MIRA INFORM REPORT
|
Report No. : |
319248 |
|
Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
DACSS GRANITES
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.21, 1st Floor, Swaraj Building, above Laxmivilas Bank, MES
Road, Muthyala Nagar, Bangalore – 560054, Karnataka |
|
Tel No : |
91-816-2211488 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.02.2005 |
|
|
|
|
Com. Reg. No.: |
08-035631 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 35.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05190KA2005PTC035631 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRD04689G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD3486G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is an engaged in the preparing, mining, cutting, polishing, processing,
treating, exporting, importing, buying, selling or otherwise dealing in all
types of granites, lime stones marbles, sand stone, tiles and other building
materials and color stones. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 600000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Management has reported large working capital intensive operations along
with a significant decline in its net profitability during FY2014. However, trade relations seems to be fair. Business is active. Payment
terms are reported as slow but correct. In view of experience promoters, the company can be considered for business
dealings with caution. |
NOTES :
Any query related to this report can be made
on e-mail : 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term rating = B+ |
|
Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
|
Date |
26.02.2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term rating = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
26.02.2014 |
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
|
Name : |
Mrs. Sarita |
|
Designation : |
Office Executive |
|
Contact No.: |
91-80-23452263 |
|
Date : |
27.04.2015 |
LOCATIONS
|
Registered Office : |
No.21, 1st Floor, Swaraj Building, above Laxmivilas Bank, MES
Road, Muthyala Nagar, Bangalore – 560054, Karnataka |
|
Tel. No.: |
91-80-23452263 |
|
Mobile No.: |
91-80-23452263 (Mrs. Sarita) |
|
Fax No.: |
91-80-23454905 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 25, KIADB Industrial Area, Antharasana Halli, Tumkur Dist. –
572106,Karnataka, India |
|
Tel. No.: |
91-816-2211488 |
|
Fax No.: |
91-816-2211696 |
DIRECTORS
As on: 29.09.2014
|
Name : |
Darala Aswani Kumar Reddy |
|
Designation : |
Director |
|
Address : |
No. 24, Akai Public School Road, Nagashetty Halli, RMV Extension,
Sanjay Nagar, Bangalore – 560094, Karnataka, India |
|
Date of Birth/Age : |
10.06.1972 |
|
Date of Appointment : |
17.02.2005 |
|
DIN No.: |
02049500 |
|
|
|
|
Name : |
Srilakshmi Darla |
|
Designation : |
Director |
|
Address : |
# 24, Akai Public School Road, Nagashetty Halli, RMV Extension, Sanjay
Nagar, Bangalore – 560094, Karnataka, India |
|
Date of Birth/Age : |
31.07.1970 |
|
Date of Appointment : |
17.02.2005 |
|
DIN No.: |
02554758 |
|
|
|
|
Name : |
Venkata Chalapathi Kuppu Swamy Darla |
|
Designation : |
Director |
|
Address : |
No. 201, 2nd Floor, Paritosh Apartment, 2nd
Main, 2nd Cross, P and T Colony, Sanajynagar, Bangalore – 560094,
Karnataka, India |
|
Date of Birth/Age : |
21.09.1946 |
|
Date of Appointment : |
17.02.2005 |
|
DIN No.: |
02650238 |
|
|
|
|
Name : |
Swarajyalakshmi Chelikam |
|
Designation : |
Director |
|
Address : |
No. 201, 2nd Floor, Paritosh Apartment, 2nd
Main, 2nd Cross, P and T Colony, Sanajynagar, Bangalore – 560094,
Karnataka, India |
|
Date of Birth/Age : |
25.09.1947 |
|
Date of Appointment : |
17.02.2005 |
|
DIN No.: |
02650266 |
|
|
|
|
Name : |
Shalini Reddy Darla |
|
Designation : |
Director |
|
Address : |
No. 20, 1st Floor, 2nd Main, 2nd
Cross, Amarjyothi Layout, Sanajynagar, Bangalore – 560094, Karnataka, India |
|
Date of Birth/Age : |
12.05.1980 |
|
Date of Appointment : |
01.04.2009 |
|
DIN No.: |
03.11.2011 |
|
|
|
|
Name : |
Bhairav Singh Rawat |
|
Designation : |
Director |
|
Address : |
#F No. TB 8, ITTNA Properties private, 5th Main, RM Nagar,
Bangalore – 560016, Karnataka, India |
|
Date of Birth/Age : |
25.06.1965 |
|
Date of Appointment : |
03.11.2011 |
|
DIN No.: |
05110096 |
KEY EXECUTIVES
|
Name : |
Dinesh Shivaram Shastri |
|
Designation : |
Secretary |
|
Address : |
No. 143 ‘ Vinyasa’ Panduranganagar, Opp. HSBC Banerghatta Road,
Bangalore – 560076, Karnataka, India |
|
Date of Birth/Age : |
08.09.1959 |
|
Date of Appointment : |
01.01.2009 |
|
PAN No.: |
ABIPS3692P |
|
Date of Appointment : |
01.01.2009 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2014
|
Names of Shareholders |
No. of Shares |
%age |
|
Aswani Kumar Reddy |
1055999 |
30.17 |
|
Srilakshmi Darla |
261750 |
7.48 |
|
Venkata Chalapathi Kuppu Swamy Darla |
523500 |
14.96 |
|
Swarajyalakshmi Chelikam |
699000 |
19.97 |
|
Shalini Reddy Darl |
261750 |
7.48 |
|
Tejkumar Reddy |
698000 |
19.94 |
|
Rahul Reddy Darla |
1 |
0.00 |
|
Total |
3500000 |
100.00 |
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 : |
Subject is an engaged in the preparing, mining, cutting, polishing, processing,
treating, exporting, importing, buying, selling or otherwise dealing in all
types of granites, lime stones marbles, sand stone, tiles and other building
materials and color stones. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
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|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
Not Available |
GENERAL INFORMATION
|
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)
|
|
Financial Institution: |
L & T Finance Limited, L & T House Ballard Estate, Mumbai –
400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
ABS and Compny Chartered Accountant |
|
Address : |
No. 80/1, Ground Floor, 11th Main, Malleswaram, Bangalore –
560003, Karnataka, India |
|
PAN No.: |
AAEFA8356R |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
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|
|
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Related parties: |
|
CAPITAL STRUCTURE
After: 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000
Million |
|
|
|
|
|
As on: 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000
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 |
35.000 |
35.000 |
35.000 |
|
(b) Reserves & Surplus |
175.797 |
175.073 |
167.614 |
|
(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) |
210.797 |
210.073 |
202.614 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
184.300 |
119.941 |
77.381 |
|
(b) Deferred tax liabilities (Net) |
1.509 |
1.490 |
0.752 |
|
(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) |
185.809 |
121.431 |
78.133 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
169.566 |
149.906 |
157.465 |
|
(b) Trade
payables |
35.186 |
31.199 |
24.594 |
|
(c) Other
current liabilities |
25.921 |
26.860 |
27.895 |
|
(d) Short-term
provisions |
11.546 |
10.466 |
7.749 |
|
Total Current
Liabilities (4) |
242.219 |
218.431 |
217.703 |
|
|
|
|
|
|
TOTAL |
638.825 |
549.935 |
498.450 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
227.020 |
208.387 |
89.923 |
|
(ii)
Intangible Assets |
0.602 |
1.003 |
1.644 |
|
(iii)
Capital work-in-progress |
10.846 |
8.889 |
112.532 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
18.086 |
18.736 |
|
Total Non-Current
Assets |
238.468 |
236.365 |
222.835 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
11.634 |
12.133 |
10.543 |
|
(b)
Inventories |
108.630 |
75.360 |
65.456 |
|
(c) Trade
receivables |
117.024 |
123.807 |
100.669 |
|
(d) Cash
and cash equivalents |
10.214 |
4.630 |
12.667 |
|
(e)
Short-term loans and advances |
117.330 |
97.640 |
86.280 |
|
(f) Other
current assets |
35.525 |
0.000 |
0.000 |
|
Total
Current Assets |
400.357 |
313.570 |
275.615 |
|
|
|
|
|
|
TOTAL |
638.825 |
549.935 |
498.450 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.724 |
7.966 |
5.707 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
Sale of Granites |
378.451 |
338.973 |
348.294 |
|
|
TOTAL
EARNINGS |
378.451 |
338.973 |
348.294 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Capital Goods |
7.765 |
2.402 |
2.273 |
|
|
TOTAL
IMPORTS |
7.765 |
2.402 |
2.273 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.21 |
2.28 |
1.63 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.68 |
1.28 |
1.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65 |
1.44 |
1.27 |
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 |
35.000 |
35.000 |
35.000 |
|
Reserves & Surplus |
167.614 |
175.073 |
175.797 |
|
Net
worth |
202.614 |
210.073 |
210.797 |
|
|
|
|
|
|
long-term borrowings |
77.381 |
119.941 |
184.300 |
|
Short term borrowings |
157.465 |
149.906 |
169.566 |
|
Total
borrowings |
234.846 |
269.847 |
353.866 |
|
Debt/Equity
ratio |
1.159 |
1.285 |
1.679 |
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 |
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan With Kotak Mahindra Bank limited |
0.991 |
3.612 |
|
Loan with Religare Finevest limited |
2.951 |
4.000 |
|
Loan from Directors |
33.641 |
6.258 |
|
Inter Corporate Deposits |
20.500 |
--- |
|
|
|
|
|
Total |
58.083 |
13.870 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10531443 |
07/10/2014 |
7,769,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI, Maharashtra |
C33696261 |
|
2 |
10401277 |
01/02/2013 |
1,185,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI, Maharashtra |
B67331207 |
|
3 |
10401227 |
31/01/2013 |
630,000.00 |
L & T FINANCE LIMITED |
L&T HOUSE,, BALLARD ESTATE,, MUMBAI, Maharashtra |
B67332015 |
|
4 |
10089550 |
28/02/2008 * |
11,900,000.00 |
BANK OF INDIA |
BANGALORE MAIN BRANCH, BANGALORE, Karnataka - 5600 |
A37863446 |
|
5 |
10038874 |
31/07/2013 * |
543,100,000.00 |
Bank of India |
MAIN BRANCH, BANK OF INDIA BUILDING, NO.11, KEMPE |
B85253565 |
|
6 |
10056390 |
14/02/2007 |
20,000,000.00 |
BANK OF INDIA |
BANGALORE MAIN BRANCH, BANGALORE, Karnataka - 5600 |
A11547551 |
* Date of charge modification
FIXED ASSETS
- Land
- Factory
Building
- Plant and
machinery
- Motor Vehicle
- Furniture and
Fixture
- Mobile Phone
- Office
Equipment
- Computers and
Accessories
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 records 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.63.20 |
|
|
1 |
Rs.97.00 |
|
Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DDD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
31 |
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
unfavorable 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.