MIRA INFORM REPORT
|
Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
LIRCO COMPOSITES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.528, At. Village Sampa, Dehgam Rakhiyal Road, Taluka Dehgam,
District Gandhinagar, Dehgam – 382315, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.11.2011 |
|
|
|
|
Com. Reg. No.: |
04-067976 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25202GJ2011PTC067976 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Single Layer WPC, PVC, Roof Proof Boards,
Multilayer PVC and WPC, Industrial PVC from Board Sheet, etc. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 38000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having a moderate track record. Mr. Anil, from
administration department provided complete details and confirmed that the
company has started its manufacturing operations from October 2013. As per the available financials of first six months of its operations,
the management has reported a loss during 2013. The ratings also take into consideration the increasing external
borrowings which may act as a threat to the liquidity position. However, trade relations appear to be fair. Business is active.
Payment terms are reported as slow but correct. The company can be considered for business dealings with great
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 (30.06.2013) |
Current Rating (30.09.2013) |
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of 4.9
%, Fitch Rating said. The global rating agency expects the economy to pick up
in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Arvind Patel |
|
Designation : |
Director |
|
Contact No.: |
91-9825356790 |
|
Date : |
21.03.2014 |
|
|
|
|
Name : |
Mr. Anil |
|
Designation : |
Admin Department |
|
Date : |
21.03.2014 |
LOCATIONS
|
Registered Office / Corporate Office / Factory : |
Plot No.528, At. Village Sampa, Dehgam Rakhiyal Road, Taluka Dehgam, District
Gandhinagar, Dehgam – 382315, Gujarat, India |
|
Tel. No.: |
91-2712-321719 |
|
Mobile No.: |
91-9825511107 (Mr. Prakash) 91-9825356790 (Mr. Arvind Vastaram Patel) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
7000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Arvind Vastaram Patel |
|
Designation : |
Director |
|
Address : |
2, Vinayak Park, Behind Atithi Hotel, Dehgam, District Gandhinagar – 382305, Gujarat, India |
|
Date of Birth/Age : |
02.01.1972 |
|
Date of Appointment : |
25.11.2011 |
|
DIN No.: |
00642946 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U17119GJ1998PTC034524 |
BANSIDHAR COTTON
PROCESSING PRIVATE LIMITED |
Director |
13/08/1998 |
13/08/1998 |
Active |
NO |
|
2 |
U25202GJ2011PTC067976 |
LIRCO COMPOSITES
PRIVATE LIMITED |
Director |
25/11/2011 |
25/11/2011 |
Active |
NO |
|
Name : |
Mr. Prakash Ambalal Patel |
|
Designation : |
Director |
|
Address : |
Panchawati Farm, Dehgam, District Gandhinagar – 282305, Gujarat, India |
|
Date of Birth/Age : |
30.11.1978 |
|
Date of Appointment : |
25.11.2011 |
|
DIN No.: |
02599086 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U35914GJ1995PTC026652 |
VINAYAK COLD
STORAGE PRIVATE LIMITED |
Director |
04/01/2007 |
04/01/2007 |
Active |
NO |
|
2 |
U25202GJ2011PTC067976 |
LIRCO COMPOSITES
PRIVATE LIMITED |
Director |
25/11/2011 |
25/11/2011 |
Active |
NO |
|
Name : |
Mr. Jagdish Chunilal Patel |
|
Designation : |
Director |
|
Address : |
Vinayak Park-2, Behind Atithi Hotel Dehgam, District Gandhinagar – 282305, Gujarat, India |
|
Date of Birth/Age : |
29.04.1983 |
|
Date of Appointment : |
25.11.2011 |
|
DIN No.: |
03300279 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U17119GJ1998PTC034524 |
BANSIDHAR COTTON
PROCESSING PRIVATE LIMITED |
Director |
30/09/2010 |
31/08/2010 |
Active |
NO |
|
2 |
U25202GJ2011PTC067976 |
LIRCO COMPOSITES
PRIVATE LIMITED |
Director |
25/11/2011 |
25/11/2011 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Anil |
|
Designation : |
Admin Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Arvind Vastaram Patel |
60000 |
|
Patel Prakash Ambalal |
45000 |
|
Patel Jagdish Chunilal |
17500 |
|
Vastaram Kanjibhai Patel |
64500 |
|
Chhaganlal Vastaram Patel |
7500 |
|
Anil Chunilal Patel |
1000 |
|
Chunilal Kanjibhai Patel |
81000 |
|
Javerben Chunilal Patel |
2500 |
|
Gangaram Jayantilal Patel |
42400 |
|
Jayantilal Kanjibhai Patel |
50000 |
|
Kishore J. Patel |
3600 |
|
Amitkumar Valjibhai Patel |
27500 |
|
Amitkumar Valjibhai Patel HUF |
10000 |
|
Chandrakant Valjibhai Patel |
32500 |
|
Hansaben Hareshbhai Patel |
13750 |
|
Hareshbhai Valjibhai Patel |
22500 |
|
Premilaben Chandrakant Patel |
33750 |
|
Valji Premjibhai Patel (HUF) |
10000 |
|
Ambalal Punjabhai Patel |
14000 |
|
Punjabhai Ramjibhai Patel |
1000 |
|
Chirag Rameshbhai Patel |
17500 |
|
Dhiren Rameshbhai Patel |
42500 |
|
TOTAL |
600000 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Single Layer WPC, PVC, Roof Proof Boards,
Multilayer PVC and WPC, Industrial PVC from Board Sheet, etc. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Patel Mohan Ramesh and Company Chartered Accountants |
|
Address : |
C-20, 2nd Floor, Galaxy Avenue, National Highway-8, Naroda - 382330,
Ahmedabad, Gujarat, India |
|
Tel. No.: |
91-2712-22813383 |
|
PAN No.: |
AABFP5408N |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
6.000 |
0.300 |
|
(b) Reserves & Surplus |
|
3.637 |
0.000 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
8.165 |
|
Total
Shareholders’ Funds (1) + (2) |
|
9.637 |
8.465 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
27.375 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
27.375 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
6.474 |
0.000 |
|
(b) Trade payables |
|
0.218 |
0.000 |
|
(c) Other current liabilities |
|
2.870 |
0.045 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
9.562 |
0.045 |
|
|
|
|
|
|
TOTAL |
|
46.574 |
8.510 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
30.173 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
1.191 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.700 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.923 |
0.000 |
|
(d) Long-term Loan and
Advances |
|
1.620 |
0.045 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
33.416 |
1.236 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
10.628 |
0.000 |
|
(c) Trade receivables |
|
1.409 |
0.000 |
|
(d) Cash and cash equivalents |
|
0.307 |
0.600 |
|
(e) Short-term loans and
advances |
|
0.814 |
6.674 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
13.158 |
7.274 |
|
|
|
|
|
|
TOTAL |
|
46.574 |
8.510 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
2.794 |
|
|
Other Income |
|
|
0.000 |
|
|
TOTAL
(A) |
|
|
2.794 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
|
9.760 |
|
|
Direct Manufacturing Expenses |
|
|
0.653 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(8.717) |
|
|
Employees benefits expense |
|
|
0.279 |
|
|
Other expenses |
|
|
0.650 |
|
|
TOTAL
(B) |
|
2.625 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
|
|
0.169 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
1.474 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
(1.305) |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
1.681 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
|
|
(2.986) |
|
|
|
|
|
|
|
Less |
TAX
(I) |
|
|
(0.923) |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
|
|
(2.063) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Purchase
Capital Goods |
|
|
12.978 |
|
|
TOTAL
IMPORTS |
|
|
12.978 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
(3.44) |
Expected Sales (2013-2014) : Rs. 20.000 Millions
The above information has been parted by Mr. Anil.
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
|
PAT / Total Income |
(%) |
|
(73.84) |
NA |
|
|
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
|
(106.87) |
NA |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
|
(6.64) |
NA |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
|
(0.31) |
NA |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
|
3.51 |
0.00 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
|
1.38 |
161.64 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
0.300 |
6.000 |
|
Reserves & Surplus |
0.000 |
3.637 |
|
Net
worth |
0.300 |
9.637 |
|
|
|
|
|
long-term borrowings |
0.000 |
27.375 |
|
Short term borrowings |
0.000 |
6.474 |
|
Total
borrowings |
0.000 |
33.849 |
|
Debt/Equity
ratio |
0.000 |
3.512 |
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
one years |
Yes |
|
12] |
Profitability for last
one years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
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 Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
LONG-TERM BORROWINGS |
|
|
|
Loans from related parties |
|
|
|
From Directors & Relatives |
13.017 |
0.000 |
|
|
|
|
|
TOTAL |
13.017 |
0.000 |
INDEX OF CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10373506 |
24/08/2012 |
9,000,000.00 |
THE UNION CO-OPERATIVE BANK LIMITED |
H.O. NARODA, NARODA, AHMEDABAD, GUJARAT -
382330, |
B56811086 |
|
2 |
10369882 |
09/08/2012 |
19,000,000.00 |
THE UNION CO-OPERATIVE BANK LIMITED |
H.O. NARODA, NARODA, AHMEDABAD, GUJARAT -
382330, |
B45435682 |
|
3 |
10369880 |
07/08/2012 |
28,000,000.00 |
THE UNION CO-OPERATIVE BANK LIMITED |
H.O. NARODA, NARODA, AHMEDABAD, GUJARAT -
382330, |
B45435179 |
OPERATIONS
The Revenue from operations during the year is
Rs.2.794 Millions (Previous year Rs. 0/-). Company has incurred net
Profit(-Loss) of Rs.-2.063 Millions (Previous year profit(-Loss) of Rs.0/-)
after tax.
TRADE REFERENCES
- Reliance Industries
Limited
- N H
Marketing, Mumbai
FIXED ASSETS
- Building
- Plant and Machinery
- Electrification
- Weigh Scales
- Computer
- Telephone Equipments
- Furniture and Fixtures
- Dead Stock
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. 60.38 |
|
|
1 |
Rs. 101.63 |
|
Euro |
1 |
Rs. 83.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
26 |
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.