MIRA INFORM REPORT
|
Report No. : |
312374 |
|
Report Date : |
16.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
AUTOCAL SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
133, Dewan No. 6 Premises Co.Op. Society Limited, Navghar, Vasai Road (East),
Thane – 401210, Maharashtra |
|
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|
|
Country : |
India |
|
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|
Financials (as
on) : |
31.03.2014 |
|
|
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|
Date of
Incorporation : |
22.01.2008 |
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|
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Com. Reg. No.: |
11-178116 |
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Capital
Investment / Paid-up Capital : |
Rs.34.515 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U72200MH2008PTC178116 |
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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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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject provides Calibration, Validation and HVAC Services. |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 98000 |
|
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|
|
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 moderate track record. The company has incurred decent profits in FY2014 as compared to the
loss made during previous FY2013. However, trade relations seem to be fair. Business is active. Payment
terms are reported to ne 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
31-03-2014.
LOCATIONS
|
Registered Office : |
133, Dewan No. 6 Premises Co.Op. Society Limited, Navghar, Vasai Road
(East), Thane – 401210, Maharashtra, India |
|
Tel. No. : |
Not Available |
|
Fax No. : |
Not Available |
|
E-Mail : |
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Website : |
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|
Admin. Office : |
34 & 35, Dewan No. 3 PCS Ltd., Navghar, Vasai Road (E), Dist. Thane - 401210 (WR), Maharashtra, India |
|
Tel. No. : |
91-250-2393247, 2390793, 6450591 (Hunting lines) |
|
Fax No. : |
91-250-2393420 |
|
|
|
|
Laboratory : |
16, Swastik Industrial Estate, Navghar, Vasai Road (E), Dist. Thane – 401210, (WR), Maharashtra, India |
|
Tel. No. : |
91-250-2392460 |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Amit Paul |
|
Designation : |
Nominee director |
|
Address : |
1703/04, Silver Oak, Raheja Willows,, Akurli Road, Kandivali (East), Mumbai - 400101, Maharashtra, INDIA |
|
Date of Birth/Age : |
08.12.1965 |
|
Date of Appointment : |
07.06.2013 |
|
DIN No. : |
00108348 |
|
|
|
|
Name : |
Mr. Prashant Pundlik Kamath |
|
Designation : |
Managing director |
|
Address : |
4-Shridhar Apartment, Near, Pratikhotel, Tembhode Rode, Palghar - 401404, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1969 |
|
Date of Appointment : |
22.01.2008 |
|
DIN No. : |
01259386 |
|
|
|
|
Name : |
Mr. Vinit Arvind Shirsat |
|
Designation : |
Director |
|
Address : |
Building No.12, Block No.82, Mohan Society,, Govind Nagar, Sadawala Lane, Boriwali (West), Mumbai - 400092, Maharashtra, India |
|
Date of Birth/Age : |
20.10.1962 |
|
Date of Appointment : |
22.01.2008 |
|
DIN No. : |
01389356 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Vinit Arvind Shisat |
860746 |
|
Prashant Pundaik Kamath |
860746 |
|
Jaisukh M. Parmar (HUF) |
6 |
|
Champaben Parmar |
6 |
|
Shilpa Pangam |
6 |
|
Sangita Dilip Naik |
6 |
|
Dilip Naik |
6 |
|
Mayura Puntambekar |
6 |
|
Sharayu Arvind Shirsat |
6 |
|
Sunit Tanvade |
6 |
|
Kunda Dhurve |
6 |
|
Deepak Khosla |
4 |
|
Akshay Khosla |
4 |
|
Pundalik V Kamath |
2 |
|
Prerna Prashant Kamath |
2 |
|
Lalita P Kamath |
2 |
|
Radhika Vinit Shirsat |
1 |
|
SIDBI Trustee Company Limited A/C India Opportunities Fund |
729927 |
|
|
|
|
Total |
2451488 |
|
Names of Shareholders (Preference Shares) |
No. of Shares |
|
SIDBI Trustee Company Limited A/C India Opportunities Fund |
100000 |
|
|
|
|
Total |
100000 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
70.22 |
|
Other top fifty shareholders |
29.78 |
|
Total
|
100 |
BUSINESS DETAILS
|
Line of Business : |
Subject provides Calibration, Validation and HVAC Services. |
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Products : |
Not Available |
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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 : |
Not Available |
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Customers : |
Not Available |
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No. of Employees : |
Not Available |
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Bankers : |
NKGSB
Co Operative Bank Ltd |
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Facilities : |
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Auditors : |
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Name : |
B S R and Company Chartered Accountants |
|
Address : |
Lodha Excelus, 1st Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai – 400011, Maharashtra, India |
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Tel. No. : |
91-22-39896000 |
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Fax No. : |
91-22-30902511 |
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PAN
No. : |
AAIFB7357B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates / Subsidiaries : |
Shirsat Electronics |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
Preference Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.40.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2451488 |
Equity Shares |
Rs.10/- each |
Rs.24.515 Millions |
|
100000 |
Preference Shares |
Rs.100/- each |
Rs.10.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.34.515
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
34.515 |
17.216 |
17.116 |
|
(b) Reserves & Surplus |
44.933 |
(1.158) |
8.008 |
|
(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) |
79.448 |
16.058 |
25.124 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
15.854 |
22.032 |
16.823 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.316 |
|
(c) Other long term
liabilities |
0.502 |
0.091 |
0.000 |
|
(d) long-term
provisions |
1.521 |
2.001 |
0.000 |
|
Total Non-current
Liabilities (3) |
17.877 |
24.124 |
17.139 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
11.943 |
16.556 |
8.429 |
|
(b) Trade
payables |
1.126 |
1.265 |
5.029 |
|
(c) Other
current liabilities |
24.641 |
15.710 |
10.646 |
|
(d) Short-term
provisions |
0.503 |
0.441 |
0.995 |
|
Total Current
Liabilities (4) |
38.213 |
33.972 |
25.099 |
|
|
|
|
|
|
TOTAL |
135.538 |
74.154 |
67.362 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
50.359 |
46.046 |
42.479 |
|
(ii)
Intangible Assets |
2.083 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
8.096 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.507 |
0.508 |
0.207 |
|
(c) Deferred tax assets (net) |
0.903 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
24.267 |
6.493 |
1.053 |
|
(e) Other Non-current
assets |
4.434 |
2.152 |
3.632 |
|
Total Non-Current
Assets |
90.649 |
55.199 |
47.371 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
14.817 |
8.881 |
12.294 |
|
(d) Cash
and cash equivalents |
26.196 |
4.903 |
5.277 |
|
(e)
Short-term loans and advances |
3.637 |
3.820 |
2.280 |
|
(f) Other
current assets |
0.239 |
1.351 |
0.140 |
|
Total
Current Assets |
44.889 |
18.955 |
19.991 |
|
|
|
|
|
|
TOTAL |
135.538 |
74.154 |
67.362 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
GROSS INCOME |
89.165 |
69.854 |
83.614 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
||
|
|
|
TOTAL |
86.619 |
79.336 |
57.265 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
2.546 |
(9.482) |
15.660 |
|
|
|
|
|
|
|
|
|
TAX |
(0.903) |
(0.316) |
5.119 |
||
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.449 |
(9.166) |
10.541 |
|
|
|
|
|
|
||
|
|
EARNING IN
FOREIGN CURRENCY |
0.377 |
0.169 |
2.830 |
|
|
|
|
|
|
||
|
|
CIF VALUE OF
IMPORTS |
5.849 |
7.920 |
1.119 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
1.35 |
(3.59) |
4.13 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.02 |
(12.88) |
23.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
(0.59) |
0.62 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.35 |
2.40 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
0.56 |
0.80 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
17.116 |
17.216 |
34.515 |
|
Reserves & Surplus |
8.008 |
(1.158) |
44.933 |
|
Net worth |
25.124 |
16.058 |
79.448 |
|
|
|
|
|
|
long-term borrowings |
16.823 |
22.032 |
15.854 |
|
Short term borrowings |
8.429 |
16.556 |
11.943 |
|
Total borrowings |
25.252 |
38.588 |
27.797 |
|
Debt/Equity ratio |
1.005 |
2.403 |
0.350 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Gross Income |
83.614 |
69.854 |
89.165 |
|
|
|
(16.457) |
27.645 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Gross Income |
83.614 |
69.854 |
89.165 |
|
Profit |
10.541 |
(9.166) |
3.449 |
|
|
12.61% |
(13.12%) |
3.87% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
From Related Parties |
5.651 |
6.805 |
|
From Other Parties |
1.600 |
4.766 |
|
|
|
|
|
Total |
7.251 |
11.571 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10528237 |
14/10/2014 * |
25,300,000.00 |
NKGSB CO.OP. BANK LTD. |
DAHISAR
(W) BRANCH, JAI-SHREE RANCHHODDHAM, L.T. ROAD, DAHISAR (W), MUMBAI, Maharashtra
400068, INDIA |
C32169369 |
|
2 |
10507520 |
23/06/2014 |
6,000,000.00 |
NKGSB CO.OP. BANK LTD. |
JAI-SHREE RANCHHODDHAM, L.T. ROAD, DAHISAR
(WEST), MUMBAI, Maharashtra - 400068, INDIA |
C10170819 |
|
3 |
10507517 |
30/05/2014 |
26,300,000.00 |
NKGSB CO.OP. BANK LTD. |
JAI-SHREE RANCHHODDHAM, L.T. ROAD, DAHISAR
(WEST), MUMBAI, Maharashtra - 400068, INDIA |
C10169928 |
|
4 |
10460704 |
08/11/2013 |
780,000.00 |
NKGSB CO.OP. BANK LTD. |
JAI-SHREE RANCHHODDHAM, L.T. ROAD, DAHISAR (WEST),
MUMBAI, Maharashtra - 400068, INDIA |
B89739221 |
|
5 |
10441587 |
19/06/2013 |
573,000.00 |
NKGSB CO.OP. BANK LTD. |
JAI-SHREE RANCHHODDHAM, L.T. ROAD, DAHISAR
(WEST), MUMBAI, Maharashtra - 400068, INDIA |
B81464596 |
|
6 |
10355957 |
30/04/2012 |
9,576,000.00 |
NKGSB CO.OP. BANK LTD. |
DAHISAR
(W) BRANCH, JAI-SHREE RANCHHODDHAM, L.T. ROAD, DAHISAR (W), MUMBAI,
Maharashtra 400068, INDIA |
B39689484 |
|
7 |
10273711 |
23/02/2011 |
14,800,000.00 |
NKGSB CO-OP. BANK LTD. |
JAI-SHREE RANCHHODDHAM, L.T. ROAD, DAHISAR
(WEST), MUMBAI, Maharashtra - 400068, INDIA |
B08061848 |
|
8 |
10265090 |
28/12/2010 |
2,460,000.00 |
NKGSB CO.OP. BANK LTD. |
DAHISAR
(W) BRANCH, JAI-SHREE RANCHHODDHAM, L.T. ROAD, DAHISAR (W), MUMBAI, Maharashtra
400068, INDIA |
B03922937 |
|
9 |
10195607 |
08/01/2010 |
2,678,000.00 |
THE NKGSB CO-OP BANK LTD. |
DAHISAR
(W) BRANCH, JAI-SHREE RANCHHODDHAM, L.T. ROAD, DAHISAR (W), MUMBAI,
Maharashtra 400068, INDIA |
A76940428 |
|
10 |
10180824 |
07/10/2014 * |
24,422,000.00 |
NKGSB CO.OP. BANK LTD. |
DAHISAR
(W) BRANCH, JAI-SHREE RANCHHODDHAM, L.T. ROAD, DAHISAR (W), MUMBAI,
Maharashtra 400068, INDIA |
C31665060 |
* Date of charge modification
FIXED ASSETS
- Office Building and Freehold Premises
- Plant and Machinery
- Air Conditioner
- Electrical Installations
- Office Equipment
- Furniture and Fitting
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.62.67 |
|
|
1 |
Rs.93.16 |
|
Euro |
1 |
Rs.66.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
4 |
|
-- PROFITABILITY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.