MIRA
INFORM REPORT
|
Report Date : |
14.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAJ BARCODE SYSTEMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
306, Shreyas Complex, B/H. Income Tax Office, Near Dinesh Hall,
Ahmedabad
– 380009, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
14.03.2008 |
|
|
|
|
Com. Reg. No.: |
04-053257 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.103
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21093GJ2008PTC053257 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMR05156E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR9170J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealing of Barcode Labels, Barcode Printers, Accessories and
Consumables. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. Trade relations are fair. Business is active. Payment terms are
reported to be 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.
INDIAN ECONOMIC OVERVIEW
N E W S
As per the latest IMF study, the total weigh of emerging markets in the
GDP of the world on a purchasing power parity basis has seen a sizeable shift. It
highlights how as against 51 % in 2005, the emerging economies now account for
close to 56 % of the global purchasing power GDP as per the latest survey. And
with the emerging economies growing at a faster rate than their developed
counterparts, there are every possibility that the their share goes up further
in the coming years. China may surpass the US over the next few years.
Politics and economics are very intricately connected. They tend to
influence each other in ways that could be very complex and far-reaching. The
prospects of the India’s economy have been seriously compromised due to
political corruption. High inflation, poor standard of living are to a great
extent a result of rampant corruption in the country. China on the other hand,
seems to be facing diametrically opposite challenge. American hedge fund
manager Jim Chanos has been keenly following the political and economic
development in the dragon economy and has figured out something that is quite
worrying. He is of the view that the Chinese economy could be heading toward
trouble on account of new Chinese President Xi Jingping’s very aggressive
anti-corruption drive. Chanos believes tat many things such as apartment sales,
luxury products, etc. were largely bought with dirty money. And it is now
beginning to impact consumption. This may indeed be bad news for an economy
that is struggling to transition from an investment-driven export-oriented
economy to a domestic consumption-driven economy.
A study published by Firstpost has revealed that asset classes like real
estate and equities were the biggest beneficiaries of the liberalization
policies. A firm called Ciane Analytics studied returns from assets
including equities, gold, fixed deposits, G-Secs and real estate since 1991.
Real estate outperformed every other asset classes during the 23-year period
with an annualized return of 20 % ! Equities came in second with annualized
return of 15.5 % ! However, while these returns may seem mouthwatering, the
fact is that the return from equities adjusted for inflation came down to just
7.1 %.
Some brief news are as under
. R-Power to buy Jaypee’s hydro assets
. Investors await justice in NSEL case
. India seeks MFN status from Pakistan ahead of meeting
. Ukrain’s clashes with rebels hinder MH17 crash investigation
. India exploring merger of state-owned hydro PSUs
..Higher costs weigh down profit growth to slowest in 9 quarters
..Wal-Mart to expand wholesale business in India
. GMR group moves to strengthen balance sheet
. Central Bank to sell 4 % stake to Life Insurance Corporation
. Tata Chemicals plans to raise up to Rs 10000 mn.
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
31-03-2014.
INFORMATION DECLINED BY
|
Name : |
Mr. Bharat Mathia |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-79-26581261 |
|
Date : |
12.08.2014 |
LOCATIONS
|
Registered/ Head Office : |
306, Shreyas Complex, B/H. Income Tax Office, Near Dinesh Hall,
Ahmedabad
– 380009, Gujarat, India |
|
Tel. No.: |
91-79-26581261/ 26585896/ 30021262 |
|
Fax No.: |
91-79-26581261/ 26585896/ 30021262 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branch Offices : |
Located at: · Rajkot Surat Vapi |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Jayesh Girdharlal Vora |
|
Designation : |
Director |
|
Address : |
60, Prernatirth Socy, Part-1, Near Prernatirth Temple, Jodhpur,
Satellite Ahmedabad - 380015, Gujarat, India
|
|
Date of Birth/Age : |
15.09.1956 |
|
Date of Appointment : |
17.04.2008 |
|
DIN No.: |
02140529 |
|
|
|
|
Name : |
Mr. Hitesh Chamanlal Vora |
|
Designation : |
Director |
|
Address : |
6, Sonakashi Flats, Nav Path Society, Paldi, Ahmedabad - 380007,
Gujarat, India |
|
Date of Birth/Age : |
02.03.1969 |
|
Date of Appointment : |
14.03.2008 |
|
DIN No.: |
02068113 |
|
|
|
|
Name : |
Mr. Dilip Chimanlal Vora |
|
Designation : |
Director |
|
Address : |
6, Sonakashi Flats, Nav Path Society, Paldi, Ahmedabad - 380007,
Gujarat, India |
|
Date of Birth/Age : |
06.02.1965 |
|
Date of Appointment : |
14.03.2008 |
|
DIN No.: |
00195161 |
KEY EXECUTIVES
|
Name : |
Mr. Bharat Mathia |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Jayesh Girdharlal Vora |
|
19033 |
|
Dilip Chimanlal Vora |
|
18933 |
|
Hitesh Chamanlal Vora |
|
18934 |
|
Girish Shantilal Thakkar HUF |
|
5200 |
|
Raj Integrated Solution Private Limited, India |
|
41600 |
|
Vinesh Girish Thakkar |
|
5000 |
|
Thakorlal Natvarlal Chinai |
|
1 |
|
Sarojben Thakorlal Chinai |
|
1 |
|
Ashit Thakorlal Chinai |
|
767 |
|
Jaqueline Ashit Chinai |
|
783 |
|
|
|
|
|
Total |
|
110252 |
AS ON 30.09.2013
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
37.73 |
|
Directors
or relatives of directors |
62.27 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealing of Barcode Labels, Barcode Printers, Accessories and
Consumables. |
GENERAL INFORMATION
|
Suppliers : |
· Basawa Technologies Limited Bhalani Printing Press Deep Computrade Gita Enterprises Ingram Micro India Limited Krishna Creation |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited ICICI Bank Limited Indian Overseas Bank |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Gaurang Vora and Associates Chartered Accountants |
|
Address : |
701, Swagat Complex, Opposite Pariseema, C. G. Road, Ahmedabad –
380006, Gujarat, India |
|
Tel. No.: |
91-79-26460963 |
|
Income-tax
PAN of auditor or auditor's firm : |
ABJPV8347B |
|
|
|
|
Associates : |
· Rajeshwari Enterprise Rajeshwari Lable Mfg Company |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000 |
Equity Shares |
Rs. 10/- each |
Rs. 3.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
110252 |
Equity Shares |
Rs. 10/- each |
Rs. 1.103
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 |
1.103 |
1.103 |
1.103 |
|
(b) Reserves & Surplus |
16.138 |
13.404 |
11.087 |
|
(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) |
17.241 |
14.507 |
12.190 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.517 |
8.832 |
7.156 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
10.517 |
8.832 |
7.156 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2.757 |
2.634 |
0.000 |
|
(b)
Trade payables |
9.140 |
4.790 |
5.064 |
|
(c)
Other current liabilities |
5.191 |
2.513 |
0.000 |
|
(d) Short-term
provisions |
1.774 |
1.511 |
3.223 |
|
Total Current
Liabilities (4) |
18.862 |
11.448 |
8.287 |
|
|
|
|
|
|
TOTAL |
46.620 |
34.787 |
27.633 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
5.036 |
3.651 |
2.037 |
|
(ii)
Intangible Assets |
0.019 |
0.022 |
0.026 |
|
(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 |
0.292 |
0.027 |
0.022 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
5.347 |
3.700 |
2.085 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
9.125 |
7.265 |
4.252 |
|
(c)
Trade receivables |
22.170 |
16.534 |
14.558 |
|
(d) Cash
and cash equivalents |
6.677 |
4.375 |
3.568 |
|
(e) Short-term
loans and advances |
3.265 |
2.736 |
2.274 |
|
(f)
Other current assets |
0.036 |
0.177 |
0.896 |
|
Total
Current Assets |
41.273 |
31.087 |
25.548 |
|
|
|
|
|
|
TOTAL |
46.620 |
34.787 |
27.633 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
110.208 |
89.751 |
67.744 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
106.454 |
86.357 |
59.180 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.754 |
3.394 |
8.564 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.020 |
1.077 |
2.654 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.734 |
2.317 |
5.910 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
24.80 |
21.02 |
53.61 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.48 |
2.58 |
8.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.10 |
9.76 |
31.02 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.23 |
0.70 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.77 |
0.79 |
0.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.19 |
2.72 |
3.08 |
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 |
1.103 |
1.103 |
1.103 |
|
Reserves & Surplus |
11.087 |
13.404 |
16.138 |
|
Net
worth |
12.190 |
14.507 |
17.241 |
|
|
|
|
|
|
long-term borrowings |
7.156 |
8.832 |
10.517 |
|
Short term borrowings |
0.000 |
2.634 |
2.757 |
|
Total
borrowings |
7.156 |
11.466 |
13.274 |
|
Debt/Equity ratio |
0.587 |
0.790 |
0.770 |
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) |
|
Total Income |
67.744 |
89.751 |
110.208 |
|
|
|
32.486 |
22.793 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
67.744 |
89.751 |
110.208 |
|
Profit |
5.910 |
2.317 |
2.734 |
|
|
8.72% |
2.58% |
2.48% |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
CURRENT MATURITIES
OF LONG TERM DEBT: NOT AVAILABLE
INDEX OF CHARGES: NO
CHARGES EXIST FOR COMPANY
UNSECURED LOANS
|
UNSECURED LOANS |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Inter Corporate
Loans: Raj Integrated Solution Private Limited |
2.802 |
1.802 |
|
Enrich Industries Limited |
0.800 |
0.800 |
|
From Shareholders,
Friends and Relative of the Directors: Ashit Chinai |
0.153 |
0.153 |
|
Bhavin Ashwinkumar Vyas |
0.600 |
0.000 |
|
Camp Publication |
0.060 |
0.060 |
|
Guarang G Vora HUF |
0.110 |
0.111 |
|
Guarang Vora and Associates |
0.071 |
0.071 |
|
George Endrews |
0.100 |
0.100 |
|
Jayesh G Vora HUF |
0.042 |
0.042 |
|
Jacqualine Chinai |
1.394 |
1.394 |
|
Hama Mir |
0.050 |
0.050 |
|
Raj Barcode Systems [Loan A/c] |
2.350 |
2.350 |
|
Rajeshwari Traders Loan A/c |
0.250 |
0.250 |
|
Silvi Finance [Kalpanaben Vora] |
0.171 |
0.171 |
|
Sweta G Vora |
0.050 |
0.050 |
|
Saroj Chinai |
0.115 |
0.115 |
|
Thakorlal Chinai |
0.115 |
0.115 |
|
|
|
|
|
Total |
9.233 |
7.634 |
REVIEW OF OPERATIONS
During the Sixth year after the incorporation the company has performed
very well. A sale as well as profit of the company has increased. Of course
profit in terms of percentage has not increased to the satisfactory level due
to tuff competition in the market. Though experience and rapport of the
Director of the Company, with the market has proved most beneficial to the
Company.
CURRENT YEAR
During the year the Company is doing better than previous year on sales
front. Again profit is under pressure. In the opinion of the market experts
markets has become matured. Profit in terms of percentage may further decrease.
But increase in sales volume to large extent aggregate profit may be
satisfactory.
FIXED ASSETS:
· Air Conditioner
Computer
Printer
Fax
Furniture
Vehicles
Office
Equipment
Television
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. 61.25 |
|
|
1 |
Rs. 103.02 |
|
Euro |
1 |
Rs. 81.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
|
DEFAULTERS |
|
|
|
--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.