MIRA INFORM REPORT
|
Report No. : |
325799 |
|
Report Date : |
03.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
LASER CABLES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4A, Pollock Street, 3rd Floor, Kolkata – 700001, West
Bengal |
|
Tel. No.: |
91-33-22829201 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.01.1988 |
|
|
|
|
Com. Reg. No.: |
21-043591 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.52.373
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14220WB1988PTC043591 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALL01275B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACL4776D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of LT Power Cable and Conductors. |
|
|
|
|
No. of Employees
: |
800 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
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 company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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 |
CRISIL |
|
Rating |
Long term rating=BBB |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
09.12.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
09.12.2014 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Devendra Goel |
|
Designation : |
Director |
|
Contact No.: |
91-9830057505 |
|
Date : |
03.06.2015 |
LOCATIONS
|
Registered Office : |
4A, Pollock Street, 3rd Floor, Kolkata – 700001, West
Bengal, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
Room No. 5A, 5th Floor, Kolkata – 700017, West Bengal,
India |
|
Tel. No.: |
91-33-22829201 |
|
Fax No.: |
91-33-22829206 |
|
|
|
|
Factory : |
P.S. Domjur, Howrah-711411, West Bengal, India |
|
Tel No.: |
91-33-22829201/65290333 |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Deepak Goel |
|
Designation : |
Director |
|
Address : |
4, Alipore Park Palace, Kolkata-700027, West Bengal, India |
|
Date of Birth/Age : |
20.02.1969 |
|
Date of Appointment : |
17.01.1988 |
|
Din No.: |
00673430 |
|
|
|
|
Name : |
Mr. Devendra Goel |
|
Designation : |
Director |
|
Address : |
4, Alipore Park Palace, Kolkata-700027, West Bengal, India |
|
Date of Birth/Age : |
21.10.1972 |
|
Date of Appointment : |
01.06.1993 |
|
Din No.: |
00673447 |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
SHAREHOLDER DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
82.65 |
|
Directors or relatives of Directors |
15.67 |
|
Others |
1.68 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of LT Power Cable and Conductors. |
|
|
|
|
Products : |
·
LT Cable ·
Conductors |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
·
Kenia ·
South Africa ·
Tokyo |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Dubai ·
Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Customers : |
·
Tata Steel Limited, Kalinganagar ·
West Bengal State Electricity Board |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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No. of Employees : |
800 (Approximately) |
||||||||||||||||||||||||
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Bankers : |
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||||||||||||||||||||||||
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||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
SDP and Associates Chartered Accountants |
|
Address : |
46C, Chowringhee Road, Everest House, Flat No. 14 G, Kolkata-700071,
West Bengal, India |
|
PAN No.: |
AARFS4093A |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associate : |
Jalsagar Sales Agency Private Limited |
|
|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
Lumino Industries Limited |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8500000 |
Equity Shares |
Rs.100/- each |
Rs.85.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
523731 |
Equity Shares |
Rs.100/-
each |
Rs.52.373
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 |
52.373 |
49.013 |
49.013 |
|
(b) Reserves & Surplus |
476.008 |
424.099 |
404.367 |
|
(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) |
528.381 |
473.112 |
453.380 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
33.663 |
16.632 |
54.998 |
|
(b) Deferred tax liabilities (Net) |
9.658 |
7.235 |
5.428 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.651 |
0.525 |
0.469 |
|
Total Non-current
Liabilities (3) |
43.972 |
24.392 |
60.895 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
230.038 |
292.435 |
37.773 |
|
(b) Trade
payables |
569.920 |
152.546 |
254.481 |
|
(c) Other
current liabilities |
240.220 |
63.579 |
18.095 |
|
(d) Short-term
provisions |
5.185 |
3.298 |
9.929 |
|
Total Current
Liabilities (4) |
1045.363 |
511.858 |
320.278 |
|
|
|
|
|
|
TOTAL |
1617.716 |
1009.362 |
834.553 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
197.807 |
167.570 |
142.560 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
4.457 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
72.110 |
72.110 |
71.610 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.531 |
9.985 |
4.238 |
|
(e) Other
Non-current assets |
1.360 |
19.513 |
0.000 |
|
Total Non-Current
Assets |
280.265 |
269.178 |
218.408 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
100.734 |
0.000 |
0.000 |
|
(b)
Inventories |
406.955 |
114.160 |
82.542 |
|
(c) Trade
receivables |
686.994 |
311.518 |
343.875 |
|
(d) Cash
and cash equivalents |
62.627 |
33.074 |
133.597 |
|
(e)
Short-term loans and advances |
80.141 |
244.326 |
56.131 |
|
(f) Other
current assets |
0.000 |
37.106 |
0.000 |
|
Total
Current Assets |
1337.451 |
740.184 |
616.145 |
|
|
|
|
|
|
TOTAL |
1617.716 |
1009.362 |
834.553 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income From Operations [Gross] |
1437.671 |
1168.967 |
1916.881 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
108.072 |
81.348 |
98.765 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
47.281 |
33.050 |
44.949 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
60.791 |
48.298 |
53.816 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
24.074 |
18.361 |
17.158 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
36.717 |
29.937 |
36.658 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.528 |
10.205 |
12.863 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
24.189 |
19.732 |
23.795 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
46.19 |
40.25 |
48.55 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1750.000 |
The above information has been parted by
Mr. Varun Mundra (Finance Head)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
10.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets) |
(%) |
2.38 |
3.19 |
4.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.06 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.52 |
0.65 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.45 |
1.92 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
49.013 |
49.013 |
52.373 |
|
Reserves & Surplus |
404.367 |
424.099 |
476.008 |
|
Net
worth |
453.380 |
473.112 |
528.381 |
|
|
|
|
|
|
long-term borrowings |
54.998 |
16.632 |
33.663 |
|
Short term borrowings |
37.773 |
292.435 |
230.038 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
10.000 |
|
Total
borrowings |
92.771 |
309.067 |
273.701 |
|
Debt/Equity
ratio |
0.205 |
0.653 |
0.518 |
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 |
|
Income From Operations [Gross] |
1916.881 |
1168.967 |
1437.671 |
|
|
|
(39.017) |
22.986 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Income From Operations [Gross] |
1916.881 |
1168.967 |
1437.671 |
|
Profit |
23.795 |
19.732 |
24.189 |
|
|
1.24% |
1.69% |
1.68% |
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) |
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 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 |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Other loans and
advances |
12.023 |
16.632 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Loans and
advances from related parties |
15.517 |
2.430 |
|
Other loans and
advances |
0.000 |
0.420 |
|
|
|
|
|
Total |
27.540 |
19.482 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10248131 |
23/10/2010 |
529,500,000.00 |
ANDHRA
BANK |
KOLKATA
MAIN BRANCH, 14/1B, EZRA STREET, KOLKATA, WEST BENGAL - 700001, INDIA |
A98186810 |
|
2 |
10225331 |
15/01/2011
* |
3,530,000,000.00 |
CANARA
BANK(LEAD BANK) |
PRIME
CORPORATE BRANCH, BELLS HOUSE,, 21 CAMAC STREET, GROUND FLOOR, KOLKATA, WEST
BENGAL - 700016, INDIA |
B05444336 |
|
3 |
10161560 |
23/10/2010
* |
529,500,000.00 |
ANDHRA
BANK |
KOLKATA
MAIN BRANCH, 14/1B, EZRA STREET, KOLKATA, WEST BENGAL - 700001, INDIA |
A98185408 |
|
4 |
10109820 |
15/01/2011
* |
3,530,000,000.00 |
CANARA
BANK(LEAD BANK) |
PRIME
CORPORATE BRANCH, BELLS HOUSE,, 21 CAMAC STREET, GROUND FLOOR, KOLKATA, WEST
BENGAL - 700016, INDIA |
B05443205 |
|
5 |
10038861 |
04/06/2013
* |
249,500,000.00 |
BANK
OF BARODA |
ALIPORE
BRANCH, 38/1E GOPAL NAGAR ROAD, KOLKATA, WEST BENGAL - 700027, INDIA |
B80605074 |
|
6 |
90254070 |
11/11/2003
* |
10,000,000.00 |
CANARA
BANK |
SSI
BRANCH 5/1; A.J.C. BOSE RD., KOLKATA, WEST BENGAL - 700020, INDIA |
- |
|
7 |
90255069 |
15/06/2005
* |
10,000,000.00 |
CANARA
BANK |
SSI
BRANCH 5/1; A.J.C. BOSE RD., KOLKATA, WEST BENGAL - 700020, INDIA |
- |
|
8 |
80018605 |
03/06/2013
* |
687,000,000.00 |
CANARA
BANK (LEAD BANK) |
PRIME
CORPORATE BRANCH, BELLS HOUSE, GROUND FLOOR, 21 CAMAC STREET, KOLKATA, WEST
BENGAL - 700016, INDIA |
B77411189 |
*Date of modification Charges
FIXED ASSETS:
·
Computer and Printer
·
Eclectic Installation
·
Factory Shed
·
Furniture and Fixture
·
Office Equipments
·
Motor Car and Bike
·
Plant and Machinery
·
Land
·
Building
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.63.83 |
|
|
1 |
Rs.97.10 |
|
Euro |
1 |
Rs.69.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
|
--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 |
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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.