MIRA INFORM REPORT
|
Report No. : |
321474 |
|
Report Date : |
07.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
JSK INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
9 A K Naik Marg, Near Empire Cinema, CST (VT), Mumbai 400001,
Maharashtra |
|
Tel. No.: |
91-22-66550777 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.09.2005 |
|
|
|
|
Com. Reg. No.: |
11-156332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 146.515 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2005PTC156332 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMJ11408F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCJ5937F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing, Trader, Exporter and Imports of Aluminium
Products and Conductors. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy operational risk profile marked
by adequate liquidity position and sound profitability levels of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. 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 – 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based facilities [TL] = A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
March 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non-fund based facilities [LC] = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
March 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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Kamlesh Pandya |
|
Designation : |
Senior Manager Finance |
|
Contact No.: |
91-22-66550777 |
|
Date : |
07.05.2015 |
LOCATIONS
|
Registered Office : |
9 A.K. Naik Marg, Near Empire Cinema, CST (VT), Mumbai - 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-66550777/ 66253700 |
|
Mobile No.: |
91-9323283245 [Mr. Anish Shah] |
|
Fax No.: |
91-22-66550780 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
Factory 1 : |
Survey No. 369/1/2, Behind Siyaram Silk Mills Limited, Village Sayli,
Silvassa-396230, Dadra and Nagar Haveli, U.T. India |
|
|
|
|
Factory 2 : |
Survey No. 126/1, Near Rakholi School, Rakholi, Silvassa - 396240,
Dadra and Nagar Haveli, U.T. India |
|
|
|
|
Branch Office : |
002, Kanchandeep, Satellite Road, Nehrunagar, Ahmedabad -
380015, Gujarat, India |
|
Tel. No.: |
91-79-26302658/ 65423222 |
|
Fax No.: |
91-79-26303183 |
|
E-Mail : |
DIRECTORS
AS ON 05.09.2014
|
Name : |
Mr. Anish Dineshchandra Shah |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
303, Chandanbala RR Thakkar Marg, Opposite Ridge Road, Mumbai –
400006, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.11.1976 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2005 |
|||||||||||||||||||||||||||
|
PAN No.: |
AAHPS8002P |
|||||||||||||||||||||||||||
|
DIN No.: |
00466560 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Kalpesh Dineshchandra Shah |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
303/A-Wing, Chandanbala Apartment RR Thakkar Marg, Walkeshwar, Mumbai
– 400006, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
21.02.1975 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
29.09.2005 |
|||||||||||||||||||||||||||
|
PAN No.: |
ALCPS8039E |
|||||||||||||||||||||||||||
|
DIN No.: |
01546268 |
|||||||||||||||||||||||||||
|
Other Directorship :
|
||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Kamlesh Pandya |
|
Designation : |
Senior Manager Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 05.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sunandaben D. Shah |
|
700000 |
|
Kalpesh D. Shah |
|
288980 |
|
Kalpesh D. Shah HUF |
|
840000 |
|
Keval K. Shah |
|
980000 |
|
Anish D. Shah |
|
848980 |
|
Anish D. Shah HUF |
|
1260000 |
|
Hetal A. Shah |
|
1260000 |
|
Prayagchand Ashok Kumar Private Limited, India |
|
2850090 |
|
Eklavya Management Services Private Limited, India |
|
2817733 |
|
Purak Trading Private Limited, India |
|
2805743 |
|
TOTAL |
|
14651526 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
57.87 |
|
Directors or relatives of Directors |
27.76 |
|
Other |
14.37 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing, Trader, Exporter and Imports of Aluminium
Products and Conductors. |
||||
|
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|
||||
|
Products / Service : |
|
||||
|
|
|
||||
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Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
Not Divulged |
||||
|
|
|
||||
|
Imports : |
Not Divulged |
||||
|
|
|
||||
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
·
Power Grid Corporation of India Limited
(PGCIL) ·
Larsen and Toubro Limited (L&T) ·
Gujarat Energy Transmission Corporation
Limited (GETCO) ·
Pentak General Trading LLC, Dubai ·
Madhya Gujarat Vij Co. Limited (MGVCL)
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · State Bank of India, Commercial Branch, N.G.N. Vaidya Marg, Horniman Circle, Fort, Mumbai - 400023, Maharashtra, India · State Bank of India, N. G. N. Viadya Narg, Horniman Circle, Fort, Mumbai – 400001, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India · State Bank of Patiala, Commercial Branch, Atalanta, First Floor, Nariman Point, Mumbai – 400021, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
MZSK and Associates Chartered Accountants |
|
Address : |
The Rubby Level-9, North West Wing, Senapati Bapat Marg,
Dadar (West), Mumbai – 400023, Maharashtra, India |
|
PAN No.: |
AAKFM2006L |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14651526 |
Equity Shares |
Rs.10/- each |
Rs. 146.515
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 |
146.515 |
146.515 |
146.515 |
|
(b) Reserves & Surplus |
1161.660 |
1030.590 |
859.120 |
|
(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) |
1308.175 |
1177.105 |
1005.635 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
210.745 |
282.910 |
338.224 |
|
(b) Deferred tax liabilities (Net) |
66.738 |
59.148 |
54.988 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
2.575 |
2.390 |
1.822 |
|
Total Non-current
Liabilities (3) |
280.058 |
344.448 |
395.034 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
707.017 |
183.926 |
109.185 |
|
(b) Trade
payables |
1291.855 |
1829.389 |
1644.629 |
|
(c) Other
current liabilities |
112.793 |
72.235 |
74.519 |
|
(d) Short-term
provisions |
31.346 |
3.158 |
10.463 |
|
Total Current
Liabilities (4) |
2143.011 |
2088.708 |
1838.796 |
|
|
|
|
|
|
TOTAL |
3731.244 |
3610.261 |
3239.465 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
688.687 |
716.866 |
726.313 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
4.125 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.309 |
0.309 |
3.309 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
55.723 |
37.899 |
40.297 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
748.844 |
755.074 |
769.919 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
987.689 |
1128.438 |
845.396 |
|
(c) Trade
receivables |
1120.429 |
1017.198 |
776.020 |
|
(d) Cash
and cash equivalents |
269.307 |
348.177 |
357.099 |
|
(e)
Short-term loans and advances |
578.943 |
337.659 |
467.594 |
|
(f) Other
current assets |
26.032 |
23.715 |
23.437 |
|
Total
Current Assets |
2982.400 |
2855.187 |
2469.546 |
|
|
|
|
|
|
TOTAL |
3731.244 |
3610.261 |
3239.465 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
7670.014 |
8249.153 |
8168.088 |
|
|
|
Other Income |
33.958 |
52.597 |
99.422 |
|
|
|
TOTAL |
7703.972 |
8301.750 |
8267.510 |
|
|
|
|
|
|
|
|
Less |
EXPENSES TOTAL |
7263.884 |
7807.328 |
7773.192 |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
440.088 |
494.422 |
494.318 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
159.945 |
203.056 |
283.658 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
280.143 |
291.366 |
210.660 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
47.647 |
45.073 |
22.517 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
232.496 |
246.293 |
188.143 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
101.427 |
74.823 |
41.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
131.069 |
171.470 |
147.001 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
17398398 USD |
43494119 USD |
27074861 USD |
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
8.95 |
11.70 |
10.03 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.71 |
2.08 |
1.80 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.74 |
5.99 |
6.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.24 |
6.82 |
5.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.21 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.70 |
0.40 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.37 |
1.34 |
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 |
146.515 |
146.515 |
146.515 |
|
Reserves & Surplus |
859.120 |
1030.590 |
1161.660 |
|
Net
worth |
1005.635 |
1177.105 |
1308.175 |
|
|
|
|
|
|
long-term borrowings |
338.224 |
282.910 |
210.745 |
|
Short term borrowings |
109.185 |
183.926 |
707.017 |
|
Total
borrowings |
447.409 |
466.836 |
917.762 |
|
Debt/Equity
ratio |
0.445 |
0.397 |
0.702 |
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 |
8168.088 |
8249.153 |
7670.014 |
|
|
|
0.992 |
(7.021) |
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 |
8168.088 |
8249.153 |
7670.014 |
|
Profit |
147.001 |
171.470 |
131.069 |
|
|
1.80% |
2.08% |
1.71% |
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 |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term loans from others |
207.770 |
282.910 |
|
SHORT TERM
BORROWING |
|
|
|
Term loans from others |
179.000 |
169.812 |
|
Total |
386.770 |
452.722 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10437412 |
01/07/2013 |
2,583,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B79847224 |
|
2 |
10431871 |
17/05/2013 |
2,997,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B77426351 |
|
3 |
10431874 |
17/05/2013 |
2,011,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B77427805 |
|
4 |
10325620 |
21/02/2014 * |
6,020,000,000.00 |
STATE BANK OF INDIA |
N.G.N. VAIDYA MARG, HORNIMAN CIRCLE, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
B98066616 |
* Date of charge modification
COMPANY PERFORMANCE
The Company has shown Revenue from Operations (Net) of Rs.
7670.014 Millions (Previous Year Rs. 8249.153 Millions). The Company has made
profits of Rs. 131.069 Millions during the year (Previous Year Profit Rs.
171.470 Millions).
FIXED ASSETS
· Land
· Buildings
· Office Building
· Factory Building
· Plant and Equipment
· Other plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
·
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.63.64 |
|
|
1 |
Rs.96.80 |
|
Euro |
1 |
Rs.71.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
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.