MIRA INFORM REPORT
|
Report No. : |
356256 |
|
Report Date : |
28.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
NANDI VARDHANA TEXTILE MILLS LIMITED (w.e.f. 02.04.2009) |
|
|
|
|
Formerly Known
As : |
NANDI VARDHANA TEXTILE MILLS LIMITED (w.e.f. 26.06.2008) NANDHI
VARDHANA TEXTILE MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
NH 5, Thimmapuram, Ydlapadu Mandal, Guntur – 522233, Andhra Pradesh |
|
Tel. No.: |
91-8647-253118 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.06.2005 |
|
|
|
|
Com. Reg. No.: |
18-046546 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 110.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101AP2005PLC046546 |
|
|
|
|
IEC No.: |
0905012330 |
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TIN No.: |
37780281436 |
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|
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCN1423H |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
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Line of Business
: |
Manufacturer of Cotton Yarn. (Indirect Sources) |
|
|
|
|
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 605000 |
|
|
|
|
Status : |
Satisfactory |
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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 2005. It is engaged in the manufacturing of cotton yarn and has satisfactory track. Management of the company has failed to file financials for the year 2015 with the government department. The rating takes into consideration sound financial risk profile of the company marked by adequate networth base and comfortable debt level in the year 2014.However, reserve level of the company was reported to be low along with decreasing cash level over previous year. The rating however constraints on account of highly fragmented textile industry and susceptibility of profit margins to the fluctuation in raw material prices. Trade relations are fair. Business is active. Payment terms are usually correct. In view of aforesaid, the company can be considered for normal business dealings with 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 |
CARE |
|
Rating |
Long terms bank facilities = BB |
|
Rating Explanation |
Inadequate-credit-quality and high credit
risk |
|
Date |
20.11.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short terms bank facilities = A4 |
|
Rating Explanation |
Minimal degree of safety and high credit
risk |
|
Date |
20.11.2015 |
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 : |
NH 5, Thimmapuram, Ydlapadu Mandal, Guntur – 522233, Andhra Pradesh,
India |
|
Tel. No.: |
91-8647-253118 |
|
Fax No.: |
91-8647-258305 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Anjaiah Gonuguntla |
|
Designation : |
Director |
|
Address : |
D. No. 3-1-130 (Old), 3-1-304 (New), 8th Line, Krishna Nagar, Guntur - 522006, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.06.1970 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.06.2005 |
|
PAN No.: |
AGEPG7707Q |
|
DIN No.: |
00030962 |
|
|
|
|
Name : |
Mr. Srinivasa Rao Pinninti |
|
Designation : |
Managing director |
|
Address : |
D.No. 4-4-173/2, Plot No - C, 7/2, Chandramouli Nagar, Guntur - 522007, Andhra Pradesh, India |
|
Date of Birth/Age : |
05.01.1970 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.06.2005 |
|
PAN No.: |
AHQPP5348H |
|
DIN No.: |
00047613 |
|
|
|
|
Name : |
Mrs. Padmavathi Pinninti |
|
Designation : |
Director |
|
Address : |
D.No. 4-4-173/2, Plot. No - C, 7/2, Chandramouli Nagar, Guntur - 522007, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.07.1970 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
15.06.2005 |
|
PAN No.: |
AJAPP2354D |
|
DIN No.: |
00047692 |
|
|
|
|
Name : |
Mr. Veeraiah Vasireddy |
|
Designation : |
Director |
|
Address : |
D.No.3-28-18/145, 3rd Line, Rajendra Nagar, Guntur - 522007, Andhra Pradesh, India |
|
Date of Birth/Age : |
28.02.1950 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
23.04.2007 |
|
DIN No.: |
01457899 |
|
|
|
|
Name : |
Mr. Allu Venkateswara Reddy |
|
Designation : |
Additional director |
|
Address : |
H.No.5-4-107/108, F.No.502, Cyber View Apartment, Behind BJP Office, Kukatpally, Hyderabad - 500072, Telangana, India |
|
Date of Appointment : |
16.02.2015 |
|
DIN No.: |
07096741 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 29.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cotton Yarn. (Indirect Sources) |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
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|
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Exports : |
-- |
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|
|
|
Imports : |
-- |
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|
|
|
Terms : |
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Selling : |
-- |
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|
|
|
Purchasing : |
-- |
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 : |
· State Bank of India Industrial Finance Branch, Raj Bhavan Road, Somajiguda, Hyderabad - 500082, Andhra Pradesh, India |
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Facilities : |
-- |
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Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
Pvm Ra o and Associates Chartered Accountants |
|
Address : |
12/1, Arundelpet, Andhra Pradesh, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAHFP5620Q |
|
|
|
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Memberships : |
-- |
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|
|
|
Collaborators : |
-- |
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|
|
|
Enterprises which are owned, or have
significant influence of or are partners with Key management personnel and their
relatives: |
· Maheswari Cotton Traders · Sri Chinmaya Trading Company · Anusha Cotton Traders ·
Gokul Cotton Traders |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,200,000 |
Equity Shares |
Rs. 100/- each |
Rs. 120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,109,000 |
Equity Shares |
Rs. 100/- each |
Rs. 110.900
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 |
110.900 |
103.400 |
103.400 |
|
(b) Reserves & Surplus |
100.918 |
56.584 |
27.447 |
|
(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) |
211.818 |
159.984 |
130.847 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
130.235 |
123.883 |
124.071 |
|
(b) Deferred tax liabilities (Net) |
31.968 |
29.354 |
27.843 |
|
(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) |
162.203 |
153.237 |
151.914 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
171.383 |
128.613 |
128.211 |
|
(b)
Trade payables |
40.083 |
17.167 |
23.495 |
|
(c)
Other current liabilities |
36.971 |
31.411 |
27.387 |
|
(d)
Short-term provisions |
10.424 |
1.548 |
0.357 |
|
Total
Current Liabilities (4) |
258.861 |
178.739 |
179.450 |
|
|
|
|
|
|
TOTAL |
632.882 |
491.960 |
462.211 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
259.998 |
236.641 |
247.051 |
|
(ii)
Intangible Assets |
0.034 |
0.042 |
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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
12.957 |
8.515 |
4.710 |
|
(e)
Other Non-current assets |
13.537 |
15.775 |
0.295 |
|
Total
Non-Current Assets |
286.526 |
260.973 |
252.056 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
251.905 |
137.806 |
145.067 |
|
(c)
Trade receivables |
28.546 |
53.417 |
38.561 |
|
(d)
Cash and cash equivalents |
2.180 |
2.339 |
3.268 |
|
(e)
Short-term loans and advances |
1.260 |
2.085 |
1.472 |
|
(f)
Other current assets |
62.465 |
35.340 |
21.787 |
|
Total
Current Assets |
346.356 |
230.987 |
210.155 |
|
|
|
|
|
|
TOTAL |
632.882 |
491.960 |
462.211 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
706.581 |
556.603 |
430.659 |
|
|
|
Other Income |
0.835 |
1.481 |
1.445 |
|
|
|
TOTAL (A) |
707.416 |
558.084 |
432.104 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
500.227 |
362.011 |
292.630 |
|
|
|
Purchases of Stock-in-Trade |
2.901 |
7.183 |
1.800 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(7.782) |
6.213 |
13.546 |
|
|
|
Employees benefits expense |
31.153 |
27.929 |
24.260 |
|
|
|
Other expenses |
83.500 |
88.060 |
49.201 |
|
|
|
TOTAL (B) |
609.999 |
491.396 |
381.437 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
97.417 |
66.688 |
50.667 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
31.590 |
35.044 |
36.945 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
65.827 |
31.644 |
13.722 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
13.728 |
13.023 |
11.127 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
52.099 |
18.621 |
2.595 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
15.264 |
1.511 |
5.151 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
36.835 |
17.110 |
(2.556) |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
33.21 |
16.54 |
(2.47) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
25.665 |
24.000 |
23.600 |
|
|
|
|
|
|
Cash Generated from Operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash Flow from used in Operations |
4.457 |
17.728 |
43.109 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
5.21 |
3.07 |
-0.59 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
13.79 |
11.98 |
11.76 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.23 |
3.79 |
0.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.25 |
0.12 |
0.02 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.55 |
1.73 |
2.11 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.34 |
1.29 |
1.17 |
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 |
103.400 |
103.400 |
110.900 |
|
Reserves & Surplus |
27.447 |
56.584 |
100.918 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
130.847 |
159.984 |
211.818 |
|
|
|
|
|
|
Long-term borrowings |
124.071 |
123.883 |
130.235 |
|
Short term borrowings |
128.211 |
128.613 |
171.383 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
23.600 |
24.000 |
25.665 |
|
Total
borrowings |
275.882 |
276.496 |
327.283 |
|
Debt/Equity
ratio |
2.108 |
1.728 |
1.545 |
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) |
|
Sales |
430.659 |
556.603 |
706.581 |
|
|
|
29.244 |
26.945 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
430.659 |
556.603 |
706.581 |
|
Profit |
(2.556) |
17.110 |
36.835 |
|
|
(0.59%) |
3.07% |
5.21% |
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 |
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 |
No |
|
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 |
Yes |
|
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 |
90263066 |
29/09/2014
* |
468,900,000.00 |
STATE
BANK OF INDIA |
SPECIALISED
MID CORPORATE BRANCH, RAMAVARAPPADU |
C30314462 |
* Date of charge modification
CHANGE OF ADDRESS:
The Registered Office of the Company has been shifted from D. No.
3-29-14/6, Upslains, 7th Lane, Krishna Nagar, Guntur - 522006,
Andhra Pradesh, India to the present address w.e.f. 31.03.2006.
FINANCIAL RESULTS
The Sales of the company for the period under review increased to Rs. 707.416 million as compared to Rs. 558.084 million registering a growth of 2.670 million percent on annualized basis. The profit before taxation of the company is Rs. 52.099 million as against of Rs. 18.620 million compared with previous financial year. The net profit after tax is Rs. 36.835 million as against the profit of the previous financial year of Rs. 17.110 million. The Directors of the company are of the view that the performance or the company would further improve in the next financial year.
FIXED ASSETS
·
Land
·
Buildings
·
Plant and equipment
·
Furniture and fixtures
·
Vehicles
·
Office equipment
·
Computer equipment’s
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.98.30 |
|
Euro |
1 |
Rs.72.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ARC |
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 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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.