MIRA
INFORM REPORT
|
Report Date : |
17.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
KARGWAL ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
KARGWAL CORPORATION |
|
|
|
|
Registered
Office : |
307, Shalimar Morya Park, Behind Hyundai Show Room, Off Link Road,
Andheri (West), Mumbai-400053, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
31.03.2008 |
|
|
|
|
Com. Reg. No.: |
11-180623 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.13.250 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26932MH2008PTC180623 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11675G |
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|
|
|
PAN No.: [Permanent Account No.] |
MUMKL1675G |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Trader of Marble |
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|
|
|
No. of Employees
: |
90 (Approximately) |
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 610000 |
|
|
|
|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is a successor Kargwal Corporation a partnership concern
started in the year 2000. It is an established company having moderated track.
Profitability of the company appears to be low. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealings with some
cautions. |
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 |
CARE |
|
Rating |
A4+ (Short term Bank Facility) |
|
Rating Explanation |
Minimal degree of safety it carry very high risk and are susceptible
to default |
|
Date |
29.11.2011 |
|
Rating Agency Name |
CARE |
|
Rating |
BB+ (Long term Bank facility) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
29.11.2011 |
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. Amit |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-9892452704 |
|
Date : |
17.10.2012 |
LOCATIONS
|
Registered Office : |
307, Shalimar Morya Park, Behind Hyundai Show Room, Off Link Road,
Andheri (West), Mumbai-400053, Maharashtra, India |
|
Tel. No.: |
91-22-40105802 |
|
Mobile No.: |
91-9892452704 (Mr. Vijay) |
|
Fax No.: |
91-22-66791151 |
|
E-Mail : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory : |
Survey No.269/1/1/1/3, Village Athal Naroli Union Territory of Dadra Nagar Havali, Silvassa- 396235,
India |
|
Tel. No.: |
91-260-3294855 |
|
Fax No.: |
91-260-2650466 |
|
Location : |
Owned |
DIRECTORS
As on 22.09.2012
|
Name : |
Mr. Bela Agarwal |
|
Designation : |
Director |
|
Address : |
A-403/ 404, Skypan Co- Operative Housing Society Limited, Oberoi Complex,
Andheri West, Mumbai- 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1963 |
|
Date of Appointment : |
31.03.2008 |
|
DIN No.: |
01858354 |
|
|
|
|
Name : |
Mr. Rajendra Agarwal |
|
Designation : |
Director |
|
Address : |
406, 1st Cross, 6th Mani, 2nd Stage,
Indira Nagar, Bangalore-560038, Karnataka, India |
|
Date of Birth/Age : |
18.12.1959 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
31.03.2008 |
|
DIN No.: |
00145598 |
KEY EXECUTIVES
|
Name : |
Mr. Amit |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 22.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajendra Agarwal |
|
20000 |
|
Bela Agarwal |
|
188000 |
|
Amita Agarwal |
|
44500 |
|
Mamta Agarwal |
|
31000 |
|
Pramod Gupta |
|
2000 |
|
Aayush Agarwal |
|
20000 |
|
Manoj Agarwal |
|
2000 |
|
Matra Homeland Private Limited |
|
507000 |
|
Vijaya Laxmi Agarwal |
|
109500 |
|
Lazwantidevi Agarwal |
|
63000 |
|
Vinita Agarwal |
|
13000 |
|
Sourabh Agarwal |
|
100000 |
|
Rajendra Oil Mill Private Limited |
|
75000 |
|
Goodview Tradecom Private Limited |
|
17500 |
|
Guruji Merchantile Private Limited |
|
17500 |
|
R B Vyapar Private Limited |
|
15000 |
|
Sanwaria Vintrade Private Limited |
|
10000 |
|
Salona Dealtrade Private Limited |
|
12500 |
|
Shalimar Vincom Private Limited |
|
15000 |
|
Punya Leather Private Limited |
|
5000 |
|
Giltedge Vincom Private Limited |
|
7500 |
|
Vanraj Merchantile Privte Limited |
|
12500 |
|
Bansal Projects Private Limited |
|
17500 |
|
Dayanidhi Marketing Private Limited |
|
20000 |
|
Total |
|
1325000 |
Equity Share Break up (Percentage of Total Equity)
As on 22.09.2012
|
Category |
Percentage |
|
Bodies corporate |
55.24 |
|
Directors or relatives of Directors |
44.76 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Marble |
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Imports : |
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Products : |
Marble |
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Countries : |
·
Italy ·
Turkey ·
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Mad Mark |
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Customers : |
Wholesalers and Retailers ·
Cosmo Granites |
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No. of Employees : |
90 (Approximately) |
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Bankers : |
Punjab National Bank (International Banking Branch), 265, Birya House,
Bazargate road, Perin Nariman Street, Fort,
Mumbai- 400001 ,Maharashtra, India |
||||||||||||||||||||||||||||||
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Facilities : |
CC - Rs.150.000 Millions |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
R K Malpani and Associates Chartered Accountants |
|
Address : |
103, A, Shyam Anukampa, 0-11, Ashok Marg, C-Scheme, Jaipur-302001,
Rajasthan, India |
|
Tel. No.: |
91-141-2364313 / 2364513 |
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Fax No.: |
91-141-2364413 |
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E-Mail : |
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Pan No.: |
AABFR2190M |
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|
|
|
Memberships : |
Khandelwal Sitaram Bhagwandas |
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|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1350000 |
Equity Shares |
Rs.10/- each |
Rs.13.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1325000 |
Equity Shares |
Rs.10/- each |
Rs.13.250 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
13.250 |
11.750 |
10.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
139.330 |
105.732 |
85.783 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
152.580 |
117.482 |
95.783 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
176.737 |
131.020 |
84.169 |
|
|
2] Unsecured Loans |
55.729 |
41.943 |
36.817 |
|
|
TOTAL BORROWING |
232.466 |
172.963 |
120.986 |
|
|
DEFERRED TAX LIABILITIES |
0.086 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
385.132 |
290.445 |
216.769 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
66.700 |
33.965 |
28.042 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.593 |
0.661 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
234.223
|
205.715
|
166.456 |
|
|
Sundry Debtors |
220.684
|
162.254
|
103.610 |
|
|
Cash & Bank Balances |
20.097
|
18.374
|
13.775 |
|
|
Other Current Assets |
1.287
|
1.948
|
0.000 |
|
|
Loans & Advances |
55.716
|
104.995
|
43.793 |
|
Total
Current Assets |
532.007
|
493.286
|
327.634 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
195.528
|
210.427
|
115.436 |
|
|
Other Current Liabilities |
17.260
|
26.223
|
24.132 |
|
|
Provisions |
0.787
|
0.749
|
0.000 |
|
Total
Current Liabilities |
213.575
|
237.399
|
139.568 |
|
|
Net Current Assets |
318.432
|
255.887
|
188.066 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
385.132 |
290.445 |
216.769 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
774.939 |
613.303 |
479.154 |
|
|
|
Other Income |
1.630 |
0.918 |
1.117 |
|
|
|
TOTAL (A) |
776.569 |
614.221 |
480.271 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
668.889 |
|
453.108 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(31.692) |
(17.453) |
|
|
|
|
Employee benefits expenses |
7.772 |
6.638 |
|
|
|
|
Other Expenses |
85.759 |
69.945 |
|
|
|
|
TOTAL (B) |
730.728 |
583.580 |
453.108 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
45.841 |
30.641 |
27.163 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
31.190 |
20.784 |
16.883 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.651 |
9.857 |
10.280 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.263 |
4.260 |
5.386 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.388 |
5.597 |
4.894 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.290 |
1.398 |
1.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.098 |
4.199 |
3.628 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
8.982 |
4.783 |
1.155 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14.080 |
8.982 |
4.783 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
2.078 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
328.343 |
|
343.988 |
|
|
|
Stores & Spares |
2.526 |
0.000 |
|
|
|
TOTAL IMPORTS |
330.869 |
426.929 |
343.988 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.85 |
3.57 |
3.63 |
|
Sales Turnover : Rs.300.000 Millions
(01.04.2012 to till Date)
The above information has been parted by Mr. Amit (Accounts Head)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.66
|
0.68 |
0.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.95
|
0.91 |
1.02 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.23
|
1.06 |
1.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Net worth) |
|
0.05
|
0.05 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Net worth) |
|
2.92
|
3.49 |
2.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.49
|
2.08 |
2.35 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS
(Rs.
in Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Sundry Creditors |
195.528
|
210.427
|
115.436 |
|
|
|
|
|
|
Total |
195.528
|
210.427
|
115.436 |
|
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 |
Yes |
|
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
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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
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 A-403/404,
Skypan Co-Operative Housing Society Limited Oberoi Complex, Andheri (West),
MUMBAI, Maharashtra, India 400053 to the present address w.e.f. 08.10.2010
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U26932MH2008PTC180623 |
|
Name of the
company |
KARGWAL
ENTERPRISES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
307, Shalimar Morya Park, Behind Hyundai Show Room, Off Link Road,
Andheri (West), Mumbai-400053, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10149347 |
|
Type of charge |
·
Immovable property ·
Any interest in immovable property |
|
Particular of
charge holder |
Punjab National Bank (International Banking Branch), 265, Birya House,
Bazargate road, Perin Nariman Street, Fort,
Mumbai- 400001 ,Maharashtra, India |
|
Nature of
instrument creating charge |
Letter recording
extension and creation of title deeds dated 19.11.11 for Rs.103.000 Millions
loan sanctioned to Millenium Marlbles Private Limited (By this
submission of modification, the company has created charge on immovable
properties to secure total facilities
of Rs.103.000 Millions which fund base and non fund base limits which
also includes the term loan of
Rs.13.000 Millions sanctioned to Millenium Marlbles Private Limited ) |
|
Date of
instrument Creating the charge |
19.11.2011 |
|
Amount secured by
the charge |
Rs.103.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest By this
submission, the company has created/extended charge on immovable properties
at Mumbai to secure bank for the total facilities sanction to Millenium
Marlbles Private Limited of Rs.103.000 Millions Terms of
Repayment By this
submission, the company has created/extended charge on immovable properties
at Mumbai to secure bank for the total facilities sanction to Millenium
Marlbles Private Limited of Rs.103.000 Millions Margin By this
submission, the company has created/extended charge on immovable properties
at Mumbai to secure bank for the total
facilities sanction to Millenium Marlbles Private Limited OF RS.103.000
Millions. Extent and
Operation of the charge Rs.103.000
Millions and operation of charege on immovable properties at a.
flatno.201a-1, deep complex village naroli, silvassa,to secure bank for the
loan sanctioned to Millenium Marlbles Private Limited |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Flat No.201A-1,
Deep Complex Village Naroli, Silvassa, Owned by Company |
|
Particulars of
the present modification |
By this
submission of modification , the company has created charge on immovable properties at Flat No.201A-1,
Deep Complex Village Naroli, Silvassa,
to secure bank for total facilities of Rs.103.000 Millions sanctioned
to Millenium Marbles Private Limited. |
FIXED ASSETS:
·
Freehold Land
·
Flat at Silvassa
·
Factory Building
·
Plant and Machinery
·
Elect Installation
·
Office Equipments
·
Computers
·
Vehicles
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.52.82 |
|
|
1 |
Rs.84.96 |
|
Euro |
1 |
Rs.68.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
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.