MIRA INFORM REPORT
|
Report Date : |
15.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
KUSHAL TRADELINK LIMITED (w.e.f. 01.03.2013) |
|
|
|
|
Formerly Known
As : |
KUSHAL TRADELINK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 43, B/S Navneet Prakashan Press, Behind Govt 'G' Colony,
Sukhramnagar, Gomtipur, Ahmedabad – 380023, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.03.2000 |
|
|
|
|
Com. Reg. No.: |
04-037472 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.157.987 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909GJ2000PLC037472 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Paper (Kraft Paper and Duplex Paper) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 851000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Sales turnover and profit of the company appears to be fair. General financial
position of the company seems to be sound and healthy. Trade relations are reported to be fair. Business is active. Payment
terms are usually correct. The company can be considered 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.
ECGC Country Risk Classification List – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
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 India from 1st November.
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.
INFORMATION DENIED BY
|
Name : |
Ms. Khushboo |
|
Designation : |
Company Secretary |
|
Contact No.: |
91-79-22772991 |
|
Date : |
14.11.2013 |
LOCATIONS
|
Registered Office : |
Plot No. 43, B/S Navneet Prakashan Press, Behind Govt 'G' Colony,
Sukhramnagar, Gomtipur, Ahmedabad – 380023, Gujarat, India |
|
Tel. No.: |
91-79-22772991 |
|
Fax No.: |
91-79-22782670 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Gujarat, India |
DIRECTORS
As on: 27.08.2013
|
Name : |
Mr. Sandeep Tulsiram Agrawal |
|
Designation : |
Managing Director |
|
Address : |
36, Royal Enclave, Near Asopalav Bunglows, Thaltej, Ahmedabad – 380059, Gujarat, India |
|
Date of Birth/Age : |
13.03.1967 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.02.2013 |
|
PAN No.: |
ABBPA8827F |
|
DIN No.: |
00239648 |
|
|
|
|
Name : |
Mr. Mahendra Tulsiram Agrawal |
|
Designation : |
Whole-Time Director |
|
Address : |
5, Royal Crescent, Near Asopalav Bunglows, Thaltej, Ahmedabad –
380059, Gujarat, India |
|
Date of Birth/Age : |
10.08.1968 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
01.02.2013 |
|
PAN No.: |
ABLPA0011D |
|
DIN No.: |
00225551 |
|
|
|
|
Name : |
Mr. Arpan Maheshkumar Shah |
|
Designation : |
Director |
|
Address : |
26, Maniratnam Bunglows-I, Opposite Ratnam Flat, Near P and T Colony,
Vasna, Ahmedabad – 380007, Gujarat, India
|
|
Date of Birth/Age : |
22.08.1981 |
|
Qualification : |
CA |
|
Date of Appointment : |
15.01.2013 |
|
DIN No.: |
06458101 |
|
|
|
|
Name : |
Ms. Kavita Rameshkumar Jain |
|
Designation : |
Director |
|
Address : |
Kavita Sadan, C/O Kavita Metal, Sathe Nagar, Road No 22, Wagle Estate,
Thane West, Thane – 400604, Maharashtra, India |
|
Date of Birth/Age : |
15.05.1983 |
|
Qualification : |
MBA |
|
Date of Appointment : |
15.01.2013 |
|
DIN No.: |
05295442 |
|
|
|
|
Name : |
Mr. Dharmendra Dineshchandra Bhuchhada |
|
Designation : |
Director |
|
Address : |
9, Rajdeep Park Part-2 Duplex, NH No 8, Odhav Road, Ahmedabad –
382415, Gujarat, India |
|
Date of Birth/Age : |
01.06.1973 |
|
Qualification : |
LLB |
|
Date of Appointment : |
15.01.2013 |
|
DIN No.: |
06468613 |
|
|
|
|
Name : |
Mr. Sagar Rajesh Sharma |
|
Designation : |
Director |
|
Address : |
A/16. Stadium Villa, Motera Road, Sabarmati, Ahmedabad – 380005, Gujarat, India |
|
Date of Birth/Age : |
18.12.1985 |
|
Qualification : |
CS, LLB |
|
Date of Appointment : |
15.01.2013 |
|
DIN No.: |
06473984 |
KEY EXECUTIVES
|
Name : |
Ms. Khushboo |
|
Designation : |
Company Secretary |
|
Address : |
A-1001, Karyashiromani Tower, Opposite Chandralok Tower, Shahibaug,
Ahmedabad – 380004, Gujarat, India |
|
Date of Appointment : |
25.04.2010 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.08.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sandeep T. Agrawal |
|
1352340 |
|
Manoj T. Agrawal |
|
2054160 |
|
Mahendra T. Agrawal |
|
2270160 |
|
Sangita M. Agrawal |
|
855360 |
|
Namrata S. Agrawal |
|
4622465 |
|
Sudha M. Agrawal |
|
154 |
|
Pushpadevi T. Agrawal |
|
2160022 |
|
Tulsiram C. Agrawal |
|
2484000 |
|
|
|
|
|
Total |
|
15798661 |
As on: 29.08.2013
ALLOTEES DETAILS FILE
ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 27.08.2013
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Paper (Kraft Paper and Duplex Paper) |
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||||
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Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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|||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
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Banking Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P. Doshi and Associates Chartered Accountants |
|
Address : |
306,Rajkamal, Plaza-A, 3/B,Sattar, Taluka Society Opposite Old High Court , Ahmedabad – 380014, Gujarat, India |
|
PAN No.: |
AATPD0977G |
|
|
|
|
Associates/Subsidiaries : |
Ashapura Paper Mills Private Limited U21020GJ2010PTC061144 |
CAPITAL STRUCTURE
After: 27.08.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
23726661 |
Equity Shares |
Rs.10/- each |
Rs.237.267 Millions |
|
|
|
|
|
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs.250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15798661 |
Equity Shares |
Rs.10/- each |
Rs.157.987 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.12.2012 |
31.12.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
157.987 |
157.986 |
87.770 |
|
(b) Reserves & Surplus |
54.988 |
14.131 |
70.411 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total Shareholders’ Funds (1) + (2) |
212.975 |
172.117 |
158.181 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
77.500 |
63.306 |
2.262 |
|
(b) Deferred tax liabilities (Net) |
1.746 |
1.672 |
1.619 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
79.246 |
64.978 |
3.881 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
418.940 |
359.192 |
319.291 |
|
(b) Trade payables |
165.799 |
72.693 |
73.042 |
|
(c) Other current
liabilities |
5.251 |
17.510 |
6.451 |
|
(d) Short-term
provisions |
20.000 |
7.100 |
4.248 |
|
Total Current
Liabilities (4) |
609.990 |
456.495 |
403.032 |
|
|
|
|
|
|
TOTAL |
902.211 |
693.590 |
565.094 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
34.146 |
29.931 |
31.204 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.513 |
1.513 |
1.513 |
|
(c) Deferred tax
assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
15.739 |
44.392 |
16.291 |
|
(e) Other
Non-current assets |
3.975 |
2.128 |
2.128 |
|
Total Non-Current
Assets |
55.373 |
77.964 |
51.136 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
76.446 |
95.838 |
79.399 |
|
(c) Trade receivables |
698.780 |
477.347 |
390.151 |
|
(d) Cash and cash
equivalents |
7.274 |
2.981 |
4.643 |
|
(e) Short-term loans
and advances |
64.338 |
39.460 |
39.765 |
|
(f) Other current
assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
846.838 |
615.626 |
513.958 |
|
|
|
|
|
|
TOTAL |
902.211 |
693.590 |
565.094 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.12.2012 |
31.12.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2461.400 |
1852.595 |
1125.128 |
|
|
|
Other Income |
(0.321) |
4.647 |
NA |
|
|
|
TOTAL (A) |
2461.079 |
1857.242 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
2278.964 |
|
|
|
|
|
Changes in inventories of finished goods, work-in-progress and stock-in-trade |
19.393 |
(16.439) |
|
|
|
|
Employee benefit expense |
9.291 |
6.652 |
|
|
|
|
Other expenses |
27.457 |
19.661 |
|
|
|
|
TOTAL (B) |
2335.105 |
1783.267 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
125.974 |
73.975 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
62.836 |
50.807 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
63.138 |
23.168 |
15.874 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
2.394 |
2.076 |
1.999 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
60.744 |
21.092 |
13.875 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
19.888 |
7.153 |
4.397 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
40.856 |
13.939 |
9.478 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.59 |
0.88 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.12.2012 |
31.12.2011 |
|
PAT / Total Income |
(%) |
1.67 |
0.76 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.47 |
1.13 |
1.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.75 |
3.05 |
2.46 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.12 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.34 |
2.46 |
2.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.35 |
1.28 |
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 |
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 |
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 |
Note:
The Registered Office of the company has been shifted from 4/A/1 Jay
Amba Estatesukhram Nagar, Behind Government G
Colony, Gomtipur, Ahmedabad,
Gujarat, India to the present address w.e.f. 01.12.2007
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
As on 31.03.2013 |
As on 31.03.2012 |
|
Long term
borrowings |
|
|
|
Loans and advance from others |
77.500 |
52.500 |
|
Loans and advance from directors |
0.000 |
10.806 |
|
|
|
|
|
Total |
77.500 |
63.306 |
PERFORMANCE REVIEW
The year remained a year of achievement for the company. The company was able to meet its targeted sales in domestic market. The fact of company’s progress can be seen from the following data.
The Turnover raised to Rs. 2440.300 Millions as against Rs. 1851.100 Millions of earlier year i.e a growth of 34.8% as compared to the earlier year. The company booked Profit after Tax of Rs. 40.856 Millions which was also very good as compared to Rs. 13.938 Millions of earlier year i.e a rise of 34.11% as compared to earlier year. Overall the performance of the company was better compared to the industry average during the year.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10441924 |
12/08/2013 |
210,000,000.00 |
ICICI BANK LIMITED |
9TH FLOOR, JMC HOUSE, OPP. PARIMAL GARDEN, AMBAWADI, AHMEDABAD, GUJARAT - 380006, INDIA |
B81632762 |
|
2 |
10441816 |
18/07/2013 |
200,000,000.00 |
ICICI BANK LIMITED |
9TH FLOOR, JMC HOUSE, OPP. PARIMAL GARDEN, AMBAWADI, AHMEDABAD, GUJARAT - 380006, INDIA |
B81399511 |
|
3 |
90105468 |
12/08/2013 * |
570,000,000.00 |
Standard Chartered Bank |
GROUND FLOOR, ABHIJEET II, MITHAKALI SIX ROADS, AHMEDABAD, GUJARAT - 380006, INDIA |
B83427955 |
* Date of charge modification
FIXED ASSETS
- Land and Buildings
- Office building
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment
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.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
VRN/ DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
45 |
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.