MIRA INFORM REPORT
|
Report No. : |
332908 |
|
Report Date : |
22.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SNAP-ON TOOLS PRIVATE LIMITED |
|
|
|
|
Office : |
303, DLF South Court, A-1, Saket District Centre, Saket, New Delhi -
110017 |
|
Tel. No.: |
91-124-4056878 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.09.2003 |
|
|
|
|
Com. Reg. No.: |
55-122332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 46.653
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29256DL2003PTC122332 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCS9821K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Seller of Wheel Alignment, Wheel
Balancer, Tyre Changer, Hand Tools, Power Tools, Metal Cutting Saws, Tool
Storage Products and Components thereof. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (20) |
|
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 Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company incorporated during the year 2003. It has
moderate track record. For the financial year 2014, the company has incurred huge accumulated
loss which has eroded networth position of the company. Further the rating is constrained on account the weak liquidity
profile marked by huge borrowings taken by the company. However, it has decent sales turnover. Business is active. Payment terms are slow. In view of continuous losses and weak balance sheet profile, company
can be considered for business dealings on fully safe and secure 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
NOT AVAILABLE
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 DECLINED BY
|
Name : |
Ms. Priya |
|
Designation : |
Customer Support |
|
Contact No.: |
91-22-67020909 |
|
Date : |
21.07.2015 |
LOCATIONS
|
Registered Office : |
303, DLF South Court, A-1, Saket District Centre, Saket, New Delhi –
110017, India |
|
Tel. No.: |
91-11-23221416 |
|
Fax No.: |
91-11-23234940 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
5th Floor, Rajendra Marg, 210, Deen Dayal Upadhayay Marg, New Delhi –
110002, India |
|
|
|
|
Head Office : |
6/2 Begumpur Khatola, Behind Toyota Showroom, NH-8, Delhi-Jaipur Highway, Gurgaon – 122004, Haryana, India |
|
Tel. No.: |
91-124-4599700 |
|
Fax No.: |
91-124-4056866 |
|
E-Mail : |
|
|
|
|
|
Western Region
Office : |
Dilkap Chambers 404/406, 4th Floor, Fun Republic Lane, Nr. Bansali, Engineering, Veera Desai Road, Andheri [West], Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-67020909/ 67020400 |
|
Fax No.: |
91-22-26730571 |
|
|
|
|
Southern Region
Office : |
B-327, 1st B" Block AECS Layout, Opposite to Brooks Field, Kundalahalli, Bangalore – 560037, Karnataka, India |
|
Tel. No.: |
91-80-65375197/ 98 |
|
Fax No.: |
91-80-28540618 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Raja Sagi Suryanaryana Raju |
|
Designation : |
Managing director |
|
Address : |
D-192, Icon Golf Course Road, DLF City, Phase V, Gurgaon – 122009,
Haryana, India |
|
Date of Birth/Age : |
11.02.1956 |
|
Date of Appointment : |
27.06.2006 |
|
PAN No.: |
AADPR6287K |
|
DIN No.: |
00182261 |
|
|
|
|
Name : |
Mrs. Priya Shankar Dasgupta |
|
Designation : |
Director |
|
Address : |
J-1810, Chittaranjan Park, New Delhi – 110019, India |
|
Date of Birth/Age : |
30.06.1955 |
|
Date of Appointment : |
27.06.2006 |
|
DIN No.: |
00012552 |
|
|
|
|
Name : |
Mr. Wing Yiu James NG |
|
Designation : |
Director |
|
Address : |
26B, Block 6, South Horizons, AP Lei Chau, Hong Kong |
|
Date of Birth/Age : |
16.07.1956 |
|
Date of Appointment : |
15.01.2008 |
|
DIN No.: |
02054119 |
|
|
|
|
Name : |
Mr. Anup Ranjan Banerjee |
|
Designation : |
Director |
|
Address : |
5375, Brompton Lane, Gurnee Illinoi 60031 |
|
Date of Birth/Age : |
13.01.1950 |
|
Date of Appointment : |
15.01.2008 |
|
DIN No.: |
02202864 |
KEY EXECUTIVES
|
Name : |
Ms. Priya |
|
Designation : |
Customer Support |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Snap on Global Holdings Inc, USA |
|
4665329 |
|
Snap on Incorporated, USA |
|
1 |
|
|
|
|
|
Total |
|
4665330 |
AS ON 30.09.2014
|
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] |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Seller of Wheel Alignment, Wheel
Balancer, Tyre Changer, Hand Tools, Power Tools, Metal Cutting Saws, Tool
Storage Products and Components thereof. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Not Divulged |
|
Countries : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
||||||||||||||||||||||
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||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
-- |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7th Floor, Building 10, Tower B, DLF Cyber City
Complex, DLF City Phase - II, Gurgaon-122002, Haryana, India |
|
Tel. No.: |
91-124-6792000 |
|
Fax No.: |
91-124-6792012 |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFD2095B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Ultimate Holding
Company : |
Snap-on Incorporated, USA |
|
|
|
|
Holding company : |
Snap On Global Holdings Inc., USA |
|
|
|
|
Fellow subsidiaries
: |
· IDSC Tools Company LLC, USA (JH William) · SNA Europe (Benelux) International Sweden · Snap On Asia Manufacturing (Kunshan) Co. Limited · Snap On Asia Manufacturing (Zhejiang) Co. Limited · Snap On Equipment GmbH, Germany · Snap On Equipment SRL, Italy · Snap On Power Tools, INC · Snap On Tools Hongkong Limited · Snap On Tools Singapore Pte Limited · Snap On Trading (Shanghai) Co. Limited · Snap On Logistics Co · Snap On Tools Singapore Pte Limited, Taiwan Branch · Snap On Business Solutions India Private Limited [U74899DL1994PTC062887] · Snap On Equipment · Snap On Tools Japan KK · Snap on Tools UK |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,665,330 |
Equity Shares |
Rs. 10/- each |
Rs. 46.653
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 |
46.653 |
46.653 |
46.653 |
|
(b) Reserves & Surplus |
(75.272) |
26.588 |
49.822 |
|
(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) |
(28.619) |
73.241 |
96.475 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
425.921 |
147.033 |
98.027 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.355 |
0.484 |
0.532 |
|
(d)
long-term provisions |
16.874 |
12.269 |
9.476 |
|
Total
Non-current Liabilities (3) |
443.150 |
159.786 |
108.035 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
170.167 |
264.938 |
173.224 |
|
(c)
Other current liabilities |
40.357 |
22.537 |
20.959 |
|
(d)
Short-term provisions |
12.110 |
9.867 |
11.011 |
|
Total
Current Liabilities (4) |
222.634 |
297.342 |
205.194 |
|
|
|
|
|
|
TOTAL |
637.165 |
530.369 |
409.704 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
29.825 |
34.391 |
36.029 |
|
(ii)
Intangible Assets |
0.089 |
0.148 |
0.246 |
|
(iii)
Capital work-in-progress |
1.256 |
1.256 |
1.256 |
|
(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 |
9.576 |
9.576 |
|
(d) Long-term Loan
and Advances |
13.258 |
15.675 |
5.965 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
44.428 |
61.046 |
53.072 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
230.340 |
221.459 |
176.043 |
|
(c)
Trade receivables |
335.709 |
214.181 |
133.882 |
|
(d)
Cash and cash equivalents |
14.571 |
23.266 |
32.628 |
|
(e)
Short-term loans and advances |
11.265 |
10.417 |
13.900 |
|
(f)
Other current assets |
0.852 |
0.000 |
0.179 |
|
Total
Current Assets |
592.737 |
469.323 |
356.632 |
|
|
|
|
|
|
TOTAL |
637.165 |
530.369 |
409.704 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
984.175 |
832.801 |
815.396
[Gross] |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(92.283) |
(23.844) |
36.393 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.576 |
(0.609) |
10.453 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(101.859) |
(23.235) |
25.940 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
24.324 |
18.428 |
|
|
|
|
Service charges |
0.970 |
0.835 |
|
|
|
|
Reimbursement of expenses |
3.881 |
3.341 |
|
|
|
TOTAL EARNINGS |
29.175 |
22.604 |
NA
|
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Finished Goods |
225.549 |
196.600 |
|
|
|
|
Raw Materials |
459.369 |
383.619 |
|
|
|
|
Capital Goods |
0.000 |
6.267 |
|
|
|
TOTAL IMPORTS |
684.918 |
586.486 |
NA
|
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(21.83) |
(4.98) |
5.56 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
5.000 |
0.000 |
NA |
|
|
|
|
|
|
Cash generated from operations |
(258.793) |
(33.891) |
20.696 |
|
|
|
|
|
|
Net Cash flow from (used in) operating activities |
(258.911) |
(37.552) |
11.960 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(10.35) |
(2.79) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(14.51) |
(4.59) |
9.12 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
3.22 |
(0.33) |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
(15.06) |
2.01 |
1.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.66 |
1.58 |
1.74 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
46.653 |
46.653 |
46.653 |
|
Reserves & Surplus |
49.822 |
26.588 |
(75.272) |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
96.475 |
73.241 |
(28.619) |
|
|
|
|
|
|
Long-term borrowings |
98.027 |
147.033 |
425.921 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
98.027 |
147.033 |
430.921 |
|
Debt/Equity ratio |
1.016 |
2.008 |
(15.057) |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
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 |
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 |
INDEX OF CHARGES: NO CHARGES
EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and Advances from related parties |
425.000 |
145.000 |
|
Other loans and advances |
0.921 |
2.033 |
|
|
|
|
|
Total |
425.921 |
147.033 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from R-13 and14,
LGF Ansal Chamber – II, Bikaji Cama Place, New Delhi – 110066, India to the present
address w.e.f.16.11.2012
CORPORATE INFORMATION
Snap-On Tools Private Limited (‘the Company’) was incorporated on September 19, 2003 to manufacture and sell wheel alignment, wheel balancer, tyre changer, hand tools, power tools, metal cutting saws, tool storage products and components thereof.
SALES OPERATIONS
The Year ended on 31st march 2014, was challenging on multiple factors.
The Company met with adverse market situations arising out of weak market
sentiments and decline in manufacturing sector resulting in low growth in
Automotive/Aviation and General Industry. India’s GDP, during financial year
2013-14 marginally grew between 3.5% - 4% as compare to 4.5% in 2012-13 and
manufacturing sector growth was also declined by .7% in the year. In addition,
Dollar appreciation to INR more than 20% during the year had adverse financial
impact on operational results.
In spite of, adverse market conditions, the overall sales turnover
recorded an increase by 18% over the year and primarily growth came from sales
of Automotive Equipment’s segment. Hand Tools & Power tools recorded growth
at 12% and 37% respectively. Distributions Saws Sales increased by 36% and the
company has regained its lost share of market during the year.
Manufactured segment recorded growth at 19%. Manufactured BandSaws shows
a growth of 23% while Manufactured Equipment growth was 19%. However sales to
OEM dealers are same in Equipment segment compared to last year, sales
increased because of focus in tyre shops segment. Service Sales increased by
33% in financial year 2013-14.
BandSaws sales increased by 23% because of new launch BandSaw grade of
3900 which replaces 3899 grade. Other saws sales increased primarily because of
new product range of Hand files and Rotary Burr. Power Tools Sales increased by
37% and primary growth came from new product sales of AT650 etc and increase in
price realization. Hand Tools sales e increased by 12% because of Blue Point
brand approval by Automotive OEMs.
FIXED ASSETS:
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Leasehold improvements
· 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,
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. 63.65 |
|
|
1 |
Rs. 99.14 |
|
Euro |
1 |
Rs. 68.91 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
20 |
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.