MIRA INFORM REPORT
|
Report No. : |
332312 |
|
Report Date : |
17.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
VISHVA-VISHAL ENGINEERING LIMITED |
|
|
|
|
Registered
Office : |
31, Maker Chambers III, 3rd Floor, Nariman Point, Mumbai –
400021, |
|
Tel. No.: |
91-22-22831724 |
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|
|
Country : |
India |
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|
|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.10.1985 |
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Com. Reg. No.: |
11-035656 |
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Capital
Investment / Paid-up Capital : |
Rs. 25.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L28920MH1985PLC035656 |
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|
|
|
IEC No.: |
1193001251 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMV11365E |
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|
|
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PAN No.: [Permanent Account No.] |
AAACV1290N |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturer of Refractories. |
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|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There seems dip in the turnover and profit of the company during the FY
2014. However, general financial position of the company seems to be decent. Trade relation reported to be fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered for business dealing at usual trade
terms and conditions. NOTE : Subject is not traded on BSE in the last 30 days. |
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 |
ICRA |
|
Rating |
Cash credit limit : BBB- |
|
Rating Explanation |
Have moderate degree of safety and moderate
credit risk. |
|
Date |
May, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non fund based limits: A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
May, 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 PARTED BY
|
Name : |
Mr. Salil Verma |
|
Designation : |
General Manager in Finance |
|
Contact No.: |
91-9329021259 |
|
Date : |
15.07.2015 |
LOCATIONS
|
Registered Office : |
31, Maker Chambers III, 3rd Floor, Nariman Point, Mumbai –
400021, Maharashtra, India |
|
Tel. No.: |
91-22-22831724 / 22844208 / 22043647 / 22871331 |
|
Mobile No.: |
91-9329021259 (Mr. Salil Verma) |
|
Fax No.: |
91-22-22873611 |
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E-Mail : |
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|
Website : |
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|
Area : |
2000 Sq. ft. |
|
Location : |
Owned [Commercial] |
|
|
|
|
Corporate/ Head Office/ Factory : |
4/5 Industrial Estate, |
|
Tel. No.: |
91-788-285101 /02 / 91-788-4088600 / 400 / 633 / 4082922 |
|
Fax No.: |
91-788-285103 / 381141 |
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E-Mail : |
|
|
Area : |
2.5 Acers |
|
Location : |
Leased |
DIRECTORS
AS ON: 29.09.2014
|
Name : |
Mr. Arvind Kumar Jain |
|
Designation : |
Director |
|
Address : |
43, Nehru Nagar, Bhilai – 490020, Chhattisgarh, India |
|
Date of Birth/Age : |
31.10.1946 |
|
Qualification : |
B.E. (CIVIL) |
|
Date of Appointment : |
14.01.1994 |
|
DIN No.: |
00207106 |
|
|
|
|
Name : |
Mr. Rajeev Jain |
|
Designation : |
Director |
|
Address : |
14/3, Nehru Nagar (East), Durg Bhilai-490020, Chhattisgarh, India |
|
Date of Birth/Age : |
23.02.1960 |
|
Qualification : |
B.E., M.B.A. |
|
Date of Appointment : |
14.02.1987 |
|
DIN No.: |
00327831 |
|
|
|
|
Name : |
Mr. Ashish Jain |
|
Designation : |
Director |
|
Address : |
43, Nehru Nagar, Bhilai – 490020, Chhattisgarh, India |
|
Date of Birth/Age : |
27.02.1976 |
|
Qualification : |
MBA from USA |
|
Date of Appointment : |
27.03.2007 |
|
DIN No.: |
00207048 |
KEY EXECUTIVES
|
Name : |
Mr. Salil Verma |
|
Designation : |
General Manager in Finance |
|
Name : |
Mr. Hardeep Singh |
|
Designation : |
Senior Account Manager |
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 |
|
|
||
|
(A) Shareholding of
Promoter and Promoter Group |
||
|
|
|
|
|
|
2208320 |
88.33 |
|
|
291680 |
11.67 |
|
|
291680 |
11.67 |
|
|
2500000 |
100.00 |
|
|
|
|
|
Total shareholding of
Promoter and Promoter Group (A) |
2500000 |
100.00 |
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|
(B) Public Shareholding |
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Total (A)+(B) |
2500000 |
100.00 |
|
(C) Shares held by Custodians
and against which Depository Receipts have been issued |
|
|
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
|
|
|
Total (A)+(B)+(C) |
2500000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Refractories. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Taunk and Srikanth Chartered Accountants |
|
Address : |
11, Commercial Complex, Nehru Nagar (East), Bhilai - 490020, |
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PAN No.: |
AABFN9360K |
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Company controlled
by Directors/relatives are [AS ON 31.03.2013]
: |
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Associate concerns [AS ON 31.03.2013]: |
Dreams (proprietary concern) |
CAPITAL STRUCTURE
AS ON: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs. 25.000
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
25.000 |
25.000 |
25.000 |
|
(b) Reserves & Surplus |
385.201 |
364.362 |
321.229 |
|
(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) |
410.201 |
389.362 |
346.229 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
0.000 |
15.286 |
11.177 |
|
(b) Deferred tax liabilities (Net) |
19.199 |
17.153 |
17.165 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
19.199 |
32.439 |
28.342 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
36.371 |
86.125 |
67.402 |
|
(b) Trade payables |
45.957 |
80.450 |
44.761 |
|
(c) Other current
liabilities |
28.806 |
59.349 |
39.794 |
|
(d) Short-term
provisions |
7.153 |
0.009 |
0.057 |
|
Total Current
Liabilities (4) |
118.287 |
225.933 |
152.014 |
|
|
|
|
|
|
TOTAL |
547.687 |
647.734 |
526.585 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
131.406 |
237.159 |
209.750 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.794 |
0.715 |
0.047 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
13.161 |
9.161 |
9.161 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.304 |
10.074 |
6.185 |
|
(e) Other
Non-current assets |
18.665 |
32.847 |
5.510 |
|
Total Non-Current
Assets |
169.330 |
289.956 |
230.653 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
86.193 |
139.012 |
136.903 |
|
(c) Trade receivables |
258.128 |
199.877 |
140.999 |
|
(d) Cash and cash
equivalents |
3.399 |
3.263 |
2.196 |
|
(e) Short-term loans
and advances |
30.179 |
15.360 |
15.758 |
|
(f) Other current
assets |
0.458 |
0.266 |
0.076 |
|
Total Current Assets |
378.357 |
357.778 |
295.932 |
|
|
|
|
|
|
TOTAL |
547.687 |
647.734 |
526.585 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
630.489 |
837.116 |
718.664 |
|
|
|
Other Income |
33.045 |
23.137 |
24.355 |
|
|
|
TOTAL (A) |
663.534 |
860.253 |
743.019 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
430.740 |
637.005 |
560.939 |
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
40.469 |
(20.200) |
(37.442) |
|
|
|
Employee benefit expense |
42.652 |
31.603 |
24.909 |
|
|
|
Other expenses |
71.386 |
107.493 |
94.112 |
|
|
|
TOTAL (B) |
585.247 |
755.901 |
642.518 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
78.287 |
104.352 |
100.501 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.793 |
11.826 |
7.251 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
66.494 |
92.526 |
93.250 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
27.409 |
29.867 |
27.030 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
39.085 |
62.659 |
66.220 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
18.245 |
19.526 |
19.226 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
20.840 |
43.133 |
46.994 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
NA |
18.931 |
2.383 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
80.543 |
71.107 |
|
|
TOTAL IMPORTS |
NA |
80.543 |
71.107 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.34 |
17.25 |
18.79 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
560.000 |
Expected Sales ( 2015-2016 ) : Rs.600.000
The above information has been parted by Mr. Salil Verma
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
6.384 |
6.384 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
NA |
25.093 |
(24.538) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
3.31 |
5.15 |
6.54 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
12.42 |
12.47 |
13.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.32 |
9.82 |
12.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.16 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.09 |
0.26 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.20 |
1.58 |
1.95 |
STOCK
PRICES
|
Face Value |
Rs.10.00/- |
Note :Subject is not traded on BSE in the last 30 days
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
25.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
321.229 |
364.362 |
385.201 |
|
Net worth |
346.229 |
389.362 |
410.201 |
|
|
|
|
|
|
long-term borrowings |
11.177 |
15.286 |
0.000 |
|
Short term borrowings |
67.402 |
86.125 |
36.371 |
|
Total borrowings |
78.579 |
101.411 |
36.371 |
|
Debt/Equity ratio |
0.227 |
0.260 |
0.089 |
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 |
718.664 |
837.116 |
630.489 |
|
|
|
16.482 |
(24.683) |
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 |
718.664 |
837.116 |
630.489 |
|
Profit |
46.994 |
43.133 |
20.840 |
|
|
6.54% |
5.15% |
3.31% |
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 |
Yes |
|
5 |
Buyer visit details |
--- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
No |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10336415 |
24/12/2011 |
26,600,000.00 |
SYNDICATE BANK |
MAURYA PICTURES COMPLEX,, G. E. ROAD,, BHILAI, CH |
B32493934 |
|
2 |
10129498 |
07/11/2008 |
40,000,000.00 |
SYNDICATE BANK |
MAURYA CINEMA COMPLEX, G.E.ROAD, BHILAI, CHHATTIS |
A50301431 |
|
3 |
10098433 |
09/01/2012 * |
93,000,000.00 |
SYNDICATE BANK |
MAURYA PICTURES COMPLEX,, G. E. ROAD,, BHILAI, CH |
B32507162 |
|
4 |
90215418 |
06/01/2003 * |
64,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, SECTOR 1, BHILAI, MADHYA PRADE |
- |
* Date of charge modification
FIXED ASSETS
- Freehold Land
- Leasehold Land
- Office
Building
- Factory
Building
- Plant and Machinery
- Office Equipment
- Computer
Equipments
- Furniture and
Fixture
- Motor
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 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. 63.49 |
|
|
1 |
Rs. 99.17 |
|
Euro |
1 |
Rs. 69.39 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.