MIRA
INFORM REPORT
|
Report Date : |
10.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASIAN WIRE FORMING AND SPRINGS PRIVATE LIMITED |
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|
|
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Registered
Office : |
Plot No. 30/4,
Wearwell Cycle Compound, NIT Industrial
Area, |
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Country : |
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|
|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
04.09.2003 |
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Com. Reg. No.: |
05-035195 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.039
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U29199HR2003PTC035195 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of various types of Springs. |
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No. of Employees
: |
95 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 137800 |
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|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is good. Trade relations are reported as fair. Business is active. Payment term
are reported to be usually correct. 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 – 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. Shrikant |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-129-4140041 |
|
Date : |
09.07.2014 |
LOCATIONS
|
Registered Office/ Works : |
Plot No. 30/4,
Wearwell Cycle Compound, NIT Industrial
Area, Faridabad – 121001, Haryana, India |
|
Tel. No.: |
91-129-4140041-44/ 2237021 |
|
Fax No.: |
91-129-2237021 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ashok Kumar Singh |
|
Designation : |
Managing director |
|
Address : |
48, Sector-15, Faridabad, Haryana, India |
|
Date of Birth/Age : |
02.03.1959 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00813441 |
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|
|
|
Name : |
Mrs. Indira Singh |
|
Designation : |
Whole-time director |
|
Address : |
48, Sector-15, Faridabad, Haryana, India |
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Date of Birth/Age : |
12.06.1962 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
00539792 |
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|
|
|
Name : |
Mrs. Bhumika Singh |
|
Designation : |
Whole-time director |
|
Address : |
48, Sector-15, Faridabad, Haryana, India |
|
Date of Birth/Age : |
02.03.1987 |
|
Date of Appointment : |
01.04.2012 |
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DIN No.: |
03217353 |
KEY EXECUTIVES
|
Name : |
Mr. Shrikant |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Ashok Kumar Singh |
27500 |
5.46 |
|
Indira Singh |
363883 |
72.22 |
|
Ashok Kumar Singh (HUF) |
50000 |
9.92 |
|
Bhumika Singh |
62500 |
12.40 |
|
|
|
|
|
TOTAL
|
503883 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of various types of Springs. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
UK |
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Imports : |
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Products : |
Raw Material |
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Countries : |
·
Taiwan ·
Korea |
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Terms : |
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Selling : |
LC / Cash and Credit |
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Purchasing : |
LC / Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
A R Steels ·
Aditya Technologies ·
Amit International ·
Anchor Logistics ·
Anmol Industrial ·
Creative Coats ·
Dhiraj Metal Corporation ·
Durga Gears ·
Harsh Traders ·
Garg Inox Limited ·
Golden Metal Private Limited ·
Hero Welding Works ·
Jai Bharat Springs ·
Jai Mata Machine Tools ·
P S Tools |
|||||||||||||||||||||
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|
|||||||||||||||||||||
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Customers : |
·
SMR
Automotive Systems Limited ·
Webasto
Motherson ·
Spheros
Motherson ·
Eicher
/ Tafe Motors Limited ·
HI-Lex
India Private Limited ·
Suprajit
Engineering Limited ·
JNS
instruments Private Limited ·
ASK
automotive Private Limited ·
IFB
Automotive Limited ·
ITW
India Limited ·
Aditya
Auto Products and Engg ·
Eaton
Industrial System Private Limited ·
Graziano
Transmission Limited ·
LML
Limited ·
Asahi
India Glass Limited ·
Bony
Polimers Private Limited ·
Premier
Autoplast Private Limited ·
Aisin
Seiki Company Limited ·
Auto
Ignition Limited · Flash Electronics Private Limited |
|||||||||||||||||||||
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No. of Employees : |
95 [Approximately] |
|||||||||||||||||||||
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Bankers : |
·
Canara Bank, SME Branch, Bata Hardware Road, NIT,
Faridabad - 121001, Haryana, India ·
Small Industries Development Bank of India,
Neelam B K Road, NIT, Faridabad - 121001, Haryana, India |
|||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Alok Kumar Gupta and Company Chartered Accountants |
|
Address : |
877, Sector – 17, Faridabad – 121002, Haryana, India |
|
Tel. No.: |
91-129-2285831 |
|
PAN No: |
AATPG4708Q |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
503883 |
Equity Shares |
Rs.10/- each
|
Rs.5.039
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 |
5.039 |
5.039 |
5.039 |
|
(b) Reserves &
Surplus |
29.431 |
25.286 |
21.131 |
|
(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) |
34.470 |
30.325 |
26.170 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
20.813 |
13.912 |
7.923 |
|
(b) Deferred tax
liabilities (Net) |
2.172 |
1.475 |
1.245 |
|
(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) |
22.985 |
15.387 |
9.168 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
34.763 |
35.040 |
32.000 |
|
(b) Trade payables |
21.950 |
28.991 |
17.432 |
|
(c) Other current
liabilities |
2.237 |
1.911 |
1.735 |
|
(d) Short-term provisions |
1.215 |
1.650 |
1.297 |
|
Total Current Liabilities
(4) |
60.165 |
67.592 |
52.464 |
|
|
|
|
|
|
TOTAL |
117.620 |
113.304 |
87.802 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
43.630 |
34.840 |
27.413 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.258 |
0.183 |
0.106 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
43.888 |
35.023 |
27.519 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
23.140 |
23.256 |
13.215 |
|
(c) Trade receivables |
47.717 |
41.010 |
39.201 |
|
(d) Cash and cash
equivalents |
0.285 |
5.323 |
0.227 |
|
(e) Short-term loans and
advances |
1.087 |
1.748 |
1.200 |
|
(f) Other current assets |
1.503 |
6.944 |
6.440 |
|
Total Current Assets |
73.732 |
78.281 |
60.283 |
|
|
|
|
|
|
TOTAL |
117.620 |
113.304 |
87.802 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
179.344 |
165.223 |
162.868 |
|
|
Other Income |
0.328 |
0.260 |
0.336 |
|
|
TOTAL |
179.672 |
165.483 |
163.204 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
167.178 |
154.505 |
154.457 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
12.494 |
10.978 |
8.747 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.432 |
5.000 |
3.658 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
6.062 |
5.978 |
5.089 |
|
|
|
|
|
|
|
Less |
TAX (I) |
1.917 |
1.823 |
1.523 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
4.145 |
4.155 |
3.566 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
13.541 |
9.386 |
5.820 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
17.686 |
13.541 |
9.386 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
8.23 |
8.24 |
7.08 |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover [Approximately] |
|
|
200.000 |
The above information has been parted by Mr. Shrikant.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.31 |
2.51 |
2.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.38 |
3.62 |
3.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.15 |
5.28 |
5.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.20 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.61 |
1.61 |
1.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.16 |
1.15 |
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 |
5.039 |
5.039 |
5.039 |
|
Reserves & Surplus |
21.131 |
25.286 |
29.431 |
|
Net worth |
26.170 |
30.325 |
34.470 |
|
|
|
|
|
|
long-term borrowings |
7.923 |
13.912 |
20.813 |
|
Short term borrowings |
32.000 |
35.040 |
34.763 |
|
Total borrowings |
39.923 |
48.952 |
55.576 |
|
Debt/Equity ratio |
1.526 |
1.614 |
1.612 |
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 |
162.868 |
165.223 |
179.344 |
|
|
|
1.446 |
8.547 |
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 |
162.868 |
165.223 |
179.344 |
|
Profit |
3.566 |
4.155 |
4.145 |
|
|
2.19% |
2.51% |
2.31% |
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29199HR2003PTC035195 |
|
Name of the
company |
ASIAN WIRE FORMING
AND SPRINGS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 30/4,
Wearwell Cycle Compound, NIT Industrial
Area, Faridabad – 121001, Haryana, India Email: guptaalok17@rediffmail.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Movable property (not being pledge) |
|
Particular of
charge holder |
Canara Bank, SME Branch, Bata Hardware Road, NIT, Faridabad - 121001,
Haryana, India Email: fcs2280@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
Canara Mobile
Agreement Sanction
Memorandum |
|
Date of
instrument Creating the charge |
16.11.2012 |
|
Amount secured by
the charge |
Rs. 1.260
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the
rate of 0.75% per annum above the Base Rate (present Base Rate is 10.50%).
Present effective rate is 11.25% per annum to be compounded monthly. Terms of Repayment Repayable in 60
equated Monthly installment of Rs. 27,553 commencing from December 2012. Margin As stipulated by
Bank Extent and Operation of the charge The borrower
shall maintain at his own cost the hypothecated vehicle in good order and
condition and serviced timely and get worn out parts replaced within
reasonable time. The borrower shall also keep it in good and marketable
condition and free from any encumbrances. Others The borrower
shall adequately insured the hypothecated vehicle for the full market value
against the risks as may be stipulated by the bank from time to time and
assign the benefit to the bank. |
|
Short particulars
of the property charged |
First charge by
way of hypothecation of Vehicle purchased out of loan amount sanctioned as
provided in Schedule A of Can Mobile Agreement.( Toyota Corola Altis 1.8G pearl
white Car) |
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
From Directors and Relatives |
11.537 |
7.885 |
|
TOTAL
|
11.537 |
7.885 |
FIXED ASSETS:
·
Land
·
Office Equipments
·
Plant and Machinery
·
Electrical Installation
·
Data Processing Equipments
·
Furniture
·
Computer
·
Vehicles
·
Material Handling Equipments
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 records 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 pyments 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.59.73 |
|
|
1 |
Rs.102.36 |
|
Euro |
1 |
Rs.81.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.