MIRA INFORM REPORT
|
Report Date : |
26.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
RASHI PERIPHERALS PRIVATE LIMITED |
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Registered
Office : |
5th Floor, Ariisto House, Telli Galli Corner,
Andheri (East), Mumbai-400069, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
15.03.1989 |
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Com. Reg. No.: |
11-051039 |
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Capital
Investment / Paid-up Capital : |
Rs. 9.949 Millions |
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|
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CIN No.: [Company Identification
No.] |
U30007MH1989PTC051039 |
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IEC No.: |
0389007285 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR14063A |
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PAN No.: [Permanent Account No.] |
AAACR2162H |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Dealer and Distributor of Computer Peripherals. |
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No. of Employees : |
1000 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (52) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 2220000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. There appears a substantial increase in the sales turnover as well as net
profitability of the company during 2012. Financial position seems to be
good. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. The company can be considered normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
March 26, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
March 26, 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 PARTED BY
|
Name : |
Mr. Navin Agrawal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-61771788 |
|
Date : |
24.06.2013 |
LOCATIONS
|
Registered / Corporate Office : |
5th Floor, Ariisto House, Telli Galli Corner,
Andheri (East), Mumbai-400069, |
|
Tel. No.: |
91-22-61771788 |
|
Mobile No. : |
91-9819556533 (Mr. Navin Agarwal) |
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Fax No.: |
91-22-61771999 / 67090999 |
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E-Mail : |
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Website: |
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Location : |
Owned |
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|
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|
Warehouse : |
Rashi Complex, 186, Dongri Pada, Poman Village, Bhiwandi Road, Vasai (East), District Thane, Maharashtra, India |
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|
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RMA Department : |
101, |
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Mumbai Sales : |
C-205, Cinthofine Industrial Estate, Behind Virwani
Industrial Area, Goregoan (East), Mumbai-400063, |
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Lamington : |
52/C, Chotani Bldg, 2nd Floor, Proctor Road,
Jyoti Estate, Grandroad (East), Mumbai-400007, Maharashtra, India |
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Branch Office : |
Located at · Thane · Panaji ·
Kolhapur ·
Solapur ·
Nasik ·
Aurangabad ·
Sangli ·
Ahmednagar ·
Nagpur ·
Amrawati ·
Pune ·
Ahmedabad ·
Rajkot ·
Surat ·
Vadodara ·
Indore ·
Bhopal ·
Jabalpur ·
Raipur ·
Bilaspur ·
Bangalore ·
Hubli ·
Mangalore ·
Chennai ·
Coimbatore ·
Trichy ·
Madurai ·
Pondicherry ·
Secunderabad ·
Vijaywada ·
Rajahmundry ·
Vishakhapatnam ·
Ernakulam ·
Calicut ·
Kottayam ·
New Delhi ·
Jaipur ·
Lucknow ·
Ghaziabad ·
Varanasi ·
Dehradun ·
Chandigarh ·
Jammu ·
Parwanoo ·
Ludhiana ·
Gurgaon ·
Karnal ·
Kolkata ·
Darjeeling ·
Bubneshwar ·
Ranchi ·
Patna ·
Guwhati ·
Durgapur · Jodhpur |
DIRECTORS
As on 07.06.2012
|
Name : |
Mr. Suresh Mahavirprasad Pansari |
|
Designation : |
Director |
|
Address : |
801, Shubh Angab, 5th Floor, N S Road, JVPD Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Qualification: |
B. Com. and FCA |
|
Date of Birth/Age : |
11.06.1954 |
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Date of Appointment : |
15.12.1989 |
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PAN No.: |
AFKPP1118B |
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DIN No.: |
00215712 |
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|
|
|
Name : |
Mr. Krishnakumar Radheshyam Choudhary |
|
Designation : |
Director |
|
Address : |
401, Shubh Angab, 5th Floor, N S Road, JVPD Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
|
Qualification: |
B. Com.and FCA |
|
Date of Birth/Age : |
28.10.1955 |
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Date of Appointment : |
28.02.1997 |
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DIN No.: |
00215919 |
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|
|
|
Name : |
Mr. Kapal Suresh Pansari |
|
Designation : |
Director |
|
Address : |
801, Shubh Angan, 5th Floor, S V Road, JVPD Scheme, Vile Parle (West), Mumbai – 400056, Maharashtra, India |
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Qualification: |
B. Com and MBA |
|
Date of Birth/Age : |
21.12.1983 |
|
Date of Appointment : |
07.09.2007 |
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PAN No.: |
AJVPP4956G |
|
DIN No.: |
00215510 |
KEY EXECUTIVES
|
Name : |
Mr. Navin Agrawal |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 07.06.2012
|
Names of Shareholders |
No. of Shares |
|
Manju Pansari |
116875 |
|
K.K. Choudhary jointly Meena Choudhary |
95000 |
|
Meena Choudhary jointly Manju Pansari, K.K. Choudhary HUF Suresh Pansari HUF |
116500 |
|
Suresh Pansari |
124375 |
|
Meena Choudhary |
68375 |
|
K.K. Choudhary Karta of K.K. Choudhary HUF |
7500 |
|
Suresh Pansari Karta of Suresh Pansari HUF |
4400 |
|
Kapal Pansari |
73500 |
|
Chaman Pansari |
57000 |
|
Master Keshav Choudhary through F and NG K.K. Choudhary |
176000 |
|
|
30875 |
|
Rajesh Attal |
122855 |
|
Priyanka Kapal Pasari |
1600 |
|
Total |
994855 |
As on 07.06.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
12.00 |
|
Others |
88.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealer and Distributor of Computer Peripherals. |
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Products : |
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Imports : |
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Products : |
Computer Peripherals |
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Countries : |
· China · Singapore · Thailand |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash, Credit and Depend |
GENERAL INFORMATION
|
Customers : |
Others |
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No. of Employees : |
1000 (Approximately) |
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Bankers : |
· HDFC Bank Limited, 2nd Floor, Process House, Kamala Mills, Senapati Bapat Marg, Lower Parel, Mumbai-400013, Maharashtra, India · Standard Chartered Bank, Fort, Mumbai, Maharashtra, India · HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
ASL and Company Chartered Accountants |
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Address : |
102, Gauresh Apartments, Agarkar Chowk, Old Police Line, Andheri
(E), Mumbai – 400069, |
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Tel No. : |
91-22-26841173 |
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Fax No. : |
91-22-26842206 |
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E-Mail : |
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PAN No.: |
AAAFC1257B |
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Subsidiary : |
Rashi Peripherals Pte Limited, Singapore |
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Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and
their relatives : |
· Cee Pee Consultants, India · Cee Pee Pharma Private Limited, India · International Ribbon Manufacturing Company, India · Sanwaria Texpro Private Limited, India · Uni Product India, India |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
994855 |
Equity Shares |
Rs.10/- each |
Rs.9.949 Millions |
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|
|
|
|
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 |
|
9.949 |
9.949 |
|
(b) Reserves & Surplus |
|
545.184 |
443.831 |
|
(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) |
|
555.133 |
453.780 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
118.592 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
8.079 |
4.510 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
10.163 |
18.189 |
|
Total Non-current
Liabilities (3) |
|
136.834 |
22.699 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
1131.632 |
652.223 |
|
(b) Trade
payables |
|
1996.313 |
1376.513 |
|
(c) Other
current liabilities |
|
123.237 |
119.694 |
|
(d) Short-term
provisions |
|
12.259 |
11.348 |
|
Total Current
Liabilities (4) |
|
3263.441 |
2159.778 |
|
|
|
|
|
|
TOTAL |
|
3955.408 |
2636.257 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
267.374 |
215.861 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
14.684 |
2.818 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
9.811 |
9.810 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
202.452 |
61.898 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
494.321 |
290.387 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
1927.746 |
1210.961 |
|
(c) Trade
receivables |
|
1450.661 |
1026.615 |
|
(d) Cash
and cash equivalents |
|
1.870 |
3.500 |
|
(e)
Short-term loans and advances |
|
80.810 |
104.794 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
3461.087 |
2345.870 |
|
|
|
|
|
|
TOTAL |
|
3955.408 |
2636.257 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
9.949 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
358.537 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
368.486 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
436.573 |
|
|
2] Unsecured Loans |
|
|
37.879 |
|
|
TOTAL BORROWING |
|
|
474.452 |
|
|
DEFERRED TAX LIABILITIES |
|
|
1.694 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
844.632 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
zFIXED ASSETS [Net Block] |
|
|
68.762 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
1.176 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
845.521
|
|
|
Sundry Debtors |
|
|
903.160
|
|
|
Cash & Bank Balances |
|
|
0.574
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
233.942
|
|
Total
Current Assets |
|
|
1983.197
|
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
1102.850
|
|
|
Other Current Liabilities |
|
|
99.815
|
|
|
Provisions |
|
|
5.838
|
|
Total
Current Liabilities |
|
|
1208.503
|
|
|
Net Current Assets |
|
|
774.694
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
844.632 |
|
PROFIT & LOSS
ACCOUNT
|
Particulars |
|
|
31.03.2013 |
|
|
|
|
|
|
Sales Turnover (Approximately) |
|
|
18000.000 |
|
|
|
|
|
The above information has been parted by Mr. Navin Agrawal (Finance Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total
Income |
(%) |
0.68
|
0.79
|
0.64
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.86
|
4.97
|
3.92
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.27
|
0.29
|
0.22
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.25
|
1.44
|
1.29
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06
|
1.09
|
1.64
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditor |
1996.313 |
1376.513 |
1102.850 |
|
|
|
|
|
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
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 |
Yes |
NOTE:
The Registered office of the company has been shifted from 102,
Dhanthak Plaza, Makwana Road, Marol, Andheri (East), Mumbai-400059,
Maharashtra, India to the present address w.e.f. 16.04.2012
OPERATIONS:
During the year, the turnover of the Company stood at Rs.15020.000 as against Rs10980.000 millions the previous year, registering an annual growth of over 36%. Profit before taxation increased by 17% from Rs. 130.300 millions to Rs. 151.900 millions. The Profit after Taxation increased by 19% from Rs. 86.500 millions to Rs. 102.500 millions.
During the year, the Company has added distribution of some new brands like LG and Samsung in Mobile phones segment. The Company has also opened several new branches in India making a total of 64 Branch offices. Most of new branches were opened in E class towns.
Indian I.T. hardware Industry grown rapidly during first half of the year, but tumbled in second half due to various National and international factors. The rupee has depreciated significantly against US$ during second half which had a direct hit on the bottom line of the Company.
Their endeavor is to constantly strive towards brand building with right set of products and brands continued this year too. Today with their constant efforts by holding of various National and International Channel Training Programs, Conferences and Seminars, the Company has a strong presence not only in the trade media but also in the mainstream through cutting edge technology products for the end users. The Company has also been recognized as best Distributor by various Vendors and rated very high by trade media. The company is in advance stage of finalization of some new tie-ups, which will help to overcome recession and take the Company’s growth further.
UNSECURED LOANS
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Deposits |
13.026 |
9.053 |
|
Total |
13.026 |
9.053 |
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
i) Counter guarantee given to Bank against their bank guarantee |
68.720 |
45.208 |
|
ii) Outstanding Standby Letters of Credit in Foreign Currency issued in favour of Vendors |
0.000 |
100.823 |
|
iii) Letter of Credit Discounted with Banks |
11.205 |
0.000 |
|
iv) Claims not acknowledged as debts |
0.381 |
0.381 |
FIXED ASSETS
· Buildings
· Residential Building
· Office Building
· Plant and Equipment
· Factory Equipments
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
· Other Equipments
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.59.70 |
|
|
1 |
Rs.92.25 |
|
Euro |
1 |
Rs.78.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
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 |
|
52 |
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.