MIRA
INFORM REPORT
|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
UNI-DESIGN JEWELLERY PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
PRESTIGE JEWELLERY EXPORTS PRIVATE LIMITED |
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Registered
Office : |
Plot No.4 5 And 6 (Part) Seepz, Andheri (East), Mumbai-400096, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
11.07.1989 |
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Com. Reg. No.: |
11-052544 |
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|
Capital Investment
/ Paid-up Capital : |
Rs.63.900 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36911MH1989PTC052544 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturing and Exporting of Plain and Diamond Studded Gold and
Platinum Jewellery. |
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|
No. of
Employees: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Exists |
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Comments : |
Subject is an established company having satisfactory track. Profitability of the company seems to be low. However, general
financial position of the company is decent. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks over
coal supply contracts, uncertainty over cancellation of blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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 (91-22-6668100)
LOCATIONS
|
Registered Office : |
Plot No.4 5 And 6 (Part) Seepz, Andheri (East), Mumbai-400096, |
|
Tel. No.: |
91-22-66681000 |
|
Fax No.: |
91-22-66681050 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 16.09.2013
|
Name : |
Mr. Raj Hiten Parikh |
|
Designation : |
Director |
|
Address : |
41, Laxmi Vilas, 87, |
|
Date of Birth/Age : |
21.12.1981 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
08.11.2004 |
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DIN : |
00921828 |
|
PAN No.: |
AGSPP6664E |
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|
|
|
Name : |
Mr. |
|
Designation : |
Director |
|
Address : |
15-A, Next To Khatau Condominium, J. Mehta Marg, Mumbai-400006, |
|
Date of Birth/Age : |
06.07.1963 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
30.11.1994 |
|
DIN : |
00256411 |
|
PAN No.: |
AADPP0814G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 16.09.2013
|
Names of Shareholders Equity Shares : |
No. of Shares |
|
Mr. Jitendra Chimanlal Parikh |
4000 |
|
Mr. |
2000 |
|
Mr.Diarough N. V., |
71120 |
|
Mr. Saunak Jitendra Parikh |
1600 |
|
United Kingdom-Design Jewellery Holding LLP, |
60280 |
|
Total |
139000 |
|
|
|
|
Preference
Shares : |
|
|
Diarough N. V., |
5000000 |
|
Total |
5000000 |
Equity Share Break up (Percentage of Total Equity)
As on 16.09.2013
|
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 |
51.17 |
|
Bodies corporate |
43.37 |
|
Directors or relatives of Directors |
5.46 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Exporting of Plain and Diamond Studded Gold and
Platinum Jewellery. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
· The Royal Bank of Scotland N V, 7th Floor, Sakhar Bhavan, Nariman Point,, Mumbai - 400021, Maharashtra, India ·
ABN AMRO Bank, 74, Sakhar Bhavan, 7th
Floor, Nariman Point, Mumbai-40021, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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|
Name : |
Sampat Mehta and Associates Chartered Accountants |
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Address : |
Kapur Mansion, 47 Hughes Road,Mumbai-400007, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS1266J |
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Holding company: |
· Diarough NV |
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|
|
Enterprises owned or
significantly influenced / controlled by key management personnel where there
are transactions: |
· Mahendra Brothers Exports Private Limited, India [U52393MH2007PTC169724] · Uni-Design Elite Jewellery Private Limited, India [U67120MH1995PTC088974] · Uni-Design Jewellery (India) Private Limited, India [U36912MH2000PTC126428] · Uni Design Jewellery Holdings LLP (w.e.f 25th May, 2010) · Uni Creation Inc |
|
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|
Subsidiary company |
· Uni Design Europe bvba · Uni Design Far East Limited |
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Fellow Subsidiary Company: |
· Diarough (Hong Kong) Limited · Cavrois Uni- D SA · Uni Design Canada (UDC) Inc |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
150,000 |
Equity Shares |
Rs. 100/- each |
Rs.15.000 Millions |
|
5,010,000 |
Preference Shares |
Rs. 10/- each |
Rs. 50.100 Millions |
|
|
Total
|
|
Rs.65.100
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
139,000 |
Equity Shares |
Rs. 100/- each |
Rs.13.900
Millions |
|
5,000,000 |
Preference Shares |
Rs. 10/- each |
Rs.50.000
Millions |
|
|
Total
|
|
Rs.63.900
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 |
63.900 |
63.900 |
63.900 |
|
(b) Reserves & Surplus |
489.344 |
475.287 |
473.966 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
553.244 |
539.187 |
537.866 |
|
|
|
|
|
|
(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 |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
10.234 |
7.580 |
6.078 |
|
Total
Non-current Liabilities (3) |
10.234 |
7.580 |
6.078 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
528.415 |
364.693 |
327.752 |
|
(b) Trade payables |
308.441 |
465.271 |
223.770 |
|
(c) Other current liabilities |
6.920 |
2.763 |
10.918 |
|
(d) Short-term provisions |
4.669 |
4.705 |
2.102 |
|
Total
Current Liabilities (4) |
848.445 |
837.432 |
564.542 |
|
|
|
|
|
|
TOTAL |
1411.923 |
1384.199 |
1108.486 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
269.818 |
207.073 |
58.865 |
|
(ii) Intangible Assets |
0.749 |
0.156 |
0.194 |
|
(iii) Capital work-in-progress |
0.000 |
15.825 |
62.539 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
105.842 |
223.072 |
360.857 |
|
(c) Deferred tax assets (net) |
1.354 |
1.631 |
2.995 |
|
(d) Long-term Loan and Advances |
3.778 |
2.403 |
1.984 |
|
(e) Other Non-current assets |
25.434 |
31.740 |
24.519 |
|
Total
Non-Current Assets |
406.975 |
481.900 |
511.953 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
560.291 |
455.070 |
353.645 |
|
(c) Trade receivables |
424.302 |
410.136 |
222.025 |
|
(d) Cash and cash equivalents |
10.325 |
32.612 |
15.549 |
|
(e) Short-term loans and
advances |
9.312 |
4.481 |
5.314 |
|
(f) Other current assets |
0.718 |
0.000 |
0.000 |
|
Total
Current Assets |
1004.948 |
902.299 |
596.533 |
|
|
|
|
|
|
TOTAL |
1411.923 |
1384.199 |
1108.486 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
1816.437 |
1799.827 |
1351.792 |
|
|
Other Income |
|
|
|
|
|
TOTAL
|
1816.437 |
1799.827 |
1351.792 |
|
|
|
|
|
|
|
Less |
EXPENSES |
1763.680 |
1772.085 |
1318.958 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
52.757 |
27.742 |
32.834 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
33.277 |
18.533 |
7.305 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
19.480 |
9.209 |
25.529 |
|
|
|
|
|
|
|
Less |
TAX |
3.099 |
5.564 |
5.745 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
16.381 |
3.645 |
19.784 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1798.971 |
1788.906 |
1288.501 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
325.947 |
201.704 |
127.904 |
|
|
Components and Stores parts |
5.759 |
3.523 |
6.043 |
|
|
Capital Goods |
19.783 |
18.127 |
15.435 |
|
|
TOTAL
IMPORTS |
351.489 |
223.354 |
149.382 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.19 |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.90 |
0.20 |
1.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.49 |
0.81 |
3.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.02 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.96 |
0.68 |
0.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.08 |
1.06 |
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 |
63.900 |
63.900 |
63.900 |
|
Reserves & Surplus |
473.966 |
475.287 |
489.344 |
|
Net
worth |
537.866 |
539.187 |
553.244 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
327.752 |
364.693 |
528.415 |
|
Total
borrowings |
327.752 |
364.693 |
528.415 |
|
Debt/Equity
ratio |
0.609 |
0.676 |
0.955 |
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) |
|
Total Income |
1351.792 |
1799.827 |
1816.437 |
|
|
|
33.144 |
0.923 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1351.792 |
1799.827 |
1816.437 |
|
Profit |
19.784 |
3.645 |
16.381 |
|
|
1.46% |
0.20% |
0.90% |
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 |
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 |
Yes |
|
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 |
No |
LITIGATION DETAILS
CASE DETAILS
BENCH:-BOMBAY
|
Lodging No.:- |
ITXAL/950/2010 |
Filing Date:- |
09/04/2010 |
Reg. No.:- |
ITXA/5348/2010 |
Reg. Date:- |
07/09/2010 |
|
|
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX -8 MUMBAI |
Respondent:- |
UNI DESIGN JEWELLERY PVT. LTD. |
|
|
|
Petn.Adv.:- |
Suresh Kumar |
Resp.Adv.:- |
M/S S P Mehta |
|
|
|
District:- |
MUMBAI |
|
|
|
Bench:- |
DIVISION |
|
|
|
|
|
Status:- |
Admitted(Unready) |
Category:- |
TAX APPEALS |
|
|
|
Last Date:- |
13/02/2012 |
Stage:- |
APPEALS FOR ADMISSION - FRESH [ORIGINAL
SIDE MATTERS] |
|
|
|
Last Coram:- |
HON'BLE SHRI JUSTICE DR. D.Y. CHANDRACHUD |
|
|
|
|
HON'BLE SHRI JUSTICE M.S. SANKLECHA |
|
|
|
Act :- |
Income Tax Act, 1961 |
Under Section:- |
260A |
RESULTS OF
OPERATIONS:
During the year the Company has registered a record turnover of Rs.1816.437 Millions as Compared to Rs.1799.827 Millions in the previous year. The net profit of the Company has increased to Rs.16.381 Millions compared to Rs.3.645 Millions in the previous year. The Company hopes to maintain its good performance during the current financial year as well.
NATURE OF OPERATIONS
Subject was incorporated on 21st March 1995. The Company has four operational units, viz, Unit 1, Unit II, Unit III for manufacturing and exporting of Plain and Diamond Studded Gold and Platinum Jewellery and a Trading Division to deal in diamonds, findings etc. It has obtained permission from the SEEPZ Special Economic Zone to establish its undertaking and export its production.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10323686 |
05/12/2011 |
200,000,000.00 |
THE ROYAL BANK OF SCOTLAND N V |
7TH FLOOR, SAKHAR BHAVAN, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B28060036 |
|
2 |
90236497 |
30/12/2005 |
119,000,000.00 |
ABN AMERO BANK |
SHAKAR BHAWN, NARIMAN POINT, MUMBAI, MAHARASHTA,INDIA |
- |
|
3 |
90213680 |
07/03/2001 |
75,000,000.00 |
BANK OF INDIA |
SEEPZ BRANCH,
ANDHERI (EAST), MUMBAI, MAHARASHTRA |
- |
|
4 |
90213483 |
01/03/2013 * |
750,000,000.00 |
THE ROYAL BANK OF SCOTLAND N. V. |
4, NORTH AVENUE, LEVEL 3, MAKER MAXITY, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
B70167093 |
|
5 |
90213480 |
13/01/2000 |
50,000,000.00 |
ABN AMRO BANK N.A. |
14; VEER NARIMAN
RAOD, MUMBAI, MAHARASHTRA - 40002 |
- |
|
6 |
90212713 |
26/02/2002 * |
10,000,000.00 |
GLOBAL TRUST BANK LTD. |
SHREEJEE CHAMBERS;
TATA ROAD NO. 2, OPERA HOUSE, |
- |
|
7 |
90212223 |
06/11/1991 |
9,500,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH;WORLD
TRADE CENTRE, CUFFE PARADE, |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Leasehold improvements
Intangible assets
· Brands and trade marks
· 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 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.60.81 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.47 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
48 |
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.