MIRA INFORM REPORT
|
Report No. : |
335591 |
|
Report Date : |
04.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARVIND INORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
113, Park Street, Poddar Point-North Block, 7th Floor, Kolkata – 700016, West Bengal |
|
Tel. No.: |
91-33-40071516/17/19 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
29.07.2006 |
|
|
|
|
Com. Reg. No.: |
21-110921 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.12.765 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24117WB2006PTC110921 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Dealer of chemicals. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow and delayed |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. As per the financial of 2014 and 2013, the company has incurred heavy operational
loss. Rating takes into consideration, subjects weak financial risk profile
marked by relatively low reserves, high gearing, small networth and modest
scale of operations. Company’s liquidity position seems to be weak. However rating also takes into consideration, extensive experience of
ALPV’s promoters in the chemical industry. Trade relations are fair. Business is active. Payment terms are
reported to be slow and delayed. Subject can be considered for business on safe and secured business
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.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CRISIL |
|
Rating |
Long Term Rating D |
|
Rating Explanation |
Lowest credit quality and very low prospects of recovery. |
|
Date |
March 28, 2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating (D) |
|
Rating Explanation |
Lowest credit quality and very low prospects of recovery. |
|
Date |
March 28, 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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Shyamal Das |
|
Designation : |
Accountant |
|
Contact No.: |
91-33-40071516 |
LOCATIONS
|
Registered Office / Corporate Office: |
113, Park Street, Poddar Point-North Block, 7th Floor, Kolkata – 700016, West Bengal, India
|
|
Tel. No.: |
91-33-40071516/17/19 |
|
Fax No.: |
91-33-21234272/ 40675003 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Village Gaitra, RO. Raikheda, Block and Tehsil: Tilda, District:
Raipur, Chhattisgarh, India |
|
Fax No.: |
91-77-21234272 |
|
E-Mail : |
|
|
|
|
|
Godown: |
179/8, Badu Road, P/O Badu, Madhyamgram, 24, Parganas (N), West
Bengal, India |
DIRECTORS
AS ON: 30.09.2014
|
Name : |
Mr. Raj Kumar Bubna |
|
Designation : |
Director |
|
Address : |
113, Park Street, Poddar Point-North Block, 7th Floor, Kolkata – 700016, West Bengal, India |
|
Date of Birth/Age : |
05.02.1941 |
|
Date of Appointment : |
29.07.2006 |
|
DIN No.: |
00644629 |
|
|
|
|
Name : |
Mr. Arvind Bubna |
|
Designation : |
Director |
|
Address : |
113, Park Street, Poddar Point-North Block, 7th Floor, Kolkata – 700016, West Bengal, India |
|
Date of Birth/Age : |
30.06.1970 |
|
Date of Appointment : |
29.07.2006 |
|
DIN No.: |
00644648 |
|
|
|
|
Name : |
Mr. Avinash Bubna |
|
Designation : |
Director |
|
Address : |
113, Park Street, Poddar Point-North Block, 7th Floor, Kolkata – 700016, West Bengal, India |
|
Date of Birth/Age : |
18.08.1973 |
|
Date of Appointment : |
29.07.2006 |
|
DIN No.: |
00644663 |
KEY EXECUTIVES
|
Name : |
Mr. Shyamal Das |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Raj Kumar Bubna |
|
5250 |
|
Arvind Bubna |
|
3300 |
|
Avinash Bubna |
|
5000 |
|
Avinash Bubna HUF |
|
1000 |
|
Raj Kumar Bubna HUF |
|
1000 |
|
Bubna Consultancy Private Limited, India |
|
4000 |
|
Surekha Bubna |
|
2450 |
|
Kusum Lata Bubna |
|
5800 |
|
Pixel Commosales Private Limited, India |
|
2000 |
|
RKB Marketing Private Limited, India |
|
42500 |
|
RKB Distribution Private Limited, India |
|
41350 |
|
Satelite Vintrade Private Limited, India |
|
2000 |
|
Veshnawy Vyapaar Private Limited, India |
|
4000 |
|
Sedan Trading Private Limited, India |
|
5000 |
|
Rootstar Builders Private Limited, India |
|
1000 |
|
Hariom Mansions Private Limited, India |
|
1000 |
|
Empire Niketan Private Limited, India |
|
1000 |
|
|
|
|
|
Total |
|
127650 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
81.36 |
|
Directors or relatives of Directors |
18.64 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Dealer of chemicals. |
|
|
|
|
Products : |
Chemicals |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Chemicals |
|
Countries : |
Nepal Bangladesh |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Malaysia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS (31.03.2013)
|
Particulars |
Unit |
Actual
Production |
|
Barium Carbonate |
MT |
1725.100 |
|
Sodium Sulphide (Flakes) |
MT |
627.630 |
|
Sodium Sulphide (Liquid) |
MT |
1001.420 |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
Bhandari B.C. and Company Chartered Accountants |
|
Address : |
1/1A, Biplabi Anukul Chndni Street, Electronic Centre, Kolkata -
700072 |
|
Tel No.: |
91-33-22126135/ 6104 |
|
Fax No.: |
91-33-30220182 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFB3313K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
127650 |
Equity Shares |
Rs.100/- each |
Rs. 12.765
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 |
12.765 |
12.765 |
12.765 |
|
(b) Reserves &
Surplus |
4.266 |
4.357 |
10.800 |
|
(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) |
17.031 |
17.122 |
23.565 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
2.485 |
10.109 |
15.443 |
|
(b) Deferred tax
liabilities (Net) |
1.330 |
1.115 |
1.127 |
|
(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) |
3.815 |
11.224 |
16.570 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
62.807 |
61.781 |
42.609 |
|
(b) Trade payables |
40.576 |
39.730 |
40.411 |
|
(c) Other current
liabilities |
20.671 |
14.077 |
14.130 |
|
(d) Short-term provisions |
0.029 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
124.083 |
115.588 |
97.150 |
|
|
|
|
|
|
TOTAL |
144.929 |
143.934 |
137.285 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
63.387 |
55.357 |
61.244 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
2.062 |
12.927 |
6.461 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
2.364 |
2.364 |
2.326 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
67.813 |
70.648 |
70.031 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
36.003 |
35.608 |
31.274 |
|
(c) Trade receivables |
32.257 |
26.402 |
30.861 |
|
(d) Cash and cash
equivalents |
3.426 |
3.002 |
2.473 |
|
(e) Short-term loans and
advances |
5.430 |
8.274 |
2.646 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
77.116 |
73.286 |
67.254 |
|
|
|
|
|
|
TOTAL |
144.929 |
143.934 |
137.285 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
159.079 |
154.155 |
178.454 |
|
|
Other Income |
9.793 |
10.907 |
4.643 |
|
|
TOTAL |
168.872 |
165.062 |
183.097 |
|
|
|
|
|
|
|
Less |
EXPENSES |
163.044 |
164.972 |
181.342 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
5.828 |
0.090 |
1.755 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.676 |
6.544 |
7.504 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
0.152 |
(6.454) |
(5.749) |
|
|
|
|
|
|
|
Less |
TAX |
0.243 |
(0.012) |
0.278 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
(0.091) |
(6.442) |
(6.027) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(18.237) |
(11.795) |
(5.768) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(18.328) |
(18.237) |
(11.795) |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
0.000 |
0.583 |
|
|
Capital Goods / Trading
Goods Titanium Di-Oxide |
NA |
3.324 |
0.000 |
|
|
TOTAL IMPORTS |
NA |
3.324 |
0.583 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(0.71) |
(50.47) |
(47.22) |
CURRENT
MATURITIES OF LONG TERM BORROWINGS DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term borrowings |
7.193 |
8.880 |
8.393 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flows from (used in)
operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.06) |
(4.18) |
(3.38) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.11 |
(4.93) |
(4.39) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
(0.38) |
(0.24) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.26 |
4.72 |
2.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.62 |
0.63 |
0.69 |
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 |
12.765 |
12.765 |
12.765 |
|
Reserves & Surplus |
10.800 |
4.357 |
4.266 |
|
Net worth |
23.565 |
17.122 |
17.031 |
|
|
|
|
|
|
long-term borrowings |
15.443 |
10.109 |
2.485 |
|
Short term borrowings |
42.609 |
61.781 |
62.807 |
|
Current Maturities of
Long Term Debt |
8.393 |
8.880 |
7.193 |
|
Total borrowings |
66.445 |
80.770 |
72.485 |
|
Debt/Equity ratio |
2.820 |
4.717 |
4.256 |
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 |
178.454 |
154.155 |
159.079 |
|
|
|
(13.616) |
3.194 |
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 |
178.454 |
154.155 |
159.079 |
|
Profit/ Loss |
(6.027) |
(6.442) |
(0.092) |
|
|
(3.38%) |
(4.18%) |
(0.06%) |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
---- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
-- |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
No |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
---- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
--- |
|
33 |
Market information |
---- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
REVIEW OF OPERATIONS
The company has achieved turnover of Rs. 159.100 Million during the year compared to Rs.154.200 Million in the immediate previous year. The directors regret for the loss incurred for another successive year. They promise to make best effort to maximize profit in future. They are making further efforts to accelerate the pace of growth and to expand the business volume in the years to come.
The Directors are hopeful of resolving all issues soon and are confident of getting better results in year to come.
UNSECURED LOAN
|
PARTICULAR |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Demand Loans from related parties |
1.700 |
1.000 |
|
Demand Loans from bodies Corporate
|
25.659 |
25.607 |
|
Total |
27.359 |
26.607 |
INDEX OF CAHREGS:
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10116679 |
24/01/2015 * |
45,290,000.00 |
STATE BANK OF INDIA |
N. S. ROAD BRANCH, 8, N. S. ROAD, KOLKATA, WEST B |
C47090659 |
|
2 |
10116682 |
24/01/2015 * |
45,290,000.00 |
STATE BANK OF INDIA |
N. S. ROAD BRANCH, 8, N. S. ROAD, KOLKATA, WEST B |
C47537527 |
* Date of charge modification
CONTINGENT
LIABILITIES:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Unexpired Letters of Credit |
0.000 |
3.263 |
FIXED ASSETS
- Land and site development
- Factory building and sheds
- Plant and Machinery
- Generator
- Pay Loader
- Laboratory Equipment’s
- Furniture and Fixtures
- Air conditioner, Coolers
- Computer
- Motor Car
- Motor Cycle
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.63.96 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
1 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
1 |
|
--PROFITABILITY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
12 |
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.