MIRA INFORM REPORT
|
Report Date : |
10.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAMCO STEELS PRIVATE LIMITED |
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Registered
Office : |
LGF-6, Basement, J-1, Kailash Colony, New Delhi-110048 |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
30.03.1992 |
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Com. Reg. No.: |
55-048248 |
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Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
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CIN No.: [Company Identification
No.] |
U74899DL1992PTC048248 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
DELR07963E |
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PAN No.: [Permanent Account No.] |
AAACR0261K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturers and Exporters of Forged Components, Machine Components. |
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No. of Employees
: |
500 [Approximately] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 907052 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems some dip in the profit of the company during financial
year 2013. However networth of the company is satisfactory. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitment. The company can be considered normal 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 – 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 |
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Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 : |
Mr. Rabinder Kumar |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-129-4290500 |
|
Date : |
09.04.2014 |
LOCATIONS
|
Registered Office : |
LGF-6, Basement, J-1, Kailash Colony, New Delhi-110048, |
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Tel No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office : |
Plot No. 75, Sector 25, |
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Tel. No.: |
91-129-4061230 |
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Fax No.: |
91-129-4061229 |
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E-Mail : |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Brij Mohan Ram Avtar Mittal |
|
Designation : |
Managing Director |
|
Address : |
B-313, New Friends Colony, New Delhi-110065, India |
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Date of Birth/Age : |
21.06.1940 |
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Date of Appointment : |
16.05.2000 |
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Din No.: |
00047751 |
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Name : |
Mr. Paresh Brij Mohan Mittal |
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Designation : |
Director |
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Address : |
B-313, New Friends Colony, New Delhi-110065, India |
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Date of Birth/Age : |
06.02.1966 |
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Date of Appointment : |
28.09.1993 |
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Din No.: |
00047767 |
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Name : |
Mr. Nitin Brij Mohan Mittal |
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Designation : |
Director |
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Address : |
2nd Floor, D-827, New Friends Colony, New Delhi-110025,
India |
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Date of Birth/Age : |
11.12.1972 |
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Date of Appointment : |
18.12.1999 |
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Din No.: |
00047782 |
KEY EXECUTIVES
|
Name : |
Mr. Rabinder Kumar |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Brij Mohan Mittal |
750000 |
25.00 |
|
Darshan Mittal |
750000 |
25.00 |
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Paresh Mittal |
750000 |
25.00 |
|
Nitin Mittal |
750000 |
25.00 |
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TOTAL
|
3000000 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
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|
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Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporters of Forged Components, Machine Components. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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GENERAL INFORMATION
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Suppliers : |
Vardhman Steel |
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Customers : |
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No. of Employees : |
500 [Approximately] |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Borar and Associates Chartered Accountant |
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Address : |
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Tel. No.: |
91-129-2414987/ 2414227 |
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PAN No: |
ABCPB9313N |
CAPITAL STRUCTURE
AS ON 30.09.2013
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 |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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|
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|
|
I.
EQUITY AND LIABILITIES |
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|
|
|
(1)Shareholders' Funds |
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|
|
(a) Share Capital |
5.000 |
5.000 |
5.000 |
|
(b) Reserves &
Surplus |
221.763 |
198.199 |
157.474 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
226.763 |
203.199 |
162.474 |
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
71.190 |
47.890 |
39.591 |
|
(b) Deferred tax liabilities
(Net) |
11.727 |
10.294 |
9.064 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
2.013 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
82.917 |
58.184 |
50.668 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
162.045 |
124.152 |
106.259 |
|
(b) Trade payables |
1.932 |
0.839 |
0.166 |
|
(c) Other current
liabilities |
28.438 |
27.482 |
25.906 |
|
(d) Short-term provisions |
0.000 |
0.467 |
2.448 |
|
Total Current Liabilities
(4) |
192.415 |
152.940 |
134.779 |
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|
|
|
|
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TOTAL |
502.095 |
414.323 |
347.921 |
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
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|
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(a) Fixed Assets |
|
|
|
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(i) Tangible assets |
233.737 |
163.693 |
144.901 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.514 |
0.514 |
0.514 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8.834 |
9.723 |
16.998 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
243.085 |
173.930 |
162.413 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
10.000 |
10.166 |
0.000 |
|
(b) Inventories |
52.492 |
57.846 |
56.044 |
|
(c) Trade receivables |
184.338 |
156.425 |
113.803 |
|
(d) Cash and cash
equivalents |
1.350 |
2.681 |
2.967 |
|
(e) Short-term loans and
advances |
6.176 |
9.367 |
6.071 |
|
(f) Other current assets |
4.654 |
3.908 |
6.623 |
|
Total Current Assets |
259.010 |
240.393 |
185.508 |
|
|
|
|
|
|
TOTAL |
502.095 |
414.323 |
347.921 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
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|
SALES |
|
|
|
|
|
Income |
739.496 |
747.303 |
506.010 |
|
|
Other Income |
3.040 |
3.307 |
3.271 |
|
|
TOTAL |
742.536 |
750.610 |
509.281 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL |
683.019 |
665.890 |
458.582 |
|
|
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|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION
AND AMORTISATION |
59.517 |
84.720 |
50.699 |
|
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|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
24.734 |
21.871 |
17.675 |
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PROFIT/ (LOSS) BEFORE TAX |
34.783 |
62.849 |
33.024 |
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Less |
TAX |
11.220 |
22.125 |
10.494 |
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PROFIT/ (LOSS) AFTER TAX
|
23.563 |
40.724 |
22.530 |
|
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|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT
FORWARD (K) |
198.199 |
157.474 |
134.944 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE B/S |
221.762 |
198.199 |
157.474 |
|
|
|
|
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EARNINGS IN FOREIGN CURRENCY |
228.765 |
257.566 |
138.315 |
|
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IMPORTS |
|
|
|
|
|
Raw Materials |
0.681 |
0.000 |
0.000 |
|
|
Plant and Machinery |
12.416 |
6.626 |
11.640 |
|
|
Repair and Replacement |
0.249 |
0.000 |
0.000 |
|
|
Testing and Inspection Equipment |
0.125 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
13.471 |
6.626 |
11.640 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
51.13 |
81.45 |
45.06 |
Expected Sales (2013-14) : Rs.900.000 Millions.
The above information has been parted by Mr. Rabinder Kumar.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.17
|
5.43 |
4.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.70
|
8.41 |
6.53 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.93
|
15.19 |
9.51 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.15
|
0.31 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.03
|
0.85 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.35
|
1.57 |
1.37 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
157.474 |
198.199 |
221.763 |
|
Net worth |
162.474 |
203.199 |
226.763 |
|
|
|
|
|
|
long-term borrowings |
39.591 |
47.890 |
71.190 |
|
Short term borrowings |
106.259 |
124.152 |
162.045 |
|
Total borrowings |
145.850 |
172.042 |
233.235 |
|
Debt/Equity ratio |
0.898 |
0.847 |
1.029 |
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) |
|
Sales |
506.010 |
747.303 |
739.496 |
|
|
|
47.685 |
(1.045) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
506.010 |
747.303 |
739.496 |
|
Profit |
22.530 |
40.724 |
23.563 |
|
|
4.45% |
5.45% |
3.19% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
OPERATION:
During the financial
year 2012-13, the company has made export sales of Rs.230.042 Millions as
against the previous year’s export sales of Rs. 258.804 Millions and made
domestic sales of Rs. 444.053 Millions as against the previous year’s domestic
sales of Rs. 425.612 Millions. Due to Recession in the foreign market, the
Export sales of F.Y. 2012-13 has been decreased by 11.11% as compared to
previous year’s export sales, however, domestic sales of F.Y. 2012-13 has been
increased by 4.32% as compared to previous year’s domestic sales. In the
financial year 2012-13, the company has earned total revenue from operations of
Rs.739.496 Millions as against previous year’s total revenue from operations of
Rs. 747.303 Millions. Besides this, the company has earned other income of
Rs.3.040 Millions in F.Y. 2012-13 as against previous year figure of Rs.3.307
Lac.
Due to decrease in the exports sales, the company has
achieved operating profit of Rs.59.517 Millions as against previous year’s
operating profit of Rs. 84.720 Millions.
In the current
financial year, the Company has handsome orders in hand and expects better
working results.
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10474954 |
17/01/2014 |
10,000,000.00 |
The Hong Kong and
Shanghai Banking Corporation Limited |
25, Barakhama Road, New
Delhi - 110001, India |
B95237236 |
|
2 |
10463987 |
14/11/2013 |
84,762,760.00 |
Standard Chartered Bank |
10, Parliament Street,
New Delhi - 110001, |
B91033555 |
|
3 |
10462148 |
01/11/2013 |
15,000,000.00 |
The Hong Kong and
Shanghai Banking Corporation Limited |
25, Barakhama Road, New
Delhi - 110001, India |
B90321647 |
|
4 |
10428594 |
17/01/2014 * |
145,000,000.00 |
The Hong Kong and
Shanghai Banking Corporation Limited |
25, Barakhama Road, New
Delhi - 110001, India |
B93935997 |
|
5 |
10114131 |
19/11/2013 * |
326,207,000.00 |
Standard Chartered Bank |
10, PARLIAMENT STREET,
NEW DELHI, Delhi - 110001, |
B91037267 |
|
6 |
10115756 |
14/11/2013 * |
120,000,000.00 |
Standard Chartered Bank |
10, PARLIAMENT STREET,
NEW DELHI, Delhi - 110001, |
B91036517 |
* Date of charge modification
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Form Private
Body Corporates |
|
|
|
Parsee Leasing and Finvest Limited |
7.500 |
6.400 |
|
Vinsan Credit and Securities Limited |
5.000 |
3.600 |
|
Microteck Leasing and Finance Limited |
5.000 |
0.000 |
|
Moongipa Finance Limited |
2.500 |
0.000 |
|
From Directors |
9.905 |
4.104 |
|
TOTAL
|
29.905 |
14.104 |
FIXED ASSETS:
- Land
- Factory
Building
- Tube Well
- Plant and
Machinery
- Dies and
Tools
- Air
Conditioner
- Fax Machine
- Office
Equipments
- Car
- Motor Cycle
- Testing and
Lab Equipment
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.60.07 |
|
|
1 |
Rs.100.56 |
|
Euro |
1 |
Rs.82.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
7 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.