MIRA INFORM REPORT
|
Report No. : |
341486 |
|
Report Date : |
28.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
TRANS AGRO INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Office No. 1802, The Affaires, Plot No. 9, Sector 17, Sanpada, Navi Mumbai
– 400705, Maharashtra |
|
Tel. No.: |
91-22-27813100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.12.2005 |
|
|
|
|
Com. Reg. No.: |
11-158033 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 200.988 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74950MH2005PTC158033 |
|
|
|
|
IEC No.: |
0306068923 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCT3709J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Trading and Importing of Ammonium Sulphate, Zinc
Sulphate and Magnesium Sulphate. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 780000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 14th December, 2005. It has
satisfactory track record. Reserves of the company is low. However, there seems significant
growth in sales turnover during FY2014. Liquidity of the company is fair
marked by favorable gap between trade receivables and payables. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but 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
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 PARTED BY
|
Name : |
Mr. Chitresh |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-27813100 |
|
Date : |
18.09.2015 |
LOCATIONS
|
Registered Office : |
Office No. 1802, The Affaires, Plot No. 9, Sector 17, Sanpada, Navi
Mumbai – 400705, Maharashtra, India |
|
Tel. No.: |
91-22-27813100 |
|
Fax No.: |
91-22-27815207 |
|
E-Mail : |
|
|
Website : |
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|
Location: |
Owned |
|
Locality: |
Commercial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Dilip Kumar Sundarlal Gadia |
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|
Designation : |
Director |
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|
Address : |
236, Ashok Nagar, Road No - 16, Udaipur - 313703, Rajasthan, India |
|||||||||||||||||||||||||||||||||||||
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Date of Birth/Age : |
14.12.2005 |
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DIN No.: |
00484431 |
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Other Directorship :
|
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|
|||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Tarun Subhash Anand |
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|
Designation : |
Director |
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|
Address : |
603, Maruti Mount View, Floor-6, Sector - 8B, Above Apna Bazar, CBD Belapur, Navi Mumbai - 400614, Maharashtra, India |
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|
Date of Birth/Age : |
02.08.1970 |
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|
Date of Appointment : |
29.09.2012 |
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DIN No.: |
02289395 |
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Other Directorship :
|
||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Chitresh |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mr. dilip Kumar Gadia |
|
5000 |
|
Mr. Shehza Ladiwala |
|
5000 |
|
Blue Deebaj Chemicals LLC, UAE |
|
9545593 |
|
Nasreen Dhanani |
|
410000 |
|
Sana Hospitality Services Private Limited, India |
|
4466553 |
|
Abdul Gani Sarfaz Dhanani |
|
5666666 |
|
Total |
|
20098812 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
47.49 |
|
Directors or relatives of Directors |
50.47 |
|
Other top fifty shareholders |
2.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Trading and Importing of Ammonium Sulphate, Zinc
Sulphate and Magnesium Sulphate. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
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|
|
|
Imports : |
|
|
Products : |
Chemicals |
|
Countries : |
China |
|
|
|
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Terms : |
|
|
Selling : |
Cash and Credit (30/60/90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
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|
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|
Auditors : |
|
|
Name : |
Sundaram Seshan and Associates Chartered Accountants |
|
Address : |
3 0 5, Vardhaman Chambers, Sector 17, Vashi, Navi, Mumbai -400705, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABPFS0747L |
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|
|
|
Collaborators : |
Not Divulged |
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|
|
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Membership : |
Not Divulged |
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Associate
Companies: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
21000000 |
Equity Shares |
Rs. 10/- each |
Rs. 210.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20098812 |
Equity Shares |
Rs. 10/- each |
Rs. 200.988 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 |
200.988 |
200.988 |
200.988 |
|
(b) Reserves & Surplus |
72.546 |
64.164 |
54.988 |
|
(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) |
273.534 |
265.152 |
255.976 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.027 |
0.034 |
0.055 |
|
(c) Other long term
liabilities |
0.200 |
0.050 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.227 |
0.084 |
0.055 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
303.167 |
70.000 |
64.432 |
|
(b) Trade
payables |
179.861 |
121.516 |
215.470 |
|
(c) Other current
liabilities |
90.274 |
8.769 |
1.863 |
|
(d) Short-term
provisions |
5.565 |
4.218 |
2.733 |
|
Total Current
Liabilities (4) |
578.867 |
204.503 |
284.498 |
|
|
|
|
|
|
TOTAL |
852.628 |
469.739 |
540.529 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2.841 |
2.282 |
1.202 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.226 |
223.318 |
263.820 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.220 |
16.715 |
24.881 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
28.287 |
242.315 |
289.903 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
|
|
|
(b)
Inventories |
426.887 |
33.403 |
23.900 |
|
(c) Trade receivables |
318.699 |
46.735 |
112.934 |
|
(d) Cash
and cash equivalents |
24.589 |
33.876 |
104.840 |
|
(e)
Short-term loans and advances |
42.377 |
102.146 |
5.118 |
|
(f) Other
current assets |
11.789 |
11.264 |
3.834 |
|
Total
Current Assets |
824.341 |
227.424 |
250.626 |
|
|
|
|
|
|
TOTAL |
852.628 |
469.739 |
540.529 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
917.921 |
320.632 |
357.587 |
|
|
|
Other Income |
13.612 |
13.389 |
9.237 |
|
|
|
TOTAL SALES |
931.533 |
334.021 |
366.824 |
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
915.811 |
314.726 |
343.803 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
15.722 |
19.295 |
23.021 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.505 |
(0.021) |
(0.069) |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
10.217 |
19.316 |
23.090 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(1.880) |
(11.056) |
(12.034) |
|
|
|
|
|
|
|
|
|
Add |
Prior Period Taxes |
(1.835) |
(10.140) |
0.000 |
|
|
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
6.502 |
(1.880) |
(11.056) |
|
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS ON
CIF BASIS |
9104.110 |
267.929 |
299.333 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
0.51 |
0.96 |
1.15 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
The above information has been parted by Mr. Chitesh (Accountant).
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 |
(500.315) |
(22.341) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.11 |
6.02 |
6.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
1.87 |
7.83 |
8.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.07 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.11 |
0.26 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.11 |
0.88 |
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 |
200.988 |
200.988 |
200.988 |
|
Reserves & Surplus |
54.988 |
64.164 |
72.546 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
|
0.000 |
0.000 |
0.000 |
|
Net
worth |
255.976 |
265.152 |
273.534 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
64.432 |
70.000 |
303.167 |
|
Total
borrowings |
64.432 |
70.000 |
303.167 |
|
Debt/Equity
ratio |
0.252 |
0.264 |
1.108 |
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 |
357.587 |
320.632 |
917.921 |
|
|
|
(10.335) |
186.285 |
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
|
357.587 |
320.632 |
917.921 |
|
Profit |
23.090 |
19.316 |
10.217 |
|
|
6.46% |
6.02% |
1.11% |
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 |
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
Note: Registered Office of the Company has been shifted from Office No. 506-507, The Great Eastern Galleria Premises Co-Op Society Limited, Plot No. 20, Sector - 4, Nerul - West, Navi Mumbai - 400706, Maharashtra, India to the present address w.e.f 12.01.2013.
THE COMPANY AND
NATURE OF ITS OPERATIONS
Subject is a private limited company incorporated under the provisions of Companies Act, 1956, having registered office in Navi Mumbai. The Company was incorporated with main object To carry on the business of Import, Export, Resale, Packing of fertilizers and chemicals.
UNSECURED LOAN:
|
Particulars |
31.03.2015 Rs.
In Million |
31.03.2014 Rs.
In Million |
|
Short Term
Borrowings |
|
|
|
Other Loans and Advances |
204.618 |
70.000 |
|
Total |
204.618 |
70.000 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10579421 |
11/03/2015 |
250,000,000.00 |
AXIS BANK LIMITED |
MINI CREDIT MANAGEMENT CENTRE (MCMC)-
THANE, DHIRAJ BAUG, NEAR HARI NIWAS, CIRCLE L. B. S. MARG, THANE, MAHARASHTRA
- 400602, INDIA |
C58634668 |
|
2 |
10493564 |
27/03/2014 |
100,000,000.00 |
IDBI BANK LIMITED |
PLOT NO. C-7, G BLOCK, BKC, OPP. TO NSE
BUILDING, BANDRA EAST, MUMBAI, MAHARASHTRA - 400051, INDIA |
C04184750 |
*Date of modification Charges
FIXED ASSETS:
Tangible assets
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
· Office equipment
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. 65.75 |
|
|
1 |
Rs. 102.17 |
|
Euro |
1 |
Rs. 74.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SYL |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.