MIRA INFORM REPORT
|
Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASPRI SPIRITS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
601, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai-400050,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.08.2004 |
|
|
|
|
Com. Reg. No.: |
11-148284 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.851
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15500MH2004PTC148284 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA25153C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA8483E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Alcoholic Beverage. |
|
|
|
|
No. of Employees
: |
35 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 170000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company appears to be low. The external borrowing seems
to be huge. 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 dealings 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 : |
601, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai-400050,
Maharashtra, India |
|
Tel. No.: |
91-22-26056366/ 26401995 / 22061232/42505100 |
|
Fax No.: |
91-22-26401997 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Admin / Head Office : |
301, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai-400050,
Maharashtra, India |
|
Tel. No.: |
91-22-26056366/ 26401995 / 22061232/42505100 |
|
Fax No.: |
91-22-26401997 |
|
|
|
|
Branch Office : |
DELHI T-11,
Okhla Industrial Area, Phase II, New Delhi-110020, India Tel.: 91-11-41633982, Fax.:
91-11-41631713 Email: delhi@aspri.org BANGALORE 25/2, 1st Floor, P Kalinga Rao Road, Mission Road, Inside Shamrao Compound,
Bangalore-560027, Karnataka, India Tel: 91-80-41266569,
Email: bangalore@aspri.org |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Gautam Nandkishore Matai |
|
Designation : |
Director |
|
Address : |
602, Morya CHS, Varsova Link Road, Andheri (West), Mumbai-400053,
Maharashtra, India |
|
Date of Birth/Age : |
05.09.1973 |
|
Date of Appointment : |
24.03.2011 |
|
DIN No.: |
01784232 |
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 |
U51900MH2006PTC159525 |
VINSPRI
DISTRIBUTORS PRIVATE LIMITED |
Director |
06/02/2007 |
06/02/2007 |
24/03/2011 |
Active |
NO |
|||||||||||||
|
2 |
U15500MH2004PTC148284 |
ASPRI
SPIRITS PRIVATE LIMITED |
Director |
24/03/2011 |
24/03/2011 |
- |
Active |
NO |
|||||||||||||
|
Name : |
Mrs. Vrutika Jaikishan Matai |
|
Designation : |
Director |
|
Address : |
11, Smokey Hill, 44 Pali Mala Road, Bandra (West), Mumbai-400050,
Maharashtra, India |
|
Date of Birth/Age : |
17.03.1971 |
|
Date of Appointment : |
24.02.2003 |
|
DIN No.: |
01788325 |
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 |
Company/
LLP Status |
Defaulting
status |
|
1 |
U15500MH2004PTC148284 |
ASPRI
SPIRITS PRIVATE LIMITED |
Director |
30/08/2004 |
30/08/2004 |
Active |
NO |
|
2 |
U51900MH2006PTC159525 |
VINSPRI
DISTRIBUTORS PRIVATE LIMITED |
Director |
06/02/2006 |
06/02/2006 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Vrutika Jaikishan Matai |
10000 |
|
Sunrise Petroleum Services, India |
25000 |
|
Jacki Matai |
62998 |
|
Jacki Matai (HUF) |
58501 |
|
Duru Matai |
8500 |
|
Jyoti Matai |
1 |
|
Gautam Nandkishore Matai |
37125 |
|
Vijay Narag |
54249 |
|
Nand Matai |
37124 |
|
Pavan Narang |
20001 |
|
Prashant Matai |
1 |
|
Arunkumar |
16500 |
|
Bhagyashri P. Tahllzani |
1 |
|
Whiteline Impex Private Limited, India |
18350 |
|
Emerald Electronics Private Limited, India |
36700 |
|
TOTAL
|
385051 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Alcoholic Beverage. |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
35 [Approximately] |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
3I Infotech Trusteeship Services Limited, 3rd to 6th
Floor, International Infotech Park, Tower No. 5, Vashi Railway Station Complex,
Vashi, Navi Mumbai-400703, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Kalian Jain and Company Chartered Accountants |
|
Address : |
108, AS Dias Buil, 268/272, Dr. CH. Street, Marine Lines,
Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-22061232 / 22001972 |
|
Fax No.: |
91-22-22092614 |
|
E-Mail : |
|
|
PAN No.: |
AABPJ3941N |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000 Millions |
|
50000 |
Preference Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
TOTAL |
|
Rs. 9.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
385051 |
Equity Shares |
Rs.10/- each |
Rs. 3.851
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.851 |
3.667 |
3.300 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
39.121 |
29.253 |
11.874 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
42.972 |
32.920 |
15.174 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
36.719 |
36.110 |
31.796 |
|
|
2] Unsecured Loans |
66.546 |
54.563 |
18.977 |
|
|
TOTAL BORROWING |
103.265 |
90.673 |
50.773 |
|
|
DEFERRED TAX LIABILITIES |
0.024 |
0.000 |
0.038 |
|
|
|
|
|
|
|
|
TOTAL |
146.261 |
123.593 |
65.985 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
5.428 |
6.362 |
5.078 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.023 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
71.871
|
53.690
|
36.068
|
|
|
Sundry Debtors |
70.491
|
61.643
|
24.364
|
|
|
Cash & Bank Balances |
1.811
|
1.941
|
3.000
|
|
|
Other Current Assets |
0.024
|
0.116
|
0.000
|
|
|
Loans & Advances |
50.989
|
41.788
|
4.484
|
|
Total
Current Assets |
195.186
|
159.178 |
67.916 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
37.127
|
21.130
|
1.625
|
|
|
Other Current Liabilities |
10.150
|
11.148
|
0.000
|
|
|
Provisions |
7.076
|
9.692
|
6.000
|
|
Total
Current Liabilities |
54.353
|
41.970 |
7.625 |
|
|
Net Current Assets |
140.833
|
117.208
|
60.291
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.616 |
|
|
|
|
|
|
|
|
TOTAL |
146.261 |
123.593 |
65.985 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
305.016 |
241.695 |
245.075 |
|
|
|
Other Income |
6.736 |
2.364 |
0.086 |
|
|
|
TOTAL |
311.752 |
244.059 |
245.161 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
308.188 |
240.292 |
240.522 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
308.188 |
240.292 |
240.522 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
3.564 |
3.767 |
4.639 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.128 |
1.251 |
1.504 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
2.436 |
2.516 |
3.135 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.33 |
6.86 |
9.50 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.78
|
1.03 |
1.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.17
|
1.56 |
1.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78
|
2.28 |
6.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.11 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.40
|
2.75 |
3.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.59
|
3.79 |
8.91 |
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 |
Yes |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
LONG TERM BORROWINGS |
|
|
|
BANDRA |
|
|
|
Bhagyashree Tahillani |
1.400 |
|
|
Gautam Matai |
0.724 |
|
|
Emerald Electronic Private Limited |
24.000 |
|
|
Express Polyplast Private Limited |
0.280 |
|
|
Nand Matai (HUF) |
0.362 |
|
|
Pavan Narang |
2.462 |
|
|
Payal Narang |
2.124 |
|
|
Prashant Matai |
0.155 |
|
|
Whiteline Impex Private Limited |
19.000 |
|
|
Duru Matai |
1.964 |
|
|
Jackie Matai Huf |
0.088 |
|
|
Jackie Sham Matai |
5.000 |
|
|
Vijay Narang |
2.363 |
|
|
Vrutika Matai |
6.254 |
|
|
Jyoti Matai |
0.362 |
|
|
DELHI |
|
|
|
Arun Kumar |
0.008 |
|
|
|
|
|
|
TOTAL |
66.546 |
54.563 |
NOTE
The registered office of the company has been shifted from 301, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai-400050, Maharashtra, India to the present address w.e.f. 15.06.2012.
OPERATION
The turnover of the
company increased by 21% during the year in comparison of previous year.
Directors expect further improvement in the turnover during the current year.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10195748 |
|
Corporate
identity number of the company |
U15500MH2004PTC148284 |
|
Name of the
company |
ASPRI SPIRITS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
301, Lavlesh Court, Pandit Varde Road, Bandra (West), Mumbai-400050,
Maharashtra, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] |
|
Particular of
charge holder |
|
|
Nature of description
of the instrument creating or modifying the charge |
Supplementary
Agreement to Hypothecation Agreement of Goods and Debts |
|
Date of
instrument Creating the charge |
02.01.2012 |
|
Amount secured by
the charge |
Rs.40.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate+ 6% per
annum with monthly rests or such other rate as may be revised by the Bank
from time to time Terms of
Repayment On Demand Margin As per sanction
terms Extent and
Operation of the charge To secure various facilities aggregating to
Rs.40.000 Millions granted by the bank to the Company as under :- 1. Cash Credit
(Hypothecation) Rs.30.000 Millions 2. Letter of
Guarantee Rs.10.000 Millions Total Rs.40.000
Millions |
|
Short particulars
of the property charged |
That the
Hypothecated Goods, Book-Debts and Movable Property covered by the Principal
Hypothecation Agreement shall continue to be a security for the Bank for the
enhanced Credit Facilities (cont) aggregating to
Rs.40.000 Millions granted by the Bank to the Company |
|
Particulars of
the present modification |
The Original
Charge Dated: 19/12/2009 for Rs.30.000 Millions is hereby modified and
enhanced to Rs.40.000 Millions and That the
Hypothecated Goods, Book-Debts and Movable Property covered by the Principal
Hypothecation Agreement shall continue to be a security for the Bank for the
enhanced credit facilities of Rs.40.000 Millions granted by the Bank to the
Company |
FIXED ASSETS
- Air
conditioner
- Aqua Guard
Machine
- Coffee / Tea
Maker
- Computer
- EPABX Systems
- Eclectic
Kettle
- Furniture and
Fixture
- Inverter
- Laptop A/c
- Motor Bike
- Mobile Phone
- Motor Car
- Office
equipment
- Printers
- Fire
Extinguisher
- Refrigerator
- UPS
Stabilizer
- Water Cooler
- Vacuum
Cleaner
- Cycle
- Voltage
Stabilizer
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. 54.64 |
|
|
1 |
Rs. 82.41 |
|
Euro |
1 |
Rs. 70.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.