MIRA INFORM REPORT
|
Report No. : |
355450 |
|
Report Date : |
18.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
PALVI POWERTECH SALES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
228, Arpan Complex, Opposite Hanuman Temple, Nizampura, Baroda – 390002,
Gujarat |
|
Tel. No.: |
91-265-3925400 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
27.01.2006 |
|
|
|
|
Com. Reg. No.: |
04-047606 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 38.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909GJ2006PTC047606 |
|
|
|
|
IEC No.: |
3498002325 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AADCP8242K |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Chemicals, Minerals and Agro
Commodities. (Confirmed by Management) |
|
|
|
|
No. of Employees
: |
50 (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 |
|
Maximum Credit Limit : |
USD 429800 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated during the year 2006.
It has satisfactory track record. The company has registered decent sales turnover marked by
profitability margin of 1.48%. It has healthy operational activity. Further, the company has sound financial base marked by its strong net
worth position and low borrowing taken by the company along with favorable
gap between trade payables and receivables. Trade relations are reported as fair. Business is active. Payments
terms are reported as 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
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
31-03-2015.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Vimal Trivedi |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-265-3925400 |
|
Date : |
18.12.2015 |
LOCATIONS
|
Registered Office : |
228, Arpan Complex, Opposite Hanuman Temple, Nizampura, Baroda –
390002, Gujarat, India |
|
Tel. No.: |
91-265-23925400 - 425 |
|
Fax No.: |
91-265-23925421 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Corporate Office : |
315, Aditviya Complex, Near Deluxe |
|
|
|
|
Factory : |
155/2, GIDC Estate, Nandesari District, Vadodara - 391340, Gujarat,
India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mrs. Vibha Himanshu Mehta |
|
Designation : |
Director |
|
Address : |
3, Silver Oak Duplex, New Sama Road, Vadodara – 390 002, Gujarat,
India |
|
Date of Birth/Age : |
04.09.1970 |
|
Qualification : |
B.sc |
|
Date of Appointment : |
27.01.2006 |
|
PAN No.: |
AHQPM8159D |
|
DIN No.: |
01056802 |
|
|
|
|
Name : |
Mr. Govindlal Maganlal Mehta |
|
Designation : |
Director |
|
Address : |
3, Silver Oak Duplex, New Sama Road, Vadodara – 390 002, |
|
Date of Birth/Age : |
01.11.1932 |
|
Qualification : |
B.com |
|
Date of Appointment : |
27.01.2006 |
|
PAN No.: |
AFLPM0782M |
|
DIN No.: |
01594703 |
|
|
|
|
Name : |
Mrs. Kavita Himanshu Das |
|
Designation : |
Director |
|
Address : |
K 7, Vrundavan Estate, |
|
Date of Birth/Age : |
20.01.1959 |
|
Qualification : |
B.com |
|
Date of Appointment : |
27.01.2006 |
|
PAN No.: |
AJDPD5956A |
|
DIN No.: |
01594753 |
KEY EXECUTIVES
|
Name : |
Mr. Vimal Trivedi |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Govindlal Maganlal Mehta |
|
1050000 |
|
Vibha Himanshu Mehta |
|
1050000 |
|
Kavita Himanshu Das |
|
570061 |
|
Bela Ketan Patel |
|
164969 |
|
Anagha Avinash Pangarkar |
|
164970 |
|
Total |
|
3000000 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Bela Ketan Patel |
|
11214 |
|
Anagha Avinash Pangarkar |
|
405000 |
|
Krushil LCC |
|
393786 |
|
Total |
|
810000 |
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 : |
Manufacturer, Exporter and Importer of Chemicals, Minerals and Agro
Commodities. (Confirmed by Management) |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Chemical, Agro Commodities. |
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Countries : |
· Kenya · UAE · Bangladesh · Saudi Arabia |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· Canada · Korea · China |
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Terms : |
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Selling : |
L/C, Cash, Cheque and Credit (30 days and 120 days) |
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Purchasing : |
L/C, Cash, Cheque and Credit (30 days and 120 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· Axis Bank Limited 2nd
Floor, Vardhaman Complex, Besides Pizza Hut, Race Course Circle, Vadodara –
390007, Gujarat, India · HDFC Bank Limited Arpan Complex, 101
First Floor, Nizampura, Baroda-3900002, Gujarat, India |
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Facilities : |
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
K
C Mehta and Company Chartered Accountants |
|
Address : |
Meghdhanush,
Race Course , Vadoara-39007, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFK1558J |
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|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
|
Enterprise over which Key Managerial Personnel has significant
influence : |
Palvi Chemicals |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,190,000 |
Equity Shares |
Rs. 10/- each |
Rs. 91.900 Million |
|
810,000 |
Preference Shares |
|
Rs. 8.100 Million |
|
|
Total |
|
Rs. 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000
Million |
|
810,000 |
Preference Shares |
|
Rs. 8.100
Million |
|
|
Total |
|
Rs. 38.100 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
38.100 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
112.352 |
63.111 |
41.153 |
|
(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) |
150.452 |
93.111 |
71.153 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
16.554 |
0.000 |
66.377 |
|
(b) Deferred tax liabilities (Net) |
2.457 |
2.157 |
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) |
19.011 |
2.157 |
66.377 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
72.987 |
92.804 |
0.000 |
|
(b)
Trade payables |
103.107 |
98.352 |
114.509 |
|
(c)
Other current liabilities |
19.139 |
34.632 |
5.884 |
|
(d)
Short-term provisions |
0.097 |
3.042 |
22.020 |
|
Total
Current Liabilities (4) |
195.330 |
228.830 |
142.413 |
|
|
|
|
|
|
TOTAL |
364.793 |
324.098 |
279.943 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
43.351 |
26.661 |
27.584 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
54.945 |
13.784 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
4.978 |
1.086 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
103.274 |
41.531 |
27.584 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
11.133 |
|
(b)
Inventories |
17.714 |
36.381 |
27.128 |
|
(c)
Trade receivables |
174.350 |
126.051 |
127.264 |
|
(d)
Cash and cash equivalents |
55.016 |
76.808 |
60.798 |
|
(e)
Short-term loans and advances |
11.936 |
40.324 |
25.498 |
|
(f)
Other current assets |
2.503 |
3.003 |
0.538 |
|
Total
Current Assets |
261.519 |
282.567 |
252.359 |
|
|
|
|
|
|
TOTAL |
364.793 |
324.098 |
279.943 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1153.533 |
1192.500 |
|
|
|
|
Other Income |
25.175 |
31.808 |
|
|
|
|
TOTAL |
1178.708 |
1224.308 |
1110.740 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
104.409 |
|
|
|
|
|
Purchases of Stock-in-Trade |
834.034 |
900.349 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
21.233 |
(8.596) |
|
|
|
|
Employees benefits expense |
29.439 |
16.045 |
|
|
|
|
Other expenses |
138.463 |
194.247 |
|
|
|
|
TOTAL |
1127.578 |
1173.046 |
1078.499 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
51.130 |
51.262 |
(Including
Financial Expenses) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
12.772 |
12.709 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
38.358 |
38.553 |
32.241 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.443 |
6.095 |
1.553 |
|
|
|
|
|
|
|
|
|
Add |
PRIOR
PERIOD ITEMS |
(1.631) |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
33.284 |
32.458 |
30.688 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
16.243 |
10.500 |
10.481 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
17.041 |
21.958 |
20.207 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
979.975 |
1043.791 |
0.000 |
|
|
TOTAL EARNINGS |
979.975 |
1043.791 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
5.68 |
7.32 |
-- |
|
|
|
Diluted |
5.68 |
7.32 |
-- |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from (used in) Operations |
27.313 |
(4.898) |
18.450 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.48 |
1.84 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.43 |
4.30 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.74 |
10.46 |
10.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.35 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.60 |
1.00 |
0.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.23 |
1.77 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
30.000 |
30.000 |
38.100 |
|
Reserves & Surplus |
41.153 |
63.111 |
112.352 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
71.153 |
93.111 |
150.452 |
|
|
|
|
|
|
Long-term borrowings |
66.377 |
0.000 |
16.554 |
|
Short term borrowings |
0.000 |
92.804 |
72.987 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
66.377 |
92.804 |
89.541 |
|
Debt/Equity
ratio |
0.933 |
0.997 |
0.595 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1110.740 |
1224.308 |
1178.708 |
|
|
|
10.225 |
(3.725) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1110.740 |
1224.308 |
1178.708 |
|
Profit |
20.207 |
21.958 |
17.041 |
|
|
1.82% |
1.79% |
1.45% |
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 |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
-- |
|
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 |
10527141 |
25/09/2014 |
207,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W |
C30606412 |
|
2 |
10512827 |
05/08/2014 |
207,500,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C14978175 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
Other loans and advances |
5.000 |
0.000 |
|
|
|
|
|
Total |
5.000 |
0.000 |
MANAGEMENT DISCUSSION AND ANALYSIS:
EXPANSION AND DIVERSIFICATION
In order to contribute more
towards the manufacturing activity and to diversify, the company has taken up
the project for manufacturing 12000 TPA Plastic Master Batch Project at Dahej in
Special Economic Zone. The project has good synergy with the core business of
the company. The commercial production of the project has commenced on 29th
May, 2015.
MARKETING STRATEGY:
The company is engaged in
manufacturing and marketing of Organic and Inorganic Chemicals. Food and
Agriculture products, Food Additives and Animal Feeds, Water Treatment
Chemicals. As a part of market development, the emphasis is to interact with
customers and develop new market potential for the products. After sales service
is provided as and when required. As a part of this strategy, this is helping
us to increase their volume especially for new products.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer 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. 66.65 |
|
|
1 |
Rs. 99.61 |
|
Euro |
1 |
Rs. 72.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
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 |
|
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.