MIRA INFORM REPORT
|
Report Date : |
18.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
HERANBA INDUSTRIES LIMITED |
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Formerly Known
As : |
HERANBA INDUSTRIAL CHEMICALS LIMITED HERANBA INDUSTRIAL CHEMICALS PRIVATE LIMITED |
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Registered
Office : |
Plot No. 1505,
GIDC, III Phase, Vapi – 396195, Gujarat |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
17.03.1992 |
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Com. Reg. No.: |
04-017315 |
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Capital
Investment / Paid-up Capital : |
Rs. 40.159
Millions |
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CIN No.: [Company Identification
No.] |
U24231GJ1992PLC017315 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
SRTH01177B |
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PAN No.: [Permanent Account No.] |
AAACH3787Q |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer of Synthetic Pyrethroids and its
Intermediates. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
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 1710000 |
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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 a satisfactory track record.
There appears slight dip in its profitability during 2012. However, general financial position seems to be strong. Trade
relations are reported to be fair. Business is active. Payments are reported
to be usually correct and as per commitments. The company can be considered for normal business dealings at usual trade
terms and condition. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
|
High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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/ Factory : |
Plot No.
1505 GIDC, III Phase, Vapi – 396195,
Gujarat, India |
|
Tel. No.: |
91-260-2429856 |
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Fax No.: |
91-260-2429856 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Head Office : |
101/ 102, Kanchanganga, Factory Lane, Borivali (West), Mumbai-400092,
Maharashtra, India |
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Tel. No.: |
91-22-28982133/ 44/ 23987912/ 14/ 28984439 |
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Fax No.: |
91-22-28338445/ 28993948 |
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E-Mail : |
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Marketing Office : |
201/ 202, Dwarkesh, Above Tribhuvandas Bhimji Jhaveri, L.T. Road,
Borivali (West), Mumabi-400092, Maharashtra, India |
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Tel. No.: |
91-22-28980680/ 28338443/ 44 |
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Fax No.: |
91-22-28338445 |
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Branch Offices : |
Located at : Ø Delhi Ø Haryana Ø Punjab Ø Lucknow Ø Uttrakhand Ø Rajasthan Ø Jaipur Ø Vijayawada Ø Karnataka Ø Chennai Ø Hyderabad Ø Ahmedabad Ø Maharashtra –
Pune Ø Maharashtra -
Akola Ø Indore Ø Raipur Ø Orissa Ø Kolkata Ø Bihar |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Sadashiv Kanyana Shetty |
|
Designation : |
Managing director |
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Address : |
18/A, Tower
"D', Viceory Park, Opposite Thakur Cinema, Thakur Village, Kandivali
(East), Mumbai - 400101,Maharashtra, India |
|
Date of Birth/Age : |
13.06.1954 |
|
Qualification : |
Graduate |
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Date of Appointment : |
29.09.1994 |
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PAN No.: |
AAJPS4330G |
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DIN No.: |
00038681 |
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Name : |
Mr. Raghuram Kanyan Shetty |
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Designation : |
Whole-time director |
|
Address : |
1601/B,
Shantivan, Devidas Lane, Near Club Aquria, Eksar Village Borivali (West),
Mumbai - 400013, Maharashtra, India |
|
Date of Birth/Age : |
25.03.1959 |
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Qualification : |
Graduate |
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Date of Appointment : |
29.09.1994 |
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PAN No.: |
AMWPS0596B |
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DIN No.: |
00038703 |
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Name : |
Mrs. Sujata Sadashiv Shetty |
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Designation : |
Director |
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Address : |
18/A, Tower
"D', Viceory Park, Opposite Thakur Cinema, Thakur Village, Kandivali
(East), Mumbai - 400101,Maharashtra, India |
|
Date of Birth/Age : |
08.05.1960 |
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Qualification : |
Graduate |
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Date of Appointment : |
27.12.2001 |
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PAN No.: |
AVGPS3084F |
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DIN No.: |
00632563 |
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Name : |
Mrs. Vanita Raghuram Shetty |
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Designation : |
Director |
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Address : |
1601/B,
Shantivan, Devidas Lane, Near Club Aquria, Eksar Village Borivali (West),
Mumbai - 400013, Maharashtra, India |
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Date of Birth/Age : |
14.11.1969 |
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Qualification : |
Graduate |
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Date of Appointment : |
27.12.2001 |
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PAN No.: |
ACLPS0010K |
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DIN No.: |
02493401 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
Note:
SHAREHOLDING DETAILS FILE ATTACHED
AS ON 28.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
10.32 |
|
Directors
or relatives of directors |
|
89.68 |
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Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Synthetic Pyrethroids and its Intermediates. |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Corporation Bank, 68/72, Babu Genu Road, Kalbadevi, Post Box No. 2587,
Mumbai – 400002, Maharashtra, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Anay Gogte and
Company Chartered Accountants |
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Address : |
1/F-6 Krishna
Nagar, Chandavarkar Road, Borivali [West], Mumbai – 400092, Maharashtra,
India |
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Income-tax
PAN of auditor or auditor's firm : |
AAIPG0263F |
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Related Parties : |
Ø Shakti Bio
Science Limited [U24116GJ1995PLC024430] Ø Sams Industries
Limited [U24110MH1994PLC082301] |
CAPITAL STRUCTURE
AFTER 28.09.2012
Authorised Capital : Rs.
50.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 40.659
Millions
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 45.000 Millions |
|
50,000 |
Preference Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
|
Total |
|
Rs. 50.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,764,653 |
Equity Shares |
Rs. 10/- each |
Rs. 37.647
Millions |
|
25,121 |
Preference Shares |
Rs. 100/- each |
Rs. 2.512
Millions |
|
|
Total |
|
Rs. 40.159 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 |
40.159 |
39.232 |
39.232 |
|
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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|
3] Reserves & Surplus |
387.425 |
319.523 |
264.925 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
427.584 |
358.755 |
304.157 |
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|
LOAN FUNDS |
|
|
|
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1] Secured Loans |
633.127 |
689.279 |
544.209 |
|
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2] Unsecured Loans |
16.007 |
5.390 |
12.425 |
|
|
TOTAL BORROWING |
649.134 |
694.669 |
556.634 |
|
|
DEFERRED TAX LIABILITIES |
6.139 |
0.000 |
6.730 |
|
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OTHER LIABILITIES |
0.000 |
0.000 |
13.274 |
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|
|
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|
|
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TOTAL |
1082.857 |
1053.424 |
880.795 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
264.848 |
273.364 |
280.788 |
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Capital work-in-progress |
36.374 |
15.708 |
0.000 |
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INVESTMENT |
0.211 |
0.234 |
0.228 |
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DEFERRED TAX ASSETS |
0.000 |
1.715 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
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Inventories |
679.809
|
663.213 |
359.008 |
|
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Sundry Debtors |
535.485
|
574.334 |
519.923 |
|
|
Cash & Bank Balances |
53.711
|
73.764 |
69.760 |
|
|
Other Current Assets |
168.013
|
210.987 |
0.000 |
|
|
Loans & Advances |
17.029
|
11.517 |
547.768 |
|
Total
Current Assets |
1454.047
|
1533.815 |
1496.459 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
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|
Sundry Creditors |
475.766
|
573.039 |
820.893 |
|
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Other Current Liabilities |
136.107
|
156.962 |
41.232 |
|
|
Provisions |
60.750
|
41.411 |
34.555 |
|
Total
Current Liabilities |
672.623
|
771.412 |
896.680 |
|
|
Net Current Assets |
781.424
|
762.403 |
599.779 |
|
|
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
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TOTAL |
1082.857 |
1053.424 |
880.795 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
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Revenue from operations |
2441.687 |
2027.049 |
1690.145 |
|
|
|
Other Income |
67.856 |
11.822 |
49.726 |
|
|
|
TOTAL (A) |
2509.543 |
2038.871 |
1739.871 |
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|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
1784.015 |
1610.141 |
|
|
|
|
Changes in
inventories of finished goods, work-in-progress and stock-in-trade |
(69.972) |
(226.802) |
|
|
|
|
Employee benefit expense |
149.390 |
121.354 |
|
|
|
|
Other expenses |
380.317 |
333.326 |
|
|
|
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TOTAL (B) |
2243.750 |
1838.019 |
1561.361 |
|
|
|
|
|
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
265.793 |
200.852 |
178.510 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
121.440 |
87.307 |
75.435 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
144.353 |
113.545 |
103.075 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
31.123 |
37.553 |
31.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
113.230 |
75.992 |
71.638 |
|
|
|
|
|
|
|
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|
Less |
TAX (H) |
51.194 |
(1.479) |
10.996 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
62.036 |
77.471 |
60.642 |
|
|
|
|
|
|
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|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
771.726 |
623.645 |
6296.991 |
|
|
|
|
|
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IMPORTS |
|
|
|
|
|
|
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Raw Materials |
N.A. |
382.694 |
271.381 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
16.67 |
21.00 |
12.89 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.47
|
3.80 |
3.49 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.64
|
3.75 |
4.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.59
|
4.21 |
4.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.21 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.52
|
1.94 |
1.83 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.16
|
1.99 |
1.67 |
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 |
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 |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Loans and advances from related parties |
16.007 |
5.390 |
|
Total |
16.007 |
5.390 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U24231GJ1992PLC017315 |
|
Name of the
company |
HERANBA
INDUSTRIES LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 1505, GIDC,
III Phase, Vapi – 396195, Gujarat, India Email: heranba@vsnl.com |
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
90095381 |
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Others [Current and Fixed Assets] |
|
Particular of
charge holder |
Corporation Bank, 68/72, Babu Genu Road, Kalbadevi, Post Box No. 2587,
Mumbai – 400002, Maharashtra, India Email: info@ca-adlalwani.com
|
|
Nature of
description of the instrument creating or modifying the charge |
1.Supplemental
common deed of hypothecation of moveables/ assets/ debts |
|
Date of
instrument Creating the charge |
06.07.2012 |
|
Amount secured by
the charge |
Rs. 1037.500
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As stipulated by
bank from time to time Terms of Repayment As stipulated by
bank from time to time Margin As stipulated by
bank from time to time Extent and Operation of the charge First charge
(present and future) = Total Limit Rs.1037.500 Millions (Cash Credit
-Rs.385.000 Millions, PCL/ PDFC=140.000, FDBP/ FDBN/ FDBD/ PSCFC=150.000,
term loan -review-Rs.82.500, import LC/ inland LC =250.000, Corp instant
service=Rs 30.000 Millions) and/or as stipulated by bank from time to time Others As stipulated by
bank from time to time and as per sanction letter of the bank |
|
Short particulars
of the property charged |
First charge
(present and future)-exclusive first charge by way of hypothecation of
stock/book debts and receivables and current assets Exclusive first
charge by way of hypothecation of entire fixed/movable assets of the company
comprising of plant and machineries and furniture and other assets of the
company Exclusive first
charge on the entire net block value of the company including hypothecation
of all movable assets, hypothecation of all current, movable and fixed assets EMG of flat no
102 and 101 each admesuring about 750 square feet, carpet area on the Ist
Floor of the bld known as Kanchganga ,situated at final plot no 40 of tps III
situated at Eksar, Borivali, Mumbai EMG of all piece
and parcel of the plot of land adm .about 3342s.m. of the plot no
1505,bearing revenue survey no 117/p,118/p and 120/9,situated within the
limits of chhiri of tal-Pardi, District Valsad Gujarat EMG of all piece
and parcel of the plot of land adm .about 2760s.m. Of the plot no 1506/1
bearing revenue survey no 117/p,118/p and120/9,situated within the limits of
chhiri of tal-Pardi, District Valsad Gujrat EMG of shed
bearing No a2-2214,on a plot of land bearing survey no.115(pt) and 116 (pt)
admesuring 1873 s .m. Situated at Village Chhiri of Tal-Pari of District
Valsad. EMG of shed
bearing no a2-2215 on plot of land bearing Survey No 115(pt) and 116(pt)
admeasuring 809 s.m. Situated at village Chhiri of Tal-Pardi, District
Valsad. EMG of all piece
and parcel of the plot of land adm .about 2494s.m. Of the plot no 1503/1
bearing revenue survey no 117/p, situated within the limits of Chhiri of
tal-Pardi, District Valsad Gujarat EMG of all piece
and parcel of land adm 3638 s m (consisting of const area 352.80 s.m.)
Bearing plot no 1504 bearing revenue Survey No 117/p, situated within the
limits of Chhiri of Tal-Pardi, Dist Valsad |
|
Particulars of
the present modification |
By this
modification limit stands to Rs.1037.500 Millions (cash credit-Rs.385.000
Millions, PCL/ PDFC=140.000, FDBP/ FDBN/ FDBD/ PSCFC=150.000, term loan
-review-Rs.82.500, import LC/ inland LC =250.000, Corp instant service=Rs
30.000 Millions), securities are continued as given by original charge as well
as by modification. |
FIXED ASSETS:
Ø Land
Ø Buildings
Ø Factory building
Ø Plant and equipment
Ø Other plant and equipment
Ø Furniture and fixtures
Ø Vehicles
Ø Motor vehicles
Ø Office equipment
Ø Computer equipments
Ø 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. 54.89 |
|
|
1 |
Rs. 83.66 |
|
Euro |
1 |
Rs. 70.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
5 |
|
--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 |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.