MIRA INFORM REPORT
|
Report Date : |
22.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
HTL AIRCON PRIVATE
LIMITED |
|
|
|
|
Registered
Office : |
Unit No.38, Nand
Ghanshyam Industrial Estate, Next to Sun Pharma Paper Box, Off Mahakali Caves
Road, Andheri (East), Mumbai – 400 093, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
31.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-173671 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.500 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29306MH2007PTC173671 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMH11736E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH9057L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Air Conditioners. |
|
|
|
|
No. of Employees
: |
280 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 98000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
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 dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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. Samir |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-42174747 |
|
Date : |
19.03.2014 |
LOCATIONS
|
Registered Office : |
Unit No.38, Nand Ghanshyam
Industrial Estate, Next to Sun Pharma Paper Box, Off Mahakali Caves Road,
Andheri (East), Mumbai – 400 093, Maharashtra, India |
|
Tel. No.: |
91-22-42174700
(30 Lines)/ 42174747 |
|
Fax No.: |
91-22-42174748/ 49 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office 1 : |
28, Kukreja Plaza, Sector 11, CBD-Belapur, Navi Mumbai –
400 614, Maharashtra, India |
|
Tel. No.: |
91-22-41020333 (Board) |
|
Fax No.: |
91-22-42170300 |
|
|
|
|
Branch Office 2 : |
204, Yashshree Building, B.T. Kawade Road, Nigadenagar,
Near SICILIAA, Ghorpadi, Pune – 411 001, Maharashtra, India |
|
Tel. No.: |
91-20-26720230/ 31 |
|
Fax No.: |
91-20-26720231 |
|
|
|
|
Branch Office 3 : |
20-B, Basement Apollo Industrial Estate, Off Mahakali Caves Road, Near Nelco Bus Stop, Andheri (East), Mumbai – 400 093, Maharashtra, India |
|
Tel. No.: |
91-22-40799499 |
|
E-Mail : |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Mr. Ashok Vaman Nayak |
|
Designation : |
Director |
|
Address : |
Ganga
602 A, Vasant Sagar Complex, Opposite Thakur Cinema, 120 Feet Road, Thakur
Village, Kandivali (East), Mumbai – 400 101, Maharashtra, India |
|
Date of Birth/Age : |
20.03.1973 |
|
Date of Appointment : |
31.08.2007 |
|
DIN No.: |
01691238 |
|
|
|
|
Name : |
Mr. Lavindersingh Didarsingh Duggal |
|
Designation : |
Director |
|
Address : |
C-504,
Marygold CHS, Gundeha Valley of Flowers, Thakur Village, Kandivali (East),
Mumbai – 400 101, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1971 |
|
Date of Appointment : |
31.08.2007 |
|
DIN No.: |
01733700 |
|
|
|
|
Name : |
Mr. Satyaprakash Kukreti |
|
Designation : |
Director |
|
Address : |
A-001,
Rail Vihar CHSL, Sector 4, Kharghar, Navi Mumbai – 410 210, Maharashtra,
India |
|
Date of Birth/Age : |
15.07.1963 |
|
Date of Appointment : |
01.10.2007 |
|
DIN No.: |
01777896 |
|
|
|
|
Name : |
Mrs. Tarunjit Kaur Duggal |
|
Designation : |
Director |
|
Address : |
C-504,
Marygold CHS, Gundeha Valley of Flowers, Thakur Village, Kandivali (East),
Mumbai – 400 101, Maharashtra, India |
|
Date of Birth/Age : |
12.05.1973 |
|
Date of Appointment : |
15.06.2010 |
|
DIN No.: |
01970263 |
KEY EXECUTIVES
|
Name : |
Mr. Samir |
|
Designation : |
Accounts Executive |
|
|
|
|
Name : |
Mr. Santosh Kilor |
|
Designation : |
Branch Manager
(Pune) |
|
|
|
|
Name : |
Mr. Vishal Jadhav |
|
Designation : |
Branch Manager
(Navi Mumbai) |
|
|
|
|
Name : |
Mr. Harsh Deep
Singh |
|
Designation : |
VRV Head
(Andheri) |
|
|
|
|
Name : |
Mr. Harpreet
Uppal |
|
Designation : |
Non VRV Head
(Navi Mumbai) |
|
|
|
|
Name : |
Mr. Sharad
Malusare |
|
Designation : |
Planning Engineer |
|
|
|
|
Name : |
Mr. Jayesh Khot |
|
Designation : |
Planning and
Design Engineer |
|
|
|
|
Name : |
Mr. Garjeet Singh |
|
Designation : |
Project Engineer |
|
|
|
|
Name : |
Mr. Manish Dubey |
|
Designation : |
Service Incharge
(Mumbai) |
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|
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|
Name : |
Mr. Satish Rao |
|
Designation : |
Service Incharge
(Navi Mumbai) |
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|
Name : |
Mr. Ilyas Shaikh |
|
Designation : |
Planning and
Training Manager |
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|
|
|
Name : |
Mr. Venkatesh |
|
Designation : |
Quality Surveyor |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Lavindersingh Didarsingh Duggal |
38500 |
77.00 |
|
Tarunjit Kaur Duggal |
10000 |
20.00 |
|
Ashok Vaman Nayak |
1000 |
2.00 |
|
Satyaprakash Kukreti |
500 |
1.00 |
|
Total
|
50000 |
100.00 |
AS ON 28.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Air Conditioners. |
|
|
|
|
Imports : |
|
|
Products : |
Air Conditioner |
|
Countries : |
China |
|
|
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Terms : |
|
|
Selling : |
L/C and Credit |
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|
|
|
Purchasing : |
L/C and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
280 (Approximately) |
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Bankers : |
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Facilities : |
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mantri and Aggarwal Chartered Accountants |
|
Address : |
501, Sheetal Enclave, Mindspace, Near Tangent Showroom, Off. New Link
Road, Malad (West) Mumbai – 400 064, Maharashtra, India |
|
Tel. No.: |
91-22-40106064/ 40166090 |
|
E-Mail : |
|
|
PAN No.: |
AEBPM1485L |
|
|
|
|
Associates/Subsidiaries (Confirmed by the management) : |
Delta Aircon Private Limited |
CAPITAL STRUCTURE
AS ON 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
23.877 |
16.616 |
11.483 |
|
(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) |
24.377 |
17.116 |
11.983 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
38.926 |
37.500 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.035 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
38.961 |
37.500 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.022 |
0.000 |
|
(b)
Trade payables |
20.367 |
50.488 |
44.556 |
|
(c)
Other current liabilities |
43.099 |
49.135 |
33.683 |
|
(d)
Short-term provisions |
4.759 |
1.053 |
4.262 |
|
Total
Current Liabilities (4) |
68.225 |
100.698 |
82.501 |
|
|
|
|
|
|
TOTAL |
131.563 |
155.314 |
94.484 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
57.234 |
52.880 |
0.844 |
|
(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 |
4.370 |
0.570 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
61.604 |
53.450 |
0.844 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
7.138 |
15.246 |
16.057 |
|
(c)
Trade receivables |
36.209 |
28.704 |
46.962 |
|
(d)
Cash and cash equivalents |
7.673 |
10.806 |
18.625 |
|
(e)
Short-term loans and advances |
11.906 |
39.100 |
11.967 |
|
(f)
Other current assets |
7.033 |
8.008 |
0.029 |
|
Total
Current Assets |
69.959 |
101.864 |
93.640 |
|
|
|
|
|
|
TOTAL |
131.563 |
155.314 |
94.484 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue
from operation |
273.091 |
302.008 |
263.570 |
|
|
|
Other Income |
0.745 |
0.326 |
2.397 |
|
|
|
TOTAL (A) |
273.836 |
302.334 |
265.967 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase
of stock in trade |
217.810 |
250.609 |
222.262 |
|
|
|
Changes
in inventories of finished goods, stock-in-process and stock-in -trade |
8.108 |
0.811 |
(2.871) |
|
|
|
Employee
benefit expense |
15.649 |
18.607 |
5.412 |
|
|
|
Other
expenses |
17.536 |
22.266 |
33.555 |
|
|
|
TOTAL (B) |
259.103 |
292.293 |
258.358 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.733 |
10.041 |
7.609 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.455 |
0.637 |
0.158 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.278 |
9.404 |
7.451 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.459 |
0.324 |
0.238 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
9.819 |
9.080 |
7.213 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.057 |
3.365 |
2.205 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
6.762 |
5.715 |
5.008 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
135.24 |
114.30 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.47
|
1.89 |
1.88 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.60
|
3.01 |
2.74 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.46
|
5.85 |
7.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.53 |
0.60 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.60
|
2.19 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
1.01 |
1.14 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
11.483 |
16.616 |
23.877 |
|
Net worth |
11.983 |
17.116 |
24.377 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
37.500 |
38.926 |
|
Short term borrowings |
0.000 |
0.022 |
0.000 |
|
Total borrowings |
0.000 |
37.522 |
38.926 |
|
Debt/Equity ratio |
0.000 |
2.192 |
1.597 |
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) |
|
Revenue from operation |
263.570 |
302.008 |
273.091 |
|
|
|
14.584 |
-9.575 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Revenue from operation |
263.570 |
302.008 |
273.091 |
|
Profit |
5.008 |
5.715 |
6.762 |
|
|
1.90% |
1.89% |
2.48% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
No |
|
15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
|
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 |
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 |
BUSINESS AND FUTURE OUTLOOK:
The Directors had continued
putting their great efforts in planning and restructuring the operations of the
company and as company has shifted his service division to a newly formed
domestic company newly incorporated under companies act, 1956 with same
shareholders having same equity stalks therefore the revenue of the company is
reduced in subject and same is booked under new company and also the company is
able to increase its profit margins and has generated the profits in the all
the financial year. The board is hopeful that the performance of the company
will still improve in the coming years.
The Company foresees a good
business ahead and is confident of achieving better performance in future.
FIXED ASSETS:
·
Residential
Flat
·
Office
Equipment
·
Computers
·
Furniture
and Fixture
·
Motor
Car
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.84.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.