MIRA
INFORM REPORT
|
Report Date : |
10.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
U K B ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7, Functional Industrial Estate, Patparganj, Delhi – 110092 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.05.2004 |
|
|
|
|
Com. Reg. No.: |
55-126250 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.70.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109DL2004PTC126250 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELU02479B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU6815C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of PCB Assy, Wire Harness, Power Cord and Cable. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 790000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. There appears
huge external borrowing recorded. Also the profit margin of the company
appears to be low. However, trade relations are reported as fair. Business is
active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
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) |
|
India |
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BB+ ( Long Term Fund Based Limits) |
|
Rating Explanation |
The inadequate credit quality. It carries
high credit risk. |
|
Date |
February 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
A4+ (Short Term Non Fund Based Limits) |
|
Rating Explanation |
The risk prone credit quality. It carry high
credit risk. |
|
Date |
February 2012 |
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.
LOCATIONS
|
Registered Office : |
7, Functional Industrial Estate, Patparganj, Delhi – 110092, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
C-119, Sector – 63, Gautam Budh Nagar, Noida – 201 301, |
|
Tel. No.: |
91-120-4213124 |
|
Fax No.: |
91-120-4213124 |
|
E-Mail : |
DIRECTORS
As on: 28.09.2011
|
Name : |
Mr. Arun Kumar Tayal |
|
Designation : |
Director |
|
Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
|
Date of Birth/Age : |
13.05.1958 |
|
Date of Appointment : |
17.05.2004 |
|
DIN No.: |
00359128 |
|
|
|
|
Name : |
Mr. Pradeep Kumar Tayal |
|
Designation : |
Director |
|
Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
|
Date of Birth/Age : |
22.03.1961 |
|
Date of Appointment : |
17.05.2004 |
|
DIN No.: |
01500232 |
|
|
|
|
Name : |
Mr. Manoj Kumar Tayal |
|
Designation : |
Director |
|
Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
|
Date of Birth/Age : |
04.08.1968 |
|
Date of Appointment : |
17.05.2004 |
|
DIN No.: |
01348097 |
|
|
|
|
Name : |
Mr. Vinay Kumar Tayal |
|
Designation : |
Director |
|
Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
|
Date of Birth/Age : |
11.04.1972 |
|
Date of Appointment : |
17.05.2004 |
|
DIN No.: |
00359327 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Arun Kumar Tayal |
|
5000 |
|
Pradeep Kumar Tayal |
|
254700 |
|
Manoj Kumar Tayal |
|
588000 |
|
Vinay Kumar Tayal |
|
125000 |
|
Surender Bansal |
|
6000 |
|
Vijender Bansal |
|
7500 |
|
Ranveer Singh |
|
13500 |
|
Rama |
|
20000 |
|
Shiv Shanker Tripathi |
|
20000 |
|
Rama Shanker Tripathi |
|
20000 |
|
Dinesh Kumar HUF |
|
100 |
|
Prabhat Kumar HUF |
|
100 |
|
Rahul Agarwal |
|
100 |
|
Nutan Tayal |
|
200000 |
|
Renu Tayal |
|
140000 |
|
O.S. Creations Private Limited, |
|
2000000 |
|
Manglam Cold Storage Private Limited, |
|
3600000 |
|
|
|
|
|
Total
|
|
7000000 |
As on: 16.01.2012
|
Names of Allottee |
|
No. of Shares |
|
O.S Creations Private Limited, India |
|
550000 |
|
Sanco Industries Limited, India |
|
200000 |
|
|
|
|
|
Total |
|
750000 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
80.00 |
|
Directors or relatives of directors |
|
18.75 |
|
Other top fifty shareholders |
|
1.25 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PCB Assy, Wire Harness, Power Cord and Cable. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (As on: 31.03.2010)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Power Cord/ Connectors |
Nos. |
NA |
NA |
21079409 |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Citibank NA, Jeevan Vihar, 3 Sansad Marg, New Delhi - 110001, India ·
State Bank of India, SIB Branch, Navyug Market,
Ghaziabad – 201 001, Uttar Pradesh, India · ICICI Bank Limited |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.S. Garg and Associates Chartered Accountants |
|
Address : |
8, |
|
PAN No.: |
AAUPG1302R |
CAPITAL STRUCTURE
After: 28.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7750000 |
Equity Shares |
Rs.10/- each |
Rs.77.500 Millions |
|
|
|
|
|
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 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 |
70.000 |
62.000 |
50.000 |
|
|
2] Share Application Money |
94.000 |
2.000 |
0.000 |
|
|
3] Reserves & Surplus |
35.650 |
101.364 |
75.740 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
199.650 |
165.364 |
125.740 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
138.028 |
127.096 |
78.691 |
|
|
2] Unsecured Loans |
23.345 |
24.087 |
17.039 |
|
|
TOTAL BORROWING |
161.373 |
151.183 |
95.730 |
|
|
DEFERRED TAX LIABILITIES |
2.025 |
1.031 |
0.826 |
|
|
|
|
|
|
|
|
TOTAL |
363.048 |
317.578 |
222.296 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
155.947 |
105.023 |
67.888 |
|
|
Capital work-in-progress |
16.970 |
52.830 |
0.714 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
139.786
|
120.949
|
79.516 |
|
|
Sundry Debtors |
197.953
|
185.257
|
106.440 |
|
|
Cash & Bank Balances |
4.361
|
6.006
|
22.910 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
51.664
|
36.912
|
26.069 |
|
Total
Current Assets |
393.764
|
349.124
|
234.935 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
175.250
|
171.796
|
72.936 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
0.000 |
|
|
Provisions |
28.569
|
17.734
|
8.501 |
|
Total
Current Liabilities |
203.819
|
189.530
|
81.437 |
|
|
Net Current Assets |
189.945
|
159.594
|
153.498 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.186 |
0.131 |
0.196 |
|
|
|
|
|
|
|
|
TOTAL |
363.048 |
317.578 |
222.296 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
803.872 |
601.174 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
|
803.872 |
601.174 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Material Cost |
|
|
461.909 |
|
|
|
Manufacturing Expenses |
|
|
15.186 |
|
|
|
Personnel Expenses |
|
|
13.067 |
|
|
|
Administrative & Selling Expenses |
|
|
14.732 |
|
|
|
Other Expenses |
|
|
69.208 |
|
|
|
TOTAL (B) |
NA |
782.600
(Including Financial Expenses) |
574.102 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
27.072 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
10.399 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
21.272 |
16.673 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
9.363 |
7.197 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
11.909 |
9.476 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
4.285 |
3.208 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
7.624 |
6.268 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
15.740 |
9.472 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
23.364 |
15.740 |
|
|
|
|
|
|
|
|
|
|
IMPORT VALUE |
|
161.970 |
70.519
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
NA |
1.92 |
1.90 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.95
|
1.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
2.62
|
3.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.07
|
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.83
|
2.06
|
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.93
|
1.84
|
2.88 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two 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 |
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 |
Yes |
Note:
The Registered Office of the company has been shifted from 348 FIE
Patparganj, New Delhi – 110092, India to the present address w.e.f. 15.05.2011
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U32109DL2004PTC126250 |
|
Name of the
company |
U K B ELECTRONICS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
7, Functional Industrial Estate, Patpar Ganj, Delhi – 110092, India E-mail: rsgargindia@rediffmail.com
|
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10095422 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
State Bank of India, SIB Branch, Navyug Market, Ghaziabad – 201 001,
Uttar Pradesh, India E-mail: jkscoknp@gmail.com |
|
Nature of
instrument creating charge |
1. Supplemental
Agreement of Loan cum Hypothecation
(SME-4) 2. Letter of
Arrangement (SME-1) 3. Letter of
Confirmation for extension of mortgage by deposit of title deeds (SME-8) |
|
Date of
instrument Creating the charge |
23.03.2011 |
|
Amount secured by
the charge |
Rs.223.100
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CC-@ 2.50% margin
above Base Rate. Present effective rate 10.75% p.a. with monthly rests. TL-I and III-@
2.75% margin above BR. Present effective rate 11.00% p.a. with monthly rests. TL-II-@1% above
SBAR. Terms of
Repayment (i) Working Capital
- Repayable on demand (ii) Term Loan-I
and II- As per existing repayment schedule. (iii)Term
Loan-III of Rs.6.000 Millions shall be repayable in 12 quarterly instalments
of Rs.0.500 Million each commencing from September 2011. Interest will be
serviced as and when applied. Margin 25% on Raw
Materials-Imported 25% on Semi
Finished goods 25% on Finished
goods 40% on Domestic
Receivables 20% on LC within D/E of
1.66:1 on Term Loan Extent and
Operation of the charge The Company's
movable and immovable properties as mentioned hereunder (As per column No.15)
are hypothecated and mortgaged to secure following credit facilities
aggregating to Rs.223.100 Millions granted by the Bank to the Borrower. (Breakup of
Credit Facilities) |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive first
hypothecation charge on entire current assets comprising all stocks of raw
material, stores, spares, consumables, SIP, finished goods etc. (both present
and future) including stock in transit. Hypothecation of
all present and future Book Debts, receivables as also clean or documentary
bills, domestic or exports whether accepted or otherwise,
cheques/drafts/instruments drawn etc. First hypothecation
charge on all the Borrower's fixed assets purchased out of bank finance and
all plant and machinery, furniture and fixture, electrical installation,
office equipments etc. Equitable
mortgage by deposit of title deeds of company's immovable properties situated
at Plot No. C-119,Block-C,Sector-63, Electronics City, Noida (Uttar Pradesh)
admeasuring area 1800 Sq. Mtrs |
|
Date of
instrument modifying the charge |
10.04.2010 |
|
Particulars of
the present modification |
The aggregate
amount of various credit facilities granted by the Bank has now been enhanced
from Rs.156.500 Millions to Rs.223.100 Millions Therefore, total amount of
charge secured by hypothecation of entire current assets, stocks, book debts,
plant and machinery, fixed assets etc. and equitable mortgage of immovable
properties as per details mentioned in column No.15 above has now been
enhanced from Rs.156.500 Millions to Rs.223.100 Millions |
FIXED ASSETS:
·
Car
·
Computer
·
Dies
·
Office Equipments
·
Fire/ Safe Equipment
·
Furniture and Fixtures
·
Plant and Machinery
·
Testing Equipments
·
Scooter/ Cycle/ Vehicle
·
Mobile Phone
·
Weight and Measurement
·
Water and Electricity Equipment
·
Bucket
·
Land
·
Building
·
Generator
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.54.34 |
|
|
1 |
Rs.86.97 |
|
Euro |
1 |
Rs.69.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
30 |
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.