MIRA
INFORM REPORT
|
Report Date : |
13.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ATLANTIC LUBRICANTS AND SPECIALITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
301, Ketan Apartments – 233, R, B, Mehta Marg, Ghatkoper (East),
Mumbai – 400077, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.12.2002 |
|
|
|
|
Com. Reg. No.: |
11-138368 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23201MH2002PTC138368 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA17978C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA0002D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Selling of Lubricating Oils/ Grease. |
|
|
|
|
No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 138000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
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. Management of the company has failed to file its latest financials of
2013 with government department. As per of 2012, there appears dip in profit of the company. However,
overall financial postion of the company appears to be decent. Trade relation reported to be fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered 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.
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. Rajesh |
|
Designation : |
Deputy Manager |
|
Contact No.: |
91-22-25011960 |
|
Date : |
10.01.2014 |
LOCATIONS
|
Registered Office/ Factory : |
301, Ketan Apartments – 233, R, B, Mehta Marg, Ghatkoper (East),
Mumbai – 400077, |
|
Tel. No.: |
91-22-25111960/ 25011961/ 25011960 |
|
Mobile No.: |
91-9820410736 (mr. Sandeep Bhat) |
|
Fax No.: |
91-22-25111928/ 25111961/ 25011926 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on 20.09.2012
|
Name : |
Mr. Jitendra Garga Narayan Goswami |
|
Designation : |
Director |
|
Address : |
2303, A.B.C. Odyssey – 1, C.H.S. Orchard Avenue, |
|
Date of Birth/Age : |
28.02.1945 |
|
Date of Appointment : |
06.03.2003 |
|
DIN No. : |
00182001 |
|
|
|
|
Name : |
Mr. Dhruv Somalal Vyas |
|
Designation : |
Director |
|
Address : |
701-A, |
|
Date of Birth/Age : |
22.06.1959 |
|
Date of Appointment : |
23.12.2002 |
|
DIN No. : |
00177088 |
|
|
|
|
Name : |
Mr. Sandeep Gangadhar Bhat |
|
Designation : |
Additional Director |
|
Address : |
101, Dunhill Shelter, Caesar Road, Andheri (West), Mumbai – 400058, Maharashtra, India |
|
Date of Birth/Age : |
05.08.1971 |
|
Date of Appointment : |
22.08.2012 |
|
DIN No. : |
06361726 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh |
|
Designation : |
Deputy Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vinod Vyas |
|
1100 |
|
Durgesh Chandavarkar |
|
1090 |
|
Dhruv Vyas |
|
710 |
|
Ketan Vyas |
|
315 |
|
Bharat Vyas |
|
245 |
|
Vijay Vyas |
|
245 |
|
Haresh Vyas |
|
710 |
|
Jiten Goswami |
|
500 |
|
Priyanka Goswami |
|
500 |
|
United Additives Private Limited, India |
|
4585 |
|
Total |
|
10000 |
Allottees as on 28.09.2012
|
Names of Allottees |
|
No. of Shares |
|
Jonus Consolidated Finance Private Limited, India |
|
3971 |
|
Sky Bio-Pharma (India) Limited, India |
|
3970 |
|
Standard Green Bio-Energy Private Limited, India |
|
3970 |
|
Jiten Goswami |
|
81 |
|
Priyanka Goswami |
|
81 |
|
Preetam Goswami |
|
581 |
|
Pradyumna Goswami |
|
581 |
|
Total |
|
13235 |
As on 20.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
45.85 |
|
Directors or relatives of Directors |
43.25 |
|
Other top fifty shareholders |
10.90 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Selling of Lubricating Oils/ Grease. |
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Products : |
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Exports : |
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Products : |
Lubricant Oils |
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Countries : |
· Srilanka Bhutan Nepal |
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Imports : |
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Products : |
Finished Goods |
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Countries : |
· France Vietnam |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri,
Baroda - 390015, Gujarat, India |
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Facilities : |
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
K.V.Bhat Chartered Accountant |
|
Address : |
Office No:15, Vishwas Nivas Acharya Donde Marg, Parel, Mumbai – 400012, Maharashtra, India |
|
Tel. No. : |
91-22-24127394/ 24182380 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEPB6566E |
|
|
|
|
Related Party: |
Standard Greases and Specialities Private Limited |
CAPITAL STRUCTURE
After 20.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.100/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23,235 |
Equity Shares |
Rs.100/- each |
Rs. 2.324 Million |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.100/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.100/- each |
Rs. 1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
|
1.000 |
1.000 |
|
(b) Reserves & Surplus |
|
33.570 |
14.806 |
|
(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) |
|
34.570 |
15.806 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
92.150 |
109.848 |
|
(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) |
|
92.150 |
109.848 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
83.458 |
54.740 |
|
(c) Other current
liabilities |
|
16.001 |
8.339 |
|
(d) Short-term provisions |
|
35.271 |
17.821 |
|
Total Current Liabilities (4) |
|
134.730 |
80.900 |
|
|
|
|
|
|
TOTAL |
|
261.450 |
206.554 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3.290 |
4.051 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
8.247 |
4.957 |
|
(d) Long-term Loan and Advances |
|
18.299 |
15.410 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
29.836 |
24.418 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
113.118 |
85.738 |
|
(c) Trade receivables |
|
107.083 |
82.213 |
|
(d) Cash and cash
equivalents |
|
10.692 |
13.629 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
0.721 |
0.556 |
|
Total Current Assets |
|
231.614 |
182.136 |
|
|
|
|
|
|
TOTAL |
|
261.450 |
206.554 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
(14.199) |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
(13.199) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.230 |
|
|
2] Unsecured Loans |
|
|
119.106 |
|
|
TOTAL BORROWING |
|
|
119.336 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
106.137 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.579 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
6.091 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
51.363 |
|
|
Sundry Debtors |
|
|
58.051 |
|
|
Cash & Bank Balances |
|
|
12.041 |
|
|
Other Current Assets |
|
|
0.920 |
|
|
Loans & Advances |
|
|
33.960 |
|
Total
Current Assets |
|
|
156.335 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
39.740 |
|
|
Other Current Liabilities |
|
|
2.050 |
|
|
Provisions |
|
|
19.227 |
|
Total
Current Liabilities |
|
|
61.017 |
|
|
Net Current Assets |
|
|
95.318 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
2.149 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
106.137 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
|
Income |
|
642.085 |
553.544 |
|
|
|
Other Income |
|
1.912 |
0.673 |
|
|
|
TOTAL (A) |
848.854 |
643.997 |
554.217 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
496.646 |
383.701 |
|
|
|
(Increase)/ Decrease in stock of Finished Goods |
|
(34.375) |
(18.682) |
|
|
|
Administrative and Other Expenses |
|
135.960 |
129.902 |
|
|
|
Preliminary Expenses written off |
|
0.003 |
0.003 |
|
|
|
TOTAL (B) |
817.682 |
598.234 |
494.924 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
31.172 |
45.763 |
59.293 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.300 |
0.470 |
0.573 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
30.872 |
45.293 |
58.720 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.252 |
0.905 |
0.753 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
29.620 |
44.388 |
57.967 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.856 |
15.383 |
19.359 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
18.764 |
29.005 |
38.608 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
14.806 |
(14.199) |
(77.811) |
|
|
|
|
|
|
|
|
|
Add |
DEFERRED TAX
ASSETS AS AT THE BEGINNING OF THE YEAR |
0.000 |
0.000 |
25.004 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
33.570 |
14.806 |
(14.199) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
8.343 |
12.610 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
52.009 |
40.156 |
20.777 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1876.00 |
2901.00 |
3861.00 |
|
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
1064.100 |
|
|
|
|
|
The above information has been parted by Mr. Rajesh (Deputy Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.21
|
4.50 |
6.97 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
6.91 |
10.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.70
|
22.02 |
36.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.86
|
2.81 |
(4.39) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.67
|
6.95 |
(9.04) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72
|
2.25 |
2.56 |
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
four 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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES OF
LONG TERM DEBTS: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10382857 |
17/09/2012 |
50,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B60599594 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Directors and Others |
91.860 |
109.226 |
|
Total |
91.860 |
109.226 |
OPERATING RESULTS
During the year. The company earned total income of Rs. 848.854 Millions as compared to Rs. 643.997 Millions in the previous year. The operations have recorded a net proft of Rs. 18.764 Millions as compared to a net profit of Rs. 29.005 Millions in the previous year. The directors are still exploring further business proposals as the company is yet to achieve its desired profits and are hopeful that the company shall be able to achieve desirable profits in the year to come.
FIXED ASSETS
· Furniture and Fixtures
Computers
Motor
Car
Moulds
Testing
Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
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 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.