MIRA INFORM REPORT
|
Report Date : |
27.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAHALAXMI
DHATU UDHYOG PRIVATE LIMITED |
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|
|
|
Registered
Office : |
C-52,
M.I.D.C., Industrial Area, Hingna, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
07.06.1996 |
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|
Com. Reg. No.: |
11-100065 |
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|
Capital
Investment / Paid-up Capital : |
Rs.4.711
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920MH1996PTC100065 |
|
|
|
|
IEC No.: |
Not Divulged |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPM03635C / NGPM01489F |
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|
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PAN No.: [Permanent Account No.] |
AABCM8361J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Steel, Stainless Steel, Alloys Steel, H.T. and
Medium Manganese Steel. |
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No. of Employees
: |
Approximately 170 (In Office: 20 and In Factory: 150) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
||
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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|
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. General financial
position of the company is normal and acceptable for business dealing. Trade relations
are reported as fair. Business is active. Payment terms are reported to be
slow but correct. The company 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.
ECGC Country Risk Classification List – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
N E W S
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of
Investigation books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated losses,
recently approached the Delhi high court for relief in two separate cases. The
airline challenged a notice by Punjab & National Bank alleging that It had
wilfully defaulted on Rs 7700 mn of loans and sought more time to comply with
the requirements under the listing agreements with the Stock Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BB- |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
February 10, 2014 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. R.D. Vyas |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-7104-235452 |
|
Date : |
25.11.2014 |
LOCATIONS
|
Registered Office/ Factory 1: |
C-52,
M.I.D.C., Industrial Area, Hingna, Nagpur – 440 016, Maharashtra, India |
|
Tel. No.: |
91-7104-234126/ 234127/ 235452 |
|
Mobile No.: |
91-9325644986 |
|
Fax No.: |
Not Available |
|
E-Mail : |
Director : vrathi@mahalaxmidhatu.com
Accounts: rdvys@mahalaxmidhatu.com
Enquiry: aacharya@mahalaxxmidhatu.com Career No.: tscharpe@mahalaxmidhatu.com
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Website : |
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Area: |
5 Acres Sq. Ft. |
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Location : |
Owned |
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Locality : |
Industrial |
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Corporate Office: |
Anaj Bazar, Itwari, |
|
Tel. No.: |
91-712-2762550 |
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Fax No.: |
91-712-3093846/ 777230 |
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Factory 2 : |
A-20, M.I.D.C., Industrial Area, Butibori, Nagpur – 441 108,
Maharashtra, India |
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Sales Office : |
No.275/8, New Timber Yard Layout, Mysore Road, Banagalore – 560026, Karnataka
, India |
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Tel. No.: |
91-80-26743909 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Krishnakumar
Nandlal Rathi |
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Designation : |
Director |
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Address : |
74, Civil Lines, Temple Road, Nagpur – 440 001, Maharashtra, India |
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Date of Birth/Age : |
20.10.1964 |
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Date of Appointment : |
07.06.1996 |
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DIN No.: |
01193401 |
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Other Directorship :
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|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr.
Varun Krishnakumar Rathi |
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|
Designation : |
Director |
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|
Address : |
74, Civil Lines, Temple Road, Nagpur – 440 001, Maharashtra, India |
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Date of Appointment : |
01.09.2012 |
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DIN No.: |
05197087 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Mr. R.D. Vyas |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Narayandas Daga |
|
1000 |
|
Narsingdas Daga |
|
500 |
|
|
|
3090 |
|
Shakuntaladevi Rathi |
|
10 |
|
Anchal Powercom Private Limited, |
|
16400 |
|
Varunanchal Metal and Alloys Private Limited, |
|
26110 |
|
Total
|
|
47110 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
90.24 |
|
Directors
or relatives of directors |
|
6.58 |
|
Other
top fifty shareholders |
|
3.18 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Re-rolling of Steel, Stainless
Steel, Alloy Steel, H.T. and Medium Manganese Steel. |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C and Credit |
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Purchasing : |
L/C and Credit |
PRODUCTION STATUS [AS ON 31.03.2012]:
Licensed and
Installed Capacity:
(a) As explained, no license is necessary for the profit of the company.
(b) Installed capacity: 40000 M.T. per annum.
|
Particulars |
Unit |
Actual
Production |
|
Iron and Steel |
M.T. |
16419.93 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Approximately 170 (In Office: 20 and In Factory: 150) |
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Bankers : |
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Facilities : |
Not Available |
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Auditors : |
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|
Name : |
Agrawal Chhallani and Company Chartered Accountants |
|
Address : |
51/A, Ground Floor, New Colony, Behind Chhaoni Police Chowky, Nagpur –
440 001, Maharashtra, India |
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Tel. No.: |
91-712-2595653/ 2595750 |
|
PAN No.: |
AACFA2753L |
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|
|
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Holding Company : |
Varunanchal Metal and Alloys Private Limited (CIN No.:
U13209MH2009PTC193783) |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47110 |
Equity Shares |
Rs.100/-
each |
Rs.4.711
millions |
|
|
|
|
|
As on 31.03.2014
Authorised Capital : NA
Issued, Subscribed & Paid-up Capital : Rs.4.711
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 |
4.711 |
4.711 |
4.711 |
|
(b) Reserves &
Surplus |
310.624 |
298.239 |
290.689 |
|
(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) |
315.335 |
302.950 |
295.400 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
92.296 |
67.094 |
53.561 |
|
(b) Deferred tax
liabilities (Net) |
10.919 |
10.535 |
10.277 |
|
(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) |
103.215 |
77.629 |
63.838 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
188.701 |
174.575 |
114.503 |
|
(b) Trade payables |
42.860 |
0.718 |
13.01 |
|
(c) Other current
liabilities |
24.864 |
24.640 |
25.393 |
|
(d) Short-term provisions |
0.478 |
0.789 |
0.027 |
|
Total Current Liabilities
(4) |
256.903 |
200.722 |
152.933 |
|
|
|
|
|
|
TOTAL |
675.453 |
581.301 |
512.171 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
222.792 |
222.474 |
220.674 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
9.561 |
0.000 |
2.791 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.170 |
3.339 |
1.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
3.86 |
|
Total Non-Current Assets |
235.523 |
225.813 |
228.325 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
125.593 |
121.339 |
124.395 |
|
(c) Trade receivables |
263.535 |
190.418 |
132.913 |
|
(d) Cash and cash
equivalents |
37.563 |
27.429 |
1.103 |
|
(e) Short-term loans and
advances |
4.905 |
12.927 |
19.723 |
|
(f) Other current assets |
8.334 |
3.375 |
5.712 |
|
Total Current Assets |
439.930 |
355.488 |
283.846 |
|
|
|
|
|
|
TOTAL |
675.453 |
581.301 |
512.171 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
828.751 |
689.852 |
616.004 |
|
|
Other Income |
9.394 |
2.847 |
2.843 |
|
|
TOTAL (A) |
838.145 |
692.699 |
618.847 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
659.749 |
544.051 |
0.000 |
|
|
Purchases of
Stock-in-Trade |
50.699 |
15.063 |
577.756 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.526) |
46.400 |
(45.951) |
|
|
Manufacturing Expenses |
56.828 |
33.339 |
40.255 |
|
|
Employees benefits
expense |
17.746 |
15.190 |
8.794 |
|
|
Other expenses |
9.032 |
7.093 |
7.428 |
|
|
TOTAL (B) |
788.528 |
661.136 |
588.282 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
49.617 |
31.563 |
30.565 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
29.872 |
21.150 |
22.771 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
19.745 |
10.413 |
7.794 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.225 |
2.228 |
2.295 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
17.520 |
8.185 |
5.499 |
|
|
|
|
|
|
|
Less |
TAX (H) |
5.400 |
2.595 |
3.651 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
12.120 |
5.590 |
1.848 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
257.28 |
118.67 |
39.22 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/ Sales) |
(%) |
1.46 |
0.81 |
0.30 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.99 |
4.58 |
4.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.64 |
1.42 |
1.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.03 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.89 |
0.80 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71 |
1.77 |
1.86 |
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 |
4.711 |
4.711 |
4.711 |
|
Reserves & Surplus |
290.689 |
298.239 |
310.624 |
|
Net worth |
295.400 |
302.950 |
315.335 |
|
|
|
|
|
|
long-term borrowings |
53.561 |
67.094 |
92.296 |
|
Short term borrowings |
114.503 |
174.575 |
188.701 |
|
Total borrowings |
168.064 |
241.669 |
280.997 |
|
Debt/Equity ratio |
0.569 |
0.798 |
0.891 |
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 |
616.004 |
689.852 |
828.751 |
|
|
|
11.988 |
20.135 |
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 |
616.004 |
689.852 |
828.751 |
|
Profit |
1.848 |
5.590 |
12.120 |
|
|
0.30% |
0.81% |
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 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
Yes |
|
26] |
Buyer visit details |
Yes |
|
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 |
No |
|
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 |
90351779 |
29/09/2005 |
300,000.00 |
HDFC BANK LTD. |
LOWER PAREL, MUMBAI, Maharashtra, INDIA |
- |
|
2 |
90351705 |
19/09/2013 * |
163,600,000.00 |
BANK OF BARODA |
Dharampeth Branch, West High Court Road, Dharampeth, Nagpur, Maharashtra - 440010, INDIA |
B85896470 |
|
3 |
80029848 |
19/01/2009 * |
62,500,000.00 |
BANK OF BARODA |
DHARAMPETH BRANCH, WEST
HIGH COURT ROAD, NAGPUR, |
A54810262 |
* Date of charge modification
FIXED ASSETS:
·
Land - Leasehold
·
Land - Freehold
·
·
Electrical Installation
·
·
Vehicles
·
Office Equipments
·
Computers
·
Fuel Saving Device
·
Plant and Machinery
·
Fax Machine
·
Pusher Furnace
·
Power Factor Controller
·
Furniture
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. 61.86 |
|
|
1 |
Rs.97.22 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TRU |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.