MIRA INFORM REPORT
|
Report No. : |
326646 |
|
Report Date : |
10.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
BEKAERT MUKAND WIRE INDUSTRIES PRIVATE LIMITED (w.e.f. 19.05.2011) |
|
|
|
|
Formerly Known
As : |
MUKAND BEKAERT WIRE INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-21, Lonand
Industrial Area (MIDC), Lonand, Taluka Khandala, Satara - 415521, Maharashtra |
|
Tel. No.: |
91-20-66276600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.08.2007 |
|
|
|
|
Com. Reg. No.: |
11-130605 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2250.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104PN2007PTC130605 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEM12289E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM1972K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Stainless Steel Wires. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary company of Bekaert Combustion technology B.V.,
Netherlands. As per available financial of FY 14, the company has recorded
accumulated losses from its operations which has hampered the networth of the
company. Although the company has financial support from its holding company,
the continuous losses weaken the overall financial conditions of the company. However, trade relations are fair. Business is active. Payment terms
are reported as slow. 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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Pravin Gadhave |
|
Designation : |
-- |
|
Contact No.: |
91-9657260661 |
|
Date : |
08.06.2015 |
LOCATIONS
|
Registered Office : |
B-21, Lonand Industrial
Area (MIDC), Lonand, Taluka Khandala, Satara - 415521, Maharashtra, India |
|
Tel. No.: |
91-20-66276600 91-2169-304700 |
|
Mobile No.: |
91-9657260661 (Mr. Pravin Gadhave) |
|
Fax No.: |
91-20-66276601 91-2169-304718 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Factory |
Located at ·
Pune - 411021, Maharashtra, India |
|
|
|
|
Regional Office : |
Amar Paradigm, S. No.110/11/3, Baner Road, Baner, Pune – 411045,
Maharashtra, India |
|
Tel No.: |
91-20-66276600 |
|
Fax No.: |
91-20-66276601 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Bruno Rene Cluydts |
|
Designation : |
Director |
|
Address : |
Leieriggestraat 44, Gent, 9051, Belgium |
|
Date of Birth/Age : |
13.11.1960 |
|
Date of Appointment : |
15.11.2007 |
|
DIN No.: |
01741987 |
|
|
|
|
Name : |
Henri Jean Velge |
|
Designation : |
Director |
|
Address : |
Route Gouvernementale 75, Brussels, 1150, Belgium |
|
Date of Birth/Age : |
10.10.1956 |
|
Date of Appointment : |
15.11.2007 |
|
DIN No.: |
01792002 |
|
|
|
|
Name : |
Frank Camiel Jozef Vromant |
|
Designation : |
Additional director |
|
Address : |
Abdijweg, 30, Wevelgem, 000000, BELGIUM |
|
Date of Birth/Age : |
06.06.1960 |
|
Date of Appointment : |
22.01.2014 |
|
DIN No.: |
05140768 |
|
|
|
|
Name : |
Roopak Karnik |
|
Designation : |
Director |
|
Address : |
Plot No.2, Samrudhi Apats, Colony, Paud Road, Vanaz Police Station, Kothrud, Pune - 411032, Maharashtra, India |
|
Date of Birth/Age : |
11.08.1970 |
|
Date of Appointment : |
24.05.2013 |
|
DIN No.: |
06598937 |
KEY EXECUTIVES
|
Name : |
Mitil Kumar Birla |
|
Designation : |
Secretary |
|
Address : |
B-103, Lunkad Heritage II, Near Dutta Mandir, Viman Nagar, Pune - 411014, Maharashtra, India |
|
Date of Birth/Age : |
16.04.1979 |
|
Date of Appointment : |
25.08.2008 |
|
PAN No.: |
AJOPB2698G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Bekaert Industries Private Limited, India |
13000000 |
|
*Bekaert Combustion Technology B.V., Netherland |
264999999 |
|
Bekaert Investments NV, Belgium |
1 |
|
Total |
278000000 |
(*Name of company is changed due to merger of Bekaert Holding B.V. with Bekaert
Combustion Technology B.V. w.e.f. 31.08.2013)
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings (Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or
Overseas Corporate bodies or Others |
95.32 |
|
Other top fifty shareholders |
4.68 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Stainless Steel Wires. |
|
|
|
|
Products : |
Stainless Steel Wires |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
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Exports : |
-- |
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Imports : |
-- |
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|
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Terms : |
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|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountants |
|
Address : |
706, B Wing, ICC Trade Tower, Senapati Bapat Road, Pune, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4815A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company : |
Bekaert Combustion Technology B.V. Netherlands (erstwhile Bekaert Holding BV, Netherlands) |
|
|
|
|
Fellow Subsidiaries
and Associates : |
· Mukand Limited, India (Investing Company till 11 January, 2014) CIN No.: L99999MH1937PLC002726 · N V Bekaert SA, Beligium · Bekaert (China) Technology and Research and Development Co. Limited · Bekaert Corporation , USA · Bekaert Gmbh, Germany · Bekaert (Schweiz) AG · Bekaert A/S, Denmark · Bekaert Coordinatiecentrum N.V., Belgium · Bekaert Investments NV, Belgium · China Bekaert Steel Cord · Bekaert International Americas · Bekaert Management (Shanghai) Co. Limited · Bekaert Singapore Pte Limited · Bekaert Trade Mexico S De · Inchalam S.A. · Bekaert France S.A.S. · Bekaert Limited · Bekaert Svenska AB. · Prodac S.A. · Leon Bekeart S.P.A. · Bekaert Industries Private Limited CIN No.: U27104PN1996PTC102569 |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
278,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 2780.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
278,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 2780.000 Million |
AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
225000000 |
Equity Shares |
Rs.10/- each |
Rs. 2250.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
225000000 |
Equity Shares |
Rs.10/- each |
Rs. 2250.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2250.000 |
2250.000 |
1900.000 |
|
(b) Reserves & Surplus |
(1428.337) |
(1187.663) |
(874.200) |
|
(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) |
821.663 |
1062.337 |
1025.800 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
741.011 |
741.011 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
1.203 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.000 |
742.214 |
741.011 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
902.458 |
104.660 |
645.980 |
|
(b)
Trade payables |
219.904 |
159.532 |
188.589 |
|
(c)
Other current liabilities |
88.874 |
44.955 |
40.959 |
|
(d)
Short-term provisions |
3.076 |
2.702 |
3.739 |
|
Total
Current Liabilities (4) |
1214.312 |
311.849 |
879.267 |
|
|
|
|
|
|
TOTAL |
2035.975 |
2116.400 |
2646.078 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
984.578 |
940.014 |
984.821 |
|
(ii)
Intangible Assets |
0.000 |
0.637 |
1.487 |
|
(iii)
Capital work-in-progress |
107.532 |
44.098 |
3.719 |
|
(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 |
107.954 |
90.987 |
216.314 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1200.064 |
1075.736 |
1206.341 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
297.835 |
330.785 |
415.795 |
|
(c)
Trade receivables |
178.852 |
116.831 |
195.371 |
|
(d)
Cash and cash equivalents |
272.881 |
447.847 |
784.979 |
|
(e)
Short-term loans and advances |
83.875 |
134.453 |
42.626 |
|
(f)
Other current assets |
2.468 |
10.748 |
0.966 |
|
Total
Current Assets |
835.911 |
1040.664 |
1439.737 |
|
|
|
|
|
|
TOTAL |
2035.975 |
2116.400 |
2646.078 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
945.532 |
1057.941 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
1186.205 |
1371.405 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(240.673) |
(313.464) |
(401.391) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
(0.447) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(240.673) |
(313.464) |
(400.944) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
(1187.664) |
(874.200) |
(473.256) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1428.337) |
(1187.664) |
(874.200) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sales |
0.000 |
660.087 |
679.631 |
|
|
TOTAL EARNINGS |
0.000 |
660.087 |
679.631 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(1.07) |
(1.39) |
(2.11) |
|
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 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(12.48) |
(15.13) |
(15.19) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.29) |
(0.30) |
(0.39) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.10 |
0.80 |
1.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.69 |
3.34 |
1.64 |
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 |
1900.000 |
2250.000 |
2250.000 |
|
Reserves & Surplus |
(874.200) |
(1187.663) |
(1428.337) |
|
Money received against Share
Warrants |
0.000 |
0.000 |
0.000 |
|
Share Application Money
Pending Allotment |
0.000 |
0.000 |
0.000 |
|
Net
Worth |
1025.800 |
1062.337 |
821.663 |
|
|
|
|
|
|
Long-term Borrowings |
741.011 |
741.011 |
0.000 |
|
Short-term Borrowings |
645.980 |
104.660 |
902.458 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.000 |
0.000 |
0.000 |
|
Total
Borrowings |
1386.991 |
845.671 |
902.458 |
|
Debt/Equity
Ratio |
1.352 |
0.796 |
1.098 |
YEAR-ON-YEAR
GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1057.941 |
945.532 |
|
|
|
(10.625) |
NET
PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1057.941 |
945.532 |
|
Profit |
(313.464) |
(240.673) |
|
|
(29.63%) |
(25.45%) |
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 |
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 |
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 |
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: NO CHARGES
EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from others |
0.000 |
741.011 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from others |
459.811 |
0.000 |
|
Total |
459.811 |
741.011 |
CHANGE OF ADDRESS
The registered office of the company has been
shifted from Sai Trinity Building, Unit No 9 & 10, 5th Floor, Central Wing,
S. No. 146, Pashan, Pune – 411021, Maharashtra, India to the present address
w.e.f. 26.03.2012
CORPORATE
INFORMATION
Subject (Formerly known as Mukand Bekaert Wire Industries Private Limited) is a Private Limited Company incorporated in accordance with the laws of India. The name of the Company has been changed to Bekaert Mukand Wire Industries Private Limited on May 19, 2011 subsequent to Bekaert Holdings B.V., Netherlands becoming the holding company w.e.f. March 31, 2011.
CONTINGENT LIABILITIES
(TO THE EXTENT NOT PROVIDED FOR)
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
|
|
|
|
Guarantees issued by bank on behalf of the Company |
11.799 |
11.799 |
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Office equipment
· Computer equipments
Intangible Assets
· Computer software
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 records 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. 63.94 |
|
|
1 |
Rs. 98.27 |
|
Euro |
1 |
Rs. 72.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.