1. Summary Information
|
|
|
Country |
|
|
Company Name |
GIMPEX OVERSEAS PRIVATE LIMITED |
Principal Name 1 |
MR. OM PRAKASH BAHETI |
|
Status |
SATISFACTORY |
Principal Name 2 |
MS. RANJU BAHETI |
|
|
|
Registration # |
21-089409 |
|
Street Address |
209, |
||
|
Established Date |
14.05.1999 |
SIC Code |
-- |
|
Telephone# |
91-33-22835429 |
Business Style 1 |
MANUFACTURER
|
|
Fax # |
91-33-22804814 |
Business Style 2 |
DEALER |
|
Homepage |
Product Name 1 |
TEA
PROCESSING MACHINERY |
|
|
# of employees |
70
(APPROXIMATELY) |
Product Name 2 |
-- |
|
Paid up capital |
RS.7,507,500/- |
Product Name 3 |
-- |
|
Shareholders |
BODIES CORPORATE-33.37% DIRECTORS OR RELATIVES OF
DIRECTORS-66.63% |
Banking |
THE
FEDERAL BANK LIMITED |
|
Public Limited Corp. |
NO |
Business Period |
12 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
60,612,000
|
Current Liabilities |
39,708,000
|
|
Inventories |
4,862,000
|
Long-term Liabilities |
9,644,000 |
|
Fixed Assets |
8,215,000 |
Other Liabilities |
1,542,000
|
|
Deferred Assets |
0,000 |
Total Liabilities |
50,894,000 |
|
Invest& other Assets |
739,000 |
Retained Earnings |
16,027,000 |
|
|
|
Net Worth |
23,534,000 |
|
Total Assets |
74,428,000 |
Total Liab. & Equity |
74,428,000 |
|
Total Assets (Previous Year) |
65,081,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
92,577,000 |
Net Profit |
611,000 |
|
Sales(Previous yr) |
93,139,000 |
Net Profit(Prev.yr) |
643,000 |
|
Report Date : |
17.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
GIMPEX OVERSEAS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
209, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.05.1999 |
|
|
|
|
Com. Reg. No.: |
21-089409 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.507 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29130wb1999ptc089409 |
|
|
|
|
IEC No.: |
0299007570 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALG02126F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG18770A |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
manufacturer and dealer
of Tea processing Machinery. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 94000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are 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) |
|
|
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/ Factory : |
209, |
|
Tel. No.: |
91-33-22835429/ 22835430/ 30285431 |
|
Fax No.: |
91-33-22804814/ 22804114 |
|
E-Mail : |
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|
Website : |
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Area : |
1100 sq. ft. |
|
Location: |
Owned |
|
|
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Corporate Office: |
44/12 K B Sarani, Kolkata – 700 080, West |
|
Tel. No.: |
91-33-25593282 |
|
Area : |
4200 sq. ft. |
|
Location: |
Owned |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. |
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Designation : |
Director |
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Address : |
100, |
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Date of Birth/Age : |
23.05.1955 |
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Qualification : |
M. Tech (Mechanical Engineer) |
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Date of Appointment : |
14.05.1999 |
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|
00593665 |
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Other
Directorship :
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Name : |
Ms. Ranju Baheti |
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Designation : |
Director |
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Address : |
100, |
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Date of Birth/Age : |
10.12.1965 |
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Qualification : |
B.A |
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Date of Appointment : |
19.06.2000 |
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DIN No.: |
00593754 |
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Other Directorship :
|
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Name : |
Mr. Sanjay Raj Kumar Garodia |
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Designation : |
Additional Director |
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Address : |
2, |
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Date of Birth/Age : |
12.11.1969 |
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Date of Appointment : |
01.07.2010 |
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DIN No.: |
00686751 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
400200 |
|
Ranju Baheti |
|
100000 |
|
Online Trading and Consultants private
Limited, |
|
250550 |
|
Total
|
|
750750 |
As on 30.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies corporate |
|
33.37 |
|
Directors or relatives of directors |
|
66.63 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
manufacturer and dealer
of Tea processing Machinery. |
||||
|
|
|
||||
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Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Slow Speed Fibre Extractor Machine (SSFE) |
Not Applicable |
Not Applicable |
15 Nos. |
|
Trinick Sorter Cum Fibre Extractor Machine (TSFE) |
Not Applicable |
Not Applicable |
10 Nos. |
|
CTC Machine |
Not Applicable |
Not Applicable |
3 Nos. |
|
CFM Machine |
Not Applicable |
Not Applicable |
3 Nos. |
|
Conveyor Machine |
Not Applicable |
Not Applicable |
13 Nos. |
|
Vibro Green Leaf
Sifter |
Not Applicable |
Not Applicable |
2 Nos. |
|
Bucket Elevator |
Not Applicable |
Not Applicable |
2 Nos. |
GENERAL INFORMATION
|
Customers : |
v Kenya Tea Development Agency, v Eastern Produce
Kenya Limited v Karirana
Estates, v Rwenzori
Commodities, v Uganda Tea
Corporation, v Saran Agro
Investments, v Commonwealth
Development Corporation, v Toro and Mityona
(Mitchell Cotts Group), v George
Williamson, v Mufindi Tea
Company (Lonrho Group), v v Agricultural
Rural Development v Gumaro Tea
Development v Pussellawa
Plantations, v PTP VIII, v Assam Company
Limited, v Jayshree Tea and
Industries Limited, v Tata Tea
Limited, v Goodricke Group,
v M.K. Shah
Private Limited, v KDHP, |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
v
The Federal Bank Limited, Kolkata Overseas
Branch, 21 A Shakespeare Sarani, Kolkata – 700 017, West v
State bank
of v Yes Bank Limited v ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
--- |
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Financial Institution : |
BMW |
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Auditors : |
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Name : |
H. Kabra and Company Chartered Accountants |
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Address : |
P-41, |
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Tel. No.: |
91-33-22365308/ 22372582 |
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Income-tax
PAN of auditor or auditor's firm : |
AGGPK2880C |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
800000 |
Equity Shares |
Rs.10/- each |
Rs.8.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750750 |
Equity Shares |
Rs.10/- each |
Rs.7.507 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 |
7.507 |
7.507 |
7.237 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
16.027 |
15.118 |
12.065 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
23.534 |
22.625 |
19.302 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.644 |
5.754 |
4.307 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
9.644 |
5.754 |
4.307 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
33.178 |
28.379 |
23.609 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
8.215 |
6.192 |
6.679 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.739 |
0.679 |
0.679 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.862
|
9.003
|
4.541 |
|
|
Sundry Debtors |
23.963
|
16.163
|
7.699 |
|
|
Cash & Bank Balances |
14.605
|
11.495
|
10.378 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans, Advances & Deposits |
22.044
|
21.549
|
18.927 |
|
Total
Current Assets |
65.474
|
58.210
|
41.545 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
19.733
|
16.746
|
3.847 |
|
|
Other Current Liabilities |
19.975
|
18.094
|
19.905 |
|
|
Provisions |
1.542
|
1.862
|
1.542 |
|
Total
Current Liabilities |
41.250
|
36.702
|
25.294 |
|
|
Net Current Assets |
24.224
|
21.508
|
16.251 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
33.178 |
28.379 |
23.609 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
92.577 |
93.139 |
55.356 |
|
|
|
Service Charges Received |
0.000 |
0.091 |
0.184 |
|
|
|
Profit on |
0.000 |
0.035 |
0.011 |
|
|
|
Other Income |
1.447 |
1.392 |
1.714 |
|
|
|
TOTAL (A) |
94.024 |
94.657 |
57.265 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
70.190 |
74.388 |
41.573 |
|
|
|
Direct Expenses |
11.045 |
8.842 |
3.829 |
|
|
|
Administrative, Selling & Miscellaneous Expenses |
9.940 |
8.911 |
9.394 |
|
|
|
Loss on |
0.003 |
0.000 |
0.016 |
|
|
|
TOTAL (B) |
91.178 |
92.141 |
54.812 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.846 |
2.516 |
2.453 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.049 |
0.919 |
1.141 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.797 |
1.597 |
1.312 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.866 |
0.654 |
0.568 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.931 |
0.943 |
0.744 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.320 |
0.300 |
0.341 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.611 |
0.643 |
0.403 |
|
|
|
|
|
|
|
|
|
|
Income Tax Expenses |
0.003 |
0.000 |
0.014 |
|
|
|
Provision for Deferred Taxation Written Back |
0.392 |
0.049 |
0.000 |
|
|
|
Provision for Deferred Tax |
0.000 |
0.000 |
0.001 |
|
|
|
Provision for gratuity |
0.092 |
0.068 |
0.400 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
8.976 |
8.352 |
8.364 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
9.884 |
8.796 |
8.352 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
56.766 |
32.478 |
NA |
|
|
TOTAL EARNINGS |
56.766 |
32.478 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trade Goods |
23.845 |
46.609 |
NA |
|
|
TOTAL IMPORTS |
23.845 |
46.609
|
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.81 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.65 |
0.68
|
0.70 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.01 |
1.01
|
1.34 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.26 |
1.46
|
1.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.04
|
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.16 |
1.18
|
1.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.59 |
1.59
|
1.64 |
LOCAL AGENCY FURTHER INFORMATION
WORKING RESULTS:
The Company Net
Profit amounting to Rs.0.931 million for
the year. The same after providing for Income Tax being Rs.0.320 million has been carried to Balance
Sheet. The Directors do not recommend any dividend for the year.
FORM 8:
|
Corporate
identity number of the company |
U29130wb1999ptc089409 |
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|
Name of the
company |
GIMPEX OVERSEAS PRIVATE LIMITED |
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|
Address of the registered
office or of the principal place of
business in |
209, |
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|
This form is for |
Modification of
charge |
||||||
|
Charge identification
number of the modified |
80046027 |
||||||
|
Type of charge |
Immovable
property Book debts Movable property Floating charge |
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|
Particular of
charge holder |
|
||||||
|
Nature of
instrument creating charge |
(i) Letter of
Credit Agreement. (ii) Agreement
for Export Advances. (iii) Agreement
for Inland Letter of Credit. (iv) Single
Counter Guarantee. (v) Declaration
cum Undertaking. (vi) Letter in
Lieu of Re-deposit of Title Deeds-2 nos. (vii) Demand
Promissory Notes-4 nos. (viii) Security
Delivery Letters-4 nos. Altogether read
with Sanction Order No.2152/10, dated: 16.07.2010. |
||||||
|
Date of
instrument Creating the charge |
09.08.2010 |
||||||
|
Amount secured by
the charge |
Rs.70.000
Millions |
||||||
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest i) PCL, FDBP/
FUBP (LC) and FDBP/ FUBP (Order)*: 10.25% p.a. with monthly rests. ii) BD (LC)*: 10%
p.a. with monthly rests. iii) FLC/ILC/BG**:
18.5% p.a. with monthly rests. *Linked to Base
Rate/ **Card Rate Terms of
Repayment (i) Repayment
shall be lumpsum and on demand. (ii) The Credit
facility will be for a period of 12 months and are subject to annual review/
renewal, but the Bank will have the fullest liberty and discretion to extend
for such periods as the bank may deem fit or recall the facility at any time
during the continuance of the said credit facility. (iii) Interest
shall be paid on monthly basis. Margin As stipulated by
the Bank for the respective assets/ facilities from time to time. Presently on (i)
Stocks @25% and (ii) FLC/ ILC/ BG @ 25% (Cash Margin). Extent and
Operation of the charge (i) First charge
over all hypothecated and mortgaged assets/ properties of the Company. (ii) Credit
outstanding shall become payable on demand and lump sum and the Bank shall
also become entitled to procession of the securities hypothecated and sell
them and apply the sale proceeds towards the credit facilities and hold the
Borrower liable for the balance if any with interest. (iii) The overall
limit to be reviewed within 12 months. Others (i) Security
includes Corporate Guarantee (by way of equitable mortgage of landed
property) of Anchal Goods Private Limited, having its registered office at 7,
(ii) The overall
credit limit consists of following facilities:- PCL Rs.10.000 millions +
FDBP/ FUBP (under LC) Rs.15.000 millions [+ FDBP/ FUBP (Order) Sub-limit
Rs.2.500 millions] + BD (under LC) Rs.15.000 millions + FLC/ ILC/ BG
Rs.30.000 millions = Total Charge
Amount Rs.70.000 millions. |
||||||
|
Particulars of
the property charged |
Hypothecation of
stock of raw materials, stock-in-process, finished manufactured items, stock-in-trade,
stock of spares and packing materials, etc., meant for export Document of title
to goods/ usance bills evidencing export of machinery against LC's issued by
reputed banks/ confirmed orders. Document of title
to goods/ usance bills evidencing export of machinery against LC's issued by
reputed banks. Charge on goods
procured against LC/ BG + Counter Guarantee in case of BG with 25% cash
margin. EM of Flat No.96,
on the 3rd Floor of 'Karnani Estate', Premises No.209, AJC Bose Road,
Kolkata-700017, 595 sq.ft. super built-up area, Deed No.I-246 dated
04.01.2001, registered at ADSRO Sealdah. EM of Flat No.98,
on the 3rd Floor of 'Karnani Estate', Premises No.209, AJC Bose Road,
Kolkata-700017, 595 sq.ft. super built-up area, Deed No.I-245 dated
27.12.2000, registered at ADSRO Sealdah. EM of Flat No.97,
on the 3rd Floor of 'Karnani Estate', Premises No.209, AJC Bose Road,
Kolkata-700017, 595 sq.ft. super built-up area, Deed No.13757 of 2006, regd.
at Registrar of Assurance-Kolkata. |
||||||
|
Date of instrument
modifying the charge |
23.11.2009 |
||||||
|
Particulars of
the present modification |
By this
modification the overall amount of charge has been enhanced from Rs.67.150
millions to Rs.70.000 millions and all existing securities has been further extended
with detail of credit facilities as follows: PCL Rs.10.000 millions + FDBP/
FUBP (under LC) Rs.15.000 millions [+ FDBP/ FUBP (Order) Sub-limit Rs.2.500
millions] + BD (under LC) Rs.15.000 millions + FLC/ ILC/ BG Rs.30.000
millions = Total Limit Rs.70.000 millions. All other terms, conditions and
properties charged continue to remain as before in full and effect. |
FIXED ASSETS:
v
Technical Know How
v
v
Factory Shed
v
Office Premises
v
Plant and Machinery
v
Tools and Equipment
v
Air Conditioner
v
Computer and Computer Software
v
Fax Machine
v
Mobile Phone
v
Office Equipments
v
Electric Fan
v
Refrigerator
v
Xerox Machine
v
Furniture and Fixture
v
Motor Car
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.50.31 |
|
|
1 |
Rs.79.05 |
|
Euro |
1 |
Rs.65.83 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.