MIRA INFORM REPORT
|
Report No. : |
327025 |
|
Report Date : |
13.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
CRODA INDIA COMPANY PRIVATE LIMITED (w.e.f 01.06.2013) |
|
|
|
|
Formerly Known
As : |
CRODA CHEMICALS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 1/1 Part, TTC Industrial Area, Thane Belapur Road,
Koparkhairne, Navi Mumbai – 400710, Maharashtra |
|
Tel No.: |
91-22-22658248 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.07.1995 |
|
|
|
|
Com. Reg. No.: |
11-117141 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1364.465 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1995PTC117141 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC11626G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC9212H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing and trading of speciality
chemicals servicing a range of industries. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 6782000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was set up in 1995, is a wholly owned subsidiary of Croda
International Plc, united Kingdom. Croda India manufacturer and markets
specialty chemical products in India. It has a fine track record. For the financial year ended 2014, the company has effective
operational performance and it has achieved the profitability margin of 12% The rating also factors the company’s sound net worth and comfortable
liquidity. The company will continue to receive need-based financial support
from Croda International over the medium term. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. In view of comfortable capital structure with healthy operating
profile, the company can be considered good for normal 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 |
CRISIL |
|
Rating |
Long term bank facilities A |
|
Rating Explanation |
Adequate degree of safety and carry low credit risk. |
|
Date |
May 25, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank facilities A1 |
|
Rating Explanation |
Very strong degree of safety and carry lowest credit risk. |
|
Date |
May 25, 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 DENIED BY
|
Name : |
Mr. Sunil Shah |
|
Designation : |
Director |
|
Contact No.: |
91-22-22658248 |
|
Date : |
12.06.2015 |
LOCATIONS
|
Registered Office : |
Plot No. 1/1 Part, TTC Industrial Area, Thane Belapur Road,
Koparkhairne, Navi Mumbai – 400710, Maharashtra, India |
|
Tel. No.: |
91-22-22658248 / 3094 8400 / 500 / 600 |
|
Fax No.: |
91-22-27780007 / 8 / 22622754 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Manufacturing
facility: |
Located At Thane |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Rupark Sarswat |
|
Designation : |
Managing director |
|
Address : |
C/ODR C V Sarswat House No. 11, Farm Society, 1 STS Colony,
Near Govt Collage Rajgarh Road, Solan – 173212, Himachal Pradesh, India |
|
Date of Birth/Age : |
19.02.192 |
|
Date of Appointment : |
26.09.2007 |
|
PAN No.: |
AVBPS4579G |
|
DIN No.: |
01667132 |
|
|
|
|
Name : |
Mr. Sunil kirit shah |
|
Designation : |
Director |
|
Address : |
21 A, Ocean Gold, Twin Towers Lane, Prabhadevi, Mumbai – 400025,
Maharashtra, India |
|
Date of Birth/Age : |
29.06.1956 |
|
Date of Appointment : |
24.10.1997 |
|
DIN No.: |
00594713 |
|
|
|
|
Name : |
Mr. David Edward Barraclough |
|
Designation : |
Director |
|
Address : |
Sandhill House, Market Weighton Road, Snction, York YO434RB, United
Kingdom |
|
Date of Birth/Age : |
04.08.1954 |
|
Date of Appointment : |
05.01.2007 |
|
DIN No.: |
01194947 |
|
|
|
|
Name : |
Mr. Ritesh Gordhandas Tanna |
|
Designation : |
Director |
|
Address : |
202 KIM Seng Road, 3 30-08, Singapore 239496 |
|
Date of Birth/Age : |
11.03.1974 |
|
Date of Appointment : |
22.01.2008 |
|
DIN No.: |
01937732 |
|
|
|
|
Name : |
Mr. Graham Lloyd Myers |
|
Designation : |
Director |
|
Address : |
7 Swan Close, Deighton York, Y0196HY United Kingdom |
|
Date of Birth/Age : |
12.04.1963 |
|
Date of Appointment : |
28.09.2010 |
|
DIN No.: |
03186157 |
|
|
|
|
Name : |
Mr. Murali Krishna Duvvuri |
|
Designation : |
Whole-time director |
|
Address : |
303, Suparashav Apartments Sarvodaya Nagar, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Date of Birth/Age : |
04.01.1973 |
|
Date of Appointment : |
30.03.2012 |
|
PAN No.: |
ABYPD6205H |
|
DIN No.: |
05209383 |
|
|
|
|
Name : |
Mr. Jayaraman Ramkumar |
|
Designation : |
Whole-time Director |
|
Address : |
C-201, Pinnacle, Vasant Oscar LBS Marg, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1969 |
|
Date of Appointment : |
12.11.2013 |
|
DIN No.: |
06719938 |
KEY EXECUTIVES
|
Name : |
Renu Apurva Dangi |
|
Designation : |
Secretary |
|
Address : |
G 6, 1 : 2 Sharayu Co-Operative Housing Society, Sector – 29, Vashi –
400703, Maharashtra, India |
|
Date of Birth/Age : |
25.04.1984 |
|
Date of Appointment : |
25.03.2011 |
|
PAN No.: |
APPPK6480A |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Kirit Shah |
|
10 |
|
Croda International PLC, England |
|
1446467 |
|
|
|
|
|
Total |
|
1446477 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Croda International PLC, England |
|
1350 |
|
|
|
|
|
Total |
|
1350 |
As on 29.09.2014
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 |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and trading of speciality
chemicals servicing a range of industries. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||
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Customers : |
|
||||||||||||||
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|
||||||||||||||
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No. of Employees : |
Not Divulged |
||||||||||||||
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|
|
||||||||||||||
|
Bankers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
-- |
|
Auditors : |
|
|
Name : |
Price Waterhouse and company Chartered Accountants |
|
Address : |
252,
Veer Savarkar Marg Shivaji Park, Dadar (West), Mumbai, Maharashtra, India |
|
PAN
No. : |
AADFP9359C |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company : |
v Croda
International Plc, U.K |
|
|
|
|
Subsidiary company
: |
v PT Croda Indonesia |
|
|
|
|
Fellow
Subsidiary company : |
v Croda Europe Limited v Croda Inc., U.S.A v Croda Singapore Pte. Limited v Croda Japan K.K. v Croda Trading (Shanghai) Company Limited v Croda
Hong Kong Company Limited v Croda Korea v Croda (SA) Pty. Limited v Croda Colombia v Crodarom SAS, France v Sederma SAS, France v Croda Australia v Croda (Thailand) Company Limited v Croda Do Brazil Ltda v Croda
Peruana S.A.C. |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1800000 |
Equity Shares |
Rs.10/- each |
Rs.18.000 Million |
|
2100 |
Preference Shares |
Rs. 1000000 /- each |
Rs.2100.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 2118.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1446477 |
Equity Shares |
Rs.10/- each |
Rs.14.465 Million |
|
1350 |
Preference Shares |
Rs. 1000000 /- each |
Rs.1350.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs.1364.465
Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
1364.465 |
2114.465 |
2114.465 |
|
(b) Reserves & Surplus |
1009.336 |
652.480 |
81.315 |
|
(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) |
2373.801 |
2766.945 |
2195.780 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.427 |
0.161 |
1.212 |
|
(d) long-term
provisions |
24.416 |
32.013 |
25.510 |
|
Total Non-current
Liabilities (3) |
24.843 |
32.174 |
26.722 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
324.250 |
266.353 |
287.706 |
|
(c) Other
current liabilities |
100.394 |
90.899 |
107.626 |
|
(d) Short-term
provisions |
3.556 |
5.662 |
6.335 |
|
Total Current
Liabilities (4) |
428.200 |
362.914 |
401.667 |
|
|
|
|
|
|
TOTAL |
2826.844 |
3162.033 |
2624.169 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1172.873 |
1192.882 |
1061.565 |
|
(ii)
Intangible Assets |
4.367 |
5.929 |
6.578 |
|
(iii) Capital
work-in-progress |
88.420 |
33.022 |
56.931 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
177.881 |
177.881 |
177.881 |
|
(c) Deferred tax assets (net) |
126.643 |
182.221 |
68.884 |
|
(d) Long-term Loan and Advances |
99.478 |
64.335 |
15.253 |
|
(e) Other
Non-current assets |
0.419 |
0.051 |
0.169 |
|
Total Non-Current
Assets |
1670.081 |
1656.321 |
1387.261 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
332.522 |
312.081 |
289.488 |
|
(c) Trade
receivables |
548.350 |
454.447 |
393.898 |
|
(d) Cash
and cash equivalents |
215.649 |
682.448 |
510.813 |
|
(e)
Short-term loans and advances |
59.378 |
54.555 |
38.504 |
|
(f) Other
current assets |
0.864 |
2.181 |
4.205 |
|
Total
Current Assets |
1156.763 |
1505.712 |
1236.908 |
|
|
|
|
|
|
TOTAL |
2826.844 |
3162.033 |
2624.169 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
2908.600 |
2690.900 |
2361.500 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2278.600 |
2032.100 |
1862.600 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
630.000 |
658.800 |
498.900 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.700 |
3.700 |
139.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
626.300 |
655.100 |
359.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
78.900 |
73.300 |
357.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
547.400 |
581.800 |
1.400 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
190.500 |
10.600 |
42.600 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
356.900 |
571.200 |
(41.200) |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
246.21 |
-- |
-- |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
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} |
(%) |
22.49 |
21.01 |
0.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.21 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.70 |
4.15 |
3.08 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
0.000 |
2114.465 |
1364.465 |
|
Reserves & Surplus |
81.315 |
652.480 |
1009.336 |
|
Net worth |
81.315 |
2766.945 |
2373.801 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
|
Total Income |
2361.500 |
2690.900 |
2908.600 |
|
|
|
13.949 |
8.090 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
2361.500 |
2690.900 |
2908.600 |
|
Profit |
(41.200) |
571.200 |
356.900 |
|
|
(1.74%) |
21.23% |
12.27% |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
22 |
Conduct of the banking account |
No |
|
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 |
No |
|
33 |
Market information |
No |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGED
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10525965 |
13/10/2014 |
11,000,000.00 |
The Hongkong and Shanghai Banking
Corporation Limited |
52/60,
Mahatma Gandhi Road, Fort, Mumbai, Maharashtra - 400001, INDIA |
C29691813 |
|
2 |
10113688 |
29/08/2013 * |
70,000,000.00 |
The Hongkong and Shanghai Banking
Corporation Limited |
52/60,
MAHATMA GANDHI ROAD, FORT, MUMBAI, Maharashtra - 400001, INDIA |
B85505675 |
|
3 |
10038762 |
27/03/2012 * |
50,000,000.00 |
Axis Bank Limited |
Axis House, Ground Floor, Bombay Dyeing
Mills Compound, P. B. Marg, Worli, Mumbai, Maharashtra - 400025, INDIA |
B37063401 |
* Date of charge modification
GENERAL
INFORMATION
Subject
(formerly known as Croda Chemicals (India) Private Limited) is a Company
incorporated under the Companies Act, 1956 and having its registered office and
manufacturing facility in Thane district in the state of Maharashtra. The
Company is engaged in manufacturing and trading of speciality chemicals
servicing a range of industries.
FIXED ASSETS
v Land
v Buildings
v Plant and equipment
v Furniture and fixtures
v Office equipment
v Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report : No
press reports / filings exists on the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.03 |
|
|
1 |
Rs.99.27 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
-- PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
51 |
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.