MIRA
INFORM REPORT
|
Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
SONAA
ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
308-310,
"Shubham" 11A, Kumbha Nagar, New Fatehpura, |
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Country : |
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|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
02.08.1983 |
|
|
|
|
Com. Reg. No.: |
17-002776 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.8.955
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299RJ1983PTC002776 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in the business of
trading in electrical goods and undertaking job of contracts as well as
supplies of traded goods. |
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|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an
established company having moderate track record. The rating is
constrained on account of modest scale of business operation and declining in
profitability of the company during financial year 2013. However, trade
relations are fair. Business is active. Payment terms are reported to be 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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
NEWS
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the share goes up further in the
coming years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20%! Equities came in second with annualized
return of 15.5%! However, while these returns may seem mouthwatering, the fact
is that the return from equities adjusted for inflation came down to just 7.1
%.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
.
. Ukrain’s clashes with rebels hinder MH17 crash investigation
.
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs.10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: BB |
|
Rating Explanation |
Inadequate degree of safety and high credit risk. |
|
Date |
March 11, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
March 11, 2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Himanshu Agarwal |
|
Designation : |
Project Coordinator |
|
Contact No.: |
91-294-2526102 |
|
Date : |
30.07.2014 |
LOCATIONS
|
Registered Office/ Head Office : |
308-310,
"Shubham" 11A, Kumbha Nagar, New Fatehpura, |
|
Tel. No.: |
91-294-2526102/ 2527696 |
|
Fax No.: |
91-294-2526302 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office : |
B-18, Shiv Marg, |
|
Tel. No.: |
91-141-2202238 |
|
Fax No.: |
91-141-2203081 |
|
E-Mail : |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Ashok Kumar Shah |
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|
Designation : |
Director |
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Address : |
22, New Polo Ground, Near |
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|
Date of Birth/Age : |
15.09.1950 |
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|
Date of Appointment : |
02.08.1983 |
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DIN No.: |
01119955 |
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Other Directorship:
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|||||||||||||||||||||||||||
|
Name : |
Mr. Kul Pradeep Singh |
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|
Designation : |
Director |
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|
Address : |
4, New Fatehpura, Burhani, |
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|
Date of Birth/Age : |
19.07.1948 |
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Date of Appointment : |
02.08.1983 |
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DIN No.: |
01202585 |
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|||||||||||||||||||||||||||
|
Name : |
Mr. Dilip Singh |
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|
Designation : |
Director |
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|
Address : |
39, Padmavati Complex, Bhuwana, |
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Date of Birth/Age : |
09.10.1949 |
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Date of Appointment : |
02.08.1983 |
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DIN No.: |
01202622 |
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|
|||||||||||||||||||||||||||
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Name : |
Mr. Santosh Kumar Agarwal |
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Designation : |
Director |
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|
Address : |
1, Navlok New Navratan, Near Ridhi Sidhi Complex, Rhuwana, |
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Date of Birth/Age : |
21.07.1950 |
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Date of Appointment : |
02.08.1983 |
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DIN No.: |
01202664 |
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Other Directorship:
|
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Vikas Ram Kripal Dusad |
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|
Designation : |
Director |
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|
Address : |
21, Vidyut Nagar-A, |
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Date of Birth/Age : |
03.11.1972 |
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Date of Appointment : |
30.09.2009 |
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DIN No.: |
02030642 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Himanshu Agarwal |
|
Designation : |
Project Coordinator |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Kumar Shah |
|
14850 |
|
Kul Pradeep Singh |
|
12750 |
|
Dilip Singh |
|
14250 |
|
Santosh Kumar Agarwal |
|
14850 |
|
Kanak Lata Singh |
|
3000 |
|
Vikas Dusad |
|
3900 |
|
Sushila Khandelwal |
|
13950 |
|
Sandhya Singh |
|
2700 |
|
Sudha Dhanopiya |
|
900 |
|
Nirmala Shah |
|
2400 |
|
Usha Agarwal |
|
1200 |
|
Himanshu Agarwal |
|
1800 |
|
Arun Shah |
|
600 |
|
Mudit Singh |
|
2400 |
|
Total
|
|
89550 |
AS ON 27.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of
trading in electrical goods and undertaking job of contracts as well as
supplies of traded goods. |
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|
|
Terms : |
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Selling : |
L/C and Credit |
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|
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Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Customers : |
End Users · Enercon India Limited · Mahindra Solar One Private Limited · Reliance Industries Limited · OPG Energy Private Limited · Ajmer Vidyut Vitaran Nigam Limited · Jaipur Vidyut Vitaran Nigam Limited · Jodhpur Vidyut Vitaran Nigam Limited · Malana Power Company Limited ·
· National Thermal Power Corporation · Rajasthan Rajya Vidyut Prasaran Nigam Limited ·
HRH Group of Hotels, · National Building Construction Limited ·
R-Kay Mall, · Aditya Cement Works, Shambhupura (Rajasthan) · J.K. Cement Works, Nimbaheda (M.P.) · Wonder Cement Limited Nimbaheda (Rajasthan) · Hindustan Petroleum Limited · Hindustan Zinc Limited · Indian Oil Corporation Limited ·
· Wolkem India Limited · Bhilwara Spinners Limited, Bhilwara (Rajasthan) · Hindustan Zinc Limited, Rajpura Dariba (Rajasthan) · Hindustan Zinc Limited, Chanderiya (Rajasthan) ·
Hindustan Zinc Limited, ·
Zawar Mines, ·
Rampura Agucha Mines, |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
·
State Bank of ·
Punjab National Bank, ·
Axis Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institutions : |
Tata Capital Limited |
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Auditors : |
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|
Name : |
Nyati and Associates Chartered Accountants |
|
Address : |
87, Chetak Marg, |
|
PAN No.: |
AACFN0300N |
|
|
|
|
Associates : |
·
Amol Enterprises ·
HB Engineers Private Limited ·
Nav Chetanya Technical Advisors Private Limited ·
Nyati Associates ·
Sanjay Mathur and Associates ·
Vikas Controls and Switchgears |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
99500 |
Equity Shares |
Rs.100/- each |
Rs.9.950 millions |
|
500 |
Preference Shares |
Rs.100/- each |
Rs.0.050 million |
|
|
Total
|
|
Rs.10.000
millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
89550 |
Equity Shares |
Rs.100/-
each |
Rs.8.955
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 |
8.955 |
8.955 |
8.955 |
|
(b) Reserves & Surplus |
46.005 |
39.816 |
32.566 |
|
(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) |
54.960 |
48.771 |
41.521 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
28.011 |
31.392 |
19.027 |
|
(b) Deferred tax liabilities (Net) |
0.366 |
0.362 |
0.535 |
|
(c) Other long
term liabilities |
36.705 |
37.047 |
0.892 |
|
(d) Long-term
provisions |
1.028 |
1.215 |
1.320 |
|
Total Non-current
Liabilities (3) |
66.110 |
70.016 |
21.774 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
10.555 |
8.899 |
11.214 |
|
(b)
Trade payables |
41.361 |
113.954 |
38.952 |
|
(c) Other
current liabilities |
18.147 |
12.029 |
10.299 |
|
(d) Short-term
provisions |
3.584 |
5.061 |
3.595 |
|
Total Current
Liabilities (4) |
73.647 |
139.943 |
64.060 |
|
|
|
|
|
|
TOTAL |
194.717 |
258.730 |
127.355 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
9.707 |
10.222 |
10.126 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
14.450 |
14.427 |
16.556 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.202 |
3.312 |
5.587 |
|
(e) Other
Non-current assets |
5.874 |
7.469 |
7.311 |
|
Total Non-Current
Assets |
31.233 |
35.430 |
39.580 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
4.003 |
3.682 |
3.518 |
|
(b)
Inventories |
2.529 |
2.089 |
3.619 |
|
(c)
Trade receivables |
144.422 |
200.331 |
65.675 |
|
(d) Cash
and cash equivalents |
2.682 |
1.623 |
1.033 |
|
(e)
Short-term loans and advances |
9.584 |
14.720 |
13.380 |
|
(f)
Other current assets |
0.264 |
0.855 |
0.550 |
|
Total
Current Assets |
163.484 |
223.300 |
87.775 |
|
|
|
|
|
|
TOTAL |
194.717 |
258.730 |
127.355 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
235.281 |
480.770 |
277.199 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.229 |
13.680 |
9.118 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.350 |
1.571 |
1.054 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
9.879 |
12.109 |
8.064 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.167 |
3.818 |
2.440 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
6.712 |
8.291 |
5.624 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
27.320 |
20.070 |
15.489 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
0.448 |
0.896 |
0.895 |
|
|
|
Tax on Proposed Dividend |
0.076 |
0.145 |
0.148 |
|
|
BALANCE CARRIED
TO THE B/S |
33.508 |
27.320 |
20.070 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
74.96 |
92.59 |
62.80 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
580.000 |
|
|
|
|
|
The above information has been parted by Mr. Himanshu Agarwal (Project
Coordinator).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.48 |
4.96 |
7.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.25 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.70 |
0.83 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.22 |
1.60 |
1.37 |
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 |
8.955 |
8.955 |
8.955 |
|
Reserves & Surplus |
32.566 |
39.816 |
46.005 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
41.521 |
48.771 |
54.960 |
|
|
|
|
|
|
Long-term borrowings |
19.027 |
31.392 |
28.011 |
|
Short term borrowings |
11.214 |
8.899 |
10.555 |
|
Total borrowings |
30.241 |
40.291 |
38.566 |
|
Debt/Equity ratio |
0.728 |
0.826 |
0.702 |
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) |
|
Turnover |
277.199 |
480.770 |
235.281 |
|
|
|
73.439 |
(51.062) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Turnover |
277.199 |
480.770 |
235.281 |
|
Profit |
5.624 |
8.291 |
6.712 |
|
|
2.03% |
1.72% |
2.85% |
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 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10122664 |
02/08/2008 |
3,000,000.00 |
PUNJAB NATIONAL BANK |
|
A45925765 |
|
2 |
10011051 |
20/12/2010 * |
100,000,000.00 |
STATE BANK OF |
COMMERCIAL BRANCH, RIDHI
SIDHI,4-C, MADHUBAN, |
B03223385 |
|
3 |
90071974 |
30/08/1997 |
250,000.00 |
ORIENTAL BANK OF COMMERCE |
|
- |
|
4 |
90072053 |
07/01/1992 |
175,000.00 |
THE |
|
- |
|
5 |
90071959 |
03/05/1991 |
3,472,971.00 |
ORIENTAL BANK OF COMMERCE |
|
- |
*
Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances
from related parties |
19.715 |
26.931 |
|
Other loans and
advances |
8.125 |
3.538 |
|
Total |
27.840 |
30.469 |
COMPANY OVERVIEW:
The Company is a private limited Company and the
Company is engaged in the business of trading in electrical goods and
undertaking job of contracts as well as supplies of traded goods. The Company
was incorporated on 2nd August, 1983.
FIXED ASSETS:
·
Land
·
Site Development
·
Building
·
Tools and Machinery
·
Generator
·
Tippers
·
Type Writer
·
Electrical Installation
·
Furniture and Fixtures
·
Computer
·
Office Equipment
·
Air Conditioner
·
Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.25 |
|
|
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.