MIRA
INFORM REPORT
|
Report Date : |
15.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
M B ENTERPRISE |
|
|
|
|
Registered
Office : |
51, M B House, Chandrodaya Society, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.10.1993 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.132.081 Millions (As on
31.03.2013) |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Traders and Importer of Steel Coils and Pharmaceuticals |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 528000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having satisfactory
track. The concern is performing well. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct and as per commitment. The concern can be considered normal for business dealings 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
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.2,453.2 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. Keyur |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9099002260 |
|
Date : |
15.05.2014 |
LOCATIONS
|
Registered Office : |
51, M B House, Chandrodaya Society, |
|
Tel. No.: |
91-79-26405563/ 26405572/ 26461314/ 26407001/ 26404616 |
|
Mobile No.: |
91-9099002260 (Mr. Keyur) |
|
Fax No.: |
91-79-26400828/ 26405563 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
661 Sq. Yard |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
Near L. M. Transport Sarkhej, Ahmedabad, |
|
Area : |
Owned |
|
|
|
|
Branches: |
Located at: ·
Mumbai ·
Pune ·
·
Chennai ·
·
·
Kolkata |
PARTNERS
|
Name : |
Mr. Manibhai S Patel |
|
Designation : |
Partner |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad, |
|
|
|
|
Name : |
Mr. Hasmukhbhai S Patel |
|
Designation : |
Partner |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad, |
|
Qualification: |
B. E. Civil and Electricals |
|
|
|
|
Name : |
Mr. Chirag H. Patel |
|
Designation : |
Partner |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad, |
|
Qualification: |
B. E. Civil |
|
Voter ID No.: |
GJ/11/06/7/807322 |
|
|
|
|
Name : |
Mr. Girishbhai M. Patel |
|
Designation : |
Partner |
|
Address : |
Nisarg Farm, Opposite ACE Tennis Club, B/h Karnavati Club, Ahmedabad, |
|
Qualification: |
Diploma in Hydraulic Engineering |
|
|
|
|
Name : |
Mr. Malav Girishbhai Patel |
|
Designation : |
Partner |
|
Address : |
Nisarg Farm, Opposite ACE Tennis Club, B/h Karnavati Club, Ahmedabad, |
|
Qualification: |
B.B.A. |
|
|
|
|
Name : |
Mr. Vipin kantilal Patel |
|
Designation : |
Partner |
|
Address : |
2, Nandanvan, Near Shyamvihar, Opposite Devvihar, Thaltej-shilaj Road,
Ahmedabad, Gujarat, India |
|
Qualification: |
B. Com. Inter CA |
|
Voter ID No.: |
GJ/11/06/7/645600 |
|
|
|
|
Name : |
Mr. Aditya Vipin Patel |
|
Designation : |
Partner |
|
Address : |
2, Nandanvan, Near Shyamvihar, Opposite Devvihar, Thaltej-shilaj Road,
Ahmedabad, Gujarat, India |
|
Qualification: |
B.E. MBA (Finance) |
|
|
|
|
Name : |
Mrs. Birva Chiragbhai Patel |
|
Designation : |
Partner |
|
Address : |
7, Friends Colony, Naranpura, Ahmedabad, |
|
Qualification: |
B. Com. CS |
|
Voter ID No.: |
CJL7462765 |
|
|
|
|
Name : |
Mrs. Umaben Girishbhai Patel |
|
Designation : |
Partner |
|
Address : |
Nisarg Farm, Opposite ACE Tennis Club, B/h Karnavati Club, Ahmedabad, |
|
Qualification: |
B. Sc |
|
|
|
|
Name : |
Ms. Aparna M Patel |
|
Designation : |
Partner |
|
Address : |
Nisarg Farm, Opposite ACE Tennis Club, B/h Karnavati Club, Ahmedabad, |
KEY EXECUTIVES
|
Name : |
Mr. Keyur |
|
Designation : |
Finance Head |
BUSINESS DETAILS
|
Line of Business : |
Traders and Importer of Steel Coils and Pharmaceuticals |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Korea ·
China ·
Thailand ·
Australia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days) |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
100 (Approximately) |
|
|
|
|
Bankers : |
·
Bank of Baroda Bhadra Branch, Ahmedabad – 380001, Gujarat, India ·
Standard Chartered Bank Mithakali Branch, Ahmedabad, Gujarat, India |
|
|
|
|
Facilities : |
· LC Rs.450.000 Millions (From Bank of Baroda) ·
LC Rs.300.000 Millions (From Standard
Chartered Bank) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Talati and Talati Chartered Accountants |
|
Address : |
Income Tax, Ahmedabad, |
|
Tel. No.: |
91-79-30084523 |
|
E-Mail : |
|
|
|
|
|
Group Company : |
·
M and B
Engineering Limited 51, M. B. House, Chandrrodaya Society, Stadium Road, Ahmedabad,
Gujarat, India Activity: 1] Supply and Erection of Proflex Steel Roofing 2] Manufacturer, Supply and Erection of Pre Engineered Building Bank: Bank of Baroda, Standard Chartered Bank, Axis Bank and IDBI Bank
·
Phenix Building
Solutions Private Limited 51, M. B. House, Chandrrodaya Society, Stadium Road, Ahmedabad,
Gujarat, India Activity: Supply and Erection of Pre Engineered Building Bank: Bank of Baroda ·
Manibhai and
Brothers 51, M. B. House, Chandrrodaya Society, Stadium Road, Ahmedabad,
Gujarat, India Activity: Construction Bank: Bank of Baroda ·
Manibhai and
Brothers (Sleepers) 51, M. B. House, Chandrrodaya Society, Stadium Road, Ahmedabad,
Gujarat, India Activity: Manufacturer of Railway Sleepers Bank: Bank of Baroda ·
Usha Prestressed
Sleeper Udyog 51, M. B. House, Chandrrodaya Society, Stadium Road, Ahmedabad,
Gujarat, India Activity: Manufacturer of Railway Sleepers Bank: Bank of Baroda ·
Highten Steels 51, M. B. House, Chandrrodaya Society, Stadium Road, Ahmedabad,
Gujarat, India Activity: Trading of Steel, Ventilators, Paints, Insulation Materials
and Consumable Bank: Bank of Baroda ·
Maxim Finance
Private Limited 51, M. B. House, Chandrrodaya Society, Stadium Road, Ahmedabad,
Gujarat, India Activity: Group Financing Bank: Bank of Baroda ·
Manibhai and
Brothers Finance Corporation 51, M. B. House, Chandrrodaya Society, Stadium Road, Ahmedabad,
Gujarat, India Activity: Group Financing Bank: Bank of Baroda |
CAPITAL STRUCTURE
(AS ON 31.03.2013)
|
Capital Investment : |
|
|
Owned : |
Rs.132.081 Millions |
|
Borrowed : |
-- |
|
Total : |
Rs.132.081
Millions |
FINANCIAL DATA
[All figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2400.000 |
The above information has been parted by Mr. Keyur.
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
132.081 |
93.545 |
70.884 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
132.081 |
93.545 |
70.884 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
519.665 |
304.416 |
362.979 |
|
|
TOTAL BORROWING |
519.665 |
304.416 |
362.979 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
651.746 |
397.961 |
433.863 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.006 |
1.275 |
0.634 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
506.898
|
460.761 |
347.990 |
|
|
Sundry Debtors |
404.530
|
14.546 |
168.503 |
|
|
Cash & Bank Balances |
198.456
|
161.736 |
108.337 |
|
|
Other Current Assets |
0.000
|
6.088 |
4.126 |
|
|
Loans & Advances |
115.353
|
86.081 |
51.182 |
|
Total
Current Assets |
1225.237
|
729.212 |
680.138 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
555.100
|
311.344 |
228.621 |
|
|
Other Current Liabilities |
14.697
|
13.282 |
10.857 |
|
|
Provisions |
12.700
|
7.900 |
7.431 |
|
Total
Current Liabilities |
582.497
|
332.526 |
246.909 |
|
|
Net Current Assets |
642.740
|
396.686 |
433.229 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
651.746 |
397.961 |
433.863 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2973.511 |
1738.031 |
1394.043 |
|
|
|
Other Income |
0.537 |
2.878 |
0.133 |
|
|
|
TOTAL (A) |
2974.048 |
1740.909 |
1394.176 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
2877.674 |
1650.748 |
1328.016 |
|
|
|
Payment to Employee |
4.481 |
3.112 |
2.503 |
|
|
|
Administrative Expenses |
12.744 |
12.655 |
7.818 |
|
|
|
TOTAL (B) |
2894.899 |
1666.515 |
1338.337 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
79.149 |
74.394 |
55.839 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
38.275 |
48.823 |
32.699 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
40.874 |
25.571 |
23.140 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.283 |
0.228 |
0.111 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
40.591 |
25.343 |
23.029 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.747 |
7.868 |
7.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
27.844 |
17.475 |
15.611 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.94
|
1.05 |
1.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.36
|
1.46 |
1.65 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.29
|
3.47 |
3.38 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31
|
0.27 |
0.32 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.93
|
3.25 |
5.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.10
|
2.19 |
2.75 |
FINANCIAL ANALYSIS
[All figures are in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
70.884 |
93.545 |
132.081 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
70.884 |
93.545 |
132.081 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
362.979 |
304.416 |
519.665 |
|
Total
borrowings |
362.979 |
304.416 |
519.665 |
|
Debt/Equity
ratio |
5.121 |
3.254 |
3.934 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
1394.043 |
1738.031 |
2973.511 |
|
|
|
24.676 |
71.085 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Sales |
1394.043 |
1738.031 |
2973.511 |
|
Profit |
15.611 |
17.475 |
27.844 |
|
|
1.12% |
1.01% |
0.94% |
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 |
Yes |
|
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 |
No |
|
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 |
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 records 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.59.88 |
|
|
1 |
Rs.100.98 |
|
Euro |
1 |
Rs.82.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--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 |
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 |
|
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.