MIRA INFORM REPORT
|
Report No. : |
355064 |
|
Report Date : |
17.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAJDEEP AUTOMATION PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
3rd Floor, Survey No. 143, Vadgaon Dhayari, Pune – Sinhagad
Road, Pune – 411041, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
21.06.1999 |
|
|
|
|
Com. Reg. No.: |
11-017928 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.807 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32109PN1999PTC017928 |
|
|
|
|
IEC No.: |
3102007350 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNER05568D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR2096N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter, Importer and Trader of Electronic and
Electrical Machinery Parts like Sensor, Encoder and Counter. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was established in the year 1999 and it is engaged in
manufacturing and trading of electronic and electrical machinery parts and
accessories. As per registrar of companies the date of balance sheet (i.e.
financial file) is shown as 31.03.2014 but the document related to the
financial for the year 31.03.2014 not available. Furthermore, management of
the company has not filed its latest financial of 2015 with Registrar of
Companies and same not available from any sources. As per previous financials record of 2013, financial position of the
company seems to be fair. Rating remain constrained on account of absence of financial
information to evaluated risk associated with the subject company. Business is active as the status shown in the Registrar of Companies.
Payments are reported to be unknown. In view of aforesaid, the company can be considered for business
dealings on safe and secured trade terms and conditions. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Shilpa Palekar |
|
Designation : |
Sales Co-ordinator |
|
Contact No.: |
91-22-23002837 |
|
Date : |
14.12.2015 |
LOCATIONS
|
Registered Office/Factory : |
3rd Floor, Survey No. 143, Vadgaon Dhayari, Pune – Sinhagad
Road, Pune – 411041, Maharashtra, India |
|
Tel. No.: |
91-20-24393755/ 32540067 |
|
Mobile No.: |
91-9326033673 (Mr. Tukaram) |
|
Fax No.: |
91-20-24393756 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
5000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
New Mumbai Office: |
G3A, Anand
Complex, Sane Guruji Marc, Chinchpokli (West), Mumbai – 400001, Maharashtra,
India |
|
Tel. No.: |
91-22-23002837/8 |
|
Fax No.: |
91-22-230023839 |
|
E-Mail : |
|
|
|
|
|
Warehouse : |
S-13, Sonar industrial Estate, Krishnai Aqua Lane, Nanded Phata, Pune,
Maharashtra, India |
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|
|
|
Branch Offices : |
Location At ·
Mumbai ·
Pune ·
Bangalore ·
Coimbatore ·
Vizag ·
New Delhi ·
Ahmedabad |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Shrikant Kirtilal Shah |
|
Designation : |
Director |
|
Address : |
1, Dhun House, Tejpal Road, Gamdevi, Mumbai - 400008, Maharashtra,
India |
|
Date of Birth/Age : |
30.12.1946 |
|
Date of Appointment : |
21.06.1999 |
|
DIN No.: |
00084054 |
|
|
|
|
Name : |
Mr. Shrenik Deepak Shah |
|
Designation : |
Director |
|
Address : |
9/10, Kamla Prabha Apartments, Adinath Socity, Satara Road, Pune –
411037, Maharashtra, India |
|
Date of Birth/Age : |
14.03.1975 |
|
Date of Appointment : |
21.06.1999 |
|
DIN No.: |
00084136 |
|
|
|
|
Name : |
Mr. Sandeep Shrikant Shah |
|
Designation : |
Director |
|
Address : |
Dhun House, 1st Floor, Tejpal Road, Gamdevi, Mumbai -
400004, Maharashtra, India |
|
Date of Birth/Age : |
11.05.1972 |
|
Date of Appointment : |
21.06.1999 |
|
DIN No.: |
00084184 |
|
|
|
|
Name : |
Mr. Bharat Kirtilal Shah |
|
Designation : |
Director |
|
Address : |
9/10, Kamla Prabha Apartments, Adinath Socity, Satara Road, Pune –
411037, Maharashtra, India |
|
Date of Birth/Age : |
07.12.1953 |
|
Date of Appointment : |
20.10.2002 |
|
DIN No.: |
00084217 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Shrikant Shah Jointly with Smita Shah |
107294 |
|
Deepak Kirtilal Shah Jointly with Sandhya Deepak Shah |
10 |
|
Sandeep S. Shah Jointly with Rima Sandeep Shah |
116065 |
|
Anand Shah Jointly with Deepak Shah |
10 |
|
Shrenik Shah Jointly with Deepak Shah |
24851 |
|
Shrenik Shah Jointly with Sandhya Shah |
15436 |
|
Smita Shah Jointly with Shrikant Shah |
43894 |
|
Shrikant Shah (HUF) |
41055 |
|
Sandeep Shah Jointly with Shrikant Shah |
50274 |
|
Sandeep Shrikant Shah Jointly with Smita Shah |
9286 |
|
Sandhya Shah Jointly with Deepk Shah |
10 |
|
Gautam Shah Jointly with Deepak Shah |
10 |
|
Dushyant Shah Jointly with with Harsha Shah |
10 |
|
Harsha Shah Jointly with Dushyan Shah |
10 |
|
Neeraj Shah Jointly with Dushyant Shah |
10 |
|
Bharat Shah Jointly with Nilima Shah |
15028 |
|
Nilima Shah Jointly with Bharat Shah |
10 |
|
Bharat K. Shah Jointly with Shrenik D. Shah |
24000 |
|
Shrenik Deepak Shah Jointly with Bharat Shah |
32100 |
|
Shardaben Shah Jointly with Shrenik Shah |
10 |
|
Shrenik D. Shah Jointly with Shardaben Shah |
21479 |
|
Reema Sandeep Shah Jointly with Sandeep Shrikant Shah |
23451 |
|
Shweta Shah Jointly with Anand Shah |
10 |
|
Sheetal Shrenik Shah Jointly with Shrenik Deepak Shah |
24052 |
|
Shrikant Shah |
100 |
|
Sandeep Shah |
100 |
|
Shrenik Shah |
100 |
|
Shrenik Shah Jointly with Sheetal Shah |
209479 |
|
Shrenik Shah (HUF) |
21535 |
|
Oneil Shah Jointly with Shrenik Shah |
1000 |
|
Total
|
780679 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter, Importer and Trader of Electronic and
Electrical Machinery Parts like Sensor, Encoder and Counter. (Confirmed by management) |
|
|
|
|
Products : |
· Counters · Conduits · Hour Meters · Drag Chains · Geared Motors · Couplings · Encoders · Sensors · Transducers · PLC + HMI · Touch Screens · Safety Switches · Ultrasonic Switches · Proximity Switches · Position Indicators · Process Controllers |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
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Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
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Imports : |
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|
Products : |
Raw Material |
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Countries : |
|
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|
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Terms : |
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Selling : |
Cash / L/C / Cheque / Credit |
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|
|
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Purchasing : |
Cash / L/C / Cheque / Credit |
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Unit |
Actual
Production |
|
Motorized Potentiometer |
Nos. |
235 |
|
Limit Switch and Manual Switch |
Nos. |
183 |
|
Timer |
Nos. |
0 |
|
Encoder |
Nos. |
57 |
|
Infra Red Sensing System |
Nos. |
232 |
|
Power Pack |
Nos. |
403 |
|
Electronic Opto Amplifier |
Nos. |
39 |
|
Digital Presetable Counter |
Nos. |
0 |
|
Control Panel |
Nos. |
0 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
|
|
Name : |
Joshi and Pol Chartered Accountants |
|
Address : |
Malhari, A2/22, Rambaug Colony, Navi Peth, Pune – 411030, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFA9699J |
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|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.10/- Each |
Rs.8.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
780679 |
Equity Shares |
Rs.10/- Each |
Rs.7.807 million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
7.807 |
7.807 |
7.807 |
|
(b) Reserves & Surplus |
135.808 |
114.827 |
96.999 |
|
(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) |
143.615 |
122.634 |
104.806 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
47.513 |
53.179 |
46.404 |
|
(b) Deferred tax liabilities (Net) |
2.699 |
2.461 |
2.401 |
|
(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) |
50.212 |
55.640 |
48.805 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
10.092 |
15.179 |
10.439 |
|
(c) Other
current liabilities |
8.244 |
9.737 |
6.986 |
|
(d) Short-term
provisions |
3.500 |
36.390 |
28.063 |
|
Total Current
Liabilities (4) |
21.836 |
61.306 |
45.488 |
|
|
|
|
|
|
TOTAL |
215.663 |
239.580 |
199.099 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
46.002 |
48.567 |
49.052 |
|
(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 |
59.876 |
48.458 |
16.044 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
1.774 |
0.000 |
0.012 |
|
Total Non-Current
Assets |
107.652 |
97.025 |
65.108 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
35.864 |
29.392 |
23.013 |
|
(c) Trade
receivables |
43.919 |
49.091 |
47.770 |
|
(d) Cash
and cash equivalents |
14.423 |
21.129 |
31.484 |
|
(e) Short-term
loans and advances |
13.629 |
42.925 |
31.521 |
|
(f) Other
current assets |
0.176 |
0.018 |
0.203 |
|
Total
Current Assets |
108.011 |
142.555 |
133.991 |
|
|
|
|
|
|
TOTAL |
215.663 |
239.580 |
199.099 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
214.008 |
223.283 |
215.567 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
187.065 |
194.699 |
185.454 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
26.943 |
28.584 |
30.113 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.423 |
2.245 |
2.195 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
24.520 |
26.339 |
27.918 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.540 |
8.510 |
8.807 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
20.980 |
17.829 |
19.111 |
|
|
|
|
|
|
|
|
|
Add |
EXCESS
PROVISION FOR EARLIER YEAR |
0.198 |
0.000 |
(0.004) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
112.099 |
94.270 |
75.163 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
122.079 |
112.099 |
94.270 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
2.520 |
3.696 |
3.478 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
26.62 |
22.84 |
24.48 |
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
15.74 |
13.78 |
15.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.21 |
0.27 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.33 |
0.43 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.95 |
2.33 |
2.95 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
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 |
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 |
7.807 |
7.807 |
7.807 |
|
Reserves & Surplus |
96.999 |
114.827 |
135.808 |
|
Net
worth |
104.806 |
122.634 |
143.615 |
|
|
|
|
|
|
long-term borrowings |
46.404 |
53.179 |
47.513 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
46.404 |
53.179 |
47.513 |
|
Debt/Equity
ratio |
0.443 |
0.434 |
0.331 |
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) |
|
Total Income |
215.567 |
223.283 |
214.008 |
|
|
|
3.579 |
(4.154) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
215.567 |
223.283 |
214.008 |
|
Profit |
27.918 |
17.828 |
20.980 |
|
|
12.95% |
7.98% |
9.80% |
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 |
Yes |
|
5] |
Buyer visit details |
-- |
|
6] |
Contact numbers |
Yes |
|
7] |
Name of the person contacted |
Yes |
|
8] |
Designation of contact person |
Yes |
|
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) |
Yes |
|
16] |
No. of employees |
Yes |
|
17] |
Details of sister concerns |
No |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
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 |
No |
|
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
From others Unsecured loan from Shareholders and directors |
47.513 |
53.179 |
|
Total |
47.513 |
53.179 |
|
NOTE Interest @ 12% paid on reducing balance. |
||
FIXED ASSETS
·
Free Hold Land
·
Shops at Ahmedabad
·
Premises
·
Plant and Machinery
·
Motor Car
·
Vehicles
·
Bicycle
·
Computer
·
Telephone Equipment
·
Furniture and Fixtures
·
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.67.04 |
|
|
1 |
Rs.101.67 |
|
Euro |
1 |
Rs.73.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.