MIRA
INFORM REPORT
|
Report Date : |
06.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAVALI SPINNERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
F–19, Industries Estate, Tetali Tanuku West, Godavari District –
534218, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
13.05.2005 |
|
|
|
|
Com. Reg. No.: |
01-046237 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 461.075
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18100AP2005PTC046237 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
VPNR00877C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR0675A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Cotton Yarn |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 3410000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory
track. The latest financial is missing from government department. However, the financial position of the company seem to be strong. Performance
capacity in the year 2010-2011 seem to be high. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit : (CRISIL) BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding
timely servicing of financial obligation. It carry moderate credit risk. |
|
Date |
May 2012 |
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
31-03-2012.
LOCATIONS
|
Registered Office : |
F–19, Industries Estate, Tetali Tanuku West Godavari District –
534218, Andhra Pradesh, India |
|
Tel. No.: |
91-8819-226055/ 224005/ 225005 |
|
Fax No.: |
91-8819-224112 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 21.09.2012
|
Name : |
Mr. Vanka Ravindra Nath |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
23-7-11, Park Street, Tanuku, West Godavari – 534211, Andhra Pradesh,
India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
28.12.1961 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.05.2005 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00480295 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship: |
|
||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mrs. Vanka Raja Kumari |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
23-79/8, Park Street, Sajjapuram, Tanuku, West Godavari – 534211,
Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
05.06.1965 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
20.05.2005 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00480392 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship: |
|
||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Srinivasa Rao Dokku |
||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||||||
|
Address : |
404, Annapurna Apartment, Near Ramakrishna Matham, Tanuku, West
Godavari – 534211, Andhra Pradesh, India |
||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.11.1964 |
||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
15.09.2008 |
||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
02073226 |
||||||||||||||||||||||||||||||||||||||||
|
Other Directorship: |
|
||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Vanka Ravindra Nath |
|
55000 |
|
Vanka Raja Kumari |
|
55000 |
|
R.K. Hair Products Private Limited |
|
42931050 |
|
Indian Hair Industries Private Limited |
|
3066450 |
|
Total |
|
46107500 |
AS ON 21.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
99.76 |
|
Directors
or relatives of directors |
|
0.24 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cotton Yarn |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Spindles |
Kgs |
100000 |
59130 |
5,444,522 |
|
|
|
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
State Bank of
India, Tanuku Branch, Tanuku – 534211, Andhra Pradesh, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
K. Surya Rao Chartered Accountant |
|
Address : |
# 25-12-44 and 45,
Asma Gate, Godeyvari Street, Visakhapatnam – 530001, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AFAPK6060P |
|
|
|
|
Companies where
key personnel are interested : |
Ø
Indian Hair Industries Private Limited Ø
RK Hair Products Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 475.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
46,107,500 |
Equity Shares |
Rs.10/- each |
Rs. 461.075
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
461.075 |
450.000 |
359.000 |
|
|
2] Share Application Money |
0.000 |
106.100 |
86.593 |
|
|
3] Reserves & Surplus |
393.595 |
69.466 |
5.606 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
854.670 |
625.566 |
451.199 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
1410.399 |
480.247 |
364.345 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1410.399 |
480.247 |
364.345 |
|
|
DEFERRED TAX LIABILITIES |
45.105 |
20.736 |
8.206 |
|
|
|
|
|
|
|
|
TOTAL |
2310.174 |
1126.549 |
823.750 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1203.358 |
675.655 |
719.862 |
|
|
Capital work-in-progress |
104.086 |
92.198 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.200 |
0.200 |
0.200 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
748.722
|
206.411 |
130.160 |
|
|
Sundry Debtors |
114.135
|
63.018 |
49.022 |
|
|
Cash & Bank Balances |
27.342
|
58.148 |
139.200 |
|
|
Other Current Assets |
151.288
|
67.863 |
50.531 |
|
|
Loans & Advances |
7.159
|
2.681 |
26.134 |
|
Total
Current Assets |
1048.646
|
398.121 |
395.047 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.329
|
0.227 |
268.100 |
|
|
Other Current Liabilities |
47.072
|
37.245 |
25.493 |
|
|
Provisions |
0.000
|
4.518 |
1.211 |
|
Total
Current Liabilities |
47.401
|
41.990 |
294.804 |
|
|
Net Current Assets |
1001.245
|
356.131 |
100.243 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.285 |
2.365 |
3.445 |
|
|
|
|
|
|
|
|
TOTAL |
2310.174 |
1126.549 |
823.750 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1245.291 |
|
|
|
|
|
Other Income |
8.786 |
3.585 |
|
|
|
|
TOTAL |
1254.077 |
768.007 |
404.285 |
|
|
|
|
|
|
|
|
Less |
|
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
961.684 |
569.110 |
338.519 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
292.393 |
198.897 |
65.766 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
122.294 |
108.620 |
34.033 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
170.099 |
90.277 |
31.733 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
58.384 |
26.410 |
9.140 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
111.715 |
63.867 |
22.593 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.42 |
1.42 |
0.63 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.91 |
8.32 |
5.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
13.66 |
11.81 |
N.A. |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.55 |
8.41 |
2.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.14 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.71 |
0.83 |
1.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
22.12 |
9.48 |
1.34 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U18100AP2005PTC046237 |
|
Name of the
company |
RAVALI SPINNERS
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
F–19, Industries Estate, Tetali Tanuku West, Godavari District –
534218, Andhra Pradesh, India Email: vanka@vsnl.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10009802 |
|
Type of charge |
Immovable
Property Book Debts Movable Property Floating Charge |
|
Particular of
charge holder |
State Bank of
India, Tanuku Branch, Tanuku – 534211, Andhra Pradesh, India Email: sbi.00925@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
1) Supplemental
Agreement of Loan for increase in the Overall Limit ( Form C.1-A) 2) Supplemental
Agreement of Hypothecation of Goods and Assets for increase in the Overall
Limit ( Form C.2-A) 3) Letter regarding
the Grant of Individual Limits within the Overall Limit ( Form C.5) 4) Memorandum for
recording extension of Mortgage by deposit of title Deed covering enhanced
limits (SME-7) |
|
Date of
instrument Creating the charge |
31.03.2011 |
|
Amount secured by
the charge |
Rs. 1682.700
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest For Cash Credit
(Hyp): 3.25% above Base Rate, presently 11.50% p.a. For WCDL (WHR): 2.25%
above Base Rate, presently 10.50% p.a. For Term
Loan-I,II,III & IV: 3.75% above Base Rate, presently 12% p.a. Terms of Repayment Working Capital
shall be repayable on demand and there is no change repayment schedules of
Term Loans Margin Raw Materials:
25%, Stocks-in-process: 25%, Finished Goods:20%, Receivables: 40% cover
period 60 days Bank Guarantee:
10%, Letter of Credit: 25%, WCDL (WHR): 30% Extent and Operation of the charge It is a
continuous charge until repayment of entire dues. Others Nature of
Facilities: Cash Credit (Hyp) Facility of Rs.600.000 Millions with a
sub-limit of CC (EPC) of Rs.50.000 Millions and WCDL (WHR) Limit of
Rs.200.000 Millions, Term Loan-I of
Rs.181.000 Millions; Term Loan-II of Rs.250.000 Millions, Term Loan-III
of Rs.425.000 Millions, Term Loan-IV of Rs.115.000 Millions, Letter of Credit Limit of Rs.30.000
Millions, Bank Guarantee Limit of Rs.28.300 Millions, Foward Contract Limit
of Rs.3.400 Millions and Stand By Line of Credit of Rs.50.000 Millions |
|
Short particulars
of the property charged |
Hypothecation of
Plant & Machinery, Current Assets and Book debts & Receivables of the
Company both present and future. Equitable
Mortgage of land admeasuring 10.85 Acres in S. No. 5/2 to 5,6B,8E, 6/2 to 6,
23/1 to 15 etc, situated at
Khandavalli, Peravali Mandal, West Godavari Dist together with constructions thereon Equitable
Mortgage of land admeasuring 3.47 1/2
Acres in S.No.6/6,7, 22/1 to 8,23/7,8,9,15 situated at Khandavalli, Peravali Mandal,
West Godavari Dist together with
constructions thereon. Equitable
Mortgage of land admeasuring 2.91 Acres in S.No.5/1B,2,3,6B, 6/1,2,3,6
situated at Khandavalli, Peravali Mandal, West Godavari Dist together
with constructions thereon. |
|
Date of latest
modification prior to the present modification |
21.04.2010 |
|
Particulars of
the present modification |
The existing
Credit Facilities of Rs.1175.200 Millions has been enhanced to Rs.1687.200
Millions consisting of Cash Credit (Hyp) of Rs. 600.000 Millions with a sub-limit
of CC(EPC) of Rs.50.000 Millions and WCDL(WHR) of Rs.200.000 Millions, Term
Loan-I of Rs.181.000 Millions, Term Loan-II of Rs.250.000 Millions, Term
Loan-III of Rs.425.000 Millions, Term Loan-IV of Rs.115.000 Millions, LC of Rs.30.000 Millions, BG of Rs.28.300
Millions, Forward Contract Limit of Rs.3.400 Millions and SLC Limit of
Rs.50.000 Millions . All the existing securities be and are hereby extended
to enhanced limits also. |
FIXED ASSETS:
Ø
Land and Site Development
Ø
Buildings
Ø
Non-Factory Buildings
Ø
Plant and Machinery
Ø
Office Equipments and
Others
Ø
Computers
Ø
Vehicles
Ø
Furniture and Fixtures
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. 54.57 |
|
|
1 |
Rs. 87.90 |
|
Euro |
1 |
Rs. 71.53 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
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 |
|
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.