MIRA
INFORM REPORT
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Report Date : |
04.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ALPHA CRAFT PRIVATE LIMITED |
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Registered Office : |
No.10, ‘A’ Block, Trident Screnity, 577/2, Nachithoppu, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
04.05.1990 |
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Capital
Investment / Paid-up Capital : |
Rs.3.000 Millions |
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Com. Reg. No.: |
18-002701 |
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CIN No.: [Company
Identification No.] |
U17111TZ1990PTC002701 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
CMBA03983A |
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PAN No.: [Permanent
Account No.] |
AABCA8408L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer and Exporter of Aluminium Pressure Die, Casting Dies and Plastic Injection Moulds |
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No. of Employees
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250 [Office + Factory] Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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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 – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION PARTED BY
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Name : |
Mr. Ramesh |
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Designation : |
Director |
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Contact No.: |
91-9843018651 |
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Date : |
03.11.2011 |
LOCATIONS
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Registered Office : |
No.10, ‘A’ Block, Trident Screnity, 577/2, Nachithoppu, |
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Tel No. : |
91-422-2626040 |
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Mobile No.: |
91-9843018651 [ |
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Fax No.: |
91-422-2625190 |
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E-Mail : |
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Websites: |
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Corporate Office : |
102/2A, Karayampalayam, Mylampatti Post, |
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Factory : |
No. 8 and |
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Tel No.: |
91-422-2571345 |
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Fax No.: |
91-422-2592390 |
DIRECTORS
As on 30.09.2010
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Name : |
Mr. Muthuramalingam Ramesh |
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Designation : |
Managing Director |
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Address : |
217 F, Raheja Centre 236, Race Course Coimbatore-641018, |
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Date of Birth/Age : |
30.04.1962 |
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Date of Appointment : |
24.01.2001 |
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DIN : |
01206518 |
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Other Directorship : |
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Name : |
Mrs. Anandhi Ramesh |
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Designation : |
Director |
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Address : |
B/217, Daffodils Raheja Enclave, 236, Race Course Road, Coimbatore –
641018, Tamilnadu, India |
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Date of Birth/Age : |
16.05.1968 |
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Date of Appointment : |
11.12.2006 |
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DIN : |
02422144 |
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KEY EXECUTIVE
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Name : |
Mr. Ramesh |
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Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
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Names of Shareholders |
No. of Shares |
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M. Ramesh |
27500 |
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Anandhi Ramesh |
2500 |
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Total |
30000 |
As on 30.09.2010
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Equity Share Breakup |
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Percentage of Holding |
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Category |
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Directors
or relatives of directors |
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100.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Aluminium Pressure Die, Casting Dies and Plastic Injection Moulds |
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Products : |
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Exports : |
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Products : |
Plastic Injection Moulds |
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Countries : |
Netherland |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
PRODUCTION STATUS As On 31.03.2010
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Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
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Mould and Die Sets |
Nos |
180 |
180 |
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Aluminum Components |
Nos |
36000 |
36000 |
PRODUCTION STATUS As On 31.03.2010
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Production of Finished Goods |
Unit |
Actual
Production |
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Dies and Moulds |
Nos. |
90 |
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Part of Motor Vehicle |
Nos. |
373422 |
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Parts of Video Projector |
Nos. |
33604 |
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Part of Vacuum pumps |
Nos. |
141575 |
GENERAL INFORMATION
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Suppliers : |
Asab Private Limited |
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Customers : |
Wholesalers and Retailers
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No. of Employees
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250 [Office + Factory] Approximately |
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Bankers : |
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Facilities : |
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Banking
Relations : |
- |
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Auditors : |
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Name : |
G Shankar and Company Chartered Accountants |
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Address : |
38-1. Raghupathy Layout, Saibaba Colony, |
CAPITAL STRUCTURE
As on 31.03.2010
Authorised Capital: 31.03.2008
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No. of Shares |
Type |
Value |
Amount |
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30,000 |
Equity Share |
Rs.100/- each |
Rs.3.000 Millions |
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Issued, Called Up, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
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30,000 |
Equity Share |
Rs.100/-each |
Rs.3.000
Millions |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
3.000 |
3.000 |
3.000 |
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2] Share Application Money |
8.136 |
5.500 |
2.550 |
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3] Reserves & Surplus |
35.426 |
33.376 |
33.030 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
46.562 |
41.876 |
38.580 |
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LOAN FUNDS |
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1] Secured Loans |
80.881 |
67.440 |
56.054 |
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2] Unsecured Loans |
7.734 |
13.174 |
0.000 |
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TOTAL BORROWING |
88.615 |
80.614 |
56.054 |
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DEFERRED TAX LIABILITIES |
7.422 |
7.522 |
6.672 |
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TOTAL |
142.599 |
130.012 |
101.306 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
103.748 |
96.496 |
72.532 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
27.665
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33.535
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38.483 |
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Sundry Debtors |
62.860
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47.300
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58.239 |
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Cash & Bank Balances |
11.817
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4.720
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5.980 |
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Other Current Assets |
0.000 |
0.000 |
0.000 |
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Loans & Advances |
11.928
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4.971
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15.858 |
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Total
Current Assets |
114.270
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90.526 |
118.560
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
0.000 |
0.000
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0.000 |
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Current Liabilities |
71.601
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53.548
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84.739 |
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Provisions |
3.818
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3.462
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5.047 |
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Total
Current Liabilities |
75.419
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57.010 |
89.786
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Net Current Assets |
38.851
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33.516 |
28.774
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
142.599 |
130.012 |
101.306 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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TURNOVER
(A) |
201.463 |
199.478 |
233.349 |
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Less |
EXPENSES |
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Office Expenses |
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Administrative Expenses |
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Advertising Expenses |
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TOTAL (B) |
175.590 |
174.392 |
202.624 |
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PROFIT/[LOSS]
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
25.873 |
25.086 |
30.725 |
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Less |
FINANCIAL
EXPENSES (D) |
11.352 |
9.676 |
7.817 |
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PROFIT/[LOSS]
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.521 |
15.410 |
22.908 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.214 |
14.000 |
10.928 |
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PROFIT / [LOSS]
BEFORE TAX (E-F) (G) |
2.307 |
1.410 |
11.980 |
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Less |
TAX (H) |
0.257 |
1.064 |
4.768 |
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PROFIT / [LOSS]
AFTER TAX (G-H) (I) |
2.050 |
0.346 |
7.212 |
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BALANCE CARRIED
TO THE B/S |
35.426 |
33.376 |
NA |
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EARNINGS IN
FOREIGN CURRENCY |
47.477 |
47.111 |
56.801 |
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IMPORTS |
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Traveling Expenses |
0.000 |
0.213 |
0.972 |
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Stores & Spares |
0.223 |
1.173 |
0.608 |
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Capital Goods |
3.936 |
31.012 |
10.734 |
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Others |
0.000 |
0.128 |
0.000 |
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TOTAL IMPORTS |
4.159 |
32.526 |
12.314 |
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Earnings/[Loss]
Per Share (Rs.) |
68.33 |
-- |
-- |
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Particulars |
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31.03.2011 |
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Sales Turnover [Approximately] |
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300.000 |
Expected Sales (2011-2012) : Rs.400.000 millions
The above information has been parted by Mr. Ramesh [Director].
KEY RATIOS
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PARTICULARS |
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31.03.2010 |
31.03.2009 |
31.03.2008 |
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PAT / Total Income |
(%) |
1.02
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0.17 |
3.09 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.06
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0.75 |
6.27 |
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Return on Investment (ROI) (PBT/Networth) |
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0.05
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0.03 |
0.31 |
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Debt Equity Ratio (Total Liability/Networth) |
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3.52
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3.29 |
3.78 |
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Current Ratio (Current Asset/Current Liability) |
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1.51
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1.59 |
1.32 |
LOCAL AGENCY FURTHER INFORMATION
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Available
in Report [Yes/No] |
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Year
of Establishment |
Yes |
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Locality
of the Firm |
Yes |
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Construction
of the firm |
Yes |
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Premises
details |
Yes |
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Type
of Business |
Yes |
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Line
of Business |
Yes |
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Promoters
background |
- |
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No.
of Employees |
Yes |
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Name
of Person Contacted |
Yes |
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Designation
of contact person |
Yes |
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Turnover
of firm for last years |
Yes |
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Profitability
for last three years |
No |
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Reasons
for variation <> 20% |
- |
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Estimation
for coming financial year |
Yes |
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Capital
the business |
No |
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Details
of sister concerns |
No |
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Major
Suppliers |
Yes |
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Major
Customers |
Yes |
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Payment
Terms |
Yes |
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Export
/ Import Details [If Applicable] |
Yes |
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Market
Information |
- |
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Litigations
that the firm / promoter involved in |
- |
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Banking
Details |
Yes |
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Banking
Facility Details |
No |
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Conduct
of the banking account |
- |
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Buyer
visit details |
- |
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Financials,
if provided |
No |
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Incorporation
details, if applicable |
- |
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Last
accounts filed at ROC |
- |
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Major
Shareholders, if applicable |
- |
Note: Registered office
address of the company has been shifted from
OPERATIONS
The performance of
the company witnessed a marginal growth of 1.00% as compared to previous year.
The aftermath of globals financial turmoil and the demand slackening is still
being felt they had to tread cautiously with judicious capital expenditure
being incurred to maintain the leadership position and also to have the updated
technology in terms of production capability.
The operations of
the year have resulted in a net profit of Rs.2.307 millions after providing for
depreciation of Rs. 12.215 millions, Current Income tax provision is made for
Rs.0.356 million. Deferred tax liability in terms of Accounting Standard 22 is
Rs. (0.099) million and the same has been incorporated in the results.
Contingent Liabilities
All the liabilities
have been provided for except contingent liabilities
Rs.in millions
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Particulars |
Outstanding Rs. |
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31.03.2010 |
31.03.2009 |
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Performance
Guarantee |
213.030 |
246.503 |
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Export Obligation |
23.450 |
183.371 |
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The company has
availed EPCG Scheme for import of capital goods for which an export obligation
as per the prevailing Export Import Policy has to be fulfilled over a period
of years. The obligation stated above is net of obligations undertaken and
obligations already fulfilled up to the year-ended 31-03-2010. |
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Bankers Charges Report
as per Registry
|
Corporate
identity number of the company |
U17111TZ1990PTC002701 |
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Name of the
company |
ALPHA CRAFT
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
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This form is for |
Modification of
charge |
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Charge
identification (ID) number of the charge to be modified |
10257600 |
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Type of charge |
Book Debts Movable Property |
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Particular of
charge holder |
Indian Bank, 1/202, Email : chinniampalayam@indianbank.co.in
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Nature of instrument
creating charge |
1.Agreement for
Bills Purchased (D-35). 2.Agreement for
hypothecation of goods received under advance payment guarantees / LCs etc
(D-73). 3.Counter
Guarantee(F- 44). 4.Agreement for
Inland Irrevocable Letter of Credit (D-87). |
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Date of
instrument Creating the charge |
07.02.2011 |
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Amount secured by
the charge |
Rs.146.200
millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
– 1)OCC - BR 9.50% +
Spread 3.50% + TP 0.50% currently 13.50%
2) PC and FBP
- BR + Spread 2% currently 11.50% 3)MTLI, II ,III
and IV - BR 9.50% + Spread 3.50% + TP 1% currently14% Terms of
Repayment – MTL IV repayable in 60 monthly installments with holiday period
of 6 months. Margin – 1. OCC - 25% on
stocks and book debts less than 90 days. 2. PC (sub-limit
of OCC) - PC 10% on stock. 3. FBP - 10% on
Bills. 4. MTL I - 25% 5. MTL II - 25% 6. MTL III -
43.50% 7. MTL IV - 50%
for Building 25% for machineries. 8. LC - 25% Cash
Margin 9. MG - 25% Cash
Margin Extent and
Operation of the charge - The entire amount of loan is Rs. 146.200 millions
is secured by offer of various securities Others – Revised Limit (Rs
in millions) OCC - 50.000 PC -(10.000) FBN/FBP – 10.000 MG - 10.000 MTL I - 10.100 MTSL II - 11.700 MTSL III - 10.400 MTL IV - 44.000 LC - (22.800) ---------- 146.200 |
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Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
OCC -
Hypothecation of goods, produce, Merchandise, stock stored or to be stored
from time to time in premises at
120/2A, Kanayampalayam, PC / FBP / FBN -
Hypothecation of Stocks and confirmed order / LC. TL IV -
Hypothecation of machineries to be purchased t the cost of 49.300 millions. LC -
Hypothecation of machineries to be purchased under the LC and Pledge of
margin money of 25% Money Guarantee -
Pledge of margin money deposit (25% of the limit) and hypothecation of
aluminium ingots. |
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Date of
instrument modifying the charge |
07.02.2011 |
|
Particulars of
the present modification |
The overall limit
is increased from Rs.96.100 millions to Rs.146.200 millions |
FORM 8:
|
Name of the company |
Alpha Craft Private Limited. |
|
Presented By |
ALPHA CRAFT
PRIVATE LIMITED AND INDIAN BANK, P.N.PALAYAM, |
|
1) Date and description of instrument creating the change |
06/10/1999; a. Agreement of hypothecation of movables covering R s0.338 million b. Agreement of hypothecation of movable covering Rs.2.662 millions |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 3.000 Millions (Rupees Three million only) Comprising of : Medium Term Loan million I 0.338 Medium Tern Loan million. II 2.662
3.000 |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
a. For Medium Term Loan of Rs.0. 338 million:
And items of existing machinery and imported machinery as per annexure
to the said Agreement of Hypothecation. b. For Medium Term Loan Rs.2.662 million : Existing machinery covered under sl No. 7 in the annexure to
Agreement. Proposed domestic machinery covered under sl. No 1 to 4 in the
annexure to Agreement. Proposed machinery to be imported: New vertical machining centre : 1 No., valued at Rs.4.000 million. c. For both the Term Loans: Book debts, receivables and other claims |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest
: 4% over the PRL
rate with a minimum of 17 .85 % Repayment : For Term Loan
0.338 million Repayable in 59 monthly instalments of Rs.0.006 million p.m. and
Rs.0.002 million for 60th month. For Term Loan of
2.662 million Repayable in 59 monthly instalments of Rs.0.045million and
Rs.0.007 million for the 60th month Margin – 33 1/3% |
|
5) Name and Address and description of the person entitled to the charge. |
INDIAN BANK HEAD OFFICE: 66, Rajaji Sala!. Chennai - 600 001. BRANCH OFFICE: P.N. Palayam Branch, |
|
6) Date and brief description of instrument modifying the charge |
29/06/2005; a. Agreement of Hypothecation
of movables. b. Letter of the
BanK intimating closure of loan amount. Both the above
dated the 29th day of June, 2005. |
|
7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
The loans granted by the Bank to the company stands enhanced from
Rs.42.000 Millions to Rs.48.375 Millions as per details shown hereunder: Loans Existing
Revised (Rs. in
Millions) MTL - I
0.18 Nil MTL - II 2.92 Nil HTL - III 6.17 3.25 HTL - IV
28.00 24.73 HTL - V
60.34 49.70 HTL - VI
127.85 107.31 Clean Loan
8.33 4.58 MTL - VII
31.40 31.03 MTL - VIII 155.00 153.15 Sub-limit: ---------- Import LC/CG
(110.41) Nil MTL - IX ---- 110.00. Letter of Credit (122.11) ---------- ------------
42.019 48.375
----------- ------------ b. Pursuant to the execution of the agreement referred to in Column
No.6(a) above, the MTL IX of Rs.11.000 Millions stands specifically secured by a charge on
Makino make - CNC VHC model SS 56, DAHLIH - VMC - MCV model 1020 BA, Dawoo make CNC HHC and
electricals for the said machines to be purchased out of the said loan morefully . To the agreement and
also secured by a charge on - i. Goods, produce, merchandise. stock stored or to be stored from time
to time in premises at 120/2A, Karyampalayam. or any other places. ii.AII the existing plant and machinery situated at the above mentioned place worth Rs.32.614 Millions. ii. Book debts, receivables monies and other claims. c. Rate of interest: MTL IX : 1.50% p.a below the BPTLR plus TP wikth a minimum of 10% p.a. on daily
balances with monthly rests. Schedule of repayment MTL IX is repayable in 75 instalments of Rs.0.l47 million each.
The first instalment to commence from October 2005. d. The goods, produce, merchandise stock, book debts. other assets all plant, machinery and
other hypothecated as security shall be kept by the company at all times open
to the inspection of the bank and shall maintain the same in good and
workable condition and insured and kept insured against fire and such other risks. e. The Company shall not create any charge, mortgage or lien over the
hypothecated securities. It should be free from any other trust, pledge, lien
or claim or encumbrance. f. The Bank at any time after taking possession of hypothecated
properties, can appoint receivers or remove and I or shall have power to sell either by public
auction or by private contract subject to such conditions as the Bank shall
think fit or otherwise dispose of or deal with any of the hypothecate~ securities. g. The charge operates as security for the due repayment of all liabilities in respect of the said loans including costs, charges and expenses and all other monies
due to the company. |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10076409 |
|
Corporate
identity number of the company |
U17111TZ1990PTC002701 |
|
Name of the
company |
ALPHA CRAFT
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
|
|
Type of charge |
Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
HDFC Bank Limited HDFC house senapati
bapat marg, lower parel (west) Mumbai - 400013, maharashtra, L65920MH1994PLC080618 |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
letter of hypothecation of stocks, book debts and machinery. |
|
Date of
instrument Creating the charge |
03.02.2009 |
|
Amount secured by
the charge |
Rs.70.950
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communiucated by the bank from time to time. Terms of
Repayment On demand Margin Company shall at
all times during the continuance of this security maintain the said debts of a
sufficient amount to provide the margin of security as may from time to time
advised by the bank. Extent and
Operation of the charge Hypothecation by
way of first charge on company’s stocks, book debts and machinery etc. to
secure as a continuing security. |
|
Short particulars
of the property charged |
Hypothecation
first charge over the stocks, book debts and machinery. |
|
Date of latest
modification prior to the present modification |
26.10.2007 |
Trade References :
- Asab Private Limited
- CEMENCE
Fixed Assets:
- Building –
Factory
- Plant and
Machinery
- Generator
- Electrical
Equipments
- Energy Saving
Equipments
- Office
Equipments
- Furniture and
Fixtures
- Computer
- Vehicles
Company Profile:
Alphacraft is
the largest commercial Die Casting tool room with part production facility in
A qualified and experienced team ensures a lasting quality and international class in every aspect of tools and components. A good blend of youth and experience takes care of finesse and speed
Alphacraft was started in 1993.
Today Alphacraft is a renowned name in the country.
Modern manufacturing facility, latest engineering design software and simulation (MAGMA) software help manufacturing to achieve the intended quality and schedule.
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.49.08 |
|
|
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--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 |
|
TOTAL |
|
49 |
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 |
- |
Maximum Credit
Limit : USD 186000
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.