MIRA INFORM REPORT
|
Report No. : |
310878 |
|
Report Date : |
05.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
TIRUMALA BALAJI ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1/1, Camac Street, 3rd Floor, Kolkata – 700016, West Bengal |
|
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Country : |
India |
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|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
01.03.2004 |
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Com. Reg. No.: |
21-195282 |
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Capital
Investment / Paid-up Capital : |
Rs.155.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101WB2004PTC195282 |
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|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AADCM8947J |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Ferro Chrome. |
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|
|
|
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 |
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|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct. The company can be considered normal for business dealings at usual
trade 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
INDIA RATINGS AND RESEARCH |
|
Rating |
Long term rating = BBB- |
|
Rating Explanation |
Moderate degree of s |
|
Date |
April 17, 2014 |
|
Rating Agency Name |
INDIA RATINGS AND RESEARCH |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
April 17, 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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. Santosh Choudhary |
|
Designation : |
Account Manager |
|
Contact No.: |
91-33-22298877 |
|
Date : |
04.03.2015 |
LOCATIONS
|
Registered / Head Office : |
1/1, Camac Street, 3rd Floor, Kolkata – 700016, West
Bengal, India |
|
Tel. No.: |
91-33-22298877 |
|
Fax No.: |
91-33-22297223 |
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E-Mail : |
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|
|
|
|
Works : |
Jindal Industrial Park, Sector ‘A’ Vill.- Punjipathra,
Tahsil-Gharghoda, District-Raigharh – 496001, Chhattisgarh, India |
|
Tel. No.: |
91-7767-288042 / 288052 |
|
Fax No.: |
91-7767-288031 / 43 |
|
E-Mail : |
DIRECTORS
As on 18.08.2014
|
Name : |
Mr. Manish Rungta |
|
Designation : |
Managing director |
|
Address : |
5 K, New Road, Alipore, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
15.01.1971 |
|
Date of Appointment : |
10.09.2013 |
|
DIN No.: |
00385130 |
|
|
|
|
Name : |
Mr. Manoj Kumar Baheti |
|
Designation : |
Whole-time director |
|
Address : |
A Shiv Thakur Lane, Kolkata – 700007, West Bengal, India |
|
Date of Birth/Age : |
04.02.1978 |
|
Date of Appointment : |
10.09.2013 |
|
DIN No.: |
00562913 |
|
PAN NO.: |
AHMPB0300R |
|
|
|
|
Name : |
Mr. Amitabh Sharma Mudgal |
|
Designation : |
Director |
|
Address : |
B-305, Navin Society, Plot – 13, Sector – 5, Dwarka, New Delhi –
110045, India |
|
Date of Birth/Age : |
03.04.1964 |
|
Date of Appointment : |
01.03.2004 |
|
DIN No.: |
00468084 |
|
|
|
|
Name : |
Mr. Durgesh Behari Mathur |
|
Designation : |
Director |
|
Address : |
44D, Block G, Kanchanjang Apartments, Noida – 201301, Uttar Pradesh,
India |
|
Date of Birth/Age : |
01.04.960 |
|
Date of Appointment : |
22.09.2009 |
|
DIN No.: |
00468011 |
|
|
|
|
Name : |
Mr. Ashish Rungta |
|
Designation : |
Director |
|
Address : |
5 K, New Road, Alipore, Kolkata – 700027, West Bengal, India |
|
Date of Birth/Age : |
23.06.1977 |
|
Date of Appointment : |
01.03.2004 |
|
DIN No.: |
00394925 |
KEY EXECUTIVES
|
Name : |
Mr. Santosh Choudhary |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS
As on 18.08.2014
|
Names of Shareholders (Equity Shares) |
|
No. of Shares |
|
Ashish Rungta |
|
5000 |
|
Amitava Sharma Mudgal |
|
10 |
|
Sudha Jajodia |
|
235000 |
|
Nikunj Jajodia |
|
499990 |
|
Mahendra K. Jajodia |
|
265000 |
|
Ashish Rungta |
|
245000 |
|
Garima Rungta |
|
250000 |
|
Sabina Rungta |
|
500000 |
|
Total |
|
2000000 |
|
Names of
Shareholders (Preference Shares) |
|
No.
of Shares |
|
Annapurna International Private Limited, India |
|
388000 |
|
Rogers Agencies Private Limited, India |
|
1000 |
|
Mahendra Shipping Limited, India |
|
1000 |
|
Kamdhenu Enterprises Limited, India |
|
15500 |
|
Crystal Beverages Private Limited, India |
|
63000 |
|
Cecil Webber Engineering Limited, India |
|
14000 |
|
Monnet Properties Private Limited, India |
|
1500 |
|
Pavitra Commercial Limited, India |
|
16000 |
|
Rogers Engg. Private Limited, India |
|
35000 |
|
Tulsyan and Sons Private Limited, India |
|
50000 |
|
Whitestone Consultants Private Limited, India |
|
50000 |
|
Bhaskar Ispat Private Limited, India |
|
40000 |
|
Monnet Ispat and Energy Limited, India |
|
140000 |
|
Sabina Rungta |
|
267500 |
|
Garima Rungta |
|
267500 |
|
Total |
|
1350000 |
As on 18.08.2014
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 Ferro Chrome. |
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Products : |
Not Available |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
O.P. Bagla and Company Chartered Accountants |
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Address : |
8/12, Kalkaji Extension, New Delhi -110019, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFO1030A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
Associates : |
Parth Ispat (India) Private Limited, India |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/-each |
Rs.20.000 Million |
|
1400000 |
Preference Shares |
Rs.100/-each |
Rs.140.000 Million |
|
|
Total |
|
Rs.160.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/-each |
Rs.20.000
Million |
|
1350000 |
Preference Shares |
Rs.100/-each |
Rs.135.000
Million |
|
|
Total |
|
Rs.155.000 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 |
155.000 |
155.000 |
155.000 |
|
(b) Reserves &
Surplus |
249.785 |
205.211 |
162.250 |
|
(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) |
404.785 |
360.211 |
317.250 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.627 |
1.716 |
3.296 |
|
(b) Deferred tax
liabilities (Net) |
46.722 |
44.616 |
44.499 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.059 |
1.810 |
1.477 |
|
Total Non-current
Liabilities (3) |
49.408 |
48.142 |
49.272 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
90.652 |
74.921 |
55.804 |
|
(b) Trade payables |
210.502 |
165.092 |
116.239 |
|
(c) Other current
liabilities |
14.269 |
41.109 |
23.086 |
|
(d) Short-term provisions |
6.260 |
10.747 |
5.827 |
|
Total Current Liabilities
(4) |
321.683 |
291.869 |
200.956 |
|
|
|
|
|
|
TOTAL |
775.876 |
700.222 |
567.478 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
254.508 |
249.978 |
260.786 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
14.593 |
5.493 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
43.478 |
26.928 |
26.928 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
297.986 |
291.499 |
293.207 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
6.725 |
0.000 |
|
(b) Inventories |
121.297 |
112.698 |
25.471 |
|
(c) Trade receivables |
83.409 |
23.270 |
31.609 |
|
(d) Cash and cash equivalents |
36.146 |
6.548 |
4.492 |
|
(e) Short-term loans and
advances |
225.517 |
253.641 |
206.346 |
|
(f) Other current assets |
11.521 |
5.841 |
6.353 |
|
Total Current Assets |
477.890 |
408.723 |
274.271 |
|
|
|
|
|
|
TOTAL |
775.876 |
700.222 |
567.478 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL INCOME |
1863.700 |
702.500 |
718.700 |
|
|
|
|
|
|
|
Less |
EXPENSES |
1763.868 |
613.436 |
624.161 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
99.832 |
89.064 |
94.539 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
12.230 |
4.822 |
9.232 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
87.602 |
84.242 |
85.307 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.001 |
16.630 |
16.386 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
70.601 |
67.612 |
68.921 |
|
|
|
|
|
|
|
Less |
TAX |
22.889 |
21.514 |
20.625 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
47.712 |
46.098 |
48.296 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
114.522 |
0.000 |
11.288 |
|
|
TOTAL EARNINGS |
114.522 |
0.000 |
11.288 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Carbon Electrode Paste |
109.588 |
11.845 |
43.926 |
|
|
Components and Stores
parts |
42.461 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
152.049 |
11.845 |
43.926 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
23.86 |
23.05 |
24.15 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin PAT / Sales |
(%) |
6.72 |
6.56 |
2.56 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
13.15 |
12.68 |
5.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.26 |
9.86 |
9.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.19 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.19 |
0.21 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.40 |
1.49 |
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 |
155.000 |
155.000 |
155.000 |
|
Reserves & Surplus |
162.250 |
205.211 |
249.785 |
|
Net worth |
317.250 |
360.211 |
404.785 |
|
|
|
|
|
|
long-term borrowings |
3.296 |
1.716 |
0.627 |
|
Short term borrowings |
55.804 |
74.921 |
90.652 |
|
Total borrowings |
59.100 |
76.637 |
91.279 |
|
Debt/Equity ratio |
0.186 |
0.213 |
0.225 |
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) |
|
Total Income |
718.700 |
702.500 |
1863.700 |
|
|
|
(2.254) |
165.295 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
718.700 |
702.500 |
1863.700 |
|
Profit |
48.296 |
46.098 |
47.712 |
|
|
6.72% |
6.56% |
2.56% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG DEBTS
(Rs.
In Million)
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long-term debt |
1.072 |
1.537 |
14.604 |
|
Total |
1.072 |
1.537 |
14.604 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
---------------------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CURRENT OPERATIONS AND
FUTURE PROSPECTS
In the year under report, the Company has generated total income of Rs. 1863.700 Million in comparison to Rs. 702.500 Million in the previous financial year. During the year under report, the company has earned Net Profit after Tax to the tune of Rs. 47.700 Million. The Directors are hopeful of achieving better results in the years to come.
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10250427 |
28/10/2010 |
35,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, HOUSING BOARD COLONY, BHILAI, Chhattisgarh - 490026, INDIA |
A99102253 |
|
2 |
10001573 |
16/07/2010 * |
126,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, GURUDWARA ROAD, M.P. HOUSING COLONY, INDUSTRIAL ESTATE, BHILAI, Chhattisgarh - 490026, INDIA |
A92498393 |
|
3 |
10001572 |
23/05/2013 * |
200,000,000.00 |
STATE BANK OF INDIA. |
COMMERCIAL BRANCH ,
GURUDWARA ROAD,, M.P. HOUSING INDIA |
B77566727 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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.61.85 |
|
|
1 |
Rs.94.96 |
|
Euro |
1 |
Rs.69.09 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
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.