MIRA INFORM REPORT

 

 

Report No. :

338534

Report Date :

05.09.2015

 

IDENTIFICATION DETAILS

 

Name :

SREE MAA SARADA ORES AND FORGINGS INDIA PRIVATE LIMITED

 

 

Registered Office :

Dakshin Jhaparp, O and P S Domjur, Howrah – 711101, West Bengal

Tel. No.:

Not Available

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

10.06.2005

 

 

Com. Reg. No.:

21-103704

 

 

Capital Investment / Paid-up Capital :

Rs.78.150 Million

 

 

CIN No.:

[Company Identification No.]

U27109WB2005PTC103704

 

 

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 of safety and critical components for Railway Coaches and Wagons, specialized components for the Oil Refineries, Power, Hydro Electric Projects.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B (31)

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but correct

 

 

Litigation :

Clear

 

 

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

CARE

Rating

Long term bank facilities: BB+ (Suspended)

Rating Explanation

Moderate risk of default.

Date

10.01.2014

 

Rating Agency Name

CARE

Rating

Short term bank facilities: A+ (Suspended)

Rating Explanation

Minimal degree of safety and carry very high credit risk.

Date

10.01.2014

 

REASON FOR SUSPENDED: Company not furnished the information required to undertake rating.

 

 

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 DECLINED

 

UNABLE TO CONTACT

 

(91-33-26705257/22623049/22622461/22622460/22623049/64588848 – NOT WORKING)

(91-9830082630 – NOT BELONGING TO SUBJECT COMPANY)

 

 

LOCATIONS

 

Registered Office :

Dakshin Jhaparp, O and P S Domjur, Howrah – 711101, West Bengal, India

Tel. No.:

Not Available

Fax No.:

Not Available

E-Mail :

smsofipl@gmail.com

 

 

DIRECTORS

 

AS ON 27.09.2013

 

Name :

Mr. Kaushik Das

Designation :

Managing director

Address :

Baltikuri Kalitala North, 50 Jagacha Sadar, Howrah, 711113, West Bengal, India

Date of Birth/Age :

21.08.1962

Date of Appointment :

10.06.2005

DIN No.:

00528113

PAN No.:

ADQPD8819H

 

 

Name :

Shelly Das

Designation :

Director

Address :

Kalitala Uttar Chakpara Dharmatala, Lalbarir Math, Kalitala Purba 50 Jagacha, Howrah - 711402, West Bengal, India

Date of Birth/Age :

31.05.1976

Date of Appointment :

15.02.2007

DIN No.:

00961316

PAN No.:

AHRPD9919R

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.09.2013

 

SHAREHOLDING DETAIL FILE ATTACHED

 

Equity Share Break up (Percentage of Total Equity)

 

AS ON 27.09.2013

 

Category

Percentage

Bodies corporate

87.28

Directors or relatives of Directors

12.72

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of safety and critical components for Railway Coaches and Wagons, specialized components for the Oil Refineries, Power, Hydro Electric Projects.

 

 

Products :

Item Code No.

Product Description

84543090

Other Casting Machines

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

Not Divulged

 

 

Imports :

Not Divulged

 

 

Terms :

Not Divulged

 

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 :

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 :

Information declined by the management 

 

 

Bankers :
  • State Bank of India, Commercial Branch, N. S. Road, 8, N. S. Road, Kolkata - 700001, West Bengal, India
  • United Bank of India, Salkia Branch, 80/81/A, Sri Aurobinda Road, Salkia, Howrah - 711106, West Bengal, India

 

Banker Name

Vijaya Bank

Branch Address

A-1, Gillander House, 8, N.S. Road,,Kolkata - 700001, West Bengal, 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)

Not Divulged

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

(Rs. In Million)

 

SECURED LOAN

As on

31.03.2013

As on

31.03.2012

LONG TERM BORROWING

 

 

Term loans from banks

230.235

245.128

Other loans and advances

0.202

0.167

SHORT TERM BORROWING

 

 

Working capital loans from banks

(Loan against hypothecation of book debts, stocks and other current assets along with personal guarantee of both the irectors)

692.445

462.856

Rupee term loans from others

4.030

0.000

Total

926.912

708.151

 

Finance Institute:

  • Tata Capital Financial Services Limited, One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai - 400001, Maharashtra, India
  • West Bengal Financial Corporation, 12a, N. S. Road, 3rd & 4th Floor,, Kolkata - 700001, West Bengal, India

 

 

Auditors :

 

Name :

P.K. Luharuka and Company

Chartered Accountant

Address :

19, Synagogue Street, Kolkata-700001, West Bengal, India

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

AANFP6412C

 

 

Memberships :

Not Available

 

 

Collaborators :

Not Available

 

 

Holding company (AS ON 31.03.2013):
  • Angstorm Steel Forging Private Limited

 

 

Enterprises which are owned, or have significant influence

of or are partners with Key

management personnel and their relatives(AS ON 31.03.2013):
  • Sree Maa Sarada Fabrication and Engineering Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 27.09.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

8000000

Equity Shares

Rs.10/- each

Rs. 80.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

7863000

Equity Shares

Rs.10/- each

Rs. 78.630 Million

 

 

 

 

 

 

AS ON 31.03.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

8000000

Equity Shares

Rs.10/- each

Rs. 80.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

7815000

Equity Shares

Rs.10/- each

Rs. 78.150 Million

 

 

 

 

 

FINANCIAL DATA

[all figures are in Rupees Million]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

31.03.2013

31.03.2012

31.03.2011

 

 

 

 

I.              EQUITY AND LIABILITIES

 

 

 

(1)Shareholders' Funds

 

 

 

(a) Share Capital

78.150

60.515

37.455

(b) Reserves & Surplus

1038.315

574.987

250.145

(c) Money received against share warrants

0.000

0.000

0.000

 

 

 

 

(2) Share Application money pending allotment

2.400

102.300

38.030

Total Shareholders’ Funds (1) + (2)

1118.865

737.802

325.630

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

241.625

245.974

180.923

(b) Deferred tax liabilities (Net)

17.426

6.006

6.292

(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)

259.051

251.980

187.215

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

745.865

464.441

391.025

(b) Trade payables

850.634

289.782

224.389

(c) Other current liabilities

76.265

49.832

37.675

(d) Short-term provisions

37.094

30.543

8.980

Total Current Liabilities (4)

1709.858

834.598

662.069

 

 

 

 

TOTAL

3087.774

1824.380

1174.914

 

 

 

 

II.          ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

597.099

170.239

186.471

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

0.000

351.830

9.264

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

15.304

11.554

0.304

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

17.313

10.420

3.908

(e) Other Non-current assets

3.143

0.170

0.063

Total Non-Current Assets

632.859

544.213

200.010

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

10.000

(b) Inventories

1220.708

681.431

554.796

(c) Trade receivables

1097.620

499.444

333.841

(d) Cash and cash equivalents

47.851

41.097

43.466

(e) Short-term loans and advances

88.736

58.195

32.801

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

2454.915

1280.167

974.904

 

 

 

 

TOTAL

3087.774

1824.380

1174.914

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

31.03.2012

31.03.2011

 

SALES

 

 

 

 

Total Revenue

3833.753

2631.550

NA

 

Other Income

NA

NA

NA

 

TOTAL

NA

NA

NA

 

 

 

 

 

Less

EXPENSES

NA

NA

NA

 

 

 

 

 

Less

PROFIT/ (LOSS)  BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

277.922

183.859

NA

 

 

 

 

 

Less

FINANCIAL EXPENSES

135.876

88.820

NA

 

 

 

 

 

 

PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION 

142.046

95.039

NA

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION

44.638

23.086

 NA

 

 

 

 

 

 

PROFIT/ (LOSS)  BEFORE TAX

97.408

71.953

24.623

 

 

 

 

 

Less

TAX

31.371

21.300

8.420

 

 

 

 

 

 

PROFIT/ (LOSS)  AFTER TAX

66.037

50.653

16.203

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD 

88.402

37.749

21.546

 

 

 

 

 

 

Balance Carried to the B/S

154.439

88.402

37.749

 

 

 

 

 

 

Earnings / (Loss) Per Share (Rs.)

8.45

NA

NA

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2013

31.03.2012

31.03.2011

Current Maturities of Long term debt

72.898

48.334

36.730

Cash generated from operations

NA

NA

NA

Net cash flows from (used in) operations

(273.303)

(67.207)

(128.793)

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

Return on Total Assets

(PBT/Total Assets}

(%)

3.17

4.92

2.11

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.09

0.10

0.08

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

0.95

1.03

1.87

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.44

1.53

1.47

 

 

 

FINANCIAL ANALYSIS

[all figures are in Rupees Million]

 

DEBT EQUITY RATIO

 

Particular

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

(Rs. In Million)

Share Capital

37.455

60.515

78.150

Reserves & Surplus

250.145

574.987

1038.315

Money received against share warrants

0.000

0.000

0.000

 Share Application money pending allotment

38.030

102.300

2.400

Net worth

325.630

737.802

1118.865

 

 

 

 

long-term borrowings

180.923

245.974

241.625

Short term borrowings

391.025

464.441

745.865

Current maturities of long-term debts

36.730

48.334

72.898

Total borrowings

608.678

758.749

1060.388

Debt/Equity ratio

1.869

1.028

0.948

 

 

YEAR-ON-YEAR GROWTH

 

Year on Year Growth

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Total Revenue

2631.550

3833.753

 

 

45.684

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2012

31.03.2013

 

(Rs. In Million)

(Rs. In Million)

Total Revenue

2631.550

3833.753

Profit

50.653

66.037

 

1.92%

1.72%

 

 

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

Yes

6

Contact numbers

Yes

7

Name of the person contacted

No

8

Designation of contact person

No

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

No

17

Details of sister concerns

Yes

18

Major suppliers

No

19

Major customers

No

20

Banking Details

Yes

21

Banking facility details

Yes

22

Conduct of the banking account

--

23

Financials, if provided

Yes

24

Capital in the business

Yes

25

Last accounts filed at ROC, if applicable

No

26

Turnover of firm for last two 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

Yes

32

Litigations that the firm/promoter involved in

--

33

Market information

--

34

Payments terms

No

35

Negative Reporting by Auditors in the Annual Report

No

 

OBSERVATION POINTS

 

Name of Company :

SREE MAA SARADA ORES AND FORGINGS INDIA PRIVATE LIMITED

 

 

Address :

Mehta House, Room No 202, 2nd Floor, 27/A, Waterloo Street, Kolkata – 700017, West Bengal, India

 

 

Tel No.:

--

 

 

Person to whom we met :

--

 

 

Name Board :

Not Sighted

 

 

Location :

Easy

 

 

Landmark (if any) :

Gradestern Hotel

 

 

Total Floors of the building :

6

 

 

Subject Situated on:

2 Floor

 

 

Locality:

Commercial 

 

 

Are of Premises :

--

 

 

Area :

Upmarket

 

 

Proof of Visit :

--

 

 

Name of Company :

SREE MAA SARADA ORES AND FORGINGS INDIA PRIVATE LIMITED

 

 

Address :

Dakshin Jhaparp, O and P S Domjur, Howrah – 711101, West Bengal

 

 

Tel No.:

--

 

 

Person to whom we met :

--

 

 

Name Board :

--

 

 

Location :

Very Difficult

 

 

Landmark (if any) :

--

 

 

Total Floors of the building :

--

 

 

Subject Situated on:

--

 

 

Locality:

Residential

 

 

Are of Premises :

--

 

 

Area :

Upmarket

 

 

Proof of Visit :

--

 

 

REVIEW OF OPERATION (AS ON 31.03.2014)

 

During the year, the Company has earned Total Revenue of Rs. 3833.753 Million which is increased by Rs.1202.203 Million as comparing from registered last year i.e. 2631.550 Million The net profit after Tax for the year under review has been increased approximately by 30.37% and registered Net Profit is Rs. 66.037 Million as against Rs. 50.653 Million registered Last Year.

 

The Directors are continuously looking for avenues for future growth of the Company.

 

UNSECURED LOAN

 

(Rs. In Million)

Particulars

As on

31.03.2013

As on

31.03.2012

LONG TERM BORROWING

 

 

Loans and advances from directors

0.000

0.680

Intercorporate borrowings

11.188

0.000

SHORT TERM BORROWING

 

 

Loans repayable on demand

7.490

0.000

Other loans and advances, others

41.900

1.584

Total

60.578

2.264

 

 

 

 

INDEX OF CHARGES

 

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10504306

13/03/2014

1,142,000,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, JEEVANDEEP, 1,MIDDLETON STREET
, JEEVANDEEP BUILDING, 2ND FLOOR, KOLKATA, WEST BE
NGAL - 700071, INDIA

C07408784

2

10459226

28/09/2013

200,000,000.00

VIJAYA BANK

A-1, GILLANDER HOUSE,, 8, N.S. ROAD,, KOLKATA, WE
ST BENGAL - 700001, INDIA

B89147813

3

10427390

26/03/2013

1,802,034.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA

B75701706

4

10399481

31/12/2012

1,609,084.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA

B66668153

5

10399692

31/12/2012

927,000.00

TATA CAPITAL FINANCIAL SERVICES LIMITED

ONE FORBES,, DR. V. B. GANDHI MARG, FORT, MUMBAI,
MAHARASHTRA - 400001, INDIA

B66672494

6

10344375

06/03/2012

194,000,000.00

UNITED BANK OF INDIA

SALKIA BRANCH, 80/81/A, SRI AUROBINDA ROAD, SALKI
A, HOWRAH, WEST BENGAL - 711106, INDIA

B35849181

7

10334713

28/03/2012 *

100,000,000.00

WEST BENGAL FINANCIAL CORPORATION

12A, N. S. ROAD,, 3RD & 4TH FLOOR,, KOLKATA, WEST
BENGAL - 700001, INDIA

B37595949

8

10117004

23/11/2012 *

1,178,600,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, N. S. ROAD, 8, N. S. ROAD, KOL
KATA, WEST BENGAL - 700001, INDIA

B64458623

9

10077560

14/11/2007

178,000,000.00

STATE BANK OF INDIA

SALKIA BRANCH, 61, SRI AUROBINDO ROAD, SALKIA, HO
WRAH, WEST BENGAL - 711106, INDIA

A27820786

10

10063082

13/03/2014 *

1,330,000,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, JEEVANDEEP, 1,MIDDLETON STREET
, JEEVANDEEP BUILDING, 2ND FLOOR, KOLKATA, WEST BE
NGAL - 700071, INDIA

C07410582

 

* Date of charge modification

 

CONTINGENT LIABILITIES:

 

(Rs. in million)

PARTICULARS

31.03.2013

31.03.2012

 

 

 

Bank Guarantee of Rs. 40.000 Million (PY Rs. 80.000 Million) from State Bank of India, Commercial Branch, Kolkata

 

 

 

Balance

41.800

61.800

b) The company has given corporate guarantees of credit facilities availed by Sree Maa Sarada Fabrication and Engg. Private Limited from United Bank of India, Salkia Branch , total outstanding (including Bank Guarantees) as on the date of balance sheet being Rs. 17.78 Crores (PY Rs. 188.200 Million.

 

 

FIXED ASSETS

 

Tangible 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 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.66.40

UK Pound

1

Rs.101.19

Euro

1

Rs.73.89

 

 

INFORMATION DETAILS

 

Information Gathered by :

MNJ

 

 

Analysis Done by :

DIV

 

 

Report Prepared by :

KVT

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

3

PAID-UP CAPITAL

1~10

4

OPERATING SCALE

1~10

4

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILITY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

5

--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

 

31

 

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.