MIRA INFORM REPORT
|
Report No. : |
306780 |
|
Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
MAGOTTEAUX INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
410, 4th Floor, Suryakiran Building, 19, Kasturba Gandhi
Marg, New Delhi – 110001 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
25.08.1994 |
|
|
|
|
Com. Reg. No.: |
55-113702 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.215.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109DL1994PTC113702 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM9907B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Vertical Mills Casting. |
|
|
|
|
No. of Employees
: |
156 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a subsidiary of “MAGOTTEAUX INTERNATIONAL SA.”. It is an
established company having moderate track record. The rating is constrained on account of account of company’s moderate
financial risk profile and losses that company has incurred from its
operational activities. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing with some caution. NOTE: The company has change its financial year filling from December
to March. Latest financial record of 2014 is of 15 month. |
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
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Jagdish Prajapati |
|
Designation : |
Finance Head |
|
Contact No.: |
91-281-2782632 |
|
Date : |
06.02.2015 |
LOCATIONS
|
Registered Office : |
410, 4th Floor, Suryakiran Building, 19, Kasturba Gandhi
Marg, New Delhi – 110001, India |
|
Tel. No.: |
91-11-23313782 |
|
Fax No.: |
91-11-23313784 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
45/1, 45/2 Rajkot Gondal Highway, Kangashiyali, Rajkot – 360002, Gujarat, India |
|
Tel. No.: |
91-281-2782 632 |
|
Fax No.: |
91-281-2782 635 |
|
E-Mail : |
|
|
|
|
|
Branch 1 : |
3rd Floor, G. E. Road, Near Telephone Exchange, Near Lal
Ganga Mall, Raipur – 492001, Chhattisgarh, India |
|
|
|
|
Branch 2 : |
411, 4th Floor, Maheshwari Chamber, Erra Manjil,
Somajiguda, Hyderabad – 500082, Telangana, India |
DIRECTORS
AS ON 23.09.2014
|
Name : |
Mr. Rajeev Dhawan |
|
Designation : |
Director |
|
Address : |
J - 1870, 1st Floor, C R Park, New Delhi – 110019, India |
|
Date of Birth/Age : |
28.11.1961 |
|
Date of Appointment : |
18.04.2000 |
|
DIN No.: |
00112101 |
|
|
|
|
Name : |
Mr. Bernard Mcp Goblet |
|
Designation : |
Director |
|
Address : |
299, Avenue De Ter Vuren, Bruxelles, 1150, Belgium |
|
Date of Birth/Age : |
25.04.1958 |
|
Date of Appointment : |
24.03.2006 |
|
DIN No.: |
00726145 |
|
|
|
|
Name : |
Mr. Sebastien G V Dossogne |
|
Designation : |
Director |
|
Address : |
Rue Marcel Royer, No 11, Abolens, 4280, Belgium |
|
Date of Birth/Age : |
14.07.1971 |
|
Date of Appointment : |
04.09.2007 |
|
DIN No.: |
02007762 |
|
|
|
|
Name : |
Mr. Jean M C R D Xhenseval |
|
Designation : |
Director |
|
Address : |
64, Rue De La Loignerie, Chaudfontaine, 4050, , Belgium |
|
Date of Birth/Age : |
31.07.1957 |
|
Date of Appointment : |
04.09.2007 |
|
DIN No.: |
02039227 |
|
|
|
|
Name : |
Mr. Maulesh Rameshchandra Patel |
|
Designation : |
Director |
|
Address : |
A-117,Vraj Vihar, Vasna Road, Vadodara - 390007, Gujarat, India |
|
Date of Birth/Age : |
13.03.1968 |
|
Date of Appointment : |
24.09.2012 |
|
DIN No.: |
02674422 |
|
|
|
|
Name : |
Mr. Fabrice Georges D Heughebaert |
|
Designation : |
Director |
|
Address : |
Route De Beaumont 17/A, 1380 Lasne, Lasne, Na, , Belgium |
|
Date of Birth/Age : |
29.06.1972 |
|
Date of Appointment : |
04.06.2012 |
|
DIN No.: |
05336614 |
KEY EXECUTIVES
|
Name : |
Mr. Jasmeen Kaur Arora |
|
Designation : |
Secretary |
|
Address : |
B-156, Subhadra Colony, New Delhi - 110035, India |
|
Date of Birth/Age : |
01.06.1990 |
|
Date of Appointment : |
13.02.2014 |
|
PAN No.: |
AVOPA3546L |
|
|
|
|
Name : |
Mr. Jagdish Prajapati |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS
AS ON 23.09.2014
|
Names of Shareholders |
No. of Shares |
|
Rajeev Dhawan |
10 |
|
Magotteaux Financial Center SA |
603115 |
|
Magotteaux International SA |
1550875 |
|
|
|
|
Total |
2154000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 23.09.2014
|
Category |
Percentage |
|
Bodies corporate |
99.96 |
|
Directors or relatives of Directors |
0.04 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Vertical Mills Casting. |
|
|
|
|
Products : |
Vertical Mills Casting |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque |
|
|
|
|
Purchasing : |
Cash, Cheque |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
156 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited ·
ING Vysya Bank Limited |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
7 Floor , Tower, 10BDLF, Cyber City, Complex, DLF City Phase II, Gurgaon, Haryana, India |
|
PAN No.: |
AABFD2095B |
|
|
|
|
Membership : |
-- |
|
|
|
|
Holding company : |
· Magotteaux International SA , Belgium |
|
|
|
|
Fellow subsidiaries
: |
· Magotteaux Inc. · Magotteaux Japan Co. Limited · Magotteaux Lt · Magotteaux Singapore Private Limited · Magotteaux SA · Magotteaux Co. Limited (Thailand) · Magotteaux Australia · Magolux (Belgium Plant) · Soregam SA · Magotteaux Pty · Magotteaux Group S.A · Magotteaux Andino · Magotteaux Alloyed Material (Suzho) · Slegten SA · Magotteaux Finance Center · Magotteaux Cyprus · Megaceram SA · Magotteaux LIEGE SA · Magotteaux SA de CV · Magotteaux Brasil Ltda |
CAPITAL STRUCTURE
AS ON 23.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6700000 |
Equity Shares |
Rs.100/- each |
Rs.670.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2154000 |
Equity Shares |
Rs.100/- each |
Rs.215.400 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 (15 Months) |
31.12.2012 (12 Months) |
31.12.2011 (12 Months) |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
215.400 |
400.000 |
286.017 |
|
(b) Reserves & Surplus |
212.795 |
(443.668) |
(186.828) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
89.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
428.195 |
45.332 |
99.189 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
243.244 |
236.187 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
22.432 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
17.828 |
16.381 |
13.251 |
|
Total Non-current
Liabilities (3) |
17.828 |
259.625 |
271.870 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
50.311 |
93.216 |
132.955 |
|
(b) Trade payables |
121.776 |
156.748 |
180.538 |
|
(c) Other
current liabilities |
11.986 |
18.108 |
14.834 |
|
(d) Short-term
provisions |
21.804 |
22.661 |
30.160 |
|
Total Current
Liabilities (4) |
205.877 |
290.733 |
358.487 |
|
|
|
|
|
|
TOTAL |
651.900 |
595.690 |
729.546 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
253.601 |
253.387 |
330.574 |
|
(ii)
Intangible Assets |
2.099 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.755 |
0.539 |
4.321 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.004 |
0.004 |
0.004 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.148 |
2.682 |
9.659 |
|
(e) Other
Non-current assets |
0.200 |
0.200 |
0.200 |
|
Total Non-Current
Assets |
259.807 |
256.812 |
344.758 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
166.662 |
151.309 |
172.653 |
|
(c) Trade
receivables |
140.092 |
126.438 |
160.896 |
|
(d) Cash
and cash equivalents |
15.845 |
3.382 |
1.003 |
|
(e)
Short-term loans and advances |
69.343 |
57.556 |
46.462 |
|
(f) Other current
assets |
0.151 |
0.193 |
3.774 |
|
Total
Current Assets |
392.093 |
338.878 |
384.788 |
|
|
|
|
|
|
TOTAL |
651.900 |
595.690 |
729.546 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 (15 Months) |
31.12.2012 (12 Months) |
31.12.2011 (12 Months) |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
TOTAL (A) |
780.510 |
610.630 |
549.790 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
|
|
|
||
|
|
|
TOTAL (B) |
830.140 |
767.730 |
682.790 |
|
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(49.630) |
(157.100) |
(133.000) |
||
|
|
|
|
|
|
||
|
Less |
FINANCIAL
EXPENSES (D) |
25.930 |
15.780 |
17.480 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
(75.560) |
(172.880) |
(150.480) |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
22.390 |
106.390 |
29.900 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
(97.950) |
(279.270) |
(180.380) |
||
|
|
|
|
|
|
||
|
Less |
TAX (H) |
0.180 |
(22.430 |
(0.360) |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
(98.130) |
(256.840) |
(180.020) |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
Raw Materials |
55.218 |
27.754 |
|
|
|
|
|
Stores & Spares |
59.218 |
54.982 |
|
|
|
|
|
Traded Goods |
1.568 |
9.666 |
|
|
|
|
|
Capital Goods |
8.724 |
10.461 |
|
|
|
|
TOTAL IMPORTS |
124.728 |
102.863 |
NA |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
(45.56) |
-- |
-- |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 (15 Months) |
31.12.2012 (12 Months) |
31.12.2011 (12 Months) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(15.04) |
(46.92) |
(24.87) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.23) |
(6.16) |
(1.82) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.12 |
7.42 |
3.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.90 |
1.17 |
1.07 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.12.2011 (12 Months) |
31.12.2012 (12 Months) |
31.03.2014 (15 Months) |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
286.017 |
400.000 |
215.400 |
|
Reserves & Surplus |
(186.828) |
(443.668) |
212.795 |
|
Share Application money pending
allotment |
0.000 |
89.000 |
0.000 |
|
Net
worth |
99.189 |
45.332 |
428.195 |
|
|
|
|
|
|
long-term borrowings |
236.187 |
243.244 |
0.000 |
|
Short term borrowings |
132.955 |
93.216 |
50.311 |
|
Total
borrowings |
369.142 |
336.460 |
50.311 |
|
Debt/Equity
ratio |
3.722 |
7.422 |
0.117 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.12.2011 (12 Months) |
31.12.2012 (12 Months) |
31.03.2014 (15 Months) |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
549.790 |
610.630 |
780.510 |
|
|
|
11.066 |
27.820 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.12.2011 (12 Months) |
31.12.2012 (12 Months) |
31.03.2014 (15 Months) |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
549.790 |
610.630 |
780.510 |
|
Profit |
(180.020) |
(256.840) |
(98.130) |
|
|
(32.74%) |
(42.06%) |
(12.57%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS ARE NOT AVAILABLE
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if
applicable) |
Yes |
|
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 |
Yes |
|
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 |
No |
UNSECURED LOANS:
(Rs.
In Millions)
|
Particulars |
31.03.2014 (15 Months) |
31.12.2012 (12 Months) |
|
Long Term Borrowings |
|
|
|
Term loans from
others |
0.000 |
243.244 |
|
|
|
|
|
Total |
0.000 |
243.244 |
NO CHARGES EXIST
FOR COMPANY.
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
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.62.14 |
|
|
1 |
Rs.94.79 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
28 |
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.