MIRA INFORM REPORT
|
Report No. : |
334228 |
|
Report Date : |
29.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ROTO SCREENTECH PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
305, Silver Chambers, Tagore Marg, Rajkot – 360 002, Gujarat |
|
Tel. No.: |
91-281-2468328 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.06.1984 |
|
|
|
|
Com. Reg. No.: |
04-006989 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.480 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36911GJ1984PTC006989 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTR00236F |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCR3206K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter
of PU/PVC Leather Clothes, PVC Films, Printed PVC Films, PVC Artificial Leather
Cloth, PVC Calendered Film and Sheeting, Vinyl Coated Fabric, Synthetic Vinyl
Fabric, Synthetic Leather Cloth, Vinyl Leather Cloth. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
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 an established company having satisfactory track record. The rating takes into consideration company’s healthy financial risk
profile and fair profitability levels of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual 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.
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 DECLINED BY
|
Name : |
Mr. Uday Ranchhoddas Tilva |
|
Designation : |
Director |
|
Contact No.: |
91-9825075707 |
|
Date : |
29.07.2015 |
LOCATIONS
|
Registered Office : |
305, Silver Chambers, Tagore Marg, Rajkot – 360 002, Gujarat, India |
|
Tel. No.: |
91-281-2468328 |
|
Mobile No.: |
91-9825075707 (Mr. Uday Ranchhoddas Tilva) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
301, Silver Chamber, Tagore Road, Rajkot – 360 002, Gujarat, India |
|
Tel. No.: |
91-281-2468328/ 2698277/ 2468345 |
|
Fax No.: |
91-281-2468839 |
|
|
|
|
Factory : |
National Highway 27, Kuvadva, District Rajkot, Gujarat, India |
|
Tel. No.: |
91-281-284266/ 284277 |
DIRECTORS
AS ON 05.09.2014
|
Name : |
Mr. Mansukhlal Premjibhai Saparia (Patel) |
|
Designation : |
Director |
|
Address : |
501,
Ratrani Apartment, Akshar Marg, Near Bhaktidham Society, Rajkot – 360 001,
Gujarat, India |
|
Date of Birth/Age : |
02.10.1937 |
|
Date of Appointment : |
07.06.1984 |
|
DIN No.: |
01353327 |
|
|
|
|
Name : |
Mr. Vinod Khimji Tilva |
|
Designation : |
Director |
|
Address : |
701, Aaksh Ganga Apartment, Dr. Amin Marg, |
|
Date of Birth/Age : |
08.12.1954 |
|
Date of Appointment : |
07.06.1984 |
|
DIN No.: |
00275279 |
|
|
|
|
Name : |
Mr. Uday Ranchhoddas Tilva |
|
Designation : |
Director |
|
Address : |
851,
Takshashila Society, B/H. Phul Chhab, Rajkot – 360 001, Gujarat, India |
|
Date of Birth/Age : |
03.06.1962 |
|
Date of Appointment : |
11.07.2009 |
|
DIN No.: |
02647554 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.09.2014
Note:
Shareholding details file attached.
AS ON 05.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
64.71 |
|
Other
top fifty shareholders |
|
35.29 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter
of PU/PVC Leather Clothes, PVC Films, Printed PVC Films, PVC Artificial Leather
Cloth, PVC Calendered Film and Sheeting, Vinyl Coated Fabric, Synthetic Vinyl
Fabric, Synthetic Leather Cloth, Vinyl Leather Cloth. |
|
|
|
|
Products : |
|
|
|
|
|
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 : |
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Selling : |
Not Divulged |
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|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
· Hyundai · General Motors · Ford · Tata Motors |
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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 : |
|
|
Name : |
A.R. Doshi and Company Chartered Accountants |
|
Address : |
501/4, Everest, Subhash Road, Opposite Shastri Maidan, Rajkot – 360
001, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABBPD2620M |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Group Companies (As per indirect sources) : |
|
CAPITAL STRUCTURE
AS ON 05.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
24800 |
Equity Shares |
Rs.100/- each |
Rs.2.480 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 |
2.480 |
2.480 |
2.480 |
|
(b) Reserves & Surplus |
143.306 |
130.139 |
117.211 |
|
(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) |
145.786 |
132.619 |
119.691 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
29.541 |
37.415 |
31.951 |
|
(b) Deferred tax
liabilities (Net) |
0.696 |
0.803 |
0.823 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
30.237 |
38.218 |
32.774 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.174 |
0.000 |
0.000 |
|
(b) Trade payables |
38.076 |
21.784 |
18.222 |
|
(c) Other current
liabilities |
1.790 |
1.807 |
3.184 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
40.040 |
23.591 |
21.406 |
|
|
|
|
|
|
TOTAL |
216.063 |
194.428 |
173.871 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
21.054 |
19.367 |
17.454 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
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 |
0.581 |
2.680 |
0.581 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
37.425 |
47.758 |
1.591 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
59.060 |
69.805 |
19.626 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
38.345 |
29.839 |
29.491 |
|
(c) Trade receivables |
88.625 |
70.209 |
64.156 |
|
(d) Cash and cash
equivalents |
7.412 |
8.671 |
26.677 |
|
(e) Short-term loans and
advances |
22.196 |
15.802 |
33.162 |
|
(f) Other current assets |
0.425 |
0.102 |
0.759 |
|
Total Current Assets |
157.003 |
124.623 |
154.245 |
|
|
|
|
|
|
TOTAL |
216.063 |
194.428 |
173.871 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
332.239 |
314.503 |
311.987 |
|
|
|
Other Income |
7.990 |
6.204 |
5.421 |
|
|
|
TOTAL |
340.229 |
320.707 |
317.408 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
268.702 |
248.015 |
248.391 |
|
|
|
Changes in inventories of finished goods and
Stock-in-trade, etc. |
(5.771) |
0.001 |
(0.084) |
|
|
|
Employees benefits expenses |
7.468 |
7.077 |
6.150 |
|
|
|
Other expenses |
41.691 |
38.656 |
36.469 |
|
|
|
TOTAL |
312.090 |
293.749 |
290.926 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
28.139 |
26.958 |
26.482 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.795 |
4.998 |
4.976 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
22.344 |
21.960 |
21.506 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.040 |
2.983 |
2.645 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
19.304 |
18.977 |
18.861 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.138 |
6.049 |
6.402 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
13.166 |
12.928 |
12.459 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
125.825 |
112.897 |
100.385 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
138.991 |
125.825 |
112.897 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
On Exports of goods on FOB basis |
68.974 |
61.865 |
77.198 |
|
|
TOTAL EARNINGS |
68.974 |
61.865 |
77.198 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
63.404 |
44.075 |
55.267 |
|
|
|
Capital Goods |
0.806 |
1.454 |
0.824 |
|
|
TOTAL IMPORTS |
64.210 |
45.529 |
56.091 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
531.00 |
521.00 |
505.00 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
NA |
NA |
NA |
|
Cash generated
from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.96 |
4.11 |
3.99 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.47 |
8.57 |
8.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.96 |
9.90 |
10.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.14 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.20 |
0.28 |
0.27 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.92 |
5.28 |
7.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
2.480 |
2.480 |
2.480 |
|
Reserves & Surplus |
117.211 |
130.139 |
143.306 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
119.691 |
132.619 |
145.786 |
|
|
|
|
|
|
Long-term borrowings |
31.951 |
37.415 |
29.541 |
|
Short term borrowings |
0.000 |
0.000 |
0.174 |
|
Total borrowings |
31.951 |
37.415 |
29.715 |
|
Debt/Equity ratio |
0.267 |
0.282 |
0.204 |
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) |
|
Revenue from Operations |
311.987 |
314.503 |
332.239 |
|
|
|
0.806 |
5.639 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
311.987 |
314.503 |
332.239 |
|
Profit |
12.459 |
12.928 |
13.166 |
|
|
3.99% |
4.11% |
3.96% |
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 |
Yes |
|
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 |
RESULT OF OPERATION:
During the year, the
sales/turnover of the company amounted to Rs.332.200 million as compared
Rs.314.500 million in the previous year. Company has achieved profit Rs.19.300
million before providing for taxation. The fob value of exports during the year
was Rs.68.900 million while the fob value of exports of the previous year was
Rs.61.800 million. The company has explored new markets in several countries by
extensive marketing efforts to develop the export business. Also, the company
has maintained its popularity in the Indian market due to the consistency of
quality in goods and services. They hope for better future of the company.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances from Directors and Shareholders (There are no terms and
conditions stipulated for repayment of loans) |
29.541 |
37.415 |
|
Total |
29.541 |
37.415 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/
Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10323441 |
25/11/2011 |
45,000,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, NARIMAN BHAVAN, 227,
D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B27985381 |
|
2 |
10329956 |
01/11/2012 * |
65,000,000.00 |
KOTAK MAHINDRA BANK
LIMITED |
36-38A, NARIMAN BHAVAN,
227, D, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021, INDIA |
B63462873 |
|
3 |
90111639 |
17/03/1993 * |
26,600,000.00 |
STATE BANK OF SAURASHTRA |
GYMKHANA ROAD BRANCH,
RAJKOT, MAHARASHTRA - 360001, INDIA |
- |
|
4 |
90111638 |
14/01/1994 * |
26,600,000.00 |
STATE BANK OF SAURASHTRA |
GYMKHANA ROAD BRANCH, RAJKOT,
MAHARASHTRA - 360001, INDIA |
- |
|
5 |
90108901 |
18/03/2008 * |
30,000,000.00 |
STATE BANK OF SAURASHTRA |
GYMKHANA ROAD BRANCH,
RAJKOT, GUJARAT - 360001, INDIA |
A34390500 |
|
6 |
90107480 |
10/01/2002 * |
26,600,000.00 |
STATE BANK OF SAURASHTRA |
GYMKHANA ROAD BRANCH,
RAJKOT, MAHARASHTRA - 360001, INDIA |
- |
|
7 |
90108898 |
28/02/2008 * |
30,000,000.00 |
STATE BANK OF SAURASHTRA |
GYMKHANA ROAD BRANCH,
RAJKOT, GUJARAT - 360001, INDIA |
A34391698 |
|
8 |
90108653 |
10/03/1992 * |
7,000,000.00 |
STATE BANK OF SAURASHTRA |
GYMKHANA ROAD BRANCH,
RAJKOT, MAHARASHTRA, INDIA |
- |
|
9 |
90108652 |
10/01/2002 * |
7,000,000.00 |
STATE BANK OF SAURASHTRA |
GYMKHANA ROAD BRANCH,
RAJKOT, MAHARASHTRA - 360001, INDIA |
- |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Furniture and Fixtures
· Plant and Machineries
· Vehicles
· Computers
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.64.03 |
|
UK Pound |
1 |
Rs.99.72 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
49 |
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.