MIRA
INFORM REPORT
|
Report Date : |
07.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SALVI CHEMICAL INDUSTRIES LIMITED (w.e.f. 21.09.2006) |
|
|
|
|
Formerly Known
as: |
SALVI CHEMICALS INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
214, Blue Rose Industrial Estate, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
10.10.2005 |
|
|
|
|
Com. Reg. No.: |
11-156633 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.79.432 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24230MH2005PLC156633 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Chemical and Pharmaceuticals. |
|
|
|
|
No. of
Employees: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 730000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Balance sheet statement for the year 2012 is not available. As per available
financials, the performance capability of the company seems to be normal.
However, the company is known to have large working capital requirement. The
rating also takes into consideration the fluctuation in raw material prices.
Trade relations are reported as fair. Business is active. Payments terms are
unknown. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: B |
|
Rating Explanation |
High risk of default |
|
Date |
10.05.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4 |
|
Rating Explanation |
Minimal degree of safety. It carry high credit risk. |
|
Date |
10.05.2012 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Vijayan |
|
Designation : |
Finance Department |
|
Contact No.: |
91-22-28701438 |
|
Date : |
06.05.2013 |
LOCATIONS
|
Registered / Administrative Office
: |
214, Blue Rose Industrial Estate, |
|
Tel. No.: |
91-22-28701438 |
|
Fax No.: |
91-22-28703656 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Factory 1 : |
E -93/94, MIDC Tarapur, Boisur, |
|
|
|
|
Factory 2 : |
E -90, MIDC Tarapur, Boisur, |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Kantilal Narandas Salvi |
|
Designation : |
Director |
|
Address : |
B 108, Ashoka Tower, Kulupwadi Road,
Borivali (E), Mumbai – 400066, Maharashtra, India |
|
Date of Birth/Age : |
11.03.1945 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
10.10.2005 |
|
Din No: |
00535466 |
|
|
|
|
Name : |
Mr. Nirav Kantilal Salvi |
|
Designation : |
Director |
|
Address : |
B 108, Ashoka Tower, Kulupwadi Road,
Borivali (E), Mumbai – 400066, Maharashtra, India |
|
Date of Birth/Age : |
13.03.1974 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
10.10.2005 |
|
Din No: |
00535510 |
|
|
|
|
Name : |
Mr. Kaushal Kantilal Salvi |
|
Designation : |
Whole Time Director |
|
Address : |
B 108, Ashoka Tower, Kulupwadi Road, Borivali
(E), Mumbai – 400066, Maharashtra, India |
|
Date of Birth/ Age: |
01.05.1979 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.02.2011 |
|
Din No: |
00535546 |
KEY EXECUTIVES
|
Name : |
Mr. Vijayan |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kantilal. N. Salvi |
|
11100 |
|
Nirav Salvi |
|
11500 |
|
Kaushal K. Salvi |
|
10500 |
|
Avni N Salvi |
|
5550 |
|
Shweta K. Salvi |
|
5550 |
|
Amita K. Salvi |
|
5550 |
|
Kantilal N Salvi (HUF) |
|
5550 |
|
Kantilal N. Salvi, Jt. Nirav K Salvi, Jt. Kaushal K Salvi |
|
2706750 |
|
Kantilal N Salvi (HUF),Nirav K. Salvi |
|
168125 |
|
Nirav K. Salvi, Jt. Avni |
|
2403525 |
|
Kaushal K. Salvi, Jt. Shweta K. Salvi |
|
1441650 |
|
Kaushal K. Salvi (H.U.F), Jt. Shweta K. Salvi |
|
221650 |
|
Amita K. Salvi, Jt. Nirav K. Salvi |
|
78350 |
|
Avni N Salvi, Jt. Nirav K. Salvi |
|
115850 |
|
Shweta K. Salvi, Jt. Kaushal K. Salvi |
|
55200 |
|
Nirav K. Salvi (H.U.F) |
|
663800 |
|
Mr. Pramod Patel |
|
33000 |
|
Total |
|
7943200 |
Allottees as on 31.12.2012
|
Names of Allottees |
|
No. of Shares |
|
Kantilal N. Salvi Jt. Nirav K. Salvi |
|
70150 |
|
Amita K. Salvi Jt. Avni N. Salvi |
|
99600 |
|
Kantilal N. Salvi [HUF] jt. Nirav K. Salvi (HUF) |
|
119325 |
|
Nirav K. Salvi Jt. Avni N. Salvi |
|
32435 |
|
Kaushal K. Salvi (HUF) Jt. Shweta K. Salvi Business |
|
149350 |
|
Avni N. Salvi Jt. Nirav K. Salvi |
|
40600 |
|
Shweta K. Salvi Jt. Kaushal K. Salvi |
|
30250 |
|
Nirav K. Salvi (HUF) |
|
30200 |
|
Total |
|
571910 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
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 |
0.42 |
|
Directors or relatives of Directors |
99.58 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Chemical and Pharmaceuticals. |
||||||||
|
|
|
||||||||
|
Products : |
|
||||||||
|
|
|
||||||||
|
Exports : |
|
||||||||
|
Products : |
Chemical and Pharmaceuticals |
||||||||
|
Countries : |
·
Europe ·
USA ·
Australia ·
Middle East |
||||||||
|
|
|
||||||||
|
Terms : |
|
||||||||
|
Selling : |
Cash and Credit |
||||||||
|
|
|
||||||||
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS As on (31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Bulk Drugs Chemicals |
KGS |
6900.00 |
2424.792 |
GENERAL INFORMATION
|
No. of Employees : |
250 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
The Saraswat Co-operative Bank Limited (Lead
Banker), SME Vile Parle Branch, Bholanath Cooperative Housing Society, ·
Bank of India, Boisar Branch, Mumbai,
Maharashtra, India ·
HDFC · The Saraswat Co-op Bank Limited, RASEC Borivli (West) Branch, Shobhana Apartment, Chandavarkar Road, Borivli (West), Mumbai-400092, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
Rs.in Millions
|
|||||||||||||||
|
|
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Patel and Kruup Chartered Accountant |
|
Address : |
6, Cresent Chambers, 1st Floor, Tamrind Lane, Fort, Mumbai
– 400023, |
|
Tel. No.: |
91-22-22670815 |
|
Pan No.: |
AAAPP8616R |
|
|
|
|
Enterprise / Firm
over which controlling individual have significant influence : |
Nutracare International |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Share |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8515110 |
Equity Share |
Rs.10/- each |
Rs.85.151
Millions |
|
|
|
|
|
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Share |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7943200 |
Equity Share |
Rs.10/- each |
Rs.79.432
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
79.432 |
74.970 |
71.400 |
|
|
2] Share Application Money |
0.000 |
2.200 |
0.000 |
|
|
3] Reserves & Surplus |
103.597 |
71.995 |
34.715 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
183.029 |
149.165 |
106.115 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
154.511 |
169.726 |
119.990 |
|
|
2] Unsecured Loans |
21.583 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
176.094 |
169.726 |
119.990 |
|
|
DEFERRED TAX LIABILITIES |
10.364 |
7.575 |
4.117 |
|
|
|
|
|
|
|
|
TOTAL |
369.487 |
326.466 |
230.222 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
140.593 |
121.877 |
76.496 |
|
|
Capital work-in-progress |
2.194 |
4.525 |
7.213 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.025 |
0.025 |
0.025 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
187.904
|
99.128 |
116.009
|
|
|
Sundry Debtors |
267.016
|
309.692 |
207.123
|
|
|
Cash & Bank Balances |
0.750
|
1.334 |
6.147
|
|
|
Other Current Assets |
7.347
|
13.465 |
3.519
|
|
|
Loans & Advances |
94.423
|
45.504 |
43.030
|
|
Total
Current Assets |
557.440
|
469.123 |
375.828 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
291.199
|
240.503 |
207.761 |
|
|
Other Current Liabilities |
7.729
|
6.238 |
5.672
|
|
|
Provisions |
32.047
|
22.703 |
16.415
|
|
Total
Current Liabilities |
330.975
|
269.444 |
229.848 |
|
|
Net Current Assets |
226.465
|
199.679 |
145.980 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.210 |
0.360 |
0.508 |
|
|
|
|
|
|
|
|
TOTAL |
369.487 |
326.466 |
230.222 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
671.730 |
650.826 |
550.298 |
|
|
|
Other Income |
0.805 |
0.699 |
18.118 |
|
|
|
TOTAL (A) |
672.535 |
651.525 |
568.416 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption material Changes inventories |
498.685 |
509.112 |
|
|
|
|
Manufacturing Expenses |
20.419 |
15.134 |
|
|
|
|
Employee
relative expenses |
25.011 |
23.481 |
|
|
|
|
Administrative selling other expenses |
47.243 |
26.928 |
|
|
|
|
TOTAL (B) |
591.358 |
574.655 |
530.981 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
81.177 |
76.870 |
37.435 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.845 |
18.292 |
18.728 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
57.332 |
58.578 |
18.707 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.226 |
7.377 |
4.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
46.106 |
51.201 |
14.660 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.132 |
9.746 |
5.152 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
33.974 |
41.455 |
9.508 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
66.995 |
31.715 |
23.206 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
2.000 |
2.000 |
1.000 |
|
|
|
Dividend |
0.637 |
0.605 |
0.000 |
|
|
|
Tax on Dividend |
3.748 |
3.570 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
94.584 |
66.995 |
31.714 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
159.579 |
182.853 |
150.079 |
|
|
TOTAL EARNINGS |
159.579 |
182.853 |
150.079 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.80 |
NA |
1.33 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.05
|
6.36
|
1.67
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.86
|
7.87
|
2.66
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.60
|
8.66
|
3.24
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.34
|
0.14
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.96
|
1.14
|
1.13
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
1.74
|
1.64
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Sundry Creditors |
291.199
|
240.503 |
207.761 |
|
|
|
|
|
|
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 |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
No |
|
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 |
NOTE
Registered Office of the company has been shifted from B 108, Ashoka
Tower Skulupwadi Road, Borivali (East),
Mumbai – 400 066, Maharashtra, India to the present address w.e.f.
01.08.2006
OPERATIONS
During the year the sales turnover has been
registered Rs.671.730 Millions and Net profit
has been registered Rs.33.974 Millions The F,O.B Value of export turnover
159.579 Millions
ENTERPRISE RESOURCE
PLANNING (ERP)
The Company has implemented advanced management technology viz., ERP. The implementation process is satisfactorily progressing and the company is confident in coming online by the next Financial Year. By implementing ERP better management technique would be utilised for processing voluminous date in lesser\r time to enable the Company for quick decisions.
ISO CERTIFICATION
The Company is proud to announce the award of ISO 9001:2008 Certification
UNSECURED LOAN
|
Particulars |
31.03.2011 |
31.03.2010 |
|
Other Debt Secured |
21.583 |
0.000 |
|
Total |
21.583 |
0.000 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24230MH2005PLC156633 |
|
Name of the
company |
SALVI
CHEMICAL INDUSTRIES LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
214, Blue Rose Industrial Estate, Western Express Highway, Borivali (East), Mumbai-400066, Maharashtra, India Email: info@salvichem.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Others (vehicle) |
|
Particular of
charge holder |
The Saraswat Co-op Bank Limited, RASEC Borivli West Branch,Shobhana Apartment, Chandavarkar Road, Borivli (West), Mumbai - 400092, Maharashtra, India E-mail: bp_mainkar@saraswatbank.com |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Vehicle |
|
Date of
instrument Creating the charge |
30.03.2013 |
|
Amount secured by
the charge |
Rs. 2.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 10.4% p.a. or at such
rate as maybe determined by the bank from time to time Terms of Repayment 60 months Margin Nil Extent and Operation of the charge This is term loan
facility |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
Vehicle (Toyota Lakozi) registered
with the Regional Transport office Mumbai |
CONTINGENT LIABILITY:
|
Particular |
31.03.2011 |
|
Guarantee given by the banker on behalf of
the company |
6.400 |
|
Letters of Credit |
181.041 |
FIXED ASSETS:
- Land
- Plant and
Machinery
- Furniture and
Fixtures
- Laboratory
Equipment
- Computer
- Motor Cycle
- Scooter
- Air
Conditioner
- Tata 407
- Cycle
- Office
Equipment
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.53.95 |
|
|
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.70.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
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 |
5 |
|
--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 |
|
29 |
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.