MIRA INFORM REPORT

 

 

Report No. :

314762

Report Date :

30.03.2015

 

IDENTIFICATION DETAILS

 

Name :

VIDHYUT CONTROL (INDIA) PRIVATE LIMITED

 

 

Registered Office :

D-12, Sector – 17, Kavi Nagar Industrial Area, Ghaziabad – 201002, Uttar Pradesh

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

15.03.1996

 

 

Com. Reg. No.:

20-041041

 

 

Capital Investment / Paid-up Capital :

Rs. 4.770 Million

 

 

CIN No.:

[Company Identification No.]

U74899UP1996PTC041041

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

MRTV00136D

 

 

PAN No.:

[Permanent Account No.]

AAACV4403B

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturing and Exporting of Facilities such as  based Shearing machine and Bending machine, Powder Coating, Pre-Treatment, Pneumatic Tool etc and Electrical Control Panels, PCC, Panels, A/C Drive Panel

 

 

No. of Employees :

180 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (46)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is  an established company having satisfactory track record.

 

General financial position of  the company seems to be sound. Profitability of the company is fair.

 

Trade relationsa are fair. Business is active. Payments are reported to be usually correct.

 

The company can be considered 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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 

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 31-03-2014.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Dinesh Kumar Garg

Designation :

Chairman

Contact No.:

91-120-4261052

Date :

27.03.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

D-12 and 13, Sector – 17, Kavi Nagar Industrial Area, Ghaziabad – 201002, Uttar Pradesh, India

Tel. No.:

91-120-4261050/51/52

Fax No.:

91-120-4261053

E-Mail :

vcipl2000@gmail.com

Website :

http://www.vidhyutcontrol.com

Location :

Owned

 

 

DIRECTORS

 

AS ON 30.09.2014

 

Name :

Sanjeev Rai Agarwal

Designation :

Director

Address :

Flat No D-1042 and 1044, 10th Floor, Gaur Green Avenue, Abhay Khand II, Indrapuram, Ghaziabad, Uttar Pradesh, India

Qualification :

Graduation

Date of Appointment :

15.03.1996

PAN No.:

00627793

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

U29301UP1995PTC018241

SUPERLITE JOINTINGS PRIVATE LIMITED

Director

14/06/1995

14/06/1995

-

Active

NO

2

U74899UP1995PTC042110

GUJRAT PAPERS PRIVATE LIMITED

Director

21/12/1995

21/12/1995

-

Active

NO

3

U74899UP1996PTC041041

VIDHYUT CONTROL (INDIA) PRIVATE LIMITED

Director

15/03/1996

15/03/1996

-

Active

NO

4

U01119UP2005PTC042256

NOIDA FLORICULTURE PRIVATE LIMITED

Director

25/04/2005

25/04/2005

-

Active

NO

 

 

Name :

Vineet Rai Agarwal

Designation :

Director

Address :

Flat No D-1042 and 1044, 10th Floor, Gaur Green Avenue, Abhay Khand II, Indrapuram, Ghaziabad, Uttar Pradesh, India

Qualification :

Graduation

Date of Appointment :

15.09.2000

PAN No.:

00628088

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

U74899UP1995PTC042110

GUJRAT PAPERS PRIVATE LIMITED

Director

14/09/2000

14/09/2000

-

Active

NO

2

U29301UP1995PTC018241

SUPERLITE JOINTINGS PRIVATE LIMITED

Director

15/09/2000

15/09/2000

-

Active

NO

3

U74899UP1996PTC041041

VIDHYUT CONTROL (INDIA) PRIVATE LIMITED

Director

15/09/2000

15/09/2000

-

Active

NO

4

U01119UP2005PTC042256

NOIDA FLORICULTURE PRIVATE LIMITED

Director

30/09/2014

28/11/2006

-

Active

NO

 

 

Name :

Pawan Kumar Singhal

Designation :

Director

Address :

House No. C-84, Lohia Nagar, Ghaziabad, Uttar Pradesh, India

Qualification :

Graduation

Date of Appointment :

21.09.2007

PAN No.:

 01049935

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

U01119UP2005PTC042256

NOIDA FLORICULTURE PRIVATE LIMITED

Director

30/09/2014

28/11/2006

-

Active

NO

2

U74899UP1996PTC041041

VIDHYUT CONTROL (INDIA) PRIVATE LIMITED

Director

21/09/2007

21/09/2007

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Dinesh Kumar Garg

Designation :

Chairman

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 30.09.2014

 

Names of Shareholders

 

No. of Shares

Sanjeev Rai Aggarwal

 

500

Sadhna Agarwal

 

470

Alka Agarwal Family Trust

 

1390

Vineet Rai Aggarwal

 

9370

Charu Agarwal Family Trust

 

3350

Sanjeev Rai Aggarwal (on behalf of S.R. Agarwal and sons (HUF) being Karta)

 

520

Vineet Rai Aggarwal

 

1050

Sanjeev Rai Aggarwal (on behalf of J.R.  Agarwal Family Trust being Manager)

 

3750

Sanjeev Rai Aggarwal (on behalf of Satya Family Trust being Manager)

 

5100

Gujarat Paper Private Limited

 

9500

Varun Agarwal

 

5200

Noida Floriculture Private Limited

 

7500

Total

 

 

 

AS ON 30.09.2014

 

Equity Share Break up (Percentage of Total Equity)

 

Category

Percentage of Holding

Bodies corporate

36.00

Directors or relatives of Directors

64.00

Total

100.00

 

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturing and Exporting of Facilities such as  based Shearing machine and Bending machine, Powder Coating, Pre-Treatment, Pneumatic Tool etc and Electrical Control Panels, PCC, Panels, A/C Drive Panel

 

 

Products :
  • Bending machine
  • Powder Coating
  • Pre-Treatment
  • Pneumatic Tool
  • Electrical Control Panels
  • PCC, Panels
  • A/C Drive Panel

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :
  • Bending machine
  • Powder Coating
  • Pre-Treatment
  • Pneumatic Tool
  • Electrical Control Panels
  • PCC, Panels
  • A/C Drive Panel

Countries :
  • Europe
  • Asain Countries

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash, Cheque and Credit

 

 

Purchasing :

Cash, Cheque and Credit

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :
  • KRBL
  • Hero Honda
  • Honda
  • Suzuki Maruti
  • Minda
  • OCAP
  • OMAX
  • Yamaha
  • Jaypee
  • Kajaria
  • KCI
  • ABB
  • Areva
  • Pepsi
  • HUGHES
  • Nestle
  • Paras
  • Moser Bare

 

 

No. of Employees :

180 (Approximately)

 

 

Bankers :

Oriental Bank of Commerce, Branch Nasirpur, III-D-9,  Nehru Nagar, Ghaziabad – 201002, Uttar Pradesh, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

Oriental Bank of Commerce (Sercured against hypothecation of Machinery)

0.127

0.952

ICICI Bank Car Loan (Secured against hypothecation of Transformers)

0.159

0.695

Oriental Bank of Commerce (Secured against hypothecation of cars)

0.075

0.245

Oriental Bank of Commerce (Secured against hypothecation of Machinery)

1.585

0.000

SHORT TERM BORROWINGS

 

 

Oriental Bank of Commerce (Secured against hypothecation of Stock and Book-debts)

36.683

24.611

Term loan

2.712

4.346

Total

41.341

30.849

 

 

 

Auditors :

 

Name :

Anil Vaish and Company

Chartered Accountants

Address :

C-98, III Floor, RDC, Rajnagar, Ghaziabad – 201002, Uttar Pradesh, India

PAN No.:

AAVFA8212F

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Relatives of Key Management Personnel :
  • S.R. Agarwal and Sons
  • Alka Agarwal  Family Trust
  • Charu Agarwal Family Trust
  • J.R. Agarwal Family Trust
  • Satya Family Trust
  • V.T. Agarwal  and Sons

 

 

Associates Concerns :
  • Gujrat Paper (Private) Limited
  • Superlite Jointhings (Private) Limited
  • Sai Transport

 

 

CAPITAL STRUCTURE

 

AS ON 30.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

50000

Equity Shares

Rs. 100/- each

Rs. 5.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

47700

Equity Shares

Rs. 100/- each

Rs. 4.770 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

4.770

4.770

4.770

(b) Reserves & Surplus

31.344

27.795

26.329

(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)

36.114

32.565

31.099

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

27.622

24.714

20.562

(b) Deferred tax liabilities (Net)

0.571

0.550

0.742

(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)

28.193

25.264

21.304

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

39.395

28.957

30.635

(b) Trade payables

80.924

53.165

68.938

(c) Other current liabilities

13.977

6.060

5.836

(d) Short-term provisions

1.500

0.950

0.800

Total Current Liabilities (4)

135.795

89.132

106.209

 

 

 

 

TOTAL

200.102

146.961

158.612

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

28.698

26.546

27.438

(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

0.861

0.361

0.302

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

29.559

26.907

27.740

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

108.414

87.830

86.970

(c) Trade receivables

30.994

15.161

33.183

(d) Cash and cash equivalents

7.274

5.751

7.365

(e) Short-term loans and advances

23.861

11.312

3.354

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

170.543

120.054

130.872

 

 

 

 

TOTAL

200.102

146.961

158.612

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Income

318.325

167.824

195.795

 

 

Other Income

2.227

0.892

0.713

 

 

TOTAL                                     (A)

320.552

168.716

196.508

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

276.627

127.719

154.901

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(10.693)

0.295

(1.402)

 

 

Employees benefits expense

16.254

12.818

12.096

 

 

Other expenses

24.571

16.709

18.282

 

 

TOTAL                                     (B)

306.759

157.541

183.877

 

 

 

 

 

 

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

13.793

11.175

12.631

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

6.085

6.110

6.822

 

 

 

 

 

 

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

7.708

5.065

5.809

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

2.626

2.833

2.723

 

 

 

 

 

 

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

5.082

2.232

3.086

 

 

 

 

 

Less

TAX                                                                  (H)

1.534

0.766

0.943

 

 

 

 

 

 

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

3.548

1.466

2.143

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

74.40

30.74

44.94

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

 

31.03.2013

31.03.2012

 

 

 

 

 

Net Profit Margin

PAT / Sales

(%)
1.11

0.87

1.09

 

 
 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)
4.33

6.66

6.45

 

 
 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.54

1.52

1.95

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.14

0.07

0.10

 

 

 

 

 

Debt Equity Ratio

(Total Debts/Networth)

 

1.86

1.65

1.65

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.26

1.35

1.23

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Share Capital

4.770

4.770

4.770

Reserves & Surplus

26.329

27.795

31.344

Net worth

31.099

32.565

36.114

 

 

 

 

long-term borrowings

20.562

24.714

27.622

Short term borrowings

30.635

28.957

39.395

Total borrowings

51.197

53.671

67.017

Debt/Equity ratio

1.646

1.648

1.856

 

 

 

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)

Sales

195.795

167.824

318.325

 

 

(14.286)

89.678

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Sales

195.795

167.824

318.325

Profit

2.143

1.466

3.548

 

1.09%

0.87%

1.11%

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check List by Info Agents

Available in Report (Yes / No)

1]

Year of Establishment

Yes

2]

Locality of the firm

Yes

3]

Constitutions of the firm

Yes

4]

Premises details

No

5]

Type of Business

Yes

6]

Line of Business

Yes

7]

Promoter's background

Yes

8]

No. of employees

Yes

9]

Name of person contacted

Yes

10]

Designation of contact person

Yes

11]

Turnover of firm for last three years

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

-------

14]

Estimation for coming financial year

Yes

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

Yes

19]

Payments terms

Yes

20]

Export / Import details (if applicable)

Yes

21]

Market information

-------

22]

Litigations that the firm / promoter involved in

-------

23]

Banking Details

Yes

24]

Banking facility details

Yes

25]

Conduct of the banking account

--------

26]

Buyer visit details

-------

27]

Financials, if provided

Yes

28]

Incorporation details, if applicable

Yes

29]

Last accounts filed at ROC

Yes

30]

Major Shareholders, if available

Yes

31]

Date of Birth of Proprietor/Partner/Director, if available

Yes

32]

PAN of Proprietor/Partner/Director, if available

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

 

INDEX OF CHARGES

 

S.No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10516853

28/07/2014

5,000,000.00

Oriental Bank of Commerce

Branch Nasirpur, III-D-9, Nehru Nagar, Ghaziabad, 
Uttar Pradesh - 201001, INDIA

C18442574

2

10489014

15/04/2014

390,000.00

Oriental Bank Of Commerce

Oriental Bank Of Commerce, Nasirpur Branch, Nehru 
Nagar, Ghaziabad,

Uttar Pradesh - 201001, INDIA

C03418399

3

10309877

25/08/2011

3,000,000.00

Oriental Bank of Commerce

Branch Nasirpur, III-D-9, Nehru Nagar, Ghaziabad, 
Uttar Pradesh - 201002, INDIA

B22413090

4

10229746

16/06/2010

840,000.00

Oriental Bank Of Commerce

NasirPur, Nehru Nagar III, Ghaziabad,

Uttar Pradesh - 201001, INDIA

A90270190

5

10143044

20/01/2012 *

99,177,000.00

Oriental Bank of Commerce

Branch Nasirpur, D-9, IIIRD Nehru Nagar, Ghaziabad,

Uttar Pradesh - 201001, INDIA

B32564007

6

90038925

25/08/2011 *

69,390,000.00

Oriental Bank of Commerce

Branch Nasirpur, III-D-9, Nehru Nagar, Ghaziabad, 
Uttar Pradesh - 201001, INDIA

B22411623

7

90038921

24/12/2013 *

58,000,000.00

Oriental Bank of Commerce

Nasirpur Branch, Nehru Nagar, Ghaziabad,

Uttar Pradesh - 201001, INDIA

B94345733

8

90035371

17/09/1997 *

1,065,000.00

ORIENTAL BANK OF COMMERCE

WRIGHT GANJ, BAD FORM, GHAZIABAD,

 Uttar Pradesh, 
INDIA

-

9

90035084

19/02/1999

382,000.00

ORIENTAL BANK OF COMMERCE

WRIGHT GANJ, GHAZIABAD,

 Uttar Pradesh,

INDIA

-

10

90034290

18/09/2003 *

1,000,000.00

ORIENTAL BANK OF COMMERCE

NASIR PUR BRANCH, GHAZIABAD,

Uttar Pradesh,

INDIA

-

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULAR

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS

 

 

From Directors and Relatives

15.085

11.681

Form Shareholders

10.542

11.097

From Body Coroporate

0.049

0.044

 

 

 

Total

25.676

22.822

 

FIXED ASSETS

 

  • Land
  • Buildings
  • Plant ant Machinery
  • Generator
  • Tools and Implements
  • Computer
  • Scooter
  • Cycle
  • Printer

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. 62.61

UK Pound

1

Rs. 92.95

Euro

1

Rs. 68.15

 

 

INFORMATION DETAILS

 

Information Gathered by :

SAN

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

JYO

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILITY

1~10

5

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

5

--RESERVES

1~10

5

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

46

 

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.