MIRA
INFORM REPORT
|
Report No. : |
338405 |
|
Report Date : |
27.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANCHOR HEALTH AND BEAUTY CARE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-201, Innova, Marathon Next Gen, Off G. K. Marg, Opposite Peninsula Corporate Park, Lower Parel (West), Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-39515555 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
12.10.1992 |
|
|
|
|
Com. Reg. No.: |
11-068971 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.46.721 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24249MH1992PTC068971 |
|
|
|
|
IEC No.: |
0397079443 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA11215B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4990N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of manufacturing and trading of Soap, Toothpaste, Tooth Powder, Tooth Brush, and Fast Moving Consumer Goods including Oral Care and Health Care products. |
|
|
|
|
No. of Employees
: |
800 (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 a part of “Anchor Group”, it was incorporated on 12th
October, 1992 and it is established company having established track record. During the year under review, the company has reported decline into its
sales turnover and net profit margins. The rating take consideration on company’s healthy financials risk
profile, strong networth, healthy reserves backed by comfortable debt
protection metrics. Rating further drives strength on company being a part of Anchor
Group, the experience and resourcefulness promoters, vast distribution
network and established brands of the products in a few regional markets. The ratings are however, constrained by the highly competitive
industry dominated by several large multinational companies as well as
regional and unorganized players and price sensitive nature of business. Trade relations are fair. Business is active. Payment are reported to
be usually correct. The company can be considered good for normal business dealings at its
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 |
CARE |
|
Rating |
Long term bank
facilities = BBB |
|
Rating Explanation |
Moderate degree of safety
and moderate credit risk. |
|
Date |
August 05, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank
facilities = A3 |
|
Rating Explanation |
Moderate degree of
safety and higher credit risk. |
|
Date |
August 05, 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. Manik Gupta |
|
Designation : |
Finance Head |
|
Contact No.: |
91-22-39515555 |
|
Date : |
26.08.2015 |
LOCATIONS
|
Registered Office : |
C-201, Innova, Marathon Next Gen, Off G. K. Marg, Opposite Peninsula Corporate Park, Lower Parel (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-39515555 |
|
Fax No.: |
91-22-90418889 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No. G-9, Cross Road – A, Marol, M.I.D.C., Andheri (East), Mumbai –
400093, Maharashtra, India |
DIRECTORS
As on 27.09.2014
|
Name : |
Mr. Jadavji Lalji Shah |
|
Designation : |
Director |
|
Address : |
Flat No. - 2502, 25th Floor, Mont Blanc, A. K. Marg, Dadi Seth Hill, Mumbai, 400036, Maharashtra, India |
|
Date of Birth/Age : |
09.05.1939 |
|
Date of Appointment : |
04.11.2004 |
|
DIN No.: |
00934586 |
|
|
|
|
Name : |
Mr. Sanjay Damji Shah |
|
Designation : |
Director |
|
Address : |
Flat No. 304, Building No D 16, Tehnee Heights, Petit Hall, Nepean Sea Road, Mumbai, 400006, Maharashtra, India |
|
Date of Birth/Age : |
15.01.1967 |
|
Date of Appointment : |
07.02.2000 |
|
DIN No.: |
00292226 |
KEY EXECUTIVES
|
Name : |
Mr. Manik Gupta |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sanjay
D. Shah |
179208 |
3.84 |
|
Jadavji
L. Shah |
3253 |
0.07 |
|
Mehul
J. Shah |
211732 |
4.53 |
|
Damji
L. Shah |
2602 |
0.06 |
|
Heena
S. Shah |
712276 |
15.25 |
|
Julie
M. Shah |
679752 |
14.55 |
|
Usha
A. Shah |
975720 |
20.88 |
|
Hemang
J. Shah |
975720 |
20.88 |
|
Park
Royal Enterprises Limited, |
931800 |
19.94 |
|
TOTAL |
4672063 |
100.00 |
As on 27.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
19.94 |
|
Directors or relatives of Directors |
80.06 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing and trading of Soap, Toothpaste, Tooth Powder, Tooth Brush, and Fast Moving Consumer Goods including Oral Care and Health Care products. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Personal Care and Oral Care Products |
||||
|
Countries : |
Thailand |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit (30/60/90 Days) |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users and OMEs
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
800 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Financial Institution: |
Ge Capital Transportation Financial Services Limited, 13-A; Mahal Industrial Estate, Off. Mahakali Caves Road; Andheri, Mumbai - 400093, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
N. B. Purohit and Company Chartered Accountants |
|
Address : |
104, Flyover Apartments N. S. Phadke Road, Andheri – East, Mumbai – 400069, Maharashtra, India |
|
PAN No.: |
AADPP3816G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Others : |
· Great White Global Private Limited, India · Eternia Cosmetics Private Limited, India · Real Value Leasing Private Limited, India · Anchor Leasing Private Limited, India · Anchor Enterprises Private Limited · Jaydep Diamond Ind. Private Limited · Woods Anchor Elec. Private Limited · Dupont Trading and Investments Private Limited · Laxmi Electroplast Private Limited · Alfa Infosys Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4672063 |
Equity Shares |
Rs.10/- each |
Rs.46.721
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 |
46.721 |
46.721 |
46.721 |
|
(b) Reserves &
Surplus |
1426.121 |
1423.061 |
1366.495 |
|
(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) |
1472.842 |
1469.782 |
1413.216 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
752.217 |
312.453 |
19.678 |
|
(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) |
752.217 |
312.453 |
19.678 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
316.793 |
132.672 |
91.716 |
|
(b) Trade payables |
220.251 |
223.276 |
165.631 |
|
(c) Other current
liabilities |
81.519 |
118.506 |
99.438 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
618.563 |
474.454 |
356.785 |
|
|
|
|
|
|
TOTAL |
2843.622 |
2256.689 |
1789.679 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1138.169 |
1010.652 |
856.689 |
|
(ii) Intangible Assets |
275.915 |
20.741 |
18.603 |
|
(iii) Capital
work-in-progress |
116.354 |
85.304 |
84.985 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
6.918 |
8.182 |
7.228 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
380.487 |
167.576 |
76.185 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1917.843 |
1292.455 |
1043.690 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
467.303 |
382.943 |
288.220 |
|
(c) Trade receivables |
167.219 |
159.535 |
84.977 |
|
(d) Cash and cash
equivalents |
54.046 |
64.420 |
161.762 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
237.211 |
357.336 |
211.030 |
|
Total Current Assets |
925.779 |
964.234 |
745.989 |
|
|
|
|
|
|
TOTAL |
2843.622 |
2256.689 |
1789.679 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
2899.027 |
3322.243 |
3122.411 |
|
|
|
|
|
|
|
Less |
EXPENSES |
2694.924 |
3126.205 |
2982.552 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
204.103 |
196.038 |
139.859 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
71.027 |
13.898 |
6.630 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
133.076 |
182.140 |
133.229 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
130.241 |
109.574 |
122.547 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.835 |
72.566 |
10.682 |
|
|
|
|
|
|
|
Less |
TAX |
(0.225) |
16.000 |
3.359 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.060 |
56.566 |
7.323 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.65 |
12.10 |
1.56 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
The above information has been parted by Mr. Manik Gupta (Finance Head).
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) operating activities |
(19.809) |
(12.714) |
(16.772) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
7.04 |
5.90 |
4.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.10 |
3.35 |
0.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.05 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.73 |
0.30 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50 |
2.03 |
2.09 |
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 |
46.721 |
46.721 |
46.721 |
|
Reserves & Surplus |
1366.495 |
1423.061 |
1426.121 |
|
Net worth |
1413.216 |
1469.782 |
1472.842 |
|
|
|
|
|
|
long-term borrowings |
19.678 |
312.453 |
752.217 |
|
Short term borrowings |
91.716 |
132.672 |
316.793 |
|
Total borrowings |
111.394 |
445.125 |
1069.010 |
|
Debt/Equity ratio |
0.079 |
0.303 |
0.726 |
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 |
3122.411 |
3322.243 |
2899.027 |
|
|
|
6.400 |
(12.739) |
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 |
3122.411 |
3322.243 |
2899.027 |
|
Profit |
7.323 |
56.566 |
3.060 |
|
|
0.23% |
1.70% |
0.11% |
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 |
Yes |
|
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 |
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 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 |
FINANCIAL RESULTS
During the year, the Company has achieved turnover of Rs.2899.027 Million as against Rs.3322.243 Million in the previous year down by 13%. The Net Profit after taxation for the year has gone down to Rs.3.060 Million as compared to Rs.56.566 Million in the previous year. The Company has continued its efforts to tap the rural and urban markets, through innovative promotional schemes.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Deposits |
18.912 |
17.458 |
|
Loans and advances from related parties |
139.345 |
95.840 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
0.000 |
38.976 |
|
Total |
158.257 |
152.274 |
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10577643 |
25/06/2015 |
56,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
C57791832 |
|
2 |
10450644 |
14/01/2015 * |
956,000,000.00 |
BANK OF INDIA |
ANDHERI MID CORPORATE BRANCH, 28, MDI BUILDING, 1ST FLOOR, 28 S.V.ROAD, ANDHERI (WEST), MUMBAI - 400058, MAHARASHTRA, INDIA |
C49894983 |
|
3 |
10406055 |
29/01/2013 |
200,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA - 390015, GUJARAT, INDIA |
B68497551 |
|
4 |
10222574 |
18/05/2010 |
100,000,000.00 |
BANK OF INDIA |
MALAD (WEST) BRANCH, SWAMI VIVEKANAND ROAD, POST BOX NO. 7603, MUMBAI - 400064, MAHARASHTRA, INDIA |
A86502606 |
|
5 |
10165335 |
12/06/2009 |
100,000,000.00 |
BANK OF INDIA |
MALAD (WEST) BRANCH, OPPOSITE NATARAJ MARKET, S. V. ROAD , MALAD (WEST), MUMBAI - 400064, MAHARASHTRA, INDIA |
A64907850 |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipment
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.66.16 |
|
|
1 |
Rs.103.87 |
|
Euro |
1 |
Rs.75.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KYP |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
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 |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--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.