|
Report Date : |
08.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
AVS INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
58, Manvihar Colony, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.12.2006 |
|
|
|
|
Com. Reg. No.: |
20-32652 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.499
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19116UP2006PTC032652 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Footwear. |
|
|
|
|
No. of Employees
: |
18 [In Office 4 and In Factory 14] Approximately |
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
rating takes into consideration the modest net worth marked by small scale
operation. The borrowings of the company also seem to be increasing. However, trade relations are reported as fair. Business is active.
Payments are reported to be 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated number
of jobs created during the second quarter of the current financial year. 50000
estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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. Vijay Tomar |
|
Designation : |
Chief Managing Director |
|
Contact No.: |
91-9997016488 |
|
Date : |
06.11.2013 |
LOCATIONS
|
Registered / Corporate Office : |
58, Manvihar Colony, |
|
Tel. No.: |
91-562-2482725 / 4040200 |
|
Mobile No.: |
91-9997016488 [Chief Managing Director] |
|
Fax No.: |
91-562-4033547 |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Rented |
|
|
|
|
Factory: |
32/76, Mauja Bag, Rajpur, Shamshabad Road, Agra-282001, Uttar Pradesh,
India |
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Vijay Tomar |
||||||||||||||||||||||||||||||||
|
Designation : |
Chief Managing Director |
||||||||||||||||||||||||||||||||
|
Address : |
58, Manvihar Colony, |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.08.1965 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
04.02.2011 |
||||||||||||||||||||||||||||||||
|
Din No.: |
03405907 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Kamlesh Kumari Tomar |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
58, Manvihar Colony, |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.09.1947 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.12.2006 |
||||||||||||||||||||||||||||||||
|
Din No.: |
02684748 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||
|
Name : |
Mr. Kushalpal Singh Tomar |
||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||
|
Address : |
58, Manvihar Colony, |
||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.01.1938 |
||||||||||||||||||||||||||||||||
|
Date of Appointment : |
19.12.2006 |
||||||||||||||||||||||||||||||||
|
Din No.: |
02684752 |
||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Kushalpal Singh Tomar |
|
500 |
|
Kamlesh Kumari Tomar |
|
1500 |
|
Devika Tomar |
|
4990 |
|
Malika Tomar |
|
5000 |
|
Vijay Tomar |
|
19000 |
|
|
|
|
|
TOTAL
|
|
30990 |
AS ON 30.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Footwear. |
|
|
|
|
Agencies Held : |
·
Santabaron Ventures Limited, Ghana ·
Cosmic Technologies Private Limited, Sri Lanka |
|
|
|
|
Exports : |
|
|
Products : |
Footwear and Army Boot |
|
Countries : |
·
Ghana ·
Sri Lanka ·
France ·
Dubai |
|
|
|
|
Terms : |
|
|
Selling : |
LC and Credit |
|
|
|
|
Purchasing : |
Credit |
PRODUCTION STATUS [AS ON 31.03.2013]
|
Particulars |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
Army Shoes and Boot |
3000 Pair/Month |
2000 Pair/Month |
GENERAL INFORMATION
|
Customers : |
Retailers |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
18 [In Office 4 and In Factory 14] Approximately |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank, Shahzadi Mandi Branch, Agra
– 282006, Uttar Pradesh, India ·
Bank of India, Sanjay Place, Agra, Uttar Pradesh,
India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Srivastava Jain and Company Chartered Accountants |
|
Address : |
40-MMIG, Nehru Enclave, |
|
Mobile No.: |
91-9719106424/ 9557590001 |
|
Email: |
|
|
PAN No: |
ABOFS8311D |
|
|
|
|
Sister Concern : |
·
MDS Leather
Private Limited Address:
32/76,
Mauja Bag, Rajpur, Shamshabad Road, Agra-282001, Uttar Pradesh, India Line
of Business: Footwear. |
CAPITAL STRUCTURE
AS ON 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
30990 |
Equity Shares |
Rs.100/-
each |
Rs.3.099
Millions |
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
54990 |
Equity Shares |
Rs.100/-
each |
Rs.5.499
Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.499 |
3.099 |
3.099 |
|
(b) Reserves & Surplus |
1.331 |
0.170 |
0.114 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
2.400 |
0.300 |
|
Total Shareholders’ Funds (1) + (2) |
6.830 |
5.669 |
3.513 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
1.529 |
2.280 |
2.761 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
1.529 |
2.280 |
2.761 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
14.099 |
6.443 |
7.080 |
|
(b)
Trade payables |
16.670 |
8.848 |
10.637 |
|
(c)
Other current liabilities |
0.418 |
0.146 |
0.223 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
31.187 |
15.437 |
17.940 |
|
|
|
|
|
|
TOTAL |
39.546 |
23.386 |
24.214 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
5.040 |
5.535 |
6.007 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.350 |
0.350 |
0.000 |
|
(c) Deferred tax
assets (net) |
0.027 |
0.001 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.059 |
0.695 |
0.098 |
|
Total Non-Current
Assets |
5.476 |
6.581 |
6.105 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
8.008 |
8.549 |
9.137 |
|
(c)
Trade receivables |
19.981 |
0.887 |
3.742 |
|
(d) Cash
and cash equivalents |
0.685 |
0.636 |
0.213 |
|
(e)
Short-term loans and advances |
5.396 |
6.733 |
5.017 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
34.070 |
16.805 |
18.109 |
|
|
|
|
|
|
TOTAL |
39.546 |
23.386 |
24.214 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
41.179 |
30.209 |
20.557 |
|
|
|
Other Income |
0.662 |
1.315 |
1.614 |
|
|
|
TOTAL (A) |
41.841 |
31.524 |
22.171 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock in Trade |
23.623 |
23.843 |
16.439 |
|
|
|
Employee Benefits Expenses |
5.729 |
1.123 |
2.928 |
|
|
|
Other Expenses |
9.205 |
3.069 |
2.822 |
|
|
|
Change in Inventories of Finished Goods, Work in Progress and Stock in
Trade |
0.540 |
0.588 |
(2.108) |
|
|
|
TOTAL (B) |
39.097 |
28.623 |
20.081 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2.744 |
2.901 |
2.090 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.412 |
1.707 |
1.306 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.332 |
1.194 |
0.784 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.955 |
1.063 |
0.688 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.377 |
0.131 |
0.096 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.117 |
0.040 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.260 |
0.091 |
0.096 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.74 |
2.92 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.62
|
0.29 |
0.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.92
|
0.43 |
0.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.96
|
0.57 |
0.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.02 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.29
|
1.54 |
2.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.09 |
1.00 |
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 |
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 |
Yes |
|
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] |
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 |
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY.
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
From Other Parties |
0.148 |
0.000 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Advances From Customers |
4.466 |
0.000 |
|
TOTAL
|
4.614 |
0.000 |
FIXED ASSETS:
·
Laptop
·
Computer
·
Printer
·
Air Conditioner
·
Inverter
·
Mobile
·
Office Equipment
·
Samples and Design
·
Scooter
·
Shoe Last
·
Building
·
Furniture and Fixture
·
Plant and Machinery
TRADE REFERENCES:
·
Anaam Trading Company
·
Kailash Rubber Industries
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT OF MR.
KUSHAL PAL SINGH TOMAR
(RS. IN MILLIONS)
|
PARTICULAR |
AMOUNT |
|
ASSETS |
|
|
FIXED ASSES |
|
|
Agri Land at Aligarh 17.50 Bigha |
17.500 |
|
Scooter |
0.050 |
|
Shares in AVS International Private Limited |
0.150 |
|
Share in MDS Leathers Private Limited |
0.005 |
|
|
|
|
CURRENT ASSETS |
|
|
Deposits and Receivables |
1.300 |
|
Cash and Bank Balances |
0.095 |
|
|
|
|
NET WORTH |
19.100 |
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT OF MRS.
KAMLESH KUMARI TOMAR
(RS. IN MILLIONS)
|
PARTICULAR |
AMOUNT |
|
ASSETS |
|
|
FIXED ASSES |
|
|
Jewellery |
1.200 |
|
|
|
|
INVESTMENTS |
|
|
Shares in AVS International Private Limited |
0.050 |
|
|
|
|
CURRENT ASSETS |
|
|
Deposits and Receivables |
0.850 |
|
Cash and Bank Balances |
0.150 |
|
|
|
|
NET WORTH |
2.250 |
------------------------------------------------------------------------------------------------------------------------------
NET WORTH STATEMENT OF MR.
VIJAY TOMAR
(RS. IN MILLIONS)
|
PARTICULAR |
AMOUNT |
|
ASSETS |
|
|
FIXED ASSES |
|
|
Residential House |
6.000 |
|
Car |
1.500 |
|
|
|
|
INVESTMENTS |
|
|
Shares in AVS International Private Limited |
4.300 |
|
|
|
|
CURRENT ASSETS |
|
|
Cash and Bank Balance |
0.450 |
|
|
|
|
TOTAL ASSETS |
12.250 |
|
|
|
|
LIABILITIES |
|
|
Loans, Current Liabilities |
1.000 |
|
|
|
|
NET WORTH
[ASSETS – LIABILITIES] |
11.250 |
------------------------------------------------------------------------------------------------------------------------------
OPERATING STATEMENT
(RS. IN MILLIONS)
|
Particulars |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
|
PROJECTED |
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Export Sales |
51.353 |
56.488 |
62.137 |
68.351 |
75.186 |
82.705 |
|
Add: Other Revenue Income |
1.027 |
1.130 |
1.243 |
1.367 |
1.504 |
1.654 |
|
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Sales |
52.380 |
57.618 |
63.380 |
69.718 |
76.690 |
84.359 |
|
|
|
|
|
|
|
|
|
% age rise (+) or fall (-)
in net sales compared to previous year (annualized) |
2.519 |
1.000 |
1.000 |
1.000 |
1.000 |
1.000 |
|
|
|
|
|
|
|
|
|
Export Incentives |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Sales |
|
|
|
|
|
|
|
a) Raw Materials (including
stores) |
|
|
|
|
|
|
|
- Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Indigenous |
30.416 |
35.482 |
39.096 |
43.104 |
47.544 |
52.461 |
|
|
|
|
|
|
|
|
|
b) Other Spares |
|
|
|
|
|
|
|
- Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
- Indigenous |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
c) Power and Fuel |
0.443 |
0.483 |
0.523 |
0.563 |
0.603 |
0.643 |
|
d) Direct Labour |
3.555 |
3.877 |
4.199 |
4.521 |
4.843 |
5.165 |
|
e) Repair and maintenance |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
f) Other manufacturing
expenses/ research and development cost |
0.616 |
0.682 |
0.759 |
0.847 |
0.948 |
1.063 |
|
g) Depreciation |
0.797 |
0.647 |
0.596 |
0.483 |
0.396 |
0.329 |
|
|
|
|
|
|
|
|
|
Sub-Total |
35.827 |
41.171 |
45.173 |
49.518 |
54.335 |
59.661 |
|
|
|
|
|
|
|
|
|
Add: Opening Stock in
process |
1.589 |
0.968 |
1.065 |
1.171 |
1.288 |
1.417 |
|
|
|
|
|
|
|
|
|
Sub Total |
37.416 |
42.139 |
46.238 |
50.689 |
55.623 |
61.078 |
|
|
|
|
|
|
|
|
|
Less: Closing stock in
process |
0.968 |
1.065 |
1.171 |
1.288 |
1.417 |
1.559 |
|
|
|
|
|
|
|
|
|
Sub-Total (Cost of
Production) |
36.448 |
41.074 |
45.067 |
49.400 |
54.206 |
59.519 |
|
|
|
|
|
|
|
|
|
Add: Opening Stock of
Finished Goods |
4.019 |
3.209 |
3.530 |
3.883 |
4.272 |
4.699 |
|
Subtotal |
40.466 |
44.284 |
48.597 |
53.284 |
58.477 |
64.218 |
|
|
|
|
|
|
|
|
|
Less: Closing Stock of
Finished Goods |
3.209 |
3.530 |
3.883 |
4.272 |
4.699 |
5.169 |
|
|
|
|
|
|
|
|
|
Sub-Total (Cost of Sales) |
37.257 |
40.753 |
44.714 |
49.012 |
53.779 |
59.049 |
|
|
|
|
|
|
|
|
|
Selling, general and
administrative Expenses |
12.852 |
14.445 |
16.040 |
17.637 |
19.236 |
20.836 |
|
Sub-Total |
50.109 |
55.198 |
60.754 |
66.649 |
73.015 |
79.885 |
|
|
|
|
|
|
|
|
|
Operating Profit |
2.271 |
2.419 |
2.626 |
3.069 |
3.676 |
4.473 |
|
|
|
|
|
|
|
|
|
Interest |
0.977 |
0.873 |
0.873 |
0.873 |
0.873 |
0.873 |
|
|
|
|
|
|
|
|
|
Operating profit after
interest |
1.294 |
1.546 |
1.753 |
2.196 |
2.803 |
3.600 |
|
|
|
|
|
|
|
|
|
Others |
0.020 |
0.020 |
0.019 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Net of other non-operating
income/expenses |
(0.020) |
(0.020) |
(0.019) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Profit before tax/Loss |
1.274 |
1.526 |
1.734 |
2.196 |
2.803 |
3.600 |
|
|
|
|
|
|
|
|
|
Less: Provision for taxes |
0.394 |
0.472 |
0.536 |
0.679 |
0.866 |
1.112 |
|
|
|
|
|
|
|
|
|
Net Profit (10-11) |
0.880 |
1.055 |
1.198 |
1.517 |
1.937 |
2.488 |
|
|
|
|
|
|
|
|
|
Retained Profit |
0.880 |
1.055 |
1.198 |
1.517 |
1.937 |
2.488 |
|
|
|
|
|
|
|
|
|
Retained Profit/Net Profit
(% age) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS
OF BALANCE SHEET
(RS. IN MILLIONS)
|
Particulars |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
|
PROJECTED |
|||||
|
|
|
|
|
|
|
|
|
CURRENT
LIABILITIES |
|
|
|
|
|
|
|
Short – Term borrowings from banks [including bill
purchased, discounted and excess borrowings placed on repayment basis] |
|
|
|
|
|
|
|
From applicant Banks |
9.700 |
9.700 |
9.700 |
9.700 |
9.700 |
9.700 |
|
From Other Banks |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Of which BP and BD |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sub
Total (A) |
9.700 |
9.700 |
9.700 |
9.700 |
9.700 |
9.700 |
|
|
|
|
|
|
|
|
|
Short Term Borrowings from others |
5.843 |
6.427 |
7.070 |
7.777 |
8.554 |
9.410 |
|
Sundry creditors [Trade] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Sundry creditors [Expenses] |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Advance payments from customers/ deposits from dealers |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provision of taxes |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Dividend Payable |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Statutory Liabilities (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Deposits/ Installments of Term/ loans/DPGs/Debentures etc.
(Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other current liabilities and provision (Due within one year) |
0.500 |
0.600 |
0.700 |
0.800 |
0.900 |
1.000 |
|
|
|
|
|
|
|
|
|
Sub
– Total (B) |
6.343 |
7.027 |
7.770 |
8.577 |
9.454 |
10.410 |
|
|
|
|
|
|
|
|
|
TOTAL
CURRENT LIABILITIES |
16.043 |
16.727 |
17.470 |
18.277 |
19.154 |
20.110 |
|
|
|
|
|
|
|
|
|
TERM
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debentures (Not Maturing within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Unsecured Loans from Directors (Redeemable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Term Loans (Excluding Installment) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Deferred Installment (Due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Term deposit (repayable after one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Other Term Liabilities |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL
TERM LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
TOTAL
OF OUTSIDE LIABILITIES |
16.043 |
16.727 |
17.470 |
18.277 |
19.154 |
20.110 |
|
|
|
|
|
|
|
|
|
NET
WORTH |
|
|
|
|
|
|
|
Share Capital Account |
5.499 |
5.499 |
5.499 |
5.499 |
5.499 |
5.499 |
|
General Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Shares Premium Account |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Surplus (+) or deficit (-) in Profit and Loss Account others (Specify)
|
1.309 |
2.364 |
3.562 |
5.080 |
7.016 |
9.504 |
|
Differed Tax Liability |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Less: Revolution Reserve |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Capital Subsidy |
0.901 |
0.901 |
0.901 |
0.901 |
0.901 |
0.901 |
|
Unsecured Loan (Quashi Capital) |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
0.500 |
|
|
|
|
|
|
|
|
|
NET WORTH |
8.209 |
9.264 |
10.462 |
11.980 |
13.916 |
16.404 |
|
|
|
|
|
|
|
|
|
TOTAL LIABILITIES |
24.252 |
25.991 |
27.932 |
30.256 |
33.071 |
36.514 |
|
|
|
|
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
CURRENT
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Bank Balance |
0.223 |
0.519 |
1.005 |
1.564 |
2.333 |
3.448 |
|
|
|
|
|
|
|
|
|
Fixed deposit with bank |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Receivable Other than Exports |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Installment of deferred receivable (due within one year) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Export receivables (include bills purchase and discounted
by banks) |
4.279 |
4.707 |
5.178 |
5.696 |
6.266 |
6.892 |
|
|
|
|
|
|
|
|
|
INVENTORY: |
11.217 |
12.339 |
13.573 |
14.930 |
16.423 |
18.065 |
|
Raw materials
(including stores and other item used in the process of manufacturing) |
7.040 |
7.744 |
8.518 |
9.370 |
10.307 |
11.338 |
|
Imported |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous |
7.040 |
7.744 |
8.518 |
9.370 |
10.307 |
11.338 |
|
|
|
|
|
|
|
|
|
Stock – in – process |
0.968 |
1.065 |
1.171 |
1.288 |
1.417 |
1.559 |
|
Finished Goods |
3.209 |
3.530 |
3.883 |
4.272 |
4.699 |
5.169 |
|
|
|
|
|
|
|
|
|
Other Consumable Spares |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Imported Consumables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Indigenous Consumables |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Advance to Suppliers of Raw materials and stores and
spares |
3.300 |
3.600 |
3.900 |
4.200 |
4.500 |
4.800 |
|
Advances Payments Taxes |
0.600 |
0.660 |
0.726 |
0.799 |
0.878 |
0.966 |
|
Other current assets |
0.600 |
0.660 |
0.726 |
0.799 |
0.878 |
0.966 |
|
|
|
|
|
|
|
|
|
TOTAL
CURRENT ASSETS |
19.620 |
21.826 |
24.382 |
27.189 |
30.400 |
34.172 |
|
|
|
|
|
|
|
|
|
FIXED
ASSETS |
|
|
|
|
|
|
|
Gross Block |
7.906 |
8.106 |
8.106 |
8.106 |
8.106 |
8.106 |
|
Depreciation to date |
3.663 |
4.310 |
4.906 |
5.389 |
5.785 |
6.114 |
|
|
|
|
|
|
|
|
|
NET
BLOCK |
4.243 |
3.796 |
3.200 |
2.717 |
2.321 |
1.992 |
|
|
|
|
|
|
|
|
|
Investment/ books debts/ advances/ exposits which are not
current assets |
0.350 |
0.350 |
0.350 |
0.350 |
0.350 |
0.350 |
|
Investment in subsidiary company |
0.350 |
0.350 |
0.350 |
0.350 |
0.350 |
0.350 |
|
Others Investment |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Security Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL
OTHER NON – CURRENT ASSETS |
0.350 |
0.350 |
0.350 |
0.350 |
0.350 |
0.350 |
|
|
|
|
|
|
|
|
|
Intangible assets |
0.039 |
0.019 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL
ASSETS |
24.252 |
25.991 |
27.932 |
30.256 |
33.070 |
36.514 |
------------------------------------------------------------------------------------------------------------------------------
FINANCIAL
INDICATORS
(RS. IN MILLIONS)
|
Particulars |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
|
PROJECTED |
|||||
|
|
|
|
|
|
|
|
|
Installed Capacity Quantity Net Sales Quantity |
|
|
|
|
|
|
|
Domestic Sales (Gross) |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Export Sales |
51.353 |
56.488 |
62.137 |
68.351 |
75.186 |
82.705 |
|
Net Sales (Value) |
52.380 |
57.618 |
63.380 |
69.718 |
76.690 |
84.359 |
|
|
|
|
|
|
|
|
|
Operating Profit |
1.294 |
1.546 |
1.753 |
2.196 |
2.803 |
3.600 |
|
|
|
|
|
|
|
|
|
Profit Before Tax |
1.274 |
1.526 |
1.734 |
2.196 |
2.803 |
3.600 |
|
|
|
|
|
|
|
|
|
PBT/Sales (%) |
2.43 |
2.65 |
2.74 |
3.15 |
3.65 |
4.27 |
|
|
|
|
|
|
|
|
|
Profit After Tax |
0.880 |
1.055 |
1.198 |
1.517 |
1.937 |
2.488 |
|
|
|
|
|
|
|
|
|
Cash Accrual |
1.677 |
1.702 |
1.794 |
2.000 |
2.333 |
2.817 |
|
|
|
|
|
|
|
|
|
PBDIT |
3.048 |
3.046 |
3.203 |
3.552 |
4.072 |
4.802 |
|
|
|
|
|
|
|
|
|
Paid Up Capital |
5.499 |
5.499 |
5.499 |
5.499 |
5.499 |
5.499 |
|
|
|
|
|
|
|
|
|
TNW |
8.170 |
9.245 |
10.462 |
11.980 |
13.916 |
16.404 |
|
|
|
|
|
|
|
|
|
Adjusted TNW |
7.820 |
8.895 |
10.112 |
11.630 |
13.566 |
16.054 |
|
|
|
|
|
|
|
|
|
TOL/TNW (Times) |
1.96 |
1.81 |
1.67 |
1.53 |
1.38 |
1.23 |
|
|
|
|
|
|
|
|
|
TOL/ Adjusted TNW |
0.205 |
0.188 |
0.173 |
0.157 |
0.141 |
0.125 |
|
|
|
|
|
|
|
|
|
Current Assets |
19.620 |
21.826 |
24.382 |
27.189 |
30.400 |
34.172 |
|
|
|
|
|
|
|
|
|
Current Ratio |
1.22 |
1.30 |
1.40 |
1.49 |
1.59 |
1.70 |
|
|
|
|
|
|
|
|
|
NWC |
3.577 |
5.099 |
6.912 |
8.912 |
11.246 |
14.062 |
|
|
|
|
|
|
|
|
|
EFFICIENCY RATIOS |
|
|
|
|
|
|
|
Net Sales/TTA (Times) |
2.16 |
2.22 |
2.27 |
2.30 |
2.32 |
2.31 |
|
PBT/Total Tangible Assets (%) |
5.26 |
5.88 |
6.21 |
7.26 |
8.47 |
9.86 |
|
Operating Cost of Sales (%) |
97.53 |
97.32 |
97.23 |
96.85 |
96.35 |
95.73 |
|
Bank Finance/ Ct. Assets (%) |
49.44 |
44.44 |
39.78 |
35.68 |
31.91 |
28.39 |
|
(Inventory/Net Sales +
Receivables/Gross Sales) Days |
78.16 |
78.16 |
78.16 |
78.16 |
78.16 |
78.16 |
|
|
|
|
|
|
|
|
|
RISK RATING RELATED RATIOS |
|
|
|
|
|
|
|
TOL/TNW |
0.196 |
0.181 |
0.167 |
0.153 |
0.138 |
0.123 |
|
Current Ratio |
1.22 |
1.30 |
1.40 |
1.49 |
1.59 |
1.70 |
|
ROCE (PBDIT/TA) (%) |
12.57 |
11.72 |
11.47 |
11.74 |
12.31 |
13.15 |
|
Retained Profit/TA (%) |
3.63 |
4.06 |
4.29 |
5.01 |
5.86 |
6.81 |
|
PBDIT/Interest |
0.312 |
0.349 |
0.367 |
0.407 |
0.466 |
0.550 |
|
PAT/Operative Income (%) |
1.72 |
1.87 |
1.92 |
2.18 |
2.53 |
2.95 |
|
Net Cash Acrual/Total Debt |
1.045 |
1.017 |
1.027 |
1.094 |
1.218 |
1.401 |
|
(Inventory / Net Sales) +
(Receivables / Gross Sales) Days |
78.16 |
78.16 |
78.16 |
78.16 |
78.16 |
78.16 |
|
Gross DSCR |
2.72 |
2.94 |
3.34 |
5.34 |
0.00 |
0.00 |
------------------------------------------------------------------------------------------------------------------------------
FUND
FLOW STATEMENT
(RS. IN MILLIONS)
|
Particulars |
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
|
PROJECTED |
|||||
|
|
|
|
|
|
|
|
|
1. SOURCES |
|
|
|
|
|
|
|
a) Net profit (after tax) |
0.880 |
1.055 |
1.198 |
1.517 |
1.937 |
2.488 |
|
b) Depreciation |
0.797 |
0.647 |
0.596 |
0.483 |
0.396 |
0.329 |
|
c) Increase in capital |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
d) Increase in – Secured
Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Unsecured
Loan |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
e) Decrease in : |
|
|
|
|
|
|
|
i) Fixed Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Capital Work in
Progress |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
f) Others Non Current Assets |
0.020 |
0.020 |
0.019 |
0.000 |
0.000 |
0.000 |
|
g) Others |
0.352 |
0.001 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
h) TOTAL |
2.049 |
1.723 |
1.813 |
2.000 |
2.333 |
2.817 |
|
|
|
|
|
|
|
|
|
2. USES |
|
|
|
|
|
|
|
a) Net loss |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
b) Decrease in - Term Loans |
1.381 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Term Loans |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Public
Deposits |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
c) Increase in : |
|
|
|
|
|
|
|
i) Fixed Assets |
0.000 |
0.200 |
0.000 |
0.000 |
0.000 |
0.000 |
|
ii) Capital Work in
Progress |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
iii) Others Non Current
Assets |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
d) Dividend Payments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
e) Others |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
f) TOTAL |
1.381 |
0.200 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
3.
Long Term Surplus(+)/ deficit(-) [1-2] |
0.668 |
1.523 |
1.813 |
2.000 |
2.333 |
2.817 |
|
|
|
|
|
|
|
|
|
4. Increase/decrease
in current assets* (as per details
given below) |
(14.476) |
2.206 |
2.556 |
2.807 |
3.211 |
3.772 |
|
|
|
|
|
|
|
|
|
5.
Increase/decrease in current liabilities other than bank borrowings. |
(15.211) |
0.684 |
0.743 |
0.807 |
0.878 |
0.955 |
|
|
|
|
|
|
|
|
|
6.
Increase/decrease in Working Capital Gap. |
0.735 |
1.521 |
1.813 |
2.000 |
2.333 |
2.817 |
|
|
|
|
|
|
|
|
|
7.
Net surplus (+)/ deficit (-) (Difference of 3 & 6) |
(0.067) |
0.001 |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
8.
Increase/decrease in Bank borrowings |
0.067 |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
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 Asessment 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.62.57 |
|
|
1 |
Rs.100.63 |
|
Euro |
1 |
Rs.84.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
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 |
|
--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.