MIRA
INFORM REPORT
|
Report Date : |
06.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALBA ASIA PRIVATE LIMITED (w.e.f. February 2013) |
|
|
|
|
Formerly Known
As : |
ABG – LDA BULK HANDLING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5th Floor, Bhupati Chambers, 13 Mathew Road, Mumbai –
400004, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
18.11.2008 |
|
|
|
|
Com. Reg. No.: |
11-188282 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.961 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63012MH2008PTC188282 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA4096Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service Provider of Transhipment, Loading and Unloading of Ship
harbour Capes. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 6100000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The financial
for the year 2012 is not available. As per the previous year record the
company has incurred some loss. However, networth of the company seems to be strong. Trade relations
are reported to be fair. Business is active. Payments are reported to be
unknown. 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.
INDIAN ECONOMIC OVERVIEW
We are living in a
world where volatility and uncertainty have become the New Normal. We saw
a change of government in countries like Tunisia, Egypt, Libya and Vietnam.
Once powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve their
business models with the changing time. Readers’ Digest, Thomson Register are
no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and
the US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain fragile.
The Indian economy demonstrated remarkable resilience in the initial years of
the contagion but finally lost ground last year. GDP growth slowed down.
Currency has been weakening. There is a marked deceleration in agriculture,
industry and services. Dampening sentiment led to a cut-back in investment as
well as private consumption expenditure. Inflation remained at high
levels fuelled by the pressure from the food and fuel sectors. The large fiscal
and current account deficit s continued to cause grave concern. It is
imperative that India regains its growth trajectory of 8-9 % sooner than later.
This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Abhishek Vyas |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-66563000 |
|
Date : |
06.08.2013 |
LOCATIONS
|
Registered Office : |
5th Floor, Bhupati Chambers, 13 Mathew Road, Mumbai –
400004, Maharashtra, India |
|
Tel. No.: |
91-22-66563000/66223100 |
|
Mobile No.: |
91-9819993417 (Mr. Roshan Dave – Company Secretary) |
|
Fax No.: |
91-22-23683165 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 11.09.2012
|
Name : |
Mr. Saket Kamleshkumar Agarwal |
|
Designation : |
Director |
|
Address : |
7A/B, Somerset Place, 61 D Bhulabhai Desai Road, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
07.05.1964 |
|
Date of Appointment : |
18.11.2008 |
|
DIN No.: |
00162608 |
|
|
|
|
Name : |
Mr. Babu Rajeev Chandrasekharan |
|
Designation : |
Director |
|
Address : |
A – 1202, Sterling Sea Face Apartments, dr. Annie Besant Road, Worli, Mumbai
– 400018, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1947 |
|
Date of Appointment : |
10.11.2009 |
|
DIN No.: |
02481763 |
|
|
|
|
Name : |
Mr. Ravishankar Gopalan |
|
Designation : |
Director |
|
Address : |
3, Venkateshwaran, 16th Road, Chembur, Mumbai – 400071,
Maharashtra, India |
|
Date of Birth/Age : |
29.02.1964 |
|
Date of Appointment : |
24.06.2011 |
|
DIN No.: |
02559630 |
|
|
|
|
Name : |
Mr. Gildas Patrick Michel Maire |
|
Designation : |
Director |
|
Address : |
4, Rue De Le Montagne 78620, I’Etang la Ville, France |
|
Date of Birth/Age : |
20.02.1965 |
|
Date of Appointment : |
16.09.2009 |
|
DIN No.: |
02729588 |
|
|
|
|
Name : |
Mr. Alain Andre Guilard |
|
Designation : |
Director |
|
Address : |
77, Boulevard Suchet, 75016 Paris, France |
|
Date of Birth/Age : |
12.06.1957 |
|
Date of Appointment : |
16.09.2009 |
|
DIN No.: |
02729663 |
|
|
|
|
Name : |
Mr. Olivier Bruno Noel Jean |
|
Designation : |
Director |
|
Address : |
La Sauvagie, Quai des Yssards Ceyreste, 13600, France |
|
Date of Birth/Age : |
28.02.1964 |
|
Date of Appointment : |
08.12.2010 |
|
DIN No.: |
03304067 |
KEY EXECUTIVES
|
Name : |
Mr. Roshan Bhanuprakash Dave |
|
Designation : |
Secretary |
|
Address : |
C-204, Bhagirath Co-Operative Housing Society Limited, N.L Complex,
Anand Nagar, Dahisar (East), Mumbai – 400068, Maharashtra, India |
|
Date of Birth/Age : |
24.07.1985 |
|
Date of Appointment : |
26.03.2012 |
|
PAN No.: |
ATMPD1701G |
|
|
|
|
Name : |
Mr. Abhishek Vyas |
|
Designation : |
Accounts Department |
|
|
|
|
Name : |
Mr. Gurpreet Singh Malhi |
|
Designation : |
Chief Executive |
|
Qualification: |
Master Mariner, MBA (Finance) |
|
|
|
|
Name : |
Mr. N. Gopala Krishnan |
|
Designation : |
Chief Financial Officer |
|
Qualification: |
B .Com, ACA, FCS |
|
|
|
|
Name : |
Mr. Jean Michel Pap |
|
Designation : |
Operations Manager |
|
Qualification: |
First Class Captain Merchant Marine |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 11.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
ABG Parts Limited, India |
|
99990 |
|
C Babu Rajeev |
|
10 |
|
Louis Dreyfus Armateurs S.A.S, France |
|
96078 |
|
|
|
|
|
Total |
|
196078 |
As on 06.05.2013
|
Names of Allottees |
|
No. of Shares |
|
ABG Ports Limited, India |
|
12495 |
|
Louis Deryfus Apartment SAS, France |
|
12005 |
|
|
|
|
|
Total |
|
24500 |
Equity Share Break up (Percentage of Total Equity)
As on 11.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
49.00 |
|
Bodies corporate |
51.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider of Transhipment, Loading and Unloading of Ship
harbour Capes. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||
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|||||||||||||||
|
No. of Employees : |
40 (Approximately) |
|||||||||||||||
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|
|||||||||||||||
|
Bankers : |
·
Axis Bank, Fort, Mumbai – 400001, Maharashtra,
India Tel No.: 91-22-66107336 ·
Axis Bank Trishul 3rd Floor Opposite
Samartheshwar Temple, Law Garden Ellisbridge, Ahmedabad - 380006, Gujarat,
India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors 1 : |
|
|
Name : |
KPMG Chartered Accountant |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Auditors 2 : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
16th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West), Mumbai - 400028, Maharashtra, India |
|
PAN No.: |
AALFS0506L |
|
|
|
|
Ultimate Holding
Company : |
ABG Infralogistics Limited |
|
|
|
|
Holding Company : |
ABG Ports Private Limited |
|
|
|
|
Subsidiary
Companies : |
· ABG Haldia Bulk Terminals Private Limited CIN No.: U29253MH2009PTC192574 · Tuticorin Coal Terminal Private Limited CIN No.: U61200MH2010PTC206696 · ABG-LDA Marine Private Limited CIN No.: U74990MH2010PTC199707 |
|
|
|
|
Associate Companies
: |
· Louis Dreyfus Armateurs S.A.S. · ABG Project and Services Limited · ABG Kolkata Container Terminal Private Limited · ABG Kandla Container Terminal Limited · ABG Container Handling Private Limited · ABG Coastal Private Limited · West Quay Multiport Private Limited CIN No.: U74900MH2010PTC204755 |
CAPITAL STRUCTURE
After: 11.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
220578 |
Equity Shares |
Rs.10/- each |
Rs.2.206 Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
196078 |
Equity Shares |
Rs.10/- each |
Rs.1.961 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 |
1.961 |
1.961 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1523.821 |
1540.102 |
0.014 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1525.782 |
1542.063 |
0.114 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
505.800 |
552.250 |
0.000 |
|
|
2] Unsecured Loans |
90.024 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
595.824 |
552.250 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
37.723 |
10.798 |
0.051 |
|
|
|
|
|
|
|
|
TOTAL |
2159.329 |
2105.111 |
0.165 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
692.013 |
739.245 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
387.439 |
387.316 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.157
|
0.000 |
0.000 |
|
|
Sundry Debtors |
20.810
|
22.788 |
0.222 |
|
|
Cash & Bank Balances |
633.534
|
926.402 |
0.041 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
459.342
|
40.942 |
0.038 |
|
Total
Current Assets |
1127.843
|
990.132 |
0.301 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.789
|
2.683 |
0.086 |
|
|
Other Current Liabilities |
43.674
|
6.501 |
0.000 |
|
|
Provisions |
1.503
|
2.398 |
0.050 |
|
Total
Current Liabilities |
47.966
|
11.582 |
0.136 |
|
|
Net Current Assets |
1079.877
|
978.550 |
0.165 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2159.329 |
2105.111 |
0.165 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
289.871 |
235.365 |
0.250 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
132.637 |
85.103 |
0.186 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
157.234 |
150.262 |
0.064 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
68.227 |
45.790 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
89.007 |
104.472 |
0.064 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
60.392 |
40.936 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
Prior
Period Item |
15.042 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
13.573 |
63.536 |
0.064 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
29.855 |
21.586 |
0.050 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(16.282) |
41.950 |
0.014 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
41.964 |
0.014 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
25.682 |
41.964 |
0.014 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores and spare parts |
12.262 |
3.784 |
NA |
|
|
TOTAL IMPORTS |
12.262 |
3.784 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(83.04) |
303.53 |
1.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(5.62) |
17.82 |
5.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.75 |
3.67 |
21.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.04 |
0.56 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.39 |
0.36 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
23.51 |
85.49 |
2.21 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS – NOT AVAILABLE
|
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 |
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 |
No |
|
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 (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 |
No |
|
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 |
Yes |
OPERATIONS
During the year, the company has achieved gross receipts of Rs. 289.871 Millions as compared to Rs. 235.365 Millions in the previous financial year 2009-2010. The Company has incurred a net loss after tax of Rs. 16.282 Millions as compared to profit Rs. 41.950 Millions in the previous financial year 2009-2010.
UNSECURED LOAN
(Rs. In Millions)
|
Particular |
As on 31.03.2011 |
As on 31.03.2010 |
|
Other debt unsecured |
90.024 |
0.000 |
|
|
|
|
|
Total |
90.024 |
0.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10180172 |
21/11/2012 * |
780,000,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR
TEMPLE, LAW G |
B64162902 |
Note: * Date of
charge modification
FIXED ASSETS
· Plant and Machinery
· Office Equipments
· Computer Equipments
· Furniture and Fixtures
· Vehicles
· Leasehold Improvements
· Goodwill
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.60.82 |
|
|
1 |
Rs.92.97 |
|
Euro |
1 |
Rs.80.73 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT/ VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.