MIRA INFORM REPORT
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Report No. : |
308060 |
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Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
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Name : |
KARAMTARA ENGINEERING PRIVATE LIMITED |
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Registered
Office : |
705, Morya Landmark II, New |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.05.1996 |
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Com. Reg. No.: |
11-099333 |
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Capital
Investment / Paid-up Capital : |
Rs.55.325 millions |
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CIN No.: [Company Identification
No.] |
U45207MH1996PTC099333 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMK07352C |
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PAN No.: [Permanent Account No.] |
AABCK1921E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject
is engaged in the manufacturing of power transmission towers. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (52) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 7700000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having fine track record. The company has seen a significant increase in net profitability of
the company during current year. Financial position of the company appears
sound. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. 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
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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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 |
ICRA |
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Rating |
Long Term Loan = BBB+ |
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Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
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Date |
April, 2014 |
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Rating Agency Name |
ICRA |
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Rating |
Short Term Loan = A2+ |
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Rating Explanation |
Strong degree of safety. It carry very low
credit risk. |
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Date |
April, 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 DECLINED
MANAGEMENT NON –COOPERATIVE (91-22-26731000)
LOCATIONS
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Registered Office/ Corporate Office : |
705, Morya Landmark II, New Link Road, Andheri (West), Mumbai – 400
053, Maharashtra, India |
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Tel. No.: |
91-22-26731000/ 40710000 |
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Fax No.: |
91-22-26731015 |
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E-Mail : |
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Website : |
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Factory 1 : |
Plot No.B-8/2, MIDC, Tarapur, Thane – 401 506, Maharashtra, India |
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Tel. No.: |
91-2525-261640 |
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Fax No.: |
91-2525-261540 |
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Factory 2 : |
Survey No.48/53-58, Plot No. OS-55, MIDC, Village
Saravali, Tarapur, Palghar, Thane – 401 506, Maharashtra, India |
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Tel. No.: |
91-2525-205192/ 91 |
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Fax No.: |
91-2525-261460 |
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Factory 3 : |
Plot No.B-212, MIDC Industrial Area, Butibori, Nagpur – 441 108, Maharashtra, India |
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Tel. No.: |
91-7104-265495/ 91 |
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Fax No.: |
91-7104-265494 |
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Factory 4 : |
Plot No.G-3/1 and 2 ,G-89, MIDC, Tarapur, Palghar, Thane – 401 506, Maharashtra, India |
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Tel. No.: |
91-2525-278965 |
DIRECTORS
AS ON 27.09.2014
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Name : |
Mr. Rajiv Singh |
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Designation : |
Managing Director |
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Address : |
401, 4th Floor, Goswami Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai – 400 049, Maharashtra, India |
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Date of Birth/Age : |
07.03.1973 |
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Date of Appointment : |
16.06.2014 |
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PAN No.: |
AMOPS1063P |
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DIN No.: |
01689209 |
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Other Directorship :
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Name : |
Mr. Tanveer Singh |
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Designation : |
Managing Director |
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Address : |
401, 4th Floor, Goswami Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai – 400 049, Maharashtra, India |
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Date of Birth/Age : |
21.01.1970 |
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Date of Appointment : |
02.09.2013 |
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PAN No.: |
AFXPS8197J |
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DIN No.: |
01689287 |
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Other Directorship :
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Name : |
Mr. Hanwant Manbir Singh |
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Designation : |
Director |
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Address : |
401, 4th Floor, Goswami Towers, Jai Hind Society, 11th
NS Road, Juhu, Mumbai – 400 049, Maharashtra, India |
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Date of Birth/Age : |
02.03.1938 |
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Date of Appointment : |
07.11.2001 |
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PAN No.: |
ADUPS2432D |
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DIN No.: |
00583469 |
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Other Directorship :
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Name : |
Mr. Shreyans Jitendra Shah |
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Designation : |
Whole-time Director |
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Address : |
B-122, Madhuban Apartment, Worli Hill Road, Worli, Mumbai – 400 018,
Maharashtra, India |
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Date of Birth/Age : |
01.05.1974 |
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Date of Appointment : |
02.09.2013 |
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DIN No.: |
01649714 |
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Other Directorship :
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KEY EXECUTIVES
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Name : |
Mr. Prasad Arun Oak |
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Designation : |
Secretary |
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Address : |
506, Anil Apartment CHS, Near VPM School, Off Mithagar Road, Mulund (East), Mumbai – 400 081, Maharashtra, India |
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Date of Birth/Age : |
16.05.1978 |
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Date of Appointment : |
01.03.2012 |
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PAN No.: |
AAHPO1985B |
MAJOR SHAREHOLDERS
AS ON 27.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Inderjeet Singh |
1383125 |
25.00 |
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Tanveer Singh |
1383125 |
25.00 |
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Rajiv Singh |
1383125 |
25.00 |
|
Hanwant Manbir Singh |
1383125 |
25.00 |
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Total |
5532500 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2014
|
Category |
Percentage of
Holding |
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Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject
is engaged in the manufacturing of power transmission towers. |
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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 |
PRODUCTION STATUS –
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
· Abengoa Inabensa Hyundai SAE CYMIMASA Gulf Jyoti International Cobra ABB SAG Terna ALSTOM |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
IDBI Bank Limited, Ground Floor, Jeevan Nidhi
Building, LIC Complex, Indusind Bank Limited, 425, Dadasaheb Bhadkamker Marg,
Opera House, Mumbai – 400 004, Maharashtra, India Barclay’s Bank Plc, 601/603, Ceejay House, Shivsagar
Estate, Dr. Aniie Besent Road, Worli, Mumbai – 400 018, Maharashtra, India ICICI Bank Limited, Shreeji Tower C-99, C-Scheme, Ahinsa
Circle, Jaipur – 302 001, Rajasthan, India Punjab and Sind Bank, Juhu Branch, Amrapali Shopping Centre,
Jvpd Scheme, Vileparle (West), Mumbai – 400 049, Maharashtra, India ICICI Bank Limited, Shreeji Tower C-99, C-Scheme, Ahinsa
Circle, Jaipur – 302 001, Rajasthan, India Axis Bank Limited, Axis House, Ground Floor, Bombay Dyeing
Mills Compound, Worli, Mumbai – 400 025, Maharashtra, India State Bank of India, Overseas Branch, Mumbai, The Arcade,
World Trade Centre, Cuffe parade, Mumbai – 400 005, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institutions : |
· Axis Trustee Services Limited, Axis House, 2nd Floor, Bombay Dyeing Mills Compound, Pandurang Budhkar Marg, Worli,, Mumbai – 400 025, Maharashtra, India ·
Tata Capital Financial Services Limited, One
Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400 001, Maharashtra, India |
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Auditors : |
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Name : |
Chokshi and Chokshi Chartered Accountants |
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Address : |
15/17, Raghavji ‘B’ Building, Ground Floor, Raghavji Road, Off Kemps
Corner, Mumbai – 400 036, Maharashtra, India |
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PAN
No.: |
AAAFC2633B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
Poona Galvanizers Private Limited, India (CIN
No.: U27104MH2004PTC144308) |
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Subsidiary Company : |
Karamtara Italy SRL, Italy |
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Subsidiary of
Karamtara Italy SRL : |
Iselfa Morsetteria SRL, Italy |
CAPITAL STRUCTURE
AS ON 27.09.2014
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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41000000 |
Equity Shares |
Rs.10/- each |
Rs.410.000 millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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5532500 |
Equity Shares |
Rs.10/- each |
Rs.55.325 millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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(1) Shareholders' Funds |
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(a) Share Capital |
55.325 |
50.000 |
50.000 |
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(b) Reserves & Surplus |
2660.832 |
2049.803 |
390.326 |
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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 |
213.000 |
98.500 |
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Total
Shareholders’ Funds (1) + (2) |
2716.157 |
2312.803 |
538.826 |
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(3)
Non-Current Liabilities |
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(a) Long-term borrowings |
842.024 |
789.330 |
491.323 |
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(b) Deferred tax liabilities (Net) |
230.804 |
168.956 |
40.637 |
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(c) Other long term liabilities |
162.600 |
250.758 |
34.675 |
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(d) Long-term provisions |
7.709 |
7.787 |
2.114 |
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Total Non-current Liabilities (3) |
1243.137 |
1216.831 |
568.749 |
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(4) Current Liabilities |
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(a) Short term borrowings |
1160.621 |
909.263 |
73.085 |
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(b) Trade payables |
3425.364 |
3217.571 |
1110.558 |
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(c) Other current
liabilities |
501.417 |
407.491 |
129.891 |
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(d) Short-term provisions |
150.916 |
140.091 |
24.997 |
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Total Current Liabilities (4) |
5238.318 |
4674.416 |
1338.531 |
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TOTAL |
9197.612 |
8204.050 |
2446.106 |
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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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|
|
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(i) Tangible assets |
3247.160 |
2900.095 |
431.599 |
|
(ii) Intangible Assets |
40.689 |
17.824 |
0.000 |
|
(iii) Capital
work-in-progress |
50.139 |
33.403 |
85.274 |
|
(iv)
Intangible assets under development |
0.000 |
2.796 |
0.000 |
|
(b) Non-current Investments |
2.326 |
2.326 |
201.292 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.786 |
13.755 |
2.568 |
|
(e) Other Non-current assets |
0.000 |
13.062 |
0.000 |
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Total Non-Current Assets |
3356.100 |
2983.261 |
720.733 |
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(2) Current assets |
|
|
|
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(a) Current investments |
0.632 |
4.654 |
4.699 |
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(b) Inventories |
1815.217 |
1589.184 |
348.002 |
|
(c) Trade receivables |
2973.522 |
2684.525 |
889.297 |
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(d) Cash and cash
equivalents |
542.542 |
532.837 |
252.483 |
|
(e) Short-term loans and
advances |
231.237 |
194.163 |
139.387 |
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(f) Other current assets |
278.362 |
215.426 |
91.505 |
|
Total Current Assets |
5841.512 |
5220.789 |
1725.373 |
|
|
|
|
|
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TOTAL |
9197.612 |
8204.050 |
2446.106 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
10503.600 |
10558.400 |
4414.300 |
|
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Other Income |
NA |
NA |
NA |
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TOTAL |
NA |
NA |
NA |
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EXPENSES |
NA |
NA |
NA |
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PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
953.300 |
754.500 |
157.900 |
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INTEREST |
173.600 |
124.200 |
8.800 |
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PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
779.500 |
630.300 |
149.100 |
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|
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|
|
|
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DEPRECIATION/
AMORTISATION |
119.200 |
90.600 |
21.600 |
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|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
660.300 |
539.700 |
127.500 |
|
|
|
|
|
|
|
|
|
|
TAX |
244.000 |
180.100 |
43.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
416.300 |
359.600 |
84.000 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
316.400 |
213.011 |
0.178 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
75.25 |
71.92 |
16.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.96 |
3.41 |
1.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
9.08 |
7.15 |
3.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.22 |
6.61 |
5.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.23 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.74 |
0.73 |
1.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.12 |
1.29 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns.) |
(INR in Mlns.) |
(INR in Mlns.) |
|
Share Capital |
50.000 |
50.000 |
55.325 |
|
Reserves & Surplus |
390.326 |
2049.803 |
2660.832 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
98.500 |
213.000 |
0.000 |
|
Net worth |
538.826 |
2312.803 |
2716.157 |
|
|
|
|
|
|
Long Term borrowings |
491.323 |
789.330 |
842.024 |
|
Short Term borrowings |
73.085 |
909.263 |
1160.621 |
|
Total borrowings |
564.408 |
1698.593 |
2002.645 |
|
Debt/Equity ratio |
1.047 |
0.734 |
0.737 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
4,414.300 |
10,558.400 |
10,503.600 |
|
|
|
139.186 |
(0.519) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Mlns) |
(INR in Mlns) |
(INR in Mlns) |
|
Sales |
4,414.300 |
10,558.400 |
10,503.600 |
|
Profit |
84.000 |
359.600 |
416.300 |
|
|
1.90% |
3.41% |
3.96% |
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 |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
NOTE:
The registered address of the company has been shifted from 117, Morya
Estate, Oshivara Link Road, Andheri (West), Mumbai – 400 053, Maharashtra to the
present address w.e.f. 01.06.2013.
AMALGAMATIONS
Pursuant to the Scheme of Amalgamation (the Scheme) between Karamtara Engineering Private Limited [herein-after referred to as the transferee company] and its wholly owned subsidiaries (directly or indirectly), namely, Karamtara Fasteners Private Limited (manufacturer of nut bolts and fasteners), Karamtara Steel Private Limited (manufacturer of hot rolled HT and MS structural steel) and Sunder Rolling Mills Private Limited (manufacturer of hot rolled HT and MS structural steel) [herein-after referred to as transferor companies], approved by the shareholders of the aforesaid transferee company and transferor companies, and as approved by the Hon’ble Bombay High Court vide its Order dated 29th June, 2012 and by the Hon’ble Delhi High Court vide its Order dated 12th October, 2012, the entire business and all the assets and liabilities of transferor companies have been transferred to and vested in the transferee Company, from 1st April, 2012 (the appointed date). The effective date of the scheme is 23rd October 2012.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Term loans from banks |
17.325 |
26.347 |
|
Loans and advances from directors |
500.000 |
0.000 |
|
Loans and advances from related parties |
0.000 |
500.000 |
|
Other loans and advances |
(268.064) |
(186.292) |
|
Total |
249.261 |
340.055 |
FIXED ASSETS
·
Land
·
Buildings
·
Plant
and Equipment
·
Other
Plant and Equipment
·
Furniture
and Fixtures
·
Vehicles
·
Office
Equipment
·
Computer
Equipments
·
Other
Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report : No
press reports / filings exists on the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.43 |
|
|
1 |
Rs.95.02 |
|
Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
-- PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
52 |
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.