MIRA INFORM REPORT
|
Report Date : |
11.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
PETRONAS LUBRICANTS (INDIA) PRIVATE LIMITED (w.e.f. 04.07.2012) |
|
|
|
|
Formerly Known
As : |
PETRONAS
MARKETING (INDIA) PRIVATE LIMITED (w.e.f. 06.10.2006) PRIMA
LUBRICANTS MARKETING (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No 204 & 205, Business Point 349, Western Express Highway,
Andheri, Mumbai - 400069 Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
10.01.2006 |
|
|
|
|
Com. Reg. No.: |
11-158785 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.148 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50500MH2006PTC158785 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP7818B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of marketing of lubricating oils and greases. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk
profile and losses incurred by the company from its operational activities. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing 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 illfully 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.
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
Management Non Cooperative (91-22-67717500)
LOCATIONS
|
Registered Office : |
Unit No 204 & 205, Business Point 349, Western Express Highway,
Andheri, Mumbai - 400069 Maharashtra, India |
|
Tel. No.: |
91-22-67717500 |
|
Fax No.: |
91-22-67257457 |
|
E-Mail : |
|
|
|
|
|
North- Regional
Office : |
12th Floor, Mohan Dev Building, 13, Tolstoy Marg, New Delhi – 110 001. |
|
Tel. No.: |
91-11-43593271-76 |
|
Fax No.: |
91-11-43593254 |
|
|
|
|
East- Regional
Office : |
Unit 404, 4th Floor, Vasundhara Building, 2/7, Sarat Bose Road, Kolkota – 700 020, West Bengal, India |
|
Tel. No.: |
91-33- 65335494 |
|
Fax No.: |
91- 33- 40033626 |
|
|
|
|
South- Regional
Office : |
0-713, 7th Floor, Spencer Plaza, No. 768 / 769, Anna Salai, Chennai – 600 002, Tamilnadu, India |
|
Tel. No.: |
9144- 42697649 UPTO 54 |
|
Fax No.: |
91-44-42697652 |
DIRECTORS
As on 10.09.2013
|
Name : |
Maliki Kamal Bin Mohd Yasin |
|
Designation : |
Director |
|
Address : |
Blok, A-20-1, JLN Seri Wangsa 2, Kondomiium Villawangsamas Wangsa Maju
53300, Kuala Lumpur 53300 |
|
Date of Birth/Age : |
29.07.1963 |
|
Date of Appointment : |
10.09.2013 |
|
DIN No.: |
06584970 |
|
|
|
|
Name : |
Mr. Abdul Majeed Bin Kkunheen |
|
Designation : |
Director |
|
Address : |
8-3-4 Endah Villa, Sri Petaling Kuala Lumpur 57000 |
|
Date of Birth/Age : |
22.03.1972 |
|
Date of Appointment : |
21.09.2011 |
|
DIN No.: |
03570597 |
|
|
|
|
Name : |
Mr. Rashidah Binti Alias |
|
Designation : |
Director |
|
Address : |
No 1, Jalan Bu 1/4, Taman Bukit Utama Bukit Antarabangsa,Ampang
Selangor 68000 |
|
Date of Birth/Age : |
24.06.1972 |
|
Date of Appointment : |
21.09.2011 |
|
DIN No.: |
03570601 |
|
|
|
|
Name : |
Mr. Giuseppe Pedretti |
|
Designation : |
Director |
|
Address : |
13-1, Oval East No. 5, Lorong Kuda Jln Tun Razak, 50450 Kuala
Lumpur 50450 |
|
Date of Birth/Age : |
01.01.1967 |
|
Date of Appointment : |
21.09.2011 |
|
DIN No.: |
Director |
|
|
|
|
Name : |
Mr. Amir Hamzah Azizan |
|
Designation : |
Director |
|
Address : |
No.11, Jalan Serene Kiara 3, Kuala Lumpur Wilayah, Persekutuan,
Malaysia – 50480 |
|
Date of Birth/Age : |
13.04.1967 |
|
Date of Appointment : |
28.03.2012 |
|
DIN No.: |
02008796 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Petronas Lubricants Africa Limited, Mauritius |
|
1514763 |
|
Petronas Trading Corporation SDN BHD, Malaysia |
|
01 |
|
Total |
|
1514764 |
As on 10.03.2014
|
Names of Allottee |
|
No. of Shares
Allotted |
|
Petronas Lubricants Africa Limited, Mauritius |
|
228635 |
|
Total |
|
228635 |
As on 10.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20289777_MIRA%2011-Oct-2014_files/image016.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of marketing of
lubricating oils and greases. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
B S R and Company Chartered Accountants |
|
Address : |
KPMG, 5th Floor, Lodha Excelus, Apollo Mills Compound, NM Joshi Marg, Mahalaxmi, Mumbai - 400 011, Maharashtra, India |
|
PAN No.: |
AAIFB4734C |
|
|
|
|
Fellow Subsidiary
Company : |
|
|
|
|
|
Ultimate Holding Company
: |
PETRONAS Lubricants International Sdn Bhd |
|
|
|
|
Holding Company : |
PETRONAS Lubricants Africa Limited |
|
|
|
|
Associate |
MITCO Labuan India Private Limited |
CAPITAL STRUCTURE
After 10.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,600,000 |
Equity Shares |
Rs.10/- each |
Rs.26.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,743,399 |
Equity Shares |
Rs.10/- each |
Rs.17.434 Millions |
|
|
|
|
|
As on 10.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,514,764 |
Equity Shares |
Rs.10/- each |
Rs.15.148 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 |
15.148 |
9.938 |
9.938 |
|
(b) Reserves & Surplus |
294.825 |
149.270 |
193.335 |
|
(c) Money
received against share warrants |
0.000 |
361.035 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
309.973 |
520.243 |
203.273 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
8.942 |
4.840 |
0.850 |
|
(d) long-term
provisions |
7.318 |
4.010 |
2.056 |
|
Total Non-current
Liabilities (3) |
16.260 |
8.850 |
2.906 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
280.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
614.461 |
798.678 |
441.590 |
|
(c) Other
current liabilities |
210.647 |
71.180 |
90.553 |
|
(d) Short-term
provisions |
0.521 |
0.322 |
0.068 |
|
Total Current
Liabilities (4) |
1105.629 |
870.180 |
532.211 |
|
|
|
|
|
|
TOTAL |
1431.862 |
1399.273 |
738.390 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
7.306 |
6.534 |
11.116 |
|
(ii)
Intangible Assets |
55.361 |
79.858 |
104.424 |
|
(iii)
Capital work-in-progress |
0.286 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.250 |
0.000 |
|
(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 |
10.551 |
54.883 |
37.072 |
|
(e) Other
Non-current assets |
3.321 |
0.789 |
0.000 |
|
Total Non-Current
Assets |
76.825 |
142.314 |
152.612 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
436.559 |
385.189 |
256.112 |
|
(c) Trade
receivables |
744.263 |
474.044 |
231.676 |
|
(d) Cash
and cash equivalents |
77.989 |
359.692 |
47.653 |
|
(e)
Short-term loans and advances |
41.997 |
31.649 |
50.305 |
|
(f) Other
current assets |
54.229 |
6.385 |
0.032 |
|
Total
Current Assets |
1355.037 |
1256.959 |
585.778 |
|
|
|
|
|
|
TOTAL |
1431.862 |
1399.273 |
738.390 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2874.490 |
2415.770 |
1631.840 |
|
|
|
Other Income |
9.580 |
4.380 |
0.740 |
|
|
|
TOTAL |
2884.070 |
2420.160 |
1632.580 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
3012.570 |
2409.570 |
1707.930 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(128.500) |
10.590 |
(75.350) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.320 |
22.020 |
0.130 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(131.820) |
(11.430) |
(75.480) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
32.150 |
32.350 |
29.660 |
|
|
|
|
|
|
|
|
|
Less |
Exceptional items (Prior period adjustment) |
0.000 |
0.000 |
(3.330) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(163.970) |
(43.780) |
(108.470) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
46.300 |
0.280 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(210.270) |
(44.060) |
(108.470) |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
(138.81) |
NA |
NA |
|
%20PRIVATE%20LIMITED%20-%20289777_MIRA%2011-Oct-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20289777_MIRA%2011-Oct-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20289777_MIRA%2011-Oct-2014_files/image005.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(7.29) |
(1.82) |
(6.64) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(5.70) |
(1.81) |
(6.44) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(11.45) |
(3.13) |
(14.24) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.53) |
(0.08) |
(0.52) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.90 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.44 |
1.10 |
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 |
9.938 |
9.938 |
15.148 |
|
Reserves & Surplus |
193.335 |
149.270 |
294.825 |
|
Money received against
share warrants |
0.000 |
361.035 |
0.000 |
|
Net worth |
203.273 |
520.243 |
309.973 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
280.000 |
|
Total borrowings |
0.000 |
0.000 |
280.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.903 |
%20PRIVATE%20LIMITED%20-%20289777_MIRA%2011-Oct-2014_files/image018.gif)
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 |
1631.840 |
2415.770 |
2874.490 |
|
|
|
48.040 |
18.989 |
%20PRIVATE%20LIMITED%20-%20289777_MIRA%2011-Oct-2014_files/image020.gif)
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 |
1631.840 |
2415.770 |
2874.490 |
|
Profit / (Loss) |
(108.470) |
(44.060) |
(210.270) |
|
|
(6.65%) |
(1.82%) |
(7.32%) |
%20PRIVATE%20LIMITED%20-%20289777_MIRA%2011-Oct-2014_files/image022.gif)
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 |
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 |
No |
|
24] |
Banking facility details |
No |
|
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 |
No |
BUSINESS REVIEW
The performance of the Company during the year was satisfactory considering the slowdown in the economy. The turnover recorded during the year was Rs 2874.490 millions as compared to Rs 2415.770 millions in the previous year, an increase of 19 %. The Company has incurred an negative EBITDA of Rs 128.500 millions as compared to EBIDTA of Rs 10.590 millions in corresponding previous year. The Company has incurred a loss after tax of Rs 210.270 millions as compared to Rs 44.060 millions. The Board is hopeful of better performance during the ensuing financial year.
OUTLOOK
Though during the current year the performance of the company was modest in line with economic trends yet the Directors expect the Company to do well in the coming years. The growth is expected to come back to trend lines and company would perform better during the ensuing financial year.
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from banks |
280.000 |
0.000 |
|
Total |
280.000 |
0.000 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Plant and equipment
- Furniture and fixtures
- Office equipment
- Computer equipments
- Other equipments
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.61.16 |
|
|
1 |
Rs.98.62 |
|
Euro |
1 |
Rs.77.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
HET |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
32 |
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.