MIRA INFORM REPORT
|
Report No. : |
340342 |
|
Report Date : |
10.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
EXPERION SALES PRIVATE LIMITED |
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|
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Registered
Office : |
Office No. B – 102, Basement – 46A, Hasanpur, Main Road, I.P.
Extension, Delhi – 110092 |
|
Tel. No.: |
Not Available |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2015 (Provisional) |
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Date of
Incorporation : |
26.03.2013 |
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|
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Com. Reg. No.: |
55-249862 |
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Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
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CIN No.: [Company Identification
No.] |
U51909DL2013PTC249862 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Coal, Steel Pipes, TMT Bar, S. R. Plates, S.S. Plates. |
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|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The company possesses moderate operational performance and it has
reported low profit margin from its operational activities. Rating further constrained on account of company’s short track record
of business operations marked by moderate financial risk profile along with
low reserves and modest net worth profile of the company. However, trade relations are reported as fair. Payments are reported
to be slow but correct. In view of aforesaid, the company can be considered for business
dealing with some caution. |
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 PARTED BY
|
Name : |
Mr. Ruchi |
|
Designation : |
Admin Incharge |
|
Contact No.: |
91-8744016693 |
|
Date : |
08.09.2015 |
LOCATIONS
|
Registered Office : |
Office No. B – 102, Basement – 46A, Hasanpur, Main Road, I.P.
Extension, Delhi – 110092, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-8744016693 (Mr. Ruchi) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
700 Sq. Ft. |
|
Location : |
Rented |
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Locality: |
Commercial |
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Branch Office 1 : |
Office No. 2, Block No. 03, Plot No. 08, Survey No. 06, Taiki,
Gandhidham Kaksha, Gujarat, India |
|
Location : |
Rented |
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|
|
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Branch Office 2: |
Building No. A- 8A, Gali No. 9, Prema Complex, Village, Val Dept,
Bhiwandi, Mumbai, Maharashtra, India |
DIRECTORS
|
Name : |
Mr. Soney Lal |
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|
Designation : |
Director |
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Address : |
862/B Hanuman Gali, Mandawali, New Delhi – 110092, India |
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Date of Birth/Age : |
12.02.1975 |
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Date of Appointment : |
26.03.2013 |
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DIN No.: |
06494719 |
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Name : |
Mr. Tirvinder Singh |
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Designation : |
Director |
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Address : |
392, Saket Block, Mandawali, New Delhi – 110092, India |
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Date of Birth/Age : |
15.10.1988 |
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Date of Appointment : |
26.03.2013 |
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DIN No.: |
06494721 |
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Name : |
Mr. Suresh Rawat |
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Designation : |
Additional Director |
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|
Address : |
B-179, B-Block, Mandawali Fazalpur, New Delhi - 110092, India |
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Date of Appointment : |
05.08.2015 |
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DIN No.: |
07255915 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Ruchi |
|
Designation : |
Admin Incharge |
MAJOR SHAREHOLDERS
As on 21.02.2013
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Soney Lal |
120000 |
50.00 |
|
Tirvinder Singh |
120000 |
50.00 |
|
|
|
|
|
Total |
240000 |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Coal, Steel Pipes, TMT Bar, S. R. Plates, S.S. Plates. |
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|
Products : |
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|
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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 : |
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Selling : |
Cash and Advance Payment |
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Purchasing : |
Cash and Advance Payment |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Auditors : |
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|
Name : |
Vivek Soni and Company Chartered Accountants |
|
Address: |
Ghaziabad, Uttar Pradesh, India |
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|
|
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Memberships : |
Not Available |
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|
Collaborators : |
Not Available |
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|
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|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital : Not Available
Issued, Subscribed & Paid-up Capital : Rs. 10.000
Million
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
240000 |
Equity Shares |
Rs.10/- each |
Rs. 2.400
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2015 (Provisional) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.672 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
12.672 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.672 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.419 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
11.366
|
|
|
Sundry Debtors |
|
|
25.794
|
|
|
Cash & Bank Balances |
|
|
0.325
|
|
|
Other Current Assets |
|
|
0.007
|
|
|
Loans & Advances |
|
|
0.000
|
|
Total
Current Assets |
|
|
37.492
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
24.587
|
|
|
Other Current Liabilities |
|
|
|
|
|
Provisions |
|
|
0.652
|
|
Total
Current Liabilities |
|
|
25.239
|
|
|
Net Current Assets |
|
|
12.253
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
12.672 |
|
ABRIDGED
BALANCE SHEET (CONSOLIDATED)
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.400 |
2.400 |
|
(b) Reserves & Surplus |
|
0.094 |
0.014 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
2.494 |
2.414 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
0.000 |
0.000 |
|
(b) Trade
payables |
|
0.326 |
0.061 |
|
(c) Other
current liabilities |
|
0.215 |
0.012 |
|
(d) Short-term
provisions |
|
0.034 |
0.006 |
|
Total Current
Liabilities (4) |
|
0.575 |
0.079 |
|
|
|
|
|
|
TOTAL |
|
3.069 |
2.493 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
0.491 |
0.154 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.008 |
0.010 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
0.499 |
0.164 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
0.915 |
0.415 |
|
(c) Trade
receivables |
|
1.530 |
1.779 |
|
(d) Cash
and cash equivalents |
|
0.125 |
0.135 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
2.570 |
2.329 |
|
|
|
|
|
|
TOTAL |
|
3.069 |
2.493 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2015 (Provisional) |
|
|
SALES |
|
|
|
|
|
Income |
|
|
507.790 |
|
|
Other Income |
|
|
0.000 |
|
|
TOTAL
|
|
|
507.790 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Goods Sold |
|
|
497.324 |
|
|
Freight and Forwarding Charges
|
|
|
1.527 |
|
|
Labour |
|
|
0.327 |
|
|
Book and Periodicals |
|
|
0.008 |
|
|
Commission |
|
|
0.069 |
|
|
Freight |
|
|
0.073 |
|
|
Legal and Professional
Expenses |
|
|
1.226 |
|
|
Loading and Unloading
Charges |
|
|
0.097 |
|
|
Medical Reimbursement |
|
|
0.325 |
|
|
Office Expenses |
|
|
0.162 |
|
|
Telephone and Postage
expenses |
|
|
0.374 |
|
|
Printing and Stationery |
|
|
0.123 |
|
|
Postage Expenses |
|
|
0.022 |
|
|
Preliminary Expenses |
|
|
0.043 |
|
|
Rent |
|
|
0.001 |
|
|
Repairs and Maintenance |
|
|
0.172 |
|
|
Security Expenses |
|
|
0.033 |
|
|
Salary |
|
|
0.043 |
|
|
Staff Welfare |
|
|
2.556 |
|
|
Vehicle running expenses |
|
|
0.114 |
|
|
Water and Electricity
Expenses |
|
|
0.276 |
|
|
Other expenses |
|
|
0.162 |
|
|
TOTAL
|
|
|
505.213 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
|
2.577 |
|
|
|
|
|
|
|
Less: |
DEPRECIATION |
|
|
0.156 |
|
|
|
|
|
|
|
|
NET PROFIT/ LOSS |
|
|
2.577 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
|
NA |
PROFIT
& LOSS ACCOUNT (CONSOLIDATED)
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
152.536 |
7.525 |
|
|
|
Other Income |
|
0.000 |
0.000 |
|
|
|
TOTAL |
|
152.536 |
7.525 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
151.461 |
7.656 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
|
(0.499) |
(0.415) |
|
|
|
Employees benefits expense |
|
0.626 |
0.078 |
|
|
|
Other expenses |
|
0.744 |
0.144 |
|
|
|
TOTAL |
|
152.332 |
7.463 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
0.204 |
0.062 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.091 |
0.042 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
0.113 |
0.020 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
0.034 |
0.006 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
0.079 |
0.014 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
0.33 |
NA |
|
Expected Sales (2015-2016): Rs.1000.000 Million (More order receive)
The above information has been parted by Mr. Ruchi (Admin Incharge).
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 flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.51 |
0.05 |
0.19 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
0.13 |
0.82 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.71 |
3.68 |
0.80 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.05 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.05 |
4.47 |
29.48 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.400 |
10.000 |
|
Reserves & Surplus |
0.094 |
2.672 |
|
Money received against share
warrants |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
|
Net
worth |
2.494 |
10.000 |
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
|
Unsecured Loans |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
152.536 |
507.790 |
|
|
1927.056 |
232.898 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
152.536 |
507.790 |
|
Profit |
0.079 |
2.577 |
|
|
0.05% |
0.51% |
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 |
Yes |
|
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 |
No |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 about two years
and 5 days |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last about two years and
5 days |
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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
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 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.66.29 |
|
UK Pound |
1 |
Rs.102.89 |
|
Euro |
1 |
Rs.73.98 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
GTA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
28 |
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.