MIRA INFORM REPORT
|
Report No. : |
339319 |
|
Report Date : |
02.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MALDAR BARRELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-29, MIDC Industrial Area, Panvel ,Taloja, Raigad – 410208,
Maharashtra |
|
Tel. No.: |
91-22-25215317 / 25200222 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
19.03.1986 |
|
|
|
|
Com. Reg. No.: |
11-039258 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.52.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129MH1986PTC039258 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM09271D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCM0999G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of BI and GI Drums and Barrels. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (11) |
|
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 : |
Unknown |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track. The management has failed to file its financial record with government
department since 2010. As per previous financial record of 2010, the company has incurred a
huge accumulated loss which has eroded networth of the company. As per the status in the registrar of companies business appears to be
active. Payments are reported to be unknown. The company can be considered for business dealings on safe and
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 rating : B+ (Suspended) |
|
Rating Explanation |
Have risk prone credit quality and carries very high credit risk. |
|
Date |
11.02.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A4 (Suspended) |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
11.02.2014 |
Reason for suspension: The suspension of
rating is on account of noncooperation by maldar with CRISIL’s effort to
undertake a review of the ratings outstanding.
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.
LOCATIONS
|
Registered Office/Factory : |
C-29, MIDC Industrial Area, Panvel ,Taloja, Raigad – 410208,
Maharashtra, India |
|
Tel. No.: |
91-22-25215317 / 25200222 |
|
Mobile No.: |
91-9820061117 (Mr. Haresh Jethanand Dharmani) |
|
Fax No.: |
91-22-25215317 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 22.09.2010
|
Name : |
Haresh Jethanand Dharmani |
|
Designation : |
Director |
|
Address : |
6A/4 Basant Park, R.C. Road, Chembur, Mumbai – 400071, Maharashtra,
India |
|
Date of Birth/Age : |
25.03.1972 |
|
Date of Appointment : |
19.03.1986 |
|
DIN No.: |
02153286 |
|
|
|
|
Name : |
Lalit Jethanand Dharmani |
|
Designation : |
Director |
|
Address : |
6A/4 Basant Park, R.C. Road, Chembur, Mumbai – 400071, Maharashtra,
India |
|
Date of Birth/Age : |
10.05.1975 |
|
Date of Appointment : |
23.05.1996 |
|
DIN No.: |
02146564 |
|
|
|
|
Name : |
Jethanand Jairamdas Dharmani |
|
Designation : |
Director |
|
Address : |
6A/4 Basant Park, R.C. Road, Chembur, Mumbai – 400071, Maharashtra,
India |
|
Date of Birth/Age : |
12.05.1944 |
|
Date of Appointment : |
18.10.1993 |
|
DIN No.: |
03172481 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 22.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Haresh Jethanand Dharmani |
|
301000 |
|
Anupa Vasanji Mamania |
|
3000 |
|
Jethanand Jairamdas Dharmani |
|
3000 |
|
Lalit Jethanand Dharmani |
|
199500 |
|
Ashish Vasanji Mamania |
|
6000 |
|
Kasturi Vasanji Mamania |
|
6000 |
|
Neha Haresh Dharmani |
|
6500 |
|
|
|
|
|
Total |
|
525000 |
AS ON 01.03.2011
|
Names of Allottees |
|
No. of Shares |
|
Haresh Jethanand Dharmani |
|
75000 |
|
Lalit Jethanand Dharmani |
|
75000 |
|
Total |
|
150000 |
AS ON 10.01.2013
|
Names of Allottees |
|
No. of Shares |
|
Haresh Jethanand Dharmani |
|
75000 |
|
Lalit Jethanand Dharmani |
|
75000 |
|
Total |
|
150000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 22.09.2010
|
Category |
Percentage |
|
Directors or relatives of Directors |
97.00 |
|
Other top fifty shareholders |
3.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of BI and GI Drums and Barrels. |
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|
|
|
Products : |
Iron and steel items, GI pipe, MS pipe, ERW pipe, etc. |
|
|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
J.H. Ghumara and Company Chartered Accountants |
|
Address : |
B-14, Jessika, Natakwala Lane, S.V. Road, Borivali (West) Mumbai –
400092, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAIPG6171A |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 22.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
825,000 |
Equity Shares |
Rs.100/- each |
Rs.82.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
825,000 |
Equity Shares |
Rs.100/- each |
Rs.82.500 Million |
|
|
|
|
|
AS ON 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
525000 |
Equity Shares |
Rs.100/- each |
Rs.52.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
525000 |
Equity Shares |
Rs.100/- each |
Rs.52.500 Million |
|
|
|
|
|
Notes:
495000 Equity Shares of Rs. 100/- each were allotted during the year.
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Shareholder's Capital |
52.500 |
3.000 |
3.000 |
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
3] Reserves & Surplus |
9.582 |
9.582 |
9.582 |
|
4] (Accumulated Losses) |
(89.588) |
(89.501) |
(88.022) |
|
NETWORTH |
(27.506) |
(76.919) |
(75.440) |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
218.757 |
150.331 |
95.923 |
|
2] Unsecured Loans |
36.950 |
41.809 |
26.512 |
|
TOTAL
BORROWING |
255.707 |
192.140 |
122.435 |
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
0.939 |
0.605 |
0.605 |
|
|
|
|
|
|
TOTAL |
229.140 |
115.826 |
47.600 |
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
73.653 |
37.691 |
13.348 |
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
INVESTMENT |
0.015 |
0.015 |
0.015 |
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
37.575 |
61.226 |
15.308 |
|
Sundry Debtors |
156.362 |
25.877 |
14.114 |
|
Cash & Bank Balances |
0.025 |
0.033 |
0.251 |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
Loans & Advances and Deposits |
18.526 |
14.871 |
21.157 |
|
Total
Current Assets |
212.488 |
102.007 |
50.830 |
|
|
|
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
0.000 |
0.000 |
16.437 |
|
Other Current Liabilities / Duty and Taxes |
57.014 |
23.828 |
0.099 |
|
Provisions |
0.002 |
0.059 |
0.057 |
|
Total
Current Liabilities |
57.016 |
23.887 |
16.593 |
|
|
|
|
|
|
Net
Current Assets |
155.472 |
78.120 |
34.237 |
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
229.140 |
115.826 |
47.600 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SALES |
|
|
|
|
|
Income |
557.102 |
235.033 |
153.472 |
|
|
Other Income |
0.132 |
0.217 |
0.019 |
|
|
TOTAL
|
557.234 |
235.250 |
153.491 |
|
|
|
|
|
|
|
Less |
EXPENSES |
556.987 |
236.726 |
171.437 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
0.247 |
(1.476) |
(17.946) |
|
|
|
|
|
|
|
Less |
TAX |
0.334 |
0.002 |
0.034 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(0.087) |
(1.478) |
(17.980) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(0.17) |
(49.27) |
(599.00) |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
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 |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.02) |
(0.63) |
(11.72) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.09 |
(1.06) |
(27.96) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.01) |
0.02 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(9.30) |
(2.50) |
(1.62) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.73 |
4.27 |
3.06 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Shareholder's Capital |
3.000 |
3.000 |
52.500 |
|
Reserves & Surplus |
9.582 |
9.582 |
9.582 |
|
(Accumulated Losses) |
(88.022) |
(89.501) |
(89.588) |
|
Net worth |
(75.440) |
(76.919) |
(27.506) |
|
|
|
|
|
|
Secured Loans |
95.923 |
150.331 |
218.757 |
|
Unsecured Loans |
26.512 |
41.809 |
36.950 |
|
Total borrowings |
122.435 |
192.140 |
255.707 |
|
Debt/Equity ratio |
(1.623) |
(2.498) |
(9.296) |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
153.472 |
235.033 |
557.102 |
|
|
|
53.144 |
137.031 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
153.472 |
235.033 |
557.102 |
|
Profit/Loss |
(17.980) |
(1.478) |
(0.087) |
|
|
(11.72%) |
(0.63%) |
(0.02%) |
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 |
No |
|
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 LOAN
|
PARTICUARS |
31.03.2010 (Rs.
in Million) |
31.03.2009 (Rs.
in Million) |
|
|
|
|
|
From Directors/Shareholders/Group Concern |
9.142 |
22.898 |
|
From Others |
27.808 |
18.911 |
|
Total |
36.950 |
41.809 |
INDEX OF CHARGES
|
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
10398299 |
28/12/2012 |
90,000,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH,, CHEMBUR,, MUMBAI, MAHARASHTRA - |
B66280694 |
|
10273009 |
15/02/2011 |
40,000,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH,, CHEMBUR,, MUMBAI, MAHARASHTRA - |
B07058209 |
|
10198112 |
10/12/2009 |
35,000,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH,, CHEMBUR,, MUMBAI, MAHARASHTRA - |
A77737377 |
|
10182809 |
29/09/2009 |
30,000,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, CHEMBUR, MUMBAI, MAHARASHTRA - 40 |
A72129083 |
|
10157757 |
02/04/2009 |
30,000,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, MAHARASHTRA - 400071, INDI |
A62232962 |
|
90237626 |
15/06/2004 |
5,000,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, MAHARASHTRA - 400071, INDI |
- |
|
90237557 |
24/05/2003 |
2,500,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, MAHARASHTRA - 400071, INDI |
- |
|
90236046 |
09/05/2011 * |
697,500,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH,, CHEMBUR,, MUMBAI, MAHARASHTRA - |
B13749494 |
|
90229555 |
28/12/2012 * |
714,500,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH,, CHEMBUR,, MUMBAI, MAHARASHTRA - |
B66280223 |
|
90237358 |
12/02/2004 * |
14,700,000.00 |
BANK OF BARODA |
CHEMBUR BRANCH, MUMBAI, MAHARASHTRA - 400071, INDI |
- |
* Date of charge modification
PREFORMAMCE [AS ON
31.03.2010]
The Company’s turnover is of Rs. 557.100 Million as against Rs. 235.000 Million in the earlier year. The Company earned Net Profit of Rs. 0.247 Million as against the Net Loss of Rs. 1.476 Million in the previous year. The margin of profit was good as compare to earlier year. This has resulted in reducing the Loss as compared to earlier year.
FIXED ASSETS
- Land
- Building
- Plant
and Machinery
- Electrical
Installation
- Dies
and Moulds
- Furniture
and Fixtures
- Office
Equipments
- Typewriter
- Tanker
Trucks
- Computer
- Weighing
Scale
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 records 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
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
-- |
|
--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 |
|
11 |
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.