MIRA
INFORM REPORT
|
Report No. : |
331177 |
|
Report Date : |
09.07.2015 |
Note: Correct name of the company is “SHREE PRECOATED
STEELS LIMITED”.
IDENTIFICATION DETAILS
|
Name : |
SHREE PRECOATED
STEELS LIMITED |
|
|
|
|
Registered
Office : |
Rehman Building, 2nd Floor Mezzanine, 24 Veer Nariman Road,
Fort, Mumbai – 400001, Maharashtra |
|
Tel. No.: |
91-22-66984000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.09.2007 |
|
|
|
|
Com. Reg. No.: |
11-174206 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.828.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L70109MH2007PLC174206 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
The company engaged in the manufacturing, processing, trading of steel products and real estate business. |
|
|
|
|
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 |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated during the year 2007.
It has a moderate track record. For the financial year 2015, the company has healthy operational
performance and it has decent profitability margin.
However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. In view of moderate financial risk profile, 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
31-03-2013.
LOCATIONS
|
Registered Office : |
Rehman Building, 2nd Floor Mezzanine, 24 Veer Nariman Road,
Fort, Mumbai – 400001, Maharashtra, India |
|
Tel. No.: |
91-22-66984000 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Gat No 740, Pune Nagar Road, Sanewadi, Pune - 412208, Maharashtra, India |
DIRECTORS
As on 31.03.2014
|
Name : |
Shri Ishwarlal S Ajmera |
|
Designation : |
Chairmain and Managing Director |
|
|
|
|
Name : |
Shri Sanjay C Ajmera |
|
Designation : |
Managing Director |
|
Date of Birth/Age : |
20.11.1966 |
|
Qualification : |
MBA |
|
Experience : |
Industrialist having 20 years over all experience in various fields. |
|
Date of Appointment
: |
24.04.2012 |
|
|
|
|
Name : |
Shri Dhaval R Ajmera |
|
Designation : |
Director-Operations and Marketing |
|
|
|
|
Name : |
Shri Jagdish J Doshi |
|
Designation : |
Independent Director |
|
Date of Birth/Age : |
26.02.1931 |
|
Qualification : |
M. S. (Illinois), D. I. C. (London), B. E. (Hons.) Bombay, P. Eng. (Ontario, Canada), Consulting Engineer |
|
Experience : |
Involved in the development of Steel Industry for more than five decades. |
|
Date of Appointment
: |
13.05.2014 |
|
|
|
|
Name : |
Shri Ambalal C Patel |
|
Designation : |
Independent Director |
|
Date of Birth/Age : |
01.04.1944 |
|
Qualification : |
Bachelor of Engineering (Metallurgy) |
|
Experience : |
Over all 45 years’ experience in Metallurgy and Management |
|
Date of Appointment
: |
13.05.2014 |
|
|
|
|
Name : |
Shri Nilesh Sarvaiya |
|
Designation : |
Independent Director |
|
Date of Birth/Age : |
07.04.1969 |
|
Qualification : |
B.Com, DBM Mumbai |
|
Experience : |
Trading in Electrical Equipment |
|
Date of Appointment
: |
13.05.2014 |
|
|
|
|
Name : |
Smt. Aarti Ramani (Appointed w.e.f. 12th August, 2014) |
|
Designation : |
Independent Director |
|
Date of Birth/Age : |
12.08.1960 |
|
Qualification : |
Architech |
|
Experience : |
Having 26 years’ experience in environmental clearance |
|
Date of Appointment
: |
12.08.2014 |
SHAREHOLDING PATTERN
As on 31.03.2015
|
Category of Shareholder |
Total No. of Shares |
Total Shareholding as a % of Total No. of
Shares |
|
(A) Shareholding of
Promoter and Promoter Group |
||
|
|
|
|
|
|
44032362 |
53.18 |
|
|
8039906 |
9.71 |
|
|
52072268 |
62.89 |
|
|
|
|
|
Total shareholding
of Promoter and Promoter Group (A) |
52072268 |
62.89 |
|
(B) Public
Shareholding |
||
|
|
|
|
|
|
504 |
0.00 |
|
|
252 |
0.00 |
|
|
3781 |
0.00 |
|
|
4537 |
0.01 |
|
|
|
|
|
|
1617436 |
1.95 |
|
|
|
|
|
Individual shareholders holding nominal share capital up to Rs.0.100 Million |
8563928 |
10.34 |
|
Individual shareholders holding nominal share capital in excess of Rs.0.100 Million |
19454041 |
23.50 |
|
|
1085832 |
1.31 |
|
|
36009 |
0.04 |
|
|
1049823 |
1.27 |
|
|
30721237 |
37.10 |
|
Total Public
shareholding (B) |
30725774 |
37.11 |
|
Total (A)+(B) |
82798042 |
100.00 |
|
(C) Shares held by
Custodians and against which Depository Receipts have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
82798042 |
0.00 |
(1)
Indian
Individuals
/ Hindu Undivided Family
Clearing
Members
BUSINESS DETAILS
|
Line of Business : |
The company engaged in the manufacturing, processing, trading of steel products and real estate business. |
|
|
|
|
Products : |
Steel Products |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
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|
|
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Imports : |
Not Available |
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|
|
|
Terms : |
|
|
Selling : |
Not Available |
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|
|
|
Purchasing : |
Not Available |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
V. Parekh and Associates Chartered Accountants |
|
Address : |
37, Hamam Street, 2nd Floor, Fort, Mumbai –
400001, Maharashtra, India |
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|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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Associates : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
85000000 |
Equity Shares |
Rs.10/- each |
Rs.850.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
82798042 |
Equity Shares |
Rs.10/- each |
Rs.827.980 Million |
Reconciliation of
shares outstanding at the beginning and at the end of the reporting period
|
Equity shares |
Nos. |
Rs. In Million |
|
At the beginning of the year |
82798042 |
827.980 |
|
Issued during the year - Bonus |
--- |
--- |
|
Issued during the year - ESOP |
--- |
--- |
|
Outstanding at the end of the year |
82798042 |
827.980 |
Term/rights attached
to equity shares
The company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity share is entitled to one vote per share. The company declares and pays dividends in Indian rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting.
During the year ended 31st March, 2014, the amount of per share dividend recognized as distributions to equity shareholders was Rs. NIL (Previous year Rs. NIL).
As on 31.03.2015
Authorised Capital: Not Available
Issued, Subscribed & Paid-up Capital: Rs.828.000 Million
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
828.000 |
827.980 |
827.980 |
|
(b) Reserves &
Surplus |
(704.000) |
(823.272) |
(1127.564) |
|
(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) |
124.000 |
4.708 |
-299.584 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
153.800 |
150.000 |
536.144 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
58.600 |
53.348 |
116.812 |
|
(d) long-term provisions |
1.600 |
0.842 |
0.459 |
|
Total Non-current
Liabilities (3) |
214.000 |
204.190 |
653.415 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
45.100 |
54.315 |
59.584 |
|
(c) Other current
liabilities |
2.600 |
0.851 |
1.173 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
47.700 |
55.166 |
60.757 |
|
|
|
|
|
|
TOTAL |
385.700 |
264.064 |
414.588 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
8.600 |
0.360 |
1.047 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.036 |
0.036 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
147.015 |
|
Total Non-Current Assets |
8.600 |
0.396 |
148.098 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
111.700 |
155.439 |
29.694 |
|
(c) Trade receivables |
21.000 |
27.452 |
48.036 |
|
(d) Cash and cash equivalents |
1.400 |
28.584 |
4.456 |
|
(e) Short-term loans and
advances |
141.500 |
0.598 |
136.861 |
|
(f) Other current assets |
101.500 |
51.595 |
47.443 |
|
Total Current Assets |
377.100 |
263.668 |
266.490 |
|
|
|
|
|
|
TOTAL |
385.700 |
264.064 |
414.588 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
270.500 |
32.224 |
55.181 |
|
|
Other Income |
0.000 |
4.409 |
0.712 |
|
|
TOTAL |
270.500 |
36.633 |
55.893 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
30.800 |
44.051 |
44.240 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
175.000 |
(16.746) |
(6.289) |
|
|
Employees benefits
expense |
6.300 |
4.964 |
4.448 |
|
|
Extraordinary Items |
0.000 |
(303.447) |
0.000 |
|
|
Exceptional Items |
(65.000) |
0.000 |
0.000 |
|
|
Other expenses |
3.600 |
2.831 |
3.007 |
|
|
TOTAL |
150.700 |
(268.347) |
45.406 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
119.800 |
304.980 |
10.487 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
0.100 |
0.000 |
0.026 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
119.700 |
304.980 |
10.461 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.400 |
0.687 |
0.977 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
119.300 |
304.293 |
9.484 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
119.300 |
304.293 |
9.484 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.44 |
3.67 |
0.11 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from/(used in) operating activities |
NA |
410.272 |
(52.480) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
44.10 |
944.31 |
17.19 |
|
|
|
|
|
|
|
Operating Profit
Margin (PBDIT / Sales) |
(%) |
44.29 |
946.44 |
19.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
30.93 |
115.23 |
2.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.96 |
64.63 |
-0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.24 |
31.86 |
-1.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.91 |
4.78 |
4.39 |
STOCK
PRICES
|
Face Value |
Rs.10.00 /- each |
|
Market Value |
Rs.3.69 /- each |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
827.980 |
827.980 |
828.000 |
|
Reserves & Surplus |
(1127.564) |
(823.272) |
(704.000) |
|
Net worth |
(299.584) |
4.708 |
124.000 |
|
|
|
|
|
|
long-term borrowings |
536.144 |
150.000 |
153.800 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
536.144 |
150.000 |
153.800 |
|
Debt/Equity ratio |
(1.790) |
31.861 |
1.240 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
55.181 |
32.224 |
270.500 |
|
|
|
(41.603) |
739.436 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
55.181 |
32.224 |
270.500 |
|
Profit |
9.484 |
304.293 |
119.300 |
|
|
17.19% |
944.31% |
44.10% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---------------------- |
|
33 |
Market information |
---------------------- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
CORPORATE INFORMATION
(As on 31.03.2014)
Subject is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. Its shares are listed on one stock exchanges in India. The company engaged in the Manufacturing, Processing, Trading of Steel Products and Real Estate business.
FUTURE OUTLOOK (As on
31.03.2014)
In order to utilize their expertise and knowledge of the Management and the Company has explored various projects like trading in Steel commodities, undertaking construction contracts, trading in flats, trading in Development rights and so on. The Company has earned its income during the year from such projects. The Company may also enter into venture of redevelopment projects, if sound opportunity persists.
The Company’s Management has niche in real estate market since ages which is a boon to the Company and adds strength to the company’s performance. Expansion and entering into the construction contracts are most likely arena of the year.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
From Corporate Bodies |
NA |
150.000 |
|
Total |
NA |
150.000 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10308282 |
12/09/2011 |
150,000,000.00 |
AJMERA CEMENTS PRIVATE LIMITED |
19, STATION FLAT, GONDAL - 362248, Gujarat, INDIA |
B21550959 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Vehicles
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.63.56 |
|
|
1 |
Rs.98.22 |
|
Euro |
1 |
Rs.69.93 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
YES |
|
--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.