MIRA INFORM REPORT
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Report No. : |
317392 |
|
Report Date : |
14.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BHAVNA STATIONERS |
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Registered
Office : |
C-1, Gayatri Complex, Dapoda Road, Bhiwandi, Thane – 421302 ,
Maharashtra |
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Country : |
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Financial as on:
|
31.03.2013 |
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Year of
Establishment : |
2000 |
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Capital
Investment / Paid-up Capital : |
Rs.10.179 Million |
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IEC No.: |
Not Available |
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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 : |
Sole Proprietary Concern |
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Line of Business
: |
Trader and Importer of thermal papers. |
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No. of Employees: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is an established proprietary concern having moderate track. Mr. Ashok (Account Executive) has provided us with general information
and denied to disclose the financial details about the subject to us. Trade relations are reported as fair. Business is active. Payment
terms are unknown. The concern can be considered normal 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Ashok |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-9324163388 |
|
Date : |
13.04.2015 |
LOCATIONS
|
Registered Office : |
C-1, Gayatri Complex, Dapoda Road, Bhiwandi, Thane – 421302 ,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9769998289 (Mr. Janam Mehta) 91-9324163388 (Mr. Ashok) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Location : |
Owned [Commercial] |
SOLE PROPRIETOR
|
Name : |
Mr. Ramesh Gosaliya |
|
Designation : |
Proprietor |
|
Address : |
31/32, Mahaviri Apartment, Kandivali (West), Mumbai, Maharashtra,
India |
|
Date of Birth/Age: |
June, 1963 |
|
Qualification : |
HSC |
KEY EXECUTIVES
|
Name : |
Mr. Ashok |
|
Designation : |
Accounts Executive |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of thermal papers. |
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|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Papers |
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Countries : |
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Terms : |
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, End Users and Retailers
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No. of Employees: |
10 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
R. P. Shah and Associates Chartered Accountants |
|
Address : |
A/10, Indu Smruti, Opposite Reliance Fresh, Chhitabhai Patel Road,
Kandivli (East), Mumbai – 400101, Maharashtra, India |
|
Tel. No.: |
91-22-28464626 |
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Mobile No.: |
91-9324436595 |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister Concern : |
Varsha Traders Address: Gala No.2, Real
Industrial Estate, Building No.6, Prime Industrial Complex, Vasai – 401208, Maharashtra,
India Line of
Business: Trader and Importer of Office Stationery |
CAPITAL STRUCTURE
AS ON 31.03.2014
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
AS ON 31.03.2013
CAPITAL ACCOUNT
|
Particulars |
(Rs.
In Million) |
|
Proprietors Capital Account |
|
|
Shri Ramesh A. Gosaliya
|
10.179 |
|
|
|
|
Total |
10.179 |
FINANCIAL DATA
[All figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2008 |
|
|
|
|
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Proprietors Capital |
10.179 |
8.104 |
1.215 |
|
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 |
10.179 |
8.104 |
1.215 |
|
|
|
|
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
6.592 |
0.773 |
3.876 |
|
2] Unsecured Loans |
35.236 |
12.694 |
12.349 |
|
TOTAL
BORROWING |
41.828 |
13.467 |
16.225 |
|
|
|
|
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
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TOTAL |
52.007 |
21.571 |
17.440 |
|
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|
|
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APPLICATION OF FUNDS |
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|
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|
FIXED ASSETS [Net Block] |
2.872 |
1.271 |
1.335 |
|
Capital work-in-progress |
0.240 |
0.000 |
0.000 |
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
Inventories |
19.820 |
4.455 |
9.460 |
|
Sundry Debtors |
42.954 |
13.539 |
8.552 |
|
Cash & Bank Balances |
5.66 |
0.404 |
0.118 |
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
Loans & Advances and Deposits |
0.312 |
2.137 |
2.673 |
|
Total
Current Assets |
68.746 |
20.535 |
20.803 |
|
|
|
|
|
|
Less :
CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
Sundry Creditors |
18.384 |
0.091 |
4.331 |
|
Other Current Liabilities |
1.467 |
0.144 |
0.002 |
|
Provisions |
0.000 |
0.000 |
0.365 |
|
Total
Current Liabilities |
19.851 |
0.235 |
4.698 |
|
|
|
|
|
|
Net
Current Assets |
48.895 |
20.300 |
16.105 |
|
|
|
|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
TOTAL |
52.007 |
21.571 |
17.440 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
201.440 |
71.471 |
46.939 |
|
|
|
Other Income |
0.076 |
0.493 |
0.017 |
|
|
|
TOTAL |
201.516 |
71.964 |
46.956 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
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|
Cost of Goods Sold |
189.035 |
65.396 |
42.490 |
|
|
|
Audit Fees |
0.045 |
0.045 |
0.045 |
|
|
|
Bank Charges |
0.192 |
0.095 |
0.116 |
|
|
|
Conveyance |
0.040 |
0.046 |
0.028 |
|
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|
Coolie and Cartage Transport |
0.826 |
0.278 |
0.176 |
|
|
|
Discount |
0.000 |
0.016 |
0.138 |
|
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|
Insurance |
0.010 |
0.029 |
0.022 |
|
|
|
Interest |
4.844 |
2.361 |
2.015 |
|
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|
Society Charges |
0.001 |
0.000 |
0.018 |
|
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|
Rate and Taxes |
0.267 |
0.059 |
0.000 |
|
|
|
Office Expenses |
0.044 |
0.000 |
0.000 |
|
|
|
Postage and Courier |
0.025 |
0.014 |
0.011 |
|
|
|
Professional Fees |
0.101 |
0.132 |
0.126 |
|
|
|
Printing and Stationery |
0.026 |
0.018 |
0.000 |
|
|
|
Salary and Bonus |
0.628 |
0.455 |
0.218 |
|
|
|
Brokerage Commission |
0.493 |
0.303 |
0.000 |
|
|
|
Professional Tax |
0.003 |
0.003 |
0.003 |
|
|
|
Vehicle Expenses |
0.085 |
0.047 |
0.017 |
|
|
|
Computer Expenses |
0.008 |
0.014 |
0.005 |
|
|
|
Repairs and Maintenance
|
0.035 |
0.022 |
0.003 |
|
|
|
Travelling Charges |
0.018 |
0.118 |
0.204 |
|
|
|
Advertising |
0.007 |
0.006 |
0.000 |
|
|
|
Processing Fees |
0.252 |
0.000 |
0.000 |
|
|
|
Service Tax |
0.009 |
0.005 |
0.003 |
|
|
|
VAT |
0.011 |
0.000 |
0.000 |
|
|
|
Electric Charges |
0.008 |
0.000 |
0.000 |
|
|
|
Exchange rate of Fluctuation |
0.015 |
0.000 |
0.000 |
|
|
|
Telephone Charges |
0.064 |
0.097 |
0.043 |
|
|
|
Internet Expenses |
0.008 |
0.000 |
0.000 |
|
|
|
Membership Fees |
0.005 |
0.000 |
0.000 |
|
|
|
Rent |
0.329 |
0.012 |
0.012 |
|
|
|
Sales Promotion |
0.032 |
0.015 |
0.000 |
|
|
|
Staff Welfare |
0.022 |
0.018 |
0.001 |
|
|
|
TOTAL |
197.488 |
69.604 |
45.694 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
4.028 |
2.360 |
1.262 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.426 |
0.223 |
0.158 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
3.602 |
2.137 |
1.104 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin |
(%) |
1.79 |
2.99 |
2.35 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
2.00 |
3.30 |
2.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.03 |
9.80 |
4.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.26 |
0.91 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
4.11 |
1.66 |
13.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.46 |
87.38 |
4.43 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1.215 |
8.104 |
10.179 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
1.215 |
8.104 |
10.179 |
|
|
|
|
|
|
long-term borrowings |
3.876 |
0.773 |
6.592 |
|
Short term borrowings |
12.349 |
12.694 |
35.236 |
|
Total borrowings |
16.225 |
13.467 |
41.828 |
|
Debt/Equity ratio |
13.354 |
1.662 |
4.109 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
46.939 |
71.471 |
201.440 |
|
|
|
52.264 |
181.849 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
46.939 |
71.471 |
201.440 |
|
Profit |
1.104 |
2.137 |
3.602 |
|
|
2.35% |
2.99% |
1.79% |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF CURRENT
MATURITIES OF LONG TERM DEBTS : NOT AVAILABLE
|
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 |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
31] |
Date of Birth of Proprietor,
if available |
Yes |
|
32] |
PAN of Proprietor, if
available |
No |
|
33] |
Voter ID No of
Proprietor, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
|
Particulars |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Per Statement |
35.236 |
12.694 |
|
|
|
|
|
Total |
35.236 |
12.694 |
NOTE :
The registered office of the concern has been
shifted from Gala No.2, Real Industrial Estate, Building No.6, Prime Industrial Complex,
Vasai – 401208, Maharashtra, India to the present address.
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.62.39 |
|
UK Pound |
1 |
Rs.91.06 |
|
Euro |
1 |
Rs.66.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.