MIRA INFORM REPORT
|
Report No. : |
345493 |
|
Report Date : |
16.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DMSON’S METAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
502, Peninsula Heights, Juhu Lane, Near BMW Showroom, CTS No.557
1/2/3, Andheri (West), Mumbai – 400058, Maharashtra |
|
Tel. No.: |
91-22-26702052 |
|
|
|
|
Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.05.2007 |
|
|
|
|
Com. Reg. No.: |
11-170928 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.50.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27109MH2007PTC170928 |
|
|
|
|
IEC No.: |
0307038106 |
|
|
|
|
TIN No.: |
27130614711 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD19823G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCD6037D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Stainless Steel, Steel Plates, etc. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
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 |
|
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|
Comments : |
Subject is a Mumbai based company incorporated on 18th May,
2007 by Mr. Deepak Mehta. The company trades in flat steel products such as
steel plates and hot-rolled coils. It has satisfactory track record. Profitability of the company is to be low. However, the company
possesses a decent financial profile marked by healthy networth base position
during FY 2014. The ratings also takes into consideration the promoter’s extensive
experience in the steel trading industry. Trade relations are fair. Business is active. Payment terms 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term Rating = BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry moderate credit risk. |
|
Date |
July 15, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating = A3 |
|
Rating Explanation |
Have moderate degree of safety and carry higher credit risk. |
|
Date |
July 15, 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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Drupal Shah |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-26702052 |
|
Date : |
14.10.2015 |
LOCATIONS
|
Registered Office/ Warehouse : |
502, Peninsula Heights, Juhu Lane, Near BMW Showroom, CTS No.557
1/2/3, Andheri (West), Mumbai – 400 058, Maharashtra, India |
|
Tel. No.: |
91-22-26702052/ 53/ 54 |
|
Mobile No.: |
91-8049675306 (Mr. Deepak Kakubahi Mehta) |
|
Fax No.: |
91-22-26702051 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Deepak Kakubahi Mehta |
|
Designation : |
Director |
|
Address : |
7/A, Puspham K D Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
15.05.1966 |
|
Date of Appointment : |
18.05.2007 |
|
PAN No.: |
AAAPM7668Q |
|
DIN No.: |
00326874 |
|
|
|
|
Name : |
Mr. Kakubahi Purshottamdas Mehta |
|
Designation : |
Director |
|
Address : |
401, Manju Castle Building, Church Road, Vile Parle (West), Mumbai –
400056, Maharashtra, India |
|
Date of Birth/Age : |
10.04.1935 |
|
Date of Appointment : |
18.05.2007 |
|
PAN No.: |
AABPM2224P |
|
DIN No.: |
01648156 |
|
|
|
|
Name : |
Mr. Pranit Deepak Mehta |
|
Designation : |
Director |
|
Address : |
7/A, Puspham K D Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
30.11.1991 |
|
Date of Appointment : |
01.07.2013 |
|
PAN No.: |
BBKPM8868G |
|
DIN No.: |
03429066 |
|
|
|
|
Name : |
Mr. Urvi Deepak Mehta |
|
Designation : |
Director |
|
Address : |
7/A, Puspham K D Road, Vile Parle (West), Mumbai – 400056,
Maharashtra, India |
|
Date of Birth/Age : |
04.02.1971 |
|
Date of Appointment : |
03.10.2011 |
|
PAN No.: |
AABPM3090K |
|
DIN No.: |
03464542 |
KEY EXECUTIVES
|
Name : |
Mr. Drupal Shah |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Kakubahi Purshottamdas Mehta |
5000 |
0.10 |
|
Deepak Kakubahi Mehta |
3385000 |
67.03 |
|
Kakubahi Mehta (HUF) |
5000 |
0.10 |
|
Deepak Mehta (HUF) |
500000 |
9.90 |
|
Vasumati Kakubahi Mehta |
5000 |
0.10 |
|
Urvi Deepak Mehta |
900000 |
17.82 |
|
Pranit Deepak Mehta |
5000 |
0.10 |
|
V. K. Industrial Corporation Limited, India |
240000 |
4.75 |
|
Vidit Deepak Mehta |
5000 |
0.10 |
|
Total |
5050000 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of
Holding |
|
Bodies corporate |
4.75 |
|
Directors or relatives of Directors |
85.25 |
|
Other top fifty shareholders |
10.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Stainless Steel, Steel Plates, etc. |
|
|
|
|
Products : |
· Boiler Quality Plates · Special Quality Plates · High Tensile Plates · Mild Steel Plates · Hot Rolled Coils · Alloy Steel Plates |
|
|
|
|
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 Materials |
|
Countries : |
· China · UK |
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Terms : |
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Selling : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
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 : |
20 (Approximately) |
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Bankers : |
·
The Hong Kong and Shanghai Banking Corporation
Limited, 52/60, Mahatma Gandhi Road, Fort, Mumbai – 400001, Maharashtra,
India ·
The Ratnakar Bank Limited, Shahupuri, Kolhapur –
416001, Maharashtra, India ·
ICICI Bank Limited, Fort Branch, Mumbai,
Maharashtra, India ·
The Ratnakar Bank Limited, Fort Branch, Mumbai,
Maharashtra, India ·
Bank of Maharashtra, Mittal Court, A Wing, Ground Floor, Nariman
Point, Mumbai – 400021, Maharashtra, India ·
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Vadodara –
390015, Gujarat, India |
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Facilities : |
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Auditors : |
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|
Name : |
Nilesh P. Parikh and Company Chartered Accountants |
|
Address : |
501, Nain Krupa, 118-122, Kazi Sayed Street, Mumbai, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABIPP5585E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
|
Enterprises which
are owned or have significant influence of or are partners with Key
management personnel and their relatives : |
V.K. Industrial Corporation Limited, India |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5050000 |
Equity Shares |
Rs.10/- each |
Rs.50.500 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 |
50.500 |
50.500 |
50.500 |
|
(b) Reserves & Surplus |
653.410 |
650.188 |
633.562 |
|
(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) |
703.910 |
700.688 |
684.062 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
99.250 |
66.552 |
49.005 |
|
(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) |
99.250 |
66.552 |
49.005 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
13.561 |
85.203 |
18.581 |
|
(b) Trade
payables |
366.900 |
732.028 |
558.766 |
|
(c) Other
current liabilities |
2.528 |
5.605 |
6.117 |
|
(d) Short-term
provisions |
2.531 |
8.524 |
4.772 |
|
Total Current
Liabilities (4) |
385.520 |
831.360 |
588.235 |
|
|
|
|
|
|
TOTAL |
1188.680 |
1598.600 |
1321.302 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
12.034 |
7.321 |
2.539 |
|
(ii)
Intangible Assets |
0.023 |
0.041 |
0.055 |
|
(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 |
0.001 |
0.001 |
0.001 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
12.058 |
7.363 |
2.595 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
316.304 |
430.781 |
376.554 |
|
(c) Trade
receivables |
503.735 |
698.083 |
591.537 |
|
(d) Cash and
cash equivalents |
275.191 |
368.667 |
310.564 |
|
(e)
Short-term loans and advances |
81.007 |
93.269 |
36.882 |
|
(f) Other
current assets |
0.385 |
0.437 |
3.171 |
|
Total
Current Assets |
1176.622 |
1591.237 |
1318.707 |
|
|
|
|
|
|
TOTAL |
1188.680 |
1598.600 |
1321.302 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
2995.130 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
2584.309 |
2995.130 |
NA |
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
3.526 |
16.626 |
8.615 |
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
0.70 |
3.29 |
NA |
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales (Approximately) |
|
|
3330.000 |
Expected Sales (2015-16): Rs.3400.000 Million
The above information has been parted by Mr. Mr. Drupal Shah (Account
Manager).
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 operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Total Income) |
(%) |
0.13 |
0.56 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.16 |
0.22 |
0.10 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.05 |
1.91 |
2.24 |
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 |
50.500 |
50.500 |
50.500 |
|
Reserves & Surplus |
633.562 |
650.188 |
653.410 |
|
Net
worth |
684.062 |
700.688 |
703.910 |
|
|
|
|
|
|
Long-term Borrowings |
49.005 |
66.552 |
99.250 |
|
Short-term Borrowings |
18.581 |
85.203 |
13.561 |
|
Total
borrowings |
67.586 |
151.755 |
112.811 |
|
Debt/Equity
ratio |
0.099 |
0.217 |
0.160 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2995.130 |
2584.309 |
|
|
|
(13.716) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
2995.130 |
2584.309 |
|
Profit |
16.626 |
3.526 |
|
|
0.56% |
0.14% |
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 |
Yes |
|
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) |
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 |
---------------------- |
|
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 |
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 |
Note:
The Registered Office of the company has been shifted from 309/ Loha Bhavan, 93 P.D'mello Road, Carnac Bunder, Mumbai – 400 009, Maharashtra, India to the present address w.e.f. 01.08.2012
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10407068 |
25/02/2013 |
150,000,000.00 |
THE RATNAKAR BANK LIMITED |
SHAHUPURI,KOLHAPUR, KOLHAPUR - 416001, MAHARASHTRA, INDIA |
B69198067 |
|
2 |
10399710 |
11/01/2013 |
250,000,000.00 |
BANK OF MAHARASHTRA |
MITTAL COURT, A WING, GROUND FLOOR, NARIMAN POINT, MUMBAI - 400021, MAHARASHTRA, INDIA |
B66698044 |
|
3 |
10273077 |
22/01/2015 * |
200,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, VADODARA - 390015, GUJARAT, INDIA |
C61412623 |
|
4 |
10070577 |
03/09/2012 * |
400,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, CRESCENZO, 3A/F, PLOT NO. C-38 & 39, G BLOCK, BANDRA KURLA COMPLEX, BANDRA EAST, MUMBAI - 400051, MAHARASHTRA, INDIA |
B58546490 |
* Date of charge modification
OPERATIONS
During the year the company earned total income of Rs.2584.309 million
by way of sales and other income as against Rs.2995.130 million achieved during
the corresponding period of previous year. After offsetting the expenses the
Company made a profit (after tax) of Rs.3.526 million as against profit of
Rs.16.626 million achieved during the corresponding period of the previous
year. The directors are optimistic about the future of the company.
UNSECURED LOANS
|
Particulars |
31.03.2014 (Rs. In Million) |
31.03.2013 (Rs. In Million) |
|
LONG TERM BORROWINGS |
|
|
|
Loans and
Advances from related parties |
99.250 |
66.552 |
|
Total |
99.250 |
66.552 |
FIXED ASSETS
Tangible Assets
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
Intangible Assets
· Computer Software
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.64.82 |
|
|
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.74.50 |
INFORMATION
DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
-- PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.