MIRA INFORM REPORT
|
Report No. : |
322234 |
|
Report Date : |
18.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
TATA CAPITAL LIMITED [w.e.f. 08.05.2007] |
|
|
|
|
Formerly Known
As : |
PRIMAL INVESTMENTS AND FINANCE LIMITED |
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|
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|
Registered Office
: |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, |
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|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2014 |
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|
Date of
Incorporation : |
08.03.1991 |
|
|
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Com. Reg. No.: |
11-060670 |
|
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Capital Investment
/ Paid-up Capital : |
Rs. 35123.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65990MH1991PLC060670 |
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|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP08794C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP9147C |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject Offers Fund and Fee-Based Financial Services. |
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|
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|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Aa (80) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Excellent Company |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of “TATA SONS LIMITED”. It is a
well-established and reputed company having fine track record. For the financial year ended 2014, the company has reported revenue of
Rs. 1671.800 Million (Previous year 1453.900 Million 2013) and it has
maintained decent profitability margins. Rating takes into consideration Tata capital’s strong operational
profile supported by adequate financial base and strong liquidity profile of
the company. Rating also takes into consideration strong financial and managerial
support that company receives from its holding company backed by its well
experienced management team. Trade relations are reported to be trustworthy. Payments are reported
to be regular and as per commitment. In view of being a part of Tata group of companies backed by its well
experienced management team, the company can be considered good for normal
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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
Management non co-operative (91-22-61828282
LOCATIONS
|
Registered Office : |
One Forbes, Dr. V. B. Gandhi Marg, Fort, Mumbai – 400001, |
|
Tel. No.: |
91-22-67459000 |
|
Fax No.: |
91-22-66106722 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.06.2014
|
Name : |
Mr. Ishaat Rayasat Hussain |
|
Designation : |
Director |
|
Address : |
222-A, NCPA Apartments, Nariman Point, Mumbai – 400021, |
|
Date of Birth/Age : |
02.09.1947 |
|
Date of Appointment : |
13.04.2007 |
|
Din No.: |
00027891 |
|
|
|
|
Name : |
Mr. Farokh Nariman Subedar |
|
Designation : |
Director |
|
Address : |
1, |
|
Date of Birth/Age : |
24.09.1955 |
|
Date of Appointment : |
11.03.1997 |
|
Din No.: |
00028428 |
|
|
|
|
Name : |
Mrs. Janki Amarnath Ballabh |
|
Designation : |
Director |
|
Address : |
Flat No.605, Versova Vinayak CHS., Near Versova, Telephone Exchange,
Versova, Andheri (West), Mumbai – 400053, |
|
Date of Birth/Age : |
24.10.1942 |
|
Date of Appointment : |
17.06.2008 |
|
Din No.: |
00011206 |
|
|
|
|
Name : |
Mr. Praveen Purshottam Kadle |
|
Designation : |
Director |
|
Address : |
224, NCPA Apartment, Nariman Point, Mumbai – 400021, |
|
Date of Birth/Age : |
21.01.1957 |
|
Date of Appointment : |
13.04.2007 |
|
Din No.: |
00016814 |
KEY EXECUTIVES
|
Name : |
Ms. Sarita Ganesh Kamath |
|
Designation : |
Secretary |
|
Address : |
11/192, Asha Canbank Employees CHS Garodia Nagar, Ghatkopar (East), Mumbai-400077,
Maharashtra, India |
|
Date of Birth/Age : |
02.04.1978 |
|
Date of Appointment : |
27.03.2012 |
|
Pan No.: |
00011206 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.06.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED.
As on 30.06.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
94.41 |
|
Directors or relatives of Directors |
0.08 |
|
Other top fifty shareholders |
5.27 |
|
Other |
0.24 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject Offers Fund and Fee-Based Financial Services. |
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|
Products : |
Not Available |
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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 : |
Not Divulged |
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Bankers : |
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Financial
Institution : |
IL and Fs Trust Company Limited, IL and Fs Financial Centre, Plot No.
C-22, G Block, Bandra Kurla Complex, Bandra (East), Mumbai-400051,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells LLP Chartered Accountant |
|
Address : |
32nd Floor,Tower 3,India Bulls Finance Centre, Senapati Bapat Marg,
Elphinstone Mills Compound, Mumbai – 400013, Maharashtra, India |
|
PAN No.: |
AACFD4815A |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Holding Company : |
·
Tata
Sons Limited |
|
|
|
|
Subsidiaries : |
|
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|
Indirect
Subsidiaries : |
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Associates : |
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Joint Ventures : |
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Fellow Subsidiaries
: |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4750000000 |
Equity Shares |
Rs.10/- each |
Rs.47500.000 Million |
|
2500000 |
Redeemable Non Cumulative Preferences Shares |
Rs.1000/- each |
Rs.2500.000 Million |
|
|
Total |
|
Rs. 50000.000
Million |
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2826092570 |
Equity Shares |
Rs.10/- each
|
Rs.
28260.900 Million |
|
7570424 |
Preference Shares |
Rs.1000/-
each |
Rs. 7570.400
Million |
|
|
Total |
|
Rs. 35831.300 Million |
Subscribed Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2826018170 |
Equity Shares |
Rs.10/- each
|
Rs.28260.200
Million |
|
6863676 |
Preference Shares |
Rs.1000/- each |
Rs. 6863.700
Million |
|
|
Total |
|
Rs. 35123.900 Million |
Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2826018170 |
Equity Shares |
Rs.10/- each
|
Rs.28260.200
Million |
|
|
Less: Loan given to “TCL Employees Welfare Trust” |
|
Rs.0.300
Million |
|
|
Less: Loans to Employees |
|
Rs.0.100
Million |
|
|
Total
|
|
Rs. 28260.600 Million |
After 30.06.2014
Authorised Capital : Rs. 80.000 Million
Paid-up Capital : Rs. 41.873 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 |
35123.500 |
30329.800 |
25423.800 |
|
(b) Reserves & Surplus |
4587.800 |
4390.300 |
1506.600 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
60.400 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
39771.700 |
34720.100 |
26930.400 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
450.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
1502.000 |
1502.000 |
0.000 |
|
(d) long-term provisions |
2.300 |
7.600 |
2.000 |
|
Total
Non-current Liabilities (3) |
1504.300 |
1959.600 |
2.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2214.000 |
2603.500 |
8363.500 |
|
(b) Trade payables |
189.100 |
291.600 |
712.300 |
|
(c) Other current liabilities |
530.200 |
43.000 |
82.600 |
|
(d) Short-term provisions |
630.300 |
122.700 |
5.500 |
|
Total
Current Liabilities (4) |
3563.600 |
3060.800 |
9163.900 |
|
|
|
|
|
|
TOTAL |
44839.600 |
39740.500 |
36096.300 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1365.600 |
1166.200 |
12.300 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.200 |
2.500 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
40312.600 |
37242.300 |
34784.200 |
|
(c) Deferred tax assets (net) |
28.100 |
9.100 |
1.300 |
|
(d) Long-term Loan and Advances |
326.400 |
221.900 |
641.800 |
|
(e) Other Non-current assets |
29.200 |
19.500 |
125.300 |
|
Total
Non-Current Assets |
42062.100 |
38661.500 |
35564.900 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade receivables |
114.000 |
44.300 |
160.700 |
|
(d) Cash and cash equivalents |
12.100 |
20.400 |
351.300 |
|
(e) Short-term loans and
advances |
1923.500 |
562.000 |
9.300 |
|
(f) Other current assets |
727.900 |
452.300 |
10.100 |
|
Total
Current Assets |
2777.500 |
1079.000 |
531.400 |
|
|
|
|
|
|
TOTAL |
44839.600 |
39740.500 |
36096.300 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1308.200 |
1132.000 |
627.600 |
|
|
Profit on sale of long term
investment |
0.000 |
0.000 |
1410.600 |
|
|
Other Income |
363.600 |
321.900 |
82.300 |
|
|
TOTAL
(A) |
1671.800 |
1453.900 |
2120.500 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Employees benefits expense |
308.200 |
294.500 |
312.100 |
|
|
Other expenses |
244.100 |
191.900 |
158.900 |
|
|
Amortization of Expenses |
29.000 |
9.200 |
6.400 |
|
|
TOTAL
(B) |
581.300 |
495.600 |
477.400 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
1090.500 |
958.300 |
1643.100 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
159.600 |
621.000 |
487.200 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
930.900 |
337.300 |
1155.900 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
65.900 |
29.500 |
3.300 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
865.000 |
307.800 |
1152.600 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
89.400 |
78.000 |
188.400 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
775.600 |
229.800 |
964.200 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
155.100 |
46.300 |
192.800 |
|
|
Dividend |
578.300 |
113.000 |
0.000 |
|
|
Total
(M) |
733.400 |
159.300 |
192.800 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.07 |
0.04 |
0.38 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
450.000 |
0.000 |
0.000 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
59.29 |
20.30 |
153.63 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
83.36 |
84.66 |
261.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
19.23 |
12.38 |
87.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02 |
0.01 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.06 |
0.09 |
0.31 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.78 |
0.35 |
0.06 |
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 |
25423.800 |
30329.800 |
35123.500 |
|
Reserves & Surplus |
1506.600 |
4390.300 |
4587.800 |
|
Share application money pending
allotment fund |
0.000 |
0.000 |
60.400 |
|
Net
worth |
26930.400 |
34720.100 |
39771.700 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
450.000 |
0.000 |
|
Short term borrowings |
8363.500 |
2603.500 |
2214.000 |
|
Total
borrowings |
8363.500 |
3053.500 |
2214.000 |
|
Debt/Equity
ratio |
0.311 |
0.088 |
0.056 |
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 |
627.600 |
1132.000 |
1308.200 |
|
|
|
80.370 |
15.565 |
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 |
627.600 |
1132.000 |
1308.200 |
|
Profit |
964.200 |
229.800 |
775.600 |
|
|
153.63% |
20.30% |
59.29% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
----- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
No |
|
8 |
Designation of contact person |
No |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
No |
|
21 |
Banking facility details |
------ |
|
22 |
Conduct of the banking account |
------ |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
---- |
|
33 |
Market information |
---- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Inter Corporate Deposit |
0.000 |
450.000 |
|
|
|
|
|
SHORT TERM
BORROWING |
|
|
|
Other Loans and Advances |
2214.000 |
2603.500 |
|
|
|
|
|
Total |
2214.000 |
3053.5 |
CORPORATE INFORMATION
Subject is a subsidiary of Tata Sons Limited. In May 2012, TCL was registered with the Reserve Bank of India (“RBI”) as a Core Investment Company (“CIC”).
As a CIC, TCL is primarily a holding company, holding investments in its subsidiaries and other group companies and carries out only such activities, as are permitted under the guidelines issued by the RBI for CICs. The Company’s subsidiaries are engaged in a wide array of businesses in the financial services sector.
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
· Building
· Leasehold Improvement
· Furniture and fixtures
· Computers Equipment
· Office Equipment
·
Vehicles
·
Construction equipment
·
Plant and Machinery
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.63.57 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs. 72.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
9 |
|
PAID-UP CAPITAL |
1~10 |
8 |
|
OPERATING SCALE |
1~10 |
9 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILITY |
1~10 |
9 |
|
--LIQUIDITY |
1~10 |
9 |
|
--LEVERAGE |
1~10 |
9 |
|
--RESERVES |
1~10 |
9 |
|
--CREDIT LINES |
1~10 |
9 |
|
--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 |
|
80 |
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.