%20-%20227788%2003-Jul-2013_files/image002.jpg)
MIRA
INFORM REPORT
|
Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
INDU CORPORATION PRIVATE LIMITED (PART-IX) |
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Registered
Office : |
Nishuvi, 4th Floor, 75, Dr. Annie Besant Road, Worli,
Mumbai – 400 018, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
03.04.2006 |
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|
Com. Reg. No.: |
11-160932 |
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Capital
Investment / Paid-up Capital : |
Rs.21.000
Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
u27104mh2006ptc160932 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI07109E |
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PAN No.: [Permanent Account No.] |
AABCI4951L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject
is in the business of distribution of steel and zinc, also engaged in trading
in imported ferrous and non-ferrous metals and other commodities. |
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No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2050000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track record.
The company has recorded a better increase in its sales turnover. However,
there appears dip in the profitability of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Fund Based: BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
October, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Fund Based: A4+ |
|
Rating Explanation |
Minimal degree of safety it carry very high credit risk. |
|
Date |
October, 2012 |
Suspension Reason: Insufficient information
to assess such rating.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Bhaskar Gandhi |
|
Designation : |
General Manager |
|
Contact No.: |
91-22-24962034 |
|
Date : |
02.07.2013 |
LOCATIONS
|
Registered Office/ Head Office : |
Nishuvi, 4th Floor, 75, |
|
Tel. No.: |
91-22-43005100/ 24962034/ 41005300/ 24950465/ 24962032/ 43005105 |
|
Fax No.: |
91-22-43005105/ 24950465 |
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E-Mail : |
|
|
Website : |
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|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Plot No.A-1, M.I.D.C. Taloja Industrial Area, Taloja, District Raigad
– 410 208, Maharashtra, India |
|
Tel. No.: |
91-22-27412387/ 27411097 |
|
Fax No.: |
91-22-27411097 |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Sevantilal Shantilal Kapashi |
|
Designation : |
Director |
|
Address : |
703, Pleasant Palace, 16, N.D. Road, Mumbai – 400 006, Maharashtra,
India |
|
Date of Birth/Age : |
12.03.1935 |
|
Date of Appointment : |
03.04.2006 |
|
PAN No.: |
AADPK3641A |
|
DIN No.: |
00008435 |
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|
|
|
Name : |
Mr. Indukumar Shantilal Kapashi |
|
Designation : |
Director |
|
Address : |
503, Pleasant Palace, 16, N.D. Road, Mumbai – 400 006, Maharashtra,
India |
|
Date of Birth/Age : |
03.01.1936 |
|
Date of Appointment : |
03.04.2006 |
|
PAN No.: |
AADPK3605N |
|
DIN No.: |
00008413 |
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|
|
|
Name : |
Mr. Paresh Sevantilal Kapashi |
|
Designation : |
Director |
|
Address : |
703, Pleasant Palace, 16, N.D. Road, Mumbai – 400 006, Maharashtra,
India |
|
Date of Birth/Age : |
10.02.1966 |
|
Qualification : |
B.E., MBA |
|
Date of Appointment : |
03.04.2006 |
|
PAN No.: |
AADPK4862B |
|
DIN No.: |
00008486 |
|
|
|
|
Name : |
Mr. Nimish Indubhai Kapashi |
|
Designation : |
Director |
|
Address : |
Shakuntala Building, (Pleasant Palace), Flat No.503, Narayan Dabholkar
Road, Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
18.06.1970 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
03.04.2006 |
|
PAN No.: |
AADPK3624K |
|
DIN No.: |
00073665 |
KEY EXECUTIVES
|
Name : |
Mr. Bhaskar Gandhi |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Paresh S. Kapashi |
|
399000 |
|
Nimish I. Kapashi |
|
399000 |
|
Sevantilal S. Kapashi |
|
409500 |
|
Indukumar S. Kapashi |
|
409500 |
|
Sushila S. Kapashi |
|
220500 |
|
|
|
220500 |
|
Nandini P. Kapashi |
|
21000 |
|
Bhakti N. Kapashi |
|
21000 |
|
Total |
|
2100000 |
As on 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is in the business of distribution of steel and zinc, also engaged in trading
in imported ferrous and non-ferrous metals and other commodities. |
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Products : |
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Imports : |
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Products : |
·
Raw Materials |
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Countries : |
·
Singapore ·
China |
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Terms : |
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Selling : |
Credit and Depend |
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Purchasing : |
Credit and Depend |
GENERAL INFORMATION
|
Customers : |
Others |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
·
Oriental Bank of Commerce Limited, Opera House
Branch, Shreejee Chambers, Tata Road No.2, Opera House, Mumbai – 400 004,
Maharashtra, India · HDFC Bank Limited ·
ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Vinod K. Mehta and Company Chartered Accountants |
|
Address : |
B-5, 2nd Floor, Satyam Shopping Centre, Ghatkopar (East),
Mumbai – 400 077, Maharashtra, India |
|
PAN No.: |
AADFV6947N |
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|
|
|
Other Related
Parties : |
·
Nishuvi Corporation, India ·
Nishuvi Trading and Investments Private Limited,
India ·
Agrawal Trading Co., India ·
Steel Centre, India |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2100000 |
Equity Shares |
Rs.10/- each |
Rs.21.000
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 |
|
21.000 |
20.000 |
|
(b) Reserves & Surplus |
|
491.491 |
418.714 |
|
(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) |
|
512.491 |
438.714 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
1.148 |
1.565 |
|
(c) Other long
term liabilities |
|
264.634 |
254.873 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
265.782 |
256.438 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
100.603 |
101.160 |
|
(b)
Trade payables |
|
14.973 |
31.721 |
|
(c)
Other current liabilities |
|
1231.285 |
786.292 |
|
(d) Short-term
provisions |
|
6.828
|
15.613
|
|
Total Current
Liabilities (4) |
|
1353.689 |
934.786 |
|
|
|
|
|
|
TOTAL |
|
2131.962 |
1629.938 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
264.456 |
259.590 |
|
(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 |
|
16.010 |
19.811 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
24.544 |
22.245 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
305.010 |
301.646 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
302.041
|
208.922
|
|
(c)
Trade receivables |
|
1356.683
|
976.975
|
|
(d) Cash
and cash equivalents |
|
113.833
|
68.930
|
|
(e)
Short-term loans and advances |
|
36.481 |
72.853 |
|
(f)
Other current assets |
|
17.914
|
0.612
|
|
Total
Current Assets |
|
1826.952 |
1328.292 |
|
|
|
|
|
|
TOTAL |
|
2131.962 |
1629.938 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
20.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
335.436 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
355.436 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
9.775 |
|
|
2] Unsecured Loans |
|
|
245.488 |
|
|
TOTAL BORROWING |
|
|
255.263 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.356 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
613.055 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
266.804 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
17.379 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
165.495
|
|
|
Sundry Debtors |
|
|
764.153
|
|
|
Cash & Bank Balances |
|
|
48.827
|
|
|
Other Current Assets |
|
|
0.117
|
|
|
Loans & Advances |
|
|
120.096
|
|
Total
Current Assets |
|
|
1098.688
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
40.859 |
|
|
Other Current Liabilities |
|
|
714.560
|
|
|
Provisions |
|
|
14.397
|
|
Total
Current Liabilities |
|
|
769.816
|
|
|
Net Current Assets |
|
|
328.872
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
613.055 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7153.173 |
|
4743.514 |
|
|
|
Other Income |
18.109 |
20.489 |
|
|
|
|
TOTAL (A) |
7171.282 |
6056.498 |
4743.514 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
7073.204 |
5866.670 |
4590.648 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
7073.204 |
5866.670 |
4590.648 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
98.078 |
189.828 |
152.866 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES (D) |
26.404 |
58.868 |
39.292 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
71.674 |
130.960 |
113.574 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.887 |
8.323 |
6.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
63.787 |
122.637 |
107.414 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
20.010 |
39.359 |
36.293 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H)
(I) |
43.777 |
83.278 |
71.121 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Goods |
NA |
NA |
1496.217 |
|
|
TOTAL IMPORTS |
NA |
NA |
1496.217 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
20.85 |
41.64 |
35.56 |
|
%20-%20227788%2003-Jul-2013_files/image003.gif){kind=small}
%20-%20227788%2003-Jul-2013_files/image004.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
8500.000 |
|
|
|
|
|
The above information has been parted by Mr. Bhaskar Gandhi (General
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.61
|
1.38 |
1.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.89
|
2.03 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.01
|
7.62 |
7.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.28 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.20
|
0.23 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22
|
1.24 |
1.43 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
|
Sundry Creditors |
14.973 |
31.721 |
40.859 |
|
Check
List by Info Agents |
Available
in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business |
Yes |
|
7) Promoter’s background |
Yes |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last four 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 |
Yes |
|
20) Export / Import details (if applicable) |
Yes |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter
involved in |
-- |
|
23) Banking Details |
Yes |
|
24) Banking facility details |
Yes |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
Yes |
|
28) Incorporation details, if applicable |
Yes |
|
29) Last accounts filed at ROC |
Yes |
|
30) Major Shareholders, if available |
Yes |
|
31)
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32)
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
Yes |
WORKING RESULT:
The Sales for the year
ended 31st March, 2012 amounted to Rs.7153.173 millions as compared
to Rs.6036.009 millions in the previous year, registering growth of 18.51%. The
Company earned the Net Profit of Rs.43.777 millions as compared to Rs.83.278
millions in the previous year registering reduction of about 47.43% as compared
to previous year. Reduction in Profit is due to increase in fiancé cost.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
u27104mh2006ptc160932 |
|
Name of the company |
INDU CORPORATION PRIVATE LIMITED (PART-IX) |
|
Address of the registered office or of the
principal place of business in |
Nishuvi, 4th Floor, 75, Dr. Annie Besant Road, Worli,
Mumbai – 400 018, Maharashtra, India E-Mail: mail@talojasteel.com |
|
This form is for |
Modification of charge |
|
Charge identification number of the
modified |
10047705 |
|
Type of charge |
Book Debts Movable Property (not being pledge) Others (Stocks, Spares, Receivables, etc.)
|
|
Particular of charge holder |
Oriental Bank of Commerce Limited, Opera House Branch, Shreejee
Chambers, Tata Road No.2, Opera House, Mumbai – 400 004, Maharashtra, India E-Mail: emailroc@rediffmail.com |
|
Nature of description of the instrument
creating or modifying the charge |
Supplemental Agreement to Secure Credit /
Loan Facilities. |
|
Date of instrument Creating the charge |
31.12.2012 |
|
Amount secured by the charge |
Rs.1700.000 millions |
|
Brief particulars of the principal terms a
conditions and extent and operation of the charge |
Rate of Interest: Interest rate such rate as agreed between
the borrower company and the bank from time to time. Penal interest @ 2% p.a.
over and above the normal interest rate in case of default Terms of Repayment: Repayment, as agreed between the borrower
company and the bank from time to time. Margin: Margin Rate, as agreed between the borrower
company and the bank from time to time. Extent and Operation of the charge: The Letter of Credit limit upto
Rs.1700.000 millions [Sub-limit Cash Credit Rs.700.000 millions, and Bank
Guarantee Rs.50.000 millions] sanctioned by the Bank is secured against
Hypothecation of Stocks, Spares, receivables and other current assets of the
company. Hypothecation of all the fixed assets of the company (other than
Land and Building) including vehicles. Hypothecation charge over the goods in
case of LC on DA basis etc. The Charge stands unaltered at Rs.1700.000 millions |
|
Short particulars of the property charged |
Hypothecation of Stocks, Spares,
receivables and other current assets of the company. Hypothecation of all the fixed assets of
the company (other than Land and Building) including unencumbered value of
vehicles having WDV 22.851 millions as on 31.03.2012 Documents of title to goods in case of LC
on DP basis. Hypothecation charge over the goods in
case of LC on DA basis |
|
Particulars of the present
modification |
The Letter of Credit limit upto
Rs.1700.000 millions [Sub-limit Cash Credit Rs.700.000 millions, and Bank
Guarantee Rs.50.000 millions] sanctioned by the Bank is secured against
Hypothecation of Stocks, Spares, receivables and other current assets of the
company. Hypothecation of all the fixed assets of the company (other than
Land and Building) including vehicles. Hypothecation charge over the goods in
case of LC on DA basis etc. The Charge stands unaltered at Rs.1700.000 millions |
FIXED ASSETS:
· Land
· Building
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer
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.59.41 |
|
|
1 |
Rs.90.38 |
|
Euro |
1 |
Rs.77.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
43 |
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.