MIRA INFORM REPORT
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Report No. : |
322625 |
|
Report Date : |
26.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOYAL ENERGY AND STEEL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Ring Road No. 2, Tatibandh, Raipur - 492001, Chhattisgarh |
|
Tel. No.: |
91-771-4066640/ 2573942 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.12.2004 |
|
|
|
|
Com. Reg. No.: |
53 - 017211 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 125.939 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U04010CT2004PTC017211 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AACCG2758E |
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|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Manufacturer of Iron and Steel. |
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|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Slow but correct |
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|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company is normal and acceptable for
business dealing. Trade relations are reported as fair. Business is active. Payment terms
are reported to be slow but correct. The company can be considered normal 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 – 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 PARTED BY
|
Name : |
Mr. Vijay Sharma |
|
Designation : |
Account Department |
|
Contact No.: |
91-771-4066640 |
|
Date : |
14.05.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Ring Road No. 2, Tatibandh, Raipur - 492001, Chhattisgarh, India |
|
Tel. No.: |
91-771-4066640/ 2573942 |
|
Mobile No.: |
91- 9584463606 (Mr. Rao) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
|
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Deepak Kumar Agrawal |
|
Designation : |
Director |
|
Address : |
C/O Goyal Traders, Gudhiyari, Raipur – 492001, Chhattisgarh, India |
|
Date of Birth/Age : |
05.07.1972 |
|
Date of Appointment : |
29.12.2004 |
|
PAN No.: |
ACJPA4646F |
|
DIN No.: |
00285673 |
|
|
|
|
Name : |
Mr. Ritesh Agrawal |
|
Designation : |
Director |
|
Address : |
C/O Goyal Traders, Gudhiyari, Raipur – 492001, Chhattisgarh, India |
|
Date of Birth/Age : |
27.08.1975 |
|
Date of Appointment : |
21.07.2007 |
|
PAN No.: |
ACJPA4646E |
|
DIN No.: |
01586450 |
KEY EXECUTIVES
|
Name : |
Mr. Vijay Sharma |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Deepak Kumar Agrawal |
110800 |
|
Arun kumar Agrawal |
331470 |
|
Rajesh Kumar Agrawal |
58300 |
|
Ratan Lal Agrawal |
52000 |
|
Preeti Agrawal |
5000 |
|
Kavita Agrawal |
119000 |
|
Vimala Agrawal |
140000 |
|
Niraj Agrawal |
43500 |
|
Ritesh Agrawal |
90500 |
|
Namrata Agrawal |
25300 |
|
Sheetal Goyal |
30000 |
|
Shanti Devi Agrawal |
20000 |
|
Goyal Metallics Private Limited, India |
1272000 |
|
Goyal Infraventures Private Limited, India |
104000 |
|
Anubhuti Vanijya Private Limited, India |
3972000 |
|
Longview Financial Management Private Limited, India |
6220000 |
|
Total |
12593870 |
AS ON 31.03.2015
|
Names of Allottee |
No. of Shares |
|
Kirti Jracon Private Limited, India |
375000 |
|
Total |
375000 |
AS ON 28.03.2015
|
Names of Allottee |
No. of Shares |
|
Kirti Jracon Private Limited, India |
625000 |
|
Total |
625000 |
AS ON 26.03.2015
|
Names of Allottee |
No. of Shares |
|
Kirti Jracon Private Limited, India |
284375 |
|
Total |
284375 |
AS ON 18.03.2015
|
Names of Allottee |
No. of Shares |
|
Kirti Jracon Private Limited, India |
312500 |
|
Total |
312500 |
AS ON 11.03.2015
|
Names of Allottee |
No. of Shares |
|
Kirti Jracon private limited, India |
156250 |
|
Total |
156250 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
91.85 |
|
Directors or relatives of Directors |
8.15 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Iron and Steel. |
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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 : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Credit and L/C |
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Purchasing : |
Cash, Credit and L/C |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesaler, Retailer and Manufacturer
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No. of Employees : |
250 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Agarwal bilthare and Associates Chartered Accountants |
|
Address : |
E – 5, Sector 1, Devendra Nahar, Raipur – 492001, Chhattisgarh, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AALFA5280B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : |
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CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs.250.000
Million
Issued, Subscribed & Paid-up Capital : Rs.151.595 Million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
13000000 |
Equity Shares |
Rs.10/- each |
Rs. 130.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
12593870 |
Equity Shares |
Rs.10/- each |
Rs.125.939
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 |
125.939 |
16.719 |
16.719 |
|
(b) Reserves & Surplus |
270.606 |
243.437 |
236.654 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
113.500 |
40.500 |
|
Total
Shareholders’ Funds (1) + (2) |
396.545 |
373.656 |
293.873 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
37.410 |
56.069 |
77.888 |
|
(b) Deferred tax liabilities (Net) |
0.305 |
0.000 |
0.000 |
|
(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) |
37.715 |
56.069 |
77.888 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
404.082 |
393.958 |
410.450 |
|
(b) Trade
payables |
273.937 |
86.074 |
44.427 |
|
(c) Other
current liabilities |
64.224 |
37.964 |
4.218 |
|
(d) Short-term
provisions |
24.431 |
19.483 |
17.095 |
|
Total Current
Liabilities (4) |
766.674 |
537.479 |
476.190 |
|
|
|
|
|
|
TOTAL |
1200.934 |
967.204 |
847.951 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
128.293 |
126.669 |
119.575 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
3.114 |
5.356 |
2.866 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.529 |
2.530 |
1.893 |
|
(c) Deferred tax assets (net) |
0.000 |
0.598 |
0.635 |
|
(d) Long-term Loan and Advances |
23.400 |
27.754 |
24.759 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
157.336 |
162.907 |
149.728 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
718.018 |
592.113 |
383.556 |
|
(c) Trade
receivables |
280.690 |
188.317 |
261.895 |
|
(d) Cash
and cash equivalents |
1.952 |
2.866 |
2.020 |
|
(e)
Short-term loans and advances |
33.622 |
14.801 |
30.076 |
|
(f) Other
current assets |
9.316 |
6.200 |
20.676 |
|
Total
Current Assets |
1043.598 |
804.297 |
698.223 |
|
|
|
|
|
|
TOTAL |
1200.934 |
967.204 |
847.951 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2404.315 |
1731.089 |
1860.213 |
|
|
Other Income |
30.899 |
3.626 |
1.433 |
|
|
TOTAL |
2435.214 |
1734.715 |
1861.646 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
1546.453 |
1592.259 |
1481.015 |
|
|
Purchases of Stock-in-Trade |
511.927 |
49.266 |
49.712 |
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
6.795 |
(245.448) |
(34.155) |
|
|
Employees benefits expense |
7.899 |
9.099 |
5.708 |
|
|
Other expenses |
260.399 |
232.614 |
259.180 |
|
|
TOTAL |
2333.473 |
1637.790 |
1761.460 |
|
|
|
|
|
|
|
Less |
PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION
|
101.741 |
96.925 |
100.186 |
|
|
|
|
|
|
|
FINANCIAL EXPENSES |
62.409 |
61.307 |
60.127 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION |
39.332 |
35.618 |
40.059 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/ AMORTISATION |
21.385 |
24.086 |
28.868 |
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX |
17.947 |
11.532 |
11.191 |
|
|
|
|
|
|
|
Less |
TAX |
5.777 |
4.747 |
3.460 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
12.170 |
6.785 |
7.731 |
|
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
32.972 |
26.187 |
18.455 |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
NA |
32.972 |
26.186 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
0.97 |
0.54 |
0.61 |
|
Particulars |
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
2140.000 |
Expected Sales (2015-16): Rs.2700.000 Million
The above information has been parted by Mr. Vijay Sharma (Account
Department)
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) |
(%) |
0.51 |
0.39 |
0.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
4.23 |
5.60 |
5.39 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.50 |
1.20 |
1.33 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.03 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.11 |
1.20 |
1.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.50 |
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 |
16.719 |
16.719 |
125.939 |
|
Reserves & Surplus |
236.654 |
243.437 |
270.606 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
40.500 |
113.500 |
0.000 |
|
Net worth |
293.873 |
373.656 |
396.545 |
|
|
|
|
|
|
long-term borrowings |
77.888 |
56.069 |
37.410 |
|
Short term borrowings |
410.450 |
393.958 |
404.082 |
|
Total borrowings |
488.338 |
450.027 |
441.492 |
|
Debt/Equity ratio |
1.662 |
1.204 |
1.113 |
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 |
1860.213 |
1731.089 |
2404.315 |
|
|
|
(6.941) |
38.890 |
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 |
1860.213 |
1731.089 |
2404.315 |
|
Profit |
7.731 |
6.785 |
12.17 |
|
|
0.42% |
0.39% |
0.51% |
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 |
Yes |
|
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 |
NOTE:
The registered office of the company has been
shifted from Goyal Traders, Gudhiyari, Raipur-
492001, Chhattisgarh, India to Ring Road No. 2, Tatibandh, Raipur - 492001,
Chhattisgarh, India. (w.e.f. 05.03.2014)
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
26.707 |
42.489 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10563470 |
24/03/2015 |
220,000,000 |
PUNJAB NATIONAL BANK |
PUNJAB NATIONAL BANK, STATION ROAD, RAIPUR, CHHATTISGARH - 492001, INDIA |
C50904283 |
|
2 |
10563474 |
24/03/2015 |
745,000,000 |
PUNJAB NATIONAL BANK |
STATION ROAD, RAIPUR, RAIPUR, CHHATTISGARH - 492001, INDIA |
C50903830 |
|
3 |
10494205 |
13/02/2014 |
2,080,000 |
AXIS BANK LIMITED |
2ND FLOOR, CHAWLA CHAMBERS, OPP. NEW BUS STAND, JEEVAN BIMA MARG, PANDRI, RAIPUR, CHHATTISGARH - 492001, INDIA |
C04148011 |
|
4 |
10453663 |
16/09/2013 |
5,580,000 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL WEST, MUMBAI, MAHARASHTRA - 400013, INDIA |
B86965472 |
|
5 |
10459155 |
16/09/2013 |
5,600,000 |
AXIS BANK LIMITED |
2ND FLOOR, CHAWLA CHAMBERS, OPPOSITE NEW BUS STAND, JEEVAN BEEMA MARG, PANDRI, RAIPUR, CHHATTISGARH - 492001, INDIA |
B89106637 |
|
6 |
10212420 |
14/07/2011 |
40,000,000 |
PUNJAB NATIONAL BANK |
STATION ROAD, RAIPUR, CHHATTISGARH - 492001, INDIA |
B18946954 |
|
7 |
10088181 |
14/07/2011 |
20,000,000 |
PUNJAB NATIONAL BANK |
STATION ROAD, RAIPUR, CHHATTISGARH - 492001, INDIA |
B18945949 |
|
8 |
10088183 |
14/12/2011 |
415,000,000 |
PUNJAB NATIONAL BANK |
STATION ROAD, RAIPUR, CHHATTISGARH - 492001, INDIA |
B30287031 |
|
9 |
10004945 |
22/05/2006 |
670,000.00 |
HDFC BANK LIMITED |
CHAWAL COMPLEX, NEAR VANIJYA BHAWAN, SAI NAGAR, DEVENDRA NAGAR ROAD, RAIPUR, CHHATTISGARH - 492007, INDIA |
A01318005 |
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.99.66 |
|
Euro |
1 |
Rs.70.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DDD |
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 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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 unfavorable
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.