MIRA
INFORM REPORT
|
Report Date : |
26.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
RAVINDRA HERAEUS PRIVATE LIMITED (w.e.f. 21.11.2002) |
|
|
|
|
Formerly Known
As : |
RAVINDRA PLATINUM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
A-196 (A), “F” Road, Mewar Industrial Area, Madri, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.10.1988 |
|
|
|
|
Com. Reg. No.: |
17-004669 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36911RJ1988PTC004669 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JDHR01905B/ JDHR02117D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR9695R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing articles of Platinum Group Metals for Fertilizer, Glass,
Petrochemical, Pharmaceutical Industries and Research Institutes. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2800000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Overall financial position of the company is decent. Performance
capability is good. However, trade relations are reported to be fair. Business is active.
Payments are reported to be regular and as commitment. The company can be considered normal for business 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
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.
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. Narendra Lodha |
|
Designation : |
Account Manager |
|
Contact No.: |
91-294-2490029 |
|
Date : |
24.02.2014 |
LOCATIONS
|
Registered Office : |
A-196 (A), “F” Road, Mewar Industrial Area, Madri, |
|
Tel. No.: |
91-294-2490029, 2492027, 2491028, 2490031, 2492045, 2490058 |
|
Fax No.: |
91-294-2491825, 2492177 |
|
E-Mail : |
|
|
Website : |
|
|
Locations : |
Owned |
|
|
|
|
Plant : |
Located at: ·
Udaipur |
|
|
|
|
Branch Office : |
Located at: · Mumbai · Vadodara · Bangalore · Delhi |
DIRECTORS
As on 13.09.2013
|
Name : |
Mr. Ravindra Sajjan Lal Choksi |
|
Designation : |
Chairman |
|
Address : |
Ravi Kamal, 1-Rani Road, Udaipur – 313 004, Rajasthan, India |
|
Date of Birth/Age : |
12.09.1935 |
|
Date of Appointment : |
25.10.1988 |
|
PAN No. : |
ABPPC0251K |
|
DIN No.: |
00359736 |
|
|
|
|
Name : |
Mr. Shailesh Ravindra Choksi |
|
Designation : |
Managing Director |
|
Address : |
“Vainkuntam”, Behind Shilpgram, Hawala Khurd, Udaipur – 313 004, Rajasthan, India |
|
Date of Birth/Age : |
24.05.1960 |
|
Date of Appointment : |
25.10.1988 |
|
PAN No. : |
ABPPC0250J |
|
DIN No.: |
00359921 |
|
|
|
|
Name : |
Mr. Kishore Ravindra Choksi |
|
Designation : |
Director |
|
Address : |
Ravi Kamal, 1-Rani Road, Udaipur – 313 004, Rajasthan, India |
|
Date of Birth/Age : |
10.09.1955 |
|
Date of Appointment : |
25.10.1988 |
|
PAN No. : |
ABPPC0252L |
|
DIN No.: |
00359805 |
|
|
|
|
Name : |
Dr. Wulf Friedrich Kock |
|
Designation : |
Director |
|
Address : |
Rannernber-Gring 24A, D-63755 Alzenan, Germany |
|
Date of Birth/Age : |
16.09.1949 |
|
Date of Appointment : |
29.01.1997 |
|
DIN No.: |
01306098 |
|
|
|
|
Name : |
Mr. Gerald Josef Ritter |
|
Designation : |
Director |
|
Address : |
Gelnhausen, Am Langen Steg 39 |
|
Date of Birth/Age : |
20.03.1961 |
|
Date of Appointment : |
01.01.2010 |
|
DIN No.: |
02931193 |
KEY EXECUTIVES
|
Name : |
Mr. Narendra Lodha |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 13.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Ravindra Choksi |
|
10000 |
|
Kishore Choksi |
|
6000 |
|
Shailesh Choksi |
|
6000 |
|
Kamla Choksi |
|
10000 |
|
Namrata Choksi |
|
4500 |
|
Samveg Choksi |
|
4500 |
|
Nandita Choksi |
|
4500 |
|
Radhey Choksi |
|
4500 |
|
W.C. Heraeus International GmbH, |
|
50000 |
|
Total |
|
100000 |
As on 13.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
50.00 |
|
Directors or relatives of Directors |
50.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing articles of Platinum Group Metals for Fertilizer, Glass,
Petrochemical, Pharmaceutical Industries and Research Institutes. |
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Products : |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
Germany |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
·
USA ·
Germany |
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Terms : |
|
||||||
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Selling : |
Cheque |
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|
||||||
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Purchasing : |
Cheque |
PRODUCTION STATUS
|
Particulars |
Unit |
31.03.2013 |
|
Actual Production |
Kgs |
27390.64 |
GENERAL INFORMATION
|
Customers : |
Wholesalers |
|
|
|
|
No. of Employees : |
Information declined by the management |
|
|
|
|
Bankers : |
|
|
|
|
|
Banking
Relations : |
--- |
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|
|
|
Auditors : |
|
|
Name : |
B.L. Ajmera and Company Chartered Accountants |
|
Address : |
|
|
Tel. No.: |
91-141-2373433 |
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Fax No.: |
91-141-2371152 |
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E-Mail : |
|
|
PAN No.: |
AABFB2982K |
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|
|
|
Enterprises under
significant influence : |
· Heraeus Precious Metal GMBH · Heraeus Material Technology · Heraeus Metalhandlesgeses Schaft MbH · Heraeus Precious Metal North America · Heraeus Metal Processing LLC ·
Choksi Heraeus Private Limited |
CAPITAL STRUCTURE
As on 13.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
678.364 |
552.954 |
429.073 |
|
(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) |
688.364 |
562.954 |
439.073 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
12.422 |
11.231 |
11.239 |
|
(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) |
12.422 |
11.231 |
11.239 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
60.777 |
2.514 |
5.294 |
|
(c) Other current
liabilities |
9.046 |
7.050 |
4.374 |
|
(d) Short-term provisions |
286.099 |
213.398 |
143.184 |
|
Total Current Liabilities (4) |
355.922 |
222.962 |
152.852 |
|
|
|
|
|
|
TOTAL |
1056.708 |
797.147 |
603.164 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
94.035 |
82.840 |
81.630 |
|
(ii) Intangible Assets |
0.447 |
0.671 |
0.895 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.245 |
0.714 |
0.652 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
95.727 |
84.225 |
83.177 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
143.259 |
191.516 |
78.332 |
|
(c) Trade receivables |
218.794 |
132.778 |
230.189 |
|
(d) Cash and cash
equivalents |
318.496 |
183.201 |
87.073 |
|
(e) Short-term loans and
advances |
273.066 |
201.781 |
122.486 |
|
(f) Other current assets |
7.366 |
3.646 |
1.907 |
|
Total Current Assets |
960.981 |
712.922 |
519.987 |
|
|
|
|
|
|
TOTAL |
1056.708 |
797.147 |
603.164 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
|
|
2839.614 |
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
3310.197 |
2839.614 |
1727.333 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
3087.697 |
2622.397 |
NA |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
3087.697 |
2622.397 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
222.500 |
217.217 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
73.691 |
70.091 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
148.809 |
147.126 |
128.244 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Sale (on FOB) |
68.442 |
114.862 |
77.891 |
|
|
TOTAL EARNINGS |
68.442 |
114.862 |
77.891 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
7.129 |
0.934 |
5.413 |
|
|
|
Others |
0.970 |
1.148 |
0.778 |
|
|
TOTAL IMPORTS |
8.099 |
2.082 |
6.191 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1488.09 |
1471.26 |
NA |
|
Expected Sales (2013-14) : Rs.4000.000 Millions
The above information has been parted by Mr. Narendra Lodha
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
4.50 |
5.18 |
7.42 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
6.72 |
7.65 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.06 |
27.25 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.32 |
0.39 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.70 |
3.20 |
3.40 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
429.073 |
552.954 |
678.364 |
|
Net
worth |
439.073 |
562.954 |
688.364 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.000 |
0.000 |
0.000 |
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 |
1727.333 |
2839.614 |
3310.197 |
|
|
|
64.393 |
16.572 |
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 |
1727.333 |
2839.614 |
3310.197 |
|
Profit |
128.244 |
147.126 |
148.809 |
|
|
7.42% |
5.18% |
4.50% |
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 |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
FINANCIAL RESULTS:-
There is Net Profit after Tax of Rs 148.809 Millions (Previous Year Rs. 147.126 Millions) which is proposed to be carried forward. This is the Twenty Second full year of commercial production. The Products of the company enjoy good confidence and reputation in the market which is evident from repeated enquiries/order from various prestigious buyers. A Sum of Rs.45.000 Millions (Previous Year Rs.30.000 Millions) has been transferred to General Reserves.
OPERATIONS:-
This is the Twenty Second Year of commercial Production. During the year the company has achieved a turnover of Rs.3310.197 Millions (including other income) and Production of 27390.64 Kgs as compared to the previous year’s turnover of Rs. 2839.614 Millions and Production of 97490.2316 Kgs. The products of the company continue to enjoy good confidence and reputation in the market.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90072405 |
10/04/2009 * |
507,800,000.00 |
BANK OF BARODA |
OPPOSITE TOWN HALL, UDAIPUR – 313 001, RAJASTHAN, INDIA |
A61061156 |
* Date of charge modification
FIXED ASSETS
· Land
· Factory Building
· Other Building
· R and D Equipments
· Electrical Installation
· Dies Tools and Moulds
· Furniture and Fixture
· Plant and Machinery
· Computer
· Office Equipment
· 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.61.98 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
NTH |
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 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
49 |
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.