MIRA
INFORM REPORT
|
Report Date : |
07.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
OPTIMA STAINLESS PRIVATE LIMITED (w.e.f. 18.08.2009) |
|
|
|
|
Formerly Known
As : |
GUJARAT ANTIBIOTICS AND PARENTARALS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
1, Usha Apartment, 2,Lalitkunj Society, Near President Hotel, Navrangpura, Ahmedabad-380009, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
15.03.1994 |
|
|
|
|
Com. Reg. No.: |
04-021540 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200GJ1994PTC021540 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Stainless Tubes and Pipes |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 740000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating reflects moderate financial risk profile marked by limited
scale of operation and minimal turnover achieved by the company. However, trade relations are fair. Business is active. Payment terms
are slow but correct. 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 – December 1, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India’s private sector
output contracted for the seventh consecutive month in January as services
sector output remained weak amid tough economic conditions. The HSBC India
Composite Output Index which maps both services and manufacturing, stood at
49.6 in January, up from 48.1 in December but below the crucial 50 mark for the
seventh consecutive month. This is poll season and uncertainty over pending
bills continues. Finance Minister P Chidambaram summed up the situation when he
expressed doubts whether any key legislation, except for the vote-on-account,
will be passed on the current session of Parliament.
Middle-and-senior-level
managers of India Inc are quite optimistic about the economic situation in
2014, says the latest survey by hiring agency Randstad India. The quarterly
review tracks trends across 32 countries including India which has the highest
mobility index of 146. The figure is the lowest as far as India is
concerned since the survey was conducted in the first quarter of 2010 and is
down by eight points from the previous quarter (154), Malaysia, Mexico and Hong
Kong follow India while the mobility is the least in Luxembourg, Germany and
Belgium indicating least employee churn.
$ 1.25 bn Foreign
direct investment in the pharmaceutical sector during the April-November period
of this financial year, compared with $ 581 million a year earlier. $97 bn, the
amount of excess cash tied up in the working capital processes by leading
Indian firms, although there has been a marginal improvement in the performance
last year, says a recent EY report. $2.5 bn, estimated capital expenditure by
Facebook which celebrated its 10th anniversary in 2014. Its capex
was $ 1.37 billion in 2013. Foreign institutions and non-resident Indians
can now invest in the insurance sector, within the 26 % cap on foreign direct
investment in the sector. The Department of Industrial Policy and Promotion
said this relaxation will apply to insurance companies, insurance brokers,
third-party administrators, surveyors and loss assessors.
In a boost to the
tourism sector, India will extend the visa-on-arrival facility to all countries
except eight, including Pakistan from September. India’s total foreign tourism
arrivals stood at 6.84 million in 2013. Forex earnings from tourism grew 2.2 % year-on-year
to $ 18.1 billion.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Mahesh Sanghvi |
|
Designation : |
Director |
|
Contact No.: |
91-9820901913 |
|
Date : |
06.03.2014 |
LOCATIONS
|
Registered Office : |
1, Usha Apartment, 2,Lalitkunj Society, Near President Hotel, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9820901913 (Mr. Mahesh Sanghvi) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Shantilal Premchand Sanghvi |
|
Designation : |
Director |
|
Address : |
B-805, Vasant Vihar, Dafnala Road, Shahbaug, Ahmedabad-380004,
Gujarat, India |
|
Date of Birth/Age : |
06.05.1958 |
|
Date of Appointment : |
10.10.2007 |
|
DIN No.: |
00483385 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U27104MH1994PTC162301 |
SCORODITE STAINLESS
INDIA PRIVATE LIMITED. |
Director |
23/05/1994 |
23/05/1994 |
15/07/2008 |
Active |
NO |
|
2 |
U72200GJ2000PTC037382 |
SLS INDUSTRIES
PRIVATE LIMITED |
Director |
18/02/2000 |
18/02/2000 |
- |
Active |
NO |
|
3 |
U27109MH1994PTC163692 |
SLS STAINLESS
PRIVATE LIMITED |
Managing
director |
21/03/2007 |
21/03/2007 |
- |
Active |
NO |
|
4 |
U27200GJ1994PTC021540 |
OPTIMA STAINLESS
PRIVATE LIMITED |
Director |
10/10/2007 |
10/10/2007 |
- |
Active |
NO |
|
5 |
U28990MH2007PTC173724 |
HELLIOS TUBEALLOYS
PRIVATE LIMITED |
Director |
05/04/2008 |
05/04/2008 |
- |
Active |
NO |
|
6 |
U27310MH2012PLC236519 |
SLS SEAMLESS
LIMITED |
Director |
05/10/2012 |
05/10/2012 |
- |
Active |
NO |
|
Name : |
Mr. Mahesh Shantilal Sanghvi |
|
Designation : |
Director |
|
Address : |
B-805, Vasant Vihar, Dafnala Road, Shahbaug, Ahmedabad-380004,
Gujarat, India |
|
Date of Birth/Age : |
23.10.1981 |
|
Date of Appointment : |
10.10.2007 |
|
DIN No.: |
01507210 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U72200GJ2000PTC037382 |
SLS INDUSTRIES PRIVATE
LIMITED |
Director |
18/02/2000 |
18/02/2000 |
Active |
NO |
|
2 |
U27109MH1994PTC163692 |
SLS STAINLESS
PRIVATE LIMITED |
Director |
29/09/2007 |
01/04/2007 |
Active |
NO |
|
3 |
U28990MH2007PTC173724 |
HELLIOS
TUBEALLOYS PRIVATE LIMITED |
Director |
01/09/2007 |
01/09/2007 |
Active |
NO |
|
4 |
U27200GJ1994PTC021540 |
OPTIMA STAINLESS
PRIVATE LIMITED |
Director |
10/10/2007 |
10/10/2007 |
Active |
NO |
|
5 |
U27310MH2012PLC236519 |
SLS SEAMLESS
LIMITED |
Director |
05/10/2012 |
05/10/2012 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
190,000 |
38.00 |
|
|
50,000 |
10.00 |
|
Mahesh S Sanghvi |
120,000 |
24.00 |
|
Seema M Sanghvi |
40,000 |
8.00 |
|
Pradeep S Sanghvi |
55,000 |
11.00 |
|
Navin S Sanghvi |
40,000 |
8.00 |
|
Rekha P Sanghvi |
5,000 |
1.00 |
|
Total |
500,000 |
100.00 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Stainless Tubes and Pipes |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
RRS & Associates Chartered Accountant |
|
Address : |
Ahmedabad, Gujarat, India |
|
PAN No.: |
AAFFR0472A |
|
|
|
|
Subsidiaries : |
·
SLS Stainless (India) Private Limited ·
SLS Tubes Private Limited CIN No.:- U28990MH2007PTC173724 |
|
|
|
|
Associates : |
·
SLS India Private Limited ·
SLS Industries Private Limited CIN No.:-
U72200GJ2000PTC037382 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs. 50.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
50.000 |
50.000 |
|
(b) Reserves & Surplus |
|
135.201 |
132.982 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
185.201 |
182.982 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
35.860 |
41.094 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.300 |
0.300 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
36.160 |
41.394 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
12.252 |
0.000 |
|
(c) Other current
liabilities |
|
0.000 |
0.000 |
|
(d) Short-term provisions |
|
1.907 |
1.641 |
|
Total Current Liabilities (4) |
|
14.159 |
1.641 |
|
|
|
|
|
|
TOTAL |
|
235.520 |
226.017 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.000 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
142.388 |
142.388 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.020 |
0.000 |
|
Total Non-Current Assets |
|
142.408 |
142.388 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
2.409 |
0.000 |
|
(c) Trade receivables |
|
10.143 |
0.000 |
|
(d) Cash and cash
equivalents |
|
0.286 |
2.204 |
|
(e) Short-term loans and
advances |
|
80.274 |
81.425 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
93.112 |
83.629 |
|
|
|
|
|
|
TOTAL |
|
235.520 |
226.017 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
50.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
130.956 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
180.956 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
11.010 |
|
|
TOTAL BORROWING |
|
|
11.010 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
191.966 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
103.388 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
1.794 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
87.872 |
|
Total
Current Assets |
|
|
89.666 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
1.088 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
1.088 |
|
|
Net Current Assets |
|
|
88.578 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
191.966 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
15.731 |
4.821 |
56.186 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
12.373 |
1.707 |
54.647 |
|
|
|
Purchase of Stock In Trade |
|
|
|
|
|
|
Other Expenses |
|
|
|
|
|
|
TOTAL |
12.373 |
1.707 |
54.647 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
3.358 |
3.114 |
1.539 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.139 |
1.088 |
0.480 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
2.219 |
2.026 |
1.059 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
4.44 |
4.05 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
14.11
|
42.02 |
1.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.61
|
3.72 |
1.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.02 |
0.85 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.19
|
0.22 |
0.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.58
|
50.96 |
82.41 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
50.000 |
50.000 |
|
Reserves & Surplus |
132.982 |
135.201 |
|
Net
worth |
182.982 |
185.201 |
|
|
|
|
|
long-term borrowings |
35.860 |
41.094 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
35.860 |
41.094 |
|
Debt/Equity
ratio |
0.196 |
0.222 |
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
56.186 |
4.821 |
15.731 |
|
|
|
-91.420 |
226.302 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
56.186 |
4.821 |
15.731 |
|
Profit |
1.059 |
2.026 |
2.219 |
|
|
1.88% |
42.02% |
14.11% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
No |
|
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 |
No |
|
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 |
FACILITIES
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Loans and Advances from Directors |
2.316 |
2.234 |
|
Loans and Advances from Others |
33.545 |
38.860 |
|
|
|
|
|
TOTAL |
35.861 |
41.094 |
VIEW INDEX OF
CHARGES - No Charges Exist for Company
OPERATIONS
During the year,
the performance of the company is satisfactory. The net profit of the company after
taxation has increased to Rs. 2.219 Millions as compared to Rs. 2.026 Millions
in the previous year. While the turnover of the Company has increased by Rs.
15.731 Millions as compared to Rs. 4.821 Millions in the previous year. The
Directors are striving hard by making more sincere efforts for better growth
and prospects of the Company in future and to yield better returns for the
members of the company.
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. 61.32 |
|
|
1 |
Rs. 102.54 |
|
Euro |
1 |
Rs. 84.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.