MIRA
INFORM REPORT
|
Report Date : |
12.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ADINO TELECOM LIMITED |
|
|
|
|
Registered
Office : |
C-11, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
27.03.1992 |
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Com. Reg. No.: |
11-066132 |
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Capital
Investment / Paid-up Capital : |
Rs.7.500 Millions |
|
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|
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CIN No.: [Company Identification
No.] |
U84200MH1992PLC066132 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA07962D |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Importer, distributor Service Provider of telecom Products. |
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 267000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company possesses a modest financial profile marked by small scale
of operations and high working capital intensity resulting in weak cash flow
position. However, the management has seen an improvement in its overall
profitability during 2013. Trade relations are appears to be fair. Business is active. Payments
are reported as slow but correct. In view of long track record of the company in the business, the
subject an 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.
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years,
according to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales in
the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Based Limits B + |
|
Rating Explanation |
This rating are considered to have high risk
of default regarding timely servicing
of financial obligation |
|
Date |
June 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Proposed Limits A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
June 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE (91-22-66044600)
LOCATIONS
|
Registered Office : |
C-11, Sea- Face Park, 5th Floor, 50 Bhulabhai Desai Road,
Mumbai – 400026, Maharashtra, India |
||
|
Tel. No.: |
91-22-23637694 |
||
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office : |
B-3/4, Nandkishore Industrial Estate, Off Mahakali Caves Road, Andheri
(East) Mumbai - 400 093, Maharashtra, India |
||
|
Tel. No.: |
91-22-66044600 |
||
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Fax No.: |
91-22-66044647 |
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Branch Office : |
Located at · New Delhi · Bangalore · Gandhinagar · Kolkata ·
Secundrebad |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Vijay Jaikrishin Mansukhani |
|
Designation : |
Managing director |
|
Address : |
C-11, Sea- Face Park, 5th Floor, 50 Bhulabhai Desai Road,
Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
21.06.1949 |
|
Date of Appointment : |
27.03.1992 |
|
DIN No.: |
01041809 |
|
|
|
|
Name : |
Mr. Gulu Lalchand Mirchandani |
|
Designation : |
Director |
|
Address : |
D-131, Tahnee Heights, D Block, Petit Hall, Neapeansea Road, Mumbai –
400006, Maharashtra, India |
|
Date of Birth/Age : |
12.06.1943 |
|
Date of Appointment : |
27.03.1992 |
|
DIN No.: |
00026664 |
|
|
|
|
Name : |
Mrs. Ayesha Vijay Mansukhani |
|
Designation : |
Director |
|
Address : |
C-11, Sea- Face Park, 5th Floor, 50 Bhulabhai Desai Road,
Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
21.03.1983 |
|
Date of Appointment : |
15.12.2010 |
|
DIN No.: |
03360742 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Vijay Jaikrishin Mansukhani |
517997 |
|
Guhi Lalchand Mirchandani |
199999 |
|
Gita Gulu Mirchandani |
1 |
|
Marissa Vijay Mansukhani |
1 |
|
Akshay V. Mansukhani |
1 |
|
Ayesha V. Mansukhani |
1 |
|
IIFL Wealth Management Limited (As Trustee), India |
30000 |
|
Ms. Riya Malani Through her natural guardian Mr. Lalit Malani |
1000 |
|
Ms. Simran Malani Through her natural guardian Mr. Lalit Malani |
1000 |
|
Total |
750000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
4.00 |
|
Directors or relatives of Directors |
95.73 |
|
Other top fifty shareholders |
0.27 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer, distributor Service Provider of telecom Products. |
|
|
|
|
Products : |
·
Analog Radios ·
Digital Transceivers ·
Manageable Switches ·
Routers ·
SMF Battery ·
UHF Radios ·
VHF Radios ·
Wireless Equipments |
GENERAL INFORMATION
|
Suppliers : |
· Autobat Accumulator Private Limited · Axiom Energy Conversion (Private) Limited · Eion Inc · Frontier Trading Company · Gayatri Dimensions, · GenextSolutions · Himalayan Electronics · Riya Electronics · Shenzhen Center Power Tech Company Limited · S.K.Industrial Corporation · S.Kumar Computers Private Limited-Vadodara · SystemsCreator · Telimart Systems · Vsquare Networks · Yeonwha M Tech Company Limited ·
CGS Networks Private Limited |
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Customers : |
·
Micro Inks ·
Patni ·
Hindalco ·
Toyota ·
Rallis ·
Bharti ·
Tata Steel ·
British Gas ·
GNFC ·
Indian Oil ·
Reliance Energy ·
Ranbaxy Laboratories Limited ·
Air India ·
NIIT ·
Cadbury ·
Blue Dart ·
Raymond |
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No. of Employees : |
Information declined by the management |
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Bankers : |
Bank of India, Andherilarge Corporate Branch, M.D.I Building, 28, S.V Road, Andheri (West), Mumbai - 400058, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
V. M Hemrajani and Company Chartered Accountants |
|
Address : |
1st Floor, Indian Globe Chambers, Fort Street, Mumbai – 400001,
Maharashtra, India |
|
Tel No. : |
91-22-22611170 |
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Fax No. : |
91-22-22659701 |
|
PAN
No. : |
AAAPH6194E |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 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 |
7.500 |
7.500 |
7.500 |
|
(b) Reserves & Surplus |
59.225 |
47.359 |
35.510 |
|
(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) |
66.725 |
54.859 |
43.010 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
95.766 |
90.765 |
78.133 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
95.766 |
90.765 |
78.133 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
31.529 |
24.914 |
52.701 |
|
(c) Other current liabilities |
6.385 |
7.812 |
9.332 |
|
(d) Short-term provisions |
6.641 |
6.624 |
4.312 |
|
Total
Current Liabilities (4) |
44.555 |
39.350 |
66.345 |
|
|
|
|
|
|
TOTAL |
207.046 |
184.974 |
187.488 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
6.252 |
6.735 |
8.166 |
|
(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 |
8.484 |
8.645 |
11.415 |
|
(c) Deferred tax assets (net) |
0.467 |
0.575 |
0.207 |
|
(d) Long-term Loan
and Advances |
1.822 |
1.734 |
1.522 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
17.025 |
17.689 |
21.310 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
25.034 |
30.542 |
16.308 |
|
(c) Trade receivables |
139.064 |
110.741 |
125.702 |
|
(d) Cash and cash equivalents |
0.748 |
1.607 |
1.749 |
|
(e) Short-term loans and advances |
9.463 |
10.842 |
10.411 |
|
(f) Other current assets |
15.712 |
13.553 |
12.008 |
|
Total
Current Assets |
190.021 |
167.285 |
166.178 |
|
|
|
|
|
|
TOTAL |
207.046 |
184.974 |
187.488 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
182.413 |
160.860 |
190.332 |
|
|
|
Other Income |
0.882 |
1.676 |
0.754 |
|
|
|
TOTAL |
183.295 |
162.536 |
191.086 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
91.726 |
83.403 |
110.232 |
|
|
|
Changes in inventories Stock-in-Trade |
5.508 |
(14.234) |
2.452 |
|
|
|
Employees benefits expense |
25.298 |
27.279 |
24.691 |
|
|
|
Operational and Other Expenses |
29.714 |
33.475 |
26.002 |
|
|
|
TOTAL |
152.246 |
129.923 |
163.377 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
31.049 |
32.613 |
27.709 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
13.669 |
13.250 |
11.853 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
17.380 |
19.363 |
15.856 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.668 |
2.082 |
2.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
15.712 |
17.281 |
13.732 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.845 |
5.433 |
3.876 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
11.867 |
11.848 |
9.856 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
15.82 |
15.80 |
13.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
6.47
|
7.29 |
5.16 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.61
|
10.74 |
7.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.93
|
9.83 |
7.81 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23
|
0.31 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.43
|
1.65 |
1.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.26
|
4.25 |
2.50 |
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 |
7.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
35.510 |
47.359 |
59.225 |
|
Net
worth |
43.010 |
54.859 |
66.725 |
|
|
|
|
|
|
long-term borrowings |
78.133 |
90.765 |
95.766 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
78.133 |
90.765 |
95.766 |
|
Debt/Equity
ratio |
1.817 |
1.655 |
1.435 |
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) |
|
Sales |
190.332 |
160.86 |
182.413 |
|
|
|
(15.485) |
13.399 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
190.332 |
160.86 |
182.413 |
|
Profit |
9.856 |
11.848 |
11.867 |
|
|
5.18% |
7.37% |
6.51% |
LOCAL AGENCY FURTHER INFORMATION
NOTE: Current
Maturities of Long Term Debts is not available.
|
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advance
from related parties |
|
|
|
Inter Corporate
Deposits |
|
|
|
Miro Electronic Limited |
12.500 |
12.500 |
|
Loans from
directors |
|
|
|
Gulu Mirchandani |
4.166 |
4.165 |
|
Vijay Mansukhani |
40.685 |
33.335 |
|
Nanik Rupam |
0.710 |
1.249 |
|
Dayal Hemrajani |
0.710 |
1.249 |
|
Total |
58.771 |
52.498 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90348953 |
23/08/2010 * |
150,000,000.00 |
BANK OF INDIA |
Andheri Large Corporate Branch, M.D.I Building, 28, S.V Road, Andheri (West),
Mumbai -400058, Maharashtra India |
A96287685 |
* Date of charge modification
FIXED ASSETS
œ
Testing Equipments
œ
Furniture and Fixture
œ
Office Equipments
œ
Computers
œ
Vehicles
œ
Air conditioner
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 exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l Anti-Money
Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.70 |
|
|
1 |
Rs.100.97 |
|
Euro |
1 |
Rs.84.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.