MIRA INFORM REPORT
|
Report No. : |
335146 |
|
Report Date : |
04.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
INFINITE WATER SOLUTIONS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B1/B2, 7th Floor, 701, Marathon Innova, Ganpatrao Kadam Marg, Lower
Parel, Mumbai – 400013, Maharashtra |
|
Tel. No.: |
91-22-24301725 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.04.2008 |
|
|
|
|
Com. Reg. No.: |
11-180918 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.70.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999MH2008PTC180918 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCI8898N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Membranes. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
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 |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Rating takes into consideration sound financial risk profile of the company
marked by adequate networth base and comfortable gearing in FY 2014. Further company has reported increase in sales turnover and net profit
in the year under consideration. Further it has reported strong profit
margin. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for normal business dealings with 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 |
CARE |
|
Rating |
Long term bank
facilities = BBB |
|
Rating Explanation |
Moderate degree of
safety and moderate credit risk. |
|
Date |
February 10, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank
facilities = A3+ |
|
Rating Explanation |
Moderate degree of
safety and higher credit risk. |
|
Date |
February 10, 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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Rajnish |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-30449820 |
|
Date : |
03.08.2015 |
LOCATIONS
|
Registered Office : |
B1/B2, 7th Floor, 701, Marathon Innova, Ganpatrao Kadam Marg, Lower
Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-24301725 / 30449820 / 22-30449700 |
|
Fax No.: |
91-22-30449714 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Leased |
|
|
|
|
Factory : |
No. 3946 / 61 / 62, Lal Taptar Industrial Area, Majri Grand, |
|
Tel. No.: |
91-135-2499161/62/63 |
|
Fax No.: |
91-135-2499159 |
DIRECTORS
As on 11.06.2014
|
Name : |
Mr. Suresh Lal Goklaney |
|
Designation : |
Director |
|
Address : |
2, Sital Sagar Building, Sital Baug, 64, Walkeshwar Road, Mumbai - 400006, Maharashtra, India |
|
Date of Birth/Age : |
06.04.1947 |
|
Date of Appointment : |
07.04.2008 |
|
DIN No.: |
00041048 |
|
|
|
|
Name : |
Marzin Roomi Shroff |
|
Designation : |
Director |
|
Address : |
7B Gemfrina, 630, Khareghat Road, Parsi Colony, Dadar, Mumbai - 400014, Maharashtra, India |
|
Date of Birth/Age : |
23.09.1965 |
|
Date of Appointment : |
07.04.2008 |
|
DIN No.: |
00642613 |
|
|
|
|
Name : |
Pierre Frederic Sbabo |
|
Designation : |
Director |
|
Address : |
22, Buckley Road, Singapore, 309781, Singapore |
|
Date of Appointment : |
26.12.2014 |
|
DIN No.: |
02302983 |
|
|
|
|
Name : |
Mr. Mukund Vasudevan |
|
Designation : |
Director |
|
Address : |
B-5/902 World Spa West, Sector 30, Gurgaon - 122001, Haryana, India |
|
Date of Birth/Age : |
24.10.1969 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No.: |
05146681 |
|
|
|
|
Name : |
Douglas Samuel Douglas Allan Karge |
|
Designation : |
Director |
|
Address : |
160 Crystal Dr, Hartland, Wisconsin, 53029, , United States Of America |
|
Date of Birth/Age : |
28.08.1974 |
|
Date of Appointment : |
15.03.2013 |
|
DIN No.: |
06578958 |
|
|
|
|
Name : |
Ashu Khanna |
|
Designation : |
Director |
|
Address : |
201, Bandra Anita Apts, Manvel Gonsalves Road, Bandra West, Mumbai - 400050, Maharashtra, India |
|
Date of Birth/Age : |
31.01.1970 |
|
Date of Appointment : |
04.09.2013 |
|
DIN No.: |
06693193 |
KEY EXECUTIVES
|
Name : |
Mr. Vikas Shankar Gaikwad |
|
Designation : |
Company Secretary |
|
Address : |
4/34, Murabai Chawl, G. D. Ambkar Marg, Gandhi Chowk, Naigaon, Dadar (East), Mumbai - 400014, Maharashtra, India |
|
Date of Birth/Age : |
10.01.1988 |
|
Date of Appointment : |
01.04.2014 |
|
PAN No.: |
ALVPG1141J |
|
|
|
|
Name : |
Mr. Rajnish |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS
As on 11.06.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Eureka Forbes Limited, India |
3500000 |
50.00 |
|
Pentair Global S.ÀR.l., Luxembourg |
3500000 |
50.00 |
|
Total |
7000000 |
100.00 |
As on 11.06.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Membranes. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Available |
||||
|
|
|
||||
|
Agencies Held : |
Not Available |
||||
|
|
|
||||
|
Exports : |
Not Available |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Materials |
||||
|
Countries : |
USA |
||||
|
|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
||||
|
|
|
||||
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers, End Users and OMEs
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
20 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
BSSR and Company Chartered Accountants |
|
Address : |
Building No 10, 8th Floor, Tower B, DLF Cyber City, Phase II, Gurgaon – 122002, Haryana, India |
|
PAN No.: |
AAAFB9852F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Joint venture: |
Eureka Forbes Limited, India |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 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 |
70.000 |
70.000 |
70.000 |
|
(b) Reserves & Surplus |
51.297 |
8.839 |
(12.962) |
|
(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) |
121.297 |
78.839 |
57.038 |
|
|
|
|
|
|
(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 |
0.098 |
0.092 |
0.057 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.098 |
0.092 |
0.057 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
20.471 |
0.000 |
24.923 |
|
(b) Trade payables |
37.400 |
60.843 |
58.704 |
|
(c) Other current liabilities |
1.700 |
1.116 |
4.982 |
|
(d) Short-term provisions |
0.798 |
0.072 |
1.281 |
|
Total
Current Liabilities (4) |
60.369 |
62.031 |
89.890 |
|
|
|
|
|
|
TOTAL |
181.764 |
140.962 |
146.985 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
33.022 |
36.185 |
42.565 |
|
(ii) Intangible Assets |
0.000 |
0.015 |
0.054 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.037 |
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 |
12.625 |
7.538 |
1.916 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
45.684 |
43.738 |
44.535 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
38.500 |
39.814 |
58.772 |
|
(c) Trade receivables |
69.481 |
44.137 |
42.794 |
|
(d) Cash and cash equivalents |
25.579 |
12.643 |
0.204 |
|
(e) Short-term loans and
advances |
2.319 |
0.630 |
0.680 |
|
(f) Other current assets |
0.201 |
0.000 |
0.000 |
|
Total
Current Assets |
136.080 |
97.224 |
102.450 |
|
|
|
|
|
|
TOTAL |
181.764 |
140.962 |
146.985 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL |
347.969 |
276.187 |
143.228 |
|
|
|
|
|
|
|
Less |
EXPENSES |
300.233 |
246.965 |
142.378 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
47.736 |
29.222 |
0.850 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
5.656 |
6.750 |
8.127 |
|
|
|
|
|
|
|
Less/ Add |
PRIOR PERIOD ITEMS |
0.240 |
0.000 |
0.000 |
|
|
|
|
|
|
|
Less/ Add |
EXTRAORDINARY ITEMS |
0.000 |
0.000 |
29.758 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
42.320 |
22.472 |
22.481 |
|
|
|
|
|
|
|
Less |
TAX |
2.863 |
0.671 |
0.070 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
39.457 |
21.801 |
22.411 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
8.839 |
(12.962) |
(35.373) |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
48.296 |
8.839 |
(12.962) |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
5.63 |
3.11 |
3.20 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
500.000 |
The above information has been parted by Mr. Rajnish (Accounts
Department).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
2.671 |
|
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 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
23.29 |
15.94 |
15.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.29 |
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.17 |
0.00 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.25 |
1.57 |
1.14 |
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 |
70.000 |
70.000 |
70.000 |
|
Reserves & Surplus |
(12.962) |
8.839 |
51.297 |
|
Net worth |
57.038 |
78.839 |
121.297 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
24.923 |
0.000 |
20.471 |
|
Current Maturities of
Long Term Debt |
2.671 |
0.000 |
0.000 |
|
Total borrowings |
27.594 |
0.000 |
20.471 |
|
Debt/Equity ratio |
0.484 |
0.000 |
0.169 |
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 Income |
143.228 |
276.187 |
347.969 |
|
|
|
92.830 |
25.990 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
143.228 |
276.187 |
347.969 |
|
Profit |
22.411 |
21.801 |
39.457 |
|
|
15.65% |
7.89% |
11.34% |
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 |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
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 four 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 |
Note:
Registered address has been shifted from the
Bhupesh Gupta Bhawan, 85, Sayani Road, Prabhadevi, Dadar (West), Mumbai – 400025,
Maharashtra, India to the present address w.e.f. 14.12.2009.
OPERATIONS
During the current year your company has achieved a turnover of Rs.346.060 Million with a sale of 560,562 units of R.O. Membrane as against turnover of Rs.274.470 Million with a sale of 461,073 units in the previous year. The Company registered a growth of 22% in volume and 26% in value turnover as compared to previous year. The Company has recorded an increase in net profit after tax by 81% over previous year i.e. from Rs.21.800 Million in previous year to Rs.39.460 Million. The total reserves of the company stand at Rs.51.300 Million including Capital Reserve Rs.3.000 Million towards the subsidy received from District Industries Centre being towards 15% of the investment made in Plant and Machinery.
INDEX OF CHARGES
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10210808 |
05/11/2014 * |
40,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH,
NGN VAIDYA MARG,, HORNIMAN CIR |
C35302728 |
* Date of charge modification
FIXED ASSETS
- Plant and Equipment
- Factory Equipments
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Other Equipments
- Leasehold improvements
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.63.96 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.70.16 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
PNM |
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 |
7 |
|
--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 |
|
49 |
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.