MIRA
INFORM REPORT
|
Report Date : |
29.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
KANUNGO FERROMET PRIVATE LIMITED |
|
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|
|
Registered
Office : |
1A, 1st Floor, 28, Mahimwala Bunglow, Khetwadi, |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
09.07.1990 |
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|
Com. Reg. No.: |
11-057138 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.49.700
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH1990PTC057138 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK10811D |
|
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|
|
PAN No.: [Permanent Account No.] |
AABCK0892N |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Trader of Ferro’s and Non Ferro’s Metal Like Metal Scrap, Rods, TMT
Bars etc. |
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|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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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 moderate track record. Profitability of the company is low. External borrowing of the company
is huge which act as a threat to liquidity position of the company. However, trade relation are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with some
caution. |
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 slowly 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.
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. Vinod Kadam |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-23852908 |
|
Date : |
27.09.2014 |
LOCATIONS
|
Registered Office : |
1A, 1st Floor, 28, Mahimwala Bunglow, Khetwadi, 12th
Lane, Mumbai – 400 004, Maharashtra, India |
|
Tel. No.: |
91-22-23852908/
23827759/ 23807757/ 66362174/ 23803814 |
|
Fax No.: |
91-22-23820391 |
|
E-Mail : |
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|
Area : |
1200 Sq. Ft |
|
Location : |
Rented |
|
|
|
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Warehouse 1 : |
Village Dheku, Taluka Khalapur, District Raigad, Khopoli – 410203,
Maharashtra, India |
|
Location : |
Owned |
|
|
|
|
Warehouse 2 : |
Also Located at Coimbatore, Tamilnadu, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Omprakash Siremal Kanungo |
|
Designation : |
Director |
|
Address : |
5, Mugbhat Lane, 3rd Floor, Mumbai – 400004,
Maharashtra, India |
|
Date of Birth/Age : |
01.07.1966 |
|
Date of Appointment : |
08.07.1994 |
|
PAN No.: |
AAGPK3137N |
|
DIN No.: |
00248455 |
|
|
|
|
Name : |
Mr. Hitesh Roopchand Kanungo |
|
Designation : |
Director |
|
Address : |
5, Mugbhat Lane, 3rd Floor, Mumbai – 400004,
Maharashtra, India |
|
Date of Birth/Age : |
25.12.1980 |
|
Date of Appointment : |
01.01.1999 |
|
PAN No.: |
AFKPK7038P |
|
DIN No.: |
00248508 |
KEY EXECUTIVES
|
Name : |
Mr. Vinod Kadam |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Sowan Omprakash Kanungo |
|
350000 |
|
Bhagu Roopchand Kanungo |
|
798000 |
|
Hitesh Roopchand Kanungo |
|
282800 |
|
Mehul Omprakash Kanungo |
|
771400 |
|
Omprakash Siremal Kanungo |
|
1367800 |
|
Stainless Trading Private Limited, India |
|
1400000 |
|
Omprakash Siremal Kanungo HUF |
|
3000 |
|
Hitesh Roopchand Kanungo HUF |
|
3000 |
|
Kavita Hitesh Kanungo |
|
3000 |
|
Heer Omprakash Kanungo |
|
3000 |
|
Devyani Omprakash Kanungo |
|
3000 |
|
Total |
|
4985000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
28.08 |
|
Directors or relatives of Directors |
71.92 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Ferro’s and Non Ferro’s Metal Like Metal Scrap, Rods, TMT
Bars etc. |
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Products : |
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Exports : |
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Countries : |
·
Italy ·
Germany ·
USA ·
Spain |
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Imports : |
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Countries : |
·
Singapore ·
Malaysia ·
UAE ·
Australia |
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Terms : |
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Selling : |
Advance paymant |
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Purchasing : |
CAD |
GENERAL INFORMATION
|
No. of Employees : |
10 (Approximately) |
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|
|
Bankers : |
· Canara Bank, Khetwadi Branch, Mumbai - 400004, Maharashtra, India · Standard Chartered Bank, SME Credit, 23-25, M G Road, Fort, Mumbai - 400001, Maharashtra, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India |
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Banking
Relations : |
-- |
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|
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|
Auditors : |
|
|
Name : |
H.P. Jain and Associates Chartered Accountants |
|
Address : |
13/5, Jawahar Nagar, Goregaon, Mumbai – 400062, Maharashtra, India |
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PAN No.: |
AAAFZ2704N |
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|
|
|
Associates : |
· Rollwell Forge Private Limited CIN No.: U27100GJ1991PTC014964 · Stainless Trading India Limited CIN No.: U55100MH1986PLC041091 · Kanungo Impex Private Limited CIN No.: U51909MH2007PTC169528 · Tradewell Feromet Private Limited CIN No.: U51420MH2006PTC165515 · Ubique Alloys Private Limited CIN No.: U51420MH1996PTC102684 · NEO Incorporation |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4985000 |
Equity Shares |
Rs.10/- each |
Rs.49.850
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 |
49.850 |
49.700 |
49.700 |
|
(b) Reserves & Surplus |
47.568 |
35.432 |
25.412 |
|
(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) |
97.418 |
85.132 |
75.112 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
328.399 |
297.047 |
274.129 |
|
(b) Deferred tax liabilities (Net) |
0.213 |
0.145 |
0.042 |
|
(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) |
328.612 |
297.192 |
274.171 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
204.059 |
176.707 |
101.619 |
|
(b) Trade payables |
226.644 |
305.253 |
382.044 |
|
(c) Other current
liabilities |
15.088 |
21.260 |
87.759 |
|
(d) Short-term provisions |
5.918 |
7.977 |
10.588 |
|
Total Current Liabilities (4) |
451.709 |
511.197 |
582.010 |
|
|
|
|
|
|
TOTAL |
877.739 |
893.521 |
931.293 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.240 |
11.471 |
12.314 |
|
(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 |
5.063 |
5.063 |
5.063 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
14.721 |
17.733 |
17.169 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
31.024 |
34.267 |
34.546 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
230.994 |
231.109 |
303.978 |
|
(c) Trade receivables |
588.539 |
582.302 |
518.727 |
|
(d) Cash and cash
equivalents |
12.621 |
36.535 |
16.106 |
|
(e) Short-term loans and
advances |
14.561 |
9.308 |
57.936 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
846.715 |
859.254 |
896.747 |
|
|
|
|
|
|
TOTAL |
877.739 |
893.521 |
931.293 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
||
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|
SALES |
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||
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|
Income |
|
|
|
|
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|
Other Income |
|
|
|
|
|
|
|
TOTAL |
2,025.146 |
1,937.732 |
1,338.202 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
2,006.258 |
1,917.778 |
1,314.271 |
||
|
|
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||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
18.888 |
19.954 |
23.931 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION |
0.714 |
0.825 |
1.174 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
18.174 |
19.129 |
22.757 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
6.038 |
7.376 |
7.100 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
12.136 |
11.753 |
15.657 |
||
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.132 |
5.112 |
2.932 |
||
|
|
|
|
|
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||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Proposed Dividend |
0.000 |
1.491 |
2.982 |
|
|
|
|
Tax on Dividend |
0.000 |
0.242 |
0.495 |
|
|
|
|
Transfer to General Reserve |
0.000 |
10.000 |
10.000 |
|
|
|
BALANCE CARRIED
TO THE B/S |
17.268 |
5.132 |
5.112 |
||
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|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
258.180 |
4.343 |
4.261 |
|
|
|
TOTAL EARNINGS |
258.180 |
4.343 |
4.261 |
||
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||
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IMPORTS |
|
|
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||
|
|
|
Ferrous & Non Ferrous Metals |
NA |
487.481 |
461.455 |
|
|
|
TOTAL IMPORTS |
NA |
487.481 |
461.455 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.43 |
2.36 |
3.15 |
||
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
The above information has been parted by Mr. Vinod Kadam
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.60 |
0.61 |
1.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.08 |
2.15 |
2.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.22 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
5.47 |
5.56 |
5.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.87 |
1.68 |
1.54 |
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 |
49.700 |
49.700 |
49.850 |
|
Reserves & Surplus |
25.412 |
35.432 |
47.568 |
|
Net
worth |
75.112 |
85.132 |
97.418 |
|
|
|
|
|
|
long-term borrowings |
274.129 |
297.047 |
328.399 |
|
Short term borrowings |
101.619 |
176.707 |
204.059 |
|
Total
borrowings |
375.748 |
473.754 |
532.458 |
|
Debt/Equity
ratio |
5.003 |
5.565 |
5.466 |
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 |
|
Total Income |
1,338.202 |
1,937.732 |
2,025.146 |
|
|
|
44.801 |
4.511 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
1,338.202 |
1,937.732 |
2,025.146 |
|
Profit |
15.657 |
11.753 |
12.136 |
|
|
1.17% |
0.61% |
0.60% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current maturities of long term debt |
0.000 |
0.000 |
0.000 |
|
Total |
0.000 |
0.000 |
0.000 |
|
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 |
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 |
No |
REVIEW OF
OPERATION
The net sales turnover together with other incomes of the Company for the year increased to Rs.2025.100 Millions as compared to Rs.1937.700 Millions in the previous year, the net profit has increased to Rs.12.136 Millions against the previous year profit of Rs.11.753 Millions.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10115407 |
11/08/2009 * |
84,350,000.00 |
Standard Chartered Bank |
Sme Credit, 23-25, M G Road, Fort, Mumbai, Maharashtra - 400001, India |
A68198852 |
|
2 |
10037244 |
28/10/2013 * |
125,000,000.00 |
Yes Bank Limited |
9th Floor, Nehru
Centre, Discovery Of India,, Dr. |
B89493357 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.45 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
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 |
|
30 |
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.