MIRA INFORM REPORT
|
Report No. : |
340841 |
|
Report Date : |
14.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
GLOBAL COPPER LIMITED |
|
|
|
|
Registered
Office : |
Survey No 65-66 Village: Garadia, Jarod Samlaya Road, Taluka Savli,
District Vadodara – 391520, Gujarat |
|
Tel. No.: |
91-2667-292990 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.07.2010 |
|
|
|
|
Com. Reg. No.: |
04-061756 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 10.768 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27201GJ2010PLC061756 |
|
|
|
|
IEC No.: |
3410002685 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCG8880G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Copper Pipes and Tubes. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 320000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 2010. It
is engaged in the business of manufacturing and importing of copper pipes and
tubes. It has a satisfactory track record. For the financial year 2014, the company has healthy operational
activity marked by good top line growth and decent revenue profile along with
thin profitability margin of 0.4%. Further, the company possesses decent financial risk profile and
efficient net worth position. The company has a combination of young and experienced directors,
which will result to good experience of directors and innovative minds. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of healthy financial risk profile, 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 PARTED BY
|
Name : |
Mr. Jignesh Shah |
|
Designation : |
Accountant |
|
Contact No.: |
91-8238037602 |
|
Date : |
14.09.2015 |
LOCATIONS
|
Registered Office / Warehouse : |
Survey No 65-66 Village: Garadia, Jarod Samlaya Road, Taluka Savli,
District Vadodara – 391520, Gujarat,
India |
|
Tel. No.: |
91-2667-292990 |
|
Mobile No.: |
91-9376218378 (Mr. Hitesh) 91-8238037602 (Mr. Jignesh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Hitesh Laxmichand Vaghela |
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|
Designation : |
Director |
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|
Address : |
13, Shakti Krupa Society, R. V. Desai, Vadodara - 390001,
Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.08.1977 |
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|
Date of Appointment : |
30.09.2014 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00030133 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
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|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Manoj Satyanarayan Jethaliya |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
15, Vikramsuri Appartment, Vadaj, Usmanpura, Ahmedabad -
380013, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
14.09.1985 |
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|
Date of Appointment : |
24.02.2014 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06782285 |
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|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Tarun Vinodkumar Chechani |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
8 New Manorath Society, Dafnala Road Shahibaug, Ahmedabad - 380004, Gujarat, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.10.1988 |
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|
Date of Appointment : |
24.02.2014 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
06901927 |
|||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Jignesh Shah |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Alpesh Kanugo |
|
215488 |
|
Meera Kanugo |
|
10 |
|
Manoj Jethaliya |
|
19500 |
|
Priyanka Jethaliya |
|
20378 |
|
Usha Vaglela |
|
39776 |
|
Parul Chechani |
|
103769 |
|
Laxmichand Vaglela |
|
45000 |
|
Tarun Chechani |
|
219238 |
|
Laxmichand Vagela (HUF) |
|
103231 |
|
Hitesh Vaghela (HUF) |
|
90000 |
|
Hitesh Vaghela |
|
45000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
82.06 |
|
Other top fifty shareholders |
17.94 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Copper Pipes and Tubes. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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|
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Customers : |
End Users
|
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No. of Employees : |
100 (Approximately) |
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Bankers : |
|
|||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Shah and Patel Chartered Accountants |
|
Address : |
5-B, Vardan Exclusive, Near Vimal House, Stadium Road, Navrangpura,
Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-30222277/30222288 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAXFS2204B |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,076,890 |
Equity Shares |
Rs.10/- each |
Rs. 10.769
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 |
10.769 |
10.769 |
10.769 |
|
(b) Reserves & Surplus |
100.904 |
97.740 |
92.883 |
|
(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) |
111.673 |
108.509 |
103.652 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
76.282 |
107.043 |
117.277 |
|
(b) Deferred tax liabilities
(Net) |
3.870 |
2.426 |
0.239 |
|
(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) |
80.152 |
109.469 |
117.516 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
118.903 |
101.131 |
56.236 |
|
(b) Trade payables |
138.535 |
147.351 |
145.714 |
|
(c) Other current liabilities |
34.166 |
25.290 |
23.556 |
|
(d) Short-term provisions |
0.956 |
1.528 |
0.086 |
|
Total
Current Liabilities (4) |
292.560 |
275.300 |
225.592 |
|
|
|
|
|
|
TOTAL |
484.385 |
493.278 |
446.760 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
224.835 |
230.595 |
149.953 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
68.966 |
|
(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 |
3.501 |
2.125 |
1.385 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
228.336 |
232.720 |
220.304 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
101.800 |
94.187 |
84.200 |
|
(c) Trade receivables |
134.567 |
144.948 |
102.737 |
|
(d) Cash and cash equivalents |
9.020 |
8.559 |
16.456 |
|
(e) Short-term loans and
advances |
10.394 |
12.741 |
22.839 |
|
(f) Other current assets |
0.268 |
0.123 |
0.224 |
|
Total
Current Assets |
256.049 |
260.558 |
226.456 |
|
|
|
|
|
|
TOTAL |
484.385 |
493.278 |
446.760 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
744.280 |
580.236 |
367.446 |
|
|
Other Income |
0.721 |
0.531 |
0.248 |
|
|
TOTAL
(A) |
745.001 |
580.767 |
367.694 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
629.616 |
526.248 |
166.330 |
|
|
Purchases of Stock-in-Trade |
0.000 |
0.000 |
239.772 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
25.976 |
(20.487) |
(51.025) |
|
|
Employees benefits expense |
4.506 |
2.906 |
0.279 |
|
|
Other expenses |
34.680 |
30.131 |
3.988 |
|
|
|
|
0.826 |
|
|
|
TOTAL
(B) |
694.778 |
539.624 |
359.344 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
50.223 |
41.143 |
8.350 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
34.713 |
25.029 |
5.929 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
15.510 |
16.114 |
2.421 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
10.902 |
9.069 |
1.717 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
4.608 |
7.045 |
0.704 |
|
|
|
|
|
|
|
Less |
TAX (H) |
1.444 |
2.188 |
0.241 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
3.164 |
4.857 |
0.463 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
5.586 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
9.803 |
25.267 |
0.000 |
|
|
Components and Stores parts |
0.000 |
1.329 |
0.000 |
|
|
Capital Goods |
2.761 |
19.950 |
47.530 |
|
|
TOTAL
IMPORTS |
12.564 |
46.546 |
47.530 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.94 |
4.51 |
0.71 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
30.261 |
20.314 |
16.149 |
|
Cash generated from operations |
37.126 |
2.146 |
(56.130) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.43 |
0.84 |
0.13 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.75 |
7.09 |
2.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.95 |
1.43 |
0.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.06 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.02 |
2.11 |
1.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88 |
0.95 |
1.00 |
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 |
10.769 |
10.769 |
10.769 |
|
Reserves & Surplus |
92.883 |
97.740 |
100.904 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
103.652 |
108.509 |
111.673 |
|
|
|
|
|
|
long-term borrowings |
117.277 |
107.043 |
76.282 |
|
Short term borrowings |
56.236 |
101.131 |
118.903 |
|
Current Maturities of
Long-Term Debts |
16.149 |
20.314 |
30.261 |
|
Total
borrowings |
189.662 |
228.488 |
225.446 |
|
Debt/Equity
ratio |
1.830 |
2.106 |
2.019 |
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 |
367.446 |
580.236 |
744.280 |
|
|
|
57.911 |
28.272 |
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 |
367.446 |
580.236 |
744.280 |
|
Profit |
0.463 |
4.857 |
3.164 |
|
|
0.13% |
0.84% |
0.43% |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Inter corporate Deposits |
25.250 |
0.000 |
|
|
|
|
|
Total |
25.250 |
0.000 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10266232 |
05/01/2011 |
304,900,000.00 |
State Bank of India |
3rd Floor, Amrit Jayanti Bhavan, Navjivan trust Complex, P.O Navjivan, Ahmedabad, Gujarat - 380014, INDIA |
B04631248 |
|
2 |
10260293 |
21/12/2010 |
304,900,000.00 |
State Bank of India |
3rd Floor, Amrit Jayanti Bhavan, Navjivan trust Complex, P.O Navjivan, Ahmedabad, Gujarat - 380014, INDIA |
B03227311 |
*Date of charge modification
FIXED ASSETS
- Land
- Factory
Building
- Plant and
Machinery
- Electric
Installation
- Office
Equipment
- Furniture and
Fixture
- Computer
- Vehicle
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.66.38 |
|
|
1 |
Rs.102.59 |
|
Euro |
1 |
Rs.74.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
ART |
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 |
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.