MIRA INFORM REPORT
|
Report No. : |
320524 |
|
Report Date : |
04.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
MANCHUKONDA PRAKASHAM INDUSTRIES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
"Manchukonda House", 6-3-347/12/A/12/3, Dwarakapuri Colony,
Panjagutta, Hyderabad – 500082, Telangana |
|
Tel No.: |
91-40-44507070 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.12.2008 |
|
|
|
|
Com. Reg. No.: |
062299 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 462.797 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45201TG2008PTC062299 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM8584K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Pre-Stressed Cement Concrete (PSCC) Poles. |
|
|
|
|
No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a successor of a partnership concern started in the year
1994. Subsequently it was taken over by the subject and is having a moderate
track. Management has reported low reserves and working capital intensive
operations during FY14. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of experienced promoters and reputed client base, the company
can be considered for business dealings with caution. |
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
India Ratings and Research |
|
Rating |
Long term rating = BBB+ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
February 18, 2015 |
|
Rating Agency Name |
India Ratings and Research |
|
Rating |
Short term rating = A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk.
|
|
Date |
February 18, 2015 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Sai |
|
Designation : |
Sales Co-Operative |
|
Contact No.: |
91-9849052833 |
LOCATIONS
|
Registered/ Corporate Office : |
"Manchukonda House", 6-3-347/12/A/12/3, Dwarakapuri Colony, Panjagutta,
Hyderabad – 500082, Telangana, India |
|
Tel. No.: |
91-40-44507070 |
|
Fax No.: |
91-40-23352543/ 23356115 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Survey No.70, Guduru Village, Bibinagar Mandal, District Nalgonda – 508126. Telangana, India |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Vedullacheruvu Village, Renigunta Mandal Chittoor District, Andhra Pradesh, India |
|
E-Mail : |
|
|
|
|
|
Factory 3 : |
Survey No. 426&426, NH. 211, Tuljapur Road, Kasegaon, Indra Nagar, Sholapur, Sholapur District – 413004, Maharashtra, India |
|
E-Mail : |
|
|
|
|
|
Factory 4 : |
Village-Bardhiya (Chopan), Sonebhadra District, Uttar Pradesh. India |
|
E-Mail : |
|
|
|
|
|
Factory 5 : |
Village-Dupadia, Berasia Road, Tehsil Huzur, Madhya Pradesh. India |
|
E-Mail : |
DIRECTORS
AS ON 24.09.2014
|
Name : |
Mr. Prakasham Manchukonda |
|
Designation : |
Managing director |
|
Address : |
"Manchukonda House", 6-3-456/23, Dwarakapuri
Colony, Panjagutta, Hyderabad – 500082, Telangana, India |
|
Date of Birth/Age : |
14.12.1953 |
|
Qualification : |
B.Com |
|
Experience : |
40 Years |
|
Date of Appointment : |
19.12.2008 |
|
PAN No.: |
ACIPM3836C |
|
DIN No.: |
00214481 |
|
|
|
|
Name : |
Mr. Ravi Kumar Manchukonda |
|
Designation : |
Director |
|
Address : |
"Manchukonda House", 6-3-456/23, Dwarakapuri
Colony, Panjagutta, Hyderabad – 500082, Telangana, India |
|
Date of Birth/Age : |
23.06.1974 |
|
Qualification : |
B.E |
|
Experience : |
18 Years |
|
Date of Appointment : |
19.12.2008 |
|
PAN No.: |
ACIPM3835B |
|
DIN No.: |
00214485 |
|
|
|
|
Name : |
Mr. Surender Manchukonda |
|
Designation : |
Director |
|
Address : |
"Manchukonda House", 6-3-347/12/A/12/3, Dwarakapuri Colony,
Panjagutta, Hyderabad – 500082, Telangana, India |
|
Date of Birth/Age : |
14.03.1977 |
|
Qualification : |
B.E |
|
Experience : |
15 Years |
|
Date of Appointment : |
19.12.2008 |
|
PAN No.: |
ACIPM3834A |
|
DIN No.: |
00214490 |
KEY EXECUTIVES
|
Name : |
Mr. Sai |
|
Designation : |
Sales Co-Operative |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Manchukonda Prakasham |
24065423 |
52.00 |
|
Manchukonda Anitha |
6941949 |
15.00 |
|
Manchukonda Ravikumar |
6941949 |
15.00 |
|
Manchukonda Surender |
6941949 |
15.00 |
|
Manchukonda Gayatri |
462797 |
1.00 |
|
Manchukonda Meenakshi |
462797 |
1.00 |
|
Manchukonda Prakasham and Co., Industries Private Limited,
India |
462796 |
1.00 |
|
|
|
|
|
Total |
46279660 |
100.00 |
AS ON 24.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
1.00 |
|
Directors
or relatives of directors |
99.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pre-Stressed Cement Concrete (PSCC) Poles. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
10 (Approximately) |
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Bankers : |
· ING Vysya Bank Limited No. 27 to 39,I Floor, Neelgiri Block, Aditya Enclave,Ameerpet, Hyderabad - 500038, Andhra Pradesh, India · ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda - 390015, Gujarat, India · HDFC Bank Limited HDFC Bank House Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India · Axis Bank Limited 5-4-187/6, MG Road, Karbala Maidan, Secunderabad - 500009,
Andhra Pradesh, India |
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
B. Narsing Rao and Company Chartered Accountants |
|
Address : |
Plot No.554, Road No.92, Jubilee Hill, Hyderabad - 500033,
Telangana, India |
|
Tel. No.: |
91-40-23606175 |
|
PAN No.: |
AACFB1524C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which are
owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
CIN No.: U26922TG2003PTC041510 |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 500.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46,279,660 |
Equity Shares |
Rs. 10/- each |
Rs. 462.797 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 |
462.797 |
462.797 |
462.797 |
|
(b) Reserves & Surplus |
243.740 |
219.422 |
208.031 |
|
(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) |
706.537 |
682.219 |
670.828 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
4.415 |
7.705 |
11.287 |
|
(b) Deferred tax liabilities (Net) |
12.758 |
11.998 |
10.061 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
20.179 |
19.719 |
19.137 |
|
Total
Non-current Liabilities (3) |
37.352 |
39.422 |
40.485 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
118.507 |
45.717 |
11.693 |
|
(b)
Trade payables |
0.761 |
26.575 |
41.946 |
|
(c)
Other current liabilities |
44.107 |
53.872 |
64.037 |
|
(d)
Short-term provisions |
54.498 |
63.000 |
56.151 |
|
Total
Current Liabilities (4) |
217.873 |
189.164 |
173.827 |
|
|
|
|
|
|
TOTAL |
961.762 |
910.805 |
885.140 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
405.456 |
411.151 |
390.359 |
|
(ii)
Intangible Assets |
2.973 |
3.457 |
3.436 |
|
(iii)
Capital work-in-progress |
0.679 |
0.598 |
21.488 |
|
(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 |
9.300 |
11.869 |
9.410 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
418.408 |
427.075 |
424.693 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
236.030 |
131.063 |
133.373 |
|
(c)
Trade receivables |
239.245 |
305.632 |
277.062 |
|
(d)
Cash and cash equivalents |
28.874 |
8.807 |
16.262 |
|
(e)
Short-term loans and advances |
39.205 |
38.228 |
33.750 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
543.354 |
483.730 |
460.447 |
|
|
|
|
|
|
TOTAL |
961.762 |
910.805 |
885.140 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
GROSS INCOME |
1195.345 |
1417.462 |
1136.057 |
|
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
151.539 |
131.203 |
123.590 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.120 |
3.843 |
0.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
149.419 |
127.360 |
123.360 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
27.812 |
29.520 |
27.418 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
121.607 |
97.840 |
95.942 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
43.144 |
32.661 |
31.304 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
78.463 |
65.179 |
64.638 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.70 |
1.41 |
1.40 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.65 |
10.75 |
11.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.14 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.17 |
0.08 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.49 |
2.56 |
2.65 |
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 |
462.797 |
462.797 |
462.797 |
|
Reserves & Surplus |
208.031 |
219.422 |
243.740 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
670.828 |
682.219 |
706.537 |
|
|
|
|
|
|
long-term borrowings |
11.287 |
7.705 |
4.415 |
|
Short term borrowings |
11.693 |
45.717 |
118.507 |
|
Total borrowings |
22.980 |
53.422 |
122.922 |
|
Debt/Equity ratio |
0.034 |
0.078 |
0.174 |
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) |
|
Gross
Income |
1136.057 |
1417.462 |
1195.345 |
|
|
|
24.770 |
-15.670 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Gross
Income |
1136.057 |
1417.462 |
1195.345 |
|
Profit |
64.638 |
65.179 |
78.463 |
|
|
5.69% |
4.60% |
6.56% |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10426959 |
02/04/2014 * |
250,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BRANCH,, RAJBHAVAN ROAD, SOMAJ |
C06088074 |
|
2 |
10333952 |
01/02/2012 |
11,287,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B31431786 |
* Date of charge modification
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
a. Guarantees issued by Banks (IVB and SBI) |
100.846 |
81.738 |
|
b. Letters of Credit/Bills discounted |
5.431 |
55.383 |
|
c. Disputed Income Tax Matters Net |
1.226 |
4.737 |
|
d. Disputed Sales Tax Matters |
32.222 |
32.222 |
|
e. Disputed Central Excise and Service Tax Matters |
6.919 |
12.875 |
|
|
|
|
|
Total |
146.644 |
186.955 |
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Furniture and fixtures
· Vehicles
· Office equipment
· Computer software
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. 63.58 |
|
|
1 |
Rs. 97.99 |
|
Euro |
1 |
Rs. 70.53 |
INFORMATION DETAILS
|
Information
Gathered by : |
REK |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
34 |
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.