|
Report Date : |
21.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
AACESS TOUGH DOORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 19, First Floor, Sancharapuri Colony, Phase – 1, New Bowen
Pally, Secunderabad – 500011, Andhra Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.04.2006 |
|
|
|
|
Com. Reg. No.: |
01-049746 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20221AP2006PTC049746 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDA09438C |
|
|
|
|
IEC No.: |
0906012457 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCA6757M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Exporter of Metal Doors and Windows. |
|
|
|
|
No. of Employees
: |
35 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established having a moderate track record. They appear
huge accumulated losses recorded by the company. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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.
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. Abdul Shariqh Muhammad |
|
Designation : |
Director |
|
Contact No.: |
91-9959692225 |
|
Date : |
04.09.2013 |
LOCATIONS
|
Registered Office : |
Plot No. 19, First Floor, Sancharapuri Colony, Phase – 1, New Bowen
Pally, Secunderabad – 500011, Andhra Pradesh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9959692225 (Mr. Abdul Shariqh Muhammad) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
SY. No: 424, NH - 44, Kalakal, Toopran Mandal, District Medak – 502336
Andhra Pradesh, India |
|
Tel. No.: |
91-8454-250055 |
|
Fax No.: |
91-8454-250044 |
|
|
|
|
Branch Office: |
Plot No. B/8 and 9/1, IDA, Kukatpally, Gandhi Nagar, Hyderabad-500037
Andhra Pradesh India |
DIRECTORS
As on 27.09.2012
|
Name : |
Mr. Muhammad D. Rafe |
|
Designation : |
Director |
|
Address : |
202, Kamkshi Residency, Patwari Encalve, Opposite IDPL Colony, |
|
Date of Birth/Age : |
15.01.1965 |
|
Qualification : |
BE |
|
Date of Appointment : |
24.08.2009 |
|
Din No.: |
02473034 |
|
|
|
|
Name : |
Mrs. Ghousia Bano |
|
Designation : |
Director |
|
Address : |
202, Kamkshi Residency, Patwari Encalve, Opposite IDPL Colony, |
|
Date of Birth/Age : |
01.11.1965 |
|
Qualification : |
MSC |
|
Date of Appointment : |
06.04.2006 |
|
Din No.: |
02582586 |
|
|
|
|
Name : |
Mr. Abdul Shariqh Muhammad |
|
Designation : |
Director |
|
Address : |
P. No. 19, Sanchar Puri Colony, Bowenpally, Secunderabad-500011,
Andhra Pradesh, India |
|
Date of Birth/Age : |
24.07.1990 |
|
Date of Appointment : |
27.08.2009 |
|
Din No.: |
02582607 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Muhammad D. Rafe |
|
4000 |
|
Muhammad Sirajupdjn Syed |
|
6000 |
|
|
|
|
|
Total |
|
10000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of Metal Doors and Windows. |
|
|
|
|
Products : |
v
Industrial Metal Doors v
Industrial Fire Doors v
Telecom Shelter Doors v
Metal Windows v
Commercial Doors v
Knock Down Portable Partitions v
Metal Windows – Sliding Type with MS Grill |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit |
|
|
|
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS (AS ON 31.03.2010)
|
Particulars |
Unit |
Actual
Production |
|
Steel Doors |
MTs |
415 |
GENERAL INFORMATION
|
Customers : |
End Users |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
35 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Oriental Bank of Commerce, #126, S.D. Road, Secunderabad-500003,
Andhra Pradesh, India Tel No.: 91-40-27704359 |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Sampath and Ramesh Chartered Accountants |
|
Address : |
101 A, Sidharthaharini Apartments, Lower Tank Bund, Opposite MRO
Office, Hyderabad-500080, Andhra Pradesh, India |
|
Tel. No.: |
91-40-65585906/27612843/27617319 |
|
Fax No.: |
91-40-27617319 |
|
Email: |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAJFS7005C |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
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 |
|
0.100 |
0.100 |
|
(b) Reserves & Surplus |
|
(1.879) |
(2.010) |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
5.989 |
5.009 |
|
Total
Shareholders’ Funds (1) + (2) |
|
4.210 |
3.099 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.255 |
0.637 |
|
(b) Deferred tax liabilities (Net) |
|
0.032 |
0.027 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.287 |
0.664 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
1.799 |
0.662 |
|
(b) Trade
payables |
|
0.922 |
0.941 |
|
(c) Other
current liabilities |
|
0.212 |
0.113 |
|
(d) Short-term
provisions |
|
0.302 |
0.183 |
|
Total Current
Liabilities (4) |
|
3.235 |
1.899 |
|
|
|
|
|
|
TOTAL |
|
7.732 |
5.662 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
1.864 |
2.113 |
|
(ii)
Intangible Assets |
|
0.049 |
0.082 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.050 |
0.050 |
|
(e) Other
Non-current assets |
|
0.005 |
0.058 |
|
Total Non-Current
Assets |
|
1.968 |
2.303 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
2.537 |
1.941 |
|
(c) Trade
receivables |
|
2.831 |
0.973 |
|
(d) Cash
and cash equivalents |
|
0.064 |
0.013 |
|
(e)
Short-term loans and advances |
|
0.332 |
0.432 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
5.764 |
3.359 |
|
|
|
|
|
|
TOTAL |
|
7.732 |
5.662 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.100 |
|
|
2] Share Application Money |
|
|
4.255 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
(2.079) |
|
|
NETWORTH |
|
|
2.276 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.632 |
|
|
2] Unsecured Loans |
|
|
0.110 |
|
|
TOTAL BORROWING |
|
|
1.742 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.021 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.039 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.473 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1.810
|
|
|
Sundry Debtors |
|
|
0.466
|
|
|
Cash & Bank Balances |
|
|
0.088
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
0.160
|
|
Total
Current Assets |
|
|
2.524
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1.160
|
|
|
Other Current Liabilities |
|
|
0.000
|
|
|
Provisions |
|
|
0.236
|
|
Total
Current Liabilities |
|
|
1.396
|
|
|
Net Current Assets |
|
|
1.128
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.438 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
4.039 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
12.598 |
9.007 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
12.598 |
9.007 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
|
8.582 |
6.016 |
|
|
|
Manufacturing and Administrative Expenses |
|
3.486 |
2.534 |
|
|
|
TOTAL |
|
12.068 |
8.550 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.530 |
0.457 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.332 |
0.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.198 |
0.100 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.067 |
0.031 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.131 |
0.069 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
13.10 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.04
|
0.77 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.57
|
1.11 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.56
|
1.77 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.02 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.49
|
0.42 |
0.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.78
|
1.77 |
0.77 |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two 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 |
No |
|
18] |
Major customers |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE: Registered office of the company has been shifted
from 202. Kamakshi Residency, Patwari Enclave, Idpl Colony Hyderabad - 500037, Andhra Pradesh, India to the present address w.e.f 26.03.2013
PROSPECT
OF THE COMPANY:
They are
aware that their company was incorporated on 6lh April 2006, vide
Incorporation No. 49746/2006-07. The main object of the company is of
manufacturing of Metal Doors, Windows and Sheet Metal products.
A company
initially started in the year of 2006-07 and the product name of manufacturing
only Metal Doors, during that period Metal Doors were not very much popular in
die market, except in few areas like commercial buildings and Industrial
establishments, to added the above, the company also did not have much
experience in the line and further, there was set back in marketing and
manufacturing, but later on the Company Directors of the above have
concentrated on the business by adding few more products to the product line
like Metal Doors. Steel Doors, Economy Doors, Industrial Doors, Hire Doors,
Metal Window (Hinged, Sliding, Openablc) and Portable Cabins by adding all the
products in the product range the company turn over frequently come up and the
Directors of the company are confident that the turnover of the Company is
20.000 Millions in the next financial year.
The company
is availing additional bank limits Rs. 0.800 Million and Total CC Limits comes
to 1.500 Millions with existing Bankers and it is likely to increase the same
in the next Financial year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Other |
0.230 |
0.230 |
|
|
|
|
|
Total |
0.230 |
0.230 |
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10035718 |
16/12/2006 |
1,700,000.00 |
ORIENTAL BANK OF COMMERCE |
#126, S.D. ROAD,
SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA |
A10221166 |
|
2 |
10035723 |
16/12/2006 |
5,000,000.00 |
ORIENTAL BANK OF COMMERCE |
#126, S.D. ROAD,
SECUNDERABAD, ANDHRA PRADESH - 500003, INDIA |
A10221521 |
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.62.24 |
|
|
1 |
Rs.99.90 |
|
Euro |
1 |
Rs.84.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.