MIRA INFORM REPORT
|
Report No. : |
319895 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
Sonu Cargo MOVERS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
412 J M Rebello Chawlkatrak Road, Opposite Auxilium, Highsch Wadala
(West), Mumbai – 400031, Maharashtra |
|
Tel. No.: |
91-22-67122220 / 24156990 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
02.11.2000 |
|
|
|
|
Com. Reg. No.: |
129446 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.12.120 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63013MH2000PTC129446 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS27116F |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Business of Transporters and Cargo Movers |
|
|
|
|
No. of Employees
: |
05 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
1
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 320000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track. Management of the company has failed to file its latest financial for the
year 2014 with the Government Department. As per Registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2013 but the documents
related to the financials for the year 2013 are not available from any
sources. As per available financials of 2012, External Borrowings of the
company seems to be increasing as compared to previous year. However, trade relations are fair. Business is active. Payment terms
are reported to be unknown. The company can be considered 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.
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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.
LOCATIONS
|
Registered Office / Factory : |
412 J M Rebello Chawlkatrak Road, Opposite Auxilium, Highsch Wadala (West), Mumbai – 400031, Maharashtra, India |
|
Tel. No.: |
91-22-67122220 / 24156990 |
|
Fax No.: |
91-22-24181625 / 67211075 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Thane Office : |
1-3, Ground Floor, Amrut Siddhi CHS Limited, Ravi Industrial Compound, Panch Pakhadi, Thane - 400602, Maharashtra, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ashok Omprakash Chaudhary |
|
Designation : |
Director |
|
Address : |
202 White Fields, Hiranandani Meadows, Glady Alwaris Road, Off Pokhran Road 2, Thane West, 400610, Maharashtra, India |
|
Date of Birth/Age : |
14.12.1975 |
|
Date of Appointment : |
02.11.2000 |
|
DIN No.: |
00017169 |
|
Name : |
Mr. Jayesh Shankarlal Karwa |
|
Designation : |
Director |
|
Address : |
38 / 9, Sahakar Nagar, Wadala Naigaon X
Road, Mumbai - 400031, Maharashtra, India |
|
Date of Birth/Age : |
10.10.1980 |
|
Date of Appointment : |
02.11.2000 |
|
DIN No.: |
00017648 |
|
Name : |
Mr. Shankarlal Umarshi Karwa |
|
Designation : |
Director |
|
Address : |
38 / 9, Sahakar Nagar, Wadala Naigaon X Road, Mumbai - 400031, Maharashtra, India |
|
Date of Birth/Age : |
26.11.1939 |
|
Date of Appointment : |
02.11.2000 |
|
DIN No.: |
00017673 |
|
Name : |
Mr. Omprakash Ramchandra Chaudhari |
|
Designation : |
Director |
|
Address : |
26, Babulnath Road, Anand Mahal, 1st Floor, Girgaum, Mumbai - 400007, Maharashtra, India |
|
Date of Birth/Age : |
11.05.1942 |
|
Date of Appointment : |
02.11.2000 |
|
DIN No.: |
00017272 |
|
Name : |
Prakash Gobindram Khatri |
|
Designation : |
Director |
|
Address : |
903, Greenwood, Hiranandani Estate, Patlipada, Ghodbunder Road, Thane – 400607, Maharashtra, India |
|
Date of Birth/Age : |
22.10.1967 |
|
Date of Appointment : |
01.08.2012 |
|
DIN No.: |
03612072 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
SHAREHOLDERS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
83.33 |
|
Other top fifty shareholders |
16.67 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20319895.doc%2029-Apr-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Business of Transporters and Cargo Movers |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
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|
Selling : |
Cash and Credit |
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|
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|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
05 (Approximately) |
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Bankers : |
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Facilities : |
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|
Financial Institution : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Amit M. Shah and Company Chartered Accountants |
|
Address: |
2, Shelar House, B/H Canara Bank, Gokhale Road, Naupada, Thane -
400602 Maharashtra, India |
|
Tel. No.: |
91-22-2539 1231 |
|
Fax No.: |
91-22-2542 5548 |
|
Email : |
|
|
PAN No.: |
AERPS7745F |
|
|
|
|
Subsidiary Company [AS ON 31.03.2012]
: |
SCM Inventure Private Limited [U63090MH2012PTC235041] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,500,000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,212,000 |
Equity Shares |
Rs.10/- each |
Rs. 12.120 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
12.120 |
12.120 |
|
(b) Reserves &
Surplus |
|
99.420 |
54.740 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
111.540 |
66.860 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
188.854 |
121.556 |
|
(b) Deferred tax
liabilities (Net) |
|
10.062 |
10.062 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
198.916 |
131.618 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
193.685 |
144.746 |
|
(b) Trade payables |
|
132.668 |
64.822 |
|
(c) Other current
liabilities |
|
66.849 |
41.467 |
|
(d) Short-term provisions |
|
40.085 |
22.523 |
|
Total Current Liabilities
(4) |
|
433.287 |
273.558 |
|
|
|
|
|
|
TOTAL |
|
743.743 |
472.036 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
256.087 |
164.238 |
|
(ii) Intangible Assets |
|
0.044 |
0.067 |
|
(iii) Capital
work-in-progress |
|
0.000 |
4.884 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
4.646 |
3.506 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
18.875 |
7.379 |
|
(e) Other Non-current
assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
279.652 |
180.074 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
0.000 |
0.000 |
|
(c) Trade receivables |
|
442.253 |
276.225 |
|
(d) Cash and cash
equivalents |
|
7.852 |
2.807 |
|
(e) Short-term loans and
advances |
|
10.580 |
5.666 |
|
(f) Other current assets |
|
3.406 |
7.264 |
|
Total Current Assets |
|
464.091 |
291.962 |
|
|
|
|
|
|
TOTAL |
|
743.743 |
472.036 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
12.120 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
41.098 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
53.218 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
43.388 |
|
|
2] Unsecured Loans |
|
|
39.404 |
|
|
TOTAL BORROWING |
|
|
82.792 |
|
|
DEFERRED TAX LIABILITIES |
|
|
5.054 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
141.062 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
80.621 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
5.156 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
209.403 |
|
|
Cash & Bank Balances |
|
|
2.591 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
22.575 |
|
Total
Current Assets |
|
|
234.569 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
48.984 |
|
|
Other Current Liabilities |
|
|
130.436 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
179.420 |
|
|
Net Current Assets |
|
|
55.149 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.136 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
141.062 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
782.531 |
586.620 |
436.021 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
114.591 |
53.419 |
37.237 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
54.353 |
30.114 |
20.490 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
60.238 |
23.305 |
16.747 |
|
|
|
|
|
|
|
Less |
TAX |
15.236 |
12.097 |
7.412 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
45.002 |
11.208 |
9.335 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
37.13 |
9.25 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Sales |
(%) |
5.75 |
1.91 |
2.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.15 |
5.03 |
5.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.54 |
0.35 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Debt/Networth) |
|
3.43 |
3.98 |
1.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.07 |
1.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2011 |
31.03.2012 |
|
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
|
12.120 |
12.120 |
|
Reserves & Surplus |
|
54.740 |
99.420 |
|
Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Net worth |
|
66.860 |
111.540 |
|
|
|
|
|
|
long-term borrowings |
|
121.556 |
188.854 |
|
Short term borrowings |
|
144.746 |
193.685 |
|
Total borrowings |
|
266.302 |
382.539 |
|
Debt/Equity ratio |
|
3.983 |
3.430 |
%20PRIVATE%20LIMITED%20-%20319895.doc%2029-Apr-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
436.021 |
586.620 |
782.531 |
|
|
|
34.539 |
33.397 |
%20PRIVATE%20LIMITED%20-%20319895.doc%2029-Apr-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
436.021 |
586.620 |
782.531 |
|
Profit |
9.335 |
11.208 |
45.002 |
|
|
2.14% |
1.91% |
5.75% |
%20PRIVATE%20LIMITED%20-%20319895.doc%2029-Apr-2015_files/image019.gif)
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 |
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10439988 |
17/07/2013 |
25,000,000.00 |
CANBANK FACTORS LIMITED |
# 67/1, KANAKAPURA MAIN ROAD, BASAVANAGUDI, BANGA |
B80306236 |
|
2 |
10385500 |
08/10/2012 |
3,000,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE |
B61728044 |
|
3 |
10363053 |
15/05/2012 |
22,120,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, WEST BE |
B42649103 |
|
4 |
10290241 |
20/05/2011 |
14,682,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B14285837 |
|
5 |
10185566 |
28/10/2009 |
18,000,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
A/2, 3, 4, 5 AND 6, GANESH PRASAD, NAUSHIR BHARUC |
A72821952 |
|
6 |
10149342 |
28/01/2015 * |
125,000,000.00 |
THE SHAMRAO VITHAL CO-OP BANK LIMITED |
SLEATER ROAD BRANCH, A/2, 3, 4, 5 & 6, GANESH-,
P |
C43396290 |
|
7 |
10088735 |
28/10/2009 * |
53,000,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
A/2,3,4,5 AND 6, GANESH PRASAD,, NAUSHIR BHARUCHA |
A72843857 |
|
8 |
10088734 |
28/01/2015 * |
125,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
SLEATER ROAD BRANCH, A/2, 3, 4, 5 & 6, GANESH-,, |
C43396027 |
|
9 |
10088733 |
02/02/2008 |
15,000,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
A/2, 3, 4, 5 AND 6, GANESH PRASAD,, NAUSHIR BHARU |
A32651424 |
|
10 |
90149149 |
20/02/2004 |
885,000.00 |
GE CAPITAL TFS LTD. |
4 LINK ROAD, JAGPURA EXTEN., NEW DELHI, DELHI - 1 |
- |
* Date of charge modification
OPERATIONS
During the year, the company has achieved a turnover of Rs.782.531 Million.
FINANCE
The issued, subscribed and paid up capital of the company is Rs.12.120 Million.
FIXED ASSETS:
- Drill Machine
- Electrical Generator
- Furniture and
Fixtures
- Honda Accord
- Motor Car
- Motor Cycle
- Cycle
- Computer
- Pen Drive
- UPS
- Laptop
- Software
- Camera
- Camera Sony
- Capital 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 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.63.33 |
|
|
1 |
Rs.96.53 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
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 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
27 |
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.