MIRA INFORM REPORT
|
Report No. : |
318023 |
|
Report Date : |
21.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
ADANI PETRONET (DAHEJ) PORT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Adani House, Near Mithakhali |
|
Tel. No.: |
91-79-26565555 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.01.2003 |
|
|
|
|
Com. Reg. No.: |
04-041919 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3461.538 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63012GJ2003PTC041919 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA03958D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECA5046R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business
: |
Subject is engaged in Business of Operating and Maintaining Port and Related Infrastructure. |
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|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
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Litigation : |
Clear |
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Comments : |
Subject is a subsidiary of “Adani Ports” and “Special Economic Zone
Limited”. It is an established company having satisfactory track record. Profits of the company has dipped during FY 2014 however, general
financial position of the company is good. The company also receives good financial
and managerial support from its holding company. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of strong holding support, the company can be considered
normal for business dealings at usual trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Fund Based Limits A- |
|
Rating Explanation |
Adequate degree of safety and carry low credit risk |
|
Date |
January 2015 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Kamlesh Prabhudas Bhagia |
|
Designation : |
Secretary |
|
Contact No.: |
91-9925230131 |
|
Date : |
18.04.2015 |
LOCATIONS
|
Registered Office : |
Adani House, Near Mithakhali |
|
Tel. No.: |
91-79-26565555 |
|
Contact No.: |
91-9925230131 (Mr. K. Bhagia) |
|
Fax No.: |
91-79-26565500 |
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E-Mail : |
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|
Website : |
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Dahej Port : |
At and Po: Lakhigam, Taluka Vagra, Via Dahej, District Bharuch –
392130, Gujarat, India |
DIRECTORS
As on: 30.07.2014
|
Name : |
Mr. Jagannadha Rao
Gudena |
|
Designation : |
Managing director |
|
Address : |
B/44, May Fair Appartment, Opp. Ashwamegh-1, B/H. I.O.C Petrol Pump, Ahmedabad, 380015, Gujarat, India |
|
Date of Birth/Age : |
02.05.1953 |
|
Date of Appointment : |
28.04.2014 |
|
DIN No.: |
01724002 |
|
|
|
|
Name : |
Mr. Ravi Bhamidipaty |
|
Designation : |
Director |
|
Address : |
26, Amrashirish Bungalows, Opposite Chimanbhai Patel, Institute
Prahaladnagar, Ahmedabad – 380051, Gujarat, India |
|
Date of Birth/Age : |
12.10.1962 |
|
Date of Appointment : |
22.09.2009 |
|
DIN No.: |
00160891 |
|
|
|
|
Name : |
Mr. Ashok Bhupal Balyan |
|
Designation : |
Director |
|
Address : |
B-45, Asiad Village, Chhota Singh Block, New Delhi – 110049, India |
|
Date of Birth/Age : |
02.07.1951 |
|
Date of Appointment : |
06.08.2010 |
|
DIN No.: |
00793181 |
|
|
|
|
Name : |
Mr. Karan Gautambhai Adani |
|
Designation : |
Director |
|
Address : |
Shantivan Farm Behind Karnavti Club, Gandhinagar Sarkhej Highway,
Ahmedabad – 380058, Gujarat, India |
|
Date of Birth/Age : |
07.04.1987 |
|
Date of Appointment : |
02.05.2011 |
|
DIN No.: |
03088095 |
|
|
|
|
Name : |
Mr. Ravindra Kumar Garg |
|
Designation : |
Director |
|
Address : |
375- Pocket – E, Mayur Viar, Phase – II, Delhi – 110091, India |
|
Date of Birth/Age : |
01.05.1956 |
|
Date of Appointment : |
27.09.2011 |
|
DIN No.: |
00784953 |
|
|
|
|
Name : |
Mr. Sabyasachi S. Hajara |
|
Designation : |
Director |
|
Address : |
Lodha Bellissimo, Apollo
Mill Compound, Near Arthur Road Jail, N.M. Joshi Marg, Mumbai-400011,
Maharashtra, India |
|
Date of Birth/Age : |
03.12.1952 |
|
Date of Appointment : |
21.01.2013 |
|
DIN No.: |
00004485 |
|
|
|
|
Name : |
Mr. Rakesh Lalsingh Amarendra |
|
Designation : |
Director |
|
Address : |
Collector's Bunglow,, Godhara-389001, Gujarat, India |
|
Date of Birth/Age : |
21.07.1964 |
|
Date of Appointment : |
28.04.2014 |
|
DIN No.: |
00063819 |
|
|
|
|
Name : |
Mr. Rajender Jagbir Singh |
|
Designation : |
Alternate Director |
|
Address : |
111, Surya Appartments, Dwarka, Sector - 6,, New Delhi, 110075, Delhi, India |
|
Date of Birth/Age : |
20.07.1959 |
|
Date of Appointment : |
25.01.2013 |
|
DIN No.: |
06435374 |
KEY EXECUTIVES
|
Name : |
Mr. Kamlesh Prabhudas Bhagia |
|
Designation : |
Secretary |
|
Address : |
K-11, Gangaram Society, Dharamnagar, Sabarmati, Ahmedabad -380009, |
|
Date of Birth/Age : |
28.08.1978 |
|
Date of Appointment : |
28.08.1978 |
|
PAN No.: |
ACKPB3290M |
|
|
|
|
Name : |
Mr. Kapil Rajendrabhai Patel |
|
Designation : |
Chief Finance Officer |
|
Address : |
B-35, Sidhi Vinayak, Near Aryuvedik Collage, Bapod Road, Vadodara-390019, Gujarat, India |
|
PAN No.: |
ARUPP4628G |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.07.2014
|
Names of Shareholders |
|
No. of Shares |
|
Petronet LNG Limited, India |
|
90000000 |
|
Adani Ports and Special Economic Zone Limited, India |
|
256153846 |
|
Mahadevia Ramesh Malay (Nominee of Adani Ports and Special Economic
Zone Limited) |
|
10 |
|
Ravi Bhamidipaty (Nominee of Adani Ports and Special
Economic Zone Limited) |
|
10 |
|
Somani Jwalaprasad Azad (Nominee
of Adani Ports and Special Economic Zone Limited) |
|
10 |
|
Mayor Kiritkumar Mayur (Nominee of Adani Ports and Special Economic
Zone Limited) |
|
10 |
|
Manoj B. Chanduka (Nominee of Adani Ports and Special Economic Zone
Limited) |
|
10 |
|
Total |
|
346153896 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.07.2014
|
Category |
|
Percentage |
|
Bodies corporate |
|
100.00 |
|
Total
|
|
100.00 |
%20PORT%20PRIVATE%20LIMITED%20-%20318023_MIRA.doc%2021-Apr-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Business of Operating and Maintaining
Port and Related Infrastructure. |
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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 Available |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users, OEM’s
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Financial
Institution : |
IDBI Trusteeship Services Limited, Asian Bldg., Ground Floor, 17, R. Kamani Marg, Ballard Estate,, Mumbai - 400001, Maharashtra, India |
|
Auditors : |
|
|
Name : |
S. V. Ghatalia and Associates LLP Chartered Accountants |
|
Address : |
2nd Floor, Shivalik Ishaan, Near C. N.
Vidhyalaya, Ambawadi, Ahmedabad -380015, Gujarat, India |
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PAN No.: |
AACFS6921Q |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding
Company: |
Adani Enterprises Limited CIN No.: L51100GJ1993PLC019067 |
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Holding Company: |
Adani Ports and Special Economic Zone Limited CIN No.: L63090GJ1998PLC034182 |
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Joint Venture: |
Petronet LNG Limited CIN No.: L74899DL1998PLC093073 |
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Fellow Subsidiary: |
[CIN No.: U40101GJ2007PLC050506]
[CIN No.: U40104GJ2008PLC052743]
[CIN No.: U63090GJ2005PLC046419]
[CIN No.: U40100GJ2006PLC047672]
[CIN No.: U61100GJ2009PTC057727]
[CIN No.: U40200GJ2008PTC054045]
[CIN No.: U45203GJ2011PTC064976]
[CIN No.: U45209GJ2009PTC058789] |
CAPITAL STRUCTURE
As on: 30.07.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
350000000 |
Equity Shares |
Rs.10/- each |
Rs. 3500.000 Million |
|
|
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|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
346153846 |
Equity Shares |
Rs.10/- each |
Rs. 3461.538
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 |
3461.538 |
3461.538 |
3461.538 |
|
(b) Reserves & Surplus |
433.804 |
306.505 |
(368.699) |
|
(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) |
3895.342 |
3768.043 |
3092.839 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
5821.266 |
5890.872 |
6136.756 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
752.809 |
562.007 |
364.019 |
|
Total
Non-current Liabilities (3) |
6574.075 |
6452.879 |
6500.775 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
204.125 |
|
(b) Trade payables |
125.048 |
157.270 |
78.292 |
|
(c) Other current liabilities |
596.000 |
607.112 |
593.903 |
|
(d) Short-term provisions |
194.775 |
3.291 |
1.197 |
|
Total
Current Liabilities (4) |
915.823 |
767.673 |
877.517 |
|
|
|
|
|
|
TOTAL |
11385.240 |
10988.595 |
10471.131 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9410.895 |
8832.813 |
8270.723 |
|
(ii) Intangible Assets |
9.019 |
9.572 |
10.703 |
|
(iii) Capital work-in-progress |
176.824 |
492.519 |
848.084 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
173.300 |
173.300 |
100.000 |
|
(c) Deferred tax assets (net) |
0.000 |
224.574 |
0.000 |
|
(d) Long-term Loan and Advances |
112.467 |
108.692 |
416.627 |
|
(e) Other Non-current assets |
679.748 |
1.266 |
0.000 |
|
Total
Non-Current Assets |
10562.253 |
9842.736 |
9646.137 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
108.870 |
44.976 |
22.017 |
|
(c) Trade receivables |
404.233 |
446.979 |
69.092 |
|
(d) Cash and cash equivalents |
237.842 |
429.485 |
569.853 |
|
(e) Short-term loans and
advances |
54.365 |
205.240 |
153.682 |
|
(f) Other current assets |
17.677 |
19.179 |
10.350 |
|
Total
Current Assets |
822.987 |
1145.859 |
824.994 |
|
|
|
|
|
|
TOTAL |
11385.240 |
10988.595 |
10471.131 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL REVENUE |
2984.691 |
2730.811 |
916.200 |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
1768.362 |
1611.242 |
496.324 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
127.299 |
675.204 |
(311.495) |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.37 |
1.95 |
(0.90) |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Revenue) |
(%) |
4.27 |
24.73 |
(34.00) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/ Total Revenue) |
(%) |
59.25 |
59.00 |
54.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.49 |
1.56 |
2.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90 |
1.49 |
0.94 |
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 |
3461.538 |
3461.538 |
3461.538 |
|
Reserves & Surplus |
(368.699) |
306.505 |
433.804 |
|
Net
worth |
3092.839 |
3768.043 |
3895.342 |
|
|
|
|
|
|
long-term borrowings |
6136.756 |
5890.872 |
5821.266 |
|
Short term borrowings |
204.125 |
0.000 |
0.000 |
|
Total
borrowings |
6340.881 |
5890.872 |
5821.266 |
|
Debt/Equity
ratio |
2.050 |
1.563 |
1.494 |
%20PORT%20PRIVATE%20LIMITED%20-%20318023_MIRA.doc%2021-Apr-2015_files/image015.gif)
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) |
|
Total Revenue |
916.200 |
2730.811 |
2984.691 |
|
|
|
198.058 |
9.297 |
%20PORT%20PRIVATE%20LIMITED%20-%20318023_MIRA.doc%2021-Apr-2015_files/image017.gif)
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 |
916.200 |
2730.811 |
2984.691 |
|
Profit |
(311.495) |
675.204 |
127.299 |
|
|
(34.00%) |
24.73% |
4.27% |
%20PORT%20PRIVATE%20LIMITED%20-%20318023_MIRA.doc%2021-Apr-2015_files/image019.gif)
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT
(Rs.
In Million)
|
Particular |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities
of long-term debt |
409.930 |
390.204 |
379.242 |
|
Total |
|
|
|
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
PERFORMANCE REVIEW:
Cargo volume increased by 4% from 75.57 MT Lac in FY 2012-13 to 78.93 MT in FY 2013-14;
Total revenue increased by 9% from Rs. 2730.811 Lac in FY 2012-13 to Rs. 2984.691 Million in FY 2013-14;
The earnings before interest, depreciation and tax for the FY 2013-14 stood at Rs. 1768.362 Million as compared to Rs. 1611.242 Million in FY 2012-13 registering growth of 10%.
The cargo handling operations at the port is highly mechanized. The port is well connected with road and railway.
This extensive infrastructure at Dahej Port offers value-added service to the customers, including in-house customer clearance, logistics & storage and to achieve vertical integration and its related synergies.
INDEX OF CHARGES
* Date of charge modification
FIXED ASSETS
- Building
- Temporary Structure
- Plant and Machinery
- Electrical Installation
- Office Equipments
- Furniture and Fixture
- Computer Hardware
- Vehicles
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. 62.56 |
|
|
1 |
Rs. 93.56 |
|
Euro |
1 |
Rs. 67.49 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
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 |
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 |
|
46 |
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.