MIRA INFORM REPORT
|
Report No. : |
333927 |
|
Report Date : |
27.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRESTIGE METALLICS PRIVATE LIMITED (w.e.f 12.10.2009) |
|
|
|
|
Formerly Known
As : |
S. G. ALLOYS AND ISPAT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-8 and E-9, Loha Bazar, Ring Road No. 2, Hirapur, Raipur – 492001,
Chhattisgarh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.06.2009 |
|
|
|
|
Com. Reg. No.: |
10-021242 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.097 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100CT2009PTC021242 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JBPS07078B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AANCS1382B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of various Iron and steel products such as HR Sheets/Plates,
Special Quality Plates, Wire Road, Angles, Tubular Sections etc. |
|
|
|
|
No. of Employees
: |
33 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profitability of the company seems to be low during 2014. However,
general financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company 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 – 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 |
Fund based limit (cash credit) = B (Suspended) |
|
Rating Explanation |
Have risk - prone credit quality and carries
very high credit risk |
|
Date |
September 2014 |
Reason for suspension:
The Suspension follows ICRA’s inability to
carry out a rating surveillance in the absence of the requisite information
from the company.
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. Vishal Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9009491000 |
|
Date : |
25.07.2015 |
LOCATIONS
|
Registered Office/Warehouse : |
E-8 and E-9, Loha Bazar, Ring Road No. 2, Hirapur, Raipur – 492001,
Chhattisgarh, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9755821000 (Mr. Sanjesh Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location: |
Rented |
|
Locality: |
Industrial |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Vishal Gupta |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.: 316, Samta Colony, Raipur - 492001, Chhattisgarh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
22.02.1986 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.06.2009 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02665306 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Sanjesh Gupta |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
House No. 92, Park, Street No. 1, Near Dashara MAidan Choubey Colony,
Raipur – 492001, Chhattisgarh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
08.10.1987 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
22.06.2009 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02598654 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Vikas Gupta |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Plot No.: 316, Samta Colony, Raipur - 492001, Chhattisgarh, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
02.06.1987 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.09.2011 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
03115558 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sanjesh Gupta |
|
53000 |
|
Vishal Gupta |
|
43000 |
|
Guljari Lal Gupta |
|
67000 |
|
Anjula Gupta |
|
44000 |
|
Sangeeta Gupta |
|
168400 |
|
Vikash Gupta |
|
20000 |
|
Sajjan Kumar Gupta |
|
191500 |
|
Vedant Commodeal Private Limited, India |
|
35000 |
|
Newedge Vinimay Private Limited, India |
|
35000 |
|
Festino Vincom Private Limited, India |
|
30000 |
|
Unicon Tie-up Private Limited, India |
|
30000 |
|
Marina Commodeal Private Limited, India |
|
9000 |
|
Matrix Vintrade Private Limited, India |
|
9000 |
|
Prestige Power and Steel Private Limited, India |
|
380600 |
|
Guljari Lal Gupta (HUF) |
|
16000 |
|
Sajjan Kumar Gupta (HUF) |
|
10000 |
|
Shri Krishna Loha Ispat Private Limited, India |
|
368235 |
|
Total |
|
1509735 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
59.40 |
|
Directors or relatives of Directors |
40.60 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of various Iron and steel products such as HR Sheets/Plates,
Special Quality Plates, Wire Road, Angles, Tubular Sections etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Available |
PRODUCTION STATUS: Not Available
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers, End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
33 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Mahendra Kashyap and Company Chartered Accountants |
|
Address : |
Loha Bazar, Ring Road No. 2, Raipur, (C.G.) Chhattisgarh, India |
|
PAN No.: |
AEWPK4438G |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1550000 |
Equity Shares |
Rs.10/- each |
Rs.15.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1509735 |
Equity Shares |
Rs.10/- each |
Rs. 15.097 Million |
|
|
|
|
|
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 |
15.097 |
9.695 |
7.330 |
|
(b) Reserves &
Surplus |
113.879 |
69.832 |
48.490 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.600 |
|
Total Shareholders’ Funds
(1) + (2) |
128.976 |
79.527 |
56.420 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
169.413 |
172.055 |
166.899 |
|
(b) Trade payables |
131.913 |
98.417 |
94.549 |
|
(c) Other current
liabilities |
0.931 |
0.847 |
1.282 |
|
(d) Short-term provisions |
0.000 |
0.664 |
3.032 |
|
Total Current Liabilities
(4) |
302.257 |
271.983 |
265.762 |
|
|
|
|
|
|
TOTAL |
431.233 |
351.510 |
322.182 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.334 |
3.789 |
4.309 |
|
(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 |
1.370 |
1.370 |
1.370 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.251 |
0.296 |
0.248 |
|
(e) Other Non-current
assets |
0.000 |
0.012 |
0.024 |
|
Total Non-Current Assets |
2.955 |
5.467 |
5.951 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
118.763 |
112.439 |
109.098 |
|
(c) Trade receivables |
246.977 |
187.837 |
165.418 |
|
(d) Cash and cash
equivalents |
5.151 |
3.254 |
7.203 |
|
(e) Short-term loans and
advances |
57.387 |
42.513 |
34.512 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
428.278 |
346.043 |
316.231 |
|
|
|
|
|
|
TOTAL |
431.233 |
351.510 |
322.182 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
1211.553 |
1198.199 |
1010.077 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
1203.603 |
1188.896 |
1004.731 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
7.950 |
9.303 |
5.346 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.444 |
0.570 |
(0.695) |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
7.506 |
8.733 |
6.041 |
|
|
|
|
|
|
|
Less |
TAX |
2.573 |
2.764 |
1.985 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
4.933 |
5.969 |
4.056 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
3.27 |
3.95 |
2.69 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1350.000 |
Expected Sales (2015-2016) : Rs. 1500.000 Million
The above information has been parted by Mr. Vishal Gupta
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
N.A |
N.A |
N.A |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flow from operating activity |
7.506 |
8.733 |
6.041 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin |
(%) |
0.41 |
0.50 |
0.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.75 |
2.49 |
1.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.11 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.31 |
2.16 |
2.96 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.27 |
1.19 |
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 |
7.330 |
9.695 |
15.097 |
|
Reserves & Surplus |
48.490 |
69.832 |
113.879 |
|
Share Application money
pending allotment |
0.600 |
0.000 |
0.000 |
|
Net worth |
56.420 |
79.527 |
128.976 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
166.899 |
172.055 |
169.413 |
|
Total borrowings |
166.899 |
172.055 |
169.413 |
|
Debt/Equity ratio |
2.958 |
2.163 |
1.314 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1010.077 |
1198.199 |
1211.553 |
|
|
|
18.625 |
1.115 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1010.077 |
1198.199 |
1211.553 |
|
Profit |
4.056 |
5.969 |
4.933 |
|
|
0.40% |
0.50% |
0.41% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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 |
OPERATION AND FUTURE PROSPECTS
The Company has achieved a turnover and other receipts of Rs. 1211.553 Million and Net Profit after tax of Rs. 4.933 Million . The Company is committed to fulfill the demands of various customers. This will help to boost the sales of the Company. The Directors are hopeful to achieve the desired profits by better utilization of resources in the coming year.
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
0.419 |
0.636 |
|
Total |
0.419 |
0.636 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10495074 |
31/03/2014 |
227,000,000.00 |
ING VYSYA BANK LIMITED |
PLOT NO. 14,BESIDE JAI JAWAN PETROL PUMP, NEAR SHAHID BHAGAT SINGH SQUARE,CIVIL LINES, GE RD, RAIPUR, CHHATTISGARH - 492001, INDIA |
C04633111 |
* Date of charge modification
FIXED ASSETS
- Land
- Furniture and fixtures
- Vehicles
- Motor 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,
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. 69.89 |
|
|
1 |
Rs. 99.10 |
|
Euro |
1 |
Rs. 70.12 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
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 |
|
46 |
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.