MIRA
INFORM REPORT
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Report No. : |
308615 |
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Report Date : |
20.02.2015 |
IDENTIFICATION DETAILS
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Name : |
SAFEFLEX INTERNATIONAL LIMITED |
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Registered
Office : |
15, Jaijawan Scheme No.1, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
20.03.2006 |
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Com. Reg. No.: |
17- 022242 |
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Capital
Investment / Paid-up Capital : |
Rs. 26.810 Millions |
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CIN No.: [Company Identification
No.] |
U25151RJ2006PLC022242 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
JPRS07103F |
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PAN No.: [Permanent Account No.] |
AAJCS7201D |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
The Company is engaged in the business of manufacturing of PP Bags and quality bulk bags. |
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No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1001000
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. As per ROC the date of balance sheet (i.e., financial filed) is shown as
31-03-14 but the documents related to the financial for the year 2014 are not
available from any sources. As per the available financial of 2013, general financial position of
the company seems to be normal and acceptable for business dealings. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
ICRA |
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Rating |
Term Loan (BBB) |
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Rating Explanation |
Moderate degree of safety. It carry moderate credit risk. |
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Date |
August 2014 |
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Rating Agency Name |
ICRA |
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Rating |
Short Term (A3) |
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Rating Explanation |
Moderate degree of safety. It carry Higher credit risk. |
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Date |
August 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 : |
Mr. Lokesh Jain |
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Designation : |
Vice President - Accounts And Finance |
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Contact No.: |
91-8602007361 |
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Date : |
17.02.2015 |
LOCATIONS
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Registered Office : |
15, Jaijawan Scheme No.1, Tonk Road, Jaipur - 302015, Rajasthan, India
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Tel. No.: |
Not Available |
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Mobile No.: |
91-8602007361 (Mr. Lokesh Jain) |
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Fax No.: |
Not Available |
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E-Mail : |
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Website : |
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Corporate Office /
Factory : |
F6-10, Sez Phase I, Sector 3, Pithampur, Dhar – 454775, Madhya Pradesh, India |
DIRECTORS
As on 30.09.2014
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Name : |
Agrawal Sunita |
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Designation : |
Director |
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Address : |
77, Ashish Nagar, Kanadia Road, Indore, Indore – 452016, Madhya
Pradesh, India |
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Date of Birth/Age : |
06.07.1967 |
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Date of Appointment : |
20.03.2006 |
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DIN No.: |
00012414 |
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Other Directorship:
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Name : |
Agrawal Akhilesh |
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Designation : |
Director |
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Address : |
15, Jaijawan Colony, Scheme No.1 Tonk Road, Jaipur, Jaipur – 302015,
Rajasthan, India |
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Date of Birth/Age : |
18.10.1959 |
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Date of Appointment : |
20.03.2006 |
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DIN No.: |
01970540 |
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Other Directorship:
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Name : |
Lalit Kumar Agrawal |
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Designation : |
Director |
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Address : |
3/204, Jawahar Nagar, Jaipur, Jaipur – 302004, Rajasthan. |
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Date of Birth/Age : |
10.06.1946 |
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Date of Appointment : |
20.03.2006 |
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DIN No.: |
01970578 |
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Other Directorship:
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KEY EXECUTIVE
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Name : |
Mr. Lokesh Jain |
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Designation : |
Vice President - Accounts And Finance |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
SHAREHOLDERS FILE DETAILS ARE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
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Bodies corporate |
29.04 |
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Directors or relatives of Directors |
70.96 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company is engaged in the business of manufacturing of PP Bags and quality bulk bags. |
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Products : |
Duranet Agro Line ·
Shade Nets ·
Bird Net ·
Hail Nets ·
Wind Breaker Nets ·
Rascal Bags Duranet Deco Line ·
Shade Nets ·
Outdoor Carpets ·
Dura Sails (Domestic Use) ·
Construction Nets ·
Fencing Nets |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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 declined by the management. |
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Bankers : |
· Axis Bank, SME-Center, 2nd Floor, Kamal Palace, 1 Yashwant Colony, Y.N. Road,, Indore - 452003, Madhya Pradesh, India · Pujab National Bank, Sitla Mata Bazar, Indore - 452002, Madhya Pradesh, India |
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Facilities : |
Note : FOR UNIT- 1 (SEZ UNIT) Cash Credit with EPC Limit from Axis Bank Limited, Y.N.Road Branch, Indore is secured by exclusive first charge on entire current assets (present & future) of the company at SEZ unit situated at Plot No. F-6 to F-10, Industrial Area, Sector-III, Pithampur Dist.- Dhar and second charge on the entire fixed assets of the company (present & future) on the SEZ unit situated at Plot No. F-6 to F-10, Industrial Area, Sector-III, Pithampur Dist. and secured by personal guarantee of the Directors and second parri passu charge by way of Pledge of two Fixed Deposits total amounting Rs. 7.096 Millions made in the name of the company. FOR UNIT- 2 (DTA UNIT) Cash Credit with EPC Limit from State Bank of India, Commercial Branch, Indore is secured by exclusive first charge on entire current assets (present & future) of the company at DTA unit situated at Plot No. 808G & 808-H, Sector-III, Industrial Area, Sector-III, Pithampur and second charge on the entire fixed assets of the company (present & future) at DTA unit situated at Plot No. 808G & 808-H, Sector-III, Industrial Area, Sector-III, Pithampur and secured by personal guarantee of the Directors and second parri passu charge by way of Pledge of two Fixed Deposits total amounting Rs. 7.096 Millions made in the name of the company. |
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Financial Institution : |
Madhya Pradesh Financial Corporation, Capital Market Division, Navratan Bagh, Indore - 452001, Madhya Pradesh, India |
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Auditors : |
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Name : |
R. C. Siroya and Company Chartered Accountants |
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Address : |
303, Blue Diamond, 17-18, Diamond Colony, Indore – 452001, Madhya
Pradesh, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AGTPS5671G |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Related Party : |
Mewad Polymers Private Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
2,802,000 |
Equity Shares |
Rs.10/- each |
Rs.28.020
Millions |
|
142000 |
Less : Equity Shares (Partly Paid Up) |
Rs.5/- each |
Rs.0.710
Million |
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Total |
|
Rs.27.310 Millions |
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
2,610,000 |
Equity Shares |
Rs.10/- each |
Rs.26.100
Millions |
|
142000 |
Add : Equity Shares (Partly Paid Up) |
Rs.5/- each |
Rs.0.710
Million |
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Total |
|
Rs.26.810 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
26.810 |
26.810 |
26.010 |
|
(b) Reserves &
Surplus |
313.496 |
273.261 |
163.074 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application
money pending allotment |
10.000 |
0.000 |
0.000 |
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Total Shareholders’ Funds
(1) + (2) |
350.306 |
300.071 |
189.084 |
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(3) Non-Current
Liabilities |
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(a) long-term borrowings |
288.127 |
59.661 |
75.437 |
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(b) Deferred tax
liabilities (Net) |
28.120 |
8.947 |
11.855 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
316.247 |
68.608 |
87.292 |
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(4) Current Liabilities |
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(a) Short term borrowings |
155.228 |
67.962 |
55.874 |
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(b) Trade payables |
42.833 |
30.939 |
18.244 |
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(c) Other current
liabilities |
112.567 |
31.418 |
23.225 |
|
(d) Short-term provisions |
20.764 |
3.314 |
4.923 |
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Total Current Liabilities
(4) |
331.392 |
133.633 |
102.266 |
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TOTAL |
997.945 |
502.312 |
378.642 |
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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 |
585.419 |
206.178 |
209.437 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
15.026 |
46.625 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
22.887 |
40.610 |
15.416 |
|
(e) Other Non-current
assets |
3.289 |
6.003 |
0.867 |
|
Total Non-Current Assets |
626.621 |
299.416 |
225.720 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
166.364 |
94.425 |
81.211 |
|
(c) Trade receivables |
125.908 |
67.693 |
59.635 |
|
(d) Cash and cash
equivalents |
11.166 |
8.889 |
5.076 |
|
(e) Short-term loans and
advances |
4.599 |
2.670 |
2.311 |
|
(f) Other current assets |
63.287 |
29.219 |
4.689 |
|
Total Current Assets |
371.324 |
202.896 |
152.922 |
|
|
|
|
|
|
TOTAL |
997.945 |
502.312 |
378.642 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Income |
605.838 |
517.173 |
421.453 |
|
|
Other Income |
1.495 |
0.484 |
0.508 |
|
|
TOTAL (A) |
607.333 |
517.657 |
421.961 |
|
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Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
341.661 |
296.543 |
238.540 |
|
|
Purchases of
Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(26.031) |
(2.049) |
(14.061) |
|
|
Employees benefits
expense |
43.137 |
26.322 |
27.518 |
|
|
Other expenses |
117.069 |
105.906 |
84.473 |
|
|
TOTAL (B) |
475.836 |
426.722 |
336.470 |
|
|
|
|
|
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|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION (C) |
131.497 |
90.935 |
85.491 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
37.017 |
11.733 |
16.362 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
94.480 |
79.202 |
69.129 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION
(F) |
20.193 |
10.816 |
10.316 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX (E-F) (G) |
74.287 |
68.386 |
58.813 |
|
|
|
|
|
|
|
Less |
TAX (H) |
34.053 |
(2.601) |
4.435 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
(G-H) (I) |
40.234 |
70.987 |
54.378 |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE BROUGHT FORWARD |
273.261 |
202.274 |
NA |
|
|
|
|
|
|
|
|
Balance Carried to the B/S |
313.495 |
273.261 |
202.274 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
NA |
475.167 |
357.236 |
|
|
TOTAL EARNINGS |
NA |
475.167 |
357.236 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
0.000 |
16.713 |
42.098 |
|
|
TOTAL IMPORTS |
0.000 |
16.713 |
42.098 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
15.41 |
27.29 |
20.91 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.64 |
13.73 |
12.90 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
21.70 |
17.58 |
20.28 |
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|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.56 |
15.01 |
15.53 |
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|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.23 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.27 |
0.43 |
0.69 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.52 |
1.50 |
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 |
26.010 |
26.810 |
26.810 |
|
Reserves & Surplus |
163.074 |
273.261 |
313.496 |
|
Share Application money pending allotment |
0.000 |
0.000 |
10.000 |
|
Net worth |
189.084 |
300.071 |
350.306 |
|
|
|
|
|
|
long-term borrowings |
75.437 |
59.661 |
288.127 |
|
Short term borrowings |
55.874 |
67.962 |
155.228 |
|
Total borrowings |
131.311 |
127.623 |
443.355 |
|
Debt/Equity ratio |
0.694 |
0.425 |
1.266 |
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 |
421.453 |
517.173 |
605.838 |
|
|
|
22.712 |
17.144 |
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 |
421.453 |
517.173 |
605.838 |
|
Profit |
54.378 |
70.987 |
40.234 |
|
|
12.90% |
13.73% |
6.64% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
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 |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Inter Corporate Deposits |
6.836 |
1.500 |
|
From Director, Shareholder & Relatives |
15.325 |
3.500 |
|
Total |
22.161 |
5.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10409682 |
19/02/2013 |
40,000,000.00 |
MADHYA PRADESH FINANCIAL
CORPORATION |
CAPITAL MARKET DIVISION,
NAVRATAN BAGH, INDORE, M |
B69896546 |
|
2 |
10335363 |
25/02/2014 * |
286,100,000.00 |
STATE BANK OF INDIA |
STATE BANK OF INDIA,
COMMERCIAL BRANCH A B ROAD,N |
C03318219 |
|
3 |
10336742 |
25/01/2012 |
100,000,000.00 |
MADHYA PRADESH FINACIAL
CORPORATION |
CAPITAL MARKET DIVISION,
NAVRATAN BAGH, INDORE, M |
B32628109 |
|
4 |
10286046 |
12/02/2014 * |
267,800,000.00 |
AXIS BANK LIMITED |
AXIS BANK LIMITED, SME
Center, 2nd Floor1 Yashwan |
C03322666 |
|
5 |
10158949 |
04/06/2014 * |
747,000,000.00 |
MADHYA PRADESH FINANCIAL
CORPORATION |
CAPITAL MARKET DIVISION,
NAVRATAN BAGH, INDORE, M |
C09229188 |
|
6 |
10050143 |
21/03/2007 * |
40,000,000.00 |
MADHYA PRADESH FINANCE
CORPORATION |
FINANCE HOUSE,, A.B. ROAD,,
INDORE, Madhya Prades |
A11598190 |
FIXED ASSETS
Tangible Assets
Own Assets
·
Leasehold Land
·
Building
·
Plant and Equipments
·
Electrical Fittings
·
Office Equipments
·
Vehicles
·
Computer
Intangible Assets
Others (Specify Nature)
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.62.25 |
|
|
1 |
Rs.95.57 |
|
Euro |
1 |
Rs.71.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis done
by: |
DIV |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
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.