MIRA INFORM REPORT
|
Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRAKASH CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
505, Mayfair Atrium, Opposite Delhi Public School, Kalali Vadsar Road,
Atladra, Vadodara – 390012, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.04.1994 |
|
|
|
|
Com. Reg. No.: |
04-021914 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.965 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1994PTC021914 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDP01069F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP1987H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Chemicals. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
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 record. There seems some dip in the profitability of the company during 2014 however
net worth of the company is satisfactory. General financial position of the
company is normal and acceptable for business dealing. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities (BB+) |
|
Rating Explanation |
Moderate Risk of Default. |
|
Date |
September 23, 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.
INFORMATION PARTED BY
|
Name : |
Mr. Jitendra Pankhaniya |
|
Designation : |
Finance and Accounts Manager |
|
Contact No.: |
91-265-2771642 |
|
Date : |
19.11.2014 |
LOCATIONS
|
Registered Office : |
505, Mayfair Atrium, Opposite Delhi Public School, Kalali Vadsar Road,
Atladra, Vadodara – 390012, Gujarat, India |
|
Tel. No.: |
91-265-2771642/ 2982788 |
|
Mobile No.: |
91-9723642365 (Mr. Jitendra) |
|
Fax No.: |
91-265-2772992/ 772992 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Prakash Chunilal Shah |
|
Designation : |
Managing Director |
|
Address : |
57, Shreenagar Society, |
|
Date of Birth/Age : |
03.11.1945 |
|
Date of Appointment : |
28.02.1995 |
|
DIN No.: |
00382086 |
|
|
|
|
Name : |
Mr. Chirag Prakash Shah |
|
Designation : |
Managing Director |
|
Address : |
57, Shreenagar Society, |
|
Date of Birth/Age : |
12.10.1973 |
|
Date of Appointment : |
28.02.1995 |
|
DIN No.: |
00308856 |
|
|
|
|
Name : |
Mr. Dilip Kumarpal Shah |
|
Designation : |
Director |
|
Address : |
15, Urmi Society, |
|
Date of Birth/Age : |
21.09.1956 |
|
Date of Appointment : |
28.02.1995 |
|
DIN No.: |
00308782 |
|
|
|
|
Name : |
Mr. Hitesh Chandrakant Shah |
|
Designation : |
Managing Director |
|
Address : |
1, Bhagyalaxmi Society, Near |
|
Date of Birth/Age : |
17.07.1958 |
|
Date of Appointment : |
28.02.1995 |
|
DIN No.: |
00315534 |
|
|
|
|
Name : |
Mr. Atul Chandrakant Shah |
|
Designation : |
Managing Director |
|
Address : |
21, Charotar Society, |
|
Date of Birth/Age : |
10.11.1959 |
|
Date of Appointment : |
28.02.1995 |
|
DIN No.: |
00411580 |
|
|
|
|
Name : |
Pinakin Kumarbhai Shah |
|
Designation : |
Director |
|
Address : |
7, Nandanvan Colony, Near Akota Stadium, Vadodara – 390 020, |
|
Date of Birth/Age : |
18.09.1961 |
|
Date of Appointment : |
28.02.1995 |
|
DIN No.: |
00411629 |
|
|
|
|
Name : |
Mr. Manish Kumarpal Shah |
|
Designation : |
Director |
|
Address : |
3 Spring Valley, |
|
Date of Birth/Age : |
13.12.1968 |
|
Date of Appointment : |
28.02.1995 |
|
DIN No.: |
00315521 |
|
|
|
|
Name : |
Mr. Hardik Suryakant Shah |
|
Designation : |
Director |
|
Address : |
5, Sriniketan Society, |
|
Date of Birth/Age : |
02.03.1977 |
|
Date of Appointment : |
10.02.1996 |
|
DIN No.: |
00315509 |
KEY EXECUTIVES
|
Name : |
Mr. Jitendra Pankhaniya |
|
Designation : |
Finance and Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Prakash Shah |
|
38034 |
|
Dilip Shah |
|
55517 |
|
Hitesh Shah |
|
83654 |
|
Atul Shah |
|
71017 |
|
Pinakin Shah |
|
46016 |
|
Manish Shah |
|
113686 |
|
Chirag Shah |
|
110997 |
|
Arunaben Shah |
|
76766 |
|
Sushamaben Shah |
|
40683 |
|
Prakash Shah |
|
10000 |
|
Dilip Shah |
|
28700 |
|
Atul Shah |
|
12637 |
|
Pinakin Shah |
|
30033 |
|
Hardik Shah |
|
113595 |
|
Nitaben Shah |
|
41346 |
|
Devalben Shah |
|
41346 |
|
Bhavanaben Shah |
|
46114 |
|
Prakash Shah |
|
100 |
|
Chirag Shah |
|
2737 |
|
Arunaben Shah |
|
100 |
|
Bhavanaben Shah |
|
100 |
|
Amiben Shah |
|
11314 |
|
Sushmaben Shah |
|
100 |
|
Pinakin Shah |
|
2737 |
|
Nehaben Shah |
|
11266 |
|
Pratikshaben Shah |
|
11405 |
|
Total |
|
1000000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Chemicals. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
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|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
||||||||||||||||||||||||||||||||||||||||||||
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Customers : |
Not Divulged |
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No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||
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|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Auditors : |
|
|
Name : |
C.R. Sharedalal and Company Chartered Accountants |
|
Address : |
101-102, Parishram , 5-B Rashmi Society, Mithakhali Six Roads, Navrangpura,
Ahmedabad – 380 009, Gujarat, India |
|
Tel. No.: |
91-79-26446560 |
|
Fax No.: |
91-79-26449570 |
|
E-Mail : |
|
|
Website : |
|
|
PAN
No : |
AAAFC6902F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
v
Prakash Chemical Agency v
Prakash Chemical International |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Isued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
996500 |
Equity Shares |
Rs.10/- each |
Rs. 9.965
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 |
9.965 |
9.965 |
9.965 |
|
(b) Reserves & Surplus |
61.252 |
52.494 |
41.274 |
|
(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) |
71.217 |
62.459 |
51.239 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.351 |
12.885 |
10.986 |
|
(b) Deferred tax liabilities (Net) |
0.979 |
0.968 |
0.868 |
|
(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) |
15.330 |
13.853 |
11.854 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
101.435 |
58.120 |
53.792 |
|
(b) Trade
payables |
124.014 |
107.489 |
88.736 |
|
(c) Other current
liabilities |
35.320 |
29.624 |
13.685 |
|
(d) Short-term
provisions |
4.005 |
1.887 |
5.615 |
|
Total Current
Liabilities (4) |
264.774 |
197.120 |
161.828 |
|
|
|
|
|
|
TOTAL |
351.321 |
273.432 |
224.921 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
8.984 |
9.555 |
10.411 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
15.725 |
7.437 |
0.368 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.300 |
0.300 |
0.300 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.060 |
0.826 |
0.853 |
|
(e) Other Non-current
assets |
14.083 |
4.888 |
12.874 |
|
Total Non-Current
Assets |
40.152 |
23.006 |
24.806 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
91.176 |
60.693 |
58.420 |
|
(c) Trade
receivables |
171.447 |
144.673 |
115.413 |
|
(d) Cash
and cash equivalents |
28.609 |
36.526 |
12.540 |
|
(e)
Short-term loans and advances |
19.834 |
8.220 |
12.842 |
|
(f) Other
current assets |
0.103 |
0.314 |
0.900 |
|
Total
Current Assets |
311.169 |
250.426 |
200.115 |
|
|
|
|
|
|
TOTAL |
351.321 |
273.432 |
224.921 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
TOTAL INCOME |
710.598 |
659.015 |
535.724 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
696.061 |
641.107 |
521.139 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
14.537 |
17.908 |
14.585 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.017 |
0.936 |
0.826 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
13.520 |
16.972 |
15.411 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
4.761 |
5.752 |
5.364 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.759 |
11.220 |
10.047 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
52.494 |
41.274 |
31.227 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
61.253 |
52.494 |
41.274 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
5.153 |
3.376 |
2.284 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
414.675 |
199.698 |
190.205 |
|
|
TOTAL IMPORTS |
414.675 |
199.698 |
190.205 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.79 |
11.26 |
10.08 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.03 |
6.39 |
6.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.27 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.63 |
1.14 |
1.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.27 |
1.24 |
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 |
9.965 |
9.965 |
9.965 |
|
Reserves & Surplus |
41.274 |
52.494 |
61.252 |
|
Net
worth |
51.239 |
62.459 |
71.217 |
|
|
|
|
|
|
long-term borrowings |
10.986 |
12.885 |
14.351 |
|
Short term borrowings |
53.792 |
58.120 |
101.435 |
|
Total
borrowings |
64.778 |
71.005 |
115.786 |
|
Debt/Equity
ratio |
1.264 |
1.137 |
1.626 |
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) |
|
Total Income |
535.724 |
659.015 |
710.598 |
|
|
|
23.014 |
7.827 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
535.724 |
659.015 |
710.598 |
|
Profit |
10.047 |
11.220 |
8.759 |
|
|
1.88% |
1.70% |
1.23% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT = NOT AVAILABLE
|
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 |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Loans and Advances from Related parties - (including interest accrued of Rs. 1.161 Millions previous year Rs.
0.722 Millions) Rate of interest 10% to 13.5%(loans repayable after one year
from 31.03.2014) |
11.245 |
8.363 |
|
Loans from Directors - (including interest accrued of Rs. 0.198 Million previous year Rs.
0.308 Millions) Rate of interest 10% (loans repayable after one year from
31.03.2014) |
2.132 |
3.212 |
|
Total |
13.377 |
11.575 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90096775 |
30/05/2014 * |
235,000,000.00 |
BANK OF BARODA |
IBB, Baroda, Sayajigunj,, Baroda, Gujarat -
390005, INDIA |
C06396568 |
|
2 |
90102150 |
03/06/2014 * |
235,000,000.00 |
BANK OF BARODA |
IBB,Baroda, Sayajigunj, Baroda, Gujarat -
390005, |
C06382089 |
* Date of charge modification
FIXED ASSETS
- Vehicles
- Office
Equipment
- Furniture and
Fixtures
- Computer
(Old)
- Computer
(New)
- Office
Building
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. 61.82 |
|
|
1 |
Rs. 96.55 |
|
Euro |
1 |
Rs. 77.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KLS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
42 |
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.