|
Report Date : |
11.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
MILLENIUM MARBLES PRIVATE LIMITED
(w.e.f. 03.05.1999) |
|
|
|
|
Formerly Known
As : |
MANSI MARBLES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Airport Service Road, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
22.03.1999 |
|
|
|
|
Com. Reg. No.: |
11-119022 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.24.200 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH1999PTC119022 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM22739D/ MUMM19215A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM6102F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Importer of Granites, Natural Stones and Products. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 210000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability
of the company appears to be low. However, trade relations are reported as
fair. Business is active. Payments are reported to be slow but correct. The company can be considered for business dealings 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk |
|
Date |
10.09.2012 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
10.09.2012 |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sunil Lunawath |
|
Designation : |
Manager |
|
Contact No.: |
91-9829042675 |
|
Date : |
09.11.2013 |
LOCATIONS
|
Registered Office : |
Airport Service Road, |
|
Tel. No.: |
91-22-26631602/ 26175646/ 26177546 |
|
Mobile No.: |
91-9829042675 (Mr. Sunil Lunawath) |
|
Fax No.: |
91-22-26631602/ 26347148 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Survey No.269/1/1/1/3, Village Athal, PO Naroli, Silvassa – 396235, UT
of Dadra. |
|
Tel. No.: |
91-260-2650466 / 2650467 |
DIRECTORS
As on 23.09.2013
|
Name : |
Mr. Rajendra Agarwal |
|
Designation : |
Director |
|
Address : |
Airport Service Road, |
|
Date of Birth/Age : |
18.12.1959 |
|
Date of Appointment : |
22.03.1999 |
|
DIN No.: |
00145598 |
|
|
|
|
Name : |
Mr. Pramod Gupta |
|
Designation : |
Director |
|
Address : |
Airport Service Road, |
|
Date of Birth/Age : |
04.07.1958 |
|
Date of Appointment : |
12.08.2002 |
|
DIN No.: |
00349626 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil Lunawath |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Bela Agarwal |
|
952500 |
|
Amita Agarwal |
|
192500 |
|
Rajendra Agarwal |
|
732500 |
|
Vinita Agarwal |
|
442500 |
|
S D Agarwal (HUF) |
|
20000 |
|
Pitamber Agarwal |
|
80000 |
|
Total |
|
2420000 |
As on 23.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Granites, Natural Stones and Products. |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C/ Credit |
|
|
|
|
Purchasing : |
L/C/ Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
Punjab National Bank, International Banking Branch, 265, Birya
House, Bazargate Road, Fort, Mumbai – 400001, Maharashtra, India Tel. No.: 91-22-22676348
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
R. K. Malpani and Associates Chartered Accountants |
|
Address : |
103-A, Shyam Anukampa, O-11, Ashok Marg, C-Scheme, Jaipur – 302001, |
|
Tel. No.: |
91-141-2364313/ 2364513 |
|
Fax No.: |
91-141-2364413 |
|
E-Mail : |
|
|
PAN No.: |
AABFR2190M |
CAPITAL STRUCTURE
As on 23.09.2013
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 |
|
|
|
|
|
|
2420000 |
Equity Shares |
Rs.10/- each |
Rs.24.200 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 |
24.200 |
24.200 |
24.200 |
|
(b) Reserves & Surplus |
30.442 |
27.976 |
6.849 |
|
(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) |
54.642 |
52.176 |
31.049 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
23.771 |
14.780 |
16.991 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
23.771 |
14.780 |
16.991 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
67.912 |
46.402 |
60.847 |
|
(b) Trade
payables |
5.758 |
21.064 |
35.442 |
|
(c) Other
current liabilities |
7.326 |
10.354 |
2.760 |
|
(d) Short-term
provisions |
0.301 |
0.240 |
0.236 |
|
Total Current
Liabilities (4) |
81.297 |
78.060 |
99.285 |
|
|
|
|
|
|
TOTAL |
159.710 |
145.016 |
147.325 |
|
|
|
|
|
|
I.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
22.703 |
25.740 |
9.861 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.778 |
0.661 |
0.443 |
|
(d) Long-term Loan and Advances |
0.016 |
0.113 |
0.230 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
23.497 |
26.514 |
10.534 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
74.714 |
63.484 |
37.575 |
|
(c) Trade
receivables |
45.754 |
44.013 |
86.909 |
|
(d) Cash
and cash equivalents |
4.554 |
5.957 |
3.671 |
|
(e)
Short-term loans and advances |
10.600 |
2.980 |
8.575 |
|
(f) Other
current assets |
0.591 |
2.068 |
0.061 |
|
Total
Current Assets |
136.213 |
118.502 |
136.791 |
|
|
|
|
|
|
TOTAL |
159.710 |
145.016 |
147.325 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
322.208 |
293.293 |
251.984 |
|
|
|
Other Income |
2.483 |
0.289 |
0.270 |
|
|
|
TOTAL (A) |
324.691 |
293.582 |
252.254 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
282.198 |
292.041 |
217.704 |
|
|
|
Changes in inventories of finished goods, work-in-progress and
stock-in-trade |
(11.229) |
(45.153) |
(1.495) |
|
|
|
Employee benefit expenses |
3.009 |
2.589 |
2.850 |
|
|
|
Other expenses |
37.695 |
35.457 |
24.504 |
|
|
|
TOTAL (B) |
311.673 |
284.934 |
243.563 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.018 |
8.648 |
8.691 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.182 |
4.808 |
5.338 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.836 |
3.840 |
3.353 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.668 |
2.193 |
1.952 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
3.168 |
1.647 |
1.401 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.702 |
0.520 |
0.465 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.466 |
1.127 |
0.936 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
52.258 |
72.627 |
91.163 |
|
|
TOTAL IMPORTS |
52.258 |
72.627 |
91.163 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.02 |
0.47 |
039 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.76
|
0.38 |
0.37 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.98
|
0.56 |
0.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.99
|
1.14 |
0.95 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.03 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.68
|
1.17 |
2.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.68
|
1.52 |
1.38 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current maturities of long-term debt |
4.043 |
4.133 |
1.969 |
|
|
|
|
|
|
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 |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
No |
|
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 31.03.2013 |
As
on 31.03.2012 |
||||
|
Long Term
Borrowings |
|
|
||||
|
Other Loans and Advances |
14.200 |
1.103 |
||||
|
Total |
14.200 |
1.103 |
||||
|
Rs. In Millions
|
||||||
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10200367 |
30/09/2011 * |
347,500,000.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, 265, BIRYA HOUSE, BAZARGATE
ROAD, FORT, MUMBAI, Maharashtra - 400001, |
B23642366 |
|
2 |
10130590 |
19/02/2009 * |
164,431,966.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, 265, BIRYA HOUSE, BAZARGATE ROAD,
FORT, MUMBAI, Maharashtra - 400001, |
A58161340 |
|
3 |
10039061 |
22/12/2007 * |
133,221,966.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, 265, BIRYA HOUSE, BAZARGATE
ROAD, FORT, MUMBAI, Maharashtra - 400001, |
A30131866 |
|
4 |
90145025 |
11/03/2004 |
16,500,000.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, 265, BIRYA HOUSE, BAZARGATE
ROAD, FORT, MUMBAI, Maharashtra - 400001, |
- |
|
5 |
90143997 |
08/02/2004 * |
50,000,000.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, 265, BIRYA HOUSE, BAZARGATE
ROAD, FORT, MUMBAI, Maharashtra - 400001, |
- |
|
6 |
90143189 |
16/02/2013 * |
111,533,000.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, 265, BIRYA HOUSE, BAZARGATE
ROAD, FORT, MUMBAI, Maharashtra - 400001, |
B70504774 |
|
1 |
10200367 |
30/09/2011 * |
347,500,000.00 |
PUNJAB NATIONAL BANK |
INTERNATIONAL BANKING BRANCH, 265, BIRYA HOUSE, BAZARGATE
ROAD, FORT, MUMBAI, Maharashtra - 400001, |
B23642366 |
* Date of charge modification
FIXED ASSETS
·
· Plant and Machinery
· Electrical Installation
· Office Equipments
· Computers
·
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.62.73 |
|
|
1 |
Rs.100.92 |
|
Euro |
1 |
Rs.84.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.