MIRA INFORM REPORT
|
Report No. : |
356270 |
|
Report Date : |
23.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHARK SHOPFITS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C – 23, First Floor, Shivalik Colony, Malviya Nagar, New Delhi –
110017 |
|
Tel. No.: |
91-11-23347488 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
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|
|
|
Date of
Incorporation : |
21.03.2012 |
|
|
|
|
Com. Reg. No.: |
55-233246 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.0.474 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36100DL2012PTC233246 |
|
|
|
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IEC No.: |
0512074924 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELS47506E |
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|
|
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PAN No.: [Permanent Account No.] |
AARCS2818J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Wood and Wood Products, Furniture and Paper Products.
(Confirmed by managemet) |
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|
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|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 2012 having
satisfactory track. It is engaged in the business as manufacturer of wood and wood
products, furniture and paper products. Available financial indicates sound financial eisk profile marked by
healthy networth base along with comfortable liquidity position and favorable
gap between trade payables and trade receivables. Further, the rating also takes into consideration good profit margin
of the company. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct and as per commitment. The company can be considered normal for business dealings at 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.
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
|
Name : |
Mr. Manish Jain |
|
Designation : |
Director |
|
Contact No.: |
91-9810113837 |
|
Date : |
22.12.2015 |
LOCATIONS
|
Registered Office : |
C – 23, First Floor, Shivalik Colony, Malviya Nagar, New Delhi –
110017, India |
|
Tel. No.: |
91-11-23347488 |
|
Mobile No.: |
91-9810113837 (Mr. Manish Jain) 91-9810045935 (Mr. Avenish Jain) |
|
Fax No : |
Not Available |
|
E-Mail : |
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Website : |
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|
Factory : |
Plot No. 29 and 28 A, Udyog Vihar Echotec - II, Greater Noida,
District. Gautam Budh Nagar - 201306, Uttar Pradesh, India |
|
Tel. No.: |
91-120-4811090 |
|
E-Mail : |
DIRECTORS
As on 31.03.2015
|
Name : |
Ms. Jyoti Nautiyal |
|
Designation : |
Director |
|
Address : |
10/14, Sarva Priya Vihar Basement Floor, Delhi – 110016, India |
|
Date of Birth/Age : |
24.03.1976 |
|
Date of Appointment : |
21.03.2012 |
|
DIN No.: |
05222048 |
|
|
|
|
Name : |
Mr. Manish Jain |
|
Designation : |
Director |
|
Address : |
E 3, First Floor, Greater Kailash – III, Delhi – 110048, India |
|
Date of Birth/Age : |
26.08.1975 |
|
Date of Appointment : |
13.04.2012 |
|
DIN No.: |
01168232 |
|
|
|
|
Name : |
Ms. Shweta Jain |
|
Designation : |
Director |
|
Address : |
T -18, Green Park Extension, Delhi – 110016, India |
|
Date of Birth/Age : |
08.11.1978 |
|
Date of Appointment : |
21.03.2012 |
|
DIN No.: |
05222050 |
|
|
|
|
Name : |
Mr. Avenish Jain |
|
Designation : |
Director |
|
Address : |
S -187, Second Floor, Greater Kailash Part – II, Delhi – 110048, India
|
|
Date of Birth/Age : |
24.05.1974 |
|
Date of Appointment : |
16.01.2013 |
|
DIN No.: |
00301896 |
|
|
|
|
Name : |
Mr. Ashish Jain |
|
Designation : |
Director |
|
Address : |
T -18, Green Park Extension, Delhi – 110016, India |
|
Date of Birth/Age : |
17.06.1975 |
|
Date of Appointment : |
16.01.2013 |
|
DIN No.: |
00301942 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
No. of Shares |
|
Ashish Jain |
10677 |
|
Avenish Jain |
10000 |
|
Manish Jain |
16146 |
|
Shweta Jain |
5000 |
|
Jyoti Nautiyal |
5000 |
|
Meera Bai Jain |
11 |
|
Sandeep Jain |
11 |
|
Sandeep Jain (HUF) |
532 |
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 : |
Manufacturer of Wood and Wood Products, Furniture and Paper Products.
(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 : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit (30/ 60/ 90 Days) |
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Purchasing : |
Cash and Credit (30/ 60/ 90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users and OEM’s
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
Note: SHORT TERM
BORROWINGS Working capital facilities from Ratnakar Bank Limited is secured by
way of First pari passu charge on entire inventories and book debts of the
company. There has been no continuing default on the balance sheet date in
repayment of loan and interest. |
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|
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Auditors : |
|
|
Name : |
Jain and Malhotra Chartered Accountant |
|
Address : |
42 – B, Hanuman Lane, Near Connaught Place, New Delhi – 110001, India |
|
Tel. No.: |
91-11-233557488 / 23347494 / 23363714 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABFJ6391E |
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Memberships : |
-- |
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Collaborators : |
-- |
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Entity in which Directors owns 50% share or more: |
Ashish Jain and Associates |
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Entity in which director exercises significant influence |
Bleu Concepts |
CAPITAL STRUCTURE
As on 31.03.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Million |
|
|
|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
47418 |
Equity Shares |
Rs.10/- each |
Rs.0.474
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 |
0.474 |
0.451 |
0.450 |
|
(b) Reserves & Surplus |
58.812 |
33.266 |
11.768 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
2.253 |
1.754 |
|
Total
Shareholders’ Funds (1) + (2) |
59.286 |
35.970 |
13.972 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
17.562 |
9.860 |
8.328 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.459 |
0.563 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
5.687 |
2.670 |
0.000 |
|
Total
Non-current Liabilities (3) |
23.249 |
12.989 |
8.891 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
16.853 |
6.923 |
0.000 |
|
(b) Trade payables |
67.975 |
92.621 |
54.031 |
|
(c) Other current liabilities |
12.699 |
16.556 |
19.280 |
|
(d) Short-term provisions |
13.750 |
10.500 |
5.100 |
|
Total
Current Liabilities (4) |
111.277 |
126.600 |
78.411 |
|
|
|
|
|
|
TOTAL |
193.812 |
175.559 |
101.274 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
36.075 |
29.613 |
8.451 |
|
(ii) Intangible Assets |
0.496 |
0.366 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.800 |
|
(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) |
0.987 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
16.149 |
13.375 |
6.659 |
|
Total
Non-Current Assets |
53.707 |
43.354 |
15.910 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
15.662 |
23.086 |
13.096 |
|
(c) Trade receivables |
106.258 |
81.502 |
57.844 |
|
(d) Cash and cash equivalents |
5.998 |
5.363 |
5.465 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
12.187 |
22.254 |
8.959 |
|
Total
Current Assets |
140.105 |
132.205 |
85.364 |
|
|
|
|
|
|
TOTAL |
193.812 |
175.559 |
101.274 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
423.944 |
478.837 |
233.356 |
|
|
Other Income |
3.083 |
4.862 |
NA |
|
|
TOTAL
|
427.027 |
483.699 |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
177.153 |
253.034 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
2.512 |
(4.269) |
|
|
|
Employees benefits expense |
112.311 |
109.258 |
|
|
|
Other expenses |
88.122 |
89.123 |
|
|
|
TOTAL
(B) |
380.098 |
447.146 |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
46.929 |
36.553 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.114 |
1.416 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
44.815 |
35.137 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
9.123 |
3.123 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
35.692 |
32.014 |
17.595 |
|
|
|
|
|
|
|
Less |
TAX (H) |
12.304 |
10.396 |
5.665 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
23.388 |
21.618 |
11.930 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
54.362 |
0.000 |
NA |
|
|
TOTAL
EARNINGS |
54.362 |
0.000 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
0.913 |
NA |
|
|
Components and Stores parts |
0.684 |
0.647 |
NA |
|
|
Capital Goods |
0.000 |
0.426 |
NA |
|
|
TOTAL
IMPORTS |
0.684 |
1.986 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
493.24 |
479.66 |
251.59 |
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 |
11.904 |
33.716 |
NA |
|
Net cash flow from operating activity |
3.600 |
22.819 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.52 |
4.51 |
5.11 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.07 |
7.63 |
100.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.51 |
18.24 |
17.51 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.60 |
0.89 |
1.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.58 |
0.47 |
0.60 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.04 |
1.09 |
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 |
0.450 |
0.451 |
0.474 |
|
Reserves & Surplus |
11.768 |
33.266 |
58.812 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
1.754 |
2.253 |
0.000 |
|
Net
worth |
13.972 |
35.970 |
59.286 |
|
|
|
|
|
|
long-term borrowings |
8.328 |
9.860 |
17.562 |
|
Short term borrowings |
0.000 |
6.923 |
16.853 |
|
Total
borrowings |
8.328 |
16.783 |
34.415 |
|
Debt/Equity
ratio |
0.596 |
0.467 |
0.580 |
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 |
233.356 |
478.837 |
423.944 |
|
|
|
105.196 |
(11.464) |
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 |
233.356 |
478.837 |
423.944 |
|
Profit |
11.930 |
21.618 |
23.388 |
|
|
5.11% |
4.51% |
5.52% |
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) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
NOTE: The registered address of the company has been
shifted from T – 18, Block – T Green Park Extension, New Delhi – 110016, India
to the present address (w.e.f. 18.12.2013)
OPERATIONS AND PERFORMANCE OF THE COMPANY
During the company earned an income Rs.427.028 Million as compared to Rs.483.699 Million during the previous year and has incurred a Profit of Rs.23.388 Million as compared to Profit of Rs.21.618 Million during the previous year.
No material changes and commitments affecting the Financial Position of the Company have occurred between the end of the Financial Year of the Company to which the Financial Statements relate and the date of Report.
UNSECURED LOAN
|
PARTICULARS |
31.03.2015 (Rs.
in Million) |
31.03.2014 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances from Related Parties |
|
|
|
Loan from Director |
4.147 |
6.056 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loan from Private Limited Company |
0.000 |
4.500 |
|
|
|
|
|
Total |
4.147 |
10.556 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10557311 |
07/07/2014 |
20,000,000.00 |
RBL Bank Limited |
SHAHUPURI,KOLHAPUR,,
KOLHAPUR, Maharashtra - 41600 |
C47868567 |
FIXED ASSETS
- Machinery
- Computer
- Furniture and Fixture
- Water Cooler
- Water Purifier
- Paint Booth
- Software
- Motor Vehicle
- Powder Coating Plant
- ETP
- Generator
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.66.29 |
|
|
1 |
Rs.98.70 |
|
Euro |
1 |
Rs.72.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SUD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
50 |
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.