MIRA INFORM REPORT
|
Report Date : |
08.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
OM ORGANIC COTTON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Word No.6, Kantabanji, At- Kurli, P. O. Chatuanka – 767039, Odisha |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
06.10.2008 |
|
|
|
|
Com. Reg. No.: |
15-010362 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.9.362 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17200OR2008PTC010362 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BBNO01665G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO1971A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Lint Cotton, Full Pressed Cotton and
Cotton Seed. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
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 81600 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Rating reflects moderate financial risk profile due to low
profitability. However, trade relations are fair. Business is active. Payment terms
are slow but correct. The company can be considered for 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 – 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
US investment bank
Goldman Sachs has upgraded its outlook on Indian markets as it expects
positive impact of the election cycle.
India’s economy may grow
4.7 % in the current financial year, lower than the official estimate of 4.9 %,
Fitch Rating said. The global rating agency expects the economy to pick up in
the next two financial years.
Global ratings
agency Standard & Poor said increasing focus by India Inc on lowering debt
is likely to improve their credit profiles.
Singapore (1.1
million Indian tourists in 2012), Thailand (one million), the United Arab
Emirates ().98 million) and Malaysia ().82 million) emerged as the preferred
holidays hotspots for Indians. The total figure is expected to increase to 1.93
million by 2017, according to the latest Eurmonitor international report.
There is a $29.34 bn
outward foreign direct investment by domestic companies between April and
January of 2013/14 which has seen some signs of recovery according to a Care
Ratings report.
There are 264 number
of new companies being set up every day on average during 2014. Most of them
are registered in Mumbai. India had 1.38 million registered companies at the
end of January, 2014.
Twitter like
messaging service Weibo Corporation has filed to raise $ 500 million via a US
initial public offering. Alibaba, which owns a stake in Weibo is expected to
raise about $ 15 billion New York this year in the highest profile Internet IPO
since Facebook’s in 2012.
Bharti Airtel has
raised Rs.2,453.2 crore (350 million Swiss Francs) by selling six-year bonds at
a coupon rate of three per cent and maturing in 2020. This is the largest ever
bond offering by an Indian company in Swiss Francs. Bharat Petroleum
Corporation raised 175 million Swiss Francs by selling five year bonds at 2.98
% coupon rate in February.
Indian Oil
Corporation plans to invest Rs 7650 crore in setting up a petrochemical complex
at its almost complete Paradip refinery in Odhisha in three to four years. The
company board is set to consider the setting up of a 700000 tonne per annum
polypropylene plant at an estimated cost at Rs.3150 crore.
Global chief
information officers at gathering in Bangalore in April to meet Indian startups
at an event called Tech50 Watchout for Little Eye Labs-Facebook type deals in
the making.
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. Anil Kumar Agrawal |
|
Designation : |
Director |
|
Contact No.: |
91-9937038044 |
|
Date : |
08.05.2014 |
LOCATIONS
|
Registered Office/ Factory : |
Word No.6, Kantabanji, At- Kurli, P. O. Chatuanka – 767039, Odisha, India |
|
Tel. No.: |
91-6657-220044 |
|
Mobile No.: |
91-9937038044 (Mr. Anil Kumar Agrawal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on: 30.09.2013
|
Name : |
Mr. Anil Kumar Agrawal |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
Bolangir Road, Near Girls High School, Kantabanji – 767039, Orissa,
India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
13.10.1967 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
01.11.2009 |
|||||||||||||||||||||||||||
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DIN No.: |
02818651 |
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Other Directorship :
|
||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||
|
Name : |
Mrs. Radha Agrawal |
|||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||
|
Address : |
KBJ Word No.-6, Kantabanji – 767039, Orissa, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
03.03.1971 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
06.10.2008 |
|||||||||||||||||||||||||||
|
DIN No.: |
02344143 |
|||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Anil Kumar Agrawal |
|
155050 |
|
Radha Agrawal |
|
25000 |
|
Anu Bansal |
|
14650 |
|
Arun Bansal |
|
14650 |
|
Ashok Bansal |
|
14650 |
|
B. L. Sharma and Sons |
|
13400 |
|
Chajuram Sharma |
|
30750 |
|
Dinesh Agarwal |
|
15000 |
|
Lalita Mishra |
|
10000 |
|
Manju Mishra |
|
15000 |
|
Nabin Mishra |
|
15000 |
|
Pooja Sharma |
|
35000 |
|
Pyarelal Jangda |
|
29750 |
|
Radheshyam Agarwal |
|
26400 |
|
Saroj Devi Sharma |
|
40000 |
|
Anil Kumar Agrawal HUF |
|
47500 |
|
Debki Devi Jain |
|
45000 |
|
Manta Jain |
|
20000 |
|
Meghraj Jain, BGM |
|
28900 |
|
Punam Chand Jain |
|
27200 |
|
Shankar Lal Jain |
|
12500 |
|
Maganlal Jain HUF |
|
50000 |
|
Maganlal Jain |
|
40800 |
|
Anant Ram Agrawal |
|
200000 |
|
|
|
|
|
Total |
|
926200 |
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 and Exporter of Lint Cotton, Full Pressed Cotton and
Cotton Seed. |
|
|
|
|
Exports : |
|
|
Products : |
Cotton |
|
Countries : |
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|
|
|
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Imports : |
|
|
Products : |
Raw Materials |
|
Countries : |
China |
|
|
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Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
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Purchasing : |
Cash, L/C and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|
|
|
|
No. of Employees : |
20 (Approximately) |
|
|
|
|
Bankers : |
State Bank of India, At- Kantabanji, Bolangir - 767039, Orissa, India |
|
|
|
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Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khandelwal Sudhir and Associates Chartered Accountants |
|
Address : |
Road No-2, Kantabanji, Bolangir – 767039, Orissa, India |
|
Tel. No.: |
91-6657-220550 |
|
E-Mail : |
|
|
PAN No.: |
AGWPK7719G |
CAPITAL STRUCTURE
As on: 31.03.2013
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 |
|
|
|
|
|
|
936200 |
Equity Shares |
Rs.10/- each |
Rs.9.362 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 |
9.362 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
11.053 |
(0.142) |
(0.731) |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
27.924 |
20.608 |
|
Total
Shareholders’ Funds (1) + (2) |
20.415 |
27.882 |
19.977 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
4.004 |
8.833 |
11.898 |
|
(b) Deferred tax liabilities
(Net) |
0.483 |
0.381 |
0.203 |
|
(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) |
4.487 |
9.214 |
12.101 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
62.227 |
55.362 |
35.274 |
|
(b) Trade payables |
111.218 |
10.013 |
59.785 |
|
(c) Other current liabilities |
0.351 |
0.656 |
1.694 |
|
(d) Short-term provisions |
1.755 |
0.644 |
0.356 |
|
Total
Current Liabilities (4) |
175.551 |
66.675 |
97.109 |
|
|
|
|
|
|
TOTAL |
200.453 |
103.771 |
129.187 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
12.890 |
15.593 |
16.421 |
|
(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 |
0.574 |
0.574 |
1.374 |
|
(e) Other Non-current assets |
0.082 |
0.096 |
0.110 |
|
Total
Non-Current Assets |
13.546 |
16.263 |
17.905 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
167.930 |
68.365 |
98.649 |
|
(c) Trade receivables |
16.174 |
17.212 |
11.491 |
|
(d) Cash and cash equivalents |
0.193 |
0.421 |
0.814 |
|
(e) Short-term loans and
advances |
2.610 |
1.510 |
0.328 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
186.907 |
87.508 |
111.282 |
|
|
|
|
|
|
TOTAL |
200.453 |
103.771 |
129.187 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
344.129 |
464.287 |
208.714 |
|
|
Other Income |
0.000 |
0.133 |
0.015 |
|
|
TOTAL
(A) |
344.129 |
464.420 |
208.729 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
278.948 |
440.557 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
32.181 |
(9.743) |
|
|
|
Employees benefits expense |
3.469 |
2.921 |
|
|
|
Other Manufacturing Expense |
11.607 |
13.204 |
|
|
|
Other expenses |
7.576 |
6.258 |
|
|
|
TOTAL
(B) |
333.781 |
453.197 |
200.582 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
10.348 |
11.223 |
8.147 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.498 |
6.469 |
4.888 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
5.850 |
4.754 |
3.259 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
2.704 |
3.343 |
2.809 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
3.146 |
1.411 |
0.450 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
1.213 |
0.822 |
0.559 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
1.933 |
0.589 |
(0.109) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
(0.142) |
(0.731) |
(0.622) |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
1.791 |
(0.142) |
(0.731) |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.06 |
58.87 |
NA |
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
1000.000 |
|
|
|
|
|
The above information has been parted by Mr. Anil Kumar Agrawal
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.56 |
0.13 |
(0.05) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.91 |
0.30 |
0.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.57 |
1.36 |
0.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.05 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.24 |
2.30 |
2.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.31 |
1.15 |
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 |
0.100 |
0.100 |
9.362 |
|
Reserves & Surplus |
(0.731) |
(0.142) |
11.053 |
|
Net
worth |
(0.631) |
(0.042) |
20.415 |
|
|
|
|
|
|
long-term borrowings |
11.898 |
8.833 |
4.004 |
|
Short term borrowings |
35.274 |
55.362 |
62.227 |
|
Total
borrowings |
47.172 |
64.195 |
66.231 |
|
Debt/Equity
ratio |
(74.758) |
(1,528.452) |
3.244 |
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 |
208.714 |
464.287 |
344.129 |
|
|
|
122.451 |
(25.880) |
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 |
208.714 |
464.287 |
344.129 |
|
Profit |
(0.109) |
0.589 |
1.933 |
|
|
(0.05%) |
0.13% |
0.56% |
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 four 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 |
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 |
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 |
10182378 |
30/03/2013 * |
50,000,000.00 |
State Bank Of India |
KANTABANJI BRANCH, AT/PO-KANTABANJI, BOLANGIR, ORISSA - 767039, INDIA |
B72735798 |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Ginning Mill Plant
- Office Equipments
- Computers
- 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.60.04 |
|
|
1 |
Rs.101.97 |
|
Euro |
1 |
Rs.83.58 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis
Done by : |
SUM |
|
|
|
|
Report
Prepared by : |
VRN |
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 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
-- |
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.