MIRA INFORM REPORT
|
Report No. : |
314304 |
|
Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
K. TECH (INDIA) LIMITED |
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|
|
|
Formerly Known
as : |
K. TECH (INDIA) PRIVATE LIMITED (w.e.f.21.03.2006) |
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Registered
Office : |
7-B, Bata Compound, Eastern Express Highway, Khopat, Thane – 400 601,
Maharashtra |
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Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
18.01.2000 |
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Com. Reg. No.: |
11-123695 |
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Capital
Investment / Paid-up Capital : |
Rs. 33.000 Million |
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|
|
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CIN No.: [Company Identification
No.] |
U24222MH2000PLC123695 |
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|
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TAN No.: [Tax Deduction & Collection
Account No.] |
PNEK05006B |
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PAN No.: [Permanent Account No.] |
AABCK6341G |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Paints and Coating Printing Inks, Leather
Finishing Additives etc. |
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No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 156000 |
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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. The rating is constrained on account of company’s moderate financial
risk profile and low reserves of the company. However, trade relations are fair. Business is active. Payments are
reported to be 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mrs. Ratana |
|
Designation : |
Receptionist |
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Contact No.: |
91-9601952817 |
|
Date : |
27.03.2015 |
LOCATIONS
|
Registered Office : |
7-B, Bata Compound, Eastern Express Highway, Khopat, Thane – 400 601, Maharashtra,
India |
|
Tel. No.: |
91-22-25476486/ 25476496 |
|
Mobile No.: |
91-9820295086 (Mr. Shobhit Srivastava) |
|
Fax No.: |
91-22-25476794 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
Factory : |
6, Bramha Compound, Opposite Rehnal Bus Stop, Val Village, Rehnal, Thane
– 421 002, Maharashtra, India |
|
Area : |
5000 sq ft |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Subhash Chandra Srivastava |
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Designation : |
Managing Director |
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|
Address : |
D/4, Neelshilp Housing Society, Kalher, Bhiwandi, Thane – 421 302,
Maharashtra, India |
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Date of Birth/Age : |
15.08.1956 |
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Date of Appointment : |
18.01.2000 |
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DIN No.: |
00296203 |
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Other Directorship :
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Name : |
Mrs. Kiran Srivastava |
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Designation : |
Director |
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|
Address : |
D/4, Neelshilp
Housing Society, Kalher, Bhiwandi, Thane – 421 302, |
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Date of Birth/Age : |
06.05.1958 |
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Date of Appointment : |
18.01.2000 |
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DIN No.: |
00296187 |
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Other Directorship :
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Name : |
Mr. Shobhit Srivastava |
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Designation : |
Director |
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|
Address : |
D/4, Neelshilp
Housing Society, Kalher, Bhiwandi, Thane – 421 302, Maharashtra, India |
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Date of Birth/Age : |
07.04.1983 |
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Date of Appointment : |
18.01.2000 |
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DIN No.: |
00296210 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Kiran Srivastava |
799159 |
|
Subhash Srivastava |
508400 |
|
Shobhit Srivastava |
487300 |
|
Shairali Srivastava |
305000 |
|
R.P. Srivastava |
12500 |
|
Rakesh Srivastava |
50500 |
|
Rose Srivastava |
51500 |
|
Neena Srivastava |
182500 |
|
Soumya Srivastava |
121500 |
|
Shreya Srivastava |
119500 |
|
Arvind Bharti |
26500 |
|
Sudha Srivastava |
26500 |
|
Aakansha Srivastava |
26500 |
|
Akriti Srivastava |
21500 |
|
Anshima Srivastava |
21500 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
%20LIMITED%20-%20314304%2003-Apr-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Paints and Coating Printing Inks, Leather
Finishing Additives etc. |
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Products/ Services : |
· Paints and Coating Additives · Ink Additives · Polymer and Rubber Additives · Pigment Synergistic and Additives · Leather Finishing Additives · Specialty Textile Chemicals · Specialty Paper Chemicals · Specialty Process Chemicals |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Brilliant Industries · Canara Engineers Private Limited · Chamundi Bearing Enterprises · Chamundi Electric and Pipes · Govind Electricals |
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Customers : |
· ABAD Chemicals · ABC Chemicals Export Private Limited · Acepol Chemicals · Advance Paints Private Limited (Ankleshwar) · Ajit Carbons and Pigments Limited |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
· Small Industries Development Bank of India, 11-13, Atlanta Building, 209, First Floor, V. K. Shah Marg, Nariman Point, Mumbai – 400021, Maharashtra , India · ICICI Bank Limited · Kotak Mahindra Bank Limited · State Bank Of India · Indusind Bank · Thane Janta Sahakari Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ajai Shanker and Company Chartered Accountants |
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Address : |
112/206 A, Swaroop Nagar, Kanpur – 208002, Uttar Pradesh, India |
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Tel. No.: |
91-512-3017506 |
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Mobile No.: |
91-9839211408 |
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Fax No.: |
91-512-2551249 |
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E-Mail : |
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Income-tax
PAN of auditor or auditor's firm : |
AEHPS6944Q |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Million |
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Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
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|
44,00,000 |
Equity Shares |
Rs. 10/- each |
Rs. 44.000 Million |
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Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
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|
|
|
|
33,00,000 |
Equity Shares |
Rs. 10/- each |
Rs. 33.000 Million |
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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 |
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|
|
|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
33.000 |
20.000 |
17.000 |
|
(b) Reserves & Surplus |
10.445 |
7.841 |
5.268 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
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(2) Share
Application money pending allotment |
11.000 |
16.000 |
10.000 |
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Total
Shareholders’ Funds (1) + (2) |
54.445 |
43.841 |
32.268 |
|
|
|
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|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
11.248 |
12.344 |
16.313 |
|
(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) |
11.248 |
12.344 |
16.313 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
37.011 |
31.249 |
26.101 |
|
(c)
Other current liabilities |
14.386 |
14.306 |
13.196 |
|
(d)
Short-term provisions |
1.188 |
0.960 |
0.000 |
|
Total
Current Liabilities (4) |
52.585 |
46.515 |
39.297 |
|
|
|
|
|
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TOTAL |
118.278 |
102.700 |
87.878 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
43.112 |
14.346 |
11.420 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.235 |
29.587 |
24.492 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
2.244 |
2.077 |
1.847 |
|
(c) Deferred tax assets
(net) |
0.431 |
0.500 |
0.000 |
|
(d) Long-term Loan
and Advances |
1.583 |
0.097 |
0.062 |
|
(e)
Other Non-current assets |
0.037 |
1.883 |
1.901 |
|
Total
Non-Current Assets |
47.642 |
48.490 |
39.722 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
20.113 |
15.139 |
13.188 |
|
(c)
Trade receivables |
40.852 |
31.209 |
30.083 |
|
(d)
Cash and cash equivalents |
1.296 |
0.207 |
0.847 |
|
(e)
Short-term loans and advances |
8.375 |
7.655 |
4.038 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
70.636 |
54.210 |
48.156 |
|
|
|
|
|
|
TOTAL |
118.278 |
102.700 |
87.878 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
116.047 |
89.161 |
67.096 |
|
|
|
Other Income |
0.095 |
0.080 |
0.072 |
|
|
|
TOTAL (A) |
116.142 |
89.241 |
67.168 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
70.238 |
52.851 |
32.212 |
|
|
|
Employees benefits expense |
9.915 |
7.966 |
9.459 |
|
|
|
Other expenses |
24.482 |
20.693 |
20.599 |
|
|
|
TOTAL (B) |
104.635 |
81.510 |
62.270 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11.507 |
7.731 |
4.898 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.425 |
2.156 |
0.579 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.082 |
5.575 |
4.319 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.017 |
2.443 |
1.736 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.065 |
3.132 |
2.583 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.255 |
0.968 |
1.150 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.810 |
2.164 |
1.433 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.85 |
1.08 |
0.72 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.42 |
2.43 |
2.14 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
9.92 |
8.67 |
7.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.52 |
4.44 |
4.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.07 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.21 |
0.28 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.17 |
1.23 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
17.000 |
20.000 |
33.000 |
|
Reserves & Surplus |
5.268 |
7.841 |
10.445 |
|
Share Application money
pending allotment |
10 |
16 |
11 |
|
Net
worth |
32.268 |
43.841 |
54.445 |
|
|
|
|
|
|
long-term borrowings |
16.313 |
12.344 |
11.248 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
16.313 |
12.344 |
11.248 |
|
Debt/Equity
ratio |
0.506 |
0.282 |
0.207 |
%20LIMITED%20-%20314304%2003-Apr-2015_files/image015.gif)
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
67.096 |
89.161 |
116.047 |
|
|
|
32.886 |
30.154 |
%20LIMITED%20-%20314304%2003-Apr-2015_files/image017.gif)
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
67.096 |
89.161 |
116.047 |
|
Profit |
1.433 |
2.164 |
2.810 |
|
|
2.14% |
2.43% |
2.42% |
%20LIMITED%20-%20314304%2003-Apr-2015_files/image019.gif)
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 |
No |
|
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 |
-- |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10218023 |
05/05/2010 |
19,000,000.00 |
SMALL INDUSTRIES
DEVELOPMENT BANK OF INDIA |
11-13, ATLANTA
BUILDING,209, FIRST FLOOR,, V.K.SH |
A84675792 |
|
2 |
90144437 |
31/03/2003 |
1,000,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED. |
KHOPAT BRANCH,
THANE, MAHARASHTRA, INDIA |
- |
|
3 |
90144237 |
20/12/2002 |
739,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED. |
KHOPAT BRANCH,
THANE, MAHARASHTRA, INDIA |
- |
|
4 |
90143939 |
29/05/2002 |
500,000.00 |
THE THANE JANATA
SAHAKARI BANK LIMITED. |
KHOPAT BRANCH,
THANE, MAHARASHTRA, INDIA |
- |
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Subhash
Srivastava (Advances) |
0.065 |
0.250 |
|
Kiriti Jivraj |
0.900 |
0.000 |
|
Shairali Srivastava (Advances) |
1.000 |
0.000 |
|
SHORT TERM BORROWINGS |
|
|
|
Total |
1.965 |
0.250 |
REVIEW OF
OPERATION :
During the year under
review, the Company has eared of Rs. 116.047 Million which is Rs. 26.886
Million more as compared to previous year. The net profit for the year under
review has been Rs. 2.810 Million as against Rs. 2.164 Million during the
previous financial year. Your Directors are continuously looking for avenues
for future growth of the Company in such industry.
FIXED ASSETS:
· Land
· Building
· Plant and Machinery
· Motor Cars
· Furniture and Fixture
· Office Equipment
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. 62.59 |
|
|
1 |
Rs. 92.46 |
|
Euro |
1 |
Rs. 67.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
MAN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ARC |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
34 |
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.