MIRA
INFORM REPORT
|
Report Date : |
18.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
AKONA ENGINEERING PRIVATE LIMITED |
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Registered
Office : |
WZ-23/A, Gali No.32, Santgarh, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
09.01.2006 |
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Com. Reg. No.: |
55-144576 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Millions |
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CIN No.: [Company Identification
No.] |
U21199DL2006PTC144576 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing of Building Construction Machinery
and Ready Mix Concrete. |
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No. of Employees
: |
300 (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 220000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealing 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central Bureau
of Investigation arrested Manumeethi Cholan after he accepted Rs 10 lakhs as
bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains revenue
guidance. COO Rao says attrition still an area of concern and it would take a
few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Nitin Joshi |
|
Designation : |
Sales Marketing Manager |
|
Contact No.: |
91-8826697654 |
|
Date : |
15.09.2014 |
LOCATIONS
|
Registered Office : |
WZ-23/A, Gali No.32, Santgarh, |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-8826697654 (Mr. Nitin Joshi) |
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Fax No.: |
Not Available |
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E-Mail : |
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Websites: |
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Location : |
Owned |
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Factory 1 : |
A-455, Hycon House, Behind Hindon Motels, Hindon Vihar, Delhi Meerut
Road, Ghaziabad – 201 001, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4536700/ 2833334/ 4536712 |
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Fax No.: |
91-120-2854742 |
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Factory 2 : |
Khasra No.200, Village Raipur, Post Bhagwanpur, District
Haridwar, Uttarakhand, India |
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Branch Office : |
Located at: · Raipur · Patna · Punjab · Lucknow |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Anand Ram Bharose Rathore |
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Designation : |
Director |
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Address : |
59, New Gandhi Nagar, |
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Date of Birth/Age : |
11.07.1983 |
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Qualification |
Bachelor of Commerce |
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Date of Appointment : |
09.01.2006 |
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DIN No.: |
00544882 |
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Other Directorship :
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Name : |
Mr. Ram Bharose Rathore |
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Designation : |
Director |
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Address : |
59, New Gandhi Nagar, |
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Date of Birth/Age : |
04.06.1964 |
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Qualification : |
MCA |
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Date of Appointment : |
09.01.2006 |
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DIN No.: |
00544908 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ram Bharose Rathore |
|
614450 |
|
Kamla Rathore |
|
23000 |
|
Anand Rathore |
|
332500 |
|
Dhan Singh |
|
50 |
|
Neelam Rathore |
|
30000 |
|
Total |
|
1000000 |
AS ON 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.000 |
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|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of Building Construction Machinery
and Ready Mix Concrete. |
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Products : |
·
Fully
Automatic Computerized Batching and Mixing Plant ·
Drum Type
Concrete Batching and Mixing Plant ·
Mini
Mobile Concrete and Batching Plant ·
Mini
Mobile Concrete Batching and Mixing Plant with 3-Bins ·
Pan
Type Concrete Batching and Mixing Plant ·
Concrete
Mixer Machines ·
Builder
Hoist ·
Road
Roller ·
Hot
Mix Plant ·
Weigh
Batcher and Related Spare Parts |
PRODUCTION STATUS (31.03.2011):
|
Particulars |
Unit |
Actual
Production |
|
Batching Plants |
Set |
105 |
|
Mini Mobile/ Mixture Machine |
Set |
137 |
|
Builder Hois |
Set |
22 |
|
Road Roller |
No. |
6 |
|
Concrete Pump |
Set |
3 |
GENERAL INFORMATION
|
No. of Employees : |
300 (Approximately) |
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Bankers : |
· ICICI Bank Limited, Land Mark Race Course Circle, Vadodara – 390 007, Gujarat, India ·
Bank of
Baroda, Shastri Nagar, Ghaziabad – 201 001, Uttar Pradesh, India · HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India ·
Punjab
National Bank, Branch Rudki, Ghaziabad, Uttar Pradesh, India ·
Small
Industries Development Bank of India, C-60, Sector-2, Noida – 201 301, Uttar
Pradesh, India ·
Kotak
Mahindra Bank Limited ·
Andhra Bank |
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Facilities : |
Notes: Long-Term
Borrowings Term Loan from SIDBI is secured by way of hypothecation of all movable assets including plant and machinery, equipment, machinery spares, tools and accessories, office equipment, computers, furniture and fixture and miscellaneous fixed assets. And are secured by first charge by way of mortgage of immovable property of residential building no.59, New Gandhi Nagar, Ghaziabad (U.P.). The said loans are further secured by irrevocable and unconditional personal guarantee of Mr. Ram Bharose Rathore and Mr. Anand Rathore Directors of the Company. The term loan from SIDBI carries interest rate @0.75% above SIDBI’s PLR. The current SIDBI PLR being 12.75%. The term loan is repayable in 48 monthly installments each of Rs.0.313 million after a moratorium of 12 months from the date of first disbursement. Vehicle loan from Banks and others are secured by way of hypothecation of specified vehicle and carries interest rate 10.75% to 13%. Short-Term
Borrowings Working Capital Loan from Bank is primary secured by equitable mortgage of Factory Land and Building situated at Khasra No.200, Village Raipur, Post Bhagwanpur, District Haridwar, Uttarakhand in the name of Akona Engineering Private Limited and Land and Building at A-455, Hycon House, Hindon Vihar, Meerut Road, Ghaziabad in the name of Mrs. Kamla Sahu and first and exclusive charged on present and future current assets of the company and personal guarantee of all the Directors. The working capital loan carries interest rate @ 3.75% over base rate i.e. 13.75% p.a. present on monthly rates. |
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-- |
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Banking
Relations : |
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Auditors : |
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Name : |
Arun K. Gupta and Associates Chartered Accountants |
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Address : |
D-58, East of Kailash, |
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Tel No.: |
91-11-26287884 |
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Fax No.: |
91-11-26472939 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm |
AAOPG5265F |
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Enterprises owned or significantly influenced by key management
personnel or their relatives : |
·
Anand Engineering
Corporation ·
Hycon ·
Mohan
Engineering Corporation ·
Akona
Infrastructure Private Limited ·
Akona
Pathwari Infrastructure Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000
Millions |
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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 |
10.000 |
10.000 |
4.025 |
|
(b) Reserves & Surplus |
44.387 |
40.300 |
37.417 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
54.387 |
50.300 |
41.442 |
|
|
|
|
|
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(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
1.799 |
2.280 |
9.979 |
|
(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) |
1.799 |
2.280 |
9.979 |
|
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|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
35.034 |
20.352 |
11.946 |
|
(b) Trade payables |
46.235 |
52.109 |
30.671 |
|
(c) Other current
liabilities |
18.170 |
21.739 |
27.653 |
|
(d) Short-term provisions |
1.065 |
0.800 |
0.000 |
|
Total Current Liabilities (4) |
100.504 |
95.000 |
70.270 |
|
|
|
|
|
|
TOTAL |
156.690 |
147.580 |
121.691 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
56.386 |
37.886 |
47.803 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
1.497 |
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) |
1.993 |
1.452 |
0.425 |
|
(d) Long-term Loan and Advances |
0.907 |
0.826 |
0.000 |
|
(e) Other Non-current assets |
0.130 |
5.588 |
3.503 |
|
Total Non-Current Assets |
60.913 |
45.752 |
51.731 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
33.536 |
35.888 |
7.682 |
|
(c) Trade receivables |
54.184 |
51.733 |
54.117 |
|
(d) Cash and cash
equivalents |
2.138 |
6.080 |
4.426 |
|
(e) Short-term loans and
advances |
5.884 |
8.112 |
3.735 |
|
(f) Other current assets |
0.035 |
0.015 |
0.000 |
|
Total Current Assets |
95.777 |
101.828 |
69.960 |
|
|
|
|
|
|
TOTAL |
156.690 |
147.580 |
121.691 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations (Net) |
275.620 |
249.377 |
279.819 |
|
|
|
Other Income |
0.912 |
0.859 |
0.165 |
|
|
|
TOTAL |
276.532 |
250.236 |
279.984 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
271.382 |
246.780 |
271.096 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
271.382 |
246.780 |
271.096 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
5.150 |
3.456 |
8.888 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.063 |
0.573 |
0.558 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
4.087 |
2.883 |
8.330 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
4.09 |
2.88 |
20.70 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
350.000 |
|
|
|
|
|
The above information has been parted by Mr. Sunil Rawat (Finance
Department).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.48 |
1.15 |
2.98 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.87 |
1.39 |
3.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.36 |
2.37 |
7.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.07 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.68 |
0.45 |
0.53 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.95 |
1.07 |
1.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
4.025 |
10.000 |
10.000 |
|
Reserves & Surplus |
37.417 |
40.300 |
44.387 |
|
Net
worth |
41.442 |
50.300 |
54.387 |
|
|
|
|
|
|
long-term borrowings |
9.979 |
2.280 |
1.799 |
|
Short term borrowings |
11.946 |
20.352 |
35.034 |
|
Total
borrowings |
21.925 |
22.632 |
36.833 |
|
Debt/Equity
ratio |
0.529 |
0.450 |
0.677 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
279.819 |
249.377 |
275.620 |
|
|
|
(10.879) |
10.523 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Revenue from operations |
279.819 |
249.377 |
275.620 |
|
Profit/(Loss) After Tax |
8.330 |
2.883 |
4.087 |
|
|
2.98% |
1.16% |
1.48% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four 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 |
Yes |
|
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 |
No |
UNSECURED LOANS
|
Particulars |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
|
|
|
|
SHORT-TERM
BORROWINGS |
|
|
|
Loan from related
party (Unsecured loan
from related party is interest free loan and is repayable on demand) |
0.000 |
1.008 |
|
Total |
0.000 |
1.008 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10467377 |
29/11/2013 |
1,755,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
B92452507 |
|
2 |
10352015 |
05/02/2014 * |
110,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B96679436 |
|
3 |
10350835 |
05/02/2014 * |
110,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B96809314 |
|
4 |
10200126 |
28/01/2010 |
20,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
C - 60, SECTOR-
2, NOIDA, NOIDA, UTTAR PRADESH - |
A78102399 |
|
5 |
10171813 |
04/07/2009 |
1,382,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
A68171313 |
|
6 |
10018204 |
19/08/2006 |
750,000.00 |
ICICI BANK LTD. |
LAND MARK RACE
COURSE CIRCLE, VADODARA, GUJARAT -390007, INDIA |
A03972627 |
Note: * Date of charge modification
FIXED ASSETS:
·
Freehold Land
· Building Factory
· Plant and Machinery
· T.M. and Pump A/c
· Furniture and Fixture
· Office Equipment
· Computer
· Vehicle
· 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 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.60.95 |
|
|
1 |
Rs.99.32 |
|
Euro |
1 |
Rs.78.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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.