MIRA INFORM REPORT
|
Report No. : |
346503 |
|
Report Date : |
29.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
ELMEX CONTROLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12, GIDC Estate, Makarpura Road , Vadodara - 390010, Gujarat |
|
Tel. No.: |
91-265-2642021/23 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.05.1973 |
|
|
|
|
Com. Reg. No.: |
04-002273 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.192 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32201GJ1973PTC002273 |
|
|
|
|
IEC No.: |
0888013884 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDE00120B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACE4965H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing and sale of Rail Mounted Clip-On
type Terminal Blocks for the Switchgear Industry |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 375000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an old and well-established company incorporated in the
year 1973 having satisfactory track. It is pioneer in the field of Electrical Wire Termination Technology
in India and is engaged in manufacturing and sale of Rail Mounted Clip-On
type Terminal Blocks for the Switchgear Industry. As per financial of the year
2014, company has reported growth in its revenue profile by which resulted to
rise in net profit of the company during a year under a review. Rating also considers company’s healthy financial risk profile
supported by its adequate networth base, comfortable liquidity position and
low debt balance sheet profile of the company. Trade relations re fair.
Business is active. Payment are reported to be usually correct. The company can be considered 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.
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Prashant |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-265-2642021 |
|
Date : |
23.10.2015 |
LOCATIONS
|
Registered Office/Head Office : |
12, GIDC Estate, Makarpura Road, Vadodara - 390010, Gujarat, India |
|
Tel. No.: |
91-265-2642021/23 |
|
Fax No.: |
91-265-2638646 |
|
E-Mail : |
marketing@elmex.net sjjoshi@elmex.net |
|
Website: |
www.elmex.net |
|
|
|
|
Factory 1: |
59, GIDC Estate, Makarpura Road, Vadodara - 390010, Gujarat, India |
|
|
|
|
Factory 2: |
Survey No. 1266, Block No. 1265, Station Road, Itola, Vadodara -
391240, Gujarat, India |
|
|
|
|
Authorised Dealers: |
Located at:
|
|
|
|
|
Resident Engineers: |
Located at
|
|
|
|
DIRECTORS
As on 21.07.2014
|
Name : |
Mr. Jayantilal Dhanjibhai Ray |
|
Designation : |
Managing Director |
|
Address : |
3, Shantivan Society, Makarpura Road, Vadodara - 390010, Gujarat, India |
|
Date of Appointment : |
10.05.1973 |
|
DIN No.: |
00183255 |
|
|
|
|
Name : |
Mr. Shashikant Janardan Joshi |
|
Designation : |
Director |
|
Address : |
E-203, Kunj-Resi-Cum-Plaza, Palace Road, Near Polo Club, Vadodara - 390001, Gujarat, India |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00183177 |
|
|
|
|
Name : |
Mrs. Manjulaben Jayantilal Ray |
|
Designation : |
Director |
|
Address : |
3, Shantivan Society, Behind Susen Tex, Makarpura, Vadodara - 390010, Gujarat, India |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00183384 |
|
|
|
|
Name : |
Mr. Amarnath Laxminath Shastri |
|
Designation : |
Director |
|
Address : |
4, Shreeji Nagar,, Vasna Road, J.P. Road,, Vadodara - 390015, Gujarat, India |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00183552 |
|
Other Directorship: |
|
|
|
|
|
Name : |
Mr. Vipul Jayantilal Ray |
|
Designation : |
Director |
|
Address : |
3, Shantivan Society, Makarpura Road, Vadodara - 390010, Gujarat, India |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00183835 |
|
|
|
|
Name : |
Jignesha Vipul Ray |
|
Designation : |
Director |
|
Address : |
3, Shantivan Society, Makarpura Road, Vadodara - 390010, Gujarat, India |
|
Date of Appointment : |
10.06.2008 |
|
DIN No.: |
00183905 |
|
|
|
|
Name : |
Mrs. Jigisha Amrish Shastri |
|
Designation : |
Director |
|
Address : |
4, Shreeji Nagar, Vasna Road, J. P. Road, Vadodara - 390015, Gujarat, India |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00187920 |
KEY EXECUTIVES
|
Name : |
Mr. Prashant |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 21.07.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Jayantilal Dhanjibhai Ray and Manjulaben Jayantilal Ray |
38970 |
54.19 |
|
Manjulaben Jayantilal Ray and J D Ray |
32950 |
45.81 |
|
Total |
71920 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 21.07.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and sale of Rail Mounted Clip-On
type Terminal Blocks for the Switchgear Industry |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
|
||||||||||||||||||||||
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||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
|
|
|
Auditors : |
|
|
Name : |
Talati and Talati Chartered Accountants |
|
Address : |
501, Race Course Towers, Race Course Circle, (South), Vadodara -
390007, Gujarat, India |
|
Tell No.: |
91-265-3058025/26/27/28/29 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFT4520A |
|
Email: |
baroda@ talatiandtalati.com |
|
Website: |
www.talatiandtalati.com |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Related Parties (Promoter Group Company) : |
|
CAPITAL STRUCTURE
As on 21.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
71920 |
Equity Shares |
Rs.10/- each |
Rs. 7.192
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 |
7.192 |
7.192 |
7.192 |
|
(b) Reserves & Surplus |
124.048 |
107.957 |
92.378 |
|
(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) |
131.240 |
115.149 |
99.570 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
46.855 |
47.649 |
59.368 |
|
(b) Deferred tax liabilities (Net) |
2.527 |
3.055 |
3.119 |
|
(c) Other long term
liabilities |
0.899 |
1.148 |
1.207 |
|
(d) long-term
provisions |
0.711 |
0.483 |
0.333 |
|
Total Non-current
Liabilities (3) |
50.992 |
52.335 |
64.027 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
12.408 |
16.093 |
16.739 |
|
(b) Trade
payables |
27.588 |
19.566 |
29.228 |
|
(c) Other
current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
7.095 |
7.714 |
6.176 |
|
Total Current
Liabilities (4) |
47.091 |
42.373 |
52.143 |
|
|
|
|
|
|
TOTAL |
229.323 |
210.857 |
215.740 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
68.703 |
69.061 |
66.267 |
|
(ii)
Intangible Assets |
0.606 |
0.520 |
0.781 |
|
(iii)
Capital work-in-progress |
1.060 |
0.682 |
0.588 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.131 |
0.131 |
0.131 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.272 |
2.307 |
1.518 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
71.772 |
72.701 |
69.285 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
58.303 |
53.591 |
45.475 |
|
(c) Trade
receivables |
84.727 |
76.101 |
87.050 |
|
(d) Cash
and cash equivalents |
10.276 |
5.383 |
7.652 |
|
(e)
Short-term loans and advances |
4.245 |
3.081 |
6.278 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
157.551 |
138.156 |
146.455 |
|
|
|
|
|
|
TOTAL |
229.323 |
210.857 |
215.740 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
336.798 |
306.348 |
334.134 |
|
|
Other Income |
2.967 |
3.897 |
4.395 |
|
|
TOTAL
|
339.765 |
310.245 |
338.529 |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
292.774 |
264.181 |
287.319 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
46.991 |
46.064 |
51.210 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.529 |
10.846 |
11.838 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
38.462 |
35.218 |
39.372 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
11.430 |
9.157 |
8.280 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
27.032 |
26.061 |
31.092 |
|
|
|
|
|
|
|
Less |
TAX |
9.259 |
8.800 |
20.787 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
17.773 |
17.261 |
10.305 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
4.601 |
4.601 |
4.141 |
|
|
Components and Stores parts |
0.000 |
0.000 |
0.267 |
|
|
Capital Goods |
0.000 |
0.000 |
1.535 |
|
|
TOTAL
IMPORTS |
4.601 |
4.601 |
5.943 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
247.12 |
240.00 |
143.28 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.28 |
5.63 |
3.08 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
13.95 |
15.04 |
15.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.85 |
12.41 |
14.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.23 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.54 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.35 |
3.26 |
2.81 |
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 |
7.192 |
7.192 |
7.192 |
|
Reserves & Surplus |
92.378 |
107.957 |
124.048 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
99.570 |
115.149 |
131.240 |
|
|
|
|
|
|
long-term borrowings |
59.368 |
47.649 |
46.855 |
|
Short term borrowings |
16.739 |
15.093 |
12.408 |
|
Total
borrowings |
76.107 |
62.742 |
59.263 |
|
Debt/Equity
ratio |
0.764 |
0.545 |
0.452 |
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 |
334.134 |
306.348 |
336.798 |
|
|
|
(8.316) |
9.940 |
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 |
334.134 |
306.348 |
336.798 |
|
Profit |
10.305 |
17.261 |
17.773 |
|
|
3.08% |
5.63% |
5.28% |
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 |
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 |
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and Advance from related parties (of the above NIL is guaranteed by Director of the company) |
46.855 |
47.649 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Loans and Advance from Related Parties (of the above NIL is guaranteed by Director of the company) |
11.714 |
11.912 |
|
Total |
58.569 |
59.561 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10546815 |
20/01/2015 |
20,000,000.00 |
IDBI BANK
LIMITED |
SHOP NO 5 TO 13
KABIR PLAZA, NEAR KABIR COMPLEX,, |
C42327619 |
|
2 |
10109128 |
30/06/2008 |
29,000,000.00 |
STATE BANK OF
INDIA |
MAKARPURA, IE
BRANCH,, BARODA, BARODA- |
A40912784 |
|
3 |
10107340 |
28/10/2009 * |
34,000,000.00 |
STATE BANK OF
INDIA |
MAKARPURA IE,
1ST FLOOR VCCI BUILDING, VADODARA- 390010, |
A72579451 |
FIXED ASSETS
- Land
- Factory
Building
- Plan and
Machinery
- Tools
- Electrical
Installation
- Furniture and
Fixture
- Plastic Mould
- Office
Equipment
- Computer
- Air
Conditioner
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 records 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.65.04 |
|
|
1 |
Rs.99.58 |
|
Euro |
1 |
Rs.71.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.