MIRA INFORM REPORT
|
Report Date : |
30.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
VIKRAM INDIA LIMITED |
|
|
|
|
Registered
Office : |
1 Old Court House Corner, Kolkata - 700001, |
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Country : |
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|
Financials (as on)
: |
31.03.2014 |
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Date of
Incorporation : |
01.01.1980 |
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Com. Reg. No.: |
21-032447 |
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Capital
Investment / Paid-up Capital : |
Rs. 56.199 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29253WB1980PLC032447 |
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|
IEC No.: |
Not Available |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
AABCV7862P |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer, Importer and Exporter of all types of Iron and Steel,
Ferrous and Non Ferrous Metals. |
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|
No. of Employees
: |
Information Declined by Management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42 ) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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 satisfactory track record. The rating takes into consideration extensive experiences of VIL’s
promoters in the tea processing machinery segment supported by sound
operational risk profile and fair profitability margins of the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB |
|
Rating Explanation |
Inadequate Credit Quality and High Credit
Risk |
|
Date |
22.09.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Ratings = A4+ |
|
Rating Explanation |
Minimal Degree of Safety and Very High
Credit Risk |
|
Date |
22.09.2014 |
RBI DEFAULTER’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTER’ 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
MANAGEMENT NON CO- OPERATIVE (91-33-26555685)
LOCATIONS
|
Registered Office : |
1 Old Court House Corner, Tobacco House, Kolkata - 700001, |
|
Tel. No.: |
91-33-22307299/26555685 |
|
Fax No.: |
91-33-22484881 |
|
E-Mail : |
DIRECTORS
As on. 30.09.2014
|
Name : |
Mr. Hari Krishna Choudhary |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
04.1201943 |
|
Date of Appointment : |
01.01.1989 |
|
PAN No.: |
ACMPC5346H |
|
DIN No.: |
01744503 |
|
|
|
|
Name : |
Mr. Anil Chaudhary |
|
Designation : |
Director |
|
Address : |
|
|
Date of Birth/Age : |
18.04.1947 |
|
Date of Appointment : |
28.09.1995 |
|
PAN No.: |
ACTPC0399R |
|
DIN No.: |
00897159 |
|
|
|
|
Name : |
Mr. Gyanesh Chaudhary |
|
Designation : |
Director |
|
Address : |
Shreeram Garden, 15 Belvedere Road, Kolkata – 700027, West Bengal,
India |
|
Date of Birth/Age : |
04.12.2977 |
|
Date of Appointment : |
07.08.1999 |
|
PAN No.: |
ACRPC8772A |
|
DIN No.: |
00060387 |
|
|
|
|
Name : |
Mr. Arun Chhhelshankar Vora |
|
Designation : |
Director |
|
Address : |
4, Pratik North Avenue and V.P.Road Corner, Santacruz (West), Mumbai –
400054, Maharashtra, India |
|
Date of Birth/Age : |
27.02.1944 |
|
Date of Appointment : |
21.05.2013 |
|
PAN No.: |
AABPV2260Q |
|
DIN No.: |
02059850 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of
Shareholders |
No. of Shares |
%age |
|
Hari Krishna Chaudhary |
34517 |
6.14 |
|
Chaudhary Urmila |
49390 |
8.79 |
|
Anil Chaudhary |
2172 |
0.39 |
|
Gyanesh Chaudhary |
42108 |
7.49 |
|
Chaudhary Nilam |
46850 |
8.34 |
|
Chaudhary Swaraj Vikram |
49200 |
8.75 |
|
Anil Chaudhary and Sons Huf |
35818 |
6.37 |
|
Chaudhary Meenakshi |
48942 |
8.71 |
|
Soumya Chaudhary |
39833 |
7.09 |
|
Agastya Vikram Chaudhary |
12100 |
2.15 |
|
Chaudhary Yashvi |
8700 |
1.55 |
|
Hari Krishna Chaudhary and Sons |
84034 |
14.95 |
|
Monolink Trexim Private Limited |
67000 |
11.92 |
|
Vikram Capital Management Limited |
41332 |
7.35 |
|
Total |
561996 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
19.28 |
|
Directors or relatives of Directors |
80.72 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Exporter of all types of Iron and Steel,
Ferrous and Non Ferrous Metals. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users, OEM’s and Others
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No. of Employees : |
Information Declined By Management |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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Financial
Institutions.: |
SREI Equipment Finance Private Limited Address.: Vishwakaram’, 86C, Topsia Road,
Kolkata – 700046, West Bengal, India |
|
Auditors : |
|
|
Name : |
Rustogi and Company |
|
Address : |
19, R N Mukherjee Road, Eastern Building, 1st Floor,
Kolkata – 700001, West Bengal, India |
|
PAN No.: |
AAUFS1566M |
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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. 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs. 100/- per Share |
Rs.60.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
561996 |
Equity Shares |
Rs. 100/-
per Share |
Rs.56.199
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 |
56.199 |
56.199 |
49.499 |
|
(b) Reserves & Surplus |
131.035 |
120.354 |
97.248 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
187.234 |
176.553 |
146.747 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
341.224 |
203.324 |
79.600 |
|
(b) Deferred tax liabilities (Net) |
3.504 |
1.315 |
1.769 |
|
(c) Other long term
liabilities |
12.839 |
2.279 |
0.000 |
|
(d) long-term
provisions |
10.332 |
9.633 |
7.904 |
|
Total Non-current
Liabilities (3) |
367.899 |
216.551 |
89.273 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
175.063 |
144.081 |
143.134 |
|
(b) Trade
payables |
119.003 |
142.252 |
163.297 |
|
(c) Other
current liabilities |
106.693 |
66.534 |
29.696 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
1.844 |
|
Total Current
Liabilities (4) |
400.759 |
352.867 |
337.971 |
|
|
|
|
|
|
TOTAL |
955.892 |
745.971 |
573.991 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
314.521 |
129.151 |
128.956 |
|
(ii)
Intangible Assets |
3.672 |
2.487 |
2.703 |
|
(iii)
Capital work-in-progress |
6.977 |
21.346 |
0.366 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
12.593 |
12.793 |
12.793 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
17.729 |
38.505 |
21.133 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
355.492 |
204.282 |
165.951 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
303.413 |
257.577 |
194.872 |
|
(c) Trade
receivables |
140.561 |
161.700 |
147.580 |
|
(d) Cash
and cash equivalents |
39.406 |
28.773 |
9.872 |
|
(e)
Short-term loans and advances |
85.139 |
81.223 |
45.442 |
|
(f) Other
current assets |
31.881 |
12.416 |
10.274 |
|
Total
Current Assets |
600.400 |
541.689 |
408.040 |
|
|
|
|
|
|
TOTAL |
955.892 |
745.971 |
573.991 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
731.693 |
674.556 |
647.966 |
|
|
|
Other Income |
1.384 |
1.411 |
0.526 |
|
|
|
TOTAL (A) |
733.077 |
675.967 |
648.492 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
449.992 |
426.512 |
363.604 |
|
|
|
Purchases of Stock-in-Trade |
20.283 |
18.855 |
88.852 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(41.020) |
(35.453) |
(28.736) |
|
|
|
Employees benefits expense |
56.690 |
50.977 |
44.193 |
|
|
|
Other expenses |
173.062 |
157.032 |
149.055 |
|
|
|
TOTAL (B) |
659.007 |
617.923 |
616.968 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
74.070 |
58.044 |
31.524 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
53.342 |
38.847 |
15.384 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
20.728 |
19.197 |
16.140 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.387 |
4.645 |
3.383 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.740 |
14.552 |
12.757 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.058 |
4.846 |
4.143 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
10.682 |
9.706 |
8.614 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
91.714 |
82.008 |
73.394 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
102.396 |
91.714 |
82.008 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
421.182 |
353.707 |
269.713 |
|
|
TOTAL EARNINGS |
421.182 |
353.707 |
269.713 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
2.142 |
1.592 |
28.830 |
|
|
TOTAL IMPORTS |
2.142 |
1.592 |
28.830 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.01 |
17.27 |
17.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.46 |
1.44 |
1.33 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
10.12 |
8.60 |
4.87 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.47 |
2.04 |
2.27 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.08 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.76 |
1.97 |
1.52 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50 |
1.54 |
1.21 |
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 |
49.499 |
56.199 |
56.199 |
|
Reserves & Surplus |
97.248 |
120.354 |
131.035 |
|
Net
worth |
146.747 |
176.553 |
187.234 |
|
|
|
|
|
|
long-term borrowings |
79.600 |
203.324 |
341.224 |
|
Short term borrowings |
143.134 |
144.081 |
175.063 |
|
Total
borrowings |
222.734 |
347.405 |
516.287 |
|
Debt/Equity
ratio |
1.518 |
1.968 |
2.757 |
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) |
|
Sales |
647.966 |
674.556 |
731.693 |
|
|
|
4.104 |
8.470 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
647.966 |
674.556 |
731.693 |
|
Profit |
8.614 |
9.706 |
10.682 |
|
|
1.33% |
1.44% |
1.46% |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED
LOAN
(Rs.
In Millions)
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Rupee Term Loans From Others |
240.498 |
151.373 |
|
Short Term
Borrowing |
|
|
|
Working Capital Loans From Banks |
175.063 |
144.081 |
|
Total |
415.561 |
295.454 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10519650 |
16/07/2014 |
233,500,000.00 |
State Bank of India |
Commercial Branch, Kolkata, 24, Park Street, Kolk |
C20367587 |
|
2 |
10437855 |
08/06/2013 |
50,000,000.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Be |
B80051790 |
|
3 |
10427194 |
26/03/2013 |
62,187,303.00 |
CANARA BANK |
PRINCEP STREET BRANCH, NO.5 CHOWRINGHEE APPROACH |
B75644427 |
|
4 |
10092703 |
10/01/2008 |
80,000,000.00 |
CANARA BANK |
PRINCEP STREET BRANCH, 25 PRINCEP STEET, KOLKATA, |
A33842493 |
|
5 |
10052540 |
17/02/2014 * |
369,000,000.00 |
CANARA BANK |
PRINCEP STREET BRANCH, 5, CHOWRINGHEE APPROACH RO |
C01159458 |
* Date of charge modification
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.63.63 |
|
|
1 |
Rs.98.98 |
|
Euro |
1 |
Rs.77.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SPR |
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 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
No |
|
--LISTED |
YES/NO |
No |
|
--OTHER MERIT FACTORS |
YES/NO |
Yes |
|
DEFAULTER |
|
|
|
RBI |
YES/NO |
No |
|
EPF |
YES/NO |
No |
|
TOTAL |
|
42 |
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
unfavorable 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.