1. Summary Information
|
Country |
India |
||
|
Company Name |
RAJSHILA
SYNTHETICS PRIVATE LIMITED |
Principal Name 1 |
Mr. Amit Agarwal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Raj Kumar Agarwal |
|
Registration # |
55-191897 |
||
|
Street Address |
Vikas Surya
Plaza, Plot No.1, Room No.105, Block – CU, 1st Floor, LSC Market,
Pitampura, Delhi – 110088 |
||
|
Established Date |
06.07.2009 |
SIC Code |
-- |
|
Telephone# |
91-11-27343475/ 42686938 |
Business Style 1 |
Trader |
|
Fax # |
91-11-27343476 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Rubber Chemicals |
|
|
# of employees |
Not Divulged |
Product Name 2 |
Synthetics Rubber |
|
Paid up capital |
Rs. 2,353,000/- |
Product Name 3 |
Natural Rubber |
|
Shareholders |
Directors or
relatives of Directors – 99.99 % Other top fifty (50) shareholders – 0.01 % |
Banking |
Oriental Bank of
Commerce |
|
Public Limited Corp. |
No |
Business Period |
5 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (28) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
390,584,000 |
Current Liabilities |
286,406,000 |
|
Inventories |
119,867,000 |
Long-term Liabilities |
174,196,000 |
|
Fixed Assets |
3,452,000 |
Other Liabilities |
10,564,000 |
|
Deferred Assets |
123,000 |
Total Liabilities |
471,166,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
40,507,000 |
|
|
|
Net Worth |
42,860,000 |
|
Total Assets |
514,026,000 |
Total Liab. & Equity |
514,026,000 |
|
Total Assets (Previous Year) |
377,868,000 |
|
|
|
P/L Statement as of |
31.03.2013 |
(Unit: Indian Rs.) |
|
|
Total Revenue |
1,158,190,000 |
Net Profit |
7,711,000 |
|
Total Revenue (Previous yr) |
961,648,000 |
Net Profit(Prev.yr) |
7,479,000 |
MIRA INFORM REPORT
|
Report Date : |
01.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAJSHILA SYNTHETICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Vikas Surya Plaza, Plot No.1, Room No.105, Block – CU, 1st
Floor, LSC Market, Pitampura, Delhi – 110088 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.07.2009 |
|
|
|
|
Com. Reg. No.: |
55-191897 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.353 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909DL2009PTC191897 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
RTKR06188A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR4728D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Rubber Chemicals, Additives, Synthetics Rubber,
Footwear, Natural Rubber, V Belts, Hoses, Cables |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 172000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Profit margin of the company is low. However, trade relations are reported to be fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product from
$31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in exports
and moderation in gold imports. Manufacturing activity and new orders in India
showed their strongest growth in a year in February. The news comes as a relief
after data showed Asia’s third largest economy grew by a slower-than-expected
4.7 % annually in the three months through December. The HSBC Manufacturing
Purchasing Managers’ Index which gauges the business activity of India’s
factories but not its’ utilities, rose to 52.5 in February, its highest in a
year from 51.4 in January. Overall new orders for factory goods which rose to a
one-year high of 54.9 contributed to the surge. China has emerged as India’s
biggest trading partner in the current financial year replacing the United Arab
Emirates and pushing it to the third spot. India-China trade has reached $49.5
billion with a 8.7 % share in India’s total trade. The US comes second at $46
billion with 8.1 % share during the first nine months of the current financial
year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
BB (Long Term Bank Facilities) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
16.05.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A4+ (Short Term Bank Facilities) |
|
Rating Explanation |
Minimal degree of safety. It carry very high credit risk. |
|
Date |
16.05.2013 |
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 DENIED
Management Non Co-operatives
Contact No. : 91-11-27343475
LOCATIONS
|
Registered Office : |
Vikas Surya Plaza, Plot No.1, Room No.105, Block – CU, 1st Floor,
LSC Market, Pitampura, Delhi – 110088, India |
|
Tel. No.: |
91-11-27343475/ 42686938 |
|
Mobile No.: |
91-9871293424 (Mr. Raj Kumar Agarwal) 91-9810015465 (Mr. Amit Agarwal) |
|
Fax No.: |
91-11-27343476 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Haryana Office : |
Badkhalsa District, Sonepat - 131029, Haryana, India |
|
|
|
|
Warehouse : |
KH. No.253/2, 275, 274/2, 276, Extended Lal Dora, Allpura.
New Delhi-110036, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Amit Agarwal |
|
Designation : |
Director |
|
Address : |
F-176, Prashant Vihar, New Delhi – 110085, India |
|
Date of Birth/Age : |
26.02.1977 |
|
Date of Appointment : |
06.07.2009 |
|
DIN No.: |
02597721 |
|
|
|
|
Name : |
Mr. Raj Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
F-176, Prashant Vihar, New Delhi – 110085, India |
|
Date of Birth/Age : |
01.09.1950 |
|
Date of Appointment : |
06.07.2009 |
|
DIN No.: |
02597772 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Amit Agarwal |
204114 |
|
Raj Kumar Agarwal |
31168 |
|
Madanlal HUF |
1 |
|
Satish Kumar Bansal HUF |
1 |
|
Subhas Chand Garg |
1 |
|
Vishwanath Mangaliwala and Sons HUF |
1 |
|
Gopal Krishan Goyal |
1 |
|
Gopal Krishan Goyal and Sons HUF |
1 |
|
Pradeep Kumar Agarwal |
1 |
|
Shiv Prakash and Sons HUF |
1 |
|
Shiv Prakash Goyal |
1 |
|
Sita Devi |
1 |
|
Nirmal Kumar Goyal and Sons HUF |
1 |
|
Sharda Devi Goyal |
1 |
|
Meenakshi Goyal |
1 |
|
Madhu Suman Goyal |
1 |
|
Mukul Goyal |
1 |
|
Deepak Kumar Goyal HUF |
1 |
|
Sarita Agarwal |
1 |
|
Anita Saria |
1 |
|
Dinesh Saria |
1 |
|
Arun Kumar Saria |
1 |
|
Ashita Jain |
1 |
|
Jhanwar Lal Baid |
1 |
|
Girdhari Lal Ram Swaroop |
1 |
|
Total |
235305 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
99.99 |
|
Other top fifty (50) shareholders |
0.01 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Rubber Chemicals, Additives, Synthetics Rubber,
Footwear, Natural Rubber, V Belts, Hoses, Cables |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sodani and Company Chartered Accountant |
|
Address : |
2nd Floor, SCO-35, District Shopping Centre, Sector-16,
Faridabad-121002, Haryana, India |
|
PAN No.: |
AAFFS7590A |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1550000 |
Equity Shares |
Rs.10/- each |
Rs. 15.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
235305 |
Equity Shares |
Rs.10/- each |
Rs. 2.353
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.353 |
1.625 |
0.500 |
|
(b) Reserves & Surplus |
40.507 |
20.274 |
2.671 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
8.627 |
0.301 |
|
Total
Shareholders’ Funds (1) + (2) |
42.860 |
30.526 |
3.472 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
114.000 |
107.885 |
43.724 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
114.000 |
107.885 |
43.724 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
60.196 |
27.123 |
0.000 |
|
(b) Trade
payables |
278.031 |
199.383 |
176.044 |
|
(c) Other
current liabilities |
10.564 |
8.976 |
11.494 |
|
(d) Short-term
provisions |
8.375 |
3.975 |
1.338 |
|
Total Current
Liabilities (4) |
357.166 |
239.457 |
188.876 |
|
|
|
|
|
|
TOTAL |
514.026 |
377.868 |
236.072 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.452 |
3.432 |
2.119 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.123 |
0.063 |
0.017 |
|
(d) Long-term Loan and Advances |
4.310 |
2.799 |
10.581 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
7.885 |
6.294 |
12.717 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
119.867 |
83.013 |
78.136 |
|
(c) Trade
receivables |
312.119 |
226.598 |
119.041 |
|
(d) Cash
and cash equivalents |
28.709 |
33.638 |
4.402 |
|
(e)
Short-term loans and advances |
30.919 |
20.415 |
21.739 |
|
(f) Other
current assets |
14.527 |
7.910 |
0.037 |
|
Total
Current Assets |
506.141 |
371.574 |
223.355 |
|
|
|
|
|
|
TOTAL |
514.026 |
377.868 |
236.072 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL REVENUE |
1158.190 |
961.648 |
292.159 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1144.969 |
949.591 |
288.169 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
13.221 |
12.057 |
3.990 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.171 |
0.644 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
12.050 |
11.413 |
3.990 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.339 |
3.934 |
1.320 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
7.711 |
7.479 |
2.670 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
32.77 |
46.02 |
53.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.67 |
0.78 |
0.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.34 |
3.02 |
1.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.37 |
1.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.06
|
4.42
|
12.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
1.55
|
1.18 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
0.500 |
1.625 |
2.353 |
|
Reserves & Surplus |
2.671 |
20.274 |
40.507 |
|
Share Application money
pending allotment |
0.301 |
8.627 |
0.000 |
|
Net
worth |
3.472 |
30.526 |
42.860 |
|
|
|
|
|
|
long-term borrowings |
43.724 |
107.885 |
114.000 |
|
Short term borrowings |
0.000 |
27.123 |
60.196 |
|
Total
borrowings |
43.724 |
135.008 |
174.196 |
|
Debt/Equity
ratio |
12.593 |
4.423 |
4.064 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Revenue |
292.159 |
961.648 |
1,158.190 |
|
|
|
229.152 |
20.438 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Revenue |
292.159 |
961.648 |
1,158.190 |
|
Profit After Tax |
2.670 |
7.479 |
7.711 |
|
|
0.91% |
0.78% |
0.67% |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
one years |
Yes |
|
12] |
Profitability for last
two 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 |
Yes |
UNSECURED LOAN
|
Particulars |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
Intercorporate borrowings |
88.177 |
87.119 |
|
Loans from Directors and Their Relatives |
5.748 |
1.200 |
|
Loans from Shareholders |
19.681 |
19.260 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Intercorporate borrowings |
13.853 |
2.000 |
|
Loans and advances from others |
2.720 |
0.000 |
|
TOTAL |
130.179 |
109.579 |
FINANCIAL POSITION
The company has made a net profit after tax of Rs. 7.711 Millions after providing
for provision for tax of Rs. 4.400 Millions and creating deferred tax assets of
Rs. 0.064 Million.
VIEW INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10271483 |
13/12/2013 * |
309,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
D BLOCK, CENTRAL
MARKET, PRASHANT VIHAR, ROHINI, |
B93577864 |
* Date of charge modification
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. 60.10 |
|
|
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
NVA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.