MIRA INFORM REPORT
|
Report No. : |
353823 |
|
Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ALLIANCE TEXOLIN PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
1001-1002, Jash Market, Near Sahara Darwaja, Ring Road, Surat-395002,
Gujarat |
|
Tel. No.: |
91-261-3069128 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
19.06.2012 |
|
|
|
|
Com. Reg. No.: |
04-070797 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 5.450 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120GJ2012PTC070797 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTA05845A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAKCA6422F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Texturized Yarn. (Registered Activity) |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company incorporated in the year 2012 having
moderate track. Turnover and profit of the company has declined during FY2015. Further, the borrowings recorded by the company are huge and increasing
over years which act as a threat to the liquidity position of the company. The rating also takes into consideration unfavorable gap between trade
payables and trade receivables. Their trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered for 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 |
|
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. Chhaganbhai Fulabhai Sangani |
|
Designation : |
Director |
|
Contact No.: |
91-261-3069128 |
|
Date : |
09.12.2015 |
LOCATIONS
|
Registered/ Head Office : |
1001-1002, Jash Market, Near Sahara Darwaja, Ring Road, Surat-395002,
Gujarat, India |
|
Tel. No.: |
91-261-3069128 |
|
Fax No.: |
91-261-2348458 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Plot No. 6, Block No. 213, B/h Essar Pump, At: Mota Borasara, Kim,
Taluka: Mangrol, District: Surat-394110,Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Satishbhai Balubhai Koradia |
|
Designation : |
Director |
|
Address : |
C/8, Yogi Darshan, Makwana Nager, Carter Road No.3,
Borivali (East), Mumbai- 400066, Maharashtra, India |
|
Date of Birth/Age : |
20.04.1976 |
|
Date of Appointment : |
25.10.2013 |
|
DIN No.: |
01791693 |
|
|
|
|
Name : |
Mr. Chhaganbhai Fulabhai Sangani |
|
Designation : |
Director |
|
Address : |
17, Kailashdham Society, Varachha Road, Surat-395006,
Gujarat, India |
|
Date of Birth/Age : |
02.03.1965 |
|
Date of Appointment : |
19.06.2012 |
|
DIN No.: |
01862398 |
|
|
|
|
Name : |
Mr. Prakash Purshottambhai Patel |
|
Designation : |
Director |
|
Address : |
101, Shanti Niketan, Roshan Nagar, Chandravarkar Lane, Borivali
West, Mumbai-400092, Maharashtra, India |
|
Date of Birth/Age : |
08.04.1981 |
|
Date of Appointment : |
25.10.2013 |
|
DIN No.: |
06741614 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.03.2015
|
Names of Shareholders |
|
No. of Shares |
|
Dineshkumar Haribhai Patel |
|
23082 |
|
Chhaganbhai Fulabhai Sangani |
|
63750 |
|
Ghanshyambhai Vallabhbhai Patel |
|
68750 |
|
Arvindbhai Kantibhai Patel |
|
37500 |
|
Bhaveshkumar Jaswantbhai Patel |
|
62500 |
|
Geetaben Rameshchandra Bhanderi |
|
1250 |
|
Hariben Vitthalbhai Bhanderi |
|
1500 |
|
Jagdishsinh Manubhai Chauhan |
|
37500 |
|
Manish Harishbhai Rana |
|
50000 |
|
Rameshchandra V. Bhanderi |
|
1500 |
|
Rameshchandra V. Bhanderi (HUF) |
|
1375 |
|
Tejas Kirtikumar Bhatt |
|
37500 |
|
Vijay Ravjibhai Savaliya |
|
1250 |
|
Jagdishsingh Manubhai Chauhan (HUF) |
|
37500 |
|
Maheshbhai Tulsibhai Patel |
|
25000 |
|
Satishbhai Balubhai Koradiya |
|
40000 |
|
Prakash P. Patel |
|
28125 |
|
Bhoomika Chhaganbhai Sangani |
|
26918 |
|
Total |
|
545000 |
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
35.78 |
|
Other
top fifty shareholders |
64.22 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Texturized Yarn. (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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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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Facilities : |
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|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
D B Bariwala and Company Chartered Accountants |
|
Address : |
8/ 1418, Navkar Kayasant Mohallo, Gopipura, Surat-395003, Gujarat,
India |
|
Income-tax
PAN of auditor or auditor's firm : |
ADBPB3812H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Related Parties : |
· OM Industries · S.B. Industries · Alliance Filaments Limited · Hiren Texturisers Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
545,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.450
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 |
5.450 |
5.450 |
4.825 |
|
(b) Reserves & Surplus |
14.589 |
13.643 |
10.473 |
|
(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share
Application money pending allotment |
0.000 |
2.000 |
2.500 |
|
Total
Shareholders’ Funds (1) + (2) |
20.039 |
21.093 |
17.798 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
92.379 |
59.378 |
48.684 |
|
(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) |
92.379 |
59.378 |
48.684 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
61.286 |
47.830 |
7.498 |
|
(b)
Trade payables |
32.457 |
51.578 |
4.547 |
|
(c)
Other current liabilities |
13.479 |
19.072 |
4.897 |
|
(d)
Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
107.222 |
118.480 |
16.942 |
|
|
|
|
|
|
TOTAL |
219.640 |
198.951 |
83.424 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
82.532 |
65.242 |
63.864 |
|
(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) |
0.224 |
0.289 |
0.000 |
|
(d) Long-term Loan
and Advances |
2.228 |
2.123 |
2.011 |
|
(e)
Other Non-current assets |
0.029 |
0.043 |
0.057 |
|
Total
Non-Current Assets |
85.013 |
67.697 |
65.932 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
91.220 |
48.682 |
8.705 |
|
(c)
Trade receivables |
22.918 |
25.758 |
5.643 |
|
(d)
Cash and cash equivalents |
3.101 |
2.064 |
0.230 |
|
(e)
Short-term loans and advances |
16.989 |
10.872 |
2.914 |
|
(f)
Other current assets |
0.399 |
43.878 |
0.000 |
|
Total
Current Assets |
134.627 |
131.254 |
17.492 |
|
|
|
|
|
|
TOTAL |
219.640 |
198.951 |
83.424 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
410.060 |
509.296 |
17.006 |
|
|
|
Other Income |
0.290 |
0.459 |
0.048 |
|
|
|
TOTAL (A) |
410.350 |
509.755 |
17.054 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
339.760 |
426.638 |
19.806 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
4.563 |
(21.513) |
(8.131) |
|
|
|
Manufacturing Expenses |
32.721 |
75.870 |
2.867 |
|
|
|
Employees benefits expense |
7.344 |
2.999 |
0.203 |
|
|
|
Other expenses |
6.058 |
7.534 |
0.861 |
|
|
|
Prior Period Expenses |
(0.002) |
0.034 |
0.000 |
|
|
|
TOTAL (B) |
390.444 |
491.562 |
15.606 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
19.906 |
18.193 |
1.448 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.032 |
8.319 |
1.256 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.874 |
9.874 |
0.192 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
7.626 |
8.597 |
1.194 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.248 |
1.277 |
(1.002) |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.302 |
(0.018) |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.946 |
1.295 |
(1.002) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.74 |
2.48 |
(2.08) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term Borrowings |
|
|
|
|
The South Indian Bank Limited (Machinery) |
11.124 |
8.721 |
3.960 |
|
The South Indian Bank Limited (Construction) |
1.680 |
1.680 |
0.840 |
|
Total |
12.804 |
10.401 |
4.800 |
|
|
|
|
|
|
Cash Generated from/ (used in) Operations |
3.918 |
1.258 |
NA |
|
|
|
|
|
|
Net Cash Flow from/(used in) Operating Activities |
3.648 |
1.258 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.23 |
0.25 |
(5.89) |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.85 |
3.57 |
8.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.57 |
0.64 |
(1.20) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06 |
0.06 |
(0.06) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
8.31 |
5.58 |
3.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.11 |
1.03 |
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 |
4.825 |
5.450 |
5.450 |
|
Reserves & Surplus |
10.473 |
13.643 |
14.589 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
2.500 |
2.000 |
0.000 |
|
Net
worth |
17.798 |
21.093 |
20.039 |
|
|
|
|
|
|
Long-term borrowings |
48.684 |
59.378 |
92.379 |
|
Short term borrowings |
7.498 |
47.830 |
61.286 |
|
Current Maturities of
Long-Term Borrowings |
4.800 |
10.401 |
12.804 |
|
Total
borrowings |
60.982 |
117.609 |
166.469 |
|
Debt/Equity
ratio |
3.426 |
5.576 |
8.307 |
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 |
17.006 |
509.296 |
410.060 |
|
|
|
2,894.802 |
(19.485) |
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 |
17.006 |
509.296 |
410.060 |
|
Profit/ (Loss) |
(1.002) |
1.295 |
0.946 |
|
|
(5.89%) |
0.25% |
0.23% |
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 |
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 |
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 |
10397283 |
29/03/2014 * |
140,000,000.00 |
THE SOUTH INDIAN BANK LIMITED |
THE SOUTH INDIAN BANK
LIMITED, UDHNA NAVSARI MAIN |
C03133980 |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2015 (Rs.
In Million) |
31.03.2014 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Loans from body Corporates |
45.723 |
0.000 |
|
Hansaben G. Patel |
0.000 |
1.475 |
|
Heena A Patel |
0.000 |
0.635 |
|
Manajkumar Sangani |
0.000 |
0.986 |
|
R R Yarn |
0.600 |
0.000 |
|
|
|
|
|
Total |
46.323 |
3.096 |
FINANCIAL
PERFORMANCE:
During the year, compared to previous financial year, the revenue from
operation decreased from Rs. 509.200 Million to Rs. 410.000 Million. Likewise,
there is decrease in profit before tax to Rs. 1.248 Million compared to Rs.
1.276 Million of Profit before tax of previous financial year.
FIXED ASSETS:
Tangible Assets
·
Land
·
Buildings
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Office Equipment
·
Computer
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. 66.79 |
|
|
1 |
Rs. 101.37 |
|
Euro |
1 |
Rs. 73.46 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
|
27 |
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.