MIRA INFORM REPORT
|
Report Date : |
29.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
BHAGWAN PACKAGING INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.203, Plot No.3, Panchal Udyog Nagar, Bhimpore, Daman-396210,
Union Territory |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
29.04.1999 |
|
|
|
|
Com. Reg. No.: |
11-119676 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.686 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129MH1999PTC119675 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB09943D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB9065H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Consumer Plastic Bags and Plastic Packing
Materials |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 93000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
There appears slight dip in sales and increased some loss during 2012. However net worth of the company seems to be strong. Trade relations
are reported to be fair. Business is active. Payments are reported to be slow
but correct. The company can be considered 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. Rane |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-26481405 |
|
Date : |
27.07.2013 |
LOCATIONS
|
Registered Office / Factory 1 : |
Survey No.203, Plot No.3, Panchal Udyog Nagar, Bhimpore, Daman-396210,
Union Territory |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Shop No 3, Bombay Bazar Shopping Centre Station Road, Santacruz West, Mumbai
– 400054, Maharashtra, India |
|
Tel. No.: |
91-22-26481405 |
|
Fax No.: |
91-22-26490286 |
DIRECTORS
AS ON 14.09.2012
|
Name : |
Mr. Prakash Tikamdas Kukreja |
|
Designation : |
Managing Director |
|
Address : |
La-Emrude, 3rd Floor, 14th Road, Khar, Mumbai –
400052, Maharashtra, India |
|
Date of Birth/Age : |
05.03.1969 |
|
Date of Appointment : |
29.04.1999 |
|
DIN No.: |
00581924 |
|
|
|
|
Name : |
Mr. Bansilal Bhagwandas Kukreja |
|
Designation : |
Director |
|
Address : |
La-Emrude, 3rd Floor, 14th Road, Khar, Mumbai –
400052, Maharashtra, India |
|
Date of Birth/Age : |
15.09.1950 |
|
Date of Appointment : |
29.04.1999 |
|
DIN No.: |
00582039 |
|
|
|
|
Name : |
Ms. Champa Nandlal Kukreja |
|
Designation : |
Director |
|
Address : |
La-Emrude, 3rd Floor, 14th Road, Khar, Mumbai –
400052, Maharashtra, India |
|
Date of Birth/Age : |
06.05.1945 |
|
Date of Appointment : |
29.04.1999 |
|
DIN No.: |
01438259 |
KEY EXECUTIVES
|
Name : |
Mr. Rane |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 14.09.2012
|
Names of Shareholders |
No. of Shares |
|
Prakash T. Kukreja |
7510 |
|
Bansilal B. Kukreja |
9000 |
|
Tikamdas B Kukreja |
8510 |
|
Manoharlal B
Kukreja |
8500 |
|
Kanchan D Kukreja |
10600 |
|
Rani T Kukreja |
7000 |
|
Poonam B Kukreja |
8500 |
|
Saatchi R Kukreja |
10700 |
|
Shailesh B Kukreja |
12000 |
|
Neeta M Kukreja |
8600 |
|
Tarun T Kukreja |
12000 |
|
Rakesh M Kukreja |
12000 |
|
Som M Kukreja |
10600 |
|
Anchal P Kukreja |
8000 |
|
Champa N Kukreja |
7000 |
|
Sheetal T Kukreja |
10600 |
|
Dilip N Kukreja |
8500 |
|
Jitendra B Kukreja |
9000 |
|
Bhagwan
Plastrade Private Limited, India |
10 |
|
TOTAL
|
168630 |
AS ON 14.09.2012
|
Equity Shares
Break Up |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Consumer Plastic Bags and Plastic Packing
Materials |
|
|
|
|
Exports : |
|
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
U. S. Gandhi and Company Chartered Accountant |
|
Address : |
215, 2nd Floor, Sundervilla, |
|
PAN No.: |
AACFU5143J |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs. 2.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
168630 |
Equity Shares |
Rs.10/- each |
Rs. 1.686
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
1.686 |
1.686 |
|
(b) Reserves & Surplus |
|
21.646 |
23.621 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
23.332 |
25.307 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
8.989 |
12.637 |
|
(b) Deferred tax liabilities (Net) |
|
1.466 |
1.476 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
10.455 |
14.113 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
39.349 |
40.551 |
|
(b) Trade
payables |
|
20.467 |
22.344 |
|
(c) Other
current liabilities |
|
3.467 |
1.161 |
|
(d) Short-term
provisions |
|
0.000 |
0.637 |
|
Total Current
Liabilities (4) |
|
63.283 |
64.693 |
|
|
|
|
|
|
TOTAL |
|
97.070 |
104.113 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
45.960 |
49.892 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.744 |
1.281 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
6.674 |
7.455 |
|
Total Non-Current
Assets |
|
54.378 |
58.628 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
18.357 |
26.995 |
|
(c) Trade
receivables |
|
22.066 |
16.922 |
|
(d) Cash
and cash equivalents |
|
1.558 |
0.364 |
|
(e)
Short-term loans and advances |
|
0.711 |
1.204 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
42.692 |
45.485 |
|
|
|
|
|
|
TOTAL |
|
97.070 |
104.113 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
1.686 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
20.827 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
22.513 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
42.909 |
|
|
2] Unsecured Loans |
|
|
7.200 |
|
|
TOTAL BORROWING |
|
|
50.109 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.471 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
74.093 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
44.945 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.306 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
22.820 |
|
|
Sundry Debtors |
|
|
13.860 |
|
|
Cash & Bank Balances |
|
|
1.348 |
|
|
Other Current Assets |
|
|
6.561 |
|
|
Loans & Advances |
|
|
0.868 |
|
Total
Current Assets |
|
|
45.457 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
9.960 |
|
|
Other Current Liabilities |
|
|
5.836 |
|
|
Provisions |
|
|
0.819 |
|
Total
Current Liabilities |
|
|
16.615 |
|
|
Net Current Assets |
|
|
28.842 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
74.093 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
|
|
|
|
GROSS TURNOVER /
RECEIPT |
200.085 |
239.834 |
243.644 |
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
197.245 |
231.782 |
234.657 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
2.840 |
8.052 |
8.987 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
4.825 |
4.615 |
3.686 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
(1.985) |
3.436 |
5.301 |
|
|
|
|
|
|
|
|
|
|
TAX |
(0.010) |
0.643 |
1.360 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
(1.975) |
2.793 |
3.941 |
|
|
|
|
|
|
|
|
|
|
EXPORT VALUE |
111.599 |
154.453 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(11.71) |
16.57 |
23.37 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
230.000 |
|
|
|
|
|
Expected Sales (2013-2014) : Rs. 240.000 Millions
The above information has been parted by Mr. Rane.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(0.99)
|
1.16 |
1.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.08)
|
3.34 |
5.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.09)
|
0.14 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.07
|
2.10 |
2.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.67
|
0.70 |
2.74 |
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 |
Yes |
|
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 |
----- |
|
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 |
|
Unsecured Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term Borrowing |
|
|
|
Sonu Enterprises |
18.069 |
13.282 |
|
Bhagwan Enterprise Textiles Private Limited |
1.359 |
0.112 |
|
Isvaraha Apparels Private Limited |
2.200 |
0.000 |
|
|
|
|
|
TOTAL |
21.628 |
13.394 |
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Current maturities of long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA
|
VIEW INDEX OF CHARGES
|
S.
No. |
Charge
ID |
Date
of Charge Creation /Modification |
Charge
amount secured |
Charge
Holder |
Address
|
Service
Request Number (SRN) |
|
1 |
10025255
|
20/05/2011
* |
65,300,000.00
|
HDFC
BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT MARG, LOWER PAREL W,
MUMBAI, MAHARASHTRA - 400013, INDIA |
B13910997
|
|
2 |
90145530
|
15/10/2009
* |
76,320,000.00
|
HDFC
BANK LIMITED |
HDFC BANK HOUSE SENAPATI BAPAT
MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
A73586695
|
|
3 |
90147695
|
18/03/2004
* |
5,900,000.00
|
ORIENTAL
BANK OF COMMERCE |
SANTACRUZ(EAST) BRANCH, AJAY APARTMENTS; S V ROAD; SANTACRUZ,
MUMBAI, MAHARASHTRA - 400054, INDIA |
- |
|
* Date of charge modification |
||||||
FINANCIAL RESULTS
There has been
decrease in Sales during the current year due to change in government policies towards
plastic bags because of which company has suffered a loss of Rs. 2.110
Millions. The reasons due to which sales is decreased, is decline in Market
demand of the company’s product.
PRODUCTS AND SERVICES
The company is
engaged in activity of manufacturing plastic bags. The Company is in pursuit of
excellence and it endeavors to increases customer satisfaction by catering to
the various needs of the customers.
The unit is located at Daman which is ideal for the business of the
Company.
FUNDING
The working
capital of the Company has been funded by HDFC Bank. The Company has not
accepted any public deposits during the financial year. The dynamic global
trade environment presents both a challenge and an opportunity to move towards
higher achievements. The energetic efforts of the Company complimented by the
foresight of the management are very good equipment to face these challenges.
FIXED ASSETS
- Plant and
machinery
- Furniture and
fixture
- Computers
- Air
conditioner
- Air
compressor
- Office
equipment
- Electrical
inst.
- Printer
- Land and
building (Unit 1 and 2) [Factory]
- Motor car
- Motor cycle
- Patch Loop
BSS Machines
- Printing
Cylinders
- Tables
- Hoper loading
systems
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. 58.91 |
|
|
1 |
Rs. 90.67 |
|
Euro |
1 |
Rs. 78.21 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
4 |
|
--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 |
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 |
|
42 |
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.