1. Summary Information
|
Country |
India |
|
||
|
Company Name |
P P PRODUCTS PRIVATE LIMITED |
Principal Name 1 |
Mr. Suresh Kumar Ramsisaria |
|
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Chandra Prakash Ramsisaria |
|
|
Registration # |
21-051091 |
|
||
|
Street Address |
16 A,
Chowringhee Mansions, J L Nehru Road, Kolkata-700016, West Bengal, India |
|
||
|
Established Date |
12.03.1991 |
SIC Code |
-- |
|
|
Telephone# |
91-33-22174522 |
Business Style 1 |
Trader |
|
|
Fax # |
91-33-22275895 |
Business Style 2 |
-- |
|
|
Homepage |
-- |
Product Name 1 |
Polymer |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
|
Paid up capital |
Rs.34,446,000/- |
Product Name 3 |
-- |
|
|
Shareholders |
Bodies corporate - 28.74% Directors or relatives of Directors - 13.83% Other top fifty shareholders - 57.43% |
Banking |
State
Bank of India |
|
|
Public Limited Corp. |
NO |
Business Period |
22 Years |
|
|
IPO |
NO |
International Ins. |
- |
|
|
Public |
NO |
Rating |
Ba
(42) |
|
|
Related
Company |
|
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
Enterprises which are owned, or have significant influence
of or are partners with Key management personnel and their relatives |
-- |
Tarajyot Polymers Limited |
-- |
|
Note |
- |
|||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
585,276,000 |
Current Liabilities |
562,204,000 |
|
Inventories |
167,268,000 |
Long-term Liabilities |
30,635,000 |
|
Fixed Assets |
2,383,000 |
Other Liabilities |
5,763,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
598,602,000 |
|
Invest& other Assets |
1,961,000 |
Retained Earnings |
123,840,000 |
|
|
|
Net Worth |
158,286,000 |
|
Total Assets |
756,888,000 |
Total Liab. & Equity |
756,888,000 |
|
Total Assets (Previous Year) |
|
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
1,464,725,000 |
Net Profit |
7,587,000 |
|
Sales(Previous yr) |
1,176,802,000 |
Net Profit(Prev.yr) |
8,908,000 |
MIRA INFORM REPORT
|
Report Date : |
12.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
P P PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
16 A, Chowringhee Mansions, J L Nehru Road, Kolkata-700016, West
Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
12.03.1991 |
|
|
|
|
Com. Reg. No.: |
21-051091 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.34.446
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U32305WB1991PTC051091 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP5663N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trade of Polymers. |
|
|
|
|
No. of Employees
: |
Not Available |
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 630000 |
|
|
|
|
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 commitment. The company can be considered for normal business dealings at usual
trade terms and condition. |
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) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
RBI DEFAILTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAILTERS’ 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 Office : |
16 A, Chowringhee Mansions, J L Nehru Road, Kolkata-700016, West
Bengal, India |
|
Tel. No.: |
91-33-22174522 |
|
Fax No.: |
91-33-22275895 |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
37/12-1, Archana Complex, 4th Cross, Lalbagh Road,
Bangalore, India |
|
Tel. No.: |
91- 80- 22226081/ 22955159/ 22955239 |
DIRECTORS
As on: 30.07.2012
|
Name : |
Mr. Suresh Kumar Ramsisaria |
|
Designation : |
Director |
|
Address : |
37/ 12-1, Archana
Complex, 4th Cross, Lalbagh Road, Bangalore- 560027, Karnataka,
India |
|
Date of Birth/Age : |
10.07.1962 |
|
Date of Appointment : |
10.03.2010 |
|
PAN No.: |
ADEPR8800Q |
|
DIN No.: |
00312362 |
|
|
|
|
Name : |
Mr. Chandra Prakash Ramsisaria |
|
Designation : |
Director |
|
Address : |
37/ 2- 1, Archana Complex, 4th Cross, Lalbagh Road,
Bangalore- 560027, Karnataka, India |
|
Date of Appointment : |
30.09.1994 |
|
PAN No.: |
ADEPR8799L |
|
DIN No.: |
00312494 |
MAJOR SHAREHOLDERS
As on: 30.07.2012
Note: SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 30.07.2012
|
Category |
Percentage |
|
Bodies corporate |
28.74 |
|
Directors or relatives of Directors |
13.83 |
|
Other top fifty shareholders |
57.43 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trade of Polymers. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||
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|
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|
Bankers : |
|
|||||||||||||||||||||
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|
|||||||||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
S. Bhalotia and Associates Chartered Accountants |
|
Address : |
1F, East India, House20B, Abdul, Hamid Street, Kolkata,
West Bengal, India |
|
Tel. No.: |
91- 33- 40047183/84, 91- 33- 40047188 91- 33- 40070953 |
|
Fax No.: |
91- 33- 40047016 |
|
E-Mail : |
|
|
PAN No.: |
ABDFS9117L |
|
|
|
|
Enterprises which
are owned, or have
significant influence of or are
partners with Key management personnel and their
relatives : |
CIN No.: U51909WB1990PLC048568
CIN No.: U51909WB1984PLC037373
CIN No.: U25201WB1998PTC087099 |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs.100/- each |
Rs.35.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
344460 |
Equity Shares |
Rs.100/-
each |
Rs.34.446
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 |
|
34.446 |
34.446 |
|
(b) Reserves & Surplus |
|
123.840 |
116.252 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.036 |
|
(b) Deferred tax liabilities (Net) |
|
0.010 |
0.015 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
30.635 |
43.629 |
|
(b) Trade payables |
|
549.954 |
117.585 |
|
(c) Other current liabilities |
|
12.250 |
117.713 |
|
(d) Short-term provisions |
|
5.753 |
8.099 |
|
TOTAL |
|
756.888 |
437.775 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2.383 |
2.408 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
|
1.961 |
0.369 |
|
(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 |
|
12.850 |
16.995 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
167.268 |
245.421 |
|
(c) Trade receivables |
|
408.909 |
10.839 |
|
(d) Cash and cash equivalents |
|
128.470 |
126.293 |
|
(e) Short-term loans and advances |
|
34.163 |
32.742 |
|
(f) Other current assets |
|
0.884 |
2.708 |
|
TOTAL |
|
756.888 |
437.775 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
34.446 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
107.344 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
141.790 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
32.536 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
32.536 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
174.326 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
2.415 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
5.310 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
107.556 |
|
|
Sundry Debtors |
|
|
283.259 |
|
|
Cash & Bank Balances |
|
|
127.441 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
58.927 |
|
Total
Current Assets |
|
|
577.183 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
401.383 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
9.199 |
|
Total
Current Liabilities |
|
|
410.582 |
|
|
Net Current Assets |
|
|
166.601 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
174.326 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1464.725 |
1176.802 |
1339.694 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
1464.725 |
1176.802 |
1339.694 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
1453.135 |
1163.222 |
1308.658 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1453.135 |
1163.222 |
1308.658 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.590 |
13.580 |
31.036 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.142 |
0.159 |
0.176 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
11.448 |
13.421 |
30.860 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.861 |
4.513 |
0.309 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.587 |
8.908 |
31.169 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
48.627 |
39.719 |
8.549 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
56.215 |
48.627 |
39.718 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
22.03 |
25.86 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.52
|
0.76 |
2.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.52
|
3.07 |
5.32 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.07
|
0.09 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.19
|
0.29 |
0.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.24
|
1.46 |
1.40 |
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 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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U32305WB1991PTC051091 |
|
Name of the
company |
P P PRODUCTS PVT
LTD |
|
Address of the
registered office or of the principal place of business in |
16 A, Chowringhee
Mansionsj L Nehru Road, Kolkata – 700016, West Bengal, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10082856 |
|
Type of charge |
|
|
Particular of
charge holder |
State Bank of
Travancore (Commercial Branch), 3rd Floor, Vayudhoot Chambers, Trinity
Junction, M. G. Road, Bangalore - 560001, Karnataka, India |
|
Nature of
instrument creating charge |
Form C&I-8=
Supplemental Agreement of Loan for Increase in the Overall Working Capital
Limit. Form C&I-9=
Supplemental Agreement of Hypothecation of Goods and Assets for Increase in
the Overall Working Capital Limit. |
|
Date of
instrument Creating the charge |
19.04.2013 |
|
Amount secured by
the charge |
Rs.346.200
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest CC: 4.25% above
Base Rate (Floating), Presently at 14.50% p.a. Terms of Repayment CC: Repayable on
Demand Margin CC (Stock and
receivables): 25% LC: 20% Extent and Operation of the charge Hypothecation of entire
stocks of raw materials, receivables, book debts and other current assets,
and EM on collateral security created by deposit of the title deed of
Immovable property to the extent of total bank facilities of Rs 346.200
Millions (CC=25.000 Millions, LC=310.000 Millions and CEL=11.200 Millions) on
parri passu basis with SBI, SMC branch, Kumara park West, Bangalore for the
limits of Rs351.300 Millions (CC=25.000 Millions, LC=310.000 Millions,
BG=5.000 Millions and MTM+CEL=Rs11.300 Millions) Others Corporate
Guarantee of M/s. Midcon Polymers Private Limited. Personal
Guarantee of 1) Chandra
Prakash Ramsisaria, 2) Ram Awtar
Ramsisaria, 3) Mrs Bimla Devi
Ramsisaria, 4) Nupur
Ramsisaria, 5) Sunita Devi
Ramsisaria 6) Murli Manohar
Saraf Cash Collateral of Rs 5.000 Millions. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
EM of the
Property of the company situated at #3, 3rd Cross, Lalbagh Road,
Bangalore-560024, India |
|
Particulars of
the present modification |
The Total Bank
Facilities stand enhanced to Rs 346.200 Millions. |
FIXED ASSETS:
- Land
- Plant and
Machinery
- Office
equipment
- Scooter
- Car
- Computer and
Software
- Furniture and
Fittings
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 : |
RAJ |
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 |
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 |
|
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.