MIRA INFORM REPORT
|
Report No. : |
322716 |
|
Report Date : |
16.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MUNGI ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.80, Shyamkunj, Flat No. 501, N.S. Road No.9, Near Jamnabai Nurfee
School, Vile Parle (West), Mumbai – 400049, Maharashtra |
|
Tel no. : |
91-253-2387032 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.06.2004 |
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|
|
|
Com. Reg. No.: |
11-146663 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 17.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910MH2004PTC146663 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM26807E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECM0828M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Sheet Metal Components (Automobile Parts). |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba ((54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2900000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy financial risk profile marked by
adequate liquidity position and sound profitability margin 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 |
Term Loan Facilities: “BBB+” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
September 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based Facilities : “A2” |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
September 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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. R.K. Singh |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-253-6640400 |
|
Date : |
15.05.2015 |
LOCATIONS
|
Registered Office : |
Plot No.80, Shyamkunj, Flat No. 501, N.S. Road No.9, Near Jamnabai Nurfee
School, Vile Parle (West), Mumbai – 400049, Maharashtra, India |
|
Tel. No. : |
91-253-2387032 |
|
Mobile No. : |
91-9922433245 (Mr. Ajay Gevdi) |
|
Fax No. : |
91-253-2387026 |
|
E-Mail : |
|
|
Website : |
wwwmungigroup.com |
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
E-67/68, MIDC Ambad, Nashik - 422010, Maharashtra, India |
|
Tel. No.: |
91-253-6640400/ 6640423/ 2387028 |
|
Fax No.: |
91-253-2387025 |
|
E-Mail : |
|
|
|
|
|
Factory 1: |
Gate No.2792, Kharabwadi, Chakan - Talegaon Road, Chakan,
Tal. Khed, Dist. Pune – 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-611868 |
|
E-Mail : |
|
|
|
|
|
Factory 2: |
Plot No. A-1/5, MVML Supplier Park, Chakan MIDC, Phase -
IV, Tal- Khed, District Pune - 410501, Maharashtra, India |
|
|
|
|
Factory 3: |
Plot No. G7, Phase III, Chakan Industrial Area, Chakan, Tal.
Khed, District Pune – 410501, Maharashtra, India |
|
|
|
|
Factory 4: |
Block No. 1, Servey No. 192/B1,Zaheerabad, District, Medak, Andhra Pradesh – 502220, India |
|
Email. : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vivek Shrikant Mungi |
|
Designation : |
Director |
|
Address : |
Plot No. 27, Usha Kiran Co-operative Housing Society, Off. Trimbak Road,
Nashik – 422002, Maharashtra, India |
|
Date of Birth/Age : |
07.07.1963 |
|
Qualification : |
BE |
|
Date of Appointment : |
01.06.2004 |
|
PAN No.: |
AACPM9286C |
|
DIN No. : |
00193870 |
|
|
|
|
Name : |
Kavita Vivek Mungi |
|
Designation : |
Director |
|
Address : |
P. No. 27, Shrikanyt Sarve No.
746, Bunglow, Trimbak Road, Usha Kiran Co-Operative Housing Society, Nashik –
422002, Maharashtra, India |
|
Date of Birth/Age : |
02.01.1967 |
|
Date of Appointment : |
01.06.2004 |
|
DIN No. : |
00193861 |
|
|
|
|
Name : |
Mr. Sandeep Vivek Purkar |
|
Designation : |
Director |
|
Address : |
807/11, Chintamani Bunglow, Near New Era High School, Govind Nargar,
Nashik – 422009, Maharashtra, India |
|
Date of Birth/Age : |
24.06.1981 |
|
Date of Appointment : |
16.06.2014 |
|
DIN No.: |
06897192 |
|
|
|
|
Name : |
Mr. Shrikant Narendra Shaligram |
|
Designation : |
Director |
|
Address : |
5, Rukhmini Apartment, Opposite Soor Hotel, New Naka, Gangapur Road,
Nashik – 422013, Maharashtra, India |
|
Date of Birth/Age : |
30.03.1953 |
|
Date of Appointment : |
16.06.2014 |
|
DIN No.: |
06897207 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Vivek Shrikant Mungi |
1575934 |
90.05 |
|
Kavita Vivek Mungi |
233 |
0.01 |
|
Santosh Ganesh Kulkarni |
173833 |
9.93 |
|
Total |
1750000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
90.06 |
|
Other |
9.94 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sheet Metal Components (Automobile Parts). |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
· Mahindra and Mahindra Limited · Ashok Leyland, Chennai · Tata Motors, Pune · Spicer India Limited · Various Stat Transports Undertaking · Knorr Bremse India Private Limited |
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No. of Employees : |
Not Divulged |
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Bankers : |
· Kotak Mahindra Bank Limited, 36-38a, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India · State Bank of India, Eastern Express Highway, Gala No 9 &10, Sun, Magnetic, Near LIC Off, Louis Wadi Service Road, Thane - 400604, Maharashtra, India · Bank of Baroda, Nasik City Branch, Nasik – 422002, Maharashtra, India · The Janalaxmi Bank Limited · State Bank of Hyderabad · Kotak Mahindra Bank Limited ·
HDFC Bank Limited |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Prashant Kulkarni Chartered Accountant |
|
Address : |
1583, Kanade Maruti Lane, Nashik – 422001, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AARPK5266H |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
|
Enterprise under
Common Control of the Promoters : |
· Mungi Brothers · PVM Auto (Nasik) Private Limited · Mungi Engineers Zaheerabad Private Limited |
|
|
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,850,000 |
Equity Shares |
Rs.10/- each |
Rs. 18.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,750,000 |
Equity Shares |
Rs.10/- each |
Rs. 17.500
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 |
17.500 |
17.500 |
17.500 |
|
(b) Reserves & Surplus |
1016.529 |
658.741 |
461.258 |
|
(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) |
1034.029 |
676.241 |
478.758 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
876.722 |
756.402 |
467.907 |
|
(b) Deferred tax liabilities
(Net) |
107.102 |
88.189 |
73.663 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
109.297 |
103.853 |
18.948 |
|
Total
Non-current Liabilities (3) |
1093.121 |
948.444 |
560.518 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
192.056 |
87.010 |
435.839 |
|
(b) Trade payables |
622.938 |
685.609 |
663.164 |
|
(c) Other current liabilities |
123.999 |
78.264 |
39.881 |
|
(d) Short-term provisions |
68.189 |
100.812 |
38.026 |
|
Total
Current Liabilities (4) |
1007.182 |
951.695 |
1176.910 |
|
|
|
|
|
|
TOTAL |
3134.332 |
2576.380 |
2216.186 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1651.538 |
1338.670 |
1120.091 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
323.958 |
158.207 |
12.126 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.121 |
0.105 |
0.031 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
51.480 |
42.743 |
70.660 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
2027.097 |
1539.725 |
1202.908 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
356.796 |
294.734 |
396.637 |
|
(c) Trade receivables |
455.727 |
475.740 |
508.725 |
|
(d) Cash and cash equivalents |
25.771 |
89.206 |
66.099 |
|
(e) Short-term loans and
advances |
43.775 |
6.193 |
13.213 |
|
(f) Other current assets |
225.166 |
170.782 |
28.604 |
|
Total
Current Assets |
1107.235 |
1036.655 |
1013.278 |
|
|
|
|
|
|
TOTAL |
3134.332 |
2576.380 |
2216.186 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4698.463 |
6809.821 |
4555.800 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
190.214 |
268.887 |
166.501 |
|
|
|
|
|
|
|
Less |
TAX |
58.782 |
71.404 |
54.843 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
131.432 |
197.483 |
111.658 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
364.112 |
186.377 |
85.885 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
19.748 |
11.166 |
|
|
Total
|
0.000 |
19.748 |
11.166 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
495.544 |
364.112 |
186.377 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
75.10 |
112.85 |
63.80 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.80 |
2.90 |
2.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.77 |
11.12 |
7.55 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.40 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.03 |
1.25 |
1.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.09 |
0.86 |
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 |
17.500 |
17.500 |
17.500 |
|
Reserves & Surplus |
461.258 |
658.741 |
1016.529 |
|
Net
worth |
478.758 |
676.241 |
1034.029 |
|
|
|
|
|
|
long-term borrowings |
467.907 |
756.402 |
876.722 |
|
Short term borrowings |
435.839 |
87.010 |
192.056 |
|
Total
borrowings |
903.746 |
843.412 |
1068.778 |
|
Debt/Equity
ratio |
1.888 |
1.247 |
1.034 |
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) |
|
Sales |
4555.800 |
6809.821 |
4698.000 |
|
|
|
49.476 |
(31.015) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
4555.800 |
6809.821 |
4698.463 |
|
Profit |
111.658 |
197.483 |
131.432 |
|
|
2.45% |
2.90% |
2.80% |
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 |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
REVIEW OF OPERATIONS:
The company has successfully achieved the Turnover of Rs. 4698.463 /-. The Net profit for the year has been Rs.131.431 Million as against Rs. 197.483 Million during the previous financial year.
The entire automobile industry witnessed deep recession, due to this their company was also affected and the sale was dropped down to Rs 4698.463 Million as against Rs 5220.154 Million of previous year. Their directors are exploring new avenues to increase the business. We hope that the scale of turnover will pickup in the next year.
FINANCE:
The company has been taking adequate steps to raise need based working capital finance from banks, financial institutions as well as outside sources. Their directors are continuously looking for avenues for future growth of the company in the Automotive Industry.
MEGA PROJECT:
As per the Package Scheme of Incentives (PSI) 2007, Company's unit located at A 1/5 MVML Park and G-7, Chakan MIDC Phase IV Nighoje, Chakan, Tal: Khed, Dist: Pune - 410 501 has been sanctioned Industrial Promotion Subsidy (IPS) amounting to Rs 1276.800 Million to be availed over a period of 7 years starting from 25th February , 2012. The Company received a credit of Rs.136.900 Million on 31st December, 2013. Further Company is eligible for a claim of IPS for F.Y. 2013-14 and a credit of Rs 74.200 Million is expected to be received shortly.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan and advances from related parties |
14.858 |
25.222 |
|
|
|
|
|
Total |
14.858 |
25.222 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10437841 |
03/07/2013 |
150,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B80044308 |
|
2 |
10282779 |
28/03/2013 * |
875,000,000.00 |
STATE BANK OF INDIA |
EASTERN EXPRESS HIGHWAY, GALA NO 9 &10, SUN, MAGN |
B73209520 |
|
3 |
10276671 |
28/12/2013 * |
300,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227, D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B96470620 |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
· Computer Equipments
· Other 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.63.84 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
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 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.