MIRA INFORM REPORT
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Report No. : |
322467 |
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Report Date : |
22.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMBIKA WASTE MANAGEMENT PRIVATE LIMITED |
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Registered
Office : |
Plot No L – 154, M. I. D. C., Ahmednagar, Pune – 414111, Maharashtra |
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Tel. No.: |
91-241-2777653 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.09.1994 |
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Com. Reg. No.: |
11-083265 |
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Capital
Investment / Paid-up Capital : |
Rs. 109.805 Million |
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CIN No.: [Company Identification
No.] |
U75124PN1994PTC083265 |
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IEC No.: |
3101002591 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCA6753F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Supplier of Iron Bar, Tmt Bar, Bright Bar, Billets, Steel Billets, Tmt Iron Bars, Tmt Steel Bars, Construction Steel, Ms Ingots, Ms Billets, |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 710000 |
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Status : |
Satisfactory |
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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 satisfactory track record. As per the registrar of companies the data of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to
financial are not available from any source. As per previous financial record of 2013, the company has reported Rs.
140Cr. sales turnover and it has achieved marginal topline growth of 6.82%. Rating also takes into account of company’s established track record
of business operations backed by sound financial profile and extensive
industry experience of its promotors. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of sound operational base backed experienced promotors, the company
can be considered for business dealings at usual trade terms and condition. |
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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
INFORMATION DECLINED BY
|
Name : |
Mr. Sai |
|
Designation : |
Accountant |
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Contact No.: |
91-241-2777653 |
|
Date : |
18.05.2015 |
LOCATIONS
|
Registered Office : |
Plot No L – 154, MIDC, Ahmednagar, Pune – 414111, Maharashtra, India |
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Tel. No.: |
91-241-2777653/ 2778118 |
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Mobile No.: |
91-9422226438 (Mr. Anil Nagargoje) |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Ambadas Santosh Nagargoje |
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Designation : |
Director |
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Address : |
Ahmednagar, Pune - 414111, Maharashtra, India |
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Date of Birth/Age : |
21.06.1956 |
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Date of Appointment : |
24.09.1994 |
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PAN No.: |
AARPN8718K |
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DIN No.: |
00398397 |
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Other Directorship :
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Name : |
Mr. Abasaheb Santosh Nagargoje |
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Designation : |
Director |
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Address : |
Ahmednagar, Pune - 414111, Maharashtra, India |
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Date of Birth/Age : |
01.06.1971 |
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Date of Appointment : |
25.03.1998 |
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PAN No.: |
AAJPN7036L |
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DIN No.: |
00398618 |
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KEY EXECUTIVES
|
Name : |
Mr. Sai |
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Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Iron Bar, Tmt Bar, Bright Bar, Billets, Steel Billets, Tmt Iron Bars, Tmt Steel Bars, Construction Steel, Ms Ingots, Ms Billets, |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
· The Cosmos Co-Operative Bank Limited (Pimpri Branch), 269/270, Shaniwar Peth, Pune - 411030, Maharashtra, India · Ahmednagar Shahar Sahakari Bank Limited, Dr. Chavan Hospital Compound, MIDC Branch,'Arthakam',, Ahmednagar - 414001, Maharashtra, India · Ahmednagar Shahar Sahakari Bank Maryadit, MIDC Branch Ahmednagar - 414111, Maharashtra, India, |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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Name : |
H. M. kale and Associattes Chartered Accountants |
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Address : |
Flat No 4, Kanchan Apartment, Chaitanyanagar,
Nearprofessors Colony, Ahmednagar 414003, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFH0187G |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which are owned, or have
significant influence of or are partners with Key Management personnel and
their relatives |
· Shree Ambika Ispat · Bajarang Re Rolling Mills · Shree Steel Corporation |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,250,000 |
Equity Shares |
Rs. 10/- each |
Rs. 112.500 Million |
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|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,980,500 |
Equity Shares |
Rs. 10/- each |
Rs. 109.805 Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
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|
|
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(a) Share Capital |
|
109.805 |
9.805 |
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(b) Reserves & Surplus |
|
141.140 |
130.399 |
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(c) Money received against share warrants |
|
0.000 |
0.000 |
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|
|
|
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(2) Share
Application money pending allotment |
|
0.134 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
251.079 |
140.204 |
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|
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(3)
Non-Current Liabilities |
|
|
|
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(a) Long-term borrowings |
|
317.954 |
217.007 |
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(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
317.954 |
217.007 |
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|
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(4) Current Liabilities |
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|
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(a)
Short term borrowings |
|
188.602 |
202.614 |
|
(b)
Trade payables |
|
113.953 |
20.938 |
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(c)
Other current liabilities |
|
56.299 |
52.788 |
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(d)
Short-term provisions |
|
8.775 |
14.420 |
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Total
Current Liabilities (4) |
|
367.629 |
290.760 |
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|
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TOTAL |
|
936.662 |
647.971 |
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II.
ASSETS |
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(1) Non-current assets |
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(a)
Fixed Assets |
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|
|
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(i)
Tangible assets |
|
298.686 |
139.097 |
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(ii)
Intangible Assets |
|
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
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(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
6.655 |
6.655 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
|
0.000 |
0.000 |
|
(e)
Other Non-current assets |
|
6.071 |
20.735 |
|
Total
Non-Current Assets |
|
311.412 |
166.487 |
|
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|
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(2) Current assets |
|
|
|
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(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
568.610 |
380.179 |
|
(c)
Trade receivables |
|
25.030 |
34.966 |
|
(d)
Cash and cash equivalents |
|
3.786 |
4.698 |
|
(e)
Short-term loans and advances |
|
(21.238) |
30.610 |
|
(f)
Other current assets |
|
49.062 |
31.031 |
|
Total
Current Assets |
|
625.250 |
481.484 |
|
|
|
|
|
|
TOTAL |
|
936.662 |
647.971 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
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Turnover |
|
1407.828 |
1317.927 |
|
|
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Other Income |
|
0.000 |
0.000 |
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|
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TOTAL |
|
1407.828 |
1317.927 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
1391.232 |
1299.336 |
|
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|
PROFIT/(LOSS)
BEFORE TAX |
|
16.596 |
18.591 |
|
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|
|
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|
Less |
TAX |
|
(5.385) |
(5.763) |
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|
PROFIT/(LOSS)
AFTER TAX |
|
11.211 |
12.828 |
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|
|
|
|
|
Earnings Per
Share (Rs.) |
|
1.02 |
1.17 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
|
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
|
NA |
NA |
|
Cash generated from operations |
|
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
|
0.80 |
0.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
1.78 |
2.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.07 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
2.02 |
2.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.70 |
1.66 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
9.805 |
109.805 |
|
Reserves & Surplus |
130.399 |
141.140 |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.134 |
|
Net
worth |
140.204 |
251.079 |
|
|
|
|
|
long-term borrowings |
217.007 |
317.954 |
|
Short term borrowings |
202.614 |
188.602 |
|
Total
borrowings |
419.621 |
506.556 |
|
Debt/Equity
ratio |
2.993 |
2.018 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1317.927 |
1407.828 |
|
|
|
6.821 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1317.927 |
1407.828 |
|
Profit |
12.828 |
11.211 |
|
|
0.97% |
0.80% |
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 |
No |
|
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 |
Yes |
|
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 |
No |
|
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 |
No |
|
26 |
Turnover of firm for last two years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last two 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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10429558 |
07/05/2013 |
29,999,500.00 |
KOTAK
MAHINDRA BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D,, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA INDIA |
B76502137 |
|
2 |
10412350 |
12/03/2013 |
229,600,000.00 |
THE
COSMOS CO-OPERATIVE BANK LIMITED (PIMPRI BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 41103 |
B70968946 |
|
3 |
10362542 |
23/06/2012 |
1,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B42421537 |
|
4 |
10360928 |
31/05/2012 |
60,000,000.00 |
THE COSMOS
CO-OPERATIVE BANK LIMITED (PIMPRI BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 41103 |
B41755281 |
|
5 |
10365932 |
30/05/2012
* |
20,500,000.00 |
AHMEDNAGAR
SHAHAR SAHAKARI BANK LIMITED |
DR.CHAVAN
HOSPITAL COMPOUND, MIDC BRANCH, 'ARTHAKAM', AHMEDNAGAR - 414001, MAHARASHTRA, INDIA |
B44306058 |
|
6 |
10357618 |
25/04/2012 |
50,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B40377475 |
|
7 |
10316862 |
19/10/2011 |
20,000,000.00 |
THE
COSMOS CO-OPERATIVE BANK LIMITED (PIMPRI BRANCH) |
269/
270,, SHANIWAR PETH,, PUNE - 41 |
B25014168 |
|
8 |
10297905 |
15/07/2011 |
100,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI - 400021, MAHARASHTRA, INDIA |
B17100165 |
|
9 |
10295018 |
08/07/2011 |
13,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B16124711 |
|
10 |
10233616 |
28/07/2010 |
30,000,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, MUMBAI - 400021, MAHARASHTRA, INDIA |
A91798025 |
|
11 |
10234611 |
08/07/2010 |
1,000,000.00 |
THE
COSMOS CO-OPERATIVE BANK LTD (PIMPRI BRANCH) |
260/270,,
SHANIWAR PETH, PUNE - 4110 |
A92268994 |
|
12 |
10224683 |
29/05/2010 |
10,000,000.00 |
KOTAK MAHINDRA
BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D, NARIMAN POINT, MUMBAI - 400021,, MAHARASHTRA INDIA |
A87640777 |
|
13 |
10224686 |
26/05/2010 |
5,000,000.00 |
THE
COSMOS CO-OPERATIVE BANK LIMITED (PIMPRI BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 41103 |
A87665337 |
|
14 |
10110840 |
27/01/2011
* |
22,500,000.00 |
THE
COSMOS CO-OPERATIVE BANK LIMITED ( PIMPRI BRANCH ) |
269/270,
SHANIWAR PETH, PUNE - 41103 |
B06091169 |
|
15 |
10108768 |
12/03/2013
* |
730,000,000.00 |
THE
COSMOS CO-OPERATIVE BANK LIMITED (PIMPRI BRANCH) |
269/270,
SHANIWAR PETH, PUNE - 41103 |
B70967963 |
|
16 |
10052170 |
17/09/2006 |
19,500,000.00 |
AHMEDNAGAR
SHAHAR SAHAKARI BANK MARYADIT |
MIDC BRANCH,
AHMEDNAGAR - 414111, MAHARASHTRA, INDIA |
A08457178 |
|
17 |
10119500 |
28/02/2006 |
800,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
418-124
SOHRAB HALL, 21 SASOON ROAD, ABOVE CROSS WORD, PUNE - 411001,
MAHARASHTRA, INDIA |
A01021039 |
|
18 |
10119498 |
28/02/2006 |
4,800,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
418-424,
SHORAB HALL, 21, SASSON ROAD, PUNE - 411001, MAHARASHTRA, INDIA |
A00997635 |
|
19 |
10119499 |
28/02/2006 |
4,800,000.00 |
KOTAK
MAHINDRA BANK LIMITED |
418-424,
SHORAB HALL, 21, SASSON ROAD, ABOVE CROS |
A00998211 |
|
20 |
90082681 |
01/11/2000 |
1,665,000.00 |
BANK OF
BARODA |
MIDC
BRANCH, AHMEDNAGAR, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from others |
200.468 |
92.275 |
|
Total |
200.468 |
92.275 |
FIXED ASSETS:
· Land
· Buildings
· Plant and Equipment
· Factory Equipments
· Other Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Other 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. 63.70 |
|
|
1 |
Rs. 98.92 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAY |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.