|
Report Date : |
15.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHREE LAXMI INFOSOLUTIONS AND JEWELLARY
LIMITED |
|
|
|
|
Registered
Office : |
SDF-1, Unit L No.20 and 24, Speepz, Andheri (East), Mumbai – 400005, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
21.07.2000 |
|
|
|
|
Com. Reg. No.: |
127850 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH2000PLC127850 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS44399F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD4084D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Jewellery |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1516888 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of the Laxmi Dia Group. It is an established company
having satisfactory track. There appears slight dip in its sales and profit during 2011. Net worth
of the company appears to be strong. Trade relations are reported as trustworthy. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered for business dealings at usual trade
terms an conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
23.03.2012 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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. Tulsi |
|
Designation : |
Account Assistant |
|
Contact No.: |
91-22-40602222 |
|
Date : |
14.09.2012 |
LOCATIONS
|
Registered Office : |
SDF-1, Unit L No.20 and 24, Speepz, Andheri (East), Mumbai – 400005, Maharashtra,
India |
|
Tel. No.: |
91-22-40602222 |
|
E-Mail : |
DIRECTORS
AS ON 24.09.2011
|
Name : |
Mr. Ashokbhai Haribhai Gajera |
|
Designation : |
Director |
|
Address : |
31, kalpavruksh Apartment, 21, B.G.Kher
Marg, Walkeshwar, Mumbai 400006,
Maharashtra. India |
|
Date of Birth/Age : |
01.06.1965 |
|
Date of Appointment : |
20.05.2004 |
|
DIN No.: |
00147819 |
|
|
|
|
Name : |
Mr. Chunibhai Haribhai Gajera |
|
Designation : |
Director |
|
Address : |
67, Adarsh Society, Athwalines Sural -395001, Gujarat, India |
|
Date of Birth/Age : |
05.07.1960 |
|
Date of Appointment : |
20.05.2004 |
|
DIN No.: |
00147830 |
|
|
|
|
Name : |
Mr. Vasantbhai Haribhai Gajera |
|
Designation : |
Director |
|
Address : |
1 Vrushal Nagar Society, Near
Katargam Police Station, Surat, 395004, India |
|
Date of Birth/Age : |
01.06.1958 |
|
Date of Appointment : |
20.05.2004 |
|
DIN No.: |
00147855 |
|
|
|
|
Name : |
Mr. Nitinbhai Haribhai Gajera |
|
Designation : |
Director |
|
Address : |
49-50, Vishnu Nagar Society, New AJC Road,, Surat-
395008, Gujarat, India |
|
Date of Birth/Age : |
11.06.1984 |
|
Date of Appointment : |
20.05.2004 |
|
DIN No.: |
00147866 |
|
|
|
|
Name : |
Mr. Rakesh G Gajera |
|
Designation : |
Director |
|
Address : |
Flat C 8/F, Tower 12A, 8, Laguna Verde Avenue, Phase 3, Costa Del
Sol-Laguna |
|
Date of Birth/Age : |
14.05.1982 |
|
Date of Appointment : |
11.03.2005 |
|
DIN No.: |
03295314 |
|
|
|
|
Name : |
Mr. Mitesh Chunibhai Gajera |
|
Designation : |
Director |
|
Address : |
21/22 Moor. Suraj Apartment, 71, Hhulabhai Desai
Road., Mumbai, 400006. Maharashtra, India |
|
Date of Birth/Age : |
10.03.1982 |
|
Date of Appointment : |
07.07.2007 |
|
DIN No.: |
01011862 |
KEY EXECUTIVES
|
Name : |
Mr. Tulsi |
|
Designation : |
Account Assistant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Samrar Chokshi |
|
2500 |
|
Shailesh Gajera |
|
2500 |
|
Babubhai Patel |
|
2500 |
|
Vasantbhai Gajera |
|
92500 |
|
Nitinbhai Gajera |
|
50000 |
|
Chunibhai Gajera |
|
50000 |
|
Laxmi Diamond Private Limited Liability Company Limited |
|
250000 |
|
Ashokbhai Gajera |
|
50000 |
|
Total |
|
500000 |
AS ON 24.09.2011
|
Category |
Percentage |
|
Bodies corporate |
50.00 |
|
Directors or relatives of Directors |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Jewellery |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
|
|
Production Meant For Sale |
|
Rings, Pendent, Bracelets, Bengal earrings etc. |
(In Gms) (in 24KT) |
|
|
269457.002 |
|
|
|
|
|
|
GENERAL INFORMATION
|
Suppliers : |
·
Punjab National Bank ·
Laxmi Diamond Private Limited |
|||||||||
|
|
|
|||||||||
|
Customers : |
Suberi Brother LLC |
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
200 (Approximately) |
|||||||||
|
|
|
|||||||||
|
Bankers : |
· Bank of India - Lead Bank, Seepz Mid Corporate Br. Behind Seepz Service Centre, Marol Industrial Area, Seepz, Andheri (East),, Mumbai - 400096, Maharashtra, India · Punjab National Bank · State bak of India · State Bank of Patiala |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ramesh Rajni and Company Chartered Accountant |
|
Address : |
1st Floor Purshottam
Building, 450 Lamington Road, Opera House, Mumbai – 400004, Maharashtra,
India |
|
|
|
|
Associates: |
·
Laxmi Diamond Private
Limited India ·
Laxmi Dia
Jewel Private Limited India ·
Laxmi Jewel
Inc. USA ·
Laxmi Diamond
(HK) Limited, Hong Kong ·
Suberi Bros.
LLC, USA ·
Dahanamal Silk
Mills Limited, India ·
International
Jewellery Mfg. Co. Limited ., Thailand |
|
|
|
|
Enterprise
over which person described
in (2) or their relative is able to exercise significant influence (Only
That with which
there are any transaction
during the year) |
·
Shree Laxmi Jewellery LLC ·
Komal Gems ·
Shradha Jewels Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
903.500 |
|
|
|
|
|
Expected Sales (2012-2013) : Rs.1150.000 Millions
The above information has been parted by Mr. Tulsi (Account Assistant)
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
374.222 |
322.468 |
200.915 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
379.222 |
327.468 |
205.915 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
292.869 |
273.355 |
285.398 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
38.700 |
|
|
TOTAL BORROWING |
292.869 |
273.355 |
324.098 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
672.091 |
600.823 |
530.013 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.094 |
21.155 |
23.153 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.701 |
0.437 |
0.581 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
128.165
|
132.984 |
129.874 |
|
|
Sundry Debtors |
674.889
|
541.545 |
445.469 |
|
|
Cash & Bank Balances |
27.854
|
23.831 |
81.550 |
|
|
Other Current Assets |
10.295
|
6.854 |
3.468 |
|
|
Loans & Advances |
53.132
|
44.919 |
15.018 |
|
Total
Current Assets |
894.335
|
750.133 |
675.379 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
0.000 |
|
|
Other Current Liabilities |
234.187
|
167.541 |
131.754 |
|
|
Provisions |
6.852
|
3.361 |
37.346 |
|
Total
Current Liabilities |
241.039
|
170.902 |
169.100 |
|
|
Net Current Assets |
653.296
|
579.231 |
506.279 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
672.091 |
600.823 |
530.013 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income and Other Income |
748.427 |
817.477 |
715.659 |
|
|
|
TOTAL (A) |
748.427 |
817.477 |
715.659 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material consumed |
605.821 |
615.627 |
544.564 |
|
|
|
Employee Benefit |
20.471 |
19.321 |
21.050 |
|
|
|
Other Manufacturing expenses |
20.563 |
22.159 |
28.622 |
|
|
|
General Sales and Administrative expenses |
14.221 |
14.554 |
16.727 |
|
|
|
TOTAL (B) |
661.076 |
671.661 |
610.963 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
87.351 |
145.816 |
104.696 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.333 |
20.076 |
19.683 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
66.018 |
125.740 |
85.013 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.643 |
3.996 |
4.416 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
62.375 |
121.744 |
80.597 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
10.622 |
0.191 |
0.182 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
51.753 |
121.553 |
80.779 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
731.567 |
797.837 |
762.782 |
|
|
TOTAL EARNINGS |
731.567 |
797.837 |
762.782 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
121.457 |
167.888 |
295.708 |
|
|
|
Stores & Spares |
6.108 |
4.142 |
4.844 |
|
|
|
Capital Goods |
0.281 |
1.364 |
1.978 |
|
|
TOTAL IMPORTS |
127.846 |
173.394 |
302.530 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
103.51 |
243.48 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.91
|
14.87 |
11.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.84
|
15.78 |
11.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.37 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.41
|
1.36 |
2.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.71
|
4.39 |
3.99 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS DETAILS:
Sundry Creditors not Available
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
No |
|
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 |
OPERATIONS:
During the year, the
Company continued trading and manufacturing activities. The turnover of the
company for the year was Rs. 734.850 Millions. The Company has earned profit
before depreciation and taxation of Rs. 66.016 Millions for the year. The
Company earned net profit of Rs. 51.753 Millions after providing for
depreciation and taxation.
FORM 8:
|
Corporate
identity number of the company |
U72900MH2000PLC127850 |
|
Name of the
company |
SHREE LAXMI
INFOSOLUTIONS AND JEWELLARY LIMITED |
|
Address of the
registered office or of the principal place of business in |
SDF-I Unit Lno
20&24 Seepzsez, Andheri (East), Mumbai – 400005, Maharashtra,
India |
|
This form is for |
Creation of
charge Modification of
charge |
|
Type of charge |
Book Debts Movable Property Others |
|
Particular of
charge holder |
Bank of India -
Lead Bank |
|
Nature of
instrument creating charge |
Second Supplemental
Joint Deed of Hypothecation |
|
Date of
instrument Creating the charge |
28/05/2011 |
|
Amount secured by
the charge |
Rs.300.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As stipulated by
Banks from time to time. Terms of
Repayment As stipulated by
Banks from time to time. Margin As stipulated by
Banks from time to time. Extent and
Operation of the charge First pari passu charge
(present and future) as stipulated by Banks from time to time. As stipulated
by Banks from time to time and/or as per agreements and sanction letters of
Banks. Others Revised Limits:
1. BOI Rs.150.000 Millions, 2.SBI Rs.50.000 Millions, 3.PNB Rs.80.000
Millions, 4. SBP Rs.20.000 Millions, Total Rs.300.000 Millions. |
|
Short particulars
of the property charged |
First pari passu
charge (present and future). Hypothecation of whole of the current assets of
the borrower namely stock of raw materials, stocks in process, semi-finished
goods and finished goods, stores and spares. Hypothecation of all bills
receivable and book debts. Hypothecation
of immovable and movable plant and machinery, stores and spares relating to
the machinery, furniture and fixtures and other office equipments and all
other movables. Hypothecation of all current, movable and fixed assets of the
company. Details as per Schedule "A" of the attached copy of second
supplemental joint deed of hypothecation. |
|
Date of
instrument modifying the charge |
10/08/2009 |
|
Particulars of
the present modification |
The principal
amount of 1st pari passu charge on hypothecated assets is enhanced from
Rs.290.000 Millions to Rs.300.000 Millions. Revised Limits of consortium member
Banks : 1. BOI Rs.150.000 Millions, 2.SBI Rs.50.000 Millions, 3.PNB Rs.80.000
Millions, 4. SBP Rs.20.000 Millions, Total Rs.300.000 Millions. |
FIXED ASSETS:
·
Computer
·
Computer Software
·
Electric fittings
·
Plant, Machinery and Office
Equipment
·
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 records 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.54.73 |
|
|
1 |
Rs.88.61 |
|
Euro |
1 |
Rs.71.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
50 |
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.