MIRA
INFORM REPORT
|
Report Date : |
25.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
SELVEL CONVEYORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
901, Aavishkar, Near |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.11.1999 |
|
|
|
|
Com. Reg. No.: |
11-122608 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.17.443
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH1999PTC122608 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS39438A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Fabricator of Material Handling Equipment. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established
company having satisfactory track record. Financial
position of the company is good. Trade relations
are reported as fair. Business is active. Payment terms are reported to be
usually correct and as per commitment. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
NEWS
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
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
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
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 DECLINED BY
|
Name : |
Mr. Jigar Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9821215788 |
|
Date : |
24.07.2014 |
LOCATIONS
|
Registered Office : |
901, Aavishkar, Near |
|
Tel. No.: |
91-22-26251753 |
|
Mobile No.: |
91-9821215788 (Mr. Jigar Shah) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
“Selvel House”, Plot No.5/6, Opposite Classic Stripes, Gokhivare, |
|
Tel. No.: |
91-250-2452373/ 2453708-10-12 |
|
Fax No.: |
91-250-2452441 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Niraj Mahendrakumar Shah |
|
Designation : |
Director |
|
Address : |
901, Aavishkar, Near |
|
Date of Birth/Age : |
14.05.1976 |
|
Qualification : |
Diploma in Mechanical Engineering |
|
Date of Appointment : |
10.11.1999 |
|
Voter ID No.: |
XXL3115037 |
|
DIN No.: |
00422919 |
|
|
|
|
Name : |
Mr. Mahendrakumar Nathalal Shah |
|
Designation : |
Director |
|
Address : |
901, Aavishkar, Near |
|
Date of Birth/Age : |
03.07.1946 |
|
Qualification : |
B.E. Mechanical and Electrical |
|
Date of Appointment : |
10.11.1999 |
|
DIN No.: |
00422925 |
|
|
|
|
Name : |
Mr. Jigar Mahendrakumar Shah |
|
Designation : |
Director |
|
Address : |
901, Aavishkar, Near |
|
Date of Birth/Age : |
28.11.1974 |
|
Qualification : |
Diploma in Production Engineering |
|
Date of Appointment : |
10.11.1999 |
|
Voter ID no.: |
J2M0220186 |
|
DIN No.: |
01816060 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Mahendrakumar Nathalal Shah |
1634000 |
|
Jigar Mahendrakumar Shah |
57850 |
|
Niraj Mahendrakumar Shah |
31000 |
|
Monica Apurva Shah |
15600 |
|
Sheetal Jigar Shah |
3600 |
|
Hansaben Mahendrakumar Shah |
2200 |
|
Total
|
1744250 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Fabricator of Material Handling Equipment. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the Management. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Patel (West), Mumbai – 400 013, Maharashtra, India ·
ICICI Bank Limited, |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Notes: LONG TERM BORROWINGS # No default in
terms of repayment of principal and interest Details of Loans
Loans From Banks (Rs.
in millions)
Loan from NBFC (Rs.
in millions)
SHORT TERM
BORROWINGS Loan repayable
on demand from Banks (Rs.
in millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kashyap Umesh and Associates Chartered Accountants |
|
Address : |
208, Malad Shopping Centre, South Wing, 2nd Floor, S.V.
Road, Malad (West), Mumbai – 400 064, Maharashtra, India |
|
Tel. No.: |
91-22-28801203/ 1198/ 1337 |
|
E-Mail : |
|
|
PAN No.: |
AAHFK5100G |
|
|
|
|
Related Parties
(individuals owning, directly or indirectly, an interest
in the voting power of the reporting enterprise that gives them control or significant influence over the enterprise) : |
Selvel Machines Private Limited (Formerly known as Selvel Estate
Private Limited) |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1744250 |
Equity Shares |
Rs.10/- each |
Rs.17.443
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 |
17.443 |
17.443 |
17.443 |
|
(b) Reserves & Surplus |
208.025 |
180.814 |
136.975 |
|
(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) |
225.468 |
198.257 |
154.418 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
45.260 |
1.064 |
0.474 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
4.464 |
5.535 |
3.255 |
|
(d) Long-term provisions |
37.063 |
17.327 |
38.297 |
|
Total Non-current
Liabilities (3) |
86.787 |
23.926 |
42.026 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
26.617 |
5.883 |
3.049 |
|
(b)
Trade payables |
45.499 |
40.589 |
21.762 |
|
(c)
Other current liabilities |
22.248 |
29.833 |
35.437 |
|
(d) Short-term
provisions |
18.334 |
23.967 |
15.903 |
|
Total Current
Liabilities (4) |
112.698 |
100.272 |
76.151 |
|
|
|
|
|
|
TOTAL |
424.953 |
322.455 |
272.595 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
95.690 |
26.393 |
20.599 |
|
(ii)
Intangible Assets |
1.500 |
0.824 |
0.931 |
|
(iii)
Capital work-in-progress |
8.633 |
0.813 |
0.663 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
57.243 |
67.919 |
54.218 |
|
(c) Deferred tax assets (net) |
0.560 |
0.764 |
0.420 |
|
(d) Long-term Loan and Advances |
44.369 |
72.791 |
75.738 |
|
(e) Other
Non-current assets |
3.198 |
3.198 |
3.025 |
|
Total Non-Current
Assets |
211.193 |
172.702 |
155.594 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
25.332 |
4.786 |
7.495 |
|
(b)
Inventories |
33.010 |
27.285 |
28.169 |
|
(c)
Trade receivables |
43.750 |
57.165 |
46.434 |
|
(d) Cash
and cash equivalents |
10.943 |
5.025 |
11.502 |
|
(e) Short-term
loans and advances |
99.143 |
53.901 |
20.660 |
|
(f)
Other current assets |
1.582 |
1.591 |
2.741 |
|
Total
Current Assets |
213.760 |
149.753 |
117.001 |
|
|
|
|
|
|
TOTAL |
424.953 |
322.455 |
272.595 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
285.400 |
232.710 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
236.976 |
285.400 |
232.710 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
11.508 |
3.745 |
3.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROVISION FOR
CURRENT YEARS TAXATION |
14.433 |
22.427 |
14.636 |
|
|
|
DEFERRED TAX |
0.205 |
0.345 |
0.263 |
|
|
|
ADJUSTING SHORT
PROVISION OF TAXATION |
-- |
0.343 |
0.889 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
30.256 |
46.890 |
27.051 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
180.814 |
136.975 |
112.975 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend on Equity Shares |
|
|
|
|
|
|
- Interim Dividend |
1.744 |
1.744 |
1.744 |
|
|
|
- Proposed Final Dividend |
0.872 |
0.872 |
0.872 |
|
|
|
Income Tax on Dividend (Includes income tax on proposed dividend) |
0.428 |
0.435 |
0.435 |
|
|
BALANCE CARRIED
TO THE B/S |
208.026 |
180.814 |
136.975 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of own products at FOB value |
42.262 |
17.594 |
13.908 |
|
|
TOTAL EARNINGS |
42.262 |
17.594 |
13.908 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
31.848 |
47.096 |
35.230 |
|
|
|
Capital Goods |
0.000 |
3.331 |
0.000 |
|
|
TOTAL IMPORTS |
31.848 |
50.427 |
35.230 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
17.35 |
26.88 |
15.51 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
12.77 |
16.43
|
11.62 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.32 |
0.04
|
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.90 |
1.49
|
1.54 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
17.443 |
17.443 |
17.443 |
|
Reserves & Surplus |
136.975 |
180.814 |
208.025 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
154.418 |
198.257 |
225.468 |
|
|
|
|
|
|
Long-term borrowings |
0.474 |
1.064 |
45.260 |
|
Short term borrowings |
3.049 |
5.883 |
26.617 |
|
Total borrowings |
3.523 |
6.947 |
71.877 |
|
Debt/Equity ratio |
0.023 |
0.035 |
0.319 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
232.710 |
285.400 |
236.976 |
|
|
|
22.642 |
-16.967 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
232.710 |
285.400 |
236.976 |
|
Profit |
27.051 |
46.890 |
30.256 |
|
|
11.62% |
16.43% |
12.77% |
LOCAL AGENCY FURTHER INFORMATION
Details of Current maturities of long-term borrowings:
|
Particulars |
31.03.2013 (Rs. in millions) |
31.03.2012 (Rs. in millions) |
31.03.2011 (Rs. in millions) |
|
Current maturities of long-term borrowings |
|
|
|
|
Loan From Banks |
|
|
|
|
- Vehicle Loan |
0.000 |
0.474 |
0.479 |
|
- Housing Loan |
3.358 |
0.000 |
0.000 |
|
Loan From NBFC |
|
|
|
|
- Vehicle Loan |
0.658 |
0.598 |
0.000 |
|
Total |
4.016 |
1.072 |
0.479 |
|
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] |
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 |
Yes |
|
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 |
10379499 |
29/04/2014 * |
13,600,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER
PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
C04308755 |
|
2 |
10350684 |
26/04/2012 |
51,140,000.00 |
ICICI BANK LIMITED |
LANDMARK |
B37862877 |
|
3 |
90144958 |
20/06/2014 * |
68,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER
PAREL (WEST), MUMBAI, MAHARASHTRA - 400013, INDIA |
C08172199 |
* Date of charge modification
|
Unsecured Loans |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties# |
5.250 |
0.827 |
|
Total |
5.250 |
0.827 |
FINANCIAL
RESULTS:
During the year the Company has achieved total income of Rs.236.976
millions and earned net profit of Rs.30.256 millions on the same after providing
provisions for depreciation of Rs.11.508 millions, provision for current years
taxation of Rs.14.433 millions and adjusting deferred tax of Rs.0.205 million.
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Bank guarantee issued by banks |
4.837 |
4.343 |
|
Claims
against the Company not acknowledged as debts |
|
|
|
- Income-tax matters in dispute
pending for rectification/ re-computation |
1.456 |
1.691 |
|
Total
|
6.293 |
6.034 |
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Lift
·
Plant and Machineries
·
Furniture and Fixtures
·
Vehicles
·
Computers
Intangible Assets
·
Technical Know-How
·
Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.00 |
|
|
1 |
Rs.102.19 |
|
Euro |
1 |
Rs.80.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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.