MIRA INFORM REPORT
|
Report No. : |
301619 |
|
Report Date : |
06.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MADHOOR BUILDWELL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 11, Bhaveshwar Shikhar No.2, R.B. Mehta Road, Kanchan Junga
CHS Limited, Near Maharashtra bank, Ghatkopar (East), Mumbai – 400007,
Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
23.09.1994 |
|
|
|
|
Com. Reg. No.: |
11- 081387 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45200MH1994PTC081387 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACM7418H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business in residential and commercial real
estate development, constructing buildings on contract for government and
non-government organizations as well as executing municipal corporation
contracts. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
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 |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The rating takes into
consideration moderate financial risk profile marked by leveraged capital
structure and risk inherent to real estate industries. However, trade relations are 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
ICRA |
|
Rating |
Term Loan (Proposed) = B+ (Withdrawn) |
|
Rating Explanation |
Have high risk of default |
|
Date |
September, 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non-fund based facilities = A4 |
|
Rating Explanation |
Have minimal degree of safety and carry very
high credit risk. |
|
Date |
September, 2013 |
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.
LOCATIONS
|
Registered Office : |
Flat No. 11, Bhaveshwar Shikhar No.2, R.B. Mehta Road, Kanchan Junga
CHS Limited, Near Maharashtra bank, Ghatkopar (East), Mumbai – 400007,
Maharashtra, India |
|
Tel. No.: |
91-253-2506902 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Administrative Address: |
Janki Plaza, Office 301, Dwarka Circle, Near Kharbanda Park, Nashik –
422011, Maharashtra, (India) |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Chetan Ratilal Patel |
|
Designation : |
Director |
|
Address : |
Deeplaxmi”, Bytco Factory Road, Nashik Road, Nashik – 422101, Maharashtra, India |
|
Date of Birth/Age : |
02.04.1973 |
|
Date of Appointment : |
23.09.1994 |
|
DIN No.: |
00651260 |
|
|
|
|
Name : |
Mr. Arvind Ratilal Patel |
|
Designation : |
Director |
|
Address : |
Deeplaxmi”, Bytco Factory Road, Nashik Road, Nashik – 422101, Maharashtra, India |
|
Date of Birth/Age : |
02.04.1973 |
|
Date of Appointment : |
23.09.1994 |
|
DIN No.: |
00651238 |
|
|
|
|
Name : |
Mr. Ratilal Shivdas Patel |
|
Designation : |
Director |
|
Address : |
Deeplaxmi”, Bytco Factory Road, Nashik Road, Nashik – 422101, Maharashtra, India |
|
Date of Birth/Age : |
10.08.1940 |
|
Date of Appointment : |
23.09.1994 |
|
DIN No.: |
00649563 |
|
|
|
|
Name : |
Mr. Pradeep Ratilal Patel |
|
Designation : |
Director |
|
Address : |
Deeplaxmi”, Bytco Factory Road, Nashik Road, Nashik – 422101, Maharashtra, India |
|
Date of Birth/Age : |
26.06.1966 |
|
Date of Appointment : |
15.09.2007 |
|
DIN No.: |
01657818 |
MAJOR SHAREHOLDERS
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Ratilal Shivdas Patel |
|
174900 |
|
Arvind Ratilal Patel |
|
224900 |
|
Chetan Ratilal Patel |
|
224900 |
|
Pradip Ratilal Patel |
|
224900 |
|
Sangeetben Pradip Patel |
|
50000 |
|
Rajeshreeben Arvind Patel |
|
50000 |
|
Premilaben Chetan Patel |
|
50000 |
|
Ratilal Shivdas Patel (HUF) |
|
100 |
|
Arvind Ratilal Patel (HUF) |
|
100 |
|
Chetan Ratilal Patel (HUF) |
|
100 |
|
Pradip Ratilal Patel (HUF) |
|
100 |
|
|
|
|
|
Total |
|
1000000 |
LIST OF ALLOTTEES:
AS ON 28.11.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mr. Arvind Ratilal Patel |
|
666667 |
|
Mr. Chetan Ratilal Patel |
|
666666 |
|
Mr. Pradip Ratilal Patel |
|
666667 |
|
|
|
|
|
Total |
|
2000000 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business in residential and commercial real
estate development, constructing buildings on contract for government and non-government
organizations as well as executing municipal corporation contracts. |
|
|
|
|
Products / Services : |
Real Estate Development |
|
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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 : |
Not Available |
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Purchasing : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not available |
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Bankers : |
Janalaxmi co-op. Bank Limited, Nashik, Maharashtra, India |
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Facilities : |
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Banking Relations
: |
-- |
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Financial
Institution : |
SREI Equipment Finance Private Limited, 'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India |
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Auditors : |
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|
Name : |
Phatak Joshi and Company Chartered Accountants |
|
Address : |
Office No.1 to 4, Yashoda Heights, Near Mahalaxmi Temple, Lawate
Nagar, Off Untwadi Road, Nashik – 422002, Maharashtra, India |
|
PAN No.: |
AAJFP8703A |
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Membership : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves & Surplus |
54.964 |
42.522 |
30.825 |
|
(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) |
59.964 |
47.522 |
35.825 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
90.305 |
27.950 |
5.132 |
|
(b) Deferred tax liabilities (Net) |
3.295 |
2.422 |
1.311 |
|
(c) Other long term
liabilities |
162.766 |
200.284 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
256.366 |
230.656 |
6.443 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
67.741 |
68.483 |
28.315 |
|
(b) Trade
payables |
51.789 |
50.174 |
59.105 |
|
(c) Other current
liabilities |
12.434 |
1.111 |
198.217 |
|
(d) Short-term
provisions |
7.283 |
6.383 |
5.872 |
|
Total Current
Liabilities (4) |
139.247 |
126.151 |
291.509 |
|
|
|
|
|
|
TOTAL |
455.577 |
404.329 |
333.777 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
56.831 |
55.152 |
52.793 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.605 |
2.676 |
0.111 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
70.016 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
60.436 |
57.828 |
122.920 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
173.266 |
180.834 |
137.256 |
|
(c) Trade
receivables |
42.387 |
22.539 |
21.006 |
|
(d) Cash
and cash equivalents |
1.328 |
0.759 |
13.284 |
|
(e)
Short-term loans and advances |
78.573 |
97.614 |
16.578 |
|
(f) Other
current assets |
99.587 |
44.755 |
22.733 |
|
Total
Current Assets |
395.141 |
346.501 |
210.857 |
|
|
|
|
|
|
TOTAL |
455.577 |
404.329 |
333.777 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
260.440 |
231.056 |
|
|
|
|
Other Income |
1.705 |
0.165 |
|
|
|
|
TOTAL |
262.145 |
231.221 |
216.391 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
243.351 |
213.545 |
201.255 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
18.794 |
17.676 |
15.136 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.351 |
5.980 |
5.006 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
12.443 |
11.696 |
10.130 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.87 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
4.78 |
5.06 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.16 |
4.40 |
4.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.31 |
0.37 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.64 |
2.03 |
0.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.84 |
2.75 |
0.72 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
30.825 |
42.522 |
54.964 |
|
Net
worth |
35.825 |
47.522 |
59.964 |
|
|
|
|
|
|
long-term borrowings |
5.132 |
27.950 |
90.305 |
|
Short term borrowings |
28.315 |
68.483 |
67.741 |
|
Total
borrowings |
33.447 |
96.433 |
158.046 |
|
Debt/Equity
ratio |
0.934 |
2.029 |
2.636 |
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 |
|
Total Income |
216.391 |
231.221 |
262.145 |
|
|
|
6.853 |
13.374 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Total Income |
216.391 |
231.221 |
262.145 |
|
Profit |
10.130 |
11.696 |
12.443 |
|
|
4.68% |
5.06% |
4.75% |
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 |
No |
|
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 |
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:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Long Term Borrowings |
|
|
|
Loans and advances
from related parties |
|
|
|
Ratilal S Patel |
6.051 |
3.316 |
|
Arvind R Patel |
13.981 |
4.402 |
|
Chetan R Patel |
15.415 |
4.201 |
|
Pradip R.Patel |
22.685 |
6.219 |
|
Pramila C.Patel |
2.048 |
0.790 |
|
Rajashriben A.Patel |
2.786 |
1.515 |
|
Sangitaben P.Patel |
3.209 |
1.769 |
|
Ratilal Shivdas Patel ( HUF) |
2.905 |
1.954 |
|
Arvind R. Patel (HUF) |
7.741 |
1.157 |
|
Karsan S. Patel |
0.000 |
0.300 |
|
Pradip R. Patel (HUF) |
6.228 |
0.449 |
|
C R Patel (HUF) |
5.670 |
0.124 |
|
|
|
|
|
Total |
88.719 |
26.196 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10503872 |
15/05/2014 |
500,000.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BE |
C07148067 |
|
2 |
10503874 |
15/05/2014 |
4,320,000.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BE |
C07148810 |
|
3 |
10493126 |
28/03/2014 |
40,000,000.00 |
AXIS BANK LIMITED |
MAZDA
TOWERS, TRAMBAK NAKA, SURVEY NO. 620/9, GPO |
C04289138 |
|
4 |
10472316 |
31/12/2013 |
2,531,500.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BE |
B94295664 |
|
5 |
10364094 |
12/03/2013 * |
70,000,000.00 |
STATE BANK OF INDIA |
SME
BRANCH, SHINGADA TALAW, PROSPER PARK, NASHIK- |
B71909964 |
|
6 |
10325818 |
01/12/2011 |
2,862,500.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BE |
B28875177 |
|
7 |
10305560 |
15/08/2011 |
1,552,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BE |
B20210712 |
|
8 |
10305588 |
15/08/2011 |
1,849,000.00 |
SREI EQUIPMENT FINANCE PRIVATE LIMITED |
'VISHWAKARMA',
86C, TOPSIA ROAD,, KOLKATA, WEST BE |
B20224804 |
|
9 |
10185623 |
25/03/2011 * |
30,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
36-38A,
NARIMAN BHAVAN, 227,D,, NARIMAN POINT,, M |
B11502127 |
*Date of modification Charges
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.63.39 |
|
|
1 |
Rs.96.85 |
|
Euro |
1 |
Rs. |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT / MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
32 |
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.