MIRA INFORM REPORT
|
Report No. : |
338088 |
|
Report Date : |
22.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARUL RUBBERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B5, SIDCO Industrial Estate, Krishnagiri District, Hosur – 635126,
Tamilnadu |
|
Tel. No.: |
91-4344-276650 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
16.09.1978 |
|
|
|
|
Com. Reg. No.: |
18-005741 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U02519TZ1995PTC005741 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
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
: |
Subject is manufactures various types of pressed machined and
fabricated components for the Auto Industry. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 66000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Arul Rubber Private Limited was incorporated on September 16, 1978 it
is established company having moderate track record. As per registrar of companies the date of balance sheet (i.e.
financial field) is shown as 31.03.2014 but the documents related to the
financials are not been available from any sources. The rating remain constrain on company moderate scale of operations and
moderate financial risk profile. Further the ratings remain constrained by
the risk associated with volatility in the price of raw materials and foreign
exchange fluctuations risk. This rating is partially offset by the long track record of operations,
significant experience of the promoter in the rubber industry and diversified
cliental base of the company. However, trade relations are fair. Business is active. Payment terms
are reported to be slow but correct. In view of lack of latest financials the company can be considered for
business dealings with some cautions.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Yuraj |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-8220040044 |
|
Date : |
21.08.2015 |
LOCATIONS
|
Registered Office : |
B5, SIDCO Industrial Estate, Krishnagiri District, Hosur – 635126,
Tamilnadu, India |
|
Tel. No.: |
91-4344-276650 |
|
Mobile No.: |
91-8220040044 (Mr. Yuraj) |
|
Fax No.: |
91-4344-276701 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Vajravel Janaki |
|
Designation : |
Director |
|
Address : |
Ramakrishna School Campus, Near Railway Station, Hosur – 635109, Tamilnadu |
|
Date of Birth/Age : |
14.08.1963 |
|
Date of Appointment : |
05.09.1992 |
|
DIN No.: |
00706659 |
|
|
|
|
Name : |
Mr. Arul Muruga Shanmugam Vajravel |
|
Designation : |
Managing Director |
|
Address : |
Ramakrishna School Campus, Near Railway Station, Hosur – 635109, Tamilnadu |
|
Date of Birth/Age : |
04.02.1979 |
|
Date of Appointment : |
23.09.2005 |
|
DIN No.: |
00706694 |
|
|
|
|
Name : |
Mr. Arul Muruga Shanmugam Archanadevi |
|
Designation : |
Director |
|
Address : |
Ramakrishna School Campus, Near Railway Station, Hosur – 635109, Tamilnadu |
|
Date of Birth/Age : |
14.05.1984 |
|
Date of Appointment : |
10.12.2011 |
|
PAN No.: |
05157270 |
KEY EXECUTIVES
|
Name : |
Mr. Yuraj |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Vajravel Janaki |
964 |
3.86 |
|
Arulmurugashanmugam Vajravel |
14,189 |
56.76 |
|
Erai Arul |
1,846 |
7.38 |
|
Arul Muruga Shanmugam Archanadevi |
8,001 |
32.00 |
|
|
|
|
|
Total |
25,000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is manufactures various types of pressed machined and
fabricated components for the Auto Industry. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
·
Aditya Birla Nuvo Limited, Veraval,
Gujarat ·
Adithya Birla Chemicals, Karwar,
Karnataka ·
Andra Sugars Limited, Kovvur, Andra
Pradesh ·
BATEMAN Engineering (India) Private
Limited, Bangalore, Karnataka ·
Birla Cellulosic Limited,
Kosamba, Gujarat ·
BGR Energy Systems India
Limited, Chennai, Tamilnadu ·
Chemplast Sanmar Limited, Chennai,
Tamilnadu ·
Coromandel International Limited,
Vishakapatnam, Andra Pradesh ·
Century Rayons, Shahad ·
Chemfab Alkalies Limited,
Pondicherry ·
DCW Limited, Tamilnadu ·
Delkor Technik India Private
Limited., Bangalore, Karnataka ·
Essar Steels- Mumbai ·
FACT Engineering Works, Kochi,
Kerala ·
Godavari Fertilizers And Chemicals,
Kakkinada, Andra Pradesh ·
Grasim Industries Limited, Stable
Fibre Division, Nagda, Madhya Pradesh ·
Grasim Industries Limited, Graslene
Division, Harihar, Karnataka ·
Grasim Industries Limited,
Cellulosic Division, Villayat ·
Grasim Industries Limited, Chemical
Division, Nagda (M.P) ·
Green Star Fertilizers Limited,
(Formerly SPIC Limited), Tuticorin, Tamilnadu
|
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. Mani Chartered Accountant |
|
Address : |
32-1/762, Sharadhamma Building, Bangalore-Bye-pass Road, Hosur –
635109, Tamilnadu, India |
|
Tel No.: |
91-4344-242023/242426 |
|
Mobile No.: |
9443242023 |
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Email : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABAPM7632B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
Arul Polymers Private Limited, Hosur Arul Engineering Private Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25,000 |
Equity Shares |
Rs.100/- each |
Rs. 2.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
20.601 |
15.639 |
13.275 |
|
(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) |
23.101 |
18.139 |
15.775 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.188 |
3.649 |
8.530 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
1.188 |
3.649 |
8.530 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.896 |
3.611 |
9.363 |
|
(b) Trade payables |
15.725 |
12.228 |
6.342 |
|
(c) Other current liabilities |
4.104 |
30.160 |
1.686 |
|
(d) Short-term provisions |
0.312 |
0.794 |
0.195 |
|
Total
Current Liabilities (4) |
21.037 |
46.793 |
17.586 |
|
|
|
|
|
|
TOTAL |
45.326 |
68.581 |
41.891 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
16.273 |
16.153 |
16.890 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
1.020 |
0.918 |
0.698 |
|
(d) Long-term Loan and Advances |
3.958 |
1.953 |
1.261 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
21.251 |
19.024 |
18.849 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.050 |
0.000 |
0.000 |
|
(b) Inventories |
7.738 |
15.173 |
11.806 |
|
(c) Trade receivables |
13.731 |
31.571 |
8.857 |
|
(d) Cash and cash equivalents |
2.556 |
2.813 |
2.379 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
24.075 |
49.557 |
23.042 |
|
|
|
|
|
|
TOTAL |
45.326 |
68.581 |
41.891 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
|
TOTAL
INCOME |
116.993 |
71.739 |
38.477 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
109.805 |
68.204 |
36.631 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
7.188 |
3.535 |
0.846 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
7.188 |
3.535 |
0.846 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
287.52 |
141.10 |
33.84 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Total Income) |
(%) |
6.14 |
4.93 |
2.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
16.22 |
5.22 |
2.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.19 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.09 |
0.40 |
1.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.06 |
1.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
13.275 |
15.639 |
20.601 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
15.775 |
18.139 |
23.101 |
|
|
|
|
|
|
long-term borrowings |
8.530 |
3.649 |
1.188 |
|
Short term borrowings |
9.363 |
3.611 |
0.896 |
|
Total
borrowings |
17.893 |
7.260 |
2.084 |
|
Debt/Equity
ratio |
1.134 |
0.400 |
0.090 |
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) |
|
Total Income |
38.477 |
71.739 |
116.993 |
|
|
|
86.446 |
63.081 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
38.477 |
71.739 |
116.993 |
|
Profit |
0.846 |
3.535 |
7.188 |
|
|
2.20% |
4.93% |
6.14% |
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 |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
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 |
No |
|
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 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10300744 |
23/12/2014 * |
40,000,000.00 |
INDIAN BANK |
120/2, RVN Plaza, Denkanikotta
Road, Hosur, Tamil |
C47462130 |
|
2 |
90003410 |
18/05/1999 |
2,122,650.00 |
TAMIL NADU INDUSTRIAL INVESTMENT |
CORPORATION LIMITED; 473 ; ANNA SALAI, NANDANAM, |
- |
|
3 |
90002181 |
19/07/1985 |
1,960.00 |
TAMIL NADU INDUSTRIAL INVESTMENT CORPORATION
LIMIT |
ARUL MANAI, 27; WHITES ROAD, MADRAS, Tamil Nadu
- |
- |
|
4 |
90002147 |
18/07/1984 |
6,500,000.00 |
THE TAMIL SMALL
INDUSTRIES DEVELOPMENT CORPORATION |
5; GREAMS ROAD, MADRAS, Tamil Nadu - 600006, INDIA |
- |
|
5 |
90002116 |
18/08/1982 |
375,000.00 |
THE TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LI |
ARUL MANAI, 27; WHITES ROAD, MADRAS, Tamil Nadu - |
- |
|
6 |
90002112 |
19/04/1982 |
39,585.00 |
THE TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LI |
ARUL MANAI, 27; WHITES ROAD, MADRAS, Tamil Nadu - |
- |
|
7 |
90002096 |
22/12/1980 |
280,000.00 |
THE TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LT |
ARUL MANAI, 27; WHITES ROAD, MADRAS, Tamil Nadu - |
- |
|
8 |
90002094 |
04/09/1980 |
54,810.00 |
THE TAMILNADU INDUSTRIAL INVESTMENT CORPORATION LI |
ARUL MANAI, 27; WHITES ROAD, MADRAS, Tamil Nadu - |
- |
*Date of charge modification
FIXED ASSETS
- Assets
- Buildings
- Vehicle
- Plant and
Machinery
- Furniture and
Fixture
- Office
Equipment
- Fax Machine
- Computer
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.65.83 |
|
|
1 |
Rs.103.39 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
ART |
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.