|
Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
CREATIVE LIMITED |
|
|
|
|
Formerly Known
As : |
CREATIVE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
12, Dargah Road, Kolkata – 700017, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
10.12.1991 |
|
|
|
|
Com. Reg. No.: |
21-053780 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.040 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19129WB1991PLC053780 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALC02342E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC0665R |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Selling of Leather and Leather Finished Goods. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 720000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having a moderate track record. There appears sharp dip its
income from operations and profit during 2012. The external borrowing appears
to be increasing. However, trade
relations are reported as fair. Business is active. Payment terms are 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.
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 |
CRISIL |
|
Rating |
Short Term Rating: A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
28.02.2013 |
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 Office : |
12, Dargah Road, Kolkata – 700017, West Bengal, India |
|
Tel. No.: |
91-33-22871690/ 3758/ 22903450/ 22900514/ 22807436/ 22807434 |
|
Mobile No.: |
91-9831012120 (Mr. Pradeep) 91-9831093250 (Mr. Basu) |
|
Fax No.: |
91-33-22870098 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Miajan Ostagar Lane, Kolkata –
700017, West Bengal, India |
DIRECTORS
(AS ON 31.03.2012)
|
Name : |
Mr. Pradip Kumar Bothra |
|
Designation : |
Director |
|
Address : |
7/1A, Sunny Park, Flat No.303, Block-B, Kolkata – 700019, West Bengal,
India |
|
Date of Birth/Age : |
24.06.1950 |
|
Date of Appointment : |
10.12.1991 |
|
DIN No : |
01116079 |
|
Voter ID No.: |
WB/23/152/108668 |
|
|
|
|
Name : |
Mr. Aloke Kumar De |
|
Designation : |
Director |
|
Address : |
295, Vivekananda Road, Near Children Park, Kolkata – 743276, West
Bengal, India |
|
Date of Birth/Age : |
13.04.1957 |
|
Date of Appointment : |
01.04.2012 |
|
DIN No.: |
01119771 |
|
|
|
|
Name : |
Mr. Raj Kumar Dhan Raj Sharma |
|
Designation : |
Director |
|
Address : |
25, Jelia Para, 1st Bye Lane, Howrah – 711101, West Bengal,
India |
|
Date of Birth/Age : |
25.08.1962 |
|
Date of Appointment : |
31.03.2012 |
|
DIN No.: |
05277079 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 23.08.2010)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Pradip Kumar Bothra |
|
620 |
|
Tridip Kumar Dugar |
|
620 |
|
P.K. Bothra (HUF) |
|
2500 |
|
T.K. Dugar (HUF) |
|
2500 |
|
Jupiter Credits Private Limited, |
|
600 |
|
Jupiter Projects Private Limited, |
|
600 |
|
Preetam Bothra |
|
200 |
|
Triansu Credits Private Limited, |
|
600 |
|
Triansu Resources Private Limited, |
|
600 |
|
Anu Dugar |
|
200 |
|
|
|
|
|
Total |
|
9040 |
(AS ON 30.09.2010)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies
corporate |
|
26.55 |
|
Directors
or relatives of directors |
|
73.45 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Selling of Leather and Leather Finished Goods. |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS (AS ON 31.03.2012)
|
Particulars |
Unit |
Installed Capacity |
Actual Production |
|
|
|
|
|
|
Ladies Bags and Wallets |
Nos. |
301,501 |
|
NOTES:
i.
Licensed capacity is not applicable in terms of the
Government of India Notification No. 477(E) dated 25th July, 1991.
ii.
Installed capacity, being technical matter, is as
certified by the management.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Bankers : |
v Allahabad Bank International
Branch, 119, Park Street, Kolkata – 700 016, West Bengal, India v The Hongkong and
Shanghai Banking Corporation Limited Hongkong House,
31, B.B.D. Bag, Kolkata – 700 001, West Bengal, India |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanjay Khandelwal and Company Chartered Accountants |
|
Address : |
118, Sarat Chatterjee Road, 1st Floor, Kolkata – 700089,
West Bengal, India |
|
PAN No.: |
AEZPK1686H |
|
|
|
|
Associate/Joint
Venture Concerns : |
v
Creative (UK) Limited |
|
|
|
|
|
v
Creative Nirman Private Limited v
Jupiter Credits Private Limited v
Jupiter Projects Private Limited v
Jupiter Enclave Private Limited |
CAPITAL STRUCTURE
(AS ON 31.03.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000 |
A Class Equity Shares |
Rs.1000/- each |
Rs.4.000 millions |
|
16000 |
B Class Equity Shares |
Rs.1000/- each |
Rs.16.000 millions |
|
100000 |
C Class Equity Shares |
Rs.1000/- each |
Rs.100.000 millions |
|
|
|
|
|
|
|
Total |
|
Rs.120.000
millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1040 |
A Class Equity Shares |
Rs.1000/- each |
Rs.1.040
millions |
|
8000 |
B Class Equity Shares |
Rs.1000/- each |
Rs.8.000
millions |
|
|
|
|
|
|
|
Total |
|
Rs. 9.040 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 |
|
9.040 |
9.040 |
|
(b) Reserves & Surplus |
|
170.319 |
167.089 |
|
(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 |
|
108.884 |
82.312 |
|
(b) Deferred tax liabilities (Net) |
|
5.468 |
5.385 |
|
(c) Other long term liabilities |
|
0.238 |
0.586 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
181.900 |
179.392 |
|
(b) Trade payables |
|
122.350 |
127.389 |
|
(c) Other current
liabilities |
|
26.728 |
26.477 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
TOTAL |
|
624.927 |
597.670 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
56.507 |
61.172 |
|
(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 |
|
33.606 |
13.606 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
2.807 |
2.782 |
|
(e) Other Non-current assets |
|
80.672 |
86.588 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
103.902 |
155.599 |
|
(c) Trade receivables |
|
309.938 |
247.556 |
|
(d) Cash and cash
equivalents |
|
1.564 |
1.407 |
|
(e) Short-term loans and
advances |
|
35.931 |
28.960 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
TOTAL |
|
624.927 |
597.670 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.040 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
161.133 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
170.173 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
117.207 |
|
|
2] Unsecured Loans |
|
|
64.171 |
|
|
TOTAL BORROWING |
|
|
181.378 |
|
|
DEFERRED TAX LIABILITIES |
|
|
4.943 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
356.494 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
61.468 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
13.606 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
140.087
|
|
|
Sundry Debtors |
|
|
154.223
|
|
|
Cash & Bank Balances |
|
|
2.370
|
|
|
Other Current Assets |
|
|
3.189
|
|
|
Loans & Advances |
|
|
119.693
|
|
Total
Current Assets |
|
|
419.562 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
84.336
|
|
|
Other Current Liabilities |
|
|
22.973
|
|
|
Provisions |
|
|
31.103
|
|
Total
Current Liabilities |
|
|
138.412
|
|
|
Net Current Assets |
|
|
281.150
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.270 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
356.494 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
274.262 |
506.352 |
545.009 |
|
|
|
Other Income |
36.967 |
5.059 |
13.875 |
|
|
|
TOTAL (A) |
311.229 |
511.411 |
558.884 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
126.266 |
235.029 |
286.377 |
|
|
|
Employee Benefit Expenses |
22.039 |
29.030 |
30.294 |
|
|
|
Other Expenses |
143.309 |
211.891 |
201.081 |
|
|
|
TOTAL (B) |
291.614 |
475.950 |
517.752 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.615 |
35.461 |
41.132 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
12.536 |
18.386 |
13.771 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
7.079 |
17.074 |
27.361 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.722 |
3.896 |
3.771 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.357 |
13.178 |
23.590 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.084 |
4.442 |
7.133 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.273 |
8.736 |
16.457 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
87.367 |
81.411 |
66.752 |
|
|
|
|
|
|
|
|
|
|
Sundry
Balances Written off |
0.000 |
(2.781) |
(1.798) |
|
|
|
Income
Tax Adjustment and Other |
0.958 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
90.598 |
87.367 |
81.411 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB value of exports |
229.206 |
457.657 |
475.701 |
|
|
|
Interest Received from Debtors |
0.058 |
3.875 |
5.664 |
|
|
TOTAL EARNINGS |
229.264 |
461.532 |
481.365 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Stores & Spares |
0.102 |
0.783 |
19.153 |
|
|
|
Trading Goods-Raw Materials |
12.580 |
36.095 |
17.658 |
|
|
|
Capital Goods |
0.000 |
2.433 |
3.148 |
|
|
TOTAL IMPORTS |
12.682 |
39.311 |
39.959 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
251.45 |
966.45 |
1820.44 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.73
|
1.71 |
2.94 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.22
|
2.60 |
4.33
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.57
|
2.26 |
4.90
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.02
|
0.07 |
0.14
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.62
|
1.49 |
1.07
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36
|
1.30 |
3.03
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
Yes |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
LONG TERM
BORROWINGS |
|
|
|
Other Loans |
|
|
|
- From Directors |
92.933 |
65.873 |
|
- From Others |
15.951 |
16.439 |
|
|
|
|
|
SHORT TERMS BORROWINGS |
|
|
|
From Body Corporates |
13.000 |
25.000 |
|
Other Advances |
3.000 |
12.000 |
|
|
|
|
|
Total |
124.884 |
119.312 |
OPERATIONS REVIEW
The turnover from
operations for the year was Rs.274.262 Millions as against Rs.506.352 Millions
in the previous year. Profit before tax for the year was Rs.3.357 Millions as
against Rs.13.311 Millions in the previous year.
FUTURE OUTLOOK
As reported in
their previous reports, they believe that investments made in human resources,
machines, research and development and technology will enable the Company to
achieve steady growth and maintain its leadership position.
Previous year's figures
are comparable with current year; Figures are regrouped and rearranged where
ever required.
FIXED ASSETS:
· Land-Freehold
· Buildings
· Plant and Machinery
· Furniture and Fixtures
· Office and Other Equipments
· Vehicles
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.58.41 |
|
|
1 |
Rs.91.62 |
|
Euro |
1 |
Rs.78.12 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
|
34 |
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.