MIRA INFORM REPORT
|
Report Date : |
14.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRO MINERALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Ecospace Business Park, Block B, 6th Floor, Action
Area-II, Plot No. II, F/11, New Town, Rajarhat, Kolkata – 700156, West
Bengal |
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|
|
Country : |
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Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
21.09.2010 |
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|
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Com. Reg. No.: |
21-153241 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.1572.575 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U13100WB2010PTC153241 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALP09550C |
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|
|
PAN No.: [Permanent Account No.] |
AAFCP6696M |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Mining and Related Activities. |
|
|
|
|
No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 6300000 |
|
|
|
|
Status : |
Yet to commence its business operation |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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|
Comments : |
Even though the company was incorporated during 21st
September 2010. It is yet to commence its business operations. Mr. Sambit Sarangi, finance head has denied to provide any information
to us. As per available financial of 2013, the company has incurred huge pre
operating expenses which resulting into accumulated losses recorded by the
company. As per status in the registrar of companies business appears to be
active. Payment terms are unknown. The company can be considering for business dealing with great
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 DENIED BY
|
Name : |
Mr. Sambit Sarangi |
|
Designation : |
Finance Head |
|
Contact No.: |
91-33-40174100 |
|
Date : |
09.04.2014 |
LOCATIONS
|
Registered Office : |
Ecospace Business Park, Block B, 6th Floor, Action
Area-II, Plot No. II, F/11, New Town, Rajarhat, Kolkata – 700156, West
Bengal, India |
|
Tel. No.: |
91-33-40174100 to 4109 |
|
Mobile No.: |
91-9432011744 (Mr. Sambit Sarangi) |
|
Fax No.: |
91-33-40174110 |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Liaison Office : |
Pabitradiha, Near Orissa Agro-
Industries Corporation Office, Keonjhar -
758001, Orissa , India |
|
|
|
|
Work : |
Basantpur, Tehsil Barbil, Kendujhar -758034, Orissa, India |
DIRECTORS
As on 27.09.2013
|
Name : |
Mr. Sabyasachi Mishra |
|
Designation : |
Director |
|
Address : |
Flat No. 1701, Horizon Tower 3, P.O. Patharghata Uniworlds City, New
Town, North 24, Paraganas – 700135, West Bengal, India |
|
Date of Birth/Age : |
19.09.1967 |
|
Date of Appointment : |
21.09.2010 |
|
DIN No.: |
00233852 |
|
|
|
|
Name : |
Mr. Gaurav Dalmia |
|
Designation : |
Director |
|
Address : |
No. 1, Tees January Marg, New Delhi – 110011, India |
|
Date of Birth/Age : |
26.09.1965 |
|
Date of Appointment : |
09.12.2010 |
|
DIN No.: |
00009636 |
|
|
|
|
Name : |
Mr. Satyabrata Misra |
|
Designation : |
Director |
|
Address : |
Flat No. 1902, Horizon Tower 2, P.O. Patharghata Uniworlds City, New
Town, North 24, Paraganas – 700135, West Bengal, India |
|
Date of Birth/Age : |
02.01.1974 |
|
Date of Appointment : |
20.09.2010 |
|
DIN No.: |
01248858 |
KEY EXECUTIVES
|
Name : |
Mr. Uday Shankar Saha |
|
Designation : |
Secretary |
|
Address : |
AC-7, Deshbandhu Nagar, Kolkata North, 24 Parganas, Kolkata – 700059,
West Bengal, India |
|
Date of Birth/Age : |
15.04.1983 |
|
Date of Appointment : |
02.09.2011 |
|
PAN No.: |
COQPS7568B |
MAJOR SHAREHOLDERS
As on 27.09.2013
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Hari Machines Limited, India |
|
5000 |
|
Jyotimoyee International Private Limited, India |
|
505000 |
|
Navneet Trading and Investment Company Private Limited, India |
|
19260000 |
|
Aayush Manufacturers and Financiers Private Limited, India |
|
19146000 |
|
T.R. Investment Private Limited, India |
|
28267500 |
|
Khaitan Udyog Private Limited, India |
|
21044000 |
|
Nobel Consultancy Private Limited, India |
|
23160000 |
|
Shivshakti Communication and Investment Private Limited, India |
|
28400000 |
|
Mridu Hari Dalma and Abha Dalmia (Trustee of Mridu Hari Dalmia Parivar
Trust) |
|
250000 |
|
Raghu Hari Dalmia and Padma Dalmia (Trustee of R H Dalmia Family
Private Trust) |
|
250000 |
|
Total |
|
140287500 |
|
Names of Shareholders (Preference Shares) |
|
No. of Shares |
|
Kiran Resource Private Limited, India |
|
5625000 |
|
Gaurav Dalmia |
|
5625000 |
|
Sabyasachi Mishra |
|
5465000 |
|
Satyabrata Misra |
|
2892500 |
|
Alok Agarwal |
|
2892500 |
|
Total |
|
22500000 |
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2013
|
Category |
Percentage |
|
Bodies corporate |
99.69 |
|
Directors or relatives of Directors |
0.31 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Mining and Related Activities. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by management |
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Bankers : |
Bank of Baroda, India Exchange Branch, 4, India Exchange
Place, Kolkata - 700001, West Bengal, India |
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||||||||||||||||||
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Facilities : |
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|
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|
Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
V. Sankar Aiyar and Company Chartered Accountants |
|
Address : |
Delhi, India |
|
PAN No.: |
AAAFV0781D |
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Joint Venture : |
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|
Enterprise over which,
Individuals owning, directly or indirectly, an interest in the voting power
of the Company, is able to exercise significant influence : |
|
|
|
|
|
Enterprise over
which KMP is able to exercise significant influence : |
CIN No.: U70109WB1993PTC060083
|
CAPITAL STRUCTURE
As on 27.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17500000 |
Equity Shares |
Rs.10/- each |
Rs.1750.000 Millions |
|
25000000 |
Preference Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
Total |
|
Rs.2000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
140287500 |
Equity Shares |
Rs.10/- each |
Rs.1402.875 Millions |
|
22500000 |
Preference Shares |
Rs.10/- each |
Rs.225.000 Millions |
|
162787500 |
Total |
|
Rs.1627.875
Millions |
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17500000 |
Equity Shares |
Rs.10/- each |
Rs.1750.000 Millions |
|
25000000 |
Preference Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
Total |
|
Rs.2000.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
134757500 |
Equity Shares |
Rs.10/- each |
Rs.1347.575 Millions |
|
22500000 |
Preference Shares |
Rs.10/- each |
Rs.225.000 Millions |
|
|
Total |
|
Rs.1572.575
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 |
1,572.575 |
401.075 |
203.850 |
|
(b) Reserves & Surplus |
(10.636) |
(2.112) |
(0.249) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
9.100 |
96.900 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
1,571.039 |
495.863 |
203.601 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
2,913.528 |
950.990 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
28.705 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.275 |
0.652 |
0.151 |
|
Total Non-current Liabilities
(3) |
2,943.508 |
951.642 |
0.151 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.151 |
0.000 |
0.000 |
|
(b) Trade
payables |
4.850 |
3.454 |
1.202 |
|
(c) Other
current liabilities |
465.113 |
108.519 |
108.452 |
|
(d) Short-term
provisions |
2.190 |
1.191 |
0.131 |
|
Total Current
Liabilities (4) |
472.304 |
113.164 |
109.785 |
|
|
|
|
|
|
TOTAL |
4,986.851 |
1,560.669 |
313.537 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
65.568 |
42.741 |
26.510 |
|
(ii)
Intangible Assets |
3.147 |
2.155 |
0.000 |
|
(iii)
Capital work-in-progress |
3,162.358 |
999.301 |
133.152 |
|
(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 |
1,579.539 |
441.752 |
54.138 |
|
(e) Other
Non-current assets |
61.109 |
25.572 |
0.000 |
|
Total Non-Current
Assets |
4,871.721 |
1,511.521 |
213.800 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.000 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
107.643 |
48.657 |
99.041 |
|
(e)
Short-term loans and advances |
3.456 |
0.460 |
0.665 |
|
(f) Other
current assets |
0.031 |
0.031 |
0.031 |
|
Total
Current Assets |
111.130 |
49.148 |
99.737 |
|
|
|
|
|
|
TOTAL |
4,982.851 |
1,560.669 |
313.537 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
0.000 |
0.000 |
0.000 |
|
|
|
|
Other Income |
4.061 |
3.307 |
0.180 |
|
|
|
|
TOTAL |
4.061 |
3.307 |
0.180 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
11.284 |
4.121 |
0.369 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
(7.223) |
(0.814) |
(0.189) |
||
|
|
|
|
|
|
||
|
Less |
TAX |
1.300 |
1.050 |
0.060 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
(8.523) |
(1.864) |
(0.249) |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Capital Goods |
199.244 |
6.807 |
0.000 |
|
|
|
TOTAL IMPORTS |
199.244 |
6.807 |
0.000 |
||
|
|
|
|
|
|
||
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(0.05) |
NA |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(209.87) |
(56.37) |
(138.33) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.40) |
(0.15) |
(0.10) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.85 |
1.92 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.24 |
0.43 |
0.91 |
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 |
203.850 |
401.075 |
1572.575 |
|
Reserves & Surplus |
(0.249) |
(2.112) |
(10.636) |
|
Share Application money
pending allotment |
0.000 |
96.900 |
9.100 |
|
Net
worth |
203.601 |
495.863 |
1571.039 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
950.990 |
2913.528 |
|
Short term borrowings |
0.000 |
0.000 |
0.151 |
|
Total
borrowings |
0.000 |
950.990 |
2913.679 |
|
Debt/Equity
ratio |
0.000 |
1.918 |
1.855 |
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 |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
NATURE OF
OPERATIONS
The Company has been
promoted as a joint venture between Hari Machines Limited and Jyotirmoyee
International Private Limited. This JVC has been formed on 21st September, 2010
for setting up a fully Integrated Pellet Plant at Basantpur, Orissa.
FINANCIAL PERFORMANCE
As the Company has not yet commenced its commercial production, there is
only Interest on Bank Deposits amounting to Rs.4.035 Millions (2011-12 Rs.3.307
Millions) and the Company has posted a net loss after tax of Rs.8.523 Millions
(2011-12 Rs.1.864 Millions). The Company has incurred approximately Rs.3134.000
Millions (2011-12 Rs.1148.200 Million) towards cost of project under various
heads till 31st March, 2013.
FUTURE OUTLOOK OF THE
INDUSTRY
In the current market scenario when competition is so stiff and extensive and technological obsolescence is so rapid, the only survival route is to take resources to value addition schemes in diversified areas with simultaneous effort towards improving upon existing facilities. The company is committed and geared also to move forward for sustenance and better future.
The engineering activity for 20 MW captive power plant is
ongoing which will ensure sufficient and cost effective energy for operating a
state of art Integrated Plant. The necessary civil drawings are being released
for construction activity. This project is planned for completion in 2014.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10279187 |
27/09/2012 * |
4,650,000,000.00 |
Bank of Baroda, |
India Exchange Branch, 4, India Exchange Place, Kolkata - 700001, West Bengal, India |
B59332759 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.60.27 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
-- |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
26 |
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.