MIRA INFORM REPORT
|
Report Date : |
28.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
CONCEPT ARCHITECTURAL SERVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
26 C-2, Kanch Wadi, Govandi Chembur Road, Govandi Railway Station,
Opposite Tide Water Telecom Factory, Deonar, Mumbai – 400 088, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
02.01.2002 |
|
|
|
|
Com. Reg. No.: |
11-134407 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.0.100 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH2002PTC134407 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC10947G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC7930K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in providing architectural and interior design
consultancy and project management consultancy services. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 255000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track record. General financial
position of the company is good. Reserves of the
company are decent. Trade relations
are reported as fair. Business is active. Payments are reported to be usually
correct and as per commitment. 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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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. Kiran |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-25510010 |
|
Date : |
27.03.2014 |
LOCATIONS
|
Registered Office/ Corporate Office : |
26 C-2, Kanch Wadi, Govandi Chembur Road, Govandi Railway Station,
Opposite Tide Water Telecom Factory, Deonar, Mumbai – 400 088, Maharashtra,
India |
|
Tel. No.: |
91-22-25510010/ 55/ 96/ 22048594 |
|
Fax No.: |
91-22-25510096/ 22042667 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Located at: ·
Mumbai ·
Pune ·
Hyderabad |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Ashwin Manohar Aryamane |
|
Designation : |
Managing Director |
|
Address : |
4-1C, Somprabha Park, Ghatla Village Road, Chembur, Mumbai – 400 071,
Maharashtra, India |
|
Date of Birth/Age : |
02.05.1941 |
|
Date of Appointment : |
02.01.2002 |
|
DIN No.: |
00278542 |
|
|
|
|
Name : |
Mrs. Kanchangauri Ashwin Aryamane |
|
Designation : |
Director |
|
Address : |
4-1C, Somprabha Park, Ghatla Village Road, Chembur, Mumbai – 400 071,
Maharashtra, India |
|
Date of Birth/Age : |
25.06.1951 |
|
Date of Appointment : |
02.01.2002 |
|
DIN No.: |
00278614 |
|
|
|
|
Name : |
Mr. Anand Sudhakar Karekar |
|
Designation : |
Director |
|
Address : |
3rd Floor, Dhootpapeshwar Building, Mangalwadi, Mumbai – 400
004, Maharashtra, India |
|
Date of Birth/Age : |
01.12.1954 |
|
Date of Appointment : |
22.06.2007 |
|
DIN No.: |
00580484 |
|
PAN No.: |
ABPPK9563E |
KEY EXECUTIVES
|
Name : |
Mr. Kiran |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Ashwin Manohar Aryamane |
750 |
75.00 |
|
Kanchangauri Ashwin Aryamane |
250 |
25.00 |
|
Total
|
1000 |
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 : |
Subject is engaged in providing architectural and interior design
consultancy and project management consultancy services. |
|
|
|
|
Terms : |
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
Customers : |
Others ·
Tata Steel Limited ·
Indian Overseas Bank · Aditya Birla Management Corporation Private Limited ·
Citibank |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
70 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Bank of Maharashtra, Chembur Branch, Mumbai, Maharashtra, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. B. Shah and Company Chartered Accountants |
|
Address : |
Rajguru Apartments, Ground Floor, Baburao Parulekar Road, Dadar
(West), Mumbai – 400 028, Maharashtra, India |
|
Tel. No.: |
91-22-24376525,
24316815 |
|
Fax No.: |
91-22-24224259 |
|
E-Mail : |
|
|
Website : |
|
|
PAN No.: |
AAIFB7481L |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000 |
Equity Shares |
Rs.100/- each |
Rs.0.500 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000 |
Equity Shares |
Rs.100/-
each |
Rs.0.100
million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
63.606 |
50.825 |
38.421 |
|
(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) |
63.706 |
50.925 |
38.521 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
1.126 |
1.896 |
|
(b) Deferred tax liabilities (Net) |
0.112 |
0.231 |
0.391 |
|
(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) |
0.112 |
1.357 |
2.287 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.694 |
0.770 |
1.359 |
|
(b)
Trade payables |
0.984 |
0.796 |
1.093 |
|
(c)
Other current liabilities |
0.434 |
1.988 |
0.554 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
2.112 |
3.554 |
3.006 |
|
|
|
|
|
|
TOTAL |
65.930 |
55.836 |
43.814 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
10.621 |
11.818 |
14.088 |
|
(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 |
10.070 |
8.282 |
8.502 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
20.691 |
20.100 |
22.590 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2.937 |
4.071 |
2.186 |
|
(c)
Trade receivables |
17.714 |
7.430 |
4.093 |
|
(d)
Cash and cash equivalents |
15.263 |
15.355 |
5.612 |
|
(e)
Short-term loans and advances |
9.325 |
8.880 |
9.333 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
45.239 |
35.736 |
21.224 |
|
|
|
|
|
|
TOTAL |
65.930 |
55.836 |
43.814 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Gross) |
80.296 |
71.779 |
53.390 |
|
|
|
Other Income |
1.188 |
1.445 |
0.610 |
|
|
|
TOTAL (A) |
81.484 |
73.224 |
54.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Employee
benefits expense |
6.977 |
5.223 |
5.247 |
|
|
|
Changes
in inventories |
1.133 |
(1.885) |
(2.186) |
|
|
|
Other
expenses |
51.597 |
48.285 |
39.775 |
|
|
|
Exceptional
Items |
0.000 |
0.013 |
0.017 |
|
|
|
TOTAL (B) |
59.707 |
51.636 |
42.853 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21.777 |
21.588 |
11.147 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.190 |
0.214 |
0.063 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
21.587 |
21.374 |
11.084 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.655 |
3.095 |
1.816 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
18.932 |
18.279 |
9.268 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.152 |
5.875 |
2.863 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
12.780 |
12.404 |
6.405 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
45.789 |
34.625 |
28.862 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1.278 |
1.240 |
0.642 |
|
|
BALANCE CARRIED
TO THE B/S |
57.291 |
45.789 |
34.625 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
12780.00 |
12404.00 |
NA |
|
Expected Sales (2013-2014): Rs.100.000 millions
The above information has been parted by Mr. Kiran (Accounts
Department).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
15.68
|
16.94 |
11.86 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
23.58
|
25.47 |
17.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
28.72
|
32.74 |
21.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.36 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.01
|
0.04 |
0.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
21.42
|
10.06 |
7.06 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
38.421 |
50.825 |
63.606 |
|
Net worth |
38.521 |
50.925 |
63.706 |
|
|
|
|
|
|
Long-term borrowings |
1.896 |
1.126 |
0.000 |
|
Short term borrowings |
1.359 |
0.770 |
0.694 |
|
Total borrowings |
3.255 |
1.896 |
0.694 |
|
Debt/Equity ratio |
0.084 |
0.037 |
0.011 |
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) |
|
Income (Gross) |
53.390 |
71.779 |
80.296 |
|
|
|
34.443 |
11.866 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Income (Gross) |
53.390 |
71.779 |
80.296 |
|
Profit |
6.405 |
12.404 |
12.78 |
|
|
12.00% |
17.28% |
15.92% |
LOCAL AGENCY FURTHER INFORMATION
Details of Current Maturities of Long Term
Debt: Not Available
|
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 |
No |
|
18) Major customers |
Yes |
|
19) Payments terms |
Yes |
|
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 |
Yes |
|
33)
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34)
External Agency Rating, if available |
No |
Notes:
· The registered office of the company has been shifted from Shop No.2, Vaman Apartment, JN of V N Purav and N D Patil Road, Opposite Maitry Park, Chembur, Mumbai – 400 071, Maharashtra to the present address w.e.f. 01.01.2014.
· No Charges Exist for Company.
PROSPECTIVE YEAR:
The performance of the
Company during the year was extremely good and the Directors look forward for a
better performance in the ensuing year. During the year the company has made
the turnover of Rs.80.296 millions as against Rs.71.779 millions in the
previous year. The increase in turnover was due to favorable market situation
throughout the year and availability of resources embodying economic benefits.
The management of the
company is working very hard for stability in the business of the company and they
are confident of achieving the same in years to come. The company during the
year has received Architectural Fees of Rs.80.296 millions as compared to
Rs.71.779 millions in the previous year and the operations for the year have
resulted into net profit before tax of Rs.18.932 millions as compared to
Rs.18.279 millions in the previous year. The accumulated profit is carried to
Balance Sheet.
|
Unsecured Loans |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
LONG
TERM BORROWINGS |
|
|
|
Deposits |
0.000 |
0.432 |
|
Total
|
0.000 |
0.432 |
FIXED ASSETS
·
Office
Premises
·
Leasehold
Improvements
·
Electric
Fittings
·
Office
Equipment
·
Air
Condition
·
Computers
·
Furniture
and Fixtures
·
Motor
Cars
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.60.13 |
|
|
1 |
Rs.99.65 |
|
Euro |
1 |
Rs.82.91 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.