|
Report Date : |
30.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREY INDUSTRIES LIMITED (w.e.f. 20.04.2010) |
|
|
|
|
Formerly Known
As : |
SHREY INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
138-139, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
28.08.1996 |
|
|
|
|
Com. Reg. No.: |
55-148276 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 123.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74100DL1996PLC148276 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS30966F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS5988G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing of non ferrous metals |
|
|
|
|
No. of Employees
: |
Not Available |
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 1000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appears sharp dip in the turnover of the company during current year. The company
is also continuously incurring losses from its operations However, trade
relations are reported as fair. Business is active. Payments are reported to
be slow. The company can be considered for business dealing 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) |
|
India |
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
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Bank Facilities: BBB- |
|
Rating Explanation |
Moderate degree of safety. It Carry moderate credit risk |
|
Date |
29.03.2011 |
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 : |
138-139, |
|
Tel. No.: |
91-11-22248890/ 22248896 |
|
Fax No.: |
91-11-22248898 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Raman Gupta |
|
Designation : |
Director |
|
Address : |
F-73, Preet vihar, |
|
Date of Birth/Age : |
29.12.1959 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
25.10.1999 |
|
DIN No.: |
00106876 |
|
|
|
|
Name : |
Mrs. Kiran Gupta |
|
Designation : |
Director |
|
Address : |
F-73, Preet vihar, |
|
Date of Birth/Age : |
30.03.1961 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
25.10.1999 |
|
PAN No.: |
ACZPG3500E |
|
DIN No.: |
00033681 |
|
|
|
|
Name : |
Mr. Shrey Gupta |
|
Designation : |
Director |
|
Address : |
F-73, Preet vihar, |
|
Date of Birth/Age : |
30.04.1989 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.03.2010 |
|
DIN No.: |
01731869 |
|
|
|
|
Name : |
Mr. Rajpal Agnihotri |
|
Designation : |
Director |
|
Address : |
138/139, Main Road, Ghazipur, Delhi – 110096, India |
|
Date of Birth/Age : |
10.12.1964 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
02567747 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Met Trade (India) Limited |
|
12379400 |
|
Mr. Raman Gupta – Trustee of
Amar Devi Family Welfare Trusts Nominee Shareholder of Met Trade
(India) Limited |
|
100 |
|
Mr. Raman Gupta – Trustee of Mahajan Family Welfare Trust Nominee
Shareholder of Met Trade (India) Limited |
|
100 |
|
Mrs. Kiran Gupta Nominee shareholder of Met Trade (India) Limited |
|
100 |
|
Mr. Raman Gupta – Nominee Shareholder of Met Trade (India) Limited |
|
100 |
|
Mr. Shrey Gupta – Nominee Shareholder of Met Trade (India) Limited |
|
100 |
|
Ms. Shreya Gupta – 100 Nominee Shareholder of Met Trade (India)
Limited |
|
100 |
|
Total |
|
12380000 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of non ferrous metals |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
|
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Aluminum Alloys and Extrusions |
|
NA |
NA |
18000 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Barclays Bank PLC, Eros Corporate Towers, Nehru Place, New Delhi - 110019, Delhi, India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Daver Sikri and Company Chartered Accountant |
|
Address : |
4222/1, Ansari, Road, Daryagaj, New Delhi - 110002, India |
|
PAN.: |
AATPS9582J |
|
|
|
|
Holding Company : |
Met Trade (India) Limited. CIN No.: U27107DL1997PLC084906 |
|
|
|
|
Associates/Subsidiaries : |
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12380000 |
Equity Shares |
Rs.10/- each |
Rs. 123.800
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 |
123.800 |
123.800 |
123.800 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
179.331 |
212.210 |
219.065 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
303.131 |
336.010 |
342.865 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
61.339 |
346.548 |
406.875 |
|
|
2] Unsecured Loans |
0.000 |
0.551 |
2.102 |
|
|
TOTAL BORROWING |
61.339 |
347.099 |
408.977 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
364.470 |
683.109 |
751.842 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
28.488 |
32.878 |
37.728 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.306 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.233 |
0.191 |
0.156 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
203.871
|
203.787 |
231.250 |
|
|
Sundry Debtors |
6.741
|
33.337 |
237.837 |
|
|
Cash & Bank Balances |
0.900
|
134.648 |
159.888 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
326.468
|
404.048 |
104.407 |
|
Total
Current Assets |
537.980
|
775.820 |
733.382 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
201.174
|
124.919 |
10.217 |
|
|
Other Current Liabilities |
0.553
|
0.442 |
0.682 |
|
|
Provisions |
0.504
|
0.419 |
8.831 |
|
Total
Current Liabilities |
202.231
|
125.780 |
19.730 |
|
|
Net Current Assets |
335.749
|
650.040 |
713.652 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
364.470 |
683.109 |
751.842 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
276.616 |
1627.627 |
|
|
|
Other Income |
|
1.325 |
0.134 |
|
|
|
TOTAL (A) |
|
277.941 |
1627.761 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
|
0.000 |
121.179 |
|
|
|
Purchases of stock-in-trade |
|
271.513 |
1445.072 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
|
(0.084) |
(3.906) |
|
|
|
Employee benefit expense |
|
0.000 |
3.272 |
|
|
|
Other expenses |
|
35.521 |
61.611 |
|
|
|
Prior period items |
|
(0.477) |
1.892 |
|
|
|
Exceptional items |
|
0.000 |
0.173 |
|
|
|
TOTAL (B) |
|
306.473 |
1629.293 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
(28.532) |
(1.532) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
(28.532) |
(1.532) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
4.390 |
5.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
|
(32.922) |
(6.889) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
(0.043) |
(0.034) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
|
(32.879) |
(6.855) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Aluminium Scraps etc. |
|
0.000 |
40.777 |
|
|
TOTAL IMPORTS |
|
0.000 |
40.777 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
(2.66) |
(5.53) |
|
|
|
PARTICULARS |
|
|
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
1079.738 |
|
|
|
Other Income |
|
|
5.217 |
|
|
|
TOTAL (A) |
|
|
1084.955 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
|
|
895.162 |
|
|
|
Manufacturing service costs |
|
|
103.868 |
|
|
|
Contract cost |
|
|
13.605 |
|
|
|
Employee benefit expense |
|
|
0.195 |
|
|
|
Administrative selling other expenses |
|
|
18.752 |
|
|
|
TOTAL (B) |
|
|
1031.582 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
53.373 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
46.647 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
6.726 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
6.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
0.135 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
|
(0.086) |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
|
|
0.221 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Aluminium Scraps etc. |
|
|
198.924 |
|
|
TOTAL IMPORTS |
|
|
198.924 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(11.83)
|
(0.42) |
0.02 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(11.90)
|
(0.42) |
0.01 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.81)
|
(0.85) |
0.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.11)
|
(0.02) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.20
|
1.03 |
1.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.66
|
6.17 |
37.17 |
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 |
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 |
NOTE:
Registered office address of the company has
been sifted from Vakil Building 1st Floor, Model Town Road
Jalandhar, Delhi – 110096, India to present w.e.f 06.07.2006
PERFORMANCE AND
REVIEW
Financial Year 2011-12 was a challenging year for the Company. Sales of the company have declined to Rs. 276.616 Millions which is 81.83 % less than the previous year. Consequently the company has suffered a loss of Rs. 32.879 Millions during the financial year as compared to loss of Rs. 6.889 Millions during the previous year 2010-11.
NATURE OF OPERATION
The company is engaged in manufacturing of non ferrous metals at its plants at Kathua. However during the year company has done the trading sales and provided the procurement consultancy.
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Other loans and advances |
0.000 |
0.551 |
|
Total |
0.000 |
0.551 |
|
|
|
|
CONTINGENT LIABILITIES
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Demand Outstanding (Net of Paid) Indirect Tax |
0.184 |
0.184 |
FIXED ASSETS
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 : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
YES |
|
--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.