MIRA INFORM REPORT
|
Report Date : |
08.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
FABTECH TECHNOLOGIES INTERNATIONAL LIMITED (w.e.f 09.07.2010) |
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Formerly Known
As : |
FABTECH TECHNOLOGIES INTERNATIONAL PRIVATE LIMITED PULSE PARENTERALS PRIVATE LIMITED |
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Registered
Office : |
717, Janki Centre, Off Veera Desai Road, Andheri West, Mumbai – 400
053, Maharashtra |
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Country : |
India |
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Financials (as on)
: |
31.03.2012 |
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Date of
Incorporation : |
20.11.1995 |
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Com. Reg. No.: |
11-094603 |
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Capital
Investment / Paid-up Capital : |
Rs. 27.859 Millions |
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|
|
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CIN No.: [Company Identification
No.] |
U24230MH1995PLC094603 |
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|
|
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF02816C |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of clean room equipments, pre – fabricated panels and
injectable lines. |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 14000000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a good track record. The financial
position of the company is good. Trade relations are reported as fair.
Business is active. Payments are reported to be usually correct and as per
commitments. The company can be considered good 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits: BBB + |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
27 December 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Bank Guarantee : A2 + |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
27 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 DECLIEND BY
|
Name : |
Mr. Shiv Kumar Mittal |
|
Designation : |
Chief Executive Officer |
|
Date : |
07.06.2013 |
LOCATIONS
|
Registered Office : |
717, Janki Centre, Off Veera Desai Road, Andheri West, Mumbai – 400
053, Maharashtra, India |
|
Tel. No.: |
91-22-61592800 |
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Fax No.: |
91-22-615928955/61592855 |
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E-Mail : |
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Website : |
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Manufacturing
Unit: |
Plot No. 190/191, GIDC, Umbergaon Industrial Estate, Valsad – 396171,
Gujarat, India |
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Branches : |
Address: H. No. 4-7-66/A, Flat No.3A, CKR Residency, Nagendra Nagar, Habsiguda, Hyderabad - 500007, INDIA Tel. No.: +91 – o40 – 27156267 , +91 – 040 – 65227265 Fax No.: +91 – 040 - 27156268 E-Mail : projectshyd@fabforms.ae
Address: 310-A, Aditya Arcde,Preet Vihar, New Delhi-110092, India Tel. No.: + 91 - 9250818450 E-Mail : delhi@fabtecheng.com |
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International
Branches : |
Located at:
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DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Aasif Ahsan Khan |
|
Designation : |
Managing Director |
|
Address : |
604, D-15, Indira Darshan –II, Swami Samarth Nagar, Andheri (West),
Mumbai – 400053, Maharashtra, India. |
|
Date of Birth/Age : |
13.09.1968 |
|
Date of Appointment : |
20.11.1995 |
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DIN No.: |
00156111 |
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|
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Name : |
Mr. Hemant Mohan Anavkar |
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Designation : |
Whole-time Director |
|
Address : |
201, Samarth
Prasad, 9‐A/2, Apna Ghar, Swami Samarth Nagar, Andheri
(West), Mumbai - 400053, Maharashtra,
India |
|
Date of Birth/Age : |
17.02.1962 |
|
Date of Appointment : |
01.04.2004 |
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DIN No.: |
00150776 |
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Name : |
Mr. Naseem Ahsan Khan |
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Designation : |
Whole-time Director |
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Address : |
93/94, 09, Link
Garden Co‐Operative Housing Society Limited, New
Link Road, Oshiwara, Andheri (West), Mumbai, 400053, Maharashtra, India |
|
Date of Birth/Age : |
12.11.1954 |
|
Date of Appointment : |
25.02.2012 |
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DIN No.: |
00153263 |
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Name : |
Mr. Arif Ahsan Khan |
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Designation : |
Whole-time Director |
|
Address : |
209, 7/C, Al
Aman Apartment, Amrut Nagar, Oshiwara Garden Road, Jogeshwari (West), Mumbai,
400102, Maharashtra, India |
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Date of Birth/Age : |
13.05.1971 |
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Date of Appointment : |
01.04.2004 |
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DIN No.: |
00156170 |
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Name : |
Mrs. Manisha Hemant Anavkar |
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Designation : |
Whole-time Director |
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Address : |
201, Samarth Prasad, 9‐A/2, Apna Ghar,
Swami Samarth Nagar, Andheri (West), Mumbai -
400053, Maharashtra, India |
|
Date of Birth/Age : |
07.12.1968 |
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Date of Appointment : |
25.02.2012 |
|
DIN No.: |
00733660 |
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|
|
|
Name : |
Mr. Gopal Krishna Nair |
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Designation : |
Additional Director |
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Address : |
A‐1 Cenced ‐ 318 Union Park,
Khar, Mumbai - 400052, Maharashtra,
India |
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Date of Birth/Age : |
02.02.1940 |
|
Date of Appointment : |
25.02.2012 |
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DIN No.: |
02772926 |
KEY EXECUTIVES
|
Name : |
Mr. Aariti Tambi |
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Designation : |
Secretary |
|
Address : |
B – 504, Dheeraj Diamond, Chincholi, Bunder Road, Malad (West), Mumbai
– 400064, Maharashtra, India |
|
Date of Appointment : |
09.03.2012 |
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PAN No.: |
AICPT2800M |
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|
|
|
Name : |
Mr. Shiv Kumar Mittal |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Aasif Ahsan Khan |
|
1661997 |
|
Hemant Mohan Anavkar |
|
346250 |
|
Aatif Khan |
|
1 |
|
Haifaa Khan |
|
1 |
|
Phiroz Mansuri |
|
1 |
|
Aarif Khan |
|
415500 |
|
Manisha Hemant Anavkar |
|
346250 |
|
Acaciaa International Tr. LLC, UAE |
|
15890 |
|
|
|
|
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Total |
|
2785890 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
0.57 |
|
Directors or relatives of Directors |
99.43 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of clean room equipments, pre – fabricated panels and
injectable lines. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
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Address : |
Heritage, 3rd Floor, Near Gujarat Vidyapeth, Off |
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Tel. No.: |
91-79-27582542/27582543 |
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Fax No.: |
91-79-27582551 |
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PAN No.: |
AABFD7919A |
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Subsidiaries : |
[CIN No.: U45203MH2010PTC201045]
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Joint Venture
Entity : |
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Companies I Firms
in which directors have significant influence: |
Multimedia Private Limited, India Limited)
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
15000000 |
Equity Shares |
Rs. 10/- each |
Rs. 150.000 millions |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2785890 |
Equity Shares |
Rs. 10/- each |
Rs. 27.859
millions |
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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 |
27.859 |
27.700 |
27.700 |
|
|
2] Share Application Money |
0.000 |
8.836 |
8.836 |
|
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3] Reserves & Surplus |
320.352 |
251.483 |
156.581 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
348.211 |
288.019 |
193.117 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
152.779 |
50.243 |
64.962 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
152.779 |
50.243 |
64.962 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
500.990 |
338.262 |
258.079 |
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APPLICATION OF FUNDS |
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|
|
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FIXED ASSETS [Net Block] |
79.833 |
77.732 |
66.405 |
|
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Capital work-in-progress |
101.684 |
0.000 |
9.973 |
|
|
|
|
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INVESTMENT |
3.409 |
4.416 |
1.805 |
|
|
DEFERRED TAX ASSETS |
0.456 |
1.901 |
1.625 |
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
147.516
|
122.885 |
80.249
|
|
|
Sundry Debtors |
290.550 |
306.492 |
263.891
|
|
|
Cash & Bank Balances |
90.496
|
112.425 |
74.419
|
|
|
Other Current Assets |
21.585
|
15.788 |
0.000
|
|
|
Loans & Advances |
133.789
|
73.508 |
46.536
|
|
Total
Current Assets |
683.936
|
631.098 |
465.095 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
164.448
|
186.607 |
122.877 |
|
|
Other Current Liabilities |
181.634
|
173.033 |
130.658
|
|
|
Provisions |
22.246
|
17.245 |
33.289
|
|
Total
Current Liabilities |
368.328
|
376.885 |
286.824 |
|
|
Net Current Assets |
315.608
|
254.213 |
178.271 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
500.990 |
338.262 |
258.079 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
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SALES |
|
|
|
|
|
|
|
Income |
832.494 |
732.567 |
657.194 |
|
|
|
Other Income |
7.120 |
17.536 |
16.750 |
|
|
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TOTAL (A) |
839.614 |
750.103 |
673.944 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
340.634 |
188.464 |
|
|
|
|
Purchases of stock-in-trade |
107.738 |
194.563 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(15.004) |
(19.119) |
|
|
|
|
Employee benefits expense |
96.313 |
76.139 |
|
|
|
|
Other expenses |
184.465 |
142.114 |
|
|
|
|
TOTAL (B) |
714.146 |
582.161 |
505.409 |
|
|
|
|
|
|
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|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
125.468 |
167.942 |
168.535 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.880 |
10.120 |
11.568 |
|
|
|
|
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
108.588 |
157.822 |
156.967 |
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
12.395 |
11.897 |
9.085 |
|
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|
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|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
96.193 |
145.925 |
147.823 |
|
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|
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|
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Less |
TAX (H) |
36.001 |
51.023 |
50.929 |
|
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|
PROFIT AFTER TAX
(G-H) (I) |
60.192 |
94.902 |
96.894 |
|
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|
|
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
345.144 |
377.848 |
220.722 |
|
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IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
30.498 |
48.083 |
65.535 |
|
|
|
Finished Goods |
24.321 |
72.226 |
27.522 |
|
|
|
Capital Goods |
0.500 |
2.356 |
1.078 |
|
|
TOTAL IMPORTS |
55.319 |
122.665 |
94.135 |
|
|
|
|
|
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Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
21.72 |
34.26 |
34.98 |
|
|
|
Diluted |
21.61 |
34.07 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.17
|
12.65 |
14.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.55
|
19.92 |
22.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.06
|
23.12 |
32.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.51 |
0.77 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.44
|
0.17 |
0.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.86
|
1.67 |
1.62 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
164.448
|
186.607 |
122.877 |
|
|
|
|
|
|
Total |
164.448
|
186.607 |
122.877 |
|
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 |
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 |
FINANCIAL
HIGHLIGHTS
During the financial year, despite the targets for the financial year
not achieved due to stuck of big project in want to payment arrangement by
customer, the Company recorded 13.6% growth in sales over previous year on
account of persistent growth on domestic and overseas projects
EBITDA dropped to 15.07% for the year as against 22.93% in previous year
primarily on account of expenses incurred on exhibitions, product development
expenses, new team building, etc. The positive result on EBITDA due to these
increased expenses will be seen in forthcoming years.
PAT dropped to 7.23%from 12.95% during the year.
BUSINESS REVIEW
The company has been continuously upgrading itself as a turnkey solution
provider to pharmaceutical and biotech industry in its way of simplification of
complex problems. Company has completed 3 big international projects in the
financial. Company has participated in various pharma exhibitions and is
getting overwhelming response from prospective buyers for turnkey solution as
this concept is highly efficient in time and cost for the customers and
stakeholders.
SUBSIDIARIES
Company has invested and holds 99.90% in Transnational Exim Private
Limited. on 12th August, 2011, which was incorporated on 2nd August, 2010.
Fabtech Sterling Building Technologies Private Limited has started its
operation in the current year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24230MH1995PLC094603 |
|
Name of the
company |
FABTECH TECHNOLOGIES
INTERNATIONAL LIMITED |
|
Address of the
registered office or of the principal place of business in |
717 Janki Centre, off Veera Desai Road, Andheri West, Mumbai -
400053, Maharashtra, India E-mail: cs@fabtecheng.com |
|
This form is for |
Creation of charge Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10273808 |
|
Type of charge |
·
Book debts ·
Movable property
(not being pledge) ·
Floating charge ·
Stock of
Finished goods, WIP, RM, Semi FG etc |
|
Particular of
charge holder |
(CIN: U24230MH1995PLC094603) Axis Bank Limited, Ground Floor, Axis House, Bombay dyeing Mills
Compound, P B Marg, Worli, Mumbai – 400025, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplemental Deed
of Hypothecation |
|
Date of
instrument Creating the charge |
02.02.2013 |
|
Amount secured by
the charge |
Rs.450.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As agreed by and
with the Bank from time to time. Terms of
Repayment As agreed by and with
the Bank from time to time. Margin As applicable, if
any. Extent and
Operation of the charge The Bank is
having first & exclusive charge on the security given by the Company, Others 2THS |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation by
way of first & exclusive charge on a) The whole of the Borrower's movable
goods and assets both present and future and including but without prejudice to
generality of the foregoing words all stocks of raw material, work in
progress, semi-finished goods and finished goods, packing materials,
consumable stores and spares etc. b) all the
present and future book-debts, outstanding monies, receivables, claims,
bills, contracts, engagements and securities which are now due and owing or
which may at any time hereafter during the continuance of this security
become due and owing to the borrower. c) all tangible
movable machinery, plant machinery, fixtures, fittings other installation,
cranes, furniture, computers and other accessories vehicles together with
spares tools and accessories and all other articles lying on the premises or
in the go-downs of the Borrower. |
|
Particulars of
the present modification |
The existing
charge amt of Rs.250.000 Millions enhanced to Rs.450.000 Millions and secured
as hypothecation by way of first and exclusive charge on stocks and book
debts (both present and future) and movable fixed assets of the Company. (As
described in Schedule of the Agreement) |
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
Claims not acknowledged as debts |
1.767 |
0.258 |
|
Guarantee to a bank for bank overdraft
facility extended to a subsidiary company |
4.000 |
4.000 |
FIXED ASSETS
- Building
- Plant and Equipment
- Office Equipment
- Computer Hardware
- Furniture and Fixtures
- Vehicles
- Computers Software
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.56.74 |
|
|
1 |
Rs.88.53 |
|
Euro |
1 |
Rs.75.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
53 |
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.