MIRA
INFORM REPORT
|
Report Date : |
22.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
ECLIPSE
GLOBAL PRIVATE LIMITED (w.e.f. 27.07.2012) |
|
|
|
|
Formerly Known
As : |
SAMEER
E-CLIPSE (PRODUCTS) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
903/10, G.I.D.C.
Industrial Estate, Makarpura, Vadodara – 390 010, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.12.2002 |
|
|
|
|
Com. Reg. No.: |
04-041658 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.1.800
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909GJ2002PTC041658 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Aluminium Blinds and Insulating
Systems. |
|
|
|
|
No. of Employees
: |
18 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 147000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
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 loss
that company has incurred from its operational activities during financial
year 2013. However, trade
relations are fair. Business is active. Payment terms are slow but correct. The company can
be considered for business dealings 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) |
|
|
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
NEWS
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
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
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
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Ms. Zankhana |
|
Designation : |
Senior Executive |
|
Contact No.: |
91-265-2638945 |
|
Date : |
18.07.2014 |
LOCATIONS
|
Registered Office/ Factory : |
903/10, G.I.D.C.
Industrial Estate, Makarpura, Vadodara – 390 010, |
|
Tel. No.: |
91-265-2638945/ 2632966 |
|
Fax No.: |
91-265-2638950/ 2638940 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Dealer Locator : |
Located at: · Mumbai · Shimla ·
· Vadodara ·
·
·
·
Jaipur |
DIRECTORS
AS ON 21.06.2013
|
Name : |
Mr. Sameer Subhash Khera |
|
Designation : |
Director |
|
Address : |
903/B, Bhadralok, |
|
Date of Birth/Age : |
05.04.1966 |
|
Date of Appointment : |
09.12.2002 |
|
DIN No.: |
00009317 |
|
|
|
|
Name : |
Mr. Bhavik Subhash Khera |
|
Designation : |
Director |
|
Address : |
803, |
|
Date of Birth/Age : |
21.11.1968 |
|
Date of Appointment : |
09.12.2002 |
|
DIN No.: |
00009347 |
KEY EXECUTIVES
|
Name : |
Ms. Zankhana |
|
Designation : |
Senior Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.06.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sameer Subhash Khera |
|
60000 |
|
Bhavik Subhash Khera |
|
60000 |
|
Franz Schaumberger, |
|
60000 |
|
Total
|
|
180000 |
AS ON 21.06.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
33.34 |
|
Directors
or relatives of directors |
|
66.66 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Aluminium Blinds and Insulating
Systems. |
|
|
|
|
Exports : |
|
|
Products : |
·
Aluminium Blinds and Insulating Systems |
|
Countries : |
·
|
|
|
|
|
Imports : |
|
|
Products : |
·
Raw Materials |
|
Countries : |
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment |
|
|
|
|
Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS [AS ON 31.03.2011]:
|
Particulars |
Year
ended 31.03.2011 |
|
(As certified by
the Management) |
|
|
Electronically
Controlled Aluminium Blinds |
|
|
Licensed Capacity |
N.A. |
|
Installed Capacity (Nos.) |
20000 |
|
Actual Production |
5327 |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
18 (Approximately) |
|
|
|
|
Bankers : |
·
State Bank of India, Specialised SSI Branch,
Makarpura Industrial Estate, V.C.C.I. Building, Makarpura, Vadodara – 390
010, Gujarat, India ·
Citi Bank |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K.C. Mehta and Company Chartered Accountants |
|
Address : |
2nd Floor, Meghdhanush, Race Course, Vadodara – 390 007, |
|
Tel. No.: |
91-265-2341626/ 3086400 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AABFK1558J |
|
|
|
|
Subsidiary Company : |
Eclipse Global
GmbH (w.e.f. 10.05.2011) Address: Ennserstraße 80, 4407 Tel. No.: +43 676 92 84848 Fax No.: +43 7257 73001 20 E-Mail: office@eclipseglobal.at |
|
|
|
|
Associate Company : |
SEE Linkages
Private Limited* Address: 623, G.I.D.C., Makarpura, Vadodara, (*With effect from 1st April 2012, Sameer Linkages Private
Limited is merged with Sameer Linkages (Exports) Private Limited. Subsequent to
Amalgamation Sameer Linkages (Exports) Private Limited is renamed as SEE
Linkages Private Limited.) |
|
|
|
|
Associate Concern : |
Subera Engineering |
|
|
|
|
|
SEE Foundation |
CAPITAL STRUCTURE
AS ON 21.06.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
180000 |
Equity Shares |
Rs.10/- each
|
Rs.1.800
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 |
1.800 |
1.800 |
1.800 |
|
(b) Reserves & Surplus |
34.826 |
35.623 |
21.390 |
|
(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) |
36.626 |
37.423 |
23.190 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.058 |
0.064 |
0.119 |
|
(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) |
0.058 |
0.064 |
0.119 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
0.934 |
2.415 |
2.966 |
|
(c) Other
current liabilities |
1.939 |
3.642 |
3.075 |
|
(d) Short-term
provisions |
0.120 |
10.329 |
13.161 |
|
Total Current
Liabilities (4) |
2.993 |
16.386 |
19.202 |
|
|
|
|
|
|
TOTAL |
39.677 |
53.873 |
42.511 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3.402 |
3.523 |
4.247 |
|
(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 |
1.789 |
1.789 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
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 |
5.191 |
5.312 |
4.247 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
4.042 |
0.000 |
5.221 |
|
(b) Inventories |
21.429 |
16.184 |
14.817 |
|
(c)
Trade receivables |
3.234 |
7.468 |
10.504 |
|
(d) Cash
and cash equivalents |
1.860 |
21.635 |
5.831 |
|
(e)
Short-term loans and advances |
3.921 |
3.274 |
1.891 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
34.486 |
48.561 |
38.264 |
|
|
|
|
|
|
TOTAL |
39.677 |
53.873 |
42.511 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations (Net) |
|
82.606 |
89.573 |
|
|
|
Other Income |
|
0.061 |
0.292 |
|
|
|
TOTAL (A) |
19.692 |
82.667 |
89.865 |
|
|
|
(Due to less orders received) |
|
||
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials
Consumed |
|
31.909 |
38.404 |
|
|
|
Other Direct Expenses |
|
3.017 |
3.828 |
|
|
|
Employee Benefit Expense |
|
5.123 |
4.928 |
|
|
|
Other Expenses |
|
13.530 |
12.644 |
|
|
|
Prior Period Items |
|
(0.184) |
0.000 |
|
|
|
TOTAL (B) |
20.664 (Including
financial and depreciation) |
53.395 |
59.804 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
29.272 |
30.061 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.030 |
0.025 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
|
29.242 |
30.036 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.729 |
0.733 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(0.972) |
28.513 |
29.303 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(0.175) |
5.912 |
15.450 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(0.797) |
22.601 |
13.853 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
22.858 |
10.886 |
21.465 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
2.261 |
1.385 |
|
|
|
Interim Dividend |
0.000 |
0.000 |
9.000 |
|
|
|
Proposed Dividend |
0.000 |
7.200 |
10.800 |
|
|
|
Tax on Dividend |
0.000 |
1.168 |
3.247 |
|
|
BALANCE CARRIED
TO THE B/S |
22.061 |
22.858 |
10.886 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Sale (FOB Basis) |
16.985 |
77.319 |
85.246 |
|
|
|
Development Charges |
0.000 |
0.000 |
2.610 |
|
|
TOTAL EARNINGS |
16.985 |
77.319 |
87.856 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Material Import |
11.068 |
29.012 |
37.355 |
|
|
|
Capital Goods |
0.088 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
11.156 |
29.012 |
37.355 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(4.43) |
125.56 |
76.96 |
|
|
Particulars |
31.03.2014 |
|
Sales Turnover (Approximately) |
48.000 |
|
|
|
The above information has been parted by Ms. Zankhana (Senior
Executive).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(4.05) |
27.34 |
15.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
34.52 |
32.71 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.57) |
54.74 |
68.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03) |
0.76 |
1.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
11.52 |
2.96 |
1.99 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
1.800 |
1.800 |
1.800 |
|
Reserves & Surplus |
21.390 |
35.623 |
34.826 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
23.190 |
37.423 |
36.626 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
89.865 |
82.667 |
19.692 |
|
|
|
(8.010) |
(76.179) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Total Income |
89.865 |
82.667 |
19.692 |
|
Profit |
13.853 |
22.601 |
(0.797) |
|
|
15.42% |
27.34% |
(4.05%) |
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% |
Yes |
|
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 |
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 |
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] |
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 |
CONTINGENT LIABILITIES:
|
Particulars |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
Income Tax |
2.351 |
0.171 |
FIXED ASSETS:
·
Renovation in leased
building
·
Plant and Machinery
·
Electrical Installation
·
Tools and Equipments
·
Dies and Moulds
·
Computer
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government official
or a family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.19 |
|
|
1 |
Rs.102.87 |
|
Euro |
1 |
Rs.81.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
- |
|
--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 |
NO |
|
--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 |
|
27 |
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.