MIRA
INFORM REPORT
|
Report Date : |
28.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
DANTAL HYDRAULICS PRIVATE LIMITED |
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Registered
Office : |
B – 172, Saraswati Vihar, New Delhi – 110088 |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
01.02.1990 |
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Com. Reg. No.: |
55-39084 |
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Capital
Investment / Paid-up Capital : |
Rs.25.949 Millions |
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CIN No.: [Company Identification
No.] |
U74899DL1990PTC039084 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELD06621G |
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PAN No.: [Permanent Account No.] |
AAACD1006C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Hydraulic Cylinders and Hydraulic Systems for wide
range of applications. |
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No. of Employees
: |
700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems some continuous dip in the profitability of the company.
However, networth of the company appears to be satisfactory. Trade relations are fair. Business is active. Payment terms are
usually correct and as per commitments. 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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. Amit |
|
Designation : |
Finance Department |
|
Contact No.: |
91-124-4586804 |
|
Date : |
25.11.2013 |
LOCATIONS
|
Registered Office : |
B – 172, Saraswati Vihar, New Delhi – 110088, India |
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Tel. No.: |
91-11-26213806 |
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Fax No.: |
91-11-26476089 |
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E-Mail : |
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Website : |
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Head Office /
Corporate Office 2 / Factory1 : |
24, Udyog Vihar, Phase-IV, Gurgaon, Haryana – 122001,
India |
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Tel. No.: |
91-124-4586804 / 2347920 / 2347110 |
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Fax No.: |
91-124-2340875/ 4586822 |
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E mail: |
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Factory 2 : |
Plot No 50, Sector 3, IMT Manesher
Gurgaon-122050, Haryana, India |
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Tel. No.: |
91-124-4581800 / 2347110 |
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Fax No.: |
91-124-4369414 / 2347110 |
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E-Mail : |
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Factory 3 : |
221, KIADB Industrial Layout, 2nd Cross, 8th Main, 3rd Phase, Peenya
Industrial Area, Bangalore – 560058 Karnataka, (India) |
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Tel. No.: |
91-80-28375014/ 28375015 |
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Fax No.: |
91-80-28375016 |
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E-Mail : |
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Sales and
Services Network : |
Located at :
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DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Sanjay Talwar |
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Designation : |
Director |
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Address : |
2 South Park Apartments, Kalkaji, New Delhi – 110019, India |
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Date of Birth/Age : |
25.04.1959 |
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Date of Appointment : |
10.07.1990 |
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DIN No.: |
01066085 |
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Other Directorship:
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Name : |
Mr. Narinder Singh Bopara |
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Designation : |
Director |
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Address : |
114 Vthnpan Lok, Mayur Vihar – I, New Delhi – 110091, India |
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Date of Birth/Age : |
14.11.1963 |
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Date of Appointment : |
27.07.1993 |
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DIN No.: |
01066146 |
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Name : |
Mr. Naresh Malhotra |
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Designation : |
Director |
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Address : |
146 Nilgiri Apartments, Alarnanda, New Delhi – 110019, India |
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Date of Birth/Age : |
22.06.1957 |
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Date of Appointment : |
16.08.1994 |
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DIN No.: |
01066161 |
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Name : |
Mr. Sandeep Talwar |
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Designation : |
Director |
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Address : |
H – 44 C, Saket New Delhi – 110017, India |
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Date of Birth/Age : |
02.02.1967 |
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Date of Appointment : |
01.02.1990 |
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DIN No.: |
01066178 |
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Other Directorship:
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Name : |
Mr. Viswanath Kausik |
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Designation : |
Director |
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Address : |
Gori Apartments, Block – A, J P Nagar, Phase – II, Bangalore – 560078,
Karnataka, India |
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Date of Birth/Age : |
31.08.1948 |
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Date of Appointment : |
09.05.2002 |
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DIN No.: |
01066216 |
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KEY EXECUTIVES
|
Name : |
Mr. Amit |
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Designation : |
Finance Department |
MAJOR SHAREHOLDERS
As on 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Super Drilling Private Limited, Delhi, India |
|
148350 |
|
Sandeep Talwar |
|
53475 |
|
Poonam Talwar |
|
101225 |
|
Sanjay Talwar |
|
1491350 |
|
Naresh Malhotra |
|
144900 |
|
Narinder Singh Bopara |
|
648733 |
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Vishwanath Kausik |
|
6900 |
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Total |
|
2594933 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2013
|
Category |
Percentage |
|
Bodies corporate |
6.00 |
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Directors or relatives of Directors |
94.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Hydraulic
Cylinders and Hydraulic Systems for wide range of applications. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
UK ·
USA ·
Middle East |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
China ·
Italy |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash, Credit and Depend |
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Hydraulics Cylinders |
Nos |
Delicensed |
160000 |
128815 |
GENERAL INFORMATION
|
Suppliers : |
Jindal Saw Limited |
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Customers : |
Godrej Boyce Manufacturing Company Limited |
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No. of Employees : |
700 (Approximately) |
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Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Kuldeep And Associates Chartered Accountants |
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Address : |
S-335, Panchsheel Park, New Delhi-110017, India |
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PAN No.: |
AAGPJ4169D |
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Related Parties : |
· Super Drilling Private Limited · Dantal Engineering Private Limited CIN No.: U74899DL1995PTC068565 |
CAPITAL STRUCTURE
As on 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2594933 |
Equity Shares |
Rs.10/- each |
Rs.25.949 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 |
25.949 |
25.949 |
25.949 |
|
(b) Reserves & Surplus |
474.954 |
395.430 |
302.734 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
500.903 |
421.379 |
328.683 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
186.758 |
28.504 |
34.196 |
|
(b) Deferred tax liabilities (Net) |
10.874 |
5.531 |
5.533 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
13.722 |
19.975 |
18.516 |
|
Total Non-current Liabilities (3) |
211.354 |
54.010 |
58.245 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
84.650 |
74.945 |
13.053 |
|
(b) Trade payables |
145.291 |
157.735 |
148.831 |
|
(c) Other current
liabilities |
119.725 |
82.124 |
74.616 |
|
(d) Short-term provisions |
3.635 |
8.096 |
20.062 |
|
Total Current Liabilities (4) |
353.301 |
322.900 |
256.562 |
|
|
|
|
|
|
TOTAL |
1065.558 |
798.289 |
643.490 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
493.063 |
286.843 |
280.635 |
|
(ii) Intangible Assets |
5.918 |
3.706 |
2.829 |
|
(iii) Capital
work-in-progress |
87.040 |
44.077 |
0.000 |
|
(iv) Intangible
assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.349 |
0.024 |
0.024 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
2.457 |
0.525 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
586.370 |
337.107 |
284.013 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
127.163 |
150.046 |
130.587 |
|
(c) Trade receivables |
264.576 |
229.024 |
164.415 |
|
(d) Cash and cash
equivalents |
34.662 |
17.544 |
13.818 |
|
(e) Short-term loans and
advances |
52.032 |
63.959 |
50.324 |
|
(f) Other current assets |
0.755 |
0.609 |
0.333 |
|
Total Current Assets |
479.188 |
461.182 |
359.477 |
|
|
|
|
|
|
TOTAL |
1065.558 |
798.289 |
643.490 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.02013 |
31.03.2012 |
31.03.2011 |
||
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SALES |
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Other Income |
|
|
|
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|
|
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TOTAL |
1463.587 |
1575.913 |
1300.373 |
|
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|
|
|
|
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||
|
Less |
EXPENSES |
1350.536 |
1422.129 |
1146.541 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
113.051 |
153.784 |
153.832 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
33.527 |
53.550 |
51.039 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
79.524 |
100.234 |
102.793 |
||
|
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|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
97.011 |
122.284 |
44.282 |
|
|
|
|
Commission Earnings |
12.063 |
8.265 |
11.325 |
|
|
|
TOTAL EARNINGS |
109.074 |
130.549 |
55.607 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
42.03 |
NA |
39.61 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.43 |
6.36 |
7.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.56 |
20.46 |
23.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.36 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.54 |
0.25 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.43 |
1.40 |
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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] |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans repayable on demand from others |
12.541 |
0.000 |
|
Loans and advances from related parties |
57.900 |
0.000 |
|
Total |
70.441 |
0.000 |
PERFORMANCE OF THE
COMPANY
The company
performed well during the period under review and recorded a Net profit of
Rs.79.524 Millions. The margins of the company have not been improved in the current
financial year due to global economic slowdown and competitive market scenario.
During the year, the company has commissioned one new manufacturing facility at
IMT Manesar, Gurgaon as a backward integration of its major components being
used in the existing plant situated at IMT Manesar (Hydraulic cylinder plant).
With the new manufacturing facility, the company is expecting good quality
products for its existing and new customers located across globe. During the
year, the company has also set-up its full-fledged Export division and emphasis
will be given to explore global markets like, North America, South America,
European countries, Middle East and other Asian countries.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10427400 |
24/05/2013 |
100,000,000.00 |
Standard Chartered Bank |
H-2, CONNAUGHT PLACE, NEW
DELHI, DELHI - 110001, INDIA |
B75699702 |
|
2 |
10427134 |
25/03/2013 |
97,200,000.00 |
Standard Chartered Bank |
H-2, CONNAUGHT PLACE, NEW
DELHI, DELHI - 110001, INDIA |
B75622811 |
|
3 |
10386425 |
12/11/2012 |
150,000,000.00 |
INDUSIND BANK LIMITED |
Dr. Gopal Das Bhawan, 28,
Barakhamba Road, New Delhi, Delhi - 110001, INDIA |
B62062666 |
|
4 |
10360713 |
24/04/2012 |
65,000,000.00 |
HDFC BANK LIMITED |
HDFC Bank House Senapati Bapat
Marg, Lower Parel W , Mumbai, Maharashtra - 400013, India |
B41659962 |
|
5 |
10359250 |
22/10/2012 * |
69,600,000.00 |
HDFC BANK LIMITED |
HDFC Bank House Senapati Bapat
Marg, Lower Parel W , Mumbai, Maharashtra - 400013, India |
B60913266 |
|
6 |
10291910 |
15/06/2011 |
50,000,000.00 |
Citibanbk N.A |
Jeevan Bharti Building, 4th
Floor, 124,Connaught |
B14892947 |
|
7 |
10275496 |
31/03/2011 |
7,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT
BANK OF INDIA |
UDYOG MINAR, VANIJYA NIKUNJ, UDYOG
VIHAR, PHASE - V, GURGAON, Haryana - 122016, INDIA |
B09150178 |
|
8 |
10226774 |
16/11/2011 * |
104,000,000.00 |
Citibank N.A |
Jeevan Bharti Building, 4th
Floor, 124,Connaught |
B25841222 |
|
9 |
10033041 |
09/10/2006 |
5,000,000.00 |
Canbank Factors Limited |
Nehru Place, New Delhi, Delhi
- 110019, INDIA |
A07006380 |
|
10 |
80000152 |
21/03/2006 * |
6,750,000.00 |
UTI BANK |
78 OLD RAJENDRA NAGAR, NEW DELHI,
Delhi - 110060, INDIA |
- |
|
11 |
80000154 |
21/03/2006 * |
10,000,000.00 |
UTI BANK |
78, OLD RAJENDRA NAGAR, NEW
DELHI, Delhi - 110060, INDIA |
- |
|
12 |
80000153 |
21/03/2006 * |
16,000,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP
SAMARTHESHWAR TEMPLE, LAW GARDEN ELLISBRIDGE, AHMEDABAD, Gujarat - 380006,
INDIA |
A00067561 |
|
13 |
80000151 |
30/09/2013 * |
347,000,000.00 |
AXIS BANK LIMITED |
SHOP NO. 1-6 & 8-10, GROUND
FLOOR, SUN CITY, NINE X TIME CENTRE, SECTOR-54, GOLF COURSE ROAD, GURGAON,
Haryana - 122002, INDIA |
B87124384 |
|
14 |
80000150 |
03/02/2006 |
8,000,000.00 |
UTI BANK LIMITED |
78 OLD RAJINDER NAGAR MARKET,
NEW DELHI, Delhi - 110060, INDIA |
- |
|
15 |
80044026 |
19/12/2011 * |
195,000,000.00 |
Small Industries Development
Bank of India |
Ground Floor, Udyog Minar,
Vanijya Nikunj, Udyog Vihar, Phase-V, Gurgaon, Haryana - 122016, INDIA |
B27868264 |
Trade references:
·
Jindal Saw Limited
·
Godrej Boyce Manufacturing Company Limited
FIXED ASSETS:
· Land
· Factory Building
· Flat
· Plant and Machinery
· Vehicles
· Furniture and Fixture
· Computer and Software
· Electrical Installation
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.62.45 |
|
|
1 |
Rs.100.86 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
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 |
|
48 |
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.