BUSINESS INFORMATION REPORT
1. Summary Information
|
Reference
# |
135-290634-01-020 (20110429558) |
Country |
|
|
Company Name |
M AND B ENGINEERING LIMITED |
Principal Name 1 |
MR. MANIBHAI SHIVABHAI PATEL |
|
Status |
Good |
Principal Name 2 |
MR. HASMUKHBHAI SHIVABHAI PATEL |
|
Our Reference # |
140680 |
Registration # |
04-004437 |
|
Street Address |
MB HOUSE, 51 CHANDRODAYA SOCIETY, |
||
|
Established Date |
16.06.1981 |
SIC Code |
-- |
|
Telephone# |
91-79-26405563 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-79-26400828 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
PROFLEX ROOFING SYSTEMS |
|
|
# of employees |
600 |
Product Name 2 |
PHENIX PRE ENGINEERED |
|
Paid up capital |
Rs.80,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
DIRECTORS OR RELATIVES OF DIRECTORS-100% |
Banking |
BANK OF |
|
Public Limited Corp. |
NO |
Business Period |
29 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba(54) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Related
Concern |
|
M B |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
959,396,000 |
Current Liabilities |
1 |
|
Inventories |
253,634,000 |
Long-term Liabilities |
Total Borrowings 2 |
|
Fixed Assets |
729,756,000 |
Other Liabilities |
3 |
|
Deferred Assets |
0,000 |
Total Liabilities |
[1+2+3] =
4 |
|
Invest& other Assets |
455,000 |
Retained Earnings |
Reserve & surplus 5 |
|
|
|
Net Worth |
6 |
|
Total Assets |
1,943,241,000 |
Total Liab. & Equity |
[4 + 6] |
|
Total Assets (Previous Year) |
1698,715,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
2,070,745,000 |
Net Profit |
69,997,000 |
|
Sales(Previous yr) |
1,874,185,000 |
Net Profit(Prev.yr) |
36,508,000 |
MIRA
INFORM REPORT
|
Report Date : |
03.05.2011 |
|
|
|
|
Tel. No.: |
91-79-6405563 |
|
Fax No.: |
91-79-26400828 |
IDENTIFICATION DETAILS
|
Name : |
M AND B ENGINEERING LIMITED (w.e.f.30.03.2011) |
|
|
|
|
Formerly Known
As : |
M AND B ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
MB House, 51 Chandrodaya Society, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
16.06.1981 |
|
|
|
|
Com. Reg. No.: |
04-004437 |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200GJ1981PTC004437 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMM00926C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM7430Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Proflex Roofing Systems and Phenix Pre Engineered |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is a well established company having fine track. General
financial position is good. Trade relations are reported as fair. Business is
active. Payments are reported to be correct and as per commitments. The company can be considered good for normal 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/ Corporate Office : |
MB House, 51 Chandrodaya Society, |
|
Tel. No.: |
91-79-26405563/ 26405572/ 26461314 |
|
Fax No.: |
91-79-26400828/ 26400826/ 26568433/ 26561588 |
|
E-Mail : |
keyus@mbproflex.com |
|
Website : |
|
|
Area : |
15000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.30 P, Naranpura Sanand, Ahmedabad – 382 213, |
|
Tel. No.: |
91-2717-273051-52-53-54-55-56 |
|
Fax No.: |
91-2717-273052 |
|
Area : |
20 Acers |
|
Location : |
Owned |
|
|
|
|
Marketing Office : |
Located
at:
|
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Manibhai Shivabhai Patel |
|
Designation : |
Director |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad -380013, |
|
Date of Birth/Age : |
03.08.1924 |
|
PAN No. : |
AATPP0123E |
|
Date of Appointment: |
16.06.1981 |
|
|
|
|
Name : |
Mr. Hasmukhbhai Shivabhai Patel |
|
Designation : |
Director |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad -380013, |
|
Date of Birth/Age : |
24.09.1935 |
|
Qualification : |
B.E. Civil and Electrical |
|
PAN No. : |
ACVPP7829P |
|
Date of Appointment: |
16.06.1981 |
|
|
|
|
Name : |
Mr. Girishbhai Manibhai Patel |
|
Designation : |
Director |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad-380013, |
|
Date of Birth/Age : |
31.08.1947 |
|
Qualification : |
Diploma in Hydraulic Engineering |
|
PAN No. : |
AAWPP1120E |
|
Date of Appointment: |
31.12.1984 |
|
|
|
|
Name : |
Mr. Vipinbhai Kantilal Patel |
|
Designation : |
Director |
|
Address : |
9-A, Sureshwari Society, Naranpura, Ahmedabad – 380013, |
|
Date of Birth/Age : |
17.03.1948 |
|
Qualification : |
B. Com. Inter CA |
|
PAN No. : |
AEQPP4916C |
|
Date of Appointment: |
31.12.1984 |
|
|
|
|
Name : |
Mr. Chirag Hasmukhbhai Patel |
|
Designation : |
Managing Director |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad -380013, |
|
Date of Birth/Age : |
26.03.1971 |
|
Qualification : |
B.E. Civil |
|
PAN No. : |
AEHPP8762P |
|
Date of Appointment: |
01.05.1993 |
|
|
|
|
Name : |
Mr. Malav Girishbhai Patel |
|
Designation : |
Managing Director |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad -380013, |
|
Date of Birth/Age : |
20.10.1976 |
|
Date of Appointment: |
01.03.2001 |
|
|
|
|
Name : |
Mr. Rangarajan Krishnan Vijaya Raghavan |
|
Designation : |
Managing Director |
|
Address : |
Plot No. 38, 8-2-120/86/9/A/35, Rao And Raju Colony, Road No. 14,
Banjara Hills, Hyderabad-500034, |
|
Date of Birth/Age : |
07.08.1948 |
|
Date of Appointment: |
01.09.2007 |
KEY EXECUTIVES
|
Name : |
Mrs. Briva Chiragbhai Patel |
|
Designation : |
Secretary |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad -380013, |
|
Date of Birth/Age : |
02.06.1973 |
|
Date of Appointment: |
01.11.2008 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Manibhai S Patel |
|
1120000 |
|
Hasmukhbhai S Patel |
|
1120000 |
|
Girishbhai M Patel |
|
1040000 |
|
Umaben G Patel |
|
320000 |
|
Malav G Patel |
|
1120000 |
|
Chirag H Patel |
|
1680000 |
|
Vipinbhai K Patel |
|
400000 |
|
Leenaben V Patel |
|
160000 |
|
Aditya V Patel |
|
240000 |
|
Birvaben C Patel |
|
800000 |
|
Total |
|
8000000 |
As on 30.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Proflex Roofing Systems and Phenix Pre Engineered |
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|
|
|
Products : |
Pre Engineered Metal Building |
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Terms : |
|
|
Selling : |
L/C, Cash and Credit (30 Days) |
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|
|
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Purchasing : |
L/C, Cash and Credit (0 to 180 Days) |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Pre Engineered Metal Buildings |
MT |
60000 |
20108.386 |
GENERAL INFORMATION
|
Customers : |
End Users, Corporate and Others. |
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No. of Employees : |
600 (100 in Office, 400 in Factory and 100 in Branches) |
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Bankers : |
·
Bank of Baroda, Bhadra Branch, Opposite Dinubhai
Tower, Lal Darwaja, Ahmedabad – 380001, Gujarat, India ·
Standard Chartered Bank, Ground Floor, Abhijeet
II, Near Mithakhali Six Roads, Ahmedabad-380006, |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
Talati and Talati Chartered Accountants |
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Address : |
Ambika Chambers, Near Old High Court, Navarangpura, Ahmedabad –
380009, |
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Tel. No.: |
91-79-30084523 |
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Related Party: (Control Exist): |
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CAPITAL STRUCTURE
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 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 |
80.000 |
80.000 |
80.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
202.108 |
132.111 |
95.604 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
282.108 |
212.111 |
175.604 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
574.487 |
654.393 |
478.889 |
|
|
2] Unsecured Loans |
574.936 |
356.266 |
207.256 |
|
|
TOTAL BORROWING |
1149.423 |
1010.659 |
686.145 |
|
|
DEFERRED TAX LIABILITIES |
50.787 |
37.407 |
19.560 |
|
|
|
|
|
|
|
|
TOTAL |
1482.318 |
1260.177 |
881.309 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
729.756 |
721.307 |
510.658 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.170 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.455 |
0.455 |
0.455 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
253.634
|
405.792 |
212.798 |
|
|
Sundry Debtors |
612.202
|
282.507 |
205.596 |
|
|
Cash & Bank Balances |
150.124
|
82.686 |
134.562 |
|
|
Other Current Assets |
59.854
|
33.376 |
7.457 |
|
|
Loans & Advances |
137.216
|
172.592 |
144.580 |
|
Total
Current Assets |
1213.030
|
976.953 |
704.993 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
201.351
|
219.366 |
192.933 |
|
|
Other Current Liabilities |
222.667
|
200.547 |
132.520 |
|
|
Provisions |
36.905
|
18.625 |
9.514 |
|
Total
Current Liabilities |
460.923
|
438.538 |
334.967 |
|
|
Net Current Assets |
752.107
|
538.415 |
370.026 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1482.318 |
1260.177 |
881.309 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2070.745 |
1874.185 |
453.170 |
|
|
|
Other Income |
8.172 |
15.102 |
1.758 |
|
|
|
TOTAL (A) |
2078.917 |
1889.287 |
454.928 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
1544.463 |
1415.679 |
335.479 |
|
|
|
Administrative and Other Expenses |
257.649 |
225.066 |
69.129 |
|
|
|
Selling and distribution Expenses |
43.073 |
28.859 |
8.191 |
|
|
|
Increase/(Decrease) in Finished Goods |
(37.253) |
(8.497) |
(56.729) |
|
|
|
TOTAL (B) |
1807.932 |
1661.107 |
356.070 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
270.985 |
228.180 |
98.858 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
114.120 |
120.004 |
20.273 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
156.865 |
108.176 |
78.585 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
54.488 |
44.601 |
14.344 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
102.377 |
63.575 |
64.241 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
32.380 |
27.067 |
25.951 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
69.997 |
36.508 |
38.290 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
65.612 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
326.930 |
171.799 |
41.795 |
|
|
|
Stores & Spares |
8.064 |
4.226 |
0.000 |
|
|
|
Capital Goods |
23.945 |
96.429 |
98.513 |
|
|
TOTAL IMPORTS |
358.939 |
272.454 |
140.308 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
87.50 |
45.63 |
533.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total
Income |
(%) |
3.37
|
1.93 |
8.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.94
|
3.39 |
14.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.27
|
3.74 |
5.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.29 |
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.71
|
6.80 |
5.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.63
|
2.23 |
2.10 |
LOCAL AGENCY FURTHER INFORMATION
THE YEAR UNDER
RETROSPECT
As envisaged in their report for the year 2008-09, sluggish market condition, higher steel price and stiff condition has adversely affected
profitability.
PEE and vision has achieved production of about
20000 MT during the year, which is 33% increase over previous year. However these orders were procured and executed at a very low price. Even though, because of the weak market sentiment, order position remained under pressure. Thus low production
at lower margin has significantly affected financial
performance during the year under
report.
However the year 2010-12 has started with good recovery in terms of volume and pricing and they expect good results
for the year 2010-11. They are
also targeting export markets in
African countries.
Proflex division has fared better this year.
Company still enjoys the 80%
share in Indian market. Turnover has increased by 23%. They have
added one more machine and its related fleet of equipment this year. They
have also placed order for one more
machine fox 2010-11 keeping in mind
infrastructure deveIoprne11t-s in the
country.
They have ambitious plans for 2010-11 which to their opinion
shall be one more good year
for Proflex Division.
FUTURE GROWTH
There is tremendous scope for
Infrastructure and Industrial
growth for coming two decades in
They, as a growing Company, can not just sit idle or contended. They are planning to add
new line of product, viz. highrise
building structures. There is a wide
scope for such kind of commercial and residential projects
in the county. This will add
more value in their product mix
and will enable them-to grab more market share. They also have plants to
manufacture heavy structures
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U45200GJ1981PTC004437 |
|
Name of the
company |
M AND B ENGINEERING PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
MB House, 51 Chandoday Society, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10073163 |
|
Type of charge |
Book Debts Movable Property Others Stock of raw
materials, semi fin. and fin. Goods |
|
Particular of
charge holder |
Bank of Baroda, Bhadra Branch, Opposite Dinubhai Tower, Lal Darwaja,
Ahmedabad – 380001, Gujarat, India |
|
Nature of
description of the instrument creating or modifying the charge |
Second
supplemenal joint deed of hypothecation |
|
Date of
instrument Creating the charge |
20.10.2010 |
|
Amount secured by
the charge |
Rs.1395.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Terms of
Repayment Bank of 1. Term loan: Rs.230
Millions: 24 qrtly installments commencing 12 months after completion or 18
months after completion or 18 months after 1st disbursement which ever is
earlier. 2. Term loan: Rs.106.500
millions: 24 qrtly installments commencing 12 months after completion or 18
months after 1st disbursement which ever is earlier 3. W/c, loc and
bk. Guarantee: 12 months Standard
chartered bank: repayment remain same Axis bank ltd.: repayment
remain same Margin Bank of 1. Term loan iii:
building 35% and machinery 25% 2. Cash credit:
stock 30% and book debts 50% 3. Working
capital and bank guarantee: 15% cash margin Standard
chartered bank 1. Term loan:
fixed deposit receipt of Rs.6.300 millions keep during the moratorium 2. Import l/c:
10% in the form of fixed deposit to be furni. At the time of opening of l/c. Axis bank 1. Term loan:
29.54%, 2. Cash credit: inventory 25% and book debts 50%, 3. L/c. 10% cash
margin, 4. Bank
guarantee: 10% Others Personal
guarantee of 1. Mr. Manibhai
s. Patel 2. Mr. Hasmukhbhai s. Patel 3. Mr. Girishbhai M. Patel 4. Mr. Chirag h.
Patel 5. Mr. Vipinbhai K. Patel 6. Mr. Malav G. Patel |
|
Date of latest
modification prior to the present modification |
12.09.2008 |
|
Particulars of
the present modification |
Additional amount
sanctioned by bank of Working capital and
overdraft Rs.35.000 millions Letter of credit Rs.30
Millions Bank guarantee Rs.130
millions Thus total: Rs.195.000
millions The bifurcation
of financial assistance granted through the said modification |
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.44.30 |
|
|
1 |
Rs.73.90 |
|
Euro |
1 |
Rs.65.57 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.