MIRA
INFORM REPORT
|
Report Date : |
01.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MUDRIKA CERAMICS (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
C 174, Surajmal Vihar, Delhi-110092 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.11.1992 |
|
|
|
|
Com. Reg. No.: |
55-050971 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 9.528 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1992PLC050971 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of bone china products |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 78000 |
|
|
|
|
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. The profitability and profit margin has seen a tremendous dip during
2012. 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. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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. Anujkumar Sureshchandra Mittal |
|
Designation : |
Whole Time Director |
|
Contact No.: |
91-9898040176 |
|
Date : |
31.05.2013 |
LOCATIONS
|
Registered Office : |
C 174, Surajmal Vihar, Delhi-110092, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9898040176 (Mr. Anujkumar Sureshchandra Mittal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.461, GIDC Estate, National High Way 8, Ramangamdi,
Vadodara-397243, Gujarat, India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Atul Sureshchandra Mittal |
|
Designation : |
Whole Time Director |
|
Address : |
15-A, Roopal Society, Near Radio Station, Makarpura Road,
Vadodara-390009, Gujarat, India |
|
Date of Birth/Age : |
16.11.1965 |
|
Date of Appointment : |
16.11.1992 |
|
DIN No.: |
00558492 |
|
|
|
|
Name : |
Mr. Anujkumar Sureshchandra Mittal |
|
Designation : |
Whole Time Director |
|
Address : |
15-A, Roopal Society, Near Radio Station, Makarpura Road,
Vadodara-390009, Gujarat, India |
|
Date of Birth/Age : |
12.07.1969 |
|
Date of Appointment : |
16.11.1992 |
|
DIN No.: |
01202893 |
|
|
|
|
Name : |
Ms. Anita Atul Mittal |
|
Designation : |
Whole Time Director |
|
Address : |
15-A, Roopal Society, Near Radio Station, Makarpura Road,
Vadodara-390009, Gujarat, India |
|
Date of Birth/Age : |
07.12.1971 |
|
Date of Appointment : |
20.08.2006 |
|
DIN No.: |
01744886 |
|
|
|
|
Name : |
Ms. Kavita Anujkumar Mittal |
|
Designation : |
Director |
|
Address : |
15-A, Roopal Society, Near Radio Station, Makarpura Road,
Vadodara-390009, Gujarat, India |
|
Date of Birth/Age : |
12.09.1971 |
|
Date of Appointment : |
20.08.2006 |
|
DIN No.: |
01204676 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
Note: Shareholder
details file attached.
AS ON 18.03.2013
|
Names of Allottees (Preference Shares) |
No. of Shares |
|
Suresh Chandra Mittal |
50000 |
|
TOTAL
|
50000 |
AS ON 28.12.2012
|
Names of Allottees (Preference Shares) |
No. of Shares |
|
Tushar (India) Private Limited, India |
230000 |
|
TOTAL
|
230000 |
AS ON 29.10.2012
|
Names of Allottees (Preference Shares) |
No. of Shares |
|
Aviva Paper and Pulp Private Limited, India |
100000 |
|
Kesri Industrial LAB Private Limited, India |
100000 |
|
Tushar (India) Private Limited, India |
120000 |
|
TOTAL
|
320000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
38.00 |
|
Directors or relatives of Directors |
27.00 |
|
Other top fifty shareholders |
28.00 |
|
Others |
7.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of bone china products |
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|
|
|
Terms : |
|
|
Selling : |
L/C, Cash, Credit |
|
|
|
|
Purchasing : |
L/C, Cash, Credit |
PRODUCTION STATUS (AS ON : 31.03.2012)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Installed Capacity |
MT |
30000 |
-- |
|
Table Wares Bone China |
Units |
-- |
683096 |
|
P P Body |
MT |
-- |
307 |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
Retailers ·
End Users |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
·
Small Industries Development Bank of India, Land
Mark Building, 1st Floor, Race Course Circle, Vadodara-390007,
Gujarat, India ·
Bank of Baroda ·
Indusind Bank |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Rajive Lochan and Associates Chartered Accountant |
|
Address : |
307, Ansal Satyam, RDC, Raj Nagar, Ghaziabad-201001, Uttar Pradesh,
India |
|
PAN No.: |
AHNPS9518H |
CAPITAL STRUCTURE
AFTER 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Millions |
|
500000 |
Non Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
TOTAL |
|
Rs. 12.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
677800 |
Equity Shares |
Rs.10/- each |
Rs. 6.778
Millions |
|
250000 |
Non Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
TOTAL |
|
Rs. 9.278 Millions |
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs. 7.500 Millions |
|
500000 |
Non Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
TOTAL |
|
Rs. 12.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
677800 |
Equity Shares |
Rs.10/- each |
Rs. 6.778
Millions |
|
100000 |
Equity Shares |
Rs.2.50/-
each |
Rs. 0.250
Million |
|
250000 |
Non Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
|
TOTAL |
|
Rs. 9.528 Millions |
AS ON 29.09.2012
Authorised Capital : Rs. 22.500
Millions
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
677800 |
Equity Shares |
Rs.10/- each |
Rs. 6.778
Millions |
|
250000 |
Non Cumulative Redeemable Preference Shares |
Rs.10/- each |
Rs. 2.500 Millions |
|
50000 |
Preference Shares |
Rs.10/- each |
Rs. 0.500 Million |
|
230000 |
Preference Shares |
Rs.10/- each |
Rs. 2.300 Millions |
|
320000 |
Preference Shares |
Rs.10/- each |
Rs. 3.200 Millions |
|
|
TOTAL |
|
Rs. 15.278 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
9.528 |
9.528 |
7.028 |
|
|
2] Share Application Money |
1.610 |
1.650 |
2.175 |
|
|
3] Reserves & Surplus |
8.568 |
8.442 |
7.616 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
19.706 |
19.620 |
16.819 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
19.560 |
15.354 |
14.768 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
19.560 |
15.354 |
14.768 |
|
|
DEFERRED TAX LIABILITIES |
0.273 |
0.316 |
0.314 |
|
|
|
|
|
|
|
|
TOTAL |
39.539 |
35.290 |
31.901 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
24.563 |
26.687 |
25.195 |
|
|
Capital work-in-progress |
2.065 |
0.000 |
1.005 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.073 |
0.665 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
8.698
|
4.862 |
5.831 |
|
|
Sundry Debtors |
15.500
|
12.284 |
8.283 |
|
|
Cash & Bank Balances |
2.778
|
1.149 |
1.088 |
|
|
Other Current Assets |
0.027
|
0.036 |
0.921 |
|
|
Loans & Advances |
8.296
|
7.153 |
3.789 |
|
Total
Current Assets |
35.299
|
25.484 |
19.912 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
21.150
|
15.498 |
12.551 |
|
|
Other Current Liabilities |
0.526
|
0.200 |
0.410 |
|
|
Provisions |
1.785
|
1.848 |
1.250 |
|
Total
Current Liabilities |
23.461
|
17.546 |
14.211 |
|
|
Net Current Assets |
11.838
|
7.938 |
5.701 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
39.539 |
35.290 |
31.901 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
106.811 |
99.289 |
61.381 |
|
|
|
Other Income |
1.000 |
1.261 |
3.870 |
|
|
|
TOTAL (A) |
107.811 |
100.550 |
65.251 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
53.777 |
50.472 |
59.292 |
|
|
|
Purchase |
25.534 |
17.565 |
|
|
|
|
Employee Benefit Expenses |
6.458 |
6.479 |
|
|
|
|
Other Administrative Expenses |
18.045 |
18.813 |
|
|
|
|
Changes in Inventories |
(2.512) |
0.789 |
|
|
|
|
TOTAL (B) |
101.302 |
94.118 |
59.292 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
6.509 |
6.432 |
5.959 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.096 |
1.622 |
1.691 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.413 |
4.810 |
4.268 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.246 |
3.483 |
2.982 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
1.167 |
1.327 |
1.286 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.376 |
0.416 |
0.304 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
0.791 |
0.911 |
0.982 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
0.767 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
1.749 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
28.366 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.02 |
0.98 |
-- |
|
%20LIMITED%20-%20223777%2001-Jun-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.73
|
0.91 |
1.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.09
|
1.34 |
2.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.95
|
2.54 |
2.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.07 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.99
|
0.78 |
0.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50
|
1.45 |
1.40 |
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 |
No |
|
17] |
Major suppliers |
No |
|
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 |
No |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
|
|
|
|
Sundry Creditors |
18.710 |
13.197 |
11.503 |
|
Advance From Customers |
2.440 |
2.301 |
1.048 |
|
|
|
|
|
|
TOTAL |
21.150 |
15.498 |
12.551 |
FORM 8
|
Corporate
identity number of the company |
U74899DL1992PLC050971 |
|
Name of the
company |
MUDRIKA CERAMICS
(INDIA) LIMITED |
|
Address of the
registered office or of the principal place of business in |
C 174, Surajmal Vihar, Delhi-110092, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
property ·
Movable
property (not being pledge) |
|
Particular of
charge holder |
Small Industries Development Bank of India, Land Mark Building, 1st
Floor, Race Course Circle, Vadodara-390007, Gujarat, India |
|
Nature of
instrument creating charge |
1. Registered
mortgage deed for immovable property by deposit of title deeds 2. Deed of
Hypothecation for moveable assets of the Company(save and except stocks and
book debts) |
|
Date of
instrument Creating the charge |
05.12.2012 |
|
Amount secured by
the charge |
Rs. 25.400
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest 13.25% p.a. for
Term Loan covered under DCS and 12.50% p.a. on Term Loan covered under JICA
line of credit Phase -II with monthly rests Terms of repayment The entire term loan
of Rs.25.400 Millions is to be repaid in 72 monthly installments after a
moratorium of 12 months from the date of First disbursement. Details of
installments are as per letter of intent dated 16/12/2012 Margin The amount of
loan is fully secured by prime and collateral securities as per LOI. No
specific margin is stipulated. Extent and operation of the charge 1. SIDBI is
having first charge over the immovable property of the Company namely piece
and parcel of Land bearing plot no. 461 at GIDC, Por Ramangamdi,
District-Baroda through registered mortgage deed by deposit of title deeds 2. SIDBI is also
having first charge over moveable assets of the Company(save and except
stocks and book debts) |
|
Short particulars
of the property charged (Including location of the property) |
SIDBI is having
first charge on land bearing Plot no. 461 admeasuring about 1000 Sq. mtrs.
consisting of R. S. No. 1131/p, 1136/p and 1145/p of Por Ramangamdi situated
at GIDC, Por Ramangamdi, Baroda SIDBI is having
first charge on all moveable assets of the Co. (save and except stocks and
book debts) both present and Future
including, plant, machinery, spares, tools and accessories, office
equip.etc |
FIXED ASSETS
·
Land and Site Development
·
Building
·
Plant and Equipments
·
Furniture and Fixtures
·
Electrical Fitting
·
D G Set
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Bore Well
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 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. 56.49 |
|
|
1 |
Rs. 86.00 |
|
Euro |
1 |
Rs. 73.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.