MIRA INFORM REPORT
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Report No. : |
315729 |
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Report Date : |
08.04.2015 |
IDENTIFICATION DETAILS
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Name : |
SHAKAMBHARI ISPAT AND POWER LIMITED (w.e.f. 30.12.2010) |
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Formerly Known
as : |
MA CHHINNAMASTIKA STEEL AND POWER LIMITED |
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Registered
Office : |
Diamond Prestige, 8th Floor, Room 801, A.J.C. Bose Road
41A, Kolkata - 700071, West Bengal |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.10.2001 |
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Com. Reg. No.: |
21-093869 |
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Capital
Investment / Paid-up Capital : |
Rs.282.617 Million |
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CIN No.: [Company Identification
No.] |
U27109WB2001PLC093869 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction & Collection
Account No.] |
CALM04458G |
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PAN No.: [Permanent Account No.] |
AADCM1189L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturing Iron and Steel, Stainless Steel, Alloy Steel etc. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 5500000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration improved operational risk profile
backed by funds infusion by the promoters at regular intervals, vast of
experience of the promoters in an industry and sound financial base of the
company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CARE |
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Rating |
Long Term Bank Facilities = BBB- |
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Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
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Date |
02 July 2014 |
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Rating Agency Name |
CARE |
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Rating |
Short Term Bank Facilities = A3 |
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Rating Explanation |
Moderate degree of safety and higher credit
risk. |
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Date |
02 July 2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
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Name : |
Mr. Indrajeet Bose / Mr. Somnath / Mr. Anil |
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Designation : |
Account Department / Marketing Department |
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Contact No.: |
91-9233320192 |
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Date : |
03.04.2015 |
LOCATIONS
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Registered Office : |
Diamond Prestige, 8th Floor, Room 801, A.J.C. Bose Road
41A, Kolkata - 700071, West Bengal |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-9233320192 (Mr. Anil) |
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Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on : 30.09.2014
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Name : |
Mr. Deepak Kumar Agarwal |
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Designation : |
Director |
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Address : |
3/2B
Armstrong Avenue , Durgapur, Burdwan – 713212, West
Bengal, India |
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Date of Birth/Age : |
31.03.1970 |
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Date of Appointment : |
26.10.2010 |
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PAN No: |
ABSPA2276K |
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DIN No.: |
00646153 |
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Other Directorship :
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Name : |
Mr. Ramabatar Agarwal |
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Designation : |
Director |
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Address : |
A-1-3,Amashtang
Path Durgapur, Newtownship, Durgapur, Burdwan – 713212, West Bengal, India |
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Date of Birth/Age : |
14.01.1944 |
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Date of Appointment : |
28.06.2011 |
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DIN No.: |
02930064 |
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Other Directorship :
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Name : |
Mr. Vinay Kumar Agarwal |
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Designation : |
Director |
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Address : |
133 B,
Aldrin Path, Bhidhannagar Durgapur, Burdwan – 713212, West Bengal, India |
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Date of Birth/Age : |
06.05.1970 |
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Date of Appointment : |
28.06.2011 |
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PAN No.: |
ACAPA3335N |
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DIN No.: |
00646116 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on : 30.09.2014
|
Names of Shareholders |
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No. of Shares |
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Deepak Kumar Agarwal |
|
1430270 |
|
Vinay Kumar Agarwal |
|
1208170 |
|
Gagan Ferrotech Limited |
|
1191470 |
|
Aura Marchants Private
Limited |
|
1949296 |
|
Enargy Tie -up Private
Limited |
|
2438822 |
|
JDL Stock Broking Services
Private Limited |
|
400300 |
|
DV Re -rolling Mills Private
Limited |
|
5791000 |
|
Innovation Infraestates
Private Limited |
|
1356000 |
|
M H S Sahny Engineers Private
Limited |
|
70400 |
|
Pushpnita Coal
Marchandise Private Limited |
|
25000 |
|
Scanpoint Infoware
Private Limited |
|
1542500 |
|
Scorpio Marketing Private
Limited |
|
294000 |
|
Sparking Star Infradev
Private Limited |
|
230000 |
|
Capable Infradevelopers Private Limited |
|
2969230 |
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Shivratri Vyapaar Private Limited |
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3098461 |
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Total |
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28261679 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
90.66 |
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Directors or relatives of Directors |
9.34 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing Iron and Steel, Stainless Steel, Alloy Steel 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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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Name : |
Anoop Kumar Agarwal and Associates Chartered Accountants |
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Address : |
Ms 28/9, Bengal, Ambuja Complex, Urvashi , Cit,Durgapur-713216, India |
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PAN No.: |
AHWPA2888H |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates: |
Gagan Ferrotech Limited PAN No.: AABCG2667B CIN No.:
U51109WB1993PLC058238 Shakambhari Overseas Trade Private Limited PAN No.: AACCS6349H CIN No.:
U27105WB1996PTC097224 DV Re-Rolling
Mills Private Limited PAN No.: AADC6365R CIN No.: U74999WB2009PTC137327 |
CAPITAL STRUCTURE
As on : 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
36000000 |
Equity Shares |
Rs.10/- each |
Rs.360.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
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|
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|
28261679 |
Equity Shares |
Rs.10/- each |
Rs.282.618
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
|
|
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(a) Share Capital |
282.617 |
221.940 |
176.940 |
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(b) Reserves & Surplus |
1654.386 |
1216.451 |
910.811 |
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(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 |
0.000 |
0.000 |
70.234 |
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Total
Shareholders’ Funds (1) + (2) |
1937.003 |
1438.391 |
1157.985 |
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(3) Non-Current Liabilities |
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|
|
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(a) long-term borrowings |
39.748 |
160.996 |
137.764 |
|
(b) Deferred tax liabilities
(Net) |
38.794 |
19.698 |
5.527 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.018 |
0.742 |
0.466 |
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Total
Non-current Liabilities (3) |
79.560 |
181.436 |
143.757 |
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(4) Current Liabilities |
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|
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(a) Short term borrowings |
614.897 |
583.174 |
531.005 |
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(b) Trade payables |
578.410 |
513.366 |
440.766 |
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(c) Other current liabilities |
101.434 |
137.204 |
201.975 |
|
(d) Short-term provisions |
34.707 |
22.797 |
16.460 |
|
Total
Current Liabilities (4) |
1329.448 |
1256.541 |
1190.206 |
|
|
|
|
|
|
TOTAL |
3346.011 |
2876.368 |
2491.948 |
|
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|
|
|
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II.
ASSETS |
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|
|
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(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
860.902 |
911.664 |
847.854 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
223.323 |
0.000 |
33.862 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6.307 |
6.307 |
2.605 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
308.925 |
13.054 |
1.524 |
|
(e) Other Non-current assets |
0.660 |
0.340 |
0.467 |
|
Total
Non-Current Assets |
1400.117 |
931.365 |
886.312 |
|
|
|
|
|
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(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
823.423 |
499.217 |
389.065 |
|
(c) Trade receivables |
915.451 |
1219.710 |
1005.531 |
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(d) Cash and cash equivalents |
107.161 |
146.260 |
139.714 |
|
(e) Short-term loans and
advances |
88.239 |
68.196 |
59.706 |
|
(f) Other current assets |
11.620 |
11.620 |
11.620 |
|
Total
Current Assets |
1945.894 |
1945.003 |
1605.636 |
|
|
|
|
|
|
TOTAL |
3346.011 |
2876.368 |
2491.948 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4419.801 |
3329.895 |
3023.930 |
|
|
Other Income |
12.306 |
13.238 |
11.233 |
|
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TOTAL
(A) |
4432.107 |
3343.133 |
3035.163 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
3230.752 |
2306.811 |
1438.073 |
|
|
Purchases of Stock-in-Trade |
670.923 |
618.878 |
1340.604 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
44.980 |
(26.668) |
(95.972) |
|
|
Employees benefits expense |
21.456 |
20.110 |
11.868 |
|
|
Other expenses |
133.072 |
129.960 |
104.197 |
|
|
TOTAL
(B) |
4101.183 |
3049.091 |
2798.770 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
330.923 |
294.042 |
236.393 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
111.856 |
121.469 |
103.787 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
219.067 |
172.573 |
132.606 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
61.052 |
58.909 |
50.337 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
158.015 |
113.664 |
82.269 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
53.803 |
37.524 |
26.837 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
104.212 |
76.140 |
55.432 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3.69 |
2.69 |
1.96 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT/Sales) |
(%) |
2.36 |
2.29 |
1.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBITD/Sales) |
(%) |
7.49 |
8.83 |
7.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.07 |
3.96 |
3.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.08 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.34 |
0.52 |
0.58 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46 |
1.55 |
1.35 |
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 |
176.940 |
221.940 |
282.617 |
|
Reserves & Surplus |
910.811 |
1216.451 |
1654.386 |
|
Share Application Money
pending allotment |
0.000 |
0.000 |
70.234 |
|
Net
worth |
1087.751 |
1438.391 |
1937.003 |
|
|
|
|
|
|
long-term borrowings |
137.764 |
160.996 |
39.748 |
|
Short term borrowings |
531.005 |
583.174 |
614.897 |
|
Total
borrowings |
668.769 |
744.170 |
654.645 |
|
Debt/Equity
ratio |
0.615 |
0.517 |
0.338 |
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 |
3023.930 |
3329.895 |
4419.801 |
|
|
|
10.118 |
32.731 |
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 |
3023.930 |
3329.895 |
4419.801 |
|
Profit |
55.432 |
76.140 |
104.212 |
|
|
1.83% |
2.29% |
2.36% |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The registered address of the company has been shifted from 11A, M.D.
Road, 4th Floor, Room No. 3, Kolkata – 700007, West Bengal, India to
the present address w.e.f 01.09.2013
OPERATION:
The Directors are pleased to inform that the Turnover
of the company has increased from Rs.3793.300 Million to Rs. 5010.300 Million.
Profit before Tax has also increased from 113.665 Million to 158.014 Million.
Barring unforeseen circumstances, the directors are hopeful of even better
results in the ensuing year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10464290 |
03/12/2013 |
2,883,400,000.00 |
UCO BANK (LEAD BANK) |
FLAGSHIP CORPORATE BRANCH, 3, NETAJI SUBHAS ROAD, |
B91164350 |
|
2 |
10464285 |
22/11/2013 |
1,250,000,000.00 |
UCO BANK (LEAD BANK) |
FLAGSHIP CORPORATE BRANCH, 3, NETAJI SUBHAS ROAD, |
B91163782 |
|
3 |
10458738 |
16/09/2013 |
600,000.00 |
PUNJAB NATIONAL BANK |
Bhiringi Branch, Bhiringi More, City Centre, Durg |
B88974829 |
|
4 |
10427256 |
04/05/2013 |
200,000,000.00 |
Corporation Bank |
Corporate Banking Branch, Mukherjee House, 1st Fl |
B75666149 |
|
5 |
10367197 |
16/07/2012 |
3,456,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A, NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M |
B44390656 |
|
6 |
10307775 |
15/09/2011 |
100,000,000.00 |
UCO BANK |
FLAGSHIP CORPORATE BRANCH, 2, INDIA EXCHANGE PLAC |
B21220405 |
|
7 |
10306319 |
17/08/2011 |
100,000,000.00 |
Punjab National Bank |
Bhiringee, Durgapur, West Bengal - 713213, INDIA |
B20543617 |
|
8 |
10303945 |
30/07/2011 |
350,000,000.00 |
DENA BANK |
3, PARK STREET, KOLKATA, West Bengal - 700016, IND |
B19510676 |
|
9 |
10159406 |
01/12/2011 * |
328,000,000.00 |
UCO BANK (LEAD BANK) |
FLAGSHIP CORPORATE BRANCH, 2, INDIA EXCHANGE PLAC |
B32681108 |
|
10 |
10159407 |
08/08/2013 * |
1,505,000,000.00 |
UCO BANK (LEAD BANK) |
FLAGSHIP CORPORATE BRANCH, 3, NETAJI SUBHAS ROAD, |
B81637134 |
* Date of charge modification
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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.92.45 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
5--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.