|
Report Date : |
24.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
PUNJAB HYDRAULICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
67, Bentinck Street, Hare Street, Kolkata-700069, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.07.1994 |
|
|
|
|
Com. Reg. No.: |
21-064152 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.29.005
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01112WB1994PTC064152 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Hydraulic Hose and Hose Assembly. |
|
|
|
|
No. of Employees
: |
35 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 162000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Overall financial position of the company appears to be moderate. Trade relations are fair. Business is active. Payment terms are slow
but correct. 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 – 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.
INFORMATION PARTED BY
|
Name : |
Mr. Ujwal Pan |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-33-22372691 |
|
Date : |
23.08.2013 |
LOCATIONS
|
Registered Office : |
67, Bentinck Street, Hare Street, Kolkata-700069, West Bengal, India |
|
Tel. No.: |
91-33-22372691 / 22377672 |
|
Fax No.: |
91-33-32930780 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Pawandeep Singh Soni |
|
Designation : |
Director |
|
Address : |
9-A, Hara Prasad Sastri Sarani, Block E, New Alipore, Kolkata-700053,
West Bengal, India |
|
Date of Birth/Age : |
08.09.1973 |
|
Date of Appointment : |
01.06.2010 |
|
Din No.: |
00450408 |
|
|
|
|
Name : |
Mr. Sukhdev Kaur |
|
Designation : |
Director |
|
Address : |
9-A, Hara Prasad Sastri Sarani, Block E, New Alipore, Kolkata-700053,
West Bengal, India |
|
Date of Birth/Age : |
24.04.1946 |
|
Date of Appointment : |
28.07.1994 |
|
Din No.: |
00465611 |
|
|
|
|
Name : |
Mr. Harcharan Kaur Soni |
|
Designation : |
Director |
|
Address : |
10/5, A Block, 2nd Floor, New Alipore, Kolkata-700053, West
Bengal, India |
|
Date of Birth/Age : |
01.11.1953 |
|
Date of Appointment : |
28.07.1994 |
|
Din No.: |
00551612 |
|
|
|
|
Name : |
Damneet Singh Soni |
|
Designation : |
Director |
|
Address : |
10/5, A Block, 2nd Floor, New Alipore, Kolkata-700053, West
Bengal, India |
|
Date of Birth/Age : |
17.01.1979 |
|
Date of Appointment : |
01.06.2010 |
|
Din No.: |
00527152 |
KEY EXECUTIVES
|
Name : |
Mr. Ujwal Pan |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jaspal Singh Soni |
|
100 |
|
Harcharan Singh Soni |
|
105300 |
|
Sukhdev Kaur |
|
15100 |
|
Pawan Singh Soni |
|
280000 |
|
Damneet Singh Soni |
|
285000 |
|
K. Kothari Bros. Private Limited, India |
|
180000 |
|
Harpal Kaur |
|
100 |
|
Tajindar Singh and Other HUF |
|
330000 |
|
Amarjit Singh and Other HUF |
|
310000 |
|
Jaspal Singh and Other HUF |
|
280000 |
|
Decorative Stone India Private Limited |
|
500000 |
|
Asha Tradecom Private Limited |
|
250000 |
|
Taveet Kaur Soni |
|
145000 |
|
Jasmine Singh Soni |
|
219900 |
|
|
|
|
|
TOTAL
|
|
2900500 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Hydraulic Hose and Hose Assembly. |
|
|
|
|
Imports : |
|
|
Products : |
Finished Goods |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
LC and Credit |
|
|
|
|
Purchasing : |
LC and Credit |
GENERAL INFORMATION
|
Customers : |
End Uses |
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
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No. of Employees : |
35 [Approximately] |
|||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Punjab Limited, Old Court House Corner,
Kolkata-700001, West Bengal, India ·
Oriental Bank of Commerce, Princep Street Branch,
2B, Ganesh Chandra Avenue, Kolkata-700013, West Bengal, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.C. Khandelwal and Company Chartered Accountants |
|
Address : |
10, Clive Row, 5th Floor, Rampuria Chamber, Kolkata-700001,
West Bengal, India |
|
Tel. No.: |
91-33-22429421 / 22429369 [Office] 91-33-24804152 / 24524183 [Residential] |
|
Mobile No.: |
91-9339836637 / 9339270868 |
|
Fax No.: |
91-33-22429369 |
|
PAN No: |
AAEFK6131C |
|
|
|
|
Related Parties : |
·
Decorative Stone (India) Private Limited ·
K. Kothari Brothers Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2900500 |
Equity Shares |
Rs.10/- each
|
Rs.29.005
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 |
|
29.005 |
29.005 |
|
(b) Reserves & Surplus |
|
11.724 |
9.008 |
|
(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) |
|
40.729 |
38.013 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
33.260 |
46.971 |
|
(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) |
|
33.260 |
46.971 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
36.497 |
5.711 |
|
(b)
Trade payables |
|
0.700 |
1.963 |
|
(c) Other
current liabilities |
|
1.325 |
1.139 |
|
(d) Short-term
provisions |
|
4.837 |
3.511 |
|
Total Current
Liabilities (4) |
|
43.359 |
12.324 |
|
|
|
|
|
|
TOTAL |
|
117.348 |
97.308 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
3.104 |
2.441 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(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 |
|
1.485 |
1.502 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
4.589 |
3.943 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
50.935 |
40.813 |
|
(c)
Trade receivables |
|
39.828 |
36.434 |
|
(d) Cash
and cash equivalents |
|
1.981 |
3.087 |
|
(e)
Short-term loans and advances |
|
13.455 |
8.922 |
|
(f)
Other current assets |
|
6.560 |
4.109 |
|
Total
Current Assets |
|
112.759 |
93.365 |
|
|
|
|
|
|
TOTAL |
|
117.348 |
97.308 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
29.005 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
6.231 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
35.236 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
3.002 |
|
|
2] Unsecured Loans |
|
|
24.000 |
|
|
TOTAL BORROWING |
|
|
27.002 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
62.238 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.117 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
22.363 |
|
|
Sundry Debtors |
|
|
34.958 |
|
|
Cash & Bank Balances |
|
|
2.711 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
5.961 |
|
Total
Current Assets |
|
|
65.993 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
3.351 |
|
|
Other Current Liabilities |
|
|
0.358 |
|
|
Provisions |
|
|
2.230 |
|
Total
Current Liabilities |
|
|
5.939 |
|
|
Net Current Assets |
|
|
60.054 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.067 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
62.238 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
197.302 |
148.038 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
212.057 |
160.033 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
4.042 |
4.057 |
2.726 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.326 |
1.280 |
0.873 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
2.716 |
2.777 |
1.853 |
|
|
|
|
|
|
|
|
|
Add |
PROFIT ON SALE
OF MOTOR CAR |
0.000 |
0.000 |
0.071 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.008 |
6.231 |
4.307 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
11.724 |
9.008 |
6.231 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.94 |
0.97 |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover [Approximately] |
|
|
250.000 |
The above information has been parted by Mr. Ujwal Pan.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.05 |
1.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.44
|
4.17 |
4.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.11 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.71
|
1.39 |
0.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.60
|
7.57 |
11.11 |
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 |
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 |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
OPERATIONS:
The directors inform that the company has
earned net profit of Rs.2.716 Millions. The directors hope to show better
results in the coming years.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Long Term Borrowings
|
|
|
|
From Directors |
3.143 |
15.523 |
|
From Shareholders |
23.466 |
24.567 |
|
From Body Corporate |
5.471 |
5.973 |
|
TOTAL
|
32.080 |
46.063 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10120248 |
|
Corporate
identity number of the company |
U01112WB1994PTC064152 |
|
Name of the
company |
PUNJAB HYDRAULICS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
67, Bentinck Street, Hare Street, Kolkata-700069, West Bengal, India |
|
Type of charge |
Book Debts Movable Property [not being pledge] Immovable property Any interest in immovable property |
|
Particular of
charge holder |
Oriental Bank of Commerce, Princep Street Branch, 2B, Ganesh Chandra
Avenue, Kolkata-700013, West Bengal, India Email: bm0145@obc.co.in |
|
Nature of description
of the instrument creating or modifying the charge |
i) Supplemental
Agreement ii) Common
Agreement iii) Balance and
Security Confirmation iv) Sanction
Letter |
|
Date of
instrument Creating the charge |
24.05.2013 |
|
Amount secured by
the charge |
Rs.49.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest BR + 3.25%
(Bank's Spread) over Base Rate (present BR of the Bank is 10.25%) which works
out to 13.50% at present with monthly rests Terms of Repayment Cash Credit - One
Year Letter of Credit
- One Year Margin Cash Credit - 25% Letter of Credit
- 25% in the shape of unencumbered duly discharged FDRs/CDRs. Extent and Operation of the charge By way of first
Charge on the whole of the mortgaged properties, hypothecated assets present
and future for securing the overall limit granted or to be granted by the
Bank (the Charge holder) together with interest, costs and charges thereon. |
|
Short particulars
of the property charged |
Hypothecation of
stock of Raw material, stock in process, finished goods, stores and spares
and Receivables Hypothecation of
all present and future fixed assets of the company EQM of Flat no 1
UD Premises No 31/41, 1st floor Mani Tower, Kolkata in the name of Mr.
Damneet SIngh Soni EQM of Properties
at flat no 2, 2nd Floor, 8 Jnan Goswami Sarani, New Alipore, Kolkata standing
in the name of Mr. Damneet SIngh Soni
Mrs. Tavneet Singh Soni |
|
Particulars of
the present modification |
By this
modification the overall limit enhanced from Rs. 40.000 Millions to Rs 49.000
Millions as under Cash Credit - 40.000 Millions Letter of Credit
- 9.000 Millions
------------------------ 49.000 Millions
------------------------ All other Terms
and Conditions Remain same unaltered |
FIXED ASSETS:
·
Computer
·
C.W. Scale
·
Fan
·
Electrical Installation
·
Machine Tools
·
Generator
·
Motor Car
·
Furniture and Fittings
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.64.69 |
|
|
1 |
Rs.100.80 |
|
Euro |
1 |
Rs.86.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.