MIRA INFORM REPORT
|
Report No. : |
348500 |
|
Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAGAR RUBBER PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 143, GIDC II, Modhera Road, Dediyasan, Mehsana – 384002, Gujarat |
|
Tel. No.: |
91-2762-224808/ 224803/ 224634 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
05.04.2006 |
|
|
|
|
Com. Reg. No.: |
04-048078 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 45.000
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25191GJ2006PTC048078 |
|
|
|
|
IEC No.: |
0896001148 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMS12869D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS8525L |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer and Trader of Pharmaceutical Packaging Material. |
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|
|
|
No. of Employees
: |
135 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2006. It is having satisfactory track. As per registrar of companies the date of balance sheet (i.e. financial field) is shown as 31.03.2015 but documents related to financial for the year ending 2015 is not available from any source. However, the rating takes into consideration strong financial risk profile of the company marked by adequate networth base and comfortable gearing in FY14. Management has almost witnessed a stable revenue base, whereas reported a decline in its net profitability in the year under consideration. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. The company can be considered for business dealings with 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. Atul M. Mehta |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-2762-224803 |
|
Date : |
05.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 143, GIDC II, Modhera Road, Dediyasan, Mehsana – 384002, Gujarat,
India |
|
Tel. No.: |
91-2762-224808/ 224803/ 224634 |
|
Fax No.: |
91-2762-224350 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Warehouse : |
117, G.I.D.C, Phase II, Modhera Road, Mehsana – 384002, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mrs. Heenaben Daxeshkumar Shah |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
5, Shalibhadra Society, Opposite Navkar Flats, Prashant Cinema Road, Mehsana - 384002, Gujarat, India |
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|
Date of Appointment : |
31.03.2007 |
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DIN No.: |
01751121 |
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|
||||||||||||||||
|
Name : |
Mr. Daxeshkumar Jitendrakumar Shah |
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|
Designation : |
Director |
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|
Address : |
5, Shalibhadra Society, Opposite Navkar Flats, Prashant Cinema Road, Mehsana - 384002, Gujarat, India |
||||||||||||||||
|
Date of Appointment : |
05.04.2006 |
||||||||||||||||
|
DIN No.: |
01814664 |
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|
|
||||||||||||||||
|
Name : |
Mr. Jitendralal Kantilal Shah |
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|
Designation : |
Director |
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|
Address : |
5, Shalibhadra Society, Opposite Navkar Flats, Prashant Cinema Road, Mehsana - 384002, Gujarat, India |
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|
Date of Birth/Age : |
21.07.1940 |
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Date of Appointment : |
12.12.2008 |
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DIN No.: |
02428975 |
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|
|
||||||||||||||||
|
Name : |
Mr. Rajanikant Mahendralal Shah |
||||||||||||||||
|
Designation : |
Director |
||||||||||||||||
|
Address : |
5, Shalibhadra Society, Opposite Navkar Flats, Prashant Cinema Road, Mehsana - 384002, Gujarat, India |
||||||||||||||||
|
Date of Birth/Age : |
14.01.1947 |
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Date of Appointment : |
12.12.2008 |
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DIN No.: |
02468267 |
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|
||||||||||||||||
|
Name : |
Mr. Neel Daxesh Shah |
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Designation : |
Additional director |
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|
Address : |
5, Shalibhadra Society, Opposite Navkar Flats, Prashant Cinema Road, Mehsana - 384002, Gujarat, India |
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|
Date of Appointment : |
30.09.2015 |
||||||||||||||||
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DIN No.: |
06479581 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Atul M. Mehta |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Pharmaceutical Packaging Material. |
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|
|
|
Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
European Countries |
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|
|
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Imports : |
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Products : |
Raw Material |
|
Countries : |
Korea |
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|
|
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Terms : |
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Selling : |
Cheque |
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|
|
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Purchasing : |
Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
135 (Approximately) |
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Bankers : |
·
Bank of Baroda Industrial Estate Branch, Highway, Opposite
Simandhar Temple, Mehsana - 384002, Gujarat, India |
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Facilities : |
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|
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Auditors : |
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|
Name : |
Haresh S. Kansara and Company Chartered Accountants |
|
Address : |
82, Apna Bazar (Vimal Super Market), S.T. Worksho Road, Mehsana –
384002, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABVKP2140D |
|
|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
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 |
|
|
|
|
|
|
4,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 45.000
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 |
45.000 |
45.000 |
45.000 |
|
(b) Reserves & Surplus |
106.386 |
96.981 |
71.763 |
|
(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) |
151.386 |
141.981 |
116.763 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
87.442 |
99.271 |
105.458 |
|
(b) Deferred tax liabilities (Net) |
16.086 |
13.075 |
10.429 |
|
(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) |
103.528 |
112.346 |
115.887 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
149.005 |
117.535 |
116.620 |
|
(b)
Trade payables |
91.722 |
121.363 |
109.393 |
|
(c)
Other current liabilities |
21.738 |
20.706 |
9.502 |
|
(d)
Short-term provisions |
1.630 |
9.550 |
7.275 |
|
Total
Current Liabilities (4) |
264.095 |
269.154 |
242.790 |
|
|
|
|
|
|
TOTAL |
519.009 |
523.481 |
475.440 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
190.896 |
169.969 |
161.810 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
2.924 |
4.698 |
4.536 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
193.820 |
174.667 |
166.346 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
81.821 |
91.608 |
66.754 |
|
(c)
Trade receivables |
215.673 |
229.279 |
206.255 |
|
(d)
Cash and cash equivalents |
8.219 |
8.747 |
9.238 |
|
(e)
Short-term loans and advances |
19.476 |
19.180 |
26.847 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
325.189 |
348.814 |
309.094 |
|
|
|
|
|
|
TOTAL |
519.009 |
523.481 |
475.440 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
894.478 |
877.485 |
756.683 |
|
|
|
Other Income |
0.912 |
0.867 |
0.857 |
|
|
|
TOTAL (A) |
895.390 |
878.352 |
757.540 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
129.909 |
148.332 |
134.292 |
|
|
|
Packing Material Consumed |
4.283 |
4.846 |
3.229 |
|
|
|
Purchases of Stock-in-Trade |
513.661 |
467.895 |
401.025 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
12.234 |
(24.230) |
(26.035) |
|
|
|
Employees benefits expense |
27.065 |
21.398 |
17.165 |
|
|
|
Other expenses |
164.421 |
190.962 |
166.935 |
|
|
|
TOTAL (B) |
851.573 |
809.203 |
696.611 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
43.817 |
69.149 |
60.929 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.118 |
20.309 |
18.424 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.699 |
48.840 |
42.505 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.880 |
11.622 |
9.856 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.819 |
37.218 |
32.649 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.414 |
12.000 |
10.966 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.405 |
25.218 |
21.683 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Exports |
19.500 |
117.793 |
20.518 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.09 |
5.60 |
4.82 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1400.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs.1400.000 Million
The above information has been parted by Mr. Atul M. Mehta (Accounts
Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
62.151 |
47.636 |
NA |
|
|
|
|
|
|
Net Cash flow from Operating activities |
60.748 |
38.261 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.05 |
2.87 |
2.87 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.90 |
7.88 |
8.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.66 |
7.11 |
6.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.26 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.56 |
1.53 |
1.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.30 |
1.27 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
45.000 |
45.000 |
45.000 |
|
Reserves & Surplus |
71.763 |
96.981 |
106.386 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
116.763 |
141.981 |
151.386 |
|
|
|
|
|
|
Long-term borrowings |
105.458 |
99.271 |
87.442 |
|
Short term borrowings |
116.620 |
117.535 |
149.005 |
|
Total
borrowings |
222.078 |
216.806 |
236.447 |
|
Debt/Equity ratio |
1.902 |
1.527 |
1.562 |
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 |
756.683 |
877.485 |
894.478 |
|
|
|
15.965 |
1.937 |
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 |
756.683 |
877.485 |
894.478 |
|
Profit |
21.683 |
25.218 |
9.405 |
|
|
2.87% |
2.87% |
1.05% |
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 |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
No |
|
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 |
10527481 |
15/10/2014 |
52,500,000.00 |
ICICI BANK |
9TH FLOOR, JMC
HOUSE,, OPP. PARIMAL GARDEN, AMBAWADI,, AHMEDABAD, GUJARAT - 380006, INDIA |
C30953764 |
|
2 |
10524738 |
01/10/2014 |
50,000,000.00 |
ICICI BANK LIMITED |
9TH FLOOR, JMC
HOUSE,, OPP. PARIMAL GARDEN, AMBAWADI,, AHMEDABAD, GUJARAT - 380006, INDIA |
C28326445 |
|
3 |
10098443 |
23/09/2015 * |
345,100,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C67346577 |
|
4 |
10098883 |
23/07/2015 * |
345,100,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C59582593 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and Advance from Related parties |
67.193 |
66.529 |
|
|
|
|
|
Total |
67.193 |
66.529 |
REVIEW
OF BUSINESS
AND OPERATIONS
During
the year the Company has fall improved the working and done a very good business. The turnover of the Company during the year was Rs. 894.500
Million and the net profit was Rs.9.400
Million.
FINANCE
The
Company had comfortable finance position throughout the year under review. A premier private sector Bank i.e. HDFC Bank has given finance
during the year to the company
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
|
|
|
|
Liability in respect of Letter of Credit against which goods not
received up to 31.03.2014 |
17.370 |
|
Bank Guarantee issued in favour of Sabarmati Gas Limited |
1.035 |
FIXED ASSETS:
· Land
· Factory Building
· Plant and Machinery
· Furniture and Fixture
· Vehicles
· Office Equipment
· Computers
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 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. 65.57 |
|
|
1 |
Rs. 101.13 |
|
Euro |
1 |
Rs. 71.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.