MIRA INFORM REPORT
|
Report No. : |
330903 |
|
Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SPECIAL TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-657, New Friends Colony, New Delhi - 110025 |
|
Tel. No.: |
91-120-2897522 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.01.1984 |
|
|
|
|
Com. Reg. No.: |
55-017460 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.523 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1984PTC017460 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
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 of Compressor Condensors, Radiators Parts, etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 230000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1984. It
has a satisfactory track record. The company possesses healthy business activity. It has achieved a sound
profitability margin however; there is a slight decline in its sales volume
during the year 2014. Rating reflects comfortable financial risk profile marked by good
networth of the company along with long history of business operations. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. In view of aforesaid, 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 – 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Sachin |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-120-2897522 |
|
Date : |
08.07.2015 |
LOCATIONS
|
Registered Office : |
C-657, New Friends Colony, New Delhi – 110025, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
41/20-21-22, Site-IV Industrial Area, Sahibabad, Ghaziabad – 201010,
Uttar Pradesh, India |
|
Tel. No.: |
91-120-2897522 |
|
|
|
|
Factory 2 : |
Gat No. 148 and 152, Sanswadi, Tal. Shirur, Pune – 412208, Maharashtra,
India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Gagandeep Gandhi |
|
Designation : |
Director |
|
Address : |
R-2/221, Raj Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
|
Date of Birth/Age : |
24.03.1974 |
|
Date of Appointment : |
10.11.1993 |
|
DIN No.: |
01370511 |
|
|
|
|
Name : |
Jasmine Gandhi |
|
Designation : |
Director |
|
Address : |
111-D8, Nehru Nagar, Ghaziabad – 201002, Uttar Pradesh, India |
|
Date of Appointment : |
16.03.1992 |
|
DIN No.: |
02979634 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Gagan Deep Gandhi |
|
45570 |
|
Jasmine Gandhi |
|
12645 |
|
Parmjit Gandhi |
|
2650 |
|
Swarn Gandhi |
|
2820 |
|
Kulpreet Gandhi |
|
1500 |
|
Ranjana Chopra |
|
10 |
|
Yogesh Chopra |
|
10 |
|
Priyanka Gupta |
|
10 |
|
Devinder Kaur |
|
10 |
|
|
|
|
|
Total |
|
65225 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
Holding |
|
Directors or relatives of Directors |
95.88 |
|
Others |
4.12 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Compressor Condensors, Radiators Parts, etc. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Customers : |
· Caparo Industries · Subros Limited · BOSCH · TATA |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Bankers : |
·
Oriental Bank of Commerce SSI Branch Site-IV Industrial Area, Sahibabad,
Ghaziabad - 201001, Uttar Pradesh, India ·
HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel
[West], Mumbai - 400013, Maharashtra, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Sandeep Rajendra Goel and Company Chartered Accountants |
|
Address : |
SF-14, New Central Market, Old Bus Stand, Ghaziabad – 201001, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-4106447 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFN5674J |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
· Progressive Tools and Components Private Limited · Progressive Stamping Private Limited · Precision Tools and Components · PTC Engineering (India) Private Limited · Surbhi Advertisement Private Limited · Shrida Industries Private Limited · Gagandeep Gandhi and Sons · M.S. Gandhi and Sons |
|
|
|
|
Subsidiaries : |
· Surbhaee Advertising Private Limited [U74300WB1997PTC137270] · Manomay Impex Private Limited [U74120DL2007PTC166962] · Shrida Industries Private Limited [U17200DL2012PTC239126] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75,000 |
Equity Shares |
Rs.100/- each |
Rs. 7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65,225 |
Equity Shares |
Rs.100/- each |
Rs. 6.523 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
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 |
6.523 |
6.523 |
6.460 |
|
(b) Reserves & Surplus |
74.728 |
32.994 |
29.983 |
|
(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) |
81.251 |
39.517 |
36.443 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
216.878 |
48.505 |
33.334 |
|
(b) Deferred tax liabilities (Net) |
8.062 |
7.913 |
7.323 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
2.509 |
0.709 |
0.654 |
|
Total
Non-current Liabilities (3) |
227.449 |
57.127 |
41.311 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
24.805 |
27.180 |
22.776 |
|
(b)
Trade payables |
28.171 |
38.301 |
53.223 |
|
(c)
Other current liabilities |
29.069 |
21.071 |
11.609 |
|
(d)
Short-term provisions |
16.461 |
5.960 |
6.243 |
|
Total
Current Liabilities (4) |
98.506 |
92.512 |
93.851 |
|
|
|
|
|
|
TOTAL |
407.206 |
189.156 |
171.605 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
95.377 |
116.535 |
96.788 |
|
(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 |
34.840 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
139.201 |
1.111 |
0.621 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
269.418 |
117.646 |
97.409 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
21.608 |
25.676 |
30.685 |
|
(c)
Trade receivables |
31.426 |
36.949 |
36.650 |
|
(d)
Cash and cash equivalents |
2.282 |
3.943 |
0.699 |
|
(e)
Short-term loans and advances |
82.472 |
4.942 |
6.162 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
137.788 |
71.510 |
74.196 |
|
|
|
|
|
|
TOTAL |
407.206 |
189.156 |
171.605 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
189.301 |
204.682 |
207.448 |
|
|
|
Other Income |
68.622 |
1.269 |
0.657 |
|
|
|
TOTAL (A) |
257.923 |
205.951 |
208.105 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
118.954 |
122.130 |
130.858 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.957 |
3.082 |
-4.922 |
|
|
|
Employees benefits expense |
33.471 |
32.158 |
31.227 |
|
|
|
Other expenses |
32.368 |
32.559 |
33.813 |
|
|
|
Exceptional Items |
(0.077) |
(0.673) |
0.076 |
|
|
|
Extraordinary Items |
0.035 |
0.519 |
0.000 |
|
|
|
TOTAL (B) |
185.708 |
189.775 |
191.052 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
72.215 |
16.176 |
17.053 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.635 |
7.725 |
7.850 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
54.580 |
8.451 |
9.203 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.508 |
4.729 |
4.168 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
50.072 |
3.722 |
5.035 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.338 |
1.390 |
1.689 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
41.734 |
2.332 |
3.346 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
639.84 |
35.76 |
66.93 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
15.726 |
11.602 |
8.091 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin
(PAT / Sales) |
(%) |
22.05 |
1.14 |
1.61 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
38.15 |
7.90 |
8.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.45 |
1.97 |
2.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.62 |
0.09 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.17 |
2.21 |
1.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
0.77 |
0.79 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
6.460 |
6.523 |
6.523 |
|
Reserves & Surplus |
29.983 |
32.994 |
74.728 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
36.443 |
39.517 |
81.251 |
|
|
|
|
|
|
Long-term borrowings |
33.334 |
48.505 |
216.878 |
|
Short term borrowings |
22.776 |
27.180 |
24.805 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
8.091 |
11.602 |
15.726 |
|
Total
borrowings |
64.201 |
87.287 |
257.409 |
|
Debt/Equity ratio |
1.762 |
2.209 |
3.168 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
207.448 |
204.682 |
189.301 |
|
|
|
-1.333 |
-7.515 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
207.448 |
204.682 |
189.301 |
|
Profit |
3.346 |
2.332 |
41.734 |
|
|
1.61% |
1.14% |
22.05% |
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 |
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) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF
CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10453028 |
07/01/2014 * |
61,308,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE,
SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B93601946 |
|
2 |
10208448 |
24/02/2010 |
650,000.00 |
ORIENTAL BANK OF
COMMERCE SSI |
BRANCH SITE-IV,
INDUSTRIAL AREA, SAHIBABAD, GHAZIABAD, UTTAR PRADESH - 201001, INDIA |
A81372328 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and Advances from related parties |
20.554 |
29.506 |
|
Other Loans and Advances |
2.707 |
1.174 |
|
|
|
|
|
Total |
23.261 |
30.680 |
CHANGE OF ADDRESS:
The Registered Office of the company has been shifted from B-12, Top Floor, Kalindi, New Delhi, India to the present address w.e.f.24.12.2008.
OPERATION
There has been continuously increase in the operations of the Company. Net profit of the Company before taxation has reduced on account of decline in revenue recorded during the period in comparison to the previous year. The directors hope better results during ensuing years.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
|
|
|
|
Claim against company not acknowledge as
debt |
0.449 |
0.000 |
FIXED ASSETS
· Land
· Furniture
· Vehicle
· Plant and Machineries
· Office Equipments
· Computers
· Other Equipments
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 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. 63.51 |
|
UK Pound |
1 |
Rs. 97.85 |
|
Euro |
1 |
Rs. 70.50 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
44 |
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.