MIRA INFORM REPORT
|
Report No. : |
339986 |
|
Report Date : |
08.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAWMIN MINING AND INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
94 A, Mittal Court, 224, Nariman Point, Mumbai – 400021, Maharashtra |
|
Tel. No.: |
91-22-22829191 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.01.1999 |
|
|
|
|
Com. Reg. No.: |
11-168380 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.196.201 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26999MH1999PTC168380 |
|
|
|
|
IEC No.: |
2499001895 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCR3228D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Processor and Exporter of Beneficiated Bauxite
and also Trader of Iron Ore. |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
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 : |
Erstwhile set up as a partnership concern. “Rawmin Trade Agencies”, in
1981 by the Gujarat – based Thanki family. The firm was reconstructed as a private
limited company in 1999. It is an established company having satisfactory
track. The rating takes consideration in the established relationship of the
company’s promoter with customers and suppliers and its above average
financial risk profile, marked by operational base, moderate networth and
adequate debt protection metrics. These rating strengths are partially offset by exposure to changes in
regulations, and moderate scale of operations due to price variation in
international market. However, trade relations are reported as fair. Business is active.
Payment terms are reported to be usually correct. The company can be considered good for normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
22.04.2015 |
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. Nachiket Pandya |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-22-22829191 |
|
Date : |
07.09.2015 |
LOCATIONS
|
Registered Office : |
94 A, Mittal Court, 224, Nariman Point, Mumbai – 400021, Maharashtra,
India |
|
Tel. No.: |
91-22-22829191 / 22829192 |
|
Fax No.: |
91-22-22829193 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch 1 : |
East Kadia Plots,Porbandar – 360575, Gujarat, India |
|
Tel. No.: |
91-286-2241108 / 2248179 |
|
Fax No.: |
91-286-2245237 |
|
|
|
|
Branch 2 : |
Plot No. 22-B, GF – 1, Happy Home Cooperative Society, La Campala, Miramar
– 403002, Goa, India |
|
Tel. No.: |
91-832-2465899 |
|
Fax No.: |
91-832-2464399 |
|
E-Mail : |
|
|
|
|
|
Branch 3 : |
615-Gera's Imperium-II Patto Plaza, Panaji - 403001, Goa, India |
|
|
|
|
Processing Unit + Warehouse : |
Village Pulkhada, Porbandar, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Mahesh Jatashankar Thanki |
|
Designation : |
Managing Director |
|
Address : |
“Madhav Bhuvan” 2, Bhojeshwar Plot, Porbandar – 360575, Gujarat, India |
|
Date of Birth/Age : |
22.07.1958 |
|
Date of Appointment : |
29.01.1999 |
|
DIN No.: |
00045946 |
|
PAN No.: |
AAVPT7746H |
|
|
|
|
Name : |
Mr. Bhavin Harihar Thanki |
|
Designation : |
Whole-time Director |
|
Address : |
2, Wadi Plot, Porbandar – 360575, Gujarat, India |
|
Date of Birth/Age : |
21.08.1972 |
|
Date of Appointment : |
29.01.1999 |
|
DIN No.: |
00046393 |
|
PAN No.: |
AAVPT7748K |
|
|
|
|
Name : |
Mr. Bhargav Girjashankar Thanki |
|
Designation : |
Managing Director |
|
Address : |
“Shree Siddhivinayak” Gayatri Plots, Opposite Brahm Samaj Jubilee, Porbandar – 360 577, Gujarat, India |
|
Date of Birth/Age : |
24.02.1968 |
|
Date of Appointment : |
29.01.1999 |
|
DIN No.: |
00046364 |
|
PAN No.: |
AAVPT7747G |
KEY EXECUTIVES
|
Name : |
Mr. Nachiket Pandya |
|
Designation : |
Assistant Manager |
|
|
|
|
Name : |
Parineeta Shivaprasad Poonja |
|
Designation : |
Secretary |
|
Address : |
76/B/23, Brindavan Society, Thane - 400601, Maharashtra, India |
|
PAN No.: |
COCPP7576L |
|
Date of Appointment : |
03.03.2015 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Mahesh Jatashankar Thanki |
3582936 |
18.26 |
|
Bhargav Girjashankar Thanki |
4036536 |
20.57 |
|
Bhavin Harihar Thanki |
3695436 |
18.83 |
|
Kalpana Ashwin Thanki |
3312936 |
16.89 |
|
Mamta Mahesh Thanki |
1322100 |
6.74 |
|
Hema Bhargav Thanki |
868500 |
4.43 |
|
Hansaben Harihar Thanki |
1209600 |
6.17 |
|
Gautam Ashwin Thanki |
1592100 |
8.11 |
|
Total |
19620144 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Processor and Exporter of Beneficiated Bauxite
and also Trader of Iron Ore. |
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Product or service: |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash, Advance Payment, L/C and Credit |
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Purchasing : |
Cash, Advance Payment, L/C and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
35 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
M J Rindani and Associates Chartered Accountants |
|
Address : |
205, Trade Centre, Sardar Nagar Main Road, Rajkot, Gujarat, India |
|
PAN No.: |
ABXPR2609C |
|
|
|
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Memberships : |
--- |
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|
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Collaborators : |
--- |
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|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000,000 |
Equity Shares |
Rs.10/- each |
Rs.200.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19,620,144 |
Equity Shares |
Rs.10/- each |
Rs.196.201 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 |
196.201 |
196.201 |
196.201 |
|
(b) Reserves &
Surplus |
78.427 |
52.405 |
29.162 |
|
(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) |
274.628 |
248.606 |
225.363 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
2.873 |
3.169 |
3.401 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
2.873 |
3.169 |
3.401 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
156.458 |
140.968 |
54.504 |
|
(b) Trade payables |
6.492 |
8.441 |
0.414 |
|
(c) Other current
liabilities |
1.779 |
0.678 |
0.425 |
|
(d) Short-term provisions |
30.723 |
17.648 |
10.256 |
|
Total Current Liabilities
(4) |
195.452 |
167.735 |
65.599 |
|
|
|
|
|
|
TOTAL |
472.953 |
419.510 |
294.363 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
68.206 |
61.161 |
48.530 |
|
(ii) Intangible Assets |
15.604 |
17.175 |
18.746 |
|
(iii) Capital
work-in-progress |
1.707 |
1.707 |
13.423 |
|
(iv) Intangible assets
under development |
11.267 |
10.967 |
3.467 |
|
(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 |
2.442 |
2.142 |
5.664 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
99.226 |
93.152 |
89.830 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
172.133 |
174.564 |
64.445 |
|
(c) Trade receivables |
0.000 |
2.093 |
0.680 |
|
(d) Cash and cash
equivalents |
23.407 |
22.828 |
14.862 |
|
(e) Short-term loans and
advances |
123.429 |
86.588 |
124.546 |
|
(f) Other current assets |
54.758 |
40.285 |
0.000 |
|
Total Current Assets |
373.727 |
326.358 |
204.533 |
|
|
|
|
|
|
TOTAL |
472.953 |
419.510 |
294.363 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
560.700 |
545.100 |
194.300 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
50.724 |
42.281 |
7.033 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.787 |
3.989 |
3.981 |
|
|
|
|
|
|
|
Less |
Extra-Ordinary item |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
45.937 |
38.292 |
3.052 |
|
|
|
|
|
|
|
Less |
TAX |
15.355 |
12.768 |
1.273 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
30.582 |
25.524 |
1.779 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
48.585 |
25.341 |
24.018 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Proposed Dividend |
1.962 |
1.962 |
0.392 |
|
|
Corporate Dividend Tax on
Proposed Dividend |
0.318 |
0.318 |
0.064 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
76.887 |
48.585 |
25.341 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
558.384 |
540.586 |
111.759 |
|
|
TOTAL EARNINGS |
558.384 |
540.586 |
111.759 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.56 |
1.30 |
0.09 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
400.000 |
|
|
|
|
Due to Market
Fluctuation |
Expected Sales (2015-2016 ) : Rs.800.000 Million
The above information has been parted by Mr. Nachiket Pandya (Assistant
Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
27.923 |
34.233 |
(23.028) |
|
Net cash flows from (used in) operating activities |
25.348 |
26.345 |
(23.028) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.45 |
4.68 |
0.92 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.99 |
9.41 |
1.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17 |
0.15 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.57 |
0.57 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.91 |
1.95 |
3.12 |
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 |
196.201 |
196.201 |
196.201 |
|
Reserves & Surplus |
29.162 |
52.405 |
78.427 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
225.363 |
248.606 |
274.628 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
54.504 |
140.968 |
156.458 |
|
Current maturities of
long term debt |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
54.504 |
140.968 |
156.458 |
|
Debt/Equity ratio |
0.242 |
0.567 |
0.570 |
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 |
194.300 |
545.100 |
560.700 |
|
|
|
180.546 |
2.862 |
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 |
194.300 |
545.100 |
560.700 |
|
Profit |
1.779 |
25.524 |
30.582 |
|
|
0.92% |
4.68% |
5.45% |
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 |
Yes |
|
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 F – 605, Dheeraj Presidency, M G Road, Kandivali (West) Mumbai –
400067, Maharashtra, India to the present address w.e.f. 19.03.2007
OPERATIONS
The Company substantially increased its export trade during the year by exporting bauxite of FOB Value of Rs.560.700 Million as against sales of Rs.545.100 Million in the preceeding year. The directors are hopeful of achieving sales in excess of Rs.600.000 Million during current year. The directors are also hopeful that exports of Iron Ore shall be resumed this year.
After considering effects of forex fluctuations as also rise in mining and operational expenses, the company would achieve profit after tax of Rs.30.500 Million.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10007803 |
29/05/2006 |
400,000.00 |
STATE BANK OF INDIA |
M G ROAD, LALIT MANSION, PORBANDAR, GUJARAT - 360 |
A01693753 |
|
2 |
80033292 |
21/12/2013 * |
270,000,000.00 |
CANARA BANK |
OVERSEAS BRANCH, C-14,CANARA BANK BLDG,G BLOCK,, |
B92516053 |
|
3 |
90144683 |
12/09/2003 |
30,000,000.00 |
CANARA BANK |
OVERSEAS BRANCH; DALMAL TOWERS, NARIMAN POINT, MU |
- |
* Date of charge modification
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Machinery
·
Furniture and Fixtures
·
Office Equipments
·
Vehicles
·
Computer Equipments
Intangible Assets
- Mining rights
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.66.74 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.74.27 |
INFORMATION DETAILS
|
Information Gathered
by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
4 |
|
--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 |
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 |
|
44 |
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.