MIRA INFORM REPORT
|
Report No. : |
320823 |
|
Report Date : |
21.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MIRACLE ELECTRONIC DEVICES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
48 / 1, Karihobavanhalli, Thigalarapallya Main Road, Peenya 2nd
Stage, Bangalore – 560053, Karnataka |
|
Tel. No.: |
91-80-23485149 / 23489971 /28362750 /28362751 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.03.1994 |
|
|
|
|
Com. Reg. No.: |
08-015300 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32104KA1994PTC015300 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Power and Industrial
Transformers, Voltage, Stabilizers and Power Supply, etc. |
|
|
|
|
No. of Employees
: |
110 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B ( 30 ) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 38000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company possesses moderate financial profile marked by modest
networth base comprising of low reserves along with modest working capital
intensive operations during 2014. Management has reported a significant decline in its net profitability
during FY 2014. However, trade relation seems to be fair. Business is active. Payment
terms are reported as slow but correct The subject can be considered for business dealings with 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 – 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 : |
Ms. Rupa |
|
Designation : |
Account Assistant |
|
Contact No.: |
91-80-283627051 |
|
Date : |
05.05.2015 |
LOCATIONS
|
Registered Office / Factory : |
48 / 1, Karihobavanhalli, Thigalarapallya Main Road, Peenya 2nd
Stage, Bangalore – 560053, Karnataka, India |
|
Tel. No.: |
91-80-23485149 / 23489971 /28362750 /28362751 |
|
Mobile No.: |
91-9845546251 (Mr. Nilesh S. Vadhar ) |
|
Fax No.: |
91-80-23480882 / 28362752 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
180 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch : |
No. 65/2, Kamakshipalaya Industrial Area, Magadi Main Road, Bengaluru
– 560079, Karnataka, India |
|
Tel. No.: |
91-80-23485149/ 23489971 |
|
Fax No.: |
91-80-23480882 |
DIRECTORS
As on : 25.07.2014
|
Name : |
Mr. Nilesh S. Vadhar |
|
Designation : |
Director |
|
Address : |
No.54, Siddarth, 14th Main, 3rd Block
Rajajinagar, Bangalore – 560010, Karnataka, India |
|
Date of Birth/Age : |
09.09.1970 |
|
Date of Appointment : |
02.03.1994 |
|
DIN No.: |
00276584 |
|
|
|
|
Name : |
Mr. Jitendra K. Davda |
|
Designation : |
Director |
|
Address : |
12/11-1, 13th Main Road, 2nd Cross, Central
Excise Layout, Vijayanagar, Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
08.09.1969 |
|
Date of Appointment : |
02.03.1994 |
|
DIN No.: |
00276514 |
|
|
|
|
Name : |
Mrs. Anjana Nileshkumar Vadhar |
|
Designation : |
Director |
|
Address : |
No.54, Siddarth, Opposite Government Milk Booth, 14th Main, 3rd Block Rajajinagar,
Bangalore – 560010, Karnataka, India |
|
Date of Birth/Age : |
20.11.1972 |
|
Date of Appointment : |
22.08.2011 |
|
DIN No.: |
03620021 |
|
|
|
|
Name : |
Mrs. Sonal Jitendra Davda |
|
Designation : |
Director |
|
Address : |
Brindavan, 12/11-1, 16th Main Road, 2nd Cross,
Central Excise Layout, Vijayanagar, Bangalore – 560040, Karnataka, India |
|
Date of Birth/Age : |
26.02.1971 |
|
Date of Appointment : |
22.08.2011 |
|
DIN No.: |
03620024 |
KEY EXECUTIVES
|
Name : |
Ms. Rupa |
|
Designation : |
Account Assistant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 25.07.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Nilesh S. Vadhar |
222500 |
29.67 |
|
Jitendra K. Davda |
222500 |
29.67 |
|
Anjana Nileshkumar Vadhar |
152500 |
20.33 |
|
Sonal Jitendra Davda |
152500 |
20.33 |
|
|
|
|
|
Total |
750000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on : 25.07.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Power and Industrial
Transformers, Voltage, Stabilizers and Power Supply, etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
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|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
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|
Imports : |
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|
Products : |
Raw Material |
|
Countries : |
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Terms : |
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Selling : |
Cash / L\C / Credit |
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|
|
|
Purchasing : |
Cash / L\C / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||||||||||||
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Customers : |
Wholesalers, Retailer and Manufacturer
|
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No. of Employees : |
110 (Approximately) |
||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||
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|
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|
Auditors : |
|
|
Name : |
Mallya and Mallya Chartered Accountants |
|
Address : |
No. 29/2, 1st Floor, Parijatha Complex, Race Course Road,
Bangalore – 560 001, Karnataka, India |
|
Tel. No.: |
91-80-32219142 / 32470785 / 32470787 / 22208934 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFM8893Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on : 25.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750,000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500
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 |
7.500 |
7.500 |
2.500 |
|
(b) Reserves & Surplus |
6.143 |
5.444 |
6.703 |
|
(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) |
13.643 |
12.944 |
9.203 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.564 |
5.840 |
1.079 |
|
(b) Deferred tax liabilities (Net) |
0.377 |
0.542 |
0.445 |
|
(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) |
4.941 |
6.382 |
1.524 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
12.583 |
13.651 |
17.866 |
|
(b) Trade payables |
12.605 |
7.569 |
6.731 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
6.199 |
|
(d) Short-term
provisions |
1.590 |
2.967 |
2.660 |
|
Total Current
Liabilities (4) |
26.778 |
24.187 |
33.456 |
|
|
|
|
|
|
TOTAL |
45.362 |
43.513 |
44.183 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
13.015 |
15.091 |
19.659 |
|
(ii) Intangible Assets |
0.022 |
0.042 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
1.058 |
1.546 |
1.524 |
|
Total Non-Current
Assets |
14.095 |
16.679 |
21.183 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
20.684 |
18.255 |
15.414 |
|
(c) Trade receivables |
5.955 |
4.464 |
2.053 |
|
(d) Cash and cash
equivalents |
1.964 |
0.861 |
3.431 |
|
(e) Short-term loans
and advances |
2.087 |
2.381 |
2.102 |
|
(f) Other current
assets |
0.577 |
0.873 |
0.000 |
|
Total Current Assets |
31.267 |
26.834 |
23.000 |
|
|
|
|
|
|
TOTAL |
45.362 |
43.513 |
44.183 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operation |
107.291 |
123.900 |
88.540 |
|
|
|
Other Income |
NA |
NA |
0.896 |
|
|
|
TOTAL (A) |
NA |
NA |
89.436 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
|
|
61.105 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
|
|
(0.783) |
|
|
|
Employee benefit expenses |
|
|
1.452 |
|
|
|
Other expenses |
|
|
17.591 |
|
|
|
TOTAL (B) |
NA |
NA |
79.365 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
10.071 |
||
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
2.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
8.062 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
|
|
1.720 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.027 |
5.829 |
6.342 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.327 |
2.088 |
1.960 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.700 |
3.741 |
4.382 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
68.619 |
NA |
60.849 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.93 |
4.99 |
175.29 |
|
Expected Sales( 2015 – 16 ) : Rs. 150.000 Million
The above information has been parted by
Mr. Rupa ( Account Assistant ).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
4.564 |
5.840 |
1.079 |
|
Cash generated from operations |
N.A |
N.A |
N.A |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.65 |
3.02 |
4.95 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
0.00 |
0.00 |
11.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.26 |
13.40 |
14.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.45 |
0.69 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.26 |
1.51 |
2.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.11 |
0.69 |
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 |
2.500 |
7.500 |
7.500 |
|
Reserves & Surplus |
6.703 |
5.444 |
6.143 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
9.203 |
12.944 |
13.643 |
|
|
|
|
|
|
long-term borrowings |
1.079 |
5.840 |
4.564 |
|
Short term borrowings |
17.866 |
13.651 |
12.583 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
4.564 |
5.84 |
1.079 |
|
Total borrowings |
23.509 |
25.331 |
18.226 |
|
Debt/Equity ratio |
2.554 |
1.957 |
1.336 |
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 |
88.540 |
123.900 |
107.291 |
|
|
|
39.937 |
(13.405) |
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 |
88.540 |
123.900 |
107.291 |
|
Profit |
4.382 |
3.741 |
0.700 |
|
|
4.95% |
3.02% |
0.65% |
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 |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 three 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loan from
Directors |
|
|
|
Jitendra K Davda |
1.500 |
2.141 |
|
Nilesh S Vadhar |
1.500 |
2.135 |
|
Mrs. Sonal J Davda |
0.050 |
0.050 |
|
Anjana N Vadhar |
1.514 |
1.514 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Working Capital Loan Domestic |
10.058 |
12.479 |
|
Loans and
Advances from related parties |
|
|
|
Jitendra K Davda |
0.624 |
0.344 |
|
Nilesh S Vadhar |
0.627 |
0.344 |
|
Sonal J Davda |
0.571 |
0.191 |
|
Anjana N Vadhar |
0.703 |
0.293 |
|
Total |
17.147 |
19.491 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
|
|
|
|
|
|
|
|
1 |
10513881 |
30/07/2014 |
11,000,000.00 |
Karnataka Bank Ltd. |
RAJAJINAGAR BRANCH,
RAJAJINAGAR, BANGALORE, Karna |
C15641269 |
|
2 |
10433861 |
03/06/2013 |
5,000,000.00 |
Karnataka Bank Ltd. |
RAJAJINAGAR BRANCH,
RAJAJINAGAR, BANGALORE, Karna |
B78293412 |
|
3 |
10149513 |
30/07/2014 * |
22,500,000.00 |
Karnataka Bank Ltd. |
RAJAJINAGAR BRANCH, RAJAJINAGAR,
BANGALORE, Karna |
C15639503 |
|
4 |
10149511 |
04/03/2009 |
750,000.00 |
KARNATAKA BANK LIMITED |
RAJAJINAGAR BRANCH,
RAJAJINAGAR, BANGALORE, Karna |
A59396002 |
|
5 |
10064370 |
20/07/2007 |
5,300,000.00 |
KARNATAKA BANK LIMITED |
RAJAJINAGAR BRANCH,,
RAJAJINAGAR, BANGALORE, Karn |
A21018718 |
FIXED ASSETS
- Plant and Machinery
- Furniture and Fixture
- Vehicles
- Office Equipment
- Computer
- Technical Standard Book
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. 63.86 |
|
|
1 |
Rs. 98.88 |
|
Euro |
1 |
Rs. 70.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JAY |
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 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
NO |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.