MIRA INFORM REPORT
|
Report Date : |
16.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
RUTCON CONSTRUCTION PROJECTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
24/2, Saisamrth Park, Near Shidarth Hall Opposite, India Hum Pipe Company, Manikbag, Shihagad Road Pune – 411051, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.03.2010 |
|
|
|
|
Com. Reg. No.: |
11-135757 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200PN2010PTC135757 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNER11635B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR6837K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of providing services of developing, building, constructing and allied activities in respect of Commercial and Industrial building structure. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Rating reflects moderate risk profile due to low reserves and low
profitability. However, trade relation are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing 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.
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 PARTED BY
|
Name : |
Ms. Aarti Jadhav |
|
Designation : |
Accountant |
|
Contact No.: |
91-20-64703586 |
|
Date : |
15.12.2014 |
LOCATIONS
|
Registered Office : |
24/2, Saisamrth Park, Near Shidarth Hall Opposite, India Hum Pipe Company, Manikbag, Shihagad Road Pune – 411051, Maharashtra, India |
|
Tel. No.: |
91-20-64703586 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Dattatray Dagadu
Raut |
|
Designation : |
Director |
|
Address : |
1004, Maladad
Road- Raut Mala,, Ghulevadi, Ahmednagar - 422603, |
|
Date of Birth/Age : |
07.06.1977 |
|
Date of Appointment : |
11.03.2010 |
|
DIN No.: |
02864929 |
|
|
|
|
Name : |
Mr. Dagadu Karabhari
Raut |
|
Designation : |
Director |
|
Address : |
1004, Maladad Road-
Raut Mala,, Ghulevadi, Ahmednagar - 422603, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1949 |
|
Date of Appointment : |
11.03.2010 |
|
DIN No.: |
02930442 |
|
|
|
|
Name : |
Mr. Babulal Balubhai
Sayyad |
|
Designation : |
Director |
|
Address : |
28da, Kauthadi
Gavathan, Kauthadi, Daund, Pune - 413130, Maharashtra, India |
|
Date of Birth/Age : |
18.07.1981 |
|
Date of Appointment : |
10.09.2011 |
|
DIN No.: |
03466657 |
|
|
|
|
Name : |
Mrs. Pushpa Dattatray
Raut |
|
Designation : |
Director |
|
Address : |
1004, Maladad
Road- Raut Mala,, Ghulevadi, Ahmednagar - 422603, Maharashtra, India |
|
Date of Birth/Age : |
15.07.1979 |
|
Date of Appointment : |
12.01.2012 |
|
DIN No.: |
05154888 |
|
|
|
|
Name : |
Mr. Ramesh Laxmen
Lagad |
|
Designation : |
Director |
|
Address : |
A 304, Shriniwas
Crossover County, S. No. 12, Lagad Mala, Wadgaon Kh., Sinhgad Road, Pune -
411041, Maharashtra, India |
|
Date of Birth/Age : |
29.01.1974 |
|
Date of Appointment : |
16.10.2012 |
|
DIN No.: |
05243782 |
|
|
|
|
Name : |
Mr. Abhijeet Mahadik |
|
Designation : |
Director |
|
Address : |
FL No-06,
Sn-39/1+39/2/1/2, Sai Samarth Park, Wadgaon Bk, Manik Bag, Pune - 411041,
Maharashtra, India |
|
Date of Birth/Age : |
04.12.1978 |
|
Date of Appointment : |
04.09.2013 |
|
DIN No.: |
06678260 |
KEY EXECUTIVES
|
Name : |
Ms. Aarti Jadhav |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Dattatray Dagadu
Raut |
|
210000 |
|
Dagadu Karabhari
Raut |
|
35000 |
|
Pushpa Dattatray
Raut |
|
21000 |
|
Babulal Balubhai
Sayyad |
|
3499 |
|
Ramesh Laxmen
Lagad |
|
63000 |
|
Sachin S Jagtap |
|
17500 |
|
Abhijeet Mahadik |
|
1 |
|
Total |
|
350000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
95.00 |
|
Other top fifty shareholders |
5.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of providing services of developing, building, constructing and allied activities in respect of Commercial and Industrial building structure. |
|
|
|
|
Products : |
-- |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
-- |
|
|
|
|
Purchasing : |
-- |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
Not Divulged |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
· The Shamrao Vithal Co-Operative Bank Limited, S. No. 35 / 2 / 1 / 1, Vadgaon Budruk, Manik Baug, Sinhgad Road, Pune - 411051, Maharashtra, India · ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · Axis Bank Limited · Sant Sopankaka Sah Bank Limited · Union Bank of India |
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
CC= Rs.10.000 Millions / TL= Rs.46.500 Millions / BG= Rs.7.500
Millions (The Shamrao Vithal Co-Operative Bank Limited)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S R Pawar and Associates Chartered Accountants |
|
Address : |
Flat No 403 Uttara Wing, Suvidha Amber S No 28, Narhe Dhayri Road, Narhe,
Pune – 411041, Maharashtra, India |
|
PAN No.: |
AOAPP1831L |
|
|
|
|
Membership : |
-- |
|
|
|
|
Sister Concern : |
Rutcon Marketing India Private Limited |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.10/- each |
Rs.3.500 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.500 |
0.950 |
0.100 |
|
(b) Reserves & Surplus |
3.176 |
2.550 |
2.368 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.630 |
|
Total Shareholders’
Funds (1) + (2) |
6.676 |
3.500 |
3.098 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5.768 |
3.726 |
1.265 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
5.768 |
3.726 |
1.265 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.660 |
0.290 |
0.258 |
|
(b) Trade
payables |
30.259 |
26.758 |
7.469 |
|
(c) Other
current liabilities |
8.073 |
2.237 |
1.728 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.552 |
|
Total Current
Liabilities (4) |
38.992 |
29.285 |
10.007 |
|
|
|
|
|
|
TOTAL |
51.436 |
36.511 |
14.370 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
2.941 |
1.849 |
2.208 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.003 |
0.003 |
0.000 |
|
(c) Deferred tax assets (net) |
2.324 |
0.737 |
0.484 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.659 |
0.070 |
0.105 |
|
Total Non-Current
Assets |
5.927 |
2.659 |
2.797 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
24.615 |
27.406 |
7.973 |
|
(c) Trade
receivables |
12.591 |
2.423 |
2.200 |
|
(d) Cash
and cash equivalents |
3.740 |
1.940 |
0.348 |
|
(e)
Short-term loans and advances |
3.252 |
2.065 |
0.927 |
|
(f) Other
current assets |
1.311 |
0.018 |
0.125 |
|
Total
Current Assets |
45.509 |
33.852 |
11.573 |
|
|
|
|
|
|
TOTAL |
51.436 |
36.511 |
14.370 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL INCOME |
97.566 |
20.471 |
26.951 |
|
|
|
|
|
|
|
Less |
EXPENSES |
94.308 |
19.272 |
24.502 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
3.258 |
1.199 |
2.449 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.549 |
0.302 |
0.129 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.709 |
0.897 |
2.320 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.689 |
0.595 |
0.170 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
1.020 |
0.302 |
2.150 |
|
|
|
|
|
|
|
Less |
TAX |
0.394 |
0.120 |
0.746 |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
0.626 |
0.182 |
1.404 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.32 |
10.29 |
140.40 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.08 |
0.84 |
15.48 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.09 |
0.69 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.96 |
1.15 |
0.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.16 |
1.16 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
0.100 |
0.950 |
3.500 |
|
Reserves & Surplus |
2.368 |
2.550 |
3.176 |
|
Share Application money pending
allotment |
0.630 |
0.000 |
0.000 |
|
Net
worth |
3.098 |
3.500 |
6.676 |
|
|
|
|
|
|
long-term borrowings |
1.265 |
3.726 |
5.768 |
|
Short term borrowings |
0.258 |
0.290 |
0.660 |
|
Total
borrowings |
1.523 |
4.016 |
6.428 |
|
Debt/Equity
ratio |
0.492 |
1.147 |
0.963 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
26.951 |
20.471 |
97.566 |
|
|
|
(24.044) |
376.606 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
26.951 |
20.471 |
97.566 |
|
Profit |
1.404 |
0.182 |
0.626 |
|
|
5.21% |
0.89% |
0.64% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS ARE NOT AVAILABLE
|
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 |
CORPORATE
INFORMATION
Subject is a private limited company, incorporated under the provisions of Companies Act 1956. Subject is engaged in the business of providing services of developing, building, constructing and allied activities in respect of Commercial and Industrial building structure.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Deposit From Directors |
0.000 |
3.137 |
|
|
|
|
|
Total |
0.000 |
3.137 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10430485 |
20/05/2013 |
700,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
S. NO. 35 / 2 / 1 / 1, VADGAON BUDRUK, MANIK BAUG, SINHGAD ROAD, PUNE - 411051, MAHARASHTRA, INDIA |
B76870500 |
|
2 |
10418470 |
24/01/2014 * |
17,965,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
S. NO. 35 / 2 / 1 / 1, VADGAON BUDRUK, MANIK BAUG, SINHGAD ROAD, PUNE - 411051, MAHARASHTRA, INDIA |
B96749296 |
|
3 |
10335749 |
22/12/2011 |
1,200,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJARAT - 390015, INDIA |
B32208928 |
*Date of modification Charges
FIXED ASSETS:
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Motor Car
·
Computers
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.62.65 |
|
|
1 |
Rs.98.53 |
|
Euro |
1 |
Rs.78.02 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
30 |
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.