MIRA INFORM REPORT
|
Report No. : |
338704 |
|
Report Date : |
01.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
DIAMOND ENGINEERING (CHENNAI) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Door No. 501, Vandalur - Kelambakkam
Main Road, Mambakkam, Chennai
– 600127, Tamilnadu |
|
Tel. No.: |
91-44-27479150 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
31.03.1997 |
|
|
|
|
Com. Reg. No.: |
18-037853 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.560.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29113TN1997PTC037853 |
|
|
|
|
IEC No.: |
0497019973 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHED04008E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD3949E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of Boiler Plants, Industrial Products etc. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (22) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Not Available |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1997 having
a moderate track record. The company has incurred a heavy loss during FY 2014 which has
resulted into deterioration of reserves. The rating also takes into consideration huge borrowings recorded by
the company and unfavourable gap between trade payable and trade receivable. Further, the rating is consideration the delays by the company in
servicing its debt. However, business is active. Payments are reported to be slow. The company can be considered for business dealings on a secured 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 |
CRISIL |
|
Rating |
Long term / Short term rating= D |
|
Rating Explanation |
The company is in default or expected to be
in default soon. |
|
Date |
20.03.2015 |
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
31-03-2013.
INFORMATION DENIED BY
|
Name : |
Mr. Raj Kumar |
|
Designation : |
G.M. Purchase |
|
Contact No.: |
91-44-27479149 |
|
Date : |
28.08.2015 |
LOCATIONS
|
Registered Office : |
Door No. 501, Vandalur - Kelambakkam
Main Road, Mambakkam, Chennai
– 600127, Tamilnadu, India |
|
Tel. No.: |
91-44-27479150 / 27479151 / 27479149 / 24501550 |
|
Contact No.: |
91-9940624123 (Mr. Din Dayal) |
|
Fax No.: |
91-44-27479152 / 24501820 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory 1 : |
Emerald
Engineering (Unit – I) No. 41, Pudhupakkam Village, Kalambakkam – Vandalur Main Road, Kanchipuram
District, Chennai – 603103, Tamilnadu, India |
|
Tel. No.: |
91-44-27474789/ 27475720/ 27475721 |
|
Fax No.: |
91-44-27474066 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Emerald Engineering
(Unit – II) Survey No. 128A, Mambakkam Village, Kelambakkam- Vandalur Main Road,
Kanchipuram District, Chennai – 600048, Tamilnadu, India |
|
Tel. No.: |
91-44-27479149/ 27479150/ 27479151 |
|
Fax No.: |
91-44-27479152 |
|
E-Mail : |
|
|
|
|
|
Branch Office 1 : |
Topaz
Engineering No. 210, Rajiv Gandhi Road, (IT Highway) Sholinganallur, Chennai –
600119, Tamilnadu, India |
|
Tel. No.: |
91-44-24503429 |
|
|
|
|
Branch Office 2 : |
Ruby |
|
Tel. No.: |
91-44-27498880/ 27498881/ 27498882 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Paduvamani Nadar Mohanraj |
|
Designation : |
Managing Director |
|
Address : |
No. 12, Zahir Hussain Street, Kuppam Road, Near VGP Garden Beach,
Panayur, Chennai – 600119, Tamilnadu,
India |
|
Date of Birth/Age : |
01.06.1958 |
|
Date of Appointment : |
31.03.1997 |
|
PAN No.: |
AANPM0999H |
|
DIN No.: |
01871070 |
|
|
|
|
Name : |
Mr. Paduvamani Danaraj |
|
Designation : |
Whole Time Director |
|
Address : |
No. 1, Nehru Street, Old Mahabalipuram Road, Sholinganallur, Chennai –
600119, Tamilnadu, India |
|
Date of Birth/Age : |
17.06.1960 |
|
Date of Appointment : |
31.03.1997 |
|
PAN No.: |
AAHPD9817H |
|
DIN No.: |
02356800 |
KEY EXECUTIVES
|
Name : |
Mr. Raj Kumar |
|
Designation : |
G.M. Purchase |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
P Mohanraj |
50400000 |
90.00 |
|
P Dhanaraj |
5600000 |
10.00 |
|
|
|
|
|
Total |
56000000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20338704%2001-Sep-2015_files/image013.gif)
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Boiler Plants, Industrial Products etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
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|
|
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
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|
|
|
Purchasing : |
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 : |
·
Axis Bank Limited Corporate Banking Branch,
Karumuthu Nilayam, No.192, Anna Salai, Chennai – 600002, Tamilnadu, India ·
State Bank of India Leather and International
Branch, "MVJ Towers', No.177/1, P.H. Road, Kilpauk, Chennai – 600010,
Tamilnadu, India ·
HDFC Bank Limited, HDFC House Senapati Bapat
Marg, Lower Parel, Mumbai – 400013, Maharashtra, India ·
Kotak Mahindra bank, 36-38A, Nariman Bhavan, 227
D, Mariman Point, Mumbai – 400021, Maharashtra, India |
||||||||||||||||||||||||
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Krishnan and Chettiappan Chartered Accountant |
|
Address : |
First Floor, No. 25, Masilamani Road, Balaji Nagar, Royapettah,
Chennai – 600014, Tamilnadu, India |
|
Tel. No.: |
91-44-28132365 |
|
Fax No.: |
91-44-28133625 |
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E-Mail : |
|
|
PAN No.: |
AABPC1053E |
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|
|
|
Memberships : |
Not Divulged |
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|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
65000000 |
Equity Shares |
Rs.10/- each |
Rs.650.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56000000 |
Equity Shares |
Rs.10/- each |
Rs.560.000 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 |
500.000 |
500.000 |
500.000 |
|
(b) Reserves & Surplus |
107.259 |
576.466 |
573.007 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
60.000 |
60.000 |
60.000 |
|
Total
Shareholders’ Funds (1) + (2) |
667.259 |
1136.466 |
1133.007 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
457.672 |
446.095 |
528.254 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.035 |
1.347 |
95.438 |
|
(d) long-term
provisions |
8.069 |
8.069 |
8.109 |
|
Total Non-current
Liabilities (3) |
465.776 |
455.511 |
631.801 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2003.382 |
2122.285 |
1445.856 |
|
(b) Trade
payables |
1173.967 |
1444.689 |
2048.999 |
|
(c) Other
current liabilities |
701.423 |
681.383 |
262.433 |
|
(d) Short-term
provisions |
4.737 |
6.272 |
57.761 |
|
Total Current
Liabilities (4) |
3883.509 |
4254.629 |
3815.049 |
|
|
|
|
|
|
TOTAL |
5016.544 |
5846.606 |
5579.857 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1469.177 |
1525.524 |
1408.999 |
|
(ii)
Intangible Assets |
1.307 |
0.361 |
0.445 |
|
(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 |
2.054 |
1.360 |
1.360 |
|
(c) Deferred tax assets (net) |
7.700 |
9.271 |
9.163 |
|
(d) Long-term Loan and Advances |
17.416 |
17.738 |
18.999 |
|
(e) Other
Non-current assets |
0.356 |
6.564 |
5.092 |
|
Total Non-Current
Assets |
1498.010 |
1560.818 |
1444.058 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
2980.283 |
3230.394 |
2971.143 |
|
(c) Trade
receivables |
332.126 |
677.062 |
698.334 |
|
(d) Cash
and cash equivalents |
7.055 |
0.782 |
22.993 |
|
(e)
Short-term loans and advances |
199.070 |
377.550 |
443.329 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total Current
Assets |
3518.534 |
4285.788 |
4135.799 |
|
|
|
|
|
|
TOTAL |
5016.544 |
5846.606 |
5579.857 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL TURNOVER |
2708.200 |
2686.100 |
3352.400 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
(361.300) |
124.700 |
223.000 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
(469.200) |
3.500 |
76.600 |
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(8.38) |
0.07 |
1.53 |
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 |
561.582 |
(46.481) |
106.031 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.69 |
2.26 |
1.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.91 |
1.01 |
1.08 |
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 |
500.000 |
500.000 |
500.000 |
|
Reserves & Surplus |
573.007 |
576.466 |
107.259 |
|
Share Application money pending
allotment |
60.000 |
60.000 |
60.000 |
|
Net
worth |
1133.007 |
1136.466 |
667.259 |
|
|
|
|
|
|
long-term borrowings |
528.254 |
446.095 |
457.672 |
|
Short term borrowings |
1445.856 |
2122.285 |
2003.382 |
|
Total
borrowings |
1974.110 |
2568.380 |
2461.054 |
|
Debt/Equity
ratio |
1.742 |
2.260 |
3.688 |
%20PRIVATE%20LIMITED%20-%20338704%2001-Sep-2015_files/image015.gif)
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 Turnover |
3352.400 |
2686.100 |
2708.200 |
|
|
|
(19.875) |
0.823 |
%20PRIVATE%20LIMITED%20-%20338704%2001-Sep-2015_files/image017.gif)
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 Turnover |
3352.400 |
2686.100 |
2708.200 |
|
Profit |
76.600 |
3.500 |
(469.200) |
|
|
2.28% |
0.13% |
(17.33%) |
%20PRIVATE%20LIMITED%20-%20338704%2001-Sep-2015_files/image019.gif)
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) |
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 |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Long Term Borrowings |
|
|
|
Rupee term loans from others |
353.839 |
302.195 |
|
Loans and advances from related parties |
5.936 |
5.936 |
|
Other loans and advances |
17.172 |
12.572 |
|
|
|
|
|
Short Term Borrowings |
|
|
|
Rupee term loans from others |
101.344 |
99.889 |
|
|
|
|
|
Total |
478.291 |
420.592 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10553137 |
15/12/2014 |
157,548,000.00 |
Canara Bank |
Kasturba Nagar Branch, Adyar, Chennai, Tamil Nadu - 600020, India |
C45646205 |
|
2 |
10503674 |
15/05/2014 |
100,000,000.00 |
India Factoring And Finance Solutions Private Limited |
6th Floor, Vaibhav Chambers, Opposite Income Tax, Bandra- Kurla Complex, Bandra (East), Mumbai, Maharashtra - 400051, India |
C06965974 |
|
3 |
10255621 |
25/03/2015 * |
481,900,000.00 |
Axis Bank Limited |
Corporate Banking Branch,, Karumuthu Nilayam,No.192, Anna Salai,, Chennai, Tamil Nadu - 600002, India |
C50339209 |
|
4 |
10118464 |
06/07/2008 |
1,900,000.00 |
ICICI Bank Limited |
Landmarkrace Cource Circle, Alkapuri, Baroda, Gujarat - 390015, India |
A43945351 |
|
5 |
90289215 |
09/01/2015 * |
1,974,000,000.00 |
State Bank of India |
Leather
& International Branch, MVJ Towers, No.17 7/1 Poonamallee High Road,
Kilpauk, Chennai, Tamil |
C54634860 |
|
6 |
90290512 |
19/09/2005 * |
240,000,000.00 |
State Bank of India |
Leather International Branch, Chennai, Tamil Nadu - 600010, India |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Office Equipment
·
Computer
·
Vehicles
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.66.26 |
|
|
1 |
Rs.101.99 |
|
Euro |
1 |
Rs.74.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
|
22 |
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.