MIRA INFORM REPORT

 

 

Report No. :

339203

Report Date :

05.09.2015

 

IDENTIFICATION DETAILS

 

Name :

GEEKAY WIRES PRIVATE LIMITED

 

 

Registered Office :

House No 11-70/5, 2nd Floor, GP Complex, Shivalayam Road, Fateh Nagar, Hyderabad – 500018, Telangana

Tel. No.:

91-40-23778090

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

25.07.1989

 

 

Com. Reg. No.:

36-010271

 

 

Capital Investment / Paid-up Capital :

Rs. 50.000 Million

 

 

CIN No.:

[Company Identification No.]

U28999TG1989PTC010271

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

HYDG00813B

 

 

PAN No.:

[Permanent Account No.]

AAACG7452M

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer and Importer of Wires and Cables.

 

 

No. of Employees :

100 (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

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is established company having satisfactory track record.

 

The company reported sales and net profit of Rs.399.200 Million and Rs.1.696 Million respectively in FY2014 as against a sale and net profit of Rs.256.800 Million and Rs.1.813 Million respectively in FY2013.

 

The rating drive strength on company moderate financial risk profile, capital structure and comfortable debt protection metrics marked by increase in its cash and bank balance in FY-14.

 

However, rating are constrained as company reported thin profitability margin from its operations during the years.

 

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

 

The company can be considered normal for business dealings at usual trade term 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 31-03-2013.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Loknath

Designation :

Chief Accounts Officer

Contact No.:

91-9246882236

Date :

02.09.2015

 

 

LOCATIONS

 

Registered Office/  Factory 1  :

House No 11-70/5, 2nd Floor, GP Complex, Shivalayam Road, Fateh Nagar, Hyderabad – 500018, Telangana, India

Tel. No.:

91-40-23778090

Mobile No.:

91-9246882236 (Mr. Pratap)

Fax No.:

Not Available

E-Mail :

geekaywires@gmail.com

geekaywires@yahoo.co.in

Website :

http://www.geekaywires.com

Location :

Owned

Locality :

Industrial

 

 

Corporate Office  :

203/ 204, Classic Clinic Somaji Guda, Erramanzil Colony, Hyderabad – 500016, Telangana, India

 

 

Factory 2 :

Survey No. 300/ A, Isnapur Village, Medak District – 502307, Telangana, India

 

 

DIRECTORS

 

AS ON: 26.09.2014

 

Name :

Mr. Ashish Kandoi

Designation :

Director

Address :

11-70/E, G.P Complex, Shivalayam Road, Fateh Nagar, Hyderabad-500018, Telangana, India

Date of Birth/Age :

16.01.1985

Date of Appointment :

11.10.2012

PAN No:

AJXPK7766K

DIN No.:

00463257

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

Date of cessation

Company/ LLP Status

Defaulting status

1

U27107TG2005PTC045598

KANDOI INDUSTRIES INDIA PRIVATE LIMITED

Managing director

11/03/2005

11/03/2005

-

Active

NO

2

U27109TG2007PLC053725

KANDOI ISPAT FORGING INDIA LIMITED

Director

23/04/2007

23/04/2007

-

Active

NO

3

U28999TG1989PTC010271

GEEKAY WIRES PRIVATE LIMITED

Director

11/10/2012

11/10/2012

-

Active

NO

 

 

Name :

Mr. Anuj Kandoi

Designation :

Director

Address :

11-70/E, G.P Complex, Shivalayam Road, Fateh Nagar, Hyderabad-500018, Telangana, India

Date of Birth/Age :

31.05.1986

Date of Appointment :

11.10.2012

DIN No.:

00463277

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

Date of cessation

Company/ LLP Status

Defaulting status

1

U27107TG2005PTC045598

KANDOI INDUSTRIES INDIA PRIVATE LIMITED

Director

11/03/2005

11/03/2005

-

Active

NO

2

U27109TG2007PLC053725

KANDOI ISPAT FORGING INDIA LIMITED

Director

23/04/2007

23/04/2007

26/05/2010

Active

NO

3

U28999TG1989PTC010271

GEEKAY WIRES PRIVATE LIMITED

Director

11/10/2012

11/10/2012

-

Active

NO

 

 

Name :

Mr. Ghanshyam Dass

Designation :

Director

Address :

House No. 11-70/5, G. P. Complex, Shivalayam Road, Fateh Nagar, Near Masjid, Hyderabad-500018, Telangana, India

Date of Birth/Age :

21.07.1960

Date of Appointment :

11.10.2012

PAN No:

ACYPD0598G

DIN No.:

01539152

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

Date of cessation

Company/ LLP Status

Defaulting status

1

U27109TG2007PLC053725

KANDOI ISPAT FORGING INDIA LIMITED

Managing director

23/04/2007

23/04/2007

-

Active

NO

2

U27107TG2005PTC045598

KANDOI INDUSTRIES INDIA PRIVATE LIMITED

Director

01/09/2014

02/06/2007

-

Active

NO

3

U28999TG1989PTC010271

GEEKAY WIRES PRIVATE LIMITED

Director

11/10/2012

11/10/2012

-

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Pratap

Designation :

Deputy General Manager Marketing

 

 

Name :

Mr. Loknath

Designation :

Chief Accounts Officer

 

 

Name :

Kashinath Sahu

Designation :

Company Secretary

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON: 26.09.2014

 

Names of Shareholders

 

No. of Shares

Ashish Kandoi

 

400000

Ritika Kandoi

 

130000

Renu Kandoi

 

270000

Anuj Kandoi

 

135495

Singhal Bright and Forging Private Limited, India

 

2150000

Saroj Bala

 

365005

Kandoi Ispat Forging (India) Limited, India

 

450000

Ghanshyam Dass

 

450000

Ritika Kandoi

 

80000

Ghanshyam Dass HUF

 

569500

 

 

 

Total

 

5000000

 

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON: 26.09.2014

 

Category

Percentage

Bodies corporate

52.00

Directors or relatives of Directors

48.00

Total

100.00

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Importer of Wires and Cables.

 

 

Products :

Product Description

ITC Code

Metallic Wires

85444199

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

 

Products :

Wires

Countries :
  • Korea
  • Dubai

 

 

Terms :

 

Selling :

Cash and Credit

 

 

Purchasing :

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 :

End Users

 

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 :

100 (Approximately)

 

 

Bankers :

Banker Name

Citi Union Bank Limited

Branch Address

Ameer Pet, Hyderabad, Telangana, 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 Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Overdraft – Rs. 75.000 Million

Account Operation

Not Divulged

Remarks (If any)

Not Divulged
  • State Bank of India, Balkampet Branch, Balkampet Road, S R Nagar, Hyderabad - 500038, Telangana, India

 

  • Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227, D, Nariman Point, Mumbai - 400021, Maharashtra, India

 

 

Facilities :

(Rs. In Million)

SECURED LOAN

As on

31.03.2014

As on

31.03.2013

LONG TERM BORROWING

 

 

Rupee Term loan from Banks

60.096

60.000

 

 

 

SHORT TERM BORROWING

 

 

Rupee Term loan from Banks

129.610

95.790

Other Loans and Advances

0.000

(0.206)

 

 

 

Total

189.706

155.584

 

Financial Institutions:

Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India

 

 

Auditors :

 

Name :

Anjaneyulu and Company

Chartered Accountants

Address :

30, Bhagyalakshmi Nagar, Gandhi Nagar, Hyderabad – 500080, Telangana, India

PAN No.:

AAGFA1840E

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON: 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000000

Equity Shares

Rs.10/- each

Rs. 100.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

5000000

Equity Shares

Rs.10/- each

Rs. 50.000 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

50.000

50.000

50.000

(b) Reserves & Surplus

49.037

47.340

45.527

(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)

99.037

97.340

95.527

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

60.226

60.130

13.955

(b) Deferred tax liabilities (Net)

3.198

2.899

2.654

(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)

63.424

63.029

16.609

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

129.610

95.584

75.827

(b) Trade payables

46.857

20.980

30.752

(c) Other current liabilities

0.000

3.222

2.671

(d) Short-term provisions

1.464

1.067

1.079

Total Current Liabilities (4)

177.931

120.853

110.329

 

 

 

 

TOTAL

340.392

281.222

222.465

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

106.748

104.353

94.260

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

4.837

4.837

4.767

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.000

0.000

1.825

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

13.299

6.264

2.254

(e) Other Non-current assets

0.376

0.391

0.522

Total Non-Current Assets

125.260

115.845

103.628

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

82.267

46.101

27.113

(c) Trade receivables

97.700

64.668

80.130

(d) Cash and cash equivalents

22.803

5.630

6.635

(e) Short-term loans and advances

11.843

48.459

4.440

(f) Other current assets

0.519

0.519

0.519

Total Current Assets

215.132

165.377

118.837

 

 

 

 

TOTAL

340.392

281.222

222.465

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

SALES

 

 

 

 

Income

399.240

256.826

295.400

 

Other Income

NA

NA

NA

 

TOTAL

NA

NA

NA

 

 

 

 

 

Less:

EXPENSES

392.664

251.035

291.800

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION 

6.576

5.791

3.600

 

 

 

 

 

Less:

DEPRECIATION/ AMORTISATION

4.114

3.724

3.500

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

2.462

2.067

0.100

 

 

 

 

 

Less:

TAX

0.765

0.253

(0.500)

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX 

1.697

1.814

0.600

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

 0.34

0.36 

0.12 

 

 

Particulars

 

 

 

31.03.2015

Sales Turnover (Approximately)

 

 

740.000

 

 

 

Expansion of Business

 

 

The above information has been parted by Mr. Loknath (Chief Accounts Officer)

 

 

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

2.462

(36.014)

52.911

Net cash flow from (used in) operating activities

2.462

(35.981)

52.888

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

Net Profit Margin

(PAT / Sales)

(%)

0.43

0.71

0.20

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

0.73

0.75

0.05

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.02

0.02

0.00

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.92

1.60

0.94

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.21

1.37

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

50.000

50.000

50.000

Reserves & Surplus

45.527

47.340

49.037

Net worth

95.527

97.340

99.037

 

 

 

 

long-term borrowings

13.955

60.130

60.226

Short term borrowings

75.827

95.584

129.610

Total borrowings

89.782

155.714

189.836

Debt/Equity ratio

0.940

1.600

1.917

 

 

 

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

295.400

256.826

399.240

 

 

(13.058)

55.452

 

 

 

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

295.400

256.826

399.240

Profit

0.600

1.814

1.697

 

0.20%

0.71%

0.43%

 

 

 

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

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

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 four years

Yes

27

Reasons for variation <> 20%

Yes

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

 

 

NOTE: Registered office of the company has been shifted from Flat No.1-609, Hissa No.7-1-58/1/609 Divya Shakti Complex, Ameer Pet, Hyderabad-500016, Andhra Pradesh India to the present address w. e. f. 07.10.2013

 

 

FINANCIAL PERFORMANCE:

 

During the financial year 2013-14, the Revenue from Operations of the Company stood at Rs. 399.240 Million which was 55.45% (approximately) higher than the previous corresponding financial year of Rs. 256.826 Million. The Company earned a Net Profit after Tax of Rs. 1.696 Million, showing decline by 6.45% compared to the previous financial year 2012-13. Though there has been growth in turnover by 55.45% there has been a marginal decrease in the Net Profits of the Company which is mainly due to increase in input costs, Overheads, and stiff market condition for the products of the Company. The directors have taken adequate steps to increase its turnover and reduce its overheads and are confident of posting much higher turnover and profits by the end of this fiscal year and reduce all its accumulated losses and start making profits in the coming years.

 

 

UNSECURED LOAN:

 

PARTICULARS

31.03.2014

(Rs. in Million)

31.03.2013

(Rs. in Million)

LONG TERM BORROWINGS:

 

 

Rupee Term Loan from Banks

0.130

0.130

 

 

 

Total

0.130

0.130

 

 

 

 

 

INDEX OF CHARGES:

 

S. No.

Charge ID

Date of Charge Creation/Modification

Charge amount secured

Charge Holder

Address

Service Request Number (SRN)

1

10403102

19/03/2015 *

330,000,000.00

CITY UNION BANK LIMITED

7-1-613/14 A, NESTCON LAKSHMISRI BUILDING,, AMMERPET, HYDERABAD, TELANGANA - 500016, INDIA

C49292162

2

90117231

03/09/1997 *

7,000,000.00

AP MAHESH CO- OPERATIVE COMPANY

5-3-989 SHERZA ESTATE, NIZAM SHAHI, HYDERABAD, ANDHRA PRADESH - 500003, INDIA

-

3

90114016

04/05/1995

2,500,000.00

A P MAHESH CO OPERATIVE URBAN BANK

5/3-989 SHERZA STATE 3RD FLOOR, MIZAM SHAHI ROAD, HYDERABAD, ANDHRA PRADESH - 195, INDIA

-

4

90116994

13/02/1995

5,000,000.00

A P MAHESH CO-OPERATIVE URBAN BANK

5/3-989 SHERZA STATE 3RD FLOOR, MIZAM SHAHI ROAD, HYDERABAD, ANDHRA PRADESH - 195, INDIA

-

5

90116738

09/12/1989

5,670,000.00

A P STATE FINANCIAL COMPANY

CHIRAGH ALI LANE, HYDERABAD, ANDHRA PRADESH, INDIA

-

 

 

 

FIXED ASSETS:

 

 

 

 

 

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. 66.40

UK Pound

1

 Rs. 101.19

Euro

1

Rs. 73.89

 

 

INFORMATION DETAILS

 

Information Gathered by :

NYA

 

 

Analysis Done by :

KAS

 

 

Report Prepared by :

THR

 

 

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

4

--LIQUIDITY

1~10

5

--LEVERAGE

1~10

4

--RESERVES

1~10

4

--CREDIT LINES

1~10

5

--MARGINS

-5~5

--

DEMERIT POINTS

 

 

--BANK CHARGES

YES/NO

YES

--LITIGATION

YES/NO

NO

--OTHER ADVERSE INFORMATION

YES/NO

NO

MERIT POINTS

 

 

--SOLE DISTRIBUTORSHIP

YES/NO

NO

--EXPORT ACTIVITIES

YES/NO

NO

--AFFILIATION

YES/NO

NO

--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.