MIRA
INFORM REPORT
|
Report Date : |
27.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
INDIGO PAINTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
28.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-014669 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.398 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24114PN2000PTC014669 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEI00748G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Decorative Paints |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered for normal 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 |
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 : |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra,
India |
|
Tel. No.: |
91-20-30401151 |
|
Fax No.: |
91-20-30401154 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
103, Montreal Tower-I, Pallord Farm, Farm, Baner Road, Pune-411045,
Maharashtra, India |
|
Tel. No.: |
91-20-27291612 / 27291614 |
|
|
|
|
Factory : |
F-910, Boranada Industrial Area, Phase IV, Jodhpur-342012, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Hemant Kamala Prasad Jalan |
|
Designation : |
Director |
|
Address : |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra,
India |
|
Date of Birth/Age : |
23.08.1957 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
00080942 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24230BR1984PTC001920 |
HALOGEN
CHEMICALS PRIVATE LIMITED |
Director |
04/01/1984 |
04/01/1984 |
Active |
NO |
|
2 |
U24114PN2000PTC014669 |
INDIGO
PAINTS PRIVATE LIMITED |
Director |
28/03/2000 |
28/03/2000 |
Active |
NO |
|
3 |
U28991BR1983PTC001816 |
QUALITY
FASTERNERS PRIVATE LIMITED |
Director |
15/01/2007 |
15/01/2007 |
Strike
off |
NO |
|
4 |
U00300BR1988PTC002989 |
PARAG
CHROMATES PRIVATE LIMITED |
Director |
15/01/2007 |
15/01/2007 |
Active |
NO |
|
5 |
U72900MH2004PTC147993 |
ZEUS
NUMERIX PRIVATE LIMITED |
Director |
15/12/2007 |
15/12/2007 |
Active |
NO |
|
Name : |
Ms. Anita Hemant Jalan |
|
Designation : |
Director |
|
Address : |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra,
India |
|
Date of Birth/Age : |
31.10.1931 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
00085411 |
|
|
|
|
Name : |
Mr. Kamala Prasad Tejpal Jalan |
|
Designation : |
Director |
|
Address : |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra, India |
|
Date of Birth/Age : |
03.09.1960 |
|
Date of Appointment : |
28.03.2000 |
|
DIN No.: |
00085453 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24230BR1984PTC001920 |
HALOGEN
CHEMICALS PRIVATE LIMITED |
Whole-time
director |
04/01/1984 |
04/01/1984 |
Active |
NO |
|
2 |
U24114PN2000PTC014669 |
INDIGO
PAINTS PRIVATE LIMITED |
Director |
28/03/2000 |
28/03/2000 |
Active |
NO |
|
3 |
U00300BR1988PTC002989 |
PARAG
CHROMATES PRIVATE LIMITED |
Director |
15/01/2007 |
15/01/2007 |
Active |
NO |
|
4 |
U28991BR1983PTC001816 |
QUALITY
FASTERNERS PRIVATE LIMITED |
Director |
15/01/2007 |
15/01/2007 |
Strike
off |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Hemant Kamala Prasad Jalan |
99300 |
|
Kamala Prasad Tejpal Jalan |
27100 |
|
Anita Hemant Jalan |
84422 |
|
Halogen Chemicals Private Limited, India |
76278 |
|
Parag Hemant Jalan |
25000 |
|
Tarabai Kamalaprasad Jalan |
127700 |
|
TOTAL
|
439800 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
17.34 |
|
Directors or relatives of Directors |
82.66 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Decorative Paints |
||||||||
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|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
31.03.2011 |
|
Installed Capacity |
MT |
15000 |
|
Actual Production |
MT |
9218.220 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Canara Bank, Koregaon Park Branch, Koregaon,
Pune-411001, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
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|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C R Sagdeo and Company Chartered Accountant |
|
Address : |
GC-1, Shiv Vilas, 103, Bahirat Wadi, Off Senapati Bapat Road,
Pune-411016, Maharashtra, India |
|
Tel. No.: |
91-20-25638679 |
|
Fax No.: |
91-20-25638437 |
|
E-Mail : |
|
|
PAN No.: |
AABFC9503D |
|
|
|
|
Related Party : |
·
Halogen Chemicals Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
Rs.10/- each |
Rs. 4.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
439800 |
Equity Shares |
Rs.10/- each |
Rs. 4.398
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 |
4.398 |
4.398 |
3.898 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.499 |
|
|
3] Reserves & Surplus |
25.968 |
15.895 |
7.461 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
30.366 |
20.293 |
11.858 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
67.493 |
43.540 |
34.598 |
|
|
2] Unsecured Loans |
1.130 |
2.286 |
4.198 |
|
|
TOTAL BORROWING |
68.623 |
45.826 |
38.796 |
|
|
DEFERRED TAX LIABILITIES |
0.274 |
0.000 |
0.112 |
|
|
LONG TERM LIABILITIES |
4.099 |
1.399 |
1.700 |
|
|
|
|
|
|
|
|
TOTAL |
103.362 |
67.518 |
52.466 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
38.658 |
20.360 |
17.082 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.046 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
51.817
|
38.540 |
33.611 |
|
|
Sundry Debtors |
72.545
|
40.497 |
25.971 |
|
|
Cash & Bank Balances |
4.318
|
3.598 |
1.394 |
|
|
Other Current Assets |
7.371
|
6.468 |
0.779 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
136.051
|
89.103 |
61.755 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
56.814
|
31.709 |
21.389 |
|
|
Other Current Liabilities |
4.794
|
4.242 |
2.745 |
|
|
Provisions |
9.739
|
6.040 |
2.237 |
|
Total
Current Liabilities |
71.347
|
41.991 |
26.371 |
|
|
Net Current Assets |
64.704
|
47.112 |
35.384 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
103.362 |
67.518 |
52.466 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
354.446 |
229.185 |
144.841 |
|
|
|
Other Income |
2.050 |
2.323 |
0.668 |
|
|
|
TOTAL (A) |
356.496 |
231.508 |
145.509 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Manufacturing Expenses |
|
126.973 |
81.507 |
|
|
|
Selling and Distribution Expenses |
|
79.334 |
44.638 |
|
|
|
Administrative Expenses |
|
5.072 |
3.374 |
|
|
|
Directors Remuneration |
|
2.520 |
1.416 |
|
|
|
Increase in Stock |
|
(2.130) |
1.655 |
|
|
|
TOTAL (B) |
340.489 |
211.769 |
132.590 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
[Including Financial |
19.739 |
12.919 |
|
|
|
|
Expenses |
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
And |
6.207 |
6.592 |
|
|
|
|
Depreciation] |
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
13.532 |
6.327 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
2.545 |
2.025 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
16.007 |
10.987 |
4.302 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.433 |
2.337 |
1.098 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
10.574 |
8.650 |
3.204 |
|
|
|
|
|
|
|
|
|
|
Transfer to
General Reserve |
NA |
1.730 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Proposed
dividend including corporate tax on dividend |
NA |
0.227 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
14.187 |
7.494 |
4.290 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
23.191 |
14.187 |
7.494 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
9.161 |
1.529 |
NA |
|
|
TOTAL IMPORTS |
9.161 |
1.529 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
24.04 |
19.67 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.97
|
3.74 |
2.20 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.52
|
4.79 |
2.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.16
|
10.03 |
5.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53
|
0.54 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.62
|
4.33 |
5.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91
|
2.12 |
2.34 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
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 |
FORM 8
|
Corporate
identity number of the company |
U24114PN2000PTC014669 |
|
Name of the
company |
INDIGO PAINTS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Villa No.6, Paradise Baner Road, Baner, Pune-411045, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90091390 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Floating
charge |
|
Particular of
charge holder |
Canara Bank, Koregaon Park Branch, Koregaon, Pune-411001, Maharashtra, India |
|
Nature of
instrument creating charge |
1)APPENDIX - 16 2)APPENDIX - 16 3)APPENDIX - 16 4) Supplemental Common
Hypothecation Agreement 5) Term Loan
Agreement all above
documents 1 to 5 dated 29/06/2012 |
|
Date of
instrument Creating the charge |
29.06.2012 |
|
Amount secured by
the charge |
Rs. 114.350
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest 14.75% P.A Or
Such Rate As May Be Specified By The Bank From Time To Time. Terms of repayment As Per Documents Margin As Per Documents Extent and operation of the charge First Charge Other Conditions as per
documents attached and other conditions mentioned earlier remains same. |
|
Short particulars
of the property charged (Including location of the property) |
All that piece of
land and building existing / to be constructed on plot no 910,911 Industrial
area Boaranda Phase IV Jodhpur Rajasthan All that piece of
land and building existing / to be constructed on sv.no 2 hissa no.10 flat
no.6 Paradise Co- Op Baner Road Pun All that piece of
land and building existing to be constructed on sv. no 272 hissa no.4,5,6,7
office103 Montreal business centre
Banner Road Pune Stock, book
debts, EMT of factory l and B at F910 and 911 RIICO Industrial Area Jodhpur,
plant and machinery Collateral security
emt of Bunglow No 6, Paradise Co-op Housing-Society, S no, 2 and 3 off Baner
Road, Pune All that piece of
land and building existing to be constructed on plot no 910,911 Industrial
area Boaranda Phase IV Jodhpur Rajasthanas Emt of office
premises at unit no103 Montreal Centre Hissa no 4,5,6 S.No 272 1st Floor
Baner and hypothecation of other fixed assets |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Anita Jalan |
|
Date of
instrument modifying the charge |
23.02.2012 |
|
Particulars of
the present modification |
By this
modification the existing charge of Rs. 111.850 Millions of CC/OD has been increased
additional Term loan of Rs.2.500 Millions thus making total charge of
Rs.114.350 Millions. |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Electrical Fittings
·
Technical Known
·
Furniture and Fixtures
·
Computer
·
SPA Installations
·
Vehicle
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. 53.63 |
|
|
1 |
Rs. 86.17 |
|
Euro |
1 |
Rs. 69.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.