|
Report Date : |
19.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
AADITYA CERAMICS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
AADITYA AUTO SALES PRIVATE LIMTED |
|
|
|
|
Registered
Office : |
103, Great Easter Retreat
Co-Operative Housing Society Limited, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.06.2003 |
|
|
|
|
Com. Reg. No.: |
11-018045 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.000 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U50101PN2003PTC018045 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA06926D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA9044M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Fire Bricks and Refractory Materials. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 294024 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. External borrowing
of the company appears to be increasing over a year. However,
profitability of the company appears to be fair. Trade relations
are reported as fair. Business is active. Payments terms are slow but
correct. The company can be
considered 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 – June 30, 2012
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic product.
High imports of gold and oil led to a worsening of the traqde deficit,
resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9
billion in the corresponding quarter of the previous financial year. The
government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from
4.8 % or $ 88.2 billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been named
the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SE 3B |
|
Rating Explanation |
Moderate financial strength and moderate
performance capability. |
|
Date |
29-12-2012 |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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
|
Name : |
Mr. Mihir Ashok Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9822050501 |
|
Date : |
30.11.2013 |
LOCATIONS
|
Registered Office : |
103, Great Easter
Retreat Co-Operative Housing Society Limited, |
|
Tel. No.: |
91-20-25533561 |
|
Mobile No.: |
91-982205050 (Mr. Mihir Shah) |
|
Fax No.: |
91-22-25534606 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Corporate office : |
102, Anant Chambers, 710, |
|
Tel. No.: |
91-20-25533561 |
|
Fax No.: |
91-20-25534606 |
|
E-Mail : |
|
|
|
|
|
Factory : |
|
|
Tel. No.: |
91-2828-293482 |
|
E-Mail : |
|
|
Area : |
3 Acres |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at: v
Sri Rampur |
|
|
|
|
Overseas /Sales Office : |
Aaditya Ceramics
Inc. |
|
Tel. No.: |
001-416-391-4323 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ashok Padamshi Shah |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Vivekanand Housing Society, Ward No.1, Srirampur, Ahmednagar – 413
709, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
08.08.1947 |
||||||||||||||||||||||||
|
Qualification : |
B .E Mechanical |
||||||||||||||||||||||||
|
Date of Appointment : |
18.06.2003 |
||||||||||||||||||||||||
|
01369820 |
|||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Bharati Ashok Shah |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
11, Vivekanand Housing Society, Near R.S.M.B Col., Ward No.1,
Srirampur, Ahmednagar – 413 709, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
23.02.1949 |
||||||||||||||||||||||||
|
Date of Appointment : |
18.06.2003 |
||||||||||||||||||||||||
|
DIN No.: |
01369895 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Mihir Ashok Shah |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Vivekanand Housing Society, Ward No.1, Srirampur, Ahmednagar – 413
709, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
08.02.1974 |
||||||||||||||||||||||||
|
Qualification : |
BE Civil |
||||||||||||||||||||||||
|
Date of Appointment : |
18.06.2003 |
||||||||||||||||||||||||
|
DIN No.: |
01369929 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mrs. Ratna Ankur Shah |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
H. No.1, Vivekanand Housing Society, Near |
||||||||||||||||||||||||
|
Date of Birth/Age : |
14.01.1977 |
||||||||||||||||||||||||
|
Date of Appointment : |
18.06.2003 |
||||||||||||||||||||||||
|
DIN No.: |
01370002 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Name : |
Mr. Ankur Ashok Shah |
||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||
|
Address : |
Swami Vivekanand Housing Society, Shrirampur, Ahmednagar – 413 907, |
||||||||||||||||||||||||
|
Date of Birth/Age : |
05.03.1978 |
||||||||||||||||||||||||
|
Qualification : |
BE Mechanical |
||||||||||||||||||||||||
|
Date of Appointment : |
18.06.2003 |
||||||||||||||||||||||||
|
DIN No.: |
01370016 |
||||||||||||||||||||||||
|
Other Directorship :
|
|||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ashok Padamshi Shah |
|
13950 |
|
Bhartiben Ashok Shah |
|
13950 |
|
Mihir Ashok Shah |
|
13950 |
|
Hetal Mihir Shah |
|
13950 |
|
Ameet Ashok Shah |
|
6250 |
|
Sonal Ameet Shah |
|
10000 |
|
Ankur Ashok Shah |
|
14000 |
|
Ratna Ankur Shah |
|
13950 |
|
Total |
|
100000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Fire Bricks and Refractory Materials. |
|
|
|
|
Products : |
v
Boiler Bricks for Chemical Plants v
Burner Blocks v
Hanger Bricks for Steel Rolling Mils v Heating Element Bricks for Electric furnaces |
|
|
|
|
Exports : |
|
|
Products : |
Fire Bricks and Refractory Materials |
|
Countries : |
v
v
v
v
UAE v
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India |
|||||||||||||||||||||||||||
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|
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|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B.S. Mart and Associates Chartered Accountants |
|
Address : |
1909/2, Ram Dhwaj Commercial Complex, 732/B, 1st |
|
Income-tax
PAN of auditor or auditor's firm : |
AAFFP2146R |
|
|
|
|
Parent Company : |
Sai Ceramic Engineers Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100,000 |
Equity Shares |
Rs.10/- each |
Rs.1.000 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.000 |
1.000 |
1.000 |
|
(b) Reserves & Surplus |
11.086 |
10.466 |
7.796 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
12.086 |
11.466 |
8.796 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
33.283 |
18.249 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
14.160 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
33.283 |
18.249 |
14.160 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
11.198 |
6.001 |
5.803 |
|
(b) Trade payables |
10.143 |
6.857 |
3.933 |
|
(c) Other current
liabilities |
6.609 |
7.629 |
5.968 |
|
(d) Short-term provisions |
0.187 |
0.069 |
0.483 |
|
Total Current Liabilities (4) |
28.137 |
20.556 |
16.187 |
|
|
|
|
|
|
TOTAL |
73.506 |
50.271 |
39.143 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
25.980 |
28.667 |
18.694 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
15.708 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.258 |
0.261 |
0.258 |
|
Total Non-Current Assets |
41.946 |
28.928 |
18.952 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
15.610 |
8.661 |
8.602 |
|
(c) Trade receivables |
13.778 |
11.127 |
10.591 |
|
(d) Cash and cash
equivalents |
0.713 |
0.233 |
0.436 |
|
(e) Short-term loans and
advances |
1.034 |
1.322 |
0.562 |
|
(f) Other current assets |
0.425 |
0.000 |
0.000 |
|
Total Current Assets |
31.560 |
21.343 |
20.191 |
|
|
|
|
|
|
TOTAL |
73.506 |
50.271 |
39.143 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
47.966 |
46.323 |
47.651 |
|
|
|
Other Income |
0.951 |
0.571 |
0.166 |
|
|
|
TOTAL |
48.917 |
46.894 |
47.817 |
|
|
|
|
|
|
|
|
|
TOTAL EXPENDITURE |
48.104 |
43.909 |
45.131 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/ AMORTISATION |
3.831 |
3.067 |
1.962 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.620 |
2.669 |
1.927 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.26
|
5.69 |
4.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.60
|
0.48 |
0.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12
|
1.03 |
1.24 |
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
---------------------- |
|
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% |
No |
|
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) |
Yes |
|
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 |
No |
|
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 |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U50101PN2003PTC018045 |
|
Name of the
company |
AADITYA CERAMICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
103, Great Easter
Retreat Co-Operative Housing Society Limited, Lakaki Road, Model Colony, Pune
– 411 016, Maharashtra, India |
|
This form is for |
Modification
of charge |
|
Charge
identification (ID) number of the charge to be modified |
10215725 |
|
Type of charge |
Immovable
property |
|
Particular of
charge holder |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Parel (West), Mumbai – 400
013, Maharashtra, India |
|
Nature of
instrument creating charge |
Memorandum
Recording Past Transactions of Creation of Mortgage by Delivery of Title
Deeds. |
|
Date of
instrument Creating the charge |
09.10.2012 |
|
Amount secured by
the charge |
Rs. 19.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate as may be communicated by the Bank from time to time. Terms of
Repayment Working Capital
facility shall be payable on Demand Term Loan
facility shall be repayable in suitable installments. Margin As may be
stipulated by the Bank from time to time Extent and
Operation of the charge The Company
accorded & gave oral consent to Bank to continue to hold and retain the
title deeds (by way of Constructive delivery) in respect of its immovable
properties as stated under Item No.15 below, as security for repayment of
Rs.19.500 Millions by the Company, together with principal, interest, liquidated
damages, costs, charges & expenses. Others NIL. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Immovable Property
situated at Revenue Survey No. 79/2, of Village Lalpar, On Chotila- Wankaner
N.H. 8A, Taluka Wankaner, Dist. Rajkot admeasuring area 10847.081 Sq Mtrs. |
|
Date of
instrument modifying the charge |
21.04.2011 |
|
Particulars of
the present modification |
The charge shall
now stand increased from Rs. 75 Lacs to Rs.195 Lacs, in favour the Bank
against the equitable mortgage of immovable properties situated at Dist.
Rajkot admeasuring area 10847.081 Sq Mtrs. |
FIXED ASSETS:
· Land and Land Development
·
· Plant and Machinery
· Electric Installation
· Furniture and Fixtures
· Office Equipments
· Computer Systems
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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.61.91 |
|
|
1 |
Rs.100.83 |
|
Euro |
1 |
Rs.85.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NLM |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.