MIRA INFORM REPORT
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Report No. : |
331618 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
CARD PRO SOLUTIONS PRIVATE LIMITED (w.e.f. 26.07.2010) |
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|
|
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Formerly Known
As : |
KAMAL OFFSET PRIVATE LIMITED |
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Registered Office
: |
Unit No.135, 1st Floor, A to Z Industrial Estate, G.K.
Marg, Lower Parel (West), Mumbai – 400013, Maharashtra |
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Tel. No.: |
91-22-43482222 / 40295111/40041436 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
29.09.1988 |
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Com. Reg. No.: |
11-049003 |
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Capital
Investment / Paid-up Capital : |
Rs. Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U22219MH1988PTC049003 |
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|
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IEC No.: |
0309067197 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCK6177H |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Importer and Exporter
of Card Products, PVC Cards, Plastic Cards, Magnetic Cards, Magnetic Strip
Cards, Scratch Cards, Telephone Cards, Gift Cards, Loyalty Cards, etc. |
|
|
|
|
No. of Employees
: |
21 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in 1988 by Mr. Vikas Choudhsry and Mr. Kishin
Gidwani. It is an established company having a moderate track record. Reserves and Profitability of the company seems to be low during 2014. However, trade relations are fair. Business is active. Payment terms
are reported to be slow 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 |
CARE |
|
Rating |
Long Term Bank Facilities = BB- |
|
Rating Explanation |
Have inadequate credit quality and carry high credit risk |
|
Date |
18.05.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4 |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
18.05.2015 |
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 PARTED BY
|
Name : |
Ms. Archana Kasbekar |
|
Designation : |
Account Officer |
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Contact No.: |
91-22-40041436 |
|
Date : |
10.07.2015 |
LOCATIONS
|
Registered Office : |
Unit No.135, 1st Floor, A to Z Industrial Estate, G.K.
Marg, Lower Parel (West), Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-43482222 / 40295111/40041436 |
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Mobile No.: |
91-98200098773 (Mr. Vikas Chaudhary) |
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Fax No.: |
91-22-43482223 / 40295112 |
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E-Mail : |
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Website : |
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Area : |
1000 Sq. ft. |
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Location : |
Owned |
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Locality : |
Commercial |
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|
|
|
Factory : |
EL – 171, TTC Industrial Area, MIDC, Mahape, NaviMumbai – 400710,
Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Kishin Nanikram Gidwani |
|
Designation : |
Director |
|
Address : |
D45/22, Venus Apartment, |
|
Date of Birth/Age : |
22.04.1942 |
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Qualification : |
B.A.L.L.B. |
|
Experience : |
30 Years |
|
Date of Appointment : |
29.09.1988 |
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DIN or Income-tax PAN : |
00294216 |
|
|
|
|
Name : |
Mrs. Kajal Vikash Chaudhary |
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Designation : |
Director |
|
Address : |
D45/22, Venus Apartment, |
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Date of Birth/Age : |
30.06.1973 |
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Qualification : |
B.A. |
|
Experience : |
10 Years |
|
Date of Appointment : |
01.08.2006 |
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DIN or Income-tax PAN : |
00294425 |
|
|
|
|
Name : |
Mr. Vikas Chaudhary |
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Designation : |
Additional Director |
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Address : |
D/27, Venus Apartment, Block No.45, Dr. R.G. Thadani Marg, Worli Sea
Face, Worli, Mumbai – 400018, Maharashtra, India |
|
Date of Birth/Age : |
12.08.1972 |
|
Qualification : |
B.Com. |
|
Experience : |
15 Years |
|
Date of Appointment : |
01.01.2010 |
KEY EXECUTIVES
|
Name : |
Ms. Archana Kasbekar |
|
Designation : |
Account Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Kishin NAnikram Gidwani |
495000 |
49.50 |
|
Kajal Vikas Choudhary |
5000 |
0.50 |
|
Vikas B Choudhary |
500000 |
50.00 |
|
|
|
|
|
Total |
1000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and
Exporter of Card Products, PVC Cards, Plastic Cards, Magnetic Cards, Magnetic
Strip Cards, Scratch Cards, Telephone Cards, Gift Cards, Loyalty Cards, etc. |
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|
Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C / Cash / Credit |
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Purchasing : |
L/C / Cash / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
21 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
SKPAG & CO. Chartered Accountants |
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Address : |
12, Ashwini CHS, Near Nakwa High School, Thane (East) – 400603,
Maharashtra, India |
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Tel. No.: |
91-22-40041436 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ACGFS3477F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000
Million |
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|
|
|
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 |
10.000 |
9.900 |
9.900 |
|
(b) Reserves & Surplus |
6.402 |
5.511 |
3.538 |
|
(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) |
16.402 |
15.411 |
13.438 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
24.142 |
28.488 |
21.614 |
|
(b) Deferred tax liabilities
(Net) |
1.625 |
0.733 |
2.132 |
|
(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) |
25.767 |
29.221 |
23.746 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
33.223 |
28.619 |
16.321 |
|
(b) Trade payables |
27.644 |
17.488 |
11.367 |
|
(c) Other current liabilities |
2.585 |
2.851 |
13.355 |
|
(d) Short-term provisions |
0.378 |
0.572 |
0.020 |
|
Total
Current Liabilities (4) |
63.830 |
49.530 |
41.063 |
|
|
|
|
|
|
TOTAL |
105.999 |
94.162 |
78.247 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
|
|
|
(ii) Intangible Assets |
39.002 |
39.666 |
38.473 |
|
(iii) Capital work-in-progress |
5.431 |
5.431 |
0.000 |
|
(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 |
2.762 |
3.204 |
2.081 |
|
(e) Other Non-current assets |
0.551 |
0.540 |
0.000 |
|
Total
Non-Current Assets |
47.746 |
48.841 |
40.554 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
9.743 |
9.787 |
9.354 |
|
(c) Trade receivables |
39.771 |
27.493 |
17.928 |
|
(d) Cash and cash equivalents |
5.674 |
5.783 |
7.376 |
|
(e) Short-term loans and
advances |
3.065 |
2.258 |
3.035 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
58.253 |
45.321 |
37.693 |
|
|
|
|
|
|
TOTAL |
105.999 |
94.162 |
78.247 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
146.358 |
123.262 |
107.209 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
143.636 |
122.548 |
104.272 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2.722 |
0.714 |
2.937 |
|
|
|
|
|
|
|
Less |
TAX |
1.831 |
(1.260) |
1.017 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.891 |
1.974 |
1.920 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.512 |
3.538 |
1.618 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
6.403 |
5.512 |
3.538 |
|
|
|
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|
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|
|
EARNINGS
IN FOREIGN CURRENCY |
3.196 |
2.797 |
2.549 |
|
|
|
|
|
|
|
|
CIF
VALUE OF IMPORTS |
7.924 |
2.451 |
0.903 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.89 |
1.99 |
1.94 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
170.000 |
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 / Total Income) |
(%) |
0.61 |
1.60 |
1.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.71 |
0.80 |
3.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.05 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.50 |
3.71 |
2.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
0.92 |
0.92 |
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 |
9.900 |
9.900 |
10.000 |
|
Reserves & Surplus |
3.538 |
5.511 |
6.402 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
13.438 |
15.411 |
16.402 |
|
|
|
|
|
|
long-term borrowings |
21.614 |
28.488 |
24.142 |
|
Short term borrowings |
16.321 |
28.619 |
33.223 |
|
Total
borrowings |
37.935 |
57.107 |
57.365 |
|
Debt/Equity
ratio |
2.823 |
3.706 |
3.497 |
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 |
107.209 |
123.262 |
146.358 |
|
|
|
14.974 |
18.737 |
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 |
107.209 |
123.262 |
146.358 |
|
Profit |
1.920 |
1.974 |
0.891 |
|
|
1.79% |
1.60% |
0.61% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
From Bank/NBFC |
2.852 |
2.443 |
|
Less : current maturities of long term debt |
(1.667) |
(1.135) |
|
From Related Parties |
8.086 |
6.066 |
|
SHORT TERM BORROWING |
|
|
|
From Banks |
8.631 |
8.767 |
|
From Bank/NBFC |
1.667 |
1.135 |
|
|
|
|
|
Total |
19.569 |
17.276 |
OPERATING RESULTS
AND PROFIT
The company recorded sales of Rs. 146.358 Million against Rs. 123.262 Million
in the previous year registering a phenomal growth. The company in turnover is
in general exceeding the printing Industry standards which could be achieved
only due to imitative and new products, Profits stood at Rs. 27.21 Million
against Rs. 0.714 Million for the previous year
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U22219MH1988PTC049003 |
|
Name of the
company |
Card Pro
Solutions Private Limited |
|
Address of the registered
office or of the principal place of
business in |
Unit No.135, 1st Floor, A to Z Industrial Estate, G.K.
Marg, Lower Parel (West), Mumbai – 400013, Maharashtra |
|
This form is for |
Modification
of Charge |
|
Charge identification
(ID) number of the charge to be modified |
10316381 |
|
Type of charge |
Book debts Movable Property Floating Charge |
|
Particular of
charge holder |
Dena Bank Address: Worli Branch,
Tulsi Vihar, Dr. A. B. Road, Mumbai – 400018, Maharashtra, India E-mail ID: worli@denabank.co.in
|
|
Nature of
instrument creating charge |
Unattested
Memorandum of modification of Hypothecation Agreement from Companies. |
|
Date of
instrument Creating the charge |
04/12/2013 |
|
Amount secured by
the charge |
Rs. 10476.500
Million |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
a) Rate of Interest – CC - Base Rate + 2.75%
- 0.25% = 12.75% (Floating) TL - Base Rate + 2.75% - 0.25%
+ 0.50% TP = 13.25% b) Terms of Repayment – CC Limits are subject
to review from time to time and are repayable on demand. TL I, II, III, IV & V are repayable in 36 monthly installments. TL VI are repayable in 48 monthly installments. TL VII & Fresh Term Loan are repayable in 60 monthly installment c) Margin – CC : Stocks - 25% Book Debts upto 90 Days - 25% Book Debts beyond 90 Days & upto 180 Days - 30% LC : DP - 10% DA - 20% (10% at the time of opening,10% at the time of acceptance) BG : Performance - 5% Financial - 10% or such other rate as may be determined by Bank from time to time. d) Extent and operation of the charge – The
charge is to operate as a security for the due repayment total Credit Limit
of Rs. 1047.65 Crores availed or to be availed by the Company from time to
time, together with interests, costs, charges, commissions, expenses, fees,
penalty and all other sums / dues payable by the Company to Bank in terms of
revision / enhancement of the said limits. e) Others – All other terms and conditions
are as per the sanction letter and loan documents executed by the Company
with the Bank from time to time. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
I.
GOODS
including stocks of raw materials, goods in process and finished goods such
as Plastic Cards, Smart Cards, Recharge Vouchers, etc.
II.
MOVABLE
AND OTHER ASSETS including all the tangible, movable properties and assets of
the Borrower of whatsoever nature including Plant & Machinery (purchased
from the term loans of Dena Bank).
III.
BOOK
DEBTS including all the present and future Book debts, outstanding, moneys,
receivables, claims bills, rights, to or in movable properties and movable
assets. |
|
Particulars of
the present modification |
By this
Modification, total Credit Limits are revised and enhanced to Rs. 1047.65
Lacs consisting of CC - Rs. 250 Lacs, TL I - Rs. 13.21 Lacs, TL II - Rs.
22.69 Lacs, TL III - Rs. 15.13 Lacs, TL IV - Rs. 68.06 Lacs, TL V - Rs. 40.26
Lacs, TL VI - Rs. 58.30 Lacs, TL VII - Rs. 50 Lacs, Fresh TL - Rs. 300 Lacs,
LC - Rs. 150 Lacs, BG - Rs. 80 Lacs against the continuation of Hypo. of
Stocks, Book Debts, Plant & Machinery & other movable assets of the
Company. |
FIXED ASSETS:
- Air Conditioners
- Computers
- Electrical Installations
- Fax machine
- Furniture and Fixtures
- Music System
- Office Equipments
- Scanner
- Stabilizer
- Tape Recorder
- Television
- Water purifier
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. 63.37 |
|
|
1 |
Rs. 97.65 |
|
Euro |
1 |
Rs. 51.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.