MIRA INFORM REPORT
|
Report Date : |
04.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
DIVY ROLLFORM LIMITED |
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Registered
Office : |
Block 91, Vavdi, Opposite Elite School, Kheda - Dholka Road, Kheda – 387560, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
21.09.1998 |
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Com. Reg. No.: |
04-034690 |
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Capital
Investment / Paid-up Capital : |
Rs. 5.000 Millions |
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CIN No.: [Company Identification
No.] |
U28999GJ1998PLC034690 |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Cold Roll Formed Sections and
Profiles. |
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No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 170000 |
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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.
Trade relations are reported as fair. Business is active. Payments are
reported to be usually correct and as per commitments. 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.
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. Hasmukhbhai Trikamlal Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9825068126 |
|
Date : |
02.05.2013 |
LOCATIONS
|
Registered Office / Factory : |
Block 91, Vavdi, Opposite Elite School, Kheda - Dholka
Road, Kheda – 387560, Gujarat India |
|
Tel. No.: |
91-2694-222548 |
|
Mobile No.: |
91-9825068126 (Mr. Hasmukh Shah) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Area : |
12000 Sq. Mtr |
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Location : |
Owned |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Navnitkumar Trikamlal Shah |
|
Designation : |
Managing Director |
|
Address : |
27, Nehrupark Society, Bhairavnath Road, Ahmedabad – 380028, Gujarat, India |
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Date of Birth/Age : |
23.09.1955 |
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Date of Appointment : |
21.09.1998 |
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DIN No.: |
01769345 |
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|
Name : |
Mr. Hasmukhbhai Trikamlal Shah |
|
Designation : |
Whole-Time Director |
|
Address : |
27, Nehrupark Society, Bhairavnath Road, Ahmedabad –
380028, Gujarat, India |
|
Date of Birth/Age : |
28.02.1961 |
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Date of Appointment : |
21.09.1998 |
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DIN No.: |
01224323 |
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Name : |
Neeta Navnitkumar Shah |
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Designation : |
Whole-Time Director |
|
Address : |
27, Nehrupark Society, Bhairavnath Road, Ahmedabad –
380028, Gujarat, India |
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Date of Birth/Age : |
06.01.1959 |
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Date of Appointment : |
21.09.1998 |
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DIN No.: |
01367779 |
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Name : |
Mrs. Bhavnaben Hasmukhbhai Shah |
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Designation : |
Whole-Time Director |
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Address : |
27, Nehrupark Society, Bhairavnath Road, Ahmedabad –
380028, Gujarat, India |
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Date of Birth/Age : |
18.08.1964 |
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Date of Appointment : |
21.09.1998 |
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DIN No.: |
01367732 |
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Name : |
Mr. Parth Navnitkumar Shah |
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Designation : |
Whole-Time Director |
|
Address : |
27, Nehrupark Society, Bhairavnath Road, Ahmedabad –
380028, Gujarat, India |
|
Date of Birth/Age : |
04.06.1984 |
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Date of Appointment : |
01.04.2010 |
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DIN No.: |
02293103 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Navnitbhai Trikamlal Shah |
|
130160 |
|
Hasmukhbhai Trikamlal Shah |
|
283660 |
|
Neetaben Navnitbhai Shah |
|
33640 |
|
Bhavnaben Hasmukhbhai Shah |
|
26510 |
|
Manuben Trikamlal Shah |
|
13510 |
|
Trushant Ishwarlal Parikh |
|
10 |
|
Jyotiben Trushant Parikh |
|
10 |
|
Navnitlal T. Shah –HUF |
|
12500 |
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Total |
|
500000 |
As on 11.01.2013
|
Names of Allottes |
|
No. of Shares
Allotted |
|
Trikamlal M. Shah |
|
10000 |
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Total |
|
10000 |
As on 29.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cold Roll Formed Sections and
Profiles. |
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Exports : |
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Products : |
Cold Roll Formed Sections and Profiles |
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Countries : |
America |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
GENERAL INFORMATION
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Suppliers : |
JSW Steel Limited |
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Customers : |
End Users
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
CC Rs.125.000 Millions and TL Rs.37.500 Millions (From Central Bank of India) (Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
K. R. Majmudar and Associates Chartered Accountants |
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Address : |
312, Tulsi Complex, Mithakhali Six Roads, Navrangpura, Ahmedabad –
380009, Gujarat, India |
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PAN.: |
ADOPM0180F |
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Enterprises having
common Key Management Personnel: |
Parth Equipment Limited |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
575000 |
Equity Shares |
Rs.10/- each |
Rs.5.750 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
575000 |
Equity Shares |
Rs.10/- each |
Rs.5.750 Millions |
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As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
Millions |
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The Reconcilation of
the number of shares outstanding
|
Particulars |
Number |
Rs. In Millions |
|
Shares outstanding at the beginning of the year |
3 73,750 |
3.738 |
|
Shares Issued during the year |
1 26,250 |
1.263 |
|
Shares bought back during the year |
-- |
-- |
|
Shares outstanding at the end of the year |
5 00,000 |
5.000 |
The Details of
Shareholders holding more than 5% Shares
|
Name of Shareholder |
No. of Shares held |
% of Holdin |
|
Navnitkumar Trikamlal Shah |
130,160 |
26.00% |
|
Hasmukhbhai Trikumlal Shah |
283,660 |
57.00% |
|
Neetaben Navnitkumar Shah |
33,640 |
7.00% |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
3.738 |
3.438 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
39.556 |
26.649 |
21.672 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
44.556 |
30.387 |
25.110 |
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|
LOAN FUNDS |
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|
1] Secured Loans |
41.508 |
14.577 |
23.603 |
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2] Unsecured Loans |
16.025 |
15.119 |
9.967 |
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TOTAL BORROWING |
57.533 |
29.696 |
33.570 |
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DEFERRED TAX LIABILITIES |
4.748 |
3.798 |
2.578 |
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Security Deposit |
0.000 |
0.000 |
1.771 |
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TOTAL |
106.837 |
63.881 |
63.029 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
75.239 |
62.129 |
45.668 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.025 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
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Inventories |
38.305
|
21.244 |
13.141 |
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Sundry Debtors |
13.390
|
9.025 |
9.061 |
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Cash & Bank Balances |
1.373
|
0.059 |
0.505 |
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Other Current Assets |
2.829
|
2.061 |
0.000 |
|
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Loans & Advances |
3.602
|
3.051 |
3.099 |
|
Total
Current Assets |
59.499
|
35.440 |
25.806 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
9.823
|
23.632 |
5.669 |
|
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Other Current Liabilities |
15.412
|
7.749 |
1.452 |
|
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Provisions |
2.666
|
2.307 |
1.352 |
|
Total
Current Liabilities |
27.901
|
33.688 |
8.473 |
|
|
Net Current Assets |
31.598
|
1.752 |
17.333 |
|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.003 |
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TOTAL |
106.837 |
63.881 |
63.029 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
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SALES |
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|
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Income |
175.163 |
89.443 |
45.446 |
|
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|
Other Income |
0.313 |
0.171 |
0.140 |
|
|
|
Processing Charges |
0.000 |
0.000 |
1.787 |
|
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|
TOTAL (A) |
175.476 |
89.614 |
47.373 |
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Less |
EXPENSES |
|
|
|
|
|
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|
Cost of materials consumed |
146.869 |
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|
Change in Other Stock including in Progress |
(7.244) |
(5.786) |
40.081 |
|
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Employee benefits expense |
8.765 |
5.197 |
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|
Other expenses |
10.288 |
6.019 |
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TOTAL (B) |
158.678 |
78.712 |
40.081 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
16.798 |
10.902 |
7.292 |
|
|
|
|
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Less |
FINANCIAL
EXPENSES (D) |
6.836 |
4.108 |
2.562 |
|
|
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|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
9.962 |
6.794 |
4.730 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.417 |
1.887 |
1.249 |
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PROFIT BEFORE
TAX (E-F) (G) |
7.545 |
4.907 |
3.481 |
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Less |
TAX (H) |
2.507 |
2.195 |
1.479 |
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|
PROFIT AFTER TAX
(G-H) (I) |
5.038 |
2.712 |
2.002 |
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|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.829 |
3.852 |
1.850 |
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|
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Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
NA |
0.373 |
0.000 |
|
|
|
Dividend |
NA |
0.300 |
0.000 |
|
|
|
Tax on Dividend |
NA |
0.062 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
NA |
5.829 |
3.852 |
|
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|
|
|
Earnings Per
Share (Rs.) |
10.08 |
7.26 |
NA |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
240.000 |
Expected Sales (2013-14) : Rs.280.000 Millions
The above information has been parted by Mr. Hasmukhbhai Trikamlal Shah
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.87
|
3.02 |
4.23 |
|
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|
Net Profit Margin (PBT/Sales) |
(%) |
4.31
|
5.49 |
7.66 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
21.72
|
5.03 |
4.87 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.16 |
0.14 |
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|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
1.29
|
0.98 |
1.34 |
|
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|
Current Ratio (Current Asset/Current Liability) |
|
2.13
|
1.05 |
3.05 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
Trade Payables |
9.823
|
23.632 |
5.669 |
|
Total |
9.823 |
23.632 |
5.669 |
|
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 |
Yes |
|
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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
Note:
The registered office of the company has been shifted from
27, Nehru Park Societybhairavnath Road Maninagar Ahmedabad – 380028, Gujarat
India to
present address w.e.f. 01.06.2010
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2012 |
As
on 31.03.2011 |
|
LONG TERM
BORROWINGS |
|
|
|
Business Loan From
:- |
|
|
|
HDFC Bank Limited |
0.152 |
0.707 |
|
Magma Fincorp. |
0.069 |
0.624 |
|
From Directors /
Relatives : |
0.000 |
0.000 |
|
Shri Parth N Shah |
2.410 |
1.834 |
|
Shri H.T.Shah |
0.184 |
0.016 |
|
Shri N.T.Shah |
0.441 |
0.883 |
|
Smt. Bhavnaben H.Shah |
0.689 |
0.449 |
|
Smt.Nitaben N.Shah |
1.717 |
1.483 |
|
H.T.Shah H.U.F |
3.461 |
2.850 |
|
N.T.Shah H.U.F. |
2.133 |
1.684 |
|
T.M. Shah H.U.F. |
3.487 |
2.864 |
|
Smt.Manuben T.Shah |
0.257 |
0.266 |
|
Nihar H. Shah |
0.311 |
0.167 |
|
From Others:- |
0.000 |
0.000 |
|
Shri Ashvin Kantilal Makvana |
0.102 |
0.092 |
|
Shri Prakash C. Jain |
0.053 |
0.700 |
|
Smt Chandraben P. Jain |
0.559 |
0.500 |
|
Total |
16.025 |
15.119 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U28999GJ1998PLC034690 |
|
Name of the
company |
DIVY ROLLFORM
LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Block 91, Vavdi, Opposite Elite School, Kheda - Dholka Road, Kheda – 387560, Gujarat, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
80024689 |
|
Type of charge |
|
|
Particular of
charge holder |
Corporation Bank,
IFB Branch, 1st Floor, Rangoli Complex, Opposite V. S. Hospital,
Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
Nature of
instrument creating charge |
Supplementary Common
Deed of Hypothecation of Movabels / Assets / Debts dated 01.11.2012 |
|
Date of
instrument Creating the charge |
01.11.2012 |
|
Amount secured by
the charge |
Rs.100.243
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Margin CC: Inventory
30%, Book Debts 40%. Term Loan (II):
25% on Machinery, 50% on Civil/Construction work. Term Loan
(review): 25% for Machinery, 50% for Construction work. Term Loan (Sanction):
25% for Plant and Machineries, 40% of Civil Construction work. BE under LC: NIL. Import/Inland LC
cum BG: Cash Margin 25%. Extent and Operation of the charge To cover entire
credit facilities granted by the Bank |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
1. Entire present and future stock of Raw Materials and stock in process consisting of HR Scrips, Coils of tubes and other grade etc, and finished goods consisted of various types of sizes of Lipped Channel, Metal Sections, Profiles etc., which now belongs to and may hereinafter during the subsistence of the borrowers' liability belong to the borrower and which are /shall/may be brought into or stored or be in/upon the borrowers premises / godown at Block No. 91 Vavdi Village, Opposite Elite School, Kheda - Dholka Road, Taluka Kheda and/or any other premises or wherever else or in course of transit or delivery to the borrower. 2. Entire receivables / book-debts of the Company both present and future. 3. Entire present and future movable fixed assets of the Company viz., office equipments, furniture and fixtures, plant and machinery, Electrical installation, etc., held by the Company within their factory, depot and office premises or at any other place. |
|
Date of
instrument modifying the charge |
20.09.2012 |
|
Particulars of
the present modification |
By this
modification Bank has enhanced the limit of CC (Hypothecation) to Rs. 37.500
Millions, Term Loan (Fresh): 19.500 Millions, BE under L/C to Rs. 20.000
Millions. Thereby total aggregate limit of this charge enhanced to Rs.
100.243 Millions. The detail break up of the facilities granted are mentioned
below: CC (Hypothecation): Rs.37.500 Millions, TL (II): Rs.3.749 Millions, TL
(Review): Rs.9.494 Millions TL (Fresh): Rs.19.500 Millions, BE under L/C:
Rs.20.000 Millions, Inland L/C cum BG: Rs.10.000 Millions. |
TRADE REFERENCES
- JSW Steel Limited
- KELS Private Limited, Ahmedabad
FIXED ASSETS
- Land
- Factory Building
- Plant and Machinery
- Air Conditioner
- Electric Installation
- Equipmnet and Tools
- Mobile Phone
- Scooter Activa
- Compute
- Furniture and Fixtures
- Cycle
- Office Equipmernts
- Motor Car
- Bikes (KARIZMA-ZMR)
- Digital Electric Weighing Machine
- LapTop Sony (Computer)
- Tata-Pickup
- Water Cooler
- Electric Panel
- Printer
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.53.95 |
|
|
1 |
Rs.83.81 |
|
Euro |
1 |
Rs.70.50 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
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 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.