MIRA INFORM REPORT
|
Report No. : |
333929 |
|
Report Date : |
30.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARIHANT COAL SALES ( |
|
|
|
|
Registered
Office : |
Dhanshree Villa, Plot No. E – 4 / 108, Arera Colony, Opposite Baghira
Apartment, |
|
Tel No.: |
91-755-4027500 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.10.2003 |
|
|
|
|
Com. Reg. No.: |
10-016143 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U10102MP2003PTC016143 |
|
|
|
|
IEC No.: |
1104007576 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLA02790E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA0718F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of coal. |
|
|
|
|
No. of Employees
: |
65 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
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 reflects ACSIPL’s promoters’
long-standing experience in the coal trading industry supported by sound
financial base and fair profitability margins of the company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered 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.
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 |
CARE |
|
Rating |
Long term rating BB+ |
|
Rating Explanation |
Inadequate-credit-quality and high credit risk. |
|
Date |
March 12, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term rating A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
March 12, 2014 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Pankaj Dixit |
|
Designation : |
Account Department |
|
Contact No.: |
91-755-4027500 |
|
Date : |
27.07.2015 |
LOCATIONS
|
Registered Office : |
Dhanshree Villa, Plot No. E-4/108, Arera Colony, Opposite Baghira
Apartment, Bhopal – 462016, Madhya Pradesh, India |
|
Tel. No. : |
91-755-4027500 |
|
Fax No. : |
91-755-4236738 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office 1: |
304, Tanishka, WE Highway, Kandivali (East), Mumbai – 400101, Maharashtra,
India |
|
|
|
|
Branch Office 2: |
403, Meridian Tower, Near Apple Hospital, Udan Darwaja, Surat – 395002, Gujarat, India |
|
|
|
|
Warehouse: |
Located at · Bhopal · Nagpur · Yavatmal · Chhattisgarh |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Anil Kumar Jain |
|
Designation : |
Managing director |
|
Address : |
SR/MIG Duplex, E7,435 Arera
Colony, Bhopal - 462001, Madhya Pradesh, India |
|
Date of Birth/Age : |
30.05.1957 |
|
Date of Appointment : |
13.10.2003 |
|
DIN No. : |
00162191 |
|
|
|
|
Name : |
Mrs. Kalpana Jain |
|
Designation : |
Director |
|
Address : |
SR/MIG Duplex, E7,435 Arera
Colony, Bhopal - 462001, Madhya Pradesh, India |
|
Date of Birth/Age : |
23.07.1963 |
|
Date of Appointment : |
13.10.2003 |
|
DIN No. : |
00162210 |
|
|
|
|
Name : |
Mrs. Nirmala Jain |
|
Designation : |
Director |
|
Address : |
SR/MIG Duplex, E7,435 Arera
Colony, Bhopal - 462001, Madhya Pradesh, India |
|
Date of Birth/Age : |
21.02.1962 |
|
Date of Appointment : |
13.10.2003 |
|
DIN No. : |
00162224 |
|
|
|
|
Name : |
Mr. Kapoor Chand
Jain |
|
Designation : |
Director |
|
Address : |
SR/MIG Duplex, E7,435 Arera
Colony, Bhopal - 462001, Madhya Pradesh, India |
|
Date of Birth/Age : |
15.08.1930 |
|
Date of Appointment : |
13.10.2003 |
|
DIN No. : |
00162242 |
|
|
|
|
Name : |
Mr. Ankit Jain |
|
Designation : |
Director |
|
Address : |
E - 7/435, M.I.G. Arera Colony, Bhopal –
462016, Madhya Pradesh India |
|
Date of Birth/Age : |
08.08.1989 |
|
Date of Appointment : |
10.08.2007 |
|
DIN No. : |
01717590 |
KEY EXECUTIVE
|
Name : |
Mr. Pankaj Dixit |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
K C Jain |
2700 |
|
Anil Jain |
132150 |
|
Kalpana Jain |
128700 |
|
Nirmala Jain |
6200 |
|
Ruchi Jain |
200 |
|
Neeraj Jain |
1500 |
|
Arvind Jain |
2500 |
|
Sunita Jain |
4000 |
|
Arun Jain (HUF) |
5000 |
|
Anil Jain (HUF) |
5000 |
|
Arvind Jain (HUF) |
5500 |
|
Andaz Mercantile Private Limited |
1500 |
|
Amber Enclave Private Limited |
500 |
|
Libra Dealcom Private Limited |
2000 |
|
Adarsh Commosales Private Limited |
500 |
|
Bestway Hire Purchase Private Limited |
1550 |
|
Jasmine Conclave Private Limited |
500 |
|
|
|
|
Total |
300000 |
As on 01.10.2014
|
Names of Allotteess |
No. of Shares |
|
Anil Jain |
12980 |
|
Kalpana Jain |
9370 |
|
Total |
22350 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20333929%2030-Jul-2015_files/image002.gif)
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of coal. |
|
|
|
|
Products : |
Not Available |
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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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|
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Imports : |
|
|
Products : |
Coal |
|
Countries : |
·
Indonesia ·
Australia ·
South Africa |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Advance Payment |
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|
|
|
Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
65 (Approximately) |
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Bankers : |
v Bank of Baroda T. T. Nagar, Bhopal - 462011, Madhya Pradesh, India v
State Bank of India, Commercial Branch, LHO
Complex, Hoshangabad, Bhopal – 462011, Madhya
Pradesh, India |
|||||||||||||||||||||
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|||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Jayant Kothari and Company Chartered Accountants |
|
Address : |
129 Malviya Nagar, Bhopal, Madhya Pradesh India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAAJ1234R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates / Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.100/- each |
Rs.35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
322350 |
Equity Shares |
Rs.100/- each |
Rs.32.235 Million |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.100/- each |
Rs.35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
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 |
30.000 |
30.000 |
16.150 |
|
(b) Reserves & Surplus |
238.372 |
222.299 |
150.065 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
37.837 |
|
Total
Shareholders’ Funds (1) + (2) |
268.372 |
252.299 |
204.052 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
48.910 |
43.181 |
1.088 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
1442.507 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
48.910 |
43.181 |
1443.595 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
369.944 |
279.763 |
60.753 |
|
(b) Trade payables |
739.612 |
1226.805 |
0.000 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
17.493 |
12.773 |
3.096 |
|
Total Current Liabilities (4) |
1127.049 |
1519.341 |
63.849 |
|
|
|
|
|
|
TOTAL |
1444.331 |
1814.821 |
1711.496 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
12.574 |
16.534 |
14.819 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.350 |
0.350 |
0.350 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
12.924 |
16.884 |
15.169 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
1.649 |
1.250 |
7.502 |
|
(b) Inventories |
596.025 |
431.989 |
0.000 |
|
(c) Trade receivables |
670.337 |
1055.046 |
707.598 |
|
(d) Cash and cash
equivalents |
134.986 |
271.170 |
653.700 |
|
(e) Short-term loans and
advances |
26.617 |
37.387 |
90.074 |
|
(f) Other current assets |
1.793 |
1.095 |
237.453 |
|
Total Current Assets |
1431.407 |
1797.937 |
1696.327 |
|
|
|
|
|
|
TOTAL |
1444.331 |
1814.821 |
1711.496 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
2423.210 |
2428.009 |
|
|
|
Other Income |
|
41.465 |
24.885 |
|
|
|
TOTAL |
NA |
2464.675 |
2452.894 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
1935.110 |
1764.133 |
|
|
|
Change in inventories of finished goods (including stock-in-trade) and
work-in-process |
|
(195.635) |
94.009 |
|
|
|
Employee benefit expenses |
|
25.892 |
21.959 |
|
|
|
Operation and Other Expenses |
|
564.216 |
483.559 |
|
|
|
TOTAL |
NA |
2329.583 |
2363.660 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
135.092 |
89.234 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
81.041 |
33.695 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
54.051 |
55.539 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
3.333 |
3.943 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
52.467 |
50.718 |
51.596 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
7.621 |
18.389 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
NA |
43.097 |
33.207 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
-- |
143.66 |
205.62 |
|
%20PRIVATE%20LIMITED%20-%20333929%2030-Jul-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20333929%2030-Jul-2015_files/image004.gif){kind=small}
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) |
(%) |
NA |
1.78 |
1.37 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
5.57 |
3.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.63 |
2.80 |
3.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.20 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.56 |
1.28 |
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.18 |
26.57 |
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 |
16.150 |
30.000 |
30.000 |
|
Reserves & Surplus |
150.065 |
222.299 |
238.372 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
37.837 |
0.000 |
0.000 |
|
Net
worth |
204.052 |
252.299 |
268.372 |
|
|
|
|
|
|
long-term borrowings |
1.088 |
43.181 |
48.910 |
|
Short term borrowings |
60.753 |
279.763 |
369.944 |
|
Total
borrowings |
61.841 |
322.944 |
418.854 |
|
Debt/Equity
ratio |
0.303 |
1.280 |
1.561 |
%20PRIVATE%20LIMITED%20-%20333929%2030-Jul-2015_files/image006.gif)
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
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 two 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 |
Yes |
|
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 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs. In Millions) |
31.03.2013 (Rs. In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
47.078 |
38.616 |
|
Other loans and advances |
0.000 |
1.505 |
|
|
|
|
|
Total |
47.078 |
40.121 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10255520 |
30/09/2014 * |
1,750,000,000.00 |
BANK OF BARODA |
TT NAGAR BRANCH, TT
NAGAR, BHOPAL, Madhya Pradesh - 462011, INDIA |
C31403330 |
* Date of charge modification
FIXED ASSETS
v Land
v Plant and Equipment
v Furniture and Fixtures
v Vehicles
v Office Equipment
v Computer Equipments
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.63.89 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
43 |
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.