|
Report Date : |
27.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
GROVER IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
115, Transport Centre, New Rohtak Road, Near Punjabi Bagh,
Delhi-110035 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.12.1982 |
|
|
|
|
Com. Reg. No.: |
55-014809 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 12.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1982PTC014809 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Exporter of Human Hair and Importer of Spices |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 53000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The financial profit of the company is moderate. However, trade
relations are reported as fair. Business is active. Payment terms are 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.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
B+ (Fund Based Limits) |
|
Rating Explanation |
High risk of default. |
|
Date |
January 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A4 (Non Fund Based Limits) |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
January 2013 |
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 : |
115, Transport Centre, New Rohtak Road, Near Punjabi Bagh,
Delhi-110035, India |
|
Tel. No.: |
91-11-28312398 |
|
Fax No.: |
91-11-28312396 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Pawan Kumar Jain |
|
Designation : |
Director |
|
Address : |
RZ-203 B, Sadh Nagar, Palam Colony, Delhi-110045, India |
|
Date of Birth/Age : |
22.08.1962 |
|
Date of Appointment : |
15.11.2009 |
|
DIN No.: |
00163538 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74899DL1983PTC016102 |
KASHMIR
KATHA INDUSTRIES PRIVATE LIMITED |
Director |
13-01-93 |
13-01-93 |
- |
Active |
NO |
|
2 |
U74999DL1988PLC034342 |
GROVER
INTERNATIONAL LIMITED |
Director |
20-01-95 |
20-01-95 |
- |
Active |
NO |
|
3 |
U74899DL1995PTC069904 |
PRACHI
FINANCIAL SERVICES PRIVATE LIMITED |
Director |
19-06-95 |
19-06-95 |
- |
Active |
NO |
|
4 |
U67120DL1983PLC017020 |
GROVER
LEASING LIMITED |
Director |
06-09-96 |
06-09-96 |
- |
Active |
NO |
|
5 |
U65910DL1986PLC024277 |
SWATI
GROWTH FUNDS LIMITED |
Director |
18-09-97 |
18-09-97 |
- |
Active |
NO |
|
6 |
U74899DL1983PTC016487 |
GROVER
OILS PRIVATE LIMITED |
Director |
03-05-99 |
03-05-99 |
02-05-08 |
Active |
NO |
|
7 |
U74899DL1982PTC014809 |
GROVER
IMPEX PRIVATE LIMITED |
Director |
24-09-10 |
10-07-00 |
- |
Active |
NO |
|
8 |
U65999DL1986PLC025839 |
RASHI
LEASINGS LIMITED |
Director |
31-07-03 |
31-07-03 |
30-11-08 |
Active |
NO |
|
9 |
U01300DL1982PTC014783 |
GROVER
FARMS PRIVATE LIMITED |
Director |
27-01-06 |
27-01-06 |
- |
Active |
NO |
|
Name : |
Mr. Deepak Daing |
|
Designation : |
Director |
|
Address : |
37/22, Ashok Marg, Moti Vihar, Gurgaon-122001, Haryana, India |
|
Date of Birth/Age : |
09.08.1959 |
|
Date of Appointment : |
10.08.2007 |
|
DIN No.: |
00163624 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current designation
of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U15141DL1979PTC009419 |
KASHMIR
VANASPATI PRIVATE LIMITED |
Director |
31-03-99 |
31-03-99 |
- |
Active |
|
|
2 |
U74899DL1983PTC016487 |
GROVER OILS PRIVATE LIMITED |
Director |
14-12-00 |
14-12-00 |
- |
Active |
NO |
|
3 |
U74899DL1979PTC009661 |
GROVER TANKERS
INVESTMENT AND FINANCE PRIVATE LIMITED |
Director |
31-05-01 |
31-05-01 |
- |
Under Process of
Striking off |
NO |
|
4 |
U74899DL1974PTC007416 |
MAZDOOR EXTRACTIONS
PRIVATE LIMITED |
Director |
15-07-02 |
15-07-02 |
- |
Active |
NO |
|
5 |
U65910DL1986PLC024277 |
SWATI GROWTH
FUNDS LIMITED |
Director |
27-01-06 |
27-01-06 |
- |
Active |
NO |
|
6 |
U65999DL1986PLC025839 |
RASHI LEASINGS
LIMITED |
Director |
26-02-06 |
26-02-06 |
30-11-08 |
Active |
NO |
|
7 |
U67120DL1983PLC017020 |
GROVER LEASING
LIMITED |
Director |
20-12-06 |
20-12-06 |
- |
Active |
NO |
|
8 |
U18101DL1988PLC033375 |
ASIAN LATEX
LIMITED |
Director |
21-05-07 |
21-05-07 |
- |
Active |
NO |
|
9 |
U74899DL1982PTC014809 |
GROVER IMPEX
PRIVATE LIMITED |
Director |
10-08-07 |
10-08-07 |
- |
Active |
NO |
|
10 |
U74899DL1983PTC016102 |
KASHMIR KATHA
INDUSTRIES PRIVATE LIMITED |
Director |
30-09-11 |
05-08-11 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
Charanjit Grover |
382631 |
|
Grover Farms Private Limited, India |
300000 |
|
Pawan Jain |
1 |
|
Deepak Daing |
60 |
|
Urvi Grover |
287308 |
|
Mazdoor Extractions Private Limited, India |
280000 |
|
TOTAL
|
1250000 |
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
46.40 |
|
Directors or relatives of Directors |
53.60 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter of Human Hair and Importer of Spices |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, SME Branch, Ajmal Khan Road,
12/56, D. R. Chambers, Desh Bandhu Gupta Road, Karlol Bagh, New Delhi-110005,
India ·
Bank of Baroda, Najafgarh Road Branch, J-2/15,
Rajouri Garden, New Delhi-110027, India ·
The Vysya Bank Limited, G-35, Connaught Place,
New Delhi-110001, Delhi, India · HDFC Bank · HSBC Bank Limited |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Pavan Keshav and Associates Chartered Accountant |
|
Address : |
1/2085, Mansarover Park, Shahdara, New Delhi-110032, India |
|
PAN No.: |
AAKPA4692C |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1250000 |
Equity Shares |
Rs.10/- each |
Rs. 12.500 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 |
12.500 |
12.500 |
5.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.841 |
(0.315) |
(1.286) |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.341 |
12.185 |
3.714 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
10.982 |
23.267 |
11.672 |
|
|
2] Unsecured Loans |
14.699 |
14.194 |
19.438 |
|
|
TOTAL BORROWING |
25.681 |
37.461 |
31.110 |
|
|
DEFERRED TAX LIABILITIES |
0.135 |
0.135 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
39.157 |
49.781 |
34.824 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.816 |
3.457 |
3.316 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.757 |
0.757 |
0.707 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
23.533
|
3.462 |
6.119 |
|
|
Sundry Debtors |
24.162
|
25.073 |
18.239 |
|
|
Cash & Bank Balances |
5.239
|
1.584 |
2.484 |
|
|
Other Current Assets |
0.164
|
0.308 |
0.000 |
|
|
Loans & Advances |
18.359
|
28.561 |
11.594 |
|
Total
Current Assets |
71.457
|
58.988 |
38.436 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
33.358
|
10.291 |
0.000 |
|
|
Other Current Liabilities |
2.270
|
2.542 |
0.000 |
|
|
Provisions |
0.245
|
0.588 |
7.635 |
|
Total
Current Liabilities |
35.873
|
13.421 |
7.635 |
|
|
Net Current Assets |
35.584
|
45.567 |
30.801 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
39.157 |
49.781 |
34.824 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.539 |
2.415 |
1.707 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.701 |
0.851 |
0.563 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1.838 |
1.564 |
1.144 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.682 |
0.592 |
0.177 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
1.156 |
0.972 |
0.967 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(0.315) |
(1.287) |
(2.254) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
0.841 |
(0.315) |
(1.287) |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
3.290 |
37.083 |
NA
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.92 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.47
|
2.50 |
2.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14
|
0.13 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.92
|
3.07 |
8.38 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.99
|
4.40 |
5.03 |
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 |
No |
|
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) |
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 |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Long Term
Borrowings |
|
|
|
Loan and Advance from Corporates |
4.474 |
5.744 |
|
Loan and Advance from Others |
10.225 |
8.450 |
|
|
|
|
|
TOTAL |
14.699 |
14.194 |
NOTE
Registered office has been shifted from 61-62, Transport Centre New
Rohtak Road, Near, Punbai Bagh, New Delhi, India to the present address w.e.f.
05.01.2009
FORM 8
|
Corporate identity
number of the company |
U74899DL1982PTC014809 |
|
Name of the
company |
GROVER IMPEX
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
115, Transport Centre, New Rohtak Road, Near Punjabi Bagh, Delhi-110035, India |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the charge to be modified |
10217444 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge ·
Others |
|
Particular of
charge holder |
State Bank of India, SME Branch, Ajmal Khan Road, 12/56, D. R.
Chambers, Desh Bandhu Gupta Road, Karlol Bagh, New Delhi-110005, India |
|
Nature of
instrument creating charge |
(i) Supplemental
Agreement of Loan Cum Hypothecation (SME-4) (ii) Letter of
Arrangement (SME-1) (iii) Link Letter
(SME-12) |
|
Date of
instrument Creating the charge |
12.02.2013 |
|
Amount secured by
the charge |
Rs. 85.200
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest @ 4.50% above
Base Rate (Base Rate = 9.70% w.e.f.
04.02.2013) with a minimu of 14.20% p.a. with monthly rests Terms of repayment Payable on
demand. Margin Finished goods-25%,
Domestic Receivables -30%, EPC -25% and Letter of Credit-15% Extent and operation of the charge 100% Other The above is to
secure the Credit facilities of Rs 85.200 Millions i.e. Cash Credit (EPC and FBP/FBD
sub limit of Rs 10.000 Millions each with in over all CC limit with 100%
interchange ability between EPC and FBP/FBD) Rs 20.000 Millions, LC/Buyers
Credit Rs 65.000 Millions, NFC Limit Rs 0.200 Million, granted by the Bank to
the company. |
|
Short particulars
of the property charged (Including location of the property) |
Primary Security:
First charge on entire current assets of the company including hypothecation
of its entire stocks lying in the showrooms, stores, go downs, elsewhere and
including goods in transit and all present and future receivables. Collateral
Security: (i) Equitable Mortgage of the residential property situated at 111,
Block G, Palam Vihar, Gurgaon, Haryana, measuring 520 sq. yards, in the name
Sh. Pawan Kumar Jain and Sarika Jain |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Shri. Pawan Kumar
Jain and Smt. Sarika Jain |
|
Date of
instrument modifying the charge |
01.10.2010 |
|
Particulars of
the present modification |
The various
credit facilities enhanced to Rs
85.200 Millions i.e. Cash Credit (EPC
and FBP/FBD sub limit of Rs 10.000 Millions each with in over all CC limit
with 100% interchange ability between EPC and FBP/FBD) Rs 20.000 Millions,
LC/Buyers Credit Rs 65.000 Millions, NFC Limit Rs 0.200 Million. Other terms
and conditions remain the same. |
FIXED ASSETS
·
Computer
·
Scooter
·
Fans
·
Cars
·
Mobile Phone
·
Office Premises
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. 54.29 |
|
|
1 |
Rs. 83.88 |
|
Euro |
1 |
Rs. 70.67 |
INFORMATION DETAILS
|
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 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--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 |
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 |
|
33 |
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.