MIRA INFORM REPORT
|
Report Date : |
19.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
VECTOR PROJECTS ( |
|
|
|
|
Formerly Known
As : |
VECTOR MODULAR SYSTEM ( V3 INTERIORS ( |
|
|
|
|
Registered
Office : |
4th Floor, Vector House, L.B.S. Marg, Near Asian Paints
Limited, Bhandup (West) Mumbai - 400078, |
|
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|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.12.2001 |
|
|
|
|
Com. Reg. No.: |
11-134091 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20299MH2001PTC134091 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Office Furniture and undertaking Turnkey
Projects. |
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|
|
|
No. of Employees
: |
60 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1410000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a satisfactory track record.
Trade relations are reported to be fair. Business is active. Payments are
reported to be usually correct and as per commitments. The company can be considered for normal 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.
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
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB - [Cash Credit] |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation. It carry moderate credit risk. |
|
Date |
January 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Ms. Bharati |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-67552892 |
|
Date : |
18.10.2013 |
LOCATIONS
|
Registered Office : |
4th Floor, Vector House, L.B.S. Marg, Near Asian Paints
Limited, Bhandup (West) Mumbai - 400078, Maharashtra, India |
|
Tel. No.: |
91-22-67552893/ 94/ 95 |
|
Fax No.: |
91-22-67552896/ 64552859 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Flat No. 716, L and T Pocket, Phase 2nd, Sector 18B,
Dwarka, New Delhi – 110075, India |
|
Tel. No.: |
91-11-46535884/ 85 |
|
Fax No.: |
91-11-45635886 |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Also Located at:
|
DIRECTORS
AS ON 30.09.2012
|
Name : |
Mr. Umesh Prabhakar Rao |
|
Designation : |
Director |
|
Address : |
803, Marathon Galaxy, L.B.S. Marg, Mulund (West), Mumbai-400080, Maharashtra, India |
|
Date of Birth/Age : |
22.03.1962 |
|
Date of Appointment : |
14.01.2004 |
|
DIN No.: |
00080552 |
|
|
|
|
Name : |
Mr. Rajesh Umesh Lad |
|
Designation : |
Whole-time director |
|
Address : |
401, Prachi Apartments, 133 Model Town, Pratap Nagar, Andheri-(West), Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1967 |
|
Date of Appointment : |
03.12.2001 |
|
DIN No.: |
00087258 |
|
|
|
|
Name : |
Mr. Shrikanth Raju Kuchimanchi |
|
Designation : |
Director |
|
Address : |
104 Marathon Galaxy , 2 Near Ashok, Industrial Area , Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth/Age : |
31.08.1971 |
|
Date of Appointment : |
06.06.2008 |
|
DIN No.: |
02178027 |
KEY EXECUTIVES
|
Name : |
Ms. Bharati |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2012
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 30.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Office Furniture and undertaking Turnkey
Projects. |
|
|
|
|
Imports : |
|
|
Products : |
Furniture |
|
Countries : |
|
|
|
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Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users
|
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No. of Employees : |
60 [Approximately] |
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Bankers : |
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||||||||||||||||||||||||
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||||||||||||||||||||||||
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Facilities : |
Total Facility Rs.560.000 Millions (From State Bank of India)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjay C. Shah and Associates Chartered Accountants |
|
Address : |
B-3,Om Joshi Apartments, Lallubhai Park Road, Andheri (West) Mumbai –
400058, Maharashtra, India |
|
Tel. No.: |
91-22-26248873/26281101 |
|
Fax No.: |
91-22-26248873 |
|
E-Mail : |
|
|
PAN No: |
AAFPS8770C |
|
|
|
|
Other Related Parties : |
CIN No.: U45200MH2004PTC144970
CIN
No.: U72900MH2009PTC189376 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 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 |
|
50.000 |
50.000 |
|
(b) Reserves & Surplus |
|
303.049 |
241.579 |
|
(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) |
|
353.049 |
291.579 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
156.605 |
172.944 |
|
(b) Deferred tax liabilities (Net) |
|
16.760 |
4.262 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
173.365 |
177.206 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
504.887 |
461.155 |
|
(b) Trade payables |
|
316.643 |
274.385 |
|
(c) Other current liabilities |
|
50.675 |
102.041 |
|
(d) Short-term provisions |
|
0.000 |
5.501 |
|
Total Current
Liabilities (4) |
|
872.205 |
843.082 |
|
|
|
|
|
|
TOTAL |
|
1398.619 |
1311.867 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
258.358 |
80.919 |
|
(ii) Intangible Assets |
|
0.075 |
0.112 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
121.340 |
|
(b) Non-current Investments |
|
8.780 |
8.281 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
48.725 |
37.207 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
315.938 |
247.859 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
208.799 |
161.009 |
|
(c) Trade receivables |
|
769.054 |
810.196 |
|
(d) Cash and cash equivalents |
|
22.743 |
29.991 |
|
(e) Short-term loans and advances |
|
59.957 |
57.033 |
|
(f) Other current assets |
|
22.128 |
5.779 |
|
Total Current
Assets |
|
1082.681 |
1064.008 |
|
|
|
|
|
|
TOTAL |
|
1398.619 |
1311.867 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
50.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
176.795 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
226.795 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
421.351 |
|
|
2] Unsecured Loans |
|
|
61.985 |
|
|
TOTAL BORROWING |
|
|
483.336 |
|
|
DEFERRED TAX LIABILITIES |
|
|
6.161 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
716.292 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
85.060 |
|
|
Capital work-in-progress |
|
|
31.267 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2.884 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
66.351 |
|
|
Sundry Debtors |
|
|
659.216 |
|
|
Cash & Bank Balances |
|
|
30.114 |
|
|
Other Current Assets |
|
|
37.181 |
|
|
Loans & Advances |
|
|
121.847 |
|
Total
Current Assets |
|
|
914.709 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
161.974 |
|
|
Other Current Liabilities |
|
|
79.420 |
|
|
Provisions |
|
|
76.234 |
|
Total
Current Liabilities |
|
|
317.628 |
|
|
Net Current Assets |
|
|
597.081 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
716.292 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1889.732 |
1746.346 |
1388.033 |
|
|
|
Other Income |
7.151 |
8.174 |
NA |
|
|
|
TOTAL (A) |
1896.883 |
1754.520 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1057.093 |
1028.647 |
|
|
|
|
Employee benefit expense |
74.422 |
60.805 |
NA |
|
|
|
Other expenses |
622.255 |
583.317 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(47.790) |
(94.658) |
|
|
|
|
TOTAL (B) |
1705.980 |
1578.111 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
190.903 |
176.409 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
90.735 |
75.089 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
100.168 |
101.320 |
81.225 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.908 |
10.913 |
9.351 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
93.260 |
90.407 |
71.874 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
31.791 |
25.623 |
24.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
61.469 |
64.784 |
47.627 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
241.579 |
176.795 |
129.168 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
303.048 |
241.579 |
176.795 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Interest |
1.845 |
1.445 |
0.992 |
|
|
|
Dividend |
3.582 |
3.144 |
5.504 |
|
|
TOTAL EARNINGS |
5.427 |
4.589 |
6.496 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods for Projects/Trading |
NA |
NA |
12.571 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
12.29 |
12.96 |
9.53 |
|
%20PRIVATE%20LIMITED%20-%20240157%2019-Oct-2013_files/image001.gif){kind=small}
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
|
|
|
|
|
Expected Sales (2013-2014): Rs.2200.000 Millions
The above information has been parted by Ms. Bharati
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.24
|
3.69 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.94
|
5.17 |
5.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.71
|
7.65 |
7.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.31 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.87
|
2.17 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.26 |
2.88 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS
(Rs. In Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
31.02.2010 |
|
Current maturities of long-term debt |
10.879 |
13.722 |
NA |
|
|
|
|
|
|
Total |
10.879 |
13.722 |
NA |
|
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 |
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] |
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 |
Yes |
NOTE:
The registered office of the company has been shifted from 112/113 Marathon Maxgoregaon, Mulund Link Road
Mulund (West), Mumbai - 400080, Maharashtra, India to present address w.e.f. 01.06.2011
|
UNSECURED LOAN |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
11.000 |
11.000 |
|
Other loans and advances |
87.102 |
80.527 |
|
|
|
|
|
TOTAL
|
98.102 |
91.527 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10304142 |
18/08/2011 |
4,200,000.00 |
The Thane Janata Sahakari Bank Limited |
SHOP NO. 1, 2 AND 3, SHAKTI SHOPPING ARCADE CHS, LBS ROAD, BHANDUP (W), MUMBAI, MAHARASHTRA - 400708, INDIA |
B19601095 |
|
2 |
10266130 |
21/05/2012 * |
70,000,000.00 |
THE THANE JANATA SAHAKARI BANK LTD. |
BHANDUP WEST BRANCH, SHOP NO.1 TO 3, SHAKTI SHOP PING ARCADE CHS. LTD., L.B.S. MARG,, MUMBAI, MAHARASHTRA - 400078, INDIA |
B41509845 |
|
3 |
10246109 |
21/05/2012 * |
800,000,000.00 |
STATE BANK OF INDIA |
SIR P. M. ROAD BRANCH, GRASHAM HOUSE, P. M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B41504432 |
|
4 |
10057673 |
02/06/2007 |
5,000,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
G-1,6,7,8, GANESH KRIPA, RHB ROAD, MULUND (W), MUMBAI, MAHARASHTRA - 400080, INDIA |
A17711847 |
* Date of charge modification
FIXED ASSETS:
- Building
- Plant and
Machinery
- Equipments
- Computer
- Furniture and
Fixture
- Motor
Vehicles
- Leasehold
Properties
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 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.61.28 |
|
|
1 |
Rs.99.03 |
|
Euro |
1 |
Rs.83.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
45 |
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.