MIRA INFORM REPORT

 

 

Report No. :

326918

Report Date :

15.06.2015

 

IDENTIFICATION DETAILS

 

Name :

PODDAR GLOBAL LIMITED

 

 

Formerly Known As :

PODDAR DISTRIBUTORS PRIVATE LIMITED

 

 

Registered Office :

20, Engineers Enclave, 2nd Floor, Harsh Vihar Crossing, Pitampura, New Delhi – 110 034

Tel. No.:

91-11-27016534

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

07.02.1995

 

 

Com. Reg. No.:

55-065141

 

 

Capital Investment / Paid-up Capital :

Rs. 15.130 Million

 

 

CIN No.:

[Company Identification No.]

U74899DL1995PLC065141

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

DELP11122G

 

 

PAN No.:

[Permanent Account No.]

AAACP5222C

 

 

Legal Form :

A Closely Held Public Limited Liability Company

 

 

Line of Business :

Trader and Importer of Newsprint Paper.

 

 

No. of Employees :

100 (Approximately)

 

 

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 1170000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company incorporated as on 07.02.1995 engaged in the business as a trader and importer of Newsprint paper having satisfactory track record.

 

Profit margin of the company is low. However, net worth of the company is satisfactory. General financial position of the company is normal and acceptable for business dealing.

 

Trade relations are reported as fair. Business is active. Payments terms are reported to be usually correct and as per commitment.

 

The company can be considered normal for 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

India Rating

Rating

Long Term Issuer Rating (BBB-)

Rating Explanation

Moderate degree of safety and carry moderate credit risk.

Date

03.07.2014

 

Rating Agency Name

India Rating

Rating

Non-Fund Based Working Capital Limit (A2)

Rating Explanation

Strong degree of safety and carry very low credit risk.

Date

03.07.2014

 

 

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 PARTED BY (GENERAL DETAILS)

 

Name :

Ms. Monica

Designation :

General Manager

Contact No.:

91-11-27016534

Date :

12.06.2015

 

 

LOCATIONS

 

Registered / Head Office :

20, Engineers Enclave, 2nd Floor, Harsh Vihar Crossing, Pitampura, New Delhi – 110 034, India

Tel. No.:

91-11-27016534/ 27016535

Fax No.:

91-11-27016536/ 27016537

E-Mail :

pgl@vsnl.com

Website :

http://www.poddarglobal.in

Location :

Owned

                               Locality :

Commercial

 

 

Branch Office :

Located at:

 

·         Mumbai

·         Kolkata

·         Chennai

·         Hyderabad

·         Kerala

 

 

Warehouse :

Located at:

 

·         Delhi

·         Mumbai

·         Kolkata

·         Chennai

·         Cochin

 

 

Conversion Units :

Located at:

 

·         New Delhi

·         Mumbai

·         Kolkata

·         Chennai

 

 

 

 

 

 

DIRECTORS

 

AS ON: 30.09.2014

 

Name :

Mr. Sunil Kumar Poddar

Designation :

Director

Address :

2A/206, Rang Rasayan Apartment, Sector-13, Rohini, Delhi – 110 085, India

Date of Birth/Age :

14.04.1966

Qualification :

Graduate

Date of Appointment :

07.02.1995

PAN No.:

AALPP1954B

DIN No.:

00520623

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

U74899DL1995PLC065141

PODDAR GLOBAL LIMITED

Director

07/02/1995

07/02/1995

-

Active

NO

2

U72200DL2000PTC103103

GLOBAL ALLIANCE PRIVATE LIMITED

Director

05/01/2000

05/01/2000

-

Active

NO

3

U74140DL2010PTC202551

RKP SERVICES PRIVATE LIMITED

Director

12/05/2010

12/05/2010

-

Active

NO

4

U74900DL2010PTC203241

RKP GLOBAL PRIVATE LIMITED

Director

27/05/2010

27/05/2010

-

Active

NO

5

U51909DL1991PTC263159

PODDAR GLOBAL (KOLKATA) PRIVATE LIMITED

Director

01/08/2010

01/08/2010

-

Active

NO

6

U27109WB2001PTC094063

SREE PADMAVATHI IRON PRIVATE LIMITED

Director

01/08/2010

01/08/2010

-

Amalgamated

NO

 

 

Name :

Mr. Sandeepa Poddar

Designation :

Director

Address :

2A/206, Rang Rasayan Apartment, Sector-13, Rohini, Delhi – 110 085, India

Date of Birth/Age :

26.05.1969

Qualification :

Graduate

Date of Appointment :

07.02.1995

PAN No.:

AAIPP4190Q

DIN No.:

00486258

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

U74899DL1995PLC065141

PODDAR GLOBAL LIMITED

Director

07/02/1995

07/02/1995

-

Active

NO

2

U72200DL2000PTC103103

GLOBAL ALLIANCE PRIVATE LIMITED

Director

05/01/2000

05/01/2000

-

Active

NO

3

U74140DL2010PTC202551

RKP SERVICES PRIVATE LIMITED

Director

12/05/2010

12/05/2010

-

Active

NO

4

U74900DL2010PTC203241

RKP GLOBAL PRIVATE LIMITED

Director

27/05/2010

27/05/2010

-

Active

NO

5

U51909DL1991PTC263159

PODDAR GLOBAL (KOLKATA) PRIVATE LIMITED

Director

07/12/2011

07/12/2011

-

Active

NO

 

 

Name :

Mr. Jaiprakash Pran Mohan Jha

Designation :

Additional Director

Address :

20, Engineers Enclave, 1st Floor, Near Harsh Vihar Crossing, Pitampura, New Delhi – 110 034, India

Date of Birth/Age :

17.12.1962

Date of Appointment :

30.09.2013

DIN No.:

06569894

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

U74899DL1995PLC065141

PODDAR GLOBAL LIMITED

Director

30/09/2013

25/02/2013

-

Active

NO

2

U72200DL2000PTC103103

GLOBAL ALLIANCE PRIVATE LIMITED

Director

26/09/2013

26/02/2013

-

Active

NO

 

 

 

KEY EXECUTIVES

 

Name :

Sachin Kumar Agarwal

Designation :

Company Secretary

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON: 30.09.2014

 

Names of Shareholders

 

No. of Shares

Sunil Kumar Poddar

 

340000

Sandeepa Poddar

 

141000

Ratna Devi Poddar

 

1500

Sunil Kumar Poddar (HUF)

 

23500

RKP Services Private Limited, India

 

528500

Urvi Poddar Trust, India

 

20000

Master Umang Trust, India

 

100000

Multi Tree Limited, Central Hong Kong

 

100000

Crosby Development Limited, British Virgin Island

 

54680

Anchor Assets Limited, Bahamas

 

20239

A.R. Intl. (HK) Limited, Central Hong Kong

 

46600

Great Exports Limited, Central Hong Kong

 

131541

Muhammed Yaseer Abdul Jabbar, UAE

 

5411

Total

 

1512971

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON: 30.09.2014

 

Category

Percentage

Foreign holdings( Foreign institutional investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others

24.00

Bodies corporate

35.00

Directors or relatives of Directors

32.00

Other top fifty shareholders

9.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Trader and Importer of Newsprint Paper.

 

 

Products/Services :

Item Code No. (ITC Code)

48010000

Product Description

Paper Handling Services

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

 

Selling :

Cash and Cheque

 

 

Purchasing :

Cash and Cheque

 

PRODUCTION STATUS NOT AVAILABLE

 

 

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 :

Retailers and End Users

 

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 :

100 (Approximately)

 

 

Bankers :

Banker Name

Yes Bank Limited

Branch Address

9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai – 400 018, Maharashtra, 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

 
  • ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Baroda – 390 015, Gujarat, India

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

SHORT TERM BORROWING

 

 

Working capital loans from Banks-Collateral

226.962

225.940

Loans repayable on demand from Banks-FDR

103.192

11.253

 

 

 

Total

330.154

237.193

 

Financial Institution :

3i Infotech Trusteeship Services Limited, 3rd to 6th Floor, International Infotech Park, Tower No.5, Vashi Railway Station Complex, Vashi, Navi Mumbai – 400 703, Maharashtra, India

 

 

Auditors :

 

Name :

Agrawal Vinay and Associates

Chartered Accountants

Address :

114, M.J. Shopping Centre, 3, Veer Savarkar, Block, Shakarpur, Delhi – 110 092, India

Tel. No.:

91-11-42427530 / 22500530

PAN No.:

AAAPA2032L

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Sandy Limited, Hong Kong

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

2000000

Equity Shares

Rs.10/- each

Rs. 20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1512971

Equity Shares

Rs.10/- each

Rs.15.130 Million

 

 

 

 

 

After: 30.09.2014

 

Authorized Capital: Rs. 20.000 Million

 

Issued, Subscribed & Paid-up Capital: Rs. 16.383 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

15.130

15.076

15.076

(b) Reserves & Surplus

396.515

386.680

380.114

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

5.805

0.000

Total Shareholders’ Funds (1) + (2)

411.645

407.561

395.190

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

1.522

1.527

1.482

(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)

1.522

1.527

1.482

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

330.154

237.193

324.171

(b) Trade payables

1215.655

425.729

445.936

(c) Other current liabilities

9.764

17.386

8.952

(d) Short-term provisions

4.080

3.350

3.006

Total Current Liabilities (4)

1559.653

683.658

782.065

 

 

 

 

TOTAL

1972.820

1092.746

1178.737

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

287.875

286.863

291.356

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

113.313

31.247

1.350

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

11.270

11.270

20.023

(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

0.000

0.000

0.000

Total Non-Current Assets

412.458

329.380

312.729

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

724.077

227.239

308.056

(c) Trade receivables

506.067

357.059

280.492

(d) Cash and cash equivalents

235.348

116.814

137.278

(e) Short-term loans and advances

94.870

62.254

140.182

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

1560.362

763.366

866.008

 

 

 

 

TOTAL

1972.820

1092.746

1178.737

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Revenue from Operations

2679.403

1837.049

1462.036

 

Other Income

10.430

7.343

7.906

 

TOTAL (A)

2689.833

1844.392

1469.942

 

 

 

 

 

Less:

EXPENSES

 

 

 

 

Cost of Materials Consumed

2574.472

1760.739

1402.839

 

Employees benefits expense

15.977

13.117

12.120

 

Other expenses

79.430

52.409

40.037

 

TOTAL (B)

2669.879

1826.265

1454.996

 

 

 

 

 

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

19.954

18.127

14.946

 

 

 

 

 

Less:

FINANCIAL EXPENSES (D)

2.304

2.368

0.282

 

 

 

 

 

 

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

17.650

15.759

14.664

 

 

 

 

 

Less:

DEPRECIATION/ AMORTISATION (F)

6.391

5.799

6.216

 

 

 

 

 

 

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

11.259

9.960

8.448

 

 

 

 

 

Less:

TAX (H)

4.075

3.394

3.094

 

 

 

 

 

 

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

7.184

6.566

5.354

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

4.75

4.36

3.55

 

 

 

 

 

 

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)

(%)

0.27

0.36

0.37

 

 

 

 

 

Operating Profit Margin

(PBIDT/Sales)

(%)

0.74

0.99

1.02

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.61

0.95

0.73

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.03

0.02

0.02

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.80

0.58

0.82

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.00

1.12

1.11

 

 

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

15.076

15.076

15.130

Reserves & Surplus

380.114

386.680

396.515

 Share Application money pending allotment

0.000

5.805

0.000

Net worth

395.190

407.561

411.645

 

 

 

 

long-term borrowings

0.000

0.000

0.000

Short term borrowings

324.171

237.193

330.154

Total borrowings

324.171

237.193

330.154

Debt/Equity ratio

0.820

0.582

0.802

 

 

 

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)

Revenue from Operations

1462.036

1837.049

2679.403

 

 

25.650

45.854

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Revenue from Operations

1462.036

1837.049

2679.403

Profit

5.354

6.566

7.184

 

0.37%

0.36%

0.27%

 

 

 

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

Yes

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

Yes

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

OPERATION:

 

During the year, there have been significant improvements in the operating results of the company. Inspite of slowdown in economy and uncertainty in Forex exchange rates, we were able to Increase our profits before tax to Rs. 11.258 Million from last year profits of Rs.9.960 Million and profit after tax of Rs.7.183 Million during the year as against Rs. 6.565 Million in the corresponding year. The board is also hopeful to get encouraging result during the current year.

 

 

INDEX OF CHARGES:

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10232680

28/06/2012 *

130,000,000.00

YES BANK LIMITED

9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA, DR. 
ANNIE BESANT ROAD, WORLI, MUMBAI, MAHARASHTRA– 400018, INDIA

B44460707

2

10206744

31/12/2012 *

300,000,000.00

ICICI BANK LIMITED

LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA

B68755321

 

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. 64.03

UK Pound

1

Rs. 99.27

Euro

1

Rs. 71.90

 

 

INFORMATION DETAILS

 

Information Gathered by :

MNU

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

THR

 

 

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

4

--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

 

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.