MIRA INFORM REPORT
|
Report Date : |
06.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAMANI STEEL HOUSE |
|
|
|
|
Registered
Office : |
65/73, C P Tank Road, Mumbai - 400004, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Year of
Establishment : |
1974 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.32.248 Millions |
|
|
|
|
IEC No.: |
0393066606 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR04313B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAFR8488B |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of Stainless Steel and Nickel Alloy. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 129000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having moderate track
record. Profitability of the concern seems to be low during 2013. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. The correct can be considered for business dealing with some cautions.
|
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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may
grow 4.7 % in the current financial year, lower than the official estimate of
4.9 %, Fitch Rating said. The global rating agency expects the economy to pick
up in the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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. Mukesh Chandan |
|
Designation : |
Partner |
|
Contact No.: |
91-22-22421388 |
|
Date : |
04.06.2014 |
LOCATIONS
|
Registered Office : |
65/73, C P Tank Road, Mumbai - 400004, Maharashtra, India |
|
Tel. No.: |
91-22-22421388 / 22420580 / 66362224 |
|
Mobile No.: |
91-9820612525 (Mr. Mukesh Chandan) |
|
Fax No.: |
91-22-22428355 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Located At:
|
PARTNERS
|
Name : |
Mr. Jitendra Chandan |
|
Designation : |
Partner |
|
Address : |
C-14, Ishwar
Niwas, Sikkangar, V.P. Road, Mumbai – 400 004, Maharashtra, India |
|
Date of Birth/Age : |
22.01.1973 |
|
Qualification : |
Graduate |
|
Voter ID No. : |
MT/04/023/0117361 |
|
|
|
|
Name : |
Mr. Mukesh Chandan |
|
Designation : |
Partner |
|
Address : |
Iswar Niwas,
C-14, 3rd Floor, Sika Nagar, V.P. Road, Mumbai – 400 004,
Maharashtra, India |
|
Date of Birth/Age : |
06.09.1974 |
|
Qualification : |
Graduate |
|
Voter ID No. : |
MT/04/023/0117313 |
|
|
|
|
Name : |
Mrs. Asha Chandan |
|
Designation : |
Partner |
|
Voter ID No. : |
MT/04/023/0117501 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of Stainless Steel and Nickel Alloy. |
|
|
|
|
Products : |
·
Coils, Sheets, Plates ·
Pipes and Tubes ·
Pipe Fittings ·
Flanges ·
Bar and Wire ·
Nickel Alloy |
|
|
|
|
Exports : |
|
|
Products : |
Stainless Steel Products |
|
Countries : |
·
Turkey ·
USA ·
Gulf Countries ·
South Korea ·
Japan |
|
|
|
|
Imports : |
|
|
Products : |
Stainless Steel |
|
Countries : |
·
Sweden ·
Japan ·
France ·
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Retailers and End Users |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
LC = Rs.20.000 Millions (From Bank of Baroda) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mody and Company Chartered Accountants |
|
Address : |
111-113, Sindh Cloth Markets, 2nd Floor, Vithalwadi,
Kalbadevi Road, Mumbai – 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22404742 |
|
Fax No.: |
91-22-22406254 |
CAPITAL STRUCTURE
As on 31.03.2013
|
Capital Investment : |
|
|
Owned : |
Rs.32.248 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.32.248
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 (Provisional) |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
32.248 |
27.549 |
22.728 |
|
|
2] Partners Fix Capital A/C |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.038 |
1.469 |
2.733 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
32.286 |
29.018 |
25.461 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
17.500 |
26.250 |
|
|
TOTAL BORROWING |
0.000 |
17.500 |
26.250 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
32.286 |
46.518 |
51.711 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.259 |
0.310 |
0.354 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.535 |
8.457 |
2.578 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
17.033 |
15.981
|
38.827 |
|
|
Sundry Debtors |
4.815 |
2.782
|
3.596 |
|
|
Cash & Bank Balances |
6.759 |
2.752
|
(0.673) |
|
|
Other Current Assets |
21.216 |
2.027
|
1.001 |
|
|
Loans & Advances |
0.214 |
0.095
|
0.039 |
|
|
Deposits |
0.020 |
0.028
|
0.028 |
|
Total
Current Assets |
50.057
|
23.665
|
42.818 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
21.662 |
(15.123)
|
(6.978) |
|
|
Other Current Liabilities and Provisions |
0.903 |
1.037
|
1.017 |
|
Total
Current Liabilities |
22.565
|
(14.086)
|
(5.961) |
|
|
Net Current Assets |
27.492 |
37.751
|
48.779 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
32.286 |
46.518 |
51.711 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 (Provisional) |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
258.572 |
267.223 |
261.698 |
|
|
|
Other Income |
2.809 |
1.261 |
1.190 |
|
|
|
TOTAL |
261.381 |
268.484 |
262.888 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
239.937 |
247.949 |
243.694 |
|
|
|
MVAT |
12.009 |
0.000 |
0.000 |
|
|
|
Octroi Duty |
0.041 |
0.013 |
0.195 |
|
|
|
M.S.T. (Vat) A/C. |
0.071 |
11.457 |
9.529 |
|
|
|
C.S.T. Dues |
0.147 |
0.013 |
0.004 |
|
|
|
Export (C and F) |
0.000 |
0.216 |
0.028 |
|
|
|
Clearing and
Forwarding Exposes |
0.015 |
0.000 |
0.000 |
|
|
|
Salary |
1.162 |
0.936 |
0.836 |
|
|
|
Hel Majuri |
0.054 |
0.000 |
0.000 |
|
|
|
Advance Tax A/c |
0.150 |
0.250 |
0.250 |
|
|
|
Interest Paid |
4.807 |
0.002 |
0.000 |
|
|
|
Postage and Stamps
|
0.005 |
0.000 |
0.006 |
|
|
|
Miscellaneous Expenses |
0.136 |
0.304 |
0.180 |
|
|
|
Telephone Expenses
A/c |
0.094 |
0.095 |
0.112 |
|
|
|
Stationery and Printing |
0.023 |
0.009 |
0.016 |
|
|
|
Godown Charges |
0.095 |
0.131 |
0.371 |
|
|
|
Bonus |
0.084 |
0.000 |
0.000 |
|
|
|
Testing Charges |
0.009 |
0.002 |
-0.008 |
|
|
|
Electric Expenses |
0.051 |
0.066 |
0.051 |
|
|
|
T.D.S. A/c (Cr.
Asst) |
0.025 |
0.023 |
0.010 |
|
|
|
Conveyance |
0.038 |
0.000 |
0.015 |
|
|
|
Courier Expenses |
0.004 |
0.000 |
0.001 |
|
|
|
Professional Tax |
0.015 |
0.013 |
0.012 |
|
|
|
Compute Repairing |
0.007 |
0.017 |
0.017 |
|
|
|
Zerox Charges |
0.004 |
0.000 |
0.003 |
|
|
|
Motor Bike
Expenses |
0.015 |
0.000 |
0.012 |
|
|
|
Bank Charges |
0.029 |
0.069 |
0.090 |
|
|
|
Motor Car Expenses |
0.039 |
0.014 |
0.061 |
|
|
|
Motor Car
Insurance |
0.004 |
0.004 |
0.005 |
|
|
|
Audit Fees |
0.033 |
0.048 |
0.041 |
|
|
|
Vatav |
0.028 |
0.000 |
0.000 |
|
|
|
Membership
Expenses |
0.007 |
0.008 |
0.008 |
|
|
|
Traveling Expenses
|
0.015 |
0.230 |
0.000 |
|
|
|
Donation |
0.006 |
0.058 |
0.034 |
|
|
|
Keyman Insurance |
0.057 |
0.057 |
0.057 |
|
|
|
Commission |
0.015 |
0.002 |
0.000 |
|
|
|
Advertisement |
0.239 |
0.000 |
0.000 |
|
|
|
Professional Fees |
0.012 |
0.000 |
0.000 |
|
|
|
Freight Expenses |
0.027 |
0.000 |
0.000 |
|
|
|
Remuneration to
Partners |
1.292 |
0.000 |
0.000 |
|
|
|
Contingency Fund |
0.000 |
0.001 |
0.001 |
|
|
|
Hel Majuri |
0.000 |
0.000 |
0.059 |
|
|
|
Income Tax |
0.000 |
0.117 |
0.190 |
|
|
|
Interest (Cr.
Liability) |
0.000 |
4.795 |
4.193 |
|
|
|
Packing Charges |
0.000 |
0.000 |
0.002 |
|
|
|
Service Tax A/c |
0.000 |
0.000 |
0.009 |
|
|
|
Testing Charges |
0.000 |
0.000 |
0.001 |
|
|
|
Association
Charges |
0.000 |
0.024 |
0.000 |
|
|
|
Gumastta Expenses |
0.000 |
0.002 |
0.000 |
|
|
|
Registration Fees |
0.000 |
0.001 |
0.000 |
|
|
|
Website Expenses |
0.000 |
0.005 |
0.000 |
|
|
|
Other Expenses |
0.000 |
0.014 |
0.000 |
|
|
|
TOTAL |
260.801 |
266.945 |
260.085 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
0.580 |
1.539 |
2.803 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.051 |
0.070 |
0.070 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT /
(LOSS) |
0.529 |
1.469 |
2.733 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
270.000 |
The above information has been parted by Mr. Mukesh Chandan
Note : Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 (Provisional) |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.20 |
0.55 |
1.04 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.20 |
0.55 |
1.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.05 |
6.13 |
6.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.05 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.60 |
1.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.22 |
-1.68 |
-7.18 |
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 |
22.728 |
27.549 |
32.248 |
|
Reserves & Surplus |
2.733 |
1.469 |
0.038 |
|
Net
worth |
25.461 |
29.018 |
32.286 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
26.250 |
17.500 |
0.000 |
|
Total
borrowings |
26.250 |
17.500 |
0.000 |
|
Debt/Equity
ratio |
1.031 |
0.603 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
261.698 |
267.223 |
258.572 |
|
|
|
2.111 |
(3.237) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
261.698 |
267.223 |
258.572 |
|
Profit |
2.733 |
1.469 |
0.529 |
|
|
1.04% |
0.55% |
0.20% |
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 |
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 four 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 |
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Unsecured Loans |
0.000 |
17.500 |
|
Total |
0.000 |
17.500 |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.30 |
|
|
1 |
Rs.99.34 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
49 |
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.