MIRA INFORM REPORT
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Report No. : |
321687 |
|
Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENVIRO TECH INSTRUMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-271, Okhla Industrial Area, Phase-I, New Delhi – 110020 |
|
Tel. No.: |
91-11-26811833 / 26813887 / 26814139 |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
10.11.1983 |
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|
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Com. Reg. No.: |
55-016927 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 1.781 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1983PTC016927 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELE00052D |
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|
|
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PAN No.: [Permanent Account No.] |
AAACE2802R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Air Pollution Monitoring Instruments. |
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|
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No. of Employees
: |
40 (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 88000 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration good profit margin and good net
worth position of the company during year under review. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual business
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Chetan Garg |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9810038803 |
|
Date : |
09.05.2015 |
LOCATIONS
|
Registered Office / Factory : |
A-271, Okhla Industrial Area, Phase – I, New Delhi – 110020, India |
|
Tel. No.: |
91-11-26811833 / 26813887 / 26814139 |
|
Mobile No.: |
91-9810038803 (Mr. Chetan Garg) |
|
Fax No.: |
91-11-26811833 / 26810591 |
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E-Mail : |
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|
Website : |
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|
Area : |
1000 Sq.ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on : 27.09.2014
|
Name : |
Mr. Rakesh Agarwal |
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Designation : |
Managing Director |
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Address : |
C – 588, New Friends Colony, New Delhi – 110065, India |
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Date of Birth/Age : |
01.05.1954 |
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Date of Appointment : |
10.11.1983 |
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DIN No.: |
00862850 |
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|
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Name : |
Mr. Shyam Krishan Gupta |
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Designation : |
Director |
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Address : |
2/37, Sarvapriya Vihar, |
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Date of Birth/Age : |
19.10.1945 |
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Date of Appointment : |
10.11.1983 |
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DIN No.: |
00851593 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Chetan Garg |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 27.09.2014
|
Names of Shareholders |
No. of Equity
Shares |
No. of
Preferences Shares |
|
Shyam Krishan Gupta |
581 |
1,120 |
|
Rakesh Agarwal |
251 |
500 |
|
Raghav Gupta |
350 |
2,030 |
|
Shalini Gupta |
740 |
-- |
|
Madhu Gupta |
700 |
1,850 |
|
Rajat Gupta |
200 |
-- |
|
Neeraj Gupta |
300 |
-- |
|
Priyanka Gupta |
200 |
-- |
|
Vinita Agarwal |
600 |
-- |
|
Rajat Agarwal |
370 |
750 |
|
Rakesh Agarwal |
300 |
-- |
|
Raman Agarwal |
360 |
750 |
|
G. D. Agarwal |
100 |
-- |
|
Ashwani Agarwal |
160 |
-- |
|
Anil Kumar |
150 |
-- |
|
Preeti Goyal |
100 |
-- |
|
Niranjan Swaroop Agarwal and Pooja Agarwal |
100 |
-- |
|
Alok Gupta |
100 |
-- |
|
Rekha Rani |
50 |
-- |
|
Abhishekh Swaroop |
150 |
-- |
|
Sneh Gupta |
100 |
-- |
|
Rashmi Rani |
100 |
-- |
|
Chetan Garg |
150 |
-- |
|
Suchi Agarwal |
190 |
-- |
|
Sudhanshu Agarwal |
150 |
-- |
|
Tushar Garg |
100 |
-- |
|
Rashi Jain |
310 |
-- |
|
Sanjay Saraf |
200 |
-- |
|
Ashish Gupta |
20 |
-- |
|
H. S. Matharu |
100 |
-- |
|
M. L. Tikhe |
100 |
-- |
|
Shahnaz Siddiqi |
50 |
-- |
|
Inder Mani Mishra |
50 |
-- |
|
R.T.N. Bali |
52 |
-- |
|
P. C. Tyagi |
100 |
-- |
|
Moti Lal Gupta |
10 |
-- |
|
Dipti Sharma and Divya Sharma |
10 |
-- |
|
Prem Panesar |
10 |
-- |
|
Vijaya Jain and Vinita Avgarwal |
50 |
-- |
|
Rajendra Prasad |
100 |
-- |
|
Harjee Exports Private Limited, India |
-- |
3000 |
|
|
|
|
|
Total |
7,814 |
10,000 |
Equity Share Break up (Percentage of Total Equity)
As on : 27.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
60.00 |
|
Other top fifty shareholders |
40.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Air Pollution Monitoring Instruments. |
|
|
|
|
Products : |
·
Air Pollution Monitoring Systems for Monitoring Stack
Emission ·
Ambient Air Quality ·
Shop Floor Environment ·
Pressure Exposure and Meteorology ·
Specific Instruments include Stock Monitors ·
High Volume Samplers ·
PM 10 and PM 2.5 Monitors ·
Organic Vapor Samplers ·
Personal Monitors ·
Local Air Quality Samplers ·
Handy Samplers ·
Wind Monitors, etc. |
|
|
|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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|
Products : |
Air Pollution Monitoring Instruments |
|
Countries : |
·
·
·
Qutar ·
·
Nepal |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Australia |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
·
HDFC Bank, New Delhi, India ·
ICICI Bank, New Delhi, India ·
Standard Chartered Bank, New Delhi, India
|
||||||||||||||||||||||
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|
|
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Auditors : |
|
|
Name : |
Anil K. Jain and Company Chartered Accountants |
|
Address : |
18/3, Arya Samaj Road, Karol Bagh, New Delhi – 110005, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AALPJ7184K |
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|
|
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Memberships : |
·
CII ·
SSI ·
NSIC ·
FICCI ·
IAAPC |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
·
Touchwood Private Limited, ·
Harjee Exports Private Limited, ·
Vayubodhan Upkaran Private Limited, ·
Envirotech Online Equipments Private Limited,
India |
CAPITAL STRUCTURE
As on : 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.100/- each |
Rs.1.000 Million |
|
10000 |
Preferences Shares |
Rs.100/- each |
Rs.1.000 Million |
|
|
TOTAL
|
|
Rs.2.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7814 |
Equity Shares |
Rs.100/-
each |
Rs.0.781
Million |
|
10000 |
Preferences Shares |
Rs.100/- each |
Rs.1.000
Million |
|
|
TOTAL |
|
Rs.1.781 Millions |
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 |
1.781 |
1.781 |
1.781 |
|
(b) Reserves & Surplus |
29.312 |
26.029 |
21.985 |
|
(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) |
31.093 |
27.810 |
23.766 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.178 |
5.695 |
4.098 |
|
(b) Deferred tax liabilities (Net) |
0.758 |
0.735 |
0.601 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.628 |
0.631 |
0.520 |
|
Total Non-current
Liabilities (3) |
6.564 |
7.061 |
5.219 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
3.195 |
3.195 |
3.095 |
|
(b) Trade
payables |
27.091 |
30.254 |
41.850 |
|
(c) Other current
liabilities |
10.672 |
5.476 |
3.497 |
|
(d) Short-term
provisions |
3.235 |
2.343 |
1.367 |
|
Total Current
Liabilities (4) |
44.193 |
41.268 |
49.809 |
|
|
|
|
|
|
TOTAL |
81.850 |
76.139 |
78.794 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
6.633 |
7.181 |
4.830 |
|
(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 |
0.050 |
0.050 |
0.050 |
|
(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 |
6.683 |
7.231 |
4.880 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
15.243 |
17.014 |
17.729 |
|
(c) Trade receivables |
43.043 |
37.827 |
48.757 |
|
(d) Cash
and cash equivalents |
10.630 |
10.667 |
4.306 |
|
(e)
Short-term loans and advances |
6.237 |
3.392 |
3.033 |
|
(f) Other
current assets |
0.014 |
0.008 |
0.089 |
|
Total
Current Assets |
75.167 |
68.908 |
73.914 |
|
|
|
|
|
|
TOTAL |
81.850 |
76.139 |
78.794 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
121.765 |
138.366 |
152.945 |
|
|
|
Other Income |
NA |
NA |
0.806 |
|
|
|
TOTAL |
NA |
NA |
153.751 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
|
|
69.798 |
|
|
|
Purchase of Stock-in-Trade |
|
|
20.545 |
|
|
|
Employee Benefit Expense |
NA |
NA |
12.178 |
|
|
|
Other Expenses |
|
|
46.457 |
|
|
|
Changes in inventories of Stock-in-Trade |
|
|
(4.126) |
|
|
|
TOTAL |
NA |
NA |
144.852 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
8.899 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
NA |
1.224 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
7.675 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
0.540 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
5.435 |
6.805 |
7.135 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.774 |
2.237 |
2.518 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.661 |
4.568 |
4.617 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
22.769 |
18.725 |
14.572 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
22.769 |
18.725 |
14.572 |
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
4.171 |
2.047 |
3.237 |
|
|
TOTAL EARNINGS |
4.171 |
2.047 |
3.237 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Components |
11.552 |
15.616 |
23.036 |
|
|
TOTAL IMPORTS |
11.552 |
15.616 |
23.036 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
205.51 |
256.43 |
259.18 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
123.000 |
The above information has been parted by Mr. Chetan Garg (Chief
Executive Officer).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
5.178 |
5.695 |
4.098 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.01 |
3.30 |
3.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
5.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.64 |
8.94 |
9.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.24 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.44 |
0.52 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.70 |
1.67 |
1.48 |
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 |
1.781 |
1.781 |
1.781 |
|
Reserves & Surplus |
21.985 |
26.029 |
29.312 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
23.766 |
27.810 |
31.093 |
|
|
|
|
|
|
long-term borrowings |
4.098 |
5.695 |
5.178 |
|
Short term borrowings |
3.095 |
3.195 |
3.195 |
|
Current maturities of long –
term debts |
4.098 |
5.695 |
5.178 |
|
Total
borrowings |
11.291 |
14.585 |
13.551 |
|
Debt/Equity
ratio |
0.475 |
0.524 |
0.436 |
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 |
152.945 |
138.366 |
121.765 |
|
|
|
(9.532) |
(11.998) |
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 |
152.945 |
138.366 |
121.765 |
|
Profit |
4.617 |
4.568 |
3.661 |
|
|
3.02% |
3.30% |
3.01% |
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 |
Ye |
|
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 |
No |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Bonds / Debentures |
3.260 |
3.260 |
|
Term Loans from Banks |
1.918 |
2.435 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from Other Parties |
3.195 |
3.195 |
|
|
|
|
|
Total |
8.373 |
8.890 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
|
|
|
|
|
|
|
|
1 |
90333352 |
30/01/2008 * |
5,000,000.00 |
Corporation Bank |
M - 3 & 4,
Greater Kailash - II,, New Delhi, Delh |
A34406868 |
|
2 |
90333249 |
20/09/1995 |
600,000.00 |
CORPORATION BANK |
Greater Kailash,
New Delhi, Delhi, India |
- |
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Computer
- Fixture and
Furniture
- Office
Equipment
- Vehicles
- Pollution
Control
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. 63.57 |
|
|
1 |
Rs. 99.66 |
|
Euro |
1 |
Rs. 70.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
JAY |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.