MIRA INFORM REPORT
|
Report No. : |
316071 |
|
Report Date : |
07.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
RADHAMANI TEXTILES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
176, Jamunalal Bazar Street, Kolkata – 700007, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
24.01.2008 |
|
|
|
|
Com. Reg. No.: |
21-122043 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.4.850 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120WB2008PTC122043 |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALR09630F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR8915M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Garments. |
|
|
|
|
No. of Employees
: |
2500 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 684000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The company has reported decent profitability during the financial
year 2013-2014. The company possesses comfortable capital structure, adequate
liquidity and net worth. Trade relations are fair. Business is active. Payments are reported to be usually correct. The company 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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
January 2014 |
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. Hari |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-22-24930911 |
|
Date : |
06.04.2015 |
LOCATIONS
|
Registered Office : |
176, Jamunalal Bazar Street, Kolkata – 700007, West Bengal, India |
|
Tel. No.: |
91-33-22696468 |
|
Fax No.: |
91-33-22696468 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office and Group Company Office : |
27 VTMS Arcade, Yellankunte, Mangalampalya, Hosur Road, Bangalore – 560006, Karnataka, India |
|
Tel. No.: |
91-80-25735981 |
|
|
|
|
Corporate Office : |
341, Kewal Industrial Estate, Senapati Bapat Marg, Lower Parel, Mumbai
– 400013, India |
|
Tel. No.: |
91-22-24930911 |
|
|
|
|
Factory : |
Plot No. 314, 315, 316, 317, 318, 319, P Bommasandra Jigani Unic Road, Jigani, Bangalore – 560105, Karnataka, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Manish Kumar Poddar |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H-2,Cuffe Castle, Cuffe Parade, Colaba, Mumbai - 400005, Maharashtra,
India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
10.10.1974 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.09.2009 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00554105 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Akshika Poddar |
|||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Additional Director |
|||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
H-2,Cuffe Castle, Cuffe Parade, Mumbai - 400005, Maharashtra, India |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
07.05.1976 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
01.07.2014 |
|||||||||||||||||||||||||||||||||||||||||||||
|
DIN No.: |
00554038 |
|||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Mr. Hari |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Murari Lal Agarwala |
|
Designation : |
Chief Executive Officer |
|
Address : |
H-2, Cuffe Castle, Cuffe Parade, 8th Floor, G.D. Somani
Marg, Mumbai - 400005, Maharashtra, India |
|
Date of Appointment : |
04.07.2014 |
|
PAN No.: |
ACYPA7752P |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of Holding |
|
Murari Lal
Agarwal |
3400 |
0.70 |
|
Manish Kumar Poddar |
321600 |
66.31 |
|
Nirmala Devi Poddar |
160000 |
32.99 |
|
Total |
485000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Garments. |
|
|
|
|
Products : |
Garments |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
European Countries |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
2500 (Approximately) |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
|
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Ashok Bairagra and Associates Chartered Accountants |
|
Address : |
B-404 Shubham, Centre-2, Cardinal Gracious Road, Andheri Kurla Road, Chakala Road, Andheri-East, Mumbai – 400099, Maharashtra, India |
|
PAN No.: |
AAEFA7363C |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Group Company (Confirmed by management) : |
Radhamani India Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
485000 |
Equity Shares |
Rs.10/- each |
Rs.4.850 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.850 |
4.850 |
4.850 |
|
(b) Reserves & Surplus |
234.715 |
161.474 |
108.898 |
|
(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) |
239.565 |
166.324 |
113.748 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.134 |
0.093 |
0.029 |
|
(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) |
0.134 |
0.093 |
0.029 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
248.159 |
206.344 |
243.492 |
|
(b) Trade
payables |
0.265 |
0.697 |
1.023 |
|
(c) Other
current liabilities |
18.442 |
9.163 |
6.786 |
|
(d) Short-term
provisions |
39.078 |
25.738 |
25.000 |
|
Total Current
Liabilities (4) |
305.944 |
241.942 |
276.301 |
|
|
|
|
|
|
TOTAL |
545.643 |
408.359 |
390.078 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
55.101 |
13.228 |
3.639 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
88.148 |
31.330 |
31.830 |
|
(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 |
3.899 |
3.756 |
3.457 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
147.148 |
48.314 |
38.926 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
56.363 |
39.709 |
126.569 |
|
(c) Trade
receivables |
147.679 |
145.485 |
179.096 |
|
(d) Cash and
cash equivalents |
66.026 |
2.000 |
1.067 |
|
(e)
Short-term loans and advances |
122.987 |
159.726 |
42.031 |
|
(f) Other
current assets |
5.440 |
13.125 |
2.389 |
|
Total
Current Assets |
398.495 |
360.045 |
351.152 |
|
|
|
|
|
|
TOTAL |
545.643 |
408.359 |
390.078 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
1,215.277 |
994.616 |
736.746 |
|
|
|
|
Other Income |
0.314 |
0.167 |
0.000 |
|
|
|
|
TOTAL |
1,215.591 |
994.783 |
736.746 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
1,098.348 |
914.118 |
660.044 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
117.243 |
80.665 |
76.702 |
||
|
|
|
|
|
|
||
|
Less |
DEPRECIATION/ AMORTISATION |
4.917 |
2.307 |
0.786 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
112.326 |
78.358 |
75.916 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
39.119 |
25.802 |
25.029 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
AFTER TAX |
73.207 |
52.556 |
50.887 |
||
|
|
|
|
|
|
||
|
Less |
EARLIER YEAR TAX
ADJUSTMENT |
(0.034) |
(0.020) |
0.042 |
||
|
|
|
|
|
|
||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
113.724 |
61.148 |
10.303 |
||
|
|
|
|
|
|
||
|
|
BALANCE CARRIED
TO THE B/S |
186.965 |
113.724 |
61.148 |
||
|
|
|
|
|
|
||
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
||
|
|
|
Export Earnings |
1125.174 |
843.743 |
637.417 |
|
|
|
TOTAL EARNINGS |
1125.174 |
843.743 |
637.417 |
||
|
|
|
|
|
|
||
|
|
IMPORTS |
|
|
|
||
|
|
|
CIF Value of Import |
32.881 |
22.289 |
8.611 |
|
|
|
TOTAL IMPORTS |
32.881 |
22.289 |
8.611 |
||
|
|
|
|
|
|
||
|
|
Earnings /
(Loss) Per Share (Rs.) |
150.94 |
NA |
NA |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
6.02 |
5.28 |
6.91 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.55 |
20.78 |
21.19 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.47 |
0.47 |
0.67 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.04 |
1.24 |
2.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.30 |
1.49 |
1.27 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Share Capital |
4.850 |
4.850 |
4.850 |
|
Reserves & Surplus |
108.898 |
161.474 |
234.715 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
113.748 |
166.324 |
239.565 |
|
|
|
|
|
|
Long Term borrowings |
0.000 |
0.000 |
0.000 |
|
Short Term borrowings |
243.492 |
206.344 |
248.159 |
|
Total
borrowings |
243.492 |
206.344 |
248.159 |
|
Debt/Equity
ratio |
2.141 |
1.241 |
1.036 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales |
736.746 |
994.616 |
1,215.277 |
|
|
|
35.001 |
22.186 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Million |
Rs.
In Million |
Rs.
In Million |
|
Sales
|
736.746 |
994.616 |
1,215.277 |
|
Profit |
50.887 |
52.556 |
73.207 |
|
|
6.91% |
5.28% |
6.02% |
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 |
Yes |
|
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 |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
SHORT TERM BORROWINGS |
|
|
|
Working capital loans from banks |
0.000 |
10.415 |
|
Total |
0.000 |
10.415 |
FINANCIAL
HIGHLIGHT
Company has achieved the sales of Rs.1215.277 Million as compared to Rs.994.616 Million in Last financial year registering growth of almost 22% over the previous year and Profit after tax also has increased from Rs.52.556 Million to Rs.73.207 Million registering growth of over 39% over previous financial year due to better market condition in international market and the directors promise excellent performance in the coming years.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10524120 |
20/08/2014 |
150,000,000.00 |
Bank Of India |
Mumbai
Overseas Branch, 70/80,, M G Road, Fort,, |
C26006296 |
|
2 |
10303511 |
05/09/2014 * |
150,000,000.00 |
Bank Of India |
Mumbai
Overseas Branch, 70/80,, M G Road, Fort,, |
C26376707 |
|
3 |
10266509 |
26/07/2014 * |
470,000,000.00 |
Indian Overseas Bank |
Fort Branch, Tamarind Lane, 30 & 32 Tamarind Lane ,, Mumbai, Maharashtra - 400023, India |
C28540664 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.62.16 |
|
|
1 |
Rs.92.73 |
|
Euro |
1 |
Rs.68.23 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
48 |
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.