MIRA
INFORM REPORT
|
Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
PRINT HOUSE (INDIA) PRIVATE LIMITED |
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Registered
Office : |
R - 847/2, T. T. C. Industrial Area, M. I. D. C., Rabale, Navi Mumbai
– 400701, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
09.01.1987 |
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Com. Reg. No.: |
11-042166 |
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Capital
Investment / Paid-up Capital : |
Rs. 66.001 Millions |
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CIN No.: [Company Identification
No.] |
U85110MH1987PTC042166 |
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|
|
PAN No.: [Permanent Account No.] |
AAACM5669E |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Printing Products. |
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No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
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 600000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record.
There appear continuous losses recorded by the company. The external
borrowing seems to be huge. However, trade relations are reported to be 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.
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. Rohit Singh |
|
Designation : |
Export Department |
|
Contact No.: |
91-22-66281414 |
|
Date : |
22.04.2013 |
LOCATIONS
|
Registered Office/ Factory 1: |
R - 847/2, T. T. C. Industrial Area, M. I. D. C., Rabale, Navi Mumbai
– 400701, Maharashtra, India |
|
Tel. No.: |
91-22-66281414/ 66281503 |
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Fax No.: |
91-22-66281460 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Office/ Factory 2 : |
6, Datta Mandir Road, Bhandup (West), Mumbai – 400078, Maharashtra,
India |
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Tel. No.: |
91-22-66281414 |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Nandkumar Purushottam Hendre |
|
Designation : |
Director |
|
Address : |
2402-A, 24th Floor, Heritage, A. S. Marg, Hiranandani Garden, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
20.08.1961 |
|
Qualification : |
B.A., Diploma in Printing Technology |
|
Experience : |
26 Years |
|
Date of Appointment : |
22.09.1999 |
|
PAN No.: |
AAAPH4642M |
|
DIN No.: |
00101712 |
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|
|
|
Name : |
Mr. Pramod Purushottam Hendre |
|
Designation : |
Director |
|
Address : |
2203-A, 22nd Floor, Heritage, A. S. Marg, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
23.02.1968 |
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Qualification : |
B.E., Mechanical |
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Experience : |
19 Years |
|
Date of Appointment : |
22.09.1999 |
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PAN No.: |
AAAPH5817Q |
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DIN No.: |
00101626 |
KEY EXECUTIVES
|
Name : |
Mr. Rohit Singh |
|
Designation : |
Export Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 29.09.2012
|
Names of
Shareholders |
|
No. of Shares |
|
Nandkumar Hendre |
|
866250 |
|
Pramod Hendre |
|
921250 |
|
Hendre Nandkumar Kunal Mast. |
|
687500 |
|
Hendre Pramod Prathmesh |
|
687500 |
|
Hendre Pramod Runali |
|
687500 |
|
Hendre Nandkumar Upasana |
|
687500 |
|
Hendre Nandkumar Parinita |
|
275000 |
|
Hendre Pramod Tanishq |
|
275000 |
|
Nandkumar Purushottam M. Hendre Huf (The. Karta Mr. Nandkumar Hendre) |
|
849680 |
|
Pramod Purushottam Hendre Huf ( The Karta Mr. Pramod Hendre ) |
|
662820 |
|
Khurshedji Nariman |
|
27 |
|
Khurshedji Nariman Jer |
|
27 |
|
Total |
|
6600054 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Printing Products. |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
African Countries |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers and End Users |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
· The Bharat Co-Operative Bank Limited, Bhandup Branch, Gautam Udyog Bhavan, L.B.S. Marg, Bhandup(West), Mumbai - 400078, Maharashtra, India Tel No.: 91-22-61534910 · HSBC Bank, Thane (West), Naupada, Thane – 400601, Maharashtra, India Tel No.: 91-22-40422424 · ICICI Bank Limited, Zenith House, Keshavrao Khyade Marg, Mahalaxmi,, Mumbai - 400034, Maharashtra, India · The Shamrao Vithal Co-Operative Bank Limited · Kotak Mahindra Bank |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Pravin R. Navandar and Company Chartered Accountant |
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Address : |
603-604, 6thFloor Building, No. 209, Anita Kutir C Wing, Hig Colony, 90 Feet Road, Ghatkopar, Mumbai – 400075, Maharashtra, India |
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PAN.: |
AAAPN6281G |
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Memberships : |
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Associate : |
Annakoot Properties Private Limited CIN No.: U70100MH2003PTC142115 |
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Entities over which
key Management Personnel and their relatives are able To
exercise significant influence: |
Hendre Printers Private Limited |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9990000 |
Equity Shares |
Rs.10/- each |
Rs. 99.900 Millions |
|
10000 |
Preference Shares |
Rs.10/- each |
Rs. 0.100 Million |
|
|
Total |
|
Rs. 100.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6600054 |
Equity Shares |
Rs.10/- each |
Rs. 66.001
Millions |
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|
Statement showing no
of equity shares outstanding at the end of the year
|
Particular |
Number |
Amount |
|
Shares outstanding at the beginning of the year |
6600054 |
66.001 |
|
Shares Issued during the year |
- |
- |
|
Shares bought back during the year |
- |
- |
|
Shares outstanding at the end of the year |
6600054 |
66.001 |
Statement showing
list of the shareholders holding shares more than 5%
|
Particular |
Number |
% of Holding |
|
Equity shares with
voting rights |
|
|
|
Kunal N. Hendre |
687500 |
10.42 |
|
Nandkumar P. Hendre |
866250 |
13.12 |
|
Upasana N. Hendre |
687500 |
10.42 |
|
Prathmesh P. Hendre |
687500 |
10.42 |
|
Pramod P. Hendre |
921250 |
13.96 |
|
Runali P. Hendre |
587500 |
10.42 |
|
Chitrarekha P. Hendre |
- |
0.00 |
|
Purushottam M. Hendre |
- |
0.00 |
|
Nandkumar P. Hendre HUF |
849680 |
12.87 |
|
Pramod P. Hendre HUF |
662820 |
10.04 |
Rights, Preferences
and Restrictions attached to Equity Shares
The Company has only one class of equity shares having a par value of Rs. 10 per share. Each holder of equity shares is entitled to one vote per share. The dividend proposed by the Board of Directors and approved by the shareholders in the Annual General Meeting is paid in Indian Rupees. In the event of liquidation of the company, the holders of equity shares will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.(Note: Rights and restrictions attached as per Company Law)
Aggregrate number of
Bonus shares issued during the period of five years immediately preceding the
reporting date
|
Number of Equity shares alloted as fully paid Bonus Shares |
3960032 |
|
Total |
3960032 |
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 |
66.001 |
66.001 |
66.001 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
101.017 |
104.034 |
154.454 |
|
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
167.018 |
170.035 |
220.455 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
486.748 |
602.903 |
702.202 |
|
|
2] Unsecured Loans |
67.755 |
57.201 |
46.225 |
|
|
TOTAL BORROWING |
554.503 |
660.104 |
748.427 |
|
|
DEFERRED TAX LIABILITIES |
3.337 |
17.364 |
33.665 |
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|
|
|
|
|
|
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TOTAL |
724.858 |
847.503 |
1002.547 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
701.749 |
730.561 |
796.809 |
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Capital work-in-progress |
0.000 |
90.925 |
75.274 |
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|
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INVESTMENT |
60.240 |
31.184 |
31.184 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
68.231
|
64.115 |
87.265 |
|
|
Sundry Debtors |
78.472
|
85.474 |
119.076 |
|
|
Cash & Bank Balances |
45.026
|
43.886 |
48.081 |
|
|
Other Current Assets |
3.588
|
3.617 |
0.000 |
|
|
Loans & Advances |
75.321
|
91.802 |
121.773 |
|
Total
Current Assets |
270.638
|
288.894 |
376.195 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
97.188
|
139.417 |
251.218 |
|
|
Other Current Liabilities |
207.484
|
152.685 |
24.306 |
|
|
Provisions |
3.097
|
1.959 |
1.391 |
|
Total
Current Liabilities |
307.769
|
294.061 |
276.915 |
|
|
Net Current Assets |
(37.131)
|
(5.167) |
99.280 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
724.858 |
847.503 |
1002.547 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Turnover |
328.300 |
311.500 |
1045.600 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
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EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
NA |
NA |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
124.000 |
62.100 |
178.900 |
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
82.500 |
71.000 |
84.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
41.500 |
(8.900) |
94.700 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
58.500 |
57.800 |
74.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(17.000) |
(66.700) |
20.200 |
|
|
|
|
|
|
|
|
|
|
TAX |
(14.000) |
(16.300) |
10.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(3.000) |
(50.400) |
10.100 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
50.300 |
100.700 |
92.500 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
2.000 |
|
|
BALANCE CARRIED
TO THE B/S |
47.300 |
50.300 |
100.600 |
|
|
|
|
|
|
|
|
|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B Value of exports |
2.077 |
2.004 |
78.442 |
|
|
TOTAL EARNINGS |
2.077 |
2.004 |
78.442 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
0.000 |
12.607 |
8.535 |
|
|
|
Foreign Currency loan repayment Including interest |
19.597 |
9.262 |
55.417 |
|
|
TOTAL IMPORTS |
19.597 |
21.869 |
63.952 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(0.46) |
(7.64) |
1.54 |
|
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%20PRIVATE%20LIMITED%20-%20218909%2024-Apr-2013_files/image002.gif){kind=small}
%20PRIVATE%20LIMITED%20-%20218909%2024-Apr-2013_files/image003.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(5.18)
|
(21.41) |
1.93 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.75)
|
(6.54) |
1.72 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.10)
|
(0.39) |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.32
|
3.88 |
3.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.88
|
0.98 |
1.36 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDIT
DETAILS
(Rs
in Millions)
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Creditors due others |
97.188
|
139.417 |
251.218 |
|
Total |
97.188
|
139.417 |
251.218 |
|
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% |
---------------------- |
|
14] |
Estimation for coming financial year |
No |
|
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 |
---------------------- |
|
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 |
No |
NOTE:
The registered office of the company has been shifted from 6, Datta Mandir Road, Near Jayant Oil Mill,
Bhandup (West), Mumbai – 400078, Maharashtra, India to present address w.e.f. 01.03.2011
OPERATIONS AND
EXPANSION
The Company has achieved a turnover of Rs. 328.300 Millions (Previous Year Rs.311.500 Millions). The company is striving to improve and exploring new venues of domestic and international markets.
BANKERS CHARGES REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U85110MH1987PTC042166 |
|
Name of the
company |
PRINT HOUSE
(INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
R - 847/2, T. T. C. Industrial Area, M. I. D. C., Rabale, Navi Mumbai –
400701, Maharashtra, India |
|
This form is for |
Creation of charge |
|
Type of charge |
· Book debts · Movable property (not being pledge) |
|
Particular of
charge holder |
The Bharat Co-Operative Bank Limited, Bhandup Branch, Gautam Udyog Bhavan, L.B.S. Marg, Bhandup(West), Mumbai - 400078, Maharashtra, India |
|
Nature of
instrument creating charge |
1. Hypothecation
of Tangible Moveable Property 2. Agreement For
Creating Charge On Book Debts (Both The Above
Documents Constitute A Single Charge) |
|
Date of
instrument Creating the charge |
09.11.2012 |
|
Amount secured by
the charge |
Rs. 12.000 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest @ 17.45%
p.a. with monthly rests or such other rate as agreed between the Borrower
Company and the Bank from time to time. Penal Interest in addition to agreed
rate in case of default. Terms of Repayment Repayment, as
agreed between the Borrower Company and the Bank from time to time. Margin Margin rate, as
agreed between the Borrower Company and the Bank from time to time. Extent and Operation of the charge At the request of
the borrower company the Bank has sanctioned the term loan of Rs. 12.000
Millons against Hypothecation of Stock, existing Plant and Machinery and Book
Debts of the Company. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of Stock, existing Plant and Machinery and Book Debts of the Company. |
UNSECURED LOAN
(Rs in Millions)
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
Loans and advances from Related Parties Unsecured, considered good |
4.472 |
0.195 |
|
Standard Chartered |
63.283 |
53.960 |
|
Others |
0.000 |
3.046 |
|
Total |
67.755 |
57.201 |
CONTINGENT
LIABILITIES NOT PROVIDED FOR IN RESPECT OF:
i) Custom duty which may arise if obligation for export is not fulfilled against import of machineries is Rs. 60.600 Millions (previous year Rs. 77.600 Millions).
ii) Bank Guarantee on behalf of the company of Rs. 27.500 Millions (previous year Rs. 30.100 Millions) has been furnished to various Government Authorities.
iii) Bank Guarantee on behalf of a associate company of Rs.524.000 Millions (previous year 182.500 Millions) has been furnished to Bank.
FIXED ASSETS
· Land
· Factory Building
· Plant and Machineries
· Office Equipments and Installations
· Furniture and Fixtures
· Computer and Accessories
· Motor Vehicles
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No 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. 54.30 |
|
|
1 |
Rs. 82.88 |
|
Euro |
1 |
Rs. 70.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
UDS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
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 |
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 |
|
27 |
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.