MIRA INFORM REPORT
|
Report No. : |
303001 |
|
Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
S. V. S. WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shed No. D-36, Phase No. IV,
Extension I.D.S. Jeedimetla, R.R.DT, Hyderabad – 500055, Telangana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.06.1996 |
|
|
|
|
Com. Reg. No.: |
01-024442 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.23.274 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209TG1996PTC024442 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS04075B HYDS04192G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS9904P |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer of Superior Quality Refrigerator Wire. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The rating takes into consideration company moderate financial risk
profile and a loss incurred by the company during FY 2014. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealing with some
caution. |
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 |
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.
LOCATIONS
|
Registered Office/ Head Office/ Unit I : |
Shed No. D-36, Phase No. IV,
Extension I.D.S. Jeedimetla, R.R.DT, Hyderabad – 500055, Telangana,
India |
|
Tel. No.: |
91-40-23092271/ 23090050/ 65980632 |
|
Fax No.: |
91-40-23097228 |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Condensor and
Filter Drier Plant Unit II |
Plot No. 4, Phase IV Extn. Jeedimetla, Hyderabad, Telangana, India |
|
Tel. No.: |
91 - 40 - 23091045, 65980634 |
|
|
|
|
West India Shelf
Plant (Pune Unit) |
Gat No. 35/1 Village: Karde, Taluka: Shirur, Dist: Pune,
Maharashtra, India |
|
Tel No: |
91 - 2138 - 288016 |
|
Email : |
|
|
|
|
|
North India Shelf
Plant (Ghaziabad Unit) |
1022 , Bisrakh Road, Village : Chapraula, Dist : Gautam
Budh Nagar, Uttar Pradesh , India |
|
Tel No: |
91 - 120 - 6529869,6529816 |
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Fax No.: |
91 - 120 - 2717641 |
|
Email : |
|
|
|
|
|
Polymer Division |
D-1, Phase IV Extn. Jeedimetla, Hyderabad, Telangana, India |
|
Tel. No.: |
91 - 40 - 23193406, 65980635 |
|
Fax No.: |
91 - 40 - 23097228 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Praveen Kumar Tyagi |
|
Designation : |
Director |
|
Address : |
Plot No.41 and 45, Kiran Enclave, Sikh Road, Secunderabad – 500009,
Telangana, India |
|
Date of Birth/Age : |
13.11.1972 |
|
Qualification : |
M. Tech |
|
Date of Appointment : |
01.08.2004 |
|
DIN No.: |
00239677 |
|
|
|
|
Name : |
Mrs. Madhu Tyagi |
|
Designation : |
Director |
|
Address : |
Plot No.41 and 45, Kiran Enclave, Sikh Road, Secunderabad – 500009,
Telangana, India |
|
Date of Birth/Age : |
15.06.1964 |
|
Date of Appointment : |
26.06.1996 |
|
DIN No.: |
00253106 |
|
|
|
|
Name : |
Mr. Mudugandur Rajasekhara Sastry |
|
Designation : |
Director |
|
Address : |
Plot No.407, SMR Empire Street No.9, West Marredpally, Telangana,
India |
|
Date of Birth/Age : |
17.06.1940 |
|
Date of Appointment : |
04.09.1997 |
|
DIN No.: |
00074932 |
MAJOR SHAREHOLDERS
As on: 30.09.2014
|
Names of
Shareholders |
No. of Shares |
|
Suresh Kumar
Tyagi |
20770 |
|
Madhu Tyagi |
53890 |
|
Praveen Kumar Tyagi |
87020 |
|
Tarun Kumar Tyagi |
1000 |
|
S. K. Tyagi and Sons (HUF) |
7540 |
|
Preeti Tyagi |
500 |
|
Bhavana Tyagi |
24380 |
|
Praveen Kumar Tyagi and Sons (HUF) |
7315 |
|
Arun Tyagi |
9500 |
|
Sita Ram Gupta |
2000 |
|
Veerender Kumar Tyagi |
1000 |
|
M. Rajasekhara Sastry |
1000 |
|
Vijaya Laxmi Sastry |
925 |
|
Ashok Thakur |
3300 |
|
Govind Giri |
3250 |
|
R P Singh |
2150 |
|
Mukesh Tyagi |
1000 |
|
Rita Giri |
1000 |
|
Shashi Kumar |
2000 |
|
Rekha Gupta |
3000 |
|
Rajendra Ranjit |
200 |
|
TOTAL |
232740 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of directors |
86.23 |
|
Other top fifty shareholders |
13.77 |
|
Total
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Superior Quality Refrigerator Wire. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Available |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
SECURED
LOAN (Rs.
In Millions)
LONG-TERM BORROWING Notes: Term
loans are repayable in equal monthly instalments over the term of the loan ranging
to 2 years. |
|
Banking
Relations : |
--- |
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|
|
|
Auditors : |
|
|
Name : |
Dagliya and Company Chartered Accountants |
|
Address : |
5-5-9/13, 2nd Floor, Srinivasa Building, Ranigunj, Secunderabad – 500003, Andhra Pradesh, India |
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Tel. No.: |
91-40-27713308 |
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Fax No.: |
91-40-27713488 |
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E-Mail : |
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PAN No.: |
AAAFD6954E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
Associates : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
232740 |
Equity Shares |
Rs.100/-
each |
Rs. 23.274
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
23.274 |
22.020 |
22.020 |
|
(b) Reserves & Surplus |
34.445 |
44.563 |
41.577 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
3.800 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
57.719 |
70.383 |
63.597 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
28.858 |
61.049 |
60.617 |
|
(b) Deferred tax liabilities (Net) |
2.655 |
9.798 |
8.451 |
|
(c) Other long term liabilities |
2.730 |
4.285 |
4.377 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
34.243 |
75.132 |
73.445 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
102.125 |
125.092 |
94.232 |
|
(b) Trade payables |
109.782 |
83.282 |
113.585 |
|
(c) Other current liabilities |
29.056 |
24.848 |
19.060 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
240.963 |
233.222 |
226.877 |
|
|
|
|
|
|
TOTAL |
332.925 |
378.737 |
363.919 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
134.291 |
133.496 |
110.053 |
|
(ii) Intangible Assets |
0.004 |
0.017 |
0.030 |
|
(iii) Capital work-in-progress |
3.272 |
13.009 |
26.672 |
|
(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 |
3.669 |
3.593 |
2.813 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
141.236 |
150.115 |
139.568 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
87.444 |
114.329 |
89.530 |
|
(c) Trade receivables |
79.914 |
78.537 |
112.230 |
|
(d) Cash and cash equivalents |
5.771 |
12.775 |
2.046 |
|
(e) Short-term loans and advances |
18.176 |
22.475 |
20.370 |
|
(f) Other current assets |
0.384 |
0.506 |
0.175 |
|
Total Current
Assets |
191.689 |
228.622 |
224.351 |
|
|
|
|
|
|
TOTAL |
332.925 |
378.737 |
363.919 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
799.909 |
716.497 |
|
|
|
Other Income |
|
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
11.089 |
8.027 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
6.757 |
5.820 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
4.332 |
2.207 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
1.347 |
0.761 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(12.663) |
2.985 |
1.446 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
0.000 |
4.699 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(54.41) |
13.56 |
6.057 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA |
0.37 |
0.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
1.18 |
0.65 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.06 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.27 |
2.64 |
2.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.80 |
0.98 |
0.99 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
22.020 |
22.020 |
23.274 |
|
Reserves & Surplus |
41.577 |
44.563 |
34.445 |
|
Share Application money
pending allotment |
0.000 |
3.800 |
0.000 |
|
Net
worth |
63.597 |
70.383 |
57.719 |
|
|
|
|
|
|
long-term borrowings |
60.617 |
61.049 |
28.858 |
|
Short term borrowings |
94.232 |
125.092 |
102.125 |
|
Total
borrowings |
154.849 |
186.141 |
130.983 |
|
Debt/Equity
ratio |
2.435 |
2.645 |
2.269 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last two 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 |
Yes |
|
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 |
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 |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2014 |
As on 31.03.2013 |
|
LONG-TERM BORROWING |
|
|
|
From directors and their relatives |
16.873 |
30.641 |
|
From a Shareholder |
1.256 |
5.113 |
|
From Others |
1.000 |
1.000 |
|
Total |
19.129 |
36.754 |
Notes:
Unsecured loan taken from directors and their relatives are intended to be repaid after 1 Year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10239850 |
27/07/2012 * |
156,100,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B45000221 |
|
2 |
10236693 |
27/07/2012 * |
156,100,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B44820090 |
|
3 |
10009625 |
18/12/2009 * |
70,500,000.00 |
STATE BANK OF HYDERABAD |
MSME DIVISION, GUNFOUNDRY BRANCH, HYDERABAD, TELANGANA - 500001, INDIA |
A76076637 |
|
4 |
90122968 |
05/05/2001 |
265,000.00 |
STATE BANK OF HYDERABAD |
SBI DIVISION, HYDERABAD, TELANGANA, INDIA |
- |
|
5 |
90124042 |
20/06/2005 * |
4,500,000.00 |
STATE BANK OF HYDERABAD |
SBI DIVISION, HYDERABAD, TELANGANA, INDIA |
- |
|
6 |
90123962 |
24/12/1997 |
3,780,000.00 |
STATE BANK OF HYDERABAD |
SBI DIVISION GUNFOUNDRY BRANCH, HYDERABAD, TELANGANA, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Borewell
- Furniture and Fixture
- Plant and Machinery
- Generator
- Vehicles
- Transport Vehicles
- Testing Equipment
- Weighing Machine
- Fire Extinguisher
- Office Equipment
- Computers
- Cellular Phone
- Cycle
- Dies and Tools
Intangible
Assets
- Software
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. 62.10 |
|
|
1 |
Rs. 94.09 |
|
Euro |
1 |
Rs. 74.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ASH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.