Business
information report
1. Summary Information
|
Country |
India |
||
|
Company Name |
HERCULES
PIGMENTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Anupam Babubhai Desai |
|
Status |
Satisfactory |
Principal Name 2 |
Ms. Swetal Narendra Desai |
|
Registration # |
11-171238 |
||
|
Street Address |
402, Peninsula Heights, C D Barfiwala Marg, Juhu Lane, Andheri (West),
Mumbai – 400061, Maharashtra, India |
||
|
Established Date |
31.05.2007 |
SIC Code |
-- |
|
Telephone# |
91-22-26248426/
26252235/ 42435353 |
Business Style 1 |
Manufacturing
|
|
Fax # |
91-22-26249393 |
Business Style 2 |
Marketing |
|
Homepage |
Product Name 1 |
Organic |
|
|
# of employees |
30
(Approximately) |
Product Name 2 |
Inorganic
Pigments |
|
Paid up capital |
Rs. 1,850,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or
relatives of Directors 59.73% Other top fifty shareholders 40.27 % |
Banking |
Citi
Bank |
|
Public Limited Corp. |
No |
Business Period |
6 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Party |
-- |
Hercules Exports Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
100,332,000 |
Current Liabilities |
84,249,000 |
|
Inventories |
46,863,000 |
Long-term Liabilities |
85,352,000
|
|
Fixed Assets |
80,904,000 |
Other Liabilities |
2,395,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
171,996,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
54,253,000 |
|
|
|
Net Worth |
56,103,000 |
|
Total Assets |
228,099,000 |
Total Liab. & Equity |
228,099,000 |
|
Total Assets (Previous Year) |
184,760,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales (Gross Receipts) |
450,030,000 |
Net Profit |
28,374,000 |
|
Sales (Gross Receipts) |
373,755,000 |
Net Profit(Prev.yr) |
13,006,000 |
|
Report Date : |
29.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
HERCULES PIGMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
402, Peninsula Heights, C D Barfiwala Marg, Juhu Lane, Andheri (West),
Mumbai – 400061, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.05.2007 |
|
|
|
|
Com. Reg. No.: |
11-171238 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.850 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH2007PTC171238 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH10656C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH8689Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing
and Marketing of Organic and Inorganic Pigments |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 224400 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
The company is doing well. Trade relations are reported as fair. Business is
active. Payments are reported to be usually correct. 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Bank Rating BB+ |
|
Rating Explanation |
Having moderate risk of default regarding timely
servicing of financial obligation |
|
Date |
August, 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.
LOCATIONS
|
Registered Office : |
402, Peninsula Heights, C D Barfiwala Marg, Juhu Lane, Andheri (West),
Mumbai – 400061, Maharashtra, India |
|
Tel. No.: |
91-22-26248426/ 26252235/ 42435353 |
|
Fax No.: |
91-22-26249393 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 Sq.ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.316-B, Phase 2, GIDC, Vapi – 396195, Gujarat, India |
|
Tel No.: |
91-260-2421836 |
|
E-Mail : |
|
|
|
|
|
Corporate Office
: |
C – 3 Tatnadeep 140/141 S.V. Road, Andheri (West), Mumbai – 400058,
Maharashtra, India |
|
Tel. No.: |
91-22-26248426/ 26252235 |
|
Fax No.: |
91-22-26249393 |
DIRECTORS
As on 15.09.2012
|
Name : |
Mr. Anupam Babubhai Desai |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Ramna Falia, Dhamdachha, Taluka Gandevi, District Navsari, Navsari –
396360, Gujarat, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.10.1962 |
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|
Date of Appointment : |
31.05.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02081417 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Swetal Narendra Desai |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
214/215, Ramzarukha, S V Road, Andheri (West), Mumbai – 400058,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.05.1978 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.05.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00260469 |
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|
Other Directorship :
|
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|
|
|
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|
Name : |
Mrs. Vatsala Narendra Desai |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
214/215, Ramzarukha, S V Road, Andheri (West), Mumbai – 400058,
Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
24.02.1950 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
31.05.2007 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00260673 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vatsala Narendra Desai |
108500 |
|
Swetal Narendra Desai |
74500 |
|
Anupam Babubhai Desai |
2000 |
|
Total |
185000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
59.73 |
|
Other top fifty shareholders |
40.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing
and Marketing of Organic and Inorganic Pigments |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Licensed Capacity |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Pigments |
Not Applicable |
1200 m. tones
p.a. |
1,087,491 |
GENERAL INFORMATION
|
No. of Employees : |
30 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
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|
Bankers : |
· Citi Bank N. A., Trent House, 2nd Floor, G Block, Plot No.C-60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051,Maharashtra, India · ICICI Bank Limited · Kotak Mahindra Prime Limited
· Citi Bank |
||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking Relations
: |
-- |
||||||||||
|
|
|
||||||||||
|
Auditors : |
|
||||||||||
|
Name : |
A. P. Doshi and Company Chartered Accountant |
||||||||||
|
Address : |
201, Bhaveshwar Complex, Vidyavihar (West), Mumbai – 400086,
Maharashtra, India |
||||||||||
|
Tel No.: |
91-22-25146854/ 55 |
||||||||||
|
Email : |
|||||||||||
|
PAN.: |
AARFA0281E |
||||||||||
|
|
|
||||||||||
|
Related Parties : |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
185000 |
Equity Shares |
Rs.10/- each |
Rs. 1.850
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 |
1.850 |
1.850 |
1.850 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
54.253 |
34.479 |
25.802 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
56.103 |
36.329 |
27.652 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
52.539 |
63.672 |
40.737 |
|
|
2] Unsecured Loans |
32.813 |
19.160 |
23.254 |
|
|
TOTAL BORROWING |
85.352 |
82.832 |
63.991 |
|
|
DEFERRED TAX LIABILITIES |
2.395 |
1.842 |
1.886 |
|
|
|
|
|
|
|
|
TOTAL |
143.850 |
121.003 |
93.529 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
80.904 |
63.549 |
57.712 |
|
|
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 |
46.863
|
25.840
|
20.512
|
|
|
Sundry Debtors |
76.310
|
59.632
|
60.073
|
|
|
Cash & Bank Balances |
0.657
|
1.978
|
4.051
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
23.365
|
33.732
|
17.801
|
|
Total
Current Assets |
147.195
|
121.182
|
102.437 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
52.648
|
52.992
|
60.254
|
|
|
Other Current Liabilities |
31.601
|
3.640
|
1.737
|
|
|
Provisions |
0.000
|
7.125
|
4.673
|
|
Total
Current Liabilities |
84.249
|
63.757
|
66.664
|
|
|
Net Current Assets |
62.946
|
57.425
|
35.773
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.029 |
0.044 |
|
|
|
|
|
|
|
|
TOTAL |
143.850 |
121.003 |
93.529 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
GROSS RECEIPTS |
450.030 |
373.755 |
318.277 |
|
|
|
|
|
|
|
|
|
Less |
EXPENDITURE FOR THE
YEAR |
407.703 |
354.134 |
301.491 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
42.327 |
19.621 |
16.786 |
|
|
|
|
|
|
|
|
|
Less |
PRELIMINARY
EXPENSES WRITTEN OFF |
0.000 |
0.015 |
0.015 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
13.953 |
6.600 |
4.574 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
28.374 |
13.006 |
12.197 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
18.729 |
10.051 |
0.018 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
8.600 |
4.328 |
2.164 |
|
|
BALANCE CARRIED
TO THE B/S |
38.503 |
18.729 |
10.051 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
153.37 |
70.30 |
65.93 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.56
|
10.62
|
10.48
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.75
|
0.54
|
0.61
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.52
|
2.28
|
2.31
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75
|
1.90
|
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 |
Yes |
|
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 |
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 |
No |
|
34] |
External Agency Rating, if available |
No |
NOTE:
The registered address of the company has been shifted from C-3,
Ratandeep, 140/141, S V Road, Andheri (West), Mumbai – 400 058, Maharashtra,
India to present w.e.f. 01.04.2010.
UNSECURED LOAN:
|
Particulars |
31.03.2012 (Rs.
In Millions) |
|
Loans from Directors, Shareholders and their relatives |
32.813 |
|
|
|
|
Total |
32.813 |
|
Particulars |
31.03.2011 (Rs. In Millions) |
|
|
|
|
From Directors, Shareholders and their relatives |
19.160 |
|
Inter-corporate Deposits |
-- |
|
|
|
|
Total |
19.160 |
BANKER CHARGES
REPORT AS PER REGISTRY:
|
Corporate
identity number of the company |
U24100MH2007PTC171238 |
|
Name of the
company |
Hercules Pigments Private Limited |
|
Address of the
registered office or of the principal place of business in |
402,Peninsula Heights,
C. D. Barfiwala Marg, Juhu Lane, Andheri West, Mumbai – 400058, Maharashtra,
India E Mail - info.apdoshi@gmail.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be
modified |
10329883 |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
Citi Bank N. A., Trent House, 2nd Floor, G Block, Plot No.C-60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051,Maharashtra, India |
|
Nature of
instrument creating charge |
Deed
of Modification. |
|
Date of
instrument Creating the charge |
30.06.2012 |
|
Amount secured by
the charge |
Rs. 75.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
interest: Interest to be charged at such rate/s as may be determined by the Bank
from time to time. Term
of Payment: On demand. Margin: As may be stipulated
by the Bank from time to time. Extent and
operation of the charge: Hypothecation of Current Assets and Movable fixed
assets on First Pari passu charge to Citibank NA more particularly described
in Column No.15 as security with Bank, as security for the repayment of the
loan together with all interest, liquidated damages, premia on prepayment or
on redemption, costs, charges and other expenses payable by Company to
Citibank N.A. Others: The
charge created herein for Fund Based & Non Fund Based facility of Rs.65.000 millions
and Rs.10.000 millions respectively in favour of Citibank shall rank Pari
Passu First charge basis over Current Assets and movable fixed assets of the
company with the charges created in favour of
Bank of Baroda for its Fund
Based & Non Fund Based facility of
Rs.15.000 millions and Rs.20.000 millions respectively |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
by way of First pari passu charge on Current Assets and Movable Fixed Assets
of the Company both present and future. |
|
Date of last modification prior to the present modification |
28.03.2012 |
|
Particulars of the present modification |
The charge
shall now stands increased from Rs.40.000 millions to Rs.75.000 millions, in
favour of Citibank N.A. against the security of Current Assets & Movable
Fixed Assets (on first pari passu basis with Bank of Baroda). |
FIXED ASSETS:
· Leasehold Land
·
Air Conditioner
·
Factory Building
·
Electrical Installation
·
Motor car
·
Scooter
·
Office Equipment
·
Furniture and Fixture
·
Plant and Machinery
·
Computer
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. 55.74 |
|
|
1 |
Rs.84.17 |
|
Euro |
1 |
Rs.72.03 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
NO |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.