MIRA
INFORM REPORT
|
Report Date : |
17.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
EVERSHINE POLYPLAST PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
508, “Everest” Commercial Complex, 5th Floor, Opposite Shastri
Maidan, Subhash Road, Rajkot-360001, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.03.2001 |
|
|
|
|
Com. Reg. No.: |
04-039367 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202GJ2001PTC039367 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Monofilament PE Ropes, PP Ropes, Danline
Ropes, PP Twine, PE Twines, PP Baler Twines, PP Sutli, Hay Bale Twines,
Tomato Twines, Agricultural Ropes etc.
|
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There
appear huge accumulated losses recorded by the company. The external
borrowing seems to be huge. However, the company has performed well during 2012 and slowly upping
out it losses. Trade relations are improving. Business is active. Payments are reported
to be slow. The company can be considered for business dealings on a safe and
secured 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
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. Nimesh |
|
Designation : |
Director |
|
Contact No.: |
91-9824289922 |
|
Date : |
14.06.2013 |
LOCATIONS
|
Registered Office : |
508, “Everest” Commercial Complex, 5th Floor, Opposite Shastri
Maidan, Subhash Road, Rajkot-360001, Gujarat, India |
|
Tel. No.: |
91-281-2230600 |
|
Mobile No.: |
91-9824289922 (Mr. Nimesh) |
|
Fax No.: |
91-281-2230600 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
G-1424 Road, B-7, GIDC, Indhika 2nd Gate, Village Metada,
Rajkot, Gujarat, India |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Jayesh Chamanlal Ravani |
|
Designation : |
Director |
|
Address : |
302, Maharshi Towers, 2, Jalaram Plot, University Road, Rajkot-360001,
Gujarat, India |
|
Date of Appointment : |
29.03.2001 |
|
DIN No.: |
00142336 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25200GJ1996PTC031137 |
EVERGREEN
OVERSEAS PRIVATE LIMITED |
Director |
18-11-96 |
18-11-96 |
Active |
NO |
|
2 |
U67120GJ1997PTC033279 |
MARVEL
FINSEC PRIVATE LIMITED |
Director |
12-11-97 |
12-11-97 |
Active |
NO |
|
3 |
U25202GJ2001PTC039367 |
EVERSHINE
POLYPLAST PRIVATE LIMITED |
Director |
29-03-01 |
29-03-01 |
Active |
NO |
|
4 |
U15495GJ2011PTC067606 |
MERU
SORTEX PRIVATE LIMITED |
Director |
15-04-13 |
15-04-13 |
Active |
NO |
|
Name : |
Mr. Kirit Kantilal Parekh |
|
Designation : |
Director |
|
Address : |
83, Gauttam Buddh Apartment, Opposite Shastri Medan, Subhash Road,
Rajkot-360001, Gujarat, India |
|
Date of Birth/Age : |
31.03.1955 |
|
Date of Appointment : |
10.07.2001 |
|
DIN No.: |
00751882 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25200GJ1996PTC031137 |
EVERGREEN
OVERSEAS PRIVATE LIMITED |
Director |
05-07-01 |
05-07-01 |
Active |
NO |
|
2 |
U25202GJ2001PTC039367 |
EVERSHINE
POLYPLAST PRIVATE LIMITED |
Director |
10-07-01 |
10-07-01 |
Active |
NO |
|
3 |
U65910GJ1992PTC017964 |
EVERGREEN
FABRICS (GUJ) PRIVATE LIMITED |
Director |
10-07-01 |
10-07-01 |
Active |
NO |
|
4 |
U17100GJ1994PTC044812 |
PINKY
FABRICS PRIVATE LIMITED |
Director |
14-12-05 |
14-12-05 |
Active |
NO |
|
5 |
U17100RJ1994PTC009158 |
PINKY
FABRICS PRIVATE LIMITED |
Director |
14-12-05 |
14-12-05 |
Not Available
for eFiling |
NO |
|
6 |
U74140GJ2010PTC059210 |
SHRI
SIMANDHAR MULTI TRADE AND SERVICES PRIVATE LIMITED |
Director |
13-01-10 |
13-01-10 |
Active |
NO |
|
7 |
U15495GJ2011PTC067606 |
MERU
SORTEX PRIVATE LIMITED |
Director |
24-10-11 |
24-10-11 |
Active |
NO |
|
Name : |
Mr. Atish Chamlal Ravani |
|
Designation : |
Director |
|
Address : |
Nilam Surya Park 2, Opposite Trisha Bunglows, Amin Marg,
Rajkot-360001, Gujarat, India |
|
Date of Appointment : |
10.07.2001 |
|
DIN No.: |
00752048 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25200GJ1996PTC031137 |
EVERGREEN
OVERSEAS PRIVATE LIMITED |
Director |
18-11-96 |
18-11-96 |
Active |
NO |
|
2 |
U25202GJ2001PTC039367 |
EVERSHINE
POLYPLAST PRIVATE LIMITED |
Director |
10-07-01 |
10-07-01 |
Active |
NO |
|
Name : |
Mr. Vikashkumar Mohanlal Ardeshna |
|
Designation : |
Director |
|
Address : |
Ajanta Park, Block No.70, University Road, Rajkot-360005, Gujarat,
India |
|
Date of Appointment : |
10.07.2001 |
|
DIN No.: |
00798664 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U25202GJ2001PTC039367 |
EVERSHINE
POLYPLAST PRIVATE LIMITED |
Director |
10-07-01 |
10-07-01 |
Active |
NO |
|
2 |
U52100GJ2008PTC054382 |
DHARMRAJ
EXPORTS PRIVATE LIMITED |
Director |
15-05-10 |
15-05-10 |
Active |
NO |
|
Name : |
Mr. Nimesh Dinesh Parekh |
|
Designation : |
Director |
|
Address : |
D/8, Merry Gold Residency, 8 Floor, Mahila College Road,
Rajkot-360001, Gujarat, India |
|
Date of Birth/Age : |
02.12.1979 |
|
Date of Appointment : |
01.05.2012 |
|
DIN No.: |
05286409 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
No. of Shares |
|
Kiritkumar Parekh |
500 |
|
Nimesh D Parekh |
150 |
|
Tarulata K Parekh |
3600 |
|
Kundanbala Prabhudas Sheth |
100 |
|
Dinesh K Parekh |
500 |
|
Jayesh C Ravani |
4500 |
|
Atish C Ravani |
100 |
|
Chetan C Ravani |
100 |
|
Vidhi C Ravani |
100 |
|
Pooja J Ravani |
100 |
|
Mona A Ravani |
100 |
|
Nilesh K Parekh |
100 |
|
Dina K Parekh |
100 |
AS ON 30.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Monofilament PE Ropes, PP Ropes, Danline Ropes,
PP Twine, PE Twines, PP Baler Twines, PP Sutli, Hay Bale Twines, Tomato
Twines, Agricultural Ropes etc. |
|
|
|
|
Exports : |
|
|
Countries : |
·
African Countries ·
Canada |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Union Bank of India, Main Branch, Para Bazar,
Opposite Jubilee Garden, M G Road, Rajkot-360001, Gujarat, India Tel No.:- 91-281-25675094 |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K P Bhansali and Company Chartered Accountant |
|
Address : |
508, Everest Commercial Complex, Opposite Shastri Medan, Subhash Road,
Rajkot-360001, Gujarat, India |
|
Tel. No.: |
91-281-2223153 / 2220123 |
|
Mobile No.: |
91-9825232153 |
|
E-Mail : |
|
|
PAN No.: |
ABTPB9381P |
|
|
|
|
Related Parties : |
·
Evergreen Overseas Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
660000 |
Equity Shares |
Rs.10/- each |
Rs. 6.600 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
|
|
|
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 |
|
0.100 |
0.100 |
|
(b) Reserves & Surplus |
|
(5.637) |
(9.876) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3)
Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
6.700 |
9.950 |
|
(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 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term
borrowings |
|
19.464 |
20.923 |
|
(b) Trade payables |
|
7.257 |
5.983 |
|
(c) Other current
liabilities |
|
0.011 |
0.014 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
TOTAL |
|
27.895 |
27.094 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
1.871 |
2.158 |
|
(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) |
|
1.159 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
1.571 |
0.332 |
|
|
|
4.601 |
2.490 |
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
9.610 |
7.551 |
|
(c) Trade receivables |
|
4.753 |
5.311 |
|
(d) Cash and cash
equivalents |
|
0.068 |
0.202 |
|
(e) Short-term loans
and advances |
|
2.478 |
2.915 |
|
(f) Other current
assets |
|
6.385 |
8.625 |
|
TOTAL |
|
27.895 |
27.094 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(10.120) |
|
|
NETWORTH |
|
|
(10.020) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
22.209 |
|
|
2] Unsecured Loans |
|
|
6.625 |
|
|
TOTAL BORROWING |
|
|
28.834 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.814 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
3.281 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
10.763 |
|
|
Sundry Debtors |
|
|
3.260 |
|
|
Cash & Bank Balances |
|
|
0.060 |
|
|
Other Current Assets |
|
|
6.954 |
|
|
Loans & Advances |
|
|
0.592 |
|
Total
Current Assets |
|
|
21.629 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
4.962 |
|
|
Provisions |
|
|
1.214 |
|
Total
Current Liabilities |
|
|
6.176 |
|
|
Net Current Assets |
|
|
15.453 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.080 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.814 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
6.838 |
5.893 |
28.322 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.411 |
0.570 |
(1.440) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.331 |
0.326 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
3.080 |
0.244 |
(0.597) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(1.158) |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
4.238 |
0.244 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
53.471 |
NA |
NA |
|
|
TOTAL EARNINGS |
53.471 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
423.89 |
24.41 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
45.04
|
4.14 |
(2.11) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.52
|
0.90 |
(2.40) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.56)
|
(0.02) |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(4.73)
|
(3.16) |
(2.88) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.87
|
0.91 |
3.50 |
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 |
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 |
No |
|
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 Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Inter Corporate Deposits |
0.000 |
2.100 |
|
Deposits from Directors and Relatives Thereof |
5.300 |
2.050 |
|
Deposits from Shareholders and Relatives thereof |
1.400 |
5.800 |
|
|
|
|
|
TOTAL |
6.700 |
9.950 |
FIXED ASSETS
·
Plant and Machinery
·
Electric Equipments and
Fittings
·
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. 57.74 |
|
|
1 |
Rs. 90.64 |
|
Euro |
1 |
Rs. 77.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
18 |
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.