|
Report Date : |
06.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
ELECTRONICA MACHINE TOOLS LIMITED |
|
|
|
|
Registered
Office : |
608/609/1, Saswad, Tal. Purandhar District – Pune – 412301, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
24.06.1975 |
|
|
|
|
Com. Reg. No.: |
11-18397 |
|
|
|
|
Capital Investment/
Paid-up Capital: |
Rs.29.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1975PTC018397 |
|
|
|
|
Legal Form : |
A Public Limited Liability company. The company’s Share are Listed on
the Stock Exchange. |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of All types of electronic, electro
mechanical, electro-chemical instruments and devices, accessories and related
instruments and parts |
|
|
|
|
No. of
Employees: |
Information denied by management |
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 1166000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory. Even though the
company has achieve a better sales during 2011, it has incurred minimal loss. However, networh of the company appears to be good. Trade relations
are reported as decent. Business is active. Payments are reported to be
usually correct. 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
|
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 : |
Mr. Sonavane |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-2115-305500 |
|
Date : |
01.10.2012 |
LOCATIONS
|
Registered Office/Factory : |
608/609/1, Saswad, Tal. Purandhar District – Pune – 412301, |
|
Tel. No.: |
91-2115-222612/13 |
|
Fax No.: |
91-2115-222539 |
|
E-Mail : |
|
|
|
|
|
Nationwide Sales & Service Network: |
Located at ·
Pune ·
·
·
·
Kolkata ·
·
·
·
Mumbai ·
Chennai ·
·
|
|
|
|
|
International Presence: |
Located at ·
·
·
·
·
·
·
Hermakina
·
·
·
·
·
·
|
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Arun Kudale |
|
Designation : |
Director |
|
Address : |
Ravi Kiran, 60, ST Patricks Town, Pune Solapur Road, Hadpasar, Pune
-411013, Maharashtra, India |
|
Date of Birth/Age : |
08.12.1947 |
|
Qualification : |
|
|
Date of Appointment : |
01.09.2010 |
|
Din No.: |
00092685 |
|
|
|
|
Name : |
Mr. Ravindra Ratnaparkhi |
|
Designation : |
Managing Director |
|
Address : |
Manohar, 11 Parijit Co-Operative Housing Society, Bibvewadi, Pune –
411 037, |
|
Date of Birth/Age : |
09.08.1942 |
|
Date of Appointment : |
24.06.1975 |
|
Din No.: |
00180669 |
|
|
|
|
Name : |
Mr. Deepak Shivnandanlal Shrivastava |
|
Designation : |
Director |
|
Address : |
12, Hillrock Society, Behind Mahesh Society, Bibvewadi, Pune – 411
037, |
|
Date of Birth/Age : |
07.02.1955 |
|
Date of Appointment : |
16.08.2010 |
|
Din No.: |
00929668 |
|
|
|
|
Name : |
Ms. Bhavna Sharma |
|
Designation : |
Director |
|
Address : |
50, Vaishlai Apartment, IIT Campus, |
|
Date of Birth/Age : |
07.12.1967 |
|
Date of Appointment : |
30.10.2010 |
|
Din No.: |
00956209 |
|
|
|
|
Name : |
Mr. Ajay Laxman Bhave |
|
Designation : |
Director |
|
Address : |
Yashodhan1, 1411Prabhat Road.Deccan Gymjhana, Pune – 411004, |
|
Date of Birth/Age : |
28.09.1956 |
|
Date of Appointment : |
25.07.2007 |
|
Din No.: |
01846904 |
|
|
|
|
Name : |
Mr. Shiv Ravindra Ratnaparkhi |
|
Designation : |
Director |
|
Address : |
Manohar, 11 Parijit Co-Operative Housing Society, Bibvewadi, Pune –
411 037, |
|
Date of Birth/Age : |
29.11.1980 |
|
Date of Appointment : |
16.08.2010 |
|
Din No.: |
02288526 |
|
|
|
|
Name : |
Mr. Abhishek Suresh Gupta |
|
Designation : |
Director |
|
Address : |
B -504, Raj Rudram, Goukuldham, Opposite, Filmcity Road, Goregaon
(East), Mumbai -400063, Maharashtra, India |
|
Date of Birth/Age : |
16.06.1980 |
|
Date of Appointment : |
25.08.2010 |
|
Din No.: |
02748519 |
KEY EXECUTIVES
|
Name : |
Mr. Kiran Digambar Kulkarni |
|
Designation : |
Secretary |
|
Date of Appointment : |
30.09.1990 |
|
Pan No.: |
ABRPK2103L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
SHARE HOLDING DETAILS ARE NOT AVAILABLE
EQUITY SHARE BREAK UP (PERCENTAGE OF TOTAL EQUITY)
As on 30.09.2011
(AS ON )
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
0.01 |
|
Bodies corporate |
|
29.97 |
|
Directors or relatives of directors |
|
52.97 |
|
Other top fifty shareholders |
|
4.41 |
|
Others |
|
12.64 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of All types of electronic, electro
mechanical, electro-chemical instruments and devices, accessories and related
instruments and parts |
|
|
|
GENERAL INFORMATION
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information denied by management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
State
Bank Of ·
Cosmos
Bank |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Rs.
In Millions
(A) secured by pledge
of 1485007 equity shares held by promoters at present. the debenures held by
IFCI venture capital funds ltd will be secured by charge on the concerned
assets. (B) Secured by
hypothecation of specific vehicle in gavor of cosmos co op bank Limited (C) Working
capital facilities are availed under consortium arrangement of State Bank Of
India and Cosmos Bank. the same is secured by first charge on fixed and
current assets of the company and personal guarantee of R K Ratnaparkhi md
and R R Ratnaparkhi. additionally also secured by corporate guarantee of
shirar investment and finance Private Limited and also by charge on certain
land owned by company at saswad .and also a charge on land owned by Mrs R R
Ratnaparkhi
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G D Apte and Company Chartered Accountant |
|
Address : |
Pune , |
|
Pan No.: |
AAHFG5198A |
|
|
|
|
Related Party : |
· Electronica, · Shira rInvestmen t and Finance Private Limited · Massive Engineering P. Limited · EMS Technology P. Limited · Electronica Exports Private Limited · Aditya Moulding · Electronica Finsmart Solution P Limited ·
SAM Engineers |
CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital : Rs. 45.000 Millions
Issued, Subscribed & Paid-up Capital : 29.000 Millions
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4470000 |
Equity Shares |
Rs.10/- each |
Rs.44.7000 Millions |
|
30000 |
Preference shares |
Rs.10/- each |
Rs.0.300 Millions |
|
|
Total |
|
Rs.45.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2800000 |
Equity Shares |
Rs.10/- each |
Rs.28.000 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 |
28.000 |
19.890 |
19.890 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
263.706 |
273.992 |
241.215 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
291.706 |
293.882 |
261.105 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
355.915 |
0.000 |
272.448 |
|
|
2] Unsecured Loans |
46.346 |
0.000 |
21.839 |
|
|
TOTAL BORROWING |
402.261 |
0.000 |
294.287 |
|
|
DEFERRED TAX LIABILITIES |
8.432 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
702.399 |
293.882 |
555.392 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
232.417 |
0.000 |
256.236 |
|
|
Capital work-in-progress |
28.006 |
0.000 |
1.053 |
|
|
|
|
|
|
|
|
INVESTMENT |
84.668 |
0.000 |
71.025 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
174.016
|
0.000 |
166.239 |
|
|
Sundry Debtors |
247.253
|
0.000 |
193.176 |
|
|
Cash & Bank Balances |
30.857
|
0.000 |
18.976 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.633 |
|
|
Loans & Advances |
207.052
|
0.000 |
103.086 |
|
Total
Current Assets |
659.178
|
0.000 |
482.110 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
186.893
|
0.000 |
141.942 |
|
|
Other Current Liabilities |
82.110
|
0.000 |
113.090 |
|
|
Provisions |
32.867
|
0.000 |
0.000 |
|
Total
Current Liabilities |
301.870
|
0.000 |
255.032 |
|
|
Net Current Assets |
357.308
|
0.000 |
227.078 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
Other Assers |
0.000 |
293.882 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
702.399 |
293.882 |
555.392 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
797.929 |
|
|
|
Other Income |
|
|
17.134 |
|
|
|
TOTAL |
|
|
815.063 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
|
|
497.957 |
|
|
|
Manufacturing service costs |
|
|
6.843 |
|
|
|
Employee related expenses |
|
|
155.406 |
|
|
|
Administrative selling other expenses |
|
|
92.023 |
|
|
|
TOTAL |
|
|
752.229 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
|
62.834 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
|
28.631 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
34.203 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
26.444 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
|
7.759 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ITEMS BEFORE TAX |
|
|
(4.472) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
|
4.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
|
|
(0.873) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
70.753 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
95.988 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
(0.31) |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
688.892 |
590.188 |
|
|
|
Other Income |
|
(0.362) |
4.438 |
|
|
|
TOTAL (A) |
|
688.530 |
594.626 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material |
|
420.508 |
369.817 |
|
|
|
Employee Cost |
|
100.277 |
113.481 |
|
|
|
Establishment expenses |
|
38.085 |
32.164 |
|
|
|
Selling general and other
expenses |
|
35.800 |
58.903 |
|
|
|
TOTAL (B) |
|
594.670 |
574.365 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
93.860 |
20.261 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
27.498 |
35.314 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
66.362 |
(15.053) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
19.750 |
26.243 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
|
46.612 |
(41.296) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
7.544 |
4.936 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
|
39.068 |
(36.360) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
37.179 |
197.863 |
|
|
|
|
|
|
|
|
|
|
TRANSFER
TO RESULTANT COMPANY CONSEQUENT TO DEMERGER |
|
0.000 |
(124.324) |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
|
3.159 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
|
73.088 |
37.179 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
25.064 |
53.278 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
76.142 |
48.430 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(0.11) |
5.67 |
(6.11) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.97) |
6.77 |
() |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.87) |
0.00 |
(8.55) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(2.66) |
0.16 |
(15.82) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.41 |
0.00 |
1.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.18 |
0.00 |
2.12 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
- |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
No |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
|
Date of Birth of
Proprietor/Partner/Director, if available |
No |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
External Agency
Rating, if available |
No |
SUNDRY CREDITORS
DETAILS:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Sundry Creditors |
186.893 |
0.000 |
0.000 |
|
Other Creditors |
0.000 |
0.000 |
141.942 |
|
Total |
186.893 |
0.000 |
141.942 |
OPERATIONS
Financial performance during the year was affected due to increase in costs which could not be off seted by increased
CONTINGENT
LIABILITY NOT PROVIDED FOR IN RESPECT OF:
(Rs. In Millions )
|
|
31.03.2011 |
31.03.2010 |
|
Bank Guarantees |
77.908 |
72.027 |
|
Income Tax |
0.331 |
1.300 |
|
Pending C form collections |
74.589 |
259.215 |
|
Corporate Guarntee Given to Massive Engineering Private Limited |
31.500 |
Nil |
FORM 8
|
Corporate
identity number of the company |
L74999MH1975PLC018397 |
|
Name of the
company |
ELECTRONICA
MACHINE TOOLS LIMITED |
|
Address of the
registered office or of the principal place of business in |
608/609/1, Saswad, Tal. Purandhar District – Pune – 412301, |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Religare Finvest Limited D3, P3B, District Centre, Saket New |
|
Nature of
instrument creating charge |
Facility
Agreement for loan of Rs 92.500 Millions /-[Loan + interest of Rs 182.496
Millions ] for immovable property as per terms of the agreement with Religare
Finvest Limited attached alongwith the schedule and repayable in 120 equal monthly
installments of Rs 1.521 Millions each
at interest of 15.50%[20.00%-4.50%]. |
|
Date of instrument
Creating the charge |
28.04.2012 |
|
Amount secured by
the charge |
Rs. 92.500 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest interest of 15.50%[20.00%-4.50%]. Term
of Payment: 120 equal monthly installments of Rs 1520797/- each Margin nil Extent and
operation of the charge 100% |
|
Short particulars
of the property charged (Including location of the property) |
SNo
691; |
MILESTONES:
1973 : First
Indigenous EDM
1978 : Technical
know how from Swiss co.
1986 : First
4 axes CNC Wirecut EDM
: Export
activity started
1990 : ZNC
EDM launched
1992 : Know
how for ‘PMAC’ from ‘Delta Tau’
1994 : ISO
9001 Certification
: Participated
in EMO
2001 : Started
‘Industrial Automation Division’
2003 : ‘Export
Excellence Award’ from EEPC
2004 : ‘Export
Excellence Award’ from EEPC
2007 : ‘Export
Excellence Award’ from EEPC
2009 : High
end CNC Wirecut EDM ‘ULTIMA’
2011 : ECM launched at IMTEX 2011
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.51.60 |
|
|
1 |
Rs.83.57 |
|
Euro |
1 |
Rs.67.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--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.