MIRA INFORM REPORT
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Report No. : |
306581 |
|
Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHREE RADHE HYGIENE PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
Gat No. 249/ 2A,
Chakan - Talegaon Road, Kharabwadi, Khed, Pune – 410501, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
24.08.2011 |
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Com. Reg. No.: |
25-140565 |
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Capital Investment
/ Paid-up Capital : |
Rs. 6.000 Millions |
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CIN No.: [Company Identification
No.] |
U24240PN2011PTC140565 |
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IEC No.: |
3111017711 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AAQCS3685Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer,
Exporter and Importer of High Class Sanitary Napkins, Baby Diapers, Adult
Diapers, Underpads, etc. |
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No. of Employees
: |
120 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 moderate track record. The management has failed to file its financial with government
department for the year 2014. As per available financial of 2013, the company has taken huge
external borrowing, which acts as threatening to the liquidity position of
the company. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. 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
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 PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Vinod |
|
Designation : |
Manager |
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Contact No.: |
91-9970034343 |
|
Date : |
04.02.2015 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Gat No. 249/ 2A,
Chakan – Talegaon Road, Kharabwadi, Khed, Pune – 410501, Maharashtra, India |
|
Tel. No.: |
91-2135-610601-02/ 05 |
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Mobile No.: |
91-9970034343/ 9762815815 [Mr. Jitendra Goel] |
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Fax No.: |
91-20-27640303 |
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E-Mail : |
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Website : |
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Area : |
30000 Sq. ft |
|
Location : |
Owned |
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Factory 2 : |
Gat No.250/1, Chakan Talegaon Road, Chakan, Pune – 410501,
Maharashtra, India |
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Fax No.: |
91-20-27640303 |
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Area : |
8000 Sq. ft |
|
Location : |
Rented |
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Factory 3 : |
Plot No. 5, Gat No. 357/95, Wagjainagar, Chakan, Pune –
410501, Maharashtra, India |
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Branch Office : |
Sector 26/14, Siddhivinayak Prastha, Nigdi, Pune – 411044, Maharashtra, India |
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Tel. No.: |
91-20-27640303-4 |
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Fax No.: |
91-20-2764303 |
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E-Mail : |
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Location : |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mrs. Promila Jitendra Goel |
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Designation : |
Director |
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Address : |
Row House 14, Sector 26, Siddhivinayak Prastha,
Pradhikaran, Nigdi, Pune – 411044, Maharashtra, India |
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Date of Birth/Age : |
31.07.1961 |
|
Qualification : |
B.Com |
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Date of Appointment : |
24.08.2011 |
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DIN No. : |
03586496 |
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|
|
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Name : |
Mr. Satish Rameshwardas Agarwal |
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Designation : |
Director |
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Address : |
113/4, Dataram Bhawan, Vishrantwadi, Pune – 411015,
Maharashtra, India |
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Date of Birth/Age : |
30.05.1959 |
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Qualification : |
B.Com |
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Date of Appointment : |
24.08.2011 |
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DIN No. : |
03591612 |
KEY EXECUTIVES
|
Name : |
Mr. Vinod |
|
Designation : |
Manager |
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|
|
|
Name : |
Mr. Jitendra Goel |
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Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage of
Holding |
|
Promila Jitendra Goel |
424500 |
70.75 |
|
Satish Rameshwardas Agarwal |
175500 |
29.25 |
|
Total |
600000 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer,
Exporter and Importer of High Class Sanitary Napkins, Baby Diapers, Adult
Diapers, Underpads, etc. |
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|
|
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Products : |
· Napkins · Baby Diapers · Adult Diapers ·
Underpads, etc. |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
· Middle East · Africa · Nepal · Sri Lanka · Australia · Maldives etc. |
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Imports : |
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Products : |
Raw Material |
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Countries : |
· China · USA · Malaysia · Thailand · Singapore |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS:
NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and Manufacturer
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No. of Employees : |
120 (Approximately) |
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Bankers : |
·
Deutsche Bank AG, Suprem, Main ITI Road,
Aundh, Pune - |
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Facilities : |
NOTE LONG TERM
BORROWINGS Term loans of Rs.7.000 Millions taken from SIDBI is secured by First charge by way of hypothecation in favour of SIDBI on all movable assets of the company and collaterally secured by mortgage of immovable properties owned by the directors. Term loan from SIDBI carries interest at the rate of 12.25% per annum subject to RBI Regulations. Loan is repayable in 53 monthly installments of Rs.0.130 Million and 1 installment of Rs.0.110 Million each plus interest. Term loans of Rs.2.500 Million from Kotak Mahindra Bank is unsecured. The Directors have been recorded as coborrowers for the purpose of this loan. This Term loan from Kotak Mahindra Bank carries interest at base rate of 18.80% per annum subject to RBI Regulations. Loan is repayable in 36 monthly installments of Rs. 0.091 Million each including interest. Term loans of Rs.2.500 Millions from Tata Capital Financial Services Limited is unsecured. The Directors have been recorded as co-borrowers for the purpose of this loan. Term loan from Tata Capital Financial Services Limited carries interest at base rate of 18.65% per annum subject to RBI Regulations. Loan is repayable in 24 monthly installments of Rs.0.076 Million each including interest. Machinery Loan of Rs.1.269 Millions taken from Yes Bank Limited is secured by First charge by way of hypothecation in favour of the Bank on Material Handling Forklift Purchased by the company. The loan from Yes Bank Ltd. Carries interest at the rate of 7.92% per annum subject to RBI Regulations. Loan is repayable in 33 monthly installments of Rs.0.042 Million each including interest. Term loans of Rs.5.000 Millions taken from Axis Bank (CGTMSE Scheme) is secured by way of hypothecation of all movable assets of the company, both present and future and collaterally secured by Guarantee cover under the CGTMSE Scheme. Term loan from Axis Bank carries interest at the rate of 14.50% per annum subject to RBI Regulations. Loan is repayable in 59 monthly installments of Rs.0.084 Million and last installment of Rs.0.074 Million each plus interest. SHORT TERM BORROWINGS CC from Axis Bank Rs.2.621 Millions is secured against a Floating Charge on Stock and Debtors |
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Financial Institution : |
Electronica Finance Limited, 128/A, Plot No.3, Kailashchandra Appartments, Paud Road, Kothrud, Pune - 411038, Maharashtra, India |
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Auditors : |
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Name : |
Himanshu Patel and Associates Chartered Accountants |
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Address : |
42/1, Patel Tiles, Behind S.T. Stand, Shivaji Nagar, Pune – 411005, Maharashtra, India |
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Income-tax
PAN of auditor or auditor's firm : |
AKQPP9135P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
Actifit Hygiene Concepts |
CAPITAL STRUCTURE
As on 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
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|
|
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|
600,000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
600,000 |
Equity Shares |
Rs.10/- each |
Rs. 6.000 Millions |
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FINANCIAL DATA
[all figures are in
Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
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(1)Shareholders'
Funds |
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(a) Share Capital |
|
6.000 |
0.800 |
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(b) Reserves & Surplus |
|
0.157 |
0.024 |
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(c) Money
received against share warrants |
|
0.000 |
0.000 |
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(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
|
6.157 |
0.824 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
|
21.643 |
0.000 |
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(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
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(c) Other long term
liabilities |
|
0.000 |
0.000 |
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(d) long-term
provisions |
|
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
|
21.643 |
0.000 |
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(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
4.991 |
14.408 |
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(b) Trade
payables |
|
49.714 |
1.543 |
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(c) Other
current liabilities |
|
6.597 |
0.268 |
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(d) Short-term
provisions |
|
1.291 |
0.066 |
|
Total Current
Liabilities (4) |
|
62.593 |
16.285 |
|
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|
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|
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TOTAL |
|
90.393 |
17.109 |
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II.
ASSETS |
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(1) Non-current assets |
|
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(a) Fixed
Assets |
|
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|
|
(i)
Tangible assets |
|
24.980 |
4.093 |
|
(ii) Intangible
Assets |
|
0.090 |
0.110 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.247 |
0.380 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
28.317 |
4.583 |
|
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|
|
|
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(2) Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
49.182 |
8.455 |
|
(c) Trade
receivables |
|
3.004 |
1.971 |
|
(d) Cash
and cash equivalents |
|
1.827 |
0.572 |
|
(e)
Short-term loans and advances |
|
0.000 |
0.000 |
|
(f) Other
current assets |
|
8.063 |
1.528 |
|
Total
Current Assets |
|
62.076 |
12.526 |
|
|
|
|
|
|
TOTAL |
|
90.393 |
17.109 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
TOTAL |
|
135.027 |
8.159 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
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|
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TOTAL |
|
128.933 |
7.657 |
|
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|
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|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
6.094 |
0.502 |
|
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|
|
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|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
5.902 |
0.467 |
|
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|
PROFIT/ (LOSS) BEFORE TAX
|
|
0.192 |
0.035 |
|
|
|
|
|
|
|
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|
Less |
TAX |
|
0.060 |
0.011 |
|
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|
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|
|
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|
|
PROFIT/
(LOSS) AFTER TAX |
|
0.132 |
0.024 |
|
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|
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EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Sales |
|
0.609 |
0.108 |
|
|
TOTAL EARNINGS |
|
0.609 |
0.108 |
|
|
|
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|
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IMPORTS |
|
|
|
|
|
|
|
Raw Material (Manufacturing ) |
|
26.886 |
5.410 |
|
|
|
Finished Goods (Trading) |
|
25.004 |
1.019 |
|
|
|
Fixed Assets |
|
14.034 |
1.795 |
|
|
TOTAL IMPORTS |
|
65.924 |
8.224 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
0.47 |
0.44 |
|
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
0.21 |
0.20 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.03 |
0.04 |
|
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|
|
|
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|
Debt Equity Ratio (Total Debt/Networth) |
|
|
4.33 |
17.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
0.99 |
0.77 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Share Capital |
0.800 |
6.000 |
|
Reserves & Surplus |
0.024 |
0.157 |
|
Net
worth |
0.824 |
6.157 |
|
|
|
|
|
long-term borrowings |
0.000 |
21.643 |
|
Short term borrowings |
14.408 |
4.991 |
|
Total
borrowings |
14.408 |
26.634 |
|
Debt/Equity
ratio |
17.485 |
4.326 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Total Income |
8.159 |
135.027 |
|
|
|
1,554.945 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
8.159 |
135.027 |
|
Total Income |
0.024 |
0.132 |
|
|
0.29% |
0.10% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBTS
|
Particulars |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
|
|
|
|
Current Maturities of Long Term Debts |
3.914 |
0.000 |
|
|
|
|
|
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 |
Yes |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last
two 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 |
Yes |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director,
if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10443226 |
20/08/2013 |
592,137.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
B82213547 |
|
2 |
10441172 |
05/08/2013 |
943,824.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA APPARTMENTS, PAUD ROAD, KOTHRUD, PUNE, MAHARASHTRA - 411038, INDIA |
B81246399 |
|
3 |
10432492 |
31/05/2013 |
12,700,000.00 |
DEUTSCHE BANK AG |
SUPREM, MAIN ITI ROAD,
AUNDH, PUNE, MAHARASHTRA - |
B77687226 |
|
4 |
10399942 |
16/01/2013 |
7,000,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
JEEVAN SHREE BUILDING,GROUND FLOOR, S.NO.1109, PLOT NO.488, UNIVERSITY ROAD, SHIVAJINAGAR, PUNE, MAHARASHTRA - 411016, INDIA |
B66731613 |
|
5 |
10378068 |
05/09/2012 |
5,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING
BRANCH, 214/215,CITY MALL, GANE |
B58687179 |
|
6 |
10345938 |
21/03/2012 |
5,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING
BRANCH, 214/215, CITY MALL,GANE |
B36449270 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM BORROWINGS |
|
|
|
Term loans - From banks |
5.380 |
0.000 |
|
Term
loans - From other parties |
9.754 |
0.000 |
|
|
|
|
|
SHORT TERM
BORROWINGS |
|
|
|
Loans repayable on demand - From other parties |
0.000 |
3.160 |
|
Loans and advances from related parties |
0.000 |
4.962 |
|
Deposits |
2.370 |
2.370 |
|
Total |
17.504 |
10.492 |
OPERATIONS AND FUTURE
PROSPECTS
During the year ended Company achieved turnover of Rs. 135.027 Millions and Profit of Rs. 0.132 Millions as compared to last year the turnover of company was increased but due to operational expenditure the company cannot achieved expected profit and also the company expand the business during the year ended there are 2 to 4 plants are started for expansion of production So the Directors are hopeful to maintain its growth during the current financial year.
CONTINGENT
LIABILITIES (AS ON 31.03.2013)
i) Export Obligations on account of application for EPCG Licenses during the year amount to Rs.28.000 Millions (Previous Year:‐ Rs. Nil)
ii) Guarantees given by the bank on behalf of the company
a) The guarantee is backed by a Fixed Deposit placed by the company with it’s banker.
b) Bank guarantee Rs. 0.602 Million (Previous year Rs. NIL)
FIXED ASSETS
Tangible Assets
· Land
· Buildings
· Plant and Machinery
· Furniture and Fixtures
· Leasehold Improvements
· Vehicles
· Office equipment
· Computers and Peripherals
Intangible Assets
·
Computer Software
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 records 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.61.68 |
|
|
1 |
Rs.93.53 |
|
Euro |
1 |
Rs.70.75 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
28 |
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.