MIRA INFORM REPORT
|
Report No. : |
322010 |
|
Report Date : |
12.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ECO FUEL SYSTEMS (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
202, Swastik Apartment, L.B.S. Marg, Garden Lane, Ghatkopar (West),
Mumbai – 400086, Maharashtra |
|
Tel. No.: |
91-22-25085500/ 61359500/ 22500124 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.01.2003 |
|
|
|
|
Com. Reg. No.: |
11-138953 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 29.992 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23121MH2003PTC138953 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUME04536A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCE6454E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of LPG and CNG Gas. |
|
|
|
|
No. of Employees
: |
45 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March, 2014 but the documents
related to the financials for the year 2014 are not available from any
sources. As per available financial of 2013, there is a dip in sales and profit
of the company. However, overall financial position of the company is decent. Trade relations are reported to be fair. Business is active. Payments
are reported to be slow but correct. The company can be considered for business dealing 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Thomas Samuel |
|
Designation : |
Account Incharge |
|
Contact No.: |
91-22-25085500 |
|
Date : |
11.05.2015 |
LOCATIONS
|
Registered Office : |
202, Swastik Apartment, L.B.S. Marg, Garden Lane, Ghatkopar (West),
Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25085500/ 61359500/ 22500124 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Corporate Office : |
B/101, Beeana, 90, Feat Road, Ghatkopar (East), Mumbai – 400075,
Maharashtra, India |
|
Tel. No.: |
91-22-25085500/ 25125511/ 25002896 |
|
Fax No.: |
91-22-25125511 |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Virendra Maneklal Vora |
|
Designation : |
Director |
|
Address : |
B-1503, 15th Floor, Krushal Towers, G.M. Road, Chembur,
Mumbai – 400089, Maharashtra, India |
|
Date of Birth/Age : |
19.05.1960 |
|
Date of Appointment : |
31.01.2003 |
|
PAN No.: |
ACMPV5974G |
|
DIN No.: |
01331707 |
|
|
|
|
Name : |
Mrs. Vibha Virendra Vora |
|
Designation : |
Director |
|
Address : |
B-1503, 15th Floor, Krushal Towers, G.M. Road, Chembur, Mumbai
– 400089, Maharashtra, India |
|
Date of Birth/Age : |
29.04.1962 |
|
Date of Appointment : |
31.01.2003 |
|
PAN No.: |
ACMPV5974G |
|
DIN No.: |
01280877 |
KEY EXECUTIVES
|
Name : |
Mr. Thomas Samuel |
|
Designation : |
Account Incharge |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Virendra Maneklal Vora |
|
1250000 |
|
Vibha Virendra Vora |
|
1250000 |
|
Hanumant Rao Bhounsle |
|
473639 |
|
D S Kang |
|
25504 |
|
Mahendra Jaswantlal Parekh |
|
25 |
|
Payal Mahendra Parekh |
|
25 |
|
Total |
|
2999193 |
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 |
16.64 |
|
Directors or relatives of Directors |
83.35 |
|
Other top fifty shareholders |
0.01 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20322010_MIRA%2012-May-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of LPG and CNG Gas. |
|
|
|
|
Products : |
LPG and CNG Gas |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Gas |
|
Countries : |
· Sri Lanka · China |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cheque and Credit |
|
|
|
|
Purchasing : |
Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
45 (Approximately) |
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|
Bankers : |
· Bank of India, Ghatkopar (East) Branch, Kiran Niketan, Tilak Road, Ghatkopar (East), Mumbai – 400077, Maharashtra, India ·
Dhanlaxmi Bank Limited, Rishab Mansion, Plot No
3, Hawahar Nagar, S V Road, Goregaon (West), Mumbai – 400062, Maharashtra,
India |
||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
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Banking
Relations : |
Aditya Birla Finance Limited, Indian Rayon Compound, Veraval - 362266, Gujarat, India |
|
|
|
|
Auditors : |
|
|
Name : |
Sandip Shah and Company Chartered Accountants |
|
Address : |
B-601, Sahayog Co-Operative Housing Society Limited, 192-A
S V Road, Kandivali (West), Mumbai, Maharashtra, India |
|
Email: |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AHEPS9165P |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
· Hi-Tech Metrology Private Limited CIN No.: U52334MH2007PTC171089 · Magnum Cylinders Private Limited CIN No.: U74999MH2008PTC186236 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorized 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 |
|
|
|
|
|
|
2999193 |
Equity Shares |
Rs.10/- each |
Rs.29.992 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 |
29.992 |
29.992 |
9.992 |
|
(b) Reserves & Surplus |
191.358 |
174.096 |
148.162 |
|
(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) |
221.350 |
204.088 |
158.154 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
49.224 |
51.098 |
18.924 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
49.224 |
51.098 |
18.924 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
245.762 |
166.034 |
95.489 |
|
(b) Trade
payables |
177.636 |
335.417 |
182.413 |
|
(c) Other
current liabilities |
32.186 |
34.821 |
34.274 |
|
(d) Short-term
provisions |
1.194 |
1.409 |
2.517 |
|
Total Current
Liabilities (4) |
456.778 |
537.681 |
314.693 |
|
|
|
|
|
|
TOTAL |
727.352 |
792.867 |
491.771 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4.914 |
1.743 |
2.265 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
30.449 |
28.717 |
28.717 |
|
(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) |
0.258 |
0.073 |
0.011 |
|
(d) Long-term Loan and Advances |
5.633 |
7.694 |
9.844 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
41.254 |
38.227 |
40.837 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
364.736 |
370.864 |
273.087 |
|
(c) Trade
receivables |
231.380 |
257.864 |
125.642 |
|
(d) Cash
and cash equivalents |
36.734 |
70.640 |
19.841 |
|
(e)
Short-term loans and advances |
52.625 |
54.504 |
31.110 |
|
(f) Other
current assets |
0.623 |
0.768 |
1.254 |
|
Total
Current Assets |
686.098 |
754.640 |
450.934 |
|
|
|
|
|
|
TOTAL |
727.352 |
792.867 |
491.771 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
844.731 |
1209.234 |
894.244 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
64.441 |
64.332 |
48.406 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
36.684 |
25.136 |
13.616 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
27.757 |
39.196 |
34.790 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.681 |
0.616 |
0.589 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
26.076 |
38.580 |
34.201 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.815 |
12.646 |
11.683 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
17.261 |
25.934 |
22.518 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
79.249 |
53.315 |
30.797 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
96.511 |
79.249 |
53.315 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
5.76 |
14.47 |
22.54 |
|
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover (Approximately) |
|
860.000 |
850.000 |
|
|
|
|
|
The above information has been parted by Mr. Thomas Samuel (Account
Incharge)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.04 |
2.14 |
2.52 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.63 |
5.32 |
5.41 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.74 |
5.05 |
7.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.19 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.33 |
1.06 |
0.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50 |
1.40 |
1.43 |
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 |
9.992 |
29.992 |
29.992 |
|
Reserves & Surplus |
148.162 |
174.096 |
191.358 |
|
Net
worth |
158.154 |
204.088 |
221.350 |
|
|
|
|
|
|
long-term borrowings |
18.924 |
51.098 |
49.224 |
|
Short term borrowings |
95.489 |
166.034 |
245.762 |
|
Total
borrowings |
114.413 |
217.132 |
294.986 |
|
Debt/Equity
ratio |
0.723 |
1.064 |
1.333 |
%20PRIVATE%20LIMITED%20-%20322010_MIRA%2012-May-2015_files/image015.gif)
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 |
894.244 |
1209.234 |
844.731 |
|
|
|
35.224 |
-30.143 |
%20PRIVATE%20LIMITED%20-%20322010_MIRA%2012-May-2015_files/image017.gif)
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 |
894.244 |
1209.234 |
844.731 |
|
Profit |
22.518 |
25.934 |
17.261 |
|
|
2.52% |
2.14% |
2.04% |
%20PRIVATE%20LIMITED%20-%20322010_MIRA%2012-May-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
31.03.2011 (Rs.
In Million) |
|
|
|
|
|
|
Current maturities of long-term debt |
6.997 |
5.068 |
25.292 |
|
|
|
|
|
|
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 |
No |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10523771 |
26/03/2014 |
10,000,000.00 |
ADITYA BIRLA FINANCE LIMITED |
INDIAN RAYON
COMPOUND,, VERAVAL - 362266, GUJARAT, |
C22164289 |
|
2 |
10310768 |
15/10/2011 * |
245,000,000.00 |
DHANLAXMI BANK LIMITED |
RISHAB MANSION, PLOT NO 3, HAWAHAR NAGAR S V ROAD, GOREGAON WEST, MUMBAI - 400062, MAHARASHTRA, INDIA |
B26596486 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
0.062 |
0.751 |
|
Rupee term loans from others |
0.110 |
1.312 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
1.326 |
4.039 |
|
Rupee term loans from others |
10.514 |
9.449 |
|
Working capital loans from banks |
50.236 |
0.000 |
|
Loans and advances from directors |
22.572 |
2.776 |
|
Loans and advances from others |
20.000 |
19.970 |
|
Total |
104.820 |
38.297 |
CHANGE OF ADDRESS
The registered office of the company has been shifted from 202, Swastik
Apartment, L.B.S. Marg, Garden Lane, Ghatkopar (West), Mumbai – 400086,
Maharashtra, India to present address w.e.f. 01.09.2011.
PERFORMANCE REVIEW
During the year, the revenue from operations during the year was Rs. 844.731 Million as compared to Rs. 1209.234 Million of the previous year. The Profit after tax during the year was Rs. 17.261 Million as compared to Rs. 25.934 Million of the previous year.
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
Income Tax Matters |
0.072 |
0.042 |
|
Bank Guarantees |
0.170 |
0.170 |
FIXED ASSETS
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
· Office Equipment
·
Computer Equipments
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.63.85 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.71.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
4 |
|
--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 |
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 |
|
44 |
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.