MIRA INFORM REPORT
|
Report No. : |
305257 |
|
Report Date : |
29.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
NASH INDUSTRIES (I) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
236-237/2, 8th Main, 3rd Cross, 2nd Phase, Peenya
Industrial Area, Bangalore - 560 058, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
04.04.2012 |
|
|
|
|
Com. Reg. No.: |
08-063429 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28110KA2012PTC063429 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRN06851F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCN9558Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer sheet metal components. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1000000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as partnerhip concern during the year 2001
with the name of “NASH INDUSRIES”. Later it got converted into private limited
company on 04th April 2012 with the name of “NASH INDUSTRIES
(INDIA) PRIVATE LIMITED”. It is having a satisfactory track record. Mr. Yegneshwaran, finance head has provided information to us. Management has failed to file its financial record with government
department for the year 2014. As per available financial record of 2013, the rating reflects
company’s established market position in the sheet metal component segment
supported by sound financial base and fair profitability margins of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered good for normal business dealings at
usual trade terms and conditions. Note: The rating is based on financial statement of partnership
concern for the year 2011 and 12 and private limited company for the year
2013. |
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 |
CRISIL |
|
Rating |
Long Term Rating = A- |
|
Rating Explanation |
Adequate degree of safety and low credit
risk |
|
Date |
July 10, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
July 10, 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.
INFORMATION PARTED BY
|
Name : |
Ms. Anuradha |
|
Designation : |
Managing Director’s Secretary |
|
Contact No.: |
91-80-41136273 |
|
Date : |
27.01.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
236-237/2, 8th Main, 3rd Cross, 2nd
Phase, Peenya Industrial Area, Bangalore - 560 058, Karnataka, India |
|
Tel. No.: |
91-80–23713187 / 41136273 |
|
Fax No.: |
91-80–23713186 / 41136272 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Unit : |
No 38/1 and 39/2 B, Nagaruru Village, Dasanapura Hobli, Bangalore
North Taluk, Bangalore – 562123, Karnataka, India They have more 7 Units in Bangalore |
|
|
|
|
Factory 2 : |
#102 103, 6th Main Road, 3rd Phase, Peenya
Industrial Area, Bangalore – 560058, Karnataka, India |
|
|
|
|
Factory 3 : |
Bangalore, Karnataka, India |
|
|
|
|
Factory 4 : |
Survey No.38/1 & 39/2B,Nagaruru Village,Dasanapura Hobli, India |
DIRECTORS
As on: 26.03.2012
|
Name : |
Mr. Sanjay Shyam Wadhwa |
|
Designation : |
Director |
|
Address : |
1/1A, Wadhwa House, North Park Road, Kumara Park East, Bangalore –
560001, Karnataka, India |
|
Date of Birth/Age : |
24.11.1970 |
|
Date of Appointment : |
04.04.2012 |
|
DIN No.: |
00321590 |
|
|
|
|
Name : |
Mr. Sandeep Ram Wadhwa |
|
Designation : |
Director |
|
Address : |
1/1A, Wadhwa House, North Park Road, Kumara Park East, Bangalore –
560001, Karnataka, India |
|
Date of Birth/Age : |
18.11.1974 |
|
Date of Appointment : |
04.04.2012 |
|
DIN No.: |
01814941 |
|
|
|
|
Name : |
Mr. Nain S. Wadhwa |
|
Designation : |
Director |
|
Address : |
1/1A, Wadhwa House, North Park Road, Kumara Park East, Bangalore –
560001, Karnataka, India |
|
|
|
|
Name : |
Ms. Neha S. Wadhwa |
|
Designation : |
Director |
|
Address : |
1/1A, Wadhwa House, North Park Road, Kumara Park East, Bangalore –
560001, Karnataka, India |
|
|
|
|
Name : |
Ms. Asha Shyamalal |
|
Designation : |
Director |
|
Address : |
1/1A, Wadhwa House, North Park Road, Kumara Park East, Bangalore –
560001, Karnataka, India |
|
|
|
|
Name : |
Mr. Rahul A Narang |
|
Designation : |
Director |
|
Address : |
No.322, Narangs, 14th main , RMV Extension, Bangalore –
560080, Karnataka, India |
|
|
|
|
Name : |
Mr. Kanchan A Naraga |
|
Designation : |
Director |
|
Address : |
No.322, Narangs, 14th main , RMV Extension, Bangalore – 560080,
Karnataka, India |
KEY EXECUTIVES
|
Name : |
Ms. Anuradha |
|
Designation : |
Managing Director’s Secretary |
|
|
|
|
Name : |
Mr. Yegneshwaran |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.03.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Shyam Wadhwa |
|
1499996 |
|
Sandeep Ram Wadhwa |
|
499999 |
|
Nain S. Wadhwa |
|
1 |
|
Neha S. Wadhwa |
|
1 |
|
Asha Shyamalal |
|
1 |
|
Rahul A Narang |
|
1 |
|
Kanchan A Naraga |
|
1 |
|
|
|
|
|
Total |
|
2000000 |
%20PRIVATE%20LIMITED%20-%20305257%2029-Jan-2015_files/image015.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer sheet metal components. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Europe |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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|
||||||||||||
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Bankers : |
State Bank of India, Specialised Mid Corporate Branch, No.
136, Railway Parallel Road, Kumarapark West, Bangalore - 560020, Karnataka,
India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MRNM and Company Chartered Accountants |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital :
Rs.50.000 Millions
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013
(Private Limited) |
31.03.2012
(Partnership Concern) |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
50.000 |
614.142 |
|
(b) Reserves & Surplus |
|
435.942 |
0.000 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
485.942 |
614.142 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
504.107 |
257.741 |
|
(b) Deferred tax liabilities
(Net) |
|
71.326 |
71.541 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
575.433 |
329.282 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
367.072 |
366.843 |
|
(b) Trade payables |
|
222.841 |
240.551 |
|
(c) Other current liabilities |
|
99.273 |
24.880 |
|
(d) Short-term provisions |
|
60.997 |
67.902 |
|
Total
Current Liabilities (4) |
|
750.183 |
700.176 |
|
|
|
|
|
|
TOTAL |
|
1811.558 |
1643.600 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
696.627 |
555.845 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
11.683 |
10.867 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
64.123 |
40.789 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
772.433 |
607.501 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
248.290 |
201.246 |
|
(c) Trade receivables |
|
407.636 |
469.405 |
|
(d) Cash and cash equivalents |
|
165.527 |
155.391 |
|
(e) Short-term loans and
advances |
|
202.295 |
198.369 |
|
(f) Other current assets |
|
15.377 |
11.688 |
|
Total
Current Assets |
|
1039.125 |
1036.099 |
|
|
|
|
|
|
TOTAL |
|
1811.558 |
1643.600 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
|
|
15.892 |
|
|
2] Partners Current |
|
|
508.341 |
|
|
3] Share Application Money |
|
|
0.000 |
|
|
4] Reserves & Surplus |
|
|
0.000 |
|
|
5] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
524.233 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
315.781 |
|
|
2] Unsecured Loans |
|
|
30.589 |
|
|
TOTAL BORROWING |
|
|
346.370 |
|
|
DEFERRED TAX LIABILITIES |
|
|
37.532 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
908.135 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
413.499 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.573 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
199.167
|
|
|
Sundry Debtors |
|
|
330.218
|
|
|
Cash & Bank Balances |
|
|
11.923
|
|
|
Other Current Assets |
|
|
84.222
|
|
|
Loans & Advances |
|
|
134.773
|
|
Total
Current Assets |
|
|
760.303
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total
Current Liabilities |
|
|
267.240
|
|
|
Net Current Assets |
|
|
493.063
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
908.135 |
|
%20PRIVATE%20LIMITED%20-%20305257%2029-Jan-2015_files/image003.gif){kind=small}
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013
(Private Limited) |
31.03.2012
(Partnership Concern) |
31.03.2011
(Partnership Concern) |
|
|
SALES |
|
|
|
|
|
Income |
2127.427 |
2193.081 |
1803.951 |
|
|
Other Income |
40.477 |
30.462 |
15.741 |
|
|
TOTAL
(A) |
2167.904 |
2223.543 |
1819.692 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1424.315 |
|
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(12.666) |
(4.135) |
|
|
|
Employees benefits expense |
285.644 |
250.131 |
|
|
|
Other expenses |
183.874 |
171.385 |
|
|
|
TOTAL
(B) |
1881.167 |
1946.196 |
1592.011 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
286.737 |
277.347 |
227.681 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
57.146 |
45.909 |
24.267 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
229.591 |
231.438 |
203.414 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
43.056 |
35.595 |
26.728 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
186.535 |
195.843 |
176.686 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
50.593 |
75.684 |
26.426 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
135.942 |
120.159 |
150.260 |
%20PRIVATE%20LIMITED%20-%20305257%2029-Jan-2015_files/image004.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.27 |
5.40 |
8.26 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.77 |
8.93 |
9.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.36 |
11.99 |
15.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38 |
0.32 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.79 |
1.02 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.48 |
2.85 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
614.142 |
50.000 |
|
Reserves & Surplus |
0.000 |
435.942 |
|
Net
worth |
614.142 |
485.942 |
|
|
|
|
|
long-term borrowings |
257.741 |
504.107 |
|
Short term borrowings |
366.843 |
367.072 |
|
Total
borrowings |
624.584 |
871.179 |
|
Debt/Equity
ratio |
1.017 |
1.793 |
%20PRIVATE%20LIMITED%20-%20305257%2029-Jan-2015_files/image017.gif)
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) |
|
Sales |
1803.951 |
2193.081 |
2127.427 |
|
|
|
21.571 |
(2.994) |
%20PRIVATE%20LIMITED%20-%20305257%2029-Jan-2015_files/image019.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1803.951 |
2193.081 |
2127.427 |
|
Profit |
150.260 |
120.159 |
135.942 |
|
|
8.33% |
5.48% |
6.39% |
%20PRIVATE%20LIMITED%20-%20305257%2029-Jan-2015_files/image021.gif)
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10436977 |
15/03/2014 * |
411,200,000.00 |
STATE BANK OF INDIA |
SPECIALISED
MID-CORPORATE BRANCH, NO. 97, RAILWAY |
C03782703 |
|
2 |
10436972 |
22/06/2013 |
501,000,000.00 |
STATE BANK OF INDIA |
SPECIALISED MID
CORPORATE BRANCH, NO. 136, RAILW |
B79680534 |
* Date of charge modification
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. 61.41 |
|
|
1 |
Rs. 93.18 |
|
Euro |
1 |
Rs. 69.82 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
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 |
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 |
|
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.