MIRA INFORM REPORT
|
Report No. : |
352966 |
|
Report Date : |
22.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
CARRIER AIRCONDITIONING AND REFRIGERATION LIMITED (w.e.f 20.10.2006) |
|
|
|
|
Formerly Known
As : |
CARRIER AIRCONDITIONING AND REFRIGERATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Narsingpur, Kherki Daula Post, Gurgaon – 122001, Haryana |
|
Tel. No.: |
91-124-4825500 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.07.1992 |
|
|
|
|
Com. Reg. No.: |
05-036104 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1063.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999HR1992FLC036104 |
|
|
|
|
IEC No.: |
0793001561 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC8414B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer and Trader freezers bottle cooler and cold room systems,
air-conditioning system and accessories. [Confirmed by management] |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is subsidiary of “Carrier Corporation, USA”. Carrier
Airconditioning and Refrigeration Limited manufactures, trade in, and supplies
air conditioning and refrigeration equipment in India and internationally. It
is well established company having good track record. The rating on company derive strength’s strong parentage and
experienced promoters with established track record, improved financial
performance during FY14 marked by improvement in capital structure, moderate
working capital cycle, support from group companies, and ample liquidity with
debt free status. The rating also factors on company diversified revenue profile, wide
distribution network and moderate marked cap of its products with good bran
recognition. The rating is constrained by intense competition faced by the company
with well reputed peers in the market, volatility in raw material prices and
seasonal nature of business. Trade relations are reported as fair. Payments are reported to be
regular and as per commitment. In view of aforesaid, the subject can be considered good for normal
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Avinash |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-61700700 |
|
Date : |
08.12.2015 |
LOCATIONS
|
Registered Office : |
Narsingpur, Kherki Daula Post, Gurgaon – 122001, Haryana, India |
|
Tel. No.: |
91-124-4825500 |
|
Fax No.: |
91-124-2372230 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Unit No. 7, 3rd Floor, Phoenix Market City, 15 LBS Marg,
Kurla (West), Mumbai – 400070, Maharashtra, India |
DIRECTORS
AS ON 03.11.2014
|
Name : |
Ashok Motiram Mirchandani |
|
Designation : |
Whole-Time Director |
|
Address : |
15/311, Embassy Apartments, Ali Askar Road, Bangalore - 560052, Karnataka, India |
|
Date of Birth/Age : |
30.07.1951 |
|
Date of Appointment : |
24.03.2010 |
|
DIN No.: |
00005518 |
|
|
|
|
Name : |
Arun Kumar Bhatia |
|
Designation : |
Managing Director |
|
Address : |
Flat No. 201, Tower-17, Close South, Nirvana Country, Sector-50, Gurgaon South City Ii, Gurgaon, 122018, Haryana, India |
|
Date of Appointment : |
27.03.2015 |
|
DIN No.: |
00031279 |
|
|
|
|
Name : |
Mr. Gaurang Krishna Pandya |
|
Designation : |
Managing Director |
|
Address : |
123, Sector 14, Gurgaon – 122 001, Haryana, India |
|
Date of Birth/Age : |
02.01.1977 |
|
Qualification : |
B. Com (H), ACCA |
|
Date of Appointment : |
14.09.2010 |
|
DIN No.: |
03085390 |
|
|
|
|
Name : |
Mr. Aditya Kumar |
|
Designation : |
Whole Time Director |
|
Address : |
D-3, Kiran
Residency, Plot No.79, Sector 56, Gurgaon – 122 001, Haryana, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
05101553 |
|
PAN No.: |
AEAPK5342K |
|
|
|
|
Name : |
Mr. Chitrabhanu Ghosh |
|
Designation : |
Director |
|
Address : |
B-102, Shramdeep
Apartment, B9/1B, Shramdeep Apartment, Sector - 62, Noida – 201 301, Uttar
Pradesh, India |
|
Date of Birth/Age : |
08.03.1977 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
01829481 |
|
|
|
|
Name : |
Mr. Nanda Kishore Lakkaraju |
|
Designation : |
Whole Time Director |
|
Address : |
Apartment 1602,
Tower 6, Uniworld Gardens, Sohna Road, Gurgaon, Haryana, India |
|
Date of Birth/Age : |
03.08.1972 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
05233356 |
|
|
|
|
Name : |
Narendra Singh Sisodia |
|
Designation : |
Director |
|
Address : |
B 30, Bapu Nagar, Jaipur, 302015, Rajasthan, India |
|
Date of Appointment : |
27.03.2015 |
|
DIN No.: |
06363951 |
|
|
|
|
Name : |
Nandita Luthra |
|
Designation : |
Director |
|
Address : |
H No.31, Aspen Green,, Nirvana Country, Sector-50, Gurgoan - 122018, Haryana, India |
|
Date of Birth/Age : |
14.10.1968 |
|
Date of Appointment : |
14.08.2014 |
|
DIN No.: |
06948082 |
|
|
|
|
Name : |
Pankaj Prakash Sahni |
|
Designation : |
Director |
|
Address : |
B-6, Greater Kailash, Part 1, New Delhi - 110048, India |
|
Date of Appointment : |
27.03.2015 |
|
DIN No.: |
07132999 |
|
|
|
|
Name : |
Alok Mahajan |
|
Designation : |
Director |
|
Address : |
Flat No-801-B, Orlov Court -2, Essel Tower, M. G Road, Gurgaon - 122001, Haryana, India |
|
Date of Appointment : |
24.07.2015 |
|
DIN No.: |
07242284 |
KEY EXECUTIVES
|
Name : |
Sugeeth Kumar |
|
Designation : |
CFO |
|
Address : |
H.No-1, A(Sf), South City-2, Block-B, Gurgaon - 122001, Haryana, India |
|
Date of Appointment : |
24.07.2015 |
|
PAN No: |
AJEPK2528E |
|
|
|
|
Name : |
Monica Pandey |
|
Designation : |
Secretary |
|
Address : |
85, Sreshtha Vihar, Delhi - 110092, India |
|
Date of Birth/Age : |
10.05.1976 |
|
Date of Appointment : |
02.11.2009 |
|
PAN No: |
AJFPK4643R |
MAJOR SHAREHOLDERS
MAJOR SHAREHOLDER – NOT AVAILABLE
Equity Share Break up (Percentage of Total Equity)
AS ON 03.11.2014
|
Category |
Percentage |
|
Public Financial
Companies |
0.02 |
|
Nationalised or
other banks |
0.01 |
|
Mutual Funds |
0.02 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
96.46 |
|
Bodies corporate |
0.08 |
|
Other top fifty shareholders |
3.41 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader freezers bottle cooler and cold room systems,
air-conditioning system and accessories. [Confirmed by management] |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
500 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||
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|
Auditors : |
|
|
Name : |
Price Waterhouse and Company Chartered Accountants |
|
Address : |
Price Waterhouse, Building, 8, 7th Floor, Tower-B, DLF
Cyber City, Gurgaon – 122 002, Haryana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFP3641G |
|
|
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Fellow Subsidiary
Company : |
|
|
Associate : |
|
|
|
|
|
Holding company : |
Carrier Corporation, USA |
|
|
|
|
Ultimate Holding
Company : |
|
CAPITAL STRUCTURE
AS ON 03.11.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110000000 |
Equity Shares |
Rs.10/- each |
Rs. 1100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
106376745 |
Equity Shares |
Rs.10/- each |
Rs. 1063.767
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 |
1063.800 |
1063.800 |
1063.800 |
|
(b) Reserves & Surplus |
3185.700 |
2779.000 |
2173.700 |
|
(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) |
4249.500 |
3842.800 |
3237.500 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
45.600 |
45.400 |
46.800 |
|
(c) Other long term
liabilities |
382.200 |
348.300 |
330.500 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
427.800 |
393.700 |
377.300 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
1923.100 |
1734.100 |
2264.200 |
|
(c) Other
current liabilities |
545.700 |
567.900 |
718.400 |
|
(d) Short-term
provisions |
109.700 |
99.400 |
129.500 |
|
Total Current
Liabilities (4) |
2578.500 |
2401.400 |
3112.100 |
|
|
|
|
|
|
TOTAL |
7255.800 |
6637.900 |
6726.900 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
341.100 |
301.000 |
437.900 |
|
(ii)
Intangible Assets |
1.300 |
2.700 |
4.100 |
|
(iii)
Capital work-in-progress |
75.500 |
18.300 |
23.100 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
192.900 |
162.700 |
126.000 |
|
(d) Long-term Loan and Advances |
417.300 |
247.300 |
202.900 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
1028.200 |
732.100 |
794.100 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1773.100 |
1525.700 |
1796.800 |
|
(c) Trade
receivables |
1539.900 |
1519.700 |
2429.700 |
|
(d) Cash
and cash equivalents |
952.800 |
1830.000 |
1140.500 |
|
(e)
Short-term loans and advances |
1807.700 |
981.000 |
533.600 |
|
(f) Other
current assets |
154.100 |
49.400 |
32.200 |
|
Total
Current Assets |
6227.600 |
5905.800 |
5932.800 |
|
|
|
|
|
|
TOTAL |
7255.800 |
6637.900 |
6726.900 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
8498.800 |
10374.900 |
12110.900 |
|
|
Other Income |
|
193.700 |
137.700 |
|
|
TOTAL |
8498.800 |
10568.600 |
12248.600 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
2499.700 |
3949.200 |
|
|
Purchases of Stock-in-Trade |
|
2804.500 |
3068.800 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
86.700 |
(95.600) |
|
|
Employees benefits expense |
|
776.800 |
841.100 |
|
|
Other expenses |
|
3454.800 |
3304.200 |
|
|
TOTAL |
|
9622.500 |
11067.700 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
946.100 |
1180.900 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
8.400 |
5.000 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
937.700 |
1175.900 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
51.300 |
64.700 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
886.400 |
1111.200 |
|
|
|
|
|
|
|
Less |
TAX |
|
281.100 |
332.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
406.700 |
605.300 |
779.200 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.82 |
5.69 |
7.32 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(22.700) |
908.500 |
724.400 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.92 |
5.83 |
6.43 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA
|
9.12 |
9.75 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
13.73 |
16.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.23 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.42 |
2.46 |
1.91 |
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 |
1063.800 |
1063.800 |
1063.800 |
|
Reserves & Surplus |
2173.700 |
2779.000 |
3185.700 |
|
Net
worth |
3237.500 |
3842.800 |
4249.500 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
12110.900 |
10374.900 |
8498.800 |
|
|
|
(14.334) |
(18.083) |
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 |
12110.900 |
10374.900 |
8498.800 |
|
Profit |
779.200 |
605.300 |
406.700 |
|
|
6.43% |
5.83% |
4.79% |
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 |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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: NO CHARGES
EXIST FOR THE COMPANY
FIXED ASSETS
- Land
- Building
- Plant and
Equipment
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computer
Equipments
- Leasehold
Improvement
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or investigation
registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market survey
revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 66.42 |
|
UK Pound |
1 |
Rs. 98.99 |
|
Euro |
1 |
Rs. 72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
60 |
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.