MIRA INFORM REPORT
|
Report Date : |
26.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
MACO CORPORATION ( |
|
|
|
|
Registered
Office : |
2/5, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
11.04.2002 |
|
|
|
|
Com. Reg. No.: |
21-094503 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.25.892 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36900WB2002PTC094503 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALM04075B |
|
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|
|
PAN No.: [Permanent Account No.] |
AACCM8740L |
|
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|
Legal Form : |
Private Limited Liability Company |
|
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|
Line of Business
: |
Trader and Importer of Industrial Equipments Machineries |
|
|
|
|
No. of Employees
: |
270 (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 |
|
Maximum Credit Limit : |
USD 2500000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having good track record. 23 AC for the year 2014 could not be made available from any source. As per available financial, overall financial position of the company
is decent in the year 2013. Trade relation reported to be fair. Business is active. Payment terms
are reported to be regular and as per commitment. The company can be considered normal for business dealing 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 |
CRISIL |
|
Rating |
Short term Rating “A2” |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
February 18, 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 (GENERAL DETAILS)
|
Name : |
Ms. Uma |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-28352337 |
|
Date : |
24.12.2014 |
LOCATIONS
|
Registered Office : |
2/5, Sarat Bose Road, Sukhsagar Building, 7th Floor,
Kolkata – 700020, West Bengal, India |
|
Tel. No.: |
91-33-24758371 / 8500 / 24543200 / 3281 |
|
Mobile No.: |
91-9323994922 (Mr. Ketan Patel) |
|
Fax No.: |
91-33-24543269 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
701/702, Midas Sahar Plaza, Andheri Kurla Road, Andheri East, Mumbai –
400059, Maharashtra, India |
|
Tel. No.: |
91-22-28352337 / 28220352 |
|
Fax No.: |
91-22-28632375 |
|
|
|
|
Godown : |
Palaspe Phata, Panvel, Maharashtra, India |
|
|
|
|
Branches : |
503, Mahavir House, Basheer Bagh Square, Hyderabad – 500029,
Telangana, India LOCATED AT : ·
Delhi ·
Baroda ·
Chennai ·
Calcutta |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nagesh M. Patel |
|
Designation : |
Director |
|
Address : |
25/A, Sarat Bose Road, Kolkata – 700020, West Bengal, India |
|
Date of Birth/Age : |
25.12.1960 |
|
Date of Appointment : |
11.04.2002 |
|
PAN No.: |
AFKPP9345Q |
|
Voter ID No.: |
WB/23/446/126710 |
|
DIN No.: |
00443530 |
|
|
|
|
Name : |
Mr. Ramesh Vithaldas Patel |
|
Designation : |
Director |
|
Address : |
15A, Madhav Chatterjee Lane, Kolkata – 700020, West Bengal, India |
|
Date of Birth/Age : |
13.06.1947 |
|
Date of Appointment : |
11.04.2002 |
|
PAN No.: |
AFHPP9018D |
|
Voter ID No.: |
WB/23/146/306423 |
|
DIN No.: |
02412325 |
|
|
|
|
Name : |
Mr. Dhirajlal Hitesh Vasa |
|
Designation : |
Director |
|
Address : |
75A, Bakul Bagan Road, Kolkata – 700025, West Bengal, India |
|
Date of Birth/Age : |
18.03.1962 |
|
Date of Appointment : |
01.10.2004 |
|
PAN No.: |
ABQPV2591L |
|
DIN No.: |
00435289 |
|
|
|
|
Name : |
Mr. Ketan R. Patel |
|
Designation : |
Director |
|
Address : |
15A, Madhav Chatterjee Lane, Kolkata – 700020, West Bengal, India |
|
Date of Birth/Age : |
16.01.1973 |
|
Date of Appointment : |
01.10.2004 |
|
Voter ID No.: |
WB/23/146/306425 |
|
DIN No.: |
06425681 |
KEY EXECUTIVES
|
Name : |
Ms. Uma |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
9.07 |
|
Directors or relatives of Directors |
88.72 |
|
Others |
2.21 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20300429%2026-Dec-2014_files/image010.gif)
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Industrial Equipments Machineries |
|
|
|
|
Products : |
|
|
|
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|
Brand Names : |
Not Divulged |
|
|
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|
Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
|
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Products : |
Raw Materials |
|
Countries : |
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Terms : |
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Selling : |
Cash and Advance |
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Purchasing : |
Cash and Advance |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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|
|
Customers : |
Not Divulged |
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|
|
No. of Employees : |
270 (Approximately) |
|
|
|
|
Bankers : |
· Dena Bank, Brabourne Road Branch, 16, Kolkata – 700001, West Bengal, India · HDFC Bank, J B Nagar, Andheri, Mumbai, Maharashtra, India. · Union Bank of India, M G Road Branch, 134/4, Mahatma Gandhi Road, Kolkata – 700007, West Bengal, India. · ABN Amro Bank, 18A, Brabourne Road Branch, Kolkata, West Bengal, India. |
|
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Facilities : |
-- |
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|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
D. K. Madia and
Company Chartered
Accountants |
|
Address : |
29 - A, Weston
Street, Kolkata – 700012, West Bengal, India |
|
Tel. No.: |
91-33-22119907 |
|
PAN No.: |
ADKPM6230D |
|
|
|
|
Membership : |
-- |
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|
|
|
Related Party : |
Sunag Engineering Private Limited CIN No.: U24299WB1998PTC086620 |
|
|
|
|
Associates and Joint Venture Companies : |
·
IMS Maco Services Private limited CIN
No : U74999WB2006PTC107090 ·
Sibre Brakes (India) Private Limited CIN
No : U50200WB2006PTC112088 ·
Metalock Maco Engineering (India) Private Limited CIN
No : U74210WB2009PTC138751 · Aashiyana Goods Private Limited CIN
No : U51109WB1995PTC072747 · Progressive Consultancy Services (Private) Limited · Maco Marketing Private Limited CIN
No : U74140WB1992PTC055887 · Koppern Maco Services Private Limited CIN
No : U32109WB1997PTC085878 |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2589207 |
Equity Shares |
Rs.10/- each |
Rs.25.892
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 |
25.892 |
25.892 |
25.892 |
|
(b) Reserves & Surplus |
847.567 |
614.134 |
456.948 |
|
(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) |
873.459 |
640.026 |
482.840 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.716 |
0.323 |
0.025 |
|
(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) |
0.716 |
0.323 |
0.025 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
38.158 |
35.047 |
46.021 |
|
(b) Trade
payables |
411.496 |
71.486 |
42.206 |
|
(c) Other
current liabilities |
26.294 |
127.725 |
58.396 |
|
(d) Short-term
provisions |
103.855 |
72.680 |
221.920 |
|
Total Current
Liabilities (4) |
579.803 |
306.938 |
368.543 |
|
|
|
|
|
|
TOTAL |
1453.978 |
947.287 |
851.408 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
53.267 |
47.459 |
34.293 |
|
(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 |
61.865 |
125.274 |
115.474 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
31.885 |
25.243 |
26.384 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
147.017 |
197.976 |
176.151 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
100.000 |
47.500 |
0.000 |
|
(b)
Inventories |
224.135 |
104.785 |
81.133 |
|
(c) Trade
receivables |
578.660 |
234.491 |
165.262 |
|
(d) Cash
and cash equivalents |
130.653 |
173.006 |
134.852 |
|
(e)
Short-term loans and advances |
273.513 |
189.529 |
294.010 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1306.961 |
749.311 |
675.257 |
|
|
|
|
|
|
TOTAL |
1453.978 |
947.287 |
851.408 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
|
920.225 |
670.733 |
|
|
Other Income |
|
23.361 |
16.611 |
|
|
TOTAL (A) |
NA |
943.586 |
687.344 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
546.065 |
376.744 |
|
|
(Increase) / Decrease in
Inventories |
|
(23.652) |
(24.704) |
|
|
Employees benefits
expense |
|
73.783 |
61.791 |
|
|
Other expenses |
|
104.116 |
62.247 |
|
|
TOTAL (B) |
NA |
700.312 |
476.078 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
344.496 |
243.274 |
211.266 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
2.010 |
8.348 |
4.473 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
342.486 |
234.926 |
206.793 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
4.985 |
3.812 |
4.438 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
337.501 |
231.114 |
202.355 |
|
|
|
|
|
|
|
Less |
TAX (H) |
104.068 |
73.928 |
67.606 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
233.433 |
157.186 |
134.749 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
613.689 |
456.503 |
321.754 |
|
|
|
|
|
|
|
|
BALANCE
CARRIED TO THE B/S |
847.122 |
613.689 |
456.503 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
90.16 |
60.71 |
52.04 |
%20PRIVATE%20LIMITED%20-%20300429%2026-Dec-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20300429%2026-Dec-2014_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT / Sales |
(%) |
NA |
17.08 |
20.09 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
26.44 |
31.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.24 |
28.12 |
27.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39 |
0.36 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.04 |
0.05 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.25 |
2.44 |
1.83 |
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 |
25.892 |
25.892 |
25.892 |
|
Reserves & Surplus |
456.948 |
614.134 |
847.567 |
|
Net worth |
482.840 |
640.026 |
873.459 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
46.021 |
35.047 |
38.158 |
|
Total borrowings |
46.021 |
35.047 |
38.158 |
|
Debt/Equity ratio |
0.095 |
0.055 |
0.044 |
%20PRIVATE%20LIMITED%20-%20300429%2026-Dec-2014_files/image011.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 |
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 |
---------- |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Other loans and advances |
38.158 |
35.047 |
|
|
|
|
|
Total |
38.158 |
35.047 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10122707 |
03/09/2008 |
70,000,000.00 |
UNION BANK OF INDIA |
M G ROAD BRANCH, 134/4, MAHATMA GANDHI ROAD, KOLKATA, WEST BENGAL - 700007, INDIA |
A45933546 |
|
2 |
10031848 |
24/01/2013 * |
572,200,000.00 |
UNION BANK OF INDIA |
M G ROAD BRANCH, 134/4, MAHATMA GANDHI ROAD, KOLKATA, WEST BENGAL - 700007, INDIA |
B67660662 |
|
3 |
90370827 |
08/02/2005 * |
20,000,000.00 |
UNION BANK OF INDIA |
M.G. ROAD BRANCH, 134/ 4 M.G. ROAD, CALCUTTA, WEST BENGAL, INDIA |
- |
*Date of modification Charges
FIXED ASSETS:
· Land
· Office Building
· Air Conditioner
· Motor Vehicle
· Office Equipments
· IT Equipments
· 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.63.64 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
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.