MIRA INFORM REPORT
|
Report No. : |
324603 |
|
Report Date : |
05.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MICRO FOOTWEARS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-2, Udyog Nagar, Near Miya Wali Nagar, New Delhi – 110 041 |
|
Tel. No.: |
91-11-42888222 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
21.02.1994 |
|
|
|
|
Com. Reg. No.: |
55-057510 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.431 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1994PTC057510 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELM20142D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM7499L AAASM9876N |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing and Importing of PVC Compound and Footwear. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 230000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track record. The rating reflects company’s moderate financial risk profile marked by
low reserves level and increased in the borrowings of the company during FY
2014. However, trade relation are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealing 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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Rajkumar Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9810010069 |
|
Date : |
28.05.2015 |
LOCATIONS
|
Registered Office/ Factory : |
C-2, Udyog Nagar, Near Miya Wali Nagar, New Delhi – 110 041, India |
|
Tel. No.: |
91-11-42888222/ 42888220 |
|
Mobile No.: |
91-9810010069 (Mr. Rajkumar Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Head Office : |
G-9, Udyog Nagar Rohtak Rood, Delhi – 110 041, India |
|
Tel No.: |
91-11-42888222 |
|
Fax No.: |
91-11-42888222 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rajkumar Gupta |
|
Designation : |
Director |
|
Address : |
15/17, East PunjabI Bagh, New Delhi – 110 026, India |
|
Date of Birth/Age : |
15.08.1959 |
|
Date of Appointment : |
21.02.1994 |
|
DIN No. : |
00011982 |
|
PAN No.: |
AAAPG7110K |
|
|
|
|
Name : |
Mr. Vishesh Aggarwal |
|
Designation : |
Director |
|
Address : |
15/17, East PunjabI Bagh, New Delhi – 110 026, India |
|
Date of Appointment : |
08.03.2013 |
|
DIN No. : |
02059028 |
|
PAN No.: |
AFUPA9213L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Naresh Kumar Agarwal |
|
23210 |
|
Usha Devi |
|
20350 |
|
Rajkumar Gupta |
|
421500 |
|
Asha Devi |
|
412000 |
|
Varun Aggarwal |
|
350000 |
|
Vishesh Aggarwal |
|
412000 |
|
Sanchit Aggarwal |
|
412000 |
|
Ajay Aggarwal |
|
412000 |
|
Amit Aggarwal |
|
412000 |
|
Urmil Aggarwal |
|
412000 |
|
Nand Kishor Aggarwal |
|
414000 |
|
Rajkumar Gupta (HUF) |
|
412000 |
|
Shalu Aggarwal |
|
414650 |
|
Aashi Aggarwal |
|
415350 |
|
Total |
|
4943060 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Importing of PVC Compound and Footwear. |
|
|
|
|
Products : |
PVC Compound and Footwear |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
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Exports : |
Not Available |
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Imports : |
|
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Products : |
Raw Materials |
|
Countries : |
China |
|
|
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Terms : |
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Selling : |
Cash, Advance Payment and Credit |
|
|
|
|
Purchasing : |
Cash, Advance Payment and Credit
|
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
40 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Bankers : |
Small
Industries Development Bank of India, E-1, Videocon Tower, Jhandewalan Extension,
Delhi – 110 055, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
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Facilities : |
|
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Brijendra and company Chartered Accountants |
|
Address : |
76, Darya Ganj, New Delhi – 110 002, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFB0949H |
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|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
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Sister Concern (As confirmed by the Management) : |
Micro Industrial Corporation |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8500000 |
Equity Shares |
Rs.10/- each |
Rs.85.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4943060 |
Equity Shares |
Rs.10/- each |
Rs.49.431 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 |
49.431 |
49.431 |
0.451 |
|
(b) Reserves & Surplus |
31.074 |
13.815 |
(2.095) |
|
(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) |
80.505 |
63.246 |
(1.644) |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
43.548 |
7.816 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.128 |
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) |
43.548 |
7.944 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
213.655 |
112.507 |
70.826 |
|
(b) Trade payables |
179.025 |
154.274 |
145.397 |
|
(c) Other current liabilities |
28.557 |
7.525 |
62.522 |
|
(d) Short-term provisions |
19.853 |
9.504 |
1.641 |
|
Total Current Liabilities (4) |
441.090 |
283.810 |
280.386 |
|
|
|
|
|
|
TOTAL |
565.143 |
355.000 |
278.742 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
28.815 |
32.462 |
20.105 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.570 |
0.570 |
0.570 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
25.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.606 |
0.000 |
0.000 |
|
(d)
Long-term Loan and Advances |
0.000 |
25.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
54.991 |
58.032 |
20.675 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
195.721 |
127.432 |
82.486 |
|
(c) Trade receivables |
209.086 |
99.677 |
76.383 |
|
(d) Cash and cash equivalents |
15.386 |
16.356 |
25.599 |
|
(e) Short-term loans and advances |
89.959 |
53.503 |
73.599 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
510.152 |
296.968 |
258.067 |
|
|
|
|
|
|
TOTAL |
565.143 |
355.000 |
278.742 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1080.365 |
656.661 |
314.851 |
|
|
|
Other Income |
1.716 |
1.984 |
1.614 |
|
|
|
TOTAL |
1082.081 |
658.645 |
316.465 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1024.274 |
614.990 |
303.763 |
|
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
57.807 |
43.655 |
12.702 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST &
FINANCIAL EXPENSES |
27.284 |
19.186 |
7.618 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
30.523 |
24.469 |
5.084 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.647 |
0.570 |
0.469 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
26.876 |
23.899 |
4.615 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
9.617 |
7.990 |
1.663 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
17.259 |
15.909 |
2.952 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
13.815 |
(2.094) |
(5.046) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
31.074 |
13.815 |
(2.094) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Trading Materials |
458.034 |
413.152 |
NA |
|
|
TOTAL IMPORTS |
458.034 |
413.152 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
3.49 |
3.22 |
0.60 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1200.000 |
|
|
|
|
|
The above information has been parted by Mr. Rajkumar Gupta (Director).
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) |
(%) |
1.60 |
2.42 |
0.94 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.35 |
6.65 |
4.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.99 |
6.74 |
1.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33 |
0.38 |
(2.81) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.19 |
1.90 |
(43.08) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.05 |
0.92 |
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 |
0.451 |
49.431 |
49.431 |
|
Reserves & Surplus |
(2.095) |
13.815 |
31.074 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
(1.644) |
63.246 |
80.505 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
7.816 |
43.548 |
|
Short term borrowings |
70.826 |
112.507 |
213.655 |
|
Total borrowings |
70.826 |
120.323 |
257.203 |
|
Debt/Equity ratio |
(43.082) |
1.902 |
3.195 |
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) |
|
Sales |
314.851 |
656.661 |
1080.365 |
|
|
|
108.562 |
64.524 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
314.851 |
656.661 |
1080.365 |
|
Profit |
2.952 |
15.909 |
17.259 |
|
|
0.94% |
2.42% |
1.60% |
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 |
Yes |
|
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 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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from directors |
0.020 |
1.660 |
|
Loans and advances from others |
1.440 |
1.590 |
|
Total |
1.460 |
3.250 |
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10531333 |
20/10/2014 |
98,800,000.00 |
SMALL INDUSTRIES DEVELOPMENT
BANK OF INDIA |
E-1, VIDEOCON TOWER,
JHANDEWALAN EXTENSION, DELHI, DELHI, DELHI - 110055, INDIA |
C33632852 |
|
2 |
10309312 |
31/03/2014 * |
425,000,000.00 |
STATE BANK OF BIKANER AND
JAIPUR |
STATE BANK OF BIKANER AND
JAIPUR, NEW DELHI, DELHI - 110015, INDIA |
C03131075 |
|
3 |
10285855 |
27/04/2011 |
20,000,000.00 |
STATE BANK OF BIKANER AND
JAIPUR |
KIRTI NAGAR, NEW DELHI,
DELHI - 110015, INDIA |
B12605143 |
* Date of charge modification
CONTINGENT LIABILITY
NOT PROVIDED FOR IN RESPECT OF:-
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
(a) Bank Guarantee
for other |
|
|
|
Micro Polypet Private Limited |
20.000 |
20.000 |
FIXED ASSETS
·
Land
·
Building
·
Electrical Installation
·
Motor Car
·
Furniture and Fixture
·
Computer and Peripherals
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 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.64.18 |
|
UK Pound |
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.