MIRA INFORM REPORT
|
Report Date : |
16.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANUNAY FAB LIMITED |
|
|
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Registered
Office : |
Office No.3-4, Shivalik Plaza, Opposite ATIRA, Ambawadi, Ahmedabad -
380 015, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
26.05.1992 |
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Com. Reg. No.: |
04-017717 |
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Capital
Investment / Paid-up Capital : |
Rs.76.080
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17110GJ1992PLC017717 |
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|
|
PAN No.: [Permanent Account No.] |
AABCA6322K |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacture and marketing of home
textile products. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 1241000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. There
appears some dip in the profitability of the company during current year. The
company has also recorded huge external borrowings. However, trade relations
are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Letter of Credit: A4 |
|
Rating Explanation |
Minimal degree of safety it carry high credit risk. |
|
Date |
July 19, 2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Cash Credit: C |
|
Rating Explanation |
Very high risk of default. |
|
Date |
July 19, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
LOCATIONS
|
Registered Office/ Corporate Office : |
Office No.3-4, Shivalik Plaza, Opposite ATIRA, Ambawadi, Ahmedabad -
380 015, Gujarat, India |
|
Tel. No.: |
91-79-26307832-33-34/ 26307831 |
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Fax No.: |
91-79-26307838 |
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E-Mail : |
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Website : |
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Area : |
45 Storey Building |
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Location : |
Owned |
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|
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Marketing and Factory : |
138, Pirana Road, Piplej, Ahmedabad – 382 405, Gujarat, India |
|
Tel. No.: |
91-79-25735526-30 |
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Fax No.: |
91-79-25715554 |
|
Area : |
6000 sq. yards |
|
Location : |
Owned |
DIRECTORS
As on 28.09.2012
|
Name : |
Mrs. Anjani Radheshyam Agarwal |
|
Designation : |
Director |
|
Address : |
49, Ashovpalav Bunglows, Near Thaltej Gram Panchayat, Thaltej,
Ahmedabad - 380 059, Gujarat, India. |
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Date of Birth/Age : |
31.10.1973 |
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Qualification : |
Graduate |
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Date of Appointment : |
26.05.1992 |
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DIN No.: |
00394836 |
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PAN No.: |
ACYPA9793L |
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|
|
|
Name : |
Mr. Purshottam Radheshyam Agarwal |
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Designation : |
Director |
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Address : |
14, Natraj Society, Ambawadi, Gulbai Tekara, Ahmedabad – 380 015,
Gujarat, India |
|
Date of Birth/Age : |
18.05.1967 |
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Qualification : |
Graduate |
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Date of Appointment : |
10.06.2005 |
|
DIN No.: |
00396869 |
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PAN No.: |
ACYPA9806C |
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|
|
|
Name : |
Mr. Mahadev Mangilal Kharwal |
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Designation : |
Additional Director |
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Address : |
B-40, Prrna Society, Part 2, Isanpur, Ahmedabad – 382 443, Gujarat,
India |
|
Date of Birth/Age : |
09.07.1969 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.12.2009 |
|
DIN No.: |
01645129 |
|
PAN No.: |
AOMPK0214N |
|
|
|
|
Name : |
Mr. Kishan Madanlal Yadav |
|
Designation : |
Additional Director |
|
Address : |
45, Patel Co-Operative Housing Society, Hansol, Ahmedabad – 382 475,
Gujarat, India |
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Date of Birth/Age : |
21.06.1962 |
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Qualification : |
Graduate |
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Date of Appointment : |
15.02.2012 |
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DIN No.: |
02845697 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Anjani R. Agarwal |
|
398000 |
|
Anjani R. Agarwal HUF |
|
595000 |
|
Anshu A. Agarwal |
|
648000 |
|
Anushka A. Agarwal |
|
105000 |
|
Nirmaladevi R. Agarwal |
|
600000 |
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Purshottam R. Agarwal |
|
250000 |
|
Purshottam R. Agarwal HUF |
|
280000 |
|
Somna P. Agarwal |
|
780000 |
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Vasvi A. Agarwal |
|
166000 |
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Shivshankar G. Agarwal |
|
574000 |
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Rampurshottam G. Agarwal |
|
500000 |
|
Gujarat Investa Limited, India |
|
2712000 |
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Total |
|
7608000 |
As on 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
35.65 |
|
Directors
or relatives of directors |
|
50.23 |
|
Other
top fifty shareholders |
|
14.12 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in the manufacture and marketing of
home textile products. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011)
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Particulars |
Actual
Production |
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Cloth (Bedsets) Mtrs |
16928665 |
|
Bedsets (Sets) |
2991584 |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Lunia and Company Chartered Accountants |
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Address : |
Ahmedabad, Gujarat, India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFL7194C |
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Associates : |
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CAPITAL STRUCTURE
As on 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 millions |
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|
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7608000 |
Equity Shares |
Rs.10/- each |
Rs.76.080
millions |
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|
|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
76.080 |
76.080 |
76.080 |
|
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2] Share Application Money Pending Allotment |
41.500 |
41.500 |
20.000 |
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3] Reserves & Surplus |
192.736 |
189.653 |
181.139 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
310.316 |
307.233 |
277.219 |
|
|
LOAN FUNDS |
|
|
|
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1] Secured Loans |
762.590 |
841.719 |
606.572 |
|
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2] Unsecured Loans |
116.454 |
111.841 |
79.735 |
|
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TOTAL BORROWING |
879.044 |
953.560 |
686.307 |
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DEFERRED TAX LIABILITIES |
2.521 |
3.035 |
3.849 |
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TOTAL |
1191.881 |
1263.828 |
967.375 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
155.945 |
174.604 |
186.522 |
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Capital work-in-progress |
0.000 |
0.000 |
1.519 |
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|
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INVESTMENT |
0.908 |
0.000 |
0.000 |
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DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
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|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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Inventories |
907.820
|
734.313 |
505.675 |
|
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Sundry Debtors |
407.802
|
640.510 |
498.167 |
|
|
Cash & Bank Balances |
15.206
|
12.502 |
21.993 |
|
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Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
115.949
|
124.161 |
78.887 |
|
Total
Current Assets |
1446.777
|
1511.486 |
1104.722 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
340.952
|
346.485 |
307.014 |
|
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Other Current Liabilities |
70.031
|
72.388 |
17.109 |
|
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Provisions |
0.941
|
3.674 |
1.743 |
|
Total
Current Liabilities |
411.924
|
422.547 |
325.866 |
|
|
Net Current Assets |
1034.853
|
1088.939 |
778.856 |
|
|
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|
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MISCELLANEOUS EXPENSES |
0.175
|
0.285 |
0.478 |
|
|
|
|
|
|
|
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TOTAL |
1191.881 |
1263.828 |
967.375 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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|
SALES |
|
|
|
|
|
|
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Revenue from operations |
2664.078 |
2323.753 |
2295.484 |
|
|
|
Other Income |
34.138 |
14.421 |
4.497 |
|
|
|
TOTAL (A) |
2698.216 |
2338.174 |
2299.981 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
2628.889 |
|
2235.781 |
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(173.507) |
(228.638) |
|
|
|
|
Employee benefit expense |
13.283 |
11.857 |
|
|
|
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Other expenses |
86.346 |
95.058 |
|
|
|
|
TOTAL (B) |
2555.011 |
2218.956 |
2235.781 |
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|
|
|
|
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
143.205 |
119.218 |
64.200 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
117.954 |
86.044 |
45.269 |
|
|
|
|
|
|
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|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
25.251 |
33.174 |
18.931 |
|
|
|
|
|
|
|
|
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
22.316 |
23.311 |
10.605 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
2.935 |
9.863 |
8.326 |
|
|
|
|
|
|
|
|
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Less |
TAX (H) |
(0.148) |
1.349 |
3.250 |
|
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|
|
|
|
|
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|
PROFIT AFTER TAX
(G-H) (I) |
3.083 |
8.514 |
5.076 |
|
|
|
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|
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|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
114.768 |
106.254 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
117.851 |
114.768 |
106.254 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1267.606 |
1180.689 |
1199.652 |
|
|
|
|
|
|
|
|
|
|
IMPORT VALUE |
6.028 |
9.112 |
NA |
|
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|
|
|
Earnings Per
Share (Rs.) |
0.41 |
1.13 |
0.47 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.11
|
0.36 |
0.22 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.11
|
0.42 |
0.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.18
|
0.58 |
0.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.83
|
3.10 |
2.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.51
|
3.58 |
3.39 |
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 |
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15) Capital in the business |
Yes |
|
16) Details of sister concerns |
Yes |
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17) Major suppliers |
No |
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18) Major customers |
No |
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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 |
-- |
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27) Financials, if provided |
Yes |
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28) Incorporation details, if applicable |
Yes |
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29) Last accounts filed at ROC |
Yes |
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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 |
|
Unsecured Loans |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Rupee term loans from others |
6.003 |
5.188 |
|
Inter-corporate borrowings |
72.080 |
56.778 |
|
SHORT-TERM BORROWINGS |
|
|
|
Other loans and advances |
38.371 |
49.875 |
|
Total
|
116.454 |
111.841 |
Note:
The registered office of the company has been shifted from G/3, Chitra Ami
Apartments, Near Times of India, Ashram Road, Ahmedabad – 380 009, Gujarat to
the present address w.e.f. 05.02.2007.
Bankers Charges
Report as per Registry
|
Corporate identity number of the company |
U17110GJ1992PLC017717 |
|
Name of the company |
ANUNAY FAB LIMITED |
|
Address of the registered office or of the
principal place of business in |
Office No.3-4, Shivalik Plaza, Opposite ATIRA, Ambawadi, Ahmedabad -
380 015, Gujarat, India E-Mail: lunianandco@vsnl.net |
|
This form is for |
Modification of charge |
|
Charge identification number of the modified |
10302154 |
|
Type of charge |
Immovable Property |
|
Particular of charge holder |
Dena Bank,
Maninagar (West) Branch, Maninagar Char Rasta, Maninagar, Ahmedabad – 380
008, Gujarat, India E-Mail: manwes@denabank.co.in |
|
Nature of description of the instrument
creating or modifying the charge |
Instrument of extension relating to
deposit of title deeds |
|
Date of instrument Creating the charge |
31.03.2012 |
|
Amount secured by the charge |
Rs.872.000 millions |
|
Brief particulars of the principal terms a
conditions and extent and operation of the charge |
Rate of Interest: PCH: BR+2.30%-0.25% i.e. @12.75% p.a. CCH: BR+6.30%-2.50% i.e. @14.50% p.a. FBP/FBD as per HO Circulars Terms of Repayment: Renewal every year Margin: 10% Extent and Operation of the charge: The above charge further secured by
Mortgage of Immovable Properties Others: N.A. |
|
Short particulars of the property charged |
House No.3 admeasuring about 2348 Sq.
Fts. and House 4 admeasuring about
2348 Sq Fts building knows as Shivalik Plaza, Vastrapur, Ahmedabad Tenament No.14 having its plot area
admeasuring about 371.20 Sq Mtrs.
in Natraj Co-Operative Housing Society
Limited situated at Mouje Kocharab, Paldi, Ahmedabad Survey No.138/1 Non Agricultural Land
admeasuring about 6200 Sq Yards situated at Saijpur Gopalpur, Narol,
Ahmedabad Shop No.252 the scheme known as New Cloth Market
situated at Ahmedabad Maskati Cloth Dealers Co-Operative Housing Society
Limited, Mouje Shaher Kotda, Odhav, Ahmedabad Revenue Block No.416 situated at Village
Chharodi, Taluka Sanand, District Ahmedabad Revenue Block No.418 situated at Village
Chharodi, Taluka Sanand, District Ahmedabad |
|
Whether any of the
property or interest therein under reference is not registered in the name of
the company If yes, in whose
name it is registered |
Yes (i) Purshottam
Agarwal (ii) Anjani Agarwal (iii) Somnadevi P. Agarwal and Nirmaladevi R.
Agrawal |
|
Particulars of the present
modification |
The above charge further secured by
Mortgage of Immovable Properties |
FIXED ASSETS
·
Land
·
Office Building
·
Factory Building
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Computer Equipment
WEBSITE DETAILS:
INTRODUCTION:
In today’s world, home textiles assumes utmost importance in terms of design, fashion and cultural expression, adding glamour and style to the home.
There is no universal language for design and style, but the important aspect is the aesthetically pleasing look, functionality and the portrayed dynamism.
Subject is a company engaged in the manufacture and marketing - Domestic and international - of home textile products incorporating the required aesthetics, functionality and dynamism in design. In turn, decorating the house and assisting you make it a HOME.
The company was established in the year 1992 with a modest infrastructure and has grown from zero to a USD 32 million turnover company in a period of 15 years.
The production of textiles is an important craft, whose speed and scale of production has been altered almost beyond recognition by industrialization and the introduction of modern manufacturing techniques. And Anunay has kept pace with these developments, adapting the best possible technology and systems to showcase an amazing range of textile products, a range covering all requirements in decorating the HOME.
ACHIEVEMENTS AND MILESTONES
The company has grown to a USD 32 million turnover company in a short span of 15 years, the turnover being doubled in the last 5 years from USD 15.2 million annual in 2002 to the current turnover. The company commenced business when the industry was in its most Turbulent phase and came out a winner.
The progress of the company and the contribution towards the foreign exchange earning capacity has been recognized time and again and the following awards have been bestowed to the company.
Award details:
· Niryat Shree Gold Trophy Award for the year 2004-2005 from FIEO (Federation of India Export Organization)
· International Gold Star Millennium Award from citizens Integration Peace Society for Indo Nepal friendship and Economic Co-operation.
· Award as man of the nation to the managing director - Mr. Anjani Agarwal from Council for national development.
Bharat Gaurav Award to the managing director - Mr. Anjani
Agarwal from Council National Development.
The client list reads like a who's who of the world home textiles retailers spread
across Europe and the north American market.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or investigation
registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No available
information exist that suggest that subject or any of its principals have been
formally charged or convicted by a competent governmental authority for any
financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
|
1 |
Rs.83.70 |
|
Euro |
1 |
Rs.71.42 |
INFORMATION DETAILS
|
Report Prepared by
: |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.