MIRA INFORM REPORT
|
Report No. : |
321747 |
|
Report Date : |
09.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
KRYSTAL STEEL MANUFACTURING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
4/6, Alankar Cinema Building, 2nd Khetwadi Lane, Mumbai –
400004, Maharashtra |
|
Tel. No.: |
91-2667-264777 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.11.2006 |
|
|
|
|
Com. Reg. No.: |
165777 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs. 54.935 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109MH2006PTC165777 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
PAN No.: [Permanent Account No.] |
AACCK9332J |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Seamless - Stainless, Duplex and Nickel Alloy Tubes, Pipes, U and Coil Tubes. |
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|
|
|
No. of Employees
: |
150 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 410000 |
|
|
|
|
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. The company has fair profit margin during FY2014. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct. Subject 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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term rating : BB |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
December, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating : A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
December, 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. Alpesh Patel |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-2667-264777 |
|
Date : |
08.05.2015 |
LOCATIONS
|
Registered Office : |
4/6, Alankar Cinema Building, 2nd Khetwadi Lane, Mumbai – 400004, Maharashtra, India |
|
Tel. No.: |
91-22-23885471 |
|
Fax No.: |
91-22-23881890 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Operations Office /
Marketing Office / Factory : |
Plot #. KV-2, GIDC Manjusar, Taluka: Savli, Vadodara - 391775. Gujarat, India |
|
Tel. No.: |
91-2667-64 777 /778/779/780 |
DIRECTORS
As on 29.09.2014
|
Name : |
Nilesh Shantilal Shah |
|
Designation : |
Director |
|
Address : |
Mumbadevi CHSL, 2nd Floor, Room No. 10, 48 Kakadwadi, Girgaum., Mumbai, 400004, Maharashtra, India |
|
Date of Birth/Age : |
11.06.1987 |
|
Date of Appointment : |
14.02.2014 |
|
DIN No.: |
00333060 |
|
|
|
|
Name : |
Mohanlal Tarachand Shah |
|
Designation : |
Director |
|
Address : |
8, Kikabhoy Mansion,, Gulabwadi, Mumbai - 400004, Maharashtra, India |
|
Date of Birth/Age : |
13.05.1967 |
|
Date of Appointment : |
24.11.2006 |
|
DIN No.: |
00770306 |
|
|
|
|
Name : |
Vijay Tarachand Shah |
|
Designation : |
Director |
|
Address : |
Room No 24, 2nd Floor, Urankarwadi, Building No 2, Mumbai - 400004, Maharashtra, India |
|
Date of Birth/Age : |
20.07.1979 |
|
Date of Appointment : |
24.11.2006 |
|
DIN No.: |
01104511 |
|
|
|
|
Name : |
Dilipkumar Jaswantraj Shah |
|
Designation : |
Director |
|
Address : |
'Tulsi', 4th Floor, Room No. 121, 178, Khetwadi Back Road, Mumbai - 400004, Maharashtra, India |
|
Date of Birth/Age : |
01.07.1971 |
|
Date of Appointment : |
04.06.2007 |
|
DIN No.: |
01676439 |
KEY EXECUTIVES
|
Name : |
Mr. Alpesh Patel |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
SHAREHOLDERS DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
78.05 |
|
Other top fifty shareholders |
21.95 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Seamless - Stainless, Duplex and Nickel Alloy Tubes, Pipes, U and Coil Tubes. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
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|
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|
Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished goods |
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Countries : |
|
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Imports : |
Not Divulged |
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|
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Terms : |
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Selling : |
Cash and Credit |
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|
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Rajendra B. Shah and Company Chartered Accountants |
|
Address : |
501-502, Atlantic Commercial Tower, R. B. Mehta, Marg, Ghatkopar East, Mumbai, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAPPS7875J |
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|
|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
|
|
Associate Company: |
U51909MH2005PTC157277 |
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Sister Concern : |
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Other Related
Parties : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
5,500,000 |
Equity Shares |
Rs.10/- each |
Rs.55.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,493,500 |
Equity Shares |
Rs.10/- each |
Rs.54.935
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 |
54.935 |
54.935 |
54.935 |
|
(b) Reserves &
Surplus |
89.405 |
74.847 |
63.098 |
|
(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) |
144.340 |
129.782 |
118.033 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
42.938 |
23.202 |
32.857 |
|
(b) Deferred tax
liabilities (Net) |
17.516 |
12.644 |
10.486 |
|
(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) |
60.454 |
35.846 |
43.343 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
222.907 |
195.428 |
123.335 |
|
(b) Trade payables |
138.317 |
80.377 |
62.422 |
|
(c) Other current
liabilities |
45.215 |
44.088 |
37.112 |
|
(d) Short-term provisions |
4.811 |
3.394 |
3.004 |
|
Total Current Liabilities
(4) |
411.250 |
323.287 |
225.873 |
|
|
|
|
|
|
TOTAL |
616.044 |
488.915 |
387.249 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
161.770 |
143.335 |
139.933 |
|
(ii) Intangible Assets |
0.329 |
0.421 |
0.408 |
|
(iii) Capital
work-in-progress |
0.000 |
0.013 |
0.000 |
|
(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 |
1.047 |
1.412 |
1.398 |
|
(e) Other Non-current
assets |
0.014 |
0.002 |
0.002 |
|
Total Non-Current Assets |
163.160 |
145.183 |
141.741 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.032 |
0.029 |
|
(b) Inventories |
235.527 |
147.287 |
79.751 |
|
(c) Trade receivables |
127.409 |
156.805 |
131.533 |
|
(d) Cash and cash
equivalents |
34.108 |
19.597 |
14.929 |
|
(e) Short-term loans and
advances |
48.496 |
14.618 |
11.940 |
|
(f) Other current assets |
7.344 |
5.393 |
7.326 |
|
Total Current Assets |
452.884 |
343.732 |
245.508 |
|
|
|
|
|
|
TOTAL |
616.044 |
488.915 |
387.249 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
744.346 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL (A) |
811.482 |
744.346 |
621.357 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL (B) |
753.543 |
695.218 |
575.387 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
57.939 |
49.128 |
45.970 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
25.328 |
24.502 |
23.008 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
32.611 |
24.626 |
22.962 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
8.160 |
7.052 |
6.553 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
24.451 |
17.574 |
16.409 |
|
|
|
|
|
|
|
Less |
TAX (H) |
9.893 |
5.825 |
6.017 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
14.558 |
11.749 |
10.392 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
40.107 |
28.358 |
17.966 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
54.665 |
40.107 |
28.358 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
441.605 |
275.010 |
59.857 |
|
|
Other Earning |
1.197 |
0.000 |
0.000 |
|
|
TOTAL EARNINGS |
442.802 |
275.010 |
59.857 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
430.158 |
301.937 |
129.670 |
|
|
TOTAL IMPORTS |
430.158 |
301.937 |
129.670 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(Rs.) |
2.65 |
2.14 |
-- |
Expected Sales ( 2014-2015 ) : Rs.950.000 Million
The above information has been parted by Mr. Alpesh Patel.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.79 |
1.58 |
1.67 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
7.14 |
6.60 |
7.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.97 |
3.59 |
4.24 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.14 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.84 |
1.68 |
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.06 |
1.09 |
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 |
54.935 |
54.935 |
54.935 |
|
Reserves & Surplus |
63.098 |
74.847 |
89.405 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
118.033 |
129.782 |
144.340 |
|
|
|
|
|
|
long-term borrowings |
32.857 |
23.202 |
42.938 |
|
Short term borrowings |
123.335 |
195.428 |
222.907 |
|
Total borrowings |
156.192 |
218.630 |
265.845 |
|
Debt/Equity ratio |
1.323 |
1.685 |
1.842 |
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 |
621.357 |
744.346 |
811.482 |
|
|
|
19.794 |
9.019 |
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 |
621.357 |
744.346 |
811.482 |
|
Profit |
10.392 |
11.749 |
14.558 |
|
|
1.67% |
1.58% |
1.79% |
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 |
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
4.700 |
0.000 |
|
Loans and advances from related parties |
6.484 |
0.000 |
|
Short-term
borrowings |
|
|
|
Intercorporate borrowings |
13.000 |
6.200 |
|
Loans and advances from related parties |
30.631 |
15.780 |
|
Total |
54.815 |
21.980 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10553934 |
24/01/2015 |
40,000,000.00 |
THE BANK OF BARODA LIMITED |
36, CRYSTAL BUILDING, KEMPS CORNER,, ALTAMOUNT RO |
C46065926 |
|
2 |
10065636 |
10/08/2013 * |
339,917,000.00 |
THE BANK OF BARODA LIMITED |
ALTAMOUNT ROAD BRANCH, KEMPS CORNER, MUMBAI, MAHAR |
B86047438 |
|
3 |
10065519 |
13/08/2013 * |
339,917,000.00 |
THE BANK OF BARODA LIMITED |
ALTAMOUNT ROAD BRANCH, KEMPS CORNER, MUMBAI, MAHAR |
B86650405 |
* Date of charge modification
OPERATIONS &
MARKETING
Operating in an uncertain environment, the company demonstrated the resilience of its business model. The company has achieved revenue from operation of Rs.804.206 Million compared to previous years Rs.740.675 Million registering a growth of 8.57%. Profit before tax at Rs. 24.451 Million was higher by 39.13% compared to Rs..17.574 Million in 2012-13. This was mainly due to operational efficiency, control over costs and better planning.
Company has achieved major breakthrough with overseas customers in current year with 53.15% growth over 2012-13. The company is focused on increasing its export turnover over the coming years.
Company has been investing in incremental capacity buildup, expanding the product range and the latest testing facilities every year. This has helped in ensuring a consistent performance notwithstanding the gloomy economic situation within the country and overseas during the year.
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.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
YES |
|
--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.