MIRA
INFORM REPORT
|
Report Date : |
22.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
ASHIMA ISPAT PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
ASHIMA ELECTRIC COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
201, 2nd Floor, 637 Building, Opposite Sears Tower, Gulbai
Tekra, Ahmedabad – 380006, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.10.1994 |
|
|
|
|
Com. Reg. No.: |
04-023308 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.733 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40106GJ1994PTC023308 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading of specialty steel [Electri Steel, Silicon Steel, Cold Rolled
Grained Oriented Steel (CRGO) and Cold Rolled Non Grained Oriented (CRNO).] |
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|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 95000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
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|
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|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are decent. Business is active. Payment terms are usually
correct and as per commitment. 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.
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 BY
|
Name : |
Mr. Mehul Shah |
|
Designation : |
Director |
|
Date : |
22.07.2013 |
LOCATIONS
|
Registered Office : |
201, 2nd Floor, 637 Building, Opposite Sears Tower, Gulbai
Tekra, Ahmedabad – 380006, Gujarat, India |
|
Tel. No.: |
91-79-40024085 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Mehul Kumar Narendra Kumar Shah |
|
Designation : |
Whole – time Director |
|
Address : |
Sector – 4/43, Kalhar Bunglows, Near Shilaj Village, Village –
Nandoli, Bopal, Ahmedabad – 380058, Gujarat, India |
|
Date of Appointment : |
17.10.1994 |
|
DIN No.: |
01386048 |
|
|
|
|
Name : |
Mr. Pinal Narendrakumar Shah |
|
Designation : |
Managing Director |
|
Address : |
Sector – 4/43, Kalhar Bunglows, Near Shilaj Village, Village –
Nandoli, Bopal, Ahmedabad – 380058, Gujarat, India |
|
Date of Appointment : |
17.10.1994 |
|
DIN No.: |
01389988 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pinal N Shah |
|
58550 |
|
Mehul N Shah |
|
86615 |
|
Pinal N Shah (HUF) |
|
28060 |
|
Deepak R Shah (HUF) |
|
5 |
|
Rameshchandra Shah |
|
5 |
|
Bharat M Mehta |
|
5 |
|
Lalitaben M Mehta |
|
5 |
|
Mansukhbhai Mehta |
|
5 |
|
Bunty K Mehta |
|
5 |
|
Narendrabhai Shah (HUF) |
|
5 |
|
|
|
|
|
Total |
|
173260 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading of specialty steel [Electri Steel, Silicon Steel, Cold Rolled Grained
Oriented Steel (CRGO) and Cold Rolled Non Grained Oriented (CRNO).] |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management |
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Bankers : |
Yes Bank Limited,
Nehru Centre, 9th Floor, Discovery of India, Dr A B Road, Worli,
Mumbai – 400018, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
--- |
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|
|
|
Auditors : |
|
|
Name : |
Shardul S Dave and Company Chartered Accountants |
|
Address : |
308, Third Floor, Akash Rath, Behind ratnam Complex, C G Road,
Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
Tel No.: |
91-79-26425503 |
|
Mobile No.: |
91-9825045503 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAOPD3492P |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.10/- each |
Rs. 3.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
173260 |
Equity Shares |
Rs.10/- each |
Rs. 1.733
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1.733 |
1.733 |
|
(b) Reserves & Surplus |
|
19.498 |
15.180 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
2.600 |
2.600 |
|
Total
Shareholders’ Funds (1) + (2) |
|
23.831 |
19.513 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
16.658 |
4.994 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
16.658 |
4.994 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
26.864 |
11.921 |
|
(b) Trade payables |
|
67.706 |
75.580 |
|
(c) Other current liabilities |
|
6.360 |
30.004 |
|
(d) Short-term provisions |
|
1.962 |
2.343 |
|
Total Current Liabilities (4) |
|
102.892 |
119.848 |
|
|
|
|
|
|
TOTAL |
|
143.381 |
144.355 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
66.600 |
32.173 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
66.599 |
32.173 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
1.222 |
19.083 |
|
(b) Inventories |
|
32.095 |
48.358 |
|
(c) Trade receivables |
|
37.164 |
38.159 |
|
(d) Cash and cash
equivalents |
|
0.115 |
0.257 |
|
(e) Short-term loans and
advances |
|
2.030 |
2.062 |
|
(f) Other current assets |
|
4.155 |
4.263 |
|
Total Current Assets |
|
76.781 |
112.182 |
|
|
|
|
|
|
TOTAL |
|
143.381 |
144.355 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.901 |
|
|
2] Share Application Money |
|
|
1.000 |
|
|
3] Reserves & Surplus |
|
|
15.333 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
18.234 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
28.336 |
|
|
2] Unsecured Loans |
|
|
2.032 |
|
|
TOTAL BORROWING |
|
|
30.368 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
48.602 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
30.700 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
9.567 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
65.968
|
|
|
Sundry Debtors |
|
|
62.934
|
|
|
Cash & Bank Balances |
|
|
4.749
|
|
|
Other Current Assets |
|
|
6.890
|
|
|
Loans & Advances |
|
|
5.898
|
|
Total
Current Assets |
|
|
146.439
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
20.332
|
|
|
Other Current Liabilities |
|
|
117.166
|
|
|
Provisions |
|
|
0.606
|
|
Total
Current Liabilities |
|
|
138.104
|
|
|
Net Current Assets |
|
|
8.335
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
48.602 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
315.084 |
258.969 |
365.387 |
|
|
|
Other Income |
3.572 |
2.213 |
2.723 |
|
|
|
TOTAL (A) |
318.656 |
261.182 |
368.110 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock-in-Trade |
245.780 |
196.153 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
16.263 |
17.611 |
|
|
|
|
Employees benefit expenses |
8.350 |
5.783 |
|
|
|
|
Other Expenses |
35.290 |
30.532 |
|
|
|
|
TOTAL (B) |
305.683 |
250.079 |
364.388 (Including
Financial Expenses) |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.973 |
11.103 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.462 |
1.976 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.511 |
9.127 |
3.722 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.272 |
5.422 |
3.493 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
6.239 |
3.705 |
0.229 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.921 |
1.526 |
0.607 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
4.318 |
2.179 |
(0.378) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
10.933 |
11.311 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
10.933 |
|
|
|
|
|
|
|
|
|
|
VALUE OF IMPORTS
ON CIF BASIS |
172.450 |
153.691 |
220.128 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(loss) Per Share (Rs.) |
24.92 |
12.58 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.36
|
0.83 |
0.10 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.98
|
1.43 |
0.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.35
|
2.57 |
0.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.19 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.70
|
0.26 |
1.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.75
|
0.94 |
1.67 |
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 |
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 |
No |
|
16] |
Details of sister
concerns |
No |
|
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 |
No |
|
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: Registered office of the company has been
shifted from304, Akash Rath behind Pariseema, C G Road, Ahmedabad – 380009,
Gujarat, India to the present address w.e.f
10.06.2010
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
From Director |
14.446 |
0.000 |
|
From Others |
0.349 |
1.717 |
|
Total |
14.795 |
1.717 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U40106GJ1994PTC023308 |
|
Name of the
company |
ASHIMA ISPAT
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
201, 2nd Floor, 637 Building, Opposite Sears Tower, Gulbai
Tekra, Ahmedabad – 380006, Gujarat, India Email: ronakshah_cs@yahoo.com
|
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
10108578 |
|
Type of charge |
·
Book debts ·
Movable
property (not being pledge) ·
Floating charge |
|
Particular of
charge holder |
CIN:
L65190MH2003PLC143249 Yes Bank Limited,
Nehru Centre, 9th Floor, Discovery of India, Dr A B Road, Worli,
Mumbai – 400018, Maharashtra, India Email: dlbbcadahm@yesbank.in |
|
Nature of
instrument creating charge |
Letter Dated :
19.03.2012 |
|
Date of
instrument Creating the charge |
19.03.2012 |
|
Amount secured by
the charge |
Rs.60.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CC: 3% Above Yes
Bank Base Rate Prevailing from time to time. Terms of
Repayment LC : On demand /
Annual review / At the end of Tenor BC : On demand /
Annual review / At the end of Tenor CC : On demand /
Annual review Margin LC : 25% Cash
Margin in the form of FDR BC : 25% Cash
Margin in the form of FDR CC : 25% on (Book
Debts below 90 days plus stocks minus creditors) Extent and
Operation of the charge Exclusive charge
by way of hypothecation on the Company's current assets both present and
future. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive charge
by way of hypothecation on the Company's current assets both present and
future. |
|
Date of
instrument modifying the charge |
12.03.2012 |
|
Particulars of
the present modification |
By this
modification Deed of Hypothecation created on 21.08.2008 for Rs. 20.000
Millions and modified from time to time on various dates, last modified on
16.02.2012 for Rs.60.000 Millions for creation of charge on the assets of the
company will be the First and exclusive charge on whole of current assets of
the company. |
FIXED ASSETS
· Air Conditioner
· Fan
· Computers
· Furniture & Fixtures
· Auto Car
· I 10 Car
· I 2 0 Car (GJ-1-KD-3027
· BMW X5 CAR
· Ford Endeavour Car
· Honda CRV Car
· BMW Car - wnm
· Motor Cycle
· New Klnetic Honda
· Cycle
· Camera
· Mobile Phone - TATA
· Car - 120 GJ 18 BA 1912
· Car - Beetle
· Car - Jaguar
· Apple - IPAD
· Bunglow - WIN1 SMRUTL
· Electrical Fittings
· Crane Machine
· Weighing Scale
· Water Softner Machine
· Water Heter
· Water Tank
· Fax Machine
· Electrical Fittings - Factory Shed
· Colour TV
· lV AT 637 Building
· Freeze
· Mobile Blackberry
· Mobile - N97 MINI
· Mobile Samsung
· D.G. Set
· Office No.201 AT 637 Building
·
Shed
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.59.80 |
|
|
1 |
Rs.91.03 |
|
Euro |
1 |
Rs.78.52 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
48 |
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.