MIRA
INFORM REPORT
|
Report Date : |
09.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
CONTINENTAL DEVICE INDIA LIMITED DELTRON (A DIVISION OF CONTINENTAL DEVICE INDIA LIMITED) |
|
|
|
|
Registered
Office : |
C-120, Naraina Industrial Area, |
|
|
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|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.12.1964 |
|
|
|
|
Com. Reg. No.: |
55-004291 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.43.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109DL1964PLC004291 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Semi-Conductor Components. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 4119500 |
|
|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Company has performed well. Overall financial position of the company
is sound and healthy. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitments. 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala Police had arrested Pinckney
and two company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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. S.K. Jain |
|
Designation : |
DGM Finance Department |
|
Contact No.: |
91-172-2650557 |
|
|
|
|
Name : |
Mr. Sunil |
|
Designation : |
Logistic Head |
|
Contact No.: |
91-172-2237355 |
|
Date : |
07.07.2014 |
LOCATIONS
|
Registered / Corporate Office : |
C-120, Naraina Industrial Area, Delhi – 110028, India |
|
Tel. No.: |
91-11-25796150/ 41411112 |
|
Fax No.: |
91-11-25795290/ 41411119 |
|
E-Mail : |
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|
Website : |
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|
Corporate Office : |
132, Industrial Area, Phase I, Chandigarh – 160002, India |
|
Tel No.: |
91-172-2650558 |
|
Fax No.: |
91-172-2655757 |
|
|
|
|
Factory : |
No. B-96, Industrial Area, Phase 8B, Mohali – 160017, Punjab, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Dr. Gurpreet Singh |
|
Designation : |
Chairman and Managing Director |
|
Address : |
B-90-A, Greater Kailash Part-I, New Delhi – 110048, India |
|
Date of Birth/Age : |
74 Years |
|
Qualification : |
PHD |
|
Experience : |
44 Years |
|
Date of Appointment : |
10.12.1964 |
|
Din No.: |
00173503 |
|
|
|
|
Name : |
Mr. Inderdeep Singh |
|
Designation : |
Managing Director |
|
Address : |
A102, New Cosmopolitian, Plot 33, Sector 10, Dearka, New Delhi-110075,
|
|
Date of Birth/Age : |
48 Years |
|
Qualification : |
M.S. (Electrical Engineering) |
|
Experience : |
20 Years |
|
Date of Appointment : |
01.09.1988 |
|
Din No.: |
00173538 |
|
|
|
|
Name : |
Mr. Kushal G Singh |
|
Designation : |
Director |
|
Address : |
20-A, Aurangzeb Road, New Delhi – 110011, India |
|
Date of Birth/Age : |
19.02.1935 |
|
Date of Appointment : |
07.03.1966 |
|
Din No.: |
00178630 |
|
|
|
|
Name : |
Mrs. Gita Devi |
|
Designation : |
Director |
|
Address : |
B 90-A, Greater Kailash Part – I, New Delhi – 110048, India |
|
Date of Birth/Age : |
21.03.1936 |
|
Date of Appointment : |
11.12.1969 |
|
Din No.: |
00215138 |
|
|
|
|
Name : |
Mr. G V Subramaniam |
|
Designation : |
Director |
|
Address : |
EB-150, G-18, Area Maya Enclave, New Delhi – 110064, India |
|
Date of Birth/Age : |
18.02.1940 |
|
Date of Appointment : |
28.10.2002 |
|
Din No.: |
00173861 |
KEY EXECUTIVES
|
Name : |
Mr. Atul Sharma |
|
Designation : |
Secretary |
|
Address : |
183-184, Pocket – 2, Sector 24, Rohini, Delhi – 110085, India |
|
Date of Birth/Age : |
22.12.1985 |
|
Date of Appointment : |
01.06.2012 |
|
Pan No.: |
BJUPS6702B |
|
|
|
|
Name : |
Mr. S.K. Jain |
|
Designation : |
DGM Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
1.76 |
|
Directors
or relatives of directors |
|
97.18 |
|
Other
top fifty shareholders |
|
1.06 |
|
TOTAL |
|
100.00 |
%20-%20275735%2009-Jul-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Semi-Conductor Components. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
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Bankers : |
Standard
Chartered Bank, Sansad Marg, New Delhi - 110001, India |
|||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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|
Auditors : |
|
|
Name : |
Raghunath Rai and Company Chartered Accountants |
|
Address : |
9, Mathura Road, Jangpura 'B', New Delhi – 110014, India |
|
PAN No: |
AAAFR6306E |
|
|
|
|
Subsidiaries : |
·
Bella Vista Management Solutions Private Limited
[U74140DL2011PTC216948] ·
Continental Device Infotech Limited
[U72200DL2006PLC154058] ·
CDIL HK Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4900000 |
Equity Shares |
Rs.10/- each |
Rs.49.000 Millions |
|
10000 |
Preferences Shares |
Rs.100/- each |
Rs.1.000 Million |
|
|
TOTAL
|
|
Rs.50.000
Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4300000 |
Equity Shares |
Rs.10/- each
|
Rs.43.000
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 |
43.000 |
43.000 |
43.000 |
|
(b) Reserves &
Surplus |
986.892 |
982.467 |
980.301 |
|
(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) |
1029.892 |
1025.467 |
1023.301 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
182.351 |
188.487 |
276.626 |
|
(b) Deferred tax
liabilities (Net) |
22.919 |
26.091 |
28.426 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
8.795 |
9.062 |
16.062 |
|
Total Non-current
Liabilities (3) |
214.065 |
223.640 |
321.114 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
13.615 |
8.905 |
13.274 |
|
(b) Trade payables |
55.707 |
44.651 |
53.215 |
|
(c) Other current
liabilities |
172.398 |
132.699 |
118.599 |
|
(d) Short-term provisions |
5.031 |
4.998 |
9.995 |
|
Total Current Liabilities
(4) |
246.751 |
191.253 |
195.083 |
|
|
|
|
|
|
TOTAL |
1490.708 |
1440.360 |
1539.498 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
282.504 |
308.702 |
324.223 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
17.033 |
28.416 |
19.740 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
869.073 |
807.840 |
899.967 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.859 |
4.884 |
4.786 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1173.469 |
1149.842 |
1248.716 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
8.795 |
8.533 |
0.000 |
|
(b) Inventories |
69.225 |
63.076 |
74.607 |
|
(c) Trade receivables |
172.720 |
139.834 |
122.759 |
|
(d) Cash and cash
equivalents |
28.015 |
23.395 |
39.216 |
|
(e) Short-term loans and
advances |
23.335 |
31.645 |
23.965 |
|
(f) Other current assets |
15.149 |
24.035 |
30.235 |
|
Total Current Assets |
317.239 |
290.518 |
290.782 |
|
|
|
|
|
|
TOTAL |
1490.708 |
1440.360 |
1539.498 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
906.515 |
796.181 |
849.342 |
|
|
Other Income |
18.017 |
36.429 |
376.274 |
|
|
TOTAL (A) |
924.532 |
832.610 |
1225.616 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
421.015 |
371.314 |
426.854 |
|
|
Purchases of
Stock-in-Trade |
220.578 |
171.100 |
155.539 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.189) |
5.521 |
9.665 |
|
|
Employees benefits
expense |
150.408 |
147.379 |
142.166 |
|
|
Other expenses |
77.712 |
76.135 |
79.021 |
|
|
TOTAL (B) |
860.524 |
771.449 |
813.245 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
64.008 |
61.161 |
412.371 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
33.474 |
33.483 |
33.412 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
30.534 |
27.678 |
378.959 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.000 |
21.849 |
22.324 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
9.534 |
5.829 |
356.635 |
|
|
|
|
|
|
|
Less |
TAX (I) |
0.078 |
(1.335) |
68.038 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
9.456 |
7.164 |
288.597 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
2.20 |
1.67 |
67.12 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.02 |
0.86 |
23.55 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.05 |
0.73 |
41.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.58 |
0.96 |
57.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.01 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.19 |
0.19 |
0.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
1.52 |
1.49 |
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 |
43.000 |
43.000 |
43.000 |
|
Reserves & Surplus |
980.301 |
982.467 |
986.892 |
|
Net worth |
1023.301 |
1025.467 |
1029.892 |
|
|
|
|
|
|
long-term borrowings |
276.626 |
188.487 |
182.351 |
|
Short term borrowings |
13.274 |
8.905 |
13.615 |
|
Total borrowings |
289.900 |
197.392 |
195.966 |
|
Debt/Equity ratio |
0.283 |
0.192 |
0.190 |
%20-%20275735%2009-Jul-2014_files/image004.gif)
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 |
849.342 |
796.181 |
906.515 |
|
|
|
-6.259 |
13.858 |
%20-%20275735%2009-Jul-2014_files/image006.gif)
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 |
849.342 |
796.181 |
906.515 |
|
Profit |
288.597 |
7.164 |
9.456 |
|
|
33.98% |
0.90% |
1.04% |
%20-%20275735%2009-Jul-2014_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
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 |
10311492 |
29/09/2011 |
123,000,000.00 |
PUNJAB NATIONAL BANK
(LEAD BANK) |
NARAINA VIHAR, NEW DELHI,
DELHI - 110028, INDIA |
B23064405 |
|
2 |
90059689 |
10/07/1989 * |
12,500,000.00 |
BANK OF INDIA |
MAULANA AZAD ROAD,
SRINAGAR, JAMMU AND KASHMIR, INDIA |
- |
|
3 |
90059295 |
27/07/1999 * |
300,000.00 |
UCO BANK |
H BLOCK CONNAUGHT PLACE,
NEW DELHI, DELHI, INDIA |
- |
* Date of charge modification
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term Borrowings
|
|
|
|
Fixed Deposits |
|
|
|
From Directors |
92.670 |
113.065 |
|
From Others |
73.657 |
59.398 |
|
|
|
|
|
Short Term
Borrowings |
|
|
|
Fixed Deposits |
|
|
|
From Others |
4.875 |
4.875 |
|
TOTAL
|
171.202 |
177.338 |
FIXED ASSETS:
·
Freehold Land
·
Leasehold Land
·
Building
·
Factory
·
Plant and Machinery and
Air Conditioning Plant
·
Office Equipments
·
Furniture and Fixtures
·
Vehicles
·
Electrical Installations
·
Capital Advance
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.59.80 |
|
|
1 |
Rs.102.42 |
|
Euro |
1 |
Rs.81.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
50 |
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.