MIRA INFORM REPORT

 

 

Report No. :

331824

Report Date :

15.07.2015

 

IDENTIFICATION DETAILS

 

Name :

PRADMAN ENGINEERING SERVICES PRIVATE LIMITED

 

 

Formerly Known As :

PRIMETECH ENGINEERS (INDIA) PRIVATE LIMITED

 

 

Registered Office :

3/1 and 1A, Pushpa Vihar, Opposite Colaba Post Office, Colaba, Mumbai-400005, Maharashtra

Tel. No.:

91-22-22150496

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

28.12.1993

 

 

Com. Reg. No.:

11-075818

 

 

Capital Investment / Paid-up Capital :

Rs. 0.433 Million

 

 

CIN No.:

[Company Identification No.]

U27100MH1993PTC075818

 

 

IEC No.:

0394002814

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MUMP16043G

 

 

PAN No.:

[Permanent Account No.]

AAACP2803P

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Fabricators and Designer of Engineering Items.

 

 

No. of Employees :

50 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (30)

 

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

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated during the year 1993 having a moderate track record.

 

Profits of the company has continuously declined over years.

 

Further the rating also takes into consideration unfavorable gap between trade payable and trade receivable.

 

However, trade relations are reported as fair. Business is active. Payments 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

 

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. Deepak

Designation :

Vice President Finance

Contact No.:

91-9702701742

Date :

14.07.2015

 

 

 

LOCATIONS

 

Registered Office :

3/1 and 1A, Pushpa Vihar, Opposite Colaba Post Office, Colaba, Mumbai-400005, Maharashtra, India

Tel. No.:

91-22-22150496

Mobile No.:

91-9702701742 (Mr. Deepak)

Fax No.:

91-22-22187628

E-Mail :

dhurid@pradmanservices.com

Website :

http://pradmanservices.com

Location :

Owned

Locality :

Commercial

 

 

Factory:

A 490/ Road U/ Opposite DGP Windsor, Wagle Industrial Estate, Thane (West) – 400 604, Maharashtra, India

Tel. No.:

91-22-25837163/ 25806179-80/ 25806119

Fax No.:

91-22-25806157

 

 

Sales Office:

C 3/ 10, Tata Steel Officers Enclave Phase 1, Sector Beta - 1, Greater Noida – 201 308, Uttar Pradesh, India 

Tel. No.:

91-120-2322960

 

 

Head Office:

1A, Pushpa Vihar, Opposite Colaba Post Office, Colaba, Mumbai-400005 Maharashtra, India

Tel. No.:

91-22-22150496/ 22151225

Mobile No.:

91-22-22187628

 

 

DIRECTORS

 

AS ON 10.09.2014

 

Name :

Mr. Pradip Hiranand Bhatia

Designation :

Director

Address :

9, Amrita Blog, L D  Ruparel Marg, Malabar Hill, Mumbai-400006, Maharashtra, India

Date of Appointment :

28.12.1993

DIN No.:

00985140

 

 

Name :

Mr. Nikhil Pradip Bhatia

Designation :

Director

Address :

3, Amrita Building, III Floor, L.D Ruparel Marg, Mumbai-400006, Maharashtra, India

Date of Appointment :

28.12.1993

DIN No.:

01667405

 

 

Name :

Ms. Rittu Nikhil Bhatia

Designation :

Director

Address :

2/12, Pushpa Vihar, Opposite Colaba Post Office, Colaba-400005, Maharashtra, India

Date of Appointment :

28.12.1993

DIN No.:

01667646

 

 

KEY EXECUTIVES

 

Name :

Mr. Deepak

Designation :

Vice President Finance

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 10.09.2014

 

Names of Shareholders

No. of Shares

 

Percentage of Holding

Pradman Engineering Private Limited, India

43233

99.77

Pradip Hiranand Bhatia

100

0.23

Total

43333

100.00

 

 

 

AS ON 10.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Bodies corporate

99.77

Directors or relatives of directors

0.23

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Fabricators and Designer of Engineering Items.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Spare Parts of Steel Rolling Mill

Countries :

·         Germany

·         USA

 

 

Imports :

 

Products :

Spare Parts

Countries :

·         Germany

·         Italy

 

 

Terms :

 

Selling :

Cash, Cheque and Credit (60 days and 90 days)

 

 

Purchasing :

Cash, Cheque and Credit (60 days and 90 days)

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Company Name:

SMS  Meer (Germany)

Name of the Person (Designation):

Not Divulged

Contact Number:

91-657-2431142

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

The number is continuously ringing

 

 

Customers :

Wholesalers, Retailers and end Users

 

Company Name:

Tata Steel Limited (Jamshedpur)

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :

Bank Name:

Axis Bank Limited

Branch:

Corporate Banking Branch, Ground Floor, Axis House Bombay, Dyeing Mills Mills, Compound, P.B Marg , Worli, Mumbai-400025, Maharashtra,  India

Person Name (with Designation):

Not Divulged

Contact Number:

91-22-24252525

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         Citi Bank N. A.

Trent House, 2nd Floor, G Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loans

 

 

From Banks

0.188

0.331

From Finance Company

0.188

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Loan from banks repayable on demand

29.201

27.829

Total

29.577

28.160

 

LONG-TERM BORROWINGS

 

(a) Two Term Loans from Bank are secured against hypothecation of vehicles and carry interest rate of 10.86% pa and 13.50% pa. These loan are repayble in 60 equal monthly installment (EMI) of Rs. 0.008 Million and Rs. 0.007 Million each repesctively out of which 25 and 27 EMIs are outstanding.

 

(b) Term Loan from one Finance Company is secured against hypothecation of vehicle and carry interest rate of 9.99% pa. This loans is repayble in 35 equal monthly installment (EMI) of Rs.18,144/- each out of which 23 EMIs are outstanding .

 

SHORT TERM BORROWINGS

 

Secured loan from bank payable on demand is in the form of overdraft facility secured against first charges on book debts and stocks, pledge of Fixed Deposit, personal guarantee of a director and corporate guarantee of the Holding Company.

 

Banking Relations :

--

 

 

Auditors :

 

Name :

CNK and Associates LLP

Chartered Accountants

Address :

Jash Chambers 3rd Floor, 7A Sir P.M. Road, Fort, Mumbai-400001, Maharashtra, India

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

AACFC8587E

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Holding Company:

Pradman Engineering Private Limited, India

 

 

Companies in which the directors and relatives of directors have substantial interest (i.e. more than 20% in voting power directly or indirectly):

·         Erie Trading and Investment Company Private Limited

·         Mikitosh Trading and Investment Company Private Limited

·         Mystic Travels Private Limited

·         Pacific Engineering Company Private Limited

·         Precision Woollen Mills Private Limited

·         Pradman Trading Company Private Limited

·         Primegage India Private Limited

·         Prasanna Properties Private Limited

·         BBM Heavy Machinery Private Limited

 

 

Associates:

Prism Fluid LLP

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

50000

Equity Shares

Rs. 10/- each

Rs. 0.500 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

43333

Equity Shares

Rs. 10/- each

Rs. 0.433 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

0.433

0.433

0.433

(b) Reserves & Surplus

19.381

19.149

17.922

(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)

19.814

19.582

18.355

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.376

0.331

0.841

(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)

0.376

0.331

0.841

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

29.201

29.992

21.396

(b) Trade payables

117.557

62.128

41.296

(c) Other current liabilities

9.099

7.561

10.857

(d) Short-term provisions

0.568

1.096

0.733

Total Current Liabilities (4)

156.425

100.777

74.282

 

 

 

 

TOTAL

176.615

120.690

93.478

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

11.958

11.977

8.089

(ii) Intangible Assets

0.482

0.229

0.381

(iii) Capital work-in-progress

0.000

0.000

3.513

(iv) Intangible assets under development

0.000

0.689

0.429

(b) Non-current Investments

0.000

0.000

0.000

(c) Deferred tax assets (net)

0.429

0.331

0.278

(d)  Long-term Loan and Advances

2.904

3.182

2.790

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

15.773

16.408

15.480

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

49.274

19.296

19.905

(c) Trade receivables

77.959

51.866

42.809

(d) Cash and cash equivalents

4.288

7.054

5.727

(e) Short-term loans and advances

10.897

6.876

9.536

(f) Other current assets

18.424

19.190

0.021

Total Current Assets

160.842

104.282

77.998

 

 

 

 

TOTAL

176.615

120.690

93.478

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

239.161

178.885

157.600

 

 

Other Income

0.593

2.315

0.200

 

 

TOTAL                                     (A)

239.754

181.200

157.800

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

53.465

33.508

71.400

 

 

Purchases of Stock-in-Trade

117.751

66.825

0.000

 

 

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

(29.093)

(0.377)

0.000

 

 

Manufacturing Expenses

25.506

20.635

0.000

 

 

Employees benefits expense

35.884

31.472

0.000

 

 

Other expenses

29.262

21.883

52.800

 

 

Employees Remuneration and Benefits

0.000

0.000

28.000

 

 

TOTAL                                     (B)

232.775

173.946

124.200

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

6.979

7.254

33.600

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

3.478

3.367

1.400

 

 

 

 

 

 

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

3.501

3.887

32.200

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

3.152

2.579

0.900

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

0.349

1.308

31.300

 

 

 

 

 

Less

TAX                                                                  (H)

0.117

0.080

28.200

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

0.232

1.228

3.100

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export of goods on FOB basis

29.924

16.457

9.880

 

 

Export of goods on CIF basis

2.190

0.000

0.000

 

 

International Trading

0.000

0.253

0.000

 

 

Engineering Services

12.098

14.761

12.928

 

 

Commission Income

7.340

0.000

4.433

 

 

Professional Income

0.729

0.000

2.189

 

 

Reimbursement of Exhibition Expenses

1.105

1.396

0.000

 

TOTAL EARNINGS

53.386

32.867

29.470

 

 

 

 

 

 

IMPORTS

 

 

 

 

 

Components spare parts and traded Goods

83.463

44.828

1.889

 

 

Capital Goods

0.000

0.000

2.532

 

TOTAL IMPORTS

83.463

44.828

4.421

 

 

 

 

 

 

Earnings Per Share (Rs.)

5.36

28.33

52.94

 

 

PARTICULARS

 

 

31.03.2016

31.03.2015

Sales Turnover (Approximately)

 

420.000

320.000

 

 

 

 

 

The above information has been parted by Mr. Deepak (V P Finance)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

0.331

0.126

0.112

 

 

 

 

Cash Generated from Operations

NA

NA

NA

 

 

 

 

Net Cash Flow from used in Operations

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.10

0.69

1.97

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

2.92

4.06

21.32

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.20

1.09

35.07

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.02

0.07

1.71

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

1.51

1.55

1.22

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.03

1.03

1.05

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

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

0.433

0.433

0.433

Reserves & Surplus

17.922

19.149

19.381

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

18.355

19.582

19.814

 

 

 

 

Long-term borrowings

0.841

0.331

0.376

Short term borrowings

21.396

29.992

29.201

CURRENT MATURITIES OF LONG-TERM DEBTS

0.112

0.126

0.331

Total borrowings

22.349

30.449

29.908

Debt/Equity ratio

1.218

1.555

1.509

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

157.600

178.885

239.161

 

 

13.506

33.695

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

157.600

178.885

239.161

Profit

3.100

1.228

0.232

 

1.97%

0.69%

0.10%

 

 


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

No

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

10415789

23/03/2013

50,000,000.00

AXIS BANK LIMITED

CORPORATE BANKING BRANCH,GR.FL,AXIS HOUSE BOMBAY,
DYEING MILLS MILLS,COMPOUND, P.B MARG ,WORLI, MUMBAI-400025, MAHARASHTRA, INDIA

B72010689

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

Loan from Holding Company repayable on demand

0.000

2.163

 

 

 

Total

0.000

2.163

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the company has been shifted from 2/12, Pushpa Vihar, Opposite Colabapost Office Colaba, Mumbai-400005, Maharashtra, India to the present address w.e.f 01.01.2009

 

 

BUSINESS OPERTIONS

 

The year 2013-14 witnessed an upward trend of about (33.70%) in the revenue from operation at Rs. 239.161 Million (previous year Rs. 178.885 Million). The Net Profit/ (Loss) (PBIT) is Rs. 0.349 Million as compared to Rs. 1.308 Million in the previous year.

 

BACKGROUND AND PRINCIPAL ACTIVITIES

 

The company was incorporated on 28th December, 1993 as a private limited company under the Companies Act, 1956.

 

The company is engaged in the business of Manufacturing and Trading of Engineering Goods, and rendering of Engineering Services. The company provides supports services like installation and commissioning, after sales supports, customer maintenance contracts, warehousing and spare parts supplies.

 

FIXED ASSETS:

 

Tangible Assets

 

·         Plant and Machinery

·         Furniture

·         Office Equipments

·         Computers

·         Electrical Installation

·         Motor Car

 

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. 63.50

UK Pound

1

Rs. 98.20

Euro

1

Rs. 69.73

 

 

INFORMATION DETAILS

 

Information Gathered by :

MAN

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

IND

 

 

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

--PROFITABILIRY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

5

--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

 

30

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

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

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