MIRA INFORM REPORT
|
Report No. : |
355671 |
|
Report Date : |
21.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
RANK ADDITIVES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15, Second Floor, Swastik Super Market, Nutan Fellowship School Compound, Ashram Road, Ahmedabad- 380009, Gujarat |
|
Tel. No.: |
91-267-2265275 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
16.06.2006 |
|
|
|
|
Com. Reg. No.: |
04-048488 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.012 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24119GJ2006PTC048488 |
|
|
|
|
IEC No.: |
3409005544 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR3315F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Suppling and Trading in various chemicals used in paint industries and also trading in Turpentine used in various industries. (Registered Activity/ Confirmed by management) |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 31000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject was established in the year 2006 and it is engaged in the
business of organic chemical product activities. For the financial year ended 2015, revenue of the company has been decline
by 11.45% and has also reported low margin at 0.07% during the year under
review. Rating remain constrained on account of company’s moderate financial
profile marked by modest networth base along with moderate debt coverage
indicators and leverage balance sheet profile of the company. However, rating weakness is partially offset by company’s established
track record of supported by extensive industry experience of promotes in
organic chemical business and favorable gap between trade payables to its
receivables. Trade relations are reported as fair. Payments are reported to be slow
but correct. In view of aforesaid, the company can be considered for business
dealing 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
|
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 : |
Mr. Nilesh Patel |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9825316768 |
|
Date : |
18.12.2015 |
LOCATIONS
|
Registered Office : |
15, Second Floor, Swastik Super Market, Nutan Fellowship School Compound, Ashram Road, Ahmedabad- 380009, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825316768 (Mr. Nilesh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Admin Office/ Factory : |
Survey No. 184, B/H. Dholakuwa Bus Stop, Dahod Road, Vavdi Buzarg, Godhra, District Panchmahal, Godhra - 389001, Gujarat, India |
|
Tel. No.: |
91-267-2265275 |
|
E-Mail : |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Nilesh Ratibhai Patel |
|
Designation : |
Director |
|
Address : |
3 Krishna Nagar Society Bamroli Road, Godhra, Godhara-389001, Gujarat, India |
|
Date of Birth/Age : |
21.08.1969 |
|
Date of Appointment : |
16.06.2006 |
|
PAN No.: |
ADUPP4221H |
|
DIN No.: |
00291778 |
|
|
|
|
Name : |
Mr. Ratibhai Vithalbhai Patel |
|
Designation : |
Director |
|
Address : |
At- Krushna Nagar Bam Road, Ta- Godhra Village Vavdi Bujarag (Part), Godhra-389001, Gujarat, India |
|
Date of Birth/Age : |
12.12.1939 |
|
Date of Appointment : |
16.06.2006 |
|
PAN No.: |
ADUPP4227H |
|
DIN No.: |
02764897 |
|
|
|
|
Name : |
Mr. Aniket Nileshbhai Patel |
|
Designation : |
Director |
|
Address : |
3, Krishnanagar Society, Bamroli Road, Godhra-389001, Gujarat, India |
|
Date of Appointment : |
23.04.2015 |
|
DIN No.: |
07162498 |
|
|
|
|
Name : |
Mrs. Nimishaben Nileshbhai Patel |
|
Designation : |
Director |
|
Address : |
3, Krishnanagar Society, Bamroli Road, Godhra-389001, Gujarat, India |
|
Date of Appointment : |
23.04.2015 |
|
PAN No.: |
AHGPP3439B |
|
DIN No.: |
07162505 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2015
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Nilesh Ratibhai Patel |
151200 |
37.69 |
|
Ratibhai Vithalbhai Patel |
140000 |
34.90 |
|
Nimishaben Nileshbhai Patel |
110000 |
27.41 |
|
Total |
401200 |
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 : |
Manufacturing and Suppling and Trading in various chemicals used in paint industries and also trading in Turpentine used in various industries. (Registered Activity/ 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 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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Auditors : |
|
|
Name : |
Arun Sadhwani and Company Chartered Accountants |
|
Address : |
3, Bhagyoday, Near C U Shah, Navjivan, Ahmedabad-380014, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ACWPS4345J |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
|
CAPITAL STRUCTURE
As on 30.09.2015
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 |
|
|
|
|
|
|
401,200 |
Equity Shares |
Rs.10/- each |
Rs. 4.012
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 |
4.012 |
4.012 |
4.012 |
|
(b) Reserves & Surplus |
6.770 |
5.984 |
4.874 |
|
(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) |
10.782 |
9.996 |
8.886 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
28.498 |
35.158 |
31.643 |
|
(b) Trade
payables |
14.852 |
15.710 |
19.620 |
|
(c) Other current
liabilities |
0.037 |
0.340 |
0.139 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
43.387 |
51.208 |
51.402 |
|
|
|
|
|
|
TOTAL |
54.169 |
61.204 |
60.288 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
10.209 |
11.040 |
11.990 |
|
(ii)
Intangible Assets |
0.011 |
0.016 |
0.021 |
|
(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.108 |
|
(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) |
0.078 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.068 |
0.090 |
0.113 |
|
Total Non-Current
Assets |
10.366 |
11.146 |
12.232 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
15.397 |
16.449 |
16.842 |
|
(c) Trade
receivables |
23.479 |
30.404 |
28.400 |
|
(d) Cash
and cash equivalents |
0.503 |
0.262 |
0.539 |
|
(e)
Short-term loans and advances |
0.513 |
0.376 |
0.269 |
|
(f) Other
current assets |
3.911 |
2.567 |
2.006 |
|
Total
Current Assets |
43.803 |
50.058 |
48.056 |
|
|
|
|
|
|
TOTAL |
54.169 |
61.204 |
60.288 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
116.781 |
131.516 |
171.304 |
|
|
|
Other Income |
0.011 |
0.000 |
0.000 |
|
|
|
TOTAL (A) |
116.792 |
131.516 |
171.304 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
98.110 |
112.060 |
143.609 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(0.176) |
(1.210) |
(0.055) |
|
|
|
Employees benefits expense |
3.522 |
3.365 |
3.943 |
|
|
|
Administrative and Other expenses |
7.475 |
8.451 |
11.557 |
|
|
|
TOTAL (B) |
108.931 |
122.666 |
159.054 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
7.861 |
8.850 |
12.250 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
4.882 |
4.992 |
5.538 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
2.979 |
3.858 |
6.712 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
1.842 |
2.184 |
2.557 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
1.137 |
1.674 |
4.155 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.351 |
0.564 |
1.124 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
0.786 |
1.110 |
3.031 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
1.972 |
0.862 |
1.843 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
4.012 |
|
|
|
Balance
Carried to the B/S |
2.758 |
1.972 |
0.862 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
2.00 |
2.77 |
7.56 |
|
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 |
5.772 |
5.358 |
8.993 |
|
Net cash flows from operating Activity |
5.421 |
4.794 |
7.869 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.67 |
0.84 |
1.77 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.73 |
6.73 |
7.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.10 |
2.74 |
6.90 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.17 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.64 |
3.52 |
3.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.01 |
0.98 |
0.93 |
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 |
4.012 |
4.012 |
4.012 |
|
Reserves & Surplus |
4.874 |
5.984 |
6.770 |
|
Net
worth |
8.886 |
9.996 |
10.782 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
31.643 |
35.158 |
28.498 |
|
Total
borrowings |
31.643 |
35.158 |
28.498 |
|
Debt/Equity
ratio |
3.561 |
3.517 |
2.643 |
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 |
171.304 |
131.516 |
116.781 |
|
|
|
(23.227) |
(11.204) |
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 |
171.304 |
131.516 |
116.781 |
|
Profit |
3.031 |
1.110 |
0.786 |
|
|
1.77% |
0.84% |
0.67% |
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) |
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 |
CORPORATE INFORMATION
:
The company was incorporated in India 2006 and registered under the Indian companies act, 1956. The company is trading in various chemicals used in paint industries across India. The Company is also trading in Turpentine used in various industries.
UNSECURED LOAN
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and
advances from related parties |
|
|
|
From directors and shareholders |
9.671 |
9.271 |
|
From Relative and Friend |
10.238 |
21.579 |
|
Total |
19.909 |
30.850 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10035211 |
10/08/2009 * |
10,000,000.00 |
BANK OF BARODA |
GANDHI CHAWK, GODHRA BRANCH, GODHRA, Gujarat - 389002, INDIA |
A68060706 |
* Date of charge modification
FIXED ASSETS
- Lease Hold Land and Garden
- Building
- Air conditioner
- Plant and machinery
- Office equipment
- Mobile instruments
- Television
- Furniture and fixture
- Computers
- Vehicle
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.66.42 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.72.13 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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.