MIRA INFORM REPORT
|
Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CONCAST ( |
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Registered
Office : |
47-48, Jolly Maker Chamber II, 4th Floor, Nariman Point, Mumbai
– 400021, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.03.1973 |
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Com. Reg. No.: |
11-016413 |
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Capital
Investment / Paid-up Capital : |
Rs. 9.884 Millions |
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CIN No.: [Company Identification
No.] |
U29290MH1973PLC016413 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC10638F/ MUMC11801G |
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PAN No.: [Permanent Account No.] |
AAACC1759M |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of design, engineering, supply,
supervision of erection and commissioning of continuous casting machines and other
allied steel plant equipment. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of Mitsubishi Hitachi Metals Mach. Inc. Japan.
It is an established company having good track record. There seems some dip in the turnover and profit of the company during
FY.2014 However, general financial position of the company is sound. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. 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.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities=A1+(SO) |
|
Rating Explanation |
Very strong degree of safety and carry
lowest credit risk. |
|
Date |
18.02.2014 |
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. Arvind Ghanekar |
|
Designation : |
Peoject Manager |
|
Contact No.: |
91-9820236603 |
|
Date : |
16.12.2014 |
LOCATIONS
|
Registered Office : |
47 – 48, Jolly Maker Chamber II, 4th Floor, Nariman Point, Mumbai
- 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22027430 / 22020414 |
|
Mobile No.: |
91-9820699298 (Mr. Vijay Kundan) |
|
Fax No.: |
91-22-22850480 |
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E-Mail : |
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Website : |
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Corporate Office / Factory: |
Concast House, 1/5, Marol Co-Operative Industrial Estate, Off Sir M
Vasanji Road, Marol, Andheri (East), Mumbai 400 059, Maharashtra, India |
|
Tel. No.: |
91-22-67142228/ 28501789/ 28506845/ 67142222 |
|
Fax No.: |
91-22-28515145 |
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E-Mail : |
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Delhi Office: |
Sagar Deep, Plot No. 11, 3rd Floor, LSC Saini Enclave, Vikas Marg, New
Delhi – 110092, Delhi, India |
|
Tel No.: |
91-11-22373916/22370778 |
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|
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Kolkata Office: |
153/A, VIP Road, 2nd Floor, Kolkata – 700054, West Bengal, India |
|
Tel No.: |
91-33-23559214 / 23552062 |
DIRECTORS
As on: 11.09.2014
|
Name : |
Mr. Hitoshi Yasuo Kawano |
|
Designation : |
Director |
|
Address : |
S-29, First Floor, Panchsheel Park, New Delhi-110017, India |
|
Date of Birth/Age : |
30.11.1963 |
|
Date of Appointment : |
30.10.2013 |
|
DIN No.: |
02845315 |
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Name : |
Mr. John Mathai Kadapuram |
|
Designation : |
Director – President |
|
Address : |
Flat No. 12, Newnarmada, Plot 24-A, Sector-14, Vashi, Navi Mumbai –
400705, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1946 |
|
Qualification : |
B.Sc., AMIE, Chartered Engineer |
|
Date of Appointment : |
08.08.1995 |
|
Pan No.: |
AADPK2463J |
|
Voter ID : |
MT/10/054/161359 |
|
DIN No.: |
00076925 |
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|
|
Name : |
Mr. Yoshiharu Masataka Ikeda |
|
Designation : |
Director |
|
Address : |
3-24-10, Ehara-CHO, Nakano- Ku, Tokyo |
|
Date of Birth/Age : |
17.08.1962 |
|
Date of Appointment : |
29.11.2013 |
|
DIN No.: |
06743509 |
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|
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Name : |
Mr. Yoshinori Toshio Takamatsu |
|
Designation : |
Director |
|
Address : |
4-24-22, Kannondai, Saeki-Ku, Hiroshima |
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Date of Birth/Age : |
28.08.1953 |
|
Date of Appointment : |
29.11.2013 |
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DIN No.: |
06743464 |
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Name : |
Mr. Akira Haruo Goto |
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Designation : |
Director |
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Address : |
3-35-407, Inokuchi Dai, Nishi-Ku, Hiroshima |
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Date of Birth/Age : |
06.08.1960 |
|
Date of Appointment : |
29.11.2013 |
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DIN No.: |
06743428 |
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Name : |
Mr. Krishna Kumar Saxena |
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Designation : |
Director |
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Address : |
A-303, Gokulnagar II, Above, Chola Restaurant, Kandivali,
Mumbai-400101, Maharashtra, India |
|
Date of Birth/Age : |
02.10.1947 |
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Date of Appointment : |
13.06.2014 |
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DIN No.: |
06885091 |
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|
Name : |
Mr. Darius Erachshaw Udwadia |
|
Designation : |
Director |
|
Address : |
Empress Court, 142, M-Karve Road, Mumbai-400020, Maharashtra, India |
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Date of Birth/Age : |
27.09.1939 |
|
Date of Appointment : |
13.06.2014 |
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DIN No.: |
00009755 |
KEY EXECUTIVES
|
Name : |
Dinyar Eruch Edulji |
|
Designation : |
Company Secretary |
|
Address : |
19/ 6 Panthaky Baug, Andheri (East), Mumbai – 400069, Maharashtra,
India |
|
Date of Birth/Age : |
10.08.1951 |
|
Date of Appointment : |
01.04.2007 |
MAJOR SHAREHOLDERS
As on: 11.09.2014
|
Names of Shareholders |
No. of Shares |
|
Mistbushi Hitachi Metals Mach. Inc. Japan |
98829 |
|
Mistbushi Hitachi Metals Mach. South Asia Private Limited, India |
1 |
|
Manish Arora |
1 |
|
Yutaka Matsuda |
1 |
|
Hitoshi Yasuo Kawano |
1 |
|
MHI Steel Mach Enginering Service Company Limited, Japan |
1 |
|
Nakata Manufacturing Company Limited, Japan |
1 |
|
Total |
98835 |
Equity Share Break up (Percentage of Total Equity)
As on: 26.07.2013
|
Category |
Percentage |
|
Bodies corporate |
19.93 |
|
Directors or relatives of directors |
80.07 |
|
Total
|
100.00 |
%20LIMITED%20-%20298987%2016-Dec-2014_files/image012.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of design, engineering, supply, supervision
of erection and commissioning of continuous casting machines and other allied
steel plant equipment. |
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Products : |
Ø Contracts Completed/Supplies Ø Designs and Drawings Ø Service Charges Ø Billet Caster Ø Bloom Casters Ø Slab Casters Ø
Round Casters
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS AS ON (31.03.2011)
a) Licensed capacity: Not
Applicable
b) Installed Capacity: No installed
capacity has yet been established as it is difficult to assess until the jobs
on hand are completed. (This has not been verified by the auditors as this is a
technical matter).
c) Sales and production:
Since the Company is accounting contract revenue on proportionate completion
method, the quantitative details with respect to sales and production have not
been furnished.
GENERAL INFORMATION
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Suppliers : |
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Customers : |
OEM’s and Others
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai –
400018, Maharashtra, India |
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PAN No.: |
AABFD7919A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Holding Company : |
Mitsubishi Hitachi Metals Machinery Inc. |
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Fellow
Subsidiary : |
MHI Steel Machinery Engineering and Services Company Limited |
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Associates of
Holding Company: |
Mitsubishi Hitachi Metals Machinery South Asia Private Limited Nakata Manufacturing Company Limited |
CAPITAL STRUCTURE
As on: 11.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
98835 |
Equity Shares |
Rs.100/- each |
Rs. 9.884
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 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.884 |
9.884 |
9.884 |
|
(b) Reserves & Surplus |
350.589 |
276.350 |
719.107 |
|
(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) |
360.473 |
286.233 |
728.990 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
8.136 |
|
(d) long-term
provisions |
19.887 |
20.753 |
13.179 |
|
Total Non-current
Liabilities (3) |
19.887 |
20.753 |
21.315 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
159.376 |
305.658 |
185.957 |
|
(c) Other
current liabilities |
189.592 |
228.952 |
216.238 |
|
(d) Short-term
provisions |
32.868 |
11.375 |
52.074 |
|
Total Current
Liabilities (4) |
381.836 |
545.985 |
454.269 |
|
|
|
|
|
|
TOTAL |
762.196 |
852.971 |
1204.574 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
8.143 |
9.301 |
53.700 |
|
(ii)
Intangible Assets |
0.680 |
1.571 |
1.384 |
|
(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 |
263.003 |
|
(c) Deferred tax
assets (net) |
18.982 |
10.267 |
3.580 |
|
(d) Long-term Loan and Advances |
93.618 |
96.635 |
136.497 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
51.885 |
|
Total Non-Current
Assets |
121.423 |
117.774 |
510.049 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
99.119 |
81.471 |
76.562 |
|
(c) Trade
receivables |
251.884 |
360.039 |
222.442 |
|
(d) Cash
and cash equivalents |
234.374 |
209.562 |
354.352 |
|
(e)
Short-term loans and advances |
47.428 |
63.928 |
17.102 |
|
(f) Other
current assets |
7.968 |
20.197 |
24.067 |
|
Total
Current Assets |
640.773 |
735.197 |
694.525 |
|
|
|
|
|
|
TOTAL |
762.196 |
852.971 |
1204.574 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1520.698 |
1731.991 |
1383.925 |
|
|
|
Other Income |
25.858 |
36.019 |
4.101 |
|
|
|
TOTAL (A) |
1546.556 |
1768.010 |
1388.026 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1101.149 |
1281.547 |
965.184 |
|
|
|
Employee benefit expense |
156.462 |
157.669 |
112.915 |
|
|
|
Other expenses |
162.567 |
157.768 |
145.151 |
|
|
|
TOTAL (B) |
1420.178 |
1596.984 |
1223.250 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
126.378 |
174.038 |
164.776 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.260 |
3.012 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
125.118 |
171.026 |
164.776 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.777 |
4.442 |
4.446 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
121.341 |
166.584 |
160.330 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
41.263 |
49.486 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
80.078 |
117.098 |
160.330 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
271.875 |
647.932 |
488.180 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
8.008 |
492.000 |
14.000 |
|
|
|
Interim Dividend |
4.991 |
0.988 |
19.767 |
|
|
|
Proposed Dividend |
0.000 |
0.000 |
39.534 |
|
|
|
Dividend Distribution Tax |
0.848 |
0.168 |
9.620 |
|
|
BALANCE CARRIED
TO THE B/S |
338.106 |
271.875 |
647.932 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
810.22 |
1184.78 |
1072.16 |
|
Expected Sales (2014-15) : Rs. 2000.000 Millions
The above information has been parted by Mr. Arvind (Project Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
5.27 |
6.76 |
11.59 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.31 |
10.05 |
11.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.33 |
19.77 |
17.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.58 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68 |
1.35 |
1.53 |
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 |
9.883 |
9.883 |
9.884 |
|
Reserves & Surplus |
719.107 |
276.350 |
350.589 |
|
Net
worth |
728.990 |
286.233 |
360.473 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
%20LIMITED%20-%20298987%2016-Dec-2014_files/image013.gif)
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 |
1383.925 |
1731.992 |
1520.698 |
|
|
|
25.151 |
(12.199) |
%20LIMITED%20-%20298987%2016-Dec-2014_files/image014.gif)
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 |
1383.925 |
1731.992 |
1520.698 |
|
Profit |
160.330 |
117.098 |
80.078 |
|
|
11.59% |
6.76% |
5.27% |
%20LIMITED%20-%20298987%2016-Dec-2014_files/image015.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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 |
No |
|
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 |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
CHANGE IN OWNERSHIP OF THE COMPANY:
During the year the
promoters had sold out its entire shareholding on 30 th October, 2013 to Mitsubishi-Hitachi
Metals Machinery Inc. Japan, who are one of the top ten corporations in the
world rankings. This will give an edge to your Company to have the latest
technical know-how from them. The company has now become a wholly owned
subsidiary of Mitsubishi-Hitachi Metals Machinery Inc. Japan.
NOTE: NO CHARGES
EXIST FOR COMPANY
FIXED ASSETS
- Buildings
- Plant and
equipment
- Furniture and
fixtures
- Vehicles
- Motor
vehicles
- Office
equipment
- Computer
equipment
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. 78.01 |
INFORMATION DETAILS
|
Information Gathered
by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
54 |
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.