|
Report Date : |
31.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMBIT HOLDINGS PRIVATE LIMITED (w.e.f. 08.08.2007) |
|
|
|
|
Formerly Known
As : |
RSM HOLDING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Ambit House, 449, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.09.1999 |
|
|
|
|
Com. Reg. No.: |
11-121703 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 88.743 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1999PTC121703 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR16089D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC2032N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Providing Financial products and Services. |
|
|
|
|
No. of Employees
: |
Information Decline by the management |
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 580000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having moderate track record. There appears losses recorded by the company from its operational activities
doing the financial year 2013. However, trade relations are fair. Business is active. Payment terms
are 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.
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 DECLINED
Management non-cooperative
Tel. No.: 91-22-39821819
LOCATIONS
|
Registered Office : |
Ambit House, 449, Senapati Bapat Marg, Lower Parel, Mumbai – 400013,
Maharashtra, India |
|
Tel. No.: |
91-22-39821819 |
|
Fax No.: |
91-22-39823020 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 21.08.2013
|
Name : |
Mr. Ashok Murlidhar Wadhwa |
|
Designation : |
Director |
|
Address : |
101,
Maker Tower A, Cuffe Parade, Mumbai – 400 005, Maharashtra, India |
|
Date of Birth/Age : |
18.07.1960 |
|
Date of Appointment : |
03.01.2000 |
|
PAN No.: |
AAAPW2741E |
|
DIN No.: |
00003225 |
|
|
|
|
Name : |
Mr. Rahul Gupta |
|
Designation : |
Director |
|
Address : |
Flats
2401/2402, C Wing, Raheja Atlantis, G. K. Marg, Worli, Mumbai - 400 013,
Maharashtra, India |
|
Date of Birth/Age : |
13.08.1959 |
|
Date of Appointment : |
12.04.2012 |
|
DIN No.: |
03068111 |
|
|
|
|
Name : |
Mr. Naveen Kumar Kshatriya |
|
Designation : |
Director |
|
Address : |
1101-B,
Lodha Bellissimo, off N.M. Joshi Marg, Mahalaxmi, Mumbai- 400 011,
Maharashtra, India |
|
Date of Birth/Age : |
03.02.1949 |
|
Date of Appointment : |
12.04.2012 |
|
DIN No.: |
00046813 |
|
|
|
|
Name : |
Mr. Rama Bijapurkar |
|
Designation : |
Director |
|
Address : |
8,C-D,
Mona Apartments, 46 F, Bhulabhai Desai Road, Mumbai- 400 026, Maharashtra,
India |
|
Date of Birth/Age : |
12.02.1957 |
|
Date of Appointment : |
30.12.2007 |
|
DIN No.: |
00001835 |
|
|
|
|
Name : |
Mrs. Ashwini Manmohan Vir Kakkar |
|
Designation : |
Director |
|
Address : |
11
/ B, Jolly Maker Apartment I, Cuffe Parade, Colaba, Mumbai - 400 005,
Maharashtra, India |
|
Date of Birth/Age : |
04.01.1954 |
|
Date of Appointment : |
30.11.2007 |
|
DIN No.: |
00390787 |
|
|
|
|
Name : |
Mr. Sanjay Romesh Chander Sakhuja |
|
Designation : |
Director |
|
Address : |
R
85, Greater Kailash Part I, New Delhi- 110 048, India |
|
Date of Birth/Age : |
18.12.1959 |
|
Date of Appointment : |
30.11.2007 |
|
DIN No.: |
00004370 |
|
|
|
|
Name : |
Mr. Andrew John Holland |
|
Designation : |
Director |
|
Address : |
Ground
Floor, Hari Bhavan 64, Peddar Road, Cumbala Hill, Mumbai- 400 026,
Maharashtra, India |
|
Date of Birth/Age : |
20.05.1960 |
|
Date of Appointment : |
09.02.2009 |
|
DIN No.: |
00010192 |
|
|
|
|
Name : |
Mr. Yashwant Shankarrao Thorat |
|
Designation : |
Director |
|
Address : |
Indu
Niketan, General Thorat Road, Tarabai Park, Kolhapur – 416003, Maharashtra,
India |
|
Date of Birth/Age : |
11.11.1947 |
|
Date of Appointment : |
20.02.2012 |
|
DIN No.: |
02652734 |
|
|
|
|
Name : |
Mr. Tamim Hamad Al Kawari |
|
Designation : |
Director |
|
Address : |
15
Sahat Al – Qwainat, South Madinat Khalifa, Doha - 288 |
|
Date of Birth/Age : |
18.02.1975 |
|
Date of Appointment : |
13.12.2012 |
|
DIN No.: |
06508642 |
|
|
|
|
Name : |
Mr. Franco Danesi |
|
Designation : |
Director |
|
Address : |
P.O.
Box 2622, Doha - 2622 |
|
Date of Birth/Age : |
21.04.1972 |
|
Date of Appointment : |
01.04.2013 |
|
DIN No.: |
03308021 |
KEY EXECUTIVES
|
Name : |
Mr. Saifuddin Abdullah Attar |
|
Designation : |
Secretary |
|
Address : |
101, Yash heights, 4, Nesbit road, Mazgaon, Mumbai – 400010, |
|
Date of Birth/Age : |
25.05.1957 |
|
Date of Appointment : |
01.04.2008 |
|
PAN No.: |
AACPA2540F |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 21.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ashok
Wadhwa |
|
14909998 |
|
AW
Holding Private Limited, India |
|
2066013 |
|
Sanjay
Sakhuja |
|
225000 |
|
Sanjay
Bansal |
|
200000 |
|
Andrew
Holland |
|
158600 |
|
Vaibhav
Sanghavi |
|
14550 |
|
Shalini
Kamath |
|
5000 |
|
Chetas
Desai |
|
20000 |
|
Gautam
Gupte |
|
15000 |
|
Jagat
Dave |
|
15000 |
|
Vinod
Wadhwani |
|
15000 |
|
Ashim
Bhuwania |
|
20000 |
|
Saifuddin
Attar |
|
5000 |
|
Rahul
Gupta |
|
90500 |
|
Rahul
Gupta |
|
100000 |
|
|
|
|
|
Total |
|
17859661 |
Equity Share Break up (Percentage of Total Equity)
As on: 21.08.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
11.57 |
|
Directors or relatives of directors |
|
86.70 |
|
Other |
|
1.73 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Providing Financial products and Services. |
GENERAL INFORMATION
|
No. of Employees : |
Information Decline by the management |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
A F Ferguson and Company Chartered Accountants |
|
Address : |
Tower 3, 27th 32nd Floor, Indiabulls Finance Centre, Elphinstone Mill Compound, Senapati Bapat Marg, Elphinstone (West), Mumbai - 400 013, Maharashtra, India |
|
PAN No.: |
AABFA5846M |
|
|
|
|
Subsidiary Company : |
·
Ambit Insurance Broking and Advisory Private
Limited CIN : U74140MH2007PTC174082 ·
Ambit Pragma Ventures Private Limited CIN : U65923MH2007PTC171258 ·
Nikko Investment Advisors India Private Limited CIN : U74140MH2006PTC164699 ·
Ambit Corporate Finance Private Limited CIN : U65923MH1997PTC109992 ·
Ambit Capital Private Limited CIN : U74140MH1997PTC107598 ·
Ambit Finvest Private Limited CIN No.: U65999MH2006PTC163257 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.5/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17748650 |
Equity Shares |
Rs.5/- each |
Rs. 88.743
Millions |
|
|
|
|
|
As on: 21.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.5/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17859661 |
Equity Shares |
Rs.5/- each |
Rs. 89.298
Millions |
|
|
|
|
|
Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17759661 |
Equity Shares |
Rs.5/- each |
Rs. 88.798
Millions |
|
100000 |
Equity Shares (Partly Paid up) |
Rs.0.50 Paise |
Rs. 0.050
Millions |
|
|
Total |
|
Rs. 88.848 Millions |
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
88.743 |
85.703 |
|
(b) Reserves & Surplus |
|
56.648 |
45.687 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
|
145.391 |
131.390 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
10.221 |
7.100 |
|
Total Non-current
Liabilities (3) |
|
10.221 |
7.100 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
41.500 |
45.200 |
|
(b)
Trade payables |
|
8.110 |
7.681 |
|
(c) Other
current liabilities |
|
3.096 |
4.164 |
|
(d) Short-term
provisions |
|
0.473 |
0.211 |
|
Total Current
Liabilities (4) |
|
53.179 |
57.256 |
|
|
|
|
|
|
TOTAL |
|
208.791 |
195.746 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
12.513 |
12.669 |
|
(ii)
Intangible Assets |
|
2.669 |
2.445 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
90.113 |
88.169 |
|
(c) Deferred tax
assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
8.552 |
9.587 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
113.847 |
112.870 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.268 |
|
(b)
Inventories |
|
0.000 |
0.000 |
|
(c)
Trade receivables |
|
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
|
0.727 |
0.980 |
|
(e)
Short-term loans and advances |
|
94.217 |
81.628 |
|
(f)
Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
94.944 |
82.876 |
|
|
|
|
|
|
TOTAL |
|
208.791 |
195.746 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
84.730 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
29.641 |
|
|
4] (Accumulated Losses) |
|
|
(1.523) |
|
|
NETWORTH |
|
|
112.848 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
15.000 |
|
|
TOTAL BORROWING |
|
|
15.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
127.848 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
15.618 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
63.507 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
6.175 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
72.972 |
|
Total
Current Assets |
|
|
79.147 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
21.773 |
|
|
Other Current Liabilities |
|
|
2.200 |
|
|
Provisions |
|
|
6.451 |
|
Total
Current Liabilities |
|
|
30.424 |
|
|
Net Current Assets |
|
|
48.723 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
127.848 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) |
(0.248) |
(0.351) |
(0.184) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.29 |
0.35 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.79 |
1.45 |
2.60 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
No |
|
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Short term
borrowings |
|
|
|
Intercorporate borrowings |
41.500 |
45.200 |
|
|
|
|
|
Total |
41.500 |
45.200 |
NOTE:
The registered office of the company has been shifted from Ambit RSM
House, 449, Senapati Bapat Marg, Lower Parel, Mumbai – 400013,
FINANCIAL RESULTS AND BUSINESS PROSPECTS
During the year (on a stand alone basis) the Company has made a loss of Rs.0.248 million as compared to a loss of Rs.0.351 million in the previous year. On a consolidated basis, the revenue in the year was Rs.1220.400 millions as compared to Rs. 962.900 millions in the year 2011-12. The consolidated net profit after tax and before Minority Interest is Rs.200.000 millions as compared to net profit after tax and before Minority Interest Rs. 258.200 millions in the year 2011-12.
Note: No Charges Exist for Company
FIXED ASSETS:
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. 62.00 |
|
|
1 |
Rs. 102.17 |
|
Euro |
1 |
Rs. 85.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
- |
|
--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 |
NO |
|
--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 |
|
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.