MIRA
INFORM REPORT
|
Report Date : |
19.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
CANOPUS CONSULTANCY SERVICES PRIVATE LIMITED |
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Registered
Office : |
307, Navrattan, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.03.2008 |
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Com. Reg. No.: |
11-179840 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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CIN No.: [Company Identification
No.] |
U74140MH2008PTC179840 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The company is primarily engaged in Cargo Supervision and
Consultancy. |
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No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Profitability of the company has declined during financial year 2014. However, the rating takes into consideration company’s sound financial
risk profile and decent liquidity position of the company. Trade relations are 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 PARTED BY
|
Name : |
Ms. Smita |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-23485624 |
|
Date : |
18.12.2014 |
LOCATIONS
|
Registered Office : |
307, Navrattan, 69 P. D’mello Road, Carnac Bunder, Mumbai – 400009,
Maharashtra, India |
|
Tel. No.: |
91-22-23485624 / 23485634 / 32686923 |
|
Mobile No.: |
91-9820150710 (Mr. Sanjay N. Khopkar) 91-98202 40146 (Gyanendra Singh) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Branch Office : |
Located At : · Chennai · Goa · Gujarat · Vishakhapatnam |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Sanjay Narayan Khopkar |
|
Designation : |
Director |
|
Address : |
B / 103, Gagandeep, Gulmohar Road, J. V. P. D. Scheme, Mumbai –
400049, Maharashtra, India |
|
Date of Birth/Age : |
09.04.1956 |
|
Date of Appointment : |
08.03.2008 |
|
DIN No.: |
00435506 |
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|
|
|
Name : |
Rushikesh Harishchandra Parekh |
|
Designation : |
Director |
|
Address : |
901-904, Casablanca, Skyline Complex (Premier) Road, Ghatkopar, Mumbai
– 400086, Maharashtra, India |
|
Date of Birth/Age : |
12.09.1972 |
|
Date of Appointment : |
08.03.2008 |
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DIN No.: |
00049038 |
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|
Name : |
Yogesh Khatau Parekh |
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Designation : |
Additional director |
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Address : |
1008, Golscape Sion, Trombay Near, Celebration Rest., Chembur, Mumbai
– 400071, Maharashtra, India |
|
Date of Birth/Age : |
02.01.1973 |
|
Date of Appointment : |
01.04.2008 |
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DIN No.: |
00407178 |
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Name : |
Suryakant Mulji Parekh |
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Designation : |
Director |
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Address : |
401, Villa Geraldina, Plot No.487, 13th Road, Chembur,
Mumbai – 400071, Maharashtra, India |
|
Date of Birth/Age : |
27.01.1955 |
|
Date of Appointment : |
01.10.2011 |
|
DIN No.: |
00048945 |
KEY EXECUTIVES
|
Name : |
Ms. Smita |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Narayan Khopkar |
|
2500 |
|
Yogesh Khatau Parekh |
|
500 |
|
Rushikesh Harishchandra Parekh |
|
2500 |
|
Jhanvi Parekh |
|
2000 |
|
Smruti Sanjay Khopkar |
|
2500 |
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|
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|
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Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is primarily engaged in Cargo Supervision and
Consultancy. |
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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 : |
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Selling : |
Cash, Advance Payment, Cheque |
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Purchasing : |
Cash, Advance Payment, Cheque |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
25 (Approximately) |
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Bankers : |
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Banking
Relations : |
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Auditors : |
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Name : |
ASHAR and Company Chartered Accountants |
|
Address : |
209/210, Damji Shamji Trade Centre, Kirol Road, Vidhyavihar (West),
Mumbai – 400086, Maharashtra, India |
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PAN No. : |
AAPFA2573H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates and other related parties where common control exists : |
Pac Shipping and Allied Service Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
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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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves &
Surplus |
45.914 |
44.831 |
36.905 |
|
(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) |
46.014 |
44.931 |
37.005 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.204 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.631 |
0.735 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.631 |
0.735 |
0.204 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
0.000 |
0.000 |
0.148 |
|
(c) Other current
liabilities |
3.520 |
3.348 |
20.282 |
|
(d) Short-term provisions |
0.096 |
0.085 |
0.000 |
|
Total Current Liabilities
(4) |
3.616 |
3.433 |
20.430 |
|
|
|
|
|
|
TOTAL |
50.261 |
49.099 |
57.639 |
|
|
|
|
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II.
ASSETS |
|
|
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|
(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
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|
(i) Tangible assets |
2.853 |
3.490 |
2.771 |
|
(ii) Intangible Assets |
0.003 |
0.004 |
0.005 |
|
(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 |
0.050 |
0.050 |
0.050 |
|
(c) Deferred tax assets
(net) |
0.210 |
0.070 |
0.000 |
|
(d) Long-term Loan and Advances |
12.978 |
7.814 |
5.894 |
|
(e) Other Non-current
assets |
0.010 |
0.013 |
0.016 |
|
Total Non-Current Assets |
16.104 |
11.441 |
8.736 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
10.507 |
10.136 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
15.770 |
15.637 |
19.808 |
|
(d) Cash and cash
equivalents |
7.324 |
11.171 |
18.127 |
|
(e) Short-term loans and
advances |
0.050 |
0.123 |
10.083 |
|
(f) Other current assets |
0.506 |
0.591 |
0.885 |
|
Total Current Assets |
34.157 |
37.658 |
48.903 |
|
|
|
|
|
|
TOTAL |
50.261 |
49.099 |
57.639 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
53.446 |
69.176 |
98.959 |
|
|
Other Income |
1.879 |
2.039 |
0.829 |
|
|
TOTAL |
55.325 |
71.215 |
99.788 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
54.382 |
60.580 |
78.869 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.943 |
10.635 |
20.919 |
|
|
|
|
|
|
|
|
TAX |
0.140 |
2.709 |
6.783 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.083 |
7.926 |
14.136 |
|
|
|
|
|
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|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
42.331 |
34.405 |
20.269 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
43.414 |
42.331 |
34.405 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports /
Fees Received |
16.519 |
31.084 |
41.922 |
|
|
TOTAL EARNINGS |
16.519 |
31.084 |
41.922 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
108.33 |
792.57 |
1413.6 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT/ Sales |
(%) |
2.03 |
11.46 |
14.28 |
|
|
|
|
|
|
|
PBIDT / Sales |
(%) |
1.76 |
15.37 |
21.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.89 |
21.71 |
36.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.24 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
9.45 |
10.97 |
2.39 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
36.905 |
44.831 |
45.914 |
|
Net worth |
37.005 |
44.931 |
46.014 |
|
|
|
|
|
|
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 |
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 |
98.959 |
69.176 |
53.446 |
|
|
|
(30.096) |
(22.739) |
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 |
98.959 |
69.176 |
53.446 |
|
Profit |
14.136 |
7.926 |
1.083 |
|
|
14.28% |
11.46% |
2.03% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: 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) |
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 |
No |
INDEX OF CHARGES : NO CHARGES EXIST FOR COMPANY
NATURE OF OPERATIONS
The company is primarily engaged in Cargo Supervision and Consultancy. The director expects further expansion of business activities and higher earnings of the company during the current year of operation.
OPERATIONS
The company providing Cargo Consultancy Supervision to various parties in India as well as abroad as against receiving supervising fees. The director expects further expansion of business activities and higher earnings of the company during the current year of operation.
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Furniture and Fixtures
· Computer
· Camara
· Vehicles
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.63.31 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.78.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
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 |
|
41 |
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.