MIRA INFORM REPORT

 

 

Report No. :

329896

Report Date :

02.07.2015

 

IDENTIFICATION DETAILS

 

Name :

HYDROMET (INDIA) LIMITED (w.e.f 23.06.1995)

 

 

Formerly Known As :

RAJESHWARI SMELTERS LIMITED

 

 

Registered Office :

Vedal Village, Rajakulam Post, Kancheepuram D.T, Kancheepuram – 631561, Tamilandu

Tel. No.:

91-44-25353091

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

14.05.2002

 

 

Com. Reg. No.:

18-048922

 

 

Capital Investment / Paid-up Capital :

Rs. 96.067 Million

 

 

CIN No.:

[Company Identification No.]

U37100TN2002PLC048922

 

 

IEC No.:

0794011713

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Subject engaged in the business of manufacturing non ferrous metallic products.

 

 

No. of Employees :

Information declined by the management 

 

 

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

 

Maximum Credit Limit :

USD 100000

 

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having moderate track record.

 

Rating takes into consideration, subjects moderate financial risk profile marked by small net worth base, modest scale of operations and working capital intensive operation of the company.

 

However, rating derives strength from the promoter's extensive experience.

 

Trade relations are fair. Business is active. Payment terms are reported to be slow but correct.

 

Subject can be considered for business dealings at usual trade terms and conditions.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

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: BB-

Rating Explanation

Inadequate credit quality and high credit risk.

Date

11.06.2015

 

 

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 31-03-2013.

 

INFORMATION DECLINED 

 

MANAGEMENT NON CO-OPERATIVE (91-44-25353091)

 

LOCATIONS

 

Registered Office / Factory / Headquartered:

Vedal Village, Rajakulam Post, Kancheepuram D.T, Kancheepuram – 631561, Tamilandu, India

Tel. No.:

91-44-25353091/27294561/37204848

Fax No.:

Not Available

E-Mail :

admin@hydrometindia.com

factory@hydrometindia.com

Website:

www.hydrometindia.com

 

 

Administrative Office:

No.241, Mint Street, 5th Floor, Park Town, Chennai-600003. Tamilnadu, India

Tel No.:

91-44-25353091

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Mr. Venkatasubramani Muthukali

Designation :

Managing director

Address :

N No 4 and 6, Old No 25 and 26, Umayal Road Kilpauk, Chennai - 600010, Tamilnadu, India

Date of Birth/Age :

17.10.1964

Date of Appointment :

29.01.2011

DIN No.:

00418761

PAN No.:

ADIPM4273C

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U27320KA1989PTC010519

RAJESHWARI METALLURGICALS Private Limited

Director

20-11-89

20-11-89

-

Active

NO

2

U67120KA1990PTC011102

K.S.M.SONS HOLDING PRIVATE LIMITED

Director

01-08-90

01-08-90

-

Active

NO

3

U24119KA1987PTC008150

BLUE CRYSTAL CHEMICALS Private Limited

Director

23-12-93

23-12-93

-

Active

NO

4

U27320KA1998PTC023370

SHABARI METALS PRIVATE LIMITED

Director

07-11-01

07-11-01

-

Active

NO

5

U37100TN2002PLC048922

HYDROMET (INDIA) LIMITED

Managing director

29-01-11

14-05-02

-

Active

NO

6

U24294TN1992PLC022210

KSM METALLURGICALS LIMITED

Director

17-07-04

17-07-04

-

Active

NO

7

U70102KA2010PTC052472

MAARS INFRA DEVELOPERS PRIVATE LIMITED

Director

11-02-10

11-02-10

-

Active

NO

8

U45200KA2006PTC040247

GARDENCITY INFRASTRUCTURES PRIVATE LIMITED

Director

21-09-12

19-08-11

-

Active

NO

 

 

Name :

Mr. Jayaram Muthukali

Designation :

Director

Address :

#234, Vedasandur, 5th Cross, 2nd Block RMV 2nd Stage, Bangalore - 560094, Karnataka, India

Date of Appointment :

14.05.2002

DIN No.:

01203830

PAN No.:

ABGPJ5791E

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U27320KA1989PTC010519

RAJESHWARI METALLURGICALS Private Limited

Director

20-11-89

20-11-89

-

Active

NO

2

U67120KA1990PTC011102

K.S.M.SONS HOLDING PRIVATE LIMITED

Director

01-08-90

01-08-90

-

Active

NO

3

U45201KA1981PTC004561

AASHIANA APARTMENTS PRIVATE LIMITED

Director

29-09-04

29-01-92

05-09-14

Active

NO

4

U24119KA1987PTC008150

BLUE CRYSTAL CHEMICALS Private Limited

Director

23-12-93

23-12-93

-

Active

NO

5

U27320KA1998PTC023370

SHABARI METALS PRIVATE LIMITED

Director

11-02-98

11-02-98

-

Active

NO

6

U37100TN2002PLC048922

HYDROMET (INDIA) LIMITED

Director

14-05-02

14-05-02

-

Active

NO

7

U27201KA2004PTC035213

METREX ALLOYS (INDIA) PRIVATE LIMITED

Managing director

10-12-04

10-12-04

-

Active

NO

8

U74999TN2004PTC054965

T.S.P METMIN PRIVATE LIMITED

Director

20-12-04

20-12-04

02-01-12

Active

NO

9

U24119KA1981PTC004098

CHEMITALS PRIVATE LIMITED

Whole-time director

15-03-10

24-01-05

-

Active

NO

10

U27200KA2009PTC049272

RAJESHWARI METPRO PRIVATE LIMITED

Managing director

03-03-09

03-03-09

-

Active

NO

 

 

Name :

Mr. Angappan Sivanesan Sivasunder

Designation :

Director

Address :

27A, Angalamman Koil Street, Kanchipuram - 631501, Tamil Nadu, India

Date of Appointment :

30.10.2008

DIN No.:

02410300

PAN No.:

DPAPS0092Q

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

SHAREHOLDING DETAIL FILE ATTACHED

 

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

52.00

Directors or relatives of Directors

45.00

Other top fifty shareholders

3.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Subject engaged in the business of manufacturing non ferrous metallic products.

 

 

Products :

Item Code No.

Product Description

79012090

Zinc Product

74031100

Copper Product

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS: NOT AVAILABLE

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management 

 

 

Bankers :

IDBI Bank, "IDBI Tower", Cuffe Parade, Coloba, Mumbai - 400005, Maharashtra, India

 

Banker Name

Union Bank of India

Branch Address

Overseas Branch, 96 G N Chetty Road, T. Nagar, Chennai - 600017,

Tamilnadu, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Rupee term loans from banks

0.000

2.815

Working capital loans from banks

(Raw material, WIP, Finished goods and second charge of all assets the company subject to any

charges in respect of the same.)

27.597

25.638

Deferred payment liabilities

(Secured against the Assets of the company both

present and future subject to the first charge on the respective assets)

0.401

0.867

Loans taken for fixed assets

0.577

0.000

Total

28.575

29.320

 

Auditors :

 

Name :

Ganesh Venkat and Company

Chartered Accountants

Address :

No 9 D, Kamalabai Street, T Nagar , Chennai – 600017, Tamilnadu, India

PAN N Income-tax PAN of auditor or auditor's firm :

AAGFG4034Q

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Related Party Transactions:
  • KSM Metallurgical Limited, India [U24294TN1992PLC022210]
  • Malvika Enterprises
  • Rajeshwari Metpro Private Limited
  • Jayram Metal Rolling Mills

 

 

Concerns in which Directors are interested in :
  • Rajeshwari Metallurgicals Limited
  • KSM Metallurgical Limited         
  • Blue Crystal Chemicals Private Limited.
  • Rajeshwari Copper Products
  • Malvika Enterprises
  • Jayram Metal Rolling Mills
  • Sabari Metals Private Limited
  • Chemitals Private Limited
  • Rajeshwari Metpro Private Limited
  • Matrex Alloys (India) Private Limited
  • Maars Infra Developers Private Limited
  • Gardden City Infra Private Limited
  • Prudential Real Trust Private Limited
  • Rajeshwari Metal Impex Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

15000000

Equity Shares

Rs.10/- each

Rs. 150.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

9606741

Equity Shares

Rs.10/- each

Rs. 96.067 Million

 

 

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

 

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

96.067

67.513

67.513

(b) Reserves & Surplus

(60.630)

(68.810)

(69.565)

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

4.633

4.633

Total Shareholders’ Funds (1) + (2)

35.437

3.336

2.581

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

97.755

95.165

98.394

(b) Deferred tax liabilities (Net)

9.670

9.114

9.857

(c) Other long term liabilities

23.500

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

130.925

104.279

108.251

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

0.000

0.000

0.000

(b) Trade payables

46.192

113.756

119.741

(c) Other current liabilities

25.430

70.221

18.208

(d) Short-term provisions

6.741

2.874

2.748

Total Current Liabilities (4)

78.363

186.851

140.697

 

 

 

 

TOTAL

244.725

294.466

251.529

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

98.625

99.899

65.053

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.472

0.000

22.207

(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

1.144

1.204

1.440

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

100.241

101.103

88.700

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

106.653

135.148

78.874

(c) Trade receivables

22.639

8.315

45.339

(d) Cash and cash equivalents

0.299

1.466

1.455

(e) Short-term loans and advances

10.878

15.910

3.482

(f) Other current assets

4.015

32.524

33.679

Total Current Assets

144.484

193.363

162.829

 

 

 

 

TOTAL

244.725

294.466

251.529

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Income

282.931

115.488

129.294

 

Other Income

50.378

17.190

16.126

 

TOTAL (A)

333.309

132.678

145.420

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

168.839

58.822

35.783

 

Purchases of Stock-in-Trade

79.707

35.077

25.929

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

5.824

(20.189)

24.630

 

Employees benefits expense

8.325

6.293

6.836

 

Other expenses

30.249

28.880

24.590

 

TOTAL (B)

292.944

108.883

117.768

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

40.365

23.795

27.652

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

18.425

15.114

22.281

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

21.940

8.681

5.371

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

8.303

7.617

6.842

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

13.637

1.064

(1.471)

 

 

 

 

 

Less

TAX (H)

5.457

0.309

(1.500)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

8.180

0.755

0.029

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

0.85

0.11

NA

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

5.384

9.166

0.000

Cash generated from operations

NA

NA

NA

 

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

2.89

0.65

0.02

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

14.27

20.60

21.39

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

5.58

0.36

-0.64

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.38

0.32

-0.57

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

2.91

31.27

38.12

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.84

1.03

1.16

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

67.513

67.513

96.067

Reserves & Surplus

(69.565)

(68.810)

(60.630)

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

4.633

4.633

0.000

Net worth

2.581

3.336

35.437

 

 

 

 

long-term borrowings

98.394

95.165

97.755

Short term borrowings

0.000

0.000

0.000

Current maturities of long-term debts

0.000

9.166

5.384

Total borrowings

98.394

104.331

103.139

Debt/Equity ratio

38.122

31.274

2.910

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

129.294

115.488

282.931

 

 

(10.678)

144.987

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

129.294

115.488

282.931

Profit

0.029

0.755

8.180

 

0.02%

0.65%

2.89%

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report (Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

No

8

Designation of contact person

No

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

Yes

12

Voter Id Card No. of Proprietor / Partners

No

13

Type of business

Yes

14

Line of Business

Yes

15

Export/import details (if applicable)

No

16

No. of employees

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

No

29

Profitability for last three years

Yes

30

Major shareholders, if available

Yes

31

External Agency Rating, if available

Yes

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

OPERATIONS:

 

Turnover for the current financial year was at Rs.282.931 Million as compared to previous financial year of Rs.115.488 Million.

 

BACKGROUND

 

Subject was incorporated on 08th December 1993, under the Companies Act, 1956. The Company is headquartered in Kanchipuram, India and is mainly engaged in the business of manufacturing non ferrous metallic products. During the Financial Year 2012-13, The factory was shut down till July 2012 for fulfilling the conditions of Tamilnadu Pollution Control Board.

 

UNSECURED LOAN

 

Particulars

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWING

 

 

Intercorporate deposits

0.000

50.718

Loans and advances from related parties

21.777

0.000

Loans and advances from related parties

0.000

15.128

Other loans and advances, others

47.403

0.000

Total

69.180

70.514

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

80009785

11/03/2015 *

100,000,000.00

UNION BANK OF INDIA

OVERSEAS BRANCH, 139, 1ST FLOOR, BROADWAY, CHENN
AI, TAMIL NADU - 600108, INDIA

C46752119

 

* Date of charge modification

 

CONTINGENT LIABILITIES:

 

 

 

FIXED ASSETS

 

Tangible assets

 

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.63.62

UK Pound

1

Rs.99.89

Euro

1

Rs.70.77

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

SAN

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

2

--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

YES

--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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.