1. Summary Information
|
Country |
India |
||
|
Company Name |
INDRAYANI SALES PRIVATE LIMITED |
Principal Name 1 |
Mr. Rahul Maruti Zine |
|
Status |
Moderate |
Principal Name 2 |
Ms. Smita Zine |
|
Registration # |
11-155147 |
||
|
Street Address |
3/128, Rahul Mittal Industrial Estate, Andheri-Kurla
Road, Mumbai – 400059, Maharashtra, India |
||
|
Established Date |
05.08.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-40404040 (100 lines) |
Business Style 1 |
Manufacturer |
|
Fax # |
91-22-40404242 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Laser Toner Cartridge |
|
|
# of employees |
80 (Approximately) |
Product Name 2 |
Chemical Toner Powder |
|
Paid up capital |
Rs.
20,000,000/- |
Product Name 3 |
Wiper Plate |
|
Shareholders |
Bodies corporate – 77.50%, Others – 22.50% |
Banking |
Punjab National
Bank |
|
Public Limited Corp. |
No |
Business Period |
08 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(36) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
- |
- |
- |
- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2007 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
58,581,000 |
Current Liabilities |
4,162,000 |
|
Inventories |
62,576,000 |
Long-term Liabilities |
118,160,000 |
|
Fixed Assets |
37,955,000 |
Other Liabilities |
14,234,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
136,556,000 |
|
Invest& other Assets |
1,737,000 |
Retained Earnings |
4,293,000 |
|
|
|
Net Worth |
24,293,000 |
|
Total Assets |
160,849,000 |
Total Liab. & Equity |
160,849,000 |
|
Total Assets (Previous Year) |
110,787,000 |
|
|
|
P/L Statement as of |
31.03.2007 |
(Unit: Indian Rs.) |
|
|
Sales |
257,212,000 |
Net Profit |
5,580,000 |
|
Sales(Previous yr) |
186,050,000 |
Net Profit(Prev.yr) |
5,753,000 |
MIRA INFORM REPORT
|
Report Date : |
01.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
INDRAYANI SALES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3/128, Rahul Mittal Industrial Estate, Andheri-Kurla
Road, Mumbai – 400059, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
05.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-155147 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2005PTC155147 |
|
|
|
|
IEC No.: |
0305088840 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMI07069G MUMI07578E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCI3891F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Cartridge. (Importer of Laser Toner Cartridge,
Chemical Toner Powder, OPC Drum, Wiper Plate, Primary Magnetic Roller and
Printer Chips. Ink.) |
|
|
|
|
No. of Employees: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 97000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
external borrowing seems to be huge which act as a threat to the liquidity
position. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. 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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took
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
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.
LOCATIONS
|
Registered Office : |
3/128, Rahul Mittal Industrial Estate, Andheri-Kurla
Road, Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40404040 (100 lines) |
|
Fax No.: |
91-22-40404242 |
|
E-Mail : |
|
|
Web site: |
|
|
|
|
|
Factory : |
Plot No. N-1/1 and 1/2 , Additional Patalganga Industrial Area, MIDC,
Raigad – 410220, Maharashtra, India |
|
Tel No.: |
91-22-40404040 |
|
Fax No.: |
91-22-40404242 |
|
Area : |
20000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
4226/1, Gali No 14, Ansari Road, Darya Ganj, Delhi 110002, India |
|
Tel. No.: |
91-11-43583040 |
|
E-Mail : |
|
|
Area : |
1000 sq. ft. |
|
Location : |
Rented |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Rahul Maruti Zine |
|
Designation : |
Director |
|
Address : |
Plot No.2, Shreeram Colony, Sandesh Nagar, Vasant Tekadi, Ahmednagar –
414003, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1976 |
|
Qualification : |
MBA |
|
Date of Appointment: |
05.08.2005 |
|
DIN No.: |
01630016 |
|
|
|
|
Name : |
Ms. Smita Zine |
|
Designation : |
Director |
MAJOR SHAREHOLDERS
As on 28.09.2012
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Rahul Maruti Zine |
1400000 |
70.00% |
|
Prashant Maruti Zine |
150000 |
7.50% |
|
Bhagyshree Shashikant Mahawarkar |
450000 |
22.50% |
|
Total |
2000000 |
100.00% |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Bodies corporate |
77.50 |
|
Other top fifty shareholders |
22.50 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cartridge. (Importer of Laser Toner Cartridge,
Chemical Toner Powder, OPC Drum, Wiper Plate, Primary Magnetic Roller and
Printer Chips. Ink.) |
GENERAL INFORMATION
|
No. of Employees : |
80 (Approximately) |
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S.S. Gurav and Associates Chartered Accountants |
|
Address : |
D 2/ 507, Haria Dream Park, Mira Bhayender, Mira Road, Thane,
Maharashtra, India |
|
Mobile No.: |
91-9223538157 |
|
E-Mail : |
|
|
PAN No.: |
AADPG4613L |
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital0 |
|
|
20.000 |
|
(b) Reserves & Surplus |
|
|
4.293 |
|
(c) Money
received against share warrants |
|
|
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
|
0.0000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
|
24.293 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
|
47.529 |
|
(b) Deferred tax liabilities (Net) |
|
|
0.581 |
|
(c) Other long term
liabilities |
|
|
0.000 |
|
(d) long-term
provisions |
|
|
0.000 |
|
Total Non-current
Liabilities (3) |
|
|
48.110 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
|
70.631 |
|
(b) Trade
payables |
|
|
4.162 |
|
(c) Other
current liabilities |
|
|
13.653 |
|
(d) Short-term
provisions |
|
|
0.000 |
|
Total Current
Liabilities (4) |
|
|
88.446 |
|
|
|
|
|
|
TOTAL |
|
|
160.849 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
|
37.955 |
|
(ii)
Intangible Assets |
|
|
0.000 |
|
(iii)
Capital work-in-progress |
|
|
0.000 |
|
(iv)
Intangible assets under development |
|
|
0.000 |
|
(b) Non-current Investments |
|
|
0.000 |
|
(c) Deferred tax assets (net) |
|
|
0.000 |
|
(d) Long-term Loan and Advances |
|
|
0.000 |
|
(e) Other
Non-current assets |
|
|
00000 |
|
Total Non-Current
Assets |
|
|
37.955 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
0.000 |
|
(b)
Inventories |
|
|
62.576 |
|
(c) Trade
receivables |
|
|
52.521 |
|
(d) Cash
and cash equivalents |
|
|
1.205 |
|
(e)
Short-term loans and advances |
|
|
4.855 |
|
(f) Other
current assets |
|
|
1.737 |
|
Total
Current Assets |
|
|
122.894 |
|
|
|
|
|
|
TOTAL |
|
|
160.849 |
|
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 |
|
13.713 |
7.960 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
18.713 |
12.960 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
58.388 |
27.477 |
|
|
2] Unsecured Loans |
|
19.511 |
17.203 |
|
|
TOTAL BORROWING |
|
77.899 |
44.680 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
96.612 |
57.640 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
23.316 |
9.675 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
47.671
|
25.320
|
|
|
Sundry Debtors |
|
30.572
|
37.349
|
|
|
Cash & Bank Balances |
|
0.105
|
0.102
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
8.693
|
13.808
|
|
Total
Current Assets |
|
87.041 |
76.579 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
12.873
|
21.099
|
|
|
Other Current Liabilities |
|
1.302
|
8.376
|
|
|
Provisions |
|
0.000
|
0.000
|
|
Total
Current Liabilities |
|
14.175 |
29.475 |
|
|
Net Current Assets |
|
72.866
|
47.104
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.430 |
0.861 |
|
|
|
|
|
|
|
|
TOTAL |
|
96.612 |
57.640 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
257.212 |
186.050 |
133.160 |
|
|
|
Other Income |
0.000 |
0.114 |
0.221 |
|
|
|
TOTAL (A) |
257.212 |
186.164 |
133.381 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
193.066 |
143.135 |
99.157 |
|
|
|
Employee Benefit Expenses |
17.457 |
12.680 |
9.633 |
|
|
|
Other Expenses |
24.562 |
0.000 |
0.000 |
|
|
|
Administrative Overheads |
0.000 |
6.662 |
5.821 |
|
|
|
Selling Overheads |
0.000 |
8.928 |
8.176 |
|
|
|
TOTAL (B) |
235.085 |
171.405 |
122.787 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
22.127 |
14.759 |
10.594 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.610 |
6.528 |
3.746 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.517 |
8.231 |
6.848 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.857 |
1.118 |
0.975 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.660 |
7.113 |
5.873 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.080 |
1.360 |
1.581 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.580 |
5.753 |
4.292 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13.713 |
7.960 |
3.668 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
19.293 |
13.713 |
7.960 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.46 |
11.506 |
8.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.17
|
3.09
|
3.22
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.98
|
3.82
|
4.41
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.23
|
6.44
|
6.81
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.38
|
0.45
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.86
|
4.16
|
3.45
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39
|
6.14
|
2.60
|
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 |
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 |
No |
|
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 |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
Intercorporate
Deposits |
1.236 |
|
Loans from
directors |
8.232 |
|
Others |
19.106 |
|
Total |
28.574 |
INDEX OF CHARGE:
|
Sr .No |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10330936
|
23/12/2011
|
10,000,000.00
|
PUNJAB
NATIONAL BANK |
SEEPZ BRANCH, SEEPZ ANDHERI
EAST, SEEPZ, ANDHERI EAST, MUMBAI, Maharashtra - 400096, INDIA |
B30296875
|
|
2 |
10020641
|
24/06/2006
|
8,000,000.00
|
Punjab
National Bank |
Branch ID - 1186, Malad East Branch,,
Daftari Road, Mumbai-97, Mumbai, Maharashtra - 400097, INDIA |
A02301323
|
|
3 |
10086952
|
23/07/2013
* |
108,098,000.00
|
PUNJAB
NATIONAL BANK |
SEEPZ BRANCH, SEEPZ, ANDHERI
EAST, MUMBAI, Maharashtra - 400096, INDIA |
B82619925
|
PROGRESS OF THE COMPANY
During
the year, The Company achieved Turnover of Rs. 257.212 Millions as compared
with Rs. 186.050 Millions in
the previous year, registered a growth of 39%. The products of the Company are
in good demand. The directors of the Company are taking huge efforts to
increase the turnover of the
Company. They intend to set up branches in metro cities of the country so at to
make the products of the company locally available to almost all parts of the
country.
Construction
work of the factory building at Patalganga MIDC has been completed. The Cartage
remanufacturing work has already been started at the factory.
Company has received good response for remanufactured cartages. In near future,
directors of the Company expects to achieve very good turnover from this
particular activity,
Through
various exhibitions, efforts are being made to update the Company about the
requirements of the customers as well as to inform the people at large about
the various range products Company has.
Directors
of the Company taking all possible efforts to grow the Company vertically by
increasing the product line as well horizontally by developing new segments in
the imaging industry.
FIXED ASSETS:
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. 66.57 |
|
|
1 |
Rs. 103.34 |
|
Euro |
1 |
Rs. 88.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
36 |
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.