MIRA INFORM REPORT
|
Report No. : |
342445 |
|
Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
B. R. METAL AND ALLOYS (GUJ) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F-4, New Madhavpura, Near Police Commissioner Office, Shahibaug,
Ahmedabad – 380004, Gujarat |
|
Tel. No.: |
91-79-25633928 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.12.1986 |
|
|
|
|
Com. Reg. No.: |
04-009225 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.57.496 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28999GJ1986PTC009225 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCB2590E |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer,
Exporter and Importer of Ferrous and Non-ferrous Metals. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of “B.R. Group”. The group comprises of B.R. Metal and
Alloys (Guj) Private Limited and Ghanshyam Metal Udyou (GMU). The subject is
engaged into manufacturing, exporting and importing of ferrous and
non-ferrous metals. The company possesses a healthy financial profile marked by decent
networth along with comfortable debt protection metrics and better increase
in its sales volume during 2014. The ratings is constrained on the stiff competition in the metal
trading industry and low profit margins, may be due to exchange rate
fluctuations. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of promoter’s extensive experience, the subject can be
considered normal for business dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB+ |
|
Rating Explanation |
Moderate risk of default regarding timely servicing of financial
obligations. |
|
Date |
November 26, 2014 |
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. Gopal |
|
Designation : |
Finance and Account Manager |
|
Contact No.: |
91-9998039450 |
|
Date : |
23.09.2015 |
LOCATIONS
|
Registered Office : |
F-4, New Madhavpura, Near Police Commissioner Office, Shahibaug,
Ahmedabad – 380 004, |
|
Tel. No.: |
91-79-25633928 |
|
Mobile No.: |
91-9998039450 (Mr. Gopal) |
|
Fax No.: |
91-79-25633960 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Babuprasad Ramdayal Shah |
|
Designation : |
Director |
|
Address : |
13, Bhimnath Society, Behind Circuit House, Shahibaug, Ahmedabad –
380004, Gujarat, India |
|
Date of Birth/Age : |
30.03.1942 |
|
Date of Appointment : |
01.03.2014 |
|
PAN No.: |
ACOPS3358M |
|
DIN No.: |
00762219 |
|
|
|
|
Name : |
Mr. Kailash Babuprasad Shah |
|
Designation : |
Managing Director |
|
Address : |
13, Bhimnath Society, Behind Circuit House, Shahibaug, Ahmedabad –
380004, Gujarat, India |
|
Date of Birth/Age : |
11.05.1966 |
|
Date of Appointment : |
01.03.2014 |
|
PAN No.: |
ABYPS9910Q |
|
DIN No.: |
00722503 |
|
|
|
|
Name : |
Mr. Ghanshyam Babuprasad Shah |
|
Designation : |
Director |
|
Address : |
13, Bhimnath Society, Behind Circuit House, Shahibaug, Ahmedabad –
380004, Gujarat, India |
|
Date of Birth/Age : |
13.11.1969 |
|
Date of Appointment : |
15.12.1986 |
|
DIN No.: |
00722472 |
|
|
|
|
Name : |
Mr. Nishant Kailash Khatod |
|
Designation : |
Director |
|
Address : |
13, Bhimnath Society, Behind Circuit House, Shahibaug, Ahmedabad –
380004, Gujarat, India |
|
Date of Birth/Age : |
15.09.1991 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
06562105 |
KEY EXECUTIVES
|
Name : |
Mr. Gopal |
|
Designation : |
Finance and Account Manager |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Babuprasad Ramdayal Shah |
|
2749975 |
|
Kailash Babuprasad Shah |
|
874875 |
|
Ghanshyam Babuprasad Shah |
|
805500 |
|
Kanchanben Babuprasad Shah |
|
310500 |
|
Babuprasad Ramdayal Shah (HUF) |
|
4500 |
|
Manjuben Kailashchandra Shah |
|
258750 |
|
Chandaben Ghanshyam Shah |
|
288000 |
|
Smit Kailash Shah |
|
86250 |
|
Nishant Kailash Shah |
|
86250 |
|
Riddhi Ghanshyam Shah |
|
142500 |
|
Siddhi Ghanshyam Shah |
|
142500 |
|
Total |
|
5749600 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
%20PRIVATE%20LIMITED%20-%20342445_MIRA%2023-Sep-2015_files/image014.gif)
BUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter and Importer of Ferrous and Non-ferrous Metals. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
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 : |
|
|
Name : |
Rushil Soni and Company Chartered Accountants |
|
Address : |
56, Management Enclave, Mansi to Lake Road, Vast rapur , Ahmedabad – 380054, Gujarat, India |
|
PAN No.: |
BOYPS5095C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Relatives of Key management personnel : |
|
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management
personnel and their relatives : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital: Rs.70.000 Million
Issued, Subscribed & Paid-up Capital: Rs.47.496
Million
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/-each |
Rs.70.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5749600 |
Equity Shares |
Rs.10/-each |
Rs.57.496
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 |
57.496 |
57.496 |
57.496 |
|
(b) Reserves &
Surplus |
420.343 |
398.517 |
370.181 |
|
(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) |
477.839 |
456.013 |
427.677 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.907 |
2.056 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.068 |
0.286 |
0.288 |
|
(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) |
0.975 |
2.342 |
0.288 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
178.017 |
13.535 |
141.223 |
|
(b) Trade payables |
0.631 |
115.571 |
82.783 |
|
(c) Other current liabilities |
83.236 |
92.791 |
69.731 |
|
(d) Short-term provisions |
0.060 |
1.919 |
0.285 |
|
Total Current Liabilities
(4) |
261.944 |
223.816 |
294.022 |
|
|
|
|
|
|
TOTAL |
740.758 |
682.171 |
721.987 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.969 |
9.695 |
6.271 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.849 |
0.849 |
0.828 |
|
(e) Other Non-current
assets |
2.141 |
4.016 |
1.004 |
|
Total Non-Current Assets |
10.959 |
14.560 |
8.103 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
58.803 |
84.550 |
155.647 |
|
(c) Trade receivables |
433.112 |
346.049 |
316.211 |
|
(d) Cash and cash
equivalents |
1.529 |
4.057 |
0.527 |
|
(e) Short-term loans and
advances |
161.677 |
82.320 |
124.446 |
|
(f) Other current assets |
74.678 |
150.635 |
117.053 |
|
Total Current Assets |
729.799 |
667.611 |
713.884 |
|
|
|
|
|
|
TOTAL |
740.758 |
682.171 |
721.987 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
3903.215 |
3476.727 |
3158.326 |
|
|
|
|
|
|
|
Less |
EXPENSES |
3856.806 |
3424.618 |
3107.608 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
46.409 |
52.109 |
50.718 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
11.857 |
8.872 |
10.450 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
34.552 |
43.237 |
40.268 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.943 |
1.202 |
1.327 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
32.609 |
42.035 |
38.941 |
|
|
|
|
|
|
|
Less |
TAX |
10.783 |
13.698 |
11.577 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
21.826 |
28.337 |
27.364 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Trading Goods |
2.507 |
1.986 |
0.000 |
|
|
TOTAL
IMPORTS |
2.507 |
1.986 |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
3.80 |
4.93 |
4.76 |
%20PRIVATE%20LIMITED%20-%20342445_MIRA%2023-Sep-2015_files/image003.gif){kind=small}
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
|
|
|
|
Cash generated from operations |
|
|
|
|
Net cash flows from |
|
|
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.40 |
6.16 |
5.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07 |
0.09 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.37 |
0.03 |
0.33 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.79 |
2.98 |
2.43 |
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 |
57.496 |
57.496 |
57.496 |
|
Reserves & Surplus |
370.181 |
398.517 |
420.343 |
|
Net worth |
427.677 |
456.013 |
477.839 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
2.056 |
0.907 |
|
Short term borrowings |
141.223 |
13.535 |
178.017 |
|
Total borrowings |
141.223 |
15.591 |
178.924 |
|
Debt/Equity ratio |
0.330 |
0.034 |
0.374 |
%20PRIVATE%20LIMITED%20-%20342445_MIRA%2023-Sep-2015_files/image016.gif)
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
3158.326 |
3476.727 |
3903.215 |
|
|
|
10.081 |
12.267 |
%20PRIVATE%20LIMITED%20-%20342445_MIRA%2023-Sep-2015_files/image018.gif)
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
3158.326 |
3476.727 |
3903.215 |
|
Profit |
27.364 |
28.337 |
21.826 |
|
|
0.87% |
0.82% |
0.56% |
%20PRIVATE%20LIMITED%20-%20342445_MIRA%2023-Sep-2015_files/image020.gif)
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---------------------- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
---------------------- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---------------------- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
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 |
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10335249 |
04/02/2014 * |
300,000,000.00 |
STANDARD CHARTERED BANK (ACTING AS AN AGENT ON BEHALF OF IDBI BANK LIMITED) |
SME CREDIT, GROUND
FLOOR, ABHIJEET II,, MITHAKALI |
B95592952 |
|
2 |
10204051 |
04/05/2013 * |
250,000,000.00 |
IDBI BANK LIMITED |
IDBI COMPLEX, NEAR
LAL BUNGLOW, OFF C.G. ROAD,, |
B76561380 |
|
3 |
10068213 |
04/02/2014 * |
180,000,000.00 |
STANDARD CHARTERED BANK |
SME CREDIT, GROUND
FLOOR, ABHIJEET II,, MITHAKALI |
B95594107 |
|
4 |
10066755 |
25/08/2007 |
100,000,000.00 |
STANDARD CHARTERED BANK |
GROUND FLOOR,
ABHIJEET-II, MITHAKALI SIX ROADS, |
A22727762 |
|
5 |
90099797 |
15/03/2004 |
484,731.00 |
CITI CORP. FINANCE INDIA LIMITED |
402 REMORSNDT BUILDING, PANCHAYATI CIRCLE C.G.ROAD, AHMEDABAD, GUJARAT, INDIA |
- |
|
6 |
90097300 |
13/09/1988 |
500,000.00 |
MADHAVPURA MERCANTILE CO-OP. BANK LIMITED |
DARLAPUR AHMEDABAD ROAD, SHAHIBAUG ROAD, AHMEDABAD, GUJARAT, INDIA |
- |
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from related parties |
16.840 |
11.790 |
|
Other loans and advances |
75.000 |
1.745 |
|
Total |
91.840 |
13.535 |
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Factory Equipments
- Furniture and Fixtures
- Vehicles
- Office 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 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.65.75 |
|
|
1 |
Rs.102.16 |
|
Euro |
1 |
Rs.74.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KYP |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
4 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.