|
Report Date : |
20.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
LAKSHMI CARD CLOTHING MANUFACTURING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.01.1960 |
|
|
|
|
Com. Reg. No.: |
18-000343 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17219TZ1960PTC000343 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CMBL03203E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL3521E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Card Clothing and Card Room Service Machineries. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2739000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Lakshmi Group of Companies. It is a well-established and reputed company having fine track record.
Financial position of the company is good. Trade relations are reported as
fair. Business is active. Payments are reported to be regular and as per
commitment. The company can be considered normal for business dealings at usual
trade terms and condition. NOTE: Latest financial
of 2013 is not available with us. |
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: A |
|
Rating Explanation |
Adequate degree of safety it carry low credit risk. |
|
Date |
10.09.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A1 |
|
Rating Explanation |
Strongest degree of safety it carry lowest credit risk. |
|
Date |
10.09.2012 |
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.
LOCATIONS
|
Registered Office / Factory : |
|
|
Tel. No.: |
91-4255-277105 to
277 107 |
|
Fax No.: |
91-4255-277107 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Lakshmi Plaza, 1089,
Avanashi Road, Coimbatore – 641037, Tamilnadu, India |
|
Tel. No.: |
91-422-210205 |
|
Fax No.: |
91-422-216694 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Rangaswamy Santharam |
|
Designation : |
Managing Director |
|
Address : |
Prathishta, New No.241, Old No.183, Race Course, Coimbatore – 641018,
Tamilnadu, India |
|
Date of Birth/Age : |
21.03.1937 |
|
Date of Appointment : |
11.09.1964 |
|
DIN No.: |
00151333 |
|
|
|
|
Name : |
Mr. Pathy Sundaram |
|
Designation : |
Director |
|
Address : |
Rasakondalu, |
|
Date of Birth/Age : |
17.11.1949 |
|
Date of Appointment : |
27.03.1975 |
|
DIN No.: |
00013899 |
|
|
|
|
Name : |
Mr. Ralph Armin Graf |
|
Designation : |
Director |
|
Address : |
Strandweg 4,
Freienbach, Switzerland 8807 |
|
Date of Birth/Age : |
25.08.1939 |
|
Date of Appointment : |
30.11.1977 |
|
DIN No.: |
01808424 |
|
|
|
|
Name : |
Mr. Reddigari Chinna Hanumantha Reddy |
|
Designation : |
Director |
|
Address : |
Flat No.A IV/2, 45, Park Avenue, Race Course, Coimbatore – 641018,
Tamilnadu, India |
|
Date of Birth/Age : |
01.06.1935 |
|
Date of Appointment : |
26.06.1996 |
|
DIN No.: |
00006184 |
|
|
|
|
Name : |
Mr. Santharam Harishankar |
|
Designation : |
Whole-time director |
|
Address : |
Prathishta, New
No.241, Old No.183, Race Course Road, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
07.05.1973 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00151265 |
|
|
|
|
Name : |
Mr. Aditya Krishnapathy |
|
Designation : |
Director |
|
Address : |
Rasakondalu, 27, |
|
Date of Birth/Age : |
31.07.1986 |
|
Date of Appointment : |
20.08.2008 |
|
DIN No.: |
00062224 |
|
|
|
|
Name : |
Mr. Balasundaram Sriram |
|
Designation : |
Whole Time Director |
|
Address : |
1996/9, M R Gardens Near Krishna Colony, Singanallur,
Coimbatore-641005, Tamilnadu, India |
|
Date of Birth/Age : |
08.12.1970 |
|
Date of Appointment : |
10.12.2012 |
|
DIN No.: |
00151097 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
S. Thulasiammal |
|
1980 |
|
N. Krishnaveni |
|
9000 |
|
S. Sunitha |
|
17870 |
|
J. Vidya |
|
4800 |
|
D. Andal |
|
6000 |
|
Adityakrishna Pathy |
|
43970 |
|
K. Thangavelu and T. Kasthuri |
|
1200 |
|
S. Vasantha and R. Sumathi |
|
4800 |
|
R.K.K. Veenakumari |
|
6360 |
|
R. K. K. Indira |
|
2400 |
|
R. Santharam and S. Harishankar |
|
990 |
|
V.J. Jayaraman |
|
600 |
|
Asuthosh N. Munshaw |
|
1980 |
|
Prashanth Chandrran |
|
1 |
|
B. Abhinav Narayana by M&G Beena Balasubramaniam |
|
2361 |
|
S. Harishankar |
|
68572 |
|
Aishwarya Lakshmi |
|
7812 |
|
V. Mohan |
|
2760 |
|
Sans Craintes Live Stock Private Limited, India |
|
2640 |
|
S. Pathy and Aditya Krishna Pathy |
|
37731 |
|
Arjun Karivaradhan |
|
12458 |
|
Nithin Karivaradhan |
|
12755 |
|
Anirudh Balasubramaniam |
|
2361 |
|
|
|
|
|
TOTAL
|
|
251401 |
AS ON 27.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
1.05 |
|
Directors
or relatives of directors |
|
72.26 |
|
Other
top fifty shareholders |
|
26.69 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Card Clothing and Card Room Service Machineries. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Bank of Baroda Main Branch, Bank Road, Coimbatore - 641018, Tamil Nadu, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Subbachar and Srinivasan Chartered Accountants |
|
Address : |
34,Kalingarayar Street, Tamilnadu, India |
|
PAN No: |
AALFS8959F |
|
|
|
|
Related Parties : |
· Central Engineering Works · Central Nail Works · Prathishta Weaving and Knitting Company Limited · Infocus Marketing Services Limited · Texcity Engineering · LCC Investments Limited · The Coimbatore Lakshmi Cotton Press Private Limited · The Lakshmi Mills Company Limited · Lakshmi Automatic Loom Works Limited · R. Santharam Marketing Services Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
251401 |
Equity Shares |
Rs.10/- each
|
Rs.25.140
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 |
|
30.000 |
30.000 |
|
(b) Reserves & Surplus |
|
654.836 |
575.737 |
|
(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) |
|
684.836 |
605.737 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
61.135 |
108.289 |
|
(b) Deferred tax liabilities (Net) |
|
2.517 |
6.286 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.632 |
3.157 |
|
Total Non-current
Liabilities (3) |
|
64.284 |
117.732 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
199.011 |
139.131 |
|
(b)
Trade payables |
|
65.271 |
39.709 |
|
(c)
Other current liabilities |
|
435.827 |
385.334 |
|
(d) Short-term
provisions |
|
63.661 |
84.679 |
|
Total Current
Liabilities (4) |
|
763.770 |
648.853 |
|
|
|
|
|
|
TOTAL |
|
1512.890 |
1372.322 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible
assets |
|
315.791 |
308.836 |
|
(ii)
Intangible Assets |
|
0.571 |
1.142 |
|
(iii)
Capital work-in-progress |
|
5.781 |
2.829 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
204.542 |
214.174 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
81.168 |
70.725 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
607.853 |
597.706 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
322.850 |
227.323 |
|
(c)
Trade receivables |
|
158.052 |
171.978 |
|
(d) Cash
and cash equivalents |
|
386.124 |
344.145 |
|
(e)
Short-term loans and advances |
|
16.852 |
12.887 |
|
(f)
Other current assets |
|
21.159 |
18.283 |
|
Total
Current Assets |
|
905.037 |
774.616 |
|
|
|
|
|
|
TOTAL |
|
1512.890 |
1372.322 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
492.666 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
522.666 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
329.867 |
|
|
2] Unsecured Loans |
|
|
206.474 |
|
|
TOTAL BORROWING |
|
|
536.341 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1059.007 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
346.412 |
|
|
Capital work-in-progress |
|
|
2.266 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
159.226 |
|
|
DEFERREX TAX ASSETS |
|
|
(12.913) |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
201.746 |
|
|
Sundry Debtors |
|
|
326.374 |
|
|
Cash & Bank Balances |
|
|
170.985 |
|
|
Other Current Assets |
|
|
15.422 |
|
|
Loans & Advances |
|
|
105.358 |
|
Total
Current Assets |
|
|
819.885 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
56.829 |
|
|
Other Current Liabilities |
|
|
118.074 |
|
|
Provisions |
|
|
81.234 |
|
Total
Current Liabilities |
|
|
256.137 |
|
|
Net Current Assets |
|
|
563.748 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.268 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1059.007 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
938.494 |
1013.720 |
845.867 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
190.702 |
246.596 |
163.404 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
41.788 |
49.136 |
60.055 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
148.914 |
197.460 |
103.349 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
26.232 |
53.372 |
34.240 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
122.682 |
144.088 |
69.109 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
393.812 |
325.741 |
319.106 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend at @125% |
37.500 |
52.500 |
45.000 |
|
|
|
Tax on Dividend at @ 16.2225 % |
6.083 |
8.517 |
7.474 |
|
|
|
Transfer to General Reserve |
12.500 |
15.000 |
10.000 |
|
|
BALANCE CARRIED
TO THE B/S |
460.411 |
393.812 |
325.741 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
147.975 |
141.741 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
408.94 |
480.29 |
230.36 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
15.87
|
19.47 |
12.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.43
|
17.09 |
8.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.33 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.37
|
0.41 |
1.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18
|
1.19 |
3.20 |
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 |
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 |
Yes |
REVIEW OF
OPERATIONS:
The income on the sale of Card Clothing, Card Room Accessories, Card
Service Equipments, Radio Frequency Dryers, Fabrication charges and Service
charges has decreased by 7.75%
PROSPECTS FOR THE
CURRENT YEAR:
The Textile Industry is still not recovered and facing difficult times
ahead due to slow down in domestic and global markets. Efforts are being taken
to increase turnover for the year by optimizing the available resources.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Deposits from shareholders |
22.165 |
25.789 |
|
TOTAL
|
22.165 |
25.789 |
FIXED ASSETS:
Tangible Assets
· Land
· Buildings
· Plant and equipment
· Electrical Machinery
· Furniture and fixtures
· Vehicles
· Office Equipments
· Computer Equipments
· Library
Intangible Assets
· Computer Software
· Patterns
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.62.38 |
|
|
1 |
Rs.102.15 |
|
Euro |
1 |
Rs.85.29 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.