MIRA INFORM REPORT

 

 

Report No. :

348277

Report Date :

03.11.2015

 

IDENTIFICATION DETAILS

 

Name :

CANPAC TRENDS PRIVATE LIMITED (w.e.f.03.09.2010)

 

 

Formerly Known As :

CERIUM MARKETING PRIVATE LIMITED (w.e.f.10.04.2009)

 

VENTURE PAPER MILLS PRIVATE LIMITED (w.e.f.07.06.2006)

 

VENTURE INSURANCE SERVICES PRIVATE LIMITED 

 

 

Registered Office :

Plot No. 338, Chiyada Village, B/H Kerala GIDC, Bavla, Ahmedabad - 382220, Gujarat

Tel. No.:

91-2714-619500

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

12.08.2004

 

 

Com. Reg. No.:

04-044593

 

 

Capital Investment / Paid-up Capital :

Rs. 35.418 Million

 

 

CIN No.:

[Company Identification No.]

U67200GJ2004PTC044593

 

 

IEC No.:

0810009552

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

AABCV9858M

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Exporter of Printed Folded Cartons and Micro Flute Cartons.

 

 

No. of Employees :

100 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (49)

 

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 incorporated in the year 2004 and is engaged in manufacturing and exporting of printed folded cartons and micro flute cartons. It has satisfactory track.

 

For the financial year ended 2014, company has reported decent growth in its revenue profile by 32.41% as compared to its previous year which further resulted to rise in profit of the company by 49.21% during a year under a review.

 

Further, rating also considers company’s acceptable financial profile with adequate net worth base, comfortable liquidity position along with good profitability.

 

Moreover, the promoters of the company are reported to be well experienced in paper and packaging industry.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

In view of aforesaid, 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 – 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

 

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 31-03-2015.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Keyur Parikh

Designation :

Accounts Head

Contact No.:

91-2714-619500

Date :

03.11.2015

 

 

LOCATIONS

 

Registered Office/ Factory :

Plot No. 338, Chiyada Village, B/H Kerala GIDC, Bavla, Ahmedabad - 382220, Gujarat, India

Tel. No.:

91-2714-619500

Fax No.:

91-2714-619501

E-Mail :

todi@canpac.in

acchod@canpac.in

Website :

http://www.canpac.in

Location :

Owned

Locality :

Industrial

 

 

Correspondence Office :

Ground Floor, Dev Complex, Parimal 4 Roads, Ahmedabad – 380006, Gujarat, India

Tel. No.:

91-79-40022262

 

 

DIRECTORS

 

AS ON 19.09.2014

 

Name :

Mr. Nileshkumar Navaratan Todi

Designation :

Managing director

Address :

Canary Incorpo, 3, 3rd Floor, Dev Complex,, Navrangpura, Near Parimal Garden, C G Road,, Ahmedabad-380006, Gujarat, India

Date of Birth/Age :

03.09.1975

Date of Appointment :

25.03.2009

DIN No.:

02581889

 

 

Name :

Mrs. Preeti Nilesh Todi

Designation :

Director

Address :

Tipco Conmart(Showroom), 4th Floor,, Dev Complex, Opposite Parimal Garden, C G Road,, Ahmedabad-380006, Gujarat, India

Date of Birth/Age :

03.02.1969

Date of Appointment :

25.03.2009

DIN No.:

02581777

 

 

KEY EXECUTIVES

 

Name :

Mr. Keyur Parikh

Designation :

Accounts Head

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 19.09.2014

 

Names of Shareholders

 

No. of Shares

 

Nilesh Todi

 

2928149

Preeti  Todi

 

362850

Airen Consultant Private Limited

 

1

Mahavir Prasad Todi

 

2500

Navratan Todi HUF

 

2500

Asha Poder

 

2500

Harish N Bhagchandani

 

144520

Aditya

 

68480

Sarala Bhagchandani

 

76750

Sumit Bhagchandani

 

76750

Total

 

3665000

 

 

AS ON 09.10.2014

 

Names of Allottee

No. of Shares

 

Nilesh Todi

81500

 

 

Total

81500

 

 

AS ON 02.06.2015

 

Names of Allottee

No. of Shares

 

Nilesh Todi

45000

 

 

Total

45000

 

 

AS ON 19.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

89.93

Other top fifty shareholders

10.07

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Printed Folded Cartons and Micro Flute Cartons.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Printed Folded Cartons and Micro Flute Cartons

Countries :

·         UAE

·         Austria

 

 

Imports :

 

Products :

--

Countries :

--

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

Cash and Credit

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Company Name:

Mahavir Paper Trading Company

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

End Users

 

Company Name:

Laksh Industries

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

100 (Approximately)

 

 

Bankers :

Bank Name:

Bank of India

Branch:

Ahmedabad Mid Corporate Branch 1st Floor, BOI Building, Swastik Cross Roads, C. G. Road, Navrangpura, Ahmedabad - 380009, Gujarat, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         Bank of Baroda

·         ICICI Bank Limited

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

From Banks

Bank of India Hongkong ECB-Term Loans

135.696

177.931

Bank of India

33.771

0.000

Vehicles Loan

Bank of Baroda

0.000

0.439

Bank of Baroda (769)

0.202

0.256

Bank of Baroda (847)

0.963

0.000

ICICI Bank Vehicle Loans (Jaguar)

2.865

0.000

ICICI Bank Vehicle Loans (Sonata)

1.111

0.000

SHORT TERM BORROWINGS

 

 

Bank of India [Working Capital Limits]

149.655

138.366

 

 

 

Total

324.263

316.992

 

Banking Relations :

--

 

 

Financial Institution :

·         Tata Capital Financial Services Limited

One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai- 400001, Maharashtra, India

 

 

Auditors :

 

Name :

Arpan Shah and Associates

Chartered Accountants

Address :

501, Ambience Arcade, Opposite Fatehpura Post-Office, Bhattha, Paldi, Ahmedabad-380007, Gujarat, India

Income-tax PAN of auditor or auditor's firm :

AWAPS2854E

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Canpac Multiply Private Limited

 

CAPITAL STRUCTURE

 

AFTER 19.09.2014

 

Authorised Capital : Rs. 50.000 Million

 

Issued, Subscribed & Paid-up Capital : Rs. 37.150 Million

 

 

AS ON 19.09.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5,000,000

Equity Shares

Rs. 10/- each

Rs. 50.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3,665,000

Equity Shares

Rs. 10/- each

Rs. 36.650 Million

 

 

 

 

 

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5,000,000

Equity Shares

Rs. 10/- each

Rs. 50.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

3,500,000

Equity Shares

Rs. 10/- each

Rs. 35.000 Million

 

Equity Shares [Partly paid]

Rs. 5/- each

Rs. 0.418 Million

 

 

 

 

 

Total

 

Rs. 35.418 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

35.418

35.238

35.000

(b) Reserves & Surplus

139.988

96.649

64.253

(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)

175.406

131.887

99.253

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

240.905

269.876

267.170

(b) Deferred tax liabilities (Net)

23.875

23.383

20.550

(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)

264.780

293.259

287.720

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

149.655

138.366

59.484

(b) Trade payables

55.372

11.218

22.922

(c) Other current liabilities

89.159

65.817

74.883

(d) Short-term provisions

7.392

5.537

0.000

Total Current Liabilities (4)

301.578

220.938

157.289

 

 

 

 

TOTAL

741.764

646.084

544.262

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

426.737

408.011

414.592

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

22.448

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

4.108

16.425

13.509

(e) Other Non-current assets

0.112

0.224

0.336

Total Non-Current Assets

453.405

424.660

428.437

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

95.525

64.843

29.419

(c) Trade receivables

142.706

119.171

65.489

(d) Cash and cash equivalents

15.699

14.202

15.425

(e) Short-term loans and advances

34.077

22.940

5.219

(f) Other current assets

0.352

0.268

0.273

Total Current Assets

288.359

221.424

115.825

 

 

 

 

TOTAL

741.764

646.084

544.262

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Turnover

652.505

492.757

177.951

 

 

Other Income

NA

NA

NA

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                    

NA

NA

NA

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

78.270

60.295

0.899

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

43.258

34.329

9.685

 

 

 

 

 

 

PROFIT BEFORE TAX

35.012

25.966

(8.786)

 

 

 

 

 

Less

TAX                                                                 

0.493

2.832

20.330

 

 

 

 

 

 

PROFIT AFTER TAX

34.519

23.134

(29.116)

 

 

 

 

 

 

Earnings Per Share (Rs.)

9.63

6.52

(8.32)

 

 

PARTICULARS

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

870.000

 

 

 

 

 

Expected Sales (2015-2016): Rs. 1000.000 Million

 

The above information has been parted by Mr. Keyur Parikh (Accounts Head)

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

65.325

55.223

64.470

 

 

 

 

Cash Generated from Operations

123.058

NA

NA

 

 

 

 

Net Cash Flow from used in Operations

115.499

NA

NA

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

5.29

4.69

(16.36)

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

4.87

4.02

(1.61)

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.20

0.20

(0.09)

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

2.60

3.51

3.94

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.96

1.00

0.74

 

 

 

 

 

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

35.000

35.238

35.418

Reserves & Surplus

64.253

96.649

139.988

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

99.253

131.887

175.406

 

 

 

 

Long-term borrowings

267.170

269.876

240.905

Short term borrowings

59.484

138.366

149.655

CURRENT MATURITIES OF LONG-TERM DEBTS

64.470

55.223

65.325

Total borrowings

391.124

463.465

455.885

Debt/Equity ratio

3.941

3.514

2.599

 

 

 

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)

Turnover

177.951

492.757

652.505

 

 

176.906

32.419

 

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Turnover

177.951

492.757

652.505

Profit

(29.116)

23.134

34.519

 

(16.36%)

4.69%

5.29%

 

 


LOCAL AGENCY FURTHER INFORMATION

 

Sr. No.

Check list by info agents

Available in Report

(Yes/No)

1

Year of establishment

Yes

2

Constitution of the entity -Incorporation details

Yes

3

Locality of the entity

Yes

4

Premises details

No

5

Buyer visit details

--

6

Contact numbers

Yes

7

Name of the person contacted

Yes

8

Designation of contact person

Yes

9

Promoter’s background

Yes

10

Date of Birth of Proprietor / Partners / Directors

Yes

11

Pan Card No. of Proprietor / Partners

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

Yes

18

Major suppliers

Yes

19

Major customers

Yes

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

Yes

26

Turnover of firm for last three years

Yes

27

Reasons for variation <> 20%

--

28

Estimation for coming financial year

Yes

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

Yes

35

Negative Reporting by Auditors in the Annual Report

No

 

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10533734

25/11/2014

25,000,000.00

TATA CAPITAL FINANCIL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI- 400001,
MAHARASHTRA, INDIA

C35285170

2

10448107

30/08/2013

1,265,000.00

BANK OF BARODA

UNIVERSITY CAMPUS BRANCH, 6, SARELA CO.OP.HSG SOCIETY, NAVRANGPURA, AHMEDABAD- 380009, GUJARAT, INDIA

B84603687

3

10337796

12/01/2012

470,000.00

BANK OF BARODA

UNIVERSITY CAMPUS BRANCH,6 SARELA CO. OP.HSG SOCIE
, SWASTIC CROSS ROAD , C.G. ROADS,, AHMEDABAD- 380009, GUJARAT, INDIA

B33065681

4

10296536

18/02/2015 *

485,900,000.00

BANK OF INDIA

AHMEDABAD MID CORPORATE BRANCH 1ST FLOOR, BOI BUI
LDING, SWASTIK CROSS ROADS, C. G. ROAD, AHMEDABAD- 380009,
GUJARAT, INDIA

C46467593

5

10292922

05/05/2011

1,062,000.00

BANK OF BARODA

UNIVERCITY CAMPUS BRANCH, 6, SARELA CO. OP. HSG S
OCIETY,NAVRANGPURA, AHMEDABAD- 380009, GUJARAT, INDIA

B15257991

6

10280048

07/02/2015 *

463,900,000.00

BANK OF INDIA

AHMEDABAD MID CORPORATE BRANCH 1ST FLOOR, BOI BUI
LDING, SWASTIK CROSS ROADS, C. G. ROAD, AHMEDABAD- 380009,
GUJARAT, INDIA

C46466207

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Loans and advances from related parties

66.297

91.250

 

 

 

Total

66.297

91.250

 

 

CHANGE OF ADDRESS

 

As claimed by Mr. Keyur Parikh (Accounts Head) that the registered office of the company has been shifted from 3rd Floor, Dev Complex, Parimal 4 Roads, Ahmedabad – 380006, Gujarat, India to the present address.

 

 

CORPORATE INFORMATION:

 

It is Domestic Private Limited company engaged mainly in manufacturing Packaging material made of Paper. The company also runs a small retail outlet of trading in gift articles, crockery, luggage bags, etc.

 

 

PERFORMANCE REVIEW:

 

The year remained a year of achievement for the company. The company was able to meet its targeted sales in domestic market. The fact of company's progress can be seen from the following data.

 

The Turnover rose to Rs. 652.505 Million as against R s. 492.757 Million of earlier year. The company booked PAT of Rs.34.519 Million which was also satisfactory. Overall the performance of the company was better compared to the industry average during the year.

 

 

FUTURE PLANS:

 

The company is plans to expand is client base exploring overseas market. Further the company is also planning to diversify its client base scattered across various types FMCG industries. The company also plans to procure 2-3 machineries which are for specialized value additions to the products of the company.


FIXED ASSETS:

 

Tangible Assets

 

·         Land Freeland

·         Buildings

·         Plant and Equipment

·         Furniture and Fixtures

·         Vehicles

·         Office Equipment

·         Computer

 

 

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 records 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 records 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. 65.48

UK Pound

1

  Rs. 101.06

Euro

1

Rs. 72.22

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

HNA

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

6

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

6

--PROFITABILIRY

1~10

6

--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

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

49

 

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.