MIRA INFORM REPORT
|
Report Date : |
02.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
FE (INDIA) LIMITED (w.e.f. 03.05.2012) |
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|
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Formerly Known
As : |
FINANCIAL EYES (INDIA) LIMITED |
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Registered
Office : |
F-58/1 Okhla Industrial Area, Phase 1, |
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Country : |
India |
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Financials (as
on) : |
30.09.2012 |
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Date of
Incorporation : |
13.09.1994 |
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Com. Reg. No.: |
55-061447 |
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Capital Investment
/ Paid-up Capital : |
Rs. 81.981 millions |
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|
CIN No.: [Company Identification
No.] |
L74899DL1994PLC061447 |
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|
|
PAN No.: [Permanent Account No.] |
AAACF1901A |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Trader Importer and Exporter of Agro Commodities (i.e. Rice, Sugar,
Vegetables, etc.) and Non Agro Commodities (i.e. Petroleum, Fertilizer, Coal,
Electronic Products. etc.). |
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|
|
|
No. of Employees
: |
100 (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 |
|
Maximum Credit Limit : |
USD 2580000 |
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|
Status : |
Moderate |
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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 a moderate track record. There appears a low profit margin. However, trade relations are fair. Business is active. Payments are
recorded as slow but correct. The company can be considered for business dealings with some caution. Note: The status of
the company in the registrar of companies shows active but it is not traded
on Bombay Stock Exchange. |
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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BB+ |
|
Rating Explanation |
Moderate risk of default |
|
Date |
10.09.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A4+ |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
10.09.2012 |
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. Udesh |
|
Designation : |
Head in Finance |
|
Contact No.: |
91-9810410104 |
LOCATIONS
|
Registered Office : |
F-58/1 Okhla Industrial Area, Phase 1, |
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Tel. No.: |
91-11-40537610 / 26811999 |
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Fax No.: |
91-11-40537611 |
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E-Mail : |
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Branches : |
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DIRECTORS
As on 29.12.2012
|
Name : |
Mr. Ravi Kant Joshi |
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Designation : |
Director |
|
Address : |
House No. 4638 Gali No.- 9 Sehetpur Shyam Colony Faridabad, Haryana – 121007, Uttar Pradesh, India |
|
Date of Birth/Age : |
25.09.1975 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.09.2009 |
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PAN No.: |
AGUPJ2344Q |
|
DIN No.: |
02781932 |
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|
|
|
Name : |
Mr. Mukund Sharan |
|
Designation : |
Director |
|
Address : |
H- 41, IInd Floor, Masjid Moth, Greater Kailash Part II, New Delhi – 110048, India |
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Date of Birth/Age : |
28.12.1972 |
|
Date of Appointment : |
01.11.2011 |
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DIN No.: |
00004881 |
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|
|
Name : |
Mr. Mukesh Jain |
|
Designation : |
Director |
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Address : |
162- B, Western Avenue, Sainik Farms New Delhi-110062, India |
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Date of Birth/Age : |
18.05.1969 |
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Date of Appointment : |
29.09.2006 |
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DIN No.: |
00059649 |
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Name : |
Mr. Vishal Bakshi |
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Designation : |
Director |
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Address : |
B- 405, Unesco Apartment, Plot No.-55, I.P. Extension, Patparganj, New Delhi, India |
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Date of Birth/Age : |
25.02.1970 |
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Qualification : |
Graduate |
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Date of Appointment : |
29.09.2006 |
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DIN No.: |
00610253 |
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|
|
Name : |
Abhilasha Aggarwal |
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Designation : |
Whole-time director |
|
Address : |
S-474, Greater Kailash –II, New Delhi-110048, India |
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Date of Birth/Age : |
28.04.1974 |
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Qualification : |
Graduate |
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Date of Appointment : |
29.09.2007 |
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PAN No.: |
AAEPA9515G |
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DIN No.: |
01854288 |
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Name : |
Trinadh Kiran Vemuri |
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Designation : |
Director |
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Address : |
926, G Wing, Maple Leaf Raheja Vihar, Mumbai-400072, Maharashtra, India |
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Date of Birth/Age : |
14.08.1977 |
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Date of Appointment : |
28.08.2010 |
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DIN No.: |
02750590 |
KEY EXECUTIVES
|
Name : |
Ms. Deepti Dabral |
|
Designation : |
Secretary |
|
Address : |
B-52, Block-A, Vishwakarma Lal Kuan, Delhi- 110044, India |
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Date of Birth/Age : |
06.04.1984 |
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Date of Appointment : |
10.11.2010 |
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PAN No.: |
APDPD3875N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2013
|
Category
of Shareholder |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding
of Promoter and Promoter Group |
|
|
|
|
|
|
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|
1644348 |
20.06 |
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|
2750000 |
33.54 |
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|
4394348 |
53.60 |
|
|
|
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Total
shareholding of Promoter and Promoter Group (A) |
4394348 |
53.60 |
|
(B) Public
Shareholding |
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|
1563000 |
19.07 |
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|
1563000 |
19.07 |
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|
842699 |
10.28 |
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|
292603 |
3.57 |
|
|
997966 |
12.17 |
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|
107454 |
1.31 |
|
|
74420 |
0.91 |
|
|
29133 |
0.36 |
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|
1 |
0.00 |
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|
3900 |
0.05 |
|
|
2240722 |
27.33 |
|
Total Public
shareholding (B) |
3803722 |
46.40 |
|
Total (A)+(B) |
8198070 |
100.00 |
|
(C) Shares held
by Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
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|
0 |
0.00 |
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Total
(A)+(B)+(C) |
8198070 |
0.00 |
%20LIMITED-223616%202%20(Supplementary%20Report)%2002-Jul-2013_files/image009.gif){kind=small}
%20LIMITED-223616%202%20(Supplementary%20Report)%2002-Jul-2013_files/image010.gif){kind=small}
%20LIMITED-223616%202%20(Supplementary%20Report)%2002-Jul-2013_files/image011.gif){kind=small}
BUSINESS DETAILS
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Line of Business : |
Exporter and Importer of Commodities like Rice, Sugar, etc,. |
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Products : |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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GENERAL INFORMATION
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No. of Employees : |
100 (Approximately) |
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Bankers : |
Punjab National Bank, AM-60, Shalimar Bagh, New Delhi - 110088, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Nangia and Company Chartered Accountants |
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Address : |
The Summit Business Bay, Level 2, Unit 210, Western Express Highway, Vile Parle (East), Mumbai 400051, Maharashtra, India |
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PAN No.: |
AAAFN9013E |
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Subsidiary
company: |
FE (Singapore) Pte. Limited |
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Associate : |
Andaz Mercantile Private Limited CIN No.: U51109WB2007PTC119170 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
8198070 |
Equity Shares |
Rs.10/- each |
Rs. 81.981 Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2012 (12 Months) |
30.09.2011 (15 Months) |
30.06.2010 (15 Months) |
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|
SHAREHOLDERS FUNDS |
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|
|
|
|
1] Share Capital |
81.981 |
81.981 |
30.000 |
|
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2] Share Application Money |
150.000 |
0.000 |
137.500 |
|
|
3] Reserves & Surplus |
412.902 |
369.093 |
109.866 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
644.883 |
451.074 |
277.366 |
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|
LOAN FUNDS |
|
|
|
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|
1] Secured Loans |
851.847 |
483.631 |
495.454 |
|
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2] Unsecured Loans |
133.719 |
67.093 |
50.000 |
|
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TOTAL BORROWING |
985.566 |
550.724 |
545.454 |
|
|
DEFERRED TAX LIABILITIES |
0.093 |
1.038 |
0.051 |
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|
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TOTAL |
1630.542 |
1002.836 |
822.871 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
50.028 |
46.673 |
36.723 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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|
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INVESTMENT |
30.192 |
8.723 |
2.581 |
|
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
479.710
|
789.668 |
264.763 |
|
|
Sundry Debtors |
1300.982
|
1063.565 |
685.756 |
|
|
Cash & Bank Balances |
389.997
|
177.607 |
248.962 |
|
|
Other Current Assets |
45.535
|
49.806 |
0.000 |
|
|
Loans & Advances |
183.110
|
142.504 |
134.169 |
|
Total
Current Assets |
2399.334
|
2223.150 |
1333.650 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
708.242
|
1227.175 |
454.658 |
|
|
Other Current Liabilities |
79.332
|
12.244 |
75.974 |
|
|
Provisions |
61.438
|
36.291 |
19.451 |
|
Total
Current Liabilities |
849.012
|
1275.710 |
550.083 |
|
|
Net Current Assets |
1550.322
|
947.440 |
783.567 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1630.542 |
1002.836 |
822.871 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
30.09.2012 (12 Months) |
30.09.2011 (15 Months) |
30.06.2010 (15 Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
8500.968 |
5891.062 |
3731.155 |
|
|
|
Other Income |
44.259 |
88.021 |
20.596 |
|
|
|
TOTAL (A) |
8545.227 |
5979.083 |
3751.751 |
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
7476.641 |
|
|
|
|
|
Employee benefit expense |
5.783 |
5.797 |
|
|
|
|
Other expenses |
567.384 |
108.525 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
309.958 |
(524.904) |
|
|
|
|
TOTAL (B) |
8359.766 |
5805.798 |
3648.300 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
185.461 |
173.285 |
103.451 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
107.581 |
83.742 |
42.838 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
77.880 |
89.543 |
60.613 |
|
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.318 |
7.936 |
6.496 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
70.562 |
81.607 |
54.117 |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
26.753 |
27.918 |
18.417 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
43.809 |
53.689 |
35.700 |
|
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
153.567 |
102.260 |
66.560 |
|
|
|
|
|
|
|
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|
Less |
APPROPRIATIONS |
0.000 |
2.382 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
197.376 |
153.567 |
102.260 |
|
|
|
|
|
|
|
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|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export of Goods (FOB) |
2608.193 |
487.470 |
1014.969 |
|
|
|
Commission |
0.070 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
2608.263 |
487.470 |
1014.969 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
5.34 |
13.57 |
NA |
|
%20LIMITED-223616%202%20(Supplementary%20Report)%2002-Jul-2013_files/image005.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
30.09.2012 (12 Months) |
30.09.2011 (15 Months) |
30.06.2010 (15 Months) |
|
PAT / Total Income |
(%) |
0.51
|
0.90 |
0.95 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.83
|
1.39 |
1.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.88
|
3.60 |
3.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11
|
0.18 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.53
|
1.22 |
1.97 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.83
|
1.74 |
2.42 |
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 |
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) |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
NAME CHANGE
The name of the Company was changed from ‘Financial Eyes (India) Limited’ to ‘FE (India) Limited’ with effect from May 3, 2012 based on the Special Resolution passed at the last Annual General Meeting of the Company.
UNSECURED LOAN
|
Particulars |
30.09.2012 (12 Months) (Rs.
in Millions) |
30.09.2011 (15 Months) (Rs.
in Millions) |
|
Rupee term loans from banks |
9.476 |
4.593 |
|
Intercorporate deposits |
64.300 |
62.500 |
|
Other loans and advances |
59.943 |
0.000 |
|
Total |
133.719 |
67.093 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
L74899DL1994PLC061447 |
|
Name of the
company |
FE (INDIA)
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
F-58/1 Okhla Industrial Area, Phase 1, New Delhi – 110020, India E-mail: cs@feindia.net |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
Central Bank of
India, Link House, 3- Bahadurshah Zafar Marg, Press Area, New Delhi-110002,
India E-mail: agmdelb306@centralbank.co.in |
|
Nature of
instrument creating charge |
Agr. of hyp. -
collateral security, agr. Of hyp. To secure demand cash credit against goods,
hyp. agr. For letter of credit facility. |
|
Date of
instrument Creating the charge |
13.04.2013 |
|
Amount secured by
the charge |
Rs. 200.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Compound interest@
3% over the base rate of 10.25% or at such rate or rates as may from time to
time be fixed by the bank. Terms of Repayment On demand Extent and Operation of the charge The charge on
company's stock eg: finished and semi finished goods, consumables stores, raw
materials etc whether raw or in process of manufacture shall rank first pari
passu charge in favour of central bank. Others This is to secure
cc limit of Rs. 200.000 millions with interchangeability LC limit of Rs.
100.000 millions on usual terms and conditions. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hyp. of goods
expressed by documents drawn/covered under demand cash credit Eq. mortgage of
flat no. 403, 4th floor, ascot centre, Sahar Road, Near ITC Hotel, Andheri
(East), Mumbai measuring 1232 sq. feet in the name of Neptune Buildmart (p)
ltd Eq. mortgage of
flat no. 404, 4th floor, ascot centre, Sahar Road, Near ITC Hotel, Andheri
(E), Mumbai measuring 1232 sq. feet in the name of Neptune Buildmart (p) ltd. |
FIXED ASSETS
· Buildings
· Office building
· Plant and equipment
· Other plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer equipments
· Office building
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.59.15 |
|
|
1 |
Rs.90.05 |
|
Euro |
1 |
Rs.77.07 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.