MIRA INFORM REPORT
|
Report Date : |
16.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASPRI SPIRITS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai - 400050,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-148284 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.851
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15500MH2004PTC148284 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA25153C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA8483E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Alcoholic Beverages. |
|
|
|
|
No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company appears to be low. The external borrowing seems
to be huge. However, trade relations are reported to be 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
We are living in a
world where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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. Kumar Panjwani |
|
Designation : |
Finance Executive |
|
Contact No.: |
91-22-42505100 |
|
Date : |
14.10.2013 |
LOCATIONS
|
Registered Office : |
601, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai - 400050,
Maharashtra, India |
|
Tel. No.: |
91-22-26056366/ 26401995 / 22061232/ 42505100 |
|
Fax No.: |
91-22-26401997 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Head Office/ Administrative Office : |
301, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai - 400050,
Maharashtra, India |
|
Tel. No.: |
91-22-26056366/ 26401995 / 22061232/ 42505100 |
|
Fax No.: |
91-22-26401997 |
|
|
|
|
Branch Office 1 : |
T-11,
Okhla Industrial Area, Phase II, New Delhi - 110020, India |
|
Tel. No.: |
91-11-41633982, |
|
Fax No.: |
91-11-41631713 |
|
E-mail : |
|
|
|
|
|
Branch Office 2 : |
25/2, 1st Floor, P Kalinga Rao Road, Mission Road, Inside Shamrao
Compound, Bangalore - 560027, Karnataka, India |
|
Tel. No.: |
91-80-41266569 |
|
E-mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Gautam Nandkishore Matai |
|
Designation : |
Director |
|
Address : |
602, Morya Co-Operative Housing Society, Varsova Link Road, Andheri (West),
Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
05.09.1973 |
|
Date of Appointment : |
24.03.2011 |
|
DIN No.: |
01784232 |
|
Name : |
Mrs. Vrutika Jaikishan Matai |
|
Designation : |
Director |
|
Address : |
11, Smokey Hill, 44 Pali Mala Road, Bandra (West), Mumbai-400050,
Maharashtra, India |
|
Date of Birth/Age : |
17.03.1971 |
|
Date of Appointment : |
24.02.2003 |
|
DIN No.: |
01788325 |
KEY EXECUTIVES
|
Name : |
Mr. Kumar Panjwani |
|
Designation : |
Finance Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vrutika Jaikishan Matai |
10000 |
|
Sunrise Petroleum Services, India |
25000 |
|
Jacki Matai |
62998 |
|
Jacki Matai (HUF) |
58501 |
|
Duru Matai |
8500 |
|
Jyoti Matai |
1 |
|
Gautam Nandkishore Matai |
37125 |
|
Vijay Narag |
54249 |
|
Nand Matai |
37124 |
|
Pavan Narang |
20001 |
|
Prashant Matai |
1 |
|
Arunkumar |
16500 |
|
Bhagyashri P. Tahllzani |
1 |
|
Whiteline Impex Private Limited, India |
18350 |
|
Emerald Electronics Private Limited, India |
36700 |
|
|
|
|
TOTAL
|
385051 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Alcoholic Beverages. |
|
|
|
|
Exports : |
|
|
Products : |
Alcoholic Beverage |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Alcoholic Beverage |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||||||||
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Customers : |
End Users
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No. of Employees : |
45 (Approximately) |
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Bankers : |
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||||||||||||||||||
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||||||||||||||||||
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Facilities : |
Cash Credit Rs.30.000 Millions (From Union Bank of India)
|
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
3I Infotech Trusteeship Services Limited, 3rd to 6th
Floor, International Infotech Park, Tower No. 5, Vashi Railway Station Complex,
Vashi, Navi Mumbai-400703, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Kalian Jain and Company Chartered Accountants |
|
Address : |
108, AS Dias Buil, 268/272, Dr. CH. Street, Marine Lines,
Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-22061232 / 22001972 |
|
Fax No.: |
91-22-22092614 |
|
E-Mail : |
|
|
PAN No.: |
AABPJ3941N |
|
|
|
|
Group Company: |
Name: Vinspri
Distributors Private Limited Address: 601, Lavlesh
Court, Pandit Varde Road, Bandra (West), Mumbai - 400050, Maharashtra, India Line of
Business: Trader, Exporter and Importer of Alcoholic Beverage. |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000 Millions |
|
50000 |
Preference Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
|
|
TOTAL |
|
Rs. 9.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
385051 |
Equity Shares |
Rs.10/- each |
Rs. 3.851
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
3.851 |
3.667 |
|
(b) Reserves & Surplus |
|
39.121 |
29.254 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
42.972 |
32.921 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
103.265 |
90.672 |
|
(b) Deferred tax liabilities (Net) |
|
0.024 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
103.289 |
90.672 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
10.150 |
11.149 |
|
(b) Trade payables |
|
37.128 |
21.130 |
|
(c) Other current liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
7.076 |
9.692 |
|
Total Current
Liabilities (4) |
|
54.354 |
41.971 |
|
|
|
|
|
|
TOTAL |
|
200.615 |
165.564 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
5.428 |
6.363 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.023 |
|
(d) Long-term Loan and Advances |
|
4.336 |
2.422 |
|
(e) Other Non-current assets |
|
0.024 |
0.116 |
|
Total Non-Current
Assets |
|
9.788 |
8.924 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
71.871 |
53.690 |
|
(c) Trade receivables |
|
70.491 |
61.643 |
|
(d) Cash and cash equivalents |
|
1.811 |
1.941 |
|
(e) Short-term loans and advances |
|
46.654 |
39.366 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current
Assets |
|
190.827 |
156.640 |
|
|
|
|
|
|
TOTAL |
|
200.615 |
165.564 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.300 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
11.874 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
15.174 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
31.796 |
|
|
2] Unsecured Loans |
|
|
18.977 |
|
|
TOTAL BORROWING |
|
|
50.773 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.038 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
65.985 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.078 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
36.068
|
|
|
Sundry Debtors |
|
|
24.364
|
|
|
Cash & Bank Balances |
|
|
3.000
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
4.484
|
|
Total
Current Assets |
|
|
67.916 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.625
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
6.000
|
|
Total
Current Liabilities |
|
|
7.625 |
|
|
Net Current Assets |
|
|
60.291
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.616 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
65.985 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
305.016 |
241.695 |
245.075 |
|
|
|
Other Income |
6.736 |
2.364 |
0.086 |
|
|
|
TOTAL |
311.752 |
244.059 |
245.161 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
308.188 |
240.292 |
240.522 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
308.188 |
240.292 |
240.522 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.564 |
3.767 |
4.639 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.128 |
1.251 |
1.504 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.436 |
2.516 |
3.135 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.33 |
6.86 |
9.50 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.600.000 Millions
The above information has been parted by Mr. Kumar Panjwani
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.78
|
1.03 |
1.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.17
|
1.56 |
1.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78
|
2.28 |
6.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.11 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.64
|
3.09 |
3.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.51
|
3.73 |
8.91 |
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
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
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 LOAN
|
Particular |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
LONG TERM BORROWINGS |
|
|
|
BANDRA |
|
|
|
Bhagyashree Tahillani |
1.400 |
|
|
Gautam Matai |
0.724 |
|
|
Emerald Electronic Private Limited |
24.000 |
|
|
Express Polyplast Private Limited |
0.280 |
|
|
Nand Matai (HUF) |
0.362 |
|
|
Pavan Narang |
2.462 |
|
|
Payal Narang |
2.124 |
|
|
Prashant Matai |
0.155 |
65.711 |
|
Whiteline Impex Private Limited |
19.000 |
|
|
Duru Matai |
1.964 |
|
|
Jackie Matai HUF |
0.088 |
|
|
Jackie Sham Matai |
5.000 |
|
|
Vijay Narang |
2.363 |
|
|
Vrutika Matai |
6.254 |
|
|
Jyoti Matai |
0.362 |
|
|
DELHI |
|
|
|
Arun Kumar |
0.008 |
|
|
Advance from Debtors |
10.150 |
|
|
|
|
|
|
TOTAL |
76.696 |
65.711 |
NOTE
The registered office of the company has been shifted from 301, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai-400050, Maharashtra, India to the present address w.e.f. 15.06.2012.
OPERATION
The turnover of
the company increased by 21% during the year in comparison of previous year.
Directors expect further improvement in the turnover during the current year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10195748 |
02/01/2012 * |
40,000,000.00 |
UNION BANK OF INDIA |
ANDHERI(EAST) BRANCH, MAYANI MANOR, SIR M.V. ROAD, ANDHERI (EAST), MUMBAI, MAHARASHTRA - 400069, INDIA |
B30571327 |
* Date of charge modification
FIXED ASSETS
- Air
conditioner
- Aqua Guard
Machine
- Coffee / Tea
Maker
- Computer
- EPABX Systems
- Eclectic
Kettle
- Furniture and
Fixture
- Inverter
- Laptop A/c
- Motor Bike
- Mobile Phone
- Motor Car
- Office
equipment
- Printers
- Fire
Extinguisher
- Refrigerator
- UPS
Stabilizer
- Water Cooler
- Vacuum
Cleaner
- Cycle
- Voltage
Stabilizer
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.61.69 |
|
|
1 |
Rs.98.59 |
|
Euro |
1 |
Rs.83.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
34 |
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.