MIRA INFORM REPORT
|
Report No. : |
321486 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
INDO GLOBAL COMMERCIALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
56, East Wardhman Nagar, Nagpur – 440008, Maharashtra |
|
Tel. No.: |
91-712-2683706 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.10.1991 |
|
|
|
|
Com. Reg. No.: |
063736 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.4.332 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23100MH1991PTC063736 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Coal and Papers. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track. Sales turnover of the company has declined which has resulted into dip
in profit of the company during 2014. However, the rating take into consideration Indo Global’s established
market position in paper-trading business supported by sound financial base
and fair liquidity profile of the company. Trade relations are fair. Business is active. Payments are reported to
be 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRSIL |
|
Rating |
Long term rating : BB+ |
|
Rating Explanation |
Inadequate credit quality and high credit risk. |
|
Date |
27.02.2015 |
|
Rating Agency Name |
CRSIL |
|
Rating |
Short term rating : A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
27.02.2015 |
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. L K Lakhotia |
|
Designation : |
General Manager – Marketing |
|
Contact No.: |
91-712-2681706 |
|
Date : |
08.05.2015 |
LOCATIONS
|
Registered Office : |
56, East Wardhman Nagar, Nagpur – 440008, Maharashtra, India |
|
Tel. No.: |
91-712-2683706
- 09 |
|
Mobile No.: |
91-9822665787 (Mr. L K Lakhotia) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Rajendra Premchand Jain |
|
Designation : |
Whole-time director |
|
Address : |
134, Surya Nagar, Bagadganj, Nagpur - 440008, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1961 |
|
Date of Appointment : |
10.03.1997 |
|
DIN No.: |
00514845 |
|
|
|
|
Name : |
Sajjan Chaturbhuj Jain |
|
Designation : |
Whole-time director |
|
Address : |
P.NO. 1333, Deshpande Lay-Out, Wardhaman Nagar, Nagpur - 440008, Maharashtra, India |
|
Date of Birth/Age : |
08.11.1960 |
|
Date of Appointment : |
10.03.1997 |
|
DIN No.: |
01075727 |
|
|
|
|
Name : |
Vinod Chaturbhuj Jain |
|
Designation : |
Whole-time director |
|
Address : |
1427, Deshpande Lay-Out, Nagpur - 440008, Maharashtra, India |
|
Date of Birth/Age : |
12.12.1962 |
|
Date of Appointment : |
05.01.2005 |
|
DIN No.: |
01141827 |
|
|
|
|
Name : |
Surendra Chaturbhuj Jain |
|
Designation : |
Whole-time director |
|
Address : |
1340-1341, Deshpande Lay-Out, Queta Colony, Nagpur - 440008, Maharashtra, India |
|
Date of Birth/Age : |
18.07.196 |
|
Date of Appointment : |
10.03.1997 |
|
DIN No.: |
01142135 |
|
|
|
|
Name : |
Rajesh Sajjan Jain |
|
Designation : |
Director |
|
Address : |
Plot no. 1333, Deshpande Layout, Wardhaman Nagar, Nagpur - 440008, Maharashtra, India |
|
Date of Birth/Age : |
20.02.1986 |
|
Date of Appointment : |
02.05.2011 |
|
DIN No.: |
03520107 |
KEY EXECUTIVES
|
Name : |
R A Dagan ad Company |
|
Designation : |
Company Secretary |
|
Address : |
601, 602, B Wing, 6th Floor, Lokmat Bhawan, Ramdaspeth,
Nagpur – 440012, Maharashtra, India |
|
Email : : |
|
|
|
|
|
Name : |
Mr. L K Lakhotia |
|
Designation : |
General Manager – Marketing |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Surender Jain |
|
3500 |
|
Vinod Jain |
|
3500 |
|
Rajendra Jain |
|
3500 |
|
Sajjan Jain |
|
3500 |
|
Sunita Jain |
|
3000 |
|
Manju Jain |
|
3000 |
|
Suman Jain |
|
3000 |
|
Shikha Jain |
|
3000 |
|
Chaturbhuj Jain |
|
500 |
|
Shanti Devi Jain |
|
250 |
|
Rajesh Jain |
|
70 |
|
Ankush Jain |
|
1500 |
|
Sajjan Jain HUF |
|
3000 |
|
Rajendra Jain HUF |
|
3000 |
|
Ankit Jain |
|
3000 |
|
Vinod Jain HUF |
|
3000 |
|
Surrender Jain HUF |
|
3000 |
|
|
|
|
|
Total |
|
43320 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Coal and Papers. |
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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 : |
Not Divulged |
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Imports : |
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Products : |
Coal and Papers |
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Countries : |
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Terms : |
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Selling : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
Note : Primary security Exclusive first charge by hypothecation of entire stock of finished
goods at company’s premises including goods in transit and book debts. Collateral security Immovable Property 1) Equitable mortgage of plot no.56, NMC House No.1075, Mouza Pardi
Wardhaman Nagar, in the name of Shri Sajjan Jain, Shri Vinod Jain, Shri
Surender Jain and Shri Rajendra Jain – directors. 2) Equitable mortgage of House No.1333, KH No.53,54, and 57 Mouza
Pardi Deshpande Lay-out, Nagpur – 440008 in the name of Mrs. Manju Sajjan
Jain. 3) Equitable mortgage of Plot No.T-2, CS No.207, Transpoft Free Zone
Co-op Housing Society, Mouza Pardi Wardhaman Nagar, in the name of Shri
Rajendra Premchand Jain. Third party guarantee Personal guarantees of Shri Sajjan Kumar Jain, Shri Vinod Jain, Shri
Surender Jain, Shri Rajendra Jain, Smt. Manju Jain and Shri Rajesh Jain |
|
Auditors : |
|
|
Name : |
Agarwal Challani and Company Chartered Accountants |
|
Address : |
51/A, Ground Floor, New Colony, Behind Chhaoni Police Chowky, Nagpur –
440001, Maharashtra, India |
|
Tel. No.: |
91-712-2595653 / 2595750 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFA2753L |
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43,320 |
Equity Shares |
Rs.100/- each |
Rs.4.332
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 |
4.332 |
4.475 |
4.475 |
|
(b) Reserves &
Surplus |
179.645 |
164.958 |
142.074 |
|
(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) |
183.977 |
169.433 |
146.549 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
54.962 |
|
(b) Deferred tax
liabilities (Net) |
7.448 |
8.359 |
8.818 |
|
(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) |
7.448 |
8.359 |
63.780 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
95.929 |
83.707 |
208.359 |
|
(b) Trade payables |
182.297 |
155.639 |
118.000 |
|
(c) Other current
liabilities |
5.900 |
8.583 |
9.020 |
|
(d) Short-term provisions |
1.586 |
0.672 |
0.833 |
|
Total Current Liabilities
(4) |
285.712 |
248.601 |
336.212 |
|
|
|
|
|
|
TOTAL |
477.137 |
426.393 |
546.541 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
65.581 |
44.409 |
42.400 |
|
(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 |
2.495 |
0.001 |
0.001 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
9.855 |
11.272 |
11.278 |
|
Total Non-Current Assets |
77.931 |
55.682 |
53.679 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
339.332 |
324.875 |
457.285 |
|
(d) Cash and cash
equivalents |
34.803 |
22.694 |
5.715 |
|
(e) Short-term loans and
advances |
14.869 |
14.607 |
16.914 |
|
(f) Other current assets |
10.202 |
8.535 |
12.948 |
|
Total Current Assets |
399.206 |
370.711 |
492.862 |
|
|
|
|
|
|
TOTAL |
477.137 |
426.393 |
546.541 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
322.559 |
508.167 |
599.103 |
|
|
Other Income |
0.129 |
0.320 |
0.060 |
|
|
TOTAL (A) |
322.688 |
508.487 |
599.163 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
242.061 |
429.181 |
531.164 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
0.000 |
0.000 |
1.058 |
|
|
Employees benefits
expense |
14.213 |
13.495 |
7.676 |
|
|
Other expenses |
15.232 |
9.325 |
12.184 |
|
|
TOTAL (B) |
271.506 |
452.001 |
552.082 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
51.182 |
56.486 |
47.081 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
19.970 |
19.499 |
23.147 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
31.212 |
36.987 |
23.934 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.003 |
2.897 |
2.544 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
28.209 |
34.090 |
21.390 |
|
|
|
|
|
|
|
Less |
TAX (H) |
9.089 |
11.207 |
6.761 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
19.120 |
22.883 |
14.629 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
6.886 |
0.000 |
NA |
|
|
TOTAL EARNINGS |
6.886 |
0.000 |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
441.37 |
511.00 |
327.00 |
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.93 |
4.50 |
2.44 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
15.87 |
11.12 |
7.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.94 |
7.99 |
3.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.20 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.52 |
0.49 |
1.80 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.49 |
1.47 |
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 |
4.475 |
4.475 |
4.332 |
|
Reserves & Surplus |
142.074 |
164.958 |
179.645 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
146.549 |
169.433 |
183.977 |
|
|
|
|
|
|
long-term borrowings |
54.962 |
0.000 |
0.000 |
|
Short term borrowings |
208.359 |
83.707 |
95.929 |
|
Total borrowings |
263.321 |
83.707 |
95.929 |
|
Debt/Equity ratio |
1.797 |
0.494 |
0.521 |
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) |
|
Sales |
599.103 |
508.167 |
322.559 |
|
|
|
(15.179) |
(36.525) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
599.103 |
508.167 |
322.559 |
|
Profit |
14.629 |
22.883 |
19.120 |
|
|
2.44% |
4.50% |
5.93% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS: NOT AVAILABLE
|
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 |
No |
|
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 CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90154858 |
24/01/2014 * |
236,000,000.00 |
STATE BANK OF INDIA |
HINGNA INDUSTRIAL ESTATE, PLOT NO. 43, MIDC, HING |
B95771358 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Computer
- Wind mill
- Motor car
- Scoter and Motor Cycle
- Furniture and Fixture
- Office Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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 : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
4 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
NO |
|
--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.