MIRA INFORM REPORT
|
Report Date : |
18.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
HIND HIGH VACUUM COMPANY PRIVATE LIMITED |
|
|
|
|
Formerly Known As : |
HINDHIVAC PRIVATE
LIMITED |
|
|
|
|
Registered Office : |
Site No. 17,
Phase – I, Peenya Industrial Area, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation : |
26.03.2001 |
|
|
|
|
Com. Reg. No.: |
08-028817 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.25.836 Millions |
|
|
|
|
IEC No.: |
702007668 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U29120KA2001PTC028817 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRH00126A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCH1227L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Vacuum Systems and Pumps, Plain and metallised mineral
Glasses, Glass Reflectors, Coated Mirrors, Electronics and Electrical
Instruments Interference, Customs built filters etc. |
|
|
|
|
No. of Employees
: |
658 (Approximately) |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Profitability of the company seems to be low during 2014. However,
general financial position of the company appears to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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
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 |
CRISIL |
|
Rating |
Long term rating: BB+ |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
11.09.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4+ |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
11.09.2013 |
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.
LOCATIONS
|
Registered Office / Factory : |
Site No. 17, Phase
– I, Peenya Industrial Area, Bangalore – 560 058, Karnataka, India |
|
Tel. No.: |
91-80-41931000/41931064 |
|
Fax No.: |
91-80-28394874 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
61457 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office: |
No.31,32,33,34 and 37, KIADB Industrial Area, Dabaspet 1st
Phase, Nelagmangala, Bangalore -562 111, Karnataka, India |
|
Tel. No.: |
91-80-22633771 |
|
Fax No.: |
91-80-22633800 |
|
Area : |
2,63,652 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Sakhamuri
Venkata Narasaiah |
|
Designation : |
Director /
Chairman |
|
Address : |
No. 16, 3rd
|
|
Date of Birth/Age : |
14.10.1924 |
|
Qualification : |
Technocrat |
|
Experience : |
50 Years |
|
Date of Appointment : |
26.03.2001 |
|
Election Commission Identity Card No.: |
KT/12/087/288291 |
|
|
|
|
Name : |
Mr. Nagarjun
Sakhamuri |
|
Designation : |
Managing Director
|
|
Address : |
No. 284, 4th
Cross, 80 Feet Road, RMV II Stage, II Block, Bangalore – 560094, Karnataka,
India |
|
Date of Birth/Age : |
09.05.1957 |
|
Qualification : |
B.S. (Mech.
Engineering), |
|
Experience : |
25 Years |
|
Date of Appointment : |
01.08.2003 |
|
Election Commission Identity Card No.: |
KT/12/087/288293 |
|
|
|
|
Name : |
Mr. Prasanth Sakhamuri
|
|
Designation : |
Managing Director |
|
Address : |
No. 272, 4th
Cross II, Block RMV II Stage, |
|
Date of Birth/Age : |
10.04.1963 |
|
Qualification : |
B. Sc., PGDRM, IRMA |
|
Experience : |
25 Years |
|
Date of Appointment : |
26.03.2001 |
|
Election Commission Identity Card No.: |
KT/12/087/288295 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Sakhamuri Venkata
Narasaiah |
|
519142 |
|
Nagarjun Sakhamuri |
|
432495 |
|
Prasanth Sakhamuri |
|
472026 |
|
S.Sarojini Devi |
|
492581 |
|
A.Leelvavathi |
|
457257 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Vacuum Systems and Pumps, Plain and metallised
mineral Glasses, Glass Reflectors, Coated Mirrors, Electronics and Electrical
Instruments Interference, Customs built filters etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit and Cash, 60 Days |
|
|
|
|
Purchasing : |
L/C, Cash |
PRODUCTION DETAILS:
|
Products |
Installed Capacity |
Actual Production |
|
Vacuum Systems and Pumps Plain and metallised mineral Glasses Coated Mirrors Interference, Customs built filters |
5150 3600000 60000 12000 |
2229 4156277 10758 11442 |
GENERAL INFORMATION
|
Suppliers : |
|
||||
|
|
|
||||
|
Customers : |
End Users and Government sectors- BARC, VSSC, HAL , ISRO
|
||||
|
|
|
||||
|
No. of Employees : |
658 (Approximately) |
||||
|
|
|
||||
|
Bankers : |
|
||||
|
|
|
||||
|
Facilities : |
300.000 Millions (From State Bank of India) |
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Company LLP, Chartered Accountants |
|
Address : |
Maruthi Infotech Centre, 11-12/1, Inner Ring Road, Koramangala,
Bangalore- 560 071, Karnataka, India |
|
Tel. No.: |
91-80-39806000 |
|
Fax No.: |
91-80-39806999 |
|
E-Mail : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Name: HHV Pumps
Private Limited Address: Site No. 17,
Phase I, Peenya Industrial Area, Bangalore Line of
business: Manufacturer of Rotary vacuum pumps Name: HHV Limited Address: Unit 2, Stanley
Business Centre, Kelvin Way, Crawley, RH10 9SE, West Sussex, UK Line of
business: Trading concern |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2583642 |
Equity Shares |
Rs.10/- each |
Rs. 25.836
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 |
25.836 |
25.836 |
25.836 |
|
(b) Reserves & Surplus |
214.492 |
215.250 |
197.681 |
|
(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) |
240.328 |
241.086 |
223.517 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
300.000 |
301.481 |
314.585 |
|
(b) Deferred tax liabilities
(Net) |
28.190 |
23.734 |
31.888 |
|
(c) Other long term
liabilities |
34.948 |
34.948 |
12.500 |
|
(d) long-term provisions |
8.896 |
8.133 |
1.974 |
|
Total
Non-current Liabilities (3) |
372.034 |
368.296 |
360.947 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
359.737 |
346.463 |
356.725 |
|
(b) Trade payables |
116.846 |
119.250 |
129.737 |
|
(c) Other current liabilities |
85.428 |
194.707 |
156.424 |
|
(d) Short-term provisions |
33.055 |
51.995 |
27.099 |
|
Total
Current Liabilities (4) |
595.066 |
712.415 |
669.985 |
|
|
|
|
|
|
TOTAL |
1207.428 |
1321.797 |
1254.449 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
249.641 |
244.317 |
313.025 |
|
(ii) Intangible Assets |
8.503 |
9.935 |
12.695 |
|
(iii) Capital work-in-progress |
0.092 |
5.081 |
2.376 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
17.259 |
|
(b) Non-current Investments |
133.724 |
158.724 |
127.513 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
209.616 |
180.229 |
51.911 |
|
(e) Other Non-current assets |
15.397 |
16.580 |
3.766 |
|
Total
Non-Current Assets |
616.973 |
614.866 |
528.545 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.014 |
0.994 |
1.088 |
|
(b) Inventories |
203.640 |
302.552 |
235.180 |
|
(c) Trade receivables |
170.204 |
253.454 |
188.673 |
|
(d) Cash and cash equivalents |
39.646 |
24.575 |
50.379 |
|
(e) Short-term loans and
advances |
91.595 |
68.640 |
61.302 |
|
(f) Other current assets |
84.356 |
56.716 |
189.282 |
|
Total
Current Assets |
590.455 |
706.931 |
725.904 |
|
|
|
|
|
|
TOTAL |
1207.428 |
1321.797 |
1254.449 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1066.796 |
1009.965 |
818.009 |
|
|
Other Income |
26.750 |
25.156 |
28.612 |
|
|
TOTAL
(A) |
1093.546 |
1035.121 |
846.621 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
598.135 |
550.917 |
459.237 |
|
|
Purchases of Stock-in-Trade |
1.411 |
0.393 |
0.930 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
39.035 |
(2.386) |
(48.705) |
|
|
Employees benefits expense |
200.890 |
214.365 |
201.662 |
|
|
Other expenses |
129.516 |
142.846 |
119.398 |
|
|
Exceptional Items |
26.718 |
6.507 |
0.000 |
|
|
TOTAL
(B) |
995.705 |
912.642 |
732.522 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
97.841 |
122.479 |
114.099 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
52.760 |
57.807 |
62.891 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
45.081 |
64.672 |
51.208 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
19.590 |
23.323 |
23.075 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
25.491 |
41.349 |
28.133 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
21.599 |
19.129 |
9.173 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
3.892 |
22.220 |
18.960 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
|
|
Basic |
0.88 |
7.97 |
6.71 |
|
|
Diluted
|
0.88 |
5.59 |
4.77 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT/ Sales |
(%) |
0.36 |
2.20 |
2.32 |
|
|
|
|
|
|
|
PBIDT / Sales |
(%) |
9.17 |
12.13 |
13.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.37 |
3.57 |
2.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.17 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.75 |
2.69 |
3.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.99 |
1.08 |
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 |
25.836 |
25.836 |
25.836 |
|
Reserves & Surplus |
197.681 |
215.250 |
214.492 |
|
Net
worth |
223.517 |
241.086 |
240.328 |
|
|
|
|
|
|
long-term borrowings |
314.585 |
301.481 |
300.000 |
|
Short term borrowings |
356.725 |
346.463 |
359.737 |
|
Total
borrowings |
671.310 |
647.944 |
659.737 |
|
Debt/Equity
ratio |
3.003 |
2.688 |
2.745 |
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 |
818.009 |
1009.965 |
1066.796 |
|
|
|
23.466 |
5.627 |
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 |
818.009 |
1009.965 |
1066.796 |
|
Profit |
18.960 |
22.220 |
3.892 |
|
|
2.32% |
2.20% |
0.36% |
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 |
Yes |
|
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 |
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 |
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 |
-- |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10164329 |
05/06/2014 * |
730,000,000.00 |
STATE BANK OF INDIA |
SPECIALISED MID-CORPORATE BRANCH, NO. 97, RAILWAY PARALLEL ROAD, KUMARAPARK WEST, BANGALORE, KARNAT AKA - 560020, INDIA |
C09269325 |
|
2 |
90199547 |
25/01/2010 * |
800,600,000.00 |
STATE BANK OF INDIA |
MID CORPORATE LOAN ADMINISTRATION UNIT, 3RD FLOOR, RESIDENCY PLAZA, NO. 61, RESIDENCY ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
A78870375 |
|
3 |
90198157 |
13/10/2003 * |
77,000,000.00 |
STATE BANK OF INDIA |
PEENYA INDUSTRIAL ESTATE BRANCH, NO. B-96; 2ND CROSS, BANGALORE, KARNATAKA - 560058, INDIA |
- |
* Date of charge modification
TRADE REFERENCES
- Excel Enterprises, Mumbai, Maharashtra,
India
- Regency Electricals, Bangalore,
Karnataka, India
- Skytech Infinite Systems private
Limited, BLR
- Delton Controls and Switch gear, Blr
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] 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.61.68 |
|
|
1 |
Rs.96.93 |
|
Euro |
1 |
Rs.77.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSH |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
2 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
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.