MIRA INFORM REPORT

 

 

Report No. :

324799

Report Date :

03.06.2015

 

IDENTIFICATION DETAILS

 

Name :

ALFA ICA (INDIA) LIMITED

 

 

Registered Office :

1-4, Uma Industrial Estate, Village Vasana – Lyawa, Taluka Sanand, District Ahmedabad – 380 006, Gujarat

Tel. No.:

91-79-23774206

 

 

Country :

India

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

11.12.1991

 

 

Com. Reg. No.:

04-016763

 

 

Capital Investment / Paid-up Capital :

Rs.40.400 Million

 

 

CIN No.:

[Company Identification No.]

l20100gj1991plc016763

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

ahma03990A

 

 

PAN No.:

[Permanent Account No.]

aabca2800Q

 

 

Legal Form :

A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.

 

 

Line of Business :

Manufacturing  of Laminate

 

 

No. of Employees :

Information declined by the management 

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (47)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 300000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is established company incorporated in the year of 1991 and it is having a satisfactory record.

 

During a year 2013-2014, company has achieve Rs. 580.000 Million sales turnover and profitability margin stood at 1.22% backed by debt to equity at 0.36 times.

 

Rating take consideration on company established track record of its business operation and extensive experienced of its promoters.

 

However, trade relations are fair. Business is active. Payments terms are reported to be usually correct.

 

In view of decent operation backed by its experience promoters, the company can be considered for the 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.

 

 

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 31-03-2014.

 

INFORMATION DENIED

 

MANAGEMENT NON CO-OPERATIVE (91-79-26754030)

 

LOCATIONS

 

Registered Office :

1-4, Uma Industrial Estate, Village Vasana – Lyawa, Taluka Sanand, District Ahmedabad – 380 006, Gujarat, India

Tel. No.:

91-79-23774206/23774134/23774135 

Fax No.:

91-79-23774134 

E-Mail :

info@alfaico.com

Website :

www.alfaica.com

 

 

Factory 1 :

249/ A, Uma Industrial Estate, Village Vasana - Lyawa, Taluka Sanand, District Ahmedabad – 380 006, Gujarat, India

 

 

Factory 2 :

204-205, Uma industrial Estate, Village Vasana – Lyawa, Taluka Sanand, Ahmedabad, Gujarat, India

 

 

Corporate Office :

Alfa Pallazzo, Near Shivranjani Cross Road, Satellite Road, Ahmedabad – 380 015, Gujarat, India

Tel. No.:

91-79-26754030 / 26754031

Fax No.:

91-79-26754040 

E-Mail :

info@alfaica.com

alfaica@icenet.net  

rt@alfaica.com

 

 

DIRECTORS

 

AS ON 31.03.2014

 

Name :

Mr. Shyam Sunder Tibrewal

Designation :

Chairman cum Director    

Address :

1 Sanidhya Bunglow, Near Nishant Vibhag – 1, 135 Ft. Ring Road, Satellite, Ahmedabad – 380015, Gujarat, India

Date of Birth/Age :

01.07.1952

Qualification :

B.Com

Experience :

25 Years

Date of Appointment :

31.07.2008

DIN No.:

00500621

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U17119GJ1985PTC007658

SVAR SYNTHETICS PRIVATE LIMITED

Director

01-12-2002

01-12-2002

-

Active

NO

2

U25202GJ2004PTC043769

MAYUR WOVENS PRIVATE LIMITED

Director

11-03-2004

11-03-2004

-

Active

NO

3

L20100GJ1991PLC016763

ALFA ICA (INDIA) LIMITED

Director

31-07-2008

31-07-2008

-

Active

NO

 

 

Name :

Ms. Pooja Tikmani

Designation :

Director

Date of Birth/Age :

12.01.1980

Qualification :

B.E.

Experience :

12 Years

Date of Appointment :

23.09.2014

DIN No.:

06944249

 

 

Name :

Mr. Sanjeev Sharma

Designation :

Director

Date of Birth/Age :

14/06/1958

Qualification :

B.Sc., LL.B, C.A. IIB, P.G.D.B.M

Experience :

18 Years

Date of Appointment :

23.09.2014

DIN No.:

00835187

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U74140GJ1993PTC019279

QUANTUM BANKING RESOURCE CENTRE PRIVATE LIMITED

Whole-time director

13-04-1993

13-04-1993

-

Active

NO

2

L20100GJ1991PLC016763

ALFA ICA (INDIA) LIMITED

Director

23-09-2014

26-07-2004

-

Active

NO

 

Name :

Mr. Rajendra Tikmani

Address:

Managing Director    

Designation :

3 Navyug Society, Ambewadi, Ahmedabad – 380015, Gujarat, India, India

Date of Birth/Age :

02.10.1948

Date of Appointment :

11.12.1991

DIN No.:

00333842

Other Directorship:

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U45201GJ1987PTC010019

AMRUT GOYAL DEVELOPERS PRIVATE LIMITED

Managing director

25-09-1987

25-09-1987

-

Under liquidation

NO

2

L20100GJ1991PLC016763

ALFA ICA (INDIA) LIMITED

Managing director

11-12-1991

11-12-1991

-

Active

NO

3

U74999GJ1995PLC024160

CHOW CHOON ALFA LIMITED

Managing director

10-01-1995

10-01-1995

-

Under liquidation

NO

4

U74140GJ1993PTC019279

QUANTUM BANKING RESOURCE CENTRE PRIVATE LIMITED

Director

31-03-1995

31-03-1995

-

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 31.03.2015

 

Category of Shareholder

Total No. of Shares

Total Shareholding as a % of Total No. of Shares

As a % of (A+B+C)

(A) Shareholding of Promoter and Promoter Group

http://www.bseindia.com/include/images/clear.gif(1) Indian

 

 

http://www.bseindia.com/include/images/clear.gifIndividuals / Hindu Undivided Family

999576

24.74

http://www.bseindia.com/include/images/clear.gifAny Others (Specify)

604633

14.97

http://www.bseindia.com/include/images/clear.gifDirectors/Promoters & their Relatives & Friends

604633

14.97

http://www.bseindia.com/include/images/clear.gifSub Total

1604209

39.71

http://www.bseindia.com/include/images/clear.gif(2) Foreign

 

 

Total shareholding of Promoter and Promoter Group (A)

1604209

39.71

(B) Public Shareholding

http://www.bseindia.com/include/images/clear.gif(1) Institutions

 

 

http://www.bseindia.com/include/images/clear.gifFinancial Institutions / Banks

2100

0.05

http://www.bseindia.com/include/images/clear.gifSub Total

2100

0.05

http://www.bseindia.com/include/images/clear.gif(2) Non-Institutions

 

 

http://www.bseindia.com/include/images/clear.gifBodies Corporate

409738

10.14

http://www.bseindia.com/include/images/clear.gifIndividuals

 

 

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital up to Rs.0.100 Million

1037256

25.67

http://www.bseindia.com/include/images/clear.gifIndividual shareholders holding nominal share capital in excess of Rs. 0.100 Million

974015

24.11

http://www.bseindia.com/include/images/clear.gifAny Others (Specify)

12682

0.31

http://www.bseindia.com/include/images/clear.gifHindu Undivided Families

12343

0.31

http://www.bseindia.com/include/images/clear.gifNon Resident Indians

339

0.01

http://www.bseindia.com/include/images/clear.gifSub Total

2433691

60.24

Total Public shareholding (B)

2435791

60.29

Total (A)+(B)

4040000

100.00

(C) Shares held by Custodians and against which Depository Receipts have been issued

0

0.00

http://www.bseindia.com/include/images/clear.gif(1) Promoter and Promoter Group

0

0.00

http://www.bseindia.com/include/images/clear.gif(2) Public

0

0.00

http://www.bseindia.com/include/images/clear.gifSub Total

0

0.00

Total (A)+(B)+(C)

4040000

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing  of Laminate

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

PRODUCTION STATUS NOT AVAIALBLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

Information declined by the management 

 

 

Bankers :

Banker Name

State Bank of India

Branch Address

Overseas Branch, Ahmedabad, Gujarat, India

Person Name (With Designation)

Not Divulged

Contact Number

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2015

As on

31.03.2014

SHORT TERM BORROWING

 

 

Cash Credit from Banks

NA

40.534

Packing Credit From Banks

NA

0.000

Total

NA

40.534

 

Notes:

 

All secured loans are secured by hypothecation of all present and future goods, book debts and other movable assets and equitable mortgage of immovable properties & personal guarantee of promoter Directors.

 

Auditors :

 

Name :

O P Bhandari and Company

Chartered Accountants 

Address :

30 Omkar House, Nera Swastik Char Rasta, C. G. Road, navrungpura, Ahmedabad – 380009, Gujarat, India

PAN No.:

AAAFO6762H

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates Concern:
  • Tikmani Corporation
  • Rajendra Enterprises 

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2015        

 

Authorised Capital :                                  Not Available

 

Issued, Subscribed & Paid-up Capital :  Rs. 40.400 Million

 

AS ON 31.03.2014

 

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

 

 

 

 

4040000

Equity Shares

Rs.10/- each

Rs.40.400 Million

 

 

 

 

 

 

Reconciliation of shares:

 

Equity Shares

Number of Shares

Opening Share Capital

4040000

Less: Redemption of Preference Shares

-

Closing Share Capital

4040000

 

 

List of Share Holders Having 5% or More Shares:

 

Name of Shareholder

Number of Shares

% holding

Equity Shares

 

 

Rajendra Tikmani

218025

5.40

 

Rishi Tikmani

208800

5.17

Rajendra Hemraj Tikmani (HUF)

999576

24.74

 

Haresh Mehta

252400

6.25

Vasant Rana

230000

5.69

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2015

31.03.2014

31.03.2013

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

40.400

40.400

40.400

(b) Reserves & Surplus

65.791

70.507

63.404

(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)

106.191

110.907

103.804

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

7.666

8.895

11.110

(c) Other long term liabilities

93.333

59.448

53.833

(d) long-term provisions

0.000

0.000

0.000

Total Non-current Liabilities (3)

100.999

68.343

64.943

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

34.624

40.534

60.514

(b) Trade payables

35.237

66.443

57.655

(c) Other current liabilities

1.934

1.748

1.748

(d) Short-term provisions

5.189

5.106

4.960

Total Current Liabilities (4)

76.984

113.831

124.877

 

 

 

 

TOTAL

284.174

293.081

293.624

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

74.221

78.670

82.511

(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)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

1.518

1.491

1.598

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

75.739

80.161

84.109

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

142.144

133.194

123.320

(c) Trade receivables

42.478

54.435

63.571

(d) Cash and cash equivalents

2.021

0.284

0.241

(e) Short-term loans and advances

21.792

25.007

22.383

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

208.435

212.920

209.515

 

 

 

 

TOTAL

284.174

293.081

293.624

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2015

31.03.2014

31.03.2013

 

SALES

 

 

 

 

Income

96.958

578.404

570.177

 

Other Income

0.260

2.194

0.666

 

TOTAL (A)

97.218

580.598

570.843

 

 

 

 

 

Less

EXPENSES

 

 

 

 

Cost of Materials Consumed

49.679

452.343

413.456

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(1.564)

(23.141)

9.161

 

Employees benefits expense

1.906

6.652

6.036

 

Other expenses

43.378

111.957

107.820

 

TOTAL (B)

93.399

547.811

536.473

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C)

3.819

32.787

34.370

 

 

 

 

 

Less

FINANCIAL EXPENSES (D)

3.100

11.760

15.091

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)

0.719

21.027

19.279

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION (F)

0.907

11.035

10.537

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX (E-F)   (G)

(0.188)

9.992

8.742

 

 

 

 

 

Less

TAX (H)

(0.240)

2.890

3.725

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX  (G-H)   (I)

0.052

7.102

5.017

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

0.01

1.76

1.24

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2015

31.03.2014

31.03.2013

Current Maturities of Long term debt

NA

NA

NA

Cash generated from operations

NA

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2015

31.03.2014

31.03.2013

Net Profit Margin

(PAT / Sales)

(%)

0.05

1.23

0.88

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

3.94

5.67

6.03

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

(0.07)

3.41

2.98

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.00

0.09

0.08

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.33

0.37

0.58

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

2.71

1.87

1.68

 

 

STOCK PRICES

 

Face Value

Rs. 10

Market Value

Rs.18.50

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

40.400

40.400

40.400

Reserves & Surplus

63.404

70.507

65.791

Net worth

103.804

110.907

106.191

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

60.514

40.534

34.624

Total borrowings

60.514

40.534

34.624

Debt/Equity ratio

0.583

0.365

0.326

 

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

570.177

578.404

96.958

 

 

1.443

(83.237)

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

31.03.2015

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Sales

570.177

578.404

96.958

Profit

5.017

7.102

0.052

 

0.88%

1.23%

0.05%

 

 

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

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

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 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

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

90103434

29/11/2007 *

150,000,000.00

STATE BANK OF INDIA

MCLAU, 4TH FLOOR, LHO BUILDING, BHADRA, AHMEDABAD, GUJARAT - 380001, INDIA

A28120426

 

* Date of charge modification

 

FIXED ASSETS

 

 

 

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.63.83

UK Pound

1

Rs.97.10

Euro

1

Rs.69.74

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

GTA

 

 

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

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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

47

 

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

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.