1. Summary Information
|
|
|
Country |
India |
|
Company Name |
ATCO INTERIORS
PRIVATE LIMITED |
Principal Name 1 |
Mr. Mehul Narendra Mehta |
|
Status |
Moderate |
Principal Name 2 |
Mr. Rajeshree Keval Mehta |
|
|
|
Registration # |
11-196933 |
|
Street Address |
5, M. Mishra Building, Nagardas X
Lane, Near Subway Andheri (East), Mumbai - 400069, Maharashtra, India |
||
|
Established Date |
09.11.2009 |
SIC Code |
-- |
|
Telephone# |
91-22-32174229 / 28203960 / 28203990 |
Business Style 1 |
Importer |
|
Fax # |
91-22-28385721 |
Business Style 2 |
Supplier |
|
Homepage |
Product Name 1 |
WPC and Deck Floorings |
|
|
# of employees |
Not Available |
Product Name 2 |
PVC Floorings |
|
Paid up capital |
Rs.100,000/- |
Product Name 3 |
Artificial Grass |
|
Shareholders |
Directors or
relatives of Directors – 100.00% |
Banking |
State
Bank of India |
|
Public Limited Corp. |
No |
Business Period |
3 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (27) |
|
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 |
7,225,000 |
Current Liabilities |
4,471,000 |
|
Inventories |
12,576,000 |
Long-term Liabilities |
15,708,000 |
|
Fixed Assets |
1,329,000 |
Other Liabilities |
541,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
20,720,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
310,000 |
|
|
|
Net Worth |
410,000 |
|
Total Assets |
21,130,000 |
Total Liab. &
Equity |
21,130,000 |
|
Total Assets (Previous Year) |
123,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales / Gross
Receipt of Business or Profession |
18,311,000 |
Net Profit |
310,000 |
|
Sales(Previous yr) |
0,000 |
Net Profit(Prev.yr) |
0,000 |
MIRA
INFORM REPORT
|
Report Date : |
16.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
ATCO INTERIORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5, M. Mishra Building, Nagardas
X Lane, Near Subway Andheri (East), Mumbai -
400069, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
09.11.2009 |
|
|
|
|
Com. Reg. No.: |
11-196933 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51430MH2009PTC196933 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA36368D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Supplier of WPC and Deck Floorings, PVC Floorings and Artificial Grass |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1600 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new established company having moderate track
record. Profitability of the company appears to be low. However, trade relations
are reported to be fair. Business is active. Payments are reported to be slow
but correct. The company can be considered for business dealing with some caution. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office / Showroom : |
5, M. Mishra Building, Nagardas
X Lane, Near Subway Andheri (East), Mumbai -
400069, Maharashtra, India |
|
Tel. No.: |
91-22-32174229 / 28203960 / 28203990 |
|
Fax No.: |
91-22-28385721 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Administration
Office : |
25, New Apollo Estate, Nagardas X lane Near Hanuman Hotel, Andheri (East), Mumbai – 400069 Maharashtra, India |
|
Tel. No.: |
91-22-28203960 / 28224229 / 32164229 |
|
Fax No.: |
91-22-28385721 |
DIRECTORS
As on 26.09.2011
|
Name : |
Mr. Mehul Narendra
Mehta |
|
Designation : |
Director |
|
Address : |
New Chandan Avenue Row House
No.2, Mira Bhayander Road, Mira Road (East), Thane,
401107, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1976 |
|
Date of Appointment : |
13.11.2009 |
|
DIN No.: |
02757704 |
|
|
|
|
Name : |
Mr. Rajeshree Keval
Mehta |
|
Designation : |
Director |
|
Address : |
New Chandan Avenue Row House
No.2, Mira Bhayander Road, Mira Road (East), Thane,
401107, Maharashtra, India |
|
Date of Birth/Age : |
05.13.1972 |
|
Date of Appointment : |
08.02.2010 |
|
DIN No.: |
02956198 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Keval Narendra Mehta |
|
5000 |
|
Narendra Prabhudas Mehta |
|
5000 |
|
Total |
|
10000 |
As on 26.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer and Supplier of WPC and Deck Floorings, PVC
Floorings and Artificial Grass |
|
|
|
|
Products : |
·
Vinyl flooring ·
Sports Flooring ·
Hardwood Flooring ·
Wallpapers ·
Rubber Flooring ·
Laminate Flooring ·
Carpets ·
Magic Grass ·
Acrylic Solid Surface |
GENERAL INFORMATION
|
Customers : |
·
Reliance Industries Limited ·
Larsen and Toubro
Limited ·
Larsen and Toubro Infotech Limited ·
Godrej and Boyce Mfg.
Company Limited ·
Hindustan Lever Limited ·
Reliance Infocom
Limited ·
Terene Fibres India Limited (Reliance) ·
Procter and Gamble Home Products Limited ·
Raymonds Limited ·
Hughes Telecom Limited ·
Universal Capsules Limited ·
B.E. Billimoria Limited ·
VIP Industries Limited ·
Bharti Airtel Limited ·
Big Bazar ·
Shopper’s Stop ·
Johnson and Johnson ·
B.A.R.C. (Bhabha Atomic
Research Centre) ·
Siyaram Mills ·
Citi Centre ·
Sahara India ·
NOCIL-Reliance Industries Limited ·
Godrej Agro Limited ·
BCCI ·
S.Kumar Nationwide
Limited ·
B.P Ergo Limited ·
M.T.N.L. (Mahanagar
Telephone Nigam Limited) ·
Chemtrol Engineers
Limited |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited · Punjab National Bank · Union Bank of India · Corporation Bank · Development Credit Bank · Canara Bank ·
State Bank of India, Specialised
S.I.B. Branch, Hotel Airways Building, Ground Floor, L.B.S. Marg, Ghatkopar (West), Mumbai
- 400086, Maharashtra, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
MNRD and Associates Chartered Accountants |
|
Address : |
Block No 2, 3rd Floor, Abbas Manzil, Sahar Road Andheri (East), Mumbai – 400099, Maharashtra, India |
|
Tel. No.: |
91-22-42369555 (10 Line) / 42369563 |
|
Fax No.: |
91-22-42369563 |
|
Website : |
|
|
PAN.: |
AANFM0177B |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
0.100 |
0.100 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.310 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
0.410 |
0.100 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
14.617 |
0.000 |
|
|
2] Unsecured Loans |
|
1.091 |
0.000 |
|
|
TOTAL BORROWING |
|
15.708 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
0.030 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
16.148 |
0.100 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.329 |
0.000 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
12.576 |
0.000 |
|
|
Sundry Debtors |
|
1.583 |
0.000 |
|
|
Cash & Bank Balances |
|
0.583 |
0.100 |
|
|
Other Current Assets |
|
5.059 |
0.000 |
|
|
Loans & Advances |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
19.801 |
0.100 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
3.985 |
0.000 |
|
|
Other Current Liabilities |
|
0.486 |
0.000 |
|
|
Provisions |
|
0.511 |
0.023 |
|
Total
Current Liabilities |
|
4.982 |
0.023 |
|
|
Net Current Assets |
|
14.819 |
0.077 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.023 |
|
|
|
|
|
|
|
|
TOTAL |
|
16.148 |
0.100 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales / Gross Receipt of Business or Profession |
|
18.311 |
0.000 |
|
|
|
Other Income |
|
NA |
0.000 |
|
|
|
TOTAL |
|
NA |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
NA |
0.000 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
NA |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.473 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.003 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.470 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.160 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.310 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
31.03 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
2.22 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
1.15 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
50.46 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
3.97 |
4.35 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
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 |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
|
|
|
|
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51430MH2009PTC196933 |
|
Name of the
company |
ATCO INTERIORS
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
5, M. Mishra Building, Nagardas
X Lane, Near Subway Andheri (East), Mumbai -
400069, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Immovable property · Book debts · Movable property (not being pledge) ·
Others (Plant and machinery) |
|
Particular of
charge holder |
State Bank of India, Specialised S.I.B. Branch, Hotel Airways Building, Ground Floor, L.B.S. Marg, Ghatkopar (West), Mumbai - 400086, Maharashtra, India |
|
Nature of
instrument creating charge |
Agreement of loan
cum hypothecation. Memorandum for
recording creation of mortgage by deposit of title deeds. |
|
Date of
instrument Creating the charge |
23.08.2010 |
|
Amount secured by
the charge |
Rs.25.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Interest at 4.00%
above State Bank Base Rate current effective rate 11.50% p.a. Terms of Repayment Demand for Bank. Margin FG - 10%,
Receivables (Cover 90 days) - 10%, Letter of Credit - 15%, Against Mortgage
property - 35%. Extent and Operation of the charge Security to cover
principal amount together with interest, costs, charges and expenses etc. Others Working Capital -
Rs.15.000 Millions, LC (Sight/ Usance) - Rs.10.000
Millions, Total - Rs. 25.000 Millions. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
stocks and book debts and machinery. All present and
future Stocks, Raw Materials, goods, Book Debts, and Vehicles, and all
movable assets of the Borrower(s) including receivables, documents of title
to goods, outstanding monies, bills, invoices documents, contracts, insurance
policies, guarantees, engagements, securities, investments and rights and the
present machinery and all the future machinery belonging to or in possession
or control of the Borrower(s) or of the Bank or of any third party whether in
India or elsewhere including all such goods, vehicles and other movable
assets as may be in the course of shipment, transit or delivery and all the
machinery, vehicles, and other equipment items of whatever nature acquired by
the Borrower(s) pursuant or subsequent to these presents hereby agreed to be
furnished in Form SME 2A (hereinafter collectively referred to as "the
said assets") shall stand hypothecated to the Bank by way of first
charge as security for the due repayment and discharge by the Borrower(s)
under or in respect of the said facilities and whether for principal,
interest, service charges, commitment charges, commission, discount or for
costs, charges and expenses or all the monies payable hereunder or in respect
of any liability undertaken by the bank for the Borrower(s). Survey No. 75, Hissa No. 3, Total area - 5,600 sqm.,
North - Survey No. 72, South - Survey No. 75, East - Survey No. 75, West -
Survey No. 75, Bounded - Hissa No. 3, situated at
Village Patembali, Taluka
Palghar, District Thane, Maharashtra
- Registration No. 4713 dated 22.10.07 Name of parties - M/s. Atco Window System Private Limited |
|
|
|
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 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 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.53.12 |
|
|
1 |
Rs.85.15 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
27 |
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.