MIRA
INFORM REPORT
|
Report Date : |
18.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
G. T. FRUITECH PRIVATE LIMITED
(w.e.f.24.07.2009) |
|
|
|
|
Formerly Known
As : |
PIONEER WEBTECH PRIVATE LIMITED (w.e.f.09.01.2009) CARAMEL FOODS PRIVATE LIMITED |
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Registered
Office : |
B-201, Ground Floor, New Subzi Mandi, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
29.11.2007 |
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Com. Reg. No.: |
55-170895 |
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Capital
Investment / Paid-up Capital : |
Rs.0.600 Million |
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CIN No.: [Company Identification
No.] |
U74140DL2007PTC170895 |
|
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELG12529G |
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PAN No.: [Permanent Account No.] |
AADCC2846A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Fruits. |
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No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 15100 |
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Status : |
Moderate |
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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 moderate track record. The company possesses a moderate financial profile marked by small networth
along with high working capital intensive nature of operations which has
further increased the dependency on borrowings. Management has witnessed an increase in sales volume as well as net
profitability but has reported a low profit margin due to its trading nature
of business. The rating also take into consideration the favourable gap between the
trade receivables and payables which may further support the liquidity as
well as business profile during 2013. Trade relations seems to fair. Business is active. Payment terms are
reported as slow but correct. In view of strong support extended by the promoters, the company can
be considered for business dealings with some caution. |
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 |
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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
31-03-2014.
INFORMATION DENIED
Management Non Co-Operative (91-11-27677222)
LOCATIONS
|
Registered Office : |
B-201, Ground Floor, New Subzi Mandi, Delhi – 110033, India |
|
Tel. No.: |
91-11-27677222 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office
: |
B-153, New Fruit Market, Azadpur, New Delhi – 110033, India |
|
Tel No.: |
91-11-27677222/ 333/ 444 |
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Email : |
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Branch Office : |
J403, APMC Fruit Market, Vashi, Navi Mumbai – 400703, Maharashtra,
India |
DIRECTORS
As on: 30.09.2012
|
Name : |
Mr. Hari Chand Gidwani |
|
Designation : |
Director |
|
Address : |
Ak-96, Shalimar Bagh, Delhi – 110088, India |
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Date of Birth/Age : |
09.06.1952 |
|
Date of Appointment : |
29.11.2007 |
|
DIN No.: |
01887944 |
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|
|
|
Name : |
Mr. Dharam Das |
|
Designation : |
Director |
|
Address : |
D-13/3, 3rd Floor, Model Town, Delhi – 110009, India |
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Date of Birth/Age : |
20.04.1957 |
|
Date of Appointment : |
29.11.2007 |
|
DIN No.: |
01892895 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Hari Chand Gidwani |
|
5000 |
|
Dharam Das |
|
6900 |
|
Hari Chand Gidwani HUF |
|
4800 |
|
Dharamdas Gidwani HUF |
|
4400 |
|
Amit Gidwani |
|
10000 |
|
Sumit Gidwani |
|
10000 |
|
Prashant Gidwani |
|
8400 |
|
Dalip Kumar Dhingra HUF |
|
100 |
|
Praveen Kumar Dhingra HUF |
|
100 |
|
Himani Dhingra |
|
100 |
|
Kalpna Dhingra |
|
100 |
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Amit Gidwani HUF |
|
3850 |
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Sumit Gidwani HUF |
|
3850 |
|
Prashant Gidwani HUF |
|
2800 |
|
|
|
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Total |
|
60400 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
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|
|
|
|
Directors or relatives of directors |
|
99.00 |
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Other top fifty shareholders |
|
1.00 |
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Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Fruits. |
GENERAL INFORMATION
|
No. of Employees : |
35 (Approximately) |
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Bankers : |
· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India ·
Kotak Mahindra Bank Limited ·
ICICI Bank Limited ·
IDBI Bank Limited |
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Facilities : |
(Rs.
In Millions)
SHORT TERM
BORROWINGS CC Limit
is secured by means of Hypothecation of first and exclusive charges on all present and future Current assets
inclusive of all stock and book debts. The same is further secured by way of Equitable
mortgage of Commercial Property No. B-201, Azadpur (Ground Floor and
Basement), Residential Property bearing D13/3, Third Floor with roof, rights
Model Town, Delhi, Top Floor with roof rights Residential Flat in a
3-Storeyed Building on Property Bearing No 95, Situated at Shalimar Bagh, New
Delhi (already mortgaged with HDFC Bank Limited for exposure given to
Gangaram Tikamdas) |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Jain and Anand Chartered Accountants |
|
Address : |
310, Kumar Tower, 15 Community Centre, Wazirpur Industrial Area, New
Delhi – 110052, India |
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Tel. No.: |
91-11-27373075/ 27376700 |
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Fax No.: |
91-11-27477097/ 27470089 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AADFJ0065F |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60,400 |
Equity Shares |
Rs. 10/- each |
Rs. 0.604
Million |
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AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
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|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60,000 |
Equity Shares |
Rs. 10/- each |
Rs. 0.600
Million |
|
|
|
|
|
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 |
0.600 |
0.600 |
0.501 |
|
(b) Reserves & Surplus |
3.177 |
1.863 |
0.897 |
|
(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) |
3.777 |
2.463 |
1.398 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.009 |
1.641 |
0.862 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
1.009 |
1.641 |
0.862 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
117.408 |
53.568 |
46.031 |
|
(b) Trade payables |
5.465 |
5.154 |
4.330 |
|
(c) Other current liabilities |
2.311 |
0.593 |
0.596 |
|
(d) Short-term provisions |
1.332 |
1.333 |
1.021 |
|
Total
Current Liabilities (4) |
126.516 |
60.648 |
51.978 |
|
|
|
|
|
|
TOTAL |
131.302 |
64.752 |
54.238 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.178 |
5.811 |
4.720 |
|
(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) |
0.296 |
0.142 |
0.052 |
|
(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 |
7.474 |
5.953 |
4.772 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
22.189 |
6.664 |
7.827 |
|
(c) Trade receivables |
59.646 |
39.783 |
32.154 |
|
(d) Cash and cash equivalents |
15.576 |
3.898 |
5.566 |
|
(e) Short-term loans and
advances |
26.417 |
8.454 |
3.919 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
123.828 |
58.799 |
49.466 |
|
|
|
|
|
|
TOTAL |
131.302 |
64.752 |
54.238 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
593.690 |
434.169 |
200.934 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
1.849 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
NA |
NA |
0.586 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.096 |
1.400 |
1.263 |
|
|
|
|
|
|
|
|
|
|
TAX |
0.782 |
0.434 |
0.456 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
1.314 |
0.966 |
0.807 |
|
|
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
340.513 |
233.281 |
108.987 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.90 |
16.10 |
16.10 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.60 |
2.17
|
2.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.55
|
0.57
|
0.90 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
31.35
|
22.42
|
33.54 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98
|
0.97
|
0.95 |
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 |
0.501 |
0.600 |
0.600 |
|
Reserves & Surplus |
0.897 |
1.863 |
3.177 |
|
Net
worth |
1.398 |
2.463 |
3.777 |
|
|
|
|
|
|
long-term borrowings |
0.862 |
1.641 |
1.009 |
|
Short term borrowings |
46.031 |
53.568 |
117.408 |
|
Total
borrowings |
46.893 |
55.209 |
118.417 |
|
Debt/Equity
ratio |
33.543 |
22.415 |
31.352 |
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) |
|
Turnover |
200.934 |
434.169 |
593.690 |
|
|
|
116.075 |
36.742 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Turnover |
200.934 |
434.169 |
593.690 |
|
Profit |
0.807 |
0.966 |
1.314 |
|
|
0.40% |
0.22% |
0.22% |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
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] |
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 |
Note:
The Registered Office of the company has been shifted from D-1A, Mahendru Enclave, G.T. Karnal Road, Delhi – 110033, India to the present address w.e.f. 15.10.2013.
UNSECURED
LOAN
(Rs. In Millions)
|
Particular
|
As on 31.03.2013 |
As on 31.03.2012 |
|
Dharam
Dass |
0.422 |
0.381 |
|
Dharam
Dass Gidwani HUF |
0.125 |
0.113 |
|
Prashant
Gidwani |
0.352 |
0.010 |
|
Sheetal
Gidwan |
1.275 |
0.271 |
|
Navya
Gidwani |
1.564 |
0.800 |
|
Kanika
Gidwani |
0.743 |
0.683 |
|
Aditi
Gidwan |
1.856 |
1.379 |
|
Amit Gidwani |
0.457 |
0.314 |
|
Amit Gidwani HUF |
1.941 |
1.747 |
|
Ashna
Gidwani D/o Amit Gidwani |
0.755 |
0.682 |
|
Dharuv
Gidwani S/o Amit Gidwani |
0.615 |
0.548 |
|
Harichand
Gidwani |
0.031 |
0.206 |
|
Kanisha
Gidwani |
2.006 |
1.495 |
|
Madhu
Gidwani |
3.016 |
2.127 |
|
Rehaan
Gidwani S/o Sumit Gidwani |
0.517 |
0.324 |
|
Sayesb
Gidwani S/o Sumit Gidwani |
0.627 |
0.424 |
|
Sumit
Gidwani |
0.513 |
0.425 |
|
Sumit
Gidwani HUF |
1.944 |
1.747 |
|
Gangaram
Tikamdas |
15.000 |
0.000 |
|
Bhavesh
Gidwani |
2.503 |
2.274 |
|
Neeru
Gidwani |
0.366 |
3.142 |
|
Ritesh
Gidwani |
2.167 |
1.749 |
|
Leena
Gidwani |
0.00 |
0.258 |
|
Shri
Chand Gidwani |
0.367 |
0.334 |
|
Shri
Chand Gidwani HUF |
0.247 |
0.212 |
|
Varsha
Gidwani |
0.466 |
0.172 |
|
Hemant
Gidwani |
0.138 |
0.393 |
|
|
|
|
|
Total |
40.013 |
22.210 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10331345 |
15/03/2013 * |
140,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B71351092 |
|
2 |
10331247 |
11/03/2013 * |
115,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B70885983 |
* Date of charge modification
FIXED ASSETS:
· Buildings
Vehicles
Office
Equipments
Computers
Air
Conditioners
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.60.14 |
|
|
1 |
Rs.103.00 |
|
Euro |
1 |
Rs.81.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
28 |
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.