MIRA INFORM REPORT
|
Report No. : |
346324 |
|
Report Date : |
24.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEGA INNOVATIVE CROPS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C/O Anas Motors Private Limited,
Teen Rasta Circle, ONGC Road, Ankleshwar – 393 001, Gujarat |
|
Tel. No.: |
91-9558761555 (Mr. P.D. Shuklaa) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.03.2008 |
|
|
|
|
Com. Reg. No.: |
04-053246 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.425
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239GJ2008PTC053246 |
|
|
|
|
IEC No.: |
3408001235 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM5426N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Improper of Agro Chemical and Fine chemicals.
|
|
|
|
|
No. of Employees
: |
110 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
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 |
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|
|
|
Comments : |
Subject was incorporated on 13th March, 2008. It is engaged
into business of manufacturing and exporting of Agro chemical and fine
chemicals. It has satisfactory track record. The rating takes into consideration decent networth base and fair
liquidity position of the company. Further, it has achieved significant growth
in its sales turnover and profit of the company. Trade relations are fair. Business is active. Payment are reported to
be usually correct. The company can be considered normal 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.
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. P.D. Shukla |
|
Designation : |
Factory Manager |
|
Contact No.: |
91-9687654314 |
|
Date : |
20.10.2015 |
LOCATIONS
|
Registered Office : |
C/O Anas Motors Private
Limited, Teen Rasta Circle, ONGC Road, Ankleshwar – 393 001, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9558761555 (Mr. P.D. Shuklaa) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No.415, G.I.D.C. Industrial Area, Panoli, Ankleshwar – 393 002,
Gujarat, India |
|
Tel. No.: |
91-2646-272417/ 244532 |
|
Fax No.: |
91-2646-243857 |
|
|
|
|
Industrial
Address : |
Plot No. 196, GIDC Industrial Area, Sukha Bharuch, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nasra Salahuddin Baig |
|
Designation : |
Director |
|
Address : |
51, Bhagyoday Society, Station Road, Ankleshwar – 393 001,
Gujarat, India |
|
Date of Birth/Age : |
06.10.1972 |
|
Date of Appointment : |
13.03.2008 |
|
DIN No.: |
00135502 |
|
|
|
|
Name : |
Mr. Salahuddin Hasanuddin Baig |
|
Designation : |
Managing Director |
|
Address : |
51, Bhagyoday Society, Station Road, Ankleshwar – 393 001,
Gujarat, India |
|
Date of Birth/Age : |
15.07.1961 |
|
Date of Appointment : |
18.01.2011 |
|
DIN No.: |
00135928 |
KEY EXECUTIVES
|
Name : |
Mr. P.D. Shukla |
|
Designation : |
Factory Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Salahuddn H. Baig |
|
804700 |
|
Nasra S. Baig |
|
44000 |
|
Ejaz Yusuf Laheri |
|
2000 |
|
Yasmin S. Baig |
|
2800 |
|
Rabiy Yusuf Laheri |
|
2000 |
|
Hasanuddin K. Baig |
|
3000 |
|
Mohd. Iqbal Ahmed Miya Shaikh |
|
12000 |
|
Mohd. Rafiq Ahmed Miya Shaikh |
|
52000 |
|
Ziyauddin H. Baig |
|
10000 |
|
Nasra Z. Baig |
|
10000 |
|
Total
|
|
942500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Improper of Agro Chemical and Fine
chemicals. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
|
Countries : |
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Imports : |
|
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Products : |
Raw Material |
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Countries : |
|
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Terms : |
|
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Selling : |
Cash, Advance Payment, L\C and Credit |
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|
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Purchasing : |
Cash, Advance Payment, L\C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesaler and Retailers
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No. of Employees : |
110 (Approximately) |
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Financial Institutions : |
Reliance Capital Limited,
"H" Block, 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne,
Navi Mumbai – 400 710, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Jayantilal K. Shah and Company Chartered Accountants |
|
Address : |
17, Indraprasth Shopping Arcade, Near Ankleshwar Railway Station, GIDC,
, Ankleshwar – 393 002, Gujarat, India |
|
Tel No.: |
91-221696/ 250313 |
|
Fax No.: |
91-2645-250313 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AJHPS7669B |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
|
Sister Concern : |
Mahendra Automobile, Ankleswar, Gujarat, India LOB : Mahendra Showroom Anas Motor, Gujarat, India LOB : Herohonda Showroom Mega Petroleum, Panoli, Ankleswar, Gujarat, India LOB : Petrolpump |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
942500 |
Equity Shares |
Rs.10/- each |
Rs. 9.425
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 |
9.425 |
7.225 |
3.772 |
|
(b) Reserves &
Surplus |
46.387 |
29.678 |
15.646 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
11.000 |
17.265 |
|
Total Shareholders’ Funds
(1) + (2) |
55.812 |
47.903 |
36.683 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
25.690 |
14.754 |
27.899 |
|
(b) Deferred tax
liabilities (Net) |
2.092 |
1.332 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.972 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
27.782 |
16.086 |
28.871 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
50.795 |
31.382 |
32.344 |
|
(b) Trade payables |
98.823 |
61.597 |
22.521 |
|
(c) Other current
liabilities |
15.512 |
10.151 |
0.000 |
|
(d) Short-term provisions |
1.332 |
1.112 |
0.000 |
|
Total Current Liabilities
(4) |
166.462 |
104.242 |
54.865 |
|
|
|
|
|
|
TOTAL |
250.056 |
168.231 |
120.419 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
80.015 |
64.156 |
59.095 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
5.603 |
3.951 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.683 |
1.181 |
12.078 |
|
(e) Other Non-current
assets |
1.200 |
1.290 |
0.032 |
|
Total Non-Current Assets |
91.501 |
70.578 |
71.205 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
59.908 |
51.041 |
34.063 |
|
(c) Trade receivables |
71.351 |
33.293 |
7.034 |
|
(d) Cash and cash
equivalents |
12.932 |
2.013 |
2.997 |
|
(e) Short-term loans and
advances |
12.835 |
9.450 |
0.000 |
|
(f) Other current assets |
1.529 |
1.856 |
5.120 |
|
Total Current Assets |
158.555 |
97.653 |
49.214 |
|
|
|
|
|
|
TOTAL |
250.056 |
168.231 |
120.419 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
414.587 |
183.885 |
111.539 |
|
|
Other Income |
0.593 |
0.723 |
1.316 |
|
|
TOTAL
(A) |
415.180 |
184.608 |
112.855 |
|
|
|
|
|
|
|
Less |
EXPENSES
|
|
|
|
|
|
Cost of Materials Consumed |
309.810 |
151.631 |
85.295 |
|
|
Purchases of Stock-in-Trade |
9.060 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
15.419 |
(14.186) |
(7.158) |
|
|
Employees benefits expense |
11.989 |
7.406 |
7.004 |
|
|
Other expenses |
42.140 |
26.323 |
17.502 |
|
|
TOTAL
(B) |
388.418 |
171.174 |
102.643 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
26.762 |
13.434 |
10.212 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.306 |
8.237 |
6.811 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.456 |
5.197 |
3.401 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
6.435 |
3.078 |
2.693 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
10.021 |
2.119 |
0.708 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
2.121 |
1.744 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
7.900 |
0.375 |
0.708 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
8.38 |
0.52 |
1.88 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
12.967 |
9.239 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.91 |
0.20 |
0.63 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.46 |
7.31 |
9.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.10 |
1.29 |
0.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.04 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.60 |
1.16 |
1.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
0.94 |
0.90 |
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 |
3.772 |
7.225 |
9.425 |
|
Reserves & Surplus |
15.646 |
29.678 |
46.387 |
|
Share Application money pending allotment |
17.265 |
11.000 |
0.000 |
|
Net worth |
36.683 |
47.903 |
55.812 |
|
|
|
|
|
|
long-term borrowings |
27.899 |
14.754 |
25.690 |
|
Short term borrowings |
32.344 |
31.382 |
50.795 |
|
Total borrowings |
60.243 |
55.375 |
89.452 |
|
Debt/Equity ratio |
1.642 |
1.156 |
1.603 |
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 |
111.539 |
183.885 |
414.587 |
|
|
|
64.862 |
125.460 |
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 |
111.539 |
183.885 |
414.587 |
|
Profit |
0.708 |
0.375 |
7.900 |
|
|
0.63% |
0.20% |
1.91% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last 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 |
OPERATING RESULT:
The operations during the year are reflected
in the Balance Sheet of the company.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan from Kotak Mahindra |
0.518 |
1.065 |
|
Total |
0.518 |
1.065 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10548349 |
31/01/2015 |
5,354,957.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
C43143734 |
|
2 |
10428780 |
17/05/2012 |
3,353,000.00 |
RELIANCE CAPITAL LIMITED |
"H" BLOCK 1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE CITY, KOPARKHAIRNE, NAVI MUMBAI, MAHARASHTRA - 400710, INDIA |
B70643804 |
|
3 |
10147921 |
17/10/2014 * |
176,854,000.00 |
ALLAHABAD BANK |
ATHUGAR STREET,, NANPURA, SURAT, GUJARAT - 395001, INDIA |
C36311389 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Furniture and Fixtures
- Office Equipment
- Computers and Printers
- Land
- Plant and Machinery
- Building
- Electrical Installation
- Laboratory Equipments
- Gas connection
- Air Condition
- Cycle
- Motor Car
- Refrigerator
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.64.88 |
|
UK Pound |
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.72.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
GEET |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
49 |
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.