MIRA INFORM REPORT
|
Report No. : |
332484 |
|
Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
BLS POLYMERS LIMITED |
|
|
|
|
Registered
Office : |
604, Indra Prakash Building, 21 Barakhamba Road, New Delhi -110001 |
|
Tel. No.: |
91-11-23755263/ 23310658 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.01.1991 |
|
|
|
|
Com. Reg. No.: |
55-042745 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 96.017 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24111DL1991PLC042745 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELB04844A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB0421B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Subject is engaged in compounding of Polyethylene and PVC compounds. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behavior : |
Slow but correct |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. For the financial year ended 2014, sales turnover of the company has
declined and company has reported lower profitability margins at 0.25% during
a year under review. Rating further constrained on account of company’s moderate financial
risk profile marked by low reserves and leverage balance sheet profile the
company. However, trade relations are reported as fair. Payments are reported
to be slow but correct. In view of leverage balance sheet profile, 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
|
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. Jairam |
|
Designation : |
Vice President |
|
Contact No.: |
91-11-23755263 |
|
Date : |
20.07.2015 |
LOCATIONS
|
Registered Office : |
604, Indra Prakash Building, 21 Barakhamba Road, New Delhi -110001,
India |
|
Tel. No.: |
91-11-23755263/ 23310658/ 23730252 |
|
Fax No.: |
91-11-23755263/ |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Sushil Aggarwal |
|
Designation : |
Director |
|
Address : |
04 Shankaracharya Marg, Civil Lines, New Delhi – 110054, India |
|
Date of Birth/Age : |
09.03.1957 |
|
Date of Appointment : |
20.06.1991 |
|
PAN No.: |
AAEPA8215B |
|
DIN No.: |
00144736 |
|
|
|
|
Name : |
Mr. Diwakar Aggarwal |
|
Designation : |
Managing Director |
|
Address : |
04 Shankaracharya Marg, Civil Lines, New Delhi – 110054, India |
|
Date of Birth/Age : |
25.02.1963 |
|
Date of Appointment : |
20.06.1991 |
|
PAN No.: |
AAEPA7812Q |
|
DIN No.: |
00144645 |
|
|
|
|
Name : |
Mr. Vinod Aggarwal |
|
Designation : |
Director |
|
Address : |
04 Shankaracharya Marg, Civil Lines, New Delhi – 110054, India |
|
Date of Birth/Age : |
25.06.1954 |
|
Date of Appointment : |
01.04.1995 |
|
PAN No.: |
AAEPA7813R |
|
DIN No.: |
00135390 |
|
|
|
|
Name : |
Mr. Madhukar Aggarwal |
|
Designation : |
Whole Time Director |
|
Address : |
04 Shankaracharya Marg, Civil Lines, New Delhi – 110054, India |
|
Date of Birth/Age : |
13.03.1961 |
|
Date of Appointment : |
20.06.1991 |
|
PAN No.: |
AAEPA8218N |
|
DIN No.: |
00183975 |
|
|
|
|
Name : |
Mr. Gaurav Aggarwal |
|
Designation : |
Director |
|
Address : |
04 Shankaracharya Marg, Civil Lines, New Delhi – 110054, India |
|
Date of Birth/Age : |
11.04.1981 |
|
Date of Appointment : |
27.08.2012 |
|
PAN No.: |
AGUPA3941Q |
|
DIN No.: |
00184065 |
|
|
|
|
Name : |
Ms. Sunayna Ruhela |
|
Designation : |
Additional director |
|
Address : |
70, Chipiwara-1 Pilkhuwa, Hapur, Ghaziabad, 245101, Uttar Pradesh, India |
|
Date of Appointment : |
29.06.2015 |
|
DIN No.: |
07224056 |
|
|
|
|
Name : |
Mr. Chetanya Shankar |
|
Designation : |
Additional director |
|
Address : |
276 B, Guladhar - 2, Fri Hold, Ghaziabad, Kavinagar, Ghaziabad, 201002, Uttar Pradesh, India |
|
Date of Appointment : |
17.07.2015 |
|
DIN No.: |
03097326 |
KEY EXECUTIVES
|
Name : |
Mr. Jairam |
|
Designation : |
Vice President |
|
|
|
|
Name : |
Sumit Jindal |
|
Designation : |
Secretary |
|
Address : |
S-37 Param Puri, Uttam Nagar Delhi, New Delhi, 110095, India |
|
PAN No.: |
AEUPJ0106Q |
|
Date of Appointment : |
25.10.2014 |
|
|
|
|
Name : |
Ms. Kanika Mathur |
|
Designation : |
Secretary |
|
Address : |
B D, 1039, Sarojini Nagar, New Delhi – 110023, India |
|
Date of Birth/Age : |
21.02.1988 |
|
PAN No.: |
AZBPM2290C |
|
Date of Appointment : |
20.06.2014 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
SHAREHOLDER’S FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
48.57 |
|
Directors or relatives of Directors |
50.70 |
|
Other top fifty shareholders |
0.73 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in compounding of Polyethylene and PVC compounds. |
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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 Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
S.S. Kothari Mehta and Company Chartered Accountants |
|
Address : |
146-149,Tribhuvan, complex ,Ishwar Nagar Mathura Road, New Delhi-110065, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFS6730L |
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|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Joint Ventures |
BLS Sumer Joint Ventures, India |
|
|
|
|
Related party |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9601670 |
Equity Shares |
Rs.10/- each |
Rs. 96.017 Million |
|
|
|
|
|
ABRIDGED
BALANCE SHEET
FINANCIAL DATA
[all figures are
in Rupees Million]
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
96.017 |
96.017 |
96.017 |
|
(b) Reserves & Surplus |
55.954 |
47.441 |
43.152 |
|
(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) |
151.971 |
143.458 |
139.169 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.871 |
|
(b) Deferred tax liabilities (Net) |
3.855 |
1.409 |
(0.775) |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
3.144 |
2.908 |
0.720 |
|
Total Non-current
Liabilities (3) |
6.999 |
4.317 |
0.816 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
312.301 |
230.182 |
163.440 |
|
(b) Trade
payables |
207.073 |
113.107 |
45.646 |
|
(c) Other
current liabilities |
25.906 |
60.264 |
14.021 |
|
(d) Short-term
provisions |
0.024 |
0.014 |
6.014 |
|
Total Current
Liabilities (4) |
545.304 |
403.567 |
229.121 |
|
|
|
|
|
|
TOTAL |
704.274 |
551.342 |
369.106 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
45.297 |
46.646 |
34.759 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
4.963 |
3.542 |
0.240 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.040 |
0.106 |
0.091 |
|
(e) Other
Non-current assets |
6.092 |
0.014 |
0.453 |
|
Total Non-Current
Assets |
56.392 |
50.308 |
35.543 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
163.170 |
130.330 |
102.942 |
|
(c) Trade
receivables |
353.896 |
256.320 |
195.071 |
|
(d) Cash
and cash equivalents |
22.094 |
83.510 |
17.862 |
|
(e)
Short-term loans and advances |
95.580 |
30.110 |
17.042 |
|
(f) Other
current assets |
13.142 |
0.764 |
0.646 |
|
Total
Current Assets |
647.882 |
501.034 |
333.563 |
|
|
|
|
|
|
TOTAL |
704.274 |
551.342 |
369.106 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3227.839 |
3882.945 |
2263.526 |
|
|
|
Other Income |
12.213 |
16.657 |
7.449 |
|
|
|
TOTAL |
3240.052 |
3899.602 |
2270.975 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
924.299 |
627.265 |
527.988 |
|
|
|
Purchases of Stock-in-Trade |
2189.308 |
3184.079 |
1667.485 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(3.834) |
8.393 |
(9.56) |
|
|
|
Employees benefits expense |
16.172 |
13.266 |
14.424 |
|
|
|
Other expenses |
70.662 |
52.369 |
47.399 |
|
|
|
TOTAL |
3196.607 |
3885.372 |
2247.732 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
43.445 |
14.230 |
23.243 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
27.737 |
19.342 |
12.707 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.708 |
(5.112) |
10.536 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
3.274 |
(11.559) |
5.338 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
12.434 |
6.447 |
5.198 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.921 |
2.157 |
1.731 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
8.513 |
4.290 |
3.467 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
|
|
|
|
|
|
Raw Materials |
196.309 |
82.915 |
57.668 |
|
|
|
Traded Goods |
0.000 |
0.000 |
0.000 |
|
|
|
Store and Spares |
0.215 |
0.000 |
0.000 |
|
|
|
Capital Goods |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL IMPORTS |
196.524 |
82.915 |
57.668 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.89 |
0.45 |
0.36 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.871 |
0.864 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
0.26 |
0.11 |
0.15 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.35 |
0.37 |
1.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78 |
1.18 |
1.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.04 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.06 |
1.61 |
1.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.24 |
1.46 |
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 |
96.017 |
96.017 |
96.017 |
|
Reserves & Surplus |
43.152 |
47.441 |
55.954 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
139.169 |
143.458 |
151.971 |
|
|
|
|
|
|
long-term borrowings |
0.871 |
0.000 |
0.000 |
|
Short term borrowings |
163.440 |
230.182 |
312.301 |
|
CURRENT MATURITIES OF LONG-TERM
DEBTS |
0.864 |
0.871 |
0.000 |
|
Total borrowings |
165.175 |
231.053 |
312.301 |
|
Debt/Equity ratio |
1.187 |
1.611 |
2.055 |
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 |
2263.526 |
3882.945 |
3227.839 |
|
|
|
71.544 |
(16.871) |
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 |
2263.526 |
3882.945 |
3227.839 |
|
Profit |
3.467 |
4.290 |
8.513 |
|
|
0.15% |
0.11% |
0.26% |
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 |
No |
|
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 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 |
COMPANY INFORMATION
BLS Polymers Limited is a company domiciled in India and incorporated under the provisions of Companies Act, 1956. The company is engaged in compounding of Polyethylene and PVC compounds. The company also operates as Del Credere Associate (DCA) cum Consignment Stockist (CS) of Indian Oil Corporation Limited (IOCL) for the Polymer Business.
OPERATIONS :
Turnover has been Rs. 3342.338 Million in the current year against the Rs. 3961.176 Million in the previous years. Whereas the Net Profit has been Rs. 8.512 Million in the current year against the Rs. 4.289 Million in the previous year.
Sales from the Manufacturing Division has been Rs. 944.346 Million in the current year against the Rs. 634.654 Million in the previous year. Whereas the Sales from Trading Division has come down from Rs. 3236.704 Million to Rs. 2275.618 Million.
Though there is decline in sales from the previous year, bottom-line of the company has increased from Rs 4.289 Million in previous year to Rs 8.512 Million in the current year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
91.900 |
59.323 |
|
Total |
91.900 |
59.323 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10560407 |
13/04/2015 * |
120000000 |
YES BANK LIMITED |
9TH FLOOR, NEHRU
CENTRE, DISCOVERY OF INDIA, DR. |
C53202545 |
|
2 |
10117061 |
30/10/2013 * |
503512000 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B89427413 |
|
3 |
10113948 |
30/10/2013 * |
433512000 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B89283634 |
FIXED ASSETS
- Computers
- Furniture and
Fixture
- Office
Equipments
- Plant and
Machinery
- Motor
Vehicles
- Building
- Land
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.63.52 |
|
|
1 |
Rs.99.19 |
|
Euro |
1 |
Rs.69.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
DDD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.