MIRA INFORM REPORT
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Report No. : |
312167 |
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Report Date : |
17.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
B K SARAF PRIVATE LIMITED |
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Registered
Office : |
17/14,
Mall Road, Kanpur, Uttar Pradesh – 208 001 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
19.09.1995 |
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Com. Reg. No.: |
20-018759 |
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Capital
Investment / Paid-up Capital : |
Rs.3.180 million |
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CIN No.: [Company Identification
No.] |
U36921UP1995PTC018759 |
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IEC No.: |
Not Available |
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TIN No.: |
09752101090 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACB6924F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is dealing only in jwellery trading of precious metals and stones. |
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No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 111400 |
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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. Trade relations are
fair. Business is active. Payment terms are reported as usually correct. The company can
be considered 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 DECLINED BY
|
Name : |
Mr. Arun Bansal |
|
Designation : |
Whole-time Director |
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Contact No.: |
91-9415544279 |
|
Date : |
16.03.2015 |
LOCATIONS
|
Registered Office : |
17/14,
Mall Road, Kanpur, Uttar Pradesh – 208 001, India |
|
Tel. No. : |
91-512-2366347 |
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Mobile No. : |
91-9415544279 (Mr. Arun Bansal) |
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Fax No. : |
Not Available |
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E-Mail : |
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Retail Office : |
M-13, Gole Market, Mahanagar, Near Mahanagar Thana, Lucknow – 226 006, Uttar Pradesh, India |
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Tel. No. : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mrs. Anuradha Bansal |
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Designation : |
Whole-time Director |
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Address : |
A-3/147, Vishwas Khand, Gomti Nagar, Lucknow –
226 010, Uttar Pradesh, India |
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Date of Birth/Age : |
07.07.1956 |
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Date of Appointment : |
19.09.1995 |
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DIN No. : |
00288973 |
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Other Directorship :
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Name : |
Mr. Amol Bansal |
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Designation : |
Whole-time Director |
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Address : |
A-3/147, Vishwas Khand, Gomti Nagar, Lucknow – 226
010, Uttar Pradesh, India |
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Date of Birth/Age : |
28.06.1978 |
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Date of Appointment : |
01.10.1996 |
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DIN No. : |
00289056 |
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Other Directorship :
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Name : |
Mr. Arun Bansal |
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Designation : |
Whole-time Director |
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Address : |
A-3/147, Vishwas Khand, Gomti Nagar, Lucknow –
226 010, Uttar Pradesh, India |
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Date of Birth/Age : |
24.01.1971 |
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Date of Appointment : |
19.09.1995 |
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DIN No. : |
00289076 |
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Other Directorship :
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KEY EXECUTIVES
|
Name : |
Sudershan K. Banthia and Company |
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Designation : |
Company Secretary |
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Address : |
261,
Z-1, Hemant Vihar, Barra-2, Kanpur – 208 027, Uttar Pradesh, India |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Balram
Narain Bansal |
10 |
|
Krishna
Narain Bansal |
10 |
|
Anuradha Bansal |
70490 |
|
Mandrawati
Bansal |
70000 |
|
Arun Bansal |
4500 |
|
Amol Bansal |
4500 |
|
Balram
Narain Bansal (HUF) |
200 |
|
Anuradha
Bansal |
290 |
|
Spectrum
Sheet Girh Private Limited, India |
77750 |
|
B.K.
Girija Devi Investment Private Limited, India |
77750 |
|
N.D.H.
Securities and Finserve Private Limited, India |
3750 |
|
L
V S Finance Service Private Limited, India |
3125 |
|
Agarwala
Finserve |
5625 |
|
Total |
318000 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
52.83 |
|
Directors or relatives of Directors |
47.17 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is dealing only in jwellery trading of precious metals and stones. |
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Products : |
Jwellery |
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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 : |
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 : |
HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Housing Development Finance Corporation Limited,
Ramon House 169, Backbay Reclamation, H.T. Parekh Marg, Mumbai – 400 020, Maharashtra,
India |
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Auditors : |
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Name : |
Jain Dhingra and Associates Chartered Accountants |
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Address : |
17/14, The Mall, Kanpur – 208 001, Uttar Pradesh, India |
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Tel. No. : |
91-512-2352402/ 3077156 |
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Mobile No. : |
91-9839470209/ 9415052167 |
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PAN
No.: |
AAAFJ6105F |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates : |
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CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
318000 |
Equity Shares |
Rs.10/- each |
Rs.3.180 million |
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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 |
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|
|
|
(1)
Shareholders' Funds |
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|
|
|
(a) Share Capital |
3.180 |
3.180 |
3.180 |
|
(b) Reserves & Surplus |
35.837 |
32.481 |
26.937 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
39.017 |
35.661 |
30.117 |
|
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|
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(3) Non-Current
Liabilities |
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|
|
|
(a) Long-term borrowings |
65.951 |
76.567 |
27.629 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
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) |
65.951 |
76.567 |
27.629 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
20.817 |
0.499 |
7.471 |
|
(b) Trade
payables |
9.626 |
27.284 |
33.287 |
|
(c) Other
current liabilities |
0.000 |
2.229 |
2.519 |
|
(d) Short-term
provisions |
0.724 |
0.523 |
0.000 |
|
Total Current
Liabilities (4) |
31.167 |
30.535 |
43.277 |
|
|
|
|
|
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TOTAL |
136.135 |
142.763 |
101.023 |
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II.
ASSETS |
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|
|
|
(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
31.402 |
32.871 |
4.758 |
|
(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 |
0.214 |
0.150 |
0.150 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.341 |
0.340 |
0.340 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
31.957 |
33.361 |
5.248 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
87.462 |
96.834 |
86.176 |
|
(c) Trade
receivables |
9.312 |
9.353 |
6.007 |
|
(d) Cash
and cash equivalents |
5.169 |
2.101 |
2.743 |
|
(e) Short-term
loans and advances |
2.235 |
1.114 |
0.849 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
104.178 |
109.402 |
95.775 |
|
|
|
|
|
|
TOTAL |
136.135 |
142.763 |
101.023 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue
from operations |
82.528 |
100.286 |
78.141 |
|
|
|
Other Income |
0.036 |
0.000 |
NA |
|
|
|
TOTAL |
82.564 |
100.286 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase
of Stock in Trade |
43.859 |
79.490 |
NA |
|
|
|
Operating
Cost |
1.734 |
4.600 |
NA |
|
|
|
Change
in Inventories |
9.421 |
(10.651) |
NA |
|
|
|
Employees
Benefit Expenses |
4.204 |
4.110 |
NA |
|
|
|
Other
Expenses |
5.056 |
5.503 |
NA |
|
|
|
TOTAL |
64.274 |
83.052 |
NA |
|
|
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|
|
|
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|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
18.290 |
17.234 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
9.838 |
7.025 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.452 |
10.209 |
5.115 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.286 |
2.110 |
0.568 |
|
|
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|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
5.166 |
8.099 |
4.547 |
|
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|
|
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|
|
|
|
Less |
TAX |
1.810 |
2.555 |
1.445 |
|
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|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.356 |
5.544 |
3.102 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
10.55 |
17.44 |
9.75 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
4.07 |
5.53 |
3.97 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Sales) |
(%) |
22.16 |
17.18 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.80 |
5.68 |
4.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.23 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.22 |
2.16 |
1.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.34 |
3.58 |
2.21 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Share Capital |
3.180 |
3.180 |
3.180 |
|
Reserves & Surplus |
26.937 |
32.481 |
35.837 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
30.117 |
35.661 |
39.017 |
|
|
|
|
|
|
Long Term borrowings |
27.629 |
76.567 |
65.951 |
|
Short Term borrowings |
7.471 |
0.499 |
20.817 |
|
Total borrowings |
35.100 |
77.066 |
86.768 |
|
Debt/Equity ratio |
1.165 |
2.161 |
2.224 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Revenue from operations |
78.141 |
100.286 |
82.528 |
|
|
|
28.340 |
(17.707) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR in Million) |
(INR in Million) |
(INR in Million) |
|
Revenue from operations |
78.141 |
100.286 |
82.528 |
|
Profit |
3.102 |
5.544 |
3.356 |
|
|
3.97% |
5.53% |
4.07% |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
No |
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem and Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28% in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in February
2013. A senior executive of GJEPC said, “Export of cut and polished diamonds
started falling month-wise after the imposition of 2 % of import duty on the
polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28%. It
means the industry is on the track of recovery and round tripping of diamonds
has stopped completely.” Demand has started coming from the US, the UK, Japan
and China. India’s polished diamond export is expected to cross $ 21 bn in
2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
PERFORMANCE:
During the year due volatility in silver gold price any increase market
competition there is fall in sales and profit.
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Director and Shareholder |
30.571 |
20.236 |
|
Inter Corporate |
0.000 |
26.871 |
|
SHORT TERM BORROWINGS |
|
|
|
Payable to Directors |
0.000 |
0.499 |
|
Total |
30.571 |
47.606 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10440028 |
23/07/2013 |
36,000,000.00 |
HOUSING DEVELOPMENT
FINANCE CORPORATION LIMITED |
RAMON HOUSE, 169, BACKBAY
RECLAMATION, H.T. PAREKH MARG, MUMBAI, Maharashtra - 400020, INDIA |
B80776768 |
|
2 |
10033422 |
13/08/2010 * |
20,000,000.00 |
BANK OF BARODA |
NISHAT GANJ, LUCKNOW,
UTTAR PRADESH - 226006, INDIA |
A93810745 |
* Date of charge modification
FIXED ASSETS
·
Building
·
Computer
·
Electrical Equipment
·
Building
·
Generator
·
Weighting Machine
·
Air Conditioner
·
Furniture and Fixture
·
Telephone
·
Vending Machine
·
Water Cooler
·
Fire Extinguisher
·
Motor Cars
·
Land
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 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.62.82 |
|
|
1 |
Rs.92.83 |
|
Euro |
1 |
Rs.66.17
|
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
-- PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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.