MIRA
INFORM REPORT
|
Report Date : |
01.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
KOTHARI AGRITECH PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
KOTHARI INDUSTRIES |
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|
|
Registered
Office : |
“ |
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|
Country : |
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|
|
Financials (as
on) : |
31.03.2011 |
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|
|
|
Date of
Incorporation : |
01.12.2009 |
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Com. Reg. No.: |
25-135094 |
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Capital
Investment / Paid-up Capital : |
Rs. 50.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25203PN2009PTC135094 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK09201D |
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|
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PAN No.: [Permanent Account No.] |
AADCK8017H |
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|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Pipes like PVC Pipes and Fittings, SWK Pipes and
Fittings. |
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|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 580000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject was established as a partnership firm in 1996 as Kothari
Industries and during 2009 it converted into a private limited. It is having moderate track. There appears huge external borrowings
recorded by the company. It is susceptible to adverse changes in the
government policies on micro irrigation. However, it has recorded an impressive growth in its income from
operations during 2011. 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 great
cautions. |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
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 |
Long-term rating : B+ |
|
Rating Explanation |
High risk of default. |
|
Date |
October 05, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
October 05, 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.
INFORMATION PARTED BY
|
Name : |
Mr. Nama |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-217-2721490 |
|
Date : |
01.11.2012 |
LOCATIONS
|
Registered/ Admin/ Corporate Office : |
“Sun Plaza” 8516/11, 3rd Floor, Murarji Peth, Subhash
Chowk, Solapur – 413001, Maharashtra, India |
|
Tel. No.: |
91-217-2721490 |
|
Fax No.: |
91-217-2721498 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
|
|
|
|
|
Factory : |
Plot No. 185-193, Chandramauli Industrial Co-operative Estate, Mohol,
Solapur – 413213, Maharashtra, India |
|
Tel. No.: |
91-2189-232298 / 232498 |
|
Fax No.: |
91-2189-232591 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Ujwal Shivlal Kothari |
|
Designation : |
Chairman and Managing Director |
|
Address : |
C-Narshi Roadways, Samrat Chowk, Solapur – 413 002, Maharashtra, India
|
|
Date of Birth/Age : |
25.12.1960 |
|
Qualification : |
B.Com |
|
Experience : |
25 Years |
|
Date of Appointment : |
01.12.2009 |
|
PAN No.: |
ABNPK3434A |
|
DIN No.: |
00423813 |
|
|
|
|
Name : |
Mr. Kiran Shivlal Kothari |
|
Designation : |
Director |
|
Address : |
Nagane Deshmukh Apartments, Bhudhwar Peth, Samrat Chowk, Solapur –
413002, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1956 |
|
Qualification : |
B.Sc. (Agriculture) |
|
Experience : |
25 Years |
|
Date of Appointment : |
01.12.2009 |
|
PAN No.: |
ABNPK3433H |
|
DIN No.: |
00423658 |
|
|
|
|
Name : |
Mr. Arvind Shivlal Kothari |
|
Designation : |
Director |
|
Address : |
Jupitor Apartments, S. No. 8338/A/2/2/2, Railway Lines, Solapur –
413001, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1958 |
|
Qualification : |
B.Sc. |
|
Experience : |
25 Years |
|
Date of Appointment : |
01.12.2009 |
|
PAN No.: |
ABGPK7158Q |
|
DIN No.: |
00423735 |
|
|
|
|
Name : |
Mr. Amol Shantikumar Paliya |
|
Designation : |
Additional director |
|
Address : |
At Post Ahergaon, Taluka Madha, District Solapur – 413 209,
Maharashtra, India |
|
Date of Birth/Age : |
27.03.1978 |
|
Date of Appointment : |
01.02.2011 |
|
PAN No.: |
AIGPP7461E |
|
DIN No.: |
01483162 |
KEY EXECUTIVES
|
Name : |
Mr. Nama |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Kiran Shivlal Kothari |
|
1000000 |
|
Ujwal Shivlal Kothari |
|
500000 |
|
Arvind Shivlal Kothari |
|
500000 |
|
Amol Shantikumar Paliya |
|
500000 |
|
Pushkaraj Kiran Kothari |
|
500000 |
|
Ashish Arvind Kothari |
|
500000 |
|
Akshay Arvind Kothari |
|
500000 |
|
Sourabh Ujwal Kothari |
|
500000 |
|
Gourav Ujwal Kothari |
|
500000 |
|
Total |
|
5000000 |
AS ON 31.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Kiran Shivlal Kothari |
|
400000 |
|
Ujwal Shivlal Kothari |
|
200000 |
|
Arvind Shivlal Kothari |
|
200000 |
|
Amol Shantikumar Paliya |
|
200000 |
|
Pushkaraj Kiran Kothari |
|
200000 |
|
Ashish Arvind Kothari |
|
200000 |
|
Akshay Arvind Kothari |
|
200000 |
|
Sourabh Ujwal Kothari |
|
200000 |
|
Gourav Ujwal Kothari |
|
200000 |
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Total |
|
2000000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pipes like PVC Pipes and Fittings, SWK Pipes and
Fittings. |
|
|
|
|
Products : |
Ř Drip Irrigation
System Ř Mini Sprinkler Ř Jets and Foggers Ř Filters Ř Poly Fittings Ř Plastic
Sprinklers and Pop Ups Ř Rain-guns Ř Sprinkler
Irrigation System Ř Rigid u PVC Pipes
Ř PVC Rubber Ring
Joint Pipe Ř Fabricated
Fittings Ř PVC Agriculture
Moulded Fittings Ř
Hose Pipes and ASTM Pipes |
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|
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|
Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Ř Elite Industries, Andheri (West) |
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Customers : |
Wholesalers and Retailers Ř
Amit Solar, Solapur |
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No. of Employees : |
400 (Approximately) |
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Bankers : |
Ř State Bank of India,
Rajamati Bhavan, Bhusar Peth, Mohol, Solapur – 413 213, Maharashtra, India |
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Facilities : |
CC TL – Rs. 740.000 Millions
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Banking
Relations : |
-- |
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|
Financial Institution : |
Electronica Finance Limited, 128/A, Plot No. 3, Kailashchandra
Apartments, Paud Road, Kothrud, Pune – 411038, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Shah Khandralwal Jain and Associates Chartered Accountants |
|
Address : |
Pune, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AACFK3470E |
|
|
|
|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives : |
Ř Kothari Cables Ř Kothari Pipes
and Fittings Private Limited [U25209PN1996PTC095940] Ř Amit Sales |
CAPITAL STRUCTURE
AFTER 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
50.000 |
50.000 |
|
|
2] Share Application Money |
|
12.080 |
19.200 |
|
|
3] Reserves & Surplus |
|
84.297 |
33.229 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
146.377 |
102.429 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
378.030 |
106.195 |
|
|
2] Unsecured Loans |
|
72.942 |
66.847 |
|
|
TOTAL BORROWING |
|
450.972 |
173.042 |
|
|
DEFERRED TAX LIABILITIES |
|
9.883 |
0.180 |
|
|
|
|
|
|
|
|
TOTAL |
|
607.232 |
275.651 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
200.017 |
78.269 |
|
|
Capital work-in-progress |
|
153.774 |
4.901 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.257 |
0.141 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
231.247 |
122.740 |
|
|
Sundry Debtors |
|
335.545 |
201.901 |
|
|
Cash & Bank Balances |
|
27.262 |
23.323 |
|
|
Other Current Assets |
|
32.690 |
10.725 |
|
|
Loans & Advances |
|
39.722 |
4.664 |
|
Total
Current Assets |
|
666.466 |
363.353 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
315.889 |
133.629 |
|
|
Other Current Liabilities |
|
97.669 |
37.751 |
|
|
Provisions |
|
0.000 |
0.000 |
|
Total
Current Liabilities |
|
413.558 |
171.380 |
|
|
Net Current Assets |
|
252.908 |
191.973 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.276 |
0.367 |
|
|
|
|
|
|
|
|
TOTAL |
|
607.232 |
275.651 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
|
1110.712 |
419.933 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
|
961.310 |
376.973 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
149.402 |
42.961 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
56.742 |
14.479 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
92.660 |
28.482 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
12.650 |
6.243 |
|
|
|
|
|
|
|
|
|
Less |
PRELIMINARY
EXPENSES W/O |
|
0.092 |
0.092 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
|
|
79.918 |
22.147 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
28.850 |
8.338 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
|
51.068 |
13.809 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
10.21 |
2.77 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
1750.000 |
|
|
|
|
[Due to more set
up of manufacturing machines and automobile] |
Expected Sales ( 2012-2013 ) : Rs. 2000.000 Millions
The above information has been parted by Mr. Nama (Accounts Department)
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
|
4.60 |
3.29 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
9.22 |
5.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.55 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
|
5.91 |
3.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.61 |
2.12 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
|
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Creditors due small micro enterprises |
|
0.000 |
0.000 |
|
Creditors due others |
|
315.889 |
133.629 |
|
Sundry creditors |
|
315.889 |
133.629 |
|
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 |
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% |
Yes |
|
14] |
Estimation for coming
financial year |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Note: The registered address
of the company has been shifted from Plot No 146 to 157, Chandramauli Industrial Co-operative Estate Mohol -
413213, Maharashtra, India to the present w.e.f.11.11.2011
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U25203PN2009PTC135094 |
|
Name of the
company |
KOTHARI AGRITECH
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No 146 to
157, Chandramauli Industrial Co-operative Estate Mohol - 413213, Maharashtra,
India Email: nama.av@gmail.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
Movable Property |
|
Particular of
charge holder |
Electronica Finance
Limited, 128/A, Plot No. 3, Kailashchandra Apartments, Paud Road, Kothrud, Pune – 411038,
Maharashtra, India CIN No.:
U65910PN1990PLC057017 |
|
Nature of description
of the instrument creating or modifying the charge |
Deed of
hypothecation dated 22nd October 2011. |
|
Date of
instrument Creating the charge |
22.10.2011 |
|
Amount secured by
the charge |
Rs. 10.051
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 13.53% p.a. Terms of Repayment 36 Monthly
Installments. Margin N.A. Extent and Operation of the charge FIRST CHARGE. |
|
Short particulars
of the property charged |
16mm, inline
short (4lph) 32,cavity fully hot runner mould 2 nos. lying at plot no.185 to
193 amp: 146 to 157,Chandramauli, Industrial Estate Mohol Distirct Solapur. |
TRADE REFERENCES:
Amit Solar, Solapur – Mr. Amit [Proprietor]
Elite Industries, Andheri (West) – Mr. Jity
[Partner]
FIXED ASSETS
Ř Land
Ř Building (other than Factory)
Ř Factory Building
Ř Plant and Machinery (NESD)
Ř Furniture and Fixtures
Ř Cycles (NSED)
Ř Motor-cars, motor-cycles, scooters and other mopeds (NESD)
Ř Plant and Machinery (Triple Shift)
Ř Data processing machines
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 eist 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. 54.12 |
|
|
1 |
Rs. 87.08 |
|
Euro |
1 |
Rs. 70.15 |
INFORMATION DETAILS
|
Information Gathered
by : |
PJA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
33 |
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.