MIRA INFORM REPORT
|
Report No. : |
304486 |
|
Report Date : |
23.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
KETAN PLASTIC INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 363, (1) (13), Shree Ganesh Industrial Estate, Kachigaon,
Daman and Diu – 396210 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.06.1996 |
|
|
|
|
Com. Reg. No.: |
56-002124 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.625 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25201DD1996PTC002124 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of plastic packing material. |
|
|
|
|
No. of Employees
: |
250 ( Approximately) (In Office + In Factory) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
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 moderate track record. The rating reflects company moderate financial risk profile marked by
very low profit margin and huge borrowings recorded by the company. 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 dealings 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Term loans: B (Downgraded from BB) |
|
Rating Explanation |
High risk of default. |
|
Date |
August 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based limits (A4) |
|
Rating Explanation |
Minimal degree of safety it carry very high
credit risk. |
|
Date |
August 2013 |
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 DENIED BY
|
Name : |
Ms. Pranali |
|
Designation : |
Office Executive |
|
Contact No.: |
91-22-24929204 |
|
Date : |
21.01.2015 |
LOCATIONS
|
Registered Office/Factory : |
Survey No. 363, (1) (13), Shree Ganesh Industrial Estate, Kachigaon,
Daman and Diu – 396210, India |
|
Tel. No.: |
91-260-2242231/3097292 |
|
Fax No.: |
91-260-24929204 |
|
E-Mail : |
sales@ketanindia.com |
|
Website : |
|
|
Area : |
2000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Administrative Office : |
D-2, Mathuradas mill compound, Lower Parel, Mumbai – 400012,
Maharashtra, India |
|
Tel. No.: |
91-22-24929204 |
|
Fax No.: |
91-22-24973466 |
|
E-Mail : |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Dhanesh Banwarilal Jhunjhunwala |
|
Designation : |
Director |
|
Address : |
6/5 Bhagwati Apartments S V Road, Malad (West), Mumbai – 400 064,
Maharashtra, India |
|
Date of Birth/Age : |
01.06.1968 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
20.06.1996 |
|
Din No.: |
00001013 |
|
|
|
|
Name : |
Mrs. Draupatidevi Banwarilal Jhunjhunwala |
|
Designation : |
Director |
|
Address : |
6/5 Bhagwati Apartments |
|
Date of Birth/Age : |
10.03.1941 |
|
Date of Appointment : |
20.06.1996 |
|
DIN No.: |
00001025 |
|
|
|
|
Name : |
Mr. Banwarilal Radheshyam Jhunjhunwala |
|
Designation : |
Chairman |
|
Address : |
6/5 Bhagwati Apartments |
|
Date of Birth/Age : |
10.11.1932 |
|
Qualification : |
B.Com LLB |
|
Date of Appointment : |
29.09.2008 |
|
DIN No.: |
00001024 |
|
|
|
|
Name : |
Mr. Ramakant Banwarilal Jhunjhunwala |
|
Designation : |
Director |
|
Address : |
6/5 Bhagwati Apartments |
|
Date of Birth/Age : |
13.01.1962 |
|
Qualification : |
B.E Management |
|
Date of Appointment : |
29.09.2008 |
|
DIN No.: |
00001022 |
KEY EXECUTIVES
|
Name : |
Ms. Pranali |
|
Designation : |
Office Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ramakant Banwarilal Jhunjhunwala |
|
53500 |
|
Draupatidevi Banwarilal Jhunjhunwala |
|
241000 |
|
Mona Dhanesh Jhunjhunwala |
|
53500 |
|
Banwarilal Radheshyam Jhunjhunwala |
|
66125 |
|
Dhanesh Banwarilal Jhunjhunwala |
|
216635 |
|
Madhu Ramakant Jhunjhunwala |
|
139125 |
|
Kavita Naresh Jhunjhunwala |
|
26625 |
|
Naresh Banwarilala Jhunjhunwala |
|
26010 |
|
Ketan Plastic Private Limited, Mumbai, India |
|
75000 |
|
Ketan Ramakant Jhunjhunwala |
|
65000 |
|
Total |
|
962520 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
7.79 |
|
Directors or relatives of Directors |
92.21 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of plastic packing material. |
|
|
|
|
Products : |
Plastic Packing Material. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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|
|
|
Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
250 ( Approximately) (In Office + In Factory) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Jain and Jain Chartered Accountants |
|
Address : |
601, Jolly Bhawan No. 2, 51, New Marine Lines, Mumbai - 400 020, |
|
Tel. No.: |
91-22-43408888 |
|
Mobile No.: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFJ1726A |
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|
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Memberships : |
Not Available |
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|
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|
Collaborators : |
Not Available |
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Associates : |
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|
Other Related Parties |
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CAPITAL STRUCTURE
As on 30.09.2014
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Share |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
962520 |
Equity Share |
Rs.10/- each |
Rs.9.625 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 |
9.625 |
9.625 |
9.625 |
|
(b) Reserves & Surplus |
40.785 |
40.685 |
43.489 |
|
(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) |
50.410 |
50.310 |
53.114 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
73.384 |
88.297 |
97.077 |
|
(b) Deferred tax liabilities (Net) |
9.808 |
9.744 |
11.791 |
|
(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) |
83.192 |
98.041 |
108.868 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
66.947 |
58.938 |
48.770 |
|
(b) Trade
payables |
68.911 |
72.016 |
78.480 |
|
(c) Other
current liabilities |
30.368 |
23.757 |
31.307 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.135 |
|
Total Current
Liabilities (4) |
166.226 |
154.711 |
158.692 |
|
|
|
|
|
|
TOTAL |
299.828 |
303.062 |
320.674 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
140.871 |
149.854 |
154.690 |
|
(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 |
0.018 |
0.018 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.662 |
2.807 |
2.242 |
|
(e) Other
Non-current assets |
7.177 |
7.548 |
7.030 |
|
Total Non-Current
Assets |
150.710 |
160.227 |
163.980 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
71.351 |
60.689 |
69.965 |
|
(c) Trade
receivables |
37.065 |
43.662 |
43.098 |
|
(d) Cash
and cash equivalents |
4.640 |
3.477 |
3.940 |
|
(e)
Short-term loans and advances |
9.585 |
11.666 |
15.239 |
|
(f) Other
current assets |
26.477 |
23.341 |
24.452 |
|
Total
Current Assets |
149.118 |
142.835 |
156.694 |
|
|
|
|
|
|
TOTAL |
299.828 |
303.062 |
320.674 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
420.206 |
526.892 |
481.779 |
|
|
|
Other Income |
0.843 |
1.656 |
0.499 |
|
|
|
TOTAL (A) |
421.049 |
528.548 |
482.278 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
497.528 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
384.855 |
497.528 |
443.876 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
36.194 |
31.020 |
38.402 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
26.287 |
28.090 |
27.844 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.907 |
2.930 |
10.558 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
9.688 |
7.782 |
9.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
0.219 |
(4.852) |
0.708 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.105 |
(2.047) |
0.116 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.114 |
(2.805) |
0.592 |
|
|
|
|
|
|
|
|
|
Add |
Excess / (Less)
IT Provision written back |
(0.014) |
0.000 |
(0.005) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
36.984 |
39.789 |
39.202 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
37.084 |
36.984 |
39.789 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
115.113 |
160.108 |
209.215 |
|
|
TOTAL EARNINGS |
115.113 |
160.108 |
209.215 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
149.213 |
238.794 |
143.112 |
|
|
TOTAL IMPORTS |
149.213 |
238.794 |
143.112 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.12 |
(5.04) |
0.62 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.03 |
(0.53) |
0.12 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.61 |
5.89 |
7.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.07 |
(1.60) |
0.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
(0.10) |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.78 |
2.93 |
2.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90 |
0.92 |
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 |
9.625 |
9.625 |
9.625 |
|
Reserves & Surplus |
43.489 |
40.685 |
40.785 |
|
Net worth |
53.114 |
50.310 |
50.410 |
|
|
|
|
|
|
long-term borrowings |
97.077 |
88.297 |
73.384 |
|
Short term borrowings |
48.770 |
58.938 |
66.947 |
|
Total borrowings |
145.847 |
147.235 |
140.331 |
|
Debt/Equity ratio |
2.746 |
2.927 |
2.784 |
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) |
|
Sales |
481.779 |
526.892 |
420.206 |
|
|
|
9.364 |
(20.248) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
481.779 |
526.892 |
420.206 |
|
Profit |
0.592 |
(2.805) |
0.114 |
|
|
0.12% |
(0.53%) |
0.03% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
||
|
Current maturities of long-term debt |
13.300 |
6.253 |
16.598 |
|
|
|
|
|
|
Total |
13.300 |
6.253 |
16.598 |
|
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 |
Yes |
|
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS:
During the year the company has achieved a sales of Rs. 420.208 Millions (Rs. 526.892 Millions). The Company has incurred toss mainly on account of exchange fluctuations. During the year foreign currency exposure is being converted in Indian rupees which minimizes risk of exchange fluctuations. The directors are hopeful of better results during the current financial year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
From Shareholders and Director's Relatives (Interest rate 12% PA.) |
44.622 |
46.306 |
|
From Companies Everest Medical Technologies Private Limited (Interest Free loans) |
1.500 |
1.500 |
|
Ketan Plastics Private Limited (Interest rate 12% PA.) Amount disclosed under the head "other |
1.081 |
1.027 |
|
Total |
47.203 |
48.833 |
INDEX OF CHARGES:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10155659 |
08/04/2011 * |
178,700,000.00 |
BANK OF INDIA |
MALAD (WEST)
BRANCH, SWAMI VIVEKANAND ROAD,, OPPOSITES |
B11546736 |
|
2 |
10155658 |
15/04/2009 |
82,500,000.00 |
BANK OF INDIA |
MALAD (WEST) BRANCH,
OPP. NATARAJ MARKET ,, S V ROAD , MALAD (WEST), MUMBAI, MAHARASHTRA -
400064, INDIA |
A61657821 |
|
3 |
90075725 |
23/06/2006 * |
8,750,000.00 |
BANK OF INDIA |
S.V. ROAD ,,
MALAD(W), MUMBAI, MAHARASHTRA - 400064, INDIA |
- |
|
4 |
90077206 |
08/04/2011 * |
90,000,000.00 |
BANK OF INDIA |
MALAD (WEST)
BRANCH, OPP. NATARAJ MARKET ,, S V ROAD , MALAD (WEST), MUMBAI, MAHARASHTRA -
400064, |
B11547031 |
|
5 |
90075706 |
17/08/2004 * |
17,300,000.00 |
THE ECONOMIC DEV.
CORPORATION OF GOA; DAMAN AND D |
EDC HOUSE DR.,
A.B. ROAD ; PANAJI, GOA, GOA, INDI A |
- |
|
6 |
90077184 |
30/09/2002 * |
17,300,000.00 |
THE ECONOMIC
DEV. CORPORATION OF GOA; DAMAN AND D |
EDC HOUSE DR., A.B.
ROAD ; PANAJI, GOA, GOA, INDIA |
- |
Fixed Assets:-
Tangible Assets
· Freehold Land
·
Factory
Building
·
Plant
and Machinery
·
Vehicles
·
Electrical
Installation
·
Flat at
Vapi
·
Office
Equipments
·
Furniture
and Fixture
·
Computers
Intangible Assets
- Computer 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.61.69 |
|
|
1 |
Rs.93.33 |
|
Euro |
1 |
Rs.71.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.