|
Report Date : |
29.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
VISHVA-VISHAL ENGINEERING LIMITED |
|
|
|
|
Registered
Office : |
31, Maker Chambers III, 3rd Floor, Nariman Point, Mumbai –
400021, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.10.1985 |
|
|
|
|
Com. Reg. No.: |
11-035656 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L28920MH1985PLC035656 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV11365E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACV1290N |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacturer of Refractories. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Trade relation reported to be fair. Business is active. Payment terms
are reported to be usually correct. The company can be considered for business dealing at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
INDIAN ECONOMIC OVERVIEW
The services sector, the largest contributor to India’s GDP, contracted
for the sixth consecutive month in December, as orders dipped. However, hiring
has risen. Direct tax collections rose 12.3 % during the April – December
period of the current financial year. The government has decided to
retain 100 per cent foreign direct investment in both greenfield (new) and
brown field (existing) pharmaceutical companies, despite concerns over genetic
drugs going out of production, if multi-national companies take over domestic
ones. In M&A deals, a non compete clause would not be allowed, except in
special circumstances. The Department of Industrial Policy and Promotion plans
to release the next edition of its consolidated foreign direct investment
policy document on March 31, incorporating changes made in the past year. DIPP
compiles all policies related to India’s FDI regime into a single document to
make it easy for investors to understand. 185 million estimated number of
mobile internet users in India by June 2014, according to a report by the
Internet & Mobile Association of India and IMRB International. India
had 110 million mobile internet users with 25 million in rural areas. $3.77 tn
estimated global IT spending in 2014, according to research firm Gartner Inc.
The growth forecast for this year is cut to 3.1 %from the earlier estimate of
3.5 %. The spending growth forecast for telecom services – a segment that
accounts for more than 40 % at total IT spending – from 1.9 per cent to 1.2 per
cent is the main reason for this overall IT cut. A Reserve Bank of India committee
has recommended setting up a special category of lenders who would cater to
small businesses and households, to expand the number of customers with access
to banking services. These banks would focus onproviding payment services and
deposit products. Indian banks want the free use of automated teller
machines to be capped at five transactions in a month including that of the
bank in which the account is active. This follows state government order to
banks to install security guards at ATM booths after a woman banker was
assaulted in Bangalore. The government is likely to present a vote on Account
in mid-February. The annual Economic Survey will be tabled later in Parliament
along with the full Budget. A full Budget for 2014/15 is likely to be present
in July by the new government formed after the General Election. The government
will soon launch an internet spy system, called Netra, to detect malafide
messages. Security agency will deploy the system to capture dubious voice
traffic on applications such as Skype and Google Talk, as well as tweeters.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund based limits: “BBB -“ |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
March 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based limits: “A3“ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
March 2013 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Salil Verma |
|
Designation : |
General manager in finance |
|
Contact No.: |
91-9329021259 |
|
Date : |
28.01.2014 |
LOCATIONS
|
Registered Office : |
31, Maker Chambers III, 3rd Floor, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-22831724 / 22844208 / 22043647 / 22871331 |
|
Mobile No.: |
91-9329021259 (Mr. Salil Verma) |
|
Fax No.: |
91-22-22873611 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Corporate/ Head Office/ Factory : |
4/5 Industrial Estate, |
|
Tel. No.: |
91-788-285101 /02 / 91-788-4088600 / 400 / 633 / 4082922 |
|
Fax No.: |
91-788-285103 / 381141 |
|
E-Mail : |
|
|
Area : |
2.5 Acers |
|
Location : |
Leased |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Arvind Kumar Jain |
|
Designation : |
Director |
|
Address : |
43, Nehru Nagar, Bhilai – 490020, Chhattisgarh, India |
|
Date of Birth/Age : |
31.10.1946 |
|
Qualification : |
B.E. (CIVIL) |
|
Date of Appointment : |
14.01.1994 |
|
DIN No.: |
00207106 |
|
|
|
|
Name : |
Mr. Rajeev Jain |
|
Designation : |
Director |
|
Address : |
14/3, Nehru Nagar (East), Durg Bhilai-490020, Chhattisgarh, India |
|
Date of Birth/Age : |
23.02.1960 |
|
Qualification : |
B.E., M.B.A. |
|
Date of Appointment : |
14.02.1987 |
|
DIN No.: |
00327831 |
|
|
|
|
Name : |
Mr. Ashish Jain |
|
Designation : |
Director |
|
Address : |
43, Nehru Nagar, Bhilai – 490020, Chhattisgarh, India |
|
Date of Birth/Age : |
27.02.1976 |
|
Qualification : |
MBA from USA |
|
Date of Appointment : |
16.07.2001 |
|
DIN No.: |
00207048 |
KEY EXECUTIVES
|
Name : |
Mr. Salil Verma |
|
Designation : |
General manager in finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Balka Services Private Limited, India
|
|
186000 |
|
Kriner Services Private Limited, India |
|
186000 |
|
Surge Services Private Limited, India |
|
147000 |
|
BEC lmpex international Private Limited, India |
|
557750 |
|
Beco Agriculture and industries Private Limited, India |
|
147000 |
|
Bhilai Management Services Private Limited, India |
|
105000 |
|
Bhilai investments Limited, India |
|
89375 |
|
Kirtimoya Capital Limited, India |
|
110870 |
|
Mewar Fiber Holdings Limited, India |
|
249125 |
|
Novel Projects Limited, India |
|
196250 |
|
Sudha Investments Limited, India |
|
135500 |
|
Cooltex Holdings Limited, India |
|
98450 |
|
Shri B. R. Jain (Trustee) on behalf of J.P.Jain Trust |
|
291680 |
|
|
|
|
|
Total |
|
2500000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
88.33 |
|
Other top fifty shareholders |
|
11.67 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Refractories. |
||||
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|
||||
|
Products : |
|
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|
||||
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Exports : |
|
||||
|
Products : |
·
Finished Goods |
||||
|
Countries : |
·
USA ·
South Africa |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
·
Raw materials |
||||
|
Countries : |
·
China |
||||
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|
||||
|
Terms : |
|
||||
|
Selling : |
Credit / Advance , DP |
||||
|
|
|
||||
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
|
Installed
Capacity * |
Actual
Production |
|
Refractory Mass |
MT |
|
11800 |
11336.522 |
|
Structural Fabrication |
MT |
|
2000 |
1795.589 |
|
Wind Turbine Generator |
Kw |
|
1250 |
1800079.40
(Units) |
*Installed capacity being technical matter, has been accepted by us, as
certified by the Management.
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
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Customers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
Fund based and non-fund based: Rs. 60.000 Millions
(From Syndicate Bank) (Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Taunk and Srikanth Chartered Accountant |
|
Address : |
11, Commercial Complex, Nehru Nagar (East), Bhilai - 490020, |
|
PAN No.: |
AABFN9360K |
|
|
|
|
Company controlled by Directors or relatives are |
|
|
|
|
|
Associate concerns : |
·
Dreams (proprietary concern) |
CAPITAL STRUCTURE
As on: 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
25.000 |
25.000 |
25.000 |
|
(b) Reserves & Surplus |
364.362 |
321.229 |
274.235 |
|
(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) |
389.362 |
346.229 |
299.235 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
15.286 |
11.177 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
17.153 |
17.165 |
17.669 |
|
(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) |
32.439 |
28.342 |
17.669 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
86.125 |
67.402 |
25.768 |
|
(b)
Trade payables |
80.450 |
44.761 |
37.833 |
|
(c)
Other current liabilities |
59.349 |
39.794 |
38.329 |
|
(d) Short-term
provisions |
0.009 |
0.057 |
8.527 |
|
Total Current
Liabilities (4) |
225.933 |
152.014 |
110.457 |
|
|
|
|
|
|
TOTAL |
647.734 |
526.585 |
427.361 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
237.159 |
209.750 |
192.035 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.715 |
0.047 |
0.081 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
9.161 |
9.161 |
9.161 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
3.805 |
|
(d) Long-term Loan and Advances |
10.074 |
6.185 |
4.118 |
|
(e) Other
Non-current assets |
32.847 |
5.510 |
0.000 |
|
Total Non-Current
Assets |
289.956 |
230.653 |
209.200 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
139.012 |
136.903 |
41.490 |
|
(c)
Trade receivables |
199.877 |
140.999 |
151.884 |
|
(d) Cash
and cash equivalents |
3.263 |
2.196 |
1.272 |
|
(e)
Short-term loans and advances |
15.360 |
15.758 |
23.453 |
|
(f)
Other current assets |
0.266 |
0.076 |
0.062 |
|
Total
Current Assets |
357.778 |
295.932 |
218.161 |
|
|
|
|
|
|
TOTAL |
647.734 |
526.585 |
427.361 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
837.116 |
718.664 |
1020.644 |
|
|
|
Other Income |
23.137 |
24.355 |
14.171 |
|
|
|
TOTAL (A) |
860.253 |
743.019 |
1034.815 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
637.005 |
560.939 |
319.122 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
(20.170) |
(37.442) |
5.852 |
|
|
|
Employee benefit expense |
31.603 |
24.909 |
23.447 |
|
|
|
Other expenses |
108.950 |
94.112 |
62.387 |
|
|
|
TOTAL (B) |
757.388 |
642.518 |
410.808 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
102.865 |
100.501 |
624.007 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.339 |
7.251 |
2.956 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
92.526 |
93.250 |
621.051 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
29.867 |
27.030 |
23.747 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
62.659 |
66.220 |
597.304 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
19.526 |
19.226 |
29.853 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
43.133 |
46.994 |
567.451 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
18.931 |
2.383 |
29.433 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
80.543 |
71.107 |
33.794 |
|
|
TOTAL IMPORTS |
80.543 |
71.107 |
33.794 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
17.25 |
18.79 |
22.85 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
5.01 |
6.32 |
54.83 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
7.49 |
9.21 |
58.52 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.82 |
12.80 |
144.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.19 |
1.99 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.27 |
0.22 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58 |
1.95 |
1.98 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
Current maturities of long-term debt |
6.384 |
6.384 |
0.000 |
|
|
|
|
|
|
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
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 |
Yes |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10336415 |
24/12/2011 |
26,600,000.00 |
SYNDICATE BANK |
MAURYA PICTURES COMPLEX, G. E. ROAD, BHILAI, CHHATTISGARH - 490023, INDIA |
B32493934 |
|
2 |
10129498 |
07/11/2008 |
40,000,000.00 |
SYNDICATE BANK |
MAURYA CINEMA COMPLEX, G. E. ROAD, BHILAI, CHHATTISGARH - 490023, INDIA |
A50301431 |
|
3 |
10098433 |
09/01/2012 * |
93,000,000.00 |
SYNDICATE BANK |
MAURYA PICTURES COMPLEX, G. E. ROAD, BHILAI, CHHATTISGARH - 490023, INDIA |
B32507162 |
|
4 |
90215418 |
06/01/2003 * |
64,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, SECTOR 1, BHILAI, MADHYA PRADESH, INDIA |
- |
* Date of charge modification
FIXED ASSETS
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. 62.99 |
|
|
1 |
Rs. 104.61 |
|
Euro |
1 |
Rs. 86.17 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.