1. Summary Information
|
Country |
|
||
|
Company Name |
ARADHYA STEEL
PRIVATE LIMITED |
Principal Name 1 |
Mr. Avinash Aradhya |
|
Status |
Satisfactory |
Principal Name 2 |
Mrs. I M roopa |
|
Registration # |
08-9761 |
||
|
Street Address |
Aradhya House , Door No. 385 2nd Cross, 1st Main
K B , Extension, Davangere-577002,
Karnataka |
||
|
Established Date |
09.01.1989 |
SIC Code |
-- |
|
Telephone# |
91-8192-272990 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-8192-259551 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Steel Wires |
|
|
# of employees |
-- |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 70,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors 100.00% |
Banking |
Union Bank of |
|
Public Limited Corp. |
No |
Business Period |
21 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (45) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
-- |
Aradhya Wires Ropes Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
242,203,000 |
Current Liabilities |
46,722,000 |
|
Inventories |
109,118,000 |
Long-term Liabilities |
565,235,000 |
|
Fixed Assets |
444,199,000 |
Other Liabilities |
29,931,000 |
|
Deferred Assets |
000 |
Total Liabilities |
641,888,000 |
|
Invest& other Assets |
30,803,000 |
Retained Earnings |
74,435,000 |
|
|
|
Net Worth |
184,435,000 |
|
Total Assets |
826,323,000 |
Total Liab. & Equity |
826,323,000 |
|
Total Assets (Previous Year) |
720,862,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
1,023,724,000 |
Net Profit |
39,962,000 |
|
Sales(Previous yr) |
810,742,000 |
Net Profit(Prev.yr) |
(50,642,000) |
MIRA INFORM REPORT
|
Report Date : |
13.04.2011 |
IDENTIFICATION DETAILS
|
Name : |
ARADHYA STEEL PRIVATE LIMITED (w.e.f. 24.01.2008) |
|
|
|
|
Formerly Known As : |
ARADHYA STEEL WIRES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
Aradhya House , Door No. 385 2nd Cross, 1st Main
K B , Extension, Davangere-577002,
Karnataka |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
09.01.1989 |
|
|
|
|
Com. Reg. No.: |
08-9761 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U00361KA1989PTC009761 |
|
|
|
|
IEC No.: |
0794013147 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
BLRA02643E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AACCA3266D |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business : |
Manufacturer of Steel Wires. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 730000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
Aradhya House, Door No. 385 2nd Cross, 1st Main
K B , Extension, Davangere-577002, |
|
Tel. No.: |
91-8192-272990 |
|
Fax No.: |
91-8192-259551 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2400 Sq.fts |
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
|
|
Area : |
3 Acre |
|
Location : |
Leased |
|
|
|
|
Factory 2 : |
Halwarthe, |
|
Area : |
18 Acre |
|
Location : |
Owned |
|
|
|
|
Corporate
Office: |
308 Embassy Centre, 11 Crescent Road, Bangalore-560001, |
|
Tel. No.: |
91-80-41136999 |
|
Fax No.: |
91-80-41136111 |
DIRECTORS
As on 03.09.2010
|
Name : |
Mr. Avinash Aradhya |
|
Designation : |
Director |
|
Address : |
‘Avinash’, 2980-83, MCC B Block
, Davangere-577004, |
|
Date of Birth/Age : |
12.05.1978 |
|
Date of Appointment : |
12.05.2006 |
|
|
|
|
Name : |
Mr. Inahalli Puttappa Mallokaradhya |
|
Designation : |
Director |
|
Address : |
‘Avinash’, 2980-83, MCC B Block
, Davangere-577004, |
|
Date of Birth/Age : |
05.08.1950 |
|
Date of Appointment : |
09.01.1989 |
|
|
|
|
Name : |
Mrs. I M roopa |
|
Designation : |
Director |
|
Address : |
‘Avinash’, 2980-83, MCC B Block
, Davangere-577004, |
|
Date of Birth/Age : |
01.06.1956 |
|
Date of Appointment : |
18.09.2000 |
|
|
|
|
Name : |
Mr. Rajkumar Shankarrao Kothavale |
|
Designation : |
Direcor |
|
Address : |
83, National Co-Operative Housing Society, |
|
Date of Birth/Age : |
04.05.1939 |
|
Date of Appointment : |
12.03.2010 |
|
|
|
|
Name : |
Mr. Dilip Kumar Girirao Deshmukh |
|
Designation : |
Director |
|
Address : |
D6, Sneh Paradise, |
|
Date of Birth/Age : |
23.01.1954 |
|
Date of Appointment : |
12.03.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 03.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Inahalli Puttappa Mallokaradhya |
|
35000 |
|
I M roopa |
|
13900 |
|
Avinash Aradhya |
|
16000 |
|
I M Anju |
|
40 |
|
Deepti Kore |
|
3000 |
|
Prabhakar Kore |
|
1000 |
|
Asha P. Kore |
|
1000 |
|
Nanda S. Hurkadli |
|
30 |
|
Bhanu Kiran |
|
30 |
|
|
|
|
|
Total |
|
70000 |
As on 03.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
|
||||
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|
|
||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Steel Wires |
MT |
24000 |
19493 |
GENERAL INFORMATION
|
Customers : |
· Suprajit Engineering · Remsons Group · Pricol · INFAC Cables · Suhner · Tata Ficosa · Stumpp Schuele and Somappa · Suma Springs · Kemen Springs · Bellite Springs · Nagappa Springs · Accurate Springs ·
Fenner · Deepak Cables · Sesa Goa · Chowgule |
|||||||||||||||||||||||||||||||||||||||||||||||||||
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|
Bankers : |
·
Union
Bank of India, Industrial Finance Branch, No. 10/A, Chandrakiran, Kasturba
Road, Bangalore-560001, ·
State bank of India, SSI Branch, Kumara
Park, 179, Subedar Chatram Road, Seshadripuram, Bangalore-560020, Karnataka,
India ·
HDFC
Bank ·
ICICI
Bank |
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Santhappa and Company Chartered Accountants |
|
Address : |
Ganesh Complex, Behind Hotel Darshan, |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on 03.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
110000 |
Equity Shares |
Rs.1000/- each |
Rs.110.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
70000 |
Equity Shares |
Rs.1000/- each |
Rs.70.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
70.000 |
70.000 |
25.000 |
|
|
2] Share Application Money |
40.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
74.435 |
34.473 |
115.909 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
184.435 |
104.473 |
140.909 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
504.002 |
500.329 |
376.511 |
|
|
2] Unsecured Loans |
61.233 |
37.228 |
46.320 |
|
|
TOTAL BORROWING |
565.235 |
537.557 |
422.831 |
|
|
DEFERRED TAX LIABILITIES |
29.931 |
45.170 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
779.601 |
687.200 |
563.740 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
444.199 |
372.980 |
239.246 |
|
|
Capital work-in-progress |
30.482 |
51.336 |
31.845 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.321 |
0.321 |
0.321 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
109.118
|
82.630 |
113.779
|
|
|
Sundry Debtors |
143.187
|
129.436 |
139.706
|
|
|
Cash & Bank Balances |
9.004
|
17.049 |
34.259
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
90.012
|
66.920 |
34.919
|
|
Total
Current Assets |
351.321
|
296.035 |
322.663 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
40.443
|
26.400 |
|
|
|
Other Current Liabilities |
6.279
|
7.262 |
30.451
|
|
|
Provisions |
0.000
|
0.000 |
0.000
|
|
Total
Current Liabilities |
46.722
|
33.662 |
30.451
|
|
|
Net Current Assets |
304.599
|
262.373 |
292.212
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.190 |
0.116 |
|
|
|
|
|
|
|
|
TOTAL |
779.601 |
687.200 |
563.740 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
1023.724 |
810.742 |
596.872 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
911.839 |
771.173 |
510.566 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
911.839 |
771.173 |
510.566 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
111.885 |
39.569 |
86.306 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
61.214 |
58.054 |
36.523 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
50.671 |
(18.485) |
49.783 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
25.604 |
17.613 |
13.847 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
25.067 |
(36.098) |
35.936 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(14.895) |
14.544 |
12.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
39.962 |
(50.642) |
23.036 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
32.067 |
82.709 |
59.673 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
72.029 |
32.067 |
82.709 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
On FOB Basis |
0.000 |
0.153 |
|
|
|
|
Export of Goods |
10.045 |
0.000 |
|
|
|
TOTAL EARNINGS |
10.045 |
0.153 |
23.394 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.796 |
27.664 |
|
|
|
|
Stores & Spares |
0.000 |
0.018 |
NA |
|
|
|
Capital Goods |
2.723 |
93.245 |
|
|
|
TOTAL IMPORTS |
3.519 |
120.927 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
571 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.90
|
(6.25) |
3.86
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.15
|
(5.40) |
6.40
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
(0.35) |
0.26
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.32
|
5.47 |
3.22
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.52
|
8.79 |
10.59
|
LOCAL AGENCY FURTHER INFORMATION
GLOBAL ECONOMY AND
THE STEEL INDUSTRY
Steel production to grow by 6.5% in 2009-10. While steel demand witnessed
signs of recovery since the beginning of 2009, de-stocking by companies put
pressure on prices. Average steel prices continued to fall for the fourth
consecutive month in February 2009 in the region of 3% to 6%.
With domestic automobile volumes growing by a healthy 5% in 2009-10 and
international automotive companies increasingly procuring components locally to
remain competitive, industry sales growth improved progressively. In 2009-10,
the industry sales grew by 11.8%.
In 2009-10, 12 tyre projects entailing an investment of Rs. 36880.000
Millions were completed expanding tyre capacity by 13% to 102.900 Millions
units. Backed by 5% growth in the OEM segment and 11.3% rise in the replacement
market segment, tyre production grw by 7.7%.
BUSINESS RESULTS
Financial Year 2009-2010 has been a very positive year at Aradhya Steel.
The quality of the new product of Tyre Bead wire was well established with the
leading Auto Tyre manufacturers. Total sales grew from 69.900 Millions in April
to 100.500 Millions in March leading to a healthier bottom-line.
The first half year witnessed the company’s continued focus on growth in
value added products and customers. The Second half of the year witnessed
further increase in manufacturing margins by increased capacity utilization and
sales realization with addition of new customers in all product segments.
The Wind Mill performance was better this year leading to a positive
generation of Rs. 12 Lac in this Financial Year. All documents for obtaining Carbon
Emission Reduction (CER) credits are with UNFCC for the final clearance.
PROSPECTS OF THE
COMPANY
The company is now rapidly expanding on the platform created for growth.
The focus of the company in the following years is to maximize the capacity
utilization and ensure profitable growth.
In the following financial year, the company will further increase the
capacities to 60,000 Metric Tons per Annum to increase the Tyre Bead, Auto
Cable, Spring and PC wire capacities. As this capacity is being added with
marginal increase in employees and overheads, this will yield good
profitability for the company in the immediate
future. Therefore, the directors are confident of significant growth and
profitability in subsequent years.
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80042180 |
|
Corporate
identity number of the company |
U00361KA1989PTC009761 |
|
Name of the
company |
ARADHYA STEEL
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Aradhya House, Door No. 385 2nd Cross, 1st Main
K B , Extension, Davangere-577002, |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Others |
|
Particular of
charge holder |
Union Bank of India, Industrial Finance Branch, No. 10/A, Chandrakiran, Kasturba Road, Bangalore-560001, Karnataka, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Inter-se pari
passu agreement between the participating banks in the multiple banking
arrangements. |
|
Date of
instrument Creating the charge |
24.12.2010 |
|
Amount secured by
the charge |
Rs.207.100
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC (Hyp): Base rate+4.10%
with minimum of 12.60% p.a., TL1: Base rate+4.25%p.a. with a minimum of
12.75% p.a., TL2: Base rate+3% p.a. TL3: Base rate+3% p.a. Terms of
Repayment On demand. Margin CC(Hyp): 25% ILC: 10% for
BG,LC BG: 100% TL1:20% TL2:15% TL3:15% Extent and
Operation of the charge Pari passu first
charge over the entire current assets, stocks, book debts, movables, plant
and machineries and all other assets of the company. (CC(Hyp):
Rs.160.000 millions, (Sub limit DBP/UDBP: Rs.20.000 millions , ILC/BG:
Rs.15.000 millions, BG:Rs.0.400 millions, TL1 (Wind Mill: Rs.29.800 millions,
TL2 Vehicle Loan: Rs.0.800,millions and
TL3 Vehicle Loan: Rs.1.100 millions) |
|
Short particulars
of the property charged |
I)
Pari-passu
First Charge over the entire Current Assets of the Company viz., entire
stocks of Raw Materials, Spares, Stock in process, Finished goods,
Receivables, Book Debts, consumables II)
and
other current assets. III)
1.
2nd charge on the other fixed assets( other than Plant and Machinery) (1st Charge to Union Bank of IV)
and
Pipes and M/S Aradhya Concrete Products (1st Charge to Union Bank of V)
4.
2nd charge to Union Bank of |
|
Date of latest
modification prior to the present modification |
23.12.2010 |
|
Particulars of
the present modification |
Pari-passu First
Charge over the entire Current Assets of the Company viz., entire stocks of
Raw Materials, Spares, Stock in process, Finished goods, Receivables, Book
Debts, consumables and other current assets for the company (as per Annexure
B and C ) Union Bank of All other terms
and conditions including all existing securities to continue for the entire
limits. |
FIXED ASSETS:-
·
Plant and Machinery
·
Electrical Installation
·
D G Sets
·
Lab Equipments
·
Office Equipments
·
Computer and Accessories
·
Weighing Scale
·
Furniture and Fixtures
·
Vehicles
·
Pollution Control Equipments
·
Effluent Treatment Plant
·
Computer Software
·
Cycle
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
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.20 |
|
|
1 |
Rs.72.26 |
|
Euro |
1 |
Rs.63.90 |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
TOTAL |
|
45 |
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.