MIRA
INFORM REPORT
|
Report Date : |
12.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
EXOTECH ZANINI INDUSTRIES PRIVATE LIMITED (w.e.f 18.12.2009) |
|
|
|
|
Formerly Known
As : |
EXOTECH PLASTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gat No 1102 Village Pirangut Taluka Mulshi, Pune – 411004, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.07.1996 |
|
|
|
|
Com. Reg. No.: |
25-101162 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.28.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25206MH1996PTC101162 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE00556D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE2275Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of
manufacturing and supply of automobile components for the automotive industry. |
|
|
|
|
No. of Employees
: |
105 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 573000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a satisfactory track
record. Financially company seems to be performing well. Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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 PARTED BY
|
Name : |
Mr. Shri Rangdgali |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-66758511 |
|
Date : |
09.08.2013 |
LOCATIONS
|
Registered Office : |
Gat No 1102 Village Pirangut Taluka Mulshi, Pune – 411004, |
|
Tel. No.: |
91-20-66758511 / 66758515 |
|
Fax No.: |
91-20-66758599 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on: 04.07.2012
|
Name : |
Mr. Rajiv Dinesh Kothari |
|
Designation : |
Managing Director |
|
Address : |
V – 13, Sacred Heart Town, Wanowarie, Pune – 411040, Maharashtra,
India |
|
Date of Birth/Age : |
20.06.1964 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No. : |
00165707 |
|
|
|
|
Name : |
Mr. Umesh Dinesh Kothari |
|
Designation : |
Director |
|
Address : |
125, clover Hill
Undri Pisoli Road, Kondhva KD, Pune 411048, Maharashtra, India |
|
Date of Birth/Age : |
17.02.1959 |
|
Date of Appointment : |
27.09.2010 |
|
DIN No. : |
00165640 |
|
|
|
|
Name : |
Luca Laudicina |
|
Designation : |
Director |
|
Address : |
Via Correggio ,
67,Milano Me, |
|
Date of Birth/Age : |
14.10.1970 |
|
Date of Appointment : |
27.09.2010 |
|
DIN No. : |
02671515 |
|
|
|
|
Name : |
Simone Giovanni Giuseppe Zanini |
|
Designation : |
Director |
|
Address : |
Piazza Castello,
22, Milano – 20121, |
|
Date of Birth/Age : |
25.01.1970 |
|
Date of Appointment : |
27.09.2010 |
|
DIN No. : |
02793096 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 04.07.2012
|
Names of Shareholders |
No. of Shares |
|
Umesh D Kothari |
559941 |
|
Rajiv Kothari |
560040 |
|
Dinesh Kothari |
280019 |
|
Zanini Holding Spa – Italia |
1400000 |
|
TOTAL |
2800000 |
As on: 04.07.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
50.00 |
|
Directors or relatives of Directors |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing
and supply of automobile components for the automotive industry. |
|
|
|
|
Products : |
Automotive Products |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Automobile Components |
Nos. |
1566000 |
8134352 |
|
Plating |
Sq. Ft. |
791250 |
832500 |
GENERAL INFORMATION
|
Customers : |
End Users and Others ·
TATA ·
GM ·
FIAT ·
Mahindra ·
John Deere ·
Force ·
Swaraj Mazda ·
Renault ·
Ford ·
Ashok Leyland |
|||||||||||||||||||||
|
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|
|||||||||||||||||||||
|
No. of Employees : |
105 (Approximately) |
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Bankers : |
·
Axis Bank, Corporate Banking Branch, 214-215,
City Mall, Near Pune University, Ganeshkhind Road, Pune – 411007,
Maharashtra, India ·
Dena Bank, Worli, Bombay – 400018, Maharashtra,
India |
|||||||||||||||||||||
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|
|||||||||||||||||||||
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Facilities : |
NOTE: Vehicle
loan (Secured): Vehicle loan
carries an interest rate of 14.06% per annum. The loan is repayable in 35 monthly
installments commencing from 10 September 2009. The loan is secured by an
exclusive hypothecation of the vehicle. |
|
Banking
Relations : |
-- |
|
|
|
|
Financial
Institute : |
Mahindra and Mahindra Financial Services Limited, Gateway Building,
Apollo Bunder, Mumbai – 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Sudit K Parekh and Company Chartered Accountant |
|
Address : |
Ballard House, 2nd Floor, Ali Marzban Path, Ballard Pier,
Fort, Mumbai – 400001, |
|
Tel. No.: |
91-22-66178000 |
|
Fax No.: |
91-22-66178002 |
|
E-Mail : |
|
|
PAN No. : |
AAPB9017P |
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|
|
|
Related Parties : |
·
Zanini Holding SPA, Italy ·
MGI Coutier Exotech Industries Private Limited ·
Dinesh and Compnay (Firm) |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2800000 |
Equity Shares |
Rs.10/- each |
Rs.28.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2800000 |
Equity Shares |
Rs.10/- each |
Rs.28.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
28.000 |
28.000 |
|
(b) Reserves & Surplus |
|
115.388 |
93.347 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
143.388 |
121.347 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
10.849 |
11.374 |
|
(b) Deferred tax liabilities (Net) |
|
1.757 |
1.685 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
12.606 |
13.059 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
35.730 |
34.844 |
|
(c) Other current
liabilities |
|
16.108 |
18.034 |
|
(d) Short-term provisions |
|
5.748 |
6.670 |
|
Total Current Liabilities (4) |
|
57.586 |
59.548 |
|
|
|
|
|
|
TOTAL |
|
213.580 |
193.954 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
39.483 |
39.988 |
|
(ii) Intangible Assets |
|
0.591 |
0.639 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.045 |
3.341 |
|
(e) Other Non-current assets |
|
0.005 |
0.005 |
|
Total Non-Current Assets |
|
43.124 |
43.973 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
45.905 |
40.640 |
|
(c) Trade receivables |
|
91.912 |
67.918 |
|
(d) Cash and cash
equivalents |
|
25.282 |
28.308 |
|
(e) Short-term loans and
advances |
|
7.321 |
13.033 |
|
(f) Other current assets |
|
0.036 |
0.082 |
|
Total Current Assets |
|
170.456 |
149.981 |
|
|
|
|
|
|
TOTAL |
|
213.580 |
193.954 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
20.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
49.176 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
69.176 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
11.861 |
|
|
2] Unsecured Loans |
|
|
18.448 |
|
|
TOTAL BORROWING |
|
|
30.309 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.863 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
100.348 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
38.895 |
|
|
Capital work-in-progress |
|
|
0.674 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
19.983 |
|
|
Sundry Debtors |
|
|
58.237 |
|
|
Cash & Bank Balances |
|
|
20.907 |
|
|
Other Current Assets |
|
|
2.994 |
|
|
Loans & Advances |
|
|
13.570 |
|
Total
Current Assets |
|
|
115.691 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
45.983 |
|
|
Provisions |
|
|
8.929 |
|
Total
Current Liabilities |
|
|
54.912 |
|
|
Net Current Assets |
|
|
60.779 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
100.348 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
395.871 |
337.980 |
281.412 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
363.140 |
306.035 |
247.369 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
32.700 |
31.992 |
33.946 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.659 |
10.622 |
12.720 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
22.041 |
21.370 |
21.226 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
19.918 |
20.629 |
23.199 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
7.199 |
5.931 |
3.847 |
|
|
|
Capital Goods |
0.000 |
0.226 |
0.000 |
|
|
TOTAL IMPORTS |
7.199 |
6.157 |
3.847 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.87 |
10.34 |
10.61 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
380.000 |
|
|
|
|
|
The above information has been parted by Mr. Shri Rangdgali
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
5.57
|
6.32 |
7.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.53
|
16.78 |
21.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.26 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.07
|
0.09 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.96
|
2.52 |
2.11 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT:
|
Particulars |
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
31.03.2010 [Rs.
in Millions] |
|
Current maturities
of long-term debt |
0.525 |
0.357 |
0.000 |
|
|
|
|
|
|
Total |
0.525 |
0.357 |
0.000 |
|
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 |
Yes |
|
9] |
Name of
person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover of
firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons for
variation <> 20% |
---------------------- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of
sister concerns |
Yes |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
Yes |
|
19] |
Payments
terms |
Yes |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct of
the banking account |
---------------------- |
|
26] |
Buyer visit
details |
---------------------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last accounts
filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date of Birth
of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No
of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
UNSECURED LOAN:
|
Particulars |
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
Deferred payment liabilities |
|
|
|
Sales Tax Deferral |
11.248 |
11.248 |
|
Less: current maturities
of deferred payment liabilities |
0.399 |
0.000 |
|
|
|
|
|
Total |
10.849 |
11.248 |
NOTE:
Deferred payment liabilities (Unsecured):
The deferred sales
tax liabilities for each year shall be repaid in equal annual installments not exceeding
five such installments at the expiry of 10th year of such year. The deferment
schemes started from October 2001 and installments will start from 26 April
2012.
BACKGROUND:
The company (formally known as Exotech Plastic
Private Limited) is a private company incorporated under the provision of the
companies Act, 1956 on 17th July 1996. The company is engaged in the
business of manufacturing and supply of automobile components for the
automotive industry.
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10439566 |
05/07/2013 |
40,000,000.00 |
MAHINDRA AND MAHINDRA FINANCIAL SERVICES
LIMITED |
GATEWAY BUILDING, APOLLO BUNDER, MUMBAI, Maharashtra - 400001, INDIA |
B80642655 |
|
2 |
10394683 |
19/01/2013 * |
180,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch,214-215,City Mall, Near |
B67803551 |
|
3 |
90085331 |
24/03/2000 |
20,352,955.00 |
FORD INDIA LTD |
S.P. KIOL, CHENGALPATTU, Maharashtra, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Temporary Buildings
·
Plant and Equipment
·
Furniture and Fixture
·
Vehicles
·
Office Equipments
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.61.11 |
|
|
1 |
Rs.94.77 |
|
Euro |
1 |
Rs.81.54 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.