MIRA
INFORM REPORT
|
Report Date : |
21.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
M X SYSTEMS INTERNATIONAL
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
202-A-202D, 2nd Floor, 194, Arvind Chambers, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
30.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-155727 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 48.800 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH2005FTC155727 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Fire Protection Services |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (15) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and Delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Minimax International GmbH. It is a company
having moderate track. The financial position of the company appears to be vulnerable. There
appear huge external borrowings recorded by the company. The sales turnover of the company has dipped during the year ended on
2011 with a huge loss out of its operations. However, Business is active. Payments are reported to be slow and
delayed. The company can be considered for business dealings on a safe and secured
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
B+ (Long term Rating) |
|
Rating Explanation |
High risk of default |
|
Date |
28.05.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4 (Short term rating) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
28.05.2012 |
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.
INFORMATION DENIED BY
|
Name : |
Mr. Naresh Patel |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-67262517 |
|
Date : |
21.11.2012 |
LOCATIONS
|
Registered Office / Head Office : |
202-A-202D, 2nd Floor, 194, Arvind Chambers, Western
Express Highway, Andheri (East), Mumbai-400069, Maharashtra, India |
|
Tel. No.: |
91-22-26822550 / 26822551 / 67262517 |
|
Mob. No.: |
91-9890011335 (Import Department) |
|
Fax No.: |
91-22-26822530 |
|
E-Mail : |
|
|
Website : |
|
|
Branches : |
Located at: Bangalore Kolkata Delhi |
DIRECTORS
As on 10.08.2012
|
Name : |
Mr. Harish Ratilal Salot |
|
Designation : |
Nominee director |
|
Address : |
Vakharia House, Plot No. 3, Presidency CHS, N.S. Road, No.9, Juhu
Scheme, Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
03.10.1953 |
|
Qualification : |
B.E. Electronics |
|
Date of Appointment : |
03.10.2006 |
|
DIN No.: |
00829502 |
|
|
|
|
Name : |
Marko Hagen Wittich |
|
Designation : |
Nominee director |
|
Address : |
Muelheim An Der Ruhr, 7-, Uhlenhorstweg, 45479, Germany |
|
Date of Birth/Age : |
23.06.1964 |
|
Date of Appointment : |
19.06.2012 |
|
DIN No.: |
05310212 |
|
|
|
|
Name : |
Thomas Edgar Krausch |
|
Designation : |
Nominee director |
|
Address : |
Elsaesser Strasse 11, Luebeck, 23564, Germany |
|
Date of Birth/Age : |
31.12.1969 |
|
Date of Appointment : |
19.06.2012 |
|
DIN No.: |
05310174 |
|
|
|
|
Name : |
Sohrab Rob Salek |
|
Designation : |
Nominee director |
|
Address : |
Calle de Sarah Pacific Plsds, 902721952, California, 16899 |
|
Date of Birth/Age : |
21.08.1949 |
|
Date of Appointment : |
14.04.2010 |
|
DIN No.: |
02937208 |
KEY EXECUTIVES
|
Name : |
Mr. Naresh Patel |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.08.2012
|
Names of Equity Shareholders |
|
No. of Shares |
|
Harish Ratilal Salot Jointly with Mrs. Nilima Salot, Mr. Harshil Salot
and Mr. Vimal Salot |
|
1259040 |
|
Minimax International GmbH Industries, Germany |
|
3620960 |
|
Total |
|
4880000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Minimax International GmbH Industries, Germany |
|
15000000 |
|
Total |
|
15000000 |
Equity Share Break up (Percentage of Total Equity)
As on 10.08.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
74.20 |
|
Directors or relatives of Directors |
25.80 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Fire Protection Services |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
IDBI Bank Limited 47, Opus Centre, Ground Floor, Central Road, MIDC, Andheri (East),
Mumbai - 400093, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Haribhakti and Company Chartered Accountants |
|
Address : |
701, Leela Business Park, Andheri-Kurla road, Andheri (East),
Mumbai-400059, Maharashtra, India |
|
Tel. No.: |
91-22-66729999 |
|
PAN No.: |
AAAFH2010F |
|
|
|
|
Holding Company : |
Minimax International GmbH |
|
|
|
|
Fellow Subsidiaries: |
·
M X Mercury Beteiligungen GmbH ·
Minimax GmbH and Company KG, Project Office ·
Minimax GmbH and Company KG, Germany |
|
|
|
|
Significant Influence of Director: |
Vijay Transtech |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4900000 |
Equity Shares |
Rs.10/- each |
Rs. 49.000 Millions |
|
15000000 |
Preference Shares |
Rs.10/- each |
Rs. 150.000 Millions |
|
|
Total |
|
Rs. 199.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4880000 |
Equity Shares |
Rs.10/- each |
Rs. 48.800 Millions |
As on 10.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4900000 |
Equity Shares |
Rs.10/- each |
Rs. 49.000 Millions |
|
15000000 |
Preference Shares |
Rs.10/- each |
Rs. 150.000 Millions |
|
|
Total |
|
Rs. 199.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4880000 |
Equity Shares |
Rs.10/- each |
Rs. 48.800 Millions |
|
15000000 |
Preference Shares |
Rs.10/- each |
Rs. 150.000 Millions |
|
|
Total |
|
Rs. 198.800
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 |
48.800 |
48.800 |
19.800 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(144.224) |
(94.995) |
(7.053) |
|
|
NETWORTH |
(95.424) |
(46.195) |
12.747 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
72.405 |
73.168 |
43.804 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
72.405 |
73.168 |
43.804 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(23.019) |
26.973 |
56.551 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.403 |
27.980 |
43.176 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
3.569 |
3.569 |
3.569 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
22.088
|
11.938 |
10.693 |
|
|
Sundry Debtors |
362.130
|
267.191 |
266.752 |
|
|
Cash & Bank Balances |
36.159
|
28.151 |
15.061 |
|
|
Other Current Assets |
92.988
|
106.054 |
222.918 |
|
|
Loans & Advances |
26.165
|
25.436 |
30.642 |
|
Total
Current Assets |
539.530
|
438.770 |
546.066 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
255.682
|
176.362 |
199.574 |
|
|
Other Current Liabilities |
320.921
|
262.689 |
333.143 |
|
|
Provisions |
2.918
|
4.295 |
3.543 |
|
Total
Current Liabilities |
579.521
|
443.346 |
536.260 |
|
|
Net Current Assets |
(39.991)
|
(4.576) |
9.806 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
(23.019) |
26.973 |
56.551 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
480.745 |
|
728.955 |
|
|
|
Other Income |
3.858 |
14.749 |
|
|
|
|
TOTAL (A) |
484.603 |
587.041 |
728.955 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of traded goods and decrease in work-in-progress |
291.514 |
325.544 |
NA |
|
|
|
Manufacturing and Other Expenses |
112.279 |
201.174 |
NA |
|
|
|
Employee Costs |
71.505 |
88.969 |
NA |
|
|
|
Selling, General and Administration Expenses |
32.112 |
29.560 |
NA |
|
|
|
TOTAL (B) |
507.410 |
645.247 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(22.807) |
(58.206) |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
20.171 |
17.212 |
14.937 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(42.978) |
(75.418) |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.251 |
12.524 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(49.229) |
(87.942) |
(15.654) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
(3.219) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
(49.229) |
(87.942) |
(12.435) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(94.995) |
(7.053) |
19.488 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
(144.224) |
(94.995) |
(7.053) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales |
0.807 |
|
157.430 |
|
|
|
Service Charges and Commission |
0.000 |
3.693 |
|
|
|
TOTAL EARNINGS |
0.807 |
365.823 |
157.430 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Purchase of Traded goods |
72.324 |
34.092 |
NA |
|
|
TOTAL IMPORTS |
72.324 |
34.092 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.09 |
31.61 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(10.16)
|
(14.98) |
(1.71) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(10.24)
|
(15.37) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.90)
|
(18.84) |
(2.66) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
0.52
|
1.90 |
(1.23) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Net worth) |
|
(6.83)
|
(11.18) |
45.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.93
|
0.99 |
1.02 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
(Rs. In Millions) |
||
|
Micro and Small enterprises |
5.300 |
11.857 |
4.850 |
|
Others |
250.382 |
164.505 |
194.724 |
|
Total |
255.682 |
176.362 |
199.574 |
|
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 |
No |
|
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 701-A, Dipti
Classic, Seventh Floor, 32/34,Suren Road, Andheri (East), Mumbai-400093,
Maharashtra, India to the present
address w.e.f. 01.04.2008
FUTURE PROSPECTS:
The Director are hopeful that the operations of the company will reflect
the expected results in the coming year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74210MH2005FTC155727 |
|
Name of the company |
M X SYSTEMS INTERNATIONAL PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
202-A-202D, 2nd Floor, 194, Arvind Chambers, Western
Express Highway, Andheri (East), Mumbai-400069, Maharashtra, India Email: WittichM@mx-vk.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10123826 |
|
Type of charge |
·
Immovable property ·
Any interest in immovable property ·
Book debts ·
Movable property (not being pledge) ·
Floating charge ·
Other (DP Notes) |
|
Particular of charge holder |
IDBI Bank
Limited 47, Opus Centre, Ground Floor, Central Road, MIDC, Andheri (East),
Mumbai - 400093, Maharashtra, India Email: cy.dhuri@idbi.co.in |
|
Nature of instrument creating charge |
As per 2nd Supplementary Deed of Hypothecation and
facilities Agreement, terms of Sanction letter |
|
Date of instrument Creating the charge |
13.07.2012 |
|
Amount secured by the charge |
Rs. 390.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest As per sanction letter of IDBI Bank as amended from time to time Terms of Repayment As per sanction letter of IDBI Bank as amended from time to time Margin As per sanction letter of IDBI Bank as amended from time to time Extent and Operation of the charge As per sanction letter of IDBI Bank as amended from time to time |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Hypothecation of chargeable current assets i.e. stock, inventory and
book debts. Hypothecation of goods under LC ( All types of present and Future
Current Assets) and Fixed Assets - movables, plant Machinery (present and
future Assets etc). |
|
Particulars of the present modification |
Increase in the limit of the Credit facilities from Rs 370.000
millions to Rs. 390.000 millions for Working Capital Requirement of the
Company on the terms and conditions as per the Sanction Letter dated March 14
2012 issued by IDBI Bank. |
CONTINGENT
LIABILITY
(Rs. in millions)
|
PARTICULARS |
31.03.2011 |
|
|
|
|
Guarantees given
by banks on behalf of the company |
207.000 |
|
|
|
FIXED ASSETS:
v
Tangible Assets
·
Machinery and Equipment
·
Office Equipment
·
Computers
·
Furniture and Fixtures
·
Vehicles
·
Lease Hold Improvements
v
Intangible Assets
·
Computer Software
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.54.91 |
|
|
1 |
Rs.87.38 |
|
Euro |
1 |
Rs.70.24 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
15 |
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.