|
Report Date : |
17.04.2013 |
|
|
|
|
Tel. No.: |
+91-2764-286702/ 286052 |
|
Fax No.: |
+91-2764-286703 |
IDENTIFICATION DETAILS
|
Name : |
GREEN PACK FOILS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No. 520, Opposite Sarthi Phar-Mceauticals Limited, Sola-Santej
Road, At Rakanpur, Taluka Kalol, Gandhinagar-382721, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.06.1995 |
|
|
|
|
Com. Reg. No.: |
04-026414 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.005
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25200GJ1995PTC026414 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMG014641D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of all kind of Aluminium Foil and Flexible Packing
Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 204000 |
|
|
|
|
Status : |
Usually Correct |
|
|
|
|
Payment Behaviour : |
Satisfactory |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. There
appears some dip in the profits during 2012. However, Trade relations are
reported as fair. Business is active. Payments are reported to be usually
correct 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 |
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 / Admin Office / Factory : |
Block No. 520, Opposite Sarthi Phar-Mceauticals Limited, Sola-Santej
Road, At Rakanpur, Taluka Kalol, Gandhinagar-382721, Gujarat, India |
|
Tel. No.: |
91-2764-286702 / 286703 / 286052 |
|
Fax No.: |
91-2764-286703 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Kaushikbhai Somabhai Patel |
|
Designation : |
Director |
|
Date of Birth/Age : |
51, Jawahar Society, Visnagar, Mehsana-384315, Gujarat, India |
|
Date of Appointment : |
01.01.2001 |
|
DIN No.: |
00632483 |
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 |
U29120GJ1987PTC009960 |
AIMS
FORGINGS PRIVATE LIMITED |
Director |
08-07-93 |
08-07-93 |
Active |
NO |
|
2 |
U25200GJ1995PTC026414 |
GREEN
PACK FOILS PRIVATE LIMITED |
Director |
01-01-01 |
01-01-01 |
Active |
NO |
|
Name : |
Mr. Sanjaykumar Amritlal Patel |
|
Designation : |
Director |
|
Address : |
17/B/1, Suraxa Society, Visnagar, Mehsana-384315, Gujarat, India |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
01946566 |
|
|
|
|
Name : |
Mr. Mukeshkumar Bhaichandbhai Patel |
|
Designation : |
Director |
|
Address : |
Near Kanyashala, At and Post Visnagar-384315, Gujarat, India |
|
Date of Appointment : |
01.02.1998 |
|
DIN No.: |
01946757 |
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 |
U25200GJ1995PTC026414 |
GREEN
PACK FOILS PRIVATE LIMITED |
Director |
01-02-98 |
01-02-98 |
Active |
NO |
|
2 |
U29120GJ1987PTC009960 |
AIMS
FORGINGS PRIVATE LIMITED |
Director |
01-09-03 |
01-09-03 |
Active |
NO |
|
Name : |
Mr. Shaileshkumar J Patel |
|
Designation : |
Director |
|
Address : |
38, Vivekanand Society, Visnagar, Mehsan-384315, Gujarat, India |
|
Date of Appointment : |
01.04.1997 |
|
DIN No.: |
02164092 |
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 |
U25200GJ1995PTC026414 |
GREEN
PACK FOILS PRIVATE LIMITED |
Director |
01-04-97 |
01-04-97 |
Active |
NO |
|
2 |
U29120GJ1984PTC006802 |
KRASHI
PUMPS PRIVATE LIMITED |
Director |
15-10-00 |
15-10-00 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sanjay Patel |
10000 |
|
Ashaben Patel |
10050 |
|
Jitendrakumar Patel (HUF) |
13350 |
|
Prahladbhai Patel (HUF) |
15000 |
|
Amrutbhai Patel (HUF) |
10000 |
|
Amthiben Patel |
5000 |
|
Rushnaben Patel |
15050 |
|
Mukesh Patel (HUF) |
30050 |
|
Nitin Patel (HUF) |
3300 |
|
Kalpaben Patel |
10050 |
|
Kantaben Patel |
5000 |
|
Puriben Patel |
13350 |
|
Kankuben Patel |
10000 |
|
Navinkumar Patel (HUF) |
10000 |
|
Manjulaben Patel |
10000 |
|
Kaushik Patel (HUF) |
10000 |
|
Bhavik Patel |
5000 |
|
Geetaben Patel |
5000 |
|
Gaurang Patel |
10000 |
|
Shailesh Patel |
10000 |
|
Ashaben Patel |
10000 |
|
Bhagwatiben Patel |
10000 |
|
Manibhai Patel |
20200 |
|
Mahendrabhai Patel |
30100 |
|
Shailesh Patel |
30000 |
|
Parulben Patel |
10000 |
|
Minaxiben Patel |
10000 |
|
Hineben Patel |
10000 |
|
Ashaben Patel |
10000 |
|
Shardaben Patel |
10000 |
|
Ritaben Patel |
10000 |
|
Jyotsanaben Patel |
10000 |
|
Saritaben Patel |
10000 |
|
Girishkumar Patel (HUF) |
5000 |
|
Khusbuben Patel |
5000 |
|
|
|
|
TOTAL |
400500 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of all kind of Aluminium Foil and Flexible Packing
Products. |
PRODUCTION STATUS [AS ON 31.03.2012]
|
Particulars |
Actual
Production In
Kgs. |
|
Aluminium Foils |
606710.400 |
|
Paper Coated/ Poly Laminated |
47090.990 |
|
Polyester Poly Laminated/ Printed |
8568.950 |
|
PVDC Film Coated/Printed |
-- |
|
Paper Foil Coated/Laminated |
122937.820 |
|
Scrap: |
|
|
Aluminium Foil Scrap |
55315.030 |
|
Paper Scrap |
9584.340 |
|
Polyester Poly Scrap |
1483.250 |
|
PVC Scrap |
-- |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati Bapat
Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India ·
Standard Chartered Bank |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Mukesh P. Patel and Company Chartered Accountant |
|
Address : |
2nd Floor, Shiv Market, Opposite S.T. Stand,
Visnagar-384315, Gujarat, India |
|
Tel No.: |
91-2765-231984/231784 |
|
Mobile No.: |
91-9879537277/9904155909 |
|
Email: |
|
|
PAN No: |
ABVPP0997R |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400500 |
Equity Shares |
Rs.10/- each
|
Rs.4.005
Millions |
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 |
4.005 |
4.005 |
4.005 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
47.025 |
43.388 |
36.209 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
51.030 |
47.393 |
40.214 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
18.940 |
13.664 |
3.592 |
|
|
2] Unsecured Loans |
27.442 |
31.249 |
29.654 |
|
|
TOTAL BORROWING |
46.382 |
44.913 |
33.246 |
|
|
DEFERRED TAX LIABILITIES |
0.691 |
0.691 |
0.516 |
|
|
|
|
|
|
|
|
TOTAL |
98.103 |
92.997 |
73.976 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.486 |
16.724 |
12.027 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.013 |
0.013 |
0.010 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
26.015
|
28.453 |
22.248
|
|
|
Sundry Debtors |
80.023
|
67.451 |
61.458
|
|
|
Cash & Bank Balances |
0.477
|
0.395 |
0.370
|
|
|
Other Current Assets |
0.000
|
0.000 |
0.000
|
|
|
Loans & Advances |
5.757
|
3.963 |
7.807
|
|
Total
Current Assets |
112.272
|
100.262 |
91.883 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
27.136
|
17.815 |
23.106
|
|
|
Other Current Liabilities |
5.532
|
6.187 |
0.000
|
|
|
Provisions |
0.000
|
0.000 |
6.838
|
|
Total
Current Liabilities |
32.668
|
24.002 |
29.944
|
|
|
Net Current Assets |
79.604
|
76.260 |
61.939
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
98.103 |
92.997 |
73.976 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
240.209 |
168.064 |
191.108 |
|
|
|
Other Income |
0.263 |
3.165 |
2.272 |
|
|
|
TOTAL (A) |
240.472 |
171.229 |
193.380 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
200.749 |
145.080 |
150.146 |
|
|
|
Employee Benefits Expenses |
5.512 |
4.606 |
0.000 |
|
|
|
Other Expenses |
23.865 |
15.356 |
0.000 |
|
|
|
Manufacturing Expenses |
0.000 |
0.000 |
4.854 |
|
|
|
Administrative Expenses |
0.000 |
0.000 |
20.207 |
|
|
|
Increase / (Decreased) in Closing Stock |
(4.059) |
(11.135) |
(3.715) |
|
|
|
TOTAL (B) |
226.067 |
153.907 |
171.492 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.405 |
17.322 |
21.888 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.874 |
4.132 |
4.347 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.531 |
13.190 |
17.541 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.285 |
2.220 |
1.432 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX (E-F) (G) |
5.246 |
10.970 |
16.109 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.608 |
3.791 |
5.873 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) AFTER
TAX (G-H) (I) |
3.637 |
7.179 |
10.236 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
3.637 |
7.179 |
10.236 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3.557 |
2.297 |
1.167 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
16.162 |
0.013 |
NA |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
9.08 |
17.93 |
25.48 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
1.51
|
4.19 |
5.29
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.18
|
9.37 |
8.43
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.01
|
9.37 |
15.50
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.23 |
0.40
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.91
|
0.95 |
0.83
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.44
|
4.17 |
3.07
|
LOCAL AGENCY FURTHER INFORMATION
|
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 |
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 |
No |
|
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 |
|
31] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
REVIEW OF THE OPERATIONS:
During the year, the Company's total income was Rs. 240.209 Millions as against Rs.168.064 Millions in the previous year. The company has made net profit of Rs. 3.637 Millions as compared to the previous year of Rs. 3.791 Millions after providing depreciation of Rs. 3.285 Millions and provision for taxation of Rs. 16.094 Millions. Looking to the overall sales and profit position, the future of the company is found prospective, the management of the Company is hopeful for better results in coming years.
|
Unsecured Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Loans from directors and relatives |
27.442 |
31.249 |
|
TOTAL
|
27.442 |
31.249 |
FIXED ASSETS:
·
Building
·
Plant and Machinery
·
Electrical Installations
·
Furniture and Fixtures
·
Jeep – Car
·
Computer
·
Scooter
·
Bolero
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 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.54.33 |
|
|
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.