MIRA INFORM REPORT
|
Report No. : |
332348 |
|
Report Date : |
21.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered
Office : |
53, Madhuban, Near
Madalpur Under Bridge, Ellisbridge P.O., Ahmedabad – 380 006, Gujarat |
|
Tel. No.: |
91-79-26442729 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.05.1997 |
|
|
|
|
Com. Reg. No.: |
04-032397 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29199GJ1997FTC032397 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAEFP3641G AABCK2513Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is in the business of manufacturing of bottling and packaging
machines. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of KHS GmbH, Germany. Company was incorporated
on 26th May, 1997. It is an established company having a
satisfactory track record. The company has reported marginal dip into its sales turnover and
profit margin during the year under the review. Rating rake into consideration, company has shown strong financial risk
profile, long track record of the company, strong capital structure,
negligible debt and strong liquidity position of the company. Rating further take into account of company’s strong financial and
managerial support from its holding company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of support from its holding company, the company can be
considered good for business dealings at usual trade terms and condition. |
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 : |
Mr. Vishal Gupta |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-79-26440331 |
|
Date : |
20.07.2015 |
LOCATIONS
|
Registered Office : |
53, Madhuban, Near Madalpur Under Bridge, Ellisbridge P.O., Ahmedabad
– 380 006, Gujarat, India |
|
Tel. No.: |
91-79-26442729/ 26440331/ 26443236
|
|
Fax No.: |
91-79-26421324 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Sales Office : |
15, Madhuban, Near Madalpur Under Bridge, Ellisbridge P.O., Ahmedabad
– 380 006, Gujarat, India |
|
Tel. No.: |
91-79-26440331/ 26443236/ 25832866 |
|
Fax No.: |
91-79-26445146 |
|
|
|
|
Factory : |
Plot No.14/16, GIDC, Phase-I, Near Hirapur Cross Road,
Vatva-Mahemdabad Highway, Ahmedabad – 382 435, Gujarat, India |
|
Tel. No.: |
91-79-66100000 |
|
Fax No.: |
91-79-66100010 |
|
E-Mail : |
DIRECTORS
AS ON 15.09.2014
|
Name : |
Mr. Mahendra Narsinhbhai Patel |
|
Designation : |
Director |
|
Address : |
15, Kairavi Bunglow, Near Sarthi Hotel, Vastrapur Road, Boadakdev,
Ahmedabad – 380 015, Gujarat, India |
|
Date of Birth/Age : |
17.01.1949 |
|
Date of Appointment : |
26.05.1997 |
|
DIN No.: |
00104997 |
|
|
|
|
Name : |
Mr. Yatindra Ramakant Sharma |
|
Designation : |
Managing Director |
|
Address : |
7, Royal Crescent Bunglows, Thaltej, Ahmedabad – 380 054, Gujarat,
India |
|
Date of Birth/Age : |
14.03.1955 |
|
Date of Appointment : |
01.05.2002 |
|
DIN No.: |
00349038 |
|
PAN No.: |
AKUP63527L |
|
|
|
|
Name : |
Mr. Johann
Grabenweger |
|
Designation : |
Nominee Director |
|
Address : |
Welserstrasse, 28 Ludwigshafenamrhein
67063, Germany |
|
Date of Birth/Age : |
02.01.1963 |
|
Date of Appointment : |
19.01.2006 |
|
DIN No.: |
01251313 |
|
|
|
|
Name : |
Mr. Matthias K. Nimeyer |
|
Designation : |
Nominee Director |
|
Address : |
Pelikanstr 57, Hannover-30177, Germany |
|
Date of Birth/Age : |
19.05.1967 |
|
Date of Appointment : |
06.09.2010 |
|
DIN No.: |
02855100 |
|
|
|
|
Name : |
Mr. Parthasarathi Ghose |
|
Designation : |
Director |
|
Address : |
16, Yogeshwar Bunglows, Gulab Tower Raod, Thaltej, Ahmedabad – 380
054, Gujarat, India |
|
Date of Birth/Age : |
06.02.1969 |
|
Date of Appointment : |
25.03.2011 |
|
DIN No.: |
03521131 |
|
PAN No.: |
ABDFG8545K |
|
|
|
|
Name : |
Mr.
Norbert Pastoors |
|
Designation : |
Additional
Director |
|
Address : |
4
Holthuysstrasse, Kleve, 47533, Germany |
|
Date of Appointment : |
19.03.2015 |
|
DIN No.: |
07128094 |
|
|
|
|
Name : |
Mr.
Frank Hollmann |
|
Designation : |
Additional
Director |
|
Address : |
2B
Rosselstrasse, Wiesbaden Nordost, 65193, Germany |
|
Date of Appointment : |
19.03.2015 |
|
DIN No.: |
07128107 |
KEY EXECUTIVES
|
Name : |
Mr. Vishal Gupta |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 15.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mahendra N. Patel |
|
41240 |
|
Nayana M. Patel |
|
10 |
|
KHS GmbH, Germany |
|
945000 |
|
Yatindra R.
Sharma |
|
13750 |
|
Total |
|
1000000 |
AS ON 15.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
94.50 |
|
Directors
or relatives of directors |
|
5.50 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is in the business of manufacturing of bottling and packaging
machines. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash and Credit (30/ 60/ 90 days) |
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Purchasing : |
Cash and Credit (30/ 60/ 90 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
252, Veer
Savarkar Marg, Shivagi Park, Dadar, Mumbai – 400 028, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP3641G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
KHS GmbH, Germany |
|
|
|
|
Fellow Subsidiary Companies : |
|
|
|
|
|
Other Related Parties : |
|
CAPITAL STRUCTURE
AS ON 15.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
10.000 |
10.000 |
10.000 |
|
(b) Reserves &
Surplus |
1185.365 |
901.815 |
602.410 |
|
(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) |
1195.365 |
911.815 |
612.410 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3.084 |
3.345 |
12.213 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
1.993 |
8.960 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
47.872 |
24.914 |
15.628 |
|
Total Non-current
Liabilities (3) |
50.956 |
30.252 |
36.801 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
634.033 |
587.954 |
469.960 |
|
(c) Other current
liabilities |
615.524 |
210.732 |
245.237 |
|
(d) Short-term provisions |
122.194 |
65.487 |
56.163 |
|
Total Current Liabilities
(4) |
1371.751 |
864.173 |
771.360 |
|
|
|
|
|
|
TOTAL |
2618.072 |
1806.240 |
1420.571 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
332.635 |
349.305 |
378.774 |
|
(ii) Intangible Assets |
0.409 |
1.181 |
0.970 |
|
(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) |
13.726 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
33.413 |
11.360 |
39.678 |
|
(e) Other Non-current
assets |
0.000 |
10.000 |
3.043 |
|
Total Non-Current Assets |
380.183 |
371.846 |
422.465 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
596.130 |
336.061 |
342.786 |
|
(c) Trade receivables |
493.254 |
331.403 |
180.364 |
|
(d) Cash and cash
equivalents |
1032.069 |
742.350 |
425.180 |
|
(e) Short-term loans and
advances |
114.650 |
22.930 |
49.107 |
|
(f) Other current assets |
1.786 |
1.650 |
0.669 |
|
Total Current Assets |
2237.889 |
1434.394 |
998.106 |
|
|
|
|
|
|
TOTAL |
2618.072 |
1806.240 |
1420.571 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
2654.162 |
1448.629 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
2537.949 |
2654.162 |
1448.629 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2088.217 |
2166.511 |
1266.916 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
449.732 |
487.651 |
181.713 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES |
3.545 |
8.604 |
2.679 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
446.187 |
479.047 |
179.034 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
41.529 |
50.609 |
42.682 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX |
404.658 |
428.438 |
136.352 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
121.108 |
129.033 |
23.983 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
283.550 |
299.405 |
112.369 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
805.428 |
506.023 |
428.199 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
0.000 |
0.000 |
20.000 |
|
|
|
Tax on Proposed Dividend |
0.000 |
0.000 |
3.245 |
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
11.300 |
|
|
BALANCE CARRIED
TO THE B/S |
1088.978 |
805.428 |
506.023 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1083.649 |
559.757 |
95.758 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
283.55 |
299.41 |
112.37 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
|
|
|
|
|
The above information has been parted by Mr. Vishal Gupta (Marketing
Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
4.918 |
8.868 |
10.536 |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
440.703 |
456.522 |
352.376 |
|
Net cash flows from (used in) operating
activities |
265.273 |
336.033 |
297.008 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
11.17 |
11.28 |
7.76 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Total Income) |
(%) |
17.72 |
18.37 |
12.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.54 |
23.72 |
9.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.47 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.01 |
0.01 |
0.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.63 |
1.66 |
1.29 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
602.410 |
901.815 |
1185.365 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
612.410 |
911.815 |
1195.365 |
|
|
|
|
|
|
Long-term borrowings |
12.213 |
3.345 |
3.084 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
10.536 |
8.868 |
4.918 |
|
Total borrowings |
22.749 |
12.213 |
8.002 |
|
Debt/Equity ratio |
0.037 |
0.013 |
0.007 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
1448.629 |
2654.162 |
2537.949 |
|
|
|
83.219 |
(4.379) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
1448.629 |
2654.162 |
2537.949 |
|
Profit |
112.369 |
299.405 |
283.550 |
|
|
7.76% |
11.28% |
11.17% |
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 |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
GENERAL
INFORMATION:
The Company is in the business of manufacturing of bottling and
packaging machines. It was established in the year 1997. It has manufacturing
plant in India and sells primarily in India as well as outside India. Today,
KHS India offers complete lines as well as stand-alone equipment for Glass, Can
and PET application for beverage industry, viz. Soft drinks, Beer and Spirits.
The range of machines offered includes Filler Crowner/Cappers, Rinsers,
Washers, Deaerator-Mixer-Carbonators, pick-n-place Unpackers and Packers,
Labelers, Tunnel Pasteurisers, Shrink packers, Palletisers, all types of
Conveyor systems, blow moulding machineries, pouching machine etc.
YEAR IN RETROSPECT:
The Company has performed well inspite of uncertain political situation
of the country. They could almost maintain the business volume of last year.
For the first time in the history of their Company they have crossed the mark
of Rs.1000.000 million and achieved Export Business of Rs.1083.000 million.
Company generated excellent impression in the market. The company has
received prestigious awards like EEPC National Award for Export Excellence, CII
National HR Excellence Award and IGCC Award for Outstanding Contribution
towards the promotion of Indo-German Joint Venture-2013.
INDEX
OF CHARGES:
No Charges Exist for Company.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant
and Machinery
·
Computer
·
Furniture
and Fixture
·
Vehicles
·
Office
Equipment
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 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 |
|
UK Pound |
1 |
Rs.99.10 |
|
Euro |
1 |
Rs.68.83 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.