MIRA
INFORM REPORT
|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANIL HASTKALA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
87, Vikash Path, Alwar – 301001, Rajasthan |
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Country : |
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|
|
|
|
Financials (as
on) : |
31.03.2012 |
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|
|
|
Date of
Incorporation : |
17.04.2001 |
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|
|
|
Com. Reg. No.: |
17-016977 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51100RJ2001PTC016977 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Handicraft items and Allied Product. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 22000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The company can be considered 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.
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 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. Arpit |
|
Designation : |
Director |
|
Contact No.: |
91-9414023501 |
|
Date : |
24.06.2013 |
LOCATIONS
|
Registered Office / Factory : |
87, Vikash Path, Alwar – 301001, Rajasthan, India |
|
Tel. No.: |
91-144-2339747/2338621 |
|
Mobile No.: |
91-9414023501 (Mr. Arpit) |
|
Fax No.: |
91-144-2339747 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Bchchu Singh Jain |
|
Designation : |
Director |
|
Address : |
87, Vikash Path, Alwar – 301001, Rajasthan, India |
|
Date of Appointment : |
08.01.2002 |
|
DIN No.: |
0070992 |
|
|
|
|
Name : |
Mr. Dharam Chand Jain |
|
Designation : |
Director |
|
Address : |
87, Vikash Path, Alwar – 301001, Rajasthan, India |
|
Date of Appointment : |
08.01.2002 |
|
DIN No.: |
00709952 |
|
|
|
|
Name : |
Mr. Anil Kumar Jain |
|
Designation : |
Director |
|
Address : |
87, Vikash Path, Alwar – 301001, Rajasthan, India |
|
Date of Appointment : |
08.01.2002 |
|
DIN No.: |
00710014 |
|
|
|
|
Name : |
Mr. Arpan Jain |
|
Designation : |
Director |
|
Address : |
87, Vikash Path, Alwar – 301001, Rajasthan, India |
|
Date of Appointment : |
08.01.2002 |
|
DIN No.: |
00710059 |
|
|
|
|
Name : |
Mrs. Nupur Jain |
|
Designation : |
Director |
|
Address : |
87, Vikash Path, Alwar – 301001, Rajasthan, India |
|
Date of Appointment : |
01.12.2004 |
|
DIN No.: |
00710223 |
|
|
|
|
Name : |
Mrs. Annu Jain |
|
Designation : |
Director |
|
Address : |
87, Vikash Path, Alwar – 301001, Rajasthan, India |
|
Date of Appointment : |
08.01.2002 |
|
DIN No.: |
00713332 |
|
|
|
|
Name : |
Mrs. Madhu Jain |
|
Designation : |
Director |
|
Address : |
87, Vikash Path, Alwar – 301001, Rajasthan, India |
|
Date of Appointment : |
08.01.2002 |
|
DIN No.: |
00713351 |
|
|
|
|
Name : |
Mrs. Geeta Jain |
|
Designation : |
Director |
|
Address : |
87, Vikash Path, Alwar – 301001, Rajasthan, India |
|
Date of Appointment : |
08.01.2002 |
|
DIN No.: |
02436823 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Mini Jain |
|
5000 |
|
Naveen Chand Jain |
|
5000 |
|
Bachchu Singh Jain |
|
6000 |
|
Dharam Chand Jain |
|
6000 |
|
Anil Kumar Jain |
|
6000 |
|
Geeta Jain |
|
6000 |
|
Madh Jain |
|
6000 |
|
Annu Jain |
|
6000 |
|
Arpan Jain |
|
4000 |
|
|
|
|
|
Total |
|
50000 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Handicraft items and Allied Product. |
|
|
|
|
Products : |
Rakhi |
|
|
|
|
Exports : |
|
|
Products : |
·
Handicraft items ·
Allied Product |
|
Countries : |
·
Australia ·
Canada ·
USA |
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|
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|
Imports : |
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|
Products : |
Raw Material |
|
Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit (30 – 60 Days) |
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Purchasing : |
Cash and Credit (30 – 60 Days) |
GENERAL INFORMATION
|
Customers : |
·
Wholesalers ·
End Users |
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No. of Employees : |
15 (Approximately) |
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Bankers : |
Punjab National Bank, Manu Marg Branch, Alwar - 301001, Rajasthan,
India |
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Facilities : |
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Banking
Relations : |
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|
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Auditors : |
|
|
Name : |
AAG and Associates Chartered Accountants |
|
Address : |
6, Panchwati, Alwar – 301001, Rajasthan, India |
|
Tel. No.: |
91-144-2336308 |
|
Mobile No.: |
91-9414016187 |
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E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFA2050J |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs. 1.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs. 0.500
Million |
|
|
|
|
|
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 |
|
0.500 |
0.500 |
|
(b) Reserves & Surplus |
|
5.056 |
4.335 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
5.556 |
4.835 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
8.322 |
9.485 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
|
8.322 |
9.485 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
5.921 |
4.464 |
|
(b) Trade payables |
|
7.793 |
13.224 |
|
(c) Other current
liabilities |
|
0.848 |
1.014 |
|
(d) Short-term provisions |
|
0.000 |
0.011 |
|
Total Current Liabilities (4) |
|
14.562 |
18.713 |
|
|
|
|
|
|
TOTAL |
|
28.440 |
33.033 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2.845 |
3.475 |
|
(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 |
|
0.159 |
0.039 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
3.004 |
3.514 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
21.340 |
25.771 |
|
(c) Trade receivables |
|
2.851 |
3.139 |
|
(d) Cash and cash
equivalents |
|
0.213 |
0.259 |
|
(e) Short-term loans and
advances |
|
0.992 |
0.329 |
|
(f) Other current assets |
|
0.040 |
0.021 |
|
Total Current Assets |
|
25.436 |
29.519 |
|
|
|
|
|
|
TOTAL |
|
28.440 |
33.033 |
|
SOURCES OF FUNDS |
|
|
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
3.759 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4.259 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
6.548 |
|
|
2] Unsecured Loans |
|
|
7.213 |
|
|
TOTAL BORROWING |
|
|
13.761 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.020 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
3.512 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
20.853
|
|
|
Sundry Debtors |
|
|
2.367
|
|
|
Cash & Bank Balances |
|
|
1.152
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
0.262
|
|
Total
Current Assets |
|
|
24.634
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
9.629
|
|
|
Other Current Liabilities |
|
|
0.497
|
|
|
Provisions |
|
|
0.000
|
|
Total
Current Liabilities |
|
|
10.126
|
|
|
Net Current Assets |
|
|
14.508
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
18.020 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
55.837 |
42.683 |
39.228 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
54.061 |
41.039 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.776 |
1.644 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.780 |
0.858 |
0.591 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.996 |
0.786 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.996 |
0.786 |
0.661 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
19.92 |
15.71 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
55.000 |
Expected Sales (2013-2014): Rs.60.000 Millions
The above information has been parted / denied by Mr. Arpit (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.78
|
1.84 |
1.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.50
|
2.38 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.16 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.56
|
2.89 |
3.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.75
|
1.58 |
2.43 |
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 |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
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
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans from
Directors Anil Jain |
0.957 |
1.632 |
|
Annu Jain |
0.923 |
1.423 |
|
Arpan Jain |
0.174 |
0.293 |
|
BS Jain |
0.371 |
0.043 |
|
DC Jain |
1.266 |
1.512 |
|
Geeta Jain |
2.016 |
1.620 |
|
Madhu Jain |
1.564 |
1.240 |
|
Nupur Jain |
0.427 |
0.508 |
|
Loan From Other Archana Jain |
0.179 |
0.076 |
|
Arpit Jain |
0.046 |
0.239 |
|
Mini Jain |
0.047 |
0.042 |
|
Payal Jain |
0.020 |
0.367 |
|
Total |
7.990 |
8.995 |
NOTE: Registered office of the company has been
shifted from N40, Vikas Path, Alwar – 301001, Rajasthan, India to the present address w.e.f 25.11.2009
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity
number of the company |
U51100RJ2001PTC016977 |
|
Name of the
company |
ANIL HASTKALA
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
87, Vikash Path, Alwar – 301001, Rajasthan, India Email: aagassociates2003@gmail.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
·
Movable
property (not being pledge) |
|
Particular of charge
holder |
CIN: U51100RJ2001PTC016977 Punjab National Bank, Manu Marg Branch, Alwar - 301001, Rajasthan,
India Email: bo001300@pnb.co.in |
|
Nature of
instrument creating charge |
Letter of Hypothecation
(For Car Loan). |
|
Date of
instrument Creating the charge |
10.04.2012 |
|
Amount secured by
the charge |
Rs.0.730 Millions
|
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Base Rate + 2% -
1.25% festival season offer i.e. presently 11.50% p.a. with monthly rests,
subject to change from time to time. Terms of
Repayment in 35 equal
monthly installments of Rs. 0.025 Millions
each commencing from May 2012. Margin 20% Extent and
Operation of the charge The charge shall
operate as first charge to the extent of term loan of Rs.0.730 Millions in
favour of Punjab National Bank, Manu Marg, Alwar, together with interest,
cost, charges etc. Others 2ONE |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
Honda City Car of the Company purchased out of said term loan. |
FIXED ASSETS
·
Computer
·
Air Conditioner
·
Air Cooling System
·
C.C T.V and T.V
·
Car and Vehicles
·
Cycle
·
Office Equipment
·
EPEX and Telephone
·
Fax Machine
·
Fire Equipment
·
Furniture and Fixture
·
Machinery
·
Refrigerator
·
Scooter / Motor Cycle
·
Tempo Three Wheler
·
Water Cooler
·
Generators
·
Lift
·
Electrical Installation
·
R O System
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 tansactions 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.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
41 |
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.