MIRA INFORM REPORT
|
Report Date : |
10.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRIME STEEL-TECH INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shop No.6, B Wing,
Tuljai CHS Limited, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
09.05.2011 |
|
|
|
|
Com. Reg. No.: |
11-217200 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36900MH2011PTC217200 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP29651G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCP0285P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer,
Supplier and Trader of Iron and Steel, Scaffolding Systems Round and Square Pipes,
MS Sheets, MS Plates and Casting Valves etc. |
|
|
|
|
No. of Employees
: |
9 (Approximately) |
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 150000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having
moderate track. The company possesses an acceptable financial profile marked by low
position of reserves along with a debt free capital structure during 2013. Management has reported a significant improvement in its sales volume
as well as net profitability in the books. The ratings also take into consideration the deterioration in its cash
reserves during the year under review. However, trade relations appear to be fair. Business is active.
Payment terms are reported as 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.
ECGC Country Risk Classification List – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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’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 : |
Ms. Mamta Desai |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-65260046 |
|
Date : |
11.03.2014 |
LOCATIONS
|
Registered Office / Branch Office : |
Shop No.6, B Wing,
Tuljai CHS Limited, |
|
Tel. No.: |
91-22-65260046 |
|
Fax No.: |
91-22-28640046 |
|
E-Mail : |
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|
Website : |
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|
|
|
|
Branch Office |
M.C.H. No.10-2-78/79, Manipur Colony, Lingojiguda, Saroor Nagar,
Rangareddy, District Hyderabad – 500034, Andhra Pradesh, India |
|
|
|
|
Other Branch Office : |
Located at
|
|
|
|
|
Factory : |
Plot No. 11, Survey No. 61 and 142, Village: Sasupada, Taluka: Vasai,
District Thane, Maharashtra, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Ms. Megha Dharmesh Bhatt |
|
Designation : |
Director |
|
Address : |
No.5, Nandadeep Chs, Near 19 Old MHB Colony, Link Road, Gorai,
Borivali (West), Mumbai – 400091, Maharashtra, India |
|
Date of Birth/Age : |
26.10.1978 |
|
Date of Appointment : |
09.05.2011 |
|
DIN No.: |
03339601 |
|
|
|
|
Name : |
Mr. Dharmesh Pradipkumar Bhatt |
|
Designation : |
Director |
|
Address : |
No.5, Nandadeep Chs, Near 19 Old MHB Colony, Link Road, Gorai,
Borivali (West), Mumbai – 400091, Maharashtra, India |
|
Date of Birth/Age : |
14.11.1977 |
|
Date of Appointment : |
09.05.2011 |
|
DIN No.: |
03356261 |
|
|
|
|
Name : |
Mr. Sachin Balasaheb Dhumal |
|
Designation : |
Additional Director |
|
Address : |
S. No.34/2, Swapnpurti, Lane No.03, Shivshambho Nagar, Katraj-Kondhwa
R, Katraj, Pune – 411 046, |
|
Date of Birth/Age : |
25.04.1977 |
|
Date of Appointment : |
30.01.2012 |
|
DIN No.: |
03587427 |
|
|
|
|
Name : |
Mr. Jayraj Pradipkumar Bhatt |
|
Designation : |
Additional Director |
|
Address : |
No.5, Nandadeep Chs, Near 19 Old MHB Colony, Link Road, Gorai,
Borivali (West), Mumbai – 400091, Maharashtra, India |
|
Date of Birth/Age : |
27.03.1984 |
|
Date of Appointment : |
30.01.2012 |
|
DIN No.: |
03570599 |
KEY EXECUTIVES
|
Name : |
Ms. Mamta Desai |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Megha Dharmesh Bhatt |
|
20500 |
|
Dharmesh Pradipkumar Bhatt |
|
19500 |
|
Total |
|
40000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Supplier and Service Provider of a wide array of products such as Props, Spans, Cuplock, H Frame, Stirrup Heads,
Shuttering Plates, Wallform, Solders, Couplers, Tie-rods, etc. |
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|
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Products : |
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|
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
Retailers and End Users |
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|
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|
No. of Employees : |
9 (Approximately) |
|
|
|
|
Bankers : |
Shamrao Vithal Co-operative Bank Limited, Borivali (East), Mumbai,
Maharashtra, India |
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|
|
|
Facilities : |
Cash Credit : Rs. 10.000 Millions |
|
|
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Pranita Nazar Chartered Accountants |
|
Address : |
1, Bhagyashree, Sonawala Road, Goregaon (East), Mumbai – 400063,
Maharashtra, India |
|
Tel No.: |
91-22-24301070 / 26863533 |
|
Mobile No.: |
91-9821246896 |
|
E-mail Id : |
|
|
PAN No.: |
ACMPN2208B |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
Rs.100/- each |
Rs.4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
40000 |
Equity Shares |
Rs.100/- each |
Rs.4.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
4.000 |
2.000 |
|
(b) Reserves & Surplus |
|
3.659 |
0.240 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
7.659 |
2.240 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
6.385 |
0.000 |
|
(d) long-term provisions |
|
1.910 |
0.110 |
|
Total
Non-current Liabilities (3) |
|
8.295 |
0.110 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
22.305 |
11.495 |
|
(c) Other current liabilities |
|
1.728 |
1.070 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
|
24.033 |
12.565 |
|
|
|
|
|
|
TOTAL |
|
39.987 |
14.915 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
0.157 |
0.206 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.116 |
0.107 |
|
(e) Other Non-current assets |
|
0.058 |
0.108 |
|
Total
Non-Current Assets |
|
2.331 |
0.421 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
11.919 |
4.992 |
|
(c) Trade receivables |
|
24.931 |
8.522 |
|
(d) Cash and cash equivalents |
|
0.320 |
0.881 |
|
(e) Short-term loans and advances |
|
0.486 |
0.099 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
37.656 |
14.494 |
|
|
|
|
|
|
TOTAL |
|
39.987 |
14.915 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
145.954 |
13.651 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
145.954 |
13.651 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
140.678 |
13.276 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
5.276 |
0.375 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.057 |
0.025 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
|
5.219 |
0.350 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
1.800 |
0.110 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
|
3.419 |
0.240 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.240 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
3.659 |
0.240 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
85.48 |
12.02 |
|
Expected Sales (2013-2014) : Rs.175.000 Millions
The above information has been parted by Mrs. Mamta Desai
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
PAT / Total Income |
(%) |
|
2.34 |
1.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
3.58 |
2.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
13.05 |
2.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
0.68 |
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.57 |
1.15 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
|
2.000 |
4.000 |
|
Reserves & Surplus |
|
0.240 |
3.659 |
|
Net worth |
|
2.240 |
7.659 |
|
|
|
|
|
|
long-term borrowings |
|
0.000 |
0.000 |
|
Short term borrowings |
|
0.000 |
0.000 |
|
Total
borrowings |
|
0.000 |
0.000 |
|
Debt/Equity
ratio |
|
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
|
13.651 |
145.954 |
|
|
|
969.182 |
NET PROFIT MARGIN
|
Net
Profit Margin |
|
31.03.2012 |
31.03.2013 |
|
|
|
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
|
13.651 |
145.954 |
|
Profit After Tax |
|
0.240 |
3.419 |
|
|
|
1.76% |
2.34% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last two years |
Yes |
|
12] |
Profitability for last two years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
Yes |
|
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) |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
REVIEW OF OPERATIONS
The Company has recorded
good performance during the year. During the year, the Company achieved gross
income from operations of Rs 145.953 Millions as compared to Rs 13.650 Millions
in the previous less than 11 months period, an increase of 970 %. The Company
earned profit before depreciation and taxation of Rs 5.275 Millions as against
Rs 0.375 Millions in the previous period, an increase of 1306 %. Net Profit
after tax was higher by about 1322% at Rs 3.419 Millions against Rs 0.240
Millions in the previous period overall, with good order booking position the
prospects of current year appears to be bright.
ABOUT STEEL
INDUSTRY
India is world’s
fourth largest producer of crude steel and going by the present treads, it is expected
to become the second largest producer by 2015. The steel sector today
contributes nearly 2% to the country’s GDP and provides employment to over five
lakh people. India’s per capita consumption is the lowest among leading steel
producers, and way below the world average. As the Indian Economy continues to
grow, consumption is bound to go up. Strong growth, in spite of a weak global
and domestic scenario, proves the inherent strength of the Indian Steel
Industry. India has raw materials available to meet the demand for steel and
achieve the target of 300 million m tonnes by 2025-26 set out under the Draft
National Steel Policy 2012.
VIEW INDEX OF
CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10443278 |
12/07/2013 |
10,000,000.00 |
The Shamrao
Vithal Co-operative Bank Limited |
Bal Vatsalaya
Bldg, Cross Road no.1, Borivali (East), Mumbai, Maharashtra - 400066, INDIA |
B82228263 |
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 records 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.60.07 |
|
|
1 |
Rs.100.56 |
|
Euro |
1 |
Rs.82.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
-- |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
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.