MIRA
INFORM REPORT
|
Report Date : |
26.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
BANG DATA FORMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No.50, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel
(West) Mumbai – 400013, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.07.1989 |
|
|
|
|
Com. Reg. No.: |
11-052672 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.200
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22219MH1989PTC052672 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB1541Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of PP Woven Sacks for the Cement, Food Grain and Textile
Industries. |
|
|
|
|
No. of Employees
: |
428 (Approximately) (28 – in Office, In Factory – 400) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track record. Reserve of the company appears to be satisfactory during 2013. As per financial (2012), profit of the company has increased. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. NOTE: Current year profit and loss accounts is not available. |
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
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over
Rs.4000 mn. Gold and jewellery worth Rs.6.7 mn have been recovered from
the residence of Acharya.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BBB |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
22.03.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A3+ |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
22.03.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE
Contact No.: 91-22-24901781 / 22070644
LOCATIONS
|
Registered Office : |
Unit No.50, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel (West)
Mumbai -400013, Maharashtra, India |
|
Tel. No.: |
91-22-22070644 |
|
Mobile No.: |
91-9322225398 (Mr. |
|
Fax No.: |
91-22-22073868 |
|
E-Mail : |
|
|
Website : |
|
|
|
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|
Factory : |
Plot No.A-7 and A -64, MIDC, Chincholi, Solapur-413255, Maharashtra,
India |
|
Tel. No.: |
91-217-2357511 |
|
Fax No.: |
91-217-2357726 |
|
E-Mail : |
|
|
Area : |
2000000 sq. ft |
|
Location : |
Owned |
DIRECTORS
(AS ON 05.09.2013)
|
Name : |
Mr. Krishnakumar Ramkumar Bang |
|
Designation : |
Director |
|
Address : |
122, Sir Bhacchandra Road, Hindu Colony, Mumbai-400014, Maharashtra,
India |
|
Date of Birth/Age : |
25.04.1966 |
|
Date of Appointment : |
25.01.1990 |
|
Din No.: |
00235932 |
|
|
|
|
Name : |
Mr. Venugopal Balaram Bang |
|
Designation : |
Director |
|
Address : |
122, Sir Bhacchandra Road, Hindu Colony, Mumbai-400014, Maharashtra,
India |
|
Date of Birth/Age : |
02.06.1954 |
|
Date of Appointment : |
19.07.1989 |
|
Din No.: |
00112410 |
|
|
|
|
Name : |
Mr. Varadraj Rangnath Bang |
|
Designation : |
Director |
|
Address : |
9, Arun Building, Narayan Dabolkar Road, Mumbai-400006, Maharashtra,
India |
|
Date of Birth/Age : |
21.10.1967 |
|
Date of Appointment : |
25.07.1991 |
|
Din No.: |
00235962 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 05.09.2013)
|
Names of Shareholders |
No. of Shares |
|
Sampatkumar Bang |
20000 |
|
Saraswati Devi Bang |
26200 |
|
Ramanujdas Bang |
5000 |
|
Kantadevi Bang |
22200 |
|
Arvind Kumar Bang |
26200 |
|
Purshottam Bang |
26200 |
|
Sridhar Bang |
28300 |
|
Padmavati P Soni |
13000 |
|
Vishnukanta N Baheti |
15000 |
|
Ramankanta S Partani |
20000 |
|
Srikanta Laddha |
20000 |
|
Ramkumar Bang |
64700 |
|
Parwatidevi Bang |
50200 |
|
Narayandas Bang |
35000 |
|
Rekha N Bang |
31000 |
|
Kamalnayan R Bang |
35000 |
|
Krishna K Bang |
41600 |
|
Madhusudan Bang |
35000 |
|
Sita Bajaj |
20000 |
|
Geeta Jakhotia |
20000 |
|
Balaram R Bang |
50400 |
|
Radhadevi R Bang |
31400 |
|
Venugopal B Bang |
36600 |
|
Tara B Bang |
35400 |
|
Nandgopal B Bang |
35400 |
|
Sobha N Bang |
29600 |
|
Rajgopal B Bang |
35400 |
|
Girdhar B Bang |
35400 |
|
Brijgopal L Bang |
45500 |
|
Anusuya S Dhoot |
20000 |
|
Madhu R Maheshwari |
20000 |
|
Rangnath S Bang |
64900 |
|
Pushpadevi R Bang |
49800 |
|
Varadraj R Bang |
50400 |
|
Vasudev R Bang |
50500 |
|
Laxminiwas S Bang |
70500 |
|
Pushpa L Bang |
44200 |
|
Gopibai S. Bang |
10000 |
|
Satyanarayan R Sarda |
10000 |
|
Dwarka Prasad R Sarda |
10000 |
|
Ramkishore S Sarda |
10000 |
|
Rajgopal S Sarda |
10000 |
|
Shobha Devi Sarda |
10000 |
|
TOTAL |
1320000 |
(AS ON 05.09.2013)
|
Equity Shares Break – up |
Percentage |
|
|
|
|
Directors or relatives of directors |
100.00 |
|
|
|
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PP Woven Sacks for the Cement, Food Grain and Textile
Industries. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
PP Woven Fabrics/Bags |
Tons |
900 Per Month |
750 Per Month |
GENERAL INFORMATION
|
No. of Employees : |
428 (Approximately) (28 – in Office, In Factory – 400) |
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Bankers : |
·
ING Vysya Bank Limited Mittal Towers, A Wing, Ground Floor, 210, Nariman Point,
Mumbai-400021, Maharashtra, India ·
Commonwealth Bank of Australia Level 2, Hoechst House, Nariman Point, Mumbai-400021, Maharashtra,
India ·
Yes Bank Limited 9th Floor, Nehru Centre, Discovery of India, Dr. Annie
Besant Road, Worli, Mumbai-400018, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
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|
Financial Institution : |
SICOM Limited, Nariman Point, Mumbai-400021, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
K.M. Garg and Company Chartered Accountants |
|
Address : |
603/604, Unique Tower, Off. S.V. Road, Goregaon (West), Mumbai-400062,
Maharashtra, India |
|
PAN No.: |
AAEFK4654J |
|
|
|
|
Associates : |
Supreme
Polyweave Private Limited CIN No.:- U25202MH1999PTC121809 Bang Paper
Private Limited |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1320000 |
Equity Shares |
Rs.10/- each
|
Rs.13.200
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
13.200 |
13.200 |
13.200 |
|
(b) Reserves & Surplus |
238.582 |
198.008 |
165.750 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
251.782 |
211.208 |
178.950 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
99.199 |
125.866 |
68.533 |
|
(b) Deferred tax liabilities (Net) |
11.288 |
14.353 |
15.118 |
|
(c) Other long
term liabilities |
1.172 |
0.506 |
2.321 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
111.659 |
140.725 |
85.972 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
105.127 |
104.754 |
121.754 |
|
(b)
Trade payables |
60.313 |
108.624 |
95.440 |
|
(c)
Other current liabilities |
28.596 |
19.897 |
42.859 |
|
(d) Short-term
provisions |
0.979 |
5.196 |
53.238 |
|
Total Current
Liabilities (4) |
195.015 |
238.471 |
313.291 |
|
|
|
|
|
|
TOTAL |
558.456 |
590.404 |
578.213 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
215.552 |
221.832 |
238.911 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.200 |
15.345 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.175 |
0.176 |
0.175 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
16.920 |
45.025 |
16.791 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
232.847 |
282.378 |
255.877 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
132.780 |
142.299 |
140.431 |
|
(c)
Trade receivables |
153.186 |
123.936 |
111.459 |
|
(d) Cash
and cash equivalents |
8.578 |
11.039 |
7.483 |
|
(e)
Short-term loans and advances |
31.065 |
30.752 |
62.963 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
325.609 |
308.026 |
322.336 |
|
|
|
|
|
|
TOTAL |
558.456 |
590.404 |
578.213 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
43.529 |
41.293 |
|
|
|
|
|
|
|
|
|
Less |
PROVISION FOR TAX |
NA |
15.774 |
14.717 |
|
|
|
|
|
|
|
|
|
Less |
OTHER
PROVISION |
NA |
(0.150) |
3.224 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
NA |
27.905 |
23.352 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
497.878 |
403.567 |
271.615 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
-- |
21.14 |
17.69 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
7.57 |
7.14
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.21 |
0.23
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.81
|
1.09 |
1.06
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67
|
1.29 |
1.03
|
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM BORROWINGS DETAIL:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current Maturity of Long Term Borrowings |
0.000 |
0.000 |
29.499 |
|
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 |
Yes |
|
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 |
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) |
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] |
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 |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In
Millions) |
|
|
Long Term
Borrowings |
|
|
|
Loans and Advances from Directors |
2.692 |
0.270 |
|
Loans and Advances from Others |
46.981 |
36.190 |
|
|
|
|
|
TOTAL
|
49.673 |
36.460 |
NOTE
The registers office of the company has been shifted
from 581, Bhuleshwar Road, Mumbai - 400002, Maharashtra, India to the present
address w.e.f 27.03.2009.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10443048 |
12/07/2013 |
30,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
B82122078 |
|
2 |
10393571 |
07/12/2012 |
50,000,000.00 |
COMMONWEALTH
BANK OF AUSTRALIA |
LEVEL 2, HOECHST
HOUSE, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B64736598 |
|
3 |
10286017 |
15/06/2012 * |
20,000,000.00 |
ING VYSYA BANK
LIMITED |
C-12, G BLOCK,BANDRA
KURLA COMPLEX,, BANDRA EAST, |
B42553735 |
|
4 |
10204233 |
07/06/2012 * |
57,000,000.00 |
ING VYSYA BANK
LIMITED |
MITTAL
TOWERS,A-WING,GROUND FLOOR,, 210 NARIMAN P |
B42556134 |
|
5 |
10181137 |
08/02/2010 * |
27,000,000.00 |
SICOM LIMITED |
NIRMAL BLDG1ST
FLOOR, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A82203787 |
|
6 |
90237591 |
15/06/2012 * |
177,000,000.00 |
ING VYSYA BANK
LIMITED |
C-12, G
BLOCK,BANDRA KURLA COMPLEX,, BANDRA EAST, |
B42478446 |
|
7 |
90237475 |
06/02/2002 |
24,000,000.00 |
INDIAN BANK |
NARIMAN POINT,
MUMBAI, Maharashtra - 400021, INDIA |
- |
|
8 |
90237204 |
04/05/1999 * |
15,000,000.00 |
STATE BANK OF
MAURITIUS LIMITED |
101; RAHEJA
CENTRE, FREE PRESS JOURNAL ROAD; NARI |
- |
|
9 |
90237880 |
23/09/1998 * |
6,100,000.00 |
SICOM LIMITED |
NARIMAN POINT, MUMBAI,
MAHARASHTRA - 400021, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer Software
·
Vehicle
·
Electrical Equipment
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.61.99 |
|
|
1 |
Rs.101.37 |
|
Euro |
1 |
Rs.84.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.