MIRA INFORM REPORT
|
Report Date : |
12.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
USHANTI COLOUR CHEM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
88/8, Phase – 1, GIDC, Vatva, Ahmedabad – 382445, Gujarat |
|
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Country : |
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|
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Financials (as
on) : |
31.03.2013 |
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|
|
|
Date of
Incorporation : |
12.05.1993 |
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|
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Com. Reg. No.: |
04-019444 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.4.987 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24231GJ1993PTC019444 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMU00322A |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer of dyes. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 100000 |
|
|
|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Trade relations are reported to be fair. Business is active. Payments
are reported to be usually correct and as per commitments. The company can be considered for normal dealing 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 – December 1, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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
India’s current account deficit for the fiscal third quarter ended
September 2013 narrowed to $4.2 billion or 0.9 % of the gross domestic product
from $31.9 billion or 6.5 % of GDP a year earlier, thanks to a pick-up in
exports and moderation in gold imports. Manufacturing activity and new orders
in India showed their strongest growth in a year in February. The news comes as
a relief after data showed Asia’s third largest economy grew by a
slower-than-expected 4.7 % annually in the three months through December. The
HSBC Manufacturing Purchasing Managers’ Index which gauges the business
activity of India’s factories but not its’ utilities, rose to 52.5 in February,
its highest in a year from 51.4 in January. Overall new orders for factory
goods which rose to a one-year high of 54.9 contributed to the surge. China has
emerged as India’s biggest trading partner in the current financial year
replacing the United Arab Emirates and pushing it to the third spot.
India-China trade has reached $49.5 billion with a 8.7 % share in India’s total
trade. The US comes second at $46 billion with 8.1 % share during the first
nine months of the current financial year.
The Reserve Bank of India has granted an additional nine months to the
public to exchange currency notes printed before 2005 including Rs 500 and Rs
1,000 denominations, pushing the deadline to January 1, 2015. A day before
dates for the Lok Sabha polls were announced, the government decided to hike
interest rates on fixed deposit schemes offered by post offices up to 0.2 per
cent. The new rates will be effective April, 1. The Supreme Court will resume
hearing on March, 11 Nokia’s appeal against a ruling over transferring
ownership of its local mobile phones plant which is the subject of a tax
dispute to Microsoft Corp.
In the last days of the current Government, another scam has surfaced.
The defence ministry has ordered a probe into Hindustan Aeronautics Limited’s
contracts from Britain’s Rolls-Royce Holdings worth at least $ 1.2 billion. The
Central Bureau of Investigation will look into allegations that over $80
million was paid in kickbacks in a deal signed in 2011. India has asked Boeing
Co. to find a solution for problems with state-owned Air India’s 787
Dreamliners. The aircraft has experienced a series of malfunctions since its
debut in 2011.
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 (PARTIAL DETAILS)
|
Name : |
Mr. Pradeep and Mr. Maunal |
|
Designation : |
Account Manager and Director |
|
Contact No.: |
91-79-25894903 |
|
Date : |
09.04.2014 |
LOCATIONS
|
Registered Office : |
88/8, Phase – 1, GIDC, Vatva, Ahmedabad – 382445, Gujarat, India |
|
Tel. No.: |
91-79-25894903 |
|
Fax No.: |
91-79-25830128 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
3000 sq. ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Shantilal Maunal Gandhi |
|
Designation : |
Director |
|
Address : |
B No.17, Someshwar Complex-II, Near Bidiwalal Park Satellite Road,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
21.02.1970 |
|
Date of Appointment : |
15.12.1993 |
|
DIN No.: |
00118559 |
|
|
|
|
Name : |
Mr. Minku Shantilal Gandhi |
|
Designation : |
Director |
|
Address : |
B No.17, Someshwar Complex-II, Near Bidiwalal Park Satellite Road,
Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
21.02.1970 |
|
Date of Appointment : |
12.05.1993 |
|
DIN No.: |
00118617 |
KEY EXECUTIVES
|
Name : |
Mr. Pradeep and Mr. Maunal |
|
Designation : |
Account Manager and Director |
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
No. of Shares |
|
Shantilal Gandhi |
142853 |
|
Minku S. Gandhi |
120125 |
|
Maunal S. Gandhi |
120558 |
|
Ushaben S. Gandhi |
12625 |
|
Asha Pradeepbhai Shah |
2562 |
|
Mona Maunal Gandhi |
43750 |
|
Shefali Minku Gandhi |
43750 |
|
Minku S. Gandhi HUF |
2 |
|
Maunal S. Gandhi HUF |
3 |
|
Jigishaben Shah |
2 |
|
Ganeshyamlal Gandhi |
1250 |
|
Lajja Gandhi |
3 |
|
Pooja and Purvi Shah |
2 |
|
Ushanti Dyes and Intermediates |
3 |
|
Vinodrai C. Modi HUF |
2 |
|
Vinodbhai C. Modi |
3 |
|
Vinaben V. Modi |
2 |
|
Harsha N. Ishitbhai Mehta |
3 |
|
Dilipbhai Bhanubhai Desai |
2 |
|
Anchi Devi Mahendrakumarji |
500 |
|
Mahendra Kumar Pukharaji |
700 |
|
Total |
488700 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of dyes. |
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Exports : |
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Products : |
Dyes |
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Countries : |
Pakistan |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
·
Kalupur Commercial Co-operative Bank Limited,
Income Tax, Ashram Road, Ahmedabad – 380014, Gujarat, India ·
Kalupur Commercial Co-operative Bank Limited, 415
Chokha Bazer Kalupur, Ahmedabad – 380002, Gujarat, India |
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Facilities : |
NOTES: Long Term Borrowings: Term Loans from Banks : ·
Vehicle loan [closing balance Rs. Nil/- (P. Y.
Rs.0.152 Millions)]-carries interest @ 8.76% p.a. The loan was repayable in
monthly installments of Rs.0.016 Millions each along with interest, from the
date of Balance Sheet. The loan was secured by hypothecation of the vehicle
purchase there against. ·
Vehicle loan [closing balance Rs.0.647 Millions
(P. Y. Rs.0.215 Millions)]-carries interest @ 9.54% p.a. The loan is
repayable in 5 monthly installments of Rs.0.015 Millions each along with
interest, from the date of Balance Sheet. The loan is secured by hypothecation
of the vehicle purchased there against. ·
Machinery term loan [closing balance Rs.10.565
Millions (P. Y. Rs.18.467 Millions)]-carries interest @ 13% p.a. The loan is
repayable in 21 monthly installments of Rs.0.500 Millions each excluding
interest, from the date of Balance Sheet. The loan is
secured by way of : (i)
First hypothecation charge on plant and
equipments of the Company as primary security. (ii)
Equitable mortgage of Land and Building of the
Company as collateral security. (iii)
Equitable mortgage of Land and Building of a
promoter of the Company as collateral security. (iv)
Personal guarantee of Directors and Promoter of
the company and Third parties. Term Loans from
Others : Vehicle loan
[closing balance Rs.0.085 Million (P. Y. Rs.0.294 Millions)]-carries interest
@ 10.75% p.a. The loan is repayable in 5 monthly installments of Rs.0.019
Million each along with interest, from the date of Balance Sheet. The loan is
secured by hypothecation of the vehicle purchased there against. Short Term Borrowings: From
banks: ·
Cash credit facility is secured against trade
receivables of the Company. Further, it has been personally guaranteed by
Directors and Promoter of the company and Third parties. It carries interest
@ 13% p.a. ·
Working capital facility is primarily secured
against inventories, trade (export) recoverable and collateral security of
plant and equipments and factory shed of the Company. Further, it has been
personally guaranteed by Directors and Promoter of the company and Third parties.
It is repayable on demand and carries interest @ 9% p.a. |
|
Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
C R Sharedalal Andco Chartered Accountants |
|
Address : |
101-102 Parisharm , Mithakhalli Six Roads, Ahmedabad – 380009, Gujarat,
India |
|
PAN No.: |
ACHPP0106F |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
600000 |
Equity Shares |
Rs.10/- each |
Rs.6.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
488700 |
Equity Shares |
Rs.10/- each |
Rs.4.887 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 |
4.987 |
4.987 |
4.875 |
|
(b) Reserves & Surplus |
22.188 |
16.999 |
9.589 |
|
(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) |
27.175 |
21.986 |
14.464 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.565 |
12.618 |
12.949 |
|
(b) Deferred tax liabilities (Net) |
2.240 |
2.223 |
1.755 |
|
(c) Other long term
liabilities |
0.000 |
0.600 |
0.598 |
|
(d) long-term
provisions |
0.000 |
0.000 |
1.073 |
|
Total Non-current Liabilities
(3) |
6.805 |
15.441 |
16.375 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
35.712 |
41.845 |
27.823 |
|
(b) Trade
payables |
51.208 |
38.529 |
37.716 |
|
(c) Other
current liabilities |
10.068 |
10.058 |
11.433 |
|
(d) Short-term
provisions |
1.251 |
0.423 |
0.231 |
|
Total Current
Liabilities (4) |
98.239 |
90.855 |
77.203 |
|
|
|
|
|
|
TOTAL |
132.219 |
128.282 |
108.042 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
43.331 |
44.419 |
42.846 |
|
(ii)
Intangible Assets |
2.514 |
2.891 |
3.267 |
|
(iii)
Capital work-in-progress |
0.409 |
0.409 |
2.512 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.338 |
1.338 |
1.338 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
8.596 |
9.391 |
9.620 |
|
(e) Other
Non-current assets |
0.165 |
0.469 |
0.773 |
|
Total Non-Current
Assets |
56.353 |
58.917 |
60.356 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
20.407 |
21.853 |
14.792 |
|
(c) Trade
receivables |
37.357 |
38.168 |
23.102 |
|
(d) Cash and
cash equivalents |
1.973 |
1.238 |
1.386 |
|
(e)
Short-term loans and advances |
14.238 |
6.616 |
7.888 |
|
(f) Other
current assets |
1.891 |
1.490 |
0.518 |
|
Total
Current Assets |
75.866 |
69.365 |
47.686 |
|
|
|
|
|
|
TOTAL |
132.219 |
128.282 |
108.042 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
234.693 |
143.110 |
147.358 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
14.478 |
9.726 |
11.812 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
6.884 |
6.770 |
4.765 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX |
7.594 |
2.956 |
7.047 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.400 |
0.566 |
1.430 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX |
5.194 |
2.390 |
5.617 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
123.700 |
72.508 |
64.505 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.62 |
3.94 |
9.14 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PBT/Sales) |
(%) |
3.24 |
2.07 |
4.78 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.82 |
2.34 |
6.76 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.13 |
0.49 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.48 |
2.48 |
2.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.77 |
0.76 |
0.62 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
4.875 |
4.987 |
4.987 |
|
Reserves & Surplus |
9.589 |
16.999 |
22.188 |
|
Net
worth |
14.464 |
21.986 |
27.175 |
|
|
|
|
|
|
long-term borrowings |
12.949 |
12.618 |
4.565 |
|
Short term borrowings |
27.823 |
41.845 |
35.712 |
|
Total
borrowings |
40.772 |
54.463 |
40.277 |
|
Debt/Equity
ratio |
2.819 |
2.477 |
1.482 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
147.358 |
143.110 |
234.693 |
|
|
|
(2.883) |
63.995 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
147.358 |
143.110 |
234.693 |
|
Profit |
5.617 |
2.390 |
5.194 |
|
|
3.81% |
1.67% |
2.21% |
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 |
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 |
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:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
Short Term Borrowings |
|
|
|
Loans from
related parties |
3.722 |
2.897 |
|
Loans from Others |
1.357 |
1.591 |
|
|
|
|
|
Total |
5.079 |
4.488 |
NOTES:
Short Term Borrowings:
Loans repayable on demands from Related Parties and Others:
Unsecured loans from related parties and others are repayable on demand
and carries interest @ 9% to 12% p.a.
FIXED ASSETS:
·
Factory Land
·
Factory Building
·
Plant and Equipments
·
Pollution Control Plant
·
Furniture and Fixtures
·
Vehicles
·
Office Equipments
·
Electric Fittings
·
Computer
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.60.27 |
|
|
1 |
Rs.101.10 |
|
Euro |
1 |
Rs.83.74 |
INFORMATION DETAILS
|
Information
Gathered by : |
RAS |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.