Business
information report
1. Summary Information
|
|
|
Country |
|
|
Company Name |
ASIAN COLOUR COATED ISPAT LIMITED |
Principal Name 1 |
Mr. Ram Kumar Aggarwal |
|
Status |
Good |
Principal Name 2 |
Mr. Pradeep Aggarwal |
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|
|
Registration # |
55-132593 |
|
Street Address |
403, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi –
110001 |
||
|
Established Date |
02.02.2005 |
SIC Code |
-- |
|
Telephone# |
-- |
Business Style 1 |
Manufacturer |
|
Fax # |
-- |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
Cold Rolled Coils |
|
|
# of employees |
150 (Approximately) |
Product Name 2 |
Galvanised Plain Coils |
|
Paid up capital |
Rs.307,732,000/- |
Product Name 3 |
Colour Coated Coils |
|
Shareholders |
Bodies corporate – 76.89% Directors or
relatives of Directors – 23.11% |
Banking |
Bank of Baroda |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public Enterprise |
No |
Rating |
A (64) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Associates
|
India
|
AGR Steel Strips Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
4,049,151,000 |
Current Liabilities |
191,873,000 |
|
Inventories |
2,610,835,000 |
Long-term Liabilities |
5,527,996,000 |
|
Fixed Assets |
1,507,728,000 |
Other Liabilities |
63,915,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
5,783,784,000 |
|
Invest& other Assets |
1,396,035,000 |
Retained Earnings |
3,022,383,000 |
|
|
|
Net Worth |
3,779,965,000 |
|
Total Assets |
9,563,749,000 |
Total Liab. & Equity |
9,563,749,000 |
|
Total Assets (Previous Year) |
6,539,147,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
14,112,145,000 |
Net Profit |
835,086,000 |
|
Sales(Previous yr) |
10,472,603,000 |
Net Profit(Prev.yr) |
838,100,000 |
MIRA
INFORM REPORT
|
Report Date : |
06.04.2012 |
IDENTIFICATION DETAILS
|
Name : |
ASIAN COLOUR COATED ISPAT LIMITED |
|
|
|
|
Registered
Office : |
403, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi –
110001 |
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|
|
Country : |
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Financials (as
on) : |
31.03.2010 |
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|
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Date of
Incorporation : |
02.02.2005 |
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|
|
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Com. Reg. No.: |
55-132593 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.307.732 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27105DL2005PLC132593 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA15625B |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Galvanised and Pre-Painted Steel Products. |
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|
|
|
No. of Employees
: |
150 ( Office + Factory) (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (64) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 15100000 |
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|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having fine track. The company is
doing well. Trade relations are reported as fair. Business is active.
Payments are reported to be regular and as per commitments. The company can be considered normal for business dealing 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 |
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Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. K. K. Sharma |
|
Designation : |
GM - Marketing |
|
Contact No.: |
91-9717997729 |
LOCATIONS
|
Registered Office : |
403, Nirmal Tower, 26, Barakhamba Road, Connaught Place, New Delhi –
110001, India |
|
Tel No.: |
Not Available |
|
Mobile No.: |
91-9717997729 (Mr. K K Sharma) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
“Accil House” , 26P, Sector – 33, Gurgaon, Haryana, India |
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Tel. No.: |
91-124-4516200 |
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Fax No.: |
91-124-2808050 |
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E-Mail : |
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Factory : |
7 -12, Sector – 6, Bawal, District : Rewari, Haryana, India |
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Tel. No.: |
91-1284-264300/03 |
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Fax No.: |
91-1284-264298 |
DIRECTORS
As 0n 30.09.2010
|
Name : |
Mr. Ram Kumar Aggarwal |
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Designation : |
Director |
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Address : |
1380, Sector 37, Faridabad, Haryana, India |
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Date of Birth/Age : |
23.03.1945 |
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Date of Appointment : |
02.02.2005 |
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DIN No.: |
00013145 |
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Other Directorship :
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|
Name : |
Mr. Pradeep Aggarwal |
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Designation : |
Director |
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Address : |
1380, Sector 37, Faridabad, Haryana, India |
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Date of Birth/Age : |
28.10.1970 |
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Date of Appointment : |
02.02.2005 |
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DIN No.: |
00013159 |
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Other Directorship :
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Name : |
Mr. Vikas Aggarwal |
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Designation : |
Director |
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Address : |
1380, Sector 37, Faridabad, Haryana, India |
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Date of Birth/Age : |
14.05.1972 |
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Date of Appointment : |
02.02.2005 |
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DIN No.: |
00014631 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. K. K. Sharma |
|
Designation : |
GM - Marketing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
Archna Aggarwal |
851600 |
|
Agr Steel Stripes Private Limited, India |
5838400 |
|
BDG Portfoils Private Limited, India |
16666 |
|
Kamlesh Devi Aggarwal |
1293600 |
|
Pradeep Aggarwal |
2145600 |
|
Ram Kumar Aggarwal |
770100 |
|
Sapna Aggarwal |
965000 |
|
Vikas Aggarwal |
1817600 |
|
Aagam Techno Consultants Private Limited, India |
1472500 |
|
Bhagirath Corporate Advisors Private Limited, India |
1790000 |
|
Chiranjiv Commercial Consultants Private Limited, India |
1679500 |
|
Giromani Exim Private Limited, India |
1968500 |
|
Jaiveer Trade Links Private Limited, India |
1563500 |
|
Moksh Logistics Private Limited, India |
1529000 |
|
Shivij Infrastructure and Projects Private Limited, India |
330000 |
|
Ankit Infoweb Private Limited, India |
1709464 |
|
TTJ Impex Private Limited, India |
2430161 |
|
Proactive Telecommunication Private Limited, India |
2750175 |
|
Ujval Networks Private Limited, India |
1734892 |
|
Jeet Collections Private Limited, India |
878000 |
|
Morgan Tradex Private Limited, India |
85000 |
|
Inventive Bio Energy Solution Private Limited, India |
317000 |
|
Total |
33936258 |
As on 31.03.2011
|
Names of Allottees |
No. of Shares |
|
Ankit Infoweb Private Limited, India |
187000 |
|
Giromani Exim Private Limited, India |
50000 |
|
Inventive Bio Energy Solutions Private Limited, India |
150000 |
|
Jaiveer Trade Links Private Limited, India |
50000 |
|
Jeet Collections Private Limited, India |
770500 |
|
Jingle Consultancy Private Limited, India |
150000 |
|
Logas Impex Private Limited, India |
150000 |
|
Moksh Logistics Private Limited, India |
50000 |
|
Proactive Telecommunications Private Limited, India |
702500 |
|
TTJ Impex Private Limited, India |
376000 |
|
Ujval Networks Private Limited, India |
382000 |
|
Total |
3018000 |
Equity Share Break up (Percentage of Total Equity)
As 0n 30.09.2010
|
Category |
Percentage |
|
Bodies corporate |
76.89 |
|
Directors or relatives of Directors |
23.11 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Galvanised and Pre-Painted Steel Products. |
|
|
|
|
Products : |
GENERAL INFORMATION
|
No. of Employees : |
150 ( Office + Factory) (Approximately) |
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Bankers : |
·
Bank of Baroda, Deira Branch, Po Box 5107, Kuwait
Building, Plot No. 45, Bainiyas Road, Dubai UAE, Dubai – 000971, United Arab
Emirates ·
State
Bank of Mysore, 3,4 and 5, DDA Building, Nehru Place, New Delhi – 110001,
India ·
Karnataka
Bank Limited, Sector 14, SCO 14, Gurgaon – 122001, Haryana, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
B. D. Gupta and Associates Chartered Accountants |
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Address : |
217, Dhruv Apartment, I. P. Extension, Patpar Ganj, New Delhi –
110092, India |
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Tel. No.: |
91-11-22724123/ 22732644 |
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PAN.: |
AADFB7892G |
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Associates : |
·
AGR Steel Strips Private Limited ·
Shivji Infrastructure Private Limited ·
Tapasaya Hotel and Resorts Limited |
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|
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Proprietors firm of one of the relative of the Directors : |
·
Metal Trading Company |
CAPITAL STRUCTURE
After 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
36954258 |
Equity Shares |
Rs.10/- each |
Rs. 369.542
Millions |
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30773200 |
Equity Shares |
Rs.10/- each |
Rs. 307.732
Millions |
|
|
|
|
|
As on 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs. 500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital : Rs. 417.274 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 |
307.732 |
271.717 |
181.836 |
|
|
2] Share Application Money |
449.850 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3022.383 |
1863.162 |
1025.040 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3779.965 |
2134.879 |
1206.876 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
5427.996 |
4075.808 |
2145.229 |
|
|
2] Unsecured Loans |
100.000 |
100.000 |
100.000 |
|
|
TOTAL BORROWING |
5527.996 |
4175.808 |
2245.229 |
|
|
DEFERRED TAX LIABILITIES |
63.915 |
52.817 |
33.940 |
|
|
|
|
|
|
|
|
TOTAL |
9371.876 |
6363.504 |
3486.045 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1507.728 |
1556.530 |
1134.736 |
|
|
Capital work-in-progress |
340.353 |
251.214 |
58.194 |
|
|
Advance Against Capital Goods |
1027.857 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
27.498 |
0.510 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
2610.835
|
1849.993 |
1020.240 |
|
|
Sundry Debtors |
3559.404
|
2572.244 |
1155.592 |
|
|
Cash & Bank Balances |
220.582
|
136.148 |
50.177 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
269.165
|
172.134 |
195.656 |
|
Total
Current Assets |
6659.986
|
4730.519 |
2421.665 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
191.873
|
175.643 |
128.970 |
|
|
Net Current Assets |
6468.113
|
4554.876 |
2292.695 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.327 |
0.374 |
0.420 |
|
|
|
|
|
|
|
|
TOTAL |
9371.876 |
6363.504 |
3486.045 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
14112.145 |
10472.603 |
5518.493 |
|
|
|
Other Income |
133.131 |
116.306 |
153.315 |
|
|
|
TOTAL (A) |
14245.276 |
10588.909 |
5671.808 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase in Finished Stock and work in progress |
(362.916) |
(524.282) |
423.521 |
|
|
|
Raw Material Consumption |
10894.094 |
7976.386 |
4257.884 |
|
|
|
Manufacturing Expenses |
1580.839 |
1490.761 |
1005.186 |
|
|
|
Administrative and Selling Expenses |
77.997 |
75.512 |
25.868 |
|
|
|
Personal Expenses |
39.417 |
29.640 |
16.005 |
|
|
|
TOTAL (B) |
12229.431 |
9048.017 |
4881.422 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
2015.845 |
1540.892 |
790.386 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
569.773 |
421.298 |
198.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1446.072 |
1119.594 |
592.226 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
180.091 |
153.114 |
89.383 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1265.981 |
966.480 |
502.843 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
430.895 |
128.380 |
87.806 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
835.086 |
838.100 |
415.037 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1253.961 |
415.861 |
0.824 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2089.047 |
1253.961 |
415.861 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
27.13 |
30.84 |
22.82 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
5.86
|
7.91 |
7.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.97
|
9.22 |
9.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.50
|
15.37 |
14.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.45 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.51
|
2.04 |
1.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
34.71
|
26.93 |
18.77 |
LOCAL AGENCY FURTHER INFORMATION
Note : The registered
address of the company has shifted from 1709/2, Bhagirth Place, Chandni Chowk,
New Delhi – 110006, India to 403, Nirmal Tower, 26, Barakhamba Road, Connuaght Place,
New Delhi – 110001, India w. e. f. 23.07.2009.
FORM 8
|
Corporate identity number of the company |
U27105DL2005PLC132593 |
|
Name of the company |
ASIAN COLOUR COATED ISPAT LIMITED |
|
Address of the registered office or of the
principal place of business in |
403, Nirmal Tower, 26, Barakhamba Road,
Connaught Place, New Delhi – 110001, India Email Id : saurabhfcs@gmail.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the
charge to be modified |
10162302 |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
State Bank of Mysore, 3,4 and 5, DDA Building,
Nehru Place, New Delhi – 110001, India Email id : nehruplace@sbm.co.in |
|
Nature of instrument creating charge |
Revised Memorandum of Entry |
|
Date of instrument Creating the charge |
15.03.2011 |
|
Amount secured by the charge |
Rs.5850.000 Millions |
|
Brief of the principal terms an conditions
and extent and operation of the charge |
Rate
of Interest Not Changed Terms
of repayment Not Changed Margin Not Changed Extent
and operation of the charge State Bank of Mysore 460.000 Millions State Bank of Patiala 1340.000 Millions Karnataka Bank Limited 560.000 Millions State Bank of India 660.000 Millions Indian Overseas Bank 1040.000 Millions Axis Bank Limited 590.000 Millions State Bank of Hyderabad 700.000 Millions Allahabad Bank 200.000 Millions Bank of Baroda 300.000 Millions |
|
Short particulars of the property or
asset(s) charged (including complete address and location of the property) |
All the piece and parcel of property No.
7-12, Sector 6, Industrial Estate, Bawal, Haryana, A Plot measuring 210
Meters North to South and 270 Meters from East to West in all measuring 56700
Sq. mtrs. |
|
Date of instrument modifying the charge |
24.02.2011 |
|
Particulars of the present modification |
There is no change in the total working
capital limits of Rs.5850.000 Millions covered under II charge to working
capital Limits. This correction was made for the limit sanctioned by State
Bank of India and State Bank of Patiala |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machineries
·
Vehicles
·
Furniture and Fixtures
·
Computers
·
Office Equipments
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. 51.04 |
|
|
1 |
Rs. 81.08 |
|
Euro |
1 |
Rs. 67.39 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--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 |
|
64 |
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.