|
Report Date : |
18.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASHTECH (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
30, Ashtech House, Popatwadi, Kalbadevi Road, Mumbai-400002,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
06.03.2002 |
|
|
|
|
Com. Reg. No.: |
11-135081 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.072 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U7499MH2002PTC135081 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Fly Ash. |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
management has fails to file its financials since 2010. As per available financial detail of 2010. The company performance
seems to be good. 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
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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
|
Name : |
Miss Medha |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-22190200 |
|
Date : |
14.02.2013 |
LOCATIONS
|
Registered Office / Corporate Office : |
30, Ashtech House, Popatwadi, Kalbadevi Road, Mumbai-400002,
Maharashtra, India |
|
Tel. No.: |
91-22-22190200 |
|
Fax No.: |
91-22-22062211 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Visha Velte, Jai Shree Nagar, Plot No.821, Kudus, Taluka Wada,
District Thane, Maharashtra, India |
|
|
|
|
Factory 2 : |
Reliance Energy Thermal Power Road, Dahanu Road, District Thane,
Maharashtra, India |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Bankat Hanumanprasad Mandhania |
|
Designation : |
Director |
|
Address : |
62/B, Prithvi Apartments, Altamount Road, Mumbai-400026, Maharashtra,
India |
|
Date of Appointment : |
20.06.2006 |
|
DIN No.: |
01660410 |
|
|
|
|
Name : |
Mr. Satish Hanumanprasad Mandhania |
|
Designation : |
Director |
|
Address : |
62/B, Prithvi Apartments, Altamount Road, Mumbai-400026, Maharashtra,
India |
|
Date of Appointment : |
06.03.2002 |
|
DIN No.: |
01660581 |
|
|
|
|
Name : |
Mr. Sanjay Hanumanprasad Mandhania |
|
Designation : |
Director |
|
Address : |
62/B, Prithvi Apartments, Altamount Road, Mumbai-400026, Maharashtra,
India |
|
Date of Appointment : |
06.03.2002 |
|
DIN No.: |
02411323 |
|
|
|
|
Name : |
Ms. Vandana Mandhania |
|
Designation : |
Director |
|
Address : |
62/B, Prithvi Apartments, Altamount Road, Mumbai-400026, Maharashtra,
India |
|
Date of Appointment : |
20.06.2006 |
|
DIN No.: |
03117388 |
|
|
|
|
Name : |
Mr. Hanuman Prasad Mandhania |
|
Designation : |
Director |
|
Address : |
62/B, Prithvi Apartments, Altamount Road, Mumbai-400026, Maharashtra,
India |
|
Date of Appointment : |
01.10.2010 |
|
DIN No.: |
03572929 |
KEY EXECUTIVES
|
Name : |
Miss Medha |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
|
Names of Shareholders |
No. of Shares |
|
Sanjay Hanuman
Prasad Mandhania |
265200 |
|
Satish Hanuman
Prasad Mandhania |
379000 |
|
Vandana bankat
Mandhania |
100 |
|
Sampati Devi
Mandhania |
105100 |
|
Hemant Kumar Taparia |
100 |
|
Oracle Finex Limited, India |
330000 |
|
Bankat Hanuman
Prasad Mandhania |
380000 |
|
Hanuman Prasad
Mandhania |
447650 |
|
TOTAL
|
1907150 |
AS ON 29.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
17.30 |
|
Directors or relatives of Directors |
82.69 |
|
Others |
0.01 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Fly Ash. |
||||
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Products : |
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||||
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||||
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Terms : |
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||||
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Selling : |
Cash, Credit |
||||
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||||
|
Purchasing : |
Cash, Credit |
PRODUCTION STATUS (AS ON : 31.03.2010)
|
Particulars |
Unit |
Actual
Production |
|
Block |
Nos. |
220553 |
|
RMC |
MT |
15350 |
GENERAL INFORMATION
|
Customers : |
Others ·
ACC
Limited ·
Ashoka
Buildcon Limited ·
K
Raheja Corporation ·
Kalpataru
Construction Company ·
Nirmal
Lifestyle Limited ·
Rustomjee
Builders Private Limited ·
Simplex
Infrastructure Limited ·
Skyway
Concrete ·
Unitech
Prefab Limited ·
Unity
Infraprojects Limited ·
Gammon
(India) Limited · Godrej Properties Limited |
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No. of Employees : |
Information denied by the management |
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Bankers : |
·
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri,
Baroda-390015, Gujarat, India ·
HDF Bank Limited, HDFC Bank House, Senapati Bapat
MArg, Lower Parel (West), Mumbai-400013, Maharashtra, India ·
Standard Chartered Bank ·
ABN Amro Bank ·
Centurion Bank of Punjab Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bothra and Company Chartered Accountant |
|
Address : |
103, Vidya Chambers, 305, Tardeo Road, Mumbai-400007, Maharashtra,
India |
|
PAN No.: |
AILPB2772M |
|
|
|
|
Subsidiaries : |
Ashtech International FZE |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1907150 |
Equity Shares |
Rs.10/- each |
Rs. 19.072
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
19.072 |
16.572 |
16.572 |
|
|
2] Share Application Money |
246.555 |
127.581 |
69.080 |
|
|
3] Reserves & Surplus |
104.802 |
68.317 |
46.959 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
370.429 |
212.470 |
132.611 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
242.717 |
167.952 |
161.858 |
|
|
2] Unsecured Loans |
2.885 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
245.602 |
167.952 |
161.858 |
|
|
DEFERRED TAX LIABILITIES |
19.134 |
11.618 |
8.034 |
|
|
|
|
|
|
|
|
TOTAL |
635.165 |
392.040 |
302.503 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
380.708 |
300.896 |
235.082 |
|
|
Capital work-in-progress |
101.096 |
43.559 |
5.427 |
|
|
|
|
|
|
|
|
INVESTMENT |
17.593 |
1.960 |
1.960 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
30.048
|
11.349 |
10.368 |
|
|
Sundry Debtors |
232.585
|
158.061 |
126.437 |
|
|
Cash & Bank Balances |
8.814
|
1.342 |
5.111 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
80.217
|
72.583 |
52.759 |
|
Total
Current Assets |
351.664
|
243.335 |
194.675 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
202.296 |
171.256 |
121.406 |
|
|
Other Current Liabilities |
0.674
|
8.472 |
0.928 |
|
|
Provisions |
14.559
|
18.673 |
13.044 |
|
Total
Current Liabilities |
217.529
|
198.401 |
135.378 |
|
|
Net Current Assets |
134.135
|
44.934 |
59.297 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.633 |
0.691 |
0.737 |
|
|
|
|
|
|
|
|
TOTAL |
635.165 |
392.040 |
302.503 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Services |
1253.076 |
1168.488 |
793.844 |
|
|
|
Other Income |
4.141 |
18.316 |
127.109 |
|
|
|
TOTAL (A) |
1257.217 |
1186.804 |
920.953 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales |
276.506 |
248.034 |
260.346 |
|
|
|
Manufacturing, Operating, Administrative, Selling and Distribution
Expenses |
816.677 |
818.372 |
572.451 |
|
|
|
Preliminary Expenses Written off |
0.055 |
0.027 |
0.091 |
|
|
|
Deferred Revenue Expenses Written Off |
0.422 |
0.069 |
0.000 |
|
|
|
Increase / (Decrease) in Stock |
(5.926) |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
1087.734 |
1066.502 |
832.888 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
169.483 |
120.302 |
88.065 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
20.806 |
18.234 |
12.394 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
148.677 |
102.068 |
75.671 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
73.575 |
57.788 |
37.297 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
75.102 |
44.280 |
38.374 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
25.363 |
17.410 |
6.901 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
49.739 |
26.870 |
31.473 |
|
|
|
|
|
|
|
|
|
Less |
TAX FOR EARLIER
YEAR |
0.227 |
0.611 |
4.117 |
|
|
|
PRIOR PERIOD
EXPENSES |
7.183 |
0.054 |
0.528 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
56.259 |
39.686 |
20.453 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
4.500 |
3.718 |
|
|
|
Dividend |
4.768 |
4.143 |
3.314 |
|
|
|
Tax on Dividend |
0.792 |
0.704 |
0.563 |
|
|
BALANCE CARRIED
TO THE B/S |
88.028 |
56.544 |
39.686 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
265.844 |
315.198 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
12.538 |
15.192 |
NA |
|
|
|
Capital Goods |
11.016 |
0.000 |
NA |
|
|
TOTAL IMPORTS |
23.554 |
15.192 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
26.08 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
3.96
|
2.26 |
3.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.99
|
3.79 |
4.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.25
|
8.14 |
8.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.21 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.66
|
0.79 |
1.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62
|
1.23 |
1.44 |
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 |
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 |
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 |
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 |
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 |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2010 |
Rs.
In Millions 31.03.2009 |
|
From Directors |
2.238 |
0.000 |
|
Accrued Interest |
0.647 |
0.000 |
|
|
|
|
|
TOTAL |
2.885 |
0.000 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors
|
202.296 |
171.256 |
121.406 |
|
|
|
|
|
|
TOTAL |
202.296 |
171.256 |
121.406 |
FORM 8
|
Corporate
identity number of the company |
U74999MH2002PTC135081 |
|
Name of the
company |
ASHTECH (INDIA)
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
30, Ashtech House, Popatwadi, Kalbadevi Road, Mumbai-400002, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
·
Movable
property (not being pledge) |
|
Particular of
charge holder |
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri,
Baroda-390015, Gujarat, India |
|
Nature of
instrument creating charge |
1. Deed of Hypothecation
Dated 20 Dec 2012 executed for ECB facilities
of USD 5.8 mn (an equivalent amount of Rs. 320.0 mn) as a sub limit of
Rupee term loan, to create First and Exclusive charge on plant and machinery
funded out of ICICI Bank facility and to create first and exclusive charge on
plant and machinery situated at Wada |
|
Date of
instrument Creating the charge |
20.12.2012 |
|
Amount secured by
the charge |
Rs. 320.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest as per sanction
terms Terms of repayment as per sanction
terms Margin as per sanction
terms Extent and operation of the charge 1. First and Exclusive
charge on plant and machinery funded out of ICICI Bank 2. First and
Exclusive charge on plant and machinery situated at Wada |
|
Short particulars
of the property charged (Including location of the property) |
First and
Exclusive charge on plant and machinery funded out of ICICI Bank ECB facility
and First and
Exclusive charge on plant and machinery at Gut no. 334, Village Nare, Post
Uchal, Taluka Wada, Dist Thane |
TRADE REFERENCES
·
Gammon (India) Limited
·
Godrej Properties Limited
FIXED ASSETS
·
Land
·
Plant and Machinery
·
Computer
·
Air Conditioner
·
Lab Equipments
·
Office Equipments
·
Furniture and Fixtures
·
Commercial Vehicles
·
Motor Car
·
Building Shed
·
Electrical
Installation
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. 53.98 |
|
|
1 |
Rs. 83.72 |
|
Euro |
1 |
Rs. 72.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
NO |
|
--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 |
|
TOTAL |
|
34 |
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.