MIRA INFORM REPORT
|
Report No. : |
330644 |
|
Report Date : |
06.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOLDSEAL ENGINEERING PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gold Seal House, Opposite Ceat Tyres Limited, Bhandup, Mumbai – 400078, Maharashtra |
|
Tel. No.: |
91-22-25663498 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.02.1972 |
|
|
|
|
Com. Reg. No.: |
11-015606 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 22.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29100MH1972PTC015606 |
|
|
|
|
IEC No.: |
0388011220 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG1492R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of door seal, window channel, fitted, weather-strips. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company and having good track record. For the year ended 2014, the company has achieve Rs. 42 Crore sales
turnover and reported 11.20% topline growth. Debt to Equity Ratio is also
stood at 0.1 times. Company has established track record of business operations and
promoters has extensive industry experience. Trade relations are fair. Business is active and payments are regular
as per commitment. The company 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 PARTED BY
|
Name : |
Mr. Raghunath |
|
Designation : |
Account Department |
|
Contact No.: |
91-22-67370313 |
|
Date : |
03.07.2015 |
LOCATIONS
|
Registered Office : |
Gold Seal House, Opposite Ceat Tyres Limited, Bhandup, Mumbai – 400078, Maharashtra, India |
|
Tel. No.: |
91-22-25663498/ 67370303/ 67370313 |
|
Fax No.: |
91-22-67370304 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Daulet Abad, Daman Patalia Road, Bhimpore, Daman – 396210, Daman and Diu (U.T.), India |
|
Tel. No.: |
91-260-2220043/ 2221043/ 44 |
|
Fax No.: |
91-260-2221410 |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Cyrus Hoshang Aga |
|
Designation : |
Director |
|
Address : |
51, Sommerset House, Off Warden Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
24.11.1955 |
|
Date of Appointment : |
11.02.1972 |
|
DIN No.: |
00284019 |
|
|
|
|
Name : |
Pilloo Cyrus Aga |
|
Designation : |
Director |
|
Address : |
51, Sommerset House, Off Warden Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
16.09.1955 |
|
Date of Appointment : |
02.12.1985 |
|
DIN No.: |
00284093 |
|
|
|
|
Name : |
Urvaksh Cyrus Aga |
|
Designation : |
Director |
|
Address : |
51, Sommerset House, Off Warden Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
21.03.1980 |
|
Date of Appointment : |
26.02.2004 |
|
DIN No.: |
00283926 |
|
|
|
|
Name : |
Khursheed Cyrus Aga |
|
Designation : |
Director |
|
Address : |
51, Sommerset House, Off Warden Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
21.03.1982 |
|
Date of Appointment : |
26.04.2008 |
|
DIN No.: |
00283874 |
|
|
|
|
Name : |
Darius Cyrus Aga |
|
Designation : |
Director |
|
Address : |
51, Sommerset House, Off Warden Road, Mumbai - 400026, Maharashtra, India |
|
Date of Birth/Age : |
29.09.1985 |
|
Date of Appointment : |
29.06.2012 |
|
DIN No.: |
05331383 |
KEY EXECUTIVES
|
Name : |
Mr. Raghunath |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Cyrus Hoshang Aga and Hoshang Edulji Aga |
|
17550 |
|
Pilloo Cyrus Aga and Cyrus Hoshang Aga |
|
205100 |
|
Cyrus Hoshang Aga and Pilloo Cyrus Aga |
|
771400 |
|
Urvaksh Cyrus Aga and Cyrus Hoshang Aga and Pilloo Cyrus Aga |
|
243750 |
|
Khursheed Cyrus Aga and Cyrus Hoshang Aga and Pilloo Cyrus Aga |
|
243750 |
|
Darius Cyrus Aga and Cyrus Hoshang Aga and Pilloo Cyrus Aga |
|
243750 |
|
Aga Holdings and Agencies Private Limited, India |
|
138000 |
|
Edil Jal Katrak and Maharukh Edil Katrak |
|
69000 |
|
Edil Jal Katrak |
|
15000 |
|
Maharukh Edil Katrak and Edil Jal Katrak |
|
18000 |
|
Pilloo Cyrus Aga and Cyrus Hoshang Aga and Urvaksh Cyrus
Aga |
|
10000 |
|
Pilloo Cyrus Aga and Cyrus Hoshang Aga and Khursheed Cyrus
Aga |
|
20000 |
|
Pilloo Cyrus Aga and Cyrus Hoshang Aga and Darius Cyrus
Aga |
|
30000 |
|
Urvaksh Cyrus Aga and Cyrus Hoshang Aga and Pilloo Cyrus
Aga |
|
85300 |
|
Khursheed Cyrus Aga and Cyrus Hoshang Aga and Pilloo Cyrus
Aga |
|
54100 |
|
Darius Cyrus Aga and Cyrus Hoshang Aga and Pilloo Cyrus
Aga |
|
85300 |
|
|
|
|
|
Total |
|
2250000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
6.13 |
|
Directors
or relatives of directors |
93.87 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of door seal, window channel, fitted, weather-strips. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/60/90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/60/90 days) |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
15 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· The Zoroastrian Cooperative Bank Limited Nirlon House, 5th Floor, Dr. Annie Besant Road, Worli,
Mumbai – 400030, Maharashtra, India · Bank of India Ghatkopar (East) Branch, Mumbai, Maharashtra, India · State Bank of India Mumbai, Maharashtra, India |
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
D. M. Chitnis Chartered Accountants |
|
Address : |
Asha Raghavji Road, Gowalia Tank, Mumbai – 400036, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABPC5813G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiary Company : |
Vanseti Investments and Holdings Private Limited
[U67120MH1994PTC076111] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 22.500 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 |
22.500 |
22.500 |
22.500 |
|
(b) Reserves & Surplus |
142.390 |
126.244 |
108.107 |
|
(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) |
164.890 |
148.744 |
130.607 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
19.684 |
3.739 |
27.096 |
|
(b) Deferred tax liabilities (Net) |
0.145 |
0.250 |
0.349 |
|
(c)
Other long term liabilities |
6.616 |
4.645 |
4.641 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
26.445 |
8.634 |
32.086 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
59.666 |
33.861 |
24.031 |
|
(c)
Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Short-term provisions |
8.031 |
7.971 |
8.425 |
|
Total
Current Liabilities (4) |
67.697 |
41.832 |
32.456 |
|
|
|
|
|
|
TOTAL |
259.032 |
199.210 |
195.149 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
37.299 |
40.180 |
39.408 |
|
(ii)
Intangible Assets |
0.053 |
0.070 |
0.094 |
|
(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 |
64.834 |
19.562 |
19.662 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
72.857 |
42.977 |
31.943 |
|
Total
Non-Current Assets |
175.043 |
102.789 |
91.107 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
32.168 |
35.132 |
20.380 |
|
(c)
Trade receivables |
17.337 |
33.195 |
54.197 |
|
(d)
Cash and cash equivalents |
19.920 |
14.788 |
16.443 |
|
(e)
Short-term loans and advances |
1.056 |
0.223 |
0.000 |
|
(f)
Other current assets |
13.508 |
13.083 |
13.022 |
|
Total
Current Assets |
83.989 |
96.421 |
104.042 |
|
|
|
|
|
|
TOTAL |
259.032 |
199.210 |
195.149 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
|
368.473 |
340.817 |
|
|
|
Other Income |
|
13.347 |
11.875 |
|
|
|
TOTAL (A) |
424.603 |
381.820 |
352.692 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
297.658 |
265.694 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
0.335 |
(0.610) |
|
|
|
Employees benefits expense |
|
20.688 |
19.027 |
|
|
|
Other expenses |
|
28.287 |
31.419 |
|
|
|
TOTAL (B) |
401.663 |
346.968 |
315.530 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(Including
Financial and Depreciation Expenses) |
34.852 |
37.162 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
4.294 |
3.113 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
30.558 |
34.049 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
4.518 |
4.651 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
22.940 |
26.040 |
29.398 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.795 |
7.903 |
9.603 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
16.145 |
18.137 |
19.795 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.18 |
8.06 |
8.80 |
|
Expected Sales (2014-15): Rs. 500.000 Million
The above information has been parted by Mr. Raghunath (Accounts
Department)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
NA
|
4.92 |
5.81 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA
|
9.46 |
10.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.81 |
14.50 |
16.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.18 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.12 |
0.03 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
2.30 |
3.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
22.500 |
22.500 |
22.500 |
|
Reserves & Surplus |
108.107 |
126.244 |
142.390 |
|
Net
worth |
130.607 |
148.744 |
164.890 |
|
|
|
|
|
|
Long-term borrowings |
27.096 |
3.739 |
19.684 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
27.096 |
3.739 |
19.684 |
|
Debt/Equity ratio |
0.207 |
0.025 |
0.119 |
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) |
|
Total Income |
352.692 |
381.820 |
424.603 |
|
|
|
8.259 |
11.205 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
352.692 |
381.820 |
424.603 |
|
Profit |
19.795 |
18.137 |
16.145 |
|
|
5.61% |
4.75% |
3.80% |
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 |
Yes |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---- |
|
33 |
Market information |
---- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10368422 |
12/06/2012 |
39,000,000.00 |
THE ZOROASTRAIN
CO-OPERATIVE BANK LIMITED |
NIRLON HOUSE, 5TH FLOOR,
DR. ANNIE BESANT ROAD, |
B44855088 |
|
2 |
90234254 |
27/09/2001 * |
10,000,000.00 |
BANK OF INDIA |
GHATKOPAR (W)
BRANCH, MUMBAI, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors |
14.115 |
2.307 |
|
From Shareholders and Corporate bodies |
5.569 |
1.432 |
|
|
|
|
|
Total |
19.684 |
3.739 |
PROGRESS OF THE
COMPANY
During the year, Company has reported Sales of Rs. 387.123 Million
comparison to Rs. 344.824 Million of previous year and the Profit during the
year of Rs. 16.145 Million in comparison to Rs. 18.137 Million of previous
year.
The Board is making extra efforts to enhance sales in the current year
whilst minimizing the operating cost, to enhance profitability.
FIXED ASSETS:
· Buildings
· Plant and Machinery
· Weighing Scale
· Vehicles
· Tools Equipments
· Electrical Equipment
· Air Conditioner
· Office Equipment
· Furniture
· 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, 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. 63.40 |
|
UK Pound |
1 |
Rs. 98.94 |
|
Euro |
1 |
Rs. 70.33 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.