MIRA INFORM REPORT

 

 

Report No. :

336129

Report Date :

11.08.2015

 

IDENTIFICATION DETAILS

 

Name :

KIRPEKAR ENGINEERING PRIVATE LIMITED

 

 

Registered Office :

Plot No.  8 A, Raisoni Industrial Park, MIDC, Phase - II, Hinjewadi, At Post Maan, Mulshi, Pune – 411057, Maharashtra

Tel. No.:

91-20.66741600

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

26.12.1994

 

 

Com. Reg. No.:

11-084057

 

 

Capital Investment / Paid-up Capital :

Rs. 15.000 Million

 

 

CIN No.:

[Company Identification No.]

U32103PN1994PTC084057

 

 

IEC Code :

3195003759

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

PNEK00942E

 

 

PAN No.:

[Permanent Account No.]

AAACK8683L

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Welding Machine, Special Purpose Machine, etc.

 

 

No. of Employees :

94 (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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

Rating takes into account of extensive experience of KEPL’s promoters in manufacturing welding machines, supported by diversified product portfolio along with above-average financial risk profile and sound debt protection metrics 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 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 – 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

18.03.2015

 

Rating Agency Name

CRISIL

Rating

Short term rating = A4+

Rating Explanation

Minimal degree of safety and very high credit risk

Date

18.03.2015

 

 

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 31-03-2013.

 

 

INFORMATION PARTED BY (GENERAL DETAILS)

 

Name :

Mr. Sunil Dhume

Designation :

Accountant

Contact No.:

91-20-66741600

Date :

10.08.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

Plot No.  8 A, Raisoni Industrial Park, MIDC, Phase - II, Hinjewadi, At Post Maan, Mulshi, Pune – 411057, Maharashtra, India

Tel. No.:

91-20-66741600

Fax No.:

91-20-66741601

E-Mail :

accounts@kirpekasengg.com

sales@kirpekarengg.com

Website :

http://www.kirpekarengg.com

Location :

Owned

Locality :

Commercial

 

 

DIRECTORS

 

AS ON 27.08.2014

 

Name :

Mr. Ajit Vishwas Kirpekar

Designation :

Whole-Time Director

Address :

Flat No. 202, Zeus Apartments, Plot No. 8, Pushpak Park, Aundh, Pune - 411007, Maharashtra, India

Date of Birth/Age :

08.02.1975

Date of Appointment :

01.04.2001

DIN No.:

01536286

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U32103PN1994PTC084057

KIRPEKAR ENGINEERING PRIVATE LIMITED

Whole-time director

01/04/2001

01/04/2001

Active

NO

2

U29253PN2011PTC141773

KIRPEKAR MICRO TOOL AND MACHINE PRIVATE LIMITED

Managing director

19/10/2012

24/12/2011

Active

NO

3

U29253PN2012PTC143213

DIMECO KIRPEKAR METAL FORMING SOLUTIONS PRIVATE LIMITED

Director

30/04/2012

30/04/2012

Active

NO

 

 

Name :

Mr. Vishwas Shivram Kirpekar

Designation :

Managing Director

Address :

Shradha, 27A Rambag Colony, Paud Road, Pune - 411038, Maharashtra, India

Date of Birth/Age :

01.03.1996

Date of Appointment :

01.03.1996

DIN No.:

01569248

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U32103PN1994PTC084057

KIRPEKAR ENGINEERING PRIVATE LIMITED

Managing director

01/03/1996

01/03/1996

Active

NO

2

U29253PN2011PTC141773

KIRPEKAR MICRO TOOL AND MACHINE PRIVATE LIMITED

Director

23/12/2011

23/12/2011

Active

NO

3

U29253PN2012PTC143213

DIMECO KIRPEKAR METAL FORMING SOLUTIONS PRIVATE LIMITED

Managing director

08/10/2012

30/04/2012

Active

NO

 

 

Name :

Mrs. Vrinda Vishwas Kirpekar

Designation :

Whole-Time Director

Address :

Shradha, 27A Rambag Colony, Paud Road, Pune - 411038, Maharashtra, India

Date of Birth/Age :

06.12.1953

Date of Appointment :

26.12.1994

DIN No.:

01569275

 

 

Name :

Mrs. Shilpa Ajit Kirpekar

Designation :

Director

Address :

Duplex 25, The Woods, Near Kalewadi Phata, Wakad, Pune - 411057, Maharashtra, India

Date of Birth/Age :

13.02.1977

Date of Appointment :

27.08.2013

DIN No.:

06622437

 

 

KEY EXECUTIVES

 

Name :

Mr. Sunil Dhume

Designation :

Accountant

 

 

 

 

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.08.2014

 

Names of Shareholders

No. of Shares

 

Chintaman Shivram Kirpekar

20000

Manjiri Ulhas Kirpekar

2000

Vivek Chintaman Kirpekar

20000

Shilpa Ajit Kirpekar

52000

Vishwas Shivram Kirpekar

1240000

Vrinda Vishwas Kirpekar

920000

Ajit vishwas Kirpekar

606000

Sujit Vishwas Kirpekar

140000

 

 

Total

 

3000000

 

 

AS ON 30.10.2014

 

Names of Allottees

No. of Shares

 

Chintaman Shivram Kirpekar

6000

Vivek Chintaman Kirpekar Joint Holder Anuradha Vivek Kirpekar

6000

Shilpa Ajit Kirpekar Joint Holder Ajit Vishwas Kirpekar

15600

Vishwas Shivram Kirpekar Joint Holder Ajit Vishwas Kirpekar

372000

Vrinda Vishwas Kirpekar Joint Holder Ajit Vishwas Kirpekar

276000

Ajit Vishwas Kirpekar Joint Holder Shilpa Ajit Kirpekar

182400

Sujit Vishwas Kirpekar Joint Holder Shruti Mulay

42000

 

 

Total

 

900000

 

 

AS ON 27.08.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Welding Machine, Special Purpose Machine, etc.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Finished Goods

Countries :

Germany

 

 

Imports :

 

Products :

Electrical Part

Countries :

Japan

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

 

PRODUCTION STATU (AS ON 31.03.2014)

 

Products

Licensed Capacity

Installed Capacity

Actual Production

Welding Machines and Accessories

NA

NA

177435730

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Retailers and End Users

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

94 (Approximately)

 

 

Bankers :

Bank Name:

Bank of Baroda

Branch:

Paud Road Branch, Saraswati Bhavan, 46/1, Paud Road,Kothrud, Pune - 411038, Maharashtra, India

Person Name (with Designation):

Not Divulged

Contact Number:

91-20-5431827

Name of Account Holder:

Kirpekar Engineering Private Limited

Account Number:

20020500000019

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Cash Credit and Bank Guarantee = Rs. 30.000 Million

Account Operation:

Not Divulged

Remarks:

Not Responding Properly

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Loans and Advances from related parties (members)

10.300

8.590

Bank of Baroda – Machinery term loan (Term loan of Rs. 5.500 million from bank of Baroda is secured by way of hypothecation of stock of raw materials, finished goods. Semi-finished goods and components and machineries and debtors and also by way of equitable mortgage of Factory Land and Building at Mann)

3.847

0.000

Daimler Financial services India Private Limited – Car Loan

2.033

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Secured repayable on demand from bank

 

 

Bank of Baroda – cash Credit A/C

(Cash Credit of Rs. 20.000 Million from Bank of Baroda is secured by way of hypothecation of stock of raw materials finished goods, semi- finished goods and components and machineries and debtors and also by way of equitable mortgage of factory Land and Building at Mann)

13.233

17.285

Interest on Machinery term loan payable

0.039

0.000

Bank of Baroda – Machinery term Loan

1.099

0.000

Daimler Financial services India Private Limited – Car Loan

1.355

0.000

 

 

 

Total

 

31.906

25.875

 

Auditors :

 

Name :

L. B. Bapat and Associates

Chartered Accountants

Address :

Shakuntal' Law College Road, Pune – 411004, Maharashtra, India

Income-tax PAN of auditor or auditor's firm :

ABTPB3671L

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AFTER 27.08.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

4,000,000

Equity Shares

Rs. 10/- each

Rs. 40.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3,900,000

Equity Shares

Rs. 10/- each

Rs. 39.000 Million

 

 

 

 

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

4,000,000

Equity Shares

Rs. 10/- each

Rs. 40.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

15,00,000

Equity Shares

Rs. 10/- each

Rs. 15.000 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

15.000

15.000

6.000

(b) Reserves & Surplus

63.159

54.869

45.012

(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)

78.159

69.869

51.012

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

16.180

8.590

10.600

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

0.899

0.797

0.839

(d) long-term provisions

0.229

0.001

0.000

Total Non-current Liabilities (3)

17.308

9.388

11.439

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

15.726

17.285

13.542

(b) Trade payables

5.100

9.597

13.144

(c) Other current liabilities

15.436

15.814

23.344

(d) Short-term provisions

3.510

4.049

1.836

Total Current Liabilities (4)

39.772

46.745

51.866

 

 

 

 

TOTAL

135.239

126.002

114.317

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

47.523

37.870

41.828

(ii) Intangible Assets

0.280

0.267

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

7.845

5.610

0.500

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

21.294

3.280

2.625

(e) Other Non-current assets

0.413

0.000

0.000

Total Non-Current Assets

77.355

47.027

44.953

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

25.511

34.242

28.059

(c) Trade receivables

22.537

36.440

30.304

(d) Cash and cash equivalents

3.341

0.985

7.763

(e) Short-term loans and advances

4.212

3.891

0.607

(f) Other current assets

2.283

3.417

2.631

Total Current Assets

57.884

78.975

69.364

 

 

 

 

TOTAL

135.239

126.002

114.317

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

177.897

171.432

 

 

Other Income

3.485

3.963

 

 

 

TOTAL                                    

181.382

175.395

182.527

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

163.917

156.508

166.249

 

 

 

 

 

 

PROFIT/ (LOSS) BEFORE TAX

17.465

18.887

16.278

 

 

 

 

 

Less

TAX                                                                 

5.665

5.520

5.300

 

 

 

 

 

 

PROFIT/ (LOSS) AFTER TAX

11.800

13.367

10.978

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

Export of Goods

83.898

32.742

27.430

 

Installation Charges

0.776

0.000

0.000

 

Sales Commission

0.000

0.030

0.000

 

TOTAL EARNINGS

84.674

32.772

27.430

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Raw Materials

32.538

33.220

17.265

 

 

 

 

 

 

Earnings Per Share (Rs.)

7.87

8.91

7.32

 

 

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

(916.719)

NA

 

 

 

 

Net Cash Flow from Operating activities

NA

(916.719)

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

6.63

7.80

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

13.71

15.69

14.30

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.22

0.27

0.32

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

0.41

0.37

0.47

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.46

1.69

1.34

 

 

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

6.000

15.000

15.000

Reserves & Surplus

45.012

54.869

63.159

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

51.012

69.869

78.159

 

 

 

 

Long-term borrowings

10.600

8.590

16.180

Short term borrowings

13.542

17.285

15.726

Total borrowings

24.142

25.875

31.906

Debt/Equity ratio

0.473

0.370

0.408

 

 

 

 

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

182.527

175.395

181.382

 

 

(3.907)

3.413

 

 

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

182.527

175.395

181.382

Profit

10.978

13.367

11.800

 

6.01%

7.62%

6.51%

 

 

 

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

No

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

No

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

Yes

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

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10456869

09/10/2013

5,500,000.00

BANK OF BARODA

PAUD ROAD BRANCH, SARASWATI BHAVAN, 46/1, PAUD ROAD,KOTHRUD, PUNE - 411038, MAHARASHTRA, INDIA

B88090956

2

90084600

01/10/2014 *

50,000,000.00

BANK OF BARODA

PAUD ROAD BRANCH, SARASWATI BHAVAN, 46/1, PAUD ROAD, KOTHRUD, PUNE - 411038, MAHARASHTRA, INDIA

C25924309

 

* Date of charge modification

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the Company has been shifted from Sharaddha 27, Arambagh Colony, Paud Road, Pune - 411038, Maharashtra, India to the present address w.e.f. 15.06.2006

 

 

 


OPERATIONS:

 

During the year ended on 31st March, 2014 Sales and other income amounted to Rs. 181.382 Million in comparison to Rs. 175.395 Million in the previous year. Company has made net profit of Rs. 11.800 million in comparison to net profit of Rs. 13.367 Million in the previous year.

 

 

FIXED ASSETS:

 

·         Plant and Machinery

·         Land

·         Furniture

·         Flect Installation

·         Tools

·         Factory

·         Computer

·         Communication Equipment

·         Air Conditioner

·         Corolla Car

·         Office Equipment’s

·         Ato Car

·         Motor Cycle

·         Active Scooter

·         Soler Energy Devices Systems

·         Software

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.63.76

UK Pound

1

Rs.98.76

Euro

1

Rs.69.88

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ARC

 

 

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

--PROFITABILIRY

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

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

 

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

 

--

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.