|
Report Date : |
03.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
CAPRICORN LOGISTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13 and 13A, Keytuo Industrial Estate, 220, Kondivita Road, Andheri
(East), Mumbai-400059, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
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|
|
|
Date of
Incorporation : |
17.10.2001 |
|
|
|
|
Com. Reg. No.: |
11-133716 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090MH2001PTC133716 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Providing Logistic Services (Forwarding Agent) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
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 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
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 : |
13 and 13A, Keytuo Industrial Estate, 220, Kondivita Road, Andheri (East),
Mumbai-400059, Maharashtra, India |
|
Tel. No.: |
91-22-40994099 / 66931882 / 66931885 |
|
Fax No.: |
91-22-66974307 / 28312424 / 40994199 |
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E-Mail : |
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|
Website: |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Ms. Sheetal Sadanand Shetty |
|
Designation : |
Managing Director |
|
Address : |
502, Corner Stone, Film City Road, Malad (East), Mumbai-400062,
Maharashtra, India |
|
Date of Birth/Age : |
01.01.1969 |
|
Date of Appointment : |
17.10.2011 |
|
DIN No.: |
01682503 |
|
|
|
|
Name : |
Mr. Sadanand Narayan Shetty |
|
Designation : |
Director |
|
Address : |
502, Corner Stone, Film City Road, Malad (East), Mumbai-400062,
Maharashtra, India |
|
Date of Birth/Age : |
16.03.1936 |
|
Date of Appointment : |
17.10.2011 |
|
DIN No.: |
01752063 |
|
|
|
|
Name : |
Mr. Thomas Alvares |
|
Designation : |
Director |
|
Address : |
Udayan 1B, 104, Opposite Ashok Nagar, Off Military Road, Marol Andheri
(East), Mumbai-400072, Maharashtra, India |
|
Date of Birth/Age : |
26.02.1971 |
|
Date of Appointment : |
17.10.2001 |
|
DIN No.: |
01752926 |
KEY EXECUTIVES
|
Name : |
Mr. Bhanupriya Parmeshwar Rao |
|
Designation : |
Secretary |
|
Address : |
320/5, Anand Nagar, 60 Feet Road, Bhayandar (West), Mumbai-401101,
Maharashtra, India |
|
Date of Birth/Age : |
03.07.1987 |
|
Date of Appointment : |
27.04.2010 |
|
Pan No.: |
ALHPR9008D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Sadanand N Shetty |
1625000 |
|
Heetal Shetty |
1750000 |
|
Thomas Alvars |
1125000 |
|
Kalian Nawpute |
400000 |
|
Kalpana Nawpute |
100000 |
|
Total |
5000000 |
AS ON 30.09.2010
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
90.00 |
|
Other top fifty shareholders |
10.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Logistic Services (Forwarding Agent) |
|
|
|
|
Services : |
Forwarding Agent |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House Senapati Bapat
Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India ·
Kotak Mahindra Bank Limited, 36-38A, Nariman
Bhavan, 227, D, Nariman Point, Mumbai-400021, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. K. Shetty and Associates Chartered Accountants |
|
Address : |
203, Lok Centre, Marol Maroshi Road, Andheri (East), Mumbai-400059, Maharashtra,
India |
|
Tel. No.: |
91-22-29206525 |
|
Telfax No.: |
91-22-29258519 |
|
E-Mail : |
|
|
Pan No.: |
AALFS5141D |
|
|
|
|
Associates : |
Capricorn Sky Wards Private Limited |
|
|
|
|
Associate and Investee Firm : |
Raj Clearing Agency |
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|
|
|
Subsidiary Company in Germany : |
Capricorn Logistics GmbH |
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|
|
|
Subsidiary Company in USA : |
Capricorn Logistics Inc |
|
|
|
|
100% Subsidiary Company in Hong Kong : |
Capricorn Logistics (Hong Kong) Private Limited |
|
|
|
|
100% Subsidiary Company in China : |
Capricorn Logistics (Shanghai) Private Limited |
|
|
|
|
100% Subsidiary Company in Singapore : |
Capricorn Global Logistics Pte. Limited |
|
|
|
|
Directors Interest Company : |
Capricorn Logistics LLC, Dubai |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000
Millions |
|
|
|
|
|
AS ON 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
50.000 |
50.000 |
50.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
233.402 |
163.073 |
118.465 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
283.402 |
213.073 |
168.465 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
309.902 |
310.493 |
174.535 |
|
|
2] Unsecured Loans |
10.654 |
57.786 |
33.548 |
|
|
TOTAL BORROWING |
320.556 |
368.279 |
208.083 |
|
|
DEFERRED TAX LIABILITIES |
0.729 |
0.867 |
0.498 |
|
|
|
|
|
|
|
|
TOTAL |
604.687 |
582.219 |
377.046 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
137.072 |
124.033 |
96.993 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
60.738 |
5.407 |
5.352 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
460.085
|
615.934 |
380.500 |
|
|
Cash & Bank Balances |
26.547
|
36.580 |
34.023 |
|
|
Other Current Assets |
6.310
|
4.623 |
4.087 |
|
|
Loans & Advances |
300.712
|
236.538 |
129.290 |
|
Total
Current Assets |
793.654
|
893.675 |
547.900 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
209.225
|
269.550 |
185.300 |
|
|
Other Current Liabilities |
46.486
|
71.718 |
10.153 |
|
|
Provisions |
131.066
|
99.628 |
77.748 |
|
Total
Current Liabilities |
386.777
|
440.896 |
273.201 |
|
|
Net Current Assets |
406.877
|
452.779 |
274.699 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
604.687 |
582.219 |
377.046 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2265.285 |
2441.022 |
1633.268 |
|
|
|
Other Income |
50.901 |
23.586 |
71.734 |
|
|
|
TOTAL (A) |
2316.186 |
2464.608 |
1705.002 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operational Expenses |
1807.433 |
1938.891 |
1364.091 |
|
|
|
Administrative Expenses |
331.489 |
357.388 |
166.395 |
|
|
|
TOTAL (B) |
2138.922 |
2296.279 |
1530.486 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
177.264 |
168.329 |
174.516 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
48.006 |
64.633 |
17.388 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
129.258 |
103.696 |
157.128 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
28.853 |
24.650 |
15.214 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
100.405 |
79.046 |
141.914 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
30.076 |
34.437 |
52.398 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
70.329 |
44.609 |
89.516 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
163.074 |
118.465 |
43.949 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to Share Capital |
0.000 |
0.000 |
15.000 |
|
|
BALANCE CARRIED
TO THE B/S |
233.403 |
163.074 |
118.465 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.07 |
8.92 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.04
|
1.81 |
5.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.43
|
3.24 |
8.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.79
|
7.77 |
22.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.37 |
0.84 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.50
|
3.80 |
2.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
2.03 |
2.01 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS AND
BUSINESS PERFORMANCE
The Company has
achieved a turnover of Rs. 2316.186 Millions compared to previous year's turnover
of Rs. 2464.608 Millions. Profit before tax is Rs. 100.404 Millions whereas
profit after tax is Rs. 70.329 Millions. The earning per share is Rs. 14.06 per
share.
AWARDS AND RECOGNITION:
The Company has
received award in the event of completing 1 lakh subscribers from Idea Cellular
Limited.
FUTURE OUTLOOK
As an integrated
supply chain services company the company is providing end to end logistics and
supply chain solutions across various industries vertical. The company is well
equipped to take benefit of the growing potential in logistics industry and is
hopeful of registering better performance in terms of Sales and Profitability
for the Year 2010-11.
The Directors are
optimistic regarding future of the Company, as the global cargo movements are
on increasing side and the need for clearing and forwarding and logistics
management is increasing day by day to avail the advantage of the situation.
INCORPORATION OF
SUBSIDIARY COMPANY
During the year,
Capricorn Logistics (Shanghai) Limited was incorporated in Shanghai as
wholly-owned subsidiary Company. However the subsidiary Company started its
business in April, 2010.
CONTINGENT
LIABILITIES NOT PROVIDED FOR: (AS ON 31.03.2010)
Head Office:
Counter Guarantee outstanding in respect of guarantee given by Bank on behalf
of the company - Rs.4.800 millions (Previous Year - Rs.2.150 millions).
Dubai Branch:
Bonds and Guarantee Rs. NIL (Previous Year- Rs.3.903 millions).
FORM 8
|
Corporate
identity number of the company |
U63090MH2001PTC133716 |
|
Name of the
company |
CAPRICORN
LOGISTICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
13 and 13A, Keytuo Industrial Estate, 220, Kondivita Road, Andheri (East), Mumbai-400059, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai-400021, Maharashtra, India |
|
Nature of
instrument creating charge |
1. Supplementry
Deed of Hypothecation. 2. Memorandum of Entry
for Mortgage by Constructive Delivery of Title Deeds. |
|
Date of
instrument Creating the charge |
02.09.2011 |
|
Amount secured by
the charge |
Rs. 420.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC / WCTL l / ll
- Floating over the tenure of the facility. WCDL - As per
banks policy. Terms of repayment WDCL - On demand
or completion of tenure of 180 days whichever is earlier. WCTL l / ll – 1.
Loan
shall be repaid by way of 48 / 60 EMIs starting from month following the
month of first disbursement of TL. 2.
EMIs
shall be recovered by ways of debit to current account of the Borrower with
the Bank. OR EMIs shall be recovered by banking PDCs on respective due dates. BG - Maximum 24
months including claim period Margin BG - Minimum cash
margin of 10% shall be provided upfront in the form of FD (100% cash margin
for guarantees covering disputed liabilities) Lien shall be marked
on the FD till such time as the BG is cancelled and returned to the Bank. Extent and operation of the charge 1. First and Pari
passu charge by way of Hypothecation of Current assets and Movable fixed
assets present and future of the Borrower, in favour of Kotak Mahindra bank
as security for repayment of financial facilities granted by the Bank to the
Borrower. 2. First and
exclusive charge by way of Mortgage on Immovable properties of the Company,
in favour of Kotak Mahindra bank as security for repayment of financial
facilities granted by the Bank to the Company. |
|
Short particulars
of the property charged (Including location of the property) |
The whole of
Borrower's Current assets and Movable fixed assets, both present and future
as described in Schedule to the Supplementary Deed of Hypothecation. All that piece
and parcel of Unit No.13 and 13A,G Floor, Keytuo Industrial Estate, at
220,Kondivita village Road., Andheri (East) Mumbai - 400 059 Flat No.502,
situated on the 5th floor, Corner Stone Co-operative Housing Society Limited,
Near Dindoshi Bus Depot, Goregaon (East), Mumbai - 40063. Flat No.301 and
303, situated on the 3rd Floor, Jayant Apartment D wing, Jayant Premises
Co-operative Housing Society Limited, at Sahar Road, Andheri (East) Mumbai-400099,
Office No. 506
adms. 984 sq. ft., situated on the 5th floor, Metrohouse, Plot No. B, of
Village Ghorpadi, Pune, Flat No. B-46 and
B-47, adms. 1310 sq. ft., situated on the 4th Floor, Western Village Building
No. B and C Apartment, Village Kothrud, Pune, more particularly described in
(Part 1) Schedule B to the MOE. Plot
No.L-121/-A/1, adms.6827 m2, situated within the Village Panchayat of limits
of Nagoa, Taluka and Sub District of Salcete, South Goa District Plot of land No.
IX, adms.1520 m 2, situated within the Village Panchayat of limits of Nagoa,
Taluka and Sub District of Salcete, South Goa District Office No.
S-206,207,208 adms.965 sq. ft., 2nd floor, Prestige Terminus Complex,
situated at Civil Aviation Road, Konena Agrahara, Bangalore Office No.603
adms.6748 sq. ft., 6th floor, Western Edge-l, situated at City S.No.165 and
163A of Village Magathane, Dattapada Road, Borivali (East) |
|
Charge
identification number of the charge to be modified |
10243073 |
|
Date of
instrument modifying the charge |
23.08.2011 |
|
Particulars of
the present modification |
The Bank had
granted facilities of Rs.300.000 Millions to the Company which was secured by
way of hypothecation on Current assets and Movable fixed assets and Mortgage
of Immovable properties of the Company on 23/08/2010. Said charge was
modified on 15.09.2010, 15.06.2011, 18.08.2011, 20.08.2011 and 23.08.2011.
Now bank has granted additional financial facility of Rs.30.000 Millions to
the Company and the said charge is modified and extended to the increased
total facilities of Rs.420.000 Millions. |
FIXED ASSETS
·
Office Premises
·
Air Conditioner
·
Water Purifier
·
Mobile Instruments
·
Refrigerator
·
Telephone Instruments
·
Typewriters
·
Weighing Scale
·
Swipe Card Machine
·
Stabilizer
·
Office Equipments
·
Projector
·
Coffee Maker
·
Fax Machine
·
Xerox Machine
·
Television Set
·
Electrical Equipments
·
Connector
·
Cooler
·
Fans
·
Generator
·
Oven
·
Radio
·
Fire Extinguisher
·
Furniture and Fixtures
·
Computer
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. 49.35 |
|
|
1 |
Rs. 78.68 |
|
Euro |
1 |
Rs. 65.62 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
|
48 |
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.