MIRA INFORM REPORT
|
Report Date : |
15.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
MANEK INVESTMENT CAST PRIVATE LIMITED |
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Registered
Office : |
S. No. 252, In Street Opposite of Field Marshal High School, Rajkot
Gondal National Highway – 8B, Village Shapar, Rajkot – 360002, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
13.02.1995 |
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Com. Reg. No.: |
04-024600 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.997 Millions |
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CIN No.: [Company Identification
No.] |
U28320GJ1995PTC024600 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Suppliers and Exporters of General Engineering
Components, Compressors and Valve Parts, Automobile Components Casting. |
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No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 30000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established having moderate track record. The management has failed to file its financial with government
department for the year 2013. As per available financial of
2012, profitability of the company reported to be low. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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 (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in
September 2013 indicated that banks would need 800000 people in the next six
years. It estimated that state-run lenders alone would hire 50000 people in
2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office locations.
London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
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. Dilip Solanki |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-2827-252355 |
|
Date : |
27.02.2014 |
LOCATIONS
|
Registered Office/ Factory : |
S. No. 252 In Street Opposite of Field Marshal High School, Rajkot Gondal
National Highway – 8B, Village Shapar, Rajkot – 360002, Gujarat, India |
|
Tel. No.: |
91-2827-252355 |
|
Mobile No.: |
91-9227450601 / 9824225018 (Mr. Kantibhai V Ghedia) |
|
Fax No.: |
91-2827-253923 / 252117 |
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E-Mail : |
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Website : |
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Area : |
1000 sq. ft. |
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Location : |
Owned |
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Tel. No.: |
(408) 505-6465 |
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Fax No.: |
(408) 366-2536 |
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E-Mail : |
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|
Contact Person : |
Shashi Das (Marketing Director, |
DIRECTORS
As on: 28.09.2012
|
Name : |
Mr. Govindbhai Vashrambhai Ghedia |
|
Designation : |
Director |
|
Address : |
4, Swashraya Society, Mavdi Plot, Rajkot – 360002, Gujarat, India |
|
Date of Birth/Age : |
29.07.1961 |
|
Date of Appointment : |
13.02.1995 |
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DIN No.: |
01504594 |
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|
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Name : |
Mr. Kantilal Vashrambhai Ghedia |
|
Designation : |
Director |
|
Address : |
Deep Kiran, 4 – Swasray Society, Mavdi Plot, Opposite Dr. Bhagvanji
Patel, Rajkot – 360004, Gujarat, India
|
|
Date of Birth/Age : |
26.01.1964 |
|
Date of Appointment : |
13.02.1995 |
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DIN No.: |
01504611 |
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Name : |
Mr. Kaushik Ranchhodbhai Ghedia |
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Designation : |
Director |
|
Address : |
Shri Baba Randev Krupa, 4, Chitrakutdham Society, Akshar Marg, Rajot –
360002, Gujarat, India |
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Date of Birth/Age : |
26.09.1978 |
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Date of Appointment : |
15.11.2008 |
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DIN No.: |
02197033 |
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|
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Name : |
Mr. Ronak Govindbhai Ghedia |
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Designation : |
Director |
|
Address : |
DIP Kiran, 4, Swashray Society, Rajkot – 360004, Gujarat, India |
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Date of Birth/Age : |
01.07.1990 |
|
Date of Appointment : |
17.08.2012 |
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DIN No.: |
05356781 |
KEY EXECUTIVES
|
Name : |
Mr. Dilip Solanki |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Muljibhai Vasrambhai Ghedia |
|
62010 |
|
Govindbhai Vasrambhai Ghedia |
|
123510 |
|
Kantilal Vasrambhai Ghedia |
|
92010 |
|
Vasrambhai Punjabhai Ghedia |
|
50000 |
|
Bhavnaben Narendrabhai Doshi |
|
3900 |
|
Aanadubhai Panchanaji Jadeja |
|
3000 |
|
Hajabhai Bhimabhai Pankhania |
|
5000 |
|
Meenaben Muljibhai Ghedia |
|
1500 |
|
Meenaben Yogeshbhai Chitroda |
|
1900 |
|
Rekhaben Dayabhai Ghedia |
|
3500 |
|
Shamjibhai Vasrambhai Ghedia |
|
4000 |
|
Shardaben Shamjibhai Chavada |
|
1800 |
|
Urmilaben Rajubhai Visavadia |
|
1800 |
|
Veljibhai KalabhaiLathia |
|
1900 |
|
Yogesbhai Devjibhai Chitroda |
|
1900 |
|
Bhanubhai Jaljibhai Mistri |
|
1800 |
|
Geetaben Laljibhai Devalia |
|
1800 |
|
Dineshbhai Muvjibhai Jethwa |
|
1800 |
|
Sagunaben Givindbhai Ghedia |
|
110600 |
|
Nitaben Kantilal Ghedia |
|
26000 |
|
Total |
|
499730 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Suppliers and Exporters of General Engineering
Components, Compressors and Valve Parts, Automobile Components Casting. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, End Users and OEM’s
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No. of Employees : |
60 (Approximately) |
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Bankers : |
Tel No.: 91-2821-220085 |
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Facilities : |
Cash Credit:
Rs.25.000 Millions (From Dena Bank) (Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rajesh Sowda and Associates Chartered Accountants |
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Address : |
Rajkot, Gujarat, India |
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Name : |
R. Harsoda and Company Chartered Accountants |
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Address : |
206/207 Arthik Bhavan, Near Bombay Garage Petrolpupm, Gondal Road,
Rajkot – 360002, Gujarat, India |
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PAN.: |
ACIPH0536L |
CAPITAL STRUCTURE
AFTER 28.09.2012
Authorised Capital : Rs. 11.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 10.997
Millions
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
1100000 |
Equity Shares |
Rs.10/- each |
Rs. 11.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
499730 |
Equity Shares |
Rs.10/- each |
Rs. 4.997
Millions |
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|
|
Statement showing Reconciliation
of Share Capital
|
Particulars |
As At 31st March, 2012 |
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|
No. of Shares |
Amount |
|
a) Equity Share
Capita! |
|
|
|
At the Beginning of the year |
239730 |
2.397 |
|
Add : Shares issued during the year |
260000 |
2.600 |
|
At the End of the
year |
499730 |
4.997 |
Statement showing
shareholders holding more than 5 per cent shares in the company as at
31.03.2012
a) Equity Share
Capital
|
Name of Shareholder |
As At 31st March,
2012 |
|
|
|
No. of Shares |
% of Holding |
|
Muljibhai Vasrambhai Ghedia |
62,010 |
12.41% |
|
Vasrambhai Punjabhai Ghedia |
50,000 |
10.01% |
|
Govindbhai Vasrambhai Ghedia |
123,510 |
24.72% |
|
Kantilal Vasrambhai Ghdeia |
92,010 |
18.41% |
|
Sagunaben Govindbhai Ghedia |
110,600 |
22.13% |
|
Nitaben Kantilal Ghedia |
26,000 |
5.20% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
4.997 |
2.397 |
2.397 |
||
|
2] Share
Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves
& Surplus |
3.541 |
3.342 |
3.374 |
|
|
4] (Accumulated
Losses) |
0.000 |
0.000 |
(0.659) |
|
|
NETWORTH |
8.538 |
5.739 |
5.112 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
15.404 |
8.581 |
9.035 |
|
|
2] Unsecured Loans |
3.948 |
8.076 |
6.553 |
|
|
TOTAL BORROWING |
19.352 |
16.657 |
15.588 |
|
|
DEFERRED TAX LIABILITIES |
0.340 |
0.139 |
0.164 |
|
|
|
|
|
|
|
|
TOTAL |
28.230 |
22.535 |
20.864 |
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|
|
|
|
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|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.890 |
7.997 |
8.955 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.070 |
0.438 |
0.364 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.132
|
11.786
|
11.066
|
|
|
Sundry Debtors |
7.519
|
8.568
|
9.934
|
|
|
Cash & Bank Balances |
0.435
|
0.669
|
0.127
|
|
|
Other Current Assets |
1.042
|
0.590
|
0.000
|
|
|
Loans & Advances |
5.672
|
2.656
|
1.080
|
|
Total
Current Assets |
31.800
|
24.269
|
22.207
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
8.813
|
7.919
|
9.677
|
|
|
Other Current Liabilities |
1.559
|
1.137
|
0.287
|
|
|
Provisions |
1.158
|
1.113
|
0.698
|
|
Total
Current Liabilities |
11.530
|
10.169
|
10.662
|
|
|
Net Current Assets |
20.270
|
14.100
|
11.545
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
28.230 |
22.535 |
20.864 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
43.355 |
41.935 |
35.808 |
|
|
|
Other Income |
4.714 |
0.905 |
|
|
|
|
TOTAL (A) |
48.069 |
42.840 |
35.808 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
44.195 |
39.654 |
32.901 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
44.195 |
39.654 |
32.901 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.874 |
3.186 |
2.907 |
|
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|
|
|
|
|
|
|
Less |
INTEREST (D) |
2.152 |
1.739 |
1.477 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.722 |
1.447 |
1.430 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.150 |
1.187 |
1.340 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
BEFORE TAX (E-F) (G) |
0.572 |
0.260 |
0.090 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.373 |
0.112 |
0.109 |
|
|
|
|
|
|
|
|
|
|
PROFIT/LOSS
AFTER TAX (G-H)
(I) |
0.199 |
0.148 |
(0.019) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.018 |
134.039 |
0.403 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.39 |
0.62 |
(0.08) |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
90.000 |
Expected Sales (2013-2014) : Rs.120.000 Millions
The above information has been parted by Mr. Dilip Solanki (Accounts
Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.41
|
0.35 |
(0.05) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.32
|
0.62 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.44
|
0.81 |
0.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.05 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.27
|
2.90 |
3.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.76
|
2.38 |
2.08 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
2.397 |
2.397 |
4.997 |
|
Reserves & Surplus |
3.374 |
3.342 |
3.541 |
|
Net
worth |
5.771 |
5.739 |
8.538 |
|
|
|
|
|
|
Secured Loans |
9.035 |
8.581 |
15.404 |
|
Unsecured Loans |
6.553 |
8.076 |
3.948 |
|
Total
borrowings |
15.588 |
16.657 |
19.352 |
|
Debt/Equity
ratio |
2.701 |
2.902 |
2.267 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
35.808 |
41.935 |
43.355 |
|
|
|
17.111 |
3.386 |
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 |
35.808 |
41.935 |
43.355 |
|
Profit |
(0.019) |
0.148 |
0.199 |
|
|
(0.05%) |
0.35% |
0.46% |
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 four years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
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 |
REVIEW OF OPERATION:
The Board of Directors would like to inform the members that during the year, the company has achieved sales turnover of Rs. 43.355 Millions as compared to overall sales of Rs. 41.935 Millions of previous year, resulting in fair increase in sales turnover. Likewise, profit before depreciation, interest and provision for taxation was Rs.3.874 Millions as compared to Rs. 3.186 Millions of previous year. Net profit after taxation was Rs.0.199 Million. The directors expect further increase in sales and profitability of the company in the year to come.
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Loans From Directors and Shareholders' Relatives |
3.948 |
8.076 |
|
Total |
3.948 |
8.076 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10385375 |
06/10/2012 * |
33,900,000.00 |
DENA BANK |
JAGNATH PLOT BRANCH,
DR. YAGNIK ROAD, RAJKOT, GUJARAT - 360001, INDIA |
B61706792 |
* Date of charge modification
FIXED ASSETS
·
Factory Shed
·
Factory Land
·
Plant and Machinery
·
Office Equipments
·
Furniture
·
Computer and Printer
·
Vehicles
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 records 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 records 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. 61.52 |
|
|
1 |
Rs. 102.22 |
|
Euro |
1 |
Rs. 85.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.