MIRA INFORM REPORT
|
Report No. : |
320172 |
|
Report Date : |
30.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRINCEWARE INTERNATIONAL PRIVATE LMITED (w.e.f. 09.07.2008) |
|
|
|
|
Formerly Known
As : |
PRINCE PLASTICS INTERNATIONAL PRIVATE LIMITED |
|
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|
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Registered
Office : |
Omkar Esquare, 7th Floor, Opposite Sion - Chunabhatti
Signal, Eastern Express Highway, Sion (East), Mumbai-400022, Maharashtra |
|
Tel. No.: |
91-22-24082288 |
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|
|
Country : |
India |
|
|
|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.11.1992 |
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|
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Com. Reg. No.: |
11-069561 |
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Capital
Investment / Paid-up Capital : |
Rs.18.450
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209MH1992PTC069561 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP07023C |
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|
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PAN No.: [Permanent Account No.] |
AAACP3346H |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer, Exporter and Importer of Plastic Housewares, Kitchware etc. |
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|
No. of Employees
: |
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Financial position of the company seems to be decent. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered 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 |
Term Loan = BBB - |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk |
|
Date |
February 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Limit = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
February 2014 |
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. Sanjay Mhatre |
|
Designation : |
Senior Manager Account and Financial |
|
Contact No.: |
91-22-24082288 |
|
Date : |
29.04.2015 |
LOCATIONS
|
Registered Office/ Corporate Office : |
Omkar Esquare, 7th Floor, Opposite Sion - Chunabhatti Signal,
Eastern Express Highway, Sion (East), Mumbai-400022, Maharashtra, India |
|
Tel. No.: |
91-22-24082288 / 24084422 / 24017711 |
|
Fax No.: |
91-22-24072244 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2500 sq. ft. |
|
Location: |
Owned |
|
|
|
|
Factory : |
24/4, Kachigam Road, Village Ringanwada, Nani, Daman - 396210, Daman
and Diu, India |
|
Tel. No.: |
91-260-2242041 / 2242042 |
|
Fax No.: |
91-260-2242042 / 2241913 |
|
Location: |
Owned |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rakesh Kishore Chheda |
|
Designation : |
Director |
|
Address : |
801/ 802, Omkar Co-Operative Housing Society, 511/B, Matunga Estate, R.P.
Masani Road, Matunga, Mumbai-400019, Maharashtra, India |
|
Date of Birth/Age : |
17.03.1968 |
|
Date of Appointment : |
16.11.1992 |
|
PAN No.: |
AAAPC5779J |
|
DIN No.: |
00019209 |
|
|
|
|
Name : |
Ms. Neena R Chheda |
|
Designation : |
Director |
|
Address : |
801/ 802, Omkar Co-Operative Housing Society, 511/B, Matunga Estate,
R.P. Masani Road, Matunga, Mumbai-400019, Maharashtra, India |
|
Date of Birth/Age : |
08.06.1971 |
|
Date of Appointment : |
03.10.2011 |
|
PAN No.: |
AEZPC6766J |
|
DIN No.: |
03636735 |
|
|
|
|
Name : |
Mr. Nathalal Samji Dudhagara |
|
Designation : |
Director |
|
Address : |
3, Nilmani Navroji Lane, Ghatkopar (West), Mumbai – 400086,
Maharashtra, India |
|
Date of Birth/Age : |
15.08.1944 |
|
Date of Appointment : |
30.09.2013 |
|
DIN No.: |
00089612 |
KEY EXECUTIVES
|
Name : |
Mr. Sanjay Mhatre |
|
Designation : |
Senior Manager Account and Financial |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Kishore Shamji Chheda |
|
23700 |
|
Rakesh Kishore Chheda |
|
1023150 |
|
Rakesh Kishore Chheda HUF |
|
213200 |
|
Nina Rajkesh Chheda |
|
92250 |
|
Divyansh Rakesh Chheda |
|
213200 |
|
Dhvani Rakesh Chheda |
|
94800 |
|
Bhavesh Kishore Chheda |
|
184500 |
|
Prince Plastics India Private Limited, India |
|
100 |
|
Prism Design N Tooling Technology Private Limited, India |
|
100 |
|
Total |
|
1845000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Other top fifty (50) shareholders |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Plastic Housewares, Kitchware etc. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
(Approximately) |
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Bankers : |
Tel. No.: 91-22-22611954
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Facilities : |
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Auditors : |
|
|
Name : |
Chaturvedi and Shah Chartered Accountants |
|
Address : |
714-715, Tulsaini Chambers, 212, Nariman Point, Mumbai –
400021, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFC0662N |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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|
|
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Enterprises which
are owned, or have significant influence of or are partners with Key management personnel and their
relatives: |
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Subsidiary company: |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2500000 |
Equity Shares |
Rs.10/- each |
Rs.25.000 Million |
|
2500000 |
Preference Shares |
Rs.10/- each |
Rs.25.000 Million |
|
|
Total |
|
Rs.50.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1845000 |
Equity Shares |
Rs.10/- each |
Rs.18.450 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 |
18.450 |
18.450 |
18.450 |
|
(b) Reserves & Surplus |
665.943 |
606.355 |
547.904 |
|
(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) |
684.393 |
624.805 |
566.354 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
468.550 |
432.308 |
329.417 |
|
(b) Deferred tax liabilities
(Net) |
28.527 |
43.844 |
50.917 |
|
(c) Other long term
liabilities |
23.741 |
32.469 |
0.000 |
|
(d) long-term provisions |
13.889 |
10.158 |
31.601 |
|
Total
Non-current Liabilities (3) |
534.707 |
518.779 |
411.935 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
705.603 |
672.133 |
770.856 |
|
(b) Trade payables |
433.870 |
198.151 |
201.730 |
|
(c) Other current liabilities |
184.706 |
411.652 |
98.992 |
|
(d) Short-term provisions |
0.000 |
0.000 |
22.368 |
|
Total
Current Liabilities (4) |
1324.179 |
1281.936 |
1093.946 |
|
|
|
|
|
|
TOTAL |
2543.279 |
2425.520 |
2072.235 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
667.487 |
592.478 |
643.577 |
|
(ii) Intangible Assets |
57.087 |
1.660 |
0.150 |
|
(iii) Capital work-in-progress |
22.545 |
86.883 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
134.803 |
134.803 |
134.686 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Foreign currency monetary
item translation difference asset account |
16.168 |
13.593 |
2.657 |
|
(e) Long-term Loan and Advances |
20.868 |
178.007 |
205.284 |
|
(f) Other Non-current assets |
43.736 |
59.290 |
14.084 |
|
Total
Non-Current Assets |
962.694 |
1066.714 |
1000.438 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
447.840 |
421.120 |
292.735 |
|
(c) Trade receivables |
678.419 |
590.270 |
528.964 |
|
(d) Cash and cash equivalents |
69.931 |
36.088 |
197.359 |
|
(e) Short-term loans and
advances |
384.395 |
311.328 |
52.739 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
1580.585 |
1358.806 |
1071.797 |
|
|
|
|
|
|
TOTAL |
2543.279 |
2425.520 |
2072.235 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
|
|
SALES |
|
|
|
||
|
|
|
Income |
2806.414 |
2489.265 |
2167.164 |
|
|
|
|
Other Income |
31.970 |
11.640 |
14.185 |
|
|
|
|
TOTAL |
2838.384 |
2500.905 |
2181.349 |
|
|
|
|
|
|
|
||
|
Less |
EXPENSES |
2771.308 |
2417.487 |
2050.669 |
||
|
|
|
|
|
|
||
|
|
PROFIT/(LOSS)
BEFORE TAX |
67.076 |
83.418 |
130.680 |
||
|
|
|
|
|
|
||
|
Less |
TAX |
7.488 |
19.717 |
31.447 |
||
|
|
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|
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||
|
|
PROFIT/(LOSS)
AFTER TAX |
59.588 |
63.701 |
99.233 |
||
|
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||
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
317.827 |
254.126 |
178.972 |
||
|
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|
|
|
||
|
Less |
APPROPRIATIONS |
|
|
|
||
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
|
|
|
|
|
Proposed
Final Dividend |
0.000 |
0.000 |
24.079 |
|
|
|
|
Tax on Proposed Dividend |
0.000 |
0.000 |
|
|
|
|
BALANCE CARRIED
TO THE B/S |
377.415 |
317.827 |
254.126 |
||
|
|
|
|
|
|
||
|
|
Earnings Per
Share (Rs.) |
32.30 |
34.53 |
53.78 |
||
Expected Sales (2014-2015) : Rs.2800.000 Million
The above information has been parted by Mr. Sanjay Mhatre
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.12 |
2.56 |
4.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.83 |
3.81 |
6.75 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.13 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.72 |
1.77 |
1.94 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.19 |
1.06 |
0.98 |
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 |
18.450 |
18.450 |
18.450 |
|
Reserves & Surplus |
547.904 |
606.355 |
665.943 |
|
Net
worth |
566.354 |
624.805 |
684.393 |
|
|
|
|
|
|
long-term borrowings |
329.417 |
432.308 |
468.550 |
|
Short term borrowings |
770.856 |
672.133 |
705.603 |
|
Total
borrowings |
1100.273 |
1104.441 |
1174.153 |
|
Debt/Equity
ratio |
1.943 |
1.768 |
1.716 |
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 |
2167.164 |
2489.265 |
2806.414 |
|
|
|
14.863 |
12.741 |
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 |
2167.164 |
2489.265 |
2806.414 |
|
Profit |
99.233 |
63.701 |
59.588 |
|
|
4.58% |
2.56% |
2.12% |
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 |
121.606 |
110.746 |
71.166 |
|
|
|
|
|
|
Total |
121.606 |
110.746 |
71.166 |
|
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 |
Yes |
|
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 |
YEAR IN RETROSPECT: -
During the year the turnover of the company has jumped from Rs. 2489.265 Million to Rs.2806.414 Million mainly due to penetration in Local Business. Also during the year, the Company has successful had a foothold into the business of trading in Luggage. The PAT of the company have reduced from Rs. 83.418 Million to Rs. 67.076 Million on account of loss in Foreign Exchange fluctuations. Correspondingly, the Net results were subdued from Rs.67.301 Million to Rs.59.588 Million. and hence were not as expected.
BUSINESS:-
The company has successfully made a mark into trading of luggage and have opened its own retail stores so as to be able to reach the customer directly. Company is also under process of expanding the capacity during the year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from directors |
211.904 |
34.865 |
|
Loans and advances from others |
35.105 |
0.000 |
|
Loans and advances from others |
0.000 |
147.132 |
|
Total |
247.009 |
181.997 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10507335 |
18/06/2014 |
40,000,000.00 |
BANK OF INDIA |
MUMBAI MID
CORPORATE BRANCH, BANK OF INDIA BLDG, |
C10073500 |
|
2 |
10500335 |
18/09/2014 * |
57,500,000.00 |
EXPORT IMPORT BANK OF INDIA |
FLOOR 21, CENTRE
ONE BUILDING, WORLD TRADE COMPLEX |
C38544979 |
|
3 |
10443388 |
19/03/2014 * |
593,300,000.00 |
BANK OF INDIA |
BANK OF INDIA, BOI
BUILDING , MEZZANINE FLOOR, FO |
C03124815 |
|
4 |
10448828 |
24/07/2013 |
60,000,000.00 |
INDUSIND BANK LTD. |
COMMERCIAL BANKING
GROUP, INDUSIND HOUSE,, 425, B |
B84908102 |
|
5 |
10439261 |
19/03/2014 * |
30,000,000.00 |
EXPORT IMPORT BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE CENTRE |
C00886010 |
|
6 |
10374105 |
25/07/2012 |
20,000,000.00 |
BANK OF INDIA |
MUMBAI MID
CORPORATE BRANCH, BANK OF INDIA BLDG.,, |
B57096646 |
|
7 |
10343950 |
13/08/2013 * |
90,000,000.00 |
EXPORT IMPORT BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE CENTRE |
B85235927 |
|
8 |
10343356 |
16/08/2013 * |
349,500,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE
CIRCLE, ALKAPURI, BARODA, GUJ |
B85863850 |
|
9 |
10352459 |
09/03/2012 |
110,000,000.00 |
INDUSIND BANK LTD. |
INDUSIND
HOUSE.425,, DADASAHEB BHADKAMKAR MARG, O |
B38488250 |
|
10 |
10245613 |
02/02/2011 * |
88,800,000.00 |
EXPORT-IMPORT BANK OF INDIA |
CENTRE ONE
BUILDING, FLOOR 21, WORLD TRADE CENTRE |
B05408646 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Vehicles
- Office equipment
- Computer equipments
Intangible assets
- Goodwill
- Computer software
- Prototypes
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.63.20 |
|
|
1 |
Rs.91.01 |
|
Euro |
1 |
Rs.69.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
47 |
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.