MIRA INFORM REPORT
|
Report No. : |
349168 |
|
Report Date : |
09.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
KARGWAL ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Behind Hyundai Show Room, 307, Shalimar Morya Park, Off Link Road,
Andheri (West), Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-40105802/ 3 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.03.2008 |
|
|
|
|
Com. Reg. No.: |
11-180623 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 13.250
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26932MH2008PTC180623 |
|
|
|
|
IEC No.: |
0300070471 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK11675G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK5046Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Marbles and Stones. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established as a partnership firm in the year 2000 and subsequently
reconstituted as a private limited company on March 31, 2008 is engaged in
the processing of rough marbles and subsequently selling of polished marble
primarily through traders. The company has its processing facilities located
at Silvassa. It has satisfactory track record. As per Registrar of Companies the date of balance sheets i.e.
financial filed is shown as 31.03.2015 but the documents related to the
financial for the year 2015 are not available from any source. As per available financial of 2014, profitability of the company is
low. However, the company possesses a decent profile marked by adequate
networth base along with fair liquidity. Further, it also achieved better
growth in its sales turnover. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. In view of wide experience of promoter’s in the marble industry, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term Bank facilities = BB |
|
Rating Explanation |
Have inadequate credit quality and high
credit risk. |
|
Date |
November 26, 2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities = A4 |
|
Rating Explanation |
Having minimal degree of safety and carry very
high credit risk. |
|
Date |
November 26, 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
INFORMATION DECLINED BY
|
Name : |
Mr. Vijay |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-40105802 |
|
Date : |
07.11.2015 |
LOCATIONS
|
Registered Office : |
Behind Hyundai Show Room, 307, Shalimar Morya Park, Off Link Road,
Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-40105802/ 3 |
|
Fax No.: |
91-22-66791151 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. 269/1/1/1/3, Village Athal, P.O.
Naroli, Opposite Prince Pipe, Dadra, Silvassa - 396235, Dadra and Nagar
Haveli [U.T.], India |
|
Tel. No.: |
91-260-2650466/ 3294855 |
|
Fax No.: |
91-260-2650466 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajendra Agarwal |
|
Designation : |
Director |
|
Address : |
Millennium Marbles Airport Services Road, Western Express Highway, Ville
Parle (East), Mumbai – 400099, Maharashtra, India |
|
Date of Birth/Age : |
18.12.1959 |
|
Date of Appointment : |
31.03.2008 |
|
DIN No.: |
00145598 |
|
|
|
|
Name : |
Bela Agarwal |
|
Designation : |
Director |
|
Address : |
A403/404, Skypan CHS Limited, Oberoi Complex, Link Road, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.12.1963 |
|
Date of Appointment : |
31.03.2008 |
|
DIN No.: |
01858354 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajendra Agarwal |
|
20000 |
|
Bela Agarwal |
|
35000 |
|
Amita Agarwal |
|
38000 |
|
Pramod Gupta |
|
2000 |
|
Aayush Agarwal |
|
20000 |
|
SLB Builders Limited, India |
|
507000 |
|
Lazwantidevi Agarwal |
|
63000 |
|
Vinita Agarwal |
|
13000 |
|
Rajendra Oil Mills Private Limited, India |
|
75000 |
|
Good View Tradecomm Private Limited, India |
|
17500 |
|
Guruji Mercantile Private Limited, India |
|
17500 |
|
R B Vyapar Private Limited, India |
|
15000 |
|
Sanwaria Vintrade Private Limited, India |
|
10000 |
|
Salona Dealtrade Private Limited, India |
|
12500 |
|
Shalimar Vincom Private Limited, India |
|
15000 |
|
Punya Leather Private Limited, India |
|
5000 |
|
Giltedge Vincom Private Limited, India |
|
7500 |
|
Vanraj Merchantile Private Limited, India |
|
12500 |
|
Bansal Projects Private Limited, India |
|
17500 |
|
Dayanidhi Marketing Private Limited, India |
|
20000 |
|
Sidhidaatri Marketing Private Limited, India |
|
402000 |
|
|
|
|
|
Total |
|
1325000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
14.42 |
|
Other
top fifty shareholders |
85.58 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Marbles and Stones. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank International Banking Branch, 265, Birya House,
Bazar Gate Road, Fort,, Mumbai - 400001, Maharashtra, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
R.K. Malapani and Associates Chartered Accountants |
|
Address : |
103, A, Shyam Anukampa, O-11, Ashok Marg, C-Scheme, Jaipur – 302001,
Rajasthan, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFR2190M |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,350,000 |
Equity Shares |
Rs. 10/- each |
Rs. 13.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,325,000 |
Equity Shares |
Rs. 10/- each |
Rs. 13.250
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 |
13.250 |
13.250 |
13.250 |
|
(b) Reserves & Surplus |
148.862 |
144.149 |
139.330 |
|
(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) |
162.112 |
157.399 |
152.580 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
128.437 |
107.329 |
91.781 |
|
(b) Deferred tax liabilities (Net) |
0.024 |
0.275 |
0.086 |
|
(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) |
128.461 |
107.604 |
91.867 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
173.768 |
161.867 |
140.686 |
|
(b)
Trade payables |
168.582 |
185.643 |
195.528 |
|
(c)
Other current liabilities |
34.211 |
62.054 |
17.260 |
|
(d)
Short-term provisions |
1.233 |
1.177 |
0.787 |
|
Total
Current Liabilities (4) |
377.794 |
410.741 |
354.261 |
|
|
|
|
|
|
TOTAL |
668.367 |
675.744 |
598.708 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
80.901 |
74.634 |
66.701 |
|
(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 |
1.433 |
4.350 |
4.873 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
82.334 |
78.984 |
71.574 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
309.692 |
341.329 |
234.223 |
|
(c)
Trade receivables |
197.444 |
174.790 |
220.684 |
|
(d)
Cash and cash equivalents |
21.234 |
14.686 |
20.097 |
|
(e)
Short-term loans and advances |
56.192 |
65.178 |
50.843 |
|
(f)
Other current assets |
1.471 |
0.777 |
1.287 |
|
Total
Current Assets |
586.033 |
596.760 |
527.134 |
|
|
|
|
|
|
TOTAL |
668.367 |
675.744 |
598.708 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
788.132 |
657.845 |
774.939 |
|
|
|
Other Income |
1.079 |
1.515 |
1.630 |
|
|
|
TOTAL (A) |
789.211 |
659.360 |
776.569 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
693.115 |
566.071 |
668.889 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(47.273) |
(38.935) |
(31.692) |
|
|
|
Employees benefits expense |
7.267 |
7.782 |
7.772 |
|
|
|
Other expenses |
81.477 |
71.557 |
85.759 |
|
|
|
TOTAL (B) |
734.586 |
606.475 |
730.728 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
54.625 |
52.885 |
45.841 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
35.859 |
36.616 |
31.190 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
18.766 |
16.269 |
14.651 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.946 |
9.294 |
7.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.820 |
6.975 |
7.388 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.107 |
2.156 |
2.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
4.713 |
4.819 |
5.098 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.003 |
0.004 |
0.003 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.56 |
3.64 |
3.85 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
13.447 |
9.159 |
8.181 |
|
|
|
|
|
|
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) |
(%) |
0.60 |
0.73 |
0.66 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.93 |
8.04 |
5.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.02 |
1.03 |
1.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.04 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.95 |
1.77 |
1.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.55 |
1.45 |
1.49 |
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 |
13.250 |
13.250 |
13.250 |
|
Reserves & Surplus |
139.330 |
144.149 |
148.862 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
152.580 |
157.399 |
162.112 |
|
|
|
|
|
|
Long-term borrowings |
91.781 |
107.329 |
128.437 |
|
Short term borrowings |
140.686 |
161.867 |
173.768 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
8.181 |
9.159 |
13.447 |
|
Total
borrowings |
240.648 |
278.355 |
315.652 |
|
Debt/Equity
ratio |
1.577 |
1.768 |
1.947 |
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 |
774.939 |
657.845 |
788.132 |
|
|
|
-15.110 |
19.805 |
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 |
774.939 |
657.845 |
788.132 |
|
Profit |
5.098 |
4.819 |
4.713 |
|
|
0.66% |
0.73% |
0.60% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
No |
|
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10461977 |
31/10/2013 |
1,004,378.00 |
PUNJAB NATIONAL
BANK |
INTERNATIONAL
BANKING BRANCH, BIRYA HOUSE,, 265, |
B90196221 |
|
2 |
10406664 |
10/11/2012 |
693,851.00 |
PUNJAB NATIONAL
BANK |
INTERNATIONAL
BANKING BRANCH, BIRYA HOUSE, 265, BAZARGATE ROAD, FORT, MUMBAI, MAHARASHTRA -
400001, INDIA |
B66025115 |
|
3 |
10149347 |
03/11/2014 * |
107,751,000.00 |
PUNJAB NATIONAL
BANK |
INTERNATIONAL
BANKING BRANCH, BIRYA HOUSE, 265, BAZARGATE ROAD, FORT, MUMBAI, MAHARASHTRA -
400001, INDIA |
C35139419 |
|
4 |
10130589 |
14/08/2014 * |
347,178,000.00 |
PUNJAB NATIONAL
BANK |
BO IBB, 265, BRIYA
HOUSE,, BAZAR GATE STREET,, MUMBAI, MAHARASHTRA - 400001, INDIA |
C20130027 |
* 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 |
55.951 |
66.359 |
|
Other Loans and advances |
10.701 |
13.817 |
|
|
|
|
|
Total |
66.652 |
80.176 |
CHANGE OF ADDRESS:
The Registered Office of the Company has been shifted from A-403/404,
Skypan Co-Operative Housing Society Limited, Oberoi Complex, Andheri [West],
Mumbai -400053, Maharashtra, India to the present address w.e.f.08.10.2010.
WORKING RESULTS
The company has achieved a good turnover.
FIXED ASSETS:
· Freehold Land
· Factory Building
· Plant and Machieyr
· Electric Installation
· Computers
· Vehicles
· Office 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 : |
PRT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.