|
Report Date : |
09.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAHENDRA TRANSFORMERS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
15/32, Kidwai Gali, Gali No. 5, Chajjupur, Babarpur, Shahdara, Delhi –
110032 |
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|
Country : |
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|
|
|
Financials (as on) : |
31.03.2013 |
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|
|
|
Date of Incorporation : |
24.11.1992 |
|
|
|
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Com. Reg. No.: |
55-051110 |
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|
|
|
Capital Investment / Paid-up Capital : |
Rs. 3.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U31102DL1992PTC051110 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
DELM07951G |
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|
|
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PAN No.: [Permanent Account No.] |
AAACM0722A |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Manufacturer of Power and Distribution Transformers and Servo
Stabilizers. |
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|
|
|
No. of Employees : |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 30000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment
terms are usually correct and as per commitment. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit narrowed in the quarter ended September as government measures to
curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third
quarter, according to a study by RSA. India ranks fourth in the list of nations
hit by phishing attacks. The US remained at the top of the charts. Phishing is
the process of acquiring information such as user names, passwords and credit
card details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260 million
in September, 2012, according to Deloitte report. The number of transactions
has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
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. D. K. Srivastva |
|
Designation : |
G.M. - Marketing |
|
Contact No.: |
91-9716735243 |
|
Date : |
27.12.2013 |
LOCATIONS
|
Registered Office : |
15/32, Kidwai Gali, Gali No. 5, Chajjupur, Babarpur, Shahdara, Delhi –
110032, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9818140474 / 9818450084 / 9999918178 (Mr. Neeraj Kansal) 91-9716735243 / 9212656799 (Mr. D. K. Srivastva) |
|
Fax No.: |
Not Available |
|
E-Mail : |
mahendratransformers@yahoo.com |
|
Website : |
|
|
Area : |
3500 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory/ Godown : |
F-10, South Side of |
|
Tel No.: |
91-120-2840781 / 4561635 / 2840747 |
|
Fax No.: |
91-120-2840747 |
|
Area : |
3000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Neeraj Kansal |
|
Designation : |
Managing Director |
|
Address : |
H-81, Patel Nagar - III Ghaziabad – 201001, Uttar Pradesh, India |
|
Qualification : |
Graduate |
|
Date of Appointment : |
30.08.1997 |
|
DIN No.: |
01952091 |
|
|
|
|
Name : |
Ms. Neena Kansal |
|
Designation : |
Director |
|
Address : |
H-81, Patel Nagar - III Ghaziabad – 201001, Uttar Pradesh, India |
|
Qualification : |
Graduate |
|
Date of Appointment : |
21.08.2000 |
|
DIN No.: |
01952063 |
KEY EXECUTIVES
|
Name : |
Mr. D. K. Srivastva |
|
Designation : |
G.M. - Marketing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Neeraj Kansal |
|
67100 |
|
Neena Kansal |
|
47000 |
|
Rani Kansal |
|
70400 |
|
M. P. Kansal |
|
47100 |
|
Anshu Kansal |
|
27700 |
|
Umesh Prakash |
|
18000 |
|
Anita Goel |
|
9200 |
|
Shanti Kansal |
|
13500 |
|
Total |
|
300000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Power and Distribution Transformers and Servo
Stabilizers. |
|
|
|
|
Products : |
· Power and Distribution Transformers ·
Servo Stabilizers ·
Dry Type Transformers up to 750 KVA ·
Induction Furnace and Furnace Transformers ·
Rectifier Transformers up to 1 MVA/11KV ·
Boosters · Mining/Collaries Transformers |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Nepal |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· Goodwill Hospital and Research Centre Limited IVRCL Infrastructure and Project Limited East Cost Railway Bhubneshwar Arihant Industrial Equipment PVVNL Moradabad Pragya Electricals and Electronics Corporation Nav Jyoti Metals Rew Construction Private Limited |
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|
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Customers : |
Manufacturing Company · A.C Products Allen Oil Corporation B.K. Engineer badu Precision Fasteners Private Limited Diwan Chemicals (India) Elecon Conductor Limited Mechno Tech Power Power Component Corporation Shiva Industries Shri Ganesh Enterprises Super Tex Niwar House Vohra Enterprises |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
· Syndicate Bank, 66, Navyug Market, Ghaziabad – 201001, Uttar Pradesh, India |
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Facilities : |
Cash Credit: Rs. 12.000 Millions (From Syndicate Bank)
Note: Working Capital facilities from Banks (SOD) are secured on
pari pussu basis, by way of hypothecation of inventories, book debts and all
other movable assets, both present and future, further secured by way of
first charge on company's immovable properties. The rate of interest
applicable is 0.00% p.a. |
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
N.C Garg and Associates Chartered Accountants |
|
Address : |
1-Navyug Market, Ghaziabad – 201001, Uttar Pradesh, India |
|
Tel. No. : |
91-120-4373268 |
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Mobile No.: |
91-9810747268 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAPPG1430M |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs. 3.000
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 |
3.000 |
3.000 |
3.000 |
|
(b) Reserves & Surplus |
4.613 |
3.005 |
1.951 |
|
(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) |
7.613 |
6.005 |
4.951 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.556 |
0.889 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.033 |
0.056 |
|
(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) |
0.556 |
0.922 |
0.056 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
19.129 |
6.358 |
4.420 |
|
(b) Trade payables |
17.682 |
12.215 |
12.863 |
|
(c) Other current
liabilities |
0.553 |
0.384 |
0.888 |
|
(d) Short-term provisions |
1.132 |
0.117 |
0.714 |
|
Total Current Liabilities (4) |
38.496 |
19.074 |
18.885 |
|
|
|
|
|
|
TOTAL |
46.665 |
26.001 |
23.892 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.104 |
3.249 |
1.383 |
|
(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) |
0.024 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
3.128 |
3.249 |
1.383 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
7.526 |
4.204 |
8.774 |
|
(c) Trade receivables |
30.971 |
16.100 |
11.862 |
|
(d) Cash and cash
equivalents |
2.656 |
0.950 |
0.619 |
|
(e) Short-term loans and
advances |
2.304 |
1.337 |
1.012 |
|
(f) Other current assets |
0.080 |
0.161 |
0.242 |
|
Total Current Assets |
43.537 |
22.752 |
22.509 |
|
|
|
|
|
|
TOTAL |
46.665 |
26.001 |
23.892 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
64.172 |
48.505 |
34.775 |
|
|
|
Other Income |
1.117 |
0.422 |
1.090 |
|
|
|
TOTAL (A) |
65.289 |
48.927 |
35.865 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed/ Purchase of Stock in Trade |
52.894 |
35.952 |
28.601 |
|
|
|
Changes in inventories of finished goods |
0.154 |
4.700 |
0.676 |
|
|
|
Employee Benefit Expenses |
3.294 |
2.587 |
2.431 |
|
|
|
Other Expenses |
5.305 |
3.434 |
2.021 |
|
|
|
TOTAL (B) |
61.647 |
46.673 |
33.729 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
3.642 |
2.254 |
2.136 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.873 |
0.315 |
0.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.769 |
1.939 |
1.872 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.699 |
0.411 |
0.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
2.070 |
1.528 |
1.679 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.057) |
(0.022) |
(0.003) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
2.127 |
1.550 |
1.682 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
7.00 |
5.17 |
5.61 |
|
Expected Sales (2013-2014) : Rs. 85.000 Millions
The above information has been parted by Mr. D. Srivastva (G.M. in
Marketing)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.26
|
3.17 |
4.69 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.23
|
3.15 |
4.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.44
|
5.88 |
7.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.25 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.59
|
1.21 |
0.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13
|
1.19 |
1.19 |
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
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
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10352166 |
15/01/2013 * |
24,500,000.00 |
SYNDICATE BANK |
NAVYUG MARKET BRANCH,
NAVYUG MARKET, GHAZIABAD - 201001, |
B69772663 |
|
2 |
10207750 |
15/01/2013 * |
24,500,000.00 |
SYNDICATE BANK |
NAVYUG MARKET
BRANCH, NAVYUG MARKET, GHAZIABAD - 201001, |
B69773513 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Form directors and their relatives |
6.993 |
2.681 |
|
Total |
6.993 |
2.681 |
NATURE OF OPERATIONS
The company is primarily engaged in manufacture and sale of Electrical Distribution Transformers. The company presently has manufacturing facilities in above activities in Plot No.F-10, South Side of GT Road Industrial Area, Ghaziabad.
CHANGE OF ADDRESS
The registered office of the company has been shifted from E-14, Inder Marg, Gali No. 2, Jhajhupur, Bararpur, Shahdara, Delhi – 110092, India to the present address w.e.f. 01.09.2007.
FIXED ASSETS
v Tangible Assets
Land
Building
Plant
and Equipment
Fixture
and Furniture
Office
Equipments
Other
Equipments
v
Intangible
Assets
Computer
Software
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.62.38 |
|
|
1 |
Rs.102.25 |
|
Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.