MIRA INFORM REPORT
|
Report No. : |
325427 |
|
Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
VASHI ELECTRICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A/6, Ganesh Compound, Dapole Road, Anjur-Mankoli Road, Gundavali, Bhiwandi
– 421305, Maharashtra |
|
Tel. No.: |
91-2522-661658 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.03.1991 |
|
|
|
|
Com. Reg. No.: |
11-060890 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 8.489 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31904MH1991PTC060890 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV03532E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV1496Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacture of Electro Magnet Brakes etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
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 |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Subject was incorporated in 1991. Subject is a manufacturer of electro
magnet brackets etc. The management has failed to file its financial record with government
department for the year 2014. As per available financial record of 2013, rating takes into
consideration healthy net worth and good liquidity position of the company. However, rating also takes into consideration company’s established
presence in the electrical equipment 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. In the view of extensive experience of promoters, 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 |
CRISIL |
|
Rating |
Long term Rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
27.01.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A2 |
|
Rating Explanation |
Strong degree of safety and low credit risk |
|
Date |
27.01.2015 |
RBI DEFAULTERS’ 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 DENIED BY
|
Name : |
Mr. Digvijay |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-2522-661658 |
|
Date : |
04.06.2015 |
LOCATIONS
|
Registered Office / Head Office
: |
A/6, Plot No.74, Shree Ganesh Complex, Behind Gupta Compound, Gundavli
Village, Dapode Road, Mankoli Naka, Bhiwandi, Thane - 421305, Maharashtra,
India |
|
Tel. No.: |
91-2522-661658 / 277343 |
|
Mobile No.: |
91-9820519364 (Mr. Suraj) |
|
Fax No.: |
91-2522-661634 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
120000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Sagar Ratan Industrial Estate, Plot No. D-265, MIDC, Turbhe, Navi
Mumbai -400705, Maharashtra, India. |
|
Tel. No.: |
91-22-67911445/6 |
|
Fax No.: |
91-22-27681977 |
|
Area : |
10000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Branch Offices : |
Also Located At
:
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Madan Baldev Dodeja |
|
Designation : |
Chairman |
|
Address : |
1401/B, 14th Floor, Vallencia, |
|
Date of Appointment : |
22.03.1991 |
|
DIN No.: |
00500942 |
|
|
|
|
Name : |
Mr. Mohan Baldev Dodeja |
|
Designation : |
Director |
|
Address : |
1401/B, 14th Floor, Vallencia, |
|
Date of Appointment : |
22.03.1991 |
|
DIN No.: |
00714822 |
|
|
|
|
Name : |
Mr. Suraj M. Dodeja |
|
Designation : |
Director |
|
Address : |
1401/B, 14th Floor, Vallencia, |
|
Date of Appointment : |
12.11.2005 |
|
DIN No.: |
00500961 |
|
|
|
|
Name : |
Mrs. Anita Mohan Dodeja |
|
Designation : |
Director |
|
Address : |
Valencia ‘B’ Wing, 14th floor, Hiranandani Gardens, Powai,
Mumbai – 400076, Maharashtra, India |
|
Date of Appointment : |
26.02.2002 |
|
DIN No.: |
01422776 |
|
|
|
|
Name : |
Mrs. Uma Madan Dodeja |
|
Designation : |
Director |
|
Address : |
|
|
Date of Appointment : |
26.02.2002 |
|
DIN No.: |
01422837 |
|
|
|
|
Name : |
Mr. Ameet Dodeja |
|
Designation : |
Director |
|
Address : |
1401/B, 14th Floor, Vallencia, |
|
Date of Birth/Age : |
04.06.1986 |
|
Date of Appointment : |
04.06.2010 |
|
DIN No.: |
02830952 |
KEY EXECUTIVES
|
Name : |
Mr. Digvijay |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Madan Dodeja |
|
7216 |
|
Mrs. Uma Madan Dodeja |
|
10611 |
|
Mr. Suraj Dodeja |
|
10611 |
|
Mr. Shweta Dodeja |
|
10611 |
|
Mr. Jatan Dodeja |
|
2971 |
|
Mr. Mohan Dodeja |
|
7216 |
|
Anita Dodeja |
|
10611 |
|
Mr. Ameet Dodeja |
|
10611 |
|
Preeti Dodeja |
|
10611 |
|
Mr. Pratik Dodeja |
|
2971 |
|
Ms. Kiran Nichani |
|
850 |
|
|
|
|
|
Total |
|
84890 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Electro Magnet Brakes etc. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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Customers : |
Not Divulged
|
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|
No. of Employees : |
Information declined by the management |
||||||||||||||||||
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||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
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|
||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Vinod S. Mehta and Company Chartered Accountant |
|
Address : |
114, Jolly Bhavan-1, 10 New Marine Lines, Mumbai - 400020,
Maharashtra, India. |
|
Tel. No.: |
91-22-66333501 / 02 / 03 / 04 |
|
Fax No.: |
91-22-66333506 |
|
E-Mail : |
|
|
PAN No.: |
AADFV0519Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associate (As on 31.03.2013) : |
|
|
|
|
|
Others (As on 31.03.2013) |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
84890 |
Equity Shares |
Rs.100/- each |
Rs. 8.489
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
8.489 |
8.489 |
8.489 |
|
(b) Reserves & Surplus |
577.791 |
487.876 |
395.245 |
|
(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) |
586.280 |
496.365 |
403.734 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
352.981 |
303.111 |
286.643 |
|
(b) Deferred tax liabilities (Net) |
2.470 |
2.892 |
3.058 |
|
(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) |
355.451 |
306.003 |
289.701 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
302.005 |
57.793 |
77.592 |
|
(b) Trade
payables |
127.889 |
103.932 |
86.623 |
|
(c) Other
current liabilities |
100.296 |
30.458 |
28.537 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
530.190 |
192.183 |
192.752 |
|
|
|
|
|
|
TOTAL |
1,471.921 |
994.551 |
886.187 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
97.494 |
75.305 |
74.701 |
|
(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 |
2.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
9.808 |
8.021 |
6.788 |
|
(e) Other
Non-current assets |
0.323 |
0.323 |
0.322 |
|
Total Non-Current
Assets |
109.625 |
83.649 |
81.811 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
476.470 |
331.665 |
228.051 |
|
(c) Trade
receivables |
806.545 |
561.357 |
506.453 |
|
(d) Cash
and cash equivalents |
64.097 |
8.689 |
10.175 |
|
(e)
Short-term loans and advances |
11.851 |
6.411 |
57.580 |
|
(f) Other
current assets |
3.333 |
2.780 |
2.117 |
|
Total
Current Assets |
1,362.296 |
910.902 |
804.376 |
|
|
|
|
|
|
TOTAL |
1,471.921 |
994.551 |
886.187 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2743.000 |
2139.100 |
1743.731 |
|
|
|
Other Income |
NA |
NA |
29.014 |
|
|
|
TOTAL |
NA |
NA |
1772.745 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
1632.939 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
134.698 |
138.245 |
139.806 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
45.278 |
45.614 |
46.061 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
89.420 |
92.631 |
93.745 |
|
|
|
|
|
|
|
|
|
Add/ Less: |
TAX ADJUSTMENT FOR
PREVIOUS |
0.000 |
0.000 |
0.065 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
438.876 |
346.245 |
252.435 |
|
|
|
|
|
|
|
|
|
Add |
PROFITS OF KIM
ASSCOCIATES |
0.494 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
428.790 |
438.876 |
346.245 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1053.36 |
NA |
NA |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
1.462 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.26 |
4.33 |
5.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.16 |
13.90 |
15.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.28 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12 |
0.73 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.57 |
4.74 |
4.17 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs. In
Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
8.489 |
8.489 |
8.489 |
|
Reserves & Surplus |
395.245 |
487.876 |
577.791 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
403.734 |
496.365 |
586.280 |
|
|
|
|
|
|
Long Term borrowings |
286.643 |
303.111 |
352.981 |
|
Short Term borrowings |
77.592 |
57.793 |
302.005 |
|
Total
borrowings |
364.235 |
360.904 |
654.986 |
|
Debt/Equity
ratio |
0.902 |
0.727 |
1.117 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
1,743.731 |
2,139.100 |
2,743.000 |
|
|
|
22.674 |
28.231 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
1,743.731 |
2,139.100 |
2,743.000 |
|
Profit |
93.745 |
92.631 |
89.420 |
|
|
5.38% |
4.33% |
3.26% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
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 |
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 |
No |
|
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 |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Million |
31.03.2012 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Loans and advances from directors |
174.934 |
136.207 |
|
Loans and advances from others |
172.698 |
166.904 |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
98.359 |
48.462 |
|
Total |
445.991 |
351.573 |
REVIEW OF
OPERATION (As on 31.03.2013):
During the year, the Company has attained Sales Turnover of Rs.2743.000 Million as against the turnover of Rs.2139.100 Million. The net profit for the year has been Rs.89.420 Million against Rs.92.631 Million during the previous financial year. The Directors are continuously looking for avenues for future growth of the Company.
During the year, the company has under taken following expansion activities as a measure of facilitating the future growth of the company:
1) The company started two new branches in Baroda and Bangalore.
2) The company has taken over two firms based in Bangalore namely KIM associates & Ranjitha Enterprises.
3) The company has made investment in M/s. Purva Vashi Electricals & Service Private Limited, a Kolkata based company, wherein the company holds 50% of the stake in the mentioned company.
INDEX
OF CHARGES
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10420447 |
20/05/2014 * |
400,000,000.00 |
State Bank Of India |
Eeh Branch, Sbi Building, 1st Floor, Plot No B-35, Road No 22, Wagle Circle, Wagle Industrial Estate,, Thane, Maharashtra - 400604, India |
C11127198 |
|
2 |
10296160 |
11/08/2010 |
75,000,000.00 |
Andhra Bank |
Andheri
-East Branch, 16,Saurabh Building,Andher |
B09483652 |
|
3 |
10298446 |
11/08/2010 |
75,000,000.00 |
Andhra Bank |
Andheri
-East Branch, 16,Saurabh Building,Andher |
B09504697 |
|
4 |
10027962 |
12/10/2006 |
3,000,000.00 |
Andhra Bank |
116 - Saurabh, Andheri - Kurla Road,, Andheri (East), Mumbai, Maharashtra - 400093, India |
A07377583 |
|
5 |
90165414 |
16/04/2001 * |
10,000,000.00 |
Andhara Bank |
Andheri East, Bombay, Maharashtra - 400093, India |
- |
*Date of modification Charges
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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. 64.18 |
|
UK Pound |
1 |
Rs. 98.30 |
|
Euro |
1 |
Rs. 72.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.