MIRA
INFORM REPORT
|
Report Date : |
13.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
TRANSFIX (INDIA) PRIVATE LIMITED [w.e.f. 09.02.2010] |
|
|
|
|
Formerly Known
As : |
CAHORS ELECTRICALS ( |
|
|
|
|
Registered
Office : |
E-90, Ranjangaon MIDC, Taluka Shirur, Pune-412208, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.10.2007 |
|
|
|
|
Com. Reg. No.: |
25-130901 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 280.064 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109PN2007PTC130901 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEC07431E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCC1941J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Electric Goods. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Even though the company was incorporated in the year 2007, it started
its commercial operation from December 2011. It is having a moderate track
record. Management of the company has failed to file its financial for the
year 2013 with the government department but the same could not be made
available. As per the available financial of 2012, there appears accumulated loss
recorded by the company. However, the networth of the company seems to be
good. No external borrowings are recorded by the company. Trade relation are fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
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 PARTED BY
|
Name : |
Mr. Uday Mane |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-2138-612000 |
|
Date : |
08.05.2014 |
LOCATIONS
|
Registered Office/ Factory : |
E-90, Ranjangaon MIDC, Taluka Shirur, Pune-412208, Maharashtra,
India |
|
Tel. No.: |
91-20-30261703 / 2138-612000 |
|
Fax No.: |
91-20-30261712 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 29.12.2012
|
Name : |
Mr. Michel Andre Pierre Hibon |
|
Designation : |
Director |
|
Address : |
696 Chemin N Du Pont De Champagne, Cahors-46000, France |
|
Date of Birth/Age : |
24.05.1950 |
|
Date of Appointment : |
15.10.2009 |
|
DIN No.: |
01403834 |
|
|
|
|
Name : |
Philippe Alain Gerard Claude Rostain |
|
Designation : |
Director |
|
Address : |
53 Rue De Lechiquies, |
|
Date of Birth/Age : |
01.06.1943 |
|
Date of Appointment : |
15.10.2009 |
|
DIN No.: |
01404663 |
|
|
|
|
Name : |
Pierre Raymond Rene Willams |
|
Designation : |
Director |
|
Address : |
Bungalow No.311, |
|
Date of Birth/Age : |
25.01.1970 |
|
Date of Appointment : |
23.10.2009 |
|
DIN No.: |
02810486 |
|
|
|
|
Name : |
Gregory Stephen Flyn |
|
Designation : |
Director |
|
Address : |
Bunglow No. 3/8, Kumar City, Kalyaninagar, Pune-410014, Maharashtra,
India |
|
Date of Birth/Age : |
26.12.1970 |
|
Date of Appointment : |
01.08.2011 |
|
DIN No.: |
02860916 |
|
|
|
|
Name : |
Mr. Francoise Brigitte Genevieve Bacqueyrisses Gacs |
|
Designation : |
Director |
|
Address : |
157, Boulevard George, 5 Talence, France – 033400 |
|
Date of Birth/Age : |
25.06.1945 |
|
Date of Appointment : |
08.06.2012 |
|
DIN No.: |
05293089 |
KEY EXECUTIVES
|
Name : |
Mr. Uday Mane |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
Marc Gilles Andre Simon |
|
9999 |
|
Kurup Sasidharan Mundantavita |
|
1 |
|
Societe Nouvelle Transfix, France |
|
37365068 |
|
|
|
|
|
Total |
|
37375068 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.12.2012
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
99.99 |
|
Other top fifty shareholders |
|
0.01 |
|
|
|
|
|
Total
|
|
100.00 |
%20PRIVATE%20LIMITED%20-%20266720%2013-May-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Electric Goods. |
|
|
|
|
Exports : |
|
|
Products : |
Electric Goods |
|
Countries : |
France |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
France |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S N J and Company Chartered Accountants |
|
Address : |
Office: # 25, Manisha Terrace,1st Floor, 2A,
Moledina Road, Camp, Opposite SGS Mall , Pune-411001, Maharashtra, India |
|
PAN No.: |
AACFJ1826D |
|
|
|
|
Holding company : |
· Societe Nouvelle Transfix |
CAPITAL STRUCTURE
After: 29.12.2012
Authorised Capital : Rs.402.500 Millions
Issued, Subscribed & Paid-up Capital : Rs.401.210
Millions
As on: 29.12.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs. 400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
37375068 |
Equity Shares |
Rs.10/- each |
Rs. 373.751
Millions |
|
|
|
|
|
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000000 |
Equity Shares |
Rs.10/- each |
Rs. 400.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
28006439 |
Equity Shares |
Rs.10/- each |
Rs. 280.064
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
280.064 |
154.943 |
|
(b) Reserves & Surplus |
|
(3.778) |
(1.620) |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
53.363 |
48.129 |
|
Total Shareholders’ Funds (1) + (2) |
|
329.649 |
201.452 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
4.923 |
0.000 |
|
(c)
Other current liabilities |
|
11.091 |
9.893 |
|
(d) Short-term
provisions |
|
0.165 |
0.090 |
|
Total Current
Liabilities (4) |
|
16.179 |
9.983 |
|
|
|
|
|
|
TOTAL |
|
345.828 |
211.435 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
110.138 |
48.958 |
|
(ii) Intangible
Assets |
|
0.094 |
0.281 |
|
(iii)
Capital work-in-progress |
|
183.302 |
122.800 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax
assets (net) |
|
0.101 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.484 |
0.483 |
|
Total Non-Current
Assets |
|
294.119 |
172.522 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
23.186 |
|
(b)
Inventories |
|
26.762 |
0.000 |
|
(c)
Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
|
5.333 |
9.115 |
|
(e)
Short-term loans and advances |
|
1.388 |
3.388 |
|
(f) Other
current assets |
|
18.226 |
3.224 |
|
Total
Current Assets |
|
51.709 |
38.913 |
|
|
|
|
|
|
TOTAL |
|
345.828 |
211.435 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
30.636 |
|
|
2] Share Application Money |
|
|
48.328 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(0.650) |
|
|
NETWORTH |
|
|
78.314 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
32.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
32.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
110.314 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
29.669 |
|
|
Capital work-in-progress |
|
|
22.109 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
57.265 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000
|
|
|
Sundry Debtors |
|
|
0.000
|
|
|
Cash & Bank Balances |
|
|
1.024
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
0.884
|
|
Total
Current Assets |
|
|
1.908 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.570
|
|
|
Other Current Liabilities |
|
|
0.156
|
|
|
Provisions |
|
|
0.395
|
|
Total
Current Liabilities |
|
|
1.121
|
|
|
Net Current Assets |
|
|
0.787
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.484 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
110.314 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
0.000 |
0.000 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
0.835 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
TOTAL |
3.093 |
0.353 |
0.206 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
Including
depreciation |
(0.353) |
(0.206) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.617 |
0.264 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(2.258) |
(0.970) |
(0.470) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.101) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(2.157) |
(0.970) |
(0.470) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1.620) |
(0.650) |
(0.180) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(3.777) |
(1.620) |
(0.650) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.06) |
(0.06) |
(0.15) |
|
%20PRIVATE%20LIMITED%20-%20266720%2013-May-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20266720%2013-May-2014_files/image004.gif){kind=small}
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
240.000 |
40.000 |
|
|
|
|
|
The above information has been parted by Mr. Uday Mane
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(258.32) |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.40) |
(1.09) |
(1.49) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
(0.01) |
(0.01) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.20 |
3.90 |
1.70 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
154.943 |
280.064 |
|
Reserves & Surplus |
(1.620) |
(3.778) |
|
Share
Application money pending allotment |
48.129 |
53.363 |
|
Net
worth |
201.452 |
329.649 |
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
%20PRIVATE%20LIMITED%20-%20266720%2013-May-2014_files/image006.gif)
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) |
|
Total Income |
0.000 |
0.000 |
0.835 |
|
|
|
0.000 |
0.00 |
%20PRIVATE%20LIMITED%20-%20266720%2013-May-2014_files/image008.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
0.000 |
0.000 |
0.835 |
|
Profit |
(0.470) |
(0.970) |
(2.157) |
|
|
0.000 |
0.000 |
(258.32)% |
%20PRIVATE%20LIMITED%20-%20266720%2013-May-2014_files/image011.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last five years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 |
Note: No Charges Exist for Company
FIXED ASSETS:
·
Land
·
Furniture and Fixtures
·
Computer
·
Equipments
·
Vehicles
·
Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.72 |
|
|
1 |
Rs. 100.81 |
|
Euro |
1 |
Rs. 82.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.