MIRA
INFORM REPORT
|
Report Date : |
08.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
PARVIN AGRO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No. 713, Bavla , |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
18.08.2004 |
|
|
|
|
Com. Reg. No.: |
04-044617 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.041 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15143GJ2004PTC044617 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCP3387P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in the business of the cotton ginning, pressing
and crushing of cotton seeds |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 440000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. The company seems to have weak financial risk profile marked by the
loss reported during FY12, and weak debt coverage indicators. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 narrowed in the quarter ended September as government measures to curb
imports, especially gold, kicked in. The current account deficit, the
excess of a country’s imports of goods and services over exports, narrowed to $
5.2 billion from $ 21 billion in the year ago period, according to provisional
Reserve Bank of India data. Finance Minister P. Chidambaram said the CAD for
the year will be less than $ 60 billion or 3 per cent of GDP and the latest
data suggests the government may achieve the target.
India was ranked 94th
among the world’s most corrupt nations list. Denmark and New Zealand topped as
the cleanest while Somalia emerged as the most corrupt.
India’s services
sector activity witnessed a moderate improvement in November over the previous
month, even while indicating the fifth successive monthly contraction,
according the HSBC survey.
$53 million
estimated losses suffered by India due to phishing attacks during the third quarter,
according to a study by RSA. India ranks fourth in the list of nations hit by
phishing attacks. The US remained at the top of the charts. Phishing is the
process of acquiring information such as user names, passwords and credit card
details by sending e-mails disguised as official mails.
Rs.4080 million
worth of mobile-phone-based transactions by July 2013 compared to Rs.260
million in September, 2012, according to Deloitte report. The number of
transactions has shot up from 94000 to 701000.
India aims to earn
Rs.400000 million from the bandwidth auction set for January. The merger and
acquisition guidelines, cleared by a group of ministers, will be out before the
auction begins so that players can make informed decisions on the auctions.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facility = B |
|
Rating Explanation |
High risk of default |
|
Date |
19.04.2013 |
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: |
Block No. 713, Bavla ,Rupal Road, Bavla, Ahmedabad – 382220, Gujarat, India |
|
Tel. No.: |
91-2714-232799 |
|
Fax No.: |
91-2714-230399 |
|
E-Mail : |
|
|
Website : |
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|
|
|
|
Corporate Office : |
B-202, Solitaire Corporate Park, beside Divya Bhaskar, S.G. Highway, Ahmedabad-380015, Gujarat, India |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Akbarbhai Noorbhai Vahora |
|
Designation : |
Director |
|
Address : |
5, Noore Mohmmed Society, Near Amrutbaug, Bavla, Ahmedabad –
382220, Gujarat, India |
|
Date of Birth/Age : |
01.06.1955 |
|
Date of Appointment : |
20.08.2004 |
|
DIN No.: |
01537408 |
|
PAN No.: |
ABCPV2380F |
|
|
|
|
Name : |
Mr. Abdulbhai Noorbhai Vahora |
|
Designation : |
Director |
|
Address : |
Rupal Road, Jivapura, Bavla Ahmedabad – 382220, Gujarat,
India |
|
Date of Birth/Age : |
01.06.1958 |
|
Date of Appointment : |
18.08.2004 |
|
DIN No.: |
01650402 |
|
PAN No.: |
ABCPV2382H |
|
|
|
|
Name : |
Mr. Dilawarbhai Nabibhai Vahora |
|
Designation : |
Director |
|
Address : |
Rupal Road, Jivapura, Bavla Ahmedabad – 382220, Gujarat,
India |
|
Date of Birth/Age : |
27.08.1977 |
|
Date of Appointment : |
20.08.2004 |
|
DIN No.: |
01650410 |
|
PAN No.: |
ABCPV2384B |
|
|
|
|
Name : |
Mr. Nasiruddin Akbarbhai Vahora |
|
Designation : |
Director |
|
Address : |
5, Noore Mohmmed Society, Near Amrutbaug, Bavla, Ahmedabad –
382220, Gujarat, India |
|
Date of Birth/Age : |
02.05.1979 |
|
Date of Appointment : |
18.08.2004 |
|
DIN No.: |
01668632 |
|
PAN No.: |
ACJPV1151A |
|
|
|
|
Name : |
Mr. Tausif Ahamad Abdulbhai Vhora |
|
Designation : |
Director |
|
Address : |
Rupal Road, Jivapura, Bavla Ahmedabad – 382220, Gujarat, India |
|
Date of Birth/Age : |
30.04.1985 |
|
Date of Appointment : |
10.05.2013 |
|
DIN No.: |
06579304 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Vhora Abdulbhai Nurbhai |
|
101191 |
|
Vhora Nasirudding Akbarbhai |
|
53855 |
|
Vhora Ibrahimbhai Nurbhia |
|
55730 |
|
Vhora Irfanbhai Ibeahimbhai |
|
18333 |
|
Vhora Mehrunisha Irfanbhai |
|
7500 |
|
Vhora Akbarbhai Nurbhai |
|
113920 |
|
Vhora Shrifaben Akbarbhai |
|
42728 |
|
Vhora Shahenazben Nasiruddinbhai |
|
16309 |
|
Vhora Tanvirbhai Akbarbhai |
|
49873 |
|
Vhora Shahistaben Tanvirbhai |
|
15976 |
|
Vhora Pravinben Akbarbhai |
|
17534 |
|
Vhora Rahimben Abdulbhai |
|
41416 |
|
Vhora Taufikbhai Abdulbhai |
|
42702 |
|
Vhora Shahiben Taufikbhai |
|
16122 |
|
Vhora Tariqbhai Abdulbhai |
|
30912 |
|
Vhora Salmaben Tariqbhai |
|
16318 |
|
Vhora Taushifbhai Abdulbhai |
|
19035 |
|
Vhora Bibiben Nurbhai |
|
7500 |
|
Vhora Fatmaben Nurbhai |
|
15000 |
|
Vhora Hajiben Nabibhai |
|
46370 |
|
Vhora Dilaverbhai Nabibhai |
|
125767 |
|
Vhora Nusratben Dilaverbhai |
|
46312 |
|
Vhora Rukshanben Nizambhai |
|
1184 |
|
Vhora Rasidaben Mehmudbhai |
|
1122 |
|
Vhora Raziyaben Akbarbhai |
|
1091 |
|
Vhora Iqbalbhai Abrahambhai |
|
250 |
|
Total |
|
904050 |
As on 30.09.2013
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 : |
Subject is engaged in the business of the cotton ginning, pressing
and crushing of cotton seeds |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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Bankers : |
Punjab National Bank, R. A. Patel Market, Bavla, District
Ahmedabad - 382220, Gujarat, India |
||||||||||||||||||
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||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
|
|
|
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Banking
Relations : |
--- |
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Auditors : |
|
|
Name : |
S K Chalishazar and Company Chartered Accountants |
|
Address : |
601, Abhijeet - IV, Near Mithakhali Six Roads,
Ellisbridge, Ahmedabad – 380006, Gujarat, India |
|
PAN No.: |
ACGFS1228J |
|
|
|
|
Associate : |
· Rupal Rice Mill Private Limited · Ami Enterprises Private Limited · Parvin Cotex Private Limited · Parvin Cotgin Private Limited ·
Nurbhai Sultanbhai Cotton Company |
CAPITAL STRUCTURE
As on 30.09.2013
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 |
|
|
|
|
|
|
904050 |
Equity Shares |
Rs.10/- each |
Rs.9.041
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 |
9.041 |
9.041 |
9.041 |
|
(b) Reserves & Surplus |
102.024 |
73.959 |
75.457 |
|
(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) |
111.065 |
83.000 |
84.498 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
51.403 |
33.892 |
159.826 |
|
(b) Deferred tax liabilities (Net) |
5.234 |
3.670 |
1.630 |
|
(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) |
56.637 |
37.562 |
161.456 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
128.621 |
129.353 |
0.000 |
|
(b) Trade payables |
10.528 |
19.132 |
29.126 |
|
(c) Other current
liabilities |
4.437 |
8.727 |
2.883 |
|
(d) Short-term provisions |
12.347 |
1.753 |
2.110 |
|
Total Current Liabilities (4) |
155.933 |
158.965 |
34.119 |
|
|
|
|
|
|
TOTAL |
323.635 |
279.527 |
280.073 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
92.415 |
81.449 |
37.455 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
92.415 |
81.449 |
37.455 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
166.926 |
67.103 |
196.142 |
|
(c) Trade receivables |
36.635 |
85.271 |
35.429 |
|
(d) Cash and cash
equivalents |
11.533 |
39.547 |
1.132 |
|
(e) Short-term loans and
advances |
16.126 |
6.157 |
9.915 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
231.220 |
198.078 |
242.618 |
|
|
|
|
|
|
TOTAL |
323.635 |
279.527 |
280.073 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1429.300 |
978.140 |
1083.800 |
|
|
|
Other Income |
8.060 |
4.580 |
1.840 |
|
|
|
TOTAL |
1437.360 |
982.720 |
1085.640 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
1393.410 |
977.150 |
1083.290 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
1393.410 |
979.350 |
1083.290 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
43.950 |
3.370 |
2.350 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
4.170 |
2.050 |
1.270 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
39.780 |
1.320 |
1.080 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.720 |
2.420 |
0.240 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
28.060 |
(1.100) |
0.840 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
31.04 |
(1.21) |
0.92 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
1.95
|
(0.11) |
0.08 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.78
|
0.13 |
0.10 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.29
|
0.47 |
0.39 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36
|
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.62
|
1.97 |
1.89 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48
|
1.25 |
7.11 |
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 |
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
FINANCIAL RESULTS:
During the year, the Company has achieved sales of Rs. 1429.300 Millions (Previous Year Rs. 978.140 Millions) and earned other income of Rs.8.060 Millions (Previous Year Rs. 4.580 Millions) and has incurred a net Profit of Rs.28.060 Millions [Previous Year Net Loss Rs. 1.100 Millions] after providing Depreciation of Rs. 4.170 Millions (Previous Year Rs. 2.050 Millions), Provision for Taxation of Rs. 11.720 Millions (Previous Year Rs. 2.420 Millions).
UNSECURED LOAN
Rs. In Millions
|
Particular |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long-term
borrowings |
|
|
|
Loans and advances from related parties |
22.657 |
2.556 |
|
Total |
22.657 |
2.556 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10361604 |
22/10/2011 |
31,000,000.00 |
PUNJAB NATIONAL BANK |
BAVLA BRANCH, BAVLA, AHMEDABAD, GUJARAT - 382220, INDIA |
B33474248 |
|
2 |
10361605 |
19/10/2011 |
161,000,000.00 |
PUNJAB NATIONAL BANK |
BAVLA BRANCH, BAVLA, AHMEDABAD, GUJARAT - 382220, INDIA |
B33473745 |
|
3 |
10186430 |
13/03/2013 * |
100,000,000.00 |
PUNJAB NATIONAL BANK |
R. A. PATEL MARKET, BAVLA, DISTRICT AHMEDABAD, GUJARAT - 382220, INDIA |
B71935464 |
|
4 |
10038846 |
10/10/2008 * |
130,000,000.00 |
PUNJAB NATIONAL BANK |
BAVLA BRANCH, BAVLA, AHMEDABAD, GUJARAT - 382220, INDIA |
A49490063 |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and equipment
· Office equipment
· Computer equipments
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.62.38 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.84.97 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.