MIRA INFORM REPORT
|
Report Date : |
22.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
A K SYSTEM ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Basement, C-188, C- Block, Jawahar Park, Devli Road, Khanpur, New
Delhi – 110062, Delhi |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.01.1985 |
|
|
|
|
Com. Reg. No.: |
55-019955 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1985PTC019955 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Water, Tea and Coffee Vending
Machines and related services. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 35000 |
|
|
|
|
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 company having moderate track record. The company has taken
huge external borrowing, which acts as threatening to the liquidity position
of the company. Profitability of the company seems 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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. Sanjay Chopra |
|
Designation : |
Head in sales and business development |
|
Contact No.: |
91-9999991912 |
|
Date : |
04.03.2014 |
LOCATIONS
|
Registered Office : |
Basement, C-188, C- Block, Jawahar Park, Devli Road, Khanpur, New
Delhi – 110062, Delhi, India |
|
Tel. No.: |
91-120-3221819/3221820/3914910-16 |
|
Mobile No.: |
91-9999991912 (Mr. Sanjay Chopra) 91-9811078486 (Mr. Sahul Khurana) |
|
Fax No.: |
91-120-2423661 |
|
E-Mail : |
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|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
B-32,
Sector-5, Noida-201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-3221819/
3221820/ 3914910-16 |
|
Fax No.: |
91-120-2423661 |
|
Area : |
10000 sq ft |
|
Location : |
Owned |
DIRECTORS
As on: 28.09.2013
|
Name : |
Mr. ( |
|
Designation : |
Director |
|
Address : |
325, Sector – 15A, Gautam Budh Nagar, Noida – 201 301, |
|
Date of Birth/Age : |
08.11.1934 |
|
Date of Appointment : |
29.01.1985 |
|
DIN No.: |
01040497 |
|
|
|
|
Name : |
Mrs. Shobha Khurana |
|
Designation : |
Director |
|
Address : |
325, Sector – 15A, Gautam Budh Nagar, Noida – 201 301, |
|
Date of Birth/Age : |
01.08.1941 |
|
Date of Appointment : |
29.01.1985 |
|
DIN No.: |
01972488 |
|
|
|
|
Name : |
Mr. Sahul Khurana |
|
Designation : |
Whole Time Director |
|
Address : |
325, Sector – 15A, Gautam Budh Nagar, Noida – 201 301, |
|
Date of Birth/Age : |
05.02.1965 |
|
Date of Appointment : |
16.07.1992 |
|
DIN No.: |
01040417 |
|
|
|
|
Name : |
Mr. Rahul Khurana |
|
Designation : |
Director |
|
Address : |
325, Sector – 15A, Gautam Budh Nagar, Noida – 201 301, |
|
Date of Birth/Age : |
22.07.1963 |
|
Date of Appointment : |
16.07.1992 |
|
DIN No.: |
01236604 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 28.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
203600 |
67.87 |
|
|
20800 |
6.93 |
|
Sahul Khurana |
72000 |
24.00 |
|
Rahul Khurana |
3600 |
1.20 |
|
Total |
300,000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 28.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Water, Tea and Coffee Vending
Machines and related services. |
|
|
|
|
Products : |
Water Dispensers ·
Frosty ·
Fire and Ice ·
Mega ·
Classic
·
Basic ·
Icy Hot Beverage
Dispensers ·
Cafe Mini
·
Cafe Plus
·
Vendor |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
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No. of Employees : |
70 (Approximately) |
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Bankers : |
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Facilities : |
Cash credit – Rs. 25.000 Millions (From
HDFC Bank Limited) (Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sunil Vijay and Associates Chartered Accountants |
|
Address : |
R-700, New Rajinder Nagar, |
|
Tel. No.: |
91-11-28743579 |
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Fax No.: |
91-11-28743577 |
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E-Mail : |
|
|
PAN No.: |
AAIFS6442A |
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Subsidiaries : |
|
CAPITAL STRUCTURE
As on: 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000
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 |
3.000 |
3.000 |
3.000 |
|
(b) Reserves & Surplus |
5.593 |
4.341 |
3.899 |
|
(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) |
8.593 |
7.341 |
6.899 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
7.718 |
8.782 |
14.150 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.125 |
0.907 |
0.000 |
|
Total
Non-current Liabilities (3) |
8.843 |
9.689 |
14.150 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
25.138 |
25.906 |
21.186 |
|
(b) Trade payables |
9.328 |
4.880 |
3.577 |
|
(c) Other current liabilities |
3.246 |
3.541 |
2.814 |
|
(d) Short-term provisions |
0.656 |
0.559 |
0.452 |
|
Total
Current Liabilities (4) |
38.368 |
34.886 |
28.029 |
|
|
|
|
|
|
TOTAL |
55.804 |
51.916 |
49.078 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.669 |
10.273 |
11.115 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.805 |
2.797 |
2.691 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
12.474 |
13.070 |
13.806 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
16.872 |
24.056 |
16.648 |
|
(c) Trade receivables |
21.255 |
12.501 |
14.725 |
|
(d) Cash and cash equivalents |
0.246 |
0.095 |
0.054 |
|
(e) Short-term loans and
advances |
4.297 |
2.137 |
3.788 |
|
(f) Other current assets |
0.660 |
0.057 |
0.057 |
|
Total
Current Assets |
43.330 |
38.846 |
35.272 |
|
|
|
|
|
|
TOTAL |
55.804 |
51.916 |
49.078 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
172.159 |
142.342 |
90.922 |
|
|
|
Other Income |
|
0.480 |
0.480 |
|
|
|
TOTAL (A) |
172.159 |
142.822 |
91.402 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
|
112.529 |
70.527 |
|
|
|
Employee benefit expenses |
|
8.182 |
4.991 |
|
|
|
Other Expenses |
|
24.165 |
12.788 |
|
|
|
Changes in inventories of finished goods work-in-progress and
stock-in-trade |
|
(7.408) |
-2.576 |
|
|
|
TOTAL (B) |
168.281 (Include
financial Expenses) |
137.468 |
85.730 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
5.354 |
5.672 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
3.318 |
2.968 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.893 |
2.036 |
2.704 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.985 |
1.036 |
1.127 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.908 |
1.000 |
1.577 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.656 |
0.558 |
0.452 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.252 |
0.442 |
1.125 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
Nil |
0.071 |
NA |
|
|
TOTAL EARNINGS |
Nil |
0.071 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.50 |
1.47 |
3.75 |
|
Expected Sales (2013-14) : Rs.200.000 Millions
The above information has been parted by Mr. Sanjay Chopra
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.73 |
0.31 |
1.23
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
0.70 |
1.73
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.42 |
1.92 |
3.21
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.13 |
0.22
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.82 |
4.72 |
5.12
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.11 |
1.26
|
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 |
3.000 |
3.000 |
3.000 |
|
Reserves & Surplus |
3.899 |
4.341 |
5.593 |
|
Net
worth |
6.899 |
7.341 |
8.593 |
|
|
|
|
|
|
long-term borrowings |
14.150 |
8.782 |
7.718 |
|
Short term borrowings |
21.186 |
25.906 |
25.138 |
|
Total
borrowings |
35.336 |
34.688 |
32.856 |
|
Debt/Equity
ratio |
5.122 |
4.725 |
3.824 |
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 |
91.402 |
142.822 |
172.159 |
|
|
|
56.257 |
20.541 |
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 |
91.402 |
142.822 |
172.159 |
|
Profit After Tax |
1.125 |
0.442 |
1.252 |
|
|
1.23% |
0.31% |
0.73% |
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 three 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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowing |
|
|
|
From Directors Friends and Relatives |
5.500 |
5.500 |
|
From Col K S Khurana |
0.000 |
0.144 |
|
From Sahul Khurana |
2.218 |
2.420 |
|
|
|
|
|
Total |
7.718 |
8.064 |
NOTE :
- The registered office of the
company
has shifted from 322, NEB Sarai, New Delhi – 110 068, Delhi, India, to the
present address w.e.f. 12.09.2013.
Bankers Charges
Report as per Registry
|
Corporate identity
number (CIN) or foreign company registration number of the company |
U74899DL1985PTC019955 |
|
Name of the
company |
A K SYSTEM
ENGINEERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in India of the company |
322, NEB Sarai, New Delhi – 110 068, India Email-id:- sahulk@gmail.com |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10096104 |
|
Type of charge |
Immovable
property |
|
Particular of charge
holder |
HDFC Bank
Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai –
400013, Maharashtra, India Email-id:- RBBform8@hdfcbank.com |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
28.09.2013 |
|
Amount secured by
the charge |
Rs. 29.800
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment Working Capital
facility shall be payable on demand. Term Loan facility
shall be repayable in suitable installments. Margin As may be
stipulated by the Bank from time to time. Extent and
Operation of the charge The Company
accorded and gave oral consent to Bank to continue to hold and retain the
title deeds (by way of Constructive delivery) in respect of its immovable
properties as security for repayment of Rs.29.800 millions by bank the
company, together with principal, interest, liquidated damages, costs,
charges and expenses. Others NIL |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Industrial Plot
No. 23, Block - B, Sector - 88, Phase - II, Noida, India |
|
Particulars of
the present modification |
The charge shall now
stand reduced from Rs.28.800 million to Rs.29.800 million, in favour the Bank
against the equitable mortgage of immovable properties being lying and
situated at Noida. |
FIXED ASSETS:
- Land
- Building
- Furniture and Fixture
- Computer
- Machinery
- Fans
- Vehicles
- Typewriter
- Cycle
- Generator
- Office Equipments
- Refrigeration
- Pager
- Air Conditioner
- Water Cooler
- Mobile Phone
- Tempo
- Water Purifier
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 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. 61.05 |
|
|
1 |
Rs.100.81 |
|
Euro |
1 |
Rs.84.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
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 |
|
30 |
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.