MIRA INFORM REPORT
|
Report Date : |
10.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
GREAT WHITE GLOBAL PRIVATE LIMITED (w.e.f. 04.07.2013) |
|
|
|
|
Formerly Known
As : |
GREAT
WHITE ELECTRICALS PRIVATE LIMITED (w.e.f
07.12.2010) METRO
ELECTRICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1301, 13th Floor, Peninsula Business Park, Tower B, G.K. Marg, Off
Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
26.05.1994 |
|
|
|
|
Com. Reg. No.: |
11-078604 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 80.844 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200MH1994PTC078604 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM3669G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of Manufacturing and Marketing of Electricals goods and accessories, Wires and cables. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Rating is constrained on account increase in external borrowing over previous
year. However, rating takes into consideration experience and resourceful
promoters and increase in scale of operation resulting into growth in sales
and profit of the company. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealings 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facilities = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
May 06, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
May 06, 2014 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list
EPF (Employee Provident Fund) DEFAILTERS’ 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 BY
MANAGEMENT NON CO-OPERARTIVE
CONTACT NO.: 91-22-30036565
LOCATIONS
|
Registered Office : |
1301, 13th Floor, Peninsula Business Park, Tower B, G.K. Marg, Off Senapati Bapat Marg, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-30036565 |
|
Fax No.: |
91-22-30036564 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Manufacturing
Facility 1: |
Khasra No. 58, 59, 60, 62, 64, 65, Village : Padartha, District : Haridwar, Haridwar – 249404, Uttarakhand, India |
|
|
|
|
Manufacturing
Facility 2: |
Survey No. 36/1, 32/2/PI, 35/2, 38/PI and 39, N. H. Road No. 8, Village : Gundlav, Valsad – 396035, Gujarat, India |
|
|
|
|
Branch Office 1 : |
627, Pulachi wadi, 2nd Floor, Nirmitee Heights, Near Z Bridge, Next to Kohinoor Techinical Institute, Deccan Gymkhana, Pune – 411004, Maharashtra, India |
|
|
|
|
Branch Office 2 : |
423, Ganpati Plaza, MI Road, Jaipur – 302001, Rajasthan, India |
|
|
|
|
Branch Office 3 : |
1101 - 03, 11th Floor, New Delhi – 110001, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mehul Jadavji Shah |
|
Designation : |
Director |
|
Address : |
25/2 Mont Blanc, Dadi Seth Hill, August Kranti Marg, Mumbai – 400036, Maharashtra, India |
|
Date of Appointment : |
20.12.2010 |
|
DIN No.: |
00933528 |
|
|
|
|
Name : |
Jadavji Lalji Shah |
|
Designation : |
Director |
|
Address : |
Flat No 6, 11th Floor, Suraj Apartment, Bhulabhai Desai Road, Breach Candy, Mumbai -400026, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1939 |
|
Date of Appointment : |
20.12.2010 |
|
DIN No.: |
00934586 |
|
|
|
|
Name : |
Hemang Jadavji Shah |
|
Designation : |
Director |
|
Address : |
Flat No 6, 11th Floor, Suraj Apartment, Bhulabhai Desai Road, Breach Candy, Mumbai -400026, Maharashtra, India |
|
Date of Appointment : |
15.04.2011 |
|
DIN No.: |
00298012 |
|
|
|
|
Name : |
Vipul Popatlal Chheda |
|
Designation : |
Director |
|
Address : |
B-1, Nikunj Dwarshantilal Modi Marg, Kandivali, Mumbai – 400067,
Maharashtra, India |
|
Date of Birth/Age : |
24.09.1967 |
|
Date of Appointment : |
02.01.2007 |
|
DIN No.: |
00297838 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of
Shareholders |
|
No. of Shares |
|
Kanan Hemang Shah |
|
1300200 |
|
Nirmalaben S. Shah |
|
200 |
|
Mehul Jadavji Shah |
|
816800 |
|
Jadavji Lalji Shah |
|
916800 |
|
Hemang Jadavji Shah |
|
1016800 |
|
Jaywanti J Shah |
|
1016800 |
|
Julie Mehul Shah |
|
1016800 |
|
Hemang Jadavji Shah HUF |
|
500000 |
|
Jadavji Lalji Shah H.U.F. |
|
500000 |
|
Mehul Jadavji Shah HUF |
|
1000000 |
|
|
|
|
|
Total |
|
8084400 |
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 : |
The company is engaged in the business of Manufacturing and Marketing of Electricals goods and accessories, Wires and cables. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Bank of India, Andheri Mid Corporate Branch, 28, MDI. Building, S.V Road, Andheri (West),, Mumbai - 400058, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
A C Modi and Associates Chartered Accountants |
|
Address : |
6, Ruxmani Niwas Daftary Road,Opp.Ajanta Hotel Malad (East), Mumbai 400097, Maharashtra, India |
|
PAN No.: |
AALPM3688H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,084,400 |
Equity Shares |
Rs.10/- each |
Rs.80.844
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 |
80.844 |
0.844 |
0.844 |
|
(b) Reserves &
Surplus |
128.161 |
117.758 |
160.350 |
|
(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) |
209.005 |
118.602 |
161.194 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
374.722 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
23.393 |
15.618 |
0.430 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
398.115 |
15.618 |
0.430 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1151.218 |
743.731 |
198.328 |
|
(b) Trade payables |
186.404 |
46.490 |
20.119 |
|
(c) Other current
liabilities |
222.312 |
57.106 |
3.067 |
|
(d) Short-term provisions |
0.063 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
1559.997 |
847.327 |
221.514 |
|
|
|
|
|
|
TOTAL |
2167.117 |
981.547 |
383.138 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
770.724 |
356.847 |
238.776 |
|
(ii) Intangible Assets |
0.685 |
1.028 |
0.879 |
|
(iii) Capital
work-in-progress |
255.347 |
207.939 |
24.758 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
2.260 |
|
(b) Non-current
Investments |
1.190 |
4.554 |
1.330 |
|
(c) Deferred tax assets
(net) |
6.021 |
6.021 |
9.039 |
|
(d) Long-term Loan and Advances |
72.039 |
54.627 |
54.290 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1106.006 |
631.016 |
331.332 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
271.695 |
156.812 |
8.196 |
|
(c) Trade receivables |
662.184 |
112.897 |
0.190 |
|
(d) Cash and cash
equivalents |
41.153 |
5.174 |
4.018 |
|
(e) Short-term loans and
advances |
86.079 |
75.648 |
39.402 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
1061.111 |
350.531 |
51.806 |
|
|
|
|
|
|
TOTAL |
2167.117 |
981.547 |
383.138 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
1248.621 |
137.379 |
0.559 |
|
|
Other Income |
1.482 |
2.311 |
1.645 |
|
|
TOTAL (A) |
1250.103 |
139.690 |
2.204 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
121.128 |
0.497 |
|
|
Purchases of
Stock-in-Trade |
|
17.624 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(62.263) |
(0.001) |
|
|
Employees benefits
expense |
|
28.907 |
7.916 |
|
|
Other expenses |
|
50.906 |
6.586 |
|
|
TOTAL (B) |
1156.335 |
156.302 |
14.998 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
93.768 |
(16.612) |
(12.794) |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
28.392 |
5.337 |
8.933 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
65.376 |
(21.949) |
(21.727) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
54.904 |
17.653 |
6.944 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
10.472 |
(39.602) |
(28.671) |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.069 |
2.990 |
(8.790) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
10.403 |
(42.592) |
(19.881) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.28 |
(504.64) |
(235.56) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT/ Sales |
(%) |
0.83 |
(31.00) |
(3556.53) |
|
|
|
|
|
|
|
PBIDT / Sales |
(%) |
7.51 |
(12.09) |
(2288.73) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.55 |
(5.19) |
(8.29) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
(0.33) |
(0.18) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
7.30 |
6.27 |
1.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.68 |
0.41 |
0.23 |
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 |
0.844 |
0.844 |
80.844 |
|
Reserves & Surplus |
160.350 |
117.758 |
128.161 |
|
Net worth |
161.194 |
118.602 |
209.005 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
374.722 |
|
Short term borrowings |
198.328 |
743.731 |
1151.218 |
|
Total borrowings |
198.328 |
743.731 |
1525.940 |
|
Debt/Equity ratio |
1.230 |
6.271 |
7.301 |
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 |
0.559 |
137.379 |
1248.621 |
|
|
|
24,475.850 |
808.888 |
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 |
0.559 |
137.379 |
1248.621 |
|
Profit/Loss |
(19.881) |
(42.592) |
10.403 |
|
|
(3556.53%) |
(31.00%) |
0.83% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
10.172 |
0.000 |
NA
|
|
|
|
|
|
|
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 |
No |
|
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 |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from others |
1053.380 |
653.157 |
|
Intercorporate deposits |
97.838 |
90.574 |
|
Total |
1151.218 |
743.731 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10509345 |
25/06/2014 |
160,000,000.00 |
Bank of India |
Andheri Mid Corporate Branch, 28, MDI. Building,, |
C11536141 |
|
2 |
10422256 |
25/06/2014 * |
1,129,900,000.00 |
Bank of India |
Andheri Mid Corporate Branch, 28, MDI. Building,, |
C11535853 |
|
3 |
10381171 |
12/10/2012 |
180,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, Guj |
B59942839 |
* Date of charge modification
PERFORMANCE
During the year, the Company has achieved turnover of Rs. 1248.621 Millions against turnover of Rs.137.379 Millions in the previous year, a quantum jump of over 800 % in view of the effect of the full-fledged operations in the financial year under report. The net profit of the Company for the year under report was Rs. 10.403 Millions against net loss of Rs.42.592 Millions in the previous year.
CHANGE IN THE NAME OF
THE COMPANY
As approved by the shareholders by passing Special Resolution under Section 21 and other applicable provisions of the Companies Act, 1956 the name of the Company has been changed from GREAT WHITE ELECTRICALS PRIVATE LIMITED to GREAT WHITE GLOBAL PRIVATE LIMITED with effect from 4th July,2013 as per the Fresh Certificate Of Incorporation Consequent Upon Change of Name issued by Government of India-Ministry of Corporate Affairs, Registrar of Companies, Mumbai.
COMPANIES OVERVIEW
The company is a private limited company incorporated under the provisions of the companies Act, 1956 vide CIN: U31200MH1994PTC078604.
The company is engaged in the business of Manufacturing and Marketing of Electricals goods and accessories, Wires and cables.
NOTE :
The registered office of the company has been shifted from C-101, Innova Marathon Nextgen Off G,K Marg, Opp- Peninsula Corporate Park, Lower Parel (West), Mumbai – 400013, Maharashtra, India to the present address w.e.f. 10.12.2013.
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.61.87 |
|
|
1 |
Rs.96.90 |
|
Euro |
1 |
Rs.76.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.