MIRA
INFORM REPORT
|
Report Date : |
03.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
P.D. SEKHSARIA TRADING COMPANY PRIVATE LIMITED |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
23.09.1987 |
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Com. Reg. No.: |
16-007679 |
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Capital Investment / Paid-up Capital : |
Rs.2.500
millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51109PB1987PTC007679 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business : |
Manufacturer, Exporter and Supplier of Yarn. |
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|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 410000 |
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|
|
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Unknown |
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|
Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The
latest financials of the company are not made available. As per previous year’s, there appears some external borrowings. However, trade relations are reported as fair. Business is active.
Payment terms are unknown. The company can be considered for business dealings with some caution.
Profit and Loss account for the year 2011 of the company 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country’s growth, which has averaged more than 7% per year since
1997. India’s diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India’s output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis – in large
part because of strong domestic demand – and growth exceeded 8% year-on-year in
real terms. However, India’s economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government’s fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India’s medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
LONG TERM BANK FACILITIES : BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
22 February 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 : |
|
|
Tel. No.: |
91-164-2250741 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
904, Tulsiani Chambers, Nariman Point, Mumbai – 400 021, |
|
Tel No.: |
91-22-22854088 / 40095050 / 40095000 |
|
Fax No.: |
91-22-40095001 / 22834284 / 55 / 91 / 92 |
DIRECTORS
As on 06.09.2012
|
Name : |
Mr. Jagmohan Parmeshwarlal Sekhsaria |
|
Designation : |
Director |
|
Address : |
Sekhsaria House, 28, Babulnath, Mumbai – 400 007, |
|
Date of Birth/Age : |
10.10.1944 |
|
Date of Appointment : |
23.09.1987 |
|
DIN No.: |
00184910 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51900MH1948PTC006625 |
DWARKADAS
AND COMPANY PRIVATE LIMITED |
Whole-time
director |
28/03/1963 |
28/03/1963 |
- |
Under
liquidation |
NO |
|
2 |
U51109PB1948PTC002054 |
DWARKA
DASS AND CO PATIALA PRIVATE LIMITED |
Director |
10/10/1975 |
10/10/1975 |
- |
Amalgamated |
NO |
|
3 |
U51109PB1987PTC007679 |
P D
SEKHSARIA TRADING COMPANY PRIVATE LIMITED |
Director |
23/09/1987 |
23/09/1987 |
- |
Active |
NO |
|
4 |
U51900MH1987PTC044772 |
SEKHSARIA
POLYCOT PRIVATE LIMITED |
Director |
11/09/1989 |
11/09/1989 |
- |
Active |
NO |
|
5 |
U72900MH2000PTC126445 |
SUVIDH
COMMODITIES E COM PRIVATE LIMITED |
Whole-time
director |
11/05/2000 |
11/05/2000 |
- |
Active |
NO |
|
6 |
U51109MH2009PTC190828 |
MARVI
COMMODITIES PRIVATE LIMITED |
Director |
19/07/2010 |
09/03/2009 |
- |
Active |
NO |
|
7 |
U40300MH2009PTC195320 |
CORNER
STONE ENERGY PRIVATE LIMITED |
Director |
30/06/2011 |
17/01/2011 |
- |
Active |
NO |
|
Name : |
Mr. Alok Jagmohan Sekhsaria |
|
Designation : |
Director |
|
Address : |
Sekhsaria House, 28, Babulnath, Mumbai – 400 007, |
|
Date of Birth/Age : |
31.01.1972 |
|
Date of Appointment : |
04.11.1996 |
|
DIN No.: |
00185081 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51109PB1948PTC002054 |
DWARKA
DASS AND CO PATIALA PRIVATE LIMITED |
Director |
01/06/1993 |
01/06/1993 |
- |
Amalgamated |
NO |
|
2 |
U51109PB1987PTC007679 |
P D
SEKHSARIA TRADING COMPANY PRIVATE LIMITED |
Whole-time
director |
04/11/1996 |
04/11/1996 |
- |
Active |
NO |
|
3 |
U72900MH2000PTC126445 |
SUVIDH
COMMODITIES E COM PRIVATE LIMITED |
Managing
director |
11/05/2000 |
11/05/2000 |
- |
Active |
NO |
|
4 |
U51900MH1987PTC044772 |
SEKHSARIA
POLYCOT PRIVATE LIMITED |
Director |
07/06/2004 |
07/06/2004 |
- |
Active |
NO |
|
5 |
U63023MH2005PTC156126 |
AGRIMANAGE
INDIA PRIVATE LIMITED |
Director |
15/12/2008 |
15/12/2008 |
03/10/2011 |
Active |
NO |
|
6 |
U51109MH2009PTC190828 |
MARVI
COMMODITIES PRIVATE LIMITED |
Director |
09/03/2009 |
09/03/2009 |
- |
Active |
NO |
|
7 |
U40300MH2009PTC195320 |
CORNER
STONE ENERGY PRIVATE LIMITED |
Director |
29/08/2009 |
29/08/2009 |
- |
Active |
NO |
|
8 |
U40101MH2010PTC205494 |
ULTRA
ENERGY PRIVATE LIMITED |
Director |
15/07/2010 |
15/07/2010 |
- |
Strike
off |
NO |
|
9 |
U40101MH2010PTC205519 |
HELIOS
ENERGY PRIVATE LIMITED |
Director |
16/07/2010 |
16/07/2010 |
- |
Strike
off |
NO |
|
10 |
U40108MH2010PTC205507 |
RAY
SOLAR POWER PRIVATE LIMITED |
Director |
16/07/2010 |
16/07/2010 |
- |
Strike
off |
NO |
|
11 |
U40300MH2010PTC205880 |
ROSHNI
ENERGY PRIVATE LIMITED |
Director |
23/07/2010 |
23/07/2010 |
- |
Strike
off |
NO |
|
12 |
AAA-8477 |
HELIOS
COMMODITIES LLP |
Designated
Partner |
22/03/2012 |
22/03/2012 |
- |
Active |
NO |
|
Name : |
Mrs. Mayuri Alok Sekhsaria |
|
Designation : |
Director |
|
Address : |
Sekhsaria House, 28, Babulnath, Mumbai – 400 007, |
|
Date of Birth/Age : |
10.08.1977 |
|
Date of Appointment : |
20.05.1998 |
|
DIN No.: |
00185121 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 06.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jagmohan Sekhsaria |
|
2045 |
|
Alok Sekhsaria |
|
6135 |
|
J.P. Sekhsaria – HUF |
|
2083 |
|
Vidya Sekhsaria |
|
4055 |
|
Sekhsaria Polycot Private Limited, India |
|
2045 |
|
Sekhsaria Vidya Jointly with Sekhsaria Alok |
|
7045 |
|
Sekhsaria Jagmohan Jointly with Sekhsaria Alok |
|
2045 |
|
Total |
|
25453 |
Equity Share Break up (Percentage of Total Equity)
As on 06.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
8.00 |
|
Directors or relatives of directors |
|
92.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of Yarn. |
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Product : |
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GENERAL INFORMATION
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Phirodia Bafna and Associates Chartered Accountants |
|
Address : |
304, Sangam Arcade, |
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Tel. No.: |
91-22-26185962/ 63/ 64 |
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Fax No.: |
91-22-26185967 |
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E-mail Id : |
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PAN No.: |
AAAFP2683E |
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Related Parties As on
31.03.2010) : |
· Ashok Enterprises · Dwarkadas and Company Patiala Private Limited · J P Trading Company · Suvidh Commodities E-Com Private Limited · Agrimanage India Private Limited · Sekhsaria Polycot Private Limited · Marvi Commodities Private Limited |
CAPITAL STRUCTURE
As on 06.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.100/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25453 |
Equity Shares |
Rs.100/-
each |
Rs.2.545
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/-
each |
Rs.2.500
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
2.500 |
2.500 |
2.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
99.764 |
47.394 |
23.412 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
102.264 |
49.894 |
25.912 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
125.000 |
258.592 |
138.975 |
|
|
2] Unsecured Loans |
0.348 |
0.348 |
0.348 |
|
|
TOTAL BORROWING |
125.348 |
258.940 |
139.323 |
|
|
DEFERRED TAX LIABILITIES |
0.080 |
0.001 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
227.692 |
308.835 |
165.235 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.831 |
0.079 |
0.177 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
7.036 |
1.437 |
1.437 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
8.427 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.542
|
476.990 |
20.397 |
|
|
Sundry Debtors |
17.707
|
197.463 |
50.445 |
|
|
Cash & Bank Balances |
164.901
|
14.640 |
8.738 |
|
|
Other Current Assets |
5.300
|
23.080 |
0.432 |
|
|
Loans & Advances |
197.529
|
118.200 |
105.705 |
|
Total
Current Assets |
385.979
|
830.373 |
185.717 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
144.344
|
79.803 |
9.135 |
|
|
Current Liabilities |
1.310
|
435.651 |
21.289 |
|
|
Provisions |
23.500
|
7.600 |
0.099 |
|
Total
Current Liabilities |
169.154
|
523.054 |
30.523 |
|
|
Net Current Assets |
216.825
|
307.319 |
155.194 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
227.692 |
308.835 |
165.235 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
1962.170 |
|
|
|
|
Other Income |
|
NA |
|
|
|
|
TOTAL |
|
NA |
497.155 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
1337.286 |
516.753 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
24.904 |
(19.598) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.063 |
(0.014) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
24.841 |
(19.584) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
|
1165.067 |
391.251 |
|
|
TOTAL EARNINGS |
|
1165.067 |
391.251 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
993.64 |
(783.40) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
NA |
(3.94) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
3.00 |
(10.54) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.50 |
(0.76) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.88 |
15.67 |
6.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.28
|
1.59 |
6.08 |
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
two years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51109PB1987PTC007679 |
|
Name of the company |
P D SEKHSARIA TRADING COMPANY PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Gurudwara Singh Sabha Street, Bathinda – 151 001, Punjab , India E-mail Id : acts@pdst.in |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10328929 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
Union Bank of India, Mumbai Samachar Marg Branch, 66/80, Mumbai Samachar Marg, Fort, Mumbai – 400023, Maharashtra, India E-mail Id : msmcredit@unionbankofindia.com |
|
Nature of instrument creating charge |
Memorandum of Entry (Supplementary Memorandum) |
|
Date of instrument Creating the charge |
21.12.2011 |
|
Amount secured by the charge |
Rs.500.00 Millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Together with interest, costs, charges expenses etc Terms of Repayment On Demand. Margin As per sanction terms. Extent and Operation of the charge To additionally secure revised credit facilities aggregating to Rs.500.000 Millions granted by the Bank to the Company |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Extension of Equitable Mortgage by Deposit of Title Deeds by Oral Consent in respect of Company's Immovable Property viz Property measuring 312 Sq. Yards bearing M. C. No. 4242 situated at Singh Sabha Gurdwara Street, Bathinda as per HTA for the year 2011-12 bounded as under- East: 72' Vinay Kumar West: 72' Krishna Bahi Store North 39' Street South : 39' Ram Natak Club |
|
Particulars of the present modification |
The Original Charge Dated: 01/12/2011 for Rs.400.000 Millions is hereby modified & enhanced to Rs.500.000 Millions and additionally secured by Extension of Equitable Mortgage by Deposit of Title Deeds by Oral Consent in respect of Company's Immovable Property viz Property measuring 312 Sq. Yards bearing M. C. No. 4242 situated at Singh Sabha Gurdwara Street, Bathinda as per HTA for the year 2011-12 bounded as under East:72' Vinay Kumar West:72' Krishna Bahi Store North 39' Street South: 39' Ram Natak Club |
FIXED ASSETS:
- Office
Equipments
- Furniture and
Fixtures
- Air
Conditioner and Refrigerator
- Computer
- Motor Car
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 records 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.54.39 |
|
|
1 |
Rs.88.76 |
|
Euro |
1 |
Rs.72.19 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
TOTAL |
|
36 |
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.