MIRA INFORM REPORT
|
Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHAH COAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Centre Point, 5th Floor, Junction of |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
21.03.1997 |
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Com. Reg. No.: |
11-106763 |
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Capital
Investment / Paid-up Capital : |
Rs.6.700 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1997PTC106763 |
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|
|
|
IEC No.: |
0399065580 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS31298B MUMS24536B NGPS03589F |
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PAN No.: [Permanent Account No.] |
AADCS9231R |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Non Coking Coal, Pet Coke, Steel Items. |
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|
|
|
No. of Employees
: |
105 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
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 |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration intense and large working capital requirements
inherent to the coal trading segment. However, financial position of the
company seems to be decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal 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 |
CRISIL |
|
Rating |
Long Term Rating = BB |
|
Rating Explanation |
Inadequate credit quality and high credit
risk |
|
Date |
14.03.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
14.03.2014 |
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. Jatin Shah |
|
Designation : |
Chief Manager |
|
Contact No.: |
91-22-26051888 |
|
Date : |
15.12.2014 |
LOCATIONS
|
Registered Office : |
Centre Point, 5th Floor, Junction of |
|
Tel. No.: |
91-22-26051888/ 26051945 |
|
Mobile No.: |
91-9867906875 (Mr. M.K. Kapoor) |
|
Fax No.: |
91-22-26052448 |
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E-Mail : |
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|
Location : |
Owned |
|
|
|
|
Branches : |
Located At: ·
·
Chandrapur ·
Bilaspur |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Vinay Ramanlal Shah |
|
Designation : |
Director |
|
Address : |
201, |
|
Date of Birth/Age : |
29.02.1958 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.03.1997 |
|
Experience : |
35 Years |
|
PAN No.: |
AACPS4765J |
|
DIN No.: |
00217584 |
|
|
|
|
Name : |
Mr. Ketan Ramanlal Shah |
|
Designation : |
Director |
|
Address : |
2/D-3, Ground Floor, Vapujya, Sarvodaya nagar, Mulund
(West), Mumbai – 400080, |
|
Date of Birth/Age : |
22.10.1959 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.03.1997 |
|
Experience : |
34 Years |
|
PAN No.: |
AACPS4763Q |
|
DIN No.: |
00217614 |
KEY EXECUTIVES
|
Name : |
Mr. Jatin Shah |
|
Designation : |
Chief Manager |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Madhuben Ramanlal Shah |
|
13001 |
|
Parul Ketan Shah |
|
5000 |
|
Yogini Vinay Shah |
|
2500 |
|
Anjali Ramesh Shah |
|
4001 |
|
Neha Ramesh Shah |
|
4502 |
|
Ketan Ramanlal Shah HUF |
|
5000 |
|
Ramanlal K Shah HUF |
|
5000 |
|
Purvi Vinay Shah |
|
3501 |
|
Aditi Vinay Shah |
|
2505 |
|
Vinay Ramanlal Shah |
|
74990 |
|
Rohan Ketan Shah |
|
95000 |
|
Kunal Vinay Shah |
|
95000 |
|
Ketan Ramanlal Shah |
|
190000 |
|
Adhunik Deal Company Private Limited, |
|
5000 |
|
Ambition Mechants (Private) Limited, |
|
12500 |
|
Anil Rawal |
|
10000 |
|
Escort Vincom Private Limited |
|
2500 |
|
Intimted Trade Links (Private) Limited, |
|
20000 |
|
Jagwani Bharat Ludharam |
|
25000 |
|
Keynote Commercial (Private) Limited, |
|
7500 |
|
Lakhan Balachandarti |
|
10000 |
|
Mctrocity Infra Projects Advisory Private Limited, |
|
2500 |
|
Melrocity Management Advisary Service Private Limited,
|
|
10000 |
|
Newedge Vinirnay Private Limited, |
|
25000 |
|
Saphir Developers Private Limited, |
|
5000 |
|
Slarmark Tradecomm Private Limited, |
|
5000 |
|
Suman Towers Private Limited, |
|
10000 |
|
Unlcontieup Private Limited, |
|
10000 |
|
Uniglory Developers Private Limited, |
|
5000 |
|
Vedant Commndeal Private Limited, |
|
5000 |
|
|
|
|
|
Total |
|
670000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
18.65 |
|
Directors or relatives of Directors |
74.63 |
|
Others |
6.72 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Non Coking Coal, Pet Coke, Steel Items. |
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Exports : |
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|
Products : |
Coal |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
·
Coal ·
Pet Coke |
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Countries : |
·
·
·
·
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Terms : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Wholesalers, Retailers, End Users |
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No. of Employees : |
105 (Approximately) |
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Bankers : |
· Union Bank of India, Kalbadevi Branch, A. M. Vidhya Foundation Building 32, Dadi Seth Agiary Lane, Kalbadevi Road,, Mumbai - 400002, Maharashtra, India ·
United Bank of · Axis Bank Limited, Axis House, Ground Floor, Bombay Dyeing Mills Compound, P.B Marg, Worli, Mumbai - 400025, Maharashtra, India ·
Allahabad Bank, Andheri (West) Branch, Mumbai,
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Facilities : |
-- |
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Banking
Relations : |
-- |
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Auditors : |
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||||||
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Name : |
Bipin D Karani and Company Chartered Accountants |
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Address : |
Mumbai, |
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PAN No.: |
AALFB1686Q |
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Membership : |
-- |
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Sister Concern : |
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CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
670000 |
Equity Shares |
Rs.10/- each |
Rs.6.700
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
6.700 |
6.700 |
6.700 |
|
(b) Reserves & Surplus |
436.422 |
320.742 |
256.877 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
224.100 |
250.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
667.222 |
577.442 |
263.577 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
131.327 |
180.463 |
128.039 |
|
(b) Deferred tax liabilities (Net) |
0.860 |
2.119 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
132.187 |
182.582 |
128.039 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
314.690 |
488.742 |
118.405 |
|
(b) Trade
payables |
1280.246 |
1303.752 |
1196.697 |
|
(c) Other
current liabilities |
36.401 |
88.448 |
13.750 |
|
(d) Short-term
provisions |
59.000 |
59.000 |
29.000 |
|
Total Current
Liabilities (4) |
1690.337 |
1939.942 |
1357.852 |
|
|
|
|
|
|
TOTAL |
2489.746 |
2699.966 |
1749.468 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
103.833 |
130.122 |
39.790 |
|
(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 |
0.000 |
0.000 |
108.404 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
106.045 |
111.990 |
29.517 |
|
(e) Other
Non-current assets |
115.786 |
208.729 |
0.000 |
|
Total Non-Current
Assets |
325.664 |
450.841 |
177.711 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
114.373 |
55.750 |
110.069 |
|
(c) Trade
receivables |
658.493 |
781.533 |
183.902 |
|
(d) Cash
and cash equivalents |
792.965 |
1155.696 |
179.339 |
|
(e)
Short-term loans and advances |
470.461 |
186.603 |
870.467 |
|
(f) Other
current assets |
127.790 |
69.543 |
237.980 |
|
Total
Current Assets |
2164.082 |
2249.125 |
1581.757 |
|
|
|
|
|
|
TOTAL |
2489.746 |
2699.966 |
1749.468 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2721.171 |
4661.947 |
4054.210 |
|
|
|
Other Income |
134.472 |
145.650 |
58.218 |
|
|
|
TOTAL (A) |
2855.643 |
4807.597 |
4112.428 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock-in-trade |
1977.412 |
3313.291 |
2448.318 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(58.624) |
128.153 |
(30.852) |
|
|
|
Employee Benefits Expenses |
22.810 |
16.496 |
15.120 |
|
|
|
Other Expenses |
708.192 |
1184.427 |
1531.035 |
|
|
|
Exceptional Items |
0.000 |
(14.902) |
21.842 |
|
|
|
TOTAL (B) |
2649.790 |
4627.465 |
3985.463 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
205.853 |
180.132 |
126.965 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
60.218 |
61.113 |
34.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
145.635 |
119.019 |
92.847 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
31.215 |
23.036 |
11.643 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
114.420 |
95.983 |
81.204 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(1.259) |
32.118 |
29.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) AFTER
TAX (G-H) (I) |
115.679 |
63.865 |
52.204 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share |
172.66 |
95.32 |
121.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
4.25 |
1.37 |
1.29 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.56 |
3.86 |
3.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.60 |
3.55 |
4.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.17 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.67 |
1.16 |
0.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.16 |
1.16 |
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 |
6.700 |
6.700 |
6.700 |
|
Reserves & Surplus |
256.877 |
320.742 |
436.422 |
|
Share Application money pending
allotment |
0.000 |
250.000 |
224.100 |
|
Net
worth |
263.577 |
577.442 |
667.222 |
|
|
|
|
|
|
long-term borrowings |
128.039 |
180.463 |
131.327 |
|
Short term borrowings |
118.405 |
488.742 |
314.690 |
|
Total
borrowings |
246.444 |
669.205 |
446.017 |
|
Debt/Equity
ratio |
0.935 |
1.159 |
0.668 |
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 |
|
Sales |
4054.210 |
4661.947 |
2721.171 |
|
|
|
14.990 |
(41.630) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
4054.210 |
4661.947 |
2721.171 |
|
Profit |
52.204 |
63.865 |
115.679 |
|
|
1.29% |
1.37% |
4.25% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS ARE NOT AVAILABLE
|
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 |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
LITIGATION
DETAILS:
|
Bench:- |
||||
|
Lodging No. : |
CEXAL/41/2014 |
Filing Date:- |
27/01/2014 |
|
|
|
||||
|
Petitioner:- |
THE COMMISSIONER OF SERVICE TAX –MUMBAI I |
Respondent:- |
SHAH COAL PRIVATE LIMITED |
|
|
Petn.Adv:- |
SUCHITRA KAMBLE (I2836) |
|
|
|
|
District:- |
MUMBAI |
|||
|
|
||||
|
Bench:- |
DIVISION |
Category:- |
CENTRAL EXCISE APPEAL (CEXA) |
|
|
Status:- |
Pre-Admission |
Stage:- |
|
|
|
|
|
|||
|
Act. : |
Central Excise and Salt Act |
Under Section: 35G |
||
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10443355 |
26/06/2013 |
300,000,000.00 |
UNITED
BANK OF |
OVERSEAS
(MUMBAI) BRANCH, UBI BUILDING, 1ST FLOOR, 25, SIR PHEROZE SHAH MEHTA ROAD,
MUMBAI, MAHARASHTRA - 400001, INDIA |
B82258104 |
|
2 |
10412846 |
21/03/2013 |
634,000.00 |
AXIS
BANK LIMITED |
TRISHUL
3RD |
B71148654 |
|
3 |
10398156 |
19/12/2012 |
86,800,000.00 |
UNITED
BANK OF |
VYOM
ARCADE, GROUND FLOOR, OFF |
B66256835 |
|
4 |
10383732 |
11/03/2013
* |
500,000,000.00 |
UNION
BANK OF |
KALBADEVI
BRANCH, A. M.VIDHYA FOUNDATION BLDG., 32, DADI SETH AGIARY LANE, KALBADEVI
ROAD, MUMBAI, MAHARASHTRA - 400002, INDIA |
B74586587 |
|
5 |
10383011 |
28/02/2012 |
200,000,000.00 |
ALLAHABAD
BANK |
ANDHERI
WEST BRANCH, 188, RAJESH CENTRE,, 1ST FLOOR, |
B55964902 |
|
6 |
10442547 |
29/06/2011 |
21,249,000.00 |
AXIS
BANK LIMITED |
AXIS
HOUSE, GROUND FLOOR, |
B22337463 |
|
7 |
10256589 |
27/10/2010 |
8,948,020.00 |
AXIS
BANK LIMITED |
SME
BUSINESS GROUP, MUMBAI CENTRE, RNA CORPORATE PARK, BANDRA E, MUMBAI, MAHARASHTRA
- 380006, |
A99264384 |
|
8 |
90242554 |
31/08/2004 |
4,775,000.00 |
GE
CAPITAL TFS LIMITED |
4
LINK ROAD JANGPURA EXTN, |
- |
|
9 |
90243465 |
19/04/2000 |
5,000,000.00 |
CANARA
BANK |
SANTACRUZ
EAST BRANCH, MUMBAI, MAHARASHTRA - 400055, |
- |
|
10 |
90242251 |
17/07/2013
* |
450,000,000.00 |
CANARA
BANK |
SANTACRUZ
(EAST) BRANCH, MUMBAI, MAHARASHTRA - 400055, |
B81034548 |
*Date of modification Charges
FIXED ASSETS:
· Land
· Buildings
· Factory building
· Plant and equipment
· Factory Equipment’s
· Other plant and equipment
· Furniture and fixtures
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.62.65 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.78.02 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
50 |
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.