MIRA INFORM REPORT
|
Report No. : |
354228 |
|
Report Date : |
09.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRAKASH INDUSTRIAL INFRASTRUCTURE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Kaitan Bhavan, 34, Suryodaya Chs Limited, Ambernath-421501, Maharashtra |
|
Tel. No.: |
91-251-2606805 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
19.04.2006 |
|
|
|
|
Com. Reg. No.: |
11-161240 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH2006PTC161240 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEP10388A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP8884D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged into Industrial Civil Construction. (Confirmed by
Management) |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
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 : |
Clear |
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|
|
Comments : |
Erstwhile subject
was set up in 1975 as a partnership firm in the name of Prakash Construction.
It was converted into a private limited company in 2006 with the present name
due to increase in scale of operations. The rating takes
into consideration company’s satisfactory financial profile marked by
improved capital structure, reserves position, cash and its equivalents along
with comfortable debt protection metrics. The rating is
further supported by the long track record and experience of the promoters in
the construction sector. However, rating is
constrained on company’s stretched liquidity position as evidenced by
consistently high fund based limit utilization levels coupled with delays in
servicing of debt obligation primarily driven by receivables built up. Company has seen
marginal decline in the operating income in FY15 on account of reduction in
order inflow and current slowdown in the construction sector. Trade relations
seem to be fair. Business is active. Payment terms are reported as slow but
correct. In view of long
established track record, the company can be considered for business dealings
at 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 |
CARE |
|
Rating |
Fund Based and Non-Fund Based=D |
|
Rating Explanation |
Lowest Credit Facility and very low prospect
of Recovery |
|
Date |
November, 2015 |
Reason for Suspended: Absence of requisites
information
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. Amit Todkari |
|
Designation : |
Accounts/ Taxation Head |
|
Contact No.: |
91-251-2606805 |
|
Date : |
09.12.2015 |
LOCATIONS
|
Registered Office : |
Kaitan Bhavan, 34, Suryodaya Chs Limited, Ambernath-421501,
Maharashtra, India |
|
Tel. No.: |
91-251-2606805 |
|
Mobile No.: |
91-9819665756 (Mr. Todkari) |
|
Fax No.: |
91- 251-2603939 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2500 Sq. Ft |
|
Location : |
Owned |
|
Locality : |
Residential |
|
|
|
|
Site Office : |
2545, Peepul, Belouverad Road, Near Pepsi Company, Satyavedu Mandal,
Shricity, Chittoor-517588, Andhra Pradesh, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Dinesh Agarwal Natwarlal |
|
Designation : |
Director |
|
Address : |
Khaitan Bhavan, 34, Suryodaya CHS. Limited., Ambernath
(East), Thane- 421501, Maharashtra, India |
|
Date of Birth/Age : |
11.08.1959 |
|
Date of Appointment : |
19.04.2006 |
|
PAN No.: |
AAYPA2599J |
|
DIN No.: |
00519248 |
|
|
|
|
Name : |
Mr. Amit Dinesh Agarwal |
|
Designation : |
Director |
|
Address : |
Khaitan Bhavan, 34, Suryodaya CHS. Limited., Ambernath
(East), Thane- 421501, Maharashtra, India |
|
Date of Birth/Age : |
19.09.1982 |
|
Date of Appointment : |
01.08.2007 |
|
DIN No.: |
00519472 |
|
|
|
|
Name : |
Mr. Anup Dinesh Agarwal |
|
Designation : |
Director |
|
Address : |
Khaitan Bhavan, 34, Suryodaya CHS. Limited., Ambernath
(East), Thane- 421501, Maharashtra, India |
|
Date of Birth/Age : |
02.01.1986 |
|
Date of Appointment : |
19.04.2006 |
|
PAN No.: |
AIAPA0203F |
|
DIN No.: |
00519573 |
KEY EXECUTIVES
|
Name : |
Mr. Amit Todkari |
|
Designation : |
Accounts/ Taxation Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Dinesh Agarwal Natwarlal |
270000 |
|
Anup Dinesh Agarwal |
30000 |
|
Total |
300000 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into Industrial Civil Construction. (Confirmed by
Management) |
|
|
|
|
Brand Names : |
-- |
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Agencies Held : |
-- |
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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 : |
-- |
|
Countries : |
-- |
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|
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|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
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|
|
|
Purchasing : |
Cash, Cheque and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Manufacturer
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No. of Employees : |
200 (Approximately) |
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Bankers : |
·
Dombivli Nagari Sahakari Bank Limited Sunflower, Shivaji Chowk,
Ambernath Branch, Ambernath - 421501, Maharashtra, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
-- |
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Banking
Relations : |
-- |
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|
|
|
Financial Institutions : |
·
Reliance Home Finance
Limited 570, Rectifier House, 3rd
Floor, Naigaum Cross Road, Wadala, Mumbai - 400031, Maharashtra, India · Dewan Housing Finance Corporation Limited Warden
House 2nd Floor Sir P M Road, Fort, Mumbai-400001, |
|
|
|
|
Auditors : |
|
|
Name : |
Mehta Singhvi and Associates Chartered Accountants |
|
Address : |
410, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel,
Mumbai-400013, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFM9322Q |
|
|
|
|
Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
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Subsidiaries Companies : |
· Ramnivas Infrastructure and Industries Private Limited - (Textile) · NRA Synthetic Private Limited – Textile ·
Mardh Viks Electrades Private Limited -
Textile |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 20.000 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 |
20.000 |
20.000 |
20.000 |
|
(b) Reserves & Surplus |
174.048 |
161.368 |
141.834 |
|
(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) |
194.048 |
181.368 |
161.834 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
211.955 |
30.299 |
11.776 |
|
(b) Deferred tax liabilities (Net) |
4.283 |
3.876 |
3.790 |
|
(c)
Other long term liabilities |
24.562 |
23.613 |
6.550 |
|
(d)
long-term provisions |
1.641 |
1.300 |
1.450 |
|
Total
Non-current Liabilities (3) |
242.441 |
59.088 |
23.566 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
119.684 |
207.880 |
205.751 |
|
(b)
Trade payables |
5.885 |
6.065 |
51.029 |
|
(c)
Other current liabilities |
14.564 |
72.614 |
80.672 |
|
(d)
Short-term provisions |
9.695 |
13.572 |
12.661 |
|
Total
Current Liabilities (4) |
149.828 |
300.131 |
350.113 |
|
|
|
|
|
|
TOTAL |
586.317 |
540.587 |
535.513 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
112.953 |
94.113 |
83.915 |
|
(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 |
35.554 |
35.314 |
224.032 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
71.624 |
129.780 |
151.820 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
12.788 |
|
Total
Non-Current Assets |
220.131 |
259.207 |
472.555 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
14.557 |
18.802 |
32.615 |
|
(c)
Trade receivables |
16.124 |
25.561 |
3.428 |
|
(d)
Cash and cash equivalents |
52.621 |
3.906 |
3.279 |
|
(e)
Short-term loans and advances |
276.798 |
226.522 |
11.525 |
|
(f)
Other current assets |
6.086 |
6.589 |
12.111 |
|
Total
Current Assets |
366.186 |
281.380 |
62.958 |
|
|
|
|
|
|
TOTAL |
586.317 |
540.587 |
535.513 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
230.682 |
305.545 |
438.130 |
|
|
|
Other Income |
36.229 |
8.337 |
10.229 |
|
|
|
TOTAL (A) |
266.911 |
313.882 |
448.359 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Trading Purchases |
0.000 |
0.000 |
3.528 |
|
|
|
Construction Cost |
175.513 |
217.437 |
335.223 |
|
|
|
Employees benefits expense |
10.049 |
10.026 |
10.807 |
|
|
|
Other expenses |
13.516 |
12.638 |
20.398 |
|
|
|
TOTAL (B) |
199.078 |
240.101 |
369.956 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
67.833 |
73.781 |
78.403 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
42.033 |
35.661 |
34.534 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25.800 |
38.120 |
43.869 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.157 |
5.193 |
5.083 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
20.643 |
32.927 |
38.786 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.963 |
13.394 |
12.612 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
12.680 |
19.533 |
26.174 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.34 |
10.07 |
13.09 |
|
Expected Sales (2015-2016): Rs. 500.000 Million
The above information has been parted by Mr. Amit Todkari (Accounts/
Taxation Head)
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 Flow from used in Operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.50 |
6.39 |
5.97 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
29.41 |
24.15 |
17.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.75 |
6.52 |
12.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.18 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.71 |
1.31 |
1.34 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.44 |
0.94 |
0.18 |
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 |
20.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
141.834 |
161.368 |
174.048 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
161.834 |
181.368 |
194.048 |
|
|
|
|
|
|
Long-term borrowings |
11.776 |
30.299 |
211.955 |
|
Short term borrowings |
205.751 |
207.880 |
119.684 |
|
Total
borrowings |
217.527 |
238.179 |
331.639 |
|
Debt/Equity
ratio |
1.344 |
1.313 |
1.709 |
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 |
438.130 |
305.545 |
230.682 |
|
|
|
(30.262) |
(24.501) |
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 |
438.130 |
305.545 |
230.682 |
|
Profit |
26.174 |
19.533 |
12.680 |
|
|
5.97% |
6.39% |
5.50% |
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 |
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) |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10588103 |
30/03/2015 |
10,606,520.00 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
WARDEN HOUSE 2ND FLOORSIR
P M ROAD, FORT, MUMBAI- 400001, |
C62618327 |
|
2 |
10588812 |
30/03/2015 |
75,779,840.00 |
DEWAN HOUSING FINANCE CORPORATION LIMITED |
WARDEN HOUSE 2ND
FLOORSIR P M ROAD, FORT, MUMBAI- 400001, |
C62929690 |
|
3 |
10463604 |
11/11/2013 |
50,000,000.00 |
RELIANCE HOME FINANCE LIMITED |
570, RECTIFIER
HOUSE, 3RD FLOOR, NAIGAUM CROSS RO |
B90880105 |
|
4 |
10160966 |
19/03/2015 * |
210,000,000.00 |
STATE BANK OF INDIA |
AMBERNATH BRANCH,
NEAR RAILWAY STATION,, AMBERNAT |
C51876282 |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Equipments
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. 66.80 |
|
|
1 |
Rs. 100.49 |
|
Euro |
1 |
Rs. 72.52 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
42 |
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.