MIRA
INFORM REPORT
|
Report Date : |
19.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT COPPER ALLOYS LIMITED |
|
|
|
|
Formerly Known
As : |
GUJARAT COPPER ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.
287/3, Village Kherdi, Khanvel Silvassa - 396230, Dadra and Nagar Haveli |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
12.09.1989 |
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|
|
|
Com. Reg. No.: |
54-000346 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.607
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200DN1989PLC000346 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Copper Strips, Rods etc. |
|
|
|
|
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 164000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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, networth of the company seems to be strong. Trade relations are
reported to be fair. Business is active. Payments are reported to be slow but
correct. The company can be considered 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.
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 [GENERAL DETAILS]
|
Name : |
Mr. Mehta |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-43422323 |
|
Date : |
18.07.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Survey No.
287/3, Village Kherdi, Khanvel Silvassa - 396230, Dadra and Nagar Haveli,
India |
|
Tel. No.: |
91-260-2677356/ 3294226 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate/ Admin Office : |
Chaman Chambers, 3rd floor, Off. No.1, 10-A, Cinema Road,
Marine Street, Dhobi Talao, Mumbai - 400 020 (India |
|
Tel. No.: |
91-22-43422323/ 22053913/ 22014695 |
|
Fax No.: |
91-22-22084759 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Ravi Mohanlal Jain |
|
Designation : |
Director |
|
Address : |
2901, Shreepati
Arcade, August Kranti Marg, Gowalia Tank, Mumbai-400036 |
|
Date of Appointment : |
20.12.2004 |
|
DIN No.: |
00771469 |
|
|
|
|
Name : |
Mrs. Manjula Mohanlal Jain |
|
Designation : |
Director |
|
Address : |
2901, Shreepati
Arcade, August Kranti Marg, Gowalia Tank, Mumbai-400036 |
|
Date of Appointment : |
20.12.2004 |
|
DIN No.: |
00783825 |
|
|
|
|
Name : |
Mr. Ramesh Bhaktavarmal Jain |
|
Designation : |
Director |
|
Address : |
18, Gopal
Krishna Bhavan, Karelwadi, Thakur Road, Mumbai-400002 |
|
Date of Appointment : |
20.02.2004 |
|
DIN No.: |
00784287 |
|
|
|
|
Name : |
Mr. Mohanlal Bhagtawarmal Jain |
|
Designation : |
Director |
|
Address : |
2901, Shreepati
Arcade, August Kranti Marg, Gowalia Tank, Mumbai-400036 |
|
Date of Appointment : |
28.11.2005 |
|
DIN No.: |
02556214 |
|
|
|
|
Name : |
Mrs. Ganga Ramesh Jain |
|
Designation : |
Director |
|
Address : |
18, Gopal
Krishna Bhavan, Karelwadi, Thakur Road, Mumbai-400002 |
|
Date of Appointment : |
28.11.2005 |
|
DIN No.: |
02955750 |
KEY EXECUTIVES
|
Name : |
Mr. Mehta |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Ramesh Jain |
|
117294 |
|
Ganga Jain |
|
62700 |
|
Mohanlal Baktavarmal Jain |
|
75600 |
|
Manjula Mohanlal Jain |
|
52500 |
|
Ravi Mohanlal Jain |
|
50100 |
|
Leela |
|
500 |
|
Kamla |
|
500 |
|
Kamlesh |
|
1000 |
|
Sanjay |
|
500 |
|
|
|
|
|
Total |
|
360694 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Copper Strips, Rods etc. |
|
|
|
|
Imports : |
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|
Products : |
Alloys Scrap |
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Countries : |
¯ Dubai |
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|
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|
Terms : |
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|
Selling : |
Credit and Depend |
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|
|
|
Purchasing : |
Credit and Depend |
GENERAL INFORMATION
|
Suppliers : |
¯ Arbuda Acid and Chemical Company ¯ Asha Enterprises ¯ Atma Agriculture Private Limited ¯ Balaji Construction ¯ Bhavani Metal and Company ¯ Bimpex Machines Private Limited ¯ C. Vadilal and Company ¯ Dhurvi Infracom Private Limited ¯ Bharati Engineering Works ¯ A.N. Mehta ¯ Anant Enterprises ¯ Apple Insulated Wires Private Limited ¯ OM Electrical
Works ¯ Parsik Traders Private Limited ¯ Pioneer
Furnnance Private Limited ¯ Shreeji Telecom |
||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Customers : |
End Users ¯ Alcon Electronics Private Limited ¯ Auto Repowering Works Private Limited ¯ Baroda Conductors Private Limited ¯ Bright Engineering ¯ Classic Enterprises ¯ Fine Blanking Private Limited ¯ IFB Industries Limited ¯ Vibha Corporation ¯ Vishal Fab (India) Private Limited ¯ Autometer Alliance Limited |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower
Parel [West], Mumbai - 400013, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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|
|
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Auditors : |
|
|
Name : |
P. K. Mutha and Company Chartered Accountants |
|
Address : |
Alankar, 3rd Floor, 208, Samuel Street, Masjid Bunder, Mumbai – 400003,
Maharashtra, India |
|
Tel. No.: |
91-22-23436467/ 23414361 |
|
Mobile No.: |
91-9820426111 |
|
Fax No.: |
91-22-66336963 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFPN3396L |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
360,694 |
Equity Shares |
Rs. 10/- each |
Rs. 3.607
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 |
|
3.607 |
3.607 |
|
(b) Reserves & Surplus |
|
37.466 |
31.409 |
|
(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) |
|
41.073 |
35.016 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
101.667 |
139.655 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
101.667 |
139.655 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
3.218 |
13.333 |
|
(b)
Trade payables |
|
96.001 |
64.127 |
|
(c)
Other current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term
provisions |
|
6.833 |
8.107 |
|
Total Current
Liabilities (4) |
|
106.052 |
85.567 |
|
|
|
|
|
|
TOTAL |
|
248.792 |
260.238 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
62.628 |
60.578 |
|
(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 |
|
3.170 |
2.971 |
|
(c) Deferred tax assets (net) |
|
0.466 |
0.582 |
|
(d) Long-term Loan and Advances |
|
0.088 |
0.088 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
66.352 |
64.219 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
33.717 |
34.250 |
|
(c)
Trade receivables |
|
109.123 |
138.050 |
|
(d) Cash
and cash equivalents |
|
6.595 |
1.705 |
|
(e)
Short-term loans and advances |
|
33.005 |
22.014 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
182.440 |
196.019 |
|
|
|
|
|
|
TOTAL |
|
248.792 |
260.238 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.607 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
20.788 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
24.395 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
5.761 |
|
|
2] Unsecured Loans |
|
|
35.237 |
|
|
TOTAL BORROWING |
|
|
40.998 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
65.393 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
58.844 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
26.386 |
|
|
Sundry Debtors |
|
|
28.385 |
|
|
Cash & Bank Balances |
|
|
6.637 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
20.937 |
|
Total
Current Assets |
|
|
82.345 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
76.494 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
76.494 |
|
|
Net Current Assets |
|
|
5.851 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.698 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
65.393 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
577.695 |
431.003 |
308.787 |
|
|
|
Other Income |
5.894 |
0.189 |
0.173 |
|
|
|
TOTAL (A) |
583.589 |
431.192 |
308.960 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
551.129 |
400.069 |
|
|
|
|
Changes in inventories of finished goods, work in progress and stock
in trade |
0.533 |
(7.863) |
|
|
|
|
Employee benefit Expenses |
4.254 |
3.408 |
|
|
|
|
Other Administrative Expenses |
9.968 |
8.103 |
|
|
|
|
TOTAL (B) |
565.884 |
403.717 |
288.090 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.705 |
27.475 |
[Including
Financial Expenses] |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.416 |
8.577 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.289 |
18.898 |
20.870 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.885 |
2.832 |
2.434 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.404 |
16.066 |
18.436 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.347 |
5.432 |
6.318 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
6.057 |
10.634 |
12.118 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.00 |
29.00 |
NA
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.04
|
2.47 |
3.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.28
|
3.73 |
5.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.02
|
6.26 |
13.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.46 |
0.76 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.55
|
4.37 |
1.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72
|
2.29 |
1.08 |
LOCAL AGENCY FURTHER INFORMATION
LONG TERM DEBT
MATURITIES DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Long term maturities of Finance Lease Obligation |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
LONG TERM BORROWINGS |
|
|
|
Mohanlal B. Jain |
11.977 |
37.027 |
|
Ravi M. Jain |
14.652 |
16.149 |
|
Ramesh B. Jain |
55.795 |
70.554 |
|
Other Loans and Advances Dhuleva Metal Corp |
15.775 |
15.925 |
|
Sunrise Metal Industries |
1.025 |
0.000 |
|
Total |
99.224 |
139.655 |
Note:
The registered office of the company has been shifted from 5/188, 1st Floor,
Roowala Tekara, Surat – 395003, Gujarat India to the present w.e.f.01.04.2009.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27200DN1989PLC000346 |
|
Name of the
company |
GUJARAT COPPER
ALLOYS LIMITED |
|
Address of the
registered office or of the principal place of business in |
Survey No.
287/3, Village Kherdi, Khanvel Silvassa - 396230, Dadra and Nagar Haveli,
India Email: admin@gcal.co.in |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10250997 |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India Email: RBBform8@hdfcbank.com CIN No.: L65920MH1994PLC080618 |
|
Nature of
description of the instrument creating or modifying the charge |
Supplementary
Letter of Hypothecation. |
|
Date of
instrument Creating the charge |
30.11.2012 |
|
Amount secured by
the charge |
Rs. 115.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of Repayment On demand. Margin As may be
stipulated by the Bank from time to time. Extent and Operation of the charge Hypothecation by
way of First Charge on Company's Stocks and Book Debts to secure as a
continuing security for the repayment of Rs.115.000 Millions together with
interest, costs, charges, expenses and other moneys due and payable by the
Company to the Bank. |
|
Short particulars
of the property charged |
Stock in Trade,
consisting of raw materials, goods in process of manufacturing finished goods,
and other merchandise whatsoever being movable properties, now stored at or All the debts,
that is, all the book debts, outstandings, monies receivables, claims, bills,
invoice documents, contracts, guarantees, and rights which are now due and |
|
Date of
Modification |
30.06.2011 |
|
Particulars of
the present modification |
The Charge shall
now stand increased from Rs.105.000 Millions to Rs.115.000 Millions against
the security of Stocks and Book Debts of the Company. |
FIXED ASSETS:
¯ Land
¯ Factory Building
¯ Building under
Construction
¯ Office Equipments
¯ Plant and
Machinery
¯ Computer
¯ Electric Fitting
¯ Vehicles
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. 59.71 |
|
|
1 |
Rs. 90.59 |
|
Euro |
1 |
Rs. 78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
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.