MIRA INFORM REPORT
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Report No. : |
316052 |
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Report Date : |
06.04.2015 |
IDENTIFICATION DETAILS
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Name : |
YASH METALICS PRIVATE LIMITED |
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Registered
Office : |
Plot No. 35-36, MIDC, Shiroli, Kolhapur - 416122, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
07.02.1995 |
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Com. Reg. No.: |
25-085333 |
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Capital Investment
/ Paid-up Capital : |
Rs. 22.000 Million |
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CIN No.: [Company Identification
No.] |
U27106PN1995PTC085333 |
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IEC No.: |
3105009922 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACY0539M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Grey Iron and Ductile Iron Castings. |
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No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. Management of the company has failed to file its latest financial for
the year 2014 with the government department. As per available financial of 2013, there seems drastic dip in the
profit of the company. External borrowings of the company also seems to be
increasing as compared to previous year. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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
|
Name : |
Mr. Kallappa Chougale |
|
Designation : |
Finance Controller |
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Contact No.: |
91-230-2460269 |
|
Date : |
04.04.2015 |
LOCATIONS
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Registered Office/ Factory 1 : |
Plot No. 35-36, MIDC, Shiroli, Kolhapur -
416122, Maharashtra, India |
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Tel. No. : |
91-230-2460269 / 70/ 71 |
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Fax No. : |
Not Available |
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E-Mail : |
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Website : |
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Factory 2: |
G - 40, MIDC Shiroli, |
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Tel. No.: |
91-230-2460269 / 2460270 / 2468415 |
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Fax No. : |
91-230-2469816 |
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Factory 3 : |
Plot No. D-31, MIDC, Shiroli, Kolhapur,
Maharashtra, India |
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Tel. No.: |
91-230-2469704 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Promod Vinayak Sapre |
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Designation : |
Director |
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Address : |
Parvatidevi Cooperative Housing Society, Nagala Park, Kolhapur –
416002, Maharashtra, India |
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Date of Birth/Age : |
05.06.1956 |
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Experience : |
18 Years |
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Date of Appointment : |
07.02.1995 |
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DIN No. : |
00279480 |
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Name : |
Mr. Prabhakar Vithal Janwadkar |
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Designation : |
Director |
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Address : |
Prabha, 14th Lane, Rajarampuri, Kolhapur – 416008,
Maharashtra, India |
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Date of Birth/Age : |
24.04.1955 |
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Experience : |
18 Years |
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Date of Appointment : |
07.02.1995 |
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DIN No. : |
00279523 |
KEY EXECUTIVES
|
Name : |
Mr. Kallappa Chougale |
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Designation : |
Finance Controller |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Pramod Vinayak Sapre |
9530 |
43.32 |
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Prabhakar Vitthal Janwadkar |
9865 |
44.84 |
|
Padmakar Vinayak Sapre |
400 |
1.82 |
|
Padmaja Padmakar Sapre |
50 |
0.23 |
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Sushmita Pramod Sapre |
50 |
0.23 |
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Ashok Vinayak Sapre |
310 |
1.41 |
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Ajay Padmakar Sapre |
630 |
2.86 |
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Beena Prabhakar Janwadkar |
865 |
3.93 |
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Yatin Prabhakar Janwadkar |
300 |
1.36 |
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Total |
22000 |
100.00 |
Allottees as on 10.01.2014
|
Names of Allottees |
No. of Shares |
|
Pramod Vinayak Sapre |
5200 |
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Prabhakar Vithal Janwadkar |
5200 |
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|
10400 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Grey Iron and Ductile Iron Castings. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Casting Components |
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Countries : |
USA |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· Korea · Japan |
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Terms : |
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Selling : |
Cash and Credit (30 Days/ 60 Days/ 90 Days) |
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Purchasing : |
Cash and Credit (30 Days/ 60 Days/ 90
Days) |
PRODUCTION STATUS (AS ON 31.03.2011)
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Particulars |
Unit |
31.03.2011 |
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Installed Capacity |
MT |
1200 |
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Utilized Capacity |
MT |
1150 |
GENERAL INFORMATION
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Suppliers : |
· Sesa Goa Limited · Eaton · Cummins |
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Customers : |
OEMs and End Users
· Mahindra Rise · New Holland · ZF India · Daimler |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
·
The Shamrao Vithal Co-Operative Bank Limited, 1 &
2, Anant Towers, 1115, Shahupuri, Rajarampuri Road, Kolhapur - 416001,
Maharashtra, India · The Ratnakar Bank Limited, Shahupuri Branch, Kolhapur - 416001, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Rajesh Lohia and Company Chartered Accountants |
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Address : |
0-17, Royal Courts, Panch Bungalow, Shahupuri, Kolhapur – 416001, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAFPL2895R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Related Parties : |
· TRIO Enterprises · Versatile Engineers · Prabha Engineers · Sapre Auto Ancillaries |
CAPITAL STRUCTURE
After 30.09.2013
Authorised Capital : Rs. 50.000 Millions
Issued, Subscribed & Paid-up Capital : Rs,
40.000 Millions
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
40,000 |
Equity Shares |
Rs.1000/- each |
Rs. 40.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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22,000 |
Equity Shares |
Rs.1000/- each |
Rs. 22.000 Million |
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FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders'
Funds |
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(a) Share Capital |
22.000 |
14.200 |
14.200 |
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(b) Reserves & Surplus |
122.400 |
108.403 |
79.327 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.700 |
6.878 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
145.100 |
129.481 |
93.527 |
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(3) Non-Current
Liabilities |
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(a) Long-term borrowings |
266.179 |
108.042 |
92.824 |
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(b) Deferred tax liabilities (Net) |
13.253 |
3.452 |
0.394 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
279.432 |
111.494 |
93.218 |
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(4) Current Liabilities |
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(a) Short
term borrowings |
160.763 |
145.968 |
91.140 |
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(b) Trade
payables |
148.647 |
135.307 |
183.783 |
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(c) Other
current liabilities |
37.188 |
73.878 |
10.371 |
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(d) Short-term
provisions |
38.082 |
60.686 |
33.211 |
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Total Current
Liabilities (4) |
384.680 |
415.839 |
318.505 |
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TOTAL |
809.212 |
656.814 |
505.250 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
394.771 |
129.901 |
109.844 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
99.524 |
9.029 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
0.577 |
0.577 |
0.577 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
34.135 |
25.880 |
4.648 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
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Total Non-Current
Assets |
429.483 |
255.882 |
124.098 |
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(2) Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
148.453 |
143.819 |
98.441 |
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(c) Trade
receivables |
164.699 |
157.901 |
187.204 |
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(d) Cash
and cash equivalents |
26.813 |
42.798 |
17.749 |
|
(e)
Short-term loans and advances |
33.422 |
36.759 |
65.053 |
|
(f) Other
current assets |
6.342 |
19.655 |
12.705 |
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Total Current
Assets |
379.729 |
400.932 |
381.152 |
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TOTAL |
809.212 |
656.814 |
505.250 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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TOTAL (A) |
1314.510 |
1215.091 |
918.869 |
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Less |
EXPENSES |
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TOTAL (B) |
1226.988 |
1116.429 |
845.401 |
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PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
87.522 |
98.662 |
73.468 |
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Less |
FINANCIAL
EXPENSES (D) |
35.940 |
33.774 |
25.767 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
51.582 |
64.888 |
47.701 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
21.462 |
17.254 |
13.071 |
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PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
30.120 |
47.634 |
34.630 |
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Less |
TAX (H) |
15.827 |
18.558 |
12.606 |
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PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
14.293 |
29.076 |
22.024 |
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EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
0.761 |
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Earnings /
(Loss) Per Share (Rs.) |
649.68 |
2047.61 |
1550.99 |
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Expected Sales (2014-2015): Rs. 1190.000 Millions (Due to Market
Slowdown)
The above information has been parted by Mr. Kallappa Chougale (Finance
Controller).
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
3.72 |
8.56 |
6.99 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.37 |
0.37 |
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Debt Equity Ratio (Total Debt/Networth) |
|
2.94 |
1.96 |
1.97 |
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Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.96 |
1.20 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
14.200 |
14.200 |
22.000 |
|
Reserves & Surplus |
79.327 |
108.403 |
122.400 |
|
Share Application money
pending allotment |
0.000 |
6.878 |
0.700 |
|
Net
worth |
93.527 |
129.481 |
145.100 |
|
|
|
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Long-term borrowings |
92.824 |
108.042 |
266.179 |
|
Short term borrowings |
91.140 |
145.968 |
160.763 |
|
Total
borrowings |
183.964 |
254.010 |
426.942 |
|
Debt/Equity
ratio |
1.967 |
1.962 |
2.942 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
918.869 |
1215.091 |
1314.510 |
|
|
|
32.238 |
8.182 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
918.869 |
1215.091 |
1314.510 |
|
Profit |
22.024 |
29.076 |
14.293 |
|
|
2.40% |
2.39% |
1.09% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
31.03.2011 (Rs.
In Millions) |
|
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Current Maturities of Long Term Debts |
21.621 |
44.295 |
NA |
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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 |
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 |
No |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
No |
LITIGATION
DETAILS
|
HIGH COURT OF BOMBAY |
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CASE DETAILS |
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BENCH:- BOMBAY |
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PRESENTATION DATE: 21/01/2015 |
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STAMP NO:- WPST/1728/2015 |
FILING DATE:- 21/01/2015 |
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YASH METALICS PRIVATE LIMITED |
MAHARASHTRA STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED |
RESPONDENT:- |
YASH METALICS PRIVATE LIMITED |
|
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PETN.ADV:- |
DSK LEGAL (I1590) |
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DISTRICT:- |
KOLHAPUR |
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BENCH:- |
SINGLE |
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STATUS:- |
PRE-ADMISSION |
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LAST DATE:- |
28/01/2015 |
STAGE:- |
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LAST CORAM:- |
REGISTRAR (JUDICIAL) |
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ACT:- |
ELECTRICITY SUPPLIES ACT, 1948 |
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INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10480203 |
19/11/2014 * |
60,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
C.S.NO.681A,E-WARD,MAHAVEER BHAVAN, 2ND LANE SHAHUPURI, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
C39485842 |
|
2 |
10379839 |
21/12/2012 * |
129,400,000.00 |
THE SHAMRAO VITHAL COOPERATIVE BANK LTD. |
1&2, ANAND TOWERS, 1115, SHAHUPURI, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B65090243 |
|
3 |
10314476 |
02/08/2012 * |
7,700,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
1 & 2 ANANT TOWERS,1115,SHAHUPURI, RAJARAMPURI ROAD, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B56532427 |
|
4 |
10272545 |
19/11/2014 * |
165,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
C.S.NO.681A,E-WARD, MAHAVEER BHAVAN, 2ND LANE SHAHUPURI, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
C39485149 |
|
5 |
10210208 |
28/07/2010 * |
4,200,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
681, E WARD, MAHAVIR CHOWK, 2 ND LANE SHAHUPURI, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
A91346478 |
|
6 |
10117302 |
28/03/2013 * |
236,000,000.00 |
THE SHAMRAO VITHAL CO-OPERATIVE BANK LIMITED |
681 A, MAHAVEER BHAVAN,, SHAHUPURI 2ND LANE, KOLHAPUR, MAHARASHTRA - 416001, INDIA |
B90961780 |
|
7 |
90082445 |
11/05/2000 * |
8,000,000.00 |
THE MAHARASHTRA STATE FINANCIAL CORPORATION |
NEW EXCELSIOR BUILDING, AMRUT KESHAV NAYAK MARG |
- |
|
8 |
90087658 |
28/05/1996 * |
3,500,000.00 |
STATE BANK OF INDIA |
SHIROLL MIDC BRANCH, KOLHAPUR, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Million) |
31.03.2012 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Other loans and advances, others |
8.523 |
0.292 |
|
Deferred sales tax loan |
10.698 |
10.698 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Other loans and advances |
0.000 |
26.158 |
|
Total |
19.221 |
37.148 |
RESULTS OF
OPERATION
During the year, the company achieved the turnover of Rs.1314.510 Million as against Rs. 1215.091 Million in the previous year. During the year company has earned net profit of Rs.14.293 Million as against Net Profit of Rs. 29.076 Million in previous year showing decrease in current year’s profit.
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
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 : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.