MIRA
INFORM REPORT
|
Report Date : |
14.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARDOR GLOBAL
PRIVATE LIMITED (w.e.f. 12.07.2013) |
|
|
|
|
Formerly Known
As : |
CHEM-EDGE GLOBAL
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
'Ardor House', |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.03.2011 |
|
|
|
|
Com. Reg. No.: |
04-064235 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.250.000
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100GJ2011PTC064235 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMC03483E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECC3014H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer of Detergent Raw Materials. |
|
|
|
|
No. of Employees
: |
32 (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 1440000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of Ardor Group. It is an established company having satisfactory track record. Management of the company has filed its latest financials (i.e.2013)
but the same could not be made available from the government department. As per available financial of (2012) it seems that the company is
relatively new, and the company is doing well. Capital base of the company is
good. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. In view of strong group, 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.
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 |
CRISIL |
|
Rating |
Long Term Rating=BBB |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
31.10.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating=A3+ |
|
Rating Explanation |
Moderate degree of safety. It carry higher
credit risk. |
|
Date |
31.10.2013 |
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 PARTED BY
|
Name : |
Mr. Yogesh Shah |
|
Designation : |
Accounts Department. |
|
Contact No.: |
91-79-66219999 |
|
Date : |
13.03.2014 |
LOCATIONS
|
Registered Office : |
'Ardor House', Mondeal
Business Park,, Beside Gurudwara, S.G. Road, Thaltej, Ahmedabad – 380 059,
Gujarat, India |
|
Tel. No.: |
91-79-66219999 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
B/1001-4, Premium House, Behind Handloom House, Ashram Road, Ahmedabad
– 380 009, Gujarat, India |
|
Tel. No.: |
91-79-26584511-14 |
|
Fax No.: |
91-79-26584515 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Fenilbhai Bharatbhai Shah |
|
Designation : |
Managing Director |
|
Address : |
301, Heritage Crescent, Opposite
Shantinketan Bunglows, S.G. Highway, Prahladnagar, Ahmedabad – 380 051,
Gujarat, India |
|
Date of Birth/Age : |
27.10.1976 |
|
Date of Appointment : |
11.10.2012 |
|
DIN No.: |
00044522 |
|
PAN No.: |
ANLPS0436J |
|
|
|
|
Name : |
Ms. Gitaben Bharatbhai Shah |
|
Designation : |
Director |
|
Address : |
A/11, North View Apartment, Near St.
Xavier’s College, Navrangpura, Ahmedabad – 380 009, Gujarat, India |
|
Date of Birth/Age : |
08.06.1946 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
00049071 |
|
PAN No.: |
AFGPS3253Q |
|
|
|
|
Name : |
Mr. Bharatbhai Ratanshi Shah |
|
Designation : |
Director |
|
Address : |
301, Heritage Crescent, Opposite
Shantinketan Bunglows, S.G. Highway, Prahladnagar, Ahmedabad – 380 051,
Gujarat, India |
|
Date of Appointment : |
01.03.2011 |
|
DIN No.: |
02438343 |
|
PAN No.: |
ADRPS3228G |
KEY EXECUTIVES
|
Name : |
Mr. Yogesh Shah |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Fenilbhai Bharatbhai Shah |
|
2272690 |
|
Bharatbhai Ratanshi Shah |
|
2272690 |
|
Gitaben Bharatbhai Shah |
|
2272740 |
|
Jinal Bharatbhai Shah |
|
2272740 |
|
Janki Fenil Shah |
|
2272740 |
|
Ardor In-Fin Private Limited, India |
|
2272740 |
|
Ardor Chemicals Private Limited, India |
|
2272740 |
|
Infinium Det-Chem Private Limited, India |
|
2272730 |
|
Jayco Synthetics Private Limited, India |
|
2272730 |
|
Ardor Global Private Limited, India |
|
2272730 |
|
Greenland Infracon Private Limited, India |
|
2272730 |
|
Total
|
|
25000000 |
AS ON 30.03.2013
|
Names of Allottees |
|
No. of Shares |
|
Fenilbhai Bharatbhai Shah |
|
6363600 |
|
Bharatbhai Ratanshi Shah |
|
6363600 |
|
Gitaben Bharatbhai Shah |
|
6363600 |
|
Janki Fenil Shah |
|
6363600 |
|
Jinal Bharatbhai Shah |
|
6363600 |
|
Ardor In-Fin Private Limited, India |
|
6363600 |
|
Ardor Chemicals Private Limited, India |
|
6363600 |
|
Infinium Det-Chem Private Limited, India |
|
6363600 |
|
Jayco Synthetics Private Limited, India |
|
6363600 |
|
Ardor Global Private Limited, India |
|
6363800 |
|
Greenland Infracon Private Limited, India |
|
6363800 |
|
Total
|
|
70000000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
54.55 |
|
Directors
or relatives of directors |
|
45.45 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importer of Detergent Raw Materials. |
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Products : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
Qatar ·
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash, Credit and Depend |
GENERAL INFORMATION
|
Customers : |
Others |
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No. of Employees : |
32 (Approximately) |
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|
Bankers : |
·
Central Bank of India, Mid Corporate Branch,
Central Bank Building, Lal Darwaja,, Ahmedabad – 380 001, Gujarat, India ·
Rajkot Nagrik Sahakari Bank Limited, Mithakhali
Six Road, Navrangpura, Ahmedabad – 380 009, Gujarat, India ·
State Bank of India, Overseas Branch, 3rd
Floor, Amrit Jayanti Bhavan, Navjivan Trust Complex, Navjivan P.O., Ahmedabad
– 380 004, Gujarat, India |
|||||||||||||||
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Facilities : |
|
|
|
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|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
PNB Investment Service Limited - SEC Trustee Of BOI
Consortium BOI - SBI - BOB - UBI - CBI – RNSB, Motor Sales and Services
Building, Ashram Road, Ahmedabad – 380 009, Gujarat, India |
|
|
|
|
Auditors : |
|
|
Name : |
Vipul and Manish Associates Chartered Accountants |
|
Address : |
203-204,
Tilakraj Complex, Above ICICI Bank, Panchvati, Ahmedabad - 380 006, Gujarat,
India |
|
PAN No.: |
AACFV2807J |
|
|
|
|
Group Companies : |
·
Ardor International Private Limited ·
Chem-Edge International Private Limited |
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000000 |
Equity Shares |
Rs.10/- each |
Rs.1000.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
95000000 |
Equity Shares |
Rs.10/- each
|
Rs.950.000
millions |
|
|
|
|
|
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each
|
Rs.250.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)
Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
250.000 |
100.000 |
|
(b) Reserves & Surplus |
|
36.937 |
1.758 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
73.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
359.937 |
101.758 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
132.720 |
114.619 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
132.720 |
114.619 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
320.780 |
214.257 |
|
(b) Trade payables |
|
403.319 |
0.030 |
|
(c) Other current
liabilities |
|
9.086 |
4.582 |
|
(d) Short-term provisions |
|
10.305 |
0.800 |
|
Total Current Liabilities (4) |
|
743.490 |
219.669 |
|
|
|
|
|
|
TOTAL |
|
1236.147 |
436.046 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.000 |
0.000 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
2.497 |
0.929 |
|
Total Non-Current Assets |
|
2.497 |
0.929 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
67.561 |
137.148 |
|
(c) Trade receivables |
|
1094.015 |
269.055 |
|
(d) Cash and cash
equivalents |
|
67.688 |
20.363 |
|
(e) Short-term loans
and advances |
|
4.386 |
8.551 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
1233.650 |
435.117 |
|
|
|
|
|
|
TOTAL |
|
1236.147 |
436.046 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
|
3654.422 |
256.243 |
|
|
|
Other Income |
|
|
0.019 |
|
|
|
TOTAL |
|
3654.422 |
256.262 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
3600.743 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
3600.743 |
253.704 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
|
53.679 |
2.558 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
18.500 |
0.800 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
|
35.179 |
1.758 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
1.41 |
0.18 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
5800.000 |
|
|
|
|
|
The above information has been parted by Mr. Yogesh Shah (Accounts
Department).
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
0.96 |
0.69 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
NA |
1.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
4.34 |
0.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.15 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
1.26 |
3.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.66 |
1.98 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
100.000 |
250.000 |
|
Reserves & Surplus |
1.758 |
36.937 |
|
Net
worth |
101.758 |
286.937 |
|
|
|
|
|
long-term borrowings |
114.619 |
132.720 |
|
Short term borrowings |
214.257 |
320.780 |
|
Total
borrowings |
328.876 |
453.500 |
|
Debt/Equity
ratio |
3.232 |
1.580 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
256.262 |
3654.422 |
|
|
|
1326.049 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
|
|
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
256.262 |
3,654.422 |
|
Profit |
1.758 |
35.179 |
|
|
0.69% |
0.96% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT 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 |
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
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
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 |
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 |
No |
|
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 |
Note: The registered
office of the company has been shifted from B/1001-4, Premium House, Behind Handloom
House, Ashram Road, Ahmedabad – 380 009, Gujarat to the present address
w.e.f. 01.03.2013.
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
Long-Term Borrowings |
|
|
|
Other loans and advances |
132.720 |
114.619 |
|
|
|
|
|
Total
|
132.720 |
114.619 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10435730 |
25/06/2013 |
3,250,000,000.00 |
PNB
INVESTMENT SERVICE LTD - SEC TRUSTEE OF BOI CO |
MOTOR
SALES & SERVICES BUILDING, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009,
INDIA |
B79143087 |
|
2 |
10435729 |
25/06/2013 |
3,365,000,000.00 |
PNB
INVESTMENT SERVICE LTD - SEC TRUSTEE OF BOI CO |
MOTOR
SALES & SERVICES BUILDING, ASHRAM ROAD, AHMEDABAD, GUJARAT - 380009,
INDIA |
B79142857 |
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.61.01 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.85.02 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.