MIRA INFORM REPORT
|
Report No. : |
332956 |
|
Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
DEXTRA INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-42, IInd Floor, East of Kailash, New Delhi – 110065 |
|
Tel. No.: |
91-22-28392648 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.01.2002 |
|
|
|
|
Com. Reg. No.: |
55-114015 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.29.566 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29248DL2002PTC114015 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELD06455B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD4112C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of engineered construction products for building and
civil industries. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behavior : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary company of “Dextra Manufacturing Company
Limited”. Bangkok, incorporated in the year 2002. It is dealing in the business
of manufacturing of engineered construction products for building and civil
industries. Management has failed to file its financial record with the government
department for the year 2014. For the previous financial year ended 2013, company has moderate risk
profile marked by continuous losses during the year under a review. Moreover, due to accumulated losses incurred over past it has eroded
net worth of the company along with unfavorable gap between trade payables
and receivable. As per the registrar of companies it is shown that business is active.
Payments terms are slow. In view of inadequate funds and weak financial base, the company can
be considered for business dealings on safe and secured 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 DENIED BY
|
Name : |
Mr. Kiran |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-28392648 |
|
Date : |
17.06.2015 |
LOCATIONS
|
Registered Office : |
F-42, IInd Floor, East of Kailash, New Delhi – 110065, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
M 1, Satya Maniam, A1-A2, Ranjit Nagar Commercial Complex, New Delhi
-110008, India |
|
Tel. No.: |
91-11-25700179 |
|
|
|
|
Corporate Office: |
B Wing, 524/526, Chintamani Plaza, Mohan Studio Compound, Andheri Kurla
Road, Andheri (East) ,Mumbai – 400099, Maharashtra, India |
|
Tel No.: |
91-22-28389807 |
|
|
|
|
Factory: |
Located at · Bangkok, Thailand |
|
|
|
|
Work Shop: |
Rabale, Navi Mumbai, Maharashtra, India |
DIRECTORS
AS ON 20.06.2014
|
Name : |
Mr. Jean Marie Pithon |
|
Designation : |
Director |
|
Address : |
143/40, 501, Wattana Sukhumvit 19, Klongton, Bangkok – 10110, Thailand
|
|
Date of Birth/Age : |
29.06.1995 |
|
Date of Appointment : |
29.01.2002 |
|
DIN No.: |
00204299 |
|
|
|
|
Name : |
Mr. Tugdual LB Tour DE LA |
|
Designation : |
Director |
|
Address : |
106, Rue Abderrahman, Sehraoui, Casablanca, Morocco |
|
Date of Birth/Age : |
23.03.1932 |
|
Date of Appointment : |
29.01.2002 |
|
DIN No.: |
00361156 |
|
|
|
|
Name : |
Mr. Herve Michel Lemoine |
|
Designation : |
Managing Director |
|
Address : |
311/ Baan Suan Chan, 26/5 Nanglin Chee Road, Thunghaham EK Sathorn,
Bangkok – 10120, Thailand |
|
Date of Birth/Age : |
09.03.1969 |
|
Date of Appointment : |
07.06.2003 |
|
DIN No.: |
00204129 |
|
|
|
|
Name : |
Mr. Sunil Desai |
|
Designation : |
Director |
|
Address : |
16/124, Anand Vihar, Santa Cruz East, Mumbai – 400055, Maharashtra,
India |
|
Date of Birth/Age : |
09.05.1963 |
|
Date of Appointment : |
07.06.2003 |
|
DIN No.: |
00268525 |
KEY EXECUTIVES
|
Name : |
Mr. Kiran |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.06.2014
|
Names of Shareholders |
No. of Shares |
|
Dextra Asia Company Limited, Thailand |
1 |
|
Dextra Manufacturing Company Limited, Thailand |
591329 |
|
Total |
591330 |
AS ON 20.08.2014
|
Names of Allottees |
No. of Shares |
|
Dextra Manufacturing Company Limited, Thailand |
908668 |
|
Dextra Asia Company Limited, Thailand |
2 |
|
Total |
908670 |
Equity Share Break up (Percentage of Total Equity)
AS ON 20.06.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companies(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of engineered construction products for building and
civil industries. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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||||||||||||||
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No. of Employees : |
Information declined by the management |
||||||||||||||
|
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|
||||||||||||||
|
Bankers : |
Standard Chartered Bank, Andheri (East), Mumbai – 400058, Maharashtra,
India. |
|
Auditors : |
|
|
Name : |
Singhi and Company Chartered Accountants |
|
Address : |
B2 402 B, Marathon Innova, 4th Floor, Ganpathrao Kadam Marg,
Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-66625537 |
|
Fax No.: |
91-22-66625539 |
|
E-Mail : |
|
|
Website : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AASFS9578D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company
: (AS ON : 31.03.2014) |
Dextra Manufacturing Company Limited, Bangkok, Thailand |
|
|
|
|
Related Party : (AS ON :
31.03.2014) |
·
Dextra Pacific Limited, Hong-Kong ·
Dextra Middle East FZE, Dubai, UAE ·
Dextra Europe, France ·
Dextra Asia Company Limited, Bangkok, Thailand |
CAPITAL STRUCTURE
AFTER 20.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.50/- each |
Rs. 75.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital : Rs. 75.000 Million
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.50/- each |
Rs. 75.000 Million |
|
|
|
|
|
AS ON 20.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.50/- each |
Rs. 75.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
591330 |
Equity Shares |
Rs.50/- each |
Rs. 29.566 Million |
|
|
|
|
|
ABRIDGED
BALANCE SHEET
FINANCIAL DATA
[all figures are
in Rupees Million]
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
29.566 |
29.566 |
29.567 |
|
(b) Reserves & Surplus |
(45.042) |
(8.956) |
10.777 |
|
(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) |
(15.476) |
20.610 |
40.344 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
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 |
2.431 |
2.697 |
1.373 |
|
Total Non-current
Liabilities (3) |
2.431 |
2.697 |
1.373 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
210.754 |
139.228 |
121.281 |
|
(c) Other current
liabilities |
4.033 |
3.941 |
6.770 |
|
(d) Short-term
provisions |
19.044 |
9.506 |
8.027 |
|
Total Current
Liabilities (4) |
233.831 |
152.675 |
136.078 |
|
|
|
|
|
|
TOTAL |
220.786 |
175.982 |
177.795 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
45.696 |
29.397 |
37.951 |
|
(ii)
Intangible Assets |
0.634 |
0.685 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
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) |
10.701 |
10.945 |
8.792 |
|
(d) Long-term Loan and Advances |
6.096 |
5.163 |
4.911 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
63.127 |
46.190 |
51.654 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
43.864 |
35.059 |
32.283 |
|
(c) Trade
receivables |
84.205 |
77.236 |
73.426 |
|
(d) Cash
and cash equivalents |
15.617 |
4.148 |
4.880 |
|
(e)
Short-term loans and advances |
7.413 |
8.465 |
6.774 |
|
(f) Other
current assets |
6.560 |
4.884 |
8.778 |
|
Total
Current Assets |
157.659 |
129.792 |
126.141 |
|
|
|
|
|
|
TOTAL |
220.786 |
175.982 |
177.795 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
304.687 |
298.382 |
264.256 |
|
|
|
Other Income |
0.272 |
2.248 |
7.353 |
|
|
|
TOTAL |
304.959 |
300.630 |
271.609 |
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
(Including
Depreciation) |
(Including
Depreciation) |
258.683 |
|
|
|
|
|
|||
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
12.926 |
|||
|
|
|
|
|||
|
Less |
DEPRECIATION/
AMORTISATION |
18.941 |
|||
|
|
|
|
|
|
|
|
Add |
PROFIT ON SALE
OF ASSETS |
1.847 |
0.009 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(35.036) |
(21.378) |
(6.015) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.050 |
(1.645) |
(4.396) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(36.086) |
(19.733) |
(1.619) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(54.189) |
(34.456) |
(33.037) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(90.275) |
(54.189) |
(34.656) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales of Consumables |
0.000 |
0.220 |
0.017 |
|
|
|
Sales of Assets |
1.984 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
1.984 |
0.220 |
0.017 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(61.03) |
(33.37) |
(2.74) |
|
|
|
IMPORTS |
|
|
|
||||
|
|
Capital Goods |
USD |
299486 |
18.314 |
159815 |
8.389 |
223432 |
3.326 |
|
|
Capital Goods |
Euro |
2360 |
0.200 |
0.00 |
0.000 |
1779829 |
6.612 |
|
|
Traded Goods |
USD |
2085888 |
119.646 |
2007522 |
107.894 |
26006 |
0.000 |
|
|
Raw Materials |
USD |
181944 |
10.624 |
0.00 |
0.000 |
51067 |
0.000 |
|
|
Stores and Consumables |
Euro |
74682 |
5.558 |
59820 |
4.128 |
136798 |
0.000 |
|
|
Stores and Consumables |
USD |
96662 |
5.515 |
94835 |
5.045 |
|
0.000 |
|
|
TOTAL IMPORTS |
159.857 |
125.456 |
9.938 |
||||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin |
(%) |
(11.84) |
(6.61) |
(0.61) |
|
|
|
|
|
|
|
0Return on Total Assets (PBT/Total Assets} |
(%) |
(16.68) |
(12.95) |
(3.56) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
2.26 |
(1.04) |
(0.15) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67 |
0.85 |
0.93 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
29.567 |
29.566 |
29.566 |
|
Reserves & Surplus |
10.777 |
(8.956) |
(45.042) |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
40.344 |
20.610 |
(15.476) |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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) |
|
Sales |
264.256 |
298.382 |
304.687 |
|
|
|
12.914 |
2.113 |
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 |
264.256 |
298.382 |
304.687 |
|
Profit |
(1.619) |
(19.733) |
(36.086) |
|
|
(0.61)% |
(6.61)% |
(11.84)% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
Registered office of the company has been
shifted from F-36, IInd Floor, East of Kailash, New Delhi - 110065, to the
present address w.e.f. 12.02.2007.
BUSINESS REVIEW: (AS ON :
31.03.2014)
The Board of Directors held discussions the financial position of the Company. The Company had previously entered into an agreement with its holding company Dextra Manufacturing Company Limited from 2007 to 2010 and management service fee was charged by Dextra Manufacturing Company Limited on the Company which was provided in the financial statements till the financial year 2010.
The total amount of management service dues under the head ‘Management Services’ is Rs.47.280 Million. The decision to waive off the liability of management services is under consideration by the Board of the Company and its holding company. Presently the matter is pending final decision.
Also the Company’s accumulated losses, during the year 2013 were more than 50% of its net worth. Notwithstanding the fact that the Company’s net worth is eroded, the management is of the view that in lieu of support of the holding company Dextra Manufacturing Company Limited and several initiatives for increase in business activities and profitability initiatives along with potential waivers of management fee liabilities (as discussed herein above), the going concern status of the Company is not vitiated.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Plant and Machinery
- Office Equipment
- Office Furniture
- Office Computers
- Dyes and Tools
- Leasehold Improvement
- Software
CMT REPORT (Corruption, Money Laundering
& Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.55 |
|
|
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.68.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRE |
|
|
|
|
Analysis Done by
: |
TSH |
|
|
|
|
Report Prepared
by : |
DDD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
11 |
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
unfavorable 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.