MIRA INFORM REPORT
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Report No. : |
349962 |
|
Report Date : |
23.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
POGGENAMP NAGARSHETH POWERTRONICS PRIVATE LIMITED (w.e.f. 07.07.2009) |
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Formerly Known As
: |
POGGEN-AMP NAGARSHETH POWERTROMICS PRIVATE LIMITED (w.e.f 08.01.2008) POGGEN-AMP NAGARSHETH POWERTROMICS LIMITED |
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Registered
Office : |
C-1/B, 4402, Phase-IV, G.I.D.C. Estate, Vatva, Ahmedabad – 382445,
Gujarat |
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Tel. No.: |
91-79-25842908/ 909 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.06.1992 |
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Com. Reg. No.: |
04-017786 |
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Capital
Investment / Paid-up Capital : |
Rs. 30.000 Million |
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CIN No.: [Company Identification
No.] |
U72200GJ1992PTC017786 |
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IEC No.: |
0899010709 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACP9130B |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Electrical Stamping and
Laminations. |
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No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 691000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1992. It is engaged into business
of manufacturer exporter and importer of electrical stamping and laminations.
It has moderate track record. For the year 2014, the company has reported losses from its operations
along with huge borrowings. Trade relations are reported to be fair. Business is active. Payments
are slow but correct. The company can be considered for the business dealings with some
caution. |
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 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long term bank facility = BB+ |
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Rating Explanation |
Inadequate credit quality and high credit risk |
|
Date |
07.07.2014 |
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Rating Agency Name |
CARE |
|
Rating |
Short term bank facility = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
07.07.2014 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Bhart Sanganvi |
|
Designation : |
Finance Head |
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Contact No.: |
91-79-61603908 |
|
Date : |
17.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
C-1/B, 4402, Phase-IV, G.I.D.C. Estate, Vatva, Ahmedabad – 382445,
Gujarat, India |
|
Tel. No.: |
91-79-25842908/ 909 |
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Fax No.: |
91-79-25842808 |
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E-Mail : |
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Website : |
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Location: |
Owned |
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Locality : |
Commercial |
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Corporate Office: |
207, 2nd Floor, Mauryansh Elanza, Shyamal Cross Road,
Satellite, Ahmedabad – 380015, Gujarat, India |
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Tel. No.: |
91-79-61603908 |
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Fax No.: |
91-79-66632808 |
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Location: |
Owned |
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Locality : |
Commercial |
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Factory : |
Survey No. 121/ 122, Kheda-Dhika Highway Village-vavdi,
District-Kheda, Gujarat, india |
DIRECTORS
AS ON 27.09.2014
|
Name : |
Mr. Gauttam Nipinbhai Nagarsheth |
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Designation : |
Managing Director |
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Address : |
462, Kaival, Satyagrah Chhavni, Satelite, Ahmedabad - 380015, Gujarat, India |
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Date of Birth/Age : |
29.08.1956 |
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Date of Appointment : |
08.06.1992 |
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DIN No.: |
01014853 |
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Other Directorship :
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Name : |
Mr. Parshva Nagarsheth |
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Designation : |
Director |
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Address : |
462, Kaivaal Lane - 20, Satyagrah Chhavni, Satellite Road, Ahmedabad - 380015, Gujarat, India |
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Date of Birth/Age : |
12.02.1983 |
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Date of Appointment : |
25.05.2004 |
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DIN No.: |
01136219 |
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Other Directorship :
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Name : |
Mr. Gaurang Nipinbhai Nagarsheth |
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Designation : |
Director |
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Address : |
462, Kaival, Satyagrah Chhavni, Satelite, Ahmedabad - 380015, Gujarat, India |
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Date of Birth/Age : |
16.11.1958 |
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Date of Appointment : |
08.06.1992 |
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DIN No.: |
01136324 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. Bhart Sanganvi |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2014
|
Names of Shareholders |
No. of Shares |
|
Gauttam N.Nagarsheth |
604775 |
|
Gauttam N.Nagarsheth |
792500 |
|
Parshwa G.Nagarsheth |
86617 |
|
Parav G. Nagarsheth |
89117 |
|
Param G. Nagarsheth |
74117 |
|
Rachana G. Nagarsheth |
26825 |
|
Poma G. Nagarsheth |
28200 |
|
Gaurali N. Nagarsheth |
68200 |
|
Parthvi G. Nagarsheth |
69117 |
|
Gauttambhai Nipinbhai Nagarsheth-HUF |
88200 |
|
Gaurin Nipinbhai Nagarsheth |
71832 |
|
Mukesh D. Doshi |
495500 |
|
Mahendra D. Doshi |
500000 |
|
Raichand M. Mehta |
5000 |
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Total |
3000000 |
AS ON 27.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
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Directors
or relatives of directors |
66.64 |
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Other
top fifty shareholders |
33.36 |
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|
|
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Total |
100 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Electrical Stamping and
Laminations. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Electronic Stamping and Laminations |
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Countries : |
· Germany · Italy |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· China · Korea |
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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
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
120 (Approximately) |
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Bankers : |
· TATA Capital Limited One Forbes, Dr. V B Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India · Export-Import Bank of India Centre
One Building, Floor 21, World Trade Centre Complex, Cuffe Parade, Mumbai -
400005, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Shah And Shah Associates Chartered Accountants |
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Address : |
702, Anike, Near. Municipal Market, Navrangpura, Ahmedabad - 380009, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAHFS7036F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Entities where
Control Exists : |
· NKP Infrastructure Private Limited (CIN No.: U45201GJ2010PTC059368) · PAN Finetech Private Limited (CIN No.: U74140GJ2011PTC066004) |
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Subsidiary Company: |
Posco Poggen-Amp Electrical Steel Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Million |
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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 |
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|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
211.868 |
249.883 |
238.246 |
|
(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) |
241.868 |
279.883 |
268.246 |
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
146.901 |
144.862 |
182.992 |
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(b) Deferred tax liabilities (Net) |
10.762 |
29.764 |
23.996 |
|
(c)
Other long term liabilities |
9.277 |
9.277 |
0.000 |
|
(d)
long-term provisions |
0.684 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
167.624 |
183.903 |
206.988 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
396.497 |
407.906 |
521.802 |
|
(b)
Trade payables |
207.320 |
150.454 |
77.255 |
|
(c)
Other current liabilities |
257.752 |
251.327 |
96.666 |
|
(d)
Short-term provisions |
0.374 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
861.943 |
809.687 |
695.723 |
|
|
|
|
|
|
TOTAL |
1271.435 |
1273.473 |
1170.957 |
|
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|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
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(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
420.021 |
345.754 |
281.433 |
|
(ii)
Intangible Assets |
0.395 |
0.377 |
0.394 |
|
(iii)
Capital work-in-progress |
30.505 |
111.219 |
127.726 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
109.016 |
109.049 |
85.941 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
45.803 |
33.386 |
16.201 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
605.740 |
599.785 |
511.695 |
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
302.910 |
123.797 |
161.503 |
|
(c)
Trade receivables |
145.967 |
258.078 |
206.704 |
|
(d)
Cash and cash equivalents |
31.242 |
42.166 |
48.477 |
|
(e)
Short-term loans and advances |
179.881 |
227.585 |
221.909 |
|
(f)
Other current assets |
5.695 |
22.062 |
20.669 |
|
Total
Current Assets |
665.695 |
673.688 |
659.262 |
|
|
|
|
|
|
TOTAL |
1271.435 |
1273.473 |
1170.957 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1155.500 |
521.800 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
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|
|
PROFIT/
(LOSS) BEFORE, DEPRECIATION TAX AND PRIOR PERIOD ITEMS |
(39.276) |
(56.832) |
44.586 |
|
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|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
(42.504) |
(38.920) |
30.198 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
3.228 |
(64.766) |
14.388 |
|
|
|
|
|
|
|
|
|
|
PROVISION FOR
TAXATION |
|
|
|
|
|
|
Deferred Tax Assets/(Liability) Provision |
25.057 |
30.986 |
4.141 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(56.724) |
(64.766) |
10.247 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of Exports |
118.494 |
182.124 |
46.635 |
|
|
|
Design & Development Charges Income |
4.347 |
6.679 |
8.885 |
|
|
TOTAL EARNINGS |
122.841 |
188.803 |
55.520 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
251.577 |
316.230 |
209.021 |
|
|
|
Components & Spares |
0.000 |
0.000 |
0.210 |
|
|
|
Capital Goods |
6.283 |
5.612 |
63.237 |
|
|
TOTAL IMPORTS |
257.86 |
321.842 |
272.468 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(12.67) |
(3.88) |
3.42 |
|
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 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.29 |
(6.15) |
1.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
(0.23) |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.25 |
1.97 |
2.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.77 |
0.83 |
0.95 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
238.246 |
249.883 |
211.868 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
268.246 |
279.883 |
241.868 |
|
|
|
|
|
|
Long-term borrowings |
182.992 |
144.862 |
146.901 |
|
Short term borrowings |
521.802 |
407.906 |
396.497 |
|
Total
borrowings |
704.794 |
552.768 |
543.398 |
|
Debt/Equity
ratio |
2.627 |
1.975 |
2.247 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
521.800 |
1155.500 |
|
|
|
121.445 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
521.800 |
1155.500 |
|
Profit |
(11.637) |
(38.015) |
|
|
(2.23%) |
(3.29%) |
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 two 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 |
10435081 |
07/05/2013 |
33,000,000.00 |
UCO
BANK |
GANDHINAGAR
BRANCH, NR.PRAGNA PETROL PUMP GH 5 CI |
B78833597 |
|
2 |
10204865 |
31/03/2014
* |
716,000,000.00 |
UCO
BANK |
GANDHINAGAR
BRANCH, PLOT NO. 445, SECTOR - 16, GANDHINAGAR - 382016, GUJARAT, INDIA |
C05542493 |
|
3 |
10196814 |
12/01/2010 |
38,000,000.00 |
UCO
BANK |
GANDHINAGAR
BRANCH, NR.PRAGNA PETROL PUMP GH 5 CI |
A77340636 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits from directors |
87.530 |
71.099 |
|
Other loans and advances, others |
2.366 |
0.000 |
|
|
|
|
|
Total |
89.896 |
71.099 |
CORPORATE
INFORMATION:
The company
is a private Limited company registered under the Companies Act, 1956 and is
engaged in the business of manufacturing of Stampings & Laminations for
electrical motors, pumps, ballast, transformers etc. The manufacturing
facilities of the company are situated at Vatva, Ahmedabad and at Vill. Vavdi,
Tal. Matar, Dist. Kheda.
OPERATIONS
During the year under review the Company has achieved Net Sales of Rs. 1155.500 Million against Rs.521.800 Million in F.Y.2012-13. Your Company has suffered Net Loss of Rs.56.700 Million which is mainly due to lower capacity utilization being initial phase of commercial operations and operations were stabilizing and were yet to achieve breakeven level, higher fixed overheads, higher interest cost which increased operating cost. Also product mix was not optimum due to late receipt of approval for product from Power Grid Corporation of India (PGCIL)
The Company commenced its commercial operations of manufacture of transformer laminations in the financial year 2012-13. However the major market for its products and profitable products are in sales to customers for manufacture of 765 KV range transformers. For this market segment, Indian Government agencies are the only major buyers and hence it is regulated by PGCIL, an Indian Government undertaking. To be able to sell transformer laminations in the 765 KV range market, vendor approval of PGCIL is mandatory. During the financial year covered in these financial statements, the Company received this approval from PGCIL which enables the company to sell transformer laminations for 765 KV range of transformers. After the approval, the Company’s capacity utilization has increased substantially and is expected to increase further. Considering certain orders on hand and future business from this market segment, as there are very limited approved vendors in India for transformer laminations.
FIXED ASSETS:
Tangible assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipment’s
- Other Equipment’s
Intangible assets
- Computer software
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.66.09 |
|
|
1 |
Rs.101.04 |
|
Euro |
1 |
Rs.70.86 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
ANK |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
1 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.