MIRA
INFORM REPORT
|
Report Date : |
29.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
U K B ELECTRONICS PRIVATE LIMITED
|
|
|
|
|
Registered
Office : |
7, Functional Industrial Estate, Patparganj, Delhi – 110092 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
17.05.2004 |
|
|
|
|
Com. Reg. No.: |
55-126250 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.98.220 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109DL2004PTC126250 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELU02479B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU6815C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Supplying of Power Cords Assembly, Lamp
Holders, Power Cords and Allied Products. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 1520000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. External borrowing of the company has increased as compared to
previous year. Rating also takes into consideration limited pricing power on account
of fragmented nature of market. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Fund Based Limit: BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit
risk |
|
Date |
May, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Non Fund Based Limit: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
May, 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 DECLINED BY
|
Name : |
Mr. Sumit Kumar |
|
Designation : |
Purchases Manager |
|
Contact No.: |
91-9958222990 |
|
Date : |
21.04.2014 |
LOCATIONS
|
Registered Office : |
7, Functional Industrial Estate, Patparganj, Delhi – 110092,
India |
|
Tel. No.: |
91-11-22150140 |
|
Mobile No.: |
91-9958222990 (Mr. Sumit Kumar) |
|
Fax No.: |
91-11-22150139 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory/ Corporate Office: |
C-119/118, Sector 63, Gautam Budh Nagar, District Noida – 201301,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-4208515 |
|
|
|
|
Branch Office : |
Located at: · Delhi · Noida · Goa · Pune · Chennai |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Arun Kumar Tayal |
|
Designation : |
Whole-time Director |
|
Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
|
Date of Birth/Age : |
13.05.1958 |
|
Date of Appointment : |
17.05.2004 |
|
PAN No.: |
AAYPT1653L |
|
DIN No.: |
00359128 |
|
|
|
|
Name : |
Mr. Pradeep Kumar Tayal |
|
Designation : |
Whole-time Director |
|
Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
|
Date of Birth/Age : |
22.03.1961 |
|
Date of Appointment : |
17.05.2004 |
|
PAN No.: |
ABBPT8634K |
|
DIN No.: |
01500232 |
|
|
|
|
Name : |
Mr. Manoj Tayal |
|
Designation : |
Whole-time Director |
|
Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
|
Date of Birth/Age : |
04.08.1968 |
|
Date of Appointment : |
17.05.2004 |
|
PAN No.: |
ABJPT0956G |
|
DIN No.: |
01348097 |
|
|
|
|
Name : |
Mr. Vinay Kumar Tayal |
|
Designation : |
Whole-time Director |
|
Address : |
Hasanpur Luhari, District Muzaffarnagar – 247 131, |
|
Date of Birth/Age : |
11.04.1972 |
|
Date of Appointment : |
17.05.2004 |
|
PAN No.: |
ACHPT4715G |
|
DIN No.: |
00359327 |
KEY EXECUTIVES
|
Name : |
Mr. Sumit Kumar |
|
Designation : |
Purchases Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Name of
Shareholders |
|
No of
Shares |
|
Arun Kumar Tayal |
|
5000 |
|
Pradeep Kumar Tayal |
|
254700 |
|
Manoj Kumar Tayal |
|
588000 |
|
Vinay Kumar Tayal |
|
125000 |
|
Surender Bansal |
|
6000 |
|
Vijender Bansal |
|
7500 |
|
Ranveer Singh |
|
13500 |
|
Rama |
|
20000 |
|
Shiv Shanker Tripathi |
|
20000 |
|
Rama Shanker Tripathi |
|
20000 |
|
Dinesh Kumar HUF |
|
100 |
|
Prabhat Kumar HUF |
|
100 |
|
Rahul Agarwal |
|
100 |
|
Nutan Tayal |
|
200000 |
|
Renu Tayal |
|
140000 |
|
O.S. Creations Private Limited, |
|
2550000 |
|
Manglam Cold Storage Private Limited, |
|
3600000 |
|
Sanco Ind Limited, India |
|
200000 |
|
New Generation Advertising Private Limited, India |
|
260000 |
|
Manak Commercial (Private) Limited, India |
|
136000 |
|
Bhavya Aluminium Private Limited, India |
|
270000 |
|
Shiv Dura Marketing Private Limited, India |
|
260000 |
|
Mangal Kalas Services Private Limited, India |
|
270000 |
|
Ranchor Electronics Private Limited, India |
|
240000 |
|
Intelligent Share Brokers Private Limited, India |
|
136000 |
|
Softindigo Software Private Limited, India |
|
250000 |
|
Amples Hotel and Resorts Private Limited, UK |
|
250000 |
|
|
|
|
|
Total |
|
9822000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
85.75 |
|
Directors or relatives of directors |
|
13.36 |
|
Other top fifty shareholders |
|
0.89 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplying of Power Cords Assembly, Lamp
Holders, Power Cords and Allied Products. |
GENERAL INFORMATION
|
Customers : |
· American Power Conversion · Carrier · MIDEA · IFB · HCL · LG · GORENJE · Panasonic · Samsung · TVS · Videocon · Whirlpool · Haier · Acer · Hitachi · GE · Wipro · Philips · Bajaj · Schneider |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India SIB Branch, Navyug Market, Ghaziabad – 201 001, Uttar Pradesh, India ·
HDFC
Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India ·
ICICI Bank Limited |
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R. S. Garg and Associates Chartered Accountants |
|
Address : |
Shivalaya,
61/40 Laxman Vihar Jansath Road New Mandi Muzaffarnagar, India |
|
PAN No.: |
AAUPG1302R |
CAPITAL STRUCTURE
(AS ON 30.09.2013)
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9822000 |
Equity Shares |
Rs.10/- each |
Rs.98.220
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 |
98.220 |
77.500 |
70.000 |
|
(b) Reserves & Surplus |
281.639 |
210.248 |
129.650 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1)+(2) |
379.859 |
287.748 |
199.650 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
68.177 |
29.496 |
40.025 |
|
(b) Deferred tax liabilities (Net) |
2.847 |
2.595 |
2.025 |
|
(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) |
71.024 |
32.091 |
42.050 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
159.274 |
132.472 |
117.141 |
|
(b) Trade payables |
133.812 |
192.880 |
175.249 |
|
(c) Other current
liabilities |
24.286 |
17.769 |
17.790 |
|
(d) Short-term provisions |
7.157 |
4.648 |
2.928 |
|
Total Current Liabilities (4) |
324.529 |
347.769 |
313.108 |
|
|
|
|
|
|
TOTAL |
775.412 |
667.608 |
554.808 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
228.389 |
211.939 |
155.947 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
2.731 |
1.111 |
16.970 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.271 |
5.669 |
5.325 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
236.391 |
218.719 |
178.242 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
235.959 |
190.186 |
139.786 |
|
(c) Trade receivables |
260.454 |
215.161 |
197.952 |
|
(d) Cash and cash
equivalents |
10.877 |
11.574 |
4.361 |
|
(e) Short-term loans and
advances |
14.793 |
11.985 |
16.161 |
|
(f) Other current assets |
16.938 |
19.983 |
18.306 |
|
Total Current Assets |
539.021 |
448.889 |
376.566 |
|
|
|
|
|
|
TOTAL |
775.412 |
667.608 |
554.808 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
1363.569 |
1120.311 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
22.942 |
19.459 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.494 |
6.362 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
15.448 |
13.097 |
12.286 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
48.747 |
35.650 |
23.364 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
64.195 |
48.747 |
35.650 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.57 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
1.68
|
0.02 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.97
|
2.92 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.07 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.60
|
0.56 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.66
|
1.29 |
1.20 |
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 |
70.000 |
77.500 |
98.220 |
|
Reserves & Surplus |
129.650 |
210.248 |
281.639 |
|
Net worth |
199.650 |
287.748 |
379.859 |
|
|
|
|
|
|
long-term borrowings |
40.025 |
29.496 |
68.177 |
|
Short term borrowings |
117.141 |
132.472 |
159.274 |
|
Total borrowings |
157.166 |
161.968 |
227.451 |
|
Debt/Equity ratio |
0.787 |
0.563 |
0.599 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Turnover |
|
1120.311 |
1363.569 |
|
|
|
|
21.713 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR in Mlns) |
(INR in Mlns) |
|
Turnover |
|
1120.311 |
1363.569 |
|
Profit |
|
13.097 |
15.448 |
|
|
|
1.17% |
1.13% |
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two 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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term
Borrowings |
|
|
|
Deposits from others |
0.457 |
0.224 |
|
Loans and Advances from Others |
58.703 |
18.973 |
|
|
|
|
|
Total |
59.160 |
19.197 |
NOTE:
The Registered office of the company has been shifted form 348, Functional
Industrial Estate, Patpar Ganj, Delhi – 110 092, India, to the present address
w.e.f. 15.05.2011.
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10473575 |
21/01/2014 |
35,832,974.00 |
SIEMENS FINANCIAL
SERVICES PRIVATE LIMITED |
130, PANDURANG BUDHKAR
MARG,, WORLI, MUMBAI, MAHARASHTRA - 400018, INDIA |
B94708427 |
|
2 |
10465560 |
30/11/2013 |
50,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W , MUMBAI, MAHARASHTRA - 400013, INDIA |
B91705574 |
|
3 |
10095422 |
05/01/2013 * |
252,800,000.00 |
STATE BANK OF INDIA |
SME BRANCH, GHAZIABAD,
UTTAR PRADESH - 201010, INDIA |
B66847559 |
* Date of charge modification
FIXED ASSETS:
·
Land
·
Building
·
Factory
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Motor Vehicles
·
Office Equipment
·
Computer
·
Other Equipments
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] 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.60.50 |
|
|
1 |
Rs.101.69 |
|
Euro |
1 |
Rs.83.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
|
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.