MIRA
INFORM REPORT
|
Report Date : |
29.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
ROYAL TOUCH FABLON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4, |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.12.1999 |
|
|
|
|
Com. Reg. No.: |
21-090687 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.101.591 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19202WB1999PTC090687 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALR03058G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR5842F |
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|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of FIBC Bulk Bags. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Exist |
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|
Comments : |
Subject is an established company having a moderate track record. Management has failed to file latest
financials of FY14, with the statutory authorities. As per available, the company possesses a moderate financial profile
marked by modest networth base and high working capital intensive operations. Management has witnessed a better increase in its sales volume,
whereas has reported a minimal net profitability during FY13. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of lack of updated financial the company can be considered for
business dealings with caution. |
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) |
|
|
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
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term Loan BB+ |
|
Rating Explanation |
(Suspended) Having moderate
risk of default regarding timely servicing of financial obligation. |
|
Date |
January 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Non Fund A4+ |
|
Rating Explanation |
(Suspended) Rating are
considered to have minimal degree of safety regarding timely payment of financial
obligation it carry very high credit risk and susceptible to default |
|
Date |
January 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Anupam |
|
Designation : |
Marketing |
|
Contact No.: |
91-33-22104413 |
|
Date : |
19.11.2014 |
LOCATIONS
|
Registered Office : |
4, |
|
Tel. No.: |
91-33-22104413/ 22421899/ 22104395/ 22104415/ 22425846 |
|
Fax No.: |
91-33-22425792 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
Begampur, |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Prakash Kandoi |
|
Designation : |
Director |
|
Address : |
1/1, |
|
Date of Birth/Age : |
19.10.1960 |
|
Qualification : |
Post Graduate |
|
Date of Appointment : |
02.12.1999 |
|
PAN No.: |
AGHPK2522L |
|
DIN No.: |
00589409 |
|
|
|
|
Name : |
Mr. Vikash Kandoi |
|
Designation : |
Director |
|
Address : |
4, |
|
Date of Birth/Age : |
07.08.1977 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
22.03.2004 |
|
PAN No.: |
AKPPK8382C |
|
DIN No.: |
00589438 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Prakash Kandoi |
2245250 |
21.56 |
|
Vikash Kandoi |
1924326 |
18.48 |
|
Pushpa Devi Kandoi |
1218343 |
11.70 |
|
Renu Devi Kandoi |
1021562 |
9.81 |
|
J.V. Polyplast Private Limited, |
2243549 |
21.54 |
|
Vikash Synthoplast (Private)
Limited, |
528520 |
5.07 |
|
Renuka Synthetics (Private) Limited, |
252500 |
2.42 |
|
Armstrong Packagings (Private) Limited, |
889950 |
8.54 |
|
Zigma Distributors (Private) Limited, |
18310 |
0.18 |
|
Jaivardhan Kandoi |
73050 |
0.70 |
|
Total
|
10,415,360 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
37.76 |
|
Directors or relatives of directors |
62.24 |
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of FIBC Bulk Bags. |
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Products : |
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Exports : |
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|
Products |
Finished goods |
|
Countries |
·
·
·
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Imports : |
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|
Products |
Raw materials |
|
Countries |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
State Bank of · ICICI Bank Limited · HDFC Bank ·
Axis Bank Limited (Lead Bank), Corporate
Banking Branch (CBB), 1, Shakespeare Sarani, AC Market, 3rd Floor, Kolkata -
700071, West |
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Facilities : |
(Rs.
In Millions)
|
|
Auditors : |
|
|
Name : |
S. Swarup and Company Chartered Accountants |
|
Address : |
21, Hemanta Basu, Sarani 3rd Floor, Room No. 303, Kolkata
– 700001, West |
|
PAN No.: |
ADMPG4819N |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs.125.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10415360 |
Equity Shares |
Rs.10/- each |
Rs.104.153
Millions |
|
|
|
|
|
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12500000 |
Equity Shares |
Rs.10/- each |
Rs.125.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10159110 |
Equity Shares |
Rs.10/- each |
Rs.101.591
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 |
101.591 |
99.091 |
97.843 |
|
(b) Reserves & Surplus |
296.202 |
256.007 |
212.731 |
|
(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) |
397.793 |
355.098 |
310.574 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
150.079 |
180.519 |
165.211 |
|
(b) Deferred tax liabilities (Net) |
21.896 |
16.706 |
12.309 |
|
(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) |
171.975 |
197.225 |
177.520 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
519.807 |
348.826 |
304.465 |
|
(b) Trade payables |
279.032 |
212.014 |
137.902 |
|
(c) Other current
liabilities |
45.739 |
56.301 |
51.482 |
|
(d) Short-term provisions |
31.674 |
19.670 |
13.620 |
|
Total Current Liabilities
(4) |
876.252 |
636.811 |
507.469 |
|
|
|
|
|
|
TOTAL |
1446.020 |
1189.134 |
995.563 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
307.950 |
277.368 |
207.478 |
|
(ii) Intangible Assets |
0.020 |
0.024 |
0.000 |
|
(iii) Capital
work-in-progress |
8.109 |
19.049 |
7.199 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
40.550 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
17.934 |
11.773 |
10.197 |
|
Total Non-Current Assets |
334.013 |
308.214 |
265.424 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
550.200 |
459.596 |
333.652 |
|
(c) Trade receivables |
454.262 |
332.214 |
196.233 |
|
(d) Cash and cash
equivalents |
13.763 |
11.465 |
7.251 |
|
(e) Short-term loans
and advances |
93.782 |
77.150 |
192.013 |
|
(f) Other current
assets |
0.000 |
0.495 |
0.990 |
|
Total Current Assets |
1112.007 |
880.920 |
730.139 |
|
|
|
|
|
|
TOTAL |
1446.020 |
1189.134 |
995.563 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
2535.452 |
1706.318 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
2376.578 |
1584.551 |
|
|
|
|
|
|
N.A |
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
158.874 |
121.767 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
86.898 |
74.242 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
71.976 |
47.525 |
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.583 |
17.516 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
50.393 |
30.009 |
28.047 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
17.698 |
10.448 |
(5.391) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
32.695 |
19.561 |
33.438 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
108.486 |
88.925 |
55.487 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
141.181 |
108.486 |
88.925 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.21 |
--- |
--- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.29 |
1.15 |
N.A |
|
|
|
|
|
|
|
Operating Profit Margin (PBITD/Sales) |
(%) |
6.27 |
7.14 |
N.A |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.50 |
2.56 |
2.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.08 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.68 |
1.49 |
1.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.38 |
1.44 |
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 |
97.843 |
99.091 |
101.591 |
|
Reserves & Surplus |
212.731 |
256.007 |
296.202 |
|
Net
worth |
310.574 |
355.098 |
397.793 |
|
|
|
|
|
|
long-term borrowings |
165.211 |
180.519 |
150.079 |
|
Short term borrowings |
304.465 |
348.826 |
519.807 |
|
Total
borrowings |
469.676 |
529.345 |
669.886 |
|
Debt/Equity
ratio |
1.512 |
1.491 |
1.684 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1706.318 |
2535.452 |
|
|
|
48.592 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1706.318 |
2535.452 |
|
Profit |
19.561 |
32.695 |
|
|
1.15% |
1.29% |
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
Other loans and advances |
0.000 |
9.400 |
|
Loans and advances from director |
4.000 |
0.000 |
|
Loans repayable on demand from others |
22.500 |
0.000 |
|
Total |
26.500 |
9.400 |
LITIGATION DETAILS
|
CALCUTTA HIGH COURT |
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|
CASE STATUS INFORMATION SYSTEM |
|||||||
|
Case Status : |
Pending |
|
|||||
|
Status of : |
COMPANY PETITIONS (CP) 441 of 2014 |
||||||
|
IN THE MATTER OF |
CORPORATE ISPAT ALLOYS VS.
ROYAL TOUCH PRIVATE LIMITED |
||||||
|
Pet’s Adv:- |
Choudhury and company |
Resp. Adv.: |
0 (0) |
||||
|
Court No. : |
23 |
Last listed on : |
Monday, November 03, 2014 |
||||
|
Category:- |
No Category Mentioned |
|
|
||||
Case update on: Friday, October 31, 2014 |
|||||||
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10507782 |
08/03/2014 |
397,500,000.00 |
ING VYSYA BANK LIMITED |
CITY CENTRE,, 19,SYNAGOGUE STREET, KOLKATA, West |
C10352185 |
|
2 |
10411630 |
08/03/2013 |
227,500,000.00 |
ICICI BANK LIMITED |
3A, GURUSADAY ROAD, 2ND FLOOR, KOLKATA, West Bengal - 700019, INDIA |
B70718358 |
|
3 |
10411700 |
06/03/2013 |
1,040,000.00 |
Axis Bank Limited |
RAC - Kolkata, Loards Building, 1st Floor, 7/1 Lo |
B70742416 |
|
4 |
10408361 |
25/01/2013 |
255,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH (CBB),, 1, SHAKESPEARE S |
B69742435 |
|
5 |
10278034 |
09/10/2013 * |
857,500,000.00 |
AXIS BANK LIMITED (LEAD BANK) |
CORPORATE BANKING BRANCH (CBB),, 1, SHAKESPEARE S |
B88620869 |
|
6 |
10256041 |
18/11/2010 |
246,327,000.00 |
AXIS BANK LIMITED |
CREDIT MANAGEMENT CENTRE (CMC),, 1, SHAKESPEARE S |
B01808104 |
|
7 |
10240347 |
09/10/2013 * |
857,500,000.00 |
AXIS BANK LIMITED (LEAD BANK) |
CORPORATE BANKING BRANCH (CBB),, 1, SHAKESPEARE S |
B88621834 |
|
8 |
90370777 |
01/10/2003 |
6,000,000.00 |
STATE BANK OF BIKANER & JAIPUR |
BRABOURNE ROAD BRANCH, 4 SYNAGOGUE STREET, KOLKAT |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Factory Building
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
Intangible Assets
· Computer software
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 records 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.61.97 |
|
|
1 |
Rs.97.36 |
|
Euro |
1 |
Rs.77.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
GAY |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.