MIRA INFORM REPORT
|
Report No. : |
340676 |
|
Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
UNITED RUBBER INDUSTRIES (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
13, Ashiana Towers, I C Colony, Borivali (West), Mumbai – 400013,
Maharashtra |
|
Tel. No.: |
91-22-28145134 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.04.2004 |
|
|
|
|
Com. Reg. No.: |
145901 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.15.813 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25100MH2004PTC145901 |
|
|
|
|
IEC No.: |
0388012641 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACU6911F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Supplier and Exporter of pump valve, spacer clamp,
damper for power transmission, rubber sheet, industrial mountings, engine
mounting etc. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track. The company reported a PAT of Rs.17.300 Million on an operating income
of Rs.584.900 Million as per FY 2014 results as compared to a PAT of
Rs.16.200 Million on an operating income of Rs.552.500 Million as per FY 2013
numbers. The rating takes into account the improved financial and operational
performance of the company in FY 2014. Further, ratings continue to factor in the long experience of the
promotors into its business and diversified products profile of the company
which caters to various industries such as automobile, defence power and
transmission. Trade relations are fair. Business is active. Payment terms are
reported usually correct. In view aforesaid, the company can be considered normal for business
dealings with 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
|
Rating Agency Name |
ICRA |
|
Rating |
Long term bank facilities : BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
June, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term bank facilities : BB |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
June, 2015 |
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. James |
|
Designation : |
General Manager in purchase |
|
Contact No.: |
91-9699225104 |
|
Date : |
10.09.2015 |
LOCATIONS
|
Registered Office : |
13, Ashiana Towers, I C Colony, Borivali (West), Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
|
|
Mobile No.: |
|
|
Fax No.: |
91-22-28184614 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office /
Manufacturing Unit : |
Jay Vailankani Industrial Estate, Behind Gas Godown, Bhayandar Kashi Mira Road, Bhayandar (East), Mumbai - 401105, Maharashtra, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Bellairu Ajith Bellairu Muthanna Rai |
|
Designation : |
Director |
|
Address : |
13, Aashiana Tower, I.C. Colony, Borivali (West), Mumbai - 400103, Maharashtra, India |
|
Date of Birth/Age : |
10.04.1947 |
|
Date of Appointment : |
23.04.2004 |
|
DIN No.: |
02162054 |
|
|
|
|
Name : |
Yashoda Ajit Rai |
|
Designation : |
Director |
|
Address : |
13, Aashiana Tower, I.C. Colony, Borivali (West), Mumbai - 400103, Maharashtra, India |
|
Date of Birth/Age : |
15.09.1957 |
|
Date of Appointment : |
23.04.2004 |
|
DIN No.: |
02602217 |
KEY EXECUTIVES
|
Name : |
Mr. James |
|
Designation : |
General Manager in Purchase |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Giree Ajit Rai |
305,500 |
19.32 |
|
Bellairu Ajith Bellairu Muthanna Rai |
957,250 |
60.54 |
|
Yashoda Ajit Rai |
305,500 |
19.32 |
|
Geet Rai |
13000 |
0.82 |
|
Total |
1,581,250 |
100.00 |
%20PRIVATE%20LIMITED%20-%20340676%2011-Sep-2015_files/image016.gif)
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, Supplier and Exporter of pump valve, spacer
clamp, damper for power transmission, rubber sheet, industrial mountings,
engine mounting etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
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Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
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|
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|
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C, Cheque and Credit |
|
|
|
|
Purchasing : |
L/C |
PRODUCTION STATUS :NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers
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No. of Employees : |
400 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Majibail and Company Chartered Accountants |
|
Address : |
7, Nachiketa, 106, J.P. Road,
Andheri (West), Mumbai – 400058, Maharashtra, India |
|
PAN No.: |
AABPR9915Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,581,250 |
Equity Shares |
Rs.10/- each |
Rs.15.813 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 |
15.813 |
15.286 |
14.536 |
|
(b) Reserves &
Surplus |
124.157 |
102.377 |
80.898 |
|
(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) |
139.970 |
117.663 |
95.434 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
54.994 |
63.303 |
70.248 |
|
(b) Deferred tax
liabilities (Net) |
7.753 |
7.753 |
7.753 |
|
(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) |
62.747 |
71.056 |
78.001 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
158.823 |
164.475 |
118.472 |
|
(b) Trade payables |
95.876 |
90.685 |
119.838 |
|
(c) Other current
liabilities |
10.238 |
9.013 |
7.117 |
|
(d) Short-term provisions |
6.484 |
5.645 |
4.559 |
|
Total Current Liabilities
(4) |
271.421 |
269.818 |
249.986 |
|
|
|
|
|
|
TOTAL |
474.138 |
458.537 |
423.421 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
143.829 |
143.513 |
111.089 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
143.829 |
143.513 |
111.089 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
88.671 |
81.783 |
70.142 |
|
(c) Trade receivables |
211.890 |
211.701 |
209.663 |
|
(d) Cash and cash
equivalents |
1.321 |
0.128 |
0.243 |
|
(e) Short-term loans and
advances |
27.740 |
20.325 |
32.019 |
|
(f) Other current assets |
0.687 |
1.087 |
0.265 |
|
Total Current Assets |
330.309 |
315.024 |
312.332 |
|
|
|
|
|
|
TOTAL |
474.138 |
458.537 |
423.421 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
584.958 |
552.570 |
510.739 |
|
|
Other Income |
|
|
|
|
|
TOTAL |
584.958 |
552.570 |
510.739 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
545.361 |
518.155 |
483.947 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
39.597 |
34.415 |
26.792 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.969 |
14.127 |
10.433 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
21.628 |
20.288 |
16.359 |
|
|
|
|
|
|
|
Less |
TAX |
4.327 |
4.059 |
1.595 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
17.301 |
16.229 |
14.764 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
17.301 |
16.229 |
14.764 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
163.045 |
122.219 |
115.969 |
|
|
TOTAL EARNINGS |
163.045 |
122.219 |
115.969 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
10.94 |
10.62 |
NA |
%20PRIVATE%20LIMITED%20-%20340676%2011-Sep-2015_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20340676%2011-Sep-2015_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20340676%2011-Sep-2015_files/image005.gif){kind=small}
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 / Total Income) |
(%) |
2.96 |
2.94 |
2.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.56 |
4.42 |
3.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.17 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.53 |
1.94 |
1.98 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.17 |
1.25 |
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 |
14.536 |
15.286 |
15.813 |
|
Reserves & Surplus |
80.898 |
102.377 |
124.157 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
95.434 |
117.663 |
139.970 |
|
|
|
|
|
|
long-term borrowings |
70.248 |
63.303 |
54.994 |
|
Short term borrowings |
118.472 |
164.475 |
158.823 |
|
Total borrowings |
188.720 |
227.778 |
213.817 |
|
Debt/Equity ratio |
1.977 |
1.936 |
1.528 |
%20PRIVATE%20LIMITED%20-%20340676%2011-Sep-2015_files/image018.gif)
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 |
510.739 |
552.570 |
584.958 |
|
|
|
8.190 |
5.861 |
%20PRIVATE%20LIMITED%20-%20340676%2011-Sep-2015_files/image020.gif)
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 |
510.739 |
552.570 |
584.958 |
|
Profit |
14.764 |
16.229 |
17.301 |
|
|
2.89% |
2.94% |
2.96% |
%20PRIVATE%20LIMITED%20-%20340676%2011-Sep-2015_files/image022.gif)
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Shriram City Union Finance Limited |
1.038 |
1.271 |
|
Loans from relatives and friends |
1.000 |
0.600 |
|
Adarsh Associates |
0.660 |
1.350 |
|
Bliss Enterprise |
0.920 |
0.900 |
|
Bravia International |
0.720 |
0.000 |
|
HDFC Bank |
0.804 |
1.852 |
|
Bajaj Finserve |
0.000 |
0.208 |
|
Directors loans |
0.325 |
2.771 |
|
|
|
|
|
Total |
5.467 |
8.952 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10568891 |
22/04/2015 |
2,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH VILE PARLE, SHYAM KAMAL, TRADE |
C53390761 |
|
2 |
10275913 |
21/06/2011 * |
3,400,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA BUILDING, 209, FIRST FLOOR,, V.K. |
B16000762 |
|
3 |
10278227 |
04/12/2014 * |
289,900,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH VILE PARLE, SHYAM KAMAL, TRADE |
C36090413 |
|
4 |
10223361 |
10/06/2010 |
1,650,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA BUILDING, 209, VINAY K SHAH MARG, |
A86927688 |
|
5 |
10192854 |
31/12/2009 |
3,050,000.00 |
RELIGARE FINVEST LIMITED |
19, NEHRU PLACE,, NEW DELHI, DELHI - 110019, INDI |
A75633594 |
|
6 |
10126094 |
16/09/2008 |
10,000,000.00 |
STATE BANK OF INDORE |
5, Y. N. ROAD,, INDORE, MADHYA PRADESH - 454775, I |
A47975669 |
|
7 |
10092464 |
21/02/2008 |
3,500,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11-13 ATLANTA 1ST FLOOR 209 V.K.SHAH MARG,, NARI |
A34446849 |
|
8 |
10077476 |
15/11/2007 |
1,440,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
11-13 ATLANTA 1ST FLOOR 209 V.K.SHAH MARG, MUMBA |
A27902931 |
* Date of charge modification
OPERATION
During the period ended 31.03.2014, the
company registered a total income of Rs.584.958 Million. The export turnover
was Rs.163.045 Million in the tenth year of entering the International Markets.
The company making good progress in international markets and exports to make a
turnover of Rs. 180.000 Million in the coming year.
FIXED ASSETS
- Goodwill
- Factory Premises
- Building
- Plant and Machinery
- Mould and Dies
- Computer
- Electrical Installation
- Lab Equipment
- Furniture and Fixture
- Motor car
- Land
- Tempo
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.58 |
|
|
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
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 |
|
47 |
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.