MIRA INFORM REPORT
|
Report Date : |
26.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
RUPAREL PLASTICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
43-44, Industrial Plot, Opposite Station Road, Mahuva, Bhavnagar –
364290, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
27.05.1981 |
|
|
|
|
Com. Reg. No.: |
004395 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.14.750 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ1981PTC004395 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing of mono plastics ropes and twines. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 155000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Profitability of the company is low. However, trade relation are fair. Business is active. Payment terms
are slow but correct. The company can be considered for the business dealing 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
State-run banks hired nearly
300000 personnel including more than 94000 officers in the last four years, according
to the Indian Banks Association. A study by trade lobby Assocham in September
2013 indicated that banks would need 800000 people in the next six years. It
estimated that state-run lenders alone would hire 50000 people in 2013/14.
The Competition Commission of
India plans to issue final orders within a broad time-frame of one year in
matters where it decides to carry out detailed investigations. The number of
complaints received by the watchdog which keeps tabs on unfair trade practices
in the marketplace.
The government has detected
custom tax evasion totaling around Rs 37920 mn in 14 states until December.
Maharashtra topped the list of Rs 14190 mn followed by Andhra Pradesh at Rs 8140
mn, Gujarat Rs 5240 mn, Karnataka Rs 1670 mn and Tamilnadu Rs 1610 mn.
Connaught Place in New Delhi
slipped four notches to become the world’s eighth most expensive office
locations. London’s West End is the world’s most expensive office market.
There are 4.072 mn number of
high value spenders under the scanner of the income tax department. The income
tax department has information that they have made cash deposits announcing to
Rs 1 mn or more in their savings bank accounts in the current financial year.
It plans to check potential evasion before the closing of the financial year on
March 31.
Estimated pharmaceutical sales
in the country for 2016 is $ 27 bn. It is 14.4 per cent higher than a year ago.
The life sciences and health care industry is up against challenges such as
quality management, says a recent Deloitte report.
The gross non-performing assets
of listed banks rose 35.2 % to Rs 2.43 lakh crore during the first three months
of the financial year. In absolute terms, the 40 listed banks added Rs 3386
crore to their gross NPAs in nine months with the State Bank of India leading
with the State Bank of India leading with an accretion of Rs 16610 crore.
The inflow of smuggled gold
doubled in 2013 following restrictions to curb the supply from official
channels to contain the current account deficit. China surpassed India in the
demand for gold for the first time in 2013 due to liberalization of gold
trading norms by its local governments.
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. Pankaj Ruparel |
|
Designation : |
Director |
|
Contact No.: |
91-9898908651 |
|
Date : |
01.03.2014 |
LOCATIONS
|
Registered Office / Factory: |
43, Industrial Plot, Opposite Station Road, Mahuva, Bhavnagar –
364290, Gujarat, India |
|
Tel. No.: |
91-2844-222852 |
|
Mobile No.: |
91-9898908651 / 9898026817 (Mr. Pankaj Ruparel) |
|
Fax No.: |
Not available |
|
E-Mail : |
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|
Website : |
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|
Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Ranchhoddas Kikabhai Ruparel |
|
Designation : |
Director |
|
Address : |
15 Sarvodaya Society, Behind Gandhi Gaug, Mahuva, Bhavnagar – 364290,
Gujarat, India |
|
Date of Appointment : |
19.04.1989 |
|
Voter ID No.: |
00077543 |
|
|
|
|
Name : |
Mr. Pankajkumar Ranchhoddas Ruparel |
|
Designation : |
Director |
|
Address : |
15 Sarvodaya Society, Behind Gandhi Gaug, Mahuva, Bhavnagar – 364290,
Gujarat, India |
|
Date of Appointment : |
27.05.1981 |
|
Voter ID No.: |
00077676 |
|
|
|
|
Name : |
Mr. Vishal Pankajkumar Ruparel |
|
Designation : |
Director |
|
Address : |
15 Sarvodaya Society, Behind Gandhi Gaug, Mahuva, Bhavnagar – 364290,
Gujarat, India |
|
Date of Appointment : |
25.09.2005 |
|
Voter ID No.: |
00077767 |
|
|
|
|
Name : |
Mr. Shyam Pankajbhai Ruparel |
|
Designation : |
Director |
|
Address : |
15 Sarvodaya Society, Behind Gandhi Gaug, Mahuva, Bhavnagar – 364290,
Gujarat, India |
|
Date of Appointment : |
15.06.2007 |
|
Voter ID No.: |
01558313 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Name
of Shareholders |
No.
of Shares |
%age |
|
|
65,000 |
44.07 |
|
|
24,637 |
16.70 |
|
Kusumben Ranchhoddas Ruparel |
22,795 |
15.45 |
|
VishalPankajkumarRupare1 |
459 |
0.31 |
|
Shyam Pankaj kurnar Ruparel |
500 |
0.34 |
|
Rekhaben Pankajkumar Ruparel |
833 |
0.56 |
|
Jayprakasbhai Prataprai
Ruparel |
7,650 |
5.19 |
|
Hinaben Jayprakashbhai Ruparel |
10,000 |
6.78 |
|
Ruparel Nets Private Limited,
India |
5,000 |
3.39 |
|
Rupa Weave Private Limited,
India |
10,000 |
6.78 |
|
|
630 |
0.43 |
|
Total |
147,504 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
10.17 |
|
Directors or relatives of Directors |
89.83 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of mono plastics ropes and twines. |
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|
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Depend |
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Purchasing : |
Depend |
GENERAL INFORMATION
|
Customers : |
Wholesaler and Retailers |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
NOTE : LONG TERM
BORROWINGS NATURE OF SECURITY : 1. Equitable
morlgage of immovable properlies in the form of factory building, office godown,
etc. situated at Plot No. 41, 43, 44, Industrial Estate, Near T.V. Relay
Station, Mahuva 364291, District Bhavnagar. 2. Term loan
from bank is secured by composite hypothecation agreement of plant &
machineries, electrical installation, furniture and fixtures, office
equipment and misc. assets of the company 3. The loan is
secured by personal guarantee of all the directors and Ruparel plastic a
partnership firm 4. Hypothecation
of raw material, work in process, production and packing material, finished
goods etc. for the working capital loan in form of cash credit.
|
|
|
|
|
Banking
Relations : |
--- |
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|
|
|
Auditors : |
|
|
Name : |
Gaudani Associates Chartered Accountants |
|
Address : |
101, Vishal Flats, Opposite Vrindavandham, Mahuva – 364290, Gujarat,
India |
|
PAN No.: |
ACHPG0358A |
|
Tel. No.: |
91-2844-227702 |
|
|
|
|
Enterprises and individual over which key management persinnal exercise significant : |
·
Rupaweave Private Limited ·
Ruparel plastics ·
Ruparel Ropes ·
Ruparel Nets Private Limited ·
Ruparel Cement Private Limited ·
Ruparel Foods Private Limited |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.100/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
147504 |
Equity Shares |
Rs.100/- each |
Rs.14.750 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 |
14.750 |
14.750 |
14.750 |
|
(b) Reserves & Surplus |
23.861 |
23.030 |
22.198 |
|
(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) |
38.611 |
37.780 |
36.948 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
22.673 |
30.211 |
34.617 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
22.673 |
30.211 |
34.617 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
20.124 |
22.005 |
20.743 |
|
(b) Trade payables |
7.480 |
0.701 |
1.619 |
|
(c) Other current liabilities |
1.694 |
0.452 |
0.351 |
|
(d) Short-term provisions |
0.126 |
0.100 |
0.091 |
|
Total
Current Liabilities (4) |
29.424 |
23.258 |
22.804 |
|
|
|
|
|
|
TOTAL |
90.708 |
91.249 |
94.369 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
44.394 |
49.157 |
56.825 |
|
(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 |
1.331 |
1.291 |
1.076 |
|
(c) Deferred tax assets (net) |
0.780 |
0.443 |
0.000 |
|
(d) Long-term Loan and Advances |
2.179 |
1.708 |
1.737 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.458 |
|
Total
Non-Current Assets |
48.684 |
52.599 |
60.096 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
24.210 |
21.903 |
22.410 |
|
(c) Trade receivables |
12.904 |
9.200 |
4.239 |
|
(d) Cash and cash equivalents |
0.962 |
0.760 |
0.726 |
|
(e) Short-term loans and
advances |
3.948 |
6.787 |
6.898 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
42.024 |
38.650 |
34.273 |
|
|
|
|
|
|
TOTAL |
90.708 |
91.249 |
94.369 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
|
235.031 |
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
255.253 |
235.031 |
200.814 |
|
|
|
|
|
|
|
Less |
EXPENSES |
241.320 |
218.598 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
13.933 |
16.433 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
5.591 |
7.562 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
8.342 |
8.871 |
NA |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
7.067 |
7.827 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
1.275 |
1.044 |
|
|
|
|
|
|
|
|
Less |
TAX |
0.444 |
0.212 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
0.831 |
0.832 |
0.230 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
46.093 |
40.263 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
5.63 |
5.64 |
1.56 |
Expected Sales ( 2013-2014 ) : Rs.300.000 Millions
The above information has been parted by Mr. Pankaj Ruparel (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.33
|
0.35 |
0.11 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.44
|
1.17 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03
|
0.03 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.11
|
1.38 |
1.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.43
|
1.66 |
1.50 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
14.750 |
14.750 |
14.750 |
|
Reserves & Surplus |
22.198 |
23.030 |
23.861 |
|
Net
worth |
36.948 |
37.780 |
38.611 |
|
|
|
|
|
|
long-term borrowings |
34.617 |
30.211 |
22.673 |
|
Short term borrowings |
20.743 |
22.005 |
20.124 |
|
Total
borrowings |
55.360 |
52.216 |
42.797 |
|
Debt/Equity
ratio |
1.498 |
1.382 |
1.108 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
200.814 |
235.031 |
255.253 |
|
|
|
17.039 |
8.604 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(INR
in Mlns) |
(INR
in Mlns) |
(INR
in Mlns) |
|
Total Income |
200.814 |
235.031 |
255.253 |
|
Profit After Tax |
0.230 |
0.832 |
0.831 |
|
|
0.11% |
0.35% |
0.33% |
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% |
No |
|
14] |
Estimation
for coming financial year |
Yes |
|
15] |
Capital
in the business |
Yes |
|
16] |
Details
of sister concerns |
No |
|
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 |
No |
|
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 |
VIEW INDEX OF CHARGES
.
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10068745 |
30/01/2013 * |
75,000,000.00 |
STATE BANK OF
INDIA |
MAHUVA BRANCH,
OPP MEGHDOOT CINEMA, MAHUVA, Gujar |
B68856202 |
|
2 |
80036677 |
04/09/1996 * |
15,000,000.00 |
STATE BANK OF
INDIA |
MAHUVA BRANCH,,
DIST. BHAVNAGAR, MAHUVA, Gujarat |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Unsecured |
14.877 |
14.501 |
|
|
|
|
|
Total |
14.877 |
14.501 |
BACKGROUND
Ruparel Plastic
Private Limited is engaged in the business of manufacturing of mono plastics
ropes and twines. The Company has manufacturing facility located in 43 -44.
Industrial Plot. Mahuva.
FIXED ASSETS
- Building
- Plant and
Machinery
- Furniture and
Fixture
- Xerox Machine
- Air
Conditioner
- Computer
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.60.49 |
|
|
1 |
Rs.99.77 |
|
Euro |
1 |
Rs.83.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.