MIRA
INFORM REPORT
|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
VINDHYA KABELMATS (INDIA) LIMITED (w.e.f. 03.03.2011) |
|
|
|
|
Formerly Known
As : |
VINDHYA KABELMATS ( |
|
|
|
|
Registered
Office : |
17/18/19, Udyog Vihar, Rewa – 486 001, Madhya Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.01.1994 |
|
|
|
|
Com. Reg. No.: |
10-008051 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.878
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U31300MP1994PLC008051 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JBPV01062F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV7909A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Cable Making Machines. |
|
|
|
|
No. of Employees
: |
70 (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 |
|
Maximum Credit Limit : |
USD 30000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There appears
drastic fall in its sales. The company has recorded modest scale of
operation. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for small to mediocre business dealings
with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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. Deependra Singh Parihar |
|
Designation : |
Director |
|
Contact No.: |
91-9926904996 |
|
Date : |
22.06.2013 |
LOCATIONS
|
Registered Office/ Factory : |
17/18/19, Udyog Vihar, Rewa – 486 001, |
|
Tel. No.: |
91-7662-220235/ 220207/ 309211 |
|
Mobile No.: |
91-9926904996 (Mr. Deependra Singh Parihar) |
|
Fax No.: |
91-7662-220207 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1.5 Acres |
|
Location : |
Leased |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Yogendra Pratap Singh Parihar |
|
Designation : |
Director |
|
Address : |
Vaikunth Shree, NH-7, Ram Krishna Puram, Godhar, Rewa - 485 001, |
|
Date of Birth/Age : |
01.08.1948 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
10.01.1994 |
|
Din No.: |
00677515 |
|
|
|
|
Name : |
Mrs. Sushila Singh Parihar |
|
Designation : |
Director |
|
Address : |
Vaikunth Shree, NH-7, Ram Krishna Puram, Godhar, Rewa – 485 001, |
|
Date of Birth/Age : |
15.07.1952 |
|
Qualification : |
DME |
|
Date of Appointment : |
10.01.1994 |
|
Din No.: |
00677491 |
|
|
|
|
Name : |
Mr. Amrendra Singh Parihar |
|
Designation : |
Director |
|
Address : |
Raniganj, Near |
|
Date of Birth/Age : |
30.12.1970 |
|
Date of Appointment : |
04.02.2011 |
|
Din No.: |
03389188 |
|
|
|
|
Name : |
Mr. Deependra Singh Parihar |
|
Designation : |
Director |
|
Address : |
12, Raniganj, Near |
|
Date of Birth/Age : |
30.11.1977 |
|
Date of Appointment : |
04.02.2011 |
|
Din No.: |
03395205 |
MAJOR SHAREHOLDERS
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Yogendra Pratap Singh Parihar |
|
9216 |
|
Sushila Singh Parihar |
|
14800 |
|
Amrendra Singh Parihar |
|
2841 |
|
Mrigendra Singh Parihar |
|
3683 |
|
Deependra Singh Parihar |
|
4583 |
|
Ritu Singh |
|
3666 |
|
Total
|
|
38789 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cable Making Machines. |
||||
|
|
|
||||
|
Products : |
·
Tapping
Machine ·
Cable
Sheathing Line ·
Wire
Machine ·
Stranding
Machine ·
Armouring
Machine ·
Wire
Drawing Machines ·
Rod
Breadkdown Machine ·
Rewinding
Machine ·
Laying
Machine ·
Glue
Applicator |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
·
Tapping
Machine ·
Cable
Sheathing Line ·
Wire
Machine ·
Stranding
Machine ·
Armouring
Machine ·
Wire
Drawing Machines ·
Rod
Breadkdown Machine ·
Rewinding
Machine ·
Laying
Machine ·
Glue
Applicator |
||||
|
Countries : |
·
·
African Countries |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
Others
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
70 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Hariom Agrawal and Company Chartered Accountants |
|
Address : |
552/5, Laxmi Market, |
|
Tel. No.: |
91-7662-223406 |
|
Mobile No.: |
91-9425810733 |
|
Fax No.: |
91-7662-223406 |
|
E-Mail : |
|
|
PAN
No.: |
ACJPA6566A |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
Rs. 100/- each |
Rs. 4.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38789 |
Equity Shares |
Rs. 100/- each |
Rs. 3.878 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 |
|
3.879 |
3.879 |
|
(b) Reserves & Surplus |
|
3.954 |
3.228 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.002 |
0.002 |
|
Total
Shareholders’ Funds (1) + (2) |
|
7.835 |
7.109 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.333 |
0.483 |
|
(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) |
|
0.333 |
0.483 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
15.182 |
15.251 |
|
(b) Trade payables |
|
10.731 |
9.080 |
|
(c) Other current
liabilities |
|
1.209 |
0.847 |
|
(d) Short-term provisions |
|
16.128 |
3.162 |
|
Total Current Liabilities (4) |
|
43.250 |
28.340 |
|
|
|
|
|
|
TOTAL |
|
51.418 |
35.932 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
4.344 |
4.961 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.289 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other Non-current assets |
|
3.132 |
3.031 |
|
Total Non-Current Assets |
|
7.765 |
7.992 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
|
|
(b) Inventories |
|
38.510 |
23.988 |
|
(c) Trade receivables |
|
0.642 |
1.142 |
|
(d) Cash and cash
equivalents |
|
2.047 |
1.634 |
|
(e) Short-term loans and
advances |
|
1.521 |
0.334 |
|
(f) Other current assets |
|
0.933 |
0.842 |
|
Total Current Assets |
|
43.653 |
27.940 |
|
|
|
|
|
|
TOTAL |
|
51.418 |
35.932 |
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
3.550 |
|
|
2] Share Application Money |
|
|
1.800 |
|
|
3] Reserves & Surplus |
|
|
0.821 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6.171 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
11.593 |
|
|
2] Unsecured Loans |
|
|
2.478 |
|
|
TOTAL BORROWING |
|
|
14.071 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
20.242 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
1.587 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
35.811
|
|
|
Sundry Debtors |
|
|
3.421
|
|
|
Cash & Bank Balances |
|
|
2.109
|
|
|
Other Current Assets |
|
|
0.785
|
|
|
Loans & Advances |
|
|
2.057
|
|
Total
Current Assets |
|
|
44.183 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
18.497
|
|
|
Other Current Liabilities |
|
|
6.568
|
|
|
Provisions |
|
|
0.463
|
|
Total
Current Liabilities |
|
|
25.528 |
|
|
Net Current Assets |
|
|
18.655
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
20.242 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
13.613 |
37.304 |
16.723 |
|
|
|
Other Income |
1.489 |
2.151 |
5.056 |
|
|
|
TOTAL (A) |
15.102 |
39.455 |
21.779 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
14.583 |
15.858 |
|
|
|
|
Changes in work in progress |
9.271 |
7.929 |
|
|
|
|
Changes in inventory of finished goods |
(21.650) |
2.900 |
|
|
|
|
Employee Benefit Expenses |
2.053 |
2.026 |
|
|
|
|
Other Expenses |
7.224 |
7.073 |
|
|
|
|
TOTAL (B) |
11.481 |
35.786 |
18.837 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3.621 |
3.669 |
2.942 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.820 |
2.053 |
1.664 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.801 |
1.616 |
1.278 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.713 |
0.469 |
0.197 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.088 |
1.147 |
1.081 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.362 |
0.385 |
0.337 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.726 |
0.762 |
0.744 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1.083 |
0.321 |
(0.423) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
1.083 |
0.321 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
28.08 |
29.56 |
20.97 |
|
%20LIMITED%20-%20225032%2026-Jun-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.81
|
1.93
|
3.42
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
8.00
|
3.07
|
6.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.13
|
3.19
|
2.36
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
13.89
|
0.16
|
0.18
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.04
|
0.67
|
2.28
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01
|
0.99
|
1.73
|
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 |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2012 Rs. In Millions |
31.03.2011 Rs. In Millions |
|
SHORT TERM BORROWINGS |
|
|
|
Loan from
Directors and shareholders |
1.525 |
1.010 |
|
Commercial Tax
Defferment |
2.252 |
2.251 |
|
Total |
3.777 |
3.261 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U31300MP1994PLC008051 |
|
Name of the company |
VINDHYA KABELMATS ( |
|
Address of the registered office or of the principal place of business in |
17/18/19, Udyog Vihar, Rewa – 486 001, Email ID : companyact1956@yahoo.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10120906 |
|
Type of charge |
Immovable property Book debts Others (Stock of goods) |
|
Particular of charge holder |
Union Bank of |
|
Nature of instrument creating charge |
All hypothecated goods and debts consisting of stock of cable
machines, iron and allied electrical items and finished goods and all present
and future book debts. |
|
Date of instrument Creating the charge |
26.03.2013 |
|
Amount secured by the charge |
Rs. 16.000 Millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Cash Credit- Base Rate+ 4.50%= 14.75% ADHOC Limit- Base Rate + 6.50% Terms of Repayment Payable on demand Margin 25% on stocks, spare parts, stores and finished goods Extent and Operation of the charge Cash Credit (Hypothecation) of Rs. 9.000 Millions. Bank Guarantee of Rs. 3.000 Millions. ADHOC limit of Rs. 4.000 Millions |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Factory Godowns at Udyog Vihar, Chorhata, Rewa (M.P.) |
|
Date of instrument modifying the charge |
13.08.2010 |
|
Particulars of the present modification |
Cash Credit (Hypothecation) of Rs. 9.000 Millions Bank Guarantee of Rs. 3.000 Millions. ADHOC limit of Rs. 4.000 Millions |
TRADE REFERENCES:
- Sunny Steel
Traders
- Umang
Engineering
- V.V.
Enterprises
FIXED ASSETS:
- Building
- Furniture
- Machinery
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. 59.70 |
|
|
1 |
Rs. 92.25 |
|
Euro |
1 |
Rs. 78.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
0 |
|
--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.