MIRA INFORM REPORT
|
Report No. : |
334676 |
|
Report Date : |
03.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANJANI TECHNOPLAST LIMITED |
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Formerly Known
As : |
ANJANI THERMOFORMERS LIMITED |
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Registered
Office : |
G – 126, Vikas Puri, New Delhi – 110018 |
|
Tel. No.: |
91-120-4789000 (200 lines) |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
29.02.1988 |
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Com. Reg. No.: |
55-030784 |
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Capital
Investment / Paid-up Capital : |
Rs.65.479 Million |
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CIN No.: [Company Identification
No.] |
U01401DL1988PLC030784 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELA13649G |
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PAN No.: [Permanent Account No.] |
AACCA3104G |
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Legal Form : |
A Closely Held
Public Limited Liability Company |
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Line of Business
: |
Manufacturer of precision engineering components and Dies and Molds, Polycarbonate and Honeycom material. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (18) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Poor |
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Payment Behaviour : |
Slow |
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Litigation : |
-- |
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Comments : |
Subject is an established company incorporated on 29th February
1988, and it is having poor track record. During the year 2014, company reported dip declined in its sales
turnover and have reported heavy losses in its business operation and duer to
huge external borrowings leverage tha balance sheet profile of the company. Further rating is constrained on company, due to accumulated losses
over the years company’s networth position is fully eroded. Business is active. Payments are reported to be slow. In view of a accumulated losses backed by its negative reserves, the
company can be considered for business dealings on a secured 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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
31-03-2013.
INFORMATION DENIED
Management non co-operative
Contact No.:
91-120-4789000
LOCATIONS
|
Registered Office : |
G-126, Vikas Puri, New |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Head Office/ Factory : |
6A, Sector-40/41, Greater Noida – 201306, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4789000 (200 Lines)/ 3921600 /3921686/3921607 |
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Fax No.: |
91-120-4789059/ 3921659 |
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E-Mail : |
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Overseas Office : |
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Tel. No.: |
+1 678-392-1213 |
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Fax No.: |
+1 678-302-7300 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Raj Kishore Gupta |
|
Designation : |
Managing Director |
|
Address : |
A-97, Sector-31, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
06.01.1963 |
|
Date of Appointment : |
29.02.1988 |
|
DIN No.: |
00427180 |
|
|
|
|
Name : |
Mr. Lavina Gupta |
|
Designation : |
Whole-time Dirctor |
|
Address : |
A-97, Sector-31, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
18.08.1966 |
|
Date of Appointment : |
04.10.1991 |
|
DIN No.: |
00533170 |
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|
|
|
Name : |
Mr. Satguru Saran |
|
Designation : |
Director |
|
Address : |
A-97, Sector-31, Noida – 201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
04.08.1939 |
|
Date of Appointment : |
20.09.1997 |
|
DIN No.: |
00411607 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
R.K. Gupta |
1512750 |
|
Lavina Gupta |
1663640 |
|
Satguru Saran |
6000 |
|
R. K. Gupta and Sons (HUF) |
879790 |
|
Raghav Gupta |
2500 |
|
Radhika Gupta |
5000 |
|
Satyawati Gupta |
101750 |
|
Shubh Gautam |
1500 |
|
K.R. Capitals Private Limited |
1180000 |
|
Sankalp Fin- Sec Private Limited |
1195000 |
|
|
|
|
Total |
6547930 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
36.27 |
|
Directors or relatives of Directors |
63.73 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of precision engineering components and Dies and Molds, Polycarbonate and Honeycom material. |
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Products : |
Precision Engineering Components and Dies and Molds |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Sandesh Jain and Company Chartered Accountants |
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Address : |
1-C/13, Rajnigandha Building, New Rohtak Road, New Delhi-110005, India |
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PAN.: |
AAHPJ4942R |
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Enterprises over which
Key Management personnel are able to exercise significant influence:: |
1. AnjaniDefence Systems Private Limited 2. ATL Overseas Limited 3. K.R. Capitals Private Limited 4. Sankalp Securities Fin-Sec Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Million |
|
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|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
6547930 |
Equity Shares |
Rs.10/- each |
Rs.65.479 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
65.479 |
65.479 |
65.479 |
|
(b) Reserves & Surplus |
(345.298) |
(134.847) |
(22.626) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
5.913 |
5.913 |
4.850 |
|
Total
Shareholders’ Funds (1) + (2) |
(273.906) |
(63.455) |
47.703 |
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
530.287 |
72.107 |
0.875 |
|
(b) Deferred tax liabilities (Net) |
64.259 |
32.661 |
88.973 |
|
(c) Other long term
liabilities |
14.568 |
0.067 |
65.068 |
|
(d) long-term
provisions |
4.958 |
4.958 |
4.971 |
|
Total Non-current
Liabilities (3) |
614.072 |
109.793 |
159.887 |
|
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(4)
Current Liabilities |
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|
|
|
(a) Short
term borrowings |
331.030 |
621.305 |
570.717 |
|
(b) Trade
payables |
44.094 |
68.456 |
100.481 |
|
(c) Other
current liabilities |
104.911 |
165.769 |
103.309 |
|
(d) Short-term
provisions |
0.573 |
0.153 |
0.154 |
|
Total Current
Liabilities (4) |
480.608 |
855.683 |
774.661 |
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|
|
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TOTAL |
820.774 |
902.021 |
982.251 |
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II.
ASSETS |
|
|
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|
(1)
Non-current assets |
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(a) Fixed
Assets |
|
|
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|
(i)
Tangible assets |
443.379 |
459.323 |
491.209 |
|
(ii)
Intangible Assets |
3.169 |
3.678 |
4.186 |
|
(iii)
Capital work-in-progress |
15.739 |
14.439 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.050 |
0.050 |
0.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
35.419 |
33.942 |
4.398 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
497.756 |
511.432 |
499.843 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
188.930 |
214.543 |
230.676 |
|
(c) Trade
receivables |
92.242 |
122.915 |
176.273 |
|
(d) Cash
and cash equivalents |
6.286 |
10.230 |
9.500 |
|
(e)
Short-term loans and advances |
34.658 |
41.774 |
65.214 |
|
(f) Other
current assets |
0.902 |
1.127 |
0.745 |
|
Total
Current Assets |
323.018 |
390.589 |
482.408 |
|
|
|
|
|
|
TOTAL |
820.774 |
902.021 |
982.251 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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|
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Income |
98.959 |
122.424 |
286.460 |
|
|
|
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Other Income |
7.508 |
27.978 |
3.999 |
|
|
|
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TOTAL |
106.467 |
150.402 |
290.459 |
|
|
|
|
|
|
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||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
71.518 |
78.292 |
258.081 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
9.006 |
15.500 |
(12.579) |
|
|
|
|
Employee Benefits Expenses |
39.891 |
47.776 |
43.167 |
|
|
|
|
Other Expenses |
49.710 |
48.748 |
78.128 |
|
|
|
|
TOTAL |
170.125 |
190.316 |
366.797 |
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|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
(63.658) |
(39.914) |
(76.338) |
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|
Less |
FINANCIAL
EXPENSES |
84.147 |
98.166 |
90.413 |
||
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|
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||
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(147.805) |
(138.080) |
(166.751) |
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|
Less |
DEPRECIATION/
AMORTISATION |
31.048 |
30.453 |
30.215 |
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|
PROFIT/(LOSS)
BEFORE TAX |
(178.853) |
(168.533) |
(196.966) |
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Less |
TAX |
31.598 |
(56.312) |
34.735 |
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PROFIT/(LOSS)
AFTER TAX |
(210.451) |
(112.221) |
(231.701) |
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EARNINGS IN FOREIGN
CURRENCY |
25.828 |
40.268 |
50.861 |
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IMPORTS |
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Raw Materials |
0.307 |
0.867 |
3.588 |
|
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|
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Capital Goods |
0.000 |
0.532 |
1.790 |
|
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TOTAL IMPORTS |
0.307 |
1.399 |
5.378 |
||
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|
Earnings/(Loss)
Per Share (Rs.) |
(32.14) |
(17.14) |
NA |
||
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
28.229 |
72.727 |
65.156 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(106.996) |
(198.578) |
(123.269) |
|
Net cash flows from (used in) operating activities |
(26.121) |
(102.329) |
(40.674) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
(212.66) |
(91.67) |
(80.88) |
|
|
|
|
|
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|
Operating Profit Margin |
(%) |
(64.33) |
(32.60) |
(26.65) |
|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
(22.22) |
(8.99) |
(20.05) |
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|
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.65 |
2.66 |
(4.13) |
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|
Debt Equity Ratio (Total Debt /Networth) |
|
(3.25 |
(12.07) |
13.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67 |
0.46 |
0.62 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
65.479 |
65.479 |
65.479 |
|
Reserves & Surplus |
(22.626) |
(134.847) |
(345.298) |
|
Share Application money
pending allotment |
4.850 |
5.913 |
5.913 |
|
Net worth |
47.703) |
(63.455) |
(273.906) |
|
|
|
|
|
|
long-term borrowings |
0.875 |
72.107 |
530.287 |
|
Short term borrowings |
570.717 |
621.305 |
331.030 |
|
Current Maturities of
Long Term Debt |
65.156 |
72.727 |
28.229 |
|
Total borrowings |
636.748 |
766.139 |
889.546 |
|
Debt/Equity ratio |
13.348 |
(12.074) |
(3.248) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
286.460 |
122.424 |
98.959 |
|
|
|
(57.263) |
(19.167) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
286.460 |
122.424 |
98.959 |
|
Profit/Loss |
(231.701) |
(112.221) |
(210.451) |
|
|
(80.88%) |
(91.67%) |
(212.66%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Intercorporate deposits |
92.031 |
78.531 |
|
Loans and advances from directors |
72.395 |
66.835 |
|
Total |
164.426 |
145.367 |
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10461568 |
30/10/2013 |
732,900,000.00 |
ORIENTAL BANK OF COMMERCE(LEAD BANK) |
7, MAHILA COLONY, GANDHI NAGAR, DELHI, DELHI - 11 |
B89684559 |
|
2 |
10399341 |
01/12/2012 |
81,500,000.00 |
ORIENTAL BANK OF COMMERCE |
7, MAHILA COLONY, GANDHI NAGAR, DELHI, DELHI - 11 |
B66591041 |
|
3 |
10399307 |
30/11/2012 |
81,500,000.00 |
ORIENTAL BANK OF COMMERCE |
7, MAHILA COLONY, GANDHI NAGAR, DELHI, DELHI - 11 |
B66588039 |
|
4 |
10147784 |
05/03/2011 * |
489,700,000.00 |
ORIENTAL BANK OF COMMERCE |
7, MAHILLA COLONY, GANDHI NAGAR, DELHI, DELHI - 1 |
B11132750 |
|
5 |
10035826 |
31/03/2011 * |
489,700,000.00 |
ORIENTAL BANK OF COMMERCE |
7, MAHILLA COLONY, GANDHI NAGAR, DELHI, DELHI - 1 |
B11132289 |
|
6 |
10039523 |
08/04/2011 * |
226,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, JAWAHAR VYAPAR BHAWAN,1, TOLSTOY |
B13631809 |
|
7 |
10019730 |
07/08/2006 |
170,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH, JAWAHAR VAYPAR BHAWAN, 1, TOLSTO |
A04458444 |
|
8 |
80021454 |
06/02/2001 |
13,691,000.00 |
ORIENTAL BANK OF COMMERCE |
E-BLOCK,CONNAUGHT PLACE, NEW DELHI, DELHI - 110001 |
- |
|
9 |
80021452 |
07/06/1999 |
2,900,000.00 |
ORIENTAL BANK OF COMMERCE |
GANDHI NAGAR, NEW DELHI, DELHI - 110031, INDIA |
- |
|
10 |
80021449 |
07/06/1999 |
7,600,000.00 |
ORIENTAL BANK OF COMMERCE |
GANDHI NAGAR, NEW DELHI, DELHI - 110031, INDIA |
- |
*Date of modification Charges
FINANACIAL RESULTS
AND OPERATIONS OF THE COMPANY
During last 4 years, the operations of the Company have been hit very badly due to various reasons like non availability of government orders for ballistic products due to cut in government spending, severe financial crunch, Company's Account being turned NPA, cut throat competition etc.
In the FY 2013-14 the company has manufactured various products made of Polycarbonate and Honeycom material used for industrial purposes. The company has also manufactured customized machineries during the years. At the fag end of the year the company has also received an order from Defense for manufacture of missile boxes. Although, t he Company's turnover has decreased by 19.17% over the previous year, the company is quite hopeful of growth in sales during the FY 2014-15. The Company has incurred the loss of Rs. 210.451 Million in the current year against the loss of Rs. 112.221 Million in the previous year.
FIXED ASSETS:
·
Land-Leasehold
·
Building
·
Plant
and Machinery
·
Furniture
and Fixtures
·
Electrical
Installations
·
Office
Equipments
·
Vehicles
·
Computers
·
Mould
and Dies
·
Tools
and Implements
·
Air
Conditioners
·
Staff
Bus
·
Fire
Fighting 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.64.01 |
|
|
1 |
Rs.99.84 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
18 |
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.