MIRA INFORM REPORT
|
Report No. : |
326134 |
|
Report Date : |
08.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
ZED VITRIFIED PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 76p1, 76p2 and 76p3, Near Coral Granito, B/H. Village Lalpar,
Taluka Morbi, Lalpar – 363642, Gujarat |
|
Mobile No.: |
91-9909494298 (Mr. Sandeep) |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.05.2010 |
|
|
|
|
Com. Reg. No.: |
04-060633 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 80.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26933GJ2010PTC060633 |
|
|
|
|
IEC No.: |
2410002081 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTZ00063A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACZ4201D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Vitrified Tiles. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
|
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|
|
Comments : |
Subject is an established company incorporated during the year 2010
engaged in the business as a manufacturer, exporter and importer of vitrified
tiles having moderate track record. The rating reflects company moderate financial risk profile marked by
low reserves level and thin profit margin of the company. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some caution. |
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 |
ICRA |
|
Rating |
Term Loan: “B+” |
|
Rating Explanation |
High risk of default. |
|
Date |
May, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Bank Guarantee: “A4” |
|
Rating Explanation |
Minimal degree of safety and carry very high credit risk. |
|
Date |
May, 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) 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. Sandeep |
|
Designation : |
Accounts Head |
|
Contact No.: |
91-9909494298 |
|
Date : |
05.06.2015 |
LOCATIONS
|
Registered Office : |
Survey No. 76p1, 76p2 and 76p3, Near Coral Granito, B/H. Village
Lalpar, Taluka Morbi, Lalpar – 363642, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9909494298 (Mr. Sandeep) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Karamshibhai Balubhai Patel |
|
Designation : |
Director |
|
Address : |
Umiyanagar Society, Sanala Road, Morbi – 363641, District Rajkot,
Gujarat, India |
|
Date of Birth/Age : |
07.12.1954 |
|
Date of Appointment : |
11.05.2010 |
|
DIN No.: |
03041512 |
|
|
|
|
Name : |
Mr. Dayalji Balubhai Patel |
|
Designation : |
Director |
|
Address : |
Umiyanagar Society, Sanala Road, Morbi – 363641, District Rajkot,
Gujarat, India |
|
Date of Birth/Age : |
01.01.1955 |
|
Date of Appointment : |
11.05.2010 |
|
DIN No.: |
03041529 |
|
|
|
|
Name : |
Mr. Ashokkumar Karamshibhai Ranpariya |
|
Designation : |
Director |
|
Address : |
Umiyanagar Society, Sanala Road, Morbi – 363641, District Rajkot,
Gujarat, India |
|
Date of Birth/Age : |
21.07.1979 |
|
Date of Appointment : |
11.05.2010 |
|
PAN No.: |
AFIPR3524H |
|
DIN No.: |
03041552 |
|
|
|
|
Name : |
Mr. Manish Laljibhai Patel |
|
Designation : |
Director |
|
Address : |
Umiyanagar Society, Near Yadunandan Society, Sanala Road, Morbi –
363641, District Rajkot, Gujarat, India |
|
Date of Birth/Age : |
24.09.1973 |
|
Date of Appointment : |
11.05.2010 |
|
PAN No.: |
AGMPP4857G |
|
DIN No.: |
03041568 |
|
|
|
|
Name : |
Mr. Maheshkumar Karamshibhai Rangpariya |
|
Designation : |
Director |
|
Address : |
Umiyanagar Society, Sanala Road, Morbi – 363641, District Rajkot,
Gujarat, India |
|
Date of Birth/Age : |
21.10.1982 |
|
Date of Appointment : |
11.05.2010 |
|
DIN No.: |
03041576 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Karamshibhai Balubhai Patel |
1799000 |
22.49 |
|
Dayaljibhai Balubhai Patel |
1808100 |
22.60 |
|
Ashokkumar Karamshibhai Rangpariya |
1308000 |
16.35 |
|
Laljibhai Nanjibhai Chhaniara |
172000 |
2.15 |
|
Manish Laljibhai Patel |
628000 |
7.85 |
|
Maheshkumar Karamshibhai Rangpariya |
1212000 |
15.15 |
|
Dhavalkumar Dayaljibhai Rangpariya |
591900 |
7.40 |
|
Naynaben Maheshbhai Rangpariya |
321000 |
4.01 |
|
Kiritibhai Narbherambhai Bhadja |
80000 |
1.00 |
|
Kanjibhai Mithabhai Merja |
80000 |
1.00 |
|
Total |
8000000 |
100.00 |
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 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Vitrified Tiles. |
|
|
|
|
Products : |
Vitrified Tiles |
|
|
|
|
Brand Names : |
-- |
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|
|
|
Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by management |
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Bankers : |
· State Bank of India, SME Branch, NH-8A, Opposite Omkar Petroleum, Taluka Morbi, Lalpar – 363642, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Nanalal P. Hadial Chartered Accountant |
|
Address : |
1st Floor, Shakti Complex, Near Dr. Rupala Hospital16, Savsar Plot |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHPH2014C |
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|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs. 101.500 Million
Issued, Subscribed & Paid-up Capital : Rs.
100.000 Million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8100000 |
Equity Shares |
Rs.10/- each |
Rs. 81.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs. 80.000
Millions |
|
|
|
|
|
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 |
80.000 |
80.000 |
80.000 |
|
(b) Reserves & Surplus |
19.285 |
12.000 |
3.944 |
|
(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) |
99.285 |
92.000 |
83.944 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
84.935 |
110.559 |
129.857 |
|
(b) Deferred tax liabilities (Net) |
1.913 |
1.669 |
0.987 |
|
(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) |
86.848 |
112.228 |
130.844 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
64.162 |
65.149 |
38.505 |
|
(b)
Trade payables |
45.519 |
43.879 |
42.890 |
|
(c)
Other current liabilities |
30.365 |
24.561 |
23.401 |
|
(d)
Short-term provisions |
6.881 |
3.057 |
5.789 |
|
Total
Current Liabilities (4) |
146.927 |
136.646 |
110.585 |
|
|
|
|
|
|
TOTAL |
333.060 |
340.874 |
325.373 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
149.177 |
164.766 |
171.888 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.022 |
0.029 |
2.216 |
|
Total
Non-Current Assets |
149.199 |
164.795 |
174.104 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
53.219 |
65.657 |
77.675 |
|
(c)
Trade receivables |
106.517 |
88.191 |
58.873 |
|
(d)
Cash and cash equivalents |
19.531 |
12.679 |
12.547 |
|
(e)
Short-term loans and advances |
0.788 |
0.516 |
0.369 |
|
(f)
Other current assets |
3.806 |
9.036 |
1.805 |
|
Total
Current Assets |
183.861 |
176.079 |
151.269 |
|
|
|
|
|
|
TOTAL |
333.060 |
340.874 |
325.373 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
442.319 |
451.141 |
381.837 |
|
|
|
Other Income |
1.003 |
0.683 |
0.360 |
|
|
|
TOTAL |
443.322 |
451.824 |
382.197 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
410.177 |
416.909 |
351.531 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.145 |
34.915 |
30.666 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22.648 |
23.188 |
24.575 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10.497 |
11.727 |
6.091 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.212 |
3.671 |
2.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) |
7.285 |
8.056 |
3.944 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Sales |
6.619 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
6.619 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.91 |
1.01 |
0.49 |
|
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.65 |
1.79 |
1.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.15 |
3.44 |
1.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.13 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.50 |
1.91 |
2.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.29 |
1.37 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT
EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
80.000 |
80.000 |
80.000 |
|
Reserves & Surplus |
3.944 |
12.000 |
19.285 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
83.944 |
92.000 |
99.285 |
|
|
|
|
|
|
Long-term borrowings |
129.857 |
110.559 |
84.935 |
|
Short term borrowings |
38.505 |
65.149 |
64.162 |
|
CURRENT MATURITIES OF LONG-TERM
DEBTS |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
168.362 |
175.708 |
149.097 |
|
Debt/Equity
ratio |
2.006 |
1.910 |
1.502 |
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) |
|
Sales |
381.837 |
451.141 |
442.319 |
|
|
|
18.150 |
(1.955) |
NET
PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
381.837 |
451.141 |
442.319 |
|
Profit |
3.944 |
8.056 |
7.285 |
|
|
1.03% |
1.79% |
1.65% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
|
|
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10248910 |
06/02/2015
* |
341,200,000.00 |
STATE
BANK OF INDIA |
LALPAR BRANCH,
TAL. MORBI, LALPAR, GUJARAT - 363642, INDIA |
C45322872 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
13.994 |
15.138 |
|
Loans and advances from others |
10.137 |
11.431 |
|
Total |
24.131 |
26.569 |
COMPANY’S PERFORMANCE
The Company has reported income from operation during the year of Rs. 442.319 Million as compared to the previous year’s income from operation of Rs. 451.141 Million. The Company has earned net profit of Rs. 7.285 Million as against previous year’s net Profit of Rs. 8.056 Million. With a view to conserve reserve, your Directors do not recommend any dividend for the financial year ended, 31 March, 2014.
FINANCE/ DEPOSITS
The Company has not accepted deposits which attract the provisions of Section 58A of the Companies Act, 1956 and Rules framed there under.
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Plantations
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. 63.90 |
|
|
1 |
Rs. 97.98 |
|
Euro |
1 |
Rs. 71.82 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.