MIRA INFORM REPORT
|
Report No. : |
313558 |
|
Report Date : |
20.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
STANDARD RADIATORS PRIVATE LIMITED |
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Registered
Office : |
1/12, Industrial Estate, Gorwa, Vadodara – 390016, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
23.06.1965 |
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Com. Reg. No.: |
04-01320 |
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Capital Investment
/ Paid-up Capital : |
Rs.29.999
Million |
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|
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CIN No.: [Company Identification
No.] |
U34201GJ1965PTC001320 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDS02025C |
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PAN No.: [Permanent Account No.] |
AACCS5507K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Radiators and Heat Exchangers. |
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No. of Employees
: |
140 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
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. There seems some dip in the profit of the company during 2014 however
net worth of the company is satisfactory. General financial position of the company
is normal and acceptable for business dealing. Trade relations are reported as fair. Business is active. Payment
terms 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 |
CRISIL |
|
Rating |
Long term rating=BBB |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
09.04.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating=A3+ |
|
Rating Explanation |
Moderate degree of safety. It carry higher
credit risk. |
|
Date |
09.04.2014 |
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 PARTED BY
|
Name : |
Mr. Mahesh Patel |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9898310937 |
|
Date : |
19.03.2015 |
LOCATIONS
|
Registered Office/ Factory : |
1/12, Industrial Estate, Gorwa, Vadodara – 390016, Gujarat, India |
|
Tel. No.: |
91-265-2280616 / 417 / 2281454 |
|
Mobile No.: |
91-9898310937 (Mr. Mahesh Patel) |
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Fax No.: |
91-265-2280522 |
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E-Mail : |
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Website : |
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|
Area : |
27000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
AS ON 12.06.2014
|
Name : |
Ms. Trupti P. Singh |
|
Designation : |
Managing Director |
|
Address : |
401, Ramkrishna Apartment, 26, Alkapuri, Vadodara-390005, Gujarat,
India |
|
Date of Birth/Age : |
21.04.1962 |
|
Date of Appointment : |
27.09.1997 |
|
Din No.: |
00136863 |
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|
|
|
Name : |
Mr. Divakar Nandlal Shukla |
|
Designation : |
Director |
|
Address : |
Sanchi Residency-II, 6 Shrijee Society, Vasna Road, Vadodara-390015,
Gujarat, India |
|
Date of Birth/Age : |
08.10.1939 |
|
Date of Appointment : |
14.04.2001 |
|
Din No.: |
00374125 |
|
Voter Id No.: |
HDG4526689 |
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|
|
|
Name : |
Mr. Vikram Praveen Singh |
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Designation : |
Whole Time Director |
|
Address : |
401, Ramkrishna Apartments, 26, Alkapuri, Vadodara-390007, Gujarat,
India |
|
Date of Birth/Age : |
30.04.1987 |
|
Date of Appointment : |
18.04.2013 |
|
Din No.: |
06375888 |
|
|
|
|
Name : |
Mr. Vinodkumar Siriram Kakar |
|
Designation : |
Additional Director |
|
Address : |
2-A 502, Ashok Nagar, Off Military Road, Marol Andheri (East), Mumbai –
400059, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1960 |
|
Date of Appointment : |
21.09.2013 |
|
Din No.: |
02007438 |
KEY EXECUTIVES
|
Name : |
Mr. Mahesh Patel |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
AS ON 12.06.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Trupti P. Singh |
2259004 |
75.30 |
|
Divakar Nandlal Shukla |
448 |
0.01 |
|
Sumeru S. Patel |
448 |
0.01 |
|
Vikram P. Singh |
740000 |
24.67 |
|
|
|
|
|
Total |
2999900 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 12.06.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Radiators and Heat Exchangers. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
·
Radiators ·
Heat Exchangers |
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Countries : |
·
USA ·
Germany ·
Denmark |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Credit |
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Purchasing : |
Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
140 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
P.J. Mankad and Company Chartered Accountants |
|
Address : |
201, Labh Smruti, Bapatista Road, Ville Parle (West), Mumbai – 400056,
Maharashtra, India |
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Tel. No.: |
91-22-26152124/ 22830196 |
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Fax No.: |
91-22-22830196 |
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PAN No: |
AADPM6922E |
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Membership : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 12.06.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Million |
|
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|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2999900 |
Equity Shares |
Rs.10/- each |
Rs.29.999 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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
29.999 |
29.999 |
9.718 |
|
(b) Reserves & Surplus |
246.286 |
215.757 |
198.500 |
|
(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) |
276.285 |
245.756 |
208.218 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
3.346 |
7.846 |
12.928 |
|
(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 |
8.753 |
6.774 |
5.535 |
|
Total Non-current
Liabilities (3) |
12.099 |
14.620 |
18.463 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
155.942 |
135.559 |
119.127 |
|
(b) Trade
payables |
92.157 |
58.554 |
57.856 |
|
(c) Other
current liabilities |
5.333 |
7.508 |
13.761 |
|
(d) Short-term
provisions |
7.941 |
7.527 |
9.789 |
|
Total Current
Liabilities (4) |
261.373 |
209.148 |
200.533 |
|
|
|
|
|
|
TOTAL |
549.757 |
469.524 |
427.214 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
132.176 |
106.561 |
90.743 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
4.580 |
2.250 |
1.295 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.085 |
0.085 |
0.085 |
|
(c) Deferred tax
assets (net) |
3.507 |
2.859 |
1.615 |
|
(d) Long-term Loan and Advances |
5.790 |
5.828 |
2.863 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
146.138 |
117.583 |
96.601 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
142.310 |
107.726 |
100.717 |
|
(c) Trade
receivables |
225.834 |
220.442 |
196.065 |
|
(d) Cash
and cash equivalents |
0.857 |
1.567 |
3.434 |
|
(e)
Short-term loans and advances |
33.743 |
21.685 |
29.973 |
|
(f) Other
current assets |
0.875 |
0.521 |
0.424 |
|
Total
Current Assets |
403.619 |
351.941 |
330.613 |
|
|
|
|
|
|
TOTAL |
549.757 |
469.524 |
427.214 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
845.305 |
|
|
|
Other Income |
|
|
1.525 |
|
|
|
TOTAL (A) |
1048.570 |
934.768 |
846.830 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
|
565.362 |
|
|
|
Employee Benefits Expenses |
|
|
49.172 |
|
|
|
Other Expenses |
|
848.953 |
131.720 |
|
|
|
Exceptional Items |
|
|
(0.702) |
|
|
|
Changes in Inventories of Finished Goods, Work in Progress and Stock
in Trade |
|
|
(15.294) |
|
|
|
TOTAL (B) |
975.050 [Including
Financial Expenses] |
848.953 [Including
Financial Expenses] |
730.258 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
116.572 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES (D) |
|
|
17.853 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
73.520 |
85.815 |
98.719 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
24.456 |
20.599 |
18.707 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
51.916 |
65.216 |
80.012 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
17.876 |
22.448 |
27.628 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
34.040 |
42.768 |
52.384 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
97.906 |
70.368 |
37.020 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
10.000 |
10.000 |
10.000 |
|
|
|
Interim / Proposed Dividend |
3.000 |
4.500 |
7.775 |
|
|
|
Corporate Tax on Dividend |
0.510 |
0.730 |
1.261 |
|
|
BALANCE CARRIED
TO THE B/S |
118.436 |
97.906 |
70.368 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
181.963 |
176.253 |
135.476 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
11.35 |
14.25 |
53.90 |
|
Expected Sales (2014-2015): Rs.105.000 Million
The above information has been parted by Mr. Mahesh Patel (Account
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
NA |
NA |
6.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
NA |
NA |
13.79 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
9.59 |
14.05 |
18.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.27 |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.58 |
0.58 |
0.63 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.54 |
1.68 |
1.65 |
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 |
9.718 |
29.999 |
29.999 |
|
Reserves & Surplus |
198.500 |
215.757 |
246.286 |
|
Net
worth |
208.218 |
245.756 |
276.285 |
|
|
|
|
|
|
long-term borrowings |
12.928 |
7.846 |
3.346 |
|
Short term borrowings |
119.127 |
135.559 |
155.942 |
|
Total
borrowings |
132.055 |
143.405 |
159.288 |
|
Debt/Equity
ratio |
0.634 |
0.584 |
0.577 |
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 |
846.830 |
934.768 |
1048.570 |
|
|
|
10.384 |
12.174 |
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 |
846.830 |
934.768 |
1048.570 |
|
Profit |
52.384 |
42.768 |
34.040 |
|
|
6.19% |
4.58% |
3.25% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Million
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
4.500 |
4.500 |
7.500 |
|
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10227511 |
24/06/2010 |
22,500,000.00 |
ORIENTAL
BANK OF COMMERCE |
FORTUNE
TOWERS, GR. FLOOR, SAYAJIGUNJ, VADODARA, |
A89008353 |
|
2 |
10147775 |
03/02/2009 |
15,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
FORTUNE
TOWERS, GR. FLOOR, SAYAJIGUNJ, VADODARA, |
A57269276 |
|
3 |
80011090 |
30/11/2004 |
5,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
FORTUNE
TOWERS, SAYAJIGUNJ, BARODA, GUJARAT - 390 |
- |
|
4 |
80011087 |
04/07/2002 |
24,500,000.00 |
ORIENTAL
BANK OF COMMERCIAL |
FORTUNE
TOWER, SAYAJIGUNJ, BARODA, GUJARAT - 3900 |
- |
|
5 |
80011084 |
02/08/2001 |
4,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
FORTUNE
TOWERS, SAYAJIGUNJ, BARODA, GUJARAT - 390 |
- |
|
6 |
80011080 |
07/01/2014
* |
227,500,000.00 |
ORIENTAL
BANK OF COMMERCE |
FORTUNE
TOWER, VSE STOCK EXCHANGE BUILDING, SAYAJ |
B93387744 |
|
7 |
80011072 |
27/03/2001 |
4,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
FORTUNE
TOWER, SAYAJIGUNJ, BARODA, GUJARAT - 3900 |
- |
|
8 |
80011071 |
06/03/1997 |
5,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
FORTUNE
TOWERS, SAYAJIGUNJ, BARODA, GUJARAT - 390 |
- |
|
9 |
80011068 |
28/01/2008
* |
99,000,000.00 |
ORIENTAL
BANK OF COMMERCE |
FORTUNE
TOWERS, GROUND FLOOR, VSE BUILDING, SAYAJ |
A31901283 |
*Date of modification Charges
FIXED ASSETS:
·
Freehold Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipments
·
Electric Fittings
·
Air Conditioners
·
Vehicles
·
Data Processing Machine
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.60.67 |
|
|
1 |
Rs.100.81 |
|
Euro |
1 |
Rs.80.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
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 |
-- |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
46 |
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.