|
Report Date : |
27.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
BHILOSA INDUSTRIES PRIVATE LIMITED [w.e.f. 02.02.2007] |
|
|
|
|
Formerly Known
As : |
BHILOSA TEX-N-TWIST PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 14/1/2,
Village Rakholi, Silvassa-396230, Dadar Nagar Haveli |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
01.06.1988 |
|
|
|
|
Com. Reg. No.: |
54-000365 [New] 11-047555 [Old] |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.605.695
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101DN1988PTC000365 [New] U18101MH1988PTC047555 [Old] |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer
and Exporter of Polyester Textured Yarn. |
|
|
|
|
No. of Employees
: |
Information denied by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
A (65) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 25000000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having fine track record. It
has recorded better growth in its operations during 2012. Financial position
of the company appears to be sound. Trade relations are reported as decent.
Business is active. Payments are reported to be regular and as per
commitments. The company can be considered good 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
AA – [Long Term Bank Facilities] |
|
Rating Explanation |
High degree of safety and very low credit risk. |
|
Date |
15.02.2013 |
|
Rating Agency Name |
CARE |
|
Rating |
A1+ [Short Term Bank Facilities] |
|
Rating Explanation |
Very strong degree of safety and lowest credit risk. |
|
Date |
15.02.2013 |
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.
INFORMATION DECLINED
Management non co-operative [91-22-22838611]
LOCATIONS
|
Registered Office : |
Survey No. 14/1/2,
Village Rakholi, Silvassa-396230, Dadar Nagar Haveli, India |
|
Tel. No.: |
91-22-67441226 |
|
Fax No.: |
91-22-22838615 |
|
E-Mail : |
|
|
|
|
|
Head Office : |
74/75, Free Press
Building, 7th Floor, Nariman Point, Mumbai-400021, Maharashtra,
India |
|
Tel. No.: |
91-22-67441200/ 2283 8611/ 2283 8612 |
|
Fax No.: |
91-22-22838615 |
|
E-Mail : |
|
|
|
|
|
Factory 1 : |
90/91 Danu Udyog
Industrial Estate, Piparia, Silvassa (U.T.), India |
|
|
|
|
Factory 2 : |
Survey 17/1/4 and 6, Rakholi, Silvassa (U.T.), India |
|
|
|
|
Factory 3 : |
Survey 14/1/1 and
15/1/2, Rakholi, Silvassa (U.T.), India |
|
|
|
|
Factory 4 : |
Survey 14/1/2
Rakholi, Silvassa (U.T.), India |
|
|
|
|
Factory 5 : |
Survey 37 and 46/1/3/1 Rakholi, Silvassa (U.T.), India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Rameshchandra Tejraji Jain |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
Pushpak Apartment, 18th Floor, Flat No. 182, Indrashan Society,
31- Altamount Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
22.06.1948 |
|
Date of Appointment : |
01.06.1988 |
|
DIN No.: |
01327431 |
|
|
|
|
Name : |
Mr. Kumarpal Rameshchandra Jain |
|
Designation : |
Director |
|
Address : |
Pushpak Apartment, 18th Floor, Flat No. 182, Indrashan
Society, 31- Altamount Road, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
04.04.1975 |
|
Date of Appointment : |
03.05.1993 |
|
DIN No.: |
01003673 |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep Kumar Agrawal |
|
Designation : |
Secretary |
|
Address : |
B-402, Rekha Retreat, Shanti Park, Mira Road (East), Thane-401107,
Maharashtra, India |
|
Date of Birth/Age : |
12.02.1968 |
|
Date of Appointment : |
01.11.2006 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rameshchandra Jain |
|
11570290 |
|
Manjula Jain |
|
2024535 |
|
Kumarpal Jain Jointly with Ramneshchandra Jain |
|
4622160 |
|
Sandeep Jain Jointly with Ramneshchandra Jain |
|
2052170 |
|
Rameshchandra Jain Jointly with Manjula Jain |
|
4482335 |
|
Chetna Jain Jointly with Manjula Jain |
|
292000 |
|
Kumarpal Jain Jointly with Manjula Jain |
|
450000 |
|
Sandeep Jain Jointly with Manjula Jain |
|
300000 |
|
Rameshchandra T Jain HUF |
|
225000 |
|
Kumarpal Jain |
|
7201010 |
|
Madhavi Jain |
|
1775000 |
|
Sandeep Jain |
|
1825000 |
|
Rameshchandra Jain |
|
4125000 |
|
Sandeep Jain |
|
822500 |
|
Hirvi Jain |
|
1677500 |
|
Kumarpal Jain |
|
17125000 |
|
|
|
|
|
TOTAL
|
|
60569500 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Exporter of Polyester Textured Yarn. |
||||||||||||
|
|
|
||||||||||||
|
Products : |
|
PRODUCTION STATUS [AS ON 31.03.2012]
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Partially Oriented Yarn/FDY |
MTs. |
221550 |
155004.89 |
|
Polyester Chips |
MTs. |
180000 |
109998.535 |
|
Texturised Yarn |
Spindles |
40512 |
131788.293 |
|
Looms |
Nos. |
12 |
-- |
|
Fabrics |
MTs. |
-- |
-- |
|
Waste |
MTs. |
-- |
3996.264 |
NOTE: Installed capacities are taken as certified by the management.
GENERAL INFORMATION
|
No. of Employees : |
Information denied by the management. |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
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|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sanghvi and Sanghvi Chartered Accountant |
|
Address : |
10, LA Citadelle, 2nd Floor, 99, |
|
PAN No: |
AACFS2693D |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
80000000 |
Equity Shares |
Rs.10/- each |
Rs.800.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
60569500 |
Equity Shares |
Rs.10/- each
|
Rs.605.695
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 |
|
605.700 |
580.700 |
|
(b) Reserves & Surplus |
|
5663.400 |
3824.100 |
|
(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) |
|
6269.100 |
4404.800 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
long-term borrowings |
|
5542.400 |
4710.200 |
|
(b) Deferred tax
liabilities (Net) |
|
883.900 |
737.600 |
|
(c)
Other long term liabilities |
|
0.000 |
0.000 |
|
(d)
long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
6426.300 |
5447.800 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
2914.600 |
2103.900 |
|
(b)
Trade payables |
|
1489.800 |
1114.500 |
|
(c)
Other current liabilities |
|
1092.900 |
1027.100 |
|
(d)
Short-term provisions |
|
41.000 |
185.300 |
|
Total
Current Liabilities (4) |
|
5538.300 |
4430.800 |
|
|
|
|
|
|
TOTAL |
|
18233.700 |
14283.400 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
8906.500 |
7838.200 |
|
(ii)
Intangible Assets |
|
1.200 |
1.600 |
|
(iii)
Capital work-in-progress |
|
1099.600 |
19.900 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b)
Non-current Investments |
|
41.500 |
41.500 |
|
(c)
Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
425.700 |
495.500 |
|
(e)
Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
10474.500 |
8396.700 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
697.400 |
0.000 |
|
(b)
Inventories |
|
2602.100 |
2022.300 |
|
(c)
Trade receivables |
|
2994.800 |
2580.100 |
|
(d)
Cash and cash equivalents |
|
333.800 |
212.300 |
|
(e)
Short-term loans and advances |
|
1076.500 |
1072.000 |
|
(f)
Other current assets |
|
54.600 |
0.000 |
|
Total
Current Assets |
|
7759.200 |
5886.700 |
|
|
|
|
|
|
TOTAL |
|
18233.700 |
14283.400 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
543.200 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2177.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
2720.200 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2434.400 |
|
|
2] Unsecured Loans |
|
|
3504.100 |
|
|
TOTAL BORROWING |
|
|
5938.500 |
|
|
DEFERRED TAX LIABILITIES |
|
|
438.200 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9096.900 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5156.600 |
|
|
Capital work-in-progress |
|
|
1358.500 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.500 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
1603.000
|
|
|
Sundry Debtors |
|
|
1592.300
|
|
|
Cash & Bank Balances |
|
|
495.700
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
1070.400
|
|
Total
Current Assets |
|
|
4761.400 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
2038.600
|
|
|
Other Current Liabilities |
|
|
70.400
|
|
|
Provisions |
|
|
74.400
|
|
Total
Current Liabilities |
|
|
2183.400
|
|
|
Net Current Assets |
|
|
2578.000
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
2.300 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
9096.900 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
23919.000 |
17428.800 |
9101.000 |
|
|
|
Other Income |
74.200 |
117.000 |
66.600 |
|
|
|
TOTAL (A) |
23993.200 |
17545.800 |
9167.600 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
20882.800 |
14805.000 |
7608.500 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
3110.400 |
2740.800 |
1559.100 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
386.700 |
360.400 |
279.700 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2723.700 |
2380.400 |
1279.400 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
462.800 |
369.800 |
238.100 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
2260.900 |
2010.600 |
1041.300 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
697.300 |
626.000 |
327.900 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1563.600 |
1384.600 |
713.400 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
1104.400 |
1446.600 |
873.400 |
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
4175.600 |
|
|
|
Stores & Spares |
NA |
NA |
0.500 |
|
|
|
Capital Goods |
NA |
NA |
1163.000 |
|
|
|
Others |
NA |
NA |
64.200 |
|
|
TOTAL IMPORTS |
NA |
NA |
5403.300 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
25.81 |
-- |
18.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
6.51
|
7.89 |
7.78
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
9.45
|
11.54 |
11.44
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.23
|
14.14 |
10.50
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.45 |
0.38
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.35
|
1.55 |
2.18
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.85
|
2.74 |
2.18
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY CREDITORS:
|
Particulars |
31.03.2012 [Rs. in millions] |
31.03.2011 [Rs. in millions] |
31.03.2010 [Rs. in millions] |
|
Sundry Creditors |
1489.800 |
1114.500 |
2038.600
|
|
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 |
No |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth 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 Loan |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Short Term
Borrowings |
|
|
|
Loans and Advances From Related Parties |
135.100 |
94.800 |
|
Other Loan and Advances |
27.200 |
67.100 |
|
TOTAL
|
162.300 |
161.900 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10386183 |
|
Corporate
identity number of the company |
U18101DN1988PTC000365 |
|
Name of the
company |
BHILOSA INDUSTRIES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Survey No. 14/1/2,
Village Rakholi, Silvassa-396230, Dadar Nagar Haveli, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property Others |
|
Particular of
charge holder |
Axis Bank Limited, Ground Floor, Atlanta Building, Nariman Point,
Mumbai-400021, Maharashtra, India Email: shilpa.mehta@axisbank.com
|
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of
Deposit of Title Deeds. |
|
Date of instrument
Creating the charge |
02.11.2012 |
|
Amount secured by
the charge |
Rs.350.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per sanction letter
and/or as stipulated by bank from time to time Terms of Repayment As per sanction
letter and/or as stipulated by bank from time to time Margin As per sanction
letter and/or as stipulated by bank from time to time Extent and Operation of the charge As per sanction
letter and/or as stipulated by bank from time to time Others As per sanction
letter and/or as stipulated by bank from time to time |
|
Short particulars
of the property charged |
Hypothecation of
all the present and future 1. Inventory,
book debts and current assets of the Company on first pari passu charge with
other Working Capital Lenders of the Company. 2. Fixed Assets
of the Company incl. Plant and Machinery and other movable assets of the
Company on Second Pari Passu charge basis with other Working Capital Lenders
of the Company. Detail of address
and location of the Properties Equitable
Mortgage on the immovable properties on second charge on pari passu charge
basis. |
|
Particulars of
the present modification |
By present
modification additional security was given to bank by creation of Joint
Equitable Mortgage on Immovable Properties of the Company as on second pari
passu charge basis with other working capital lenders. |
FIXED
ASSETS:
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.59.85 |
|
|
1 |
Rs.92.30 |
|
Euro |
1 |
Rs.78.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
JML |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
8 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
8 |
|
--PROFITABILIRY |
1~10 |
8 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
8 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
65 |
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.