MIRA INFORM REPORT
|
Report No. : |
327389 |
|
Report Date : |
16.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
CITY AND
INDUSTRIAL DEVELOPMENT CORPORATION OF MAHARASHTRA LIMITED |
|
|
|
|
Registered
Office : |
Nirmal 2nd Floor, Nariman Point, Mumbai – 400021,
Maharashtra |
|
Tel. No.: |
91-22-67918557 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
17.03.1970 |
|
|
|
|
Com. Reg. No.: |
11-014574 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.39.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U99999MH1970SGC014574 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in Civil Construction Activities. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 : |
City and Industrial Development Corporation of Maharashtra Limited, is
a company wholly owned by the “Government of Maharashtra” and was incorporated
on 17th March 1970, with the specific aim of Mumbai city and at
the same time creating a new planned, self-sufficient and sustainable city on
the mainland across Thane creek adjoining Mumbai. Subject is established company and it is having satisfactory track
record. From the financial for the year ended 2012, the general financial
position and fundamental of the company seems to be sound and healthy. Trade relation are fair. Business is active. Payments are reported to
be usually correct. In view of reputation as the premier town planning and infrastructure
agency in India, undertaken by the “Government of Maharashtra”, the company
can be considered for business dealings at usual trade terms and conditions. Note: 23 AC Documents for the year 2014 and 2013 are not been available from
any source. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
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 DENIED BY
|
Name : |
Mr. Pradeep Ranjan Rath |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-22-67918557 |
|
Date : |
15.06.2015 |
LOCATIONS
|
Registered Office : |
Nirmal 2nd Floor, Nariman Point, Mumbai – 400021,
Maharashtra, India |
|
Tel. No.: |
91-22-67918557 / 66500900 |
|
Fax No.: |
91-22-22002250 / 22022509 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
Navi Mumbai, |
|
Tel. No.: |
91-22-67918100 |
|
Fax No.: |
91-22-67918557 |
DIRECTORS
As on 24.09.2014
|
Name : |
Mr. Sanjay Satyapal Bhatia |
|
Designation : |
Managing Director |
|
Address : |
Flat NO. 6A, Saudamini Building, Haji Ali, Mumbai – 400034,
Maharashtra, India |
|
Date of Birth/Age : |
05.07.1960 |
|
Date of Appointment : |
04.03.2013 |
|
DIN No.: |
00084672 |
|
|
|
|
Name : |
Radha Vennelaganti |
|
Designation : |
Whole Time Director |
|
Address : |
Suruchi I, J. G. Bhosale Marg, Opposite Mantralaya, Mumbai – 400021, Maharashtra,
India |
|
Date of Birth/Age : |
06.05.1968 |
|
Date of Appointment : |
22.05.2013 |
|
DIN No.: |
06604292 |
|
|
|
|
Name : |
Mr. Madan Sing Pal Urninder |
|
Designation : |
Director |
|
Address : |
8th Floor, Jetwan, Bandra – Kurla Complex, Bandra (East),
Mumbai – 400051, Maharashtra, India |
|
Date of Birth/Age : |
08.10.1959 |
|
Date of Appointment : |
05.07.2014 |
|
DIN No.: |
03570256 |
|
|
|
|
Name : |
Mr. Mopalwar L. Radheshyam |
|
Designation : |
Director |
|
Address : |
2/A, 2nd Krishnamai, 33/ B, Sir Pochkhanwal A Road, Worli,
Mumbai – 400025, Maharashtra, India |
|
Date of Birth/Age : |
05.02.1958 |
|
Date of Appointment : |
05.07.2014 |
|
DIN No.: |
02604676 |
|
|
|
|
Name : |
Nitin Nandkishor Kareer |
|
Designation : |
Nominee director |
|
Address : |
26 Queens Garden, Next To Old Circuit House, Pune, 411001, Maharashtra, India |
|
Date of Appointment : |
05.01.2015 |
|
DIN No.: |
01624863 |
|
|
|
|
Name : |
Dinesh Tarachand Waghmare |
|
Designation : |
Director |
|
Address : |
Vikas, Ceo, Zp Residence, Civil Lines, Yavatmal, 445001, Maharashtra, India |
|
Date of Appointment : |
05.01.2015 |
|
DIN No.: |
01843097 |
|
|
|
|
Name : |
Niraj Bansal |
|
Designation : |
Director |
|
Address : |
10, Central Revenue Apartment, 4th Floor, N D Road, Nepeansea Road, Mumbai, 400006, Maharashtra, India |
|
Date of Appointment : |
22.02.2015 |
|
DIN No.: |
07182964 |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Ranjan Rath |
|
Designation : |
Secretary |
|
Address : |
L-451, Raghunath Vihar ¼ Army Colony, ½ Sector – 14, Khargha, Navi
Mumbai – 410210, |
|
Date of Birth/Age : |
10.04.1972 |
|
Date of Appointment : |
10.12.2009 |
MAJOR SHAREHOLDERS
As on 24.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Government of Maharashtra, India |
|
394993 |
|
G. A. Lokhande |
|
1 |
|
M. M. Patil |
|
1 |
|
Vinayak s. Chavhan |
|
1 |
|
Sanjay Banait |
|
1 |
|
R. V. Kulkarni |
|
1 |
|
A.S. Jivane |
|
1 |
|
Suresh Kakani |
|
1 |
|
Total |
|
395000 |
As on 24.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Government (Central and State) |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Civil Construction Activities. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
||||||||||||||||||||||
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No. of Employees : |
Information declined by the management. |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Kailash Chand Jain and Company Chartered Accountants |
|
Address : |
EDENA 1st Floor, 97, Maharshi Karve Road, Near Income Tax
Office, Mumbai – 400020, Maharashtra, India |
|
PAN No.: |
AAAFK3998D |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Subsidiary : |
Mahatourism Corporation Limited |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
395000 |
Equity Shares |
Rs.10/- each |
Rs.39.500
Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
39.500 |
39.500 |
|
(b) Reserves & Surplus |
|
1415.665 |
914.578 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
1455.165 |
954.078 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
189.003 |
255.757 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
75485.839 |
71101.165 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
75674.842 |
71356.922 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
537.533 |
1534.985 |
|
(b) Trade
payables |
|
2743.695 |
2833.649 |
|
(c) Other
current liabilities |
|
100.718 |
103.367 |
|
(d) Short-term
provisions |
|
6.862 |
6.862 |
|
Total Current
Liabilities (4) |
|
3388.808 |
4478.863 |
|
|
|
|
|
|
TOTAL |
|
80518.815 |
76789.863 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
136.964 |
142.371 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.882 |
0.017 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
2147.913 |
2147.913 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
9754.482 |
8282.221 |
|
(e) Other
Non-current assets |
|
409.546 |
364.109 |
|
Total Non-Current
Assets |
|
12449.787 |
10936.631 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
195.205 |
197.435 |
|
(c) Trade
receivables |
|
6246.611 |
5926.318 |
|
(d) Cash
and cash equivalents |
|
58714.289 |
56971.453 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f) Other
current assets |
|
2912.923 |
2758.026 |
|
Total
Current Assets |
|
68069.028 |
65853.232 |
|
|
|
|
|
|
TOTAL |
|
80518.815 |
76789.863 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
39.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
666.224 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
705.724 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1007.018 |
|
|
2] Unsecured Loans |
|
|
798.718 |
|
|
TOTAL BORROWING |
|
|
1805.736 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2511.460 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
141.859 |
|
|
Capital work-in-progress |
|
|
90.260 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
2147.913 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
219.419 |
|
|
Sundry Debtors |
|
|
5061.195 |
|
|
Cash & Bank Balances |
|
|
58539.861 |
|
|
Other Current Assets |
|
|
2214.850 |
|
|
Loans & Advances |
|
|
5511.201 |
|
Total
Current Assets |
|
|
71546.526 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
71407.376 |
|
|
Provisions |
|
|
7.722 |
|
Total
Current Liabilities |
|
|
71415.098 |
|
|
Net Current Assets |
|
|
131.428 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
2511.460 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SALES |
|
|
|
|
|
Income |
38.826 |
226.593 |
63.094 |
|
|
Other Income |
700.277 |
282.761 |
245.750 |
|
|
TOTAL |
739.103 |
509.354 |
308.844 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
4.212 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.228 |
21.295 |
0.000 |
|
|
Employees benefits
expense |
14.055 |
12.498 |
0.000 |
|
|
Other expenses |
102.174 |
113.642 |
260.667 |
|
|
TOTAL |
118.457 |
147.435 |
264.879 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
620.646 |
361.919 |
43.965 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
118.009 |
111.991 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
502.637 |
249.928 |
43.965 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.550 |
1.574 |
1.560 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
501.087 |
248.354 |
42.405 |
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
501.087 |
248.354 |
42.405 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(Rs.) |
1268.57 |
628.74 |
107.35 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1290.60 |
109.60 |
67.21 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
1598.53 |
159.72 |
69.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.64 |
0.33 |
0.05 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.34 |
0.26 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.50 |
1.88 |
2.55 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
20.09 |
14.70 |
1.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
39.500 |
39.500 |
|
Reserves & Surplus |
914.578 |
1415.665 |
|
Net worth |
954.078 |
1455.165 |
|
|
|
|
|
long-term borrowings |
255.757 |
189.003 |
|
Short term borrowings |
1534.985 |
537.533 |
|
Total borrowings |
1790.742 |
726.536 |
|
Debt/Equity ratio |
1.877 |
0.499 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
63.094 |
226.593 |
38.826 |
|
|
|
259.136 |
(82.865) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2011 |
31.03.2012 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
63.094 |
226.593 |
38.826 |
|
Profit |
42.405 |
248.354 |
501.087 |
|
|
67.21% |
109.60% |
1290.60% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
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 |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
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.64.08 |
|
|
1 |
Rs.99.57 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Information Gathered
by : |
PPT |
|
|
|
|
Analysis Done by
: |
KYP |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
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 |
|
45 |
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.