MIRA INFORM REPORT
|
Report No. : |
328838 |
|
Report Date : |
23.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHUBB ALBA CONTROL SYSTEMS LIMITED (w.e.f. 11.04.2008) |
|
|
|
|
Formerly Known
As : |
ALBA CONTROL SYSTEMS LIMITED |
|
|
|
|
Registered
Office : |
DLF Center, 2nd Floor, Sansad Marg, New Delhi – 110001 |
|
Tel. No.: |
91-11-40881000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.11.1989 |
|
|
|
|
Com. Reg. No.: |
55-038375 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
u31909dl1989plc038375 |
|
|
|
|
IEC No.: |
0589038044 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
dela12469c |
|
|
|
|
PAN No.: [Permanent Account No.] |
aaaca0031c |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Supplier and system integrator of Electronic Security Solutions. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
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 : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company has progressed well, it has achieved a fair profitability
during FY 2014. General financial position of the company is normal and
acceptable for business dealings. Trade relations are reported as fair. Business is active. Payment
terms are reported to be usually correct. 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 PARTED BY
|
Name : |
Mr. Ajit |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-80-43442006 |
|
Date : |
22.06.2015 |
LOCATIONS
|
Registered Office : |
DLF Center, 2nd Floor, Sansad Marg, New Delhi – 110001,
India |
|
Tel. No.: |
91-11-40881000 / 91-80-43442006 |
|
Fax No.: |
91-11-40881088 |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
C301-30 Twin Arcade Military Road, Marol, Mumbai – 400059,
Maharashtra, India |
|
|
|
|
Branch Office 2 : |
Prestige Blue Chip, Block III, 3rd Floor, # 9 Marigowda
Road, Hosur Road, Bangalore – 560029, Karnataka, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Rajeev Bajaj |
|
Designation : |
Managing Director |
|
Address : |
D-3/11, Dlf Phase-I, Gurgaon - 122002, Haryana, India |
|
Date of Appointment : |
16.11.1989 |
|
DIN No.: |
01155606 |
|
|
|
|
Name : |
Mr. Sanjeev Bajaj |
|
Designation : |
Director |
|
Address : |
D-3/11, Dlf City, Phase I, Gurgaon - 122002, Haryana, India |
|
Date of Appointment : |
16.11.1989 |
|
DIN No.: |
00051587 |
|
|
|
|
Name : |
Mr. Joy Prakash Gupta |
|
Designation : |
Director |
|
Address : |
Regency Gardens, Rose-201, Plot No. 10, Sector-6, Kharghar,, Navi
Mumbai - 410210, Maharashtra, India |
|
Date of Appointment : |
29.06.2012 |
|
DIN No.: |
02955845 |
|
|
|
|
Name : |
Mr. Mitesh Mittal |
|
Designation : |
Director |
|
Address : |
2, Canal Colony, Bhiwani - 125021, Haryana, India |
|
Date of Appointment : |
27.03.2012 |
|
DIN No.: |
05231968 |
|
|
|
|
Name : |
Mr. Rajesh Nivrutti Kalyankar |
|
Designation : |
Director |
|
Address : |
Plot No. 30 B, KTT Society, Wanwadi, Pune - 411040, Maharashtra, India |
|
Date of Appointment : |
10.08.2012 |
|
DIN No.: |
05344894 |
KEY EXECUTIVES
|
Name : |
Mr. Ajit |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rajeev Bajaj |
|
86950 |
|
Sanjeev Bajaj |
|
29000 |
|
Rajeev Bajaj and Urmil Bajaj |
|
50 |
|
United technologies
Inter – National Corporation Asia
Private Limited |
|
173996 |
|
Joy Prakash Gupta |
|
1 |
|
Mitesh Mittal |
|
1 |
|
Sanjay Sudhakaran |
|
2 |
|
|
|
|
|
Total |
|
290000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
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] |
60.00 |
|
Directors or relatives of Directors |
40.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Supplier and system integrator of Electronic Security Solutions. |
|
|
|
|
Products : |
Electronic Security Solutions |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
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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||||||||||||||||||||||
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Bankers : |
|
|
Auditors : |
|
|
Name : |
S P Nagrath and Company Chartered Accountants |
|
Address : |
A- 380, Defense Colony, New Delhi – 110024, India |
|
Tel. No.: |
91-11-41552244 |
|
Fax No.: |
91-11-41552247 |
|
PAN No.: |
AAAFS6635B |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Holding Company : |
United Technologies International Corporation Asia Private Limited |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
290000 |
Equity Shares |
Rs.10/- each |
Rs.2.900 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 |
2.900 |
2.900 |
2.900 |
|
(b) Reserves & Surplus |
79.054 |
46.134 |
70.683 |
|
(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) |
81.954 |
49.034 |
73.583 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
12.710 |
27.898 |
52.578 |
|
Total Non-current
Liabilities (3) |
12.710 |
27.898 |
52.578 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
145.000 |
60.000 |
37.500 |
|
(b) Trade
payables |
147.032 |
234.740 |
66.936 |
|
(c) Other
current liabilities |
45.021 |
85.265 |
64.303 |
|
(d) Short-term
provisions |
1.813 |
0.278 |
0.096 |
|
Total Current
Liabilities (4) |
338.866 |
380.283 |
168.835 |
|
|
|
|
|
|
TOTAL |
433.530 |
457.215 |
294.996 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.192 |
3.192 |
5.631 |
|
(ii)
Intangible Assets |
0.869 |
3.113 |
1.033 |
|
(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 |
0.013 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.287 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
2.776 |
|
Total Non-Current
Assets |
2.061 |
6.305 |
9.740 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.013 |
0.013 |
0.000 |
|
(b)
Inventories |
70.481 |
75.435 |
64.046 |
|
(c) Trade
receivables |
308.916 |
307.207 |
187.206 |
|
(d) Cash
and cash equivalents |
18.760 |
40.029 |
11.687 |
|
(e) Short-term
loans and advances |
28.185 |
24.150 |
16.310 |
|
(f) Other
current assets |
5.114 |
4.076 |
6.007 |
|
Total
Current Assets |
431.469 |
450.910 |
285.256 |
|
|
|
|
|
|
TOTAL |
433.530 |
457.215 |
294.996 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
631.076 |
567.606 |
464.130 |
|
|
|
Other Income |
1.173 |
4.145 |
3.692 |
|
|
|
TOTAL (A) |
632.249 |
571.751 |
467.822 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
374.477 |
424.749 |
0.000 |
|
|
|
Purchase of stock-in-trade |
0.000 |
0.000 |
309.494 |
|
|
|
Changes in Inventories |
0.000 |
0.000 |
(25.148) |
|
|
|
Direct Expenses |
44.563 |
35.059 |
90.520 |
|
|
|
Employees benefits expense |
106.897 |
101.999 |
57.038 |
|
|
|
Other expenses |
53.322 |
23.402 |
103.352 |
|
|
|
Prior Period Items |
1.426 |
1.684 |
5.317 |
|
|
|
TOTAL (B) |
580.685 |
586.893 |
540.573 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
51.564 |
(15.142) |
(72.751) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.255 |
6.203 |
0.419 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
37.309 |
(21.345) |
(73.170) |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
3.312 |
3.203 |
4.586 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
33.997 |
(24.548) |
(77.756) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.078 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
32.919 |
(24.548) |
(77.756) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
1.551 |
2.531 |
|
|
|
|
|
|
|
|
|
|
IMPORTS -
FINISHED GOODS |
223.001 |
275.277 |
172.442 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
113.52 |
(84.65) |
(268.13) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
5.22 |
(4.32) |
(16.75) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.17 |
(2.67) |
(15.67) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
7.84 |
(5.37) |
(26.36) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
(0.50) |
(1.06) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.77 |
1.22 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.19 |
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 |
2.900 |
2.900 |
2.900 |
|
Reserves & Surplus |
70.683 |
46.134 |
79.054 |
|
Net
worth |
73.583 |
49.034 |
81.954 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
37.500 |
60.000 |
145.000 |
|
Total
borrowings |
37.500 |
60.000 |
145.000 |
|
Debt/Equity
ratio |
0.510 |
1.224 |
1.769 |
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 |
464.130 |
567.606 |
631.076 |
|
|
|
22.295 |
11.182 |
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
|
464.130 |
567.606 |
631.076 |
|
Profit |
(77.756) |
(24.548) |
32.919 |
|
|
(16.75%) |
(4.32%) |
5.22% |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
COMPANY
Subject is engaged in the business as supplier and system integrator of Electronic Security Solutions. The Company’s core competence is in providing of Integrated Security Management Solutions such as Access Control Systems, Biometric Identification, Digital Video Solutions, CCTV surveillance equipment, Network video solutions etc. The Company is having a Joint venture consisting of Indian and Foreign Partnership in the ratio of 40:60.
FINANCIAL RESULTS
Sales
grew by 10.58% during the year to finish at an all-time high turnover of
Rs.6.322 Million. Subject has ended
up with a profit after tax of Rs.32.919 Million for the current financial year
as compared to a loss of Rs.24.549 Million in the previous year. They can
further improve the profit in the coming years.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Short Term Borrowings |
|
|
|
Loans and advances from related parties |
|
|
|
Otis Elevator
Company India Limited |
85.000 |
60.000 |
|
Carrier Air Conditioning
and Refrigeration Limited |
60.000 |
0.000 |
|
|
|
|
|
Total |
145.000 |
60.000 |
NO CHARGES EXIST FOR COMPANY.
FIXED ASSETS:
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
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.63.51 |
|
|
1 |
Rs.100.94 |
|
Euro |
1 |
Rs.72.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
47 |
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.