MIRA
INFORM REPORT
|
Report Date : |
27.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
DELTA NUTRITIVES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
DELTA CHEM IMPEX PRIVTE LIMITED |
|
|
|
|
Registered Office
: |
B-312, Antop Hill Warehousing Complex, Vidyalankar College Road,
Wadala (East), Mumbai-400037, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.11.2002 |
|
|
|
|
Com. Reg. No.: |
11-137794 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.901 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51397MH2002PTC137794 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD09817D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD6163B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importer and Trader of Bakery used ingredients like bread mixes,
Chocolates, Toppings, Cake Mixes, etc. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 95000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
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.
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. Sachin Patil |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9819849687 |
|
Date : |
25.04.2013 |
LOCATIONS
|
Registered Office / Corporate Office: |
B-312, Antop Hill, Warehousing Complex, |
|
Tel No.: |
91-22-66621093/ 94 |
|
Mobile No.: |
91-9819849687 (Mr. Sachin Patil) |
|
Fax No.: |
91-22-67357709 |
|
E mail: |
|
|
Website : |
|
|
Area : |
500 sq.ft. |
|
Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Rajesh Indulal Sanghvi |
|
Designation : |
Director |
|
Address : |
C-701, Lloyd Estate, Salt Pan Road, Sangam Nagar, Mumbai- 400037, Maharashtra, India |
|
Date of Birth/Age : |
23.09.1960 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
07.11.2002 |
|
DIN No.: |
00537998 |
|
|
|
|
Name : |
Mr. Prakash Indulal Sanghvi |
|
Designation : |
Director |
|
Address : |
40/10, Upendra, Sewree Wadala Road, King Circle, Mumbai-400019,
Maharashtra, India |
|
Date of Birth/Age : |
12.03.1963 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
07.11.2002 |
|
DIN No.: |
00537983 |
|
|
|
|
Name : |
Ms. Kinnari Manish Mehta |
|
Designation : |
Director |
|
Address : |
521/ |
|
Date of Birth/Age : |
10.11.1968 |
|
Date of Appointment : |
22.11.2007 |
|
DIN No.: |
00232552 |
|
|
|
|
Name : |
Ms. Preeti Sanjay Mehta |
|
Designation : |
Director |
|
Address : |
521/ |
|
Date of Birth/Age : |
03.11.1972 |
|
Date of Appointment : |
22.11.2007 |
|
DIN No.: |
00232598 |
KEY EXECUTIVES
|
Name : |
Mr. Sachin Patil |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
Note: Shareholding details file attached
Allottees as on 01.03.2013
|
Names of Allottees |
|
No. of Shares |
|
Prakash Indulal Sanghvi |
|
50000 |
|
Rajesh Indulal Sanghvi |
|
50000 |
|
Kinnari Manish Mehta |
|
50000 |
|
Priti Sanjay Mehta |
|
50000 |
|
Total |
|
200000 |
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 : |
Importer and Trader of Bakery used ingredients like bread mixes, Chocolates, Toppings, Cake Mixes, etc. |
|
|
|
|
Imports : |
|
|
Products : |
Chocolates |
|
Countries : |
¨
¨
¨
Singapore |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Puratos Food Ingredients India Private Limited ·
A B Graphics ·
A.S.Enterprises ·
Abirami Enterprise ·
Aster Communications ·
Dev
International · R L Enterprises ·
Heena
Enterprises ·
Interior
Today Exhibition Private Limited ·
Ishwar
Cargo Forwarders (Private) Limited · Paradise Apiary Farm |
||||||||||||
|
|
|
||||||||||||
|
Customers : |
End Users ·
Chhaya and Company ·
Danish Food Private Limited ·
Abirami Enterprises ·
Anand Sales ·
B.S. Foods ·
Chhaya and Company ·
Drums Foods International ·
High Growth Associates ·
Kiran Trader ·
Maa Enterprises ·
Pinal Naturals |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
40 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
·
Vijaya Bank Chira Bazar Branch, Mumbai - 400002,
Maharashtra, India ·
The Shamrao Vithal Co-operative Bank Limited,
8/1, Saraswat Colony, Talmaki Road, Off Linking Road, Santacruz (West),
Mumbai - 400054, Maharashtra, India Tel. No.: 91-22-66999888 |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bhuva and Kanakia Chartered Accountants |
|
Address : |
1, Alankar, Ground Floor, 251, Sion Main Road, Sion (West), Mumbai-
400022,
Maharashtra, India |
|
Tel. No.: |
91-22-24070092 / 24070093 |
|
Fax No.: |
91-22-24097878 |
|
PAN No.: |
AADFB5164F |
CAPITAL STRUCTURE
After 29.09.2012
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 |
|
|
|
|
|
|
690060 |
Equity Shares |
Rs.10/- each |
Rs. 6.901 Millions |
|
|
|
|
|
As on 29.09.2012
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 |
|
|
|
|
|
|
490060 |
Equity Shares |
Rs.10/- each |
Rs. 4.901 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 |
4.901 |
4.901 |
2.101 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
18.752 |
12.480 |
6.950 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
23.653 |
17.381 |
9.051 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.720 |
0.000 |
0.279 |
|
|
2] Unsecured Loans |
63.228 |
38.091 |
23.202 |
|
|
TOTAL BORROWING |
66.948 |
38.091 |
23.481 |
|
|
DEFERRED TAX LIABILITIES |
0.386 |
0.157 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
90.987 |
55.629 |
32.532 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
18.703 |
12.841 |
2.412 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.013 |
0.013 |
0.005 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
50.310
|
31.456 |
14.985 |
|
|
Sundry Debtors |
33.971
|
21.576 |
14.653 |
|
|
Cash & Bank Balances |
1.568
|
2.047 |
0.271 |
|
|
Other Current Assets |
0.183
|
1.112 |
10.846 |
|
|
Loans & Advances |
15.648
|
9.150 |
3.748 |
|
Total
Current Assets |
101.680
|
65.341 |
44.503 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
24.899
|
16.952 |
9.685 |
|
|
Other Current Liabilities |
1.934
|
3.348 |
3.120 |
|
|
Provisions |
2.576
|
2.266 |
1.583 |
|
Total
Current Liabilities |
29.409
|
22.566 |
14.388 |
|
|
Net Current Assets |
72.271
|
42.775 |
30.115 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
90.987 |
55.629 |
32.532 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
NA |
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
251.603 |
NA |
131.678 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
NA |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
242.527 |
NA |
126.838 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
9.076 |
NA |
4.840 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.805 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
NA |
NA |
NA |
|
Expected Sales (2012-2013): Above Rs. 340.000 Millions
The above information has been parted by Mr. Sachin Patil (Accounts
Department)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.54
|
NA |
10.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.38
|
NA |
0.53 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.83
|
2.19 |
2.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.46
|
2.90 |
3.09 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditor |
24.899
|
16.952 |
9.685 |
|
|
|
|
|
|
Total |
24.899
|
16.952 |
9.685 |
SUNDRY CREDITOR
(PARTIAL DETAILS)
(Rs.
In millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Alpha Logistics Intl. |
0.429 |
0.000 |
NA |
|
Barry Callebaut Belgium N.V. |
5.376 |
4.356 |
NA |
|
Barry Callebaut India Private Limited |
3.931
|
6.345
|
NA |
|
Dia Naturals, Inc. |
1.643 |
0.000 |
NA |
|
Dara Agro Products |
0.412 |
0.000 |
NA |
|
Interior Today Exhibition Private Limited |
0.286
|
0.000
|
NA |
|
Paradise Aplary Farm |
1.294
|
0.234
|
NA |
|
SDK Chemical Asia Pte. Limited |
2.462
|
0.000
|
NA |
|
Rishi Ice and Cold Storage Private Limited |
0.210
|
0.000
|
NA |
|
Savla Foods and Cold Storage Private Limited |
0.366
|
0.259
|
NA |
|
V-Xpress |
0.329 |
0.163 |
NA |
|
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
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 40/10,
Upendrasewree, Wadala Roaf, King Circle, Mumbai-400019, Maharashtra, India to
the present address w.e.f. 19.08.2010
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
From Director |
0.800 |
0.800 |
|
From Shareholders |
21.015 |
16.115 |
|
From Bank |
1.518 |
2.849 |
|
Bank Overdraft Balance |
39.895 |
18.327 |
|
Total |
63.228
|
38.091 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U51397MH2002PTC137794 |
|
Name of the company |
DELTA NUTRITIVES PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
B-312, Antop Hill Warehousing Complex, Vidyalankar College Road, Wadala (East), Mumbai-400037, Maharashtra, India E-mail: deltachem@vsnl.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10257327 |
|
Type of charge |
Immovable property Any interest in immovable property |
|
Particular of charge holder |
The Shamrao Vithal Co-operative Bank Limited, 8/1, Saraswat Colony, Talmaki Road, Off Linking Road, Santacruz (West), Mumbai - 400054, Maharashtra, India Email: legaldept@svcbank.com |
|
Nature of instrument creating charge |
Recording letter evidencing deposit of title deeds |
|
Date of instrument Creating the charge |
28.06.2012 |
|
Amount secured by the charge |
Rs.61.200 millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As may be decided by the bank from time to time Terms of Repayment As may be decided by the bank from time to time Margin As may be decided by bank from time to time Extent and Operation of the charge To secure due repayment of credit facilities aggregating Rs.61.200 millions, together with cost, interest, expenses and charges thereof, advanced by the Bank, to the Company. Others Total Facilities: Cash Credit - Rs.47.000 millions (enhanced by Rs.21.000 millions) TL - Rs.4.200 millions L/C - Rs.10.000 millions ------------------------------------ Total : Rs.61.200 millions From time to time, ad hoc limit in CC of Rs.5.000 millions has been cancelled. Interchangeability between Cash Credit of Rs.47.000 millions and import L/C facility to the extent of Rs.10.000 millions. Thus the total limit towards cash credit and import L/C should not exceed Rs.57.000 millions at any given point of time. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Linkage in respect of 1) Unit No.B-312, 3rd floor, B Wing, admeas. about 500 sq.ft. built-up area, Antop Hill Warehousing Complex, VIT College Road, Wadala (East), Mumbai – 37 2) Unit No.B-239, admeas. about 568 sq.ft.built-up area B Wing, Antop Hill Warehousing Complex, VIT College Road, Wadala (East), Mumbai – 37 3)Unit bearing No.308 admeasuring 568 Sq.ft. Built Up Area ,3rd Flr. "B" Wing Antop Hill Warehousing complex, Acme company Road (Salt Pan Division) Near V.I.T. college Road, Wadala (East), Mumbai-400037 |
|
Date of instrument modifying the charge |
15.09.2011 |
|
Particulars of the present modification |
By this modification, Cash credit facility has been enhanced from Rs.26.000 millions to Rs.47.000 millions and Term loan has been granted for Rs.4.200 millions. Ad hoc limit of Rs.5.000 millions has been cancelled. (Interchangeability between Cash Credit of Rs.47.000 millions and Import L/C facility to the extent of Rs.10.000 millions. Thus the total limit towards cash credit and Import L/C should not exceed Rs.57.000 millions at any given point of time.). Thus the overall facilities stand modified to Rs.61.200 millions. |
FIXED ASSETS
·
Godown Premises
·
Computer and Printer
·
Electrial Equipment
·
Air Conditioner
·
Office Equipment
·
Furniture and Fixture
·
Motor Car and Delivery
Van
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] 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.54.29 |
|
|
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.