MIRA INFORM REPORT
|
Report No. : |
336194 |
|
Report Date : |
10.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMRIT EXPORTS PRIVATE LIMITED |
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|
|
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Registered
Office : |
1, British Indian Street, 6th Floor, Room No.605, Kolkata – 700069,
West Bengal |
|
Tel. No.: |
91-33-40106400 |
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|
|
Country : |
India |
|
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
14.03.1996 |
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Com. Reg. No.: |
078005 |
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Capital
Investment / Paid-up Capital : |
Rs.97.746 Million |
|
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|
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CIN No.: [Company Identification
No.] |
U51109WB1996PTC078005 |
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IEC No.: |
0296004294 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AACCA4115B |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the business of manufacturing and exporting of industrial garments and its allied products. |
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No. of Employees
: |
90 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 470000 |
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|
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated during the year 1996
having a satisfactory track. Profit of the company has continuously declined however, networth of
the company is satisfactory. General financial position of the company is
normal and acceptable for business dealings. Further, the rating also takes into consideration favourable gap between
trade repayable and trade receivable. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. In view of long track record and acceptable financial base, 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.
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 : BB |
|
Rating Explanation |
Moderate risk of default. |
|
Date |
October 3, 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 (GENERAL DETAILS)
|
Name : |
Mr. Rajiv |
|
Designation : |
Sales Manager |
|
Contact No.: |
91-33-40106400 |
|
Date : |
10.08.2015 |
LOCATIONS
|
Registered Office : |
1, British Indian Street, 6th Floor, Room No.605, Kolkata – 700069, West Bengal, India |
|
Tel. No.: |
91-33-40106400 / 22485640 |
|
Fax No.: |
91-33-23572804 |
|
E-Mail : |
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|
Website : |
|
|
|
|
|
Factory : |
244, Bahadur Road, Kolkata, West Bengal, India |
|
|
|
|
Branch Office : |
Amrit Tower, EN-26, Salt Lake City, Sector – V, Kolkata – 700091, West Bengal, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Anand Buchasia |
|
Designation : |
Managing director |
|
Address : |
1, British Indian Street, Room No. 605, Kolkata - 700069, West Bengal, India |
|
Date of Birth/Age : |
16.01.1963 |
|
Date of Appointment : |
14.03.1996 |
|
PAN No.: |
AEDPB6974R |
|
Voter ID No.: |
WB/23/150/054048 |
|
DIN No.: |
00242970 |
|
|
|
|
Name : |
Anil Buchasia |
|
Designation : |
Director |
|
Address : |
1, British Indian Street, Room No. 605, Kolkata - 700069, West Bengal, India |
|
Date of Birth/Age : |
12.09.1964 |
|
Date of Appointment : |
11.05.1998 |
|
PAN No.: |
AEIPB7693A |
|
DIN No.: |
00243257 |
KEY EXECUTIVES
|
Name : |
Mr. Rajiv |
|
Designation : |
Sales Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Anand Buchasia |
21100 |
|
Anil Buchasia |
9900 |
|
Bimla Devi Buchasia |
9300 |
|
Mamta Buchasia |
1800 |
|
Neeta Buchasia |
11300 |
|
Amrit Kunj Capital Markets Limited, India |
7676300 |
|
Dhanpat Khemka HUF |
100 |
|
Prahlad Ray Khemka |
100 |
|
Simmi Khemka |
100 |
|
Trans Securities Private Limited, India |
590000 |
|
Amrit Cotton Mills Private Limited, India |
1102800 |
|
Esteem Dealers Private Limited, India |
350000 |
|
Anil Buchasia |
1800 |
|
Total |
9774600 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
99.43 |
|
Directors or relatives of Directors |
0.46 |
|
Other top fifty shareholders |
0.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of manufacturing and exporting of industrial garments and its allied products. |
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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 : |
Finished Goods |
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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 : |
L/C and Credit |
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Purchasing : |
Advance Payment and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
90 (Approximately) |
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Bankers : |
Corporation Bank |
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Facilities : |
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Auditors : |
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Name : |
Sutar and Company Chartered Accountants |
|
Address : |
16/1, Banerjee Para Road, Paschim Putiary, Kolkata - 700041, West Bengal, India |
|
PAN No.: |
ACHFS4490E |
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|
|
|
Memberships : |
--- |
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|
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|
Collaborators : |
-- |
|
|
|
|
Other related
parties : |
Anil Buchasia HUF Amrit Crafts Private Limited Amrit Processors Private Limited Dimensions Infonet Private Limited Teamco Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,774,600 |
Equity Shares |
Rs.10/- each |
Rs.97.746 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 |
97.746 |
89.096 |
86.096 |
|
(b) Reserves &
Surplus |
67.875 |
67.233 |
63.036 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
2.525 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
165.621 |
158.854 |
149.132 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
47.722 |
74.734 |
88.641 |
|
(b) Deferred tax
liabilities (Net) |
7.978 |
9.181 |
9.304 |
|
(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) |
55.700 |
83.915 |
97.945 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
260.353 |
246.430 |
278.139 |
|
(b) Trade payables |
12.799 |
27.711 |
34.048 |
|
(c) Other current
liabilities |
0.250 |
0.045 |
0.631 |
|
(d) Short-term provisions |
12.618 |
19.626 |
17.591 |
|
Total Current Liabilities
(4) |
286.020 |
293.812 |
330.409 |
|
|
|
|
|
|
TOTAL |
507.341 |
536.581 |
577.486 |
|
|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
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(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
117.702 |
135.270 |
137.978 |
|
(ii) Intangible Assets |
3.033 |
3.097 |
5.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(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 |
6.796 |
7.107 |
7.001 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
127.531 |
145.474 |
149.979 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
263.367 |
273.495 |
287.509 |
|
(c) Trade receivables |
71.255 |
51.707 |
63.978 |
|
(d) Cash and cash
equivalents |
1.334 |
0.086 |
4.427 |
|
(e) Short-term loans and
advances |
14.381 |
39.912 |
37.432 |
|
(f) Other current assets |
29.473 |
25.907 |
34.161 |
|
Total Current Assets |
379.810 |
391.107 |
427.507 |
|
|
|
|
|
|
TOTAL |
507.341 |
536.581 |
577.486 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover |
361.746 |
334.369 |
566.195 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
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|
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|
|
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EXPENSES |
NA |
NA |
NA |
|
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|
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|
|
|
|
PROFIT / (LOSS)
BEFORE TAX & EXTRA ORDINARY ITEM |
1.806 |
6.114 |
15.841 |
|
|
|
|
|
|
|
|
Stock loss by Rejection |
0.091 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Income Tax |
1.773 |
1.996 |
0.000 |
|
|
|
|
|
|
|
|
Wealth Tax |
0.041 |
0.043 |
0.000 |
|
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|
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|
|
|
Damage By Fire |
0.000 |
0.000 |
0.346 |
|
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|
Deferred Tax Liabilities/(Assets) |
(1.203) |
(0.123) |
5.145 |
|
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PROFIT/ (LOSS) AFTER TAX
|
1.104 |
4.197 |
10.350 |
|
|
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|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
67.233 |
63.036 |
52.686 |
|
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|
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|
|
|
Balance Carried to the
B/S |
67.875 |
67.233 |
63.036 |
|
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EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
298.772 |
312.042 |
462.866 |
|
|
TOTAL EARNINGS |
298.772 |
312.042 |
462.866 |
|
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IMPORTS |
|
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|
|
Capital Goods & Raw
Material : |
11.186 |
1.478 |
22.427 |
|
|
TOTAL IMPORTS |
11.186 |
1.478 |
22.427 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
0.11 |
0.47 |
-- |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
25.593 |
23.704 |
40.423 |
|
Net cash flows from (used in) operating activities |
25.593 |
23.704 |
40.423 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.31 |
1.26 |
1.83 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.36 |
1.14 |
2.74 |
|
|
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|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.04 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.86 |
2.02 |
2.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.33 |
1.29 |
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 |
86.096 |
89.096 |
97.746 |
|
Reserves & Surplus |
63.036 |
67.233 |
67.875 |
|
Share Application money
pending allotment |
0.000 |
2.525 |
0.000 |
|
Net worth |
149.132 |
158.854 |
165.621 |
|
|
|
|
|
|
long-term borrowings |
88.641 |
74.734 |
47.722 |
|
Short term borrowings |
278.139 |
246.430 |
260.353 |
|
Total borrowings |
366.780 |
321.164 |
308.075 |
|
Debt/Equity ratio |
2.459 |
2.022 |
1.860 |
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) |
|
Turnover |
566.195 |
334.369 |
361.746 |
|
|
|
(40.945) |
8.188 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Turnover |
566.195 |
334.369 |
361.746 |
|
Profit |
10.350 |
4.197 |
1.104 |
|
|
1.83% |
1.26% |
0.31% |
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 |
Yes |
|
12 |
Voter Id Card No. of Proprietor / Partners |
Yes |
|
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 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 |
CONTINGENT LIABILITIES
NOT PROVIDED FOR
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Bank Guarantee |
1.636 |
2.275 |
|
Claims against the
Company not acknowledged as debt |
|
|
|
Sales Tax Demand with Appeal Authorities |
0.187 |
0.187 |
|
Income Tax Demand with Appeal Authorities |
0.201 |
0.201 |
|
Central Excise Duty with CESTAT |
0.024 |
0.024 |
|
Service Tax with CESTAT |
0.050 |
0.050 |
|
ESIC |
0.205 |
0.205 |
|
WB VAT |
0.000 |
1.327 |
|
Total |
|
|
NATURE OF OPERATIONS
Subject was incorporated on 14.03.1996 with object to carry on business as manufacturing exporters of industrial garments and its allied products and continuance with such activities since last 17 years.
OPERATIONS
During the year, the Company has recorded turnover for Rs 361.745 Million as compare to Rs.334.369 Million in the previous year and earned profit Rs 1.806 Million (before tax) as against Rs. 6.114 Million in previous year, since the company has recorded hues foreign currency fluctuation loss basically for repayment of foreign currency loan from Indian Bank. However the Company is continuing its effort to search for new international market and putting all its efforts to reduce the cost and try to improve the operating margins and expect the profit margin will be increased in the next financial year.
The Company has developed various new products and designs which has enabled the Company to develop new markets and in catering the existing customers. The introduction of new products and designs has helped the Company to add new customers in different geographical regions.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10454756 |
06/09/2013 |
30,000,000.00 |
INDIAN BANK |
STRAND ROAD BRANCH, 3A, HARE STREET, KOLKATA, WES |
B87436416 |
|
2 |
10291870 |
30/12/2014 * |
346,500,000.00 |
INDIAN BANK |
STRAND ROAD BRANCH, 3A, HARE STREET, KOLKATA, WES |
C38530671 |
|
3 |
10255964 |
03/12/2010 |
550,000.00 |
CORPORATION BANK |
J 1/12, BLOCK EP & GP,, SECTOR 5, SALT LAKE
CITY, |
B01647189 |
|
4 |
10056224 |
25/09/2012 * |
423,600,000.00 |
INDIAN BANK |
STRAND ROAD BRANCH, 3A, HARE STREET, KOLKATA, WES |
B62164157 |
* Date of charge modification
FIXED
ASSETS
- Land
- building
- vehicles
- Furniture and fixtures
- Computer Equipments
- Office equipment
- Plant and Machinery
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.63.81 |
|
|
1 |
Rs.98.93 |
|
Euro |
1 |
Rs.69.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
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 |
|
43 |
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.