MIRA INFORM REPORT
|
Report No. : |
324110 |
|
Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
A ONE STEELS INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 852, Front Portion, 1st Floor, D Block, Sahakarnagar, Bangalore
– 560092, Karnataka |
|
Tel. No.: |
91-80-41108405 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.04.2008 |
|
|
|
|
Com. Reg. No.: |
08-046184 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 85.462 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310KA2008PTC046184 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCA9918E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of MS Channel, Billets, etc. |
|
|
|
|
No. of Employees
: |
110 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 360000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The rating reflects company moderate financial risk profile marked by low
reserves level and increased in the borrowings of the company during FY 2014. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings with some
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 – 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 |
CRISIL |
|
Rating |
Long term rating = B |
|
Rating Explanation |
High risk of default |
|
Date |
January 1, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A4 |
|
Rating Explanation |
Minimal degree of safety and carry very high
credit risk. |
|
Date |
January 1, 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. Pankaj |
|
Designation : |
Finance Head |
|
Contact No.: |
91-8105304301 |
|
Date : |
22.05.2015 |
LOCATIONS
|
Registered Office : |
No. 852, Front Portion, 1st Floor, D Block, Sahakarnagar, Bangalore
– 560092, Karnataka, India |
|
Tel. No.: |
91-80-41108405 |
|
Mobile No.: |
91-8105304301 (Mr. Pankaj) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Sy. No. 15, Manesamudram, Penukanda Road, Hindupur, Anantapur District,
Andhra Pradesh, India |
|
|
|
|
Branch Office 1 : |
Shop No. 3, Nagappa Blcok, B H Road, Gauribidanur – 561208, Karnataka,
India |
|
|
|
|
Branch Office 2 : |
Sy. No. 85/5, No. 6, Chokkanahali Villag, Jakkur Post, Yelahanka – 560064,
Karnataka, India |
DIRECTORS
AS ON 29.09.2011
|
Name : |
Mr. Sandeep Kumar |
|
Designation : |
Director |
|
Address : |
Flat No. 22, 1st Floor, Sirsa Club, Janta Bhavan Road,
Sirsa – 125055, Haryana, India |
|
Date of Birth/Age : |
25.07.1977 |
|
Date of Appointment : |
24.04.2008 |
|
PAN No.: |
AELPK0053Q |
|
DIN No.: |
02112630 |
|
|
|
|
Name : |
Mr. Sunil Kumar Jallan |
|
Designation : |
Director |
|
Address : |
Ward No. 4, Ellenabad, Sirsa – 125102, Haryana, India |
|
Date of Birth/Age : |
20.05.1973 |
|
Date of Appointment : |
24.04.2008 |
|
PAN No.: |
ACDPJ0966D |
|
DIN No.: |
02150846 |
|
|
|
|
Name : |
Mr. Krishan Kumar Jalan |
|
Designation : |
Director |
|
Address : |
Ward No. 4, Ellenabad, Sirsa – 125102, Haryana, India |
|
Date of Birth/Age : |
01.01.1956 |
|
Date of Appointment : |
24.04.2008 |
|
DIN No.: |
02114715 |
KEY EXECUTIVES
|
Name : |
Mr. Pankaj |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2011
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 29.09.2011
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of MS Channel, Billets, etc. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Advance Payment, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, Advance Payment, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· MS Metals and Steels Private Limited |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and Manufacturer
· Prime Gold International Limited |
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|
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No. of Employees : |
110 (Approximately) |
||||||||||||||||||||||
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|
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|
Bankers : |
·
State Bank of India Hindupur Branch, Hindupur - 515201, Andhra
Pradesh, India ·
Axis Bank Limited #41, Sheshadri Road, Anand Rao Circle, Bangalore
- 560009, Karnataka, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution : |
·
Andhra Pradesh State Financial Corporation 5-9-194, Chirag Ali Lane, Hyderabad - 500001,
Andhra Pradesh, India |
|
|
|
|
Auditors : |
|
|
Name : |
Mohan and Chandrashekar Chartered Accountants |
|
Address : |
H No 3, 1st Floor, 5th Main 5th Cross,
Jayamahal Extn, Bangalore – 560046, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFM2931R |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associate Companies
: |
· One Steels and Alloys Private Limited · Aaryan Hitech Steels India Private Limited |
CAPITAL STRUCTURE
AS ON 29.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
450,000 |
Equity Shares |
Rs. 100/- each |
Rs. 45.000 Million |
|
100,000 |
Preference Shares |
Rs. 100/- each |
Rs. 10.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 55.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
408,495 |
Equity Shares |
Rs. 10/- each |
Rs. 40.850 Million |
|
58,000 |
Preference Shares |
Rs. 100/- each |
Rs. 5.800 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 46.650
Million |
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
900,000 |
Equity Shares |
Rs. 100/- each |
Rs. 90.000 Million |
|
100,000 |
Preference Shares |
Rs. 100/- each |
Rs. 10.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 100.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
777,615 |
Equity Shares |
Rs. 10/- each |
Rs. 77.762 Million |
|
77,000 |
Preference Shares |
Rs. 100/- each |
Rs. 7.700 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 85.462
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 |
85.462 |
85.462 |
85.462 |
|
(b) Reserves & Surplus |
30.312 |
26.937 |
22.880 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
9.478 |
11.410 |
11.410 |
|
Total Shareholders’
Funds (1) + (2) |
125.252 |
123.809 |
119.752 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
138.056 |
125.704 |
95.437 |
|
(b) Deferred tax liabilities (Net) |
15.421 |
13.398 |
12.245 |
|
(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) |
153.477 |
139.102 |
107.682 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
137.796 |
126.066 |
132.541 |
|
(b)
Trade payables |
154.966 |
41.044 |
22.914 |
|
(c)
Other current liabilities |
22.081 |
16.420 |
15.393 |
|
(d)
Short-term provisions |
1.219 |
1.573 |
3.016 |
|
Total
Current Liabilities (4) |
316.062 |
185.103 |
173.864 |
|
|
|
|
|
|
TOTAL |
594.791 |
448.014 |
401.298 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
170.269 |
166.100 |
169.612 |
|
(ii)
Intangible Assets |
1.729 |
2.016 |
1.122 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
171.998 |
168.116 |
170.734 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
210.002 |
152.663 |
119.154 |
|
(c)
Trade receivables |
87.657 |
56.870 |
43.841 |
|
(d)
Cash and cash equivalents |
8.850 |
3.480 |
23.394 |
|
(e)
Short-term loans and advances |
113.877 |
64.282 |
42.962 |
|
(f)
Other current assets |
2.407 |
2.603 |
1.213 |
|
Total
Current Assets |
422.793 |
279.898 |
230.564 |
|
|
|
|
|
|
TOTAL |
594.791 |
448.014 |
401.298 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1163.994 |
792.377 |
798.850 |
|
|
|
Other Income |
2.379 |
2.247 |
0.651 |
|
|
|
TOTAL |
1166.373 |
794.624 |
799.501 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1137.483 |
765.731 |
756.982 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
28.890 |
28.893 |
42.519 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
22.221 |
20.760 |
20.760 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.669 |
8.133 |
21.759 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.294 |
2.780 |
5.526 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
3.375 |
5.353 |
16.233 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.95 |
6.26 |
18.99 |
|
Expected Sales (2014-2015): Rs. 1200.000 Million
The above information has been parted by Mr. Pankaj (Finance Head)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.29 |
0.68 |
2.03 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.12 |
1.82 |
5.42 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.07 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.20 |
2.03 |
1.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.51 |
1.33 |
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 |
85.462 |
85.462 |
85.462 |
|
Reserves & Surplus |
22.880 |
26.937 |
30.312 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
9.478 |
11.410 |
11.410 |
|
Net
worth |
117.820 |
123.809 |
127.184 |
|
|
|
|
|
|
Long-term borrowings |
95.437 |
125.704 |
138.056 |
|
Short term borrowings |
132.541 |
126.066 |
137.796 |
|
Total
borrowings |
227.978 |
251.770 |
275.852 |
|
Debt/Equity ratio |
1.935 |
2.034 |
2.169 |
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 |
798.850 |
792.377 |
1163.994 |
|
|
|
-0.810 |
46.899 |
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 |
798.850 |
792.377 |
1163.994 |
|
Profit |
16.233 |
5.353 |
3.375 |
|
|
2.03% |
0.68% |
0.29% |
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 |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
Yes |
|
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10184583 |
12/05/2012 * |
281,500,000.00 |
STATE BANK OF
INDIA |
HINDUPUR BRANCH, HINDUPUR,
ANDHRA PRADESH - 515201, INDIA |
B41053000 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
93.114 |
55.745 |
|
|
|
|
|
Total |
93.114 |
55.745 |
FINANCIAL AND
OPERATING PERFORMANCE
During the year companies, Turnover is marginally decreased, as
expansion and Implementation of new plants were in progress and expected to achieve
higher target in coming year. The overall revenue increased for the year is
1163.994 Million (Previous year 792.377 Million).
On the expenses front, operating and other expenses increased, resulted
in lower Operating Profit and Net Profit.
The Company has drawn up a solid business plan to perform better in the
current year.
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and equipment
·
Factory equipments
·
Other plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipments
·
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 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. 63.62 |
|
|
1 |
Rs. 98.51 |
|
Euro |
1 |
Rs. 69.93 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
|
29 |
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.