|
Report Date : |
09.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANSA DECOGLASS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
The Simplex Mills Compound, 1st Floor, 30, K. K. Marg, Sant
Gadge Maharaj Chowk, Mahalaxmi (East), Mumbai-400011, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.08.2002 |
|
|
|
|
Com. Reg. No.: |
11-137008 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 2.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26109MH2002PTC137008 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importers in all types of Decorative Glass,
Bottles, Vials, Ampoules, Containers, Foils and Boxes. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 87000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company appears to be low. The external borrowing seems to
be huge which may affect the liquidity position of the company. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with great caution.
|
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 : |
The Simplex Mills Compound, 1st Floor, 30, K. K. Marg, Sant
Gadge Maharaj Chowk, Mahalaxmi (East), Mumbai-400011, Maharashtra, India |
|
Tel. No.: |
91-22-23020260 |
|
Fax No.: |
91-22-23006409 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Kharach Road, Kunvarda Village, Kosamba Railway Station, District
Surat-394120, Gujarat, India |
|
Tel No.: |
91-2629-231052 |
|
Fax No.: |
91-2629-231053 |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Arvind Premnath Agarwal |
|
Designation : |
Director |
|
Address : |
6/1, Mira Kunj, 16/A, Pedder Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
06.01.1955 |
|
Date of Appointment : |
28.08.2002 |
|
DIN No.: |
00391757 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51900MH1982PTC027754 |
ANSA
PACKAGING PRODUCTS PRIVATE LIMITED |
Director |
22-07-88 |
22-07-88 |
- |
Amalgamated |
NO |
|
2 |
U17110MH1985PTC038080 |
PIRAMAL
TEXTURISING PRIVATE LIMITED |
Director |
04-11-93 |
04-11-93 |
- |
Active |
NO |
|
3 |
U99999MH1989PTC053602 |
VULCAN
INVESTMENTS PRIVATE LIMITED |
Director |
04-11-93 |
04-11-93 |
- |
Active |
NO |
|
4 |
U65990MH1994PTC078489 |
KUNVARDA
INVESTMENTS PRIVATE LIMITED |
Director |
19-05-94 |
19-05-94 |
- |
Dormant |
NO |
|
5 |
U67120MH1994PTC078488 |
ECOFRIENDLY
CORPACK PRIVATE LIMITED |
Director |
19-05-94 |
19-05-94 |
- |
Active |
NO |
|
6 |
U65990MH1994PTC078527 |
ADITYA
AGARWAL INVESTMENTS (BOMBAY) PRIVATE LIMITED |
Director |
20-05-94 |
20-05-94 |
- |
Active |
NO |
|
7 |
U99999MH1994PLC083006 |
SHREELEKHA
GLOBAL FINANCE LIMITED |
Director |
16-11-94 |
16-11-94 |
- |
Active |
NO |
|
8 |
U21000MH1994PTC084095 |
ANSAPACK
PRIVATE LIMITED |
Director |
28-12-94 |
28-12-94 |
- |
Active |
NO |
|
9 |
U67120MH1996PTC098787 |
NIFTY
HOLDINGS PRIVATE LIMITED |
Director |
10-04-96 |
10-04-96 |
- |
Active |
NO |
|
10 |
U67120MH1996PTC098788 |
EMBLEM
HOLDINGS PRIVATE LIMITED |
Director |
10-04-96 |
10-04-96 |
- |
Active |
NO |
|
11 |
U67120MH1996PTC098818 |
GAIETY
HOLDINGS PRIVATE LIMITED |
Director |
11-04-96 |
11-04-96 |
- |
Active |
NO |
|
12 |
U65990MH1976PTC019033 |
SAVOY
FINANCE AND INVESTMENT PRIVATE LIMITED |
Director |
20-11-01 |
20-11-01 |
- |
Amalgamated |
NO |
|
13 |
U26109MH2002PTC137008 |
ANSA
DECOGLASS PRIVATE LIMITED |
Director |
28-08-02 |
28-08-02 |
- |
Active |
NO |
|
14 |
U45203MH2007PTC171591 |
NARIMAN
INFRASTRUCTURE PRIVATE LIMITED |
Director |
26-06-07 |
26-06-07 |
02-07-07 |
Converted
to LLP and dissolved |
NO |
|
15 |
U52599MH2007PTC167646 |
AIKONE
MARKETING AND MANAGEMENT SERVICES PRIVATE LIMITED |
Director |
31-10-07 |
01-10-07 |
- |
Amalgamated |
NO |
|
16 |
U25193MH2008PTC185876 |
ANSA
FLEXIPACK PRIVATE LIMITED |
Director |
18-08-08 |
18-08-08 |
- |
Under
Process of Striking off |
NO |
|
17 |
U36990MH2010PTC211118 |
BIG
SKY TRADING PRIVATE LIMITED |
Director |
04-02-11 |
04-02-11 |
- |
Active |
NO |
|
18 |
U36912MH2011PTC221397 |
KOSAMBA
GLASS DECO PRIVATE LIMITED |
Director |
29-08-11 |
29-08-11 |
- |
Active |
NO |
|
19 |
U70109MH2011PTC221461 |
INNOVADOR
REALTORS PRIVATE LIMITED |
Director |
30-08-11 |
30-08-11 |
- |
Active |
NO |
|
Name : |
Mr. Anil Gopal Sharma |
|
Designation : |
Director |
|
Address : |
A-7, Parekh Apartment, Raheja Township, Malad (East), Mumbai-400097,
Maharashtra, India |
|
Date of Birth/Age : |
13.11.1958 |
|
Date of Appointment : |
12.12.2002 |
|
DIN No.: |
01096010 |
Other Directorship:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U26109MH2002PTC137008 |
ANSA
DECOGLASS PRIVATE LIMITED |
Director |
12-12-02 |
12-12-02 |
Active |
NO |
|
2 |
U51900MH1982PTC027754 |
ANSA
PACKAGING PRODUCTS PRIVATE LIMITED |
Director |
15-12-03 |
15-12-03 |
Amalgamated |
NO |
|
3 |
U21000MH1994PTC084095 |
ANSAPACK
PRIVATE LIMITED |
Director |
15-12-03 |
15-12-03 |
Active |
NO |
|
4 |
U67120MH1994PTC078488 |
ECOFRIENDLY
CORPACK PRIVATE LIMITED |
Director |
03-03-07 |
03-03-07 |
Active |
NO |
|
5 |
U25193MH2008PTC185876 |
ANSA
FLEXIPACK PRIVATE LIMITED |
Director |
18-08-08 |
18-08-08 |
Under
Process of Striking off |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Arvind Agarwal |
|
15000 |
|
Premnath Agarwal |
|
5000 |
|
Nandan S. Damani |
|
10000 |
|
Sai Darshan Business Centre Private Limited, India |
|
10000 |
|
Rachna Agarwal |
|
80000 |
|
Gautam Agarwal |
|
15000 |
|
Aditya Agarwal |
|
15000 |
|
Alpex Powers Private Limited, India |
|
16000 |
|
Alpex Holdings Private Limited, India |
|
16000 |
|
Piramal Corporate Services Limited, India |
|
18000 |
|
|
|
|
|
TOTAL
|
|
200000 |
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
30.00 |
|
Directors
or relatives of directors |
|
65.00 |
|
Other
|
|
5.00 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importers in all types of Decorative Glass,
Bottles, Vials, Ampoules, Containers, Foils and Boxes. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
HDFC Bank Limited |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vijay Rungta and Company Chartered Accountants |
|
Address : |
4/88, Nityanand Nagar 4, S.N. Marg, Andheri (East), Mumbai-400069,
Maharashtra, India |
|
Tel. No.: |
91-22-26836687 |
|
PAN No: |
AAAFV0164A |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
|
5000 |
Preferences Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
Total
|
|
Rs.2.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
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 |
2.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
19.797 |
16.840 |
14.335 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
21.797 |
18.840 |
16.335 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
89.965 |
49.990 |
45.372 |
|
|
2] Unsecured Loans |
330.545 |
186.821 |
123.653 |
|
|
TOTAL BORROWING |
420.510 |
236.811 |
169.025 |
|
|
DEFERRED TAX LIABILITIES |
10.136 |
8.508 |
7.356 |
|
|
|
|
|
|
|
|
TOTAL |
452.443 |
264.159 |
192.716 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
232.882 |
132.806 |
82.284 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
93.835
|
23.597 |
14.214 |
|
|
Sundry Debtors |
108.820
|
86.954 |
62.833 |
|
|
Cash & Bank Balances |
4.897
|
14.324 |
13.309 |
|
|
Other Current Assets |
3.278
|
1.012 |
0.000 |
|
|
Loans & Advances |
72.138
|
56.135 |
49.974 |
|
Total
Current Assets |
282.968
|
182.022 |
140.330 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
33.695
|
24.840 |
28.910 |
|
|
Other Current Liabilities |
29.273
|
25.822 |
0.000 |
|
|
Provisions |
0.439
|
0.007 |
1.007 |
|
Total
Current Liabilities |
63.407
|
50.669 |
29.917 |
|
|
Net Current Assets |
219.561
|
131.353 |
110.413 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.019 |
|
|
|
|
|
|
|
|
TOTAL |
452.443 |
264.159 |
192.716 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
408.442 |
299.807 |
218.550 |
|
|
|
Other Income |
1.133 |
0.844 |
0.263 |
|
|
|
TOTAL (A) |
409.575 |
300.651 |
218.813 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
107.520 |
85.702 |
68.032 |
|
|
|
Employee Benefits Expenses |
19.921 |
15.095 |
0.000 |
|
|
|
Other Expenses |
250.098 |
174.079 |
127.789 |
|
|
|
Changes in Inventories of Work in Progress, Finished Goods and Stock
in Trade |
(20.480) |
(1.471) |
0.067 |
|
|
|
TOTAL (B) |
357.059 |
273.405 |
195.888 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
52.516 |
27.246 |
22.925 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
38.492 |
17.575 |
15.779 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.024 |
9.671 |
7.146 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.438 |
6.017 |
5.071 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
4.586 |
3.654 |
2.075 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.628 |
1.149 |
0.643 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
2.958 |
2.505 |
1.432 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
16.839 |
14.334 |
12.902 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
19.797 |
16.839 |
14.334 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
14.79 |
12.52 |
7.16 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.72
|
0.83 |
0.65 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.12
|
1.22 |
0.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.89
|
1.16 |
0.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.19 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
19.29
|
12.57 |
10.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.46
|
3.59 |
4.69 |
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
Registered office of the company has been
shifted from the Simplex Mills Compound, 1st Floor, Keshavrao Khadye
Marg, Jacob Circle, Byculla (West), Mumbai-400011, Maharashtra, India to the
present address w.e.f.04.02.2011.
OPERATIONS:
The total income during the year has increased
to Rs.409.575 Millions from Rs.300.651 Millions achieved in the previous year.
The directors are making efforts to further improve the performance of the
company in the current year.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Loans and Advances |
330.545 |
186.821 |
|
TOTAL
|
330.545 |
186.821 |
FIXED ASSETS
·
Land
·
Leasehold Premises
·
Building
·
Furniture and Fixtures
·
Plant and Machinery
·
Office Equipments
·
Computers and Accessories
·
Vehicles
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.54.40 |
|
|
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Report Prepared by
: |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.