|
Report Date : |
16.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
AMBER METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2, M D Road, 4th Floor, Room No.7, Kolkata – 700007, West
Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
26.05.2005 |
|
|
|
|
Com. Reg. No.: |
103344 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.325 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27106WB2005PTC103344 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Wielding Accessories |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 38860 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company appears to be low. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. 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.
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 |
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. Santosh Sharma |
|
Designation : |
Director |
|
Contact No.: |
91-9330742378 |
|
Date : |
21.02.2013 |
LOCATIONS
|
Registered Office : |
2, M D Road, 4th Floor, Room No.7, Kolkata – 700007, West
Bengal, India |
|
Tel. No.: |
91-321-2230667 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
100sq.fts |
|
Location : |
Rented |
|
|
|
|
Factory 1 : |
Monber, P.O. Mrigala, P.S.Dankuni, Hoogly – 712311, West Bengal,
India |
|
Area : |
220sq.fts |
|
Location : |
Owned |
DIRECTORS
AS ON 26.09.2012
|
Name : |
Mr. Santosh Sharma |
|
Designation : |
Director |
|
Address : |
10 / 12 / 2 Sitanath Boselane, Howrah – 711106, West
Bengal, India |
|
Date of Birth/Age : |
01.02.1979 |
|
Date of Appointment : |
10.01.2007 |
|
DIN No.: |
00990557 |
|
|
|
|
Name : |
Mr. Sanjay Sharma |
|
Designation : |
Director |
|
Address : |
10 / 12 / 2 Sitanath Boselane, Howrah – 711106, West
Bengal, India |
|
Date of Birth/Age : |
18.06.1973 |
|
Date of Appointment : |
10.01.2007 |
|
DIN No.: |
00990111 |
|
|
|
|
Name : |
Mr. Ajay Sharma |
|
Designation : |
Director |
|
Address : |
10 / 12 / 2 Sitanath Boselane, Howrah – 711106, West
Bengal, India |
|
Date of Birth/Age : |
03.08.1976 |
|
Date of Appointment : |
10.01.2007 |
|
DIN No.: |
00990197 |
|
|
|
|
Name : |
Mr. Sheodhari Sharma |
|
Designation : |
Director |
|
Address : |
10 / 12 / 2 Sitanath Boselane, Howrah – 711106, West
Bengal, India |
|
Date of Birth/Age : |
12.03.1957 |
|
Date of Appointment : |
31.01.2009 |
|
DIN No.: |
02483818 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Santosh Sharma |
|
154000 |
|
Sunita Sharma |
|
161500 |
|
Shiwdhari Sharma and Sons (HUF) |
|
133500 |
|
Sanjay Sharma (HUF) |
|
115000 |
|
Ajay Sharma |
|
216000 |
|
I P Devi |
|
1700 |
|
Sanjay Sharma |
|
29300 |
|
Suresh Sharma and Sons (HUF) |
|
50000 |
|
Pramod Kumar Lohia |
|
10000 |
|
Laxmi Lohia |
|
20000 |
|
Sweta Sharma |
|
30000 |
|
Shiw Dhari Sharma |
|
11500 |
|
Total |
|
932500 |
AS ON 26.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Wielding Accessories |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Maa Kali Ropes and Tyres, Kolkata |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
Bank of Baroda, India Exchange Branch, 4, India Exchange Place,
Kolkata - 700001, West Bengal, India |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
Cash Credit – Rs.10.000 Millions Term Loan – Rs.15.000 Millions
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S K Bhartia and Associates Chartered Accountant |
|
Address : |
39 Strand Road Kolkata 700001 West Bengal, India |
|
|
|
|
Associates/Subsidiaries : |
NA |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
932500 |
Equity Shares |
Rs.10/- |
Rs.9.325 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 |
9.325 |
9.325 |
9.325 |
|
|
2] Share Application Money |
0.200 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.190 |
0.074 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.015) |
|
|
NETWORTH |
9.715 |
9.399 |
9.310 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
8.768 |
9.385 |
3.985 |
|
|
2] Unsecured Loans |
4.519 |
1.019 |
0.609 |
|
|
TOTAL BORROWING |
13.287 |
10.404 |
4.594 |
|
|
DEFERRED TAX LIABILITIES |
0.183 |
0.004 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
23.185 |
19.807 |
13.904 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
12.763 |
14.232 |
11.693 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.221 |
0.207 |
0.598 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.190
|
5.493 |
0.000 |
|
|
Sundry Debtors |
5.174
|
3.991 |
0.000 |
|
|
Cash & Bank Balances |
0.424
|
0.296 |
1.286 |
|
|
Other Current Assets |
0.095
|
0.123 |
0.000 |
|
|
Loans & Advances |
1.106
|
0.791 |
0.210 |
|
Total
Current Assets |
15.989
|
10.694 |
1.496 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.698
|
4.728 |
0.019 |
|
|
Other Current Liabilities |
0.999
|
0.577 |
0.000 |
|
|
Provisions |
0.091
|
0.021 |
0.000 |
|
Total
Current Liabilities |
5.788
|
5.326 |
0.019 |
|
|
Net Current Assets |
10.201
|
5.368 |
1.477 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.136 |
|
|
|
|
|
|
|
|
TOTAL |
23.185 |
19.807 |
13.904 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
25.868 |
11.895 |
0.000 |
|
|
|
Other Income |
0.519 |
0.016 |
0.002 |
|
|
|
TOTAL (A) |
26.387 |
11.911 |
0.002 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
17.392 |
12.232 |
0.000 |
|
|
|
Trading Purchases |
7.777 |
0.000 |
0.000 |
|
|
|
Payment and Benefit Employees |
0.255 |
0.146 |
0.000 |
|
|
|
Administrative Expenses and Other Expenses |
0.164 |
0.063 |
0.010 |
|
|
|
Increases / (Decreases) In Stock |
(2.360) |
(2.062) |
0.000 |
|
|
|
TOTAL (B) |
23.228 |
10.379 |
0.010 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.159 |
1.532 |
(0.008) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.277 |
0.515 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.882 |
1.017 |
(0.008) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
1.514 |
0.900 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
0.368 |
0.117 |
(0.008) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
0.252 |
0.028 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
0.116 |
0.089 |
(0.008) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.074 |
(0.015) |
(0.007) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.190 |
0.074 |
(0.015) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.12 |
0.10 |
-- |
|
Expected Sales (2012-2013) : Rs.35.000 Millions
The above information has been parted by Mr. Santosh Sharma (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.44
|
0.75 |
(400.00) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.42
|
0.98 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.28
|
0.47 |
(0.05) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.01 |
(0.00) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.36
|
1.11 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.76
|
2.01 |
78.74 |
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
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 |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U27106WB2005PTC103344 |
|
Name of the
company |
AMBER METALS PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
2, M.D. Road, 4th
Floor Room No. 7, Kolkata 700007, West
Bengal, India |
|
This form is for |
Creation
of Charge |
|
Type of charge |
Immovable
property Ship Book debts Movable property Others |
|
Particular of
charge holder |
BANK OF BARODA |
|
Nature of
instrument creating charge |
Instrument of
Hypothecation of Goods Instrument of
Hypothecation of Book-Debts Instrument of
Hypothecation of Movable Machinery Memorandum of
Entry |
|
Date of
instrument Creating the charge |
25/01/2010 |
|
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 Interest and
other charges will be paid as per terms and conditions of Sanction Letter,
presently for CC and TL - 0.75% below BPLR i.e. 11.25% p.a.w.m.r , however
the rate of interest is subject to change. Terms of
Repayment The working
capital limit ( Rs. 6.000 Millions by way of Cash Credit and Rs. 1.000
Million by way of BG) is repayable on
demand whereas the term loan (Rs. 7.000 Millions) shall be repaid in 60
monthly installments of Rs. 0.100 Million each commencing from April, 2010.
Interest to be serviced separately as
and when charged. Margin The borrower
shall maintain appropriate margin as stipulated in the sanction terms ,
however the same is subject to change from time to time. Presently the
applicable margin is CC:- 25% on Stock
and Book-debts BG:- 20% in the
form of FDR TL:- 55% of the
Project Cost Extent and
Operation of the charge The security
created under said Agreement shall operate as continuing security and by way
of first charge. The charged
assets property be kept at the Company risk and expense in good condition and
fully insured against loss or damage by fire, lighting or explosion or theft
and also against loss or damage by riot and civil commotion etc. as may be
required by the Bank in the joint names of the Bank and the Company. Others The Company
hereby declares that all the charged property now existing are absolute
property of and at the sole disposal of the Company and free from any prior
charge or encumbrance and undertakes that all future property shall like wise
be the unencumbered and absolute and disposable property of the Company. Other terms and
conditions are as per terms and conditions of above referred Agreement,
Memorandum of Entry and Sanction Letter of the bank. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
The borrower
Company hereby hypo. and charges by way of 1st charge a) all stocks of RM, WIP and FG and stores and spares now being and lying in the Borrower's Factory
at Village: Ramkrishnabati, P.O.Mrigala,
Mouza-Monber, Dankuni, Dist.- Hooghly, W.B. or any where else b) all the
book-debts and receivables etc c) all movable
machinery and other Fixed Assets of the Co both present and
future d) The Co.
created equitable mortgage by deposit
of title deeds in respect of property all that piece and parcel of
Non-Agricultural Land admeasuring 2 Bighas 36 Sq. Ft. ( converted to Factory) situated at
mouza- Manbar, P.S - Dankuni, P.O. Mrigala, J.L. No. 101, L.R. Khatian No.
2217, ( R.S. Khatian No. 978, 611), Dag Nos. 1060, 1083,1084,1085,1087,1088
together with all building and
structures standing thereon and also P&M fastened to earth both present
and future Title deed No.
I-319 dated 23.01.2007 registered at Mouza Manber, PS-Dankuni, PO Mrigala,
Dist. Hooghly , W.B. |
FIXED ASSETS:
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.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
27 |
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.