MIRA
INFORM REPORT
|
Report No. : |
307766 |
|
Report Date : |
13.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIDDHI ENTERPRISES |
|
|
|
|
Registered
Office : |
B 102, Rajashree CHS, Off |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.09.1992 |
|
|
|
|
Capital
Investment : |
Rs.7.627 Millions |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
ACMPK2368K |
|
|
|
|
Legal Form : |
Sole Proprietary Concern |
|
|
|
|
Line of Business
: |
Manufacturer of Pilfer Caps (Aluminium) to be used in Distilleries and
Pharmaceutical Companies. |
|
|
|
|
No. of Employees
: |
17 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established proprietary concern having a satisfactory
track record. The rating takes into consideration concerns established track record
of business operations marked by sound financial base and fair profitability
margins of the concern. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern can be considered for business dealings at usual trade
terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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
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. Pradeep |
|
Designation : |
Accountant |
|
Contact No.: |
91-9820071969 |
|
Date : |
12.02.2015 |
LOCATIONS
|
Registered Office : |
B 102, Rajashree CHS, Off Sahar Road, Andheri (East), Mumbai – 400099,
Maharashtra, India |
|
Tel. No.: |
91-22-28227321 / 28643638 |
|
Mobile No.: |
91-9820071969 (Mr. Pradeep) |
|
Fax No.: |
Not Available |
|
Location : |
Owned |
|
|
|
|
Administrative Office : |
206, 2nd Floor, Rainbow Chambers, S.V. Road, Poisar,
Kandivali (West), Mumbai – 400067, Maharashtra, India |
|
Tel No.: |
91-22-28643638 / 3639 |
|
|
|
|
Factory : |
L-720/3, GIDC, Sarigm, District Valsad, Gujarat, India |
|
Tel No.: |
91-260-2780846 |
|
Location : |
Owned |
SOLE PROPRIETOR
|
Name : |
Mr. Mohnish Anil Karnik |
|
Designation : |
Proprietor |
|
Address : |
B-102, Rajshree CHS, Off Sahar Road, Andheri (East), Mumbai,
Maharashtra, India |
|
Date of Birth/Age : |
17.04.1969 |
|
Qualification : |
MBA |
|
PAN No.: |
ACMPK2368K |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Pilfer Caps (Aluminium) to be used in Distilleries and
Pharmaceutical Companies. |
|
|
|
|
Products : |
Pilfer Caps (Aluminium) |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Credit (90 Days) |
|
|
|
|
Purchasing : |
Cash |
GENERAL INFORMATION
|
Suppliers : |
·
Vinayak Trading ·
A R Enterprises ·
Orriggami Packaging |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
·
Micron Pharmaceuticals Private Limited ·
Veno Pharmaceuticals Private Limited ·
Gulmohar Creation ·
Sarayya Distilleries ·
Rhizome Distilleries Private Limited ·
A M Exports ·
Pari Creation |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
17 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Jagdish V. Rajgor and Company Chartered Accountants |
|
|
|
|
Memberships : |
|
|
|
-- |
|
Collaborators : |
-- |
|
|
|
|
Sister Concerns: |
Not Divulged |
CAPITAL STRUCTURE
As on 31.03.2014
|
Particulars |
Rs.
In Millions |
|
|
|
|
Opening Balance |
6.861 |
|
Add: |
|
|
Profit for the year |
1.394 |
|
Bank Interest |
0.008 |
|
Dividend |
0.042 |
|
|
8.305 |
|
Drawing |
0.402 |
|
Advance Tax |
0.225 |
|
S.A. Tax (A.Y. 2013-14) |
0.051 |
|
|
|
|
Closing Balance |
7.627 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
7.627 |
6.861 |
6.171 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
7.627 |
6.861 |
6.171 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
15.870 |
14.363 |
11.878 |
|
|
TOTAL BORROWING |
15.870 |
14.363 |
11.878 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
23.497 |
21.224 |
18.049 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
2.037 |
2.400 |
2.202 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.490 |
0.488 |
0.270 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
14.010 |
13.165 |
9.234 |
|
|
Sundry Debtors |
11.964 |
10.356 |
9.203 |
|
|
Cash & Bank Balances |
0.389 |
0.215 |
0.321 |
|
|
Other Current Assets |
0.000 |
0.000 |
0.000 |
|
|
Loans & Advances |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
26.363 |
23.736 |
18.758 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
4.891 |
4.306 |
2.548 |
|
|
Other Current Liabilities |
0.502 |
1.094 |
0.633 |
|
|
Provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities |
5.393 |
5.400 |
3.181 |
|
|
Net Current Assets |
20.970 |
18.336 |
15.577 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
23.497 |
21.224 |
18.049 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
77.795 |
72.775 |
62.957 |
|
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
|
TOTAL |
77.795 |
72.775 |
62.957 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
69.833 |
65.465 |
56.801 |
|
|
|
Electricity |
0.302 |
0.299 |
0.286 |
|
|
|
Salary |
0.794 |
0.625 |
0.598 |
|
|
|
Insurance |
0.064 |
0.064 |
0.064 |
|
|
|
Repairs & Maint |
0.068 |
0.058 |
0.036 |
|
|
|
Telephone
Expenses |
0.081 |
0.089 |
0.085 |
|
|
|
Conveyance |
0.274 |
0.223 |
0.084 |
|
|
|
Interest Paid |
1.641 |
1.395 |
1.025 |
|
|
|
Duties And Taxes |
0.241 |
0.222 |
0.082 |
|
|
|
Freight Charges |
2.118 |
1.975 |
1.514 |
|
|
|
Audit Fees |
0.035 |
0.030 |
0.025 |
|
|
|
Water Charges |
0.011 |
0.010 |
0.007 |
|
|
|
Membership Fees |
0.000 |
0.010 |
0.000 |
|
|
|
Travelling Expenses
|
0.000 |
0.107 |
0.474 |
|
|
|
Bank Charges |
0.001 |
0.003 |
0.010 |
|
|
|
Professional Fees |
0.103 |
0.136 |
0.139 |
|
|
|
Prating And Stationery |
0.024 |
0.063 |
0.055 |
|
|
|
Rates And Taxes |
0.093 |
0.097 |
0.061 |
|
|
|
Sundry Expenses |
0.288 |
0.229 |
0.122 |
|
|
|
Sundry Bal W/Off |
0.066 |
0.090 |
0.093 |
|
|
|
TOTAL |
76.037 |
71.180 |
61.561 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION |
1.758 |
1.595 |
1.396 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
0.364 |
0.444 |
0.452 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
FOR THE YEAR |
1.394 |
1.151 |
0.944 |
|
Note: Sole Proprietary and Partnership concerns are exempted
from filing their financials with the Government Authorities or Registry.
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.79 |
1.58 |
1.50 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
2.26 |
2.19 |
2.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.91 |
4.40 |
4.50 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18 |
0.17 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.08 |
2.09 |
1.92 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.89 |
4.40 |
5.90 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Share Capital |
6.171 |
6.861 |
7.627 |
|
Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
6.171 |
6.861 |
7.627 |
|
|
|
|
|
|
Secured Loans |
0.000 |
0.000 |
0.000 |
|
Unsecured Loans |
11.878 |
14.363 |
15.870 |
|
Total
borrowings |
11.878 |
14.363 |
15.870 |
|
Debt/Equity
ratio |
1.925 |
2.093 |
2.081 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales |
62.957 |
72.775 |
77.795 |
|
|
|
15.595 |
6.898 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
Rs.
In Millions |
Rs.
In Millions |
Rs.
In Millions |
|
Sales
|
62.957 |
72.775 |
77.795 |
|
Profit |
0.944 |
1.151 |
1.394 |
|
|
1.50% |
1.58% |
1.79% |
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
three 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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
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 |
No |
|
25] |
Conduct of the banking
account |
Yes |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
No |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
No |
|
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 LOANS
(RS. IN MILLIONS)
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
Sanjay Joshi |
2.800 |
2.535 |
|
Vedha Prakas Mishra |
2.000 |
1.432 |
|
S K Jain |
3.000 |
2.358 |
|
Rajeev Roy |
2.700 |
2.952 |
|
Chirag Parikh |
3.020 |
2.074 |
|
Pramod Kumar Jha |
2.350 |
3.012 |
|
Total |
15.870 |
14.363 |
------------------------------------------------------------------------------------------------------------------------------
MR. MOHNISH ANIL KARNIK
COMPUTATION OF TOTAL INCOME
(RS. IN MILLIONS)
|
PARTICULARS |
31.03.2014 |
|
|
Profit and Gains
of Business or Profession |
|
|
|
Business 1 |
|
|
|
Net Profit before tax as per P & L A/c |
1.394 |
|
|
Add: Inadmissible Expenses |
|
|
|
Depreciation depited in P/L A/c (as per book) |
0.363 |
|
|
|
|
|
|
Adjusted Profit from Business 1 |
------------ 1.757 ------------ |
|
|
Total Income from Business and Professional |
1.757 |
|
|
Less: Depreciation as per IT Act |
0.363 |
|
|
|
|
|
|
Income chargeable under the head “Business and Profession” |
|
1.394 |
|
|
|
|
|
Income from
Other sources |
|
|
|
Bank Interest |
|
0.008 ------------ |
|
Gross Total Income |
|
1.402 |
|
Deduction under chapter VI-A |
|
0.100 ---------- |
|
Total Income |
|
1.302 |
|
Tax on Total Income |
|
0.220 |
|
Add: Education Cess @ 3% |
|
0.007 ---------- |
|
Total Tax Payable |
|
0.227 |
|
Less: Advance Tax Paid |
|
0.225 ---------- |
|
|
|
0.002 |
|
Self-Assessment Tax Paid |
|
0.002 -------- |
|
Payable / Refundable |
|
0.000 |
------------------------------------------------------------------------------------------------------------------------------
ASSESSMENT OF WORKING CAPITAL REQUIREMENTS
OPERATING STATEMENT
(RS. IN MILLIONS)
|
SR.NO. |
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2016 (Projected) |
31.03.2017 (Projected) |
|
|
|
|
|
|
|
1. |
Gross Sales |
|
|
|
|
|
|
|
|
|
|
(i) |
Domestic |
97.242 |
121.555 |
151.940 |
|
|
|
|
|
|
|
(ii) |
Exports |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Total (a+b) |
97.242 |
121.555 |
151.940 |
|
|
|
|
|
|
|
2. |
Less: Excise Duty |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
3. |
Net Sales (1-2) |
97.242 |
121.555 |
151.940 |
|
|
|
|
|
|
|
4. |
% age rise (+) or fall (-) in net sales as compared to previous year |
25.00% |
25.00% |
25.00% |
|
|
|
|
|
|
|
5. |
COST OF SALES |
|
|
|
|
|
|
|
|
|
|
i) |
Raw Materials (Including Stores and Other Items used in the process of manufacture) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(a)Imported |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(b)Indigenous |
91.168 |
112.295 |
140.255 |
|
|
|
|
|
|
|
ii) |
Labour/ Wages Charges |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Custom Duty |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Packing Material Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
iii) |
Freight and Insurance |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
iv) |
Transport Charges |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
v) |
Other Expenses |
0.345 |
0.398 |
0.401 |
|
|
|
|
|
|
|
vi) |
Depreciation |
0.303 |
0.256 |
0.217 |
|
|
|
|
|
|
|
vii) |
Sub-Total (i to vi) |
91.816 |
113.579 |
140.873 |
|
|
|
|
|
|
|
viii) |
Add: Opening Stock in Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub-Total |
91.816 |
113.579 |
140.873 |
|
|
|
|
|
|
|
ix) |
Deduct: Closing Stock in Process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
X) |
COST OF PRODUCTION |
91.816 |
113.579 |
140.873 |
|
|
|
|
|
|
|
xi) |
Add: Opening Stock of Finished Goods |
14.010 |
17.530 |
20.560 |
|
|
|
|
|
|
|
|
Sub-Total |
105.826 |
131.109 |
161.433 |
|
|
|
|
|
|
|
xii) |
Deduct: Closing Stock of Finished Goods |
17.530 |
20.560 |
23.248 |
|
|
|
|
|
|
|
xiii) |
Sub-Total (Total Cost of
Sales) |
88.296 |
110.549 |
138.185 |
|
|
|
|
|
|
|
6. |
Selling, General and Administrative Expenses |
6.820 |
7.263 |
7.855 |
|
|
|
|
|
|
|
7. |
Sub-Total (5+6) |
95.116 |
117.812 |
146.040 |
|
|
|
|
|
|
|
8. |
Operating Profit Before Interest (3-7) |
2.126 |
3.743 |
5.900 |
|
|
|
|
|
|
|
9. |
Interest |
0.233 |
1.400 |
1.400 |
|
|
|
|
|
|
|
10. |
Operating Profit after Interest (8-9) |
1.893 |
2.343 |
4.500 |
|
|
|
|
|
|
|
11.i) |
Add: Other Non-operating Income |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(a) |
Miscellaneous Income |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
ii) |
Deduct: Other Non-operating Expenses |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(a) |
P & P Written Off |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub-Total (Expenses) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
iii) |
Net of Other Non-operating Income/ Expenses Net of 11(i) & 11(ii) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
12. |
Profit before tax/ Loss [10+11(iii)] |
1.893 |
2.343 |
4.500 |
|
|
|
|
|
|
|
13. |
Provision for Taxes |
0.488 |
0.533 |
0.700 |
|
|
|
|
|
|
|
14. |
Net Profit/ Loss (12-13) |
1.405 |
1.810 |
3.800 |
|
|
|
|
|
|
|
15. (a) |
Equity Dividend Paid |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
(b) |
Dividend Rate |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
16. |
Retained Profit (14-15) |
1.405 |
1.810 |
3.800 |
|
|
|
|
|
|
|
17. |
Retained Profit/ Net Profit (% age) |
0.100 |
0.100 |
0.100 |
------------------------------------------------------------------------------------------------------------------------------
ANALYSIS OF BALANCE SHEET
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2016 (Projected) |
31.03.2017 (Projected) |
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
1 |
Short
term borrowings from bank (incl. Bills purchased, discounted & excess borrowings
placed on repayment basis) |
|
|
|
|
|
(i)
From applicant bank |
10.000 |
10.000 |
10.000 |
|
|
(ii)
From other banks |
0.000 |
0.000 |
0.000 |
|
|
(iii)
of which EP & BD |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
Sub Total (A) |
10.000 |
10.000 |
10.000 |
|
|
|
|
|
|
|
2 |
Short
term borrowings from others |
10.000 |
12.000 |
15.000 |
|
|
|
|
|
|
|
3 |
Sundry
Creditors - Trade |
5.528 |
6.150 |
6.530 |
|
|
|
|
|
|
|
4 |
Advance
payments from customers/deposits from dealers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
5 |
Provision
for Taxation [Net of advance tax] |
0.488 |
0.533 |
0.700 |
|
|
|
|
|
|
|
6 |
Bank
Overdraft |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
7 |
Other
statutory liabilities (due within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
8 |
Deposits/
Instalments of term loan/ DPGs/ Debentures etc. (due within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
9 |
Other
current liabilities and Provisions (due within one year) |
0.532 |
0.611 |
0.660 |
|
|
|
|
|
|
|
|
Sub Total (B) |
16.548 |
19.294 |
22.890 |
|
|
|
|
|
|
|
10 |
TOTAL CURRENT LIABILITIES [Total of 1 to 9] |
26.548 |
29.294 |
32.890 |
|
|
|
|
|
|
|
|
TERM LIABILITIES |
|
|
|
|
11 |
Debentures
(not maturing within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
12 |
Preference
Shares (redeemable after one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
13 |
Term
loans (excluding instalments payable within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
14 |
Deferred
Payment Credits (excl. instalments due within one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
15 |
Term
deposits (repayable after one year) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
16 |
Other term liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
17 |
Total Term Liabilities (Total of 11 to 16) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
18 |
TOTAL OUTSIDE LIABILITIES [10+17] |
26.548 |
29.294 |
32.890 |
|
|
|
|
|
|
|
|
NETWORTH |
|
|
|
|
19 |
Ordinary Share Capital |
11.320 |
13.134 |
15.042 |
|
|
|
|
|
|
|
20 |
General Reserves |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
21 |
Revolution Reserves |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
22 |
Other reserves |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
23 |
Surplus
(+) or deficit (-) in Profit & Loss Account |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
24 |
NETWORTH |
11.320 |
13.134 |
15.042 |
|
|
|
|
|
|
|
25 |
TOTAL
LIABILITIES [18+24] |
37.868 |
42.428 |
47.932 |
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
26 |
Cash
& Bank balances |
0.400 |
0.500 |
0.600 |
|
|
|
|
|
|
|
27 |
Investments [Other than long term
investments] |
|
|
|
|
|
i) Government and other trustee securities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
ii) Fixed deposits with banks |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
28 |
i) Receivables other than deferred and
exports [including Bills purchased and discounted banks] |
17.714 |
19.400 |
22.333 |
|
|
|
|
|
|
|
|
ii) Export receivable [including Bills
purchased and discounted banks] |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
29 |
Installments of deferred receivable [due
within one year] |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
30 |
Inventories |
|
|
|
|
|
(i)
Raw materials (including stores and other items in process of manufacture) |
|
|
|
|
|
(a)
Imported |
0.000 |
0.000 |
0.000 |
|
|
(b)
Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(ii)
Stock-in-process |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(iii)
Finished Goods |
17.530 |
20.560 |
23.248 |
|
|
|
|
|
|
|
|
(iv)
Other consumable stores |
|
|
|
|
|
(a)
Imported |
0.000 |
0.000 |
0.000 |
|
|
(b)
Indigenous |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
31 |
Advance
to suppliers of Raw materials & stores/spares |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
32 |
Advance
payment of taxes |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
33 |
Other
current assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
34 |
TOTAL CURRENT ASSET [Total 26 to 33] |
35.644 |
40.460 |
46.181 |
|
|
|
|
|
|
|
|
FIXED ASSETS |
|
|
|
|
35 |
Gross
Block (land & building machinery vehicles work-in-progress) |
2.037 |
1.734 |
1.478 |
|
|
|
|
|
|
|
36 |
Depreciation
to date |
|
|
|
|
|
|
0.303 |
0.256 |
0.217 |
|
37 |
NET BLOCK (35-36) |
|
|
|
|
|
|
|
|
|
|
38 |
Investments/
book debts/ advances deposits which are not current assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
i.(a)
Investments in subsidiary companies/ affiliates |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
(b)
Others |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
ii.
Advances to suppliers of capital goods and contractors |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
iii.
Deferred tax assets |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
iv.
Security deposits/ tender deposits |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
v.
Others |
0.490 |
0.490 |
0.490 |
|
|
|
|
|
|
|
39 |
Non
consumables stores & spare |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
40 |
Other
non-current assets (incl. Dues from director) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
41 |
Total other non-current assets (Total of 38
to 40) |
0.490 |
0.490 |
0.490 |
|
|
|
|
|
|
|
42 |
Intangible
assets (patents, goodwill, prelim, expenses, bad/ doubtful debts not provided
for etc.) |
|
|
|
|
|
|
|
|
|
|
43 |
TOTAL
ASSETS (Total of 34, 37, 41 & 42) |
37.868 |
42.428 |
47.932 |
|
|
|
|
|
|
|
44 |
Tangible net worth (24-42) |
1.320 |
13.134 |
15.042 |
|
|
|
|
|
|
|
45 |
Net working Capital [(17+24) - (37+41+42)]
Totally with (34-10) |
9.096 |
11.166 |
13.291 |
|
|
|
|
|
|
|
46 |
Current
Ratio [34/10] |
1.34 |
1.38 |
1.40 |
|
|
|
|
|
|
|
47 |
TOL / Networth |
2.35 |
2.23 |
2.19 |
|
|
|
|
|
|
|
|
ADDITIONAL INFORMATION |
|
|
|
|
|
A.
Arrears of depreciation |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
B.
Contingent Liabilities: |
|
|
|
|
|
(a)
Arrears of cumulative dividends |
-- |
-- |
-- |
|
|
(b)
Gratuity liability not provided for |
-- |
-- |
-- |
|
|
(c)
Disputed excise/ customs/tax liabilities |
-- |
-- |
-- |
|
|
(d)
Other liabilities not provided for |
-- |
-- |
-- |
|
|
|
|
|
|
|
|
C. TOTAL PURCHASE |
91.168 |
112.925 |
140.255 |
------------------------------------------------------------------------------------------------------------------------------
COMPARATIVE STATEMENT OF CURRENT ASSETS
& CURRENT LIABILITIES
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2016 (Projected) |
31.03.2017 (Projected) |
|
|
|
|
|
|
|
|
A. CURRENT ASSETS |
|
|
|
|
1 |
Raw
Materials [Including stores and other items used in the process of
manufacture] |
|
|
|
|
|
-
Imported |
|
|
|
|
|
Month’s
Consumption |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
-
Indigenous |
|
|
|
|
|
Month’s
Consumption |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
2 |
Other
Consumable Spares – excluding those included in above |
|
|
|
|
|
-
Imported |
|
|
|
|
|
Month’s
Consumption |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
-
Indigenous |
|
|
|
|
|
Month’s
Consumption |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
3 |
Stock in Process |
|
|
|
|
|
Months
Cost of Production |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
4 |
Finished
Goods |
17.530 |
20.560 |
23.248 |
|
|
Months
Cost of Production |
(0.238) |
(0.233) |
(0.202) |
|
|
|
|
|
|
|
5 |
Receivables
other than Exports and Deferred receivables [including bills purchased and discounted
by Bankers] |
17.714 |
19.400 |
22.333 |
|
|
Months
domestic sales excluding deferred payment sales |
(0.219) |
(0.192) |
(0.176) |
|
|
|
|
|
|
|
6 |
Export
receivables [including bills purchase and discounted] |
0.000 |
0.000 |
0.000 |
|
|
Months Export Sales |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
7 |
Advance
to Suppliers of Raw Materials & Stores, Spares and Consumables |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
8 |
Other
Current Assets including Cash and bank Balance and Deferred Receivable due
within one year [Specify major items] |
0.400 |
0.500 |
0.600 |
|
|
|
|
|
|
|
9 |
TOTAL CURRENT ASSETS (To agree with item 34 in Form III) |
35.644 |
40.460 |
46.181 |
|
|
|
|
|
|
|
|
B. CURRENT LAIBILITES (Other than bank borrowings for working
capital) |
|
|
|
|
10 |
Creditors
for purchase of Raw-materials, Stores, Spares and Consumables |
5.528 |
6.150 |
6.530 |
|
|
Month’s Purchase |
|
|
|
|
|
|
|
|
|
|
11 |
Advances
from customers |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
12 |
Statutory
Liabilities |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
13 |
Other
Current Liabilities [Specify major items] – Short term borrowings, Unsecured Loans,
dividends payable instalments of TL, DPG, Public Deposits, Debentures etc. |
10.532 |
12.611 |
15.660 |
|
|
|
|
|
|
|
14 |
TOTAL CURRENT LIABILITIES (To agree with sub-total B-Form III) |
16.548 |
19.294 |
22.89 |
------------------------------------------------------------------------------------------------------------------------------
COMPUTATION OF MAXIMUM PERMISSIBLE BANK
FINANCE FOR WORKING CAPITAL
(RS. IN MILLIONS)
|
SR. NO. |
PARTICULARS |
31.03.2015 (Provisional) |
31.03.2016 (Projected) |
31.03.2017 (Projected) |
|
|
|
|
|
|
|
1 |
Total
Current Assets |
35.644 |
40.460 |
46.181 |
|
|
|
|
|
|
|
2 |
Other
Current Liabilities [Other than Bank Borrowings |
16.548 |
19.294 |
22.890 |
|
|
|
|
|
|
|
3 |
Working
Capital Gap [WCG 1-2] |
19.096 |
21.166 |
23.291 |
|
|
|
|
|
|
|
4 |
Minimum
stipulated Net Working Capital i.e. 25% of WCG/ 25% of total Current Assets
as the |
4.774 |
5.292 |
5.823 |
|
|
case
may be depending upon the method of lending being applied [Export Receivables
to be excluded under both method] |
8.911 |
10.115 |
11.545 |
|
|
|
|
|
|
|
5 |
Actual
/ Projected Net Working Capital [45 in Form III] |
8.911 |
10.115 |
11.545 |
|
|
|
|
|
|
|
6 |
Item
3 minus Item 4 |
10.185 |
11.051 |
11.745 |
|
|
|
|
|
|
|
7 |
Item
3 minus Item 5 |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
8 |
Maximum permissible Bank finance [Item 6 or
7 whichever is lower] |
0.100 |
0.100 |
0.100 |
|
|
|
|
|
|
|
9 |
Excess
Borrowings [Representing short fall in NWC] |
0.000 |
0.000 |
0.000 |
------------------------------------------------------------------------------------------------------------------------------
VALUATION REPORT
|
GENERAL DETAILS |
|
|
|
|
|
Regarding |
Valuation of residential flat |
|
|
|
|
Name of the applicant/s |
Ms. Mohnish Anil Karnik and Mrs. Prachi Mahnish Karnik |
|
|
|
|
Name of the seller/s |
Mr. Mahesh Jaideo Dere |
|
|
|
|
Phone of the applicant/s |
91-9324699456 |
|
|
|
|
Address of the applicant/s |
Flat No. 102, 1st Floor, B Wing,
Rajshree CHS Limited, Bharat Sahar Road, Chakala, Andheri (East), Mumbai –
400099, Maharashtra India |
|
|
|
|
Address of the property |
Flat No. 102, 1st Floor, B Wing,
Rajshree CHS Limited, Bharat Sahar Road, Chakala, Andheri (East), Mumbai –
400099, Maharashtra India |
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CTS Nos. |
175, 178, 184, 185 |
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Current possession with |
Owners |
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Latitude and longitude |
Latitude – 19 12 N Longitude – 72 85 E |
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Type of property |
Residential flat |
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Requested By |
1. Manager – Bank of India, Mumbai Central Branch 2. Ms. Mohnish Anil Karnik 3. Mrs. Prachi Mahnish Karnik |
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Date of Inspection |
24.01.2015 |
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Survey of presence of |
Mrs. Prachi Mahnish Karnik |
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Date of Inspection |
As on 24.01.2015 |
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Purpose of valuation |
To ascertain fair market value of property |
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Location |
Bharat Sahar Road, Chakala, Andheri (East), Mumbai
– 400099, Maharashtra India |
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Type of locality |
Residential |
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Class |
Middle class |
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Nearest station |
Andheri |
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Distance form station |
About 3.5 Kms |
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Civil amenities |
Available near by |
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Landmark |
Near Bombay Cambridge School |
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BUILDING DETAILS |
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Type of land |
Non-Agricultural |
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Plot Boundaries |
East - 'C' Wing of Rajshree Society West - 'A' Wing of Rajshree Society North - Prathmesh Building South - Bombay Cambridge School |
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Type of occupation – Ownership/ Tenanted |
Ownership |
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Type of Structure |
RCC frame + Brickwall partitions |
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No. of Floors in Bldg |
G + 4 Upper floors |
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No. of Lifts |
Nil |
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Flat Details |
Bedroom – 1 Hall – 1 Kitchen - 1 Toilet – 1 Bath – 1 |
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Floor (This Property) |
1st Floor |
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Type of flat |
1 BHK |
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Saleable Area |
540 Sq. Ft (build up area as per agreement) |
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Built Up Area |
499 Sq. Ft |
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Carpet Area |
416 Sq. Ft (Physical measurement taken) |
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Completeness of project |
Complete |
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Exterior |
Distemper Paint |
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Interior |
Flooring:-.Vitrified flooring in all rooms. Kitchen: - Granite platform with full wall tiles. Windows: - Powder coated aluminum sliding windows. Doors: - Plywood flush doors. W.C.:- European type W.C. with full wall tiles. Bath: - Spartex flooring with full wall tiles. Paint :- Acrylic Paint |
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Quality of construction |
Good |
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Under Construction |
No |
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Complete |
Yes |
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Age of the Property |
About 30 years |
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Estimated residual/future/balance life |
About 30 years with proper & Preventive maintenance |
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Ind. Bldg / Complex Off |
Complex |
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Separate compound wall |
Yes |
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Garden |
No |
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Paving around the building |
Chequered tiles |
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Car parking |
Open space for car parking |
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Maintenance – first impression |
Good |
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Plans approved by |
MCGB |
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Society Registration No. |
BOM (W-KE) /HSG/TC/10486/YEAR-1999-2000/1999 |
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Property Tax |
Details not available |
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Water availability |
Municipal Water |
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Compliance to sanctioned plans |
Sanctioned plans not made available; hence this is cannot be ascertained |
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Valuation Methods |
Composite rate method |
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Valuation |
The market value obtained in this report is defined as follows: Market value is the estimated amount for which an asset should exchange on the date of valuation between a willing buyer and a willing seller is an arm’s length transaction after proper marketing wherein the parties has each acts knowledgeably and without compulsion (As denied by the International Valuation Standards Committee, London). Thus, the characteristic of the market value are: a. It is a free will sale. b. It is an estimated amount and not a predetermined or an actual sale price c. It is time-specific as on the given date. d. It depends on purpose of valuation. e. Buyer and seller actuated nu business principle they are unrelated and ae acting independently. f. Assets would be exposed to the market in the most appropriate manner to effect its disposal at the best price possible. |
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Remarks if any |
Nil |
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Current fair market rate |
Rs.0.016 Million per Sq. Ft for build-up area |
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Current fair market value |
540 Sq. Ft * Rs.0.016 Million = Rs.8.910 Millions |
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Realizable Value |
The value realizable by the back is generally less than the market value because of various factors such as mode of payment (strictly by cheque). Limitations of effective marketing, costs involved in the process of the sale etc. the percentage variation between RV and MV depends on various factors such as urban or rural property, user and location of the property etc. in our opinion, considering these aspects 10% reduction will be appropriate. We are therefore, discounting 10% in the fair market value. |
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Realizable Value |
90% * Rs.8.910 Millions = Rs8.019 Millions |
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Distress sales value |
It means the amount which may reasonably be expected to be obtained from the sales of a property in which one of more characteristics of the definition of market value is not buyer may be motivated by the knowledge of the disadvantage the above value by 20% |
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Distress sales value |
80% * Rs.8.910 Millions = Rs.7.128 Millions |
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Basic for recommended rate |
Location, quality of construction, residual
life of the building, supply, demand, local enquiries, market feed, back of
investigation etc. |
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Suggested sun assured for fire insurance
cover (Replacement Cost) |
The fire insurance needs to be purchased on
“Replacement” or Reinstatement basis”. It means one can be get” New of old”
property destroyed by fire, earthquake etc. land components has to be
deducted from total value and only cost of new construction has to be
considered in deciding the sum insured i.e. Rs.1.100 Millions |
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Government value |
Rs.0.014 Million per Sq. Ft for build-up area Rs.7.454 Millions (Year 2015) |
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Reason for devotions if any |
Registrar’s rated are for normal properties and
they do not considered amenities, location, vastu-shastra compliance
proximity to a temple, a school and collage etc. |
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Special features that add to value |
Nil |
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Agreement |
Date: 21.02.2002 Amount: Rs.1.125 Millions |
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Document seen |
Agreement copy |
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Registration Date |
Date: 21.02.2002 |
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Registration No. |
1034-2002 with the officer of sub registrar
Bandra |
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Village |
Chakal |
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Registrar value |
Rs.0.884 Millions (Year 2002) |
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Receipts No. |
163 |
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Agreement between |
Purchaser : Ms. Mohnish Anil Karnik Mrs. Prachi Mahnish Karnik Seller Mr. Mahesh Jaideo Dere |
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Any negative features |
Nil |
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.62.43 |
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1 |
Rs.95.02 |
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Euro |
1 |
Rs.70.63 |
INFORMATION DETAILS
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Information
Gathered by : |
SVA |
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Analysis Done by
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KAR |
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Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL
CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILITY |
1~10 |
5 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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DEFAULTER |
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--RBI |
YES/NO |
NO |
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--EPF |
YES/NO |
NO |
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TOTAL |
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46 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.