MIRA INFORM REPORT
|
Report Date : |
17.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPER DELUXE PAPER MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 322/5, 40 Sheds, G I D C, Bulsar, Vapi – 396195, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.03.1989 |
|
|
|
|
Com. Reg. No.: |
04-011961 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.400 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21019GJ1989PTC011961 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS04241G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJFS8625E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Kraft Paper. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (30) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Rating reflects moderate financial risk profile due to low
profitability. However, trade relations are fair. Business is active. Payment terms
are 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.
EXTERNAL AGENCY RATING
NOT AVAILABLE
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 PARTED BY
|
Name : |
Mr. Divesh Sutaria |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-260-2431446 |
|
Date : |
16.12.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. 322/5, 40 Sheds, G I D C, Bulsar, Vapi – 396195, |
|
Tel. No.: |
91-260-2431446/ 2400547/ 3290803 |
|
Fax No.: |
91-260-2424875 |
|
E-Mail : |
|
|
Area : |
11407 Sq. Mt. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Meghesh Raghavji Chheda |
|
Designation : |
Director |
|
Address : |
5/2, Rupal Apartment, |
|
Date of Birth/Age : |
20.07.1947 |
|
Date of Appointment : |
26.02.1992 |
|
DIN No.: |
00907491 |
|
|
|
|
Name : |
Mr. Shantilal Raghavji Chheda |
|
Designation : |
Director |
|
Address : |
Bunglow No. 1, Plot No. H-485, Subhlaxmi Co-operative Soceity, |
|
Date of Birth/Age : |
05.02.1954 |
|
Date of Appointment : |
26.02.1992 |
|
DIN No.: |
02034789 |
|
|
|
|
Name : |
Mrs. Ramila Meghesh Chheda |
|
Designation : |
Director |
|
Address : |
5/2, Rupal Apartment, |
|
Date of Birth/Age : |
09.01.1954 |
|
Date of Appointment : |
29.05.1989 |
|
DIN No.: |
00907567 |
|
|
|
|
Name : |
Mr. Hiten Kantilal Shah |
|
Designation : |
Director |
|
Address : |
8/36, Megh Chhaya, Lalbaug, Mumbai, |
|
Date of Birth/Age : |
11.07.1964 |
|
Date of Appointment : |
03.03.1989 |
|
DIN No.: |
00918453 |
|
|
|
|
Name : |
Mr. Kalpesh Navinchandra Vira |
|
Designation : |
Director |
|
Address : |
15, Chitrakoot, 18/9, |
|
Date of Birth/Age : |
16.11.1970 |
|
Date of Appointment : |
29.05.1989 |
|
DIN No.: |
02034802 |
|
|
|
|
Name : |
Mr. Samir Navinchandra Vira |
|
Designation : |
Director |
|
Address : |
15, Chitrakoot, 18/9, |
|
Date of Birth/Age : |
26.08.1972 |
|
Date of Appointment : |
26.02.1992 |
|
DIN No.: |
02058663 |
|
|
|
|
Name : |
Mr. Kantilal Rayshi Shah |
|
Designation : |
Director |
|
Address : |
8/36, Megh Chhaya, Lalbaug, Mumbai, |
|
Date of Birth/Age : |
11.07.1942 |
|
Date of Appointment : |
26.02.1992 |
|
DIN No.: |
02240060 |
KEY EXECUTIVES
|
Name : |
Mr. Divesh Sutaria |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Kraft Paper. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
-- |
|
Countries : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
·
· Gulf Countries |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Depend and Advance Payment |
|
|
|
|
Purchasing : |
Cash, Depend and Advance Payment |
PRODUCTION STATUS (AS ON 31.03.2014)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
|
M.G. Kraft Paper |
M.T. |
36000 p.a. |
25000 p.a. |
21467 p.a. |
|
|
|
|
|
|
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, Retailers and End Users
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
60 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West],
Mumbai - 400013, |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||||||||
|
|
|
|
Auditors : |
|
|
Name : |
Gada and Haria Chartered Accountants |
|
Address : |
5, Framroz Court, Second Floor, Dadasaheb Falke Road, Near Dadar Railway
Station, Dada, Mumbai – 400014, Maharashtra, India |
|
Tel. No.: |
91-22-40794141 |
|
Telefax : |
91-22-40794111 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFG8427D |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75,000 |
Equity Shares |
Rs. 100/- each |
Rs. 7.500 Millions |
|
20,000 |
Redeemable Preference Shares |
Rs. 100/- each |
Rs. 2.000 Millions |
|
|
|
|
|
|
|
Total |
|
Rs. 9.500
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
74,000 |
Equity Shares |
Rs. 100/- each |
Rs. 7.400 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
7.400 |
7.400 |
7.400 |
|
(b) Reserves & Surplus |
25.160 |
24.447 |
21.105 |
|
(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) |
32.560 |
31.847 |
28.505 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
47.797 |
37.608 |
34.532 |
|
(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) |
47.797 |
37.608 |
34.532 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
49.501 |
55.516 |
63.627 |
|
(b)
Trade payables |
52.783 |
63.207 |
41.681 |
|
(c)
Other current liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
Short-term provisions |
7.485 |
6.133 |
3.165 |
|
Total
Current Liabilities (4) |
109.769 |
124.856 |
108.473 |
|
|
|
|
|
|
TOTAL |
190.126 |
194.311 |
171.510 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
46.115 |
59.539 |
53.279 |
|
(ii)
Intangible Assets |
0.054 |
0.091 |
0.151 |
|
(iii)
Capital work-in-progress |
17.786 |
0.610 |
9.720 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.134 |
0.134 |
0.193 |
|
(c) Deferred tax assets
(net) |
4.514 |
4.004 |
5.076 |
|
(d) Long-term Loan
and Advances |
8.425 |
7.906 |
10.112 |
|
(e)
Other Non-current assets |
1.866 |
1.430 |
0.844 |
|
Total
Non-Current Assets |
78.894 |
73.714 |
79.375 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
45.988 |
49.361 |
49.107 |
|
(c)
Trade receivables |
60.645 |
66.718 |
39.570 |
|
(d)
Cash and cash equivalents |
0.365 |
0.289 |
0.517 |
|
(e)
Short-term loans and advances |
0.000 |
0.000 |
0.000 |
|
(f)
Other current assets |
4.234 |
4.229 |
2.941 |
|
Total
Current Assets |
111.232 |
120.597 |
92.135 |
|
|
|
|
|
|
TOTAL |
190.126 |
194.311 |
171.510 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
524.492 |
524.019 |
429.173 |
|
|
|
Other Income |
1.121 |
1.407 |
9.816 |
|
|
|
TOTAL (A) |
525.613 |
525.426 |
438.989 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Opening Stocks finished goods |
2.995 |
4.689 |
6.151 |
|
|
|
Cost of Materials Consumed |
358.858 |
344.087 |
282.379 |
|
|
|
Manufacturing Expenses |
110.648 |
115.984 |
108.358 |
|
|
|
Employees benefits expense and Directors Remuneration |
15.859 |
15.287 |
19.640 |
|
|
|
Other expenses |
13.697 |
16.446 |
11.933 |
|
|
|
Closing Stock of
finished goods |
(6.391) |
(2.995) |
(4.689) |
|
|
|
TOTAL (B) |
495.666 |
493.498 |
423.772 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
29.947 |
31.928 |
15.217 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
13.812 |
14.666 |
12.843 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
16.135 |
17.262 |
2.374 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
14.865 |
13.218 |
16.766 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
1.270 |
4.044 |
(14.392) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.557 |
0.702 |
(4.286) |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
0.713 |
3.342 |
(10.106) |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Imported Waste Paper |
165.228 |
160.702 |
131.330 |
|
|
|
Component and Spare Parts, Stores |
0.000 |
0.581 |
0.000 |
|
|
TOTAL IMPORTS |
165.228 |
161.283 |
131.330 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
9.6353 |
45.1624 |
(136.5627) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.14 |
0.64 |
(2.35) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.71 |
6.09 |
3.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.76 |
2.13 |
(9.19) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.13 |
(0.50) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.99 |
2.92 |
3.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
0.97 |
0.85 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
7.400 |
7.400 |
7.400 |
|
Reserves & Surplus |
21.105 |
24.447 |
25.160 |
|
Net
worth |
28.505 |
31.847 |
32.560 |
|
|
|
|
|
|
long-term borrowings |
34.532 |
37.608 |
47.797 |
|
Short term borrowings |
63.627 |
55.516 |
49.501 |
|
Total
borrowings |
98.159 |
93.124 |
97.298 |
|
Debt/Equity ratio |
3.444 |
2.924 |
2.988 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
429.173 |
524.019 |
524.492 |
|
|
|
22.100 |
0.090 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
429.173 |
524.019 |
524.492 |
|
Profit |
-10.106 |
3.342 |
0.713 |
|
|
-2.35% |
0.64% |
0.14% |
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 |
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 |
Yes |
|
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
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10015505 |
06/02/2014 * |
102,128,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
B97035422 |
|
2 |
80010400 |
13/11/2014 * |
107,456,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL W, MUMBAI, MAHARASHTRA - 400013, INDIA |
C34142885 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Millions) |
31.03.2013 (Rs.
In Millions) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans and advance from related parties |
37.432 |
32.360 |
|
|
|
|
|
Total |
37.432 |
32.360 |
FIXED ASSETS:
· Land under lease
· Buildings
· Plant and Equipment
· Furniture and Fixture
· Vehicles
· Office Equipments
· Computers
· Air Conditioner
· Fire Fittings
· Computer Software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No exist to suggest that the property or assets of the subject are
derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.41 |
|
|
1 |
Rs. 99.30 |
|
Euro |
1 |
Rs. 79.00 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
30 |
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.