MIRA INFORM REPORT
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Report No. : |
352735 |
|
Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAJHANS METALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Gala No 3,
Shiley Industrial Estate, Udyog Nagar, Goregaon (West), Mumbai - 400062,
Maharashtra |
|
Tel. No.: |
91-22-28751713 |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
10.04.1987 |
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Com. Reg. No.: |
11-043138 |
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Capital
Investment / Paid-up Capital : |
Rs. 27.000 million |
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|
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CIN No.: [Company Identification
No.] |
U28910MH1987PTC043138 |
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IEC No.: |
2409011080 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR01969C |
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PAN No.: [Permanent Account No.] |
AAACR5424Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Exporter of Brass and Copper Alloy Extruded Rods and
Extruded Sections. (Confirmed by
management) |
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|
|
|
No. of Employees
: |
300 (Approximately) |
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 |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track. Management has reported consecutive losses due to which the reserves
of the company have been heavily deteriorated during the year 2014. Rating is constrained on account of company’s existence in the highly
competitive industry and stretched liquidity profile. Trade relations are fair. Business is active. Payment terms are
reported as slow. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
[Long Term Bank Facilities] “B” |
|
Rating Explanation |
Risk prone credit quality and carries very high credit risk. |
|
Date |
05.12.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
A4 [Short Term Bank Facilities] |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
05.12.2014 |
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. Bharat Kundaya |
|
Designation : |
Accounts Chief Manager |
|
Contact No.: |
91-288-2560111 |
|
Date : |
28.11.2015 |
LOCATIONS
|
Registered Office : |
Gala No 3, Shiley Industrial Estate, Udyog Nagar, Goregaon (West),
Mumbai 400062, Maharashtra, India |
|
Tel. No.: |
91-22-28751713/ 28752280 |
|
Fax No.: |
91-22-28743477 |
|
E-Mail : |
sales@rajhans.com (Domestic Sales) exports@rajhans.com
(International Sales) imports@rajhans.com
(Imports/Raw material) info@rajhans.com (Other/General) |
|
Website : |
|
|
Area : |
750 Sq. Ft. |
|
Location : |
Leased |
|
|
|
|
Factory : |
21-3, G.I.D.C., Shanker Tekri, Udyognagar, Jamnagar – 361004, Gujarat,
India |
|
Tel. No.: |
91-288-2560111 |
|
Fax No.: |
91-288-2560114 |
|
Area : |
38000 Sq. Ft. |
|
Location : |
Leased |
DIRECTORS
As on: 29.09.2014
|
Name : |
Mrs. Jasmin Jayendra Dodhia |
|
Designation : |
Director |
|
Address : |
“Jasmin”, Opposite Jolly Bungalow, Summair Club Road, Jamnagar-361005,
Gujarat |
|
Date of Birth/Age : |
06.05.1972 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.04.1994 |
|
PAN No.: |
AFHPS5523C |
|
DIN No.: |
00158746 |
|
|
|
|
Name : |
Mr. Kailashchandra Laxminarayan Mandawewala |
|
Designation : |
Director |
|
Address : |
Flat No.402, Ashutosh Appartment, Nirban Road, Opposite Guruduttatreya
Temple, Jamnagar-361008, Gujarat, India |
|
Date of Birth/Age : |
04.08.1943 |
|
Qualification : |
M. Com |
|
Date of Appointment : |
01.10.1998 |
|
PAN No.: |
AAAPM8385N |
|
DIN No.: |
00660684 |
|
|
|
|
Name : |
Mr. Mohanlal Nemchand Savla |
|
Designation : |
Director |
|
Address : |
B 16, Hindmata Cutpiece Merchants Coop Housing Society , Ambedkar
Road, Tata Mill Compound, Dadar (East), Mumbai-400014, Maharashtra, India |
|
Date of Birth/Age : |
31.01.1939 |
|
Qualification : |
SSC |
|
Date of Appointment : |
01.10.1998 |
|
PAN No.: |
AAOPS5379Q |
|
DIN No.: |
00158758 |
|
|
|
|
Name : |
Mr. Milan Chandulal Dodhia |
|
Designation : |
Director |
|
Address : |
Milan, Opposite Jolly Bungalow, Summair Club Road, Jamnagar – 361005,
India |
|
Date of Birth/Age : |
12.08.1961 |
|
Qualification : |
BBA |
|
Date of Appointment : |
03.04.2007 |
|
PAN No.: |
AAXPD4459M |
|
DIN No.: |
00158730 |
|
|
|
|
Name : |
Mr. Sonilkumar Ramniklal Shah |
|
Designation : |
Director |
|
Address : |
Sonil, Summair Club Road, Jamnagar – 361005, Gujarat, India |
|
Date of Birth/Age : |
09.12.1968 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
01.10.2012 |
|
PAN No.: |
ABOPS5301D |
|
DIN No.: |
00182987 |
KEY EXECUTIVES
|
Name : |
Mr. Bharat Kundaya |
|
Designation : |
Accounts Chief Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
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 : |
Manufacturing and Exporter of Brass and Copper Alloy Extruded Rods and
Extruded Sections. (Confirmed
by management) |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cheque and Credit (30/60 Days) |
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Purchasing : |
Cheque and Credit (30/60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
300 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Pragada Rajnikant Vallabhbhai Chartered Accountants |
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Address : |
102, Riddhi Siddhi Opposite, Axis Bank Park Colony, Main Road, Jamnagar 361008, Gujarat, India |
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PAN No: |
ANTPP0162A |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates: |
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Other Parties: |
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CAPITAL STRUCTURE
As on 29.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000 |
Equity Shares |
Rs.100/- each |
Rs. 30.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
270,000 |
Equity Shares |
Rs.100/- each |
Rs. 27.000 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 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
27.000 |
27.000 |
5.400 |
|
(b) Reserves & Surplus |
146.528 |
182.049 |
244.156 |
|
(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) |
173.528 |
209.049 |
249.556 |
|
|
|
|
|
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(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
57.648 |
78.637 |
191.712 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
5.203 |
|
(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) |
57.648 |
78.637 |
196.915 |
|
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
412.407 |
408.103 |
339.195 |
|
(b) Trade
payables |
36.865 |
20.546 |
45.673 |
|
(c) Other
current liabilities |
13.040 |
14.629 |
15.000 |
|
(d) Short-term
provisions |
4.443 |
2.876 |
3.118 |
|
Total Current
Liabilities (4) |
466.755 |
446.154 |
402.986 |
|
|
|
|
|
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TOTAL |
697.931 |
733.840 |
849.457 |
|
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|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
66.011 |
76.065 |
73.435 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
1.604 |
1.604 |
0.356 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.001 |
0.001 |
0.001 |
|
(c) Deferred tax assets (net) |
32.937 |
14.853 |
0.000 |
|
(d) Long-term Loan and Advances |
21.813 |
21.809 |
16.550 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
122.366 |
114.332 |
90.342 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
187.090 |
233.731 |
238.459 |
|
(c) Trade
receivables |
275.189 |
275.217 |
304.260 |
|
(d) Cash
and cash equivalents |
14.579 |
18.952 |
11.338 |
|
(e)
Short-term loans and advances |
98.707 |
91.608 |
205.058 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
575.565 |
619.508 |
759.115 |
|
|
|
|
|
|
TOTAL |
697.931 |
733.840 |
849.457 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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TURNOVER |
1822.429 |
1999.219 |
2410.791 |
|
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|
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|
Less |
EXPENSES |
|
|
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|
TOTAL |
NA |
NA |
NA |
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|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
26.675 |
|
|
|
|
|
|
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|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
15.639 |
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|
PROFIT / (LOSS)
BEFORE TAX |
NA |
NA |
11.036 |
|
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|
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|
Less |
TAX |
NA |
NA |
(2.180) |
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|
PROFIT / (LOSS)
AFTER TAX |
(35.514) |
(40.499) |
13.216 |
|
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|
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|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividend |
NA |
NA |
0.540 |
|
|
|
Tax on Dividend |
NA |
NA |
0.088 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
12.588 |
|
|
|
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|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
NA |
476.553 |
|
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|
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|
|
Earnings /
(Loss) Per Share (Rs.) |
(131.53) |
(150.00) |
244.74 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
1700.000 |
|
|
|
|
|
Expected Sales (2015-16): Rs. 3000.000 Million
The above information has been parted by Mr. Bharat Kundaya (Account
Chief Manager.
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash flows from (used in) operations |
69.992 |
106.308 |
25.540 |
|
Net cash flows from (used in) operating activities |
67.937 |
106.529 |
25.611 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
1.30 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
10.50 |
9.56 |
0.04 |
|
|
|
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|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
2.71 |
2.33 |
2.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.23 |
1.39 |
1.88 |
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 |
5.400 |
27.000 |
27.000 |
|
Reserves & Surplus |
244.156 |
182.049 |
146.528 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
249.556 |
209.049 |
173.528 |
|
|
|
|
|
|
long-term borrowings |
191.712 |
78.637 |
57.648 |
|
Short term borrowings |
339.195 |
408.103 |
412.407 |
|
Total borrowings |
530.907 |
486.740 |
470.055 |
|
Debt/Equity ratio |
2.127 |
2.328 |
2.709 |
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) |
|
Turnover |
2410.791 |
1999.219 |
1822.429 |
|
|
|
(17.072) |
(8.843) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover |
2410.791 |
1999.219 |
1822.429 |
|
Profit (Loss) |
13.216 |
(40.499) |
(35.514) |
|
|
0.55% |
(2.03%) |
(1.95%) |
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 |
Yes |
|
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 |
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 |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION
DETAILS:
|
CASE
DETAILS BENCH: BOMBAY LODGING NO.:
CUAPPL/22/2013
FILING DATE: 29.07.2013 REG. NO.:
CUAPP/44/2013
REG. DATE:
04.10.2013
|
OPERATIONS:
Though the total income was lower compared to previous year, steep increase in manufacturing cost including raw-materials and higher provision for Depreciation affected the profitability of the Company. The total turnover for the year was Rs. 1822.429 Million as against Rs. 1999.219 Million last year.
FUTURE PROSPECTS:
The Indian economy is effected due to slow down in U.S.A. and Europe. The industrial production in general is showing down ward trend during the financial year 2013-2014. Considering the huge demand and vast economy of our country, the revival of economy is imminent.
The Company has consolidated its position in both in domestic and overseas markets and the Company has become a preferred destination for brass extrusion products.
FINANCE:
The Company has fulfilled all its commitments to its bankers towards financial facilities availed. The Company is facing paucity of need based working capital and all out efforts are made to raise requisite finance from its bankers as well as from Directors and shareholders.
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term Borrowings |
|
|
|
Loans and advances from related parties |
54.095 |
67.520 |
|
|
|
|
|
Total |
54.095 |
67.520 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90243806 |
28/02/2005 |
3,600,000.00 |
STATE BANK OF SAURASHTRA |
DIGVIJAY PLOT
BRANCH, JAMNAGAR, GUJARAT, INDIA |
- |
|
2 |
90223247 |
10/05/2001 * |
3,200,000.00 |
STATE BANK OF SAURASHTRA |
DIGVIJAY PLOT
BRANCH, JAMNAGAR, GUJARAT, INDIA |
- |
|
3 |
90226739 |
16/10/2002 * |
2,000,000.00 |
STATE BANK OF SAURASHTRA |
DIGVIJAY PLOT,
JAMNAGAR, GUJARAT, INDIA |
- |
|
4 |
90222924 |
10/05/2001 * |
2,400,000.00 |
STATE BANK OF SAURASHTRA |
DIGVIJAY PLOT,
JAMNAGAR, GUJARAT, INDIA |
- |
|
5 |
90226610 |
06/07/2010 * |
258,200,000.00 |
STATE BANK OF INDIA |
DIGVIJAY PLOT
POLICE GATE, DIGVIJAY PLOT, JAMNAGAR - 361005, GUJARAT, INDIA |
B00109280 |
|
6 |
90225621 |
27/01/2009 * |
70,000,000.00 |
STATE BANK OFINDIA |
DIGVIJAY PLOT
POLICE GATE, DIGVIJAY PLOT, JAMNAGAR - 361005, GUJARAT, INDIA |
A56912785 |
|
7 |
90221502 |
23/07/2015 * |
388,200,000.00 |
State Bank of India |
DIGVIJAY PLOT
POLICE GATE, DIGVIJAY PLOT, JAMNAGAR - 361005, GUJARAT, INDIA |
C62119771 |
* Date of charge modification
FIXED ASSETS:
- Land
- Buildings
- Office Building
- Factory Building
- Plant and Equipment
- Factory Equipments
- Furniture and Fixtures
- Vehicles
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.66.81 |
|
|
1 |
Rs.100.37 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
3 |
|
--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 |
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 |
|
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 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.