MIRA INFORM REPORT
|
Report No. : |
316445 |
|
Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
AUTOMOTIVE MANUFACTURERS PRIVATE LIMITED |
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Registered
Office : |
108, Bazar Ward, Kurla (West), Mumbai – 400070, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
01.12.1948 |
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Com. Reg. No.: |
11-006781 |
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Capital Investment
/ Paid-up Capital : |
Rs.95.000 Millions |
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CIN No.: [Company Identification
No.] |
U34100MH1948PTC006781 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is principally engaged in the trading business of Automotive Dealership and its related Services |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s established position in the automobile
dealership market backed by the promoters’ extensive experience and sound
financial risk profile of the company. Rating also reflects company’s adequate liquidity profile and moderate
profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good for normal 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating A- |
|
Rating Explanation |
Adequate degree of safety and low credit risk |
|
Date |
December 24, 2014 |
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Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
December 24, 2014 |
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 DENIED BY
|
Name : |
Mr. Ram Mohan |
|
Designation : |
General Manager in Finance |
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Contact No.: |
91-40-27543701 |
|
Date : |
07.04.2015 |
LOCATIONS
|
Registered Office : |
108, Bazar Ward, Kurla (West), Mumbai – 400070, Maharashtra, India |
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Tel. No. : |
91-22-61563700 |
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Fax No. : |
Not Available |
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E-Mail : |
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Website : |
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Branch Office : |
8571, Rastrapati Road, P B No 1627 Secunderabad, Telangana, India |
DIRECTORS
As on 20.09.2014
|
Name : |
Mr. Sachin Bharat Sanghvi |
|
Designation : |
Whole-time Director |
|
Address : |
Kundan Villa, South Avenue Road, Khar, Mumbai - 400052, Maharashtra, India |
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Date of Birth/Age : |
05.04.1980 |
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Date of Appointment : |
01.02.2004 |
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DIN No. : |
00232866 |
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Name : |
Mr. Bharat Manharlal Sanghvi |
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Designation : |
Managing Director |
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Address : |
Kundan Villa, Ramkrishna Mission Road, Khar, Mumbai - 400052, Maharashtra, India |
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Date of Birth/Age : |
26.06.1945 |
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Date of Appointment : |
14.08.1968 |
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DIN No. : |
00233632 |
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Name : |
Mr. Ratilal Dulabhji Kamdar |
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Designation : |
Managing Director |
|
Address : |
Saryu Villa, 434/4, Netaji Road, Ellisbridge, Ahmedabad - 380006, Gujarat, India |
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Date of Birth/Age : |
03.04.1923 |
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Date of Appointment : |
01.01.1950 |
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DIN No. : |
00304481 |
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Name : |
Mr. Pradip Ratilal Kamdar |
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Designation : |
Whole-time Director |
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Address : |
434/4, Saryuvilla, Netaji Road, Nr. Law Garden, Ellisbridge, Ahmedabad, 380006, Gujarat, India |
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Date of Birth/Age : |
08.07.1954 |
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Date of Appointment : |
14.12.1977 |
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DIN No. : |
00304828 |
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|
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Name : |
Mr. Mahesh Pranlal Sanghvi |
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Designation : |
Managing Director |
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Address : |
Lilam Villa, 3-6-239, Himayatnagar, Hyderabad - 500029, Andhra Pradesh, India |
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Date of Birth/Age : |
31.08.1943 |
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Date of Appointment : |
15.05.1968 |
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DIN No. : |
00322042 |
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Name : |
Mr. Rajiv Mahesh Sanghvi |
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Designation : |
Whole-time Director |
|
Address : |
Lilam Villa, 3-6-239, Himayatnagar, Hyderabad - 500029, Andhra Pradesh, India |
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Date of Birth/Age : |
18.07.1972 |
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Date of Appointment : |
01.04.1997 |
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DIN No. : |
00322203 |
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|
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Name : |
Mr. Aditya Bharat Sanghvi |
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Designation : |
Whole-time Director |
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Address : |
Kundan Villa, South Avenue, Khar (West), Mumbai - 400052, Maharashtra, India |
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Date of Birth/Age : |
07.06.1983 |
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Date of Appointment : |
01.07.2008 |
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DIN No. : |
00602381 |
KEY EXECUTIVES
|
Name : |
Ashim Purnendu Dasgupta |
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Designation : |
Secretary |
|
Address : |
B-2, Flat No. 403, Saket Complex, Kishan Koli Marg, Extn., Thane (West), Thane, 400601, Maharashtra, India |
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Date of Birth/Age : |
15.04.1957 |
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Date of Appointment : |
01.04.2000 |
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PAN No.: |
AADPD2132K |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 20.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
As on 20.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
15.67 |
|
Directors or relatives of Directors |
69.54 |
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Other top fifty shareholders |
14.79 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is principally engaged in the trading business of Automotive Dealership and its related Services |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
v Canara Bank, Prime Corporate Branch-Ii, Varma Chambers, 2nd Floor, Homji Street, Mumbai - 400001, Maharashtra, India v Icici Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India v Development Credit Bank Limited, Corporate & Business Banking, 9-1-125/3-1,, 5th Floor, Siddharth Plaza, 44, Sarojini Devi Road, Secunderbad - 500003, Andhra Pradesh, India |
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Facilities : |
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Financial Institution : |
Hinduja
Leyland Finance Limited, 1 Sardar Patel Road, Guindy, Chennai - 600032,
Tamilnadu, India |
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Auditors : |
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Name : |
Jayantilal Thakkar and Company Chartered Accountants |
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Address : |
111-A Mahatma, Gandhi Road, Fort, Mumbai – 400023, Maharashtra,
India |
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PAN
No. : |
AAAFJ3458R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
950000 |
Equity Shares |
Rs.100/- each |
Rs.95.000 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
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|
|
(1)Shareholders'
Funds |
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|
|
|
(a) Share Capital |
95.000 |
95.000 |
95.000 |
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(b) Reserves & Surplus |
2114.097 |
2103.572 |
2014.338 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
2209.097 |
2198.572 |
2109.338 |
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(3) Non-Current
Liabilities |
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|
|
(a) long-term borrowings |
257.367 |
534.358 |
439.564 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
138.278 |
147.949 |
175.383 |
|
(d) long-term
provisions |
7.687 |
7.458 |
7.291 |
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Total Non-current Liabilities
(3) |
403.332 |
689.765 |
622.238 |
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(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1256.351 |
1291.042 |
1255.461 |
|
(b) Trade
payables |
276.556 |
747.332 |
149.971 |
|
(c) Other
current liabilities |
2360.964 |
2272.045 |
1691.205 |
|
(d) Short-term
provisions |
53.985 |
73.942 |
111.366 |
|
Total Current
Liabilities (4) |
3947.856 |
4384.361 |
3208.003 |
|
|
|
|
|
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TOTAL |
6560.285 |
7272.698 |
5939.579 |
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1599.844 |
1520.777 |
1244.990 |
|
(ii)
Intangible Assets |
7.186 |
2.529 |
3.089 |
|
(iii)
Capital work-in-progress |
42.947 |
58.169 |
99.163 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
59.054 |
21.649 |
54.316 |
|
(c) Deferred tax assets (net) |
49.587 |
54.604 |
56.119 |
|
(d) Long-term Loan and Advances |
290.360 |
175.345 |
201.771 |
|
(e) Other
Non-current assets |
88.035 |
64.018 |
58.252 |
|
Total Non-Current
Assets |
2137.013 |
1897.091 |
1717.700 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
44.198 |
31.754 |
35.966 |
|
(b)
Inventories |
2881.036 |
3617.245 |
2780.438 |
|
(c) Trade
receivables |
758.979 |
856.938 |
627.556 |
|
(d) Cash
and cash equivalents |
381.749 |
571.874 |
351.331 |
|
(e)
Short-term loans and advances |
356.771 |
296.963 |
426.027 |
|
(f) Other
current assets |
0.539 |
0.833 |
0.561 |
|
Total
Current Assets |
4423.272 |
5375.607 |
4221.879 |
|
|
|
|
|
|
TOTAL |
6560.285 |
7272.698 |
5939.579 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
SALES |
|
|
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TOTAL |
NA |
NA |
NA |
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|
Less |
EXPENSES |
|
|
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|
|
|
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TOTAL |
NA |
NA |
NA |
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|
PROFIT/
(LOSS) BEFORE TAX |
37.771 |
180.281 |
474.824 |
|
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|
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|
Less |
TAX |
5.017 |
51.514 |
123.238 |
|
|
|
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|
PROFIT/
(LOSS) AFTER TAX |
32.754 |
128.767 |
351.586 |
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
140.758 |
64.338 |
70.040 |
|
|
|
|
|
|
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|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
3.275 |
12.814 |
280.000 |
|
|
|
Dividend |
19.000 |
33.250 |
66.500 |
|
|
|
Tax on Dividend |
3.229 |
5.651 |
10.788 |
|
|
BALANCE CARRIED
TO THE B/S |
25.504 |
51.715 |
357.288 |
|
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|
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|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
34.48 |
134.88 |
370.99 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.59 |
2.53 |
8.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.08 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.69 |
0.83 |
0.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.23 |
1.32 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
95.000 |
95.000 |
95.000 |
|
Reserves & Surplus |
2014.338 |
2103.572 |
2114.097 |
|
Net worth |
2109.338 |
2198.572 |
2209.097 |
|
|
|
|
|
|
long-term borrowings |
439.564 |
534.358 |
257.367 |
|
Short term borrowings |
1255.461 |
1291.042 |
1256.351 |
|
Total borrowings |
1695.025 |
1825.400 |
1513.718 |
|
Debt/Equity ratio |
0.804 |
0.830 |
0.685 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
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 |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Other loans and advances |
200.767 |
344.070 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Deposits from others |
0.000 |
15.560 |
|
|
|
|
|
Total |
200.767 |
359.630 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10511448 |
03/07/2014 |
200,000,000.00 |
Barclays Investments & Loans (India)
Limited. |
Malavika Centre, Ground floor 144-145,
Kodambak |
C13958897 |
|
2 |
10464893 |
21/02/2014 * |
60,000,000.00 |
HINDUJA LEYLAND FINANCE LIMITED |
1 Sardar Patel Road, Guindy, Chennai, Tamil
Nadu - 600032, INDIA |
B98913718 |
|
3 |
10426516 |
30/04/2013 |
7,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI,
BARODA, Gujarat - 390015, INDIA |
B75409565 |
|
4 |
10390485 |
29/10/2012 |
500,000,000.00 |
ICICI BANK LIMITED |
ICICI Bank Towers, Plot No. 12, Nanakramguda,
Serilingampally, Hyderabad, Andhra Pradesh - 500032, |
B63541148 |
|
5 |
10298256 |
09/07/2011 |
250,000,000.00 |
CANARA BANK |
PRIME CORPORATE BRANCH II, VARMA CHAMBERS,
2ND F |
B17225061 |
|
6 |
10139316 |
15/01/2009 |
160,000,000.00 |
Canara Bank |
Prime Corporate Branch II, 2nd Floor Varma
Chambers, Mumbai, Maharashtra - 400001, INDIA |
A55035703 |
|
7 |
90241675 |
07/12/2005 |
69,000,000.00 |
CANARA BANK |
FORNT BRANCH P M BRANCH, MUMBAI, Maharashtra,
INDIA |
- |
|
8 |
90229575 |
14/08/2000 * |
6,000,000.00 |
CANARA BANK |
FORT BRANCH, MUMBAI, Maharashtra - 400001,
INDIA |
- |
|
9 |
90228779 |
28/08/2004 * |
4,000,000.00 |
CANARA BANK |
WARDEN HOUSE; FORT, SIR P. M. ROAD, MUMBAI,
Maharashtra - 400001, INDIA |
- |
|
10 |
90228614 |
20/11/2009 * |
1,504,000,000.00 |
Canara Bank |
Prime Corporate Branch II, 2nd Floor, Varma
Chambers, Homji Street, Fort, Mumbai, Maharashtra - 400001, INDIA |
A74896242 |
|
11 |
90242844 |
22/11/1968 * |
3,250,000.00 |
CANARA BANK |
FORNT BRANCH P M BRANCH, MUMBAI,
Maharashtra, INDIA |
- |
|
12 |
90231316 |
31/12/2009 * |
1,750,000,000.00 |
Canara Bank |
Prime Corporate Branch II,, 2nd Floor, Varma
Chambers, Homji Street, Fort, Mumbai, Maharashtra - 400001, INDIA |
A77319085 |
* Date of charge modification
FIXED ASSETS
v Land
v Buildings
v Plant and Equipment
v Furniture and Fixtures
v Vehicles
v Office Equipment
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.62.16 |
|
|
1 |
Rs.92.73 |
|
Euro |
1 |
Rs.68.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
-- PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
60 |
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.