MIRA INFORM REPORT
|
Report No. : |
319749 |
|
Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
VKE VALVES INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-10 Ram Mandir Road, Goregaon (West), Mumbai - 400104, Maharashtra |
|
Tel. No.: |
91-22-26763525/28720287/28735711/28732454/26763764 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.08.1982 |
|
|
|
|
Com. Reg. No.: |
028075 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29100MH1982PTC028075 |
|
|
|
|
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
: |
Manufacturer of pumps, industrial valves, high pressure solenoid valve, piston type steam solenoid valve. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
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. The company has reported loss during the year financial year
2013-2014. The rating further gets constrained due to limited scale of activities
moderate networth and liquidity possessed by the company. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for normal 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.
Subject’s name has been found enlisted as a
defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’
list as of 31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Ankush |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-26763525 |
|
Date : |
28.04.2015 |
LOCATIONS
|
Registered Office / Factory : |
S-10 Ram Mandir Road, Goregaon (West), Mumbai - 400104, Maharashtra, India |
|
Tel. No.: |
91-22-26763525/28720287/28735711/28732454/26763764 |
|
Fax No.: |
91-22-28720423/26763531 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Pravin Ramakant Kawale |
|
Designation : |
Director |
|
Address : |
603, Laburnum Tower No.1, Mahindra Garden, S.V Road, Goregaon (West), Mumbai - 400062, Maharashtra, India |
|
Date of Birth/Age : |
30.09.1970 |
|
Date of Appointment : |
04.10.2005 |
|
DIN No.: |
00147040 |
|
|
|
|
Name : |
Sandeep Ramakant Kawale |
|
Designation : |
Director |
|
Address : |
603, Laburnum Tower No.1, Mahindra Garden, S.V Road, Goregaon (West), Mumbai - 400062, Maharashtra, India |
|
Date of Birth/Age : |
27.11.1965 |
|
Date of Appointment : |
18.12.2000 |
|
DIN No.: |
00147087 |
|
|
|
|
Name : |
Asha Ramakant Kawale |
|
Designation : |
Director |
|
Address : |
603, Laburnum Tower No.1, Mahindra Garden, S.V Road, Goregaon (West), Mumbai - 400062, Maharashtra, India |
|
Date of Birth/Age : |
03.01.1947 |
|
Date of Appointment : |
26.08.1982 |
|
DIN No.: |
00147128 |
KEY EXECUTIVES
|
Name : |
Mr. Ankush |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Pravin Ramakant Kawale |
1,650 |
33.00 |
|
Sandeep Ramakant Kawale |
1,700 |
34.00 |
|
Asha Ramakant Kawale |
1,650 |
33.00 |
|
Total |
5,000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of pumps, industrial valves, high pressure solenoid valve, piston type steam solenoid valve. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS : AS ON 31.03.2014
|
Particulars |
|
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Valves |
|
N.A. |
N.A. |
2172 |
|
Cylinders |
|
N.A. |
N.A. |
24 |
|
Spares |
|
N.A. |
N.A. |
177 |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
NOTE : LONG-TERM
BORROWINGS Term loan from Bank of India secured by way of First Mortgage / Charge on Plant and Machinery of the company situated at the factory premises at S/10, Ram Mandir Road, Goregaon West, Mumbai-400104. Term loan no. 2 from Bank of India is secured by FDR in the name of the company Term loans from Bank of India is also secured jointly & severally by all the Directors of the company. Term loan from Kotak Mahindra Bank is secured by way of First Mortgage / Charge on Motor Car (Innova) and is collaterally secured by all the Directors of the company. Term loan from HDFC Bank Limited is secured by way of First Mortgage / Charge on Motor Car (BMW) and is collaterally secured by all the Directors of the company. Rate of Interest and Maturity Profile of Term Loan are set out as follows Beyond 4 Years
There are no defaults in repayment of Term Loans SHORT-TERM
BORROWINGS Working Capital Loans are secured by hypothecation of present and future stock of Raw Materials Stock-in-process Finished Goods Stores and Spares (not relating to plant and machinery) Book Debts Outstanding monies Claims. Working Capital Loans from Bank of India and New India Co-op. Bank are personally guaranteed directors of the Company. |
|
Auditors : |
|
|
Name : |
Praful M. Joshi Chartered Accountants |
|
Address : |
20, Mahavir Mansion, 70, Trinity Street, Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22- 22061692 |
|
Fax No.: |
91-22- 22031219 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPJ5283P |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
3.121 |
3.198 |
3.130 |
|
(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) |
3.621 |
3.698 |
3.630 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.005 |
2.381 |
3.024 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
(0.014) |
0.026 |
|
(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) |
3.005 |
2.367 |
3.050 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
6.132 |
5.510 |
5.471 |
|
(b) Trade payables |
4.412 |
4.428 |
6.985 |
|
(c) Other current liabilities |
1.388 |
1.073 |
0.817 |
|
(d) Short-term provisions |
0.107 |
0.564 |
0.485 |
|
Total
Current Liabilities (4) |
12.039 |
11.575 |
13.758 |
|
|
|
|
|
|
TOTAL |
18.665 |
17.640 |
20.438 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.295 |
4.295 |
5.050 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
1.500 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.014 |
0.014 |
0.014 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.044 |
0.044 |
0.044 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
5.853 |
4.353 |
5.108 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
3.738 |
4.282 |
6.844 |
|
(c) Trade receivables |
6.546 |
5.589 |
4.131 |
|
(d) Cash and cash equivalents |
1.928 |
2.479 |
3.331 |
|
(e) Short-term loans and
advances |
0.086 |
0.537 |
0.552 |
|
(f) Other current assets |
0.514 |
0.400 |
0.472 |
|
Total
Current Assets |
12.812 |
13.287 |
15.330 |
|
|
|
|
|
|
TOTAL |
18.665 |
17.640 |
20.438 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
37.286 |
35.840 |
35.840 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
0.928 |
0.861 |
0.867 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.857 |
0.755 |
0.755 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.071 |
0.106 |
0.112 |
|
|
|
|
|
|
|
Less |
TAX |
0.122 |
0.038 |
0.022 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(0.051) |
0.068 |
0.090 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
1.385 |
1.317 |
1.227 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
1.334 |
1.385 |
1.317 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1.248 |
1.517 |
0.667 |
|
|
TOTAL EARNINGS |
1.248 |
1.517 |
0.667 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
10.20 |
13.60 |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.14) |
0.19 |
0.025 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.41 |
0.60 |
0.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.52 |
2.13 |
2.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.15 |
1.11 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
3.130 |
3.198 |
3.121 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
3.630 |
3.698 |
3.621 |
|
|
|
|
|
|
long-term borrowings |
3.024 |
2.381 |
3.005 |
|
Short term borrowings |
5.471 |
5.510 |
6.132 |
|
Total borrowings |
8.495 |
7.891 |
9.137 |
|
Debt/Equity ratio |
2.340 |
2.134 |
2.523 |
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 |
35.840 |
35.840 |
37.286 |
|
|
|
0.000 |
4.035 |
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 |
35.840 |
35.840 |
37.286 |
|
Profit/loss |
0.090 |
0.068 |
(0.051) |
|
|
0.25% |
0.19% |
(0.14%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: 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 |
No |
|
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 |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans & Advances From Related Parties |
|
|
|
From Directors |
1.175 |
0.658 |
|
From Others |
0.206 |
0.206 |
|
|
|
|
|
Total |
1.381 |
0.864 |
CONTINGENT
LIABILITIES NOT PROVIDED FOR
1) Claims barring those made without reasonable basis not acknowledged as debts are disclosed as contingent liabilities.
2) Guarantees given by Bank – Counter Guaranteed by the Company Rs.2.473 Million (Previous Year Rs. 3.296 Million) against lodging with the Bank duly discharged fixed deposit receipts of Rs.1.172 Million.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10093857 |
04/03/2008 |
1,500,000.00 |
BANK OF INDIA |
GOREGAON (WEST) BR. CREADO HOUSE , STATION ROAD ,, |
A34947002 |
|
2 |
10069683 |
25/04/2013 * |
9,000,000.00 |
BANK OF INDIA |
GOREGAON (WEST) BRANCH, CREADO HOUSE,, NEAR MUNIC |
B76919299 |
|
3 |
90187967 |
20/01/2004 |
300,000.00 |
BANK OF INDIA |
GUREGAON BRANCH, CREADO HOUSE; STATION ROAD, BOMB |
- |
|
4 |
90187960 |
24/12/2003 |
1,200,000.00 |
BANK OF INDIA |
GUREGAON BRANCH, CREADO HOUSE; STATION ROAD, BOMB |
- |
|
5 |
90187530 |
10/11/1990 * |
161,000.00 |
BANK OF INDIA |
GUREGAON BRANCH, CREADO HOUSE; STATION ROAD, BOMB |
- |
|
6 |
90187479 |
16/09/2002 * |
675,000.00 |
BANK OF INDIA |
GUREGAON BRANCH, CREADO HOUSE; STATION ROAD, BOMB |
- |
|
7 |
90187387 |
15/12/1986 |
500,000.00 |
BANK OF INDIA |
GUREGAON BRANCH, CREADO HOUSE; STATION ROAD, BOMB |
- |
|
8 |
90187266 |
18/02/1987 * |
350,000.00 |
BANK OF INDIA |
GUREGAON BRANCH, BOMBAY, MAHARASHTRA - 400062, IND |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets:
- Factory Building & Premises
- Plant & Machinery
- Furniture & Fixtures
- Automobiles
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.96.52 |
|
Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
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.