MIRA
INFORM REPORT
|
Report No. : |
308006 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MACRO BARS AND WIRES ( |
|
|
|
|
Registered
Office : |
304, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.07.1991 |
|
|
|
|
Com. Reg. No.: |
11- 062752 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.8.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH1991PTC062752 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM09774C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM3526C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Stainless Steel Wires. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. 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.
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
|
Name : |
Ms. Shweta |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-23523757 |
|
Date : |
13.02.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
304, Bombay Market Building, Tardeo Road, Mumbai – 400034,
Maharashtra, India |
|
Tel. No.: |
91-22-23523757 |
|
Fax No.: |
91-22-23524758 / 66627393 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq. Ft |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Survey No. 824/2 and 25/3, Devchand Sant Udyog, Village Mahim,
Palghar-40044, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Dhawalchand Chhaganlal Kanugo |
|
Designation : |
Director |
|
Address : |
102/A, Sanidhya Building, 1st Floor, Near Sankalp Building,
Walkeshwar Road, Mumbai- 400006, Maharashtra, India |
|
Date of Birth/Age : |
17.07.1950 |
|
Date of Appointment : |
31.07.1991 |
|
Din No.: |
01200655 |
|
|
|
|
Name : |
Mr. Jitendra Dhawalchand Kanugo |
|
Designation : |
Director |
|
Address : |
A-102, Sanidhya
Building, Walkeshwar Road, Mumbai-400006, Maharashtra, India |
|
Qualification : |
Post Graduate |
|
Date of Birth/Age : |
06.04.1975 |
|
Date of Appointment : |
10.10.1995 |
|
Din No.: |
00935049 |
|
|
|
|
Name : |
Mr. Amritesh Kamalkishore Vaid |
|
Designation : |
Director |
|
Address : |
21, Bhagwan Mansion, Cinema Road, Dhobi Talao, Mumbai- 400020,
Maharashtra, India |
|
Qualification : |
Graduate and Technically Educated |
|
Date of Birth/Age : |
08.04.1969 |
|
Date of Appointment : |
31.07.1991 |
|
Din No.: |
01898429 |
|
|
|
|
Name : |
Mr. Parikshit Kamalkishore Vaid |
|
Designation : |
Director |
|
Address : |
21, Bhagwan Mansion, Cinema Road, Dhobi Talao, Mumbai- 400020,
Maharashtra, India |
|
Qualification : |
27.09.1973 |
|
Date of Birth/Age : |
Post Graduate |
|
Date of Appointment : |
10.10.1995 |
|
Din No.: |
01200554 |
KEY EXECUTIVES
|
Name : |
Ms. Shweta |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Jitendra Dhawalchand Kanugo |
200000 |
25.00 |
|
Parikshit Kamalkishore Vaid |
200000 |
25.00 |
|
Dhawalchand Chhaganlal Kanugo |
200000 |
25.00 |
|
Amritesh Kamalkishore Vaid |
200000 |
25.00 |
|
Total |
800000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20308006_MIRA%2016-Feb-2015_files/image002.gif)
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Stainless Steel Wires. |
|
|
|
|
Products : |
Stainless Steel Wires |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Stainless Steel Wires |
|
Countries : |
·
France ·
USA ·
Germany |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
France ·
Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30-60-90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30-60-90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
End Users
|
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No. of Employees : |
250 (Approximately) |
||||||||||||||||||
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Bankers : |
· Citi Bank N. A., First International Financial Centre, 9th Floor, Plot No.C-54, C-55, G-Block, BKC, Bandra, Mumbai - 400051, Maharashtra, India ·
ABN Amro Bank N. V. Sakhar Bhavan, 7th Floor,
Nariman Point, Mumbai - 400021, Maharashtra, India |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M.C. Doshi and Associates Chartered Accountants |
|
Address : |
307, Vaishali Apartments, 30/31, Parekh Street, Prathana Samaj,
Mumbai-400004, Maharashtra, India |
|
Tel. No.: |
91-22-67437416 / 17 |
|
Fax No.: |
91-22-23824232 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACPD4437A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Entities in
which KMP / Relatives of KMP can exercise significant influence: |
·
Austenic Steels Private Limited ·
Fit Right Nuts and Bolts ·
D.H. Exports Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.10/- each |
Rs.8.000 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 |
8.000 |
8.000 |
8.000 |
|
(b) Reserves & Surplus |
547.706 |
509.090 |
470.469 |
|
(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) |
555.706 |
517.090 |
478.469 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
7.365 |
7.831 |
8.326 |
|
(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) |
7.365 |
7.831 |
8.326 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
45.053 |
30.879 |
31.188 |
|
(b) Trade payables |
38.597 |
44.263 |
77.324 |
|
(c) Other current liabilities |
4.288 |
13.331 |
16.697 |
|
(d) Short-term provisions |
2.049 |
0.307 |
3.194 |
|
Total
Current Liabilities (4) |
89.987 |
88.780 |
128.403 |
|
|
|
|
|
|
TOTAL |
653.058 |
613.701 |
615.198 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
62.162 |
60.514 |
59.528 |
|
(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 |
11.229 |
11.206 |
11.203 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
127.717 |
90.127 |
108.428 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
201.108 |
161.847 |
179.159 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
108.760 |
80.811 |
146.091 |
|
(c) Trade receivables |
176.712 |
172.697 |
121.691 |
|
(d) Cash and cash equivalents |
2.270 |
2.804 |
4.576 |
|
(e) Short-term loans and
advances |
148.302 |
179.858 |
157.950 |
|
(f) Other current assets |
15.906 |
15.684 |
5.731 |
|
Total
Current Assets |
451.950 |
451.854 |
436.039 |
|
|
|
|
|
|
TOTAL |
653.058 |
613.701 |
615.198 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
857.144 |
896.733 |
928.315 |
|
|
Other Income |
30.747 |
19.877 |
15.403 |
|
|
TOTAL
(A) |
887.891 |
916.610 |
943.718 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Raw Materials Consumed |
675.072 |
758.874 |
736.804 |
|
|
Changes in Inventories |
(15.643) |
(51.327) |
(10.390) |
|
|
Employee benefit expenses |
57.164 |
68.403 |
62.179 |
|
|
Other Expense |
84.568 |
78.457 |
81.774 |
|
|
TOTAL
(B) |
801.161 |
854.407 |
870.367 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
86.730 |
62.203 |
73.351 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.887 |
0.337 |
1.156 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
85.843 |
61.866 |
72.195 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
4.852 |
4.649 |
4.496 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
80.991 |
57.217 |
67.699 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
42.376 |
18.596 |
22.292 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
38.615 |
38.621 |
45.407 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
769.929 |
821.627 |
830.789 |
|
|
TOTAL
EARNINGS |
769.929 |
821.627 |
830.789 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
6.720 |
153.923 |
|
|
Stores & Spares |
2.436 |
0.097 |
1.582 |
|
|
TOTAL
IMPORTS |
2.436 |
6.817 |
155.505 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
48.27 |
48.28 |
56.76 |
Expected Sales (2014-2015) : Rs.900.000 Millions
The above information has been parted by Ms. Shweta
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
4.51 |
4.31 |
4.89 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.12 |
6.94 |
7.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.62 |
9.50 |
11.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.11 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.08 |
0.06 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
5.02 |
5.09 |
3.40 |
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 |
8.000 |
8.000 |
8.000 |
|
Reserves & Surplus |
470.469 |
509.090 |
547.706 |
|
Net
worth |
478.469 |
517.090 |
555.706 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
31.188 |
30.879 |
45.053 |
|
Total
borrowings |
31.188 |
30.879 |
45.053 |
|
Debt/Equity
ratio |
0.065 |
0.060 |
0.081 |
%20PRIVATE%20LIMITED%20-%20308006_MIRA%2016-Feb-2015_files/image004.gif)
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 |
928.315 |
896.733 |
857.144 |
|
|
|
(3.402) |
(4.415) |
%20PRIVATE%20LIMITED%20-%20308006_MIRA%2016-Feb-2015_files/image006.gif)
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 |
928.315 |
896.733 |
857.144 |
|
Profit |
45.407 |
38.621 |
38.615 |
|
|
4.89% |
4.31% |
4.51% |
%20PRIVATE%20LIMITED%20-%20308006_MIRA%2016-Feb-2015_files/image008.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS – NOT AVAILABLE
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
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 |
NOTE:
The registered office of the company has been shifted from 702 Bombay Market
Building, Tardeo Road, Mumbai-400034, Maharashtra, India to the present address
w.e.f. 01.04.2007
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2014 |
As on 31.03.2013 |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on
demand |
|
|
|
Temporary Overdrawn Balances |
4.448 |
5.124 |
|
|
|
|
|
Total |
4.448 |
5.124 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER
(SRN) |
|
1 |
10483828 |
31/01/2014 |
65,000,000.00 |
CITIBANK N. A. |
FIRST INTERNATIONAL
FINANCIAL CENTRE, 9TH FLOOR,, |
C00047712 |
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
a Guarantee given by bank MPCB |
0.025 |
0.025 |
|
b Income Tax Demand disputed in appeals (net of payments) Asst year |
|
|
|
2001-2002 |
0.000 |
4.893 |
FIXED ASSETS
TANGIBLE ASSETS
· Freehold Land
· Factory Buildings
· Plant and Machinery
· Factory Equipment
· Electrical Installations
· Furniture and Fixtures
· Vehicles
· Office Equipments
· Air Conditioners
· Computers
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PAT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.