MIRA
INFORM REPORT
|
Report Date : |
21.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
VYANKTESH PLASTICS AND PACKAGINGS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
75/7B, Industrial Area, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.05.1989 |
|
|
|
|
Com. Reg. No.: |
10-005238 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.689
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25232MP1989PTC005238 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLV00188G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Dealer of Corrugated Boxes and Accessories. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 240000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade Relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered normal 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.
LOCATIONS
|
Registered Office : |
75/7B, Industrial Area, Maxi
Road, Ujjain – 456010, Madhya Pradesh, India |
|
Tel. No.: |
91-734-2527325 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
75/14 Industrial Area, Shop No.1, Maxi Road, Ujjain – 456010, Madhya
Pradesh, India |
DIRECTORS
As on 28.09.2012
|
Name : |
Mrs. Saroj Bangur |
|
Designation : |
Managing Director |
|
Address : |
1 Ramkrishna Colony, Ujjain – 456010, Madhya Pradesh, India |
|
Date of Birth/Age : |
02.06.1943 |
|
Date of Appointment : |
24.01.2009 |
|
DIN No.: |
00774752 |
|
|
|
|
Name : |
Mr. Roop Narayan Jhanwar |
|
Designation : |
Director |
|
Address : |
99, Gonda Ki Chowki, Budhwariya, Ujjain – 456006, Madhya Pradesh,
India |
|
Date of Appointment : |
29.09.2007 |
|
DIN No.: |
00297008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Saroj Bangur |
|
35215 |
|
Anand Bangur |
|
1200 |
|
Deval N. Shah |
|
700 |
|
Ranjeesh Bhatt |
|
280 |
|
Vyanktesh Securities Private Limited, India |
|
9000 |
|
Babita Gupta |
|
500 |
|
Anita Bhatt |
|
450 |
|
M. Solanki |
|
450 |
|
Nilesh Shah |
|
675 |
|
Arpit Bangur |
|
5000 |
|
Sushen Remedies Private Limited, India |
|
9350 |
|
Arpit Packaging Private Limited, India |
|
15350 |
|
Anusha Bangur |
|
2600 |
|
Kailash Garg |
|
200 |
|
Anand Bangur (Karta) |
|
900 |
|
Prakash Sharma |
|
850 |
|
Rajendra Maru |
|
150 |
|
Pramod Solanki |
|
675 |
|
Anita Joshi |
|
2575 |
|
Sanjay Choudhary |
|
2930 |
|
Rajshree Joshi |
|
5160 |
|
Atal Rajendra Singh |
|
2680 |
|
Total |
|
96890 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
34.78 |
|
Directors or relatives of Directors |
45.43 |
|
Other top fifty shareholders |
19.79 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Dealer of Corrugated Boxes and Accessories. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
Corrugated Boxes and Accessories |
2025 MT |
2025 MT |
284764 Nos. for
consumption of 300294 Kgs o Paper, 39258 Kg of Gum, 9737 Kg of Stitching Wire
and Job Work 1004243 Kg. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
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|
|||||||||||||||
|
Bankers : |
· Punjab National Bank, Kanthal Branch, Ujjain – 456006, Madhya Pradesh, India |
|||||||||||||||
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|
|||||||||||||||
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Facilities : |
Note: Short Term
Borrowing * Cash Credit limit from Punjab National Bank secured by Hypothecation of stock of Raw Material, Stock in Process, Finished Goods and Book Debt and limit are also secured by personal guarantee of Shri Anand Bangur ,Smt Saroj Bangur and Smt. Mangla Bangur. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V. K. Ladha and Associates Chartered Accountants |
|
Address : |
36, Kshirsagar Colony, Ujjain – 456006, Madhya Pradesh, India |
|
PAN No.: |
AACFV8671N |
CAPITAL STRUCTURE
As on 31.03.2012
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125000 |
Equity Shares |
Rs.100/- each |
Rs.12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
96890 |
Equity Shares |
Rs.100/- each |
Rs.9.689
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 |
|
9.689 |
9.689 |
|
(b) Reserves & Surplus |
|
50.953 |
47.393 |
|
(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 |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
1.259 |
1.284 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
52.877 |
29.429 |
|
(b) Trade payables |
|
40.926 |
37.805 |
|
(c) Other current
liabilities |
|
0.452 |
0.704 |
|
(d) Short-term provisions |
|
0.286 |
1.627 |
|
STOTAL |
|
156.442 |
127.931 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3.877 |
4.138 |
|
(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 |
|
0.498 |
0.498 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
10.528 |
9.329 |
|
(c) Trade receivables |
|
86.193 |
72.319 |
|
(d) Cash and cash
equivalents |
|
25.427 |
5.381 |
|
(e) Short-term loans and
advances |
|
29.919 |
36.266 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
156.442 |
127.931 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.689 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
44.737 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
54.426 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
27.848 |
|
|
2] Unsecured Loans |
|
|
2.086 |
|
|
TOTAL BORROWING |
|
|
29.934 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.343 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
85.703 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.244 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
14.254 |
|
|
Sundry Debtors |
|
|
18.211 |
|
|
Cash & Bank Balances |
|
|
15.790 |
|
|
Other Current Assets |
|
|
1.187 |
|
|
Loans & Advances |
|
|
46.521 |
|
Total
Current Assets |
|
|
95.963 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
13.472 |
|
|
Other Current Liabilities |
|
|
0.580 |
|
|
Provisions |
|
|
0.452 |
|
Total
Current Liabilities |
|
|
14.504 |
|
|
Net Current Assets |
|
|
81.459 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
85.703 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
373.437 |
328.598 |
196.330 |
|
|
|
Other Income |
0.986 |
0.061 |
0.000 |
|
|
|
TOTAL (A) |
374.423 |
328.659 |
196.330 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock |
|
|
(0.035) |
|
|
|
Raw Materials Consumption |
|
|
182.959 |
|
|
|
Payments to Employees |
367.455 |
322.626 |
2.932 |
|
|
|
Manufacturing and Other Direct Expenses |
|
|
2.809 |
|
|
|
Administrative and Other Expenses |
|
|
3.753 |
|
|
|
Rates and Taxes |
|
|
0.574 |
|
|
|
Selling and Distributors |
|
|
0.091 |
|
|
|
Loss on Sale of Vehicles |
|
|
0.012 |
|
|
|
TOTAL (B) |
367.455 |
322.626 |
193.095 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.968 |
6.033 |
3.235 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
1.452 |
1.571 |
1.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.516 |
4.462 |
1.774 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.403 |
0.537 |
0.632 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.113 |
3.925 |
1.142 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.553 |
1.269 |
0.298 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.560 |
2.656 |
0.844 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.238 |
0.582 |
0.738 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
3.000 |
1.000 |
|
|
BALANCE CARRIED
TO THE B/S |
3.798 |
0.238 |
0.583 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
36.75 |
27.41 |
8.71 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.95
|
0.81
|
0.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.37
|
1.19
|
0.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.27
|
3.07
|
1.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.07
|
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.87
|
0.52
|
0.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61
|
1.77
|
6.62 |
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 |
No |
|
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 |
Yes |
|
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 |
NOTE
The registered
office of the company has been shifted from 42, Chhota Sarafa, Ujjain, Madhya
Pradesh, India to the present address w.e.f. 16.01.2012
UNSECURED LOANS
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Short Term
Borrowing |
|
|
|
Dwarkesh Finance Limited |
0.000 |
0.320 |
|
Punjab National Bank od |
0.112 |
0.000 |
|
L.I.C. |
2.000 |
2.000 |
|
Total |
2.112 |
2.320
|
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U25232MP1989PTC005238 |
|
Name of the
company |
VYANKTESH
PLASTICS AND PACKAGINGS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
75/7B, Industrial Area, Maxi
Road, Ujjain – 456010, Madhya Pradesh, India E-mail: vppl2007@rediffmail.com
|
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
90207397 |
|
Type of charge |
Immovable property Book debts Others |
|
Particular of
charge holder |
Punjab National Bank, Kanthal Branch, Ujjain – 456006, Madhya Pradesh,
India E-mail: bo0459@pnb.co.in |
|
Nature of
instrument creating charge |
a. Deed of
Hypothecation of goods and Book Debts. b. Letter of
Continuity to extend the equitable Mortgage c. Personal
Guarantee Agreement d. Corporate Guarantee
Agreement all dated March
30, 2013 executed in favour of Punjab National Bank to secure the repayment
and due discharge of the enhanced Cash Credit (Hypothecation) and Book Debt
facility upto Rs.500 Lacs (enhanced from Rs.34.000 millions to Rs.50.000
millions) provided to the Company. |
|
Date of
instrument Creating the charge |
30.03.2013 |
|
Amount secured by
the charge |
Rs. 50.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 4% Spread Over
the prevailing Base Rate of the Bank, present rate of Interest 14.25% p.a. or
such other rate as may be notified by the Bank from time to time. Terms of Repayment On Demand Margin Cash Credit
(Hypothecation) - 25% Book Debts - 40% Extent and Operation of the charge 1. First Charge
by way of Hypothecation of all stocks of Raw material i.e. Paper, Gum Powder,
Stitching Wire, Trading Material Stock in Process Finished Goods of the
Company, both Present and Future and Book Debts. 2. Extension of
Equitable Mortgage on the Land situated at 75/7B, Industrial Area, Maxi Road,
Ujjain of the Company together with all Buildings and structures thereon. Others 1. Personal Guarantee of Smt. Saroj Bangur and Shri Roop Narayan Jhanwar, both Directors and Shri Anand Bangur and Smt. Mangla Bangur. 2. Corporate Guarantee of Shri Niwas Board and Paper Private Limited 3. All other terms and conditions as per documents
executed on March 30, 2013. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
all stocks of Raw material i.e. Paper, Gum Powder, Stitching Wire, Trading
Material Stock in Process Finished Goods of the Company, both Present and
Future and Book Debts. Equitable
Mortgage on the Land situated at 75/7B, Industrial Area, Maxi Road, Ujjain of
the Company together with all Buildings and structures thereon. |
|
Date of
instrument modifying the charge |
11/01/2012 |
|
Particulars of
the present modification |
a.Cash Credit
(Hypothecation) and Book Debt facility has been enhanced from Rs.34.000
millions to Rs.50.000 millions.
ILC/FLC facility Rs.20.000 millions remains unchanged. b.Hypothecation
of Goods as stated at clause 15 (i) of this Form to secure the above
facility. c.Extension of
Equitable Mortgage of Land situated at 75/7B, Industrial Area, Maxi Road,
Ujjain together with buildings and structures thereon to secure the above
facility. d.All other terms
and conditions as per documents executed on March 30, 2013. |
FIXED ASSETS
â Tangible Assets
· Land
· Building
· Furniture
· Office Equipment
· Plant Machinery
· Elect. Installation
· Fire Extingusher
· Computer
· Tubeweel
· Mobile
· Water Cooler
· Generator
· Testing Equipment
· Air Conditioner
· Vehicle – Honda Act.
· Vehicle – Two Wheelar
· Car
· Vehicle – Two Wheelar
· Vehicle – Two Wheelar
â Intangible Assets
· Computer Software
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 records 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] 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.59.70 |
|
|
1 |
Rs.92.22 |
|
Euro |
1 |
Rs.79.19 |
INFORMATION DETAILS
|
Report Prepared
by : |
MRI |
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 |
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 |
|
42 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.