MIRA INFORM REPORT
|
Report No. : |
337795 |
|
Report Date : |
21.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
GITANJALI CHEMICALS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Madhukunj, Ground Floor, Shankar Ghanekar Marg, Prabhadevi, Mumbai
-400025, Maharashtra |
|
Tel. No.: |
91-22-24320921 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.03.1980 |
|
|
|
|
Com. Reg. No.: |
11-022341 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 7.200 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110MH1980PTC022341 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08395C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG1427G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporters of Organic Intermediates, Agro
Intermediates, Pharma Intermediates and Dyes Intermediates. |
|
|
|
|
No. of Employees
: |
Information declined by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
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 : |
Gitanjali Chemicals Private Limited is wholly owned companies of “Mohatta
Group”. It is an established company having satisfactory track record. The rating on company reflects healthy operational and financial risk
profile, growing scale of operations, profitability margin and comfortable
debt protection metrics. The rating drive strength from the long track record of the company
and experienced promoter group and wide range of products of the company. The rating strength is partially offsets by the intense competition in
the industry, vulnerability of profitability to fluctuation in commodity
prices marked by modest cash accruals. However, 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
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION DECLINED
MANAGEMENT NON CO-OPERATIVE (Tel. No.: 91-22-24320921)
LOCATIONS
|
Registered Office : |
Madhukunj, Ground Floor, Shankar Ghanekar Marg, Prabhadevi, Mumbai -400025,
Maharashtra, India |
|
Tel. No.: |
91-22-24320921/ 22/ 23/ 43555888 |
|
Fax No.: |
91-22-24320924 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
F-35, MIDC Area, Jalgaon - 425003, Maharashtra, India |
|
Tel. No.: |
91-257-2210041/ 2212027 |
DIRECTORS
As on 26.09.2014
|
Name : |
Mr. Surendrakumar Mohatta |
|
Designation : |
Director |
|
Address : |
31, Lotus Court, 14, J Tata Road, Churchgate, Mumbai - 400020,
Maharashtra, India |
|
Date of Birth/Age : |
01.09.1955 |
|
Date of Appointment : |
28.11.2009 |
|
DIN No. : |
00388893 |
|
|
|
|
Name : |
Madhu Surendra Mohatta |
|
Designation : |
Whole-time director |
|
Address : |
31, Lotus Court, 14, J Tata Road, Churchgate, Mumbai - 400020,
Maharashtra, India |
|
Date of Birth/Age : |
18.10.1956 |
|
Date of Appointment : |
15.03.1980 |
|
DIN No. : |
00544078 |
|
|
|
|
Name : |
Ishita Mohatta |
|
Designation : |
Director |
|
Date of Birth/Age : |
31, Lotus Court, 14, J Tata Road, Churchgate, Mumbai - 400020,
Maharashtra, India |
|
Date of Birth/Age : |
10.03.1982 |
|
Date of Appointment : |
03.10.2008 |
|
DIN No. : |
01835174 |
|
|
|
|
Name : |
Mr. Pawankumar Deora |
|
Designation : |
Director |
|
Address : |
B-501 Ackruti Creations, Sir P.M. Road Extension, Pramanik
Co-Operative Housing Society Limited, Vile Parle (East), Mumbai - 400057, Maharashtra,
India |
|
Date of Birth/Age : |
20.01.1959 |
|
Date of Appointment : |
30.04.2010 |
|
DIN No. : |
03175269 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ravi Kumar Mohatta |
7500 |
|
Surendra Kumar
Mohatta |
7000 |
|
Madhu Mohatta |
11000 |
|
Vimladevi Mohatta |
7000 |
|
Ravi Kumar Mohatta
HUF |
7000 |
|
Surendra Kumar Mohatta HUF |
7000 |
|
Gaurav Mohatta |
7000 |
|
Gaurav Mohatta HUF |
4360 |
|
Sashi Kumar Mohatta |
500 |
|
Raj Rajeshwari Builders, India |
6240 |
|
Ajanta Traders, India |
7000 |
|
Gaurav Chemicals (India) Private Limited, India |
400 |
|
Total |
72000 |
As on 26.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Bodies corporate |
0.56 |
|
Directors or relatives of Directors |
99.44 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporters of Organic Intermediates, Agro
Intermediates, Pharma Intermediates and Dyes Intermediates. |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by management |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
· Canara Bank, Shishu Mandir Building, 12, G. S. Lane, Parel, Mumbai - 400012, Maharashtra, India ·
IDBI Bank Limited, IDBI Towerwtc Complex,
Cuffe Parade, Mumbai - 400005, Maharashtra, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
NOTE: Working capital facilities from Canara Bank are secured by hypothecation of stocks of raw material, Stock-in-process, finished goods and book-debts and further secured by equitable mortgage of Land and building, Plant and Machinery located at Jalgaon unit of the company and guaranteed by promoter directors |
|
Auditors : |
|
|
Name : |
M Saboo and Company Chartered Accountants |
|
Address : |
D-9/002, Yogi Nagar Eksar Road, Borivali (West), Mumbai – 400091, Maharashtra, India |
|
Tel. No. : |
91-22-28980943/ 28983624 |
|
Income-tax
PAN of auditor or auditor's firm : |
AKMPS8826N |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200,000 |
Equity Shares |
Rs.100/- each |
Rs. 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
72,000 |
Equity Shares |
Rs.100/- each |
Rs. 7.200 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 |
7.200 |
7.200 |
7.200 |
|
(b) Reserves & Surplus |
87.170 |
79.955 |
76.205 |
|
(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) |
94.370 |
87.155 |
83.405 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
62.108 |
45.551 |
71.010 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
62.108 |
45.551 |
71.010 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
2.251 |
20.029 |
22.986 |
|
(b) Trade
payables |
58.554 |
21.779 |
17.882 |
|
(c) Other
current liabilities |
11.668 |
7.593 |
11.391 |
|
(d) Short-term
provisions |
9.836 |
26.903 |
27.210 |
|
Total Current
Liabilities (4) |
82.309 |
76.304 |
79.469 |
|
|
|
|
|
|
TOTAL |
238.787 |
209.010 |
233.884 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
76.166 |
74.331 |
77.187 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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) |
2.005 |
1.774 |
1.362 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
78.171 |
76.105 |
78.549 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
2.982 |
7.982 |
10.707 |
|
(b)
Inventories |
46.133 |
37.864 |
35.568 |
|
(c) Trade
receivables |
79.794 |
44.662 |
65.035 |
|
(d) Cash
and cash equivalents |
0.196 |
0.634 |
3.669 |
|
(e)
Short-term loans and advances |
31.511 |
41.763 |
40.356 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
160.616 |
132.905 |
155.335 |
|
|
|
|
|
|
TOTAL |
238.787 |
209.010 |
233.884 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
356.590 |
261.453 |
355.418 |
|
|
|
Other Income |
3.877 |
3.498 |
1.053 |
|
|
|
TOTAL (A) |
360.467 |
264.951 |
356.471 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
210.929 |
136.830 |
|
|
|
|
Changes in Inventories of Finished Goods, WIP and
Stock in Trade |
(5.955) |
1.169 |
|
|
|
|
Manufacturing Expense |
37.817 |
29.730 |
|
|
|
|
Employee Benefit Expenses |
34.235 |
30.766 |
|
|
|
|
Other Expenses |
57.538 |
47.302 |
|
|
|
|
TOTAL (B) |
334.564 |
245.797 |
318.579 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
25.903 |
19.154 |
37.892 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
8.242 |
6.866 |
14.475 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
17.661 |
12.288 |
23.417 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.511 |
7.582 |
9.317 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
10.150 |
4.706 |
14.100 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.769 |
0.788 |
5.621 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
7.381 |
3.918 |
8.479 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
24.547 |
21.797 |
19.992 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
1.000 |
1.000 |
5.000 |
|
|
|
Proposed Dividend |
0.144 |
0.144 |
1.440 |
|
|
|
Dividend Tax Payable |
0.022 |
0.023 |
0.234 |
|
|
BALANCE CARRIED
TO THE B/S |
30.762 |
24.548 |
21.797 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
296.694 |
174.939 |
214.970 |
|
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORTS |
NA |
60.645 |
50.933 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
102.51 |
54.41 |
117.76 |
|
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) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.07 |
1.50 |
2.39 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
7.26 |
7.33 |
10.66 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.29 |
2.27 |
6.06 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.05 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.68 |
0.75 |
1.13 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95 |
1.74 |
1.95 |
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 |
7.200 |
7.200 |
7.200 |
|
Reserves & Surplus |
76.205 |
79.955 |
87.170 |
|
Net
worth |
83.405 |
87.155 |
94.370 |
|
|
|
|
|
|
long-term borrowings |
71.010 |
45.551 |
62.108 |
|
Short term borrowings |
22.986 |
20.029 |
2.251 |
|
Total
borrowings |
93.996 |
65.580 |
64.359 |
|
Debt/Equity
ratio |
1.127 |
0.752 |
0.682 |
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 |
355.418 |
261.453 |
356.590 |
|
|
|
(26.438) |
36.388 |
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 |
355.418 |
261.453 |
356.590 |
|
Profit |
8.479 |
3.918 |
7.381 |
|
|
2.39% |
1.50% |
2.07% |
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 |
No |
|
8] |
Designation of contact person |
No |
|
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) |
No |
|
16] |
No. of employees |
No |
|
17] |
Details of sister concerns |
No |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
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 |
No |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10175601 |
13/06/2011 * |
91,000,000.00 |
CANARA BANK |
SHISHU MANDIR BUILDING, 12, G. S. LANE, PAREL, MUMBAI - 400012, MAHARASHTRA, INDIA |
B16840936 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULAR |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG TERM
BORROWINGS |
|
|
|
From Shareholders and Directors |
62.108 |
45.551 |
|
Total |
62.108 |
45.551 |
PERFORMANCE
During the year, the sales turnover of the company has achieved a turnover of Rs. 360.467 Million as Compared to Rs. 264.951 Million in the previous year. The company has tied up with various overseas customers and new markets for the export of its products for improvement. The production at the Jalgaon unit was satisfactory during the year. The Profit after tax during the year was at Rs. 7.381 Million as compared to Rs. 3.918 Million in the previous year.
FIXED ASSETS
· Leasehold Land
·
Factory Building
· Main Plant and Machinery
· Misc Plant and Machineries
· Computer
· Electrical Installation
· Office Equipment
· Furniture and Fixtures
· Vehicles
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.65.24 |
|
|
1 |
Rs.102.21 |
|
Euro |
1 |
Rs.72.57 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
45 |
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.