1. Summary Information
|
|
|
Country |
|
|
Company Name |
Amar Trades
Limited |
Principal Name 1 |
Mr. Niharendu Basu |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Arun Kumar Ghosal |
|
|
|
Registration # |
21-36780 |
|
Street Address |
27, Mirza Ghalib Street, 5th
Floor, Kolkata – 700016, West |
||
|
Established Date |
17.09.1983 |
SIC Code |
-- |
|
Telephone# |
91-33-22524216 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-33-22524251 |
Business Style 2 |
Exporter |
|
Homepage |
-- |
Product Name 1 |
Ferro Alloys |
|
# of employees |
Not Available |
Product Name 2 |
Silicons |
|
Paid up capital |
Rs.11,038,390/- |
Product Name 3 |
Chromiums |
|
Shareholders |
Directors or relatives of
directors- 100% |
Banking |
Canara
Bank |
|
Public Limited Corp. |
No |
Business Period |
29 years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba
(48) |
|
Related
Company |
|||
|
Relation
-- |
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
156,752,000 |
Current Liabilities |
71,895,000 |
|
Inventories |
34,454,000 |
Long-term Liabilities |
32,276,000 |
|
Fixed Assets |
4,495,000 |
Other Liabilities |
5,720,000 |
|
Deferred Assets |
97,000 |
Total Liabilities |
109,891,000 |
|
Invest& other Assets |
6,463,000 |
Retained Earnings |
81,332,000 |
|
|
|
Net Worth |
92,370,000 |
|
Total Assets |
202,261,000 |
Total Liab. & Equity |
202,261,000 |
|
Total Assets (Previous Year) |
172,351,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
413,187,000 |
Net Profit |
2,663,000 |
|
Sales(Previous yr) |
328,847,000 |
Net Profit(Prev.yr) |
3,215,000 |
|
Report Date : |
03.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
AMAR TRADES LIMITED |
|
|
|
|
Registered
Office : |
27, Mirza Ghalib
Street, 5th Floor, Kolkata – 700016, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.09.1983 |
|
|
|
|
Com. Reg. No.: |
21-36780 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.11.038 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27209WB1983PLC036780 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CALA05463D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA1330M |
|
|
|
|
Legal Form : |
A Closely Held
Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Ferro Alloys, Silicons, Chromiums. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 370000 |
|
|
|
|
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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
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/ Factory : |
27, Mirza Ghalib
Street, 5th Floor, Kolkata – 700016, West |
|
Tel. No.: |
91-33-22524216/ 30287785/
30287786 |
|
Fax No.: |
91-33-22524251 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Mouza: Khamar, P.O: Rajarhat, Bishnupur, Kolkata – 700135, West Bengal, India |
DIRECTORS
(AS ON 29.09.2011)
|
Name : |
Mr. Niharendu Basu |
|
Designation : |
Whole Time Director |
|
Address : |
7A, Waverly Lane, Ground Floor, Kolkata - 700013, West |
|
Date of Birth/Age : |
07.01.1974 |
|
Date of Appointment : |
05.06.2002 |
|
DIN No.: |
00554435 |
|
|
|
|
Name : |
Mr. Arun Kumar Ghosal |
|
Designation : |
Whole Time Director |
|
Address : |
19/3, |
|
Date of Birth/Age : |
06.10.1950 |
|
Date of Appointment : |
05.06.2002 |
|
DIN No.: |
00649821 |
|
|
|
|
Name : |
Mr. Binav Pada Kumar |
|
Designation : |
Whole Time Director |
|
Address : |
5, |
|
Date of Birth/Age : |
15.12.1942 |
|
Date of Appointment : |
01.09.2003 |
|
DIN No.: |
00554438 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Dinesh Kapoor |
|
5540 |
|
Bhaskar Sen |
|
125 |
|
Sadhana Kapoor |
|
1002 |
|
Meena Narvla |
|
10 |
|
Rajat Kapoor |
|
19210 |
|
Gaurav Kapoor |
|
22170 |
|
Raghuraj Kapoor |
|
3000 |
|
Dinesh Kapoor HUF |
|
46385 |
|
Rajesh Kapoor HUF |
|
13050 |
|
Chirta Kapoor |
|
04 |
|
H D Alloys Private Limited, India |
|
10010 |
|
Benuranjan Bhattacharya |
|
3875 |
|
Jayendrabhai Haribhai Patel |
|
8500 |
|
S |
|
02 |
|
V S Krishnan |
|
174 |
|
Manoj Kumar Sonthalia |
|
02 |
|
Kmal Kumar Sonthalia |
|
02 |
|
Prafulla Phankawala |
|
02 |
|
Sudha Ahluwalia |
|
125 |
|
S |
|
125 |
|
G L |
|
150 |
|
Pramode Kapoor |
|
112 |
|
Satya Sharva |
|
250 |
|
Sushila Devi Kapoor |
|
250 |
|
Ail Budhiraj |
|
250 |
|
Ranjan Moudgil |
|
125 |
|
Amita Moudgil |
|
125 |
|
Bela Sethi |
|
125 |
|
Harinder Bhimbhat |
|
125 |
|
Swareha Khera |
|
125 |
|
Asha Walia |
|
250 |
|
G |
|
250 |
|
Phani Chakravati |
|
125 |
|
Pramode Rana |
|
1350 |
|
|
|
47 |
|
Bhattacharjee Ranjan Bidhu |
|
3775 |
|
Bhattacharjee Bhaskar |
|
3350 |
|
Kailash Pati Tiwari |
|
8750 |
|
Madan Lal Kapoor |
|
20000 |
|
Trilok Nath Kapoor |
|
20000 |
|
Kanta Devi Khatter |
|
2500 |
|
Tarkeshwar Singh |
|
2375 |
|
Kirti S Modi |
|
02 |
|
Piyus K Modi |
|
02 |
|
Rakesh Kapoor |
|
10 |
|
Monolisha Management Private Limited, India |
|
420109 |
|
Tejinder Pal Kaur |
|
414213 |
|
Jatinder S Malia |
|
13503 |
|
Surendra Nath Tiwari |
|
39162 |
|
Madhvraj |
|
12255 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Ferro Alloys, Silicons,
Chromiums. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· Canara Bank, Chowringhee Branch, 7, KYD Street, Kolkata - 700016, West Bengal, India ·
HDFC Bank ·
ICICI Bank ·
Indian Bank ·
Punjab National Bank ·
State Bank of India ·
United Bank of India |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Chopra and Company Chartered Accountant |
|
Address : |
Chopra House, 133, Canning Street, Kolkata – 700001, West Bengal,
India |
|
Tel. No.: |
91-33-22421718/ 2523/ 6029 |
|
Fax No.: |
91-33-22426676 |
|
Email : |
|
|
PAN No.: |
AACFC1527A |
CAPITAL STRUCTURE
(AS ON 29.09.2011)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1103839 |
Equity Shares |
Rs.10/- each |
Rs.11.038
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
11.038 |
11.038 |
11.038 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
81.332 |
78.670 |
75.455 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
92.370 |
89.708 |
86.493 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.225 |
0.443 |
0.000 |
|
|
2] Unsecured Loans |
32.051 |
32.601 |
48.351 |
|
|
TOTAL BORROWING |
32.276 |
33.044 |
48.351 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
124.646 |
122.752 |
134.844 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
4.495 |
4.504 |
4.304 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
6.463 |
6.463 |
6.463 |
|
|
DEFERREX TAX ASSETS |
0.097 |
0.069 |
0.022 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
34.454
|
41.192
|
27.965 |
|
|
Sundry Debtors |
114.113
|
76.108
|
82.238 |
|
|
Cash & Bank Balances |
7.089
|
6.427
|
6.604 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
35.550
|
37.588
|
49.331 |
|
Total
Current Assets |
191.206
|
161.315
|
166.138 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
10.646
|
8.291
|
5.080 |
|
|
Other Current Liabilities |
61.249
|
36.769
|
32.003 |
|
|
Provisions |
5.720
|
4.539
|
5.000 |
|
Total
Current Liabilities |
77.615
|
49.599
|
42.083 |
|
|
Net Current Assets |
113.591
|
111.716
|
124.055 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
124.646 |
122.752 |
134.844 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
413.187 |
328.847 |
545.928 |
|
|
|
Other Income |
1.712 |
4.130 |
5.190 |
|
|
|
TOTAL (A) |
414.899 |
332.977 |
551.118 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material |
360.662 |
294.233 |
493.371 |
|
|
|
Power and Fuel |
14.013 |
6.273 |
8.169 |
|
|
|
Process Charges |
5.822 |
6.052 |
0.414 |
|
|
|
Employment Expenses |
2.835 |
3.049 |
2.574 |
|
|
|
Administrative Expenses |
19.436 |
21.235 |
14.227 |
|
|
|
Increased / (Decreased) In Stock |
0.025 |
(8.438) |
17.132 |
|
|
|
TOTAL (B) |
402.793 |
322.404 |
535.887 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.106 |
10.573 |
15.231 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.601 |
5.847 |
12.261 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.505 |
4.726 |
2.970 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.689 |
0.719 |
0.515 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.816 |
4.007 |
2.455 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.153 |
0.792 |
0.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.663 |
3.215 |
1.610 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20.465 |
17.250 |
15.640 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
23.128 |
20.465 |
17.250 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.053 |
0.100 |
2.157 |
|
|
TOTAL EARNINGS |
0.053 |
0.100 |
2.157 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
188.617 |
159.403 |
296.525 |
|
|
TOTAL IMPORTS |
188.617 |
159.403 |
296.525 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.41 |
2.91 |
41.46 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.64
|
0.97
|
0.29 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.92
|
1.22
|
0.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.95
|
2.42
|
1.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.04
|
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.19
|
0.92
|
1.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.46
|
3.25
|
3.94 |
LOCAL AGENCY FURTHER INFORMATION
FORM 8:
|
Corporate
identity number of the company |
U27209WB1983PLC036780 |
|
Name of the
company |
AMAR TRADES LTD |
|
Address of the
registered office or of the principal place of business in |
27, |
|
This form is for |
Modification of
charge |
|
Charge identification (ID) number of the charge to be modified |
80046026 |
|
Type of charge |
Immovable
Property Book Debts Movable Property |
|
Particular of
charge holder |
Canara Bank Chowringhee
Branch, 7, KYD Street, Kolkata – 700016, West Bengal, India |
|
Nature of
instrument creating charge |
1. Supplemental
Agreement (NF-718) dated 30.06.2011 2. Pronote
(NF-480) dated 30.06.2011 3. Draft of ledtd
to be used where additional limit is granted on the very security (Inclusive
of third party property already given to the Bank dated 30.06.2011 4. Board
Resolution dated 29.04.2011 5. Sanction
Letter dated 28.04.2011 |
|
Date of
instrument Creating the charge |
30/06/2011 |
|
Amount secured by
the charge |
Rs.85.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest OCC/ODBD:- Base
Rate + 3.75% p.a. with monthly rests. BE-SE (LC) :
9.5%(not linked to Base Rate). Terms of
Repayment Repayable on
demand. Margin OCC/ODBD - Stock 25%
, Book debts 35 % BE-SE(LC) - 10% FLC(DA) - 25% Extent and
Operation of the charge The charge shall
operate as first charge on all the current assets, movable and immovable
fixed assets. To the extent of the
overall limit of Rs.85.000 Millions excluding interest, commission and other
charges. The charge will be operated till the limit enjoyed by the borrower
company is fully repaid. |
|
Short particulars
of the property charged |
Hypothecation by
way of first charge on entire current assets of Stock and Book debts of the
borrower, both present and future. Extension of
hypothecation Plant and Machinery including Lab equipment, pollution control
equipments etc. and other movable properties of the Company, both present and
future. By way of first
charge on extension of existing EMT of Land and Factory Building in the name
of the company at plot No. 377, 380 and 381 Vill. Khamar, P.O. Rajarhat,
Bishnupur, Kolkata - 700 135. 7 Deeds S.No1. C S Dag No
420, R S Dag No 380, R S Khaithan No118, measuring an area of 0.3675 Acres
more or less together with structure standing theron. S No2. C S Dag No
426 R S Dag No 429 R S Khaithan No 102 measuring an area of .02 decimals more
or less together with structure standing theron. S No.3. R S Dag
No 377, R S Khaithan No 15, Measuring an area of 12 cottahs more or less
together with structure standing theron. S No. 4 R S Dag
No 377, R S Khaithan No 15, measuring an are of 4 cottahs, 3 chittacks 34 Sq ft
more or less together with structure standing theron. S No 5. R S Dag
No 377, R S Khaithan No 15 measuring an are of 6 Cottahs , 14 Chittaks 4 Sq
Feet more or less together with structure standing theron. S No 6. C S Dag
No 342 R S Dag No 381, C S Khaithan No 6, R S Khaithan No 5 measuring an area
of 0.12 decimals more or less together with structure standing theron. S No 7. R S Dag
No 377, R S Khaithan No 15 measuring an area of 11 cottahs, 10 chittaks 37 Sq
Feet more or less together with structure standing theron. |
|
Date of
instrument modifying the charge |
24/08/2009 |
|
Particulars of
the present modification |
By this
modification, the overall limit has been enhanced from Rs.80.000 Millions to
Rs.85.000. The detail of which is mention as below:- OCC/ODBD -
Rs.40.000 Millions (reduce from Rs. 50.000 Millions) ODBD(Sub-limit) -
(Rs.20.000 Millions) (existing) BE-SE(LC) - Rs.15.000 Millions (reduce from
Rs.30.000 Millions) FLC(DA) - Rs.30.000 Millions (fresh) All other terms
and conditions remain unchanged. |
FIXED ASSETS:
·
Air Conditioner
·
Cellular Phone
·
Computer Machine
·
Electric Typewriter
·
Electric Installation
·
Factory Building
·
Fax Machine
·
Furniture and Fixtures
·
Intercom Telephone
·
Laboratory Equipments
·
Land
·
Leasehold Land
·
Office Equipment
·
Page Link
·
Photo Copy Machine
·
Plant and Machinery
·
Scooter
·
Vehicle
·
Weight Machine
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.51.16 |
|
|
1 |
Rs.81.80 |
|
Euro |
1 |
Rs.68.34 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.