MIRA INFORM REPORT
|
Report No. : |
340705 |
|
Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SYMATIC
ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. EL-127/128, MIDC Electronic Zone, T. T. C. Industrial Area,
Mahape, Navi Mumbai – 400710, Maharashtra |
|
Tel No.: |
91-22-27613219 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.01.1995 |
|
|
|
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Com. Reg. No.: |
11-084752 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1995PTC084752 |
|
|
|
|
IEC No.: |
0397001240 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS1210L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Automation and Electronic control
panels.. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
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 |
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|
|
Comments : |
Subject is an established company incorporated in the year 1995 having
a moderate track record. Turnover of the company has declined which has also resulted into
sharp decline in the profitability of the company during FY2014. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit = “BB-“ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
20.10.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Bank Guarantee = “A4+” |
|
Rating Explanation |
Minimal degree of safety and carry very high credit risk |
|
Date |
20.10.2014 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Bijay Kumar Sahu |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9322104919 |
|
Date : |
10.09.2015 |
LOCATIONS
|
Registered Office : |
EL-127/128, MIDC Electronic Zone, T. T. C. Industrial Area, Mahape,
Navi Mumbai – 400710, Maharashtra, India |
|
Tel. No.: |
91-22-27613217/19/65132644 |
|
Mobile No.: |
91-8042538879 (Mr. Bijay K. Shah) 91-9820061438 (Mr. Vijay Vishmu Prasad) |
|
Fax No.: |
91-22-65132645/27613217 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Factory : |
Plot No. El – 139/147, TTC Industrial Area, MIDC Electronic Zone,
MAhape, Navi Mumbai – 400710, Maharashtra, India |
|
Tel. No.: |
91-22-27621207 |
|
Fax No.: |
91-22-27621308 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vijay Vishnu Prasad |
|
Designation : |
Director |
|
Address : |
A – 6 Eden Garden, Deonar, Chembur, Mumbai – 400088, Maharashtra,
India |
|
Date of Birth/Age : |
16.11.1961 |
|
Date of Appointment : |
19.01.1995 |
|
DIN No.: |
00777564 |
|
|
|
|
Name : |
Ms. Asha Prasad |
|
Designation : |
Director |
|
Address : |
A – 6 Eden Garden, Near Panjarpol Deonar, Chembur, Mumbai – 400088,
Maharashtra, India |
|
Date of Birth/Age : |
15.07.1964 |
|
Date of Appointment : |
10.06.2005 |
|
DIN No.: |
00784114 |
|
|
|
|
Name : |
Mr. Vinay Vijay Prasad |
|
Designation : |
Director |
|
Address : |
A – 6 Eden Garden, Near Panjarpol Deonar, Chembur, Mumbai – 400088,
Maharashtra, India |
|
Date of Birth/Age : |
09.11.1989 |
|
Date of Appointment : |
20.07.2011 |
|
DIN No.: |
03578926 |
KEY EXECUTIVES
|
Name : |
Mr. Bijay Kumar Sahu |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Vishnu Prasad |
|
130000 |
|
Asha Prasad |
|
69900 |
|
Vinay Vijay Prasad |
|
100 |
|
|
|
|
|
Total |
|
200000 |
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 Importer of Automation and Electronic control
panels.. |
|
|
|
|
Products : |
Not Available |
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|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
|
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Products : |
Raw Material |
|
Countries : |
Japan |
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Terms : |
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Selling : |
Cash and Credit |
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|
|
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
R. A. Surve and Company Chartered Accountants |
|
Address : |
331, Commodity Exchange, Plot No. 2, 3 and 4, Sector-19 A, Vashi, Navi
Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-27842089 |
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E-Mail : |
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PAN No.: |
AAGPS7085R |
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|
|
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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 |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.000 |
2.000 |
2.000 |
|
(b) Reserves & Surplus |
217.089 |
216.607 |
208.630 |
|
(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) |
219.089 |
218.607 |
210.630 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.456 |
14.371 |
49.167 |
|
(b) Deferred tax liabilities
(Net) |
0.048 |
(0.015) |
1.235 |
|
(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) |
10.504 |
14.356 |
50.402 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
213.436 |
72.182 |
58.256 |
|
(b) Trade payables |
59.060 |
39.837 |
124.682 |
|
(c) Other current liabilities |
17.385 |
31.236 |
77.638 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
289.881 |
143.255 |
260.576 |
|
|
|
|
|
|
TOTAL |
519.474 |
376.218 |
521.608 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
207.070 |
222.809 |
238.831 |
|
(ii) Intangible Assets |
3.150 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
5.556 |
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 |
1.181 |
1.249 |
3.634 |
|
Total
Non-Current Assets |
216.957 |
224.058 |
242.465 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
51.819 |
18.094 |
50.790 |
|
(c) Trade receivables |
130.366 |
40.366 |
213.313 |
|
(d) Cash and cash equivalents |
104.738 |
83.930 |
7.571 |
|
(e) Short-term loans and
advances |
10.349 |
6.774 |
4.802 |
|
(f) Other current assets |
5.245 |
2.996 |
2.667 |
|
Total
Current Assets |
302.517 |
152.160 |
279.143 |
|
|
|
|
|
|
TOTAL |
519.474 |
376.218 |
521.608 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
65.453 |
165.548 |
NA |
|
|
Other Income |
350.115 |
314.658 |
NA |
|
|
TOTAL
|
415.568 |
480.206 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
414.893 |
469.705 |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
0.675 |
10.501 |
18.042 |
|
|
|
|
|
|
|
Less |
TAX |
0.193 |
2.524 |
8.866 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.482 |
7.977 |
9.176 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
216.607 |
208.630 |
199.454 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
217.088 |
216.607 |
208.630 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.41 |
39.89 |
45.88 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
450.000 |
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.12 |
1.65 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.13 |
2.79 |
3.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.05 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.02 |
0.40 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
1.06 |
1.07 |
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 |
2.000 |
2.000 |
2.000 |
|
Reserves & Surplus |
208.630 |
216.607 |
217.089 |
|
Net
worth |
210.630 |
218.607 |
219.089 |
|
|
|
|
|
|
long-term borrowings |
49.167 |
14.371 |
10.456 |
|
Short term borrowings |
58.256 |
72.182 |
213.436 |
|
Total
borrowings |
107.423 |
86.553 |
223.892 |
|
Debt/Equity
ratio |
0.510 |
0.396 |
1.022 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
483.028 |
415.567 |
|
|
(13.966) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
483.028 |
415.567 |
|
Profit |
7.977 |
0.481 |
|
|
1.65% |
0.12% |
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 two 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 |
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 |
OPERATION
The company has been decline in turnover of
Rs. 65.453 Million. The company earned revenue of Rs. 414.752 Million from
operation during the year 2013-14 with Profit after Tax of Rs. 0.482 Million
during the year.
The prevailing uncertainties on the Economic
front in our Country and the Globe has brought a severe recession and in
particular the capital goods sector, where they at Symatic have underperformed.
The drop in business Turnover and erosion of margins in such a depressed market
Scenario has been the consequence.
However there is a huge potential for growth
of this sector in domestic as well as at world over. Further with the recent
trends and favourable policies and market conditions, the directors are
committed to grab the opportunities and hopeful to outperform in the recent
future.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
From Other Parties |
10.456 |
14.371 |
|
|
|
|
|
Total |
10.456 |
14.371 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10578819 |
18/06/2015 |
215,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E),, Mumbai, Maharashtra - 400051, INDIA |
C58375304 |
|
2 |
90145521 |
23/11/2004 |
21,000,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, Maharashtra - 400071, INDIA |
- |
|
3 |
90149445 |
27/01/2005 * |
33,800,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, Maharashtra - 400071, INDIA |
- |
|
4 |
90231175 |
13/12/2005 * |
33,800,000.00 |
BNAKOF BAOROD |
CHEMBAR BRNCH, MUMBAI, Maharashtra - 400071, INDIA |
- |
|
5 |
80003528 |
31/03/2006 * |
181,300,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, Maharashtra - 400071, INDIA |
- |
|
6 |
90144311 |
05/02/2003 |
389,000.00 |
BANK OF BARODA |
CHEMBUR, MUMBAI, Maharashtra - 400071, INDIA |
- |
|
7 |
90231008 |
03/08/2010 * |
217,417,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, Maharashtra - 400071, INDIA |
A92226323 |
|
8 |
90142342 |
04/02/2005 * |
3,800,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, Maharashtra - 400071, INDIA |
- |
|
9 |
90140639 |
19/01/2002 * |
14,020,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, Maharashtra - 400071, INDIA |
- |
|
10 |
90141997 |
15/07/1997 |
3,500,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, Maharashtra - 400071, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Factory Building
- Plant and Machinery
- Furniture and Fixture
- Motor Car
- Office equipment
- Computer
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 : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.