MIRA
INFORM REPORT
|
Report Date : |
16.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
GILL AND COMPANY PRIVATE LIMITED |
|
|
|
|
Registered Office : |
2nd Floor, N T C House, N M Marg, Ballard Estate, Mumbai
400038, |
|
|
|
|
Country : |
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|
|
|
Financials (as on) : |
31.03.2011 |
|
|
|
|
Date of Incorporation : |
26.02.1947 |
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|
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Com. Reg. No.: |
11-005589 |
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|
|
Capital Investment / Paid-up Capital : |
Rs. 9.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51491MH1947PTC005589 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMG08500C |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACG3743M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business : |
Exporters of Cotton |
|
|
|
|
No. of Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 1700000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an old and well established company having fine track.
Financial position of the company appears to be sound. Trade relations are reported
as fair. Business is active. Payments are reported to be regular and as per
commitments. The company 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.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
2nd Floor, N T C House, N M Marg, Ballard Estate, Mumbai
400038, |
|
Tel. No.: |
91-22-22615001/2/3/4 |
|
Fax No.: |
91-22-22655069/ 22620598 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Office : |
Located
At:
|
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Jayant Bhogilal Shah |
|
Designation : |
Director |
|
Address : |
15, |
|
Date of Birth/Age : |
18.11.1947 |
|
Date of Appointment : |
27.02.1990 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U51491MH1947PTC005589
|
GILL AND COMPANY
PRIVATE LIMITED |
Director |
27/02/1990 |
27/02/1990 |
- |
Active |
NO |
|
2 |
U65900MH1995PTC085226
|
GILL FINANCING
AND INVESTMENT COMPANY PRIVATE LIMITED |
Director |
03/02/1995 |
03/02/1995 |
- |
Active |
NO |
|
3 |
L36910MH1980PLC023289
|
SHANTIVIJAY
JEWELS LIMITED |
Director |
26/07/2002 |
26/07/2002 |
- |
Active |
NO |
|
4 |
U36911MH2003PLC140629
|
G JEWELCRAFT
LIMITED |
Director |
30/03/2004 |
30/03/2004 |
- |
Active |
NO |
|
5 |
U17124MH2005PTC158013
|
MEGHJI THOBHAN
EXPORT AND IMPORT COMPANY PVT LIMITED |
Director |
13/12/2005 |
13/12/2005 |
- |
Active |
NO |
|
6 |
U51494MH2008PTC182071
|
GILL SHYAM COTEX
PRIVATE LIMITED |
Director |
10/05/2008 |
10/05/2008 |
- |
Active |
NO |
|
7 |
U51494MH2008PTC182070
|
GILL SHYAM
FIBERS PRIVATE LIMITED |
Director |
10/05/2008 |
10/05/2008 |
- |
Active |
NO |
|
8 |
U01405MH2003PTC140525
|
RADHIKA GINNING AND
PRESSING PRIVATE LIMITED |
Director |
12/08/2008 |
12/08/2008 |
19/07/2011 |
Active |
NO |
|
9 |
U63090MH1965PTC013373
|
|
Director |
30/09/2009 |
29/11/2008 |
- |
Active |
NO |
|
Name : |
Mr. Mohit Dhirajlal Shah |
|
Designation : |
Director |
|
Address : |
Yazad-E-Khursheed, Ground Floor, |
|
Date of Birth/Age : |
15.09.1974 |
|
Date of Appointment : |
11.11.1996 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U63090MH1965PTC013373
|
|
Director |
12/04/1993 |
12/04/1993 |
Active |
NO |
|
2 |
U67190MH1995PTC086932
|
SAMJAS FINANCE
PRIVATE LIMITED |
Director |
26/04/1995 |
26/04/1995 |
Active |
NO |
|
3 |
U51491MH1947PTC005589
|
GILL AND COMPANY
PRIVATE LIMITED |
Director |
11/11/1996 |
11/11/1996 |
Active |
NO |
|
4 |
U67120MH1994PTC082060
|
ZEJASMERNI
INVESTMENTS PRIVATE LIMITED |
Director |
18/11/1996 |
18/11/1996 |
Active |
NO |
|
5 |
U17124MH2005PTC158013
|
MEGHJI THOBHAN EXPORT
AND IMPORT COMPANY PVT LIMITED |
Director |
13/12/2005 |
13/12/2005 |
Active |
NO |
|
6 |
U51494MH2008PTC182071
|
GILL SHYAM COTEX
PRIVATE LIMITED |
Director |
10/05/2008 |
10/05/2008 |
Active |
NO |
|
7 |
U51494MH2008PTC182070
|
GILL SHYAM
FIBERS PRIVATE LIMITED |
Director |
10/05/2008 |
10/05/2008 |
Active |
NO |
|
8 |
U65900MH1995PTC085226
|
GILL FINANCING
AND INVESTMENT COMPANY PRIVATE LIMITED |
Director |
30/09/2011 |
20/11/2010 |
Active |
NO |
|
Name : |
Mr. Rishabh Jayant Shah |
|
Designation : |
Additional Director |
|
Address : |
15, |
|
Date of Birth/Age : |
15.04.1979 |
|
Date of Appointment : |
02.12.2010 |
OTHER DIRECTORSHIP:
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Company
Status |
Defaulting
status |
|
1 |
U55201MH2006PTC166577
|
SHAKAS FOODS
PRIVATE LIMITED |
Director |
28/12/2006 |
28/12/2006 |
Active |
NO |
|
2 |
U91110MH1921NPL000940
|
COTTON
ASSOCIATION OF |
Director |
21/12/2007 |
21/12/2007 |
Active |
NO |
|
3 |
U51491MH1947PTC005589
|
GILL AND COMPANY
PRIVATE LIMITED |
Director |
30/09/2011 |
02/12/2010 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Peter Rigby |
143 |
|
William Rigby |
142 |
|
Kiran Shah |
118 |
|
Rupa Dhirajlal Shah |
1550 |
|
Rupa Dhirajlal Shah and Kiran D. Shah |
60 |
|
Mohit Dhirajlal Shah and Kiran D. Shah |
62 |
|
Kiran D. Shah and Dhirajlal V. Shah |
7 |
|
Kiran D. Shah and Rupa Dhirajlal Shah |
54 |
|
Mohit Dhirajlal Shah and Kiran D. Shah |
54 |
|
Rupa Dhirajlal Shah and Mohit Dhirajlal Shah |
61 |
|
Kiran D. Shah and Mohit Dhirajlal Shah |
37 |
|
Mohit Dhirajlal Shah |
4503 |
|
Rupa Dhirajlal Shah and Mohit Dhirajlal Shah |
37 |
|
|
10 |
|
Javerben K. Shah |
887 |
|
Krishnakumari S. Shah |
100 |
|
|
428 |
|
Jayant B. Shah and Malti J. Shah |
1132 |
|
Suresh Bhogilal Shah |
205 |
|
Laxmibai V. Shah and Dhirajlal V. Shah |
2 |
|
Suresh Bhogilal Shah and Daksha S. Shah |
61 |
|
|
1 |
|
Devika D. Jaitha and |
557 |
|
Devika D. Jaitha and Bharti S. Shah |
78 |
|
|
78 |
|
Bharti S. Shah and Devika D. Jaitha |
79 |
|
Suresh Bhogilal Shah |
6 |
|
Harish M. Shah and Usha Harish Shah |
600 |
|
Jayant B. Shah |
3396 |
|
T. Kannan |
1 |
|
Rishabh J. Shah |
1770 |
|
Julie Ramchand Masand |
96 |
|
Girdharilal Basholal Masand |
48 |
|
Shamdas bashomal Masand |
48 |
|
Bharatlal Bashomal Masand |
48 |
|
Jayakunwari M Shah / Mrs. Jyoti M Ajmera |
524 |
|
Kusum M Shah / Jaya kunwari Shah |
120 |
|
Sameer K Shah |
319 |
|
Jason K Shah |
289 |
|
Nina K Shah |
289 |
|
TOTAL
|
18000 |
AS ON 30.09.2011
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
1.58 |
|
Bodies
corporate |
2.38 |
|
Directors
or relatives of directors |
72.86 |
|
Other
top fifty shareholders |
23.18 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporters of Cotton |
GENERAL INFORMATION
|
Bankers : |
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Facilities : |
|
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. S. Jhunjhunwala and Company Chartered Accountant |
|
Address : |
306, Akruti Arcade Opposite, |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000 |
Equity Shares |
Rs. 500/- each |
Rs. 9.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000 |
Equity Shares |
Rs. 500/- each |
Rs. 9.000 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 |
9.000 |
6.000 |
6.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
437.918 |
370.098 |
334.298 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
446.918 |
376.098 |
340.298 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
260.550 |
1530.082 |
280.664 |
|
|
2] Unsecured Loans |
13.793 |
92.280 |
7.500 |
|
|
TOTAL BORROWING |
274.343 |
1622.362 |
288.164 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
721.261 |
1998.460 |
628.462 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
124.982 |
133.565 |
147.228 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
15.042 |
20.288 |
38.260 |
|
|
DEFERREX TAX ASSETS |
1.838 |
1.510 |
1.096 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
578.136
|
677.436
|
61.074 |
|
|
Sundry Debtors |
56.295
|
1004.378
|
167.679 |
|
|
Cash & Bank Balances |
38.012
|
16.531
|
29.447 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
390.578
|
510.950
|
375.804 |
|
Total
Current Assets |
1063.021
|
2209.295
|
634.004 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
59.069
|
118.758
|
2.872 |
|
|
Other Current Liabilities |
265.853
|
135.103
|
84.972 |
|
|
Provisions |
158.700
|
112.337
|
104.282 |
|
Total
Current Liabilities |
483.622
|
366.198
|
192.126 |
|
|
Net Current Assets |
579.399
|
1843.097
|
441.878 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
721.261 |
1998.460 |
628.462 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
|
|
|
Income |
NA |
9392.247 |
3851.667 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
9392.247 |
3851.667 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
123.576 |
61.541 |
12.871 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
15.446 |
16.010 |
6.808 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
108.130 |
45.531 |
6.063 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
41.021 |
8.333 |
6.517 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
67.109 |
37.198 |
(0.454) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
310.943 |
278.863 |
279.873 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
3.720 |
0.000 |
|
|
|
Dividend |
NA |
1.200 |
0.475 |
|
|
|
Tax on Dividend |
NA |
0.199 |
0.081 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
310.942 |
278.863 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Cotton Export |
NA |
7379.048 |
2883.866 |
|
|
|
FOB Value of Sugar Export |
NA |
0.000 |
76.641 |
|
|
TOTAL EARNINGS |
NA |
7379.048 |
2960.507 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
24.078 |
123.299 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3728.27 |
2066 |
(25.22) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.40
|
(0.01) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.10
|
1.94
|
0.78 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.12
|
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.69
|
5.29
|
1.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.19
|
6.03
|
3.30 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
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 |
Yes |
|
30) Major Shareholders, if available |
Yes |
YEAR UNDER PROSPECTS
The financial year
2010-11 was a year of robust growth after the global economic crisis of
2008-09. The economy is estimated to have grown by 8.6% as against 8% in
2009-10. For the first three quarters, almost all sectors recorded an
accelerated growth. During the year 2010-11, three basic issues viz. high
inflation, tight liquidity and current account deficit to GDP and its financing
dominated the Indian economy. RBI had come out with a number of monetary
measures to contain inflation. However, this resulted in slow down in almost
all the sectors. On international front also economy of U.S.A. and other
developed countries are passing through a serious position of deflation. The
demand for almost all the products has come down drastically. Economic
uncertainty has adversely effected the exports in these countries.
The Company’s
export was severally effected. The total export income for the year was
Rs.3971.115 millions as against Rs.7711.630 millions in the previous year, a
fall of 51.50%. However, the domestic sale was marginally lower at Rs.1415.872
millions as against Rs.1644.051 millions in the previous year. Due to better
margin realization on domestic front, the Company earned a higher pre-tax
profit of Rs.108.130 millions as against Rs.45.531 millions a year ago.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51491MH1947PTC005589 |
|
Name of the
company |
GILL AND COMPANY PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
2nd Floor, N T C House, N M Marg, Ballard Estate, Mumbai
400038, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Floating charge |
|
Particular of charge
holder |
ICICI Bank Limited, Landmark Race Cource Circle, Alkapuri, Baroda
390015, Gujarat, India |
|
Nature of
instrument creating charge |
Deed of Hypothecation
(WCF) |
|
Date of
instrument Creating the charge |
13.05.2011 |
|
Amount secured by
the charge |
Rs. 300.000
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As determined by the
Bank from time to time Terms of repayment On demand Margin As prescribed by
the Bank from time to time Extent and operation of the charge First charge
ranking pari passu with the Standard Chartered Bank for its limits of Rs.1000
millions, Bank of India for Rs.500 millions, Union Bank of India for Rs.670
millions and India Overseas Bank for Rs.250 millions. |
|
Short particulars
of the property charged (Including location of the property) |
All stocks of
raw-materials, goods in process, semi-finished and finished goods, consumable
stores and spares and such other movables including book-debts, receivables. |
FIXED ASSETS:
- Residential
Flat
- Office
Premises
- Furniture and
Fixture
- Equipment
- Vehicles
- Computers
- Plant and Machinery
- Electric
Installations
- Office
Renovation
- Electrical
Fitting
- Fire
Equipment
- Machinery
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.55.76 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.70.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
58 |
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.