MIRA
INFORM REPORT
|
Report Date : |
06.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUNBEAM AUTO PRIVATE LIMITED (w.e.f.
19.05.2010) |
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Formerly Known
As : |
SUNBEAM AUTO LIMITED (w.e.f. 12.09.1996) SUNBEAM CASTINGS LIMITED |
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Registered
Office : |
38/6 K. M. Stone Delhi Jaipur Highway, Narshingh Pur, P. O. Box No.7,
District Gurgaon -122 001, Haryana |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.05.1996 |
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Com. Reg. No.: |
05-33093 |
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Capital
Investment / Paid-up Capital : |
Rs.55.322 Millions |
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CIN No.: [Company
Identification No.] |
U27104HR1996PTC033093 |
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|
TAN No.: [Tax Deduction
& Collection Account No.] |
RTKS04348B |
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PAN No.: [Permanent
Account No.] |
AABCS2948F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of sale of automotive components. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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Maximum Credit Limit : |
USD 6900000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track. Financial position of the company seems to be decent. Trade relations are reported as fair. Business is active. Payment terms
are reported to be regular and as per commitments. The company can be considered normal for business dealings at usual
trade 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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau of Investigation
arrested Manumeethi Cholan
after he accepted Rs 10 lakhs
as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central
Bank of Rs 4360 mn.
Infosys maintains revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has
chosen India to pilot its e-commerce business model for the Asia-Pacific
region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real
estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs
7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to sack another 300 employees. The
lay-offs follow a spate of senior-level exits over the past two years, starting
with of its founder. The overall lay-offs could number around 600 and are
driven by the need to cut costs, says a former employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: AA- |
|
Rating Explanation |
Have high degree of safety and carry very low credit risk. |
|
Date |
03.11.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A1+ |
|
Rating Explanation |
Have very strong degree of safety and carry credit risk. |
|
Date |
03.11.2014 |
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 DENIED
MANAGEMENT NON-COOPERATIVE (91-124-4129200)
LOCATIONS
|
Registered Office/Factory 1 : |
38/6 K. M. Stone Delhi Jaipur Highway, Narshingh Pur, P. O. Box No.7,
District Gurgaon -122 001, Haryana,
India |
|
Tel. No.: |
91-124-4129200 / 26 / 66 |
|
Mobile : |
91-9811692118 (Mr. Vivek) |
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Fax No.: |
91-124-4129751-52 |
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E-Mail : |
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Website : |
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Area : |
20 Acres |
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Location : |
Owned |
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Head Office : |
323/A, Panshel Park, New Delhi, India |
|
Location : |
Rented |
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Factory 2 : |
Industrial Area, Tapukara, District Alwar, Bhiwadi – 301 707,
Rajasthan, India |
|
Area : |
10 Acres |
DIRECTORS
As on 20.09.2014
|
Name : |
Mr. Ashok Kumar Munjal |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
40, Ghitorni, Opposite National Building
Construction Corporation Limited, Mehrauli, Gurgaon Road, New Delhi – 110030, India |
|
Date of Birth/Age : |
14.02.1951 |
|
Qualification : |
LLB |
|
Date of Appointment : |
01.04.2013 |
|
Voter ID : |
YR12049088 |
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PAN No.: |
ADQPM8088B |
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DIN No.: |
00003843 |
|
Note: Mr. Ashok Kumar Munjal Designation was changed from Managing Director to Chairman cum Managing Director on Board Meeting held on 30th April, 2013. |
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Name : |
Ms. Neelam Munjal |
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Designation : |
Director |
|
Address : |
40, Ghitorni, Opposite National Building
Construction Corporation Limited, Mehrauli, Gurgaon Road, New Delhi – 110030, India |
|
Date of Birth/Age : |
26.10.1954 |
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Qualification : |
MA |
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Date of Appointment : |
21.09.2010 |
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Voter ID : |
YT12049096 |
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DIN No.: |
00003850 |
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Name : |
Mr. Surinder Kumar Mehta |
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Designation : |
Director |
|
Address : |
HM 147, Punjab Housing Board Colony, Jamalpur,
Ludhiana – 141010, Punjab, India |
|
Date of Birth/Age : |
06.12.1934 |
|
Date of Appointment : |
16.03.2001 |
|
DIN No.: |
00002888 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Ashok Kumar Munjal |
204060 |
3.69 |
|
Neelam Munjal |
55530 |
1.00 |
|
Neelam and Ashok Munjal |
36000 |
0.65 |
|
Ashok Kumar Munjal |
5236620 |
94.66 |
|
Total |
5532210 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 20.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
5.34 |
|
Other |
94.66 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of sale of automotive
components. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
·
State Bank of India, Commercial Branch, 6th
Floor, Palm Court, Gurgaon - 122001, Haryana, India ·
Yes Bank Limited, 9th Floor, Nehru Centre,
Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra,
India ·
Standard Chartered Bank, Credit Documentation
Unit, Narain Manzil, 23 Barakhamba Road, New Delhi - 110001, India ·
Citibank N.A, DLF Square, M Block, Jacaranda Marg, DLF City, Phase II, Gurgaon
- 122002, Haryana, INDIA |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
B. D. Bansal and Company Chartered Accountants |
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Address : |
34 A,Court Road, Amritsar, Punjab, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFB0018J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Enterprise
Exercising Control over the company: |
· Munjal Holdings |
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Enterprise over
which relatives of Key Management Personnel or his relatives exercise
significant influence Companies: |
· Munjal Castings · Maruti Insurance Broking Private Limited |
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Subsidiary of the
Company: |
· Sunglow Industries Private Limited, India [U27101HR2010PTC041516] |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Millions |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5532210 |
Equity Shares |
Rs.10/- each |
Rs.55.322
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
55.322 |
55.322 |
55.322 |
|
(b) Reserves & Surplus |
2359.270 |
2149.724 |
1890.389 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
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|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2414.592 |
2205.046 |
1945.711 |
|
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|
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(3) Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
0.000 |
160.635 |
431.427 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
42.526 |
32.010 |
62.417 |
|
(d) long-term provisions |
15.923 |
14.705 |
8.663 |
|
Total
Non-current Liabilities (3) |
58.449 |
207.350 |
502.507 |
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
538.220 |
387.918 |
290.823 |
|
(b) Trade payables |
1603.862 |
1589.423 |
1655.131 |
|
(c) Other current liabilities |
328.767 |
396.786 |
315.506 |
|
(d) Short-term provisions |
73.298 |
141.438 |
127.811 |
|
Total
Current Liabilities (4) |
2544.147 |
2515.565 |
2389.271 |
|
|
|
|
|
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TOTAL |
5017.188 |
4927.961 |
4837.489 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
1768.271 |
1868.020 |
1882.390 |
|
(ii) Intangible Assets |
16.187 |
23.587 |
31.754 |
|
(iii) Capital work-in-progress |
8.617 |
23.766 |
156.703 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
11.302 |
11.275 |
12.140 |
|
(c) Deferred tax assets (net) |
121.131 |
74.221 |
54.666 |
|
(d) Long-term Loan and Advances |
50.613 |
40.377 |
40.182 |
|
(e) Other Non-current assets |
0.104 |
0.096 |
0.038 |
|
Total
Non-Current Assets |
1976.225 |
2041.342 |
2177.873 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
828.853 |
796.799 |
813.070 |
|
(c) Trade receivables |
1894.982 |
1639.965 |
1572.407 |
|
(d) Cash and cash equivalents |
2.475 |
4.636 |
58.110 |
|
(e) Short-term loans and
advances |
307.837 |
437.078 |
209.062 |
|
(f) Other current assets |
6.816 |
8.141 |
6.967 |
|
Total
Current Assets |
3040.963 |
2886.619 |
2659.616 |
|
|
|
|
|
|
TOTAL |
5017.188 |
4927.961 |
4837.489 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
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Income |
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|
Other Income |
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TOTAL
|
13414.400 |
13772.600 |
13020.900 |
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EXPENSES |
12411.600 |
12715.900 |
11722.500 |
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
1002.800 |
1056.700 |
1298.400 |
|
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DEPRECIATION/
AMORTISATION |
367.700 |
397.600 |
332.300 |
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|
PROFIT/
(LOSS) BEFORE TAX |
505.200 |
573.100 |
824.700 |
|
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TAX |
163.100 |
177.900 |
278.800 |
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PROFIT/
(LOSS) AFTER TAX |
342.100 |
395.200 |
545.900 |
|
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|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1819.500 |
1590.900 |
1150.600 |
|
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PRIOR
PERIOD TAX ADJUSTMENT |
(31.000) |
(6.400) |
(3.200) |
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APPROPRIATIONS |
|
|
|
|
|
Dividend (Recommended) |
110.600 |
110.600 |
55.300 |
|
|
Dividend Tax |
18.800 |
18.800 |
9.000 |
|
|
Transfer to General/from
Hedging Reserve |
(35.500) |
(30.700) |
(38.300) |
|
|
Balance
Carried to the B/S |
1993.500 |
1819.500 |
1590.800 |
|
|
|
|
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|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
61.84 |
71.44 |
98.68 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.36 |
11.89 |
17.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.26 |
0.42 |
|
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|
|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
0.22 |
0.25 |
0.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.15 |
1.11 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
55.322 |
55.322 |
55.322 |
|
Reserves & Surplus |
1890.389 |
2149.724 |
2359.270 |
|
Net
worth |
1945.711 |
2205.046 |
2414.592 |
|
|
|
|
|
|
long-term borrowings |
431.427 |
160.635 |
0.000 |
|
Short term borrowings |
290.823 |
387.918 |
538.220 |
|
Total
borrowings |
722.250 |
548.553 |
538.220 |
|
Debt/Equity
ratio |
0.371 |
0.249 |
0.223 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
13020.900 |
13772.600 |
13414.400 |
|
|
|
5.773 |
-2.601 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
13020.900 |
13772.600 |
13414.400 |
|
Profit |
545.900 |
395.200 |
342.100 |
|
|
4.19% |
2.87% |
2.55% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
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 |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS:
The Company registered Gross Sales turnover of Rs. 13414.400 Millions as against Rs. 13772.600 Millions thus registering decline of 2.6% over previous year. In quantitative terms, the sales decreased from 37065 MTs to 33259MTs.
The exports made impressive growth in current year. The export stood at Rs.1501.300 Millions as against Rs. 1389.300 Millions of previous year registering growth of 8% over previous year. Profit before Tax stood at Rs. 505.200 Millions as against Rs. 573.100 Millions of previous year.
FUTURE PROSPECTS:
Company has been witnessing steady growth and is looking forward for growth in current year. In its newly established facility at Tapukara expects to achieve overall capacity utilization of 80 % during the Financial Year 2014-2015. Looking forward, Company foresees a tremendous potential in generating employment.
COMPANYS BACKGROUND
Subject was incorporated on 2nd May, 1996 as Sunbeam Castings Limited (subsequently changed to Sunbeam Auto Limited). M/s. Sunbeam Castings (A unit of Highway Cycle Industries Limited) was established in 1986 for manufacture of Aluminium Die Cast Components in Gurgaon, Haryana. The unit was transferred to Sunbeam Auto Limited on a going concern basis on 1st April, 1999. The name of the Company is changed from Sunbeam Auto Limited to Sunbeam Auto Private Limited w.e.f.19th May 2010
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10528601 |
16/10/2014 |
600,000,000.00 |
CITI BANK N.A. |
DLF SQUARE, M
BLOCK, JACARANDA MARG,, DLF CITY, P |
C31939366 |
|
2 |
10502195 |
26/05/2014 |
100,000,000.00 |
DBS BANK LTD. |
CAPITAL POINT, BABA
KHARAK SINGH MARG,, CONNAUGHT |
C06208482 |
|
3 |
10441254 |
10/07/2013 |
150,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
6TH FLOOR, PALM COURT, GURGAON |
B81282592 |
|
4 |
10243482 |
30/01/2013 * |
550,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA,, DR. |
B69410215 |
|
5 |
10209846 |
25/02/2014 * |
350,000,000.00 |
CITIBANK N.A |
DLF SQUARE, M BLOCK,
JACARANDA MARG, DLF CITY, PH |
B98598485 |
|
6 |
10205864 |
22/07/2011 * |
90,000,000.00 |
IDBI BANK LTD. |
3RD FLOOR, INDIAN
RED CROSS SOCIETY BUILDING,, 1, |
B18643593 |
|
7 |
10104208 |
22/07/2011 * |
140,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
15-16, UPPER GROUND
FLOOR, 14, AMBADEEP BUILDING, |
B18673921 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Technical Know-how fees
·
Computer 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.61.85 |
|
|
1 |
Rs.96.73 |
|
Euro |
1 |
Rs.76.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
65 |
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.