MIRA INORM REPORT
|
Report No. : |
339199 |
|
Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
ELITE CONDUCTORS LIMITED (w.e.f.06.04.2015) |
|
|
|
|
Formerly Known
As : |
ELITE CONDUCTORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
18-19, Changodar Industrial Estate, Part-II, Sarkhej-Bavla Highway,
Changodar, Ahmedabad – 382213, Gujarat |
|
Tel. No.: |
91-2717-250703 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.03.2006 |
|
|
|
|
Com. Reg. No.: |
04-047953 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.950 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31909GJ2006PLC047953 |
|
|
|
|
IEC No.: |
0807014486 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Importer and Trader of Rectifier conductor,
transformer industry paper covered copper strip, copper wire strip with
insulation, copper conductor. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 20th March 2006 and it is an
established company having satisfactory track record. General financial position of the company seems to be sound and
healthy backed by established track record of the company and experienced
promoters. Trade relations are fair. Business is active. Payment terms 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
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
31-03-2013.
INFORMATION DECLINED BY
|
Name : |
Mr. Dharmesh Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9327177880 |
|
Date : |
02.09.2015 |
|
Name : |
Mr. Puspendra Bhatt |
|
Designation : |
Manager |
|
Contact No.: |
91-9033013385 |
|
Date : |
02.09.2015 |
LOCATIONS
|
Registered/ Administrative Office/ Factory : |
18-19, Changodar Industrial Estate, Part-II, Sarkhej-Bavla Highway,
Changodar, Ahmedabad – 382213, Gujarat, India |
|
Tel. No.: |
91-2717-250703 |
|
Mobile No.: |
91-9327177880 (Mr. Dharmesh Shah) 91-9033013385 (Mr. Puspendra Bhatt) |
|
Fax No.: |
91-2717-250702 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Dharmesh Kanubhai Shah |
|
Designation : |
Managing director |
|
Address : |
A-4, Devdarshani Apartments, Opposite Opera Society, New Vikas Gruh Road,
Paldi, Ahmedabad – 380007, Gujarat, India
|
|
Date of Birth/Age : |
20.03.1971 |
|
Date of Appointment : |
20.03.2006 |
|
DIN No.: |
00009162 |
|
|
|
|
Name : |
Mr. Kanubhai Shantilal Shah |
|
Designation : |
Director |
|
Address : |
A-4, Devdarshani Apartments, Opposite Opera Society, New Vikas Gruh
Road, Paldi, Ahmedabad – 380007, Gujarat, India |
|
Date of Birth/Age : |
17.11.1942 |
|
Date of Appointment : |
20.03.2006 |
|
DIN No.: |
00009127 |
|
|
|
|
Name : |
Mr. Jiten Hasmukhbhai Shah |
|
Designation : |
Director |
|
Address : |
403, Riya Residency, Behind Maniratnam Bunglow,
Part-1,Vasna, Ahmedabad - 380007, Gujarat, India |
|
Date of Appointment : |
10.03.2015 |
|
DIN No.: |
07112806 |
|
|
|
|
Name : |
Mr. Mukesh Hiralal Shah |
|
Designation : |
Director |
|
Address : |
17,Shetrunjay Society, Shantivan, Paldi, Ahmedabad -
380007, Gujarat, India |
|
Date of Appointment : |
10.03.2015 |
|
DIN No.: |
07111407 |
|
|
|
|
Name : |
Pilak Rajendra Shah |
|
Designation : |
Director |
|
Address : |
C/289, Manekbaug Society, B/H Manekbaug Hall, Ambawadi,,
Ahmedabad - 380006, Gujarat, India |
|
Date of Appointment : |
04.03.2015 |
|
DIN No.: |
00407960 |
|
|
|
|
Name : |
Mr. Prashant Kamleshbhai Shah |
|
Designation : |
Director |
|
Address : |
257 Manekbag Society, Ellisbridge Ambawadi, Ahmedabad -
380015, Gujarat, India |
|
Date of Appointment : |
04.03.2015 |
|
DIN No.: |
00233808 |
|
|
|
|
Name : |
Amita Dharmesh Shah |
|
Designation : |
Additional director |
|
Address : |
A/4, Dev Darshini Apartments, Near Opera Society, New
Vikas Gruh Road, Paldi, Ahmedabad - 380007, Gujarat, India |
|
Date of Appointment : |
25.05.2015 |
|
DIN No.: |
07175790 |
KEY EXECUTIVES
|
Name : |
Mr. Upendrakumar Chandrakant Shah |
|
Designation : |
Chief Finance Officer |
|
Address : |
M-68/405, Pragatinagar, Opposite Vardan Tower, Naranpura,
Ahmedabad - 380013, Gujarat, India |
|
Date of Appointment : |
04.03.2015 |
|
PAN No.: |
ALIPS5054K |
|
|
|
|
Name : |
Mr. Sourabh Vijay Kumar Patawari |
|
Designation : |
Secretary |
|
Address : |
E- 402, Tulip Citadel Flats, Near Manekbaug Hall, Ambawadi, Ahmedabad - 380015, Gujarat, India |
|
Date of Appointment : |
23.06.2015 |
|
PAN No.: |
ARPPP6397P |
|
|
|
|
Name : |
Mr. Puspendra Bhatt |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Kanubhai Shantilal Shah |
125000 |
12.56 |
|
Dharmesh Kanubhai Shah |
506000 |
50.85 |
|
Falguni Kanubhai Shah |
21000 |
2.11 |
|
Bhumika Kanubhai Shah |
21000 |
2.11 |
|
Sunandaben Kanubhai Shah |
21000 |
2.11 |
|
Amita Dharmesh Shah |
301000 |
30.25 |
|
Total |
995000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Trader of Rectifier conductor,
transformer industry paper covered copper strip, copper wire strip with
insulation, copper conductor. |
|
|
|
|
Products : |
|
|
|
|
|
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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|
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Terms : |
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Selling : |
Not Divulged |
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|
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Purchasing : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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||||||||||||||||||||||
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||||||||||||||||||||||
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Facilities : |
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Auditors : |
|
|
Name : |
C P Shah and Company Chartered Accountants |
|
Address : |
403 Ashwamegh House 5, Smruti Kunj Society Swastik Char Rasta
Navrangpura, Ahmedabad – 380009, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ACBPS8919F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Other related party : |
Vardhman Stamping Private Limited |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs. 12.500 Million
Issued, Subscribed & Paid-up Capital : Rs. 10.950 Million
AS ON 31.03.2014
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 |
|
|
|
|
|
|
995,000 |
Equity Shares |
Rs. 10/- each |
Rs. 9.950
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 |
9.950 |
9.950 |
0.160 |
|
(b) Reserves & Surplus |
2.545 |
1.962 |
1.123 |
|
(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) |
12.495 |
11.912 |
1.283 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
23.485 |
10.605 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
3.378 |
0.528 |
0.337 |
|
(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) |
26.863 |
11.133 |
0.337 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
10.734 |
6.577 |
17.489 |
|
(b) Trade payables |
2.769 |
0.067 |
0.098 |
|
(c) Other current liabilities |
0.200 |
0.162 |
0.214 |
|
(d) Short-term provisions |
0.855 |
0.557 |
0.364 |
|
Total
Current Liabilities (4) |
14.558 |
7.363 |
18.165 |
|
|
|
|
|
|
TOTAL |
53.916 |
30.408 |
19.785 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
31.118 |
10.962 |
6.709 |
|
(ii) Intangible Assets |
0.001 |
0.003 |
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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
31.119 |
10.965 |
6.709 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
4.307 |
3.947 |
2.620 |
|
(c) Trade receivables |
12.424 |
9.728 |
5.264 |
|
(d) Cash and cash equivalents |
0.087 |
0.148 |
0.540 |
|
(e) Short-term loans and
advances |
5.979 |
5.620 |
4.652 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
22.797 |
19.443 |
13.076 |
|
|
|
|
|
|
TOTAL |
53.916 |
30.408 |
19.785 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Net Sales |
131.136 |
79.175 |
38.095 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.370 |
1.920 |
1.022 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
0.727 |
0.464 |
0.419 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.643 |
1.456 |
0.603 |
|
|
|
|
|
|
|
Less |
TAX |
3.098 |
0.466 |
0.228 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.545 |
0.990 |
0.375 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
2.113 |
1.123 |
0.748 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
5.757 |
2.113 |
1.123 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTED MATERIAL |
2.681 |
4.055 |
4.075 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.55 |
0.99 |
23.41 |
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 (used in) Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.76 |
4.79 |
3.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.12 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.74 |
1.44 |
13.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.57 |
2.64 |
0.72 |
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 |
0.160 |
9.950 |
9.950 |
|
Reserves & Surplus |
1.123 |
1.962 |
2.545 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
1.283 |
11.912 |
12.495 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
10.605 |
23.485 |
|
Short term borrowings |
17.489 |
6.577 |
10.734 |
|
Total
borrowings |
17.489 |
17.182 |
34.219 |
|
Debt/Equity
ratio |
13.631 |
1.442 |
2.739 |
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) |
|
Net Sales |
38.095 |
79.175 |
131.136 |
|
|
|
107.836 |
65.628 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Net Sales |
38.095 |
79.175 |
131.136 |
|
Profit |
0.375 |
0.990 |
0.545 |
|
|
0.98% |
1.25% |
0.42% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
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 |
REVIEW OF OPERATIONS
During the, their company achieved net sales turnover of Rs. 131.136 Million compared to previous year figure of Rs. 79.175 Million. The profit before depreciation and tax has increased to Rs. 4.370 Million from Rs. 1.920 Million. The net profit after tax has increased (Decreased) to Rs. 0.990 Million form Rs. 0.375 Million. At the end of the year, company’s reserves stood at Rs. 2.113 Million (Previous year Rs. 1.123) and earnings per share stood at Rs. 3.17/- per share (Previous year Rs. 0.19 /- per share).
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10385439 |
10/03/2014 * |
41,000,000.00 |
STATE BANK OF INDIA |
SME BRANCH, CHANGODAR, CHANGODAR, AHMEDABAD, GUJA |
C00923433 |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits From Directors |
5.327 |
1.551 |
|
From Shareholders and Others |
9.703 |
7.860 |
|
Total |
15.030 |
9.411 |
FIXED ASSETS:
- Air conditioner
- Air Cooler
- Building
- Motor Car
- Cycle
- Electrical Fitting
- Factory Building
- Refrigerator
- Mobile Phone
- Plant and Machinery
- Transformer
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. 66.23 |
|
|
1 |
Rs. 101.22 |
|
Euro |
1 |
Rs. 74.33 |
INFORMATION DETAILS
|
Information Gathered
by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
KVT |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.