|
Report Date : |
10.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREE BALKISHAN DYEING AND PRINTING MILLS PRIVATE LIMITED (AMBAJI) (w.e.f.27.05.1996) |
|
|
|
|
Formerly Known
As : |
AMBAJI SYNTHETICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
394, GIDC, Pandesara, Surat – 394221, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
24.08.1987 |
|
|
|
|
Com. Reg. No.: |
04-009918 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 12.500
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1987PTC009918 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS00009C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB9828J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Dyeing and Printing of Textiles. |
|
|
|
|
No. of Employees
: |
400 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 132000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The net profitability of the company has seen a drastic dip as well as
the profit margin appears to be low. However, the financial position seems to
be average marked by decent sales volume during 2013. Trade relations are 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.
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 PARTED BY
|
Name : |
Mr. Sohan |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-261-2890196 |
|
Date : |
07.12.2013 |
LOCATIONS
|
Registered Office/ Factory : |
394, GIDC, Pandesara, Surat – 394221, Gujarat, India |
|
Tel. No.: |
91-261-2890191 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Gaurishankar Balkishan Kokra |
|
Designation : |
Director |
|
Address : |
28, Swami Society, Piplod, Surat – 395007, Gujarat, India |
|
Date of Appointment : |
05.08.2004 |
|
DIN No.: |
00192545 |
|
|
|
|
Name : |
Mr. Shashikant Gourishankar Kokra |
|
Designation : |
Director |
|
Address : |
28, Swami Society, Piplod, Surat – 395007, Gujarat, India |
|
Date of Birth/Age : |
21.09.1974 |
|
Date of Appointment : |
01.04.2011 |
|
DIN No.: |
00192580 |
|
|
|
|
Name : |
Mr. Kanhaiyalal Balkishan Kokra |
|
Designation : |
Director |
|
Address : |
28, Swami Society, Piplod, Surat – 395007, Gujarat, India |
|
Date of Appointment : |
05.08.2004 |
|
DIN No.: |
00192614 |
|
|
|
|
Name : |
Mr. Vishal Kanhiyalal Kokra |
|
Designation : |
Director |
|
Address : |
28, Swami Society, Piplod, Surat – 395007, Gujarat, India |
|
Date of Appointment : |
28.03.2005 |
|
DIN No.: |
00201424 |
|
|
|
|
Name : |
Mr. Sanjay Gourishanker Kokra |
|
Designation : |
Director |
|
Address : |
28, Swami Society, Piplod, Surat – 395007, Gujarat, India |
|
Date of Appointment : |
21.07.2009 |
|
DIN No.: |
02608323 |
KEY EXECUTIVES
|
Name : |
Mr. Sohan |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Gaurishankar Kokra |
|
24900 |
|
Shashikant G. Kokra |
|
2750 |
|
Deepika S. Kokra |
|
8000 |
|
Sanjay Kokra |
|
8100 |
|
Shashikant G Kokra HUF |
|
2000 |
|
Gaurishankar Kokra HUF |
|
8750 |
|
Sanjay Kokra-HUF |
|
2000 |
|
Sarlta Sanjay Kokra |
|
11000 |
|
Vedansh Kokra Benefit Trust |
|
1600 |
|
Isham Kokra Benefit Trust |
|
1700 |
|
Kan Haiyalal Kokra |
|
16700 |
|
Urmiladevl K. Kokra |
|
1500 |
|
Pooja Bansal |
|
3400 |
|
Kanhaiyalal Kokra - HUF |
|
7600 |
|
Vishal Kokra |
|
1000 |
|
Ruchita Vishal Kokra |
|
2840 |
|
Riyahna Kokra Benefit Trust |
|
3750 |
|
Karishma Joshi |
|
1500 |
|
Narendra Joshi |
|
1350 |
|
Laxmiben Joshi |
|
5000 |
|
Nilkanth Joshi |
|
800 |
|
Bhawarlal Joshi |
|
5050 |
|
B. K. Joshi - HUF |
|
3710 |
|
|
|
|
|
Total |
|
125000 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
13.00 |
|
Directors
or relatives of directors |
85.72 |
|
Others |
1.28 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dyeing and Printing of Textiles. |
|
|
|
|
Terms : |
|
|
Selling : |
L/C and Credit |
|
|
|
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS (AS ON 31.03.2013)
Licensed Capacity:
NA
Installed Capacity
(Mtrs.): 81 Lacs
Actual Production
(Process Cloth): 30552250.50
GENERAL INFORMATION
|
Customers : |
End Users |
|||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||
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No. of Employees : |
400 (Approximately) |
|||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||
|
Bankers : |
· Bank of Baroda, Sagrampura Branch, Near Putli, Sagrampura, Surat - 395003, Gujarat, India [Tel No.: 91-261-2332498] Axis Bank Limited |
|||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
R K G and Company Chartered Accountants |
|
Address : |
R K G House, 2/1401 - 1402, Hanuman Sheri, Behind Kiran
Chember, Ring Road, Surat – 395002, Gujarat, India |
|
|
|
|
Other Related Parties : |
· Shree Salasar Creations Private Limited Ishan Kokra Benefit Trust Vedansh Kokra Benefit Trust Riyahna Kokra Benefit Trust Vedansh Sarees Balkishan Silk Mills |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125,000 |
Equity Shares |
Rs. 100/- each |
Rs. 12.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
125,000 |
Equity Shares |
Rs. 100/- each |
Rs. 12.500
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 |
12.500 |
12.500 |
12.500 |
|
(b) Reserves & Surplus |
20.495 |
19.475 |
17.470 |
|
(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) |
32.995 |
31.975 |
29.970 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
19.443 |
13.117 |
21.830 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.079 |
0.178 |
|
(c) Other long
term liabilities |
0.152 |
0.166 |
0.000 |
|
(d) long-term
provisions |
0.292 |
0.261 |
0.230 |
|
Total Non-current
Liabilities (3) |
19.887 |
13.623 |
22.238 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
28.487 |
14.677 |
0.000 |
|
(b)
Trade payables |
46.089 |
42.053 |
29.567 |
|
(c) Other
current liabilities |
0.287 |
0.211 |
0.141 |
|
(d) Short-term
provisions |
0.930 |
0.756 |
0.656 |
|
Total Current
Liabilities (4) |
75.793 |
57.697 |
30.364 |
|
|
|
|
|
|
TOTAL |
128.675 |
103.295 |
82.572 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
25.212 |
28.748 |
28.184 |
|
(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 |
6.333 |
5.237 |
3.552 |
|
(c) Deferred tax assets (net) |
0.208 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.051 |
5.878 |
8.680 |
|
(e) Other
Non-current assets |
2.803 |
0.642 |
0.758 |
|
Total Non-Current
Assets |
40.607 |
40.505 |
41.174 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
7.786 |
10.992 |
6.936 |
|
(c)
Trade receivables |
52.984 |
38.246 |
26.062 |
|
(d) Cash
and cash equivalents |
6.732 |
0.211 |
0.768 |
|
(e)
Short-term loans and advances |
20.566 |
13.341 |
7.632 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
88.068 |
62.790 |
41.398 |
|
|
|
|
|
|
TOTAL |
128.675 |
103.295 |
82.572 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
264.702 |
197.902 |
187.209 |
|
|
|
Other Income |
1.105 |
2.117 |
0.402 |
|
|
|
TOTAL (A) |
265.807 |
200.019 |
187.611 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
86.563 |
65.261 |
62.619 |
|
|
|
Changes in inventories of finished goods, work in progress and stock
in trade |
0.775 |
(0.914) |
(0.569) |
|
|
|
Employee benefit Expenses |
41.133 |
35.188 |
35.257 |
|
|
|
Other Expenses |
126.124 |
88.700 |
82.082 |
|
|
|
TOTAL (B) |
254.595 |
188.235 |
179.389 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
11.212 |
11.784 |
8.222 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.862 |
3.197 |
1.799 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.350 |
8.587 |
6.423 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.813 |
6.094 |
6.064 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.537 |
2.493 |
0.359 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.517 |
0.489 |
0.161 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.020 |
2.004 |
0.198 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.16 |
16.04 |
1.58 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.38
|
1.00 |
0.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.58
|
1.26 |
0.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.26
|
2.54 |
0.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05
|
0.08 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.45
|
0.87 |
0.73 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16
|
1.09 |
1.36 |
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 |
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) |
No |
|
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 |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10116349 |
21/10/2010 * |
22,650,000.00 |
BANK OF BARODA |
SAGRAMPURA BRANCH, SURAT - 395003, GUJARAT, INDIA |
A98178601 |
|
2 |
90102130 |
10/10/2001 |
500,000.00 |
CORPORATION BANK |
SURAT, GUJARAT, INDIA |
- |
|
3 |
80020489 |
08/03/2013 * |
40,817,000.00 |
BANK OF BARODA |
SAGRAMPURA BRANCH, NEAR PUTLI, SAGRAMPURA,, SURAT - 395003, GUJARAT, INDIA |
B70362959 |
|
4 |
90096619 |
10/04/2012 * |
84,915,000.00 |
BANK OF BARODA |
SAGRAMPURA BRANCH, SURAT - 395003, GUJARAT, INDIA |
B37877289 |
|
5 |
90101655 |
07/03/1996 |
400,000.00 |
CORPORATION BANK |
SURAT, GUJARAT, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advances from related parties The Unsecured loans carry interest around 15%. The closing balance of
unsecured loans are confirmed by respective parties. |
18.719 |
11.189 |
|
|
|
|
|
Total |
18.719 |
11.189 |
CHANGE OF ADDRESS:
The registered office has been shifted from S-149, Under Ground, J J
Airconditioned Market, Ring Road, Surat – 395002, Gujarat, India to the present
w.e.f. 15.10.2007.
CORPORATE
INFORMATION
The Company is a private limited company and engaged in the business of
Dyeing and Printing of fabrics on behalf of customer on job work basis.
REVIEW OF
OPERATIONS
During the year, the Companies total turnover was Rs. 264.702 Millions
and the net profit for the year was of Rs. 1.020 Millions as against Rs. 2.004
Millions during the previous financial year. The Directors are continuously
looking for avenues for future growth of the Company.
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
S.M.C Water Charge |
3.600 |
3.600 |
|
VAT |
0.200 |
0.200 |
|
|
|
|
|
Total |
3.800 |
3.800 |
FIXED ASSETS:
· Land
Factory
Building
Plant
and Machinery
Generator
Furniture
and Fixture
Air
Conditioner
Vehicles
Computers
Lab
Equipments
Office
Equipments
Other
Vehicles
Flat
Shop
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. 61.18 |
|
|
1 |
Rs. 100.01 |
|
Euro |
1 |
Rs. 83.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.