MIRA INFORM REPORT
|
Report No. : |
343837 |
|
Report Date : |
05.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAJLAXMI METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gala No 3, Shiley Industrial Estate, Udyog Nagar, Goregaon (West),
Mumbai –
400062, Maharashtra |
|
Tel. No.: |
91-22-28752280 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.01.1981 |
|
|
|
|
Com. Reg. No.: |
11-023746 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28910MH1981PTC023746 |
|
|
|
|
IEC No.: |
0388130954 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR2995K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Trader and Importer of Brass Rods and Waste Papers. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1981. It is
having satisfactory track record. Rating takes into consideration sound financial risk profile of the
company marked by adequate networth base along with comfortable gearing in
FY14. The company has reported increase in its revenue base along with
decent profit margin in the year under consideration. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of long track record of business operations, the company can
be considered for business dealings with usual trade terms and
conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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. Bharat Kundaliya |
|
Designation : |
Chief Accountant |
|
Contact No.: |
91-288-2560111 |
|
Date : |
03.10.2015 |
LOCATIONS
|
Registered Office : |
Gala No 3, Shiley Industrial Estate, Udyog Nagar, Goregaon (West),
Mumbai –
400062, Maharashtra, India |
|
Tel. No.: |
91-22-28752280 |
|
Mobile No.: |
91-9869472280 [Mr. Rajendra] |
|
Fax No.: |
91-22-22743477 |
|
E-Mail : |
|
|
Area : |
800 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Factory : |
B/50, GIDC Sankar Tekri, Udyog Nagar, Jamnagar – 361004, Gujarat,
India |
|
Tel. No.: |
91-288-2560111-13 |
|
Fax No.: |
91-288-2560114 |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Darshak Chandrakant Savla |
|
Designation : |
Director |
|
Address : |
56, Digvijay Plot, Jamnagar – 361005, Gujarat, India |
|
Date of Birth/Age : |
04.08.1977 |
|
Date of Appointment : |
30.09.1998 |
|
DIN No.: |
00166042 |
|
|
|
|
Name : |
Mr. Himesh Ramniklal Shah |
|
Designation : |
Director |
|
Address : |
Sonil Club Road, Jamnagar – 361005, Gujarat, India |
|
Date of Birth/Age : |
16.07.1969 |
|
Date of Appointment : |
20.11.2008 |
|
DIN No.: |
00186526 |
|
|
|
|
Name : |
Harshil Dhirajlal Dodhia |
|
Designation : |
Director |
|
Address : |
501, Labh Apartment, HDFC Bank Road, Jamnagar – 361008, Gujarat, India |
|
Date of Birth/Age : |
25.06.1982 |
|
Date of Appointment : |
01.04.2010 |
|
DIN No.: |
02928748 |
KEY EXECUTIVES
|
Name : |
Mr. Bharat Kundaliya |
|
Designation : |
Chief Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ramniklal Keshavji Shah |
|
5250 |
|
Lillavanti Ramniklal Shah |
|
4750 |
|
Jasmin Jayendrabhai Dodhia |
|
1300 |
|
Shrenik Chandulal Dodhia |
|
3700 |
|
Sarojben Chandrakant Savla |
|
3250 |
|
Darsak Chandrakant Savla |
|
3500 |
|
Chandrakant Hirjibhai Savla |
|
3250 |
|
Savitaben Veljibhai |
|
9000 |
|
Milan Chandulal HUF |
|
5000 |
|
Kumudben J. Dodhia |
|
5750 |
|
Hansaben Dhirajlal Dodhia |
|
8000 |
|
Harshil Dhirajlal Dodhia |
|
3000 |
|
Nirav Jayendra Dodhia |
|
6125 |
|
Rajvee Shrenik Dodhia |
|
13125 |
|
Dhiarajlal K. Dodhia |
|
1500 |
|
Sonil R. Shah |
|
5000 |
|
Himesh R. Shah |
|
5000 |
|
Milan C. Dodhia |
|
4000 |
|
Jayendra K. Shah HUF |
|
1250 |
|
Dhirajla K. Dodhia HUF |
|
1250 |
|
Jayendra K. Shah |
|
2000 |
|
Himesh R. Shah |
|
2500 |
|
Sonil R. Shah |
|
2500 |
|
|
|
|
|
Total |
|
100000 |
AS ON 29.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
47.00 |
|
Other
top fifty shareholders |
53.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of Brass Rods and Waste Papers. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
Brass Rods |
|
Countries : |
· Singapore · UAE · UK |
|
|
|
|
Terms : |
|
|
Selling : |
Cash |
|
|
|
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
60 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· Central Bank of India Mandvi Tower, Jamnagar - 361001, Gujarat, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mr. Rajnikant V. Pragada Chartered Accountant |
|
Address : |
102, Riddhi Siddhi, Opposite Axis Bank, Park Colony Main Road,
Jamnagar – 361008, Gujarat, India |
|
Tel. No.: |
91-288-2558952 |
|
Income-tax
PAN of auditor or auditor's firm : |
ANTPP0162A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
· Nirav Chicory Processors · Rajhans Enterprise · Rajhans Metals Private Limited · Rajhans Alloys Private Limited · Vaibhav Paper Boards Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs. 100/- each |
Rs. 10.000 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 |
10.000 |
10.000 |
2.000 |
|
(b) Reserves & Surplus |
62.450 |
52.697 |
51.133 |
|
(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) |
72.450 |
62.697 |
53.133 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
185.189 |
181.695 |
165.420 |
|
(b) Deferred tax liabilities (Net) |
0.201 |
0.231 |
0.253 |
|
(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) |
185.390 |
181.926 |
165.673 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
17.538 |
15.336 |
0.215 |
|
(b)
Trade payables |
13.501 |
0.029 |
0.051 |
|
(c)
Other current liabilities |
0.507 |
2.093 |
0.446 |
|
(d)
Short-term provisions |
1.673 |
1.688 |
2.660 |
|
Total
Current Liabilities (4) |
33.219 |
19.146 |
3.372 |
|
|
|
|
|
|
TOTAL |
291.059 |
263.769 |
222.178 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
8.678 |
9.444 |
10.809 |
|
(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 |
8.814 |
0.001 |
0.001 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
225.365 |
188.574 |
141.930 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
242.857 |
198.019 |
152.740 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.423 |
0.090 |
0.520 |
|
(c)
Trade receivables |
44.529 |
65.007 |
64.846 |
|
(d)
Cash and cash equivalents |
1.705 |
0.507 |
0.146 |
|
(e)
Short-term loans and advances |
1.545 |
0.146 |
3.926 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
48.202 |
65.750 |
69.438 |
|
|
|
|
|
|
TOTAL |
291.059 |
263.769 |
222.178 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
148.550 |
143.262 |
|
|
|
|
Other Income |
26.366 |
21.670 |
|
|
|
|
TOTAL |
174.916 |
164.932 |
NA
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
158.576 |
148.909 |
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.340 |
16.023 |
19.571 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
1.271 |
1.360 |
1.366 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.069 |
14.663 |
18.205 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.026 |
4.864 |
6.143 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
10.043 |
9.799 |
12.062 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
121.936 |
113.595 |
127.926 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
100.43 |
97.99 |
120.62 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
170.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs. 220.000 Million
The above information has been parted by Mr. Bharat Kundaliya (Chief
Accountant)
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) |
(%) |
6.76 |
6.84 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.34 |
5.56 |
8.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.23 |
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.80 |
3.14 |
3.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45 |
3.43 |
20.59 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
2.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
51.133 |
52.697 |
62.450 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
53.133 |
62.697 |
72.450 |
|
|
|
|
|
|
Long-term borrowings |
165.420 |
181.695 |
185.189 |
|
Short term borrowings |
0.215 |
15.336 |
17.538 |
|
Total
borrowings |
165.635 |
197.031 |
202.727 |
|
Debt/Equity ratio |
3.117 |
3.143 |
2.798 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Revenue from Operations |
143.262 |
148.550 |
|
|
|
3.691 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Revenue from Operations |
143.262 |
148.550 |
|
Profit |
9.799 |
10.043 |
|
|
6.84% |
6.76% |
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 |
Yes |
|
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 |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10380840 |
25/09/2012 * |
17,500,000.00 |
CENTRAL BANK OF
INDIA |
MANDVI TOWER,
JAMNAGAR, GUJARAT - 361001, INDIA |
B60425592 |
|
2 |
10032106 |
23/07/2015 * |
388,200,000.00 |
STATE BANK OF
INDIA |
DIGVIJAY PLOT
BRANCH, NR. DIGVIJAY POLICE GATE, JAMNAGAR, GUJARAT - 361005, INDIA |
C62157870 |
|
3 |
90229739 |
26/04/2003 * |
10,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
JAMNAGAR,
JAMNAGAR, GUJARAT, INDIA |
- |
|
4 |
90229511 |
07/11/2000 * |
10,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
JAMNAGAR,
JAMNAGAR, GUJARAT, INDIA |
- |
|
5 |
90232525 |
07/11/2000 * |
10,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
JAMNAGAR, JAMNAGAR,
GUJARAT, INDIA |
- |
|
6 |
90232524 |
15/04/2003 * |
10,000,000.00 |
ORIENTAL BANK OF
COMMERCE |
JAMNAGAR,
JAMNAGAR, GUJARAT, INDIA |
- |
|
7 |
90228512 |
06/06/1998 * |
200,000.00 |
STATE BANK OF
SAURASHTRA |
DIGVIJAY PLOT, JAMNAGAR,
MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Shareholders |
6.850 |
2.300 |
|
From Relatives |
23.950 |
23.850 |
|
From Others |
154.389 |
155.545 |
|
|
|
|
|
Total |
185.189 |
181.695 |
OPERATIONS
The Company's trading
increased by 7.93% in compare to previous year and Job Work Income has also been
reduced by 13.52% in compare to previous year. The Company has earring profit
after tax and depreciation of Rs. 10.042 Million for the current year.
FINANCE
All the commitments
relating to repayments to bank and other external agencies have been fulfilled
well within the prescribed limits.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
|
|
|
|
Collateral security given by the company |
6.001 |
6.001 |
FIXED ASSETS:
· Buildings
· Plant and Machinery
· Furniture and Fittings
· Office Equipments
· Vehicles
· Others
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. 65.55 |
|
|
1 |
Rs. 99.17 |
|
Euro |
1 |
Rs. 73.08 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.