MIRA
INFORM REPORT
|
Report Date : |
25.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
RAJALAKSHMY PACKAGING PRIVATE LIMITED |
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Registered
Office : |
R.S. No.92/7, Plot No.14 and 15, Sri Gokulam Nagar, Thavalakuppam,
Ariyankuppam Commune Panchayat, |
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Country : |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
17.11.2008 |
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Com. Reg. No.: |
59-002235 |
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Capital
Investment / Paid-up Capital : |
Rs.5.000 millions |
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CIN No.: [Company Identification
No.] |
U25202PY2008PTC002235 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CHER10117C |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Packaging Material for Food Products such as Milk,
Oil, Atta and Industrial Products. |
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No. of Employees
: |
46 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 26000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having a moderate track record. Reserves of the company appear to be low. External borrowing of the
company has increased in 2012. However, trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. 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 |
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Moderate |
B1 |
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High |
B2 |
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Very
High |
C1 |
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Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been named
the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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
|
Name : |
Mr. Arun Prasad |
|
Designation : |
General Manager |
|
Contact No.: |
91-9842370417 |
|
Date : |
24.10.2013 |
LOCATIONS
|
Registered Office : |
R.S. No.92/7, Plot No.14 and 15, Sri Gokulam Nagar, Thavalakuppam,
Ariyankuppam Commune Panchayat, Pondicherry – 605 007, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9842370417 (Mr. Arun Prasad) |
|
Fax No.: |
Not Available |
|
E-Mail : |
finance@rajalakshmypackaging.com
arun1981@rajalakshmypackaging.com
Admin Department Customer Care customercare@rajalakshmypackaging.com Marketing Department marketing@rajalakshmypackaging.com Material Department |
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Website : |
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|
Location : |
Owned |
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Admin Office/ Corporate Office/ Factory 1 : |
R.S. No.91/6, 7, Opposite Kirumampakkam Police Station, Pondy - Cuddalore Main
Road, Pillaiyarkuppam, Kirumampakkam, Pondicherry – 607 402, India |
|
Tel. No.: |
91-413-2615445/ 2615487 |
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Fax No.: |
91-413-2615445 |
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Factory 2 : |
No.45C, Thamaeaikulam Street, Thavalakuppam, Pondicherry – 605 007,
India |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mrs. Rajalakshmi Sureshbabu |
|
Designation : |
Managing Director |
|
Address : |
No.1, Tamaraikulam Street, Thavalakuppam – 605 007, Pondicherry, India |
|
Date of Birth/Age : |
25.10.1973 |
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Date of Appointment : |
17.11.2008 |
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DIN No : |
02403658 |
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|
Name : |
Ms. Hemalatha Moorthy |
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Designation : |
Director |
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Address : |
No.246, Cuddalore Road, Thavalakuppam – 605 007, Pondicherry, India |
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Date of Birth/Age : |
12.08.1988 |
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Date of Appointment : |
05.05.2009 |
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DIN No : |
02695955 |
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Name : |
Ms. Latha Ramanujam |
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Designation : |
Director |
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Address : |
No.18, Ward 2, Thatchar Street, Orathur, Villupuram – 605 601,
Tamilnadu, India |
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Date of Birth/Age : |
30.11.1982 |
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Date of Appointment : |
05.05.2009 |
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DIN No : |
02704828 |
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Name : |
Ms. Nirmala Umashankar |
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Designation : |
Director |
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Address : |
Orathur, Pondicherry, Villupuram – 605 601, Tamilnadu, India |
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Date of Birth/Age : |
28.06.1975 |
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Date of Appointment : |
05.05.2009 |
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DIN No : |
02704851 |
KEY EXECUTIVES
|
Name : |
Mr. Arun Prasad |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
No. of Shares |
|
S. Rajalakshmi |
35000 |
|
S. Uma Sankar |
5000 |
|
S. Suresh Babu |
10000 |
|
Total |
50000 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Packaging Material for Food Products such as Milk, Oil,
Atta and Industrial Products. |
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|
|
|
Products : |
Multi Layer
Products · Milk / Curd · Lamination Films · Oil Packaging Films · Salt Pouches · Jumbo Bag - Liners · Atta Packaging Mono Layer Products
· Industrial Liners · Woven Sacks Liners · Textile Covers · Treatment Rolls · Garbage Packaging · Food Grade Liners |
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Imports |
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Products : |
Raw Material |
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Countries : |
Saudi Arabia |
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Terms |
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Selling : |
Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Corporate |
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No. of Employees : |
46 (Approximately) |
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Bankers : |
·
UCO Bank, Main Branch, Opposite to Park,
Pondicherry – 605 001, India (Tel. No.: 91-413-2332345) ·
ICICI Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
M.S. Ravichandran Chartered Accountant |
|
Address : |
No.2, Anthoniar Street, Sorakalpet, Cuddalore – 607 001, Tamilnadu,
India |
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Income-tax
PAN of auditor or auditor's firm : |
ACZPR5086N |
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Sister Concern : |
·
Yesbal and Company ·
Balaji Store ·
Yesbal Packers ·
Yesbal Flat and Flots |
CAPITAL STRUCTURE
AS ON 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5.000 |
5.000 |
|
(b) Reserves & Surplus |
|
1.468 |
0.745 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
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|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
6.468 |
5.745 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
0.354 |
0.000 |
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(b) Deferred tax liabilities (Net) |
|
0.001 |
0.037 |
|
(c) Other long
term liabilities |
|
9.000 |
5.420 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
|
9.355 |
5.457 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
0.000 |
0.000 |
|
(b)
Trade payables |
|
4.249 |
6.443 |
|
(c)
Other current liabilities |
|
12.820 |
10.550 |
|
(d) Short-term
provisions |
|
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
|
17.069 |
16.993 |
|
|
|
|
|
|
TOTAL |
|
32.892 |
28.195 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
5.462 |
4.851 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
5.251 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
10.713 |
4.851 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
10.162 |
7.024 |
|
(c)
Trade receivables |
|
8.212 |
8.369 |
|
(d) Cash
and cash equivalents |
|
0.183 |
0.093 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f)
Other current assets |
|
3.622 |
7.858 |
|
Total
Current Assets |
|
22.179 |
23.344 |
|
|
|
|
|
|
TOTAL |
|
32.892 |
28.195 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.321 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
5.321 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
9.893 |
|
|
2] Unsecured Loans |
|
|
2.146 |
|
|
TOTAL BORROWING |
|
|
12.039 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.025 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
17.385 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
5.567 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
9.070 |
|
|
Sundry Debtors |
|
|
6.144 |
|
|
Cash & Bank Balances |
|
|
0.523 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.598 |
|
Total
Current Assets |
|
|
16.335 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
4.203 |
|
|
Other Current Liabilities |
|
|
0.255 |
|
|
Provisions |
|
|
0.141 |
|
Total
Current Liabilities |
|
|
4.599 |
|
|
Net Current Assets |
|
|
11.736 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.082 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
17.385 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
63.150 |
60.337 |
30.719 |
|
|
|
Other Income |
0.060 |
1.848 |
0.250 |
|
|
|
TOTAL |
63.210 |
62.185 |
30.969 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
NA |
61.545 |
30.476 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
61.545 |
30.476 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
NA |
0.640 |
0.493 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
0.216 |
0.167 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.724 |
0.424 |
0.326 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
14.47 |
8.48 |
6.52 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
80.000 |
|
|
|
|
|
The above information has been parted by Mr. Arun Prasad (General
Manager)
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.15 |
0.68
|
1.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
1.06
|
1.60 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
2.27
|
2.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
0.11
|
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.05 |
0.00
|
2.26 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.37
|
3.55 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last four years |
Yes |
|
12) Profitability for last three years |
Yes |
|
13) Reasons for variation <> 20% |
Yes |
|
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 |
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 |
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 |
INDEX OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10156594 |
09/02/2013 * |
69,500,000.00 |
UCO BANK |
MAIN BRANCH,
OPPOSITE TO PARK, PONDICHERRY, PONDICHERRY - 605001, INDIA |
B68566579 |
* Date of charge modification
Note:
The registered office of the company has been shifted from No.45C, Thamaraikulam Street, Nalavadu Road, Thavalakuppam, Pondicherry – 605 007 to the present address w.e.f. 11.03.2013.
WORKING RESULTS:
The company earned
a Profit after Tax of Rs.0.723 million during the year. Significant increase of
70% of Profit after Tax (Previous Year Profit After Tax Rs.0.424 million)
during the year makes the directors to expect and earn more profits during the
Coming Financial years also.
FIXED ASSETS:
·
Furniture and Fittings
·
Electrical and Fittings
·
Plant and Machinery
·
AC Machine
·
Computer and Accessories
·
Software
·
Office Equipments
·
Office Vehicle
WEBSITE DETAILS:
PROFILE:
Subject had its humble beginning in 2008 with the visionary BUSINESSMAN Mr. Suresh babu with a team of committed expertise in business friendly location of Puducherry, a old French colony now a union territory of republic of India. Situated about 150 kms from Chennai, Tamilmadu, a major business hub of South India. Although a new beginning they have a reputation of timely deliveries, unwavering custom service, effective partnership, unmatched quality and customer focused innovation.
They offer cost effective and value added specialty packaging solution to all their customer the secret of their success lies in the individual attention that they give to each of their customers for understanding their needs and meeting their expectation by delivering consistent value through focused innovation. They are well felicitated with state of the art infrastructure with blown film extrusion, printing, lamina ting, slitting and pouch making facilities. Their dedicated workforce has made subject one of the most proffered specialty flexible packaging partners for the Industry.
Today, they are one of the fast growing flexible packaging companies in India primarily catering to the local market and also exporting to countries like western developed markets.
They are driven by the customer service. They believe in being close to all their customers and prospects. And their customer will tell about them as they are growing, they have their work force working in all major cities of India and a export being handled by their corporate office at Puducherry.
They strive to listen to their customers’ voice intently and provide customized solutions for their flexible packaging needs.
They cherish their business partnership with their satisfied customers which include all the major milk making companies and water making companies.
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.61.41 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.84.82 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
29 |
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.