MIRA INFORM REPORT
|
Report Date : |
31.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHRENO LIMITED (w.e.f. 19.09.2006) |
|
|
|
|
Formerly Known
As : |
ALEMBIC GLASS INDUSTRIES LIMITED |
|
|
|
|
Registered
Office : |
Alembic Road, Vadodara – 390003, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.12.1944 |
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|
|
|
Com. Reg. No.: |
04-000345 |
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|
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|
Capital
Investment / Paid-up Capital : |
Rs.340.138 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26100GJ1944PLC000345 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDA00794D BRDS01611B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA7953Q |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Fabrication and Manufacturing of Machinery and Equipments. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 4160000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Company has been incurring losses from past some years which has deteriorated
the reserves during 2012. Trade relations are fair. Business is active. Payments are slow but
correct. 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 |
ICRA |
|
Rating |
BBB- (Stable): Long Term, Fund Based
Facilities |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
March 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A3+ : Short Term, Non Fund Based Facilities |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
March 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.
INFORMATION DENIED
Management Non Co-Operative (91-265-2280550)
LOCATIONS
|
Registered Office : |
Alembic Road, Vadodara – 390003, Gujarat, India |
|
Tel. No.: |
91-265-2280550 |
|
Fax No.: |
91-265-2281229 |
|
E-Mail : |
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|
Website : |
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|
Sales Office / Factory 1 : |
3/23-24, Gorwa Industrial Estate, Vadodara - 390003, Gujarat, India |
|
Tel. No.: |
91-265-2282284 |
|
Fax No.: |
91-265-2280569 |
|
E-Mail : |
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|
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|
Factory 2 : |
4/22-23, Gorwa Industrial Estate, Vadodara - 390003, Gujarat, India |
|
Tel. No.: |
91-265-2280190 |
|
Fax No.: |
91-265-2285893 |
|
E-Mail : |
DIRECTORS
As on: 27.09.2012
|
Name : |
Chirayu Ramanbhai Amin |
|
Designation : |
Director |
|
Address : |
F-10/195, Race Course Circle, Gotri Road, Vadodara - 390007, Gujarat,
India |
|
Date of Birth/Age : |
04.12.1946 |
|
Date of Appointment : |
22.05.1969 |
|
PAN No.: |
ABMPA5729P |
|
DIN No.: |
00242549 |
|
|
|
|
Name : |
Ms. Malika Chirayu Amin |
|
Designation : |
Director |
|
Address : |
F-10/195, Race Course Circle, Gotri Road, Vadodara - 390007, Gujarat,
India |
|
Date of Birth/Age : |
22.10.1954 |
|
Date of Appointment : |
25.10.2005 |
|
PAN No.: |
ABMPA5730G |
|
DIN No.: |
00242613 |
|
|
|
|
Name : |
Ms. Yeraben Ramanbhai Amin |
|
Designation : |
Director |
|
Address : |
F-10/195, Race Course Circle, Gotri Road, Vadodara - 390007, Gujarat,
India |
|
Date of Birth/Age : |
12.01.1952 |
|
Date of Appointment : |
17.02.1995 |
|
PAN No.: |
ABMPA5733F |
|
DIN No.: |
00245648 |
|
|
|
|
Name : |
Mr. Mayur Dilipsingh Jadeja |
|
Designation : |
Director |
|
Address : |
12, Suvernpuri Society, Jatalpurr Road, Vadodara - 390007, Gujarat,
India |
|
Date of Birth/Age : |
09.11.1955 |
|
Date of Appointment : |
06.01.2012 |
|
DIN No.: |
00799518 |
|
|
|
|
Name : |
Chitta Ranjan Mukherjee |
|
Designation : |
Director |
|
Address : |
202/203, Balaji Arcade,Beside New Petrol Pump, Near Rajesh Tower,
Vadodara - 390017, Gujarat, India |
|
Date of Birth/Age : |
|
|
Date of Appointment : |
30.03.2012 |
|
DIN No.: |
00439613 |
|
|
|
|
Name : |
Mr. Nitin Bhave |
|
Designation : |
Additional Director |
|
Address : |
101, Yogin Flats, 63 Suvarnapuri Society, Jetalpur Road, Vadodara –
390007, Gujarat, India |
|
Date of Birth/Age : |
11.05.1963 |
|
Date of Appointment : |
01.10.2012 |
|
DIN No.: |
00516421 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2012
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2012
|
Category |
|
Percentage |
|
Nationalised or other banks |
|
0.02 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
0.05 |
|
Bodies corporate |
|
35.31 |
|
Directors or relatives of directors |
|
59.58 |
|
Other top fifty shareholders |
|
1.62 |
|
Others |
|
3.42 |
|
Total
|
|
100.000 |
BUSINESS DETAILS
|
Line of Business : |
Fabrication and Manufacturing of Machinery and Equipments. |
||||||
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity# |
Installed
Capacity* |
Actual
Production |
|
Glass-ware |
MT |
0.61 |
0.51 |
0.159 |
|
Bottle making machines |
-- |
5 |
-- |
1 |
|
Glass Feeders
with forehearth & Gob Feeding Machine |
-- |
7 |
-- |
1 |
|
Process Unit Equipments |
Nos. |
-- |
-- |
111 |
|
Others - Engg Division |
-- |
-- |
-- |
14861 |
(A)
# under Original Registration
(B)
* Installed capacity is unascertainable, as it is dependent
on production programme, which varies accordingly to pattern of products
demand-as certified by director and being a technical matter accepted by the
Auditors as correct.
(C)
In addition to above the Company has manufacturing
licences for following class of goods, in respect of which no activities have
been carried out during the current year:
|
Class of Goods |
Unit |
31.03.2011 |
|
Pressware Machines |
Nos. |
2 |
|
Decorating Machines |
Nos. |
8 |
|
Stackers |
Nos. |
10 |
|
Annealing Lehrs |
Nos. |
7 |
|
Decorating Lehrs |
Nos. |
2 |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India |
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Facilities : |
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|
|
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
K. C. Mehta and
Company Chartered Accountants |
|
Address : |
2nd Floor ,
Meghdhanush, Race Cource , Vadodara - 390 007, Gujarat, India |
|
PAN No.: |
AAPFK1558J |
|
|
|
|
Associates: |
CIN No.:
L24230GJ2010PLC061123
CIN No.: L26100GJ1907PLC000033
CIN No.:
L51909GJ1972PLC044638
CIN No.:
U51909KA1971PTC002124
CIN No.:U24230KA1985PTC007292
CIN No.: U25200GJ1982PLC005755
CIN No.:
U70109GJ1988PLC044681 |
|
|
|
|
Subsidiary company: |
CIN No.:U45102GJ2004PLC044463
CIN No.:U21098DL2007PLC166960 |
CAPITAL STRUCTURE
After: 27.09.2012
Authorised Capital : Rs.650.000
Millions
Issued, Subscribed & Paid-up Capital : Rs.570.415 Millions
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.100/- each |
Rs.200.000 Millions |
|
1900000 |
Redeemable Non-convertible Preference Share |
Rs.100/- each |
Rs.190.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.390.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1501384 |
Equity Shares |
Rs.100/-
each |
Rs.150.138
Millions |
|
1900000 |
Redeemable Non-convertible Preference Share |
Rs.100/- each |
Rs.190.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.340.138 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 |
340.138 |
340.138 |
340.138 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
701.772 |
743.789 |
696.907 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(129.096) |
|
|
NETWORTH |
1041.910 |
1083.927 |
907.949 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
532.662 |
378.383 |
93.772 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
344.600 |
|
|
TOTAL BORROWING |
532.662 |
378.383 |
438.372 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1574.572 |
1462.310 |
1346.321 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
624.790 |
589.070 |
280.726 |
|
|
Capital work-in-progress |
8.748 |
7.087 |
78.710 |
|
|
|
|
|
|
|
|
INVESTMENT |
263.460
|
344.907 |
344.907 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
888.953
|
652.806 |
343.125 |
|
|
Sundry Debtors |
140.842
|
121.148 |
106.014 |
|
|
Cash & Bank Balances |
20.962
|
37.469 |
18.365 |
|
|
Other Current Assets |
2.788
|
2.861 |
0.000 |
|
|
Loans & Advances |
403.687
|
298.807 |
505.118 |
|
Total
Current Assets |
1457.232
|
1113.091 |
972.622 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
156.483
|
134.854 |
124.045 |
|
|
Other Current Liabilities |
610.477
|
445.791 |
198.077 |
|
|
Provisions |
12.698
|
11.200 |
8.522 |
|
Total
Current Liabilities |
779.658
|
591.845 |
330.644 |
|
|
Net Current Assets |
677.574
|
521.246 |
641.978 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1574.572 |
1462.310 |
1346.321 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1285.738 |
1128.980 |
2036.961 |
|
|
|
Other Income |
21.167 |
43.811 |
73.535 |
|
|
|
TOTAL (A) |
1306.905 |
1172.791 |
2110.496 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of
materials consumed |
284.805 |
243.970 |
|
|
|
|
Purchases of
stock-in-trade |
169.933 |
69.203 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(87.836) |
(53.266) |
|
|
|
|
Employee benefit
expense |
213.558 |
201.871 |
|
|
|
|
Other expenses |
663.126 |
629.792 |
|
|
|
|
Exceptional
items |
6.000 |
0.000 |
|
|
|
|
TOTAL (B) |
1249.586 |
1091.570 |
1748.599 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
57.319 |
81.221 |
361.897 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
60.550 |
49.089 |
41.672 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
(3.231) |
32.132 |
320.225 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
39.574 |
26.646 |
22.520 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE TAX (E-F) (G) |
(42.805) |
5.486 |
297.705 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.788) |
29.263 |
50.058 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER TAX (G-H) (I) |
(42.017) |
(23.777) |
247.647 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(152.873) |
(129.096) |
(376.743) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(194.890) |
(152.873) |
(129.096) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
3.178 |
10.302 |
37.659 |
|
|
TOTAL EARNINGS |
3.178 |
10.302 |
37.659 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
17.724 |
28.302 |
|
|
|
Stores & Spares |
NA |
15.666 |
1.042 |
|
|
|
Capital Goods |
NA |
12.124 |
63.451 |
|
|
TOTAL IMPORTS |
NA |
45.514 |
92.795 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(37.51) |
(25.36) |
155.42 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(3.22)
|
(2.03) |
11.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(3.33)
|
0.49 |
14.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.94)
|
0.49 |
30.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.04)
|
0.01 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.51
|
0.35 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87
|
1.88 |
2.94 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors |
156.483
|
134.854 |
124.045 |
|
|
|
|
|
|
Total |
156.483
|
134.854 |
124.045 |
|
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 |
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 |
Yes |
OPERATIONS:
The total income
for the year ended on 31st March, 2012 was Rs. 1306.900 Millions as compared to
Rs. 1172.800 Millions for the previous financial year ended on 31st March,
2011. The Profit before Depreciation, Interest and Tax was Rs. 57.300 Millions
for the year as compared to Profit of Rs. 81.200 Millions for the previous
year. The Net Loss after tax for the year was Rs. 42.000 Millions as compared
to the Net Loss of Rs. 23.800 Millions during previous year.
The Company has
launched its real estate project for residential use in Vadodara in the
previous year. A total of 240 units have been booked upto 31st March, 2012.
However, since the project expenses upto 31st March, 2012 was less than
threshold limit, no revenue or profit has been recognized.
In view of carried
forward losses, your Directors do not recommend dividend for the year ended on
31st March, 2012.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration
number of the company |
U26100GJ1944PLC000345 |
|
Name of the
company |
SHRENO LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
Alembic Road,
Vadodara – 390003, Gujarat, India E-Mail: charandeep.singh@alembic.co.in
|
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of charge
holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India E-mail: shareholders@yesbank.in
|
|
Nature of
instrument creating charge |
Deed of
hypothecation secured by way of first pari passu hypothecation charge on
movable fixed assets. |
|
Date of
instrument Creating the charge |
19.03.2013 |
|
Amount secured by
the charge |
Rs.250.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest 11.50% p.a.
payable monthly. Interest rate shall remain fixed for the first year. Pricing
reset - Interest rate would be reset at the time of put/call option which can
be split. Terms of
Repayment Repayment in 10
equal Quarterly installments after a moratorium of 6 months from the date of
first disbursement. Margin Nil Extent and
Operation of the charge First pari passu
hypothecation charge on movable fixed assets. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The whole of the
moveable fixed assets including plant and machinery of the company located at
vadodara, anywhere in India. |
FIXED ASSETS
- Land
- Buildings
- Plant and
equipment
- Furniture and
fixtures
- Vehicles
- 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.56.10 |
|
|
1 |
Rs.83.13 |
|
Euro |
1 |
Rs.72.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
VRN/ KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.