MIRA INFORM REPORT
|
Report No. : |
353483 |
|
Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAVESHIA PIGMENTS LIMITED |
|
|
|
|
Registered
Office : |
Flat 1201 and 1202, 12th Floor, Casablanca 130, Gulmohar, Cross Road No-10, Sujay Hospital Vile Parle (West), Mumbai- 400049, Maharashtra |
|
Tel. No.: |
91-22-26212222/ 23/ 24/ 25/ 25140228/ 25140231 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
16.10.1975 |
|
|
|
|
Com. Reg. No.: |
11-018604 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17200MH1975PLC018604 |
|
|
|
|
IEC No.: |
0399000135 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR7272E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturing of Jewellery, musical instruments, medical
instruments, sports goods, etc. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 420000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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|
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|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track. The rating takes into consideration sound financial risk profile of
the company marked by debt free capital structure in FY15. Further, the company has reported marginal increase in its revenue
base along with decent profit margin of nearly 7% in the year under
consideration. Trader relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of aforesaid, the company can be considered for 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.
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
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
31-03-2015.
INFORMATION DENIED BY
|
Name : |
Mrs. Deepa |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-26212222 |
|
Date : |
07.12.2015 |
LOCATIONS
|
Registered Office : |
Flat 1201 and 1202, 12th Floor, Casablanca 130, Gulmohar, Cross Road No-10, Sujay Hospital Vile Parle (West), Mumbai- 400049, Maharashtra, India |
|
Tel. No.: |
91-22-26212222/ 23/ 24/ 25/ 25140228/ 25140231 |
|
Fax No.: |
91-22-26212226/ 25116748 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 45/46, G.I.D.C., Vapi, District Bulsar ‐ 396195, Gujarat, India |
|
Tel. No.: |
91-260-2430797/ 3266979 |
|
Fax No.: |
91-260-2432218 |
DIRECTORS
As on: 30.09.2014
|
Name : |
Mr. Manoj Laxmidas Raveshia |
|
Designation : |
Director |
|
Address : |
Shital, 6th Road, N.S. Road No.-1, JVPD Scheme, Vileparle (West), Mumbai, 400056, Maharashtra, India |
|
Date of Birth/Age : |
02.03.1961 |
|
Date of Appointment : |
19.09.1996 |
|
DIN No.: |
00035296 |
|
|
|
|
Name : |
Mr. Piyush Jaisukh Raveshia |
|
Designation : |
Director |
|
Address : |
602, Vasundhara, Janki Kutir Society, Juhu Church, Mumbai, 400049, Maharashtra, India |
|
Date of Birth/Age : |
12.03.1963 |
|
Date of Appointment : |
17.09.1996 |
|
DIN No.: |
00035387 |
|
|
|
|
Name : |
Mr. Naresh Jaisukh Raveshia |
|
Designation : |
Director |
|
Address : |
Shital Building, 2nd Floor, N.S. Road No.-1, JVPD Scheme, Vile Parle (West), Mumbai- 400056, Maharashtra, India |
|
Date of Birth/Age : |
09.12.1958 |
|
Date of Appointment : |
17.09.1996 |
|
DIN No.: |
00035972 |
|
|
|
|
Name : |
Mr. Divyesh Jaisukh Raveshia |
|
Designation : |
Director |
|
Address : |
Shital, N. S. Road No.1, JVPD Scheme, Vile Parle (West), Mumbai-400056, Maharashtra, India |
|
Date of Birth/Age : |
16.11.1964 |
|
Date of Appointment : |
30.04.1998 |
|
DIN No.: |
00044157 |
KEY EXECUTIVES
|
Name : |
Mrs. Deepa |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Aruna Laxmidas Raveshia |
|
200 |
|
Laxmidas L. Raveshia (Huf) |
|
50 |
|
Laxmidas L. Raveshia |
|
350 |
|
Naresh J. Raveshia |
|
400 |
|
Heena N. Raveshia |
|
400 |
|
veerali Naresh Raveshia |
|
150 |
|
Abhiraj Naresh Raveshia |
|
150 |
|
Manoj Raveshia |
|
400 |
|
Neepa Manoj Raveshia |
|
400 |
|
Krish Raveshia |
|
150 |
|
Manank Raveshia |
|
150 |
|
Piyush Raveshia |
|
400 |
|
Suchita Raveshia |
|
400 |
|
Dhwani Raveshia |
|
150 |
|
Jaini Raveshia |
|
150 |
|
Divyesh Raveshia |
|
400 |
|
Mithula Raveshia |
|
400 |
|
Siddg Raveshia |
|
150 |
|
Dhinit Raveshai |
|
150 |
|
Total |
|
5000 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Jewellery, musical instruments, medical
instruments, sports goods, etc. (Registered Activity) |
|
|
|
|
Products : |
- |
|
|
|
|
Brand Names : |
Not Divulged |
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|
Agencies Held : |
Not Divulged |
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|
|
|
Exports : |
Not Divulged |
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|
|
|
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 : |
Not Divulged |
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Bankers : |
|
||||||||||||||||||||||
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Banking
Relations : |
Gujarat State Financial Corporation, Ashram Road, Gujarat, India |
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|
|
|
Auditors : |
|
|
Name : |
Atin S Mehta and Company Chartered Accountants |
|
Address : |
Kaustubh Ground Floor, Tilak Road, Ghatkopar (East), Mumbai-400077,
Maharashtra, India |
|
Fax No.: |
AAEPM8787C |
|
|
|
|
Memberships : |
-- |
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|
|
|
Collaborators : |
--- |
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|
|
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on: 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000 |
Equity Shares |
Rs.100 each |
Rs. 0.500 Million |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000 |
Equity Shares |
Rs.100 each |
Rs. 0.500 Million |
|
|
|
|
|
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.500 |
0.500 |
0.500 |
|
(b) Reserves & Surplus |
147.930 |
131.911 |
120.274 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.325 |
|
Total
Shareholders’ Funds (1) + (2) |
148.430 |
132.411 |
121.099 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.976 |
1.187 |
1.187 |
|
(c) Other long term
liabilities |
0.377 |
0.377 |
0.377 |
|
(d) long-term
provisions |
20.921 |
13.521 |
13.008 |
|
Total Non-current
Liabilities (3) |
22.274 |
15.085 |
14.572 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
2.185 |
1.381 |
1.035 |
|
(c) Other current
liabilities |
13.213 |
9.076 |
7.582 |
|
(d) Short-term
provisions |
9.615 |
9.933 |
9.102 |
|
Total Current
Liabilities (4) |
25.013 |
20.390 |
17.719 |
|
|
|
|
|
|
TOTAL |
195.717 |
167.886 |
153.390 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
19.910 |
16.095 |
18.110 |
|
(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) |
0.000 |
0.167 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
61.990 |
63.012 |
38.623 |
|
Total Non-Current
Assets |
81.900 |
79.274 |
56.733 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
38.835 |
31.932 |
22.233 |
|
(c) Trade
receivables |
70.434 |
51.978 |
71.158 |
|
(d) Cash
and cash equivalents |
2.373 |
2.206 |
1.596 |
|
(e)
Short-term loans and advances |
0.225 |
0.250 |
0.235 |
|
(f) Other
current assets |
1.950 |
2.246 |
1.435 |
|
Total
Current Assets |
113.817 |
88.612 |
96.657 |
|
|
|
|
|
|
TOTAL |
195.717 |
167.886 |
153.390 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
237.312 |
217.337 |
232.384 |
|
|
|
Other Income |
4.188 |
3.773 |
0.943 |
|
|
|
TOTAL (A) |
241.500 |
221.110 |
233.327 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
145.250 |
128.497 |
141.711 |
|
|
|
manufacturing |
31.220 |
30.595 |
32.677 |
|
|
|
Employees benefits expense |
20.120 |
16.742 |
11.562 |
|
|
|
Other expenses |
19.419 |
20.494 |
20.406 |
|
|
|
TOTAL (B) |
216.009 |
196.328 |
206.356 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
25.491 |
24.782 |
26.971 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.246 |
0.219 |
0.764 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION (C-D) (E) |
25.245 |
24.563 |
26.207 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
2.175 |
2.430 |
2.811 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
23.070 |
22.133 |
23.396 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
7.556 |
7.233 |
7.710 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
15.514 |
14.900 |
15.686 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
20.865 |
23.456 |
19.503 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
111.076 |
94.329 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
310.00 |
298.00 |
314.00 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net Cash flows from operating activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.54 |
6.86 |
6.75 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.74 |
11.40 |
11.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.79 |
13.20 |
15.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.17 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.55 |
4.35 |
5.46 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
0.500 |
0.500 |
0.500 |
|
Reserves & Surplus |
120.274 |
131.911 |
147.930 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.325 |
0.000 |
0.000 |
|
Net worth |
121.099 |
132.411 |
148.430 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
0.000 |
0.000 |
0.000 |
|
Debt/Equity ratio |
0.000 |
0.000 |
0.000 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
232.384 |
217.337 |
237.312 |
|
|
|
(6.475) |
9.191 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
232.384 |
217.337 |
237.312 |
|
Profit |
15.686 |
14.900 |
15.514 |
|
|
6.75% |
6.86% |
6.54% |
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
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 |
CHANGE OF ADDRESS:
The Registered office of the company has been shifted from “3rd
Floor Biradari Building Shradhanand Road, Ghatkopar (West), Mumbai- 400049, Maharashtra,
India to the present address w.e.f.10.10.2012.
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90184775 |
06/04/1983 |
640,000.00 |
GUJARAT STATE FINANCIAL CORPORATION |
Ashram Road, Gujarat, India |
- |
|
2 |
90187257 |
19/03/1986 * |
640,000.00 |
GUJARAT STATE FINANCIAL CORPORATION |
Ashram Road, Gujarat, India |
- |
|
3 |
90184462 |
30/11/1978 |
120,000.00 |
BANK OF INDIA |
Vapi Industrial
Estate Branch, Gidc Industrial ES |
- |
* Date
of charge modification
FIXED ASSETS:
- Plant and Machinery
- Building
- Furniture and Fixture
- Vehicle
- Office Equipment
- Land
- Computer
- Plot for staff
- Housing quarter
- Motors car
- Air Conditioners
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.66.63 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.40 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KNL |
|
|
|
|
Report Prepared
by : |
MTN |
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 |
6 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.