MIRA
INFORM REPORT
|
Report Date : |
29.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
KUKSONS ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-24, Popular Koregaon Parkbund
Garden, Pune – 411 001, |
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Country : |
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|
|
Financials (as
on) : |
31.03.2012 |
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|
|
Date of
Incorporation : |
25.01.1996 |
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|
|
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Com. Reg. No.: |
25-096613 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72900MH1996PTC096613 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer of Control Panels. |
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|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 76000 |
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|
|
|
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 an established company having satisfactory track record. Sales and profit margins of the company appear to be decent. Overall
fundamentals of the company appear to be sound and healthy. Trade relations are fair. Business is active. Payment terms are
usually correct. The company can be considered for business dealing 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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $
24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali
expenditure by 40 % and on average spend nearly 25 % of their monthly salary on
Diwali, according to a survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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 (GENERAL DETAILS)
|
Name : |
Mr. Ranjit Jadhav |
|
Designation : |
Accountant |
|
Contact No.: |
91-9372733729 |
|
Date : |
26.10.2013 |
LOCATIONS
|
Registered Office : |
A-24, Popular Koregaon Parkbund
Garden, Pune – 411 001, Maharashtra,
India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9372733729 (Mr. Ranjit Jadhav) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
|
Factory : |
Unit 14, Electronic Sadan, III, MIDC, Bhosari, Pune – 411 001, |
|
Tel. No.: |
91-20-30546105 |
|
Fax No.: |
91-20-30623116/ 26059265 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Rajesh Radhakishan Kuklani |
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|
Designation : |
Director |
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|
Address : |
A-24, Popular Heights, Koregaoun Park, Pune – 411 001, India |
||||||||||||||||||||||||
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Date of Birth/Age : |
07.03.1972 |
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|
Date of Appointment : |
25.01.1996 |
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DIN No.: |
01915164 |
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Other Directorship:
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Name : |
Mrs. Koushalaya Radhakishan
Kuklani |
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|
Designation : |
Director |
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|
Address : |
A-24, Popular Heights, Koregaoun Park, Pune – 411 001, India |
||||||||||||||||||||||||
|
Date of Birth/Age : |
18.05.1947 |
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|
Date of Appointment : |
25.01.1996 |
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DIN No.: |
01918549 |
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Other Directorship:
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||||||||||||||||||||||||
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Name : |
Mr. Mahesh Radhakishan Kuklani |
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|
Designation : |
Director |
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|
Address : |
A-24, Popular Heights, Koregaoun Park, Pune – 411 001, India |
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Date of Birth/Age : |
28.11.1974 |
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|
Date of Appointment : |
25.01.1996 |
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DIN No.: |
01955819 |
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Other Directorship:
|
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||||||||||||||||||||||||
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Name : |
Mr. Tarun Radhakishan
Kuklani |
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|
Designation : |
Director |
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|
Address : |
A-24, Popular Heights, Koregaoun Park, Pune – 411 001, India |
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Date of Birth/Age : |
20.11.1970 |
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Date of Appointment : |
25.01.1996 |
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DIN No.: |
01958430 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Ranjit Jadhav |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Koushalaya R. Kuklani |
|
24500 |
|
Tarun R. Kuklani |
|
100 |
|
Rajesh R. Kuklani |
|
100 |
|
Mahesh R. Kuklani |
|
100 |
|
Koushalaya R. Kuklani Jtly with Radhakishan W. Kuklani |
|
26600 |
|
Tarun R. Kuklani Jtly with Koushalaya R. Kuklani |
|
14900 |
|
Rajesh R. Kuklani Jtly
with Koushalaya R. Kuklani |
|
16700 |
|
Mahesh R. Kuklani Jtly
with Koushalaya R. Kuklani |
|
14900 |
|
Sangeeta R. Kuklani Jtly with Koushalaya R. Kuklani |
|
2000 |
|
Bhavana R. Kuklani Jtly with Koushalaya R. Kuklani |
|
100 |
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|
|
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Total |
|
100000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Control Panels. |
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|
|
Products : |
·
Control Panel ·
PLC Modules ·
PLCs ·
Parts of Control Panel ·
MCC Panel ·
VFD Panel ·
ICP Panel ·
AMF Panel |
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|
Terms : |
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Selling : |
L/C, Credit |
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Purchasing : |
L/C, Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
Bank of India, 285/C, Ladkat Plaza, Ghat Road, Koregaon Park, Pune, Maharashtra, India |
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Facilities : |
NOTES: LONG TERM
BORROWINGS: Car Loan A/c for
0018 Secured by : Car
Loan Is Secured by Hypothecation of Car and Personal Guarantee of Directors Terms of
Repayment : Loan Has to Be Repaid by Rs.4424/- Monthly EMI Car Loan for 0019 Secured by : Loan
Has to Be Repaid by Rs.4424/- Monthly EMI Terms of Repayment : Loan
Has to Be Repaid by Rs.4424/- Monthly EMI Car Loan for 0019 Secured by : car
:Loan is Secured by Hypothecation of Car and Personal Guarantee of Directors Terms of Repayment : Loan
Has to Be Repaid by Rs.6300/- Monthly EMI Term Loan (Bhosari) – 00001 Secured by : Loan
Is Secured by Hypothecation of Plant and Machinery, Personal Guarantee of
Directors and Collateral Security Terms of
Repayment : Loan Has to Be Repaid by Rs.61318/- Monthly EMI SHORT TERM
BORROWINGS: Bank of India(CC-153) Secured by : Cash Credit Loan Account Is Secured by the
Book Debts, Stock and Collateral Security with Personal Guarantee of
Directors. Bank of India(CC-154) Secured by : Cash Credit Loan Account Is Secured by the
Book Debts, Stock and Collateral Security with Personal Guarantee of
Directors. Standard Chartered Banks Secured by : Loans If of the Channel Finance Nature and Secured by the Book Debts and Personal Guarentee of Directors. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Anil S Agarwal and Company Chartered Accountants |
|
Address : |
12/13, Vishal Residency, Opposite B. U. Bhandari Petrol Pump, Kasarwadi,
Pune – 411 034, Maharashtra,
India |
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Tel. No.: |
91-20-27126974 |
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E-Mail : |
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PAN No.: |
ADOPA5871A |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs. 10/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs.1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1.000 |
1.000 |
|
(b) Reserves & Surplus |
|
18.096 |
14.269 |
|
(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) |
|
19.096 |
15.269 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4.802 |
5.281 |
|
(b) Deferred tax liabilities (Net) |
|
0.987 |
0.873 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
5.789 |
6.154 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
11.463 |
5.416 |
|
(b) Trade payables |
|
30.839 |
30.695 |
|
(c) Other current liabilities |
|
7.717 |
6.384 |
|
(d) Short-term provisions |
|
0.549 |
0.727 |
|
Total Current Liabilities (4) |
|
50.568 |
43.222 |
|
|
|
|
|
|
TOTAL |
|
75.453 |
64.645 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
10.787 |
11.119 |
|
(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 |
|
1.674 |
1.974 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
7.950 |
8.277 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
20.411 |
21.370 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
28.123 |
20.610 |
|
(c) Trade receivables |
|
24.502 |
21.045 |
|
(d) Cash and cash
equivalents |
|
0.019 |
0.013 |
|
(e) Short-term loans and
advances |
|
0.209 |
0.376 |
|
(f) Other current assets |
|
2.189 |
1.231 |
|
Total Current Assets |
|
55.042 |
43.275 |
|
|
|
|
|
|
TOTAL |
|
75.453 |
64.645 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
10.292 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
11.292 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
6.800 |
|
|
2] Unsecured Loans |
|
|
4.144 |
|
|
TOTAL BORROWING |
|
|
10.944 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.744 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
22.980 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
10.701 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
4.576 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
13.361 |
|
|
Sundry Debtors |
|
|
18.283 |
|
|
Cash & Bank Balances |
|
|
0.019 |
|
|
Other Current Assets |
|
|
4.948 |
|
|
Loans & Advances |
|
|
4.067 |
|
Total
Current Assets |
|
|
40.678 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
23.195 |
|
|
Provisions |
|
|
9.780 |
|
Total
Current Liabilities |
|
|
32.975 |
|
|
Net Current Assets |
|
|
7.703 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
22.980 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
149.268 |
137.665 |
119.449 |
|
|
|
Other Income |
1.036 |
0.612 |
0.540 |
|
|
|
TOTAL |
150.304 |
138.277 |
119.989 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
144.289 |
132.722 |
112.968 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
6.015 |
5.555 |
5.067 |
|
|
|
|
|
|
|
|
|
|
TAX |
1.799 |
1.781 |
1.566 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
4.216 |
3.774 |
3.501 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
42.16 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.80
|
2.73 |
2.92 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.03
|
4.04 |
4.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.14
|
10.21 |
9.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.36 |
0.45 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.85
|
0.70 |
0.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.09
|
1.00 |
1.23 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
31.03.2012 Rs.
In Millions |
31.03.2011 Rs.
In Millions |
|
Long Term Borrowings |
|
|
|
Loans and
Advances from Related Parties |
|
|
|
Kuklani – Kaushalaya |
0.511 |
0.511 |
|
Kuklani – Mahesh |
0.026 |
0.026 |
|
Kuklani – Rajesh |
0.800 |
0.800 |
|
Kuklani - TRK |
0.782 |
0.782 |
|
|
|
|
|
Total |
2.119 |
2.119 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10230337 |
12/06/2010 |
300,000.00 |
BANK
OF INDIA |
285/C,
LADKAT PLAZA, GHAT ROAD, KOREGAON PARK, PUNE – 411 001, MAHARASHTRA, INDIA |
A90138330 |
|
2 |
10080920 |
07/11/2007 |
200,000.00 |
BANK
OF INDIA |
KOREGAON
PARK BRANCH, PUNE – 411 001, MAHARASHTRA, |
A29140365 |
|
3 |
10103080 |
27/09/2007 |
200,000.00 |
BANK
OF INDIA |
KOREGAON
PARK BRANCH, PUNE – 411 001, MAHARASHTRA, |
A38446670 |
|
4 |
10007072 |
04/08/2012
* |
28,725,000.00 |
BANK
OF INDIA KOREGAON PARK BRANCH |
285/C
LADKAT PLAZA,GHAT ROAD, KOREGAON PARK, PUNE – 411 021, MAHARASHTRA, INDIA |
B56485303 |
|
5 |
90082879 |
09/06/2006
* |
2,500,000.00 |
BANK
OF INDIA |
KOREGAON
PARK BRANCH, PUNE – 411 001, MAHARASHTRA, |
- |
|
6 |
90084546 |
24/09/2003
* |
155,000.00 |
BANK
OF INDIA |
KOREGOAN
PARK BRANCH, PUNE – 411 001, MAHARASHTRA, |
- |
* Date
of charge modification
FIXED ASSETS:
·
Building Unit
·
Electrification Unit
·
Furniture and Fixture
·
Office Premises
·
Computer
·
EPBX System
·
Fax Machine
·
Machinery
·
Mobile Handsets
·
Other Office Equipments
·
Refrigerator
·
Software
·
Typewriter
·
Vehicles
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 records 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] 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.61.50 |
|
|
1 |
Rs.99.49 |
|
Euro |
1 |
Rs.84.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
46 |
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.