MIRA
INFORM REPORT
|
Report No. : |
345597 |
|
Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOVERDHAN ENERGY AND PETROCHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 218, Village Bhilgaon, |
|
Tel. No.: |
91-712-6644048 (Mr. Nitesh) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.09.2008 |
|
|
|
|
Com. Reg. No.: |
11-186760 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.25.000 Million |
|
|
|
|
IEC No: |
Not Available |
|
|
|
|
CIN No.: [Company Identification
No.] |
U23209MH2008PTC186760 |
|
|
|
|
TIN No.: |
27550694699 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPG02933A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCG2671D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in trading petrochemicals. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
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 was incorporated in the year 2008 engaged in trading
petrochemicals. It products include furnance oil, bio-diesel, lubricants,
coal tar, benzene and lubricating oils. For the financial year ended 2014, company possesses moderate
operational performance and revenue of the company has been declined by
28.22% whereas profitability margins also remains low at 0.46% during the
year under a review. Rating remain constrained on account of company’s moderate financial
profile matched by leveraged capital structure, weak debt coverage indicators
and working capital intensive nature of business operations. Rating further continues to be constrained by presence in highly
fragmented industry with intense competition among the players. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of aforesaid, 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 facilities = BB- |
|
Rating Explanation |
Inadequate-credit-quality and high credit
risk. |
|
Date |
09.02.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank facilities = A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
09.02.2015 |
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 DENIED BY
|
Name : |
Mr. Nitesh |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-712-6644048 |
|
Date : |
17.10.2015 |
LOCATIONS
|
Registered Office/ Warehouse 1 : |
Survey No. 218, Village Bhilgaon, Outside Kamptee Road Octroi Naka,
Nagpur – 441401, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office: |
God No.B-4, J K Warehouse, Village Kalher, Taluka Bhiwandi
Thane-421302, Maharashtra, India |
|
|
|
|
Branch Office/ Warehouse 2 : |
17, Vijayanand Co-operative Housing Society, Wardha Road, Dhantoli, Nagpur – 440012, Maharashtra, India |
|
Tel. No.: |
91-712-6644048/ 049/ 050 |
|
Fax No.: |
91-712-6646048 |
|
|
|
|
Warehouse 3 : |
Located at: · Raipur, Chhattisgarh, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rahul Pramod Udhoji |
|
Designation : |
Director |
|
Address : |
223, Snehal
Khare Town, Dharampeth, Nagpur-440010, Maharashtra, India |
|
Date of Birth/Age : |
05.02.1971 |
|
Date of Appointment : |
01.12.2009 |
|
DIN No.: |
00207623 |
|
|
|
|
Name : |
Mr. Kapilkumar Rajkumar Chandak |
|
Designation : |
Director |
|
Address : |
118, Bajaj
Nagar, Nagpur-440010, Maharashtra, India |
|
Date of Birth/Age : |
18.06.1985 |
|
Date of Appointment : |
15.09.2008 |
|
DIN No.: |
01343032 |
|
|
|
|
Name : |
Mr. Nilesh Haribhau Mahajan |
|
Designation : |
Director |
|
Address : |
Jai Stambh
Chowk, J N Road, Kamptee, Nagpur-441002, Maharashtra, India |
|
Date of Birth/Age : |
12.05.1976 |
|
Date of Appointment : |
01.12.2009 |
|
DIN No.: |
03614136 |
KEY EXECUTIVES
|
Name : |
Mr. Nitesh |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Goverdhan Das Chandak HUF |
10000 |
0.40 |
|
Kapil Chandak |
1365000 |
54.60 |
|
Nilesh Mahajan |
625000 |
25.00 |
|
Rahul Udhoji |
480000 |
19.20 |
|
Rama Udhoji |
20000 |
0.80 |
|
|
|
|
|
Total |
2500000 |
100.00 |
As on 30.09.2014
|
Category |
Percentage |
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in trading petrochemicals. |
|
|
|
|
Products : |
· Petrochemicals Furnace Oil Bio Oil Ignite Oil (LDO) PET Coke Light Diesel Oil Rubber Processed Oil Diesel HSD Euro IV |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
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 : |
Information declined by the management |
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|
Bankers : |
· Indusind Bank Limited, Shri Swami Plaza, 97, East High Court Road, Ramdas Peth, Nagpur - 440010, Maharashtra, India |
||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Rajratan Kothari Associates Chartered Accountants |
|
Address : |
Samadhan, L T Road, Mulund [East], Mumbai – 440081, Maharashtra, India |
|
Tel. No.: |
91-22-21635532 |
|
Mobile No.: |
91-9821012212 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAPPK4014P |
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|
|
|
Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000
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 |
25.000 |
25.000 |
25.000 |
|
(b) Reserves & Surplus |
49.817 |
47.449 |
43.961 |
|
(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) |
74.817 |
72.449 |
68.961 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.363 |
0.650 |
36.158 |
|
(b) Deferred tax liabilities
(Net) |
0.266 |
-0.028 |
0.020 |
|
(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) |
1.629 |
0.622 |
36.178 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
54.072 |
44.465 |
20.504 |
|
(b) Trade payables |
11.908 |
17.931 |
17.883 |
|
(c) Other current liabilities |
19.286 |
3.235 |
15.988 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.106 |
|
Total
Current Liabilities (4) |
85.266 |
65.631 |
54.481 |
|
|
|
|
|
|
TOTAL |
161.712 |
138.702 |
159.620 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
3.840 |
3.996 |
1.019 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
30.007 |
15.792 |
0.000 |
|
Total
Non-Current Assets |
33.847 |
19.788 |
1.019 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
18.461 |
12.760 |
10.593 |
|
(c) Trade receivables |
103.078 |
83.064 |
97.641 |
|
(d) Cash and cash equivalents |
2.900 |
17.869 |
47.104 |
|
(e) Short-term loans and
advances |
3.426 |
5.221 |
3.263 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
127.865 |
118.914 |
158.601 |
|
|
|
|
|
|
TOTAL |
161.712 |
138.702 |
159.620 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
480.658 |
669.640 |
464.100 |
|
|
Other Income |
12.218 |
9.894 |
NA |
|
|
TOTAL
(A) |
492.876 |
679.534 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchase of Petroleum /
Polymer Products |
|
|
|
|
|
Manufacturing |
80.745 |
|
|
|
|
IOCL CS Purchase |
70.111 |
0.000 |
|
|
|
Trading |
297.469 |
600.076 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(5.701) |
(2.167) |
|
|
|
Employees benefits expense |
4.701 |
8.106 |
|
|
|
Other expenses |
33.463 |
36.176 |
|
|
|
TOTAL
(B) |
480.788 |
665.357 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
12.088 |
14.177 |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.981 |
9.063 |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
4.107 |
5.114 |
NA |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.250 |
0.245 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
3.857 |
4.869 |
NA |
|
|
|
|
|
|
|
Less |
TAX (H) |
1.489 |
1.382 |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
2.368 |
3.487 |
3.767 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.95 |
1.39 |
1.51 |
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 |
(6.029) |
11.849 |
NA |
|
Net cash flow from operating activity |
(7.820) |
10.371 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.49 |
0.52 |
0.81 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.51 |
2.12 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.39 |
3.51 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.07 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.74 |
0.62 |
0.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.50 |
1.81 |
2.91 |
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 |
25.000 |
25.000 |
25.000 |
|
Reserves & Surplus |
43.961 |
47.449 |
49.817 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
68.961 |
72.449 |
74.817 |
|
|
|
|
|
|
long-term borrowings |
36.158 |
0.650 |
1.363 |
|
Short term borrowings |
20.504 |
44.465 |
54.072 |
|
Total
borrowings |
56.662 |
45.115 |
55.435 |
|
Debt/Equity
ratio |
0.822 |
0.623 |
0.741 |
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 |
464.100 |
669.640 |
480.658 |
|
|
|
44.288 |
(28.221) |
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 |
464.100 |
669.640 |
480.658 |
|
Profit |
3.767 |
3.487 |
2.368 |
|
|
0.81% |
0.52% |
0.49% |
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 |
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 |
NOTE: Registered office of the company has been shifted from 118, Goverdhan Nowas, Bajaj Nagar, Nagpur - 440010, Maharashtra, India to the present address w.e.f.31.05.2009
CORPORATE
INFORMATION:
The company is a private Limited company domiciled in India and incorporated
under the provisions of the Companies Act, 1956. The company is engaged in the
business of Petroleum and Polymer products.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Loans From Others |
1.363 |
0.650 |
|
|
|
|
|
Total |
1.363 |
0.650 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10369528 |
30/12/2013 * |
205,000,000.00 |
INDUSIND BANK
LTD. |
Shri Swami
Plaza, 97, East High Court Road,, Ramdas Peth, Nagpur, Maharashtra - 440010,
INDIA |
B95360442 |
FIXED ASSETS
· Land [Freehold]
Computers
Office
Equipment
Plant
and Machinery
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.64.96 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
4 |
|
--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 |
|
34 |
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.