MIRA INFORM REPORT
|
Report Date : |
08.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
NILKAMAL BITO STORAGE SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
77-78, Nilkamal House, Road No.13-14, MIDC, Andheri (East) Mumbai –
400093, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.04.2006 |
|
|
|
|
Com. Reg. No.: |
11-161327 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.44.400
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63020MH2006PTC161327 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN13742B |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
The company is engaged in the business of Material Handling Storage
Systems. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a 50:50 Joint Venture between Nilkamal Limited, India, and
BITO. It is an established company having satisfactory track. The company possesses an acceptable financial profile marked by adequate
networth base and a substantial improvement in the operational performance on
account of enhanced scale of operations.
Management has achieved a better increase in its sales volume as well
as net profitability resulting into wiping off a part of its accumulated
losses which are over shadowed by the securities premium reported in the
books during FY14. Trade relations are reported as fair. Business is active. Payment
terms are reported as usually correct. In view of the synergies earned from the joint venture in terms of
marketing, sales and technical support, 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.
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 = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
19.02.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities = A3 |
|
Rating Explanation |
Minimal degree of safety and higher credit risk. |
|
Date |
19.02.2014 |
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 DENIED
Management Non-Cooperative
Contact No.: 91-22-28361366
LOCATIONS
|
Registered/ Admin. Office : |
77-78, Nilkamal House, Road No.13-14, MIDC, Andheri (East) Mumbai –
400093, Maharashtra, India |
|
Tel. No.: |
91-22-26818888/ 28361366/ 26818653 |
|
Fax No.: |
91-22-28210920/ 28361923/ 28367891 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Industrial Growth Centre, Phase – II, SAMBA, Jammu and Kashmir –
184121, India |
|
Tel. No.: |
91-1923-2317770/1/2/3 |
|
Location : |
Leased |
|
|
|
|
Regional Offices
: |
Located at: · Ahmedabad · Aurangabad · Bangalore · Chandigarh · Chennai · Cochin · Coimbatore · Dehradun · Delhi · Faridabad · Ghaziabad · Goa · Gurgaon · Guwahati · Indore · Jaipur · Jamshedpur · Kanpur · Kolkata · Ludhiana · Madurai · Nashik · Noida · Pune · Secunderabad · Surat |
DIRECTORS
AS ON 30.07.2014
|
Name : |
Mr. Nayan Sharad Parekh |
|
Designation : |
Director |
|
Address : |
Nain Basera, 39 8th Road, JVPD Scheme, Vile Parle, Mumbai –
400056, Maharashtra, India |
|
Date of Birth/Age : |
08.03.1972 |
|
Date of Appointment : |
24.04.2006 |
|
Voter ID : |
MT/08/038/285342 |
|
DIN No.: |
00037597 |
|
|
|
|
Name : |
Mr. Hiten Vamanrai Parekh |
|
Designation : |
Director |
|
Address : |
36, Naman, 11th Road, JVPD Scheme, Vile Parle, Mumbai –
400049, Maharashtra, India |
|
Date of Birth/Age : |
27.05.1963 |
|
Date of Appointment : |
24.04.2006 |
|
Voter ID : |
MT/08/038/279421 |
|
DIN No.: |
00037550 |
|
|
|
|
Name : |
Mr. Manish Vamanrai Parekh |
|
Designation : |
Director |
|
Address : |
Prabhu Prem, 12th Road, JVPD Scheme, Vile Parle, Mumbai – 400049,
Maharashtra, India |
|
Date of Birth/Age : |
04.02.1969 |
|
Date of Appointment : |
24.04.2006 |
|
Voter ID : |
MT/08/038/279603 |
|
DIN No.: |
00037724 |
|
|
|
|
Name : |
Mr. Detlef Willi Ganz |
|
Designation : |
Director |
|
Address : |
AUF DER Beind 14, 55590 Meisenheim, Germany, Meisenheim |
|
Date of Birth/Age : |
01.09.1964 |
|
Date of Appointment : |
24.04.2006 |
|
Date of cessation : |
01.12.2013 |
|
DIN No.: |
00946056 |
|
|
|
|
Name : |
Mr. Bernd Gruendemann |
|
Designation : |
Director |
|
Address : |
Breidenborner Strasse 3, Kaiserslautern Germany 67657 Kaiserslautern |
|
Date of Birth/Age : |
09.06.1969 |
|
Date of Appointment : |
23.10.2007 |
|
Date of cessation : |
22.03.2012 |
|
DIN No.: |
02150040 |
|
|
|
|
Name : |
Mr. Robert Erhard Schillinger |
|
Designation : |
Director |
|
Address : |
AM Eichenhain 67745 Grumbach Germany, Grumbach |
|
Date of Birth/Age : |
13.10.1963 |
|
Date of Appointment : |
24.04.2006 |
|
DIN No.: |
00946110 |
|
Name : |
Sameer Oberoi |
|
Designation : |
Director |
|
Address : |
A-18, Chittaranjan Park, New Delhi – 110019, India |
|
Date of Birth/Age : |
16.10.1968 |
|
Date of Appointment : |
22.03.2012 |
|
Voter ID No. : |
JVG0953927 |
|
DIN No. : |
00105414 |
|
|
|
|
Name : |
Michael Karl Knecht |
|
Designation : |
Director |
|
Address : |
Hochstrabe 10, Germany |
|
Date of Birth/Age : |
27.12.1983 |
|
Date of Appointment : |
30.07.2014 |
|
DIN No. : |
06828606 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.07.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Nilkamal Limited, India |
|
2220000 |
|
Bito Lagertechnik Bittmann Gmbh, Germany |
|
2220000 |
|
|
|
|
|
Total |
|
4440000 |
AS ON 30.07.2014
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
50.00 |
|
Bodies corporate |
|
50.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of Material Handling Storage
Systems. |
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|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
NOTE : LONG TERM
BORROWINGS Security : Term loans sanctioned from the State Bank of India is secured on pari passu basis by a first charge on entire assets of the company and second pari passu charge on entire current assets of the company which carries interest rate of Bank rate plus margin (285 basis point). The term loans is repayable in equal monthly installment, last due in March 2016. SHORT TERM BORROWINGS Security : Cash Credit facility from State Bank of India and
Industrial Development Bank of India Limited are first charge on entire
current assets of the company and second pari passu basis on the company’s
fixed assets. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
BSR and Associates LLP Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound,N M Joshi Marg,
Mahalaxmi, Mumbai – 400011, Maharashtra, India |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Joint Venture : |
· Nilkamal Limited · Bito Lagertechnik Bittmann, Gmbh |
|
|
|
|
Associates/Subsidiaries : |
· Nilkamal Eswarun Plastics (Private) Limited |
|
|
|
|
Enterprise owned or significantly influenced by the joint venture
partners, where transaction have taken place. |
· Nilkamal Crates and Bins, FZE · Cambro Nilkamal Private Limited |
|
|
|
|
Enterprises owned or significantly influenced by Key Management Personnel or their relatives
where transactions have taken place. |
· Nilkamal Crates and Containers |
CAPITAL STRUCTURE
AS ON 30.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Share |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4440000 |
Equity Share |
Rs.10/- each |
Rs.44.400
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 |
44.400 |
44.400 |
44.400 |
|
(b) Reserves & Surplus |
344.580 |
275.219 |
254.382 |
|
(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) |
388.980 |
319.619 |
298.782 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9.563 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
4.852 |
3.989 |
1.566 |
|
Total
Non-current Liabilities (3) |
14.415 |
3.989 |
1.566 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
21.522 |
70.781 |
37.621 |
|
(b) Trade payables |
46.616 |
68.988 |
75.074 |
|
(c) Other current liabilities |
31.954 |
28.844 |
27.368 |
|
(d) Short-term provisions |
3.081 |
3.938 |
5.067 |
|
Total
Current Liabilities (4) |
103.173 |
172.551 |
145.130 |
|
|
|
|
|
|
TOTAL |
506.568 |
496.159 |
445.478 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
182.204 |
205.137 |
199.039 |
|
(ii) Intangible Assets |
1.937 |
4.240 |
0.182 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
2.030 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.426 |
2.035 |
3.712 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
190.567 |
211.412 |
204.963 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
75.375 |
98.020 |
92.326 |
|
(c) Trade receivables |
158.775 |
156.808 |
130.987 |
|
(d) Cash and cash equivalents |
62.785 |
2.625 |
2.575 |
|
(e) Short-term loans and
advances |
15.635 |
23.990 |
9.654 |
|
(f) Other current assets |
3.431 |
3.304 |
4.973 |
|
Total
Current Assets |
316.001 |
284.747 |
240.515 |
|
|
|
|
|
|
TOTAL |
506.568 |
496.159 |
445.478 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
TOTAL
TURNOVER |
783.951 |
736.073 |
488.200 |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
63.961 |
21.603 |
49.237 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
3.277 |
6.349 |
1.342 |
|
|
Exports of Services |
12.461 |
5.973 |
0.000 |
|
|
TOTAL
EARNINGS |
15.738 |
12.322 |
1.342 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
11.143 |
6.680 |
14.089 |
|
|
Components and Stores parts |
0.000 |
0.040 |
0.141 |
|
|
TOTAL
IMPORTS |
11.143 |
6.720 |
14.230 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
15.62 |
4.87 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.08 |
0.22 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.06 |
1.65 |
1.66 |
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 |
44.400 |
44.400 |
44.400 |
|
Reserves & Surplus |
254.382 |
275.219 |
344.580 |
|
Net
worth |
298.782 |
319.619 |
388.980 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
9.563 |
|
Short term borrowings |
37.621 |
70.781 |
21.522 |
|
Total
borrowings |
37.621 |
70.781 |
31.085 |
|
Debt/Equity
ratio |
0.126 |
0.221 |
0.080 |
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 Turnover |
488.200 |
736.073 |
783.951 |
|
|
|
50.773 |
6.505 |
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 Turnover |
488.200 |
736.073 |
783.951 |
|
Profit/(Loss) After Tax |
49.237 |
21.603 |
63.961 |
|
|
10.09% |
2.93% |
8.16% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG TERM DEBTS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
Current Maturities of Long Term Debts |
9.996 |
0.000 |
NA |
|
|
|
|
|
|
Total |
9.996 |
0.000 |
NA |
|
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 |
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 |
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 |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10041695 |
08/03/2013 * |
251,600,000.00 |
State Bank of India |
Commercial Branch,, N. G. N. Vaidya Marg,
Fort,, |
B71086573 |
|
2 |
10106728 |
08/03/2013 * |
251,600,000.00 |
State Bank of India |
Commercial Branch,, N. G. N. Vaidya Marg,
Fort,, |
B71082168 |
* Date of charge modification
FINANCIALS:
During the year,
the company has performed satisfactory. The total turnover of the company went
up from Rs. 736.073 Millions for the last year to Rs. 783.951 Millions for the
current year and resulting in growth in profit from Rs. 21.603 Millions to Rs.
63.961 Millions for the current year.
BACKGROUND
The company was incorporated on 24th
April 2006, as a private limited company. The company is a 50:50 joint venture
between Nilkamal Limited India BITO langertechnik, Gmbh. The company is engaged
in the business of Material Handling Storage Systems.
FIXED ASSETS:
· Leasehold
· Building
· Plant and Machinery
· Electrical Installations and Equipment
· Computer
· Office Equipment
· Furniture and Fixture
· Vehicles
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.61.35 |
|
|
1 |
Rs.98.71 |
|
Euro |
1 |
Rs.77.47 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
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 |
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 |
|
45 |
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.