MIRA INFORM REPORT
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Report No. : |
316265 |
|
Report Date : |
18.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
TILAK POLYPACK PRIVATE LIMITED |
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|
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Registered Office
: |
729/2, Rakanpur Village, Opposite Jogni Mata Temple Lane, B/H. Bhavi
Tubes, Rakanpur, Taluka Kalol, District Gandhinagar – 382 721, Gujarat |
|
Tel. No.: |
91-2764-286370, 286970 |
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|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.02.1995 |
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Com. Reg. No.: |
04-024526 |
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Capital
Investment / Paid-up Capital : |
Rs.5.000 Million |
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|
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CIN No.: [Company Identification
No.] |
U17119GJ1995PTC024526 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMT00613E |
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|
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturing of Co-Extruded
Multilayer Films and allied products. |
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|
No. of Employees
: |
56 (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 80000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. General financial position of the company seems to be sound and
healthy. Profitability of the company is fair. 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 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 – 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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Nilesh |
|
Designation : |
Dispatch Manager |
|
Contact No.: |
91-2764-286370 |
|
Date : |
14.04.2015 |
LOCATIONS
|
Registered Office/ Factory : |
729/2, Rakanpur Village, Opposite Jogni Mata Temple Lane, B/H. Bhavi
Tubes, Rakanpur, Taluka Kalol, District Gandhinagar – 382 721, Gujarat, India
|
|
Tel. No.: |
91-2764-286358/ 286370 |
|
Mobile No. : |
91-9824540191 (Mr. Agam Pankaj Shah) |
|
Fax No.: |
91-2764-286358/ 286370 |
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E-Mail : |
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|
Website : |
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Area : |
40000 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
AS ON 18.08.2014
|
Name : |
Mr. Pankaj Mithalal Shah |
|
Designation : |
Director |
|
Address : |
15, Kekaran Society, Near Gulab Tower, Thaltej, Ahmedabad – 380 054,
Gujarat, India |
|
Date of Birth/Age : |
09.04.1951 |
|
Qualification : |
Mechanical Engineer |
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Date of Appointment : |
08.02.1995 |
|
DIN No.: |
01434725 |
|
|
|
|
Name : |
Mr. Agam Pankajbhai Shah |
|
Designation : |
Director |
|
Address : |
15, Kekaran Society, Near Gulab Tower, Thaltej, Ahmedabad – 380 054,
Gujarat, India |
|
Date of Birth/Age : |
25.10.1981 |
|
Qualification : |
Engineer (Software) |
|
Date of Appointment : |
25.07.2000 |
|
DIN No.: |
01319146 |
KEY EXECUTIVES
|
Name : |
Rakesh M. Pathak |
|
Designation : |
Practising Company Secretary |
|
Address : |
26, Tatsat Society, Niyojan Nagar, Ambawadi, Ahmedabad – 380015,
Gujarat, India |
|
|
|
|
Name : |
Mr. Nilesh |
|
Designation : |
Dispatch Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.08.2014
|
Names of Shareholders |
|
No. of Shares |
|
Pankaj Mithalal Shah |
|
21001 |
|
Meenaben Pankaj Shah |
|
10000 |
|
Ragini Mithalal Shah |
|
1 |
|
Pankaj Mithalal Shah - HUF |
|
1001 |
|
Agam Pankaj Shah |
|
13451 |
|
Aarti Pankaj Shah |
|
4000 |
|
Agam Pankaj Shah - HUF |
|
550 |
|
Total
|
|
50004 |
Equity Share Break up (Percentage of Total Equity)
AS ON 18.08.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing of Co-Extruded
Multilayer Films and allied products. |
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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 : |
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Products : |
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Countries : |
UK |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit (90 Days) |
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Purchasing : |
Cash and Credit (90 Days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
56 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Hiren M. Desai and Company Chartered Accountants |
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Address : |
A/25, Meghvi Apartments, Nava Vadaj, Ahmedabad – 380 013, Gujarat,
India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
ABRPD1324N |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Relative Key
Managerial Person: |
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CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
75000 |
Equity Shares |
Rs.100/- each |
Rs.7.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50004 |
Equity Shares |
Rs.100/- each |
Rs.5.000
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 |
5.000 |
5.000 |
5.000 |
|
(b) Reserves &
Surplus |
21.712 |
19.142 |
16.252 |
|
(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) |
26.712 |
24.142 |
21.252 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.577 |
1.357 |
4.057 |
|
(b) Deferred tax liabilities
(Net) |
2.592 |
2.432 |
2.332 |
|
(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) |
4.169 |
3.789 |
6.389 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
34.684 |
34.320 |
33.471 |
|
(b) Trade payables |
15.800 |
16.787 |
17.393 |
|
(c) Other current
liabilities |
1.908 |
3.555 |
2.924 |
|
(d) Short-term provisions |
0.351 |
0.357 |
0.288 |
|
Total Current Liabilities
(4) |
52.743 |
55.019 |
54.076 |
|
|
|
|
|
|
TOTAL |
83.624 |
82.950 |
81.717 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
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(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
23.077 |
21.578 |
21.669 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
1.027 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.003 |
1.206 |
0.003 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.865 |
0.963 |
0.890 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
23.945 |
23.747 |
23.589 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
17.393 |
20.905 |
20.166 |
|
(c) Trade receivables |
39.743 |
34.159 |
34.446 |
|
(d) Cash and cash
equivalents |
0.551 |
0.353 |
0.303 |
|
(e) Short-term loans and
advances |
1.992 |
3.786 |
3.213 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
59.679 |
59.203 |
58.128 |
|
|
|
|
|
|
TOTAL |
83.624 |
82.950 |
81.717 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
259.857 |
217.738 |
189.975 |
|
|
Other Income |
NA |
NA |
3.399 |
|
|
TOTAL (A) |
NA |
NA |
193.374 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
160.433 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(1.755) |
|
|
Employees benefits
expense |
|
|
5.722 |
|
|
Other expenses |
|
|
18.169 |
|
|
TOTAL (B) |
NA |
NA |
182.569 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
10.805 |
||
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
|
|
5.385 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
5.449 |
4.732 |
5.420 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.720 |
1.571 |
1.681 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX
(E-F) (G) |
3.729 |
3.161 |
3.739 |
|
|
|
|
|
|
|
Less |
TAX (H) |
1.159 |
0.271 |
1.045 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H)
(I) |
2.570 |
2.890 |
2.694 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD (K) |
18.003 |
15.113 |
12.419 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S (J+K+L-M) |
20.573 |
18.003 |
2.694 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
39110 EURO |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
28.609 |
33.478 |
35.562 |
|
|
TOTAL IMPORTS |
28.609 |
33.478 |
35.562 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
51.40 |
57.80 |
53.87 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.99 |
1.33 |
1.42 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
5.69 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.46 |
3.87 |
4.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.13 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.36 |
1.48 |
1.77 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.08 |
1.07 |
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 |
5.000 |
5.000 |
5.000 |
|
Reserves & Surplus |
16.252 |
19.142 |
21.712 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
21.252 |
24.142 |
26.712 |
|
|
|
|
|
|
long-term borrowings |
4.057 |
1.357 |
1.577 |
|
Short term borrowings |
33.471 |
34.320 |
34.684 |
|
Total borrowings |
37.528 |
35.677 |
36.261 |
|
Debt/Equity ratio |
1.766 |
1.478 |
1.357 |
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 |
189.975 |
217.738 |
259.857 |
|
|
|
14.614 |
19.344 |
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
189.975 |
217.738 |
259.857 |
|
Profit |
2.694 |
2.890 |
2.570 |
|
|
1.42% |
1.33% |
0.99% |
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 |
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 |
No |
|
HIGH COURT OF GUJARAT STAMP NUMBER No.57 OF 2013 Status
: PENDING
CCIN No : 001087201300057 Last Listing
Date : 23/01/2013 Coram ADDITIONAL REGISTRAR
(JUDICAL) S. NO. Name of The Petitioner
Advocate On Record 1 OFFICIAL LIQUIDATOR OF GOHIL
PACKAGING OFFICIAL LIQUIDATOR
for : Petitioner(s) - 1 PRIVATE LIMITED
MR. JS YADAV for : Petitioner (s) – 1 S No. Name
of The Respondent
Advocate On Record 1 BANK OF INDIA 2 RAMANLAL SHAMJIBHAI GOHIL 3 TILAK POLYPACK P. LTD 4 ARCHIT POLYMERS P. LTD President
On : 08/01/2013
Registered on : 08/01/2013 Bench Category : SINGLE BENCH
District :
AHMEDABAD Case Originated
From : THROUGH HIS/ HER/
THEIR Listed : 0 times
ADVOCATE Stage Name : OFFICE OBJECTION (FILING
STAGE) Office Objection Filling
Stage : WHETHER CPOIES ARE
LEGIBLE AND WHETHER TYPED COPIES OF HAND WRITTEN ANNEXURIES FILED? Classification
: SJ – OJ – COMPANY APPLICATION – COMPANIES ACT, 1956 – FROM BOARD FRO
INDUSTRIES
FINANCE AND COMPANIES ACT, 1956 Court Proceedings No. Notified Court Code Board Stage Action Coram Date Sr. No. OFFICE OBJECTION (FILING NEXT DATE ADDITIONAL 23/01/2013 51 STAGE) REGISTAR
(JUSICAL) |
|
|
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Deposits |
|
|
|
From Directors |
1.151 |
1.051 |
|
From Shareholders |
4.129 |
5.631 |
|
Total |
5.280 |
6.682 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10519618 |
06/09/2014 |
65,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL (WEST) |
C20336095 |
|
2 |
10509077 |
15/07/2014 |
65,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL ((WEST)), MUMBAI, MAHARASHTRA - 400013, INDIA |
C11352572 |
CORPORATE
INFORMATION
The company is a Private Limited Company incorporated under the
Companies Act, 1956. The company is engaged in the business of manufacturing of
Co-Extruded Films and allied products.
OPERATION:
The company has manufactured film of Kgs.21019605 as against Kgs.2221801
(Including Job work Qty. of 52323 Kgs.) in the previous year and achieved sales
of Rs.259.857 Million during the year as against Rs. 217.738 Million in the
previous year. They hope that production and sales will increase in the next
year.
NOTE:
The Registered Office of the company has been shifted from 15A, Manek
Baug Society, S.M. Road, Ahmedabad – 380 015, Gujarat, India to the present
address w.e.f. 07.04.2007.
FIXED ASSETS
- Freehold Land
- Buildings
- Plant and
Machinery
- Furniture and
Fixtures
- Vehicles
- Electric
Fittings
- Computers
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.62.35 |
|
|
1 |
Rs.93.10 |
|
Euro |
1 |
Rs.67.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
MAN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
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 |
YES |
|
--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.