MIRA INFORM REPORT
|
Report Date : |
29.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUNDER ROLLING MILLS PRIVATE LIMITED |
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Registered
Office : |
C/o. Mr. Avinash P. Jain, H/341, Ground Floor, New Rajendra Nagar, New
Delhi – 110 066 |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
01.05.2006 |
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Com. Reg. No.: |
55-148519 |
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Capital
Investment / Paid-up Capital : |
Rs.45.000
Millions |
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|
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CIN No.: [Company Identification
No.] |
U28111DL2006PTC148519 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS32984A |
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PAN No.: [Permanent Account No.] |
AAJCS9527N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is
engaged in the business of to set up rolling mill plant for producing all
kinds and all size of steel sections such as flats, angle, rounds, squares,
rails, joints, channels, steel strips, sheets, plates, deformed bars, plain
bars, shafting and steel structures. |
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|
|
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 796000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a
subsidiary of ‘Karamtara Steel Private Limited’. Subject is an
established company having a satisfactory track record. The company has
achieved a healthy growth in its sales turnover and profits during 2012. Trade relations
are reported to be decent. 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
conditions. |
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 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
BBB (Fund Based Bank Facilities) |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
|
Date |
February, 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 : |
C/o. Mr. Avinash P. Jain, H/341, Ground Floor, New Rajendra Nagar, New
Delhi – 110 066, India |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory : |
B-212, MIDC Industrial
Area, Opposite Indorama Gate No.6, Butibori, Nagpur – 441 122,
Maharashtra, India |
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Tel. No.: |
91-7104-265495 |
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Fax. No.: |
91-7104-265494 |
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Branch Office : |
702, Morya Marle II, New Link Road, Andheri (West), Mumbai – 400 053, Maharashtra, India |
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Tel. No.: |
91-22-26731000/ 40710000 |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Hanwant Manbir Singh |
|
Designation : |
Director |
|
Address : |
401, 4th
Floor, Goswami Towers, Jai Hind Society, 11th NS Road, Juhu,
Mumbai- 400 049, Maharashtra, India |
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Date of Birth/Age : |
02.03.1938 |
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Date of Appointment : |
09.09.2011 |
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DIN No.: |
00583469 |
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Name : |
Mr. Rajiv Singh |
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Designation : |
Director |
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Address : |
401, 4th Floor, Goswami Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai- 400 049, Maharashtra, India |
|
Date of Birth/Age : |
07.03.1973 |
|
Date of Appointment : |
09.09.2011 |
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DIN No.: |
01689209 |
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PAN No.: |
AMOPS1063P |
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|
|
|
Name : |
Mr. Tanveer Singh |
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Designation : |
Director |
|
Address : |
401, 4th Floor, Goswami Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai- 400 049, Maharashtra, India |
|
Date of Birth/Age : |
21.01.1970 |
|
Date of Appointment : |
09.09.2011 |
|
DIN No.: |
01689287 |
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|
|
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Name : |
Mr. Shreyans Jitendra Shah |
|
Designation : |
Director |
|
Address : |
B-122 Madhubav
Apartment Worli Hill Road, Worli, Mumbai – 400 018, Maharashtra, India |
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Date of Birth/Age : |
01.05.1974 |
|
Date of Appointment : |
09.09.2011 |
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DIN No.: |
01649714 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Karamtara Steel Private Limited, India |
|
4499999 |
|
Hanwant Manbir Singh |
|
1* |
|
Total |
|
4500000 |
* Holding for and on behalf of Karamtara Steel Private Limited, as a
nominee shareholder.
As on 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
99.99998 |
|
Directors
or relatives of directors |
|
0.00002 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is
engaged in the business of to set up rolling mill plant for producing all
kinds and all size of steel sections such as flats, angle, rounds, squares, rails,
joints, channels, steel strips, sheets, plates, deformed bars, plain bars,
shafting and steel structures. |
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Products/ Services : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Chokshi and Chokshi Chartered Accountants |
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Address : |
15/17, Raghavji ‘B’ Building, Ground Floor, Raghavji Road, Gowalia
Tank, Off Kemps Corner, Mumbai – 400 036, Maharashtra, India |
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PAN No.: |
AAAFC2633B |
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Holding Company
: |
Karamtara Steel Private Limited (KSPL), India (CIN No.: U31200MH2005PTC153385) |
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Holding Company
of KSPL: |
Karamtara
Engineering Private Limited, India (CIN No.: U45207MH1996PTC099333) |
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Associate
Companies : |
|
CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs.45.000
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 |
45.000 |
45.000 |
45.000 |
|
|
2] Share Application Money Pending Allotment |
95.000 |
50.000 |
0.000 |
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|
3] Reserves & Surplus |
58.930 |
4.410 |
3.664 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
198.930 |
99.410 |
48.664 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
137.012 |
28.692 |
101.269 |
|
|
2] Unsecured Loans |
25.000 |
0.000 |
112.903 |
|
|
TOTAL BORROWING |
162.012 |
28.692 |
214.172 |
|
|
DEFERRED TAX LIABILITIES |
11.706 |
6.646 |
5.990 |
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|
|
|
|
|
|
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TOTAL |
372.648 |
134.748 |
268.826 |
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
141.628 |
60.444 |
65.913 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
255.610
|
96.408
|
129.305 |
|
|
Sundry Debtors |
632.180
|
0.000
|
81.597 |
|
|
Cash & Bank Balances |
83.392
|
5.562
|
13.249 |
|
|
Other Current Assets |
32.945
|
0.572
|
0.000 |
|
|
Loans & Advances |
18.919
|
16.681
|
26.776 |
|
Total
Current Assets |
1023.046
|
119.223
|
250.927 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000
|
9.776 |
|
|
Other Current Liabilities |
773.305
|
44.919
|
12.390 |
|
|
Provisions |
18.721
|
0.000
|
26.031 |
|
Total
Current Liabilities |
792.026
|
44.919
|
48.197 |
|
|
Net Current Assets |
231.020
|
74.304
|
202.730 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.183 |
|
|
|
|
|
|
|
|
TOTAL |
372.648 |
134.748 |
268.826 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1515.000 |
314.100 |
609.172 |
|
|
|
Other Income |
NA |
NA |
9.768 |
|
|
|
TOTAL (A) |
NA |
NA |
618.940 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
NA |
NA |
550.359 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
550.359 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
97.800 |
10.200 |
68.581 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.100 |
2.700 |
27.263 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
89.700 |
7.500 |
43.318 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.300 |
5.800 |
9.678 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
81.400 |
1.700 |
31.640 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
26.900 |
1.000 |
12.582 |
|
|
|
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|
|
|
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|
PROFIT AFTER TAX
(G-H) (I) |
54.500 |
0.700 |
19.058 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
NA |
0.664 |
2.972 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
Proposed Dividend
(Equity) |
NA |
NA |
15.750 |
|
|
|
Tax on Dividend |
NA |
NA |
2.616 |
|
|
|
Transfer to
General Reserve |
NA |
NA |
3.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
0.664 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.11 |
0.16 |
4.23 |
|
.KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA |
NA
|
3.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.37 |
0.54
|
5.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.99 |
0.95
|
9.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.41 |
0.02
|
0.65 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.81 |
0.29
|
4.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
2.65
|
5.21 |
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 |
Yes |
|
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) |
31.03.2011 (Rs. in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from others |
25.000 |
0.000 |
|
Total |
25.000 |
0.000 |
Note
The registered office of the company has been shifted from DD-7, Kalkaji Extension, Opposite Post office, New Delhi – 110 019, India
to the present address w.e.f. 03.03.2011.
REVIEW OF OPERATIONS
The Company has
achieved Gross sales of Rs.1515.000 millions and profit before tax of Rs.81.400
millions for the Financial Year 2011-2012 as against Gross Sales of Rs.314.100
millions and profit before tax of Rs.1.700 millions in 2010-2011. There was an
increase of 382.33% in the Gross sales of the Company in the financial year
2011-12 as compared to the Financial Year 2010-2011. Earnings Before Interest,
Depreciation, Tax and Amortisation (EBITDA) was Rs.97.800 millions for the
Financial Year 2010-2011 as against Rs.10.200 millions in 2010-2011. The profit
for the year is Rs.54.500 millions as compared to Rs.0.700 million in the
previous year.
CURRENT AND FUTURE PLAN
The Company is
using the supply chain management model, by building / nurturing contractors
doing specific specialist activities by either financing them directly or
indirectly giving them interest free loans, etc. and entering into agreement
with such contractors for providing goods and services at concessional rate,
thereby resulting in commercial benefits in the long term to the Company. Board
is optimistic that financial year 2012-2013 would be better for the company.
Effective utilization of resources, cost cutting, widening of markets for
company’s products will contribute towards the growth of the company in this
new financial year.
MERGER
Karamtara
Engineering Private Limited (KEPL) is in the process of merging its three
subsidiaries viz. Karamtara Fasteners Private Limited (KFPL), Karamtara Steel
Private Limited (KSPL), and Sunder Rolling Mills Private Limited (SRMPL) with
itself.
Honble Bombay High
Court has already given order in favour of merger for KFPL and KSPL with KEPL.
Honble Delhi High Court has set the date of final hearing on merger of SRMPL
with KEPL in the month of October, 2012. However appointed date of merger is 1st
April 2012.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U28111DL2006PTC148519 |
|
Name of the
company |
SUNDER ROLLING
MILLS PRIVATE LIMITED. |
|
Address of the
registered office or of the principal place of business in India of the company |
C/o. Mr. Avinash
P. Jain, H/341, Ground Floor, New Rajendra Nagar, New Delhi – 110 066, India E-Mail: prasanta@karamtara.com |
|
This form is for
|
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10315138 |
|
Type of charge |
Book debts Movable property
(not being pledge) |
|
Particular of
charge holder |
Punjab National
Bank, Plot No.237, Baba House, 27th Road, Bandra (West), Mumbai –
400 050, Maharashtra, India E-Mail: ravinputhran@yahoo.co.in |
|
Nature of
instrument creating charge |
Deed of
Confirmation |
|
Date of
instrument Creating the charge |
29.03.2012 |
|
Amount secured
by the charge |
Rs.300.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest: BR+5%-1% liable to change from time. (CC) :BR+0.75%
at present subject to change from time to time by guidelines(PC/ FOBP/ FOUBP/
FOBNLC/ FOUBNLC) Terms of Repayment Fund Based CC(H) - one year PC/PS on running account - one year Non fund based ILC/FLC - usance 3 months ILG/FLG - 1 year maximum Margin 25% on stock of raw material and WIP for CC limit 25% on stock of finish goods and on stores and spares for CC limit 25% on book debts for CC limit 25% on stock of raw materials for pc limit 10% by way of FDRS for ILC/ FLC/ LG/ FLG limit Extent and Operation of the charge Punjab National Bank Bandra (West) Branch With Axis Bank Worli Branch
And Punjab and Sind Bank Juhu Branch On Pari Passu Basis |
|
Short
particulars of the property or asset(s) charged (including complete address
and location of the property) |
Stocks : Various raw
materials viz manufacturing material, raw materials including excisable raw
materials, stocks in process, semi finished goods, finished goods (including
bought out finished goods) Viz. Steel angle
NPG, M.S. Angle, H.T. Angle, M.S. Scrap, H.T. Billets, M.S. Inglots, coal,
stores and spares Book debts : Book debts
(sister concerns), book debts (others) outstanding decrees money receivables,
government subsidies, claims, bill contracts and investments Hypothecate with
and charge to the bank the goods and merchandise Stock of raw
materials, stock in process, semi finished and finished goods for pc limits FDRs duly
discharged as margin for ILC/ FLC/ LG/ FLG limits |
|
Date of
instrument modifying the charge |
12.01.2012 |
|
Particulars of
the present modification |
Charge Remains
at Rs.300.000 millions |
FIXED ASSETS:
·
Land
·
Buildings
·
Factory Building
·
Plant and Equipment
·
Tools and Equipments
·
Office Equipment
·
Vehicle
·
Computer
·
Furniture and Fixture
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.54.39 |
|
|
1 |
Rs.82.32 |
|
Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.