MIRA INFORM REPORT
|
Report No. : |
354635 |
|
Report Date : |
12.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
DELTA IRON AND STEEL COMPANY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit / Office No. 205, 2nd Floor, Windfall Building,
Andheri Kurla Road, J B Nagar, Andheri (East), Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-45023000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
07.02.1996 |
|
|
|
|
Com. Reg. No.: |
11-097025 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 14.310 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH1996PTC097025 |
|
|
|
|
IEC No.: |
0301002240 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD09960G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD8450A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Iron and Steel Products. (Confirmed by
management) |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1996 and it is engaged in trading
and importing of Hot Rolled Coils (HRCs) hot rolled sheets and plates. For the financial year ended 2014, company possesses above average
operational performance and it has reported growth of 30% in its net profit
during the year under review. Rating continue to reflect the company’s established market position
in the steel-trading business supported by wide product portfolio and
promoters extensive industry experience. The ratings also factor in efficient working capital management and
above-average financial risk profile because of healthy net worth and
moderate total outside abilities to tangible net worth ration and debt
protection metrics. Rating strengths is partially offset by exposure to volatility in
steel prices and intense competition in the steel-trading industry resulting
in low profitability. Trade relations are reported fair. Payment terms are reported to be
usually correct. In view of aforesaid, 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
07.12.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
07.12.2015 |
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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Tarun |
|
Designation : |
Chief Executive Oficer |
|
Contact No.: |
91-22-45023000 |
|
Date : |
10.12.2015 |
LOCATIONS
|
Registered Office/ Corporate Office
: |
Unit / Office No. 205, 2nd Floor, Windfall Building, Andheri
Kurla Road, J B Nagar, Andheri (East), Mumbai – 400059, Maharashtra, India |
|
Tel. No.: |
91-22-45023000/ 67194901/ 67194919/ 6714949/ 67194920 |
|
Fax No.: |
91-22-67194920/ 67194916 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
103, Steel Center, 66 F, Ahmedabad Street, Sant Tukaram Road, Masjid (East) Mumbai – 400009, Maharashtra, India |
|
Tel. No.: |
91-22-66314800/ 66153183/ 30297541 |
|
Fax No.: |
91-22-66332141 |
|
E-Mail : |
|
|
|
|
|
Regional Office 1 : |
Plot No. 295-300, Chandkhed Road, Village: Dhamane,Near Tata Motors Limited, Taluk: Maval, District Pune – 410508, Maharashtra, India |
|
Tel. No.: |
91-22-30297541 |
|
E-Mail : |
|
|
|
|
|
Regional Office 2 : |
33, Government Industrial Estate, Khadoli, Silvassa – 396230, Dadra and Nagar Haveli (U.T.), India |
|
Tel. No.: |
91-260-3252280 |
|
|
|
|
Regional Office 3 : |
205, 75, Link Road, Lajpat Nagar No. 3, Delhi – 110024, India |
|
Tel. No.: |
91-11-29836318 |
|
|
|
|
Warehouses : |
Located at: · Kalamboli, Navi Mumbai, Maharashtra, India · Taloja, Navi Mumbai, Maharashtra, India |
DIRECTORS
As on: 31.03.2015
|
Name : |
Mr. Dhanesh Jayantilal Mehta |
|
Designation : |
Director |
|
Address : |
301-A, Varsha Apartment, Navyug Society, JVPD Scheme Road No.5, North South, Vile Parle
(West), Mumbai - 400056, Maharashtra, India |
|
Date of Birth/Age : |
24.10.1960 |
|
Date of Appointment : |
24.12.1999 |
|
PAN No.: |
AACPM4140R |
|
DIN No.: |
01145296 |
|
|
|
|
Name : |
Mr. Akshay Rajinderpershad Jain |
|
Designation : |
Director |
|
Address : |
101, Venus Apartments, Cuffe Parade, Mumbai - 400005, Maharashtra,
India |
|
Date of Birth/Age : |
04.03.1960 |
|
Date of Appointment : |
07.02.1996 |
|
PAN No.: |
ADAPJ4436A |
|
DIN No.: |
01145191 |
KEY EXECUTIVES
|
Name : |
Mr. Tarun |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Akshay Rajinderpershad Jain |
|
84600 |
|
Dhanesh Jayantilal Mehta |
|
66600 |
|
Dhanesh Jayantilal Mehta HUF |
|
165350 |
|
Akshay Rajinderpershad Jain HUF |
|
233450 |
|
Rajshree Akshay Jain |
|
90000 |
|
Nixita Akshay Jain |
|
120975 |
|
Arzav Akshay Jain |
|
120975 |
|
Shruti Dhanesh Mehta |
|
39350 |
|
Shailee Dhanesh Mehta |
|
39350 |
|
Shivani Dhanesh Mehta |
|
39350 |
|
Dia Vision Marketing Private Limited, India |
|
117873 |
|
Terrainx Corporate Services Private Limited, India |
|
222629 |
|
Sarla Filaments Private Limited, India |
|
45249 |
|
Fairdeal Polytex Private Limited, India |
|
45249 |
|
|
|
|
|
Total |
|
1431000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
30.12 |
|
Directors or relatives of Directors |
69.88 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Iron and Steel Products. (Confirmed by
management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
· China · Ukraine · USA · Germany |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (60 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
H R Joshi and Company Chartered Accountants |
|
Address : |
Shop No 9, First Floor, Hi-Life Mall, P M Road, Santacruz (West), Mumbai - 400054, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEPJ9204H |
|
|
|
|
Memberships : |
--- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
·
Ark Industries Private Limited, India
[U27200MH2004PTC148690] ·
Khanna Delta Steel Private Limited, India
[U27100MH2003PTC141751] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,500,000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
|
|
1,431,000 |
Equity Shares |
Rs.10/- each
|
Rs. 14.310
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 |
14.310 |
10.500 |
10.500 |
|
(b) Reserves & Surplus |
329.672 |
214.466 |
184.293 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
40.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
343.982 |
264.966 |
194.793 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
3.421 |
16.817 |
5.787 |
|
(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) |
3.421 |
16.817 |
5.787 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
209.920 |
37.554 |
3.698 |
|
(b)
Trade payables |
621.650 |
576.330 |
438.908 |
|
(c)
Other current liabilities |
6.958 |
2.223 |
29.149 |
|
(d)
Short-term provisions |
15.561 |
9.069 |
12.592 |
|
Total
Current Liabilities (4) |
854.089 |
625.176 |
484.347 |
|
|
|
|
|
|
TOTAL |
1201.492 |
906.959 |
684.927 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
4.282 |
4.670 |
2.797 |
|
(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 |
29.204 |
29.676 |
29.342 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
21.418 |
9.513 |
15.177 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
54.904 |
43.859 |
47.316 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
373.738 |
278.280 |
241.982 |
|
(c)
Trade receivables |
640.723 |
415.017 |
242.412 |
|
(d)
Cash and cash equivalents |
67.207 |
47.005 |
62.525 |
|
(e)
Short-term loans and advances |
58.575 |
122.430 |
90.550 |
|
(f)
Other current assets |
6.345 |
0.368 |
0.142 |
|
Total
Current Assets |
1146.588 |
863.100 |
637.611 |
|
|
|
|
|
|
TOTAL |
1201.492 |
906.959 |
684.927 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
39.015 |
30.173 |
20.783 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
27.26 |
28.74 |
19.79 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
8960.000 |
|
|
|
|
|
The above information has been parted by Mr. Mr. Tarun (Chief Finance
Officer)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
88.904 |
36.173 |
32.283 |
|
Net cash flows from (used in) operating activities |
81.904 |
36.173 |
32.283 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.62 |
0.21 |
0.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.38 |
1.32 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
10.500 |
10.500 |
14.310 |
|
Reserves & Surplus |
184.293 |
214.466 |
329.672 |
|
Share Application money pending allotment |
0.000 |
40.000 |
0.000 |
|
Net
worth |
194.793 |
264.966 |
343.982 |
|
|
|
|
|
|
Long-term borrowings |
5.787 |
16.817 |
3.421 |
|
Short term borrowings |
3.698 |
37.554 |
209.920 |
|
Total
borrowings |
9.485 |
54.371 |
213.341 |
|
Debt/Equity ratio |
0.049 |
0.205 |
0.620 |
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) |
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 |
No |
|
26 |
Turnover of firm for last three years |
No |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG-TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
2.267 |
15.116 |
|
SHORT-TERM
BORROWINGS |
|
|
|
Loans repayable on demand from banks |
149.743 |
37.554 |
|
Other loans and advances |
60.177 |
0.000 |
|
|
|
|
|
Total |
212.187 |
52.670 |
CHANGE OF ADDRESS
The Registered Office of the company has been
shifted from “No. B, Office No. 201/211, Gokul Arcade Building, Subhash Road, Near Garwan
Chowk, Vile Parle (East), Mumbai-400057, Maharashtra, India to the present address.”
STATE OF THE AFFAIRS
OF THE COMPANY
The Company has made a Profit of Rs.39.015 Million for the financial year ended 31st March 2014 as against a net Profit of Rs.30.173 Million for the financial year ended 31st March 2013.
FIXED ASSETS
· Furniture and fixtures
· Other equipments
· Computer equipments
· Plant and equipment
· Vehicles
· Office equipment
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10604837 |
03/11/2015 |
350,000,000.00 |
SYNDICATE BANK |
ANDHERI EAST BRANCH, SANGAM CINEMA COMPOUND, 127 ANDHERI KURLA ROAD, J B NAGAR, MUMBAI - 400059, MAHARASHTRA , INDIA |
C71468227 |
|
2 |
10407937 |
19/01/2013 |
250,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA - 390015, GUJARAT, INDIA |
B69589919 |
|
3 |
10273838 |
02/02/2011 |
160,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, 23-25, M G ROAD, FORT, MUMBAI - 400001, MAHARASHTRA, INDIA |
B08216269 |
|
4 |
10059908 |
23/12/2013 * |
745,000,000.00 |
CANARA BANK |
TAMARIND LANE BRANCH,
CROSSLY HOUSE, BRITISH HOTE |
B94292513 |
* Date
of charge modification
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.66.79 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
INFORMATION DETAILS
|
Information Gathered
by : |
SPY |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
45 |
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.