MIRA
INFORM REPORT
|
Report Date : |
10.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
KARANI PAPERS |
|
|
|
|
Registered Office
: |
Shop No. 2, 20/24, Mohammed Sakar Marg, Channa Road, Fort, Mumbai
– 400001, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Year of
Establishment : |
1992 |
|
|
|
|
Capital
Investment : |
Rs. 14.265 Millions |
|
|
|
|
TIN No.: |
27080006403 |
|
|
|
|
IEC No.: |
0394032772 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAAFK7154K |
|
|
|
|
Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners |
|
|
|
|
Line of Business
: |
Distributor, Importer and Stockist of Paper
and Boards, Label Paper, Coated Paper, Printing Paper. |
|
|
|
|
No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 57000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having satisfactory
track record. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern can be considered 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
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. Laxmichand Virji
Karani |
|
Designation : |
Partner |
|
Contact No.: |
91-9820070374 |
|
Date : |
11.01.2014 |
LOCATIONS
|
Registered Office : |
Shop No. 2, 20/24, Mohammed Sakar Marg, Channa Road, Fort, Mumbai
– 400001, Maharashtra, India |
|
Tel. No.: |
91-22-22657232/ 22657232/ 22625552 |
|
Mobile No.: |
91-9820070374 (Mr. Laxmichand Virji Karani ) |
|
Fax No.: |
91-22-66348159 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse : |
Dedia Builders, Desoza
Compound, Near Broadways Cinema, Puma Village, Bhiwandi,
Maharashtra, India. |
PARTNERS
|
Name : |
Mr. Laxmichand Virji
Karani |
|
Designation : |
Partner |
|
Date of Birth/Age : |
54 Years |
|
Qualification : |
B. Com |
|
Voter ID : |
HPK0211425 |
|
|
|
|
Name : |
Ms. Foram Rahul
Shah |
|
Designation : |
Partner |
|
Date of Birth/Age : |
30 Years |
|
Qualification : |
MBA |
|
Voter ID : |
IYV3046208 |
BUSINESS DETAILS
|
Line of Business : |
Distributor, Importer and Stockist of Paper
and Boards, Label Paper, Coated Paper, Printing Paper. |
|
|
|
|
Imports : |
|
|
Products : |
Paper and Boards, Label Paper, Coated Paper, Printing Paper, etc. |
|
Countries : |
· France USA UK Germany China Austria Finland Indonesia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
· Mulchand Lalaji and Company, Mumbai Mr. Hitesh Shah, Partner Tel No.: 91-22-22617272 · MLM India Limited, Delhi Mr. Sanjay Jain/ Mr. Saurabh Jain, Director Tel No.: 91-11-46449999 |
|
|
|
|
Customers : |
End Users ·
Dee Dee Label, Bombay Mr. Kishore Karani, Partner Tel No.: 91-9930305102 · Jalad Enterprise, Bombay Mr. Chetan, Partner Tel No.: 91-9324245665 |
|
|
|
|
No. of Employees : |
12 (Approximately) |
|
|
|
|
Bankers : |
· Abhudaya Cooperative Bank Limited Fort, Mumbai, Maharashtra, India Tel No.: 91-22-22650149/
22651690 (Mr. Narula) Banker Report: Satisfactory
Report · ICICI Bank Limited Fort, Mumbai, Maharashtra, India Banker Report: Regular Payments ·
The Cosmos Cooperative Bank Limited |
|
|
|
|
Facilities : |
Cash Credit – Rs. 5.000 Millions (From Abhudaya Cooperative Bank Limited) |
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.L. Nagda and Company Chartered Accountants |
|
Address : |
Fort, Mumbai, Maharashtra, India |
CAPITAL STRUCTURE
PARTNERS
CAPITAL ACCOUNT
LAXMICHAND
KARANI’S CAPITAL ACOOUNT
|
Particulars |
31.03.2013 Rs. In Million |
Particulars |
31.03.2013 Rs. In Million |
|
|
|
|
|
|
Car Insurance |
0.003 |
Opening Dr. Balance |
6.965 |
|
Income Tax |
0.359 |
Interest |
0.847 |
|
Gas Expenses |
0.001 |
Remuneration |
2.697 |
|
Advance Tax |
0.250 |
Share of Profit |
1.678 |
|
Mediclaim |
0.025 |
|
|
|
Doller Purchased |
0.117 |
|
|
|
Share of Advance Tax |
0.160 |
|
|
|
Share of
Income Tax |
0.127 |
|
|
|
|
|
|
|
|
Closing Dr. Balance |
11.145 |
|
|
|
|
|
|
|
|
Total |
12.187 |
|
12.187 |
FORAM RAHUL SHAH’S
CAPITAL ACOOUNT
|
Particulars |
31.03.2013 Rs. In Million |
Particulars |
31.03.2013 Rs. In Million |
|
|
|
|
|
|
Share of Income Tax |
0.031 |
Opening Dr. Balance |
1.950 |
|
Share of Advance Tax |
0.040 |
Interest |
0.237 |
|
Advance Tax |
0.040 |
Remuneration |
0.674 |
|
Income Tax |
0.050 |
Share of Profit |
0.420 |
|
|
|
|
|
|
Closing Dr. Balance |
3.120 |
|
|
|
|
|
|
|
|
|
3.281 |
|
3.281 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
14.265 |
8.915 |
6.122 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
14.265 |
8.915 |
6.122 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
53.286 |
63.126 |
32.371 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
53.286 |
63.126 |
32.371 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
67.551 |
72.040 |
38.493 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.530 |
0.609 |
0.123 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.195 |
0.195 |
0.188 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
47.613
|
38.465
|
25.193
|
|
|
Sundry Debtors |
51.484
|
37.832
|
23.823
|
|
|
Cash & Bank Balances |
0.070
|
0.268
|
0.712
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
0.850
|
0.275
|
0.275
|
|
Total
Current Assets |
100.017
|
76.840
|
50.003
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
22.539
|
(5.765)
|
9.520
|
|
|
Other Current Liabilities |
10.652
|
11.369
|
2.301
|
|
|
Provisions |
0.000
|
0.000
|
0.000
|
|
Total
Current Liabilities |
33.191
|
5.604
|
11.821
|
|
|
Net Current Assets |
66.826
|
71.236
|
38.182
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
67.551 |
72.040 |
38.493 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
226.824 |
183.555 |
89.765 |
|
|
|
Other Income |
1.101 |
0.371 |
1.169 |
|
|
|
TOTAL |
227.925 |
183.926 |
90.934 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
169.917 |
142.376 |
70.724 |
|
|
|
Custom Duty |
29.548 |
17.701 |
7.156 |
|
|
|
Clearing and Forwarding Charges |
4.516 |
3.293 |
0.835 |
|
|
|
Freight/ Octroi |
0.214 |
0.087 |
0.102 |
|
|
|
Transport Charges |
2.248 |
1.940 |
0.382 |
|
|
|
Cutting Expenses |
0.101 |
0.304 |
0.224 |
|
|
|
Interest on Custom Duty |
0.404 |
0.100 |
0.000 |
|
|
|
Accounting Charges |
0.060 |
0.060 |
0.030 |
|
|
|
Advertisement Expenses |
0.012 |
0.002 |
0.072 |
|
|
|
Agency Charges |
0.467 |
0.587 |
0.223 |
|
|
|
Bank Charges |
0.054 |
0.020 |
0.009 |
|
|
|
Bad Debts |
0.349 |
0.381 |
0.000 |
|
|
|
Bank Interest |
0.485 |
0.371 |
0.464 |
|
|
|
Bonus and Leave Salary |
0.175 |
0.172 |
0.088 |
|
|
|
Conveyance Expenses |
0.128 |
0.099 |
0.033 |
|
|
|
Commission |
0.000 |
0.000 |
0.192 |
|
|
|
Commission on Purchase |
0.067 |
1.041 |
0.000 |
|
|
|
Commission on Sales |
0.995 |
0.726 |
0.000 |
|
|
|
Discount Allowed |
0.011 |
0.000 |
0.007 |
|
|
|
Discount |
0.230 |
0.000 |
0.031 |
|
|
|
Excise Consulting Charges |
0.000 |
0.010 |
0.010 |
|
|
|
Electricity Expenses |
0.073 |
0.056 |
0.034 |
|
|
|
Exchange Rate Diff. |
0.000 |
0.588 |
0.000 |
|
|
|
Goods Damage Loss |
0.000 |
0.209 |
0.000 |
|
|
|
General Expenses |
0.295 |
0.103 |
0.202 |
|
|
|
Godown Rent |
1.097 |
1.077 |
1.076 |
|
|
|
Hel Majuri |
0.150 |
0.171 |
0.257 |
|
|
|
Insurance Charges |
0.265 |
0.352 |
0.174 |
|
|
|
Interest on Late Payment of High |
0.000 |
0.769 |
0.000 |
|
|
|
Interest |
6.771 |
5.475 |
3.635 |
|
|
|
Internet Expenses |
0.041 |
0.001 |
0.000 |
|
|
|
Loading and Unloading A/c. |
0.928 |
0.511 |
0.245 |
|
|
|
License Fees |
0.007 |
0.008 |
0.018 |
|
|
|
Life Insurance A/c. |
0.143 |
0.143 |
0.143 |
|
|
|
Meeting Fee |
0.007 |
0.000 |
0.000 |
|
|
|
Membership Fees |
0.004 |
0.055 |
0.001 |
|
|
|
Postage and Stationery |
0.017 |
0.021 |
0.027 |
|
|
|
Professional Fees |
0.107 |
0.072 |
0.066 |
|
|
|
Petrol Expenses |
0.106 |
0.043 |
0.035 |
|
|
|
Profession Tax |
0.021 |
0.017 |
0.011 |
|
|
|
Printing and Stationary Expenses |
0.034 |
0.036 |
0.027 |
|
|
|
Refreshment Expenses |
0.072 |
0.061 |
0.046 |
|
|
|
Salary |
1.026 |
0.947 |
0.663 |
|
|
|
Software Charges |
0.005 |
0.003 |
0.003 |
|
|
|
Shop Rent |
0.030 |
0.030 |
0.030 |
|
|
|
Surveyours Fees |
0.000 |
0.000 |
0.003 |
|
|
|
Telephone Expenses |
0.087 |
0.128 |
0.108 |
|
|
|
Miscellaneous |
0.000 |
0.000 |
0.003 |
|
|
|
TOTAL |
221.267 |
180.146 |
87.389 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
6.658 |
3.780 |
3.545 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.105 |
0.076 |
0.043 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
6.553 |
3.704 |
3.502 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
2.88
|
2.01 |
3.85 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.89
|
2.02 |
3.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.52
|
4.78 |
6.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46
|
0.42 |
0.57 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.74
|
7.08 |
5.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.01
|
13.71 |
4.23 |
Expected Sales (2013-2014) : Rs. 230.000
Millions
The above information has been parted by Mr. Laxmichand
Karani (Partner)
Note: Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
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 |
6.122 |
8.915 |
14.265 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
6.122 |
8.915 |
14.265 |
|
|
|
|
|
|
long-term borrowings |
32.371 |
63.126 |
53.286 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
32.371 |
63.126 |
53.286 |
|
Debt/Equity
ratio |
5.288 |
7.081 |
3.735 |
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 |
89.765 |
183.555 |
226.824 |
|
|
|
104.484 |
23.573 |
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 |
89.765 |
183.555 |
226.824 |
|
Profit |
3.502 |
3.704 |
6.553 |
|
|
3.90% |
2.02% |
2.89% |
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 |
Yes |
|
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 |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
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 |
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.60.05 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.83.07 |
INFORMATION DETAILS
|
Information Gathered
by : |
HNA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
46 |
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.