MIRA INFORM REPORT
|
Report No. : |
322895 |
|
Report Date : |
18.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALPHA MAIER PRIVATE LIMITED
(w.e.f. 10.01.2012) |
|
|
|
|
Formerly Known
As : |
ALPHA
UM AUTOCOMP PRIVATE LIMITED (w.e.f. 20.12.2011) ALPHA
UM AUTOCOMP LIMITED |
|
|
|
|
Registered
Office : |
806, Devika Tower, 6, Nehru Place, New Delhi - 110019 |
|
Tel. No.: |
91-11-65683592 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.05.2010 |
|
|
|
|
Com. Reg. No.: |
202385 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.62.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U35990DL2010PTC202385 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICA4569R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of nylon covers, tail lamp holder indicators bulbs, engine
temperature sensor, light bar steel bumpers. |
|
|
|
|
No. of Employees
: |
175 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company has reported sound operational performance and it has
achieved profit from its operations which help company to wiping off some
accumulated losses during 2014. However, rating remain constrained on account of company’s moderate
financial risk profile and weak networth profile of the company. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. In view of negative reserves position, the company can be considered
for business dealings with some caution. |
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 |
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. Paras |
|
Designation : |
Accounts head |
|
Contact No.: |
91-9871355944 |
|
Date : |
15.05.2015 |
LOCATIONS
|
Registered Office : |
806, Devika Tower, 6, Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11-65683592 |
|
Mobile No.: |
91-9871355944 (Mr. Paras) |
|
Fax No.: |
91-1-46540620 |
|
E-Mail : |
|
|
Location : |
Owned [Commercial] |
|
|
|
|
Factory : |
Plot No. 402, Sector 8, IMT Maneasr, Gurgaon - 122051, Haryana, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Arvind Kapur |
|
Designation : |
Director |
|
Address : |
181-C, Western Avenue, Sainik Farms, New Delhi - 110062, India |
|
Date of Birth/Age : |
05.07.1950 |
|
Date of Appointment : |
17.02.2012 |
|
DIN No.: |
00096308 |
|
|
|
|
Name : |
Sushant Chhabra |
|
Designation : |
Director |
|
Address : |
60, Prakriti Marg, Mehrauli Gurgaon Road, New Delhi 110030, India |
|
Date of Birth/Age : |
26.06.1974 |
|
Date of Appointment : |
07.05.2010 |
|
DIN No.: |
00096771 |
|
|
|
|
Name : |
Kuldeep Kumar Bhambri |
|
Designation : |
Managing Director |
|
Address : |
H. No. 620, Sector - 16/A, Faridabad - 121006, Haryana, India |
|
Date of Birth/Age : |
08.02.1960 |
|
Date of Appointment : |
27.06.2013 |
|
DIN No.: |
00098192 |
|
|
|
|
Name : |
Ashutosh Sharma |
|
Designation : |
Director |
|
Address : |
147, Sahayog Apartments, Mayur Vihar, Phase-I, New Delhi, 110091, Delhi, India |
|
Date of Birth/Age : |
14.06.1965 |
|
Date of Appointment : |
17.02.2012 |
|
DIN No.: |
02065018 |
|
|
|
|
Name : |
Alfredo Gonzalez Cid |
|
Designation : |
Director |
|
Address : |
Calle Aita Roman Urtiaga 38, Amorebieta, Etxano, 38, Spain |
|
Date of Birth/Age : |
10.08.1961 |
|
Date of Appointment : |
17.02.2012 |
|
DIN No.: |
05161911 |
|
|
|
|
Name : |
Gorka Maestre Fuente |
|
Designation : |
Director |
|
Address : |
Camino Torrekolanda Bidea 20, 2 Izda,, Berango, 20, Spain |
|
Date of Birth/Age : |
28.07.1972 |
|
Date of Appointment : |
17.02.2012 |
|
DIN No.: |
05161971 |
KEY EXECUTIVES
|
Name : |
Mr. Paras |
|
Designation : |
Accounts head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Unitech Machines Limited, India |
7330730 |
51.00 |
|
Maier S, Coop, Spain |
7043250 |
49.00 |
|
Total |
14373980 |
100.00 |
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 |
49.00 |
|
Bodies corporate |
51.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of nylon covers, tail lamp holder indicators bulbs,
engine temperature sensor, light bar steel bumpers. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cheque |
|
|
|
|
Purchasing : |
Cheque |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
175 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
ING Vysya Bank Limited, Narian Manzil, Ground Floor,Shop No. G1 To G5, I Floor, Shop No.1001 To 1007, Barakhamba Road, New Delhi - 110001, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Financial Institution : |
Intec Capital Limited, 701, Manjusha, 57 Nehru Place, New Delhi - 110019, India |
|
|
|
|
Auditors : |
|
|
Name : |
Nipun Khurana and Associates Chartered Accountants |
|
Address : |
B-192, Gujranwala Town - I |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIFN4297Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding company: |
Unitech Machines Limited [U34300DL1986PLC023498] |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are
partners with Key management personnel and their
relatives : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
16,500,000 |
Equity Shares |
Rs.10/- each |
Rs.165.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14,373,980 |
Equity Shares |
Rs.10/- each |
Rs.143.740
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,05,00,000 |
Equity Shares |
Rs.10/- each |
Rs.105.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
62,00,000 |
Equity Shares |
Rs.10/- each |
Rs.62.000
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 |
62.000 |
62.000 |
62.000 |
|
(b) Reserves &
Surplus |
(5.109) |
(14.931) |
(15.052) |
|
(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) |
56.891 |
47.069 |
46.948 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
7.529 |
15.341 |
26.844 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
2.331 |
2.331 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
8.430 |
3.695 |
0.000 |
|
Total Non-current
Liabilities (3) |
15.959 |
21.367 |
29.175 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
48.559 |
36.393 |
22.754 |
|
(c) Other current
liabilities |
36.757 |
19.896 |
11.700 |
|
(d) Short-term provisions |
2.630 |
0.849 |
1.161 |
|
Total Current Liabilities
(4) |
87.946 |
57.138 |
35.615 |
|
|
|
|
|
|
TOTAL |
160.796 |
125.574 |
111.738 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
62.319 |
52.001 |
52.264 |
|
(ii) Intangible Assets |
12.615 |
14.260 |
9.976 |
|
(iii) Capital
work-in-progress |
3.150 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.121 |
2.894 |
0.038 |
|
(e) Other Non-current
assets |
5.857 |
4.859 |
6.312 |
|
Total Non-Current Assets |
90.062 |
74.014 |
68.590 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
12.565 |
9.198 |
5.911 |
|
(c) Trade receivables |
41.512 |
22.884 |
17.897 |
|
(d) Cash and cash
equivalents |
5.936 |
13.545 |
12.368 |
|
(e) Short-term loans and
advances |
5.390 |
2.971 |
0.761 |
|
(f) Other current assets |
5.331 |
2.962 |
6.211 |
|
Total Current Assets |
70.734 |
51.560 |
43.148 |
|
|
|
|
|
|
TOTAL |
160.796 |
125.574 |
111.738 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
238.490 |
168.937 |
29.832 |
|
|
Other Income |
2.976 |
3.115 |
0.065 |
|
|
TOTAL |
241.466 |
172.052 |
29.897 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
227.402 |
166.158 |
38.509 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
14.064 |
5.894 |
(8.612) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.573 |
5.773 |
4.109 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.491 |
0.121 |
(12.721) |
|
|
|
|
|
|
|
Less |
TAX |
1.026 |
0.000 |
2.331 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
6.465 |
0.121 |
(15.052) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
0.213 |
Nil
|
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
82.741 |
31.956 |
NA |
|
|
TOTAL IMPORTS |
82.741 |
31.956 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.04 |
0.02 |
-- |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
320.000 |
Expected Sales ( 2015-2016 ) : Rs.360.000 Million
The above information has been parted by Mr.Paras.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
21.134 |
11.393 |
11.393 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.71 |
0.07 |
(50.46) |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.90 |
3.49 |
(28.87) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.75 |
0.10 |
(11.38) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
7.86 |
0.00 |
(0.27) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.50 |
0.57 |
0.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.80 |
0.90 |
1.21 |
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 |
62.000 |
62.000 |
62.000 |
|
Reserves & Surplus |
(15.052) |
(14.931) |
(5.109) |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
46.948 |
47.069 |
56.891 |
|
|
|
|
|
|
long-term borrowings |
26.844 |
15.341 |
7.529 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current Maturities of
Long Term Debt |
11.393 |
11.393 |
21.134 |
|
Total borrowings |
38.237 |
15.341 |
7.529 |
|
Debt/Equity ratio |
0.814 |
0.326 |
0.132 |
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 |
29.832 |
168.937 |
238.490 |
|
|
|
466.295 |
41.171 |
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 |
29.832 |
168.937 |
238.490 |
|
Profit/Loss |
(15.052) |
0.121 |
6.465 |
|
|
(50.46%) |
0.07% |
2.71% |
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) |
No |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Bank Guarantee |
6.495 |
3.395 |
|
Margin against said Bank Guarantees |
0.950 |
0.765 |
|
Total |
7.445 |
4.160 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10470122 |
21/12/2013 |
6,704,521.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57 NEHRU PLACE, NEW DELHI, DELHI - |
B93490852 |
|
2 |
10232673 |
28/08/2012 * |
48,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL,GROUND FLOOR,SHOP NO. G1 TO G5,, I |
B58548637 |
|
3 |
10232468 |
08/07/2010 |
90,000,000.00 |
ING VYSYA BANK LIMITED |
NARIAN MANZIL,GROUND FLOOR,SHOP NO. G1 TO G5,, I |
A90984113 |
* Date of charge modification
RESULTS OF OPERATIONS
The Company has achieved a total income of Rs.241.466 Million in the current year as compared to Rs.172.052 Million in previous year. The Company has registered a Profit/ (loss) after tax of Rs. 6.465 Million as compared to Rs.0.121 Million in the previous year.
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.63.58 |
|
|
1 |
Rs.100.30 |
|
Euro |
1 |
Rs.72.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
4 |
|
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 |
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 |
|
32 |
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.