MIRA
INFORM REPORT
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Report Date : |
27.01.2012 |
IDENTIFICATION DETAILS
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Name : |
PRABHAT DAIRY PRIVATE LIMITED |
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Registered Office : |
121/2A Post Ranjankhol Taluka Rahata, Shrirampur, Ahmednagar - 413720,
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Country : |
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Financials (as on) : |
31.03.2011 |
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Date of Incorporation : |
25.11.1998 |
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Com. Reg. No.: |
11- 013068 |
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Capital
Investment / Paid-up Capital : |
Rs.299.600 Millions |
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CIN No.: [Company
Identification No.] |
U15203PN1998PTC013068 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
The Company is engaged in the business of supply of
packaged milk, Lactose and milk (Dairy Products). |
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No. of Employees
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400 (In office 100 + In factory 300) Approximately |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (45) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2110000 |
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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 company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments terms are reported
to be usually correct and as per commitments. The company can be considered normal for business dealings under 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.
ECGC Country Risk Classification List – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
LOCATIONS
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Registered Office : |
121/2A Post Ranjankhol Taluka Rahata, Shrirampur, Ahmednagar - 413720,
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Tel. No.: |
91-2422-265816 |
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Fax No. : |
Not Available |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Sarangdhar Ramchandra Nirmal |
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Designation : |
Managing Director |
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Address : |
A/p Ranjankhol, Post Tilaknagar, Taluka Sangamner,
District Ahmednagar, |
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Date of Birth/Age : |
01.06.1956 |
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Date of Appointment : |
25.11.1998 |
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00035234 |
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Other
Directorship : |
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Name : |
Mr. Kishor Ramchandra Nirmal |
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Designation : |
Whole- Time Director |
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Address : |
A/p Ranjankhol, Post Tilaknagar, Taluka Sangamner,
District Ahmednagar, |
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Date of Birth/Age : |
01.06.1966 |
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Date of Appointment : |
29.09.2007 |
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DIN : |
00035309 |
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Other Directorship : |
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Name : |
Mr. Arvind Jagannath Nirmal |
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Designation : |
Whole- Time Director |
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Address : |
A/p Ranjankhol, Post Tilaknagar, Taluka Sangamner,
District Ahmednagar, |
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Date of Birth/Age : |
17.08.1978 |
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Date of Appointment : |
29.09.2007 |
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Din : |
00035363 |
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Other Directorship : |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
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Names Of Shareholders |
Address |
No. of Shares |
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Sarang Ramchandra Nirmal |
A/P Ranjankhol, Post Tilaknagar, Taluka Sangamner, District
Ahmednagar, |
1068925 |
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Kishor Ramchandra Nirmal |
A/P Ranjankhol, Post Tilaknagar, Taluka Sangamner, District
Ahmednagar, |
930880 |
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Arvind Jagganath R Nirmal |
A/P Ranjankhol, Post Tilaknagar, Taluka Sangamner, District
Ahmednagar, |
908850 |
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Jagganath Ramchandra Nirmal |
A/P Ranjankhol, Post Tilaknagar, Taluka Sangamner, District
Ahmednagar, |
31740 |
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Preetam Raosaheeb Nighute |
Aurangapur, Post Nimgaon Jali, Tal Sangamner, District Ahmednagar, |
100 |
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Ashok R Dhokchoule |
A/P Ranjankhol, Post- Tilaknagar, Tal. Sangamner, District Ahmednagar,
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150 |
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Balasaheb Murlidhar Bankar |
A/P Pimpalgaon Bk. Tal. Niphad, District Nashik, |
100 |
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Girish Bankar |
A/P Pimpalgaon Bk. Tal. Niphad, District Nashik, |
100 |
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Jaysing Maruthi Lahare |
A/P Wakadi, Tal. Rahata, District
Ahmednagar, |
120 |
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Rajendra Dhondiba Dhokchaule |
A/P Ranjankhol, Post Tilaknagar, Tal. Sangamner, District Ahmednagar, |
100 |
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Sampatrao Murlidhar Bankar |
A/P Pimpalgaon Bk. Tal. Niphad, District Nashik, |
690 |
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Sanjay Dhondiba Dhokchaule |
A/P Ranjankhol, Post Tilaknagar, Tal. Sangamner, District Ahmednagar, |
425 |
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Sanjay Jadhav |
Parijat Society, Pandit Colony, |
2800 |
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Madhukar Tukaram Nirmal |
A/P Nandur Bk. Post Khandala, Tal. Shrirampur, District Ahmednagar, |
720 |
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Tarachand Parasram Kadu |
A/P Pathare Bk. Tal. Rahata, District Ahmednagar, |
150 |
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Vijay Mohan Harbe |
A/P Deolali Pravra, Tal. Rahuri, District Ahmednagar, |
460 |
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Vilas Daulatrao Salunke |
Sheetal Society, |
110 |
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Kamal Jagganath Nirmal |
A/P Wakadi, Tal. Rahata, District Ahmednagar, |
6700 |
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Vijaya Sarangdhar Nirmal |
A/P Ranjankhol, Post Tilaknagar, Taluka Sangamner, District
Ahmednagar, |
23130 |
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Nisha Kishor Nirmal |
A/P Ranjankhol, Post Tilaknagar, Taluka Sangamner, District
Ahmednagar, |
13750 |
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Total |
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2990000 |
Redeemable Preference Shareholder [As on 30.09.2011]
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Names Of Shareholders |
Address |
No. of Shares |
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Mrs. Saugandhabai Dhondiram Dhokchaule Jointly With Shri. Ashok Dhondiram Dhokchaule Jointly With Shri. Suresh Dhondiba Dhokchaule |
A/P Ranjankhol, Post Tilaknagar, Taluka Rahata, District
Ahmednagar, |
580 |
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Shri Annasaheb Raghunath Dhokchaule |
Sanjay Nagar, Near Sut Girni, Shrirampur – 413 709, Ahmednagar, |
295 |
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Mrs. Urmila Balasaheb Harde Jointly With Smt. Lilawati Mohan Harde Jointly With Mrs. Shaila Vijay Harde |
Post Deolali Pravara, Taluka Rahuri, District Ahmednagar, |
900 |
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Shri. Sanjay Uttamrao Jadhav Jointly With Mrs. Smita Sanjay Jadhav |
Gat No. B-63, Market Yard, |
490 |
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Shri. Baban Yashwant Shinde Jointly With Shri. Vilas Daulatrao Salunkhe |
Ranjankhol, Post Tilaknagar, Taluka Rahata, District
Ahmednagar, |
507 |
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Shri. Bandu Ambadas Kasar Jointly With Shri Ambadas Karbhari Kasar |
Ranjankhol, Post Ganeshnagar, Taluka Rahata, District
Ahmednagar, |
525 |
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Mrs. Ratanbai Tarachand Kadu Jointly With Shri Anil Tarachand Kadu |
At Post Pathare Bk, Tal Rahata, District Ahmednagar, |
331 |
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Mrs. Seema Sachin Gaware Jointly With Mrs. Sachin Dyandeo Gaware |
Opposite |
700 |
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Mrs. Uma Rajendra Wahadane Jointly With Shri Jayraj Rajendra Vahadane |
“Ganesh” Shinde Mala, Behind Premdan, Ahmednagar, |
300 |
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Mrs. Chhaya Vilas Rohom Jointly With Mrs. Shobha Shivaji Nirmal Jointly With Mrs. Anjali Ramesh Unde |
Post Sakuri, Taluka Rahata, District Ahmednagar, |
661 |
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Mrs. Rupali Arvind Nirmal |
Post Wakadi, Taluka Rahata, District Ahmednagar, |
200 |
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Shri Raosaheb Vithoba Nighute Jointly With Mrs. Sunita Nilkanth Chandgude |
At Aurangpur, Post Nimgaon- Jali, Taluka Sangamner,
District Ahmednagar, |
511 |
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Total |
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6000 |
AS ON 30.09.2011
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Equity Share
breakup (percentage of total equity) |
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Category |
Percentage |
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Directors or relatives of directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company is engaged in the business of supply of
packaged milk, Lactose and milk (Dairy Products). |
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Products : |
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GENERAL INFORMATION
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Shashank Suvarnapathaki and Company Chartered Accountants |
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Address : |
3801, |
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PAN No.: |
AONPS9755F |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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2,990,000 |
Equity Shares |
Rs.100/- Each |
Rs.299.000 millions |
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10,000 |
Preference Shares |
Rs.100/- Each |
Rs. 1.000 million |
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Total
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Rs.300.000
millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2,990,000 |
Equity Shares |
Rs.100/- Each |
Rs.299.000 millions |
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6,000 |
2% Redeemable, Non Cumulative Preference
Shares |
Rs.100/- Each |
Rs. 0.600 million |
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Total |
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Rs.299.600 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
299.600 |
5.600 |
5.600 |
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2] Share Application Money |
11.115 |
37.500 |
0.000 |
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3] Reserves & Surplus |
218.517 |
115.099 |
80.260 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
529.232 |
158.199 |
85.860 |
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LOAN FUNDS |
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1] Secured Loans |
430.312 |
199.791 |
95.760 |
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2] Unsecured Loans |
89.458 |
135.000 |
54.014 |
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TOTAL BORROWING |
519.770 |
334.791 |
149.774 |
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DEFERRED TAX LIABILITIES |
36.500 |
22.081 |
15.951 |
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TOTAL |
1085.502 |
515.071 |
251.585 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
488.141 |
207.581 |
139.163 |
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Capital work-in-progress |
127.581 |
44.032 |
0.000 |
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INVESTMENT |
85.890 |
86.152 |
0.550 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
124.178
|
102.477
|
69.850
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Sundry Debtors |
261.407
|
129.834
|
99.766
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Cash & Bank Balances |
1.678
|
11.670
|
5.004
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Other Current Assets |
0.000
|
0.000
|
0.000
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Loans & Advances |
112.062
|
36.392
|
26.095
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Total
Current Assets |
499.325
|
280.373
|
200.715
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
86.285
|
95.108
|
70.743
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Current Liabilities |
28.117
|
7.947
|
17.404
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Provisions |
1.033
|
0.012
|
0.696
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Total
Current Liabilities |
115.435
|
103.067
|
88.843
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Net Current Assets |
383.890
|
177.306
|
111.872
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
1085.502 |
515.071 |
251.585 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
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SALES |
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Income |
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Other Income |
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TOTAL |
2871.910 |
1523.214 |
1098.260 |
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TOTAL EXPENSES |
2657.674 |
1439.387 |
1051.749 |
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PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
214.236 |
83.827 |
46.511 |
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INTEREST |
52.975 |
23.275 |
15.048 |
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PROFIT/[LOSS]
BEFORE TAX, DEPRECIATION AND AMORTISATION |
161.261 |
60.552 |
31.463 |
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DEPRECIATION/
AMORTISATION |
36.384 |
10.379 |
8.429 |
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PROFIT / [LOSS]
BEFORE TAX |
124.937 |
50.173 |
23.034 |
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TAX |
21.508 |
15.321 |
13.060 |
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PROFIT / [LOSS]
AFTER TAX |
103.429 |
34.852 |
9.974 |
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Earnings Per
Share (Rs.) |
34.52 |
696.79 |
199.24 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
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PAT / Total Income |
(%) |
3.60 |
2.29 |
0.91 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
12.65 |
10.28 |
6.78 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.32 |
0.27 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.20 |
2.77 |
2.78 |
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Current Ratio (Current Asset/Current Liability) |
|
4.32 |
2.72 |
2.26 |
LOCAL AGENCY FURTHER INFORMATION
Operating Review :
The Company is mainly engaged in the business of milk
processing and milk products. During the financial year, the performance of the
company is very good and has increased to Rs. 2871.900 millions as compared to
Rs. 1523.200 millions in the previous year. The Company recorded a net profit
after tax of Rs. 103.400 millionss as against the Rs. 34.800 millions in the
previous year.
Current Scenario:
During the current year the company shall perform in better
manner. During the year the Company has started a mission called “PRABHAT
QUALITY MISSION”. Under this mission the Company is providing education to
farmers for quality and clean milk production. The Company has established 7
bulk milk coolers in and around Shrirampur for collection of milk. The Company
through its trusts and Co-operative Societies is providing training for
empowerment of women in the field of animal husbandry, veterinary aids
education and proper hygienic upkeep of the sheds. The Company is also
providing subsidized steel collection
cans to farmers for collection of milk. As per the Companies expansion
policy, the Company has taken up its ambitious cheese project
Authorised Share
Capital:
During the year Company has increased its Authorised share capital from the existing of Rs. 250.000 millions to Rs. 300.000 millions on 11th November 2010.
Paid up share
capital:
During the year Company has increased its paid-up share
capital from the existing of Rs. 5.600 millions to Rs. 299.600 millions
Company Overview :
Prabhat Dairy Private Limited is a private limited company
engaged in the business of retail sale of various food products especially milk
and milk products including powders of various types catering to the needs of
retail trade sector.
Form 8:
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Corporate
identity number of the company |
U15203PN1998PTC013068 |
|
Name of the
company |
PRABHAT DAIRY
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
121/2A At Post
Ranjankholrahata, Ahmednagar, Shrirampur – 265500, |
|
This form is for |
Modification of
charge |
|
Charge identification (ID) number of the charge to be
modified |
80016642 |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of Email : vijaydatt.dixit@sbi.co.in |
|
Nature of
instrument creating charge |
1. Mortgage deed
for further charge for new facilities of term loan 2. Supplemental
agreement of hypothecation of goods and assets for increase in the overall
limit. Both the
documents constitute a single charge. |
|
Date of
instrument Creating the charge |
19.10.2011 |
|
Amount secured by
the charge |
Rs.638.600
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest 4% above base
rate i.e. present effective rate 14.00% p.a. with monthly rests. Terms of
repayment - Cash credit repayable
on demand. SLC for a maximum
period of 60 days at one instance. Margin raw materials -
25% stock in process
- 25% Finished goods -
25% book debts - 25% Extent and
operation of the charge The charge shall
remain opened until the repayment of full loan. |
|
Short particulars
of the property charged |
Exclusive
hypothecation on the entire current assets of the company. Lease hold rights
of the land and building situated at Gat No. 121/1, Nirmal Nagar, at Post
Ranjankhol, Taluka Rahata. District Ahmednagar. Lease hold rights of the land
and building situated at Gat No 121/2A, Nirmal Nagar, at Post Ranjankhol,
Taluka Rahata, District Ahmednagar. Lease hold rights of land and building
situated at Gat No 121/2B, Nirmal Nagar, at Post Ranjankhol, Taluka Rahata,
District Ahmednagar Lease hold rights on property at Gat No. 109/2, Nirmal
Nagar, at Post Ranjankhol, Tal Rahata, District Ahmednagar Land and Building
At Gat No. 115/3, Nirmal Nagar, at Post Ranjankhol, Taluka Rahata, District
Ahmednagar. Extension of
charge on the plant and machinery and other movable fixed assets of the
company. |
|
Particulars of
the present modification |
By this present
modification overall charge limit has been enhanced by Rs. 140.000 millions
making total credit facilities of Rs. 638.600 millions. There is enhancement
in working capital limit by Rs. 90.000 millions making total of Rs. 300.000
millions and additional stand by line of credit of Rs. 50.000 millions. Now,
the total credit limit is Rs.638.600 millions. |
|
Corporate
identity number of the company |
U15203PN1998PTC013068 |
|
Name of the
company |
PRABHAT DAIRY
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
121/2A At Post
Ranjankholrahata Ahmednagar,
Shrirampur – 265500, |
|
This form is for |
Modification of
charge |
|
Type of charge |
Book Debts Movable Property Immovable
Property |
|
Particular of
charge holder |
STATE BANK OF |
|
Nature of
instrument creating charge |
1. Mortgage Deed
For Further Charge For New Facilities of Term Loans and Cash Credit. 2. Supplemental
Agreement of Loan For Increase In The overall Limit. 3. Supplemental Agreement
of Hypothecation of Goods And Assets For Increase In overall Limit. 4.Letter
Regarding The Grant of Individual Limits Within The overall Limit. (All The
Documents Constitute A Single Charge) |
|
Date of
instrument Creating the charge |
26/02/2010 |
|
Amount secured by
the charge |
Rs.460.235
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest For cash credit
limit:- @ sbar i.e. 11.75% p.a. for term loan limit:-
0.50% above sbar (sbar is 11.75% p.a.) i.e. 12.25% p.a Terms of
repayment 1) cash credit
limit: on demand 2) term loan
limit: within 84 monthly installments commencing from January 2011. 3) letter of
credit limit: upto 12 months Margin 1) cash credit
limit - 25% 2) term loan
limit - 28.75% 3) one time
letter of credit- 28.75% Extent and
operation of the charge the charge on the
moveable and immoveable properties of the company Others type of
facilities: (Prabhat Dairy Private Limited) 1) cash credit
limit: Rs. 150.000 Millions 2) forward/
derivatives : Rs. 2.500 Millions 3) term loan
limit: Rs. 288.600 Millions total : Rs.
441.100 Millions type of
facilites: (for sister concern) 1) prabhat milk
and agro industries : Rs. 7.990 Millions 2) foodland agro
( total : Rs.
19.135 Millions Aggregate Limits:
Rs. 460.235 Millions |
|
Short particulars
of the property charged |
all that piece
and parcel of leasehold non agricultural land situated at Gut No. 121/2A at
Ranjankhol, Post Tilaknagar, Taluka Rahata, District Ahemadnagar admeasuring
area 0.39 h.r. all that piece
and parcel of leasehold non agricultural land situated at Gut No. 121/2B
(part) at Ranjankhol, Post Tilaknagar, Taluka Rahata, District Ahemadnagar
admeasuring area 0.80 h.r. all that piece
and parcel of leasehold agricultural land situated at Gut No. 109/2 at
Ranjankhol, Post Tilaknagar, Tal. Rahata, Dist. Ahemadnagar admeasuring area
1.00 h.r. all that piece
and parcel of freehold land situated at Gut No. 121/1 at Ranjankhol, Post
Tilaknagar, Tal. Shrirampur, Dist. Ahemadnagar admeasuring area 0.81 h.r. all that piece
and parcel of freehold land situated at Gut No. 115/3 at Ranjankhol, Post Tilaknagar,
Tal. Shrirampur, Dist. Ahemadnagar admeasuring area 0.20 h.r. all that moveable
property which includes raw materials, stocks-in-process, finished goods,
book debts/receivables, plant and machinery situated at above freehold and
leasehold property |
|
Particulars of
the present modification |
By way of this
modification, aggregate credit limit enhanced from Rs.168.600 Millions to
Rs.441.100 Millions And various
credit limits already sanctioned to sister concerns of the company of
Rs.19.135 Millions will remain unchanged Accordingly
aggregate limits enhanced from rs.187.735 Millions to Rs.460.235 Millions |
Fixed Assets
- Building Factory
- Building Office
- Plant and Machinery
- Computer
- Furniture and Fixture
- 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.49.96 |
|
|
1 |
Rs.77.74 |
|
Euro |
1 |
Rs.65.08 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--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.