MIRA
INFORM REPORT
|
Report Date : |
18.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MIRACLE ELECTRONICS DEVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
48/1, Karihobavanhalli, |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
02.03.1994 |
|
|
|
|
Com. Reg. No.: |
08-015300 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32104KA1994PTC015300 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Supplier and Exporter of Power and Industrial
Transformers, Voltage, Stabilizers and Power Supply, etc. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 36000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are decent. Business is active. Payment terms are
usually 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) |
|
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. Satya Narayan |
|
Designation : |
Account Manager |
|
Contact No.: |
91-80-2836275 |
|
Date : |
13.06.2013 |
LOCATIONS
|
Registered Office / Factory : |
48/1, Karihobavanhalli, Thigalarapallya Main Road, Peenya 2nd
Stage, Bangalore – 560053, Karnataka, India |
|
Tel. No.: |
91-80-28362751 |
|
Fax No.: |
91-80-28362752 |
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E-Mail : |
|
|
Website : |
|
|
Area : |
180 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch : |
No. 65/2, Kamakshipalaya Industrial Area, Magadi Main Road, Bengaluru
– 560079, Karnataka, India |
|
Tel. No.: |
91-80-23485149/ 23489971 |
|
Fax No.: |
91-80-23480882 |
DIRECTORS
As on: 30.09.2012
|
Name : |
Mr. Nilesh S. Vadhar |
|
Designation : |
Director |
|
Address : |
No.54, Siddarth, 14th Main, 3rd Block
Rajajinagar, Bangalore – 560010, Karnataka, India |
|
Date of Birth/Age : |
09.09.1970 |
|
Date of Appointment : |
02.03.1994 |
|
DIN No.: |
00276584 |
|
|
|
|
Name : |
Mr. Jitendra K. Davda |
|
Designation : |
Director |
|
Address : |
12/11-1, 13th Main Road, 2nd Cross, Central Excise
Layout, Vijayanagar, Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
08.09.1969 |
|
Date of Appointment : |
02.03.1994 |
|
DIN No.: |
00276514 |
|
|
|
|
Name : |
Mrs. Anjana Nileshkumar Vadhar |
|
Designation : |
Director |
|
Address : |
No.54, Siddarth, Opposite Government Milk Booth, 14th Main, 3rd Block
Rajajinagar, Bangalore – 560010, Karnataka, India |
|
Date of Birth/Age : |
20.11.1972 |
|
Date of Appointment : |
22.08.2011 |
|
DIN No.: |
03620021 |
|
|
|
|
Name : |
Mrs. Sonal Jitendra Davda |
|
Designation : |
Director |
|
Address : |
Brindavan, 12/11-1, 16th Main Road, 2nd Cross,
Central Excise Layout, Vijayanagar, Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
26.02.1971 |
|
Date of Appointment : |
22.08.2011 |
|
DIN No.: |
03620024 |
KEY EXECUTIVES
|
Name : |
Mr. Satya Narayan |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Nilesh S. Vadhar |
|
97500 |
|
Jitendra k. Davda |
|
97500 |
|
Anjana Nileshkumar Vadhar |
|
27500 |
|
Sonal Jitendra Davda |
|
27500 |
|
|
|
|
|
Total |
|
250000 |
As on: 29.09.2012
|
Names of Allottee |
|
No. of Allottee |
|
Anjana Nileshkumar Vadhar |
|
125000 |
|
Sonal Jitendra Davda |
|
125000 |
|
Nilesh S. Vadhar |
|
125000 |
|
Jitendra k. Davda |
|
125000 |
|
|
|
|
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Total |
|
500000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2012
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier and Exporter of Power and Industrial Transformers,
Voltage, Stabilizers and Power Supply, etc. |
|
|
|
|
Products : |
·
Industrial Transformers ·
Voltage ·
Stabilizer ·
Power Supply ·
Electronic Voltage Corrector |
|
|
|
|
Exports : |
|
|
Products : |
Electronic Voltage Corrector and Transformers |
|
Countries : |
·
Germany ·
USA |
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Imports : |
|
|
Products : |
Lamination, Bobins, Coppers, Connectors |
|
Countries : |
USA |
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Terms : |
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Selling : |
Advance Payment |
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Purchasing : |
Advance Payment |
GENERAL INFORMATION
|
Customers : |
OEM’s |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· Karnataka Bank Limited, Rajajinagar Branch, Rajajinagar, Bangalore - 560010, Karnataka, India · HDFC Bank, Bangalore – 560010, Karnataka, India |
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Facilities : |
(Rs.
In Millions)
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|
|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Mallya and Mallya Chartered Accountants |
|
Address : |
No. 29/2, 1st Floor, Parijatha Complex, Race Course Road, Bangalore – 560 001, Karnataka, India |
|
PAN No.: |
AABFM8893Q |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500
Millions |
|
|
|
|
|
As on: 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs. 1.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500
Millions |
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|
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|
|
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 |
|
2.500 |
1.400 |
|
(b) Reserves & Surplus |
|
6.702 |
2.500 |
|
(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 |
|
1.079 |
4.688 |
|
(b) Deferred tax liabilities (Net) |
|
0.444 |
0.028 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term
borrowings |
|
17.866 |
1.502 |
|
(b) Trade payables |
|
6.731 |
5.333 |
|
(c) Other current
liabilities |
|
0.001 |
0.000 |
|
(d) Short-term provisions |
|
2.660 |
0.580 |
|
TOTAL |
|
37.983 |
16.031 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
19.659 |
3.427 |
|
(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 |
|
1.528 |
0.801 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
15.414 |
7.362 |
|
(c) Trade receivables |
|
(4.150) |
2.653 |
|
(d) Cash and cash
equivalents |
|
3.431 |
0.685 |
|
(e) Short-term loans
and advances |
|
2.101 |
1.103 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
TOTAL |
|
37.983 |
16.031 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.400 |
|
|
2] Share Application Money |
|
|
5.412 |
|
|
3] Reserves & Surplus |
|
|
2.013 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
8.825 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.825 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.223 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.035 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
3.888 |
|
|
Sundry Debtors |
|
|
4.677 |
|
|
Cash & Bank Balances |
|
|
0.187 |
|
|
Other Current Assets |
|
|
0.616 |
|
|
Loans & Advances |
|
|
0.886 |
|
Total
Current Assets |
|
|
10.254 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.160 |
|
|
Other Current Liabilities |
|
|
3.134 |
|
|
Provisions |
|
|
0.393 |
|
Total
Current Liabilities |
|
|
3.687 |
|
|
Net Current Assets |
|
|
6.567 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
8.825 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
88.540 |
32.150 |
23.258 |
|
|
|
Other Income |
0.896 |
0.578 |
NA |
|
|
|
TOTAL (A) |
89.436 |
32.728 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
61.105 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(0.783) |
-3.473 |
|
|
|
|
Employee benefit expenses |
1.452 |
0.787 |
|
|
|
|
Other expenses |
17.591 |
3.883 |
|
|
|
|
TOTAL (B) |
79.365 |
30.405 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.071 |
2.323 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.009 |
1.100 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.062 |
1.223 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.720 |
0.511 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.342 |
0.712 |
0.527 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.960 |
0.063 |
0.176 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.382 |
0.775 |
0.351 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
60.849 |
8.718 |
0.000 |
|
|
|
TOTAL EARNINGS |
60.849 |
8.718 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
175.29 |
55.37 |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
120.000 |
Expected Sales (2013-2014): Rs. 130.000 Millions
The above information has been parted by Mr. Satya Narayan (Accounts
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.90 |
2.37 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.16 |
2.21 |
2.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.70 |
4.44 |
4.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.69 |
0.18 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.06 |
1.59 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.61 |
1.59 |
2.78 |
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 |
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 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 LOAN
(Rs. In Millions)
|
Particulars |
As on 31.03.2012 |
As on 31.03.2011 |
|
Jitendra K Davda |
0.160 |
-- |
|
Nilesh S. Vadhar |
0.154 |
-- |
|
Sonal J. Davda |
0.978 |
-- |
|
Anjana N. Vadhar |
2.191 |
-- |
|
|
|
|
|
Total |
3.483 |
-- |
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U32104KA1994PTC015300 |
|
Name of the
company |
MIRACLE ELECTRONIC
DEVICES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
48/1, Karihobavanhalli, Thigalarapallya Main Road, Peenya 2nd
Stage, Bangalore – 560053, Karnataka, India Email-id - miracle@vsnl.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10149513 |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Karnataka Bank Limited, Rajajinagar Branch, Rajajinagar, Bangalore - 560010, Karnataka, India Email-id - raghavajahnavi.sai@gmail.com |
|
Nature of
instrument creating charge |
Hypothecation
Agreement |
|
Date of
instrument Creating the charge |
12.12.2012 |
|
Amount secured by
the charge |
Rs. 16.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest For
Period - 15.25 Percent Per Annum With Monthly Rests. Terms of
Repayment Repayable On
Demand Margin Margin 25 Per
Cent On Stocks And Book Debts. Extent and
Operation of the charge Hyp. all the
present and future Plant and Machinery, Stock in Trade Raw Materials, Goods,
Goods Imported Under ILC and ULC and Title to Goods under export Bills. And
Book debts, Outstandings, Moneyies Receivables, Claims and Bills, ETC.
Belonging to the Company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
i) Hyp. all the
present and future Plant and Machinery, Stock in Trade Raw Materials, Goods,
Goods Imported Under ILC and ULC and Title to Goods under export Bills. And Book
debts, Outstandings, Moneyies ii) Receivables,
Claims and Bills, etc. Belonging to the Company. |
|
Date of
instrument modifying the charge |
03.12.2010 |
|
Particulars of
the present modification |
Total PSSSI OD
limits increased from Rs.7.000 Millions to Rs. 11.500 Millions along with
PC/PSC (fresh) limit of Rs.5.000 Millions. Total limits stands at Rs.16.500
millions. All other terms, conditions, Securities continues for increased
limits. |
NOTE:
The Registered Office of the company has been shifted from 1708/1788, Kampachannaian Building, 1st Floor, Magadi Road, Bangalore - 560079, Karnataka, India to the present address w.e.f. 04.07.2012.
FINANCIAL RESULTS
The company has achieved a turnover of Rs.38.391 Millions during 2011-12 as compared to Rs.32.150 Millions in the previous year.
FIXED ASSETS
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
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. 57.73 |
|
|
1 |
Rs. 90.61 |
|
Euro |
1 |
Rs. 76.96 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
47 |
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.