MIRA
INFORM REPORT
|
Report Date : |
13.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
VIDHI MINERALS AND ALLOYS PRIVATE LIMITED |
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|
|
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Registered
Office : |
Gandhi Chowk, Kanhan, |
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Country : |
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|
|
|
Financials (as
on) : |
31.03.2010 |
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|
|
|
Date of
Incorporation : |
21.03.2007 |
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|
|
|
Com. Reg. No.: |
11-169017 |
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Capital
Investment / Paid-up Capital : |
Rs.3.100 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U10300MH2007PTC169017 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPV03644E |
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|
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PAN No.: [Permanent Account No.] |
AACCV4567G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Exporter and Importer of |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 150000 |
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|
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a part of the larger Shyamji Group, which is promoted by
Mr. Ajay Khandelwal and Mr. Vijay Khandelwal. It is an established company having
moderate track. The management of the company have failed to file its
financials with the government department since 2010. As per previous years, it is found that the company has huge external
borrowings. Business is active. Payment terms are unknown. 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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
A4+ (Bank Guarantee) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
11.10.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4+ (Letter of Credit) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
11.10.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
BB- (Cash Credit) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
11.10.2012 |
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 : |
Ms. Rani |
|
Designation : |
Office Executive |
|
Contact No.: |
91-7102-236167 |
|
Date : |
12.10.2012 |
LOCATIONS
|
Registered Office : |
Gandhi Chowk, Kanhan, |
|
Tel. No.: |
91-7102-236167 |
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Fax No.: |
91-7102-236176 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
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Corporate Office : |
579, |
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Tel. No.: |
91-7102-236276 / 236138 / 236167 |
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Fax No.: |
91-7102-236176 / 236040 |
DIRECTORS
As on 29.09.2010
|
Name : |
Mr. Ajay Ramesh Khandelwal |
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Designation : |
Managing Director |
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Address : |
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Date of Birth/Age : |
15.03.1967 |
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Date of Appointment : |
21.03.2007 |
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DIN No.: |
01784753 |
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Other
Directorship
|
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Name : |
Mr. Vijay Babulal Khandelwal |
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|
Designation : |
Managing Director |
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Address : |
Sham Kuti, Hanuman Nagar, |
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Date of Birth/Age : |
27.05.1972 |
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Date of Appointment : |
21.03.2007 |
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DIN No.: |
01775995 |
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Other
Directorship
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Ajay Ramesh Khandelwal |
|
25000 |
|
Vijay Babulal Khandelwal |
|
55000 |
|
Sunita Khandelwal |
|
30000 |
|
Shivani Khandelwal |
|
60000 |
|
Meena Khandelwal |
|
40000 |
|
Praddum Trading Company Limited |
|
100000 |
|
Total |
|
310000 |
As on 29.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
67.70 |
|
Directors
or relatives of directors |
|
32.30 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter and Importer of |
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Products : |
·
Alloying Elements ·
Heavy Metal ·
Light Metal ·
Nrecious Metal |
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Exports : |
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Products : |
Manganese Ore |
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Countries : |
Pakistan |
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Imports : |
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Products : |
Manganese Ore |
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Countries : |
·
China ·
Japan |
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Terms : |
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Selling : |
L/C/ Cash/ Credit (30 days and 60 days) |
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Purchasing : |
L/C/ Cash/ Credit (30 days and 60 days) |
GENERAL INFORMATION
|
Suppliers : |
·
Active Cargo Solution Private Limited ·
Bhagawati Travels ·
Deepak Ferro Alloys Limited ·
Innova Remedies Private Limited ·
Sai Chemicals Private Limited ·
Punjab Mill Stores ·
S.G.S.India Private Limited Nagpur ·
Sai Chemicals Private Limited ·
Saumyaa Alloys (Private) Limited ·
Sikkim Ferro Alloys Limited ·
Worldage Limited ·
Aditya and Group ·
Devesh Enterprises ·
Hitaishi Enterprises ·
K.P. Smart Consultant ·
K.P. Trademark Private Limited ·
Krishnaping Alloys Private Limited ·
Manganese Ore India Limited ·
Sachin Enterprises ·
Tolu Tours |
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Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
·
Union Bank of Dhantoli Branch, “Shriman Palace”, Lokmat
Square, Wardha Road, Nagpur – 440 012, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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Auditors : |
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|
Name : |
K P R K and Associates Chartered Accountants |
|
Address : |
181, Chitle Marg, Dhantoli, Near State Bank of Travancore, |
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Tel. No.: |
91-712-2451533 |
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PAN No.: |
AAGFG6923Q |
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|
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Associates : |
·
SMTC Power and Industries Private Limited ·
SMTC Projects Private Limited ·
Micron Minerals Private Limited ·
Manganese Products Corporation ·
Shyamji Minerals Trading Corporation ·
Krishnaping Alloys Private Limited ·
Vidhi Khandelwal Trust ·
Chaitanya Khandelwal Trust ·
Khandelwal Transport ·
Worldage Resources B.V. |
CAPITAL STRUCTURE
As on 29.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
350000 |
Equity Shares |
Rs.10/- each |
Rs.3.500 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
310000 |
Equity Shares |
Rs.10/- each |
Rs.3.100
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.100 |
2.100 |
1.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
34.287 |
21.211 |
5.163 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
37.387 |
23.311 |
6.263 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
60.125 |
34.894 |
0.000 |
|
|
2] Unsecured Loans |
2.500 |
0.035 |
34.355 |
|
|
TOTAL BORROWING |
62.625 |
34.929 |
34.355 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
100.012 |
58.240 |
40.618 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.477 |
0.024 |
0.000 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.222 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.029 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
26.102
|
4.738 |
0.000 |
|
|
Sundry Debtors |
51.346
|
(6.430) |
11.604 |
|
|
Cash & Bank Balances |
0.269
|
1.240 |
0.500 |
|
|
Other Current Assets |
28.839
|
19.764 |
2.143 |
|
|
Loans & Advances |
49.619
|
48.297 |
27.641 |
|
Total
Current Assets |
156.175
|
67.609 |
41.888 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
58.768
|
6.891 |
0.359 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.324 |
|
|
Provisions |
1.138
|
2.524 |
0.617 |
|
Total
Current Liabilities |
59.906
|
9.415 |
1.300 |
|
|
Net Current Assets |
96.269
|
58.194 |
40.588 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.015 |
0.022 |
0.030 |
|
|
|
|
|
|
|
|
TOTAL |
100.012 |
58.240 |
40.618 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
369.843 |
441.128 |
31.500 |
|
|
|
Other Income |
4.537 |
3.028 |
0.018 |
|
|
|
TOTAL (A) |
374.380 |
444.156 |
31.518 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase and Direct Expenses |
337.230 |
404.525 |
29.017 |
|
|
|
Administrative and Other Expenses |
15.869 |
19.610 |
0.651 |
|
|
|
TOTAL (B) |
353.099 |
424.135 |
29.668 |
|
|
|
|
|
|
|
|
Less |
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
21.281 |
20.021 |
1.850 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST AND
BANK CHARGES (D) |
7.246 |
1.587 |
0.068 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.035 |
18.434 |
1.782 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.157 |
0.001 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
13.878 |
18.433 |
1.782 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
4.802 |
6.385 |
0.619 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
9.076 |
12.048 |
1.163 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13.211 |
1.163 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
22.287 |
13.211 |
1.163 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
High Seas Sales |
60.262 |
|
$441776 |
|
|
|
Export Sales |
89.691 |
|
|
|
|
TOTAL EARNINGS |
149.953 |
411.906 |
$441776 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.28 |
57.37 |
10.57 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
2.42
|
2.71 |
3.69 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.75
|
4.18 |
5.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.75
|
27.25 |
4.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.37
|
0.79 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.28
|
1.90 |
5.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.61
|
7.18 |
32.22 |
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 |
No |
|
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 |
No |
|
15] |
Capital in the business |
No |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CONTINGENT
LIABILITIES NOT RECORDED IN RESPECT OF (As on 31.03.2010)
·
Balance of Sundry debtors, sundry creditors are subject
to confirmation.
·
Provision for Income Tax is made as per Income Tax,
1961.
·
Estimated amount of contract remaining to be
executed on capital account not provided for Rs. Nil.
·
Claim not acknowledged by the company Rs. Nil
·
Contingent liability for LC Bill discounting
Rs.15.000 millions.
·
Bank guarantee Rs.5.000 millions.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U10300MH2007PTC169017 |
|
Name of the company |
VIDHI MINERALS AND ALLOYS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in |
Gandhi Chowk, Kanhan, |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10152195 |
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Others o
Stock |
|
Particular of charge holder |
Union Bank of Dhantoli Branch, “ E-Mail : dhantoli@unionbankofindia.com
|
|
Nature of instrument creating charge |
Supplementary deed to composite hypothecation deed |
|
Date of instrument Creating the charge |
26.06.2010 |
|
Amount secured by the charge |
Rs.90.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest 1. CC (Hypo) Limit : BPLR +2.50 i. e. 14.25 % p. a. with monthly
rests. 2. PC (w/w PCFC/FDBP/FUDBP) : @ 9.25 % p. a. with monthly rests. 3. L/C : Usual 4. BG : Usual Terms of Repayment Repayment on demand or subject to the renewal or review. Margin Stock 25 % Book Debts 40 % BD 25 % Letter of Credit 25 % Bank Guarantee 25 % Extent and Operation of the charge At the request of the borrower, the Bank has enhanced the existing
banking limits from Rs.55.000 millions to Rs.90.000 millions, to secure due repayment the above
banking limits along with all costs, interest and other charges thereon,
first charge on the movable assets of the Company. Others Other Terms and Conditions as per sanction letter and all other loaning
document executed between Company and Bank. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
·
Hypothecation of Stock of Raw materials, Finished
and Semi Finished Goods, Consumable Stores and Spares, Work in Process and
packing materials. ·
All the present and future book debts,
outstanding monies, claims, invoices, receivables, agreements, investments,
contracts and arrangements. ·
All the present and future Plant and Machineries,
Furnitures and Fittings, Computers, Vehicles and equipments including
accessories and spare parts. |
|
Particulars of the present modification |
By way present modification, the charge modified from Rs.55.000
millions to Rs.90.000 millions and
further secured by the movable properties of the Company. |
FIXED ASSETS
·
Land
·
Factory (WIP Halol)
·
Furniture
·
Plant and Machinery (WIP Halol)
·
Air Conditioner
·
Vehicles
·
Vehicles (Halol)
·
Computer
·
Computer (
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.52.70 |
|
|
1 |
Rs.84.51 |
|
Euro |
1 |
Rs.68.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.