MIRA INFORM REPORT
|
Report No. : |
295668 |
|
Report Date : |
12.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHARAT PRODUCTS LIMITED |
|
|
|
|
Registered
Office : |
E-17 DSIDC Industrial Complex, Nangloi, New Delhi – 110041 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.03.1993 |
|
|
|
|
Com. Reg. No.: |
55-052442 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 23.717 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1993PLC052442 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Co-Ex Bottles, Tin Containers, Multilayer
Bottles. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 286000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The management has failed to file its financial with government
department for the year 2014. As per available financial of 2013, general financial position of the
company seems to be sound and healthy. Trade relations are fair. Business is active. Payment terms are
reported to be 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities BB- |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
February 06, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
February 06, 2014 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Kavendra |
|
Designation : |
Accountant |
|
Contact No.: |
91-11-43778844 |
|
Date : |
07.01.2015 |
LOCATIONS
|
Registered Office / Factory : |
E-17 DSIDC Industrial Complex, Nangloi, New Delhi – 110041, India |
|
Tel. No.: |
91-11-43778844 |
|
Fax No.: |
91-11-43778850 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch : |
Jammu Kashmir, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Subhash Chander |
|
Designation : |
Director |
|
Address : |
B-10, Bhagwan Dass Nagar, East Punjabi Bagh, New Delhi – 110026, India |
|
Date of Birth/Age : |
04.03.1957 |
|
Date of Appointment : |
26.04.1995 |
|
|
|
|
Name : |
Mr. Satya Narain Gupta |
|
Designation : |
Whole Time Director |
|
Address : |
B-2/8, Mainwali Nagar, Rohtak Road, New Delhi – 110087, India |
|
Date of Birth/Age : |
01.01.1949 |
|
Date of Appointment : |
26.04.1995 |
|
DIN No.: |
00802433 |
|
|
|
|
Name : |
Mr. Deepak Gupta |
|
Designation : |
Director |
|
Address : |
B-2/8, Mainwali Nagar, Rohtak Road, New Delhi – 110087, India |
|
Date of Birth/Age : |
05.03.1980 |
|
Date of Appointment : |
31.10.2004 |
|
DIN No.: |
00703704 |
|
|
|
|
Name : |
Mr. Hari Singh |
|
Designation : |
Director |
|
Address : |
A-170, Rishal Garden, Ranholla Delhi, Delhi – 110041, India |
|
Date of Birth/Age : |
26.04.1967 |
|
Date of Appointment : |
14.03.2013 |
|
DIN No.: |
06521311 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
|
|
|
Subhash Chander Gupta |
263510 |
|
Lalita Gupta |
12000 |
|
Subhash Chander [Huf] |
7500 |
|
Pawan Kumar |
34200 |
|
Devi Sahai Gupta And Sons [Huf] |
50500 |
|
Anita Gupta |
22500 |
|
Mukesh Aggarwal |
3000 |
|
Satya Narain Gupta |
297800 |
|
Meena Gupta |
135800 |
|
Sushil Goel |
99800 |
|
S.N. Gupta And Sons [Huf] |
18000 |
|
Rajender Kumar And Sons |
5100 |
|
Hari Kishore |
21540 |
|
Dinesh Singhal |
11800 |
|
Mukesh Kumar Aggarwal |
6000 |
|
N. K. Aggarwal And Sons |
6500 |
|
Nand Kishore And Sons |
15000 |
|
Raj Kumar Bansal |
90860 |
|
Sulochana Bansal |
42640 |
|
Mahavir Prasad And Sons |
14800 |
|
Vinod Kuma |
47200 |
|
Krishna Devi |
24500 |
|
Sumitra Devi |
3000 |
|
Lal Chand And Sons |
3500 |
|
Ashok Kumar [Huf] |
3500 |
|
Sunita Aggarwal |
3000 |
|
Performance Trading & Investment Pvt. Ltd. |
50000 |
|
Parveen Kumar |
30000 |
|
Santosh Devi |
184000 |
|
Sandeep Lohia |
96010 |
|
Gagan Garg |
10100 |
|
J.P. Gupta And Sons |
75100 |
|
Jai Prakash Garg |
22600 |
|
Jai Prakash Garg And Sons [Huf] |
13100 |
|
Kaushalya Devi |
37100 |
|
Mewa Devi |
100 |
|
Manmohan Garg |
8100 |
|
Parveen Kumar |
59400 |
|
Rahul Gupta |
100 |
|
Shashi |
7100 |
|
S . K. Bansal And Sons [Huf] |
100 |
|
Shakuntala De |
11600 |
|
Usha Garg |
200100 |
|
Madan Electronics Pvt Ltd. |
100 |
|
Sanjay Mittal |
100 |
|
Toshina Chemical Pvt. Ltd. |
100 |
|
Vinod Kumar Gupta |
15000 |
|
Ranju Gupta |
15000 |
|
Sarita Devi |
15000 |
|
Manoj Gupta |
15000 |
|
Rajesh Kumar Goyal |
20000 |
|
Pawan Kumar |
12500 |
|
Shankar Lal Gupta |
12500 |
|
Neetu Aggarwal |
25000 |
|
Manoj Kumar |
10000 |
|
Kailash Chand |
20000 |
|
Prem Lata |
20000 |
|
Dinesh Kumar |
15000 |
|
Deepak Gupta |
200 |
|
Kamlesh |
20000 |
|
Kamlesh |
68000 |
|
Ankur Gupta |
40000 |
|
|
|
|
Total |
2371660 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
2.12 |
|
Directors or relatives of Directors |
47.72 |
|
Other top fifty shareholders |
50.16 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Co-Ex Bottles, Tin Containers, Multilayer
Bottles. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
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Exports : |
Not Available |
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|
|
|
Imports : |
|
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Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
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|
Selling : |
Cash, L/C and Credit |
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|
|
|
Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
60 (Approximately) |
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Bankers : |
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Facilities : |
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S P Agarwal and Company Chartered Accountant |
|
Address : |
5, Todarmal Lane, First Floor, Bengali Market, New Delhi – 110001,
India |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2371660 |
Equity Shares |
Rs.10/- each |
Rs. 23.717 Millions |
|
|
Ganseh Ji Maharaj |
|
Rs. 0.001
Million |
|
|
|
|
|
|
|
Total |
|
Rs. 23.718 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
23.718 |
23.718 |
23.718 |
|
(b) Reserves & Surplus |
76.304 |
73.654 |
46.298 |
|
(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) |
100.022 |
97.372 |
70.016 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
9.494 |
23.449 |
26.439 |
|
(b) Deferred tax liabilities (Net) |
0.540 |
0.680 |
0.213 |
|
(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) |
10.034 |
24.129 |
26.652 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
58.328 |
74.109 |
63.477 |
|
(b) Trade payables |
39.538 |
20.972 |
39.084 |
|
(c) Other current
liabilities |
2.021 |
2.316 |
4.531 |
|
(d) Short-term
provisions |
10.991 |
9.206 |
0.562 |
|
Total Current
Liabilities (4) |
110.878 |
106.603 |
107.654 |
|
|
|
|
|
|
TOTAL |
220.934 |
228.104 |
204.322 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
50.053 |
51.185 |
47.176 |
|
(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 |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.558 |
7.114 |
0.530 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
59.711 |
58.399 |
47.806 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
45.099 |
38.320 |
41.988 |
|
(c) Trade receivables |
96.091 |
112.162 |
98.750 |
|
(d) Cash and cash
equivalents |
3.936 |
2.485 |
1.488 |
|
(e) Short-term loans
and advances |
16.097 |
16.738 |
14.292 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
161.223 |
169.705 |
156.518 |
|
|
|
|
|
|
TOTAL |
220.934 |
228.104 |
204.324 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
264.147 |
236.718 |
281.770 |
|
|
|
Other Income |
0.691 |
0.031 |
0.100 |
|
|
|
TOTAL |
264.838 |
236.749 |
281.870 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
193.392 |
154.310 |
219.459 |
|
|
|
Change in inventory of finished goods, Work-in-progress |
(7.558) |
9.182 |
(19.476) |
|
|
|
Employee Benefits Expense |
8.752 |
8.418 |
8.468 |
|
|
|
Other Expenses |
47.521 |
43.602 |
53.768 |
|
|
|
Exceptional Items |
0.000 |
(30.895) |
0.000 |
|
|
|
TOTAL |
242.107 |
184.617 |
262.219 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
22.731 |
52.132 |
19.651 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
11.243 |
12.152 |
9.058 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.488 |
39.980 |
10.593 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.181 |
4.913 |
3.303 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.307 |
35.067 |
7.290 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.658 |
7.711 |
1.805 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.649 |
27.356 |
5.485 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.12 |
11.53 |
2.31 |
|
Expected Sales (2014-2015): Rs.360.000 Millions
The above information has been parted by Mr. Kavendra
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.00 |
11.56 |
1.95 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.61 |
22.02 |
6.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.95 |
15.38 |
3.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.36 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.68 |
1.00 |
1.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45 |
1.59 |
1.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
23.718 |
23.718 |
23.718 |
|
Reserves & Surplus |
46.298 |
73.654 |
76.304 |
|
Net worth |
70.016 |
97.372 |
100.022 |
|
|
|
|
|
|
long-term borrowings |
26.439 |
23.449 |
9.494 |
|
Short term borrowings |
63.477 |
74.109 |
58.328 |
|
Total borrowings |
89.916 |
97.558 |
67.822 |
|
Debt/Equity ratio |
1.284 |
1.002 |
0.678 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
281.770 |
236.718 |
264.147 |
|
|
|
(15.989) |
11.587 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Revenue from operations |
281.770 |
236.718 |
264.147 |
|
Profit |
5.485 |
27.356 |
2.649 |
|
|
1.95% |
11.56% |
1.00% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
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 |
Yes |
UNSECURED LOAN
|
Particular |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
|
|
|
|
Loans And
Advances From Directors & Relatives |
|
|
|
From Directors |
2.723 |
12.461 |
|
From Others |
2.817 |
5.342 |
|
TOTAL |
5.540 |
17.803 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10458068 |
21/03/2014 * |
185,587,000.00 |
Canara Bank |
Canara Bank, Sadar Bazar,
Delhi, Delhi - 110006, |
C03364726 |
|
2 |
10428315 |
29/04/2013 |
13,700,000.00 |
Canara Bank |
Sadar Bazar, Delhi, Delhi
- 110006, INDIA |
B75952002 |
|
3 |
10411211 |
19/02/2013 |
20,000,000.00 |
Canara Bank |
Sadar Bazar, Delhi, Delhi
- 110006, INDIA |
B70586706 |
|
4 |
10226821 |
18/06/2010 |
140,000,000.00 |
Canara Bank |
Sadar Bazar, Delhi, Delhi
- 110006, INDIA |
A88647292 |
|
5 |
10047746 |
25/01/2014 * |
133,500,000.00 |
UNION BANK OF INDIA |
B-2/15, PASCHIM VIHAR,
NEW DELHI, Delhi - 110063, INDIA |
B95238168 |
* Date of charge modification
FIXED ASSETS
- Plant &
Machinery
- Plant &
Machinery Unit-II
- Cooler
- Air
Conditioner
- Cellular
Phone
- Fire
Extinguisher
- Fire
Extinguisher unit-II
- Electric fan
- Electric Equp
& Fitting
- EPBEX
- Fax Machine
- Office
Equipment
- Refrigerator
- Weighted
Machine
- Mineral Water
Mach
- Mould &
Dies
- Mould &
Dies unit-II
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 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.62.39 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
4 |
|
--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 |
|
44 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.