MIRA INFORM REPORT
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Report No. : |
340515 |
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Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRISHNA TISSUES PRIVATE LIMITED |
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Registered
Office : |
BD-33, Sector-1, Salt Lake City, Kolkata – 700064, West Bengal |
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Tel. No.: |
91-33-23379881/82 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
30.03.2005 |
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Com. Reg. No.: |
21-102564 |
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Capital
Investment / Paid-up Capital : |
Rs. 262.720 Million |
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CIN No.: [Company Identification
No.] |
U21093WB2005PTC102564 |
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IEC No.: |
0206014970 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCK5813G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Importer and Supplier of coated duplex paper board. |
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No. of Employees
: |
700 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2100000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated on 30th March, 2005. It has
satisfactory track record. The rating takes into consideration decent networth base and significant
improvement in gearing ratios. Further, it has achieved growth in its sales
turnover and profit of the company. The rating continues to draw strength from experienced promoters in
the paper industry. The relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. The company can be considered normal for business at usual trade terms
and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term bank facilities=BBB |
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Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
21.01.2015 |
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Rating Agency Name |
CARE |
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Rating |
Short term bank facilities=A3+ |
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Rating Explanation |
Have moderate degree of safety and carry higher
credit risk. |
|
Date |
21.01.2015 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Devashi Chakrawarty |
|
Designation : |
Export Manager |
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Contact No.: |
91-33-23379881 |
|
Date : |
09.09.2015 |
LOCATIONS
|
Registered / Corporate Office : |
BD-33, Sector-1, Salt Lake City, Kolkata – 700064, West Bengal, India |
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Tel. No.: |
91-33-23379881 / 82 |
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Fax No.: |
91-33-23379883 |
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E-Mail : |
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Factory 1 : |
NH-6 (Railway Station Ghoraghata), bangan, Howrah – 711303, West
Bengal, India |
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Factory 2 : |
Burdwan Katwa Road, Narja More, Mouza – Aorachawk and Narja, Bhatar,
Burdwan – 713125, West Bengal, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Murari Lal Bajaj |
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Designation : |
Director |
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Address : |
Block BF 307, Salt Lake, Kolkata – 700064, West Bengal, India |
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Date of Birth/Age : |
16.03.1945 |
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Date of Appointment : |
30.03.2005 |
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DIN No.: |
00541921 |
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Other Directorship:
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Name : |
Mrs. Jyoti Kumar Bajaj |
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Designation : |
Director |
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Address : |
Block BF 307, Salt Lake, Kolkata – 700064, West Bengal, India |
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Date of Birth/Age : |
13.08.1970 |
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Date of Appointment : |
30.03.2005 |
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DIN No.: |
00541967 |
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Other Directorship:
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Name : |
Mr. Kanti Kumar Bajaj |
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Designation : |
Director |
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Address : |
Block BF 307, Salt Lake, Kolkata – 700064, West Bengal, India |
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Date of Birth/Age : |
23.10.1971 |
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Date of Appointment : |
30.03.2005 |
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DIN No.: |
00542010 |
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Other Directorship:
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Name : |
Mr. Kishore Sinha |
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Designation : |
Director |
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Address : |
16 Tandaujjain Kashipur, Udhamsingh Nagar, Uttrakhand – 244713, India |
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Date of Birth/Age : |
16.02.1956 |
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Date of Appointment : |
04.10.2009 |
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DIN No.: |
02880132 |
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Name : |
Mr. Golam Safdar |
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Designation : |
Additional directorAdditional directorDirector |
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Address : |
Gulzar, 39a Broad Street, 3rd Floor, Flat -3ne, Kolkata - 700019, West Bengal, India |
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Date of Appointment : |
01.09.2015 |
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DIN No.: |
06517794 |
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KEY EXECUTIVES
|
Name : |
Mr. Shyam Sundar Agarwal |
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Designation : |
Secretary |
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Address : |
23, Simla Streel, Kolkata -700006, West Bengal, India |
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Date of Appointment
: |
01.05.2013 |
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PAN No.: |
AFKPA6307B |
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Date of Appointment
: |
01.07.2015 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Equity Shareholders |
No. of Shares |
|
Murari Lal Bajaj |
10000 |
|
Jyoti Kumar Bajaj |
315000 |
|
Kanti Kumar Bajaj |
300000 |
|
Tata Bajaj |
2076000 |
|
MJK Mercantiles Private Limited, India |
2090000 |
|
Tara Finvest Private Limited |
48400 |
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J. K. Bajaj HUF |
1050000 |
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K. K. Bajaj HUF |
1080000 |
|
RBM Impex Private Limited, India |
521250 |
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Apex Trade Exim Private Limited, India |
1155000 |
|
Siddhi Suppliers Private Limited, India |
1322300 |
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Bajaj Sons |
2500000 |
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Chakra Tradecom Private Limited, India |
85000 |
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Shiksha Deal Trade Private Limited, India |
67500 |
|
Extreme Tie Up Private Limited, India |
52500 |
|
Epson Electronics Private Limited, India |
53750 |
|
GBR Holdings Private Limited, India |
45000 |
|
Mahamaya Tie Up Private Limited, India |
15000 |
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Apex Barter Private Limited, India |
50000 |
|
Bansi Dealcom Private Limited , India |
20000 |
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Aditya Bajaj Welfare Trust |
1032500 |
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Shubhang Bajaj Welfare Trust |
1032500 |
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|
|
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Total |
14921700 |
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Names of Preference Shareholders |
No. of Shares |
|
Aditya Paper industries Private Limited, India |
300000 |
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International Vanijya Private Limited, India |
200000 |
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Vatsala Videsh Vyapar Private Limited, India |
200000 |
|
Rahul Gupta |
150000 |
|
Atul Gupta |
150000 |
|
Apex Tradexim Private Limited , India |
615000 |
|
MJK Mercantile Private Limited , India |
100000 |
|
Tara Finvest Private Limited , India |
100000 |
|
|
|
|
Total |
1815000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
64.46 |
|
Directors or relatives of Directors |
18.79 |
|
Other top fifty shareholders |
16.75 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Supplier of coated duplex paper board. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C and Advance Payment |
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Purchasing : |
L/C and Advance Payment |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesaler
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No. of Employees : |
700 (Approximately) |
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Bankers : |
·
Allahabad bank, Park Street Branch, 57, Park
Street, Kolkata – 700016, West Bengal, India
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Facilities : |
(Rs.
In Million)
|
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Auditors : |
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|
Name : |
S. Bhalotia and Associates Chartered Accountants |
|
Address : |
20B, Abdul Hamid Street, East India House, 1st Floor, Room
No.1F, Kolkata – 700069, West Bengal, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABDFS9117L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives: |
· Krishna Paper Projects Private Limited CIN no.:U21098WB2007PTC118661 |
CAPITAL STRUCTURE
After 30.09.2014
Authorised Capital : Rs.500.000 Million
Issued, Subscribed & Paid-up Capital: Rs.360.767 Million
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Million |
|
|
|
|
|
|
3000000 |
Preference Share |
Rs.100/- each |
Rs. 300.000 Million |
|
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|
|
|
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Total |
|
Rs. 500.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14921700 |
Equity Shares |
Rs.10/- each |
Rs. 149.217
Million |
|
|
|
|
|
|
1815000 |
Preference Share |
Rs.100/- each |
Rs. 181.500 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 330.717
Million |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000000 |
Equity Shares |
Rs.10/- each |
Rs. 180.000 Million |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
26272000 |
Equity Shares |
Rs.10/- each |
Rs. 262.720
Million |
|
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|
|
|
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 |
262.720 |
73.870 |
60.570 |
|
(b) Reserves & Surplus |
490.592 |
426.400 |
339.715 |
|
(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) |
753.312 |
500.270 |
400.285 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
495.635 |
890.035 |
498.623 |
|
(b) Deferred tax liabilities (Net) |
45.411 |
31.277 |
21.431 |
|
(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) |
541.046 |
921.312 |
520.054 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
234.673 |
217.647 |
231.041 |
|
(b) Trade
payables |
332.934 |
191.448 |
277.309 |
|
(c) Other
current liabilities |
45.625 |
112.467 |
131.889 |
|
(d) Short-term
provisions |
0.647 |
0.404 |
11.654 |
|
Total Current
Liabilities (4) |
613.879 |
521.966 |
651.893 |
|
|
|
|
|
|
TOTAL |
1908.237 |
1943.548 |
1572.232 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
974.130 |
986.718 |
827.452 |
|
(ii)
Intangible Assets |
1.058 |
1.764 |
2.031 |
|
(iii)
Capital work-in-progress |
28.238 |
0.423 |
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 |
65.216 |
15.660 |
68.919 |
|
(e) Other Non-current
assets |
39.250 |
22.060 |
24.635 |
|
Total Non-Current
Assets |
1107.892 |
1026.625 |
923.037 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
220.710 |
418.694 |
293.462 |
|
(c) Trade
receivables |
454.799 |
369.765 |
209.662 |
|
(d) Cash
and cash equivalents |
55.454 |
71.637 |
108.387 |
|
(e)
Short-term loans and advances |
26.428 |
45.029 |
8.532 |
|
(f) Other
current assets |
42.954 |
11.798 |
29.152 |
|
Total Current
Assets |
800.345 |
916.923 |
649.195 |
|
|
|
|
|
|
TOTAL |
1908.237 |
1943.548 |
1572.232 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2435.914 |
1901.472 |
1749.519 |
|
|
Other Income |
N.A |
N.A |
N.A |
|
|
TOTAL
|
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
N.A |
N.A |
N.A |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
95.915 |
74.329 |
64.300 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
53.829 |
44.248 |
37.208 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
42.086 |
30.081 |
27.092 |
|
|
|
|
|
|
|
Less |
TAX |
14.135 |
9.896 |
8.764 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
27.951 |
20.185 |
18.328 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
56.899 |
36.714 |
18.386 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
1.06 |
0.76 |
0.69 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
20.475 |
78.831 |
88.367 |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flow from operating activity |
276.309 |
(188.625 ) |
(267.913) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.15 |
1.06 |
1.05 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.24 |
1.55 |
1.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.06 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.00 |
2.37 |
2.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.76 |
1.00 |
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 |
60.570 |
73.870 |
262.720 |
|
Reserves & Surplus |
339.715 |
426.400 |
490.592 |
|
Net
worth |
400.285 |
500.270 |
753.312 |
|
|
|
|
|
|
long-term borrowings |
498.623 |
890.035 |
495.635 |
|
Short term borrowings |
231.041 |
217.647 |
234.673 |
|
Current maturities of
long-term debts |
88.367 |
78.831 |
20.475 |
|
Total
borrowings |
818.031 |
1186.513 |
750.783 |
|
Debt/Equity
ratio |
2.044 |
2.372 |
0.997 |
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 |
1749.519 |
1901.472 |
2435.914 |
|
|
|
8.685 |
28.107 |
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 |
1749.519 |
1901.472 |
2435.914 |
|
Profit |
18.328 |
20.185 |
27.951 |
|
|
1.05% |
1.06% |
1.15% |
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 |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term Loan from bank |
157.419 |
533.031 |
|
|
|
|
|
Total |
157.419 |
533.031 |
|
|
|
|
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10479592 |
20/02/2014 |
1,100,000,000.00 |
UNION BANK OF
INDIA |
INDUSTRIAL
FINANCE BRANCH, 1/1, CAMAC STREET, 1ST FLOOR, KOLKATA, WEST BENGAL - 700016,
INDIA |
B97191902 |
|
2 |
10226849 |
16/05/2015 * |
855,827,000.00 |
ALLAHABAD BANK |
PARK STREET
BRANCH, 57, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
C55396634 |
|
3 |
10214433 |
25/03/2010 |
175,000,000.00 |
ALLAHABAD BANK |
PARK STREET BRANCH,
57, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A83907048 |
|
4 |
10173836 |
04/09/2009 * |
396,500,000.00 |
UCO BANK |
MID CORPORATE
BRANCH (IBB), 4 & 4/1, RED CROSS PA |
A70561527 |
|
5 |
80030857 |
25/03/2010 * |
292,800,000.00 |
ALLAHABAD BANK |
PARK STREET
BRANCH, 57, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
A83907683 |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 : |
SUP |
|
|
|
|
Analysis Done by
: |
RSH |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
YES |
|
--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.