MIRA INFORM REPORT
|
Report No. : |
303346 |
|
Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
DHANLAXMI BUILDER |
|
|
|
|
Registered
Office : |
L-35/04, Ambika Park, Village Lavachha, Taluka- Vapi, District Valsad
– 396193, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.12.2014 (9 Months) |
|
|
|
|
Date of
Incorporation : |
20.01.2010 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.27.080 Millions |
|
|
|
|
IEC No.: |
-- |
|
|
|
|
TIN No.: |
-- |
|
|
|
|
Com. Reg. No.: |
1381 DT. 22.02.2010 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHFD0400C |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Construction of Residential Building. |
|
|
|
|
No. of Employees
: |
7 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having a satisfactory
track record. The rating takes into consideration concern’s sound operational risk
profile marked by adequate financial base and fair profitability margins of
the concern. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern 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 – 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
Not Available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Suresh Kumar Modi |
|
Designation : |
Partner |
|
Contact No.: |
91-9328275480 |
|
Date : |
16.01.2015 |
LOCATIONS
|
Registered Office / Site : |
L-35/04, Ambika Park, Village Lavachha, Taluka- Vapi, District Valsad –
396193, Gujarat, India |
|
Tel. No.: |
91-260-2669941 |
|
Mobile No.: |
91-9328275480 (Mr. Suresh Kumar Modi) 91-9825134741 (Mr. Prafulla Ghosh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Suresh Kumar Modi |
|
Designation : |
Partner |
|
Address : |
A-3/11, Ambika Park, Lavachha, Taluka- Vapi, District – Valsad,
Gujarat, India |
|
Date of Birth/Age : |
14.07.1960 |
|
Qualification : |
B. Com |
|
Experience : |
32 Years |
|
PAN No.: |
ADBPM3437B |
|
|
|
|
Name : |
Mr. Prafulla P Ghosh |
|
Designation : |
Partner |
|
Address : |
Bungalow No.106, Ambika Park, Lavachha, Taluka- Vapi, District –
Valsad, Gujarat, India |
|
Date of Birth/Age : |
10.01.1969 |
|
Qualification : |
B. Com |
|
Experience : |
24 Years |
|
PAN No.: |
AEKPG4135L |
BUSINESS DETAILS
|
Line of Business : |
Construction of Residential Building. |
|
|
|
|
Brand Names : |
“DHANLAXMI
RESIDENCY” |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
PRODUCTION DETAILS:
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Residential Apartments |
168730 sq. ft. 233 Flats |
129440 sq. ft. 173 Flats (7
Buildings) |
GENERAL INFORMATION
|
Suppliers : |
·
Ambika Paints ·
Arihant Marble ·
Darshan Minerals ·
Dhaval Transline ·
Harshank Steel and Ceramics ·
Harsh Electricals ·
Mohit Plywood and Timer Traders ·
Panchratna Traders |
|
|
|
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
7 (Approximately) |
|
|
|
|
Bankers : |
· Dena Bank, Amli, Silvassa, Union Territory of Dadra and Nagar Haveli, India Tel. No.: 91-260-2640885 / 2643988 · Bank of Baroda, Lavachha Branch, Taluka-Vapi, Valsad, Gujarat, India Tel. No.: 91-260-2667700 |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shailendra Jain and Associates Chartered Accountants |
|
Address : |
42-43-44, Sahara Market, Near Reliance Petrol Pump, Vapi Silvassa
Road, Vapi – 396191, Gujarat, India |
|
Tel. No.: |
91-260-6543877 |
|
Mobile No.: |
91-9825198946 |
|
Fax No.: |
91-260-2422966 |
|
E-Mail : |
|
|
PAN No.: |
ABNPJ2331F |
|
|
|
|
Membership : |
-- |
|
|
|
|
Sister Concern : |
-- |
CAPITAL STRUCTURE
AS ON 31.12.2014
|
Capital Accounts |
Rs.
In Millions |
|
Prafulla P Ghosh |
6.662 |
|
S. K. Modi |
20.418 |
|
|
|
|
TOTAL |
27.080 |
AS ON 31.03.2014
Partner’s Capital
Accounts
(Rs. In Millions)
|
Partner’s Name |
Ratio |
Opening Balance 01.04.2013 |
Additions |
Drawings |
Interest on
Capital Allowed |
Remuneration |
Profit for the
year |
Closing Balance
31.03.2014 |
|
|
|
|
|
|
|
|
|
|
|
Suresh Kumar Modi |
75% |
6.162 |
18.231 |
4.861 |
1.459 |
0.350 |
0.551 |
21.892 |
|
Prafulla P Ghosh |
25% |
2.187 |
4.865 |
0.636 |
0.343 |
0.350 |
0.184 |
7.292 |
|
|
|
|
|
|
|
|
|
|
|
Total |
100% |
8.349 |
23.096 |
5.497 |
1.802 |
0.700 |
0.735 |
29.184 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2014 (9 Months) |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
|
1] Share Capital |
27.080 |
29.184 |
8.349 |
5.102 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
27.080 |
29.184 |
8.349 |
5.102 |
|
|
LOAN FUNDS |
|
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
2.846 |
|
|
2] Unsecured Loans |
10.192 |
4.528 |
15.569 |
10.871 |
|
|
TOTAL BORROWING |
10.192 |
4.528 |
15.569 |
13.717 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
37.272 |
33.712 |
23.918 |
18.819 |
|
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.748 |
0.688 |
0.574 |
0.019 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
|
Inventories |
66.053 |
51.683 |
36.141 |
29.573 |
|
|
Sundry Debtors |
1.689 |
0.421 |
0.000 |
0.259 |
|
|
Cash & Bank Balances |
2.377 |
2.072 |
2.581 |
1.582 |
|
|
Other Current Assets |
0.032 |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
66.053 |
0.758 |
2.301 |
0.533 |
|
Total
Current Assets |
70.602 |
54.934 |
41.023 |
31.947 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
|
Sundry Creditors |
17.692 |
0.000 |
0.000 |
0.000 |
|
|
Other Current Liabilities & Provisions |
8.798 |
21.910 |
17.679 |
13.147 |
|
Total
Current Liabilities |
26.490 |
21.910 |
17.679 |
13.147 |
|
|
Net Current Assets |
44.112 |
33.024 |
23.344 |
18.800 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) A/C |
(7.588) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
TOTAL |
37.272 |
33.712 |
23.918 |
18.819 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.12.2014 (9 Months) |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
|
|
19.970 |
|
|
|
Other Income |
|
|
0.000 |
|
|
|
TOTAL |
|
|
19.970 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
|
1.514 |
|
|
|
Labour Charges |
|
|
8.728 |
|
|
|
Consumable Store |
|
|
0.054 |
|
|
|
Tempo Freight |
|
|
0.017 |
|
|
|
Transportation |
|
|
0.346 |
|
|
|
Accounting Charges |
|
|
0.024 |
|
|
|
Bank Charges |
|
|
0.001 |
|
|
|
Donation |
|
|
0.021 |
|
|
|
Office Expenses |
|
|
0.020 |
|
|
|
Salary |
|
|
0.347 |
|
|
|
Site Expenses |
|
|
0.002 |
|
|
|
Staff Welfare |
|
|
0.009 |
|
|
|
Other Expenses |
|
|
1.299 |
|
|
|
TOTAL |
|
|
12.382 |
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
7.588 |
|
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Flat Sales & Related Income |
48.606 |
34.321 |
17.467 |
|
|
|
Other Income |
0.066 |
0.054 |
0.006 |
|
|
|
TOTAL |
48.672 |
34.375 |
17.473 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
39.869 |
22.828 |
19.506 |
|
|
|
Direct Expenses |
17.851 |
13.699 |
9.871 |
|
|
|
Administrative & Selling Overheads |
1.741 |
1.891 |
1.013 |
|
|
|
Increase / Decrease of Stock |
(15.542) |
(6.568) |
(13.965) |
|
|
|
TOTAL |
43.919 |
31.850 |
16.425 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST & DEPRECIATION |
4.753 |
2.525 |
1.048 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
1.384 |
0.066 |
0.007 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE DEPRECIATION |
3.369 |
2.459 |
1.041 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION |
0.132 |
0.069 |
0.019 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
3.237 |
2.390 |
1.022 |
|
The above information has been parted by Mr. Suresh Kumar Modi (Partner)
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
31.12.2014 (9 Months) |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
37.99 |
6.66 |
6.96 |
5.85 |
|
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
9.78 |
7.36 |
6.00 |
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
10.63 |
5.82 |
5.75 |
3.20 |
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.11 |
0.29 |
0.20 |
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.38 |
0.16 |
1.86 |
2.69 |
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.60 |
2.51 |
2.32 |
2.43 |
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 |
5.102 |
8.349 |
29.184 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
5.102 |
8.349 |
29.184 |
|
|
|
|
|
|
Secured Loans |
2.846 |
0.000 |
0.000 |
|
Unsecured Loans |
10.871 |
15.569 |
4.528 |
|
Total
borrowings |
13.717 |
15.569 |
4.528 |
|
Debt/Equity
ratio |
2.689 |
1.865 |
0.155 |
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 |
17.467 |
34.321 |
48.606 |
|
|
|
96.491 |
41.622 |
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
|
17.467 |
34.321 |
48.606 |
|
Profit |
1.022 |
2.390 |
3.237 |
|
|
5.85% |
6.96% |
6.66% |
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 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Dhansunkhbhai
Desai |
0.600 |
0.541 |
|
Rajesh Trivedi |
0.230 |
0.208 |
|
Saroj Modi |
2.829 |
4.925 |
|
Sunil Jain HUF |
0.869 |
0.785 |
|
Alkarani Agarwal |
0.000 |
2.750 |
|
B. N. Khandelia
and Sons |
0.000 |
0.900 |
|
Harsh Khandelia |
0.000 |
0.300 |
|
Kailashji
Khandelia |
0.000 |
1.800 |
|
K. K. Khandelia
and Sons |
0.000 |
1.100 |
|
Kuldeep Sharma |
0.000 |
0.600 |
|
Lalji Sahoo |
0.000 |
0.070 |
|
Puneet Sharma |
0.000 |
0.240 |
|
Renu Khandelia |
0.000 |
0.950 |
|
Sudesh Sharma |
0.000 |
0.400 |
|
|
|
|
|
Total |
4.528 |
15.569 |
TRADE REFERENCES:
|
Name : |
Shree Gopi Enterprise |
|
Address : |
Plot No-142, Bhadakmora, Sardar Chowk Road,
2nd Phase, GIDC, Vapi, Gujarat, India |
|
Mobile No.: |
91-9825111509 |
|
Person : |
Mr. Mansukh Bahi |
|
Name : |
Shree Madhav Steel Corporation |
|
Address : |
Plot No-142, Bhadakmora, Sardar Chowk Road,
2nd Phase, GIDC, Vapi, Gujarat, India |
|
Mobile No.: |
91-9825128509 |
|
Person : |
Mr. Navneet Bhai |
|
Name : |
Harshank Steel and Ceramics |
|
Address : |
9, Harshank Park, Bhilad-Sarigam Road,
Bhilad, Taluka-Umbergaon, Valsad, Gujarat, India |
|
Mobile No.: |
91-9825111295 |
|
Person : |
Mr. Lalit Bhai Gugolia |
|
Name : |
Nahar Logistic |
|
Address : |
11-A, Smit Shopping Centre, Above Hotel Plaza,
GIDC, Char Rasta, Vapi, Gujarat, India |
|
Mobile No.: |
91-9825143335 |
|
Person : |
Mr. Manoj Bhai Shah |
FIXED ASSETS:
· Computer
· Air Conditioner
· Office Equipment
· Office Furniture
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 records 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.61.70 |
|
|
1 |
Rs.93.41 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
45 |
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.