MIRA INFORM REPORT
|
Report No. : |
331325 |
|
Report Date : |
11.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
DINA IRON AND STEEL LIMITED (w.e.f. September 1993) |
|
|
|
|
Formerly Known
As : |
JM DINA ISPAT LIMITED |
|
|
|
|
Registered Office
: |
Abdul Rehmanpur Road, Didarganj, Patnacity, Patna City – 800009, Bihar |
|
Tel. No.: |
91-612-2216238 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 (Profit and Loss Account) |
|
|
|
|
Date of
Incorporation : |
15.07.1992 |
|
|
|
|
Com. Reg. No.: |
03-004967 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 67.298 Million (As on 31.03.2015) |
|
|
|
|
CIN No.: [Company Identification
No.] |
L27101BR1992PLC004967 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PTND01175G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD8205B |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
|
|
|
|
Line of Business
: |
Manufacture of Wire Rods, TMT Bars, M. S Billets. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 40000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company possesses a moderate financial profile marked by
acceptable networth base and working capital intensive nature of operations
along with steep deterioration in its cash balance. Taring further constraints on account of low profit margins in the
highly competitive and fragmented steel industry. However, trade relations seem to be fair. Business is active. Payment
terms are reported as slow but correct. In view of experienced promoters. The subject can be considered for
business dealings with 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
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BB- |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
08.05.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities =A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
08.05.2015 |
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.
INFORMATION DENIED
MANAGEMENT NON CO-OPERATIVE (91-612-2216238)
LOCATIONS
|
Registered Office/ Factory : |
Abdul Rehmanpur Road, Didarganj, Patnacity, Patna City – 800009,
Bihar, India |
|
Tel. No.: |
91-612-2216238 / 3264067 / 2648322 / 2617850 |
|
Fax No.: |
91-612-2617850 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
202, Rani Plaza, Exhibition Road, Patna – 800001, Bihar, India |
|
|
|
|
Branch Office : |
7, Premkunj, Civil Lines, Raipur – 492001, Chhattisgarh, India |
|
Tel. No.: |
91-612-2320912/ 2320455 |
|
Mobile No.: |
91-9431019121 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2014
|
Name : |
Mr. Sanjay Kumar Bhartiya |
|
Designation : |
Managing director |
|
Address : |
Rambagh (Jhauganj), Chowk, Patna City, Patna-800008, Bihar, India |
|
Date of Birth/Age : |
01.03.1970 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.07.1992 |
|
DIN No.: |
00164281 |
|
|
|
|
Name : |
Mr. Ranjeet Kumar Sinha |
|
Designation : |
Executive Vice President / Corporate Affairs and CFO |
|
|
|
|
|
|
|
Name : |
Ritu Bhartiya |
|
Designation : |
Director |
|
Address : |
313, N. P. Centre Dak Bunglow Road, Patna-800001, Bihar, India |
|
Date of Birth/Age : |
05.04.1975 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.12.2004 |
|
DIN No.: |
01321540 |
|
|
|
|
Name : |
Mr. Prashant Bhartiya |
|
Designation : |
Director |
|
Address : |
Langoor Gali, Hajiganj, Patnacity, Patna-800008, Bihar, India |
|
Date of Birth/Age : |
16.05.1981 |
|
Qualification : |
Post Graduate in Management from IIM Indore |
|
Date of Appointment : |
20.04.2006 |
|
DIN No.: |
00176330 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Category of
Shareholder |
Total No. of Shares |
Total Shareholding
as a % of Total No. of Shares |
|
As a % of (A+B+C) |
||
|
(A) Shareholding of Promoter and Promoter
Group |
||
|
|
|
|
|
|
1208500 |
17.72 |
|
|
805000 |
11.80 |
|
|
2013500 |
29.53 |
|
|
|
|
|
Total shareholding of Promoter and Promoter
Group (A) |
2013500 |
29.53 |
|
(B) Public Shareholding |
||
|
|
|
|
|
|
|
|
|
|
612600 |
8.98 |
|
|
|
|
|
|
2357800 |
34.57 |
|
|
1835600 |
26.92 |
|
|
4806000 |
70.47 |
|
Total Public shareholding (B) |
4806000 |
70.47 |
|
Total (A)+(B) |
6819500 |
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) |
6819500 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Wire Rods, TMT Bars, M. S Billets. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
|
Items |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
Ms. Wires Rods and Bars |
- |
Not Available |
Not Available |
-- |
GENERAL INFORMATION
|
Suppliers : |
|
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||||||||||||||||||||||||
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Customers : |
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||||||||||||||||||||||||
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||||||||||||||||||||||||
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No. of Employees : |
Information declined by the management
|
||||||||||||||||||||||||
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||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Subodh Goel and Company Chartered Accountants |
|
Address : |
202, Rani Plaza, Exhibition Road, Patna - 800001, Bihar, India |
|
Tel. No.: |
91-612-2320912/ 3955675 |
|
Mobile No.: |
91-9431019121/ 9827142061 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABBFS7371N |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates Company : |
|
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital: Not Available
Issued, Subscribed & Paid-up Capital: Not Available
AS ON 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9500000 |
Equity Shares |
Rs.10/- each |
Rs.95.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6819500 |
Equity Shares |
Rs.10/- each |
Rs. 68.195 Million |
|
896750 |
Less: Allotment Money
due |
|
Rs. 0.897 Million |
|
|
Total |
|
Rs. 67.298
Million |
RECONCILIATION OF
SHARE
|
Particular |
Equity share |
|
|
|
Number |
Amount |
|
Shares outstanding at the beginning of the year |
6819500 |
67.298 |
|
Shares issued during the year |
- |
- |
|
Shares bought bank during the year |
|
-- |
|
Shares outstanding at the end of the year |
6819500 |
67.298 |
LIST OF
SHAREHOLDERS HAVING 5% OR MORE SHARE
|
Name of Shareholders |
As on: 31.03.2014 |
|
|
|
No of share held |
% of holding |
|
Sanjay Bhartiya |
504100 |
7.39 |
|
Vijay Bhartiya |
652600 |
9.57 |
EQUITY SHARES WERE
ALLOTTED (PRECEEDING 5 YESRS) AS FULLY PAID UP OTHER THAN CASH
|
|
Year (Aggregate no. of shares) |
||||
|
Particular |
2013-14 |
2012-13 |
2011-12 |
2010-11 |
2009-10 |
|
Fully paid up pursuant to contract (s) without payment being received
in cash |
Nil |
Nil |
Nil |
Nil |
Nil |
|
Fully paid up by way of bonus shares |
Nil |
Nil |
Nil |
Nil |
Nil |
|
Shares bought back |
Nil |
Nil |
Nil |
Nil |
Nil |
UNPAID CALLS
|
Unpaid Calls |
Amount |
|
Director |
Nil |
|
Officer |
Nil |
DISCLOSURES
Appropriate
disclosures to comply with this point to be made by the management
- As per the meeting of the management there are no shares reserved for issue under option and contracts/ commitments of the sale of shares/ disinvestment including the terms and amounts
- There is no securities held for conversion into equity/ preference shares issued along with the earliest date of conversion in descending order starting from the farthest such date
- No forfeiture of shares has been taken place during the period which was originally paid up
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share
Capital |
|
67.298 |
67.297 |
|
(b) Reserves &
Surplus |
|
72.574 |
65.626 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
139.872 |
132.923 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
86.764 |
80.304 |
|
(b) Deferred tax
liabilities (Net) |
|
2.779 |
2.826 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
89.543 |
83.130 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
171.946 |
166.698 |
|
(b) Trade payables |
|
22.674 |
36.034 |
|
(c) Other current
liabilities |
|
8.163 |
37.292 |
|
(d) Short-term provisions |
|
9.938 |
18.131 |
|
Total Current Liabilities
(4) |
|
212.721 |
258.155 |
|
|
|
|
|
|
TOTAL |
|
442.136 |
474.208 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
40.611 |
52.859 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
32.782 |
29.297 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
2.150 |
2.150 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
26.808 |
26.907 |
|
(e) Other Non-current
assets |
|
2.000 |
2.000 |
|
Total Non-Current Assets |
|
104.351 |
113.213 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
80.064 |
144.064 |
|
(c) Trade receivables |
|
220.162 |
130.439 |
|
(d) Cash and cash
equivalents |
|
0.191 |
0.041 |
|
(e) Short-term loans and
advances |
|
67.343 |
86.402 |
|
(f) Other current assets |
|
0.025 |
0.049 |
|
Total Current Assets |
|
367.785 |
360.995 |
|
|
|
|
|
|
TOTAL |
|
472.136 |
474.208 |
Note: Balance sheet for the current year i.e. 20114-2015 is not
available. Profit and Loss Statement is Available.
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
982.275 |
1029.164 |
861.669 |
|
|
Other Income |
5.771 |
4.580 |
3.368 |
|
|
TOTAL (A) |
988.046 |
1033.744 |
865.037 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
713.579 |
656.101 |
694.252 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(20.114) |
84.506 |
(97.082) |
|
|
Employees benefits
expense |
4.326 |
4.785 |
4.969 |
|
|
Other expenses |
241.947 |
246.172 |
227.024 |
|
|
TOTAL (B) |
939.738 |
991.564 |
829.163 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
48.308 |
42.180 |
35.874 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
28.331 |
25.746 |
20.050 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
19.977 |
16.434 |
15.824 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.910 |
5.341 |
7.412 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
13.067 |
11.093 |
8.412 |
|
|
|
|
|
|
|
Less |
TAX (H) |
3.896 |
4.145 |
2.089 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
9.171 |
6.948 |
6.323 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.36 |
1.03 |
0.93 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
10.148 |
(51.133) |
|
Net Cash generated from operating Activities |
NA |
5.956 |
(53.945) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.93 |
0.68 |
0.73 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.92 |
4.10 |
4.16 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
2.54 |
1.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.08 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
NA |
1.85 |
1.86 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA |
1.73 |
1.40 |
STOCK
PRICES
|
Face Value |
Rs.10/- |
|
Market Value |
-- |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
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 |
861.669 |
1029.164 |
982.275 |
|
|
|
19.438 |
(4.556) |
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 |
861.669 |
1029.164 |
982.275 |
|
Profit |
6.323 |
6.948 |
9.171 |
|
|
0.73% |
0.68% |
0.93% |
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 |
Yes |
|
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 |
PERFORMANCE
The company has earned net profit of Rs.6.948
Million after tax during the year. The board expects better results in the
coming year
UNSECURED LOAN
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and Advances |
NA |
86.764 |
|
Total |
NA |
86.764 |
INDEX
OF CHARGES
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Factory Equipments
· Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.63.38 |
|
UK Pound |
1 |
Rs.97.65 |
|
Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
GTA |
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 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YESs |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.