MIRA
INFORM REPORT
|
Report Date : |
25.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
SEGAL CERAMIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S. No. 166/3, P2, National Highway 8-A, 20 Nala Road, Behind Varmora, Taluka
Wankaner, Dhuva-363622, Gujarat |
|
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Country : |
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Financials (as
on) : |
31.03.2012 |
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|
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|
Date of
Incorporation : |
02.01.2010 |
|
|
|
|
Com. Reg. No.: |
04-059063 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.550 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26914GJ2010PTC059063 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTS06830F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AANCS6859B |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Manufacturer of Wall Tiles |
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|
No. of Employees
: |
22 (Approximately) |
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 97000 |
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|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Even though
the company was incorporated during January 2010, it started its business
activities during September 2010. There appear some accumulated losses recorded by the company. 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.
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Pareshkumar Chaturbhai Kundariya |
|
Designation : |
Director |
|
Contact No.: |
91-7600010155 |
|
Date : |
23.10.2012 |
LOCATIONS
|
Registered Office : |
S. No. 166/3, P2, National Highway 8-A, 20 Nala Road, Behind Varmora,
Taluka Wankaner, Dhuva-363622, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-7600010155 (Mr. Pareshkumar Chaturbhai Kundariya) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 31.08.2012
|
Name : |
Mr. Pareshkumar Chaturbhai Kundariya |
|
Designation : |
Director |
|
Address : |
Avani Park, Shanalal Road, Morbi, India |
|
Date of Birth/Age : |
05.05.1984 |
|
Date of Appointment : |
02.01.2010 |
|
DIN No.: |
02878783 |
|
|
|
|
Name : |
Mr. Maheshbhai Rugnathbhai Kundariya |
|
Designation : |
Director |
|
Address : |
Kaushal Park, Behind Taramani Township, NW 80 Ft Road, District
Surendranagar, Wadhwan, India |
|
Date of Birth/Age : |
28.01.1975 |
|
Date of Appointment : |
02.01.2010 |
|
DIN No.: |
02889804 |
|
|
|
|
Name : |
Mr. Balvantbhai Laljibhai Thoriya |
|
Designation : |
Director |
|
Address : |
Opposite Narayan House, Somaiya Society, Vavdi Road, Morbi, India |
|
Date of Birth/Age : |
02.02.1955 |
|
Date of Appointment : |
01.11.2011 |
|
DIN No.: |
05111990 |
|
|
|
|
Name : |
Mr. Devjibhai Bhagvanjibhai Saradava |
|
Designation : |
Director |
|
Address : |
Madhvan Society, Block No.5, Trajpar, Morbi-363641, India |
|
Date of Birth/Age : |
10.09.1946 |
|
Date of Appointment : |
01.11.2011 |
|
DIN No.: |
05112001 |
|
|
|
|
Name : |
Mr. Kamlesh Shivabhai Rajkotiya |
|
Designation : |
Director |
|
Address : |
At Nesda Surji, Taluka Tabjara, Rajkot-363650, Gujarat, India |
|
Date of Birth/Age : |
01.02.1979 |
|
Date of Appointment : |
01.11.2011 |
|
DIN No.: |
05112015 |
|
|
|
|
Name : |
Mr. Nileshkumar Devjibhai Saradava |
|
Designation : |
Director |
|
Address : |
‘Parth’ Madhvan Society, Block 5, 8A, National Highway, Near Trajpar,
District Rajkot-363642, Morbi, Gujarat, India |
|
Date of Birth/Age : |
06.08.1983 |
|
Date of Appointment : |
01.11.2011 |
|
DIN No.: |
05112020 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.08.2012
|
Names of Shareholders |
No. of Shares |
|
Pareshkumar Chaturbhai Kundariya |
425000 |
|
Prabhulal Nanjibhai Chhatroia |
180000 |
|
Ashvinbhai Balvantbhai Thoriya |
141000 |
|
Kamlesh Shivabhai Rajkotiya |
360000 |
|
Avcharbhai Ramjibhai Kasundra |
120000 |
|
Vashrambhai Amarshibhai Dabhi |
40000 |
|
Maheshbhai Rugnathbhai Kundariya |
533750 |
|
Jayeshbhai Laljibhai Fefar |
160100 |
|
Dineshbhai Prabhubhai Aervadiya |
216000 |
|
Dilipbhai Duralabhjibhai Aghara |
159000 |
|
Vallabhbhai Dayabhai Aghara |
98250 |
|
Arunbhai Manjibhai Patel |
102000 |
|
Jagdishbhai Ratanshibhai Kansagra |
100000 |
|
Shushilaben Thakarshibhai Sanghani |
127500 |
|
Kishorbhai Majibhai Mundadiya |
52500 |
|
Rajnikantbhai Bhavanbhai Jivani |
76000 |
|
Anilbhai Valjibhai Gandhiya |
73000 |
|
Ashikbhai Valjibhai Gadhiya |
30000 |
|
Kantialal Amarshibhai Vadaviya |
105500 |
|
Jayantilal Raghavjibhai Thoriya |
40000 |
|
Ratilal Tulsibhai Vidja |
68000 |
|
Jigneshbhai Babubhai Makasana |
75500 |
|
Jayantilal Karshanbhai Patel |
20000 |
|
A Kanakraj |
100000 |
|
Bhagvanjibhai Popatbhai Bariya |
68000 |
|
Rajeshbhai Amarshibhai Kansagara |
50000 |
|
Rugnathbhai Shivabhai Kundariya |
60000 |
|
Lalitbhai Haribhai Thoriya |
40000 |
|
Balvantbhai Laljibhai Thoriya |
168000 |
|
Devendra Jain |
51000 |
|
Amrutben Vallabhabhai Aghara |
60000 |
|
Muljibhai Devrajbhai Fefar |
9900 |
|
Sanjaybhai Shivabhai Rajkotiya |
50000 |
|
TOTAL
|
3960000 |
AS ON 31.08.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wall Tiles |
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Products : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
PRODUCTION STATUS (AS ON : 31.03.2012)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Tiles |
In Mts. |
20000 |
18047 |
GENERAL INFORMATION
|
Suppliers : |
·
Akta Enterprises ·
G S P C Gas Company Limited ·
Himalay Enterprise ·
Ashok Electric Stores ·
Hopewell Ceramics Private Limited ·
J K Engineering ·
Shree Balaji Colours ·
Platinum Ceramic Art ·
Mahavir Packaging ·
Nobel Cera Coat ·
Om Ceramic Industries ·
Smile Ceramic ·
Spire Cera Frit Private Limited ·
Surface Ceramic ·
Swastika Timber ·
Swellco Ceramic |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Customers : |
Wholesalers and Retailers ·
Naresh Traders ·
Aash Enterprise ·
Agarwal Traders ·
Patel and Company ·
New Shreeji Tiles ·
Nice Plus Cera Decorators ·
Excel Marketing ·
Gitanjali Ceramic ·
Ggrace Ceramic ·
H A Patanwala and Sons ·
Jay Bababhole Traders ·
Super Ceramic ·
S S
Ceramics |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
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No. of Employees : |
22 (Approximately) |
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Bankers : |
·
HDFC Bank Limited ·
Dena Bank, Nehru Gate, Morbi-363641, Gujarat,
India ·
Bank of India ·
Stat Bank of India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
B B Kalaria and Company Chartered Accountant |
|
Address : |
123-Shri Hari Commercial Complex, 6-Savsar Plot, Near Parth Hospital, Ayodhyapuri
Main Road, Morbi-363641, Gujarat, India |
|
PAN No.: |
AQNPK4272B |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2555000 |
Equity Shares |
Rs.10/- each |
Rs. 25.550
Millions |
|
|
|
|
|
NOTES
a. During the year, the company has issued 555000 equity share of Rs. 10
each.
b. The holders of the equity shares are entitled to receive dividends as
declared from time to time, and are entitled to voting rights proportionate to
their share holding at the meetings of shareholders.
c. Following shareholders hold equity shares more than 5% of the total
equity shares of the Company and no other share holder of the Company holds
more than 5 percent of the equity shares.
|
1. Pareshbhai Chaturbhai Kundariya |
8.81% |
|
2. Devjibhai Bhagvanjibhai Saradava |
5.09% |
|
3. Kamleshbhai Shivabhai Rajkotiya |
8.22% |
|
4. Maheshbhai Rugnathbhai Kundariya |
10.18% |
AS ON 31.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4250000 |
Equity Shares |
Rs.10/- each |
Rs. 42.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3960000 |
Equity Shares |
Rs.10/- each |
Rs. 39.600
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 |
25.550 |
20.000 |
20.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
(1.230) |
(3.393) |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
24.320 |
16.607 |
20.000 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
51.011 |
43.200 |
4.462 |
|
|
2] Unsecured Loans |
5.467 |
11.873 |
8.025 |
|
|
TOTAL BORROWING |
56.478 |
55.073 |
12.487 |
|
|
DEFERRED TAX LIABILITIES |
0.806 |
0.851 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
81.604 |
72.531 |
32.487 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
45.093 |
53.540 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
14.879 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
41.417
|
19.075 |
0.000 |
|
|
Sundry Debtors |
36.743
|
19.314 |
0.000 |
|
|
Cash & Bank Balances |
5.228
|
0.781 |
0.824 |
|
|
Other Current Assets |
0.033
|
0.410 |
0.000 |
|
|
Loans & Advances |
3.456
|
4.218 |
17.902 |
|
Total
Current Assets |
86.877
|
43.798 |
18.726 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
40.788
|
22.655 |
1.457 |
|
|
Other Current Liabilities |
9.079
|
2.152 |
0.000 |
|
|
Provisions |
0.499
|
0.000 |
0.015 |
|
Total
Current Liabilities |
50.366
|
24.807 |
1.472 |
|
|
Net Current Assets |
36.511
|
18.991 |
17.254 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.354 |
|
|
|
|
|
|
|
|
TOTAL |
81.604 |
72.531 |
32.487 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income from Operations |
|
184.146 |
58.042 |
|
|
|
Other Income |
|
1.467 |
0.368 |
|
|
|
TOTAL |
|
185.613 |
58.410 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
175.109 |
55.772 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
10.504 |
2.638 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
7.036 |
5.179 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
3.468 |
(2.541) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
1.306 |
0.851 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
2.162 |
(3.392) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.85 |
(1.70) |
|
Expected Sales (2012-2013) : Rs.240.000
The above information has been parted by Mr. Pareshkumar Chaturbhai
Kundariya.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.16
|
(5.81) |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.88
|
(4.38) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.63
|
(2.61) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
(0.15) |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.43
|
4.86 |
0.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72
|
1.77 |
12.72 |
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 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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 |
No |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
40.788
|
22.655 |
1.457 |
|
|
|
|
|
|
TOTAL |
40.788
|
22.655 |
1.457 |
SUNDRY PARTIAL CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
|
|
|
|
Akta Enterprises |
0.056 |
|
|
|
G S P C Gas Company Limited |
2.793 |
|
|
|
Himalay Enterprise |
0.079 |
|
|
|
Ashok Electric Stores |
0.214 |
|
|
|
Hopewell Ceramics Private Limited |
1.302 |
|
|
|
J K Engineering |
0.200 |
|
|
|
Shree Balaji Colours |
0.214 |
|
|
|
Platinum Ceramic Art |
1.428 |
22.655 |
1.457 |
|
Mahavir Packaging |
1.145 |
|
|
|
Nobel Cera Coat |
0.924 |
|
|
|
Om Ceramic Industries |
0.710 |
|
|
|
Smile Ceramic |
5.076 |
|
|
|
Spire Cera Frit Private Limited |
3.712 |
|
|
|
Surface Ceramic |
7.321 |
|
|
|
Swastika Timber |
1.094 |
|
|
|
Swellco Ceramic |
4.240 |
|
|
COMPANY
PERFORMANCE
The company has earned profit of Rs. 2.162 millions on total income of
Rs. 185.613 millions during the year.
FORM 8
|
Corporate
identity number of the company |
U26914GJ2010PTC059063 |
|
Name of the
company |
SEGAL CERAMIC
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
S. No. 166/3, P2, National Highway 8-A, Behind Varmora, Taluka
Wankaner, Dhuva-363622, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10209787 |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Dena Bank, Nehru Gate, Morbi-363641, Gujarat, India |
|
Nature of
instrument creating charge |
Hypothecation
Agreement |
|
Date of
instrument Creating the charge |
25.06.2012 |
|
Amount secured by
the charge |
Rs. 90.437
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest As per Bank rule Terms of repayment As per Bank rule Margin As per Bank rule Extent and operation of the charge First charge of
Dena Bank by way of movable property of the Company |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
all stocks of RM, goods in process, finished goods, stores and spares,
packing materials, PM, present and future Book debts |
|
Particulars of
the present modification |
The Bank has
enhanced the total credit facilities from Rs. 64.500 Millions to 90.437
Millions up[on movable properties and book debts of the Company |
TRADE REFERENCES
·
Naresh Traders
FIXED ASSETS
·
Land
·
Building
·
Machinery
·
Office Furniture
·
Fire Equipments
·
Telephone and Mobile
·
Car
·
Computer
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. 53.67 |
|
|
1 |
Rs. 86.04 |
|
Euro |
1 |
Rs. 70.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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.