MIRA INFORM REPORT
|
Report Date : |
15.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
MACBROUT ENGINEERING PRIVATE LIMITED |
|
|
|
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Registered
Office : |
D2-5, Margao Industrial Estate,
San Jose De Areal, Margao – 403709, Goa |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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|
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|
Date of
Incorporation : |
15.10.2003 |
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Com. Reg. No.: |
24-003311 |
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Capital
Investment / Paid-up Capital : |
Rs. 12.500 Millions |
|
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|
|
CIN No.: [Company Identification
No.] |
U51505GA2003PTC003311 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRM06154B |
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|
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PAN No.: [Permanent Account No.] |
AADCM6795L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Aerospace Components. |
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No. of Employees
: |
110 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
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Payment Behaviour : |
Regular |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having a fine track record. Financial position of the company seems to be sound. Trade relations are fair. Business is active. Payment terms are
reported to be regular and as per commitment. The company can be considered good for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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.
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Damaciana |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-832-2860387 |
|
Date : |
14.11.2014 |
LOCATIONS
|
Registered/ Head Office/ Factory 1 : |
D2-5, Margao Industrial Estate,
San Jose De Areal, Margao – 403709, Goa, India |
|
Tel. No. : |
91-832-2860176/ 2860387 |
|
Fax No. : |
91-832-2860012 |
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E-Mail : |
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Website : |
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|
Factory 2: |
A-122, Margao Industrial Estate, Sanjose De Areal, P O Curtorim,
Salcette, South Goa – 403709, Goa, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Savio Baptista Carvalho |
|
Designation : |
Director |
|
Address : |
Villa V4, CD Scenic Acres Chandrawaddo, Fatorda, South Goa
– 403602, Goa, India |
|
Date of Birth/Age : |
29.08.1964 |
|
Date of Appointment : |
15.10.2003 |
|
DIN No. : |
00103497 |
|
|
|
|
Name : |
Duncan Paul Watkinson |
|
Designation : |
Director |
|
Address : |
312, 6A, Cross Road, Ombr Layout, Bangalore - 560043,
Karnataka, India |
|
Date of Birth/Age : |
29.08.1947 |
|
Date of Appointment : |
15.10.2003 |
|
DIN No. : |
00265618 |
|
|
|
|
Name : |
Roger Cyril Romel Gomes |
|
Designation : |
Director |
|
Address : |
H No 83, Candelem Vaddo, P.O. Orlim, Salcete, South Goa -
403724, Goa, India |
|
Date of Birth/Age : |
18.03.1962 |
|
Date of Appointment : |
05.12.2007 |
|
DIN No. : |
01938897 |
KEY EXECUTIVES
|
Name : |
Ms. Damaciana |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Turbocam India Private Limited, India |
1249900 |
99.99 |
|
Savio Batista Carvalho, India |
100 |
0.01 |
|
Total |
1250000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Aerospace Components. |
|
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|
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Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· USA · UK · Romania · Netherland |
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Imports : |
|
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Products : |
Raw Material |
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Countries : |
· USA · UK |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Kalyani Forge Limited Contact Person: Mr. Sachin (Manager) Contact No.: 91-8308840288 Since How Long Known: 8 Years Experience : Satisfactory Maximum Limitt Dealt: Not Divulged |
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Customers : |
Wholesalers, Retailers and End users · Hindustan Aeronautic Limited |
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No. of Employees : |
110 (Approximately) |
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Bankers : |
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Facilities : |
NOTE SHORT TERM
BORROWINGS Packing Credit Limit from Corporation Bank – Repayable on demand secured by current assets created from the loan, interest rate – 13.90% p.a. |
|
Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Lorence Malekar and Company Chartered Accountants |
|
Address : |
BG - 17, B Block Kunde Complex, St. Joaquim Road, Borda, Margao – 403602, Goa, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACSPM5154D |
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|
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|
Parent Company : |
Turbo-Chem International Inc. |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,250,000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 Millions |
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|
|
|
|
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 |
12.500 |
12.500 |
12.500 |
|
(b) Reserves & Surplus |
337.960 |
277.228 |
194.613 |
|
(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) |
350.460 |
289.728 |
207.113 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.184 |
0.304 |
11.038 |
|
(b) Deferred tax liabilities (Net) |
0.628 |
0.000 |
1.054 |
|
(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) |
0.812 |
0.304 |
12.092 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
10.099 |
32.707 |
49.715 |
|
(b) Trade
payables |
30.549 |
25.044 |
32.833 |
|
(c) Other
current liabilities |
10.949 |
21.052 |
21.883 |
|
(d) Short-term
provisions |
4.700 |
12.424 |
6.975 |
|
Total Current
Liabilities (4) |
56.297 |
91.227 |
111.406 |
|
|
|
|
|
|
TOTAL |
407.569 |
381.259 |
330.611 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
131.785 |
146.429 |
146.595 |
|
(ii)
Intangible Assets |
0.739 |
0.816 |
0.621 |
|
(iii)
Capital work-in-progress |
27.733 |
16.412 |
5.204 |
|
(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 |
0.005 |
0.005 |
0.023 |
|
(e) Other Non-current
assets |
2.037 |
32.302 |
1.072 |
|
Total Non-Current
Assets |
162.299 |
195.964 |
153.515 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
45.442 |
52.004 |
33.687 |
|
(c) Trade
receivables |
93.318 |
67.876 |
86.483 |
|
(d) Cash
and cash equivalents |
95.412 |
51.653 |
33.893 |
|
(e)
Short-term loans and advances |
10.791 |
13.461 |
22.850 |
|
(f) Other
current assets |
0.307 |
0.301 |
0.183 |
|
Total
Current Assets |
245.270 |
185.295 |
177.096 |
|
|
|
|
|
|
TOTAL |
407.569 |
381.259 |
330.611 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
307.848 |
316.924 |
298.910 |
|
|
|
Other Income |
14.301 |
18.053 |
17.154 |
|
|
|
TOTAL (A) |
322.149 |
334.977 |
316.064 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
117.911 |
|
|
|
|
|
(Increase)/ Decrease in Finished Goods and Semi-Finished
Goods/ Work-in-Progress |
9.377 |
(9.724) |
|
|
|
|
Employees benefits expense |
28.732 |
26.475 |
|
|
|
|
Other expenses |
54.378 |
32.250 |
|
|
|
|
TOTAL (B) |
210.398 |
186.573 |
204.102 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
111.751 |
148.404 |
111.962 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.347 |
3.206 |
4.454 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
110.404 |
145.198 |
107.508 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.256 |
18.680 |
16.346 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
93.148 |
126.518 |
91.162 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
32.416 |
41.578 |
31.442 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
60.732 |
84.940 |
59.720 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export of Goods Calculated on FOB Basis |
300.499 |
304.703 |
286.314 |
|
|
|
Other Income |
0.176 |
2.363 |
0.000 |
|
|
TOTAL EARNINGS |
300.675 |
307.066 |
286.314 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
18.346 |
16.202 |
8.663 |
|
|
|
Components and Spare Parts |
21.071 |
16.691 |
18.611 |
|
|
|
Capital Goods |
1.121 |
12.186 |
17.861 |
|
|
TOTAL IMPORTS |
40.538 |
45.079 |
45.135 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
48.59 |
67.95 |
47.78 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
19.73 |
26.80 |
19.98 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
36.30 |
46.83 |
37.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.52 |
34.68 |
28.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27 |
0.44 |
0.44 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.03 |
0.11 |
0.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.36 |
2.03 |
1.59 |
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 |
12.500 |
12.500 |
12.500 |
|
Reserves & Surplus |
194.613 |
277.228 |
337.960 |
|
Net
worth |
207.113 |
289.728 |
350.460 |
|
|
|
|
|
|
long-term borrowings |
11.038 |
0.304 |
0.184 |
|
Short term borrowings |
49.715 |
32.707 |
10.099 |
|
Total
borrowings |
60.753 |
33.011 |
10.283 |
|
Debt/Equity
ratio |
0.293 |
0.114 |
0.029 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
298.910 |
316.924 |
307.848 |
|
|
|
6.027 |
(2.864) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
298.910 |
316.924 |
307.848 |
|
Profit |
59.720 |
84.940 |
60.732 |
|
|
19.98% |
26.80% |
19.73% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
|
Current Maturities of Long Term Debts |
0.120 |
14.994 |
15.771 |
|
|
|
|
|
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
Yes |
|
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 |
LITIGATION DETAILS
|
Case Status : |
Pending (Final Hearing) |
||||
|
Petitioner : |
1. Commissioner of Income Tax |
||||
|
Respondent : |
1. M/S. Macbrout Engineering Private Limited |
||||
|
Petitoner Adv. : |
ADV. Asha A. Desai |
||||
|
Respondent Adv. : |
ADV. Pimenta Ninotska Lourdes for Respondent |
||||
|
District : |
North Goa |
||||
|
Bench : |
Division |
||||
|
Act : |
Income Tax Act, 1961 |
||||
|
Category : |
Tax Appeal |
||||
|
Case Stage : |
FOR ADMISSION - FIRST ON BOARD |
||||
|
Hearing Date : |
07 July 2014 |
||||
|
|||||
|
This
Case is updated on : 06
August 2014 |
|||||
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10117614 |
17/05/2014 * |
21,500,000.00 |
CORPORATION BANK |
159/1, ENDRO PARTMENTS OPP CHAPEL, PADRIBHAT, ST. JOSE DE AREAL BRANCH, MARGAO, GOA - 403709, INDIA |
C07398118 |
|
2 |
10014994 |
08/08/2006 |
46,500,000.00 |
CORPORATION BANK |
SAN JOSE DE AREAL, NESSAI, SALCETE, MARGAO, GOA - |
A03346053 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From Director |
0.304 |
0.424 |
|
Less: Shown in Current Maturities of Long Term Debt |
0.120 |
0.120 |
|
Total |
0.184 |
0.304 |
CORPORATE INFORMATION
Subject was incorporated as a private limited company on 15th October, 2003 with registered office at Margao Industrial Estate, Nessai, Goa. The company operates in the field of aerospace equipment such as nozzle rings, single blades, turbo-chargers, insulators and other turbo-machinery equipment. The company has two units – a 100% Export Oriented Unit to cater to International market, and a DTA Unit to absorb of the local/ domestic markets.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
Bank Guarantee outstanding in favour of the Govn and other parties |
4.654 |
5.684 |
|
Claims against the company not acknowledged as debt (Income tax dues in dispute) |
0.000 |
3.949 |
|
Estimated amount of contracts remaining to be executed on capital account and not provided for |
140.000 |
150.000 |
FIXED ASSETS
· Land – Freehold
· Land – Leasehold
· Building
· Building (Leasehold)
· Plant and Machinery
· Electrical Installation
· Office Equipment
· Computers
· Air Conditioner
· Vehicles
· Furniture and Fixtures
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.61.65 |
|
|
1 |
Rs.96.54 |
|
Euro |
1 |
Rs.76.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
50 |
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.