|
Report Date : |
26.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
BRIJ FABRICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
160-D, Oshiwara Industrial
Centre, Opposite Goregaon Bus Depot, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
16.07.1982 |
|
|
|
|
Com. Reg. No.: |
11-027813 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.7.500
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51311MH1982PTC027813 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB12739G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB1487B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of H.D.P.E. / P.P. Woven Sacks. |
|
|
|
|
No. of Employees
: |
250 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 41000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The company has
incurred some losses in the current year. However, trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealings with some
cautions. |
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 (GENERAL DETAILS)
|
Name : |
Mr. Prakash |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-28785327 |
|
Date : |
25.05.2012 |
LOCATIONS
|
Registered Office : |
160-D, Oshiwara
Industrial Centre, Opposite Goregaon Bus Depot, |
|
Tel. No.: |
91-22-28785327/ 28787044/ 66969456/ 28792402/ 32422729 |
|
Fax No.: |
91-22-28785328 |
|
E-Mail : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Plot No.653/1 (47) A-1 and 2, Somnath Industrial Co-Operative Society
Limited, Dabhel, Daman – 396 215, U.T. of Daman and |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Sanjay Kumar Meghraj |
|
Designation : |
Director |
|
Address : |
707-709,
Samartha Aangan-II, Lohkandwala Complex, Andheri (West), Mumbai – 400 053, |
|
Date of Birth/Age : |
21.12.1963 |
|
Date of Appointment : |
02.05.1984 |
|
DIN No.: |
00381646 |
|
|
|
|
Name : |
Mr. Sandeep Kumar Meghraj |
|
Designation : |
Director |
|
Address : |
5B, |
|
Date of Birth/Age : |
26.07.1961 |
|
Date of Appointment : |
20.09.2001 |
|
DIN No.: |
00411520 |
|
|
|
|
Name : |
Mr. Sunit Kumar Shiv Shankar |
|
Designation : |
Director |
|
Address : |
302-A, Karan,
Opposite Yari Road, Versova, Andheri (West), Mumbai – 400 061, |
|
Date of Birth/Age : |
06.07.1970 |
|
Date of Appointment : |
21.07.1991 |
|
DIN No.: |
01052713 |
|
|
|
|
Name : |
Ms. Anita Banka |
|
Designation : |
Director |
|
Address : |
5B, |
|
Date of Birth/Age : |
28.12.1968 |
|
Date of Appointment : |
20.08.2007 |
|
DIN No.: |
01721751 |
|
|
|
|
Name : |
Mr. Sunil Kumar Shiv Shankar |
|
Designation : |
Director |
|
Address : |
Flat No.501, |
|
Date of Birth/Age : |
24.06.1973 |
|
Date of Appointment : |
20.08.2007 |
|
DIN No.: |
01724039 |
KEY EXECUTIVES
|
Name : |
Mr. Prakash |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Praveen Jain and Associates |
|
Designation : |
Company Secretaries |
|
Address : |
Plot No.97, Sai Darshan, Ground Floor, Road No.8, Daulat Nagar,
Borivali (East), Mumbai – 400 066, |
|
Tel. No.: |
91-22-28945839 |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Kumar |
|
79341 |
|
Shivshankar Banka HUF |
|
62205 |
|
Binod Kumar |
|
36690 |
|
Sandeep Kumar |
|
5300 |
|
Binod Kumar |
|
11810 |
|
Satish Kumar Banka |
|
30520 |
|
Hiralal Banka and Sons |
|
48975 |
|
Meghraj Banka and Sons |
|
27000 |
|
Ratni Devi B. |
|
5300 |
|
Sunit Kumar |
|
17560 |
|
Tarachand Banka |
|
35570 |
|
Rahul Banka |
|
10000 |
|
Sunil Kumar |
|
84181 |
|
Richa Banka |
|
2000 |
|
Surangi Banka |
|
4083 |
|
Saloni Banka |
|
4000 |
|
Sahil Banka |
|
6000 |
|
Varsha Banka |
|
20000 |
|
Mangaturam Agarwal |
|
30000 |
|
Sandeep Kumar |
|
110500 |
|
Raj Kumari Banka |
|
38465 |
|
Gita Devi |
|
17700 |
|
Shivshankar Banka |
|
62800 |
|
Total |
|
750000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
85.87 |
|
Other
top fifty shareholders |
|
14.13 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of H.D.P.E. / P.P. Woven Sacks. |
|
|
|
|
Products : |
HDPE Woven Bags/ Fabrics |
|
|
|
|
Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
v
v
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
2010-11 |
|
A. Product Manufactured |
HDPE/ PP Woven
Bags/Fabrics |
|
B. Licensed Capacity |
N.A. |
|
C. Installed Capacity |
3600 M. Tonnes |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
250 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
v Bank of v Bank of v Bank of v HDFC Bank v ICICI Bank v Kotak Mahindra
Bank |
||||||||||||||||||||||||||||||||||||||||||
|
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|
||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Vijay Rungta and Company Chartered Accountants |
|
Address : |
4/88, Nityanand Nagar, S.N. Marg, Opposite Railway Station, Andheri
(East), Mumbai – 400 069, |
|
Tel. No.: |
91-22-26836687 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFV0164A |
CAPITAL STRUCTURE
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
800000 |
Equity Shares |
Rs.10/- each |
Rs.8.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500
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 |
7.500 |
7.500 |
7.500 |
|
|
2] Share Application Money |
2.000 |
1.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.640 |
6.166 |
5.048 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
10.140 |
14.666 |
12.548 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
33.504 |
39.171 |
39.758 |
|
|
2] Unsecured Loans |
40.843 |
34.278 |
30.883 |
|
|
TOTAL BORROWING |
74.347 |
73.449 |
70.641 |
|
|
DEFERRED TAX LIABILITIES |
0.104 |
3.845 |
3.519 |
|
|
|
|
|
|
|
|
TOTAL |
84.591 |
91.960 |
86.708 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
37.553 |
40.658 |
37.142 |
|
|
Capital work-in-progress |
1.897 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
4.104 |
5.041 |
3.941 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
37.960
|
35.577 |
36.287 |
|
|
Sundry Debtors |
19.718
|
18.025 |
12.686 |
|
|
Cash & Bank Balances |
2.418
|
3.759 |
4.214 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
16.235
|
26.256 |
18.130 |
|
Total
Current Assets |
76.331
|
83.617 |
71.317 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
34.171
|
36.233 |
24.819 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
1.123
|
1.123 |
0.873 |
|
Total
Current Liabilities |
35.294
|
37.356 |
25.692 |
|
|
Net Current Assets |
41.037
|
46.261 |
45.625 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
84.591 |
91.960 |
86.708 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Services |
315.931 |
307.929 |
341.106 |
|
|
|
Other Income |
2.619 |
3.755 |
0.194 |
|
|
|
TOTAL (A) |
318.550 |
311.684 |
341.300 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/ Decrease in Stock |
(2.557) |
4.014 |
(6.732) |
|
|
|
Raw Materials Consumed |
259.437 |
244.548 |
274.877 |
|
|
|
Manufacturing Expenses |
45.082 |
36.918 |
39.141 |
|
|
|
Employees Cost & Expenses |
10.067 |
8.762 |
9.434 |
|
|
|
Administration and Other Expenses |
4.749 |
5.719 |
8.745 |
|
|
|
TOTAL (B) |
316.778 |
299.961 |
325.465 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.772 |
11.723 |
15.835 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.571 |
7.082 |
7.891 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(5.799) |
4.641 |
7.944 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
3.468 |
3.173 |
2.877 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(9.267) |
1.468 |
5.067 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(3.741) |
0.350 |
2.457 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX (G-H) (I) |
(5.526) |
1.118 |
2.610 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.433 |
3.315 |
0.705 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(1.093) |
4.433 |
3.315 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
19.195 |
13.578 |
4.475 |
|
|
TOTAL IMPORTS |
19.195 |
13.578 |
4.475 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(7.37) |
1.32 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
(1.73)
|
0.36 |
0.76 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(2.93)
|
0.48 |
1.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.14)
|
1.18 |
4.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.91)
|
0.10 |
0.40 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
10.81
|
7.56 |
7.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.16
|
2.24 |
2.78 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2011 (Rs. in millions) |
31.03.2010 (Rs. in millions) |
31.03.2009 (Rs. in millions) |
|
Sundry Creditors |
|
|
|
|
- For Goods |
27.687 |
32.093 |
17.705 |
|
- For Expenses
and Others |
6.484 |
4.140 |
7.114 |
|
Total |
34.171 |
36.233 |
24.819 |
|
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 |
Yes |
|
9) Name of person
contacted |
Yes |
|
10) Designation
of contact person |
Yes |
|
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 |
No |
|
17) Major
suppliers |
No |
|
18) Major
customers |
No |
|
19) Payments
terms |
Yes |
|
20) Export / Import
details (if applicable) |
Yes |
|
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 |
CONTINGENT LIABILITIES
NOT PROVIDED FOR:
|
Particulars |
31.03.2011 (Rs.
in millions) |
|
a) Import Letter of Credit |
0.000 |
|
b) Bank Guarantee |
5.980 |
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U51311MH1982PTC027813 |
|
Name of the
company |
BRIJ FABRICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
160-D, Oshiwara
Industrial Centre, Opposite Goregaon Bus Depot, E-Mail: brijfab@vsnl.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90225546 |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
Particular of
charge holder |
Bank of |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental deed
of hypothecation. |
|
Date of
instrument Creating the charge |
12.03.2010 |
|
Amount secured by
the charge |
Rs.46.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 1) CC ( Terms of
Repayment: On Demand. Margin: As notified by
bank from time to time. Extent and
Operation of the charge and Others: Security and
charge hereby created shall be by way of first charge on all the said
hypothecated assets for due payment as provided in the deed of all monies
including the principal sums, interest/commission costs charges and expenses
and all other monies whatsoever due owing and payable by the Borrower to the
Bank under or in respect of or in connection with or in any wise concerning
or relating to the said facilities agreed to be granted and/or granted by the
Bank to the borrower and also for due repayment of all present & future
indebtedness and liabilities of the borrower to the Bank of any kind in any
manner whether solely or jointly primary or collateral accrued or accruing
with all relative interest/commission, charges, costs, and expenses. Revised
Facilities and Limits: (A) Borrowal: (1) CC (Stocks) Rs.30.000 millions, 2)
CC (BDs) Rs.20.000 millions, Maximum (1 and 2) Rs.30.000 millions, (B) Non
Borrowal 3) LC Rs.6.000 millions 4) Inland Guarantee Rs.16.000 millions Sub
Total (B) Rs.16.000
millions Total (A+B) Rs.46.000 millions. |
|
Short particulars
of the property charged |
a) All tangible
movable machineries and plant, both present and future, b) All tangible movable
properties and assets of whatsoever nature of the Borrower both present and
future wheresoever situate at Dabhel, Daman (U.T) or elsewhere. c) All present
and future book debts, outstanding, money receivables, claims, bills which
are now due and owing which may any time hereafter during the continuance of
this security become due and owing to the Borrower. |
|
Date of latest
modification prior to the present modification |
14.10.2008 |
|
Particulars of
the present modification |
The principal amount
of charge on the hypothecated assets is increased from Rs.40.000 millions to
Rs.46.000 millions. Revised Facilities and Limits: (A) Borrowal: (1) CC
(Stocks) Rs.30.000 millions, 2) CC (BDs) Rs.20.000 millions, Maximum (1 and
2) Rs.30.000 millions, (B) Non Borrowal 3) LC Rs.6.000 millions 4) Inland
Guarantee Rs.16.000 millions Sub Total (B) Rs.16.000 millions Total (A+B)
Rs.46.000 millions. |
FIXED ASSETS:
v
Land (
v
Building (
v
Flat at Andheri
v
Furniture and Fixture
v
Plant and Machinery
v
Office Equipment
v
Computer
v
Motor Car
v
Vehicles
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.55.73 |
|
|
1 |
Rs.87.26 |
|
Euro |
1 |
Rs.69.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
30 |
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.