MIRA INFORM REPORT
|
Report No. : |
345185 |
|
Report Date : |
17.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
NN COMBINED ENGINEERING AGENCIES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
COMBINED ENGINEERING AGENCIES |
|
|
|
|
Registered
Office : |
1-7-297/20, 125, M.G. Road, Secundarabad – 500003, Telangana |
|
Tel. No.: |
91-40-27844279 / 27898579 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
01.04.1999 |
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|
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Com. Reg. No.: |
36-031454 |
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Capital
Investment / Paid-up Capital : |
Rs.2.180 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74200TG1999PTC031454 |
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|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Subject is engaged in Sales, Service and selling agent for tools and
engineering machinery. |
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|
|
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No. of Employees
: |
48 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 27100 |
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|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. It is sales agent
for tools and engineering machinery. The company has incurred losses from its operations during FY2014 and
sales turnover has drastically declaimed in the year under consideration. Further as per director’s report, it is mentioned that three companies
in their product portfolio were lost due to various reason in 2012-2013,
which has impacted sales performance of the year 2014. Further, minimal reserves level along with increasing external
borrowings of the company leading to moderate financial risk profile. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. In view of aforesaid, the company can be considered for 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
Subject’s name has been found enlisted as a
defaulter in the publicly available RBI Defaulters’ list and the details of the
same are as under :
|
Borrowers’ Name : |
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|
Address : |
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Name of Individual : |
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Name of Credit Grantors / Bank & Branch: |
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Amount (Rs. In Millions) : |
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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.
Subject’s name has been found enlisted as a
defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’
list as of 31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Stany |
|
Designation : |
Senior Manager |
|
Contact No.: |
91-40-27844279 |
|
Date : |
14.10.2015 |
LOCATIONS
|
Registered Office : |
1-7-297/20, 125, M.G. Road, Secundarabad – 500003, Telangana |
|
Tel. No.: |
91-40-27844279 / 27898579 |
|
Fax No.: |
91-40-27841652 |
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E-Mail : |
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|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Neomi Maria Francis |
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|
Designation : |
Whole Time Director |
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|
Address : |
# 15, Meghna Manor, 9-1-87/5, Old Lancer Road, Secunderbad – 500 025, Telangana, India |
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Date of Birth/Age : |
28.03.1964 |
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Date of Appointment : |
24.09.2010 |
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DIN No.: |
00057248 |
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Other
Directorship :
|
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Name : |
Mr. Nikhil Angelo Gerald Nayak |
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Designation : |
Managing Director |
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Address : |
H. No.9-1-87/5, Old Lancer Lane, 5 Meghna Manor, Secunderbad–500 025, Telangana, India |
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|
Date of Birth/Age : |
21.04.1973 |
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|
Date of Appointment : |
31.08.2009 |
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DIN No.: |
00065197 |
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Other Directorship :
|
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|
Name : |
Nymphea Reddy |
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Designation : |
Whole Time Director |
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Address : |
4 C2, Jaagruthi Residency, Road No:10, East Marredpally,
Secunderbad-500 026, Telangana,
India |
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|
Date of Birth/Age : |
25.11.1966 |
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Date of Appointment : |
24.09.2010 |
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DIN No.: |
00320140 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Stany |
|
Designation : |
Senior Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Neomi Maria Francis |
543 |
24.91 |
|
Nikhil Angelo Gerald Nayak |
544 |
24.95 |
|
Nymphea Reddy |
543 |
24.91 |
|
Nisha Nayak Desouza |
543 |
24.91 |
|
Hygino Rozario |
7 |
0.32 |
|
|
|
|
|
Total |
2180 |
100.00 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
99.68 |
|
Other |
0.32 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Sales, Service and selling agent for tools and
engineering machinery. |
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|
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|
Products/ Services : |
Tools and engineering machinery. |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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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
|
Suppliers : |
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Customers : |
Wholesalers and End Users |
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No. of Employees : |
480 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Sekhar and Company Chartered Accountants |
|
Address : |
133/4, Rashtrapathi Road, Secundrabad–500 003, Telangana, India |
|
Tel. No. : |
91-40-27533391/ 27536342/ 27543132 |
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Fax No. : |
91-40-27536317 |
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E-Mail : |
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PAN
No. : |
AAGFS4470E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.1000/- each |
Rs.5.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2180 |
Equity Shares |
Rs.1000/- each |
Rs.2.180 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 |
2.180 |
2.180 |
2.180 |
|
(b) Reserves &
Surplus |
7.296 |
16.044 |
12.563 |
|
(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) |
9.476 |
18.224 |
14.743 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
10.661 |
4.356 |
2.429 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
10.661 |
4.356 |
2.429 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
12.879 |
12.814 |
10.092 |
|
(b) Trade payables |
11.404 |
16.321 |
16.063 |
|
(c) Other current
liabilities |
5.289 |
7.845 |
7.484 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
29.572 |
36.980 |
33.639 |
|
|
|
|
|
|
TOTAL |
49.709 |
59.560 |
50.811 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.025 |
3.818 |
4.273 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
4.165 |
0.440 |
0.389 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
1.269 |
1.170 |
0.353 |
|
Total Non-Current Assets |
8.459 |
5.428 |
5.015 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
3.703 |
3.103 |
2.003 |
|
(b) Inventories |
15.917 |
18.263 |
15.917 |
|
(c) Trade receivables |
18.036 |
29.865 |
24.179 |
|
(d) Cash and cash
equivalents |
3.552 |
2.831 |
3.514 |
|
(e) Short-term loans and
advances |
0.042 |
0.070 |
0.183 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
41.250 |
54.132 |
45.796 |
|
|
|
|
|
|
TOTAL |
49.709 |
59.560 |
50.811 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
80.034 |
118.059 |
114.492 |
|
|
|
Other Income |
0.335 |
0.053 |
0.361 |
|
|
|
TOTAL |
80.369 |
118.112 |
114.853 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
37.696 |
59.383 |
62.047 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
2.346 |
(2.346) |
(6.034) |
|
|
|
Employees benefits expense |
0.000 |
0.000 |
31.952 |
|
|
|
Other expenses |
49.159 |
52.438 |
16.142 |
|
|
|
TOTAL |
89.201 |
109.475 |
104.107 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(8.832) |
8.637 |
10.746 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.802 |
2.442 |
2.302 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(11.634) |
6.195 |
8.444 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.839 |
1.101 |
1.247 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(12.473) |
5.094 |
7.197 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(3.725) |
1.613 |
2.298 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(8.748) |
3.481 |
4.899 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.044 |
2.563 |
2.164 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
5.000 |
4.500 |
|
|
BALANCE CARRIED
TO THE B/S |
(7.704) |
1.044 |
2.563 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Agency Commission Received |
23.352 |
31.697 |
30.322 |
|
|
TOTAL EARNINGS |
23.352 |
31.697 |
30.322 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(4012.84) |
1596.79 |
2248.00 |
|
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 |
(1.880) |
3.438 |
NA |
|
Net cash flow from operating activities |
(2.161) |
1.554 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(10.93) |
2.95 |
4.28 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(11.04) |
7.32 |
9.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(27.39) |
8.62 |
14.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.32) |
0.28 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.48 |
0.94 |
0.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.46 |
1.36 |
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 |
2.180 |
2.180 |
2.180 |
|
Reserves & Surplus |
12.563 |
16.044 |
7.296 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
14.743 |
18.224 |
9.476 |
|
|
|
|
|
|
long-term borrowings |
2.429 |
4.356 |
10.661 |
|
Short term borrowings |
10.092 |
12.814 |
12.879 |
|
Total borrowings |
12.521 |
17.170 |
23.540 |
|
Debt/Equity ratio |
0.849 |
0.942 |
2.484 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
114.492 |
118.059 |
80.034 |
|
|
|
3.116 |
(32.208) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
114.492 |
118.059 |
80.034 |
|
Profit/ Loss |
4.899 |
3.481 |
(8.748) |
|
|
4.28% |
2.95% |
(10.93%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
The Company is engaged in Sale, Service and Distribution agent of machine tools and engineering machinery. The Company is committed to investing in Research and Development to develop technologies together with government institutions such as CSlR - CEERl (Central Electronics Engineering Research Institute) and DRDO - SSP1 (Solid State Physics Laboratory, Timarpur).
BUSINESS OPERATIONS
The past year of FY 2013 - 14 has been a challenging year for the company with a negative growth in Sales and Performance. Manufacturing Industries were down YOY by average of 35 - 40% in our sector with several companies faring worse. The primary reasons for this was a complete shutdown of Core Sectors such as Mining (Raw Materials) and Coal Industry (Power Shortage). Infrastructure Projects have been on freeze due to the policy shutdown at the local and national level.
Financially companies in our sector were adversely affected due to the increase in the USD Exchange Rate (20%) which impacted bottom lines further. With poor support from financial institutions, cash flows from almost all customers dried up with payments being delayed over 90 - 180 days.
As a result of the poor financial conditions several Defense Projects slated for finalization last year were postponed or delayed due to funds being allocated elsewhere. Projects from large government PSU companies like HAL and Ordnance Factories were postponed altogether.
Three companies in their product portfolio were lost due to various reasons in 2012 – 13 impacting Sales Performance last year. Two companies Dittel GmbH, Germany and Artis GmbH, Germany were purchased in Europe by the Marposs Group, Italy and hence their Distributor Agreements were closed by mutual consent.
Another company in their portfolio, Botek Germany, with the participation of former employees derailed a JV discussion and Sales in their territory. Their company took a unanimous decision to terminate their contract in March 2013 which negatively impacted Sales Performance.
Despite these setbacks the company put in a credible performance giving optimism for FY 2014-15. With several of the overwhelming factors removed, the company is sure to rebound with a strong performance in the coming year. The lessons learnt in the difficult times of the recession have made the company more efficient with resources and in their processes. Inventory has been reduced and streamlined - reducing costs.
Mechanism for Recovery of Dues has been implements which will help improve cash flows. Efficiency in the various internal processes are bound to result in higher performance of the team overall.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from Directors |
9.752 |
3.497 |
|
Loans from shareholders |
0.909 |
0.859 |
|
Total |
10.661 |
4.356 |
|
NOTE: LONG TERM
BORROWINGS Loans from directors and shareholders are unsecured. Loans from Directors
to the extent of Rs.6.000 Million do not carry interest and all loans from
Directors as well as shareholders carry an interest of 18% payable annually. |
||
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10248413 |
01/10/2010 |
13,000,000.00 |
3I INFOTECH TRUSTEESHIP SERVICES LIMITED |
6TH FLOOR, ACKRUTI CENTER POINT, MIDC CENTRAL ROAD |
A97926372 |
FIXED ASSETS
- Land
- Building
- Computers
- Furniture and Fixtures
- Plant and Equipment’s
- Vehicles
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 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.64.96 |
|
|
1 |
Rs.100.53 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--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 |
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 |
|
28 |
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.