MIRA
INFORM REPORT
|
Report Date : |
05.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
ALUFIT (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Brigade Gateway, WTC, No.N-2101 and No.S-2102, 21st Floor, No.26,
Rajaji Nagar Extension, Bangalore – 560055, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.08.1991 |
|
|
|
|
Com. Reg. No.: |
08-012197 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27203KA1991PTC012197 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRA02052B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA1923G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Seller and Dealers of Aluminium
Architectural Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an well established company having a satisfactory track
record. Financially company seems to be performing well. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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
We are living in a world
where volatility and uncertainty have become the New Normal. We saw a
change of government in countries like Tunisia, Egypt, Libya and Vietnam. Once
powerful countries in Europe are now fighting for bankruptcy. We have
taken growth in the developing part of the world for granted but economic
growth in China and India has begun to slow. Companies that were synonymous
with their product categories just a few years ago are now no longer in
existence. Kodak, the inventor of the digital camera had to wind up its
operations, HMV, the British entertainment retailing company and Borders, once
the second largest bookstore have shut down due to their inability to evolve
their business models with the changing time. Readers’ Digest, Thomson Register
are no more !
There is another
megatrend happening. The World order is changing as economic power shifts from
West to East. According to McKinsey study, it took Britain more than 100 years
to double its economic output per person during its industrial revolution and the
US later took more than 50 years to do the same. More than a century later,
China and India have doubled their GDP per capital in 12 and 18 years
respectively. By 2020, emerging Asia will become the world’s largest consuming
block, overtaking North America.
The years after the
outbreak of the global financial crisis, the world economy continues to remain
fragile. The Indian economy demonstrated remarkable resilience in the initial
years of the contagion but finally lost ground last year. GDP growth slowed
down. Currency has been weakening. There is a marked deceleration in
agriculture, industry and services. Dampening sentiment led to a cut-back in
investment as well as private consumption expenditure. Inflation remained
at high levels fuelled by the pressure from the food and fuel sectors. The
large fiscal and current account deficit s continued to cause grave concern. It
is imperative that India regains its growth trajectory of 8-9 % sooner than
later. This is crucially important given the need to create gainful livelihood
opportunities for the millions living in poverty as also the large contingent
of young people joining the job market every year.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit = BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation |
|
Date |
July, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office : |
Brigade Gateway, WTC, No.N-2101 and No.S-2102, 21st Floor, No.26,
Rajaji Nagar Extension, Bangalore – 560055, Karnataka, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Embassy Diamante, 34, |
|
Tel. No.: |
91-80-40261800 |
|
Fax No.: |
91-80-41233664 |
|
|
|
|
Factory : |
17A, Phase II, Peenya Industrial Area, |
|
Tel. No.: |
91-80-28371956 / 57 / 28370799 |
|
Fax No.: |
91-80-28390483 |
DIRECTORS
As on 25.08.2012
|
Name : |
Mr. Pankaj Keswani |
|
Designation : |
Managing Director |
|
Address : |
201, Camelot, 4th |
|
Date of Birth/Age : |
10.04.1960 |
|
Qualification : |
Master of Business Administration |
|
Date of Appointment : |
01.08.1991 |
|
DIN No.: |
00139842 |
|
PAN No.: |
AEHPK9891C |
|
|
|
|
Name : |
Mrs. Vyjayanthi Keswani |
|
Designation : |
Director |
|
Address : |
201, Camelot, 4th |
|
Date of Birth/Age : |
03.04.1960 |
|
Qualification : |
Bachelor of Engineering |
|
Date of Appointment : |
01.08.1991 |
|
DIN No.: |
00140249 |
|
PAN No.: |
ACQPK0367C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.08.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pankaj Keswani |
|
323000 |
|
Vyjayanthi Keswani |
|
77000 |
|
Total |
|
400000 |
As on 25.08.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Seller and Dealers of Aluminium
Architectural Products. |
||||||||
|
|
|
||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
·
The Hong Kong and Shanghai Banking Corporation Limited,
No.7, Mahatma Gandhi Road, Bangalore-560001, Karnataka, India ·
Corporation
Bank, Industrial Finance Branch, Rallaram Building, No.30, Mission Road,
Bangalore – 560027, Karnataka, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Raja Gopal and Badri Narayanan Chartered Accountants |
|
Address : |
No. 25, Padmashree Mansions, II Floor, I Cross, Sampige Road,
Malleswaram, Bangalore-560003, Karnataka, India |
|
Tel. No.: |
91-80-23440987 / 23310811 / 23313911 |
|
Fax No.: |
91-80-23313666 |
|
E-Mail : |
|
|
PAN No.: |
AAFPN1707L |
|
|
|
|
Associate : |
· Fairdeal Tradecon Private Limited · Nuwud Vincom Private Limited |
|
|
|
|
Subsidiary Company
: |
Alufit, Malaysia |
CAPITAL STRUCTURE
As on 25.08.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- 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 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4.000 |
4.000 |
|
(b) Reserves & Surplus |
|
665.897 |
570.226 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
669.897 |
574.226 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
153.381 |
411.400 |
|
(b) Deferred tax liabilities (Net) |
|
5.104 |
6.468 |
|
(c) Other long term liabilities |
|
2.284 |
3.806 |
|
(d) long-term provisions |
|
4.211 |
4.698 |
|
Total Non-current Liabilities (3) |
|
164.980 |
426.372 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
217.162 |
289.496 |
|
(b) Trade payables |
|
390.802 |
524.061 |
|
(c) Other current
liabilities |
|
14.304 |
16.587 |
|
(d) Short-term provisions |
|
18.820 |
0.338 |
|
Total Current Liabilities (4) |
|
641.088 |
830.482 |
|
|
|
|
|
|
TOTAL |
|
1475.965 |
1831.080 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
435.985 |
793.765 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible
assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
349.130 |
29.471 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
63.000 |
72.497 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
848.115 |
895.733 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
93.119 |
274.867 |
|
(c) Trade receivables |
|
422.067 |
546.915 |
|
(d) Cash and cash
equivalents |
|
61.883 |
70.923 |
|
(e) Short-term loans and
advances |
|
50.781 |
42.642 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
627.850 |
935.347 |
|
|
|
|
|
|
TOTAL |
|
1475.965 |
1831.080 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
4.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
330.127 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
334.127 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
660.927 |
|
|
2] Unsecured Loans |
|
|
56.652 |
|
|
TOTAL BORROWING |
|
|
717.579 |
|
|
DEFERRED TAX LIABILITIES |
|
|
8.865 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1060.571 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
517.858 |
|
|
Capital work-in-progress |
|
|
18.741 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
30.150 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
179.573 |
|
|
Sundry Debtors |
|
|
518.422 |
|
|
Cash & Bank Balances |
|
|
64.460 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
168.400 |
|
Total
Current Assets |
|
|
930.855 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
296.628 |
|
|
Other Current Liabilities |
|
|
34.827 |
|
|
Provisions |
|
|
5.578 |
|
Total
Current Liabilities |
|
|
437.033 |
|
|
Net Current Assets |
|
|
493.822 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1060.571 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
1092.875 |
990.620 |
1178.447 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1092.875 |
990.620 |
1178.447 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
819.311 |
921.268 |
992.380 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
819.311 |
921.268 |
992.380 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
273.564 |
69.352 |
186.067 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
56.662 |
51.082 |
108.509 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
216.902 |
18.270 |
77.558 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
9.069 |
9.173 |
67.699 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
150.080 |
7.294 |
9.859 |
|
|
|
|
|
|
|
|
|
|
TAX |
21.722 |
2.397 |
(1.199) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
95.671 |
(49.018) |
11.058 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
239.18 |
(122.55) |
24.65 |
|
%20PRIVATE%20LIMITED%20-%20234438%2005-Sep-2013_files/image001.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20234438%2005-Sep-2013_files/image002.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
8.75
|
(4.95) |
0.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.32
|
0.40 |
0.68 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22
|
0.01 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55
|
1.22 |
2.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98
|
1.13 |
2.13 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
Note:
The registered office of the company has been shifted from Brigade Court,
No.111, 5th Block, Koramangala, Bangalore-560095, Karnataka, India
to Embassy Diamante, 34, Vittal Mallya Road, Bangalore - 560001,
Karnataka, India w.e.f. 27.06.2011
The Registered Office of the company has been again shifted from Embassy
Diamante, 34, Vittal Mallya Road, Bangalore - 560001, Karnataka, India to the
present address w.e.f. 31.12.2011
FINANCIAL RESULTS
The Directors report that during the year the Company has earned a total income of Rs. 1092.875 Millions as against Rs. 990.620 Millions, which is 10.32% more than the corresponding previous year. The Directors are taking all possible steps to increase the turnover of the Company during the current year.
EXTRUSION BUSINESS
The Directors report that pursuant to the agreement entered with SAPA Profiles Private Limited whereby the Company agreed to sell all the assets related to its aluminum extrusion business situated at its Plant in Kuppam, the Company has completed the transaction during the financial year 2011-12 and all the post sale regulations and statutory compliances have been duly met with.
CONTINGENT
LIABILITIES:
i) Amount of Counter Guarantees to Bank in respect of Guarantees issued by them on behalf of the Company Rs. 2237.21 Lakhs (P.Y: 1208.28 Lakhs)
ii) Letter of Credit opened on suppliers Rs.584.50 Lakhs (P.Y. 1360.99 Lakhs)
UNSECURED LOAN
Rs. In Millions
|
Payments |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term
borrowings |
|
|
|
Rupee term loans from banks |
51.412 |
0.884 |
|
Rupee term loans from others |
18.031 |
39.776 |
|
Loans and advances from directors |
48.361 |
11.188 |
|
Loans and advances from others |
35.577 |
26.729 |
|
Total |
153.381 |
78.577 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10260137 |
28/12/2010 |
30,000,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE BRANCH, RALLARAM BUILDING, NO.30, MISSION ROAD, BANGALORE – 560027, KARNATAKA, INDIA |
B02547974 |
|
2 |
10057714 |
24/01/2008 * |
250,000,000.00 |
ICICI BANK LIMITED |
ICICI BANK TOWERS, NO.1, COMMISSARIAT ROAD, BANGALORE, KARNATAKA - 560025, INDIA |
A35099993 |
|
3 |
80012692 |
20/03/2013 * |
635,000,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE BRANCH, RALLARAM BUILDING, NO.30, MISSION ROAD, BANGALORE – 560027, KARNATAKA, INDIA |
B71459556 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Computer
- Furniture and Fixtures
- Air Conditioner
- D G Set
- Electrical Installation
- 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 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.67.03 |
|
|
1 |
Rs.104.32 |
|
Euro |
1 |
Rs.88.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.