|
Report Date : |
11.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SILVERLINE POWER INFRASTRUCTURE PRIVATE LIMITED SUNRISE ELECTRICAL INDUSTRIES TAKEN OVER BY SILVERLINE POWER INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
100, GIDC Industrial Estate, Por Raman Gamdi, District Vadodara - 391243,
Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.03.2009 |
|
|
|
|
Com. Reg. No.: |
04-056480 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45207GJ2009PTC056480 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer of Electrical Panel Board. |
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|
|
|
No. of Employees
: |
50 (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 80000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
There appears slight dip in the profitability during 2012. However, general financial position seems to be good. Trade relations
are reported to be fair. Business is active. Payments are reported to be
usually correct and as per commitments. The company can be considered for normal 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Shailesh |
|
Designation : |
Accountant |
|
Contact No.: |
91-9898822682 |
|
Date : |
09.07.2013 |
LOCATIONS
|
Registered Office/ Factory : |
100, GIDC Industrial Estate, Por Raman Gamdi, District Vadodara –
391243, Gujarat, India |
|
Tel. No.: |
91-265-2648016/ 2630742/ 2830754 |
|
Mobile No.: |
91-9898822682 (Mr. Shailesh) 91-9898822682 (Mr. Vineet Nair) |
|
Fax No.: |
91-265-2648016/ 2630742 |
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E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Liju Abraham Chacko |
|
Designation : |
Whole-time Director |
|
Address : |
A-78, Geetanjali Duplex, Novino Tarsali Road, Vadodara – 390010,
Gujarat, India |
|
Date of Birth/Age : |
25.05.1974 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02581234 |
|
|
|
|
Name : |
Mr. Vineethkumar Sivashankar Nair |
|
Designation : |
Whole-time Director |
|
Address : |
B-30, Mangaldeep Society, Suseen Tarsali Road, Vadodara – 390009, Gujarat,
India |
|
Date of Birth/Age : |
23.12.1974 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
02581721 |
|
|
|
|
Name : |
Mr. Sudhi Abraham |
|
Designation : |
Whole-time Director |
|
Address : |
A-78, Geetanjali Duplex, Novino Tarsali Road, Vadodara – 390010,
Gujarat, India |
|
Date of Birth/Age : |
18.05.1976 |
|
Date of Appointment : |
15.03.2012 |
|
DIN No.: |
05178596 |
KEY EXECUTIVES
|
Name : |
Mr. Shailesh |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Solanki |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Liju Abraham Chacko |
|
370000 |
|
Vineethkumar Sivashankar Nair |
|
370000 |
|
K A Chacko |
|
2500 |
|
Sudhi Abraham |
|
2500 |
|
Kavitha Vineeth Nair |
|
2500 |
|
Shivsankaran Nair |
|
2500 |
|
|
|
|
|
Total |
|
750000 |
(AS ON 29.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Electrical Panel Board. |
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Terms : |
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Selling : |
Cash and Credit |
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|
|
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· Indian Overseas Bank Mehta Pole Baroda Main Branch, Near Mandvi Vadodara – 390001, Gujarat,
India · IDBI Bank Limited Kabir Plaza Makarpura Road, Manjalpur, Vadodara – 390009, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Ashwin Shah and Company Chartered Accountant |
|
Address : |
110-111, 1st Floor, Silver Coin, Near Shrenik Park Char
Rasta, Productivity Road, Vadodara – 390020, Gujarat, India |
|
Tel No.: |
91-265-2350687 |
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Mobile No.: |
91-9824011740 |
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PAN No.: |
ABWPS4438D |
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Email : |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Share |
Rs.10/- each |
Rs.7.500
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Share |
Rs.10/- each |
Rs.7.500
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 |
|
7.500 |
7.500 |
|
(b) Reserves & Surplus |
|
12.538 |
9.125 |
|
(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) |
|
20.038 |
16.625 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
21.338 |
22.051 |
|
(b) Deferred tax liabilities (Net) |
|
1.500 |
1.101 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
22.838 |
23.152 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
47.879 |
38.157 |
|
(c)
Other current liabilities |
|
0.243 |
0.190 |
|
(d)
Short-term provisions |
|
1.677 |
2.661 |
|
Total
Current Liabilities (4) |
|
49.799 |
41.008 |
|
|
|
|
|
|
TOTAL |
|
92.675 |
80.785 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
32.845 |
32.552 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
2.637 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
35.482 |
32.552 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.345 |
0.105 |
|
(b)
Inventories |
|
29.869 |
24.734 |
|
(c)
Trade receivables |
|
22.209 |
20.414 |
|
(d)
Cash and cash equivalents |
|
0.735 |
0.195 |
|
(e)
Short-term loans and advances |
|
3.919 |
2.670 |
|
(f)
Other current assets |
|
0.116 |
0.116 |
|
Total
Current Assets |
|
57.193 |
48.234 |
|
|
|
|
|
|
TOTAL |
|
92.675 |
80.785 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
1.692 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6.692 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
17.549 |
|
|
2] Unsecured Loans |
|
|
8.295 |
|
|
TOTAL BORROWING |
|
|
25.844 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.390 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
32.926 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
22.767 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.015 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
7.831 |
|
|
Sundry Debtors |
|
|
5.395 |
|
|
Cash & Bank Balances |
|
|
0.295 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
4.195 |
|
Total
Current Assets |
|
|
17.716 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
6.834 |
|
|
Other Current Liabilities |
|
|
0.552 |
|
|
Provisions |
|
|
0.340 |
|
Total
Current Liabilities |
|
|
7.726 |
|
|
Net Current Assets |
|
|
9.990 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.154 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
32.926 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
113.165 |
81.259 |
20.754 |
|
|
|
Other Income |
1.639 |
0.002 |
0.014 |
|
|
|
TOTAL (A) |
114.804 |
81.261 |
20.768 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
76.271 |
45.264 |
11.173 |
|
|
|
Employee Benefits Expenses |
6.021 |
3.613 |
0.597 |
|
|
|
Preliminary Expenses W/O |
0.000 |
0.039 |
0.039 |
|
|
|
Other Expenses |
19.358 |
18.868 |
4.387 |
|
|
|
TOTAL (B) |
101.650 |
67.784 |
16.196 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.154 |
13.477 |
4.572 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.744 |
4.390 |
1.558 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.410 |
9.087 |
3.014 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.330 |
1.793 |
0.592 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.080 |
7.294 |
2.422 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.667 |
2.361 |
0.730 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.413 |
4.933 |
1.692 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.413 |
4.933 |
1.692 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.55 |
6.58 |
3.38 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
150.000 |
Expected Sales (2013-14): Rs.160.000 Millions
The above information has been parted by Mr. Shailesh.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.97
|
6.07 |
8.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.49
|
8.98 |
11.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.64
|
9.03 |
5.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.44 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.06
|
1.33 |
3.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.18 |
2.29 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Other Loans and Advances |
|
|
|
- From Director |
0.000 |
0.911 |
|
- Trade Advance and Others |
15.975 |
8.654 |
|
|
15.975 |
9.565 |
|
Total |
|
22.051 |
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10234379 |
|
Corporate identity
number of the company |
U45207GJ2009PTC056480 |
|
Name of the
company |
SILVERLINE POWER
INFRASTRUCTURE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
100 GIDC Industrial
Estate Por Raman Gamdi, Por Ramangamdi, District Vadodara – 391243, Gujarat
India |
|
Type of charge |
Immovable property |
|
Particular of
charge holder |
Indian Overseas
Bank Mehta Pole,
Baroda Main Branch, Near Mandvi, Vadodara – 390001, Gujarat, India |
|
Nature of
description of the instrument creating or modifying the charge |
Deed releasing
equitable mortgage |
|
Date of
instrument Creating the charge |
13/02/2013 |
|
Amount secured by
the charge |
Rs. 45.459 Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest BASE Rate + 3.50%
i.e. Present 14.25% per annuam for CC
and Tl I and Ii, base rate + 2.75% i.e.
Present 13.50% per annuam for
t/l iii and for t/l iv, base rate + 2.50% i.e. Present 13.25% per annuam Terms of
Repayment As per agreement Margin 25% on Stock 50% on Bok Debt 25% on Plant and
Machineries and Building Extent and
Operation of the charge Hecharge operates
as security for the due repayment of principal amount advanced and interest,
penal interest, cost, fees and charges etc as per the agreement. the
properties at 128 GIDC Por Raman Gamdi is now released |
|
Short particulars
of the property charged |
All that land and
building together with structures thereon at industrial plot/shed no.100,
G.I.D.C. industrial Estate, POR-Ramangamdi, Taluka and District Vadodara |
|
Date of latest
modification prior to the present modification |
11/05/2012 |
|
Particulars of
the present modification |
The charge
created on 10/07/2010 and modified on 21/01/2012, on 28/02/2012 and 11/05/2012
is now modified as the Properties at 128 Por Ramn Gamdi GIDC is now released
there is no change in the amount secured under the charge. |
FIXED ASSETS:
· Land
· Land and Building
· Plan and Machinery
· EOT Crane
· Electronic Installation
· Office Equipment
· Factory Building
· Vehicles
· Air Conditioner
· Computer
· Dies and Tools
· Digital Clamp Meter
· Digital Coating Gauge
· Digital Thermometer
· Hand Press
· Heater Outflow
· Spot Welding Machine
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.60.13 |
|
|
1 |
Rs.89.52 |
|
Euro |
1 |
Rs.76.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--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.