MIRA INFORM REPORT
|
Report No. : |
318401 |
|
Report Date : |
21.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
LPS BOSSARD PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-1/ 134, Safderjung Enclave, New Delhi – 110029 |
|
Tel. No.: |
91-11-26180086 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.11.1997 |
|
|
|
|
Com. Reg. No.: |
55-090805 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 48.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200DL1997PTC090805 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELL01408B |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Importer and supplier of Bolts, Nuts and Fasteners. |
|
|
|
|
No. of Employees
: |
105 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. Three seems some continuous dip in the turnover and profit of the
company however, reserves level of the company is sound. General financial
position of the company is good. Trade relations are reported as fair. Payments terns 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BBB+ |
|
Rating Explanation |
Moderate degree of safety and carry moderate credit risk. |
|
Date |
15.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A2 |
|
Rating Explanation |
Strong degree of safety and carry low credit risk. |
|
Date |
15.01.2014 |
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. Anil Chahal |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-9896391572 |
|
Date : |
20.04.2015 |
LOCATIONS
|
Registered Office : |
A-1/ 134, Safderjung Enclave, New Delhi – 110029, India |
|
Tel. No.: |
91-11-26180086 |
|
Mobile No.: |
91-9896391572 (Mr. Anil Chahal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory / Admin Office : |
NH-10, Delhi Rohtak Road, Kharawar By Pass,
Rohtak, Rohtak, Haryana 124001, India |
|
|
|
|
Branch Office 1 : |
1975, Survey No.433/2/2, Dasharath, Vadodara, Gujarat, India |
|
|
|
|
Branch Office2 : |
Located At :
|
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Rajesh Jain |
|
Designation : |
Managing Director |
|
Address : |
Nav Bharat House, |
|
Date of Birth/Age : |
28.06.1958 |
|
Date of Appointment : |
21.11.1997 |
|
DIN No.: |
00096176 |
|
|
|
|
Name : |
Mr. Lalit Kumar Jain |
|
Designation : |
Director |
|
Address : |
Nav Bharat House, |
|
Date of Birth/Age : |
19.10.1954 |
|
Date of Appointment : |
21.11.1997 |
|
DIN No.: |
00061293 |
|
|
|
|
Name : |
Mr. Stephen Johnnes Joseph Zehnder |
|
Designation : |
Director |
|
Address : |
AM Rainbach 8, 6340, |
|
Date of Birth/Age : |
20.10.1965 |
|
Date of Appointment : |
18.12.2004 |
|
DIN No.: |
00290507 |
|
|
|
|
Name : |
Mr. Ang De Wel Robert |
|
Designation : |
Director |
|
Address : |
14C, |
|
Date of Birth/Age : |
26.08.1963 |
|
Date of Appointment : |
31.05.2009 |
|
DIN No.: |
02944902 |
|
|
|
|
Name : |
Mr. Vijay Singh Yadav |
|
Designation : |
Alternate Director |
|
Address : |
BTB 092 Belvedere Tower, DLF City, phase II, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
04.01.1939 |
|
Date of Appointment : |
01.10.2013 |
|
DIN No.: |
00386854 |
KEY EXECUTIVES
|
Name : |
Mr. Anil Chahal |
|
Designation : |
Secretary |
|
Address : |
H. No. 301, Ward No. 13, Inder Garhi Gohana, Sonepat – 131301,
Haryana, India |
|
Date of Birth/Age : |
19.02.1973 |
|
Date of Appointment : |
07.02.2001 |
|
PAN No.: |
ADAPC5340G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bossard AG, |
|
2448020 |
|
Lakshmi Precision Screws Private Limited, Haryana |
|
2352019 |
|
Total |
|
4800039 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
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 |
51.00 |
|
Bodies corporate |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and supplier of Bolts, Nuts and Fasteners. |
|
|
|
|
Products : |
Bolts, Nuts and Fasteners |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
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Exports : |
|
|
Products : |
Bolts, Nuts and Fasteners |
|
Countries : |
USA |
|
|
|
|
Imports : |
|
|
Products : |
Bolts, Nuts and Fasteners |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cheque and credit |
|
|
|
|
Purchasing : |
Cheque and credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
105 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
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|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
Building 8, 7th and 8th Floor, Tower B, DLF
Cyber, Gurgaon – 122002, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AEAPG0246E |
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|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
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Holding Company: |
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|
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Subsidiaries (as on 31.03.2014): |
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Joint Venture(as on 31.03.2014): |
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Related Party(as on 31.03.2014): |
|
CAPITAL STRUCTURE
As on 31.03.2014
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4800039 |
Equity Shares |
Rs.10/- each |
Rs. 48.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
48.000 |
48.000 |
48.000 |
|
(b) Reserves & Surplus |
416.677 |
394.421 |
363.381 |
|
(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) |
464.677 |
442.421 |
411.381 |
|
|
|
|
|
|
(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 |
0.474 |
0.000 |
0.598 |
|
Total
Non-current Liabilities (3) |
0.474 |
0.000 |
0.598 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
143.078 |
126.815 |
99.315 |
|
(b) Trade payables |
113.536 |
85.538 |
114.781 |
|
(c) Other current liabilities |
17.522 |
11.360 |
18.179 |
|
(d) Short-term provisions |
0.000 |
0.842 |
11.843 |
|
Total
Current Liabilities (4) |
274.136 |
224.555 |
244.118 |
|
|
|
|
|
|
TOTAL |
739.287 |
666.976 |
656.097 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
92.623 |
81.166 |
73.559 |
|
(ii) Intangible Assets |
0.381 |
0.736 |
0.489 |
|
(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) |
19.436 |
19.439 |
20.107 |
|
(d) Long-term Loan and Advances |
12.681 |
10.232 |
10.166 |
|
(e) Other Non-current assets |
0.651 |
5.705 |
0.000 |
|
Total
Non-Current Assets |
125.772 |
117.278 |
104.321 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
216.059 |
165.498 |
197.219 |
|
(c) Trade receivables |
366.364 |
359.213 |
332.414 |
|
(d) Cash and cash equivalents |
20.153 |
12.733 |
7.207 |
|
(e) Short-term loans and
advances |
9.039 |
10.273 |
12.949 |
|
(f) Other current assets |
1.900 |
1.981 |
1.987 |
|
Total
Current Assets |
613.515 |
549.698 |
551.776 |
|
|
|
|
|
|
TOTAL |
739.287 |
666.976 |
656.097 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
917.519 |
940.049 |
976.126 |
|
|
Other Income |
8.100 |
22.882 |
NA |
|
|
TOTAL
|
925.619 |
962.931 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
863.755 |
891.511 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
61.864 |
71.420 |
95.299 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
15.226 |
11.192 |
13.959 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
46.638 |
60.228 |
81.340 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
11.269 |
9.988 |
11.577 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
35.369 |
50.240 |
69.763 |
|
|
|
|
|
|
|
Less |
TAX |
13.113 |
19.200 |
24.566 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
22.256 |
31.040 |
45.197 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
0.000 |
1.415 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Traded goods |
NA |
169.521 |
183.031 |
|
|
Capital Goods |
NA |
1.312 |
4.638 |
|
|
TOTAL
IMPORTS |
NA |
170.833 |
187.669 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
4.64 |
NA |
NA |
Expected Sales (2014-2015) : Rs.1100.000 Million
The above information has been parted by Mr. Anil Chahal
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.43 |
3.30 |
4.63 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.74 |
7.60 |
9.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.91 |
7.76 |
10.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.11 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.31 |
0.29 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.24 |
2.45 |
2.26 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
48.000 |
48.000 |
48.000 |
|
Reserves & Surplus |
363.381 |
394.421 |
416.677 |
|
Net
worth |
411.381 |
442.421 |
464.677 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
99.315 |
126.815 |
143.078 |
|
Total
borrowings |
99.315 |
126.815 |
143.078 |
|
Debt/Equity
ratio |
0.241 |
0.287 |
0.308 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
976.126 |
940.049 |
917.519 |
|
|
|
-3.696 |
-2.397 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
976.126 |
940.049 |
917.519 |
|
Profit |
45.197 |
31.040 |
22.256 |
|
|
4.63% |
3.30% |
2.43% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
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 |
OPERATIONS
During this year sales are on the slightly lower side as compared to the previous year. The company has lived up to the expectations and achieved a turnover of Rs. 917.519 Million in comparison of Rs. 940.048 Million of the previous year.
Being the 16th year of the operation, the Company is on the right path wherein they have a wide range of customers of different segments. This customer base will be the key to the success in the time coming ahead. Also they have added new varieties in their stock to cater the requirements of the customers. During the year the company has recorded a profit of Rs. 35.369 Million in comparison of Rs. 50.240 Million in the previous year. They hope to achieve good results in the time coming ahead.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
80020851 |
18/02/2013 * |
92,500,000.00 |
CANARA BANK |
NEAR POWER HOUSE, DELHI ROAD, ROHTAK, HARYANA - 124001, INDIA |
B69213205 |
|
2 |
80020852 |
22/07/2009 * |
57,500,000.00 |
CANARA BANK |
193 CIVIL LINES, ROHTAK, HARYANA - 124001, INDIA |
A67693960 |
* Date of charge modification
FIXED ASSETS
- Computers
- Furniture and
Fittings
- Leasehold
Improvements
- Office
Equipments
- Warehouse
Racks
- Vehicles
- 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 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.62.56 |
|
|
1 |
Rs.93.56 |
|
Euro |
1 |
Rs.67.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.