MIRA
INFORM REPORT
|
Report Date : |
05.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANIL INFRAPLUS LIMITED |
|
|
|
|
Registered
Office : |
1, Pandurang Society, Near Judges Bunglow Road, Bodakdev,
Ahmedabad-380054, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.03.2009 |
|
|
|
|
Com. Reg. No.: |
04-056491 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 100.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201GJ2009PLC056491 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
The subject is engaged in the business of Erection, Installation and Commissioning
of projects and also engaged in the business of supply of materials and
machineries required for projects. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. There appears sharp dip in the total income earned from its operations
during 2012. The reserve also is low. However, trade relations are fair. Business is active. Payment terms
are 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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : |
Mr. Asit Selarka |
|
Designation : |
Head Finance |
|
Contact No.: |
91-79-40282000 |
|
Date : |
05.06.2013 |
LOCATIONS
|
Registered Office : |
1, Pandurang Society, Near Judges Bunglow Road, Bodakdev,
Ahmedabad-380054, Gujarat, India |
|
Tel. No.: |
91-79-40282000 |
|
Mobile No.: |
91-9898993732 (Sheth) |
|
Fax No.: |
91-79-40282001 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 26.09.2012
|
Name : |
Mr. Amol Shripal Sheth |
|
Designation : |
Director |
|
Address : |
Plot No.96/6, Village Koteshwar District Gandhinagar-382424, Gujarat,
India |
|
Date of Birth/Age : |
31.03.2009 |
|
Date of Appointment : |
31.03.2009 |
|
DIN No.: |
00025357 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U91110MH1955GAT009658 |
THE
ALL INDIA STARCH MANUFACTURERS' ASSOCIATION PRIVATE LIMITED |
Nominee
director |
19-10-55 |
19-10-55 |
- |
Active |
NO |
|
2 |
U65910GJ1982PTC005321 |
AGALLOCHUN
INVESTMENTS PRIVATE LIMITED |
Director |
11-09-87 |
11-09-87 |
- |
Active |
NO |
|
3 |
U25202GJ1990PLC014594 |
AMOL
PACKIN LIMITED |
Director |
06-11-90 |
06-11-90 |
- |
Strike
off |
NO |
|
4 |
U65910GJ1981PTC004198 |
NAIMESH
TRADING PRIVATE LIMITED |
Director |
26-08-94 |
26-08-94 |
- |
Active |
NO |
|
5 |
U51909GJ1993PLC019894 |
ANIL
BIOPLUS LIMITED |
Director |
16-01-95 |
16-01-95 |
- |
Active |
NO |
|
6 |
L15490GJ1993PLC019895 |
ANIL
LIMITED |
Managing
director |
18-10-11 |
15-06-95 |
- |
Active |
NO |
|
7 |
U74110GJ1995PLC028364 |
ANIL
HOSPITALITY VENTURES LIMITED |
Director |
24-01-09 |
08-12-95 |
15-06-11 |
Active |
NO |
|
8 |
U51100GJ1997PTC033228 |
BHARTI
CONSUMER MARKETING PRIVATE LIMITED |
Director |
06-04-98 |
06-04-98 |
- |
Active |
NO |
|
9 |
U65990GJ1982PTC005347 |
AUGHT
INVESTMENTS PRIVATE LIMITED |
Director |
01-06-98 |
01-06-98 |
- |
Active |
NO |
|
10 |
U65910GJ1982PTC005334 |
RAHIL
MARKETING PRIVATE LIMITED |
Director |
01-06-98 |
01-06-98 |
- |
Active |
NO |
|
11 |
U51100GJ1994PLC021689 |
AGRANIL
MARKETING LIMITED |
Director |
28-09-11 |
02-07-98 |
- |
Active |
NO |
|
12 |
U51100GJ1998PLC034972 |
ANIL
TECHNOPLUS LIMITED |
Director |
24-01-09 |
16-11-98 |
30-06-11 |
Active |
NO |
|
13 |
U60910GJ1998PLC034969 |
ASCENT
KNOWLEDGE SOLUTIONS LIMITED |
Director |
30-09-11 |
18-10-01 |
- |
Active |
NO |
|
14 |
U23209GJ2000PLC037132 |
ANIL
NUTRIENTS LIMITED |
Director |
08-10-02 |
08-10-02 |
- |
Active |
NO |
|
15 |
U51109GJ2004PLC043524 |
ANIL
TRADECOM LIMITED |
Director |
28-01-04 |
28-01-04 |
30-12-06 |
Active |
NO |
|
16 |
U13204GJ2004PLC043954 |
ANIL
MINES AND MINERALS LIMITED |
Additional
director |
01-11-11 |
13-04-04 |
11-09-12 |
Active |
NO |
|
17 |
U45201GJ2009PLC056491 |
ANIL
INFRAPLUS LIMITED |
Director |
31-03-09 |
31-03-09 |
- |
Active |
NO |
|
18 |
U24230GJ2010PLC059622 |
ANIL
LIFE SCIENCES LIMITED |
Director |
17-02-10 |
17-02-10 |
30-05-11 |
Active |
NO |
|
19 |
U29100GJ2011PTC064252 |
AAHNA
SOLAR PRIVATE LIMITED |
Director |
04-03-11 |
04-03-11 |
21-05-12 |
Active |
NO |
|
20 |
U67100GJ2012PTC072039 |
AMOHA
ENTERPRISE PRIVATE LIMITED |
Director |
19-09-12 |
19-09-12 |
22-10-12 |
Active |
NO |
|
21 |
U67100GJ2012PTC072038 |
ADELLA
ENTERPRISE PRIVATE LIMITED |
Director |
19-09-12 |
19-09-12 |
- |
Active |
NO |
|
22 |
U67100GJ2012PTC072037 |
ABNER
ENTERPRISE PRIVATE LIMITED |
Director |
19-09-12 |
19-09-12 |
- |
Active |
NO |
|
Name : |
Shalibhadra Mahendrabhai Sheth |
|
Designation : |
Director |
|
Address : |
12/B, Prerna Kutir Bunglow, Vastrapur, Ahmedabad-380054, Gujarat,
India |
|
Date of Birth/Age : |
24.01.1953 |
|
Date of Appointment : |
31.03.2009 |
|
Date of Cessation : |
18.04.2013 |
|
DIN No.: |
00032372 |
|
|
|
|
Name : |
Mr. Samprati Mahedrakumar Sheth |
|
Designation : |
Director |
|
Address : |
19, Prerna Kutir Bunglow, Vastrapur, Gandhinagar-380015, Gujarat,
India |
|
Date of Birth/Age : |
16.09.1947 |
|
Date of Appointment : |
31.03.2009 |
|
Date of Cessation : |
18.04.2013 |
|
DIN No.: |
00061099 |
|
|
|
|
Name : |
Mr. Ashish Shah |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Nalin Thakur |
|
Designation : |
Director |
KEY EXECUTIVES
|
Name : |
Mr. Gurnish Trilochan Chhabda |
|
Designation : |
Secretary |
|
Address : |
F/1, Chandrika Park, Opposite MAngleshwar Mahadev, Ghodasar,
Ahmedabad-380050, Gujarat, India |
|
Date of Birth/Age : |
18.02.1986 |
|
Date of Appointment : |
AORPC3609J |
|
|
|
|
Name : |
Mr. Asit Selarka |
|
Designation : |
Head Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2012
|
Names of Shareholders |
No. of Shares |
|
Amol sheth |
7000 |
|
Shalibhadra Sheth |
500 |
|
Agranil Marketing Limited, India |
2125000 |
|
Rahil Marketing Private Limited, India |
1460000 |
|
Aught Investments Private Limited, India |
1758500 |
|
Bharti Consumer Marketing Private Limited, India |
1547000 |
|
Anil Hospitality Ventures Limited, India |
8500 |
|
Agallochun Investments Private Limited, India |
1438500 |
|
Ascent Knowledge Solutions Limited, India |
1655000 |
|
TOTAL
|
10000000 |
AS ON 26.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
99.92 |
|
Directors or relatives of Directors |
0.08 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The subject is engaged in the business of Erection, Installation and Commissioning
of projects and also engaged in the business of supply of materials and
machineries required for projects. |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
GENERAL INFORMATION
|
Customers : |
Government Sector and Private Sector |
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
15 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
·
Bank of India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah and Patel Chartered Accountant |
|
Address : |
5-B Vardan
Exclusive, Near Vimal House, Stadium
Road, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
PAN No.: |
APMPS0397D |
|
|
|
|
Related Parties : |
Anil Limited CIN NO.: - L15490GJ1993PLC019895 Anil Bioplus Limited CIN NO.: - U51909GJ1993PLC019894 Anil Technoplus
Limited CIN NO.: - U51100GJ1998PLC034972 Ascent Knowledge
Solutions Limited CIN NO.: -
U60910GJ1998PLC034969 |
|
|
|
|
Associates : |
Vigo
Biotechdairy Private Limited CIN NO.: -
U15209GJ2008PTC054858 |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
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 |
100.000 |
100.000 |
100.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
17.747 |
15.473 |
6.967 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
117.747 |
115.473 |
106.967 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.317 |
0.715 |
0.685 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.317 |
0.715 |
0.685 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.013 |
|
|
|
|
|
|
|
|
TOTAL |
118.064 |
116.188 |
107.665 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.384 |
1.967 |
0.941 |
|
|
Capital work-in-progress |
0.000 |
1.010 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
47.131 |
41.055 |
39.679 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
16.721
|
72.542 |
7.735 |
|
|
Sundry Debtors |
32.863
|
17.351 |
9.896 |
|
|
Cash & Bank Balances |
0.041
|
1.741 |
50.680 |
|
|
Other Current Assets |
0.555
|
0.708 |
0.549 |
|
|
Loans & Advances |
74.755
|
16.698 |
21.504 |
|
Total
Current Assets |
124.935
|
109.040 |
90.364 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
19.167
|
32.469 |
18.978 |
|
|
Other Current Liabilities |
36.577
|
0.715 |
1.638 |
|
|
Provisions |
0.642
|
3.700 |
3.600 |
|
Total
Current Liabilities |
56.386
|
36.884 |
24.216 |
|
|
Net Current Assets |
68.549
|
72.156 |
66.148 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.897 |
|
|
|
|
|
|
|
|
TOTAL |
118.064 |
116.188 |
107.665 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
134.062 |
375.846 |
211.484 |
|
|
|
Other Income |
2.237 |
0.040 |
0.644 |
|
|
|
TOTAL |
136.299 |
375.886 |
212.128 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
65.856 |
417.960 |
|
|
|
|
Employee benefit expense |
4.869 |
6.695 |
|
|
|
|
Other expenses |
6.150 |
8.232 |
201.507 |
|
|
|
Prior period items |
0.000 |
0.010 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
55.820 |
(71.259) |
|
|
|
|
TOTAL |
132.695 |
361.638 |
201.507 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
3.604 |
14.248 |
10.621 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.537 |
0.494 |
0.006 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.067 |
13.754 |
10.615 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.594 |
0.360 |
0.035 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.473 |
13.394 |
10.580 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.200 |
4.887 |
3.613 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
2.273 |
8.507 |
6.967 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.23 |
0.85 |
-- |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
80.000 |
|
|
|
|
[Due to very
less projects] |
The above information has been parted by Mr. Asit Selarka.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.67
|
2.26 |
3.28 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.84
|
3.56 |
5.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.94
|
12.07 |
11.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.12 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.22
|
2.95 |
3.73 |
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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
FIXED ASSETS
·
Honda City Car
·
Innova Car
·
Air Conditioner
·
Electrical Installation
·
Furniture and Fixtures
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. 56.64 |
|
|
1 |
Rs. 86.68 |
|
Euro |
1 |
Rs. 73.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT / TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
35 |
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.