1. Summary Information
|
|
|
Country |
India |
|
Company Name |
BABA SALES
PRIVATE LIMITED |
Principal Name 1 |
Mr. Shyam Lohia |
|
Status |
Moderate |
Principal Name 2 |
Mr. Deepak Agarwal |
|
|
|
Registration # |
03-010198 |
|
Street Address |
8,
Aditya Arcade, Exhibition Road, Patna – 800001, Bihar, India |
||
|
Established Date |
26.05.2003 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Wholesale Trading |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Electronic Goods |
|
# of employees |
Not Available |
Product Name 2 |
Electrical Goods |
|
Paid up capital |
Rs.1,900,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate – 80% Directors or
relatives of Directors – 20% |
Banking |
State Bank of
India |
|
Public Limited Corp. |
NO |
Business Period |
9 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
B
(33) |
|
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 |
15,132,000 |
Current Liabilities |
3,416,000 |
|
Inventories |
6,571,000 |
Long-term Liabilities |
8,819,000 |
|
Fixed Assets |
110,000 |
Other Liabilities |
281,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
12,516,000 |
|
Invest& other Assets |
100,000 |
Retained Earnings |
4,497,000 |
|
|
|
Net Worth |
9,397,000 |
|
Total Assets |
21,913,000 |
Total Liab. & Equity |
21,913,000 |
|
Total Assets (Previous Year) |
15,273,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
167,617,000 |
Net Profit |
548,000 |
|
Sales(Previous yr) |
76,369,000 |
Net Profit(Prev.yr) |
257,000 |
|
Report Date : |
22.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
BABA SALES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8, Aditya Arcade, Exhibition Road, Patna – 800001, Bihar |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.05.2003 |
|
|
|
|
Com. Reg. No.: |
03-010198 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.900 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51109BR2003PTC010198 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB2038G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Wholesale Trading of Electronic and Electrical Goods |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 38000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. It has achieved
better growth in its sales turnover during 2011. Profitability 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 caution.
|
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 |
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 : |
8, Aditya Arcade, Exhibition Road, Patna – 800001, Bihar,
India |
|
Tel. No.: |
Not Available |
|
|
91-9334101144 (Mr. Deepak Agarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Shyam Lohia |
|
Designation : |
Director |
|
Address : |
2AE Block, Pushp Bihar, Exhibition Road, Patna - 800001, Bihar, India |
|
Date of Appointment : |
26.05.2003 |
|
DIN No.: |
01659042 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51109BR2003PTC010198 |
BABA
SALES PRIVATE LIMITED |
Director |
26/05/2003 |
26/05/2003 |
- |
Active |
NO |
|
2 |
U51505BR1996PTC007469 |
PALLAVI
MARKETING PRIVATE LIMITED |
Director |
04/08/2006 |
04/08/2006 |
- |
Active |
NO |
|
3 |
U60231BR2008PTC013984 |
S S
LOGISTICS PRIVATE LIMITED |
Director |
07/10/2008 |
07/10/2008 |
- |
Active |
NO |
|
Name : |
Mr. Deepak Agarwal |
|
Designation : |
Director |
|
Address : |
Dwarkakunj Road No. 12, Rajendra Nagar, Patna - 800016, Bihar, India |
|
Date of Appointment : |
26.05.2003 |
|
DIN No.: |
01664877 |
|
|
|
|
Name : |
Mr. Ajay Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
Dwarkakunj Road No. 12, Rajendra Nagar, Patna - 800016,
Bihar, India |
|
Date of Appointment : |
08.11.2003 |
|
DIN No.: |
01717459 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51505BR1996PTC007469 |
PALLAVI
MARKETING PRIVATE LIMITED |
Director |
02/01/2001 |
02/01/2001 |
- |
Active |
NO |
|
2 |
U51109BR2003PTC010198 |
BABA
SALES PRIVATE LIMITED |
Director |
08/11/2003 |
08/11/2003 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Deepak Agarwal |
|
1,775 |
|
Shyam Lohiya |
|
525 |
|
Shankutala Devi Lohia |
|
1,350 |
|
Rakhi Agrawal |
|
100 |
|
Keshav Engineering Company Private Limited |
|
6,500 |
|
Swastika Trafins Private Limited |
|
2,500 |
|
Taj Vincow Private Limited |
|
1,250 |
|
Kishan Chemicals and Fertilizer Private Limited |
|
2,500 |
|
Scionara Finvest Private Limited |
|
2,500 |
|
Total |
|
19,000 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
80.00 |
|
Directors or relatives of Directors |
20.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesale Trading of Electronic and Electrical Goods |
GENERAL INFORMATION
|
Suppliers : |
· Bharti Telemedia Limited · Samsung India Electronics Private Limited · Pallavi Marketing Private Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Specialised Commercial
Branch, Dak Bungalow Road, Patna - 800001, Bihar, India ·
HDFC Bank |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A. K. Salampuria and Associates Chartered Accountants |
|
Address : |
Ist Floor, Above Mica Sales, Exhibition Road, Patna – 800001, Bihar,
India |
|
Tel. No.: |
91-612-6531293 |
|
Mobile No.: |
91-9334112075 / 9934123121 / 9835224585 |
|
E-Mail : |
|
|
PAN No.: |
AAFFA1003L |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000 |
Equity Shares |
Rs.100/- each |
Rs.2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19000 |
Equity Shares |
Rs.100/- each |
Rs.1.900
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 |
1.900 |
1.900 |
1.000 |
|
|
2] Share Application Money |
3.000 |
2.000 |
3.600 |
|
|
3] Reserves & Surplus |
4.497 |
4.171 |
1.245 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
9.397 |
8.071 |
5.845 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1.726 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
7.093 |
2.423 |
0.073 |
|
|
TOTAL BORROWING |
8.819 |
2.423 |
0.073 |
|
|
DEFERRED TAX LIABILITIES |
0.005 |
0.014 |
0.007 |
|
|
|
|
|
|
|
|
TOTAL |
18.221 |
10.508 |
5.925 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.110 |
0.110 |
0.163 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.100 |
0.300 |
0.300 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
6.571
|
6.267 |
1.429 |
|
|
Sundry Debtors |
13.186
|
6.146 |
2.309 |
|
|
Cash & Bank Balances |
1.251
|
1.374 |
1.143 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.695
|
1.076 |
0.720 |
|
Total
Current Assets |
21.703
|
14.863 |
5.601 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.416
|
4.636 |
0.008 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.028 |
|
|
Provisions |
0.276
|
0.129 |
0.105 |
|
Total
Current Liabilities |
3.692
|
4.765 |
0.141 |
|
|
Net Current Assets |
18.011
|
10.098 |
5.460 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.002 |
|
|
|
|
|
|
|
|
TOTAL |
18.221 |
10.508 |
5.925 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
167.617 |
76.369 |
11.640 |
|
|
|
Other Income |
0.201 |
1.549 |
0.304 |
|
|
|
TOTAL (A) |
167.818 |
77.918 |
11.944 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
165.022 |
80.890 |
12.991 |
|
|
|
Selling and Administrative Expenses |
1.963 |
1.461 |
0.332 |
|
|
|
(Increase)/Decrease in stock |
(0.303) |
(4.838) |
(1.427) |
|
|
|
TOTAL (B) |
166.682 |
77.513 |
11.896 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.136 |
0.405 |
0.048 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.548 |
0.094 |
0.001 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.588 |
0.311 |
0.047 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.040 |
0.054 |
0.018 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.548 |
0.257 |
0.029 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.222 |
0.031 |
0.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.326 |
0.226 |
0.020 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.571 |
0.345 |
0.325 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.897 |
0.571 |
0.345 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.15 |
12.61 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.19
|
0.29 |
0.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.33
|
0.34 |
0.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.51
|
1.72 |
0.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.03 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.33
|
0.89 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.88
|
3.12 |
39.72 |
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 |
Yes |
|
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 |
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 |
No |
NOTE:
The registered office address of the company has been shifted from “6 and 7, Ashoka Place, Ground Floor, Exhibition Road, Patna - 800001, Bihar, India” to the present address.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51109BR2003PTC010198 |
|
Name of the company |
BABA SALES PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
6 and 7, Ashoka Place, Ground Floor, Exhibition Road, Patna - 800001, Bihar, India E-mail Id : sujeet201@sify.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable Property Book Debts Others (stock of all current and future stock receivable) |
|
Particular of charge holder |
State Bank of India, Specialised Commercial Branch, Dak Bungalow Road, Patna - 800001, Bihar, India E-mail Id : sarfaraz.arshad@sbi.co.in |
|
Nature of instrument creating charge |
Letter of arrangement Supplemental agreement of loan cum hypothecation Guarantee agreement |
|
Date of instrument Creating the charge |
30/06/2010 |
|
Amount secured by the charge |
Rs.4.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 1) working capital --interest @ 2% above SBAR(SBAR 11.75% with a minimum of 13.75% p.a Terms of Repayment 1)working capital repayable on demand Margin Finished Goods 25% Extent and Operation of the charge 1) Hypothecation of stock of all current future stock receivable. 2) Land and building at Dariyapur, P.S Pirbahore, Patna with original deed no.6409 dt.05.07.07, Area-909 SBL in the name of Mr. Sanjay Agrawal, Mr. Vijay Agarwal, Mrs. Dimple Agrawal. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Land and building at Dariyapur, P.S Pirbahore, Patna with original deed no.6409 dt.05.07.07, Area-909 SBL in the name of Mr. Sanjay Agrawal, Mr. Vijay Agarwal, Mrs. Dimple Agrawal. |
FIXED ASSETS:
·
Computer
·
Plant and
Machinery
·
Motor Cycle
·
Office Equipment
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.53.72 |
|
|
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.70.17 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
33 |
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.