MIRA INFORM REPORT
|
Report Date : |
07.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
EMCO ENERGY LIMITED |
|
|
|
|
Registered
Office : |
701-704, 7th Floor, Naman
Centre, A-Wing, Bandra Kurla Complex, Mumbai – 400051, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-155140 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 4350.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40100MH2005PLC155140 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture and Markets Power Transformers |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a subsidiary of GMR Energy Limited It is an established company having moderate track record. The company has incurred huge accumulated losses which has fully
eroded net worth of the company however the company receives good financial and
managerial support from its holding company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. In view of strong support received from its holding company, 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
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses,
recently approached the Delhi high court for relief in two separate cases. The
airline challenged a notice by Punjab & National Bank alleging that It had
wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan = BBB |
|
Rating Explanation |
Moderate degree of safety it carry moderate credit risk. |
|
Date |
September, 2014 |
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
31-03-2014.
INFORMATION DECLINED BY
Management Non Co-operative (91-22-40404500)
LOCATIONS
|
Registered Office : |
701-704, 7th Floor, Naman
Centre, A-Wing, Bandra Kurla Complex, Mumbai – 400051, Maharashtra, India |
|
Tel. No.: |
91-80-40434000 / 42028000 |
|
Fax No.: |
91-80-40432180 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 05.09.2014
|
Name : |
Mr. Sanjay Narayan Barde |
|
Designation : |
Whole-Time Director |
|
Address : |
A3/8, Dattaprasad Society, 10th Main, Malleswaram Bangalore – 560003, Karnataka, India |
|
Date of Birth/Age : |
23.02.1957 |
|
Date of Appointment : |
28.08.2013 |
|
DIN No.: |
03140784 |
|
|
|
|
Name : |
Mr. Aniruddha Ganguly |
|
Designation : |
Director |
|
Address : |
2044, Shoba Petunia, Sy No 49/123, Veeranapalya, Nagavara, Bangalore – 560045, Karnataka, India |
|
Date of Birth/Age : |
27.11.1958 |
|
Date of Appointment : |
21.01.2014 |
|
DIN No.: |
06425757 |
|
|
|
|
Name : |
Mr. Sunil Agrawal |
|
Designation : |
Director |
|
Address : |
C 602,Mantri Elegence, N.S. Palya Bannerghatta Road, Near Shoppers Stop, Bangalore – 560076, Karnataka, India |
|
Date of Birth/Age : |
06.07.1955 |
|
Date of Appointment : |
19.01.2012 |
|
DIN No.: |
03149399 |
|
|
|
|
Name : |
Mr. Alakkalam Doraisamy Navaneethan |
|
Designation : |
Director |
|
Address : |
No 4C, New No. 05, Professor Subramanian Road, Kilpauk, Chennai –
600010, Tamilnadu, India |
|
Date of Birth/Age : |
13.11.1938 |
|
Date of Appointment : |
14.07.20110 |
|
DIN No.: |
00220765 |
|
|
|
|
Name : |
Mr. Kusumanchi Parameswara Rao |
|
Designation : |
Director |
|
Address : |
Flat-B-003, Floor 1, Adarsh Garden, 8Th Block, Jayanagar, Bangalore – 560082, Karnataka, India |
|
Date of Birth/Age : |
01.08.1949 |
|
Date of Appointment : |
28.08.2013 |
|
DIN No.: |
02780484 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 05.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
GMR Energy Limited, India |
|
434999994 |
|
Grandhi Mallikarjuna Rao Nominee of GMR Energy
Limited, India |
|
01 |
|
G Varalakshmi Nominee of GMR Energy Limited,
India |
|
01 |
|
Srinivasa Bommidala Nominee of GMR Energy
Limited, India |
|
01 |
|
Boda Venkatanageswara Rao Nominee
of GMR Energy Limited, India |
|
01 |
|
GBS Raju Nominee of GMR Energy
Limited, India |
|
01 |
|
Grandhi Kiran Kumar Nominee of
GMR Energy Limited, India |
|
01 |
|
Total |
|
435000000 |
As on 05.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and Markets Power Transformers |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
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||||||||||||||||||||||||
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Facilities : |
(Rs. In Millions)
|
|
|
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|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsiani Chambers, 212, Naman Point, Mumbai – 400021,
Maharashtra, India |
|
PAN No.: |
AAAFC0662N |
|
|
|
|
Holding Company |
GMR Energy Limited |
|
|
|
|
Enterprises having control
over the company |
GMR holding Private Limited MNR Infrastruture Limited GMR Renewable Energy Limited |
|
|
|
|
Fellow Subsidiary /
Associate where Transition has taken place |
|
CAPITAL STRUCTURE
As on 05.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
560,000,000 |
Equity Shares |
Rs.10/- each |
Rs.5600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
435,000,000 |
Equity Shares |
Rs.10/- each |
Rs.4350.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4350.000 |
4350.000 |
4350.000 |
|
(b) Reserves & Surplus |
(5555.021) |
(229.294) |
(58.095) |
|
(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) |
(1205.021) |
4120.706 |
4291.905 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
32098.007 |
28701.661 |
20971.613 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.128 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
3.530 |
|
Total Non-current
Liabilities (3) |
32098.135 |
28701.661 |
20975.143 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2396.709 |
222.361 |
0.000 |
|
(b) Trade
payables |
2613.453 |
1236.279 |
0.000 |
|
(c) Other
current liabilities |
4460.280 |
4614.029 |
2880.907 |
|
(d) Short-term
provisions |
66.483 |
52.491 |
42.241 |
|
Total Current
Liabilities (4) |
9536.925 |
6125.160 |
2923.148 |
|
|
|
|
|
|
TOTAL |
40430.039 |
38947.527 |
28190.196 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
37603.239 |
23869.269 |
415.960 |
|
(ii)
Intangible Assets |
3.245 |
4.157 |
3.621 |
|
(iii)
Capital work-in-progress |
3.261 |
12389.626 |
26223.548 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.003 |
0.003 |
0.003 |
|
(c) Deferred tax assets (net) |
300.735 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
325.379 |
1167.767 |
1233.860 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
38235.862 |
37430.822 |
27876.992 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
306.168 |
381.827 |
0.000 |
|
(c) Trade
receivables |
216.912 |
37.593 |
0.000 |
|
(d) Cash
and cash equivalents |
527.535 |
646.878 |
136.100 |
|
(e)
Short-term loans and advances |
498.512 |
450.407 |
177.093 |
|
(f) Other
current assets |
645.050 |
0.000 |
0.011 |
|
Total
Current Assets |
2194.177 |
1516.705 |
313.204 |
|
|
|
|
|
|
TOTAL |
40430.039 |
38947.527 |
28190.196 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7429.590 |
111.338 |
0.000 |
|
|
|
Other Income |
30.842 |
10.722 |
0.000 |
|
|
|
TOTAL (A) |
7460.432 |
122.060 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
5516.516 |
137.043 |
0.000 |
|
|
|
Purchases of Stock-in-Trade |
54.726 |
0.000 |
0.000 |
|
|
|
Employees benefits expense |
341.077 |
8.931 |
0.000 |
|
|
|
Other expenses |
1860.997 |
33.135 |
15.560 |
|
|
|
TOTAL (B) |
7773.316 |
179.109 |
15.560 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(312.884) |
(57.049) |
(15.560) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3681.079 |
72.842 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(3993.963) |
(129.891) |
(15.560) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1632.499 |
41.308 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(5626.462) |
(171.199) |
(15.560) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(300.735) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(5325.727) |
(171.199) |
(15.560) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(229.294) |
(58.095) |
(42.535) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(5555.021) |
(229.294) |
(58.095) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(12.24) |
(0.39) |
(0.04) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(71.68) |
(153.77) |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(4.21) |
(51.24) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.02) |
(0.64) |
-0.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
4.67 |
(0.04) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(28.63) |
7.02 |
4.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.23 |
0.25 |
0.11 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
4350.000 |
4350.000 |
4350.000 |
|
Reserves & Surplus |
(58.095) |
(229.294) |
(5555.021) |
|
Net worth |
4291.905 |
4120.706 |
(1205.021) |
|
|
|
|
|
|
long-term borrowings |
20971.613 |
28701.661 |
32098.007 |
|
Short term borrowings |
0.000 |
222.361 |
2396.709 |
|
Total borrowings |
20971.613 |
28924.022 |
34494.716 |
|
Debt/Equity ratio |
4.886 |
7.019 |
-28.626 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
|
111.338 |
7429.590 |
|
|
|
|
6,573.005 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
|
111.338 |
7429.590 |
|
Profit |
|
(171.199) |
(5325.727) |
|
|
|
(153.77%) |
(71.68%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current maturities of long-term debt |
1292.963 |
1252.020 |
NA |
|
|
|
|
|
|
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 |
Yes |
|
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 |
Yes |
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Debentures |
4350.000 |
4350.000 |
|
Short Term
Borrowing |
|
|
|
Inter Corporate Deposit from Holding Company |
1436.000 |
38.000 |
|
Total |
5786.000 |
4388.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10516755 |
26/08/2014 |
1,956,200,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
C18259044 |
|
2 |
10495232 |
09/05/2014 |
2,600,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
C04659959 |
|
3 |
10467909 |
30/12/2013 * |
10,000,000,000.00 |
IDBI TRUSTEESHIP SERVICES LIMITED |
ASIAN BLDG., GROUND FLOOR, 17, R. KAMANI MARG, BALLARD ESTATE,, MUMBAI, MAHARASHTRA - 400001, INDIA |
B92667732 |
|
4 |
10350215 |
24/01/2014 * |
6,200,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
B95218038 |
|
5 |
10263707 |
04/01/2012 * |
26,100,000,000.00 |
AXIS TRUSTEE SERVICES LIMITED |
AXIS HOUSE, 2ND FLR, BOMBAY DYEING MILLS COMPOUND, PANDURANG BUDHKAR MARG, WORLI,, MUMBAI, MAHARASHTRA - 400025, INDIA |
B30270946 |
* Date of charge modification
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.61.39 |
|
|
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
35 |
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.