|
Report Date : |
06.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
NIRMAL WIRES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
19.10.1981 |
|
|
|
|
Com. Reg. No.: |
21-034204 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.477 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28909WB1981PTC034204 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Subject is engaged in Manufacturing. Supplying and Exporting of a
Commendable |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 1226000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Even though the company has seen an increase in its sales turnover, there
appears a dip in the net profitability during 2013. However, the position of
reserves seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported as slow but correct. The company can be considered for 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
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
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been
named the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in April-August
this year to 2.3 % compared with 6.3 % in the corresponding period next
financial year.
$19 million
Estimated average spending by companies across the globe including
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in
Analysts believe the
shutdown of the
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 DENIED BY
MANAGEMENT NON CO-OPERATIVE (91-33-22698863)
LOCATIONS
|
Registered Office : |
|
|
Tel. No.: |
91-33-22698863/22689172 |
|
Fax No.: |
91-33-22692466 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 11.09.2013
|
Name : |
Mr. Nirmal Kumar Saraf |
|
Designation : |
Managing Director |
|
Address : |
|
|
Date of Birth/Age : |
26.01.1959 |
|
Date of Appointment : |
19.10.1981 |
|
DIN No.: |
00148591 |
|
Voter ID No.: |
DKN2825792 |
|
|
|
|
Name : |
Mr. Ramutar Saraf |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
02.11.1938 |
|
Date of Appointment : |
19.10.1981 |
|
DIN No.: |
00621060 |
|
Voter ID No.: |
DKN2826824 |
|
|
|
|
Name : |
Ms. Radha Raman Saraf |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
20.09.1963 |
|
Date of Appointment : |
03.04.2010 |
|
DIN No.: |
00621121 |
|
Voter ID No.: |
DKN2825784 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 11.09.2013
|
Names of Shareholders |
No. of Shares |
|
|
|
|
Triveni Devi Saraf |
1900 |
|
Nirmal Kumar Saraf |
16124 |
|
Radha Raman Saraf |
14907 |
|
Piyush Saraf |
5210 |
|
Sudha Saraf |
40 |
|
Ramautar Saraf (HUF) ' |
3750 |
|
Ramautak Saraf (SELF) |
11467 |
|
Nirmal Kumar Saraf (HUF) |
11987 |
|
Radha Raman Saraf (HUF) |
12107 |
|
Piyush Saraf (HUF) |
10035 |
|
Varun Saraf |
4850 |
|
Shraddha Saraf |
4950 |
|
Seema Saraf |
4910 |
|
Gajendra Mercantiles Private Limited, |
102100 |
|
Triveni Wire Craft Private Limited |
137 |
|
|
|
|
TOTAL |
204474 |
As on: 11.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
50.00 |
|
Other top fifty shareholders |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Subject is engaged in Manufacturing. Supplying and Exporting of a
Commendable |
||||||
|
|
|
||||||
|
Products : |
œ Galvanised Steel
Wires œ Galvanised
Stranded Wires œ HTGS Earthwires œ All Aluminum
Conductor (AAC) œ Aluminum Steel
Reinforced (ACSR) œ Welding
Electrodes œ Hot Rolled
Products œ Deformed Steel
Bars |
GENERAL INFORMATION
|
Customers : |
·
·
·
Uttar Pradesh Power Transmission Company
Limited, ·
·
·
·
Madhyanchal Vidyut Vitran Nigam Limited, · Purvanchal Vidyut Vitaran Nigam Limited. ·
Paschimanchal Vidyut Vitran Nigam Limited, ·
Subhash Project and Marketing Limited, · Shyama Power. ·
Nagarjuna Construction Limited, · Supreme and Company ·
Indo Power Projects Limited, ·
Ramjee Power Construction Limited, |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Bankers : |
Bank of |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
NOTE: Long Term
Borrowing Term loan from bank is secured by way of equitable
mortgage on the immovable properties comprising of factory land, building at
Other civil work situated at Deuld Howrah, The rate of Interest on the said Term Loan of fe, 3604.00obtained from Bank of Baroda Is @ 16,50% with mortify tests. Term ban is repayable after September 30, 2014 In 21 Installments beginning from December, 2014. First Installment comprising of Rs. 18.025 millions is payable In December, 2014,19 quarterly Installments comprising of Rs, 16.025 millions are payable from March, 201 to September, 2019 and last Installment comprising of Rs. 11.925 millions Is payable by November, 2019. Short Term
Borrowing Working capital loans are secured by hypothecation of present and future stock of raw materials, stock -In- process, finished goods stores and spares, plant and machinery in respect of Its protect situated at Madhyamgram and book debts and are also guarantee by the Directors of the Company jointly with the Directors of Prateek Wires Private Limited and is also secured by the corporate guarantees of Prateek Wires Private Limited and Gajendra Mrecantiles Private Limited |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Kumar Duggar and Associates Chartered Accountants |
|
Address : |
507, Marshall House, 33/1, Netaji Subhas Road, Kolkata – 700 001, West
|
|
Tel. No.: |
91-33-22306238 |
|
PAN No. : |
AAIFA2371A |
|
|
|
|
Associates/Subsidiaries : |
·
Central Stores Supplies Private Limited, ·
Concast Tie up Private Limited, ·
Gajendra Mercantiles Limited, ·
Prateek Wires Private Limited, ·
Triveni Wire Crafts private Limited, ·
Shleldarc Equipment Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
225000 |
Equity Shares |
Rs.100/- each |
Rs.22.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
204474 |
Equity Shares |
Rs.100/- each |
Rs.20.477 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
20.447 |
20.447 |
14.947 |
|
(b) Reserves & Surplus |
286.238 |
281.753 |
171.454 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
306.685 |
302.200 |
186.401 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
122.253 |
2.457 |
2.690 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.020 |
0.092 |
|
(c) Other long term liabilities |
0.203 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
122.456 |
2.477 |
2.782 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
63.499 |
33.138 |
39.150 |
|
(b) Trade payables |
169.871 |
130.783 |
33.365 |
|
(c) Other current
liabilities |
19.482 |
8.175 |
1.331 |
|
(d) Short-term provisions |
3.436 |
2.402 |
7.802 |
|
Total Current Liabilities (4) |
256.288 |
174.498 |
81.648 |
|
|
|
|
|
|
TOTAL |
685.429 |
479.175 |
270.831 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
4.929 |
5.071 |
5.855 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
266.138 |
202.516 |
98.788 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.650 |
0.650 |
0.650 |
|
(c) Deferred tax assets (net) |
0.005 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.280 |
5.699 |
3.366 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
276.002 |
213.936 |
108.659 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
64.569 |
52.692 |
83.349 |
|
(c) Trade receivables |
301.879 |
144.299 |
58.727 |
|
(d) Cash and cash
equivalents |
21.433 |
56.469 |
8.301 |
|
(e) Short-term loans
and advances |
21.546 |
11.779 |
11.795 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
409.427 |
265.239 |
162.172 |
|
|
|
|
|
|
TOTAL |
685.429 |
479.175 |
270.831 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
761.702 |
637.726 |
362.762 |
|
|
|
Other Income |
4.815 |
7.224 |
1.539 |
|
|
|
TOTAL |
766.517 |
644.950 |
364.301 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of material consumed |
495.215 |
478.074 |
313.806 |
|
|
|
Purchase of stock in trade |
212.071 |
46.900 |
0.000 |
|
|
|
Changes in inventories of finished goods, stock-in-process and
stock-in-trade |
(21.158) |
30.692 |
(26.450) |
|
|
|
Employee benefit expenses |
6.217 |
5.294 |
4.546 |
|
|
|
Other expenses |
52.544 |
62.774 |
57.543 |
|
|
|
TOTAL |
744.889 |
623.734 |
349.445 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
21.628 |
21.216 |
14.856 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.126 |
11.639 |
4.197 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.502 |
9.577 |
10.659 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.965 |
1.163 |
1.214 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.537 |
8.414 |
9.445 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.052 |
3.008 |
3.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
4.485 |
5.406 |
6.437 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS BALANCE BROUGHT FORWARD |
36.560 |
30.761 |
24.324 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
41.045 |
36.560 |
30.761 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
0.383 |
0.903 |
0.270 |
|
|
TOTAL EARNINGS |
0.383 |
0.903 |
0.270 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
CIF Value of Imports |
NA |
NA |
0.000 |
|
|
TOTAL IMPORTS |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
34.46 |
40.75 |
48.53 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.58
|
0.84 |
1.77 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.86
|
1.32 |
2.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.56
|
3.05 |
5.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.03 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.60
|
0.12 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60
|
1.52 |
1.99 |
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 |
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 |
Yes |
|
19] |
Payments
terms |
No |
|
20] |
Export /
Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
Yes |
|
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 |
Yes |
|
34] |
External
Agency Rating, if available |
No |
UNSECURED LOAN:
|
Particulars |
31.03.2013 [Rs.
in Millions] |
31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
Deferred payment liabilities |
0.124 |
2.457 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Loan and advance from related parties |
0.000 |
17.235 |
|
|
|
|
|
Total |
0.124 |
19.692 |
LITIGATION DETAILS
CASE STATUS INFORMATION SYSTEM
|
Case Status
: Pending |
||
|
|
||
|
Status of CIVIL SUITS
(CS) 384
of 2012 |
||
|
|
||
|
QUALITY STEEL WIRE PRODUCTS PRIVAYE LIMITED Vs. NIRMAL
WIRES PRIVAYE LIMITED |
||
|
|
||
|
Pet's Adv.
: NILAY SENGUPTA
|
||
|
|
||
|
Res's
Adv. : |
||
|
|
||
|
Court No.
: 0 Last
Listed On : No Date Mentioned
|
||
|
|
||
|
Category :
MONEY CLAIMS/COMPENSATION/DAMAGES/MESNE PROFITS |
||
|
|
||
|
|
||
|
Case Updated on: Saturday, December
01, 2012 |
INDEX CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10260085 |
14/09/2012 * |
200,000,000.00 |
BANK OF |
|
B58008137 |
|
2 |
80046317 |
26/03/2013 * |
943,100,000.00 |
BANK OF |
|
B71536304 |
* Date of charge modification
FIXED ASSETS
·
Freehold land
·
·
Building
·
Plant and Machinery
·
Electrical Instruments
·
Generator
·
Pollution Control
Equipment
·
Office Equipment
·
Computer
·
Air Conditioners
·
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.61.79 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
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.