MIRA
INFORM REPORT
|
Report Date : |
19.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
P C GLOBAL MERCHANDISING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-24, Panchsheel Enclave, |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
01.04.2003 |
|
|
|
|
Com. Reg. No.: |
55-119673 |
|
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|
|
Capital
Investment / Paid-up Capital : |
Rs.8.846 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51311DL2003PTC119673 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP10150A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP9641D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer of ladies garments. |
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|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. Rating reflects sound financial risk profile marked by improvement in
performance of the company. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
N E W S
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 their share goes up further
in the coming years. China may surpass the US over the next few 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 India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
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
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. 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.
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. Sudeep Ranjan Goel |
|
Designation : |
Managing director |
|
Contact No.: |
91-9811038414 |
|
Date : |
18.08.2014 |
LOCATIONS
|
Registered Office : |
B-24, Panchsheel Enclave, New Delhi – 110017, India |
|
Tel. No.: |
91-11-26496118/41748136 |
|
Mobile No.: |
91-9811038414 (Mr. Sudeep Goel) |
|
Fax No.: |
91- 11-26495494 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Factory : |
A-15, Sector 64, G Nagar, Noida – 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4243670 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Sudeep Ranjan Goel |
|
Designation : |
Managing director |
|
Address : |
B-24, Panchsheel Enclave, New Delhi – 110017, India |
|
Date of Birth/Age : |
19.12.1965 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
00098693 |
|
|
|
|
Name : |
Ruchi Goel |
|
Designation : |
Director |
|
Address : |
B-24, Panchsheel Enclave, New Delhi – 110017, India |
|
Date of Birth/Age : |
27.10.1966 |
|
Date of Appointment : |
01.04.2003 |
|
DIN No.: |
00098695 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sudeep Ranjan Goel |
|
701209 |
|
Ruchi Goel |
|
128000 |
|
Kanta Goel |
|
55400 |
|
Total |
|
884609 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of ladies garments. |
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|
|
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Exports : |
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|
Products : |
Finished Goods |
|
Countries : |
·
Europe ·
US |
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Terms : |
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Selling : |
Cash and Credit, Cheque |
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Purchasing : |
Cash and Credit, Cheque |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers ·
End Users |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
Punjab National Bank, Triveni Complex, Chirag Delhi,
Sheikh Sarai, Delhi - 110017, Delhi, India |
||||||||||||||||||
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Facilities : |
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Banking
Relations : |
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Auditors : |
|
|
Name : |
KSA AND Company Chartered Accountants |
|
Address : |
K-8, Ground Floor, Jangpura Extension, New Delhi – 110014, India |
|
Tel. No.: |
91-11-24323155 |
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Mobile No.: |
91-9811061238 |
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Fax No.: |
91-11-24323156 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABCFS5635C |
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|
|
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Significant
Influence: |
· Futurist Infrastructure Private Limited · Plazza Computer |
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital : Rs.
10.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 10.055
Millions
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
884609 |
Equity Shares |
Rs.10/- each |
Rs. 8.846
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 |
8.846 |
8.846 |
8.846 |
|
(b) Reserves & Surplus |
34.473 |
24.946 |
17.924 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
5.924 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
49.243 |
33.792 |
26.770 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.671 |
12.278 |
15.155 |
|
(b) Deferred tax liabilities
(Net) |
1.640 |
2.097 |
1.966 |
|
(c) Other long term
liabilities |
7.253 |
11.634 |
1.680 |
|
(d) long-term provisions |
0.017 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
23.581 |
26.009 |
18.801 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
36.070 |
26.370 |
6.705 |
|
(b) Trade payables |
9.693 |
4.608 |
11.481 |
|
(c) Other current liabilities |
0.901 |
4.259 |
0.753 |
|
(d) Short-term provisions |
4.458 |
3.424 |
1.748 |
|
Total
Current Liabilities (4) |
51.122 |
38.661 |
20.687 |
|
|
|
|
|
|
TOTAL |
123.946 |
98.462 |
66.258 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
49.135 |
49.970 |
44.531 |
|
(ii) Intangible Assets |
0.000 |
0.051 |
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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.060 |
0.060 |
0.060 |
|
(e) Other Non-current assets |
0.363 |
0.362 |
1.500 |
|
Total
Non-Current Assets |
49.558 |
50.443 |
46.091 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
45.775 |
36.541 |
8.418 |
|
(c) Trade receivables |
16.517 |
7.677 |
6.829 |
|
(d) Cash and cash equivalents |
0.876 |
1.284 |
2.905 |
|
(e) Short-term loans and
advances |
11.220 |
2.517 |
2.015 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
74.388 |
48.019 |
20.167 |
|
|
|
|
|
|
TOTAL |
123.946 |
98.462 |
66.258 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
120.388 |
90.915 |
29.417 |
|
|
Other Income |
29.820 |
26.794 |
19.467 |
|
|
TOTAL
|
150.208 |
117.709 |
48.884 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
Manufacturing Expenses |
121.320 |
100.216 |
34.224 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.300) |
(11.025) |
(0.082) |
|
|
Employees benefits expense |
9.493 |
7.788 |
4.330 |
|
|
Other expenses |
8.910 |
7.520 |
2.737 |
|
|
TOTAL |
130.423 |
104.499 |
41.209 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
19.785 |
13.210 |
7.675 |
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
5.276 |
1.909 |
1.901 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
14.509 |
11.301 |
5.774 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
1.729 |
1.667 |
0.936 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
12.780 |
9.634 |
4.832 |
|
|
|
|
|
|
|
|
TAX |
3.696 |
2.480 |
3.468 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
9.530 |
7.022 |
0.392 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Export Sales |
116.698 |
90.550 |
29.273 |
|
|
Freight Recovered |
7.271 |
2.134 |
0.691 |
|
|
TOTAL
EARNINGS |
123.969 |
92.684 |
29.964 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
10.77 |
7.94 |
3.92 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
180.000 |
The above information has been parted by Mr. Sudeep Ranjan Goel
(Managing director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.34 |
5.97 |
0.80 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.62 |
10.60 |
16.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.31 |
9.78 |
7.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.29 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.03 |
1.14 |
0.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46 |
1.24 |
0.97 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
8.846 |
8.846 |
8.846 |
|
Reserves & Surplus |
17.924 |
24.946 |
34.473 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
5.924 |
|
Net
worth |
26.770 |
33.792 |
49.243 |
|
|
|
|
|
|
long-term borrowings |
15.155 |
12.278 |
14.671 |
|
Short term borrowings |
6.705 |
26.370 |
36.070 |
|
Total
borrowings |
21.860 |
38.648 |
50.741 |
|
Debt/Equity
ratio |
0.817 |
1.144 |
1.030 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
29.417 |
90.915 |
120.388 |
|
|
|
209.056 |
32.418 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
29.417 |
90.915 |
120.388 |
|
Profit |
0.392 |
7.022 |
9.530 |
|
|
1.33% |
7.72% |
7.92% |
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
four 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 |
No |
|
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
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
From Banks |
11.816 |
1.871 |
|
From Related Party |
2.151 |
9.404 |
|
Short-term
borrowings |
|
|
|
Bill Negotiation/Purchase |
11.493 |
7.161 |
|
Packing Credit Limit |
24.577 |
19.209 |
|
Total |
50.037 |
37.645 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10503308 |
24/04/2014 |
30,000,000.00 |
PUNJAB NATIONAL BANK |
TRIVENI COMPLEX, SHEIKH SARAI, CHIRAG DELHI, NEW DELHI, DELHI - 110017, INDIA |
C06758247 |
|
2 |
10482932 |
13/03/2014 |
5,000,000.00 |
PUNJAB NATIONAL BANK |
TRIVENI COMPLEX, CHIRAG DELHI, SHEIKH SARAI, DELHI, DELHI - 110017, INDIA |
B98621329 |
|
3 |
10482925 |
14/02/2014 |
7,500,000.00 |
PUNJAB NATIONAL BANK |
TRIVENI COMPLEX, CHIRAG DELHI, SHEIKH SARAI, DELHI, DELHI - 110017, INDIA |
B98620149 |
|
4 |
10474035 |
30/12/2013 |
70,000,000.00 |
PUNJAB NATIONAL BANK |
TRIVENI COMPLEX, CHIRAG DELHI, SHEIKH SARAI, DELHI, DELHI - 110017, INDIA |
B94879798 |
|
5 |
10396922 |
10/01/2013 |
15,025,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B65861361 |
|
6 |
10384892 |
11/10/2012 |
2,500,000.00 |
PUNJAB NATIONAL BANK |
CHIRAG DELHI BRANCH TRIVENI COMPLEX, SHEIKH SARAI PHASE-I, NEW DELHI, DELHI - 110017, INDIA |
B61528030 |
|
7 |
10176664 |
22/03/2013 * |
115,500,000.00 |
PUNJAB NATIONAL BANK |
CHIRAG DELHI, TRIVENI COMPLEX SHEIKH SARAI-1, NEW DELHI, DELHI - 110017, INDIA |
B74707829 |
* Date of charge modification
CONTINGENT
LIABILITIES: (As on 31.03.2013)
Company has given a security of Rs 0.020 Million to Delhi Sales Tax Department.
FIXED ASSETS
TANGIBLE ASSET
· Land
· Factory Building
· Electrical Equipment
· Fire Equipment
· Furnitures and Fixtures
· Machinery
· Security Camera
· Office Equipment
INTANGIBLE ASSET
· Software
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.61.06 |
|
|
1 |
Rs.101.84 |
|
Euro |
1 |
Rs.81.56 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.