MIRA INFORM REPORT
|
Report No. : |
317681 |
|
Report Date : |
16.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
MELZER CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.132/2-3, Plot No.22, Gulmohar Park, ITI Road,
Aundh, Pune – 411007, Maharashtra |
|
Tel. No.: |
91-20-41004822 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.09.1994 |
|
|
|
|
Com. Reg. No.: |
11-081199 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24249PN1994PTC081199 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM01541B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM4138M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Biocides and Speciality Chemicals. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track. Management of the company has failed to file its financials with the
government department after 2012. As per Registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2012 but the documents
related to the financials for the year 2012 is not available from any source. As per available financial of 2011, the company has decent profit
margin. However, business is active as per status shown in the registrar of
companies. Payment terms are unknown. In the absence of latest financial details, subject can be considered
for business dealings on safe and secured trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
Not Available
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. Ganesh K. |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-41004822 |
|
Date : |
15.04.2015 |
LOCATIONS
|
Registered/ Head / Corporate/ Administrative
Office : |
Survey No.132/2-3, Plot No.22, Gulmohar Park, ITI Road,
Aundh, Pune – 411 007, Maharashtra, India |
|
Tel. No.: |
91-20-41004822/ 41004800 |
|
Fax No.: |
91-20-41004845/ 41004813 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.A-11 and A-11/B, MIDC, Kurkumbh, Taluka Daund, Pune – 413 105,
Maharashtra, India |
|
Tel. No.: |
91-2117-235104 |
|
|
|
|
Branch Office 1 : |
Pune 12,
Vee Nimbkar Society, 80/4 Baner Road, Aundh, Pune – 411 007, Maharashtra,
India |
|
Tel. No.: |
91-20-25651230 |
|
Fax No.: |
91-20-25656530 |
|
Location : |
Owned |
|
|
|
|
Innovation Center/ Branch Office 2 : |
Mumbai 117, Punit
Chambers, Sector No.18, Vashi, Navi Mumbai – 400 705, Maharashtra, India |
|
Tel. No.: |
91-22-27871332 |
|
Fax No.: |
91-22-27889251 |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Sunil Balkrishna Shinde |
|
Designation : |
Director |
|
Address : |
Flat No.5, Silver Birch Apartment, Lakaki Road, Model Colony, Pune –
411 016, Maharashtra, India |
|
Date of Birth/Age : |
02.05.1960 |
|
Qualification : |
B. Sc |
|
Date of Appointment : |
19.09.1994 |
|
DIN No.: |
01390147 |
|
|
|
|
Name : |
Mr. Satyajit Jitendra Nimbalkar |
|
Designation : |
Director |
|
Address : |
H-14 Shinde Gardens, S No.40A/1/1, Bopodi, Pune – 411 003,
Maharashtra, India |
|
Date of Birth/Age : |
18.06.1971 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
19.09.1994 |
|
DIN No.: |
01390191 |
|
|
|
|
Name : |
Dr. Prakash Purshottam Pathare |
|
Designation : |
Director |
|
Address : |
Leela Shraya, Ganesh Peth Lane, N.C. Kelkar Road, Dadar, Mumbai – 400
028, Maharashtra, India |
|
Date of Birth/Age : |
23.07.1948 |
|
Qualification : |
Ph.D. (IIT) |
|
Date of Appointment : |
01.03.2005 |
|
DIN No.: |
02578015 |
|
|
|
|
Name : |
Mr. Chandrasen Ramchandra Ghatge |
|
Designation : |
Director |
|
Address : |
Flat No.15, Vishaka Apartments, Kale Park, Baner Road, Someshwarwadi
Pashan, Pune – 411 045, Maharashtra, India |
|
Date of Birth/Age : |
09.11.1972 |
|
Date of Appointment : |
30.09.2004 |
|
DIN No.: |
02578039 |
|
|
|
|
Name : |
Mrs. Madhavi Sunil Shinde |
|
Designation : |
Director |
|
Address : |
Flat No.6, Silver Birch Apartment, Lakaki Road, Model Colony, Pune –
411 016, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1967 |
|
Date of Appointment : |
19.09.1994 |
|
DIN No.: |
02578807 |
KEY EXECUTIVES
|
Name : |
Prtajot Tungare and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
529/1, 2nd Floor, Shraddha Chambers, Near Ramakrishna Math,
Opposite Dandekar Bridge, Sinhagad Road, Pune – 411 030, Maharashtra, India |
|
Tel. No.: |
91-20-24336490/ 91 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Name : |
Mr. Ganesh K. |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
No. of Shares |
% of holding |
|
Sunil Balkrishna Shinde |
340000 |
34.00 |
|
Satyajit Jitendra Nimbalkar |
225000 |
22.50 |
|
Sunil Balkrishna Shinde (HUF) |
210000 |
21.00 |
|
Chandrasen Ramchandra Ghatge |
225000 |
22.50 |
|
|
|
|
|
Total |
1000000 |
100.00 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Biocides and Speciality Chemicals. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
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|
Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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|
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Terms : |
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|
Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
· ICICI Bank Limited · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India · State Bank of India, Nhava Sheva Branch · State Bank of India, Kurkumbh Branch |
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Facilities : |
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|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
H.K. Shetty and Associates Chartered Accountants |
|
Address : |
Radhanagari Society, Flat No.3, Bhanu Patil Road, Bopodi, Pune –
411020, Maharashtra, India |
|
PAN No.: |
ACHPS8839G |
|
|
|
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Membership : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
10.000 |
10.000 |
7.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
41.496 |
29.469 |
17.346 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
51.496 |
39.469 |
24.846 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
77.694 |
37.171 |
24.503 |
|
|
2] Unsecured Loans |
9.820 |
10.494 |
10.617 |
|
|
TOTAL BORROWING |
87.514 |
47.665 |
35.120 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
139.010 |
87.134 |
59.966 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
56.739 |
28.494 |
16.732 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
52.215
|
21.464 |
17.387 |
|
|
Sundry Debtors |
73.783
|
52.951 |
45.185 |
|
|
Cash & Bank Balances |
8.489
|
13.262 |
3.746 |
|
|
Other Current Assets |
8.910
|
3.348 |
6.050 |
|
|
Loans & Advances |
11.653
|
4.170 |
5.741 |
|
Total
Current Assets |
155.050
|
95.195 |
78.109 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
52.538 |
19.845 |
27.132 |
|
|
Other Current Liabilities |
3.163
|
1.449 |
1.928 |
|
|
Provisions |
17.078
|
15.261 |
5.815 |
|
Total
Current Liabilities |
72.779
|
36.555 |
34.875 |
|
|
Net Current Assets |
82.271
|
58.640 |
43.234 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
139.010 |
87.134 |
59.966 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
67.052 |
45.514 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
81.776 |
67.052 |
45.514 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
37.439 |
35.536 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
50.771 |
37.439 |
35.536 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
31.005 |
29.613 |
9.978 |
|
|
|
|
|
|
|
|
|
Less/ |
DEPRECIATION/
AMORTISATION |
3.664 |
3.339 |
2.395 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
27.341 |
26.274 |
7.583 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.930 |
10.000 |
2.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
18.411 |
16.274 |
4.883 |
|
|
|
|
|
|
|
|
|
Less |
Income Tax Provision for previous year |
0.509 |
0.927 |
|
|
|
|
Dividend on shares |
5.000 |
2.500 |
0.000 |
|
|
|
Dividend Tax |
0.831 |
0.425 |
0.000 |
|
|
|
Adjustments for previous year |
0.044 |
0.298 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
OVER TO THE B/S |
12.027 |
12.124 |
4.883 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
46.094
|
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.41 |
16.27 |
NA |
|
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Sales Turnover (Approximately) |
|
330.300 |
238.500 |
|
|
|
|
|
The above information has been parted by Mr. Ganesh K. (Accounts
Department).
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Net Profit Margin PAT / Sales |
(%) |
22.51 |
24.27 |
10.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
12.91
|
21.24 |
7.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.53
|
0.67 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.70
|
1.21 |
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.13
|
2.60 |
2.24 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
7.500 |
10.000 |
10.000 |
|
Reserves & Surplus |
17.346 |
29.469 |
41.496 |
|
Net
worth |
24.846 |
39.469 |
51.496 |
|
|
|
|
|
|
Secured Loans |
24.503 |
37.171 |
77.694 |
|
Unsecured Loans |
10.617 |
10.494 |
9.820 |
|
Total
borrowings |
35.120 |
47.665 |
87.514 |
|
Debt/Equity
ratio |
1.414 |
1.208 |
1.699 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
45.514 |
67.052 |
81.776 |
|
|
|
47.322 |
21.959 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2009 |
31.03.2010 |
31.03.2011 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
45.514 |
67.052 |
81.776 |
|
Profit |
4.883 |
16.274 |
18.411 |
|
|
10.73% |
24.27% |
22.51% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT IS 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 |
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 |
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 |
No |
|
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 |
UNSECURED LOANS:
|
Unsecured Loans |
31.03.2011 Rs.
in Million |
31.03.2010 Rs.
in Million |
|
From Group Concerns |
0.000 |
0.000 |
|
From Members and Directors |
0.000 |
0.674 |
|
Sales Tax Deferred Loan Account |
9.820 |
9.820 |
|
|
|
|
|
Total
|
9.820 |
10.494 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10539886 |
08/12/2014 |
15,500,000.00 |
BANK OF INDIA |
STAR HOUSE PLOT NO. C-5, G-BLOCK, BANDRA-KURLA, COMPLEX, BANDRA (E), MUMBAI-400051, MUMBAI, MAHARASHTRA - 400051, INDIA |
C38791141 |
|
2 |
10539888 |
08/12/2014 |
16,000,000.00 |
BANK OF INDIA |
STAR HOUSE PLOT NO. C-5, G-BLOCK, BANDRA-KURLA, COMPLEX, BANDRA (E), MUMBAI-400051, MUMBAI, MAHARASHTRA - 400051, INDIA |
C38792388 |
|
3 |
10539890 |
08/12/2014 |
23,500,000.00 |
BANK OF INDIA |
STAR HOUSE PLOT NO. C-5, G-BLOCK, BANDRA-KURLA, COMPLEX, BANDRA (E), MUMBAI-400051, MUMBAI, MAHARASHTRA - 400051, INDIA |
C38793949 |
|
4 |
10539892 |
08/12/2014 |
50,000,000.00 |
BANK OF INDIA |
STAR HOUSE PLOT NO. C-5, G-BLOCK, BANDRA-KURLA, COMPLEX, BANDRA (E), MUMBAI-400051, MUMBAI, MAHARASHTRA - 400051, INDIA |
C38794582 |
|
5 |
10539894 |
08/12/2014 |
100,000,000.00 |
BANK OF INDIA |
STAR HOUSE PLOT NO. C-5, G-BLOCK, BANDRA-KURLA, COMPLEX, BANDRA (E), MUMBAI-400051, MUMBAI, MAHARASHTRA - 400051, INDIA |
C38795456 |
|
6 |
10320783 |
20/09/2013 * |
141,636,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B85070134 |
|
7 |
10323096 |
24/10/2011 |
8,755,000.00 |
KOTAK MAHINDRA BANK LIMITED |
8TH FLOOR, SOHRAB HALL, 21 SASOON ROAD, BEHIND RAILWAY STATION, PUNE, MAHARASHTRA - 411001, INDIA |
B27853951 |
|
8 |
10289155 |
08/06/2011 |
6,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI, MAHARASHTRA - 400021, INDIA |
B13863501 |
*Date of modification Charges
FIXED ASSETS:
· Land
· Factory Building
· Office Building
· Machinery
· Electrical Installation
· Furniture and Fixtures
· Office Equipment
· Computers
· Vehicles
· Kurkumbh – WIP
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 records 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.62.40 |
|
|
1 |
Rs.92.15 |
|
Euro |
1 |
Rs.66.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
14 |
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NB |
NEW BUSINESS |
||
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.