MIRA INFORM REPORT
|
Report Date : |
24.09.2012 |
1.
Summary Information
|
Country |
|
||
|
Company Name |
AGILE ELECTRIC TECHNOLOGIES PRIVATE LIMITED AMALGAMATED WITH AGILE
ELECTRIC SUB ASSEMBLY PRIVATE LIMITED |
Principal Name 1 |
Mr. Rajagopalan Chandrasekaran |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Santhanam Uppili |
|
Registration # |
18-57151 |
||
|
Street Address |
Plot Nos. A-33
and A-36, Phase I, MEPZ, Tambaram, Chennai-600045, |
||
|
Established Date |
10.08.2005 |
SIC Code |
-- |
|
Telephone# |
91-44-22628199 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-44-22628143 |
Business Style 2 |
- |
|
Homepage |
Not Available
|
Product Name 1 |
Sub Assemblies for Automotive Sector. |
|
# of employees |
Not Available |
Product Name 2 |
- |
|
Paid up capital |
Rs.406,894,000/- |
Product Name 3 |
- |
|
Shareholders |
Bodies corporate – 100% |
Banking |
ICICI Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
|
|
Ultimate Holding Company : |
|
HBL Power System Limited |
|
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
890,060,000 |
Current Liabilities |
618,468,000 |
|
Inventories |
189,726,000 |
Long-term Liabilities |
419,244,000 |
|
Fixed Assets |
833,757,000 |
Other Liabilities |
79,183,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
1,116,895,000 |
|
Invest& other Assets |
122,921,000 |
Retained Earnings |
512,675,000 |
|
|
|
Net Worth |
919,569,000 |
|
Total Assets |
2,036,464,000 |
Total Liab. & Equity |
2036,464,000 |
|
Total Assets (Previous Year) |
1088,139,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
2017,317,000 |
Net Profit |
147,656,000 |
|
Sales(Previous yr) |
1141,745,000 |
Net Profit(Prev.yr) |
48,554,000 |
|
|
|
IDENTIFICATION DETAILS
|
Name : |
AGILE ELECTRIC SUB ASSEMBLY PRIVATE LIMITED (w.e.f 24.01.2008) AGILE ELECTRIC TECHNOLOGIES PRIVATE LIMITED AMALGAMATED WITH AGILE
ELECTRIC SUB ASSEMBLY PRIVATE LIMITED |
|
|
|
|
Formerly Known As: |
IGARASHI BRUSH CARDS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot Nos. A-33 and A-36, Phase I, MEPZ, Tambaram, Chennai-600045,
Tamilnadu |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.08.2005 |
|
|
|
|
Com. Reg. No.: |
18-57151 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.406.894 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U34300TN2005PTC057151 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEI05319G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI3929C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Sub Assemblies for Automotive Sector. |
|
|
|
|
No. of
Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 3678000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The company performance has been improved in the current financial year i.e 2010-11
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for normal business dealings at usual
trade terms and conditions. Note: Subject company has been amalgamated with Agile Electric Sub
Assembly Private Limited during 01.04.2010 |
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) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BBB (Long Term Bank facilities) |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
24.08.2012 |
|
Rating Agency Name |
CARE |
|
Rating |
A3 (Short Term Bank facilities) |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
24.08.2012 |
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 : |
Plot Nos. A-33 and A-36, Phase I, MEPZ, Tambaram, Chennai-600045, |
|
Tel. No.: |
91-44-22628199 |
|
Fax No.: |
91-44-22628143 |
|
E-Mail : |
DIRECTORS
As on 15.09.2011
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Rajagopalan Chandrasekaran |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
No.7, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.09.1964 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.02.2011 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00012643 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Santhanam Uppili |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot B 12 to B 15, Phase II, Mepz Sez Tambaram, Chennai – 600045, |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.04.1963 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
16.09.2010 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00013454 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Ceasing: |
09.11.2011 |
|||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Agile Electric Drives technologies and Holdings Private Limited, |
|
38237390 |
|
P Mukund ( Nominee of Agile Electric Drives technologies and Holdings
Private Limited, |
|
100 |
|
Igaarashi Motors India Limited |
|
2451900 |
|
Total |
|
40689390 |
As on 15.09.2011
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sub Assemblies for Automotive Sector. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
ICICI Bank Limited, Land Mark, ·
Axis Bank Limited, Corporate Branch, 192, Karumuttu
Nilayam Anna Salai, Chennai – 600002, ·
State Bank of India, Leather and International
Branch, “M.V Towers 177/1, Poonamalee High Road, Chennai – 600010, Tamilnadu,
India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
Rs.
In Millions
Note: Term loans from banks are secured by charge on specific assets
acquired out of the loan and by paripassu charge on the entire moveable fixed
assets of the company, present and future and Equitable mortgage of
superstructures constructed on lease hold lands Working capital loans representing packing credit and cash credit from
banks are secured by charge on the entire current assets of the company,
present and future The charge extends to bills discounted amounting to
INR.144,466,577 Term Loan from financial Institutions are secured by paripassu charge
by way of mortgage / hypothecation of the entire fixed assets of the Company,
both present and future and corporate guarantee given by Igarashi Motors
India Limited, a fellow subsidiary.
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sharp and Tannan Chartered Accountant |
|
Address : |
Parsn Manere, A-Wing, 602 Anna Salai, Chennai-600006, |
|
Tel. No.: |
91-44-28274368 / 28229534 / 28228386 |
|
Fax No.: |
91-44-28266858 |
|
Pan No.: |
AAAFS2512D |
|
E-Mail : |
|
|
|
|
|
Holding Company : |
·
Agile Electric Drives technologies and Holdings
Private Limited |
|
|
|
|
Ultimate Holding
Company: |
·
HBL Power System Limited |
|
|
|
|
Fellow Subsidiaries : |
· Igarashi Motors India Limited ·
Igarashi Motors Sales Private Limited |
CAPITAL STRUCTURE
After 15.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
172000000 |
Equity Share |
Rs.10/- each |
Rs.1720.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46912448 |
Equity Share |
Rs.10/- each |
Rs.469.124 Millions |
|
|
|
|
|
As on31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
41000000 |
Equity Share |
Rs.10/- each |
Rs.410.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40689390 |
Equity Share |
Rs.10/- each |
Rs.406.894 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 |
406.894 |
230.000 |
230.00 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
512.675 |
72.604 |
24.050 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
919.569 |
302.604 |
254.050 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
409.244 |
291.598 |
233.028 |
|
|
2] Unsecured Loans |
10.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
419.244 |
291.598 |
233.028 |
|
|
DEFERRED TAX LIABILITIES |
65.859 |
21.375 |
16.268 |
|
|
|
|
|
|
|
|
TOTAL |
1404.672 |
615.577 |
503.346 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
833.757 |
322.341 |
272.173 |
|
|
Capital work-in-progress |
122.921 |
16.302 |
84.092 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.521 |
0.444 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
189.726
|
107.459
|
79.197 |
|
|
Sundry Debtors |
556.251
|
206.200
|
224.554 |
|
|
Cash & Bank Balances |
61.098
|
43.312
|
10.092 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.036 |
|
|
Loans & Advances |
272.711
|
392.004
|
5.301 |
|
Total
Current Assets |
1079.786
|
748.975 |
319.180 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
418.542
|
328.218 |
172.202 |
|
|
Other Current Liabilities |
199.926
|
130.782 |
0.000 |
|
|
Provisions |
13.324
|
13.562 |
0.341 |
|
Total
Current Liabilities |
631.792
|
472.562 |
172.543 |
|
|
Net Current Assets |
447.994
|
276.413 |
146.637 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1404.672 |
615.577 |
503.346 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2017.317 |
1141.745 |
975.932 |
|
|
|
Other Income |
5.953 |
2.789 |
1.667 |
|
|
|
TOTAL (A) |
2023.27 |
1144.534 |
977.599 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
898.896 |
830.646 |
|
|
|
Staff Expenses |
|
61.298 |
43.112 |
|
|
|
Selling and Administration Expenses |
|
63.019 |
27.488 |
|
|
|
TOTAL (B) |
1767.549 |
1023.213 |
901.246 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
255.721 |
121.321 |
76.353 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
28.604 |
20.662 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
255.721 |
92.717 |
55.691 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
69.935 |
23.951 |
16.913 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
185.786 |
68.766 |
38.778 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
38.130 |
20.212 |
5.595 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
147.656 |
48.554 |
33.183 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
72.604 |
24.050 |
(9.133) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
220.260 |
72.604 |
24.051 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1626.579 |
1114.895 |
975.932 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
14.561 |
60.594 |
|
|
|
Components |
NA |
710.368 |
679.981 |
|
|
|
Stores & Spares |
NA |
18.294 |
35.631 |
|
|
|
Capital Goods |
NA |
44.800 |
160.207 |
|
|
TOTAL IMPORTS |
NA |
788.023 |
936.413 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.63 |
2.11 |
1.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
7.30
|
4.24
|
3.39 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.20
|
6.02
|
3.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.71
|
6.42
|
6.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.23
|
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.14
|
2.53
|
1.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
1.58
|
1.85 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
No |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
No |
|
Designation
of contact person |
No |
|
Turnover
of firm for last three years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
No |
|
Export
/ Import Details [If Applicable] |
No |
|
Market
Information |
- |
|
Litigations
that the firm / promoter involved in |
- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
Yes |
|
Conduct
of the banking account |
- |
|
Buyer
visit details |
- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
Yes |
|
Last
accounts filed at ROC |
Yes |
|
Major
Shareholders, if applicable |
Yes |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN of
Proprietor/Partner/Director, if available |
No |
|
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
External Agency Rating,
if available |
Yes |
FORM 8
|
Corporate
identity number of the company |
U34300TN2005PTC057151 |
|
Name of the company
|
AGILE ELECTRIC
SUB ASSEMBLY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot Nos. A-33 and A-36, Phase I, MEPZ, Tambaram, Chennai-600045, |
|
This form is for |
Creation of charge |
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Others |
|
Particular of
charge holder |
ICICI Bank Limited, Land Mark, Email: vatsal.sr@icicibank.com |
|
Nature of
instrument creating charge |
Deed
of Hypothecation (WCF) executed on 28th May 2012 for the working capital
facilities aggregating to Rs.330 million extended by ICICI Bank Limited to
Agile Electric Sub Assembly Private Limited |
|
Date of
instrument Creating the charge |
28.05.2012 |
|
Amount secured by
the charge |
Rs.330.000 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Cash Credit : I Base is 9.75% and spread is 3.75% Export Packing
Credit : I Base is 10% and spread is 3.25% FCNR : 3 month LIBOR +5.72% p.a Terms of
repayment Annual Margin Cash
Credit : Raw Material - 25%; Stock in progress- 25%; Finished Goods &
Packing material - 25%; Stores & Spares - 25%; Book Debts (cover period
of 90 days) - 25% Letter
of Credit : 10% Extent and
operation of the charge First
hypothecation charge on stocks & receivables of the Company, ranking pari
passu with the other working capital lenders. Second
pari passu charge on all movable fixed assets
of the Company both present and future. |
Fixed Assets
- Buildings
- Plant and Equipments
- Furniture and Fixture
- Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.91 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
|
Report Prepared
by : |
BYI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
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.