MIRA
INFORM REPORT
|
Report Date : |
16.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
ROHAN DYES AND INTERMEDIATES LIMITED
|
|
|
|
|
Registered
Office : |
2nd Floor, Pushpawati Building No.2, Chandanwadi, Girgaon,
Mumbai – 400002, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
10.03.1992 |
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|
|
|
Com. Reg. No.: |
11-065834 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 72.933 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24114MH1992PTC065834 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMR06209A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR1848N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and exporter of Dyes and Dyes Intermediates. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
USD 840000 |
|
|
|
|
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 moderate track record. The rating reflects the weak financial profile characterized by
deteriorating profitability levels, high working capital intensity and weak
debt protection metrics. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for business dealing with great 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term fund based limits: “BB”
(Suspended) |
|
Rating Explanation |
Moderate risk of default and high credit
risk. |
|
Date |
December 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based limits: “A4”
(Suspended) |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
December 2013 |
Reason: Absence requisite information from the
company.
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. Alpesh Parmar |
|
Designation : |
Director |
|
Contact No.: |
91-22-22055184 |
|
Date : |
14.12.2013 |
LOCATIONS
|
Registered Office : |
2nd Floor, Pushpawati Building No.2, Chandanwadi, Girgaon, Mumbai
– 400002, Maharashtra, India |
|
Tel. No.: |
91-22-22055184 |
|
Fax No.: |
91-22-22084765 |
|
E-Mail : |
Imports : import@rohandyes.com Exports : export@rohandyes.com Career Contact : hrd@rohandyes.com |
|
Website : |
|
|
|
|
|
Corporate Office : |
UG / 11 – 12, Suryarath Complex, Opposite White House Building, Near
Panchvati Circle, Ahmedabad – 380 006, Gujarat, India |
|
Tel. No.: |
91-79-26421129 |
|
Fax No.: |
91-79-26422997 |
|
|
|
|
Factory : |
123, G.I.D.C, Phase – 1, Vatva, Ahmedabad – 382 445, |
|
Tel. No.: |
91-79-40269500/ 502/ 22/ 23 |
|
Fax No.: |
91-79-40269518 |
DIRECTORS
As on: 17.09.2013
|
Name : |
Mr. Radheshyam Tarachand Agrawal |
|
Designation : |
Director |
|
Address : |
40, Sumadhur Society, Near Ocean Park, Nehru Nagar, Char Rasta,
Satellite, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
05.03.2002 |
|
Date of Appointment : |
05.03.2002 |
|
PAN No.: |
AAWPA5624J |
|
DIN No.: |
00266984 |
|
|
|
|
Name : |
Mr. Rohan Radheshyam Agrawal |
|
Designation : |
Whole Time Director |
|
Address : |
42, Sumadhur Society, Near Ocean Park, Nehru Nagar, Char Rasta,
Satellite, Ahmedabad, Gujarat, India |
|
Date of Birth/Age : |
14.07.1984 |
|
Date of Appointment : |
05.08.2010 |
|
PAN No.: |
AEDPA8000N |
|
DIN No.: |
01191940 |
|
|
|
|
Name : |
Mr. Alpesh Hiralal Parmar |
|
Designation : |
Additional Director |
|
Address : |
100/101, Pragatinagar, Amraiwadi, Ahmedabad – 380026, Gujarat, India |
|
Date of Birth/Age : |
08.03.1984 |
|
Date of Appointment : |
05.12.2011 |
|
PAN No.: |
ATCPP0392D |
|
DIN No.: |
05135471 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 17.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Yamunadutt A. Agrawal |
|
506 |
|
Jitendra T. Agrawal |
|
506 |
|
Radheshyam T. Agrawal |
|
1142112 |
|
Kailash T. Agrawal |
|
506 |
|
Indu R. Agrawal |
|
100 |
|
Rohan R. Agrawal |
|
2583400 |
|
Rajvi Agrawal |
|
62606 |
|
Rajvi Enterprise Private Limited, India |
|
2441250 |
|
Amitara Industries Limited, India |
|
1062350 |
|
|
|
|
|
Total |
|
7293336 |
Equity Share Break up (Percentage of Total Equity)
As on: 17.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
48.04 |
|
Directors or relatives of directors |
|
51.96 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and exporter of Dyes and Dyes Intermediates. |
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Products : |
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Exports : |
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Products : |
· Reactive Black-5 |
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Countries : |
·
Hong Kong ·
Turkey ·
Pakistan ·
Japan ·
Brazil |
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Imports : |
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Products : |
Not Divulged |
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Countries : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged |
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Customers : |
Not Divulged |
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No. of Employees : |
200 (Approximately) |
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Bankers : |
· State Bank of India, 1st Floor, Neptune Tower Annex, Near Gandhigram Railway Station, Ashram Road, Ahmedabad - 380006, Gujarat, India · Barclays Bank Plc, 801/808, Ceejay House, Shivsagar Estate, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · State Bank Saurshtra, Ifb-Branch; Ashram Road, Ahmedabad, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
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|
Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Gupta Ashokkumar Sunderlal Chartered Accountants |
|
Address : |
203, New Cloth Market, Near Raipur Gate, Ahmedabad – 380 002, Gujarat,
India |
|
PAN No.: |
AANPG4519P |
CAPITAL STRUCTURE
As on: 17.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17500000 |
Equity Shares |
Rs.10/- each |
Rs. 175.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7293336 |
Equity Shares |
Rs.10/- each |
Rs. 72.933
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 |
72.933 |
72.933 |
72.933 |
|
(b) Reserves & Surplus |
139.139 |
138.288 |
137.991 |
|
(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) |
212.072 |
211.221 |
210.924 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
114.786 |
114.706 |
86.473 |
|
(b) Deferred tax liabilities (Net) |
10.409 |
8.249 |
8.194 |
|
(c) Other long
term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
23.964 |
35.254 |
63.491 |
|
Total Non-current
Liabilities (3) |
149.159 |
158.209 |
158.158 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
176.468 |
170.370 |
187.277 |
|
(b)
Trade payables |
158.284 |
74.414 |
125.329 |
|
(c)
Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term
provisions |
3.498 |
2.761 |
4.339 |
|
Total Current
Liabilities (4) |
338.250 |
247.545 |
316.945 |
|
|
|
|
|
|
TOTAL |
699.481 |
616.975 |
686.027 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
74.835 |
80.074 |
86.344 |
|
(ii) Intangible
Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
194.528 |
165.941 |
99.356 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.020 |
0.020 |
0.020 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
28.028 |
27.833 |
27.590 |
|
(e) Other
Non-current assets |
5.981 |
8.508 |
6.784 |
|
Total Non-Current
Assets |
303.392 |
282.376 |
220.094 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
135.132 |
98.481 |
130.477 |
|
(c)
Trade receivables |
152.177 |
103.481 |
193.011 |
|
(d) Cash
and cash equivalents |
8.096 |
17.022 |
29.374 |
|
(e)
Short-term loans and advances |
99.974 |
113.986 |
109.576 |
|
(f)
Other current assets |
0.710 |
1.629 |
3.495 |
|
Total
Current Assets |
396.089 |
334.599 |
465.933 |
|
|
|
|
|
|
TOTAL |
699.481 |
616.975 |
686.027 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
632.615 |
495.266 |
648.440 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
621.460 |
486.721 |
630.987 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
11.155 |
8.545 |
17.453 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
7.433 |
7.887 |
9.152 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.722 |
0.658 |
8.301 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.960 |
0.191 |
0.740 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.762 |
0.467 |
7.561 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
119.079 |
118.612 |
111.051 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
119.841 |
119.079 |
118.612 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
476.466 |
451.657 |
535.934 |
|
|
TOTAL EARNINGS |
476.466 |
451.657 |
535.934 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
129.290 |
49.189 |
NA |
|
|
|
Capital Goods |
0.000 |
1.797 |
NA |
|
|
TOTAL IMPORTS |
129.290 |
50.986 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.11 |
0.07 |
1.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.13 |
0.10 |
1.17 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.73 |
0.15 |
1.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.01 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.37 |
1.35 |
1.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.35 |
1.48 |
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 |
No |
|
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 |
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] |
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 |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Loans and advances from directors |
19.287 |
3.882 |
|
Loans and advances from others |
16.894 |
18.462 |
|
|
|
|
|
Total |
36.181 |
22.344 |
CASE DETAILS
|
Stamp No.:- |
CPL/208/2013 |
Filing Date:- |
01/04/2013 |
Reg. No.:- |
CP/320/2013 |
Reg. Date:- |
21/06/2013 |
|
Petitioner:- |
HDFC BANK LIMITED |
Respondent:- |
Rohan Dyes and Intermediates Limited |
|
Petn.Adv.:- |
FZB and Associates (175) |
Resp.Adv.:- |
T. N. Tripathi and Co (U/OBJ.) |
|
District:- |
MUMBAI |
|
|
|
Bench:- |
SINGLE |
|
|
|
Status:- |
Pre-Admission |
Category: |
Company Petition U/SEC 433,434,439 Companies Act |
|
Next Date: |
16/01/2014 |
Stage:- |
Company Petitions For Admission |
|
Coram:- |
HON'BLE SHRI JUSTICE N.M. Jamdar |
|
|
|
Last Date:- |
30/08/2013 |
Stage:- |
Company Petitions For Admission |
|
Last Coram:- |
HON'BLE SHRI JUSTICE N.M. Jamdar |
|
|
|
Act :- |
Companies Act and Rules 1956 |
Under Section: |
433 And 434 |
OPERATION AND FUTURE
SCENARIO
For the year the Company’s sales was increased by approx. 29.02% for the period, Due to effective cost control and improved margins, the Company earned net profit (before tax) of Rs. 3.722 millions.
Also the Company is in the process of expansion of its manufacturing facilities at Vatva Plant of Reactive/Acid Dyes from the existing 300 MT per month to 500 MT per month whereby the Factory Building and Installation of plant and machinery are in the advanced stage of completion and the commercial production is likely to start within couple of months.
Thus after the completion of expansion-cum-diversification of production facilities it will greatly improve our top-line growth and also generate better revenues in near future.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90167122 |
23/03/2011 * |
429,400,000.00 |
STATE BANK OF INDIA |
1ST FLOOR, NEPTUNE TOWER ANNEX, NEAR GANDHIGRAM |
B11043353 |
|
2 |
90165447 |
23/03/2011 * |
429,400,000.00 |
STATE BANK OF INDIA |
1ST FLOOR, NEPTUNE TOWER ANNEX, NEAR GANDHIGRAM RAILWAY
STATION, ASHRAM ROAD, AHMEDABAD, Gujarat - |
B11339801 |
* Date of charge modification
FIXED ASSETS
· Land and Buildings
· Plant and equipment
· Factory Equipments
· Factory building
· Furniture and fixtures
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. 62.12 |
|
|
1 |
Rs. 101.53 |
|
Euro |
1 |
Rs. 85.41 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--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 |
YES |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.