MIRA
INFORM REPORT
|
Report Date : |
11.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
BHUMI YARN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15, Kanchan Bhavan, 2nd Floor, Dadi Seth Agaiary Lane, Kalbadevi
Road, Mumbai – 400 002, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
09.06.2004 |
|
|
|
|
Com. Reg. No.: |
11-146840 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.31.357
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17110MH2004PTC146840 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB14487E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB4111G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of
Polyester Texturised Yarn and Twisted Yarn. |
|
|
|
|
No. of Employees
: |
Approximately 35 (In office) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 645000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track. Trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for small 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.
INFORMATION PARTED BY
|
Name : |
Mr. Rupesh Srivastav |
|
Designation : |
Export Manager |
|
Contact No.: |
91-9022336402 |
|
Date : |
10.08.2011 |
LOCATIONS
|
Registered Office : |
15, Kanchan Bhavan, 2nd Floor, Dadi Seth Agaiary Lane,
Kalbadevi Road, Mumbai – 400 002, Maharashtra, India |
|
Tel. No.: |
91-22-66342425/ 22063204 |
|
Mobile No.: |
91-9022336402 (Mr. Rupesh) |
|
Fax No.: |
91-22-22063204/ 66342523 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
1000 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Survey No.221/3/1, Near Check Post, Village Dadra, Silvassa – 396 230,
Dadra and Nagar Haveli (U.T.), |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Survey No.278/2/3, Near Canal, |
|
Location : |
Owned |
DIRECTORS
As on 30/09/2009
|
Name : |
Mr. Sanjay R. Shah |
|
Designation : |
Director |
|
Address : |
15, 2nd Floor, Kanchan Bhawan, |
|
Date of Birth/Age : |
13.03.1973 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
09.06.2004 |
|
DIN No.: |
00376207 |
|
|
|
|
Name : |
Mr. Nikhil N. Shah |
|
Designation : |
Director |
|
Address : |
15, 2nd Floor, Kanchan Bhawan, |
|
Date of Birth/Age : |
10.10.1981 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
09.06.2004 |
|
DIN No.: |
00376318 |
|
|
|
|
Name : |
Mr. Chirag R. Shah |
|
Designation : |
Director |
|
Address : |
Post-KIM,Taluka-Ulpad, Taluka-Ulpad, District |
|
Date of Birth/Age : |
14.09.1982 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
27.10.2005 |
|
DIN No.: |
00548435 |
KEY EXECUTIVES
|
Name : |
Mr. Rupesh Srivastav |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Sanjaykumar Rameschand Shah |
|
74980 |
|
Nikhil N. Shah |
|
66000 |
|
Babita Ben Nihalchand Shah |
|
49660 |
|
Hulasiben Rameshchand Shah |
|
46600 |
|
Lalitaben Jain |
|
223900 |
|
Mukeshkumar Rameshchand HUF |
|
18180 |
|
Naina Sanjay Shah |
|
48060 |
|
Nihalchand Juharmal HUF |
|
19800 |
|
Pinkesh R. Shah |
|
77000 |
|
Poonam Nihalchand Shah |
|
10500 |
|
Pravin Juharmal (H.U.F) |
|
231500 |
|
Rameshchnad J. Shah |
|
51900 |
|
Rameschand Juharmal HUF |
|
36000 |
|
Rimple Manish Shah |
|
39600 |
|
Sangita Mukeshkumar Shah |
|
48000 |
|
Sanjaykumar Rameschand HUF |
|
9500 |
|
Vikesh P. Jain |
|
220000 |
|
Chirag Pravikumar Jain |
|
213500 |
|
Nihalchand Juharmal Shah |
|
100000 |
|
Lunkad Textile Private Limited, |
|
75000 |
|
Shipra Fabric Private Limited, |
|
100000 |
|
Victory Sales Private Limited, |
|
90000 |
|
Pravin Juharmal |
|
200000 |
|
Creative Warld Tele Films, |
|
60000 |
|
Glider Holding Limited, |
|
60000 |
|
Kim Electronics Ind. Limited, |
|
40000 |
|
Engiheering Professional Company Private Limited, |
|
50000 |
|
Hakmans Financial Services and Securities Private Limited, |
|
60000 |
|
Jagmandri Finvest Private Limited, |
|
40000 |
|
Kanoi Steels Limited, |
|
30000 |
|
Poonam Investment and Financial Consu. Limited, |
|
30000 |
|
Praramby Multitrode Private Limited, |
|
30000 |
|
Chirag R Shah |
|
2000 |
|
Jekita Vikesh Jain |
|
20000 |
|
Onkar Vyapaar Private Limited, |
|
50000 |
|
Parmsukh Advisery Services (Private) Limited, |
|
50000 |
|
Puspanjali Trading Private Limited, |
|
50000 |
|
Radha Krishana Chemicals and Min Private Limited, |
|
50000 |
|
Raw Gold Securities Private Limited, |
|
50000 |
|
Sidhi Marketing Private Limited, |
|
50000 |
|
Dresier Traders Private Limited, |
|
43750 |
|
Bhawani Vanija Private Limited, |
|
31250 |
|
S.K.M. Engineering Private Limited, |
|
50000 |
|
Paradise Vyapaar Private Limited, |
|
43750 |
|
Neelkanth Goods Private Limited, |
|
50000 |
|
Sonal Internation Limited, |
|
125000 |
|
Minalto Financial Limited, |
|
187500 |
|
Nexus Software Limited, |
|
168750 |
|
Sonal Cosmetics Limited, |
|
81250 |
|
Sonal Sil-Chem Limited, |
|
62500 |
|
Total
|
|
3615430 |
As on 30.03.2011
|
Names of Allottees |
|
No. of Shares |
|
Prraneta Industries Limited, |
|
50000 |
|
Dhanus Technologies Limited, |
|
75000 |
|
Total
|
|
125000 |
As on 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
58.74 |
|
Directors
or relatives of directors |
|
41.26 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of
Polyester Texturised Yarn and Twisted Yarn. |
|
|
|
|
Products : |
Texturised Yarn |
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|
|
|
Exports : |
|
|
Products : |
v
Yarn |
|
Countries : |
v
v
v
v
|
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|
|
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Terms : |
|
|
Selling : |
L/C and Advance |
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|
|
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Purchasing : |
Cash and Credit (30/ 60 days) |
GENERAL INFORMATION
|
Customers : |
Brokers |
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No. of Employees : |
Approximately 35 (In office) |
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Bankers : |
v
State Bank of India, Backbay Reclamation Branch,
Raheja Chamber, Nariman Point, Mumbai – 400 021, Maharashtra, India v
AXIS Bank v
Bank of v
Bank of Rajasthan |
|||||||||||||||||||||||||||
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Facilities : |
* All the above
loans are further secured by personal Guarantee of Shri Sanjay Shah and Shri
Nikhil Shah, both Director of the company
|
|
|
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|
Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
PKC and Associates Chartered Accountants |
|
Address : |
223, Natraj Shopping Centre, |
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Tel. No.: |
91-22- 28449591/ 28802309 |
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E-Mail: |
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|
PAN No.: |
AAGFB9902N |
CAPITAL STRUCTURE
After 30.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3740430 |
Equity Shares |
Rs.10/- each |
Rs.37.404
millions |
|
|
|
|
|
As on 31.03.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2771680 |
Equity Shares (Equity Shares of Rs.10/- each, fully paid up) |
Rs.10/- each |
Rs.27.717
millions |
|
728125 |
Equity Shares (Equity Shares of Rs.10/- each, Rs.5/- Paid Up) |
|
Rs.3.640
millions |
|
|
Total |
|
Rs.31.357 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
31.357 |
28.810 |
27.717 |
|
|
2] Share Application Money |
9.250 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
120.752 |
76.270 |
52.089 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
161.359 |
105.080 |
79.806 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
162.135 |
144.759 |
165.709 |
|
|
2] Unsecured Loans |
0.440 |
6.631 |
28.143 |
|
|
TOTAL BORROWING |
162.575 |
151.390 |
193.852 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
323.934 |
256.470 |
273.658 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
150.927 |
165.794 |
150.291 |
|
|
Capital work-in-progress |
2.949 |
0.000 |
0.513 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.687 |
0.686 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
60.096
|
36.073
|
51.311 |
|
|
Sundry Debtors |
68.239
|
55.355
|
45.676 |
|
|
Cash & Bank Balances |
4.956
|
3.939
|
2.489 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
69.598
|
22.059
|
60.284 |
|
Total
Current Assets |
202.889
|
117.426
|
159.760 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
29.730 |
22.015 |
33.273 |
|
|
Other Current Liabilities |
0.091
|
0.179
|
0.364 |
|
|
Provisions |
3.010
|
5.243
|
4.041 |
|
Total
Current Liabilities |
32.831
|
27.437
|
37.678 |
|
|
Net Current Assets |
170.058
|
89.989
|
122.082 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.086 |
|
|
|
|
|
|
|
|
TOTAL |
323.934 |
256.470 |
273.658 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
1110.036 |
1034.570 |
695.662 |
|
|
|
Other Income |
2.581 |
0.775 |
0.817 |
|
|
|
TOTAL |
1112.617 |
1035.345 |
696.479 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock |
(8.800) |
(2.673) |
(4.900) |
|
|
|
Expenses |
1113.583 |
1029.041 |
685.559 |
|
|
|
TOTAL |
1104.783 |
1026.368 |
680.659 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
7.834 |
8.977 |
15.820 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.555 |
1.202 |
2.644 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
6.279 |
7.775 |
13.176 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
28.881 |
21.106 |
7.930 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
35.160 |
28.881 |
21.106 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
50.046 |
7.775 |
0.000 |
|
|
TOTAL EARNINGS |
50.046 |
7.775 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.18 |
2.80 |
NA |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
|
|
|
|
|
The above information has been parted by Mr. Rupesh Srivastav (Export
Manager).
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
0.56 |
0.75
|
1.89 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.71 |
0.87
|
2.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.21 |
3.17
|
5.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.09
|
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.21 |
1.70
|
2.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.18 |
4.28
|
4.24 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
31.03.2008 (Rs. in millions) |
|
Sundry Creditors for Goods |
21.794 |
13.853 |
19.686 |
|
Sundry Creditors for Expenses |
7.936 |
8.162 |
8.935 |
|
Sundry Creditors for Capital Goods |
0.000 |
0.000 |
4.652 |
|
Total |
29.730 |
22.015 |
33.273 |
Performance
The company has performed satisfactorily during the year.
FORM 8:
|
Corporate
identity number of the company |
U17110MH2004PTC146840 |
|
Name of the
company |
BHUMI YARN PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
15, Kanchan Bhavan, 2nd Floor, Dadi Seth Agaiary Lane,
Kalbadevi Road, Mumbai – 400 002, Maharashtra, India E-Mail: murarkapawan@hotmail.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
80006205 |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
State Bank of India, Backbay Reclamation Branch, Raheja Chamber,
Nariman Point, Mumbai – 400 021, Maharashtra, India E-Mail: s.rane@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Deposit for Creation of Further Charge |
|
Date of
instrument Creating the charge |
06.09.2010 |
|
Amount secured by
the charge |
Rs.259.800
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Extent and
Operation of the charge: First charge |
|
Short particulars
of the property charged |
Land bearing
Survey No.221/3/1/4, Vi0.56llage Dadra, U.T. of Dadra and Nagar Haveli, admn.
1790 sq. meters with factory building Land bearing
Survey No. 278/2 admn. 2,300 sq. meters and Survey No. 278/3 admn. 3,300 sq.
meters, totally admeasuring 5,600 sq. meters in Village Dadra, Union
Territory of Dadra and Nagar Haveli. Flat No. 1005, II
wind, in |
|
Date of latest
modification prior to the present modification |
06.09.2010 |
|
Particulars of
the present modification |
Equitable
mortgage created on 02.02.2005 on immovable property of the Company and guarantors,
which was extended on 04.09.2006 to secure the enhanced credit limits of
Rs.235.300 millions, further extended to secure the enhanced credit limits of
Rs.259.800 millions. Also, equitable
mortgage created on 04.09.2006 on immovable property of the Company, extended
to secure the enhanced credit facilities of Rs.259.800 millions. |
|
Corporate
identity number of the company |
U17110MH2004PTC146840 |
|
Name of the
company |
BHUMI YARN PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
15, Kanchan Bhavan, 2nd Floor, Dadi Seth Agiary Lane,
Kalbadevi Road, Mumbai – 400 002, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Type of charge |
Hypothecation |
|
Particular of
charge holder |
State Bank of India, Backbay Reclamation Branch, Raheja Chamber,
Nariman Point, Mumbai – 400 021, Maharashtra, India E-Mail: sbi01593@sbi.co.in |
|
Amount secured by
the charge |
Rs.55.500 millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Interest: As determined by the Bank from time to time Margin: As prescribed by the Bank from time to time. |
|
Description of the
property charged indicating whether it is a charged on |
Stock in trade Shares and debentures Plant and machinery Book debts Fixed deposits Furniture and fixtures Vehicles Intangible assets |
|
Particulars of
the property charged |
All present and future goods, book-debts and all other movable assets
including documents of title to goods, outstand- ing monies, receivables,
claims, bills, invoices, documents, contracts, policies, guarantees,
engagements, securities investments and rights and present and future
machineries wherever lying, stored and kept including all such goods and
other movable assets in course of transit, shipment and delivery. |
|
Charge
identification number of the charge to be modified |
80006205 |
|
Brief description
of the instrument modifying the charge under section 135 |
Memorandum of Entry for Extension of Mortgage |
|
Date of
instrument modifying the charge |
04/09/2006 |
|
Particulars of
the present modification |
Equitable mortgage created on 02/05/2005 on fixed assets of the
Company/guarantors extended and mortgage created on additional assets of the
Company to secure enhanced limits of Rs.235.300 millions. |
TRADE REFERENCES:
v Harsh Syntex Private Limited, Bhiwandi
v Inter Trade Impex Private Limited,
FIXED ASSETS:
v Plant and Machinery
v Car
v Computer
v Electrical Cable
v
v Factory Furniture
v Land
v Land Unit 2
v Motor Bike
v
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 records 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.45.20 |
|
|
1 |
Rs.73.50 |
|
Euro |
1 |
Rs.64.76 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
29 |
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.