MIRA
INFORM REPORT
|
Report Date : |
17.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
VASANTHA TOOLS CRAFTS PRIVATE LIMITED |
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Registered
Office : |
7-24/2, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
12.12.1988 |
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Com. Reg. No.: |
01-009373 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U25203AP1988PTC009373 |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Injection Moulds. |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established company having satisfactory track
record. Trade relations are reported as fair.
Business is active. Payments are reported to be 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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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. Ubed Udulla |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-40-44613333 |
|
Date : |
12.10.2013 |
LOCATIONS
|
Registered Office/ Factory/ Warehouse
: |
7-24/2, |
|
Tel. No.: |
91-40-44613333/ 44613330/ 27713786/ 23199800/ 23092073 |
|
Fax No.: |
91-40-23097023 |
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E-Mail : |
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|
Website : |
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|
Area : |
2000 Sq. Yards |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Anugu Reddy Dayanand |
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|
Designation : |
Managing director |
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|
Address : |
Plot No.127, 31-4/5, Sri Satya Sai Enclave, Kanajiguda
Thirumalagherry, Secunderabad - 500015, Andhra Pradesh, India |
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|
Date of Birth/Age : |
30.01.1962 |
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Experience : |
23 Years |
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|
Date of Appointment : |
12.12.1988 |
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DIN No.: |
00587666 |
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Other Directorship :
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|
Name : |
Pingali Reddy Renuka |
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|
Designation : |
Director |
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|
Address : |
Plot No.127, 31-4/5, Sri Satya Sai Enclave, Kanajiguda
Thirumalagherry, Secunderabad - 500015, Andhra Pradesh, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
15.08.1966 |
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|
Date of Appointment : |
12.12.1988 |
||||||||||||||||||||||||
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DIN No.: |
00588553 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Ubed Udulla |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anugu Reddy Dayanand |
|
25000 |
|
Pingali Reddy Renuka |
|
25000 |
|
|
|
|
|
Total |
|
50000 |
AS ON 23.11.2012
|
Names of Allottees |
|
No. of Shares |
|
Anugu Reddy Dayanand |
|
25000 |
|
Pingali Reddy Renuka |
|
25000 |
|
|
|
|
|
Total |
|
50000 |
AS ON 29.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Injection Moulds. |
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Products/ Services : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· USA Poland Brazil |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· Germany China |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
· Hindustan Unilever Limited Loreal Colgate Godrej Sora Lee Limited Emami Essel Propack Anchor Wire Henkel VVF Limited Marico Whirlpool Voltas Limited Philips L&T Tata |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
Citi Bank N.A., 1st Floor, Queens Plaza, Sardar
Patel Road, Hyderabad - 500003, Andhra Pradesh, India ·
Andhra Bank, Balanagar Branch, Hyderabad - 500037,
Andhra Pradesh, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
V M Chakrapani and Company Chartered Accountant |
|
Address : |
# 5-5- 8/9 and 10, 2nd Floor, Srinivasa Building, Ranigunj,
Secunderabad - 500003, Andhra Pradesh, India |
|
Tel. No.: |
91-40-27704329/ 27713786 |
|
Fax No.: |
91-40-42012140 |
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000 |
Equity Shares |
Rs. 100/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000
Millions |
|
|
|
|
|
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000 |
Equity Shares |
Rs. 100/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
|
5.000 |
|
(b) Reserves & Surplus |
|
|
381.635 |
|
(c) Money received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
|
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
386.635 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
87.500 |
|
(b) Deferred tax liabilities (Net) |
|
|
7.145 |
|
(c) Other long
term liabilities |
|
|
32.501 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
127.146 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
|
40.257 |
|
(b)
Trade payables |
|
|
48.503 |
|
(c)
Other current liabilities |
|
|
121.695 |
|
(d) Short-term
provisions |
|
|
69.062 |
|
Total Current
Liabilities (4) |
|
|
279.517 |
|
|
|
|
|
|
TOTAL |
|
|
793.298 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
|
439.820 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii) Capital
work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
2.315 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
42.657 |
|
(e) Other Non-current
assets |
|
|
0.000 |
|
Total Non-Current
Assets |
|
|
484.792 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
156.292 |
|
(c)
Trade receivables |
|
|
50.772 |
|
(d) Cash
and cash equivalents |
|
|
13.349 |
|
(e)
Short-term loans and advances |
|
|
87.070 |
|
(f)
Other current assets |
|
|
1.031 |
|
Total
Current Assets |
|
|
308.514 |
|
|
|
|
|
|
TOTAL |
|
|
793.298 |
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
5.000 |
5.000 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
257.654 |
197.794 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
262.654 |
202.794 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
13.681 |
|
|
2] Unsecured Loans |
|
32.534 |
47.663 |
|
|
TOTAL BORROWING |
|
32.534 |
61.344 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
1.173 |
|
|
|
|
|
|
|
|
TOTAL |
|
295.188 |
265.311 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
213.900 |
192.116 |
|
|
Capital work-in-progress |
|
48.487 |
0.063 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
2.315 |
2.315 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
103.807 |
72.065 |
|
|
Sundry Debtors |
|
41.117 |
21.038 |
|
|
Cash & Bank Balances |
|
45.237 |
4.916 |
|
|
Other Current Assets |
|
49.521 |
21.581 |
|
|
Loans & Advances |
|
4.289 |
54.623 |
|
Total
Current Assets |
|
243.971 |
174.223 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
21.325 |
26.097 |
|
|
Other Current Liabilities |
|
154.220 |
57.817 |
|
|
Provisions |
|
37.940 |
19.492 |
|
Total
Current Liabilities |
|
213.485 |
103.406 |
|
|
Net Current Assets |
|
30.486 |
70.817 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
295.188 |
265.311 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
656.522 |
485.606 |
332.293 |
|
|
|
Other Income |
6.238 |
27.946 |
2.379 |
|
|
|
TOTAL (A) |
662.760 |
513.552 |
334.672 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Factory Expenses |
|
405.222 |
244.938 |
|
|
|
Administrative Expenses |
|
8.672 |
7.367 |
|
|
|
Marketing Expenses |
|
7.022 |
4.629 |
|
|
|
Increase/ Decrease in stock |
|
(35.061) |
8.544 |
|
|
|
TOTAL (B) |
413.453 |
385.855 |
265.478 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
249.307 |
127.697 |
69.194 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.797 |
1.561 |
3.525 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
243.510 |
126.136 |
65.669 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
39.490 |
22.102 |
16.556 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
204.020 |
104.034 |
49.113 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
72.108 |
34.557 |
16.693 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
131.912 |
69.477 |
32.420 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2638.24 |
1390.00 |
648.00 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
750.000 |
|
|
|
|
|
The above information has been parted by Mr. Ubed Udulla (Accounts
Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
19.90
|
13.53 |
9.69 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
31.08
|
21.42 |
14.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.79
|
22.72 |
13.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53
|
0.40 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.33
|
0.12 |
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10
|
1.14 |
1.68 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10368947 |
04/07/2012 |
20,000,000.00 |
CITI BANK N.A. |
1ST FLOOR, QUEENS
PLAZA, SARDAR PATEL ROAD, HYDERABAD - 500003, ANDHRA PRADESH, INDIA |
B45061470 |
|
2 |
10298882 |
08/07/2011 |
100,000,000.00 |
CITIBANK N.A. |
1ST FLOOR,
QUEENS PLAZA, SARDAR PATEL ROAD, HYDERABAD - 500003, ANDHRA PRADESH, INDIA |
B17495375 |
|
3 |
10099488 |
03/03/2008 |
30,000,000.00 |
CITIBANK N. A. |
1ST FLOOR,
QUEENS PLAZA, SARDAR PATEL ROAD, HYDERABAD - 500003, ANDHRA PRADESH, INDIA |
A37094794 |
|
4 |
10008680 |
04/07/2012 * |
40,000,000.00 |
CITI BANK N.A. |
1ST FLOOR, QUEENS
PLAZA, SARDAR PATEL ROAD, HYDERABAD - 500003, ANDHRA PRADESH, INDIA |
B45060928 |
|
5 |
90117323 |
04/02/1998 |
200,000.00 |
ANDHRA BANK |
BALANAGAR
BRANCH, HYDERABAD - 500037, ANDHRA PRADESH, INDIA |
- |
|
6 |
90115224 |
02/11/1995 |
4,450,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
VIKAS DEEP,
22;STATION ROAD, LUCKNOW - 226019, UTTAR PRADESH, INDIA |
- |
|
7 |
90116685 |
12/05/1989 |
1,900,000.00 |
AP STATE
FINANCIAL CORPORATION |
CHIRAG ALI LANE,
HYDERABAD, ANDHRA PRADESH, INDIA |
- |
|
8 |
90114614 |
03/05/1989 |
1,160,000.00 |
AP STATE
FINANCIAL CORPORATION |
CHIRAG ALI LANE,
HYDERABAD, ANDHRA PRADESH, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
|
31.03.2011 (Rs.
In Millions) |
|
Sales tax deferment |
|
32.534 |
|
|
|
|
|
Total |
|
32.534 |
RESULTS OF
OPERATIONS:
During the year the company has achieved a scaled new heights and set
several new benchmarks in terms of sales and net profit. This was a landmark year
for the company as it delivered recorded financial and operating performance
amidst challenging and volatile market conditions.
Turnover for the year was Rs. 656.521 Millions reflecting a growth of
35.20%
During the year profit after tax is Rs. 131.912 Millions as compared to
previous year of Rs. 69.477 Millions reflecting a growth of 89.86%.
FIXED ASSETS:
·
Land
·
Trade Mark
·
·
Plant and Machinery
·
Tools and Equipments
·
Electrical Installations
·
Furniture and Fittings
·
Vehicles
·
Generator
·
Office Equipments
·
Design Software
·
Computer Equipments
·
Air Conditioner
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 : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.