|
Report Date : |
25.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PCM CEMENT CONCRETE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
10C, Middleton Row, Kolkata – 700071, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
14.10.1991 |
|
|
|
|
Com. Reg. No.: |
21-053397 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 17.357
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB1991PTC053397 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALP04787G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP1669D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Railway Track Products, Flash Butt Welding and
Operating Two Radio Stations and Event Management. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1150000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of PCM Group. It is an established company having a moderate track record. The
latest financial are not made available with the government department. As per previous year’s record, the performance seems to be
satisfactory. Trade relations are reported to be fair. Business is active.
Payments are reported to be 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.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating : (ICRA) BB+ |
|
Rating Explanation |
Having moderate risk of default regarding
timely servicing of financial obligation. |
|
Date |
April 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 : |
10C, Middleton Row, Kolkata – 700071, West Bengal, India |
|
Tel. No.: |
91-33-22264855/ 22264856 |
|
Fax No.: |
91-33-22264857 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
PCM Tower, 2nd Mile, Sevoke Road, Siliguri – 734001, West
Bengal, India |
|
Tel. No.: |
91-353-2777028/ 29/ 40 |
|
Fax No.: |
91-353-2540734 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Kamal Kumar Mittal |
|
Designation : |
Director |
|
Address : |
Mittal House, Hasimara, Jalpaiguri – 735215, West Bengal, India |
|
Date of Birth/Age : |
28.12.1959 |
|
Date of Appointment : |
01.08.1995 |
|
DIN No.: |
00240334 |
|
|
|
|
Name : |
Mr. Niranjan Kumar Mittal |
|
Designation : |
Director |
|
Address : |
Mittal House, Hasimara, Jalpaiguri – 735215, West Bengal, India |
|
Date of Birth/Age : |
29.11.1963 |
|
Date of Appointment : |
14.10.1991 |
|
DIN No.: |
00240497 |
|
|
|
|
Name : |
Mr. Anand Kumar Mittal |
|
Designation : |
Director |
|
Address : |
8, Pretoria Street, 1st Floor, Kolkata – 700071, West
Bengal, India |
|
Date of Birth/Age : |
02.10.1972 |
|
Date of Appointment : |
14.10.1991 |
|
DIN No.: |
00250975 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Niranjan Kumar Mittal |
|
119100 |
|
Neelam Mittal |
|
89900 |
|
Anand Kumar Mittal |
|
117850 |
|
Saroj Mittal |
|
87300 |
|
Kamal Kumar Mittal |
|
124550 |
|
Dulari Devi Mittal |
|
439800 |
|
Archana Jhunjhunwala |
|
1000 |
|
Sourav Mittal |
|
6100 |
|
Nishant Mittal |
|
25050 |
|
(Partner) (HUF) |
|
77094 |
|
Kamal Kumar Mittal and Brothers (HUF) |
|
40800 |
|
Niranjan Kumar Mittal and Sons (HUF) |
|
30000 |
|
HTC Finance Private Limited, India |
|
279000 |
|
(Partner) Niranjan Kumar Mittal |
|
80000 |
|
(Partner) Kamal Kumar Mittal |
|
70000 |
|
Anand Kumar Mittal and Sons (HUF) |
|
68750 |
|
Sangita Mittal |
|
79450 |
|
Sathi Builders Private Limited, India |
|
4950 |
|
|
|
|
|
Total |
|
1740694 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
16.31 |
|
Directors
or relatives of directors |
|
83.63 |
|
Other
top fifty shareholders |
|
0.06 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Railway Track Products, Flash Butt Welding and
Operating Two Radio Stations and Event Management. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Actual
Production Qty. |
|
Broad Gauge Sleepers |
214240.00 |
|
Broad Gauge Sleepers (Mixed Design) |
20.00 |
|
SEJ Sleeper |
1520.00 |
|
RCC Retainer |
110.00 |
|
PSC Slab |
110.00 |
|
1 in 12 Turn Out Sleepers |
11940.00 |
|
1 in 8.5 Turn Out Sleepers |
9884.00 |
|
Drailing Switch Sleeper |
3025.00 |
|
Mixed Gauge (BG + BG) |
71848.00 |
Note:
Licensed Capacity and Installed Capacity: Not Applicable
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Ø Axis Bank
Limited Ø Bank of Baroda Ø Citi Bank Ø State Bank of
India Ø The Bank of
Rajasthan Limited |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gujrani and Company Chartered Accountants |
|
Address : |
42A, C. R. Avenue, 3rd Floor, Near Yogayog Bhawan, Kolkata – 700012,
West Bengal, India |
|
Tel. No.: |
91-33-22121594/ 95 |
|
Fax No.: |
91-33-22121596 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACFG6855D |
|
|
|
|
Enterprise over which any person described in above is able to
exercise significant influence : |
Ø
HTC Finance Private
Limited Ø Inam Business
Solutions Private Limited Ø Neelkamal Nirman
Company Private Limited Ø PCM Agro
products Private Limited Ø PCM Alloys
Steels Private Limited Ø PCM Chemicals
Private Limited Ø PCM Tea
Processing Private Limited Ø PCM Power Trading
Corporation Limited Ø PCM Resorts and
Developers Private Limited Ø Sathi Builders
Private Limited Ø Uttar Banga
Realtors Private Limited Ø Uttar Banga
Unnayan Private Limited Ø Railtrack
Concrete Product Private Limited Ø Shree Om Lefins
Private Limited Ø PCM Concrete
Poles Ø Anand Kumar
Mittal and Sons Ø K.K. Mittal and
Brothers Ø K.K. Mittal and
Sons Ø N.K. Mittal and
Sons Ø Himalayan Alloys
Steel Trading Company |
|
|
|
|
Subsidiaries : |
Ø PCM Strescon
Overseas Ventures Limited [U45203WB2006PLC108486] Ø PCM Hydel Power Corporation
Limited [U40105WB2005PLC103660] |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,740,694 |
Equity Shares |
Rs. 10/- each |
Rs. 17.407
Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,735,744 |
Equity Shares |
Rs. 10/- each |
Rs. 17.357
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 |
17.357 |
17.357 |
16.677 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
269.896 |
260.707 |
227.968 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
287.253 |
278.064 |
244.645 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
185.213 |
143.876 |
136.195 |
|
|
2] Unsecured Loans |
15.010 |
6.057 |
15.596 |
|
|
TOTAL BORROWING |
200.223 |
149.933 |
151.791 |
|
|
DEFERRED TAX LIABILITIES |
1.174 |
0.734 |
0.819 |
|
|
|
|
|
|
|
|
TOTAL |
488.650 |
428.731 |
397.255 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
129.732 |
76.985 |
87.143 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
105.098 |
102.098 |
92.495 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
54.223
|
40.699 |
44.330 |
|
|
Sundry Debtors |
90.553
|
65.905 |
48.790 |
|
|
Cash & Bank Balances |
55.009
|
20.932 |
19.284 |
|
|
Other Current Assets |
148.683
|
146.607 |
142.190 |
|
|
Loans & Advances |
118.677
|
160.580 |
102.173 |
|
Total
Current Assets |
467.145
|
434.723 |
356.767 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
100.239
|
80.413 |
76.731 |
|
|
Other Current Liabilities |
119.312
|
111.542 |
75.102 |
|
|
Provisions |
5.452
|
7.022 |
3.444 |
|
Total
Current Liabilities |
225.003
|
198.977 |
155.277 |
|
|
Net Current Assets |
242.142
|
235.746 |
201.490 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
11.678 |
13.902 |
16.127 |
|
|
|
|
|
|
|
|
TOTAL |
488.650 |
428.731 |
397.255 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
552.516 |
551.891 |
484.362 |
|
|
|
Other Income |
24.465 |
15.007 |
13.473 |
|
|
|
TOTAL (A) |
576.981 |
566.898 |
497.835 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Opening Stock |
18.922 |
17.249 |
51.277 |
|
|
|
Raw Material Consumed |
361.785 |
345.927 |
277.480 |
|
|
|
Purchase of Advertisement and Activity |
0.153 |
0.000 |
0.000 |
|
|
|
Direct Expenses |
133.195 |
123.581 |
109.645 |
|
|
|
Indirect Expenses |
39.430 |
47.344 |
30.901 |
|
|
|
Prior period Expenses |
0.014 |
0.000 |
0.000 |
|
|
|
Auditors remuneration |
0.110 |
0.110 |
0.110 |
|
|
|
Deferred revenue expenditure |
2.225 |
2.225 |
1.135 |
|
|
|
Closing Stock |
(37.969) |
(18.922) |
(17.249) |
|
|
|
TOTAL (B) |
517.865 |
517.514 |
453.299 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
59.116 |
49.384 |
44.536 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.789 |
14.972 |
22.204 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
37.327 |
34.412 |
22.332 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.590 |
14.087 |
13.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
17.737 |
20.325 |
9.139 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.891 |
6.561 |
3.494 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
11.846 |
13.764 |
5.645 |
|
|
|
|
|
|
|
|
|
Less |
TAX PAID |
0.002 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
58.648 |
44.884 |
39.239 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
70.492 |
58.648 |
44.884 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.82 |
8.24 |
3.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.05
|
2.43 |
1.13 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.21
|
3.68 |
1.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.97
|
3.97 |
2.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.07 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.70
|
0.54 |
0.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.08
|
2.18 |
2.30 |
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) |
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 |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
|
|
HTC Finance Private Limited |
15.010 |
6.057 |
|
Total |
15.010 |
6.057 |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
(Rs. in Millions) |
|
|
Outstanding Bank
Guarantee issued by |
|
|
|
State Bank of India |
20.016 |
51.671 |
|
Axis Bank Limited |
53.933 |
0.000 |
|
Bank of Baroda |
40.040 |
0.000 |
WEBSITE DETAILS
PRESS RELEASE:
PCM CEMENT CONCRETE
ACQUIRES RAIL.ONE GMBH
Tuesday, 09 Apr 2013
PCM Cement Concrete, a concrete Railway sleeper manufacturer, acquired German company Rail. One GmbH.
PCM Germany GmbH, an SPV of PCM Group, acquired Rail.One GmbH and all its
subsidiaries for €36 million (approx Rs 2560.000 Millions). The deal was signed
after the owners made the company debt-free. KPMG did the due-diligence study
for PCM.
PCM has a total of five units – one unit in West Bengal and Assam each, two in
Saudi Arabia and one in Abu Dhabi.
Rail. One manufactures main-track and turnout ties made of concrete. It has
total annual capacity for four million main-track ties, as well as for over
5.80 lakh linear mtrs of switch ties.
PCM CEMENT BUYS
GERMAN FIRM FOR €36 MILLION
Kolkata, April
8:
PCM Cement Concrete Private Limited, a concrete Railway sleeper manufacturer, said on Monday that it has acquired German company Rail. One GmbH for €36 million.
The Rs 3500.000 Millions PCM has a total of five units – one unit in West Bengal and Assam each, two in Saudi Arabia and one in Abu Dhabi.
Kamal Kumar Mittal, Chairman, PCM Group, told Business Line that PCM Germany GmbH, a special purpose vehicle of the Group, acquired Rail. One GmbH and all its subsidiaries for €36 million.
The deal was done after the owners made the company debt-free. KPMG did the due-diligence study for PCM.
“Some 11 European bankers had lent €86 million to Rail. One in 2006. Though the company was making operating profit from operations of all its existing seven plants, interest burden was eating into its profits,” said Mittal.
Rail. One manufactures main-track and turnout ties made of concrete. With over 600 employees at its plants in Germany, Romania, Saudi Arabia, Spain, South Korea, Turkey, and Hungary, Rail. One has total annual capacity for four million main-track ties, as well as for over 5.80 lakh linear metres of switch ties.
Last month, the German company announced plans to construct a production plant in US.
The 6-lakh-tonne-unit in Iowa was proposed to be set up through its US subsidiary Rail. One USA Corp at an investment of €15 million.
The total turnover of Rail. One and its subsidiaries stands at €130 million.
Mittal said PCM would carry through the US proposal for Rail. One.
PCM before the takeover had a total capacity of 3.1 lakh tonnes. Commissioning of the plant was targeted for the end of this calendar year.
The current annual replacement of around 22 million wooden ties on American railroads is expected to result in greater replacement with concrete ties.
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. 54.30 |
|
|
1 |
Rs. 82.88 |
|
Euro |
1 |
Rs. 70.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.