 |
|
|
TOTAL IMPORTS |
75.968 |
68.327 |
23.510 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1897.06 |
2803.50 |
981.32
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.43
|
9.75 |
6.60
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.54
|
14.90 |
10.78
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.40
|
24.05 |
17.03
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.56 |
0.35
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.15
|
1.36 |
1.04
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.17
|
1.72 |
1.91
|
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. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
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 |
No |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
Yes |
|
19. Payments terms |
No |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Creditors due small micro enterprises |
-- |
-- |
-- |
|
Creditors due others |
244.513 |
305.727 |
157.086 |
|
For Expenses |
-- |
-- |
5.879 |
|
TOTAL |
244.513 |
305.727 |
162.965 |
FINANCIAL RESULT
During the year
the Company has earned profit after tax of Rs 102.441 Millions and the same
have been carried to the Balance Sheet after declaring dividend of 25% and transferring
profit to General Reserve.
FORM 8
|
Corporate
identity number of the company |
U29199GJ1979PLC003389 |
|
Name of the
company |
LUBI SUBMERSIBLES LIMITED |
|
Address of the
registered office or of the principal place of business in |
Near Kalyan Mills, |
|
This form is for |
Modification of
Charge |
|
Charge
identification number of the charge to be modified |
90102734 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Bank of |
|
Nature of
instrument creating charge |
Supplemental Composite
Agreement of Hypothecation of Stock, Book-Debt and Moveable Machinery |
|
Date of
instrument Creating the charge |
26.09.2011 |
|
Amount secured by
the charge |
Rs. 95.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest @4.25% above base
rate i.e 15% p. a + additional 0.50% ROI for line of credit payable with
monthly rests Terms of repayment 12 months subject
to yearly review Margin 25% On Stock 25%Work In
Progress 25% Finished
Goods 50% On Book Debts 10% In The Form
Of Fixed Deposits Under Bank's Lien 100% For Disputed
Financial Guarantee Extent and operation of the charge To cover due repayment
discharge and redemption of secured facility a free gating to Rs 95.000
Millions together with interest under loan agreement on terms and condition
amended from time to time. |
|
Short particulars
of the property charged (Including location of the property) |
Stock of Raw
Material, Stock In Progress, Finished Goods, Consumables, Packing Material,
and Book Debts Situated At Near Kalyan Mills Naroda Road |
|
Date of
instrument modifying the charge |
18.08.2009 |
|
Particulars of
the present modification |
Total Additional
Credit Facility of Rs.35.000 Millions Making Aggregate Enhanced Credit
Facility of Rs.95.000 Millions Comprising of Cash Credit-Stock Cum Book Debt
Cum Inland Bill Purchase Cum Inland/Foreign Letter of Credit DP/DA (Usance 90
Days) of Rs 55.000 Millions And Inland Bank Guarantee of Rs.40.000 Millions. |
FIXED ASSETS
v Land and Building
o
Land- Vadsar
o
o
o
Boring
o
Water Tank
o
Boundary Wall
o
Road
v Plant and Machineries
o
Machineries
o
Electrical Generator
o
Testing Equipments
o
Tools and Equipments
o
Electrical Installation
o
Office Machine and
Equipments
o
Trolly and Carriers
o
Dies and Pattern
o
Air Conditioners
o
Vehicles
o
Computer Machine
o
Computer Software
o
Mobile Telephone
o
Telecom Machine
o
o
Electrical Fittings
o
Electric Transformer
v Furniture and Dead Stock
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. 55.14 |
|
|
1 |
Rs. 85.22 |
|
Euro |
1 |
Rs. 69.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
NO |
|
--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 |
|
46 |
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.