MIRA INFORM REPORT
|
Report No. : |
339256 |
|
Report Date : |
05.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
MANOJ KR. ANIL KR. ENGINEERING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
20, Maharshi Devendra Road, 3rd Floor, Room No.78, Kolkata – 700007,
West Bengal |
|
Tel. No.: |
91-33-22597823 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.08.2008 |
|
|
|
|
Com. Reg. No.: |
21-123316 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.11.296 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB2008PTC123316 |
|
|
|
|
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 Railway Components. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profit margin of the company is low. However, net worth of the company
is satisfactory. General financial position of the company is normal and
acceptable for business dealing. Trade relations are reported as fair. Business is active. Payments terms
are reported to be slow but correct. The company can be considered normal for business dealings at usual
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Sandeep Agarwal |
|
Designation : |
Account Department |
|
Contact No.: |
91-9830129006 |
|
Date : |
07.05.2015 |
LOCATIONS
|
Registered Office : |
20, Maharshi Devendra Road, 3rd Floor, Room No.78, Kolkata – 700007,
West Bengal, India |
|
Tel. No.: |
91-33-22597823/ 26556305 |
|
Mobile No.: |
91-9830129006 (Mr. Sandeep Agarwal) |
|
Fax No.: |
91-33-22741605 |
|
E-Mail : |
|
|
|
|
|
Factory: |
Howrah, West Bengal, India |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Manoj Kumar Kedia |
|
Designation : |
Director |
|
Address : |
268 GT Road, Liluah, Howrah – 711204, West Bengal, India |
|
Date of Birth/Age : |
14.06.1970 |
|
Date of Appointment : |
29.02.2008 |
|
PAN No.: |
AFOPK2703F |
|
DIN No.: |
00421292 |
|
|
|
|
Name : |
Mr. Anil Kumar Goel |
|
Designation : |
Additional director |
|
Address : |
5/1, Munshi Jallerrahim Lane, 2nd Floor, Howrah - 711106,
West Bengal, India |
|
Date of Appointment : |
01.07.2014 |
|
DIN No.: |
00421342 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Agarwal |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Manoj Kumar Kedia |
|
206500 |
|
Purshottam Dass Goel |
|
211000 |
|
Sourabha Venture Capital Trust Balaji, India |
|
35000 |
|
Vighnhar Marekting Private Limited, India |
|
3000 |
|
Criticare Marketing Private Limited, India |
|
2000 |
|
Punya Leather Private Limited, India |
|
7000 |
|
Mubarak Lubricants Private Limited, India |
|
8000 |
|
Badal Commotrade Private Limited, India |
|
3000 |
|
Dimension holding Private Limited, India |
|
3000 |
|
East Coast Realtors Private Limited, India |
|
5000 |
|
Micro Dealers Private Limited, India |
|
5000 |
|
Khaitan Uyog Private Limited, India |
|
8000 |
|
Jindal Hire Purchase Private Limited, India |
|
5000 |
|
Apsara Barter Private Limited, India |
|
6000 |
|
Hector Dealers Private Limited, India |
|
4000 |
|
Tech Mech Relators Private Limited, India |
|
5000 |
|
Consistent Dealers Private Limited, India |
|
5000 |
|
Bachchi Finance Private Limited, India |
|
6000 |
|
Ziwani Barter Private Limited, India |
|
6000 |
|
Sunima Trading Private Limited, India |
|
5000 |
|
Star Vanijya Private Limited, India |
|
5000 |
|
Aayush Manufacturing and Financers (P), India |
|
2000 |
|
Dhanvani Commodities Private Limited, India |
|
4000 |
|
Heavens Software Private Limited, India |
|
3000 |
|
Build Con Finance Limited, India |
|
5000 |
|
Sneha Residency Private Limited, India |
|
5000 |
|
Abhyudaya Builders Private Limited, India |
|
5000 |
|
Balaji Roll Forming (Private) Limited, India |
|
167500 |
|
Capstan Real Estate Private Limited, India |
|
5000 |
|
Desire Financial Consultants
Private Limited, India |
|
2500 |
|
Melody Residency Private Limited, India |
|
5000 |
|
Arnab Properties Private Limited, India |
|
5000 |
|
Total |
|
752500 |
As on 31.03.2014
|
Names of Allottees |
|
No. of Shares |
|
Triplerank Vinimay Private Limited, India |
|
105172 |
|
Unique Commodeal Private Limited, India |
|
68966 |
|
Balaji Roll Forming (Private) Limited, India |
|
159900 |
|
Shiv Khori Construction Private Limited, India |
|
43103 |
|
Total |
|
377141 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
30.23 |
|
Directors or relatives of Directors |
55.48 |
|
Other top fifty shareholders |
14.29 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Railway Components. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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|
||||
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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 : |
|
||||||||||||||||||||||||
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Facilities : |
|
|
Financial Institute: |
Reliance Capital Limited, "H" Block 1st Floor,
Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai - 400710,
Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
J. Jain and Company Chartered Accountants |
|
Address : |
23A N. S. Road 11th Floor, Room No. 44, Kolkata-700001,
West Bengal, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFJ8069K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates: |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2752500 |
Equity Shares |
Rs.10/- each |
Rs.27.525 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1129641 |
Equity Shares |
Rs.10/- each |
Rs.11.296 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 |
11.296 |
7.525 |
6.450 |
|
(b) Reserves & Surplus |
321.995 |
209.743 |
173.340 |
|
(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) |
333.291 |
217.268 |
179.790 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.592 |
80.187 |
11.591 |
|
(b) Deferred tax liabilities
(Net) |
2.572 |
2.017 |
1.654 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.020 |
|
(d) long-term provisions |
0.020 |
0.020 |
0.020 |
|
Total
Non-current Liabilities (3) |
13.184 |
82.224 |
13.285 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
461.307 |
328.212 |
286.565 |
|
(b) Trade payables |
645.294 |
833.510 |
461.602 |
|
(c) Other current liabilities |
437.553 |
869.683 |
370.486 |
|
(d) Short-term provisions |
9.208 |
6.787 |
6.549 |
|
Total
Current Liabilities (4) |
1553.362 |
2038.192 |
1125.202 |
|
|
|
|
|
|
TOTAL |
1899.837 |
2337.684 |
1318.277 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
79.725 |
81.340 |
86.240 |
|
(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 |
8.732 |
5.621 |
6.274 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
88.457 |
86.961 |
92.514 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
486.779 |
576.923 |
299.961 |
|
(c) Trade receivables |
653.955 |
1272.902 |
566.913 |
|
(d) Cash and cash equivalents |
20.554 |
17.814 |
18.259 |
|
(e) Short-term loans and
advances |
615.730 |
355.282 |
332.161 |
|
(f) Other current assets |
34.362 |
27.802 |
8.469 |
|
Total
Current Assets |
1811.380 |
2250.723 |
1225.763 |
|
|
|
|
|
|
TOTAL |
1899.837 |
2337.684 |
1318.277 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
2271.737 |
|
|
Other Income |
|
|
|
|
|
TOTAL
|
3461.103 |
3191.641 |
2271.737 |
|
|
|
|
|
|
|
Less |
EXPENSES |
3374.043 |
3088.942 |
2213.419 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
87.060 |
102.699 |
58.318 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
70.078 |
85.692 |
42.911 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.982 |
17.007 |
15.407 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.354 |
7.631 |
7.030 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
9.628 |
9.376 |
8.377 |
|
|
|
|
|
|
|
Less |
TAX |
2.975 |
3.074 |
2.690 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
6.653 |
6.302 |
5.687 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
21.742 |
15.440 |
9.753 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
28.395 |
21.742 |
15.440 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
5.89 |
8.37 |
8.81 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
6.177 |
10.896 |
8.073 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(161.317) |
(137.366) |
(22.031) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.51 |
0.40 |
0.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.04 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.42 |
1.88 |
1.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.17 |
1.10 |
1.09 |
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 |
6.450 |
7.525 |
11.296 |
|
Reserves & Surplus |
173.340 |
209.743 |
321.995 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
179.790 |
217.268 |
333.291 |
|
|
|
|
|
|
long-term borrowings |
11.591 |
80.187 |
10.592 |
|
Short term borrowings |
286.565 |
328.212 |
461.307 |
|
Current maturities of
long-term debts |
8.073 |
10.896 |
6.177 |
|
Total
borrowings |
306.229 |
419.295 |
478.076 |
|
Debt/Equity
ratio |
1.703 |
1.930 |
1.434 |
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 Income |
2271.737 |
3191.641 |
3461.103 |
|
|
|
40.493 |
8.443 |
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 Income |
2271.737 |
3191.641 |
3461.103 |
|
Profit |
5.687 |
6.302 |
6.653 |
|
|
0.25% |
0.20% |
0.19% |
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 |
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 |
No |
|
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 |
OPERATIONS:-
During the year the Company sales (incl. other operational income) has increased by 8.45% to Rs.3459.473 Million as compared to Rs.3190.049 Million during the preceding year. The profit after tax during the year increased by 5.57 % to Rs.6.653 Million as compared to Rs.6.302 Million registered preceding year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans |
2.479 |
7.026 |
|
Loans and advances from directors |
2.401 |
2.327 |
|
Other loans and advances, others |
1.769 |
69.373 |
|
Total |
6.649 |
78.726 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10427224 |
17/05/2013 |
4,900,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK
1ST FLOOR, DHIRUBHAI AMBANI KNOWLEDGE C |
B75652941 |
|
2 |
10373458 |
16/08/2012 |
2,162,000.00 |
RELAINCE CAPITAL LIMITED |
1, SHAKESPEARE
SARANI, KOLKATA, WEST BENGAL - 7000 |
B56786486 |
|
3 |
10363176 |
25/07/2014 * |
20,000,000.00 |
ANDHRA BANK |
BURRABAZAR BRANCH,
23/1 M.D. ROAD, KOLKATA, WEST |
C14789705 |
|
4 |
10163775 |
05/05/2009 |
1,250,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE
SENAPATI BAPAT MARG, LOWER PAREL |
A64579378 |
|
5 |
10128790 |
19/09/2008 |
60,000,000.00 |
ANDHRA BANK |
BURRABAZAR BRANCH,
23/1 MAHARSHI DEVENDRA ROAD, K |
A50101302 |
|
6 |
10097312 |
02/02/2015 * |
420,000,000.00 |
ANDHRA BANK |
BURRABAZAR BRANCH,
23/1 MAHARSHI DEVENDRA ROAD, K |
C45246063 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
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.66.40 |
|
|
1 |
Rs.101.19 |
|
Euro |
1 |
Rs.73.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.