MIRA INFORM REPORT
|
Report Date : |
09.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
PARLE AGRO PRIVATE LIMITED (w.e.f. 16.04.2001) |
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Formerly Known
As : |
PARLE AGRO LIMITED |
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Registered Office
: |
Western Express Highway, Andheri (East), Mumbai - 400099, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
26.12.1985 |
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Com. Reg. No.: |
11-038459 |
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Capital
Investment / Paid-up Capital : |
Rs. 82.000
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U15130MH1985PTC038459 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMM19663A |
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PAN No.: [Permanent Account No.] |
AAACP8416G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Distributor of flavours, ready to serve fruit beverages, packaged drinking water, PET performs caps, handles, confectionery and Snacks food items. |
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No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
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 12600000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and a reputed company having a fine
track record. The company has recorded better growth in its turnover and profits during
2012. The financial position of the company is found to be healthy. Trade
relations are reported as trustworthy. Business is active. Payment terms are
regular and as per commitment. The company can be considered good 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 DECLINED
MANAGEMENT NON CO-OPERATIVE (Tel. No.: 91-22-67348000)
LOCATIONS
|
Registered Office / Head Office / Corporate Office : |
|
|
Tel. No.: |
91-22-66935025/ 32/ 66931921/ 24/ 65185761/ 67348000 |
|
Fax No.: |
91-22-66935050 |
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E-Mail : |
General
information: info@parleagro.com Consumer
information: consumercell@parleagro.com
Media related
information: corpcomm@parleagro.com Career related
information: careers@parleagro.com Export related
information: exports@parleagro.com |
|
Website: |
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|
Area : |
18000 Sq. ft. |
|
Location : |
Owned |
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|
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|
Factory : |
Plot No.1-14, |
DIRECTORS
As on 28.09.2012
|
Name : |
Mr. Prakash Jayantilal Chauhan |
|
Designation : |
Whole Time Director |
|
Address : |
Shanti Kunj, 47 Tejpal Road, Vile Parle (East), Mumbai - 400057, Maharashtra, India |
|
Date of Birth/Age : |
16.12.1946 |
|
Qualification : |
Electron Technology Programme – RCA Institute (USA) BSC. in Business Administration – Boston University USA |
|
Date of Appointment : |
26.12.1985 |
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PAN No. : |
AAIPC2975J |
|
00078739 |
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|
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|
Name : |
Mrs. Schauna Chauhan Bikramjeet Saluja |
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Designation : |
Whole Time Director |
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Address : |
2901, A Wing, 29th Floor, Oberoi Sky Heights, Lokhandwala, Andheri (West), Mumbai - 400052, Maharashtra, India |
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Date of Birth/Age : |
02.08.1976 |
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Qualification : |
BBA International Management in Business School of Lausanne, Switzerland |
|
Date of Appointment : |
30.09.1999 |
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PAN No. : |
ADBPC2995C |
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DIN No.: |
00078965 |
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|
|
Name : |
Mrs. Alisha Chauhan Riyhad Kundanmal |
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Designation : |
Director |
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Address : |
1401/ 1402, Hicons Classic, CTS F/ 125, New Galita, TPS IV, 21st Road, Khar (West), Mumbai – 400052, Maharashtra, India |
|
Date of Birth/Age : |
14.09.1978 |
|
Qualification : |
Bachelor of Commerce, Bachelor of Economics, BBA |
|
Date of Appointment : |
15.09.2010 |
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PAN No. : |
AERPC6469G |
|
DIN No.: |
00079033 |
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|
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|
Name : |
Mrs. Nadia Chauhan Kurup |
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Designation : |
Managing Director |
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Address : |
Anand, 13th Floor, Plot, No.424, Chitrkar Dhurandhar Marg, Khar (West), Mumbai - 400052, Maharashtra, India. |
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Date of Birth/Age : |
08.01.1986 |
|
Qualification : |
Bachelor of Commerce |
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Date of Appointment : |
29.09.2006 |
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PAN No. : |
AEVPC0282P |
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DIN No.: |
00850166 |
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|
|
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Name : |
Mr. Chandraprakash Dilbahadur Sood |
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Designation : |
Director |
|
Address : |
Plot No.110, Flat No.9, Uma Kunj, Behind Pratap Society, Four Bunglows, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
16.07.1957 |
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Date of Appointment : |
15.02.2007 |
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PAN No. : |
AAOPS7138R |
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DIN No.: |
01214816 |
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|
|
|
Name : |
Mr. Ashok Purshottam Bhave |
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Designation : |
Director and Head Technical |
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Address : |
27-C, Prem Varsha Parsiwada, Sahar Road, Andheri (East), Mumbai - 400099, Maharashtra, India |
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Date of Birth/Age : |
05.10.1948 |
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Qualification : |
M.E., Ministry of Transport |
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Date of Appointment : |
22.12.2008 |
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PAN No. : |
ABPPB0380A |
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DIN No.: |
02480658 |
KEY EXECUTIVES
|
Name : |
Mr. Chetan Shivling Solse |
|
Designation : |
Secretary |
|
Address : |
C/403, Bhoomi Classic CHS, Opposite Inorbit Mall, Link Road, Malad
(West), Mumbai – 400064, Maharashtra, India |
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Date of Birth/Age : |
20.10.1975 |
|
Date of Appointment : |
08.05.2012 |
|
PAN No. : |
AVLPS1702R |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
No. of Shares |
|
Prakash Jayahntilal Chauhan |
817000 |
|
Schauhna Chauhan Saluja |
1000 |
|
Alisha Chauhan Kundanmal |
1000 |
|
Nadia Chauhan Kurup |
1000 |
|
Total |
820000 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Distributor of flavours, ready to serve fruit beverages, packaged drinking water, PET performs, caps, handles, confectionery and Snacks food items. |
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Products / Services: |
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GENERAL INFORMATION
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No. of Employees : |
Information declined by management |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
S.R. Batliboi and Associates Chartered Accountants |
|
Address : |
14th Floor, The Ruby, 29 Senapati Bapat Marg, Dadar (West),
Mumbai - 400 028, |
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Tel. No.: |
91-22-40356300 |
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Fax No.: |
91-22-40356400 |
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PAN
No.: |
AABFS3421N |
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Entities owned or significantly
influenced by key management personnel or their relatives: |
(CIN No.: U92100MH2007PTC171741)
(CIN No.: U74940MH2010PTC199477)
(CIN No.: U74990MH2009PTC194432) |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.100/- each |
Rs.150.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
820000 |
Equity Shares |
Rs.100/-
each |
Rs.82.000
Millions |
|
|
|
|
|
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 |
82.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
3080.347 |
2807.013 |
2712.922 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
3162.347 |
2809.013 |
2714.922 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
213.921 |
1173.660 |
731.593 |
|
|
2] Unsecured Loans |
80.877 |
148.090 |
0.000 |
|
|
TOTAL BORROWING |
294.798 |
1321.750 |
731.593 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
|
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TOTAL |
3457.145 |
4130.763 |
3446.515 |
|
|
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|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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FIXED ASSETS [Net Block] |
1695.564 |
1714.574 |
1313.366 |
|
|
Capital work-in-progress |
110.186 |
118.031 |
372.399 |
|
|
|
|
|
|
|
|
INVESTMENT |
731.065 |
1239.541 |
1175.017 |
|
|
DEFERRED TAX ASSETS |
91.887 |
62.716 |
56.672 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1350.508
|
1492.306
|
832.286
|
|
|
Sundry Debtors |
205.487
|
208.832
|
116.698
|
|
|
Cash & Bank Balances |
50.359
|
48.657
|
69.926
|
|
|
Other Current Assets |
15.177
|
16.367
|
3.928
|
|
|
Loans & Advances |
500.968
|
410.122
|
443.912
|
|
Total
Current Assets |
2122.499
|
2176.284
|
1466.750
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
815.527 |
677.993 |
470.710 |
|
|
Other Current Liabilities |
373.969
|
421.606
|
394.542
|
|
|
Provisions |
104.560
|
80.784
|
72.437
|
|
Total
Current Liabilities |
1294.056
|
1180.383
|
937.689
|
|
|
Net Current Assets |
828.443
|
995.901
|
529.061
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3457.145 |
4130.763 |
3446.515 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
5634.069 |
|
|
|
Other Income |
|
|
192.138 |
|
|
|
Excess/ Short Provision |
138.277 |
112.144 |
19.159 |
|
|
|
Increase/ Decrease in inventories |
|
|
(59.139) |
|
|
|
TOTAL |
8052.504 |
7011.817
|
5786.227 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw and Packaging Materials Consumed |
7309.791 |
6484.542 |
2772.304 |
|
|
|
Personnel Expenses |
|
|
573.623 |
|
|
|
Operating and Other Expenses |
|
|
1885.236 |
|
|
|
Other Expenditure |
|
|
77.835 |
|
|
|
TOTAL |
7309.791 |
6484.542 |
5308.998 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
742.713 |
527.275 |
477.229 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST
EXPENSES |
93.797 |
92.265 |
38.586 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
648.916 |
435.010 |
438.643 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
367.134 |
336.207 |
304.184 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
281.782 |
98.803 |
134.459 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
8.448 |
7.211 |
10.311 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
AND BEFORE PRIOR PERIOD EXCEPTIONAL ITEMS
|
273.334 |
91.592 |
124.148 |
|
|
|
|
|
|
|
|
|
Less/ Add |
Impairment losses and prior period adjustments (Net) |
0.000 |
0.000 |
(1.422) |
|
|
|
|
|
|
|
|
|
|
PROFIT FOR THE
YEAR |
273.334 |
91.592 |
122.726 |
|
|
|
|
|
|
|
|
|
|
Post merger Profit/ (Loss) of PSSPL for the year 2007-2008 |
0.000 |
0.000 |
0.000 |
|
|
|
Post merger Profit/ (Loss) of PPPL for the period from January to
March, 2009 |
0.000 |
0.000 |
60.797 |
|
|
|
Balance of P and L a/c of PPPL till 31st December, 2008
pursuant to Scheme of Arrangement |
0.000 |
0.000 |
591.289 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
1186.411 |
1094.818 |
320.006 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1459.745 |
1186.410 |
1094.818 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
282.288 |
205.279 |
186.681 |
|
|
TOTAL EARNINGS |
282.288 |
205.279 |
186.681 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw and packing materials |
94.124 |
101.894 |
21.180 |
|
|
|
Components and Spare Parts |
14.538 |
6.734 |
4.538 |
|
|
|
Capital Goods |
31.209 |
77.261 |
44.931 |
|
|
TOTAL IMPORTS |
139.871 |
185.889 |
70.649 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
333.33 |
4580.00 |
6136.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.39
|
1.31 |
2.12
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.56
|
1.43 |
2.32
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.38
|
2.54 |
4.84
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.04 |
0.05
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.09
|
0.47 |
0.27
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.64
|
1.84 |
1.56
|
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
|
|
|
|
|
Sundry Creditors |
815.527 |
677.993 |
470.710 |
|
|
|
|
|
|
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 |
Yes |
|
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 |
OPERATIONS:
The year 2011-12, the Company has registered sales turnover of Rs. 7914.227 millions as against Rs. 6899.673 millions in the previous year registering a growth of 14.7%. The Company has recorded profit before tax of Rs. 281.782 millions as against Rs. 98.803 millions in the previous year, an increase of 185.19 % over previous year.
BUSINESS DEVELOPMENT:
As a part of its expansion plans, the Company is in the process of setting up a manufacturing plant at Varanasi, Uttar Pradesh and at Mysore district in Karnataka. These plants will manufacture Fruit Based Ready to Serve Beverages, Flavours (NABB) and Snack Foods.
During the year, the Company launched Joystix Kaju, a format extension of the Softease Soft Toffees.
The Company recently launched its premium beverage brand, the popular sparkling apple drink, Appy Fizz in attractive and eye-catching cans. This is the first time that the Company has launched any of its brands in this packaging format. Positioned as a cool drink to hang out with, Appy Fizzs vibrant new cans enhances the brand personality and offers convenience along with style to the youth while they sip on their favorite bubbly apple drink.
The Company’s in-depth understanding of its consumers and research on key market trends allows it to develop packaging that is handy and visually appealing to the consumer. The success story of the company pioneering fruit based beverages in Tetra Pak and PET formats is well known in India. Research has shown the can segment as an extremely popular and an in-demand packaging mode amongst youth and young adults which is the core target group for Appy Fizz. The format appeals to them being cool and stylish right from the opening of the lid to gulping down a swig.
Recently, the Company also launched Hippo World Toasties, toasted bread snack in a range of 6 exciting flavours from around the world. The product has been developed in such a way using popular global taste with an Indian note. Hippo World Toasties has been launched with clutter breaking packaging consisting of 3 solid coloured bands comprising colours of the flag from where the flavor is.
UNSECURED LOAN
|
Particulars |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
In Millions) |
|
Deposits from directors |
80.877 |
148.090 |
|
Total |
80.877 |
148.090
|
CONTINGENT
LIABILITIES:
(Rs. in millions)
|
PARTICULARS |
31.03.2012 |
|
Disputed income tax liability (including interest thereon) |
52.393 |
|
Disputed sales tax liability |
7.907 |
|
Disputed excise duty |
89.601 |
|
Guarantee given by the banks |
5.267 |
FIXED ASSETS
- Land
- Buildings
- Factory building
- Plant and equipment
- Factory equipments
- Other plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other 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.54.16 |
|
|
1 |
Rs.83.88 |
|
Euro |
1 |
Rs.71.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
7 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILIRY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
|
62 |
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.