PRELIMINARY REPORT
|
Report Date : |
21.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHREE N M ELECTRICALS LIMITED |
|
|
|
|
Registered Office : |
45/47, Lohar Chawl, Mumbai 400002, |
|
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Country : |
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|
Financials (as on) : |
31.03.2009 |
|
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|
|
Date of Incorporation : |
09.07.2004 |
|
|
|
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Com. Reg. No.: |
147418 |
|
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|
|
CIN No.: [Company
Identification No.] |
U52334MH2004PLC147418 |
|
|
|
|
Legal Form : |
Closely held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Distributor of Cables, Motors, Diesel Gensets and other Industrial
Electricals |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1037324 |
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|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed company having fine
track. Trade relations are
fair. General financial position is
satisfactory. Payments are reported as
usually correct and as per commitments. The company can be considered good for normal 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Brijnandan H Mundhra |
|
Designation : |
Director |
|
Date : |
19.10.2010 |
LOCATIONS
|
Registered Office : |
45/47, Lohar Chawl, Mumbai 400002, |
|
|
Tel. No.: |
91-22-67494748 / 22194748 |
|
|
Fax No.: |
91-22-22063134 |
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E-Mail : |
||
|
Website : |
||
|
Area : |
4500sq.fts |
|
|
Locations : |
Owned |
|
|
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|
|
|
Distribution Outlets : |
Chennai
Pune Tele Fax: 91-20-24431344
Vadodara Vapi Tele Fax: 91-260-2420669 |
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|
|
|
|
|
Representative Offices: |
Goa Tele Fax :91-832-2314636 Mobile No.: 91-9326103113 Kolkatta International
Division Tele Fax::91-22-26437685 |
|
DIRECTORS
[As on 30.09.2009]
|
Name : |
Mr. Harivallabh Mundhra |
|
Designation : |
Director |
|
Address : |
91, Sunita, Cuffe Parade, Mumbai 400005, |
|
Date of Birth/Age : |
19.10.1954 |
|
Date of Appointment : |
09.07.2004 |
|
|
|
|
Name : |
Mr. Shreevallabh Mundhra |
|
Designation : |
Director |
|
Address : |
91, Sunita, Cuffe Parade, Mumbai 400005, |
|
Date of Birth/Age : |
03.03.1959 |
|
Date of Appointment : |
09.07.2004 |
|
|
|
|
Name : |
Mr. Brijnandan H Mundhra |
|
Designation : |
Director |
|
Address : |
92, Sunita, Cuffe Parade, Mumbai 400005, |
|
Date of Birth/Age : |
12.12.1957 |
|
Date of Appointment : |
21.01.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
[As on 30.09.2009]
|
Names of Shareholders |
|
No. of Shares |
|
Harivallabh Mundhra |
|
188900 |
|
Shreevallabh Mundhra |
|
2055870 |
|
Brijnandan H Mundhra |
|
98410 |
|
Shree N M Electricals ( |
|
163780 |
|
Harivallabh Mundhra (HUF) |
|
2150230 |
|
Kamladevi Mundhra |
|
25250 |
|
Kiran Mundhra |
|
150 |
|
Nupur Mundhra |
|
100 |
|
Supriya Mundhra |
|
100 |
|
Total |
|
4682790 |
Preference Shares [As on 30.09.2009]
|
NAME OF SHARE
HOLDER |
NO OF SHARES |
|
Akhil Bharatiya Pushtimargiya |
3240 |
|
Madhukanta R Mehta |
11130 |
|
R Plyarellal Private Limited |
1495600 |
|
Ilapatel (HUF) |
27930 |
|
Brubihari Dye PTG Works |
7760 |
|
Ghanshyam Naik |
10530 |
|
Giri SALES |
4080 |
|
Jivanlal H Damani |
22760 |
|
Kalindi |
100300 |
|
Krishnadevi Mundhra |
207510 |
|
Rajul Parag Merchant |
8900 |
|
Mfena B Patel |
31990 |
|
Namrata Mundhra |
39000 |
|
Neha Mundhra |
46000 |
|
Vla Naik |
9520 |
|
N1rmala Mundhra |
71000 |
|
Nupurh Mundhra |
39900 |
|
Hushpadevi Mundhra |
40000 |
|
R Mandelia |
150 |
|
Priti Ranjit Sampat |
38510 |
|
Nilesh R Mehta |
21320 |
|
Ndira KamaIa |
3500 |
|
Sadapurnadevi Mundhra |
2500 |
|
Saroj Damani |
9390 |
|
N K Corporation |
3500 |
|
Shreekant Shah |
3070 |
|
Shruti Mundhra |
31500 |
|
V K Udyog |
1720 |
|
Susheela Bagadia |
10000 |
|
Uma Sharma |
6350 |
|
Vanita vikas Nidhi |
18330 |
|
Meera Muzumdar |
38270 |
|
Kamala D Muzumdar |
25770 |
|
Chaitanya Poly chemicals Private Limited |
13500 |
|
Chandandevi Bagri |
32330 |
|
Brindavan Das Mundhra |
100000 |
|
Haresh £Ou Estates Private Limited |
1466890 |
|
Ranjit G Sampat |
10000 |
|
Neuton |
18050 |
|
Utron Industries |
14030 |
|
K D Mundhra Huf |
9500 |
|
Mahesh Kantilal Pandhi |
2910 |
|
Chaitanya Fibers |
25000 |
|
Basantkumar D Kabra |
3760 |
|
Madhusudan Basant Huf |
7790 |
|
Krishna Gran Marbles Private Limited |
5810 |
|
Jainsons finvest Limited |
4940 |
|
Kishore L Shah |
1530 |
|
Bhangvandas Laxmichand |
6500 |
|
Vtshnuprasad M Poddar |
11050 |
|
Ramswaroop Varma |
11050 |
|
Narayan Prasad Lalchotia |
11050 |
|
Pooja Mukesh Shah |
6010 |
|
Nandkishore Rathi |
1470 |
|
Smita M Shah |
9380 |
|
Tulsidas G Sampat Huf |
6500 |
|
Brijmohan Mundhra |
40000 |
|
Pooja Taparia |
70000 |
|
Chaitanya Impogenix |
85000 |
|
Suprasad Invests and Trdg Company Limited |
11640 |
|
Nilesh Trivedi |
10370 |
|
Jayantilal M Vaidya |
10370 |
|
Gracy Miranda |
10370 |
|
Chandrakant N Mehta |
10370 |
|
Tara Tulsidas Sampat |
6500 |
|
Nalini Krisnaraj Sampat |
3500 |
|
Rashmi R Sampat |
14000 |
|
Rawal and Sons |
30810 |
|
Krishnaraj G Sampat Huf |
37510 |
|
Sandeep Taparia |
56730 |
|
Nandakishore Taparia |
56730 |
|
Shree Subh Laxmi Fabrics Private Limited |
27960 |
|
Subhlaxmi Chem Private Limited |
27960 |
|
Nandakishore Taparia and Sons (Huf) |
28360 |
|
Sitadevi Taparia |
28360 |
|
Mahesh Kumar Agarwal (Huf) |
40000 |
|
Meera A Agarwal |
20000 |
|
Chandadevi Bahety |
4270 |
|
Bishnukumar Bahety |
6410 |
|
Raghavi Nanji |
14180 |
|
Suprasad Inv Trading Company Limited |
111180 |
|
Dakshina Properties Private Limited |
27680 |
|
Keshavbkgadgil |
6970 |
|
Bharat Containers Private Limited |
3000 |
|
Chaitanya Impogenix |
34040 |
|
Rashmi R Sampat |
30000 |
|
Total |
5034350 |
|
Equity Share
Break-up [As on 30.09.2009] |
|
Percentage of
Holding |
|
Bodies Corporate |
|
3.50 |
|
Directors or relatives of the Directors |
|
96.50 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributor of Cables, Motors, Diesel Gensets and other Industrial
Electricals |
|
|
|
|
Products : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30 days) |
|
|
|
|
Purchasing : |
Cash, Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
|
|
|
|
|
No. of Employees : |
1000 |
|
|
|
|
Bankers : |
State Bank of |
|
|
|
|
Facilities : |
Cash Credit –
Rs.482.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D. S. K. Associates Chartered Accountants |
|
Address : |
19, Andheri Universal Industrial Premises, 57, |
|
Tel No.: |
91-22-26707188 |
|
Fax No.: |
91-22-26289672 |
CAPITAL STRUCTURE
AS ON 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
6100000 |
Equity Shares |
Rs. 10/- each |
Rs. 61.000 Millions |
|
7000000 |
Preference Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
|
|
Total |
|
Rs. 131.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4682790 |
Equity Shares |
Rs. 10/-
each |
Rs. 46.827
Millions |
|
5034350 |
Preference Shares |
Rs. 10/-
each |
Rs. 50.344
Millions |
|
|
Total |
|
Rs. 97.171 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2010 |
|
Sales Turnover (Approximately) |
|
|
3150.000 |
Expected Sales (2010-2011) : Rs.3250.000 millions
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
97.171 |
97.171 |
97.171 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
162.160 |
130.529 |
76.902 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
259.331 |
227.700 |
174.073 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
257.813 |
178.072 |
35.192 |
|
|
2] Unsecured Loans |
3.268 |
6.446 |
76.877 |
|
|
TOTAL BORROWING |
261.081 |
184.518 |
112.069 |
|
|
DEFERRED TAX LIABILITIES |
3.080 |
3.715 |
2.771 |
|
|
|
|
|
|
|
|
TOTAL |
523.492 |
415.933 |
288.913 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
67.866 |
69.573 |
49.875 |
|
|
Capital work-in-progress |
19.791 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.115 |
0.115 |
0.065 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
222.867
|
367.222 |
218.829 |
|
|
Sundry Debtors |
554.391
|
650.064 |
487.206 |
|
|
Cash & Bank Balances |
13.873
|
16.182 |
12.156 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
263.055
|
220.927 |
146.141 |
|
Total
Current Assets |
1054.186
|
1254.395 |
864.332 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
497.507
|
806.312 |
564.244 |
|
|
Other Current Liabilities |
21.145
|
22.778 |
46.887 |
|
|
Provisions |
99.813
|
79.060 |
14.228 |
|
Total
Current Liabilities |
618.465
|
908.150 |
625.359 |
|
|
Net Current Assets |
435.721
|
346.245 |
238.973 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
523.492 |
415.933 |
288.913 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3129.261 |
3139.352 |
2813.167 |
|
|
|
Other Income |
31.908 |
26.833 |
13.348 |
|
|
|
TOTAL (A) |
3161.169 |
3166.185 |
2826.515 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
2916.154 |
2905.642 |
2616.695 |
|
|
|
Employee Cost |
29.455 |
19.793 |
14.162 |
|
|
|
Selling Expenses |
77.929 |
78.066 |
56.899 |
|
|
|
Other Expenses |
42.997 |
40.593 |
32.701 |
|
|
|
TOTAL (B) |
3066.535 |
3044.094 |
2720.457 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
94.634 |
122.091 |
106.058 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
31.595 |
26.031 |
14.611 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
63.039 |
96.060 |
91.447 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.781 |
8.571 |
6.089 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
53.258 |
87.489 |
85.358 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
19.860 |
32.072 |
32.722 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
33.398 |
55.417 |
52.636 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
130.529 |
76.902 |
26.010 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Preferences Dividend |
1.510 |
1.510 |
1.510 |
|
|
|
Tax on Dividend |
0.257 |
0.280 |
0.233 |
|
|
BALANCE CARRIED
TO THE B/S |
162.160 |
130.529 |
76.903 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.34 |
0.57 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
1.06
|
1.75 |
1.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.70
|
2.79 |
3.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.75
|
6.61 |
9.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.38 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.39
|
4.79 |
4.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70
|
1.38 |
1.38 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
Rs.
In Millions 31.03.2009 |
Rs.
In Millions 31.03.2008 |
Rs.
In Millions 31.03.2007 |
|
Sundry Creditors |
20.789 |
27.113 |
31.538 |
|
Advanced from Customers |
476.718 |
779.199 |
531.706 |
Note:
The situation of the registered office of the company was changed from
55,
Form 8
|
This Form is for |
Modification of charge |
|
Charge
identification number of the charge to be modified |
80032073 |
|
Corporate
identity number of the company |
U52334MH2004PLC147418 |
|
Name of the
company |
SHREE N. M. ELECTRICALS
LIMITED |
|
Address of the
registered office or of the principal place of business in |
Mumbai 400002, |
|
Type of charge |
Book debts Movable Property |
|
Particular of
charge holder |
State Bank of Commercial
Branch, NGN Vaidya Marg, Fort, Mumbai 400023, |
|
Nature of
description of the instrument creating or modifying the charge |
A.
First
supplemental agreement of loan for increase in the overall limit B.
First
supplemental Agreement of hypothecation of goods and assets for increase in
the overall limit |
|
Date of
instrument Creating the charge |
21.05.2007 |
|
Amount secured by
the charge |
Rs. 355.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
NA |
|
Short particulars
of the property charged |
All P and F
goods, B.D and all other movable assets of the borrower including documents
of title to the goods outstanding moneys, receivable inclusive receivables by
way of cash assistance and/or cash incentives under the cash incentive scheme
or any other scheme claims inclusive claims by way of refund of customs
excise duties under the duty draw back credit scheme or any other scheme
bills documents contracts, insurance policies, gtees, engagements, securities
investment and rights and the present and all future machinery |
|
Date of latest
modification prior to the present modification |
NA |
|
Particulars of the
present modification |
The original
charge was created on 08.03.2006 for Rs. 203.700 Millions. Now by the present modification dated
21.05.2007 the limit increased from Rs. 203.700 Millions to Rs. 355.000
Millions. |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80032073 |
|
Corporate
identity number of the company |
U52334MH2004PLC147418 |
|
Name of the
company |
SHREE N. M.
ELECTRICALS LIMITED |
|
Address of the registered
office or of the principal place of
business in |
45/47, Lohar Chawl, Mumbai 400002, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
STATE BANK OF |
|
Nature of description
of the instrument creating or modifying the charge |
No
Instrument. Memorandum of Deposit For
Creation of Further Charge For Term Loan Overall Limit Where The Initial
Charge Is Created By Way Of Mortgage By Deposit of Title Deeds |
|
Date of instrument
Creating the charge |
20/05/2009 |
|
Amount secured by
the charge |
Rs.482.000
Millions |
|
Short particulars
of the property charged |
All P and F
Goods, B. D. and All Other Movable Assets Of The Borrower Incl. Docs. Of Title
To The Goods, Outstanding Moneys, Reciv. Incl. Receivables By Way Of Cash
Assistance and /Or Cash Incentives Under The Cash Incentive Scheme Or Any
Other Scheme Claims Incl. Claims By Way Of Refund Of Customs/Excise Duties
Under The Duty Drawback Credit Scheme Or Any Other Scheme, Bills, Inv. Doc,
Contracts, Insurance Policies, Gtees, Engagements, Securities, Invst and
Rights and Present And All Future Machinery. |
|
Date of latest
modification prior to the present modification |
20/05/2009 |
|
Particulars of
the present modification |
Now By The
Present Modfn. Dt. 20.5.2009 The Company Offered An Additional Collateral
Security By Way of An Equitable Mortgage By Deposit of Title Deeds Over The
Immovable Properties By Fixing The Mortgage At Rs.48.20 Crores. The Details
of Immovable Properties Situated At Pune, |
TRADE
REFERENCES:
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. 54.87 |
|
|
1 |
Rs. 86.46 |
|
Euro |
1 |
Rs. 69.48 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
8 |
|
--LEVERAGE |
1~10 |
8 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
64 |
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 |
>86 |
|
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 |
71-85 |
|
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 |
56-70 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
41-55 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
26-40 |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
11-25 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
<10 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.