MIRA
INFORM REPORT
|
Report Date : |
15.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
TIRUPATI IRON IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-16, Ground Floor, Raheja Centre, Free Press
Journal Marg, Nariman
Point, Mumbai – 400021, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.09.2005 |
|
|
|
|
Com. Reg. No.: |
11-156397 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.24.050 Millions |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of ferrous and non-ferrous metal. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Rating is constrained on account of intensely competitive steel
trading industry. However, overall financial position of the company is
decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealing 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
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift.
It highlights how as against 51 % in 2005, the emerging economies now account
for close to 56 % of the global purchasing power GDP as per the latest survey.
And with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the
political and economic development in the dragon economy and has figured out
something that is quite worrying. He is of the view that the Chinese economy
could be heading toward trouble on account of new Chinese President Xi Jingping’s very aggressive anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed
that asset classes like real estate and equities were the biggest beneficiaries
of the liberalization policies. A firm called Ciane
Analytics studied returns from assets including equities, gold, fixed deposits,
G-Secs and real estate since 1991. Real estate
outperformed every other asset classes during the 23-year period with an
annualized return of 20 % ! Equities came in second with annualized return of
15.5 % ! However, while these returns may seem mouthwatering, the fact is that
the return from equities adjusted for inflation came down to just 7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17
crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
01.09.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
01.09.2014 |
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. Amitha Jain |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-22-23483840 |
|
Date : |
13.09.2014 |
LOCATIONS
|
Registered Office : |
G-16, Ground Floor, Raheja Centre, Free Press
Journal Marg, Nariman
Point, Mumbai – 400021, Maharashtra, India |
|
Tel. No.: |
91-22-23483840 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
No. 4, Plot No. 52A, Baroda Street Carnac Bunder, Mumbai – 400009, Maharashtra,
India |
DIRECTORS
As on 26.09.2013
|
Name : |
Mr. Vikas Jain |
|
Designation : |
Director |
|
Address : |
701, A Wing Poonam
Apartment, Worli, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
01.04.1981 |
|
Date of Appointment : |
28.09.2006 |
|
DIN No.: |
00403825 |
|
PAN No.: |
AFAPJ3231K |
|
|
|
|
Name : |
Mr. Shyam Sunder Gupta |
|
Designation : |
Director |
|
Address : |
Bunglow No. 2, Paras
Lake View PNB Colony, Idgah, Bhopal – 462001,
Madhya Pradesh, India |
|
Date of Birth/Age : |
08.08.1984 |
|
Date of Appointment : |
28.09.2006 |
|
DIN No.: |
00970607 |
|
PAN No.: |
AFVPG3678N |
|
|
|
|
Name : |
Mr. Pradeep Kumar Jain |
|
Designation : |
Director |
|
Address : |
15 2 752, Osmangunj, Hyderabad – 500015,
Andhra Pradesh, India |
|
Date of Birth/Age : |
31.05.1966 |
|
Date of Appointment : |
18.11.2005 |
|
DIN No.: |
01377115 |
|
PAN No.: |
ABAPJ3572H |
|
|
|
|
Name : |
Mr. Manoj Kumar Gupta |
|
Designation : |
Director |
|
Address : |
Paras Lakeviw Bangla No. 2, PNB Colony Idgah
Hills, Bhopal – 462001, Madhya Pradesh, India |
|
Date of Birth/Age : |
30.07.1980 |
|
Date of Appointment : |
18.11.2005 |
|
DIN No.: |
01461225 |
|
PAN No.: |
AFZPG1151L |
KEY EXECUTIVES
|
Name : |
Mr. Amitha Jain |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2013
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Vikas Jain |
136500 |
5.68 |
|
Shyam Sunder Gupta |
367500 |
15.28 |
|
Manoj Kumar Gupta |
777000 |
32.31 |
|
Pradeep Kumar Jain |
1008000 |
41.91 |
|
Daulat Distributor Private Limited India |
77000 |
3.20 |
|
Parasnath Tradecom
Private Limited India |
39000 |
1.62 |
|
Total |
2405000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
95.18 |
|
Other top fifty shareholders |
4.82 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of ferrous and non-ferrous metal. |
GENERAL INFORMATION
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
· Oriental Bank of Commerce, Prabhadevi Branch, Aman Chambers, 1st Floor, Veer, Savarkar Marg, Opposite New Passport Office, Prabhadevi, Mumbai - 400025, Maharashtra, India ·
Reliance Capital Limited, "H" Block
1st Floor, Dhirubhai Ambani
Knowledge City, Koparkhairne, Navi
Mumbai - 400710, Maharashtra, India ·
Punjab Notational Bank, Nariman
Point, Mumbai, Maharashtra, India |
|
|
|
|
Facilities : |
· Working Capital: Rs. 130.000 Millions (From Oriental Bank of Commerce) · Working Capital: Rs. 160.000 Millions (From Punjab Notational Bank) |
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Financial Institute: |
3i Infotech Trusteeship Services
Limited, 3rd to 6th floor, International Infotech
Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai - 400703, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Jain V. and Company Chartered Accountants |
|
Address : |
25/31 Dr AM Road, Lalmani Building, 3rd Floor, Room No 11, Bhuleshwar-400002, Orissa, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFJ3493Q |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2405000 |
Equity Shares |
Rs.10/- each |
Rs. 24.050
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 |
24.050 |
24.050 |
24.050 |
|
(b) Reserves & Surplus |
121.630 |
99.153 |
77.565 |
|
(c) Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
10.000 |
12.200 |
|
Total
Shareholders’ Funds (1) + (2) |
145.680 |
133.203 |
113.815 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
160.709 |
132.637 |
107.002 |
|
(b) Deferred tax liabilities
(Net) |
0.284 |
0.300 |
0.379 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
160.993 |
132.937 |
107.381 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
119.938 |
38.574 |
0.000 |
|
(b) Trade payables |
515.018 |
355.158 |
159.040 |
|
(c) Other current liabilities |
1.000 |
1.000 |
1.000 |
|
(d) Short-term provisions |
40.445 |
27.756 |
16.734 |
|
Total
Current Liabilities (4) |
676.401 |
422.488 |
176.774 |
|
|
|
|
|
|
TOTAL |
983.074 |
688.628 |
397.970 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
18.213 |
20.606 |
22.141 |
|
(ii) Intangible Assets |
0.009 |
0.015 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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 |
72.176 |
65.486 |
41.707 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
90.398 |
86.107 |
63.848 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.336 |
0.336 |
0.000 |
|
(b) Inventories |
139.696 |
101.808 |
2.626 |
|
(c) Trade receivables |
607.956 |
412.851 |
232.391 |
|
(d) Cash and cash equivalents |
28.355 |
21.614 |
14.849 |
|
(e) Short-term loans and
advances |
116.333 |
65.912 |
84.256 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
892.676 |
602.521 |
334.122 |
|
|
|
|
|
|
TOTAL |
983.074 |
688.628 |
397.970 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1461.548 |
1129.906 |
679.422 |
|
|
Other Income |
4.664 |
3.032 |
4.246 |
|
|
TOTAL
(A) |
1466.212 |
1132.938 |
683.668 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1388.435 |
1065.923 |
636.172 |
|
|
Employees benefits expense |
10.662 |
8.820 |
5.716 |
|
|
Administrative expenses |
5.817 |
6.210 |
9.676 |
|
|
TOTAL
(B) |
1404.914 |
1080.953 |
651.564 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
61.298 |
51.985 |
32.104 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.700 |
16.454 |
11.074 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
37.598 |
35.531 |
21.030 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
2.448 |
3.000 |
2.634 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
35.150 |
32.531 |
18.396 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
12.673 |
10.944 |
6.420 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
22.477 |
21.587 |
11.976 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
9.35 |
8.98 |
4.98 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
1.53 |
1.91 |
1.75 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.40 |
2.88 |
2.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.58 |
4.72 |
4.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.24 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.93 |
1.29 |
0.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.43 |
1.89 |
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 |
24.050 |
24.050 |
24.050 |
|
Reserves & Surplus |
77.565 |
99.153 |
121.630 |
|
Share Application money
pending allotment |
12.200 |
10.000 |
0.000 |
|
Net
worth |
113.815 |
133.203 |
145.680 |
|
|
|
|
|
|
long-term borrowings |
107.002 |
132.637 |
160.709 |
|
Short term borrowings |
0.000 |
38.574 |
119.938 |
|
Total
borrowings |
107.002 |
171.211 |
280.647 |
|
Debt/Equity
ratio |
0.940 |
1.285 |
1.926 |
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) |
|
Sales |
679.422 |
1129.906 |
1461.548 |
|
|
|
66.304 |
29.351 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
679.422 |
1129.906 |
1461.548 |
|
Profit |
11.976 |
21.587 |
22.477 |
|
|
1.76% |
1.91% |
1.54% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: 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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE
The Registered Office of the company has been shifted from Mamta D Building, Flat No. 11, 1st Floor,
Opposite Chaitanya Towers, Prabhadevi,
Mumbai – 400025, Maharashtra, India to the present
address w.e.f. 01.10.2012
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10507964 |
04/02/2014 |
57,242,692.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C10461622 |
|
2 |
10454666 |
16/09/2013 |
160,000,000.00 |
PUNJAB NATIONAL BANK |
FORESHORE ROAD
BRANCH, 1ST FLOOR, RAHEJA CHEMBER |
B87388526 |
|
3 |
10295256 |
30/06/2011 |
49,850,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B16165821 |
|
4 |
10156558 |
23/02/2013 * |
135,000,000.00 |
ORIENTAL BANK OF COMMERCE |
PRABHADEVI BRANCH, AMAN CHAMBERS, 1ST FLOOR,VEER, SAVARKAR MARG,OPP. NEW PASSPORT OFFICE, PRABHADEVI, MUMBAI, MAHARASHTRA - 400025, INDIA |
B69871309 |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Buildings
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Other equipments
Intangible assets
· Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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 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.60.84 |
|
|
1 |
Rs.98.73 |
|
Euro |
1 |
Rs.78.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.