MIRA INFORM REPORT
|
Report Date : |
04.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
CLIMAX OVERSEAS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8606, 1st Floor, Guashala Marg, Karol Bagh, New Delhi –
110005 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
13.03.2001 |
|
|
|
|
Com. Reg. No.: |
55-110250 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999DL2001PTC110250 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELC05224C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of all types of Automotive
Components |
|
|
|
|
No. of Employees
: |
About 35 (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 370000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The management
has failed to file its financials with the government department for the year
2012. As per previous year’s record, it was found normal for business
dealings. However, trade relations are reported as fair. Business is active.
Payments are reported to be unknown in absence of latest financials. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB (Long Term Rating) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
20.02.2013 |
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 : |
8606, 1st Floor, Guashala Marg, Karol Bagh, New Delhi –
110005, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head
Quarters & Factory 1 : |
152, Sector - 3, IMT Manesar,
Gurgaon-122050, Haryana, India |
|
Tel. No.: |
91-124-4557700 (100
lines) |
|
Fax No.: |
91-124-4557755 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
896, Phase-1, Udyog Vihar,
Gurgaon-122016, Haryana, India |
|
Tel. No.: |
91-124-4004445 |
|
Fax No.: |
91-124-4004450 |
|
E-Mail : |
|
|
|
|
|
Overseas Office : |
Located
at: ·
Canada ·
USA ·
Germany ·
France ·
Iran |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Daljit Sood Singh |
|
Designation : |
Director |
|
Address : |
A-48/39A, DLF Phase I, Gurgaon–122002, Haryana, India |
|
Date of Birth/Age : |
23.12.1946 |
|
Date of Appointment : |
13.03.2001 |
|
DIN No.: |
00460157 |
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 |
U24139DL1994PTC058731 |
CLIMAX
AUTOMOTIVE PRIVATE LIMITED |
Director |
02/05/1994 |
02/05/1994 |
Active |
NO |
|
2 |
U74999DL2001PTC110250 |
CLIMAX
OVERSEAS PRIVATE LIMITED |
Director |
13/03/2001 |
13/03/2001 |
Active |
NO |
|
Name : |
Mr. Harjeet Kaur Sood |
|
Designation : |
Director |
|
Address : |
A-48/39A, DLF Phase I, Gurgaon–122002, Haryana, India |
|
Date of Birth/Age : |
06.11.1955 |
|
Date of Appointment : |
13.03.1991 |
|
DIN No.: |
00322791 |
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 |
U24139DL1994PTC058731 |
CLIMAX
AUTOMOTIVE PRIVATE LIMITED |
Director |
02/05/1994 |
02/05/1994 |
Active |
NO |
|
2 |
U74999DL2001PTC110250 |
CLIMAX
OVERSEAS PRIVATE LIMITED |
Director |
13/03/2001 |
13/03/2001 |
Active |
NO |
|
Name : |
Mr. Parmeet Singh Sood |
|
Designation : |
Director |
|
Address : |
A-48/39A, DLF Phase I, Gurgaon–122002, Haryana, India |
|
Date of Birth/Age : |
07.12.1977 |
|
Date of Appointment : |
13.03.2001 |
|
DIN No.: |
00322864 |
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 |
U24139DL1994PTC058731 |
CLIMAX
AUTOMOTIVE PRIVATE LIMITED |
Director |
23/01/2001 |
23/01/2001 |
Active |
NO |
|
2 |
U74999DL2001PTC110250 |
CLIMAX
OVERSEAS PRIVATE LIMITED |
Director |
13/03/2001 |
13/03/2001 |
Active |
NO |
|
Name : |
Mr. Aveen Kaur Sood |
|
Designation : |
Director |
|
Address : |
A-48/39A, DLF Phase – 1 Garden Estate and Silver Oaxs Sikenderpur
Ghoshi, Gurgaon – 122002, Haryana, India |
|
Date of Birth/Age : |
15.06.1981 |
|
Date of Appointment : |
14.05.2009 |
|
DIN No.: |
02638453 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Daljit Singh Sood |
550000 |
|
Harjeet Kaur Sood |
277500 |
|
Parmeet Singh Sood |
285000 |
|
Aveen Kaur Sood |
112500 |
|
Climax Automotive Private Limited, India |
25000 |
|
TOTAL
|
1250000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
2.00 |
|
Directors or relatives of Directors |
98.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of all types of Automotive
Components |
GENERAL INFORMATION
|
No. of Employees : |
About 35 (Approximately) |
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Bankers : |
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Facilities : |
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|||||||||||||||||||||||||||||||||
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khiwani and Company Chartered Accountants |
|
Address : |
23/26, East Patel Nagar, |
|
Tel. No.: |
91-11-25714542 / 25758388 |
|
Fax No.: |
91-11-42481491 |
|
E-Mail : |
|
|
PAN No.: |
AAAFK7995E |
|
|
|
|
Related Parties : |
Climax Automotive Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500
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 |
12.500 |
12.500 |
12.500 |
|
|
2] Share Application Money |
0.500 |
0.500 |
0.500 |
|
|
3] Reserves & Surplus |
79.533 |
68.630 |
53.211 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
92.533 |
81.630 |
66.211 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
75.068 |
70.477 |
66.207 |
|
|
2] Unsecured Loans |
30.536 |
23.630 |
23.635 |
|
|
TOTAL BORROWING |
105.604 |
94.107 |
89.842 |
|
|
DEFERRED TAX LIABILITIES |
0.546 |
0.546 |
0.546 |
|
|
|
|
|
|
|
|
TOTAL |
198.683 |
176.283 |
156.599 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
85.324 |
84.587 |
79.507 |
|
|
Capital work-in-progress |
1.929 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
54.396
|
55.605
|
49.925 |
|
|
Sundry Debtors |
68.336
|
33.097
|
35.556 |
|
|
Cash & Bank Balances |
0.735
|
1.115
|
2.825 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
29.204
|
26.512
|
22.036 |
|
Total
Current Assets |
152.671
|
116.329 |
110.342 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
32.240
|
18.800
|
25.369 |
|
|
Other Current Liabilities |
8.813
|
5.645
|
7.758 |
|
|
Provisions |
0.188
|
0.188
|
0.429 |
|
Total
Current Liabilities |
41.241
|
24.633 |
33.556 |
|
|
Net Current Assets |
111.430
|
91.696
|
76.786 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.306 |
|
|
|
|
|
|
|
|
TOTAL |
198.683 |
176.283 |
156.599 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
172.931 |
137.183 |
126.383 |
|
|
|
Other Income |
2.805 |
1.938 |
7.464 |
|
|
|
TOTAL (A) |
175.736 |
139.121 |
133.847 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
105.551 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
149.456 |
106.786 |
105.551 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
26.280 |
32.335 |
28.296 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.609 |
12.446 |
9.025 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.671 |
19.889 |
19.271 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.767 |
4.444 |
3.971 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
10.904 |
15.445 |
15.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.001 |
0.026 |
0.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
10.903 |
15.419 |
15.093 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
129.637 |
117.719 |
120.241 |
|
|
TOTAL EARNINGS |
129.637 |
117.719 |
120.241 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
10.207 |
19.589 |
23.022 |
|
|
|
Capital Goods |
0.000 |
2.154 |
1.636 |
|
|
|
Others |
0.729 |
0.328 |
0.771 |
|
|
TOTAL IMPORTS |
10.936 |
22.071 |
25.429 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.34 |
12.34 |
14.89 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
6.20
|
11.08 |
11.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.31
|
11.26 |
12.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.58
|
7.69 |
8.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.19 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.14
|
1.15 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.70
|
4.72 |
3.29 |
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 |
No |
|
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 |
|
UNSECURED LOAN |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
From Directors |
1.893 |
17.385 |
|
From Relatives |
1.050 |
1.050 |
|
From Corporates |
1.000 |
1.000 |
|
From Banks |
23.844 |
2.440 |
|
From Others |
2.749 |
1.755 |
|
|
|
|
|
TOTAL |
30.536 |
23.630 |
NOTE
The Registered office of the company has been shifted from 761, Faridpuri,
West Patel Nagar, New Delhi, India, to the present address w.e.f. 15.07.2009.
OPERATIONS
Their company
completed yet another successful and eventful year of operations in 2010-2011.
During the year ended 31.3.2011, the company achieved a Gross Turnover of
Rs.172.931 Millions as against a turnover of Rs. 137.183 Millions during the
previous year. They are also concentrating more on the high value addition
items and are expecting an even higher profitability in 2011-2012.
The Directors of
the company are quite confident of the future growth of the company and putting
all their efforts in this regard.
FORM 8
|
Corporate
identity number of the company |
U74999DL2001PTC110250 |
|
Name of the company
|
Climax Overseas
Private Limited |
|
Address of the
registered office or of the principal place of business in |
8606, 1st Floor, Guashala Marg, Karol Bagh, New Delhi –
110005, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10302723 |
|
Type of charge |
|
|
Particular of
charge holder |
Punjab National Bank, Udyog Vihar, Gurgaon-122001, Haryana, India |
|
Nature of
instrument creating charge |
1. Deed of
Agreement, Hypothecation of goods to secure cash credit facilities. 2. Packing Credit
Agreement Hypothecation with a sub limit of Rs. 30.000 Millions enhanced to
Rs. 40.000 Millions. 3. FOBP/FOUBP
Agreement with a existing sub limit of Rs. 20.000 Millions enhanced to Rs.
40.000 Millions. |
|
Date of
instrument Creating the charge |
26.03.2012 |
|
Amount secured by
the charge |
Rs. 80.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest C/C - BR+5% =15% P/C and
FOBP/FOUBP- As Per Bank Schedule From Time To Time. Terms of repayment C/C - On Demand PC/PCFC -
Stipulated Period or Max of 180 Days FOBP/FOUBP - 180
Days Usance Bills Margin C/C - 25% PC/PCFC - 25% FOBP/FOUBP - Nil Extent and operation of the charge Secured by First
charge, Hypothecation of entire stock of raw material, Finish goods,
consumable store, inward RR/ GR and all other current assets of borrower. |
|
Short particulars
of the property charged (Including location of the property) |
Plot No.152,
sector-3 IMT Manesar, Haryana. Plot No 896 Phase
- I Udyog Vihar Gurgaon, Haryana. |
|
Particulars of
the present modification |
1. Packing Credit
Agreement Hypothecation with a sub limit of Rs. 30.000 Millions enhanced to
Rs. 40.000 Millions. 2. FOBP/FOUBP Agreement
with a existing sub limit of Rs. 20.000 Millions enhanced to Rs. 40.000
Millions. |
FIXED ASSETS
· Air Conditioner
· Car
· Computers
· Furniture
· Laboratory
· Machinery
· Office Equipments
· Mobile
· Scooter
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. 54.38 |
|
|
1 |
Rs. 82.04 |
|
Euro |
1 |
Rs. 69.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.