MIRA
INFORM REPORT
|
Report Date : |
25.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Formerly Known
As : |
|
|
|
|
|
Registered
Office : |
Village Vadavali, Taluka Kalyan, Thane-421301, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
23.02.1962 |
|
|
|
|
Com. Reg. No.: |
11-012282 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 100.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21010MH1962PLC012282 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMA20213E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA0149A |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability |
|
|
|
|
Line of Business
: |
Manufacture of Newsprint Paper and Poster Paper |
|
|
|
|
No. of Employees
: |
Information denied by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (14) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Poor |
|
|
|
|
Payment Behaviour : |
Delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having a poor track record. The financial position of the company is weak and fully eroded. There appears
sharp dip in the company’s turnover. The continuous losses have resulted into
huge accumulated losses in the of the company. Mr. R R Bajaj, General Manager has confirmed that during 2012 only the
paper machine No.1 at kalian unit was in operation and the paper machine 2 at
Kalyan unit and Jhagadia unit remained inoperative. He also confirmed that
the company will be closed down very soon due to severe financial crisis
faced by the company. Business is active. Payment terms are delayed. The company can be considered for business dealings only on a safe and
fully secured 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 PARTED BY
|
Name : |
Mr. R R Bajaj |
|
Designation : |
General Manager |
|
Contact No.: |
91-22-32461425 |
|
Date : |
24.06.2013 |
LOCATIONS
|
Registered Office / Factory 1 : |
Village Vadavali, Taluka Kalyan, Thane-421301, Maharashtra, India |
|
Tel. No.: |
91-251-29251367 91-22-32461425 |
|
Fax No.: |
91-251-2271484 / 29251367 |
|
E-Mail : |
|
|
|
|
|
Factory 2 : |
Plot No. 778, GIDC, Jhagadia – 393110, |
|
Tel. No.: |
91-2645-226136 |
|
Fax No.: |
91-2645-226135 |
|
|
|
|
Corporate Office : |
Raj Industrial Estate, Military Road, Marol, Andheri (East), Mumbai,
Maharashtra, India |
|
Tel. No.: |
91-22-32461425 |
|
Location : |
Rented |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Rajesh Kedia |
|
Designation : |
Director |
|
Address : |
Sagar Jyoti Plot No. 18, Road No. 6, JVPD Scheme, Vile Parle (W),
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
04.03.1955 |
|
Date of Appointment : |
01.01.1994 |
|
DIN No.: |
00246232 |
|
|
|
|
Name : |
Mr. Pradeep Hardukar Kedia |
|
Designation : |
Director |
|
Address : |
Sagar Jyoti Plot No. 18, Road No. 6, JVPD Scheme, Vile Parle (W),
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
08.08.1958 |
|
Date of Appointment : |
29.06.2001 |
|
DIN No.: |
00246337 |
|
|
|
|
Name : |
Mr. Sitaram Kedia |
|
Designation : |
Managing Director |
|
Address : |
Sagar Jyoti Plot No. 18, Road No. 6, JVPD Scheme, Vile Parle (W),
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
09.07.1941 |
|
Date of Appointment : |
23.02.1962 |
|
DIN No.: |
00637563 |
|
|
|
|
Name : |
Mr. Arun Kedia |
|
Designation : |
Whole Time Director |
|
Address : |
Sagar Jyoti Plot No. 18, Road No. 6, JVPD Scheme, Vile Parle (W),
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
06.12.1955 |
|
Date of Appointment : |
01.01.1994 |
|
DIN No.: |
01339496 |
|
|
|
|
Name : |
Mr. Paban Kedia |
|
Designation : |
Whole Time Director |
|
Address : |
Sagar Jyoti Plot No. 18, Road No. 6, JVPD Scheme, Vile Parle (W),
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
15.11.1954 |
|
Date of Appointment : |
20.02.1999 |
|
DIN No.: |
01380529 |
|
|
|
|
Name : |
Mr. Ashok Poddar |
|
Designation : |
Director |
|
Address : |
701, Vikarm Apartment, Jani Kutir, Juhu Church Road, Mumbai-400049, Maharashtra,
India |
|
Date of Birth/Age : |
17.02.1946 |
|
Date of Appointment : |
05.10.2009 |
|
DIN No.: |
02823239 |
KEY EXECUTIVES
|
Name : |
Mr. R R Bajaj |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
Note: Shareholder
details file attached.
AS ON 29.09.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Bodies corporate |
57.20 |
|
Directors or relatives of Directors |
40.45 |
|
Other top fifty shareholders |
2.35 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture of Newsprint Paper and Poster Paper |
||||||
|
|
|
||||||
|
Products : |
|
PRODUCTION STATUS (AS ON : 31.03.2011)
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Paper |
MT |
32250 |
7214 |
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
Canara Bank |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M. L. Sharma and Company Chartered Accountant |
|
Address : |
107, Chartered House, 297-299, |
|
PAN No.: |
AAAFM5600N |
|
|
|
|
Associates : |
·
Kedia Estate Private Limited ·
Panchsheel Latex Private Limited ·
Cellpap Agencies Private Limited ·
Cellpap India Private Limited ·
Cellpap Mercantiles Private Limited ·
Aidek Finvest Private Limited ·
Atnaja Finvest Private Limited ·
Ajanta Credit Resources Private Limited ·
Ajanta Newsprint and Papers Private Limited ·
Panchsheel Paper Mills Limited ·
S.K. Paper Machines Private Limited ·
Kedia Lamikote (India) Limited ·
Kedia Mercantile Private Limited ·
Skan Packaging and Investment Private Limited ·
Malabar Papers Private Limited ·
Kedia Investment Private Limited ·
H.P. Kedia Agriculture Farm |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 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 |
|
100.000 |
100.000 |
|
(b) Reserves & Surplus |
|
(374.344) |
(351.645) |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
(274.344) |
(251.645) |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.756 |
0.756 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
0.756 |
0.756 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
0.876 |
1.326 |
|
(b) Trade payables |
|
14.575 |
17.904 |
|
(c) Other current
liabilities |
|
551.293 |
550.742 |
|
(d) Short-term provisions |
|
6.100 |
5.688 |
|
Total Current Liabilities (4) |
|
572.844 |
575.660 |
|
|
|
|
|
|
TOTAL |
|
299.256 |
324.771 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
213.339 |
233.262 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
1.206 |
1.206 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
15.836 |
15.836 |
|
(e) Other Non-current assets |
|
0.676 |
0.676 |
|
Total Non-Current Assets |
|
231.057 |
250.980 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
16.453 |
21.398 |
|
(c) Trade receivables |
|
3.862 |
5.988 |
|
(d) Cash and cash
equivalents |
|
10.019 |
8.519 |
|
(e) Short-term loans
and advances |
|
26.103 |
26.240 |
|
(f) Other current
assets |
|
11.762 |
11.646 |
|
Total Current Assets |
|
68.199 |
73.791 |
|
|
|
|
|
|
TOTAL |
|
299.256 |
324.771 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
100.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
15.000 |
|
|
4] (Accumulated Losses) |
|
|
(327.803) |
|
|
NETWORTH |
|
|
(212.803) |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
541.111 |
|
|
2] Unsecured Loans |
|
|
2.426 |
|
|
TOTAL BORROWING |
|
|
543.537 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
330.734 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
253.428 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.206 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
33.582 |
|
|
Sundry Debtors |
|
|
34.891 |
|
|
Cash & Bank Balances |
|
|
4.546 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
70.132 |
|
Total
Current Assets |
|
|
143.151 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
55.060 |
|
|
Other Current Liabilities |
|
|
11.991 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
67.051 |
|
|
Net Current Assets |
|
|
76.100 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
330.734 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
87.699 |
204.090 |
439.711 |
|
|
|
Other Income |
1.307 |
2.421 |
2.422 |
|
|
|
TOTAL (A) |
89.006 |
206.511 |
442.133 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
34.365 |
111.663 |
457.584 |
|
|
|
Employee benefit expense |
10.928 |
19.392 |
|
|
|
|
Other expenses |
43.764 |
89.849 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
2.629 |
4.237 |
|
|
|
|
TOTAL (B) |
91.686 |
225.141 |
457.584 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(2.680) |
(18.630) |
(15.451) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.096 |
0.095 |
6.178 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(2.776) |
(18.725) |
(21.629) |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
19.923 |
20.117 |
20.407 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
(22.699) |
(38.842) |
(42.036) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
(22.699) |
(38.842) |
(42.036) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
(314.490) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
(356.526) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
2.807 |
10.556 |
14.152 |
|
|
TOTAL EARNINGS |
2.807 |
10.556 |
14.152 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
0.169 |
17.857 |
|
|
|
Stores & Spares |
NA |
0.000 |
0.042 |
|
|
TOTAL IMPORTS |
NA |
0.169 |
17.899 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(2.27) |
(3.88) |
(4.20) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(25.50)
|
(18.81) |
(9.51) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(25.88)
|
(19.03) |
(9.56) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(7.62)
|
(12.00) |
(10.60) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.15 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00
|
(0.01) |
(2.55) |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.12
|
0.13 |
2.13 |
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 |
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) |
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 |
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 Loan |
Rs.
In Millions 31.03.2012 |
Rs.
In Millions 31.03.2011 |
|
Short Term
Borrowings |
|
|
|
Loans and advances from related parties |
0.500 |
0.950 |
|
|
|
|
|
TOTAL |
0.500 |
0.950 |
SUNDRY CREDITORS
DETAILS
(Rs.
In Millions)
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Sundry Creditors
|
14.575 |
17.904 |
|
|
Creditors Due Others |
-- |
-- |
55.060 |
|
|
|
|
|
|
TOTAL |
14.575 |
17.904 |
55.060 |
NOTE
Registered office
has been shifted from 704 – Crystal Plaza, 7th Floor, Andheri Ghatkopar
Link Road, Chakala, Andheri (East), Mumbai – 400099, Maharashtra, India to the
present address w.e.f. 01.11.2010.
OPERATIONS
The Production of
paper during the year was 1540 MT in comparison to 7214 MT in previous year.
The sales turnover was Rs.91.844 Millions as against Rs.204.189 Millions in
previous year. The company incurred loss of Rs.2.776 Millions before interest,
depreciation and taxation in comparison to a loss of Rs.18.724 Millions in last
year. The Paper Machine No.1 at Kalyan Unit was in operation during the year.
The Paper Machine No.2 at Kalyan Unit and Paper Machine at Jhagadia Unit
remained inoperative during the year. The Profit and Loss Account for the year
was including the security and other administrative expenses incurred at
Jhagadia Unit
FUTURE PROSPECTS
The company has no
working capital support and the production activities have become limited to
Paper Machine No.1 at Kalyan Unit. It is unlikely to restart the operations at
Jhagadia Unit in near future. The directors have been trying to finalize the
settlement terms with the secured lenders, however, could not succeed due to
lack of Investors' interest in paper industry.
FIXED ASSETS
·
Goodwill
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Vehicles
·
Software Programme
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 records 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. 59.73 |
|
|
1 |
Rs. 91.81 |
|
Euro |
1 |
Rs. 78.23 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
14 |
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.