MIRA INFORM REPORT
|
Report No. : |
355288 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
M V ENGG TECHNOLOGIES PRIVATE LIMITED |
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|
|
|
Registered Office
: |
Govind Sagar Building No. 2, 1st Floor, Flat No. 3, CST Road, Kalina Santacruz (East), Mumbai-400098, Maharashtra |
|
Tel. No.: |
91-22-26654832 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of Incorporation
: |
30.12.2003 |
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Com. Reg. No.: |
11-143747 |
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Capital
Investment / Paid-up Capital : |
Rs. 0.100 Million |
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|
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CIN No.: [Company Identification
No.] |
U51504MH2003PTC143747 |
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|
|
|
IEC No.: |
0303083786 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AADCM7788F |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Importers, Exporters, Import agents and sellers of mechanical,
electrical, electronic goods. (Registered Activity) |
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|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company and it is having satisfactory track
record. The rating on company reflects its healthy operational and financial
profile marked by growing scale of its operation and maintaining
profitability margin during the year under review. Rating further takes consideration on company experienced promoters
and decent track record of the company operations along with improved
reserves position of the company in FY-14. However, rating is constrained on company modest capital structure and
decline in its cash and cash equivalents during the year under review. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. In view of aforesaid, the company can be considered normal for
business dealings at usual trade terms and conditions. Note : There is typo error in the 2014 annual report. The year mentioned in the annual report is 2013 whereas the current year should be 2014. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Mudassar Mohd Aslam Mukadam |
|
Designation : |
Director |
|
Contact No.: |
91-9870057662 |
|
Date : |
14.12.2015 |
LOCATIONS
|
Registered Office : |
Govind Sagar Building No. 2, 1st Floor, Flat No. 3, CST Road, Kalina, Santacruz (East), Mumbai-400098, Maharashtra, India |
|
Tel. No.: |
91-22-26654832 |
|
Mobile No.: |
91-9870057662 (Mr. Mudassar Moh. Aslam) |
|
Fax No.: |
91-22-26655753 |
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E-Mail : |
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Website : |
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Head Office : |
D 378, TTC Indusrial Area, MIDC, Turbhe, Navi Mumbai - 400705, Maharashtra, India |
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Tel. No.: |
91-22-41553333 (10 Lines) |
|
Fax No.: |
91-22-41553300 |
|
E-Mail : |
DIRECTORS
As on 31.03.2015
|
Name : |
Mohamed Shahid Mohamed Ilyas |
|
Designation : |
Director |
|
Address : |
D 111, 1st Floor, Vivek Apartments, CST Road, Kalina, Santacruz (East), Mumbai-400098, Maharashtra, India |
|
Date of Birth/Age : |
16.06.1957 |
|
Date of Appointment : |
30.12.2003 |
|
DIN No.: |
00672024 |
|
|
|
|
Name : |
Mr. Mudassar Mohd Aslam Mukadam |
|
Designation : |
Director |
|
Address : |
Flat No 301, 3rd Floor, Safal Park, Plot No 3 and 12, Nerul, Navi Mumbai-400708, Maharashtra, India |
|
Date of Birth/Age : |
07.10.1984 |
|
Date of Appointment : |
30.12.2003 |
|
DIN No.: |
00671933 |
|
|
|
|
Name : |
Mr. Mahmood Mazhar Kazi |
|
Designation : |
Director |
|
Address : |
Plot No 29 and 30, Flat No. A 101, Sec- 19, Safal Ganga, Nerul, Navi Mumbai-400706, Maharashtra, India |
|
Date of Birth/Age : |
23.04.1957 |
|
Date of Appointment : |
30.12.2003 |
|
DIN No.: |
00671757 |
|
|
|
|
Name : |
Mr. Mohd Aslam Abdul Gafoor Mukadam |
|
Designation : |
Director |
|
Address : |
Flat No B 301, 3rd Floor, Safal Park, Plot No 3 and 12, Nerul, Navi Mumbai-400708, Maharashtra, India |
|
Date of Birth/Age : |
10.06.1958 |
|
Date of Appointment : |
30.12.2003 |
|
DIN No.: |
00671818 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Mahmood Mazhar Kazi |
1000 |
10.00 |
|
Mudassar Mohd Aslam Mukadam |
4500 |
45.00 |
|
Mohamed Shahid Mohamed Ilyas |
1000 |
10.00 |
|
Mohd Aslam Abdul Gafoor Mukadam |
2000 |
20.00 |
|
Mushtaq Abdur Mapkar |
1500 |
15.00 |
|
Total |
10000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers, Exporters, Import agents and sellers of mechanical,
electrical, electronic goods. (Registered Activity) |
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Products : |
Not Available |
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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
|
Suppliers : |
·
Ambit Industries
Private Limited ·
Dalvi Packaging Industries ·
Komal Enterprises ·
J M Alloys ·
J P Electricals ·
J.P. Swithchgear Distributors Private Limited ·
Krishna Casting |
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
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Customers : |
·
AL Abjal Saudi Elevators Company ·
Bharat Bijlee Limited ·
Ambit Industries
Private Limited ·
Apex Elevators Private Limited ·
Eros Elevators Private Limited ·
Inder Enterprises and Engineering |
||||||||||||||||||||||
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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 : |
Umesh Mada and Company Chartered Accountants |
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Address : |
C-2, Clifton, Raviraj Oberoi Complex, Sab TV Lane, Off New Link Road,
Andheri (West), Mumbai-400053, Maharashtra, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAGFM6486J |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.100
Million |
|
|
|
|
|
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 |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
9.267 |
6.077 |
4.084 |
|
(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) |
9.367 |
6.177 |
4.184 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
3.030 |
3.030 |
3.030 |
|
(b) Deferred tax liabilities (Net) |
0.010 |
0.005 |
0.019 |
|
(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) |
3.040 |
3.035 |
3.049 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
4.027 |
1.500 |
1.000 |
|
(b) Trade
payables |
14.054 |
9.040 |
9.047 |
|
(c) Other current
liabilities |
4.133 |
11.802 |
0.700 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
22.214 |
22.342 |
10.747 |
|
|
|
|
|
|
TOTAL |
34.621 |
31.554 |
17.980 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.693 |
1.665 |
1.950 |
|
(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 |
0.015 |
0.015 |
0.015 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.100 |
0.000 |
0.100 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
3.808 |
1.680 |
2.065 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
13.045 |
13.954 |
8.307 |
|
(c) Trade receivables |
5.154 |
10.799 |
3.378 |
|
(d) Cash
and cash equivalents |
0.931 |
1.234 |
1.360 |
|
(e)
Short-term loans and advances |
11.653 |
3.831 |
2.846 |
|
(f) Other
current assets |
0.030 |
0.056 |
0.024 |
|
Total
Current Assets |
30.813 |
29.874 |
15.915 |
|
|
|
|
|
|
TOTAL |
34.621 |
31.554 |
17.980 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
74.181 |
43.485 |
36.448 |
|
|
|
Other Income |
1.902 |
0.442 |
0.365 |
|
|
|
TOTAL (A) |
76.083 |
43.927 |
36.813 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
39.011 |
27.050 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(5.358) |
(0.666) |
|
|
|
Employees benefits expense |
|
3.965 |
3.624 |
|
|
|
Other expenses |
|
2.864 |
4.299 |
|
|
|
TOTAL (B) |
71.333 (including
financial and depreciation) |
40.482 |
34.307 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
|
3.445 |
2.506 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST AND FINANCE EXPENSES (D) |
|
0.214 |
0.130 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
|
3.231 |
2.376 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
|
0.347 |
0.402 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
4.750 |
2.884 |
1.974 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.559 |
0.891 |
0.483 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
3.191 |
1.993 |
1.491 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
20.656 |
17.560 |
3.255 |
|
|
|
|
|
|
|
|
|
|
Value of Imports
CIF Basis |
12.920 |
6.510 |
4.540 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
319.10 |
199.00 |
149.00 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.30 |
4.58 |
4.09 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
7.92 |
6.88 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.73 |
9.14 |
10.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.51 |
0.47 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.75 |
0.73 |
0.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.34 |
1.48 |
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 |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
4.084 |
6.077 |
9.267 |
|
Net
worth |
4.184 |
6.177 |
9.367 |
|
|
|
|
|
|
long-term borrowings |
3.030 |
3.030 |
3.030 |
|
Short term borrowings |
1.000 |
1.500 |
4.027 |
|
Total
borrowings |
4.030 |
4.530 |
7.057 |
|
Debt/Equity
ratio |
0.963 |
0.733 |
0.753 |
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 |
36.448 |
43.485 |
74.181 |
|
|
|
19.307 |
70.590 |
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 |
36.448 |
43.485 |
74.181 |
|
Profit/ (Loss) |
1.491 |
1.993 |
3.191 |
|
|
4.09% |
4.58% |
4.30% |
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 |
No |
|
18] |
Major suppliers |
|
|
19] |
Major customers |
|
|
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 |
TURNOVER AND PROFIT
During the year, the turnover increased by Rs. 33.742 Million i.e. from Rs. 47.112 Million for the previous year to Rs. 80.854 Million in the current year, with the consequent increase in the expenses by Rs.30.289 Million from Rs. 41.043 Million in the previous year to Rs.71.333 Million in the current year.
The year ended with a profit of Rs.4.750 Million against a profit of Rs. 2.884 Million for the previous year. After deducting thereto current tax amounting to Rs. 1.555 Million, and after adjustment of deferred tax Rs. 0.001 Million (previous year tax –Current tax Rs. 0.905 Million the profit for the year aggregating to Rs.3.190 Million (previous year profit Rs. 1.993 Million) has been carried to Balance Sheet.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term Borrowings |
|
|
|
Mohamed Shahid |
0.305 |
0.305 |
|
Mahmood Mazhar Kazi |
0.325 |
0.325 |
|
Mudassar Mohd Aslam Mukadam |
0.150 |
0.150 |
|
Mushtaq Mapkar |
0.450 |
0.450 |
|
Aslam Mukadam |
1.800 |
1.800 |
|
Total |
3.030 |
3.030 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10527610 |
13/09/2014 |
10,000,000.00 |
Bombay Mercantile Co-Operative Bank Limited |
Foreign Exchange Branch, Navratan Building, 69, P. D'Mello Road, Carnac
Bunder, Mumbai, Maharashtra - 400009, India |
C31054067 |
|
2 |
10527605 |
31/08/2015 * |
10,000,000.00 |
Bombay Mercantile Co-Operative Bank Limited |
Foreign Exchange Branch, Navratan Building, 69, P. D'Mello Road,
Carnac Bunder, Mumbai, Maharashtra - 400009, India |
C65345662 |
|
3 |
10458090 |
09/11/2013 |
6,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W , MUMBAI,
Maharashtra - 400013, INDIA |
B88718952 |
* Date of charge modification
FIXED ASSETS
- Computer
- Office equipment
- Fax Machine
- Bicycle
- Motor
- Air conditioner
- Furniture and Fixture
- Generator
- Water Cooler
- Telephone
- Tools
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.67.04 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.73.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.