MIRA
INFORM REPORT
1. Summary Information
|
|
|
Country |
|
|
Company Name |
AUTOCOP ( |
Principal Name 1 |
Ms. Rashmi Umesh Deshpande |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Umesh Pralhad Deshpande |
|
|
|
Registration # |
11-063312 |
|
Street Address |
ATV House, 2nd
Floor, D-8, MIDC, Street No. 16, Andheri (East), Mumbai -400093, Maharashtra,
|
||
|
Established Date |
18.09.1991 |
SIC Code |
-- |
|
Telephone# |
91- 22-30889022 |
Business Style 1 |
Manufacturer |
|
Fax # |
91- 22-30889025 |
Business Style 2 |
Dealer |
|
Homepage |
Product Name 1 |
Automobile Accessories |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.47,897,500/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of Directors - 100.00 % |
Banking |
ICICI Bank |
|
Public Limited Corp. |
NO |
Business Period |
21 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba
(45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
--- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
465,891,000 |
Current Liabilities |
436,199,000 |
|
Inventories |
479,294,000 |
Long-term Liabilities |
326,947,000
|
|
Fixed Assets |
80,209,000 |
Other Liabilities |
99,444,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
862,590,000 |
|
Invest& other Assets |
58,000 |
Retained Earnings |
114,964,000 |
|
|
|
Net Worth |
162,862,000 |
|
Total Assets |
1,025,452,000 |
Total Liab. & Equity |
1,025,452,000 |
|
Total Assets (Previous Year) |
668,034,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Total Income |
2,892,560,000 |
Net Profit |
48,674,000 |
|
Total Income |
2,267,881,000 |
Net Profit(Prev.yr) |
28,033,000 |
|
Report Date : |
20.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
AUTOCOP (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
ATV House, 2nd
Floor, D-8, MIDC, Street No. 16, Andheri (East), Mumbai -400093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.09.1991 |
|
|
|
|
Com. Reg. No.: |
11-063312 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.47.898 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1991PTC063312 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKA01005E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5282A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Dealer of Automobile Accessories. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 651000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to be
usually correct and as per commitments. 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB- (Cash Credit) |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk |
|
Date |
13.10.2010 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
ATV House, 2nd Floor, D-8, MIDC, Street No. 16, Andheri (East), Mumbai
-400093, Maharashtra |
|
Tel. No.: |
91- 22-30889022 |
|
Fax No.: |
91- 22-30889025 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Regional Office : |
·
A 78, Naraina Industrial Area, Phase 1, Naraina,
New Delhi – 110028, India Tel No. : 91-11-25895872 / 74 / 75 / 78 Fax No.: 91-11-25895878 / 79 ·
No. 19/3, Jayanagar, Ground and 1st Floor,
Railway Parallel Z Road, Kumara Park (W), Nehru Nagar, Bangalore – 560020,
Karnataka, India ·
Sagar Estate 2, N.C. Dutta, Sarani, Room No. 21,
Ground Floor, Kolkata – 700001, West Bengal, India Tel No. : 91-33-22108576 |
|
|
|
|
Factory : |
F-14, MIDC, Ambad, Industrial Area, Nashik – 422010, |
|
|
|
|
Branch Office : |
Located at
(They have 25 Branch Offices all over |
DIRECTORS
As on 28.09.2011
|
Name : |
Ms. Rashmi Umesh Deshpande |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
45 and 46, Row House, D’ Souza Colony, Nashik – 422 005, |
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Date of Birth/Age : |
10.05.1970 |
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Qualification : |
CA |
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Date of Appointment : |
01.08.2001 |
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DIN No.: |
00185429 |
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Other Directorship:
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Name : |
Mr. Umesh Pralhad Deshpande |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
45 and 46, Row House, D’ Souza Colony, Nashik – 422 005, |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
27.09.1964 |
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Qualification : |
B.TECH (ELEC) |
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Date of Appointment : |
15.02.1994 |
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DIN No.: |
00185465 |
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Other Directorship:
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2011
|
Names of Shareholders |
|
No. of Shares |
|
Uday P E |
|
174000 |
|
Umesh P Deshpande |
|
1219660 |
|
Rashmi U Deshpande |
|
269660 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2011
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Dealer of Automobile Accessories. |
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Products : |
|
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Company Products |
No. |
No Licence is Required |
Installed Capacity not ascertained |
715214 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
ICICI Bank Limited, Bandra Kurla Complex,
Mumbai-400051, Maharashtra, India ·
Axis
Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Jain Vijay and Company Chartered Accountants |
|
Address : |
305 Sona
Chamber, 507/509 Chira Bazar, JSS Road, 3rd Floor, Mumbai –
400002, Maharashtra, India |
|
PAN No.: |
AACPJ0536E |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4789750 |
Equity Shares |
Rs.10/- each |
Rs.47.898 Millions |
|
|
|
|
|
After 28.09.2011
Authorised Capital : Rs.82.100 Millions
Issued, Subscribed & Paid-up Capital : Rs.47.898 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 |
47.898 |
11.500 |
11.500 |
|
|
2] Share Application Money |
0.000 |
20.000 |
20.000 |
|
|
3] Reserves & Surplus |
114.964 |
66.290 |
38.257 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
162.862 |
97.790 |
69.757 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
319.802 |
294.026 |
147.172 |
|
|
2] Unsecured Loans |
7.145 |
10.017 |
4.074 |
|
|
TOTAL BORROWING |
326.947 |
304.043 |
151.246 |
|
|
DEFERRED TAX LIABILITIES |
3.863 |
2.575 |
1.326 |
|
|
|
|
|
|
|
|
TOTAL |
493.672 |
404.408 |
222.329 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
80.209 |
76.946 |
30.896 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.058 |
0.058 |
0.008 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
479.294
|
312.794
|
203.316
|
|
|
Sundry Debtors |
358.107
|
224.565
|
153.939
|
|
|
Cash & Bank Balances |
20.506
|
26.486
|
0.529
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
87.278
|
27.185
|
23.453
|
|
Total
Current Assets |
945.185
|
591.030
|
381.237
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
413.494
|
210.716
|
128.725 |
|
|
Other Current Liabilities |
95.581
|
0.385
|
1.810
|
|
|
Provisions |
22.705
|
52.525
|
59.277
|
|
Total
Current Liabilities |
531.780
|
263.626
|
189.812
|
|
|
Net Current Assets |
413.405
|
327.404
|
191.425
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
493.672 |
404.408 |
222.329 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
2892.560 |
2232.505 |
1427.732 |
|
|
|
Other Income |
|
35.376 |
35.056 |
|
|
|
TOTAL |
2892.560 |
2267.881 |
1462.788 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
2834.090 |
2223.079 |
1446.324 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
2834.090 |
2223.079 |
1446.324 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
58.470 |
44.802 |
16.464 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.504 |
3.177 |
2.964 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
50.966 |
41.625 |
13.500 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.292 |
13.592 |
7.894 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
48.674 |
28.033 |
5.606 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
289.997 |
|
|
TOTAL IMPORTS |
NA |
NA |
289.997 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
42.33 |
24.38 |
4.87 |
|
%20PRIVATE%20LIMITED%20-%20197356%2020-Oct-2012_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20197356%2020-Oct-2012_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.68 |
1.24 |
0.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
1.86 |
0.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.97 |
6.23 |
3.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.43 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio x(Total Liability/Networth) |
|
5.27 |
5.80 |
4.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78 |
2.24 |
2.01 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
------ |
|
22] |
Litigations that the firm
/ promoter involved in |
------ |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
------ |
|
26] |
Buyer visit details |
------ |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE
The Registered office of the company has been shifted from Mohammadbhai
Esufalli Compold Agra Road, Nashik- 422001, Mumbai, Maharashtra, India to the
present address w.e.f. 01.01.2011
PERFORMANCE
The Sales and
other income of the Company has increased to Rs 2892.560 Millions as compared
to last year Rs 2267.881 Millions and profit after tax also increased to
Rs.48.673 Millions compared to last year Rs.27.992 Millions
CONTINGENT
LIABILITIES NOT PROVIDED FOR (AS ON 31.03.2011)
a) Estimated
amount of contract remaining to be executed on capital account net of advance
Rs. Nil (Previous Year Rs. Nil)
b) Guarantees
given by the bankers of the Company amounting to Rs.0.503 Millions (P.Y Rs.
0.503 Millions) against which margin was kept by bank Rs. 0.503 Million
c) Guarantees
given to bank/financial institution for loan taken by Keystone Appliances
Private Limited, Rs.150.000 Millions, (P.Y.Rs.150.000 Millions)
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U74999MH1991PTC063312 |
|
Name of the company |
AUTOCOP (INDIA) PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
ATV House, 2nd Floor, D-8, MIDC, Street No. 16, Andheri
(East), Mumbai -400093, Maharashtra Email: suranaaj@yahoo.co.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
Modification of charge |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
ICICI Bank, ICICI Bank Limited, Bandra Kurla Complex, Mumbai-400051,
Maharashtra, India Email: avijit.s@icicibank.com
|
|
Nature of instrument creating charge |
Memorandum of Entry |
|
Date of instrument Creating the charge |
29.05.2012 |
|
Amount secured by the charge |
Rs.437.500 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Axis Bank Base rate + 4.00% p.a. payable monthly for facility amount
Rs 357.500 Millions ICICI Bank Cash credit IBase+4.00% p.a and WCDL IBase+2.75% payable
monthly for facility amount Rs 80.000 Millions Terms of Repayment Cash Credit Facility Payable on Demand Margin Axis Bank: cash credit facility=inventory 25%,book debts 40% (with
cover period max 90 days).book debts arising or accounts of bill drawn or
sister/associate concern will not be financed. Bill discounting
facility=10%,bank guarantee=10% ICICI Bank: cash credit and WCDL: inventory 25%,book debts margin 40%
(cover period 90 days). Extent and Operation of the charge First pari passu charge in favour of ICICI Bank Limited and Axis Bank
(Existing charge is being modified in name Of ICICI Bank Limited) |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Plot No 22, Epip Phase II, Thana Tehsil Baddi District Solan, Himachal
Pradesh. |
|
Particulars of the present modification |
Charge is being extended on mortgaged property situated at Plot No 22,
EPIP Phase II, Thana Tehsil Baddi District Solan, Himachal Pradesh, in favour
of ICICI Bank for ICICI Bank facilities of Rs 80.000 Millions |
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 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.53.72 |
|
|
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.70.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.