MIRA INFORM REPORT
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Report No. : |
354039 |
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Report Date : |
14.12.2015 |
IDENTIFICATION DETAILS
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Name : |
RAM RATNA ELECTRICALS LIMITED (w.e.f. 07.06.2012) |
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Formerly Known
As : |
RAM RATNA ELECTRICALS PRIVATE LIMITED (w.e.f. 05.09.2011) RR SWITCHGEAR PRIVATE LIMITED (w.e.f. 16.10.2007) KABRA APPLIANCES PRIVATE LIMITED |
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Registered
Office : |
305 A, Windsor Plaza R C Duttroad Baroda – 390007, Gujarat India |
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Mobile No.: |
91-8000985100 (Mr. ) |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
11.05.1989 |
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Com. Reg. No.: |
04-012222 |
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Capital
Investment / Paid-up Capital : |
Rs.37.200 Million |
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CIN No.: [Company Identification
No.] |
U29309GJ1989PLC012222 |
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IEC No.: |
Not Divulged |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trader and Importer of Switches, Lighting, Fans, Electrical Products
and Accessories. (Confirmed by management) |
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No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (27) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 110000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1989 and it is engaged in the
trading and importing of electronic products which includes switches, lights,
fans and other electronic accessories. The company possesses moderate operational performance and it has
incurred huge losses from its operational activities. Rating remain constrained on account of company’s moderate financial
profile marked by its weak net worth base along with huge borrowings and
leverage and moderate liquidity position. Rating weakness is partially offset by well-established track record
of company’s business operations and extensive industry experience of
promoters in trading business. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of operational losses, the company can be considered for
business dealing 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.
ECGC Country Risk Classification List – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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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
31-03-2015.
INFORMATION PARTED BY
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Name : |
Mr. Mukti Shah |
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Designation : |
Finance Manager |
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Contact No.: |
91-8000985100 |
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Date : |
08.12.2015 |
LOCATIONS
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Registered Office : |
305 A, Windsor Plaza R C Duttroad Baroda – 390007, Gujarat India |
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Tel. No.: |
91-265-2321891 / 2 / 3 |
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Mobile No.: |
91-8000985100 (Mr. Mukti Shah) |
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Fax No.: |
91-265-2321894 |
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E-Mail : |
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Website : |
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Corporate Office : |
Ram Ratna House, Oasis Complex, P.B. Marg, Worli, Mumbai – 400013,
Maharashtra, India |
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Tel. No.: |
91-22-24949009 / 24924144 |
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Fax No.: |
91-22-24912586 |
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E-Mail : |
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Head Office : |
Ram Ratna House, Oasisi Company, P B Marg, Worli, Mumbai – 400013,
Maharashtra |
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Depo : |
Located at:
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DIRECTORS
As on 31.03.2015
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Name : |
Mr. Sumeet Mahendrakumar Kabra |
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Designation : |
Director |
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Address : |
Flat No- 2008, Casa Grande, 20th Floor, Tower No-2, 249, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India |
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Date of Birth/Age : |
10.08.1982 |
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Date of Appointment : |
28.09.2013 |
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DIN No.: |
01751282 |
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Other Directorship:
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Name : |
Mr. Hemant Mahendrakumar Kabra |
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Designation : |
Director |
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Address : |
B/1908, Casa Grande, Senapati, Bapat Marg, Lower Parel, Mumbai - 400013, Maharashtra, India |
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Date of Birth/Age : |
07.04.1987 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
01812586 |
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Other Directorship:
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Name : |
Rajesh Shreegopal Kabra |
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Designation : |
Director |
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Address : |
901, Ishan Bldg, Plot No 547, Jamejamshed Road, Near. King Circle, Matunga (East), Mumbai - 400019, Maharashtra, India |
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Date of Birth/Age : |
28.05.1988 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
05300677 |
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Other Directorship:
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Name : |
Ms. Vvidhi Mahhesh Kabra |
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Designation : |
Director |
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Address : |
Uma Sadan, 178/Vinayak Society, Opposite Sndt College, Akota, Vadodara - 390020, Gujarat, India |
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Date of Birth/Age : |
05.09.1980 |
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Date of Appointment : |
28.09.2012 |
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DIN No.: |
05300810 |
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Other Directorship:
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KEY EXECUTIVES
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Name : |
Mr. Mukti Shah |
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Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
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Names of Shareholders |
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No. of Shares |
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Kabra Rameshwarlal |
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580 |
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Kabra Hemlatadevi |
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90 |
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Kabra Tribhuvan Prasad |
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110 |
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Kabra Firtidevi |
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12000 |
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Kabra Umadevi |
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10000 |
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Kabra Rameshwarlal HUF |
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7000 |
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Kabra Ratnidevi |
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6000 |
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Kabra Mahendra |
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6000 |
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Total |
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41780 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trader and Importer of Switches, Lighting, Fans, Electrical Products
and Accessories. (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 : |
Not Divulged |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Advance payment, L/C, Cheque and Credit (30 and 60 Days) |
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Purchasing : |
Advance payment, L/C, Cheque and Credit (30 and 60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Mahajan Doshi and Associates Chartered Accountants |
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Address : |
302, Professional Plaza, 17, Punit Old Padra Road, Vadodara – 390015,
Gujarat, India |
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Tel. No.: |
91-265-6635032 |
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Fax No.: |
91-265-2320858 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AANFM5055E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Group Concern Company : |
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CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Million |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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372000 |
Equity Shares |
Rs.100/- each |
Rs.37.200
Million |
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FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
37.200 |
4.178 |
4.178 |
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(b) Reserves & Surplus |
1.023 |
6.593 |
12.250 |
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(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
38.223 |
10.771 |
16.428 |
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(3) Non-Current Liabilities |
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(a) long-term borrowings |
74.655 |
37.766 |
15.090 |
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(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.036 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total
Non-current Liabilities (3) |
74.655 |
37.766 |
15.126 |
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(4) Current Liabilities |
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(a) Short term borrowings |
79.245 |
45.354 |
35.544 |
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(b) Trade payables |
87.760 |
57.379 |
32.075 |
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(c) Other current liabilities |
20.779 |
9.231 |
8.621 |
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(d) Short-term provisions |
5.270 |
2.418 |
1.064 |
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Total
Current Liabilities (4) |
193.054 |
114.382 |
77.304 |
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TOTAL |
305.932 |
162.919 |
108.858 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
14.238 |
6.092 |
1.090 |
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(ii) Intangible Assets |
2.187 |
0.000 |
0.000 |
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(iii) Capital work-in-progress |
3.028 |
0.000 |
0.000 |
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(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
2.500 |
2.500 |
2.500 |
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(c) Deferred tax assets (net) |
5.122 |
2.661 |
0.000 |
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(d) Long-term Loan and Advances |
14.377 |
6.750 |
0.306 |
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(e) Other Non-current assets |
1.000 |
1.000 |
9.000 |
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Total
Non-Current Assets |
42.452 |
19.003 |
12.896 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
98.214 |
72.213 |
19.845 |
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(c) Trade receivables |
152.008 |
64.195 |
71.009 |
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(d) Cash and cash equivalents |
1.973 |
1.679 |
1.713 |
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(e) Short-term loans and
advances |
5.413 |
2.586 |
1.560 |
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(f) Other current assets |
5.872 |
3.243 |
1.835 |
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Total
Current Assets |
263.480 |
143.916 |
95.962 |
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TOTAL |
305.932 |
162.919 |
108.858 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
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|
SALES |
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Revenue from operations |
458.263 |
251.562 |
203.957 |
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Other Income |
2.360 |
2.836 |
1.109 |
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TOTAL
(A) |
460.623 |
254.398 |
205.066 |
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Less |
EXPENSES |
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|
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Purchases of Stock-in-Trade |
378.775 |
250.713 |
200.222 |
|
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Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(30.523) |
(46.160) |
(15.589) |
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Employees benefits expense |
36.970 |
18.909 |
2.061 |
|
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Other expenses |
65.547 |
31.165 |
11.602 |
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TOTAL
(B) |
450.769 |
254.627 |
198.296 |
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Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
9.854 |
-0.229 |
6.770 |
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Less |
FINANCIAL
EXPENSES (D) |
16.499 |
7.649 |
2.128 |
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PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(6.645) |
(7.878) |
4.642 |
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Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.386 |
0.476 |
0.011 |
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|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(8.031) |
(8.354) |
4.631 |
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Less |
TAX (H) |
(2.462) |
(2.697) |
1.404 |
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|
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PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(5.569) |
(5.657) |
3.227 |
|
|
|
|
|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
6.593 |
12.250 |
9.023 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
1.024 |
6.593 |
12.250 |
|
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|
|
|
|
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|
Earnings
/ (Loss) Per Share (Rs.) |
(56.63) |
(135.40) |
77.23 |
Expected Sales (2015-2016) : Rs.700.000 Million (Due to more order)
The above information has been parted by Mr. Mukti Shah (Finance
Manager)
.
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
CURRENT
MATURITIES OF LONG TERM DEBT : |
|
|
|
|
HDFC Car Loan A/c
No. 24639734 |
0.289 |
0.261 |
0.000 |
|
Car Loan from HFDC Bank Amt.
Rs. 0.076 Million |
|
|
|
|
Terms of repayment 1 years and 3 Months |
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|
|
|
HDFC Car Loan
A/c No. 27222726 |
0.299 |
0.268 |
0.000 |
|
Car loan From HDFC Bank Amt. of Rs. 0.305 Million Term loan Repayment : 1 Years and 3 Months |
|
|
|
|
ICICI Car loan
A/c No. LAMUM00027050047 |
0.257 |
0.233 |
0.000 |
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Car loan From ICICI Bank Amt. of Rs. 0.090 Million Term loan Repayment : 1 Years and 4 Months |
|
|
|
|
HDFC Car Loan
A/c No. 30686954 |
0.226 |
0.000 |
0.000 |
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Car loan From HDFC Bank Amt. of Rs. 0.456 Million Term loan Repayment : 2 Years and 9 Months |
|
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|
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Total |
1.071 |
0.762 |
0.000 |
|
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|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(1.22) |
(2.25) |
1.58 |
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|
|
|
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Operating Profit Margin (PBIDT/Sales) |
(%) |
2.15 |
(0.09) |
3.32 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
(2.72) |
(5.30) |
4.35 |
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Return on Investment (ROI) (PBT/Networth) |
|
(0.21) |
(0.78) |
0.28 |
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Debt Equity Ratio (Total Debt /Networth) |
|
4.03 |
7.72 |
3.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.26 |
1.24 |
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 |
4.178 |
4.178 |
37.200 |
|
Reserves & Surplus |
12.250 |
6.593 |
1.023 |
|
Net worth |
16.428 |
10.771 |
38.223 |
|
|
|
|
|
|
long-term borrowings |
15.090 |
37.766 |
74.655 |
|
Short term borrowings |
35.544 |
45.354 |
79.245 |
|
Total
borrowings |
50.634 |
83.120 |
153.900 |
|
Debt/Equity
ratio |
3.082 |
7.717 |
4.026 |
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 |
203.957 |
251.562 |
458.263 |
|
|
|
23.341 |
82.167 |
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 |
203.957 |
251.562 |
458.263 |
|
Profit |
3.227 |
(5.657) |
(5.569) |
|
|
1.58% |
(2.25%) |
(1.22%) |
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 |
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 |
REVIEW OF
OPERATIONS:
The Directors wish to present the details of Business operations done
during the year.
Company has registered a sales growth of 82% during the current year and
achieved a turnover of Rs. 458.263 Million in the financial year 2014-2015 as
compared to Rs. 251.563 Million in financial year 2013-2014.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Deposit |
0.797 |
0.449 |
|
Loans and
Advance from related parties |
|
|
|
From Body Corporates |
10.532 |
11.000 |
|
From directors |
62.398 |
25.000 |
|
Total |
73.727 |
36.449 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10419392 |
10/09/2015 * |
150,000,000.00 |
State Bank of India |
MID CORPORATE GROUP, INDUSTRIAL FINANCE BRANCH, MARBLE ARCH, RACE
COURSE CIRCLE, VADODARA, Gujarat |
C65927980 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
|
Bills of Exchange discounting with Banks |
0.000 |
0.000 |
|
Guarantee given by Bank against FDR |
10.000 |
0.000 |
|
The claim against the company not
acknowledged as debt |
0.000 |
0.000 |
|
Letter of Credit |
|
|
|
Foreign L/C |
0.000 |
0.000 |
|
Inland L/C |
7.500 |
0.000 |
FIXED ASSETS
- Computer
- Furniture and Fixture
- Plant and Machinery
- Vehicle
- Office Equipment
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.66.78 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.73.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
|
27 |
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.