MIRA INFORM REPORT
|
Report No. : |
348080 |
|
Report Date : |
06.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMITASHA ENTERPRISES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
101, Dharmapeth Extension, Shivaji Nagar, Nagpur – 440 010,
Maharashtra |
|
Tel. No.: |
91-7104-235536/ 236198/ 235207 |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
12.04.1993 |
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|
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Com. Reg. No.: |
11-071552 |
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Capital
Investment / Paid-up Capital : |
Rs. 45.043 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27200MH1993PTC071552 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPA00529E |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCA4423B |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business
: |
Subject is the manufacturer and provider of turnkey
solution for high voltage transmission line tower, telecommunication towers
and custom built steel structures. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
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 |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 1993 and it is the manufacturer and provider of turnkey solution for high voltage transmission line tower, telecommunication towers and custom built steel structures. The company’s products include transmission line towers, steel structures for emergency restoration system for transmission line, substation gantry and equipment support structures, microwave towers and GSM antenna structures for rooftop and green field. For the financial year ended 2014, revenue of the company has declined by 8.66% but it has maintained above average profit margins at 1.12% during the year under a review. Rating reflect company’s established track record in the tower manufacturing business and its above average financial risk profile marked by comfortable net worth and gearing levels and average debt protection metrics. Rating strengths is partially offset by the susceptibility of company’s operating margin to risks related to its tender-based operations, and its large working capital requirements. Trade relations are reported as fair. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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 = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
20.10.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and high credit risk |
|
Date |
20.10.2014 |
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
31-03-2015.
INFORMATION DECLINED
Management non cooperative (91-7104-235536)
LOCATIONS
|
Registered Office : |
101, Dharmapeth Extension, Shivaji Nagar, Nagpur – 440 010,
Maharashtra, India |
|
Tel. No.: |
91-7104-235536/ 236198/ 235207 |
|
Fax No.: |
91-7104-235208 91-712-2248288 |
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E-Mail : |
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Website : |
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Location : |
Owned |
|
|
|
|
Factory : |
36, Village Nildoh, Hingna Road, Nagpur – 440 016,
Maharashtra, India |
|
Tel. No.: |
91-7104-236198/ 235536 |
|
Fax No.: |
91-7104-235208 |
|
E-Mail : |
DIRECTORS
AS ON 22.09.2014
|
Name : |
Mr. Rajendra Mohan Singh |
|
|
Designation : |
Managing Director |
|
|
Address : |
101, Shivaji Nagar, Nagpur – 440 010, Maharashtra, India |
|
|
Date of Birth/Age : |
21.03.1961 |
|
|
Date of Appointment : |
01.04.2008 |
|
|
DIN No.: |
01538980 |
|
|
|
|
|
|
Name : |
Mrs. Harneet Rajendra Singh |
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|
Designation : |
Director |
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|
Address : |
101,
Shivaji Nagar, Nagpur – 440 010, Maharashtra, India |
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|
Date of Birth/Age : |
18.11.1965 |
|
|
Date of Appointment : |
12.04.1993 |
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|
DIN No.: |
00225386 |
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|
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|
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|
Name : |
Mr. Singh Anand Jagjot |
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|
Designation : |
Director |
|
|
Address : |
C-8,
Sector-39, Noida – 201 301, Uttar Pradesh, India |
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|
Date of Birth/Age : |
26.10.1964 |
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Date of Appointment : |
01.04.2008 |
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DIN No.: |
00588056 |
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|
|
|
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|
Name : |
Mr. Tapankumar Ramanimohan Datta |
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Designation : |
Director |
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Address : |
Lokseva
Nagar, Bhamti, Nagpur – 440022, Maharashtra, India |
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Date of Birth/Age : |
05.01.1946 |
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Date of Appointment : |
01.01.2007 |
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DIN No.: |
01297147 |
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||
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Name : |
Mrs. Vimla Surendramohan Singh |
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|
Designation : |
Director |
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|
Address : |
101, Shivaji Nagar, Nagpur – 440 010, Maharashtra, India |
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|
Date of Birth/Age : |
26.10.1941 |
|
|
Date of Appointment : |
17.04.1993 |
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DIN No.: |
02170720 |
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|
|
|
|
|
Name : |
Mr. Yogendra Mohan Singh |
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Designation : |
Director |
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|
Address : |
101,
Dharampeth, Nagpur – 440 010, Maharashtra, India |
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Date of Birth/Age : |
30.08.1963 |
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Date of Appointment : |
12.04.1993 |
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DIN No.: |
02361791 |
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MAJOR SHAREHOLDERS
As on 22.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Vimla Surendramohan Singh |
846580 |
18.79 |
|
S. M. Singh (HUF) |
588403 |
13.06 |
|
Rajendra Mohan Singh |
883801 |
19.62 |
|
R. M. Singh (HUF) |
489557 |
10.87 |
|
Harneet Rajendra Singh |
61298 |
1.36 |
|
Yogendra Mohan Singh |
883801 |
19.62 |
|
Y. M. Singh (HUF) |
489557 |
10.87 |
|
Renu Yogendra Singh |
61298 |
1.36 |
|
Sunrise Steel Industries Private Limited, India |
200004 |
4.44 |
|
Total |
4504299 |
100.00 |
As on 22.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
4.44 |
|
Directors or relatives of Directors |
95.56 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is the manufacturer and provider of turnkey
solution for high voltage transmission line tower, telecommunication towers
and custom built steel structures. |
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Products : |
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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 : |
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Selling : |
Not Divulged |
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Purchasing : |
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 : |
Information declined by the management. |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Dhoot Bagadia and Company Chartered Accountants |
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Address : |
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PAN No.: |
AAAFD7387D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates |
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CAPITAL STRUCTURE
As on 22.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9000000 |
Equity Shares |
Rs.10/- each |
Rs.90.000 Million |
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4504299 |
Equity Shares |
Rs.10/- each |
Rs. 45.043 Million |
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|
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|
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 |
45.043 |
42.000 |
42.000 |
|
(b) Reserves &
Surplus |
582.762 |
510.084 |
492.959 |
|
(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) |
627.805 |
552.084 |
534.959 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
116.266 |
146.669 |
21.248 |
|
(b) Deferred tax
liabilities (Net) |
13.856 |
10.838 |
11.050 |
|
(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) |
130.122 |
157.507 |
32.298 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
608.185 |
546.806 |
444.501 |
|
(b) Trade payables |
373.030 |
510.299 |
463.891 |
|
(c) Other current
liabilities |
4.161 |
3.224 |
2.540 |
|
(d) Short-term provisions |
29.066 |
23.388 |
24.276 |
|
Total Current Liabilities
(4) |
1014.442 |
1083.717 |
935.208 |
|
|
|
|
|
|
TOTAL |
1772.369 |
1793.308 |
1502.465 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
218.259 |
192.567 |
152.668 |
|
(ii) Intangible Assets |
0.771 |
0.781 |
0.946 |
|
(iii) Capital
work-in-progress |
17.307 |
6.449 |
21.620 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
10.050 |
10.050 |
10.050 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
22.885 |
8.125 |
15.911 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
269.272 |
217.972 |
201.195 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
|
|
|
(b) Inventories |
589.417 |
648.758 |
511.487 |
|
(c) Trade receivables |
636.426 |
589.552 |
592.860 |
|
(d) Cash and cash
equivalents |
79.435 |
96.886 |
45.908 |
|
(e) Short-term loans and
advances |
197.819 |
240.140 |
150.980 |
|
(f) Other current assets |
0.000 |
0.000 |
0.035 |
|
Total Current Assets |
1503.097 |
1575.336 |
1301.270 |
|
|
|
|
|
|
TOTAL |
1772.369 |
1793.308 |
1502.465 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
NET
TURNOVER |
3194.600 |
3497.601 |
2163.434 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
80.441 |
44.980 |
54.062 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
27.703 |
23.504 |
23.399 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
52.738 |
21.476 |
30.663 |
|
|
|
|
|
|
|
Less |
TAX |
17.018 |
4.352 |
12.901 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
35.720 |
17.124 |
17.762 |
|
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|
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|
|
|
EARNINGS IN FOREIGN
CURRENCY |
69.991 |
220.756 |
25.301 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
7.93 |
3.80 |
3.94 |
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 |
|
Net cash flow from operating activity |
52.738 |
21.476 |
30.663 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Net Profit Margin (PAT / Turnover) |
(%) |
1.12 |
0.49 |
0.82 |
|
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|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.02 |
1.21 |
2.08 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.04 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.15 |
1.26 |
0.87 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48 |
1.45 |
1.39 |
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 |
42.000 |
42.000 |
45.043 |
|
Reserves & Surplus |
492.959 |
510.084 |
582.762 |
|
Net worth |
534.959 |
552.084 |
627.805 |
|
|
|
|
|
|
long-term borrowings |
21.248 |
146.669 |
116.266 |
|
Short term borrowings |
444.501 |
546.806 |
608.185 |
|
Total borrowings |
465.749 |
693.475 |
724.451 |
|
Debt/Equity ratio |
0.871 |
1.256 |
1.154 |
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) |
|
Turnover |
2163.434 |
3497.601 |
3194.600 |
|
|
|
61.669 |
(8.663) |
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 |
2163.434 |
3497.601 |
3194.600 |
|
Turnover |
17.762 |
17.124 |
35.720 |
|
|
0.82% |
0.49% |
1.12% |
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 |
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 |
Yes |
|
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 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10374542 |
16/04/2014 * |
1,090,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, 5 SAI COMPLEX, BHARAT |
C05550488 |
|
2 |
10374543 |
16/04/2014 * |
1,090,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE BANK, 5 SAI COMPLEX, BHARAT NAGAR, NAGPUR, MAHARASHTRA - 440033, INDIA |
C05590682 |
|
3 |
10285187 |
30/04/2011 |
138,534,000.00 |
THE SARASWAT CO OPERATIVE BANK LIMITED |
GANDHIBAG BRANCH,
CENTRAL AVENUE ROAD, AGRASEN C |
B12101846 |
|
4 |
10288053 |
23/04/2011 |
6,615,000.00 |
Punjab National Bank |
MIDC HINGNA ROAD BRANCH, HINGNA ROAD, NAGPUR, MAHARASHTRA - 440012, INDIA |
B13403563 |
|
5 |
10123285 |
02/08/2008 |
680,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, 5, SAI COMPLEX, AMRAVA |
A45933470 |
|
6 |
10098640 |
30/03/2012 * |
680,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BANK, 5 SAI COMPLEX, BHARAT NA |
B37973658 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
21.075 |
31.641 |
|
Deferred payment liabilities |
2.903 |
4.099 |
|
Loans and advances from related parties |
89.362 |
107.606 |
|
Total |
113.340 |
143.346 |
FIXED ASSETS
- Land
- Buildings
- Office building
- Factory building
- Plant and equipment
- Factory equipments
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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. 65.67 |
|
|
1 |
Rs. 101.02 |
|
Euro |
1 |
Rs. 71.34 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
RKI |
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 |
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 |
|
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.