1. Summary Information
|
Country |
India |
||
|
Company Name |
INDIAN ARMOUR SYSTEMS PRIVATE LIMITED |
Principal Name 1 |
Mr. Anil Kant |
|
Status |
Moderate |
Principal Name 2 |
Mrs. Prerna Abrol |
|
Registration # |
05-036224 |
||
|
Street Address |
22, Feet Road, Behind J. D. Sun Steels Private Limited, Village
Dudhola, P O Bhagola Palwal – 121102, Haryana, India |
||
|
Established Date |
25.06.2006 |
SIC Code |
-- |
|
Telephone# |
91-1275-262000 |
Business Style 1 |
Trader |
|
Fax # |
91-1275-262148 |
Business Style 2 |
Importer |
|
Homepage |
Product Name 1 |
Safety and
Security Instruments |
|
|
# of employees |
130 (Approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs. 5,000,000/- |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors - 100.00% |
Banking |
Canara Bank |
|
Public Limited Corp. |
No |
Business Period |
7 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B (29) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Subsidiaries |
-- |
Indian Armoured Vehicles Private Limited |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
107,750,000 |
Current Liabilities |
88,351,000 |
|
Inventories |
67,067,000 |
Long-term Liabilities |
54,585,000 |
|
Fixed Assets |
33,181,000 |
Other Liabilities |
442,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
143,378,000 |
|
Invest& other Assets |
4,900,000 |
Retained Earnings |
63,170,000 |
|
|
|
Net Worth |
69,520,000 |
|
Total Assets |
212,898,000 |
Total Liab. & Equity |
212,898,000 |
|
Total Assets (Previous Year) |
133,285,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
66,219,000 |
Net Profit |
799,000 |
|
Sales(Previous yr) |
88,850,000 |
Net Profit(Prev.yr) |
6,492,000 |
|
Report Date : |
01.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
INDIAN ARMOUR SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
22, Feet Road, Behind J. D. Sun Steels Private Limited, Village
Dudhola, P O Bhagola Palwal – 121102, Haryana |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.06.2006 |
|
|
|
|
Com. Reg. No.: |
05-036224 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74996HR2006PTC036224 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Importer
and Exporter of Safety and Security Instruments. |
|
|
|
|
No. of Employees
: |
130 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 278000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appears a continuous dip in the turnover and profitability of the company.
However, trade relations are reported as 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) |
|
|
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME 4 |
|
Rating Explanation |
The company has an average creditworthiness. |
|
Date |
December 2012 |
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 CO-OPERATIVE
LOCATIONS
|
Registered Office : |
22, Feet Road, Behind J. D. Sun Steels Private Limited, Village Dudhola,
P O Bhagola Palwal – 121102, Haryana, India |
|
Tel. No.: |
91-1275-262000/ 262888 |
|
Fax No.: |
91-1275-262148 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
70000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Anil Kant |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
734, Sector 29, Faridabad - 121003, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
20.09.1961 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.06.2006 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00033184 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Prerna Abrol |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
804, Sector – 15, Faridabad - 121003, Haryana, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.06.1977 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
25.06.2006 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00033243 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship : |
|
||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anil Kant |
|
250000 |
|
Prerna Abrol |
|
250000 |
|
Total |
|
500000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer
and Exporter of Safety and Security Instruments. |
GENERAL INFORMATION
|
No. of Employees : |
130 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
Ø ICICI Bank Limited Ø HDFC Bank Limited Ø Canara Bank, 8A, Nehru Ground, NIT,
Faridabad – 121001, Haryana, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||||||||
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.K. Gupta Chartered Accountant |
|
Address : |
1F/34-35, B.P. NIT, Faridabad – 121001, Haryana, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABCPG7947H |
|
|
|
|
Subsidiaries : |
Indian Armoured Vehicles Private Limited [U34100HR2009PTC039076] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
|
Reconciliation of Shares: |
Nos |
Amount in
millions |
|
Opening Share Capital |
500,000.00 |
5.000 |
|
Add: Shares issued During the year |
-- |
-- |
|
Add: Rights/Bonus Shares Issued |
-- |
-- |
|
Total |
500,000.00 |
5.000 |
|
Less: Buy back of Shares |
-- |
-- |
|
Less Reduction in Capital |
-- |
-- |
|
Closing Share Capital |
500,000.00 |
5.000 |
List of Share holders having 5% or more Shares (In Nos)
|
Name Of Shareholders |
In Nos |
In % |
|
Anil Kant |
250,000.00 |
50% |
|
Prerna Abrol |
250,000.00 |
50% |
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 |
5.000 |
5.000 |
5.000 |
|
|
2] Share Application Money |
1.350 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
63.170 |
62.583 |
57.629 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
69.520 |
67.583 |
62.629 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
38.902 |
0.336 |
0.935 |
|
|
2] Unsecured Loans |
15.683 |
10.683 |
10.683 |
|
|
TOTAL BORROWING |
54.585 |
11.019 |
11.618 |
|
|
DEFERRED TAX LIABILITIES |
0.182 |
0.000 |
0.030 |
|
|
|
|
|
|
|
|
TOTAL |
124.287 |
78.602 |
74.277 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
33.181 |
18.016 |
14.360 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.900 |
4.900 |
15.931 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.027 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
67.067
|
26.967 |
11.297
|
|
|
Sundry Debtors |
5.962
|
48.073 |
38.212
|
|
|
Cash & Bank Balances |
26.425
|
(1.472) |
7.614
|
|
|
Other Current Assets |
2.714
|
3.195 |
0.000
|
|
|
Loans & Advances |
72.649
|
33.579 |
20.521
|
|
Total
Current Assets |
174.817
|
110.342 |
77.644
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
87.610
|
52.597 |
18.645
|
|
|
Other Current Liabilities |
0.741
|
0.526 |
7.606
|
|
|
Provisions |
0.260
|
1.560 |
9.200
|
|
Total
Current Liabilities |
88.611
|
54.683 |
35.451
|
|
|
Net Current Assets |
86.206
|
55.659 |
42.193
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
1.793 |
|
|
|
|
|
|
|
|
TOTAL |
124.287 |
78.602 |
74.277 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
66.219 |
88.850 |
253.359 |
|
|
|
Other Income |
0.827 |
1.438 |
0.161 |
|
|
|
TOTAL (A) |
67.046 |
90.288 |
253.520 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
34.111 |
53.495 |
-- |
|
|
|
Preliminary Expenses w/ off |
0.106 |
0.114 |
0.114 |
|
|
|
Employee benefits expense |
7.841 |
5.631 |
-- |
|
|
|
Other expense |
19.707 |
20.358 |
-- |
|
|
|
Manufacturing Expenses |
-- |
-- |
181.378 |
|
|
|
Personnel Expenses |
-- |
-- |
6.122 |
|
|
|
Administrative and other Expenses |
-- |
-- |
5.610 |
|
|
|
Selling and distribution expenses |
-- |
-- |
6.397 |
|
|
|
TOTAL (B) |
61.765 |
79.598 |
199.621 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
5.281 |
10.690 |
53.899 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.846 |
0.496 |
1.512 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.435 |
10.194 |
52.387 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.166 |
2.199 |
2.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.269 |
7.995 |
49.950 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.470 |
1.503 |
9.147 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.799 |
6.492 |
40.803 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.60 |
12.98 |
81.61 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.19
|
7.19 |
16.09
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.92
|
9.00 |
19.72
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.61
|
6.23 |
54.29
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.12 |
0.80
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.79
|
0.16 |
0.19
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97
|
2.02 |
2.19
|
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 |
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 |
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 |
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 |
Yes |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loans and Advance from Related Parties |
5.000 |
0.000 |
|
Loans and Advances from Others |
10.683 |
10.683 |
|
Total |
15.683 |
10.683 |
WORKING AND
PROSPECTS:
During the above
period, the Company had manufactured safety gadgets and earned less Profit Compare
to last financial year. Directors however are Confident to achieve better
results in next Financial Year. The Company is having good orders in hand and
had made lot of reputation and goodwill in the overseas and Indian market.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U74996HR2006PTC036224 |
|
Name of the
company |
INDIAN ARMOUR
SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
22, Feet Road, Behind J. D. Sun Steels Private Limited, Village
Dudhola, P O Bhagola Palwal – 121102, Haryana, India Email: mkgfca@yahoo.co.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10292280 |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
Canara Bank, 8A,
Nehru Ground, NIT, Faridabad – 121001, Haryana, India Email: cb330@canarabank.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Common Hypothecation Agreement dated 22.06.2012. |
|
Date of
instrument Creating the charge |
22.06.2012 |
|
Amount secured by
the charge |
Rs. 80.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest as per
banks norms or as notified by the bank from time to time. Terms of Repayment Working capital
limits payable on demand. Renewable every year. Term loan repayable as per
repayment schedule indicated in the principal agreement. Margin As per bank's
norms. Extent and Operation of the charge First charge on assets
to secure limits granted to the company aggregating to Rs.80.000 Millions
comprising of OCC limit of Rs.30.000 Millions, FLC (DA/ DP)/ BG limit of
Rs.30.000 Millions and Term Loan of Rs.20.000 Millions. |
|
Short particulars
of the property charged |
Stocks, work in
process, finished goods, stores and spares and packing materials, etc. meant
for domestic/ export sales stored in company's factory and godowns situated
at various places. Hypothecation of
receivables of the company arising out of bonafide trade transactions present
and future. Hypothecation of
plant and machinery proposed to be acquired out of the sanctioned term loan Hypothecation of
all other fixed assets and plant and machinery of the company. |
|
Particulars of the
present modification |
The limits
granted to the company stand renewed, amounting to Rs.80.000 Millions
comprising of OCC limit of Rs.30.000 Millions, FLC (DA/ DP)/ BG limit of
Rs.30.000 Millions and Term Loan of Rs.20.000 Millions. Other terms and conditions
remain the same. |
FIXED ASSETS:
Ø
Building
Ø
Plant and Machinery
Ø
Electric Fitting
Ø
Hero Honda Glamour Bike
Ø
Television
Ø
Dies and Tools
Ø
Generator
Ø
Fan
Ø
Rikshaw
Ø
Honda City Car
Ø
Air conditioner
Ø
Office Equipments
Ø
Cooler
Ø
Mobile Phone
Ø
EPABX
Ø
Honda Shine Bike
Ø
Refrigerator
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. 53.29 |
|
|
1 |
Rs. 84.22 |
|
Euro |
1 |
Rs. 72.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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.