MIRA INFORM REPORT
|
Report No. : |
303132 |
|
Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
ASAHI ROPES PRIVATE LIMITED (w.e.f. 23.12.2009) |
|
|
|
|
Formerly Known
As : |
ASAHI STEEL INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
219 -220, Shiam Shanti Market 160, Asmeri Gate, New Delhi - 110007 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
07.02.1986 |
|
|
|
|
Com. Reg. No.: |
023284 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.470 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1986PTC023284 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of steel wire ropes. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 78000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. General financial position of the company seems to be sound and
healthy. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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.
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 |
|
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
31-03-2014.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Amit Mishra |
|
Designation : |
Manager |
|
Contact No.: |
91-11-49002900 |
|
Date : |
20.01.2015 |
LOCATIONS
|
Registered Office / Factory : |
219 -220, Shiam Shanti Market 160, Asmeri Gate, New Delhi – 110007, India |
|
Tel. No.: |
91-11-23232160 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
|
|
|
Corporate Office : |
902, KLJ Tower North, Netaji Subhash Place, Pitampura, New Delhi-110034, India |
|
Tel. No.: |
91-11-49002900 |
|
Fax No.: |
91-11-49002999 |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mukesh Gupta |
|
Designation : |
Director |
|
Address : |
A-20, C C Colony, Delhi – 110007, India |
|
Date of Birth/Age : |
09.10.1959 |
|
Date of Appointment : |
07.02.1986 |
|
DIN No.: |
00047854 |
|
|
|
|
Name : |
Ashwani Gupta |
|
Designation : |
Director |
|
Address : |
B 253, 1st Floor, Lok Vihar, Pitampura, Delhi – 110034,
India |
|
Date of Birth/Age : |
19.03.1959 |
|
Date of Appointment : |
07.02.1986 |
|
DIN No.: |
00841797 |
|
|
|
|
Name : |
Nanak Saran Singh |
|
Designation : |
Director |
|
Address : |
180, Dharam Kunj Apartment, Sector – 9, Rohini, Delhi – 110085, India |
|
Date of Birth/Age : |
30.06.1963 |
|
Date of Appointment : |
01.05.1997 |
|
DIN No.: |
00841829 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Mishra |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of
Shareholders |
|
No. of Shares |
|
AshwaniGupta |
|
66600 |
|
Arun Gupta |
|
100 |
|
Anita Gupta |
|
10150 |
|
AshwaniGupta(Karta) |
|
16550 |
|
Gita Devi |
|
13500 |
|
Hardial Singh (Karta) |
|
41000 |
|
Harpreet Kaur |
|
48000 |
|
Kanta Gupta |
|
9800 |
|
Mukesh Kr. Gupta |
|
16200 |
|
Shubhra Gupta |
|
15500 |
|
Meena Gupta |
|
16000 |
|
Mukesh Kr. Gupta (Karta) |
|
17500 |
|
Nanak Saran Singh |
|
1000 |
|
Ruchika GuPta |
|
100 |
|
Sangeeta GuPta |
|
28500 |
|
Surindra Kaur |
|
47500 |
|
Mikesh Gupta |
|
16000 |
|
Mansi GuPta |
|
16000 |
|
Four EMM Credit and Portfolio Private Limited, India |
|
37000 |
|
Nakul Gupta |
|
28000 |
|
Indra Pal Gupta |
` |
200 |
|
Rakesh GuPta |
|
200 |
|
Rakesh GuPta |
|
1600 |
|
Total |
|
447000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
2.68 |
|
Directors or relatives of Directors |
97.32 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of steel wire ropes. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
All over world |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
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Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||||
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Bankers : |
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||||||||||||||||||||||||
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Facilities : |
Note : Long-term
Borrowings Loan from HFC secured against hypothecation of Land & Building at Plot No. 1800, Rai Industrial Estate Term loan from Union Bank of India secured against hypothecaton of Plant & Machinery. Short-term
borrowings Cash Credit Limit with Union Bank of India secured by the hypothecation of stock of Raw-Material, Semi-Finished Goods & Finished Goods and sundry debtors and collaterally secured by way of Mortgage of land and building at khasra no. 429/2, village hamidpur, Delhi -110036 and second charges by way of hyothecation of plant & machinery and personally guaranteed by the Directors. |
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|
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Banking
Relations : |
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|
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|
Auditors : |
|
|
Name : |
L N Choudhary and Company Chartered Accountants |
|
Address : |
509, Luxmi Tower, Azadpur, New Delhi – 110033, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFL0859Q |
|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
--- |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
447,000 |
Equity Shares |
Rs.10/- each |
Rs.4.470
Millions |
|
|
|
|
|
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.470 |
2.470 |
2.470 |
|
(b) Reserves & Surplus |
22.491 |
11.724 |
10.889 |
|
(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) |
26.961 |
14.194 |
13.359 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
23.366 |
23.659 |
23.391 |
|
(b) Deferred tax liabilities
(Net) |
1.995 |
1.789 |
1.511 |
|
(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) |
25.361 |
25.448 |
24.902 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
7.371 |
7.138 |
4.529 |
|
(b) Trade payables |
23.481 |
27.318 |
21.801 |
|
(c) Other current liabilities |
4.840 |
4.904 |
7.611 |
|
(d) Short-term provisions |
0.229 |
0.265 |
0.152 |
|
Total
Current Liabilities (4) |
35.921 |
39.625 |
34.093 |
|
|
|
|
|
|
TOTAL |
88.243 |
79.267 |
72.354 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
28.020 |
26.856 |
24.527 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
28.020 |
26.856 |
24.527 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
29.495 |
22.161 |
25.112 |
|
(c) Trade receivables |
26.626 |
26.428 |
18.623 |
|
(d) Cash and cash equivalents |
1.037 |
0.902 |
0.826 |
|
(e) Short-term loans and
advances |
3.065 |
2.920 |
3.266 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
60.223 |
52.411 |
47.827 |
|
|
|
|
|
|
TOTAL |
88.243 |
79.267 |
72.354 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
Income |
98.797 |
101.284 |
86.767 |
|
|
Other Income |
|
|
|
|
|
TOTAL |
98.797 |
101.284 |
86.767 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
97.595 |
99.895 |
85.970 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
1.202 |
1.389 |
0.797 |
|
|
|
|
|
|
|
Less |
TAX |
0.435 |
0.554 |
0.365 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
0.767 |
0.835 |
0.432 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
1.048 |
4.447 |
2.217 |
|
|
TOTAL EARNINGS |
1.048 |
4.447 |
2.217 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.72 |
3.38 |
--- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.78 |
0.82 |
0.50 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
1.22 |
1.37 |
0.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.36 |
1.75 |
1.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.10 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.14 |
2.17 |
2.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68 |
1.32 |
1.40 |
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 |
2.470 |
2.470 |
4.470 |
|
Reserves & Surplus |
10.889 |
11.724 |
22.491 |
|
Net worth |
13.359 |
14.194 |
26.961 |
|
|
|
|
|
|
long-term borrowings |
23.391 |
23.659 |
23.366 |
|
Short term borrowings |
4.529 |
7.138 |
7.371 |
|
Total borrowings |
27.920 |
30.797 |
30.737 |
|
Debt/Equity ratio |
2.090 |
2.170 |
1.140 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
86.767 |
101.284 |
98.797 |
|
|
|
16.731 |
(2.455) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
86.767 |
101.284 |
98.797 |
|
Profit |
0.432 |
0.835 |
0.767 |
|
|
0.50% |
0.82% |
0.78% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans from Directors & Relatives |
23.366 |
23.178 |
|
Total |
23.366 |
23.178 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10139211 |
16/12/2008 |
4,500,000.00 |
HARYANA FINANCIAL CORPORATION |
17, 18 & 19, SECTOR-17/A, CHANDIGARH, Chandigarh |
A55024921 |
|
2 |
10121190 |
08/08/2008 |
200,000.00 |
UNION BANK OF INDIA |
CHAWRI BAZAR, DELHI, Delhi - 110006, INDIA |
A45534468 |
|
3 |
90054894 |
09/10/2012 * |
14,500,000.00 |
Union Bank of India |
3581, Chawri Bazar, Delhi, Delhi - 110006, INDIA |
B61669735 |
|
4 |
90054442 |
16/02/2002 |
1,300,000.00 |
UNION BANK OF INDIA |
CHAWARI BAZAR, DELHI, Delhi - 110006, INDIA |
- |
|
5 |
90054227 |
25/05/2001 |
1,130,000.00 |
UNION BANK OF INDIA |
CHAWARI BAZAR, DELHI, Delhi, INDIA |
- |
|
6 |
90054008 |
07/09/2000 |
1,100,000.00 |
UNION BANK OF INDIA |
CHAWARI BAZAR, DELHI, Delhi - 110006, INDIA |
- |
|
7 |
90052883 |
29/03/1996 |
100,000.00 |
UNION BANK OF INDIA |
CHAWARI BAZAR, DELHI, Delhi, INDIA |
- |
|
8 |
90052555 |
31/07/1993 |
435,000.00 |
UNION BANK OF INDIA |
CHAWARI BAZAR, DELHI, Delhi - 110006, INDIA |
- |
|
9 |
90052334 |
29/03/1996 * |
434,000.00 |
UNION BANK OF INDIA |
CHAWARI BAZAR, DELHI, Delhi, INDIA |
- |
|
10 |
90052098 |
27/10/1986 |
1,280,000.00 |
CENTRAL BANK OF INDIA |
NAYA BAZAR, DELHI, Delhi - 110006, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- CC TV and Camera
- Plant and Machinery
- Computer and Accessories
- Office Furniture and Fixture
- Office Equipment
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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 records 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.62.14 |
|
|
1 |
Rs.94.79 |
|
Euro |
1 |
Rs.20.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
43 |
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.