1. Summary Information
|
|
|
Country |
India |
|
Company Name |
RAKESH KUMAR
RAMESH CHANDRA CHEMICALS PRIVATE LIMITED |
Principal Name 1 |
Mr. Gautam Agarwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Rakesh Kumar Agarwala |
|
|
|
Registration # |
|
|
Street Address |
14/61 – A, New No – 14/103, Civil Lines, Kanpur, Uttar Pradesh -
208001 |
||
|
Established Date |
21.08.1987 |
SIC Code |
-- |
|
Telephone# |
91-51-22210970 |
Business Style 1 |
Trader |
|
Fax # |
91-51-22214033 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Plastic |
|
# of employees |
-- |
Product Name 2 |
Calcium |
|
Paid up capital |
Rs.15,000,000/- |
Product Name 3 |
Carbohydrates |
|
Shareholders |
Bodies corporate 48% Directors or
relatives of Directors 52% |
Banking |
Bank of Baroda |
|
Public Limited Corp. |
NO |
Business Period |
26 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
Ba (42) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
33,447,000 |
Current Liabilities |
20,151,000 |
|
Inventories |
6,051,000 |
Long-term Liabilities |
4,180,000 |
|
Fixed Assets |
3,694,000 |
Other Liabilities |
568,000 |
|
Deferred Assets |
126,000 |
Total Liabilities |
24,899,000 |
|
Invest& other Assets |
10,921,000 |
Retained Earnings |
13,590,000 |
|
|
|
Net Worth |
29,340,000 |
|
Total Assets |
54,239,000 |
Total Liab. & Equity |
54,239.000 |
|
Total Assets (Previous Year) |
52,906,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
138,840,000 |
Net Profit |
2,255,000 |
|
Sales(Previous yr) |
91,666,000 |
Net Profit(Prev.yr) |
1,850,000 |
MIRA
INFORM REPORT
|
Report Date : |
12.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAKESH KUMAR RAMESH CHANDRA CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
14/61 – A, New No – 14/103, Civil Lines, Kanpur, Uttar Pradesh -
208001 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.08.1987 |
|
|
|
|
Com. Reg. No.: |
20-008938 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.15.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24241UP1987PTC008938 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Plastic, Calcium and Carbohydrates |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 117000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitment. The concern can be considered for 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
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.
LOCATIONS
|
Registered Office : |
14/61 – A, New No – 14/103, Civil Lines, Kanpur, Uttar Pradesh –
208001, India |
|
Tel. No.: |
91-51-22210970/ 2214035 |
|
Fax No.: |
91-51-22214033 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
33, Beck Bagan Row, Kolkata – 700017, India |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Gautam Agarwal |
|
Designation : |
Director |
|
Address : |
14/61 – A, New No – 14/103, Civil Lines, Kanpur, Uttar Pradesh –
208001, India |
|
Date of Birth/Age : |
11.10.1978 |
|
Date of Appointment : |
29.10.2002 |
|
DIN No. : |
00364871 |
|
|
|
|
Name : |
Mr. Rakesh Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
14/61 – A, New No – 14/103, Civil Lines, Kanpur, Uttar Pradesh – 208001,
India |
|
Date of Birth/Age : |
25.09.1950 |
|
Date of Appointment : |
21.08.1987 |
|
DIN No. : |
00364786 |
|
|
|
|
Name : |
Mr. Virendra Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
14/61 – A, New No – 14/103, Civil Lines, Kanpur, Uttar Pradesh –
208001, India |
|
Date of Birth/Age : |
01.08.1960 |
|
Date of Appointment : |
21.08.1987 |
|
DIN No. : |
01193839 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Draupadi Devi |
17500 |
|
Tanvi Goel |
15045 |
|
Manju Goel |
15000 |
|
Sarika Goel |
13050 |
|
Indira Agarwal |
11200 |
|
Gautam Agarwal |
10070 |
|
Chavi Agarwal |
10000 |
|
Smt. Sonia Goel |
8034 |
|
Rakesh Kumar Agarwal |
586 |
|
Sanjeev Kumar Agarwal |
300 |
|
Rakesh Kumar Agarwal |
250 |
|
Virendra Kumar Agarwal |
240 |
|
Virendra Kumar Agarwal |
150 |
|
Virendra Kumar Agarwal |
110 |
|
Renu Agarwal |
100 |
|
Rahul Goel |
100 |
|
Rajeev Kumar Agarwal |
6095 |
|
Renu Agarwal |
50 |
|
Virendra Kumar Agarwal |
5010 |
|
Sanjeev Kumar Agarwal |
10 |
|
Virendra Kumar Agarwal |
10 |
|
Virendra Kumar Agarwal |
10 |
|
Virendra Kumar Agarwal |
10 |
|
Virendra Kumar Agarwal |
10 |
|
Rakesh Kumar Agarwal |
10 |
|
Rakesh Kumar Agarwal |
10 |
|
Rakesh Kumar Agarwal |
9010 |
|
Rakesh Kumar Agarwal |
10 |
|
Renu Agarwal |
10 |
|
Munindra Gupta |
10 |
|
Ashish Goel |
7000 |
|
Rakesh Kumar Indira |
12000 |
|
Rakesh Virendra Sanjeev |
9000 |
|
|
|
|
Total
|
150000 |
As on: 10.10.2012
|
Names of Allottee |
No. of Shares |
|
Ashish Goel |
1500 |
|
Manju Goel |
1800 |
|
Sarika Goel |
2000 |
|
Sonia Goel |
2200 |
|
|
|
|
Total |
7500 |
As on: 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
48.00 |
|
Directors or relatives of Directors |
52.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Plastic, Calcium and Carbohydrates |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
v Bank of Baroda,
Kanpur, Uttar Pradesh, India v Citi Bank,
Kolkata, v Standard Charted
Bank, Kanpur, Uttar Pradesh, India v State Bank of
India v The Jammu and Kashmir
Bank Limited, Kanpur, Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra Neeti and Associate Chartered Accountants |
|
Address : |
112/292, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
|
PAN No. : |
AABFR0609K |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital : Rs.25.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 15.750
Millions
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.100/- each |
Rs.25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs.15.000 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 |
|
15.000 |
15.000 |
|
(b) Reserves & Surplus |
|
13.590 |
12.442 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.750 |
0.750 |
|
Total
Shareholders’ Funds (1) + (2) |
|
29.340 |
28.192 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
3.280 |
0.409 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
3.280 |
0.409 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.900 |
3.119 |
|
(b) Trade payables |
|
17.661 |
13.461 |
|
(c) Other current
liabilities |
|
2.490 |
7.016 |
|
(d) Short-term provisions |
|
0.568 |
0.709 |
|
Total Current Liabilities (4) |
|
21.619 |
24.305 |
|
|
|
|
|
|
TOTAL |
|
54.239 |
52.906 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3.686 |
3.978 |
|
(ii) Intangible Assets |
|
0.008 |
0.014 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
10.921 |
8.770 |
|
(c) Deferred tax assets (net) |
|
0.126 |
0.028 |
|
(d) Long-term Loan and Advances |
|
2.591 |
1.216 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
17.332 |
14.006 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
6.051 |
9.522 |
|
(c) Trade receivables |
|
19.344 |
19.215 |
|
(d) Cash and cash
equivalents |
|
3.774 |
3.611 |
|
(e) Short-term loans and
advances |
|
3.624 |
3.304 |
|
(f) Other current assets |
|
4.114 |
3.248 |
|
Total Current Assets |
|
36.907 |
38.900 |
|
|
|
|
|
|
TOTAL |
|
54.239 |
52.906 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
15.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
10.455 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
25.455 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.744 |
|
|
2] Unsecured Loans |
|
|
0.900 |
|
|
TOTAL BORROWING |
|
|
1.644 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.006 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
27.105 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
3.996 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
9.571 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
5.321 |
|
|
Sundry Debtors |
|
|
18.872 |
|
|
Cash & Bank Balances |
|
|
0.839 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
4.123 |
|
Total
Current Assets |
|
|
29.155 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
10.690 |
|
|
Other Current Liabilities |
|
|
4.814 |
|
|
Provisions |
|
|
0.194 |
|
Total
Current Liabilities |
|
|
15.698 |
|
|
Net Current Assets |
|
|
13.457 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.081 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
27.105 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
138.840 |
91.666 |
107.302 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.586 |
2.629 |
0.744 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.669) |
0.779 |
0.191 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.255 |
1.850 |
0.553 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.03 |
13.25 |
3.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
1.14
|
2.87 |
0.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.90
|
6.13 |
1.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.09 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14
|
0.12 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
1.60 |
1.86 |
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 |
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 |
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:
|
|
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Short Term
Borrowing |
|
|
|
From Related
Party |
|
|
|
From Director (From RKRC, Prop R.K. Agarwal) |
0.900 |
0.900 |
|
|
|
|
|
Total |
0.900 |
0.900 |
OPERATIONS:
During the year the
Company earned consolidated profit before tax of Rs. 1.586 as against profit of
Rs. 2.629 from Manufacturing and trading units in the last year. The Directors
of the Company have full confidence to give better performance during the years
to come.
FIXED ASSETS:
v
Land at Kolkata
v
Lab Equipment
v
Electrical Installation
v
Furniture and Fixture
v
Car
v
Computer
v
Cycle
v
Fax Machine
v
EPBX
v
LCD Television
v
Mobile Phone
v
Office Equipments
v
Air Conditioner
v
Scooter Motorcycle
v
Electronic Weighted
Machine
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
|
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 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.