MIRA INFORM REPORT
|
Report Date : |
09.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
ACME MACHINERY ( |
|
|
|
|
Registered
Office : |
G – 16, Shalimar Industrial Estate, Near Tata Power House, Maunga Labour
Camp, Matunga (West), Mumbai – 400019, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.02.1999 |
|
|
|
|
Com. Reg. No.: |
11 - 118176 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29294MH1999PTC118176 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA22675C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA4295Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Paper Printing, Packaging, Exercise Note
Book Plant and Corrugated Box Making Machineries. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 25000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The company possesses a moderate financial profile marked by small net
worth base as well as a significant deterioration in the cash reserves during
2013. The ratings also take into consideration the modest scale of business
operations due to which the management reports a very small amount of net
profitability. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of limited business operations the subject can be considered
for business dealings with some caution. |
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 – December 1, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s contracts
from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The Central
Bureau of Investigation will look into allegations that over $80 million was
paid in kickbacks in a deal signed in 2011. India has asked Boeing Co. to
find a solution for problems with state-owned Air India’s 787 Dreamliners. The
aircraft has experienced a series of malfunctions since its debut in 2011.
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
|
Name : |
Mr. Chandrakant |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-24038823 |
|
Date : |
07.04.2014 |
LOCATIONS
|
Registered Office / Factory : |
G – 16, Shalimar Industrial Estate, Near Tata Power House, Maunga Labour
Camp, Matunga (West), Mumbai – 400019, Maharashtra, India |
|
Tel. No.: |
91-22-24038823/ 2403738/ 24093276/ 24037398 |
|
Fax No.: |
91-22-24037270 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ketan Kantilal Shah |
|
Designation : |
Director |
|
Address : |
266/10, |
|
Date of Birth/Age : |
12.11.1965 |
|
Date of Appointment : |
05.02.1999 |
|
DIN No.: |
01521205 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U29294MH1999PTC118176 |
ACME MACHINERY
(INDIA) PRIVATE LIMITED |
Director |
05/02/1999 |
05/02/1999 |
Active |
NO |
|
2 |
U24111MH2003PTC141970 |
UNITED CRYO
GASES PRIVATE LIMITED |
Director |
18/01/2008 |
18/01/2008 |
Active |
NO |
|
Name : |
Mrs. Dipti Ketan Shah |
|
Designation : |
Director |
|
Address : |
266/10, |
|
Date of Birth/Age : |
05.11.1965 |
|
Date of Appointment : |
05.02.1999 |
|
DIN No.: |
01521235 |
|
|
|
|
Name : |
Mr. Kantilal U. Shah |
|
Designation : |
Director |
|
Address : |
266/10, |
|
Date of Birth/Age : |
27.08.1932 |
|
Date of Appointment : |
05.02.1999 |
|
DIN No.: |
02863178 |
KEY EXECUTIVES
|
Name : |
Mr. Chandrakant |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
Kantilal U Shah |
10 |
1.00 |
|
Ketan K Shah |
770 |
77.00 |
|
Dipti Ketan Shah |
220 |
22.00 |
|
Total |
1,000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20260887%2009-Apr-2014_files/image018.gif)
AS ON 30.09.2013
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Paper Printing, Packaging, Exercise Note
Book Plant and Corrugated Box Making Machineries. |
|
|
|
|
Products : |
v
Carbon Folder and Gluer Machine v
Hydraulic Paper Cutting Machine v
Semi Automatic Paper Cutting Machine v
Automatic Ruling Machine v
Exercise Note Book Manufacturing Machineries. v
Corrugated Box Manufacturing Plant v
3 / 5 corrugated Sheet v
Printer Creaser Slotter Machine v
Automatic Punching Machine v
Automatic paper Bag Making Machine v
Sheet Fed Offset Printing Machine v
Lamination Machine v
Other Allied Machineries |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C H Vora and Company Chartered Accountant |
|
Address : |
80, Dr. M B Velkar Street, 1st Floor, Kolbhat Lane, Jain
Bhavan, Mumbai-400002, Maharashtra, India |
|
Tel. No.: |
91-22-22050293 |
|
Telefax No.: |
91-22-22073758 |
|
E-Mail : |
|
|
PAN No.: |
AABPV3728P |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000 |
Equity Shares |
Rs.100/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000 |
Equity Shares |
Rs.100/-
each |
Rs. 0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
6.339 |
5.783 |
5.098 |
|
(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) |
6.439 |
5.883 |
5.198 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2.177 |
2.924 |
0.305 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
2.177 |
2.924 |
0.305 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.280 |
0.000 |
0.525 |
|
(b) Trade payables |
7.346 |
7.582 |
10.052 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
5.527 |
3.81 |
1.943 |
|
Total
Current Liabilities (4) |
13.153 |
11.392 |
12.520 |
|
|
|
|
|
|
TOTAL |
21.769 |
20.199 |
18.023 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.747 |
0.785 |
0.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.870 |
|
(d) Long-term Loan and
Advances |
7.564 |
6.760 |
8.410 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
8.311 |
7.545 |
9.280 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
1.613 |
4.127 |
1.193 |
|
(c) Trade receivables |
9.045 |
3.874 |
3.368 |
|
(d) Cash and cash equivalents |
1.583 |
2.678 |
3.132 |
|
(e) Short-term loans and
advances |
1.217 |
1.975 |
1.050 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
13.458 |
12.654 |
8.743 |
|
|
|
|
|
|
TOTAL |
21.769 |
20.199 |
18.023 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
34.500 |
27.500 |
46.782 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
NA |
NA |
NA |
|
|
Purchases of Stock-in-Trade |
|
|
|
|
|
Employees benefits expense |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.556 |
0.685 |
1.514 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
556.00 |
-- |
-- |
%20PRIVATE%20LIMITED%20-%20260887%2009-Apr-2014_files/image003.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20260887%2009-Apr-2014_files/image004.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20260887%2009-Apr-2014_files/image005.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20260887%2009-Apr-2014_files/image006.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20260887%2009-Apr-2014_files/image007.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
PAT / Total Income |
(%) |
1.61 |
2.49 |
3.24 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
0.38 |
0.50 |
0.16 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
1.02 |
1.11 |
0.70 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
5.098 |
5.783 |
6.339 |
|
Net
worth |
5.198 |
5.883 |
6.439 |
|
|
|
|
|
|
long-term borrowings |
0.305 |
2.924 |
2.177 |
|
Short term borrowings |
0.525 |
0.000 |
0.280 |
|
Total
borrowings |
0.830 |
2.924 |
2.457 |
|
Debt/Equity
ratio |
0.160 |
0.497 |
0.382 |
%20PRIVATE%20LIMITED%20-%20260887%2009-Apr-2014_files/image020.gif)
YEAR ON YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
46.782 |
27.500 |
34.500 |
|
|
|
-41.217 |
25.455 |
%20PRIVATE%20LIMITED%20-%20260887%2009-Apr-2014_files/image022.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Total Income |
46.782 |
27.500 |
34.500 |
|
Profit |
1.514 |
0.685 |
0.556 |
|
|
3.24% |
2.49% |
1.61% |
%20PRIVATE%20LIMITED%20-%20260887%2009-Apr-2014_files/image024.gif)
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 |
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 |
No |
|
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 |
No |
|
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 |
FACILITIES
|
Unsecured Loan |
Rs.
In Millions 31.03.2013 |
Rs.
In Millions 31.03.2012 |
|
Long Term
Borrowings |
|
|
|
Kantilal U Shah |
0.481 |
0.413 |
|
Ketan K Shah |
1.389 |
1.739 |
|
Dipti K Shah |
0.412 |
0.518 |
|
Honey K Shah |
0.000 |
0.141 |
|
Riddhi K Shah |
(0.257) |
(0.040) |
|
Ketan K Shah (HUF) |
0.058 |
0.059 |
|
K U Shah (HUF) |
0.094 |
0.094 |
|
Short Term
Borrowings |
|
|
|
Provision for Income Tax |
0.280 |
0.000 |
|
|
|
|
|
TOTAL |
2.457 |
2.924 |
INDEX OF CHARGES -
No Charges Exist for Company
NOTE
Registered office has been shifted from 266/10, Deepak Building,
Sailochana Shetty Marg, Above V G Panindas and Company, Sion (West), Mumbai –
400022, Maharashtra, India to the present address w.e.f. 10.12.2013.
FINANCIAL RESULTS
The company has recorded
higher revenue from operations including other income of Rs.34.500 Millions as
against 27.500 Millions in the previous year and has earned lower net profits
after tax of Rs. 0.556 Million as against net profits of Rs.0.685 Million. The
Directors expect to achieve better results in the current year.
FIXED ASSETS
- Computer
- Furniture and Fixtures
- Plant and Machinery
- Air Condition
- Office Equipment
- Motor Car
- Printer and Fax
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. 59.94 |
|
|
1 |
Rs. 99.35 |
|
Euro |
1 |
Rs. 82.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.