MIRA INFORM REPORT
|
Report No. : |
323389 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KUNAL CALCIUM LIMITED (w. e. f. 27.10.2006) |
|
|
|
|
Formerly Known
as: |
KUNAL CALCIUM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
17-18F, D.A.V. Market, Opposite Madhu Hotel, Yamuna Nagar-135001,
Haryana |
|
Tel. No.: |
91-1732-222797 / 235797 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.07.1997 |
|
|
|
|
Com. Reg. No.: |
05-033655 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
44.946 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14107HR1997PLC033655 |
|
|
|
|
IEC No.: |
3305003511 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCK4507G |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
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Line of Business
: |
Manufacturer, Exporter and Supplier of precipitated calcium carbonate
applications in food industry, tooth paste industry, plastic Industry, paint
industry, adhesive and sealants, pharmaceuticals, etc. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 230000 |
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|
|
|
Status : |
Moderate |
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|
|
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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 moderate track. The management has reported a good increase in its turnover and
profitability during FY2014. It has average financial risk profile marked by
low net worth, adequate gearing and fair liquidity position. The company is
engaged into manufacturing and supplying of best quality of calcium carbonate
and has good customers such as Dabur India limited and Nestle India limited.
The company also exports to Sri Lanka and Bangladesh to name a few. Trade relations are fair. Business is active. Payment terms are slow
but correct. In the view of aforesaid, consider it 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Puneeet Nayyar |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9896391205 |
|
Date : |
21.05.2015 |
LOCATIONS
|
Registered Office : |
17-18F, D.A.V. Market, Opposite Madhu Hotel, Yamuna Nagar-135001,
Haryana, India |
|
Tel. No.: |
91-1732-222797 / 235797 |
|
Mobile No.: |
91-9896391205 (Mr. Puneeet Nayyar) |
|
Fax No.: |
91-1732-222796 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
|
Factory : |
Village Shahpur, P.O. Changnoulli, Jagadhari Road, Bilaspur, Yamuna
Nagar, Haryana, India |
|
|
|
|
Marketing Office : |
508, Laxmi Deep Building, Laxmi Nagar, District Centre, Vikas Marg,
Delhi-110092, India |
|
Tel. No.: |
91-11-22523499 |
|
Fax No.: |
91-11-42657091 |
DIRECTORS
AS ON: 30.09.2014
|
Name : |
Mr. Ashok Kumar Nayyar |
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|
Designation : |
Director |
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|
Address : |
69, Madhu Colony, Yamuna Nagar- 135001, Haryana, India |
|||||||||||||||||||||||||||
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Date of Birth/Age : |
19.02.1957 |
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Date of Appointment : |
16.07.1997 |
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DIN No.: |
01342805 |
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|
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|
Name : |
Mrs. Rajni Nayyar |
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Designation : |
Director |
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|
Address : |
69, Madhu Colony, Yamuna Nagar- 135001, Haryana, India |
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Date of Birth/Age : |
08.08.1963 |
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Date of Appointment : |
16.07.1997 |
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DIN No.: |
01338879 |
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Kunal Nayyar |
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|
Designation : |
Director |
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|
Address : |
69, Madhu Colony, Yamuna Nagar- 135001, Haryana, India |
|||||||||||||||||||||||||||
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Date of Birth/Age : |
21.01.1983 |
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Date of Appointment : |
16.07.1997 |
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DIN No.: |
00521119 |
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|
|||||||||||||||||||||||||||
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Name : |
Mrs. Geeta Nayyar |
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Designation : |
Director |
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|
Address : |
House No. 57, Ward-I, Madhu Colony, Yamuna Nagar-135001, Haryana,
India |
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|
Date of Appointment : |
01.10.2014 |
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DIN No.: |
02809854 |
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Other
Directorship:
|
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KEY EXECUTIVES
|
Name : |
Valakati Laxman |
|
Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kunal Nayyar |
|
69500 |
|
Puneet Nayyar |
|
12000 |
|
Anuj Nayyar |
|
12000 |
|
Pallavi Nayyar |
|
16000 |
|
Jagdish Kumar |
|
10000 |
|
Sanjeev Narang |
|
5000 |
|
Keshav Nayyar |
|
95175 |
|
Ashish Kohli |
|
20000 |
|
ML Nayyar |
|
5000 |
|
Munish Kumar |
|
20000 |
|
Prateek Mathur |
|
25000 |
|
Sushma Mathur |
|
25000 |
|
Sarita Bhandari |
|
94025 |
|
Ashok Nayyar |
|
3499900 |
|
Rajni Nayyar |
|
523019 |
|
Geeta Nayyar |
|
63000 |
|
|
|
|
|
Total |
|
4494619 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
96.00 |
|
Other top fifty shareholders |
4.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Supplier of precipitated calcium carbonate
applications in food industry, tooth paste industry, plastic Industry, paint
industry, adhesive and sealants, pharmaceuticals, etc. |
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|
|
|
Products : |
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|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Products |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
Vietnam |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users, OEM’s, and Manufacturer
|
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
S. Kaushal and Associates Chartered Accountants |
|
Address : |
9-10 First floor, Shivaji Market, Yamuna Nagar-135001, Haryana, India |
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PAN No.: |
ABVPK0986H |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON: 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4494619 |
Equity Shares |
Rs.10/- each |
Rs. 44.946
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 |
44.946 |
44.806 |
24.806 |
|
(b) Reserves &
Surplus |
37.902 |
38.179 |
28.844 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.140 |
0.274 |
|
Total Shareholders’ Funds
(1) + (2) |
82.848 |
83.125 |
53.924 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
71.002 |
61.529 |
69.845 |
|
(b) Deferred tax
liabilities (Net) |
1.311 |
1.402 |
1.673 |
|
(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) |
72.313 |
62.931 |
71.518 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short Term Borrowing |
41.032 |
26.181 |
22.760 |
|
(b) Trade payables |
38.309 |
25.910 |
11.464 |
|
(c) Other current
liabilities |
4.269 |
5.567 |
4.299 |
|
(d) Short-term provisions |
8.215 |
7.738 |
3.963 |
|
Total Current Liabilities
(4) |
91.825 |
65.396 |
42.486 |
|
|
|
|
|
|
TOTAL |
246.986 |
211.452 |
167.928 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
85.446 |
64.985 |
63.737 |
|
(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 |
1.091 |
1.013 |
1.777 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.281 |
1.261 |
1.276 |
|
(e) Other Non-current
assets |
1.296 |
2.067 |
0.913 |
|
Total Non-Current Assets |
89.114 |
69.326 |
67.703 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
44.583 |
46.162 |
28.670 |
|
(c) Trade receivables |
84.221 |
69.079 |
36.780 |
|
(d) Cash and cash
equivalents |
1.083 |
1.294 |
0.930 |
|
(e) Short-term loans and
advances |
27.985 |
25.591 |
33.845 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
157.872 |
142.126 |
100.225 |
|
|
|
|
|
|
TOTAL |
246.986 |
211.452 |
167.928 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
329.406 |
281.808 |
171.999 |
|
|
Other Income |
15.632 |
13.203 |
7.801 |
|
|
TOTAL (A) |
345.038 |
295.011 |
179.800 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
262.314 |
242.778 |
83.719 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
31.751 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.578 |
(17.491) |
15.790 |
|
|
Employees benefits
expense |
5.365 |
4.738 |
3.498 |
|
|
Other expenses |
39.232 |
32.277 |
18.244 |
|
|
TOTAL (B) |
308.489 |
262.302 |
153.002 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (A-B) (C) |
36.549 |
32.709 |
26.798 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
11.805 |
10.282 |
10.217 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
24.744 |
22.427 |
16.581 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.600 |
8.875 |
8.865 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
16.144 |
13.552 |
7.716 |
|
|
|
|
|
|
|
Less |
TAX (H) |
5.366 |
4.188 |
2.333 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
10.778 |
9.364 |
5.383 |
|
|
|
|
|
|
|
|
Foreign Exchange Earnings |
0.000 |
3.686 |
0.174 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
2.39 |
2.09 |
2.17 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
350.000 |
The above information has been parted by Mr. Puneet Nayyar (Chief
Executive Officer)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
3.27 |
3.32 |
3.13 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.10 |
11.61 |
15.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.57 |
6.44 |
4.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.16 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.35 |
1.06 |
1.72 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.72 |
2.17 |
2.36 |
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 |
24.806 |
44.806 |
44.946 |
|
Reserves & Surplus |
28.844 |
38.179 |
37.902 |
|
Share Application money pending allotment |
0.274 |
0.140 |
0.000 |
|
Net worth |
53.924 |
83.125 |
82.848 |
|
|
|
|
|
|
long-term borrowings |
69.845 |
61.529 |
71.002 |
|
Short term borrowings |
22.760 |
26.181 |
41.032 |
|
Total borrowings |
92.605 |
87.710 |
112.034 |
|
Debt/Equity ratio |
1.717 |
1.055 |
1.352 |
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) |
|
Revenue from Operations |
171.999 |
281.808 |
329.406 |
|
|
|
63.843 |
16.890 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
171.999 |
281.808 |
329.406 |
|
Profit |
5.383 |
9.364 |
10.778 |
|
|
3.13% |
3.32% |
3.27% |
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 456 A, Model Town, Yamuna Nagar-135001, Haryana, India to the present address (w .e. f. 15.10.2007)
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10107103 |
26/07/2014 * |
93,568,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG,
LOWER PAREL (WEST) , MUMBAI,
MAHARASHTRA - 400013, INDIA |
C16242927 |
|
2 |
10097511 |
25/07/2014 * |
93,568,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL (WEST) , MUMBAI, MAHARASHTRA - 400013,
INDIA |
C16243404 |
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. 63.85 |
|
UK Pound |
1 |
Rs. 98.12 |
|
Euro |
1 |
Rs. 71.28 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
THR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
35 |
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.