MIRA INFORM REPORT
|
Report No. : |
318151 |
|
Report Date : |
21.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
VINIT GLOVES MANUFACTURING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2A, Ganesh Chandra Avenue, Commerce House, 4th Floor, Room No.7, Kolkata – 700 013, West Bengal |
|
Tel. No.: |
91-33-23234400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.01.2001 |
|
|
|
|
Com. Reg. No.: |
21-092784 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.35.449 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101WB2001PTC092784 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is primarily involved in manufacturing and exporting of industrial leather gloves. |
|
|
|
|
No. of Employees
: |
280 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 313400 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was
promoted by Mr. Vinit Kumar Khetan of Kolkata and subject primarily in manufacturing
and export of industrial leather gloves. It is an established company having
satisfactory track record. Company has
reported sound operational growth over previous year which led to achieved
decent topline growth and it has maintain profitability margins of 1.76%
(approximately) during financial year 2014. Rating also takes
draw comfort from the experienced promoters backed by continuous infusion of
funds by promoters and sound financial base of the company. Trade relations
are fair. Business is active. Payments are reported to be usually correct. The company can
be considered for business dealings at usual trade terms and condition. |
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 |
CARE |
|
Rating |
Long term Bank Facilities: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
16.02.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
16.02.2015 |
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 : |
Ms. Suman Sinha |
|
Designation : |
Sales Department |
|
Contact No.: |
91-33-23234400 |
|
Date : |
20.04.2015 |
LOCATIONS
|
Registered Office : |
2A, Ganesh Chandra Avenue, Commerce House, 4th Floor, Room No.7, Kolkata – 700 013, West Bengal, India |
|
Tel. No. : |
91-33-23234400/ 4401/ 4543 |
|
Fax No. : |
91-33-23234403 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory and Office : |
P-42-44, "Udayan
Industrial Estate", 3 Pagladanga Road, Kolkata – 700 015, West Bengal, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vinit Kumar Khetan |
|
Designation : |
Director |
|
Address : |
15-B, Silver Spring, 15th Floor, J.B.S. Halden Avenue,
Kolkata – 700 105, West Bengal, India |
|
Date of Birth/Age : |
30.01.1973 |
|
Date of Appointment : |
19.01.2001 |
|
DIN No. : |
00012405 |
|
Election
Commission Identity Card No.: |
WB/20/139/375790 |
|
|
|
|
Name : |
Dr. Purushottam Lal Khetan |
|
Designation : |
Director |
|
Address : |
15-B, Silver Spring, 15th Floor, J.B.S. Halden Avenue,
Kolkata – 700 105, West Bengal, India |
|
Date of Birth/Age : |
26.05.1942 |
|
Date of Appointment : |
08.07.2005 |
|
DIN No. : |
00192696 |
KEY EXECUTIVES
|
Name : |
Ms. Suman Sinha |
|
Designation : |
Sales Department |
|
|
|
|
Name : |
Mr. P. K. Singh |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Ms. Sayanti Sarkar |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vinit Kumar Khetan |
|
155150 |
|
Sunita Khetan |
|
50000 |
|
Poonam Khetan |
|
50000 |
|
Ruchika Khetan |
|
27000 |
|
Khetan Financial Services |
|
455000 |
|
Purushottam Lal Khetan |
|
10000 |
|
V. Overseas Private Limited, India
|
|
207500 |
|
Vinit Kumar Khetan HUF |
|
118700 |
|
Urmila Khetan |
|
50000 |
|
Sumit Kumar Khetan |
|
112500 |
|
Hanurang Mercantiles Private Limited, India |
|
170000 |
|
Lalit Kumar Khetan HUF |
|
103500 |
|
Ruchika Khetan |
|
6500 |
|
Urmila Khetan |
|
3500 |
|
Purushottam Lal Khetan |
|
7000 |
|
Purushottam Lal Khetan HUF |
|
63000 |
|
Padmavati Finvest Private Limited, India |
|
469000 |
|
Devkripa Infracon Private Limited, India |
|
80000 |
|
Mangalam Dealmark Private Limited, India |
|
60000 |
|
Navtech Merchants Private Limited, India |
|
40000 |
|
Avatar Suppliers Private Limited, India |
|
40000 |
|
Mangalmoorti Project Private Limited, India |
|
80000 |
|
Akashdeep Suppliers Private Limited, India |
|
80000 |
|
Subhrashi Tracon Private Limited, India |
|
80000 |
|
Richcom Fincon Private Limited, India |
|
90000 |
|
Tirupati Fintracon Private Limited, India |
|
40000 |
|
Maa Bhawani Commodities Private Limited, India |
|
200000 |
|
Dynamic Vinimay Private Limited, India |
|
120000 |
|
Headstrang Tradecone Private Limited, India |
|
459600 |
|
Sumit Kumar Khetan HUF |
|
77000 |
|
Lalit Kumar Khetan |
|
40000 |
|
Total |
|
3544950 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
75.35 |
|
Directors or relatives of Directors |
20.60 |
|
Other top fifty shareholders |
4.05 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily involved in manufacturing and exporting of industrial leather gloves. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
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Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Depends |
|
|
|
|
Purchasing : |
Cheque |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Customers : |
Wholesalers and Distributors
|
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No. of Employees : |
280 (Approximately) |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Commercial Branch (Park
Street) ·
Kotak Mahindra Bank Limited |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.K. Chandak and Company Chartered Accountants |
|
Address : |
402, Bentinck Chambers, 37A Bentinck Street, Kolkata – 700 069, West Bengal, India |
|
PAN
No.: |
AADFR2866C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries (As confirmed by the management) : |
Yash Enterprises |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3544950 |
Equity Shares |
Rs.10/- each |
Rs.35.449 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 |
35.449 |
34.629 |
29.029 |
|
(b) Reserves & Surplus |
73.259 |
60.045 |
46.936 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
11.475 |
14.000 |
|
Total
Shareholders’ Funds (1) + (2) |
108.708 |
106.149 |
89.965 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
4.031 |
27.454 |
37.545 |
|
(b) Deferred tax liabilities (Net) |
5.807 |
3.920 |
1.479 |
|
(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) |
9.838 |
31.374 |
39.024 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
153.732 |
124.798 |
66.614 |
|
(b) Trade
payables |
35.100 |
12.014 |
1.141 |
|
(c) Other
current liabilities |
91.345 |
18.419 |
22.853 |
|
(d) Short-term
provisions |
7.716 |
4.023 |
1.913 |
|
Total Current
Liabilities (4) |
287.893 |
159.254 |
92.521 |
|
|
|
|
|
|
TOTAL |
406.439 |
296.777 |
221.510 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
127.934 |
132.021 |
63.904 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
65.554 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.194 |
0.194 |
0.194 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.913 |
0.514 |
0.304 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
129.041 |
132.729 |
129.956 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
111.540 |
76.771 |
27.004 |
|
(c) Trade
receivables |
56.674 |
24.773 |
10.936 |
|
(d) Cash
and cash equivalents |
15.262 |
6.922 |
4.337 |
|
(e)
Short-term loans and advances |
93.357 |
54.925 |
48.704 |
|
(f) Other
current assets |
0.565 |
0.657 |
0.573 |
|
Total
Current Assets |
277.398 |
164.048 |
91.554 |
|
|
|
|
|
|
TOTAL |
406.439 |
296.777 |
221.510 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
679.729 |
461.898 |
NA |
|
|
|
Other Income |
0.467 |
0.281 |
NA |
|
|
|
TOTAL |
680.196 |
462.179 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials
consumed |
542.446 |
373.639 |
NA |
|
|
|
Purchases of
Stock-in-trade |
7.443 |
1.763 |
NA |
|
|
|
Manufacturing and
Operating Costs |
39.360 |
28.870 |
NA |
|
|
|
Changes in inventories of finished goods,
work-in-progress and stock-in-trade |
(10.458) |
(5.773) |
NA |
|
|
|
Employee benefit expense |
26.876 |
16.596 |
NA |
|
|
|
Other expenses |
24.902 |
15.406 |
NA |
|
|
|
TOTAL |
630.569 |
430.501 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
49.627 |
31.678 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.640 |
14.769 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
24.987 |
16.909 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.423 |
6.368 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
17.564 |
10.541 |
8.103 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.580 |
4.549 |
2.562 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
11.984 |
5.992 |
5.541 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export of Goods calculated on FOB |
584.166 |
405.981 |
325.799 |
|
|
TOTAL EARNINGS |
584.166 |
405.981 |
325.799 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
39.121 |
9.898 |
NA |
|
|
|
Stores |
1.144 |
0.612 |
NA |
|
|
|
Capital Goods |
2.909 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
43.174 |
10.510 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.46 |
2.02 |
2.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.76 |
1.30 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
7.30 |
6.86 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.32 |
3.55 |
5.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.10 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.45 |
1.43 |
1.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.96 |
1.03 |
0.99 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
29.029 |
34.629 |
35.449 |
|
Reserves & Surplus |
46.936 |
60.045 |
73.259 |
|
Share Application money pending allotment |
14.000 |
11.475 |
0.000 |
|
Net worth |
89.965 |
106.149 |
108.708 |
|
|
|
|
|
|
Long Term borrowings |
37.545 |
27.454 |
4.031 |
|
Short Term borrowings |
66.614 |
124.798 |
153.732 |
|
Total borrowings |
104.159 |
152.252 |
157.763 |
|
Debt/Equity ratio |
1.158 |
1.434 |
1.451 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR in Million) |
(INR in Million) |
|
Revenue from Operations |
|
461.898 |
679.729 |
|
|
|
|
47.160 |
NET PROFIT MARGIN
|
Net Profit Margin |
|
31.03.2013 |
31.03.2014 |
|
|
|
(INR in Million) |
(INR in Million) |
|
Revenue from Operations |
|
461.898 |
679.729 |
|
Profit |
|
5.992 |
11.984 |
|
|
|
1.30% |
1.76% |
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
two 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 |
Yes |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans from bodies corporate |
7.742 |
10.313 |
|
Total |
7.742 |
10.313 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10293701 |
24/11/2014 * |
247,500,000.00 |
ING VYSYA BANK LIMITED |
4/1, MIDDLETON STREET,
SIKKIM HOUSE, KOLKATA, WEST BENGAL - 700071, INDIA |
C43185149 |
* Date of charge modification
CONTINGENT
LIABILITIES NOT PROVIDED FOR IN RESPECT TO:
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
Bank Guarantee |
1.077 |
1.077 |
|
Capital commitment outstanding |
Nil |
1.038 |
FIXED ASSETS
·
Leasehold Land
·
Factory Building
·
Plant and Machinery
·
Electric Installations
·
Furniture and Fixtures
·
Office Equipments
·
Vehicles
·
Pollution Equipments
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 : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.