MIRA
INFORM REPORT
|
Report Date : |
12.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
RADHAKRISHNA FOODLAND PRIVATE LIMITED |
|
|
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|
Registered
Office : |
Radhakrishna House, |
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|
Country : |
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Financials (as
on) : |
31.03.2013 |
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|
Date of
Incorporation : |
06.10.1987 |
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|
Com. Reg. No.: |
11-044894 |
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Capital
Investment / Paid-up Capital : |
Rs.1541.803 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH1987PTC044894 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNER06098B |
|
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|
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PAN No.: [Permanent Account No.] |
AAACR5085R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Wholesalers, Retailers, Importers, Exporters, Distributors and
Packagers of all types of Food Items |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1302000 |
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|
|
|
Status : |
Moderate |
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|
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderet
track record. There appears huge accumulated losses recorded by the company. However, trade relations are reported as fair. Business is active.
Payments are reported to be slow. The company can be considered 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85
to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue before
the end of 2013 as a part of its plan to raise $ 1 billion. The Apple iPhone 5c (Rs 41900 for 16 GB
variant) and 5s (Rs 53500 for 16GB variant) has been
launched in
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam
Ramesh. The Act replaces a 119 year old registration.
The Securities and Exchange Board of India has approved the trading of currency
futures on the Bombay Stock Exchange. The exchange plans to launch the currency
futures platform with advanced trading technology by the end of November.
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 : |
Radhakrishna House, Majiwade
Village Road, Majiwade, Thane-400601, Maharashtra, India |
|
Tel. No.: |
91–22–55986464 / 56464400 / 67986464 / 25372881 |
|
Fax No.: |
91-22-56464499 / 55971767 / |
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E-Mail : |
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Website : |
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Branch Office: |
·
1, Mermaid, Juhu Tara
Road, Juhu, Mumbai – 400049, Maharashtra,
India Tel No :- 91-22-26184365 Fax No :- 91-22-26113502 ·
C-8, Phase II, Noida-
201305, Uttar Pradesh, India Tel No :- 91-120-2567894 Fax No:- 91-120-2567893 ·
Navi Mumbai |
|
|
|
|
Corporate Office : |
Valeda Chambers, 4A, 4th Floor, Plot No. B-6,
New Link Road, Andheri (W), Mumbai – 400053 |
|
Tel. No.: |
91-22-56464400 |
|
Fax No.: |
91-22-56464499 |
|
|
|
|
Warehouse / Cum Office : |
Food Park, Sector KWC, Plot No. 1, Kalamboli
410218, Taluka Panvel,
District Raigad, Maharashtra,
India |
DIRECTORS
AS ON 28.09.2012
|
Name : |
Mr. Raju R. Shete |
|
Designation : |
Chairman and Managing Director |
|
Address : |
7-A, Lohtse Ruia
Park, Juhu Tara Road, Juhu,
Mumbai-400049, Maharashtra, India |
|
Date of Birth/Age : |
24.06.1961 |
|
Date of Appointment : |
30.03.2002 |
|
Din No.: |
00371439 |
|
|
|
|
Name : |
Mr. Homi Aibara |
|
Designation : |
Director |
|
Address : |
Napean Terrace, First Floor, 25, Nepean Sea
Road, Mumbai-400036, Maharashtra, India |
|
Date of Birth/Age : |
11.07.1953 |
|
Date of Appointment : |
21.02.2000 |
|
Din No.: |
00273262 |
|
|
|
|
Name : |
Mr. Hitesh Reshamwala |
|
Designation : |
Director |
|
Address : |
702, a Wing, Sudarshan Solitaire, D-65,
Building, Azad, Veera
Desai Road, Andheri (West), Mumbai – 400053, Maharashtra, India |
|
Date of Birth/Age : |
15.11.1965 |
|
Date of Appointment : |
17.04.2009 |
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Din No.: |
00367482 |
|
|
|
|
Name : |
Mr. Palepu Sudhir Rao |
|
Designation : |
Director |
|
Address : |
12, F, Regalia, No 3, Sardar Patel Road, Taramani, Chennai – 600113, Tamil Nadu,
India |
|
Date of Birth/Age : |
15.04.1961 |
|
Date of Appointment : |
04.08.2009 |
|
Din No.: |
00018213 |
KEY EXECUTIVES
|
Name : |
Ranjana Saboo |
|
Designation : |
Secretary |
|
Address : |
Flat No. 601-602/4, Shubharambh Complex
Opposite Happy, Valley, Manpada Road, Thane (West),
Mumbai – 400607, Maharashtra, India |
|
Date of Birth/Age : |
23.03.1981 |
|
Date of Appointment : |
01.12.2010 |
|
Pan No.: |
BEWPS7910G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders (Equity Shares) |
No. of Shares |
|
Radhakrishna Restaurants Private Limited |
5819241 |
|
Cone Investment Limited |
4123032 |
|
|
|
|
Total |
9942273 |
|
Names of Shareholders (Preference Shares ) |
No. of Shares |
|
Cone Investment Limited |
5475762 |
|
|
|
|
Total |
5475762 |
As on 28.09.2012
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial
institution(s), Non-resident Indian(s) or Overseas Corporate bodies or Others |
41.47 |
|
Bodies corporate |
58.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Wholesalers, Retailers, Importers, Exporters, Distributors and
Packagers of all types of Food Items |
||||
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||||
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Products : |
·
Provisions ·
Groceries ·
Beverages
|
GENERAL INFORMATION
|
Customers : |
Processors ·
Frito Lays ·
Allana ·
Convenio Foods ·
Chambal Fertilizers ·
ITC Ltd ·
NDDB ·
Pagro Foods ·
Supreme Suguna ·
Vista Foods Manufacturers ·
Amul ·
Cadbury ·
Hindustan Lever limited ·
Mccain Retail Chains ·
Walmart ·
Foodland Fresh Hospitality ·
RkhS QSR Chains ·
Pizzahuts ·
Nandos |
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No. of Employees : |
Not Available |
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Bankers : |
·
Thane Bharat Sahakari Bank Limited, Rutu
Park, Thane - 400601, Maharashtra, India ·
Bank of India, Vileparle
(East) Branch, Mumbai, Maharashtra, India |
||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
AMJ and Company Chartered Accountants |
|
Address : |
59, Maker Tower ‘F’, Cuffe Parade, Mumbai –
400005, Maharashtra, India |
|
|
|
|
Holding Company : |
Radhakrishna Business Solutions Private Limited, India CIN No. : U55101MH2007PTC170771 |
|
|
|
|
Ultimate Holding company : |
Cone Investments
Limited, Mauritius |
|
|
|
|
Others : |
Planet Support
Services India Private Limited, India CIN No. : U92190MH1980PTC023561 Gift Holding
Private Limited, India CIN No.: U67120MH1986PTC039139 OCS Services
(India) Private Limited, India CIN No. : U74210MH1996PTC103138 WEAVINGS
Manpower Solutions Private Limited, India CIN No. : U93090MH2010PTC210028 Hemsil Trading and Manufacturing Private Limited, Maurities
Radhakrishna Food Services Private Limited, India CIN No. : U55204MH2007PTC173961 FASSCO
International (India) Private Limited, India CIN No. : U55101MH2012PTC236508 |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10561000 |
Equity Shares |
Rs.100/- each |
Rs.1056.100 Millions |
|
5500000 |
Preference Shares |
Rs.100/- each |
Rs. 550.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1606.100
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9942273 |
Equity Shares |
Rs.100/- each |
Rs.994.227 Millions |
|
5475762 |
Preference Shares |
Rs.100/- each |
Rs.547.576 Millions |
|
|
|
|
|
|
|
Total |
|
Rs.1541.803
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1541.803 |
1496.729 |
1496.729 |
|
(b) Reserves & Surplus |
(1216.262) |
(1152.704) |
(1045.141) |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
30.070 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
325.541 |
374.095 |
451.588 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
20.838 |
46.433 |
22.852 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
3.530 |
5.663 |
0.663 |
|
(d) long-term provisions |
3.926 |
3.197 |
0.000 |
|
Total Non-current Liabilities (3) |
28.294 |
55.293 |
23.515 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
120.850 |
80.747 |
37.754 |
|
(b) Trade payables |
286.173 |
207.853 |
161.734 |
|
(c) Other current
liabilities |
89.273 |
69.512 |
52.777 |
|
(d) Short-term provisions |
4.723 |
2.265 |
3.590 |
|
Total Current Liabilities (4) |
501.019 |
360.377 |
255.855 |
|
|
|
|
|
|
TOTAL |
854.854 |
789.765 |
730.958 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
437.517 |
447.081 |
453.341 |
|
(ii) Intangible Assets |
0.734 |
1.264 |
7.943 |
|
(iii) Capital
work-in-progress |
0.000 |
13.199 |
16.016 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.065 |
0.059 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
119.333 |
104.397 |
78.934 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
558.084 |
566.006 |
556.293 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
52.809 |
42.479 |
32.172 |
|
(c) Trade receivables |
200.986 |
150.185 |
106.204 |
|
(d) Cash and cash
equivalents |
19.899 |
18.184 |
21.754 |
|
(e) Short-term loans and
advances |
23.076 |
12.911 |
14.535 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
296.770 |
223.759 |
174.665 |
|
|
|
|
|
|
TOTAL |
854.854 |
789.765 |
730.958 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1802.216 |
1563.213 |
1156.282 |
|
|
|
Other Income |
24.485 |
22.782 |
17.211 |
|
|
|
TOTAL |
1826.701 |
1585.995 |
1173.493 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1899.468 |
1735.189 |
1131.389 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(72.767) |
(149.194) |
42.104 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(9.209) |
(41.631) |
0.019 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(63.558) |
(107.563) |
42.085 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
Nil |
Nil |
NA |
|
|
|
Others |
4.097 |
Nil |
NA |
|
|
TOTAL IMPORTS |
4.097 |
Nil
|
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(4.12) |
(10.82) |
4.23 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(3.48)
|
(6.78) |
3.59 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(4.04)
|
(9.40) |
3.59 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(8.52)
|
(19.21) |
5.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.22)
|
(0.40) |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.43
|
0.34 |
0.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.59
|
0.62 |
0.68 |
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 |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs. in Millions) |
31.03.2012 (Rs. in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand from others |
55.490 |
19.876 |
|
|
|
|
|
Total |
55.490 |
19.876 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10445477 |
15/07/2013 |
9,578,080.00 |
SREI Equipment Finance Private Limited |
'VISHWAKARMA', 86C, TOPSIA ROAD (South),
KOLKATA, West Bengal - 700046, INDIA |
B83247544 |
|
2 |
10289674 |
30/05/2011 |
15,000,000.00 |
The Thane Bharat
Sahakari Bank Limited |
Shatataraka, Baji Prabhu Deshpande
Marg,, Naupada, Thane, Maharashtra - 400602, INDIA |
B14073035 |
|
3 |
10289671 |
05/10/2012 * |
50,000,000.00 |
Thane Bharat Sahakari Bank Limited |
Rutu Park, Rutu Park Branch, Thane, Maharashtra
- 400601, INDIA |
B61073904 |
|
4 |
10289678 |
30/05/2011 |
15,000,000.00 |
The Thane Bharat
Sahakari Bank Limited |
Shatataraka, Baji Prabhu Deshpande
Marg, Naupada, Thane, Maharashtra - 400602, INDIA |
B14074751 |
|
5 |
10295872 |
30/05/2011 |
15,000,000.00 |
Thane Bharat Sahakari Bank Limited |
Shatataraka, Baji Prabhu Deshpande
Marg, Naupada, Thane
(West), Thane, Maharashtra - 400602, INDIA |
B16436651 |
|
6 |
90212918 |
30/08/1996 |
177,000.00 |
ANZ GRINDLAYS BANK LTD. |
MUMBAI, MUMBAI, Maharashtra,
INDIA |
- |
* Date of charge modification
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 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.63.30 |
|
|
1 |
Rs.101.36 |
|
Euro |
1 |
Rs.84.60 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
27 |
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.