MIRA
INFORM REPORT
|
Report No. : |
345899 |
|
Report Date : |
19.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
MEHTA INTERTRADE STEELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
501 - B, Gokul Building, 80 - A, Baroda Street, Karnac Bunder, Masjid
Bunder, Mumbai-400009, Maharashtra |
|
Tel. No.: |
91-22-23480197/ 23480198 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.04.2007 |
|
|
|
|
Com. Reg. No.: |
11-169727 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 90.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100MH2007PTC169727 |
|
|
|
|
IEC No.: |
0307080412 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCM0313E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Industrial Pipes, Galvanized Pipes. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
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 : |
Erstwhile subject was established in 2005 as a partnership firm by Mr.
Rajendra Mehta, his brothers, Mr. Bhupendra Mehta and Mr. Hasmukhrai Mehta,
and Mr. Bhupendra Mehta’s son, Mr. Harsh Mehta, and Mr. Hasmukhrai Mehta’s
sons, Mr. Nilesh Mehta and Mr. Amit Mehta. The firm later was reconstituted
as a private limited company in 2007 with its current name. Rating reflect company’s below-average financial risk profile, marked
by its modest net worth and very low profitability margin as its operations
are related in highly fragmented industry marked by intense completition. This rating weaknesses is partially offset by the extensive experience
of the group’s promoters in the steel trading business and growing scale of
operations if the company. However, trade relations are reported as fair. Business is active.
Payment terms 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Bank Facilities=B+ |
|
Rating Explanation |
Risk-prone-credit-quality and carries very
high credit risk |
|
Date |
November, 2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Bank Facilities=A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
November, 2014 |
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. Amit Hasmukhrai Mehta |
|
Designation : |
Director |
|
Contact No.: |
91-9324009841 |
|
Date : |
16.10.2015 |
LOCATIONS
|
Registered Office : |
501 - B, Gokul Building, 80 - A, Baroda Street, Karnac Bunder, Masjid
Bunder, Mumbai-400009, Maharashtra, India |
|
Tel. No.: |
91-22-23480197/ 23480198 |
|
Mobile No.: |
91-9324009841 (Mr. Amit Hasmukhrai Mehta) |
|
Fax No.: |
91-22-23480199 |
|
E-Mail : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Savaroli Kharpada Road, Village Madap, Taluka-Khalapur, District Raigad,
Maharashtra, India |
|
Tel. No.: |
91-2192-276002 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Harsh Bhupendra Mehta |
|
Designation : |
Director |
|
Address : |
19-C/2, Model Town, Bal Rajeshwar Road, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Date of Birth/Age : |
16.08.1985 |
|
Date of Appointment : |
07.04.2007 |
|
PAN No.: |
AKCPM7454N |
|
DIN No.: |
01231410 |
|
|
|
|
Name : |
Mr. Amit Hasmukhrai Mehta |
|
Designation : |
Director |
|
Address : |
19-C/2, Model Town, Bal Rajeshwar Road, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Date of Birth/Age : |
22.03.1977 |
|
Date of Appointment : |
07.04.2007 |
|
PAN No.: |
AAFPM0017L |
|
DIN No.: |
01231438 |
|
|
|
|
Name : |
Mr. Nilesh Hasmukhrai Mehta |
|
Designation : |
Director |
|
Address : |
19-C/2, Model Town, Bal Rajeshwar Road, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Date of Birth/Age : |
04.03.1975 |
|
Date of Appointment : |
07.04.2007 |
|
PAN No.: |
AADPM0768L |
|
DIN No.: |
01231468 |
|
|
|
|
Name : |
Mr. Hasmukhrai Babulal Mehta |
|
Designation : |
Director |
|
Address : |
19-C/2, Model Town, Bal Rajeshwar Road, Mulund (West), Mumbai –
400080, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1947 |
|
Date of Appointment : |
07.04.2007 |
|
PAN No.: |
AADPM1131B |
|
DIN No.: |
01231493 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Harsh Bhupendra Mehta |
|
245000 |
|
Amit Hasmukhrai Mehta |
|
133000 |
|
Nilesh Hasmukhrai Mehta |
|
255000 |
|
Hasmukhrai Baulal Mehta |
|
145000 |
|
Varsha R Mehta |
|
550000 |
|
Jagruti H Mehta |
|
462000 |
|
Asha B. Mehta |
|
425000 |
|
Niketa Mehta |
|
172500 |
|
Vibha A. Mehta |
|
68500 |
|
Hasmukhrai Babulal Mehta (HUF) |
|
249000 |
|
Bhupendra Mehta (HUF) |
|
385000 |
|
R. B. Mehta (HUF) |
|
552000 |
|
Naitik R Mehta |
|
68000 |
|
Urvi R. Mehta |
|
162000 |
|
Kshama B. Mehta |
|
128000 |
|
R. B. Mehta and Company, India |
|
5000000 |
|
Total |
|
9000000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Pipes, Galvanized Pipes. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
Sri Lanka |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
· Japan China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30 days, 60 days and 90 days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 days, 60 days and 90 days) |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users and OEMs
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No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||
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|
Bankers : |
·
State Bank of India Industrial
Finance Branch, 'The Arcade', IInd Floor., World Trade Centre, Cuffe Parade,
Mumbai - 400005, Maharashtra, India ·
Standard Chartered Bank SME
Credit, 23-25, M G Road, Fort, Mumbai - 400001, Maharashtra, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Thanawala and Company Chartered Accountants |
|
Address : |
505, Abhay Steel House, 5th Floor, 22 Baroda Street, Iron
Market, Mumbai – 400009, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAPT3237C |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
· R. B. Mehta And Company Mehta Metalcon Private Limited |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs. 150.000 Million
Issued, Subscribed & Paid-up Capital : Rs. 90.000 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 90.000
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 |
90.000 |
90.000 |
40.000 |
|
(b) Reserves & Surplus |
59.872 |
50.656 |
47.220 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
50.000 |
|
Total
Shareholders’ Funds (1) + (2) |
149.872 |
140.656 |
137.220 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
337.346 |
337.634 |
136.622 |
|
(b) Deferred tax liabilities (Net) |
11.631 |
10.144 |
7.356 |
|
(c) Other long
term liabilities |
4.108 |
4.301 |
4.161 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
353.085 |
352.079 |
148.139 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
358.864 |
441.290 |
1.359 |
|
(b)
Trade payables |
575.879 |
327.294 |
356.110 |
|
(c)
Other current liabilities |
127.872 |
8.791 |
66.590 |
|
(d) Short-term
provisions |
1.591 |
3.451 |
5.499 |
|
Total Current
Liabilities (4) |
1064.206 |
780.826 |
429.558 |
|
|
|
|
|
|
TOTAL |
1567.163 |
1273.561 |
714.917 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
204.102 |
217.154 |
212.565 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
19.857 |
16.118 |
16.009 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.700 |
0.500 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
19.394 |
37.713 |
32.803 |
|
(e) Other
Non-current assets |
2.809 |
4.264 |
0.358 |
|
Total Non-Current
Assets |
249.862 |
275.749 |
261.735 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
495.801 |
392.334 |
253.693 |
|
(c)
Trade receivables |
672.508 |
460.481 |
178.253 |
|
(d) Cash
and cash equivalents |
81.247 |
100.447 |
1.604 |
|
(e)
Short-term loans and advances |
67.745 |
44.550 |
19.632 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1317.301 |
997.812 |
453.182 |
|
|
|
|
|
|
TOTAL |
1567.163 |
1273.561 |
714.917 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
1303.762 |
|
|
|
Other Income |
|
|
NA |
|
|
|
TOTAL |
|
|
NA |
|
|
|
2395.120 |
1548.644 |
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2385.301 |
1540.385 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.819 |
8.259 |
24.012 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.603 |
4.823 |
5.197 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
9.216 |
3.436 |
18.815 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.02 |
0.38 |
47.04 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3000.000 |
|
|
|
|
|
The above information has been parted by Mr. Amit Hasmukhrai Mehta
(Director)
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 |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
NA |
1.44 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.64 |
0.66 |
3.44 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.06 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
4.65 |
5.54 |
1.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24 |
1.28 |
1.05 |
Total Liability = Short-term Debt + Long-term Debt + Current Maturities
of Long-term debts
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 |
40.000 |
90.000 |
90.000 |
|
Reserves & Surplus |
47.220 |
50.656 |
59.872 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
50.000 |
0.000 |
0.000 |
|
Net
worth |
137.220 |
140.656 |
149.872 |
|
|
|
|
|
|
Long-term borrowings |
136.622 |
337.634 |
337.346 |
|
Short term borrowings |
1.359 |
441.290 |
358.864 |
|
Total
borrowings |
137.981 |
778.924 |
696.210 |
|
Debt/Equity
ratio |
1.006 |
5.538 |
4.645 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1548.644 |
2395.120 |
|
|
|
54.659 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1548.644 |
2395.120 |
|
Profit |
3.436 |
9.216 |
|
|
0.22% |
0.38% |
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 |
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 |
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 |
Yes |
|
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 |
10554248 |
14/02/2015 |
50,000,000.00 |
UNION BANK OF INDIA |
SANT TUKARAM ROAD
BRANCH,APEEJAY HOUSE,SURENDRA,, |
C46228995 |
|
2 |
10377298 |
11/09/2012 |
500,000,000.00 |
UNION BANK OF INDIA |
SANT TUKARAM ROAD
BRANCH,APEEJAY SURENDRA,, 24,KR |
B58410887 |
|
3 |
10156350 |
23/04/2009 * |
85,000,000.00 |
STATE BANK OF INDIA |
INDUSTRIAL FINANCE
BRANCH, 'THE ARCADE', IIND FLR. |
A63203954 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deposits |
206.435 |
232.500 |
|
Loans and advances from related parties |
106.492 |
65.059 |
|
|
|
|
|
Total |
312.927 |
297.559 |
FIXED ASSETS:
Tangible Assets
·
Land
Buildings
Plant and
Equipment
Furniture
and Fixtures
Vehicles
Office
Equipment
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. 64.97 |
|
|
1 |
Rs. 100.55 |
|
Euro |
1 |
Rs. 73.99 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--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.