MIRA INFORM REPORT
|
Report No. : |
357039 |
|
Report Date : |
24.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BLUE CIRCLE ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
34, Empire Building, 1st Floor, 146, Dr. D.N. Road, Fort, Mumbai –
400001, Maharashtra |
|
Tel. No.: |
91-22-2207 5307 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.04.2003 |
|
|
|
|
Com. Reg. No.: |
139929 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.31.600 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24299MH2003PTC139929 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is carry on the business of manufacturing,
processing, selling importing, exporting, supplying, dealing and commission agent
in all kinds of organic and inorganic chemicals, industrial chemicals,
agricultural chemicals, basis fine chemicals, all kinds of dyes and
dyestuffs, their intermediates, colour, pigments, bulk drugs and their
intermediates and all kinds of chemicals (Confirmed by indirect source) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 433000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2003 having
satisfactory track. Management of the company has not filed its financial with the
government department for the year 2015. As per available financial of 2014, the company has reported a better
increase in its sales volume and profit. The rating also takes into consideration company’s fair liquidity and
favourable gap between trade receivables and payables. Trade relations are reported as fair. Business is active. Payment
terms are reported as usually correct and as per commitments. The company can be considered 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.
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.
LOCATIONS
|
Registered Office/ Factory : |
34, Empire Building, 1st Floor, 146, Dr. D.N. Road, Fort, Mumbai – 400001,
Maharashtra, India |
|
Tel. No.: |
91-22-22075307 |
|
Fax No.: |
91-22-22070294 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Akshay Bansarilal Arora |
|
Designation : |
Director |
|
Address : |
Plot No. 126, J Lane, Sector 8, Vashi, Navi Mumbai - 400703, Maharashtra, India |
|
Date of Birth/Age : |
11.05.1963 |
|
Date of Appointment : |
07.04.2003 |
|
DIN No.: |
00105637 |
|
|
|
|
Name : |
Archana Akshay Arora |
|
Designation : |
Director |
|
Address : |
Plot No. 126, J Lane, Sector 8, Vashi, Navi Mumbai - 400703, Maharashtra, India |
|
Date of Birth/Age : |
05.07.1969 |
|
Date of Appointment : |
07.04.2003 |
|
DIN No.: |
00105758 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders [Equity Shares] |
|
No. of Shares |
|
Akshay Bansarilal Arora |
|
1325000 |
|
Archana Akshay Arora |
|
100000 |
|
Virbala Bansarilal Arora |
|
75000 |
|
Chinar Chemicals Private Limited, India |
|
22550 |
|
Sanjay Khatri |
|
66000 |
|
Naresh Suryakant Shah |
|
71450 |
|
Total |
|
1660000 |
|
Names of Shareholders [Preference Shares] |
|
No. of Shares |
|
Gautam Kumra |
|
1500000 |
|
|
|
|
|
Total |
|
1500000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
0.71 |
|
Directors or relatives of Directors |
47.47 |
|
Other top fifty shareholders |
51.82 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is carry on the business of manufacturing, processing,
selling importing, exporting, supplying, dealing and commission agent in all
kinds of organic and inorganic chemicals, industrial chemicals, agricultural
chemicals, basis fine chemicals, all kinds of dyes and dyestuffs, their
intermediates, colour, pigments, bulk drugs and their intermediates and all
kinds of chemicals (Confirmed by indirect source) |
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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 : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
P. K. Pachori and Company Chartered Accountants |
|
Address : |
5, 3rd Floor, Dossa Mansion 186, Modi Street, Mumbai – 440001,
Maharashtra, India |
|
Tel. No.: |
91-22-22661818 |
|
Mobile No.: |
91-9820224886 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AATPP9461H |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
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|
|
|
Associates : |
|
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital :
Rs.40.000 Million
Issued, Subscribed & Paid-up Capital : Rs.32.166 Million
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,000,000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Million |
|
2,000,000 |
Preference Shares |
Rs.10/- each |
Rs.20.000 Million |
|
|
Total |
|
Rs.40.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,660,000 |
Equity Shares |
Rs.10/- each |
Rs.16.600
Million |
|
1,500,000 |
Preference Shares |
Rs.10/- each |
Rs.15.000
Million |
|
|
Total |
|
Rs. 31.600 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
31.600 |
16.600 |
16.600 |
|
(b) Reserves &
Surplus |
119.881 |
105.091 |
92.380 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
0.000 |
21.832 |
4.332 |
|
Total Shareholders’ Funds
(1) + (2) |
151.481 |
143.523 |
113.312 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
221.988 |
201.756 |
193.492 |
|
(b) Deferred tax
liabilities (Net) |
4.989 |
4.734 |
4.057 |
|
(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) |
226.977 |
206.490 |
197.549 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
4.117 |
40.788 |
4.790 |
|
(b) Trade payables |
108.169 |
34.207 |
13.838 |
|
(c) Other current
liabilities |
14.750 |
0.000 |
0.000 |
|
(d) Short-term provisions |
26.045 |
15.064 |
15.644 |
|
Total Current Liabilities
(4) |
153.081 |
90.059 |
34.272 |
|
|
|
|
|
|
TOTAL |
531.539 |
440.072 |
345.133 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
173.276 |
171.254 |
170.863 |
|
(ii) Intangible Assets |
4.495 |
2.495 |
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 |
22.894 |
20.021 |
11.973 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
49.076 |
24.201 |
32.974 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
249.741 |
217.971 |
215.810 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
48.421 |
40.332 |
25.527 |
|
(c) Trade receivables |
157.623 |
92.165 |
60.023 |
|
(d) Cash and cash
equivalents |
4.208 |
41.608 |
14.990 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
71.546 |
47.996 |
28.783 |
|
Total Current Assets |
281.798 |
222.101 |
129.323 |
|
|
|
|
|
|
TOTAL |
531.539 |
440.072 |
345.133 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
543.317 |
422.366 |
|
|
|
Other Income |
14.625 |
32.271 |
|
|
|
TOTAL (A) |
557.942 |
454.637 |
328.831 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
257.487 |
204.769 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(0.301) |
(2.763) |
|
|
|
Employees benefits
expense |
22.499 |
16.693 |
|
|
|
Other expenses |
218.497 |
184.420 |
|
|
|
TOTAL (B) |
498.182 |
403.119 |
291.498 [Including Financial
Expenses] |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
59.760 |
51.518 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
14.402 |
10.915 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX,
DEPRECIATION AND AMORTISATION (C-D) (E) |
45.358 |
40.603 |
37.333 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
23.238 |
21.296 |
20.224 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
22.120 |
19.307 |
17.109 |
|
|
|
|
|
|
|
Less |
TAX (H) |
7.331 |
6.478 |
4.330 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
14.789 |
12.829 |
12.779 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
476.444 |
413.657 |
NA |
|
|
TOTAL EARNINGS |
476.444 |
413.657 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
96.127 |
81.770 |
89.487 |
|
|
Packaging Material |
1.682 |
1.905 |
NIL |
|
|
Lab Equipment |
1.041 |
3.161 |
NIL |
|
|
TOTAL IMPORTS |
98.850 |
86.836 |
89.487 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
8.91 |
7.73 |
-- |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
12.926 |
45.737 |
4.428 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.72 |
3.04 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
11.00 |
12.20 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.35 |
4.60 |
5.14 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.13 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.49 |
1.69 |
1.75 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.84 |
2.47 |
3.77 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
16.600 |
16.600 |
31.600 |
|
Reserves & Surplus |
92.380 |
105.091 |
119.881 |
|
Share Application money
pending allotment |
4.332 |
21.832 |
0.000 |
|
Net
worth |
113.312 |
143.523 |
151.481 |
|
|
|
|
|
|
long-term borrowings |
193.492 |
201.756 |
221.988 |
|
Short term borrowings |
4.790 |
40.788 |
4.117 |
|
Total
borrowings |
198.282 |
242.544 |
226.105 |
|
Debt/Equity
ratio |
1.750 |
1.690 |
1.493 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
328.831 |
454.637 |
557.942 |
|
|
|
38.259 |
22.723 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
328.831 |
454.637 |
557.942 |
|
Profit |
12.779 |
12.829 |
14.789 |
|
|
3.89% |
2.82% |
2.65% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and Advances from other parties |
4.332 |
0.000 |
|
Loans and Advances from related parties |
50.500 |
47.444 |
|
Loans from directors |
2.266 |
7.659 |
|
Total |
57.098 |
55.103 |
INDEX OF CHARGES :
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10483537 |
13/08/2014 * |
220,000,000.00 |
BANK OF INDIA |
TURBHE BRANCH PLOT
NO.34, SECTOR-24, TURBHE, NAVI |
C19130715 |
|
2 |
10349449 |
23/02/2012 |
66,000,000.00 |
BANK OF INDIA |
PLOT NO 34, SECTOR 24,
TURBHE,, NAVI MUMBAI, MAHAR |
B37503950 |
|
3 |
10134335 |
06/12/2012 * |
246,700,000.00 |
BANK OF INDIA |
TURBHE BRANCH, PLOT
NO 34, SECTOR 24, TURBHE, NAVI |
B64480221 |
|
4 |
10111516 |
23/02/2012 * |
180,700,000.00 |
BANK OF INDIA - TURBHE BRANCH |
MARKET COMPLEX BUILDING , SECTOR 15-16, VASHI , NAVI MUMBAI, THANE, MAHARASHTRA - 400705, INDIA |
B37619632 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and Machinery
- Lab equipment
- Furniture and fixtures
- Air Conditioner
- Office equipment
- Computer
- Two wheeler
- Motor car
- Trademark
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.66.20 |
|
|
1 |
Rs.98.29 |
|
Euro |
1 |
Rs.72.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
45 |
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.