1. Summary Information
|
|
|
Country |
|
|
Company Name |
PALVI POWERTECH
SALES PRIVATE LIMITED |
Principal Name 1 |
Mrs. Vibha Himanshu Mehta |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Govindlal Maganlal Mehta |
|
|
|
Registration # |
04-047606 |
|
Street Address |
228, Arpan Complex, |
||
|
Established Date |
27.01.2006 |
SIC Code |
-- |
|
Telephone# |
91-265-23925400 - 425 |
Business Style 1 |
Exporter |
|
Fax # |
91-265-23925421 |
Business Style 2 |
Manufacturer |
|
Homepage |
Product Name 1 |
Chemicals |
|
|
# of employees |
Not Available |
Product Name 2 |
Minerals |
|
Paid up capital |
Rs.
30,000,000/- |
Product Name 3 |
Food Products |
|
Shareholders |
Directors or
relatives of Directors – 100% |
Banking |
Indian Bank |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
|
Palvi Chemicals |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
126,917,000 |
Current Liabilities |
88,612,000 |
|
Inventories |
59,363,000 |
Long-term Liabilities |
62,212,000 |
|
Fixed Assets |
26,561,000 |
Other Liabilities |
11,071,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
161,895,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
20,946,000 |
|
|
|
Net Worth |
50,946,000 |
|
Total Assets |
212,841,000 |
Total Liab. & Equity |
212,841,000 |
|
Total Assets (Previous Year) |
134,248,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
749,296,000 |
Net Profit |
13,144,000 |
|
Sales(Previous yr) |
569,328,000 |
Net Profit(Prev.yr) |
19,140,000 |
|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
PALVI POWERTECH SALES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
228, Arpan Complex, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
27.01.2006 |
|
|
|
|
Com. Reg. No.: |
04-047606 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909GJ2006PTC047606 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDP02169G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP8242K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Export, Import, Sourcing and Manufacturing of
Chemicals, Minerals, Food Products and Agro Commodities. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 204000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. There appears
slight dip in profitability during 2012. However, general financial position is good. 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) |
|
|
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 : |
228, Arpan Complex, |
|
Tel. No.: |
91-265-23925400 - 425 |
|
Fax No.: |
91-265-23925421 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
315, Aditviya Complex, Near Deluxe |
|
|
|
|
Factory : |
155/2, GIDC Estate, Nandesari District, Vadodara 391 340, |
|
Tel. No.: |
91-265-2785055 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mrs. Vibha Himanshu Mehta |
|
Designation : |
Director |
|
Address : |
3, Silver Oak Duplex, New Sama Road, Vadodara – 390 002, |
|
Date of Birth/Age : |
09.04.1970 |
|
Date of Appointment : |
27.01.2006 |
|
DIN No.: |
01056802 |
|
Voter ID No.: |
HDG8075020 |
|
|
|
|
Name : |
Mr. Govindlal Maganlal Mehta |
|
Designation : |
Director |
|
Address : |
3, Silver Oak Duplex, New Sama Road, Vadodara – 390 002, |
|
Date of Birth/Age : |
11.01.1932 |
|
Date of Appointment : |
27.01.2006 |
|
DIN No.: |
01594703 |
|
Voter ID No.: |
HDG8073975 |
|
|
|
|
Name : |
Mrs. Kavita Himanshu Das |
|
Designation : |
Director |
|
Address : |
K 7, Vrundavan Estate, |
|
Date of Birth/Age : |
20.01.1959 |
|
Date of Appointment : |
27.01.2006 |
|
DIN No.: |
01594753 |
|
Voter ID No.: |
HDG6472948 |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
|
|
|
|
Govindlal Maganlal Mehta |
1049999 |
35.00 |
|
Vibha Himanshu Mehta |
1050000 |
35.00 |
|
Kavita Himanshu Das |
900000 |
30.00 |
|
Govindlal Maganlal Mehta and Diptiben Shah |
1 |
0.00 |
|
Total |
3000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Export, Import, Sourcing and Manufacturing of
Chemicals, Minerals, Food Products and Agro Commodities. |
|
|
|
|
Products : |
·
Chemicals ·
Fly Ash ·
Minerals and Ores ·
Metals ·
Electrical Products ·
Agro Commodities ·
Engineering Products ·
Refractory Materials ·
Air ventilator ·
Hop Dip Galvanizing Plants |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
|
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S G Kini and Company Chartered Accountant |
|
Address : |
206/207, |
|
Tel. No.: |
91-265-2785533 / 6452751 |
|
Mobile No.: |
91-9898992751 |
|
PAN No: |
ADBPK9320K |
|
|
|
|
Related Party: |
Palvi Chemicals |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
30.000 |
10.000 |
|
(b) Reserves & Surplus |
|
20.946 |
27.802 |
|
(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) |
|
50.946 |
37.802 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
62.212 |
37.028 |
|
(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) |
|
62.212 |
37.028 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
83.998 |
46.187 |
|
(c) Other current liabilities |
|
4.614 |
7.377 |
|
(d) Short-term provisions |
|
11.071 |
5.854 |
|
Total Current Liabilities (4) |
|
99.683 |
59.418 |
|
|
|
|
|
|
TOTAL |
|
212.841 |
134.248 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
26.561 |
12.654 |
|
(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 |
|
26.561 |
12.654 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
59.363 |
27.500 |
|
(c) Trade receivables |
|
60.155 |
46.687 |
|
(d) Cash and cash
equivalents |
|
49.409 |
36.084 |
|
(e) Short-term loans and
advances |
|
16.516 |
10.901 |
|
(f) Other current assets |
|
0.837 |
0.422 |
|
Total Current Assets |
|
186.280 |
121.594 |
|
|
|
|
|
|
TOTAL |
|
212.841 |
134.248 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
16.162 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
18.662 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
19.371 |
|
|
2] Unsecured Loans |
|
|
0.511 |
|
|
TOTAL BORROWING |
|
|
19.882 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
38.544 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
12.638 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
9.171 |
|
|
Sundry Debtors |
|
|
52.684 |
|
|
Cash & Bank Balances |
|
|
26.750 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
6.772 |
|
Total
Current Assets |
|
|
95.377 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
50.232 |
|
|
Other Current Liabilities |
|
|
10.980 |
|
|
Provisions |
|
|
8.259 |
|
Total
Current Liabilities |
|
|
69.471 |
|
|
Net Current Assets |
|
|
25.906 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
38.544 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
749.296 |
569.328 |
408.652 |
|
|
|
Interest Income |
0.000 |
0.000 |
1.622 |
|
|
|
Other Income |
13.945 |
7.410 |
5.403 |
|
|
|
TOTAL (A) |
763.241 |
576.738 |
415.677 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
616.383 |
453.853 |
0.000 |
|
|
|
Other Direct Expenses |
103.544 |
85.417 |
0.000 |
|
|
|
Changes in inventories of finished goods and work-in-progress |
(31.863) |
(18.329) |
0.000 |
|
|
|
Employee Benefit Expenses |
11.513 |
7.789 |
0.000 |
|
|
|
Consumption |
0.000 |
0.000 |
316.882 |
|
|
|
Direct Expenses |
0.000 |
0.000 |
30.811 |
|
|
|
Indirect Expenses |
0.000 |
0.000 |
54.010 |
|
|
|
Direct Remuneration |
0.000 |
0.000 |
3.600 |
|
|
|
Other Expenses |
37.596 |
24.649 |
0.000 |
|
|
|
TOTAL (B) |
737.173 |
553.379 |
405.303 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
26.068 |
23.359 |
10.374 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.968 |
1.409 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.100 |
21.950 |
10.374 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.220 |
0.760 |
0.485 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
19.880 |
21.190 |
9.889 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.736 |
2.050 |
2.750 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.144 |
19.140 |
7.139 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
13.144 |
19.140 |
7.139 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.38 |
19.14 |
28.56 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.72
|
3.32 |
1.71 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.65
|
3.72 |
1.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.34
|
15.78 |
9.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.56 |
0.52 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.22
|
0.98 |
1.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
2.05 |
1.37 |
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL PERFORMANCE:
During
the year, Company recorded total income of Rs. 763.241 Millions against Rs. 576.737 Millions in the previous year. Net
Profit for the financial year ended 31st March, 2012 increased to
Rs. 13.144 Millions from Rs. 19.140 Millions in the previous year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51909GJ2006PTC047606 |
|
Name of the company |
PALVI POWERTECH SALES PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
228, Arpan Complex, Email ID : ppts@youtele.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10034717 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of charge holder |
Indian Bank, 1 Sujata Society, Hari Nagar, Char Rasta, Gotri Road,
Vododara – 390007, Gujarat, India Email ID : gotri@indianbank.co.in |
|
Nature of instrument creating charge |
Agreement of Hypothecation of Movables |
|
Date of instrument Creating the charge |
05.04.2012 |
|
Amount secured by the charge |
Rs. 82.500 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest
Base Rate + 2.00% in case of EPC and FBP/FBN Libor + 3.50% + other charges or as stipulated by bank's international
division from time to time in case of FCPC Terms of
Repayment On demand Margin EPC-20% on export order (FOB) FBP/FBN-10% against the securities hypothecated Import LC/BG/Money Performance-25% Extent and
Operation of the charge The charge is further modified to secure the credit facility of Rs.
82.500 Millions. EPC- Rs. 60.000 Millions Import LC/DA/DP RS.22.500 Millions Sub Limit BG- Money/Performance-
Rs. 5.000 Millions Others The Credit Facility is further secured by the personal guarantee of
the Directors of the Company. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Goods, Produce, Merchandise, Stocks stored or to be stored from time
to time in premises at 155/2, GIDC, Nandesari. |
|
Date of instrument modifying the charge |
15.02.2012 |
|
Particulars of the present modification |
Vide this Agreement of Hypothecation of Movables the credit facility
is further extended to Rs. 82.500 Millions. The ADHOC Facility of Rs. 5.000 Millions dated 15.02.2012 has been
cancelled. |
FIXED ASSETS:
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] 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. 59.70 |
|
|
1 |
Rs. 92.25 |
|
Euro |
1 |
Rs. 78.38 |
INFORMATION DETAILS
|
Report Prepared
by : |
VNT |
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 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.