MIRA INFORM REPORT
|
Report No. : |
349747 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHRI BHAGWATI
MACHINES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
G-179, RICCO Industrial Area Extension, Parbat Pura, Ajmer – 305002,
Rajasthan |
|
Tel. No.: |
91-145-2695712 / 2695868 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.08.1995 |
|
|
|
|
Com. Reg. No.: |
17-010632 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51505RJ1995PTC010632 |
|
|
|
|
IEC No.: |
1306001927 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCS1826L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Stone Processing Machines. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1995, having satisfactory track. For the year 2014, the company has recorded slight decline in its
revenue base as compared to last year, however reported satisfactory
profitability margin. It possesses adequate networth base. Trade relations are fair. Business is active. Payments are slow but
correct. The company can be considered 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
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Olvin Bannet |
|
Designation : |
Quality Control Department |
|
Contact No.: |
91-145-2695712 |
|
Date : |
13.11.2015 |
LOCATIONS
|
Registered Office / Factory : |
G-179, RICCO Industrial Area Extension, Parbat Pura, Ajmer – 305002,
Rajasthan, India |
|
Tel. No.: |
91-145-2695712 / 2695868 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Yashwant Sharma |
|
Designation : |
Director |
|
Address : |
978/32, Behind Convent School, Alwar Gate, Ajmer - 305001, Rajasthan, India |
|
Date of Birth/Age : |
20.06.1967 |
|
Date of Appointment : |
29.08.1995 |
|
DIN No.: |
00534666 |
|
|
|
|
Name : |
Mr. Omanshu Sharma |
|
Designation : |
Director |
|
Address : |
Band Kuyen Ki Gali, Alwar Gate, Ajmer - 305001, Rajasthan, India |
|
Date of Birth/Age : |
01.09.1991 |
|
Date of Appointment : |
01.02.2011 |
|
DIN No.: |
05110272 |
KEY EXECUTIVES
|
Name : |
Mr. Olvin Bannet |
|
Designation : |
Quality Control Department |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Dinesh Sharma |
2000 |
2.00 |
|
Yashwant Sharma |
57000 |
57.00 |
|
Anju Sharma |
24000 |
24.00 |
|
Sushila Devi Sharma |
10000 |
10.00 |
|
Omanshu Sharma |
7000 |
7.00 |
|
Total |
100000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Stone Processing Machines. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS (31.03.2014)
|
Particulars |
Unit |
Quantity |
|
Production |
(PCS) |
178 |
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 : |
Mittal and Mittal Chartered Accountants |
|
Address : |
C/O Mittal Chambers Near OBC, Vaishali Nagar, Ajmer – 305001,
Rajasthan, India |
|
Membership No.: |
074983 |
|
PAN No.: |
AADFM0690B |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs.1.500 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.10/- each |
Rs.1.000
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 |
1.000 |
1.000 |
0.530 |
|
(b) Reserves &
Surplus |
31.812 |
21.762 |
6.792 |
|
(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) |
32.812 |
22.762 |
7.322 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
14.614 |
0.629 |
0.847 |
|
(b) Deferred tax
liabilities (Net) |
0.295 |
0.283 |
0.568 |
|
(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) |
14.909 |
0.912 |
1.415 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
63.163 |
21.180 |
2.070 |
|
(b) Trade payables |
24.053 |
33.424 |
5.553 |
|
(c) Other current
liabilities |
53.850 |
52.362 |
39.151 |
|
(d) Short-term provisions |
6.894 |
6.841 |
2.573 |
|
Total Current Liabilities
(4) |
147.960 |
113.807 |
49.347 |
|
|
|
|
|
|
TOTAL |
195.681 |
137.481 |
58.084 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
57.514 |
38.135 |
16.612 |
|
(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 |
3.129 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.342 |
2.025 |
0.000 |
|
(e) Other Non-current
assets |
0.309 |
0.294 |
0.179 |
|
Total Non-Current Assets |
68.294 |
40.454 |
16.791 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
65.414 |
41.391 |
6.493 |
|
(c) Trade receivables |
31.042 |
31.251 |
16.689 |
|
(d) Cash and cash
equivalents |
3.048 |
7.262 |
10.628 |
|
(e) Short-term loans and
advances |
5.523 |
7.181 |
4.860 |
|
(f) Other current assets |
22.360 |
9.942 |
2.623 |
|
Total Current Assets |
127.387 |
97.027 |
41.293 |
|
|
|
|
|
|
TOTAL |
195.681 |
137.481 |
58.084 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
280.796 |
339.155 |
116.160 |
|
|
Other Income |
1.665 |
0.519 |
0.134 |
|
|
TOTAL |
282.461 |
339.674 |
116.294 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
221.547 |
304.788 |
102.150 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
5.748 |
(6.314) |
(3.500) |
|
|
Employees benefits
expense |
13.247 |
7.259 |
2.476 |
|
|
Other expenses |
15.676 |
12.443 |
5.354 |
|
|
TOTAL |
256.218 |
318.176 |
106.480 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
26.243 |
21.498 |
9.814 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
5.999 |
0.762 |
0.645 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION |
20.244 |
20.736 |
9.169 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.985 |
2.750 |
2.507 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
15.259 |
17.986 |
6.662 |
|
|
|
|
|
|
|
Less |
TAX |
5.209 |
5.366 |
2.611 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
10.050 |
12.620 |
4.051 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
100.50 |
126.20 |
40.51 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.906 |
2.318 |
0.834 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.58 |
3.72 |
3.49 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
9.35 |
6.34 |
8.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.92 |
13.08 |
11.47 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.47 |
0.79 |
0.91 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.40 |
1.06 |
0.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.86 |
0.85 |
0.84 |
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 |
0.530 |
1.000 |
1.000 |
|
Reserves & Surplus |
6.792 |
21.762 |
31.812 |
|
Net worth |
7.322 |
22.762 |
32.812 |
|
|
|
|
|
|
long-term borrowings |
0.847 |
0.629 |
14.614 |
|
Short term borrowings |
2.070 |
21.180 |
63.163 |
|
Current Maturities of
Long Term Debt |
0.834 |
2.318 |
0.906 |
|
Total borrowings |
3.751 |
24.127 |
78.683 |
|
Debt/Equity ratio |
0.512 |
1.060 |
2.398 |
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 |
116.160 |
339.155 |
280.796 |
|
|
|
191.972 |
(17.207) |
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 |
116.160 |
339.155 |
280.796 |
|
Profit |
4.051 |
12.620 |
10.050 |
|
|
3.49% |
3.72% |
3.58% |
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 |
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 |
No |
|
18 |
Major suppliers |
No |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
OPERATION
The company is a manufacturing concern producing Stone Processing Machines. There was weakness in Industrial Production in the through their country. Accordingly turnover remains Rs.282.500 Million resulting in net profit of Rs.10.100 Million only as given above.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Term Loan - From
banks |
|
|
|
Bank of Baroda Term Loan A/c |
5.000 |
0.000 |
|
HDFC Bank Limited Pajero Car Loan |
0.773 |
0.629 |
|
ICICI Toyota Car Loan |
0.354 |
0.000 |
|
Other Loans and
advances |
|
|
|
Small Industries Development of India |
8.487 |
0.000 |
|
SHORT TERM
BORROWING |
|
|
|
Loans Repayable on
Demands - From Others |
|
|
|
Sunil Agarwal HUF |
4.432 |
4.162 |
|
Swapnil Agarwal |
9.715 |
4.123 |
|
The Goyals |
0.000 |
1.042 |
|
Vikram Electro Chemical Industries Private Limited |
0.000 |
3.037 |
|
Muna Agarwal |
3.878 |
3.556 |
|
BP RaTHi |
1.000 |
0.000 |
|
BP Rathi and Sons HUF |
1.000 |
0.000 |
|
Dinesh Kanti Bhai Patel |
0.406 |
0.000 |
|
Geeta Devi |
1.182 |
0.000 |
|
Jolly industries |
0.350 |
0.000 |
|
Jolly its different |
1.000 |
0.000 |
|
Pooja Sharma |
0.153 |
0.000 |
|
Ratan lal |
1.075 |
0.000 |
|
R.C. sharma |
0.662 |
0.000 |
|
Shankutla nahar |
0.483 |
0.000 |
|
Tanmay Rathi |
1.000 |
0.000 |
|
Vikas Nahar |
0.484 |
0.000 |
|
Total |
41.434 |
16.549 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10474960 |
13/01/2014 |
7,000,000.00 |
Bank of Baroda |
P.R. MARG BRANCH, AJMER - 305001, Rajasthan, INDIA |
B95239984 |
|
2 |
10451281 |
12/09/2013 |
9,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
FIRST FLOOR, OPPOSITE AGRASEN BHAWAN, JAIPUR ROAD, MADANGANJ, KISHANGARH - 305801, Rajasthan, INDIA |
B85832145 |
|
3 |
10480432 |
06/04/2013 |
40,000,000.00 |
BANK OF BARODA |
PR MARG, AJMER - 305001, Rajasthan, INDIA |
B93573582 |
|
4 |
90066819 |
03/06/1998 |
600,000.00 |
GRAMIN BANK |
AJMER, AJMER, Rajasthan, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Plant and Machinery
- Motor Vehicles
- Computer Equipments
- Other Equipments
- Factory Building
- Furniture and Fixtures
- Land
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 records 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.66.13 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
AMT |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
41 |
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.