MIRA INFORM REPORT
|
Report No. : |
310588 |
|
Report Date : |
07.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
NICO EXTRUSIONS LIMITED (w.e.f November 2012) |
|
|
|
|
Formerly Known
As : |
NICO EXTRUSIONS PRIVATE LIMITED |
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Registered
Office : |
A/54, New Empire Premises Co-op Society Limited, Kondivita Road, J.B. Nagar,
Andheri (East), Mumbai – 400059, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
23.02.1996 |
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Com. Reg. No.: |
11-097588 |
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Capital Investment
/ Paid-up Capital : |
Rs. 50.000 Million |
|
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|
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CIN No.: [Company Identification
No.] |
U28113MH1996PLC097588 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMN05221G |
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PAN No.: [Permanent Account No.] |
AAACN2104R |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of aluminum alloys, copper alloys, zinc alloys. |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Management of the company has failed to file its latest financial for
the year 2014 with the Government Department. As per available financial of 2013, reserves of the company seems to
be low. However, trade relations are reported as fair. Business is active.
Payment terms are reported slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Hardik Chawada |
|
Designation : |
Senior Account Manager |
|
Contact No.: |
91-22-66938700 |
|
Date : |
02.03.2015 |
LOCATIONS
|
Registered Office : |
A/54, New Empire Premises Co-op Society Limited, Kondivita Road, J.B. Nagar,
Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-66938700/ 42608787 |
|
Fax No.: |
91-22-26872152 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
Survey No. 678, 1/3, Plot No. 4, Bhilad-Sivassa, Main Road, Before Naroli
Check Post, Naroli, Silvassa- 396235, Union Territory, India |
|
Tel. No.: |
91-260-6536035 |
|
Telefax No.: |
91-260-2650215 |
|
Location : |
Owned |
|
|
|
|
Godown : |
9-B, MIDC Industrial Area, |
|
Tel. No.: |
91-2522-260137 |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Punyapal Champalal Jain |
|
Designation : |
Director |
|
Address : |
C/50, Flat No. 102, Sector 9,
Shanti Nagar, Mira Road East, Thane - 401107 Maharashtra, India |
|
Date of Birth/Age : |
21.06.1980 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
19.03.2013 |
|
DIN No.: |
06608582 |
|
|
|
|
Name : |
Mr. Arun Mehta |
|
Designation : |
Director |
|
Address : |
7, Manav Mandeer A, Vidyaniketan Marg, 17, Laxmi Narayan
Mandir, Mumbai Upnagar, Tehsil Borivali, Mumbai – 400062, Maharashtra, India |
|
Date of Birth/Age : |
21.11.1953 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
13.03.2013 |
|
DIN No.: |
06608585 |
|
|
|
|
Name : |
Mr. Dharmesh N. Patel |
|
Designation : |
Director |
|
Address : |
1, Chandubhai Babubhai Chwal, Chincholi Bunder, Malad
(West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
10.05.1974 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
13.03.2013 |
|
PAN No.: |
AAFPP6117J |
|
DIN No.: |
06608770 |
KEY EXECUTIVES
|
Name : |
Mr. Sameer Mistry |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ambalal Porwal |
|
179500 |
|
Tushar A Porwal |
|
179000 |
|
Nirmala Porwal |
|
914000 |
|
Manjula Porwal |
|
900000 |
|
Ruchi Porwal |
|
261500 |
|
Nitul Shah |
|
500000 |
|
Vilas B. Shah |
|
825000 |
|
Vipul Ambalal Porwal |
|
179000 |
|
Bhupat Shah (HUF) |
|
500000 |
|
Ritu Jain |
|
261500 |
|
Metec Asia Limited, India |
|
300000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Non-Ferrous Metal Alloys. |
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Products : |
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Exports : |
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Products : |
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Countries : |
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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 (30, 60 and 90 Days) |
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Purchasing : |
Cash, L/C and Credit (30, 60 and 90 Days) |
PRODUCTION STATUS AS ON 31.03.2012
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
(Single
Shift) |
|
|
NON Ferrous Alloys |
Tones |
18000 |
4716.32 |
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GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
|
|
Name : |
RRDL and Associates Chartered Accountants |
|
Address : |
Borivali, Maharashtra, India |
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|
|
|
Related Party: |
CIN: U27100MH1984PTC034482
CIN: U27200MH1993PLC072246
CIN: U15205MH1987PTC043227
CIN: U70101GA1995PTC001959
CIN: U51420MH2003PLC139365
|
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 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 |
50.000 |
50.000 |
50.000 |
|
(b) Reserves & Surplus |
34.296 |
32.228 |
81.417 |
|
(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) |
84.296 |
82.228 |
131.417 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
2.840 |
|
(c)
Other long term liabilities |
1.181 |
1.244 |
229.450 |
|
(d)
long-term provisions |
0.321 |
0.321 |
0.321 |
|
Total
Non-current Liabilities (3) |
1.502 |
1.565 |
232.611 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
310.274 |
552.784 |
578.134 |
|
(b)
Trade payables |
368.999 |
182.507 |
99.270 |
|
(c)
Other current liabilities |
242.278 |
286.454 |
13.811 |
|
(d)
Short-term provisions |
0.626 |
0.000 |
2.723 |
|
Total
Current Liabilities (4) |
922.177 |
1021.745 |
693.938 |
|
|
|
|
|
|
TOTAL |
1007.975 |
1105.538 |
1057.966 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
10.973 |
32.486 |
34.693 |
|
(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) |
17.130 |
17.130 |
0.000 |
|
(d) Long-term Loan and Advances |
23.145 |
12.710 |
34.646 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
51.248 |
62.326 |
69.339 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.100 |
0.000 |
1.021 |
|
(b)
Inventories |
661.285 |
788.794 |
637.191 |
|
(c)
Trade receivables |
131.173 |
76.995 |
163.868 |
|
(d)
Cash and cash equivalents |
82.368 |
57.712 |
55.840 |
|
(e)
Short-term loans and advances |
81.295 |
119.395 |
130.707 |
|
(f)
Other current assets |
0.506 |
0.316 |
0.000 |
|
Total
Current Assets |
956.727 |
1043.212 |
988.627 |
|
|
|
|
|
|
TOTAL |
1007.975 |
1105.538 |
1057.966 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1149.557 |
1552.076 |
1353.190 |
|
|
|
Other Income |
23.501 |
9.470 |
4.404 |
|
|
|
TOTAL (A) |
1173.058 |
1561.546 |
1357.594 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
149.355 |
1830.278 |
977.535 |
|
|
|
Purchases of Stock-in-Trade |
422.548 |
112.648 |
150.249 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
401.688 |
(607.606) |
(20.783) |
|
|
|
Employees benefits expense |
16.970 |
14.761 |
12.228 |
|
|
|
Other expenses |
150.851 |
238.157 |
185.116 |
|
|
|
TOTAL (B) |
1141.412 |
1588.238 |
1304.345 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
31.646 |
(26.692) |
53.249 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
26.328 |
38.047 |
24.837 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.318 |
(64.739) |
28.412 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.624 |
3.346 |
4.295 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
2.694 |
(68.085) |
24.117 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.626 |
(18.897) |
7.835 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
2.068 |
(49.188) |
16.282 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
623.163 |
395.243 |
126.278 |
|
|
TOTAL EARNINGS |
623.163 |
395.243 |
126.278 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
900.920 |
897.691 |
|
|
TOTAL IMPORTS |
NA |
900.920 |
897.691 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.41 |
(9.84) |
3.26 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
698.800 |
|
|
|
|
(Suffering
Loses) |
Expected Sales (2014-2015) : Rs. 800.000 million
The above information has been parted by Mr. Hardik Chawda.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.18 |
(3.17) |
1.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2.75 |
(1.72) |
3.94 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.27 |
(6.26) |
2.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
(0.83) |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.68 |
6.72 |
4.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
1.02 |
1.42 |
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 |
50.000 |
50.000 |
50.000 |
|
Reserves & Surplus |
81.417 |
32.228 |
34.296 |
|
Net worth |
131.417 |
82.228 |
84.296 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
578.134 |
552.784 |
310.274 |
|
Total borrowings |
578.134 |
552.784 |
310.274 |
|
Debt/Equity ratio |
4.399 |
6.723 |
3.681 |
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) |
|
Sales |
1353.190 |
1552.076 |
1149.557 |
|
|
|
14.698 |
(25.934) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1353.190 |
1552.076 |
1149.557 |
|
Profit |
16.282 |
(49.188) |
2.068 |
|
|
1.20% |
(3.17)% |
0.18% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG TERM DEBT: NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-------------------- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
SHORT TERM
BORROWINGS |
|
|
|
Other loans and advance |
100.090 |
180.351 |
|
|
|
|
|
Total |
100.090 |
180.351 |
FINANCIAL STATEMENT
During the year company has achieved sales of Rs. 1149.600 Million compared to Rs. 1552.100 Million for the previous financial year registering a diminishing growth of -26%. The company has incurred Net Profit before tax of Rs. 2.700 Million as against Net Loss before tax of Rs.69.200 Million for the corresponding previous financial year.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10181794 |
09/07/2014 * |
560,000,000.00 |
CANARA BANK |
FORT (MAIN) BRANCH, WARDEN HOUSE, SIR P. M. ROAD, FORT, MUMBAI, MAHARASHTRA - 400001, INDIA |
C16319212 |
|
2 |
90154701 |
07/06/2003 |
2,500,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
MANDVI BRANCH, MUMBAI, MAHARASHTRA - 400003, INDIA |
- |
|
3 |
90154657 |
18/10/2001 |
1,235,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
MANDVI BRANCH, MUMBAI, MAHARASHTRA - 400003, INDIA |
- |
|
4 |
90153776 |
04/10/2002 * |
26,300,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
MANDVI BRANCH, MUMBAI, MAHARASHTRA - 400003, INDIA |
- |
|
5 |
90154634 |
19/04/2004 * |
26,300,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
MANDVI BRANCH, MUMBAI, MAHARASHTRA - 400003, INDIA |
- |
|
6 |
90152578 |
19/04/2004 * |
46,300,000.00 |
THE SHAMRAO VITHAL CO-OP. BANK LTD. |
MANDVI BRANCH, MUMBAI, MAHARASHTRA - 400003, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Factory equipment’s
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment’s
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. 62.20 |
|
|
1 |
Rs. 94.71 |
|
Euro |
1 |
Rs. 68.60 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.