MIRA
INFORM REPORT
|
Report Date : |
01.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
TUFROPES PRIVATE
LIMITED |
|
|
|
|
Formerly Known
As : |
REEVE COMMERCIALS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
812-A, Embassy
Centre, Nariman Point, Mumbai – 400 021, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
19.11.1992 |
|
|
|
|
Com. Reg. No.: |
11-069639 |
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|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 33.450 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1992PTC069639 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMT09450A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACT8968M |
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|
|
Legal Form : |
Private Limited Liability Company. |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of HDPE / PP Reprocessed Geneses and HDPE/PP
Ropes |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2400000 |
|
|
|
|
Status : |
Good |
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|
|
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Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a well established company having a fine track record. The latest financials 2012 is not available. As per previous year’s record, the financial position of the company
is sound and healthy. Performance is good. Trade relations are decent. Business is active. Payment terms are
regular and as per commitment. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
A+ (Long Term Bank Facilities) |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
January 2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A1 (Short Term Bank Facilities) |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
January 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 PARTED BY
|
Name : |
Mr. Vinod |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40502600 |
|
Date : |
31.05.2013 |
LOCATIONS
|
Registered Office : |
812-A, Embassy
Centre, Nariman Point, Mumbai – 400 021, Maharashtra, India |
|
Tel. No.: |
91-22-40502600 |
|
Fax No.: |
91-22-22844167 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
Plot No. 6,
Rakholi Industrial Estate, P. O. Rakholi – 396 230, Silvassa (Dadra and Nagar
Haveli), Union Territory |
|
Tel. No.: |
91-260-40749 |
|
Fax No.: |
91-260-40478 |
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|
|
|
Factory 2 : |
Amli, Silvassa |
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|
|
|
Branch Office : |
507, Embassy Centre, Nariman Point, Mumbai-400021, Maharashtra, India |
DIRECTORS
AS ON 20.09.2012
|
Name : |
Mr. Arun Sriniwas Goel |
|
Designation : |
Director |
|
Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
31.12.1957 |
|
Date of Appointment : |
01.02.1993 |
|
DIN No.: |
00010006 |
|
|
|
|
Name : |
Ms. Kusum Arun Goel |
|
Designation : |
Director |
|
Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
17.01.1963 |
|
Date of Appointment : |
01.02.1993 |
|
DIN No.: |
00010060 |
|
|
|
|
Name : |
Mr. Saurabh Arun Goel |
|
Designation : |
Director |
|
Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
27.12.1984 |
|
Date of Appointment : |
24.09.2007 |
|
DIN No.: |
00022496 |
|
|
|
|
Name : |
Mr. Virendra Jaikumar Jain |
|
Designation : |
Director |
|
Address : |
B 19, Sterling Apartments, Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
19.11.1958 |
|
Date of Appointment : |
22.12.1994 |
|
DIN No.: |
00077662 |
|
|
|
|
Name : |
Mr. Muneshwarnath Tapaswinath Modi |
|
Designation : |
Director |
|
Address : |
C/12, Gurudev Complex, Phase I, Sayli Road, Silvassa, Dadra Nagar
Haveli |
|
Date of Birth/Age : |
14.09.1968 |
|
Date of Appointment : |
30.06.2006 |
|
DIN No.: |
00492652 |
|
|
|
|
Name : |
Mr. Sachin Nath Bhupender Chaturvedi |
|
Designation : |
Director |
|
Address : |
2803/04, 28th Floor, Shreepat Arcade, A K Marg, Nana Chowk,
Mumbai-400036, Maharashtra, India |
|
Date of Birth/Age : |
30.09.1950 |
|
Date of Appointment : |
31.12.1996 |
|
DIN No.: |
00553459 |
|
|
|
|
Name : |
Mr. Madhav Arun Goel |
|
Designation : |
Additional Director |
|
Address : |
B-5, Sterling Apartments, 38, Pedder Road, Mumbai-400026, Maharashtra,
India |
|
Date of Birth/Age : |
15.10.1987 |
|
Date of Appointment : |
20.03.2012 |
|
DIN No.: |
03578248 |
KEY EXECUTIVES
|
Name : |
Mr. Vinod |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 20.09.2012
|
Names of Shareholders |
No. of Shares |
|
Kusum Arun Goel |
650100 |
|
Arun Goel |
629100 |
|
Saurabh Arun Goel |
196650 |
|
Madhav Arun Goel |
196650 |
|
Laxmi Satyapal Jain Jtly with Satypal Jain |
165100 |
|
Reena Virendra Jain Jtly with Virendra Jain |
105100 |
|
Sushma Anand Jain Jtly with Anand Jain |
173790 |
|
Gaurav Jain |
392400 |
|
Harsh Jain |
383710 |
|
Ankit Jain |
452400 |
|
TOTAL
|
3345000 |
AS ON 20.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of HDPE / PP Reprocessed Geneses and HDPE/PP
Ropes |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Terms : |
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Selling : |
L/C, Cash, Credit |
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Purchasing : |
L/C, Cash, Credit |
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity ** |
Actual
Production |
|
|
|
|
|
|
Rope and Twine |
MT |
15000 |
12521 |
*Machines are interchangeable to produce all kind of ropes
**As certified by the Management
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
150 (Approximately) |
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Bankers : |
·
Canara Bank, PCBI-1, Makar Tower-F, Cuffee
Parade, Mumbai-400005, Maharashtra, India Tel No.: - 91-22-22188894 |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Jayantilal Thakkar and Company Chartered Accountant |
|
Address : |
111, A, Mahatma Gandhi Road, Fort, Mumbai-400023, Maharashtra, India |
|
Tel. No.: |
91-22-22658800 / 22658900 |
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Fax No.: |
91-22-22658989 |
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E-Mail : |
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PAN No.: |
AAAFJ3458R |
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Related Parties : |
·
Silvassa Polyplast (India) Private Limited ·
India Net ·
Daman Plastics ·
Silvassa Plastics ·
Polysil Pipes ·
Resin Distributors Limited ·
Polysil Irrigation Systems Private Limited ·
Polyresin Agencies (India) Private Limited ·
Poly Plast Agencies (India) Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3345000 |
Equity Shares |
Rs.10/- each |
Rs. 33.450 Millions |
|
120000 |
12% Non Cumulative Redeemable Preference Shares |
Rs.100/- each |
Rs. 12.000 Millions |
|
455000 |
1% Non cumulative Redeemable Optionally Convertible Preference Shares |
Rs.10/- each |
Rs. 4.550 Millions |
|
|
TOTAL |
|
Rs. 50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3345000 |
Equity Shares |
Rs.10/- each |
Rs. 33.450
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
33.450 |
33.450 |
33.450 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
579.004 |
461.502 |
386.559 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
612.454 |
494.952 |
420.009 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
15.104 |
2.065 |
14.159 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
15.104 |
2.065 |
14.159 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
2.438 |
3.558 |
|
|
|
|
|
|
|
|
TOTAL |
627.558 |
499.455 |
437.726 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
194.148 |
130.307 |
152.816 |
|
|
Capital work-in-progress |
6.755 |
2.103 |
3.956 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
95.221 |
15.516 |
|
|
DEFERREX TAX ASSETS |
0.097 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
156.548
|
111.642 |
91.446 |
|
|
Sundry Debtors |
171.148
|
136.406 |
117.996 |
|
|
Cash & Bank Balances |
21.682
|
17.007 |
11.342 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
141.851
|
45.109 |
79.028 |
|
Total
Current Assets |
491.229
|
310.164 |
299.812 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
44.729 |
24.970 |
21.527 |
|
|
Other Current Liabilities |
9.676
|
6.191 |
7.631 |
|
|
Provisions |
10.266
|
7.179 |
5.216 |
|
Total
Current Liabilities |
64.671
|
38.340 |
34.374 |
|
|
Net Current Assets |
426.558
|
271.824 |
265.438 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
627.558 |
499.455 |
437.726 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
1352.207 |
1114.443 |
1053.495 |
|
|
|
|
|
|
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|
|
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
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|
|
|
|
TOTAL |
1169.196 |
991.733 |
937.343 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
183.011 |
122.710 |
116.152 |
|
|
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
18.671 |
17.329 |
16.919 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
164.340 |
105.372 |
99.233 |
|
|
|
|
|
|
|
|
|
|
TAX |
47.764 |
31.280 |
28.453 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
116.576 |
74.093 |
70.780 |
|
|
|
|
|
|
|
|
|
|
EXCESS PROVISION
– EARLIER YEAR |
0.926 |
0.851 |
0.356 |
|
|
|
|
|
|
|
|
|
|
FBT EARLIER YEAR |
0.000 |
0.001 |
0.530 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
452.479 |
377.536 |
307.282 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
569.981 |
452.479 |
377.536 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
581.764 |
549.805 |
601.567 |
|
|
TOTAL EARNINGS |
581.764 |
549.805 |
601.567 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
74.903 |
87.777 |
73.929 |
|
|
|
Stores & Spares |
0.873 |
0.600 |
0.692 |
|
|
|
Capital Goods |
0.227 |
0.451 |
0.772 |
|
|
TOTAL IMPORTS |
76.003 |
88.828 |
75.393 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
35.13 |
22.40 |
21.21 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
8.62
|
6.65 |
6.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.97
|
23.92 |
21.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.21 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.02
|
0.00 |
0.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.60
|
8.09 |
8.72 |
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) |
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 |
No |
|
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 |
Yes |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors
|
|
|
|
|
Micro, Small and Medium Enterprises |
0.000 |
0.000 |
0.000 |
|
Others |
44.729 |
24.970 |
21.527 |
|
|
|
|
|
|
TOTAL |
44.729 |
24.970 |
21.527 |
OPERATIONS
The Company has achieved turnover at Rs. 1352.200 Millions up by 21.33%
with a net profit of Rs. 117.500 Millions reflecting 56.79% respectively growth.
The company hopes to further consolidate its operation while increasing the
capacity utilization of its existing production plant to higher levels.
FORM 8
|
Corporate
identity number of the company |
U51900MH1992PTC069639 |
|
Name of the company
|
TUFROPES PRIVATE
LIMITED |
|
Address of the
registered office or of the principal place of business in |
812-A, Embassy Centre, Nariman Point, Mumbai – 400 021, Maharashtra, India |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Immovable
property |
|
Particular of
charge holder |
Canara Bank, PCBI-1, Makar Tower-F, Cuffee Parade, Mumbai-400005,
Maharashtra, India |
|
Nature of
instrument creating charge |
Letter Evidencing
Deposit of Title Deeds dated 07.03.2012 for fresh term loan of Rs.300.000
Millions. |
|
Date of
instrument Creating the charge |
07.03.2012 |
|
Amount secured by
the charge |
Rs. 300.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest rate of interest
@ 12.50% Terms of repayment Term loan of
Rs.300.000 Millions to be repaid in 24 quarterly installments starting from
June 2013. Margin margin for term
loan of Rs. 300.000 Millions margin @ 42.31% of project cost of Rs.520.000
Millions. Extent and operation of the charge Mortgage of
Immovable Land and Building located at Moje Village Asoj Block No. 488,
Taluka Waghodia District of Vadodara. |
|
Short particulars
of the property charged (Including location of the property) |
Mortgage of Immovable Land and Building located at
Survey/ Block No. 488, Near Decent Hotel, Vadodara - Halol Highway, Village
Asoj, District:- Vadodara-391510, Gujarat, |
FIXED ASSETS
·
Land
·
Factory Building
·
Plant and Machinery
·
Staff Quarter
·
Labour Quarter
·
Electrical Installation
·
Office Equipments
·
Factory Equipments
·
Furniture and Fixtures
·
Computers
·
Vehicles
·
Air Conditioner
·
Laboratory Equipments
·
Computer Software
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. 56.49 |
|
|
1 |
Rs. 86.00 |
|
Euro |
1 |
Rs. 73.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
54 |
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.