MIRA
INFORM REPORT
|
Report Date : |
31.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
GTV ENGINEERING LIMITED (w.e.f. 19.10.2006) |
|
|
|
|
Formerly Known
As : |
|
|
|
|
|
Registered
Office : |
216-217-218, New Industrial Area - II, Mandideep – 462046, Madhya
Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.12.1990 |
|
|
|
|
Com. Reg. No.: |
10-006122 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 31.239 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L31102MP1990PLC006122 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLG01474E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCG1792M |
|
|
|
|
Legal Form : |
A Public Limited Liability company. The company’s Shares are Listed on
the Stock Exchanges. (Listed with Madhya Pradesh Stock Exchage) |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of heavy steel fabrications. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 940000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management of the company has failed its latest financials with the
government department whereas the same is not available with us. As per previous year financials (i.e.2012), there seems sharp dip in
the turnover and profitability of the company. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
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 |
ICRA |
|
Rating |
Fund based limits: (B+) |
|
Rating Explanation |
High risk of default. |
|
Date |
March 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund based limits: (B+) |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk. |
|
Date |
March 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.
LOCATIONS
|
Registered Office : |
216-217-218, New Industrial Area - II, Mandideep – 462046, Madhya
Pradesh, India |
|
Tel. No.: |
91-7480-233068 |
|
Fax No.: |
91-7480-233068 |
|
E-Mail : |
DIRECTORS
As on: 27.09.2013
|
Name : |
Mr. Mahesh Agrawal |
|
Designation : |
Managing director |
|
Address : |
Vedam 15, Neelkanth Woods, Near Tikuji Niwadi, Thane (West), Mumbai – 400610,
Maharashtra, India |
|
Date of Birth/Age : |
11.10.1953 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
04.12.1990 |
|
PAN No.: |
ADMPA4297N |
|
DIN No.: |
00013139 |
|
|
|
|
Name : |
Mrs. Veena Agrawal |
|
Designation : |
Whole-time director |
|
Address : |
Vedam 15, Neelkanth Woods, Near Tikuji Niwadi, Thane (West), Mumbai –
400610, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1955 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
04.04.1994 |
|
PAN No.: |
ADMPA4296P |
|
DIN No.: |
00013166 |
|
|
|
|
Name : |
Mr. Gaurav Agrawal |
|
Designation : |
Director |
|
Address : |
Vedam 15, Neelkanth Woods, Near Tikuji Niwadi, Thane (West), Mumbai –
400610, Maharashtra, India |
|
Date of Birth/Age : |
05.11.1982 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.07.2006 |
|
PAN No.: |
ADMPA1997R |
|
DIN No.: |
00013176 |
|
|
|
|
Name : |
Mr. Ksukumaran Maniyan Nair |
|
Designation : |
Director |
|
Address : |
29, EWS, Jawahar Nagar, Dewas – 455001, Madhya Pradesh, India |
|
Date of Birth/Age : |
24.10.1954 |
|
Date of Appointment : |
25.10.2012 |
|
DIN No.: |
00273072 |
|
|
|
|
Name : |
Mr. Venkita Krishnan Iyer |
|
Designation : |
Director |
|
Address : |
100 LIG, Mukharji Nagar, Dewas R2 – 14403, Madhya Pradesh, India |
|
Date of Birth/Age : |
13.11.1948 |
|
Date of Appointment : |
25.10.2012 |
|
DIN No.: |
03048980 |
|
|
|
|
Name : |
Mr. Jacob John |
|
Designation : |
Director |
|
Address : |
Sr. MIG 47, Sector – A, Apsara Complex, Indrapuri, Bhopal – 462016,
Madhya Pradesh, India |
|
Date of Birth/Age : |
31.12.1961 |
|
Date of Appointment : |
25.10.2012 |
|
DIN No.: |
03116657 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2013
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
8.00 |
|
Directors or relatives of directors |
|
71.11 |
|
Other top fifty shareholders |
|
20.89 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of heavy steel fabrications. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· State Bank of India, Industrial Estate Branch, Govindpura, Bhopal, Madhya Pradesh, India · Central Bank of India, Shahapura, Bhopal - 462016, Madhya Pradesh, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rath Dinesh and Associates Chartered Accountants |
|
Address : |
Bhopal, Madhya Pradesh, India |
|
PAN No.: |
AAEFR4071J |
CAPITAL STRUCTURE
As on: 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3123888 |
Equity Shares |
Rs.10/- each |
Rs. 31.239
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 |
|
31.239 |
31.239 |
|
(b) Reserves & Surplus |
|
205.552 |
204.669 |
|
(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) |
|
236.791 |
235.908 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
24.359 |
21.526 |
|
(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) |
|
24.359 |
21.526 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
43.036 |
35.500 |
|
(b) Trade
payables |
|
90.430 |
385.010 |
|
(c)
Other current liabilities |
|
64.428 |
50.911 |
|
(d) Short-term
provisions |
|
1.083 |
3.030 |
|
Total Current
Liabilities (4) |
|
198.977 |
474.451 |
|
|
|
|
|
|
TOTAL |
|
460.127 |
731.885 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
105.089 |
107.206 |
|
(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 |
|
132.260 |
42.260 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current
assets |
|
1.500 |
1.500 |
|
Total Non-Current
Assets |
|
238.849 |
150.966 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
149.924 |
120.652 |
|
(c)
Trade receivables |
|
17.382 |
377.597 |
|
(d) Cash
and cash equivalents |
|
17.040 |
9.452 |
|
(e)
Short-term loans and advances |
|
36.932 |
73.218 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
221.278 |
580.919 |
|
|
|
|
|
|
TOTAL |
|
460.127 |
731.885 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
27.239 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
125.532 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
152.771 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
28.141 |
|
|
2] Unsecured Loans |
|
|
42.484 |
|
|
TOTAL BORROWING |
|
|
70.625 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
223.396 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
109.175 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
42.260 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
124.515 |
|
|
Sundry Debtors |
|
|
30.429 |
|
|
Cash & Bank Balances |
|
|
30.587 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
19.550 |
|
Total
Current Assets |
|
|
205.081 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
70.421 |
|
|
Other Current Liabilities |
|
|
62.699 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
133.120 |
|
|
Net Current Assets |
|
|
71.961 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
223.396 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
307.452 |
900.215 |
184.212 |
|
|
|
Other Income |
0.951 |
3.085 |
2.365 |
|
|
|
TOTAL (A) |
308.403 |
903.300 |
186.577 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
298.579 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(61.171) |
4.271 |
|
|
|
|
Employee benefit expense |
4.418 |
5.013 |
|
|
|
|
Other expenses |
53.721 |
50.621 |
|
|
|
|
TOTAL (B) |
295.547 |
887.272 |
175.401 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.856 |
16.028 |
11.176 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.528 |
7.807 |
1.946 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.328 |
8.221 |
9.230 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.152 |
4.058 |
5.538 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.176 |
4.163 |
3.692 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.294 |
1.026 |
0.760 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.882 |
3.137 |
2.932 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
114.217 |
111.080 |
108.148 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
115.099 |
114.217 |
111.080 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.28 |
1.33 |
1.07 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.29 |
0.35 |
1.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.38 |
0.46 |
2.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.36 |
0.60 |
1.18 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.01 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.28 |
0.24 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.22 |
1.55 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Long term
borrowings |
|
|
|
Loans and advances from related parties |
9.648 |
6.814 |
|
|
|
|
|
Total |
9.648 |
6.814 |
Note:
The Registered Office of the company has been shifted from Samarpan 147,
Sector – Aindustries, Bhopal – Madhya Pradesh, India to the present address
w.e.f. 16.06.2007.
OPERATIONS
The company has been made impressive performance during the year. The turnover of the company during the year was Rs. 307.452 millions and Net Profit after tax during the year is Rs. 0.882 million.
Company’s Unit-I at Malanpur, Unit-II at Mandideep, Power
Mech Industries (Under Proprietorship of the Company) are working well.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10217185 |
12/05/2010 * |
190,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, LHO COMPLEX, HOSHANGABAD ROAD, |
A86900941 |
* Date of charge modification
FIXED ASSETS
· Land and Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer Equipments
· Other Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.00 |
|
|
1 |
Rs. 102.17 |
|
Euro |
1 |
Rs. 85.19 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
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 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
28 |
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.