1. Summary Information
|
|
|
Country |
|
|
Company Name |
SHREE TUBE MANUFACTURING COMPANY PRIVATE LIMITED |
Principal Name 1 |
Mr. Shrinivas Laxminarayan Rathi |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Shyamsunder Laxminarayan Rathi |
|
|
|
Registration # |
|
|
Street Address |
D – 4 MIDC, Waluj, Aurangabad – 431136, Maharashtra, India |
||
|
Established Date |
07.05.1987 |
SIC Code |
-- |
|
Telephone# |
91-240-2564084 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-240-2555867 |
Business Style 2 |
- |
|
Homepage |
Product Name 1 |
Stainless Steel Pipes |
|
|
# of employees |
-- |
Product Name 2 |
Scrap and Pieces |
|
Paid up capital |
Rs.2,500,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or Relatives of Directors- 100% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
25 years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
98,836,000 |
Current Liabilities |
59,540,000 |
|
Inventories |
45,402,000 |
Long-term Liabilities |
25,340,000 |
|
Fixed Assets |
12,883,000 |
Other Liabilities |
258,000 |
|
Deferred Assets |
-- |
Total Liabilities |
85,138,000 |
|
Invest& other Assets |
1,961,000 |
Retained Earnings |
71,444,000 |
|
|
|
Net Worth |
73,944,000 |
|
Total Assets |
159,082,000 |
Total Liab. & Equity |
159,082,000 |
|
Total Assets (Previous Year) |
129,983,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
293.277.000 |
Net Profit |
16.883.000 |
|
Sales(Previous yr) |
237,241,000 |
Net Profit(Prev.yr) |
11,885,000 |
|
Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHREE TUBE MANUFACTURING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
D – 4 MIDC, Waluj, Aurangabad – 431136, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
07.05.1987 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.500 Millions |
|
|
|
|
CIN No.: |
U27100MH1987PTC043405 |
|
|
|
|
Com. Reg. No.: |
043405 |
|
|
|
|
IEC No.: |
0397070977 |
|
|
|
|
TAN No.: (Tax Deduction & Collection Account No.) |
NSKS06127C |
|
|
|
|
PAN No.: (Permanent Account No.) |
AADCS2787A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Stainless Steel Tube and Pipes |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 295776 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well 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 (30.09.2011) |
Current Rating (31.12.2011) |
|
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 / Factory : |
D – 4 MIDC, Waluj, Aurangabad – 431136, Maharashtra, India |
|
Tel. No.: |
91-240-2564084 |
|
Fax No.: |
91-240-2555867 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
7000 Sq. ft |
|
Location : |
Leased |
|
|
|
|
MUMBAI
CONTACT : |
71 B, Bada Mandir Compound, Oppsite 1st Panjarapole Lane,
Mumbai- 400004. |
DIRECTORS
As On : 23.09.2011
|
Name : |
Mr. Shrinivas Laxminarayan Rathi |
|
Designation : |
Chairman |
|
Address : |
Aadiya Plot No.76 – A No – 1, CIDCO, Aurangabad-431003, Maharashtra, India |
|
Date of Birth/Age : |
09.12.1954 |
|
Date of Appointment : |
07.09.1987 |
|
DIN No : |
00073475 |
Directorship in
Other Companies :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U27100MH1987PTC043405 |
SHREE TUBE MANUFACTURING
COMPANY PRIVATE LIMITED |
Managing
director |
07/09/1987 |
07/09/1987 |
- |
Active |
NO |
|
Name : |
Mr. Shyamsunder Laxminarayan Rathi |
|
Designation : |
Director |
|
Address : |
Aadiya Plot No.76 – A No – 1, CIDCO, Aurangabad-431003, Maharashtra, India |
|
Date of Birth/Age : |
13.09.1948 |
|
Date of Appointment : |
21.08.2003 |
|
DIN No : |
00073477 |
Directorship in
Other Companies :
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U27100MH1987PTC043405 |
SHREE TUBE
MANUFACTURING COMPANY PRIVATE LIMITED |
Director |
21/08/2003 |
21/08/2003 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Shrinivas Laxminarayan Rathi |
|
9438 |
|
Badkul Laxmichand Subhaschand |
|
10 |
|
Rathi Nandlal Badriprasad |
|
600 |
|
Shyamsunder Laxminarayan Rathi |
|
4895 |
|
Rameshchandra Laxminarayan Rathi |
|
501 |
|
Kishorilal Laxminarayan Rathi |
|
4714 |
|
Subhashchandra Laxminarayan Rathi |
|
501 |
|
Somani Harinarayan Rajesh |
|
500 |
|
Rathi Nandlal Gulabchand |
|
200 |
|
Malpani Hemraj Kamal |
|
1 |
|
Jugalkishor Laxminarayan Rathi |
|
1400 |
|
Laxminarayan Rathi |
|
75 |
|
Rathi Shrinivas Saroj |
|
665 |
|
Rathi Shyamsunder Savitri |
|
800 |
|
Rathi Jugalkishor Sharda |
|
100 |
|
Loya Motilal Jaynarayan |
|
100 |
|
Rathi Kishorilal Suman |
|
100 |
|
Rathi Vishal Shyamsunder |
|
400 |
|
Total |
|
25000 |
AS ON 23.09.2011
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Stainless Steel Tube and Pipes |
|
|
|
|
Products : |
Stainless Steel Tubes and Pipes |
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Stainless Steel Pipes |
Kg |
NA |
2400000 |
2183440 |
|
Scrap and Pieces |
Kg |
NA |
-- |
86197 |
GENERAL INFORMATION
|
Bankers : |
·
State Bank of India, Industrial Finance Branch, Jaggi’s
Builging, Kranti Chowk, Jalna Road, Aurangabad-431005, Maharashtra, India ·
ICICI Bank |
||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. H. Malpani and Company Chartered Accountant |
|
Address : |
208, 1ST Floor, Arhat Market, Mondha Road, Aurangabad-430110, Maharashtra, India |
|
Tel. No.: |
91-240-2353429/2344233 |
|
|
|
|
Associates/Subsidiaries
: |
NIL |
CAPITAL STRUCTURE
As On : 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs. 100/- each |
Rs. 2.500
millions |
|
|
|
|
|
Note : (of these shares 426 shares are allotted to
one of the Directors as fully paid up in consideration of transfer of leasehold
land in MIDC, Waluj, Aurangabad to the company)
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 |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
71.444 |
55.287 |
43.402 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
73.944 |
57.787 |
45.902 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
21.543 |
21.781 |
9.624 |
|
|
2] Unsecured Loans |
3.797 |
4.870 |
5.676 |
|
|
TOTAL BORROWING |
25.340 |
26.651 |
15.300 |
|
|
DEFERRED TAX LIABILITIES |
0.258 |
0.363 |
0.459 |
|
|
|
|
|
|
|
|
TOTAL |
99.542 |
84.801 |
61.661 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.883 |
11.911 |
11.189 |
|
|
Capital work-in-progress |
1.814 |
0.570 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.147 |
0.147 |
0.147 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
45.402
|
23.338
|
7.263 |
|
|
Sundry Debtors |
82.526
|
72.714
|
57.854 |
|
|
Cash & Bank Balances |
5.415
|
10.330
|
8.637 |
|
|
Other Current Assets |
2.560
|
2.693
|
0.866 |
|
|
Loans & Advances |
8.335
|
8.280
|
4.953 |
|
Total
Current Assets |
144.238
|
117.355
|
79.573 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
46.595
|
32.807
|
23.157 |
|
|
Other Current Liabilities |
0.909
|
4.702
|
0.996 |
|
|
Provisions |
12.036
|
7.673
|
5.095 |
|
Total
Current Liabilities |
59.540
|
45.182
|
29.248 |
|
|
Net Current Assets |
84.698
|
72.173
|
50.325 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
99.542 |
84.801 |
61.661 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
293.277 |
237.241 |
201.912 |
|
|
|
|
Other Income |
6.483 |
4.411 |
4.473 |
|
|
|
|
TOTAL (A) |
299.760 |
241.652 |
206.385 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials |
237.513 |
198.183 |
164.858 |
|
|
|
|
Manufacturing Expenses |
0.062 |
0.061 |
10.041 |
|
|
|
|
Employees Remuneration |
11.682 |
8.437 |
8.026 |
|
|
|
|
Increase/(Decrease) in Stock |
(8.900) |
(7.817) |
(1.579) |
|
|
|
|
Increase/(Decrease) in |
0.000 |
0.000 |
(0.128) |
|
|
|
|
Selling and Distribution Expenses |
5.459 |
4.275 |
2.900 |
|
|
|
|
Administrative Expenses |
2.496 |
3.051 |
4.409 |
|
|
|
|
Manufacturing Expenses |
18.972 |
12.698 |
|
|
|
|
|
TOTAL (B) |
267.284 |
218.888 |
188.527 |
|
|
|
|
|
|
|
||
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
32.476 |
22.764 |
17.858 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
3.963 |
2.528 |
3.784 |
||
|
|
|
|
|
|
||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.513 |
20.236 |
14.074 |
||
|
|
|
|
|
|
||
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.361 |
2.223 |
2.476 |
||
|
|
|
|
|
|
||
|
|
PROFIT BEFORE
TAX (E-F) (G) |
26.152 |
18.013 |
11.598 |
||
|
|
|
|
|
|
||
|
Less |
PREVIOUS YEAR
ADJUSTMENT |
0.008 |
(0.260) |
0.003 |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
9.261 |
6.388 |
4.101 |
||
|
|
|
|
|
|
||
|
|
PROFIT AFTER TAX
(G-H) (I) |
16.883 |
11.885 |
7.494 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
51.622 |
39.737 |
32.243 |
||
|
|
|
|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
0.250 |
0.000 |
0.000 |
|
|
|
|
Dividend |
0.625 |
0.000 |
0.000 |
|
|
|
|
Tax on Dividend |
0.101 |
0.000 |
0.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
67.529 |
51.622 |
39.737 |
||
|
|
|
|
|
|
||
|
|
IMPORTS VALUE |
NA |
28.163 |
37.863 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
675.33 |
475.37 |
299.77 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.63
|
4.92
|
3.63 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.91
|
7.59
|
5.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.64
|
13.93
|
12.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.31
|
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.15
|
1.25
|
0.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.42
|
2.60
|
2.72 |
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 |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter's background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
-- |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if
applicable) |
-- |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
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 |
OPERATIONS
The company during the year has earned a Net Profit of Rs.26.150 millions
as against last year Rs. 18.012 millions. The company is trying to diversify
and increased the business activities.
FORM 8
|
Corporate
identity number of the company |
U27100MH1987PTC043405 |
|
Name of the
company |
SHREE
TUBE MANUFACTURING COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
D – 4 MIDC, Waluj,
Aurangabad – 431136 |
|
This form is for |
Modification of charge |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Personal Gurantees of Directors and Others |
|
Particular of
charge holder |
State Bank of India, Industrial Finance Branch, Jaggi’s Builging,
Kranti Chowk, Jalna Road, Aurangabad-431005, Maharashtra, India |
|
Nature of
instrument creating charge |
1.
Supplemental Agreement of Loan-Cum-Hypothecation 2.
Memorandum for recording extension of mortgage by Deposit of Title Deeds
covering enhanced limiitd 3.
Letter of Arrangement 4.
Guarantee Agreement |
|
Date of
instrument Creating the charge |
28.06.2011 |
|
Amount secured by
the charge |
Rs. 68.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC -
Int @5.25% above base rate which is presently 9.25%p.a. PER 14.50% with
monthly rests TL -
Int @6.50% above base rate which is presently 9.25%p.a. PER 15.75% with
monthly rests Terms of
repayment CC -
Repayable on Demand TL -
I as per earlier sanction TL
II - repayment in 6 monthly installments of Rs 105000/- plus applicable
interest repayment in 41 monthly
installments of Rs 126000/- plus applicable interest repayment
in 1 monthly installments of Rs 204000/- plus applicable interest Margin Raw Materials : Imported : 25%, Raw Materials Indigenous -
25%, SFG - 33.33%, Finished Good - 33.33%, Components / consumables/ spares -
33.33%, Domestic receivables (61days) - 40%, Export packing credit - 10%,
Term Loan - 15%, Letter of credit - 20%, Bank guarantees - 20% Extent and
operation of the charge Exclusive
first charge on the fixed as well as current assets of the Company Other Personal
guarantee of Mr. Shriniwas L. Rathi, Mr. Shyamsunder L. Rathi, Directors of
the Company and Third party guarantees of Dr. Ramesh G. Malani, Dr.
Subhashchandra L. Rathi |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
of raw materials, SFG, FG, Consumables and book debts and Hyp. of plant &
machinery purchased out of Term Loan sanctioned Extension
of equitable mortgage property situated at Plot No D-4, MIDC Waluj, Waladgaon
Dist Aurangabad owned by Company adm 5346 Sq mtrs Extension
of equitable mortgage property situated at Plot No B-39, MIDC Waluj, Waladgaon
Dist Aurangabad owned by Company adm 1701 Sq mtrs |
FIXED ASSETS
·
Leasehold Land
·
Building
·
Office Building
·
Plant and Machinery
·
Factory Equipments
·
Computer
·
Furniture
·
Vehicles
·
Office Equipments
·
Software Expenses
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.52.93 |
|
|
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Report Prepared
by : |
SHG |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.