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Report No. : |
338674 |
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Report Date : |
27.08.2015 |
IDENTIFICATION DETAILS
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Name : |
GHODAWAT CONSUMER PRODUCTS LLP |
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Registered
Office : |
Plot No.438, A/P-Chipri Via-Jaysingpur, Kolhapur – 416101, Maharashtra |
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Tel. No.: |
91-2322-255023 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
30.12.2013 |
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Total Obligation of Contribution: |
Rs. 0.100 Million |
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LLPIN: |
AAB-9653 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Limited Liability Partnership Firm |
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Line of Business
: |
To Carry on Business of Production of Mineral Water, Cold-Drinks and
Other Beverages |
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No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
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MIRA’s Rating : |
B (26) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is Limited Liability Partnership established on 30th
December, 2013 and it is having moderate track record. Mr. Sandeep, Executive Accounts department has provided information to
us and also claimed that during FY 14-15, the concern has sales turnover of
Rs. 130.000 Million, which has not been verified. Rating are constrained on concerns limited track record of its
business activities. However, trade relation is improving. Business is active. Payment
terms are slow but correct. In view of limited track record, the Limited Liability Partnership can
be considered for the business dealings with some caution. |
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 |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
Not Available |
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Rating |
Not Available |
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Rating Explanation |
Not Available |
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Date |
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Sandeep |
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Designation : |
Accounts Department |
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Contact No.: |
91-9011035089 |
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Date : |
27.08.2015 |
LOCATIONS
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Registered Office : |
Plot No.438, A/P-Chipri Via-Jaysingpur – 416101, Kolhapur, Maharashtra, India |
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Tel. No.: |
91-2322-255023 |
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Mobile No.: |
91-9011035089 (Mr. Sandeep) 91-8888400012 (Mr. Ajit) |
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Fax No.: |
91-2322-255216 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Locality : |
Commercial |
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Factory : |
Plot No. 612, Chipari, Kolhapur, Maharashtra, India |
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Corporate Office : |
Star House Plot No.438, Post Box No. 118, Jaysingpur – 416101,
Kolhapur, Maharashtra, India |
PARTNERS
As on 31.03.2015
|
Name : |
Mr. Sanjay Danchand Ghodawat |
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Designation : |
Designated Partner |
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Address : |
Sushreya, 2549, Yashwant Co-Op Hsg.Society, A/P Jaysingpur, Kolhapur, Maharashtra,
Indai |
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Date of Appointment : |
30.12.2013 |
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DPIN No.: |
00109933 |
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Name : |
Mr. Satish Danchand Ghodawat |
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Designation : |
Designated Partner |
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Address : |
Varshman, Malbhag A/P Jaysingpur, Kolhapur, Maharashtra, India |
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Date of Appointment : |
30.12.2013 |
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DPIN No.: |
00109992 |
CONTRIBUTION DETAILS
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Names of Shareholders |
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No. of Shares |
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Sanjay Danchand Ghodawat |
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54000 |
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Satish Danchand Ghodawat |
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9000 |
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Shrenik Sanjay Ghodawat |
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9000 |
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Sheetal Sudhakar Manere |
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9000 |
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Yash Sheetal Manere |
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19000 |
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Total |
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100000 |
BUSINESS DETAILS
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Line of Business : |
To Carry on Business of Production of Mineral Water, Cold-Drinks and
Other Beverages. The subject company have 4 division of
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Products : |
Not Divulged |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS
|
Particulars |
Unit |
Actual
Production |
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Packaged Drinking Water |
Ltr. |
100000.00 |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesaler, Retailers and End Users
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Auditors : |
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Name : |
Poddar Jhunjhunwala and Associates Chartered Accountants |
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Address : |
Kolhapur, Maharashtra, India |
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Memberships : |
-- |
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Collaborators : |
-- |
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Sister concern : |
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CAPITAL STRUCTURE
As on 31.03.2015
Total Obligation of fund = Rs. 0.100 Million
FINANCIAL DATA
[all figures are
in Rupees Million]
|
Particulars |
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|
31.03.2015 |
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Sales Turnover (Approximately) |
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130.000 |
Expected Sales (2015-2016 ) : Rs.400.000 Million
The above information has been parted by Mr. Sandeep
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
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2 |
Constitution of the entity -Incorporation
details |
Yes |
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3 |
Locality of the entity |
Yes |
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4 |
Premises details |
No |
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5 |
Buyer visit details |
-- |
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6 |
Contact numbers |
Yes |
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7 |
Name of the person contacted |
Yes |
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8 |
Designation of contact person |
Yes |
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9 |
Promoter’s background |
Yes |
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10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
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11 |
Pan Card No. of Proprietor / Partners |
No |
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12 |
Voter Id Card No. of Proprietor / Partners |
No |
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13 |
Type of business |
Yes |
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14 |
Line of Business |
Yes |
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15 |
Export/import details (if applicable) |
No |
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16 |
No. of employees |
Yes |
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17 |
Details of sister concerns |
Yes |
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18 |
Major suppliers |
No |
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19 |
Major customers |
No |
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20 |
Banking Details |
Yes |
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21 |
Banking facility details |
No |
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22 |
Conduct of the banking account |
-- |
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23 |
Financials, if provided |
Yes |
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24 |
Capital in the business |
Yes |
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25 |
Last accounts filed at ROC, if applicable |
No |
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26 |
Turnover of firm for last one year |
Yes |
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27 |
Reasons for variation <> 20% |
-- |
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28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
No |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
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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 |
10576065 |
29/10/2014 |
10,000,000.00 |
RAJARAMBAPU SAHAKARI BANK LTD.PETH |
Shahupuri Branch, Kolhapur, Kolhapur, Maharashtra |
L03157443 |
|
2 |
10576066 |
29/10/2014 |
36,000,000.00 |
RAJARAMBAPU SAHAKARI BANK LTD.PETH |
Shahupuri Branch, Kolhapur, Kolhapur, Maharashtra |
L03157476 |
*Date of charge modification
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.66.16 |
|
|
1 |
Rs.103.88 |
|
Euro |
1 |
Rs.75.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
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Analysis Done by
: |
KSH |
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|
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Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
3 |
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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 |
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--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
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DEFAULTER |
|
|
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--RBI |
YES/NO |
NO |
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--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.