MIRA
INFORM REPORT
|
Report Date : |
15.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALLEN
REINFORCED PLASTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
6-3-856/4,
Sadath Manzil Colony, Opposite Lane to Green Park Hotel, Ameerpet, Hyderabad
– 500 016, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.12.1987 |
|
|
|
|
Com. Reg. No.: |
01-008136 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.14.407
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209AP1987PTC008136 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of designing, developing and
manufacturing, integrating, and testing weapons and composites products with
metallic and non-metallic parts and fitments. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 304000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appears some dip in the profitability of the company in the current year.
However, trade relations are reported as fair. Business is active. Payments
are reported to be slow. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Bank Guarantee: A4 |
|
Rating Explanation |
Minimal degree of safety it carry high credit risk. |
|
Date |
June 14, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit: B |
|
Rating Explanation |
High risk of default. |
|
Date |
June 14, 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/ Corporate Office/ Administration Office : |
6-3-856/4,
Sadath Manzil Colony, Opposite Lane to Green Park Hotel, Ameerpet, Hyderabad
– 500 016, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23413778/ 66787464/ 65/ 66/ 67 |
|
Fax No.: |
91-40-23413776 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
155/B/1&2, S.V. Co-Operative Indusial Estate, Miyapur, Bollaram –
502 320, Medak District, Andhra Pradesh, India |
|
Tel. No.: |
91-40-64601467/ 64603467 |
|
|
|
|
Factory 2 : |
Plot No.204/3,
4, 7 and 8, Phase - II, I.D.A., Cherlapally, RR District, Hyderabad – 500
051, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27260377/
27260037 |
|
Fax No.: |
91-40-27260037 |
DIRECTORS
As on 13.08.2012
|
Name : |
Mr. Chandrasekhar Kasinadhuni |
|
Designation : |
Director |
|
Address : |
8-3-167/D/254, Kalyan Nagar, Hyderabad – 500 038, Andhra Pradesh,
India |
|
Date of Birth/Age : |
31.12.1958 |
|
Date of Appointment : |
31.12.1987 |
|
DIN No.: |
00035535 |
|
|
|
|
Name : |
Mr. Venkateswara Rao Poruri |
|
Designation : |
Director |
|
Address : |
H.No.7-1-215/D/1, Flat No.201, Yashochandra Heaven, D.K. Road,
Ameerpet, Hyderabad – 500 016, Andhra Pradesh, India |
|
Date of Birth/Age : |
03.08.1957 |
|
Date of Appointment : |
31.12.1987 |
|
DIN No.: |
00035426 |
|
|
|
|
Name : |
Mr. Venkateswara Rao Neelamraju |
|
Designation : |
Director |
|
Address : |
6-3-956/22/1, Venkataramana Colony, Khiratbad, Hyderabad – 500 004,
Andhra Pradesh, India |
|
Date of Birth/Age : |
15.10.1960 |
|
Date of Appointment : |
25.09.1989 |
|
DIN No.: |
00035496 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 13.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
K. Chandrasekar |
|
417401 |
|
K. Rajarajeswari |
|
42600 |
|
P. Venkateswara Rao |
|
349851 |
|
P. Sujatha |
|
102649 |
|
P.D. Madhavi Latha |
|
1900 |
|
P.S. Krishna Srinivas |
|
1900 |
|
N. Venkateswar Rao |
|
352050 |
|
N. Sitaram Lakshmi |
|
85749 |
|
N.V. Ramakrishna |
|
7500 |
|
N. Sarada |
|
7500 |
|
ICICI Trusteeship Limited (ICICI Equity Fund) |
|
50000 |
|
T.P. Sastry |
|
21600 |
|
Total
|
|
1440700 |
As on 02.11.2012
|
Names of Allottees |
|
No. of Shares |
|
K. Chandrasekar |
|
117450 |
|
K. Rajarajeswari |
|
12075 |
|
P. Venkateswara Rao |
|
101013 |
|
P. Sujatha |
|
26612 |
|
P.M. Krishna Srinivas |
|
1425 |
|
P.D. Madhavi Latha |
|
475 |
|
N. Venkateswa Rao |
|
102913 |
|
N. Sitaram Lakshmi |
|
22862 |
|
N. Sarada |
|
1875 |
|
N.V. Ramakrishna |
|
1875 |
|
T.P. Sastry |
|
5400 |
|
Total
|
|
393975 |
As on 13.08.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Nationalised or other banks |
|
3.87 |
|
Directors
or relatives of directors |
|
96.13 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of designing, developing and manufacturing,
integrating, and testing weapons and composites products with metallic and
non-metallic parts and fitments. |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
2010-2011 |
|
Installed Capacity |
N.A. |
|
|
|
|
Actual Production (in Nos.) |
3943 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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||||||||||||||||||
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Bankers : |
·
State Bank of India, SME Branch, 2nd
Floor, Chirag Ali Lane, Abids, Hyderabad – 500 001, Andhra Pradesh, India ·
State Bank of India, Commercial
Branch, Bank Street, Koti, Hyderabad – 500 095, Andhra Pradesh, India |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Somanchi and Company Chartered Accountants |
|
Address : |
307, Taramandal Complex, Saifabad – 500 004, Andhra Pradesh, India |
|
Tel. No.: |
91-40-23241362 |
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E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAOFS0119C |
CAPITAL STRUCTURE
After 13.08.2012
Authorised Capital : Rs.30.000 millions
Issued, Subscribed & Paid-up Capital : Rs.19.799
millions
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 |
|
1440700 |
Equity Shares |
Rs.10/- each |
Rs.14.407
millions |
|
|
|
|
|
The
Company has only one class of shares referred to as equity shares having a par
value of Rs.10/-. Each holder of equity shares is entitled to one vote per
share.
Shares
in the company held by each shareholder holding more than 5% shares:
|
Name
of the Shareholder |
No. of Shares |
%age of holding |
|
K. Chandrasekar |
417401 |
25.97% |
|
P. Venkateswar Rao |
349851 |
24.28% |
|
P. Sujatha |
102649 |
7.12% |
|
N. Venkateswar Rao |
352050 |
24.44% |
|
N. Sitaram Lakshmi |
85749 |
5.95% |
The
reconciliation of the number of shares outstanding and the amount of share capital
as at March 31, 2012 is set out below:
|
Particulars |
31.03.2012 |
|
|
Number of shares |
Amount (Rs. In millions) |
|
|
Number of shares at the beginning |
1290700 |
12.907 |
|
Add: Shares issued during the year |
150000 |
1.500 |
|
Number
of shares at the end |
1440700 |
14.407 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
14.407 |
12.907 |
12.907 |
|
|
2] Share Application Money Pending Allotment |
0.380 |
1.500 |
0.000 |
|
|
3] Reserves & Surplus |
61.134 |
57.188 |
47.305 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
75.921 |
71.595 |
60.212 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
51.520 |
52.661 |
66.665 |
|
|
2] Unsecured Loans |
2.156 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
53.676 |
52.661 |
66.665 |
|
|
DEFERRED TAX LIABILITIES |
0.234 |
0.514 |
0.585 |
|
|
|
|
|
|
|
|
TOTAL |
129.831 |
124.770 |
127.462 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
66.388 |
62.342 |
61.174 |
|
|
Capital work-in-progress |
5.356 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
104.148
|
92.011 |
79.486 |
|
|
Sundry Debtors |
23.020
|
23.522 |
16.755 |
|
|
Cash & Bank Balances |
9.156
|
9.111 |
4.158 |
|
|
Other Current Assets |
0.810
|
0.762 |
0.000 |
|
|
Loans & Advances |
6.264
|
5.216 |
4.595 |
|
Total
Current Assets |
143.398
|
130.622 |
104.994 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
35.683
|
|
37.386 |
|
|
Other Current Liabilities |
47.602
|
35.082 |
|
|
|
Provisions |
2.026
|
5.780 |
1.440 |
|
Total
Current Liabilities |
85.311
|
68.194 |
38.826 |
|
|
Net Current Assets |
58.087
|
62.428 |
66.168 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.120 |
|
|
|
|
|
|
|
|
TOTAL |
129.831 |
124.770 |
127.462 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
61.416 |
46.598 |
62.074 |
|
|
|
Other Income |
23.678 |
18.387 |
9.377 |
|
|
|
TOTAL (A) |
85.094 |
64.985 |
71.451 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
Stock-in-Trade |
(8.504) |
(17.852) |
|
|
|
|
Cost of materials consumed |
27.533 |
21.662 |
|
|
|
|
Employee Benefit Expenses |
15.451 |
10.902 |
|
|
|
|
Other Expenses |
28.981 |
19.425 |
|
|
|
|
Exceptional Items |
0.069 |
0.148 |
|
|
|
|
TOTAL (B) |
63.530 |
34.285 |
50.419 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21.564 |
30.700 |
21.032 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.278 |
10.343 |
9.243 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.286 |
20.357 |
11.789 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.463 |
4.765 |
4.739 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.823 |
15.592 |
7.050 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.878 |
5.708 |
4.381 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.945 |
9.884 |
2.669 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Machinery spare parts and Raw Materials |
NA |
0.116 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
0.116 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.74 |
7.66 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.64
|
15.21 |
3.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.48
|
33.46 |
11.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.78
|
8.08 |
4.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.22 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.71
|
0.74 |
1.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
1.92 |
2.70 |
LOCAL AGENCY FURTHER INFORMATION
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
No |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
No |
|
9) Name of person contacted |
No |
|
10) Designation of contact person |
No |
|
11) Turnover of firm for last three years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
-- |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
No |
|
20) Export / Import details (if
applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
No |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs. in Millions) |
31.03.2011 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Long Term Loans – Others (Secured by personal
guarantee of shareholder of the Company) |
2.156 |
0.000 |
|
Total |
2.156 |
0.000 |
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U25209AP1987PTC008136 |
|
Name of the company |
ALLEN REINFORCED PLASTICS PRIVATE LIMITED |
|
Address of the registered office or of the
principal place of business in |
6-3-856/4,
Sadath Manzil Colony, Opposite Lane to Green Park Hotel, Ameerpet, Hyderabad
– 500 016, Andhra Pradesh, India E-Mail: bhavani@arptech.org |
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
90118378 |
|
Type of charge |
Immovable Property Book Debts Movable Property (not being pledge) Floating Charge |
|
Particular of charge holder |
State
Bank of India, SME Branch, 2nd Floor, Chirag Ali Lane, Abids,
Hyderabad – 500 001, Andhra Pradesh, India E-Mail:
sbi.10104@sbi.co.in |
|
Nature of description of the instrument
creating or modifying the charge |
1) Supplemental Agreement of
Loan-Cum-Hypothecation (SME-4) 2) Memorandum for recording extension of
mortgage by deposit of title deeds covering enhanced limits and/or creation
of equitable mortgage on additional properties for existing limits and
enhanced limits and additional facilities (SME-7) 3) Letter of Arrangement (SME1) |
|
Date of instrument Creating the charge |
01.11.2012 |
|
Amount secured by the charge |
Rs.200.500 millions |
|
Brief particulars of the principal terms
an conditions and extent and operation of the charge |
Rate of Interest: 1) Cash Credit: At 4.50% above Base
Rate. Base Rate = 9.75% p.a., Effective
rate of interest is 14.25% p.a. 2)
Adhoc CC: At 5.50% above Base Rate.
Present effective rate being = 15.25% per annum Terms of Repayment: Working Capital: On demand. Margin: 1) Raw Materials - 25% 2) Semi-Finished Goods - 30% 3) Finished Goods - 30% 4) Receivables (Cover Period - 120 days) -
25% 5) Perf Gs - 15% 6) Mobilisation Guarantees - 25% Extent and Operation of the charge: The charge operates as security, inter alia,
for the due repayment by the company to the State Bank of India, SME Branch,
Hyderabad for its limits sanctioned to the extent of Rs.200.500 millions,
together with interest, additional interest, liquidated damages, commitment
charges, premia on prepayment or on redemption, costs, charges, expenses and
all other moneys payable by the Company to State Bank of India, SME Branch,
Hyderabad. |
|
Short particulars of the property charged |
Hypothecation of Exclusive first charge on
all the current assets of the company namely stocks, stores and spares not
relating to Plant and Machinery (Consumable stores and spares) Bills
Receivables and book debts and all other current assets of the borrower. Hypothecation of the whole of the movable
properties of the company (Fixed Assets) including its movable Plant and
Machinery whether attached to the earth or otherwise, machinery spares, tools
and accessories and others EM of factory Land and Buildings
admeasuring Ac. 2.00 at Sri Venkateswara Co-Operative Industrial Estate,
Bollaram, Medak District standing in the name of the Company. EM of factory Land Buildings admeasuring
7162.84 Sq. Yds at IDA, Phase - II, Cherlapally, RR District standing in the
name of the Company. EM of Four storied building admg 560 Sq.
yds at 6-3-856/4, Ameerpet, Hyderabad along with structures thereon standing
in the name of the Company. |
|
Date of latest modification prior to the
present modification |
02.08.2012 |
|
Particulars of the present
modification |
The existing overall limits of Rs.170.500
millions is enhanced to Rs.200.500 millions.
The details of the individual limits are as under: 01. Cash Credit - Rs.49.000 millions 02. Adhoc limit - Rs.20.000 millions 03. BG - Rs.49.000 millions 04. Adhoc BG - Rs.51.500 millions 05. Adhoc BG -
Rs.30.000 millions 06. LC (Regular) - Rs.1.000 million
Total - Rs.200.500
millions |
FIXED ASSETS:
·
Land and Site Development
·
Land at Cherlapalli
·
Building – Cherlapalli
·
Office Building
·
Office Land
·
Jigs and Fixtures
·
Buildings – Bollaram
·
Plant and Machinery
·
Electrical Installation
·
Office Equipment
·
Furniture
·
Vehicles
·
Computers
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 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.53.87 |
|
|
1 |
Rs.83.59 |
|
Euro |
1 |
Rs.72.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
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 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.