MIRA INFORM REPORT
|
Report No. : |
326558 |
|
Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
GAUTAM CASTING INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Old Gunjiwad, Behind Daylight Ceramic, Rajkot – 360003, Gujarat |
|
Tel. No.: |
91- |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.10.1996 |
|
|
|
|
Com. Reg. No.: |
21-030954 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.006 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100GJ1996PTC030954 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Heavy Castings Viz., Counter Weight for Forklifts and
various Weights for Tractors Parts, Parts for Oil Engine, Tractors, Pumps,
Forklift Parts, etc. |
|
|
|
|
No. of Employees
: |
500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
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 the parent company of “Gautam Group”. It was incorporated
in October 1996 and it is having satisfactory track record. Subject is engaged into manufacturing of Heavy Castings such as
Counter Weights, Dead Weights and Balancing Weights with its application in
Forklifts, Earth Moving and Agricultural Locomotives. During the year 2014, company have seen slight decrease in its sales
turnover achieved Rs. 182.200 Million sales turnover and reported the
profitability margin at 1.82% backed by sound balance sheet profile. Rating take favorable factor in the long established track record of
the Gautam group and extensive experience of the promoter in the casting
industry. Trade relation are fair. Business is active. Payments are reported to
be usually correct. In view of sound balance sheet position backed by its experienced promoter,
the concern can be considered for the business dealings at usual 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
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 (GENERAL DETAILS)
|
Name : |
Mr. Kirtibhai |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-24096297 |
|
Date : |
08.06.2015 |
LOCATIONS
|
Registered Office : |
Old Gunjiwad, Behind Daylight Ceramic, Rajkot – 360003, Gujarat, India
|
|
Tel. No.: |
91-281-2385590/ 2385591/ 2476436 |
|
Fax No.: |
91-281-2385590 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
11/12, Meckoni House, 369, Bhandarkar Road, Matunga (East), Mumbai –
400019, Maharashtra, India |
|
Tel. No.: |
91-22-24042754 / 24096297 |
|
|
91-22-24032047 |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Prafulchandra Jayantilal Dhami |
|
Designation : |
Director |
|
Address : |
"Gautam", 34, Nutannagar Society, B/H Nutannagar Community Hall, Rajkot - 360005, Gujarat, India |
|
Date of Birth/Age : |
18.11.1946 |
|
Date of Appointment
: |
25.10.1996 |
|
DIN No.: |
00008680 |
|
|
|
|
Name : |
Dharmesh Chimanlal Dhami |
|
Designation : |
Director |
|
Address : |
1st Jai Aditya CHS, 382/383 Telang Cross Road, Matunga, Mumbai - 400019, Maharashtra, India |
|
Date of Birth/Age : |
20.10.1966 |
|
Date of Appointment
: |
25.10.1996 |
|
DIN No.: |
00008694 |
|
|
|
|
Name : |
Shashikant Maganlal Javiya |
|
Designation : |
Director |
|
Address : |
423, Takshashila Society,, Behind Galaxy Cinema, Rajkot - 360001, Gujarat, India |
|
Date of Birth/Age : |
17.05.1954 |
|
Date of Appointment
: |
25.10.1996 |
|
DIN No.: |
00008710 |
|
|
|
|
Name : |
Mishal Shashikant Javia |
|
Designation : |
Director |
|
Address : |
423, Takshashila Society, Opposite Girnar Cinema, Rajkot - 360001, Gujarat, India |
|
Date of Birth/Age : |
09.09.1988 |
|
Date of Appointment
: |
15.01.2013 |
|
DIN No.: |
06468643 |
|
|
|
|
Name : |
Karan Dharmesh Dhami |
|
Designation : |
Director |
|
Address : |
Flat No. 1001, 10th Floor, Sterling Heritage, Plot No. 388, Shankar Matham Road, Matunga, C.Rly, Mumbai - 400019, Maharashtra, India |
|
Date of Birth/Age : |
08.08.1991 |
|
Date of Appointment
: |
15.01.2013 |
|
DIN No.: |
06468654 |
|
|
|
|
Name : |
Akshay Prafulbhai Dhami |
|
Designation : |
Director |
|
Address : |
Gautam, 34, Nutan Nagar Society, Kalawad Road, Rajkot - 360005, Gujarat, India |
|
Date of Birth/Age : |
01.04.1987 |
|
Date of Appointment
: |
15.01.2013 |
|
DIN No.: |
06468663 |
KEY EXECUTIVES
|
Name : |
Mr. Kirtibhai |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
AS ON 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Heavy Castings Viz., Counter Weight for Forklifts and
various Weights for Tractors Parts, Parts for Oil Engine, Tractors, Pumps,
Forklift Parts, etc. |
|
|
|
|
Products : |
Counter Weight for Forklifts and various Weights for Tractors Parts,
Parts for Oil Engine, Tractors, Pumps, Forklift Parts, etc. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Depend |
|
|
|
|
Purchasing : |
Depend |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
Manufacturer
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
500 (Approximately) |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
·
ICICI Bank Limited |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Dharmendra V. Joshi and Company Chartered Accountants |
|
Address : |
Shree Vardan II, Near Thakor Dwar, B/h. Atithi Apt., Vidyutnagar Main
Road, Rajkot – 360001, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABHPJ8145K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Gautam Techno Cast |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,550 |
Equity Shares |
Rs.10/- each |
Rs. 5.006 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 |
5.006 |
5.006 |
5.006 |
|
(b) Reserves & Surplus |
25.088 |
21.760 |
19.144 |
|
(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) |
30.094 |
26.766 |
24.150 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
39.617 |
44.968 |
40.409 |
|
(b) Deferred tax liabilities (Net) |
1.603 |
1.237 |
1.152 |
|
(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) |
41.220 |
46.205 |
41.561 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2.186 |
3.507 |
2.561 |
|
(b)
Trade payables |
14.605 |
9.313 |
28.119 |
|
(c)
Other current liabilities |
2.209 |
2.067 |
1.066 |
|
(d)
Short-term provisions |
3.224 |
3.944 |
5.323 |
|
Total
Current Liabilities (4) |
22.224 |
18.831 |
37.069 |
|
|
|
|
|
|
TOTAL |
93.538 |
91.802 |
102.780 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
30.835 |
26.103 |
14.108 |
|
(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 |
0.001 |
0.001 |
0.001 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.000 |
0.000 |
0.000 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
30.836 |
26.104 |
14.109 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
21.405 |
20.625 |
26.396 |
|
(c)
Trade receivables |
34.427 |
26.413 |
55.577 |
|
(d)
Cash and cash equivalents |
0.281 |
12.260 |
1.062 |
|
(e)
Short-term loans and advances |
5.619 |
3.997 |
4.647 |
|
(f)
Other current assets |
0.970 |
2.403 |
0.989 |
|
Total
Current Assets |
62.702 |
65.698 |
88.671 |
|
|
|
|
|
|
TOTAL |
93.538 |
91.802 |
102.780 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
182.267 |
196.342 |
271.472 |
|
|
|
Other Income |
NA |
NA |
0.964 |
|
|
|
TOTAL (A) |
NA |
NA |
272.436 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
218.860 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
|
(5.236) |
|
|
|
Employees benefits expense |
|
|
13.086 |
|
|
|
Other expenses |
|
|
30.972 |
|
|
|
TOTAL (B) |
NA |
NA |
257.682 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
15.427 |
10.356 |
14.754 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.712 |
4.992 |
6.177 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.715 |
5.364 |
8.577 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.861 |
1.499 |
1.181 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.854 |
3.865 |
7.396 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.526 |
1.248 |
2.357 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.328 |
2.617 |
5.039 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.061 |
0.755 |
0.755 |
|
|
|
|
|
|
Cash generated from operations |
NA |
20.705 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.83 |
1.33 |
1.86 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
8.46 |
5.27 |
5.43 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.19 |
4.21 |
7.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.14 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.42 |
1.84 |
1.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.82 |
3.49 |
2.39 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
5.006 |
5.006 |
5.006 |
|
Reserves & Surplus |
19.144 |
21.760 |
25.088 |
|
Money received against Share
Warrants |
0.000 |
0.000 |
0.000 |
|
Share Application Money
Pending Allotment |
0.000 |
0.000 |
0.000 |
|
Net
Worth |
24.150 |
26.766 |
30.094 |
|
|
|
|
|
|
Long-term Borrowings |
40.409 |
44.968 |
39.617 |
|
Short-term Borrowings |
2.561 |
3.507 |
2.186 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.755 |
0.755 |
1.061 |
|
Total
Borrowings |
43.725 |
49.230 |
42.864 |
|
Debt/Equity
Ratio |
1.811 |
1.839 |
1.424 |
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 |
271.472 |
196.342 |
182.267 |
|
|
|
(27.675) |
(7.169) |
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 |
271.472 |
196.342 |
182.267 |
|
Profit |
5.039 |
2.617 |
3.328 |
|
|
1.86% |
1.33% |
1.83% |
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 |
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 |
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10087287 |
19/09/2013
* |
17,500,000.00 |
STATE
BANK OF INDIA |
COMMERCIAL
BRANCH, JAWAHAR ROAD, RAJKOT, GUJARAT |
B85889061 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Loans from Related
Parties |
|
|
|
From Directors |
15.825 |
14.378 |
|
From Shareholders |
22.252 |
30.193 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
From Directors |
0.821 |
1.326 |
|
From Shareholders and their |
1.365 |
2.181 |
|
Total |
40.263 |
48.078 |
PERFORMANCE
During the year, the company achieved a turnover of Rs. 182.267 Million (Previous year Rs. 196.342 Million) and profit before tax, interest and depreciation Rs. 15.427 Million (Previous year Rs. 10.356 Million). Due to overall recession, during the year, there is decrease of 7.17% in turnover but there is increase of 48.96% in profit before tax, interest and depreciation in comparison of previous year.
FIXED ASSETS
· Buildings
· Plant and Equipment’s
· Furniture and Fixtures
· Vehicles
· Office Equipments
· Others
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. 63.88 |
|
|
1 |
Rs. 98.47 |
|
Euro |
1 |
Rs. 72.15 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--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 |
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 |
|
42 |
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.