MIRA
INFORM REPORT
|
Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROLEX LANOLIN PRODUCTS LIMITED |
|
|
|
|
Registered
Office : |
Rolex House, Level 1, 114 Tejpal Industrial Estate, Andheri Kurla Road,
Sakinaka, Mumbai – 400072, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.03.1990 |
|
|
|
|
Com. Reg. No.: |
11-056023 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1990PLC056023 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14573G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR3499P |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Lanolin. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 93000 |
|
|
|
|
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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 / Corporate and Head Office : |
Rolex House, Level 1, 114 Tejpal Industrial Estate, |
|
Tel. No.: |
91-22-28512345 / 22012345 |
|
Fax No.: |
91-22-28517777 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
City Liason Office : |
52/58 Babu Genu Road, Level 1, 24-26 Jivraj Shamji
Building, Off Princess Street, |
|
Tel. No.: |
91-22-22012345 |
|
Fax No.: |
91-22-22015950 |
|
|
|
|
Factory 1 : |
Unit No. 14, Ground Floor, New Tejpal Industrial Premises Co-operative Society Limited, Sakinaka, Andheri Kurla Road, Andheri (East), Opposite –Tech Plaza, Mumbai – 400072, Maharashtra, India |
|
|
|
|
|
|
|
Factory 2 : |
Plot No. 6309, Phase IV, G.I.D.C., Near Pumphouse Phase
III, Vapi, |
|
|
|
|
Warehouse : |
Located at ·
Antop Hill ·
Sewree ·
Bhiwandi |
DIRECTORS
AS ON 24.09.2012
|
Name : |
Mr. Hasmukh Nathalal Zaveri |
|
Designation : |
Director |
|
Address : |
8/B, Giriraj, 11, |
|
Date of Birth/Age : |
19.06.1939 |
|
Date of Appointment : |
03.11.1990 |
|
DIN No.: |
00861250 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U24110MH1990PLC056023 |
ROLEX
LANOLIN PRODUCTS LIMITED |
Director |
03/11/1990 |
03/11/1990 |
- |
Active |
NO |
|
2 |
U91200MH1985GAP036051 |
ALL
INDIA IMPORTERS AND EXPORTERS ASSOCIATION |
Director |
27/09/2000 |
27/09/2000 |
- |
Active |
NO |
|
3 |
U25209MH1989PTC053363 |
EURO
POLYTHENE PRIVATE LIMITED |
Director |
12/03/2007 |
12/03/2007 |
- |
Active |
NO |
|
4 |
U92100MH1993NPL071488 |
GARWARE
CLUB HOUSE |
Director |
12/12/2007 |
12/12/2007 |
11/12/2008 |
Active |
NO |
|
Name : |
Mr. Hasit Hasmujh Zaveri |
|
Designation : |
Director |
|
Address : |
8/B, Giriraj, 11, |
|
Date of Birth/Age : |
24.08.1965 |
|
Date of Appointment : |
13.03.1990 |
|
DIN No.: |
00861184 |
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 |
U24110MH1990PLC056023 |
ROLEX
LANOLIN PRODUCTS LIMITED |
Managing
director |
30/03/1990 |
30/03/1990 |
Active |
NO |
|
2 |
U74999MH1998PLC116907 |
MOTHERINDIA
INFANTCARE PRODUCTS LIMITED |
Director |
16/10/1998 |
16/10/1998 |
Strike
off |
NO |
|
3 |
U25209MH1989PTC053363 |
EURO
POLYTHENE PRIVATE LIMITED |
Managing
director |
12/03/2007 |
12/03/2007 |
Active |
NO |
|
Name : |
Mrs. Hansa Hasmukh Zaveri |
|
Designation : |
Director |
|
Address : |
8/B, Giriraj, 11, |
|
Date of Birth/Age : |
31.01.1941 |
|
Date of Appointment : |
13.03.1990 |
|
DIN No.: |
00117557 |
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 |
U24110MH1990PLC056023 |
ROLEX
LANOLIN PRODUCTS LIMITED |
Director |
30/03/1990 |
30/03/1990 |
Active |
NO |
|
2 |
U74999MH1998PLC116907 |
MOTHERINDIA
INFANTCARE PRODUCTS LIMITED |
Director |
16/10/1998 |
16/10/1998 |
Strike
off |
NO |
|
Name : |
Mrs. Falguni Hasit Zaveri |
|
Designation : |
Director |
|
Address : |
8/B, Giriraj, 11, |
|
Date of Birth/Age : |
22.07.1964 |
|
Date of Appointment : |
08.12.1996 |
|
DIN No.: |
00117604 |
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 |
U24110MH1990PLC056023 |
ROLEX
LANOLIN PRODUCTS LIMITED |
Director |
08/12/1996 |
08/12/1996 |
Active |
NO |
|
2 |
U74999MH1998PLC116907 |
MOTHERINDIA
INFANTCARE PRODUCTS LIMITED |
Director |
16/10/1998 |
16/10/1998 |
Strike
off |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2012
|
Names of Shareholders |
No. of Shares |
|
Hansa Hasmujh Zaveri |
25940 |
|
Hasit Hasmujh Zaveri |
25940 |
|
Hasmukh Nathalal Zaveri |
20839 |
|
Falguni Hasit Zaveri |
17281 |
|
TOTAL
|
90000 |
AS ON 24.09.2012
|
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 Lanolin. |
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Union
Bank of India, Princess Street Branch, Devkaran Mansion, Samaldas Gandhi
Marg, Princess Street, Mumbai – 400 002, Maharashtra, India ·
CIti Bank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vora and Associates Chartered Accountant |
|
Address : |
103, Rewa Chambers, 31, New Marine Lines, Mumbai – 400 020, |
|
Tel. No.: |
91-22-22005934 / 22031110 |
|
Fax No.: |
91-22-22063289 |
|
PAN No.: |
AACFV6555H |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3990000 |
Equity Shares |
Rs.10/- each |
Rs. 39.900 Millions |
|
10000 |
8% Non Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
TOTAL |
|
Rs. 40.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.10/- each |
Rs. 0.900
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
0.900 |
0.900 |
0.900 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
22.528 |
16.630 |
15.383 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
23.428 |
17.530 |
16.283 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5.804 |
17.350 |
16.974 |
|
|
2] Unsecured Loans |
5.924 |
8.919 |
14.006 |
|
|
TOTAL BORROWING |
11.728 |
26.269 |
30.980 |
|
|
DEFERRED TAX LIABILITIES |
0.975 |
0.981 |
1.019 |
|
|
|
|
|
|
|
|
TOTAL |
36.131 |
44.780 |
48.282 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
11.758 |
11.055 |
12.094 |
|
|
Capital work-in-progress |
3.056 |
3.056 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.100 |
5.100 |
5.100 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5.274
|
12.107
|
10.823
|
|
|
Sundry Debtors |
14.611
|
13.508
|
14.405
|
|
|
Cash & Bank Balances |
2.005
|
6.608
|
10.532
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
5.760
|
3.080
|
1.509
|
|
Total
Current Assets |
27.650
|
35.303 |
37.269 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.987
|
5.299
|
4.504 |
|
|
Other Current Liabilities |
4.211
|
4.276
|
0.207
|
|
|
Provisions |
1.235
|
0.159
|
1.470
|
|
Total
Current Liabilities |
11.433
|
9.734 |
6.181 |
|
|
Net Current Assets |
16.217
|
25.569
|
31.088
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
36.131 |
44.780 |
48.282 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
148.774 |
131.376 |
146.794 |
|
|
|
Other Income |
0.171 |
0.413 |
0.493 |
|
|
|
TOTAL (A) |
148.945 |
131.789 |
147.287 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
75.243 |
90.753 |
|
|
|
|
Purchase of traded goods |
22.396 |
17.137 |
|
|
|
|
Employee benefits expense |
12.374 |
7.025 |
|
|
|
|
Other expenses |
20.312 |
16.614 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and traded goods |
5.175 |
(6.250) |
|
|
|
|
TOTAL (B) |
135.500 |
125.279 |
135.474 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.445 |
6.510 |
11.813 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.637 |
3.466 |
3.621 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.808 |
3.044 |
8.192 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.242 |
1.254 |
1.249 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
8.566 |
1.790 |
6.943 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.669 |
0.543 |
2.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
5.897 |
1.247 |
4.676 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
10.482 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
NA |
0.468 |
|
|
|
Dividend |
NA |
NA |
0.900 |
|
|
|
Tax on Dividend |
NA |
NA |
0.150 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
13.640 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
30.191 |
21.402 |
NA |
|
|
|
Income from Sale of services |
0.546 |
0.000 |
NA |
|
|
TOTAL EARNINGS |
30.737 |
21.402 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
9.730 |
31.400 |
NA |
|
|
|
Traded Finished Goods |
17.276 |
14.136 |
NA |
|
|
TOTAL IMPORTS |
27.006 |
45.536 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
65.53 |
13.86 |
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.96
|
0.95 |
3.17
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.76
|
1.36 |
4.73
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.74
|
3.86 |
14.06
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.10 |
0.43
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.50
|
1.50 |
1.90
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.42
|
3.63 |
6.03
|
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) |
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 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Term Loans |
|
|
|
From Banks |
0.000 |
1.642 |
|
From Others |
0.000 |
0.487 |
|
Short Term
Borrowings |
|
|
|
Loans and advances from related parties |
5.924 |
6.790 |
|
|
|
|
|
TOTAL |
5.924 |
8.919 |
OPERATIONS
The Sales and Operating Income during the year has increased
from Rs.131.400 Millions to Rs.148.800 Millions during the year. The Net profit
before taxes is Rs.8.566 Millions (P.Y.Rs. 1.789 Millions).
The increase in net profits during the year was due to higher
sales realization. A continuous availability of raw material would be a
challenge in the years to come which would determined the business prospects of
the company in the years to come.
FIXED ASSETS
·
Factory Building
·
Plant and Machinery
·
Computer
·
Vehicle
·
Furniture and Fittings
·
Office Equipments
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. 54.48 |
|
|
1 |
Rs. 82.71 |
|
Euro |
1 |
Rs. 72.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.