MIRA
INFORM REPORT
|
Report Date : |
27.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
IDEAL FASTENER (INDIA) PRIVATE LIMITED |
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|
|
Registered
Office : |
C5, Phase II, 3rd |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2013 |
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|
|
Date of
Incorporation : |
12.12.2005 |
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|
|
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Com. Reg. No.: |
18-058282 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.0.400
million |
|
|
|
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CIN No.: [Company Identification
No.] |
U36992TN2005PTC058282 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEI05412B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing, exporting, importing,
trading and other wise
dealing in all kinds of zip components and other garment accessories. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 270000 |
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|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Overall financials appears to be decent. Trade relation reported to be fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered for business dealing 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 – 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.
LOCATIONS
|
Registered Office/ Factory/ Sales Office 1 : |
C5, Phase II, 3rd
|
|
Tel. No.: |
91-44-22622050/ 22622051/ 22622052 |
|
Fax No.: |
91-44-42034747/ 28276437 |
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E-Mail : |
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|
Website : |
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|
Area : |
4710 sq. mtrs. |
|
Location : |
Leased |
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|
Sales Office 2 : |
#404, 1st Floor, 1st Cross, 1st
Block, R.T. Nagar, |
|
Tel No.: |
91-80-41726476 |
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E-Mail : |
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Sales Office 3 : |
207-208 |
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Tel. No.: |
91-129-4117601 |
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Fax No.: |
91-129-4117601 |
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E-Mail : |
DIRECTORS
AS ON 06.09.2013
|
Name : |
Mrs. Vijaya Shekar |
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|
Designation : |
Director |
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Address : |
88/89, |
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Date of Birth/Age : |
12.01.1954 |
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Date of Appointment : |
12.12.2005 |
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DIN No.: |
00532674 |
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Other Directorship :
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Name : |
Mr. Baljapalli Suryanarain Sastri |
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|
Designation : |
Director |
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|
Address : |
209 (Old No.94), |
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Date of Birth/Age : |
25.09.1952 |
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Date of Appointment : |
12.12.2005 |
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DIN No.: |
01169987 |
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Other Directorship :
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Name : |
Mr. Jeffrey Jules Gut |
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Designation : |
Director |
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Address : |
7700, |
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Date of Birth/Age : |
16.06.1979 |
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Date of Appointment : |
12.12.2005 |
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DIN No.: |
01669079 |
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Name : |
Mr. Ralph Leon Gut |
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Designation : |
Director |
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Address : |
7700, |
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Date of Birth/Age : |
27.10.1941 |
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Date of Appointment : |
12.12.2005 |
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DIN No.: |
01720183 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Baljapalli Suryanarain Sastri (Equity Shares) |
|
460 |
|
Vijaya Shekar (Equity Shares) |
|
460 |
|
Baljapalli Suryanarain Sastri (Class B Equity Shares) |
|
500 |
|
Vijaya Shekar (Class B Equity Shares) |
|
500 |
|
M.M. Udeshi (Equity Shares) |
|
80 |
|
Gilbert Wan Hoi Hung (Class A Equity
Shares) |
|
1000 |
|
Ideal Fastener Mauritius, Mauritius (Class A Equity Shares) |
|
1000 |
|
TOTAL
|
|
4000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 06.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
50.00 |
|
Directors
or relatives of directors |
|
48.00 |
|
Other
top fifty shareholders |
|
2.00 |
|
TOTAL |
|
100.00 |
%20PRIVATE%20LIMITED%20-%20268908%2027-May-2014_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing, exporting, importing,
trading and other wise
dealing in all kinds of zip components and other garment accessories. |
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||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
31.03.2010 |
|
Licensed Capacity |
Not Applicable |
|
Installed Capacity |
Not Applicable |
|
Actual Production – Pcs |
38004887 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
v Kotak Mahindra
Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai – 400
021, Maharashtra, India v
Bank of Ceylon, No.1090, A.R. Complex,
Poonamallee High Road, Chennai – 600 084, Tamilnadu, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Vepa and Company Chartered Accountants |
|
Address : |
“Rudraprasada”, 93, |
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Tel. No.: |
91-44-24987789/ 24987735 |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFV0371K |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
190000 |
Equity Shares |
Rs.100/- each |
Rs.19.000 millions |
|
5000 |
Class A Equity Shares |
Rs.100/- each |
Rs.0.500 million |
|
5000 |
Class B Equity Shares |
Rs.100/- each |
Rs.0.500 million |
|
|
Total |
|
Rs.20.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100 million
|
|
2000 |
Class A Equity Shares |
Rs.100/- each |
Rs.0.200
million |
|
1000 |
Class B Equity Shares |
Rs.100/- each |
Rs.0.100
million |
|
|
Total |
|
Rs.0.400 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 |
0.400 |
0.400 |
0.400 |
|
(b) Reserves & Surplus |
67.938 |
25.988 |
58.923 |
|
(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) |
68.338 |
26.388 |
59.323 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
67.800 |
88.812 |
87.269 |
|
(b) Deferred tax liabilities (Net) |
3.904 |
4.156 |
4.561 |
|
(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) |
71.704 |
92.968 |
91.830 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
63.163 |
54.138 |
39.794 |
|
(b)
Trade payables |
130.403 |
90.200 |
55.549 |
|
(c)
Other current liabilities |
2.753 |
2.496 |
16.944 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
196.319 |
146.834 |
112.287 |
|
|
|
|
|
|
TOTAL |
336.361 |
266.190 |
263.440 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
117.648 |
122.997 |
133.047 |
|
(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 |
7.285 |
2.360 |
1.141 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
124.933 |
125.357 |
134.188 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
119.517 |
79.785 |
94.087 |
|
(c)
Trade receivables |
86.150 |
57.490 |
29.920 |
|
(d) Cash
and cash equivalents |
4.569 |
1.665 |
3.380 |
|
(e)
Short-term loans and advances |
1.192 |
1.893 |
1.865 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
211.428 |
140.833 |
129.252 |
|
|
|
|
|
|
TOTAL |
336.361 |
266.190 |
263.440 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
515.338 |
|
|
|
Other Income |
|
|
1.445 |
|
|
|
TOTAL |
850.717 |
539.112 |
516.783 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
791.464 |
553.607 |
482.522 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
59.253 |
(14.495) |
34.261 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.555 |
18.846 |
19.069 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
41.698 |
(33.341) |
15.192 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.252) |
(0.405) |
0.573 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
41.950 |
(32.936) |
14.619 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of export |
803.331 |
512.756 |
495.326 |
|
|
TOTAL EARNINGS |
803.331 |
512.756 |
495.326 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
276.626 |
147.530 |
138.507 |
|
|
|
Capital Goods |
7.310 |
2.383 |
22.720 |
|
|
|
Loose Tool |
1.054 |
2.965 |
3.157 |
|
|
TOTAL IMPORTS |
284.990 |
152.878 |
164.384 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
10487.46 |
(8234.00) |
3654.85 |
|
%20PRIVATE%20LIMITED%20-%20268908%2027-May-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20268908%2027-May-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20268908%2027-May-2014_files/image005.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.93
|
(6.11) |
2.83 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
2.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.40
|
(12.53) |
11.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.61
|
(1.26) |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.92
|
5.42 |
2.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.08
|
0.96 |
1.15 |
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 |
0.400 |
0.400 |
0.400 |
|
Reserves & Surplus |
58.923 |
25.988 |
67.938 |
|
Net worth |
59.323 |
26.388 |
68.338 |
|
|
|
|
|
|
long-term borrowings |
87.269 |
88.812 |
67.800 |
|
Short term borrowings |
39.794 |
54.138 |
63.163 |
|
Total borrowings |
127.063 |
142.950 |
130.963 |
|
Debt/Equity ratio |
2.142 |
5.417 |
1.916 |
%20PRIVATE%20LIMITED%20-%20268908%2027-May-2014_files/image007.gif)
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) |
|
Total Income |
516.783 |
539.112 |
850.717 |
|
|
|
4.321 |
57.800 |
%20PRIVATE%20LIMITED%20-%20268908%2027-May-2014_files/image009.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
516.783 |
539.112 |
850.717 |
|
Profit |
14.619 |
(32.936) |
41.950 |
|
|
2.83% |
(6.11%) |
4.93% |
%20PRIVATE%20LIMITED%20-%20268908%2027-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 |
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] |
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:
The registered office of the company has been shifted from
88/89,
OPERATIONS:
The Company is engaged in manufacturing, exporting, importing, trading
and other wise dealing in all kinds of zip components and other garment
accessories. The Company has been taking several initiatives and planning
measures to decide on a suitable structure and develop systems and mechanisms
in place in order to effectively carry on its operations.
UNSECURED LOAN:
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advances
from related parties |
40.600 |
53.100 |
|
Other Loans and advance |
27.200 |
28.700 |
|
Total |
67.800 |
81.800 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10138506 |
19/01/2009 |
1,950,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN
BHAVAN, 227,D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
A54974589 |
|
2 |
90325555 |
26/12/2012 * |
93,500,000.00 |
BANK OF CEYLON |
NO.20/21, CASA MAJOR
ROAD, N.NO.2 (O.NO.11), ZERAT GARDEN. 2ND LANE, EGMORE, CHENNAI, TAMIL NADU -
|
B65776825 |
NOTE: * Date of charge modification
FIXED ASSETS:
·
Air conditioner
·
Computer
·
Electrical Installation
·
Factory Shed
·
Furniture and Fitting
·
Motor Car
·
Office Equipments
·
Office Building
·
Plant and Machinery
·
Two Wheelers
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 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] 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.58.59 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.