MIRA INFORM REPORT
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Report No. : |
302903 |
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Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
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Name : |
STRESCON INDUSTRIES LIMITED |
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Registered
Office : |
30, C. R. Avenue, Kolkata – 700012, West Bengal |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
30.08.1978 |
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Com. Reg. No.: |
21-031650 |
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Capital
Investment / Paid-up Capital : |
Rs.16.081 Millions |
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CIN No.: [Company Identification
No.] |
U26956WB1978PLC031650 |
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TIN No.: |
Not Available |
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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 : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Supplying Pre Stressed Concrete Sleepers. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B (28) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 480000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having moderate track record. Profitability of the company seems to be low during 2014. However, trade relations are fair. Business is active. Payment terms are
reported to be 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 |
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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
|
Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = B |
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Rating Explanation |
Have high risk of default |
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Date |
17.01.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = A4 |
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Rating Explanation |
Have minimal degree of safety and carry very high credit risk |
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Date |
17.01.2014 |
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.
LOCATIONS
|
Registered Office : |
30, C. R. Avenue, Kolkata – 700012, West Bengal, India |
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Tel. No.: |
91-33-22121147 |
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Fax No.: |
91-33-22250997 |
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E-Mail : |
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Website : |
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Corporate Office : |
30,
Chittaranjan Avenue, 3rd Floor, Kolkata – 700012, West Bengal, India |
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Tel. No.: |
91-33-22122995 / 22122996 |
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Fax No.: |
91-33-22250997 |
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E-Mail : |
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Plant : |
Chamagram Railway Station Yard, Post Box : Chamagram, Police Station Baisnabnagar, Malda – 732139, West Bengal, India |
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Tel. No.: |
91-33-22122995 |
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Fax No.: |
91-33-22122996 |
DIRECTORS
As on 30.09.2014
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Name : |
Sabyasachi Munshi |
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Designation : |
Managing Director |
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Address : |
AE-666 ,Salt Lake City, Sector I, Kolkata - 700064, West Bengal, India |
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Date of Birth/Age : |
06.12.1963 |
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Date of Appointment : |
23.05.1990 |
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DIN No.: |
00001350 |
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Other Directorship:
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Name : |
Shohom Munshi |
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Designation : |
Whole-Time Director |
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Address : |
AE-666, Sector-I, Salt Lake City, Kolkata - 700064, West Bengal, India |
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Date of Birth/Age : |
30.03.1986 |
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Date of Appointment : |
23.12.2009 |
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DIN No.: |
00758135 |
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Other Directorship:
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Name : |
Sayan Munshi |
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Designation : |
Director |
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Address : |
AE-666, Sector- I, Salt Lake City, Kolkata - 700064, West Bengal,
India |
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Date of Birth/Age : |
11.10.1987 |
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Date of Appointment : |
11.05.2006 |
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DIN No.: |
00747276 |
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Other Directorship:
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Name : |
Ruprani Munshi |
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Designation : |
Director |
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Address : |
AE-666, Sector-I, Salt Lake City, Kolkata - 700064, West Bengal, India |
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Date of Birth/Age : |
28.08.1963 |
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Date of Appointment : |
28.12.1992 |
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DIN No.: |
00758137 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
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No. of Shares |
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WBIDC Limited, India |
|
20000 |
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Munshi Holding Private Limited, India |
|
312000 |
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Esskayjay International Limited, India |
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402214 |
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Lazer Merchandise Private Limited, India |
|
348760 |
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Kalyan Ishwari Tracon Private Limited, India |
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2500 |
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Argus Engineering, UK |
|
68974 |
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Nissan Vinimay Private Limited, India |
|
118000 |
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Mascons Pin Private Limited, India |
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30000 |
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Krishna Munshi |
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24690 |
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Zavit Commotrade Private Limited, India |
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15000 |
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Blue Chip Computer Consultants Private Limited, India |
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34000 |
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Sunman Vizcom Private Limited, India |
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56000 |
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Ziwani Barter Private Limited, India |
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25000 |
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Tranel Trading Private Limited, India |
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25000 |
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Shirlasksmi Merchandise Private Limited, India |
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25000 |
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Mubarak Lubricants Private Limited, India |
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5000 |
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Manikal Fashions Private Limited, India |
|
96000 |
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Total |
|
1608138 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
4.28 |
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Bodies corporate |
92.93 |
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Directors or relatives of Directors |
1.55 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturing and Supplying Pre Stressed Concrete Sleepers. |
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Products : |
Pre Stressed Concrete Sleepers |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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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 : |
Not Available |
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Customers : |
· Bangladesh Railways, Bangladesh · National Thermal Power Corporation (NTPC) Limited, India · Calcutta Electric Supply Company (CESC), India · Food Corporation of India, India · Ircon international Limited · Rites India Limited · Indian Railways, India · Ircon International Limited, India · Rites India Limited, India · Barclay Mowlem Limited (Laing o Remake), Australia · Saudi Binladin Group (SBG), Kingdom of Saudi Arabia · Al - Ayuni Group, Kingdom of Saudi Arabia |
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No. of Employees : |
Not Available |
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Bankers : |
Central Bank of India, Kolkata Main Branch, 33, Netaji Subhas Road, Kolkata - 700001, West Bengal, Indiaw |
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Facilities : |
Notes: Short Term Borrowings Hypothecation of raw
material, finished sleepers and all current assets of the company and
personal guarantee of the managing director. |
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Auditors : |
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Name : |
Mookherjee Biswas and Pathak Chartered Accountants |
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Address : |
5 and 6, Fancy Lane, Kolkata – 700001, West Bengal, India |
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PAN No.: |
AAFFM8474R |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates Company : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Millions |
|
50000 |
Preference Shares |
Rs.100/- each |
Rs.5.000 Millions |
|
|
Total |
|
Rs.30.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1608138 |
Equity Shares |
Rs.10/- each |
Rs.16.081 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 |
16.081 |
14.801 |
11.391 |
|
(b) Reserves & Surplus |
151.414 |
139.866 |
105.414 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
167.495 |
154.667 |
116.805 |
|
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|
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(3)
Non-Current Liabilities |
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|
|
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(a) long-term borrowings |
71.674 |
30.527 |
2.955 |
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(b) Deferred tax liabilities (Net) |
5.235 |
2.849 |
1.821 |
|
(c) Other long term
liabilities |
10.747 |
20.240 |
64.889 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
87.656 |
53.616 |
69.665 |
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
51.900 |
41.000 |
43.411 |
|
(b) Trade
payables |
55.574 |
41.157 |
24.837 |
|
(c) Other
current liabilities |
15.846 |
13.056 |
11.212 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
123.320 |
95.213 |
79.460 |
|
|
|
|
|
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TOTAL |
378.471 |
303.496 |
265.930 |
|
|
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|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
110.037 |
60.842 |
39.985 |
|
(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 |
14.825 |
14.825 |
12.725 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.400 |
0.913 |
0.000 |
|
(e) Other
Non-current assets |
1.439 |
1.439 |
1.439 |
|
Total Non-Current
Assets |
127.701 |
78.019 |
54.149 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
129.230 |
86.225 |
95.752 |
|
(c) Trade
receivables |
37.719 |
47.154 |
33.974 |
|
(d) Cash
and cash equivalents |
15.974 |
18.309 |
28.912 |
|
(e)
Short-term loans and advances |
63.778 |
70.305 |
49.981 |
|
(f) Other
current assets |
4.069 |
3.484 |
3.162 |
|
Total
Current Assets |
250.770 |
225.477 |
211.781 |
|
|
|
|
|
|
TOTAL |
378.471 |
303.496 |
265.930 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
141.988 |
282.923 |
137.041 |
|
|
|
Other Income |
1.732 |
2.067 |
18.208 |
|
|
|
TOTAL (A) |
143.720 |
284.990 |
155.249 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
109.633 |
200.967 |
105.424 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(33.243) |
7.322 |
1.411 |
|
|
|
Administrative Cost |
5.932 |
5.787 |
3.844 |
|
|
|
Employee Benefits Expenses |
15.303 |
22.093 |
14.174 |
|
|
|
Other Expenses |
21.774 |
32.858 |
15.613 |
|
|
|
TOTAL (B) |
119.399 |
269.027 |
140.466 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
24.321 |
15.963 |
14.783 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.508 |
3.854 |
4.528 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
12.813 |
12.109 |
10.255 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
10.255 |
7.318 |
6.312 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
2.558 |
4.791 |
3.943 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.529 |
1.028 |
1.330 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
0.029 |
3.763 |
2.613 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
17.497 |
13.734 |
11.121 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
17.526 |
17.497 |
13.734 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.02 |
3.30 |
2.29 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.02 |
1.33 |
1.91 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
17.13 |
5.64 |
10.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.70 |
1.66 |
1.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.74 |
0.46 |
0.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.03 |
2.37 |
2.67 |
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 |
11.391 |
14.801 |
16.081 |
|
Reserves & Surplus |
105.414 |
139.866 |
151.414 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
116.805 |
154.667 |
167.495 |
|
|
|
|
|
|
Long Term borrowings |
2.955 |
30.527 |
71.674 |
|
Short Term borrowings |
43.411 |
41.000 |
51.900 |
|
Total
borrowings |
46.366 |
71.527 |
123.574 |
|
Debt/Equity
ratio |
0.397 |
0.462 |
0.738 |
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 |
137.041 |
282.923 |
141.988 |
|
|
|
106.451 |
(49.814) |
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
|
137.041 |
282.923 |
141.988 |
|
Profit |
2.613 |
3.763 |
0.029 |
|
|
1.91% |
1.33% |
0.02% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
Yes |
|
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 |
LITIGATION DETAILS
|
CALCUTTA HIGH COURT Case Status
: --- Status
of APPEAL FROM ORDER (APO) 360 of 2010 IN THE MATTER OF GEMUS
ENGINEERING LIMIT Vs.
STRESCON INDUSTRIES LIMITED Pet's Adv.
: L. P. MANOT & CO.
Res's
Adv.
: Court No.
: 13
Date of Disposal : Wednesday, August 11,
2010 Category : NO
CATEGORY MENTIONED Case Updated
on: Monday, August 30, 2010 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Loan from West
Bengal Industrial Development Corporation Limited |
1.666 |
2.500 |
|
Total |
1.666 |
2.500 |
Note: Interest free sales
tax loan sanctioned to the company by West Bengal Industrial Corporation
Limited. Rs.2.500 Millions repayable in the three equal installment after 10
year from the date of 1 disbursement.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
80038085 |
12/09/2013 * |
157,400,000.00 |
Central Bank of India |
Kolkata Main Branch, 33, Netaji Subhas Road, Kolkata, West Bengal - 700001, India |
B85302958 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
|
UK Pound |
1 |
Rs.94.02 |
|
Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--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 |
YES |
|
--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 |
|
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.