MIRA INFORM REPORT
|
Report No. : |
343229 |
|
Report Date : |
02.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
TORSA MACHINES LIMITED (w.e.f. 21.12.1998) |
|
|
|
|
Formerly Known
As : |
BHARTIA HEAVY ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Export Promotion Industrial Park, Amingaon, Guwahati-781031, Assam |
|
Tel. No.: |
91-361-2682326/2682741/42 |
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|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.12.1998 |
|
|
|
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Com. Reg. No.: |
02-005610 |
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Capital
Investment / Paid-up Capital : |
Rs. 6.680 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U29299AS1998PLC005610 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturers, trader and deal in machine tools and implements, other
machinery, plant equipments, articles apparatus, appliances, component Parts,
accessories, fittings. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 230000 |
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|
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 is an established company incorporated in the year 1998. It has
satisfactory track. For the financial year ended 2014, the company has healthy scale of
operations marked by top line growth of 5.4% along with profitability margin
of 2%. The company has satisfactory financial base and efficient net worth
position. Trade relations are fair. Business is active. Payments are usually
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
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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. Raj More |
|
Designation : |
Director |
|
Contact No.: |
91-9954133555 |
|
Date : |
01.10.2015 |
LOCATIONS
|
Registered Office / Factory: |
Export Promotion Industrial Park, Amingaon, Guwahati-781031, Assam, India |
|
Tel. No.: |
91-361-2682326/2682741/42 |
|
Mobile No.: |
91-9954133555 (Mr. Raj More) |
|
Fax No.: |
91-361-2682326 |
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E-Mail : |
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|
Website : |
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|
|
|
|
Corporate Office : |
8, Camac Street, 10/4 Shantineketan, Kolkata-700017, West Bengal,
India |
|
Tel. No.: |
91-33-40067838 |
|
Fax No.: |
91-33-40067836 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Gopi Krishna More |
|
Designation : |
Director |
|
Address : |
Hatigarh Chariali, F-2 Rudalee Apartment, Zoo Narangi Road, Guwahati- 781024, Assam, India |
|
Date of Birth/Age : |
05.09.1973 |
|
Date of Appointment : |
30.09.2005 |
|
DIN No.: |
00640815 |
|
|
|
|
Name : |
Mr. Raj Kumar More |
|
Designation : |
Director |
|
Address : |
Flat No.903, E Block, Spanish Gardens, R. G. Barua Road, Opp-Assam State Zoo, Guwahati-781005, Assam, India |
|
Date of Birth/Age : |
27.08.1950 |
|
Date of Appointment : |
30.09.2003 |
|
DIN No.: |
01917149 |
|
|
|
|
Name : |
Mrs. Prava Devi More |
|
Designation : |
Director Appointed In Casual Vacancy |
|
Address : |
Flat No 903, E Block, Spanish Garden, Opp. Assam State Zoo, R.G Baruah Road, Guwahati, 781005, Assam, India |
|
Date of Birth/Age : |
22.10.1956 |
|
Date of Appointment : |
25.01.2010 |
|
DIN No.: |
01917189 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Gopi Krishna More |
|
202500 |
|
Raj Kumar More |
|
237500 |
|
Prava Devi More |
|
140000 |
|
Raj Kumar More and Sons |
|
16000 |
|
Gopi Krishna More and Sons (HUF) |
|
2000 |
|
Metalmen Overseas, India |
|
60000 |
|
Alishan Estates Private Limited, India |
|
6000 |
|
Highrank Infrastructures, Private Limited, India |
|
4000 |
|
Total |
|
668000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
1.49 |
|
Directors or relatives of Directors |
86.83 |
|
Other top fifty shareholders |
11.68 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers, trader and deal in machine tools and implements, other
machinery, plant equipments, articles apparatus, appliances, component Parts,
accessories, fittings. |
|
|
|
|
Products : |
Not Available |
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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 : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
Indusind Bank Limited, 24,Park Street, Kolkata - 700016, West Bengal, India |
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Facilities : |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Khaitan Agarwal and Company Chartered Accountants |
|
Tel No.: |
91-361-2458663 |
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Fax No.: |
91-361-2458997 |
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Email : |
|
|
Address : |
Sanmati Plaza, 2nd Floor, Opposite IDBI, G. S. Road, Guwahati-781005,
Assam, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAJFK8468P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises which are controlled by or in which there exist
substantial interest of the key Managerial Persons or their relatives : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
668,000 |
Equity Shares |
Rs.10/- each |
Rs. 6.680
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 |
6.680 |
6.680 |
6.680 |
|
(b) Reserves & Surplus |
74.857 |
71.167 |
69.137 |
|
(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) |
81.537 |
77.847 |
75.817 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
11.558 |
0.620 |
1.839 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.213 |
|
(c) Other long term
liabilities |
0.000 |
1.986 |
2.666 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
11.558 |
2.606 |
4.718 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
33.540 |
35.704 |
32.670 |
|
(b) Trade
payables |
46.444 |
55.147 |
47.527 |
|
(c) Other
current liabilities |
37.503 |
44.025 |
32.898 |
|
(d) Short-term
provisions |
1.392 |
2.192 |
2.603 |
|
Total Current
Liabilities (4) |
118.879 |
137.068 |
115.698 |
|
|
|
|
|
|
TOTAL |
211.974 |
217.521 |
196.233 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
14.906 |
15.224 |
18.079 |
|
(ii)
Intangible Assets |
8.918 |
0.505 |
4.011 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
2.979 |
2.979 |
2.979 |
|
(b) Non-current Investments |
0.121 |
0.118 |
0.044 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
15.020 |
10.519 |
0.448 |
|
Total Non-Current
Assets |
41.944 |
29.345 |
25.561 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
16.750 |
16.739 |
16.686 |
|
(b)
Inventories |
123.660 |
103.649 |
74.914 |
|
(c) Trade
receivables |
8.895 |
44.217 |
9.100 |
|
(d) Cash
and cash equivalents |
12.506 |
15.044 |
19.921 |
|
(e)
Short-term loans and advances |
5.400 |
3.226 |
39.220 |
|
(f) Other
current assets |
2.819 |
5.301 |
10.831 |
|
Total
Current Assets |
170.030 |
188.176 |
170.672 |
|
|
|
|
|
|
TOTAL |
211.974 |
217.521 |
196.233 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
161.083 |
150.153 |
194.461 |
|
|
|
Other Operating Income |
0.970 |
1.108 |
6.800 |
|
|
|
Other Income |
0.771 |
3.533 |
1.260 |
|
|
|
TOTAL (A) |
162.824 |
154.794 |
202.521 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
83.972 |
130.585 |
147.389 |
|
|
|
Conversion and Other Manufacturing Cost |
3.190 |
2.966 |
5.371 |
|
|
|
Purchases of Stock-in-Trade |
35.378 |
1.409 |
5.614 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(10.033) |
(30.510) |
(9.631) |
|
|
|
Employees benefits expense |
19.778 |
20.430 |
19.264 |
|
|
|
Other expenses |
18.938 |
14.339 |
17.282 |
|
|
|
Exceptional Items |
(1.650) |
(0.010) |
(0.046) |
|
|
|
TOTAL (B) |
149.573 |
139.209 |
185.243 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
13.251 |
15.585 |
17.278 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.850 |
4.895 |
3.509 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.401 |
10.690 |
13.769 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.319 |
6.681 |
4.588 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
5.082 |
4.009 |
9.181 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.392 |
1.979 |
3.012 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
3.690 |
2.030 |
6.169 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.52 |
3.04 |
9.38 |
|
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 flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.29 |
1.35 |
3.17 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.23 |
10.38 |
8.89 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.43 |
1.87 |
4.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.05 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.55 |
0.47 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43 |
1.37 |
1.48 |
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 |
6.680 |
6.680 |
6.680 |
|
Reserves & Surplus |
69.137 |
71.167 |
74.857 |
|
Net
worth |
75.817 |
77.847 |
81.537 |
|
|
|
|
|
|
long-term borrowings |
1.839 |
0.620 |
11.558 |
|
Short term borrowings |
32.670 |
35.704 |
33.540 |
|
Total
borrowings |
34.509 |
36.324 |
45.098 |
|
Debt/Equity
ratio |
0.455 |
0.467 |
0.553 |
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 |
194.461 |
150.153 |
161.083 |
|
|
|
(22.785) |
7.279 |
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 |
194.461 |
150.153 |
161.083 |
|
Profit |
6.169 |
2.030 |
3.690 |
|
|
3.17% |
1.35% |
2.29% |
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 |
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 |
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
10.017 |
0.000 |
|
Security Deposit From Dealers |
0.503 |
0.000 |
|
Short-term
borrowings |
|
|
|
Loans repayable on demand from other Parties |
1.109 |
3.002 |
|
|
|
|
|
Total |
11.629 |
3.002 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10531233 |
17/10/2014 |
500,000.00 |
INDUSIND BANK LTD. |
SAVITRI TOWERS, 3A, UPPER WOOD STREET, KOLKATA, West Bengal - 700017,
INDIA |
C33583683 |
|
2 |
10526704 |
22/09/2014 |
20,000,000.00 |
SREI EQUIPMENT FINANCE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD,, KOLKATA, West Bengal - 700046, INDIA |
C30323398 |
|
3 |
10299193 |
09/06/2011 |
370,000.00 |
STATE BANK OF INDIA |
SMECC-GUWAHATI, BAMUNIMAIDAN, GUWAHATI, Assam - 781021, INDIA |
B17671843 |
|
4 |
10299199 |
09/06/2011 |
400,000.00 |
STATE BANK OF INDIA |
SMECCC-GUWAHATI, BAMUNIMAIDAN, GUWAHATI, Assam - 781021, INDIA |
B17673310 |
|
5 |
10205690 |
30/05/2015 * |
42,279,000.00 |
INDUSIND BANK LTD. |
SAVITRI TOWERS, 3A, UPPER WOOD STREET, KOLKATA, West Bengal - 700017,
INDIA |
C56656408 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Electrical Finings
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer
- Fire Fighting Equipment’s
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.65.55 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.73.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYTK |
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.