MIRA
INFORM REPORT
|
Report Date : |
05.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
K.
V. FIRE CHEMICALS ( |
|
|
|
|
Registered
Office : |
Kamala
Niwas, 2nd Floor, Plot - 32, Lane - D, Sector - 4, Vashi, Navi Mumbai
– 400703, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
29.09.1995 |
|
|
|
|
Com. Reg. No.: |
11-093237 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29193MH1995PTC093237 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK06338D / MUMK10148F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACK5054B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers,
Dealers, Exporters, Importers in Fire Fighting Equipments, Systems, Fire
Extinguishing Chemicals, Spare Parts, Hardware, Assemblies and Allied
Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 410000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There
appears sharp dip in the profitability of the company. However, trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitment. The company can be considered for business dealing 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 DENIED BY
|
Name : |
Ms. Flevi |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-9225124507 |
|
Date : |
05.11.2012 |
LOCATIONS
|
Registered Office : |
Kamala
Niwas, 2nd Floor, Plot - 32, Lane - D, Sector - 4, Vashi, Navi
Mumbai – 400703, Maharashtra, India |
|
Tel. No.: |
91-22-27820827/
27826733/
27823901 |
|
Mobile No.: |
91-9225124507 (Ms. Flevi) |
|
Fax No.: |
91-22-27824712 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Kamala Nagar, Survey No.1159, Mundhegaon Village, Taluka Igatpuri, Nashik – 422403, Maharashtra, India |
|
Tel No.: |
91-2553-231062/ 1063/ 22 |
|
Fax No.: |
91-2553-231123 |
DIRECTORS
AS ON 15.09.2012
|
Name : |
Mr. Hiralal Manaklal Sabadra |
|
Designation : |
Director |
|
Address : |
Kamala
Niwas, Plot - 32, Lane - D, Sector - 8, Vashi, Navi Mumbai - 400703,
Maharashtra, India |
|
Date of Birth/Age : |
19.09.1946 |
|
Date of Appointment : |
29.09.1995 |
|
DIN No.: |
00268528 |
|
|
|
|
Name : |
Mr. Rajesh Sabadra |
|
Designation : |
Director |
|
Address : |
Kamala
Niwas, Plot - 32, Lane - D, Sector - 8, Vashi, Navi Mumbai - 400703,
Maharashtra, India |
|
Date of Birth/Age : |
08.03.1969 |
|
Date of Appointment : |
29.09.1995 |
|
DIN No.: |
00647391 |
|
|
|
|
Name : |
Mrs. Kamala Hiralal Sabadra |
|
Designation : |
Director |
|
Address : |
Kamala
Niwas, Plot - 32, Lane - D, Sector - 8, Vashi, Navi Mumbai - 400703,
Maharashtra, India |
|
Date of Birth/Age : |
08.07.1949 |
|
Date of Appointment : |
21.04.2010 |
|
DIN No.: |
02539345 |
|
|
|
|
Name : |
Mrs. Deepali Rajesh Sabadra |
|
Designation : |
Director |
|
Address : |
Kamala
Niwas, Plot - 32, Lane - D, Sector - 8, Vashi, Navi Mumbai - 400703,
Maharashtra, India |
|
Date of Birth/Age : |
31.05.1972 |
|
Date of Appointment : |
21.04.2010 |
|
DIN No.: |
02539338 |
KEY EXECUTIVES
|
Name : |
Ms. Flevi |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Hiralal M. Sabadra |
|
660000 |
|
Hiralal M. Sabadra (HUF) |
|
120000 |
|
Rajesh H. Sabadra |
|
377500 |
|
Rajesh H. Sabadra (HUF) |
|
110000 |
|
Kamala H. Sabadra |
|
347500 |
|
Deepali R. Sabadra |
|
222500 |
|
Rashmi M. Parakh |
|
162500 |
|
Total |
|
2000000 |
AS ON 15.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers,
Dealers, Exporters, Importers in Fire Fighting Equipments, Systems, Fire
Extinguishing Chemicals, Spare Parts, Hardware, Assemblies and Allied
Products. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
Customers : |
Ø Oil and Gas Ø Refineries Ø Chemicals and
Petrochemicals Ø Aviation Ø Tank Terminals Ø Defence Ø Atomic and
Thermal Power Ø Metals and
Minerals Ø Steel Plants Ø Ports and
Shipyards Ø Fertilizers Ø Fire Brigades Ø Projects
Consultants |
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|
||||||||||||||||||||||||||||||
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No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||
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Bankers : |
Ø The Saraswat Co-operative Bank Limited, G – 1 and 2, Suyojit Trade Centre, Opposite Rajeev Gandhi Bhavan (NMC) Sharanpur Road, Nashik – 422002, Maharashtra, India Ø The Saraswat Co-operative Bank Limited, Nashik Branch, Sharanpur Road, Nashik – 422001, Maharashtra, India Ø ICICI Bank Limited |
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Facilities : |
|
||||||||||||||||||||||||||||||
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P K Kumar and Company Chartered Accountants |
|
Address : |
Shrayas 83 Phase I Konark Nagar, Adgaon, Nashik – 422003, Maharashtra,
India |
|
Tel. No.: |
91-253-2303765 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AGXPK9464F |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 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 |
20.000 |
20.000 |
20.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
83.357 |
69.280 |
65.626 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
103.357 |
89.280 |
85.626 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
17.505 |
17.593 |
2.887 |
|
|
2] Unsecured Loans |
0.000 |
0.207 |
0.000 |
|
|
TOTAL BORROWING |
17.505 |
17.800 |
2.887 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
120.862 |
107.080 |
88.513 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
36.188 |
41.259 |
27.565 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.020 |
1.979 |
6.064 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
34.942
|
19.907 |
21.685 |
|
|
Sundry Debtors |
49.260
|
36.212 |
42.816 |
|
|
Cash & Bank Balances |
9.905
|
25.850 |
21.462 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
24.741
|
18.495 |
15.707 |
|
Total
Current Assets |
118.848
|
100.464 |
101.670 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
12.973
|
15.295 |
14.927 |
|
|
Other Current Liabilities |
8.039
|
8.038 |
19.797 |
|
|
Provisions |
13.190
|
13.306 |
12.087 |
|
Total
Current Liabilities |
34.202
|
36.639 |
46.811 |
|
|
Net Current Assets |
84.646
|
63.825 |
54.859 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.008 |
0.017 |
0.025 |
|
|
|
|
|
|
|
|
TOTAL |
120.862 |
107.080 |
88.513 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL (A) |
N.A. |
256.910 |
146.735 |
220.509 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
|
TOTAL (B) |
N.A. |
224.729 |
137.162 |
191.046 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Financial charges) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.959 |
32.181 |
9.573 |
29.463 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.867 |
7.050 |
4.701 |
3.126 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10.092 |
25.131 |
4.872 |
26.337 |
|
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.375 |
8.729 |
1.219 |
7.785 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.717 |
16.402 |
3.653 |
18.552 |
|
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
83.357 |
69.280 |
65.627 |
N.A. |
|
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
|
Transfer to General Reserve |
|
|
|
|
|
|
|
Dividend |
2.000 |
2.000 |
0.000 |
N.A. |
|
|
|
Tax on Dividend |
0.324 |
0.325 |
0.000 |
N.A. |
|
|
BALANCE CARRIED
TO THE B/S |
87.750 |
83.357 |
69.280 |
N.A. |
|
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
|
FOB Value of Export |
N.A. |
74.793 |
46.968 |
50.127 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
|
Raw and Packing Materials |
95.948 |
65.098 |
17.452 |
31.030 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
N.A. |
8.20 |
1.83 |
9.28 |
|
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%20PRIVATE%20LIMITED%20-%20199416%2005-Nov-2012_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20199416%2005-Nov-2012_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20199416%2005-Nov-2012_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
N.A. |
6.38 |
2.49 |
8.41 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
N.A. |
16.21 |
3.44 |
20.38 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
N.A. |
0.24 |
0.05 |
0.31 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
N.A. |
0.50 |
0.61 |
0.58 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
N.A. |
3.47 |
2.74 |
2.17 |
LOCAL AGENCY FURTHER INFORMATION
|
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
four 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29193MH1995PTC093237 |
|
Name of the
company |
K.V. FIRE
CHEMICALS (INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Kamala Niwas, 2nd Floor, Plot - 32, Lane - D, Sector - 8, Vashi, Navi Mumbai – 400703, Maharashtra, India Email: pns1948@gmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10116916 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
The Saraswat Co-operative Bank Limited, G – 1 and 2, Suyojit Trade Centre, Opposite Rajeev Gandhi Bhavan (NMC) Sharanpur Road, Nashik – 422002, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Additional Charge
by way of Recording Letter of Evidencing Deposit of Title for increase in
Bank Guarantee limit by Rs. 10.000 Millions |
|
Date of
instrument Creating the charge |
15.12.2011 |
|
Amount secured by
the charge |
Rs. 47.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Nil Terms of Repayment On Demand Margin 10% Extent and Operation of the charge The charge will operate
to the extent of Rs. 47.500 Millions on the security offered by the company Others NIL |
|
Short particulars
of the property charged |
The Borrower
hypothicate all movable property lying at their factory at Mundhegaon
District Nashik and Book debts, Monies receivables. All that piece of
Immovable property being industrial unit at gat no 1159 admeasuring H.1.92 R
alongwith construction thereon situated at village Mundhegaon Tal Igatpuri
District Nashik |
|
Date of latest
modification prior to the present modification |
30.06.2009 |
|
Particulars of
the present modification |
An Immovable
Property is attach to additional Bank Guarantee Limit of Rs.10.000 Millions. |
CONTINGENT LIABILITIES:
(Rs. in Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Bank Guarantee |
11.976 |
10.745 |
|
Letter of Credit |
1.404 |
0.000 |
|
Expenditure incurred on employees who were
in receipt of remuneration aggregating to Rs. 2.400 Millions or more per year
if employed throughout the year or Rs. 0.200 Million or more per month if
employed for parts of the years. |
9.736 |
11.080 |
FIXED ASSETS:
Ø
Factory Land
Ø
Factory Building
Ø
Furniture and Fixture
Ø
Plant and machinery
Ø
Office Equipment
Ø
Vehicles
Ø
Computers
Ø
Weighing Equipment
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 : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
44 |
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.