MIRA INFORM REPORT
|
Report No. : |
331428 |
|
Report Date : |
13.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARDOR INTERNTIONAL PRIVATE LIMITED |
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|
|
|
Registered
Office : |
‘Ardor House’ Mondeal Business Park, Beside Gurudwara, S.G. Road,
Thaltej, Ahmedabad – 380059, Gujarat |
|
Tel. No.: |
91-79-66219999/26584511/26584514 |
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|
|
|
Country : |
India |
|
|
|
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Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
18.02.2003 |
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|
|
|
Com. Reg. No.: |
04-042016 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.1950.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909GJ2003PTC042016 |
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|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AAECA1210B |
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|
Legal Form : |
Private limited liability company. |
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Line of Business
: |
Trader and importer of chemicals. |
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No. of Employees
: |
42 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
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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Litigation : |
Clear |
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Comments : |
Subject was established in the 2003 and it is an importer and trader of chemicals. It is a company having satisfactory track record. For the financial year ended 2014, company reported healthy operational performance and it has achieved decent sales turnover along with sound profitability margins during a year under a review. Rating also takes into consideration established market position of the company in trading chemicals supported by adequate capital base and sound financial risk profile of the company. Trade relations are reported as fair. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
July 08, 2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A3+ |
|
Rating Explanation |
Moderate degree of safety and high credit risk. |
|
Date |
July 08, 2014 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Yogesh Shah |
|
Designation : |
Finance Department |
|
Contact No.: |
91-79-66219999 |
|
Date : |
09.07.2015 |
LOCATIONS
|
Registered Office : |
'Ardor House' Mondeal Business Park, Beside Gurudwara, S G Road, Thaltej, Ahmedabad – 380059, Gujarat, India |
|
Tel. No.: |
91-79-66219999/26584511/26584514 |
|
Fax No.: |
91-79-66219988/26584515 |
|
E-Mail : |
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|
Website : |
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|
|
Branches : |
Located At: · Mumbai · Indore · Kanpur · Gandhidham |
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|
|
|
Godown : |
Aslali, Ahmedabad, India |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Bharat shah |
|
Designation : |
Director |
|
Date of Birth/age : |
66 Years |
|
Date of Appointment : |
01.03.2010 |
|
DIN No.: |
02438343 |
|
|
|
|
Name : |
Mr. Fenil Shah |
|
Designation : |
Managing Director |
|
Date of Birth/age : |
38 Years |
|
Date of Appointment : |
18.02.2003 |
|
DIN No.: |
00044522 |
|
|
|
|
Name : |
Mrs. Gita B. Shah |
|
Designation : |
Director |
|
Date of Birth/age : |
68 Years |
|
Date of Appointment : |
18.02.2003 |
|
DIN No.: |
00049071 |
KEY EXECUTIVES
|
Name : |
Mr. Yogesh Shah |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
No. of Shares |
|
Fenil Shah |
131675000 |
|
Gitaben Shah |
131675000 |
|
Janki Shah |
131675000 |
|
Smita Rakesh Bhatt |
1715000 |
|
Shilpa R Shah |
1715000 |
|
Hasmukh Thakor |
842500 |
|
Umang S Patel |
842500 |
|
Navin D Thakor |
842500 |
|
Nilesh A Solanki |
842500 |
|
Nipesh R Shah |
1067500 |
|
Kamini Soni |
1715000 |
|
Amitaben A Shah |
1225000 |
|
Shaileshkumar R Shah |
625000 |
|
Shaileshkumar R Shah HUF |
625000 |
|
Arunkumar R Shah HUF |
1135000 |
|
Ruchit Arunkumar Shah |
1135000 |
|
Nayanaben Arunkumar Shah |
1110000 |
|
Milanbhai B Mehta HUF |
1166250 |
|
Shrikesh Mehta HUF |
1166250 |
|
Nitaben M Mehta |
1166250 |
|
Malvikaben S Mehta |
1166250 |
|
Vasumati N Mehta |
1772500 |
|
Bharat Shah |
131675000 |
|
Jinal Shah |
131675000 |
|
Nayankumar Mehta |
6000000 |
|
Ardor In-fin Private Limited |
131675000 |
|
Ardor Structures Private Limited |
131675000 |
|
Greenland Infracon Private Limited |
131675000 |
|
Infinium Det Chem Private Limited |
130300000 |
|
Jayco Synthetics Private Limited |
130300000 |
|
Ardor Global Private Limited |
108125000 |
|
Total |
1450000000 |
AS ON 27.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
52.67 |
|
Directors or relatives of Directors |
47.33 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and importer of chemicals. |
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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 Divulged |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
42 (Approximately) |
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Bankers : |
Axis Bank Limited, Opposite Samartheshwar Temple, Law Garden, Ellisebridge, Ahmedabad - 380009, Gujarat, India Central Bank of India, Mid Corporate Central Bank Building, Lal Darwaja, Ahmedabad - 380001, Gujarat, India State Bank of India, Overseas Branch,3rd Floor, Amrut Jayanti Bhavan,, Navjeevan Trust Sankul, Ahmedabad - 380014, Gujarat, India Punjab National Bank, Shastri Park Nehrunagar, Ahmedabad - 380015, Gujarat, India Union Bank of India, C.U.Shah Chambers, Ashram Road, Ahmedabad - 380014, Gujarat, India |
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Facilities : |
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Financial Institution : |
Pnb Investment Service Limited - Sec Trustee Of BOI Consortium BOI - SBI - AXIS - PNB - CBI – RNSB Motor Sales & Services Building, Ashram Road, Ahmedabad - 380009, Gujarat, India |
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|
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|
Auditors : |
|
|
Name : |
Vipul and Manish Associate Chartered Accountants |
|
Address : |
True Value House, Opposite ISRO, Near Sundarvan Bus Stop, Satellite,
Ahmedabad – 380 015, |
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PAN No.: |
AACFV2807J |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates: |
CIN
No. : U24100GJ2009PTC057712
CIN
No. : U24100GJ2011PTC064235
CIN
No. : U24241GJ2003PTC042771 |
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|
|
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Subsidiary : |
Ardor International Pte Limited |
CAPITAL STRUCTURE
AS ON 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000000 |
Equity Shares |
Rs.10/- each |
Rs.2000.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
145000000 |
Equity Shares |
Rs.10/- each
|
Rs.1450.000
Million |
AS ON 31.03.2014
Authorised Capital : Equity Shares Rs.2000.000 Million
Issued, Subscribed & Paid-up Capital : Equity Shares
Rs.1950.000 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 |
1950.000 |
1450.000 |
1050.000 |
|
(b) Reserves & Surplus |
969.597 |
637.068 |
376.310 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
500.000 |
200.000 |
|
Total
Shareholders’ Funds (1) + (2) |
2919.597 |
2587.068 |
1626.310 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
812.749 |
804.653 |
603.330 |
|
(b) Deferred tax liabilities (Net) |
20.698 |
9.343 |
1.687 |
|
(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) |
833.447 |
813.996 |
605.017 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
3633.764 |
2484.508 |
846.702 |
|
(b) Trade
payables |
2251.553 |
2544.137 |
1844.574 |
|
(c) Other
current liabilities |
65.201 |
73.194 |
90.441 |
|
(d) Short-term
provisions |
110.310 |
72.052 |
27.882 |
|
Total Current
Liabilities (4) |
6060.828 |
5173.891 |
2809.599 |
|
|
|
|
|
|
TOTAL |
9813.872 |
8574.955 |
5040.926 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
696.791 |
696.795 |
10.100 |
|
(ii)
Intangible Assets |
4.473 |
2.895 |
0.182 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
263.584 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.949 |
2.500 |
2.500 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8.035 |
1.888 |
0.239 |
|
(e) Other Non-current
assets |
5.210 |
6.010 |
4.370 |
|
Total Non-Current
Assets |
717.458 |
710.088 |
280.975 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
356.588 |
1536.226 |
807.925 |
|
(c) Trade
receivables |
8364.247 |
5965.346 |
2910.986 |
|
(d) Cash
and cash equivalents |
277.326 |
266.776 |
963.341 |
|
(e)
Short-term loans and advances |
98.253 |
96.519 |
77.699 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
9096.414 |
7864.867 |
4759.951 |
|
|
|
|
|
|
TOTAL |
9813.872 |
8574.955 |
5040.926 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
10957.846 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
28679.867 |
19892.834 |
10957.846 |
|
|
|
|
|
|
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|
|
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
28148.215 |
19492.843 |
10743.048 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
531.652 |
399.990 |
214.798 |
|
|
|
|
|
|
|
|
|
|
TAX |
199.123 |
139.232 |
72.094 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
332.529 |
260.758 |
142.704 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.71 |
1.80 |
N.A |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
27.504 |
32.839 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(525.488) |
(2430.349) |
72.740 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/ Total Income) |
(%) |
1.16 |
1.31 |
1.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.42 |
4.67 |
4.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.15 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.52 |
1.28 |
0.91 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50 |
1.52 |
1.69 |
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 |
1050.000 |
1450.000 |
1950.000 |
|
Reserves & Surplus |
376.310 |
637.068 |
969.597 |
|
Share Application money
pending allotment |
200.000 |
500.000 |
0.000 |
|
Net worth |
1626.310 |
2587.068 |
2919.597 |
|
|
|
|
|
|
long-term borrowings |
603.330 |
804.653 |
812.749 |
|
Short term borrowings |
846.702 |
2484.508 |
3633.764 |
|
Current Maturities of
Long Term Debt |
32.839 |
27.504 |
0.000 |
|
Total borrowings |
1482.871 |
3316.665 |
4446.513 |
|
Debt/Equity ratio |
0.912 |
1.282 |
1.523 |
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 |
10957.846 |
19892.834 |
28679.867 |
|
|
|
81.540 |
44.172 |
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 |
10957.846 |
19892.834 |
28679.867 |
|
Profit |
142.704 |
260.758 |
332.529 |
|
|
1.30% |
1.31% |
1.16% |
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) |
Yes |
|
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 |
Yes |
|
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 |
NOTE
The Registered office has again shifted from
D, E and F, Mondeal Business Park, Beside Gurudwara, S.G. Highway Road,
Thaltej, Ahmedabad – 380054, Gujarat, India to the present address w.e.f.
25.03.2013.
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Deposits from shareholders |
812.749 |
0.000 |
|
Loans and advances from related parties |
0.000 |
650.672 |
|
|
|
|
|
Total |
812.749 |
650.672 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10570736 |
05/05/2015 |
500,000,000.00 |
BANK OF INDIA |
AHMEDABAD LARGE CORPORATE BRANCH, 2ND FLOOR BANK |
C54299474 |
|
2 |
10462635 |
29/11/2013 |
100,000,000.00 |
BANK OF INDIA |
AHMEDABAD LARGE CORPORATE BRANCH, 2ND FLOOR, BOI |
B90517772 |
|
3 |
10421955 |
28/03/2013 |
674,000,000.00 |
STATE BANK OF INDIA |
OVERSEAS BRANCH,3RD FLOOR, AMRUT JAYANTI BHAVAN,, |
B73792830 |
|
4 |
10269021 |
09/01/2015 * |
5,822,500,000.00 |
PNB INVESTMENT SERVICE LTD - SEC TRUSTEE OF BOI CO |
C / O PUNJAB NATIONAL BANK CIRCLE OFFICE 6TH FLOOR |
C42084079 |
|
5 |
90107105 |
09/01/2015 * |
5,822,500,000.00 |
PNB INVESTMENT SERVICE LTD - SEC TRUSTEE OF BOI CO |
C / O PUNJAB NATIONAL BANK CIRCLE OFFICE 6TH FLOOR |
C42083287 |
* Date of charge modification
OPERATIONS
The directors have immense pleasure to inform that the company has achieved turnover of Rs. 28670.000 Million during the year which includes other income of Rs. 31.800 Million and earned net profit after tax of Rs.330.000 Million. The company is confident to achieve higher sales in the coming years.
SHARE CAPITAL OF THE
COMPANY
During the year, Company has issued and allotted 5,00,00,000 Equity Shares of Rs. 10/- each at par consequent to which Paid up Capital of the Company stands at Rs. 1950.000 Million.
FIXED ASSETS
TANGIBLE ASSETS
- Land
- Buildings
- Office building
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
INTANGIBLE ASSETS
- Computer software
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.63.38 |
|
|
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
50 |
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.