MIRA INFORM REPORT
|
Report No. : |
338302 |
|
Report Date : |
25.08.2015 |
IDENTIFICATION DETAILS
|
Name : |
GAUTAM FREIGHT PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 24/10, Gautam House, Sector-10 C, Gandhidham-370201, Kutch, |
|
Tel. No.: |
91-2836-232605 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
13.02.1995 |
|
|
|
|
Com. Reg. No.: |
04-024605 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.190.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090GJ1995PTC024605 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTG00037C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACG7804M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Service providing of Handling Transportation Shipping agents,
Logistics Services etc. |
|
|
|
|
No. of Employees
: |
30 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1700000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
Comments : |
GFPL was originally incorporated in 1987 as a partnership firm named M/S
Gautam Freight Carriers and later during 1995 it was converted into a private
limited company As per registrar of companies the date of balance sheet (i.e.
financial filed) is shown as 31.03.2014 but the documents related to the
financials are not been available from any sources. As per indirect source we found that during FY14, company reported
total operating income of Rs. 1104.000 Million with a net loss of Rs. 04.100
Million as against total operating income of Rs. 1535.100 Million with a net
profit of Rs. 96.100 Million during FY 13. However the rating takes consideration from the long and established
track record of Gautam Freight Private Limited (GFPL) as an integrated
logistics service provider. The ratings also take into account company moderate
leverage and liquidity. However, Trade relations are fair. Business is active. Payment terms
are slow. The company can be considered for business dealings with some caution. Note: The Partial financial information taken from indirect source
i.e. CARE Ratings. |
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 |
CARE |
|
Rating |
Long term Bank Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
March, 15 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank Facilities |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
March, 15 |
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. Mukesh |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-9825227840 |
|
Date : |
24.08.2015 |
LOCATIONS
|
Registered Office : |
Plot No. 24/10, Gautam House, Sector-10 C, Gandhidham-370201, Kutch, |
|
Tel. No.: |
91-2836-232605 |
|
Mobile No.: |
91-9825227540 (Mr. Mukesh) |
|
Fax No.: |
91-2836-234930 |
|
E-Mail : |
|
|
|
|
|
Location: |
Owned |
|
Locality: |
Industrial |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Babulal Amarchand Singhvi |
|
Designation : |
Director |
|
Address : |
Plot No. 99, Sector 2, Gandhidham - 370201, Kutch, Gujarat, India |
|
Date of Birth/Age : |
03.12.1952 |
|
Date of Appointment : |
13.02.1995 |
|
Din No.: |
00248153 |
|
|
|
|
Name : |
Mr. Ramesh Amarchand Singhvi |
|
Designation : |
Director |
|
Address : |
Plot No. 102, Sector 2, Gandhidham - 370201, Kutch, Gujarat, India |
|
Date of Birth/Age : |
13.02.1964 |
|
Date of Appointment : |
13.02.1995 |
|
Din No.: |
00248278 |
|
Name : |
Mr. Mridul Ramesh Singhvi |
|
Designation : |
Director |
|
Address : |
Plot No-102,Sector-02, Gandhidham - 370201, Gujarat, India |
|
Date of Birth/Age : |
27.10.1985 |
|
Date of Appointment : |
16.08.2013 |
|
Din No.: |
00252828 |
|
|
|
|
Name : |
Mr. Arvind Vithaldas Joshi |
|
Designation : |
Director |
|
Address : |
Kali Krupa, Plot No. 182, Sector 4, Gandhidham - 370201, Kutch,
Gujarat, India |
|
Date of Birth/Age : |
12.01.1946 |
|
Date of Appointment : |
20.10.2003 |
|
Din No.: |
00254213 |
|
|
|
|
Name : |
Mr. Praveen Sukhraj Singhvi |
|
Designation : |
Director |
|
Address : |
Plot No. 102, Sector 2, Gandhidham - 370201, Kutch, Gujarat, India |
|
Date of Birth/Age : |
15.06.1976 |
|
Date of Appointment : |
01.03.2008 |
|
Din No.: |
00252605 |
KEY EXECUTIVES
|
Name : |
Mr. Mukesh |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Singhvi A. Ramesh |
|
1400000 |
|
Singhvi A. Babulal |
|
1240000 |
|
Joshi A. Jagrutiben |
|
1880000 |
|
Joshi V. Arvind |
|
1880000 |
|
Singhvi A. Anandidevi |
|
400000 |
|
Singhvi T. Nirmaladevi |
|
15000 |
|
Singhvi A. Sukhraj |
|
1199900 |
|
Singhvi A. Ashok |
|
1500000 |
|
Singhvi B. Lalitadevi |
|
550000 |
|
Singhvi R. Rajkumari |
|
500000 |
|
Singhvi B. Pankaj |
|
110000 |
|
Singhvi S. Praveen |
|
500000 |
|
Singhvi A. Tribhuvan |
|
1885000 |
|
Joshi A. Mahesh |
|
1890000 |
|
Singhvi S. Jitendra |
|
200000 |
|
Friends Oil and Chemical Terminals Private Limited, India |
|
3800000 |
|
Friends and Friends Shipping Private Limited, India |
|
100 |
|
Joshi V. Arvind (HUF) |
|
50000 |
|
Total |
|
19000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
20.00 |
|
Directors or relatives of Directors |
80.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Service providing of Handling Transportation Shipping agents,
Logistics Services etc. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
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|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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|
|
|
Terms : |
|
|
Selling : |
Cash, Advance Payment and Cheque |
|
|
|
|
Purchasing : |
Cash, Advance Payment and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users, OEMs
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Dilip Shrimal and Associates Chartered Accountants |
|
Address : |
BBZ-N-57, First Floor, Zanda Chowk, Gandhidham-370201, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AVLPS4924K |
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|
|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Associates (31.03.2010) : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19000000 |
Equity Shares |
Rs.10/- each |
Rs. 190.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19000000 |
Equity Shares |
Rs.10/- each |
Rs. 190.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
190.000 |
190.000 |
190.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
428.809 |
292.881 |
189.698 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
618.809 |
482.881 |
379.698 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
339.623 |
402.542 |
494.830 |
|
|
2] Unsecured Loans |
479.578 |
344.366 |
309.883 |
|
|
TOTAL BORROWING |
819.201 |
746.908 |
804.713 |
|
|
DEFERRED TAX LIABILITIES |
53.710 |
32.913 |
25.454 |
|
|
|
|
|
|
|
|
TOTAL |
1491.720 |
1262.702 |
1209.865 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
830.262 |
829.246 |
738.660 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
10.100 |
12.679 |
0.004 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
37.141
|
18.911 |
16.537 |
|
|
Sundry Debtors |
243.715
|
170.751 |
265.220 |
|
|
Cash & Bank Balances |
363.157
|
340.680 |
280.052 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
187.128
|
111.666 |
112.578 |
|
Total
Current Assets |
831.141
|
642.008 |
674.387 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
44.444
|
73.928 |
65.953 |
|
|
Other Current Liabilities |
83.345
|
100.234 |
109.601 |
|
|
Provisions |
53.800
|
48.104 |
28.371 |
|
Total
Current Liabilities |
181.589
|
222.266 |
203.925 |
|
|
Net Current Assets |
649.552
|
419.742 |
470.462 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
1.806 |
1.035 |
0.739 |
|
|
|
|
|
|
|
|
TOTAL |
1491.720 |
1262.702 |
1209.865 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1333.400 |
1193.000 |
|
|
|
|
Other Income |
44.710 |
32.892 |
|
|
|
|
TOTAL |
1378.110 |
1225.892 |
1062.737 |
|
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
1031.342 |
926.326 |
842.831 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
346.768 |
299.566 |
219.906 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
139.620 |
144.049 |
126.783 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
207.148 |
155.517 |
93.123 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
72.297 |
53.409 |
32.659 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
134.851 |
102.108 |
60.464 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
292.880 |
189.698 |
131.289 |
|
|
|
|
|
|
|
|
|
Add |
INCOME
TAX OF PREVIOUS YEAR |
1.069 |
1.074 |
(2.055) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
428.800 |
292.880 |
189.698 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Clearing and Handling Receipts |
245.580 |
201.406 |
199.082 |
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
7.10 |
5.37 |
3.18 |
|
|
Particulars |
|
31.03.2014 |
31.03.2013 |
|
Sales Turnover (Approximately) |
|
1104.000 |
1535.100 |
|
Profit After Tax Profit/Loss |
|
4.100 |
96.100 |
Above information has been taken from indirect source i.e ‘CARE’
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Current Maturities of Long term debt |
N.A |
N.A |
N.A |
|
Cash generated from operations |
115.837 |
N.A |
N.A |
|
Net cash flow from operating activity |
133.045 |
N.A |
N.A |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
10.11 |
8.56 |
5.69 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
15.54
|
13.04 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.45 |
10.56 |
6.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.33
|
0.32 |
0.25 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.32 |
1.55 |
2.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.13 |
1.31 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
190.000 |
190.000 |
190.000 |
|
Reserves & Surplus |
189.698 |
292.881 |
428.809 |
|
Net
worth |
379.698 |
482.881 |
618.809 |
|
|
|
|
|
|
long-term borrowings |
494.830 |
402.542 |
339.623 |
|
Short term borrowings |
309.883 |
344.366 |
479.578 |
|
Total
borrowings |
804.713 |
746.908 |
819.201 |
|
Debt/Equity
ratio |
2.119 |
1.547 |
1.324 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1062.737 |
1193.000 |
1333.400 |
|
|
|
12.257 |
11.769 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2008 |
31.03.2009 |
31.03.2010 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1062.737 |
1193.000 |
1333.400 |
|
Profit |
60.464 |
102.108 |
134.851 |
|
|
5.69% |
8.56% |
10.11% |
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) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
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 |
No |
|
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 |
UNSECURED LOAN
(Rs. In
Million)
|
UNSECURED LOAN |
31.03.2010 |
31.03.2009 |
|
From Bank |
0.000 |
0.105 |
|
From Companies |
162.533 |
318.612 |
|
From Directors |
180.222 |
0.000 |
|
From Shareholders |
136.823 |
25.649 |
|
Total |
479.578 |
344.366 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90094960 |
09/09/2009 * |
100,000,000.00 |
STATE BANK OF
BIKANER AND JAIPUR |
PLOT NO. 271,
WARD NO. 12B, CCA BUILDING,, GANDHID |
A69996163 |
FIXED ASSETS
- Building
- Machinery and Furniture
- Electric Installation
- Furniture and Fixture
- Office Equipment
- Tugs & Barges
- 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.66.70 |
|
|
1 |
Rs.105.10 |
|
Euro |
1 |
Rs.77.10 |
INFORMATION DETAILS
|
Information
Gathered by : |
MAN |
|
|
|
|
Analysis Done by
: |
KSH |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
28 |
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.