MIRA INFORM REPORT
|
Report No. : |
357627 |
|
Report Date : |
31.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
K RASIKLAL EXIM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Rawal Chambers, 339/341, Samual Street, 2nd Floor, Mumbai –
400003, Maharashtra |
|
Tel. No.: |
91-22-66313200 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
11.09.2000 |
|
|
|
|
Com. Reg. No.: |
11-128614 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.43.050 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51900MH2000PTC128614 |
|
|
|
|
IEC No.: |
0301002622 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCK4895P |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is primarily engaged in business of trading and importing of
Chemicals. (Registered Activity) |
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|
|
|
No. of Employees
: |
12 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 260000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Management has failed to file its financials with the government
department for the year 2015. For the financial year ended 2014, the company has shown downtrend in
its operational activity. However, it has maintained its revenue and
profitability margin of 1.2%. The company has healthy financial base, comfortable capital structure,
adequate net worth position and favorable gap between trade payables and
receivables. Trade relations are fair. Business is active. Payments are slow but
correct. 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 |
ICRA |
|
Rating |
Long Term Scale (Suspended) : BB+ |
|
Rating Explanation |
Inadequate-credit-quality and high credit risk. |
|
Date |
October 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non - Fund based limit (Suspended) : A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
October 2015 |
Reason for suspension: Absence of requisite information.
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. Chintan Gandhi |
|
Designation : |
Commercial Manager |
|
Contact No.: |
91-22-66313200 |
|
Date : |
30.12.2015 |
LOCATIONS
|
Registered Office : |
Rawal Chambers, 339/341, Samual Street, 2nd Floor, Mumbai –
400003, Maharashtra, India |
|
Tel. No.: |
91-22-66313200 / 66313221 / 23433013/15/ 67415040 |
|
Fax No.: |
91-22-67415049/ 3444717 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
200 Sq. Ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Head Office / Corporate Office : |
509, Atlantic Commercial Tower, Above HDFC Mutual Fund, R. B. Mehta Marg, Ghatkopar (East) Mumbai – 400077, Maharashtra, India |
|
Tel. No.: |
91-22-67415040 (9 Lines) |
|
Fax No.: |
91-22-67415049 |
|
Area : |
2000 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Rasiklal maganlal shah |
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|
Designation : |
Director |
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|
Address : |
12, Neelkanth Darshan, 60 Feet Road, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
04.06.1933 |
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|
Date of Appointment : |
11.09.2000 |
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DIN No.: |
01879223 |
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|
Other Directorship
:
|
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|
|||||||||||||||||||||||||||
|
Name : |
Mr. Atul Rasiklal Shah |
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|
Designation : |
Director |
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|
Address : |
9, Neelkanth Darshan, 60 Feet Road, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.07.1962 |
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|
Date of Appointment : |
11.09.2000 |
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|
DIN No.: |
01879255 |
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|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Yogesh rasiklal shah |
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|
Designation : |
Director |
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|
Address : |
9, Neelkanth Darshan, 60 Feet Road, Ghatkopar (East), Mumbai - 400077, Maharashtra, India |
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Date of Birth/Age : |
08.04.1966 |
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Date of Appointment : |
04.11.2000 |
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DIN No.: |
01879245 |
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KEY EXECUTIVES
|
Name : |
Mr. Chintan Gandhi |
|
Designation : |
Commercial Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Alpa Shah |
|
585200 |
|
Sharda R. Shah |
|
402500 |
|
Sejal A. Shah |
|
445200 |
|
Rasiklal Shah |
|
1 |
|
Atul Shah |
|
910630 |
|
Yogesh Shah |
|
630700 |
|
Saroj Shah |
|
7 |
|
Rasiklal M Shah (HUF) |
|
56 |
|
Atul R. Shah (HUF) |
|
420007 |
|
Yogesh R. Shah (HUF) |
|
210007 |
|
Niru Kamdar |
|
7 |
|
Neeta Kamdar |
|
7 |
|
Soham Shah |
|
350339 |
|
Sagar Shah |
|
350339 |
|
Total |
|
4305000 |
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 : |
Subject is primarily engaged in business of trading and importing of
Chemicals. |
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|
|
|
Products : |
Chemicals |
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|
|
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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 : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
L/C, Cheque and Credit (30 Days) |
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|
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Purchasing : |
L/C, Cheque and Credit (30 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers, End Users and OEMs
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No. of Employees : |
12 (Approximately) |
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Bankers : |
|
|
Auditors : |
|
|
Name : |
B Y and Associates Chartered Accountants |
|
Address : |
510-513, Apeejay House, 130, Mumbai Samachar Marg, Fort, Mumbai –
400001, Maharashtra, India |
|
Tel No.: |
91-22-43215014 |
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Fax No.: |
91-22-43215014 |
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Email: |
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PAN No.: |
AAFFB0462N |
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|
|
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Memberships : |
Not Available |
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|
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Collaborators : |
Not Available |
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Proprietary concern of director : |
K. Rasiklal and Company |
|
|
|
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Associates Concern : |
GSL Finance Limited |
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|
|
|
Associates Concern / Firms: |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,500,000 |
Equity Shares |
Rs.10/- each |
Rs.45.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,305,000 |
Equity Shares |
Rs.10/- each |
Rs.43.050 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 |
43.050 |
43.050 |
43.050 |
|
(b) Reserves &
Surplus |
47.047 |
41.910 |
36.005 |
|
(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) |
90.097 |
84.960 |
79.055 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
30.613 |
36.059 |
34.726 |
|
(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) |
30.613 |
36.059 |
34.726 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2.231 |
0.000 |
0.096 |
|
(b) Trade payables |
66.125 |
100.792 |
105.205 |
|
(c) Other current
liabilities |
1.406 |
1.673 |
2.081 |
|
(d) Short-term provisions |
14.200 |
11.700 |
8.900 |
|
Total Current Liabilities
(4) |
83.962 |
114.165 |
116.282 |
|
|
|
|
|
|
TOTAL |
204.672 |
235.184 |
230.063 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
0.864 |
1.067 |
1.345 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.067 |
0.123 |
0.113 |
|
(d) Long-term Loan and Advances |
0.303 |
0.303 |
0.303 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
1.234 |
1.493 |
1.761 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
59.609 |
80.066 |
51.744 |
|
(c) Trade receivables |
110.334 |
119.756 |
147.877 |
|
(d) Cash and cash
equivalents |
20.020 |
19.888 |
11.945 |
|
(e) Short-term loans and
advances |
13.475 |
13.981 |
9.415 |
|
(f) Other current assets |
0.000 |
0.000 |
7.321 |
|
Total Current Assets |
203.438 |
233.691 |
228.302 |
|
|
|
|
|
|
TOTAL |
204.672 |
235.184 |
230.063 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Gross Income |
398.239 |
527.990 |
557.924 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
5.137 |
5.905 |
6.533 |
|
|
|
|
|
|
|
|
CIF VALUE OF IMPORTS |
211.298 |
365.264 |
384.259 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.19 |
1.37 |
1.52 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
550.000 |
|
|
|
|
|
Expected Sales (2015-16): Rs. 650.000 Million
The above information has been parted by Mr. Chintan Gandhi (Commercial Manager).
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 |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Gross Income) |
(%) |
1.29 |
1.12 |
1.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.36 |
0.42 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.42 |
2.05 |
1.96 |
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 |
43.050 |
43.050 |
43.050 |
|
Reserves & Surplus |
36.005 |
41.910 |
47.047 |
|
Net worth |
79.055 |
84.960 |
90.097 |
|
|
|
|
|
|
long-term borrowings |
34.726 |
36.059 |
30.613 |
|
Short term borrowings |
0.096 |
0.000 |
2.231 |
|
Total borrowings |
34.822 |
36.059 |
32.844 |
|
Debt/Equity ratio |
0.440 |
0.424 |
0.365 |
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) |
|
Gross Income |
557.924 |
527.990 |
398.239 |
|
|
|
(5.365) |
(24.575) |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Gross Income |
557.924 |
527.990 |
398.239 |
|
Profit |
6.533 |
5.905 |
5.137 |
|
|
1.17% |
1.12% |
1.29% |
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 |
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 |
Yes |
|
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 |
UNSECURED LOAN
|
Unsecured Loan |
Rs.
In Million 31.03.2014 |
Rs.
In Million 31.03.2013 |
|
Long Term
Borrowings |
|
|
|
Loans from
directors / shareholders |
|
|
|
Alpa Y Shah |
0.872 |
0.867 |
|
Atul R Shah HUF |
0.581 |
0.630 |
|
Atul Shah |
7.288 |
7.958 |
|
Daksha V Shah |
0.817 |
0.813 |
|
Dhirajlal P Shah |
2.154 |
1.883 |
|
GSL Finance Limited |
0.000 |
14.012 |
|
Kinneri Enterprise |
0.982 |
0.980 |
|
Neeta N Kamdar |
0.347 |
0.345 |
|
Niru I Kamdar |
0.289 |
0.288 |
|
Paresh Dye Chem |
0.991 |
0.551 |
|
Ramila K Shah |
0.859 |
0.868 |
|
Rasiklal M Shah |
0.013 |
0.445 |
|
Sejala A Shah |
1.365 |
2.475 |
|
Shah Dyechem Corporation |
0.865 |
0.863 |
|
Sharda R Shah |
0.014 |
0.495 |
|
Soham Y Shah |
6.299 |
0.681 |
|
Yogesh R Shah |
1.383 |
1.905 |
|
Sagar A Shah |
5.494 |
0.000 |
|
Short Term
Borrowings |
|
|
|
Union Bank of India – Overdraft |
2.231 |
0.000 |
|
TOTAL |
32.844 |
36.059 |
FINANCIAL HIGHLIGHTS:
The performance of the Company was satisfactory. The Company has earned gross income of Rs. 398.239 Million for the year. Net profit after tax earned by Company during the year is Rs. 5.137 Million.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90143659 |
11/01/2011 * |
180,000,000.00 |
UNION BANK OF INDIA |
KHAND BAZAR BRANCH, 109, KAZI SAYED STREET, KHAND BAZAR, MUMBAI - 400003, MAHARASHTRA, INDIA |
B04737953 |
* Date of charge modification
FIXED ASSETS
- Computer
- Motor Car
- Air Conditioner
- Printer
- Mobile
- Fax Machine
- Furniture
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.66.42 |
|
|
1 |
Rs.98.55 |
|
Euro |
1 |
Rs.72.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVD |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
|
43 |
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.