MIRA INFORM REPORT

 

 

Report No. :

344707

Report Date :

10.10.2015

 

IDENTIFICATION DETAILS

 

Name :

TEAM FERRO-ALLOYS PRIVATE LIMITED

 

 

Registered Office :

Survey No. 357/2/2/1 and 357/2/3/2, Behind Dadra Garden, Dadra Nagar Havelli – 396230

Tel No.:

91-266-3290663

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

28.01.1998

 

 

Com. Reg. No.:

54-000257

 

 

Capital Investment / Paid-up Capital :

Rs.24.054 Million

 

 

CIN No.:

[Company Identification No.]

U27100DN1998PTC000257

 

 

IEC No.:

5298000959

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

SRTT00650G

 

 

PAN No.:

[Permanent Account No.]

AAACT8925A

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Exporter and Importer of Ferro Alloy, Core wire and Bio Gas Power Plant.

 

 

No. of Employees :

250 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (42)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 770000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject was incorporated in January 1998 by four promoters namely Mr. Anoop Kumar Gutgutia, Mr. Ram Janam Singh, Mr. Rajesh Kumar Singh and Mr. Sandeep Ramesh Kumar Goenka. It is engaged in manufacturing of Ferro alloys products, silico manganese and corded wire. The Company's products are used as consumables mainly in steel manufacturing industry. In addition, it is also involved in biomass power generation.  It has satisfactory track record.

 

Profitability of the company is low during FY2014. However, the company possesses a decent profile marked by decent networth base along with fair liquidity.

 

Trade relations are reported to be fair. Business is active. Payment terms are reported to be slow but correct.

 

In view of extensive experience of the promoters in the Ferro alloys industry and well-established customer relationship, the company can be considered for business dealings at usual trade terms and conditions

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

India

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

EXTERNAL AGENCY RATING

 

Rating Agency Name

ICRA

Rating

Cash credit: BB+

Rating Explanation

Have moderate risk of default.

Date

December 2014

 

 

Rating Agency Name

ICRA

Rating

Letter of credit facility: A4+

Rating Explanation

Have minimal degree of safety and carry very high credit risk.

Date

December 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

 

Name :

Mr. Dinesh Sharma

Designation :

Senior Account Officer

Contact No.:

91-9909334324

Date :

09.10.2015

 

 

LOCATIONS

 

Registered Office/ Factory 1 :

Survey No. 357/2/2/1 and 357/2/3/2, Behind Dadra Garden, Dadra Nagar Havelli – 396230, India

Tel. No.:

91-260-3290663/ 3251663

Mobile No.:

91-9909334324 [Mr. Dinesh Sharma]

Fax No.:

91-260-2669699

E-Mail :

accounts_dadra@teamferro.com

boonteam@rediffmail.com

gownka@teamferro.com

r_sharma@teamferro.com

admin@teamferro.com

ferro@teamferro.com

admin@teamferro.com

Website :

www.teamferro.com

Area :

5000 Sq. ft

Location :

Owned

 

 

Corporate Office :

Plot No. 79, Universal Annex, IV Floor, Shivaji Nagar, Nagpur-440010, Maharashtra, India

Tel. No.:

91-712-3018666/ 3018667/ 3018668

Fax No.:

91-712-3012660

 

 

Factory 2 :

Plot No. 3002, G.I.D.C., Sarigram, Valsad-396155, Gujarat, India

Tel. No.:

91-260-2780131

 

 

Factory 3 :

Survey No. 19, Village Gunded Balangar Mandal, Mehboob Nagar-509202, Andhra Pradesh, India

Tel. No.:

91-8548-320663

 

 

Factory 4:

A-19/ M.I.D.C, Butibori, District Nagpur, Maharashtra, India

Tel. No.:

91-7104-326347

 

 

Factory 5 :

B-17, MIDC, Village Mundipar, Gondia, Maharashtra, India

Tel. No.:

91-718-325518

Fax No.:

91-718-288438

 

 

Factory 7 :

Plot No. 79, Universal Annex, IV Floor, Shivaji Nagar, Nagpur-440010, Maharashtra, India

Tel. No.:

91-712-3018666/ 3256557

Fax No.:

91-712-3012660

E-Mail :

s_goenka@teamferro.com

dodake@teamferro.com

 

 

DIRECTORS

 

As on 30.09.2014

 

Name :

Mr. Sandeep Rameshkumar Goenka

Designation :

Director

Address :

204, Yash Complex, Amravati Road, Ravi Nahar, Nagpur – 440010, Maharashtra, India

Date of Birth/Age :

04.11.1971

Date of Appointment :

01.04.2006

DIN No.:

00920923

PAN No.:

ADYPG4796J

 

 

Name :

Mr. Manoj Kumar Agrawal

Designation :

Director

Address :

M-11, Anupam Nagar, Raipur – 493332, Chattisgarh, India

Date of Birth/Age :

25.11.1964

Date of Appointment :

01.04.2006

DIN No.:

00921305

PAN No.:

AFQPA3006F

 

 

Name :

Mr. Anoop Kumar Gutgutia

Designation :

Whole-time director

Address :

801, Balaji Tower, Daman Road, Chala, Vapi – 396191, Gujarat, India

Date of Birth/Age :

11.01.1961

Date of Appointment :

28.01.1998

DIN No.:

00922280

PAN No.:

AFDPG6973N

 

 

Name :

Mr. Rajeshkumar Janardan Singh

Designation :

Director

Address :

Plot No. 109, Chanod GIDC Vapi, Pardi, Valsad – 396001 Gujarat, India

Date of Appointment :

28.01.1998

DIN No.:

01938490

PAN No.:

AHKPS9891A

 

 

Name :

Mr. Singh Ramjanam

Designation :

Director

Address :

G-401, Nishigandh Apartment, Royal Garden, Chala, Via Vapi, Vapi - 396191, Gujarat, India

Date of Appointment :

28.01.1998

DIN No.:

02264763

 

 

Name :

Mr. Shankar Narayan Kalwani

Designation :

Director

Address :

Sai Colony, Krushnapura Ward, Bapat Chawl, Gondia - 441614, Maharashtra, India

Date of Appointment :

13.08.2012

DIN No.:

06364431

 

 

KEY EXECUTIVES

 

Name :

Mr. Dinesh Sharma

Designation :

Senior Accounts Officer

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

As on 30.09.2014

 

Names of Shareholders

 

No. of Shares

Anoop Kumar Gutgutia

 

23619

Singh Ramjanam

 

31019

Zenco Advisory Services Private Limited, India

 

23900

Asha Gutgutia

 

9296

Rama R. Singh

 

3571

Sandeep Rameshkumar Goenka

 

38003

Manoj Kumar Agrawal

 

38359

Bela Properties Private Limited, India

 

2333

Siddha Ventures Limited, India

 

8333

Gopalka Savings and Investment Private Limited, India

 

2500

Gurudham Sales Private Limited, India

 

15250

Rajeshkumar Janardan Singh

 

8797

Suvidha Suppliers Private Limited, India

 

330

Saral Metallurgicals Private Limited, India

 

32264

Niraj R.J. Singh 

 

2377

Ragini Ramjanam Singh

 

588

S K Freeo Alloys, India

 

1

TOTAL

 

240540

 

Equity Share Break up (Percentage of Total Equity)

 

As on 30.09.2014

 

Category

Percentage

Bodies corporate

35.30

Directors or relatives of Directors

64.70

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Importer of Ferro Alloy, Core wire and Bio Gas Power Plant.

 

 

Products :

Description of product or service category

ITC code

Cored Wire and Ferro Silicon

72022900

 

 

  • LC Ferro Managanse
  • Ferro Chrome
  • Ferro Silicon
  • Low Carbon
  • Medium Carbon
  • Extra low carbon
  • Ferro-Alloy producer
  • Produce Ferro Silico Calcium Cored Wire
  • Calcium Iron Cored Wire
  • Calcium Iron Aluminium Cored Wire
  • Calcium Cored Wire
  • Ferro Boron Cored Wire
  • Ferro Titanium Cored Wire

 

 

Brand Names :

Not Divulged

 

 

Agencies Held :

Not Divulged

 

 

Exports :

 

Products :

Finished Goods

Countries :

Gulf Country

 

 

Imports :

 

Products :

Raw Material

Countries :
  • China
  • Dubai
  • US
  • Thailand
  • Korea

 

 

Terms :

 

Selling :

L/C, Cash and Credit

 

 

Purchasing :

L/C, Cash and Credit

 

PRODUCTION STATUS NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

Customers :

Retailers, End Users, OEMS and Manufacturer

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Maximum Limit Dealt :

Not Divulged

Experience :

Not Divulged

Remark:

Not Divulged

 

 

No. of Employees :

250 (Approximately)

 

 

Bankers :
  • State Bank of India, Specialised Commercial Branch, Via House, GIDC, Vapi - 396195, Gujarat, India

CC/TL/LC: Rs. 492.700 Million

  • Punjab National Bank, GIDC Branch, Narayan Chambers, National Highway, Vapi – 396195, Gujarat, India
  • Punjab National Bank, Gunjan Road, Near Hotel Galaxy, GIDC, Char Rasta, Vapi - 396195, Gujarat, India
  • State Bank of India, Mid Corporate Branch, Shanti Complex, B/H. 21st Century Hospital, G.I.D.C., Vapi - 396195, Gujarat, India

 

 

Facilities :

Secured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Loans repayable on demand from banks

92.590

72.847

Loans and advances from others

2.789

0.375

Short-term borrowings

 

 

Term loans from banks

130.964

58.358

Working capital loans from banks

170.574

160.512

Loans repayable on demand from others

28.181

4.810

Total

425.098

296.902

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Shailendra Jain and Associates

Chartered Accountants

Address :

42/43/44, 2nd Floor, Sahara Market, Near Reliance Petrol Pump, Silvassa- Vapi Main Road, Vapi-396191, Gujarat, India

Tel. No.:

91-260-6543877/ 2422966

Mobile No.:

91-9825198946

PAN N Income-tax PAN of auditor or auditor's firm :

ABNPJ2331F

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Subsidiary company :
  • Team Remedies Private Limited, India [U24230DN2011PTC000379]

 

 

Associate :
  • Saturn Ferro Alloys Private Limited, India [U27103CT1992PTC006998]
  • Saral Metallurgicals Private Limited, India [U13100MH2005PTC158208]
  • Boon Metal and Alloys Corp
  • Sri Ganesh Ferro Alloys

 

 

CAPITAL STRUCTURE

 

As on 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

1000000

Equity Shares

Rs.100/- each

Rs.100.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

240540

Equity Shares

Rs.100/- each

Rs.24.054 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

24.054

22.633

22.633

(b) Reserves & Surplus

244.146

228.687

273.022

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

0.000

6.700

10.700

Total Shareholders’ Funds (1) + (2)

268.200

258.020

306.355

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

115.378

112.673

166.328

(b) Deferred tax liabilities (Net)

0.000

0.000

16.177

(c) Other long term liabilities

0.274

100.501

0.374

(d) long-term provisions

2.990

6.111

0.597

Total Non-current Liabilities (3)

118.642

219.285

183.476

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

329.720

223.679

287.681

(b) Trade payables

216.957

179.177

185.324

(c) Other current liabilities

41.428

70.727

74.395

(d) Short-term provisions

5.552

1.395

5.556

Total Current Liabilities (4)

593.657

474.978

552.956

 

 

 

 

TOTAL

980.499

952.283

1042.787

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

371.585

390.138

408.970

(ii) Intangible Assets

0.224

0.230

0.345

(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

19.782

17.852

23.619

(c) Deferred tax assets (net)

0.557

3.542

0.000

(d)  Long-term Loan and Advances

18.744

19.506

18.190

(e) Other Non-current assets

4.136

6.550

6.355

Total Non-Current Assets

415.028

437.818

457.479

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

153.481

98.185

192.242

(c) Trade receivables

312.943

323.498

211.073

(d) Cash and cash equivalents

22.330

15.162

115.609

(e) Short-term loans and advances

73.129

74.097

64.943

(f) Other current assets

3.588

3.523

1.441

Total Current Assets

565.471

514.465

585.308

 

 

 

 

TOTAL

980.499

952.283

1042.787

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

Revenue From Operations

1537.121

1499.722

1751.970

 

Other Income

NA

6.086

 

 

TOTAL

NA

1505.808

1751.970

 

 

 

 

 

Less

EXPENSES

NA

1550.274

1707.512

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION

24.892

(44.394)

44.458

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

20.761

20.818

20.595

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

4.131

(65.212)

23.863

 

 

 

 

 

Less

TAX

3.024

(19.562)

3.370

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1.107

(45.650)

20.493

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

4.60

(201.70)

90.54

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

1800.000

 

Expected Sales (2015-2016) : Rs.1900.000 Million

 

The above information has been parted by Mr. Dinesh Sharma

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term debt

30.318

60.775

60.949

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

41.785

6.973

159.899

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.07

(3.04)

NA

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.43

(7.01)

2.34

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.02

(0.25)

0.08

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.77

1.54

1.68

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

0.95

1.08

1.06

 

 

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

22.633

22.633

24.054

Reserves & Surplus

273.022

228.687

244.146

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

10.700

6.700

0.000

Net worth

306.355

258.020

268.200

 

 

 

 

long-term borrowings

166.328

112.673

115.378

Short term borrowings

287.681

223.679

329.720

Current maturities of long-term debts

60.949

60.775

30.318

Total borrowings

514.958

397.127

475.416

Debt/Equity ratio

1.681

1.539

1.773

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Revenue From Operations

1499.722

1537.121

 

2.494

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2013

31.03.2014

 

(Rs. In Million)

(Rs. In Million)

Revenue From Operations

1499.722

1537.121

Profit

(45.650)

1.107

 

(3.04%)

0.07%

 

 

 

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

Yes

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

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 four 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

Yes

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

 

NOTE:

 

The registered office of the company has been shifted from 204/205, Pancharatna Building, Char Rasta, GIDC, Vapi - 396195, Gujarat, India to the present w.e.f.09.06.2007.

 

UNSECURED LOAN

 

Unsecured Loan

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

Long-term Borrowings

 

 

Intercorporate deposits

20.000

23.500

Deposits from shareholders

0.000

15.950

Total

20.000

39.450

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10260657

24/03/2015 *

492,700,000.00

STATE BANK OF INDIA

MID CORPORATE BRANCH, 1ST FLOOR, SHANTI COMPLEX,,
OPP. HOTEL PRIME, GIDC,, VAPI, GUJARAT - 396195,
INDIA

C50585488

2

10213692

24/03/2015 *

492,700,000.00

STATE BANK OF INDIA

MID CORPORATE BRANCH, 1ST FLOOR, SHANTI COMPLEX,,
OPP. HOTEL PRIME, GIDC,, VAPI, GUJARAT - 396195,
INDIA

C50586007

 

* Date of charge modification

 

FIXED ASSETS

 

Tangible assets

 

  • Land

 

  • Buildings
  • Plant and equipment
  • Furniture and fixtures
  • Vehicles
  • Office equipment
  • Computer equipments
  • Other equipments

 

Intangible assets

 

  • Goodwill
  • 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, 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 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.64.78

UK Pound

1

Rs.99.54

Euro

1

Rs.73.08

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRT

 

 

Analysis Done by :

RAS

 

 

Report Prepared by :

KVT

 

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

--PROFITABILITY

1~10

2

--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

YES

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

42

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

 

Financial condition (40%)            Ownership background (20%)                  Payment record (10%)

Credit history (10%)                   Market trend (10%)                                Operational size (10%)

 

 

RATING EXPLANATIONS

 

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

71-85

Aa

Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums

 

Large

56-70

A

Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums

 

Fairly Large

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

11-25

Ca

Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity

 

Limited with full security

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

                                       New Business

 

--

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.