MIRA INFORM REPORT
|
Report Date : |
26.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
AMBUJA INTERMEDIATES LIMITED (w.e.f.19.09.2011) |
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Formerly Known
As : |
AMBUJA INTERMEDIATES PRIVATE LIMITED AMBUJA INTERMEDIATE PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
A/901, Nar Narayan Complex, Near Navrangpura Bus Stop, Off C G Road
Navrangpura, Ahmedabad – 380009, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
10.08.1988 |
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Com. Reg. No.: |
04-011091 |
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Capital
Investment / Paid-up Capital : |
Rs. 123.250 Millions |
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CIN No.: [Company Identification
No.] |
U24231GJ1988PLC011091 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA02216E |
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PAN No.: [Permanent Account No.] |
AACCA1236B |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of dye-Intermediates, Specialty
Chemicals, Metals, Dyestuffs etc. |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (52) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2139000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having good track record. The rating reflects company sound financial risk profile marked by
healthy networth and decent profit margin of the company. Trade relations are reported as fair. Business is active. Payment terms
are reported to be regular and as per commitment. 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.
ECGC Country Risk Classification List – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
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Rating |
Long term Bank facilities = BBB+ |
|
Rating Explanation |
Moderate degree of safety it carry moderate
credit risk. |
|
Date |
September 10, 2014 |
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Rating Agency Name |
CARE |
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Rating |
Short term Bank facilities = A3+ |
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Rating Explanation |
Moderate degree of safety it carry higher credit
risk. |
|
Date |
September 10, 2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Umesh |
|
Designation : |
Manager |
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Contact No.: |
91-79-26427576 |
|
Date : |
24.12.2014 |
LOCATIONS
|
Registered Office : |
A/901, Nar Narayan Complex, Near Navrangpura Bus Stop, Off C G Road
Navrangpura, Ahmedabad – 380009, Gujarat, India |
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Tel. No.: |
91-79-26427576/ 26427666 |
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Fax No.: |
91-79-26426694 |
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E-Mail : |
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Website : |
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Corporate/ Branch Office : |
133, |
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Tel. No.: |
91-22-42127777/ 23867792/ 23857141/ 23800058/ 23824143 |
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Fax No.: |
91-22-23809797 |
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E-Mail : |
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Factory : |
Chemical Complex Unit 1, 2, 3 and 4 Survey No.1152, Chhatral – Mehsana State Highway, Near Milton Laminates,
Village Rajpur, Taluka Kadi, District Mehsana – 382740, Gujarat, India |
|
Tel. No.: |
91-2764-278403/ 278404 |
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Fax No.: |
91-2764-278415 |
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E-Mail : |
DIRECTORS
AS ON 19.08.2014
|
Name : |
Mr. Lalit Tilokchand Shah |
|
Designation : |
Managing director |
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Address : |
14/C, 7 Khanderao Block, Khotachi Wadi V P Road, Mumbai – 400004,
Maharashtra, India |
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Date of Birth/Age : |
01.12.1973 |
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Date of Appointment : |
10.07.1999 |
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PAN No.: |
AAIPS9085K |
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DIN No.: |
00144685 |
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Name : |
Mr. Paragbhai Amarabhai Makwana |
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Designation : |
Director |
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Address : |
A-202, Parijat Jeevan Sahar CHS, Opposite Hotel Suresha Tarun Bharat, Chakala,
Andheri (East), Mumbai – 400099, Maharashtra, India |
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Date of Birth/Age : |
14.11.1947 |
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Date of Appointment : |
19.09.2011 |
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DIN No.: |
00051227 |
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Name : |
Mr. Gambhirmal Ramanlal Shah |
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Designation : |
Whole-time director |
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Address : |
6, Jadav Bhuvan, 32, Dr. Ailson Street, V P Road, Mumbai – 400004,
Maharashtra, India |
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Date of Birth/Age : |
01.04.1958 |
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Date of Appointment : |
10.08.1998 |
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PAN No.: |
AAIPS9091D |
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DIN No.: |
00137528 |
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Name : |
Mr. Mahendrabhai Mohanlal Patel |
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Designation : |
Whole-time director |
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Address : |
16, Vishnu Hari Apartment, 18 Pushpkunj Society, Kanakaria, Ahmedabad
– 380022, Gujarat, India |
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Date of Birth/Age : |
22.12.1956 |
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Date of Appointment : |
19.11.1999 |
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PAN No.: |
AAWPP5699Q |
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DIN No.: |
00137602 |
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Name : |
Mr. Satyanarayan Bhaverlal Ajmera |
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Designation : |
Director |
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Address : |
Dr. Ajmera Clinic Shraddhavilla, Opposite Friend SO, Jawaharchawk
Sabarmati, Ahmedabad – 380005, Gujarat, India |
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Date of Birth/Age : |
08.01.1952 |
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Date of Appointment : |
19.09.2011 |
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DIN No.: |
03609798 |
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Name : |
Mr. Harinderpal Singh Kochar |
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Designation : |
Director |
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Address : |
B-8-61, Goyal Intercity, Drive In Road, Ahmedabad – 380054, Gujarat,
India |
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Date of Birth/Age : |
06.08.1953 |
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Date of Appointment : |
19.09.2011 |
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DIN No.: |
03609845 |
KEY EXECUTIVES
|
Name : |
Mr. Umesh |
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Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 19.08.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 19.08.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
2.35 |
|
Directors
or relatives of directors |
97.65 |
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|
|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of dye-Intermediates,
Specialty Chemicals, Metals, Dyestuffs etc. |
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Products/ Services : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Dyestuffs |
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Countries : |
· Taiwan · USA · China · Japan · Turkey · Bangladesh |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
300 (Approximately) |
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Bankers : |
· Bank of India Ahmedabad Mid Corporate Branch 1st Floor, BOI Building Swastik Cross Roads, Navrangpura, Ahmedabad - 380009, Gujarat, India ·
Bank of India Ahmedabad Corporate Banking Branch, 2nd Floor, Bank of
India Building, Bhadra, Ahmedabad – 380001, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Shah Kantilal and Company Chartered Accountants |
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Address : |
806, Mauryansh Elanza, Near Shyamal Cross Roads,
Satellite, Ahmedabad, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAMFS3865K |
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Associate Company : |
· Ambuja Metal Inds. Private Limited · Nenava Metal Industries ·
Fortune Enterprise |
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Subsidiary Company : |
Ambuja Solvex Private Limited [U15141GJ2004PTC044285] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
20,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 200.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
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|
12,325,000 |
Equity Shares |
Rs. 10/- each |
Rs. 123.250 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
123.250 |
123.250 |
123.250 |
|
(b) Reserves & Surplus |
625.595 |
259.962 |
208.469 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share
Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
748.845 |
383.212 |
331.719 |
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(3)
Non-Current Liabilities |
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(a) Long-term borrowings |
48.971 |
39.903 |
70.856 |
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(b) Deferred tax liabilities (Net) |
57.027 |
52.826 |
56.822 |
|
(c)
Other long term liabilities |
0.000 |
0.905 |
0.000 |
|
(d)
long-term provisions |
3.989 |
3.438 |
2.722 |
|
Total
Non-current Liabilities (3) |
109.987 |
97.072 |
130.400 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
502.435 |
398.402 |
366.087 |
|
(b)
Trade payables |
190.437 |
132.292 |
64.487 |
|
(c)
Other current liabilities |
38.016 |
31.362 |
38.274 |
|
(d)
Short-term provisions |
110.801 |
14.581 |
13.540 |
|
Total
Current Liabilities (4) |
841.689 |
576.637 |
482.388 |
|
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|
|
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TOTAL |
1700.521 |
1056.921 |
944.507 |
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II.
ASSETS |
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|
(1) Non-current assets |
|
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(a)
Fixed Assets |
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|
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|
(i)
Tangible assets |
383.875 |
316.801 |
327.213 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
10.213 |
8.472 |
11.075 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
26.706 |
26.706 |
21.706 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
68.339 |
0.538 |
10.979 |
|
(e)
Other Non-current assets |
0.000 |
5.171 |
5.171 |
|
Total
Non-Current Assets |
489.133 |
357.688 |
376.144 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
322.556 |
192.504 |
130.051 |
|
(c)
Trade receivables |
598.593 |
402.341 |
364.027 |
|
(d)
Cash and cash equivalents |
13.998 |
17.518 |
9.601 |
|
(e)
Short-term loans and advances |
276.241 |
86.870 |
64.684 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1211.388 |
699.233 |
568.363 |
|
|
|
|
|
|
TOTAL |
1700.521 |
1056.921 |
944.507 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
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Revenue from Operations |
2708.291 |
1670.163 |
1352.785 |
|
|
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Other Income |
14.862 |
55.153 |
51.240 |
|
|
|
TOTAL (A) |
2723.153 |
1725.316 |
1404.025 |
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
1448.298 |
1183.243 |
1075.057 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(0.818) |
(30.028) |
(70.246) |
|
|
|
Employees benefits expense |
49.710 |
36.859 |
27.155 |
|
|
|
Other expenses |
558.500 |
377.306 |
262.118 |
|
|
|
Extraordinary Items |
5.921 |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
2061.611 |
1567.380 |
1294.084 |
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
661.542 |
157.936 |
109.941 |
|
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|
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|
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Less |
FINANCIAL
EXPENSES (D) |
70.197 |
58.508 |
49.566 |
|
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|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
591.345 |
99.428 |
60.375 |
|
|
|
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|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
40.855 |
37.833 |
38.428 |
|
|
|
|
|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
550.490 |
61.595 |
21.947 |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
184.857 |
10.101 |
8.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
365.633 |
51.494 |
13.827 |
|
|
|
|
|
|
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1092.490 |
752.027 |
631.705 |
|
|
|
|
|
|
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|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
373.877 |
183.178 |
88.081 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
29.67 |
4.18 |
1.47 |
|
|
|
Diluted
|
29.67 |
2.74 |
0.87 |
|
Expected Sales (2014-2015): Rs. 3500.000 Millions
The above information has been parted by Mr. Umesh [Manager]
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
13.50 |
3.08 |
1.02 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
24.43 |
9.46 |
8.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
33.09 |
6.03 |
2.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.74 |
0.16 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.74 |
1.14 |
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.44 |
1.21 |
1.18 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
123.250 |
123.250 |
123.250 |
|
Reserves & Surplus |
208.469 |
259.962 |
625.595 |
|
Net
worth |
331.719 |
383.212 |
748.845 |
|
|
|
|
|
|
Long-term borrowings |
70.856 |
39.903 |
48.971 |
|
Short term borrowings |
366.087 |
398.402 |
502.435 |
|
Total
borrowings |
436.943 |
438.305 |
551.406 |
|
Debt/Equity ratio |
1.317 |
1.144 |
0.736 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1352.785 |
1670.163 |
2708.291 |
|
|
|
23.461 |
62.157 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
1352.785 |
1670.163 |
2708.291 |
|
Profit |
13.827 |
51.494 |
365.633 |
|
|
1.02% |
3.08% |
13.50% |
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
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10491235 |
19/05/2014 |
45,000,000.00 |
BANK OF INDIA |
AHMEDABAD MID
CORPORATE BRANCH 1ST FLOOR, BOI BUILDING SWASTIK CROSS ROADS NAVRANGPURA,
AHMEDABAD, |
C04041836 |
|
2 |
10449210 |
14/09/2013 |
2,500,000.00 |
BANK OF INDIA |
VADAJ ROAD BRANCH, RESIDENT GARDEN FLATS, NEAR USMANPURA POST OFFICE, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380013, INDIA |
B85076388 |
|
3 |
10290478 |
16/09/2013 * |
635,100,000.00 |
BANK OF INDIA |
AHMEDABAD MID
CORPORATE BRANCH 1ST FLOOR, BOI BUILDING SWASTIK CROSS ROADS NAVRANGPURA,
AHMEDABAD, |
B85797710 |
|
4 |
80034289 |
16/09/2013 * |
635,100,000.00 |
BANK OF INDIA |
AHMEDABAD MID
CORPORATE BRANCH 1ST FLOOR, BOI BUILDING SWASTIK CROSS ROADS NAVRANGPURA,
AHMEDABAD, |
B85797629 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
SHORT TERM BORROWINGS |
|
|
|
Intercorporate borrowings |
0.000 |
4.152 |
|
|
|
|
|
Total |
0.000 |
4.152 |
FIXED ASSETS:
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Motor vehicles
· Office equipment
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. 63.45 |
|
|
1 |
Rs. 98.88 |
|
Euro |
1 |
Rs. 77.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
52 |
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.