MIRA INFORM REPORT
|
Report Date : |
24.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
WHITE AND BROWN ALLOY CASTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat 2D, Block B Vaishnawi Dham, Diamond Harbour Road, Joka, Thakur
Pukar, Kolkata – 700104, West Bengal |
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Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
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|
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Date of
Incorporation : |
25.08.2006 |
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|
|
|
Com. Reg. No.: |
21-111291 |
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|
|
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Capital
Investment / Paid-up Capital : |
Rs.3.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310WB2006PTC111291 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALW03063E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACW7138C |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Non-Ferrous Castings, Forgings and
Valves. |
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|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The financial
position of the company appears to be unhealthy. There appears huge external borrowings recorded by the company.
Profitability of the company appears to be low. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some
caution. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
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. Aniruddha Mukherjee |
|
Designation : |
Director |
|
Contact No.: |
91-9830155604 |
|
Date : |
29.11.2012 |
LOCATIONS
|
Registered Office : |
Flat 2 D, Block B Vaishnawi Dham, Diamond Harbour Road, Joka, Thakur
Pukar, Kolkata – 700104, West Bengal, India |
|
Tel No.: |
Not Available |
|
Mobile No.: |
91-9830155604 (Mr. Aniruddha
Mukherjee) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
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|
Area : |
2500 sq. ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
Village Bonogram, P O Rasapunja, Bakhrahat Road, Via Joka, Kolkata – 700104,
West Bengal, India |
|
Tel. No.: |
91-33-24980570/24980571 |
|
Fax No.: |
91-33-24980569 |
|
Area : |
24000 sq. ft |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Aniruddha Mukherjee |
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|
Designation : |
Director |
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Address : |
Flat 2 D Block B Vaishnawi Dham, |
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Date of Birth/Age : |
02.07.1961 |
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Date of Appointment : |
25.08.2006 |
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Election Commission Identity Card No.: |
WB/23/152/645246 |
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Din No.: |
00584824 |
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Other Directorship:
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|||||||||||||||||||||||||||
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Name : |
Mr. Soumya Mukherjee |
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|
Designation : |
Director |
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|
Address : |
Flat 2 D Block B Vaishnawi Dham, |
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|
Date of Birth/Age : |
31.07.1970 |
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Date of Appointment : |
25.08.2006 |
|||||||||||||||||||||||||||
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Election Commission Identity Card No.: |
WB/23/152/645008 |
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|
Din No.: |
00584895 |
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Sankar Maiyt |
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|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Flat 2 D Block B Vaishnawi Dham, |
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Date of Birth/Age : |
03.07.1958 |
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Date of Appointment : |
25.08.2006 |
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Election Commission Identity Card No.: |
WB/18/113/516359 |
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Din No.: |
00584940 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Aniruddha Mukherjee |
|
25500 |
|
Soumya Mukherjee |
|
4500 |
|
|
|
|
|
TOTAL
|
|
30000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Non-Ferrous Castings, Forgings and
Valves. |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Gadia Sales |
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Customers : |
End Users
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No. of Employees : |
60 (Approximately) |
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Bankers : |
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Facilities : |
Total Facilities Rs.123.000 Millions (From Bank of India)
|
|
|
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Banking Relations
: |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Alok Nath Pal Chartered Accountant |
|
Address : |
Alok Nath Paul and Associates, 270/1, Rai Bahadur Road, P O New
Alipore, P S Behal, Kolkata-700053, West Bengal, India |
|
Fax No.: |
91-33-22180666 |
|
Pan No.: |
AEMPP1962J |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.100/- each |
Rs.3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.100/- each |
Rs.3.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.000 |
3.000 |
3.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.588 |
1.645 |
1.051 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.588 |
4.645 |
4.051 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
51.746 |
45.391 |
29.620 |
|
|
2] Unsecured Loans |
24.000 |
14.000 |
9.000 |
|
|
TOTAL BORROWING |
75.746 |
59.391 |
38.620 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
81.334 |
64.036 |
42.671 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
38.487 |
22.824 |
17.322 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
39.258
|
33.487
|
20.722 |
|
|
Sundry Debtors |
15.216
|
8.296
|
17.336 |
|
|
Cash & Bank Balances |
0.025
|
0.008
|
0.007 |
|
|
Other Current Assets |
0.081
|
0.080
|
0.238 |
|
|
Loans & Advances |
0.457
|
6.120
|
0.377 |
|
Total
Current Assets |
55.037
|
47.991
|
38.680 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
9.440
|
6.696
|
13.768 |
|
|
Other Current Liabilities |
2.254
|
0.212
|
0.249 |
|
|
Provisions |
1.042
|
0.600
|
0.285 |
|
Total
Current Liabilities |
12.736
|
7.508
|
14.302 |
|
|
Net Current Assets |
42.301
|
40.483
|
24.378 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.546 |
0.729 |
0.971 |
|
|
|
|
|
|
|
|
TOTAL |
81.334 |
64.036 |
42.671 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
99.059 |
89.553 |
|
|
|
|
Other Income |
0.127 |
0.017 |
|
|
|
|
TOTAL (A) |
99.186 |
89.570 |
39.975 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of Raw Material and Processing Material |
55.316 |
84.655 |
16.968 |
|
|
|
Manufacturing and Administrative Expenses |
32.259 |
7.339 |
22.626 |
|
|
|
Auditors Remuneration |
0.129 |
0.072 |
0.039 |
|
|
|
Increased/(Decreased) In Stock |
(4.314) |
(11.398) |
(10.372) |
|
|
|
TOTAL (B) |
83.390 |
80.668 |
29.261 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.796 |
8.902 |
10.714 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.163 |
4.253 |
4.532 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.633 |
4.649 |
6.182 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.648 |
3.455 |
3.033 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
1.985 |
1.194 |
3.149 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.042 |
0.600 |
0.304 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.943 |
0.594 |
2.845 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.645 |
1.051 |
(1.794) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
2.588 |
1.645 |
1.051 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
31.43 |
19.80 |
94.83 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
249.100 |
|
|
|
|
|
Expected Sales (2012-2013): Rs.300.000 Millions
The above information has been parted by Mr. Aniruddha Mukherjee
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.95
|
0.66 |
7.12 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.00
|
1.33 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.12
|
1.69 |
5.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35
|
0.25 |
0.78 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
15.83
|
14.40 |
13.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.32
|
6.39 |
2.70 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10350642 |
|
Corporate
identity number of the company |
U27310WB2006PTC111291 |
|
Name of the
company |
WHITE AND BROWN
ALLOY CASTINGS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Flat 2 D, Block B Vaishnawi Dham, Diamond Harbour Road, Joka, Thakur
Pukar, Kolkata – 700104, West Bengal, India |
|
Type of charge |
|
|
Particular of
charge holder |
Bank of India, Lindsay Street Branch, 8, Lindsay Street, Kolkata-700087, West Bengal, India |
|
Nature of
description of the instrument creating or modifying the charge |
No Instrument,
Oral Assent. |
|
Date of
instrument Creating the charge |
11.04.2012 |
|
Amount secured by
the charge |
Rs.123.009
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Term Loan-I and
II: 3% Over Base Rate plus tenor premium of 0.50%, presently 14.25% p.a. with
monthly rests, Cash Credit: 3%
Over Base Rate, presently 13.75% p.a. with monthly rests. Terms of
Repayment Cash Credit
repayable on demand, Term Loan - I and
II repayment Margin Term Loan - II:
55.02%, Cash Credit (Stock): 25%, Cash Credit (Book Debts upto 90 days): 40%. Extent and
Operation of the charge Equitable
mortgage over immovable properties of the company. Others Amount Secured by
the charge:- Facilities Amount Term Loan-I Rs.21.009 Millions Term Loan-II Rs.30.000 Millions Total Term
Loan Rs.51.009 Millions Cash Credit
-Stock Rs.58.000 Millions Cash Credit
-B/debts Rs.19.000 Millions (Upto 90 days) WCFB Rs.72.000 Millions Total limit Rs.123.009 Millions |
|
Short particulars
of the property charged |
All tangible
movable assets including in particulars in stock, bushes, condenser, copper
try ares, E.G. Flanges, lying at borrowers premises or in transit and/or
wheresoever or about the borrowers Premises and
godowns at Village Bonogram, P.O. Rasapunja, Bakhrahat Road, Kolkata-700 104. All the book
debts outstanding, monies, receivables, claims and bills etc. Hypothecation of
Plant and Machinery to be acquired under Term Loan-I for Rs.21.009 Millions or
about the borrowers premises and godowns at Village Bonogram, P.O. Rasapunja,
Bakhrahat Road, Kolkata-700 104. Hypothecation of
project assets including Plant and machinery/ furniture and fixture to be
acquired under Term Loan-II of Rs.30.000 Millions or about the borrowers
premises and godowns at Village Bonogram, P. O. Rasapunja,
Bakhrahat Road, Kolkata-700 104. All that piece
and parcel of demarcated 15 cottahs of Bastu Land and structure of asbestos
shed of 2800 sq. ft. in R.S. Dag No.323, 323/513 and 324, J.L.No.16 under R.
S. Khatian No.48 of Mouza Bangram, P.O.
Raspunja, P.S. Bishnupur, Raspunja Gram Panchayat, Dist. South 24 Pgs. Butted and
bounded by on the North-Shed of Mr. T. Bose,
on the South-Land of Haran Molla, on the East-Bakra Hat Road and on the
West- House of Ali Hossain. |
|
Particulars of
the present modification |
By this
modification, Overall limit remain unchanged at Rs.123.009 Millions, the
borrower has created additional security by way of creation of equitable mortgage
over immovable property of the company. Other terms and condition remain
unchanged. |
TRADE REFERENCE:
- Gadia Sales, Howrah
- PX SLN Technology India Limited, Ahmedabad
FIXED ASSETS:
- Office
Building
- Factory Shed
- Plant and
Machinery
- Electrical
Installations
- Office
Equipments
- Computer and
Software
- Furniture and
Fixtures
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 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.55.09 |
|
|
1 |
Rs.89.54 |
|
Euro |
1 |
Rs.72.77 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.