MIRA INFORM REPORT
|
Report No. : |
343352 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
WIND WORLD (INDIA) LIMITED (w.e.f. 01.01.2013) |
|
|
|
|
Formerly Known
As : |
ENERCON (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 33, |
|
Tel. No.: |
91-22-67607200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2007 (Unaudited) |
|
|
|
|
Date of
Incorporation : |
22.05.2003 |
|
|
|
|
Com. Reg. No.: |
56-003236 (New) 071899 (Old) |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 72.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200DD2003PLC003236 (New) U74999MH1993PTC071899 (Old) |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRE00726F SRTE00116E |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Wind Mills. |
|
|
|
|
No. of Employees
: |
5348 (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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Management of the subject has failed to file its latest financial with
the government department since FY 2007. No latest financials and other information related to the subject are available
from any other sources. Payment terms are unknown. Due to lack of requisite information and non-availability of the
latest financial details, company can be considered for business dealings
with great caution. |
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 DENIED
Management non co-operative (Tel. No. 91-22-669244848)
LOCATIONS
|
Registered Office : |
Plot No. 33, |
|
Tel. No.: |
91-260-2220624 /
2221219 / 2221220 / 2220321 / 2220628 |
|
Fax No.: |
91-260-2221508 /
67020083 |
|
E-Mail : |
admin@mumbai.enercon-india.com legal.compliance@enerconindia.net
|
|
Website: |
www.enerconindia.net
|
|
Location : |
Leased |
|
|
|
|
Corporate Office : |
Tower Plot No. A
- 9, CTS No. 700, Veera Industrial Estate, Veera Desai Road |
|
Tel No.: |
91-22-66924848 |
|
Fax No.: |
91-22-66990940 |
|
Email : |
|
|
|
|
|
Factory 2 : |
Concrete Tower
Factory : Plot No 610 /
611, Village Sadodar, Taluka : Jamjodapur, District Jamnagar – 360520, Gujarat,
India |
|
Tel. No.: |
91-2898-262372 /
262545 / 262547 |
|
Fax No.: |
91-2898-262374 |
|
|
|
|
Branch Office /Marketing Office: |
Located at:
|
DIRECTORS
AS ON 30.09.2007
|
Name : |
Mr. Yogesh
Jogindernath Mehra |
|
Designation : |
Managing Director |
|
Address: |
201, Hare Krishna, Presidency Society, |
|
Date of
Birth/Age : |
01.12.1959 |
|
Qualification |
B.Com |
|
Date of
Appointment: |
10.05.1993 |
|
|
|
|
Name : |
Mr. Ajay
Jogindernath Mehra |
|
Designation : |
Whole Time Director |
|
Address: |
301, Hare Krishna, Presidency Society, |
|
Date of
Birth/Age : |
06.12.1955 |
|
Qualification |
B.Sc |
|
Date of
Appointment: |
10.05.1993 |
|
|
|
|
Name : |
Mr. Kettwing Hans
Dieter |
|
Designation : |
Director |
|
Address: |
Dreekamp-5,
26605, Indian Address |
|
Date of
Birth/Age : |
23.11.1957 |
|
Date of
Appointment: |
11.03.2002 |
|
|
|
|
Name : |
Mr. Aloys Wobben |
|
Designation : |
Chairman |
|
Address: |
Dreekamp-5,
26605, Indian Address |
|
Date of Birth/Age
: |
22.01.1952 |
|
Date of
Appointment: |
24.02.1944 |
KEY EXECUTIVES
|
Name |
Mr. Manoranjan
Karmakar |
|
Designation |
Company Secretary |
|
Address: |
Flat No.1404, Raj
Manor, B Wing, |
|
Date of Birth |
29.04.1956 |
|
Date of
Appointment: |
12.09.1995 |
MAJOR SHAREHOLDERS
AS ON 30.09.2007
|
Names of Shareholders |
|
No. of Shares |
|
Enercon |
|
4032000 |
|
Mehra J Sudarshan |
|
896000 |
|
Mehra J Ajay |
|
680000 |
|
Mehra Ajay Meenakshi |
|
432000 |
|
Mehra J Yogesh |
|
832000 |
|
Mehra Yogesh Radhika |
|
304000 |
|
Mehra Ajay Sitakshi |
|
16000 |
|
Mehra Ajay Siddharth |
|
8000 |
|
Total |
|
7200000 |
%20LIMITED%20-%20343352_MIRA%2001-Oct-2015_files/image012.gif)
AS ON 30.09.2007
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
56.00 |
|
Directors or relatives of Directors |
44.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Wind Mills. |
|
|
|
|
Products : |
·
Wind
Mills Accessories and Parts ·
Rotor
Blade |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
5348 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins
and Sells Chartered
Accountants |
|
Address : |
12, Dr. Annie
Besant Road, Opposite Shivsagar Estate, Worli, Mumbai – 400 018, Maharashtra,
India |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Enercon GmbH,
Germany |
CAPITAL STRUCTURE
AS ON 31.03.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity shares |
Rs.10/- each |
Rs.90.000 Millions |
|
1500000 |
9% Non Convertible Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs.150.000 Millions |
|
|
Total |
|
Rs.240.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7200000 |
Equity Shares |
Rs.10/- each |
Rs.72.000 Millions |
|
|
|
|
|
(Out of the above, 403200 Equity Shares of
Rs.10/- each full paid up are held by Enercon GmbH – Holding Company)
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2007 (Unaudited) |
31.03.2006 (Unaudited) |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
72.000 |
117.000 |
162.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
4519.135 |
3750.109 |
2586.611 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
4591.135 |
3867.109 |
2748.611 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5453.288 |
3283.564 |
2015.284 |
|
|
2] Unsecured Loans |
2851.413 |
569.024 |
1315.492 |
|
|
TOTAL BORROWING |
8304.701 |
3852.588 |
3330.776 |
|
|
DEFERRED TAX LIABILITIES |
500.014 |
385.014 |
208.280 |
|
|
|
|
|
|
|
|
TOTAL |
13395.850 |
8104.711 |
6287.667 |
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5105.044 |
2887.111 |
1200.538 |
|
|
Capital work-in-progress |
845.537 |
698.843 |
89.163 |
|
|
|
|
|
|
|
|
Pending Allocation |
0.000 |
0.000 |
1.105 |
|
|
|
|
|
|
|
|
INVESTMENT |
2340.748 |
1178.294 |
1071.608 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
5469.493
|
3438.058
|
3951.785 |
|
|
Sundry Debtors |
4116.311
|
3967.497
|
4085.839 |
|
|
Cash & Bank Balances |
2391.528
|
2097.460
|
261.249 |
|
|
Other Current Assets |
42.362
|
26.835
|
7.301 |
|
|
Loans & Advances |
4007.577
|
2183.166
|
1350.682 |
|
Total
Current Assets |
16027.271
|
11713.016
|
9656.856 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2414.126 |
1300.108 |
5373.948 |
|
|
Other Current Liabilities |
7897.847
|
6911.184
|
|
|
|
Provisions |
610.777
|
161.261
|
357.655 |
|
Total
Current Liabilities |
10922.750
|
8372.553
|
5731.603 |
|
|
Net Current Assets |
5104.521
|
3340.463
|
3925.253 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13395.850 |
8104.711 |
6287.667 |
|
%20LIMITED%20-%20343352_MIRA%2001-Oct-2015_files/image003.gif){kind=small}
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2007 (Unaudited) |
31.03.2006 (Unaudited) |
31.03.2005 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Services |
21457.490 |
16726.763 |
8831.890 |
|
|
|
Other Income |
1084.541 |
150.946 |
72.098 |
|
|
|
TOTAL (A) |
22542.031 |
16877.709 |
8903.988 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
16834.365 |
12801.055 |
0.000 |
|
|
|
Manufacturing and Other Expenses |
3611.004 |
2067.835 |
1461.222 |
|
|
|
Consumption of Raw material and Bought out components |
0.000 |
0.000 |
7933.113 |
|
|
|
Increase / Decrease in Finished Goods |
0.000 |
0.000 |
(1590.162) |
|
|
|
TOTAL (B) |
20445.369 |
14868.89 |
7804.173 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2096.662 |
2008.819 |
1099.815 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
801.827 |
439.600 |
269.860 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1294.835 |
1569.219 |
829.955 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
333.013 |
150.891 |
80.731 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
961.822 |
1418.328 |
749.224 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
189.239 |
233.739 |
174.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
772.583 |
1184.589 |
575.024 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2353.147 |
1149.524 |
587.397 |
|
|
|
|
|
|
|
|
|
Add |
ADJUSTMENT OF
PROFIT/LOSS OF AMALGAMATING COMPANIES (NET) |
0.000 |
27.116 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Preference Dividend |
3.040 |
7.088 |
11.138 |
|
|
|
Corporate Dividend Tax on Proposed
Preference Dividend |
0.517 |
0.994 |
1.759 |
|
|
BALANCE CARRIED
TO THE B/S |
3122.173 |
2353.147 |
1149.524 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
63.50 |
163.40 |
78.07 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2007 (Unaudited) |
31.03.2006 (Unaudited) |
31.03.2005 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2007 (Unaudited) |
31.03.2006 (Unaudited) |
31.03.2005 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.43
|
7.02 |
6.46 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.48
|
8.48 |
8.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.55
|
9.71 |
6.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.37 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.81 |
0.99 |
1.21 |
|
B |
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47
|
1.40 |
1.68 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2005 |
31.03.2006 |
31.03.2007 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8,831.890 |
16,726.763 |
21,457.490 |
|
|
|
89.391 |
28.282 |
%20LIMITED%20-%20343352_MIRA%2001-Oct-2015_files/image014.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2005 |
31.03.2006 |
31.03.2007 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8,831.890 |
16,726.763 |
21,457.490 |
|
Profit |
575.024 |
1,184.589 |
772.583 |
|
|
6.51% |
7.08% |
3.60% |
%20LIMITED%20-%20343352_MIRA%2001-Oct-2015_files/image016.gif)
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
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 |
No |
|
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 |
change of address:
The address of the Registered Office of company has been shifted from Kolsite House, Plot No. 31, Shah Industrial
Estate, Veera Desai Road, Andheri (West), Mumbai - 400 053, Maharashtra, India to the Present
address w.e.f. 22.05.2003
UNSECURED LOANS
|
Particular |
As on 31.03.2007 (Unaudited) Rs. in million |
As on 31.03.2006 (Unaudited) Rs. in million |
|
From Banks |
|
|
|
Short Term Loans (Repayable within
one year Rs. Nil (previous year Rs.100.000 millions) |
0.000 |
100.000 |
|
Long Term Loan (Repayable within
one year Rs.100.000 Millions (Previous Year Rs.NIL) |
300.000 |
300.000 |
|
|
|
|
|
Long Term Indian
Currency Loans – SBI Bank (Repayable within
one year Rs.30.000 Millions Previous
year Rs. Nil) |
302.739 |
0.000 |
|
Long Term Foreign
Currency Loans – ICICI Bank (Repayable within
one year Rs. Nil Previous year Rs.
Nil) |
869.587 |
0.000 |
|
|
|
|
|
From Financial Institutions |
|
|
|
Short Term (Repayable within
one year Rs.336.800 Millions Previous year Rs. Nil) |
336.800 |
0.000 |
|
b) From Foreign Financial Institutions |
|
|
|
Short Term
Foreign Currency Loan (Repayable within
one year Rs.927.559 Millions (Previous year Rs. Nil)) |
927.559 |
0.000 |
|
Long Term Foreign
Currency Loan (Repayable within
one year Rs.38.243 Millions (Previous year Rs.51.342 Millions) |
114.728 |
169.024 |
|
Total |
2851.413 |
569.024 |
Note
- Unsecured Loans from Foreign Financial Institutions are guaranteed by
corporate guarantee of Holding Company and the personal guarantee form the
Indian Directors. Unsecured Loans from Local Banks are guaranteed by the
personal guarantee from the Indian directors.
- Long Term Loan From State Bank of India and ICICI Bank are secured
term loans as per the agreements entered into with the respective banks.
However, pending creation of charge on the security and registration of
the same with ROC, same has been classified as unsecured loan.
Fixed Assets
Owned Assets
·
Free
·
Building
·
Plant and Machinery
·
Wind Energy Converter
·
Sub Station
·
Furniture, Fixture and Office Equipments
·
Vehicles
Leased Assets
·
Plant and Machinery
·
Vehicles
·
Office Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No 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. 65.74 |
|
UK Pound |
1 |
Rs. 99.53 |
|
Euro |
1 |
Rs. 73.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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.