MIRA
INFORM REPORT
|
Report Date : |
05.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
ASPEE AGRO EQUIPMENT PRIVATE LIMITED |
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Registered
Office : |
Off |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
12.05.1972 |
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Com. Reg. No.: |
04-002087 |
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Capital
Investment / Paid-up Capital : |
Rs.7.000 Millions |
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|
CIN No.: [Company Identification
No.] |
U29219GJ1972PTC002087 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Agricultural Equipments and Implements. |
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No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 770000 |
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|
Status : |
Satisfactory |
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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. Latest
financial i.e. 2011-12 are missing form government department. However, from
the available financial the company seems to be performing well. 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.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED BY
|
Name : |
Ms. Lata |
|
Designation : |
Accounts Executive |
|
Date : |
03.11.2012 |
LOCATIONS
|
Registered Office : |
Off Chikadi Road, Antalsivilage, Bilimore District, Baroda – 396321,
Gujarat, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-28822331/ 32/ 33/ 35 |
|
Fax No.: |
91-22-28822336 |
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E-Mail : |
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Branch Office : |
Located at: · Haryana ·
West Bengal |
DIRECTORS
As on: 27.09.2011
|
Name : |
Mr. Rajeev Kiran Patel |
|
Designation : |
Director |
|
Address : |
Shakil, Ramchandra Lane, Bhailalbhai Javerbhai Patel Marg, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
12.03.1973 |
|
Date of Appointment : |
22.06.1996 |
|
DIN No.: |
00092840 |
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|
|
|
Name : |
Mr. Sharadchandra Lallubhai Patel |
|
Designation : |
Director |
|
Address : |
Plot No. I, Adarsh Society, Near Mahila College, Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
25.11.1933 |
|
Date of Appointment : |
12.05.1970 |
|
DIN No.: |
00092896 |
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|
|
|
Name : |
Mr. Jatin Sharadchandra Patel |
|
Designation : |
Director |
|
Address : |
Plot No. I, Adarsh Society, Near Mahila College, Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
23.02.1971 |
|
Date of Appointment : |
22.06.1996 |
|
DIN No.: |
00093015 |
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|
|
|
Name : |
Mr. Hiten Chandrakant Patel |
|
Designation : |
Director |
|
Address : |
Alka Building, Ground Floor, Block No. A-36, Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
19.04.1975 |
|
Date of Appointment : |
08.10.1998 |
|
DIN No.: |
00093088 |
|
|
|
|
Name : |
Mr. Pradipbhai Jayvantbhai Desai |
|
Designation : |
Director |
|
Address : |
65, Sarjan Society, Opposite Sargam Shopping Centre, Athwalines, Surat – 395007, Gujarat, India |
|
Date of Birth/Age : |
17.10.1944 |
|
Date of Appointment : |
23.10.1973 |
|
DIN No.: |
00093410 |
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|
|
|
Name : |
Mr. Kiran Lallubhai Patel |
|
Designation : |
Director |
|
Address : |
Shakil Bunglow, Ramchandra Lane, Marve Road Extension, Malad (West). Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1943 |
|
Date of Appointment : |
28.03.2006 |
|
DIN No.: |
00101421 |
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|
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|
Name : |
Mr. Jayantibhai Patel |
|
Designation : |
Director |
|
Address : |
Shruhad Viharm, Khodiyar Road. Anand – 388001, Gujarat, India |
|
Date of Birth/Age : |
04.10.1952 |
|
Experience : |
15.05.1972 |
|
DIN No.: |
02639159 |
KEY EXECUTIVES
|
Name : |
Ms. Lata |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Maniben Lallubhai Patel and Lallubhai Makanji Patel |
|
312 |
|
Lallubhai Makanji Patel Maniben Lallubhai Patel Sharad Lallubhai Patel Kiran Lallubhai Patel |
|
2228 |
|
Sharad Lallubhai Patel Shantaben Sharad Patel |
|
1086 |
|
Shantaben Sharad Patel and Sharad Lallubhai Patel |
|
5646 |
|
Sharad Lallubhai Patel Shantaben Shared Patel Swati Sharad Patel Kaushika Sharad Patel Nina Sharad Patel and Jatin Sharad Patel |
|
3778 |
|
Jatin Sharad Patel and Sharad Lallubhai Patel |
|
3605 |
|
Kiran Lallubhai Patel Lalita Kiran Patel |
|
1137 |
|
Lalita Kiran Patel Kiran Lallubhai Patel |
|
5306 |
|
Kiran Lallubhai Patel Lalita Kiran Patel Rajeev Kiran Patel |
|
4067 |
|
Bhanuben Chunilal Panchal |
|
5925 |
|
Chandrika Ishwarlal Panchal |
|
5955 |
|
Jayanti kumar Ishwarbhai Patel |
|
540 |
|
Mahendra kumar Ishwarbhai Patel |
|
513 |
|
Pravinchandra Ishwarbhai Patel |
|
1080 |
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Pravinchandra Ishwarbhai Patel and Girishbhai Pravinchandra Patel |
|
1060 |
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KaIpeshkumar J. Patel Jayantikumar I. Patel |
|
2160 |
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Niranjanaben Mahendrakumar Patel |
|
900 |
|
Hansumati Jayanti kumar Patel |
|
540 |
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Pradipkumar Jayvant Desai Madhuben Pradipkumar Desai |
|
3038 |
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Madhuben Pradipkumar Desai Pradipkumar Jayawant Desai |
|
3037 |
|
Bhavita H. Patel |
|
1282 |
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Induben Chandrakant Patel |
|
3292 |
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Shri Hiten Chandrakant Patel |
|
964 |
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Deepen C. Patel Chandrakant M. Patel |
|
942 |
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Anilbhai B. Patel Karta of B.J. Patel HUF |
|
70 |
|
Shailesh Arnbhai Patel Karta of Arunbhai B. Patel HUF |
|
850 |
|
Sarojben R. Patel and Rohitbhai B. Patel |
|
850 |
|
Varshabhen B. Patel Bharatbhai B. Patel |
|
850 |
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Sudhaben Anilbhai Patel and Anilbhai Bhailalbhai Patel |
|
850 |
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Hemaben Girishbhai Patel and Girishbhai Bhailalbhai Patel |
|
650 |
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Rajeev Kiran Patel and Kiran Lallubhai Patel |
|
2550 |
|
Rajesh Mahendra Patel |
|
1827 |
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Vidisha Kiran Patel |
|
1080 |
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Girish P. Patel |
|
1100 |
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Shaileja Jatin Patel Jatin S. Patel |
|
350 |
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Sonali Rajeev Patel Rajeev Kiran Patel |
|
350 |
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Jatin Sharad Patel, HUF |
|
25 |
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Rajeev Kiran Patel HUF |
|
5 |
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
76.86 |
|
Other top fifty shareholders |
|
23.14 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Agricultural Equipments and Implements. |
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Products : |
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PRODUCTION STATUS (As on: 31.03.2011)
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Particulars |
Unit |
Actual
Production |
|
Head Operated Equipments |
Pcs |
416243 |
|
Power Operated Equipments |
Pcs |
26137 |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
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Bankers : |
·
State Bank of India, Industrial Finance Branch, S.V.
Road, Malad (West), Mumbai - 400604, Maharashtra, India · Axis Bank Limited ·
Canara Bank |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Financial Institution : |
Tourism Finance Corporation Of India Limited, 13th Floor, IFCI Tower,
61 Nehru Place, Opposite Nehru Police Station, Nehru Place, Delhi - 110019,
India |
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Auditors : |
|
|
Name : |
V. B. Goel and Company Chartered Accountants |
|
Address : |
Flat No. 2 and 3 , Ajay Apartment, Kasturba Cross Road, Malad (West),
Mumbai – 400064, Maharashtra, India |
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Tel. No.: |
91-22-28441350/ 28441351 |
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PAN No.: |
AAHFV3222E |
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Associated Company
: |
· Navyug Krishi Sadhan Private Limited · American Spring and Pressing Works Private Limited · Aspee Plant Protection Appliances Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000 |
Equity Shares |
Rs.100/- each |
Rs.8.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
70000 |
Equity Shares |
Rs.100/- each |
Rs.7.000
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 |
7.000 |
7.000 |
7.000 |
|
|
2] Share Application Money |
1.820 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
184.337 |
119.902 |
94.409 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
193.157 |
126.902 |
101.409 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.014 |
7.724 |
1.559 |
|
|
2] Unsecured Loans |
86.228 |
83.355 |
91.191 |
|
|
TOTAL BORROWING |
105.242 |
91.079 |
92.750 |
|
|
DEFERRED TAX LIABILITIES |
0.027 |
0.076 |
0.332 |
|
|
|
|
|
|
|
|
TOTAL |
298.426 |
218.057 |
194.491 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.135 |
15.496 |
17.705 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
157.608 |
5.908 |
8.912 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
130.255
|
81.504 |
105.790 |
|
|
Sundry Debtors |
7.732
|
13.222 |
24.054 |
|
|
Cash & Bank Balances |
110.558
|
189.390 |
80.428 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
53.974
|
21.776 |
14.837 |
|
Total
Current Assets |
302.519
|
305.892 |
225.109 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
117.935
|
71.496 |
39.334 |
|
|
Other Current Liabilities |
43.201
|
29.517 |
10.121 |
|
|
Provisions |
18.700
|
8.226 |
7.780 |
|
Total
Current Liabilities |
179.836
|
109.239 |
57.235 |
|
|
Net Current Assets |
122.683
|
196.653 |
167.874 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
298.426 |
218.057 |
194.491 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
853.781 |
552.670 |
397.294 |
|
|
|
Other Income |
21.234 |
1.047 |
0.512 |
|
|
|
TOTAL |
875.015 |
553.717 |
397.806 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
766.402 |
502.000 |
367.518 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
108.613 |
51.717 |
30.288 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
34.350 |
18.036 |
10.859 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
74.263 |
33.681 |
19.429 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Equipments and Spares Parts |
0.000 |
8.966 |
0.000 |
|
|
TOTAL IMPORTS |
0.000 |
8.966 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1060.90 |
481.16 |
277.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.49 |
6.08 |
4.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
12.72 |
9.36 |
7.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
33.87 |
16.09 |
12.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.41 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.48 |
1.58 |
1.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68 |
2.80 |
3.93 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry
Creditors:
(Rs. in Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
|
|
|
|
Total outstanding dues of micro enterprises and small enterprises |
-
|
- |
- |
|
Total outstanding dues of creditor other than micro enterprises and small enterprises |
117.935
|
71.496 |
39.334 |
|
|
|
|
|
|
Total |
117.935
|
71.496 |
39.334 |
|
Sr. No. |
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 |
No |
|
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 |
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 |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
CONTINGENT LIABILITIES
a) Disputed Gujarat VAT liability in respect
of assessment order issued by Commercial Tax office for Rs. 0.023 Million for
F.Y 2006-07 which is contested by the company.
b) Disputed Central Sales Liability in respect
of assessment order issued by Commercial Tax office for Rs. 4.036 Millions for
F.Y 2006-07 which is contested by the company.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U29219GJ1972PTC002087 |
|
Name of the
company |
ASPEE AGRO
EQUIPMENT PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Off Chikadi Road, Antalsivilage, Bilimore District, Baroda – 396321,
Gujarat, India E-mail: aspee@aspee.net |
|
This form is for |
Creation of
charge |
|
Type of charge |
Immovable
property |
|
Particular of charge
holder |
Tourism Finance Corporation Of India Limited, 13th Floor, IFCI Tower,
61 Nehru Place, Opposite Nehru Police Station, Nehru Place, Delhi - 110019,
India E-mail: n.ramachandran@tfciltd.com
|
|
Nature of
instrument creating charge |
Joint Deed of
Further Mortgage/Charge |
|
Date of
instrument Creating the charge |
08.12.2011 |
|
Amount secured by
the charge |
Rs. |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Not Applicable Terms of
Repayment Not Applicable Margin Not Applicable Extent and
Operation of the charge The Company being
an associate company has offered the property as collateral security for the
term loan of Rs. 400.000 Millions borrowed by American Spring and Pressing
Works Private Limited from TFCI. Others The said charge
shall rank pari passu with the charges created in favour of State Bank of
India in respect of the term loan of Rs. 500.000 Millions borrowed by
American Spring and Pressing Works Private Limited. |
FIXED ASSETS:
·
Freehold Land
·
Factory Premises
·
Rest House
·
Sales Depot
·
Plant and Machinery
·
Computer Hardware
·
Computer Software
·
Vehicles
·
Furniture and Fixtures
·
Air Conditioner
·
Office Equipments
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 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.53.66 |
|
|
1 |
Rs.86.37 |
|
Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
50 |
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.