MIRA INFORM REPORT
|
Report No. : |
304092 |
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Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
FIRESTAR INTERNATIONAL PRIVATE LIMITED (w.e.f. 28.09.2011) |
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Formerly Known
As : |
FIRESTONE INTERNATIONAL PRIVATE LIMITED |
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Registered
Office : |
AE- 4050, 4th Floor, A Tower, East Wing, Bharat Diamond Bourse, G-Block,
BKC, Bandra (East), Mumbai – 400051, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
01.04.2004 |
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Com. Reg. No.: |
11-145478 |
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Capital Investment
/ Paid-up Capital : |
Rs. 1097.809 Millions |
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CIN No.: [Company Identification
No.] |
U51909MH2004PTC145478 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACF7931L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and exporter of diamond Jewellery, ring, ear ring, pendant, bracelet |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payments terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long Term Bank Facilities = BBB+ (SO) |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
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Date |
December 29, 2014 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Bank Facilities = A2 (SO) |
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Rating Explanation |
Strong degree of safety and low credit risk. |
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Date |
December 29, 2014 |
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 : |
AE- 4050, 4th Floor, A Tower, East Wing, Bharat Diamond Bourse, G-Block,
BKC, Bandra (East), Mumbai – 400051, Maharashtra, India |
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Tel. No.: |
91-22-30012132/30019000/30019155 |
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Fax No.: |
91-22-23810287 |
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E-Mail : |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Nirav Deepak Modi |
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Designation : |
Director |
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Address : |
4, Grosnenor House, 2nd Floor, Pedder Road, Mumbai –
400026, Maharashtra, India |
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Date of Birth/Age : |
27.02.1971 |
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Date of Appointment : |
01.04.2004 |
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PAN: |
AABPM9885C |
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DIN No.: |
00190509 |
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Other Directorship:
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Name : |
Mr. Himanshu Pravinchandra Trivedi |
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Designation : |
Director |
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Address : |
Flat B 27 Shantisadan Shankar Lane, Kandivali Lane, Kandivali (West),
Mumbai – 400067, Maharasshtra, India |
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Date of Birth/Age : |
08.10.1966 |
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Date of Appointment : |
17.02.2009 |
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DIN No.: |
02634418 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Shyamsunder V. Wadhwa |
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Designation : |
Company Secretaries |
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Address : |
Bunglow No. 5, Vaikunth Society Sindhi Colony, Chambur, Mumbai –
400071, Maharashtra, India |
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Date of Birth/Age : |
04.03.1964 |
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Date of Appointment : |
17.02.2009 |
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PAN No.: |
AAAPW0822G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders (Equity Share) |
|
No. of Shares |
|
Nirav Modi |
|
56941131 |
|
Firestone Trading Private Limited |
|
3405977 |
|
Neeshal Trading Private Limited |
|
533891 |
|
Devdatta enterprises Private Limited (Formerly Known as Paragon Enterprises Private Limited) |
|
100286 |
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Panchaganya Diamonds LLP(Formerly Known as Paragon Diamonds Private Limited) |
|
100286 |
|
NDM Enterprises Private Limited |
|
100286 |
|
ANM Enterprises Private Limited |
|
29933619 |
|
Paragon Merchandising LLP (Formerly known as Paragon Merchandising Private Limited) |
|
595000 |
|
Paragon Jewellery LLP(Formerly known as Paragon Jewelry Private Limited) |
|
130000 |
|
Firestone Diamond FZE |
|
176667 |
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Jade Bridge Holdings Limited |
|
4171166 |
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Neeshal Enterprises LLP(Formerly known as Neeshal Enterprises Private Limited) |
|
840000 |
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Nirav modi on behalf of Nirav family trust |
|
4615914 |
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Nirav Modi on behalf of Nirav Modi Family Trust |
|
4615913 |
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Forcom Worldwide Investment Limited |
|
2669670 |
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Total |
|
108929806 |
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Names of Shareholders (Preference Share) |
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No. of Shares |
|
Firestone Trading Private Limited |
|
916873 |
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Total |
|
916873 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
6.44 |
|
Bodies corporate |
32.81 |
|
Directors or relatives of Directors |
52.27 |
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Other top fifty shareholders |
8.48 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and exporter of diamond Jewellery, ring, ear ring, pendant, bracelet |
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Products : |
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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 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Finance Institute: |
PNB Investment Services Limited, 10, Rakesh Deep Building, New Delhi - 110049, India |
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Auditors : |
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Name : |
Sampat Mehta and Associates Chartered Accountants |
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Address : |
B-501/502, 11 Sarvoday, Western Express Highway, Bandra (East), Mumbai-400051, Maharashtra, India |
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Tel. No.: |
91- |
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Mobile No.: |
91- |
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Fax No.: |
91- |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS1266J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Subsidiaries : |
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Others: |
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Enterprises which
are Owned, or have significant
influence of or are partners with Key management
personnel and their relatives: |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
123000000 |
Equity Shares |
Rs.10/- each |
Rs. 1230.000Millions |
|
3000000 |
Preference Share |
Rs.10/- each |
Rs. 30.000Millions |
|
|
Total |
|
Rs. 1260.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
108929806 |
Equity Shares |
Rs.10/- each |
Rs.1089.298
Millions |
|
916873 |
Preference Share |
Rs.10/- each |
Rs. 9.169
Millions |
|
|
Total |
|
Rs. 1098.467 Millions |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
123000000 |
Equity Shares |
Rs.10/- each |
Rs. 1230.000 Millions |
|
3000000 |
Preference Share |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
Total |
|
Rs. 1260.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
108863993 |
Equity Shares |
Rs.10/- each |
Rs.1088.639
Millions |
|
916873 |
Preference Share |
Rs.10/- each |
Rs. 9.169
Millions |
|
|
Total |
|
Rs. 1097.808 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 |
1097.809 |
1064.813 |
1021.073 |
|
(b) Reserves & Surplus |
10656.539 |
8338.761 |
5905.568 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
29.945 |
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
11784.293 |
9403.574 |
6926.641 |
|
|
|
|
|
|
(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 |
7.942 |
9.550 |
6.319 |
|
Total Non-current
Liabilities (3) |
7.942 |
9.550 |
6.319 |
|
|
|
|
|
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(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
16621.358 |
15421.474 |
10522.050 |
|
(b) Trade payables |
1493.014 |
2147.673 |
2852.334 |
|
(c) Other current liabilities |
37.572 |
38.854 |
75.112 |
|
(d) Short-term provisions |
0.330 |
0.351 |
0.262 |
|
Total Current
Liabilities (4) |
18152.274 |
17608.352 |
13449.758 |
|
|
|
|
|
|
TOTAL |
29944.509 |
27021.476 |
20382.718 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
189.037 |
199.678 |
204.511 |
|
(ii) Intangible Assets |
1.819 |
2.527 |
1.214 |
|
(iii) Capital work-in-progress |
0.300 |
10.889 |
28.376 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
360.051 |
429.474 |
429.474 |
|
(c) Deferred tax assets (net) |
12.341 |
12.401 |
10.383 |
|
(d) Long-term Loan and Advances |
31.394 |
28.136 |
28.027 |
|
(e) Other Non-current assets |
342.668 |
314.009 |
197.234 |
|
Total Non-Current
Assets |
937.610 |
997.114 |
899.219 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
8475.444 |
8065.427 |
5154.815 |
|
(c) Trade receivables |
15973.418 |
13688.233 |
12039.070 |
|
(d) Cash and cash equivalents |
3882.239 |
3767.769 |
1690.749 |
|
(e) Short-term loans and advances |
583.740 |
436.997 |
442.424 |
|
(f) Other current assets |
92.058 |
65.936 |
156.441 |
|
Total Current
Assets |
29006.899 |
26024.362 |
19483.499 |
|
|
|
|
|
|
TOTAL |
29944.509 |
27021.476 |
20382.718 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL INCOME
|
38455.358 |
34970.378 |
25596.406 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Operating and Administrative Expenses |
37322.552 |
34008.710 |
24933.539 |
|
|
|
TOTAL |
37322.552 |
34008.710 |
24933.539 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1132.806 |
961.668 |
662.867 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
238.110 |
190.577 |
125.791 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
894.696 |
771.091 |
537.076 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
37344.823 |
34220.336 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.22 |
7.30 |
5.31 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.83 |
3.62 |
3.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.10 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.41 |
1.64 |
1.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
1.48 |
1.45 |
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 |
1021.073 |
1064.813 |
1097.809 |
|
Share
Application money pending allotment |
0.000 |
0.000 |
29.945 |
|
Reserves & Surplus |
5905.568 |
8338.761 |
10656.539 |
|
Net worth |
6926.641 |
9403.574 |
11784.293 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
10522.050 |
15421.474 |
16621.358 |
|
Total borrowings |
10522.050 |
15421.474 |
16621.358 |
|
Debt/Equity ratio |
1.519 |
1.640 |
1.410 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
25596.406 |
34970.378 |
38455.358 |
|
|
|
36.622 |
9.966 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
25596.406 |
34970.378 |
38455.358 |
|
Profit |
537.076 |
771.091 |
894.696 |
|
|
2.10% |
2.20% |
2.33% |
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
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS:
During the financial year ended 31st March, 2014, company has generated gross revenue of Rs. 38455.358 Million against Rs.34970.378 Millions in preceding financial year. After providing for operating and administrative expenses of Rs.37322.552 Million (Rs.34008.710 Millions in FY 2012-13), the Net Profit (Before Tax) was arrived at Rs.1132.806 Million (Rs.961.668 Millions in FY 2012-13). Further, after deducting the Provision for Taxation amounting to Rs. 238.110 Millions (Rs.190.577 Millions in FY 2012-13) the Net Profit (After Tax) was arrived at Rs.894.696 Million as against Rs.771.091 Millions in FY 2012-13.
UNSECURED LOAN
|
Particular |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
102.650 |
165.862 |
|
Intercorporate borrowings |
5.170 |
7.170 |
|
Total |
107.820 |
173.032 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10514121 |
19/07/2014 |
1,000,000,000.00 |
ALLAHABAD BANK |
OFFICE
NO.4,MITTHAL CHAMBERS, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
C15641855 |
|
2 |
10495496 |
22/03/2014 |
950,000,000.00 |
BANK OF
MAHARASHTRA |
MITTAL COURT,, A-WING,GROUND
FLOOR,NARIMAN POINT, |
C04654521 |
|
3 |
10480666 |
07/02/2014 |
370,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER,
WORLD TRADE COMPLEX,, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B97622856 |
|
4 |
10429904 |
08/05/2013 |
1,200,000,000.00 |
ORIENTAL BANK
OF COMMERCE |
SHREEJI
CHAMBERS, TATA ROAD NO. 2,, OPERA HOUSE, |
B76610526 |
|
5 |
10428869 |
02/05/2013 |
400,000,000.00 |
UCO BANK |
FLAGSHIP CORPORATE
BRANCH,, UCO BANK BUILDING, DR. |
B75820050 |
|
6 |
10416276 |
20/03/2013 |
630,000,000.00 |
IDBI BANK
LIMITED |
IDBI TOWER, WORLD
TRADE COMPLEX,, CUFFE PARADE, MUMBAI, MAHARASHTRA - 400005, INDIA |
B72153893 |
|
7 |
10413245 |
27/09/2014 * |
1,517,500,000.00 |
VIJAYA BANK |
OVERSEAS
BRANCH, MAKER CHAMBER NO. - IV,, NARIMAN POINT,, MUMBAI, MAHARASHTRA -
400021, INDIA |
C27208354 |
|
8 |
10372605 |
07/11/2014 * |
24,800,000,000.00 |
PNB INVESTMENT
SERVICES LIMITED |
10, RAKESH DEEP
BUILDING,, YUSUF SARAI COMMERCIAL |
C32834533 |
|
9 |
10352664 |
27/03/2012 |
389,000,000.00 |
ORIENTAL BANK
OF COMMERCE |
SHREEJI
CHAMBERS, TATA ROAD NO. 2,, OPERA HOUSE, MUMBAI, MAHARASHTRA - 400004,
INDIA |
B38579348 |
|
10 |
10354904 |
11/11/2011 |
1,105,500,000.00 |
VIJAYA BANK |
OVERSEAS
BRANCH, MAKER CHAMBER NO. - IV, NARIMAN |
B34137174 |
* Date of charge modification
FIXED ASSETS:
- Land
- Building
- Plant and Equipment
- Factory Equipment
- Furniture and Fixture
- Vehicle
- Office equipment
- 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 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.61.85 |
|
|
1 |
Rs.93.26 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.