MIRA INFORM REPORT
|
Report No. : |
355809 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ENTRAK INTERNATIONAL TRADING PRIVATE LIMITED (w.e.f. 22.07.2015) |
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|
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Formerly Known
As : |
ENTRACK INTERNATIONAL TRADING PRIVATE LIMITED |
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Registered
Office : |
414, Star Plaza, Jasani Road, Rajkot- 360001, Gujarat |
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Tel. No.: |
91-281-2477982 |
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Country : |
India |
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Financials (as
on) : |
31.03.2015 |
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Date of
Incorporation : |
11.03.1994 |
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Com. Reg. No.: |
04-034664 |
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Capital
Investment / Paid-up Capital : |
Rs. 120.000 Million |
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CIN No.: [Company Identification
No.] |
U51100GJ1994PTC034664 |
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IEC No.: |
0594041481 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAACE2476K |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader and Importer of Pens, Writing Instruments, Belts, Wallets and
Leather Designer Bags. (Confirmed by management) |
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No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 110000 |
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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 an established company incorporated in the year 1994 having moderate track. The rating takes into consideration accumulated losses incurred by the company during FY2015. Management of the company has witnessed continuous decline in the turnover and has also incurred losses from its operational activities. The rating also takes into consideration huge unfavorable gap between trade payables and trade receivables. Their trade relations are reported as fair. Business is active. Payments terms are reported as 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.
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Rajesh S. |
|
Designation : |
Account Manager |
|
Contact No.: |
91-281-2477982 |
|
Date : |
19.12.2015 |
LOCATIONS
|
Registered Office / Warehouse: |
414, Star Plaza, Jasani Road, Rajkot- 360001, Gujarat, India |
|
Tel. No.: |
91-281-2477982 |
|
Fax No.: |
91-281-2477980 |
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E-Mail : |
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|
Website : |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Pankaj Rasiklal Shah |
|
Designation : |
Director |
|
Address : |
Shroff Road, Kitab Ghar, Rajkot-360001, Gujarat, India |
|
Date of Birth/Age : |
62 Years |
|
Qualification : |
B.A. DERE |
|
Experience : |
18 Years |
|
Date of Appointment : |
04.04.1995 |
|
PAN No.: |
AESPS0945L |
|
DIN No.: |
00467330 |
|
|
|
|
Name : |
Mr. Dilip Rasiklal Doshi |
|
Designation : |
Director |
|
Address : |
414-Star Plaza, Near. Phulchhab Chowk, Rajkot-360001, Gujarat, India |
|
Date of Birth/Age : |
68 Years |
|
Qualification : |
B. Com |
|
Experience : |
39 Years |
|
Date of Appointment : |
04.04.1995 |
|
PAN No.: |
ADQPD7938M |
|
DIN No.: |
01317373 |
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|
|
|
Name : |
Mr. Nayan Dilip Doshi |
|
Designation : |
Additional Director |
|
Address : |
Flat-1, Samruddhi, 22 Altamount Road, Kemps Corner, Mumbai-400026, Maharashtra, India |
|
Date of Birth/Age : |
06.10.1978 |
|
Date of Appointment : |
25.10.2013 |
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PAN No.: |
ASMPD2637C |
|
DIN No.: |
06523030 |
KEY EXECUTIVES
|
Name : |
Mr. Rajesh S. |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Nayan Dilip Doshi |
1500000 |
12.50 |
|
Dilip Rasiklal Doshi |
7100000 |
59.17 |
|
Kalindi D. Doshi |
1900000 |
15.83 |
|
Vishaka Doshi |
1500000 |
12.50 |
|
Total |
12000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Pens, Writing Instruments, Belts, Wallets and
Leather Designer Bags. (Confirmed by management) |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products: |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit (30/60/90 Days) |
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Purchasing : |
Cash, Credit (30/60/90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers
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No. of Employees : |
50 (Approximately) |
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Bankers : |
HDFC Bank Limited, HDFC Bank House senapati Bapat Marg, Lower Parel (West), Mumbai -400013, Maharashtra, India Tel No.: 91-22-66521000 (Continuously Ringing )
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
Punit Sarda and Company Chartered Accountants |
|
Address : |
36, Sukh Sagar Society, Near Sudama Nagar, Dhoraji Road, Jetpur – 360370, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AVUPS1095G |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
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CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 120.000 Million |
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|
|
|
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 |
120.000 |
120.000 |
120.000 |
|
(b) Reserves & Surplus |
(83.053) |
158.083 |
170.339 |
|
(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) |
36.947 |
278.083 |
290.339 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
26.982 |
2.383 |
9.212 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
13.984 |
25.848 |
|
(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) |
26.982 |
16.367 |
35.060 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
397.374 |
564.024 |
572.023 |
|
(b) Trade payables |
210.934 |
191.280 |
109.074 |
|
(c) Other current liabilities |
50.391 |
73.407 |
60.177 |
|
(d) Short-term provisions |
5.034 |
5.322 |
13.971 |
|
Total
Current Liabilities (4) |
663.733 |
834.033 |
755.245 |
|
|
|
|
|
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TOTAL |
727.662 |
1128.483 |
1080.644 |
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|
|
|
|
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
203.421 |
260.867 |
252.738 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
4.237 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.206 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
225.823 |
215.275 |
88.413 |
|
(e) Other Non-current assets |
0.000 |
16.174 |
47.488 |
|
Total
Non-Current Assets |
432.450 |
492.316 |
392.876 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
96.262 |
494.851 |
494.090 |
|
(c) Trade receivables |
19.672 |
53.481 |
66.512 |
|
(d) Cash and cash equivalents |
110.127 |
51.687 |
49.884 |
|
(e) Short-term loans and
advances |
69.151 |
36.148 |
77.282 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
295.212 |
636.167 |
687.768 |
|
|
|
|
|
|
TOTAL |
727.662 |
1128.483 |
1080.644 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
788.635 |
1051.288 |
1110.864 |
|
|
Other Income |
9.007 |
11.013 |
24.855 |
|
|
TOTAL
(A) |
797.642 |
1062.301 |
1135.719 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
155.433 |
583.134 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
369.722 |
12.803 |
943.949 |
|
|
Employees benefits expense |
89.118 |
83.347 |
|
|
|
Other expenses |
323.162 |
288.223 |
|
|
|
TOTAL
(B) |
937.435 |
967.507 |
943.949 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(139.793) |
94.794 |
191.770 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
52.883 |
92.263 |
114.991 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(192.676) |
2.531 |
76.779 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
60.412 |
22.283 |
54.313 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(253.088) |
(19.752) |
22.466 |
|
|
|
|
|
|
|
Less |
TAX (H) |
(15.491) |
(7.497) |
7.588 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(237.597) |
(12.255) |
14.878 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
151.635 |
163.890 |
149.011 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
-85.962 |
151.635 |
163.889 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
20.071 |
16.110 |
23.593 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
-19.80 |
-1.02 |
1.23 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Current Maturities of Long term debt |
8.600 |
3.285 |
9.417 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
255.273 |
134.108 |
200.711 |
|
Net cash flows from (used in) operating activities |
255.273 |
130.944 |
195.856 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(30.13) |
(1.17) |
1.34 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(17.73) |
9.02 |
17.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(34.93) |
(1.75) |
2.09 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(6.85) |
(0.07) |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
11.72 |
2.05 |
2.03 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.44 |
0.76 |
0.91 |
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 |
120.000 |
120.000 |
120.000 |
|
Reserves & Surplus |
170.339 |
158.083 |
-83.053 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
290.339 |
278.083 |
36.947 |
|
|
|
|
|
|
long-term borrowings |
9.212 |
2.383 |
26.982 |
|
Short term borrowings |
572.023 |
564.024 |
397.374 |
|
Current maturities of
long-term debts |
9.417 |
3.285 |
8.600 |
|
Total
borrowings |
590.652 |
569.692 |
432.956 |
|
Debt/Equity
ratio |
2.034 |
2.049 |
11.718 |
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 |
1110.864 |
1051.288 |
788.635 |
|
|
|
(5.363) |
(24.984) |
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 |
1110.864 |
1051.288 |
788.635 |
|
Profit |
14.878 |
(12.255) |
(237.597) |
|
|
1.34% |
(1.17%) |
(30.13%) |
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 |
Yes |
|
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) |
Yes |
|
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 |
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 |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL
PERFORMANCE:
During the year, revenue from operation decreased substantially from Rs.1051.288 Million to Rs.788.635 Million due to wrongful termination of Distribution Agreement and Franchise Agreement by Montblanc effective from 30th September 2014 and discontinuation of supplies from August 2014. The company has incurred heavy loss in the year as incidence of the cost / expenses on boutique and their rents, salaries and wages, interest could not be absorbed in considerably reduced sales revenue.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2015 |
As
on 31.03.2014 |
|
LONG TERM
BORROWING |
|
|
|
Rupee term loans from banks |
0.000 |
1.383 |
|
Loans and advances from directors |
9.250 |
1.000 |
|
SHORT TERM
BORROWING |
|
|
|
Loans repayable on demand from banks |
0.000 |
4.095 |
|
Intercorporate borrowings |
0.000 |
200.969 |
|
Intercorporate deposits |
200.000 |
0.000 |
|
Total |
209.250 |
207.447 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10424853 |
13/05/2009 |
140,000,000.00 |
INDUSIND BANK LTD. |
INDUSIND HOUSE 425, D B MARG,, OPERA HOUSE, MUMBA |
B62972021 |
|
2 |
10413536 |
04/04/2009 |
140,000,000.00 |
INDUSIND BANK LTD. |
INDUSIND HOUSE 425, D B MARG,, OPERA HOUSE, MUMBA |
B62972195 |
|
3 |
90108133 |
19/07/2012 * |
690,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
B44999555 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.14 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
|
29 |
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.