MIRA INFORM REPORT
|
Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
MOHAK CARPETS PRIVATE LIMITED. (w.e.f.12.06.2012) |
|
|
|
|
Formerly Known
As : |
MOHAK CARPETS & FLOORING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
17/2, Kennedy Avenue, Amritsar-143001, Punjab |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
11.06.2009 |
|
|
|
|
Com. Reg. No.: |
038761 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 44.331 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17100PB2009PTC038761 |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Carpet. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behavior : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The rating takes into consideration the ongoing delays in debt
servicing due to stressed liquidity position. However, Business is active. Payment terms are reported to be slow and
delayed. The company can be considered for business dealings on safe and
secured 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
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
slowly 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 Electro herm 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 Blue Ridge 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 willfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
On Mobile 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 = D |
|
Rating Explanation |
Expected to be in default |
|
Date |
May 29, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = D |
|
Rating Explanation |
Expected to be in default |
|
Date |
May 29, 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
|
Name : |
Mr. Tripathi |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-8595305533 |
|
Date : |
15.10.2014 |
LOCATIONS
|
Registered Office: |
17/2, Kennedy Avenue, Amritsar-143001, Punjab, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8595305533 (Mr. Tripathi) |
|
Fax No. |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. 8, Sector Mahilla
Udhyami, Park II, Ecotech III Greater
Noida - 201308 Uttar Pradesh, India |
|
Tel. No.: |
91-9560361177/66/88 |
|
Fax No. |
91-1202397076 |
|
E-Mail : |
DIRECTORS
As On 30.09.2013
|
Name : |
Mr. Surender Bajaj |
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Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H. NO-31, Sector-15A, G. B. Nagar,
Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
04.02.1960 |
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|
Date of Appointment : |
11.02.2013 |
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DIN No.: |
00547503 |
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Other
Directorship :
|
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|
Name : |
Mrs. Minal Bajaj |
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Designation : |
Director |
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|
Address : |
H. NO-31, Sector-15A, G.B. Nagar, Noida – 201301, Uttar Pradesh, India |
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Date of Birth/Age : |
02.11.1962 |
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Date of Appointment : |
11.06.2009 |
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DIN No.: |
00547610 |
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Other
Directorship :
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|
Name : |
Mr. Kabir Bajaj |
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|
Designation : |
Director |
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|
Address : |
H. NO-31, Sector-15A, G. B. Nagar, Noida – 201301, Uttar Pradesh,
India. |
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Date of Birth/Age : |
28.12.1990 |
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Date of Appointment : |
22.08.2009 |
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DIN No.: |
02744972 |
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KEY EXECUTIVES
|
Name : |
Mr. Tripathi |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2014
LIST OF ALLOTTEES:
|
Names of Shareholders |
|
No. of Shares |
|
Surind Bajaj |
|
379969 |
|
Minal Bajaj |
|
13333 |
|
Total |
|
393302 |
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Surind Bajaj |
1833412 |
41.36 |
|
Minal Bajaj |
1942265 |
43.81 |
|
Kabir Bajaj |
160650 |
3.62 |
|
Sohila Bajaj |
272083 |
6.14 |
|
Surender Bajaj & HUF |
224660 |
5.07 |
|
Total |
4433070 |
100.00 |
As on 31.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
94.93 |
|
Other top fifty shareholders |
5.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Carpet. |
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|
|
|
Products: |
|
|
|
|
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Exports : |
|
|
Products : |
Carpet |
|
Countries : |
Italy |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Italy |
|
|
|
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Terms : |
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Selling : |
Cash, L/C and Cheque |
|
|
|
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Purchasing : |
Cash, L/C and Cheque |
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) |
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Bankers : |
Central Bank of India, Parlament Street, New Delhi, India |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors1 : |
|
|
Name : |
Vipin Madan and Associates Chartered Accountants |
|
Address : |
A-1/234, First Floor, New Kondli, Mayur Vihar Phase – III, Delhi –
110096, New Delhi, India. |
|
Tel no.: |
91-11-22621456 |
|
Fax: |
Not Available |
|
Email: |
|
|
PAN No.: |
AKSPK6956B |
|
|
|
|
Auditors 2 : |
|
|
Name : |
Brahmananda and Company Chartered Accountants |
|
Address : |
C-316, B and C, Sector – 10, Noida – 201301, Uttar Pradesh, India |
|
Mob. No. |
9811222458 |
CAPITAL STRUCTURE
After 30.09.2013
Authorized Capital: Rs. 50.000 Millions
Issued, Subscribed & Paid-up Capital: Rs. 48.264 Millions
As On 30.09.2013
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
4500000 |
Equity Shares |
Rs. 10/- each |
Rs. 45.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
4433070 |
Equity Shares |
Rs. 10/-
each |
Rs. 44. 331 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 |
44.331 |
34.048 |
23.488 |
|
(b) Reserves & Surplus |
2.847 |
(53.550) |
37.240 |
|
(c) Money
received against share warrants |
0.000 |
31.034 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
24.977 |
|
Total
Shareholders’ Funds (1) + (2) |
47.178 |
11.532 |
85.705 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
255.929 |
247.224 |
221.251 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
20.594 |
0.000 |
|
(c) Other long term
liabilities |
4.782 |
3.485 |
3.940 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
260.711 |
271.303 |
225.191 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
96.348 |
74.202 |
66.354 |
|
(b) Trade
payables |
37.309 |
35.369 |
23.922 |
|
(c) Other
current liabilities |
2.949 |
4.532 |
9.396 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
136.606 |
114.103 |
99.672 |
|
|
|
|
|
|
TOTAL |
444.495 |
396.938 |
410.568 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
265.618 |
279.841 |
246.957 |
|
(ii)
Intangible Assets |
0.009 |
0.009 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
48.495 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
16.147 |
0.000 |
3.824 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
281.774 |
279.850 |
299.276 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
106.806 |
66.765 |
53.136 |
|
(c) Trade
receivables |
40.684 |
39.400 |
33.722 |
|
(d) Cash
and cash equivalents |
3.773 |
1.443 |
2.068 |
|
(e)
Short-term loans and advances |
11.158 |
9.246 |
22.277 |
|
(f) Other
current assets |
0.300 |
0.234 |
0.089 |
|
Total
Current Assets |
162.721 |
117.088 |
111.292 |
|
|
|
|
|
|
TOTAL |
444.495 |
396.938 |
410.568 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
470.747 |
190.027 |
80.242 |
|
|
|
Other Income |
17.737 |
1.076 |
1.005 |
|
|
|
TOTAL |
488.484 |
191.103 |
81.247 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL
(B) |
NA |
NA |
68.947 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX,DEPRECIATION, INTEREST AND AMORTISATION (C-D) (E) |
NA |
NA |
12.300 |
|
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION AND INTEREST |
NA |
NA |
24.846 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(0.907) |
(87.494) |
(12.546) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
(3.823) |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(0.907) |
(87.494) |
(8.723) |
|
|
|
|
|
|
|
|
|
|
EARNING IN
FOREIGN CURRENCY |
0.763 |
6.241 |
Nil |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
23.197 |
19.070 |
13.634 |
|
|
|
Stores & Spares |
1.028 |
0.000 |
0.000 |
|
|
|
Capital Goods |
0.000 |
0.000 |
61.928 |
|
|
|
Others |
0.000 |
0.000 |
0.051 |
|
|
TOTAL IMPORTS |
24.225 |
19.070 |
75.562 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.27) |
(25.70) |
(3.71) |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
570.000 |
|
|
|
|
|
Expected Sales (2014-15): Rs. 600.000 Millions.
The above information has been parted by Mr. Tripathi (Finance Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(0.19) |
(45.78) |
(10.74) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(0.19) |
(46.04) |
(15.64) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.21) |
(22.04) |
(3.50) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.02) |
(7.59) |
(0.15) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
7.47 |
27.87 |
3.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.03 |
1.12 |
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 |
23.488 |
34.048 |
44.330 |
|
Reserves & Surplus |
37.240 |
(53.550) |
2.847 |
|
Money received against share
warrants |
0.000 |
31.034 |
0.000 |
|
Share Application money
pending allotment |
24.977 |
0.000 |
0.000 |
|
Net
worth |
85.705 |
11.532 |
47.177 |
|
|
|
|
|
|
long-term borrowings |
221.251 |
247.224 |
255.929 |
|
Short term borrowings |
66.354 |
74.202 |
96.348 |
|
Total
borrowings |
287.605 |
321.426 |
352.277 |
|
Debt/Equity
ratio |
3.356 |
27.873 |
7.467 |
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 |
80.242 |
190.027 |
470.747 |
|
|
|
136.817 |
147.726 |
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 |
80.242 |
190.027 |
470.747 |
|
Profit |
(8.723) |
(87.494) |
(0.907) |
|
|
(10.87%) |
(46.04%) |
(0.19%) |
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
two years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------------------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
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 |
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 |
10411025 |
01/03/2013 |
348,700,000.00 |
CENTRAL BANK OF INDIA |
PARLIAMENT STREET BRANCH, JEEVAN TARA BUILDING, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B70467543 |
|
2 |
10351149 |
31/03/2012 |
16,400,000.00 |
CENTRAL BANK OF INDIA |
PARLIAMENT STREET BRANCH, JEEVAN TARA BUILDING, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B37991130 |
|
3 |
10351147 |
31/03/2012 |
30,000,000.00 |
CENTRAL BANK OF INDIA |
PARLIAMENT STREET BRANCH, JEEVAN TARA BUILDING, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B37991007 |
|
4 |
10225509 |
31/03/2012 * |
71,000,000.00 |
CENTRAL BANK OF INDIA |
PARLIAMENT STREET BRANCH, JEEVAN TARA BUILDING, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
B37991080 |
|
5 |
10191066 |
28/05/2010 * |
218,400,000.00 |
CENTRAL BANK OF INDIA |
PARLIAMENT STREET BRANCH, JEEVAN TARA BUILDING, PARLIAMENT STREET, NEW DELHI, DELHI - 110001, INDIA |
A87997409 |
FIXED ASSETS
- Land and
Building
- Plant and
Machinery
- Office
Equipment
- Vehicles
- Car
- Motor Cycle
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. 61.29 |
|
|
1 |
Rs. 98.62 |
|
Euro |
1 |
Rs. 78.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
|
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
14 |
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.