MIRA INFORM REPORT
|
Report No. : |
331030 |
|
Report Date : |
08.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMOD STAMPINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gujarat Spun Pipe Compound, At and PO Samiala, Padra Road, Baroda - 391410,
Gujarat |
|
Tel No.: |
91-265-3923200 / 23923211 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
03.04.1995 |
|
|
|
|
Com. Reg. No.: |
04-025300 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.23.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1995PTC025300 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDA01263D |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Transformers. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 is constrained on account of continuous dip in the turnover
and profit of the company. However, trade relations are reported a 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.
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 |
ICRA |
|
Rating |
Fund Based = B (Suspended) |
|
Rating Explanation |
High risk of default |
|
Date |
January 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based = A4 (Suspended) |
|
Rating Explanation |
Minimal degree of safety and carry very high
credit risk. |
|
Date |
January 2015 |
Reason for suspended: Inability to carry out rating in the absence of
requisite information from the company
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 DENIED
|
Name : |
Mr. Pravin |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-265-3923200 |
LOCATIONS
|
Registered Office : |
Gujarat Spun Pipe Compound, At and PO Samiala, Padra Road, Baroda -
391410, Gujarat, India |
|
Tel. No.: |
91-265-3923200 / 23923211 91-2662-222769 |
|
Mobile No.: |
91-9879345099 (Mr. Pravin Patel) |
|
Fax No.: |
91-265-3923226 91-2662-223585 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Opposite Pramukh Oxygen Company, Near Bhenslore Distllery, Daman -
Kunta Road, Daman – 396210, Gujarat, India
|
|
|
|
|
Factory 2 : |
R.S. No. 9/3, Karasur Village, Vazdavur S.O., Behind L and T,
Pondicherry - 405502, India |
DIRECTORS
As on 04.08.2014
|
Name : |
Mr. Krupeshbhai Narharbhai Patel |
|
Designation : |
Whole Time Director |
|
Address : |
15, Parishram Society, Subhanpura, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
17.10.1954 |
|
Date of Appointment : |
03.04.1995 |
|
DIN No.: |
00213143 |
|
|
|
|
Name : |
Mr. Navinbhai Natubhai Patel |
|
Designation : |
Whole Time Director |
|
Address : |
23, Rokadnath Society, Race Cource Circle, Vadodara - 390007, Gujarat,
India |
|
Date of Birth/Age : |
23.06.1945 |
|
Date of Appointment : |
03.04.1995 |
|
DIN No.: |
00213094 |
|
|
|
|
Name : |
Mr. Niral Krupeshbhai Patel |
|
Designation : |
Director |
|
Address : |
15, Parishram Society, Subhanpura, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
12.02.1980 |
|
Date of Appointment : |
01.08.2008 |
|
DIN No.: |
00213356 |
|
|
|
|
Name : |
Mr. Tanmay Surendrabhai Patel |
|
Designation : |
Director |
|
Address : |
15, Parishram Society, Subhanpura, Baroda-390007, |
|
Date of Birth/Age : |
18.12.1976 |
|
Date of Appointment : |
01.08.2008 |
|
DIN No.: |
00213319 |
|
|
|
|
Name : |
Mr. Amish Krupeshbhai Patel |
|
Designation : |
Director |
|
Address : |
15, Parishram Society, Subhanpura, Baroda-390007, |
|
Date of Birth/Age : |
18.06.1982 |
|
Date of Appointment : |
01.08.2008 |
|
DIN No.: |
02234678 |
KEY EXECUTIVES
|
Name : |
Mr. Pravin Patel |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 04.08.2014
|
Names of Shareholders |
No. of Shares |
|
Krupeshbhai N Patel |
227050 |
|
Navibnbhai N Patel |
215100 |
|
Varshaben S Patel |
150000 |
|
Lalitaben N Patel |
215100 |
|
Smitaben K Patel |
227050 |
|
Sudhaben N Patel |
167300 |
|
Niral K Patel |
227050 |
|
Amish K Patel |
227050 |
|
Tanmay S Patel |
232400 |
|
Monali N Patel |
167300 |
|
Lipi D Patel |
167300 |
|
Niti N Patel |
167300 |
|
|
|
|
Total |
2390000 |
As on 04.08.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Transformers. |
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|
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|
Products : |
Not Available |
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|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
|
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Terms : |
Not Divulged |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||
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Bankers : |
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Auditors : |
|
|
Name : |
K.C Mehta and Company Chartered Accountants |
|
Address : |
2nd Floor, Meghdhanush, Race Course, Vadodara - 390007,
Gujarat, India |
|
Tel. No. : |
91-265-2341626 / 3086400 |
|
Fax No. : |
91-265-3086444 / 455 / 466 |
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E-Mail : |
|
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PAN
No. : |
AABFK1558J |
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|
|
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Memberships : |
-- |
|
|
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Collaborators : |
-- |
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|
|
Associates : (31.03.2013) |
v Auro Stampings
Private limited v Atlanta
Electricals private Limited v Heritage
infrastructure Private Limited v Alpha
Engineering Company v Neptune Realty
Private Limited v Neptune
Intraspace Private Limited v Venus
laminations private Limited v Transcore v Jupiter
Electricals v Super
Electricals v Amod Steel
Processors v Neptune Erectors
Private Limited v Atlanta UHV
Transformers LLP (w.e.f. 2nd December 2011) |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2390000 |
Equity Shares |
Rs.10/- each |
Rs.23.900 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 |
23.900 |
23.900 |
23.900 |
|
(b) Reserves & Surplus |
316.126 |
311.022 |
305.509 |
|
(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) |
340.026 |
334.922 |
329.409 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
215.162 |
10.370 |
183.237 |
|
(b) Deferred tax liabilities (Net) |
7.390 |
6.679 |
7.462 |
|
(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) |
222.552 |
17.049 |
190.699 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
222.103 |
533.488 |
623.998 |
|
(b) Trade
payables |
146.508 |
106.886 |
100.615 |
|
(c) Other
current liabilities |
26.963 |
73.743 |
101.068 |
|
(d) Short-term
provisions |
0.562 |
0.203 |
10.633 |
|
Total Current
Liabilities (4) |
396.136 |
714.320 |
836.314 |
|
|
|
|
|
|
TOTAL |
958.714 |
1066.291 |
1356.422 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
153.382 |
175.302 |
169.969 |
|
(ii)
Intangible Assets |
0.263 |
0.345 |
0.439 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
13.530 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
16.104 |
22.601 |
23.919 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.054 |
1.926 |
1.844 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
172.803 |
200.174 |
209.701 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
290.930 |
192.404 |
215.968 |
|
(c) Trade
receivables |
339.541 |
341.023 |
581.584 |
|
(d) Cash
and cash equivalents |
61.320 |
62.294 |
126.458 |
|
(e)
Short-term loans and advances |
84.339 |
261.982 |
210.711 |
|
(f) Other
current assets |
9.781 |
8.414 |
12.000 |
|
Total
Current Assets |
785.911 |
866.117 |
1146.721 |
|
|
|
|
|
|
TOTAL |
958.714 |
1066.291 |
1356.422 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
477.369 |
531.733 |
855.512 |
|
|
|
Other Income |
38.486 |
86.256 |
47.344 |
|
|
|
TOTAL |
515.855 |
617.989 |
902.856 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
420.830 |
513.197 |
726.528 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
95.025 |
104.792 |
176.328 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
65.431 |
74.165 |
110.743 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.594 |
30.627 |
65.585 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
21.531 |
24.165 |
23.830 |
|
|
|
|
|
|
|
|
|
Less |
PRIOR PERIOD ITEMS |
0.650 |
0.002 |
0.873 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
8.713 |
6.460 |
40.882 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.608 |
0.948 |
29.207 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
5.105 |
5.512 |
11.675 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.14 |
2.31 |
4.88 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particular |
31.03.2014 (Rs. In Million) |
31.03.2013 (Rs. In Million) |
31.03.2012 (Rs. In Million) |
|
Current maturities of long-term debt |
NA |
63.920 |
83.506 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.07 |
1.04 |
1.36 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
19.91 |
19.71 |
20.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.92 |
0.62 |
3.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.02 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.29 |
1.62 |
2.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.98 |
1.21 |
1.37 |
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 |
23.900 |
23.900 |
23.900 |
|
Reserves & Surplus |
305.509 |
311.022 |
316.126 |
|
Net worth |
329.409 |
334.922 |
340.026 |
|
|
|
|
|
|
long-term borrowings |
183.237 |
10.370 |
215.162 |
|
Short term borrowings |
623.998 |
533.488 |
222.103 |
|
Total borrowings |
807.235 |
543.858 |
437.265 |
|
Debt/Equity ratio |
2.451 |
1.624 |
1.286 |
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) |
|
Revenue from operations |
855.512 |
531.733 |
477.369 |
|
|
|
(37.846) |
(10.224) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from operations |
855.512 |
531.733 |
477.369 |
|
Profit |
11.675 |
5.512 |
5.105 |
|
|
1.36% |
1.04% |
1.07% |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
|
|
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 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10433882 |
21/06/2013 |
492,800,000.00 |
STATE BANK OF INDIA |
NATUBHAI CIRCLE BRANCH, NATUBHAI
CENTRE, GOTRI ROAD, VADODARA, Gujarat - 390007, INDIA |
B78302627 |
|
2 |
80023218 |
05/01/2010 * |
677,500,000.00 |
STATE BANK OF INDIA |
NATUBHAI CIRCLE BRANCH,
NATUBHAI CENTRE, GOTRI ROAD, VADODARA, Gujarat - 390007, INDIA |
A76892785 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Dies and Tools
- Electrical Installation
- Factory Equipment
- Testing Equipment
- Office Equipment
- Furniture and Fixture
- Vehicles
- Computer
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.63.58 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.70.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
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 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
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.