MIRA INFORM REPORT
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Report No. : |
331898 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
AIRO LAM LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 355, Nananpur Road, N.H No. 8, Village Dalpur, Taluka Prantij (Himmatnagar) – 383120, Gujarat |
|
Tel. No.: |
91-2770-240572 / 73 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
22.10.2007 |
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|
|
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Com. Reg. No.: |
04-052019 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.55.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20211GJ2007PLC052019 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA07515E |
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|
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PAN No.: [Permanent Account No.] |
AAGCA6219G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of designer and decorative laminates sheets. |
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|
No. of Employees
: |
Information denied by the management |
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 Limits : |
USD 350000 |
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|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having satisfactory track. General financial position of the company seems to be fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. Subject can be considered for business dealings at usual trade terms
and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
|
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
31-03-2013.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE
CONTACT NO.: 91-2770-240572 /
73
LOCATIONS
|
Registered Office / Factory : |
Survey No. 355, Nananpur Road, N.H No. 8, Village Dalpur, Taluka Prantij (Himmatnagar) – 383120, Gujarat, India |
|
Tel. No.: |
91-2770-240572 / 73 |
|
Mobile No.: |
91-9909954408 (Mr. Paragbhai) 91-9909954414 (Mr. Bapu) |
|
Fax No.: |
91-2770-240574 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Jashubhai Amichandbhai Patel |
|
Designation : |
Additional director |
|
Address : |
5, Yogi Parivar, Kaknol Road,, Mahavirnagar, Himatnagar - 383001, Gujarat, India |
|
Date of Appointment : |
16.01.2015 |
|
DIN No.: |
00256318 |
|
|
|
|
Name : |
Pravinbhai Amichandbhai Patel |
|
Designation : |
Additional director |
|
Address : |
6, Yogi Parivar, Kaknol Road, Maharvirnagar, Himatnagar - 383001, Gujarat, India |
|
Date of Appointment : |
16.01.2015 |
|
DIN No.: |
00256357 |
|
|
|
|
Name : |
Prafulkumar Devchandbhai Patel |
|
Designation : |
Additional director |
|
Address : |
2, Yogi Parivar Bunglows, Mahakali Mandir Road, Mahavirnagar, Himatnagar - 383001, Gujarat, India |
|
Date of Birth/Age : |
15.10.1965 |
|
Date of Appointment : |
16.01.2015 |
|
DIN No.: |
00256551 |
|
|
|
|
Name : |
Pravinbhai Nathabhai Patel |
|
Designation : |
Managing directo |
|
Address : |
AT- Suryanagar Kampa, Idar, Idar - 383450, Gujarat, India |
|
Date of Birth/Age : |
01.06.1969 |
|
Date of Appointment : |
22.10.2007 |
|
DIN No.: |
01840244 |
|
|
|
|
Name : |
Babu Devjibhai Patel |
|
Designation : |
Whole-time director |
|
Address : |
At Po Nava Revas, Ta- Idar, Idar - 383430, Gujarat, India |
|
Date of Birth/Age : |
07.08.1974 |
|
Date of Appointment : |
18.06.2008 |
|
DIN No.: |
02223836 |
|
|
|
|
Name : |
Sureshbhai Hansrajbhai Patel |
|
Designation : |
Whole-time director |
|
Address : |
C/O Patel Saw Mill,, Mehtapura, Himatnagar - 383001, Gujarat, India |
|
Date of Appointment : |
18.06.2008 |
|
DIN No.: |
02223842 |
|
|
|
|
Name : |
Mahendra Nathabhai Patel |
|
Designation : |
Director |
|
Address : |
1-Radhikha Society, Gokul Nagar, Mahavirnagar, Himatnagar, Dist.-Sabarkantha, Himatnagar - 383001, Gujarat, India |
|
Date of Birth/Age : |
07.05.1972 |
|
Date of Appointment : |
18.06.2014 |
|
DIN No.: |
02982685 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
68.53 |
|
Other top fifty shareholders |
31.47 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of designer and decorative laminates sheets. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
K.K Patel and Associates Chartered Accountants |
|
Address : |
F- 63, 2nd Floor, "Akash Ganga" Complex, Near S. T. Tand, Himatnagar-383001, Gujarat, India |
|
PAN No.: |
AGPPP6687D |
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|
|
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Memberships : |
--- |
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|
|
|
Collaborators : |
--- |
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|
|
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6,000,000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,500,000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 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 |
55.000 |
55.000 |
55.000 |
|
(b) Reserves & Surplus |
67.941 |
52.988 |
37.475 |
|
(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) |
122.941 |
107.988 |
92.475 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
62.293 |
46.588 |
60.356 |
|
(b) Deferred tax liabilities (Net) |
6.781 |
5.955 |
5.531 |
|
(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) |
69.074 |
52.543 |
65.887 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
124.906 |
110.068 |
121.033 |
|
(b) Trade
payables |
154.175 |
110.836 |
85.059 |
|
(c) Other
current liabilities |
6.564 |
15.077 |
16.756 |
|
(d) Short-term
provisions |
6.500 |
5.569 |
3.140 |
|
Total Current
Liabilities (4) |
292.145 |
241.550 |
225.988 |
|
|
|
|
|
|
TOTAL |
484.160 |
402.081 |
384.350 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
124.765 |
107.633 |
112.913 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.978 |
4.959 |
4.926 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
130.743 |
112.592 |
117.839 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
177.156 |
139.297 |
148.499 |
|
(c) Trade
receivables |
166.715 |
135.324 |
101.152 |
|
(d) Cash
and cash equivalents |
1.550 |
2.569 |
2.300 |
|
(e)
Short-term loans and advances |
7.996 |
12.299 |
14.560 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
353.417 |
289.489 |
266.511 |
|
|
|
|
|
|
TOTAL |
484.160 |
402.081 |
384.350 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
744.773 |
643.477 |
497.597 |
|
|
|
Other Income |
2.407 |
0.129 |
1.740 |
|
|
|
TOTAL |
747.180 |
643.606 |
499.337 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
670.650 |
525.725 |
388.540 |
|
|
|
Purchases of Stock-in-Trade |
4.000 |
3.123 |
4.942 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(37.859) |
8.721 |
6.045 |
|
|
|
Employees benefits expense |
23.688 |
22.793 |
23.093 |
|
|
|
Other expenses |
30.519 |
22.567 |
25.086 |
|
|
|
TOTAL |
690.998 |
582.929 |
447.706 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
56.182 |
60.677 |
51.631 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
18.532 |
24.250 |
25.570 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
37.650 |
36.427 |
26.061 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
15.505 |
15.453 |
13.421 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
22.145 |
20.974 |
12.640 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.325 |
5.925 |
4.845 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
14.820 |
15.049 |
7.795 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.69 |
2.74 |
1.42 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
5.004 |
12.150 |
16.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
17.928 |
58.945 |
47.838 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.99 |
2.34 |
1.57 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.54 |
9.43 |
10.38 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.57 |
5.22 |
3.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.19 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.56 |
1.56 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
1.20 |
1.18 |
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 |
55.000 |
55.000 |
55.000 |
|
Reserves & Surplus |
37.475 |
52.988 |
67.941 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
92.475 |
107.988 |
122.941 |
|
|
|
|
|
|
long-term borrowings |
60.356 |
46.588 |
62.293 |
|
Short term borrowings |
121.033 |
110.068 |
124.906 |
|
Current Maturities of
Long Term Debt |
16.000 |
12.150 |
5.004 |
|
Total borrowings |
197.389 |
168.806 |
192.203 |
|
Debt/Equity ratio |
2.135 |
1.563 |
1.563 |
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 |
497.597 |
643.477 |
744.773 |
|
|
|
29.317 |
15.742 |
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 |
497.597 |
643.477 |
744.773 |
|
Profit |
7.795 |
15.049 |
14.820 |
|
|
1.57% |
2.34% |
1.99% |
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 |
Yes |
|
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 |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
10.127 |
7.101 |
|
Loans and advances from others |
40.884 |
39.487 |
|
Total |
51.011 |
46.588 |
OPERATION
The Directors are pleased to inform you that during the financial year the Company has achieved turnover of Rs. 744.773 Million as against Rs. 643.477 Million during the previous year. During the year the Company has earned Net Profit of Rs. 14.820 Million as against Rs. 15.049 Million during the previous year. Barring unforeseen circumstances, the Directors are hopeful to get better performance in the current year.
VIEW INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10524787 |
25/08/2014 |
238,500,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR |
C28549715 |
|
2 |
10525958 |
25/08/2014 |
238,500,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDR |
C29711553 |
|
3 |
10203981 |
18/11/2013 * |
185,700,000.00 |
STATE BANK OF INDIA |
1ST FLOOR, NEPTUNE TOWER ANNEXE, OFF.NEHRU BRIDGE, |
B92821214 |
|
4 |
10093830 |
18/11/2013 * |
185,700,000.00 |
STATE BANK OF INDIA |
1ST FLOOR, NEPTUNE TOWER ANNEXE, OFF.NEHRU BRIDGE, |
B92823343 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--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.