MIRA INFORM REPORT

 

 

Report No. :

347898

Report Date :

16.10.2015

 

IDENTIFICATION DETAILS

 

Name :

SCREENOTEX ENGINEERS PRIVATE LIMITED

 

 

Registered Office :

Divya Jyoti, Swastik Society, Navrangpura, Ahmedabad-380009, Gujarat

Tel. No.:

91-79-25715288

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

10.05.1993

 

 

Com. Reg. No.:

04-019413

 

 

Capital Investment / Paid-up Capital :

Rs. 6.000 Million

 

 

CIN No.:

[Company Identification No.]

U29120GJ1993PTC019413

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer, Exporter and Importer of Flat Bed Screen Printing Machines, Textile Processing Machinery, Textile Finishing Machinery, Textile Dyeing Machinery, etc.

 

 

No. of Employees :

125 (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 1993 having satisfactory track.

 

Subject is engaged in the business as manufacturer, exporter and importer of flat bed screen printing machinery and textile dying machinery.

 

Available financial indicates sound financial risk profile marked by satisfactory net worth base with fair liquidity and acceptable profit margin of the company.

 

The rating further takes into consideration favorable gap between trade payables and trade receivables.

 

Trade relations are reported as fair. Business is active. Payment terms are reported as usually correct and as per commitment.

 

In view of long track record and acceptable financial base, 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.

 

 

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

 

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. Hemantkumar Maneklal Patel

Designation :

Director

Contact No.:

91-9426504313

Date :

16.10.2015

 

 

LOCATIONS

 

Registered Office :

Divya Jyoti, Swastik Society, Navrangpura, Ahmedabad-380009, Gujarat, India

Tel. No.:

Not Available

Mobile No.:

91-9426504313 (Mr. Hemantkumar Maneklal Patel)

Fax No.:

Not Available

E-Mail :

screenotexprint@gmail.com;

sales@screenotex.com;

info@screenotex.com

Website :

www.screenotex.com

 

 

Factory :

Mohmad Sarif Devdiwala Compound, Near Weizmann Limited, Narol-Vatva Road, Narol, Ahmedabad–382405, Gujarat, India

Tel. No.:

91-79-25715288/ 25713592

Fax No.:

91-79-25712422

 

 

Admin Office :

201, New Cloth Market, Outside Raipur Gate, Ahmedabad-380002, Gujarat, India

Tel. No.:

91-79-22113406

 

 

DIRECTORS

 

AS ON 27.09.2014

 

Name :

Mr. Maneklal Hargovandas Patel

Designation :

Director

Address :

'Divyajyoti', Swastik Society, Navrangpura, Ahmedabad-380009, Gujarat, India

Date of Appointment :

08.04.1995

DIN No.:

00457510

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U65910GJ1983PTC006087

HARSHJIVAN HOLDINGS PRIVATE LIMITED

Director

13/04/1983

13/04/1983

Active

NO

2

U51494GJ1985PTC007760

SHETH PATEL TRADING COMPANY PRIVATE LIMITED

Director

01/04/1985

01/04/1985

Active

NO

3

U29120GJ1993PTC019413

SCREENOTEX ENGINEERS PRIVATE LIMITED

Director

08/04/1995

08/04/1995

Active

NO

4

U51909GJ1999PTC036924

MANEKLAL HARGOVANDAS TRADING COMPANY PRIVATE LIMITED

Director

25/11/1999

25/11/1999

Active

NO

 

 

Name :

Mr. Nitinkumar Maneklal Patel

Designation :

Director

Address :

'Divyajyoti', Swastik Society,, Navrangpura,, Ahmedabad-380009, Gujarat, India

Date of Appointment :

08.04.1995

DIN No.:

00457516

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U65910GJ1983PTC006087

HARSHJIVAN HOLDINGS PRIVATE LIMITED

Director

13/04/1983

13/04/1983

Active

NO

2

U51494GJ1985PTC007760

SHETH PATEL TRADING COMPANY PRIVATE LIMITED

Director

31/03/1995

31/03/1995

Active

NO

3

U29120GJ1993PTC019413

SCREENOTEX ENGINEERS PRIVATE LIMITED

Director

08/04/1995

08/04/1995

Active

NO

4

U51909GJ1999PTC036924

MANEKLAL HARGOVANDAS TRADING COMPANY PRIVATE LIMITED

Director

25/11/1999

25/11/1999

Active

NO

5

U20299GJ1983PLC005945

SUNDEK INDIA LIMITED

Director

30/09/2010

07/12/2009

Active

NO

 

 

Name :

Mr. Hemantkumar Maneklal Patel

Designation :

Director

Address :

'Divyajyoti', Swastik Society, Navrangpura, Ahmedabad-380009, Gujarat, India

Date of Appointment :

10.05.1993

DIN No.:

00457519

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U29120GJ1993PTC019413

SCREENOTEX ENGINEERS PRIVATE LIMITED

Director

10/05/1993

10/05/1993

Active

NO

2

U51494GJ1985PTC007760

SHETH PATEL TRADING COMPANY PRIVATE LIMITED

Director

31/03/1994

31/03/1994

Active

NO

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.09.2014

 

Names of Shareholders

 

No. of Shares

 

Bharatku.Maneklal HUF

 

30000

Kanaiyalal Hargovandas Patel

 

200

Kaushal Bharat Ku. Patel

 

30000

Natavarlal hargovandas Patel

 

1500

Nitin Maneklal Patel HUF

 

10000

Bharat Maneklal Patel

 

39500

Hemantku. Maneklal Patel

 

122600

Hemantku. Maneklal Patel HUF

 

15000

Maneklal Hargovandas Patel

 

101500

Nitin Maneklal Patel

 

80600

Priyam Nitinku Patel

 

30000

Tapan Hemantku. Patel

 

15000

Bharatiben Kanaiyalal Patel

 

600

Kantaben Maneklal Patel

 

40200

Niharika Hemant Patel

 

20500

Pravinaben Nitin Ku. Patel

 

20500

Varshaben Bharat Ku.Patel

 

40500

Urvashiben Natwarlal Patel

 

1800

Total

 

600000

 

 

AS ON 27.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

Total

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer, Exporter and Importer of Flat Bed Screen Printing Machines, Textile Processing Machinery, Textile Finishing Machinery, Textile Dyeing Machinery, etc.

 

 

Brand Names :

--

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Finished Goods

Countries :

·         Bangladesh

·         Africa

·         Indonesia

 

 

Imports :

 

Products :

--

Countries :

--

 

 

Terms :

 

Selling :

Advance Payment and Credit

 

 

Purchasing :

Advance Payment and Credit

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Company Name :

Mohit and Company, Ahmedabad

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

End Users

 

Company Name :

Jindal Prints, Surat

Name Of The Person (Designation):

Mr. Pravin Jindal (Owner)

Contact Number:

91-9374726766

Since How Long Known:

10 Years

Maximum Limit Dealt:

Not Divulged

Experience:

Product Quality

Delivery Behaviour

Overall

Good

Good

Good

Remark

They Gave Us Positive Response About Subject Company They Are Satisfied With Their Product Quality And Delivery Behaviour.

 

·         Akash Fashion Print Private Limited

·         B.M.P Textile Mills Private Limited

·         Chiripal Industries Limited

·         CTM Textile Mills Limited

·         Bajaj Processors Limited

 

 

No. of Employees :

125 (Approximately)

 

 

Bankers :

Bank Name:

Bank of India

Branch:

New Cloth Market Branch, New Cloth Market, O/S Raipur Gate, Ahmedabad - 380002, Gujarat, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

Working Capital loans from banks

16.456

27.979

 

 

 

Total

16.456

27.979

 

Banking Relations :

--

 

 

Auditors :

 

Name :

Nandubhai C Patel and Company

Chartered Accountants

Address :

3-B Block First Floor, Vasupujya Chambers Ashram Road, Ahmedabad-380014, Gujarat, India

E-Mail :

ca_rupesh83@rediffmail.com

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

AAGFN7826H

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

600,000

Equity Shares

Rs. 10/- each

Rs. 6.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

600,000

Equity Shares

Rs. 10/- each

Rs. 6.000 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

6.000

6.000

6.000

(b) Reserves & Surplus

9.280

6.084

4.382

(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)

15.280

12.084

10.382

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

0.000

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.125

(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)

0.000

0.000

0.125

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

26.062

37.206

21.973

(b) Trade payables

20.775

15.251

10.290

(c) Other current liabilities

31.998

19.191

11.686

(d) Short-term provisions

0.000

0.000

0.000

Total Current Liabilities (4)

78.835

71.648

43.949

 

 

 

 

TOTAL

94.115

83.732

54.456

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

7.827

8.825

6.757

(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

0.025

0.025

0.025

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

3.257

0.557

0.414

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

11.109

9.407

7.196

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

28.786

31.961

34.017

(c) Trade receivables

30.707

14.449

3.626

(d) Cash and cash equivalents

15.850

23.375

6.531

(e) Short-term loans and advances

0.548

0.173

3.086

(f) Other current assets

7.115

4.367

0.000

Total Current Assets

83.006

74.325

47.260

 

 

 

 

TOTAL

94.115

83.732

54.456

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

SALES

 

 

 

 

 

Revenue from Operations

177.101

133.306

102.808

 

 

Other Income

2.943

1.420

0.247

 

 

TOTAL                                    

180.044

134.726

103.055

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

Cost of Materials Consumed

147.905

94.397

75.840

 

 

Manufacturing and Operating Costs

6.054

10.584

8.437

 

 

Changes in inventories of finished goods, work-in-progress and Stock-in-Trade

(15.072)

2.882

(2.882)

 

 

Employees benefits expense

18.122

9.497

8.963

 

 

Other expenses

14.480

12.081

7.625

 

 

TOTAL                                    

171.489

129.441

97.983

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

8.555

5.285

5.072

 

 

 

 

 

Less

FINANCIAL EXPENSES                                   

2.362

2.983

2.479

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION

6.193

2.302

2.593

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

1.546

1.036

1.224

 

 

 

 

 

Add

EXCEPTIONAL ITEMS

0.000

1.038

0.000

 

 

 

 

 

 

PROFIT BEFORE TAX

4.647

2.304

1.369

 

 

 

 

 

Less

TAX                                                                 

1.451

0.602

0.511

 

 

 

 

 

 

PROFIT AFTER TAX

3.196

1.702

0.858

 

 

 

 

 

 

EARNINGS IN FOREIGN CURRENCY

 

 

 

 

 

Export Earnings

21.808

7.517

0.000

 

TOTAL EARNINGS

21.808

7.517

0.000

 

 

 

 

 

 

Earnings Per Share (Rs.)

5.33

2.84

1.43

 

 

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)

(%)

1.80

1.28

0.83

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

4.83

3.96

4.93

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

4.94

2.75

2.52

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.30

0.19

0.13

 

 

 

 

 

Debt Equity Ratio

(Total Debt/Networth)

 

1.71

3.08

2.12

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.05

1.04

1.08

 

 

 

 

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

6.000

6.000

6.000

Reserves & Surplus

4.382

6.084

9.280

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

10.382

12.084

15.280

 

 

 

 

Long-term borrowings

0.000

0.000

0.000

Short term borrowings

21.973

37.206

26.062

Total borrowings

21.973

37.206

26.062

Debt/Equity ratio

2.116

3.079

1.706

 

 

 

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

102.808

133.306

177.101

 

 

29.665

32.853

 

 

 

 

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

102.808

133.306

177.101

Profit

0.858

1.702

3.196

 

0.83%

1.28%

1.80%

 

 


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

No

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

No

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

 

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10184046

24/09/2009

730,000.00

BANK OF INDIA

NEW CLOTH MARKET BRANCH,, NEW CLOTH MARKET, O/S RAIPUR GATE,, AHMEDABAD- 380002, GUJARAT, INDIA

A72749294

2

80035797

30/07/2007 *

15,000,000.00

BANK OF INDIA

NEW CLOTH MARKET BRANCH, AHMEDABAD- 3800
02, GUJARAT, INDIA

A23529977

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

SHORT TERM BORROWINGS

 

 

Deposits

0.000

0.568

Loans and Advances from related parties

8.846

5.030

Loans and Advances from other parties

0.760

3.629

 

 

 

Total

9.606

9.227

 

 

OPERATIONS:

 

The Company has made a profit before depreciation and tax during the year of Rs. 6.193 Million as against Rs. 3.340 Million in the preceding year. Revenue from operation has increased from Rs. 133.300 Million during the previous year to Rs. 177.100 Million during the year. Efforts are continuing to develop new markets and add new customers.

 

 

FIXED ASSETS:

 

Tangible Assets

 

·         Free Hold Land

·         Buildings

·         Plant and Equipment

·         Furniture and Fixtures

·         Vehicles

·         Office Equipment

·         Computer Systems

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                                       None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency

 
Unit

Indian Rupees

US Dollar

1

Rs. 64.82

UK Pound

1

Rs. 100.41

Euro

1

Rs. 74.50

 

 

INFORMATION DETAILS

 

Information Gathered by :

SUP

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

IND

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

6

PAID-UP CAPITAL

1~10

5

OPERATING SCALE

1~10

5

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

5

--PROFITABILIRY

1~10

5

--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

NO

--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

 

--

 

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.