MIRA INFORM REPORT
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Report No. : |
314987 |
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Report Date : |
08.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUDARSHAN MINCHEM LIMITED |
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Registered
Office : |
425, Sector-11, Hiran Magri, Udaipur – 313002, Rajasthan |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
20.09.1999 |
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Com. Reg. No.: |
17-015885 |
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Capital
Investment / Paid-up Capital : |
Rs. 1.601 Million |
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CIN No.: [Company Identification
No.] |
U14108RJ1999PLC015885 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company is engaged in Manufacturing
of Minerals and Soap Powder. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. The rating is constrained on account of dip in the sales turnover and net
profitability of the company during year under review. Further, the rating also takes note of the unfavorable gap between
trade receivables and payables of the company. However, Trade relations are reported to be fair. Business is active.
Payment terms are reported to be slow but correct. The company can be considered for business dealings 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 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
Not Available |
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 DENIED BY
|
Name : |
Mr. Nitin Sankhla |
|
Designation : |
Accounts Head |
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Contact No.: |
91-8149004790 |
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Date : |
01.04.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
425, Sector-11, Hiran Magri, Udaipur – 313002, Rajasthan, India |
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Tel. No.: |
Not Available |
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Mobile No.: |
91-8149004790 (Mr. Nitin Sankhla) 91-9833130988 / 9320024562 (Mr. Neeraj Gupta) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Administrative Office : |
1004, B-Wing, Expres Zone, W. E. Highway, Opposite Oberoi Mall, Goregaon (East), Mumbai - 400063, Maharashtra, India |
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Tel. No.: |
91-22-67253967/28787066 |
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Factory 2 : |
Located At :
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DIRECTORS
As on 29.09.2014
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Name : |
Mr. Rakesh Kumar Rajendra Gupta |
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Designation : |
Director |
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Address : |
425, Hiran Magri, Sector No. 11, Udaipur – 313001, Rajasthan, India |
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Date of Birth/Age : |
30.11.1967 |
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Date of Appointment : |
20.09.1999 |
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DIN No.: |
01167996 |
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Other Directorship:
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Name : |
Mr. Sameer Gupta |
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Designation : |
Director |
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Address : |
425, Hiran Magri, Sector No. 11, Udaipur – 313001, Rajasthan, India |
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Date of Birth/Age : |
01.06.1970 |
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Date of Appointment : |
20.09.1999 |
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DIN No.: |
01168013 |
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Other Directorship:
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Name : |
Mr. Neeraj Gupta |
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Designation : |
Director |
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Address : |
425, Hiran Magri, Sector No. 11, Udaipur – 313001, Rajasthan, India |
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Date of Birth/Age : |
01.07.1972 |
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Date of Appointment : |
20.09.1999 |
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DIN No.: |
01168030 |
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Other Directorship:
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Name : |
Mr. Rajendra Prasad Gupta |
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Designation : |
Director |
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Address : |
425, Hiran Magri, Sector No. 11, Udaipur – 313001, Rajasthan, India |
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Date of Birth/Age : |
13.03.1943 |
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Date of Appointment : |
20.09.1999 |
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DIN No.: |
03068983 |
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Other Directorship:
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Name : |
Mr. Jamwanti Gupta |
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Designation : |
Director |
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Address : |
425, Hiran Magri, Sector No. 11, Udaipur – 313001, Rajasthan, India |
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Date of Birth/Age : |
01.07.1949 |
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Date of Appointment : |
20.09.1999 |
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DIN No.: |
03061541 |
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Other Directorship:
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KEY EXECUTIVES
|
Name : |
Mr. Nitin Sankhla |
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Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
|
100,010 |
62.48 |
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|
10,000 |
6.25 |
|
Sameer Gupta |
10,000 |
6.25 |
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Neeraj Gupta |
20000 |
12.49 |
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Manita Gupta |
50 |
0.03 |
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Jamwanti Gupta |
20,010 |
12.50 |
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Total |
160070 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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|
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company is engaged in Manufacturing
of Minerals and Soap Powder. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
Notes : Term Loan from
Banks: (a)
[Secured against Office. The term loan was taken
during the financial year 2011-2012 and carries interest@17.50% p.a. the loan
is repayable in 36 monthly installments of Rs. 89.756/- each along with
interest, from the date of loan.] Vehicle Loans: (a)
[Secured against vehicle (Car). The term loan was
taken during the financial year 2012-2013 and carries interest@10.30% p.a.
the loan is repayable in 36 monthly installments of Rs. 69.740/- each along
with interest, from the date of loan.] (b)
[Secures against vehicle(car). The term loan was
taken during the financial year 2010-2011 and carries interest@8.51% p.a. the
loan is repayable in 36 monthly installments of Rs. 51,725/- each along with
interest, from the date of loan.] (c)
[Secured against vehicle (Car). The term loan was
taken during the financial year2011-2012 and carries interest@11.75% p.a the loan is repayable in 36 monthly
installments of Rs. 20,714/- each along with interest, from the date of
loan.] |
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Auditors : |
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Name : |
G.B. Laddha and Company LLP Chartered Accountants |
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Address : |
1-2, Second Floor, Sahara Market, Silvassa Road, Vapi – 396191,
Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFG2280N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Parties : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
160,070 |
Equity Shares |
Rs.10/- each |
Rs.1.601
Million |
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|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
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|
|
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|
I.
EQUITY AND LIABILITIES |
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|
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|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.601 |
1.601 |
1.601 |
|
(b) Reserves &
Surplus |
10.340 |
8.652 |
6.321 |
|
(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) |
11.941 |
10.253 |
7.922 |
|
|
|
|
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(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
19.272 |
12.409 |
23.216 |
|
(b) Deferred tax
liabilities (Net) |
1.332 |
0.654 |
0.649 |
|
(c) Other long term
liabilities |
0.100 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
20.704 |
13.063 |
23.865 |
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
16.246 |
16.504 |
14.677 |
|
(b) Trade payables |
53.528 |
42.242 |
38.781 |
|
(c) Other current
liabilities |
21.342 |
20.544 |
26.761 |
|
(d) Short-term provisions |
0.559 |
0.557 |
0.493 |
|
Total Current Liabilities
(4) |
91.675 |
79.847 |
80.712 |
|
|
|
|
|
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TOTAL |
124.320 |
103.163 |
112.499 |
|
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|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
53.719 |
43.865 |
42.335 |
|
(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 |
0.025 |
0.025 |
0.025 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
11.376 |
11.314 |
35.337 |
|
(e) Other Non-current
assets |
0.322 |
0.000 |
0.000 |
|
Total Non-Current Assets |
65.442 |
55.204 |
77.697 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
10.738 |
7.146 |
5.641 |
|
(c) Trade receivables |
41.977 |
29.734 |
25.799 |
|
(d) Cash and cash
equivalents |
3.274 |
8.966 |
1.335 |
|
(e) Short-term loans and
advances |
2.889 |
2.113 |
2.027 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
58.878 |
47.959 |
34.802 |
|
|
|
|
|
|
TOTAL |
124.320 |
103.163 |
112.499 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
185.681 |
211.739 |
179.491 |
|
|
Other Income |
2.564 |
0.459 |
0.622 |
|
|
TOTAL |
188.245 |
212.198 |
180.113 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
112.707 |
135.291 |
125.069 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(1.755) |
(1.148) |
(1.452) |
|
|
Employees benefits
expense |
9.409 |
8.378 |
9.214 |
|
|
Other expenses |
58.933 |
60.864 |
39.249 |
|
|
TOTAL |
179.294 |
203.385 |
172.080 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
8.951 |
8.813 |
8.033 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
3.329 |
3.704 |
2.893 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
5.622 |
5.109 |
5.140 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
2.684 |
2.210 |
2.667 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
2.938 |
2.899 |
2.473 |
|
|
|
|
|
|
|
Less |
TAX |
1.250 |
0.567 |
0.689 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
1.688 |
2.332 |
1.784 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
8.652 |
6.320 |
4.536 |
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE B/S |
10.340 |
8.652 |
6.320 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
8.602 |
2.443 |
2.443 |
|
|
TOTAL IMPORTS |
8.602 |
2.443 |
2.443 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
10.55 |
14.57 |
11.15 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.91 |
1.10 |
0.99 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
4.82 |
4.16 |
4.48 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.36 |
2.81 |
2.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.28 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.97 |
2.82 |
4.78 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.64 |
0.60 |
0.43 |
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 |
1.601 |
1.601 |
1.601 |
|
Reserves & Surplus |
6.321 |
8.652 |
10.340 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
7.922 |
10.253 |
11.941 |
|
|
|
|
|
|
long-term borrowings |
23.216 |
12.409 |
19.272 |
|
Short term borrowings |
14.677 |
16.504 |
16.246 |
|
Total borrowings |
37.893 |
28.913 |
35.518 |
|
Debt/Equity ratio |
4.783 |
2.820 |
2.974 |
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 |
179.491 |
211.739 |
185.681 |
|
|
|
17.966 |
(12.307) |
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 |
179.491 |
211.739 |
185.681 |
|
Profit |
1.784 |
2.332 |
1.688 |
|
|
0.99% |
1.10% |
0.91% |
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 |
No |
|
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 |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
(a)
From Director |
6.052 |
2.217 |
|
(b)
From Relatives |
1.240 |
0.825 |
|
Total |
7.292 |
3.042 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10528435 |
25/06/2014 |
45,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
C31777857 |
|
2 |
10528414 |
18/06/2014 |
45,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
C31766645 |
|
3 |
10333469 |
08/04/2013 * |
9,445,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B72729544 |
|
4 |
10371148 |
09/09/2008 |
1,125,000.00 |
PUNJAB NATIONAL BANK |
GUNJAN ROAD,, GIDC CHAR RASTA, VAPI, GUJARAT - 39 |
A54984943 |
|
5 |
10114160 |
05/07/2008 |
26,500,000.00 |
PUNJAB NATIONAL BANK |
GIDC BRANCH,, VAPI, GUJARAT - 396195, INDIA |
A42660183 |
|
6 |
10134909 |
21/07/2006 |
7,700,000.00 |
PUNJAB NATIONAL BANK |
GIDC BRANCH, VAPI, GUJARAT - 396195, INDIA |
A39656533 |
|
7 |
10001554 |
29/03/2006 |
990,000.00 |
KOTAK MAHINDRA BANK LTD |
36-38 A, NARIMAN BHAUAN,, 227, NARIMAN POINT, MUM |
A00577916 |
|
8 |
10001552 |
29/03/2006 |
1,013,000.00 |
KOTAK MAHINDRA BANK LTD |
36-38 A, NARIMAN BHAUAN,, 227, NARIMAN POINT, MUM |
A00578195 |
|
9 |
10001553 |
29/03/2006 |
1,013,000.00 |
KOTAK MAHINDRA BANK LTD |
36-38 A, NARIMAN BHAUAN,, 227, NARJNAN POINT, MUM |
A00577528 |
|
10 |
90070635 |
17/04/2010 * |
15,000,000.00 |
PUNJAB NATIONAL BANK |
CHETAK CIRCLE, UDAIPUR, RAJASTHAN - 313001, INDIA |
A84475763 |
* Date of charge modification
CORPORATE
INFORMATION:
The company is a limited Company incorporated under the provision of
companies Act, 1956. The Company is engaged in Manufacturing of Minerals and Soap Powder.
FIXED ASSETS
- Land
- Factory
Building
- Plant and
Machinery
- Generator
- Electrical
Installation
- Laboratory
Equipment
- Weight Scale
- Furniture
- Car and Bike
- Truck Account
- 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.62.33 |
|
|
1 |
Rs.92.83 |
|
Euro |
1 |
Rs.68.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.