MIRA INFORM REPORT
|
Report No. : |
319414 |
|
Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
FUJIFILM SERICOL INDIA PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
SERICOL INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
10/11, B. U. Bhandari Industrial Estate, Gat No. 151/2-2, Shirur,
Sanaswadi, Pune – 412208, Maharashtra |
|
Tel. No.: |
91-2137-392500 / 252048 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.02.1996 |
|
|
|
|
Com. Reg. No.: |
097416 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.73.458 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24223MH1996PTC097416 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCS0098L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The Company is primarily engaged in the manufacturing and marketing of printing inks, thinners and additives and trading of printing inks, thinners, additives and digital machines. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (58) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is subsidiary of Fujifilm Sericol International Limited. It is
an established company having fine track. The company has reported another good financial year performance
during FY2014. The sales turnover of the company grew by 27% whereas,
profitability has increased by 38% during year under review. Furthermore, the
company has healthy financial risk profile marked by strong networth, debt
free balance sheet and comfortable liquidity position during FY2014. Trade relations are reported to be fair. Business is active. Payments
are reported to be regular and as per commitment. In view of aforesaid, subject 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 |
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. Sunil Kumar Happa |
|
Designation : |
Whole-time director |
|
Contact No.: |
91-2137-392500 |
|
Date : |
27.04.2015 |
LOCATIONS
|
Registered Office / Factory: |
10/11, B. U. Bhandari Industrial Estate, Gat No. 151/2-2, Shirur,
Sanaswadi, Pune – 412208, Maharashtra, India |
|
Tel. No.: |
91-2137-392500 / 252048 |
|
Fax No.: |
91-2137-392555 |
|
E-Mail : |
SericolIndiareception@fujifilmsericol.com raghav.rao@fujifilmsericol.com |
|
Website : |
DIRECTORS
AS ON 24.09.2014
|
Name : |
Ganesh Rajappaiyer Krishnan |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 502, Building A-7 Kumar Preeana,, D. P. Road, Aundh, Pune - 411007, Maharashtra, India |
|
Date of Birth/Age : |
02.08.1959 |
|
Date of Appointment : |
01.09.2013 |
|
DIN No.: |
00231641 |
|
|
|
|
Name : |
Peter Joseph Kenehan |
|
Designation : |
Nominee director |
|
Address : |
24, Fitzmary Avenue,, Margate, Kent, CT95EL, United Kingdom |
|
Date of Birth/Age : |
25.11.1958 |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
03034554 |
|
|
|
|
Name : |
Takuo Ito |
|
Designation : |
Nominee director |
|
Address : |
8-19-59 Hisagi, Zushi, Kanagawa, 2490001, Japan |
|
Date of Birth/Age : |
21.07.1957 |
|
Date of Appointment : |
01.06.2010 |
|
DIN No.: |
03040700 |
|
|
|
|
Name : |
Prasanna Raghavarao Motupalli |
|
Designation : |
Managing director |
|
Address : |
A/4, Ganga Heights, S. No. 276, Ashiyana Park, Baner, Pune - 411007, Maharashtra, India |
|
Date of Birth/Age : |
20.02.1960 |
|
Date of Appointment : |
01.07.2011 |
|
DIN No.: |
03588377 |
|
|
|
|
Name : |
Robert Augustus Fassam |
|
Designation : |
Director |
|
Address : |
Sequoia, Vale Road,, Broadstairs, CT102JG, United Kingdom |
|
Date of Birth/Age : |
10.06.1959 |
|
Date of Appointment : |
18.09.2012 |
|
DIN No.: |
06399669 |
|
|
|
|
Name : |
Laxman Kashinath Sathe |
|
Designation : |
Alternate director |
|
Address : |
B - 4/501, Lunkad Colonnade, Viman Nagar, Pune - 411014, Maharashtra, India |
|
Date of Birth/Age : |
10.06.1959 |
|
Date of Appointment : |
27.05.2014 |
|
DIN No.: |
06651123 |
|
|
|
|
Name : |
Sunil Kumar Happa |
|
Designation : |
Whole-time director |
|
Address : |
Flat No. 404, Bramha Exuberance, Building E, S. No. 13/1/2/3, Nibm Road, Kondhwa, Pune - 411048, Maharashtra, India |
|
Date of Birth/Age : |
21.03.1965 |
|
Date of Appointment : |
01.09.2013 |
|
DIN No.: |
06651277 |
KEY EXECUTIVES
|
Name : |
P S Chandrasekhar |
|
Designation : |
Secretary |
|
Address : |
D-6, Kubera Gulshan, Dp. Road, Aundh, Pune - 411007, Maharashtra, India |
|
Date of Birth/Age : |
18.09.1954 |
|
Date of Appointment : |
02.01.2014 |
|
PAN No.: |
AANPC6380C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2014
|
Names of Shareholders |
No. of Shares |
|
|
|
|
Fujifilm Sericol International Limited, United Kingdom |
7345799 |
|
Prasanna Raghavarao Motupalli |
1 |
|
|
|
|
Total |
7345800 |
Equity Share Break up (Percentage of Total Equity)
AS ON 24.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company is primarily engaged in the manufacturing and marketing of printing inks, thinners and additives and trading of printing inks, thinners, additives and digital machines. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Inks, Thinners, Additives and Digital Machines. |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit |
|
|
|
|
Purchasing : |
Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
S.R. Batliboi and Company Chartered Accountants |
|
Address : |
C 401, 4Th Floor, Panchshil Techpark, Yerwada,(Near Don Bosco School), Pune – 411006, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABSFS4151K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Holding Company |
Fujifilm Sericol International Limited, U.K |
|
|
|
|
Fellow Subsidiary
companies: |
|
|
|
|
|
Holding Company of
Parent Company : |
Fujifilm Sericol Overseas Holdings Limited
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11,510,000 |
Equity Shares |
Rs.10/- each |
Rs. 115.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7,345,800 |
Equity Shares |
Rs.10/- each |
Rs.73.458 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 |
73.458 |
73.458 |
73.458 |
|
(b) Reserves & Surplus |
486.949 |
380.448 |
303.641 |
|
(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) |
560.407 |
453.906 |
377.099 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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 |
1.928 |
1.241 |
0.839 |
|
Total
Non-current Liabilities (3) |
1.928 |
1.241 |
0.839 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
39.460 |
46.642 |
35.075 |
|
(c) Other current liabilities |
11.797 |
15.326 |
11.388 |
|
(d) Short-term provisions |
10.651 |
11.574 |
7.017 |
|
Total
Current Liabilities (4) |
61.908 |
73.542 |
53.480 |
|
|
|
|
|
|
TOTAL |
624.243 |
528.689 |
431.418 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
131.278 |
120.788 |
110.789 |
|
(ii) Intangible Assets |
1.166 |
0.387 |
0.633 |
|
(iii) Capital work-in-progress |
5.665 |
5.273 |
1.802 |
|
(iv) Intangible assets under
development |
0.240 |
0.100 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
4.907 |
0.750 |
0.353 |
|
(d) Long-term Loan and Advances |
8.189 |
15.341 |
8.045 |
|
(e) Other Non-current assets |
2.802 |
0.410 |
0.110 |
|
Total
Non-Current Assets |
154.247 |
143.049 |
121.732 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
134.015 |
144.797 |
107.747 |
|
(c) Trade receivables |
125.225 |
124.581 |
111.617 |
|
(d) Cash and cash equivalents |
194.844 |
100.660 |
74.600 |
|
(e) Short-term loans and
advances |
12.882 |
13.118 |
14.130 |
|
(f) Other current assets |
3.030 |
2.484 |
1.592 |
|
Total
Current Assets |
469.996 |
385.640 |
309.686 |
|
|
|
|
|
|
TOTAL |
624.243 |
528.689 |
431.418 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
647.288 |
508.383 |
436.435 |
|
|
Other Income |
14.058 |
13.180 |
8.767 |
|
|
TOTAL (A) |
661.346 |
521.563 |
445.202 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL (B) |
480.726 |
394.402 |
328.580 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
180.620 |
127.161 |
116.622 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
1.612 |
0.542 |
0.490 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
179.008 |
126.619 |
116.132 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.368 |
13.714 |
11.903 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
162.640 |
112.905 |
104.229 |
|
|
|
|
|
|
|
Less |
TAX (H) |
56.140 |
36.099 |
33.891 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
106.500 |
76.806 |
70.338 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
69.126 |
63.305 |
50.882 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
69.126 |
70.985 |
57.915 |
|
|
Total |
69.126 |
70.985 |
57.915 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
106.500 |
69.126 |
63.305 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
220.130 |
125.475 |
103.979 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(Rs.) |
14.50 |
10.46 |
9.58 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
16.45 |
15.11 |
16.12 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
27.90 |
25.01 |
26.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
26.51 |
21.61 |
24.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.25 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.59 |
5.24 |
5.79 |
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 |
73.458 |
73.458 |
73.458 |
|
Reserves & Surplus |
303.641 |
380.448 |
486.949 |
|
Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
377.099 |
453.906 |
560.407 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
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 |
436.435 |
508.383 |
647.288 |
|
|
|
16.485 |
27.323 |
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 |
436.435 |
508.383 |
647.288 |
|
Profit |
70.338 |
76.806 |
106.500 |
|
|
16.12% |
15.11% |
16.45% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS:
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
(Rs. In Million) |
||
|
Current maturities of long-term debt |
NA |
0.000 |
0.25
|
|
|
|
|
|
|
Total |
NA |
0.000 |
0.25
|
|
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 |
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 |
Yes |
INDEX OF CHARGES : NO
CHARGES EXIST FOR COMPANY
CORPORATE INFORMATION
The company was incorporated on 19 February 1996. The Company is primarily engaged in the manufacture and marketing of printing inks, thinners and additives and trading of printing inks, thinners, additives and digital machines. The Company caters to both domestic and international markets.
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Motor vehicles
- Office equipment
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.63.61 |
|
|
1 |
Rs.96.56 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--MARGINS |
-5~5 |
--- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--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 |
|
58 |
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.