MIRA INFORM REPORT
|
Report No. : |
306941 |
|
Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
FANCY FITTINGS LIMITED |
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Formerly Known
As : |
FANCY FITTINGS PRIVATE LIMITED |
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Registered
Office : |
145/259, Minerva Industrial Estate, Sewri Bunder Road, Sewri (East),
Mumbai – 400015, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
06.01.1993 |
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Com. Reg. No.: |
11-070323 |
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Capital
Investment / Paid-up Capital : |
Rs.16.290 Millions |
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CIN No.: [Company Identification
No.] |
L74999MH1993PLC070323 |
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TIN No.: |
Not Available |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMF01265F |
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PAN No.: [Permanent Account No.] |
AAACF0537G |
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Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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Line of Business
: |
Manufacturers of an array of products for a vast variety of Industries. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. As per registrar of companies the date of balance sheet i.e.
financials filed is shown as 31st March 2014 but the document
related to the financials for the year 2014 are not available from any
sources. As per available financial of 2013, financial position of the company
seems to be decent. Trade relations are reported to be fair. Business is active. Payment
terms are reported to be usually correct and as per commitments. The company can be considered for normal business dealing 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Ratings = BBB- |
|
Rating Explanation |
Have moderate degree of safety and carry
moderate credit risk. |
|
Date |
January 9, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3 |
|
Rating Explanation |
Have moderate degree of safety and carry
higher credit risk. |
|
Date |
January 9, 2014 |
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 : |
Not Divulged |
|
Designation : |
Reception |
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Contact No.: |
91-22-61389900 |
|
Date : |
06.02.2015 |
LOCATIONS
|
Registered Office : |
145/259, Minerva Industrial Estate, Sewri Sunder Road, Sewri (East), Mumbai
– 400015, Maharashtra, India |
|
Tel. No.: |
91-22-61389900 |
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Fax No.: |
91-22-24143288 |
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E-Mail : |
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Website : |
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Factory 1 : |
Unit I:
Plot No. D1-D2 Survey No. 55/2-A, Ringanwada Behind Daman Fire Force
Station, Nani Daman (U.T.) 396210, India |
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Factory 2 : |
Unit III:
Plot No. 55/3, 55/3A, 55/3B, 55/4, Survey No. 55/2-A Ringanwada,
Behind Daman Fire Force Station, Nani Daman (U.T.) 396210, India |
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Factory 3 : |
Plot No. 97, 98, 99 and 100, Surat Special Economic Zone, Diamond
Park, G.I.D.C, Sachin, Surat - 394230, Gujarat India |
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Branch Offices : |
Located at: FITTINGS
DIVISION · Mumbai · Delhi HANGER DIVISION · Mumbai · Delhi · Bangalore · Tirupur |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Jayant Navinchandra Parekh |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
Fortune
Building, 3rd Floor, Plot No. 568, Lady Jahangir Road, Matunga (East), Mumbai
– 400019, Maharashtra, India |
|
Date of Birth/Age : |
18.10.1961 |
|
Date of Appointment : |
06.01.1993 |
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PAN No.: |
AADPP0435F |
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DIN No.: |
00095406 |
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Name : |
Mrs. Nishita Kirit Shah |
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Designation : |
Whole-time Director |
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Address : |
67/69, Perin
Nariman Street, Bhagwan Bhuvan, 4th Floor, Fort, Mumbai – 400001,
Maharashtra, India |
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Date of Birth/Age : |
17.08.1964 |
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Date of Appointment : |
22.05.2006 |
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PAN No.: |
AAEPS7844L |
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DIN No.: |
00095423 |
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Name : |
Mr. Anup Kumud Shah |
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Designation : |
Director |
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Address : |
1-8-215/4, Prenderghast Road, Secunderabad – 500003, India |
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Date of Birth/Age : |
09.09.1960 |
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Date of Appointment : |
28.06.2001 |
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DIN No.: |
00095450 |
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Name : |
Mr. Nimesh Kishore Sheth |
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Designation : |
Director |
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Address : |
26/82, Stambh Tirth,
Rafi Ahmed Kidwai Road, Wadala, Mumbai- 400031, Maharashtra, India |
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Date of Birth/Age : |
11.02.1969 |
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Date of Appointment : |
28.06.2008 |
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DIN No.: |
00772973 |
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Name : |
Mr. Piyush Chandrasinh Sampat |
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Designation : |
Director |
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Address : |
402, Jeevan
Bharat Society, Plot No. 487, 17th Road, Khar (West), Mumbai-400052,
Maharashtra, India |
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Date of Birth/Age : |
02.12.1961 |
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Date of Appointment : |
28.06.2008 |
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DIN No.: |
01613411 |
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Name : |
M. Nishit Mohanlal Dhruva |
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Designation : |
Director |
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Address : |
Dariya Mahal, A
Wing, 1st Floor, 80, Napean Sea Road, Mumbai- 400006, Maharashtra, India |
|
Date of Birth/Age : |
17.08.1964 |
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Date of Appointment : |
28.06.2008 |
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DIN No.: |
01641751 |
MAJOR SHAREHOLDERS
As on 30.09.2013
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
23.38 |
|
Directors or relatives of Directors |
55.79 |
|
Other top fifty shareholders |
16.19 |
|
Other |
4.64 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of an array of products for a vast variety
of Industries. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
·
State Bank of India, Backbay Reclamation Branch, Raheja
Chambers, Ground Floor, Nariman Point, Mumbai - 400021, Maharashtra, India · Kotak Mahindra Bank Limited, 36-38, Nariman Bhavan, 227-D, Nariman Point, Mumbai – 400021, Maharashtra, India |
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Facilities : |
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Financial Institution : |
L and T, Finance Limited, L and T House, Ballard Estste, Mumbai –
400001, Maharashtra, India |
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Auditors : |
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Name : |
N. B. Parekh and
Associates Chartered Accountants |
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Address : |
A/16, Arihant,
Owners Colony, Vidyavihar (East), Mumbai - 400077, Maharashtra, India |
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PAN
No. : |
AAJPP9063H |
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Memberships : |
-- |
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Collaborators : |
-- |
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Other Related Parties : |
CIN No.: U01100MH1961PTC023004
CIN No.: U25209MH1993PTC070322
|
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1998000 |
Equity Shares |
Rs.10/- each |
Rs.19.980 Millions |
|
2000 |
Preference Shares |
Rs.10/- each |
Rs.0.020 Millions |
|
|
Total |
|
Rs.20.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1629000 |
Equity Shares |
Rs.10/- each |
Rs.16.290 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 |
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|
(1)Shareholders' Funds |
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|
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(a) Share Capital |
16.290 |
16.290 |
16.290 |
|
(b) Reserves & Surplus |
289.984 |
282.103 |
274.047 |
|
(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 |
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Total
Shareholders’ Funds (1) + (2) |
306.274 |
298.393 |
290.337 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
9.122 |
22.640 |
49.954 |
|
(b) Deferred tax liabilities (Net) |
22.959 |
22.959 |
22.313 |
|
(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) |
32.081 |
45.599 |
72.267 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
214.679 |
229.164 |
178.798 |
|
(b) Trade
payables |
169.285 |
104.586 |
131.255 |
|
(c) Other current
liabilities |
15.417 |
11.397 |
42.406 |
|
(d) Short-term
provisions |
30.646 |
25.218 |
21.617 |
|
Total Current
Liabilities (4) |
430.027 |
370.365 |
374.076 |
|
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|
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TOTAL |
768.382 |
714.357 |
736.680 |
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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 |
254.906 |
253.410 |
264.808 |
|
(ii)
Intangible Assets |
0.003 |
0.122 |
0.242 |
|
(iii)
Capital work-in-progress |
5.877 |
3.840 |
4.796 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
10.830 |
10.730 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
271.616 |
268.102 |
269.846 |
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
10.630 |
|
(b)
Inventories |
227.722 |
202.051 |
211.577 |
|
(c) Trade
receivables |
150.119 |
113.727 |
106.756 |
|
(d) Cash
and cash equivalents |
22.713 |
27.625 |
33.117 |
|
(e)
Short-term loans and advances |
70.943 |
79.783 |
75.542 |
|
(f) Other
current assets |
25.269 |
23.069 |
29.212 |
|
Total
Current Assets |
496.766 |
446.255 |
466.834 |
|
|
|
|
|
|
TOTAL |
768.382 |
714.357 |
736.680 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
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SALES |
|
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Income |
760.798 |
649.299 |
665.357 |
|
|
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Other Income |
5.727 |
2.824 |
2.294 |
|
|
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TOTAL (A) |
766.525 |
652.123 |
667.651 |
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Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
483.345 |
374.659 |
404.868 |
|
|
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Purchase of Stock-in-trade |
15.889 |
7.272 |
5.747 |
|
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|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(26.493) |
(6.136) |
(44.231) |
|
|
|
Employee Benefits Expenses |
70.966 |
61.936 |
55.094 |
|
|
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Other Expenses |
144.706 |
131.123 |
163.136 |
|
|
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TOTAL (B) |
688.413 |
568.854 |
584.614 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
78.112 |
83.269 |
83.037 |
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Less |
FINANCIAL
EXPENSES (D) |
38.059 |
40.507 |
30.076 |
|
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
40.053 |
42.762 |
52.961 |
|
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|
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|
Less |
DEPRECIATION/
AMORTISATION (F) |
26.984 |
27.422 |
24.471 |
|
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
13.069 |
15.340 |
28.490 |
|
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|
Less |
TAX (H) |
2.348 |
25.289 |
3.903 |
|
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|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
10.721 |
(9.949) |
24.587 |
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EARNING IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
407.492 |
311.343 |
284.896 |
|
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TOTAL |
407.492 |
311.343 |
284.896 |
|
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IMPORT |
|
|
|
|
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|
|
Capital Goods |
2.580 |
25.690 |
5.848 |
|
|
|
Raw Materials |
231.292 |
133.942 |
127.429 |
|
|
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TOTAL |
233.872 |
159.632 |
133.277 |
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|
|
Earnings /
(Loss) Per Share (Rs.) |
6.58 |
6.11 |
15.09 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.41 |
(1.53) |
3.70 |
|
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|
Operating Profit Margin (PBDIT/Sales) |
(%) |
10.27 |
12.82 |
12.48 |
|
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|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.74 |
2.19 |
3.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.05 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.73 |
0.84 |
0.79 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.20 |
1.25 |
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 |
16.290 |
16.290 |
16.290 |
|
Reserves & Surplus |
274.047 |
282.103 |
289.984 |
|
Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
290.337 |
298.393 |
306.274 |
|
|
|
|
|
|
Long Term borrowings |
49.954 |
22.640 |
9.122 |
|
Short Term borrowings |
178.798 |
229.164 |
214.679 |
|
Total
borrowings |
228.752 |
251.804 |
223.801 |
|
Debt/Equity
ratio |
0.788 |
0.844 |
0.731 |
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 |
665.357 |
649.299 |
760.798 |
|
|
|
(2.413) |
17.172 |
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
|
665.357 |
649.299 |
760.798 |
|
Profit |
24.587 |
(9.949) |
10.721 |
|
|
3.70% |
(1.53%) |
1.41% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
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 |
No |
|
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 |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Loans repayable on demand |
5.021 |
10.421 |
|
Total |
5.021 |
10.421 |
OPERATIONS
The Company
achieved total Turnover of Rs. 759.180 millions during the year, as against
total Turnover of Rs. 643.432 millions during the previous year, which
represents increase of about 18%. Export Turnover during the year is Rs.407.492
millions as against Export Turnover of Rs.311.343 millions during the previous
year. Profit after tax during the year was Rs.10.721 millions as against
Rs.9.949 millions during the previous year. Margins during the year have
reduced mainly due to increase on account of raw material cost and personnel
cost.
FUTURE OUTLOOK
The Directors are
making constant endeavors to explore new markets to achieve higher turnover and
profitability. The Company is getting tied up with one pharmaceutical company
as a supporting manufacturer. The Company is also getting tied up with a secure
lock company to make secure locks.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10379864 |
31/08/2012 |
5,552,000.00 |
L & T
Finance Limited |
L&T House,
Ballard Estate, Mumbai, Maharashtra - 400001, India |
B59434928 |
|
2 |
10344129 |
14/03/2012 |
2,100,000.00 |
L & T
Finance Limited |
L&T House, Ballard
Estate, Mumbai, Maharashtra - 400001, India |
B35780451 |
|
3 |
10205339 |
26/02/2010 |
7,650,000.00 |
L & T
Finance Limited |
L&T House,
Ballard Estate, Mumbai, Maharashtra - 400001, India |
A80494560 |
|
4 |
10204941 |
26/02/2010 |
39,100,000.00 |
HDFC Bank
Limited |
HDFC Bank
Housesenapati Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A80375249 |
|
5 |
10200368 |
19/01/2010 * |
39,100,000.00 |
HDFC Bank
Limited |
HDFC Bank Housesenapati
Bapat Marg, Lower Parel W, Mumbai, Maharashtra - 400013, India |
A80958846 |
|
6 |
10193333 |
16/11/2009 |
9,355,887.00 |
L & T
Finance Limited |
L&T House,
Ballard Estate, Mumbai, Maharashtra - 400001, India |
A76092618 |
|
7 |
90350300 |
20/12/2012 * |
367,100,000.00 |
State Bank Of
India |
Backbay
Reclamation Branch, Raheja Chambers, Free Press Journal Marg, Nariman Point,
Mumbai, Maharashtra - 400021, India |
B64572340 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.62.14 |
|
|
1 |
Rs.94.79 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
|
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
48 |
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.