MIRA INFORM REPORT
|
Report Date : |
11.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
DOJAHAN TRADING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
53/12, A-Khambata Chawl, 1st Floor, Mugbhat Lane, Girgaum,
Mumbai-400004, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 (SUMMERIZED BALANCE SHEET) |
|
|
|
|
Date of
Incorporation : |
21.02.2006 |
|
|
|
|
Com. Reg. No.: |
11-159890 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.460 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51100MH2006PTC159890 |
|
|
|
|
IEC No.: |
0307000184 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD13601A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD3340F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading
in Ferrous and Non Ferrous Metal. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 134900 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Management has filed the financials of 2012 and 2013, but the same
could not be made available from government department. The concerned person at the company denied to provide any information
of the subject to us. However, as per available, Mr. Prakash, the Accountant provided
summarized financial information of 2012, which is not verified but has been
included in the report only for your reference. The available financial of 2011 states that the company has reported
huge external borrowing and a very low net profitability. The ratings also take into consideration, the limited value adding
nature of trading business. However, trade relations appears to be fair. Business is active.
Payment terms are reported as slow. The company can be considered for business dealings with great
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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
State-run banks hired nearly 300000
personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs
8140 mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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 DECLINED
Management non co-operative [91-22-66134520]
LOCATIONS
|
Registered Office : |
53/12, A-Khambata Chawl, 1st Floor, Mugbhat Lane, Girgaum,
Mumbai-400004, Maharashtra, India |
|
Tel. No.: |
91-22-66390562 |
|
Mobile No.: |
91-9920205110 (Mr. Sanjay Sharma) |
|
Fax No.: |
91-22-23802825 |
|
E-Mail : |
|
|
|
|
|
Head Office : |
Shop No 102, 1st Floor, 65 Khushal Bhawan, 5th
Kumbharwada, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-66134520 / 67437811 |
|
Fax No.: |
91-22-23802825 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Bijalaram Hiraramji Dewasi |
|
Designation : |
Director |
|
Address : |
R. No, 29, 13th Khetwadi Lane, Bhabha Chawl, Mumbai –
400004, Maharashtra, India |
|
Date of Birth/Age : |
02.02.1982 |
|
Qualification : |
S.S.C. |
|
Experience : |
10 Years |
|
Date of Appointment : |
21.02.2006 |
|
DIN No.: |
00445161 |
|
|
|
|
Name : |
Mr. Mafatlal Dewasi |
|
Designation : |
Director |
|
Address : |
R. No, 29, 13th Khetwadi Lane, Bhabha Chawl, Mumbai –
400004, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1988 |
|
Qualification : |
S.S.C |
|
Experience : |
6 Years |
|
Date of Appointment : |
25.08.2009 |
|
DIN No.: |
02635889 |
|
DIN No.: |
02635889 |
KEY EXECUTIVES
|
Name : |
Mr. Prakash |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Avance
Technologies Limited, India |
52500 |
33.54 |
|
Swagatam
Marketing Private Limited, India |
35000 |
22.36 |
|
Beetal Trading
Private Limited, India |
15000 |
9.58 |
|
Beejlaram Dewasi |
17000 |
10.86 |
|
Bechraram K.
Dewasi |
8000 |
5.11 |
|
Champalal A Shah |
9000 |
5.75 |
|
Mangilal B. Burad
|
9000 |
5.75 |
|
Pataram P. Dewasi |
9000 |
5.75 |
|
Mafatlal V.
Dewasi |
2000 |
1.28 |
|
Hemant P. Kanugo |
20 |
0.01 |
|
|
|
|
|
TOTAL
|
156520 |
100.00 |
AS ON 30.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
65.48 |
|
Directors
or relatives of directors |
|
34.52 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading
in Ferrous and Non Ferrous Metal. |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
|
|
|
|
Bankers : |
Tel.
No.: 91-22-22422388
Tel. No.: 91-22-67574314 |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anand Jain and Associates Chartered Accountants |
|
Address : |
46, Second Fllor, Mulji Jetha Building, Above Bank of Baroda, 187
Princess Street, Mumbai – 400 002, Maharashtra, India |
|
Tel. No.: |
91-22-22001747 |
|
Fax No.: |
91-22001652 |
|
E-Mail : |
|
|
PAN No: |
AAAFL8838P |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
156520 |
Equity Shares |
Rs.10/- each
|
Rs.1.565
Millions |
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
104020 |
Equity Shares |
Rs.10/- each |
Rs.1.040
Millions |
|
52500 |
Equity Shares (Partly paid up ) |
Rs.8/- each |
Rs.0.420
Million |
|
|
TOTAL
|
|
Rs.1.460 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
SUMMERIZED BALANCE SHEET
|
PARTICULAR |
31.03.2012 |
|
SHAREHOLDERS FUNDS |
|
|
Share Capital |
1.460 |
|
Reserves & Surplus |
33.277 |
|
Current Liabilities |
1407.769 |
|
|
|
|
APPLICATION OF
FUNDS |
|
|
FIXED ASSETS [Net Block] |
0.050 |
|
Inventories |
19.518
|
|
Sundry Debtors |
182.938
|
|
Cash & Bank Balances |
2.232
|
|
Other Current Assets |
1.280
|
|
Loans & Advances |
1236.488
|
|
Miscellaneous Expenses |
0.005
|
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS
FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.460 |
1.460 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
28.258 |
26.118 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
29.718 |
27.578 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
0.000 |
0.000 |
|
|
2] Unsecured Loans |
|
122.343 |
116.350 |
|
|
TOTAL BORROWING |
|
122.343 |
116.350 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
152.061 |
143.928 |
|
|
|
|
|
|
|
|
APPLICATION OF
FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.018 |
0.004 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.000 |
2.320 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
16.074
|
4.673
|
|
|
Sundry Debtors |
|
52.482
|
281.526
|
|
|
Cash & Bank Balances |
|
152.279
|
2.061
|
|
|
Other Current Assets |
|
0.000
|
0.000
|
|
|
Loans & Advances |
|
594.439
|
254.704
|
|
Total
Current Assets |
|
815.274
|
542.964
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
507.990
|
370.883
|
|
|
Other Current Liabilities |
|
153.855
|
30.067
|
|
|
Provisions |
|
1.423
|
0.465
|
|
Total
Current Liabilities |
|
663.268
|
401.415
|
|
|
Net Current Assets |
|
152.006
|
141.549
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.037 |
0.055 |
|
|
|
|
|
|
|
|
TOTAL |
|
152.061 |
143.928 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2700.169 |
1890.908 |
996.520 |
|
|
|
Other Income |
65.424 |
NA |
0.000 |
|
|
|
TOTAL (A) |
2765.593 |
NA |
996.520 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Sold |
|
NA |
992.724 |
|
|
|
Direct Expenses |
2698.525 |
NA |
0.042 |
|
|
|
Administrative Expenses |
|
NA |
0.485 |
|
|
|
Other Expenses |
|
|
|
|
|
|
TOTAL (B) |
2698.525 |
NA |
993.251 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
67.068 |
NA |
3.269 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
59.697 |
NA |
2.182 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.371 |
2.155 |
1.087 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.075 |
0.009 |
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
7.296 |
2.146 |
1.080 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.276 |
0.007 |
0.341 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
5.020 |
2.139 |
0.739 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
0.289 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
1.028 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
32.07 |
NA |
4.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.18
|
NA
|
0.07
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.27
|
NA
|
0.11
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
0.26
|
0.20
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.07
|
0.04
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
NA
|
4.12
|
4.22
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
1.23
|
1.35
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
1.460 |
1.460 |
1.460 |
|
Reserves & Surplus |
26.118 |
28.258 |
33.277 |
|
Net worth |
27.578 |
29.718 |
34.737 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
116.350 |
122.343 |
0.000 |
|
Total borrowings |
116.350 |
122.343 |
0.000 |
|
Debt/Equity ratio |
4.219 |
4.117 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
996.520 |
1890.908 |
2700.169 |
|
|
|
89.751 |
42.797 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2010 |
31.03.2011 |
31.03.2012 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
996.520 |
1890.908 |
2700.169 |
|
Profit |
0.739 |
2.139 |
5.020 |
|
|
0.07% |
0.11% |
0.19% |
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 |
No |
|
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 |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
NOTE:
Registered office of the company has been shifted from Shatrunjay
Apartment, 1st Floor 28, Siddhi Lane, Nanubhai Desai Road, Mumbai – 400004,
Maharashtra, India to the present address w.e.f.24.07.2010.
UNSECURED LOAN
|
Particular |
Rs.
In Millions 31.03.2011 |
Rs.
In Millions 31.03.2010 |
|
Rupee Term Loans Unsecured |
122.343 |
116.350 |
|
TOTAL |
122.343 |
116.350 |
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.61.20 |
|
|
1 |
Rs.102.35 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
26 |
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.