1. Summary Information
|
|
|
Country |
INDIA |
|
Company Name |
STELCO LIMITED |
Principal Name 1 |
MR. GAURAV RAJINDER KUMAR JINDAL |
|
Status |
SATISFACTORY |
Principal Name 2 |
MR. VIJAY KUMAR GOYAL |
|
|
|
Registration # |
16-013400 |
|
Street Address |
NEAR RAILWAY CROSSING, BATHINDA ROAD, RAMPURA PHUL, DISTRICT BATHINDA
– 151 103, PUNJAB |
||
|
Established Date |
03.06.1993 |
SIC Code |
-- |
|
Telephone# |
91-1651-304100 |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-1651-304142 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
COLD ROLLED AND SPHERIODIZED ANNEALED STEEL
STRIPS |
|
|
# of employees |
NOT AVAILABLE |
Product Name 2 |
HARDENED AND TEMPERED STEEL STRIPS |
|
Paid up capital |
RS.23,720,000/- |
Product Name 3 |
GANG SAW STEEL |
|
Shareholders |
BODIES CORPORATE-42.00% DIRECTORS OR RELATIVES OF DIRECTORS-58.00% |
Banking |
PUNJAB NATIONAL BANK |
|
Public Limited Corp. |
NO |
Business Period |
20 YEARS |
|
IPO |
NO |
International Ins. |
-- |
|
Public |
NO |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
340,018,000
|
Current Liabilities |
38,463,000
|
|
Inventories |
167,874,000
|
Long-term Liabilities |
337,116,000 |
|
Fixed Assets |
138,877,000 |
Other Liabilities |
22,081,000
|
|
Deferred Assets |
1,559,000 |
Total Liabilities |
397,660,000 |
|
Invest& other Assets |
66,551,000 |
Retained Earnings |
293,499,000 |
|
|
|
Net Worth |
317,219,000 |
|
Total Assets |
714,879,000 |
Total Liab. & Equity |
714,879,000 |
|
Total Assets (Previous Year) |
596,817,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,223,875,000 |
Net Profit |
61,161,000 |
|
Sales(Previous yr) |
1,214,094,000 |
Net Profit(Prev.yr) |
83,356,000 |
|
Report Date : |
01.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
STELCO LIMITED (w.e.f. 04.08.2000) |
|
|
|
|
Formerly Known
As : |
STELCO INDUSTRIES LIMITED (w.e.f. 12.06.1997) STELCO INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Near Railway Crossing, Bathinda Road, Rampura Phul, District Bathinda
– 151 103, Punjab |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on)
: |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
03.06.1993 |
|
|
|
|
Com. Reg. No.: |
16-013400 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.23.720
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310PB1993PLC013400 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AMRS13790A/ PTLS12595C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCS7936B |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of medium carbon, high carbon
and alloy steel cold rolled and hardened-tempered steel strips. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1269000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established company having a satisfactory track
record. There appears slight dip in profitability during the current year. However, general financial position seems to be strong. Performance
capability appears to be high. Trade relations are reported to be fair.
Business is active. Payments are reported to be usually correct and as per
commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit: BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
|
Date |
April, 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.
LOCATIONS
|
Registered Office/ Factory : |
Near Railway Crossing, Bathinda Road, Rampura Phul, District Bathinda
– 151 103, Punjab, India |
|
Tel. No.: |
91-1651-304100/ 220240/ 220980/ 224240/ 223326 |
|
Fax No.: |
91-1651-304142/ 221240 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located at: ·
·
·
Ahmedabad |
|
|
|
|
Overseas Office : |
2nd Floor, SISC Building, 27-31 Street. 9A, Trung Son
Residential Area, Nam Sai Gon Town, Ho Chi Minh City, Vietnam |
|
Tel. No.: |
+84-08-54319700 |
|
Fax No.: |
+84-08-54319698 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Gaurav Rajinder Kumar Jindal |
|
Designation : |
Whole Time Director |
|
Address : |
Near Star Resorts, Byepass Road, Rampura Phul, Bathinda – 151 103,
Punjab, India |
|
Date of Birth/Age : |
11.12.1980 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
01.03.2012 |
|
DIN No.: |
00112815 |
|
PAN No.: |
ADXPJ1445L |
|
|
|
|
Name : |
Mr. Vijay Kumar Goyal |
|
Designation : |
Director |
|
Address : |
223, NDMC Apartments, H-Block, Vikas Puri, New Delhi – 110 018, India |
|
Date of Birth/Age : |
24.04.1960 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
18.06.2009 |
|
DIN No.: |
00041514 |
|
|
|
|
Name : |
Mr. Pardip Kant Garkhail |
|
Designation : |
Director |
|
Address : |
C-222, Sector-19, Noida – 201 301, Uttar Pradesh, India |
|
Date of Birth/Age : |
10.05.1954 |
|
Date of Appointment : |
21.09.2009 |
|
DIN No.: |
00749050 |
|
|
|
|
Name : |
Mrs. Saroj Jindal |
|
Designation : |
Whole Time Director |
|
Address : |
Stelco Industries, Rampura Phul, Bathinda – 151 103, Punjab, India |
|
Date of Birth/Age : |
14.05.1956 |
|
Qualification : |
Graduation |
|
Date of Appointment : |
05.10.2009 |
|
DIN No.: |
02798739 |
|
PAN No.: |
ABBPJ1734G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
15000 |
|
Rajinder Kumar Jindal |
|
10000 |
|
Santosh Rani |
|
297000 |
|
Amiya Financial Services Limited, India |
|
448750 |
|
Gaurav Jindal |
|
364250 |
|
Ankita Jindal |
|
340000 |
|
Nidhi Jindal |
|
187000 |
|
Saroj Jindal |
|
160000 |
|
Citi Securities Private Limited, India |
|
550000 |
|
Total |
|
2372000 |
As on 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
42.00 |
|
Directors
or relatives of directors |
|
58.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of medium carbon, high carbon
and alloy steel cold rolled and hardened-tempered steel strips. |
||||||
|
|
|
||||||
|
Products/ Services : |
·
Cold Rolled and
Spheriodized Annealed Steel Strips ·
Hardened and Tempered
Steel Strips ·
Gang Saw Steel ·
Band Saw Steel
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank, Rampura Phul, Bathinda –
151 103, Punjab, India ·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Parel (West), Mumbai – 400 013, Maharashtra, India |
||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. Mittal and Company Chartered Accountants |
|
Address : |
Mittal Street, Amrik Singh Road, Bathinda – 151 103, Punjab, India |
|
PAN No.: |
AABCS9235K |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2372000 |
Equity Shares |
Rs.10/- each |
Rs.23.720
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 |
23.720 |
23.720 |
23.720 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
293.499 |
232.338 |
145.966 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
317.219 |
256.058 |
169.686 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
279.070 |
279.520 |
279.839 |
|
|
2] Unsecured Loans |
58.046 |
16.087 |
35.527 |
|
|
TOTAL BORROWING |
337.116 |
295.607 |
315.366 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.505 |
|
|
|
|
|
|
|
|
TOTAL |
654.335 |
551.665 |
485.557 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
138.877 |
107.621 |
72.299 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
66.551 |
4.481 |
4.188 |
|
|
DEFERRED TAX ASSETS |
1.559 |
0.766 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
167.874
|
146.748
|
141.577 |
|
|
Sundry Debtors |
293.410
|
273.415
|
243.277 |
|
|
Cash & Bank Balances |
36.347
|
42.794
|
51.783 |
|
|
Other Current Assets |
0.780
|
0.000
|
0.000 |
|
|
Loans & Advances |
9.481
|
20.992
|
32.944 |
|
Total
Current Assets |
507.892
|
483.949 |
469.581 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
25.603
|
13.068 |
38.375 |
|
|
Other Current Liabilities |
12.860
|
7.872
|
6.958 |
|
|
Provisions |
22.081
|
24.212
|
15.178 |
|
Total
Current Liabilities |
60.544
|
45.152 |
60.511 |
|
|
Net Current Assets |
447.348
|
438.797
|
409.070 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
654.335 |
551.665 |
485.557 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
1223.875 |
1214.094 |
870.607 |
|
|
|
Other Income |
6.344 |
1.815 |
2.191 |
|
|
|
TOTAL (A) |
1230.219 |
1215.909 |
872.798 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
933.381 |
-- |
-- |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(10.675) |
-- |
-- |
|
|
|
Employee benefit expense |
23.905 |
-- |
-- |
|
|
|
Other expenses |
127.010 |
-- |
-- |
|
|
|
Consumption materials changes inventories |
-- |
829.891 |
610.519 |
|
|
|
Manufacturing service costs |
-- |
159.205 |
121.211 |
|
|
|
Employee related expenses |
-- |
12.621 |
10.226 |
|
|
|
Administrative selling other expenses |
-- |
45.248 |
31.784 |
|
|
|
TOTAL (B) |
1073.621 |
1046.965 |
773.740 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
156.598 |
168.944 |
99.058 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
42.300 |
26.677 |
24.584 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
114.298 |
142.267 |
74.474 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
17.782 |
14.588 |
12.305 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
96.516 |
127.679 |
62.169 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
35.356 |
44.323 |
21.330 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
61.161 |
83.356 |
40.839 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
205.001 |
121.645 |
80.806 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
205.001 |
121.645 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
NA
|
89.044 |
62.198 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
27.413 |
|
|
|
Consumables |
NA |
NA |
2.030 |
|
|
|
Machinery |
NA |
NA |
1.356 |
|
|
TOTAL IMPORTS |
NA |
NA |
30.799 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
25.78 |
37.54 |
17.30 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
4.97 |
6.86
|
4.68 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.89 |
10.52
|
7.14 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.92 |
21.58
|
11.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.50
|
0.37 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.06 |
1.15
|
1.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.39 |
10.72
|
7.76 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
|
10) Designation of contact person |
No |
|
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 |
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 |
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 |
Yes |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
Term loans from banks |
|
|
Aggregate amount of loans guaranteed by directors |
43.212 |
|
Aggregate amount of loans guaranteed by others |
14.834 |
|
Total
|
58.046 |
|
Unsecured Loans |
31.03.2011 (Rs. in Millions) |
|
Loans directors unsecured |
4.850 |
|
Other debt unsecured |
11.237 |
|
Total |
16.087 |
RESULTS:
The company has
turnover and other income of Rs.1230.200 millions during 2011-12 as compared to
Rs.1215.900 millions during 2010-11. The Company has net profits (before tax)
of Rs.96.500 millions during 2011-12 as compared to Rs.127.700 millions during
2010-11. No dividend is being declared in view to conserve resources.
Industrial relations remain cordial during the year.
FIXED ASSETS:
·
Land
·
Building
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Computer
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.53.77 |
|
|
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
48 |
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.