|
Report Date : |
29.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
KANUNGO FERROMET PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No. 6, Mahimwala Bungalow, 12th Khetwadi Lane, Mumbai
- 400004, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
09.07.1990 |
|
|
|
|
Com. Reg. No.: |
11-057138 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 49.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH1990PTC057138 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK10811D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK0892N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Stainless, Ferrous and Non-Ferrous Metal, Minor
Metal, Virgin Metals, Ferro Alloys and Electro Plating Material. |
|
|
|
|
No. of Employees
: |
Information declined by management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 250000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The financial
details for the year 2010-2011 is missing from government department.
However, from the previous year track record, company appears to be
satisfactory track record. Trade relations are reported to be fair. Business
is active. Payments are unknown. The company can be considered for business dealings with slight
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) |
|
|
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 DENIED BY
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-22-23852908 |
|
Date : |
27.10.2012 |
LOCATIONS
|
Registered Office : |
Shop No. 6, Mahimwala Bungalow, 12th Khetwadi Lane, Mumbai
- 400004, Maharashtra, India |
|
Tel. No.: |
91-22-23852908/ 23827759/
23807757/ 66362174/ 23803814 |
|
Fax No.: |
91-22-23820391 |
|
E-Mail : |
|
|
Area : |
500 sq ft |
|
Location : |
Owned |
|
|
|
|
Warehouse 1 : |
Village Dheku, Taluka Khalapur, District Raigad, Khopoli – 410203,
Maharashtra, India |
|
Tel. No.: |
952192-262384 |
|
Location : |
Owned |
|
|
|
|
Warehouse 2 : |
Also Located at:
·
|
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Omprakash Siremal Kanungo |
|
Designation : |
Director |
|
Address : |
5, Mugbhat Lane, 3rd Floor, Mumbai – 400004,
Maharashtra, India |
|
Date of Birth/Age : |
01.07.1966 |
|
Date of Appointment : |
08.07.1994 |
|
DIN No.: |
00248455 |
|
|
|
|
Name : |
Mr. Hitesh Roopchand Kanungo |
|
Designation : |
Director |
|
Address : |
5, Mugbhat Lane, 3rd Floor, Mumbai – 400004,
Maharashtra, India |
|
Date of Birth/Age : |
25.12.1980 |
|
Date of Appointment : |
01.01.1999 |
|
DIN No.: |
00248508 |
KEY EXECUTIVES
|
Name : |
Mr. Rakesh |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sowan Omprakash Kanungo |
|
350000 |
|
Bhagu Roopchand Kanungo |
|
798000 |
|
Hitesh Roopchand Kanungo |
|
282800 |
|
Mehul Omprakash Kanungo |
|
771400 |
|
Omprakash Kanungo |
|
1367800 |
|
Stainless Trading Private Limited, |
|
1400000 |
|
Total
|
|
4970000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
28.17 |
|
Directors
or relatives of directors |
|
71.83 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Stainless, Ferrous and Non-Ferrous Metal, Minor
Metal, Virgin Metals, Ferro Alloys and Electro Plating Material. |
||||
|
|
|
||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by management. |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
Ø State Bank of India,
Andheri (East) Branch, Mumbai, Maharashtra, India Ø Yes Bank Limited,
9th
Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai
- 400018, Maharashtra, India |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D.C. Bothara and Company Chartered Accountants |
|
Address : |
297, Willie Mansion, 1st Floor, Tardeo Road, Nana Chowk,
Mumbai – 400007, Maharashtra, India |
|
Tel. No.: |
91-22-23875734 / 23876643 |
|
Fax No.: |
91-22-23876943 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACFD4645G |
|
|
|
|
Associates and Group Concerns : |
Ø Stainless Trading
(India) Limited Ø Rollwell Forge
Limited Ø Kanungo Impex
Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,970,000 |
Equity Shares |
Rs.10/- each |
Rs. 49.700
Millions |
|
|
|
|
|
Note: Out of above 4615000 Equity Shares of Rs. 10/-
each were issued as fully paid bonus shares by utilization of Rs. 8.950
Millions for Security Premium and Rs. 37.200 Millions from General Reserve.
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 |
49.700 |
49.700 |
3.550 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.232 |
5.823 |
49.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
62.932 |
55.523 |
52.550 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
126.757 |
147.128 |
67.343 |
|
|
2] Unsecured Loans |
191.068 |
197.956 |
312.905 |
|
|
TOTAL BORROWING |
317.825 |
345.084 |
380.248 |
|
|
DEFERRED TAX LIABILITIES |
0.042 |
0.042 |
0.042 |
|
|
|
|
|
|
|
|
TOTAL |
380.799 |
400.649 |
432.840 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
13.250 |
11.966 |
11.035 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
1.500 |
|
|
|
|
|
|
|
|
INVESTMENT |
5.063 |
5.063 |
5.063 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
156.056
|
183.344 |
307.121 |
|
|
Sundry Debtors |
392.431
|
327.077 |
380.270 |
|
|
Cash & Bank Balances |
15.539
|
18.855 |
13.370 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans, Advances & Deposits |
34.539
|
28.794 |
23.290 |
|
Total
Current Assets |
598.565
|
558.070 |
724.051 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
204.025 |
127.500 |
197.432 |
|
|
Other Current Liabilities |
30.305
|
46.119 |
93.038 |
|
|
Provisions |
1.749
|
0.831 |
18.339 |
|
Total
Current Liabilities |
236.079
|
174.450 |
308.809 |
|
|
Net Current Assets |
362.486
|
383.620 |
415.242 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
380.799 |
400.649 |
432.840 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1138.567 |
1403.243 |
1545.060 |
|
|
|
Other Income |
1.643 |
2.467 |
1.964 |
|
|
|
TOTAL (A) |
1140.210 |
1405.710 |
1547.024 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Sales and Services |
1055.472 |
1340.935 |
1479.671 |
|
|
|
Operating & Administrative
Expenses |
22.278 |
13.073 |
11.040 |
|
|
|
Loss on Sales of Assets |
0.000 |
0.000 |
0.014 |
|
|
|
TOTAL (B) |
1077.750 |
1354.008 |
1490.725 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
62.460 |
51.702 |
56.299 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
45.790 |
44.619 |
31.134 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.670 |
7.083 |
25.165 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.998 |
1.006 |
1.177 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
15.672 |
6.077 |
23.988 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.524 |
2.274 |
7.843 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
9.148 |
3.803 |
16.145 |
|
|
|
|
|
|
|
|
|
|
Excess/ (Short)
Provision of Tax of earlier year (Net) |
-- |
-- |
(0.110) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.523 |
26.551 |
13.847 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
24.000 |
2.500 |
|
|
|
Proposed Dividend |
1.491 |
0.710 |
0.710 |
|
|
|
Tax on Dividend |
0.248 |
0.121 |
0.121 |
|
|
BALANCE CARRIED
TO THE B/S |
2.932 |
5.523 |
26.551 |
|
|
|
|
|
|
|
|
|
|
EXPORTS |
|
|
|
|
|
|
|
Export Sale |
4.261 |
Nil |
Nil |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Ferrous and Non Ferrous Metals |
461.455 |
632.369 |
1018.573 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.84 |
10.71 |
45.17 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.80 |
0.27 |
1.04 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.38 |
0.43 |
1.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.56 |
1.07 |
3.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.11 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
8.80 |
9.36 |
13.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.54 |
3.20 |
2.34 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
(Rs. In Millions) |
||
|
Creditors for Goods |
199.499 |
122.896 |
193.250 |
|
Creditors for Expenses |
4.526 |
4.604 |
4.182 |
|
Sundry Creditors |
204.025 |
127.500 |
197.432 |
|
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 |
No |
|
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 |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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] |
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 |
No |
REVIEW OF OPERATION
The net sales
turnover together with other incomes of the Company for the year decreased to Rs.
1140.200 Millions as compared to Rs 1405.700 Millions in the previous year,
However, the net profit has increased to Rs. 9.148 Millions against the
previous year profit of Rs 3.802 Millions
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U27200MH1990PTC057138 |
|
Name of the
company |
KANUNGO FERROMET
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Shop No. 6, Mahimwala Bungalow, 12th Khetwadi Lane, Mumbai
- 400004, Maharashtra, India Email ID: hitesh@kanungo.net |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10037244 |
|
Type of charge |
Book Debts Floating Charge |
|
Particular of
charge holder |
Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of
India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India CIN No.:
L65190MH2003PLC143249 Email ID: shareholders@yesbank.in |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental deed
of hypothecation |
|
Date of
instrument Creating the charge |
31.07.2012 |
|
Amount secured by
the charge |
Rs. 125.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest CC: 3.5% above
YES Bank base rate prevailing from time to time WCDL/BC/PCFC/PSCFC:
To be decided at the time of disbursement LC: 1.2% Terms of Repayment CC: Tenor: 12
months, WCDL: 90 days, LC-I and LC-II:
Validity: 180 days (including usance period), Usance: 120 days BC-I and BC-II:
Tenor: 180 days, PCFC/PSCFC:
Tenor: 120 days Margin NA Extent and Operation of the charge First Pari passu
Charge on current asset of the borrower (both present and future)
supplemental Deed of Hypothecation dated 31 July 2012. |
|
Short particulars
of the property charged |
First Pari passu Charge
on current asset of the borrower (both present and future) supplemental Deed
of Hypothecation dated 31 July 2012. |
|
Particulars of
the present modification |
Existing Pari
Passu charge on current asset of the Borrower(both present and future)extended
to cover revised facilities given to M/s Kanungo Ferromet Private Limited CC:INR 75 MM
(Existing Facility), WCDL (Sub Limit of CC):INR 50 MM (Existing Facility) LC I (S L of
CC):INR 75 MM (Exiting Facility) BC I (S L of CC):INR 75 MM (Exiting
Facility) LC II:INR 25 MM (Exiting Facility) BC II (S
L of LC II) :INR 25 MM (Exiting Facility) PCFC:INR 25 MM (
New Facility) PCSFC(S L of
PCFC): INR25 MM (New Facility) |
FIXED ASSETS
Ø Land at Khopoli
Ø Shed and Godowns
Ø Plant and Machinery
Ø Office Equipment
Ø Computer and Accessories
Ø Vehicles and Scooters
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. 53.63 |
|
|
1 |
Rs. 86.18 |
|
Euro |
1 |
Rs. 69.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
35 |
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.