MIRA INFORM REPORT
|
Report Date : |
10.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
RATHI VESSELS AND SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1162/2, Shivaji Nagar, Pune – 411005, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.08.2008 |
|
|
|
|
Com. Reg. No.: |
11-132660 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29299PN2008PTC132660 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNER10399E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECR1029B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Supplier of Process Equipments for
various applications like Mixing, Separation, Drying, Heat Recovery, Storage
and Reaction vessels, and other Application Specific Equipments. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 234000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Even though the net profit of the company has seen a slight dip, the
sales turnover has tremendously increased. Financially the company is
performing well but the external borrowings appear to be increasing year on
year during 2012. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. The company can be considered normal 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 DECLINED BY
|
Name : |
Mr. Jayant |
|
Designation : |
Head Finance |
|
Contact No.: |
91-20-25666745 |
|
Date : |
10.06.2013 |
LOCATIONS
|
Registered Office : |
1162/2, Shivaji Nagar, Pune – 411005, Maharashtra, India |
|
Tel. No.: |
91-20-25666273 |
|
Fax No.: |
91-20-25666276 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
3rd Floor, "Sai-Icon", Plot No. 10, Baner Road, Pune – 411007,
Maharashtra, India |
|
Tel. No.: |
91-20-25666745/ 46/ 47 |
|
Fax No.: |
91-20-25666744 |
|
E-Mail : |
|
|
|
|
|
Marketing Offices : |
Located at: Ø Mumbai Ø Delhi Ø Chennai Ø Hyderabad Ø Baroda |
|
|
|
|
Factory : |
Plot 292. Sector No. 7, PCNTDA, Bhosari, Pune – 411026, Maharashtra,
India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Kishor Laxminarayan Rathi |
|
Designation : |
Director |
|
Address : |
C-4 Abhimanshree Society, Pashan Road, Pune – 411008, Maharashtra,
India |
|
Date of Birth/Age : |
27.10.1938 |
|
Date of Appointment : |
21.08.2008 |
|
DIN No.: |
00018567 |
|
|
|
|
Name : |
Mr. Pradeep Ramwilas Rathi |
|
Designation : |
Director |
|
Address : |
2 Boat Club Road, Pune – 411001, Maharashtra, India |
|
Date of Birth/Age : |
20.05.1953 |
|
Date of Appointment : |
21.08.2008 |
|
DIN No.: |
00018577 |
|
|
|
|
Name : |
Mr. Narayandas Jagannath Rathi |
|
Designation : |
Director |
|
Address : |
113/3 Koregaon Park, Lane No. 4A, Pune – 411001, Maharashtra, India |
|
Date of Birth/Age : |
18.05.1935 |
|
Date of Appointment : |
21.08.2008 |
|
DIN No.: |
00018597 |
|
|
|
|
Name : |
Mr. Ajay Balkrishna Rathi |
|
Designation : |
Director |
|
Address : |
60 Baner Road, Aundh, Pune – 411007, Maharashtra, India |
|
Date of Birth/Age : |
28.07.1956 |
|
Date of Appointment : |
21.08.2008 |
|
DIN No.: |
00018614 |
|
|
|
|
Name : |
Mr. Rajesh Balkrishna Rathi |
|
Designation : |
Director |
|
Address : |
94/13 14, Lane No. 11, Prabhat Road, Pune – 411004, Maharashtra, India |
|
Date of Birth/Age : |
30.11.1968 |
|
Date of Appointment : |
21.08.2008 |
|
DIN No.: |
00018628 |
|
|
|
|
Name : |
Mr. Suresh Bhikaji Deshpande |
|
Designation : |
Director |
|
Address : |
612/7 Flat No. B/2 601, Gagan Vihar Market Yard, Pune – 411037,
Maharashtra, India |
|
Date of Birth/Age : |
01.06.1949 |
|
Date of Appointment : |
19.08.2009 |
|
DIN No.: |
00405565 |
KEY EXECUTIVES
|
Name : |
Mr. Jayant |
|
Designation : |
Head Finance |
|
|
|
|
Name : |
Mr. Ganesh K |
|
Designation : |
Sales Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rathi Enterprises Private Limited, India |
|
2499999 |
|
Ajay B Rathi |
|
1 |
|
|
|
|
|
Total |
|
2500000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Supplier of Process Equipments for
various applications like Mixing, Separation, Drying, Heat Recovery, Storage
and Reaction vessels, and other Application Specific Equipments. |
||||
|
|
|
||||
|
Products/ Services : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
Ø Vijaya Bank,
Vinayak Nivas, 1206/A-32, Shirole Road, Opposite Sambhaji Park, Pune -
411004, Maharashtra, India Ø Bank of
Maharashtra |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
|
|||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Amarendra Athalya and Company Chartered Accountants |
|
Address : |
Office No.9. 2nd Floor, Chitralekha Chambers, 129 Ideal Colony, Paud
Road, Pune – 411038, Maharashtra, India |
|
Tel. No.: |
91-20-25443943 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ABWPA4607J |
|
|
|
|
Holding Company : |
Rathi Enterprises Private Limited [U24100PN2008PTC132573] |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 25.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
25.000 |
8.500 |
3.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
33.492 |
22.986 |
10.899 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
58.492 |
31.486 |
14.399 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
134.269 |
66.201 |
64.982 |
|
|
2] Unsecured Loans |
47.500 |
40.000 |
0.000 |
|
|
TOTAL BORROWING |
181.769 |
106.201 |
64.982 |
|
|
DEFERRED TAX LIABILITIES |
2.700 |
1.770 |
1.403 |
|
|
|
|
|
|
|
|
TOTAL |
242.961 |
139.457 |
80.784 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
33.751 |
21.223 |
15.566 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
133.151
|
73.709 |
39.585 |
|
|
Sundry Debtors |
166.121
|
120.432 |
71.276 |
|
|
Cash & Bank Balances |
15.820
|
0.043 |
5.007 |
|
|
Other Current Assets |
16.450
|
8.191 |
0.000 |
|
|
Loans & Advances |
21.832
|
15.601 |
14.446 |
|
Total
Current Assets |
353.374
|
217.976 |
130.314 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
116.693
|
83.842 |
48.783 |
|
|
Other Current Liabilities |
25.461
|
13.090 |
11.910 |
|
|
Provisions |
2.010
|
2.810 |
4.403 |
|
Total
Current Liabilities |
144.164
|
99.742 |
65.096 |
|
|
Net Current Assets |
209.210
|
118.234 |
65.218 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
242.961 |
139.457 |
80.784 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
413.780 |
320.480 |
198.480 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
394.680 |
301.230 |
186.660 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
19.100 |
19.250 |
11.820 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.570 |
2.500 |
1.150 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
15.530 |
16.750 |
10.670 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
5.030 |
4.660 |
3.830 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
10.500 |
12.090 |
6.840 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
20.980 |
10.290 |
4.050 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
1.400 |
0.600 |
|
|
BALANCE CARRIED
TO THE B/S |
31.480 |
20.980 |
10.290 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
7.902 |
8.141 |
8.114 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.20 |
14.23 |
8.05 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.54
|
3.77 |
3.45 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.01
|
7.00 |
7.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.53 |
0.74 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.11
|
3.37 |
4.51 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.45
|
2.19 |
2.00 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Trade payables |
116.693
|
83.842 |
48.783 |
|
|
|
|
|
|
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 |
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 |
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 |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Intercorporate Deposit |
47.500 |
40.000 |
|
Total |
47.500 |
40.000 |
WORKING
OF THE COMPANY:
Total
income amounted Rs. 413.780 million during trie Financial Year 2011-12 as against
Rs. 320.480 millions achieved during the previous financial Year 2010 - 2011
thereby recording an impressive growth of 77%. The Profit After Tax has is Rs. 10.500 millions
as compared to Rs.12.090 millions achieved during the previous financial Year.
OUTLOOK
FOR THE FUTURE:
The Company is now well established in the market, as we have developed dedicated vendors. Quality, delivery and the technology now is fairly established. The Company's Customer Base has shown an upward trend and this, is likely to continue in the current Financial Year also. Barring unforeseen circumstances, the Company expects better results in the Current Financial Year.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U29299PN2008PTC132660 |
|
Name of the
company |
RATHI VESSELS AND
SYSTEMS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
1162/2, Shivaji Nagar, Pune – 411005, Maharashtra, India Email: ceo@rathivessels.com |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
10302225 |
|
Type of charge |
Book debts Movable property (not being pledge) |
|
Particular of
charge holder |
Vijaya Bank,
Vinayak Nivas, 1206/A-32, Shirole Road, Opposite Sambhaji Park, Pune -
411004, Maharashtra, India Email: cadeepakagarwal@gmail.com |
|
Nature of
description of the instrument creating or modifying the charge |
1. Supplementary
Agreement 2. Counter
Indemnity |
|
Date of
instrument Creating the charge |
02.06.2012 |
|
Amount secured by
the charge |
Rs. 283.756
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest On both Fund
based Working Capital Limits and Term Loans: BR + 2.50% P.A. i.e. presently
12.95% P.A. on monthly rest (Floating) Terms of Repayment CCH Limit Rs. 145.000 Millions: Facility for a period
of 1 year from the date of sanction. BG Limit Rs. 125.000 Millions: As per HOC
134/09 and HOC 12075. Term Loan 1
Rs. 6.256 Millions: To Continue as
per existing sanction terms and conditions. Term Loan 2
Rs. 7.500 Millions : To Continue as per existing sanction
terms and conditions. Margin CCH Limit Rs.
145.000 Millions: 25% on stock and book debts BG Limit Rs. 125.000 Millions: Performance
Guarantee and Financial Guarantee: 15% Cash Margin BG's against any
disputed liabilities to have 100% Cash Margin Term Loan 1 Rs.
6.256 Millions: To Continue as per existing sanction terms and conditions. Term Loan 2 Rs.
7.500 Millions: To Continue as per existing sanction terms and conditions. Extent and Operation of the charge 1st Charge |
|
Short particulars
of the property charged |
CCH: 1.
Hypothecation of entire stocks of Raw Materials, Semi Finished Goods and
Finished Goods of Vessels, Tanks, Agitators, Industrial Mixers etc 2. Assignment of
entire Book Debts / Receivables of the reputed companies. BG: 1. Cash
Margin: 15% Cash Margin for both financial and performance guarantees. 100%
Cash Margin for BGs against any disputed liabilities. 2. Counter
Guarantee of the Borrower Company 3. Extended
Charge on all current assets. Collateral
Security: Exclusive Charge on the fixed assets of the company. The WDV of
Plant and Machinery, Vehicles, Furniture and Fixture, Office Equipments,
Computer, is Rs. 13.600 Millions as per AFS as at 31.03.2011 Both Term Loans:
To Continue as per existing sanction terms and conditions. |
|
Date of
Modification |
19.12.2011 |
|
Particulars of
the present modification |
Company is
already availing total loan/limit of Rs. 186.256 Millions in which cash
credit facility is of Rs.95.000 Millions. Bank then sanctioned adhoc cash
Credit limit of Rs.10.000 Millions for a period of 2 months (Total amount of
loan/ limit came to Rs.196.256 Millions) Now the Total
loan / limit enhanced to Rs.283.756 Millions. Break up is as under: CCH Limit: Rs.
145.000 Millions Bank Guarantee:
Rs. 125.000 Millions Term Loan 1: Rs.
7.500 Millions Term Loan 2: Rs.
6.256 Millions |
CONTINGENT
LIABILITIES:
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. in Millions) |
|
|
Excise Duty |
0.500 |
0.000 |
|
Bank Guarantee |
|
|
|
Bank of Maharashtra |
29.166 |
61.427 |
|
Vijaya Bank |
55.331 |
0.000 |
FIXED ASSETS:
Ø Plant and
Machinery
Ø Vehicles
Ø Furniture and
Fixture
Ø Office Equipment
Ø Data Processing
Equipments
Ø 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. 56.74 |
|
|
1 |
Rs. 88.53 |
|
Euro |
1 |
Rs. 75.20 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
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.