MIRA INFORM REPORT
|
Report Date : |
23.09.2013 |
IDENTIFICATION DETAILS
|
Name : |
A D ELECTRONICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
306, Blue Rose Industrial Estate, Magathane Western Express Highway,
Borivali (East), Mumbai-400066, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
22.11.1996 |
|
|
|
|
Com. Reg. No.: |
11-104103 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.998 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31200MH1996PTC104103 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of trading of automation devices
and instruments. The company has presence in both domestic and international
markets. The company also provides software support and maintenance services
to its clients. |
|
|
|
|
No. of Employees
: |
Information denied by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 220000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of Hagemeyer NV, Netherland. It is an established
company having a satisfactory track record. Latest profit and loss statement of 2012 is not available with us. As
per the available financials the overall position of the company seems to be
decent. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of strong group companies, the subject 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.
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 DECLINED BY
Management non co-operative
LOCATIONS
|
Registered Office : |
306, Blue Rose Industrial Estate, Magathane Western Express Highway,
Borivali (East), Mumbai-400066, Maharashtra, India |
|
Tel. No.: |
91-22-28701642 / 43 |
|
Fax No.: |
91-22-28701644 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Godown : |
A-113, Vora Plaza, Behind CIDCO Office, Navghar Vasai Road, Vasai
(East), District Thane-401210, Maharashtra, India |
DIRECTORS
AS ON 28.12.2012
|
Name : |
Mr. Sudhir Vinayak Lele |
|
Designation : |
Director |
|
Address : |
1612, 16th Floor, National Park View-II, Raheja Estate,
Kulupwadi, Borivali (East), Mumbai-400066, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1960 |
|
Date of Appointment : |
01.04.2002 |
|
DIN No.: |
01048780 |
|
|
|
|
Name : |
Mr. Yogesh Ramniklal Shah |
|
Designation : |
Director |
|
Address : |
12-C, 12th Floor, Viceroy Park, Tower B, Thakur Village, Kandivali
(East), Mumbai-400101, Maharashtra, India
|
|
Date of Birth/Age : |
30.07.1956 |
|
Date of Appointment : |
01.04.2001 |
|
DIN No.: |
01048815 |
|
|
|
|
Name : |
Ms. Helene Margat |
|
Designation : |
Director |
|
Address : |
89, Fumin Lu, Mayfair Building, Apartment 17 B, Shanghai-200040 |
|
Date of Birth/Age : |
18.04.1969 |
|
Date of Appointment : |
18.05.2011 |
|
DIN No.: |
03341283 |
|
|
|
|
Name : |
Ms. Anne Celine Stephanie Jean |
|
Designation : |
Director |
|
Address : |
Etage 01, Escalier D, 10 R St Ferdinand, Paris-75017 |
|
Date of Birth/Age : |
07.02.1967 |
|
Date of Appointment : |
18.05.2011 |
|
DIN No.: |
03367768 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.12.2012
|
Names of Shareholders |
No. of Shares |
|
Yogesh Ramniklal Shah |
49969 |
|
Sudhir Vinayak Lele |
49968 |
|
Hagemeyer NV, Netherlands |
299813 |
|
TOTAL
|
399750 |
AS ON 28.12.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Foreign holdings( Foreign institutional investor(s), Foreign
companie(s) Foreign financial institution(s), Non-resident Indian(s) or
Overseas Corporate bodies or Others |
75.00 |
|
Directors or relatives of Directors |
25.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of trading of automation devices
and instruments. The company has presence in both domestic and international markets.
The company also provides software support and maintenance services to its
clients. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management
|
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S V Ghatalia and Associates Chartered Accountant |
|
Address : |
14th Floor, The Ruby, 29, Senapati Bapat Marg, Dadar
(West), Mumbai-400028, Maharashtra, India
|
|
Tel. No.: |
91-22-61920000 |
|
Fax No.: |
91-22-61921000 |
|
PAN No.: |
AACFS6921Q |
|
|
|
|
Holding Company : |
Hagemeyer N.V., Netherlands |
|
|
|
|
Ultimate Holding Company : |
Rexel Development S.A.S., France |
|
|
|
|
Fellow Subsidiaries : |
Yantra Automation Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
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 |
|
|
|
|
|
|
399750 |
Equity Shares |
Rs.10/- each |
Rs. 3.998
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 |
|
3.998 |
3.998 |
|
(b) Reserves & Surplus |
|
51.271 |
40.054 |
|
(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) |
|
55.269 |
44.052 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.659 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.230 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
1.575 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1.575 |
0.889 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
35.255 |
20.409 |
|
(b) Trade
payables |
|
69.980 |
32.522 |
|
(c) Other
current liabilities |
|
4.350 |
6.957 |
|
(d) Short-term
provisions |
|
0.023 |
0.000 |
|
Total Current
Liabilities (4) |
|
109.608 |
59.888 |
|
|
|
|
|
|
TOTAL |
|
166.452 |
104.829 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
11.403 |
13.230 |
|
(ii)
Intangible Assets |
|
0.211 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.099 |
0.099 |
|
(c) Deferred tax assets (net) |
|
0.785 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.257 |
0.187 |
|
(e) Other
Non-current assets |
|
1.490 |
0.379 |
|
Total Non-Current
Assets |
|
17.245 |
13.895 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
63.531 |
14.908 |
|
(c) Trade
receivables |
|
80.088 |
69.912 |
|
(d) Cash
and cash equivalents |
|
4.258 |
4.086 |
|
(e)
Short-term loans and advances |
|
1.184 |
1.867 |
|
(f) Other
current assets |
|
0.146 |
0.161 |
|
Total
Current Assets |
|
149.207 |
90.934 |
|
|
|
|
|
|
TOTAL |
|
166.452 |
104.829 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.998 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
26.297 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
30.295 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
21.687 |
|
|
2] Unsecured Loans |
|
|
2.166 |
|
|
TOTAL BORROWING |
|
|
23.853 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.265 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
54.413 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
14.809 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.099 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
14.236 |
|
|
Sundry Debtors |
|
|
64.907 |
|
|
Cash & Bank Balances |
|
|
2.177 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
2.180 |
|
Total
Current Assets |
|
|
83.500 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
38.681 |
|
|
Other Current Liabilities |
|
|
1.222 |
|
|
Provisions |
|
|
4.092 |
|
Total
Current Liabilities |
|
|
43.995 |
|
|
Net Current Assets |
|
|
39.505 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
54.413 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
|
|
|
|
|
Other Income |
NA |
|
|
|
|
|
TOTAL |
NA |
301.973 |
264.420 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
|
|
|
|
|
|
Purchase of Stock In Trade |
|
|
|
|
|
|
Employee benefits expenses |
|
|
|
|
|
|
TOTAL |
NA |
281.316 |
259.311 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
NA |
20.657 |
5.109 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
6.900 |
1.698 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
NA |
13.757 |
3.411 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
29.429 |
5.518 |
4.893 |
|
|
TOTAL EARNINGS |
29.429 |
5.518 |
4.893 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
0.570 |
0.040 |
NA |
|
|
TOTAL IMPORTS |
0.570 |
0.040 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
-- |
34.41 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
4.56 |
1.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
19.72 |
5.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.47 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.64
|
0.48 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36
|
1.52 |
1.90 |
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
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
From Banks |
|
|
|
Overdraft facility from HSBC Bank |
31.258 |
0.000 |
|
From Relatives of Directors |
0.000 |
2.183 |
|
|
|
|
|
TOTAL |
31.258 |
2.183 |
|
NOTES SHORT TERM
BORROWINGS Overdraft facility from HSBC Bank is repayable on demand and carries
interest @9.75% p.a. Loans from relatives of directors Rs. Nil (Previous year Rs. 2.183
Millions) is repayable on demand and carries interest @ 12% p.a. |
||
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long Term Borrowing |
0.659 |
1.780 |
NA |
|
|
|
|
|
|
TOTAL |
0.659 |
1.780 |
NA |
VIEW INDEX OF
CHARGES
|
S. No |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN |
|
1 |
10155031 |
25/03/2009 |
10,000,000.00 |
THE BHARAT CO-OPERATIVE BANK
(MUMBAI) LIMITED |
DAHISAR (EAST) BRANCH, PRABHAT INDL. ESTATE, BEFORE, CHECK
NAKA, W. E. HIGHWAY, DAHISAR EAST, MUMBAI, |
A61223806 |
|
2 |
10155027 |
25/03/2009 |
33,000,000.00 |
THE BHARAT CO-OPERATIVE BANK
(MUMBAI) LIMITED |
DAHISAR (EAST) BRANCH, PRABHAT INDL. ESTATE, BEFORE, CHECK
NAKA, W. E. HIGHWAY, DAHISAR EAST, MUMBAI, |
A61223129 |
|
3 |
10095660 |
11/03/2008 |
2,000,000.00 |
THE BHARAT CO-OPERATIVE BANK
(MUMBAI) LIMITED |
DAHISAR BRANCH 102, 'SAGAR',
PRABHAT INDL. ESTATE, W. E. HIGHWAY, BEFORE CHECK NAKA, DAHISAR (EAST),, MUMBAI,
MAHARASHTRA - 400068, INDIA |
A35538065 |
|
4 |
90152248 |
16/02/2005 * |
2,000,000.00 |
THE BHARAT CO - OP. BANK
LIMITED. |
102.; SAGAR PRABHAT INDUSTRIAL
ESATE CHEACK NAKA, |
- |
|
5 |
90152188 |
01/12/2008 * |
8,000,000.00 |
THE BHARAT CO-OPERATIVE BANK
(MUMBAI) LIMITED |
DAHISAR (EAST) BRANCH,
102'SAGAR, PRABHAT INDL EST, BEFORE CHECK NAKA, W. E. HIGHWAY, DAHISAR
(EAST), |
A52989589 |
|
6 |
90152138 |
11/10/2002 |
2,000,000.00 |
THE BHARAT CO - OP. BANK
LIMITED. |
102.; SAGAR PRABHAT INDUSTRIAL
ESATE CHEACK NAKA, |
- |
|
* Date of charge modification |
||||||
CORPORATE
INFORMATION
Subject is a private limited company domiciled in India and incorporated
under the provisions of the Companies Act, 1956. The company is engaged in the business
of trading of automation devices and instruments. The company has presence in
both domestic and international markets. The company also provides software
support and maintenance services to its clients.
FIXED ASSETS
- Office
Premises
- Godown Premises
- Furniture and
Fixtures
- Computer
System
- Motor Car
- Air
Conditioner
- Office
Equipments
- Electronic
Items
- Vehicles
- Software
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 |
|
UK Pound |
1 |
Rs. 99.89 |
|
Euro |
1 |
Rs. 84.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.