MIRA INFORM REPORT
|
Report No. : |
341095 |
|
Report Date : |
16.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
NEWKEM ENGINEERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Harganga Mahal, 3rd Floor, Khodadad Circle, Dadar TT,
Mumbai – 400 014, Maharashtra |
|
Tel. No.: |
91-22-24144261 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.10.1983 |
|
|
|
|
Com. Reg. No.: |
11-031063 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.000
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74210MH1983PTC031063 |
|
|
|
|
IEC No.: |
0395005965 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACN1541J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject
is engaged into providing construction/ insulation and fire proofing
services. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (51) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 590000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a
Mumbai based company incorporated on 11th September, 1983. It has satisfactory
track record. The company is
operating on its own funds. Further, it possesses a decent profile marked by
decent networth base along with ample liquidity and profitability. Trade relations
are fair. Business is active. Payment terms are reported to be usually
correct. The company can
be considered 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
SME 3 |
|
Rating Explanation |
Above average level of creditworthiness. |
|
Date |
08.04.2015 |
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
31-03-2015.
INFORMATION DECLINED
Management non-cooperative 91-22-24144261 / 25953353
LOCATIONS
|
Registered Office/ Head Office : |
Harganga Mahal, 3rd Floor, Khodadad Circle, Dadar TT,
Mumbai – 400 014, Maharashtra, India |
|
Tel. No.: |
91-22-24144261/ 62/ 63/ 64 |
|
Fax No.: |
91-22-24141513 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Works : |
Lake Road, Off LBS Marg, Near Bhandup Police Station, |
|
|
|
|
Construction Office : |
Located at: ·
Chennai ·
Vadodara ·
Indore |
|
|
|
|
Regional Office/ Sales Office : |
Located at: ·
Bangalore ·
New Delhi ·
Nagpur ·
Kolkata |
DIRECTORS
AS ON 20.09.2013
|
Name : |
Mrs.
Dolly Nimish Sura |
|
Designation : |
Director |
|
Address : |
23,
Goglestan, 34, Bhulabhai Desai Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1962 |
|
Date of Appointment : |
01.04.1996 |
|
DIN No.: |
00449982 |
|
|
|
|
Name : |
Mr.
Nimish Vrajlal Sura |
|
Designation : |
Director |
|
Address : |
23,
Goglestan, 34, Bhulabhai Desai Road, Mumbai – 400 026, Maharashtra, India |
|
Date of Birth/Age : |
08.07.1958 |
|
Date of Appointment : |
11.10.1983 |
|
DIN No.: |
00450025 |
|
|
|
|
Name : |
Mr.
Pankaj Khodidas Vora |
|
Designation : |
Director |
|
Address : |
12,
Navratna Co-Operative Housing Society, 33, Hanuman Road, Vile Parle (East),
Mumbai – 400 057, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1954 |
|
Date of Appointment : |
01.10.2002 |
|
DIN No.: |
00471807 |
|
|
|
|
Name : |
Mr.
Norman Adolph Dsouza |
|
Designation : |
Additional
Director |
|
Address : |
19,
Hind Mansion, Sitladevi Temple Road, Mahim, Mumbai – 400 016, Maharashtra,
India |
|
Date of Birth/Age : |
17.06.1958 |
|
Date of Appointment : |
01.01.2014 |
|
DIN No.: |
03202511 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.09.2013
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Nimish Vrajlal Sura |
75870 |
84.30 |
|
Dolly Nimish Sura |
8100 |
9.00 |
|
Kush
Nimish Sura |
6030 |
6.70 |
|
|
|
|
|
Total |
90000 |
100.00 |
AS ON 20.09.2013
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject
is engaged into providing construction/ insulation and fire proofing
services. |
|
|
|
|
Products / Services : |
·
Contracting of fireproofing materials, building -
mechanical construction, ·
Contracting of industrial insulation and application
(including sale of products) ·
Contracting of mandolux-acoustical coating
material |
|
|
|
|
Brand Names : |
“NEWKEM” |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
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|
|
|
Terms : |
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Selling : |
Not Divulged |
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|
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Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVIALABLE
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 : |
|
|
Name : |
P.L. Raval and Company Chartered Accountants |
|
Address : |
Sai Chambers, 5th Floor, Office No.506, Behind Best Depot,
Near Railway Station, Santacruz (East), Mumbai – 400 055, Maharashtra, India |
|
Tel. No.: |
91-22-26187065 |
|
E-Mail : |
|
|
PAN
No : |
AABPR0948R |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Group Companies (As per indirect sources) : |
Newkem Products Corporation (NPC) |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
90000 |
Equity Shares |
Rs.100/- each |
Rs.9.000
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 |
9.000 |
9.000 |
9.000 |
|
(b) Reserves &
Surplus |
197.892 |
183.319 |
166.694 |
|
(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) |
206.892 |
192.319 |
175.694 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
0.000 |
2.205 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
2.205 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
16.456 |
8.600 |
21.833 |
|
(c) Other current liabilities |
19.770 |
15.219 |
15.039 |
|
(d) Short-term provisions |
17.231 |
25.259 |
17.716 |
|
Total Current Liabilities
(4) |
53.457 |
49.078 |
54.588 |
|
|
|
|
|
|
TOTAL |
260.349 |
243.602 |
230.282 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i) Tangible assets |
14.391 |
15.049 |
13.014 |
|
(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 |
0.012 |
0.012 |
0.032 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
23.361 |
26.759 |
18.691 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
37.764 |
41.820 |
31.737 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current investments |
8.500 |
8.500 |
13.640 |
|
(b) Inventories |
19.700 |
13.400 |
26.940 |
|
(c) Trade receivables |
151.940 |
116.399 |
110.463 |
|
(d) Cash and cash
equivalents |
39.592 |
58.301 |
42.410 |
|
(e) Short-term loans and
advances |
2.853 |
5.182 |
5.092 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
222.585 |
201.782 |
198.545 |
|
|
|
|
|
|
TOTAL |
260.349 |
243.602 |
230.282 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Gross Sales |
235.385 |
243.698 |
241.155 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
27.124 |
30.046 |
21.764 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2.746 |
2.762 |
2.560 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
24.378 |
27.284 |
19.204 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.006 |
7.959 |
6.933 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
16.372 |
19.325 |
12.271 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
161.543 |
146.918 |
139.347 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Declared/ Proposed Dividend |
1.800 |
2.700 |
2.700 |
|
|
|
Transfer to General Reserve |
1.800 |
2.000 |
2.000 |
|
|
BALANCE CARRIED
TO THE B/S |
174.315 |
161.543 |
146.918 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1.537 |
1.953 |
4.892 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
12.438 |
34.914 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
182.00 |
215.00 |
136.00 |
|
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 flows from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Gross Sales) |
(%) |
6.96 |
7.93 |
5.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.36 |
11.20 |
8.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.14 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.16 |
4.11 |
3.64 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In Million |
Rs. In Million |
Rs. In Million |
|
Share Capital |
9.000 |
9.000 |
9.000 |
|
Reserves & Surplus |
166.694 |
183.319 |
197.892 |
|
Net worth |
175.694 |
192.319 |
206.892 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
2.205 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
2.205 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.011 |
0.000 |
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 |
|
Gross Sales |
241.155 |
243.698 |
235.385 |
|
|
|
1.055 |
(3.411) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs. In Million |
Rs. In Million |
Rs. In Million |
|
Gross Sales |
241.155 |
243.698 |
235.385 |
|
Profit |
12.271 |
19.325 |
16.372 |
|
|
5.09% |
7.93% |
6.96% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
ACHIEVEMENTS:
The
Company has achieved a turnover of Rs.235.000 million. The turnover has remain
constant due to business re-structuring and re-aligning the business strategy
in the Civil-Mechanical and Building business. The company has reasonable
business margins / net realisations. The company is pursuing new frontiers for
Facade Barriers and Cladding,
Partitions, Passive Fire Protection and Export Sales in SAARC countries. The
Company has shown strong financial and technical capabilities for executing projects
to the required performance, quality and scheduled time in Industrial and
Commercial sectors in all India.
Subject
has since achieved completion of single contracts with sales/contracts receipts
exceeding 100.000 million and has been successful in obtaining repeat orders
from same clients.
The
Company represents various building products and systems of international
repute including products from Isolatek - Newkem Fire Proof Coatings
Vermiculite and Intumescent, Firespray Coatings and Sealants, Ceramic Fibre,
Ceiling Systems, DuPont Tyvek Subtex-Airguard, Tyvek Barrier and JSSL / Tata
BlueScope Steel Building Systems and achieved reasonable success in the recent
years.
The
company has done well in business segments of Insulation and Fire Protection
Systems and has added the DuPont Tyvek Commercial Wrap a Weatherisation
Building Envelope System in the building industry and Flamebar a Coating for
Fire Rated Ducts and GFS 1000 Fire Stopping Compound for use in Infra-structure
and Commercial Buildings HVAC Industry. Other products and systems are being
actively pursued with focus an infrastructure sector.
FUTURE OUTLOOK:
The
Company, is well diversified and has orders for Steelframe Factory Building,
Insulation; Coatings, Building Partitions and Fire Protection Contracts in
varied industry and commercial sectors. The Company is poised for a bright
future with potential to execute works in industrial, commercial and infrastructure facilities. The
company has now established construction offices at Chennai, Vadodara, Indore
and Safes offices in Bangalore, Nagpur, Delhi thus ensuring an All India
presence and accessibility.
The
company is building a strong team of construction and professional staff to take
the company forward for a successful future business in construction and
infrastructure developments.
The
company has a reasonable order book position as at 31.03.2014 and Orders for
Fire Protection for Airports, Petrochemicals / Refineries, Commercial Office
Complex and Factories and Insulation in Industries.
The
Company has successfully completed 31 years in the Construction Industry and
has accredited with SME 2 rating by CRISIL. The Company is registered under
MSMED Act.
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10408234 |
16/02/2013 |
50,000,000.00 |
HDFC Bank Limited |
HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai, Maharashtra - 400013, India |
B69681294 |
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Bank Guarantee |
31.097 |
31.652 |
FIXED ASSETS:
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Leasehold Improvements
·
Computers
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 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.66.44 |
|
UK Pound |
1 |
Rs.102.41 |
|
Euro |
1 |
Rs.75.05 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--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 |
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 |
|
51 |
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.