MIRA INFORM REPORT
|
Report No. : |
351906 |
|
Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
GRAVITY FERROUS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1 Crooked Laneground Floor, Kolkata – 700060, West Bengal |
|
Tel. No.: |
91-771-6750308 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.07.2004 |
|
|
|
|
Com. Reg. No.: |
21-099203 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.27.002 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109WB2004PTC099203 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALG03534G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCG3005C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing and Importing of Iron and Steel Billets and Re-Rolled Products. |
|
|
|
|
No. of Employees
: |
1600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 490000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Even though the company was incorporated in the year 2004 the company commenced its commercial operation from December 2013. It is having moderate track. Mr. Ashok Agarwal (Finance Head) provided all the information. The company has achieved decent turnover and profit from its three month of business operation i.e., from (Jan 2014 to March 2014). Further, net worth base of the company is satisfactory. Liquidity position of the company is fair. Moreover, the rating strength is partially offset by very limited track record of business operation. 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. |
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 facitlties: BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
11.03.2015 |
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 PARTED BY
|
Name : |
Mr. Ashok Agarwal |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9893566277 |
|
Date : |
26.11.2015 |
LOCATIONS
|
Registered Office : |
1 Crooked Laneground Floor, Kolkata – 700060, West Bengal,
India |
|
Tel. No.: |
91-771-6750308 |
|
Mobile No.: |
91-9893566277 (Mr. Ashok Agarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location: |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Factory: |
252/9, Kanhera Road, Achholi Urla, Raipur – 493221, Chhattisgarh, India |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Vikash Agarwal |
|
Designation : |
Director |
|
Address : |
1, Crooked Lane, Kolkata, 700069, West Bengal, India |
|
Date of Birth/Age : |
23.03.1972 |
|
Date of Appointment : |
22.07.2004 |
|
DIN No.: |
00303752 |
|
|
|
|
Name : |
Mr. Dhiraj Kumar Surana |
|
Designation : |
Director |
|
Address : |
20, Cloth Market, Pandri, Raipur - 492001, Chhattisgarh, India |
|
Date of Birth/Age : |
22.01.1974 |
|
Date of Appointment : |
02.07.2012 |
|
DIN No.: |
00457656 |
|
|
|
|
Name : |
Mr. Virendra Kumar Surana |
|
Designation : |
Director |
|
Address : |
20, Cloth Market, Pandri, Raipur - 492001, Chhattisgarh, India |
|
Date of Birth/Age : |
15.03.1976 |
|
Date of Appointment : |
02.07.2012 |
|
DIN No.: |
00457661 |
|
|
|
|
Name : |
Mr. Shiv Bhagat Singh |
|
Designation : |
Director |
|
Address : |
Plot No. 688-693, I. E. Urla, Raipur - 493221,
Chhattisgarh, India |
|
Date of Appointment : |
25.10.2014 |
|
DIN No.: |
06768623 |
KEY EXECUTIVES
|
Name : |
Mr. Ashok Agarwal |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vijay Kumar Agarwal |
|
20500 |
|
Vikash Agarwal |
|
6000 |
|
Sunil Agarwal |
|
44000 |
|
Meera Agarwal |
|
14500 |
|
Vinu Agarwal |
|
10500 |
|
Neeru Agarwal |
|
4500 |
|
Bhawani Hi-Tech Steel and Power Private Limited, India |
|
50000 |
|
Quality Stores Private Limited, India |
|
2450230 |
|
Dhiraj Kumar Surana |
|
50000 |
|
Virendra Kumar Surana |
|
50000 |
|
Total |
|
2700230 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2014
|
Category |
Percentage |
|
Bodies corporate |
92.59 |
|
Directors or relatives of Directors |
7.41 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Importing of Iron and Steel Billets and Re-Rolled Products. |
|
|
|
|
Products : |
Steel Billets and Re-Rolled Products |
|
|
|
|
Brand Names : |
Not Available |
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|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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|
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Terms : |
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Selling : |
Advance Payment, Cheque and Credit (30,60 Days) |
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|
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Purchasing : |
Advance Payment, Cheque and Credit (30,60 Days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End users
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No. of Employees : |
1600 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Rahul Mishra and Associates Chartered Accountants |
|
Address : |
Mishra Bhawan, Tatya Para Chowk, Raipur – 492001, Chattisgarh, India |
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Tel. No.: |
91-771-2236945 / 2533562 |
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Fax No.: |
91-771-4058092 |
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E-Mail : |
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PAN No.: |
ABJFS1094G |
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|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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Holding company : |
Quality Stores Private Limited, India |
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Associate: |
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CAPITAL STRUCTURE
As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs.35.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2700230 |
Equity Shares |
Rs.10/- each |
Rs.27.002 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 |
27.002 |
4.729 |
3.829 |
|
(b) Reserves & Surplus |
113.037 |
7.634 |
14.163 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
30.000 |
17.950 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
170.039 |
30.313 |
17.992 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
108.159 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.505 |
0.004 |
0.003 |
|
(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) |
108.664 |
0.004 |
0.003 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
24.061 |
2.477 |
1.331 |
|
(b) Trade
payables |
31.509 |
0.501 |
0.000 |
|
(c) Other
current liabilities |
57.114 |
0.205 |
0.000 |
|
(d) Short-term
provisions |
1.350 |
0.083 |
0.260 |
|
Total Current
Liabilities (4) |
114.034 |
3.266 |
1.591 |
|
|
|
|
|
|
TOTAL |
392.737 |
33.583 |
19.586 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
200.763 |
3.611 |
3.514 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
14.291 |
0.120 |
|
(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 |
32.615 |
0.420 |
0.060 |
|
(e) Other Non-current
assets |
0.099 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
233.477 |
18.322 |
3.694 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.200 |
10.500 |
10.500 |
|
(b)
Inventories |
83.674 |
0.000 |
0.000 |
|
(c) Trade
receivables |
40.207 |
0.000 |
0.000 |
|
(d) Cash
and cash equivalents |
4.287 |
1.121 |
5.214 |
|
(e)
Short-term loans and advances |
29.250 |
3.640 |
0.178 |
|
(f) Other
current assets |
0.642 |
0.000 |
0.000 |
|
Total
Current Assets |
159.260 |
15.261 |
15.892 |
|
|
|
|
|
|
TOTAL |
392.737 |
33.583 |
19.586 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
389.827 |
|
|
|
|
|
Other Income |
7.157 |
|
|
|
|
|
TOTAL |
396.984 |
3.106 |
0.415 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
377.939 |
2.821 |
0.136 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
19.045 |
0.285 |
0.279 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
7.830 |
0.000 |
0.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.215 |
0.285 |
0.179 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
4.627 |
0.013 |
0.004 |
|
|
|
|
|
|
|
|
|
Add / Less |
EXTRA ORDINARY
ITEMS |
1.255 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
7.843 |
0.272 |
0.175 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.851 |
0.084 |
0.057 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
5.992 |
0.188 |
0.118 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.729 |
0.541 |
0.423 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6.721 |
0.729 |
0.541 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
2.22 |
0.40 |
NA
|
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1300.000 |
Expected Sales (2015-2016) : Rs.1500.000 Million
The above information has been parted by Mr. Ashok Agarwal
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
21.263 |
0.000 |
NA |
|
Cash generated from (used in) operations |
(81.170) |
(3.164) |
NA |
|
Net cash flows from (used in) operating activities |
(81.406) |
(3.220) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.54 |
NA |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.89 |
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.00 |
1.41 |
0.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.90 |
0.08 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
4.67 |
9.99 |
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 |
3.829 |
4.729 |
27.002 |
|
Reserves & Surplus |
14.163 |
7.634 |
113.037 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
17.950 |
30.000 |
|
Net
worth |
17.992 |
30.313 |
170.039 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
108.159 |
|
Short term borrowings |
1.331 |
2.477 |
24.061 |
|
Total
borrowings |
1.331 |
2.477 |
132.220 |
|
Debt/Equity
ratio |
0.074 |
0.082 |
0.778 |
YEAR-ON-YEAR GROWTH
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 |
0.415 |
3.106 |
396.984 |
|
|
|
648.434 |
12,681.198 |
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 |
0.415 |
3.106 |
396.984 |
|
Profit |
0.118 |
0.188 |
5.992 |
|
|
28.43% |
6.05% |
1.51% |
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 |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
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 |
Yes |
|
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 four 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 |
Yes |
|
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 |
FINANCIAL RESULTS:
The company has made remarkable growth in its Revenue from Operations which has increased from RS.3.106 Million in previous Financial Year to Rs.389.827 Million in current Financial Year. Company's Earnings after Tax also increased from Rs.0.188 Million in previous year to Rs.5.992 Million during the current year which is sign of the progressive growth of the company. The Company will have to adopt strategies for increasing its volume of business for achieving higher rates of growth. The directors are of the view that the progressive growth of the company will continue in the subsequent Financial Year and are hopeful for the bright future prospects. The financial result as reflected in the Statement of profit & loss of the company is self-explanatory.
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Loan and advances from others repayable on demand |
2.677 |
2.477 |
|
Total |
2.677 |
2.477 |
COMPANY
INFORMATION
The company is a private limited company domiciled in India and incorporated under the provision of the Companies Act, 1956. The company is mainly engaged in the business manufacturing of Iron & Steel billets and Re-Rolled Products.
INDEX OF CHARGE:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10433892 |
02/01/2015 * |
114,300,000.00 |
CENTRAL BANK OF INDIA |
SUNDER NAGAR, RAIPUR, CHHATTISGARH - 492013, INDIA |
C48940704 |
|
2 |
10433891 |
02/01/2015 * |
100,000,000.00 |
CENTRAL BANK OF INDIA |
SUNDER NAGAR BRANCH, RAIPUR, CHHATTISGARH - 492013 |
C48948624 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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 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.66.75 |
|
UK Pound |
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
32 |
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.