MIRA INFORM REPORT
|
Report No. : |
353899 |
|
Report Date : |
10.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
HARISH PROCESSORS PRIVATE LIMITED (w.e.f. 29.04.2002) |
|
|
|
|
Formerly Known
As : |
HARISH SCRAP PROCESSORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shed No. A-304-305, Marshalling Yard, Kandla Special Economic Zone,
Gandhidham, Kutch - 370201, Gujarat |
|
Tel. No.: |
91-2836-252436 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
10.05.1995 |
|
|
|
|
Com. Reg. No.: |
04-025824 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.380 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U37100GJ1995PTC025824 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
RKTH00184C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACH5401R |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Calcium Carbonate and Master Batches.
(Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1995 and it is engaged in the
manufacturing and exporting of calcium carbonate and master batches. For the financial year ended 2015, company has achieved revenue growth
of 32.60% but failed to maintained profit margin and reported low margin at
0.81% during the year under review. Rating takes into consideration company’s established track record of
business operations marked by its above average financial profile along with
sound net worth profile and moderate debt coverage indicators. Trade relations are reported as fair. Payment terms are reported to be
usually correct. The company can be considered for business dealings at usual trade
terms and condition. |
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
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 DECLINED BY
|
Name : |
Mr. Bhikhalal |
|
Designation : |
Accountant |
|
Contact No.: |
91-2836-252436 |
|
Date : |
08.12.2015 |
LOCATIONS
|
Registered Office : |
Shed No. A-304-305, Marshalling Yard, Kandla Special Economic Zone,
Gandhidham, Kutch - 370201, Gujarat, India |
|
Tel. No.: |
91-2836-252436/ 252437 |
|
Fax No.: |
91-2836-252438 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Harish Chandanbhai Chaturani |
|
Designation : |
Director |
|
Address : |
Plot No:92, Sector:1, Gandhidham-370201, Gujarat, India |
|
Date of Birth/Age : |
20.11.1959 |
|
Date of Appointment : |
10.05.1995 |
|
DIN No.: |
00626899 |
|
|
|
|
Name : |
Mr. Babulal Multanmal Nahta |
|
Designation : |
Director |
|
Address : |
Plot No.201, Ward-12B, Gandhidham - 370201, Gujarat, India |
|
Date of Birth/Age : |
10.10.1952 |
|
Date of Appointment : |
10.05.1995 |
|
DIN No.: |
01577957 |
KEY EXECUTIVES
|
Name : |
Mr. Bhikhalal |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Harish Chandanbhai Chaturani |
150500 |
44.53 |
|
Babulal Multanmal Nahta |
187500 |
55.47 |
|
Total |
338000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Calcium Carbonate and Master Batches.
(Registered Activity) |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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||||
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Terms : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
· Jaydeep Bearing Co · Uday Microns Private Limited · Harish Khona and Co · Mehta and Padamsey Private Limited · Shivam Scrap Recycling Private Limited |
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Customers : |
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No. of Employees : |
Not Divulged |
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|
Bankers : |
·
Corporation Bank Gandhidham
Branch, Mehta Chambers, Gandhidham, Gujarat, India ·
Axis Bank Limited Plot
No 349, Sector 12/B, Gandhidham - 370201, Gujarat, India |
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Harish Khona and Company Chartered Accountants |
|
Address : |
Plot No,130, Sector – 3, Gandhidham-370201, Gujarat, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ABXPK4603R |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Related Parties : |
· Adinath International (Firm) · Shubh International (Firm) |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
338,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3.380
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 |
3.380 |
3.380 |
3.380 |
|
(b) Reserves & Surplus |
15.203 |
12.668 |
12.033 |
|
(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) |
18.583 |
16.048 |
15.413 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
27.597 |
20.204 |
21.973 |
|
(b) Deferred tax liabilities (Net) |
0.152 |
0.359 |
0.400 |
|
(c)
Other long term liabilities |
0.052 |
14.541 |
8.746 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
27.801 |
35.104 |
31.119 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
1.613 |
4.445 |
2.721 |
|
(b)
Trade payables |
2.915 |
2.400 |
1.954 |
|
(c)
Other current liabilities |
0.765 |
0.714 |
0.987 |
|
(d)
Short-term provisions |
0.498 |
1.900 |
0.000 |
|
Total
Current Liabilities (4) |
5.791 |
9.459 |
5.662 |
|
|
|
|
|
|
TOTAL |
52.175 |
60.611 |
52.194 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
10.948 |
12.777 |
12.878 |
|
(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 |
0.033 |
0.033 |
0.032 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
1.565 |
1.398 |
1.284 |
|
(e)
Other Non-current assets |
0.000 |
2.543 |
7.701 |
|
Total
Non-Current Assets |
12.546 |
16.751 |
21.895 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
9.325 |
17.020 |
9.375 |
|
(c)
Trade receivables |
15.149 |
12.692 |
13.779 |
|
(d)
Cash and cash equivalents |
13.395 |
5.846 |
3.853 |
|
(e)
Short-term loans and advances |
1.760 |
8.173 |
2.903 |
|
(f)
Other current assets |
0.000 |
0.129 |
0.389 |
|
Total
Current Assets |
39.629 |
43.860 |
30.299 |
|
|
|
|
|
|
TOTAL |
52.175 |
60.611 |
52.194 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
265.468 |
200.199 |
|
|
|
|
Other Income |
3.074 |
2.698 |
|
|
|
|
TOTAL |
268.542 |
202.897 |
191.744 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
230.160 |
174.484 |
|
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.075 |
(1.775) |
|
|
|
|
Employees benefits expense |
6.003 |
5.062 |
|
|
|
|
Other expenses |
22.887 |
15.182 |
|
|
|
|
TOTAL |
259.125 |
192.953 |
189.236 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
9.417 |
9.944 |
(Including
Financial Expenses) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.813 |
2.717 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.604 |
7.227 |
2.508 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.878 |
1.754 |
1.803 |
|
|
|
|
|
|
|
|
|
|
EXCEPTIONAL
ITEMS SALE OF ASSETS |
0.335 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.061 |
5.473 |
0.705 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.868 |
4.838 |
0.151 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.193 |
0.635 |
0.554 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Exports of Goods calculated on FOB basis |
|
14.816 |
42.320 |
|
|
|
Sale of Goods through EEFC Account |
|
125.571 |
83.339 |
|
|
TOTAL EARNINGS |
204.467 |
140.387 |
125.659 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
169.536 |
113.801 |
|
|
TOTAL IMPORTS |
NA |
169.536 |
113.801 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic |
1.88 |
1.64 |
-- |
|
|
|
Diluted |
1.88 |
1.88 |
-- |
|
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 |
|
|
|
|
|
|
Cash Flow from Operations |
8.978 |
8.506 |
4.157 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.83 |
0.32 |
0.29 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.55 |
4.97 |
1.31 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.79 |
9.03 |
1.35 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.22 |
0.34 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.57 |
1.54 |
1.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
6.84 |
4.64 |
5.35 |
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 |
3.380 |
3.380 |
3.380 |
|
Reserves & Surplus |
12.033 |
12.668 |
15.203 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
15.413 |
16.048 |
18.583 |
|
|
|
|
|
|
Long-term borrowings |
21.973 |
20.204 |
27.597 |
|
Short term borrowings |
2.721 |
4.445 |
1.613 |
|
Total
borrowings |
24.694 |
24.649 |
29.210 |
|
Debt/Equity
ratio |
1.602 |
1.536 |
1.572 |
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) |
|
Total Income |
191.744 |
202.897 |
268.542 |
|
|
|
5.817 |
32.354 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
191.744 |
202.897 |
268.542 |
|
Profit |
0.554 |
0.635 |
2.193 |
|
|
0.29% |
0.31% |
0.82% |
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 |
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 |
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 |
10371271 |
30/06/2012 |
35,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B55926141 |
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors |
|
|
|
Harish C. Chaturani |
6.852 |
5.112 |
|
Babulal M. Nahta |
2.990 |
1.848 |
|
|
|
|
|
From Relatives |
|
|
|
Amit Babulal Nahta |
0.794 |
0.519 |
|
Ashadevi C. Chaturani |
2.882 |
2.884 |
|
Babulal M Nahta HUF |
0.195 |
0.000 |
|
Neelam Chaturani |
5.990 |
0.248 |
|
Rajesh B. Nahata |
1.032 |
3.171 |
|
Sahil H. Chaturani |
2.493 |
1.933 |
|
Shairadevi B. Nahta |
1.629 |
0.872 |
|
Shilpa R. Nahta |
0.000 |
1.428 |
|
Sneha H. Chaturani |
2.740 |
2.142 |
|
|
|
|
|
Total |
27.597 |
20.157 |
COMPANY OVERVIEW
Subject is engaged in the processing of Plastic Scrap for manufacturer
of plastic agglomerates and also manufactures filler compound. The products of
the company are sold in domestic and international market.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer Systems
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. 66.75 |
|
|
1 |
Rs. 100.29 |
|
Euro |
1 |
Rs. 72.89 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
9 |
|
--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 |
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.