MIRA INFORM REPORT
|
Report No. : |
340837 |
|
Report Date : |
14.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
PREET MACHINES
LIMITED (w.e.f. 28.02.2008) |
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|
|
|
Formerly Known
As : |
PREET MACHINES
PRIVATE LIMITED |
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|
|
Registered
Office : |
114, Shreshthra Vihar, Delhi – 110092 |
|
Tel. No.: |
91-120-2696697 |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
09.01.2001 |
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|
|
|
Com. Reg. No.: |
55-109126 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 43.431 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL2001PLC109126 |
|
|
|
|
IEC No.: |
0507018613 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELP14624B |
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|
|
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PAN No.: [Permanent Account No.] |
AADCP4281A |
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|
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturing of Rolling Mill Machinery. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 770000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Preet Machines Limited (PML) is the flagship company of the Preet Group,
and is mainly into the business of manufacturing rolling mills for steel
plants. It is an established company having satisfactory track record. The company has shown decent topline growth over previous year but
profitability of the company remains low. However, rating reflects company’s established track record of
business operations supported by promoter’s extensive industry experience and
healthy financial base of the company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered for business dealings 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2015.
INFORMATION DECLINED
Management non-Cooperative (Tel No.: 91-120-2696698)
LOCATIONS
|
Registered Office : |
114, Shreshthra Vihar, Delhi – 110092, India |
|
Tel. No.: |
91-120-2696697 |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Delhi Office : |
64, Pushpanjali Enclave, Delhi – 110092, India |
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|
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Plants : |
D:14 and D:15 and D:8 and D:9 and D:10 and D:11, and D:23, and E:8, Sector:
A-3, Tronic City Ind. Area, Dist : Loni, Ghaziabad – 201102, Uttar Pradesh,
India |
|
Tel. No.: |
91-120-2696697/ 698 |
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Fax No.: |
91-120-2696701 |
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|
|
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US Office : |
2, Naomi Ct. Melville, NY 11747, USA |
|
Tel. No.: |
1-646-279-5903 |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Gurmeet Singh Chauhan |
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Designation : |
Director |
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Address : |
64, Pushpanjali, Delhi – 110092, India |
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Date of Birth/Age : |
09.04.1977 |
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Qualification : |
Under Graduate |
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Date of Appointment : |
01.04.2014 |
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PAN No.: |
ADHPC7852L |
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DIN No.: |
00479805 |
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Other
Directorship:
|
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Name : |
Mr. Preet Singh Chauhan |
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Designation : |
Managing Director |
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|
Address : |
64, Pushpanjali, Delhi – 110092, India |
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Date of Birth/Age : |
09.01.1976 |
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Qualification : |
Under Graduate |
|||||||||||||||||||||||||||
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Date of Appointment : |
01.04.2014 |
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PAN No.: |
ADGPL5355B |
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DIN No.: |
00479841 |
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Other
Directorship:
|
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|
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|
Name : |
Mr. Satish Chhabra |
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|
Designation : |
Director |
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Address : |
1/581, Near Jindal Oil Mill, G. T. Road, Moti Ram Road, Mansrover
Park, Delhi – 110032, India |
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Date of Birth/Age : |
23.10.1959 |
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Date of Appointment : |
29.01.2013 |
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DIN No.: |
06482696 |
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KEY EXECUTIVES
|
Name : |
Mr. Tarun |
|
Designation : |
Account Department |
|
|
|
|
Name : |
Mr. Ashok Kumar Sigh |
|
Designation : |
Secretary |
|
Address: |
302 / A – 17, Shalimar Garden Extn – II, Shahibabad, Ghaziabad –
201005, Uttar Pradesh, India |
|
Date of Birth : |
01.02.1962 |
|
Date of Appointment : |
08.07.2009 |
|
PAN No.: |
AHAPK4077G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
S. Preet Singh S. Kuldeep Singh |
618000 |
|
S. Gurmeet Singh S. Kuldeep Singh |
797700 |
|
S. Kuldeep Singh S. Harbhajan Singh |
247700 |
|
Kawaljeet Kaur S. Kuldeep Singh |
210500 |
|
Keerat Kaur |
91000 |
|
Gurjeet Kaur |
210500 |
|
S. Gurmeet Singh (HUF) |
50000 |
|
S. Preet Singh (HUF) |
145000 |
|
Virender Kumar |
15200 |
|
Virender Kumar (HUF) |
13450 |
|
Ram Lubhaya |
15500 |
|
Ram Lubhaya (HUF) |
16800 |
|
Supan Finance Private Limited, India |
7500 |
|
Lyca Industries Limited, India |
5500 |
|
Bhanu Securities Private Limited, India |
5000 |
|
Swift Octofoam Private Limited, India |
5000 |
|
S.M.Wire Industries Private Limited, India |
5000 |
|
Ingita Financial Services Limited, India |
5000 |
|
Macro Data Studio Private Limited, India |
381300 |
|
Thirdwave Agency Private Limited, India |
977500 |
|
Total |
3823150 |
As on: 29.09.2014
|
Name of Preference shareholders |
No. of Shares |
|
Macro Data Studio Private Limited |
520000 |
|
Total |
520000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
36.40 |
|
Directors or relatives of Directors |
63.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of Rolling Mill Machinery. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
M K Arora and Company Chartered Accountants |
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Address : |
57, |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAGFM1071R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs. 60.000 Million |
|
3000000 |
Preference Shares |
Rs.10/- each |
Rs. 30.000 Million |
|
|
Total |
|
Rs. 90.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3823150 |
Equity Shares |
Rs.10/- each |
Rs. 38.231 Million |
|
520000 |
Preference Shares |
Rs.10/- each |
Rs. 5.200 Million |
|
|
Total |
|
Rs. 43.431
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 |
43.431 |
43.432 |
43.431 |
|
(b) Reserves & Surplus |
226.970 |
212.116 |
205.311 |
|
(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) |
270.401 |
255.548 |
248.742 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
24.085 |
28.702 |
18.440 |
|
(b) Deferred tax liabilities
(Net) |
1.658 |
1.779 |
1.593 |
|
(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) |
25.743 |
30.481 |
20.033 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
120.492 |
133.012 |
97.869 |
|
(b) Trade payables |
161.717 |
236.658 |
211.853 |
|
(c) Other current liabilities |
234.732 |
223.867 |
322.767 |
|
(d) Short-term provisions |
9.001 |
4.339 |
10.579 |
|
Total
Current Liabilities (4) |
525.942 |
597.876 |
643.068 |
|
|
|
|
|
|
TOTAL |
822.086 |
883.905 |
911.843 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
199.017 |
203.636 |
171.607 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.805 |
|
(iii) Capital work-in-progress |
6.601 |
15.261 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.805 |
0.805 |
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 |
206.423 |
219.702 |
172.412 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
397.540 |
359.662 |
438.827 |
|
(c) Trade receivables |
28.676 |
153.861 |
54.492 |
|
(d) Cash and cash equivalents |
56.425 |
20.996 |
75.484 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
133.022 |
129.684 |
170.628 |
|
Total
Current Assets |
615.663 |
664.203 |
739.431 |
|
|
|
|
|
|
TOTAL |
822.086 |
883.905 |
911.843 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from operation |
1367.826 |
868.716 |
1340.169 |
|
|
Other Income |
14.493 |
1.692 |
4.387 |
|
|
TOTAL
(A) |
1382.319 |
870.408 |
1344.556 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
1219.655 |
657.216 |
1280.114 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(37.878) |
72.065 |
(199.210) |
|
|
Employees benefits expense |
4.936 |
3.720 |
9.227 |
|
|
Exceptional items |
0.000 |
0.000 |
0.542 |
|
|
Other expenses |
132.754 |
83.276 |
191.291 |
|
|
TOTAL
(B) |
1319.467 |
816.277 |
1281.964 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
62.852 |
54.131 |
62.592 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.074 |
17.629 |
11.938 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
49.778 |
36.502 |
50.654 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
26.429 |
25.380 |
21.163 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
23.349 |
11.122 |
29.491 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
8.495 |
4.317 |
10.418 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
14.854 |
6.805 |
19.073 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
31.517 |
0.000 |
0.000 |
|
|
TOTAL
EARNINGS |
31.517 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.89 |
1.78 |
4.99 |
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 (used in) operations |
70.237 |
(16.333) |
NA |
|
Net cash flow from operating activity |
(65.717) |
(27.223) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.09 |
0.78 |
1.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.60 |
6.23 |
4.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.87 |
1.28 |
3.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.04 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.53 |
0.63 |
0.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.11 |
1.15 |
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 |
43.431 |
43.432 |
43.431 |
|
Reserves & Surplus |
205.311 |
212.116 |
226.970 |
|
Net
worth |
248.742 |
255.548 |
270.401 |
|
|
|
|
|
|
long-term borrowings |
18.440 |
28.702 |
24.085 |
|
Short term borrowings |
97.869 |
133.012 |
120.492 |
|
Total
borrowings |
116.309 |
161.714 |
144.577 |
|
Debt/Equity
ratio |
0.468 |
0.633 |
0.535 |
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 |
1340.169 |
868.716 |
1367.826 |
|
|
|
(35.179) |
57.454 |
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 |
1340.169 |
868.716 |
1367.826 |
|
Profit |
19.073 |
6.805 |
14.854 |
|
|
1.42% |
0.78% |
1.09% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
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 |
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: The registered address of the company has been
shifted from 27, Savita Vihar, Delhi – 110092, India to the present address
w.e.f 21.12.2009
BACKGROUND :
PREET MACHINES LIMITED (the Company) was incorporated on 09.01.2001. The company is engaged in the business of manufacturing of Rolling Mill Machinery.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long Term
Borrowing |
|
|
|
Loans and Advances from Related parties |
14.028 |
13.432 |
|
Total |
14.028 |
13.432 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10373612 |
01/01/2014 * |
225,663,000.00 |
Punjab and Sind Bank |
A-BLOCK, C.S.C. MARKET, ANAND VIHAR, Delhi - 110092, INDIA |
B94030111 |
|
2 |
10373395 |
02/08/2012 |
20,000,000.00 |
Punjab and Sind Bank |
Zonal Office-I, Sidhartha Enclave, Ashram Chowk,, |
B56750441 |
|
3 |
10373398 |
31/12/2013 * |
50,000,000.00 |
Punjab and Sind Bank |
A-Block, C.S.C Market,, Anand Vihar, Delhi, Delhi |
B94029725 |
|
4 |
10373393 |
31/12/2013 * |
160,000,000.00 |
Punjab and Sind Bank |
A-Block, C.S.C Market,, Anand Vihar, Delhi, |
B94031093 |
|
5 |
10141913 |
27/01/2009 |
80,000,000.00 |
PUNJAB AND SIND BANK |
BRANCH ANAND VIHAR, Delhi - 110092, INDIA |
A56438922 |
|
6 |
10072590 |
24/01/2009 * |
100,000,000.00 |
PUNJAB AND SIND BANK |
BRANCH ANAND VIHAR, Delhi - 110092, INDIA |
A55737704 |
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Other Equipments
· Computer
· Electric Fitting
· Quality Checking Machine
· Electricity Installation
· Electronic weighing scale
· Air Conditioner
· Factory Building
· Attendence Machine
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 : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
48 |
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.