MIRA INFORM REPORT
|
Report No. : |
335848 |
|
Report Date : |
08.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
NIMIT STEELS AND ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Kailash Esplande, C-417A, 4th Floor, LBS Marg, Opposite
Shreyas Talkies, Ghatkoper, Mumbai – 400086, Maharashtra |
|
Tel. No.: |
91-22-42465406 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.04.2003 |
|
|
|
|
Com. Reg. No.: |
11-139994 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.55.376 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2003PTC139994 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN10447D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCN7969D |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of trading, exporting and importing
of iron and steel products wire. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflects the extensive experience of NSAPL’S promoter in
the steel trading industry supported by sound financial base and fair
liquidity profile of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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 – 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 |
CRISIL |
|
Rating |
Long term rating: BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
13.06.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
13.06.2014 |
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. Vikas |
|
Designation : |
Accounts Officer |
|
Contact No.: |
91-22-42465406 |
|
Date : |
06.08.2015 |
LOCATIONS
|
Registered Office : |
Kailash Esplanade, C-417A, 4th Floor, LBS Marg, Opposite Shreyas
Talkes, Ghatkopar, Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-42465406 (Account Officer) |
|
Mobile No.: |
91-9004669600 (Mr. Akshay) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
D-225, Swstik Disa Corporate Park, LBS Road, Opposite Shreyas Cinema, Ghatkopar
(West), Mumbai-400086, Maharashtra, India |
|
|
|
|
Godown 1 : |
Located At: Dahisar, Mumbai, Maharashtra, India |
|
|
|
|
Godown 2 : |
Plot No.572, Kalamboli Warehousingh Complex, Navi Mumbai – 410218,
Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Haresh Pragji Bhansali |
|
Designation : |
Director |
|
Address : |
702, Siddhi Apartment Tilak Road, Ghatkopar (East), Mumbai – 400077,
Maharashtra, India |
|
Date of Birth/Age : |
04.10.1955 |
|
Date of Appointment : |
23.03.2010 |
|
PAN No.: |
AAAHB2403C |
|
DIN No.: |
00222412 |
|
|
|
|
Name : |
Mr. Akshay Haresh Bhansali |
|
Designation : |
Director |
|
Address : |
702, Siddhi Apartment Tilak Road, Ghatkopar (East), Mumbai – 400077,
Maharashtra, India |
|
Date of Birth/Age : |
20.06.1979 |
|
Date of Appointment : |
23.03.2010 |
|
PAN No.: |
AABPB9035H |
|
DIN No.: |
01864287 |
KEY EXECUTIVES
|
Name : |
Mr. Vikas Goenka |
|
Designation : |
Account Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Bhansali Akshay Hetal |
904410 |
|
Haresh Pragaji Bhansali (HUF) |
441450 |
|
Akshay Haresh Bhansali (HUF) |
441450 |
|
Bhansali Haresh Akshay |
441450 |
|
Bhansali Akshay Meru |
882932 |
|
Bhansali Pragati Haresh |
527470 |
|
Bhansali Haresh Rajeshwari |
441450 |
|
Mehta Jayantkumar Milan |
441450 |
|
Mehta Vakatchand Jayantkumar |
85468 |
|
Jagdhara Dealcomm Private Limited, India |
325000 |
|
Aadhar Ventures India Limited, India |
175000 |
|
EMI Transmission Limited, India |
430100 |
|
TOTAL
|
5537630 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
10.00 |
|
Directors or relatives of Directors |
72.34 |
|
Other top fifty shareholders |
17.66 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of trading, exporting and importing
of iron and steel products wire. |
|
|
|
|
Products : |
Iron and steel products wire |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
30 (Approximately) |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Vinod K Mehta and company Chartered Accountants |
|
Address : |
B/5, Satyam Shopping Centre, 2nd Floor, M G Road, Ghatkopar (East) Mumbai
– 400077, Maharashtra, India |
|
Tel. No.: |
91-22-21024280 |
|
Fax No.: |
91-22-67255633 |
|
Email: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFV6947N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Other Related Parties : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,537,630 |
Equity Shares |
Rs.10/- each |
Rs. 55.376 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 |
55.376 |
55.376 |
50.000 |
|
(b) Reserves &
Surplus |
221.692 |
203.256 |
173.068 |
|
(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) |
277.068 |
258.632 |
223.068 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
182.180 |
107.463 |
146.870 |
|
(b) Deferred tax
liabilities (Net) |
4.252 |
4.114 |
4.125 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.525 |
0.532 |
0.332 |
|
Total Non-current
Liabilities (3) |
186.957 |
112.109 |
151.327 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
345.043 |
253.794 |
110.844 |
|
(b) Trade payables |
1189.539 |
865.508 |
854.316 |
|
(c) Other current
liabilities |
0.000 |
3.255 |
2.989 |
|
(d) Short-term provisions |
8.373 |
4.143 |
1.908 |
|
Total Current Liabilities
(4) |
1542.955 |
1126.700 |
970.057 |
|
|
|
|
|
|
TOTAL |
2006.980 |
1497.441 |
1344.452 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
83.805 |
73.270 |
53.644 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
9.603 |
7.493 |
0.007 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.928 |
10.904 |
5.538 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
98.336 |
91.667 |
59.189 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
503.463 |
410.077 |
388.518 |
|
(c) Trade receivables |
1019.711 |
678.662 |
473.352 |
|
(d) Cash and cash
equivalents |
321.576 |
283.183 |
395.791 |
|
(e) Short-term loans and
advances |
63.530 |
33.396 |
27.520 |
|
(f) Other current assets |
0.364 |
0.456 |
0.082 |
|
Total Current Assets |
1908.644 |
1405.774 |
1285.263 |
|
|
|
|
|
|
TOTAL |
2006.980 |
1497.441 |
1344.452 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
3577.101 |
2724.392 |
1927.100 |
|
|
Other Income |
3.913 |
4.835 |
2.252 |
|
|
TOTAL |
3581.014 |
2729.227 |
1929.352 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
3474.446 |
2556.618 |
1865.273 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(93.386) |
(21.559) |
(96.456) |
|
|
Employees benefits
expense |
19.065 |
18.944 |
18.129 |
|
|
Other expenses |
50.905 |
57.178 |
25.895 |
|
|
TOTAL |
3451.030 |
2611.181 |
1812.841 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
129.984 |
118.046 |
116.511 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
100.232 |
98.757 |
89.108 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
29.752 |
19.289 |
27.403 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.477 |
1.236 |
1.301 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
28.275 |
18.053 |
26.102 |
|
|
|
|
|
|
|
Less |
TAX |
9.839 |
7.488 |
8.953 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
18.436 |
10.565 |
17.149 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
3.33 |
1.91 |
3.10 |
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 |
|
Cash generated from operating activities |
(57.313) |
(75.617) |
121.368 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.52 |
0.39 |
0.89 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.63 |
4.33 |
6.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.42 |
1.21 |
1.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.07 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.90 |
1.40 |
1.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.25 |
1.32 |
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 |
50.000 |
55.376 |
55.376 |
|
Reserves & Surplus |
173.068 |
203.256 |
221.692 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
223.068 |
258.632 |
277.068 |
|
|
|
|
|
|
long-term borrowings |
146.870 |
107.463 |
182.180 |
|
Short term borrowings |
110.844 |
253.794 |
345.043 |
|
Total borrowings |
257.714 |
361.257 |
527.223 |
|
Debt/Equity ratio |
1.155 |
1.397 |
1.903 |
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 |
1927.100 |
2724.392 |
3577.101 |
|
|
|
41.373 |
31.299 |
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 |
1927.100 |
2724.392 |
3577.101 |
|
Profit |
17.149 |
10.565 |
18.436 |
|
|
0.89% |
0.39% |
0.52% |
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 |
No |
|
19 |
Major customers |
No |
|
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 three 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 LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
54.127 |
74.008 |
|
Other loans and advances |
127.476 |
33.364 |
|
SHORT TERM
BORROWINGS |
|
|
|
Working capital loans from banks |
345.043 |
253.794 |
|
Total |
526.646 |
361.166 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10573526 |
16/05/2015 |
100,000,000.00 |
BANK OF INDIA |
SAKINAKA MID CORPORATE BRANCH, SAGAR TECH PLAZA,, |
C55774897 |
|
2 |
10535850 |
11/12/2014 |
30,000,000.00 |
BANK OF INDIA |
SAKINAKA MID CORP BRANCH, SAGAR TECH PLAZA,, ANDH |
C36523611 |
|
3 |
10470378 |
13/12/2013 |
20,000,000.00 |
BANK OF INDIA |
SAKINAKA MID CORPORATE BR., SAGAR TECH PLAZA
"B",, |
B93564649 |
|
4 |
10411178 |
22/02/2013 |
100,000,000.00 |
BANK OF INDIA |
SAKINAKA MID CORPORATE BRANCH,SAGAR TECH PLAZA,, |
B70581400 |
|
5 |
10356194 |
28/04/2012 |
75,000,000.00 |
BANK OF INDIA |
SAKINAKA MID CORPORATE BR, SAGAR TECH PLAZA,, AND |
B39796685 |
|
6 |
10310763 |
01/08/2013 * |
750,000,000.00 |
BANK OF INDIA |
SAKINAKA MID CORPORATE BR., SAGAR TECH PLAZA,,
"B |
B83083675 |
|
7 |
10310765 |
16/05/2015 * |
850,000,000.00 |
BANK OF INDIA |
SAKINAKA MID CORPORATE BR., SAGAR TECH PLAZA,,
"B |
C55774970 |
|
8 |
10212680 |
09/04/2015 * |
570,000,000.00 |
CORPORATION BANK |
WADALA BRANCH, INDIA PRINTING HOUSE, 42,, G. D. |
C52305190 |
* Date of charge modification
OPERATIONS AND
OUTLOOK
During the year the company earned an income by way of revenue from operations and other income of Rs. 3581.013 Million as against Rs. 2729.226 Million achieved during the corresponding period of previous year. After offsetting the expenses the company made during the year a Profit (before tax) of Rs. 28.274 Million as against Rs. 18.053 Million achieved during the corresponding period of previous year. The directors are optimistic about the future of the company.
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipments
- Other 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. 63.81 |
|
|
1 |
Rs. 98.93 |
|
Euro |
1 |
Rs. 69.66 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
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 |
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 |
|
43 |
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.