MIRA INFORM REPORT
|
Report No. : |
339101 |
|
Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANKIT EQUIPMENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.113D, Bommasandra Industrial Area, Bangalore – 560099,
Karnataka |
|
Tel. No.: |
91-80-27831643/ 26685846/ 27833697 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.08.1996 |
|
|
|
|
Com. Reg. No.: |
08-021041 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.120 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29150KA1996PTC021041 |
|
|
|
|
TIN No.: |
29430097697 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA06244A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA6453G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and exporter
of all types of cranes, hoists and Spares. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 10000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record. The company possesses moderate operational performance and it has
reported low profit margins its operational activities. Rating further constrained on account of company’s moderate financial
risk profile marked by modest networth along with huge borrowings and
leverage balance sheet profile of the company. However, trade relations are reported as fair. Business is active.
Payment terms are reported as slow but correct. In view of leverage balance sheet profile,
the company can be considered for business dealing with some caution. |
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. Harikrishna |
|
Designation : |
Operation Manager |
|
Contact No.: |
91-7403333302 |
|
Date : |
05.09.2015 |
LOCATIONS
|
Registered Office : |
Plot No.113D, Bommasandra Industrial Area, Bangalore – 560099,
Karnataka, India |
|
Tel. No.: |
91-80-27831643 / 26685846/ 27833697 |
|
Mobile No.: |
91-9880050016 / 7403333302 (Mr. Harikrishna) |
|
Fax No.: |
91-80-26685846 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
45000 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Plot No.18 and 19, 42nd Main, 4th Cross, BTM II Stage, Bangalore –
560099, Karnataka, India |
|
Tel. No.: |
91-80-26685846 |
|
Area : |
3800 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sasidharan Gopalakrishnan Chandralayam |
|
Designation : |
Director |
|
Address : |
18 19 42nd Main 4th Cross, B T M Layout Second Stage, Bangalore, 560068, Karnataka, India |
|
Date of Birth/Age : |
06.10.1950 |
|
Qualification : |
Degree in Electrical Engineering from Regional Engineering College,
Calicut University, Kerala in 1973 |
|
Date of Appointment : |
26.08.1996 |
|
DIN No.: |
02776024 |
|
|
|
|
Name : |
Mr. Birla Sekaran Kalasamy |
|
Designation : |
Director |
|
Address : |
2/695, N G O S Colony, Bagalur Road, Hosur, 635109, Tamil Nadu, India |
|
Date of Birth/Age : |
09.05.1961 |
|
Qualification : |
Degree in Mechanical Engineering from |
|
Date of Appointment : |
26.08.1996 |
|
DIN No.: |
02817829 |
|
|
|
|
Name : |
Mr. Gopinathan Vellolil |
|
Designation : |
Director |
|
Address : |
14, Jayamma Nivas Road Crs Gb Palya Bg, Nandi Eswara L/O Hongasan, Bangalore, 560068, Karnataka, India |
|
Date of Birth/Age : |
26.06.1957 |
|
Qualification : |
Bachelor Degree in science from Kerala University |
|
Date of Appointment : |
26.08.1996 |
|
DIN No.: |
02775962 |
|
|
|
|
Name : |
Mr. Hari Raju Madiraju |
|
Designation : |
Director |
|
Address : |
NC- 254 Vijaya Enclave, Bilekally Sundaram Shetty Nagar, Bangalore, 560076, Karnataka, India |
|
Date of Birth/Age : |
01.06.1964 |
|
Date of Appointment : |
01.09.1998 |
|
DIN No.: |
02775904 |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sasidharan Gopalkrishnan Chandralayam |
20 |
16.67 |
|
Birla Sekaran Kalasamy |
20 |
16.67 |
|
Gopinathan Vellolil |
20 |
16.67 |
|
Kalai Selvi |
20 |
16.67 |
|
Kanchana Gopinathan |
20 |
16.67 |
|
Vasanthi |
20 |
16.67 |
|
Total |
120 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter
of all types of cranes, hoists and Spares. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
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|
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Jayatheertha and company Chartered Accountants |
|
Address : |
337/1A, 18th Cross, Upper Palace Orchards, Sadashiva Nagar, Bangalore
– 560080, Karnataka, India |
|
Tel. No.: |
91-80-23618546 |
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Mobile No.: |
91-9844013878 |
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PAN No.: |
AANPJ4180B |
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E-Mail : |
|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500 |
Equity Shares |
Rs.1000/- each |
Rs. 0.500 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
120 |
Equity Shares |
Rs.1000/- each |
Rs. 0.120 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 |
0.120 |
0.120 |
0.120 |
|
(b) Reserves & Surplus |
3.574 |
3.058 |
2.547 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.060 |
0.060 |
0.060 |
|
Total
Shareholders’ Funds (1) + (2) |
3.754 |
3.238 |
2.727 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
31.026 |
23.173 |
10.736 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
31.026 |
23.173 |
10.736 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
22.721 |
27.632 |
27.937 |
|
(c) Other
current liabilities |
12.385 |
29.883 |
25.137 |
|
(d) Short-term
provisions |
0.075 |
0.102 |
0.000 |
|
Total Current
Liabilities (4) |
35.181 |
57.617 |
53.074 |
|
|
|
|
|
|
TOTAL |
69.961 |
84.028 |
66.537 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.423 |
3.886 |
2.862 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.297 |
|
(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 |
3.423 |
3.886 |
3.159 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
26.308 |
29.308 |
19.488 |
|
(c) Trade
receivables |
27.405 |
34.605 |
34.295 |
|
(d) Cash
and cash equivalents |
5.804 |
6.268 |
4.790 |
|
(e)
Short-term loans and advances |
7.021 |
9.961 |
4.805 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
66.538 |
80.142 |
63.378 |
|
|
|
|
|
|
TOTAL |
69.961 |
84.028 |
66.537 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
97.369 |
123.748 |
|
|
Other Income |
|
0.016 |
0.017 |
|
|
TOTAL |
85.513 |
97.385 |
123.765 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
|
93.279 |
120.969 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(9.819) |
(7.315) |
|
|
|
Employees benefits
expense |
|
4.722 |
2.967 |
|
|
Other expenses |
|
4.093 |
4.614 |
|
|
TOTAL |
78.304 |
92.275 |
121.235 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
7.209 |
5.110 |
2.530 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
5.982 |
3.799 |
1.367 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
1.227 |
1.311 |
1.163 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.463 |
0.553 |
0.403 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.764 |
0.758 |
0.760 |
|
|
|
|
|
|
|
Less |
TAX |
0.248 |
0.248 |
0.238 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.516 |
0.510 |
0.522 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
4300.00 |
4250.00 |
4350.00 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
89.000 |
Expected Sales (2015-16): Rs.100.000 Million
The above information has been parted by Mr. Harikrishna (Operation
Manager)
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 flows from operations activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
0.52 |
0.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
5.25 |
2.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.09 |
0.90 |
1.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.23 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
8.26 |
7.16 |
3.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.89 |
1.39 |
1.19 |
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 |
0.120 |
0.120 |
0.120 |
|
Reserves & Surplus |
2.547 |
3.058 |
3.574 |
|
Share Application money
pending allotment |
0.060 |
0.060 |
0.060 |
|
Net
worth |
2.727 |
3.238 |
3.754 |
|
|
|
|
|
|
long-term borrowings |
10.736 |
23.173 |
31.026 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
10.736 |
23.173 |
31.026 |
|
Debt/Equity
ratio |
3.937 |
7.157 |
8.265 |
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) |
|
Total Revenue |
123.766 |
97.385 |
85.513 |
|
|
|
(21.315) |
(12.191) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Revenue |
123.766 |
97.385 |
85.513 |
|
Profit |
0.522 |
0.510 |
0.516 |
|
|
0.42% |
0.52% |
0.60% |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note:
Registered Office of the Company has been Shifted form 168/2, Kudlu, Off Hosur Road, Bangalore - 560056, Karnataka, India to the Present address w.e.f 19.10.2009
BUSINESS REVIEW
During the year the company recorded revenue of Rs. 85.513 Millions. The
company is making all out efforts in achieving higher business revenues for
future and striving to achieve higher growth relying on the efforts of many
years of dedicated developmental activities. During the current year the
company’s order book position has substantially been improved. The company
hopes to double the turnover in the coming year. The products and services
rendered by the company are well received in the market and they have received
good enquires for their products.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
From Related Parties |
0.320 |
0.339 |
|
From Others |
0.486 |
1.084 |
|
Total |
0.806 |
1.423 |
Fixed Assets:
- Land
- Building
- Computer and
Peripherals
- Furniture and
Fitting
- Office Equipment
- Plant and
Machinery
- Tools and
Dies
- Mobile Phones
- Vehicle
- Mobile Crane
- Mini Tempo
Force
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 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.66.38 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
28 |
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.