|
Report Date : |
22.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANCHOR MARK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 101A, Kandivili Co-Operative Industrial Estate Limited, Charkop,
Kandivili (West), Mumbai – 400067, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.11.1986 |
|
|
|
|
Com. Reg. No.: |
11-41477 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29253MH1986PTC041477 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA21789F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA3248H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Trading of Pharmaceutical and Chemical Machines of
various types. |
|
|
|
|
No. of Employees
: |
190 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 101000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profit margin seems to be low. The external borrowing appears to be huge which
act as a threat to the liquidity position. However, 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 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.
LOCATIONS
|
Registered/ Administrative Office : |
Plot No. 101 A, Kandivili Co-Operative Industrial Estate Limited,
Charkop, Kandivili (West), Mumbai – 400067, |
|
Tel. No.: |
91-22-28682001/ 28690923 |
|
Fax No.: |
91-22-28682250 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Plot No. 43, Survey No. 66, Village Valiv, Vasai (East), District – Thane – 401208, Maharashtra, India |
|
Tel. No.: |
91-250-2481123/ 2480775/ 2481993 |
|
Fax No.: |
91-250-2480860 |
|
Email : |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Ms. Lily Florine Dsouza |
|
Designation : |
Director |
|
Address : |
501 |
|
Date of Birth/Age : |
03.10.1958 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
07.04.1994 |
|
DIN No.: |
00954258 |
|
|
|
|
Name : |
Mr. Gregory Francis D’souza |
|
Designation : |
Director |
|
Address : |
501 Seville, 3rd Domnic Lane, Orlem Malad (West), Mumbai – 400064, Maharashtra , India |
|
Date of Birth/Age : |
18.05.1953 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
07.04.1994 |
|
DIN No.: |
00954209 |
|
|
|
|
Name : |
Mr. Nitin Madhukar Patil |
|
Designation : |
Director |
|
Address : |
Mulgaon Pondewadi and Post Vasai, Thane – 401 204, |
|
Date of Birth/Age : |
15.08.1964 |
|
Qualification : |
M Tech |
|
Date of Appointment : |
28.07.1996 |
|
DIN No.: |
01838360 |
|
|
|
|
Name : |
Mr. Glenn Gregory D’souza |
|
Designation : |
Director |
|
Address : |
501 |
|
Date of Birth/Age : |
18.05.1986 |
|
Date of Appointment : |
16.05.2009 |
|
DIN No.: |
02661182 |
|
|
|
|
Name : |
Mr. Anil Narayan Mane |
|
Designation : |
Additional Director |
|
Address : |
701, 7th Floor, B wing, Namdev Apartment, Mithagar Road,
Mulund (East), Mumbai – 400081, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1963 |
|
Date of Appointment : |
07.10.2009 |
|
DIN No.: |
02775326 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Gregory Francis D’souza |
|
21750 |
|
Florine Lily Dsouza |
|
7689 |
|
Glenn Gregory D’souza |
|
2250 |
|
JJonita D’Souza |
|
2351 |
|
|
|
|
|
Total |
|
34040 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Trading of Pharmaceutical and Chemical Machines of
various types. |
PRODUCTION STATUS (AS ON 31.03.2012)
LICENSED CAPACITY:
Not Applicable
INSTALLED
CAPACITY: Not Ascertainable
|
Particulars |
Actual
Production |
|
|
|
|
Capsule Filling Machine |
28 |
|
Powder Filling and Capping |
11 |
|
Rapid Mixer Granulator |
18 |
|
Fluid Bed Dryer |
13 |
|
Powder Filling Machine |
6 |
|
Multimill |
13 |
|
Mechanical Sifter |
7 |
|
Packing Conveyor Belt |
11 |
|
Recommended Spares |
996926 |
|
Water Jet Bottle Cleaning Machine |
4 |
|
Automatic Liquid Filling and
Sealing |
4 |
|
Liquid Filling Machines |
8 |
|
Change Part |
4912 |
|
Air Jet Bottle Cleaning Machine |
5 |
|
Machine Seal |
4 |
|
CAP Sealing Machine |
4 |
|
Dosage Cup Placing Machine |
8 |
|
Bottle Washing Machine |
4 |
|
Starch Paste Kettle |
1 |
|
Octagonal Blender |
3 |
|
Lifting and Tippering |
1 |
|
Lifting and Positioning |
2 |
|
Planetary Mixer |
1 |
|
|
|
|
Total |
1001994 |
GENERAL INFORMATION
|
No. of Employees : |
190 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
· Bank of Baroda IBB Branch, Mathru Ashish Building, S.V. Road, Kandivali (West), Mumbai – 400067, Maharashtra, India · HDFC Bank |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D. G. Thakarar and Associates Chartered Accountants |
|
Address : |
B-14, Shubhlaxmi, 2nd Floor, 8th Road, Santacruz (East), Mumbai – 400055, Maharashtra, India |
|
Tel. No.: |
91-22-26102890 |
|
Fax No.: |
91-22-26102890 |
|
Pan No.: |
AAAFD4545P |
|
E-Mail : |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000 |
Equity Shares |
Rs.100/- each |
Rs.3.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
34040 |
Equity Shares |
Rs.100/- each |
Rs.3.404
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 |
|
3.404 |
3.404 |
|
(b) Reserves & Surplus |
|
21.752 |
19.192 |
|
(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) |
|
25.156 |
22.596 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
44.057 |
29.651 |
|
(b) Deferred tax liabilities (Net) |
|
1.018 |
0.645 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
45.075 |
30.296 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
57.631 |
24.437 |
|
(b)
Trade payables |
|
52.005 |
47.999 |
|
(c) Other
current liabilities |
|
18.039 |
19.276 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
127.675 |
91.712 |
|
|
|
|
|
|
TOTAL |
|
197.906 |
144.604 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
31.439 |
20.464 |
|
(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 |
|
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 |
|
31.439 |
20.464 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.008 |
|
(b)
Inventories |
|
76.851 |
43.381 |
|
(c)
Trade receivables |
|
55.113 |
53.708 |
|
(d) Cash
and cash equivalents |
|
1.914 |
4.439 |
|
(e)
Short-term loans and advances |
|
32.589 |
22.604 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
166.467 |
124.140 |
|
|
|
|
|
|
TOTAL |
|
197.906 |
144.604 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.404 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
16.015 |
|
|
4] (Accumulated Losses) |
|
|
0.00 |
|
|
NETWORTH |
|
|
19.419 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
17.634 |
|
|
2] Unsecured Loans |
|
|
16.566 |
|
|
TOTAL BORROWING |
|
|
34.200 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
53.619 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
17.533 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.007 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
29.908 |
|
|
Sundry Debtors |
|
|
43.454 |
|
|
Cash & Bank Balances |
|
|
29.774 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
103.136 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
9.193 |
|
|
Other Current Liabilities |
|
|
54.098 |
|
|
Provisions |
|
|
3.766 |
|
Total
Current Liabilities |
|
|
67.057 |
|
|
Net Current Assets |
|
|
36.079 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
53.619 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
261.696 |
247.859 |
230.693 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
255.881 |
241.350 |
224.477 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.815 |
6.509 |
6.216 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.076 |
1.683 |
1.158 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.739 |
4.826 |
5.058 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.179 |
1.649 |
1.986 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.560 |
3.177 |
3.072 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.427 |
3.250 |
2.360 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.000 |
2.000 |
2.000 |
|
|
BALANCE CARRIED
TO THE B/S |
4.987 |
4.427 |
3.250 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
41.285 |
32.962 |
35.834 |
|
|
TOTAL EARNINGS |
41.285 |
32.962 |
35.834 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
0.356 |
2.652 |
|
|
TOTAL IMPORTS |
0.000 |
0.356 |
2.652 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
75.21 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.98
|
1.28 |
1.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.89
|
3.34 |
4.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.21 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.04
|
2.39 |
1.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30
|
1.35 |
1.54 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
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 |
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 |
|
|
|
Loans and Advances from Related Parties |
36.560 |
28.976 |
|
|
|
|
|
Total |
36.560 |
28.976 |
CONTINGENT LIABILITIES
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In
Millions) |
|
|
|
|
|
|
Claims not acknowledged as debts |
0.000 |
0.000 |
|
Bank Guarantee Executed |
4.117 |
1.540 |
FORM 8
|
This form is for |
Creation of
charge Modification of
charge |
|
Charge
identification number of the modified |
|
|
Corporate
identity number of the company |
U29253MH1986PTC041477 |
|
Name of the
company |
Anchor Mark
Private Limited |
|
Address of the
registered office or of the principal place of business in |
Plot No. 101A, Kandivli
Co-op. Industrial Estate Limited, Charkop, Kandivli (West), Mumbai – 400067,
Maharashtra, India |
|
Type of charge |
Immovable property Book Debts Movable Property |
|
Particular of
charge holder |
Bank of Baroda IBB Branch,
Mathru Ashish Building, S. V. Road Kandivali (West), Mumbai – 400067,
Maharashtra, India |
|
Nature of description
of the instrument creating or modifying the charge |
Supplemental
composite agreement of hypothecation of goods, book- debts, moveable
machinery and vehicles and extension and
memorandum of deposit of tittle deeds in respect of advanced secured by
equitable mortgage |
|
Date of
instrument Creating the charge |
01/08/2012 |
|
Amount secured by
the charge |
Rs.56.653
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest Term Loan - 3.5%
over base rate, CC- 3.50% over
base rate, PC/FBP/FBD- 1.25%
over base rate with monthly rest Terms of
Repayment As Per Agreement Margin Stocks - 25%, Book Debts- 35% Land and
Building- 30% Moveable
Machinery - 25% Cash Margin - 20%
in respect of Bank Guarantee. Forward Contract
Limit- 5% Extent and
Operation of the charge As per Agreement |
|
Short particulars
of the property charged |
Hypothecation of
all stocks, Goods, Book Debts, Movable new Machinery, vehicles, both present
and future and equitable mortgage of industrial land and building (Ground
plus One Floor) bearing survey No.66, Plot No 41, Aarti industrial Estate,
Village Valiv, Vasai (East), Taluka: Vasai, District Thane and equitable
mortgage of land bearing Plot No.43, Survey No.66, Village Valiv, Vasai (East), Taluka Vasai,
District Thane. |
|
Date of latest
modification prior to the present modification |
26/03/2012 |
|
Particulars of
the present modification |
Facility enhanced
from Rs.39.750 Millions to Rs. 56.653 Millions Term Loan - I –
8.298 Millions Term Loan - II-
1.230 Millions Cash Credit
(Hypothecation of Goods and BD) - Rs.32.500 Millions SME Gold
Card - Rs.3.250 Millions Baroda Gold Card
for Exporters -4.500 Millions Bank Guarantee –
5.000 Millions Forward Contract-
1.875 Millions |
FIXED ASSETS:
· Land
· Factory Building
· Site Development
· Plant and Machinery
· Electrical Installation
· Furniture and Fixtures
· Fax Machine
· Typewriter
· Xerox Machine
· Water Cooler
· Air Conditioner
· Motor Car
· Camera
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.59.80 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.