MIRA INFORM REPORT
|
Report Date : |
22.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
N K PROTEINS LIMITED (w.e.f 27.03.1992) |
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Formerly Known
As : |
MARUTI PROTEINS LIMITED |
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Registered
Office : |
7th Floor, Popular House, Ashram Road, Ahmedabad - 380009,
Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
27.03.1992 |
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Com. Reg. No.: |
04-017403 |
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Capital Investment
/ Paid-up Capital : |
Rs. 64.695 Millions |
|
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CIN No.: [Company Identification
No.] |
U25499GJ1992PLC017403 |
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PAN No.: [Permanent Account No.] |
AAACN9377N |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Subject is mainly engaged in refining of all types of edible oils i.e.
Cottonseed, Corn, Soyabean, Groundnut, Maize, Palm, Palmolien and Sunflower. |
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|
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No. of Employees
: |
510 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 3700000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having a moderate track record.
There appears some dip in the slow turnover and profits during 2012. Profitability
of the company is vulnerable to the raw material price fluctuations. 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 caution.
|
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Fund Based Limits : BB+ |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
September 2011 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Fund Based Limits : A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
September 2011 |
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. Manish Purushottamdas Kella |
|
Designation : |
Secretary / General Manager Finance |
|
Contact No.: |
91-79-66309999 |
|
Date : |
19.04.2013 |
LOCATIONS
|
Registered / Corporate Office : |
7th Floor, Popular House, Ashram Road, Ahmedabad - 380009, Gujarat,
India |
|
Tel. No.: |
91-79-66309999 |
|
Fax No.: |
91-79-66309913/ 66309907 |
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E-Mail : |
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Website : |
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Area : |
2200 Sq. Ft. |
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Location : |
Rented |
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Factory : |
Plot No. 880, |
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Tel. No.: |
91-2764-274247 to 249 |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Nimishbhai Keshavlal Patel |
|
Designation : |
Chairman and Managing Director |
|
Address : |
41, Ashwamegh Bunglow, Scheme No. 3, Satellite, Ahmedabad-3800015, |
|
Date of Birth/Age : |
19.11.1960 |
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Qualification : |
Graduation |
|
Experience : |
19 Years |
|
Date of Appointment : |
11.01.1996 |
|
DIN No.: |
00240621 |
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Name : |
Mr. Nilesh Keshavlal Patel |
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Designation : |
Managing Director |
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Address : |
13/B, Dariapur Patel Society, Usmanpura, Ahmedabad-380013, |
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Date of Birth/Age : |
23.03.1965 |
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Qualification : |
Graduation |
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Experience : |
19 Years |
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Date of Appointment : |
15.05.1995 |
|
DIN No.: |
00244115 |
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|
|
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Name : |
Mr. Kamlesh Lalbhai Patel |
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Designation : |
Whole Time Director |
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Address : |
6, Devansh Bunglows, Thaltej, Ahmedabad-380054, Gujarat, India |
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Date of Birth/Age : |
01.05.1960 |
|
Qualification : |
B.E. |
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Date of Appointment : |
01.03.1994 |
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DIN No.: |
00244798 |
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|
|
|
Name : |
Mr. Jayesh Pannalal Choksi |
|
Designation : |
Director |
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Address : |
Siddhi Priya JV and D Scheme,
Vile Parle (West), Mumbai-400056, Maharashtra, India |
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Date of Birth/Age : |
29.03.1954 |
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Qualification : |
B. Sc |
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Date of Appointment : |
16.06.2001 |
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DIN No.: |
00001729 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Purushottamdas Kella |
|
Designation : |
Secretary / General Manager Finance |
|
Address : |
6, Aditya Apartment, 20 Jaihind Society, Ranbaug, Maninagar, Ahmedabad
– 380008, |
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Date of Birth/Age : |
17.09.1971 |
|
Date of Appointment : |
01.03.2010 |
|
PAN No.: |
ADPPK8989E |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Sonalben N Patel Jointly with Ashitaben N Patel |
3503085 |
|
Ashitaben N Patel |
238655 |
|
Sonalben N Patel |
230365 |
|
Priyanshi N. Patel |
138250 |
|
Venushri N. Patel |
137770 |
|
Vedanshri N. Patel |
136720 |
|
Priyam N. Patel |
136010 |
|
K. V. Patel HUF |
16500 |
|
Nimishbhai K. Patel |
134550 |
|
Nileshbhai K. Patel |
134550 |
|
Jayesh P. Choksi |
1167375 |
|
Pranav J. Choksi |
150000 |
|
Gomtiben K. Patel |
13000 |
|
Kamlesh L. Patel |
10100 |
|
Gomtiben K. Patel |
5000 |
|
Gomtiben K. Patel |
5000 |
|
Anant B. Patel |
3500 |
|
Rekhaben A. Patel |
3500 |
|
Lalbhai S. Patel |
2400 |
|
Truptiben K. Patel |
1750 |
|
Jashmatiben K. Patel |
900 |
|
Vaishnavi D. Patel |
220 |
|
Rajvi M. Todi |
100 |
|
Darshanbhai B. Patel |
100 |
|
Baldevbhai R. Patel |
100 |
|
Zircon Finance and Leasing Private Limited, India |
150000 |
|
Gufic Limited, India |
150000 |
|
Bennett Coleman Company Limited, India |
2 |
|
TOTAL
|
6469502 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
4.64 |
|
Directors or relatives of Directors |
74.29 |
|
Other top fifty shareholders |
21.07 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is mainly engaged in refining of all types of edible oils i.e.
Cottonseed, Corn, Soyabean, Groundnut, Maize, Palm, Palmolien and Sunflower. |
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Exports : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
Cash, Credit |
GENERAL INFORMATION
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Customers : |
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No. of Employees : |
510 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Sundaram Finance Limited, No.21, Patullos Road, Chennai-60002,
Tamilnadu, India |
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Auditors : |
|
|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
2nd Floor, Shivalik Ishaan, Near CN Vidhyalaya, Ambawadi, Ahmadabad
- 380015, Gujarat, India |
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PAN No.: |
AABFS3421N |
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Subsidiaries : |
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Other Related Parties : |
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CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6469502 |
Equity Shares |
Rs.10/- each |
Rs. 64.695
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 |
64.695 |
64.695 |
64.695 |
|
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2] Share Application Money |
20.000 |
20.000 |
0.000 |
|
|
3] Reserves & Surplus |
854.878 |
702.809 |
527.546 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
939.573 |
787.504 |
592.241 |
|
|
LOAN FUNDS |
|
|
|
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1] Secured Loans |
1144.227 |
27.938 |
118.199 |
|
|
2] Unsecured Loans |
140.463 |
35.805 |
136.457 |
|
|
TOTAL BORROWING |
1284.690 |
63.743 |
254.656 |
|
|
DEFERRED TAX LIABILITIES |
23.231 |
6.737 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
2247.494 |
857.984 |
846.897 |
|
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
691.954 |
593.280 |
289.281 |
|
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Capital work-in-progress |
133.933 |
6.028 |
19.345 |
|
|
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INVESTMENT |
8.538 |
8.523 |
4.119 |
|
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
3.036 |
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1739.069
|
1219.480
|
1148.246
|
|
|
Sundry Debtors |
332.344
|
778.981
|
321.437
|
|
|
Cash & Bank Balances |
2081.532
|
623.301
|
359.423
|
|
|
Other Current Assets |
102.638
|
294.720
|
155.806
|
|
|
Loans & Advances |
554.753
|
575.272
|
388.813
|
|
Total
Current Assets |
4810.336
|
3491.754 |
2373.725 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3014.629
|
2826.924
|
1600.316 |
|
|
Other Current Liabilities |
296.827
|
285.122
|
131.604
|
|
|
Provisions |
85.811
|
129.555
|
110.689
|
|
Total
Current Liabilities |
3397.267
|
3241.601 |
1842.609 |
|
|
Net Current Assets |
1413.069
|
250.153
|
531.116
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
2247.494 |
857.984 |
846.897 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
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SALES |
|
|
|
|
|
|
|
Income |
25075.606 |
28919.304 |
14510.219 |
|
|
|
Other Income |
103.893 |
67.691 |
370.127 |
|
|
|
TOTAL (A) |
25179.499 |
28986.995 |
14880.346 |
|
|
|
|
|
|
|
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
18738.981 |
10691.535 |
|
|
|
|
Purchases of stock-in-trade |
5120.334 |
16855.332 |
|
|
|
|
Employee benefit expense |
106.345 |
69.158 |
|
|
|
|
Other expenses |
965.151 |
976.544 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(83.969) |
(10.730) |
|
|
|
|
TOTAL (B) |
24846.842 |
28581.839 |
14588.096 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
332.657 |
405.156 |
292.250 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
40.876 |
83.323 |
84.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
291.781 |
321.833 |
208.203 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
63.218 |
42.251 |
40.724 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
228.563 |
279.582 |
167.479 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
76.494 |
104.320 |
65.529 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
152.069 |
175.262 |
101.950 |
|
|
|
|
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|
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
262.960 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
364.910 |
|
|
|
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|
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|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1257.876 |
10049.807 |
3926.978 |
|
|
TOTAL EARNINGS |
1257.876 |
10049.807 |
3926.978 |
|
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|
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|
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IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
1474.690 |
2025.337 |
810.047 |
|
|
TOTAL IMPORTS |
1474.690 |
2025.337 |
810.047 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
23.51 |
27.09 |
15.76 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
28000.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 35000.000 Millions
The above information has been parted by Mr. Manish Kalla.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.60
|
0.60 |
0.69 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.91
|
0.97 |
1.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.15
|
6.84 |
6.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.36 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.37
|
0.08 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42
|
1.08 |
1.29 |
LOCAL AGENCY FURTHER INFORMATION
COURT
CASE
|
HIGH COURT OF GUJARAT CRIMINAL APPEAL No. 1317 of2011
LOWER COURT DETAILS
OFFICE DETAILS
COURT PROCEEDINGS
AVAILABLE ORDERS
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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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Other Loans and Advances |
128.007 |
0.000 |
|
Deposits from Directors |
2.203 |
5.250 |
|
Intercorporate Deposits |
10.253 |
30.555 |
|
|
|
|
|
TOTAL |
140.463 |
35.805 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
3014.629
|
2826.924
|
|
|
Creditors due small micro enterprises |
-- |
-- |
0.000 |
|
Creditors due others |
--
|
--
|
1600.316 |
|
TOTAL |
3014.629
|
2826.924
|
1600.316 |
NATURE OF OPERATIONS
Subject is mainly
engaged in refining of all types of edible oils i.e. Cottonseed, Corn,
Soyabean, Groundnut, Maize, Palm, Palmolien and Sunflower. Company has also
undertaken Soya Seed crushing for deriving edible oil products. Company also
deals in non-edible oil products like Castorseed and other products derived
from crushing of Castorseed.
OPERATIONS
During the year,
turnover is decreased to Rs. 25075.606 Millions compared to Rs. 28919.304
Millions during 2011-12 showing a decrease of 13.29% over the previous year.
Profit of the Company is decreased to Rs. 152.069 Millions compared to Rs.
175.262 Millions of previous year. Once the need-based working funds are
available from the banking channel, the Company can achieve a substantial
growth in turnover and profit.
FORM 8
|
Corporate
identity number of the company |
U25499GJ1992PLC017403 |
|
Name of the
company |
N K PROTEINS LIMITED |
|
Address of the
registered office or of the principal place of business in |
7th Floor, Popular House, Ashram Road, Ahmedabad-380009,
Gujarat, India Email: nkil@nkproteins.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
|
|
Particular of
charge holder |
Central Bank of India, HLCC Area Branch, Near Vijay Char Rasta,
Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Nature of
instrument creating charge |
Deed of
Hypothecation |
|
Date of
instrument Creating the charge |
05.03.2012 |
|
Amount secured by
the charge |
Rs. 300.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest Minimum interest rate
14.75% p.a. or at such other rate or rates as may from time to time be fixed
by the bank. Terms of repayment Usance 3 months Margin 15% Extent and operation of the charge The financial
assistance is secured by way of First and Exclusive charge in favour of
Central Bank of India Other Letter of credit
facility. |
|
Short particulars
of the property charged (Including location of the property) |
Stock of
cottonseed oil, Palm oil, Sunflower oil, ground nut oil, oil and other
vegetable oils, Plant and Machineries, laying at Plot No.-880,kadi - Thor
road, village: Thor, Taluka: kadi, District: Mehsana, |
FIXED ASSETS
- Freehold Land
- Factory Building
- Office Building
- Plant and Machinery
- Windmill
- Electric Installations
- Furniture and Fixtures
- Office Equipments
- Computers
- Factory Equipments
- Vehicles
- Telephone Installations
- Computer Software
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. 54.02 |
|
|
1 |
Rs. 70.49 |
|
Euro |
1 |
Rs. 82.43 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.