MIRA INFORM REPORT
|
Report Date : |
05.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
A TO Z ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 167/168, 4th Lane, Darukhana, Reay Road, Mumbai –
400010, Maharahtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.03.2006 |
|
|
|
|
Com. Reg. No.: |
11-160869 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 44.600 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2006PTC160869 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of tools and alloys steel |
|
|
|
|
No. of Employees
: |
50 (Approximetly) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 220000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Carrect |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial
risk profile and low reserves of the company However, trade relations 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a
second straight year of sub-5 % growth – the worst slowdown in more than a quarter
of a century. The data was below an official estimate of 4.9 % annual growth
and compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A
sharp fall in gold imports due to restrictions on overseas purchases and muted
import of capital goods helped shrink the current account deficit.
Online retailer Flipkart has acquired fashion
portal Myntra as it prepares to battle with the rapidly expanding India arm of
the global e-commerce giant Amazon. The company raised $ 210 million from
Russian Investment firm DST Global which has also invested in companies like
Facebook, Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune in the second half of 2014. GM was one of the
few global carmakers that was using its India plant only for the domestic
market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward
Brown. Google’s brand value shot up 40 % in a year to $ 158.84 billion. The top
10 of the 100 slots were dominated by US companies.
Infosys lost another heavy weight when B G
Srinivas, a board member put in his papers. He is the third CEO-hopeful to quit
after Chairman N R Narayana Murthy’s return to the company – Ashok Vemuri and V
Balakrishnan being the other two.While Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted
biggest quarterly loss – Rs 2153.37 crore – in the three months ended March 31,
mainly because it has been offering discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of Amway
India was arrested by the Andhra Pradesh Police in connection with a complaint
against the direct selling firm. This is the second time that he has been taken
into custody. A year, ago the Kerala Police had arrested Pinckney and two
company directors on charges of financial irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies. China’s action which
targets consultancies like McKinsey & Co. and the Boston Consulting Group,
sterns from fears that the first are providing trade secrets to the US
governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy
AstraZeneca for nearly $ 118 billion after the latter refused an offer of 55
pounds a share.
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 BY
|
Name : |
Mr. Palak K Mehta |
|
Designation : |
Director |
|
Contact No.: |
91-22-23701290 |
|
Date : |
3.07.2014 |
LOCATIONS
|
Registered Office / Factory Address : |
Plot No. 168, 4th Lane, Darukhana, Reay Road, Mumbai –
400010, Maharahtra, India |
|
Tel. No.: |
91-22-23701290 / 23734746 |
|
Mobile No.: |
91-9820911384 ( Mr. Palak K Mehta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Kirit Chandulal Mehta |
|
Designation : |
Director |
|
Address : |
701, Swapna Building, Tarabag, Motisha Lane,Mazgaon, Mumbai – 400010,
Maharashtra, India |
|
Date of Birth/Age : |
14.05.1981 |
|
Date of Appointment : |
30.03.2006 |
|
DIN No.: |
00926660 |
|
|
|
|
Name : |
Mr. Palak Kirit Mehta |
|
Designation : |
Director |
|
Address : |
701, Swapna Building, Tarabag, Motisha Lane,Mazgaon, Mumbai – 400010,
Maharashtra, India |
|
Date of Birth/Age : |
26.02.1950 |
|
Date of Appointment : |
30/03/2006 |
|
DIN No.: |
00926684 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kirit C Mehta |
|
30750 |
|
Palak K Mehta |
|
30500 |
|
Kirit C Mahta HUF |
|
200 |
|
Pallavi K Mehta |
|
100 |
|
Sunil P Shah |
|
100 |
|
Forging India |
|
23350 |
|
Pragnesh Sanghvi |
|
5000 |
|
Amit S Agrawal |
|
5000 |
|
Arpit S Agrawal |
|
5000 |
|
Naishad Investment |
|
550000 |
|
Jayshree D Desai |
|
200000 |
|
Washington Software Limited |
|
150000 |
|
Washington Software Limited |
|
10000 |
|
Manas Realtors Private Limited |
|
50000 |
|
Colourshop Trading Company Private Limited |
|
50000 |
|
Dipankar Steel Private Limited |
|
50000 |
|
Golden Agro Products Private Limited |
|
50000 |
|
Induja Traders Private Limited |
|
50000 |
|
Nirvana Clothing Private Limited |
|
50000 |
|
Priya Exim Private Limited |
|
100000 |
|
Vanquish Invest and Leasing PL |
|
50000 |
|
Total
|
|
1460000 |
|
Names of Shareholders |
|
No. of Shares |
|
Shivalik Ventures Private Limited |
|
210000 |
|
Washington Software Limited |
|
90000 |
|
Total |
|
300000 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
81.05 |
|
Directors
or relatives of directors |
|
18.95 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of tools and alloys steel |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Products : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Exports : |
|
||||||||||||||||||||||||
|
Products : |
Finished Good |
||||||||||||||||||||||||
|
Countries : |
Gulf Countries |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Imports : |
|
||||||||||||||||||||||||
|
Products : |
Raw Material |
||||||||||||||||||||||||
|
Countries : |
China |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Terms : |
|
||||||||||||||||||||||||
|
Selling : |
Depend |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
Suppliers : |
Jindal steel Limited |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
Orione Hydraulic Private Limited |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
50 (Approximetly) |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Vinod S. Mehta and Company Chartered Company |
|
Address : |
114, Jolly Bhavan-1, 10, New Marine Lines, Mumbai – 400002,
Maharashtra, India |
|
Tel. No.: |
91-22-66333501/ 02 / 13 / 04 |
|
Fax No.: |
91-22-66333506 |
|
E-Mail : |
|
|
PAN No.: |
AADFV0519Q |
|
|
|
|
Sister Concern : |
Mehta Forgings |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs. 10/-each |
Rs. 20.000 Millions |
|
300000 |
Preference Shares |
Rs. 100/- each |
Rs. 30.000 Millions |
|
|
Total |
|
Rs.50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
1460000 |
Equity Shares |
Rs. 10/-
each |
Rs. 14.600
Millions |
|
|
300000 |
Preference Shares |
Rs. 100/-
each |
Rs. 30.000
Millions |
|
|
|
Total |
|
Rs.44.600 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 |
44.600 |
40.600 |
40.000 |
|
(b) Reserves &
Surplus |
12.174 |
10.668 |
4.200 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
1.000 |
|
Total Shareholders’ Funds
(1) + (2) |
56.774 |
51.268 |
45.200 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.445 |
2.690 |
2.815 |
|
(b) Deferred tax
liabilities (Net) |
0.027 |
0.028 |
0.037 |
|
(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) |
1.472 |
2.718 |
2.852 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
13.722 |
5.497 |
14.264 |
|
(b) Trade payables |
18.355 |
39.297 |
29.369 |
|
(c) Other current
liabilities |
0.816 |
0.121 |
0.023 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
32.893 |
44.915 |
43.656 |
|
|
|
|
|
|
TOTAL |
91.139 |
98.901 |
91.708 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.936 |
3.534 |
2.835 |
|
(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 |
0.330 |
0.327 |
0.327 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.873 |
8.072 |
6.736 |
|
(e) Other Non-current
assets |
0.061 |
0.175 |
0.168 |
|
Total Non-Current Assets |
9.200 |
12.108 |
10.066 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
13.544 |
31.317 |
40.746 |
|
(c) Trade receivables |
63.035 |
53.776 |
38.544 |
|
(d) Cash and cash
equivalents |
3.306 |
0.450 |
1.195 |
|
(e) Short-term loans and
advances |
2.031 |
1.203 |
1.152 |
|
(f) Other current assets |
0.023 |
0.047 |
0.005 |
|
Total Current Assets |
81.939 |
86.793 |
81.642 |
|
|
|
|
|
|
TOTAL |
91.139 |
98.901 |
91.708 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
213.867 |
154.366 |
149.166 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
211.626 |
152.807 |
147.575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
2.241 |
1.559 |
1.591 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.735 |
0.010 |
0.557 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.506 |
1.549 |
1.034 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.86 |
0.88 |
0.59 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover |
|
|
320.000 |
The above information has been parted by Mr. Palak K Mehta
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
PAT / Total Income |
(%) |
0.70 |
1.00 |
0.69 |
|
|
|
|
|
|
|
Return on Total Assets PBT/Total Assets} |
(%) |
2.47 |
1.58 |
1.74 |
|
|
|
|
|
|
|
Return on Investment
(ROI) (PBT/Networth) |
|
0.04 |
0.03 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.27 |
0.16 |
0.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.49 |
1.93 |
1.87 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
40.000 |
40.600 |
44.600 |
|
Reserves & Surplus |
4.200 |
10.668 |
12.174 |
|
Share Application money
pending allotment |
1.000 |
0.000 |
0.000 |
|
Net worth |
45.200 |
51.268 |
56.774 |
|
|
|
|
|
|
long-term borrowings |
2.815 |
2.690 |
1.445 |
|
Short term borrowings |
14.264 |
5.497 |
13.722 |
|
Total borrowings |
17.079 |
8.187 |
15.167 |
|
Debt/Equity ratio |
0.378 |
0.160 |
0.267 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
149.166 |
154.366 |
213.867 |
|
|
|
3.486 |
38.545 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
149.166 |
154.366 |
213.867 |
|
Profit |
1.034 |
1.549 |
1.506 |
|
|
0.69% |
1.00% |
0.70% |
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 |
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 |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
UNSECURED LOANS :
|
Particular |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
Long Term Borrowing |
|
|
|
From other
Parties |
|
|
|
Loans and
advances from related Parties |
1.166 |
2.539 |
|
|
|
|
|
Short Term Borrowing |
|
|
|
Loans repayable
on demand |
0.000 |
0.462 |
|
Total |
1.166 |
3.001 |
INDEX CHARGES :
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10454373 |
23/09/2013 |
25,000,000.00 |
Abhyudaya Co-op Bank Ltd |
Administrative
Office, K.K Tower, Off G.D Ambedka |
B87255105 |
|
2 |
10221783 |
12/05/2010 |
1,675,000.00 |
RUPEE CO-OP. BANK LIMITED |
2062,, SADASHIV
PETH,, PUNE, Maharashtra - 411030 |
A85761088 |
FIXED ASSETS :
- Plant and
Machinery
- Equipment
- Furniture and
Fixture
- Vehicles
- Computer
·
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.59.79 |
|
|
1 |
Rs. 102.66 |
|
Euro |
1 |
Rs. 81.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis
Done by : |
KAR |
|
|
|
|
Report
Prepared by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.