|
Report Date : |
20.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAHESH EXTRUSIONS LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 2A, Kiadb Industrial Area, Mundarji , |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
29.01.1991 |
|
|
|
|
Com. Reg. No.: |
08-011614 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.11.401 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1991PLC011614 |
|
|
|
|
Legal Form : |
A closely held public limited liability company. |
|
|
|
|
Line of Business
: |
Manufacturer, Supplier, Importer and Exporter of Mahesh Brand UPVC
PIPES, Ring Title Pipes, HDPE Pipes, UGD Pipes, Plumbing Pipes, Casing
PVC Pipes and SIRI Brand title Grout, Wall Putty, Tile Adhesive, Construction
Chemicals, Water Proof Compound, Epoxy Resins, etc. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (20) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating reflect instances of delay by MEL in servicing its debt;
the delays have been caused by weak liquidity position of the company.
Further rating also reflects weak financial risk profile, marked by high
gearing and below-average debt protections metrics, and a modest scale of
operations. Business is active. Payments terms are slow and delayed. The company can be considered for business dealings on safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 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 narrowed in the quarter ended September as government measures
to curb imports, especially gold, kicked in. The current account deficit,
the excess of a country’s imports of goods and services over exports, narrowed
to $ 5.2 billion from $ 21 billion in the year ago period, according to
provisional Reserve Bank of India data. Finance Minister P. Chidambaram said
the CAD for the year will be less than $ 60 billion or 3 per cent of GDP and
the latest data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million estimated
losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = D |
|
Rating Explanation |
Rating are in default or expected to be in default soon. |
|
Date |
15.01.2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED (DENIED) BY
|
Name : |
Mr. Mahesh Avva |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9448015087 |
|
Date : |
18.01.2014 |
LOCATIONS
|
Registered Office/Factory : |
Plot No. 2A, Kiadb Industrial Area, Mundarji , Bellary – 583102,
Karnataka, India |
|
Tel. No.: |
91-8392-250139 |
|
Mobile No.: |
91-9448015087 (Mr. Mahesh
Avva) |
|
Fax No.: |
91-8392-250139 / 250101 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Mahesh Avva |
|
Designation : |
Managing Director |
|
Address : |
House No. 851/B, 2nd Cross, Gandhinagar, Bellary – 583103,
Karnataka, India |
|
Date of Birth/Age : |
13.03.1985 |
|
Date of Appointment : |
20.10.2012 |
|
DIN No.: |
02051379 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51495KA1999PTC025567 |
APOORVA PIPES
PRIVATE LIMITED |
Whole-time
director |
29/09/2012 |
20/08/2012 |
- |
Active |
NO |
|
2 |
U85110KA1991PLC011614 |
MAHESH
EXTRUSIONS LIMITED |
Managing
director |
20/10/2012 |
10/09/2012 |
- |
Active |
NO |
|
Name : |
Mr. Prasad Setty Avva |
|
Designation : |
Whole-Time Director |
|
Address : |
Plot No.85, 2nd Cross, Gandhinagar, Bellary – 583103,
Karnataka, India |
|
Date of Birth/Age : |
01.06.1955 |
|
Date of Appointment : |
01.10.2011 |
|
DIN No.: |
00230854 |
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 |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U85110KA1991PLC011614 |
MAHESH
EXTRUSIONS LIMITED |
Whole-time
director |
01/10/2011 |
29/01/1991 |
- |
Active |
NO |
|
2 |
U51495KA1999PTC025567 |
APOORVA PIPES PRIVATE
LIMITED |
Director |
06/08/1999 |
06/08/1999 |
- |
Active |
NO |
|
3 |
U27104KA2004PLC034136 |
MAHESH SPONGE
IRON AND POWER LIMITED |
Director |
16/06/2004 |
16/06/2004 |
31/10/2006 |
Active |
NO |
|
4 |
U85110KA1999PTC024820 |
BCITS PRIVATE
LIMITED |
Director |
01/10/2004 |
01/10/2004 |
24/06/2013 |
Active |
NO |
|
5 |
U74994KA2006PTC040445 |
ZYCOMM
INNOVATIONS PRIVATE LIMITED |
Director |
08/09/2006 |
08/09/2006 |
14/02/2013 |
Active |
NO |
|
6 |
U45203AP2007PTC053316 |
LEAD INFRASTRUCTURE
PROJECTS PRIVATE LIMITED |
Director |
11/05/2008 |
11/05/2008 |
- |
Active |
NO |
|
Name : |
Mr. Nannuru Mahendra Eshwara Prasad |
|
Designation : |
Director |
|
Address : |
Plot No. 406-407, MAITHRI Apartments, Judge Colony, M F Extension R T
Nagar, Bangalore – 560032, Karnataka, India |
|
Date of Birth/Age : |
01.07.1955 |
|
Date of Appointment : |
28.09.1994 |
|
DIN No.: |
02051169 |
KEY EXECUTIVES
|
Name : |
Krishnamurthy and Vijayanagar |
|
Designation : |
Company Secretary |
|
Address : |
Sri Krishna Mahal 53/1, West Anjaneya Temple Street, Gandhi Bazaar, Basavanagudi,
Bengluru – 560004, Karnataka, India |
|
Tel. No.: |
91-839-26614323 / 26612866 |
|
Mobile No.: |
91-9448513473 |
|
Email: |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
A Prasad Setty |
250600 |
|
A Hima Kumari |
91000 |
|
A Pranathi |
99500 |
|
A Madhuri |
100700 |
|
A Mahesh |
351100 |
|
A Sreedhar Gupta |
31500 |
|
Gunda Subramanya |
20000 |
|
Anwar Hussain |
4500 |
|
H M Ravindra Swamy |
4500 |
|
H K Venkatesha Rao |
30000 |
|
H K Brunda |
10000 |
|
G K Jagdesh |
4000 |
|
T Nagendra |
4000 |
|
K Nagaraja |
10000 |
|
K Vani |
4000 |
|
M R Krishna Rangaiah |
9000 |
|
Sreelakshmi |
4500 |
|
S Nagamani |
10000 |
|
T Munieshawarchar |
10000 |
|
T Saroja |
4500 |
|
Sreenivasa Gupta |
8000 |
|
Sreenivasa Rao |
15000 |
|
V Krishna |
4500 |
|
C Pompanna |
10000 |
|
G Mruthinajaya |
4500 |
|
G Adeppa |
6500 |
|
S Somanatha |
10000 |
|
P Sreenivasalu |
5000 |
|
P Sreedevi |
4500 |
|
Ashoka Jain |
100 |
|
Padamavathi |
100 |
|
Prethi |
1000 |
|
Kreethi |
800 |
|
Ramesh Babu |
100 |
|
Eshwar Prasad |
16600 |
|
|
|
|
Total |
1140100 |
AS ON 30.09.2013
|
Category |
Percentage of
Holding |
|
Directors or relatives of directors |
92.00 |
|
Other top fifty (50) shareholders (other than listed above) |
8.000 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier, Importer and Exporter of Mahesh Brand UPVC
PIPES, Ring Title Pipes, HDPE Pipes, UGD Pipes, Plumbing Pipes, Casing
PVC Pipes and SIRI Brand title Grout, Wall Putty, Tile Adhesive, Construction
Chemicals, Water Proof Compound, Epoxy Resins, etc. |
GENERAL INFORMATION
|
No. of Employees : |
50 (Approximately) |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of Mysore, Cantonment Branch, Bellary,
Bellary – 583104, Karnataka, India |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
Cash Credit Facilities from State Bank of Mysore are secured on
a parl passu first charge against hypothecation of Stocks and Personal
Guarantee of Director. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M R K Reddy and Company Chartered Accountant |
|
Address : |
2-1-745, Flat No. 101, Manohar Apartments, Vidyanagar, Hyderabad –
500044, Andhra Pradesh, India |
|
PAN No.: |
ACAPM8952B |
|
|
|
|
Associates: |
·
Sujala Pipers Private Limited ·
Apoorva Pipes Private Limited ·
Ananth PVC Pipes Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1140100 |
Equity Shares |
Rs.10/- each |
Rs.11.401 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 |
11.401 |
11.401 |
11.401 |
|
(b) Reserves & Surplus |
28.169 |
24.264 |
21.443 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
3.878 |
4.794 |
13.261 |
|
Total
Shareholders’ Funds (1) + (2) |
43.448 |
40.459 |
46.105 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
35.641 |
27.893 |
29.591 |
|
(b) Deferred tax liabilities (Net) |
6.977 |
5.838 |
4.932 |
|
(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) |
42.618 |
33.731 |
34.523 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
87.872 |
100.847 |
84.530 |
|
(b) Trade payables |
54.163 |
26.892 |
32.919 |
|
(c) Other current
liabilities |
15.152 |
10.182 |
10.838 |
|
(d) Short-term provisions |
1.198 |
0.893 |
0.702 |
|
Total Current Liabilities (4) |
158.385 |
138.814 |
128.989 |
|
|
|
|
|
|
TOTAL |
244.451 |
213.004 |
209.617 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
76.590 |
69.432 |
64.164 |
|
(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) |
1.811 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
78.401 |
69.432 |
64.164 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
51.208 |
34.828 |
33.016 |
|
(c) Trade receivables |
85.201 |
85.739 |
72.080 |
|
(d) Cash and cash
equivalents |
11.735 |
15.362 |
18.077 |
|
(e) Short-term loans
and advances |
17.906 |
7.643 |
22.280 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
166.050 |
143.572 |
145.453 |
|
|
|
|
|
|
TOTAL |
244.451 |
213.004 |
209.617 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
585.877 |
405.529 |
309.309 |
|
|
|
Other Income |
1.372 |
1.471 |
0.449 |
|
|
|
TOTAL (A) |
587.249 |
407.000 |
309.758 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
467.009 |
316.831 |
245.273 |
|
|
|
Changes in Inventories of Finished Goods, Work-In-Progress and Stock
In Trade. |
1.428 |
3.520 |
(5.981) |
|
|
|
Employee Benefit Expenses |
20.689 |
12.071 |
10.169 |
|
|
|
Other Expenses |
67.019 |
47.287 |
37.805 |
|
|
|
TOTAL (B) |
556.145 |
379.709 |
287.266 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
31.104 |
27.291 |
22.492 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
19.809 |
17.874 |
13.506 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.295 |
9.417 |
8.986 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.006 |
4.730 |
4.970 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
6.289 |
4.687 |
4.016 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
2.383 |
1.867 |
1.561 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
3.906 |
2.820 |
2.455 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.10/-) |
3.43 |
2.47 |
2.15 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.66
|
0.69 |
0.79 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.07
|
1.15 |
1.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.59
|
2.20 |
1.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.12 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.84
|
3.18 |
2.47 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05
|
1.03 |
1.13 |
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 |
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 |
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 |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Term Loans From Directors |
1.082 |
3.837 |
|
Term Loans From Other |
0.000 |
0.227 |
|
|
|
|
|
Total |
1.082 |
4.064 |
VIEW INDEX OF CHARGES
|
* Date of charge modification
FIXED ASSTES
·
Factory Building
·
Land
·
Vehivle
·
Electric Equipment
·
Lab Equipment
·
Office Equipment
·
Machinery
·
Furniture
·
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.61.63 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Information Gathered
by : |
MHA |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
2OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
1 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
20 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.