|
Report Date : |
26.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHIV AUM STEELS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
2nd Lane, Darukhana Reay Road, Mumbai-400010,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.03.2002 |
|
|
|
|
Com. Reg. No.: |
11-135117 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27105MH2002PTC135117 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Iron and Steel |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The company has seen a marginal growth in its sales turnover as well
as net profitability during 2012. Profit margin appears to be low. However, trade relations are 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Vinayak |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-23717160 |
|
Date : |
24.07.2013 |
LOCATIONS
|
Registered Office : |
2nd Lane, Darukhana Reay Road, Mumbai-400010, Maharashtra,
India |
|
Tel. No.: |
91-22-23717160 / 23727249 |
|
Fax No.: |
91-22-23736665 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Jatin Nagindas Mehta |
|
Designation : |
Director |
|
Address : |
75, Amber Apartment, Sion (West), Mumbai-400022, Maharashtra,
India |
|
Date of Birth/Age : |
26.09.1955 |
|
Date of Appointment : |
11.03.2002 |
|
PAN No.: |
AAAHJ0502Q |
|
DIN No.: |
00176438 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U63010MH2001PTC134228
|
SOFTEN CARRIERS
PRIVATE LIMITED |
Director |
13/12/2001 |
13/12/2001 |
Active |
NO |
|
2 |
U27105MH2002PTC135117
|
SHIV AUM STEELS
PRIVATE LIMITED |
Director |
11/03/2002 |
11/03/2002 |
Active |
NO |
|
Name : |
Mr. Sanjay Narendra Bansal |
|
Designation : |
Director |
|
Address : |
Urmila Building Khar (West), Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
20.07.1964 |
|
Date of Appointment : |
11.03.2002 |
|
PAN No.: |
ACPB6225A |
|
DIN No.: |
00235509 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U63010MH2001PTC134228
|
SOFTEN CARRIERS
PRIVATE LIMITED |
Director |
13/12/2001 |
13/12/2001 |
Active |
NO |
|
2 |
U27105MH2002PTC135117
|
SHIV AUM STEELS
PRIVATE LIMITED |
Director |
11/03/2002 |
11/03/2002 |
Active |
NO |
|
Name : |
Mr. Ajay Narendra Bansal |
|
Designation : |
Director |
|
Address : |
202, May Flower, Khar (West), Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
03.02.1961 |
|
Date of Appointment : |
11.03.2002 |
|
PAN No.: |
AACPB6224B |
|
DIN No.: |
00365449 |
|
|
|
|
Name : |
Mr. Rishabh Jatin Mehta |
|
Designation : |
Additional Director |
|
Address : |
75, Amber Apartment, Sion (West), Mumbai-400022, Maharashtra,
India |
|
Date of Birth/Age : |
23.07.1988 |
|
Date of Appointment : |
04.03.2011 |
|
DIN No.: |
03024717 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70102MH2009PTC198203
|
MOBI REALTORS
PRIVATE LIMITED |
Additional
director |
19/05/2010 |
19/05/2010 |
Active |
NO |
|
2 |
U27105MH2002PTC135117
|
SHIV AUM STEELS
PRIVATE LIMITED |
Additional director
|
04/03/2011 |
04/03/2011 |
Active |
NO |
|
Name : |
Mr. Utsav Sanjay Bansal |
|
Designation : |
Additional Director |
|
Address : |
8 Urmila Building Khar (West), Mumbai-400052, Maharashtra, India |
|
Date of Birth/Age : |
26.04.1992 |
|
Date of Appointment : |
04.03.2011 |
|
DIN No.: |
03130373 |
Other Directorship:
|
S.
No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U70102MH2009PTC198203
|
MOBI REALTORS
PRIVATE LIMITED |
Additional
director |
19/05/2010 |
19/05/2010 |
Active |
NO |
|
2 |
U27105MH2002PTC135117
|
SHIV AUM STEELS PRIVATE
LIMITED |
Additional
director |
04/03/2011 |
04/03/2011 |
Active |
NO |
|
Name : |
Mr. Krishna Nagin Mehta |
|
Designation : |
Director |
|
Address : |
101, Trishul Tower, Andheri (West), Mumbai-400061, Maharashtra,
India |
|
Date of Birth/Age : |
02.02.1958 |
|
Date of Appointment : |
13.09.2011 |
|
DIN No.: |
03581129 |
KEY EXECUTIVES
|
Name : |
Mr. Vinayak |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sanjay Narendra Bansal |
643850 |
|
Jatin Nagindas Mehta |
675300 |
|
Ajay Narendra Bansal |
643750 |
|
Ajay Narendra Bansal HUF |
105300 |
|
Usha Ajay Bansal |
100100 |
|
Sanjay Narendra Bansal HUF |
105300 |
|
Nityati Jatin Mehta |
277500 |
|
Jatin Nagindas Mehta HUF |
645500 |
|
Rutvik Jatin Mehta |
100000 |
|
Vanita Sanjay Bansal |
100000 |
|
Mobi Relators Private Limited |
1603000 |
|
Akesh Dhanpatrai Nahar |
100 |
|
Nahar Akesh GAurav HUF |
100 |
|
Kunal Nahar |
100 |
|
Neketa Nahar |
100 |
|
TOTAL
|
5000000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Iron and Steel |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
·
Canara Bank, Tamarind Lane Branch, 8/10, Calcot
House, Tamrind Lane, Mumbai-400023, Maharashtra, India ·
ICICI Bank Limited, Landmark Race Cource Circle,
Alkapuri, Baroda-390015, Gujarat, India
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D G Parekh and
Company Chartered Accountant |
|
Address : |
Building No 597,
JSS Road, 103 Rajshila, Opposite Parsi Agiyary Near Princess Street,
Mumbai-400002, Maharashtra, India |
|
PAN No.: |
AAEPP2889G |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs. 75.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
50.000 |
50.000 |
|
(b) Reserves & Surplus |
|
205.546 |
192.668 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
255.546 |
242.668 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
129.726 |
35.978 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
129.726 |
35.978 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
279.989 |
214.845 |
|
(b) Trade payables |
|
108.551 |
196.791 |
|
(c) Other current
liabilities |
|
6.251 |
3.636 |
|
(d) Short-term provisions |
|
8.679 |
5.630 |
|
Total Current Liabilities (4) |
|
403.470 |
420.902 |
|
|
|
|
|
|
TOTAL |
|
788.742 |
699.548 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
13.515 |
16.157 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
42.385 |
26.538 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.784 |
0.489 |
|
(e) Other Non-current assets |
|
0.094 |
0.104 |
|
Total Non-Current Assets |
|
56.778 |
43.288 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
107.216 |
43.572 |
|
(b) Inventories |
|
226.697 |
222.070 |
|
(c) Trade receivables |
|
386.487 |
362.368 |
|
(d) Cash and cash equivalents |
|
4.568 |
20.860 |
|
(e) Short-term loans and
advances |
|
6.996 |
7.390 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
731.964 |
656.260 |
|
|
|
|
|
|
TOTAL |
|
788.742 |
699.548 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
50.000 |
|
|
2] Share Application Money |
|
|
45.000 |
|
|
3] Reserves & Surplus |
|
|
182.902 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
277.902 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
110.965 |
|
|
2] Unsecured Loans |
|
|
68.176 |
|
|
TOTAL BORROWING |
|
|
179.141 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
457.043 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
23.971 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
8.894 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
223.485 |
|
|
Sundry Debtors |
|
|
300.142 |
|
|
Cash & Bank Balances |
|
|
3.170 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
47.105 |
|
Total
Current Assets |
|
|
573.902 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
139.740 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
10.100 |
|
Total
Current Liabilities |
|
|
149.840 |
|
|
Net Current Assets |
|
|
424.062 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.116 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
457.043 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
GROSS INCOME |
2173.030 |
2121.744 |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
19.929 |
14.666 |
9.644 |
|
|
|
|
|
|
|
Less |
TAX |
6.500 |
4.900 |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
13.429 |
9.766 |
NA |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.69 |
-- |
-- |
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.67
|
2.18 |
1.61 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.06 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.60
|
1.03 |
0.64 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.81
|
1.56 |
3.83 |
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
two 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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
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 |
No |
|
34] |
External Agency Rating,
if available |
No |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Other Loans and Advances |
44.710 |
19.403 |
|
Loans and Advances from Others |
83.970 |
16.575 |
|
|
|
|
|
TOTAL |
128.680 |
35.978 |
|
S
.No. |
Charge
ID |
Date
of Charge Creation/Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10430970
|
23/04/2013
|
150,000,000.00
|
YES
BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. |
B77043214
|
|
2 |
10411001
|
18/02/2013
|
150,000,000.00
|
YES
BANK LIMITED |
9TH FLOOR, NEHRU CENTRE,
DISCOVERY OF INDIA, DR. |
B70484407
|
|
3 |
10372438
|
31/07/2012
|
8,000,000.00
|
|
Flat No.7, Kailash Co. Op
Housing Society (Private) Limited, Ground Floor, S.V. Road, Khar (W), MUMBAI,
Maha |
B56347859
|
|
4 |
10335168
|
23/04/2013
* |
400,000,000.00
|
ING
VYSYA BANK LIMITED |
C-12, G BLOCK, BANDRA KURLA
COMPLEX, BANDRA EAST, Mumbai, Maharashtra - 400051, INDIA |
B76755180 |
|
* Date of charge modification |
||||||
BUSINESS REVIEW
The company was incorporated on 11/03/2002
During the year
Company had incurred income of Rs 2173.030 Millions as against Rs. 2121.744
Millions in previous financial year. Further, the company has increased its net
Profits to Rs. 13.429 Millions in the current year from Rs. 9.766 Millions as
in previous financial year
The Company is desirous to adopt various measures to improve its
performance and simultaneously reduce cost improve.
FIXED ASSETS
·
Air Conditioner
·
EPBAX
·
Computer
·
Fax Machine
·
Furniture and Fixtures
·
Generator Set
·
Motor Car
·
Voltage Stabilizer
·
Weigh Scale Machine
·
Television
·
Printer
·
Shredder Machine
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] 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. 58.94 |
|
|
1 |
Rs. 90.47 |
|
Euro |
1 |
Rs. 77.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.