MIRA INFORM REPORT
|
Report Date : |
27.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SMIT METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-12, Vaidharbhi Complex, Near Vidhyanagar Railway Station, Vallabh
Vidhyanagar, Anand - 388120, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
08.09.2008 |
|
|
|
|
Com. Reg. No.: |
04-054988 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113GJ2008PTC054988 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS10068C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAMCS4225L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Metals and Chemicals and their products. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company incorporated on September 08, 2008, whereas it
seems as per the financials of FYE 13, that the management has recently
started its trading activity during FY12, and the year under review is the
first year of the its operations having moderate track. Management has failed to file the latest financials for FY14, with the
statutory authorities. As per available financials of FY13, the company possesses a moderate
financial profile marked by small networth due to low accruals slightly mitigated
by equity infusion from its promoters along with leveraged capital structure. Management has witnessed an acceptable revenue base, whereas has
reported a low profit during FY13, owing trading nature of the business. However, trade relations are improving. Business is active. Payment
terms are reported as slow but correct. In view of recent commencement of its core business activity, the
company can be considered for business dealings with some caution. / 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
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 DENIED BY
|
Name : |
Mr. Shri Ram |
|
Designation : |
Head Commercial |
|
Contact No.: |
91-2692-235920 |
|
Date : |
24.11.2014 |
LOCATIONS
|
Registered Office / Factory : |
G-12, Vaidharbhi Complex, Near Vidhyanagar Railway Station, Vallabh
Vidhyanagar, Anand - 388120, Gujarat, India |
|
Tel. No.: |
91-2692-235920 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
K-1/6/2 GIDC Estate, Vallabh Vidhyanagar, Anand - 388120, Gujarat, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Pradeepkumar Jagdishbhai Shah |
|
Designation : |
Director |
|
Address : |
Near Vendor, Opposite Papu Hospital, Anand – 388001, Gujarat,
India |
|
Date of Birth/Age : |
13.07.1978 |
|
Date of Appointment : |
08.09.2008 |
|
DIN No.: |
01409246 |
|
|
|
|
Name : |
Jigneshkumar Kabra |
|
Designation : |
Director |
|
Address : |
17, Satnarayan Society, Mahsana-25, Mahesana – 384001, Gujarat,
India |
|
Date of Birth/Age : |
27.06.1984 |
|
Date of Appointment : |
08.09.2008 |
|
DIN No.: |
02303967 |
KEY EXECUTIVES
|
Name : |
Mr. Shri Ram |
|
Designation : |
Head Commercial |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Pradeepkumar Jagdishbhai Shah |
|
242500 |
|
Jigneshkumar Kabra |
|
2500 |
|
Pankajkumar Jagdishbhai Shah |
|
2500 |
|
Varshaben Pradeepkumar Shah |
|
2500 |
|
|
|
|
|
Total |
|
250000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Metals and Chemicals and their products. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
|
|
|
|
|
Customers : |
|
|
|
|
|
No. of Employees : |
Information declined by the management. |
|
|
|
|
Bankers : |
Union Bank of India, Industrial Finance Branch, Sayajigunj, Near Kalaghoda Circle, Vadodara - 390005, Gujarat, India |
|
|
|
|
Facilities : |
--- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mandowara Laddha and Associates Chartered Accountants |
|
Address : |
306, Profit Centre, Near Kalaghoda Circle, Sayajigunj, Vadodra -
390005, Gujarat, India |
|
Tel. No.: |
91-0265-2225947 |
|
Mobile No.: |
91-9824343151 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AANFM9548C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2013
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 |
|
|
|
|
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 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 |
2.500 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
0.204 |
0.014 |
0.009 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.350 |
0.100 |
0.100 |
|
Total
Shareholders’ Funds (1) + (2) |
3.054 |
0.214 |
0.209 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11.681 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
11.681 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
40.716 |
0.000 |
0.000 |
|
(c) Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
0.333 |
0.031 |
0.021 |
|
Total
Current Liabilities (4) |
41.049 |
0.031 |
0.021 |
|
|
|
|
|
|
TOTAL |
55.784 |
0.245 |
0.230 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.000 |
0.000 |
0.000 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
12.523 |
0.000 |
0.000 |
|
(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 |
0.046 |
0.057 |
0.056 |
|
Total
Non-Current Assets |
12.569 |
0.057 |
0.056 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2.784 |
0.000 |
0.000 |
|
(c) Trade receivables |
38.531 |
0.000 |
0.000 |
|
(d) Cash and cash equivalents |
0.667 |
0.098 |
0.129 |
|
(e) Short-term loans and
advances |
1.233 |
0.090 |
0.045 |
|
(f) Other current assets |
|
|
0.000 |
|
Total
Current Assets |
43.215 |
0.188 |
0.174 |
|
|
|
|
|
|
TOTAL |
55.784 |
0.245 |
0.230 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
138.295 |
0.014 |
|
|
|
Other Income |
0.248 |
0.000 |
|
|
|
TOTAL
(A) |
138.543 |
0.014 |
0.201 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Extraordinary Items |
0.000 |
0.000 |
|
|
|
Purchases of Stock-in-Trade |
138.340 |
0.000 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
-2.784 |
0.000 |
|
|
|
Remuneration to Directors |
1.500 |
0.000 |
|
|
|
Expenditure on production,
transportation and other expenditure |
1.024 |
0.008 |
|
|
|
Direct Expenses |
0.038 |
0.000 |
|
|
|
TOTAL
(B) |
138.118 |
0.008 |
0.196 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
0.425 |
0.006 |
0.005 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.177 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
0.248 |
0.006 |
0.005 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
0.248 |
0.006 |
0.005 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
0.058 |
0.002 |
0.002 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
0.190 |
0.004 |
0.003 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
19.05 |
0.46 |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin PAT/ Sales |
(%) |
0.14 |
28.57 |
1.49 |
|
|
|
|
|
|
|
PBIDT / Sales |
(%) |
0.31 |
42.86 |
2.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.57 |
2.45 |
2.17 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.03 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.82 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.05 |
6.06 |
8.29 |
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 |
0.100 |
0.100 |
2.500 |
|
Reserves & Surplus |
0.009 |
0.014 |
0.204 |
|
Share Application money
pending allotment |
0.100 |
0.100 |
0.350 |
|
Net
worth |
0.209 |
0.214 |
3.054 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
11.681 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
11.681 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
3.825 |
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 |
0.201 |
0.014 |
138.295 |
|
|
|
(93.035) |
987,721.429 |
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 |
0.201 |
0.014 |
138.295 |
|
Profit |
0.003 |
0.004 |
0.190 |
|
|
1.49% |
28.57% |
0.14% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
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 |
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 |
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 |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long term
borrowing |
|
|
|
Ajitkumar Shah |
0.501 |
0.000 |
|
Amratbhai B Mali |
0.501 |
0.000 |
|
Bansidhar Gupta |
0.501 |
0.000 |
|
Bhavesh R Mehta HUF |
0.501 |
0.000 |
|
Hiren M Mehta |
0.501 |
0.000 |
|
Jignesh KJ Kabra |
1.060 |
0.000 |
|
Jyotsnaben B Prajapati |
0.501 |
0.000 |
|
Kailashben R Prajapati |
0.501 |
0.000 |
|
Kanubhai B Shah |
0.501 |
0.000 |
|
Manjulaben P Tejvani |
0.751 |
0.000 |
|
Mukesh B Vasva |
0.501 |
0.000 |
|
Nitin G Dhangar |
0.501 |
0.000 |
|
Pradip J Shah HUF |
0.101 |
0.000 |
|
Prakash G Tejvani |
0.751 |
0.000 |
|
Punambhai S Limbani |
0.501 |
0.000 |
|
Revti K Raut |
0.501 |
0.000 |
|
Sanjay A Vasavba |
0.501 |
0.000 |
|
Sanjay G Patel |
0.501 |
0.000 |
|
Shantilal D Patel |
0.501 |
0.000 |
|
Shardaben M Prajapati |
0.501 |
0.000 |
|
Sweta N Shah |
0.501 |
0.000 |
|
Vipul R Shah HUF |
0.501 |
0.000 |
|
Total |
11.681 |
0.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10398139 |
10/04/2014 * |
30,000,000.00 |
UNION BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,, SAYAJIGUNJ, NR. KALAG HODA CIRCLE, VADODARA, GUJARAT - 390005, INDIA |
C11824661 |
* Date of charge modification
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.61.87 |
|
|
1 |
Rs.97.23 |
|
Euro |
1 |
Rs.77.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.