MIRA
INFORM REPORT
|
Report Date : |
09.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
AQUARIUS ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Aquarius House, Plot No. 65, S No. 297,
Sheelavihar Colony, Off Karve Road, Erandavana, Pune-411038,
Maharashtra |
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|
|
Country : |
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|
|
Financials (as
on) : |
31.03.2011 |
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|
|
Date of
Incorporation : |
12.08.1997 |
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|
|
|
Com. Reg. No.: |
11-110008 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.152 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29244MH1997PTC110008 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA02409B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA2748L |
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|
|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Manufacturer, Importer and
Exporters of Concrete Pump, Concrete Batching Plants, Batching Plant, Concrete
Paver and Slip Form Paver. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 380000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well established company having satisfactory track. The
company has recorded a better increase in its sales turnover and
profitability during the year 2011. Trade relations are reported as decent. 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Prasad |
|
Designation : |
Accountant |
|
Contact No.: |
91-20-25445227 |
|
Date : |
02.07.2012 |
LOCATIONS
|
Registered Office : |
Aquarius House, Plot No. 65, S No. 297,
Sheelavihar Colony, Off Karve Road, Erandavana, Pune-411038,
Maharashtra, India |
|
Tel. No.: |
91-20-25445227 |
|
Mobile No.: |
91-9822553384 (Mr. Nitin Vaidya) |
|
Fax No.: |
91-20-25445228 |
|
E-Mail : |
|
|
Website : |
http://www.aquariusconsult.biz http://www.aquriusengineers.biz
|
|
Area : |
3500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
190, 191 Kundaim Industrial Estate, Kundaim, |
|
Tel. No.: |
91-832-2396334 / 2395974 |
|
Fax No.: |
91-832-2396253 |
|
|
|
|
Factory 2 : |
Survey No. 480,481,482 Ambadvet, Taluka, Mulshi, District
Pune, |
|
Tel. No.: |
91-20-32348053 / 25171636 |
|
Fax No.: |
91-20-32348054 / 25171635 |
|
|
|
|
Warehouse : |
|
|
Tel. No.: |
91-20-32664425 |
|
Tele Fax No.: |
91-20-20291251 |
|
E-Mail : |
|
|
|
|
|
Regional Offices : |
Located
at :
|
DIRECTORS
AS ON 28.09.2011
|
Name : |
Mr. Milind S. Bhadbhade |
|
Designation : |
Managing Director |
|
Address : |
7, Anand Baugh Society, Navi Peth, Pune – 411030, |
|
Date of Birth/Age : |
27.01.1955 |
|
Date of Appointment : |
15.09.2004 |
|
DIN No.: |
00254933 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74140PN1995PTC092528 |
AQUARIUS
ENGINEERING CONSULTANCY PRIVATE LIMITED |
Director |
11/09/1995 |
11/09/1995 |
18/09/2010 |
Active |
NO |
|
2 |
U29120GA1998PTC002511 |
PUTZMEISTER
INDIA PRIVATE LIMITED |
Managing
director |
23/01/1998 |
23/01/1998 |
- |
Active |
NO |
|
3 |
U29248GA2000PTC002838 |
SIMEM
INDIA PRIVATE LIMITED |
Managing
director |
24/03/2000 |
24/03/2000 |
- |
Active |
NO |
|
4 |
U45209GA2000PTC002837 |
MEVA
(INDIA) PRIVATE LIMITED |
Managing
director |
24/03/2000 |
24/03/2000 |
- |
Active |
NO |
|
5 |
U29244PN1997PTC110008 |
AQUARIUS
ENGINEERS PRIVATE LIMITED |
Managing
director |
15/09/2004 |
15/09/2004 |
- |
Active |
NO |
|
Name : |
Mr. Ashok V. Dikshit |
|
Designation : |
Director |
|
Address : |
12 Shamali Society, |
|
Date of Birth/Age : |
13.01.1953 |
|
Date of Appointment : |
16.08.1997 |
|
DIN No.: |
00254967 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29244PN1997PTC110008 |
AQUARIUS
ENGINEERS PRIVATE LIMITED |
Director |
16/08/1997 |
16/08/1997 |
- |
Active |
NO |
|
2 |
U29120GA1998PTC002511 |
PUTZMEISTER
INDIA PRIVATE LIMITED |
Director |
23/01/1998 |
23/01/1998 |
- |
Active |
NO |
|
3 |
U29248GA2000PTC002838 |
SIMEM
INDIA PRIVATE LIMITED |
Director |
24/03/2000 |
24/03/2000 |
- |
Active |
NO |
|
4 |
U45209GA2000PTC002837 |
MEVA
(INDIA) PRIVATE LIMITED |
Director |
24/03/2000 |
24/03/2000 |
- |
Active |
NO |
|
5 |
U74140PN1995PTC092528 |
AQUARIUS
ENGINEERING CONSULTANCY PRIVATE LIMITED |
Director |
15/09/2005 |
15/09/2005 |
18/09/2010 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Shridhar S. Kulkarni |
|
Designation : |
Company Secretary |
|
Address : |
C-21/16, Kaivalya, Kothrud, Pune-411029, |
|
|
|
|
Name : |
Mr. Prasad |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2011
|
Names of Equity Shareholders |
No. of Shares |
|
Milind Bhadbhade |
1350000 |
|
Nita M. Bhadbhade |
150000 |
|
Ashok Dikshit |
15000 |
|
TOTAL
|
1515000 |
|
Names of Preference Shareholders |
No. of Shares |
|
Indumati S. Bhadbhade |
10 |
|
Tanvi M Bhadbhade |
10 |
|
Sadashiv T Bhadbhade |
10 |
|
Mona M Bhadbhade |
10 |
|
Mona M Bhadbhade - HUF |
10 |
|
Milind Bhadbhade – HUF |
10 |
|
Ashutosh Bhadbade |
100 |
|
TOTAL
|
160 |
AS ON 28.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporters
of Concrete Pump, Concrete Batching Plants, Batching Plant, Concrete Paver
and Slip Form Paver. |
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Products : |
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Exports : |
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Countries : |
·
Israel ·
Canada |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
Germany ·
Italy |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
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|
|
|
|
Production Quantity |
Nos. |
74 |
GENERAL INFORMATION
|
Customers : |
Retailers |
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No. of Employees : |
250 (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 : |
Shah Khandelwal Jain and Associates Chartered Accountants |
|
Address 1: |
Level 3, Business Bay, Plot No.84, Wellesley Road, Next to RTO,
(Sangam Bridge), Pune-411001, Maharashtra, India |
|
Tel. No.: |
91-20-40186999 |
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Fax No.: |
91-20-40186922 |
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E-Mail : |
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|
Website : |
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Pan No.: |
AACFK3470E |
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|
|
|
Enterprises in which KMP are interested : |
·
Putzmeister India Private Limited ·
Aquarious Engineering Consultancy Private Limited ·
Meva India Private Limited ·
Siemem India Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1950000 |
Equity Shares |
Rs.10/- each |
Rs. 19.500 Millions |
|
50000 |
Preference Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
|
TOTAL |
|
Rs. 20.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1515000 |
Equity Shares |
Rs.10/- each |
Rs. 15.150
Millions |
|
160 |
Preference Shares |
Rs.10/- each |
Rs. 0.002
Million |
|
|
TOTAL |
|
Rs. 15.152 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 |
15.152 |
15.150 |
15.151 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
80.890 |
53.086 |
50.868 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
96.042 |
68.236 |
66.019 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
70.826 |
68.927 |
76.027 |
|
|
2] Unsecured Loans |
12.580 |
16.455 |
6.180 |
|
|
TOTAL BORROWING |
83.406 |
85.382 |
82.207 |
|
|
DEFERRED TAX LIABILITIES |
1.544 |
2.095 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
180.992 |
155.713 |
148.226 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
64.535 |
51.110 |
53.536 |
|
|
Capital work-in-progress |
2.676 |
13.217 |
5.319 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.120 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.492 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
81.672
|
81.848
|
84.903
|
|
|
Sundry Debtors |
100.387
|
44.769
|
42.807
|
|
|
Cash & Bank Balances |
17.963
|
20.311
|
4.491
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
41.591
|
27.269
|
30.726
|
|
Total
Current Assets |
241.613
|
174.197 |
162.927 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
89.790
|
52.166
|
43.054
|
|
|
Other Current Liabilities |
15.952
|
16.462
|
21.516
|
|
|
Provisions |
27.210
|
14.183
|
9.478
|
|
Total
Current Liabilities |
132.952
|
82.811 |
74.048 |
|
|
Net Current Assets |
108.661
|
91.386
|
88.879
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
180.992 |
155.713 |
148.226 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
503.838 |
267.193 |
382.669 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
458.744 |
255.559 |
355.419 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
458.744 |
255.559 |
355.419 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
45.094 |
11.634 |
27.250 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.711 |
3.836 |
4.173 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
40.383 |
7.798 |
23.077 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
12.579 |
5.581 |
8.142 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
27.804 |
2.217 |
14.935 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
34.518 |
9.519 |
0.459 |
|
|
|
Commission Earnings |
0.000 |
2.575 |
0.938 |
|
|
TOTAL EARNINGS |
34.518 |
12.094 |
1.397 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
29.990 |
60.100 |
40.441 |
|
|
TOTAL IMPORTS |
29.990 |
60.100 |
40.441 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
18.35 |
1.46 |
9.86 |
|
Expected Sales (2012-2013) : Rs. 300.000 Millions
The above information has been parted by Mr. Prasad.
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
5.52
|
0.82 |
3.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.19
|
3.46 |
10.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42
|
0.11 |
0.35 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.27
|
2.49 |
2.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.82
|
2.10 |
2.20 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions of the firm |
Yes |
|
4. Premises details |
Yes |
|
5. Type of Business |
Yes |
|
6. Line of Business |
Yes |
|
7. Promoter’s background |
Yes |
|
8. No. of Employees |
Yes |
|
9. Name of person contacted |
Yes |
|
10. Designation of contact person |
Yes |
|
11. Turnover of firm for last three years |
Yes |
|
12. Profitability for last three years |
Yes |
|
13. Reasons for variation <> 20% |
------- |
|
14. Estimation for coming financial year |
Yes |
|
15. Capital in the business |
Yes |
|
16. Details of sister concerns |
Yes |
|
17. Major suppliers |
No |
|
18. Major customers |
No |
|
19. Payments terms |
Yes |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
23. Banking Details |
Yes |
|
24. Banking facility details |
Yes |
|
25. Conduct of the banking account |
------ |
|
26. Buyer visit details |
------ |
|
27. Financials, if provided |
Yes |
|
28. Incorporation details, if applicable |
Yes |
|
29. Last accounts filed at ROC |
Yes |
|
30. Major Shareholders, if available |
Yes |
FINANCIAL
HIGHLIGHTS
The Company recorded turnover of Rs. 503.800 Millions as against Rs.
267.100 Millions during the previous year, which is approximately double of the
last year’s turnover. The profit after tax has also increased to Rs. 27.803
Millions as against Rs. 2.217 Millions during the previous year which is
substantial increase.
During the year, the Batching Plants manufactured by the company
achieved stabilization stage. Overall response of the customers is positive.
There is pressure on price realization of the company’s products due to stiff
competition from local as well as multinational companies. The company is
making maximum possible efforts to control the cost and improve on price
realization.
FORM 8
|
Corporate
identity number of the company |
U29244MH1997PTC110008 |
|
Name of the
company |
AQUARIUS
ENGINEERS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Aquarius House, Plot No. 65, S No. 297, Sheelavihar Colony, Off Karve Road, Erandavana, Pune-411038, Maharashtra, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
90084909 |
|
Type of charge |
Immovable
property Others |
|
Particular of
charge holder |
Bank of India,
Pune Main Branch, No.56, 8A, Dr. Coyaji Road, Camp, Pune – 411001,
Maharashtra, India |
|
Nature of
instrument creating charge |
The company has
pledged TDR(s) cover the Non Fund Base Limits extended by the Bank within the
Overall Limits granted by the Bank. To cover the Overall limits the Oral
Assent of the immovable properties as denoted and as described in the
executed document will remain as the Security for overall limit inclusive of
enhanced limits under Non fund based limits through this execution carried
out between bank and the borrower Company. |
|
Date of
instrument Creating the charge |
13.03.2010 |
|
Amount secured by
the charge |
Rs. 40.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest For Non Fund
Based Facilities inclusive of enhanced facility the Rate of
Commission/interest would be as per Bank's Policy time to time as applicable. Terms of repayment As per Agreed
Terms and conditions. Margin 15% Extent and operation of the charge BOI Pune Main
Branch will have first and exclusive charge against all the present and future
current assets inclusive of book debts stock etc. For the Non Fund Based
facilities the Bank will have lien over the TDR(s) till the repayment of
entire loan repaid against the TDR(s).The Principle securities will be in
continuous force inclusive of this non fund based facilities. The Directors
have set Personal Guarantee for the repayment of entire loan with interest
thereon. Other The Company, by
virtue of the Board Resolution passed on 27.02.2012,has given assent to all
the Terms and Conditions, Covenants, as provided in the Bank’s Sanction
Letter No. PN:ADV:UTM:423 Dt.27.02.2012
have executed the related loan document(s)/ Agreement(s) through the
Director(s),who have received and
signed the documents in physical form and who have been authorized to file
eform-8 for the modifications in the existing limits and in the nature and
scope of the charge on agreed terms. |
|
Short particulars
of the property charged (Including location of the property) |
All the present
and future current assets inclusive of book debts stock etc. First and
exclusive lien over the TDR(s) for non fund facilities extended by the Bank
to the Borrower Company. All the principle
securities as denoted in the Oral Assent Agreement which is in force for the
Overall limit sanctioned by the Bank to the Borrower Company. |
|
Particulars of
the present modification |
By this present
modification, the existing Non fund based facilities has been enhanced from
Rs. 25.000 Millions to Rs.40.000 Millions.(BG (IF) limit has been enhanced from
Rs.20.000 Millions to Rs.30.000 Millions while L/C(IF)-DP/DA-120 days limit
has been enhanced from Rs.5.000 Millions to Rs.10.000 Millions).The Principle
security will be in continuous in force to cover the overall limit. |
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Electrical Installations
- Furniture and Fixture
- Motor Car
- Vehicle
- Computer
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. 55.41 |
|
|
1 |
Rs. 86.04 |
|
Euro |
1 |
Rs. 68.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
5 |
|
--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 |
|
47 |
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.