MIRA
INFORM REPORT
|
Report Date : |
24.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
ELAARS POOLS PRIVATE LIMITED |
|
|
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Registered
Office : |
Premier Plaza, Phase 2, Shop No. 6, Bombay-Pune
Highway, Chinchwad, Pune
- 411019, Maharashtra |
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|
Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
03.08.2006 |
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Com. Reg. No.: |
25-128844 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.500
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U45209PN2006PTC128844 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEE02075D |
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PAN No.: [Permanent Account No.] |
AABCE6571C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Ceramic Tiles, Filtration Equipments and
Residential Wooden Floorings. |
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|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 108900 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a satisfactory track record. Profit margin of the company reported to be decent. Overall
fundamental of the company appears to be sound and healthy. Trade relations are fair. Business is active. Payment terms are
usually 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.
INDIAN ECONOMIC OVERVIEW
India’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic
product. High imports of gold and oil led to a worsening of the traqde deficit, resulting in CAD jumping to $ 21.8 billion
to the latest quarter from $ 16.9 billion in the corresponding quarter of the
previous financial year. The government aims to bring down CAD to 3.7 % or $ 70
billion, in 2013/14, from 4.8 % or $ 88.2 billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the core
sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $
24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the spending
capacity in India. Over 72 % respondents from middle and lower middle income
families would be forced to slash their Diwali
expenditure by 40 % and on average spend nearly 25 % of their monthly salary on
Diwali, according to a survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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. Imran |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9673008221 |
|
Date : |
21.10.2013 |
LOCATIONS
|
Registered/
Corporate Office/ Factory : |
Premier Plaza, Phase 2, Shop No. 6, Bombay-Pune
Highway, Chinchwad, Pune
- 411 019, Maharashtra, India |
|
Tel No.: |
91-20-66114215/ 16 |
|
Mobile No.: |
91-9673008221 (Mr. Imran) |
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Fax No.; |
91-20-27400428/ 26614215 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
|
|
Regional Offices : |
Located at: · D-15, Ground Floor, S.S Complex, Kapurthala Road, Jalandar, Punjab, India No-25, MDM Road, Fazer Town,
Bangalore, Karnataka, India |
DIRECTORS
AS ON 22.09.2012
|
Name : |
Mr. Mehjabeen Liyakat
Shaikh |
|
Designation : |
Director |
|
Address : |
Plot No. 20, Sector No. 24, Pradhikaran, Nigdi, Pune - 411044, Maharashtra, India |
|
Date of Birth/Age : |
27.10.1964 |
|
Date of Appointment : |
03.08.2006 |
|
PAN No.: |
BAOPS8366L |
|
DIN No.: |
00394118 |
|
|
|
|
Name : |
Mr. Liyakat Abdul Razak
Shaikh |
|
Designation : |
Director |
|
Address : |
Plot No. 20, Sector No. 24, Pradhikaran, Nigdi, Pune - 411044, Maharashtra, India |
|
Date of Birth/Age : |
25.05.1962 |
|
Date of Appointment : |
03.08.2006 |
|
PAN No.: |
ABWPS7599F |
|
DIN No.: |
00205725 |
KEY EXECUTIVES
|
Name : |
Mr. Imran |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mehjabeen Liyakat Shaikh |
|
5000 |
|
Liyakat Abdulrazak Shaikh |
|
445000 |
|
|
|
|
|
Total |
|
450000 |
AS ON 22.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Ceramic Tiles, Filtration Equipments and
Residential Wooden Floorings. |
|
|
|
|
Imports : |
|
|
Products : |
Ceramics Tiles |
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Countries : |
v
Italy v
Spain v
Germany |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Florine Ceramics |
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Customers : |
Retailers v Amar Builders |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
v The Cosmos
Co-operative Bank Limited, Chinchwad Branch,
Premier Plaza, Mumbai – Pune Highway, Chinchwad, Pune - 411019, Maharashtra, India v HDFC Bank, Plot
No.1, Sector 27 A, PCNTDA, Pune – 411018, Maharashtra, India |
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Facilities : |
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_MIRA%2024-Oct-2013_files/image001.gif){kind=small}
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Chartered Accountants |
|
Address : |
Office No. 25, 1st Floor, B-Wing, Kamala Cross Roads,
Opposite PCMC, Pimpri, Pune
- 411018, Maharashtra, India |
|
Tel. No.: |
91-20-27425872/ 73 |
|
Fax No.: |
91-20-27425871 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
ABLFS5656G |
|
|
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|
Associates/Subsidiaries : |
v
Freewill
Infrastructure Private Limited Address : 67-15, Premier
Plaza, Phase II, Shop No. 6, Line of
Business: Sports Infrastructure v Summit Sports and Fitness Equipments Address : 67/15, 1st
Floor, G Block, MIDC, Chinchwad, Pune – 411019, Line of Business
:
Sports Equipment and Goods Supplier |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450000 |
Equity Shares |
Rs. 10/-
each |
Rs. 4.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.500 |
4.500 |
4.500 |
|
(b) Reserves & Surplus |
22.727 |
20.148 |
15.271 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
27.227 |
24.648 |
19.771 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.659 |
4.112 |
2.494 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.265 |
0.120 |
0.000 |
|
Total Non-current
Liabilities (3) |
4.924 |
4.232 |
2.494 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
19.083 |
11.873 |
6.847 |
|
(b)
Trade payables |
17.171 |
21.695 |
15.443 |
|
(c)
Other current liabilities |
4.057 |
2.089 |
1.728 |
|
(d) Short-term
provisions |
7.395 |
6.026 |
3.949 |
|
Total Current
Liabilities (4) |
47.706 |
41.683 |
27.967 |
|
|
|
|
|
|
TOTAL |
79.857 |
70.563 |
50.232 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.718 |
7.122 |
5.270 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.100 |
0.100 |
0.100 |
|
(c) Deferred tax assets (net) |
0.185 |
0.138 |
0.128 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
1.312 |
1.878 |
1.461 |
|
Total Non-Current
Assets |
9.315 |
9.238 |
6.959 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
31.508 |
29.043 |
22.075 |
|
(c)
Trade receivables |
30.041 |
24.198 |
12.768 |
|
(d) Cash
and cash equivalents |
2.065 |
1.817 |
1.860 |
|
(e)
Short-term loans and advances |
5.828 |
5.227 |
5.462 |
|
(f)
Other current assets |
1.100 |
1.040 |
1.108 |
|
Total
Current Assets |
70.542 |
61.325 |
43.273 |
|
|
|
|
|
|
TOTAL |
79.857 |
70.563 |
50.232 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
68.071 |
82.371 |
|
|
|
|
Other Income |
0.174 |
0.575 |
|
|
|
|
TOTAL (A) |
68.245 |
82.946 |
75.993 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
39.782 |
55.218 |
|
|
|
|
Changes in inventories and work in
progress |
(1.180) |
(2.123) |
|
|
|
|
Employee benefit Expenses |
9.344 |
6.753 |
|
|
|
|
Other Expenses |
12.364 |
12.913 |
|
|
|
|
TOTAL (B) |
60.310 |
72.761 |
67.818 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
7.935 |
10.185 |
8.175 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.702 |
1.887 |
0.772 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.233 |
8.298 |
7.403 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.321 |
1.091 |
0.779 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.912 |
7.207 |
6.624 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.333 |
2.330 |
2.183 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.579 |
4.877 |
4.441 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.73 |
10.84 |
9.87 |
|
_MIRA%2024-Oct-2013_files/image002.gif){kind=small}
_MIRA%2024-Oct-2013_files/image003.gif){kind=small}
Expected Sales (2013-2014): Rs. 100.000
Millions
The above information has been parted by Mr. Imran
(Accounts Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.78
|
5.88
|
5.84 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.75
|
8.75 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.92
|
10.25
|
13.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.29
|
0.34 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.87
|
0.65
|
0.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48
|
1.47
|
1.55 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
|
Particulars |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
31.03.2011 (Rs. In Millions) |
|
Current
maturities of long term debt |
|
|
|
|
|
|
0.140 |
0.000 |
|
Vehicle Loans |
|
0.319 |
0.502 |
|
|
|
|
|
|
Total |
NA
|
0.459 |
0.502 |
_MIRA%2024-Oct-2013_files/image004.gif){kind=small}
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
Yes |
|
14] |
Estimation for coming financial
year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10389271 |
05/11/2012 |
2,500,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270, SHANIWAR
PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B63078802 |
|
2 |
10372267 |
31/07/2012 |
900,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B56294267 |
|
3 |
10346575 |
15/03/2012 |
2,500,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B36667772 |
|
4 |
10323339 |
25/11/2011 |
650,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B27945542 |
|
5 |
10306742 |
30/08/2011 |
940,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B20754198 |
|
6 |
10275623 |
07/03/2011 |
535,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B09072513 |
|
7 |
10268040 |
27/01/2011 |
200,000.00 |
THE COSMOS CO-OPERATIVE
BANK LIMITED (CHINCHWAD BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B07013337 |
|
8 |
10200314 |
04/07/2009 |
465,000.00 |
THE COSMOS CO-OP
BANK LIMITED |
CHINCHWAD BRANCH,
PREMIER PLAZA, MUMBAI-PUNE ROAD, CHINCHWAD STATION, PUNE - 411019,
MAHARASHTRA, INDIA |
A69699023 |
|
9 |
10113419 |
05/01/2013 * |
25,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (CHINCHWAD BRANCH) |
269/270, SHANIWAR
PETH, PUNE - 411030, MAHARASHTRA, INDIA |
B66112590 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs. In Millions) |
31.03.2012 (Rs. In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors, their Relatives and
Shareholders |
NA |
2.563 |
|
|
|
|
|
Total |
NA
|
2.563 |
TRADE REFERENCES:
v Florine Ceramics
v Amar Builders
FIXED ASSETS:
· Office
Machinery
Electrical
Installation
Furniture
and Fixture
Computer
and Peripherals
Office
Equipments
Vehicles
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 records 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. 61.53 |
|
|
1 |
Rs. 99.75 |
|
Euro |
1 |
Rs. 84.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.