MIRA INFORM REPORT
|
Report No. : |
348361 |
|
Report Date : |
07.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
N.K.P. PHARMA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.1814-B, Phase-III, GIDC Vatva, Ahmedabad – 382445, Gujarat |
|
Tel. No.: |
91-79-25890834/ 25891746 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
08.10.2008 |
|
|
|
|
Com. Reg. No.: |
04-055212 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01403GJ2008PTC055212 |
|
|
|
|
IEC No.: |
0800004833 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMN03820F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN8804E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
of Pharmaceutical Machineries. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 129000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was incorporated in the year 2008, having satisfactory track
record. For the year 2014, the company has recorded decline in its revenue and
profit margin as compared to previous year, however it has achieved decent
revenue marked by satisfactory profitability margin. The company possesses decent networth base but there is unfavorable
gap between trade payables and receivables. Trade relations are fair. Business is active. Payments are slow but
correct. 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. Nilesh Bhatt |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-79-25890834 |
|
Date : |
07.11.2015 |
LOCATIONS
|
Registered Office : |
Plot No.1814-B, Phase-III, GIDC Vatva, Ahmedabad – 382445, Gujarat, India |
|
Tel. No.: |
91-79-25890834/ 25891746 |
|
Fax No.: |
91-79-25894282 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Darshan Natvarlal Mevada |
|
Designation : |
Director |
|
Address : |
S/O, Natwarlal Mevada, 40/B Uganda Park Society, Bahiravnath Road, Maninagar, Ahmedabad – 380008, Gujarat, India |
|
Date of Appointment : |
08.10.2008 |
|
DIN No.: |
01818221 |
|
|
|
|
Name : |
Mr. Hitesh Natvarlal Mevada |
|
Designation : |
Director |
|
Address : |
S/O, Natwarlal Mevada, 40/B Uganda Park Society, Bahiravnath Road, Maninagar, Ahmedabad – 380008, Gujarat, India |
|
Date of Birth/Age : |
04.08.1975 |
|
Date of Appointment : |
08.10.2008 |
|
DIN No.: |
01820149 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Hitesh N Mevada |
|
4500 |
|
Darshan N Mevada |
|
4500 |
|
Mittal H Mevada |
|
20000 |
|
Payal D Mevada |
|
20000 |
|
Natverlal R Mevada (HUF) |
|
500 |
|
Rukhiben N. Mevada |
|
9500 |
|
Darshan H Mevada (HUF) |
|
8000 |
|
Hitesh N Mevada (HUF) |
|
8000 |
|
Teeshan D Mevada |
|
6250 |
|
Prem D Mevada |
|
6250 |
|
Maan H Mevada |
|
12500 |
|
|
|
|
|
Total |
|
100000 |
|
Names of Preference Shareholders |
|
No. of Shares |
|
Darshan H Mevada (HUF) |
|
1500 |
|
Hitesh N Mevada (HUF) |
|
1500 |
|
Payal H Mevada |
|
1000 |
|
Mittal H Mevada |
|
1000 |
|
Natverlal R Mevada (HUF) |
|
7500 |
|
Rukhiben N Mevada |
|
7500 |
|
|
|
|
|
Total |
|
20000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
83.50 |
|
Other
top fifty shareholders |
16.50 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
of Pharmaceutical Machineries. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
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Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
· Bangladesh · South Africa |
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|
|
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
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Terms : |
|
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Selling : |
Cash and Credit |
|
|
|
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· The Kukarwada Nagrik Sahakari Bank Limited Krishna Complex, Hathipura, Madhupura, Ahmedabad - 380004, Gujarat, India · HDFC Bank Limited · Axis Bank Limited ·
ICICI Bank Limited
|
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Facilities : |
|
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Mahendra N. Shah and Company Chartered Accountants |
|
Address : |
E/3 Capital Commercial Centre, Near Sanyas Ashram, Ashram Road,
Ahmedabad – 380009, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AADFM4086H |
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|
|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
20,000 |
Preference Shares |
Rs. 100/- each |
Rs. 2.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 3.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 10/- each |
Rs. 1.000 Million |
|
20,000 |
Preference Shares |
Rs. 100/- each |
Rs. 2.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 3.000
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 |
3.000 |
3.000 |
3.000 |
|
(b) Reserves & Surplus |
42.293 |
39.622 |
31.628 |
|
(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) |
45.293 |
42.622 |
34.628 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
10.470 |
13.760 |
1.018 |
|
(b) Deferred tax liabilities (Net) |
3.340 |
3.148 |
2.697 |
|
(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) |
13.810 |
16.908 |
3.715 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
24.418 |
27.536 |
23.354 |
|
(b)
Trade payables |
79.377 |
60.807 |
71.715 |
|
(c)
Other current liabilities |
25.605 |
24.333 |
22.954 |
|
(d)
Short-term provisions |
8.530 |
9.872 |
19.202 |
|
Total
Current Liabilities (4) |
137.930 |
122.548 |
137.225 |
|
|
|
|
|
|
TOTAL |
197.033 |
182.078 |
175.568 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
54.551 |
56.135 |
50.601 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
6.632 |
4.823 |
0.405 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
21.197 |
15.677 |
14.583 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.545 |
2.548 |
2.516 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
82.925 |
79.183 |
68.105 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
48.550 |
34.557 |
35.147 |
|
(c)
Trade receivables |
39.702 |
44.448 |
37.102 |
|
(d)
Cash and cash equivalents |
7.819 |
8.310 |
7.478 |
|
(e)
Short-term loans and advances |
18.037 |
15.580 |
27.736 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
114.108 |
102.895 |
107.463 |
|
|
|
|
|
|
TOTAL |
197.033 |
182.078 |
175.568 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
153.353 |
181.100 |
172.158 |
|
|
|
Other Income |
0.868 |
2.021 |
1.548 |
|
|
|
TOTAL (A) |
154.221 |
183.121 |
173.706 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
96.688 |
116.053 |
98.817 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(12.306) |
(11.229) |
4.930 |
|
|
|
Employees benefits expense |
32.727 |
30.258 |
26.639 |
|
|
|
Other expenses |
24.679 |
27.587 |
23.291 |
|
|
|
TOTAL (B) |
141.788 |
162.669 |
153.677 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.433 |
20.452 |
20.029 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.549 |
4.020 |
3.560 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.884 |
16.432 |
16.469 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.936 |
2.661 |
2.162 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.948 |
13.771 |
14.307 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.967 |
4.466 |
4.904 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.981 |
9.305 |
9.403 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
39.81 |
93.05 |
94.03 |
|
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 |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.60 |
5.14 |
5.46 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.11 |
11.29 |
11.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.52 |
8.52 |
8.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.32 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.77 |
0.97 |
0.70 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.83 |
0.84 |
0.78 |
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 |
3.000 |
3.000 |
3.000 |
|
Reserves & Surplus |
31.628 |
39.622 |
42.293 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
34.628 |
42.622 |
45.293 |
|
|
|
|
|
|
Long-term borrowings |
1.018 |
13.760 |
10.470 |
|
Short term borrowings |
23.354 |
27.536 |
24.418 |
|
Total
borrowings |
24.372 |
41.296 |
34.888 |
|
Debt/Equity ratio |
0.704 |
0.969 |
0.770 |
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 |
172.158 |
181.100 |
153.353 |
|
|
|
5.194 |
-15.321 |
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 |
172.158 |
181.100 |
153.353 |
|
Profit |
9.403 |
9.305 |
3.981 |
|
|
5.46% |
5.14% |
2.60% |
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 |
-- |
|
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 |
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 |
10575331 |
06/06/2015 |
6,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
C56657430 |
|
2 |
10216797 |
16/01/2013 * |
37,500,000.00 |
AXIS BANK LIMITED |
GROUND FLOOR,
BUSINESS SQUARE BUILDING,, NEAR KRI |
B66897133 |
|
3 |
10211679 |
05/01/2013 * |
37,500,000.00 |
AXIS BANK LIMITED |
GROUND FLOOR,
BUSINESS SQUARE BUILDING,, NEAR KRI |
B66924994 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
SHORT TERM BORROWINGS |
|
|
|
From Other Parties Directors |
0.061 |
0.857 |
|
Share Holders |
2.734 |
1.828 |
|
|
|
|
|
Total |
2.795 |
2.685 |
PERFORMANCE:
The
Company has earned revenue from operations of Rs.153.353 Million as against
Rs.181.100 Million in the previous year resulting a heavy reduction by 15.32 %.
The Company is engaged in the business of manufacturing of Pharmaceutical
machineries.
2013
– 14 started on a high with strong demand pull from the FMCG, Pharma,
Industries, both in and outside of India. However, as the year progressed, the
financial crisis deepened in Europe, the US industry indicators continued to
remain weak resulting in an overall slowdown in demand in those economies which
finally impacted the finished product price adversely, creating a price cost
imbalance in strategic raw materials.
India,
the weakening of the rupee put enormous inflationary pressures on the economy
in the second half of the current year forcing the government to take fiscal
measures which stagnated public spending, reduced capital outflow and consumer
spending which eventually resulted into weakening of overall market demand for
the final products of the Company’s customers. This in turn adversely impacted
the Company’s volumes and prices in the second half of the year. As the Company
is engaged in providing equipment and pharmaceutical machineries and almost all
major pharmaceutical companies have put on hold their Capex Products or are
delaying the same and waiting for the economy to turn-around. The forex
fluctuations and strengthening of US $ against Indian Rupee has also adversely
impacted the exports.
The
profitability during the year is adversely impacted on account of factors as
narrated above and also for the reasons that the Company has substantially
invested in strengthening its labor force, skilled and unskilled man-power,
which is a long term strategic measure to meet with the requirements and
capture the opportunity whenever there is a positive improvement in the
economic conditions.
The
Company is rigorously pursuing various new markets and expanding its reach to
new territories in the global market.
The
Company has also upgraded its equipments to improve the quality of products to
meet with the requirements of quality conscious export market.
The
Directors are also hopeful of improved performance in the years to come.
FINANCE:
The
Company is thankful to the bankers - Axis Bank Limited for lending valuable
support of finance for the Working Operations of the Company. The Management
acknowledges the timely Financial Assistance which has proved of immense use in
developing and expanding the business operations of the Company.
FIXED ASSETS:
·
Land (Freehold)
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Other Equipment
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. 65.79 |
|
|
1 |
Rs. 99.95 |
|
Euro |
1 |
Rs. 71.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
AMR |
|
|
|
|
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 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
|
42 |
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.