|
|
|
MIRA INFORM REPORT
|
Report No. : |
511558 |
|
Report Date : |
28.05.2018 |
IDENTIFICATION DETAILS
|
Name : |
MARQUARDT INDIA PRIVATE LIMITED (w.e.f.24.01.2008) |
|
|
|
|
Formerly Known
As : |
R G K CONTROLS AND COMPONENTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
21, Government Industrial Estate, Kandivali (West), Mumbai
– 400067, Maharashtra |
|
Mob. No.: |
91-22-28684519 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2017 |
|
|
|
|
Date of
Incorporation : |
14.12.1972 |
|
|
|
|
Com. Reg. No.: |
11-016186 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
INR 7.437 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109MH1972PTC016186 |
|
|
|
|
IEC No.: [Import-Export Code No.] |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14459E |
|
|
|
|
GSTN : [Goods & Service Tax
Registration No.] |
Not Divulged |
|
|
|
|
TIN No.: |
Not Divulged |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR3070L |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
The company is in the business of trading and manufacturing of automotive
/appliance switches and provide support in product development activities.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “Marquardt Mechatronik GMBH, Germany” incorporated in the year 1972 having satisfactory track record. It is engaged as manufacturer, dealer, seller, importer and exporter of Switched, capacitors and electric and electronic components of all types. For the financial year 2017, the company has achieved massive growth in its revenue as compared to its previous year and has shown drastic improvement in its profitability margin. Rating takes into consideration the satisfactory financial risk profile marked by adequate net worth base along with strong debt protection metrics. Rating further takes into account, the long and established track record of its business operation backed by its well experienced promoters along with strong financial and managerial support from its holding entity. However, rating strengths is partially offset by continuous operational losses and intense competitive pressure from other organized as well as unorganized players operating in the fragmented industry. Payments seems to be regular. In view of aforesaid, 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.
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
31-03-2018.
BIFR (Board for Industrial & Financial
Reconstruction) LISTING STATUS
Subject’s name is
not listed as a Sick Unit in the publicly available BIFR (Board for Industrial
& Financial Reconstruction) list as of 28.05.2018.
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION DENIED BY
|
Name : |
Mr. Muzzafar |
|
Designation : |
Admin |
|
Contact No.: |
91-22-28684519 |
|
Date : |
25.05.2018 |
LOCATIONS
|
Registered Office/Plant : |
21, Govternment Industrial Estate, Kandivali (West),
Mumbai – 400067, Maharashtra, India |
|
Tel. No.: |
91-22-28684519 |
|
Fax No: |
91-22-28688510 |
|
E-Mail : |
|
|
Website: |
|
|
|
|
|
|
Source: Company website (https://in.marquardt.com) |
|
|
|
|
Research and
Development Center : |
8th Floor, Wing B, Building Congo, Block 1.3, Embassy Techzone, Rajiv Gandhi Infotech Park, Hinjewadi, Phase-II, Pune – 411057, Maharashtra, India |
|
Tel. No.: |
91-20-6673-2000 |
|
Fax No: |
91-20-6673-2090 |
DIRECTORS
As on 31.03.2018
|
Name : |
Mr. Vikas Puri |
|
Designation : |
Managing Director |
|
Address : |
Nandan Prospera, Flat No-602, A-1 Near Dmart, Baner, Pune
– 411045, Maharashtra, India |
|
Date of Appointment : |
27.07.2017 |
|
DIN No : |
07889599 |
|
|
|
|
Name : |
Mr. Karl Muller |
|
Designation : |
Nominee Director |
|
Address : |
Zeppelinstrasse 4 Rottweil Rottweil 78628 De |
|
Date of Appointment : |
07.02.2017 |
|
DIN No : |
07725376 |
KEY EXECUTIVES
|
Name : |
Mr. Muzzafar |
|
Designation : |
Admin |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Marquardt Mechatronik Gmbh, Germany |
|
74070 |
|
Marquardt Schaltsystems Gmbh, Germany |
|
300 |
|
|
|
|
|
Total |
|
74370 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2017
|
Category |
Percentage |
|
Promoter – Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is in the business of trading and manufacturing of
automotive /appliance switches and provide support in product development
activities. (Registered Activity) |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Sampat Mehta and Associates Chartered Accountant |
|
Address : |
Off to W E Highway, Bandra (East), Mumbai 400051, Maharashtra,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS1266J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
Marquardt Mechatronik Gmbh |
|
|
|
|
Ultimate Holding Company : |
J. and J. Marquardt KG |
|
|
|
|
Fellow Subsidiary Company : |
Marquardt Switches (Shanghai) Company Limited, China |
|
|
|
|
Fellow Subsidiary Holding Company : |
|
|
|
|
|
Subsidiary of Fellow Subsidiary of Holding Company : |
|
CAPITAL STRUCTURE
AFTER 31.03.2017
Authorised Capital : INR 21.700 Million
Issued, Subscribed & Paid-up Capital : INR 10.993
Million
As on 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
80000 |
Equity Shares |
INR 100/- each |
INR 8.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
74370 |
Equity Shares |
INR 100/- each |
INR 7.437
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.437 |
7.437 |
7.437 |
|
(b) Reserves &
Surplus |
63.722 |
22.697 |
40.205 |
|
(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) |
71.159 |
30.134 |
47.642 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
73.264 |
97.999 |
117.897 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
1.971 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
73.264 |
99.970 |
117.897 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
86.986 |
66.153 |
81.210 |
|
(c) Other current
liabilities |
89.149 |
78.437 |
25.196 |
|
(d) Short-term provisions |
13.774 |
3.253 |
0.000 |
|
Total Current Liabilities
(4) |
189.909 |
147.843 |
106.406 |
|
|
|
|
|
|
TOTAL |
334.332 |
277.947 |
271.945 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
109.030 |
76.069 |
111.130 |
|
(ii) Intangible Assets |
27.496 |
35.274 |
7.963 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
4.947 |
0.000 |
24.301 |
|
(d) Long-term Loan and Advances |
31.886 |
26.324 |
13.906 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
173.359 |
137.667 |
157.300 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
17.294 |
17.495 |
23.465 |
|
(c) Trade receivables |
67.861 |
82.815 |
30.596 |
|
(d) Cash and cash
equivalents |
70.302 |
34.129 |
57.982 |
|
(e) Short-term loans and
advances |
4.961 |
5.816 |
1.473 |
|
(f) Other current assets |
0.555 |
0.025 |
1.129 |
|
Total Current Assets |
160.973 |
140.280 |
114.645 |
|
|
|
|
|
|
TOTAL |
334.332 |
277.947 |
271.945 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Income |
536.509 |
380.722 |
118.343 |
|
|
Other Income |
8.880 |
6.241 |
4.650 |
|
|
TOTAL |
545.389 |
386.963 |
122.993 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
37.342 |
38.257 |
36.175 |
|
|
Purchases of
Stock-in-Trade |
2.217 |
1.943 |
2.290 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.855) |
1.984 |
(2.022) |
|
|
Employees benefits
expense |
152.460 |
88.762 |
54.628 |
|
|
Other expenses |
246.430 |
181.345 |
24.946 |
|
|
TOTAL |
437.594 |
312.291 |
116.017 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
107.795 |
74.672 |
6.976 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
4.587 |
6.883 |
3.538 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
103.208 |
67.789 |
3.438 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
60.250 |
56.735 |
35.911 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
42.958 |
11.054 |
(32.473) |
|
|
|
|
|
|
|
Less |
TAX |
1.932 |
28.561 |
(6.992) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
41.026 |
(17.507) |
(25.481) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
20.462 |
17.336 |
16.850 |
|
|
Capital Goods |
23.158 |
16.013 |
18.821 |
|
|
TOTAL IMPORTS |
43.620 |
33.349 |
35.671 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
551.64 |
(235.41) |
(698.75) |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
146.936 |
47.170 |
26.256 |
|
Net cash flow from operating activity |
144.976 |
46.468 |
26.256 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry Debtors / Income * 365 Days) |
46.17 |
79.40 |
94.37 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry
Debtors) |
7.91 |
4.60 |
3.87 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors
/ Purchases * 365 Days) |
802.60 |
600.64 |
770.61 |
|
|
|
|
|
|
Inventory Turnover (Operating Income
/ Inventories) |
6.23 |
4.27 |
0.30 |
|
|
|
|
|
|
Asset Turnover (Operating Income
/ Net Fixed Assets) |
0.79 |
0.67 |
0.06 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing + Current Liabilities) / Total
Assets) |
0.79 |
0.88 |
0.82 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability
/ Networth) |
1.03 |
3.25 |
2.47 |
|
|
|
|
|
|
Current Liabilities to Networth (Current
Liabilities / Net Worth) |
2.67 |
4.91 |
2.23 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets
/ Networth) |
1.92 |
3.69 |
2.50 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial
Charges) |
23.50 |
10.85 |
1.97 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) *
100) |
% |
7.65 |
(4.60) |
(21.53) |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total
Assets) * 100) |
% |
12.27 |
(6.30) |
(9.37) |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth)
* 100) |
% |
57.65 |
(58.10) |
(53.48) |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current Assets / Current Liabilities) |
0.85 |
0.95 |
1.08 |
|
|
|
|
|
|
Quick Ratio ((Current Assets
– Inventories) / Current Liabilities) |
0.76 |
0.83 |
0.86 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total
Assets) |
0.21 |
0.11 |
0.18 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity
Capital) |
9.85 |
13.18 |
15.85 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current
Assets / Total Current Liabilities) |
0.85 |
0.95 |
1.08 |
Total Liability = Short-term Debt + Long-term
Debt + Current Maturities of Long-term debts
FINANCIAL ANALYSIS
[all figures are
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Share Capital |
7.437 |
7.437 |
7.437 |
|
Reserves & Surplus |
40.205 |
22.697 |
63.722 |
|
Net worth |
47.642 |
30.134 |
71.159 |
|
|
|
|
|
|
long-term borrowings |
117.897 |
97.999 |
73.264 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
117.897 |
97.999 |
73.264 |
|
Debt/Equity ratio |
2.475 |
3.252 |
1.030 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
118.343 |
380.722 |
536.509 |
|
|
|
221.711 |
40.919 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
INR In Million |
INR In Million |
INR In Million |
|
Sales |
118.343 |
380.722 |
536.509 |
|
Profit |
(25.481) |
(17.507) |
41.026 |
|
|
(21.53%) |
(4.60%) |
7.65% |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
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 |
|
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
|
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2017 (INR
in Million) |
31.03.2016 (INR
in Million) |
|
LONG TERM
BORROWING |
|
|
|
Term loan from holding company |
73.264 |
97.999 |
|
|
|
|
|
Total |
73.264 |
97.999 |
INDEX
OF CHARGES:
|
Charges Registered |
||||||||
|
SNo |
SRN |
Charge Id |
Charge Holder Name |
Date of Creation |
Date of Modification |
Date of Satisfaction |
Amount |
Address |
|
1 |
Y10290682 |
90188783 |
STATE BANK OF INDIA |
29/09/1999 |
05/09/2000 |
- |
5300000.0 |
KANDIVLI INDUSTRIAL ESTATE BRANCHKANDIVLI (WEST)MUMBAIMHIN |
FIXED ASSETS
- Building
- Plant and
Machinery
- Furniture and
Fitting
- Motor Vehicle
- Office
Equipment
- Computer and
Server
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 records 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 records 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
|
INR |
|
US Dollar |
1 |
INR 68.26 |
|
|
1 |
INR 91.22 |
|
Euro |
1 |
INR 79.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SHI |
|
|
|
|
Analysis Done by
: |
NIS |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE FACTORS
|
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 |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.