MIRA
INFORM REPORT
|
Report Date : |
01.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARIHANT AUTO TRADE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
101, Grace Heights, 149, Alibhai Premji Marg, Grant Road (East),
Mumbai-400007, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.07.1994 |
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|
|
|
Com. Reg. No.: |
11-079956 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29290MH1994PTC079956 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA20471D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACA4892P |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Non Ferrous Metal |
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|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 61000 |
|
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|
Status : |
Moderate |
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Payment Behaviour : |
Slot but Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record.
There appears drastic fall in the sales turnover and the company has recorded
some loss during the current year. However, trade relations are reported to be fair. Business is active.
Payments 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.
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 : |
Mr. Rakesh Rathod |
|
Designation : |
Director |
|
Contact No.: |
91-9820033507 |
|
Date : |
28.02.2013 |
LOCATIONS
|
Registered Office : |
101, Grace Heights, 149, Alibhai Premji Marg, Grant Road (East),
Mumbai-400007, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9820033507 (Mr. Rakesh Rathod) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
801/802, Span Trade Centre, Opposite Kesheab Ashram, Paldi,
Ahmedabad-380007, Gujarat, India |
DIRECTORS
AS ON 27.08.2012
|
Name : |
Mr. Jaykumar Chandulal Shah |
|
Designation : |
Director |
|
Address : |
304, Atithi Annexe, 1 Jain Society, Opposite Pritamnagar, Akhada,
Ellisbridge, Ahmedabad-38006, Gujarat, India |
|
Date of Birth/Age : |
09.03.1954 |
|
Date of Appointment : |
18.01.2012 |
|
DIN No.: |
00329427 |
|
|
|
|
Name : |
Mr. Rakesh Maganlal Rathod |
|
Designation : |
Director |
|
Address : |
14, A, Venus Society, 4 N V Street, 3rd Floor, Nana Chowk,
Mumbai-400007, Maharashtra, India |
|
Date of Birth/Age : |
18.01.1965 |
|
Date of Appointment : |
29.07.1994 |
|
DIN No.: |
00329529 |
|
|
|
|
Name : |
Ms. Prakashdevi Bhanwarlal Jain |
|
Designation : |
Director |
|
Address : |
201, Mahavir Sadan, 2nd Floor, Balaram Street, Grant Road,
Mumbai-400007, Maharashtra, India |
|
Date of Birth/Age : |
10.04.1956 |
|
Date of Appointment : |
27.10.1994 |
|
DIN No.: |
00329580 |
|
|
|
|
Name : |
Ms. Hansa Jaykumar Shah |
|
Designation : |
Director |
|
Address : |
304, Atithi Annexe, 1 Jain Society, Opposite Pritamnagar, Akhada, Ellisbridge,
Ahmedabad-38006, Gujarat, India |
|
Date of Birth/Age : |
02.02.1957 |
|
Date of Appointment : |
27.10.1994 |
|
DIN No.: |
00329580 |
|
|
|
|
Name : |
Mr. Rewachand Tarachand Jain |
|
Designation : |
Director |
|
Address : |
B/1, Maniyar Building, 7th Floor, Flat No.45, Near Film
Centre, MM Malaviya Road, Mumbai-400034, Maharashtra, India |
|
Date of Birth/Age : |
05.11.1956 |
|
Date of Appointment : |
27.10.1994 |
|
DIN No.: |
00329870 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.08.2012
|
Names of Shareholders |
No. of Shares |
|
Hansa J Shah |
5317 |
|
Ashokkumar K Shah |
1880 |
|
Jay Kumar C Shah HUF |
8800 |
|
Chandrakant H Maniyar |
01 |
|
Vinod A Shah |
6701 |
|
Hardik Ashokkumar Shah |
1501 |
|
Viral J Shah |
7000 |
|
Anjanaben A Shah |
8800 |
|
TOTAL
|
40000 |
AS ON 27.08.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Non Ferrous Metal |
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Imports : |
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Products : |
·
Finished Goods |
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Countries : |
·
Sweden |
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Terms : |
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Selling : |
Cash, Credit (30 Days / 60 Days) |
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Purchasing : |
Cash, Credit (30 Days / 60 Days) |
GENERAL INFORMATION
|
Customers : |
Industries ·
Agarwal Metal Works Private Limited, Bhiwadi ·
Hydro Ellay Enfiled Limited ·
Jignasu Alcha Aluminium Company Limited ·
Kartar Carriers Private Limited ·
R A Tanna ·
Uday I Shah and Company |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
·
Standard Chartered Bank, Ground Floor,
Abhijeet-II, Mithakali Six Roads, Navrangpura, Ahmedabad-380009, Gujarat,
India ·
Citi Bank ·
Bank of India ·
ICICI Bank ·
Kotak Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Uday I Shah Chartered Accountant |
|
Address : |
6,7, 1st Floor, Landmark, Opposite HDFC Bank, Navrangpura,
Ahmedabad-380009, Gujarat, India |
|
PAN No.: |
ABIPS3387H |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
Rs.100/-
each |
Rs. 4.000 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 |
4.000 |
4.000 |
4.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.333 |
12.708 |
9.698 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
15.333 |
16.708 |
13.698 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.219 |
(1.499) |
0.342 |
|
|
2] Unsecured Loans |
6.250 |
1.795 |
10.391 |
|
|
TOTAL BORROWING |
6.469 |
0.296 |
10.733 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
21.802 |
17.004 |
24.431 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
0.833 |
1.403 |
1.683 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.233 |
0.209 |
0.186 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.138
|
8.877 |
26.568 |
|
|
Sundry Debtors |
8.847
|
15.026 |
8.658 |
|
|
Cash & Bank Balances |
5.536
|
0.581 |
0.743 |
|
|
Other Current Assets |
0.000
|
0.000 |
7.141 |
|
|
Loans & Advances |
7.077
|
0.372 |
0.000 |
|
Total
Current Assets |
25.598
|
24.856 |
43.110 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.468
|
6.850 |
16.449 |
|
|
Other Current Liabilities |
0.375
|
2.596 |
0.006 |
|
|
Provisions |
0.019
|
0.018 |
4.093 |
|
Total
Current Liabilities |
4.862
|
9.464 |
20.548 |
|
|
Net Current Assets |
20.736
|
15.392 |
22.562 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
21.802 |
17.004 |
24.431 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
101.053 |
241.352 |
|
|
|
|
Other Income |
0.247 |
0.590 |
|
|
|
|
TOTAL (A) |
101.300 |
241.942 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Trading Goods |
93.904 |
213.964 |
|
|
|
|
Changes in inventories of Stock in Trade |
4.739 |
17.691 |
|
|
|
|
Employees Benefits Expenses |
2.561 |
2.256 |
|
|
|
|
Other Expenses |
0.767 |
2.074 |
|
|
|
|
Loss on sale of fixed assets |
0.016 |
0.000 |
|
|
|
|
TOTAL (B) |
101.987 |
235.985 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(0.687) |
5.957 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.519 |
1.404 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(1.206) |
4.553 |
9.502 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.192 |
0.280 |
0.371 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(1.398) |
4.273 |
9.131 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.023) |
1.263 |
2.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(1.375) |
3.010 |
6.255 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(34) |
75 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(1.36)
|
1.24 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(1.38)
|
1.77 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.24)
|
16.14 |
20.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.09)
|
0.26 |
0.67 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.42
|
0.02 |
0.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.26
|
2.63 |
2.10 |
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
two 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 |
No |
|
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 |
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
From Others |
|
|
|
Chandrakant H Maniyar |
0.600 |
0.000 |
|
Darshi H Shah |
0.200 |
0.000 |
|
Hardik A Shah |
0.150 |
0.000 |
|
Kundan C Maniyar |
0.150 |
0.000 |
|
Malay A Shah |
0.150 |
0.000 |
|
Vinod A Shah |
0.300 |
0.000 |
|
Loans and
advances from related parties |
|
|
|
Ajnjana A Shah |
0.100 |
0.000 |
|
Apex Heat Transfer (Private) Limited (Entities in which KMP / relatives of KMP have significant influence) |
0.000 |
1.795 |
|
Hansa J Shah |
2.500 |
0.000 |
|
Jaykumar C Shah |
2.100 |
0.000 |
|
|
|
|
|
TOTAL |
6.250 |
1.795 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
|
|
16.449 |
|
On account of
Goods purchased for trading |
|
|
|
|
Agarwal Metal Works Private Limited, Bhiwadi |
0.000 |
6.824 |
|
|
Hydro Ellay Enfiled Limited |
1.229 |
0.000 |
|
|
Jignasu Alcha Aluminium Company Limited |
3.195 |
0.000 |
|
|
On account of
services received |
|
|
|
|
Chittranjanbhai |
0.008 |
0.007 |
|
|
Kartar Carriers Private Limited |
0.003 |
0.000 |
|
|
R A Tanna |
0.013 |
0.000 |
|
|
Uday I Shah and Company |
0.020 |
0.019 |
|
|
TOTAL |
4.468
|
6.850 |
16.449 |
NOTE
Registered office has been shifted from 101, Grace Heights, 98, Alibhai
Premji Marg, Grant Road (East), Mumbai-400007, Maharashtra, India to the
present address w.e.f.01.11.2010.
FINANCIAL RESLILTS
AND OPERATIONS
The company has incurred a net loss of Rs.1.375 Millions after
adjustment of Deferred tax asset of Rs. 0.023 Million and Loss on sale of fixed
assets of Rs. 0.016 Million. The company expects good business in future.
FORM 8
|
Corporate
identity number of the company |
U29290MH1994PTC079956 |
|
Name of the
company |
ARIHANT AUTO
TRADE PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
101, Grace Heights, 149, Alibhai Premji Marg, Grant Road (East),
Mumbai-400007, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of charge
holder |
Standard Chartered Bank, Ground Floor, Abhijeet-II, Mithakali Six
Roads, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Nature of
instrument creating charge |
Hypothecation
Agreement of Stock and Book Debts and Moveable Fixed Assets dated 16.01.2012 |
|
Date of
instrument Creating the charge |
16.01.2012 |
|
Amount secured by
the charge |
Rs.12.000
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 per bank's
sanction Extent and operation of the charge First Exclusive
Charge for Rs.12.000 Millions |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation
on(a) Exclusive first Charge on All the Stock in trade both present and
future consisting of Raw Material, Goods in Process and Finished Goods of
manufacturing and other merchandize (b) all the
present and future book debts, outstanding moneys receivables, claims and
bills (C) Moveable
Fixed Assets of the Company Hypothecation
Agreement Dated 16.01.2012 |
FIXED ASSETS
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Computer
·
Mobile
·
Air Conditioner
·
Excise 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. 53.77 |
|
|
1 |
Rs. 81.56 |
|
Euro |
1 |
Rs. 70.68 |
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 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.