MIRA INFORM REPORT
|
Report No. : |
335844 |
|
Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
G B R METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.4, Ramanan Road, Sowcarpet, Chennai 600079, Tamilnadu |
|
Tel. No.: |
91-44-25292151 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.03.2006 |
|
|
|
|
Com. Reg. No.: |
18-059316 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 21.095 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28112TN2006PTC059316 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Importer of
TMT Bars |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
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 |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
GBR Metals Private Limited (GBR), established in 2006, is engaged in
the manufacturing and trading of iron and steel products. It is an
established company having moderate track record. The rating GBR Metals Private Limited (GBR) are constrained by its relatively
smaller scale of operations, moderate financial risk profile marked by low
profit margins and working capital intensive nature of operations. The
ratings also factor in GBR’s exposure to volatility in raw material prices. The ratings, however draw strength from established track record, vast
experience of the promoters in the steel industry and wide distribution
network. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
June 25, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities A4+ |
|
Rating Explanation |
Minimal degree of safety. It carry very high credit risk |
|
Date |
June 25, 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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Vijay Bengani |
|
Designation : |
Accountant |
|
Contact No.: |
91-44-25292151 |
|
Date : |
06.08.2015 |
LOCATIONS
|
Registered Office : |
Office No.4, Ramanan Road, Sowcarpet, Chennai 600079, Tamilnadu, India
|
|
Tel. No.: |
91-44-25292151 |
|
Fax No.: |
91-44-25291095 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
295, G.N.T Road, Peravallur- Village, Panneri Taluka-601204,
Tamilnadu, India |
|
Tel. No.: |
91-44-27984719/27994445 |
|
Fax No.: |
91-44-27984729 |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Warehouse : |
No.50, Thendral Nagar, Main Road, Ambedkar Nagar, Thirumullaivoyal,
Chennai-600062, Tamilnadu, India |
DIRECTORS
As on 27.09.2014
|
Name : |
Mr. Vankatesh Rathi |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
#4, Ramanan Road, Chennai-600079, Tamil Nadu, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.09.1978 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
27.03.2006 |
||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00029441 |
||||||||||||||||||||||||||||||||||||
|
PAN No.: |
AEQPV3451C |
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Mahabir Prasad Periwal |
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|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
#4, Ramanan Road, Chennai-600079, Tamil Nadu, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.09.1957 |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
26.09.2009 |
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DIN No.: |
02287755 |
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|
Other
directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Vijay Bengani |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mr. Ramesh |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Yenkatesh Rathi |
|
102500 |
|
Narenora Kumar Rathi |
|
192500 |
|
Bansilal Rathi |
|
144000 |
|
Geeta Oeyi Rathi |
|
191000 |
|
Gangaohar Bansilal Rathi (HUF) |
|
103750 |
|
Nawal Kishore Rathi |
|
91000 |
|
Surekha Rathi |
|
135000 |
|
Rathi Bansilal Nawal Kishore(HUF) |
|
8750 |
|
Ashok Kumar Rathi |
|
184000 |
|
Sangeeta Rathi |
|
120000 |
|
Rathi Bansilal Ashok Kumar(HUF) |
|
8750 |
|
Vikramadity A Rathi |
|
25000 |
|
Pramita Rathi |
|
100000 |
|
Narendra Kumar Rathi (HUF) |
|
43750 |
|
Leather Links Mfg. and Export Private Limited |
|
300000 |
|
G.B.R. Enterpises Private Limited |
|
22000 |
|
Camphore Commodities Private Limited. |
|
174000 |
|
Grocer Trading Private Limited |
|
100000 |
|
G.B.R. Enterpises Private Limited |
|
63500 |
|
Total
|
|
2109500 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
31.00 |
|
Directors or relatives of Directors |
69.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of
TMT Bars |
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|
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Products : |
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash / Cheque / Credit |
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Purchasing : |
Cash / Cheque / Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
250 (Approximately) |
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Bankers : |
|
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Lakhotia and Reddy Chartered Accountant |
|
Address : |
No. 130, Mint Street Sowcarpet, Chennai-600079, Tamil Nadu, India |
|
PAN No.: |
AACFL8975H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Relatives of Key
management personnel : |
Melting Man Enterprises |
CAPITAL STRUCTURE
As on 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2109500 |
Equity Shares |
Rs.10/- each |
Rs. 21.095
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 |
21.095 |
21.095 |
21.095 |
|
(b) Reserves & Surplus |
161.977 |
174.867 |
165.440 |
|
(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) |
183.072 |
195.962 |
186.535 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
382.523 |
343.893 |
242.151 |
|
(b) Deferred tax liabilities (Net) |
13.735 |
11.220 |
10.894 |
|
(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) |
396.258 |
355.113 |
253.045 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
69.753 |
330.043 |
85.941 |
|
(c) Other
current liabilities |
214.725 |
0.457 |
91.559 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
1.524 |
|
Total Current
Liabilities (4) |
194.478 |
330.500 |
179.024 |
|
|
|
|
|
|
TOTAL |
773.808 |
881.575 |
618.604 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
292.920 |
113.063 |
125.859 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
70.786 |
0.607 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
146.097 |
169.547 |
181.831 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
439.017 |
353.396 |
308.297 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
242.518 |
268.476 |
188.562 |
|
(c) Trade
receivables |
89.674 |
240.302 |
118.444 |
|
(d) Cash
and cash equivalents |
2.599 |
19.401 |
3.301 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
334.791 |
528.179 |
310.307 |
|
|
|
|
|
|
TOTAL |
773.808 |
881.575 |
618.604 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1783.352 |
1489.754 |
1445.256 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1779.831 |
1470.087 |
1425.037 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.521 |
19.667 |
20.219 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
13.897 |
9.796 |
9.969 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
BEFORE TAX |
(10.376) |
9.871 |
10.250 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(2.515) |
0.325 |
0.971 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ LOSS
AFTER TAX |
(7.861) |
9.546 |
9.279 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(3.72) |
4.52 |
4.39 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
180.000 |
The above information has been parted by Mr. Vijay (Accountant)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.44) |
0.64 |
0.64 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
0.20 |
1.32 |
1.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.34) |
1.22 |
1.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.06) |
0.05 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.09 |
1.75 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72 |
1.60 |
1.73 |
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 |
21.095 |
21.095 |
21.095 |
|
Reserves & Surplus |
165.440 |
174.867 |
161.976 |
|
Net
worth |
186.535 |
195.962 |
183.071 |
|
|
|
|
|
|
long-term borrowings |
242.151 |
343.894 |
382.524 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
242.151 |
343.894 |
382.524 |
|
Debt/Equity
ratio |
1.298 |
1.755 |
2.089 |
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) |
|
Total Income |
1445.256 |
1489.754 |
1783.352 |
|
|
|
3.079 |
19.708 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1445.256 |
1489.754 |
1783.352 |
|
Profit |
9.279 |
9.546 |
(7.861) |
|
|
0.64% |
0.64% |
(0.44%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of establishment |
Yes |
|
2] |
Constitution of the entity -Incorporation
details |
Yes |
|
3] |
Locality of the entity |
Yes |
|
4] |
Premises details |
No |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
9] |
Promoter’s background |
Yes |
|
10] |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11] |
Pan Card No. of Proprietor / Partners |
Yes |
|
12] |
Voter Id Card No. of Proprietor / Partners |
No |
|
13] |
Type of business |
Yes |
|
14] |
Line of Business |
Yes |
|
15] |
Export/import details (if applicable) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
Yes |
|
18] |
Major suppliers |
Yes |
|
19] |
Major customers |
Yes |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
Yes |
|
22] |
Conduct of the banking account |
-- |
|
23] |
Financials, if provided |
Yes |
|
24] |
Capital in the business |
Yes |
|
25] |
Last accounts filed at ROC, if applicable |
Yes |
|
26] |
Turnover of firm for last four years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
No |
|
29] |
Profitability for last three years |
Yes |
|
30] |
Major shareholders, if available |
Yes |
|
31] |
External Agency Rating, if available |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
UNSECURED LOAN |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Loans and advances form directors |
4.020 |
7.520 |
|
|
|
|
|
Total |
4.020 |
7.520 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10032005 |
27/06/2014 * |
494,200,000.00 |
VIJAYA BANK |
MYLAPORE BRANCH, NO.12, KAPALEESWARAR SANNIDHI ST |
C25082652 |
* Date of charge modification
FIXED ASSETS
- Computers
- Vehicle
- Office
equipment
- Plant and
machinery
- Furniture and
fixture
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.63.81 |
|
|
1 |
Rs.99.15 |
|
Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
34 |
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.