MIRA
INFORM REPORT
|
Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
FAM ERECTORS AND LIFTERS PRIVATE LIMITED |
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Registered
Office : |
Shed C Jetha Properties Off Road, Sewree, Mumbai – 400015,
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
02.12.1985 |
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Com. Reg. No.: |
11-038218 |
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Capital Investment
/ Paid-up Capital : |
Rs.0.200 Million |
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CIN No.: [Company Identification
No.] |
U71110MH1985PTC038218 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF03463F |
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PAN No.: [Permanent Account No.] |
AAACF1840L |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Service Provider of Earth Moving Machinery
& Equipments, Excavators, Long Arm Excavators and Air Compressors. |
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No. of Employees
: |
Not Divulged |
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 |
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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. Rating reflects moderate financial risk profile due to loss incurred
by the company in the year 2013. However, trade relation are fair. Business is active. Payment terms
are 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict
Implications: Apex court order may alter coal import dynamics. Traders go
slowly on talks over coal supply contracts, uncertainty over cancellation of
blocks weigh on stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn Business Empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M a M Ramaswamy, a CBI official said.
Central Bureau of Investigation
books Electro herm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in Blue Ridge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had willfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
On Mobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
Not Available
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Murad Jetha |
|
Designation : |
Director |
|
Contact No.: |
91-9820290907 |
|
Date : |
02.12.2014 |
LOCATIONS
|
Registered Office : |
Shed C Jetha Properties Off Road, Sewree, Mumbai – 400015,
Maharashtra, India |
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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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Admin Office: |
No. 1/165, Zakeria Bunder Road, Near Masjid, Sewri Mumbai – 400015,
Maharashtra, India |
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Tel. No.: |
91-22-24130873/24115075 |
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Fax No.: |
91-22-24140386/24175519 |
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E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Ms. Fatima Anwar Jetha |
|
Designation : |
Director |
|
Address : |
Firdosh Manzil, Flaty No. 15-16 – 41, Bandstand, Bandra, Mumbai –
400050, Maharashtra, India |
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Date of Birth/Age : |
24.09.1950 |
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Date of Appointment : |
02.12.1985 |
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DIN No.: |
00628945 |
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|
Name : |
Mr. Murad anwar Jetha |
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Designation : |
Director |
|
Address : |
Firdosh Manzil, Flaty No. 15-16 – 41, Bandstand, Bandra, Mumbai –
400050, Maharashtra, India |
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Date of Birth/Age : |
02.11.1974 |
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Date of Appointment : |
01.04.1995 |
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DIN No.: |
00628502 |
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Name : |
Ms. Rahee Murad Jetha |
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Designation : |
Director |
|
Address : |
Firdosh Manzil, Flaty No. 15-16 – 41, Bandstand, Bandra, Mumbai – 400050,
Maharashtra, India |
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Date of Birth/Age : |
10.05.1979 |
|
Date of Appointment : |
08.06.2009 |
|
DIN No.: |
02662468 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Fatima Anwar Jetha |
7899 |
39.50 |
|
Murad Anwar Jethsa |
10081 |
50.40 |
|
Allena Anwar Jetha |
10 |
0.05 |
|
Aanya Murad Jetha |
10 |
0.05 |
|
Rahee Murad Jetha |
2000 |
10 |
|
Total |
20000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service Provider of Earth Moving Machinery
& Equipments, Excavators, Long Arm Excavators and Air Compressors. |
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|
Products : |
·
Excavator ·
Long Arm Excavator ·
Air Compressors ·
Generators ·
Dozers and Graders ·
Sheet Pilling |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
·
Gid’ds Son ·
Bardai Private Limited ·
GIB’s Sons India ·
Jetha Business Service Private Limited ·
Jokhu Marine Works ·
Kavin Infrastructure Solutions ·
Manoharlal Santaram Transport Private Limited ·
Maruti Aqua Control ·
C.C. Dangi and Associates ·
Shant Waste Company |
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Customers : |
·
Ahluwalia Contractors India Limited ·
Ammalines Private Limited ·
ASR Construction ·
B.M.C. Deonar Dumping Ground ·
Boppana Civil Constructions ·
Essar Projects India Limited ·
Gammon India Limited ·
Hindustan Construction Company Limited ·
NA Constructions Private Limited ·
KL Crescent Infra Private Limited |
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No. of Employees : |
Not Divulged |
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Bankers : |
· ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India ·
HDFC Bank Limited, HDFC Bank Housesenapati
Bapat Marg, Lower Parel (W), Mumbai - 400013, Maharashtra, India |
|||||||||||||||
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
· Reliance Capital Limited, "H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710, Maharashtra, India ·
Tata Capital Limited, One Forbes, Dr. V B
Gandhi Marg,Fort, Mumbai - 400001, Maharashtra, India |
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Auditors : |
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Name : |
C.C. Dangi and Associates Chartered Accountant |
|
Address : |
Office No.90, 134/136, D.N.Road, Above Macdonalds, Mumbai- -400001, Maharashtra, India |
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Tel. No.: |
91-22-22018650/22018651 |
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Mobile No.: |
91-9820334472 |
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E-Mail : |
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PAN No.: |
AAGFC5665B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
|
|
50,000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
20,000 |
Equity Shares |
Rs.10/- each |
Rs. 0.200
Million |
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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 |
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(1)Shareholders' Funds |
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(a) Share Capital |
0.200 |
0.200 |
0.200 |
|
(b) Reserves & Surplus |
10.103 |
25.319 |
21.049 |
|
(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) |
10.303 |
25.519 |
21.249 |
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(3)
Non-Current Liabilities |
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|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
2.623 |
0.146 |
-0.095 |
|
(c) Other long term liabilities |
2.089 |
0.935 |
1.367 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
4.712 |
1.081 |
1.272 |
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
144.058 |
126.491 |
97.987 |
|
(b) Trade payables |
9.056 |
11.253 |
17.847 |
|
(c) Other current
liabilities |
5.855 |
8.371 |
5.982 |
|
(d) Short-term provisions |
0.000 |
2.095 |
1.998 |
|
Total Current Liabilities (4) |
158.969 |
148.210 |
123.814 |
|
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|
|
|
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TOTAL |
173.984 |
174.810 |
146.335 |
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
119.457 |
125.177 |
74.462 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.003 |
37.942 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.018 |
0.018 |
0.018 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.725 |
1.725 |
1.725 |
|
(e) Other Non-current assets |
1.841 |
4.053 |
3.009 |
|
Total Non-Current Assets |
123.041 |
130.976 |
117.156 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
48.580 |
39.512 |
26.852 |
|
(d) Cash and cash
equivalents |
0.504 |
1.922 |
0.689 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
1.859 |
2.400 |
1.638 |
|
Total Current Assets |
50.943 |
43.834 |
29.179 |
|
|
|
|
|
|
TOTAL |
173.984 |
174.810 |
146.335 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
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|
Income |
|
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|
Other Income |
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TOTAL |
NA |
NA |
NA |
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|
EXPENSES |
|
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|
TOTAL |
NA |
NA |
NA |
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|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
22.066 |
39.003 |
NA |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
16.320 |
13.954 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.746 |
25.049 |
17.645 |
|
|
|
|
|
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|
|
|
|
DEPRECIATION/
AMORTISATION |
18.476 |
18.435 |
11.607 |
|
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|
|
|
|
|
PROFIT/LOSS
BEFOR TAX |
(12.730) |
6.614 |
6.038 |
|
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|
|
|
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|
TAX |
2.485 |
2.343 |
1.168 |
|
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|
|
|
PROFIT/LOSS
AFTER TAX |
(15.215) |
4.271 |
4.870 |
|
|
|
|
|
|
|
|
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|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
25.319 |
21.048 |
16.178 |
|
|
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
10.104 |
25.319 |
21.048 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(760.80) |
213.51 |
243.49 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.32) |
3.78 |
5.57 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(1.24) |
0.26 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
13.98 |
4.96 |
4.61 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.32 |
0.30 |
0.24 |
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 |
0.200 |
0.200 |
0.200 |
|
Reserves & Surplus |
21.049 |
25.319 |
10.103 |
|
Net worth |
21.249 |
25.519 |
10.303 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
97.987 |
126.491 |
144.058 |
|
Total borrowings |
97.987 |
126.491 |
144.058 |
|
Debt/Equity ratio |
4.611 |
4.957 |
13.982 |
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 |
No |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
|
Particular |
As
on 31.03.2013 (Rs.
in Millions) |
As
on 31.03.2012 (Rs.
in Millions) |
|
Short Term
Borrowing |
|
|
|
Loan from Others |
61.923 |
28.224 |
|
Total |
61.923 |
28.224 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10372664 |
31/07/2012 |
23,895,520.00 |
RELIANCE CAPITAL LTD |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City,
Koparkhairne, Navi Mumbai, Maharashtra - 4007 |
B56418270 |
|
2 |
10360306 |
26/05/2012 |
3,654,041.00 |
BAJAJ FINANCE LIMITED |
Akurdi Pune, Pune, Maharashtra - 411035, India |
B41496456 |
|
3 |
10339989 |
21/02/2012 |
1,296,653.00 |
BAJAJ FINANCE LIMITED |
Akurdi Pune-, Pune, Maharashtra - 411035, India |
B34039487 |
|
4 |
10326186 |
05/12/2011 |
13,513,072.00 |
HDFC BANK LIMITED |
HDFC Bank Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
B28991974 |
|
5 |
10297777 |
29/06/2011 |
2,699,730.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B17061128 |
|
6 |
10297768 |
29/06/2011 |
13,513,074.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B17057985 |
|
7 |
10273827 |
08/03/2011 |
2,998,160.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B08201634 |
|
8 |
10273828 |
08/03/2011 |
4,417,875.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B08201857 |
|
9 |
10268258 |
27/01/2011 |
13,513,074.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B06059000 |
|
10 |
10268257 |
21/01/2011 |
6,756,537.00 |
ICICI BANK LIMITED |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
B06055255 |
* Date of charge modification
FIXED ASSETS:
· Plant and Machinery
· Computer
· Office Equipment
· Furniture and Fixture
· Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions between
a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws, regulations
or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.88 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SMT |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
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.