|
Report Date : |
27.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
GUJARAT COPPER ALLOYS LIMITED |
|
|
|
|
Formerly Known
As : |
GUJARAT COPPER ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.
287/3, Village Kherdi, Khanvel Silvassa - 396230, Dadra and Nagar Haveli |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.09.1989 |
|
|
|
|
Com. Reg. No.: |
54-000346 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.607 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200DN1989PLC000346 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Copper Strips, Rods etc. |
|
|
|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 193000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Even though the company has seen a better increases in its sales
volume as well as net profitability, the profit margin appears to be low during
2013. External borrowings seems to be increasing which may act as a threat to
the liquidity position. The ratings also take into consideration the average
net worth position and the negative cash balance reported in the books. However, trade relations are fair. Business is active. Payments terms
are reported as slow but corrct. The company can be consided 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
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia after
Chengdu, in China. According to Cushman and Wakefield, six Indian cities are
among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
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. Mehta |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-43422323 |
|
Date : |
24.12.2013 |
LOCATIONS
|
Registered Office/ Factory : |
Survey No.
287/3, Village Kherdi, Khanvel Silvassa - 396230, Dadra and Nagar Haveli,
India |
|
Tel. No.: |
91-260-2677356/ 3294226 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate/ Admin Office : |
Chaman Chambers, 3rd floor, Off. No.1, 10-A, Cinema Road,
Marine Street, Dhobi Talao, Mumbai - 400 020 (India |
|
Tel. No.: |
91-22-43422323/ 22053913/ 22014695 |
|
Fax No.: |
91-22-22084759 |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Ravi Mohanlal Jain |
|
Designation : |
Director |
|
Address : |
2901, Shreepati
Arcade, August Kranti Marg, Gowalia Tank, Mumbai-400036 |
|
Date of Appointment : |
20.12.2004 |
|
DIN No.: |
00771469 |
|
|
|
|
Name : |
Mrs. Manjula Mohanlal Jain |
|
Designation : |
Director |
|
Address : |
2901, Shreepati
Arcade, August Kranti Marg, Gowalia Tank, Mumbai-400036 |
|
Date of Appointment : |
20.12.2004 |
|
DIN No.: |
00783825 |
|
|
|
|
Name : |
Mr. Ramesh Bhaktavarmal Jain |
|
Designation : |
Director |
|
Address : |
18, Gopal
Krishna Bhavan, Karelwadi, Thakur Road, Mumbai-400002 |
|
Date of Appointment : |
20.02.2004 |
|
DIN No.: |
00784287 |
|
|
|
|
Name : |
Mr. Mohanlal Bhagtawarmal Jain |
|
Designation : |
Director |
|
Address : |
2901, Shreepati Arcade,
August Kranti Marg, Gowalia Tank, Mumbai-400036 |
|
Date of Appointment : |
28.11.2005 |
|
DIN No.: |
02556214 |
|
|
|
|
Name : |
Mrs. Ganga Ramesh Jain |
|
Designation : |
Director |
|
Address : |
18, Gopal Krishna
Bhavan, Karelwadi, Thakur Road, Mumbai-400002 |
|
Date of Appointment : |
28.11.2005 |
|
DIN No.: |
02955750 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
|
Names of Shareholders |
No. of Shares |
|
Ramesh Jain |
117294 |
|
Ganga Jain |
62700 |
|
Mohanlal Baktavarmal Jain |
75600 |
|
Manjula Mohanlal Jain |
52500 |
|
Ravi Mohanlal Jain |
50100 |
|
Leela |
500 |
|
Kamla |
500 |
|
Kamlesh |
1000 |
|
Sanjay |
500 |
|
|
|
|
|
360694 |
As on 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Copper Strips, Rods etc. |
|
|
|
|
Imports : |
|
|
Products : |
Alloys Scrap |
|
Countries : |
Dubai |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
¯ Arbuda Acid and Chemical Company ¯ Asha Enterprises ¯ Atma Agriculture Private Limited ¯ Balaji Construction ¯ Bhavani Metal and Company ¯ Bimpex Machines Private Limited ¯ C. Vadilal and Company ¯ Dhurvi Infracom Private Limited ¯ Bharati Engineering Works ¯ A.N. Mehta ¯ Anant Enterprises ¯ Apple Insulated Wires Private Limited ¯ OM Electrical
Works ¯ Parsik Traders Private Limited ¯ Pioneer
Furnnance Private Limited ¯ Shreeji Telecom |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers and
End Users ¯ Alcon Electronics Private Limited ¯ Auto Repowering Works Private Limited ¯ Baroda Conductors Private Limited ¯ Bright Engineering ¯ Classic Enterprises ¯ Fine Blanking Private Limited ¯ IFB Industries Limited ¯ Vibha Corporation ¯ Vishal Fab (India) Private Limited ¯ Autometer Alliance Limited |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
80 (Approximately) |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg,
Lower Parel [West], Mumbai - 400013, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. K. Mutha and Company Chartered Accountants |
|
Address : |
Alankar, 3rd Floor, 208, Samuel Street, Masjid Bunder, Mumbai – 400003,
Maharashtra, India |
|
Tel. No.: |
91-22-23436467/ 23414361 |
|
Mobile No.: |
91-9820426111 |
|
Fax No.: |
91-22-66336963 |
|
PAN
No. : |
AAFPN3396L |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
360694 |
Equity Shares |
Rs.10/- each |
Rs.3.607 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.607 |
3.607 |
3.607 |
|
(b) Reserves & Surplus |
44.814 |
37.466 |
31.409 |
|
(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) |
48.421 |
41.073 |
35.016 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
121.681 |
101.667 |
139.655 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
121.681 |
101.667 |
139.655 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
49.668 |
3.218 |
13.333 |
|
(b) Trade payables |
69.502 |
96.001 |
64.127 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
6.720 |
6.833 |
8.107 |
|
Total Current Liabilities
(4) |
125.890 |
106.052 |
85.567 |
|
|
|
|
|
|
TOTAL |
295.992 |
248.792 |
260.238 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
63.645 |
62.628 |
60.578 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.903 |
3.170 |
2.971 |
|
(c) Deferred tax assets (net) |
0.349 |
0.466 |
0.582 |
|
(d) Long-term Loan and Advances |
0.087 |
0.088 |
0.088 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
66.984 |
66.352 |
64.219 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
49.331 |
33.717 |
34.250 |
|
(c) Trade receivables |
141.209 |
109.123 |
138.050 |
|
(d) Cash and cash
equivalents |
(5.558) |
6.595 |
1.705 |
|
(e) Short-term loans
and advances |
44.026 |
33.005 |
22.014 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
229.008 |
182.440 |
196.019 |
|
|
|
|
|
|
TOTAL |
295.992 |
248.792 |
260.238 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
797.534 |
577.695 |
431.003 |
|
|
|
Other Income |
5.465 |
5.894 |
0.189 |
|
|
|
TOTAL (A) |
802.999 |
583.589 |
431.192 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
775.217 |
551.129 |
400.069 |
|
|
|
Changes in inventories of finished goods, work in progress and stock
in trade |
(15.614) |
0.533 |
(7.863) |
|
|
|
Employee benefit Expenses |
4.790 |
4.254 |
3.408 |
|
|
|
Other Administrative Expenses |
9.322 |
9.968 |
8.103 |
|
|
|
TOTAL (B) |
773.715 |
565.884 |
403.717 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
29.284 |
17.705 |
27.475 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.865 |
7.416 |
8.577 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
12.419 |
10.289 |
18.898 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.040 |
2.885 |
2.832 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.379 |
7.404 |
16.066 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.891 |
1.347 |
5.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.488 |
6.057 |
10.634 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
21.00 |
17.00 |
29.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.93
|
1.04
|
2.47 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.18
|
1.28
|
3.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.20
|
3.02
|
6.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19
|
0.18
|
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.54
|
2.55
|
4.37 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.82
|
1.72
|
2.29 |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debts is 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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
----- |
|
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 |
NOTE:
The registered office of the company has been shifted from 5/188, 1st
Floor, Roowala Tekara, Surat – 395003, Gujarat India to the present
w.e.f.01.04.2009.
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from
Directors |
|
|
|
Mohanlal B. Jain |
7.262 |
27.752 |
|
Ravi M. Jain |
15.529 |
14.652 |
|
Ganga R Jain |
0.624 |
0.000 |
|
Manjula M. Jain |
5.374 |
0.000 |
|
Ramesh B. Jain |
51.113 |
55.795 |
|
|
|
|
|
Other Loans and
Advance |
|
|
|
Awi M. Jain |
19.968 |
0.000 |
|
Kanika R. lain |
5.011 |
0.000 |
|
5anny R. Jain |
12.315 |
0.000 |
|
Sunrise Metal Industries |
1.682 |
1.025 |
|
|
|
|
|
Total |
118.878 |
99.224 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10391900 |
04/10/2013 * |
165,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B86981388 |
|
2 |
10250997 |
04/10/2013 * |
165,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra
- 400013, INDIA |
B86981073 |
* Date of charge modification
FIXED ASSETS
Ø Land
Ø Factory Building
Ø Building under
Construction
Ø Office Equipments
Ø Plant and
Machinery
Ø Computer
Ø Electric Fitting
Ø Vehicles
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.61.97 |
|
|
1 |
Rs.101.49 |
|
Euro |
1 |
Rs.84.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.