MIRA INFORM REPORT
|
Report No. : |
348352 |
|
Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
ANAND CARBO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
11, Clive Row, Ground
Floor, Kolkata - 700001, West Bengal |
|
Tel. No.: |
91-33-22422650 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.07.1999 |
|
|
|
|
Com. Reg. No.: |
21-089844 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.16.192 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27104WB1999PTC089844 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALA10669B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCA7304F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject engaged
in trading of coal and providing services in relation to procurement,
handling and delivery of coal from different collieries. |
|
|
|
|
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 |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in 1999, was promoted by Mr. Hanuman mal bhutoria and his brother, Mr. Mangi Lal Bhutorio of Kolkatta. Post incorporation, subject remained dormant for about seven years. In 2007, the company started trading in coal products. It has five stockyards with aggregate storage area of around 12 acres spread across Dankuni, Kharagpur, Dhanbad, Khilari, Cuttack. It has satisfactory track record. The company possesses a decent profile marked by decent networth base along with fair liquidity and profitability. The rating also takes into consideration long business experience of the promoters in coal trading, diversified customer base with established relationship, comfortable capital structure and favourable industry outlook. Trade relations are reported as fair. Business is active. Payment are reported to be usually correct. The company can be considered normal for business dealings at usual trade terms and conditions. Note: Partial information is gathered from indirect source i.e CARE. |
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 |
CARE |
|
Rating |
Long term bank facilities: BBB- |
|
Rating Explanation |
Having moderate degree of safety and carry moderate credit risk. |
|
Date |
30.12.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank facilities: A3 |
|
Rating Explanation |
Having moderate degree of safety and carry higher credit risk. |
|
Date |
30.12.2014 |
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 BY
|
Name : |
Mr. Karan Kumar Bhutoria |
|
Designation : |
Director |
|
Contact No.: |
91-9830637008 |
|
Date : |
04.11.2015 |
LOCATIONS
|
Registered Office : |
11, Clive Row, Ground Floor, Kolkata - 700001, West
Bengal, India |
|
Tel. No.: |
|
|
Mobile No.: |
91-9830637008 / 9830065397 (Mr. Karan Kumar Bhutoria) |
|
Fax No.: |
|
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Operates
Branch Offices : |
Located
At :
|
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Hanuman Mal Bhutoria |
|
Designation : |
Director |
|
Address : |
11, Clive Row, Ground Floor, Kolkata - 700001, West
Bengal, India |
|
Date of Birth/Age : |
15.08.1963 |
|
Date of Appointment : |
14.07.1999 |
|
PAN No.: |
ADEPB5534F |
|
DIN No. : |
00860664 |
|
|
|
|
Name : |
Mr. Karan Kumar Bhutoria |
|
Designation : |
Director |
|
Address : |
4, Pretoria Street, Flat – 3D,
Kolkata – 700071, West Bengal, India |
|
Date of Birth/Age : |
09.11.1987 |
|
Date of Appointment : |
25.04.2013 |
|
DIN No. : |
06566924 |
|
|
|
|
Name : |
Mr. Mangi Lal Bhutoria |
|
Designation : |
Director |
|
Address : |
11, Clive Row, Ground Floor, Kolkata - 700001, West
Bengal, India |
|
Date of Birth/Age : |
09.11.1967 |
|
Date of Appointment : |
14.07.1999 |
|
PAN No. : |
ADEPB5533C |
|
DIN No. : |
00860725 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Hanuman Mal Bhutoria |
|
50825 |
|
Mangi Lal Bhutoria |
|
100825 |
|
Nihal Chand Bhutoria and Others |
|
10000 |
|
Mangi Lal Bhutoria HUF |
|
84000 |
|
Wise Housing Development Private Limited, , India |
|
245000 |
|
Dynamic Devcon Private Limited, India |
|
152500 |
|
N C B Como Trade Private Limited, India |
|
204000 |
|
Innocent Trades Limited, India |
|
183000 |
|
Exmark Distributors Private Limited, India |
|
589000 |
|
|
|
|
|
Total |
|
1619150 |
AS ON 03.30.2015
|
Names of Allottees |
|
No. of Shares |
|
Gaurav Bhutoria |
|
9140 |
|
Shruti Bhutoria |
|
8820 |
|
Mangi Lal Bhutoria |
|
4860 |
|
Total |
|
22820 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
84.83 |
|
Directors or relatives of Directors |
15.17 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject engaged in trading of coal and providing services in relation to
procurement, handling and delivery of coal from different collieries. |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
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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||||||||||||||||||||||
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Virendra Surana and Company Chartered Accountants |
|
Address : |
Swaika Centre, 4A Pollock Street, 3rd Floor, Kolkata-700001, West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFV9723A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their relatives: |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1641970 |
Equity Shares |
Rs.10/- each |
Rs. 16.420
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1650000 |
Equity Shares |
Rs.10/- each |
Rs. 16.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1619150 |
Equity Shares |
Rs.10/- each |
Rs. 16.192
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 |
16.192 |
15.702 |
8.017 |
|
(b) Reserves & Surplus |
240.401 |
214.389 |
82.550 |
|
(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) |
256.593 |
230.091 |
90.567 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.803 |
1.440 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
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) |
0.803 |
1.440 |
0.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
77.178 |
68.686 |
39.845 |
|
(b) Trade payables |
78.586 |
182.788 |
316.331 |
|
(c) Other current liabilities |
20.323 |
32.802 |
108.352 |
|
(d) Short-term provisions |
26.297 |
16.877 |
4.993 |
|
Total
Current Liabilities (4) |
202.384 |
301.153 |
469.521 |
|
|
|
|
|
|
TOTAL |
459.780 |
532.684 |
560.088 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.964 |
4.624 |
2.735 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.076 |
0.076 |
1.076 |
|
(c) Deferred tax assets (net) |
0.000 |
0.096 |
0.034 |
|
(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 |
4.040 |
4.796 |
3.845 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
72.132 |
231.675 |
107.610 |
|
(c) Trade receivables |
195.240 |
251.458 |
424.547 |
|
(d) Cash and cash equivalents |
10.931 |
9.121 |
8.595 |
|
(e) Short-term loans and
advances |
177.437 |
35.634 |
15.491 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
455.740 |
527.888 |
556.243 |
|
|
|
|
|
|
TOTAL |
459.780 |
532.684 |
560.088 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1384.630 |
1267.476 |
953.187 |
|
|
Other Income |
|
|
0.043 |
|
|
TOTAL
(A) |
1384.630 |
1267.476 |
953.230 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
1344.795 |
|
933.708 |
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
|
|
(80.302) |
|
|
Employees benefits expense |
|
|
2.884 |
|
|
Other expenses |
|
|
83.554 |
|
|
TOTAL
(B) |
1344.795 |
1223.957 |
939.844 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
39.835 |
43.519 |
13.386 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
10.668 |
6.628 |
6.279 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.167 |
36.891 |
7.107 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
1.060 |
0.820 |
0.299 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
28.107 |
36.071 |
6.808 |
|
|
|
|
|
|
|
Less |
TAX (H) |
9.535 |
11.822 |
2.185 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
18.572 |
24.249 |
4.623 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
35.164 |
10.915 |
6.292 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
53.736 |
35.164 |
10.915 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
11.47 |
15.44 |
5.77 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.631 |
0.574 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
4.899 |
(138.537) |
7.889 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
NA |
0.49 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
1.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.11 |
6.77 |
1.22 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.16 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.31 |
0.31 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.25 |
1.75 |
1.18 |
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 |
8.017 |
15.702 |
16.192 |
|
Reserves & Surplus |
82.550 |
214.389 |
240.401 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
90.567 |
230.091 |
256.593 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
1.440 |
0.803 |
|
Short term borrowings |
39.845 |
68.686 |
77.178 |
|
Total
borrowings |
39.845 |
70.126 |
77.981 |
|
Debt/Equity
ratio |
0.440 |
0.305 |
0.304 |
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) |
|
Total Income |
953.230 |
1267.476 |
1384.630 |
|
|
|
32.966 |
9.243 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
953.230 |
1267.476 |
1384.630 |
|
Profit |
4.623 |
24.249 |
18.572 |
|
|
0.48% |
1.91% |
1.34% |
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 |
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 |
10073726 |
19/05/2015 * |
218,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JEEVANDEEP, 1,MIDDLETON STREET |
C54117619 |
|
2 |
10073727 |
19/05/2015 * |
218,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, JEEVANDEEP, 1,MIDDLETON STREET |
C54118435 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.65.57 |
|
UK Pound |
1 |
Rs.01.13 |
|
Euro |
1 |
Rs.71.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
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.