MIRA INFORM REPORT
|
Report No. : |
332555 |
|
Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ATTERO RECYCLING PRIVATE LIMITED. |
|
|
|
|
Registered Office
: |
26 - B, Neshvilla Road, Dehradun – 248001, Uttarakhand |
|
Tel. No.: |
91-120-4087100 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.02.2008 |
|
|
|
|
Com. Reg. No.: |
032573 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.306.251 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28931UR2008PTC032573 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA8859A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of processing all kinds and forms of electronic waste and acquiring, developing or adopting technology for recycling such waste. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 820000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Management of the company has failed to file its financials to the
government department for the year 2014. As per available financials of 2013, the company has managed to earn
some profit over previous year loss. However, the company has reported some
accumulated losses. Overall fionancial condition of the company is improving.
Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company 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 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
20.03.2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) 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.:
91-120-4087100
LOCATIONS
|
Registered Office / Recycling
office : |
26 - B, Neshvilla Road, Dehradun – 248001, Uttarakhand, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
H-59, Sector 63, Noida - 201301, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4087100 |
|
Fax No.: |
91-120-4087101 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Rohan Gupta |
|
Designation : |
Director |
|
Address : |
957, 5th A Main, 1st Block, Koramangla, Banglore - 560034, Karnataka, India |
|
Date of Birth/Age : |
14.12.1979 |
|
Date of Appointment : |
27.02.2008 |
|
DIN No.: |
00152245 |
|
|
|
|
Name : |
Samir Purushottam Inamdar |
|
Designation : |
Nominee director |
|
Address : |
G-19, Epsilon, Yemlur Main Road, Bangalore - 560037, Karnataka, India |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
00481968 |
|
|
|
|
Name : |
Sameet Shailesh Mehta |
|
Designation : |
Nominee director |
|
Address : |
401 EI Cerrito Avenue, Hillsborough California, Hillsborough, 94010, United States of America |
|
Date of Birth/Age : |
12.02.1975 |
|
Date of Appointment : |
21.06.2010 |
|
DIN No.: |
01283274 |
|
|
|
|
Name : |
Nitin Gupta |
|
Designation : |
Managing director |
|
Address : |
26- B, Neshvilla Raod, Dehradun - 248001, Uttar Pradesh, India |
|
Date of Birth/Age : |
05.05.1977 |
|
Date of Appointment : |
27.02.2008 |
|
DIN No.: |
01354513 |
|
|
|
|
Name : |
Mohanjit Singh Jolly |
|
Designation : |
Nominee director |
|
Address : |
Villa 100A, Sobha Malachite, Jakkur Plantation, Yelahanka Hobili, Bangalore - 560064, Karnataka, India |
|
Date of Birth/Age : |
12.11.1969 |
|
Date of Appointment : |
25.05.2008 |
|
DIN No.: |
01816801 |
|
|
|
|
Name : |
Kumar Shiralagi |
|
Designation : |
Nominee director |
|
Address : |
Villa -93, Adarsh Palm Retreat, Dev Arabisana Halli, Marathahalli Outer Ring Road, Banglore - 560103, Karnataka, India |
|
Date of Birth/Age : |
15.05.1962 |
|
Date of Appointment : |
08.06.2008 |
|
DIN No.: |
01873430 |
KEY EXECUTIVES
|
Name : |
Neha Batra |
|
Designation : |
Secretary |
|
Address : |
1138, Sector 117, Faridabad - 121007, Haryana, India |
|
PAN No.: |
AMRPB8226C |
|
Date of Appointment : |
16.01.2014 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders (Equity Share) |
|
No. of Shares |
|
Rohan Gupta |
|
240000 |
|
Nitin Gupta |
|
440000 |
|
Saurabh Gupta |
|
120000 |
|
International Finance Corporation, Wasignton |
|
4 |
|
NEA –Indo US Venture Capital LLC, Mauritius |
|
100 |
|
DFJ Mauritius Inc, Mauritius |
|
100 |
|
|
|
|
|
Total |
|
800204 |
|
Names of Shareholders (Prefernce Share) |
|
No. of Shares |
|
NEA –Indo US Venture Capital LLC, Mauritius |
|
1665588 |
|
DFJ Mauritius Inc, Mauritius |
|
1172920 |
|
Nitin Gupta |
|
34185 |
|
Rohan Gupta |
|
18646 |
|
GHIOF Inc, Mauritius |
|
422535 |
|
|
|
|
|
Total |
|
3313874 |
AS ON 10.09.2014
|
Names of Shareholders (Prefernce Share) |
|
No. of Shares |
|
GHIOF Inc, Mauritius |
|
49371 |
|
Total |
|
49371 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
99.97 |
|
Directors or relatives of Directors |
0.03 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of processing all kinds and forms of electronic waste and acquiring, developing or adopting technology for recycling such waste. |
|
|
|
|
Products / Services: |
all kinds and forms of electronic waste and acquiring,
developing or adopting technology for recycling |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
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 : |
|
|
Name : |
B S S R and Company Chartered Accountants |
|
Address : |
Buiding No. 10, 8th Floor, Tower- B, Dlf City Phase II, Gurgaon - 122002, Haryana, India |
|
PAN No.: |
AAKFB4430H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
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|
Related parties
having substantial interest: |
|
CAPITAL STRUCTURE
AFTER 30.09.2013
Authorised Capital :
Rs.391.750 Million
Issued, Subscribed & Paid-up Capital : Rs.384.553 Million
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,453,159 |
Equity Shares |
Rs.10/- each |
Rs.14.532 Million |
|
3,374,649 |
Preference Shares |
Rs.90/- each |
Rs.298.918 Million |
|
|
Total |
|
Rs.313.450 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800,204 |
Equity Shares |
Rs.10/- each |
Rs.8.002 Million |
|
3,313,874 |
Preference Shares |
Rs.90/- each |
Rs.298.249 Million |
|
|
Total |
|
Rs.306.251 Million |
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 |
306.251 |
306.251 |
306.251 |
|
(b) Reserves & Surplus |
(18.201) |
(26.967) |
(19.772) |
|
(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) |
288.050 |
279.284 |
286.479 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
187.728 |
187.728 |
90.569 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.480 |
0.317 |
0.000 |
|
(d) long-term provisions |
2.811 |
1.705 |
1.420 |
|
Total Non-current
Liabilities (3) |
193.019 |
189.750 |
91.989 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
135.367 |
9.000 |
4.500 |
|
(b) Trade payables |
22.916 |
15.613 |
13.572 |
|
(c) Other current
liabilities |
24.558 |
11.380 |
10.184 |
|
(d) Short-term provisions |
0.077 |
0.030 |
0.023 |
|
Total Current Liabilities
(4) |
182.918 |
36.023 |
28.279 |
|
|
|
|
|
|
TOTAL |
663.987 |
505.057 |
406.747 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
156.228 |
150.463 |
157.470 |
|
(ii) Intangible Assets |
0.049 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.965 |
1.565 |
2.321 |
|
(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 |
8.588 |
5.175 |
4.288 |
|
(e) Other Non-current
assets |
10.145 |
10.025 |
0.025 |
|
Total Non-Current Assets |
175.975 |
167.228 |
164.104 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
143.676 |
82.520 |
64.381 |
|
(c) Trade receivables |
151.670 |
84.027 |
35.533 |
|
(d) Cash and cash
equivalents |
128.443 |
129.133 |
100.049 |
|
(e) Short-term loans and
advances |
63.064 |
41.674 |
41.416 |
|
(f) Other current assets |
1.159 |
0.475 |
1.264 |
|
Total Current Assets |
488.012 |
337.829 |
242.643 |
|
|
|
|
|
|
TOTAL |
663.987 |
505.057 |
406.747 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
Turnover / Other
Income |
665.797 |
409.399 |
204.297 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
637.778 |
397.119 |
207.656 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
28.019 |
12.280 |
(3.359) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
19.253 |
19.475 |
20.685 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
8.766 |
(7.195) |
(24.044) |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
8.766 |
(7.195) |
(24.044) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
Sale of services |
5.418 |
NA |
NA |
|
|
TOTAL EARNINGS |
5.418 |
NA |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
5.743 |
NA |
1.071 |
|
|
TOTAL IMPORTS |
5.743 |
NA |
1.071 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
|
|
Basic |
10.95 |
( 1.75) |
(32.89) |
|
|
|
Diluted |
1.04 |
( 1.75) |
(32.89) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(91.453) |
(45.476) |
(95.856) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.32 |
(1.76) |
(11.77) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.32 |
(1.43) |
(5.95) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
(0.03) |
(0.08) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.12 |
0.70 |
0.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.67 |
9.38 |
8.58 |
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 |
306.251 |
306.251 |
306.251 |
|
Reserves & Surplus |
(19.772) |
(26.967) |
(18.201) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
286.479 |
279.284 |
288.050 |
|
|
|
|
|
|
long-term borrowings |
90.569 |
187.728 |
187.728 |
|
Short term borrowings |
4.500 |
9.000 |
135.367 |
|
Total borrowings |
95.069 |
196.728 |
323.095 |
|
Debt/Equity ratio |
0.332 |
0.704 |
1.122 |
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) |
|
Turnover / Other Income |
204.297 |
409.399 |
665.797 |
|
|
|
100.394 |
62.628 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover / Other Income |
204.297 |
409.399 |
665.797 |
|
Profit/Loss |
(24.044) |
(7.195) |
8.766 |
|
|
(11.77%) |
(1.76%) |
1.32% |
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 |
Yes |
|
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 |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Fully convertible debentures banks |
187.728 |
187.728 |
|
|
|
|
|
Total |
187.728 |
187.728 |
BACKGROUND
The company was incorporated on 27 February 2008 and is engaged in the business of processing all kinds and forms of electronic waste and acquiring, developing or adopting technology for recycling such waste.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10149075 |
14/06/2013 * |
130,000,000.00 |
ORIENTAL BANK OF COMMERCE LIMITED |
DELHI, INDIA, DELHI, DELHI - 110001, INDIA |
B81459364 |
* Date of charge modification
FIXED ASSETS
- Factory building
- Plant and machinery
- Office equipment
- Furniture and fittings
- Computers
- Vehicle
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.63.49 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
28 |
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.