MIRA INFORM REPORT
|
Report Date : |
04.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
AISHLONI COPPER ALLOYS PRIVATE LIMITED
(w.e.f. 09.06.2004) |
|
|
|
|
Formerly Known
As : |
AISHLONI TRADE PRIVATE LIMITED (w.e.f. 23.07.2002) E.COPPER.COM INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
205/206, Chartered House, Dr. C.H. Street, Marine Lines, Church Lane,
Mumbai – 400002, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
13.03.2000 |
|
|
|
|
Com. Reg. No.: |
11-124867 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2000PTC124867 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Copper and Copper Alloy Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 370000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having a moderate track. Management has seen a drastic dip in its net profitability during
2013, due to vulnerability in demand fluctuations and fragmented nature of
the industry. The company undertakes modest scale of operations with limited extent
of value profitability and high working capital borrowing utilization. The ratings also take into consideration, company’s access to cheap
power and fiscal incentives given by the government in the form of sales tax
exemptions and income tax rebate all of which supports profitability. Trade relations appear to be fair. Business is active. Payment terms
are reported as slow but correct. In view of promoters long standing experience, established
relationship with reputed clients, the subject 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under
control, said the agency. Ratings firm Crisil has forecast 6 % growth for
2014/15 up from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs.39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital firms
in India during 2013, registering a drop of about 18 % over the previous year.
The Information Technology and IT-Enabled Services Industry retained its
status as the favourable venture capital investors in 2013. Pakistan has
temporarily banned gold imports for the second time in six months, as it tries
to stem smuggling into India. India’s import duty on gold is 10 % and curbs on
purchases have dried up legal imports into what used to be the world’s biggest
bullion buyers. The World Gold Council puts the amount smuggled into India at
upto 200 tonnes in 2013. The Reserve Bank of India has proposed that unclaimed
bank deposits estimated to be about Rs35000 mn be used for education and
awareness among depositors. According to the plan, deposits that have not
been claimed for at least 10 years will be transferred to the scheme.
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 DECLINED BY
|
Name : |
Mr. Dipin |
|
Designation : |
Accounts/ Finance Department |
|
Contact No.: |
91-22-40226277 |
|
Date : |
03.03.2014 |
LOCATIONS
|
Registered Office : |
205/206, Chartered House, Dr. C.H. Street, Marine Lines, Church Lane,
Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-91-22-40226277-78-79 |
|
Fax No.: |
91-22-40226279/ 2209577/ 22095771 |
|
E-Mail : |
|
|
Website : |
http://www.aishloni.net |
|
|
|
|
Factory : |
Shed No. 185/1/1, Dokmardi, Village – Amli, Silvassa – 396230, U.T. of
Dadra and Nagar Haveli, India |
|
Tel. No.: |
91-260-2677923/ 3296934/ 2993433 |
|
Fax No.: |
91-260-2682070 |
DIRECTORS
(AS ON 30.09.2013)
|
Name : |
Mr. Suneel Mardia Rajmalji |
|
Designation : |
Whole Time Director |
|
Address : |
2B, 1st Floor, Karuna Building, Walkeshwar, Mumbia – 400006,
Maharashtra, India |
|
Date of Birth/Age : |
03.07.1965 |
|
Date of Appointment : |
28.05.2011 |
|
DIN No.: |
00283682 |
|
|
|
|
Name : |
Mr. Dhruw Narayan Singh |
|
Designation : |
Director |
|
Address : |
D-102, Geeta Nagar, Phase-VIII, Mira Bhayandar Road, Mira Road (East),
Thane – 401107, Maharashtra, India |
|
Date of Birth/Age : |
20.06.1973 |
|
Date of Appointment : |
05.03.2008 |
|
DIN No.: |
00978219 |
KEY EXECUTIVES
|
Name : |
Mr. Dipin |
|
Designation : |
Accounts/ Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2013)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Priti Mardia |
|
449895 |
|
Nittn Rathod |
|
97500 |
|
Aishwariya Mardia |
|
306583 |
|
Saloni Mardia |
|
443450 |
|
Mahavir Finvest Private Limited, India |
|
390 |
|
Janya Extrusion Private Limited, India |
|
195 |
|
Sarovar Homes Private Limited, India |
|
195 |
|
Sunil R Mardia |
|
686865 |
|
Mahesh Oza |
|
195 |
|
Dhruw Narayan Singh |
|
200195 |
|
Shilu Kumari Singh |
|
196955 |
|
Sarovar Capital Market Limited, India |
|
2030083 |
|
Sujata Rathod |
|
97500 |
|
Atul Shah |
|
116666 |
|
Jaikishan Bharat Shah |
|
66666 |
|
Ayush Rathod |
|
26667 |
|
Gulraj Rathod |
|
13334 |
|
Status Mercantile Private Limited, India |
|
100000 |
|
Garrison Pharma India Limited, India |
|
33333 |
|
Jupitar Multi Trade Private Limited, India |
|
33333 |
|
|
|
|
|
Total
|
|
4900000 |
(AS ON 30.09.2013)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
49.53 |
|
Directors or relatives of Directors |
|
50.46 |
|
Other top fifty (50) Shareholders (Other
than listed above) |
|
1 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Copper and Copper Alloy Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Bank of Baroda Vile Parle (east) Branch, Nitin Niwas, 47, M.G. Road, Vile Parle
(West), Mumbai – 400057, Maharashtra, India ·
Canara Bank |
||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dangi and Associates Chartered Accountant |
|
Address : |
92/C, Govt. Industrial Estate, Kandivali (West), Mumbai – 400067,
Maharashtra, India |
|
Tel No.: |
91-22-28682402/ 28682403 |
|
Fax No.: |
91-22-28683787 |
|
Mobile No.: |
91-9869465945 |
|
PAN No.: |
AFIPD1717N |
CAPITAL STRUCTURE
(AS ON 30.09.2013)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4900000 |
Equity Shares |
Rs.10/- each |
Rs.49.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[All figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
49.000 |
39.000 |
39.000 |
|
(b) Reserves & Surplus |
27.295 |
19.996 |
9.991 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
15.000 |
17.500 |
5.000 |
|
Total
Shareholders’ Funds (1)+(2) |
91.295 |
76.496 |
53.991 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
57.206 |
70.489 |
73.077 |
|
(b) Deferred tax liabilities (Net) |
1.904 |
2.981 |
0.169 |
|
(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) |
59.110 |
73.470 |
73.246 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
87.596 |
76.498 |
71.920 |
|
(b) Trade
payables |
135.863 |
65.839 |
55.215 |
|
(c) Other
current liabilities |
0.745 |
1.593 |
7.969 |
|
(d) Short-term
provisions |
6.158 |
5.839 |
2.922 |
|
Total Current
Liabilities (4) |
230.362 |
149.769 |
138.026 |
|
|
|
|
|
|
TOTAL |
380.767 |
299.735 |
265.263 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
68.640 |
70.875 |
73.965 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
3.211 |
3.093 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.001 |
0.001 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.324 |
0.342 |
0.244 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
68.965 |
74.429 |
77.302 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
41.463 |
41.033 |
41.926 |
|
(c) Trade
receivables |
234.582 |
160.401 |
108.640 |
|
(d) Cash
and cash equivalents |
15.439 |
9.874 |
5.284 |
|
(e)
Short-term loans and advances |
16.831 |
8.647 |
8.601 |
|
(f) Other
current assets |
3.487 |
5.351 |
23.510 |
|
Total
Current Assets |
311.802 |
225.306 |
187.961 |
|
|
|
|
|
|
TOTAL |
380.767 |
299.735 |
265.263 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Turnover |
839.833 |
640.650 |
458.825 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
23.043 |
31.415 |
24.288 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
15.844 |
11.528 |
10.643 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.199 |
19.887 |
13.645 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.698 |
4.153 |
3.655 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
1.501 |
15.734 |
9.990 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.799) |
5.729 |
(0.473) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.300 |
10.005 |
10.463 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.47 |
2.57 |
2.68 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.48
|
5.31 |
3.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.21 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.59
|
1.92 |
2.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.50 |
1.36 |
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 |
39.000 |
39.000 |
49.000 |
|
Reserves & Surplus |
9.991 |
19.996 |
27.295 |
|
Net worth |
48.991 |
58.996 |
76.295 |
|
|
|
|
|
|
long-term borrowings |
73.077 |
70.489 |
57.206 |
|
Short term borrowings |
71.920 |
76.498 |
87.596 |
|
Total borrowings |
144.997 |
146.987 |
144.802 |
|
Debt/Equity ratio |
2.960 |
2.491 |
1.898 |
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) |
|
Gross Turnover |
458.825 |
640.650 |
839.833 |
|
|
|
39.628 |
31.091 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR) |
(INR) |
(INR) |
|
Gross Turnover |
458.825 |
640.650 |
839.833 |
|
Profit |
10.463 |
10.005 |
2.300 |
|
|
2.28% |
1.56% |
0.27% |
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 |
No |
|
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 |
No |
|
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 |
Yes |
|
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 |
------------------------------------------------------------------------------------------------------------------------------
CASE DETAILS
BENCH:-BOMBAY
|
Presentation
Date:- |
26/02/2014 |
|
Lodging No.:- |
CPL/110/2014 |
Filing Date:- |
26/02/2014 |
|
Petitioner:- |
M/s. AB and Company Global Private Limited |
Respondent:- |
Aishloni Copper Alloys
Private Limited (CIN: U72200MH2000PTC124867) |
|
Petn. Adv.:- |
Premlata Jain (I3131) |
|
|
|
District:- |
MUMBAI |
|
|
|
Bench:- |
SINGLE |
|
|
|
Status:- |
Pre-Admission |
Category:- |
COMPANY PETITION U/SEC 433,434,439
COMPANIES ACT |
|
Next Date:- |
06/03/2014 |
Stage:- |
|
|
Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR. MASTER |
|
|
|
Act :- |
Companies Act & Rules 1956 |
Under Section:- |
433, 434 & 439 |
------------------------------------------------------------------------------------------------------------------------------
UNSECURED LOANS
|
Particulars |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Millions) |
|
|
Long Term Borrowings
|
|
|
|
From Bank and Others |
13.523 |
10.397 |
|
From Directors and Relatives and Others |
33.142 |
42.619 |
|
|
|
|
|
Total |
46.665 |
53.016 |
NOTE
The Registered office address of the company has been shifted from 502,
Chartered House, Dr. C H Street, Marine Lines Church Lane, Mumbai – 400 002,
Maharashtra, India, to present address w.e.f. 01.04.2008
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation /Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10332356 |
05/01/2012 |
133,025,000.00 |
Bank of Baroda |
Vile Parle (East) Branch,
Nitin Niwas, 47, M. G. Road, Vile Parle (West), Mumbai, Maharashtra - 400057,
India |
B30744999 |
|
2 |
10325671 |
24/12/2013 * |
142,530,000.00 |
Bank of Baroda |
Nitin Niwas, 47, M.G.
Road, Vile Parle (East), |
B93263820 |
* Date of charge modification
FIXED ASSETS:
· Land
· Building
· Plant and Equipments – General
· Plant and Equipments – Furnace
· Furniture and Fixture
· Vehicles (Motor Car)
· Vehicles (Motor Cycle)
· Office Equipment
· Computer
· Dies and Tools
· Electrical Installation
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 payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair and
reasonable and comparable to compensation paid to others for similar services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.07 |
|
|
1 |
Rs.103.61 |
|
Euro |
1 |
Rs.85.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.