MIRA INFORM REPORT
|
Report Date : |
30.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
GOOD-DAY FOODS PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
GOOD-DAY FOODS LIMITED |
|
|
|
|
Registered
Office : |
806, Devika Tower, 6, Nehru Place, New Delhi – 110019 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
09.07.2003 |
|
|
|
|
Com. Reg. No.: |
55-121231 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 36.800 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15209DL2003PLC121231 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Indian ethnic sweets and related food products. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 310000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
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|
Litigation : |
Clear |
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|
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|
Comments : |
Subject is an established company having a moderate track record. The
profitability of the company seems to be low. However, 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 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
29.03.2013 |
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.
INFORMATION DECLINED
Management Non Co-operative (91-22-25810262 / 25822516)
LOCATIONS
|
Registered Office : |
806, Devika Tower, 6, Nehru Place, New Delhi – 110019, India |
|
Tel. No.: |
91-11-65683592 |
|
Fax No.: |
91-11-46540620 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
The UM Group, UM House,Sector-44, Gurgaon-12202, Haryana, India |
|
|
|
|
Factory : |
A-62, Road No.22, Wagle Industrial Estate, Thane – 4000604, Maharashtra, India |
|
Tel. No.: |
91-22-25810262 / 25822516. |
|
Fax No.: |
91-22-25826127 |
|
E-Mail : |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Salil Anupendranath Chaturvedi |
|
Designation : |
Director |
|
Address : |
Bungalow No.8, Premium Towers, Lokhandwala Complex, Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
03.08.1971 |
|
Date of Appointment : |
01.05.2008 |
|
DIN No.: |
00004768 |
|
|
|
|
Name : |
Mr. Bala Chhabra |
|
Designation : |
Director |
|
Address : |
60, Prakriti Marg, M.G. Road, Gurgaon, New Delhi-110030, India |
|
Date of Birth/Age : |
08.02.1954 |
|
Date of Appointment : |
09.07.2003 |
|
DIN No.: |
00096666 |
|
Voter ID No.: |
YRI2048908 |
|
|
|
|
Name : |
Mr. Sushant Chhabra |
|
Designation : |
Director |
|
Address : |
60, Prakriti Marg, M.G. Road, Gurgaon, New Delhi-110030, India |
|
Date of Birth/Age : |
26.06.1974 |
|
Date of Appointment : |
09.07.2003 |
|
DIN No.: |
00096771 |
|
Voter ID No.: |
YRI2048890 |
|
|
|
|
Name : |
Mr. Verinder Kumar Chhabra |
|
Designation : |
Director |
|
Address : |
60, Prakriti Marg, M.G. Road, Gurgaon, New Delhi-110030, India |
|
Date of Birth/Age : |
11.06.1949 |
|
Date of Appointment : |
09.07.2003 |
|
DIN No.: |
00096937 |
|
Voter ID No.: |
YRI2048882 |
|
|
|
|
Name : |
Mr. Rajan Harikaran Malik |
|
Designation : |
Whole-time Director |
|
Address : |
601,Skylark 'A', Lokhand Wala Complex, Versova, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
05.10.1954 |
|
Date of Appointment : |
01.08.2003 |
|
DIN No.: |
00119881 |
|
|
|
|
Name : |
Mr. Kishore Mahtani |
|
Designation : |
Whole-time Director |
|
Address : |
503,Skylark 'A', Lokhand Wala Complex, Versova, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
07.08.1961 |
|
Date of Appointment : |
01.08.2003 |
|
DIN No.: |
00119945 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajan Malik |
|
257500 |
|
Mala Malik |
|
7500 |
|
Suman Kumar Punn |
|
2500 |
|
Trading Engineers International Limited, India |
|
400000 |
|
Ruchi Chhabra |
|
100000 |
|
Anisha Chhabra |
|
100000 |
|
Techno Auto Components (India) Private Limited, India |
|
100000 |
|
Gessup Logistics And Finance Private Limited, India |
|
1505000 |
|
Unitech Machines Limited, India |
|
450000 |
|
Kishore Mahtani |
|
257500 |
|
SAB Holdings India Private Limited, India |
|
500000 |
|
Total |
|
3680000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
80.29 |
|
Directors or relatives of Directors |
19.64 |
|
Other top fifty shareholders |
0.07 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Indian ethnic sweets and
related food products. |
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
|
|||||||||||||||||||||||||||
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Banking Relations
: |
--- |
|
|
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|
Auditors : |
|
|
Name : |
Manish D. Ladage and Company Chartered Accountants |
|
Address : |
107/108,1st Floor, Regent Chambers, Nariman Point, Mumbai –
400021, Maharashtra, India |
|
Tel. No.: |
91-22-42476600 |
|
Fax No.: |
91-22-42476666 |
|
E-Mail : |
|
|
PAN No.: |
AAAPL2634H |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3680000 |
Equity Shares |
Rs.10/- each |
Rs.36.800
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 |
|
36.800 |
36.800 |
|
(b) Reserves & Surplus |
|
40.822 |
40.630 |
|
(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) |
|
77.622 |
77.430 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
8.856 |
7.038 |
|
(b) Deferred tax liabilities (Net) |
|
9.429 |
9.158 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
18.285 |
16.196 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
30.979 |
38.320 |
|
(b) Trade
payables |
|
19.952 |
15.731 |
|
(c) Other
current liabilities |
|
14.177 |
13.334 |
|
(d) Short-term
provisions |
|
0.460 |
10.912 |
|
Total Current
Liabilities (4) |
|
65.568 |
78.297 |
|
|
|
|
|
|
TOTAL |
|
161.475 |
171.923 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
98.132 |
89.776 |
|
(ii)
Intangible Assets |
|
2.128 |
2.296 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
7.594 |
7.429 |
|
(e) Other
Non-current assets |
|
0.000 |
0.133 |
|
Total Non-Current
Assets |
|
107.854 |
99.634 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
15.259 |
17.533 |
|
(c) Trade
receivables |
|
33.473 |
36.680 |
|
(d) Cash
and cash equivalents |
|
0.702 |
0.501 |
|
(e)
Short-term loans and advances |
|
4.187 |
17.575 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
53.621 |
72.289 |
|
|
|
|
|
|
TOTAL |
|
161.475 |
171.923 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
36.800 |
|
|
2] Share Application Money |
|
|
7.400 |
|
|
3] Reserves & Surplus |
|
|
40.298 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
84.498 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
42.231 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
42.231 |
|
|
DEFERRED TAX LIABILITIES |
|
|
8.255 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
134.984 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
88.183 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
13.537 |
|
|
Sundry Debtors |
|
|
28.734 |
|
|
Cash & Bank Balances |
|
|
1.286 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
30.432 |
|
Total
Current Assets |
|
|
73.989 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
14.134 |
|
|
Other Current Liabilities |
|
|
1.161 |
|
|
Provisions |
|
|
12.121 |
|
Total
Current Liabilities |
|
|
27.416 |
|
|
Net Current Assets |
|
|
46.573 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.228 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
134.984 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
383.834 |
308.712 |
265.845 |
|
|
|
Other Income |
0.108 |
0.037 |
0.062 |
|
|
|
TOTAL (A) |
383.942 |
308.749 |
265.907 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
318.746 |
|
|
|
|
|
Changes in inventories of finished goods, work in progress and
Stock-in-trade |
0.636 |
(4.117) |
254.670 |
|
|
|
Employee Benefit Expenses |
9.110 |
7.436 |
|
|
|
|
Other Expenses |
40.523 |
37.374 |
|
|
|
|
TOTAL (B) |
369.015 |
296.209 |
254.670 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.927 |
12.540 |
11.237 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
7.944 |
6.399 |
5.482 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
6.983 |
6.141 |
5.755 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.389 |
4.751 |
4.515 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.594 |
1.390 |
1.240 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.575 |
1.059 |
0.356 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
1.019 |
0.331 |
0.884 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
35.404 |
35.073 |
34.189 |
|
|
|
|
|
|
|
|
|
Less |
Income Tax earlier years |
0.887 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
35.536 |
35.404 |
35.073 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
24.448 |
33.478 |
59.239 |
|
|
TOTAL EARNINGS |
24.448 |
33.478 |
59.239 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.28 |
0.09 |
0.24 |
|
%2030-Jul-2013_files/image001.gif){kind=small}
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.27
|
0.11 |
0.33 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.42
|
0.45 |
0.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.99
|
0.81 |
0.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.51
|
0.59 |
0.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.82
|
0.92 |
2.70 |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG-TERM DEBT
Rs. In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Current maturities of long-term debt |
4.879 |
3.471 |
NA |
|
|
|
|
|
|
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 |
Yes |
|
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 |
---------------------- |
|
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 |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
OPERATIONS
The Company has achieved a total income of Rs.383.942 Millions registering a growth of 24.35 % vis-a-vis Rs.308.749 Millions in previous year. The Company has registered a Profit after tax of Rs.1.019 Millions as compared to Rs. 0.331 Million in the previous year showing increase in profit of Rs.0.688 Million.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10433744 |
27/06/2013 |
130,000,000.00 |
RELIGARE FINVEST LIMITED |
D3, P3B, DISTRICT CENTRE, SAKET, NEW DELHI, DELHI - 110017, INDIA |
B78258621 |
|
2 |
80001844 |
04/08/2011 * |
83,500,000.00 |
CORPORATION BANK |
INDUSTRIAL FINANCE BRANCH, BHARAT HOUSE, 104, MUMBAI
SAMACHAR MARG, FORT, MUMBAI, MAHARASHTRA - 400 |
B19933126 |
FIXED ASSETS
- Land Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Computer Systems
- Electrical Installation
- Office Equipment
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.59.30 |
|
|
1 |
Rs.91.18 |
|
Euro |
1 |
Rs.78.71 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.