MIRA INFORM REPORT
|
Report Date : |
21.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHRI HARI EXTRUSION PRIVATE LIMITED (w.e.f. 24.08.2012) |
|
|
|
|
Formerly Known
As : |
SHRI HARI EXTRUSION LIMITED |
|
|
|
|
Registered
Office : |
Ashok Nagar, Plot No. G, Unit A, Near Bank of Baroda, Ground Floor,
Kandivali (East), Mumbai – 400101, Maharashtra |
|
|
|
|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.06.2000 |
|
|
|
|
Com. Reg. No.: |
11-127194 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH2000PTC127194 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS29998D |
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|
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PAN No.: [Permanent Account No.] |
Not Divulged |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Non-Ferrous Metal Rods. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Not Available |
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Comments : |
Subject is an established company having a moderate track. Management has failed to file latest financials for FY14 with the statutory
authorities. As per available record, external borrowings of the company appear to
be huge and increasing over previous year, which may act as a threat to the
liquidity position. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of extensive experience of the promoters, 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 |
CRISIL |
|
Rating |
Long Term Rating = BB- |
|
Rating Explanation |
Moderate risk of default regarding timely servicing of financial
obligations. |
|
Date |
20.10.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
20.10.2014 |
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
|
Name : |
Mr. Nirmal |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-28461966 |
|
Date : |
21.11.2014 |
LOCATIONS
|
Registered Office : |
Ashok Nagar, Plot No. G, Unit A, Near Bank of Baroda, Ground Floor,
Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Tel. No.: |
91-22-28461966/ 28842452/ 28463149/ 28463680 |
|
Fax No.: |
91-22-28871738 |
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E-Mail : |
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Website : |
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|
Factory : |
Plot No. 63-70, Gut 984 (Part), Old Satpatti Road, Village Shirgaon,
Palghar, District Thane, Maharashtra, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Vijay Mahavir Agarwal |
|
Designation : |
Director |
|
Address : |
Neelkanth, 6, Gulmohar Cross Road, J.V.P.D. Scheme, Andheri (West),
Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
28.02.1965 |
|
Date of Appointment : |
14.06.2000 |
|
DIN No.: |
00049722 |
|
|
|
|
Name : |
Mr. Kishore Rameschandra Gupta |
|
Designation : |
Director |
|
Address : |
Premesh 6B, Turner Road, Bandra (West), Mumbai – 400050, Maharashtra,
India |
|
Date of Birth/Age : |
15.05.1991 |
|
Date of Appointment : |
14.06.2000 |
|
DIN No.: |
00151606 |
KEY EXECUTIVES
|
Name : |
Mr. Nirmal |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Atlast Commodeal Private Limited, India |
|
1050000 |
|
Vijay M Agarwal |
|
225000 |
|
Sanjay M Agarwal |
|
89000 |
|
Ravi Gupta |
|
89000 |
|
Kavita S. Agarwal |
|
82000 |
|
Ashwin K Gupta |
|
72000 |
|
Rishi Gupta |
|
81000 |
|
Kishore Gupta |
|
72000 |
|
Sita Gupta |
|
81000 |
|
Kunal Agarwal |
|
27000 |
|
Sheetal Gupta |
|
26980 |
|
Narendra Gupta |
|
28000 |
|
Vivek Agarwal |
|
27000 |
|
Rajiv M Agarwal |
|
20 |
|
|
|
|
|
Total |
|
1950000 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
53.85 |
|
Directors
or relatives of directors |
46.15 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Non-Ferrous Metal Rods. |
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Products : |
Not Divulged |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Punjab National Bank, Goregaon (East) Branch,8, Cama
Industrial Estate, Valbhat Road, Goregaon (East), Mumbai - 400063,
Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Girish Patel and Company Chartered Accountants |
|
Address : |
F-103/104, Patel Nagar, M. G. Road, Kandivali (West), Mumbai – 400067,
Maharashtra, India |
|
Tel. No.: |
91-22-28075966 |
|
Mobile No.: |
91-9821578487 |
|
Income-tax
PAN of auditor or auditor's firm : |
ABTPP2155R |
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|
Enterprises
having same key management personnel and or their relatives : |
· Popular Brass Private Limited · Mank Industrial and Trading Company · Rameshchandra Mahavir Prashad and Company · Metal Extruders (India) Private Limited · Metal Extrudes and Converters Private Limited · Empris Construction Private Limited · Kavita Sadan Realators Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,950,000 |
Equity Shares |
Rs. 10/- each |
Rs. 29.500 Millions |
|
50,000 |
Preference Shares |
Rs. 10/- each |
Rs. 0.500 Million |
|
|
Total |
|
Rs. 30.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,950,000 |
Equity Shares |
Rs. 10/- each |
Rs.19.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.500 |
9.000 |
9.400 |
|
(b) Reserves & Surplus |
47.860 |
13.409 |
9.655 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
26.250 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
67.360 |
48.659 |
19.055 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
137.331 |
112.393 |
53.728 |
|
(b) Deferred tax liabilities (Net) |
5.453 |
0.980 |
0.700 |
|
(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) |
142.784 |
113.373 |
54.428 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
214.065 |
135.694 |
38.611 |
|
(b) Trade payables |
23.677 |
38.987 |
81.730 |
|
(c) Other current
liabilities |
18.963 |
16.119 |
10.090 |
|
(d) Short-term provisions |
5.820 |
0.378 |
0.478 |
|
Total Current Liabilities
(4) |
262.525 |
191.178 |
130.909 |
|
|
|
|
|
|
TOTAL |
472.669 |
353.210 |
204.392 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
143.612 |
14.563 |
7.867 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
39.597 |
1.652 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.259 |
41.906 |
11.950 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
150.896 |
96.091 |
21.494 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
83.840 |
79.393 |
35.314 |
|
(c) Trade receivables |
165.972 |
70.997 |
98.443 |
|
(d) Cash and cash
equivalents |
22.432 |
49.993 |
6.958 |
|
(e) Short-term loans
and advances |
49.529 |
56.736 |
42.183 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
321.773 |
257.119 |
182.898 |
|
|
|
|
|
|
TOTAL |
472.669 |
353.210 |
204.392 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
595.655 |
468.463 |
563.710 |
|
|
|
Other Income |
1.981 |
2.179 |
1.263 |
|
|
|
TOTAL |
597.636 |
470.642 |
564.973 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
|
435.241 |
457.534 |
|
|
|
Purchases of stock in trade |
|
7.233 |
57.854 |
|
|
|
Changes in inventories of finished goods, work in progress |
|
(25.272) |
7.718 |
|
|
|
Employee benefits Expenses |
|
6.974 |
6.766 |
|
|
|
Other Expenses |
|
30.778 |
18.563 |
|
|
|
TOTAL |
568.909 |
454.954 |
548.435 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(Including
Financial and Depreciation expenses) |
15.688 |
16.538 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
9.021 |
7.407 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
6.667 |
9.131 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
1.248 |
0.672 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
ITEM |
|
0.000 |
(0.469) |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
28.727 |
5.419 |
7.990 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
10.026 |
1.665 |
2.295 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
18.701 |
3.754 |
5.695 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
197.435 |
173.776 |
107.091 |
|
|
|
Trading Goods |
0.000 |
7.233 |
57.854 |
|
|
TOTAL IMPORTS |
197.435 |
181.009 |
164.945 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
20.78 |
4.17 |
7.05 |
|
|
|
Diluted
|
20.01 |
4.17 |
7.05 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.14 |
0.80 |
1.01 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
3.35 |
2.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.08 |
1.73 |
3.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.43 |
0.11 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
5.22 |
5.10 |
4.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.34 |
1.40 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
9.400 |
9.000 |
19.500 |
|
Reserves & Surplus |
9.655 |
13.409 |
47.860 |
|
Net worth |
19.055 |
22.409 |
67.360 |
|
|
|
|
|
|
long-term borrowings |
53.728 |
112.393 |
137.331 |
|
Short term borrowings |
38.611 |
135.694 |
214.065 |
|
Total borrowings |
92.339 |
248.087 |
351.396 |
|
Debt/Equity ratio |
4.846 |
11.071 |
5.217 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
563.710 |
468.463 |
595.655 |
|
|
|
-16.896 |
27.151 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
563.710 |
468.463 |
595.655 |
|
Profit |
5.695 |
3.754 |
18.701 |
|
|
1.01% |
0.80% |
3.14% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
|
|
|
|
|
Current maturities of long term debt |
11.656 |
11.746 |
7.012 |
|
|
|
|
|
|
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 |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10238247 |
30/11/2012 * |
215,000,000.00 |
PUNJAB NATIONAL BANK |
GOREGAON (EAST) BRANCH, 8 CAMA INDUSTRIAL ESTATE, WALBHAT ROAD, GOREGAON (EAST), MUMBAI - 400063, MAHARASHTRA, INDIA |
B64744980 |
|
2 |
90147772 |
30/11/2012 * |
290,000,000.00 |
PUNJAB NATIONAL BANK |
GOREGAON (EAST) BRANCH, 8 CAMA INDUSTRIAL ESTATE, WALBHAT ROAD, GOREGAON (EAST), MUMBAI - 400063, MAHARASHTRA, INDIA |
B64891054 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
67.175 |
68.119 |
|
Less: Interest accrued and due |
0.000 |
0.410 |
|
|
67.175 |
67.709 |
|
Loans from others |
20.368 |
2.567 |
|
|
|
|
|
Total |
87.543 |
70.276 |
OPERATIONS
During the period of its operations, the Company has earned income of Rs.
597.636 Millions. The total expenditure has amounted to Rs. 568.909 Millions.
The resulting profit after tax amounted to Rs. 18.701 Millions which has been
transferred to the Balance Sheet.
FIXED ASSETS:
· Plant and Machinery
· Electrical Installation
· Furniture and Fixture
· Factory Buildings
· Vehicles
· Air Conditioner
· Laboratory Equipments
· Computers
· Leasehold Improvement
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.62.10 |
|
|
1 |
Rs.97.32 |
|
Euro |
1 |
Rs.77.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.