MIRA
INFORM REPORT
|
Report Date : |
19.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
PACIFIC ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot no. N-4, Additional MIDC, Anand Sagar, Ambernath East, Kaylan- 421301 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
12.11.1993 |
|
|
|
|
Com. Reg. No.: |
11-075116 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.949 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1993PTC075116 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Private Limited Liability Company |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating reflects moderate financial risk profile marked by sharp
dip in the profit of the company during 2013, borrowing recorded by the
company seems to be huge and increasing. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. 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.
ECGC Country Risk Classification List – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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
N E W S
The economy grew 4.7 %in 2013/14, marking a second
straight year of sub-5 % growth – the worst slowdown in more than a quarter of
a century. The data was below an official estimate of 4.9 % annual growth and
compared with 4.5 % in the last fiscal year. However, the current account
deficit narrowed sharply to $ 32.4 billion at 1.7 % of gross domestic product,
in 2013/14 from a record high of $ 98.8 billion or 4.7 %, the year before.A sharp fall in gold imports due to restrictions on
overseas purchases and muted import of capital goods helped shrink the current
account deficit.
Online retailer Flipkart
has acquired fashion portal Myntra as it prepares to
battle with the rapidly expanding India arm of the global e-commerce giant
Amazon. The company raised $ 210 million from Russian Investment firm DST Global
which has also invested in companies like Facebook,
Twitter and Alibaba Group.
General Motors will start exporting vehicles
from its Talegaon plant near Pune
in the second half of 2014. GM was one of the few global carmakers that was
using its India plant only for the domestic market.
Google has overtaken Apple as the world’s top
brand in terms of value, according to global market research agency Millward Brown. Google’s brand value shot up 40 % in a year
to $ 158.84 billion. The top 10 of the 100 slots were dominated by US
companies.
Infosys lost another heavy weight when B G Srinivas,
a board member put in his papers. He is the third CEO-hopeful to quit after
Chairman N R Narayana Murthy’s return to the company
– Ashok Vemuri and V Balakrishnan being the other two.While
Vemuri went on to lead IGate,
Balakrishnan joined politics.
Naresh Goyal – promoted Jet Airways posted biggest
quarterly loss – Rs 2153.37 crore
– in the three months ended March 31, mainly because it has been offering
discounts to passengers to fill planes.
William S Pinckney – Chairman and CEO of
Amway India was arrested by the Andhra Pradesh Police in connection with a
complaint against the direct selling firm. This is the second time that he has
been taken into custody. A year, ago the Kerala
Police had arrested Pinckney and two company directors on charges of financial
irregularities.
China has told its state-owned enterprises to
sever links with American consulting firms after the United States charged five
Chinese military officers wih hacking US companies.
China’s action which targets consultancies like McKinsey & Co. and the
Boston Consulting Group, sterns from fears that the first are providing trade
secrets to the US governments.
India has emerged as a country with some of
the highest unregistered businesses in the world. Indonesia has the maximum
number of shadow businesses, says a study of 68 countries by Imperial College
Business School in London.
Pfizer has abandoned its attempt to buy AstraZeneca for nearly $ 118 billion after the latter
refused an offer of 55 pounds a share.
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 (GENERAL DETAILS)
|
Name : |
Ms. Sumada |
|
Designation : |
Sales department |
|
Contact No.: |
91-7498043979 |
|
Date : |
12.07.2014 |
LOCATIONS
|
Registered /Corporate Office/ factory: |
Plot no. N-4, Additional MIDC, Anand Sagar, Ambernath East, Kaylan- 421301, India |
|
Tel. No.: |
91-251-2621525/ 2620464/ 2620415/ 6481209 |
|
Mobile No.: |
91-7498043979 (Ms. Sumada) |
|
Fax No.: |
91-251-2620416 |
|
E-Mail : |
Sales &
Marketing: sales@pacificorganicsltd.com Purchase
Department: purchase@pacificorganicsltd.com HR &
Administration: Accounts & Finance: |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory 1: |
W- 116A, Kharwai, Midc,
Badlapur, Thane- 421503, Maharashtra,
India |
DIRECTORS
As on 30.09.2013
|
Name : |
Nirmala Kansingh Rajpurohit |
|
Designation : |
Director |
|
Address : |
701 Prakash Tower, Shankarrao Chowk, Opp Raja Hotel, Kalyan, Thane- 421301, Maharashtra, India |
|
Date of Birth/Age : |
21.04.1965 |
|
Date of Appointment : |
05.01.1996 |
|
DIN No.: |
00041573 |
|
|
|
|
Name : |
Mr. Kansingh Narpatsingh
Rajpurohit |
|
Designation : |
Director |
|
Address : |
701 Prakash Tower, Shankarrao Chowk, Opp Raja Hotel, Kalyan, Thane- 421301, Maharashtra, India |
|
Date of Birth/Age : |
05.01.1957 |
|
Date of Appointment : |
28.03.1998 |
|
DIN No.: |
00042929 |
|
|
|
|
Name : |
Mr. Rahul Kansingh
Rajpurohit |
|
Designation : |
Director |
|
Address : |
701 Prakash Tower, Shankarrao Chowk, Opp Raja Hotel, Kalyan, Thane- 421301, Maharashtra, India |
|
Date of Birth/Age : |
09.06.1987 |
|
Date of Appointment : |
02.11.2012 |
|
DIN No.: |
06395270 |
|
|
|
|
Name : |
Mr. Satish Raghunath
Patil |
|
Designation : |
Director |
|
Address : |
ROW HOUSE NO.11, ROYAL PARK, NEAR NAVRE NAGAR,
AMBERNATH (E), AMBERNATH, THANE- 421501, Maharashtra,
India |
|
Date of Birth/Age : |
01.06.1973 |
|
Date of Appointment : |
02.11.2012 |
|
DIN No.: |
06395276 |
KEY EXECUTIVES
|
Name : |
Ms. Sumada |
|
Designation : |
Sales department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Nirmala Kansingh Rajpurohit |
244165 |
49.34 |
|
Kansingh Narpat Singh Rajpurohit |
250716 |
50.66 |
|
|
|
|
|
Total |
494881 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Lithium, Compounds, Insulation, Specialty Chemical |
|
|
|
|
Exports : |
|
|
Products : |
Finish Goods |
|
Countries : |
Egypt |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Depend |
|
|
|
|
Purchasing : |
Depend |
GENERAL INFORMATION
|
Suppliers: |
·
Advance chemical ·
Brom India ·
National Tools Center ·
Matrix ·
Jimit Chemical ·
Gandhi Chemical ·
Jai Ambe Trading
company ·
R.K Trader ·
Rubi Chemical ·
S.K Enterprises |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Customers : |
·
Others ·
Atul limited ·
PNR Impex ·
Orbit IPEX ·
Royal Parma ·
Somu and Company ·
TMA International ·
Vamsi Labs Limited ·
Sajjan India Limited |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Bankers : |
· NKGSB Co-Operative Bank Limited, Kalyan West Branch, Vikas Heights, Santoshi Mata Road, Kalyan (West) Thane-421301, Maharashtra, India · Allahabad Bank, Kalyan Branch, Jasraj Commercial Complex, Valipeer Station Road, Kalyan, Thane-421301, Maharashtra, India |
|||||||||||||||||||||
|
|
|
|||||||||||||||||||||
|
Facilities : |
(Rs. In Millions)
|
|
|
|
|
Banking
Relations : |
--- |
|
|
|
|
Auditors : |
|
|
Name : |
Ranka Roongta and
Company Chartered Accountant |
|
Address : |
R/H No. 03, Hill Garden View Society Opposite Tikkuniji,
Ni Wadi, Chitalsar, Manpada, Thane-400607, Maharashtra,
India |
|
PAN No.: |
AAFFR9806A |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
494,881 |
Equity Shares |
Rs.10/- each |
Rs.4.949
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 |
4.949 |
4.949 |
4.949 |
|
(b) Reserves & Surplus |
26.894 |
26.805 |
25.164 |
|
(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) |
31.843 |
31.754 |
30.113 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
130.846 |
87.635 |
45.044 |
|
(b) Deferred tax liabilities (Net) |
0.755 |
0.793 |
0.553 |
|
(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) |
131.601 |
88.428 |
45.597 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
52.719 |
21.986 |
39.092 |
|
(c) Other current
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) Short-term provisions |
3.597 |
2.243 |
5.804 |
|
Total Current Liabilities (4) |
56.316 |
24.229 |
44.896 |
|
|
|
|
|
|
TOTAL |
219.760 |
144.411 |
120.606 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
45.456 |
50.935 |
44.769 |
|
(ii) Intangible Assets |
0.499 |
0.499 |
0.499 |
|
(iii) Capital
work-in-progress |
8.952 |
3.394 |
1.516 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.500 |
0.510 |
0.010 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.841 |
0.898 |
0.412 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
56.248 |
56.236 |
47.206 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
35.068 |
38.389 |
23.751 |
|
(c) Trade receivables |
37.199 |
23.689 |
32.396 |
|
(d) Cash and cash
equivalents |
9.725 |
11.585 |
6.722 |
|
(e) Short-term loans and
advances |
4.453 |
4.416 |
10.531 |
|
(f) Other current assets |
77.067 |
10.096 |
0.000 |
|
Total Current Assets |
163.512 |
88.175 |
73.400 |
|
|
|
|
|
|
TOTAL |
219.760 |
144.411 |
120.606 |
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
|
Income |
267.364 |
219.663 |
129.975 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.956 |
9.317 |
21.780 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
6.485 |
6.196 |
5.078 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.471 |
3.121 |
16.702 |
|
|
|
|
|
|
|
|
TAX |
0.382 |
1.479 |
2.649 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.089 |
1.642 |
14.053 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.18 |
- |
- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.08 |
2.22 |
14.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.10 |
0.55 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.11 |
2.76 |
1.50 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.90 |
3.64 |
1.63 |
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 |
4.949 |
4.949 |
4.949 |
|
Reserves & Surplus |
25.164 |
26.805 |
26.894 |
|
Net
worth |
30.113 |
31.754 |
31.843 |
|
|
|
|
|
|
long-term borrowings |
45.044 |
87.635 |
130.846 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
45.044 |
87.635 |
130.846 |
|
Debt/Equity
ratio |
1.496 |
2.760 |
4.109 |
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) |
|
Sales |
129.975 |
219.663 |
267.364 |
|
|
|
69.004 |
21.716 |
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 |
129.975 |
219.663 |
267.364 |
|
Profit |
14.053 |
1.642 |
0.089 |
|
|
10.81% |
0.75% |
0.03% |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10341758 |
27/04/2012 * |
55,000,000.00 |
NKGSB CO-OPERATIVE BANK LIMITED |
KALYAN WEST BRANCH, VIKAS HEIGHTS,, SANTOSHI MATA |
B39766886 |
* Date of charge modification
UNSECURED LOAN
(In
Millions)
|
Particulars |
As
on 31.03.2013 |
As
on 31.03.2012 |
|
Long term
borrowing: |
|
|
|
Loan from directors |
|
|
|
Kansingh S Rajpurohit |
21.495 |
11.429 |
|
Nirmala K Rajpurohit |
26.876 |
22.645 |
|
From relatives of Director: |
|
|
|
Kansingh S Rajpurohit (
HUF) |
26.450 |
22.650 |
|
Rahool Rajpurohit |
7.436 |
6.600 |
|
Sheha Rajpurohit |
0.849 |
0.450 |
|
Amritsingh Rajpurohit |
2.500 |
- |
|
Hema Rajpurohit |
0.300 |
- |
|
Kunal Rajpurohit |
0.214 |
- |
|
From Others: |
|
|
|
Novelty Guest House |
0.100 |
0.100 |
|
Total |
86.220 |
63.874 |
FIXED ASSETS
·
Air conditioner
·
Car
·
Computers
·
Electrical Equipments
·
Office Equipments
·
Factory shed
·
Furniture and fixture
·
Land
·
Motor cycle
·
Plant and machinery
·
Factory building
·
Lab 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.60.19 |
|
|
1 |
Rs.103.14 |
|
Euro |
1 |
Rs.81.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JGT |
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 |
5 |
|
--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 |
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 |
|
29 |
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.