MIRA INFORM REPORT

 

 

Report No. :

332249

Report Date :

17.07.2015

 

IDENTIFICATION DETAILS

 

Name :

UNI-TECH AUTOMATION PRIVATE LIMITED

 

 

Registered Office :

Plot No 7/1, S No 79/2, Near Agrawal Godown, Shivane, Pune – 411023, Maharashtra

Tel. No.:

91-20-25292392

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

31.03.2006

 

 

Com. Reg. No.:

022271

 

 

Capital Investment / Paid-up Capital :

Rs.10.000 Million

 

 

CIN No.:

[Company Identification No.]

U00359PN2006PTC022271

 

 

IEC No.:

3106004592

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AAACU8154A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

The company is engaged mainly in manufacturing of control panels and wire harnessing.

 

 

No. of Employees :

250 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (43)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

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

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track.

 

The ratings reflect, the company’s healthy business risk profile supported by its wide product portfolio and healthy operating scale backed by sound track record of company experience of its promoters.

 

The rating also reflect company’s sound financial risk profile, driven by moderate debt and networth of the company.

 

These rating strengths are partially offset by company’s working capital intensive and average scale of operations.

 

However, trade relations are fair. Business is active. Payments are reported to be slow but correct.

 

In view of decent operational base backed by sound track record as well as experienced promoters, the company can be considered for business dealings at usual trade terms and conditions.

 

NOTE :

 

23 AC Documents for the year 2014, are not been available from any source.

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

Not Available

Rating

Not Available

Rating Explanation

Not Available

Date

Not Available

 

 

RBI DEFAULTERS’ LIST STATUS

 

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

 

 

EPF (Employee Provident Fund) 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. Ketki Parakhi

Designation :

Manager

Contact No.:

91-20-25292392

Date :

15.07.2015

 

 

LOCATIONS

 

Registered Office / Factory 1:

Plot No. 7/1, S No 79/2, Near Agrawal Godown, Shivane, Pune – 411023, Maharashtra, India

Tel. No.:

91-20-25292392

Fax No.:

Not Available

E-Mail :

k.parakhi@uni-techautomation.com

sales@uni-techautomation.com

info@uni-techautomation.com

bbb@uni-techautomation.com

Website :

http://www.uni-techautomation.com

Location :

Owned [Industrial]

 

 

Factory 2 :

Gat No. 837 and 838, Palshi Road, Off Pune-Bangalore Highway, Shirwal,
Taluka Khandala, District Satara - 412801, Maharashtra, India

 

 

DIRECTORS

 

AS ON 30.09.2013

 

Name :

Bharat Baburao Bhujbal

Designation :

Director

Address :

3, Navinya, S No. 8, Plot No. 29, Tapodham Road, Behind Mazda Farm Heights, Warje, Pune – 411029, Maharashtra, India

Date of Birth/Age :

10.06.1965

Date of Appointment :

31.03.2006

DIN No.:

00547611

 

 

Name :

Archana Bharat Bhujbal

Designation :

Director

Address :

3, Navinya, S No. 8, Plot No. 29, Tapodham Road, Behind Mazda Farm Heights, Warje, Pune – 411029, Maharashtra, India

Date of Birth/Age :

13.04.1977

Date of Appointment :

31.03.2006

DIN No.:

00547654

 

 

KEY EXECUTIVES

 

Name :

Ms. Ketki Parakhi

Designation :

Manager

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2013

 

Names of Shareholders

No. of Shares

%age holding

Bharat Baburao Bhujbal

435900

43.59

Archana Bharat Bhujbal

544100

54.41

Jayashree Uday Kakade

20000

2.00

Total

1000000

100.00

 

 

AS ON 30.09.2013

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage

Directors or relatives of Directors

100.00

 

 

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

The company is engaged mainly in manufacturing of control panels and wire harnessing.

 

 

Products :

Control panels and wire harnessing.

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Finished Goods

Countries :

USA

 

 

Imports :

 

Products :

Raw Material

Countries :
  • Dubai
  • Singapore
  • China

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

PRODUCTION STATUS:  NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Wholesalers and Retailers

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

250 (Approximately)

 

 

Bankers :

Bank Name

The Saraswat Cooperative Bank Limited

Branch

C-2, Kohinoor Estate Co-Operative Housing Society, Plot No.12, Mula Road, Sangamwadi, Pune - 411003, Maharashtra, India

Person Name (With Designation)

Not Divulged

Contact Number

91-20-41422200

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Cash Credit : Rs.100.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

Secured Loan

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

Long-term Borrowings

 

 

Term loans from Bank

 

 

From The Saraswat Cooperative Bank Limited

[Secured hypothecation of Machinery, equitable mortgage of company’s immovable property viz land and building / Unit situated at Shivane, Pune and Shirwal - Satara]

[Terms of repayment: Sanctioned Amount : Rs.17.850 Million and Rs.47.500 Million and Rs.18.700 Million for machinery and furniture]

26.451

38.560

From The Saraswat Cooperative Bank Limited

[Secured hypothecation of Machinery, equitable mortgage of company’s immovable property viz land and building / Unit situated at Shivane, Pune and Shirwal - Satara]

[Terms of repayment: Sanctioned Amount: Rs.31.200 Million and Rs.17.000 Million and Rs.39.500 Million for building, Tenure 72 months with rate of Interest @14.25% p.a.]

47.911

0.000

Vehicle loans from The Saraswat Cooperative Bank Limited

[Secured by hypothecation]

[Terms of repayment: Sanctioned Amount: Rs.3.500 Million and Rs.17.000 Million,Tenure 72 months with rate of Interest @14.25% p.a. ]

0.000

0.170

 

 

 

Short-term borrowings

 

 

Loans repayable on Demand

 

 

From The Saraswat Co-Operative Bank Limited – Cash Credit Account

[Sanctioned Amount: Rs.100.000 Million]

[Secured by paid up stock and debtors]

89.114

40.806

Total

163.476

79.536

 

Auditors :

 

Name :

Marathe Padhye and Athalye

Chartered Accountants

Address :

'Om' Partments, 2b, 1264, Shukrawar Peth, Subhash Nagar, Lane 6, Pune – 411002, Maharashtra, India

Tel. No.:

91-20-24488193

E-Mail :

mpa@mpacas.com

PAN No.:

AACFM1054C

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiary company

[AS ON 31.03.2014]:

Zeal Infrastructure Private Limited [U45203PN2009PTC134355]

 

 

Other related parties :
  • Acme Developers
  • Acme Constructions
  • Acme Swayambhu
  • Acme Projects
  • Acme Landmark

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,000,000

Equity Shares

Rs.10/- each

Rs.10.000 Million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1,000,000

Equity Shares

Rs.10/- each

Rs.10.000 Million

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2013

31.03.2012

31.03.2011

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

10.000

10.000

10.000

(b) Reserves & Surplus

145.075

131.952

112.355

(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)

155.075

141.952

122.355

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

104.718

49.883

10.880

(b) Deferred tax liabilities (Net)

4.054

0.234

0.294

(c) Other long term liabilities

0.100

0.000

0.000

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

108.872

50.117

11.174

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

89.114

40.806

51.108

(b) Trade payables

131.739

88.792

73.994

(c) Other current liabilities

41.622

14.340

18.666

(d) Short-term provisions

5.450

5.461

3.094

Total Current Liabilities (4)

267.925

149.399

146.862

 

 

 

 

TOTAL

531.872

341.468

280.391

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

253.225

79.917

81.327

(ii) Intangible Assets

1.970

2.212

1.192

(iii) Capital work-in-progress

0.000

35.448

0.197

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1.053

1.053

1.053

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

15.503

14.129

14.698

(e) Other Non-current assets

1.601

0.974

0.974

Total Non-Current Assets

273.352

133.733

99.441

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

65.092

40.738

26.423

(c) Trade receivables

142.675

120.309

107.174

(d) Cash and cash equivalents

6.563

5.272

8.983

(e) Short-term loans and advances

30.438

35.622

34.224

(f) Other current assets

13.752

5.794

4.146

Total Current Assets

258.520

207.735

180.950

 

 

 

 

TOTAL

531.872

341.468

280.391

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Income

518.163

403.995

388.118

 

Other Income

 

 

 

 

TOTAL

518.163

403.995

388.118

 

 

 

 

 

 

EXPENSES

 

 

 

 

TOTAL

497.994

366.974

351.833

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

37.021

36.285

 

 

 

 

 

 

DEPRECIATION/ AMORTISATION

 

7.879

4.419

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

20.169

29.142

33.316

 

 

 

 

 

 

TAX

7.045

9.545

12.355

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

13.124

19.597

20.961

 

 

 

 

 

 

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

0.000

0.000

0.000

 

 

 

 

 

 

Balance Carried to the B/S

13.124

19.597

20.961

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 13.12

19.60

 ---

 

 

Particulars

 

 

31.03.2015

31.03.2014

Sales Turnover (Approximately)

 

550.000

520.000

 

 

 

 

 

Expected Sales ( 2015-2016 ) : Rs.1500.000

 

The above information has been parted by Ms. Ketki Parakhi

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2013

31.03.2012

31.03.2011

Current Maturities of Long term debt

28.364

4.800

5.997

Cash generated from operations

NA

NA

NA

Net cash flow from (used in) operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

Net Profit Margin

(PAT / Sales)

(%)

2.53

4.85

5.40

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

3.80

9.56

11.94

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.13

0.21

0.27

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.43

0.67

0.56

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.96

1.39

1.23

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

10.000

10.000

10.000

Reserves & Surplus

112.355

131.952

145.075

Share Application money pending allotment

0.000

0.000

0.000

Net worth

122.355

141.952

155.075

 

 

 

 

long-term borrowings

10.880

49.883

104.718

Short term borrowings

51.108

40.806

89.114

Current Maturities of Long Term Debt

5.997

4.800

28.364

Total borrowings

67.985

95.489

222.196

Debt/Equity ratio

0.556

0.673

1.433

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Total revenues

388.118

403.995

518.163

 

 

4.091

28.260

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

388.118

403.995

518.163

Profit

20.961

19.597

13.124

 

5.40%

4.85%

2.53%

 

 

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)

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

No

26

Turnover of firm for last five 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

 

PARTICULARS

31.03.2013

(Rs. in Million)

31.03.2012

(Rs. in Million)

Long-term Borrowings

 

 

Loans and Advances from related parties

[These loans are from Directors ]

30.356

11.152

 

 

 

Total

30.356

11.152

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10570086

27/04/2015

2,291,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

8 / 3, MADHUBAN ERANDAVANA KARVE ROAD, PUNE, MAHAR 
ASHTRA - 411004, INDIA

C53976791

2

10530380

17/10/2014

30,000,000.00

THE SARASWAT CO-OPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPEARATIVE HOUSING SOC.,, 
PLOT NO.12, MULA ROAD, SANGAMWADI,, PUNE, MAHARAS 
HTRA - 411003, INDIA

C33081571

3

10484712

07/03/2014

40,000,000.00

THE SARASWAT COOPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, 
, PLOT NO.12, MULA ROAD, SANGAMWADI,, PUNE, MAHAR 
ASHTRA - 411003, INDIA

C00449173

4

10357314

15/09/2012 *

2,500,000.00

THE SARASWAT CO - OPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, 
PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, MAHARAS 
HTRA - 411003, INDIA

B58188194

5

10357321

15/09/2012 *

7,200,000.00

THE SARASWAT CO - OPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, 
PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, MAHARAS 
HTRA - 411003, INDIA

B58186743

6

10357325

06/07/2012 *

9,000,000.00

THE SARASWAT CO - OPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, 
PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, MAHARAS 
HTRA - 411003, INDIA

B44972289

7

10357316

13/07/2012 *

47,500,000.00

THE SARASWAT CO - OPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, 
PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, MAHARAS 
HTRA - 411003, INDIA

B44972859

8

10357319

08/05/2012

3,500,000.00

THE SARASWAT CO - OPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, 
PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, MAHARAS 
HTRA - 411003, INDIA

B40202046

9

10357322

08/05/2012

31,200,000.00

THE SARASWAT CO - OPERATIVE BANK LIMITED

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOCIETY, 
PLOT NO. 12, MULA ROAD SANGAMWADI, PUNE, MAHARAS 
HTRA - 411003, INDIA

B40203085

10

10280378

30/03/2011

10,000,000.00

THE SARASWAT CO-OPERATIVE BANK LTD.

C-2, KOHINOOR ESTATE CO-OPERATIVE HOUSING SOC.,, 
PLOT NO. 12, MULA ROAD, SANGAMWADI, PUNE 411003, P 
UNE, MAHARASHTRA - 411003, INDIA

B10316511

 

* Date of charge modification

 

OPERATIONS [AS ON 31.03.2013]

 

During the year under consideration, the turnover of the Company has been satisfactory, the Directors hope for better financial results in the current year.

 

CORPORATE INFOMARIOPN [AS ON 31.03.2013]

 

Subject is a private company domiciled in India and incorporated under the provisions of the companies Act, 1956. The company is engaged mainly in manufacturing of control panels and wire harnessing. The company caters to domestic markets only. During the year the company has achieved a next stage of expansion projects at Shirwal. The company has also started commercial production of Cables in the current year at Shirwal plant.

 

FIXED ASSETS

 

Tangible Assets

 

  • Land
  • Buildings
  • Plant and equipment
  • Furniture and Fixtures
  • Vehicles
  • Office Equipment
  • Computer and Printer

 

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, 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 records 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.63.49

UK Pound

1

Rs.99.17

Euro

1

Rs.69.39

 

 

INFORMATION DETAILS

 

Information Gathered by :

GYT

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

SNT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

4

--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

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

 

43

 

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.