MIRA
INFORM REPORT
|
Report Date : |
07.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
B D INDUSTRIES |
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Registered
Office : |
5 Raj Rajeshwari Road, Opposite Naval Stores, Main Gate No.1, LBS
Marg, Mumbai – 400086, Maharashtra |
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
20.10.1995 |
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Capital Investment : |
Rs. 1.412 Million |
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IEC No.: |
0301031878 |
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PAN No.: [Permanent
Account No.] |
AADFB8578M |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer, Trader and Importer of Industrial Plastic Products, Fuel
Tank, Road Safety Equipment. |
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No. of Employees
: |
30 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 5000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established partnership concern having satisfactory
track. Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. The concern 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.
INFORMATION PARTED BY
|
Name : |
Mr. Vadraj |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-25154240 |
|
Date : |
06.09.2011 |
LOCATIONS
|
Registered Office : |
5, Raj Rajeshwari Road, Opposite Naval Stores, Main Gate No.1, LBS Marg,
Mumbai – 400086, Maharashtra, India |
|
Tel. No.: |
91-22-25154240/ 25094238 |
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Fax No.: |
91-22-25154239 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory : |
11-A, Kurla Industrial Estate, |
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Tel. No.: |
91-22-25154240/ 25106412 |
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Fax No.: |
91-22-25154239 |
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E-Mail : |
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Location : |
Owned |
PARTNERS
|
Name : |
Mr. Dalbir Pal Saini |
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Designation : |
Partner |
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Name : |
Mrs. Arti Pal Saini |
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Designation : |
Partner |
KEY EXECUTIVES
|
Name : |
Mr. Vadraj |
|
Designation : |
Accounts Department |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Trader and Importer of Industrial Plastic Products, Fuel
Tank, Road Safety Equipment. |
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Products : |
·
Plastic Containers ·
Water Chemicals ·
Storage Tank ·
·
Insulation Boxes ·
Other Plastic Articles |
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Importers : |
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Products : |
·
LLDPE Power for Home Consumption |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2009)
|
Particulars |
Unit |
Actual
Production |
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Plastic Water Tanks/ chemical Tanks |
Tons. |
150.00 |
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|
Tons. |
108.00 |
|
Drum/ Barrel |
Tons. |
84.00 |
|
Plastic Pallets |
Tons. |
630.00 |
|
Milk Cans |
Tons. |
144.00 |
|
Ciiannelisor |
Tons. |
96.00 |
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Processing Container Trolleys |
Tons. |
630.00 |
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Metal Crash Barriers |
Tons. |
240.00 |
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Crates |
Tons. |
72.00 |
|
Barriers / Fence |
Tons. |
162.00 |
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Garbage Bins |
Tons. |
180.00 |
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Ghamelas |
Tons. |
144.00 |
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Hand Barrows |
Tons. |
210.00 |
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Traffic Fence |
Tons. |
360.00 |
|
Sign Boards |
Tons. |
36.00 |
|
Road Kerb Block |
Tons. |
72.00 |
|
Portable Barricades |
Tons. |
540.00 |
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Wash Basine |
Tons. |
120.00 |
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Traffic Barriers |
Tons. |
504.00 |
|
Buckets |
Tons. |
144.00 |
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Insulated Containers/ ICE Box |
Tons. |
108.00 |
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Light Barriers |
Tons. |
336.00 |
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Display Stands |
Tons. |
90.00 |
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Bus Shelters |
Tons. |
480.00 |
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Lamp Globes |
Tons. |
180.00 |
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Floats/ Boats |
Tons. |
144.00 |
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Wheel Barrows |
Tons. |
216.00 |
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Plastic Containers |
Tons. |
300.00 |
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Other customer Products – Such as Fuel Furl Tanks, Pallets and Other
Plastic Articles |
Tons. |
480.00 |
|
Panel Partition |
Tons. |
240.00 |
GENERAL INFORMATION
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Customers : |
·
Retailers ·
End Users |
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No. of Employees : |
30 (approximately) |
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Bankers : |
·
State Bank of India - SIB Ghatkopar (West) Hotel Airways
Building, Ghatkopar (West), Mumbai – 400086, Maharashtra, India ·
Corporation Bank ·
Union Bank of ·
Bharat C-op Bank Limited |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Shankar and Kishors Chartered Accountant |
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Address : |
B- 702, |
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Tel. No.: |
91-22-28478833 |
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Fax No.: |
91-22-28478844 |
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Associates/Subsidiaries : |
·
Toyo Containers Sanaswadi, Pune, (Manufacturer of Fuel Tank, and Other Products for Automobiles) |
CAPITAL STRUCTURE
As On 31.03.2011
|
Capital Investment : |
|
|
Owned : |
Rs. 1.412 Million |
|
Borrowed : |
-- |
|
Total : |
Rs. 1.412 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
31.03.2011 |
31.03.2010 |
|
Sales Turnover (approximately) |
|
60.000 |
54.800 |
|
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|
The above information has been parted by Mr. Vadraj (Accounts
Department)
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry Records.
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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|
SHAREHOLDERS FUNDS |
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1] Share Capital |
8.154 |
7.670 |
6.929 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
0.009 |
0.009 |
0.009 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
8.163 |
7.679 |
6.938 |
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|
LOAN FUNDS |
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|
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|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
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2] Unsecured Loans |
3.017 |
2.767 |
2.769 |
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TOTAL BORROWING |
3.017 |
2.767 |
2.769 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
11.180 |
10.446 |
9.707 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
2.260 |
4.404 |
2.365 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.050 |
0.050 |
0.050 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
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|
Inventories |
4.988
|
5.795 |
2.603 |
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|
Sundry Debtors |
16.132
|
5.736 |
5.973 |
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|
Cash & Bank Balances |
0.529
|
0.584 |
0.700 |
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Other Current Assets |
3.949
|
1.947 |
4.882 |
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Loans & Advances |
2.447
|
1.742 |
0.333 |
|
Total
Current Assets |
28.045
|
15.804 |
14.491 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
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Other Current Liabilities |
18.431
|
9.221 |
5.821 |
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|
Provisions |
0.744
|
0.591 |
1.378 |
|
Total
Current Liabilities |
19.175
|
9.812 |
7.199 |
|
|
Net Current Assets |
8.870
|
5.992 |
7.292 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
11.180 |
10.446 |
9.707 |
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PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
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SALES |
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Income |
36.373 |
25.305 |
39.141 |
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Other Income |
0.294 |
0.197 |
0.066 |
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TOTAL (A) |
36.667 |
25.502 |
39.207 |
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Less |
EXPENSES |
|
|
|
|
|
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Manufacturing Expenses |
28.245 |
18.357 |
30.435 |
|
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Office and Administrative Expenses |
6.647 |
5.366 |
6.390 |
|
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TOTAL (B) |
34.892 |
23.723 |
36.825 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.775 |
1.779 |
2.382 |
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|
Less |
FINANCIAL
EXPENSES (D) |
0.000 |
0.000 |
0.000 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.775 |
0.1779 |
2.382 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.460 |
0.566 |
0.644 |
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PROFIT BEFORE
TAX (E-F) (G) |
1.315 |
1.213 |
1.738 |
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Less |
TAX (I) |
0.000 |
0.000 |
0.000 |
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PROFIT AFTER TAX
(G-I) (J) |
1.315 |
1.213 |
1.738 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
3.59
|
4.76 |
4.43 |
|
|
|
|
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
3.62
|
4.79 |
4.44 |
|
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|
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.34
|
6.00 |
10.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.16 |
0.25 |
|
|
|
|
|
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|
Debt Equity Ratio (Total Liability/Networth) |
|
2.72
|
1.64 |
1.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.46
|
1.61 |
2.01 |
LOCAL AGENCY FURTHER INFORMATION
The Details of Sundry Creditors is not available
FIXED ASSETS:
·
Electrical Fittings
·
Factory Gala
·
Furniture
·
Office Premises
·
Tools and Equipment
·
Air Condition
·
Machinery
·
Machinery Equipment
·
Motor Vehicles
·
Moulds and Dies
·
Computers
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. 46.02 |
|
|
1 |
Rs. 73.61 |
|
Euro |
1 |
Rs. 64.78 |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
TOTAL |
|
45 |
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.