|
Report Date : |
09.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
PAL IRON TRADING COMPANY |
|
|
|
|
Registered
Office : |
Barasat Road, Rupyan Nagar, B. D. Office, Sodepur, Kolkata – 700113,
West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
2002 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.379 Millions |
|
|
|
|
PAN No.: [Permanent Account No.] |
BLNPP2764F |
|
|
|
|
Legal Form : |
Sole Proprietory Concern |
|
|
|
|
Line of Business
: |
Trading of Iron Rod and Cement. |
|
|
|
|
No. of Employees
: |
4 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietory concern having satisfactory
track. It has recorded some growth in its sales during 2012. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The concern can be considered 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.
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 PARTED BY
|
Name : |
Mr. Asim Rishikesh Pal |
|
Designation : |
Proprietor |
|
Contact No.: |
91-9051912495 |
|
Date : |
08.10.2012 |
LOCATIONS
|
Registered Office : |
Barasat Road, Rupyan Nagar, B. D. Office, Sodepur, Kolkata – 700113,
West Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9051912495 (Mr. Asim Rishikesh Pal) |
|
Fax No.: |
Proprietor |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Asim Rishikesh Pal |
|
Designation : |
Proprietor |
|
Date of Birth/Age : |
01.01.1967 |
|
Voter ID No.: |
CKW1296720 |
BUSINESS DETAILS
|
Line of Business : |
Trading of Iron Rod and Cement. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
4 (Approximately) |
|
|
|
|
Bankers : |
· Allahabad Bank Sodepur Branch, Kolkata, West Bengal, India |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. K. Deb and Company Chartered Accountant |
|
Address : |
8/2, Kiran Sankar Roy Road, Room No.21 and 22, 1st Floor,
Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-33-22211027/ 24669733 |
|
Mobile No.: |
91-9432641733 |
CAPITAL STRUCTURE
CAPITAL ACCOUNT AS ON
31.03.2012
|
Particular |
Amount (Rs. In Millions) |
|
|
|
|
As per Last A/c |
9.439 |
|
Add: Fress
Investment |
0.600 |
|
Add: Net Profit |
0.556 |
|
|
10.595 |
|
Less: Drawings |
0.216 |
|
|
|
|
Total |
10.379 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note: Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
10.379 |
9.439 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
10.379 |
9.439 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
0.000 |
0.000 |
|
|
TOTAL BORROWING |
|
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
10.379 |
9.439 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
4.188 |
4.197 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
5.742 |
4.869 |
|
|
Sundry Debtors |
|
1.963 |
1.884 |
|
|
Cash & Bank Balances |
|
0.046 |
0.056 |
|
|
Other Current Assets |
|
0.000 |
0.000 |
|
|
Loans & Advances |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
7.751 |
6.809 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
1.443 |
1.456 |
|
|
Other Current Liabilities |
|
0.097 |
0.095 |
|
|
Provisions |
|
0.020 |
0.016 |
|
Total
Current Liabilities |
|
1.560 |
1.567 |
|
|
Net Current Assets |
|
6.191 |
5.242 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
10.379 |
9.439 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
57.681 |
44.066 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
57.681 |
44.066 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
54.520 |
41.344 |
|
|
|
Carriage Inward |
|
0.405 |
0.393 |
|
|
|
Coolie Charges |
|
0.370 |
0.451 |
|
|
|
Salary and Bonus |
|
0.296 |
0.297 |
|
|
|
Telephone Expenses |
|
0.064 |
0.055 |
|
|
|
Electricity |
|
0.055 |
0.044 |
|
|
|
Conveyance Expenses |
|
0.066 |
0.045 |
|
|
|
Tea and Tiffin |
|
0.066 |
0.044 |
|
|
|
Commission |
|
0.446 |
0.286 |
|
|
|
General Expense |
|
0.084 |
0.063 |
|
|
|
Staff Welfare Expenses |
|
0.083 |
0.062 |
|
|
|
Donation and Subscription |
|
0.091 |
0.006 |
|
|
|
Accounting charges |
|
0.072 |
0.075 |
|
|
|
Carriage Outward |
|
0.246 |
0.198 |
|
|
|
Travelling Expenses |
|
0.103 |
0.092 |
|
|
|
Audit Fees |
|
0.025 |
0.020 |
|
|
|
Other Expenses |
|
0.104 |
0.093 |
|
|
|
TOTAL |
|
57.096 |
43.568 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.585 |
0.498 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.009 |
0.011 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.576 |
0.487 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.020 |
0.015 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.556 |
0.472 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
0.96 |
1.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
1.00 |
1.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
4.82 |
4.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.06 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
0.15 |
0.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
4.97 |
4.35 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENT
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2014 |
|
|
(Estimated) |
(Projected) |
|
|
|
|
|
Domestic Sales |
75.000 |
97.000 |
|
Exports Sales |
0.000 |
0.000 |
|
Gross Sales |
75.000 |
97.000 |
|
|
|
|
|
Less: Excise Duty/ Sales Tax |
0.000 |
0.000 |
|
Add: Other Operating Income |
0.000 |
0.000 |
|
|
|
|
|
Net Sales |
75.000 |
97.000 |
|
|
|
|
|
% age rise (+) or Fall (-) in Net Sales as compared to previous
year |
30.03% |
29.33% |
|
|
|
|
|
COST
OF SALES |
|
|
|
|
|
|
|
Raw Material (Including Stored and Other items used in the process of Manufacture) |
|
|
|
Imported |
0.000 |
0.000 |
|
Indigenous |
69.942 |
90.400 |
|
|
|
|
|
Stores and Spares |
0.000 |
0.000 |
|
Power and Fuel |
0.065 |
0.080 |
|
Direct Labour (Factory Wages and Salary) |
0.500 |
0.600 |
|
Other Manufacturing Expenses |
0.000 |
0.000 |
|
Depreciation |
0.008 |
0.029 |
|
|
|
|
|
Sub Total |
70.515 |
91.109 |
|
|
|
|
|
Add: Opening Stock in Process |
0.000 |
0.000 |
|
|
|
|
|
Deduct : Closing Stock in Process |
0.000 |
0.000 |
|
|
|
|
|
Cost
of Production |
70.515 |
91.109 |
|
Cost
of Production as % of Gross Sales |
94.02% |
93.93% |
|
|
|
|
|
Add : Opening Stock of Finished Goods |
0.000 |
0.000 |
|
|
|
|
|
Less: Closing Stock of Finished Goods |
0.000 |
0.000 |
|
|
|
|
|
Cost of Sales |
70.515 |
91.109 |
|
Cost of Sales as % of Gross Sales |
94.02% |
93.93% |
|
|
|
|
|
Selling, General and Administrative
Expenses |
2.490 |
3.121 |
|
|
|
|
|
Profit Before Interests
and Tax (PBIT) |
1.995 |
2.770 |
|
PBIT as % Gross
Sales |
2.66% |
2.86% |
|
|
|
|
|
Interests and Other Financial Charges |
0.725 |
1.087 |
|
Interests and Financial Charges as % of Sales |
0.97% |
1.12% |
|
|
|
|
|
Operating Profit Before Tax (OPBT) |
1.270 |
1.683 |
|
OPBT as % of Gross Sales |
1.69% |
1.74% |
|
|
|
|
|
Add: Other Non-operative Income |
0.000 |
0.000 |
|
|
|
|
|
Less: Other Non-Operative Expenses |
0.000 |
0.000 |
|
|
|
|
|
Profit before
Taxes |
1.270 |
1.683 |
|
|
|
|
|
Less: Tax Provision |
0.150 |
0.200 |
|
|
|
|
|
Net Profit After Tax |
1.120 |
1.483 |
|
PAT as % of Gross Sales |
1.49% |
1.53% |
|
|
|
|
|
Retained Profit |
1.120 |
1.483 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
31.03.2013 |
31.03.2014 |
|
|
(Estimated) |
(Projected) |
|
CURRENT
LIABILITIES |
|
|
|
Short – Term borrowings from banks [including bill
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
From applicant Banks |
7.500 |
7.500 |
|
From Other Banks |
0.000 |
0.000 |
|
Of which BP and BD |
|
|
|
|
|
|
|
Sub
Total (A) |
7.500 |
7.5400 |
|
|
|
|
|
Short Term Borrowings from others |
0.000 |
0.000 |
|
Sundry creditors [Trade] |
0.650 |
0.700 |
|
Sundry creditors [Expenses] |
0.000 |
0.000 |
|
Advance payments from customers/ deposits from dealers |
0.000 |
0.000 |
|
Provision of taxes |
0.150 |
0.200 |
|
Dividend Payable |
0.000 |
0.000 |
|
Other Statutory Liabilities (Due within one year) |
0.114 |
0.124 |
|
Deposits/ Installments of Term/ loans/DPGs/Debentures etc. (Due within one year) |
0.000 |
0.000 |
|
Other current liabilities and provision (Due within one year) |
0.000 |
0.000 |
|
|
|
|
|
Sub
– Total (B) |
0.914 |
1.024 |
|
|
|
|
|
Total
Current Liabilities |
8.414 |
8.524 |
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
Debentures (Not Maturing within one year) |
0.000 |
0.000 |
|
|
|
|
|
Unsecured Loans from Directors (Redeemable after one year) |
0.000 |
0.000 |
|
|
|
|
|
Term Loans (Excluding Installment) |
0.000 |
0.000 |
|
|
|
|
|
Deferred Installment (Due within one year) |
0.000 |
0.000 |
|
|
|
|
|
Term deposit (repayable one year |
0.000 |
0.000 |
|
Other Term Liabilities |
0.000 |
0.000 |
|
|
|
|
|
Total
Term Liabilities |
0.000 |
0.000 |
|
Total
of Outside Liabilities |
8.414 |
8.524 |
|
|
|
|
|
Net
Worth |
|
|
|
Share Capital Account |
10.380 |
11.000 |
|
General Reserve |
0.000 |
0.000 |
|
Shares Premium Account |
0.000 |
0.000 |
|
Plus (+) or deficit (-) in Profit and Loss Account others (Specify) |
1.120 |
1.483 |
|
Differed Tax Liability |
0.000 |
0.000 |
|
Less: Revolution Reserve |
0.500 |
0.700 |
|
|
|
|
|
Net Worth |
11.000 |
11.783 |
|
|
|
|
|
TOTAL LIABILITIES |
19.414 |
20.307 |
|
|
|
|
|
ASSETS |
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
Cash and Bank Balance |
0.234 |
0.118 |
|
|
|
|
|
Fixed deposit with bank |
0.000 |
0.000 |
|
Receivable Other than Exports |
5.000 |
4.500 |
|
|
|
|
|
Installment of deferred receivable (due within one year) |
0.000 |
0.000 |
|
|
|
|
|
INVENTORY: |
|
|
|
Raw materials
(including stores and other item used in the process of manufacturing) |
|
|
|
Imported |
0.000 |
0.000 |
|
Indigenous |
8.500 |
11.500 |
|
|
|
|
|
Stock – in – process |
0.000 |
0.000 |
|
Finished Goods |
0.000 |
0.000 |
|
|
|
|
|
Other Consumable Spares |
0.000 |
0.000 |
|
Imported Consumables |
0.000 |
0.000 |
|
Indigenous Consumables |
0.000 |
0.000 |
|
|
|
|
|
Advance to Suppliers of Raw materials and stores and
spares |
0.000 |
0.000 |
|
Advances Payments Taxes |
0.000 |
0.000 |
|
Other current assets |
1.500 |
0.000 |
|
|
|
|
|
TOTAL
CURRENT ASSETS |
15.234 |
16.118 |
|
|
|
|
|
FIXED
ASSETS |
|
|
|
Gross Block |
4.188 |
4.217 |
|
Depreciation to date |
0.008 |
0.028 |
|
|
|
|
|
NET
BLOCK |
4.180 |
4.189 |
|
|
|
|
|
Investment/ books debts/ advances/ exposits which are not
current assets |
0.000 |
0.000 |
|
Investment in subsidiary company |
0.000 |
0.000 |
|
Others Investment |
0.000 |
0.000 |
|
Security Deposits |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
0.000 |
0.000 |
|
|
|
|
|
Intangible assets |
0.000 |
0.000 |
|
|
|
|
|
TOTAL
ASSETS |
19.414 |
20.307 |
------------------------------------------------------------------------------------------------------------------------------
SUMMARY OF FINANCIAL POSITION
|
STATEMENT OF FINANCIAL ANALYSIS |
31.03.2013 (Estimated) |
31.03.2014 (Projected) |
|
A. PROFILE ANALYSIS
|
|
|
|
Total Assets (Tangible) |
19.414 |
20.307 |
|
Total Outside Liabilities (TOL) |
8.414 |
8.524 |
|
Tangible Networth (TNW) |
11.000 |
11.783 |
|
Net Sales |
75.000 |
97.000 |
|
PBDI |
2.003 |
2.799 |
|
Operating Profit (OPBT) |
1.270 |
1.683 |
|
Net Profit |
1.120 |
1.483 |
|
Gross Cash Accruals |
1.128 |
1.512 |
|
Term Liabilities to Gross Cash Accrual |
0.000 |
0.000 |
|
Net Working Capital |
6.820 |
7.594 |
|
% of NWC to Current Assets |
44.77% |
47.12% |
|
Current Assets to Net Sales |
20.31% |
16.62% |
|
|
|
|
|
B. LIQUIDITY ANALYSIS |
|
|
|
Current Ratio |
1.81 |
1.89 |
|
Quick Ratio |
0.80 |
0.054 |
|
|
|
|
|
C. PROFITABILITY ANALYSIS |
|
|
|
PBDIT/ Net Sales (%) |
2.67% |
2.89% |
|
OPBT/ Net Sales (%) |
1.69% |
1.74% |
|
Net Profit / Net Sales (%) |
1.49% |
1.53% |
|
Returns on Assets (%) |
5.77% |
7.30% |
|
Retained Profits / Net Profits (%) |
100.00% |
100.00% |
|
Return on Net Worth (%) |
10.18% |
12.59% |
|
|
|
|
|
D. ACTIVITY ANALYSIS (IN DAYS) |
|
|
|
Receivable Turnover – Domestic |
24 |
17 |
|
Receivable Turnover – Exports |
-- |
-- |
|
Inventory Turnover |
41 |
43 |
|
Accounts Payable Turnover |
3 |
3 |
|
Fixed Assets Turnover Ratio |
18.19 |
23.64 |
|
|
|
|
|
E. GROWTH RATIOS |
|
|
|
Net Sales Growth (%) |
30.03% |
29.33% |
|
Net Profit Growth (%) |
101.08% |
32.41% |
|
Net Worth Growth (%) |
5.97% |
7.12% |
|
|
|
|
|
F. LEVERAGE AND OTHER RATIOS |
|
|
|
TOL/TNW |
0.76 |
0.72 |
|
DER |
0.00 |
0.00 |
|
DSCR |
2.56 |
2.39 |
|
CFDSCR |
1.69 |
1.68 |
|
FACR |
-- |
-- |
|
Net Operating Cash Flow (NOCF) |
12.25 |
18.25 |
|
Interests Cover |
2.76 |
2.57 |
|
CFICR |
1.69 |
1.68 |
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.52.21 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.67.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
NO |
|
--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 |
|
42 |
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.