MIRA INFORM REPORT
|
Report No. : |
349165 |
|
Report Date : |
10.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ASPEE AGRO EQUIPMENT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Off Chikadi Road, Antalsivilage, Bilimore District, Baroda – 396321,
Gujarat |
|
Tel. No.: |
91-2634-284488/ 283591/ 284502 |
|
|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
12.05.1972 |
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|
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Com. Reg. No.: |
04-002087 |
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Capital
Investment / Paid-up Capital : |
Rs. 9.000 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U29219GJ1972PTC002087 |
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|
|
|
IEC No.: |
0388096080 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACA8980G |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer and Importer of Agriculture Equipments and Implement. |
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|
|
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (60) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated on 12th May, 1972. It has fine
track record. The company possesses a healthy profile marked by adequate networth
base along with fair liquidity, It possesses a decent profile marked by
adequate networth base along with fair liquidity. Trade relations are fair. Business is active. Payment are reported to
be regular. The company can be considered normal for business dealings 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Dilip |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-2882233 |
|
Date : |
07.11.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Off Chikadi Road, Antalsivilage, Bilimore District, Baroda – 396321,
Gujarat, India |
|
Tel. No.: |
91-2634-284488/ 283591/ 284502 |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Head Office : |
Aspee House, B. J Patel Road, Malad (West), Mumbai - 400064,
Maharashtra, India |
|
Tel. No.: |
91-22-67745700/ 28822331 to 35 |
|
Fax No.: |
91-22-28822336 |
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E-Mail : |
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Branch Office : |
Located at:
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Factory 2 : |
Located At :
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DIRECTORS
As on: 27.09.2014
|
Name : |
Mr. Rajeev Kiran Patel |
|
Designation : |
Director |
|
Address : |
Shakil, Ramchandra Lane, Bhailalbhai Javerbhai Patel Marg, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
12.03.1973 |
|
Date of Appointment : |
22.06.1996 |
|
DIN No.: |
00092840 |
|
|
|
|
Name : |
Mr. Sharadchandra Lallubhai Patel |
|
Designation : |
Director |
|
Address : |
Plot No. I, Adarsh Society, Near Mahila College, Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
25.11.1933 |
|
Date of Appointment : |
12.05.1970 |
|
DIN No.: |
00092896 |
|
|
|
|
Name : |
Mr. Jatin Sharadchandra Patel |
|
Designation : |
Director |
|
Address : |
Plot No. I, Adarsh Society, Near Mahila College, Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
23.02.1971 |
|
Date of Appointment : |
22.06.1996 |
|
DIN No.: |
00093015 |
|
|
|
|
Name : |
Mr. Hiten Chandrakant Patel |
|
Designation : |
Director |
|
Address : |
Alka Building, Ground Floor, Block No. A-36, Marve Road, Malad (West), Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
19.04.1975 |
|
Date of Appointment : |
08.10.1998 |
|
DIN No.: |
00093088 |
|
|
|
|
Name : |
Mr. Pradipbhai Jayvantbhai Desai |
|
Designation : |
Director |
|
Address : |
65, Sarjan Society, Opposite Sargam Shopping Centre, Athwalines, Surat – 395007, Gujarat, India |
|
Date of Birth/Age : |
17.10.1944 |
|
Date of Appointment : |
23.10.1973 |
|
DIN No.: |
00093410 |
|
|
|
|
Name : |
Mr. Kiran Lallubhai Patel |
|
Designation : |
Director |
|
Address : |
Shakil Bunglow, Ramchandra Lane, Marve Road Extension, Malad (West). Mumbai – 400064, Maharashtra, India |
|
Date of Birth/Age : |
22.09.1943 |
|
Date of Appointment : |
28.03.2006 |
|
DIN No.: |
00101421 |
|
|
|
|
Name : |
Mr. Jayantibhai Patel |
|
Designation : |
Director |
|
Address : |
Shruhad Viharm, Khodiyar Road. Anand – 388001, Gujarat, India |
|
Date of Birth/Age : |
26.03.1942 |
|
Experience : |
15.05.1972 |
|
DIN No.: |
02639159 |
KEY EXECUTIVES
|
Name : |
Mr. Dilip |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2014
SHAREHOLDING LIST ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2014
|
Category |
Percentage |
|
|
|
|
Bodies corporate |
2.93 |
|
Directors or relatives of Directors |
76.86 |
|
Other top fifty shareholders |
20.21 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Agriculture Equipments and Implement. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Facilities : |
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Financial Institution : |
Tourism Finance Corporation Of India Limited, 13th Floor, IFCI Tower,
61 Nehru Place, Opposite Nehru Police Station, Nehru Place, Delhi - 110019,
India |
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|
|
|
Auditors : |
|
|
Name : |
V. B. Goel and Company Chartered Accountants |
|
Address : |
Flat No. 2 and 3 , Ajay Apartment, Kasturba Cross Road, Malad (West),
Mumbai – 400064, Maharashtra, India |
|
Tel. No.: |
91-22-28441350/ 28441351 |
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Website : |
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PAN No.: |
AAHFV3222E |
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
Associate |
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CAPITAL STRUCTURE
As on: 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
115000 |
Equity Shares |
Rs.100/- each |
Rs.11.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.100/-
each |
Rs. 9.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
9.000 |
9.000 |
7.000 |
|
(b) Reserves & Surplus |
505.211 |
457.811 |
294.849 |
|
(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) |
514.211 |
466.811 |
301.849 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
201.722 |
248.849 |
185.603 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.985 |
0.190 |
|
(c) Other long term
liabilities |
28.793 |
20.787 |
15.837 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
230.515 |
270.621 |
201.630 |
|
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
13.073 |
0.350 |
9.185 |
|
(b) Trade
payables |
24.343 |
21.059 |
18.147 |
|
(c) Other
current liabilities |
32.812 |
36.684 |
45.193 |
|
(d) Short-term
provisions |
63.528 |
66.666 |
56.368 |
|
Total Current
Liabilities (4) |
133.756 |
124.759 |
128.893 |
|
|
|
|
|
|
TOTAL |
878.482 |
862.191 |
632.372 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
27.798 |
32.739 |
26.678 |
|
(ii)
Intangible Assets |
0.576 |
0.421 |
0.043 |
|
(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 |
164.411 |
208.709 |
155.009 |
|
(c) Deferred tax assets (net) |
1.221 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.168 |
19.761 |
10.556 |
|
(e) Other
Non-current assets |
20.842 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
230.016 |
261.630 |
192.286 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
202.348 |
194.369 |
117.892 |
|
(c) Trade
receivables |
36.382 |
55.888 |
44.385 |
|
(d) Cash
and cash equivalents |
392.692 |
323.454 |
254.578 |
|
(e)
Short-term loans and advances |
17.044 |
26.850 |
23.231 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
648.466 |
600.561 |
440.086 |
|
|
|
|
|
|
TOTAL |
878.482 |
862.191 |
632.372 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
705.688 |
835.802 |
|
|
|
|
Other Income |
45.213 |
45.980 |
|
|
|
|
TOTAL (A) |
750.901 |
881.782 |
717.980 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
423.253 |
570.014 |
|
|
|
|
Purchases of Stock-in-Trade |
12.555 |
2.574 |
|
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.718) |
(36.287) |
|
|
|
|
Operating Expenses |
49.869 |
57.772 |
|
|
|
|
Employees benefits expense |
37.823 |
35.541 |
|
|
|
|
Other expenses |
84.955 |
81.281 |
|
|
|
|
TOTAL
(B) |
606.737 |
710.895 |
602.007 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
144.164 |
170.887 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
31.287 |
36.570 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION (C-D) (E) |
112.877 |
134.317 |
|
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
10.716 |
6.157 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
102.161 |
128.160 |
115.973 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
36.112 |
43.703 |
77.551 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
66.049 |
84.457 |
38.422 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
NA |
0.046 |
0.000 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Equipment and Spares parts |
NA |
4.252 |
12.465 |
|
|
TOTAL IMPORTS |
NA |
4.252 |
12.465 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
733.88 |
938.41 |
1107.88 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
14.779 |
112.501 |
|
Net Cash flows from operating activities |
NA |
128.160 |
115.973 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.36 |
10.10 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
20.43 |
20.45 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.33 |
19.61 |
24.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.27 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.42 |
0.53 |
0.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.85 |
4.81 |
3.41 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
7.000 |
9.000 |
9.000 |
|
Reserves & Surplus |
294.849 |
457.811 |
505.211 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
301.849 |
466.811 |
514.211 |
|
|
|
|
|
|
long-term borrowings |
185.603 |
248.849 |
201.722 |
|
Short term borrowings |
9.185 |
0.420 |
13.073 |
|
Total borrowings |
194.788 |
249.269 |
214.795 |
|
Debt/Equity ratio |
0.645 |
0.534 |
0.418 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
717.980 |
881.782 |
750.901 |
|
|
|
22.814 |
(14.843) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
717.980 |
881.782 |
750.901 |
|
Profit |
38.422 |
84.457 |
66.049 |
|
|
5.35% |
9.58% |
8.80% |
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 |
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) |
Yes |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
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 |
AMALGAMATION
SCHEME:
- The Scheme of amalgamation and arrangement among Agro Equipment
Private Limited and Aspee Plant Protection Appliances Private Limited
(APPA) was sanctioned by the High Court of Ahmedabad vide its order dated
October 28, 2013. The scheme became effective on November 27, 2014.
The above scheme has been given effect into the financial statements for the year ended March 31, 2014.
- Aspee Plant Protection Appliances Private Limited was engaged in
the manufacturing of spare parts of plant protection equipments.
- In accordance with the scheme
I. APPA stands dissolved without winding up with effect from April 01, 2011, on effective the date.
II. The company has issued 20000 equity shares of Rs. 100 each fully paid up to Aspee Plant Protection Appliances Private Limited in Consideration for the merger.
III. All assets, debts and liabilities of APPA have been deemed transferred to and casted in the company with effect from April 01, 2011.
IV. APPA carried on the business for and on behalf of the company for the period from the appointed date to the effective date, in trust as per the scheme.
D.
The merger has been accounted as under:
I. In accordance with the scheme, the assets and liabilities of APPA as at April 01, 2011 along with subsequent addition/detection up to March 31, 2013 have been recorded at their book values. Further in Accordance with the scheme excess of book values of assets over liabilities of APPA amounting to Rs. 92.800 Million has been credited to capital reserve of the company.
II. In terms of the scheme inter-company balances between APPA and the company as at effective date been cancelled.
III. The profits of APPA during the period April 01, 2011 to March 31, 2013 have been transferred to surplus in statement of profit and loss of the Company. The operations of APPA during the year have been accounted for in the current year’s statement of profit and loss of the company.
UNSECURED LOAN
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long Term
Borrowing |
|
|
|
Loan from relatives parties |
NA |
248.849 |
|
Total |
NA |
248.849 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Freehold Land
- Factory
Premises
- Rest House
- Sales Depot
- Plant and
Machinery
- Computer
Hardware
- Computer
Software
- Vehicles
- Furniture and
Fixtures
- Air
Conditioner
- Office
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.66.34 |
|
|
1 |
Rs.100.03 |
|
Euro |
1 |
Rs.71.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
60 |
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.