MIRA INFORM REPORT

 

 

Report No. :

336299

Report Date :

12.08.2015

 

IDENTIFICATION DETAILS

 

Name :

SHREE BALAJI LUMBERS PRIVATE LIMITED

 

 

Registered Office :

B – 115, 116 Navratan Residency, Near Holiday, Village Resort, Meghpar Borich, Gandhidham – 370201, Gujarat, India

Mob. No.:

91-9825226347 (Mr. Devkinandan Bannsal)

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

25.03.2008

 

 

Com. Reg. No.:

04-053329

 

 

Capital Investment / Paid-up Capital :

Rs. 6.000 Million

 

 

CIN No.:

[Company Identification No.]

U52342GJ2008PTC053329

 

 

IEC No.:

3708000366

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

RKTS06182B

 

 

PAN No.:

[Permanent Account No.]

AALCS7866C

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Exporter of boards, Wood, Vineers, timber, Timber Logs, Plywood, Furniture, Fixtures, Wooden Packing Cases, Wooden Domestic Appliances, Windows, Doors, etc.

 

 

No. of Employees :

Not Divulged

 

 

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 :

Slow but correct

 

 

Litigation :

Exist

 

 

Comments :

Subject is an established company having satisfactory track record.

 

Profitability of the company seems to be low during 2014. However, General financial position of the company seems to be decent.

 

Trade relations are reported as fair. Business is active. Payment terms are reported to be slow but 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

 

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 31-03-2013.

 

 

INFORMATION DECLINED BY

 

Name :

Mr. Devkinandan Bannsal

Designation :

Director

Contact No.:

91-9825226347

Date :

11.08.2015

 

 

LOCATIONS

 

Registered Office :

B – 115, 116 Navratan Residency, Near Holiday, Village Resort, Meghpar Borich, Gandhidham – 370201, Gujarat, India

Tel. No.:

Not Available

Mobile No.:

91-9825226347 (Mr. Devkinandan Bannsal)

Fax No.:

Not Available

E-Mail :

arun@lahotiandlahoti.com

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Devkinandan T. Bansal

Designation :

Director

Address :

B – 102, Apna Nagar, Gandhidham, Kutch – 370201, Gujarat, India

Date of Birth/Age :

15.08.1969

Date of Appointment :

25.03.2008

DIN No.:

00485684

 

 

Name :

Renu Devkinandan Bansal

Designation :

Director

Address :

102, Sapna Nagar, Gandhidham, Kutch – 370201, Gujarat, India

Date of Birth/Age :

07.11.1975

Date of Appointment :

25.03.2008

DIN No.:

02044787

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

No. of Shares

 

Percentage of Holding

Devkinandan Trilokchand Bansal

5000

0.83

Renu Devkinandan Bansal

5000

0.83

Keshav Wood International Holding Through Partners Devkinandan Bansal and Renu Bansal

590000

98.33

 

 

 

Total

 

600000

100.00

 

 

 

 

AS ON 30.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

 

 

Total

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Exporter of boards, Wood, Vineers, timber, Timber Logs, Plywood, Furniture, Fixtures, Wooden Packing Cases, Wooden Domestic Appliances, Windows, Doors, etc.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

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

 

·         Amul Boards Private Limited

·         Alkemal Singapore Pte. Limited

·         ATM Global Pte. Limited

·         Natural Forest Pte. Limited

·         Olam International Limited

·         SP Kothari

·         Smita Exlm Private Limited (Gandhinagar, Gujarat, India)

·         Shekher Al Kabir

·         Purbanchal Laminates Private Limited

·         Purbanchal Lumbers Private Limited

 

 

Customers :

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

 

·         Luck Art and Craft

·         Jawahar Saw Mills Private Limited – Raigad, Maharashtra, India

·         Coastal Overseas Trade Corporation – Chennai, Tamilnadu, India

·         J.P. Singhal and Company

·         Garg trading Company

·         Baba Plywood – Delhi, India

·         G.R. Enterprises – Ahmadabad, Gujarat, India

·         Mahavir Enterprises – Pune, Maharashtra, India

·         Manmohan Singh Marketing (I) Private Limited – Indore, India

·         Associates Lumbers Private Limited – Mumbai, Maharashtra, India

 

 

No. of Employees :

Not Divulged

 

 

Bankers :

Bank Name:

Not Divulged

Branch:

Not Divulged

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

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

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

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

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         Dena Bank, Plot No. 13, Sector – 9, Gandhidham – 370201, Gujarat, India

·         HDFC Bank Limited,

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

HDFC Bank Limited

0.000

3.715

 

 

 

Total

 

0.000

3.715

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Lahoti and Lahoti

Chartered Accountants

Address :

1st Floor, Akshat House, Plot No. 220, Sector No. 1-A, Gandhidham – 370201, Gujarat, India

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

AFAPK5287N

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AFTER 30.09.2014

 

Authorised Capital : Rs. 75.000 Million

 

Issued, Subscribed & Paid-up Capital : Rs. 69.000 Million

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

750,000

Equity Shares

Rs. 10/- each

Rs. 7.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

600,000

Equity Shares

Rs. 10/- each

Rs. 6.000 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

6.000

6.000

6.000

 

(b) Reserves & Surplus

40.315

35.192

31.116

 

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

 

 

 

 

(2) Share Application money pending allotment

63.000

33.000

13.000

 

 

Total Shareholders’ Funds (1) + (2)

109.315

74.192

50.116

 

 

 

 

 

 

(3) Non-Current Liabilities

 

 

 

 

(a) Long-term borrowings

6.620

5.970

23.672

 

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

 

(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)

6.620

5.970

23.672

 

 

 

 

 

 

(4) Current Liabilities

 

 

 

 

(a) Short term borrowings

0.000

3.715

6.950

 

(b) Trade payables

306.748

210.880

116.754

 

(c) Other current liabilities

6.698

1.762

1.019

 

(d) Short-term provisions

3.056

2.399

1.389

 

Total Current Liabilities (4)

316.502

218.756

126.112

 

 

 

 

 

 

TOTAL

432.437

298.918

199.900

 

 

 

 

 

 

II.            ASSETS

 

 

 

 

(1) Non-current assets

 

 

 

 

(a) Fixed Assets

 

 

 

 

(i) Tangible assets

1.583

1.798

1.848

 

(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

47.275

24.890

19.616

 

(c) Deferred tax assets (net)

0.177

0.171

0.169

 

(d)  Long-term Loan and Advances

21.721

0.015

10.267

 

(e) Other Non-current assets

0.000

0.000

0.000

 

Total Non-Current Assets

70.756

26.874

31.900

 

 

 

 

 

 

(2) Current assets

 

 

 

 

(a) Current investments

0.000

0.000

0.000

 

(b) Inventories

127.586

148.345

64.048

 

(c) Trade receivables

219.101

101.748

87.641

 

(d) Cash and cash equivalents

7.323

0.967

0.365

 

(e) Short-term loans and advances

7.671

20.984

15.925

 

(f) Other current assets

0.000

0.000

0.000

 

(g) Miscellaneous Expenses

0.000

0.000

0.021

 

Total Current Assets

361.681

272.044

168.000

 

 

 

 

 

 

TOTAL

432.437

298.918

199.900

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

TOTAL                                    

851.612

685.103

515.004

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

844.013

679.207

510.763

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

7.599

5.896

4.241

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

(0.322)

(0.326)

(0.352)

 

 

 

 

 

 

PROFIT BEFORE TAX

7.921

6.222

4.593

 

 

 

 

 

Less

TAX                                                     

2.477

1.824

1.313

 

 

 

 

 

 

PROFIT AFTER TAX

5.444

4.398

3.280

 

 

 

 

 

 

Earnings Per Share (Rs.)

9.07

7.33

5.47

 

 

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 Flow from used in Operations

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.06

2.27

2.55

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.07

0.08

0.09

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

0.06

0.13

0.61

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.14

1.24

1.33

 

 

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

6.000

6.000

Reserves & Surplus

31.116

35.192

40.315

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

13.000

33.000

63.000

Net worth

50.116

74.192

109.315

 

 

 

 

Long-term borrowings

23.672

5.970

6.620

Short term borrowings

6.950

3.715

0.000

Total borrowings

30.622

9.685

6.620

Debt/Equity ratio

0.611

0.131

0.061

 

 

 

 

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

515.004

685.103

851.612

 

 

33.029

24.304

 

 

 

 

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

515.004

685.103

851.612

Profit

3.280

4.398

5.444

 

0.64%

0.64%

0.64%

 

 

 

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)

No

16

No. of employees

No

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

--

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

No

32

Litigations that the firm/promoter involved in

Yes

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

 

LITIGATION DETAILS

 

 

HIGH COURT OF GUJARAT

TAX APPEAL No. 779 of 2014

[GROUP 00681-00816]

STATUS : PENDING           (CONVERTED FROM : O/ST/1509/2014)         CCIN NO : 001092201400779

 

LAST LISTING DATE: 21/08/2014                            NOT BEFORE :   HONOURABLE MR.JUSTICE Z.K.SAIYED

CORAM :  HONOURABLE MS.JUSTICE HARSHA DEVANI

            HONOURABLE MS JUSTICE SONIA GOKANI

 

S.NO.

 

NAME OF THE PETITIONER

ADVOCATE ON RECORD

1

COMMISSIONER OF CUSTOMS KANDLA

MR YN RAVANI for: Appellant(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

 

S.NO.

 

NAME OF THE PETITIONER

ADVOCATE ON RECORD

1

SHREE BALAJI LUMBERS PRIVATE LIMTED

--

PRESENTED ON : 10/06/2014                                                    REGISTERED ON: 21/07/2014

BENCH CATEGORY : --                                                              DISTRICT: AHMEDABAD

CASE ORIGINATED FROM : THROUGH HIS/HER/THEIR ADVOCATE  LISTED : 3 TIMES

STAGE NAME : ADJOURNED MATTERS

CLASSIFICATION: DB - OJ - TAX APPEAL - CENTRAL EXCISE ACT, 1944 - UNDER SECTION 35G

ACT: CENTRAL EXCISE RULES, 1944

 

OTHER FORUMS

 

S.NO.

CASEDETAILS

TRIBUNAL REFERRENCE

ORDER PASSED BY

JUDGEMENT DATE

PLACE

1

A/11413-11548/2013

CESTAT WEST ZONAL BENCH AHMEDABAD

TECHNICAL MEMBER AND JUDICIAL MEMBER

30/10/2013

AHMEDABAD

 

OFFICE DETAILS

 

S. NO.

FILING DATE

DOCUMENT NAME

ADVOCATE NAME

COURT FEE ON DOCUMENT

DOCUMENT DETAILS

1

10/06/2014

APPEARANCE NOTE

MR YN RAVANI ADVOCATE for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

0

MR YN RAVANI(718) for P:1

2

10/06/2014

CERTIFIED COPY

MR YN RAVANI ADVOCATE for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

6

MR YN RAVANI(718), for P:1

3

10/06/2014

MEMO OF PETITION/APPEAL/SUIT

MR YN RAVANI ADVOCATE for PETITIONER(s) http://gujarathc-casestatus.nic.in/gujarathc/images/arrow1.png 1

50

MR YN RAVANI(718), for P:1

 

COURT PROCEEDINGS

 

S. NO.

NOTIFIED DATE

COURT CODE

BOARD SR. NO.

STAGE

ACTION

CORAM

1

24/07/2014

10

20

FOR OFFICE OBJECTION

NEXT DATE

·         HONOURABLE MR.JUSTICE M.R.SHAH 

·         HONOURABLE MR.JUSTICE K.J.THAKER

2

20/08/2014

10

3

ADMISSION (FRESH MATTERS)

NEXT DATE

·         HONOURABLE MS.JUSTICE HARSHA DEVANI 

·         HONOURABLE MS JUSTICE SONIA GOKANI

3

21/08/2014

10

8

ADJOURNED MATTERS

ADJOURNMENT SINE DIE

·         HONOURABLE MS.JUSTICE HARSHA DEVANI 

·         HONOURABLE MS JUSTICE SONIA GOKANI

 

AVAILABLE ORDERS

 

S. NO.

CASE DETAILS

JUDGE NAME

ORDER DATE

CAV

JUDGEMENT

QUESTIONS

TRANSFERRED

1

TAX APPEAL/681/2014

·         HONOURABLE MR.JUSTICE M.R. SHAH 

·         HONOURABLE MR.JUSTICE K.J.THAKER

24/07/2014

N

ORDER

-

Y

2

TAX APPEAL/681/2014

·         HONOURABLE MS.JUSTICE HARSHA DEVANI 

·         HONOURABLE MS JUSTICE SONIA GOKANI

21/08/2014

N

ORDER

-

Y

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10303389

01/05/2014 *

390,000,000.00

HDFC BANK LIMITED

HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA

C11671179

 

* Date of charge modification

 

 

 

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Other Loan and Advances

 

 

Gulshan devi Bansal

1.000

0.800

Devki Nandan and Sons HUF

0.400

0.400

Kanta Devi Bansal

0.800

0.800

Nanhi Devi Bansal

0.850

0.850

Pabel M. Amntial

1.000

1.000

Prahalad Ram Bansal

0.900

0.750

Trilok Chand Bansal

1.020

0.720

Trilokchand Bansal (HUF)

0.650

0.650

 

 

 

Total

 

6.620

5.970

 

 

BUSINESS OVERVIEW

 

The company earned total income of Rs. 851.612 million as against Rs. 685.103 Million during the previous year registering increase of Rs. 166.509 Million in total income and the company has registered net profit after tax of Rs. 51.221 Million as against Rs. 4.072 Million for the previous year.

 

 

FIXED ASSETS:

 

·         Computer Systems

·         D.G. Set

·         Motor Cycle

·         Printer

·         Plant and Machinery

·         Mobile Handset

·         Mobile Nokia

·         Air Conditioner

·         Star Light

·         Water Dispenser

 

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 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.64.83

UK Pound

1

Rs.101.00

Euro

1

Rs.71.82

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

ARC

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

4

--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

YES

--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.