|
Report Date : |
22.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ARISTO CERAMIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S No.149/P1, Near Whitecity, Taluka Morbi, Pipli-363642, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
14.05.2010 |
|
|
|
|
Com. Reg. No.: |
04-060712 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 14.054 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26933GJ2010PTC060712 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Ceramic Tiles, Digital Wall Tiles, Digital Ceramic
Wall Tiles. |
|
|
|
|
No. of Employees
: |
95 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 92000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The
company has recently commenced its commercial operation in the financial year
2011-12. However, it has incurred a loss in during the current year. Trade
relations are reported to be improving. Business is active. Payments are reported to be slow. 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 |
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. Ajay Patel |
|
Designation : |
Marketing Head |
|
Contact No.: |
91-9925145296 |
|
Date : |
26.02.2013 |
LOCATIONS
|
Registered Office : |
S No.149/P1, Near Whitecity, Taluka Morbi, Pipli-363642, Gujarat,
India |
|
Tel. No.: |
91-2822-294449 |
|
Mobile No.: |
91-9925145296 (Mr. Ajay Patel) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
300 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Corporate Office / Factory : |
At Pipali, Jetpur Road, Behind Manish Weight Bridge, Morbi-363642,
Gujarat, India |
|
Area : |
2000 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Vijaykumar Gordhanbhai Patel |
|
Designation : |
Director |
|
Address : |
At Dudhrej, Talika Wadhwan, Surendranagar-363001, India |
|
Date of Birth/Age : |
16.12.1983 |
|
Date of Appointment : |
14.05.2010 |
|
DIN No.: |
01997022 |
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 |
U26914GJ2008PTC052753 |
SHUBH
TILES PRIVATE LIMITED |
Director |
28/01/2008 |
28/01/2008 |
01/04/2010 |
Active |
NO |
|
2 |
U26933GJ2010PTC060712 |
ARISTO
CERAMIC PRIVATE LIMITED |
Director |
14/05/2010 |
14/05/2010 |
- |
Active |
NO |
|
Name : |
Mr. Trikambhai Ishvarbhai Patel |
|
Designation : |
Director |
|
Address : |
At Sajanpur, Taluka Dhrangadhra, District Surendranagar-363310, India |
|
Date of Birth/Age : |
07.08.1958 |
|
Date of Appointment : |
14.05.2010 |
|
DIN No.: |
02119064 |
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 |
U26914GJ2008PTC052753 |
SHUBH
TILES PRIVATE LIMITED |
Director |
01/04/2008 |
01/04/2008 |
01/04/2010 |
Active |
NO |
|
2 |
U26933GJ2010PTC060712 |
ARISTO
CERAMIC PRIVATE LIMITED |
Director |
14/05/2010 |
14/05/2010 |
- |
Active |
NO |
|
Name : |
Mr. Gridharlal Keraliya Natvarbhai |
|
Designation : |
Director |
|
Address : |
At Malod, Taluka Wadhwan, District Surendranagar-363020, India |
|
Date of Birth/Age : |
25.12.1962 |
|
Date of Appointment : |
14.05.2010 |
|
DIN No.: |
02152413 |
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 |
U26914GJ2008PTC052753 |
SHUBH
TILES PRIVATE LIMITED |
Director |
07/07/2008 |
07/07/2008 |
07/05/2009 |
Active |
NO |
|
2 |
U26933GJ2010PTC060712 |
ARISTO
CERAMIC PRIVATE LIMITED |
Director |
14/05/2010 |
14/05/2010 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Ajay Patel |
|
Designation : |
Marketing Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Trikambhai Ishvarbhai Patel |
313160 |
|
Rajeshbhai Kanjibhai Kasodiya |
71275 |
|
Ajaybhai Gordhanbhai Patel |
56731 |
|
Sanjaybhai Damodarbhai Patel |
62100 |
|
Girdharbhai Natvarbhai Keraliya |
68350 |
|
Maheshbhai Manjibhai Daslaniya |
600 |
|
Ashvinbhai Vasudevbhai Patel |
600 |
|
Damodarbhai Ishwarbhai Patel |
116350 |
|
Samtaben Damodarbhai Patel |
38647 |
|
Pravinbhai Trilambhai Patel |
124500 |
|
Rajnibhai Damodarbhai Patel |
65000 |
|
Ishearbhai Pitamberbhai Patel |
122310 |
|
Vasuben Ishwarbhai Patel |
5000 |
|
Kanjibhai Shivabhai Kasodiya |
39200 |
|
Gordhanbhai Kanjibhai Kasodiya |
115000 |
|
Ansoyaben Gordhanbhai Kasodiya |
17350 |
|
Bhavnaben Ghanshyambhai Kasodiya |
10000 |
|
Harikrushna Girdharbhai Keraliya |
20000 |
|
Sonalben Harikrushna Keraliya |
22500 |
|
Samtaben Girdharbhai Keraliya |
25500 |
|
Vijaykumar Gordhanbhai Patel |
95000 |
|
Nitaben Rajeshbhai Kasodiya |
9000 |
|
Bhavanben Pravinbhai Patel |
7250 |
|
TOTAL
|
1405423 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Ceramic Tiles, Digital Wall Tiles, Digital Ceramic
Wall Tiles. |
|
|
|
|
Products : |
Ceramic Products |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
|
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|
Customers : |
End Users
|
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|
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No. of Employees : |
95 (Approximately) |
|||||||||||||||||||||||||||
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|
Bankers : |
|
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
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Facilities : |
|
|||||||||||||||||||||||||||
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|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D G Hadiyal and Associates Chartered Accountant |
|
Address : |
Galxy Complex, 1st Floor, Opposite K K Steel, Sanala Road,
Morbi-363641, Gujarat, India |
|
Mobile No.: |
91-9925611652 |
|
PAN No.: |
ABYPH8833R |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1405423 |
Equity Shares |
Rs.10/- each |
Rs. 14.054
Millions |
|
|
|
|
|
AS ON 29.09.2012
Authorised Capital : Rs. 19.000
Millions
Issued, Subscribed & Paid-up Capital : Rs. 17.554 Millions
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
14.054 |
0.300 |
|
|
2] Share Application Money |
|
0.000 |
25.226 |
|
|
3] Reserves & Surplus |
|
9.010 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
23.064 |
25.526 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
39.045 |
0.000 |
|
|
2] Unsecured Loans |
|
15.739 |
16.842 |
|
|
TOTAL BORROWING |
|
54.784 |
16.842 |
|
|
DEFERRED TAX LIABILITIES |
|
0.627 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
78.475 |
42.368 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
54.780 |
41.143 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
27.306 |
0.232 |
|
|
Sundry Debtors |
|
18.146 |
0.000 |
|
|
Cash & Bank Balances |
|
1.379 |
1.524 |
|
|
Other Current Assets |
|
3.663 |
7.124 |
|
|
Loans & Advances |
|
0.094 |
0.274 |
|
Total
Current Assets |
|
50.588 |
9.154 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
19.613 |
7.831 |
|
|
Other Current Liabilities |
|
5.819 |
0.083 |
|
|
Provisions |
|
1.461 |
0.015 |
|
Total
Current Liabilities |
|
26.893 |
7.929 |
|
|
Net Current Assets |
|
23.695 |
1.225 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
78.475 |
42.368 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
57.072 |
|
|
|
Other Income |
|
|
0.255 |
|
|
|
TOTAL |
|
|
57.327 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
|
(4.118) |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION |
|
|
6.147 |
|
|
|
|
|
|
|
|
|
|
TAX |
|
|
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
|
(4.744) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
(3.38) |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
(8.28) |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
(7.22) |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(3.91) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.18) |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
2.38 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.88 |
1.15 |
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
one years |
Yes |
|
12] |
Profitability for last
one 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 |
Yes |
|
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 |
----- |
|
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 |
|
|
|
Loans and advances from Related Parties |
|
|
|
From Directors |
2.358 |
0.754 |
|
From Others |
13.381 |
16.088 |
|
|
|
|
|
TOTAL |
15.739 |
16.842 |
|
NOTES Long Term
Borrowings Unsecured loans form
directors and shareholders are repayable on demand and without any interest obligation
in general unless written request received from depositor in that respect
before the end of financial year. Besides, the management also believes these
deposits are not required to be repaid in the next 12 months accordingly the
same has been classified as long term borrowings. |
||
COMPANY
PERFORMANCE
During the year 2011-12, the Company reported a loss after tax of Rs.
4.744 Millions. The operating revenue is Rs. 57.327 Millions.
FORM 8
|
Corporate
identity number of the company |
U26933GJ2010PTC060712 |
|
Name of the
company |
ARISTO CERAMIC
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
S No.149/P1, Near Whitecity, Taluka Morbi, Pipli-363642, Gujarat, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10289154 |
|
Type of charge |
|
|
Particular of
charge holder |
Small Industries Development Bank of India, 1st Floor, Nirmal, 7, Ramakrishnanagar Corner, Opposite Commissioner Bungloww, Off Yagnik, Road, Rajkot-360001, Gujarat, India |
|
Nature of
instrument creating charge |
1) Deed of
Hypothecation 2) Memorandum of
Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
20.07.2012 |
|
Amount secured by
the charge |
Rs. 53.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As per Sanction by
the Bank Terms of repayment As per Sanction
by the Bank Margin As per Sanction
by the Bank Extent and operation of the charge First Charge of
the Bank by way of Movable and Immovable Properties of the Company |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
all the movable including, plant, machinery, machinery spares, tools and
accessories, office accessories, office equipments, computers, furniture’s
and fixtures Equitable Mortgage
of all that piece and parcles of the property Factory land and building
situated at S. No. 149p1/p3, Vill. Pipli, Taluka Morbi |
|
Particulars of
the present modification |
The Bank has
enhanced Bank Guarantee Facility of Rs. 1.000 Million, by making total
aggregating limit of Rs. 53.500 Millions upon movable and immovable
properties of the Company at S. No. 149/P1/P3, vill. Pipli, Taluka Morbi |
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. 54.28 |
|
|
1 |
Rs. 82.05 |
|
Euro |
1 |
Rs. 70.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
2 |
|
--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 |
|
28 |
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.