1. Summary Information
|
|
|
Country |
|
|
Company Name |
M B |
Principal Name 1 |
Mr. Manibhai S Patel |
|
Status |
Good |
Principal Name 2 |
Mr. Hasmukhbhai S Patel |
|
|
|
Registration # |
-- |
|
Street Address |
51, M B House, Chandrodaya Society, |
||
|
Established Date |
24.10.1993 |
SIC Code |
-- |
|
Telephone# |
91-79-26405563/ 26405572/ 26461314 |
Business Style 1 |
Traders |
|
Fax # |
91-79-26400828 |
Business Style 2 |
Importer |
|
Homepage |
http://www.mbproflex.com |
Product Name 1 |
Steel Coils |
|
# of employees |
60 (approximately) |
Product Name 2 |
Pharmaceuticals |
|
Paid up capital |
Rs.93,545,000/- |
Product Name 3 |
-- |
|
Shareholders |
-- |
Banking |
Bank of Baroda |
|
Public Limited Corp. |
No |
Business Period |
19 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
Ba (54) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Group
Company |
-- |
M and B Engineering Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
268,451,000 |
Current Liabilities |
324,626,000 |
|
Inventories |
460,761,000 |
Long-term Liabilities |
304,416,000 |
|
Fixed Assets |
1,275,000 |
Other Liabilities |
7,900,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
636,942,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
0,000 |
|
|
|
Net Worth |
93,545,000 |
|
Total Assets |
730,487,000 |
Total Liab. &
Equity |
730.487,000 |
|
Total Assets (Previous Year) |
680,772,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1738,031,000 |
Net Profit |
17,475,000 |
|
Sales(Previous yr) |
1394,043,000 |
Net Profit(Prev.yr) |
15,611,000 |
|
Report Date : |
21.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
M B |
|
|
|
|
Registered
Office : |
51, M B House, Chandrodaya Society, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
24.10.1993 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.93.545 Millions |
|
|
|
|
IEC No.: |
0803013957 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACFM9317J |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Traders and Importer of Steel Coils and Pharmaceuticals |
|
|
|
|
No. of
Employees: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 370000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established partnership concern having satisfactory
track records. Partners are reported to be experienced and respectable
businessman. Trade relations are reported as fair. Business is active.
Payments are reported to be regular and as per commitments. The concern can be considered good for normal business dealings at
usual trade terms and concern. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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 |
CARE |
|
Rating |
A3 (Short term ) |
|
Rating Explanation |
Having moderate degree of safety timely
payment of financial obligation it carry higher credit risk |
|
Date |
April 2012 |
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
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Keyur |
|
Designation : |
Senior General Manager in Finance and Accounts |
|
Contact No.: |
91-9099002260 |
LOCATIONS
|
Registered Office : |
51, M B House, Chandrodaya Society, |
|
Tel. No.: |
91-79-26405563/ 26405572/ 26461314/ 26407001/ 26404616 |
|
Mobile No.: |
91-9099002260 (Mr. Keyur) |
|
Fax No.: |
91-79-26400828/ 26405563 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
661 Sq. Yard |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Near L. M. Transport Sarkhej, Ahmedabad, |
|
Area : |
Owned |
|
|
|
|
Branches: |
Located at: ·
Mumbai ·
Pune ·
·
Chennai ·
·
·
Kolkata |
PARTNERS
|
Name : |
Mr. Manibhai S Patel |
|
Designation : |
Partner |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad, |
|
Date of Birth/ Age : |
88 years |
|
|
|
|
Name : |
Mr. Hasmukhbhai S Patel |
|
Designation : |
Partner |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad, |
|
Date of Birth/ Age : |
76 years |
|
Qualification: |
B. E. Civil and Electricals |
|
Experience : |
56 years |
|
|
|
|
Name : |
Mr. Chirag H. Patel |
|
Designation : |
Partner |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad, |
|
Date of Birth/ Age : |
41 years |
|
Qualification: |
B. E. Civil |
|
Experience : |
21 years |
|
Voter ID No.: |
GJ/11/06/7/807322 |
|
|
|
|
Name : |
Mr. Girishbhai M. Patel |
|
Designation : |
Partner |
|
Address : |
Nisarg Farm, Opposite ACE Tennis Club, B/h Karnavati Club, Ahmedabad, |
|
Date of Birth/ Age : |
64 years |
|
Qualification: |
Diploma in Hydraulic Engineering |
|
Experience : |
45 years |
|
|
|
|
Name : |
Mr. Malav Girishbhai
Patel |
|
Designation : |
Partner |
|
Address : |
Nisarg Farm, Opposite ACE Tennis Club, B/h Karnavati Club, Ahmedabad, |
|
Date of Birth/ Age : |
35 years |
|
Qualification: |
B.B.A. |
|
Experience : |
14 years |
|
|
|
|
Name : |
Mr. Vipin kantilal
Patel |
|
Designation : |
Partner |
|
Address : |
2, Nandanvan, Near Shyamvihar,
Opp. Devvihar, Thaltej-shilaj Road, Ahmedabad,
Gujarat, India |
|
Date of Birth/ Age : |
64 years |
|
Qualification: |
B. Com. Inter CA |
|
Experience : |
42 years |
|
Voter ID No.: |
GJ/11/06/7/645600 |
|
|
|
|
|
|
|
Name : |
Mr. Aditya Vipin
Patel |
|
Designation : |
Partner |
|
Address : |
2, Nandanvan, Near Shyamvihar,
Opp. Devvihar, Thaltej-shilaj Road, Ahmedabad,
Gujarat, India |
|
Date of Birth/ Age : |
27 years |
|
Qualification: |
B.E. MBA (Finance) |
|
Experience : |
5 years |
|
|
|
|
Name : |
Mrs. Birva Chiragbhai
Patel |
|
Designation : |
Partner |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad, |
|
Date of Birth/ Age : |
39 years |
|
Qualification: |
B. Com. CS |
|
Experience : |
17 years |
|
Voter ID No.: |
CJL7462765 |
|
|
|
|
Name : |
Mrs. Leenaben V. Patel |
|
Designation : |
Partner |
|
Address : |
2, Nandanvan, Near Shyamvihar,
Opp. Devvihar, Thaltej-shilaj Road, Ahmedabad,
Gujarat, India |
|
Date of Birth/ Age : |
60 years |
|
Qualification: |
B Sc |
|
Experience : |
38 years |
|
|
|
|
Name : |
Mrs. Umaben Girishbhai
Patel |
|
Designation : |
Partner |
|
Address : |
Nisarg Farm, Opposite ACE Tennis Club, B/h Karnavati Club, Ahmedabad, |
|
Date of Birth/ Age : |
60 years |
|
Qualification: |
B. Sc |
|
Experience : |
38 years |
|
|
|
|
Name : |
Ms. Aparna M Patel |
|
Designation : |
Partner |
|
Address : |
Nisarg Farm, Opposite ACE Tennis Club, B/h Karnavati Club, Ahmedabad, |
|
Date of Birth/ Age : |
32 years |
|
Experience : |
10 years |
KEY EXECUTIVES
|
Name : |
Mr. Keyur |
|
Designation : |
Senior General Manager in Finance |
BUSINESS DETAILS
|
Line of Business : |
Traders and Importer of Steel Coils and Pharmaceuticals |
|
|
|
|
Products : |
· Steel Coils HR Plates GI Coils GI Plates Bare Galvalume Pre Painted Galvallume Other steels Pharma Products Beauty Products. |
|
|
|
|
Agencies Held : |
· Intas Pharmaceuticals Limited Intas Bio Pharma Intas Mediquip Revlon Galderma Amar Remedies
Limited Amra Remedies
Limited |
|
|
|
|
Exports : |
|
|
Products : |
TNT Steel Bars |
|
Countries : |
Dare Salam |
|
|
|
|
Imports : |
|
|
Products : |
·
HR/GI Coils ·
HR Plates ·
Pre Painted Galvalume
Coils ·
Steel Coils ·
Pharmaceuticals |
|
Countries : |
·
·
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash/ Credit (90-180 Days) |
|
|
|
|
Purchasing : |
L/C, Cash/ Credit (180 Days) |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
|
|
|
|
No. of Employees : |
60 (Approximately) |
|
|
|
|
Bankers : |
· Bank of Baroda Bhadra Branch, Ahmedabad
– 380001, Gujarat, India |
|
|
|
|
Facilities : |
LC – Rs.3.200 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Talati and Talati Chartered Accountants |
|
Address : |
Income Tax, Ahmedabad, |
|
Tel No.: |
91-79-30084523 |
|
Email : |
|
|
|
|
|
Group Company : |
·
M and B Engineering Limited 51, M. B. House, Chandrrodaya Society,
Stadium Road, Ahmedabad, Gujarat, India Activity: 1] Supply and Erection of Proflex
Steel Roofing 2] Manufacturer, Supply and Erection of Pre Engineered Building Bank: Bank of Baroda, Standard Chartered Bank, Axis Bank and IDBI Bank
·
Phenix Building
Solutions Private Limited 51, M. B. House, Chandrrodaya Society,
Stadium Road, Ahmedabad, Gujarat, India Activity: Supply and Erection of Pre Engineered Building Bank: Bank of Baroda ·
Manibhai and Brothers 51, M. B. House, Chandrrodaya Society,
Stadium Road, Ahmedabad, Gujarat, India Activity: Construction Bank: Bank of Baroda ·
Manibhai and Brothers
(Sleepers) 51, M. B. House, Chandrrodaya Society,
Stadium Road, Ahmedabad, Gujarat, India Activity: Manufacturer of Railway Sleepers Bank: Bank of Baroda ·
Usha Prestressed
Sleeper Udyog 51, M. B. House, Chandrrodaya Society,
Stadium Road, Ahmedabad, Gujarat, India Activity: Manufacturer of Railway Sleepers Bank: Bank of Baroda ·
Highten Steels 51, M. B. House, Chandrrodaya Society,
Stadium Road, Ahmedabad, Gujarat, India Activity: Trading of Steel, Ventilators, Paints, Insulation Materials
and Consumable Bank: Bank of Baroda ·
Maxim Finance Private Limited 51, M. B. House, Chandrrodaya Society,
Stadium Road, Ahmedabad, Gujarat, India Activity: Group Financing Bank: Bank of Baroda ·
Manibhai and Brothers
Finance Corporation 51, M. B. House, Chandrrodaya Society,
Stadium Road, Ahmedabad, Gujarat, India Activity: Group Financing Bank: Bank of Baroda |
CAPITAL STRUCTURE
AS ON.31.03.2012
|
Capital Investment : |
|
|
Owned : |
Rs.93.545 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.93.545 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
Note : Sole Proprietory and
Partnership concerns are exempted from filing their financials with the
Government Authorities or Registry Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
93.545 |
70.884 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
93.545 |
70.884 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
304.416 |
362.979 |
|
|
TOTAL BORROWING |
|
304.416 |
362.979 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
397.961 |
433.863 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
1.275 |
0.634 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
460.761 |
347.990 |
|
|
Sundry Debtors |
|
14.546 |
168.503 |
|
|
Cash & Bank Balances |
|
161.736 |
108.337 |
|
|
Other Current Assets |
|
6.088 |
4.126 |
|
|
Loans & Advances |
|
86.081 |
51.182 |
|
Total
Current Assets |
|
729.212 |
680.138 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
311.344 |
228.621 |
|
|
Other Current Liabilities |
|
13.282 |
10.857 |
|
|
Provisions |
|
7.900 |
7.431 |
|
Total
Current Liabilities |
|
332.526 |
246.909 |
|
|
Net Current Assets |
|
396.686 |
433.229 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
397.961 |
433.863 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1738.031 |
1394.043 |
|
|
|
Other Income |
|
2.878 |
0.133 |
|
|
|
TOTAL (A) |
|
1740.909 |
1394.176 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
1650.748 |
1328.016 |
|
|
|
Payment to Employee |
|
3.112 |
2.503 |
|
|
|
Administrative Expenses |
|
12.655 |
7.818 |
|
|
|
TOTAL (B) |
|
1666.515 |
1338.337 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
74.394 |
55.839 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
48.823 |
32.699 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
25.571 |
23.140 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.228 |
0.111 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
25.343 |
23.029 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
7.868 |
7.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
17.475 |
15.611 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
|
1.05 |
1.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
1.46 |
1.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
3.47 |
3.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.27 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
6.81 |
8.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
2.19 |
2.75 |
LOCAL AGENCY FURTHER INFORMATION
|
Available
in Report [Yes/No] |
|
|
Year
of Establishment |
Yes |
|
Locality
of the Firm |
Yes |
|
Constitution
of the firm |
Yes |
|
Premises
details |
Yes |
|
Type
of Business |
Yes |
|
Line
of Business |
Yes |
|
Promoters
background |
Yes |
|
No.
of Employees |
Yes |
|
Name
of Person Contacted |
Yes |
|
Designation
of contact person |
Yes |
|
Turnover
of firm for last two years |
Yes |
|
Profitability
for last three years |
Yes |
|
Reasons
for variation <> 20% |
-- |
|
Estimation
for coming financial year |
No |
|
Capital
the business |
Yes |
|
Details
of sister concerns |
Yes |
|
Major
Suppliers |
No |
|
Major
Customers |
No |
|
Payment
Terms |
Yes |
|
Export
/ Import Details [If Applicable] |
Yes |
|
Market
Information |
-- |
|
Litigations
that the firm / promoter involved in |
-- |
|
Banking
Details |
Yes |
|
Banking
Facility Details |
No |
|
Conduct
of the banking account |
-- |
|
Buyer
visit details |
-- |
|
Financials,
if provided |
Yes |
|
Incorporation
details, if applicable |
No |
|
Last
accounts filed at ROC |
No |
|
Major
Shareholders, if applicable |
No |
|
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
PAN
of Proprietor/Partner/Director, if available |
No |
|
Voter
ID No of Proprietor/Partner/Director, if available |
Yes |
|
External Agency
Rating, if available |
Yes |
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.55.70 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.85 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BYI/ NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
54 |
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.