MIRA INFORM REPORT
|
Report Date : |
06.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
COLOUR ROOF (INDIA) LIMITED |
|
|
|
|
Registered
Office : |
B-1/1, Mayur Ma-Krupa Co-operative Housing Society
Limited, Off Gokhale School, Shimpoli Road, Borivali (West), Mumbai – 400
092, Maharashtra |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.05.2000 |
|
|
|
|
Com. Reg. No.: |
11-126598 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.107.993 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH2000PLC126598 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMC08057A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC3215D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
The Company is engaged in the Steel Business |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1200000 |
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|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a moderate track record.
There appears drastic fall in the profitability during 2011-2012. However, the general financial performance seems to be good. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
FITCH |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
FITCH has suspended its rating due to lack of information |
|
Date |
September 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.
INFORMATION DECLINED BY
Management Non Co-operative (91-22-40957126)
LOCATIONS
|
Registered Office : |
B-1/1, Mayur Ma-Krupa Co-operative Housing Society Limited, Off Gokhale School, Shimpoli Road, Borivali (West), Mumbai – 400 092, Maharashtra, India |
|
Tel. No.: |
91-22-26904411 (Hunting Line) / 65704441 |
|
Fax No.: |
91-22-28991854 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Owned |
|
|
|
|
Corporate Office : |
B-601, Elegant Business Park, MIDC Road Number 2, J. B. Nagar, Andheri (East), Mumbai - 400 059 Maharashtra, India |
|
Tel. No.: |
91-22-4095 7000 (Hunting Line) |
|
Fax No.: |
91-22- 40957100 |
|
|
|
|
Factory 1 : |
J – 16, MIDC, Opposite Indal Taloja, District Raigad, |
|
Tel. No.: |
91-22-27402236 / 2227 / 27414229 / 27904229 |
|
Fax No.: |
91-22-27411821 |
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|
|
|
Factory 2 : |
Plot No. C-26/27, Sipcot Industrial Growth Centre, Perundarai – 638 052, District – Erode, Tamilnadu, India |
|
|
|
|
Factory 3: |
CRIL- Khapoli, Plot No. 42 to 45, Village Dheku, Post
Saigaon, Taluka - Khalapur, District- Raigad, |
|
|
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North Zonal Office : |
Located At
|
|
|
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East Zonal Office : |
Located At
|
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|
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Mumbai Region Sales Office : |
Located At
|
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South Zonal Headquarters |
Located At
|
DIRECTORS
As on 31.12.2012
|
Name |
Mr. Bhavin Kishore Thakkar |
|
Designation |
Director |
|
Address |
1401, 14th Floor, Raghunath Towers Co-operative Housing Society, Devidas Extension Road, Borivali (West), Mumbai – 400103, Maharashtra, India |
|
Date of Birth |
26.06.1964 |
|
Date of Appointment |
17.05.2000 |
|
PAN No. : |
AAAPT8279Q |
|
DIN No.: |
00001780 |
|
|
|
|
Name |
Mr. Jubin Kishore Thakkar |
|
Designation |
Director |
|
Address |
143,14th Floor, Vasukamal Tower Co-operative Housing Society Limited, Devidas Extension Road, Borivali (West) , Mumbai – 400103, Maharashtra, India |
|
Date of Birth |
12.09.1970 |
|
Date of Appointment |
17.05.2000 |
|
PAN No. : |
AACPT3129P |
|
DIN No.: |
00001822 |
|
|
|
|
Name |
Mrs. Sushila Kishore Thakkar |
|
Designation |
Director |
|
Address |
143,14thfloor, Vasukamal Tower Co-operative Housing Society Limited, Devidas Extension Road, Borivali (West) , Mumbai – 400103, Maharashtra, India |
|
Date of Birth |
21.07.1939 |
|
Date of Appointment |
18.11.2004 |
|
PAN No. : |
AADPT0748D |
|
DIN No.: |
00001782 |
|
|
|
|
Name : |
Mr. Senthilarumugam Thiruvadi |
|
Designation : |
Nominee Director |
|
Address : |
A3, 313, Sneha Apartment, Godavari, Block National, Game Village, Koramangala, Bangalore – 560047, Karnataka, India |
|
Date of Birth/Age : |
23.02.1956 |
|
Date of Appointment : |
24.02.2011 |
|
DIN No.: |
03431263 |
KEY EXECUTIVES
|
Name |
Mr. Hemant K. Borade |
|
Designation |
Company Secretary |
|
Address |
502, Mangal Archana, Nahur Gaon Mulund (West), Mumbai – 400080, Maharashtra, India |
|
Date of Birth |
24.09.1960 |
|
Date of Appointment |
20.11.2007 |
|
PAN No.: |
ABJPB8798G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.12.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bhavin Kishore Thakkar |
|
332520 |
|
Jubin kishore Thakkar |
|
722720 |
|
Sushila Kishore Thakkar |
|
256414 |
|
Manisha Bhavin Thakkar |
|
333894 |
|
Parul Jubin Thakkar |
|
158894 |
|
Mayank Jain |
|
20 |
|
Anuj Bhavin Thakkar |
|
7500 |
|
Miloni Bhavin Thakkar |
|
7500 |
|
Viraj Jubin Thakkar |
|
7500 |
|
Sheela Thoppil |
|
15000 |
|
Amzel Infotech Private Limited, India |
|
1008150 |
|
Boral Infotech Private Limited, India |
|
1215850 |
|
Tanjore Tradeplace Private Limited, India |
|
539000 |
|
Prefab Dwelling Limited, India |
|
620000 |
|
Santoor Impex Private Limited, India |
|
369312 |
|
KLT Automotive and Tubular Products Limited, India |
|
680000 |
|
Canabk Venture Capital Fund Limited, India |
|
2000000 |
|
Metal Roofing Contractors Private Limited, India |
|
25000 |
|
Vasanti Shree Brokers Limited, India |
|
20000 |
|
GRD Capital Markets Limited, India ai |
|
100000 |
|
Excel Infotech Limited, India |
|
1162500 |
|
Jayant N Parekh, Jointly Holders – Rupam Prakesh |
|
50000 |
|
Sensex Marketing Private Limited, India |
|
800000 |
|
Nishita K Shah |
|
25000 |
|
Rajesh B. Kalra |
|
2500 |
|
Shristie Business Private Limited, India |
|
310000 |
|
S Karpagam Vasanthan |
|
25000 |
|
Asha Devi Chamria |
|
5000 |
|
|
|
|
|
Total |
|
10799274 |
As on 31.12.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Venture Capital |
18.52 |
|
Bodies corporate |
63.43 |
|
Directors or relatives of directors |
16.92 |
|
Other top fifty (50) shareholder (o the than listed above ) |
1.13 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is engaged in the Steel Business |
||||||||||||||||
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|
Products : |
|
PRODUCTION STATUS (As on 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Colour Coated Coils/ Sheets and Steel Profiles. |
MT |
90000 |
12431 |
GENERAL INFORMATION
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Surya Associates Chartered Accountants |
|
Address : |
103, Deepika, Plot No. 37, Gokhale Road, Dahanukar Wadi,
Kandivali, Mumbai – 400067, Maharashtra, India |
|
Tel. No.: |
91-22-29671924 / 3648 |
|
Mobile No.: |
91-9820077823 |
|
Fax No.: |
91-22-29672236 |
|
E-Mail : |
|
|
PAN.: |
AARFS6853Q |
|
Subsidiaries : |
CRIL Pre Finish Metals FZC |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11000000 |
Equity Shares |
Rs.10/- each |
Rs.110.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10799274 |
Equity Shares |
Rs.10/- each |
Rs.107.993 Millions |
|
|
|
|
|
Disclosure of
shareholding more than five per cent in company
|
Name of shareholder |
Number of shares held in company |
Percentage of shareholding in company |
|
Jubin Kishore Thakkar |
7,22,720 |
6.69% |
|
Excel Infotech Limited |
11,62,500 |
10.76% |
|
Boral Infotech Private Limited |
12,15,850 |
11.26% |
|
Amzel Infotech Private Limited |
10,08,150 |
9.34% |
|
Sensex Marketing Private Limited |
8,00,000 |
7.41% |
|
Prefab Dwelling Limited |
6,20,000 |
5.74% |
|
KLT Automotive and Tubular Products Limited |
6,80,000 |
6.30% |
|
Canbank Venture Capital Fund Limited |
20,00,000 |
18.52% |
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 |
107.993 |
107.993 |
107.993 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
205.412 |
203.068 |
194.889 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
313.405 |
311.061 |
302.882 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
476.478 |
486.072 |
790.769 |
|
|
2] Unsecured Loans |
83.241 |
84.650 |
210.595 |
|
|
TOTAL BORROWING |
559.719 |
570.722 |
1001.364 |
|
|
DEFERRED TAX LIABILITIES |
4.299 |
3.379 |
11.509 |
|
|
|
|
|
|
|
|
TOTAL |
877.423 |
885.162 |
1315.755 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
494.413 |
515.899 |
550.308 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
30.023 |
30.022 |
30.023 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
977.905
|
959.014 |
947.604 |
|
|
Sundry Debtors |
606.104
|
339.444 |
352.418 |
|
|
Cash & Bank Balances |
59.097
|
108.501 |
135.093 |
|
|
Other Current Assets |
20.819
|
25.189 |
80.793 |
|
|
Loans & Advances |
270.845
|
209.982 |
88.301 |
|
Total
Current Assets |
1934.770
|
1642.130 |
1604.209 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
854.497
|
791.883 |
299.330 |
|
|
Other Current Liabilities |
721.543
|
493.665 |
538.693 |
|
|
Provisions |
5.743
|
17.341 |
31.196 |
|
Total
Current Liabilities |
1581.783
|
1302.889 |
869.219 |
|
|
Net Current Assets |
352.987
|
339.241 |
734.990 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.434 |
|
|
|
|
|
|
|
|
TOTAL |
877.423 |
885.162 |
1315.755 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1665.963 |
1378.862 |
1388.973 |
|
|
|
Other Income |
12.960 |
58.344 |
35.875 |
|
|
|
TOTAL (A) |
1678.923 |
1437.206 |
1424.848 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
795.135 |
561.292 |
|
|
|
|
Purchases of stock-in-trade |
552.086 |
576.869 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(38.008) |
(28.710) |
1244.420 |
|
|
|
Employee benefit expense |
68.624 |
54.422 |
|
|
|
|
Other expense |
112.105 |
87.514 |
|
|
|
|
TOTAL (B) |
1489.942 |
1251.387 |
1244.420 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
188.981 |
185.819 |
180.428 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
150.412 |
138.649 |
144.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
38.569 |
47.170 |
36.420 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
34.486 |
34.569 |
34.584 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
4.083 |
12.601 |
1.836 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.344 |
20.730 |
1.122 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.739 |
(8.129) |
0.714 |
|
|
|
|
|
|
|
|
|
Less |
TAX AND INTEREST
ON TAX FOR EARLIER YEAR |
NA |
0.000 |
0.037 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
16.182 |
15.505 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
0.600 |
0.000 |
|
|
|
Dividend |
NA |
10.799 |
0.000 |
|
|
|
Tax on Dividend |
NA |
1.752 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
23.761 |
16.182 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
201.785 |
453.840 |
|
|
TOTAL EARNINGS |
NA |
201.785 |
453.840 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
14.141 |
47.457 |
|
|
|
Stores & Spares |
NA |
0.380 |
3.735 |
|
|
|
Capital Goods |
NA |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
14.521 |
51.192 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.22 |
(1.92) |
0.06 |
|
%20LIMITED%20-%20220211%2006-May-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.10
|
(0.57) |
0.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.25
|
0.91 |
0.13 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.17
|
0.58 |
0.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.04 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.79
|
1.83 |
3.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22
|
1.26 |
1.85 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Creditors due others |
854.497
|
791.883 |
299.330 |
|
Total |
854.497
|
791.883 |
299.330 |
|
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 |
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 LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Long-term
borrowings |
|
|
|
Intercorporate borrowings |
50.000 |
0.000 |
|
Loans and advances from related parties |
33.241 |
84.650 |
|
Total |
83.241 |
84.650 |
FIXED ASSETS
·
Land and Site Development
·
Building
·
Pant and Machinery
·
Electrical Installation
·
Furniture and Fittings
·
Office Equipments
·
Vehicles
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.53.95 |
|
|
1 |
Rs.83.81 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
42 |
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.