MIRA
INFORM REPORT
|
Report Date : |
24.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
PARISHI DIAMOND |
|
|
|
|
Registered
Office : |
EC – 2081/82, Bandra Kurla Complex, Bandra (East), Mumbai – 400051, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Year of
Establishment : |
2007 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 886.459 Millions |
|
|
306082624 |
|
IEC No.: |
|
|
|
Not Available |
|
TIN No.: |
|
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJFP2118B |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Cut and Polish Diamonds. |
|
|
|
|
No. of Employees
: |
250 (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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern having satisfactory
track record. Overall financial position of the concern is decent. Trade relation are fair. Business is active. Payment terms reported to
be usually correct. The concern can be considered for business dealing at usual trade
terms and condition. |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
|
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
Verdict Implications
: Apex court order may alter coal import dynamics. Traders go slow on talks
over coal supply contracts, uncertainty over cancellation of blocks weigh on
stocks.
Recent arrest of the
Chennai head of the Registrar of Companies, the ministry of corporate affairs
arm that ensures that companies file all the information required by the
Companies Act is the latest manifestation of a messy fight between a father and
his adopted son for the control of Rs 40000 mn business empire. The Central
Bureau of Investigation arrested Manumeethi Cholan after he accepted Rs 10
lakhs as bribe from M A M Ramaswamy, a CBI official said.
Central Bureau of Investigation
books Electrotherm for cheating Central Bank of Rs 4360 mn.
Infosys maintains
revenue guidance. COO Rao says attrition still an area of concern and it would
take a few more quarters to bring down levels to 13-15 %.
DHL to invest
Euro 100 mn in India over next 2 years. The firm has chosen India to pilot its
e-commerce business model for the Asia-Pacific region.
Blackstone may buy
stake in BlueRidge SEZ in line with the fund’s real estate strategy in India.
Kingfisher Airlines
Ltd grounded in October 2012 under the weight of heavy debt and accumulated
losses, recently approached the Delhi high court for relief in two separate
cases. The airline challenged a notice by Punjab & National Bank alleging
that It had wilfully defaulted on Rs 7700 mn of loans and sought more time to
comply with the requirements under the listing agreements with the Stock
Exchanges.
OnMobile likely to
sack another 300 employees. The lay-offs follow a spate of senior-level exits
over the past two years, starting with of its founder. The overall lay-offs
could number around 600 and are driven by the need to cut costs, says a former
employee.
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Sandip |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-40045257 |
|
Date : |
21.11.2014 |
LOCATIONS
|
Registered Office : |
EC – 2081/82, Bandra Kurla Complex, bandra (East), Mumbai – 400051,
Maharashtra, India |
|
Tel. No.: |
91-91-22-43436262/ 40045256/ 57 |
|
Mobile No.: |
91-9757298254 (Mr. Sandeep) |
|
Fax No.: |
91-22-43436262 |
|
E-Mail : |
|
|
Area : |
1200 Sq. Ft. |
|
Location : |
Leased |
|
|
|
|
Factory : |
202, Gangotri Tower, Gotalawadi, Mahindrapura, Surat, Gujarat, India |
|
Tel. No.: |
91-261-2532443 |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Nikhil C. Shah |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Jigar K. Shah |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Adarsh Kanubhai Shah |
|
Designation : |
Partner |
|
|
|
|
Name : |
Mr. Samir Kanubhai Shah |
|
Designation : |
Partner |
|
Address : |
7/C, Kunthunath Apartment, Near Sshopping Centre, Umra Jakat Naka, Surat,
Gujarat, India |
|
PAN No.: |
AATHS0729P |
KEY EXECUTIVES
|
Name : |
Mr. Sandip |
|
Designation : |
Account Manager |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Cut and Polish Diamonds. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
·
Polish Diamonds |
|
Countries : |
·
Hongkong ·
Israel ·
Dubai |
|
|
|
|
Imports : |
|
|
Products : |
·
Rough Diamonds |
|
Countries : |
·
Belgium |
|
|
|
|
Terms : |
|
|
Selling : |
L\C and Credit |
|
|
|
|
Purchasing : |
L\C and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Shrenuj NV, Belgium |
|
|
|
|
Customers : |
·
Angel Star HK Limited, Hongkong |
|
|
|
|
No. of Employees : |
250 (Approximately) |
|
|
|
|
Bankers : |
·
Indusind Bank Limited, Opera House, Mumbai,
Maharashtra, India ·
Bank of Baroda, Opera House, Mumbai, Maharashtra,
India ·
Ratnakar Bank Limited, Fort, Mumbai, Maharashtra,
India ·
Indusind Bank Limited, Surat Branch, Gujarat,
India ·
Bank of Baroda, Surat Branch, Gujarat, India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Ramesh D. Sha and Company Chartered Accountants |
|
Address : |
203, Laxmi Villa, Opposite Kala Hanuman Temple, M. G. Road, Kandivali
(West), Mumbai – 400067, Maharashtra, India |
|
Tel No.: |
91-22-28618386/ 28618398 |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on: 31.03.2014
|
Capital Investment : |
|
|
Owned : |
Rs. 886.459
Millions |
|
Borrowed : |
-- |
|
Total : |
Rs. 886.459
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
886.459 |
760.056 |
272.772 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
886.459 |
760.056 |
272.772 |
|
|
NETWORTH |
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
112.432 |
54.390 |
101.549 |
|
|
2] Unsecured Loans |
13.734 |
13.694 |
81.443 |
|
|
TOTAL BORROWING |
126.166 |
68.084 |
182.992 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1012.625 |
828.140 |
455.764 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
75.941 |
79.975 |
35.319 |
|
|
Capital work-in-progress |
28.371 |
8.538 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
8.574 |
5.000 |
20.985 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000 |
0.000 |
|
|
Sundry Debtors |
819.519
|
465.377 |
237.420 |
|
|
Cash & Bank Balances |
35.011
|
49.350 |
73.789 |
|
|
Other Current Assets |
1631.514
|
1416.141 |
847.820 |
|
|
Loans & Advances |
8.076
|
5.869 |
5.282 |
|
Total
Current Assets |
2494.120
|
1936.737 |
1164.311 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1586.769
|
1192.953 |
756.971 |
|
|
Other Current Liabilities |
7.612
|
9.157 |
7.880 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
1594.381
|
1202.110 |
764.851 |
|
|
Net Current Assets |
899.739
|
734.627 |
399.460 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
1012.625 |
828.140 |
455.764 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
4384.413 |
3983.078 |
2558.711 |
|
|
|
Other Income |
4.198 |
(7.643) |
68.760 |
|
|
|
TOTAL |
4388.611 |
3975.435 |
2627.471 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
4140.399 |
3746.593 |
2420.755 |
|
|
|
Factory Expenses |
49.194 |
43.440 |
41.207 |
|
|
|
Agency Charges |
0.421 |
0.450 |
0.276 |
|
|
|
Annual Maintenance Charges |
0.080 |
0.000 |
0.091 |
|
|
|
Angadia Charges |
0.076 |
0.013 |
0.049 |
|
|
|
Audit Fees |
0.056 |
0.056 |
0.056 |
|
|
|
Bank Commission and Other Charges |
9.250 |
4.106 |
3.696 |
|
|
|
Bank Loan Interest |
3.786 |
2.646 |
3.407 |
|
|
|
Bad Debts |
1.419 |
0.622 |
0.519 |
|
|
|
Computer General Expenses |
0.027 |
0.144 |
0.076 |
|
|
|
Consultancy Expenses |
0.000 |
0.000 |
0.007 |
|
|
|
Conveyance Expenses |
0.000 |
0.000 |
0.037 |
|
|
|
Credit Rating Agencies Expenses |
0.000 |
0.000 |
0.014 |
|
|
|
Courier And Freight Charges |
4.985 |
0.010 |
0.000 |
|
|
|
Custom Duty On Reimports |
0.634 |
0.000 |
0.000 |
|
|
|
Diamond Grading Charges |
43.176 |
76.296 |
0.310 |
|
|
|
Electricity Charges
|
0.138 |
0.320 |
0.200 |
|
|
|
Exhibition Expenses |
0.407 |
0.476 |
0.322 |
|
|
|
Export Commission |
4.584 |
11.404 |
41.149 |
|
|
|
Diamond Handling |
0.025 |
0.000 |
48.808 |
|
|
|
Insurance Charges |
0.930 |
0.000 |
0.005 |
|
|
|
Internet Expense |
0.274 |
0.024 |
0.236 |
|
|
|
License Fees |
0.000 |
0.000 |
0.004 |
|
|
|
Loan Processing Fees |
0.000 |
0.000 |
0.015 |
|
|
|
Locker Rent |
0.000 |
0.000 |
0.005 |
|
|
|
Maintenance Expenses |
0.052 |
0.059 |
0.853 |
|
|
|
Membership Fees |
0.185 |
0.204 |
0.007 |
|
|
|
Miscellaneous Expenses |
0.079 |
0.023 |
0.050 |
|
|
|
Municipal Tax |
0.084 |
0.058 |
0.026 |
|
|
|
Office Maintenance |
0.335 |
0.159 |
0.019 |
|
|
|
Office Rent |
2.586 |
0.000 |
0.069 |
|
|
|
Safe Rent |
0.029 |
0.024 |
0.488 |
|
|
|
Printing And Stationary |
0.504 |
0.378 |
0.033 |
|
|
|
Legal And Professional Fees |
0.475 |
0.463 |
0.007 |
|
|
|
Professional Fees |
0.067 |
0.067 |
0.018 |
|
|
|
Professional Tax |
0.039 |
0.002 |
0.038 |
|
|
|
Repair And Service Charges |
0.098 |
0.147 |
0.138 |
|
|
|
Salary Paid |
3.097 |
1.951 |
0.038 |
|
|
|
Service Tax |
2.077 |
0.000 |
0.009 |
|
|
|
Show and Other Charges |
0.610 |
0.008 |
0.001 |
|
|
|
Sales Promotion Expenses |
0.091 |
0.000 |
0.147 |
|
|
|
Security Expenses |
0.804 |
0.553 |
1.078 |
|
|
|
Sales Tax Expenses |
0.078 |
0.000 |
0.322 |
|
|
|
Staff Welfare Expenses |
0.607 |
0.000 |
0.008 |
|
|
|
Stationary and Printing |
0.000 |
0.000 |
0.293 |
|
|
|
Telephone Expenses |
0.440 |
0.358 |
0.037 |
|
|
|
Foreign Travelling Expenses |
1.963 |
0.000 |
0.482 |
|
|
|
Travelling Expenses |
0.047 |
3.387 |
0.518 |
|
|
|
VAT Audit fees |
0.056 |
0.056 |
0.056 |
|
|
|
TOTAL |
4274.264 |
3894.497 |
2565.979 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
114.347 |
80.938 |
61.492 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
0.459 |
0.361 |
0.243 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
113.888 |
80.577 |
61.249 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.307 |
1.169 |
1.228 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
112.581 |
79.408 |
60.021 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
112.581 |
79.408 |
60.021 |
|
Expected Sales (2014-2015): Rs. 5500.000 Millions
The above information has been parted by Mr. Sandip.
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.57 |
1.99 |
2.35 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
2.61 |
2.03 |
2.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.51 |
4.10 |
5.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.10 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14 |
0.09 |
0.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.56 |
1.61 |
1.52 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
272.772 |
760.056 |
886.459 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Net
worth |
272.772 |
760.056 |
886.459 |
|
|
|
|
|
|
long-term borrowings |
101.549 |
54.390 |
112.432 |
|
Short term borrowings |
81.443 |
13.694 |
13.734 |
|
Total
borrowings |
182.992 |
68.084 |
126.166 |
|
Debt/Equity
ratio |
0.671 |
0.090 |
0.142 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2558.711 |
3983.078 |
4384.413 |
|
|
|
55.667 |
10.076 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
2558.709 |
3983.078 |
4384.413 |
|
Profit |
60.021 |
79.408 |
112.581 |
|
|
2.35% |
1.99% |
2.57% |
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 |
Yes |
|
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 |
No |
|
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 |
No |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
FIXED ASSETS
·
Land
·
Diamond Tools
·
Air Condition
·
Computer
·
Machinery Furniture
·
Camera System
·
Electrical Equipment
·
Fire Extinguisher
·
Automatic Dual Shaping
Machine
·
Micro Scope
·
Ghanti
·
Color Meter Panel Scale
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 records 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. 61.85 |
|
|
1 |
Rs. 97.01 |
|
Euro |
1 |
Rs. 77.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
HTL |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
KLS |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
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 |
5 |
|
--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 |
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 |
|
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.