MIRA INFORM REPORT

 

 

Report Date :

08.05.2014

 

IDENTIFICATION DETAILS

 

Name :

COLO COLOR PRIVATE LIMITED

 

 

Registered Office :

Dadar Dept Stores, 1st Floor, M. C. Jawale Marg, Opposite Kabutar Khana, Dadar (West), Mumbai – 400028, Maharashtra

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

11.09.1989

 

 

Com. Reg. No.:

11-053388

 

 

Capital Investment / Paid-up Capital :

Rs.9.504 Millions

 

 

CIN No.:

[Company Identification No.]

U74940MH1989PTC053388

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMC05665C

 

 

PAN No.:

[Permanent Account No.]

AABCC3349L

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of Digital Camera, Handycam, Snap Lab and UPDR printer/DVD recorder and Memory Stick.

 

 

No. of Employees :

Information declined by the management

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (33)

 

RATING

STATUS

 

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 96000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having a moderate track record.

 

There appear huge external borrowings recorded by the company which acts as threat to the company’s liquidity.

 

However, trade relations are reported as 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.

 

 

INDIAN ECONOMIC OVERVIEW

 

US investment bank Goldman Sachs  has upgraded its outlook on Indian markets as it expects positive impact of the election cycle.

 

India’s economy may grow 4.7 % in the current financial year, lower than the official estimate of 4.9 %, Fitch Rating said. The global rating agency expects the economy to pick up in the next two financial years.

 

Global ratings agency Standard & Poor said increasing focus by India Inc on lowering debt is likely to improve their credit profiles.

 

Singapore (1.1 million Indian tourists in 2012), Thailand (one million), the United Arab Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred holidays hotspots for Indians. The total figure is expected to increase to 1.93 million by 2017, according to the latest Eurmonitor international report.

 

There is a $29.34 bn outward foreign direct investment by domestic companies between April and January of 2013/14 which has seen some signs of recovery according to a Care Ratings report.

 

There are 264 number of new companies being set up every day on average during 2014. Most of them are registered in Mumbai. India had 1.38 million registered companies at the end of January, 2014.

 

Twitter like messaging service Weibo Corporation has filed to raise $ 500 million via a US initial public offering. Alibaba, which owns a stake in Weibo is expected to raise about $ 15 billion New York this year in the highest profile Internet IPO since Facebook’s in 2012.

 

Bharti Airtel has raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at a coupon rate of three per cent and maturing in 2020. This is the largest ever bond offering by an Indian company in Swiss Francs. Bharat Petroleum Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98 % coupon rate in February.

 

Indian Oil Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex at its almost complete Paradip refinery in Odhisha in three to four years. The company board is set to consider the setting up of a 700000 tonne per annum polypropylene plant at an estimated cost at Rs.3150 crore.

 

Global chief information officers at gathering in Bangalore in April to meet Indian startups at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in the making.

 

 

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 DECLINED BY

 

Management non co-operative [91-22-61569187]

 

 

LOCATIONS

 

Registered Office :

Dadar Dept Stores, 1st Floor, M. C. Jawale Marg, Opposite Kabutar Khana, Dadar (West), Mumbai – 400028, Maharashtra, India 

Tel. No.:

91-22-61569187

Fax No.:

91-22-24227873

E-Mail :

navin_ca85@rediffmail.com

 

 

Showroom :

Located At:

 

  • Borivali
  • Dadar
  • Lower Parel
  • Ghatkopar

 

 

Branch Office :

Located At:

 

  • Borivali
  • Bhandup
  • Bhayendar
  • Chembur
  • Churchgate
  • C S T
  • Dadar
  • Dombivli
  • Fort
  • Ghatkopar
  • Girgaon
  • Khargar
  • Mulund
  • Matunga
  • Mahim
  • Mira Road
  • Sakinaka
  • Thane
  • Valsad
  • Vashi

 

 

DIRECTORS

 

AS ON 30.09.2013

 

Name :

Mr. Pinkal Pravin Rambhia

Designation :

Director

Address :

37, Geeta Building, 3rd Floor, R.B. Rawat Marg, Shivaji Park, Dadar (West), Mumbai – 400028, Maharashtra, India

Date of Birth/Age :

09.05.1979

Date of Appointment :

13.06.2007

DIN No.:

01149976

 

 

Name :

Mr. Deepak Devji Patel

Designation :

Director

Address :

C-26, Bell Haven Society, Flat No. 2, LIC Colony, Borivali (West), Mumbai – 400101, Maharashtra, India

Date of Birth/Age :

25.06.1960

Date of Appointment :

30.09.1995

DIN No.:

01143762

 

 

Name :

Mr. Pravin Damji Rambhia

Designation :

Director

Address :

37, Geeta Building, 3rd Floor, R.B. Rawat Marg, Shivaji Park, Dadar (West), Mumbai – 400028, Maharashtra, India

Date of Birth/Age :

23.08.1952

Date of Appointment :

15.12.2009

DIN No.:

01149996

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2013

 

Names of Shareholders

 

 

No. of Shares

Rambhia Damji Pravin

 

3498

Rambhia Pravin Ranjan

 

48170

Rambhia Dilip Lata

 

40

Patel Devji Narendra

 

400

Patel Narendra Anuradha

 

13200

Patel Devji Deepakkumar

 

2382

Patel Devji Damyanti

 

30700

Rambhia Pravin Pinkal

 

270

Rambhia Pravin Hiral

 

950

Pravin Damji Rambhia HUF

 

10

Deepak Devji Patel HUF

 

100

Narendra Devji Patel HUF

 

100

Patel Deepak Fenil

 

100

Mota Chandresh Harsha

 

10

Shah Bhavesh Rajul

 

10

Chandresh Mohanlal Mota HUF

 

10

Shah Dhiraj

 

10

Patel Ramji Shakuntalaben

 

20

Shetty L Shweta

 

20

 

 

 

TOTAL

 

100000

 

AS ON 30.09.2013

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

86.18

Other top fifty shareholders

 

13.82

TOTAL

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Trader of Digital Camera, Handycam, Snap Lab and UPDR printer/DVD recorder and Memory Stick.

 

 

GENERAL INFORMATION

 

No. of Employees :

Information declined by the management

 

 

Bankers :

The Saraswat Co-op Bank Limited, Carnac Bunder Branch, 113-16,133-35, Vyapar Bhava, 1st Floor, P.D. Mello Road, Carnac Bunder, Mumbai - 400049, Maharashtra, India

 

 

Facilities :

Secured Loan

As on 31.03.2013

[Rs. in Millions]

As on 31.03.2012

[Rs. in Millions]

Long Term Borrowings

 

 

Saraswat Co-operative Bank Limited 750057

[Secured against stocks and sundry debtors]

72.994

67.841

Saraswat Co-operative Bank Limited 265

[Overdraft against property of Pinkal Rambhia (Director) Summer Trinity Flat No. 1302, 5th Floor, Prabhadevi, Mumbai]

16.866

17.383

Saraswat Co-operative Bank Limited 4015

[Secured against Machinery NORITSU QS52901 - Bhayander]

0.000

0.438

Saraswat Co-operative Bank Limited 4031

[Secured against hypothecation of Bhayander Property ]

0.000

0.334

Saraswat Co-operative Bank Limited 4201

[Secured against machinery at various shops]

8.091

12.137

Saraswat Co-operative Bank Limited 4255

[Secured against Audi Car-PDR]

2.123

2.762

Saraswat Co-operative Bank Limited 4265

[Secured against machinery NORITSU, 5 Machines, Computer, UPS CC TV Camera, Cromira Machine]

11.758

15.822

Saraswat Co-operative Bank Limited 4266

[Secured against Omni Delivery Motor Van]

0.285

0.369

Saraswat Co-operative Bank Limited 11137

[Secured against machinery CMKY India Company]

5.777

0.000

Saraswat Co-operative Bank Limited 11150

[Secured against Printer KMC and Machinery Qss 3202]

2.258

0.000

Saraswat Co-operative Bank Limited 11151

[Secured against motor car – Pajeroj]

2.363

0.000

TOTAL

122.515

117.086

 

 

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Navin and Associates

Chartered Accountants

Address :

23-B, Haji Habib Building, 1st Floor, Above Kohinoor Electronics, Dadar (East), Mumbai – 400014, Maharashtra, India

E-Mail :

navin_ca85@rediffmail.com

PAN No:

AAJFN0726B

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

100000

Equity Shares

Rs.100/- each

Rs.10.000 Millions

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

100000

Equity Shares

Rs.100/- each

Rs.10.000 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

10.000

9.504

9.504

(b) Reserves & Surplus

14.001

8.475

1.961

(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)

24.001

17.979

11.465

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

514.895

322.708

207.406

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

13.000

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

527.895

322.708

207.406

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

9.772

(3.271)

15.170

(c) Other current liabilities

0.000

0.000

0.000

(d) Short-term provisions

2.759

2.387

2.769

Total Current Liabilities (4)

12.531

(0.884)

17.939

 

 

 

 

TOTAL

564.427

339.803

236.810

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

83.335

81.163

123.602

(ii) Intangible Assets

4.151

3.084

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

0.050

0.050

0.141

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

0.000

0.000

0.000

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

87.536

84.297

123.743

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

429.101

209.434

72.312

(c) Trade receivables

28.920

26.280

32.431

(d) Cash and cash equivalents

6.840

12.338

2.690

(e) Short-term loans and advances

3.053

1.608

1.165

(f) Other current assets

8.977

5.846

4.469

Total Current Assets

476.891

255.506

113.067

 

 

 

 

TOTAL

564.427

339.803

236.810

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2013

31.03.2012

31.03.2011

 

 

 

 

 

 

GROSS RECEIPTS

805.720

553.864

348.503

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

24.023

21.755

14.367

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION        

15.155

14.307

10.021

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX

8.868

7.448

4.346

 

 

 

 

 

Less

TAX                                                     

1.911

0.000

0.000

 

 

 

 

 

 

PROFIT / (LOSS) AFTER TAX

6.957

7.448

4.346

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 

 

 

 

-       Basic

69.58

78.37

--

 

-       Diluted

71.66

78.37

--

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

Return on Total Assets

(PBT/Total Assets}

(%)
1.57

2.19

1.84

 

 
 

 

 

Return on Investment (ROI)

(PBT/Networth)

 
0.37

0.41

0.38

 

 
 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 
21.45

17.95

18.09

 

 
 

 

 

Current Ratio

(Current Asset/Current Liability)

 
38.05

(289.03)

6.30

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Millions]

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Share Capital

9.504

9.504

10.000

Reserves & Surplus

1.961

8.475

14.001

Net worth

11.465

17.979

24.001

 

 

 

 

long-term borrowings

207.406

322.708

514.895

Short term borrowings

0.000

0.000

0.000

Total borrowings

207.406

322.708

514.895

Debt/Equity ratio

18.090

17.949

21.453

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Gross Receipts

348.503

553.864

805.720

 

 

58.927

45.473

 

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Gross Receipts

348.503

553.864

805.720

Profit

4.346

7.448

6.957

 

1.25%

1.34%

0.86%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


LOCAL AGENCY FURTHER INFORMATION

 

DETAILS OF CURRENT MATURITIES OF LONG TERM DEBT: NOT AVAILABLE

 

 

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

No

10]

Designation of contact person

No

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

No

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

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]

PAN of Proprietor/Partner/Director, if available

No

32]

Date of Birth of Proprietor/Partner/Director, if available

Yes

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

INDEX OF CHARGES:

 

S. NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10482004

04/03/2014

40,000,000.00

THE SARASWAT COOPERATIVE BANK LIMITED

CARNAC BUNDER BRANCH, 113-16,133-35, VYAPAR BHAVA, 
1ST FLOOR, P DMELLO ROAD, CARNAC BUNDER, MUMBAI - 400049, 
MAHARASHTRA, INDIA

B98278500

2

10396786

14/12/2012

2,436,000.00

THE SARASWAT CO-OP BANK LIMITED

CARNAC BUNDER BRANCH, 113-16,133-35, VYAPAR BHAVA, 
1ST FLOOR, P DMELLO ROAD, CARNAC BUNDER, MUMBAI - 400049, 
MAHARASHTRA, INDIA

B65810442

3

10380204

20/09/2012

6,029,000.00

THE SARASWAT CO-OP BANK LIMITED

CARNAC BUNDER BRANCH, 113-16,133-35, VYAPAR BHAVA, 
1ST FLOOR, P DMELLO ROAD, CARNAC BUNDER, MUMBAI - 400049, 
MAHARASHTRA, INDIA

B59549808

4

10264494

12/01/2011

20,000,000.00

THE SARASWAT CO-OP BANK LIMITED

CARNAC BUNDER BRANCH, 113-16,133-35, VYAPAR BHAVA, 
1ST FLOOR, P DMELLO ROAD, CARNAC BUNDER, MUMBAI - 400049, 
MAHARASHTRA, INDIA

B04525705

5

10210817

10/03/2010

15,000,000.00

THE SARASWAT CO-OP BANK LIMITED

CARNAC BUNDER BRANCH, 113-16,133-35, VYAPAR BHAVA, 
1ST FLOOR, P DMELLO ROAD, CARNAC BUNDER, MUMBAI - 400049, 
MAHARASHTRA, INDIA

A81976250

6

10210873

20/08/2010 *

20,000,000.00

THE SARASWAT CO-OP BANK LIMITED

CARNAC BUNDER BRANCH, 113-16,133-35, VYAPAR BHAVA, 
1ST FLOOR, P DMELLO ROAD, CARNAC BUNDER, MUMBAI - 400049, 
MAHARASHTRA, INDIA

A94102670

7

10210818

09/03/2010

3,675,000.00

THE SARASWAT CO-OP BANK LIMITED

CARNAC BUNDER BRANCH, 113-16,133-35, VYAPAR BHAVA, 
1ST FLOOR, P DMELLO ROAD, CARNAC BUNDER, MUMBAI - 400049, 
MAHARASHTRA, INDIA

A81975260

8

10210816

09/03/2010

12,400,000.00

THE SARASWAT CO-OP BANK LIMITED

CARNAC BUNDER BRANCH, 113-16,133-35, VYAPAR BHAVA, 
1ST FLOOR, P D MELLO ROAD, CARNAC BUNDER, MUMBAI - 400049, 
MAHARASHTRA, INDIA

A81975831

9

10141583

06/01/2009

200,000.00

THE SARASWAT CO-OP BANK LTD

RASEC DADAR BRANCH, RANADE ROAD, DADAR WEST, MUMBAI - 400028, MAHARASHTRA, INDIA

A56225592

10

10209666

11/08/2008

2,750,000.00

THE SARASWAT CO-OP BANK LIMITED

CARNAC BUNDER BRANCH, 113-16,133-35, VYAPAR BHAVA, 
1ST FLOOR, P DMELLO ROAD, CARNAC BUNDER, MUMBAI - 400049, 
MAHARASHTRA, INDIA

A64616469

 

* Date of charge modification

 

 

Unsecured Loan

As on 31.03.2013

[Rs. in Millions]

As on 31.03.2012

[Rs. in Millions]

Long Term Borrowings

 

 

Loans From Related Parties

391.955

205.622

Loans From Others

0.425

0.000

TOTAL

392.380

205.622

 

 

OPERATION AND FUTURE PLANS:

 

The Company’s Revenue has increased substantially as compared to last year. The directors are confident of better performance in the ensuring years. 

 

 

FIXED ASSETS:

 

  • Building
  • Air Conditioner
  • Camera
  • EPBAX System
  • Fax Machine
  • Fire Extinguisher
  • Machinery
  • Mobile Telephone
  • Pager Instrument
  • Studio Equipment
  • UPS System
  • Water Filter
  • Weight Scale
  • Office Equipment
  • Plant and Machinery
  • Cycle
  • Motor Car
  • Scooter
  • Computer
  • Computer Software
  • Leasehold Rights
  • Goodwill
  • Furniture and Fixture
  • Commercial Premises
  • Office Premises 

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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 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.60.04

UK Pound

1

Rs.101.97

Euro

1

Rs.83.58

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

SUM

 

 

Report Prepared by :

TPT

 

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

4

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

4

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

33

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.