MIRA INFORM REPORT
|
Report No. : |
306089 |
|
Report Date : |
04.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
CIGFIL LIMITED |
|
|
|
|
Registered
Office : |
No.37, Armenian Street, Chennai – 600001, Tamilnadu |
|
|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
03.08.1970 |
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|
|
|
Com. Reg. No.: |
18-005883 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.1.422
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U16000TN1970PLC005883 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEC00079C |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACC3120C |
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|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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|
|
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Line of Business
: |
Manufacturer of Cigarette Filter. |
|
|
|
|
No. of Employees
: |
Information declined by the management. |
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 408000 |
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|
|
|
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 having satisfactory track record. Management of the company has not filed its latest financial i.e. 2014
with the government department. As per the available financial of 2013, there seems a sharp dip in the
profit of the company however, general financial position of the company is
normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow correct. 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Mr. D. Ravindran |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9341254971 |
|
Date : |
02.02.2015 |
LOCATIONS
|
Registered Office : |
No.37, Armenian Street, Chennai – 600001, Tamilnadu, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9341254971 (Mr. D. Ravindran) 91-7760969487 (Mr. Vaideshwaran) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate
Office : |
#70, Tumkur Road, Yeshwanthpur, Bangalore - 560022, Karnataka, India |
|
Tel. No.: |
91-80-23370443/ 23370452/ 23375678 |
|
Fax No.: |
91-80-23377981 |
DIRECTORS
AS ON: 26.09.2013
|
Name : |
Mr. Subbiachettiar Thangavel |
|
Designation : |
Director |
|
Address : |
11 Pullimandapam Road, Ammamandadam Extn, Srirangam, Trichy – 620006, Tamilnadu, India |
|
Date of Birth : |
22.11.1931 |
|
Date of Appointment : |
10.06.1988 |
|
DIN No.: |
00870483 |
|
|
|
|
Name : |
Mr. Kadirvel Subbiah Chettiar |
|
Designation : |
Director |
|
Address : |
47, Nowraji Street, Chetpet, Chennai – 600031, Tamilnadu, India |
|
Date of Birth/Age : |
21.07.1935 |
|
Date of Appointment : |
28.06.1988 |
|
DIN No.: |
00700675 |
|
|
|
|
Name : |
Mr. Ramaswamy Marimuthu Shanmukham |
|
Designation : |
Director |
|
Address : |
89, Grey Town Coimbatore 641018, Tamilnadu, India |
|
Date of Birth : |
18.08.1932 |
|
Date of Appointment : |
28.061988 |
|
DIN No.: |
00700432 |
|
|
|
|
Name : |
Mr. Panchapakesan Malathi |
|
Designation : |
Director |
|
Address : |
182 I Main, Mahalakshmi Layour, Bangalore – 560086, Karnataka, India |
|
Date of Birth/Age : |
21.04.1953 |
|
Date of Appointment : |
15.07.2010 |
|
PAN No.: |
AFCPP7829M |
|
DIN No.: |
02005363 |
|
|
|
|
Name : |
Mr. Ramanathan Panchapakesan |
|
Designation : |
Managing Director |
|
Address : |
No. 182, 1st Main Mahalakshmi Layout, |
|
Date of Birth : |
16.10.1952 |
|
Date of Appointment : |
28.10.2010 |
|
PAN No.: |
ABUPP5489P |
|
DIN No.: |
00515881 |
KEY EXECUTIVES
|
Name : |
Mr. D. Ravindran |
|
Designation : |
Accounts Manager |
|
|
|
|
Name : |
Mr. Vaideshwaran |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 26.09.2013
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON: 26.09.2013
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
88.00 |
|
Others |
|
12.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cigarette Filter. |
|
|
|
|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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|
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Exports : |
Not Divulged |
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|
|
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Imports : |
Not Divulged |
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|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Supplier : |
Not Divulged |
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Customer : |
Not Divulged |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
State Bank of Mysore, Corporate Accounts Branch, No.18,
Midford Gardens, Ramanashree Arcade, M.G. Road, Bangalore - 560001,
Karnataka, India |
||||||||||||||||||||||||
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|
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Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
N. Naresh Chartered Accountant |
|
Address : |
1113, 10th D, Cross, 11th Main Mahalakshimipuram,
|
|
PAN.: |
ABEPN1476C |
CAPITAL STRUCTURE
AS ON: 26.09.2013
Authorised Capital : Rs.50.000 Millions
Issued, Subscribed & Paid-up Capital : Rs.49.770 Millions
AS ON: 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/- each |
Rs.2.500 Millions |
|
|
|
|
|
Issued Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
15064 |
Equity Shares |
Rs.100/- each |
Rs.1.506 Millions |
|
|
|
|
|
Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
14220 |
Equity Shares |
Rs.100/- each |
Rs.1.422 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
1.422 |
1.422 |
1.422 |
|
(b) Reserves & Surplus |
141.082 |
137.333 |
126.234 |
|
(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) |
142.504 |
138.755 |
127.656 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
158.946 |
116.909 |
114.348 |
|
(b) Deferred tax liabilities
(Net) |
1.107 |
3.136 |
3.051 |
|
(c) Other long term
liabilities |
37.760 |
46.726 |
15.850 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
197.813 |
166.771 |
133.249 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
201.811 |
170.834 |
161.134 |
|
(b) Trade payables |
148.785 |
173.820 |
174.216 |
|
(c) Other current liabilities |
31.354 |
36.349 |
27.811 |
|
(d) Short-term provisions |
1.287 |
0.892 |
0.477 |
|
Total
Current Liabilities (4) |
383.237 |
381.895 |
363.638 |
|
|
|
|
|
|
TOTAL |
723.554 |
687.421 |
624.543 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
191.213 |
209.450 |
192.951 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
41.273 |
22.510 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.210 |
0.210 |
0.210 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.979 |
3.979 |
3.979 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
236.675 |
236.149 |
197.140 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
246.507 |
201.342 |
155.569 |
|
(c) Trade receivables |
193.162 |
216.824 |
196.427 |
|
(d) Cash and cash equivalents |
4.488 |
3.453 |
9.626 |
|
(e) Short-term loans and
advances |
42.722 |
29.653 |
65.781 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
486.879 |
451.272 |
427.403 |
|
|
|
|
|
|
TOTAL |
723.554 |
687.421 |
624.543 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
991.841 |
974.171 |
777.843 |
|
|
Other Income |
0.451 |
0.494 |
0.246 |
|
|
TOTAL
(A) |
992.292 |
974.665 |
778.089 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
655.408 |
658.652 |
451.354 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(25.809) |
(39.993) |
(4.854) |
|
|
Employees benefits expense |
103.198 |
95.638 |
113.082 |
|
|
Other expenses |
175.114 |
193.976 |
153.493 |
|
|
Exceptional Items |
0.000 |
(13.444) |
(4.756) |
|
|
TOTAL
(B) |
907.911 |
894.829 |
708.319 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION
AND AMORTISATION (C) |
84.381 |
79.836 |
69.770 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
54.802 |
41.828 |
34.997 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
29.579 |
38.008 |
34.773 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
24.084 |
22.043 |
22.100 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
5.495 |
15.965 |
12.673 |
|
|
|
|
|
|
|
Less |
TAX
(H) |
1.747 |
4.867 |
4.038 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H)
(I) |
3.748 |
11.098 |
8.635 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
32.287 |
29.831 |
246.370 |
|
|
TOTAL
EARNINGS |
32.287 |
29.831 |
246.370 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
45.306 |
42.700 |
NA |
|
|
TOTAL
IMPORTS |
45.306 |
42.700 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
780.48 |
607.22 |
607.24 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
0.38 |
1.14 |
1.11 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.55 |
1.64 |
1.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.81 |
2.40 |
2.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.12 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.53 |
2.07 |
2.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.27 |
1.18 |
1.18 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
1.422 |
1.422 |
1.422 |
|
Reserves & Surplus |
126.234 |
137.333 |
141.082 |
|
Net
worth |
127.656 |
138.755 |
142.504 |
|
|
|
|
|
|
long-term borrowings |
114.348 |
116.909 |
158.946 |
|
Short term borrowings |
161.134 |
170.834 |
201.811 |
|
Total
borrowings |
275.482 |
287.743 |
360.757 |
|
Debt/Equity
ratio |
2.158 |
2.074 |
2.532 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
777.843 |
974.171 |
991.841 |
|
|
|
25.240 |
1.814 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
777.843 |
974.171 |
991.841 |
|
Profit |
8.635 |
11.098 |
3.748 |
|
|
1.11% |
1.14% |
0.38% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report
(Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
-- |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2013 |
As on 31.03.2012 |
|
LONG-TERM
BORROWINGS |
|
|
|
Term loans from banks |
133.165 |
85.523 |
|
|
|
|
|
Total |
133.165 |
85.523
|
Future Prospects:
While the packaging industry has been growing at an annual rate of 15% in India and is expected to double in the next two years, the demand for polypropylene tape products (polywoven sacks, FIBC, geotextiles etc.) is expected to increase at a Compounded Annual Growth Rate of 10%. Of this, FIBC consumption is set to grow three fold, as it offers substantial supply chain efficiency.
They anticipate increase in export opportunities for cigarette filter rods on account of well acceptance of your company’s products.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90306811 |
27/03/2013 * |
752,500,000.00 |
STATE BANK OF MYSORE |
CORPORATE ACCOUNTS
BRANCH, NO. 18, MIDFORD GARDENS |
B74135013 |
|
2 |
90288165 |
30/05/2005 |
20,000,000.00 |
STATE BANK OF MYSORE |
INDUSTRIAL FINANCE
BRANCH, OFF. M.G. ROAD, BANGLO |
- |
|
3 |
90296416 |
18/03/1998 |
560,000.00 |
STATE BANK OF MYSORE |
I. F. BRANCH,
RAMANASHREE ARCADE; MIDFORD GARDEN |
- |
|
4 |
90296408 |
23/03/2000 * |
19,000,000.00 |
STATE BANK OF MYSORE |
I. F. BRANCH, RAMANASHREE
ARCADE; 1DIDFORD GARDEN |
- |
|
5 |
90296353 |
12/08/1996 |
37,000,000.00 |
STATE BANK OF MYSORE |
INDL. FINANCE
BRANCH, BANGALORE, KARNATAKA - 56000 |
- |
|
6 |
90287363 |
04/03/2005 * |
17,500,000.00 |
STATE BANK OF MYSORE |
INDUSTRIAL FINANCE
BRANCH M.G. ROAD, BANGALORE, K |
- |
|
7 |
90296288 |
08/01/1998 * |
50,000,000.00 |
STATE BANK OF MYSORE |
INDL. FINANCE
BRANCH, RAMANASHREE ARCADE; MIDFORD |
- |
|
8 |
90296946 |
06/08/1998 * |
57,500,000.00 |
STATE BANK OF MYSORE |
INDL FINANCE
BRANCH, M. G. ROAD, BANGALORE, KARNA |
- |
|
9 |
90288850 |
02/05/2008 * |
162,500,000.00 |
STATE BANK OF MYSORE |
INDUSTRIAL FINANCE
BRANCH, RAMANASHREE ARCHADE, M |
A38438255 |
|
10 |
90296243 |
08/04/1999 * |
7,500,000.00 |
STATE BANK OF MYSORE |
I. F. BRANCH, M. G.
ROAD, BANGALORE, KARNATAKA - |
- |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office 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.61.74 |
|
|
1 |
Rs.92.71 |
|
Euro |
1 |
Rs.69.94 |
INFORMATION DETAILS
|
Information
Gathered by : |
HNA |
|
|
|
|
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 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--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.