MIRA INFORM REPORT
|
Report No. : |
330635 |
|
Report Date : |
08.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
KATARIA MOTORS PRIVATE LIMITED |
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Registered
Office : |
Anand Complex Opposite – Ambica Mills Bus Stand, Anupam, Cinema
Road, Near Khokhra Bridge, Khokhra,
Maninagar, Ahmedabad – 380002, Gujarat |
|
Tel. No.: |
91-79-30112501 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.12.2002 |
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Com. Reg. No.: |
04-041611 |
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Capital
Investment / Paid-up Capital : |
Rs. 15.775 Million |
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CIN No.: [Company Identification
No.] |
U50101GJ2002PTC041611 |
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IEC No.: |
0810006022 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCK0029Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer of Truck |
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No. of Employees
: |
Information declined by the management |
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 |
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Status : |
Moderate |
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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 having moderate track record. It was incorporated in 2002. Subject is part of Kataria Group. As per Registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the documents related
to the financials for the year 2014 is not available from any source. However, as per the financial of 2013, rating takes into
consideration, subject moderate financial risk profile marked by weak
liquidity position, weak net worth and huge external borrowing taken by the
company which may act as a threat to its liquidity position. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In the view of extensive experience of promoters and strong support from
group, the subject can be considered for business dealings with some caution. |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Rating = B+ |
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Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
|
Date |
January 13, 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DENIED
Management non co-operative (Tel. No.: 91-79-30112501)
LOCATIONS
|
Registered Office : |
Anand Complex Opposite – Ambica Mills Bus Stand, Anupam, Cinema
Road, Near Khokhra Bridge, Khokhra,
Maninagar, Ahmedabad – 380002, Gujarat, India |
|
Tel. No.: |
91-79-30112501 |
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Fax No.: |
Not Available |
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E-Mail : |
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Service Centre : |
103/B, Opposite Zydus Cadila Plant, Chacharwadi, Sarkhej Bawla
Highway, Ahmedabad 382213, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Rajendrakumar Sobhagmal Kataria |
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Designation : |
Director |
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Address : |
71-B No.-10-Avlon Crust, At – Bodakdev, Ta-Dascroi, Village, Thaltej (CT),
Taluka: Dascroi, Ahmedabad – 380058, Gujarat, India |
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Date of Birth/Age : |
18.04-1953 |
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Date of Appointment : |
02.12.2002 |
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DIN No.: |
00139394
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Other Directorship :
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Name : |
Rohan Rajendrakumar Kataria |
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Designation : |
Director |
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Address : |
71-B No.-10-Avlon Crust, At – Bodakdev, Ta-Dascroi, Village, Thaltej
(CT), Taluka: Dascroi, Ahmedabad – 380058, Gujarat, India |
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Date of Birth/Age : |
27.06.1977 |
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Date of Appointment : |
02.12.2002 |
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DIN No.: |
00139463
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Other Directorship :
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Name : |
Navin Hariprasad Jain |
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Designation : |
Director |
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Address : |
T-12, Shantinagar Society, Usmanpura, Ahmedabad – 380013, Gujarat,
India |
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Date of Birth/Age : |
04.03.1964 |
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Date of Appointment : |
01.10.2007 |
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DIN No.: |
00139607
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajendrakumar Kataria |
|
153960 |
|
Alka Jain |
|
110000 |
|
Rohankumar Kataria |
|
154000 |
|
Amita Kataria |
|
267633 |
|
Sarthak Jain |
|
139000 |
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Neelam Kataria |
|
155010 |
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Neha Kataria |
|
10 |
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Navin H. Jain |
|
106865 |
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Alka R. Shah |
|
10 |
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Kataria Infrastructure Private Limited |
|
150000 |
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K-log Global Private Limited |
|
11000 |
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Kataria Automobiles Limited |
|
150000 |
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Armech Chemicals Private Limited |
|
150000 |
|
Amita Kataria and Nilam Kataria |
|
30000 |
|
Induben R Shah |
|
10 |
|
Ashokkumar Dilipchand Singla |
|
1 |
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Mahavir Prasad Jain |
|
1 |
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Total |
|
1577500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
29.22 |
|
Directors or relatives of Directors |
70.76 |
|
Other top fifty shareholders |
0.02 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Dealer of Truck |
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Products : |
Not Divulged |
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Brand Names : |
Not Available |
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Agencies Held : |
Daimler |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
R.R.S. and Associates Chartered Accountant |
|
Address : |
211, Kamal Complex, Near Stadium Circle, C.G. Road, Navarangpura,
Ahmedabad – 380009, Gujarat, India |
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PAN No.: |
AAFFR0472A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises in which they are interested : |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1577500 |
Equity Shares |
Rs.10/- each |
Rs. 15.775
Million |
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|
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FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
15.775 |
15.775 |
15.775 |
|
(b) Reserves & Surplus |
(11.752) |
11.756 |
12.088 |
|
(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) |
4.023 |
27.531 |
27.863 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
233.012 |
89.253 |
1.225 |
|
(b) Deferred tax liabilities (Net) |
3.024 |
1.298 |
0.040 |
|
(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) |
236.036 |
90.551 |
1.265 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
123.337 |
119.305 |
56.053 |
|
(b) Trade
payables |
11.326 |
10.612 |
2.104 |
|
(c) Other current
liabilities |
26.781 |
36.010 |
40.816 |
|
(d) Short-term
provisions |
8.247 |
5.607 |
1.343 |
|
Total Current
Liabilities (4) |
169.691 |
171.534 |
100.316 |
|
|
|
|
|
|
TOTAL |
409.750 |
289.616 |
129.444 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
214.508 |
82.958 |
6.617 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
7.174 |
30.787 |
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 |
2.290 |
21.732 |
3.999 |
|
(e) Other Non-current
assets |
5.592 |
25.756 |
17.574 |
|
Total Non-Current
Assets |
229.564 |
161.233 |
28.190 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
116.411 |
41.443 |
42.572 |
|
(c) Trade
receivables |
7.793 |
23.497 |
7.939 |
|
(d) Cash
and cash equivalents |
2.655 |
15.443 |
14.995 |
|
(e)
Short-term loans and advances |
12.228 |
39.303 |
0.097 |
|
(f) Other
current assets |
41.099 |
8.697 |
35.651 |
|
Total
Current Assets |
180.186 |
128.383 |
101.254 |
|
|
|
|
|
|
TOTAL |
409.750 |
289.616 |
129.444 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
358.980 |
277.082 |
144.114 |
|
|
|
Other Income |
0.262 |
2.017 |
0.474 |
|
|
|
TOTAL |
359.242 |
279.099 |
144.588 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
400.867 |
227.209 |
155.458 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(78.373) |
2.923 |
(31.250) |
|
|
|
Employees benefits expense |
8.732 |
6.453 |
3.708 |
|
|
|
Other expenses |
16.392 |
14.915 |
5.195 |
|
|
|
TOTAL |
347.618 |
251.500 |
133.111 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
11.624 |
27.599 |
11.477 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
24.832 |
18.553 |
8.372 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(13.208) |
9.046 |
3.105 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.574 |
7.518 |
0.642 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(21.782) |
1.528 |
2.463 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.726 |
1.859 |
0.807 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(23.508) |
(0.331) |
1.656 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(14.9) |
(0.21) |
1.05 |
|
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 flow from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(6.55) |
(0.12) |
1.15 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.24 |
9.96 |
7.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.41) |
0.59 |
1.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(5.41) |
0.06 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
88.58 |
7.58 |
2.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
0.75 |
1.01 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
15.775 |
15.775 |
15.775 |
|
Reserves & Surplus |
12.088 |
11.756 |
(11.752) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
27.863 |
27.531 |
4.023 |
|
|
|
|
|
|
long-term borrowings |
1.225 |
89.253 |
233.012 |
|
Short term borrowings |
56.053 |
119.305 |
123.337 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
57.278 |
208.558 |
356.349 |
|
Debt/Equity
ratio |
2.056 |
7.575 |
88.578 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
144.114 |
277.082 |
358.980 |
|
|
|
92.266 |
29.557 |
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 |
144.114 |
277.082 |
358.980 |
|
Profit |
1.656 |
(0.331) |
(23.508) |
|
|
1.15% |
(0.12%) |
(6.55%) |
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 |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
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 |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
From inter corporate |
155.782 |
3.006 |
|
|
|
|
|
Total |
155.782 |
3.006 |
|
|
|
|
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10553060 |
23/12/2014 |
300,000,000.00 |
Daimler Financial Services India Private Limited |
Unit 202, 2nd Floor, Campus 3B,RMZ Millennia, Business Park, No.143, Dr. M.G.R. Road, Perungudi, Chennai, Tamil Nadu - 600096, INDIA |
C44900116 |
|
2 |
10533305 |
16/10/2014 |
100,000,000.00 |
Daimler Financial Services India Private Limited |
Unit 202, 2nd Floor, Campus 3B,RMZ Millennia, Business Park, No.143, Dr. M.G.R. Road, Perungudi, Chennai, Tamil Nadu - 600096, INDIA |
C34069203 |
|
3 |
10510273 |
20/04/2015 * |
250,000,000.00 |
Daimler Financial Services India Private Limited |
Unit 202, 2nd Floor, Campus 3B,RMZ Millennia, Business Park, No.143, Dr. M.G.R. Road, Perungudi, Chennai, Tamil Nadu - 600096, INDIA |
C53520490 |
|
4 |
10517363 |
21/11/2013 |
12,500,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
C17349440 |
|
5 |
10517358 |
21/11/2013 |
15,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
C17252446 |
|
6 |
10517362 |
21/11/2013 |
55,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
C17342213 |
|
7 |
10517364 |
21/11/2013 |
55,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
C17350307 |
|
8 |
10428479 |
09/05/2013 |
2,634,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B76003730 |
|
9 |
10428483 |
09/05/2013 |
3,251,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, Maharashtra - 400013, INDIA |
B76004894 |
|
10 |
10396001 |
21/11/2013 * |
40,000,000.00 |
KOTAK MAHINDRA PRIME LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra - 400051, INDIA |
C20083341 |
* Date of charge modification
FIXED ASSETS
- Plant and
Machinery
- Buildings
- Furniture and
Fixture
- Office
Equipments
- Computer
- Truck
Purchase
- Three Wheeler
- Demo Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 63.37 |
|
UK Pound |
1 |
Rs. 98.86 |
|
Euro |
1 |
Rs. 69.97 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
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.