MIRA INFORM REPORT
|
Report Date : |
20.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
BHADRESH TRADING CORPORATION LIMITED |
|
|
|
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Registered
Office : |
205, Majestic Shopping Centre, 144, J.S.S. Road, Near Opera House,
Girgaum, Mumbai – 400 004, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
21.05.2008 |
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|
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Com. Reg. No.: |
11-182506 |
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Capital
Investment / Paid-up Capital : |
Rs.105.846 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U40105MH2008PLC182506 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB18530B |
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|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Exporter and Importer of Cotton and Cotton Ginners. |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 5300000 |
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|
Status : |
Moderate |
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|
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having a moderate track record. The
management of the company has failed to file its financials with the
Government Department for the year 2012. As per previous year’s record, there
appears huge external borrowings and the profits are low. 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 with some
caution. |
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 (GENERAL DETAILS)
|
Name : |
Ms. Deepali |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-61505001 |
|
Date : |
18.05.2013 |
LOCATIONS
|
Registered / Head Office : |
205, Majestic Shopping Centre, 144, J.S.S. Road, Mumbai – 400 004,
Maharashtra, India |
|
Tel. No.: |
91-22-23800007/
23802004/ 5/
67200021/ 61505001/ 23800008 |
|
Fax No.: |
91-22-23896467/ 23800047/
23640451 |
|
E-Mail : |
anup3339@gmail.com bhadresh@bom2.net.in |
|
Website : |
www.bhadresh.com
|
|
Area : |
1400 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Export Office : |
325/ 326, 3rd Floor, A to Z
Industrial Premises, Next to Peninsula Tower, Lower Parel (West), Mumbai –
400 013, Maharashtra, India |
|
Tel. No.: |
91-22-61505001/ 24948406/ 24948410 |
|
Fax No.: |
91-22-24948405 |
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|
|
|
Cotton Green Office/ Branch Office 1 : |
S-75 and 76, East India
Cotton Association, |
|
Tel. No.: |
91-22-32469623 |
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Fax No.: |
91-22-23750308 |
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Branch Office 2 : |
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Tel. No.: |
91-281-2443561/ 9650 |
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Fax No.: |
91-281-2459704 |
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Overseas Office : |
Rm.2012, Building A, No.1088, |
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Tel. No.: |
+86-21-6109 9690/ 6109 9610 |
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Fax No.: |
+86-21-6109 9630 |
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E-Mail : |
DIRECTORS
As on: 29.09.2012
|
Name : |
Mr. Bhadresh Vasantrai Mehta |
|
Designation : |
Managing Director |
|
Address : |
402, Manju Veena Apartment, 2/A, Narayan Dabholkar road, Opposite Nepean Sea Road,
Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
28.10.1957 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
01.06.2008 |
|
DIN No.: |
01206174 |
|
|
|
|
Name : |
Mr. Parth Bhadresh Mehta |
|
Designation : |
Managing Director |
|
Address : |
402, Manju Veena Apartment, 2/A, Narayan Dabholkar road, Opposite Nepean Sea Road,
Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
30.04.1988 |
|
Qualification : |
Pursuing Study |
|
Date of Appointment : |
01.06.2008 |
|
DIN No.: |
01802821 |
|
|
|
|
Name : |
Mrs. Heena Bhadresh Mehta |
|
Designation : |
Director |
|
Address : |
402, Manju Veena Apartment, 2/A, Narayan Dabholkar road, Opposite Nepean Sea Road,
Mumbai – 400 006, Maharashtra, India |
|
Date of Birth/Age : |
13.10.1958 |
|
Date of Appointment : |
21.05.2008 |
|
DIN No.: |
00655763 |
KEY EXECUTIVES
|
Name : |
Ms. Deepali |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on: 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Bhadresh Vasantrai Mehta |
|
14500000 |
|
Parth Bhadresh Mehta |
|
13600000 |
|
Heena Bhadresh Mehta |
|
680000 |
|
Kinjal Ronak Vora |
|
30000 |
|
Ronak Atul Vora |
|
30000 |
|
Bharti Ramesh Mehta |
|
30000 |
|
Ramesh H. Mehta |
|
30000 |
|
Bhadresh Agro Industries Private Limited, India |
|
6594960 |
|
Bhadresh Infra Venture Private Limited, India |
|
3894960 |
|
Sumeet Promoters Private Limited, India |
|
3745500 |
|
Jaysukh Thakkar |
|
105000 |
|
Kin-tex Engineers Private Limited, India |
|
25000 |
|
Kusum Thakkar |
|
50000 |
|
Mahesh Thakkar |
|
100000 |
|
Mehul Thakkar |
|
50000 |
|
Mukesh Thakkar |
|
45000 |
|
Nayna M. Thakkar |
|
10000 |
|
Total |
|
43520420 |
Equity Share Break up (Percentage of Total Equity)
As on: 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
32.77 |
|
Directors or relatives of Directors |
66.40 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Exporter and Importer of Cotton and Cotton Ginners |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
USA ·
Syria ·
Brazil |
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Imports : |
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Products : |
Cotton |
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Countries : |
·
USA ·
West Africa |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
· Dena Bank, Overseas Branch, 17 - B, Horniman Circle, Fort, Mumbai - 400023, Maharashtra, India Tel No.: 91-22-22661206 · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery of India, Dr. Annie Besant Road, Worli,, Mumbai - 400018, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
J. D. Shah and Associates Chartered Accountants |
|
Address : |
Kandivali (West), Mumbai, Maharashtra, India |
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PAN No.: |
AAHFJ2484N |
CAPITAL STRUCTURE
As on: 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000000 |
Equity Shares |
Rs.10/- each |
Rs.500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43520420 |
Equity Shares |
Rs.10/- each |
Rs.435.204 Millions |
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|
|
|
|
As on: 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10584640 |
Equity Shares |
Rs.10/- each |
Rs.105.846 Millions |
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|
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF
FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
105.846 |
84.000 |
70.000 |
|
|
2] Share Application Money |
450.000 |
468.464 |
0.000 |
|
|
3] Reserves & Surplus |
792.536 |
456.702 |
215.259 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
1348.382 |
1009.166 |
285.259 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3664.318 |
2888.495 |
1266.255 |
|
|
2] Unsecured Loans |
247.496 |
234.196 |
51.092 |
|
|
TOTAL BORROWING |
3911.814 |
3122.691 |
1317.347 |
|
|
DEFERRED TAX LIABILITIES |
4.786 |
2.664 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5264.982 |
4134.521 |
1602.606 |
|
|
|
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
87.230 |
89.425 |
22.588 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
43.344 |
|
|
|
|
|
|
|
|
INVESTMENT |
11.392 |
0.000 |
0.200 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.543 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1803.702
|
2684.166 |
1096.398 |
|
|
Sundry Debtors |
892.099
|
1436.626 |
539.844 |
|
|
Cash & Bank Balances |
1399.779
|
601.499 |
68.916 |
|
|
Other Current Assets |
293.403
|
37.098 |
0.000 |
|
|
Loans, Advances & Deposits |
1502.422
|
197.334 |
248.243 |
|
Total
Current Assets |
5891.405
|
4956.723 |
1953.401 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
212.422
|
816.764 |
343.561 |
|
|
Current Liabilities |
370.233
|
20.863 |
56.409 |
|
|
Provisions |
142.390
|
74.000 |
17.500 |
|
Total
Current Liabilities |
725.045
|
911.627 |
417.470 |
|
|
Net Current Assets |
5166.360
|
4045.096 |
1535.931 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
5264.982 |
4134.521 |
1602.606 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Operating Income |
26441.085 |
21501.382 |
6130.842 |
|
|
|
Other Income |
52.347 |
43.225 |
19.292 |
|
|
|
TOTAL (A) |
26493.432 |
21544.607 |
6150.134 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption materials changes inventories |
25034.653 |
20472.140 |
|
|
|
|
Employee related costs |
11.388 |
5.037 |
|
|
|
|
Administration and Other Expenses |
821.898 |
665.813 |
|
|
|
|
Prior period items |
0.000 |
0.043 |
|
|
|
|
Extraordinary items before tax |
0.000 |
(2.121) |
|
|
|
|
TOTAL (B) |
25867.939 |
21140.912 |
5873.639 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
625.493 |
403.695 |
276.495 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
411.704 |
225.344 |
223.245 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
213.789 |
178.351 |
53.250 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.060 |
3.201 |
1.034 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
209.729 |
175.150 |
52.216 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
70.512 |
59.707 |
16.957 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
139.217 |
115.443 |
35.259 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
150.702 |
35.259 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
289.919 |
150.702 |
35.259 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B Value of Exports |
NA |
18279.788 |
5181.207 |
|
|
|
Service Charges |
NA |
0.072 |
0.000 |
|
|
TOTAL EARNINGS |
NA |
18279.860 |
5181.207 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
NA |
6.528 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
6.528 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
14.08 |
15.65 |
5.04 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total
Income |
(%) |
0.53
|
0.54 |
0.57 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.79
|
0.81 |
0.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.51
|
3.47 |
2.64 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.17 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.90
|
3.09 |
4.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
8.13
|
5.44 |
4.68 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS:
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
Creditors due others |
212.422
|
816.764 |
343.561 |
|
|
|
|
|
|
Total |
212.422
|
816.764 |
343.561 |
|
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
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 |
FINANCIAL RESULTS:
In spite of the several
Changes in Government policy for Export of Raw Cotton, the Company’s Turnover
increased from Rs.21500.000 Millions to Rs.26440.000 Millions during the Year.
The Company’s Net profit after Tax was also increased from 115.400 Millions to
Rs.139.200 Millions.
UNSECURED LOAN
(Rs. in Millions)
|
Particulars |
As
on 31.03.2011 |
As
on 31.03.2010 |
|
Rupee term loans unsecured |
|
|
|
Rupee term loans
others unsecured |
247.496 |
234.196 |
|
Total |
247.496 |
234.196 |
|
|
|
|
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U40105MH2008PLC182506 |
|
Name of the
company |
BHADRESH TRADING
CORPORATION LIMITED |
|
Address of the
registered office or of the principal place of business in |
205, Majestic Shopping Centre, 144, J S S Road, Mumbai – 400004, Maharashtra, India |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
10156912 |
|
Type of charge |
· Book debts · Movable property (not being pledge) · Floating charge |
|
Particular of
charge holder |
Dena Bank, Overseas Branch, 17 – B, Horniman Circle, Fort, Mumbai – 400023, Maharashtra, India |
|
Nature of
instrument creating charge |
Supplement
agreement dated 25.03.2013 |
|
Date of
instrument Creating the charge |
25.03.2013 |
|
Amount secured by
the charge |
Rs.1500.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest /
Commission will be such as applicable for Export Credit as per RBI / HO
Guidelines. Terms of Repayment Repayable on
Demand or as per the Loaning Documents executed between the Company and Bank. Margin Packing Credit
Hypothecation facility : 10% foreign bill
purchase: 10% Extent and Operation of the charge Pari passu charge
on stock and book debts of the Company under Multiple Banking arrangement |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Hypothecation of
Stocks, Book Debts, Export Receivables, Movables and other Assets etc. of the
Company under Multiple Banking arrangement Export
Receivables |
|
Particulars of
the present modification |
Charge has been
modified to Rs. 1500.000 Millions |
FIXED ASSETS:
·
Motor Vehicles
·
Computer
·
Office Equipment
·
Furniture and Fixtures
·
Building
·
Plant and Machinery
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
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.