|
Report Date : |
02.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASSA ABLOY INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-404, 4th Floor, Universal Busienss Park, Opposite Kamani Oil
Mills Lane, Chandivali, Andheri (East), Mumbai – 400072, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
05.08.2005 |
|
|
|
|
Com. Reg. No.: |
11-155169 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.27.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28993MH2005PTC155169 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA26047A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The principal activities of the company is to carry on the business of
importers, exporter, distributors, wholesalers and retailers of security
systems, other securities related products and Ironmongeries. |
|
|
|
|
No. of Employees
: |
Information declined by management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 72000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Company has incurred heavy loss from its operations in 2013. However, trade relation are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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.
INDIAN ECONOMIC OVERVIEW
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China in
the ranking part of EY’s Capital Confidence Barometer report based on a survey
across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of payments
is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of 18.4
% between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities
are among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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
MANAGEMENT NON CO-OPERATIVE
Contact No.: 91-22-40051380
LOCATIONS
|
Registered Office : |
A-404, 4th Floor, Universal Busienss Park, Opposite Kamani
Oil Mills Lane, Chandivali, Andheri (East), Mumbai – 400072, Maharashtra,
India |
|
Tel. No.: |
91-22-40051380/ 40051381/ 82 |
|
Fax No.: |
91-22-40051383 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
DLF Cyber Terraces, 19th Floor, Tower A, Building No.5, DLF
Phase III, Gurgaon – 122002, Haryana, India |
|
Tel No.: |
91-124-4407060 |
|
Fax No.: |
91-124-4407070 |
|
Email : |
|
|
Website : |
DIRECTORS
(AS ON 20.09.2013)
|
Name : |
Mr. Gurmeet Singh Phokela |
|
Designation : |
Director |
|
Address : |
D-341, Narmada Apartments, Alaknanda, Kalkaji, New Delhi – 110019,
India |
|
Date of Birth/Age : |
15.08.1961 |
|
Date of Appointment : |
08.08.2005 |
|
DIN No.: |
01272271 |
|
|
|
|
Name : |
Mr. Jan Yiu Tony Chung |
|
Designation : |
Director |
|
Address : |
25/F, 37 Celestial Avenue, 80 Sheung Shing street, Celestial Height,
Ho Man Tin, Kowloon Hongkong |
|
Date of Birth/Age : |
25.09.1963 |
|
Date of Appointment : |
09.11.2009 |
|
DIN No.: |
02883712 |
|
|
|
|
Name : |
Mr. Manu Ahuja |
|
Designation : |
Director |
|
Address : |
B-302, The IVY, Sushant, Lok-1, Behind Laburnum, Gurgaon – 122002, Haryana,
India |
|
Date of Birth/Age : |
17.09.1967 |
|
Date of Appointment : |
23.05.2011 |
|
DIN No.: |
05123127 |
|
|
|
|
Name : |
Mr. Vikas Gandhi |
|
Designation : |
Director |
|
Address : |
Flat No.44/9, Garrdenia Street, Primrose Vatila City Sohna Road,
Gurgaon – 122101, Haryana, India |
|
Date of Birth/Age : |
04.01.1979 |
|
Date of Appointment : |
21.02.2012 |
|
DIN No.: |
05236445 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 20.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Assa Abloy Asia Holding AB, |
|
2700000 |
|
Assa Abloy East Europe AB, |
|
1 |
|
|
|
|
|
Total |
|
2700001 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The principal activities of the company is to carry on the business of
importers, exporter, distributors, wholesalers and retailers of security
systems, other securities related products and Ironmongeries. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management. |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Suresh Surana and Associates Chartered Accountants |
|
Address : |
602, 6th Floor, Recent Chambers, 20-B, Nariman Point, Mumbai
– 400021, Maharashtra, India |
|
PAN No.: |
AAQFS7647M |
|
Tel. No.: |
91-22-61214444 |
|
Fax No.: |
91-22-22875771 |
|
E-Mail : |
|
|
|
|
|
Holding Company : |
Assa Abloy Asia Holding AB, Sweden |
|
|
|
|
Ultimate Holding Company : |
Assa Abloy East Europe, AB |
|
|
|
|
Fellow Subsidiaries : |
· Adams Rite Manufacturing · Abloy High Security · Assa Abloy Asia Pacific Limited · Assa Abloy Australia Pty Limited · Assa AbIoy Cote Picarde · Assa AbIoy Entrane System AB · Assa AbIoy Financial Services Ab (Publ) · Assa AbIoy Hong Kong · Assa Abloy Italia SPA · Assa Abloy Limited U.K. · Assa Abloy Malaysia SDN BHD · Assa Abloy Poland Sp Z O O · Assa Abloy Romania SRL · Assa Abloy Sicherheitstechnik GMBH · Assa Abloy Singapore Pte limited · Assa Abloy Thailand Limited · Assa AbIoy (Zhongshan) Security Technology (Formerly known as “Guli Security Products Limited) · Azbe B Zubia S.A. Spain · Besam (Manufacturing) Pte Limited · Corbin Russwin Inc · Hanchett Entry Systems Inc · HID India Private limited · lrevo Inc. · JPM S.A.S · McKinney Products Co · Mul-T-lock Technologies Limited · Norton Rixson Yale · P. C. Henderson Limited · Pemko Manufacturing Company · Pregex (HK) Company Limited · RIXSON Specialty Door Controls · Rockwood Manufacturing Company · Sargent Manufacturing Company · Securitron Magnalock Corporation · Shanghai Irevo Electronics Company Limited · Shenfei Liyi Security Products Company Limited · Stremler SAS · Talleres De Escoriaza, S.A.U. · Yale Security Inc. · Zhaoqing City Liang Sheng Trading Company Limited |
CAPITAL STRUCTURE
(AS ON 20.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10 each |
Rs.40.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2700001 |
Equity Shares |
Rs.10/- each |
Rs.27.000
Millions |
|
|
|
|
|
(AS ON 31.03.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10 each |
Rs.30.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2700001 |
Equity Shares |
Rs.10/- each |
Rs.27.000 Millions
|
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
27.000 |
27.000 |
17.000 |
|
(b) Reserves & Surplus |
(9.020) |
55.430 |
16.666 |
|
(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) |
17.980 |
82.430 |
33.666 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
0.776 |
0.647 |
0.414 |
|
Total Non-current Liabilities (3) |
0.776 |
0.647 |
0.414 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
48.176 |
0.000 |
55.214 |
|
(b) Trade payables |
79.708 |
48.680 |
44.254 |
|
(c) Other current
liabilities |
9.462 |
5.765 |
8.457 |
|
(d) Short-term provisions |
0.202 |
0.089 |
0.032 |
|
Total Current Liabilities (4) |
137.548 |
54.534 |
107.957 |
|
|
|
|
|
|
TOTAL |
156.304 |
137.611 |
142.037 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6.404 |
4.401 |
3.738 |
|
(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) |
3.883 |
5.240 |
3.020 |
|
(d) Long-term Loan and Advances |
4.318 |
4.046 |
0.089 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
14.605 |
13.687 |
6.847 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
64.682 |
52.257 |
53.606 |
|
(c) Trade receivables |
69.189 |
52.453 |
68.675 |
|
(d) Cash and cash
equivalents |
0.226 |
6.539 |
0.176 |
|
(e) Short-term loans and
advances |
7.271 |
12.670 |
12.733 |
|
(f) Other current assets |
0.331 |
0.005 |
0.000 |
|
Total Current Assets |
141.699 |
123.924 |
135.190 |
|
|
|
|
|
|
TOTAL |
156.304 |
137.611 |
142.037 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Operating Income |
228.700 |
204.300 |
168.803 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(59.400) |
(47.300) |
3.530 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.200 |
2.700 |
4.365 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(61.600 |
(50.000) |
(0.835) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.700 |
1.000 |
1.494 |
|
|
|
|
|
|
|
|
|
|
PRIOR PERIOD
EXPENSES |
0.000 |
2.400 |
7.446 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX) |
(63.300) |
(53.400) |
(9.775) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.200 |
(2.200) |
1.024 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(64.500) |
(51.200) |
(10.799) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(67.600) |
(16.300) |
(5.194) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(132.100) |
(67.600) |
(16.333) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.261 |
0.951 |
0.508 |
|
|
TOTAL EARNINGS |
0.261 |
0.951 |
0.508 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Traded Goods |
115.044 |
117.545 |
91.433 |
|
|
|
Capital Goods |
0.000 |
0.000 |
0.163 |
|
|
TOTAL IMPORTS |
115.044 |
117.545 |
91.596 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(23.87) |
(25.08) |
(1.97) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
(27.68)
|
(26.14) |
(5.79) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(41.53)
|
(40.34) |
(7.03) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(3.52)
|
0.65 |
(0.29) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.68
|
0.00 |
1.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
2.27 |
1.25 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM BORROWINGS DETAIL: NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
----- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
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 |
No |
|
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 LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Short Term
Borrowings |
|
|
|
Bank Overdraft (Bank overdraft was secured by corporate guarantee from Assa Abloy
Asia Holding AB, Sweden. The above loans are repayable on demand) |
48.176 |
0.000 |
|
|
|
|
|
Total |
48.176 |
0.000 |
FUTURE OUTLOOK
During the year, the market witnessed an
overall growth. The improved demand of the product in the market has helped to
achieve the target of the organization.
The outlook for the hardware industry is
positive and they expect to see both demand and price Improvement during the
financial year 2013-14.
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY
FIXED ASSETS:
· Leasehold Improvement
· Plant and Equipments
· Furniture and Fixtures
· Vehicles
· Office Equipments
· Computers
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.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.