MIRA INFORM REPORT
|
Report No. : |
308188 |
|
Report Date : |
19.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MPIL CORPORATION LIMITED |
|
|
|
|
Formerly Known
As : |
MATHER AND PLATT (INDIA) LIMITED (W.E.F. 2006) MATHER GREAVES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Udyog Bhavan, 2nd Floor, 29, Walchand Hirachand Marg, Ballard Estate, Mumbai-400001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.08.1959 |
|
|
|
|
Com. Reg. No.: |
11-163775 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.716 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L74299MH1959PLC163775 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM27950G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM9326L |
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|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges. |
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|
|
|
Line of Business
: |
Manufacturer of Computer and Electronic Product |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Temporarily Closed Down |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Mr. Raj Kumar Jaluka (Accounts Manager) denied to provide any details
about the subject to us. However, he confirmed that the company has stopped
its business operations. He did not given any insight regarding resuming its
operations. As per available management has reported some other income during
FY14. As per registry the business appears to be active. Payments terms are reported to be unknown. The company can be considered for business dealings on safe and
secured 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.
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Raj Kumar Jaluka |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-22033992 |
|
Date : |
16.02.2015 |
LOCATIONS
|
Registered Office : |
Udyog Bhavan, 2nd Floor, 29, Walchand Hirachand Marg, Ballard Estate, Mumbai-400001, Maharashtra, India |
|
Tel. No.: |
91-22-22033992 |
|
Fax No.: |
91-22-22083984 |
|
E-Mail : |
DIRECTORS
AS ON 24.09.2014
|
Name : |
Mr. Sanjeev Jain |
|
Designation : |
Director |
|
Address : |
207, Mohd. Suhail Bin Owalden’s Building Al Shraif Centre, 318, Al
Karama Area, P O Box 2548, Dubai, United Arab Emirates |
|
Date of Birth/Age : |
06.12.1961 |
|
Date of Appointment : |
22.07.2003 |
|
DIN No.: |
00119762 |
|
|
|
|
Name : |
Mr. Drushti Rahul Desai |
|
Designation : |
Director |
|
Address : |
4-C/5 Sonawala Building, Tardeo, Mumbai-400007, Maharashtra,
India |
|
Date of Birth/Age : |
06.03.1973 |
|
Date of Appointment : |
27.01.2010 |
|
DIN No.: |
00294249 |
|
|
|
|
Name : |
Mr. Ravinda Keshav Raje |
|
Designation : |
Director |
|
Address : |
6, Ashirwad B W Pathare Marg, Shivaji Park, Dadar (West),
Mumbai-400029, Maharashtra, India |
|
Date of Birth/Age : |
30.08.1955 |
|
Date of Appointment : |
13.07.2005 |
|
DIN No.: |
00112003 |
|
|
|
|
Name : |
Mr. Girija Shankar Nayak |
|
Designation : |
Director |
|
Address : |
E-44, Punarvasu, Sector 3, Shrishi, Mira Road (East), District
Thane-403107, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
28.12.2005 |
|
DIN No.: |
00138401 |
|
|
|
|
Name : |
Mr. Prabhakar Shevade |
|
Designation : |
Director |
|
Address : |
B-10, Monarch Castle, Hanuman Road, Vile Parle (East), Mumbai-400 057,
Maharashtra, India |
|
Date of Birth/Age : |
18.07.1954 |
|
Date of Appointment : |
24.09.2014 |
|
DIN No.: |
00843377 |
KEY EXECUTIVES
|
Name : |
Ms. Hinal Jayendrakumar Kothari |
|
Designation : |
Company Secretary and CEO |
|
Address : |
105 Om Shripal Nagar, Devchand Nagar, Near Jinalaya Jain Mandir Bhayandar
West, Thane-401101, Maharashtra, India
|
|
Date of Birth/Age : |
26.02.1991 |
|
Date of Appointment : |
21.02.2014 |
|
PAN No.: |
CBEPK7193P |
|
|
|
|
Name : |
Mr. Raj Kumar Jaluka |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.12.2014
|
Category of Shareholder |
No. of Shares |
% of No. of Shares |
|
(A) Shareholding of Promoter and Promoter Group |
||
|
|
|
|
|
|
34010 |
5.95 |
|
|
34010 |
5.95 |
|
|
|
|
|
|
385606 |
67.46 |
|
|
385606 |
67.46 |
|
Total shareholding of Promoter and Promoter Group (A) |
419616 |
73.41 |
|
(B) Public Shareholding |
||
|
|
|
|
|
|
4 |
0.00 |
|
|
7703 |
1.35 |
|
|
7707 |
1.35 |
|
|
|
|
|
|
24733 |
4.33 |
|
|
|
|
|
|
119478 |
20.90 |
|
|
43 |
0.01 |
|
|
43 |
0.01 |
|
|
144254 |
25.24 |
|
Total Public shareholding (B) |
151961 |
26.59 |
|
Total (A)+(B) |
571577 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
571577 |
0.00 |
Shareholding of
securities (including shares, warrants, convertible securities) of persons belonging
to the category Promoter and Promoter Group
|
Sl.No. |
Name of the Shareholder |
Details of Shares held |
Total shares (including underlying shares
assuming full conversion of warrants and convertible securities) as a % of
diluted share capital |
|
|
No. of Shares held |
||||
|
1 |
Jumbo Investments Limited |
3,85,606 |
67.46 |
67.46 |
|
2 |
Firestorm Electronics Corporation Private Limited |
34,000 |
5.95 |
5.95 |
|
3 |
Dandvati Investments and Trading Private Limited |
10 |
0.00 |
0.00 |
|
|
Total |
4,19,616 |
73.41 |
73.41 |
(*) The term encumbrance has the same meaning as assigned to it in regulation 28(3) of the SAST Regulations, 2011.
Shareholding of securities (including shares, warrants,
convertible securities) of persons belonging to the category Public and holding
more than 1% of the total number of shares
|
Sl. No. |
Name of the Shareholder |
No. of Shares held |
Shares as % of Total No. of Shares |
Total shares (including underlying shares assuming
full conversion of warrants and convertible securities) as a % of diluted
share capital |
|
|
1 |
Milliner Agencies Private Limited |
16107 |
2.82 |
2.82 |
|
|
2 |
Pankaj Kumar Goyal |
9941 |
1.74 |
1.74 |
|
|
3 |
Life Insurance Corporation of India |
7549 |
1.32 |
1.32 |
|
|
|
Total |
33597 |
5.88 |
5.88 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Computer and Electronic Product |
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|
|
|
Products : |
Not Divulged |
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|
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS - NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by the management |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
Not Available |
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Banking
Relations : |
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|
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|
Auditors : |
|
|
Name : |
Lodha and Company. Chartered Accountants |
|
Address : |
6, Karim Chambers, 40 Ambalal Doshi Marg, Hamam Street, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFL1893K |
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
|
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Holding Company : |
Jumbo
Investments Limited |
|
|
|
|
Associates : |
Narmada
Gelatines Limited CIN No.: -
L24111MP1961PLC016023 |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
571577 |
Equity Shares |
Rs.10/- each |
Rs. 5.716
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
5.716 |
5.716 |
5.716 |
|
(b) Reserves & Surplus |
136.544 |
136.089 |
135.986 |
|
(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) |
142.260 |
141.805 |
141.702 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
3.635 |
2.977 |
2.681 |
|
(c) Other current liabilities |
0.835 |
0.724 |
0.756 |
|
(d) Short-term provisions |
1.974 |
2.080 |
1.829 |
|
Total Current Liabilities (4) |
6.444 |
5.781 |
5.266 |
|
|
|
|
|
|
TOTAL |
148.704 |
147.586 |
146.968 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
19.259 |
20.881 |
22.635 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.332 |
1.361 |
2.008 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
20.591 |
22.242 |
24.643 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
117.493 |
104.678 |
35.387 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
9.691 |
20.462 |
85.469 |
|
(e) Short-term loans and advances |
0.298 |
0.129 |
0.136 |
|
(f) Other current assets |
0.631 |
0.075 |
1.333 |
|
Total Current Assets |
128.113 |
125.344 |
122.325 |
|
|
|
|
|
|
TOTAL |
148.704 |
147.586 |
146.968 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
Other Income |
10.646 |
9.544 |
12.367 |
|
|
TOTAL
(A) |
10.646 |
9.544 |
12.367 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
3.257 |
2.821 |
2.395 |
|
|
Other expenses |
4.977 |
4.749 |
7.046 |
|
|
TOTAL
(B) |
8.234 |
7.570 |
9.441 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
2.412 |
1.974 |
2.926 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.004 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.412 |
1.974 |
2.922 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.411 |
1.403 |
1.417 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
1.001 |
0.571 |
1.505 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.191 |
0.112 |
0.284 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
0.810 |
0.459 |
1.221 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.42 |
0.80 |
2.14 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
Net Profit Margin |
(%) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
0.67 |
0.39 |
1.02 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
0.01 |
0.00 |
0.01 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
0.03 |
0.02 |
0.02 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
19.88 |
21.68 |
23.23 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
5.716 |
5.716 |
5.716 |
|
Reserves & Surplus |
135.986 |
136.089 |
136.544 |
|
Net
worth |
141.702 |
141.805 |
142.260 |
|
|
|
|
|
|
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 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS – Not Available
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
Registered office of the company has be shifted from Mather And Platt (India) Limited, Chinchwad Works, Mumbai-Pune Road, Chinchwad (East), Pune, Maharashtra India to the present address w.e.f. 30.06.2006
COMPANY INFORMATION
MPIL Corporation Limited
(the Company) was established in 1959 under the Companies Act, 1956. The
Company was initially incorporated as Mather Greaves Private Limited thereafter
in 1979, the name of the Company was changed to Mather And Platt (India)
Limited and again in 2006 the name of the Company was changed to MPIL
Corporation Limited. The Company is registered in Mumbai (Maharashtra) under
registration No U74299PN2000PLC014382. The registered office of the Company is
at Udyog Bhavan, 2nd Floor, 29, Walchand Hirachand Marg, Ballard Estate, Mumbai
400001. The Company had discontinued its activities relating to design,
development, installation and servicing of textile and food machinery
REVIEW OF OPERATIONS
During the year, the Company earned a profit of Rs. 0.810 Million as compared to a profit of Rs. 0.458 Million for the previous year.
MANAGEMENT DISCUSSION AND ANALYSIS FINANCIAL REVIEW
During the year,
the Company earned an income of Rs. 10.645 Millions. After providing for
depreciation and tax, the profit for the year after tax was Rs. 0.810 Million.
OUTLOOK
India’s growth
slowed down markedly, reflecting global developments and domestic supply
constraints, while inflation remains stubbornly high. The slowdown manifested
in GDP growth falling from 8.9% in 2010-11 to 6.8% in 2011-12 and 4.5% in
2012-13. With reduced infrastructure and corporate investments, the slowdown
penetrated to other sectors of the economy.
India, being
dependent on large imports of crude oil, experienced an adverse impact on
economic growth as well as currency management. Rupee experienced huge
depreciation vis-à-vis US Dollar and other major currencies in the first half
of the financial year, which continued till the third quarter of the year. Some
correction did take place in the last quarter on account of high forex inflows
into the country on the back of the upswing in the equity markets. With the
election of a majority ruling party at the Centre and the bullish sentiments in
the market, it is forecasted that economic reforms and manufacturing and
agricultural sector will be given the much needed push to galvanise the growth
rate. It is expected that the rupee will firm up and that inflation will be
brought down to manageable levels which will help and boost the inflow of
investments.
While the new
Government has permitted FDI in certain sectors, its clear stand on FDI in
retail and various other sectors is awaited. The Company, being a foreign-held
entity, continues to closely follow these developments. In the meanwhile, the
Company will continue to invest the surplus funds in money-market instruments
and utilise the assets of the company to generate revenues.
INDEX OF CHARGES - No Charges Exist for Company
FIXED ASSETS
- Building
- Furniture and Fixtures
- Vehicles
- 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 records 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.62.24 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
-- |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
-- |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
NO |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.