MIRA INFORM REPORT
|
Report No. : |
357380 |
|
Report Date : |
31.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BOMBAY AMPOULES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. A-327, Road No 25, Wagle Industrial Estate, Thane (West), Mumbai
– 400604, Maharashtra |
|
Tel. No.: |
91-22-28329822 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
22.02.1982 |
|
|
|
|
Com. Reg. No.: |
11-026406 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 1.900 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U26109MH1982PTC026406 |
|
|
|
|
IEC No.: |
0388070331 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB4297K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Ampoules and Vials. (Confirmed by management) |
|
|
|
|
No. of Employees
: |
7 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was established in the year 1982 and it is engaged in trading
and importing of ampoules and vials. For the financial year ended 2015, the company possesses moderate operational
performance and it has reported loss during the year under review. Rating remain constrained on account of company’s moderate scale of
business operations marked by average financial profile along with modest
networth base above average debt coverage indicators. Rating further constrained by trading nature of business operations
and susceptibility to fluctuation in raw material prices imparting volatility
to profitability. However, rating weakness is partially offset by company’s established
track record of business operations and promoters extensive industry
experience in trading business. Trade relations are reported as fair. Payments terms are 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.
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. Sunil |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-7666281928 |
|
Date : |
29.12.2015 |
LOCATIONS
|
Registered Office : |
Plot No. A-327, Road No 25, Wagle Industrial Estate, Thane (West),
Mumbai – 400604, Maharashtra, India |
|
Tel. No.: |
91-22-28329822 |
|
Mobile No.: |
91-7666281928 (Mr. Sunil) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office : |
Andheri (East), Mumbai, Maharashtra, India |
|
|
|
|
Warehouse : |
S-19, Jai Mata Di, Compound, Kalher Village, Bhiwandi, Thane – 421302,
Maharashtra, India |
DIRECTORS
As on 31.03.2015
|
Name : |
Mrs. Rina Suresh Deora |
|
Designation : |
Director |
|
Address : |
17, Fairfield, 4th Road, Near K.C. College,
Churchgate, Mumbai – 400020,
Maharashtra, India |
|
Date of Birth/Age : |
12.09.1966 |
|
Date of Appointment : |
17.04.2006 |
|
DIN No.: |
00774812 |
|
|
|
|
Name : |
Mr. Suresh Mahabirprasad Deora |
|
Designation : |
Director |
|
Address : |
Sethna House, 2nd Floor, 13, Laburnum Road,, Near Mani Bhavan, Gamdevi, Mumbai – 400007, Maharashtra, India |
|
Date of Birth/Age : |
26.11.1960 |
|
Date of Appointment : |
26.06.1993 |
|
DIN No.: |
00914688 |
|
|
|
|
Name : |
Mr. Mahabiraprasad Sitaramji Deora |
|
Designation : |
Director |
|
Address : |
17, Fairfield, 4th Road, Near K.C. College,
Churchgate, Mumbai – 400020,
Maharashtra, India |
|
Date of Birth/Age : |
24.09.1934 |
|
Date of Appointment : |
22.02.1982 |
|
DIN No.: |
01073326 |
KEY EXECUTIVES
|
Name : |
Mr. Sunil |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 31.03.2015
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Suresh Mahabirprasad Deora |
7020 |
36.95 |
|
Rina Suresh Deora |
8080 |
42.52 |
|
Mahabirprasad Deora |
3800 |
20.00 |
|
C. Sales Corporation, India |
100 |
0.53 |
|
Total |
19000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.47 |
|
Other top fifty shareholders |
0.53 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Ampoules and Vials. (Confirmed by management) |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
·
Ampoules ·
Vials |
|
Countries : |
·
China ·
France |
|
|
|
|
Terms : |
|
|
Selling : |
Cash , L/C, Cheque, Credit (30/60 Days) |
|
|
|
|
Purchasing : |
Cash , L/C, Cheque, Credit (30/60 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Retailers, End Users
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
7 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
M. L. bhuwania and Company Chartered Accountants |
|
Address : |
F-11, 3rd Floor , Manek Mahal, 90, Veer Nariman Road, Churchgate,
Mumbai – 400020, Maharashtra, India |
|
Tel. No.: |
91-22-61174949 |
|
Fax No.: |
91-22-61174950 |
|
E-Mail : |
|
|
Website: |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAIPB2116G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 30.09.2015
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20,000 |
Equity Shares |
Rs.100/- each |
Rs. 2.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19,000 |
Equity Shares |
Rs.100/- each |
Rs. 1.900
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 |
1.900 |
1.900 |
1.900 |
|
(b) Reserves & Surplus |
11.535 |
12.189 |
10.197 |
|
(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) |
13.435 |
14.089 |
12.097 |
|
|
|
|
|
|
(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 |
0.900 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.900 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.194 |
|
(b) Trade
payables |
10.557 |
0.355 |
0.125 |
|
(c) Other
current liabilities |
0.800 |
1.116 |
1.149 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
11.357 |
1.471 |
1.468 |
|
|
|
|
|
|
TOTAL |
25.692 |
15.560 |
13.565 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
0.240 |
0.353 |
0.411 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
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 |
0.294 |
0.294 |
3.054 |
|
(c) Deferred tax assets (net) |
0.050 |
0.028 |
0.037 |
|
(d) Long-term Loan and Advances |
0.721 |
0.389 |
0.216 |
|
(e) Other
Non-current assets |
1.500 |
3.100 |
0.000 |
|
Total Non-Current
Assets |
2.805 |
4.164 |
3.718 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
4.527 |
1.241 |
1.405 |
|
(c) Trade
receivables |
4.703 |
2.121 |
2.205 |
|
(d) Cash
and cash equivalents |
11.619 |
6.521 |
4.329 |
|
(e) Short-term
loans and advances |
0.791 |
0.506 |
1.514 |
|
(f) Other
current assets |
1.247 |
1.007 |
0.394 |
|
Total
Current Assets |
22.887 |
11.396 |
9.847 |
|
|
|
|
|
|
TOTAL |
25.692 |
15.560 |
13.565 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
21.218 |
2.110 |
5.739 |
|
|
|
Other Income |
1.829 |
5.318 |
4.623 |
|
|
|
TOTAL (A) |
23.047 |
7.428 |
10.362 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
22.130 |
2.301 |
3.653 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(3.286) |
(0.342) |
1.330 |
|
|
|
Employees benefits expense |
0.974 |
1.154 |
1.226 |
|
|
|
Other expenses |
3.694 |
1.854 |
1.600 |
|
|
|
TOTAL (B) |
23.512 |
4.967 |
7.809 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
(0.465) |
2.461 |
2.553 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION
(C-D) (E) |
(0.465) |
2.461 |
2.553 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
0.115 |
0.076 |
0.120 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
(0.580) |
2.385 |
2.433 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.057 |
0.392 |
0.431 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(0.637) |
1.993 |
2.002 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
(33.53) |
104.88 |
105.35 |
|
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 operating Activities |
2.962 |
NA |
NA |
|
Net cash flows from (used in) operation |
2.599 |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(3.00) |
94.45 |
34.88 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(2.190 |
116.64 |
44.49 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.29) |
15.65 |
23.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.04) |
0.17 |
0.20 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.00 |
0.02 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.02 |
7.75 |
6.71 |
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 |
1.900 |
1.900 |
1.900 |
|
Reserves & Surplus |
10.197 |
12.189 |
11.535 |
|
Net worth |
12.097 |
14.089 |
13.435 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
0.194 |
0.000 |
0.000 |
|
Total
borrowings |
0.194 |
0.000 |
0.000 |
|
Debt/Equity
ratio |
0.016 |
0.000 |
0.000 |
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 |
5.739 |
2.110 |
21.218 |
|
|
|
(63.234) |
905.592 |
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 |
5.739 |
2.110 |
21.218 |
|
Profit/ (Loss) |
2.002 |
1.993 |
(0.637) |
|
|
34.88% |
94.45% |
(3.00%) |
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 |
Yes |
|
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 |
No |
|
18] |
Major suppliers |
No |
|
19] |
Major customers |
No |
|
20] |
Banking Details |
Yes |
|
21] |
Banking facility details |
No |
|
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 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10094738 |
29/02/2008 |
1,800,000.00 |
BANK OF BARODA |
SIR. P. M. ROAD, LAXMI BUILDING, FORT, MUMBAI, Maharashtra -
400001, INDIA |
A35041045 |
|
2 |
90187737 |
22/01/1997 |
312,000.00 |
BANK OF BARODA |
SIR P.M. ROAD, BOMBAY, Maharashtra, INDIA |
- |
|
3 |
90187728 |
16/10/1999 * |
3,103,000.00 |
BANK OF BARODA |
SIR P.M. ROAD, BOMBAY, Maharashtra, INDIA |
- |
|
4 |
90187559 |
03/06/1983 * |
200,000.00 |
BANK OF BARODA |
SIR P.M. ROAD, BOMBAY, Maharashtra, INDIA |
- |
|
5 |
90187422 |
16/11/1987 |
750,000.00 |
BANK OF BARODA |
SIR P.M. ROAD, BOMBAY, Maharashtra, INDIA |
- |
|
6 |
90187327 |
09/07/1985 |
2,997,000.00 |
BANK OF BARODA |
SIR P.M. ROAD, BOMBAY, Maharashtra, INDIA |
- |
|
7 |
90187232 |
19/03/1990 * |
250,000.00 |
BANK OF BARODA |
SIR P.M. ROAD, BOMBAY, Maharashtra, INDIA |
- |
|
8 |
90187227 |
19/03/1990 * |
1,040,000.00 |
BANK OF BARODA |
SIR P.M. ROAD, BOMBAY, Maharashtra, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Leasehold Land
- Factory Building
- Plant and Machinery
- Office Equipment
- Air Conditioner
- Vehicle
- Computer
- Laboratory Equipment
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.98.55 |
|
Euro |
1 |
Rs.72.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.