MIRA INFORM REPORT
|
Report No. : |
332002 |
|
Report Date : |
14.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
S R I IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
56/58, Garibdas Street, Dadajee Dackjee Building,1st Floor, Mumbai – 400003, Maharashtra |
|
Tel. No.: |
91-22-23433082/23447929 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
05.11.1997 |
|
|
|
|
Com. Reg. No.: |
11-11715 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1997PTC111715 |
|
|
|
|
IEC No.: |
0302065105 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCS3921G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter, Importer and Distributor of Synthetic Rubbers,
Natural Rubbers, Polystyrenes and chemicals |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and established company incorporated during the year
1997 having a satisfactory track record. Sales turnover of the company has declined over previous year. However, the rating takes into consideration company satisfactory net
worth position with low borrowings and favourable gap between trade payables
and trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. In view of long standing record and acceptable financial base, the
company can be considered normal 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 |
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) 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 : |
Mr. Santosh |
|
Designation : |
Senior Account Executive |
|
Contact No.: |
91-22-61219999 |
|
Date : |
13.07.2015 |
|
Name : |
Mr. Nirbhay Patel |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-61219999 |
|
Date : |
13.07.2015 |
LOCATIONS
|
Registered Office / Factory : |
56/58, |
|
Tel. No.: |
91-22-23433082/23447929 |
|
Fax No.: |
91-22-23411496 |
|
|
91-9821044959 (Mr. Ravindra) |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
560 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Administrative Office : |
101/102, Radhka Building, 1st Floor, 55 Gulmohar Road, Radhika
Juhu Scheme, Vile Parle West, Mumbai – 400049, Maharashtra, India |
|
Tel. No.: |
91-22-61219999 |
|
Fax No.: |
91-22-61219988 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2250 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Located at Bhiwandi, |
|
Tel No.: |
91-2522-274273 |
|
Fax No.: |
91-2522-274330 |
|
Area : |
80000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ravindra Sukanraj Parekh |
|
Designation : |
Director |
|
Address : |
Prachy Ground Floor, 5th Road JVPD Scheme, Vile Parle
(West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
13.08.1964 |
|
Date of Appointment : |
05.11.1997 |
|
DIN No.: |
00374612 |
|
|
|
|
Name : |
Mr. Surendra Sukanraj Parekh |
|
Designation : |
Director |
|
Address : |
Prachy Ground Floor, 5th Road JVPD Scheme, Vile Parle
(West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
08.12.1967 |
|
Date of Appointment : |
05.11.1997 |
|
DIN No.: |
00374751 |
|
|
|
|
Name : |
Mrs. Indra Sukanraj Parekh |
|
Designation : |
Director |
|
Address : |
Prachy Ground Floor, 5th Road JVPD Scheme, Vile Parle
(West), Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
07.03965 |
|
Date of Appointment : |
05.11.1967 |
|
DIN No.: |
00374796 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh |
|
Designation : |
Senior Account Executive |
|
|
|
|
Name : |
Mr. Nirbhay Patel |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Ravindra Sukanraj Parekh |
37500 |
25.00 |
|
Surendra Sukanraj Parekh |
37500 |
25.00 |
|
Indra Sukanraj Parekh |
37500 |
25.00 |
|
Kanchan Sukanraj Parekh |
37500 |
25.00 |
|
Total |
150000 |
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 : |
Trader, Exporter, Importer and Distributor of Synthetic Rubbers,
Natural Rubbers, Polystyrenes and chemicals |
|
|
|
|
Products : |
|
|
|
|
|
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 : |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Gemawat Chartered Accountant |
|
Address : |
206, Modi Chambers, 2nd Floor, French Bridge, Opera House, Mumbai –
400004, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABPG8144L |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150,000 |
Equity Shares |
Rs.10/- each |
Rs. 1.500
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 |
1.500 |
1.500 |
1.500 |
|
(b) Reserves & Surplus |
36.352 |
34.683 |
33.266 |
|
(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) |
37.852 |
36.183 |
34.766 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.604 |
0.539 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.604 |
0.539 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
9.932 |
5.825 |
0.000 |
|
(b) Trade payables |
0.851 |
0.750 |
0.000 |
|
(c) Other current liabilities |
0.000 |
0.000 |
3.479 |
|
(d) Short-term provisions |
0.801 |
0.666 |
0.661 |
|
Total
Current Liabilities (4) |
11.584 |
7.241 |
4.140 |
|
|
|
|
|
|
TOTAL |
50.040 |
43.963 |
38.906 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
2.844 |
3.179 |
3.571 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
22.435 |
4.597 |
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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
25.279 |
7.776 |
3.571 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
4.597 |
|
(b) Inventories |
0.470 |
0.000 |
0.000 |
|
(c) Trade receivables |
14.382 |
22.385 |
1.969 |
|
(d) Cash and cash equivalents |
8.430 |
3.362 |
4.370 |
|
(e) Short-term loans and
advances |
1.479 |
10.440 |
24.394 |
|
(f) Other current assets |
0.000 |
0.000 |
0.005 |
|
Total
Current Assets |
24.761 |
36.187 |
35.335 |
|
|
|
|
|
|
TOTAL |
50.040 |
43.963 |
38.906 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
0.914 |
|
|
Other Income |
|
|
NA |
|
|
TOTAL
|
306.928 |
376.425 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.783 |
2.442 |
2.182 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.335 |
0.397 |
0.121 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
2.448 |
2.045 |
2.061 |
|
|
|
|
|
|
|
Less |
TAX |
0.760 |
0.613 |
0.623 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
1.688 |
1.432 |
1.438 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT |
29.083 |
27.666 |
26.246 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Tax on Dividend |
0.019 |
0.015 |
0.018 |
|
|
Total |
0.019 |
0.015 |
0.018 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
30.752 |
29.083 |
27.666 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
11.25 |
9.54 |
9.59 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
340.000 |
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) |
(%) |
0.55 |
0.38 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.87 |
5.19 |
5.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.06 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.28 |
0.18 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.14 |
5.00 |
8.54 |
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 |
1.500 |
1.500 |
1.500 |
|
Reserves & Surplus |
33.266 |
34.683 |
36.352 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
34.766 |
36.183 |
37.852 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.539 |
0.604 |
|
Short term borrowings |
0.000 |
5.825 |
9.932 |
|
Total
borrowings |
0.000 |
6.364 |
10.536 |
|
Debt/Equity
ratio |
0.000 |
0.176 |
0.278 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
376.425 |
306.928 |
|
|
(18.462) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
376.425 |
306.928 |
|
Profit |
1.432 |
1.688 |
|
|
0.38% |
0.55% |
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 |
No |
|
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 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 |
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan and advances from related parties |
0.604 |
0.539 |
|
|
|
|
|
Total |
0.604 |
0.539 |
PERFORMANCE REVIEW
During the year total income was Rs. 306.928 Million as against Rs.
376.425 in the last year and the net profit after tax was Rs. 1.688 Million as
against Rs. 1.432 in the previous year. The directors have continued the
business activity and wish that business will pick up in coming year.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51909MH1997PTC111715 |
|
Name of the
company |
S R I IMPEX PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
56/58, |
|
This form is for |
Creation of Charge |
|
Type of charge |
Immovable property Book debts Movable property |
|
Particular of
charge holder |
Bank of India Address: Vile Parle
(East) Branch, 52, Pardhi House, Hanuman Road, Vile Parle (East), Mumbai –
400057, Maharashtra, India E-mail ID: VileParleE.MumbaiNorth@bankofindia.co.in
|
|
Nature of
instrument creating charge |
Hypothecation Cum
Loan Agreement (Plant & Machinery, Stocks and Book Debts) & 2) Equitable
Mortgage - Record of Oral Assent both dated 04/02/2013 constituting a Single
Charge. |
|
Date of
instrument Creating the charge |
04/02/2013 |
|
Amount secured by
the charge |
Rs. 10.000
Million |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
a) Rate of Interest - CC: 2.50% above Base
Rate presently 13% p.a. with monthly rests or at such other rate/s as may be
notified by the bank from time to time. b) Terms of Repayment – On Demand. c) Margin – 25% against Raw Material,
Finished Goods, Stores, Goods in Process & 30% against Book Debts
outstanding of 2 or 3 months as required by the bank from time to time. d) Extent and operation of the charge –
Security and charge hereby created shall be by way of first charge on all the
said hypothecated assets & mortgaged property for due payment as provided
in the deed of all monies including the principal sums, interest/commission
costs charges and expenses and all other monies whatsoever due owing and
payable by the Borrower to the Bank under or in respect of or in connection
with or in any wise concerning or relating to the said Credit Facilities
agreed to be granted and/or granted by the e) Others – Bank to the borrower and also for
due repayment of all present & future indebtedness and liabilities of the
borrower to the Bank of any kind in any manner whether solely or jointly
primary or collateral accrued or accruing with all relative
interest/commission, charges , costs (between advocate & client) and
expenses. f) Facilities & Limits : A)FB -1) CC
(Hypo of Stocks) Rs.75 Lakh, 2) CC(Hypo of Book Debts upto 90 days) Rs.50
Lakh, B) NFB - 3)LC(I/F)180 days Rs.50 Lakh - Total/Max Rs.100 Lakh. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
I.
a)All
tangible movable machineries & plant (present & future) situated at
Survey No.166/2 & 168/4 Rehnal Village, Bhiwandi,Thane-421302 or wherever
else, b)All tangible movable properties, assets &
II.
stocks
of whatsoever nature of the borrower (both present & future) situated at
Bhiwandi, Thane or wherever else, c) All present & future book debts,
outstanding,money receivables,claims,
III.
bills
which are now due & owing or which may any time hereafter during the
continuance of this security become due and owing to the Borrower. Details as
per Agreement Copy attached.
IV.
EM of
Immovable Property comprising land & buildings and other structures,
fixed machinery, and plant, fixture & fittings erected or installed
thereon situate at Flat No.603, A Wing,
V.
Hetali
Shivam CHS Ltd.,Railway Colony, Irla Society Road, Vile Parle(W), Mumbai -
400056, Survey No.7, CTS No.349/5, Village Vile Parle, Taluka-Andheri.
Details as per copy of Oral Assent attached. |
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.63.46 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.70.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.