MIRA
INFORM REPORT
|
Report Date : |
12.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
RICHFIELD FERTILISERS PRIVATE LIMITED (w.e.f 09.10.2007) |
|
|
|
|
Formerly Known
As : |
RICHFIELD FERTILISERS LIMITED |
|
|
|
|
Registered
Office : |
Plot No.B-27, M.I.D.C., Ambad, Nashik – 422 010, |
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Country : |
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|
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Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.04.2001 |
|
|
|
|
Com. Reg. No.: |
11-131579 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.9.800
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24129MH2001PTC131579 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Importer and Trader of all kinds of fertilizers,
pesticides, derivatives, natural or mixed fertilizers etc. |
|
|
|
|
No. of Employees
: |
Not Available |
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 |
|
Maximum Credit Limit : |
USD 210000 |
|
|
|
|
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. The rating takes into consideration moderate financial risk profile, moderate
capital structure and constrained by a small net worth. However, trade relations are reported as 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.
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
The worst is over for India’s economy with gross domestic product likely
to expand 5 %to 5.5 % this year and more than 6 % in 2015, according to Moody’s
Analytics. Concerns over the rupee and current account deficit are under control,
said the agency. Ratings firm Crisil has forecast 6 % growth for 2014/15 up
from the estimated 4.8 % for 2013/14. Total economic growth,
infrastructure bottlenecks and lack of transparency and consistency in foreign
direct investment policies seem to have taken a toll on India’s attractiveness
as an investment destination, says an Ernst & Young survey. Projects
with FDI component fell 16.4 % across the globe in 2012 from the previous
year. The drop in India was steeper at 21 %. State run carrier Air India
is doling out free tickets to its 24000 employees, even as it expects to incur
a loss of Rs 39000 mn this financial year and has a debt of Rs 350000 mn.
550000 number of jobs generated across India in 2013, a fall of 0.4 % as
compared to with a year earlier. The National Capital Region has a
one-fourth share in total jobs created, according to a study by industry lobby
group Assochem, Banks, real estate, automobile and telecommunications sectors
are showing a rise of job creation. $ 805 mn investments by venture capital
firms in India during 2013, registering a drop of about 18 % over the previous
year. The Information Technology and IT-Enabled Services Industry
retained its status as the favourable venture capital investors in 2013.
Pakistan has temporarily banned gold imports for the second time in six months,
as it tries to stem smuggling into India. India’s import duty on gold is 10 %
and curbs on purchases have dried up legal imports into what used to be the
world’s biggest bullion buyers. The World Gold Council puts the amount smuggled
into India at upto 200 tonnes in 2013. The Reserve Bank of India has proposed
that unclaimed bank deposits estimated to be about Rs 35000 mn be used for
education and awareness among depositors. According to the plan, deposits
that have not been claimed for at least 10 years will be transferred to the
scheme.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB |
|
Rating Explanation |
Having moderate risk of default |
|
Date |
27.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Having minimal degree of safety and carry very high credit risk |
|
Date |
27.01.2014 |
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.
LOCATIONS
|
Registered Office/ Factory : |
Plot No.B-27, M.I.D.C., Ambad, Nashik – 422 010, |
|
Tel. No.: |
91-253-2380062 / 63 / 64 / 2581406 |
|
Fax No.: |
91-253-2382710 |
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E-Mail : |
|
|
Website |
DIRECTORS
As on 29.07.2013
|
Name : |
Mr. Swapnil Murlidhar Bachchhav |
|
Designation : |
Managing Director |
|
Address : |
“Suprbha”, Plot No.49, Balwant Nagar, Anadvalli Shivar, |
|
Date of Birth/Age : |
12.05.1968 |
|
Date of Appointment : |
09.08.2005 |
|
DIN No.: |
00516131 |
|
|
|
|
Name : |
Mrs. Pratibha Swapnil Bachchhav |
|
Designation : |
Whole Time Director |
|
Address : |
“Suprbha”, Plot No.49, Balwant Nagar, Anadvalli Shivar, |
|
Date of Birth/Age : |
08.01.1971 |
|
Date of Appointment : |
09.08.2005 |
|
DIN No.: |
00518710 |
|
|
|
|
Name : |
Mr. Ashok Kundlik Auti |
|
Designation : |
Director |
|
Address : |
Flat No.2A, Indrayani Complex, ?Mangal Nagar, G Road, Nashik –
422002, Maharashtra, India |
|
Date of Birth/Age : |
01.06.1970 |
|
Date of Appointment : |
01.09.2005 |
|
DIN No.: |
00525359 |
|
|
|
|
Name : |
Mrs. Tanuja Uday Bhosale |
|
Designation : |
Director |
|
Address : |
Flat No.8, Raghavalaya Apartment, Chattanya Nagar, Gangapur, Near |
|
Date of Birth/Age : |
21.10.1971 |
|
Date of Appointment : |
01.09.2005 |
|
DIN No.: |
00525415 |
|
|
|
|
Name : |
Mr. Vinayak Pundik Patil |
|
Designation : |
Director |
|
Address : |
G.No.465/3/1, Farm House, Satpur, Nashik – 425 001, |
|
Date of Birth/Age : |
19.08.1943 |
|
Date of Appointment : |
01.09.2005 |
|
DIN No.: |
00616009 |
|
|
|
|
Name : |
Mr. Murlidhar Budhaji Bachchhav |
|
Designation : |
Director |
|
Address : |
Plot No.30 B, S.No.38, Balwant Nagar, Anadvalli Shivar, Balwant Nagar,
Near Kadlakmala Stop, Nashik – 422 013, Maharashtra, India |
|
Date of Birth/Age : |
03.12.1940 |
|
Date of Appointment : |
09.08.2005 |
|
DIN No.: |
00616030 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.07.2013
|
Names of Shareholders |
|
No. of Shares |
|
Swapnil Murlidhar Bachchhav |
|
589926 |
|
Pratibha Swapnil Bachchhav |
|
389918 |
|
Murlidhar Budhaji Bachchhav |
|
26 |
|
Mahesh Budhaji Bachchhav |
|
26 |
|
Rahul Budhaji Bachchhav |
|
26 |
|
Preeti Shrinivas Patki |
|
26 |
|
Uday Ramrao Bhosale |
|
26 |
|
Sulbha Murlidhar Bachchhav |
|
26 |
|
Total |
|
980000 |
As on 29.07.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Importer and Trader of all kinds of fertilizers,
pesticides, derivatives, natural or mixed fertilizers etc. |
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Products : |
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GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· Bank of Maharashtra, Lokmangal, 1501, Shivaji Nagar, Pune - 411005, Maharashtra, India · Yes Bank Limited, 9th Floor, Nehru Centre, Discovery Of India, Dr. Annie Besant Road, Worli, Mumbai - 400018, Maharashtra, India · Union Bank of India, SSI Branch, B-50, Nice, M.I.D.C. Satpur, Nashik - 422007, Maharashtra, India |
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Facilities : |
(Rs.
In Millions)
|
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Banking
Relations : |
--- |
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Auditors : |
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|
Name : |
Desai Associates Chartered
Accountants |
|
Address : |
103/104-A, Anand
Estates, 189A, Sane Guruji Marg, Mumbai – 400011, Maharashtra, India |
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Tel. No.: |
91-22-23001840/23051165/23080788 |
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Fax No.: |
91-22-23073055/23072981 |
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E-Mail : |
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PAN No.: |
AAAFD4921H |
CAPITAL STRUCTURE
As on 29.07.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
980000 |
Equity Shares |
Rs.10/- each |
Rs.9.800
Millions |
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|
|
|
|
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 |
9.800 |
3.900 |
3.900 |
|
(b) Reserves & Surplus |
44.083 |
33.249 |
21.987 |
|
(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) |
53.883 |
37.149 |
25.887 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.597 |
4.107 |
5.266 |
|
(b) Deferred tax liabilities (Net) |
1.924 |
1.303 |
1.129 |
|
(c) Other long term liabilities |
5.473 |
3.862 |
3.301 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.024 |
|
Total Non-current Liabilities (3) |
7.994 |
9.272 |
9.720 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
65.023 |
57.618 |
35.442 |
|
(b) Trade payables |
66.989 |
38.970 |
29.912 |
|
(c) Other current
liabilities |
7.066 |
6.052 |
4.572 |
|
(d) Short-term provisions |
1.747 |
2.093 |
0.333 |
|
Total Current Liabilities (4) |
140.825 |
104.733 |
70.259 |
|
|
|
|
|
|
TOTAL |
202.702 |
151.154 |
105.866 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
32.558 |
27.953 |
25.303 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.113 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.183 |
0.183 |
0.174 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.656 |
3.202 |
1.774 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.009 |
|
Total Non-Current Assets |
36.397 |
31.451 |
27.260 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
45.800 |
34.792 |
26.683 |
|
(c) Trade receivables |
103.159 |
54.255 |
25.782 |
|
(d) Cash and cash
equivalents |
13.053 |
27.101 |
24.525 |
|
(e) Short-term loans and
advances |
4.151 |
3.521 |
1.598 |
|
(f) Other current assets |
0.142 |
0.034 |
0.018 |
|
Total Current Assets |
166.305 |
119.703 |
78.606 |
|
|
|
|
|
|
TOTAL |
202.702 |
151.154 |
105.866 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
414.416 |
318.792 |
213.836 |
|
|
|
Other Income |
2.310 |
0.455 |
1.275 |
|
|
|
TOTAL |
416.726 |
319.247 |
215.111 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
395.295 |
302.731 |
203.921 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
395.295 |
302.731 |
203.921 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, PRIOR PERIOD INCOME |
21.431 |
16.516 |
11.190 |
|
|
|
|
|
|
|
|
|
Add |
Prior Period Income |
0.124 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
21.555 |
16.516 |
11.190 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
6.821 |
5.255 |
3.617 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
14.734 |
11.261 |
7.573 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
15.03 |
28.87 |
19.42 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
3.54
|
3.53 |
3.52 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.20
|
5.18 |
5.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.64
|
10.95 |
10.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.44 |
0.43 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.22
|
1.66 |
1.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18
|
1.14 |
1.12 |
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 |
No |
|
10] |
Designation of contact person |
No |
|
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 |
Yes |
OPERATIONS:
During the year, the turnover of the company has increased by 30% as compared to the previous year, whereas the Profit before tax stood at 5.17% as against 5.18% in the previous year. The company could maintain its profit margin during the year under consideration irrespective of sharp decline in the rupee value.
As informed in the previous year, the Company had participated in the tender issued by the Horticulture Department of State of Rajasthan for supply of water soluble fertilizers for fertigation along with technical knowhow in Rajasthan and has been awarded with the tender. The company has started operations in the State of Rajasthan in a short span by recruiting staff and appointing CFA. The increase in turnover is mainly due to the strong efforts taken by the marketing team in the State of Rajasthan. The Company has achieved a sales turnover of Rs. 47.726 Millions, in the State of Rajasthan, in the last quarter i.e. January to March 201 3.
The Company has purchased new premises in the month of February 2013 at Pimpalgoan Baswant in the new commercially developed area for marketing staff at Pimpalgoan and providing direct services to farmers in and around the region and proposes to purchase one more in this month, for additional space for storage of material.
The Company also proposes to have its own premises at Narayangaon for marketing staff and providing direct services to farmers in and around the region' and for storage of material.
The Company has renewed its exclusivity contracts with Union Chemicals Co. L.L.C., of Dubai and Ferm-o-Feed of Netherlands for a further period of 1st January 2013 to 31st December 2015. The Company has entered into a new exclusivity contract with a renowned company in water soluble fertilizers of China, Sichuan Xinchuangxin Chemical Company Limited for a period 1st January 2013 to 31st December 20T5 on open credit for 90 days.
NEW PRODUCTS:
The Company has received a good response for all the products introduced in the previous year viz. Rich Delfan, Rich Topmix, Rich Herba Green and Rich Vita Flora.
During the current year, the Company proposes to introduce 3 new products viz. Folieist, Sunred and Kriss.
UNSECURED LOAN
Rs.
In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long Term
Borrowing |
|
|
|
Loans and Advances From Related Parties |
0.000 |
2.000 |
|
Total |
0.000 |
2.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10272172 |
02/02/2011 |
2,000,000.00 |
BANK OF MAHARASHTRA |
'LOKMANGAL' 1501, SHIVAJINAGAR, PUNE, MAHARASHTRA - 411005, INDIA |
B06253306 |
|
2 |
10214278 |
13/07/2010 * |
4,000,000.00 |
BANK OF MAHARASHTRA |
'LOKMANGAL' 1501, SHIVAJINAGAR, PUNE, MAHARASHTRA - 411005, INDIA |
A93682276 |
|
3 |
10214279 |
11/01/2013 * |
132,000,000.00 |
BANK OF MAHARASHTRA |
'LOKMANGAL' 1501, SHIVAJINAGAR, PUNE, MAHARASHTRA - 411005, INDIA |
B76148691 |
* Date of charge modification
FIXED ASSETS
·
Goodwill
·
Land
·
·
Electrical
Installation
·
Plant
and Machinery
·
Furniture
and Fixture
·
Office
Equipments
·
Computers
·
Vehicles
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.62.44 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.85.28 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--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.