|
Report Date : |
26.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
NAGREEKA FOILS LIMITED |
|
|
|
|
Formerly Known
As : |
NAGREEKA LATEX INDUSTRIES LIMITED |
|
|
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|
Registered Office
: |
18, R.N. Mukherjee Road, 6th Floor, Kolkata – 700001, West Bengal |
|
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|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
03.02.1989 |
|
|
|
|
Com. Reg. No.: |
21-167492 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 7.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999WB1989PLC167492 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALN04146C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN8548H |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Plastic Clad Aluminium, Steel Tapes, Aluminium Foil
Rolls and Containers for Household and catering use. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 2850000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is a part of ‘Nagreeka Group’. It is a well-established
company having a fine track record. The performance capability of the company is good. Financial position
of the company appears to be sound and healthy. Trade relations are reported as trustworthy. Business is active.
Payment terms are regular and as per commitments. The company can be considered good for business dealings at usual
trade terms and condition. |
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 |
CARE |
|
Rating |
Short term Bank facilities : A2+ (Under
Credit Watch) |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
April 25, 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities : A- (Under Credit
Watch) |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
April 25, 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 : |
18, R.N. Mukherjee Road, 6th Floor, Kolkata – 700001, West Bengal,
India |
|
Tel. No.: |
91-33-22484922 |
|
Fax No.: |
91-33-22481693 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Corporate Office : |
7, Kala Bhavan 2nd Floor 3, Mathew Road Opera House, Mumbai – 400004,
Maharashtra, India |
|
Tel. No.: |
91-22-61447551 |
|
Fax No.: |
91-22-23612579 |
|
|
|
|
Works : |
Plot 258/ 3, Village Dadra, Union Terrirtory of Dadra and Nagar Haveli,
Near Dadra Checkpost, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Satish Patwari |
|
Designation : |
Managing director |
|
Address : |
5, Rishikesh, 63, Worli Hill Road, Mumbai – 400018, Maharashtra, India
|
|
Date of Birth/Age : |
03.01.1968 |
|
Date of Appointment : |
03.02.1989 |
|
DIN No.: |
00730437 |
|
|
|
|
Name : |
Mr. Mahendra Patwari |
|
Designation : |
Director |
|
Address : |
5, Rishikesh, 63, Worli Hill Road, Mumbai – 400018, Maharashtra, India
|
|
Date of Birth/Age : |
15.03.1965 |
|
Date of Appointment : |
03.02.1989 |
|
DIN No.: |
00024002 |
|
|
|
|
Name : |
Mrs. Minakshi Patwari |
|
Designation : |
Director |
|
Address : |
5, Rishikesh, 63, Worli Hill Road, Mumbai – 400018, Maharashtra, India
|
|
Date of Birth/Age : |
27.08.1957 |
|
Date of Appointment : |
31.08.1998 |
|
DIN No.: |
00024022 |
|
|
|
|
Name : |
Mrs. Usha Sunil Patwari |
|
Designation : |
Director |
|
Address : |
5, Rishikesh, 63, Worli Hill Road, Mumbai – 400018, Maharashtra, India
|
|
Date of Birth/Age : |
21.12.1961 |
|
Date of Appointment : |
01.09.1993 |
|
DIN No.: |
01318776 |
|
|
|
|
Name : |
Mr. Pratyush Patwari |
|
Designation : |
Whole-time director |
|
Address : |
5, Rishikesh, 63, Worli Hill Road, Mumbai – 400018, Maharashtra, India
|
|
Date of Birth/Age : |
14.03.1988 |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
02378360 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anita Patwari |
|
2000 |
|
Mahendra Patwari |
|
100 |
|
Mala Patwari |
|
155700 |
|
Minakshi Patwari |
|
92000 |
|
Pratyush Patwari |
|
30000 |
|
Satish Patwari |
|
16000 |
|
Swasti Patwari |
|
40000 |
|
Sushil Patwari |
|
11000 |
|
Sunil Patwari |
|
1500 |
|
Sarita Patwari |
|
100 |
|
Usha Patwari |
|
100 |
|
Indian Overseas Exports Private Limited, India |
|
57600 |
|
Nagreeka Capital and Infrastructure Limited, India |
|
118500 |
|
Nagreeka Synthetics Private Limited, India |
|
142400 |
|
Ishwarlal Patwari and Sons (HUF) |
|
30000 |
|
Shri Krishna Viniyog Private Limited, India |
|
1000 |
|
Shree Viniyog Private Limited, India |
|
2000 |
|
|
|
|
|
Total |
|
700000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
46.00 |
|
Directors
or relatives of directors |
|
54.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Plastic Clad Aluminium, Steel Tapes, Aluminium Foil
Rolls and Containers for Household and catering use. |
||||||
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|
|
||||||
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Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Plastic Coated Metal Tapes |
Kgs. |
N.A. |
10800000 |
2114345 |
|
Coated Aluminum Foils |
Kgs. |
N.A. |
7500000 |
42359 |
|
Aluminum AFR/AFC |
Pcs. |
N.A. |
60800000 |
51447070 |
|
Electricity |
Mw |
N.A. |
245 |
3070160 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
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Bankers : |
Ř Canara Bank, Overseas
Branch, 2/1 Russell Street, Kolkata – 700071, West Bengal, India Ř Axis Bank
Limited, Mumbai, Maharashtra, India |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
Note: Working Capital loan secured by way of: (i)
Equitable mortgage by deposit of title deeds of
all immovable properties of the company both present and future relating to
its premises of Unit situated at Village Dadra and (ii)
Hypothecation of movable plant and machinery, tools
and accessories and other movable both present and future, stock of raw
materials, work in process, finished goods, stores and spares, consumables
and assignment of book debts, fixed deposit and (iii)
Personal guarantee of some of the Directors of
the Company. |
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. M. Agarwal and Company Chartered Accountants |
|
Address : |
198/24, Kalabadevi Road, 2nd Floor, Mumbai – 400002, Maharashtra,
India |
|
Mobile No.: |
91-9322252274 |
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E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPA6398M |
|
|
|
|
Associates : |
Ř Nagreeka Fabrics
Private Limited Ř Nagreeka
Synthetics Private Limited Ř Goyal Coaltar
Private Limited |
|
|
|
|
Subsidiaries : |
Ř Nagreeka Indcon
Products Private Limited Ř Sulabh
Developers Private Limited Ř Yasoda Infracon
Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
700,000 |
Equity Shares |
Rs. 10/- each |
Rs. 7.000 Millions
|
|
|
|
|
|
Right of Equity Shareholders:
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. In the event of liquidation of the
Company, the holders of equity shares will be entitled to receive any to the
remaining assets of the Company, after distribution of all preferential
amounts. The distribution will be proportional to the number of equity shares
held by the shareholders.
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 |
7.000 |
7.000 |
7.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
706.388 |
699.910 |
693.516 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
713.388 |
706.910 |
700.516 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
85.689 |
97.355 |
144.421 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
85.689 |
97.355 |
144.421 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
799.077 |
804.265 |
844.937 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
198.124 |
158.082 |
124.576 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
11.553 |
|
|
|
|
|
|
|
|
INVESTMENT |
303.866 |
383.658 |
426.395 |
|
|
DEFERRED TAX ASSETS |
3.733 |
8.511 |
7.539 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
148.294
|
175.123 |
119.314 |
|
|
Sundry Debtors |
66.076
|
70.520 |
64.551 |
|
|
Cash & Bank Balances |
38.750
|
27.316 |
49.615 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
183.293
|
131.141 |
96.229 |
|
Total
Current Assets |
436.413
|
404.100 |
329.709 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
21.719
|
49.029 |
34.050 |
|
|
Other Current Liabilities |
115.750
|
100.351 |
18.398 |
|
|
Provisions |
5.590
|
0.706 |
2.387 |
|
Total
Current Liabilities |
143.059
|
150.086 |
54.835 |
|
|
Net Current Assets |
293.354
|
254.014 |
274.874 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
799.077 |
804.265 |
844.937 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
575.326 |
431.167 |
394.354 |
|
|
|
Other Income |
11.640 |
13.936 |
8.524 |
|
|
|
TOTAL (A) |
586.966 |
445.103 |
402.878 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
434.990 |
383.048 |
338.831 |
|
|
|
Purchase of Traded Goods |
29.765 |
20.582 |
10.077 |
|
|
|
Changes in inventories of Finished Goods, Work in progress and Stock
in trade |
1.215 |
(37.964) |
(21.122) |
|
|
|
Employee Benefit Expenses |
19.206 |
0.000 |
0.000 |
|
|
|
Other Expenses |
49.754 |
34.367 |
26.897 |
|
|
|
TOTAL (B) |
534.930 |
400.033 |
354.683 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
52.036 |
45.070 |
48.195 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.820 |
14.611 |
15.004 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
35.216 |
30.459 |
33.191 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
23.942 |
27.374 |
29.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
11.274 |
3.085 |
3.759 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.795 |
(0.980) |
(0.125) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.479 |
4.065 |
3.884 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
N.A. |
145.784 |
93.552 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
314.299 |
173.278 |
107.056 |
|
|
|
Capital Goods |
46.365 |
36.211 |
4.237 |
|
|
TOTAL |
360.664 |
209.489 |
111.293 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.26 |
5.81 |
5.65 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.10
|
0.91 |
0.96 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.96
|
0.72 |
0.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78
|
0.55 |
0.83 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.00 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.12
|
0.14 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.05
|
2.69 |
6.01 |
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] |
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 |
OPERATION:
During the year, the Company has achieved a turnover of Rs. 575.300
Millions as compared to Rs. 430.600 Millions during the previous year. The Company
has started manufacturing of disposable packaging segment, with two imported
machines in previous year which has increased to five machines during the year.
The company received very favourable response from market and has branded his
product as Alufo. Company has within the span of one year time now have
procured orders from all over India and have also started export of Aluminum
Foil Containers successfully. Considering the technical requirements
thoroughly, market response and huge demand for the quality product, N F L has
decided to enter into the Disposable Packaging Industry in big way by procuring
additional machines.
CONTINGENT
LIABILITIES:
(i)
Bank Guarantee of Rs. 1.225 Millions
(ii)
Bill Discounted with Bank Rs. 2.074 Millions
(iii)
The Income Assessment of the Company has been
completed upto Assessment Year 2009-10. Disputed Income Tax Liabilities for
which appeal is pending before different appellate for Assessment Year 2001-02
is Rs. 3.840 Millions and Assessment Year 2005-06 is Rs. 0.655 Million.
(iv)
Company has purchase the machinery under EPCG
Scheme and has the export obligation of Rs. 115.038 Millions till the year
2017. In case the export obligation is not fulfilled the company has to pay
duty saved of Rs. 22.300 Millions
FIXED ASSETS:
Ř Freehold land
Ř Factory Building
Ř Plant and
Machinery
Ř Boiler
Ř Electric
Installation
Ř Furniture and
fixture
Ř Computers
Ř Office Equipment
Ř Office Premises
Ř Air Condition
Machines
Ř Vehicles
Ř Windmill
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. 54.04 |
|
|
1 |
Rs. 81.80 |
|
Euro |
1 |
Rs. 71.41 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
58 |
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.