MIRA INFORM REPORT
|
Report No. : |
306432 |
|
Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MALHOTRA RUBBERS LIMITED |
|
|
|
|
Formerly Known
As : |
MALHOTRA RUBBERS PRIVATE LIMITED |
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Registered
Office : |
70/50A, 1st Floor, Rama Road, Industrial Area, Najafgargh Road, New
Delhi – 110015 |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
15.07.1978 |
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Com. Reg. No.: |
55-009127 |
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Capital
Investment / Paid-up Capital : |
Rs.22.100 Millions |
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|
CIN No.: [Company Identification
No.] |
U74899DL1978PLC009127 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM00365B/ DELM08866E |
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PAN No.: [Permanent Account No.] |
AAACM0923H |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The company is engaged in the business of manufacturing of tyres and retreading materials. |
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No. of Employees
: |
Information declined by the management. |
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 |
|
Maximum Credit Limit : |
USD 561000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to
financials are not available from any sources. As per available financial of 2013, general financial position of the
company seems to be sound and healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
CRSIL |
|
Rating |
Long term rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
26.05.2014 |
|
Rating Agency Name |
CRSIL |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
26.05.2014 |
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Ms. Veeni |
|
Designation : |
Receptionist |
|
Contact No.: |
91-11-49994999 |
|
Date : |
04.02.2015 |
LOCATIONS
|
Registered Office/ Export/ Administrative Office : |
70/50A, 1st Floor, Rama Road, Industrial Area, Najafgargh Road, New
Delhi – 110015, India |
|
Tel. No.: |
91-11-49994999 / 25117555 |
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Fax No.: |
91-11-49994997 / 98 |
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E-Mail : |
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Website : |
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Factory 1 : |
D-4, Sector 11, District Gautam Budh Nagar, Noida, Uttar Pradesh,
India |
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Factory 2 : |
A1/2, Plot # 10, 11 And 12, UPSIDC Site B, Surajpur Industrial Area,
Greater Noida, District Gautam Budh Nagar – 201308, Uttar Pradesh India |
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|
|
|
Corporate Office : |
50A, Road No.70, Rama Road, Industrial Area, Moti Nagar, New Delhi –
110015, India |
|
Tel. No.: |
91-11-49994999 |
|
Fax No.: |
91-11-49994997 / 98 |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Gopal |
|
Designation : |
Managing Director |
|
Address : |
B-20, Kirti Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
11.01.1955 |
|
Date of Appointment : |
01.12.2011 |
|
Voter ID No.: |
DL/06/065/168034 |
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DIN No.: |
00515546 |
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|
Name : |
Mr. Monit Malhotra |
|
Designation : |
Whole Time Director |
|
Address : |
B-20, Kirti Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
20.11.1981 |
|
Date of Appointment : |
01.12.2011 |
|
Voter ID No.: |
MJD0916270 |
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DIN No.: |
00494427 |
|
|
|
|
Name : |
Mr. Raghav Malhotra |
|
Designation : |
Whole Time Director |
|
Address : |
B-20, Kirti Nagar, New Delhi – 110015, India |
|
Date of Birth/Age : |
08.03.1989 |
|
Date of Appointment : |
01.12.2011 |
|
DIN No.: |
01617602 |
|
Voter ID No.: |
SJM0712018 |
KEY EXECUTIVE
|
Name : |
Ms. Veeni |
|
Designation : |
Receptionist |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Gopal Krishna Malhotra |
|
946210 |
|
Geeta Malhotra |
|
455371 |
|
Monit Malhotra |
|
209310 |
|
Raghav Malhotra |
|
209290 |
|
Kohli Samridhi |
|
44443 |
|
Gopal Kumar Malhotra (HUF) |
|
132555 |
|
Monit Malhotra and Sons HUF |
|
25307 |
|
Cee Aar Finance And Leasing Private Limited, India |
|
115000 |
|
Empower Industries India Limited, India |
|
35000 |
|
Prabhav Industries Limited, India |
|
17500 |
|
ACIL Cotton Industries Limited, India |
|
20000 |
|
Total |
|
2209986 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2013
|
Category |
|
Percentage |
|
Bodies corporate |
|
8.48 |
|
Directors or relatives of directors |
|
91.52 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing of tyres and retreading materials. |
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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 : |
Not Divulged |
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Terms : |
Not Divulged |
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PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
Bank of Baroda, International Business Branch, Parliament Street, New Delhi - 110001, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Surendra Subhash and Company Chartered Accountants |
|
Address : |
2nd Floor Bansi House, 1/24 Asafali Road, New Delhi – 110002, India |
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PAN No.: |
AARFS2442P |
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|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
Celestial Mercantile Private Limited U74899DL1993PTC056286 |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
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|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,209,986 |
Equity Shares |
Rs.10/- each |
Rs.22.100
Millions |
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|
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
22.100 |
22.100 |
22.100 |
|
(b) Reserves &
Surplus |
174.232 |
154.324 |
137.661 |
|
(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) |
196.332 |
176.424 |
159.761 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
88.189 |
63.622 |
56.796 |
|
(b) Deferred tax
liabilities (Net) |
16.611 |
12.096 |
10.009 |
|
(c) Other long term
liabilities |
20.000 |
19.000 |
21.700 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
124.800 |
94.718 |
88.505 |
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
171.307 |
152.634 |
118.107 |
|
(b) Trade payables |
138.193 |
156.525 |
131.113 |
|
(c) Other current
liabilities |
38.656 |
50.763 |
50.234 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
348.156 |
359.922 |
299.454 |
|
|
|
|
|
|
TOTAL |
669.288 |
631.064 |
547.720 |
|
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|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
322.749 |
248.088 |
221.806 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
3.041 |
57.299 |
30.109 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
325.790 |
305.387 |
251.915 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
182.691 |
191.678 |
166.344 |
|
(c) Trade receivables |
94.371 |
75.675 |
69.303 |
|
(d) Cash and cash
equivalents |
22.010 |
34.833 |
27.324 |
|
(e) Short-term loans and
advances |
44.426 |
23.491 |
32.834 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
343.498 |
325.677 |
295.805 |
|
|
|
|
|
|
TOTAL |
669.288 |
631.064 |
547.720 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
1263.174 |
1211.228 |
877.743 |
|
|
Other Income |
11.023 |
5.936 |
29.242 |
|
|
TOTAL (A) |
1274.197 |
1217.164 |
906.985 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
923.045 |
932.421 |
680.698 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(6.191) |
(2.128) |
(25.881) |
|
|
Employees benefits
expense |
80.799 |
64.189 |
56.901 |
|
|
Other expenses |
200.089 |
167.337 |
149.623 |
|
|
TOTAL (B) |
1197.742 |
1161.819 |
861.341 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
76.455 |
55.345 |
45.644 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
24.928 |
15.434 |
10.605 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
51.527 |
39.911 |
35.039 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
20.801 |
15.225 |
13.618 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
30.726 |
24.686 |
21.421 |
|
|
|
|
|
|
|
Less |
TAX (H) |
10.713 |
7.919 |
7.856 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
20.013 |
16.767 |
13.565 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
84.301 |
67.534 |
53.969 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
104.314 |
84.301 |
67.534 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
665.192 |
647.966 |
391.417 |
|
|
TOTAL EARNINGS |
665.192 |
647.966 |
391.417 |
|
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|
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|
IMPORTS |
|
|
|
|
|
Raw Materials |
386.390 |
330.422 |
316.185 |
|
|
Capital Goods |
2.940 |
1.157 |
0.000 |
|
|
TOTAL IMPORTS |
389.330 |
331.579 |
316.185 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
9.06 |
7.59 |
6.14 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin |
(%) |
1.58 |
1.38 |
1.55 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
6.05 |
4.57 |
5.20 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.61 |
4.30 |
4.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.14 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.32 |
1.23 |
1.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.99 |
0.90 |
0.99 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
22.100 |
22.100 |
22.100 |
|
Reserves & Surplus |
137.661 |
154.324 |
174.232 |
|
Net worth |
159.761 |
176.424 |
196.332 |
|
|
|
|
|
|
long-term borrowings |
56.796 |
63.622 |
88.189 |
|
Short term borrowings |
118.107 |
152.634 |
171.307 |
|
Total borrowings |
174.903 |
216.256 |
259.496 |
|
Debt/Equity ratio |
1.095 |
1.226 |
1.322 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
877.743 |
1211.228 |
1263.174 |
|
|
|
37.993 |
4.289 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
877.743 |
1211.228 |
1263.174 |
|
Profit |
13.565 |
16.767 |
20.013 |
|
|
1.55% |
1.38% |
1.58% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
52.280 |
21.955 |
|
Short-term
borrowings |
|
|
|
Working capital loans from banks |
54.519 |
13.778 |
|
|
|
|
|
Total |
106.799 |
35.733 |
PERFORMANCE AND
OPERATIONAL REVIEW
The Company achieved gross revenue of Rs. 1274.197 Millions was at an all-time high against Rs. 1217.164 Millions in the previous year includes export benefits and etc, recording a growth of 4.68 %. The company made a Profit before tax for the year was Rs. 30.726 Millions and Profit after tax was Rs. 20.013 Millions. The year was full of challenges and achievements.
FUTURE PLANNING AND
OUTLOOK
The company is looking continuity in demand of its products in the current financial year in line with that of previous year, the fear of slow down in International Market. The raw material prices have softening in the current financial year as compared to previous year. If the softening in raw material prices continues, the margins of the company is expected to be better than that of previous year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10067537 |
19/07/2013 * |
511,700,000.00 |
Bank of Baroda |
International Business Branch, Parliament Street, |
B81853780 |
|
2 |
90059005 |
19/07/2013 * |
511,700,000.00 |
Bank of Baroda |
International Business Branch, Parliament Street, |
B81850596 |
* Date of charge modification
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Furniture and
Fixtures
- Computer
- Office
Equipments
- Electrical
Installations
- 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.61.68 |
|
|
1 |
Rs.93.53 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
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.