MIRA INFORM REPORT
|
Report Date : |
30.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
VIJAY M. MISTRY CONSTRUCTION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
501, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.07.1988 |
|
|
|
|
Com. Reg. No.: |
04-011033 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201GJ1988PTC011033 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACY5047K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the infrastructure development activities mainly
bridges, canal structures, flyovers harbor works and other allied
construction activities. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1550000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having satisfactory track
record. There appears some dip in the net profitability of the company during 2012.
However, general financial position of the company is good. Trade relations are reported as fair. Business is active. Payments are
reported to be regular 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.
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 Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term = BBB+ |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk |
|
Date |
December, 2012 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term = A2 |
|
Rating Explanation |
Having strong degree of safety and carry low credit risk. |
|
Date |
December, 2012 |
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 DECLINED BY
|
Name : |
Mr. K.C. Pandya |
|
Designation : |
Chief Financial Officer |
|
Contact No.: |
91-79-26560095 |
|
Date : |
28.10.2013 |
LOCATIONS
|
Registered Office : |
501, Swagat, C. G. Road, Ellisbridge, Ahmedabad-380006, Gujarat, India
|
|
Tel. No.: |
91-79-26560095 / 26569545 / 32916260 |
|
Mobile No.: |
|
|
Fax No.: |
91-79-26560934 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 19.08.2013
|
Name : |
Mr. Vijay Manilal Mistry |
|
Designation : |
Whole Time Director |
|
Address : |
11, Shyamkunj Society, Ambawadi, Ahmedabad-380015, |
|
Date of Birth/Age : |
14.01.1938 |
|
Date of Appointment : |
26.07.1988 |
|
DIN No.: |
00081379 |
|
|
|
|
Name : |
Mr. Nirajbhai Vijaybhai Mistry |
|
Designation : |
Managing Director |
|
Address : |
11, Shyamkunj Society, Ambawadi, Ahmedabad-380015, |
|
Date of Birth/Age : |
04.08.1968 |
|
Date of Appointment : |
26.07.1988 |
|
DIN No.: |
00081476 |
|
|
|
|
Name : |
Mr. Ketankumar Manilal Mistry |
|
Designation : |
Managing Director |
|
Address : |
6, Behind Apang Manav Mandal, Opposite Manali Apartment, Atira,
Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
17.02.1951 |
|
Date of Appointment : |
20.11.1990 |
|
DIN No.: |
00081563 |
|
|
|
|
Name : |
Ms. Rekha Ketan Mistry |
|
Designation : |
Whole Time Director |
|
Address : |
Opposite Atira, Behind Shaligram Apartment, Dr. Vikram Sarabhai Road,
Vastrapur, Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
24.03.1956 |
|
Date of Appointment : |
22.04.2010 |
|
DIN No.: |
03033401 |
|
|
|
|
Name : |
Ms. Anjali Niraj Mistry |
|
Designation : |
Whole Time Director |
|
Address : |
11, Shyamkunj Society, Ambawadi, Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
28.08.1970 |
|
Date of Appointment : |
22.04.2010 |
|
DIN No.: |
03033423 |
|
|
|
|
Name : |
Ruchi Ketankumar Mistry |
|
Designation : |
Director |
|
Address : |
Atira, Behind Saligram Appll, Dr. Virkram Sarabhai Road, Vastrapur, Ahmedabad-380015,
Gujarat, India |
|
Date of Birth/Age : |
20.06.1990 |
|
Date of Appointment : |
01.12.2012 |
|
DIN No.: |
06426518 |
KEY EXECUTIVES
|
Name : |
Mr. K.C. Pandya |
|
Designation : |
Chief Financial Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 19.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Manilal Mistry |
|
330901 |
|
Ketankumar Manilal Mistry |
|
350001 |
|
Nirajbhai Vijaybhai Mistry |
|
119100 |
|
Ruche Ketan Mistry |
|
50000 |
|
Rekha Ketan Mistry |
|
50000 |
|
Total |
|
900002 |
As on 19.08.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the infrastructure development activities mainly
bridges, canal structures, flyovers harbor works and other allied
construction activities. |
GENERAL INFORMATION
|
Customers : |
|
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||
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||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Thacker Bhutala Desai Chartered Accountant |
|
Address : |
G-21/22, Tanariri Apartment, Asha Baug, Navsari-396445, Gujarat, India
|
|
Tel. No.: |
91-2637-257207 |
|
PAN No.: |
AAAFT2158E |
CAPITAL STRUCTURE
As on 19.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900002 |
Equity Shares |
Rs.10/- each |
Rs.9.000 Millions |
|
|
|
|
|
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 |
|
9.000 |
9.000 |
|
(b) Reserves & Surplus |
|
378.515 |
319.231 |
|
(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) |
|
387.515 |
328.231 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
2.231 |
2.174 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
2.231 |
2.174 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
6.550 |
0.000 |
|
(b) Trade
payables |
|
70.882 |
151.544 |
|
(c) Other
current liabilities |
|
33.174 |
7.538 |
|
(d) Short-term
provisions |
|
11.021 |
0.816 |
|
Total Current
Liabilities (4) |
|
121.628 |
159.898 |
|
|
|
|
|
|
TOTAL |
|
511.373 |
490.303 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
162.306 |
168.860 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
48.068 |
21.181 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
55.996 |
36.979 |
|
Total Non-Current
Assets |
|
266.370 |
227.020 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
30.419 |
31.048 |
|
(c) Trade
receivables |
|
69.812 |
94.645 |
|
(d) Cash
and cash equivalents |
|
77.293 |
75.394 |
|
(e)
Short-term loans and advances |
|
67.237 |
61.158 |
|
(f) Other
current assets |
|
0.242 |
1.038 |
|
Total
Current Assets |
|
245.003 |
263.283 |
|
|
|
|
|
|
TOTAL |
|
511.373 |
490.303 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
240.566 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
249.566 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.250 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
250.816 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
80.309 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
30.517 |
|
|
Sundry Debtors |
|
|
25.673 |
|
|
Cash & Bank Balances |
|
|
118.815 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
58.505 |
|
Total
Current Assets |
|
|
233.510 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
63.003 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
63.003 |
|
|
Net Current Assets |
|
|
170.507 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
250.816 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
844.600 |
664.882 |
560.190 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
125.059 |
118.698 |
89.879 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.535 |
1.194 |
0.311 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
119.524 |
117.504 |
89.568 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
27.907 |
17.936 |
13.920 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
91.617 |
99.568 |
75.648 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
32.333 |
20.000 |
26.563 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
59.284 |
79.568 |
49.085 |
|
|
|
|
|
|
|
|
|
|
Deferred Tax |
0.000 |
(0.924) |
0.309 |
|
|
|
Earlier year’s
excess provision w/off |
0.000 |
0.021 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
256.134 |
177.469 |
168.876 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
5.000 |
|
|
|
Dividend |
0.000 |
0.000 |
30.600 |
|
|
|
Tax on Dividend |
0.000 |
0.000 |
5.201 |
|
|
BALANCE CARRIED
TO THE B/S |
315.418 |
256.134 |
177.469 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
65.87 |
88.41 |
54.54 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
42.54
|
14.98
|
13.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.77
|
21.22
|
24.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.30
|
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.02
|
0.00
|
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.01
|
1.60
|
3.71 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT: NOT AVAILABLE
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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 |
Yes |
|
19] |
Payments terms |
No |
|
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 |
Yes |
REVIEW OF OPERATIONS
The Company's performance was continued to be excellent during the year. The Company has secured business of Rs.844.600 Millions i.e. increase of about 27% over previous years business of Rs.664.882 Millions There were inflationary conditions in addition to the hikes in fuel prices, raw materials and other overheads. The Company has also continued to secure .prestigious orders The Company has to incur capital expenditure of Rs 15.649 Millions on machineries The Company has purchased and acquired premises at prime location in the City of Ahmedabad for construction of its office for administrative conveniency. The Construction of office building is in progress and an amount of Rs.48.068 Millions has been incurred so far The Company has earned a profit of Rs.91.617 Millions as against profit of Rs.99.568 Millions - earned curing the previous year
The market for infrastructure projects continued to remain competitive. However, the Company has enjoyed its market reputation and secured orders worth about Rs.1100.000 Millions from the Surat Municipal Corporation for construction of four bridges in the City of Surat in the State of Gujarat. The Company hopes to complete the projects on hand successfully
CONTINGENT
LIABILITIES:
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
|
Guarantee given by bank |
209.955 |
201.204 |
|
Income Tax Liability |
45.356 |
45.356 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
80019123 |
04/04/2013 * |
245,000,000.00 |
ORIENTAL BANK OF COMMERCE |
ASLALI BRANCH, AHMEDABAD, Gujarat - 382427, INDIA |
B74077751 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Store Building
·
Office Building
·
Pre Fabricated Site
Office
·
Plant and Machinery
·
Office Equipment
·
Furniture and Fixtures
·
Other Equipment
·
Electric Installation
·
Computer
·
Air Conditions
·
Vehicles
·
Heavy 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 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.61.46 |
|
|
1 |
Rs.98.99 |
|
Euro |
1 |
Rs.84.72 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
53 |
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.