MIRA INFORM REPORT
|
Report No. : |
351287 |
|
Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
KHETAN TILES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-59, Road No. 5, V.K.I. Area, Jaipur – 302013, Rajasthan |
|
Tel. No.: |
91-141-2330065/5113596 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
16.06.1989 |
|
|
|
|
Com. Reg. No.: |
17-005007 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 8.458 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14101RJ1989PTC005007 |
|
|
|
|
IEC No.: |
1398011827 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK0431H |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importers of tiles and marbles and natural
stones. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1989. It
has satisfactory track. The rating takes into consideration sound financial risk profile of the
company marked by adequate revenue base and comfortable debt level in the
year 2015. Further, the company has reported marginal increase in its revenue
base, where as reported decline in the net profit in the year under
consideration and has reported thin profit margin in FY15. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of long track record of business operations, the company can
be considered for business dealings with usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
Long Term Rating = BB- |
|
Rating Explanation |
Inadequate credit quality and high credit risk |
|
Date |
October 29, 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Mukesh Khetan |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9784598024 |
|
Date : |
25.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
C-59, Road No. 5, V.K.I. Area, Jaipur – 302013, Rajasthan, India |
|
Tel. No.: |
91-141-2330065/5113596 |
|
Mobile No.: |
91-9784598024 (Mr. Mukesh) |
|
Fax No.: |
91-141-2332945 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
6000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch : |
Makrana Road, Madanganj, Kishangarh, Ajmer – 305801, Rajasthan, India |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Kamal Kishore Khetan |
|
Designation : |
Director |
|
Address : |
1-B-19, Nahari Ka Nakha, P and T Colony, Shastri Nagar, Jaipur – 302016,
Rajasthan, India. |
|
Date of Birth/Age : |
01.07.1962 |
|
Date of Appointment : |
28.09.1990 |
|
DIN No.: |
00348649 |
|
|
|
|
Name : |
Mr. Dinesh Khetan |
|
Designation : |
Director |
|
Address : |
1-B-19, Nahari Ka Nakha, P and T Colony, Shastri Nagar, Jaipur –
302016, Rajasthan, India. |
|
Date of Birth/Age : |
02.09.1969 |
|
Date of Appointment : |
31.03.2014 |
|
DIN No.: |
00348844 |
KEY EXECUTIVES
|
Name : |
Mr. Mukesh Khetan |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jagadish Prasad Khetan |
|
6645 |
|
Mali Ram Khetan |
|
2120 |
|
Kamal Kishore Khetan |
|
8170 |
|
Kaushlaya Devi Khetan |
|
760 |
|
Mool Chand Khetan |
|
6310 |
|
Banwari Lal Khetan |
|
6760 |
|
Ram Chander Khetan |
|
3340 |
|
Dinesh Khetan |
|
8020 |
|
Panna Devi Khetan |
|
190 |
|
Bajarang Lal Khetan |
|
5160 |
|
Malkha Devi Khetan |
|
880 |
|
Asha Devi Khetan |
|
150 |
|
Manorma Devi Khetan |
|
4790 |
|
Basanti Devi Khetan |
|
4740 |
|
Anil Khetan |
|
1500 |
|
Arvind Khetan |
|
5500 |
|
Sunil Khetan |
|
1500 |
|
Nitesh Khetan |
|
1500 |
|
Chanda Khetan |
|
5700 |
|
Rekha Khetan |
|
1680 |
|
Mukesh Khetan |
|
8415 |
|
Julie Khetan |
|
750 |
|
|
|
|
|
Total |
|
84580 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importers of tiles and marbles and natural
stones. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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|||||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Godika Dinesh and Company Chartered Accountant |
|
Address : |
F-4, 223, Bichoon Complex, Kishanpole Bazar, Jaipur – 302001, Rajasthan,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AEIPG2515E |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Mukesh Natural Stones Private Limited |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85000 |
Equity Shares |
Rs.100/- each |
Rs. 8.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
84580 |
Equity Shares |
Rs.100/- each |
Rs. 8.458
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
8.458 |
8.458 |
8.458 |
|
(b) Reserves & Surplus |
77.428 |
76.639 |
72.260 |
|
(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) |
85.886 |
85.097 |
80.718 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.279 |
4.961 |
20.844 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
2.577 |
2.547 |
4.582 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
6.856 |
7.508 |
25.426 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
55.827 |
59.367 |
53.360 |
|
(b) Trade
payables |
31.645 |
42.355 |
27.699 |
|
(c) Other
current liabilities |
11.203 |
12.724 |
22.229 |
|
(d) Short-term
provisions |
3.976 |
3.314 |
0.660 |
|
Total Current
Liabilities (4) |
102.651 |
117.760 |
103.948 |
|
|
|
|
|
|
TOTAL |
195.393 |
210.365 |
210.092 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
52.215 |
56.845 |
59.689 |
|
(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 |
14.731 |
9.356 |
8.610 |
|
(c) Deferred tax assets (net) |
0.000 |
0.816 |
0.565 |
|
(d) Long-term Loan and Advances |
0.639 |
20.832 |
0.616 |
|
(e) Other
Non-current assets |
4.272 |
1.942 |
7.149 |
|
Total Non-Current
Assets |
71.857 |
89.791 |
76.629 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
69.245 |
68.214 |
52.650 |
|
(c) Trade
receivables |
22.226 |
18.537 |
18.715 |
|
(d) Cash
and cash equivalents |
0.449 |
9.508 |
1.053 |
|
(e) Short-term
loans and advances |
31.615 |
24.271 |
60.750 |
|
(f) Other
current assets |
0.001 |
0.044 |
0.295 |
|
Total
Current Assets |
123.536 |
120.574 |
133.463 |
|
|
|
|
|
|
TOTAL |
195.393 |
210.365 |
210.092 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
177.315 |
168.828 |
176.633 |
|
|
Other Income |
3.928 |
4.125 |
NA |
|
|
TOTAL |
181.243 |
172.953 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
103.732 |
101.458 |
|
|
|
Purchases of Stock-in-Trade |
38.178 |
24.457 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(10.774) |
(3.906) |
|
|
|
Employees benefits expense |
3.664 |
2.944 |
Including |
|
|
Other expenses |
28.065 |
28.205 |
Financials |
|
|
Prior Period Items |
0.000 |
(0.070) |
And |
|
|
TOTAL |
162.865 |
153.088 |
Depreciation |
|
|
|
|
|
Expense |
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
18.378 |
19.865 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
8.266 |
9.878 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
10.112 |
9.987 |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.970 |
4.461 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
3.142 |
5.526 |
|
|
|
|
|
|
|
|
Less |
TAX |
2.304 |
1.096 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.838 |
4.430 |
4.751 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.00 |
52.00 |
NA |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
175.000 |
|
|
|
|
|
Expected Sales (2015-16): Rs. 180.000 Million
The above information has been parted by Mr. Mukesh Khetan
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.47 |
2.62 |
2.69 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.36 |
11.77 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.74 |
2.76 |
87.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.06 |
2.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.70 |
0.76 |
0.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.20 |
1.02 |
1.28 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
8.458 |
8.458 |
8.458 |
|
Reserves & Surplus |
72.260 |
76.639 |
77.428 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
80.718 |
85.097 |
85.886 |
|
|
|
|
|
|
long-term borrowings |
20.844 |
4.961 |
4.279 |
|
Short term borrowings |
53.360 |
59.367 |
55.827 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
74.204 |
64.328 |
60.106 |
|
Debt/Equity
ratio |
0.919 |
0.756 |
0.700 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
176.633 |
168.828 |
177.315 |
|
|
|
(4.419) |
5.027 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
176.633 |
168.828 |
177.315 |
|
Profit |
4.751 |
4.430 |
0.838 |
|
|
2.69% |
2.62% |
0.47% |
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 |
Yes |
|
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
LONG TERM
BORROWING |
|
|
|
Others |
0.000 |
0.101 |
|
|
|
|
|
Total |
0.000 |
0.101 |
|
z |
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10396115 |
19/12/2012 |
5,250,000.00 |
State Bank of Bikaner and Jaipur |
VKI Area Branch,
Road No.5, Jaipur, Rajasthan - 3 |
B65567216 |
|
2 |
10315493 |
11/10/2011 |
2,600,000.00 |
State Bank of Bikaner and Jaipur |
VKI Area Branch,
Road No.5, Jaipur, Rajasthan - 3 |
B24462798 |
|
3 |
10212966 |
30/03/2010 |
41,300,000.00 |
State Bank of Bikaner and Jaipur |
V K I Area Branch, Road
No.5, Jaipur, Rajasthan - |
A83476283 |
|
4 |
90075329 |
13/03/2014 * |
65,000,000.00 |
State Bank of Bikaner and Jaipur |
VKI Area Branch,
Road No.5, Jaipur, Rajasthan - 3 |
C00847335 |
* Date of charge modification
FIXED ASSETS
- Land
- Plant and
Machinery
- Equipments
- Furniture and
Fixture
- Vehicles
- Wind Power
Plant
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 66.81 |
|
UK Pound |
1 |
Rs. 100.37 |
|
Euro |
1 |
Rs. 70.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.