MIRA INFORM REPORT
|
Report No. : |
337406 |
|
Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
NARAYANI STEELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
23 A, N. S. Road, 7th Floor, Room No. 31, Kolkata – 700001,
West Bengal |
|
Tel. No.: |
91-891-6643654 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.11.1996 |
|
|
|
|
Com. Reg. No.: |
21.082021 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.73.090 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB1996PTC082021 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealer of all kinds of Steel and Iron products. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 1996
having a moderate track record. The rating reflects company moderate financial risk profile marked by low
profit margin and huge borrowing recorded by the company. 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 caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Cash Credit (BB-) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
June 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Bank Guarantee (A4+) |
|
Rating Explanation |
Minimal degree of safety carry very high
credit risk |
|
Date |
June 2015 |
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
31-03-2013.
INFORMATION DECLINED
Management non co-operative (Tel No.: 91-891-6643654)
LOCATIONS
|
Registered Office : |
23 A, N. S. Road, 7th Floor, Room No. 31, Kolkata – 700001,
West Bengal, India |
|
Tel. No.: |
91-891-6643654 |
|
Fax No.: |
91-891-6643653 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Sunil Kumar Choudhary |
|
Designation : |
Managing Director |
|
Address : |
Flat No.301, Door No.9-29-20/7, Roshan Towers, Balaji Nagar, Visakhapatnam, 530003, Andhra Pradesh, India |
|
Date of Birth/Age : |
19.10.1969 |
|
Date of Appointment : |
13.11.1996 |
|
DIN No.: |
00289479 |
|
|
|
|
Name : |
Mr. Kishan Lal Choudhary |
|
Designation : |
Director |
|
Address : |
Flat No.301, Door No.9-29-20/7, Roshan Towers, Balaji Nagar, Visakhapatnam, 530003, Andhra Pradesh, India |
|
Date of Birth/Age : |
29.07.1939 |
|
Date of Appointment : |
13.11.1996 |
|
DIN No.: |
00289428 |
|
|
|
|
Name : |
Mr. Bivor Bagaria |
|
Designation : |
Director |
|
Address : |
10/1/1, Madhav Ghosh Road Salkia,, Howrah, 711106, West Bengal, India |
|
Date of Appointment : |
30.09.2014 |
|
DIN No.: |
06765822 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sunil Choudhary Occ : Buisiness |
|
122450 |
|
Kishan Lal Choudhary Occ : Business |
|
100350 |
|
Bina Choudhary Occ : House wife |
|
5600 |
|
Savitri Devi Choudhary Occ: House wife |
|
4000 |
|
Sunil Choudhary (HUF) |
|
126100 |
|
Kishan Lal Choudhary (HUF) |
|
6600 |
|
Cooltex Merchandise Private Limited, India |
|
216300 |
|
Sree Rama Krishan Alloys Limited, India |
|
25000 |
|
Sunrise Tradelinks Private Limited, India |
|
9000 |
|
Principle Nirman Private Limited, India |
|
17500 |
|
Anant Holding Private Limited, India |
|
1000 |
|
Akansha Commercials Private Limited, India |
|
3000 |
|
Narmada Traxim Private Limited, India |
|
1000 |
|
Ultra Marketing Private Limited, India |
|
1500 |
|
Paxton Commodities Private Limited, India |
|
2500 |
|
Tropex Suppliers Private Limited, India |
|
2500 |
|
Gallant Dealers Private Limited, India |
|
4000 |
|
Tatpar Dealers Private Limited, India |
|
500 |
|
Longview Finvest Private Limited, India |
|
3000 |
|
M/S Aristo Trade and Credit Private Limited, India |
|
2000 |
|
Depmala Vyapar Private Limited, India |
|
3000 |
|
Walden Barter Private Limited, India |
|
4000 |
|
Emerald Properties Private Limited, India |
|
12000 |
|
V.B. Consultants Private Limited, India |
|
4000 |
|
Antony Plastics Private Limited, India |
|
4000 |
|
Rishilkesh Commercial Co Private Limited, India |
|
4000 |
|
Wizard Merchandise Private Limited, India |
|
8000 |
|
Sadhana Trade and Credit Private Limited, India |
|
4000 |
|
Telstar Marketing Private Limited, India |
|
3600 |
|
Trimudra Credit Limited, India |
|
12400 |
|
Index Tie-Up Private Limited, India |
|
4000 |
|
Gallant Dealers Private Limited, India |
|
8000 |
|
Agolani Commercial Private Limited, India |
|
6000 |
|
Total |
|
730900 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
50.05 |
|
Directors or relatives of Directors |
49.95 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer of all kinds of Steel and Iron products. |
|
|
|
|
Products : |
Not Divulged |
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|
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Brand Names : |
Not Divulged |
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|
Agencies Held : |
Not Divulged |
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|
|
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Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
S.Jaykishan Chartered Accountants |
|
Address : |
Suite# 2D, 2E, and 2F,12, HO-CHI-Minh Sarani |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AASFS4445F |
|
|
|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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|
|
|
Associates : |
U51909WB2009PTC133079
U51504WB1971PTC080792 |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are
partners with Key management personnel and their relatives : |
U27109WB1996PTC080314
|
|
|
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900000 |
Equity Shares |
Rs.100/- each |
Rs.90.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
730900 |
Equity Shares |
Rs.100/- each |
Rs.73.090
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 |
73.090 |
73.090 |
63.510 |
|
(b) Reserves & Surplus |
158.330 |
143.730 |
119.099 |
|
(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) |
231.420 |
216.820 |
182.609 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
161.000 |
99.233 |
107.193 |
|
(b) Deferred tax liabilities
(Net) |
2.139 |
0.729 |
-0.485 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
1.680 |
1.637 |
0.000 |
|
Total
Non-current Liabilities (3) |
164.819 |
101.599 |
106.708 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
684.974 |
796.633 |
468.252 |
|
(b) Trade payables |
652.675 |
267.584 |
310.097 |
|
(c) Other current liabilities |
72.718 |
16.704 |
10.915 |
|
(d) Short-term provisions |
5.657 |
4.526 |
5.935 |
|
Total
Current Liabilities (4) |
1416.024 |
1085.447 |
795.199 |
|
|
|
|
|
|
TOTAL |
1812.263 |
1403.866 |
1084.516 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
103.925 |
98.288 |
81.344 |
|
(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 |
8.234 |
8.234 |
8.234 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.273 |
10.069 |
5.311 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
115.432 |
116.591 |
94.889 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
438.782 |
460.570 |
290.444 |
|
(c) Trade receivables |
910.162 |
584.230 |
578.407 |
|
(d) Cash and cash equivalents |
192.580 |
186.498 |
88.731 |
|
(e) Short-term loans and
advances |
155.307 |
55.977 |
32.045 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1696.831 |
1287.275 |
989.627 |
|
|
|
|
|
|
TOTAL |
1812.263 |
1403.866 |
1084.516 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
5802.487 |
4759.539 |
3789.316 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Exceptional items |
0.000 |
3.519 |
0.000 |
|
|
Other expenses |
5775.162 |
4734.231 |
3767.634 |
|
|
TOTAL
|
5775.162 |
4737.750 |
3767.634 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
27.325 |
21.789 |
21.682 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
5.670 |
4.150 |
3.066 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
21.655 |
17.639 |
18.616 |
|
|
|
|
|
|
|
Less |
TAX |
7.055 |
5.727 |
6.052 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
14.600 |
11.912 |
12.564 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
19.98 |
18.74 |
-- |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.354 |
0.660 |
0.620 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
166.745 |
(145.674) |
(98.729) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.25 |
0.25 |
0.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.20 |
1.26 |
1.73 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09 |
0.08 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.66 |
4.13 |
3.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.19 |
1.24 |
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 |
63.510 |
73.090 |
73.090 |
|
Reserves & Surplus |
119.099 |
143.730 |
158.330 |
|
Net
worth |
182.609 |
216.820 |
231.420 |
|
|
|
|
|
|
long-term borrowings |
107.193 |
99.233 |
161.000 |
|
Short term borrowings |
468.252 |
796.633 |
684.974 |
|
Current Maturities Of
Long-Term Debts |
0.620 |
0.660 |
0.354 |
|
Total
borrowings |
576.065 |
896.526 |
846.328 |
|
Debt/Equity
ratio |
3.155 |
4.135 |
3.657 |
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 |
3789.316 |
4759.539 |
5802.487 |
|
|
|
25.604 |
21.913 |
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 |
3789.316 |
4759.539 |
5802.487 |
|
Profit |
12.564 |
11.912 |
14.600 |
|
|
0.33% |
0.25% |
0.25% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 29A, Banstalla Street, Jorabagan, Kokata – 700007, West Bengal, India to the present address w.e.f. 09.02.2008
REVIEW OF OPERATIONS:
During the year under report, the Company has earned an Income of Rs. 5802.487 Million as compared to Rs. 4759.539 Million during the previous year and incurred an expenditure amounted to Rs. 5775.162 Million as against Rs. 4734.231 Million during the previous year. The Depreciation and provision for taxes with exceptional items provided during the year were Rs. 5.670 Million, Rs. Nil/- and Rs. 7.055 Million respectively as compared to depreciation and provision for taxes with exceptional items 4.150 Million Rs. 3.519 Million and Rs. 5.727 Million during the same period in the previous year. As a result, the Company has posted a Net Profit of Rs. 14.600 Million during the year as compared to previous year Profit of Rs. 11.912 Million During this financial year, the income as well profits were increased due to the efforts of the Key Managerial Personnel and controlling the overheads wherever possible. Still, the Board has taken the required steps for effective operations and also for increasing the business of the company.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Borrowing from government semi-government bodies |
161.000 |
99.000 |
|
|
|
|
|
Total |
161.000 |
99.000 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10480241 |
17/01/2014 |
320,000,000.00 |
INDIAN OVERSEAS BANK |
Jagadamba Centre Branch, Door No.28-1-1/2, Dabagardens, VISAKHAPATNAM,
Andhra Pradesh - 530020, IND |
B97448898 |
|
2 |
10423959 |
25/03/2013 |
100,000,000.00 |
ANDHRA BANK |
Steel Plant Township Branch, Ukkunagaram, Visakhapatnam, Andhra Pradesh
- 530032, INDIA |
B74505181 |
|
3 |
80027479 |
31/03/2010 * |
400,000,000.00 |
Union Bank of India |
Main Branch, 1st Floor, Silver Willow, Dabagardens, Visakhapatnam,
Andhra Pradesh - 530020, INDIA |
A82615824 |
|
4 |
80027478 |
28/03/2014 * |
1,200,000,000.00 |
UNION BANK OF INDIA |
1ST FLOOR, SILVER WILLOW, DABAGARDENS, VISAKHAPAT |
C05936836 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Plantations
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.65.23 |
|
|
1 |
Rs.102.20 |
|
Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.