|
Report Date : |
21.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ARJUNA NATURAL EXTRACTS LIMITED |
|
|
|
|
Registered
Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
20.08.1992 |
|
|
|
|
Com. Reg. No.: |
09-006670 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.48.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239KL1992PLC006670 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHNA01307F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCA8648K |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Herbal Extracts.
|
|
|
|
|
No. of Employees
: |
Not Available |
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 2490000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company is performing well. General financial position of the company appears good. Trade relations are reported as fair. Payments are reported to be usually
correct and as per commitment. The company can be considered normal 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
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 |
ICRA |
|
Rating |
BBB + (Long Term) |
|
Rating Explanation |
Moderate degree of safety. It carry moderate
credit risk. |
|
Date |
December 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
A2+ (Short Term) |
|
Rating Explanation |
Strong degree of safety and carry low credit
risk. |
|
Date |
December 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 : |
VII/8 Bank Road, Aluva, Ernakulam – 683101, Kerala, India |
|
Tel. No.: |
91-484-4080400 |
|
Fax No.: |
91-484-2622612 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Industrial Development Area, Binanipuram, Edayar - 683502, Kerala,
India |
DIRECTORS
As on: 27.09.2013
|
Name : |
Mr. Kunjachan Puthussery Joseph |
|
Designation : |
Managing Director |
|
Address : |
Puthussery House, Thottakkattukara, Alwaye, Ernakulam – 683108,
Kerala, India |
|
Date of Birth/Age : |
30.09.1952 |
|
Date of Appointment : |
20.08.1992 |
|
Voter ID No.: |
KL/11/076/006333 |
|
DIN No.: |
00513385 |
|
|
|
|
Name : |
Paul Puthussery Joseph |
|
Designation : |
Whole-Time Director |
|
Address : |
Puthussery House, Madathil Land, Alwaye, Ernakulam – 683108, Kerala,
India |
|
Date of Birth/Age : |
16.04.1951 |
|
Date of Appointment : |
20.08.1992 |
|
Voter ID No.: |
KL/11/076/021312 |
|
DIN No.: |
00513400 |
|
|
|
|
Name : |
Benny Antony |
|
Designation : |
Whole-Time Director |
|
Address : |
Parekkattl House, Kiddngoor P. O, Anganaly, Ernakulam – 683572,
Kerala, India |
|
Date of Birth/Age : |
15.05.1965 |
|
Date of Appointment : |
20.08.1992 |
|
Voter ID No.: |
KL/10/068/219053 |
|
DIN No.: |
00513405 |
|
|
|
|
Name : |
Jomy Jose |
|
Designation : |
Whole-Time Director |
|
Address : |
246/IV, Moolan House, Mookkannur, Angamaly – 683577, Kerala,
India |
|
Date of Birth/Age : |
14.05.1972 |
|
Date of Appointment : |
01.07.2010 |
|
DIN No.: |
00513411 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 27.09.2013
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on: 27.09.2013
|
Category |
|
Percentage |
|
|
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
3.20 |
|
Directors or relatives of directors |
|
84.07 |
|
Other top fifty shareholders |
|
11.01 |
|
Others |
|
1.72 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Herbal Extracts.
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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|
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Bankers : |
· State Bank of Travancore, Catholic Center, Railway Station Road, Aluva - 683101, Kerala, India · The Federal Bank Limited, Aluva Junction Branch, Federal Heights, Bye Pass Junction, Aluva - 683101, Kerala, India · Dhanalakshmi Bank · Yes Bank · HDFC Bank Limited |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
(Rs.
In Millions)
Notes: 1 Nature of
Security (a) Term Loans from Banks
(b) Term Loans
from Other Parties
2 Terms of Repayment of Term Loans
There is no continuing default as on the date of balance sheet in repayment of loans and interest. (3) Loans repayable
on demand from Banks State Bank of Travancore
There is no continuing default as on the date of balance sheet in repayment of loans and interest. |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Balan and Company Chartered Accountants |
|
Address : |
Bank Road, Aluva – 683101, Kerala, India |
|
Tel. No.: |
91-484-2625371/ 2625066 |
|
E-Mail : |
|
|
PAN No.: |
AACFB8966C |
|
|
|
|
Subsidiary : |
Livlong Nutraceuticals Limited |
|
|
|
|
Associates : |
· Arjuna Research Laboratories Limited · Biotech Plantation Private Limited · Biofriend Properties and Investments Private Limited |
|
|
|
|
Entities in which
KMP / Relatives of KMP can exercise
significant influence : |
Herbal Supplements Limited |
CAPITAL STRUCTURE
As on: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4800000 |
Equity Shares |
Rs.10/- each |
Rs.48.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4800000 |
Equity Shares |
Rs.10/- each |
Rs.48.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
48.000 |
48.000 |
32.000 |
|
(b) Reserves & Surplus |
574.520 |
406.155 |
315.509 |
|
(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) |
622.520 |
454.155 |
347.509 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
49.262 |
47.409 |
20.689 |
|
(b) Deferred tax liabilities (Net) |
21.703 |
9.073 |
7.508 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
1.069 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
70.965 |
56.482 |
29.266 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
96.272 |
101.019 |
66.720 |
|
(b) Trade payables |
56.180 |
32.527 |
36.798 |
|
(c) Other current liabilities |
27.558 |
26.933 |
17.100 |
|
(d) Short-term provisions |
26.610 |
36.127 |
35.135 |
|
Total Current
Liabilities (4) |
206.620 |
196.606 |
155.753 |
|
|
|
|
|
|
TOTAL |
900.105 |
707.243 |
532.528 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
377.557 |
234.479 |
228.813 |
|
(ii) Intangible Assets |
0.491 |
0.655 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
73.235 |
12.481 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6.080 |
6.080 |
6.080 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.470 |
2.500 |
1.921 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
386.598 |
316.949 |
249.295 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.894 |
|
(b) Inventories |
180.294 |
120.787 |
84.287 |
|
(c) Trade receivables |
250.651 |
145.600 |
99.947 |
|
(d) Cash and cash equivalents |
52.275 |
101.084 |
69.232 |
|
(e) Short-term loans and advances |
27.680 |
21.566 |
23.921 |
|
(f) Other current assets |
2.607 |
1.257 |
4.952 |
|
Total Current
Assets |
513.507 |
390.294 |
283.233 |
|
|
|
|
|
|
TOTAL |
900.105 |
707.243 |
532.528 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
965.387 |
769.497 |
650.014 |
|
|
|
Other Income |
38.147 |
32.941 |
11.598 |
|
|
|
TOTAL (A) |
1003.534 |
802.438 |
661.612 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of materials consumed |
495.178 |
428.989 |
293.416 |
|
|
|
Changes in inventories of finished goods and work-in-progress |
(50.815) |
(31.324) |
(0.481) |
|
|
|
Employee benefits expense |
39.204 |
32.211 |
26.476 |
|
|
|
Other expenses |
200.780 |
142.355 |
103.357 |
|
|
|
TOTAL (B) |
684.347 |
572.231 |
422.768 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
319.187 |
230.207 |
238.884 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
17.797 |
11.569 |
4.487 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
301.390 |
218.638 |
234.357 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
38.019 |
33.523 |
20.757 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
263.371 |
185.115 |
213.600 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
75.481 |
58.944 |
63.130 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
187.890 |
126.171 |
150.470 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
700.946 |
508.616 |
437.112 |
|
|
TOTAL EARNINGS |
700.946 |
508.616 |
437.112 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Material |
12.540 |
10.740 |
1.367 |
|
|
|
Packing Materials |
0.000 |
0.114 |
0.060 |
|
|
|
Solvents & Chemicals |
7.552 |
4.400 |
10.314 |
|
|
|
Capital Goods |
29.829 |
33.062 |
22.030 |
|
|
TOTAL IMPORTS |
49.921 |
48.316 |
33.771 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
39.19 |
26.29 |
47.02 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
18.72 |
15.72 |
22.74 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
27.28 |
24.06 |
32.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
29.46 |
29.48 |
45.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.42 |
0.41 |
0.61 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.23 |
0.33 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.49 |
1.99 |
1.82 |
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating, if available |
No |
PERFORMANCE ANALYSIS
During the period the sales turnover has shown 25.46% of growth and profit after tax 48.92% of growth corresponding to the previous year.
CONTINGENT
LIABILITIES:
(Rs. In Millions)
|
Particular |
31.03.2013 |
31.03.2012 |
|
Foreign Bills discounted (since realised) |
19.939 |
19.922 |
|
Guarantees |
7.051 |
2.863 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10428595 |
10/04/2013 |
30,000,000.00 |
STATE BANK OF TRAVANCORE |
CATHOLIC CENTER, RAILWAY STATION ROAD, ALUVA, KERALA - 683101, INDIA |
B76046671 |
|
2 |
10406532 |
29/01/2013 |
20,000,000.00 |
THE FEDERAL BANK LIMITED |
ALUVA JUNCTION BRANCH, FEDERAL HEIGHTS, BYE PASS JUNCTION, ALUVA, KERALA - 683101, INDIA |
B69006799 |
|
3 |
10340998 |
22/02/2012 |
15,000,000.00 |
Department of Biotechnology |
BLOCK 2, CGO COMPLEX, LODHI ROAD, NEW DELHI, DELHI - 110003, INDIA |
B34501593 |
|
4 |
10290018 |
18/04/2011 |
31,800,000.00 |
STATE BANK OF TRAVANCORE |
CATHOLIC CENTER, RAILWAY STATION ROAD, ALUVA, KERALA - 683101, INDIA |
B14213854 |
|
5 |
10161868 |
14/05/2009 |
15,000,000.00 |
STATE BANK OF TRAVANCORE |
CATHOLIC CENTRE, RAILWAY STATION ROAD, ALUVA, KERALA - 683101, INDIA |
A63706188 |
|
6 |
10096582 |
24/03/2008 |
5,500,000.00 |
STATE BANK OF TRAVANCORE |
CATHOLIC CENTRE, RAILWAY STATION ROAD, ALUVA, KERALA - 683101, INDIA |
A35713197 |
|
7 |
10096578 |
24/01/2008 |
12,500,000.00 |
STATE BANK OF TRAVANCORE |
CATHOLIC CENTRE, RAILWAY STATION ROAD, ALUVA, KERALA - 683101, INDIA |
A35713023 |
|
8 |
90024229 |
28/03/2005 |
6,400,000.00 |
STATE BANK OF TRAVANCORE |
RAILWAY STATION ROAD, ALUVA, TAMILNADU - 683101, INDIA |
- |
|
9 |
90024097 |
07/08/2002 |
2,400,000.00 |
STATE BANK OF TRAVANCORE |
CATHOLIC CENTRE RAILWAY STATION ROAD, STATION ROA D, ALUVA, TAMILNADU - 683101, INDIA |
- |
|
10 |
90023820 |
10/04/2013 * |
138,000,000.00 |
STATE BANK OF TRAVANCORE |
CATHOLIC CENTER, RAILWAY STATION ROAD, ALUVA, KERALA - 683101, INDIA |
B76047844 |
* Date of charge modification
FIXED ASSETS
Tangible Assets :
· Land
· Buildings
· Plant and Equipments
· Furniture and Fittings
· Vehicles
· Office Equipment
Intangible Assets:
· 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 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.61.63 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
VRN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
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.