MIRA INFORM REPORT
|
Report No. : |
305345 |
|
Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SMT MACHINES INDIA LIMITED |
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|
|
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Registered
Office : |
Motia Khanmandi Gobindgarh, District Fatehgarh Sahib -
147301, Punjab |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
02.06.1992 |
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Com. Reg. No.: |
16-012340 |
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Capital Investment
/ Paid-up Capital : |
Rs.10.315 Millions |
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CIN No.: [Company Identification
No.] |
U29219PB1992PLC012340 |
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IEC No.: |
Not Available |
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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
: |
Manufacturer and Exporter of Hot Steel Rolling Mills and Allied
Equipments. |
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|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 437000 |
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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 is an established company having moderate track record. The company has incurred operational loss during FY 2013-14 However, trade relations seems to be fair. Business is active. Payment
terms are slow but correct. The company can be considered for business dealings 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 –December, 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 |
CRISIL |
|
Rating |
Long term rating B- |
|
Rating Explanation |
Risk prone credit qualities and carries very high credit risk. |
|
Date |
April 14, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
April 14, 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 PARTED BY
|
Name : |
Mr. Raman Mittal |
|
Designation : |
Director (Marketing) |
|
Contact No.: |
91-9357755555 |
|
Date : |
09.02.2015 |
LOCATIONS
|
Registered Office : |
Motia Khanmandi Gobindgarh, District Fatehgarh Sahib -
147301, Punjab, India |
|
Tel. No.: |
91-1765-256337 / 257742 |
|
Mobile No.: |
91-9357755555 (Mr. Raman Mittal) |
|
Fax No.: |
91-1765-255199 |
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E-Mail : |
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|
Website : |
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Area : |
500 Sq. Ft. |
|
Location : |
Owned |
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|
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|
Factory : |
Post Box No.71, G. T. Road, Near Industrial Focal Point, Mandi
Gobindgarh – 147301, Punjab, India |
|
Tel. No.: |
91-1765-256337/257742 |
|
Fax No.: |
91-1765-255199 |
|
Area : |
90000 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Surinder Kumar Mittal |
|
Designation : |
Managing director |
|
Address : |
Ward No. 5, Shastri Nagar, Saint Farid Public School Road,
Mandi Gobindgarh, Fatehgarh Sahib – 147301, Punjab, India |
|
Date of Birth/Age : |
19.10.1956 |
|
Date of Appointment : |
01.01.2013 |
|
DIN No.: |
01846096 |
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|
|
|
Name : |
Mr. Raman Mittal |
|
Designation : |
Whole-time director |
|
Address : |
Ward No. 5, Shastri Nagar, Saint Farid Public School Road, Mandi Gobindgarh, Fatehgarh Sahib – 147301, Punjab, India |
|
Date of Birth/Age : |
16.10.1987 |
|
Date of Appointment : |
27.06.2006 |
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DIN No.: |
00639724 |
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|
|
|
Name : |
Ms. Laxmi Mittal |
|
Designation : |
Director |
|
Address : |
Ward No. 5, Shastri Nagar, Saint Farid Public School Road,
Mandi Gobindgarh, Fatehgarh Sahib – 147301, Punjab, India |
|
Date of Birth/Age : |
24.03.1962 |
|
Date of Appointment : |
28.11.1994 |
|
DIN No.: |
01845975 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Jai Prakash Goyal |
1000 |
0.10 |
|
Surinder Kumar Mittal (HUF) |
4000 |
0.39 |
|
Anita Goyal |
1000 |
0.10 |
|
Luxmi Mittal |
547075 |
53.03 |
|
Aman Mittal (Minor) |
9225 |
0.89 |
|
Raman Mittal |
1600 |
0.16 |
|
Eshani Mittal |
2900 |
0.28 |
|
SMT Machines Private Limited, India |
464750 |
45.05 |
|
|
|
|
|
Total |
1031550 |
100.00 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
45.05 |
|
Directors or relatives of Directors |
54.95 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Hot Steel Rolling Mills and Allied
Equipments. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cash, Cheque and Credit (30, 60 and 90 Days) |
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Purchasing : |
Cash, Cheque and Credit (30, 60 and 90 Days) |
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 : |
300 (Approximately) |
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Bankers : |
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Facilities : |
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Financial Institution : |
Bajaj Finance Limited, Akurdi Pune, Pune – 411035, Maharashtra, India |
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Auditors : |
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Name 1 : |
Datta Singhla and Company Chartered Accountants |
|
Address : |
Battan Lal Road, Battan Lal Mill Complex, Chandigarh – 147301, India |
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PAN No.: |
AAAFD8577H |
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Name 2 : |
Jayesh Dadia and Associates Chartered Accountants |
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Address : |
422, Arun Chamber, Tardeo, Mumbai – 400034, Maharashtra, India |
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Tel. No.: |
91-22-66802417 / 66601056 |
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Fax. No.: |
91-22-66602418 |
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E-Mail : |
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Website : |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15000000 |
Equity Shares |
Rs.10/- each |
Rs.150.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1031550 |
Equity Shares |
Rs.10/- each |
Rs.10.315 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 |
|
|
|
|
(1)Shareholders'
Funds |
|
|
|
|
(a) Share Capital |
10.315 |
10.315 |
10.315 |
|
(b) Reserves & Surplus |
142.923 |
143.153 |
140.904 |
|
(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) |
153.238 |
153.468 |
151.219 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
215.447 |
225.419 |
48.631 |
|
(b) Deferred tax liabilities (Net) |
1.603 |
1.641 |
1.798 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.240 |
0.164 |
0.045 |
|
Total Non-current
Liabilities (3) |
217.290 |
227.224 |
50.474 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
137.276 |
139.261 |
260.108 |
|
(b) Trade
payables |
31.922 |
85.320 |
18.926 |
|
(c) Other
current liabilities |
95.115 |
140.913 |
127.769 |
|
(d) Short-term
provisions |
1.450 |
4.850 |
4.000 |
|
Total Current
Liabilities (4) |
265.763 |
370.344 |
410.803 |
|
|
|
|
|
|
TOTAL |
636.291 |
751.036 |
612.496 |
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
149.757 |
168.817 |
171.266 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.678 |
0.879 |
3.071 |
|
(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 |
56.785 |
0.926 |
0.239 |
|
(e) Other Non-current
assets |
0.000 |
0.138 |
0.276 |
|
Total Non-Current
Assets |
207.220 |
170.760 |
174.852 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
56.956 |
51.444 |
45.932 |
|
(b)
Inventories |
149.796 |
161.414 |
109.576 |
|
(c) Trade
receivables |
68.494 |
159.697 |
112.535 |
|
(d) Cash
and cash equivalents |
3.145 |
38.003 |
57.705 |
|
(e)
Short-term loans and advances |
150.680 |
169.718 |
111.896 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
429.071 |
580.276 |
437.644 |
|
|
|
|
|
|
TOTAL |
636.291 |
751.036 |
612.496 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
291.370 |
488.183 |
471.548 |
|
|
|
Other Income |
16.900 |
14.988 |
37.186 |
|
|
|
TOTAL |
308.270 |
503.171 |
508.734 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
67.018 |
115.097 |
387.843 |
|
|
|
Purchases of Stock-in-Trade |
161.437 |
316.205 |
0.000 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
7.439 |
(22.671) |
6.173 |
|
|
|
Employees benefits expense |
7.974 |
11.111 |
11.801 |
|
|
|
Other expenses |
17.044 |
22.407 |
45.269 |
|
|
|
TOTAL |
260.912 |
442.149 |
451.086 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
47.358 |
61.022 |
57.648 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
40.685 |
42.889 |
39.610 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.673 |
18.133 |
18.038 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.798 |
8.742 |
9.742 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(0.125) |
9.391 |
8.296 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.105 |
7.143 |
5.585 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(0.230) |
2.248 |
2.711 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(0.22) |
2.18 |
2.63 |
|
Expected Sales (2014-2015): Rs.400.00 Millions
The above information has been parted Mr. Raman Mittal
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(0.08) |
0.46 |
0.57 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
16.25 |
12.50 |
12.23 |
|
|
|
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|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.02) |
1.25 |
1.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.06 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.30 |
2.38 |
2.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.61 |
1.57 |
1.07 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
10.315 |
10.315 |
10.315 |
|
Reserves & Surplus |
140.904 |
143.153 |
142.923 |
|
Net worth |
151.219 |
153.468 |
153.238 |
|
|
|
|
|
|
long-term borrowings |
48.631 |
225.419 |
215.447 |
|
Short term borrowings |
260.108 |
139.261 |
137.276 |
|
Total borrowings |
308.739 |
364.680 |
352.723 |
|
Debt/Equity ratio |
2.042 |
2.376 |
2.302 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
471.548 |
488.183 |
291.370 |
|
|
|
3.528 |
(40.315) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
471.548 |
488.183 |
291.370 |
|
Profit |
2.711 |
2.248 |
(0.230) |
|
|
0.57% |
0.46% |
(0.08%) |
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
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 |
Yes |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans and advance from related parties |
51.237 |
168.183 |
|
|
|
|
|
Total |
51.237 |
168.183 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10455297 |
31/08/2013 |
19,000,000.00 |
Capri Global Capital Limited |
1-B, COURT CHAMBERS, 35, SIR VITHALDAS
THACKERSEY M, NEW MARINE LINES, MUMBAI, Maharashtra - 400020, INDIA |
B87631834 |
|
2 |
10397156 |
30/11/2012 |
45,000,000.00 |
HDB FINANCIAL SERVICES LIMITED |
Radhika, 2nd Floor, Law Garden Road,
Navrangpura, Ahmedabad, Gujarat -
380009, INDIA |
B65950552 |
|
3 |
10312375 |
21/09/2011 |
360,000,000.00 |
Bank of Baroda |
Sector-17 B, Chandigar, Chandigarh -
160017, INDIA |
B23310097 |
|
4 |
10300551 |
31/07/2011 |
23,500,000.00 |
CHOLAMANDALAM INVESTMENT AND FINANCE
COMPANY LIMIT |
DARE HOUSE, NO. 2 N S C BOSE ROAD, PARRYS,
CHENNAI, Tamil Nadu - 600001, INDIA |
B18183871 |
|
5 |
10299268 |
21/07/2011 |
27,500,000.00 |
INDIA INFOLINE INVESTMENT SERVICES LIMITED |
IIFL House, Sun Infotech Park, Road No.
16V, Plot No.B-23, Thane Industrial Area, Wagle Estate, Thane, Maharashtra -
400604, INDIA |
B17700550 |
|
6 |
10227498 |
28/01/2013 * |
58,000,000.00 |
AXIS BANK LIMITED |
SME CENTRE, 5-A 2ND FLOOR, SURYA TOWER
108, THE MALL, LUDHIANA, Punjab - 141001, INDIA |
B69073385 |
|
7 |
10118759 |
28/06/2014 * |
143,227,000.00 |
BANK OF BARODA |
MANDI GOBINDGARH, GOBINDGARH, Punjab - 147301,
INDIA |
C18351817 |
* Date of charge modification
FIXED ASSETS
- Land
- Building and Shed
- Furniture and Fixtures
- Office Equipments
- Lab Equipments
- Fax and EAPBX
- Kitchen Equipments
- Vehicles
- Machines
- Scooter
- Fire Fitting Equipments
- Plant and Machinery
- Air Conditioner
- Generator Set
- Computers
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.95.78 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
-- PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
31 |
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.