MIRA
INFORM REPORT
|
Report Date : |
30.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
TECHNOCRATS SECURITY SYSTEMS PRIVATE LIMITED |
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|
Registered Office
: |
Unit C-2, Model Industrial Town, Vikas Industrial Estate, Vishweshwar
Nagar Road, Off Aarey Road, Goregaon (East), Mumbai – 400063, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of Incorporation
: |
17.02.2000 |
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Com. Reg. No.: |
11-124321 |
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Capital
Investment / Paid-up Capital : |
Rs.0.891
Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U28993MH2000PTC124321 |
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|
|
PAN No.: [Permanent Account No.] |
AABCT3068M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Distributor of Hygiene, Automotive and
Security Products. |
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No. of Employees
: |
207 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 450000 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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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 normal 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund manager
Jim Chanos has been keenly following the political and economic development in
the dragon economy and has figured out something that is quite worrying. He is
of the view that the Chinese economy could be heading toward trouble on account
of new Chinese President Xi Jingping’s very aggressive anti-corruption drive.
Chanos believes tat many things such as apartment sales, luxury products, etc.
were largely bought with dirty money. And it is now beginning to impact
consumption. This may indeed be bad news for an economy that is struggling to
transition from an investment-driven export-oriented economy to a domestic
consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period with
an annualized return of 20 % ! Equities came in second with annualized return
of 15.5 % ! However, while these returns may seem mouthwatering, the fact is
that the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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. Bhadrika |
|
Designation : |
Back Office Executive (Operation) |
|
Contact No.: |
91-22-42480480 |
|
Date : |
26.07.2014 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Unit C-2, Model Industrial Town, Vikas Industrial Estate, Vishweshwar
Nagar Road, Off Aarey Road, Goregaon (East), Mumbai – 400063, Maharashtra,
India |
|
Tel. No.: |
91-22-42480480/ 29272791/ 42480429 |
|
Fax No.: |
91-22-29272795/ 28720941 |
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E-Mail : |
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Website : |
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Area : |
6000 Sq Ft |
|
Location : |
Owned |
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Factory 2 : |
Malad, Mumbai, Maharashtra, India |
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|
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Factory 3 : |
Wativ Phata, Vasai, Thane, Maharashtra, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ajit Dattaram Khetle |
|
Designation : |
Director |
|
Address : |
A/ 12, 204, Sahyadri Cooperative Housing Society Limited, General A K
Vaidya Marg, Goregaon (East), Mumbai - 400063, Maharashtra, India |
|
Date of Birth/Age : |
04.09.1964 |
|
Date of Appointment : |
17.02.2000 |
|
Voter ID No.: |
MT/09/043/0300145 |
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DIN No.: |
01786187 |
|
|
|
|
Name : |
Mr. Nitin Amrutlal Munot |
|
Designation : |
Director |
|
Address : |
603, Highway Park, E-3, Thakur Complex, Kandivali (East), Mumbai –
400101, Maharashtra, India |
|
Date of Birth/Age : |
27.05.1965 |
|
Date of Appointment : |
17.02.2000 |
|
DIN No.: |
01786215 |
|
|
|
|
Name : |
Mr. Devendra Kumar Rajmal Ranka |
|
Designation : |
Director |
|
Address : |
25, Aakash Apartment, Mamlatdarwadi, X Road No.4, Malad (West), Mumbai
- 400064, Maharashtra, India |
|
Date of Birth/Age : |
14.10.1970 |
|
Date of Appointment : |
17.02.2000 |
|
DIN No.: |
02542993 |
KEY EXECUTIVE
|
Name : |
Mr. Bhadrika |
|
Designation : |
Back Office Executive (Operation) |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ajlt Attaram Khetlea |
36000 |
40.42 |
|
Nitin Amrutlal Munot |
24000 |
26.95 |
|
Devendra Rajmal Ranka |
7500 |
8.42 |
|
Meghdoot Arvind Thakkar |
7500 |
8.42 |
|
NICCO Securities Private Limited, India |
3125 |
3.51 |
|
Gyaneshwar Trading and Finance Company Limited, India |
3125 |
3.51 |
|
Oshin Investments and Finance Private Limited, India |
3125 |
3.51 |
|
Gyaneshwar Trading and Finance Company Limited, India |
1562 |
1.75 |
|
SLDH Housing Development Company Limited, India |
3125 |
3.51 |
|
Total |
89062 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
15.79 |
|
Directors or relatives of Directors |
84.21 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Distributor of Hygiene, Automotive and
Security Products. |
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|
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Imports : |
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|
Products : |
Automotive and Securities Products |
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Countries : |
·
Italy ·
Israel |
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Terms : |
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Selling : |
Cash, Cheque and Credit |
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Purchasing : |
Cash, Cheque and Credit |
GENERAL INFORMATION
|
Customers : |
·
Cipla Limited ·
Lupine Pharma Limited ·
Larsen and Tubro Limited ·
Asia Heart Institute ·
Poly Peptide Laboratories ·
Zydus ·
Panacea Biotec ·
Glenmark ·
Novartis ·
Indian Railways ·
Godrej ·
Future Group ·
Mahindra ·
Essar ·
Radio City |
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No. of Employees : |
207 (Approximately) |
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Bankers : |
·
ICICI Bank Limited, Landmark Race Cource
Circle, Alkapuri, Vadodara - 390015,
Gujarat, India ·
Standard Chartered Bank, 201-B/1, Standard
Chartered Tower, Western Express Highway, Goregaon (East), Mumbai, Maharashtra - 400063, India |
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Facilities : |
*Nature of
Security :- The
Company has taken Cash credit facility Limit upto Rs.10.000 Millions and Term Loan Rs.27.300 Millions by way of
Exclusive Charge on Unit C-2,Model Industrial
Colony, Vishweshwar Nagar, Off Aarey Road,
Goregaon (East), Mumbai-400063, Maharashtra, India Terms
of Repayment:- Term loan of Rs.27.300 Millions taken from standard chartered
bank is repayable in 60 equal Monthly Installments of Rs.0.593 Million from
01/03/2012 - 28/02/2017 |
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|
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
GMJ and Company Chartered Accountants |
|
Address : |
3rd and 4th Floor, Vaastu Darshan "B",
Above Central, Bank of India, Azad Road, Andheri (East), Mumbai – 400069,
Maharashtra, India |
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Tel. No.: |
91-22-61919293/ 222/ 200 |
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Fax No.: |
91-22-26842221/ 61919256 |
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E-Mail : |
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PAN
No.: |
AAAFG2163L |
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Related Parties
: |
3S Security System |
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 |
|
|
|
|
|
|
89062 |
Equity Shares |
Rs.10/- each |
Rs.0.891 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 |
0.891 |
0.891 |
0.891 |
|
(b) Reserves & Surplus |
112.847 |
99.083 |
78.535 |
|
(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) |
113.738 |
99.974 |
79.426 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
15.159 |
19.427 |
16.760 |
|
(b) Deferred tax liabilities (Net) |
7.951 |
4.507 |
5.025 |
|
(c) Other long term liabilities |
0.180 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
23.290 |
23.934 |
21.785 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
72.344 |
56.643 |
35.945 |
|
(b) Trade payables |
75.506 |
95.235 |
85.187 |
|
(c) Other current
liabilities |
27.037 |
35.852 |
10.176 |
|
(d) Short-term provisions |
9.725 |
13.303 |
25.867 |
|
Total Current Liabilities (4) |
184.612 |
201.033 |
157.175 |
|
|
|
|
|
|
TOTAL |
321.640 |
324.941 |
258.386 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
65.167 |
67.138 |
62.214 |
|
(ii) Intangible Assets |
0.643 |
0.004 |
0.011 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.797 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
4.430 |
0.654 |
1.965 |
|
Total Non-Current Assets |
71.037 |
67.796 |
64.190 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
24.085 |
15.835 |
18.135 |
|
(c) Trade receivables |
201.732 |
213.077 |
159.614 |
|
(d) Cash and cash
equivalents |
2.343 |
4.453 |
1.187 |
|
(e) Short-term loans and
advances |
5.172 |
9.543 |
6.787 |
|
(f) Other current assets |
17.271 |
14.237 |
8.473 |
|
Total Current Assets |
250.603 |
257.145 |
194.196 |
|
|
|
|
|
|
TOTAL |
321.640 |
324.941 |
258.386 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
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||
|
|
|
Income |
|
|
323.635 |
|
|
|
|
Other Income |
|
|
NA |
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
NA |
NA |
NA |
||
|
|
|
|
|
|
||
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
32.789 |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES |
NA |
NA |
7.417 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
25.372 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
NA |
NA |
3.298 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
24.864 |
26.953 |
22.074 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
11.100 |
6.405 |
6.496 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
13.764 |
20.548 |
15.578 |
||
|
|
|
|
|
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||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
69.475 |
48.927 |
34.420 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
83.239 |
69.475 |
48.927 |
||
|
|
|
|
|
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||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
68.051 |
46.753 |
57.814 |
|
|
|
TOTAL IMPORTS |
68.051 |
46.753 |
57.814 |
||
|
|
|
|
|
|
||
|
|
Earnings Per Share
(Rs.) |
154.54 |
230.72 |
174.91 |
||
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
450.000 |
The above information has been parted by Mr. Bhadrika
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.73 |
8.29 |
8.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.27 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.77 |
0.76 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.28 |
1.24 |
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 |
0.891 |
0.891 |
0.891 |
|
Reserves & Surplus |
78.535 |
99.083 |
112.847 |
|
Net
worth |
79.426 |
99.974 |
113.738 |
|
|
|
|
|
|
long-term borrowings |
16.760 |
19.427 |
15.159 |
|
Short term borrowings |
35.945 |
56.643 |
72.344 |
|
Total
borrowings |
52.705 |
76.070 |
87.503 |
|
Debt/Equity
ratio |
0.664 |
0.761 |
0.769 |
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 |
Yes |
|
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
two year |
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 |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
From Others |
0.782 |
0.000 |
|
From Directors |
51.245 |
48.037 |
|
Total |
52.027 |
48.037 |
CORPORATE INFORMATION
The
company was incorporated on 17/02/2000. The company is a leading company in the
field of Security, Automation & Hygiene Industry. The company has set its high
standard in building safe, secure and hygienic tomorrow,
timely delivery and customer satisfaction. The company has
always strived hard to keep its commitment and thus enjoy a remarkable
recognition in the field of CCTV camera installation,
motorised blinds and Industrial doors. The company received a certificate of
Incorporation from the Registrar of Companies, Mumbai. Accordingly, all
provisions of the Companies Act, 1992, and rules and regulations relating
thereto are applicable to the company.
WORKING RESULTS:
During the year, the company has earned a Profit after tax of Rs.13.764 Millions as compared to Profit after tax of Rs.20.548 Millions in the previous year.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10407034 |
27/02/2013 |
100,000,000.00 |
ICICI BANK LIMITED |
72-73, Shining Star Apartments,, S V Road, Borivali ( West), Mumbai, Maharashtra - 400092, India |
B69180677 |
|
2 |
10264597 |
13/01/2011 |
26,100,000.00 |
Standard Chartered Bank, |
201-B/1, Standard Chartered Tower, Western Express Highway, Goregaon (E), Mumbai, Maharashtra - 400063, India |
B04602728 |
|
3 |
10208775 |
30/12/2013 * |
115,840,000.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B93112548 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.60.10 |
|
|
1 |
Rs.102.04 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
49 |
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.