MIRA
INFORM REPORT
|
Report Date : |
07.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
REHAU POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Holewadi, Khed-Pabal Road, Taluka Khed – 410505, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.01.1997 |
|
|
|
|
Com. Reg. No.: |
11-133903 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 333.433 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999PN1997PTC133903 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR3568H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Polymer Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1600000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Reserves of the company appears to be low. However, trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that accounts
for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per cent is
the main reason for this overall IT cut. A Reserve Bank of India committee has
recommended setting up a special category of lenders who would cater to small
businesses and households, to expand the number of customers with access to
banking services. These banks would focus onproviding payment services and
deposit products. Indian banks want the free use of automated teller
machines to be capped at five transactions in a month including that of the
bank in which the account is active. This follows state government order to
banks to install security guards at ATM booths after a woman banker was
assaulted in Bangalore. The government is likely to present a vote on Account
in mid-February. The annual Economic Survey will be tabled later in Parliament
along with the full Budget. A full Budget for 2014/15 is likely to be present
in July by the new government formed after the General Election. The government
will soon launch an internet spy system, called Netra, to detect malafide
messages. Security agency will deploy the system to capture dubious voice
traffic on applications such as Skype and Google Talk, as well as tweeters.
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Somnath Kagade |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-2135-304802 |
|
Date : |
06.02.2014 |
LOCATIONS
|
Registered Office / Factory : |
Holewadi, Khed-Pabal Road, Taluka Khed – 410505, Maharashtra,
India |
|
Tel. No.: |
91-2135.304802 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on: 16.09.2013
|
Name : |
Mr. Vijay Gendalal Jain |
|
Designation : |
Director |
|
Address : |
Rehau Pte Limited. 1 King George’s Avenue, #06-00 Rehau Building,
Singapore – 208557 |
|
Date of Birth/Age : |
28.03.1973 |
|
Date of Appointment : |
30.09.2010 |
|
DIN No.: |
03019900 |
|
|
|
|
Name : |
Mr. Tobias Emil Wild |
|
Designation : |
Director |
|
Address : |
Bollholzweg, 12 Allmendingen, Berne – 3112, Switzerland |
|
Date of Birth/Age : |
13.11.1954 |
|
Date of Appointment : |
23.12.2011 |
|
DIN No.: |
05209852 |
|
|
|
|
Name : |
Mr. Ajay Khurana |
|
Designation : |
Director |
|
Address : |
39, FF, Aradhana Enclave, R. K. Puram, Sector – 13, New Delhi –
110066, India |
|
Date of Birth/Age : |
15.11.1964 |
|
Date of Appointment : |
10.04.2013 |
|
DIN No.: |
06576186 |
KEY EXECUTIVES
|
Name : |
Mr. Somnath Kagade |
|
Designation : |
Company Secretary |
|
Address : |
91/2, Ram Seeta, Near Bank of Maharashtra, Parvati, Pune – 411009,
Maharashtra, India |
|
Date of Birth/Age : |
05.09.1983 |
|
Date of Appointment : |
20.07.2011 |
|
Pan No.: |
BILPK8528D |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 16.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Frankische Plastiks GMBH, Federal Republic of Germany |
|
33343350 |
|
Rehau Verwaltungszentrale AG, Switzerland |
|
10 |
|
Total |
|
33343360 |
Equity Share Break up (Percentage of Total Equity)
As on: 16.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Polymer Products. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Edge Bands |
Metric Tonnes |
1690# |
55,759,420 |
* As certified by the management and not verified by the auditors.
# Installed capacity is indicated in metric tonnes. The conversion ratio of machine output from metric tones to meters is dependent upon the dimensions of edge bands being produced.
GENERAL INFORMATION
|
Supplier: |
·
Finolex |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
HSBC Bank, Bund Garden Branch, Pune, Maharashtra, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Muttha Towers, 5th Floor. Suite No.8. Airport Road.
.Yerwada. Pune – 411006, Maharashtra, India |
|
PAN No.: |
AAEFP3641G |
|
|
|
|
Holding Company : |
·
Frankische Plastiks GmbH |
|
|
|
|
Fellow Subsidiaries |
· Rehau GmbH · Industrias Rehau SA · PT Rehau Indonesia · Rehau AG and Company · Rehau Limited, Bangkok · Rehau Pte Limited · Rehau Polymers (Suzhou) Company Limited · Rehau Pty Limited · Rehau Industria Ltda · Rehau Polymer industrie GMBH · Rehau Polimeri Kimya San/Turkey · Rehau Incorporated · Rehau Industries Inc. · Rehau Vertriebs AG · Rehau Verwaltungszentrale AG · Raumedic Pte AG · Rehau Polymer Pty Limited · REHAU Limited - Auckland · REHAU Limited - New Zeland · Rehau Limited, Jakarta · Rehau Pty. Limited, Sydney · Rehau SA DE CV · Rehau Environmental Solutions · Rehau Industries Sarl |
|
|
·
|
CAPITAL STRUCTURE
As on: 16.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33343360 |
Equity Shares |
Rs.10/- each |
Rs. 333.433
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
333.433 |
333.433 |
|
(b) Reserves & Surplus |
|
70.135 |
55.925 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
403.568 |
389.358 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
407.387 |
333.475 |
|
(b)
Trade payables |
|
129.321 |
116.280 |
|
(c)
Other current liabilities |
|
25.749 |
29.144 |
|
(d) Short-term
provisions |
|
11.668 |
9.060 |
|
Total Current
Liabilities (4) |
|
574.125 |
487.959 |
|
|
|
|
|
|
TOTAL |
|
977.693 |
877.317 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
339.561 |
211.314 |
|
(ii) Intangible
Assets |
|
4.447 |
7.937 |
|
(iii)
Capital work-in-progress |
|
18.859 |
87.271 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.0000 |
|
(c) Deferred tax
assets (net) |
|
12.958 |
6.906 |
|
(d) Long-term Loan and Advances |
|
85.486 |
92.945 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
461.311 |
406.373 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
206.153 |
185.024 |
|
(c)
Trade receivables |
|
245.798 |
211.261 |
|
(d) Cash
and cash equivalents |
|
19.523 |
22.324 |
|
(e)
Short-term loans and advances |
|
44.908 |
52.335 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
516.382 |
470.944 |
|
|
|
|
|
|
TOTAL |
|
977.693 |
877.317 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
333.434 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
45.857 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
379.291 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
17.700 |
|
|
2] Unsecured Loans |
|
|
57.717 |
|
|
TOTAL BORROWING |
|
|
75.417 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
454.708 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
154.306 |
|
|
Capital work-in-progress |
|
|
5.543 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
14.400 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
133.799 |
|
|
Sundry Debtors |
|
|
176.057 |
|
|
Cash & Bank Balances |
|
|
22.189 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
106.651 |
|
Total
Current Assets |
|
|
438.696 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
107.314 |
|
|
Other Current Liabilities |
|
|
20.700 |
|
|
Provisions |
|
|
30.223 |
|
Total
Current Liabilities |
|
|
158.237 |
|
|
Net Current Assets |
|
|
280.459 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
454.708 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1012.261 |
768.670 |
596.851 |
|
|
|
Other Income |
45.557 |
29.434 |
24.547 |
|
|
|
TOTAL |
1057.818 |
798.104 |
621.398 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
721.574 |
502.440 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
934.765 |
721.574 |
502.440 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
123.053 |
76.530 |
118.958 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
35.189 |
15.519 |
1.729 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
87.864 |
61.011 |
117.229 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
50.538 |
43.450 |
39.695 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
18.670 |
17.561 |
77.534 |
|
|
|
|
|
|
|
|
|
|
TAX |
4.460 |
7.493 |
28.865 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
14.210 |
10.068 |
48.669 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
55.925 |
45.857 |
(2.812) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
70.135 |
55.925 |
45.857 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
|
|
1.829 |
|
|
|
Sale of assets |
67.193 |
15.843 |
0.000 |
|
|
|
Sale of Sample |
|
|
0.075 |
|
|
|
Commission |
|
|
8.514 |
|
|
TOTAL EARNINGS |
67.193 |
15.843 |
10.418 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Fixed Assets (including Intangibles) |
NA |
NA |
23.477 |
|
|
|
Traded Goods |
NA |
NA |
95.611 |
|
|
|
Raw Material |
NA |
NA |
103.330 |
|
|
|
Spare |
NA |
NA |
3.748 |
|
|
|
Samples |
NA |
NA |
1.600 |
|
|
|
Others |
NA |
NA |
0.005 |
|
|
TOTAL IMPORTS |
NA |
NA |
227.771 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.42 |
0.30 |
1.46 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.34 |
1.26 |
7.83 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.85 |
2.29 |
12.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.97 |
2.24 |
13.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.05 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.01 |
0.86 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90 |
0.97 |
2.77 |
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 |
No |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Working capital loans from banks |
271.659 |
243.019 |
|
|
|
|
|
Total |
271.659 |
243.019 |
Note:
The Registered Office of the company has been shifted from 2nd
Floor, 88, Furniture Market, Kirti Nagar, New Delhi – 110015, India to the
present address w.e.f. 10.04.2009.
FINANCIAL RESULTS
The Company has achieved a turnover of Rs. 1012.261 Millions as compared to Rs. 768.669 Millions in the previous year of operations. The company has achieved a net profit of Rs.14.210 Millions.
The increase in Turnover is mainly due to the strong growth in furniture business, where the company remained to dominate the market. The company had continued to grow in other product groups like Window profiles, Gaskets as well.
Despite the higher turnover, there has been a significant increase in operating costs, Higher cost of raw materials, unfavorable exchange fluctuations and high borrowing costs were responsible the decline in the Net Profit percentage.
Considering various opportunities in furniture and window profile business in forthcoming year, the company has proposed to establish new productions lines for the same.
Note: No Charges Exist for Company
FIXED ASSETS
· Factory building
· Furniture and fixtures
· Motor vehicles
· Computer Equipments
· Other equipment’s
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. 62.50 |
|
|
1 |
Rs. 101.91 |
|
Euro |
1 |
Rs. 84.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
29 |
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.