MIRA
INFORM REPORT
|
Report Date : |
31.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
ALM METALS AND ALLOYS LIMITED |
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Registered
Office : |
Survey No.: 56, N.H. 8A Vaghasiya, Wankaner, District – |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
10.12.2010 |
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Com. Reg. No.: |
211287 |
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Capital
Investment / Paid-up Capital : |
Rs.7.113 Millions |
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CIN No.: [Company Identification
No.] |
U27100DL2010PLC211287 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA27406B |
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PAN No.: [Permanent Account No.] |
AAJCA0195L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Aluminum Alloys Ingots. |
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No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 63000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The company is continuously incurring losses. The rating also takes into consideration the company modest scale
operation in a highly competitive aluminium industry. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = (B+/Stable) |
|
Rating Explanation |
High risk of default. |
|
Date |
April 02, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A4 |
|
Rating Explanation |
Minimal degree of safety. It carry very high credit risk. |
|
Date |
April 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 PARTED BY
|
Name : |
Mr. Ashish Singh |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9537970000 |
|
Date : |
29.10.2014 |
LOCATIONS
|
Registered Office / Factory 1 : |
Survey No.: 56, N.H. 8A Vaghasiya, Wankaner, District – Rajkot
– 363621, |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9537970000 (Mr. Ashish Singh) |
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Fax No.: |
91-2266459322 |
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E-Mail : |
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Website : |
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Warehouse / Factory
2 : |
Gat No.: 225, Pune – Nasik Highway, Chakan, Nanekarwadi, Khed, Pune – 410501, Maharashtra, India |
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Factory 3 : |
Located At: · Kandla port · Ahmedabad |
DIRECTORS
AS ON 28.09.2013
|
Name : |
Aftab Ur Rab |
|
Designation : |
Whole-time director |
|
Address : |
ST-10, New Adarsh Nagar, Post Officehanoda, Hanoda, Durg – 491001, Chhattisgarh, India |
|
Date of Appointment : |
10.12.2010 |
|
DIN No. : |
00955569 |
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|
|
|
Name : |
Pragnesh Becharbhai Patel |
|
Designation : |
Additional director |
|
Address : |
Javasha Road, Suhani, Wankaner – 363622, Gujarat, India |
|
Date of Appointment : |
03.06.2013 |
|
DIN No. : |
01279528 |
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|
|
|
Name : |
Manavarur Rab |
|
Designation : |
Director |
|
Date of Appointment : |
10.12.2010 |
|
DIN No. : |
01456385 |
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|
|
|
Name : |
Asifur Syed Rab |
|
Designation : |
Director |
|
Address : |
Street - 10 , Ward -52, New Adarsh Nagar, Durg – 491001, Chhattisgarh, India |
|
Date of Appointment : |
10.12.2010 |
|
DIN No. : |
01960064 |
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|
|
Name : |
Masih Ur Rab |
|
Designation : |
Director |
|
Address : |
Street - 10 , Ward -52, New Adarsh Nagar, Durg – 491001, Chhattisgarh, India |
|
Date of Appointment : |
10.12.2010 |
|
DIN No. : |
01960141 |
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|
|
Name : |
Sanjay Agrawal |
|
Designation : |
Additional director |
|
Address : |
2/5, Nehru Nagar, West, Durg, Bhilai – 490023, Chhattisgarh, India |
|
Date of Appointment : |
03.06.2013 |
|
DIN No. : |
01962493 |
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|
|
Name : |
Surinder Awtar Singh Dhiman |
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Designation : |
Additional director |
|
Address : |
A1- 404, Prestige Gardens, Nitin Company, Almedia Road, Panchpakhadi, Thane – 400602, Maharashtra, India |
|
Date of Appointment : |
03.06.2013 |
|
DIN No. : |
06609962 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Singh |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Aftab Ur Rab |
295,625 |
|
Masih Ur Rab |
305,622 |
|
Manaur Ur Ra |
47,500 |
|
Asif Ur Rab |
62,500 |
|
Sanjay Agrawal |
1 |
|
Pragnesh Patel |
1 |
|
Surinder Singh Dhiman |
1 |
|
|
|
|
Total |
711,250 |
AS ON 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Aluminum Alloys Ingots. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Japan ·
Korea |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Dubai ·
South Africa |
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Terms : |
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Selling : |
Cash, Advance Payment, Credit |
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Purchasing : |
Cash, Advance Payment, Credit |
GENERAL INFORMATION
|
Suppliers : |
· Aakaash Enterprises · ANM Metals LLC · Chandan Hardware · Chirag Electric Stores · GSPC Gas Company Limited · Prajapati Motor Rewinding |
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
· Central Bank of India Limited, Morvi - 363641, Gujarat, India · HDFC Bank |
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Facilities : |
NOTE : LONG TERM
BORROWINGS Term Loan from the HDFC
Bank of Rs 0.230 Million is secured against hypothecation of car. These loans
are repayable in monthly instalments average rate of interest being 11.50%
p.a. Term Loan from Central
Bank Rs 13.076 Millions was secured against hypothecation of plant &
machinery, it was further secured by guarantee of directors.) These loans are
repayable in monthly instalments average rate of interest being 14.25% p.a. SHORT TERM
BORROWINGS Cash Credit from Central
Bank Rs 4.348 Millions is secured against hypothecation of Stock &
Debtors, it was further secured by guarantee of directors.) These loan
carried an average rate of interest being 13.75% p.a. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deepankar Samaddar and associates Chartered Accountants |
|
Address : |
303, Farishta Complex, Durg – 491001, Chattisgarh, India |
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PAN No.: |
AAHFD4382M |
CAPITAL STRUCTURE
AFTER 28.09.2013
Authorised Capital :
Rs.20.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.12.071 Millions
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
711,250 |
Equity Shares |
Rs.10/- each |
Rs.7.113 Millions |
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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 |
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|
|
|
(a) Share Capital |
7.113 |
7.113 |
0.800 |
|
(b) Reserves &
Surplus |
14.910 |
16.696 |
0.000 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
4.800 |
|
Total Shareholders’ Funds
(1) + (2) |
22.023 |
23.809 |
5.600 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
16.032 |
21.098 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
2.202 |
0.313 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.013 |
0.013 |
0.000 |
|
Total Non-current
Liabilities (3) |
18.247 |
21.424 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4.348 |
14.349 |
0.000 |
|
(b) Trade payables |
70.595 |
27.514 |
0.000 |
|
(c) Other current
liabilities |
6.858 |
14.114 |
0.798 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
81.801 |
55.977 |
0.798 |
|
|
|
|
|
|
TOTAL |
122.071 |
101.210 |
6.398 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
49.126 |
46.922 |
1.964 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
1.577 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.237 |
1.832 |
0.075 |
|
(e) Other Non-current
assets |
2.714 |
2.177 |
0.000 |
|
Total Non-Current Assets |
53.077 |
50.931 |
3.616 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
37.879 |
33.179 |
0.000 |
|
(c) Trade receivables |
15.610 |
5.873 |
0.000 |
|
(d) Cash and cash
equivalents |
1.544 |
4.595 |
1.905 |
|
(e) Short-term loans and
advances |
12.687 |
6.632 |
0.000 |
|
(f) Other current assets |
1.274 |
0.000 |
0.877 |
|
Total Current Assets |
68.994 |
50.279 |
2.782 |
|
|
|
|
|
|
TOTAL |
122.071 |
101.210 |
6.398 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
152.460 |
6.043 |
0.000 |
|
|
Other Income |
1.157 |
0.032 |
0.000 |
|
|
TOTAL (A) |
153.617 |
6.075 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
131.589 |
19.133 |
|
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(7.205) |
(15.407) |
|
|
|
Employees benefits
expense |
7.143 |
0.936 |
|
|
|
Other expenditure |
15.599 |
2.755 |
|
|
|
TOTAL (B) |
147.126 |
7.417 |
0.000 |
|
|
|
|
|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
6.491 |
(1.342) |
0.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
4.304 |
0.453 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
2.187 |
(1.795) |
0.000 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.085 |
0.133 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
0.102 |
(1.928) |
0.000 |
|
|
|
|
|
|
|
Less |
TAX (H) |
1.888 |
0.314 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
(1.786) |
(2.242) |
0.000 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
8.603 |
5.718 |
0.000 |
|
|
TOTAL EARNINGS |
8.603 |
5.718 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(2.51) |
(9.74) |
0.00 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
350.000 |
|
|
|
|
|
Expected Sales ( 2014-2015 ) : Rs.600.000 Millions
The above information has been parted by Mr. Ashish Singh
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(1.16) |
(36.91) |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.07 |
(31.90) |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.08 |
(1.90) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
(0.08) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.93 |
1.49 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current
Asset/Current Liability) |
|
0.84 |
0.90 |
3.49 |
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 |
0.800 |
7.113 |
7.113 |
|
Reserves & Surplus |
0.000 |
16.696 |
14.910 |
|
Share Application money pending allotment |
4.800 |
0.000 |
0.000 |
|
Net worth |
5.600 |
23.809 |
22.023 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
21.098 |
16.032 |
|
Short term borrowings |
0.000 |
14.349 |
4.348 |
|
Total borrowings |
0.000 |
35.447 |
20.380 |
|
Debt/Equity ratio |
0.000 |
1.489 |
0.925 |
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 |
0.000 |
6.043 |
152.460 |
|
|
|
|
2,422.919 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
|
6.043 |
152.460 |
|
Profit |
|
(2.242) |
(1.786) |
|
|
|
(37.10%) |
(1.17%) |
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 four 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 |
Yes |
|
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 |
No |
|
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 |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10329656 |
15/11/2013 * |
109,400,000.00 |
CENTRAL BANK OF INDIA
LIMITED |
MORVI, BAL MANDIR
BUILDING, OPPOSITE V.C.HIGH SCH |
C10513240 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans
& Advances from Related Parties * |
7.133 |
8.133 |
|
|
|
|
|
Total |
|
|
|
NOTE : LONG TERM
BORROWINGS *
Unsecured Loan bought in by directors in stipulation with term loan from
central bank. |
||
NOTE :
The registered office of the company has been shifted from 5623, Third Floor, Basti Harpool Singh, Sadar Bazar, New Delhi – 110006 to the present address.
FIXED ASSETS
· Land
· Building
· Computer and Computer Perifilles
· Furniture and Fixtures
· Vehicle
· Plant and Machinery
· Office equipment
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.61.46 |
|
|
1 |
Rs.98.21 |
|
Euro |
1 |
Rs.77.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.