MIRA INFORM REPORT
|
Report Date : |
03.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
NARMADA IRON AND ASSOCIATES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A / 802 Nirman Complex, Stadium Circle, Navrangpura, Ahmedabad –
380009, Gujarat |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
31.07.2003 |
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|
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|
Com. Reg. No.: |
04-042706 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.26.350
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113GJ2003PTC042706 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMN02199B |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCN9675J |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Trader and Importer of Steel Products and Raw Materials. |
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|
|
|
No. of Employees
: |
20 (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 913000 |
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|
|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company has shown a huge growth in the turnover and profit during financial
year 2013. However, the profit margin of the company is low. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 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.
INFORMATION PARTED BY
|
Name : |
Mr. Shankar Nandkishore Sultania |
|
Designation : |
Director |
|
Contact No.: |
91-79-40050900 |
|
Date : |
02.04.2014 |
LOCATIONS
|
Registered Office : |
A/802 Nirman Complex, Stadium Circle, Navrangpura, Ahmedabad – 380009,
Gujarat, India |
|
Tel. No.: |
91-79-40050900/ 26560485/ 26562693/ 55300022/ 66300022 |
|
Mobile No.: |
91-9825006094 (Mr. Shankar Nandkishore Sultania) |
|
Fax No.: |
91-79-40050903/ 26562693 |
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E-Mail : |
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|
Website : |
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|
Area : |
3000 Sq. ft |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Venus Atlantis Corporate Park, Prahlad Nagar Road, Satellite, Ahmedabad – 380051, Gujarat, India |
|
|
|
|
Branch Office : |
4/59 Latif House, |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Shankar Nandkishore Sultania |
|
Designation : |
Director |
|
Address : |
Kanak Bhawan, 18, Basant Bahar, Near Sterling City Club, Bopal,
Ahmedabad – 380058, Gujarat, India |
|
Date of Birth/Age : |
01.03.1975 |
|
Date of Appointment : |
31.07.2003 |
|
PAN No.: |
AARHS2968G |
|
DIN No.: |
01709757 |
|
|
|
|
Name : |
Mr. Amar Nandkishore Sultania |
|
Designation : |
Director |
|
Address : |
B/2/82, Goyal Intercity, Opposite T.V. Tower, Thaltej, Ahmedabad –
380054, Gujarat, India |
|
Date of Birth/Age : |
28.11.1977 |
|
Date of Appointment : |
22.09.2004 |
|
PAN No.: |
ACEPS3091D |
|
DIN No.: |
01709836 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Nandkishore Bansidhar Sultania |
|
20998 |
|
Amar Nandkishore Sultania |
|
754000 |
|
Nidhi Shanker Sultania |
|
8000 |
|
Nandkishor Sultania HUF |
|
5000 |
|
Shankarprasad Nandkishore Sultania |
|
750000 |
|
Priyanka Sultania |
|
1 |
|
Suhsila Devi Sultania |
|
1 |
|
Metropolitan Carriage and Trading Company Limited |
|
582500 |
|
Lupin Tie Up Private Limited |
|
255000 |
|
Evershine Trade Link Private Limited |
|
259500 |
|
Total |
|
2635000 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
41.63 |
|
Directors or relatives of Directors |
58.37 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Steel Products and Raw Materials. |
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Imports : |
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Products : |
Steel Products and Raw Materials |
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Countries : |
· Japan · China · Korea · Russia · Ukraine |
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Terms : |
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Selling : |
L/C/ Cash and Credit (30 Days/ 60 Days) |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Steal Authority India Limited, Ahmedabad |
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Customers : |
Wholesalers and Retailers |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
· Central Bank of India, HLCC Area Branch, Navrangpura,, Ahmedabad - 380009, Gujarat, India · Centurian Bank of Punjab, 304, Prerna Arcade, Near Parimal Crossing, Off. C.G. Road, Ellisbridge,, Ahmedabad - 380006, Gujarat, India ·
HDFC Bank Limited, HDFC Bank Housesenapati
Bapat Marg, Lower Parel (West), Mumbai - 400013,Maharashtra, India |
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Facilities : |
NOTE: Nature of Security and Terms of Repayment for secured
borrowings: Working Capital Loan from HDFC Bank of India is secured by the stock
and book debts of the company and personal guarantee of the directors of the
company. Buyer's Credit Loan from HDFC Bank of India is secured by the stock
and book debts of the company and personal guarantee of the directors of the
company. |
|
Banking
Relations : |
-- |
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|
Auditors : |
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|
Name : |
Sunil Poddar and Company Chartered Accountants |
|
Address : |
301-305, Vraj Bhumi Complex, Navrangpura, Ahmedabad – 380009, Gujarat, India |
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Tel. No. : |
91-79-26402893/ 26431097 |
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Fax No. : |
91-79-26462614 |
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Income-tax
PAN of auditor or auditor's firm : |
ABEFS2044F |
CAPITAL STRUCTURE
As on 31.03.2013
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 |
|
|
|
|
|
|
2635000 |
Equity Shares |
Rs.10/- each |
Rs. 26.350
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 |
26.350 |
26.350 |
8.500 |
|
(b) Reserves & Surplus |
201.985 |
183.403 |
126.109 |
|
(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) |
228.335 |
209.753 |
134.609 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
49.331 |
42.006 |
52.609 |
|
(b) Deferred tax liabilities (Net) |
1.335 |
0.000 |
0.240 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
227.088 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
50.666 |
42.006 |
279.937 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
718.211 |
556.020 |
271.551 |
|
(b) Trade
payables |
103.773 |
117.774 |
0.000 |
|
(c) Other
current liabilities |
27.155 |
17.640 |
13.109 |
|
(d) Short-term
provisions |
7.246 |
3.615 |
4.707 |
|
Total Current
Liabilities (4) |
856.385 |
695.049 |
289.367 |
|
|
|
|
|
|
TOTAL |
1135.386 |
946.808 |
703.913 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.263 |
2.734 |
2.126 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
1.403 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6.687 |
0.687 |
0.687 |
|
(c) Deferred tax assets (net) |
0.000 |
0.392 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.012 |
0.032 |
|
Total Non-Current
Assets |
16.950 |
5.228 |
2.845 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
316.759 |
306.170 |
203.680 |
|
(c) Trade
receivables |
256.260 |
253.591 |
272.011 |
|
(d) Cash
and cash equivalents |
395.305 |
298.398 |
45.906 |
|
(e)
Short-term loans and advances |
132.128 |
71.030 |
179.447 |
|
(f) Other
current assets |
17.984 |
12.391 |
0.024 |
|
Total Current
Assets |
1118.436 |
941.580 |
701.068 |
|
|
|
|
|
|
TOTAL |
1135.386 |
946.808 |
703.913 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
2652.284 |
1919.447 |
1678.104 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2624.752 |
1913.296 |
1661.193 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
27.532 |
6.151 |
16.911 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.972 |
2.111 |
4.721 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
18.560 |
4.040 |
12.190 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
USD 8175.71 |
USD 469976.22 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
7.04 |
1.53 |
14.34 |
|
Expected Sales (2013-2014) : Rs. 3500.000 Millions
The above information has been parted by Mr. Shankar Nandkishore
Sultania (Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.70 |
0.21 |
0.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.44 |
0.65 |
2.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.03 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.36 |
2.85 |
2.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.35 |
2.42 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
8.500 |
26.350 |
26.350 |
|
Reserves & Surplus |
126.109 |
183.403 |
201.985 |
|
Net
worth |
134.609 |
209.753 |
228.335 |
|
|
|
|
|
|
long-term borrowings |
52.609 |
42.006 |
49.331 |
|
Short term borrowings |
271.551 |
556.020 |
718.211 |
|
Total
borrowings |
324.160 |
598.026 |
767.542 |
|
Debt/Equity
ratio |
2.408 |
2.851 |
3.361 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1678.104 |
1919.447 |
2652.284 |
|
|
|
14.382 |
38.180 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
1678.104 |
1919.447 |
2652.284 |
|
Profit |
12.190 |
4.040 |
18.560 |
|
|
0.73% |
0.21% |
0.70% |
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 |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES OF
LONG TERM DEBTS: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10100042 |
10/05/2012 * |
600,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST), MUMBAI - 400013, MAHARASHTRA, INDIA |
B38822854 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
49.331 |
42.006 |
|
Total |
49.331 |
42.006 |
CHANGE OF ADDRESS
The registered office of the company has been
shifted from Venus Atlantis Corporate Park, Prahlad Nagar
Road, Satellite, Ahmedabad – 380051, Gujarat, India to the present address.
PRESENT OPERATIONS
AND FUTURE PROSPECTS:
During the year, the overall performance of the company had been satisfactory. The total income of the Company was Rs. 2652.284 Millions against the previous year income of Rs. 191.447 Millions. The net profit of the Company during the year under review was Rs. 18.560 Millions as compared to the previous year's profit of Rs. 4.040 Millions. The Directors are hopeful to achieve better results in future.
FIXED ASSETS
· Air Conditioners / Office Equipment
· Cellular Phone
· Computer
· Toyota Corolla
· EPBX Systems
· Fax Machines
· Furniture and Fixtures
· Nissan Micra
· Honda Jazz
· Refridgerator
· Water Filter
· Volkswagen Vento Car
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.59.65 |
|
|
1 |
Rs.99.21 |
|
Euro |
1 |
Rs.82.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
4 |
|
--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 |
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.