MIRA INFORM REPORT
|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROCK WOOL ( |
|
|
|
|
Registered
Office : |
‘B’ Block, 4th Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
14.04.1987 |
|
|
|
|
Com. Reg. No.: |
01-007360 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 790.128 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13209AP1987PLC007360 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDR01177B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR0722N |
|
|
|
|
Legal Form : |
A Closely held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer of Rockwool Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2900000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appear some accumulated losses recorded by the company. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings with some 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A4 (Short Term Bank Facilities) |
|
Rating Explanation |
Minimal degree of safety. It carry high credit risk. |
|
Date |
26.02.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
BB (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
26.02.2013 |
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 : |
‘B’ Block, 4th Floor, |
|
Tel. No.: |
91-40-30408650 |
|
Fax No.: |
91-40-30408660 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1: |
Kohir ‘X’ Road Kaveli, Near Zaheerabad, Kohil Mandal, Medak District,
Kaveli-502321 |
|
Tel. No.: |
91-8451-287511 / 12 |
|
Fax No.: |
91-8451-287554 |
|
|
|
|
Factory 2 : |
Survey No. 211/2/1/1, |
|
|
|
|
Branches: |
Located at: ·
·
·
·
Mumbai ·
Pune ·
·
Chennai |
DIRECTORS
AS ON 24.06.2011
|
Name : |
Mr. Sainath Ambati Venkata Reddy |
|
Designation : |
Director |
|
Address : |
307, Vindhyachal Apartments, 10-4-25, Masab Tank, Humayunnager,
Hyderabad-500028 |
|
Date of Birth/Age : |
29.031970 |
|
Date of Appointment : |
29.10.2008 |
|
DIN No.: |
02209579 |
|
|
|
|
Name : |
Mr. Samir Mamdouh Kasem |
|
Designation : |
Director |
|
Address : |
Anjafa Block, 13 Building, 14 Unit 19, P.O. Box No. 223, Safat-13002, |
|
Date of Birth/Age : |
19.08.1958 |
|
Date of Appointment : |
12.05.2010 |
|
DIN No.: |
02332484 |
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 |
U74120HR2007PTC038827 |
YAAS
WHOLESALE INDIA PRIVATE LIMITED |
Director |
22/10/2008 |
22/10/2008 |
11/05/2009 |
Active |
NO |
|
2 |
U45200UR2005PTC029472 |
KIRBY
BUILDING SYSTEMS INDIA (UTTARANCHAL) PRIVATE LIMITED |
Director |
30/06/2010 |
24/03/2010 |
- |
Active |
NO |
|
3 |
U13209AP1987PLC007360 |
ROCK
WOOL (INDIA) LIMITED |
Director |
12/05/2010 |
12/05/2010 |
- |
Active |
NO |
|
Name : |
Mr. Harish Ganesan |
|
Designation : |
Director |
|
Address : |
No. 7, North Chitrakulam Street, Mylpaore, Chennai, Tamilnadu, India |
|
Date of Birth/Age : |
25.01.1975 |
|
Date of Appointment : |
10.03.2010 |
|
DIN No.: |
03021151 |
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 |
U13209AP1987PLC007360 |
ROCK
WOOL (INDIA) LIMITED |
Whole-time
director |
01/04/2010 |
10/03/2010 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Gadepalli S Himabindu |
|
Designation : |
Secretary |
|
Address : |
307, Sairuchi Residency, Gangaram, Hyderabad-500050, |
|
Date of Birth/Age : |
11.08.1977 |
|
Date of Appointment : |
15.06.2010 |
|
PAN No.: |
AKTPG7613A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.06.2011
|
Names of Shareholders |
No. of Shares |
|
Alghanim Industries ( |
69278335 |
|
P. S. Prasad |
1 |
|
Harish Ganesan |
1 |
|
Merajuddin Ahmed |
1 |
|
P. Satish Kumar |
1 |
|
D. Mogileeshwara Reddy |
1 |
|
G. S Himabndu |
1 |
|
TOTAL
|
69278341 |
AS ON 30.08.2012
|
Names of Allottees |
No. of Shares |
|
Alghanim Industries ( |
9064000 |
|
TOTAL
|
9064000 |
AS ON 01.03.2012
|
Names of Allottees |
No. of Shares |
|
Alghanim Industries ( |
5313000 |
|
TOTAL
|
5313000 |
AS ON 12.12.2011
|
Names of Allottees |
No. of Shares |
|
Alghanim Industries ( |
5217000 |
|
TOTAL
|
5217000 |
AS ON 31.10.2011
|
Names of Allottees |
No. of Shares |
|
Alghanim Industries ( |
4517500 |
|
TOTAL
|
4517500 |
AS ON 11.07.2011
|
Names of Allottees |
No. of Shares |
|
Alghanim Industries ( |
13494000 |
|
TOTAL
|
13494000 |
AS ON 03.06.2011
|
Names of Allottees |
No. of Shares |
|
Alghanim Industries ( |
11264375 |
|
TOTAL
|
11264375 |
AS ON 24.06.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rockwool Products. |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.12.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Resin Bonded Rockwool |
In Tonners Per
Annum |
50000 |
50000 |
27720 |
GENERAL INFORMATION
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T. R. Chadha and Company Chartered Accountant |
|
Address : |
414, 6-3-650, Maheshwari Chambers, Somajiguda, Hyderabad-500082, |
|
Tel. No.: |
91-40-66622583 / 84 |
|
Fax No.: |
91-40-66622584 |
|
E-Mail : |
|
|
PAN No.: |
AAAFTI655Q |
|
|
|
|
Holding Company : |
|
|
|
|
|
Ultimate Holding Company : |
|
|
|
|
|
Fellow Subsidiaries : |
|
|
|
|
|
Other Related Parties : |
|
CAPITAL STRUCTURE
AFTER 20.06.2012
Authorised Capital : Rs. 1000.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 970.733 Millions
AS ON 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85000000 |
Equity Shares |
Rs.10/- each |
Rs. 850.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
79012841 |
Equity Shares |
Rs.10/- each |
Rs. 790.128 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
790.128 |
445.200 |
382.708 |
|
|
2] Share Application Money |
53.130 |
112.644 |
0.000 |
|
|
3] Reserves & Surplus |
197.730 |
199.315 |
213.500 |
|
|
4] (Accumulated Losses) |
(311.459) |
(129.198) |
0.000 |
|
|
NETWORTH |
729.529 |
627.961 |
596.208 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
647.190 |
546.064 |
415.867 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
647.190 |
546.064 |
415.867 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1376.719 |
1174.025 |
1012.075 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
966.410 |
864.520 |
274.692 |
|
|
Capital work-in-progress |
22.620 |
72.191 |
627.919 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
188.047 |
104.112 |
24.664 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
107.793
|
80.798 |
55.019
|
|
|
Sundry Debtors |
195.216
|
115.351 |
84.923
|
|
|
Cash & Bank Balances |
72.717
|
64.754 |
66.104
|
|
|
Other Current Assets |
1.740
|
1.170 |
0.692
|
|
|
Loans & Advances |
40.978
|
37.316 |
35.383
|
|
Total
Current Assets |
418.444
|
299.389 |
242.121 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
177.932
|
148.542 |
132.607
|
|
|
Other Current Liabilities |
33.088
|
10.712 |
15.994
|
|
|
Provisions |
7.782
|
6.933 |
8.720
|
|
Total
Current Liabilities |
218.802
|
166.187 |
157.321 |
|
|
Net Current Assets |
199.642
|
133.202 |
84.800
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1376.719 |
1174.025 |
1012.075 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
758.221 |
511.987 |
437.200 |
|
|
|
Other Income |
16.992 |
14.276 |
17.956 |
|
|
|
TOTAL (A) |
775.213 |
526.263 |
455.156 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
550.626 |
386.612 |
|
|
|
|
Manufacturing service costs |
127.013 |
95.994 |
|
|
|
|
Employee related expenses |
132.716 |
119.853 |
|
|
|
|
Administrative selling other expenses |
133.053 |
110.951 |
|
|
|
|
Prior period items |
0.000 |
9.550 |
|
|
|
|
TOTAL (B) |
943.408 |
722.960 |
508.914 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(168.195) |
(196.697) |
(53.758) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
46.018 |
38.223 |
7.646 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(214.213) |
(234.920) |
(61.404) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
51.983 |
43.495 |
19.208 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(266.196) |
(278.415) |
(80.612) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(83.936) |
(79.447) |
(25.200) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(182.260) |
(198.968) |
(55.412) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(129.198) |
69.770 |
125.182 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(311.458) |
(129.198) |
69.770 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
35.151 |
39.520 |
36.453 |
|
|
TOTAL EARNINGS |
35.151 |
39.520 |
36.453 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
32.796 |
22.237 |
20.317 |
|
|
TOTAL IMPORTS |
32.796 |
22.237 |
20.317 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(3.11) |
(5.04) |
(1.99) |
|
%20LIMITED%20-%20214342%2016-Mar-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 |
31.12.2010 |
31.12.2009 |
|
PAT / Total Income |
(%) |
(23.51)
|
(37.81) |
(12.17) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(35.11)
|
(54.38) |
(18.44) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(16.92)
|
(21.96) |
(14.89) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.36)
|
(0.44) |
(0.14) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.89
|
0.87 |
0.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91
|
1.80 |
1.54 |
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 |
Yes |
|
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 |
Yes |
MANAGEMENT DISCUSSION AND ANALYSIS
REVIEW OF OPERATIONS AND FINANCIAL PERFORMANCE
The company has
produced 27,720 MT during the year as against 19,635 MT produced during last year
(41% increase over previous year). Sales during the year were 27,837 MT
compared to 19,139 MT during last year (45% increase over previous year). The
year witnessed an increase in both production and sales.
The company’s turnover for the year has increased by 48% over previous
year from Rs. 511.987 Millions to Rs. 758.221 Millions.
The year 2011 had
seen full fledged operations from Silvassa Plant. The overall Capacity
utilization of both Hyderabad and Silvassa plants were 69% and 42%
respectively. Lower efficiencies, higher consumption of spares and consumables
at Silvassa plant along with raw materials resulted increase in operating
costs. During the year there is a significant increase in financial expenses to
the tune of 20.4%.
FIXED ASSETS
- Land and Site
Development
- Building
- Plant and
Machinery
- Furniture and
Fixtures, Office and Household
- Motor
Vehicles
- Computers
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. 54.16 |
|
|
1 |
Rs. 81.74 |
|
Euro |
1 |
Rs. 70.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.