MIRA INFORM REPORT
|
Report Date : |
21.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
RYAL LOGISTICS PRIVATE LIMITED |
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Registered
Office : |
Pramukh Plaza, C Wing, 2nd Floor, Opposite P and G Plaza, Cardinal
Gracias Road, Chakala, Andheri (East), Mumbai – 400099, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
06.05.1997 |
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Com. Reg. No.: |
11-107821 |
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Capital Investment
/ Paid-up Capital : |
Rs. 1.220 Millions |
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|
|
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CIN No.: [Company Identification
No.] |
U63090MH1997PTC107821 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR09347C |
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PAN No.: [Permanent Account No.] |
AAACR6639A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of logistics to carry on the
business of International freight forwarding, custom house agents, handling and
haulage contractors, handling goods and passengers, warehousemen, transport
agents and contractors. |
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|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 120000 |
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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 record. There seems a sharp dip in the profitability of the company during
financial year 2013 however networth of the company is satisfactory. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry retained
its status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs 35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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 : |
Ms. Soni Mishra |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-61936969 |
|
Date : |
21.02.2014 |
LOCATIONS
|
Registered Office : |
Pramukh Plaza, C Wing, 2nd Floor, Opposite P and G Plaza,
Cardinal Gracias Road, Chakala, Andheri (East), Mumbai – 400099, Maharashtra,
India |
|
Tel. No.: |
91-22-61936969 (100 Line) |
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Fax No.: |
91-22-61936999 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
|
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Corporate office : |
5th Floor, Jayant Apartment, D wing, intl Air Cargo Complex, Sahar,
Andheri (East), Mumbai- 400099, Maharashtra, India |
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Tel. No.: |
91-22-26817770 / 26828880 |
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Fax No.: |
91-22-26817726 |
|
E-Mail : |
DIRECTORS
As on: 31.08.2013
|
Name : |
Mr. Vineet R Agarwal |
|
Designation : |
Director |
|
Address : |
7th Floor, Shashi Mistry Complex, J B Nagar, Andheri
(East), Mumbai- 400059, Maharashtra, |
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Date of Birth/Age : |
16.05.1981 |
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Qualification : |
MBA |
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Date of Appointment : |
30.04.2002 |
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DIN No.: |
00464858 |
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|
|
|
Name : |
Mr. Rajkumar G Agarwal |
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Designation : |
Director |
|
Address : |
7th Floor, Shashi Mistry Complex, J B Nagar, Andheri
(East), Mumbai- 400059, Maharashtra, |
|
Date of Birth/Age : |
17.07.1956 |
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Qualification : |
Graduate |
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Date of Appointment : |
06.05.1997 |
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DIN No.: |
00082220 |
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|
|
|
Name : |
Mr. Sumit R Agarwal |
|
Designation : |
Director |
|
Address : |
7th Floor, Shashi Mistry Complex, J B Nagar, Andheri (East),
Mumbai- 400059, Maharashtra, |
|
Date of Birth/Age : |
23.10.1982 |
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Qualification : |
MBA |
|
Date of Appointment : |
30.04.2002 |
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DIN No.: |
00464897 |
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|
|
|
Name : |
Mrs. Neelam R Agarwal |
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Designation : |
Director |
|
Address : |
7th Floor, Shashi Mistry Complex, J B Nagar, Andheri
(East), Mumbai- 400059, Maharashtra, |
|
Date of Birth/Age : |
12.01.1957 |
|
Date of Appointment : |
30.04.2002 |
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DIN No.: |
00465318 |
KEY EXECUTIVES
|
Name : |
Ms. Soni Mishra |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Rajkumar G Agarwal |
|
5100 |
|
Neelam R Agarwal |
|
1020 |
|
Vineet R Agarwal |
|
2040 |
|
Sumit R Agarwal |
|
2040 |
|
Shefali V Agarwal |
|
1000 |
|
Purvi Sumit Agarwal |
|
1000 |
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Total |
|
12200 |
Equity Share Break up (Percentage of Total Equity)
As on: 31.08.2013
|
Category |
|
Percentage |
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|
|
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Directors or relatives of directors |
|
100.00 |
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|
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of logistics to carry on the
business of International freight forwarding, custom house agents, handling and
haulage contractors, handling goods and passengers, warehousemen, transport
agents and contractors. |
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|
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|
Terms : |
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Selling : |
Cash |
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Purchasing : |
Cash and Depend |
GENERAL INFORMATION
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No. of Employees : |
800 (Approximately) |
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Bankers : |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai - 400013, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Kapoor and Parekh Associates Chartered Accountants |
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Address : |
701, Business Suite 9, S. V. Road, Santacruz (West), Mumbai – 400054,
Maharashtra, India |
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Tel. No.: |
91-22-26007702 |
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Fax No.: |
91-22-26007706 |
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E-Mail : |
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PAN No.: |
AAAFK1612L |
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Sister Concern : |
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CAPITAL STRUCTURE
As on: 31.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12200 |
Equity Shares |
Rs.100/- each |
Rs. 1.220
Millions |
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|
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 |
|
|
|
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(a) Share Capital |
1.220 |
1.220 |
1.220 |
|
(b) Reserves & Surplus |
29.345 |
28.054 |
20.638 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
30.565 |
29.274 |
21.858 |
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|
|
|
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(3) Non-Current Liabilities |
|
|
|
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(a) long-term borrowings |
15.487 |
18.258 |
19.755 |
|
(b) Deferred tax liabilities
(Net) |
2.848 |
2.708 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.236 |
0.354 |
1.442 |
|
Total
Non-current Liabilities (3) |
18.571 |
21.320 |
21.197 |
|
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|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.857 |
18.701 |
20.205 |
|
(b) Trade payables |
49.128 |
16.796 |
25.531 |
|
(c) Other current liabilities |
0.261 |
0.241 |
3.180 |
|
(d) Short-term provisions |
5.248 |
3.703 |
0.143 |
|
Total
Current Liabilities (4) |
62.494 |
39.441 |
49.059 |
|
|
|
|
|
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TOTAL |
111.630 |
90.035 |
92.114 |
|
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
32.723 |
35.587 |
38.891 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.725 |
|
(d) Long-term Loan and Advances |
13.478 |
9.740 |
4.279 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
46.201 |
45.327 |
43.895 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
62.128 |
39.179 |
44.258 |
|
(d) Cash and cash equivalents |
1.566 |
2.543 |
1.796 |
|
(e) Short-term loans and
advances |
1.708 |
2.959 |
2.165 |
|
(f) Other current assets |
0.027 |
0.027 |
0.000 |
|
Total
Current Assets |
65.429 |
44.708 |
48.219 |
|
|
|
|
|
|
TOTAL |
111.630 |
90.035 |
92.114 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
481.779 |
417.107 |
412.083 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.142 |
0.719 |
7.881 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.000 |
0.000 |
2.275 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL ITEM |
0.000 |
10.233 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.142 |
10.952 |
5.606 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.709 |
3.394 |
1.790 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.433 |
7.558 |
3.816 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20.979 |
14.062 |
10.889 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.500 |
0.500 |
0.500 |
|
|
|
Dividend |
0.122 |
0.122 |
0.122 |
|
|
|
Tax on Dividend |
0.020 |
0.019 |
0.021 |
|
|
BALANCE CARRIED
TO THE B/S |
21.770 |
20.979 |
14.062 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
117.46 |
619.51 |
NA |
|
Expected Sales (2013-2014): Rs. 550.000 Millions
The above information has been parted by Mrs. Soni Mishra
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
0.45 |
2.62 |
1.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.91 |
12.16 |
6.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.37 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.76 |
1.26 |
1.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
1.13 |
0.98 |
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 |
1.220 |
1.220 |
1.220 |
|
Reserves & Surplus |
20.638 |
28.054 |
29.345 |
|
Net
worth |
21.858 |
29.274 |
30.565 |
|
|
|
|
|
|
long-term borrowings |
19.755 |
18.258 |
15.487 |
|
Short term borrowings |
20.205 |
18.701 |
7.857 |
|
Total
borrowings |
39.960 |
36.959 |
23.344 |
|
Debt/Equity
ratio |
1.828 |
1.263 |
0.764 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
412.083 |
417.107 |
481.779 |
|
|
|
1.219 |
15.505 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
412.083 |
417.107 |
481.779 |
|
Profit |
3.816 |
7.558 |
1.433 |
|
|
0.93% |
1.81% |
0.30% |
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 |
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) |
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 |
OPERATIONS
The logistics industry across the globe has seen some challenging times during the last year with effect of recession hitting the major international trade centre like U.S and Europe considerably. With caution planning and approach for the future many airlines/shipping lines reduced their capacities to keep their revenue sustainable against the reduced demand.
Especially in India the decentralization of export/import hubs, has diverted the logistics business to scattered locations. On one side it has helped the exporter and importer and on the other hand it has brought up challenges to the logistics players to reach such places and invest in set up. Considering all the aspect above, the company has managed to use the opportunities positively. Their Chennai Branch has shown better revenue. They tried to have better spread of their client base by providing services to smaller cities trade centre like Vadodara, Nashik, Nagpur, Vapi etc. The Company’s effort to focus on critical handling and specialised cargo handling works is one of the successful achievements of the Company. During the year, the Company successfully involved in continuing Cargo Air Craft for carrying dangerous goods to Brazil.
The Company has continued providing the requisite training to all employees in order to smoothen up the operations and enhance the customer satisfaction. The company during the year has also taken a membership of an international network of forwarders to increase the international experience of the trade practices followed across the world. This year also the Company participated in various international logistics trade fairs for expansion of the business globally.
The Revenue of the Company has marginally increased from Rs. 417.106 millions to Rs. 481.779 millions showing a net increase of 15.88% over previous year. The profits of the Company have increased from Rs. 0.719 millions to Rs. 2.143 millions, due to cost saving steps initiated resulting in reduction of overheads, operational cost despite of inflationary pressure due to increase in the overall other expenses of the Company. During the year, the Company has provided for Depreciation of Rs. 3.156 millions, which was Rs. 3.374 millions in the previous financial year. The total income tax charge on the Company has been Rs. 0.525 million as against Rs. 0.165 millions in the earlier year. During the year the Company has appropriated Rs. 0.500 million to the General Reserve, Rs. 0.122 million have been appropriated for dividend and tax thereon. Balance Profit of Rs. 21.770 millions is carried to the Balance Sheet.
CORPORATE INFORMATION
Ryal Logistics Private Limited ("the Company") is a company incorporated under the provisions of the Companies Act 1956, domiciled in India. It is engaged in the business of logistics to carry on the business of International freight forwarding, custom house agents, handling and haulage contractors, handling goods and passengers, warehousemen, transport agents and contractors within and outside India and to carry on the business as commission agents, representatives, contractors, export and import agents.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10325782 |
29/12/2011 |
27,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B28859759 |
|
2 |
10332409 |
11/11/2013 * |
61,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B90373721 |
* Date of charge modification
FIXED ASSETS
- Furniture and Fixtures
- Office Equipments
- Building
- Electrical Installation
- Computers and Printers
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. 62.28 |
|
|
1 |
Rs. 103.85 |
|
Euro |
1 |
Rs. 85.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
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 |
|
43 |
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.