MIRA
INFORM REPORT
|
Report No. : |
306995 |
|
Report Date : |
07.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
RADIANT POLYMERS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
17, |
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Country : |
India |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
05.08.1988 |
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Com. Reg. No.: |
55-032685 |
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Capital
Investment / Paid-up Capital : |
Rs.19.954 Millions |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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CIN No.: [Company Identification
No.] |
U74899DL1988PTC032685 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Moulded Engineering Plastic Components. |
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No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 543000 |
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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. Management of the company has not filed it’s lasted financial i.e.
2014 with the government department. As per the available financial of 2013, the company has incurred a
loss. However, trade relations are reported as fair. Business is active.
Payments terms are reported to be slow but correct. The company can be considered for business dealings 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.
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 PARTED BY
|
Name : |
Mr. Jirendra |
|
Designation : |
General Manager |
|
Contact No.: |
91-9810665374 |
|
Date : |
06.02.2015 |
LOCATIONS
|
Registered Office : |
17, |
|
Tel. No.: |
Not Available |
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Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Locality: |
Industrial |
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Location: |
Rented |
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|
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Head Office / Plant 1 : |
A-4/7-8, Site IV, Sahibabad Industrial Estate, District Ghaziabad, Uttar
Pradesh – 201010, India |
|
Tel. No.: |
91-120-4537200 |
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Fax No.: |
91-120-2896206 |
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|
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Plant 2 : |
Plot No 13 A, Sector 2A, Integrated Industrial Estate, Rudrapur,
District, U.S. Nagar – 263153, Uttarakhand, India |
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Plant 3 : |
Plot No F – 591,592 Industrial Area, Phase – I, Bhiwandi, Diatrict –
Alwar, |
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Tel. No.: |
91-120-4537200 |
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|
|
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Plant 4 : |
A – 4/3, Site IV, Sahibabad Industrial Estate, District Ghaziabad,
Uttar Pradesh – 201010, India |
DIRECTORS
As on 28.09.2013
|
Name : |
Kumud Jayee |
|
Designation : |
Director |
|
Address : |
B – 106, Sector – 31, Gautam Budh nagar, Noida –
201301, Uttar Pradesh, India |
|
Date of Birth/Age : |
07.06.1956 |
|
Date of Appointment : |
05.08.1988 |
|
DIN No.: |
00055684 |
|
|
|
|
Name : |
Mr. Nalin Bahl |
|
Designation : |
Director |
|
Address : |
House No. 1, Road No. 41, Punjabi Bagh West, New Delhi – 110026, India
|
|
Date of Birth/Age : |
30.01.1954 |
|
Date of Appointment : |
05.08.1988 |
|
DIN No.: |
00055730 |
|
|
|
|
Name : |
Mr. Nitin Bahl |
|
Designation : |
Director |
|
Address : |
1/41, Punjabi Bagh West, New Delhi – 110026, India |
|
Date of Birth/Age : |
17.10.1980 |
|
Date of Appointment : |
15.02.2007 |
|
DIN No.: |
01121465 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
|
Names of Shareholders |
No. of Shares |
%age |
|
Kumud Jayee |
99769 |
50.00 |
|
Nalin Bahl |
99286 |
49.76 |
|
Pratibha Bahl |
483 |
0.24 |
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|
|
|
|
Total |
199538 |
100.00 |
As on 28.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Moulded Engineering Plastic Components. |
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|
|
|
Products : |
Moulded Engineering Plastic Components |
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|
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
·
Dubai ·
Japan ·
Indonesia ·
Thailand |
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Imports : |
|
|
Products : |
Raw Material |
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Countries : |
·
China ·
Japan ·
Indonesia ·
Thailand |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
600 (Approximately) |
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Bankers : |
· Canara Bank, Sahibabad, Ghaziabad, Uttar Pradesh, India · Allahabad Bank, A -6, Sector10, Noida – 201301, Uttar Pradesh, India · Oriental Bank of Commerce, S.S.I. Branch, Sahibabad, Ghaziabad, Uttar Pradesh, India · HDFC Bank Limited · IDBI Bank Limited · ICICI Bank Limited |
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Facilities : |
NOTE: LONG TERM
BORROWINGS *Term Loan from Bank is secured against hypothecation of stock, car, book debts, Plant and Machinery and Collateral security of land and personal guarantee of directors. The term loan is repayable at the interest rate of 14-15% per annum. **Term Loan from other is secured against hypothecation of machines. The term loan is repayable over the period of 4 years and carries interest rate of 15 % per annum. Cash Credit from bank is secured against hypothecation of stock and book debts. The cash is repayable on demand and carries interest rate of 15% p. a. SHORT TERM
BORROWINGS *Cash and Credit
from bank is secured against hypothecation of stock and book debts. The cash
credit is repayable on demand carries interest rate of 15%p.a. |
|
Banking Relations
: |
-- |
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|
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Financial Institution : |
Electronica Finance Limited, 128/A, Plot No.3, Kailashchandra
Appartments, Paud Road, Kothrud, Pune, Maharashtra - 411038, India |
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Auditors : |
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|
Name : |
S. Bahl and Company Chartered Accountants |
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Address : |
17, Barakhamba Road, Vijaya Building, (L. G. Floor 69-70), New Delhi – 110001, India |
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Tel No. : |
91-11-23321536 |
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Fax No.: |
91-11-23350662 |
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Email : |
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Website : |
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PAN
No. : |
AAIFS7562B |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates : |
Radiant Complast Private Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
800000 |
Equity Shares |
Rs.100/- each |
Rs.80.000 Millions |
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|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
199538 |
Equity Shares |
Rs.100/- each |
Rs.19.954 Millions |
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|
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|
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 |
19.954 |
19.954 |
19.954 |
|
(b) Reserves & Surplus |
115.911 |
156.231 |
136.549 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
(2)
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
135.865 |
176.185 |
156.503 |
|
|
|
|
|
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(3) Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
119.646 |
108.944 |
109.468 |
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(b) Deferred tax liabilities (Net) |
4.441 |
5.043 |
5.173 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
10.837 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
134.924 |
113.987 |
114.641 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
207.060 |
196.633 |
217.683 |
|
(b) Trade payables |
135.240 |
150.201 |
105.279 |
|
(c) Other current
liabilities |
48.742 |
40.615 |
40.185 |
|
(d) Short-term provisions |
16.628 |
16.206 |
11.982 |
|
Total Current Liabilities (4) |
407.670 |
403.655 |
375.129 |
|
|
|
|
|
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TOTAL |
678.459 |
693.827 |
646.273 |
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II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
261.852 |
264.952 |
255.619 |
|
(ii) Intangible Assets |
0.661 |
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 |
10.050 |
10.050 |
10.050 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
7.029 |
5.705 |
2.030 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
279.592 |
280.707 |
267.699 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
194.744 |
198.020 |
187.167 |
|
(c) Trade receivables |
141.941 |
131.870 |
121.429 |
|
(d) Cash and cash
equivalents |
13.984 |
27.987 |
13.312 |
|
(e) Short-term loans and
advances |
48.198 |
55.243 |
56.666 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
398.867 |
413.120 |
378.574 |
|
|
|
|
|
|
TOTAL |
678.459 |
693.827 |
646.273 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
887.906 |
790.240 |
722.914 |
|
|
|
Other Income |
NA |
10.101 |
1.540 |
|
|
|
TOTAL |
NA |
800.341 |
724.454 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
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|
|
Advertising Expenses |
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|
|
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|
|
TOTAL |
NA |
NA |
NA |
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|
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|
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|
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|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
(6.849) |
55.673 |
53.534 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
34.073 |
31.071 |
29.710 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(40.922) |
24.602 |
23.824 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(0.602) |
4.920 |
7.223 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(0.320) |
19.682 |
16.601 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
30.543 |
57.949 |
88.328 |
|
|
TOTAL EARNINGS |
30.543 |
57.949 |
88.328 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
78.958 |
75.642 |
25.525 |
|
|
|
Stores & Spares |
1.651 |
0.132 |
0.050 |
|
|
|
Capital Goods |
16.665 |
28.530 |
22.511 |
|
|
TOTAL IMPORTS |
97.274 |
104.304 |
48.086 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(1.60) |
98.63 |
83.20 |
|
|
Particulars |
|
|
31.03.2014 |
|
Sales Turnover (Approximately) |
|
|
940.000 |
Expected Sales (2014-2015) : Rs.1050.000 Millions
The above information has been parted by Mr. Jitendra
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin |
(%) |
(0.04) |
2.49 |
2.30 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(6.12) |
3.60 |
3.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.30) |
0.14 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.40 |
1.73 |
2.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
1.02 |
1.01 |
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 |
19.954 |
19.954 |
19.954 |
|
Reserves & Surplus |
136.549 |
156.231 |
115.911 |
|
Net
worth |
156.503 |
176.185 |
135.865 |
|
|
|
|
|
|
long-term borrowings |
109.468 |
108.944 |
119.646 |
|
Short term borrowings |
217.683 |
196.633 |
207.060 |
|
Total
borrowings |
327.151 |
305.577 |
326.706 |
|
Debt/Equity
ratio |
2.090 |
1.734 |
2.405 |
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 |
722.914 |
790.240 |
887.906 |
|
|
|
9.313 |
12.359 |
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 |
722.914 |
790.240 |
887.906 |
|
Profit |
16.601 |
19.682 |
(0.320) |
|
|
2.30% |
2.49% |
(0.04%) |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
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 |
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
LONG TERM
BORROWINGS |
|
|
|
Term loans from banks # |
1.590 |
1.265 |
|
Loans and advances from others ## |
84.361 |
81.968 |
|
Loans and advance from related parties |
18.648 |
12.293 |
|
|
|
|
|
Total |
104.599 |
95.526 |
NOTE:
LONG TERM
BORROWINGS
#Unsecured term loan from bank is repayable over the period of 3 years
and carries interest rate of 18% p.a.
##Unsecured loan from other parties is repayable over the period of 5
years and carries interest rate of 14.75% to 18% p.a.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10452840 |
25/09/2013 |
15,788,082.00 |
ELECTRONICA FINANCE LIMITED |
128/A, Plot No.3, Kailashchandra Appartments, Paud Road, Kothrud,
Pune, Maharashtra - 411038, INDIA |
B86568839 |
|
2 |
10374627 |
24/08/2012 |
4,929,764.00 |
ELECTRONICA FINANCE LIMITED |
128/A, Plot No.3, Kailashchandra Appartments, Paud Road, Kothrud,
Pune, Maharashtra - 411038, INDIA |
B57341703 |
|
3 |
10343316 |
18/02/2012 |
2,030,055.00 |
ELECTRONICA FINANCE LIMITED |
128/A, Plot No.3, Kailashchandra Appartments, Paud Road, Kothrud,
Pune, Maharashtra - 411038, INDIA |
B35512367 |
|
4 |
10216966 |
05/12/2011 * |
318,900,000.00 |
ALLAHABAD BANK |
A-6 SECTOR-10, NOIDA, NOIDA, Uttar Pradesh - 201301, INDIA |
B27917426 |
|
5 |
10219810 |
23/03/2010 |
293,350,000.00 |
ALLAHABAD BANK |
A-6 SECTOR-10, NOIDA, NOIDA, Uttar Pradesh - 201301, INDIA |
A85507929 |
* Date of charge modification
FIXED ASSETS
œ
Land
œ
Building
œ
Plant and Machinery
œ
Computers
œ
Furniture and Fixture
œ
Vehicles
œ
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 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.94.65 |
|
Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
2 |
|
--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 |
|
29 |
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.