MIRA
INFORM REPORT
|
Report Date : |
05.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJHANS SILK MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Rajhans House, 3rd Floor, Opposite Gitanjali Petrol Pump,
Varachha Road, Surat-395006, Gujarat |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
30.07.1997 |
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|
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|
Com. Reg. No.: |
032739 |
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|
Capital Investment
/ Paid-up Capital : |
Rs.14.993
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1997PTC032739 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Subject is engaged in the business of Dyeing of Art Silk, Cloth on Job
Work Basis and Running a Dyeing and Printing Mill. |
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|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 117000 |
|
|
|
|
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 moderate track record. The
profit margin of the company appears to be low. However, trade relations are fair.
Business is active. Payment terms are reported as 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.
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says the
latest India Development Update report released by the World Bank. The report
says that the adverse effects of rupee depreciation are likely to be offset by
the gains in the exports performance due to improved external competitiveness.
Since May this year, the local currency has depreciated substantially and fell
to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
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 DECLINED
Management non co-operative [91-261-2551129]
LOCATIONS
|
Registered Office : |
Rajhans House, 3rd Floor, Opposite Gitanjali Petrol Pump,
Varachha Road, Surat-395006, Gujarat, India
|
|
Tel. No.: |
91-261-2551129/ 2553307/ 2541456/ 2503041/ 42 |
|
Fax No.: |
91-261-2541496 |
|
E-Mail : |
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|
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Factory : |
Plot No. 2/278, GIDC, Sachin, Surat-394230, Gujarat, India |
|
Tel No.: |
91-261-2398905/ 06/ 07 |
DIRECTORS
AS ON 24.09.2012
|
Name : |
Mr. Sanjaykumar Shivlal Jain |
|
Designation : |
Director |
|
Address : |
A-57, Shaify Society, Lambehanuman Road, Surat-395006, Gujarat, India |
|
Date of Birth/Age : |
01.05.1980 |
|
Date of Appointment : |
16.12.2010 |
|
Din No.: |
00110592 |
|
|
|
|
Name : |
Mr. Shivlal Gokulchand Jain |
|
Designation : |
Director |
|
Address : |
A-57, Shaify Society, Lambehanuman Road, Surat-395006, Gujarat, India |
|
Date of Birth/Age : |
01.01.1958 |
|
Date of Appointment : |
16.12.2010 |
|
Din No.: |
00061146 |
|
|
|
|
Name : |
Mr. Jayesh Batukrai Desai |
|
Designation : |
Director |
|
Address : |
804, Amidhara Apartment, Behind Sarjan Society, Athwalines,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
01.07.1969 |
|
Date of Appointment : |
30.07.1997 |
|
Din No.: |
00060977 |
|
|
|
|
Name : |
Mr. Vijaykumar Batukrai Desai |
|
Designation : |
Director |
|
Address : |
804, Amidhara Apartment, Behind Sarjan Society, Athwalines,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
28.04.1971 |
|
Date of Appointment : |
27.01.2010 |
|
Din No.: |
00061000 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Jayesh Batukbhai Desai |
|
573700 |
|
Bhumi Desai |
|
10100 |
|
Batukrai Desai |
|
100 |
|
Vijay Desai |
|
515200 |
|
Batukrai Desai HUF |
|
100 |
|
Heroic Multitrade Private Limited, India |
|
100000 |
|
Sagar Tradelink Private Limited, India |
|
200000 |
|
Toplight Tradelink Private Limited, India |
|
100000 |
|
Shivlal G. Jain |
|
100 |
|
|
|
|
|
TOTAL
|
|
1499300 |
AS ON 24.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
73.32 |
|
Other
top fifty shareholders |
|
26.68 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of Dyeing of Art Silk, Cloth on Job
Work Basis and Running a Dyeing and Printing Mill. |
|
|
|
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
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Bankers : |
Small Industries Development Bank of India, 303, Meridian Tower, Near
Rajkumar Talkies, Udhna Darwaja, Surat, Gujarat, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
K A Sanghavi and Company Chartered Accountants |
|
Address : |
504, Jolly Plaza, Beside Government Polytechnic College, Athwagate, Surat-395001,
Gujarat, India |
|
Mobile No.: |
91-9925110405/ 9825279684 |
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E-Mail : |
|
|
PAN No: |
AAEFK1866G |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1499300 |
Equity Shares |
Rs.10/- each
|
Rs.14.993
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.993 |
14.993 |
14.993 |
|
(b) Reserves & Surplus |
14.419 |
13.698 |
13.229 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
29.412 |
28.691 |
28.222 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
36.052 |
48.905 |
7.961 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
36.052 |
48.905 |
7.961 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
25.711 |
0.409 |
32.683 |
|
(b)
Trade payables |
12.052 |
17.592 |
14.876 |
|
(c)
Other current liabilities |
1.655 |
3.740 |
4.586 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
39.418 |
21.741 |
52.145 |
|
|
|
|
|
|
TOTAL |
104.882 |
99.337 |
88.328 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
27.258 |
29.491 |
31.070 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
24.919 |
24.919 |
25.289 |
|
(c) Deferred tax
assets (net) |
0.418 |
0.607 |
0.329 |
|
(d) Long-term Loan and Advances |
3.017 |
2.785 |
1.493 |
|
(e) Other
Non-current assets |
14.007 |
11.814 |
6.352 |
|
Total Non-Current
Assets |
69.619 |
69.616 |
64.533 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
5.237 |
8.125 |
2.841 |
|
(c)
Trade receivables |
20.450 |
14.467 |
13.854 |
|
(d) Cash
and cash equivalents |
4.994 |
2.131 |
2.850 |
|
(e)
Short-term loans and advances |
3.993 |
4.313 |
4.177 |
|
(f)
Other current assets |
0.589 |
0.685 |
0.073 |
|
Total
Current Assets |
35.263 |
29.721 |
23.795 |
|
|
|
|
|
|
TOTAL |
104.882 |
99.337 |
88.328 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
117.520 |
95.415 |
85.207 |
|
|
|
Other Income |
0.341 |
0.076 |
0.052 |
|
|
|
TOTAL |
117.861 |
95.491 |
85.259 |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
64.685 |
49.209 |
|
|
|
|
Employee Benefits Expenses |
7.584 |
7.052 |
|
|
|
|
Changes in Inventories |
0.049 |
(0.067) |
82.968 [Including
Financial Expenses] |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
12.563 |
11.309 |
|
|
|
|
|
|
|
|
|
|
|
FINANCIAL
EXPENSES |
7.221 |
7.062 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.342 |
4.247 |
2.291 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
4.219 |
4.012 |
3.723 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
1.123 |
0.235 |
(1.432) |
|
|
|
|
|
|
|
|
|
|
TAX |
0.403 |
(0.234) |
0.193 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
0.720 |
0.469 |
(1.625) |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
0.49 |
0.31 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.61
|
0.49 |
(1.91) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.95
|
0.25 |
(1.68) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.41
|
0.32 |
(2.28) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.01 |
(0.05) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.10
|
1.72 |
1.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.89
|
1.37 |
0.45 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT MATURITIES OF LONG TERM
DEBT: NOT AVAILABLE
|
Sr. No. |
Check List by
Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
|
CASE DETAILS HIGH COURT OF
GUJARAT TAX APPEAL No.
1854 of 2008 |
||||||||||||||||||||
|
Status: PENDING
(Converted from : ST/3847/2008) CCIN No : 001092200801854 Last Listing Date: 09/12/2009 Coram: HONOURABLE MR.JUSTICE K.A.PUJ HONOURABLE
MR.JUSTICE RAJESH H.SHUKLA |
||||||||||||||||||||
|
S. NO. |
Name of the Petitioner |
Advocate On Record |
||||||||||||||||||
|
1 |
COMMISSIONER OF CENTRAL EXCISE & CUSTOMS SURAT-II |
MR RJ OZA for: Appellant(s) |
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|
S. NO. |
Name of the Respondent |
Advocate On Record |
||||||||||||||||||
|
1 |
RAJHANS SILK MILLS PRIVATE LIMITED |
RULE SERVED for :Opponent(s) |
||||||||||||||||||
|
Presented On : 04/12/2008 Registered
On : 04/12/2008 Bench Category : DIVISION BENCH District : SURAT Case Originated From: THROUGH ADVOCATE Listed : 123
times Stage Name : FOR FINAL
HEARING - TAX MATTERS
Act
- CENTRAL EXCISES
AND SALT ACT, 1944 |
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|
OFFICE DETAILS |
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|
S. No. |
Filing Date |
Document Name |
Advocate Name |
Court Fee on
Document |
Document Details |
|||||||||||||||
|
1 |
15/08/2008 |
DOCUMENT |
RULE SERVED |
- |
RULE SERVED:1 |
|||||||||||||||
|
2 |
04/12/2008 |
CERTIFIED COPY |
MR RJ OZA ADVOCATE |
6 |
MR RJ OZA:1 |
|||||||||||||||
|
3 |
04/12/2008 |
MEMO OF APPEAL/PETITION/SUIT |
MR RJ OZA ADVOCATE |
50 |
MR RJ OZA:1 |
|||||||||||||||
|
COURT
PROCEEDINGS |
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|
S. No. |
Notified Date |
Court Code |
Board Sr. No. |
Stage |
Action |
Coram |
||||||||||||||
|
1 |
09/12/2009 |
10 |
- |
FOR FINAL HEARING - TAX MATTERS |
FIXED RULE / ADMIT |
·
HONOURABLE MR.JUSTICE K.A.PUJ ·
HONOURABLE MR.JUSTICE RAJESH H.SHUKLA |
||||||||||||||
|
AVAILABLE ORDERS |
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|
S. No. |
Case Details |
Judge Name |
Order Date |
CAV |
Judgement |
|
||||||||||||||
|
1 |
TAX APPEAL/1854/2008 |
·
HONOURABLE MR.JUSTICE K.A.PUJ ·
HONOURABLE MR.JUSTICE RAJESH H.SHUKLA |
23/11/2009 |
N |
ORDER |
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|
CERTIFIED COPY |
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|
S. No. |
Applicant Name |
Application Type |
Application Date |
UOL Number |
Order Date |
Notify Date |
Delivery Date |
Status |
Nature of Document |
|||||||||||
|
1 |
MR RJ OZA |
|
24/11/2009 |
U/18690/2009 |
23/11/2009 |
26/11/2009 |
27/11/2009 |
Delivered |
ORDER |
|||||||||||
INDEX OF CHARGES: NO CHARGES EXIST FOR COMPANY.
NOTE:
The registered office of the company has been shifted from B/210-211, Yash Plaza Complex, Opposite Dhanamal Compound, Varachha Road, Surat-395006, Gujarat, India to the present address w.e.f.02.08.2010.
BACKGROUND:
Subject was incorporated on 30.07.1997 as a
private limited company. The company is engaged in the business of dyeing of art silk,
cloth on job work basis and running a dyeing and printing mill at GIDC, Sachin,
Surat.
RESULT OF OPERATION:
The operational income of the company increase from Rs.95.415 Millions to Rs.117.520 Millions. The total expenditure also increase from Rs.95.255 Millions to Rs.116.737 Millions. The company has earned net profit before tax of Rs.0.720 Million as against net profit before tax Rs.0.469 Million of the previous year. However, the directors are hopeful for the even better performance and results in subsequent years.
|
Unsecured Loan |
As
on 31.03.2013 [Rs.
in Millions] |
As
on 31.03.2012 [Rs.
in Millions] |
|
Long Term
Borrowings |
|
|
|
Loan and Advances From Related Parties |
31.641 |
12.734 |
|
Others |
0.521 |
0.315 |
|
TOTAL
|
32.162 |
13.049 |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Office Equipment
·
Mobile Phone
·
Furniture and Fixtures
·
Vehicles
·
Motor Cycle
·
Motor Car
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper payments
to government officials for engaging in prohibited transactions or with
designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
|
|
1 |
Rs.102.18 |
|
Euro |
1 |
Rs.84.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.