MIRA INFORM REPORT
|
Report No. : |
316665 |
|
Report Date : |
10.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
YOGESHWAR
ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. W-150 (A), MIDC Industrial Area, Ambad, Nashik – 422010, Maharashtra |
|
Tel. No.: |
91-253-2382830 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.08.1986 |
|
|
|
|
Com. Reg. No.: |
11-040779 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.625 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28920MH1986PTC040779 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKY00022B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACY0657Q |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer, Supplier of Tungsten carbide powder, mining tips weal
parts, cutting tips etc. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 40000 |
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|
|
Status : |
Small business |
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|
|
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Payment Behaviour : |
Slow but correct |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject is a small company in its field. Its scale of activities are
limited. The company possesses an acceptable financial profile marked by adequate
networth base along with moderate working capital requirements. Management has witnessed a stagnant growth in its operations as a
result of steady revenue base as well as slightly incremental net
profitability during FY14. The ratings also take into consideration, the prospective demand for
the products as well as the competitive pressures from number of players in
the industry. Moreover, the profitability could be susceptible to volatility in
foreign exchange rates and input costs as the company is highly dependent on
the imported raw materials. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of long standing presence, the company can be considered for
small to mediocre business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
|
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
|
Name : |
Mr. Alok Kanani |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9820143331 |
|
Date : |
09.04.2015 |
LOCATIONS
|
Registered / Head Office : |
Plot No. W-150 (A), MIDC Industrial Area, Ambad, Nashik – 422010,
Maharashtra, India |
|
Tel. No.: |
91-253-2382830 |
|
Mobile No.: |
91-9820143331 (Mr. Alok Kanani) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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|
Sales Office : |
E-405, Kailash Industrial Complex, 90 D.P. Road, Park Site Vikroli
West, Mumbai – 400079, Maharashtra, India |
DIRECTORS
As on 24.09.2014
|
Name : |
Kanani Yogesh Khushaldas |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
3/4, Ashok Society, Plot 40, Kamal, Gangapur Road, Nashik – 422005,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
09.05.1950 |
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Date of Appointment : |
29.08.1986 |
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DIN No.: |
00743691 |
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|
|||||||||||||||||||||||||||
|
Name : |
Kanani Ramesh Khushaldas |
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|
Designation : |
Director |
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|
Address : |
3, Silver Cascade, Nashik Co-Op Housing Society, Mahatma Nagar, Nashik
– 422007, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.03.1959 |
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Date of Appointment : |
09.11.1987 |
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DIN No.: |
00743401 |
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|||||||||||||||||||||||||||
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Name : |
Kanani Himanshu Yogesh |
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|
Designation : |
Director |
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|
Address : |
3/4, Ashok Society, Plot 40, Kamal, Gangapur Road, Nashik – 422005,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
23.07.1978 |
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|
Date of Appointment : |
01.06.1999 |
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DIN No.: |
00743514 |
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|
|||||||||||||||||||||||||||
|
Name : |
Kanani Alok Yogesh |
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|
Designation : |
Director |
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|
Address : |
3/4, Ashok Society, Plot 40, Kamal, Gangapur Road, Nashik – 422005,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
19.04.1977 |
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|
Date of Appointment : |
25.03.2004 |
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DIN No.: |
01803929 |
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Other Directorship :
|
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|
|||||||||||||||||||||||||||
|
Name : |
Kanani Sheetal Yogesh |
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|
Designation : |
Director |
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|
Address : |
3/4, Ashok Society, Plot 40, Kamal, Gangapur Road, Nashik – 422005,
Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
16.02.1956 |
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Date of Appointment : |
23.05.2007 |
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DIN No.: |
01485636 |
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KEY EXECUTIVES
|
Name : |
Mr. Alok Kanani |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
As on 24.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kanani Yogesh Khushaldas |
|
3703 |
|
Kanani Ramesh Khushaldas |
|
399 |
|
Kanani Sheetal Yogesh |
|
1024 |
|
Radhaben khushaldas kanani |
|
664 |
|
Kanani Alok Yogesh |
|
460 |
|
Pinky Vijay Mehta |
|
1 |
|
Total |
|
6251 |
As on 24.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Supplier of Tungsten carbide powder, mining tips weal
parts, cutting tips etc. |
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|
|
|
Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
T.C. Products |
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Imports : |
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Products : |
T.C. Products |
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Countries : |
China |
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Terms : |
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Selling : |
L/C and Credit (30/60/90 Days) |
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Purchasing : |
L/C and Credit (30/60/90 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
S.K. Raja and Associates Chartered Accountants |
|
Address : |
01, Rajhans Complex, Tilak Wadi, Nashik – 422002, Maharashtra, India |
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Tel. No.: |
91-253-2232027 |
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Mobile No.: |
91-9890399398 |
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E-Mail : |
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PAN No.: |
AAPPR0053H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Concern in which key management personnel is interested as Director : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6251 |
Equity Shares |
Rs.100/-
each |
Rs.0.625
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.625 |
0.625 |
0.625 |
|
(b) Reserves &
Surplus |
15.167 |
14.626 |
14.030 |
|
(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) |
15.792 |
15.251 |
14.655 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
8.765 |
8.590 |
2.327 |
|
(b) Deferred tax liabilities
(Net) |
0.284 |
0.328 |
0.073 |
|
(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) |
9.049 |
8.918 |
2.400 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
9.109 |
7.983 |
5.933 |
|
(b) Trade payables |
3.440 |
1.584 |
6.236 |
|
(c) Other current
liabilities |
0.978 |
0.787 |
0.883 |
|
(d) Short-term provisions |
0.363 |
0.378 |
0.345 |
|
Total Current Liabilities
(4) |
13.890 |
10.732 |
13.397 |
|
|
|
|
|
|
TOTAL |
38.731 |
34.901 |
30.452 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.667 |
8.319 |
3.813 |
|
(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 |
0.002 |
0.002 |
0.002 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.823 |
0.650 |
0.523 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
9.492 |
8.971 |
4.338 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
11.395 |
10.375 |
13.177 |
|
(c) Trade receivables |
15.539 |
13.764 |
11.610 |
|
(d) Cash and cash
equivalents |
1.787 |
0.866 |
0.437 |
|
(e) Short-term loans and
advances |
0.454 |
0.686 |
0.864 |
|
(f) Other current assets |
0.064 |
0.239 |
0.026 |
|
Total Current Assets |
29.239 |
25.930 |
26.114 |
|
|
|
|
|
|
TOTAL |
38.731 |
34.901 |
30.452 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
35.610 |
34.021 |
31.120 |
|
|
Other Income |
0.170 |
0.086 |
0.050 |
|
|
TOTAL (A) |
35.780 |
34.107 |
31.170 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
17.401 |
19.970 |
|
|
|
Purchases of
Stock-in-Trade |
|
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
2.802 |
-2.667 |
|
|
Employees benefits
expense |
|
3.070 |
2.429 |
|
|
Other expenses |
|
6.873 |
8.070 |
|
|
TOTAL (B) |
33.638 |
30.146 |
27.802 |
|
|
|
|
|
|
|
Less |
|
2.142 |
3.961 |
3.368 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
(Including
Depreciation and Finance Expenses) |
1.930 |
1.092 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.031 |
2.276 |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
(F) |
1.220 |
1.145 |
0.691 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
0.922 |
0.886 |
1.585 |
|
|
|
|
|
|
|
Less |
TAX (I) |
0.159 |
0.289 |
0.512 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-I) (J) |
0.763 |
0.597 |
1.073 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
122.06 |
95.50 |
171.65 |
Expected Sales (2014-2015): Rs.47.500 Million
The above information has been parted by Mr. Alok Kanani (Chief Executive
Officer).
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.14 |
1.75 |
3.45 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
6.02 |
11.64 |
10.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.38 |
2.54 |
5.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.06 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.13 |
1.09 |
0.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.11 |
2.42 |
1.95 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.625 |
0.625 |
0.625 |
|
Reserves & Surplus |
14.030 |
14.626 |
15.167 |
|
Net worth |
14.655 |
15.251 |
15.792 |
|
|
|
|
|
|
long-term borrowings |
2.327 |
8.590 |
8.765 |
|
Short term borrowings |
5.933 |
7.983 |
9.109 |
|
Total borrowings |
8.260 |
16.573 |
17.874 |
|
Debt/Equity ratio |
0.564 |
1.087 |
1.132 |
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 |
31.120 |
34.021 |
35.610 |
|
|
|
9.322 |
4.671 |
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 |
31.120 |
34.021 |
35.610 |
|
Profit |
1.073 |
0.597 |
0.763 |
|
|
3.45% |
1.75% |
2.14% |
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 |
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 |
Yes |
|
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 |
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and
advances from related parties |
|
|
|
Hansa K. Kanani |
0.070 |
0.070 |
|
Himanshu Y. Kanani |
0.206 |
0.206 |
|
Mansi Kiran Kanani |
0.216 |
0.216 |
|
R.K. Kanani |
0.622 |
0.622 |
|
R.R. Kanani |
0.055 |
0.055 |
|
Ramesh K. Kanani |
0.055 |
0.055 |
|
Yogesh K. Kanani |
1.099 |
1.099 |
|
Shital Y. Kanani |
1.014 |
1.004 |
|
Pinky Vijay Mehta |
0.807 |
0.800 |
|
Total |
4.144 |
4.127 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10552667 |
20/02/2015 |
5,300,000.00 |
BANK OF MAHARASHTRA |
AMBAD I E BRANCH, NEAR AMBAD POLICE STATION, ASHWIN NAGAR, CIDCO, NASHIK, Maharashtra - 422009, INDIA |
C45364791 |
|
2 |
10375525 |
21/08/2012 |
6,365,000.00 |
BANK OF MAHARASHTRA |
AMBAD BRANCH, MIDC AREA, AMBAD, NASHIK, Maharashtra - 422010, INDIA |
B57696338 |
|
3 |
10274557 |
08/05/2014 * |
12,000,000.00 |
BANK OF MAHARASHTRA |
AMBAD BRANCH, MIDC AREA, AMBAD, NASHIK, Maharashtra - 422001, INDIA |
C03956570 |
|
4 |
10274556 |
23/02/2011 |
6,000,000.00 |
Bank of Maharashtra |
Ambad I.E. Branch, Ambad, Nashik, Maharashtra - 422010, INDIA |
B08595571 |
|
5 |
90163013 |
17/10/1994 |
1,250,000.00 |
MSFC |
REGIONAL OFFICE ;NASHIK; BRANCH, TRIMAK ROAD, NASIK, Maharashtra - 422010, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land and Building
- Plant and
Machinery
- Electrical
Installation
- Tools and
Hardware
- Furniture and
Fixtures
- Computer
- Vehicles
- 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.62.25 |
|
|
1 |
Rs.92.49 |
|
Euro |
1 |
Rs.66.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
|
|
--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 |
|
35 |
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.