MIRA INFORM REPORT
|
Report Date : |
18.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
R K RECLAIM AND RUBBER PRODUCTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5, |
|
|
|
|
Country : |
India |
|
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|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
24.11.2005 |
|
|
|
|
Com. Reg. No.: |
04-047128 |
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|
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|
Capital
Investment / Paid-up Capital : |
Rs. 7.800 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25110GJ2005PLC047128 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDR01474E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR2943P |
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|
Legal Form : |
Private Limited Liability Company |
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|
Line of Business
: |
Manufacturer of Waste / Scrap Tires and Tubes. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 130000 |
|
|
|
|
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 a satisfactory track record.
It has achieved better growth in its turnover and profits during 2012. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitment. 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces of
its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to become
a major exporter of information technology services and software workers. In
2010, the Indian economy rebounded robustly from the global financial crisis -
in large part because of strong domestic demand - and growth exceeded 8%
year-on-year in real terms. However, India's economic growth in 2011 slowed
because of persistently high inflation and interest rates and little progress
on economic reforms. High international crude prices have exacerbated the
government's fuel subsidy expenditures contributing to a higher fiscal deficit,
and a worsening current account deficit. Little economic reform took place in
2011 largely due to corruption scandals that have slowed legislative work.
India's medium-term growth outlook is positive due to a young population and
corresponding low dependency ratio, healthy savings and investment rates, and
increasing integration into the global economy. India has many long-term
challenges that it has not yet fully addressed, including widespread poverty,
inadequate physical and social infrastructure, limited non-agricultural
employment opportunities, scarce access to quality basic and higher education,
and accommodating rural-to-urban migration.
|
Source
: CIA |
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 : |
5, |
|
Tel. No.: |
91-2642-229888 / |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
Factory 1 : |
Plot No. 104/48 to 104/52, Phase II, G.I.D.C., Palej 392 220, |
|
Tel. No.: |
91-2642-277220 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Harkishan Harilal Rajkota |
|
Designation : |
Managing Director |
|
Address : |
5, Rachana Park, Near Navjivan School, Bharuch-392002, Gujarat, India |
|
Date of Birth/Age : |
03.04.1944 |
|
Date of Appointment : |
24.11.2005 |
|
PAN No.: |
ACCPR1585K |
|
DIN No.: |
00648042 |
|
|
|
|
Name : |
Mr. Tejas Harkishan Rajkota |
|
Designation : |
Director |
|
Address : |
5, Rachana Park, Near Navjivan School, Bharuch-392002, Gujarat, India |
|
Date of Birth/Age : |
19.09.1974 |
|
Date of Appointment : |
24.11.2005 |
|
PAN No.: |
ABYPR7099F |
|
DIN No.: |
00509515 |
|
|
|
|
Name : |
Mr. Tulika Rajanikant Ambalpady |
|
Designation : |
Director |
|
Address : |
Flat No.404, Prahlad, Sector – 4, Building No.C-8, Shantinagar, Mira Road
(East), Thane-401107, Maharashtra, India |
|
Date of Birth/Age : |
29.06.1978 |
|
Date of Appointment : |
30.11.2006 |
|
PAN No.: |
AGHPR9999J |
|
DIN No.: |
00509605 |
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|
|
|
Name : |
Mr. Nitinkumar Keshavlal Desai |
|
Designation : |
Director |
|
Address : |
“Vardhan”, 1, Nalanda Society, Kalawad Road, Rajkot-360001, Gujarat,
India |
|
Date of Birth/Age : |
12.11.1958 |
|
Date of Appointment : |
30.11.2006 |
|
DIN No.: |
00643697 |
|
|
|
|
Name : |
Mr. Dineshchandra Keshavlal Desai |
|
Designation : |
Director |
|
Address : |
6, Balmukund Plot, Saurashtra Kalakendra, Main Road, Rajkot-380001,
Gujarat, India |
|
Date of Birth/Age : |
03.01.1944 |
|
Date of Appointment : |
30.11.2006 |
|
DIN No.: |
01353577 |
|
|
|
|
Name : |
Ms.Premila Hatjushan Rajkotia |
|
Designation : |
Director |
|
Address : |
5, Rachana Park, Near Najivan School, Bharuch-392002, Gujarat, India |
|
Date of Birth/Age : |
05.02.1947 |
|
Date of Appointment : |
14.12.2009 |
|
PAN No.: |
AKCPR1128C |
|
DIN No.: |
02837111 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Rajkotia Harkishan Hiralal |
|
198000 |
|
Rajkotia Tejas Harkishan |
|
252000 |
|
Ambalpady Tulika Rajnikant |
|
13200 |
|
Rajkotia Fagun Tejas |
|
1200 |
|
Desai Dineshchandra Keshavlal |
|
45600 |
|
Desai Nitinkumar Keshavlal |
|
45600 |
|
Rajkotia Premila Harkishan |
|
72000 |
|
Desai Kumud Dineshchandra |
|
18000 |
|
Desai Geeta Nitinkumar |
|
18000 |
|
Joshi Hansaben Rukmanbhai |
|
18000 |
|
Desai Sanjaykumar Dineshchandra |
|
12000 |
|
Desai Raj Nitinkumar |
|
12000 |
|
Kapadia Tapas Chandrahas |
|
74400 |
|
Total |
|
780000 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Waste / Scrap Tires and Tubes. |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
Installed
Capacity |
|
Recliam Rubber |
MT |
1544 |
|
Recliam Rubber |
MT |
1720 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
Note Term Loans from hdfc banks were carrying interest rate OF 13.75 %. The above term loan is secured by way of equitable motrgage of following properties : Plot No. 104/48 to 104/52, GIDC Industrial Estate, Palej, District Bharuch 6, Balmukund Plot, Saurastra Kala Kendra Main Road, Off. Nirmala Road, Rajkot Plot No. G556, Metoda GIDC, Lodhika Industrial Estate, Nr. Giriraj Cold Storage, Off Kalvad Road, Rajkot Outstanding secured loans carry an interest rate of Base Rate/Libor plus margin of 375 bps Outstanding secured loan is secured by hypothecation of inventories, bills receivables, book debts and all movables assets of the Company both present and future, wherever situated. The above Secured loans secured by way of equitable motrgage of following properties : Plot No. 104/48 to 104/52, GIDC Industrial Estate, Palej, District Bharuch 6, Balmukund Plot, Saurastra Kala Kendra Main Road, Off. Nirmala Road, Rajkot Plot No. G556, Metoda GIDC, Lodhika Industrial Estate, Near. Giriraj Cold Storage, Off Kalvad Road, Rajkot |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
Dhiraj S Agarwal and Company Chartered Accountant |
|
Address : |
Office No.8, 2nd Floor, Shree Rang Palace, |
|
Tel. No.: |
91-2642-245409 |
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E-Mail : |
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PAN No.: |
AAFFD5639R |
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 |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
780000 |
Equity Shares |
Rs.10/- each |
Rs. 7.800 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 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.800 |
6.500 |
6.500 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
24.909 |
8.422 |
4.683 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
32.709 |
14.922 |
11.183 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
11.672 |
22.107 |
21.563 |
|
|
2] Unsecured Loans |
0.039 |
0.035 |
12.722 |
|
|
TOTAL BORROWING |
11.711 |
22.142 |
34.285 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
44.420 |
37.064 |
45.468 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
28.288 |
34.747 |
22.777 |
|
|
Capital work-in-progress |
5.821 |
0.000 |
4.179 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
1.678 |
0.951 |
0.819 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
16.214
|
18.148 |
8.061 |
|
|
Sundry Debtors |
12.133
|
10.951 |
10.022 |
|
|
Cash & Bank Balances |
2.687
|
0.015 |
0.000 |
|
|
Other Current Assets |
0.117
|
0.136 |
0.000 |
|
|
Loans & Advances |
23.133
|
5.675 |
5.806 |
|
Total
Current Assets |
54.284
|
34.925 |
23.889 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.779
|
4.459 |
2.176 |
|
|
Other Current Liabilities |
31.232
|
25.379 |
0.466 |
|
|
Provisions |
12.640
|
3.721 |
3.710 |
|
Total
Current Liabilities |
45.651
|
33.559 |
6.352 |
|
|
Net Current Assets |
8.633
|
1.366 |
17.537 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.156 |
|
|
|
|
|
|
|
|
TOTAL |
44.420 |
37.064 |
45.468 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
243.310 |
115.127 |
87.354 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
NA |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
39.605 |
16.479 |
17.363 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
5.586 |
4.661 |
3.890 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
34.019 |
11.818 |
13.473 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.586 |
6.385 |
6.796 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
26.433 |
5.433 |
6.677 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.646 |
1.694 |
2.009 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
17.787 |
3.739 |
4.668 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
8.422 |
4.683 |
0.016 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
8.422 |
8.422 |
4.684 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
22.80 |
5.75 |
7.18 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Net Profit Margin (PBT/Sales) |
(%) |
10.86
|
4.72 |
7.64 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
32.01
|
7.80 |
14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.81
|
0.36 |
0.60 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.36
|
1.48 |
3.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19
|
1.04 |
3.76 |
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 |
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] |
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 |
No |
CORPORATE INFORMATION
Subject is private limited company registered under the Companies Act, 1956. The Company is into the Manufacturing business.
OPERATION:
The Company has achieved Turnover of Rs. 243.310 millions during the year as compared to Rs 115.127 millions during the immediately preceding previous year, resultant increase in turnover by 111.34%. The director views a better prospect during the up coming years. Due to competition in the market margin was under pressure through out the year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
On Cash Credit, Packing Credit and Working Capital Demand Loan Accounts from banks |
0.039 |
0.035 |
|
Total |
0.039 |
0.035 |
Note
The unsecured loan carrying rate of interest of 12.25% and payable on demand.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U25110GJ2005PTC047128 |
|
Name of the company |
R K RECLAIM AND RUBBER PRODUCTS PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
5, Rachana Park, Near Navjeevan School, Bharuch – 392002, Gujarat, India Email: info@rkruubers.com |
|
This form is for |
Modification of charge |
|
Charge identification (ID) number of the charge to be modified |
10243349 |
|
Type of charge |
|
|
Particular of charge holder |
HDFC Bank Limited, HDFC Bank Housesenapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India Email: RBBform8@hdfcbank.com |
|
Nature of instrument creating charge |
Supplementary Letter of Hypothecation. |
|
Date of instrument Creating the charge |
19.01.2013 |
|
Amount secured by the charge |
Rs. 89.000 millions |
|
Brief of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest at the rate as may be communicated by the Bank from time to time. Terms of Repayment Working Capital facility shall be repayable on demand. Term Loan facility shall be repayable in suitable installments. Margin As may be stipulated by the Bank from time to time. Extent and Operation of the charge Hypothecation by way of First Charge on Company's Stocks, Book Debts, Plant and Machinery and Vehicles to secure as a continuing security for the repayment of Rs.89.000 millions together with interest, costs, charges, expenses and other moneys due and payable by the Company to the Bank. |
|
Short particulars of the property or asset(s) charged (including complete address and location of the property) |
Stock-in-trade, consisting of raw materials, goods in process of manufacturing finished goods, and other merchandise whatsoever being movable properties All the debts, that is, all the book debts, outstandings, monies receivables, claims, bills, invoice documents, contracts, guarantees, and rights The movable plant and machinery and vehicles, which may now or at any time hereafter belong to the Borrower or come to the Borrowers disposal any of the Immovable Property of the Company Situated at Taluka and District: Bharuch. |
|
Date of instrument modifying the charge |
05.01.2013 |
|
Particulars of the present modification |
In addition to the existing securities of immovable property situated at Taluka and District: Bharuch., the charge of Rs.89.000 millions shall also now further secured against the Stocks, Book Debts, Plant and Machinery, Vehicles of the Company. |
FIXED ASSETS
- Land - Freehold.
- Building
- Plant and Machinery
- Office Equipments
- Furniture, Fixture and Equipments
- Vehicles
- Temporary Structures
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.54.16 |
|
|
1 |
Rs.81.74 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Report Prepared by
: |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.