MIRA INFORM REPORT
|
Report Date : |
20.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
INSPIRON ENGINEERING PRIVATE LIMITED (w.e.f. 07.03.2007) |
|
|
|
|
Formerly Known
As : |
A.T. E INDUSTRIES PRIVATE LIMITED (w.e.f. 07.03.2003) MOTEX ENGINEERING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 320, Near GIDC Odhav, Odhav Road, Ahmedabad–382415, Gujarat |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
15.10.1996 |
|
|
|
|
Com. Reg. No.: |
55-050337 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.110 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920GJ1996PTC050337 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMI00999F AHMM00497A |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Textile machine and machinery parts. |
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|
|
|
No. of Employees
: |
200 (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 790000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of “Pramol Trader Holding Private Limited”. It
is an established company having a satisfactory track record. The company has seen a continuous dip in its net profitability during
2013. However, the company is successful in paying a part of its external
borrowings. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered normal 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
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 |
CARE |
|
Rating |
SME : 2 |
|
Rating Explanation |
High credit quality and very low credit risk. |
|
Date |
8 September 2013 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Alpesh Patel |
|
Designation : |
Marketing Executive |
|
Contact No.: |
91-9725019356 |
|
Date : |
18.09.2013 |
LOCATIONS
|
Registered Office / Factory: |
Survey No. 320, Near GIDC Odhav, Odhav Road, Ahmedabad–382415,
Gujarat, India |
|
Tel. No.: |
91-79-30212000/30212061 |
|
Mobile No: |
91-9725019356 (Mr. Alpesh Patel) |
|
Fax No.: |
91-79-30212090 |
|
E-Mail : |
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|
Website: |
|
|
Location: |
Owned |
DIRECTORS
As on 15.05.2013
|
Name : |
Mr. Prakash Krishnalal Bhagwati |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
‘’Vatsalya”, Bhagwati Farms, behind Karnavati Club, |
|
Date of Birth/Age : |
30.08.1946 |
|
Date of Appointment : |
15.10.1996 |
|
Voter ID No.: |
GJ/10/068/048009 |
|
DIN No.: |
00094852 |
|
Name : |
Mr. Amol Prakash Bhagwati |
|
Designation : |
Managing Director |
|
Address : |
‘’Vatsalya”, Bhagwati Farms, behind Karnavati Club, |
|
Date of Birth/Age : |
05.08.1973 |
|
Date of Appointment : |
11.12.2002 |
|
DIN No.: |
00128350 |
|
Name : |
Ms. Radhika Amol Bhagwati |
|
Designation : |
Director |
|
Address : |
‘’Vatsalya”, Bhagwati Farms, behind Karnavati Club, |
|
Date of Birth/Age : |
27.06.1977 |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
01425422 |
KEY EXECUTIVES
|
Name : |
Mr. Alpesh Patel |
|
Designation : |
Marketing Executive |
|
|
|
|
Name : |
Parikh Dave and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
5-D, 5th Floor, Vardan Exclusive, Next to Vimal House, Near
Studium Petrol Pump, Navranpura, Ahmedabad – 380014, Gujarat, India |
|
Tel No.: |
91-79-26405454 |
|
Email:: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 15.05.2013
|
Names of Shareholders |
No. of Shares |
|
Pramol Traders Holdings Private Limited, |
9109999 |
|
Prakash Krishnalal Bhagwati Jointly with Mr. Amol Prakash Bhagwati (as
nominee of Pramol Traders Holdings Private Limited) |
1 |
|
TOTAL
|
9110000 |
Equity Share Break up (Percentage of Total Equity)
As on 15.05.2013
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Textile machine and machinery parts |
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Products : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Stenter Machine |
Nos. |
24 |
21 |
|
Light Aluminium Flyers |
Nos. |
180000 |
69888 |
|
Pressure Die Cast Components |
Nos. |
500000 |
362598 |
|
Dies and Moulds |
Nos. |
-- |
4 |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
The Karur Vysya
Bank,
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah and Shah Associates Chartered Accountants. |
|
Address : |
702, Aniket, Near. Municipal Market, Navrangpur, Ahmedabad. Gujarat -
380009 |
|
Tel. No.: |
91-79-26465433 |
|
Fax No.: |
91-79-26406983 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFS7036F |
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|
|
|
Holding Company : |
Pramol Traders Holdings Private Limited CIN – U67120HJ2006PTC047601 |
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Entities where control Exists : |
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Re.1/- each |
Rs. 35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9110000 |
Equity Shares |
Re.1/- each |
Rs. 9.110
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 |
9.110 |
9.110 |
9.110 |
|
(b) Reserves & Surplus |
188.325 |
170.087 |
121.721 |
|
(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) |
197.435 |
179.197 |
130.831 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
13.945 |
28.345 |
|
(b) Deferred tax liabilities (Net) |
12.704 |
12.158 |
10.802 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.428 |
0.000 |
0.763 |
|
Total Non-current
Liabilities (3) |
13.132 |
26.103 |
39.910 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
18.609 |
25.063 |
24.410 |
|
(b) Trade
payables |
73.712 |
59.920 |
83.853 |
|
(c) Other
current liabilities |
36.239 |
37.368 |
47.475 |
|
(d) Short-term
provisions |
5.866 |
5.378 |
5.649 |
|
Total Current
Liabilities (4) |
134.426 |
127.729 |
161.387 |
|
|
|
|
|
|
TOTAL |
344.993 |
333.029 |
332.128 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
151.762 |
155.835 |
147.943 |
|
(ii)
Intangible Assets |
3.053 |
3.914 |
3.767 |
|
(iii)
Capital work-in-progress |
0.356 |
1.504 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.387 |
2.279 |
1.366 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
157.558 |
163.532 |
153.076 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
115.607 |
92.833 |
98.154 |
|
(c) Trade
receivables |
52.084 |
44.808 |
60.427 |
|
(d) Cash
and cash equivalents |
3.837 |
9.177 |
1.725 |
|
(e)
Short-term loans and advances |
12.688 |
13.555 |
13.483 |
|
(f) Other
current assets |
3.219 |
9.124 |
6.263 |
|
Total
Current Assets |
187.435 |
169.497 |
180.052 |
|
|
|
|
|
|
TOTAL |
344.993 |
333.029 |
333.128 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
582.949 (Gross Income) |
596.396 (Gross Income) |
|
|
|
|
Other Income |
NA |
NA |
|
|
|
|
TOTAL (A) |
NA |
NA |
618.646 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
542.399 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
50.534 |
90.112 |
76.247 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.778 |
4.509 |
6.530 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
46.756 |
85.603 |
69.717 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
18.826 |
13.961 |
13.898 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
27.930 |
71.642 |
55.819 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.692 |
23.276 |
19.118 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
18.238 |
48.366 |
36.701 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
142.528 |
94.162 |
57.461 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
160.766 |
142.528 |
94.162 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
256.009 |
316.873 |
228.787 |
|
|
|
Design Service |
14.030 |
10.066 |
4.691 |
|
|
TOTAL EARNINGS |
270.039 |
326.939 |
233.478 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
32.531 |
20.901 |
29.816 |
|
|
|
Stores & Spares |
4.733 |
1.579 |
2.419 |
|
|
|
Plant and Machinery |
0.512 |
10.971 |
5.681 |
|
|
TOTAL IMPORTS |
37.776 |
33.451 |
37.916 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.00 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA |
5.93 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.79
|
12.01 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.99
|
21.61 |
16.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.40 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.09
|
0.22 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39
|
1.33 |
1.12 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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% |
-- |
|
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 |
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 |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS
During the year the company has registered the total income from sales
and service Rs. 582.949 Millions as compared to previous year total income of Rs.
596.396 Millions. The company has made profit before tax Rs.27.930 Millions
compared to previous year Rs. 71.642 Millions. Due to decrease in business,
unfavorable products mix and increase in fixed expenses, profit has gone down
substantially.
FUTURE OUTLOOK
With revival of textiles spinning and processing industry in certain
part of the country, company is expecting improvement in flyers and stenter
machine business. Company has comfortable order book position for flyers.
Company plans to put special efforts to increase precision engineered
components business during the coming period.
BUSINESS SEGMENT
|
Name of Segment |
Type of product and services |
|
Textile consumables and textile machinery |
Light Aluminum Flyers and stenter machines and its components |
|
Pressure die cast components |
Pressure die cast components |
|
Other |
Knowledge process outsourcing services |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Inter corporate deposit from the holding company |
0.000 |
13.915 |
|
Short-term
borrowings |
|
|
|
Current maturity of interoperate deposit from holding company |
9.789 |
14.400 |
|
|
|
|
|
Total |
9.789 |
28.315 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90159263 |
12/06/2009 * |
72,500,000.00 |
KARUR VYSYA BANK LIMITED |
SAKAR VII, B BLOCK, ASHRAM ROAD,
AHMEDABAD, GUJAR |
A64423890 |
Note: * Date of
charge modification
CONTINGENT LIABILITY NOT PROVIDED FOR
IN RESPECT OF: (AS ON 31.03.2013)
Guarantees
given by bank to third parties on behalf of the company for which counter
guarantees have been given by the company: Rs. 3.830 Millions, (Previous year
Rs. 1.200 Millions)
Disputed
Employee State Insurance contribution liability Rs. Nil (Previous Year Rs.
0.155 Million
Back
wages and reinstatement demand mode by certain dismissed contract workers -
pending adjudication: Rs.1.668 Millions (Previous Year Rs.1.668 Millions).
Disputed
liability Tor excise duty and penalty thereon aggregating to Rs.3.377 Millions
(Previous year Rs. 3.377 Millions).
Disputed
income tax liability for:
Assessment
Year 2005-06 Rs. 3.463 Millions/- (Previous year Rs.3.463 Millions) Assessment
Year 2005-07: Rs. 1.308 Millions (Previous year Rs.1.308 Millions).
FIXED ASSETS
- Freehold land
- Buildings
- Plants and Machinery
- Electrical installations and Fittings
- Furniture and fixture
- Office Equipments
- Computers and software
- Vehicles
- Technical Know-how fees
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.61.75 |
|
|
1 |
Rs.99.56 |
|
Euro |
1 |
Rs.83.55 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--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.