MIRA
INFORM REPORT
|
Report Date : |
24.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
INMAC COMPUTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B – 5, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.12.1994 |
|
|
|
|
Com. Reg. No.: |
11-083705 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U30007MH1994PTC083705 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMI02723A |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
The Company is engaged in the Business of Trading in Computers and
Hardware. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually 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
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 PARTED BY
|
Name : |
Mr. Rakesh Rathod |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-22-67844000 |
|
Date : |
24.07.2014 |
LOCATIONS
|
Registered Office : |
B – 5, Urvashioff Sayonji Road, Prabhadevi, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-26865501 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
219, Udyog Bhavan, |
|
Tel. No.: |
91-22-67844000 |
|
Fax No.: |
91-22-26865504 |
|
E-Mail : |
|
|
Area : |
1000 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
|
69/71, Dol-bin-shir Building, Groud Floor, Janmabhoomi Marg, Mumbai –
400001, Maharashtra, India. |
|
Tel No. : |
91-22-22854698/4389/22835556/8979 |
|
Fax No. : |
91-22-22043648 |
|
|
|
|
Branches : |
Located At : ·
·
·
·
Chennai ·
·
Panjim |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Girish Babu Valiyaveetil |
|
Designation : |
Director |
|
Address : |
B – 206, Ankur, Goregoan Link Road, Goregaon (W), Mumbai, Maharashtra,
India. |
|
Date of Birth/Age : |
10.04.1965 |
|
Qualification : |
MBA |
|
Date of Appointment : |
13.12.1994 |
|
DIN No.: |
00128408 |
|
|
|
|
Name : |
Mrs. Asha Girish Babu |
|
Designation : |
Director |
|
Address : |
B – 206, Ankur, Goregoan Link Road, Goregaon (W), Mumbai, Maharashtra,
India. |
|
Date of Birth/Age : |
27.08.1967 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
13.03.2000 |
|
DIN No.: |
00128716 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh Rathod |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Girish Babu Valiyaveetil |
17800 |
19.78 |
|
Asha Girish Babu |
72100 |
80.11 |
|
R. dlleepan |
100 |
0.11 |
|
Total |
90000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is Engaged in the Business of Trading in Computers and
Hardware. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Customers : |
Others and Corporate |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
70 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda, Sharda Niwas, Lokmanya Tilak
Road, Dahisar West, Mumbai – 400 068, Maharashtra, India ·
Canara Bank, Mira Road, Mira Road East, Mira Road
– 401 107, Maharashtra, India ·
UCO Bank, Fort Branch, Mumbai, Maharashtra, India ·
The Karad Co-operative Bank |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
NOTES: Long Term Borrowings Nature of Security and terms of repayment for long term secured
borrowings The car loan of
Rs.2.031 Millions from bank Kotak Mahindra Prime Limited is secured against
the hypothecation of car and personally guaranteed by the Directors. Repayable in 59 Monthly installments starting from January 2012 and
last installment due in November 2016 Rate of Interest 12.15% p.a. Short Term Borrowings Cash credit from
Bank of Baroda is secured fixed deposits held by the company and by
hypothecation of existing current assets of the company viz. stock of
finished goods, bills receivable, book debts, tangible movable machineries,
plant machineries, fixtures, fittings other installation, furniture etc. and
all other moveable current assets both present and future. The loans are also
supported with collateral security of the assets / properties owned by the
directors and personal guarantees. All the loans
are repayable on demand. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
RCS and Associates Chartered Accountants |
|
Address : |
1307, Cosmos Tower, Sarover Vihar Road, Sector 11, Cbd Belapur, Navi
Mumbai – 400 614, Maharashtra, India |
|
PAN No.: |
ANZPS4640L |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs. 10/- each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs. 10/- each |
Rs.0.900 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 |
|
|
|
|
(a) Share Capital |
0.900 |
0.900 |
0.900 |
|
(b) Reserves & Surplus |
14.587 |
12.149 |
9.815 |
|
(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) |
15.487 |
13.049 |
10.715 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.250 |
4.019 |
5.019 |
|
(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) |
1.250 |
4.019 |
5.019 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
46.526 |
29.198 |
20.406 |
|
(b) Trade payables |
25.013 |
26.175 |
31.720 |
|
(c) Other current
liabilities |
10.048 |
14.448 |
15.118 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
81.587 |
69.821 |
67.244 |
|
|
|
|
|
|
TOTAL |
98.324 |
86.889 |
82.978 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.176 |
5.028 |
3.586 |
|
(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 |
0.261 |
0.281 |
0.035 |
|
(c) Deferred tax assets (net) |
0.143 |
0.481 |
0.366 |
|
(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 |
4.580 |
5.790 |
3.987 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.025 |
0.000 |
0.000 |
|
(b) Inventories |
21.094 |
15.435 |
13.600 |
|
(c) Trade receivables |
23.288 |
20.380 |
26.406 |
|
(d) Cash and cash
equivalents |
17.122 |
21.663 |
18.202 |
|
(e) Short-term loans and
advances |
29.686 |
23.621 |
20.783 |
|
(f) Other current assets |
2.529 |
0.000 |
0.000 |
|
Total Current Assets |
93.744 |
81.099 |
78.991 |
|
|
|
|
|
|
TOTAL |
98.324 |
86.889 |
82.978 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
200.687 |
183.688 |
170.588 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
196.621 |
180.271 |
168.017 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
4.066 |
3.417 |
2.571 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.628 |
1.082 |
0.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
2.438 |
2.335 |
1.788 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
12.149 |
9.814 |
8.026 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
14.587 |
12.149 |
9.814 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.09 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.21
|
1.27 |
1.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.15
|
3.97 |
3.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.26 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.08
|
2.55 |
2.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15
|
1.16 |
1.17 |
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 |
0.900 |
0.900 |
0.900 |
|
Reserves & Surplus |
9.815 |
12.149 |
14.587 |
|
|
0.000 |
0.000 |
0.000 |
|
Net
worth |
10.715 |
13.049 |
15.487 |
|
|
|
|
|
|
long-term borrowings |
5.019 |
4.019 |
1.250 |
|
Short term borrowings |
20.406 |
29.198 |
46.526 |
|
Total
borrowings |
25.425 |
33.217 |
47.776 |
|
Debt/Equity
ratio |
2.373 |
2.546 |
3.085 |
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 |
170.588 |
183.688 |
200.687 |
|
|
|
7.679 |
9.254 |
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
|
170.588 |
183.688 |
200.687 |
|
Profit |
1.788 |
2.335 |
2.438 |
|
|
1.05% |
1.27% |
1.21% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long term debt |
2.769 |
6.338 |
8.644 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
LITIGATION
DETAILS:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loan from Banks |
0.000 |
0.913 |
|
Loan from
Financial Institutions |
0.000 |
1.480 |
|
Short Term Borrowings |
|
|
|
Loan from Related
parties |
0.457 |
0.001 |
|
|
|
|
|
Total |
0.457 |
2.394 |
NOTES:
Long Term Borrowings
Terms of repayment for long term unsecured borrowings.
|
Borrowings
Terms of Repayment Term loan from Bajaj Finserv Repayable in
36 monthly instalments starting from Lending Limited Rs.
November 2010 and last instalment due in October 1.938 Millions
2013 Rate of interest 18.5% p.a. Term loan from HDB Finance Repayable in
36 monthly instalments starting from Services Limited Rs.
November 2010 and last instalment due in October 2.000 Millions 2013 Rate of interest
18.50% p.a. Term loan from Magma
Repayable in 18 monthly instalments starting from Fincorp Limited Rs.
January 2012 and last instalment due in June 2013 2.500 Millions
Rate of interest 9.05% p.a. Term loan from Tata Capital Repayable in
36 monthly instalments starting from Limited Rs. 1.500 Millions November
2010 and last instalment due in October
2013 Rate of interest 17.26% p.a. Term loan from Barclays Repayable in 12
monthly instalments starting from July Finance Limited Rs.
2011 and last instalment due in June 2013 3.500 Millions
Interest 19% p.a. Term loan from Kotak
Repayable in 36 monthly instalments starting from Mahindra Bank Rs.
March 2011 and last instalment due in February 2014 2.500 Millions
Rate of interest 19.5% p.a. Instalments falling due in respect of all the above Loans upto March
31, 2014 have been grouped under Current maturities of long-term debt |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10341020 |
14/03/2012 |
49,000,000.00 |
BANK OF BARODA |
SHARDA NIWAS, LOKMANYA TILAK ROAD, DAHISAR WEST, MUMBAI – 400 068, MAHARASHTRA, INDIA |
B34512152 |
|
2 |
90159826 |
03/06/1999 * |
415,000.00 |
THE SARASWAT CO-OPRATIVE BANK LIMITED |
PRABHADEVI, MUMBAI – 400 025, MAHARASHTRA, INDIA |
- |
|
3 |
90159712 |
23/05/1998 |
1,500,000.00 |
THE SARASWAT CO-OPRATIVE BANK LIMITED |
CENTRAL ADMENISTRATICE OFFICE APSARACENAMA BUILDING, 2ND FLOOR GRANT ROAD DB MARG, MUMBAI – 400 007, MAHARASHTRA, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
·
Office Premises
·
Office Equipment
·
Furniture and Fixture
·
Motor Car
·
Computer
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.60.24 |
|
|
1 |
Rs.102.87 |
|
Euro |
1 |
Rs.81.44 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
48 |
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.