MIRA INFORM REPORT
|
Report No. : |
338970 |
|
Report Date : |
01.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
INDIANA CONVEYORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Indiana House, Makwana Road, Off M V Road, Marol Naka, Andheri East
Mumbai – 400059, Maharashtra |
|
Tel. No.: |
91-22-28598096 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
26.10.1988 |
|
|
|
|
Com. Reg. No.: |
11-049370 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 26.400 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29150MH1988PTC049370 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of engineering item. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 1988.
It is the manufacturer of conveyor systems. It has a satisfactory track
record. In the view of financial of the year 2014, the company has healthy
operational activity marked by decent sales turnover along with profitability
margin of 1.8%. Further, the company possesses strong financial risk profile marked by
comfortable capital structure and efficient net worth position along with
favorable gap between trade payables and receivables. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of vast experience of the promoters and long business track
record, the company can be considered for business dealings at usual 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 |
CARE |
|
Rating |
Long Term Rating = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
March 19, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
March 19, 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 PARTED BY
|
Name : |
Mr. Vilas Patel |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-28598096 |
|
Date : |
28.08.2015 |
LOCATIONS
|
Registered Office : |
Indiana House, Makwana Road, Off M V Road, Marol Naka, Andheri East Mumbai
– 400059, Maharashtra, India |
|
Tel. No.: |
91-22-28598096 |
|
Mobile No.: |
91- |
|
Fax No.: |
91-22-28505154 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Located At :
|
DIRECTORS
AS ON 26.09.2013
|
Name : |
Padma Gobind Hingorani |
|
Designation : |
Director |
|
Address : |
Sidhant, Juhu Dhara Complex, Juhu Extension, Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
19.11.1946 |
|
Date of Appointment : |
26.10.1988 |
|
DIN No.: |
01011452 |
|
|
|
|
Name : |
Gobind arjandas hingorani |
|
Designation : |
Director |
|
Address : |
Sidhant, Juhu Dhara Complex, Juhu Extension, Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
30.06.1945 |
|
Date of Appointment : |
26.10.1988 |
|
DIN No.: |
01011222 |
|
|
|
|
Name : |
Prashant Gobind Hingorani |
|
Designation : |
Director |
|
Address : |
Sidhant, Juhu Dhara Complex, Juhu Extension, Mumbai – 400053, Maharashtra, India |
|
Date of Appointment : |
01.12.2010 |
|
DIN No.: |
01011388 |
|
|
|
|
Name : |
Ashok Malik |
|
Designation : |
Managing Director |
|
Address : |
C-1, Zarna Enclave, Near Saidham, Western Express Highway, Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Date of Birth/Age : |
25.02.1956 |
|
Date of Appointment : |
01.03.2011 |
|
DIN No.: |
02427168 |
|
|
|
|
Name : |
Manish Dattatray Shedge |
|
Designation : |
Director |
|
Address : |
Flat No-702, C-Wing, Leo Land Chs, Raje Shivaji Ng, Saki Vihar Road, Tunga Village, Powai, Mumbai – 400072, Maharashtra, India |
|
Date of Appointment : |
02.03.2015 |
|
DIN No.: |
07055567 |
KEY EXECUTIVES
|
Name : |
Mr. Vilas Patel |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
AS ON 26.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Indiana Engineering Works (BOM) Private Limited |
|
17120 |
|
Indiana Engineering Works (BOM) Private Limited |
|
62000 |
|
Indiana Engineering Works (BOM) Private Limited |
|
50000 |
|
Indiana Engineering Works (BOM) Private Limited |
|
45000 |
|
Hingorani A. Gobind |
|
10 |
|
Hingorani A. Gobind |
|
63080 |
|
Hingorani A. Padma |
|
10 |
|
Hingorani A. Padma |
|
13300 |
|
Hingorani G. Prashant |
|
75 |
|
Hingorani G. Prashant |
|
12805 |
|
Hingorani G. Gayatri |
|
100 |
|
Hingorani G. Gayatri |
|
500 |
|
|
|
|
|
Total |
|
264000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2013
|
Category |
Percentage |
|
Bodies corporate |
66.00 |
|
Directors or relatives of Directors |
34.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of engineering item. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Advance Payment and Cheque |
|
|
|
|
Purchasing : |
Cash, Advance Payment and Cheque |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers : |
Not Divulged
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
150 (Approximately) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
|
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
P.T. Chhatpar and Company Chartered Accountant |
|
Address : |
A/2107, RNA Royale Park, M.G. Road, Link Road Junction, Kandivali
(West), Mumbai – 400067, Maharashtra, India |
|
PAN No.: |
AAAPC9114H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Indiana Gratings Private Limited, Mumbai, Maharashtra, India |
CAPITAL STRUCTURE
AS ON 26.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
270000 |
Equity Shares |
Rs.100/- each |
Rs. 27.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
264000 |
Equity Shares |
Rs.100/- each |
Rs. 26.400
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 |
26.400 |
26.400 |
26.400 |
|
(b) Reserves & Surplus |
157.034 |
152.787 |
143.655 |
|
(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) |
183.434 |
179.187 |
170.055 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.513 |
0.704 |
35.500 |
|
(b) Deferred tax liabilities (Net) |
0.367 |
0.212 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
1.071 |
0.992 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.880 |
1.987 |
36.492 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
28.347 |
2.721 |
0.000 |
|
(b) Trade
payables |
53.986 |
32.552 |
74.886 |
|
(c) Other
current liabilities |
23.453 |
8.715 |
42.366 |
|
(d) Short-term
provisions |
0.120 |
0.000 |
0.008 |
|
Total Current
Liabilities (4) |
105.906 |
43.988 |
117.260 |
|
|
|
|
|
|
TOTAL |
290.220 |
225.162 |
323.807 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
36.474 |
36.289 |
36.244 |
|
(ii)
Intangible Assets |
1.840 |
1.356 |
0.659 |
|
(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 |
0.066 |
|
(d) Long-term Loan and Advances |
2.318 |
2.076 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
40.632 |
39.721 |
36.969 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
1.386 |
1.286 |
16.443 |
|
(b)
Inventories |
32.336 |
33.268 |
66.012 |
|
(c) Trade
receivables |
153.526 |
96.657 |
115.447 |
|
(d) Cash
and cash equivalents |
45.418 |
39.399 |
70.367 |
|
(e)
Short-term loans and advances |
3.130 |
2.919 |
14.672 |
|
(f) Other current
assets |
13.792 |
11.912 |
3.897 |
|
Total
Current Assets |
249.588 |
185.441 |
286.838 |
|
|
|
|
|
|
TOTAL |
290.220 |
225.162 |
323.807 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
226.000 |
287.450 |
273.616 |
|
|
Other Income |
|
11.304 |
8.221 |
|
|
TOTAL |
226.000 |
298.754 |
281.837 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
118.227 |
173.761 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
22.976 |
(30.004) |
|
|
Employees benefits expense |
|
33.716 |
33.707 |
|
|
Other expenses |
|
103.003 |
87.280 |
|
|
Excess depreciation written back |
|
(0.118) |
0.000 |
|
|
TOTAL |
214.500 |
277.804 |
264.744 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
11.500 |
20.950 |
17.093 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
2.500 |
4.206 |
3.339 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.000 |
16.744 |
13.754 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.000 |
3.126 |
2.876 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.000 |
13.618 |
10.878 |
|
|
|
|
|
|
|
Less |
TAX |
1.800 |
4.486 |
2.950 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.200 |
9.132 |
7.928 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.90 |
34.59 |
30.03 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
346.000 |
|
|
|
|
|
Expected Sales (2015-16): Rs. 450.000 Million
The above information has been parted by Mr. Vilas Patel (Accounts
Department)
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) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.86 |
3.18 |
2.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.09
|
7.29 |
6.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.07 |
6.05 |
3.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.08 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.16 |
0.02 |
0.21 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.36 |
4.22 |
2.45 |
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 |
26.400 |
26.400 |
26.400 |
|
Reserves & Surplus |
143.655 |
152.787 |
157.034 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
170.055 |
179.187 |
183.434 |
|
|
|
|
|
|
long-term borrowings |
35.500 |
0.705 |
0.513 |
|
Short term borrowings |
0.000 |
2.721 |
28.347 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
35.500 |
3.426 |
28.860 |
|
Debt/Equity
ratio |
0.209 |
0.019 |
0.157 |
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 |
273.616 |
287.450 |
226.000 |
|
|
|
5.056 |
(21.378) |
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 |
273.616 |
287.450 |
226.000 |
|
Profit |
7.928 |
9.132 |
4.200 |
|
|
2.90% |
3.18% |
1.86% |
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 |
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: Registered office of the company has been shifted from 12, Hingarani House, Dr. A B Road, Worli, Mumbai – 400018, Maharashtra, India to the present address w.e.f. 13.11.2010.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10379400 |
05/12/2012 * |
110,000,000.00 |
CORPORATION BANK |
LARGE CORPORATE BRANCH, 301-302,THE EGALE FLIGHT, SUREN ROAD, ANDHERI KURLA ROAD,ANDHERI -EAST, MUMBAI, Maharashtra - 400093, INDIA |
B64154024 |
* Date of charge modification
FIXED ASSETS
- Leasehold
Land
- Plant and
Machinery
- Furniture and
Fixture
- Air
Conditioner
- Electrical
Installation
- Dies and
Tools
- 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, India Prisons Service,
Interpol, etc.
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 |
|
UK Pound |
1 |
Rs. 101.99 |
|
Euro |
1 |
Rs. 74.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.