MIRA INFORM REPORT
|
Report No. : |
301881 |
|
Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
INSPIRON ENGINEERING PRIVATE LIMITED (w.e.f. 07.03.2007) |
|
|
|
|
Formerly Known
As : |
A.T. E. INDUSTRIES PRIVATE LIMITED (w.e.f. 07.03.2003) MOTEX ENGINEERING COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Near GIDC Odhav, Odhav Road, Ahmedabad - 382415, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
15.10.1996 |
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|
|
|
Com. Reg. No.: |
04-050337 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.110 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920GJ1996PTC050337 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMI00999F AHMM00497A |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
Line of Business
: |
Manufacturer and Exporter of Textile Machine and Machinery Parts. |
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|
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|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
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 : |
Usually Correct |
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|
|
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Litigation : |
Not Available |
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|
Comments : |
Subject is an established company having a satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered normal 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
CARE |
|
Rating |
SME 2 |
|
Rating Explanation |
High Creditworthiness |
|
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.
LOCATIONS
|
Registered Office / Factory: |
Near GIDC Odhav, Odhav Road, Ahmedabad - 382415, Gujarat, India |
|
Tel. No.: |
91-79-30212000/ 99/ 30212061 |
|
Mobile No: |
91-9725019356 (Mr. Alpesh Patel) |
|
Fax No.: |
91-79-30212090 |
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E-Mail : |
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|
Website: |
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|
Location: |
Owned |
DIRECTORS
AS ON 07.06.2014
|
Name : |
Mr. Prakash Krishnalal Bhagwati |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
‘’Vatsalya”, Bhagwati Farms, behind Karnavati Club, Mumatpura Village,
Post Bopal, Ahmedabad – 380058,
Gujarat, India |
|
Date of Birth/Age : |
30.08.1946 |
|
Date of Appointment : |
15.10.1996 |
|
Voter ID No.: |
GJ/10/068/048009 |
|
DIN No.: |
00094852 |
|
Name : |
Mr. Amol Prakash Bhagwati |
|
Designation : |
Managing Director |
|
Address : |
‘’Vatsalya”, Bhagwati Farms, behind Karnavati Club, |
|
Date of Birth/Age : |
05.08.1973 |
|
Date of Appointment : |
11.12.2002 |
|
DIN No.: |
00128350 |
|
Name : |
Ms. Radhika Amol Bhagwati |
|
Designation : |
Director |
|
Address : |
‘’Vatsalya”, Bhagwati Farms, behind Karnavati Club, |
|
Date of Birth/Age : |
27.06.1977 |
|
Date of Appointment : |
17.03.2007 |
|
DIN No.: |
01425422 |
|
|
|
|
Name : |
Mr. Anjana Prakash Bhagwati |
|
Designation : |
Additional Director |
|
Address : |
‘’Vatsalya”, Bhagwati Farms, behind Karnavati Club, |
|
Date of Birth/Age : |
13.10.1646 |
|
Date of Appointment : |
12.05.2014 |
|
DIN No.: |
01425439 |
KEY EXECUTIVES
|
Name : |
Mr. Alpesh Patel |
|
Designation : |
Marketing Executive |
|
|
|
|
Name : |
Parikh Dave and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
5-D, 5th Floor, Vardan Exclusive, Next to Vimal House, Near
Studium Petrol Pump, Navranpura, Ahmedabad – 380014, Gujarat, India |
|
Tel No.: |
91-79-26405454 |
|
Email:: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 07.06.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Pramol Traders Holdings Private Limited, India |
|
9109999 |
|
Prakash Krishnalal Bhagwati Jointly with Mr. Amol Prakash Bhagwati (as
nominee of Pramol Traders Holdings Private Limited, India ) |
|
1 |
|
|
|
|
|
Total |
|
9110000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 09.08.2014
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Textile machine and machinery parts |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
200 (Approximately) |
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|||||||||||||||
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Bankers : |
· The Karur Vysya Bank Limited “Motilal Centre”, Near Vikaram
Chambers, Ashram Road Branch, Ashram Road, Ahmedabad – 380009, Gujarat,
India |
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Facilities : |
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|
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
Shah and Shah Associates Chartered Accountants |
|
Address : |
702, Aniket, Near Municipal Market, Navrangpur, Ahmedabad – 380009,
Gujarat, India |
|
Tel. No.: |
91-79-26465433 |
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Fax No.: |
91-79-26406983 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFS7036F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
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|
|
Holding Company : |
· Pramol Traders Holdings Private Limited CIN No.: U67120GJ2006PTC047601 |
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|
|
|
Entities where
control Exists : |
·
Erhardt + Leimer (India) Private Limited (Upto 30th November, 2013) |
CAPITAL STRUCTURE
AS ON 07.06.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Re.1/- each |
Rs.35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9110000 |
Equity Shares |
Re.1/- each |
Rs.9.110
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 |
9.110 |
9.110 |
9.110 |
|
(b) Reserves & Surplus |
262.194 |
188.325 |
170.087 |
|
(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) |
271.304 |
197.435 |
179.197 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
13.945 |
|
(b) Deferred tax liabilities (Net) |
12.903 |
12.704 |
12.158 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.447 |
0.428 |
0.000 |
|
Total
Non-current Liabilities (3) |
13.350 |
13.132 |
26.103 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
7.288 |
18.609 |
25.063 |
|
(b)
Trade payables |
77.295 |
73.712 |
59.920 |
|
(c)
Other current liabilities |
58.633 |
36.239 |
37.368 |
|
(d)
Short-term provisions |
7.627 |
5.911 |
5.378 |
|
Total
Current Liabilities (4) |
150.843 |
134.471 |
127.729 |
|
|
|
|
|
|
TOTAL |
435.497 |
345.038 |
333.029 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
144.262 |
151.762 |
155.835 |
|
(ii)
Intangible Assets |
6.057 |
3.053 |
3.914 |
|
(iii)
Capital work-in-progress |
0.000 |
0.356 |
1.504 |
|
(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 |
3.184 |
2.387 |
2.279 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
153.503 |
157.558 |
163.532 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
62.562 |
0.000 |
0.000 |
|
(b)
Inventories |
136.136 |
115.607 |
92.833 |
|
(c)
Trade receivables |
55.066 |
52.084 |
44.808 |
|
(d)
Cash and cash equivalents |
2.251 |
3.837 |
9.177 |
|
(e)
Short-term loans and advances |
20.277 |
12.734 |
13.555 |
|
(f)
Other current assets |
5.702 |
3.218 |
9.124 |
|
Total
Current Assets |
281.994 |
187.480 |
169.497 |
|
|
|
|
|
|
TOTAL |
435.497 |
345.038 |
333.029 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income (Gross Income) |
744.011 |
582.949 |
596.396 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
NA |
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
129.655 |
50.534 |
90.112 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.349 |
3.778 |
4.509 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
128.306 |
46.756 |
85.603 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.939 |
18.826 |
13.961 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
110.367 |
27.930 |
71.642 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
36.499 |
9.692 |
23.276 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
73.868 |
18.238 |
48.366 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
160.766 |
142.528 |
94.162 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
234.634 |
160.766 |
142.528 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
342.005 |
256.009 |
316.873 |
|
|
|
Design Service |
26.130 |
14.030 |
10.066 |
|
|
TOTAL EARNINGS |
368.135 |
270.039 |
326.939 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
40.242 |
32.531 |
20.901 |
|
|
|
Stores & Spares |
1.613 |
4.733 |
1.579 |
|
|
|
Plant and Machinery |
1.607 |
0.512 |
10.971 |
|
|
TOTAL IMPORTS |
43.462 |
37.776 |
33.451 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
2.00 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
25.34 |
8.10 |
21.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.14 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.03 |
0.09 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87 |
1.39 |
1.33 |
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 |
9.110 |
9.110 |
9.110 |
|
Reserves & Surplus |
170.087 |
188.325 |
262.194 |
|
Net
worth |
179.197 |
197.435 |
271.304 |
|
|
|
|
|
|
long-term borrowings |
13.945 |
0.000 |
0.000 |
|
Short term borrowings |
25.063 |
18.609 |
7.288 |
|
Total
borrowings |
39.008 |
18.609 |
7.288 |
|
Debt/Equity
ratio |
0.218 |
0.094 |
0.027 |
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 (Gross Income) |
596.396 |
582.949 |
744.011 |
|
|
|
(2.255) |
27.629 |
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 (Gross Income) |
596.396 |
582.949 |
744.011 |
|
Profit |
48.366 |
18.238 |
73.868 |
|
|
8.11% |
3.13% |
9.93% |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Short-term
borrowings |
|
|
|
Current Maturity of inter-corporate deposit from Holding Company |
0.000 |
9.789 |
|
|
|
|
|
Total |
0.000 |
9.789 |
NOTE:
The registered office of the company has been shifted from Survey No. 320,
Near GIDC Odhav, Odhav Road, Ahmedabad - 382415, Gujarat, India, to the present
address w.e.f. 01.04.2007.
OPERATIONS
During the year the Company has registered the total income from sales and service Rs.744.011 Millions as compared to previous year total income of Rs.582.949 Millions. The Company has made profit before tax of Rs.110.367 Millions compared to previous year Rs.27.929 Millions. This has been possible due to spurt in business in India as well as overseas market, favorable product mix and favorable foreign exchange rate.
FUTURE OUTLOOK
With revival of Textile spinning and processing industry in certain
parts of the country, Company is expecting improvement in Flyers and Stenter
machine business. Company has comfortable order book position for flyers.
Company expects better business in coming period on account of special efforts
put for marketing the products.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90159263 |
12/06/2009 * |
72,500,000.00 |
KARUR VYSYA BANK LIMITED |
SAKAR VII, B BLOCK, ASHRAM ROAD,
AHMEDABAD, GUJAR |
A64423890 |
Note: * Date of
charge modification
CONTINGENT LIABILITY NOT PROVIDED FOR
IN RESPECT OF: (AS ON 31.03.2014)
Guarantees
given by bank to third parties on behalf of the company for which counter
guarantees have been given by the company: Rs.0.100 Million, (Previous year
Rs.3.830 Millions)
Back
wages and reinstatement demand made by certain dismissed contract workers -
pending adjudication: Rs.1.548 Millions (Previous Year Rs.1.668 Millions).
Disputed
liability for excise duty and penalty thereon aggregating to Rs.3.377 Millions
(Previous year Rs.3.377 Millions).
Disputed
income tax liability for:
Assessment
Year 2005-06 Rs.3.463 Millions/- (Previous year Rs.3.463 Millions)
FIXED ASSETS
·
Freehold land
·
Leasehold Land
·
Buildings
·
Plants and Equipment’s
·
Electrical Installations and Fittings
·
Furniture and Fixture
·
Office Equipment’s
·
Computers and Computer Software
·
Vehicles
·
Technical Know-how fees
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.63.29 |
|
|
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.