MIRA INFORM REPORT
|
Report No. : |
355076 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
MERIDIAN ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1108 Embassy Centre Nariman Point, Mumbai-400021, Maharashtra |
|
Tel. No.: |
91-22-66084200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
05.03.1990 |
|
|
|
|
Com. Reg. No.: |
11-055663 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231MH1990PTC055663 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM07902G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM2740G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of three high technology tablet Product. (Confirmed by
Management) |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 378600 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1990 and it is engaged in manufacturing
and marketing pharmaceutical formulations. Its products include laxative,
antiflatulent, antilulcerant, antiseptic and disinfectant, cough remedies,
etc. It is an established company having fine track. For the financial year ended 2015, the company has reported increase
in its total revenue by 16.51% which leads to rise in net profitability by
43%. Further, rating also takes into account of company’s robust financial
base with strong capital structure marked by its healthy reserves level and
zero borrowings recorded during the year 2015. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitments. In view of good financial position and long track of operations, 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
|
Name : |
Mr. Nilesh Damania |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-66084200 |
|
Date : |
19.12.2015 |
LOCATIONS
|
Registered/ HeadOffice : |
1108 Embassy Centre Nariman Point, Mumbai-400021, Maharashtra, India |
|
Tel. No.: |
91-22-66084200/ 22042745 |
|
Fax No.: |
91-22-66084212 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Plot No. 418, GIDC, Kabilpore, Navsari-396424, Gujarat, India |
|
Tel. No.: |
91-2637-658867/ 265836/ 658368 |
|
Fax No.: |
91-2637-265836 |
DIRECTORS
AS ON 24.07.2014
|
Name : |
Mr. Sudhakar Govind Dandawate |
|
Designation : |
Director |
|
Address : |
3 Sabri, 562 Kanchan Society Chembur, Mumbai-400071, Maharashtra,
India |
|
Date of Birth/Age : |
09.03.1943 |
|
Date of Appointment : |
19.12.1994 |
|
DIN No.: |
00078011 |
|
|
|
|
Name : |
Mr. Sandeep Ramesh Banatwala |
|
Designation : |
Managing director |
|
Address : |
1D, IL Palazzo Little Gibbs Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
27.06.1967 |
|
Date of Appointment : |
30.10.2006 |
|
DIN No.: |
00123210 |
|
|
|
|
Name : |
Mrs. Jyotsna Ramesh Banatwala |
|
Designation : |
Director |
|
Address : |
1D, IL Palazzo Little Gibbs Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
19.07.1940 |
|
Date of Appointment : |
05.03.1990 |
|
DIN No.: |
00123327 |
|
|
|
|
Name : |
Mrs. Sonia Sandeep Banatwala |
|
Designation : |
Whole-time director |
|
Address : |
1D, IL Palazzo Little Gibbs Road, Mumbai-400006, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1969 |
|
Date of Appointment : |
29.05.1998 |
|
DIN No.: |
00123384 |
KEY EXECUTIVES
|
Name : |
Mr. Nilesh Damania |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 06.08.2015
|
Names of Shareholders |
No. of Shares |
|
Jyotsna R. Banatwala Joint Holder with Sandeep R Banatwala |
1369 |
|
Sandeep R Banatwala Joint Holder with Jyotsna R. Banatwala |
2225 |
|
Sandeep R. Banatwala Joint Holder with Sonia S. Banatwala |
468 |
|
Sonia S. Banatwala Joint Holder with Sandeep R Banatwala |
938 |
|
Total |
5000 |
AS ON 24.07.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of three high technology tablet Product. (Confirmed by
Management) |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· Ghana · Hong Kong · Kenya · Canada · New Zealand · Singapore · Mauitius |
|
|
|
|
Imports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 Days, 60 Days and 90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 Days, 60 Days and 90 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
End Users and OEMs
|
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No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||
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Bankers : |
· HDFC Bank Limited |
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bharat Shroff and Company Chartered Accountants |
|
Address : |
26, Hansraj Damodar Building, 42, Kennedy Bridge, Opera House, Mumbai
– 400004, Maharashtra, India |
|
Tel. No.: |
91- 2351-3256 |
|
Mobile No.: |
91- 98210403 |
|
Fax No.: |
91- 2351-1683 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAYPS4384B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125,000 |
Equity Shares |
Rs. 100/- each |
Rs. 12.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.500 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 |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
132.033 |
105.379 |
87.047 |
|
(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) |
132.533 |
105.879 |
87.547 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
3.308 |
3.162 |
2.964 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
3.146 |
1.973 |
2.001 |
|
Total
Non-current Liabilities (3) |
6.454 |
5.135 |
4.965 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.490 |
0.000 |
|
(b)
Trade payables |
17.411 |
16.219 |
12.013 |
|
(c)
Other current liabilities |
11.855 |
15.188 |
10.604 |
|
(d)
Short-term provisions |
0.309 |
0.395 |
0.000 |
|
Total
Current Liabilities (4) |
29.575 |
32.292 |
22.617 |
|
|
|
|
|
|
TOTAL |
168.562 |
143.306 |
115.129 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
24.919 |
21.885 |
19.261 |
|
(ii)
Intangible Assets |
1.165 |
1.397 |
1.839 |
|
(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 |
2.503 |
2.504 |
5.248 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
3.184 |
3.204 |
3.117 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
31.771 |
28.990 |
29.465 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
36.648 |
38.635 |
22.950 |
|
(b)
Inventories |
11.853 |
13.721 |
14.658 |
|
(c)
Trade receivables |
18.171 |
20.208 |
9.424 |
|
(d)
Cash and cash equivalents |
59.249 |
34.740 |
34.490 |
|
(e)
Short-term loans and advances |
8.699 |
5.873 |
3.115 |
|
(f)
Other current assets |
2.171 |
1.139 |
1.027 |
|
Total
Current Assets |
136.791 |
114.316 |
85.664 |
|
|
|
|
|
|
TOTAL |
168.562 |
143.306 |
115.129 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
235.110 |
203.197 |
174.625 |
|
|
|
Other Income |
7.015 |
4.610 |
5.197 |
|
|
|
TOTAL |
242.125 |
207.807 |
179.822 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
34.109 |
|
|
|
|
|
Purchases of Stock-in-Trade |
23.894 |
16.315 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.653 |
0.666 |
|
|
|
|
Employees benefits expense |
56.115 |
51.000 |
|
|
|
|
Other expenses |
85.263 |
72.683 |
|
|
|
|
TOTAL |
200.034 |
178.019 |
156.541 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
42.091 |
29.788 |
23.281 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.008 |
0.057 |
0.005 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
42.083 |
29.731 |
23.276 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.512 |
2.288 |
2.241 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
39.571 |
27.443 |
21.035 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
13.346 |
9.112 |
6.522 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
26.225 |
18.331 |
14.513 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export
of goods |
44.262 |
29.596 |
8.270 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.716 |
0.229 |
0.000 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5245.00 |
3666.00 |
2902.60 |
|
Expected Sales (2015-2016): Rs. 300.000 Million
The above information has been parted by Mr. Nilesh Damania (Accounts
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash Generated from Operations |
41.558 |
22.320 |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operating Activities |
28.694 |
14.498 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
11.15 |
9.02 |
8.31 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
17.90 |
14.66 |
13.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.83 |
19.49 |
19.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.26 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.63 |
3.54 |
3.79 |
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 |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
87.047 |
105.379 |
132.033 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
87.547 |
105.879 |
132.533 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.490 |
0.000 |
|
Total
borrowings |
0.000 |
0.490 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.005 |
0.000 |
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) |
|
Sales |
174.625 |
203.197 |
235.110 |
|
|
|
16.362 |
15.705 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
174.625 |
203.197 |
235.110 |
|
Profit |
14.513 |
18.331 |
26.225 |
|
|
8.31% |
9.02% |
11.15% |
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 |
-- |
|
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 |
Yes |
|
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 |
90153006 |
25/08/1998
* |
2,800,000.00 |
THE
BANK OF NOVA SCOTIA |
MITTAL TOWER
'B' WING, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
2 |
90152449 |
15/02/1994 |
2,250,000.00 |
THE
BANK OF NOVA SCOTIA |
MITTAL
TOWER 'B' WING, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
- |
|
3 |
90152851 |
22/08/1992 |
4,000,000.00 |
THE
VYSYA BANK LIMITED |
NARIMAN
POINT BRANCH, MITTAL TOWER; A WING; GORUND FLOOR; NARIMAN POINT, BOMBAY -
400021, MAHARASHTRA, INDIA |
- |
|
4 |
90152829 |
2,800,000.00 |
|
THE
VYSYA BANK LIMITED |
NARIMAN
POINT BRANCH, MITTAL TOWER; A WING; NARIM |
- |
|
5 |
90152807 |
12/02/1992 |
1,104,600.00 |
THE
VYSYA BANK LIMITED |
NARIMAN
POINT BRANCH, MITTAL TOWER; A WING; NARIM |
- |
GENERAL
INFORMATION
The company is a private Limited domiciled in India and incorporated
under the provisions of the Companies, 1956. The company is engaged in the business
of pharmaceutical and related activities.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
· Leasehold Improvements
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 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. 66.42 |
|
|
1 |
Rs. 99.17 |
|
Euro |
1 |
Rs. 72.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
ARC / IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
8 |
|
--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 |
|
64 |
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.