|
Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
MAHIMA FIBRES PRIVATE LIMITED MAHIMA PURESPUN (A UNIT OF MAHIMA FIBRES PRIVATE LIMITED) |
|
|
|
|
Registered
Office : |
406, Corporate House, 169, 4th Floor, RNT Marg, Indore –
452001, Madhya Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
11.06.1998 |
|
|
|
|
Com. Reg. No.: |
10-012885 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.72.907 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111MP1998PTC012885 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BPLM04156F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCM4603N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Kapas Ginning and Pressing and Cotton Yarn. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 19500000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered for normal 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities : BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding
timely servicing of financial obligation, It carry moderate credit risk. |
|
Date |
February, 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.
LOCATIONS
|
Registered/ Corporate Office: |
406, Corporate House, 169, 4th Floor, RNT Marg, Indore –
452001, Madhya Pradesh, India |
|
Tel No.: |
91-731-2521021/ 4066642-43 |
|
Fax No.: |
91-731-2529556 (R) 2511124/ 2528157 |
|
E-Mail : |
|
|
|
|
|
Factory |
Plot No.73-74, Sector II, Pitambur Industrial Estate, Dhar – 452001,
Madhya Pradesh, India |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Rohit Doshi |
|
Designation : |
Director |
|
Address : |
15/1, South Tukoganj, Gorani Compound, Indore - 452001, Madhya Pradesh, India |
|
Date of Birth/Age : |
09.12.1975 |
|
Date of Appointment : |
31.10.2000 |
|
DIN No.: |
00126159 |
|
|
|
|
Name : |
Mr. Ashish Doshi |
|
Designation : |
Director |
|
Address : |
15/1, South Tukoganj, Gorani Compound, Indore - 452001,
Madhya Pradesh, India |
|
Date of Birth/Age : |
21.05.1977 |
|
Date of Appointment : |
01.11.2005 |
|
DIN No.: |
00486556 |
|
|
|
|
Name : |
Mr. Ashok Kumar Doshi |
|
Designation : |
Director |
|
Address : |
15/1, South Tukoganj, Gorani Compound, Indore - 452001,
Madhya Pradesh, India |
|
Date of Birth/Age : |
08.09.1953 |
|
Date of Appointment : |
11.06.1998 |
|
DIN No.: |
00126380 |
|
|
|
|
Name : |
Mr. Abhishek Kumar Doshi |
|
Designation : |
Director |
|
Address : |
15/1, South Tukoganj, Gorani Compound, Indore - 452001,
Madhya Pradesh, India |
|
Date of Birth/Age : |
02.12.1979 |
|
Date of Appointment : |
11.06.1998 |
|
PAN No.: |
ABJPD2888B |
|
DIN No.: |
00961060 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ashok Kumar Doshi |
|
1127000 |
|
Nirmal Kumar Doshi |
|
239100 |
|
Vinod Kumar Doshi |
|
175200 |
|
Ashish Doshi |
|
266600 |
|
Abhishek Kumar Doshi |
|
571760 |
|
Pawan Kumar Doshi |
|
259000 |
|
Chanda Doshi |
|
30000 |
|
Manju Doshi |
|
181000 |
|
Rohit Doshi |
|
887350 |
|
Rahul Doshi |
|
240500 |
|
Rani Doshi |
|
352660 |
|
Chhavi Doshi |
|
104000 |
|
Shilpa Doshi |
|
119500 |
|
Pooja Doshi |
|
120500 |
|
Bafna Ginning and Pressing Private Limited, India |
|
1000000 |
|
Alka Diamond Industries Limited, India |
|
80000 |
|
Raghunandan Rayons Limited, India |
|
40000 |
|
Triangular Infocom Limited, India |
|
87000 |
|
Yash-V Jewels Limited, India |
|
75000 |
|
Vanguard Jewels Limited, India |
|
85000 |
|
Mahima Cotex Private Limited, India |
|
500000 |
|
Pooja Fibres Private Limited, India |
|
362000 |
|
Alpha Chemie Trade Agencies Private Limited, India |
|
10000 |
|
Casper Enterprises Private Limited, India |
|
57500 |
|
Javda India Impex Limited, India |
|
100000 |
|
Kush Hindustan Entertainment Limited, India |
|
90000 |
|
Nakshatra Business Private Limited, India |
|
65000 |
|
Olive Overseas Private Limited, India |
|
40000 |
|
Talent Infoway Limited, India |
|
25000 |
|
|
|
|
|
Total |
|
7290670 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
35.89 |
|
Directors or relatives of Directors |
|
64.11 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Kapas Ginning and Pressing and Cotton Yarn.
|
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Kapas Ginning and Pressing |
17718 MT |
17718 MT |
8583132 KGS |
|
Cotton Yarn |
12240 MT |
6800 MT |
6795475 KGS |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
·
Central Bank of India MID Corporate Branch, Phase 1, Palika Plaza, Second Floor, MTH
Compound, Indore - 452007, Madhya Pradesh, India ·
State Bank of India Commercial Branch, A.B. Road, Near GPO, Indore - 452001, Madhya Pradesh,
India ·
State Bank of Indore Bakaner Branch, Dhar, Madhya Pradesh, India |
||||||||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Maheshwari and Gupta Chartered Accountant |
|
Address : |
312-314 Manas Bhawan Extension, 11/2 RNT Marg, Indore - 452001, Madhya
Pradesh, India |
|
Tel. No.: |
91-731-2525771/73 |
|
Fax No.: |
91-731-2525770 |
|
E-Mail : |
|
|
PAN No.: |
AABFM9020B |
|
|
|
|
Enterprises
which are owned, or have significant influence of or are partners with Key
management personnel and their relatives: |
· Pooja Fibres Private Limited, India · Mahima Cotex Private Limited, India · Delight Cotton Private Limited, India · Rachna Textiles (India) Private Limited, India · Nidhi Cotton Industries Private Limited, India · Bafna Ginning and Pressing Private Limited, India |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8000000 |
Equity Shares |
Rs.10/- each |
Rs.80.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7290670 |
Equity Shares |
Rs.10/- each |
Rs.72.907
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 |
|
72.907 |
71.857 |
|
(b) Reserves & Surplus |
|
413.429 |
295.797 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2)
Share Application money pending allotment |
|
0.000 |
10.500 |
|
|
|
4876.336 |
378.154 |
|
(3) Non-current
liabilities |
|
|
|
|
(a) long-term borrowings |
|
634.117 |
625.367 |
|
(b) Deferred tax liabilities (Net) |
|
81.784 |
65.495 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short
term borrowings |
|
466.695 |
292.110 |
|
(b) Trade
payables |
|
562.484 |
362.130 |
|
(c) Other
current liabilities |
|
110.989 |
121.606 |
|
(d) Short-term
provisions |
|
6.792 |
5.978 |
|
TOTAL |
|
2349.197 |
1850.840 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
956.216 |
886.891 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(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 |
|
12.530 |
11.033 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
503.396 |
531.361 |
|
(c) Trade
receivables |
|
469.530 |
210.152 |
|
(d) Cash
and cash equivalents |
|
75.590 |
45.840 |
|
(e)
Short-term loans and advances |
|
243.706 |
122.458 |
|
(f) Other
current assets |
|
88.229 |
43.105 |
|
TOTAL |
|
2349.197 |
1850.840 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
71.856 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
220.696 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
292.552 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
634.626 |
|
|
2] Unsecured Loans |
|
|
32.659 |
|
|
TOTAL BORROWING |
|
|
667.285 |
|
|
DEFERRED TAX LIABILITIES |
|
|
52.926 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1012.763 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
601.373 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
135.756 |
|
|
Sundry Debtors |
|
|
288.568 |
|
|
Cash & Bank Balances |
|
|
35.611 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
221.329 |
|
Total
Current Assets |
|
|
681.264 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
256.899 |
|
|
Provisions |
|
|
12.975 |
|
Total
Current Liabilities |
|
|
269.874 |
|
|
Net Current Assets |
|
|
411.390 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1012.763 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL (A) |
NA |
NA |
3719.547 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
3536.516 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
339.726 |
252.177 |
183.031 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
131.225 |
94.213 |
74.877 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
208.501 |
157.964 |
108.154 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
52.031 |
46.825 |
31.705 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
156.470 |
111.139 |
76.449 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
48.289 |
35.269 |
25.601 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
108.181 |
75.870 |
50.848 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
3244.470 |
2922.057 |
1010.074 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.84 |
10.56 |
7.55 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA |
1.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.35
|
5.51 |
5.96 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.29 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.26
|
2.43 |
2.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
1.43 |
2.52 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
11] |
Turnover of firm for last one 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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Short Term
Borrowing |
|
|
|
Intercorporate deposits |
58.063 |
4.652 |
|
Loans and advances from directors |
20.011 |
71.265 |
|
|
|
|
|
Total |
78.074 |
75.917 |
NOTE:
The Registered office address of the company has been shifted from 15/1,
South Tukoganj, Indore-452001, Madhya Pradesh, India to present w.e.f.
14.01.2009
FORM 8
|
Corporate
identity number of the company |
U17111MP1998PTC012885 |
|
Name of the
company |
MAHIMA FIBRES
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
406, Corporate House, 4th Floor, RNT Marg, Indore-452001, e-mail: mahimaaccounts@gmail.com
|
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10299062 |
|
Type of charge |
· Immovable property ·
Others (T.L. FOR 4TH EXPANSION) |
|
Particular of
charge holder |
Central Bank of MID Corporate Branch, Phase 1, Palika Plaza, Second Floor, MTH
Compound, Indore-452007, Madhya Pradesh, India e-mail: cmindo0764@centralbank.co.in |
|
Nature of
instrument creating charge |
Letter of hypothecation
dated 03.09.2012 |
|
Date of
instrument Creating the charge |
03.09.2012 |
|
Amount secured by
the charge |
Rs.126.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As Per Agreement Terms of Repayment As Per Agreement Margin As Per Agreement Extent and Operation of the charge As Per Agreement Others As Per Agreement |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Exclusive 1st
Charge Over Entire Fixed Assets To Be Created Out of Capex for 4th Expansion. |
|
Date of
instrument modifying the charge |
05.07.2011 |
|
Particulars of
the present modification |
2nd Pari Passu Charge
Over Current Assets of The Company ( Current as well as Future) |
FIXED ASSETS:
· Land
· Building
·
· Plant and Machinery
· Electrical Installation
· Fire Fighting System
· Vehicle
· Furniture and Fixtures
· Office Equipments
· Computer
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.58.93 |
|
|
1 |
Rs.91.81 |
|
Euro |
1 |
Rs.78.18 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
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 |
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 |
|
43 |
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.