MIRA INFORM REPORT
|
Report No. : |
340787 |
|
Report Date : |
11.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANJAY ALLOYS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.77, B. Oosman Khan Road, Bangalore – 560002, Karnataka |
|
Mobile No.: |
91-9341218143 (Mr. Jaiprakash Gupta) |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
11.01.1989 |
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|
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Com. Reg. No.: |
009774 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.19.564 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1989PTC009774 |
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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
: |
Subject is engaged in the business of manufacturing and trading in all kinds of Iron and Steel. |
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|
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
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 |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject was established in the year 1989. It has a moderate track. For the financial year 2014, the company has moderate financial risk profile
marked by huge losses incurred which has eroded the networth of the company
it has weak balance sheet profile. However, Business is active. Payment terms are slow. In view of weak financial risk profile, the company can be considered for
business dealings on fully safe and secure 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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mr. Jaiprakash Gupta |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9341218143 |
|
Date : |
10.09.2015 |
LOCATIONS
|
Registered Office / Factory: |
No.77, B. Oosman Khan Road, Bangalore – 560002, Karnataka, India |
|
Tel. No.: |
91-80-26704651 |
|
Mobile No.: |
91-9341218143 (Mr. Jaiprakash Gupta) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Jaiprakash Gupta |
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Designation : |
Managing Director |
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|
Address : |
A 004, Wellington Park, Wellington Street, Ricjhmond Town, Bangalore - 560025, Karnataka, India |
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Date of Birth/Age : |
05.04.1946 |
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Date of Appointment : |
11.01.1989 |
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DIN No.: |
01946437 |
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Other Directorship :
|
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|
Name : |
Sunil Saraf |
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|
Designation : |
Director |
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|
Address : |
# 37/12-1, Archana Complex, 4th Cross,
Lalbagh Road, Bangalore - 560027, Karnataka, India |
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Date of Birth/Age : |
18.06.1976 |
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Date of Appointment : |
29.09.2003 |
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DIN No.: |
00388423 |
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Other Directorship :
|
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KEY EXECUTIVES
|
Name : |
T. M. Vinay |
|
Designation : |
Company Secretary |
|
Address : |
12/A, 2nd Floor, 7th Main, 7th Block, 4th Cross, 4th Phase, BSK 3rd Stage, Syndicate Bank Colony, Bangalore, Karnataka, India |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
Jai Prakash Gupta |
|
10100 |
|
Saroj Gupta |
|
1660 |
|
Uday Gokani |
|
3200 |
|
Vinay Gupta |
|
1 |
|
Anil Gupta |
|
1 |
|
Vinod Singhal |
|
1 |
|
Sanjay Gupta |
|
60000 |
|
Bhanwar Lal Sharma |
|
5000 |
|
Prabhu Haridas |
|
5000 |
|
Anita Kanoria |
|
10000 |
|
Sharda Singhania |
|
10000 |
|
Pravat Panda |
|
10000 |
|
Shyam Godavari Steel Private Limited |
|
37485 |
|
Chitra Durga Ispat Private Limited |
|
12515 |
|
Devabrat Pal |
|
5000 |
|
Surendra Kumar |
|
5000 |
|
Venkatswamy |
|
10 |
|
Anjana Gupta |
|
3 |
|
Jai Prakash Gupta(HUF) |
|
2 |
|
Sanjay Gupta (HUF) |
|
2 |
|
Total |
|
174980 |
|
Names of Shareholders [Preference Shares] |
|
No. of Shares |
|
Jai Prakash Gupta |
|
7400 |
|
Sanjay Gupta |
|
6900 |
|
Saroj Gupta |
|
4356 |
|
Jai Prakash Gupta(HUF) |
|
2000 |
|
Total |
|
20656 |
AS ON 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
28.50 |
|
Directors or relatives of Directors |
71.50 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing and trading in all kinds of Iron and Steel. |
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|
|
|
Products : |
Iron and Steel |
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|
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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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Imports : |
Not Divulged |
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|
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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 : |
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Auditors : |
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|
Name : |
D. Kedia and Associates Chartered Accountants |
|
Address : |
G-33, Raheja Arcade, Kormangala, Bangalore – 560095, Karnataka, India |
|
Tel. No.: |
91-80-32984818 |
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Mobile No.: |
91-9448138806 / 9845194821 |
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PAN No.: |
AACFD0259L |
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Memberships : |
--- |
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Collaborators : |
---- |
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Related Parties [AS ON 31.03.2013]: |
Maruti Steel N Hardware Chitradurga Inspat Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
175,000 |
Equity Shares |
Rs.100/- each |
Rs.17.500 Million |
|
25,000 |
Preference Shares |
Rs.100/- each |
Rs.2.500 Million |
|
|
Total |
|
Rs.20.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
174,980 |
Equity Shares |
Rs.100/- each |
Rs.17.498 Million |
|
20,656 |
Preference Shares |
Rs.100/- each |
Rs.2.066 Million |
|
|
Total |
|
Rs.19.564 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 |
19.564 |
19.564 |
19.564 |
|
(b) Reserves &
Surplus |
(25.258) |
11.078 |
18.094 |
|
(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) |
(5.694) |
30.642 |
37.658 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
54.937 |
51.645 |
49.249 |
|
(b) Deferred tax liabilities
(Net) |
5.354 |
5.259 |
5.036 |
|
(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) |
60.291 |
56.904 |
54.285 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
35.070 |
51.357 |
44.464 |
|
(b) Trade payables |
13.133 |
23.302 |
0.000 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
11.235 |
|
(d) Short-term provisions |
0.304 |
0.180 |
0.190 |
|
Total Current Liabilities
(4) |
48.507 |
74.839 |
55.889 |
|
|
|
|
|
|
TOTAL |
103.104 |
162.385 |
147.832 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
31.219 |
31.724 |
34.291 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
2.536 |
2.529 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.010 |
0.010 |
0.010 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
31.843 |
17.427 |
17.389 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
65.608 |
51.690 |
51.690 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
21.591 |
67.026 |
70.386 |
|
(c) Trade receivables |
15.619 |
40.925 |
23.871 |
|
(d) Cash and cash
equivalents |
0.286 |
0.357 |
0.470 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
0.000 |
2.387 |
1.415 |
|
Total Current Assets |
37.496 |
110.695 |
96.142 |
|
|
|
|
|
|
TOTAL |
103.104 |
162.385 |
147.832 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
47.963 |
229.367 |
208.563 |
|
|
Other Income |
0.067 |
0.015 |
0.628 |
|
|
TOTAL |
48.030 |
229.382 |
209.191 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
19.282 |
130.156 |
105.250 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
45.435 |
(10.355) |
14.365 |
|
|
Employees benefits
expense |
0.188 |
0.745 |
0.945 |
|
|
Other expenses |
9.115 |
106.443 |
73.916 |
|
|
TOTAL |
74.020 |
226.989 |
194.476 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
(25.990) |
2.393 |
14.715 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
8.400 |
7.335 |
7.126 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(34.390) |
(4.942) |
7.589 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.852 |
1.852 |
1.836 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(36.242) |
(6.794) |
5.753 |
|
|
|
|
|
|
|
Less |
TAX |
0.094 |
0.222 |
0.414 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(36.336) |
(7.016) |
5.339 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(12.922) |
(5.906) |
(11.245) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(49.258) |
(12.922) |
(5.906) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(185.73) |
(35.86) |
31.00 |
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) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(75.76) |
(3.06) |
2.56 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(54.19) |
1.04 |
7.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(36.04) |
(4.25) |
3.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
6.36 |
(0.22) |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
(15.81) |
3.36 |
2.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.77 |
1.48 |
1.72 |
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 |
19.564 |
19.564 |
19.564 |
|
Reserves & Surplus |
18.094 |
11.078 |
(25.258) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
37.658 |
30.642 |
(5.694) |
|
|
|
|
|
|
long-term borrowings |
49.249 |
51.645 |
54.937 |
|
Short term borrowings |
44.464 |
51.357 |
35.070 |
|
Total borrowings |
93.713 |
103.002 |
90.007 |
|
Debt/Equity ratio |
2.489 |
3.361 |
(15.807) |
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 |
208.563 |
229.367 |
47.963 |
|
|
|
9.975 |
(79.089) |
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 |
208.563 |
229.367 |
47.963 |
|
Profit/Loss |
5.339 |
(7.016) |
(36.336) |
|
|
2.56% |
(3.06%) |
(75.76%) |
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 |
Yes |
|
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 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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances |
52.419 |
49.338 |
|
|
|
|
|
Total |
52.419 |
49.338 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10235073 |
29/10/2009 |
1,400,000.00 |
CORPORATION BANK |
NO. 113, S C ROAD BRANCH,, NEAR ANAND RAO CERCLE, |
A84083781 |
|
2 |
10183402 |
27/08/2014 * |
40,455,000.00 |
CORPORATION BANK |
S C ROAD BRANCH, NO.71/1, I FLOOR, 'BRIGADE PLAZA' |
C20120507 |
* Date of charge modification
WORKING RESULTS AND
PROGRESS
The company has made loss of Rs.36.242 Million during the year. Against loss of Rs.6.794 Million during last year.
FIXED ASSETS
- Land
- Bore well
- Furniture
- Lorry
- Plant and Machinery
- Weigh Bridge
- E.O.T Crane
- Lab Equipment
- Electric Installation
- Water Tank
- Cycle
- Fax machine
- Computer and Printer
- Land development
- Pump set
- Shed
- Oil tanker
- Office Equipment
- Laboratory equipment
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.66.58 |
|
|
1 |
Rs.102.29 |
|
Euro |
1 |
Rs.74.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
14 |
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.