MIRA INFORM REPORT
|
Report Date : |
22.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PREMIER INDUSTRIAL CORPORATION LIMITED |
|
|
|
|
Registered
Office : |
501-507, ‘C’ Wing, Bhaveshwar Plaza, 5th Floor, L B S Marg,
Opposite Shreyas Cinema, Ghatkopar (West), Mumbai - 400086, Maharashtra |
|
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|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation
: |
08.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-172955 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 83.992 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101MH2007PLC172955 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECP3518M |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Ferro Alloy Powders, Metal Powders, Industrial Chemical, Mineral Powders |
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|
|
|
No. of Employees
: |
Information denied to the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1400000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Mr. Arvind Morzaria, Marketing Executive has confirmed that the
correct name of the subject is ‘Premier Industrial Corporation Limited’, and
it has 3 factories each in Rabale, Taloja and Bhiwani. The corporate office
is located at Vikhroli. He denied to disclose other details. As per Registrar of Companies, the management has failed to file its
financials with the government department for the year 2012. As per previous year’s record, the company is found normal for
business dealings. However, trade relations are fair. Business is active. Payment terms
are unknown. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
May 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
May 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.
INFORMATION DECLINED BY
|
Name : |
Mr. Arvind Morzaria |
|
Designation : |
Marketing Executive |
|
Contact No.: |
91-9619902204 |
|
Date : |
16.04.2013 |
LOCATIONS
|
Registered Office : |
501-507, ‘C’ Wing, Bhaveshwar Plaza, 5th Floor, L B S Marg,
Opposite Shreyas Cinema, Ghatkopar (West), Mumbai - 400086, Maharashtra,
India |
|
Tel. No.: |
91-22-61514545 |
|
Mobile No.: |
91-9619902204 (Mr. Arvind Morzaria) |
|
Fax No.: |
91-22-61514555 |
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E-Mail : |
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|
Website : |
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|
|
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|
Corporate Office : |
501-506, Kailash Corporate Lounge, Godrej-Hiranandani Link Road, Vikhroli (West), Mumbai - 400079, Maharashtra, India |
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|
|
|
Factory : |
Located At
|
|
|
|
|
Branch Office : |
Ancupam Industrial Estate, LBS Marg, Mulund (West), Mumbai -400 080, Maharashtra, India |
|
Tel. No.: |
91-22-25003802 |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Subhash Chhotalal Morzaria |
|
Designation : |
Director |
|
Address : |
1202/A, Kukreja Palace, Vallabh Baugh Lane, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
09.08.1958 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
08.08.2007 |
|
DIN No.: |
00762794 |
|
|
|
|
Name : |
Mr. Dilip Chhotalal Morzaria |
|
Designation : |
Director |
|
Address : |
101, New Kailash Mansion, Derasar Lane, Ghatkopar (East), Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
07.12.1957 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
08.08.2007 |
|
DIN No.: |
00762801 |
|
|
|
|
Name : |
Mr. Arvind Chhotalal Morzaria |
|
Designation : |
Director |
|
Address : |
9, Devang, 90 Feet Road, Garodia Nagar, Ghatkopar (East) Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
22.02.1952 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
08.08.2007 |
|
DIN No.: |
00762810 |
|
|
|
|
Name : |
Mr. Lalit Navinchandra Morzaria |
|
Designation : |
Director |
|
Address : |
5, Kamal, 90 Feet Road, Garodia Nagar, Ghatkopar (East) Mumbai – 400077, Maharashtra, India |
|
Date of Birth/Age : |
14.09.1977 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
08.08.2007 |
|
DIN No.: |
00762815 |
KEY EXECUTIVES
|
Name : |
Mr. Arvind Morzaria |
|
Designation : |
Marketing Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Arvind Chhotalal Morzaria |
|
2633700 |
|
Dilip Chhotalal Morzaria |
|
2078775 |
|
Subhash Chhotalal Morzaria |
|
1784550 |
|
Lalit Morzaria |
|
539587 |
|
Arvind Chhotalal Morzaria (Huf) |
|
40000 |
|
Dilip Chhotalal Morzaria (Huf) |
|
40000 |
|
Subhash Chhotalal Morzaria (Huf) |
|
40000 |
|
Chhotalal Mathurdas Morzaria |
|
69 |
|
Bharati Arvind Morzaria |
|
69 |
|
Veena Dilip Maniyar |
|
69 |
|
Kalpana Dilip Morzaria |
|
69 |
|
Nirmala N. Morzaria |
|
138069 |
|
Rushina S. Morzaria |
|
69 |
|
Anand Dilip Morzaria |
|
69 |
|
Meet Arvind Morzaria |
|
69 |
|
Smeet Arvind Morzaria |
|
69 |
|
Kiran Devji Keniya |
|
36800 |
|
Rajendra Himatlal Gandhi |
|
18400 |
|
Varsha Ramesh Mehta |
|
18400 |
|
Abhishek Dilip Mehta |
|
18400 |
|
Dilip Shantilal Mehta |
|
64400 |
|
Shaila Dilip Mehta |
|
64400 |
|
Madhvi M. Shah |
|
36800 |
|
Mehul Tansukhlal Shah |
|
55200 |
|
Dinesh Laxmishankar Gor |
|
64400 |
|
Kishor Maganlal Hindocha |
|
149500 |
|
Kalidas R. Raiththa |
|
149500 |
|
Sameer Sureshchandra Shah |
|
34500 |
|
Dinesh Laxmishankar Gor(Huf) |
|
18400 |
|
Bharat Balkrishna Parekh |
|
322000 |
|
Navin P Vora |
|
11500 |
|
Madan Singh Purohit |
|
18400 |
|
Abhishek Dilip Mehta |
|
23000 |
|
Total |
|
8399233 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
14.57 |
|
Other top fifty shareholders |
85.43 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ferro Alloy Powders, Metal Powders,
Industrial Chemical, Mineral Powders |
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|
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
||||||||||||||||||
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Bankers : |
Bank of Baroda, Thane West Branch, Ram Maruti Road, Thane
West,, Thane - 400602, Maharashtra, India |
||||||||||||||||||
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||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
D.P. Sangoi and Company Chartered Accountants |
|
Address : |
4, Shree Niwas Building, 22, Lakhanshi Napoo Road, Dadar (C.R.), Mumbai – 400014, Maharashtra, India |
|
Tel. No.: |
91-22-24163905 / 24161975 |
|
Fax No.: |
91-22-24163905 |
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PAN.: |
AAPPS9160C |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8399233 |
Equity Shares |
Rs.10/- each |
Rs.83.992
Millions |
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|
|
|
|
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 |
83.992 |
83.992 |
83.992 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
290.316 |
244.661 |
188.925 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
374.308 |
328.653 |
272.917 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
305.817 |
229.932 |
107.547 |
|
|
2] Unsecured Loans |
221.593 |
87.910 |
77.943 |
|
|
TOTAL BORROWING |
527.410 |
317.842 |
185.490 |
|
|
DEFERRED TAX LIABILITIES |
2.745 |
1.680 |
2.239 |
|
|
|
|
|
|
|
|
TOTAL |
904.463 |
648.175 |
460.646 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
255.669 |
191.710 |
161.373 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.083 |
1.083 |
0.001 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
295.040
|
263.195 |
86.635 |
|
|
Sundry Debtors |
303.200
|
237.766 |
312.665 |
|
|
Cash & Bank Balances |
23.604
|
6.885 |
1.372 |
|
|
Other Current Assets |
0.000
|
0.000 |
11.358 |
|
|
Loans & Advances |
178.634
|
159.843 |
120.847 |
|
Total
Current Assets |
800.478
|
667.689 |
532.877 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
55.652
|
129.063 |
136.816 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
37.376 |
|
|
Provisions |
98.213
|
84.490 |
60.850 |
|
Total
Current Liabilities |
153.865
|
213.553 |
235.042 |
|
|
Net Current Assets |
646.613
|
454.136 |
297.835 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.098 |
1.246 |
1.437 |
|
|
|
|
|
|
|
|
TOTAL |
904.463 |
648.175 |
460.646 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1124.694 |
962.888 |
979.568 |
|
|
|
Other Income |
1.232 |
0.518 |
2.620 |
|
|
|
TOTAL (A) |
1125.926 |
963.406 |
982.188 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
868.592 |
731.094 |
|
|
|
|
Manufacturing service costs |
65.328 |
56.411 |
|
|
|
|
Employee related expenses |
6.536 |
5.062 |
1138.697 |
|
|
|
Administrative selling other expenses |
46.528 |
38.478 |
|
|
|
|
Prior period items |
(1.463) |
(77.910) |
|
|
|
|
TOTAL (B) |
985.521 |
753.135 |
1138.697 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
140.405 |
210.271 |
156.509 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
51.343 |
33.014 |
28.583 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
89.062 |
177.257 |
127.926 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.254 |
15.457 |
11.117 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
74.808 |
161.800 |
116.809 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
29.153 |
28.154 |
40.380 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
45.655 |
133.646 |
76.429 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.44 |
NA |
NA |
|
%2022-Apr-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.05
|
13.87 |
7.78 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.65
|
16.80 |
11.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.08
|
18.83 |
16.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.49 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.41
|
1.03 |
1.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.20
|
3.13 |
2.27 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Creditors due others |
55.652
|
129.063 |
136.816 |
|
Total |
55.652
|
129.063 |
136.816 |
|
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 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
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
|
Particular |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
|
|
|
|
Loans directors unsecure |
46.080 |
29.493 |
|
Other debt unsecured |
175.513 |
58.417 |
|
Total |
221.593 |
87.910 |
|
|
|
|
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27101MH2007PLC172955 |
|
Name of the
company |
PREMIER
INDUSTRIAL CORPORATION LIMITED |
|
Address of the
registered office or of the principal place of business in |
501-507, ‘C’ Wing, Bhaveshwar Plaza, 5th Floor, L B S Marg,
Opposite Shreyas Cinema, Ghatkopar (West), Mumbai - 400086, Maharashtra,
India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10121456 |
|
Type of charge |
|
|
Particular of
charge holder |
Bank of Baroda, Thane West Branch, Ram Maruti Road, Thane West,, Thane - 400602, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental
Memorandum of Entry of Deposit By Way of Extension of Equitable Mortgage |
|
Date of
instrument Creating the charge |
26.12.2012 |
|
Amount secured by
the charge |
Rs.661.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest to be charged as per sanction/review of the account from time to time Extent and
Operation of the charge The charge is modified to secure TL I - Rs.6.000 Millions., TL II - Rs.23.400 Millions., TL IV - Rs.1.600 Millions and TL V - Rs.30.000 Millions., CC (Under Line of Credit) - Rs.470.000 Millions [with sub-limit : BP/BD - Rs.20.000 Millions and DP/DA LC - Rs.350.000 Millions], aggregating to Rs.531.000 Millions sanctioned to the Company and Line of Credit facility of Rs.130.000 Millions sanctioned to M/s. Kamman Corporation, a Partnership Firm. Others The overall charge of Rs.661.000 Millions is secured together with interest, addl. interest, compound interest, further interest by way of liquidated damages, commitment charges, premia on prepayment or on redemption, costs, charges and expenses. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Plot No.L-140, adm. 4050 sq. mtrs., alongwith the structurere standing thereon, in the Taloja Indl Area, within the village Tondare and outside the limits of Municipal Council in rural area, Taluka Panvel Plot No.R-509, Adm. 1210 sq. mtrs. with structure standing thereon in Trans Thane Creek Industry Area, Village Tetavali, Taluka and District Thane. Plot No.R-532, Adm. 1000 sq. mtrs. with structure standing thereon in Trans Thane Creek Industry Area, Village Tetavali, Taluka and District Thane. Plot No.R-533, Adm. 1000 sq. mtrs. with structure standing thereon in Trans Thane Creek Industry Area, Village Tetavali, Taluka and District Thane. Office Premises Nos. 501 to 506 on 5th Floor, in Kailas Corporate Lounge S.No.136 (p), CTS No.1/7 to 1/11, Village Ghatkopar, Taluka Kurla, District Mumbai. Premises located at Bhiwandi i.e. Survey No.84, Hissa No.178, 21, Mouje Mankoli, Taluka Bhiwandi, District Thane - 421 302. |
|
Date of
instrument modifying the charge |
13.04.2012 |
|
Particulars of
the present modification |
The charge is
increased upto Rs.661.000 Millions to cover TL I - Rs.6.000 Millions., TL II
- Rs.23.400 Millions., TL IV - Rs.1.600 Millions and TL V - Rs.30.000
Millions., CC (Under Line of Credit) - Rs.470.000 Millions. (Increased from
Rs.350.000 Millions) [with sub-limit : BP/BD - Rs.20.000 Millions and DP/DA
LC - Rs.350.000 Millions.], aggregating to Rs.531.000 Millions sanctioned to
the Company and Line of Credit facility of Rs.130.000 Millions sanctioned to
M/s. Kamman Corporation, a Partnership Firm. |
FIXED ASSETS
- Air Condition
- Computer
- Electrical
Installation
- Furniture
- Machinery
- Office
Premises
- Xerox Machine
- 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.54.03 |
|
|
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.