MIRA INFORM REPORT
|
Report No. : |
350911 |
|
Report Date : |
23.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUARDIAN CASTINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
414, 415, 416 Mahinder Chambers Premises CS Limited, W T Patil Marg,
Opposite Duke Factory, Chembur, Mumbai-400071, Maharashtra |
|
Tel. No.: |
91-22-25200770 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
29.01.2004 |
|
|
|
|
Com. Reg. No.: |
11-144279 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 20.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27310MH2004PTC144279 |
|
|
|
|
IEC No.: |
0305019279 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG09977C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG1913H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of M.S. Ingots, M.S. Billets, TMT, etc. |
|
|
|
|
No. of Employees
: |
Information declined by the Management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2004 having
moderate track record. Profit of the company has sharply declined during FY 2014. Further, the borrowings recorded by the company are also huge which may
act as a threat to the liquidity position of the company. Their trade relations are reported as fair. Business is active. Payments terms are reported as slow but correct. The company can be considered for business dealings with some caution. Note: The company is
in process of amalgamating Guardian Steel Private Limited with our company by
Board Resolution dated 15th November, 2013, Your approval was
sought for said amalgamation vide No Objection Certificate dated 24th
Dec 2013. The appointment date as per schedule of amalgamation was 1st
April 2013. The Company has filed CSD with Honble High court on 26th
February, 2014 and same is in pending before Honble High court. In view of above, your Director have decided to change the appointment
date as 1st April 2014 and file a fresh CSD with Honable High
Court to expedite the process of amalgamation. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term =BB+ (Suspended) |
|
Rating Explanation |
Moderate risk of default |
|
Date |
April, 2013 |
|
|
|
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term=A4+ (Suspended) |
|
Rating Explanation |
Minimal degree of safety and carry very high
credit risk |
|
Date |
April, 2013 |
Reason for Suspension: Company not parted
requisite information to undertake rating.
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
(Contact No: 91-22-25200770)
LOCATIONS
|
Registered Office : |
414, 415, 416 Mahinder Chambers Premises CS Limited, W T Patil Marg, Opposite
Duke Factory, Chembur, Mumbai-400071, Maharashtra, India |
|
Tel. No.: |
91-22-25200770 |
|
Fax No.: |
91-22-25205771 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Gat No. 92/1, Post and Village, Abitgar, Wada - Shahpur
Road, Wada Thane – 421303, Maharashtra, India |
|
Tel. No.: |
91-2526-228061/ 62 |
DIRECTORS
AS ON 30.12.2014
|
Name : |
Mr. Shravan Ravinder Agarwal |
|
Designation : |
Director |
|
Address : |
235, Vijay Bhavan, 10th Road, Chembur, Mumbai-400071, Maharashtra,
India |
|
Date of Birth/Age : |
05.05.1983 |
|
Date of Appointment : |
29.01.2004 |
|
PAN No.: |
AEKPA3620E |
|
DIN No.: |
01509488 |
|
|
|
|
Name : |
Mr. Sukumaran Nair |
|
Designation : |
Director |
|
Address : |
303 Ajit Apartments, Sarvodaya Nagar, Nahur , Mulund West,
Mumbai-400080, Maharashtra, India |
|
Date of Birth/Age : |
25.06.1944 |
|
Date of Appointment : |
29.01.2004 |
|
PAN No.: |
ADFPA6011K |
|
DIN No.: |
01564111 |
|
|
|
|
Name : |
Mr. Ravinder Chimanlal Aggarwal |
|
Designation : |
Additional director |
|
Address : |
235, Vijay Bhavan, 10th Road, Chembur, Mumbai-400071, Maharashtra,
India |
|
Date of Birth/Age : |
14.07.1949 |
|
Date of Appointment : |
12.04.2013 |
|
PAN No.: |
AABPA3387M |
|
DIN No.: |
01581651 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Shravan R. Aggarwal |
|
169590 |
|
K. Sukumaran |
|
100 |
|
Sejalben Sardhara |
|
10 |
|
Koonjan Sardhara |
|
10 |
|
Sadhnaben Sardhara |
|
10 |
|
Balubhai Sardhara |
|
10 |
|
Kiran Jotani |
|
10 |
|
Sujata Aggarwal |
|
50 |
|
Kavita Punwani |
|
10 |
|
Anjana Aggarwal |
|
12547 |
|
Ravinder Aggarwal
HUF |
|
1100 |
|
Ashwin Desai |
|
50 |
|
Kusum M. Aggarwal |
|
1 |
|
Gautam Aggarwal |
|
1 |
|
Siddharth Aggarwal |
|
1 |
|
Ravinder Aggarwal |
|
16500 |
|
Amita Sharma |
|
1 |
|
Chandrika Kanakia |
|
1 |
|
Ravi Kanakia |
|
1 |
|
Total |
|
200003 |
AS ON 30.12.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
99.92 |
|
Other
top fifty shareholders |
0.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of M.S. Ingots, M.S. Billets, TMT, etc. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS (AS ON 31.03.2014)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
MS
Ingots / MS Billets/ TMT |
M.T |
Not Applicable |
1,20,000 |
79689.700 |
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 : |
· Oriental Bank of Commerce Mandvi Branch, AGH Chambers, 379/381, Narsi Natha Street, Mandvi,
Mumbai-400009, Maharashtra, India |
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Facilities : |
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Udyen
Jain and Associates Chartered Accountants |
|
Address : |
203, 2nd Floor, Mahinder
Chambers, WT Patil Marg, Opposite Dukes Factory, Chembur, Mumbai-400071,
Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AABFU9032D |
|
|
|
|
Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
|
|
Associates /Subsidiaries / Group Companies : |
·
Guardian Steels Private Limited, India
(U27100MH1997PTC109334) ·
Shravan Steels · Shree Satguru Steels |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs. 100/- each |
Rs. 25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,003 |
Equity Shares |
Rs. 100/- each |
Rs. 20.000
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 |
20.000 |
20.000 |
20.000 |
|
(b) Reserves & Surplus |
76.340 |
73.360 |
62.687 |
|
(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) |
96.340 |
93.360 |
82.687 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
148.062 |
150.305 |
141.074 |
|
(b) Deferred tax liabilities (Net) |
9.651 |
9.268 |
8.304 |
|
(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) |
157.713 |
159.573 |
149.378 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
237.297 |
15.959 |
91.143 |
|
(b)
Trade payables |
80.875 |
194.503 |
93.904 |
|
(c)
Other current liabilities |
39.645 |
45.086 |
35.193 |
|
(d)
Short-term provisions |
24.192 |
22.302 |
18.643 |
|
Total
Current Liabilities (4) |
382.009 |
277.850 |
238.883 |
|
|
|
|
|
|
TOTAL |
636.062 |
530.783 |
470.948 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
184.506 |
176.409 |
170.145 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
30.693 |
29.932 |
25.320 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
215.199 |
206.341 |
195.465 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
172.415 |
154.310 |
175.064 |
|
(c)
Trade receivables |
96.055 |
48.189 |
18.704 |
|
(d)
Cash and cash equivalents |
13.048 |
12.178 |
7.646 |
|
(e)
Short-term loans and advances |
139.345 |
109.765 |
74.069 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
420.863 |
324.442 |
275.483 |
|
|
|
|
|
|
TOTAL |
636.062 |
530.783 |
470.948 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.923 |
18.700 |
14.439 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.433 |
4.540 |
3.358 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
6.490 |
14.160 |
11.081 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
64.160 |
54.903 |
48.416 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Proposed Dividends |
3.000 |
3.000 |
3.000 |
|
|
|
Dividend Distribution Tax |
0.510 |
0.487 |
0.486 |
|
|
|
Transfer to General Reserve |
0.649 |
1.416 |
1.108 |
|
|
BALANCE CARRIED
TO THE B/S |
66.491 |
64.160 |
54.903 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
818.306 |
1269.415 |
309.131 |
|
|
|
Store
Purchase (Import) |
1.026 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
819.332 |
1269.415 |
309.131 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
32.45 |
70.28 |
55.41 |
|
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 (used in) Operations |
(131.589) |
(52.149) |
(8.204) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.56 |
3.52 |
3.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.20 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.00 |
1.78 |
2.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.10 |
1.17 |
1.15 |
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 |
20.000 |
20.000 |
20.000 |
|
Reserves & Surplus |
62.687 |
73.360 |
76.340 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
82.687 |
93.360 |
96.340 |
|
|
|
|
|
|
Long-term borrowings |
141.074 |
150.305 |
148.062 |
|
Short term borrowings |
91.143 |
15.959 |
237.297 |
|
Total
borrowings |
232.217 |
166.264 |
385.359 |
|
Debt/Equity
ratio |
2.808 |
1.781 |
4.000 |
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 |
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 |
10350717 |
29/02/2012 |
160,000,000.00 |
ING VYSYA BANK LIMITED |
NO.625, G.D. SOMANI MEMORIAL SCHOOL, CUFFE PARADE, MUMBAI- 400005, MAHARASHTRA, INDIA |
B37876497 |
|
2 |
10323936 |
30/03/2015 * |
449,600,000.00 |
KOTAK MAHINDRA BANK LIMITED |
NO. 625, G D SOMANI MEMORIAL SCHOOL, CUFFE PARADE, MUMBAI- 400005, MAHARASHTRA, INDIA |
C62004106 |
|
* 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 |
63.446 |
59.589 |
|
Other loans and advances |
11.313 |
12.552 |
|
|
|
|
|
SHORT TERM BORROWINGS |
|
|
|
Loans and advances from related parties |
29.725 |
0.755 |
|
Other loans and advances |
6.500 |
0.250 |
|
|
|
|
|
Total |
110.984 |
73.146 |
AMALGAMATION :
The Company is in process
of amalgamating Guardian Steel Private Limited with their Company by Board
Resolution dated 15th November, 2013. The approval was sought for the said
amalgamation vide No Objection Certificate dated 24th December, 2013. The
appointment date as per the scheme of amalgamation was 01st April, 2013. The
Company had filed CSD with Hon?ble High Court on 26th February, 2014 and same
is pending before the Honrsble High Court.
As per the provisions of
Companies Act, every Company shall in each year hold its Annual General Meeting
and not more than fifteen months shall elapse between the date of one annual
general meeting of the company and that of the next.
The Company was required to
hold its Annual General Meeting by 30th September, 2014 for the financial year
ended 31 st March, 2014. The Company had filed an application with the
Registrar of Companies for granting extension of time for holding Annual
General Meeting and had received the approval from the Registrar vide Letter
dated 25 th September, 2014 to hold the Annual General Meeting upto 30th
December, 2014.
In view of the above, the
Directors have decided to change the appointment date as 01st April, 2014 and
file a fresh CSD with the HonRs.ble High Court to expedite the process of
Amalgamation.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
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,
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. 66.09 |
|
|
1 |
Rs. 101.04 |
|
Euro |
1 |
Rs. 70.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
30 |
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.