MIRA INFORM REPORT
|
Report No. : |
317550 |
|
Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
BLUE SEAS PAPERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No. 406 and 407, Maheshwari Chambers, Somajiguda, Hyderabad – 500082, Telangana |
|
Tel. No.: |
91-40-66688703 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.06.1997 |
|
|
|
|
Com. Reg. No.: |
027234 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21012TG1997PTC027234 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDB01730B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB8267H |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Blueseas (TM) Coated Papers and Carbonless Papers. |
|
|
|
|
No. of Employees
: |
Information declined to the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 29000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having moderate track. The management has failed to file its financial record with government
department for the year 2014. As per the available financial record of 2013, the rating is
constrained on account of company’s moderate financial risk profile and
leverage capital structure of the company. However, trade relations are fair. Business is active. Payments are
reported to be unknown. 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 |
|
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 |
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 DENIED BY
|
Name : |
Mr. A. S. Rao |
|
Designation : |
General Manager |
|
Contact No.: |
91-9394778737 |
|
Date : |
16.04.2015 |
LOCATIONS
|
Registered Office : |
Flat No. 406 and 407, Maheshwari Chambers, Somajiguda, Hyderabad – 500082, Telangana, India |
|
Tel. No.: |
91-40-66688703 / 65596733 /
66680703 |
|
Mobile No.: |
91-9394778737 (Mr. A. S. Rao) |
|
Fax No.: |
91-40-66680703 / 66688703 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Plot No. 74, B2, Anrich Industrial Estate,
Bollaram, Hyderabad - 502325, Telangana, India |
DIRECTORS
AS ON 27.09.2013
|
Name : |
Mr. Manish Kanchhal |
|
Designation : |
Director |
|
Address : |
Flat No.910 and 911, Prithvi Block, My Home Navadweepa, Madhapur,
Hyderabad – 500081, Telangana, India |
|
Date of Birth/Age : |
10.11.1951 |
|
Date of Appointment : |
03.06.1997 |
|
DIN No.: |
01617416 |
|
|
|
|
Name : |
Mrs. Rukmini Kanchhal |
|
Designation : |
Director |
|
Address : |
Flat No.910 and 911, Prithvi Block, My Home Navadweepa,
Madhapur, Hyderabad – 500081, Telangana, India |
|
Date of Birth/Age : |
23.08.1973 |
|
Date of Appointment : |
16.06.2005 |
|
DIN No.: |
01598910 |
|
|
|
|
Name : |
Mr. Dileep Yadav |
|
Designation : |
Director |
|
Address : |
E-906, Surya Vihar, Line LI Dundahera, Gurgaon – 122016, Haryana, India |
|
Date of Birth/Age : |
29.07.1949 |
|
Date of Appointment : |
12.12.2002 |
|
DIN No.: |
00944713 |
|
|
|
|
Name : |
Mrs. Ritu Vijay Kumar Kanchhal |
|
Designation : |
Additional director |
|
Address : |
Flat No.911, Prithvi Block, My Home Navadweepa, Madhapur, Hyderabad – 500081, Telangana, India |
|
Date of Birth/Age : |
09/11/1977 |
|
Date of Appointment : |
28/02/2014 |
|
DIN No.: |
06827615 |
KEY EXECUTIVES
|
Name : |
GSLN Gupta |
|
Designation : |
Company secretary in practice |
|
Address : |
2nd Floor, Container Freight Station, Old Aircargo Complex,
Lane Opposite to Divya Diamonds, Begumpet, Hyderabad – 500016,
Telangana, India |
|
Tel No. : |
91-9849989328 / 8801829959 |
|
Email : |
|
|
|
|
|
Name : |
Mr. A. S. Rao |
|
Designation : |
General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 27.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Manish Kanchhal |
|
288,420 |
|
Rukmini Kanchhal |
|
113,740 |
|
Ritu Vijay Kumar Kanchhal |
|
91,740 |
|
U Satyanarayana |
|
2,700 |
|
Charu Kanchhal |
|
2,450 |
|
Mamta Kanchhal |
|
950 |
|
|
|
|
|
Total |
|
500,000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 27.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Blueseas (TM) Coated Papers and Carbonless Papers. |
|
|
|
|
Products : |
Blueseas (TM) carbonless paper, Carbonless
papers |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS AS ON 31.03.2013
|
Particulars |
Unit |
|
Installed
capacity |
Actual
Production |
|
Coated Paper including Carbonless Paper |
MT |
|
350 |
554797 |
|
|
|
|
|
|
GENERAL INFORMATION
|
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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||||||||||||||||||||||
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Facilities : |
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|
Auditors : |
|
|
Name : |
Atmakuri and Company Chartered Accountants |
|
Address : |
6-3-1086/1/2, Rajbhavan Road, Somajiguda, Hyderabad – 500082, Telangana, India |
|
Tel. No.: |
91-40-23311408 |
|
Fax No.: |
91-40-23311408 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABLPA5059K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises being division of the company : |
Indo African Industrial Consultants |
CAPITAL STRUCTURE
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
5.000 |
5.000 |
4.945 |
|
(b) Reserves &
Surplus |
5.071 |
4.246 |
3.499 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.001 |
0.001 |
0.001 |
|
Total Shareholders’ Funds
(1) + (2) |
10.072 |
9.247 |
8.445 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
24.717 |
25.735 |
21.950 |
|
(b) Deferred tax
liabilities (Net) |
0.702 |
0.621 |
0.572 |
|
(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) |
25.419 |
26.356 |
22.522 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
5.851 |
4.233 |
4.469 |
|
(b) Trade payables |
6.664 |
3.783 |
3.112 |
|
(c) Other current
liabilities |
1.180 |
1.886 |
1.973 |
|
(d) Short-term provisions |
0.297 |
1.900 |
1.596 |
|
Total Current Liabilities
(4) |
13.992 |
11.802 |
11.150 |
|
|
|
|
|
|
TOTAL |
49.483 |
47.405 |
42.117 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.570 |
7.396 |
6.102 |
|
(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 |
1.500 |
1.500 |
1.500 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
9.070 |
8.896 |
7.602 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
20.358 |
12.793 |
11.766 |
|
(c) Trade receivables |
13.679 |
18.173 |
13.179 |
|
(d) Cash and cash
equivalents |
2.936 |
2.217 |
3.755 |
|
(e) Short-term loans and
advances |
3.440 |
5.326 |
5.815 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
40.413 |
38.509 |
34.515 |
|
|
|
|
|
|
TOTAL |
49.483 |
47.405 |
42.117 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
60.507 |
53.413 |
48.017 |
|
|
Other Income |
1.111 |
4.669 |
4.102 |
|
|
TOTAL (A) |
61.618 |
58.082 |
52.119 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
36.420 |
31.328 |
29.586 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(4.323) |
(0.409) |
(3.841) |
|
|
Employees benefits
expense |
2.646 |
2.476 |
2.126 |
|
|
Other expenses |
24.645 |
22.744 |
22.876 |
|
|
TOTAL (B) |
59.388 |
56.139 |
50.747 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
2.230 |
1.943 |
1.372 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.457 |
0.326 |
0.328 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
1.773 |
1.617 |
1.044 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.569 |
0.518 |
0.463 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
1.204 |
1.099 |
0.581 |
|
|
|
|
|
|
|
Less |
TAX (H) |
0.379 |
0.353 |
0.180 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
0.825 |
0.746 |
0.401 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
4.246 |
3.500 |
3.585 |
|
|
|
|
|
|
|
Add |
PRIOR PERIOD ITEMS |
0.000 |
0.000 |
(0.486) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO THE
B/S |
5.071 |
4.246 |
3.500 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2.743 |
1.482 |
0.779 |
|
|
TOTAL IMPORTS |
2.743 |
1.482 |
0.779 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.65 |
1.49 |
2.26 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.36 |
1.40 |
0.84 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
3.69 |
3.64 |
2.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.51 |
2.39 |
1.43 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.12 |
0.07 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.03 |
3.24 |
3.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.89 |
3.26 |
3.10 |
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 |
4.945 |
5.000 |
5.000 |
|
Reserves & Surplus |
3.499 |
4.246 |
5.071 |
|
Share Application money pending allotment |
0.001 |
0.001 |
0.001 |
|
Net worth |
8.445 |
9.247 |
10.072 |
|
|
|
|
|
|
long-term borrowings |
21.950 |
25.735 |
24.717 |
|
Short term borrowings |
4.469 |
4.233 |
5.851 |
|
Total borrowings |
26.419 |
29.968 |
30.568 |
|
Debt/Equity ratio |
3.128 |
3.241 |
3.035 |
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 |
48.017 |
53.413 |
60.507 |
|
|
|
11.238 |
13.281 |
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 |
48.017 |
53.413 |
60.507 |
|
Profit |
0.401 |
0.746 |
0.825 |
|
|
0.84% |
1.40% |
1.36% |
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 |
No |
|
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 |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans from Directors |
20.355 |
21.373 |
|
Loans from others |
4.362 |
4.362 |
|
Total |
24.717 |
25.735 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90127862 |
17/09/1999 |
1,000,000.00 |
THE KARUR VYSYA BANK |
6549 RP ROAD, SECUNDRABAD, ANDHRA PRADESH, INDIA |
- |
|
2 |
90129687 |
20/02/2015 * |
16,250,000.00 |
THE KARUR VYSYA BANK LIMITED |
R.P. ROAD BRANCH, R.P.ROAD, SECUDERABAD, TELANGA |
C44811727 |
* Date of charge modification
OPERATIONS AND FINANCIAL RESULTS [AS ON 31.03.2013]
The turnover of the company in 201 2-13 grew
marginally by about 6.00% over the last year. The increase in expenditure on
power was 21% during the current year, while there was a decrease in production
by about 3%. Significant costs on account of diesel consumed for generating
power with diesel generators was the main reason for this as there was severe
power shortage from the electricity board. It is going to be difficult to
proportionately increasing selling prices considering the competition though
this was partially achieved during the second half of the year gone by. The
management is considering looking to replace some of the existing machineries
with more energy efficient equipment to make up for the increase in the power
expenses and to also significantly increase yields to in consumption of
materials. The actual significance of the steps taken to improve efficiencies
will become visible during the next FY.
NOTE :
The registered office of the company has been shifted from 401, Aprk Avenue Apartments Green Lands, Ameerpet, Hyderabad - 500038, Telangana, India to the present address w.e.f. 19.04.2010.
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Vehicles
- Computers
- Electrical Equipments
- Air conditioner
- Office equipment
- 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 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.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
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 |
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 |
|
32 |
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.