MIRA
INFORM REPORT
|
Report Date : |
24.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
BALAJI SOURCINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
"Balaji Towers", 4th Floor, No. 9/1A/1, Hotgi Road, Aasara
Chowk, Solapur – 413224, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
20.04.2006 |
|
|
|
|
Com. Reg. No.: |
11-128357 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 30.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51434PN2006PTC128357 |
|
|
|
|
IEC No.: |
3106002085 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEB04979C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB8454E |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
The company is engaged in Importer and
Supplier bulk liquid chemicals and methanol for customers in India and internationally. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track. Profitability of the company seems to be low during 2013. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered normal 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.
INDIAN ECONOMIC OVERVIEW
NEWS
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 |
CARE |
|
Rating |
Long term fund – based bank facility = BB+ |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
25th November, 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term non-fund – based bank facility = A4+ |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
25th November, 2013 |
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 DENIED BY
|
Name : |
Mr. Mahesh |
|
Contact No.: |
91-217-2451500 |
|
Date : |
22.09.2014 |
LOCATIONS
|
Registered Office : |
"Balaji Towers", 4th Floor, No. 9/1A/1, Hotgi Road, Aasara Chowk,
Solapur – 413224, Maharashtra, India |
|
Tel. No.: |
91-217-3090274 / 2451500 / 2310056 |
|
Mobile No.: |
91-9819807073 (Mr. Vikas Shah) |
|
Fax No.: |
91-217-2310821 / 2310831 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Administrative Office: |
205, The Chambers, W.E. Highway, Vile Parle (East), Mumbai 400057,
Maharashtra, India |
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Dundurapu Ram Reddy |
|
Designation : |
Managing Director |
|
Address : |
A /1 Gangadhar Housing Society, Opposite Hotel Kinara, |
|
Date of Birth/Age : |
20.10.1961 |
|
Qualification : |
HSC |
|
Date of Appointment : |
20.04.2006 |
|
DIN No.: |
00003864 |
|
Name : |
Mr. Vikas Mabgilal Shah |
|
Designation : |
Whole Time Director |
|
Address : |
B -1, Blue Heaven , Opposite Meghalaya, Flat Narayanpura, Ahmedabad –
380 013, |
|
Date of Birth/Age : |
18.10.1981 |
|
Qualification : |
M .Sc |
|
Date of Appointment : |
20.04.2006 |
|
DIN No.: |
00036542 |
|
Name : |
Mr. Virendra Bherumal Mehta |
|
Designation : |
Director |
|
Address : |
B-2, Blue Heaven, Opposite Meghalaya Flats, Naranpura,
Ahmedabad-3800013, Gujarat, India |
|
Date of Birth/Age : |
14.04.1961 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No.: |
00036579 |
|
Name : |
Mr. Surjan Reddy Gaddam |
|
Designation : |
Director |
|
Address : |
H No10-106, Plot No.106, Near Water Tank, Meinakshi Estates
Jeedimetla, Old Dheewan Dhaba, Hyderabad-500055, Andhra Pradesh, India |
|
Date of Birth/Age : |
26.07.1981 |
|
Date of Appointment : |
01.09.2010 |
|
Date of cessation :
|
01.07.2012 |
|
DIN No.: |
03144985 |
|
Name : |
Tanmai Reddy Ram Reddy Dundurapu |
|
Designation : |
Director |
|
Address : |
Plot No. A-1, Opposite Hotel Kinara, Hotgi Road, Solapur - 413003,
Maharashtra, India |
|
Date of Birth/Age : |
15.11.1986 |
|
Date of Appointment : |
01.07.2012 |
|
DIN No.: |
01335673 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Pratap Narayan Reddy |
240000 |
|
Rajeshwar Reddy |
267500 |
|
D Ram Reddy |
520000 |
|
Vikas Mangilal Shah |
600000 |
|
A Shankuladevi |
10000 |
|
Eeshan Reddy |
87500 |
|
Dipti Reddy |
87500 |
|
D Vandana |
60000 |
|
G Hemant Reddy |
208000 |
|
N Saritha |
37500 |
|
G Madhumathi |
50000 |
|
Ande Reddy |
50000 |
|
Virendra Mehta |
150000 |
|
Tanmai Reddy Ram Reddy Dundurapu |
25000 |
|
G Srujan Reddy |
25000 |
|
Ocean Chemicals, India |
150000 |
|
Ande Shriniwas Reddy Reddy |
432000 |
|
|
|
|
Total |
3000000 |
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
51.00 |
|
Other top fifty (50) shareholders |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in Importer and
Supplier bulk liquid chemicals and methanol for customers in India and
internationally. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· Axis Bank Limited, 1262/B, Sterling Plaza, Jangli Maharaj Road, Deccan Gymkhana, Pune - 411004, Maharashtra, India · Bank of Baroda, MID - Corporate Branch, Sets Campus, Ground Floor, Khilare Path, Erandwane, Pune - 411038, Maharashtra, India · ING Vysya Bank Limited, 103/104, 'A' Wing, 1st Floor, Floral Deck Plaza, MIDC Central Road, Andheri (East), Mumbai - 400093, Maharashtra, India · Samarth Sahakari Bank Limited Solapur, Railway Lines Branch, Railway Line, Solapur - 413001, Maharashtra, India · IDBI Bank Limited |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Aherkar and Company Chartered Accountants |
|
Address : |
Battin Complex, 35, Ganesh Peth, Solapur – 413 005, |
|
Tel. No.: |
91-22-2600003 |
|
Fax No.: |
91-22-2620223 |
|
E-Mail : |
|
|
PAN No.: |
AARPA5381M |
|
|
|
|
Others : |
· Balaji Amines Limited [L24132MH1988PLC049387] · Balaji Greenfield Techno Ventures Private Limited [U45400MH1985PTC037464] · Balaji Enterprises · OC Specialities · Ocean Chemicals |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
47.678 |
36.482 |
29.442 |
|
(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) |
77.678 |
66.482 |
59.442 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.008 |
0.025 |
0.025 |
|
(c) Other long term
liabilities |
22.078 |
21.869 |
14.217 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
22.086 |
21.894 |
14.242 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
97.587 |
103.872 |
112.665 |
|
(b) Trade payables |
148.387 |
177.914 |
146.679 |
|
(c) Other current liabilities |
2.679 |
4.303 |
7.056 |
|
(d) Short-term provisions |
9.221 |
5.551 |
6.071 |
|
Total
Current Liabilities (4) |
257.874 |
291.640 |
272.471 |
|
|
|
|
|
|
TOTAL |
357.638 |
380.016 |
346.155 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.455 |
0.232 |
0.249 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1.455 |
0.232 |
0.249 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
1.000 |
0.000 |
|
(b) Inventories |
22.228 |
20.189 |
32.635 |
|
(c) Trade receivables |
301.178 |
320.323 |
281.535 |
|
(d) Cash and cash equivalents |
25.237 |
31.008 |
26.727 |
|
(e) Short-term loans and
advances |
0.659 |
0.797 |
0.806 |
|
(f) Other current assets |
6.881 |
6.467 |
4.203 |
|
Total
Current Assets |
356.183 |
379.784 |
345.906 |
|
|
|
|
|
|
TOTAL |
357.638 |
380.016 |
346.155 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
1420.711 |
1310.268 |
1023.568 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
Operating and Admin. Expenses |
1402.788 |
1299.349 |
1011.089 |
|
|
Extraordinary/Exceptional Item |
0.750 |
0.005 |
0.000 |
|
|
TOTAL
|
1403.698 |
1299.349 |
1011.089 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
17.013 |
10.919 |
12.479 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.326 |
0.075 |
0.107 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
16.847 |
10.839 |
12.372 |
|
|
|
|
|
|
|
|
TAX |
5.650 |
3.800 |
4.125 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
11.197 |
7.039 |
8.247 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
36.482 |
29.443 |
21.196 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
47.679 |
36.482 |
29.443 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.73 |
2.35 |
--- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.79 |
0.54 |
0.81 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.19 |
0.83 |
1.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.71 |
2.85 |
3.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.16 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.26 |
1.56 |
1.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.38 |
1.30 |
1.27 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
29.442 |
36.482 |
47.678 |
|
Net
worth |
59.442 |
66.482 |
77.678 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
112.665 |
103.872 |
97.587 |
|
Total
borrowings |
112.665 |
103.872 |
97.587 |
|
Debt/Equity
ratio |
1.895 |
1.562 |
1.256 |
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 Revenue |
1023.568 |
1310.268 |
1420.711 |
|
|
|
28.010 |
8.429 |
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 Revenue |
1023.568 |
1310.268 |
1420.711 |
|
Profit/(Loss) After Tax |
8.247 |
7.039 |
11.197 |
|
|
0.81% |
0.54% |
0.79% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES
OF LONG TERM DEBTS : 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 |
Yes |
|
10] |
Designation
of contact person |
No |
|
11] |
Turnover of firm
for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons for
variation <> 20% |
---- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital in
the business |
Yes |
|
16] |
Details of
sister concerns |
Yes |
|
17] |
Major
suppliers |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
------- |
|
22] |
Litigations
that the firm / promoter involved in |
-------- |
|
23] |
Banking
Details |
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 |
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10434951 |
18/03/2014 * |
150,000,000.00 |
BANK OF BARODA
MID - CORPORATE BRANCH PUNE |
MID - CORPORATE
BRANCH, SETS CAMPUS, GROUND FLOOR |
C19859156 |
|
2 |
10426406 |
09/04/2013 |
105,000,000.00 |
STATE BANK OF
INDIA |
INDSUTRIAL
FINANCE BRANCH, RAJ BHAVAN ROAD, SOMAJ |
B75290106 |
|
3 |
10375449 |
09/08/2012 |
1,000,000.00 |
SAMARTH SAHAKARI
BANK LIMITED SOLAPUR |
RAILWAY LINES
BRANCH, RAILWAY LINE, SOLAPUR, Maha |
B57667636 |
|
4 |
10122190 |
18/03/2014 * |
175,000,000.00 |
Axis Bank
Limited |
Corporate
Banking Branch,214-215,City Mall, 2nd F |
C04496709 |
* Date of charge modification
FINANCIAL RESULTS
The Directors utilized successfully the resources to achieve the turnover of Rs. 1418.000 Millions which was Rs. 1307.900 Millions for the last year which shows increase of 8% in volume.
After meeting all expenses your company posted a post tax profit of Rs. 11.100 Millions which is also increased by Rs. 4.100 Millions as compared to the last year’s figures.
Directors are looking forward to keep consistency in such progressive performance and posed sincere confidence to perform well in the years to come.
NOTE:
Registered office of the company has been shifted
from Balaji
Bhavan, 165 A, Railway Lines, Solapur – 413 001, Maharashtra, India to the
present address w.e.f. 05.04.2013.
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.60.87 |
|
|
1 |
Rs.99.63 |
|
Euro |
1 |
Rs.78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
31 |
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.