MIRA INFORM REPORT
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Report No. : |
309350 |
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Report Date : |
24.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
AGRIMAS CHEMICALS LIMITED (w.e.f. 15.11.1994) |
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Formerly Known
As : |
AGRIMAS CHEMICALS PRIVATE LIMITED |
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Registered
Office : |
H2, MIDC Industrial Estate, Taloja, District Raigad - 410208,
Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
03.07.1973 |
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Com. Reg. No.: |
11-016649 |
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Capital
Investment / Paid-up Capital : |
Rs.72.286 Millions |
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CIN No.: [Company Identification
No.] |
L99999MH1973PLC016649 |
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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.] |
MUMA21866F |
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PAN No.: [Permanent Account No.] |
AACCA4657L |
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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
: |
The company is engaged in the Manufacturing and Trading in Pesticides and Insecticides and fertilizers and Job Work carried for refilling of Pesticides. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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. The rating takers into consideration long track record of the
promoters in the agrochemicals business supported by sound financial base and
fair profitability margins of the company.
Trade relations are fair. Business is active. Payment terms are reported
to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. Note:
Company’s share are not traded on BSE in last 30 days. |
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 |
ICRA |
|
Rating |
Fund Based Long Term Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
July 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Non Fund Based Short Term Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
July 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. Kundu |
|
Designation : |
Assistant General Manager Finance |
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Contact No.: |
91-11-49985500 |
|
Date : |
23.02.2015 |
LOCATIONS
|
Registered Office : |
H2, MIDC Industrial Estate, Taloja, District Raigad - 410208,
Maharashtra, India |
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Tel. No.: |
91-22-27412365 / 27410206 |
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Fax No.: |
91-22-27411146 |
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E-Mail : |
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Website : |
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Factory : |
Taloja, District Raigad, Maharashtra, India |
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Branch Office : |
No.42, Community Centre, Zamrudpur, Kailash Colony Extension, New
Delhi-110048, India |
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Tel. No.: |
91-11-51630159 / 60 / 61 / 52 |
DIRECTORS
As on 27.09.2014
|
Name : |
Mr. Gnanamuthu Lamech Paul |
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Designation : |
Managing Director |
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Address : |
Flat No.15, Arabi D – Block Tarangini Apartments, Mogappair, Chennai –
600058, Tamilnadu, India |
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Date of Birth/Age : |
30.10.1938 |
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Date of Appointment : |
30.09.2008 |
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DIN No.: |
01232720 |
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Name : |
Ms. Vanessa Keishing |
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Designation : |
Director |
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Address : |
Lamlongei Mantripukhri Imphal (East), Imphal – 795002, Manipur, India |
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Date of Birth/Age : |
16.11.1976 |
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Date of Appointment : |
27.06.2005 |
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DIN No.: |
01287959 |
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Name : |
Mr. Raj Kumar Goyal |
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Designation : |
Director |
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Address : |
Flat Number 204 Karnak Tower, OMA# Nile Sohna Road, Gurgaon – 122001, Haryana, India |
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Date of Birth/Age : |
07.08.1968 |
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Date of Appointment : |
01.07.2011 |
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DIN No.: |
03565058 |
KEY EXECUTIVES
|
Name : |
Mr. Swapnil Yelogaonkay |
|
Designation : |
Secretary |
|
Address : |
357, Somwar Peth, Near Shridhar Press, Karad – 415110, Maharashtra,
India |
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Date of Birth/Age : |
02.05.1985 |
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Date of Appointment : |
04.09.2014 |
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PAN No.: |
ABXPY4304P |
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Name : |
Mr. Kundu |
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Designation : |
Assistant General Manager Finance |
MAJOR SHAREHOLDERS
As on 27.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 27.09.2014
|
Category |
Percentage |
|
Nationalized or other banks |
1.36 |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
0.57 |
|
Bodies corporate |
27.22 |
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Other top fifty shareholders |
67.30 |
|
Others |
3.55 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the Manufacturing and Trading in Pesticides and Insecticides and fertilizers and Job Work carried for refilling of Pesticides. |
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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 : |
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Facilities : |
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Auditors : |
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Name : |
Mandhania and Associates Chartered Accountants |
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Address : |
6-A, PIL Court, 6th Floor, 111, Maharshi Karve Road,
Churchgate, Mumbai – 400020, Maharashtra, India |
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Tel. No.: |
91-22-22090365 / 22078214 / 22078215 |
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Fax No.: |
91-22-22092673 |
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E-Mail : |
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PAN No.: |
AAAFM1924H |
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Memberships : |
-- |
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Collaborators : |
-- |
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Enterprises over which any person described
in exercise significant influence : |
CIN No.: U74899UP1998PTC064041
CIN No.: U24240TN1973PTC006480
CIN No.: U74899DL2000PTC103588
CIN No.: U31908DL2007PTC162361
CIN No.: U01135GJ1982PTC005109
|
CAPITAL STRUCTURE
As on 27.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
11050000 |
Equity Shares |
Rs.10/- each |
Rs.110.500 Millions |
|
|
Less: Calls in Arrears |
|
Rs.38.214
Millions |
|
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Total |
|
Rs.72.286 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
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(a) Share Capital |
72.286 |
72.286 |
72.286 |
|
(b) Reserves & Surplus |
119.037 |
95.338 |
93.693 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
191.323 |
167.624 |
165.979 |
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(3)
Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
2.111 |
1.074 |
4.034 |
|
(b) Deferred tax liabilities (Net) |
3.031 |
3.046 |
2.709 |
|
(c) Other long term
liabilities |
24.713 |
22.130 |
22.490 |
|
(d) long-term
provisions |
5.384 |
3.205 |
2.830 |
|
Total Non-current
Liabilities (3) |
35.239 |
29.455 |
32.063 |
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(4)
Current Liabilities |
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|
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(a) Short
term borrowings |
205.725 |
214.839 |
107.045 |
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(b) Trade
payables |
221.022 |
176.494 |
127.390 |
|
(c) Other
current liabilities |
66.993 |
52.611 |
62.888 |
|
(d) Short-term
provisions |
13.809 |
0.580 |
6.923 |
|
Total Current
Liabilities (4) |
507.549 |
444.524 |
304.246 |
|
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TOTAL |
734.111 |
641.603 |
502.288 |
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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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|
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(i)
Tangible assets |
55.266 |
51.820 |
55.080 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.913 |
2.913 |
2.913 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
18.831 |
18.831 |
18.831 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
47.577 |
45.930 |
68.164 |
|
(e) Other
Non-current assets |
8.081 |
8.081 |
8.078 |
|
Total Non-Current
Assets |
132.668 |
127.575 |
153.066 |
|
|
|
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(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
262.891 |
262.524 |
173.050 |
|
(c) Trade
receivables |
303.969 |
217.153 |
153.145 |
|
(d) Cash
and cash equivalents |
11.724 |
14.008 |
12.183 |
|
(e)
Short-term loans and advances |
22.510 |
20.018 |
10.762 |
|
(f) Other
current assets |
0.349 |
0.325 |
0.082 |
|
Total
Current Assets |
601.443 |
514.028 |
349.222 |
|
|
|
|
|
|
TOTAL |
734.111 |
641.603 |
502.288 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
||
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SALES |
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||
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|
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Income |
1,261.850 |
965.169 |
1,126.683 |
|
|
|
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Other Income |
11.632 |
5.202 |
3.744 |
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|
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TOTAL (A) |
1,273.482 |
970.371 |
1,130.427 |
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||
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Less |
EXPENSES |
|
|
|
||
|
|
|
Cost of Materials Consumed |
733.191 |
501.675 |
596.222 |
|
|
|
|
Purchase of Stock-in-trade |
215.063 |
276.119 |
320.672 |
|
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|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
20.702 |
(40.971) |
(7.181) |
|
|
|
|
Employee Benefits Expenses |
76.360 |
56.573 |
58.216 |
|
|
|
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Other Expenses |
156.217 |
147.703 |
122.809 |
|
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|
|
TOTAL (B) |
1,201.533 |
941.099 |
1,090.738 |
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||
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|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
71.949 |
29.272 |
39.689 |
||
|
|
|
|
|
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||
|
Less |
FINANCIAL
EXPENSES (D) |
28.314 |
21.883 |
12.012 |
||
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|
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|
|
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||
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
43.635 |
7.389 |
27.677 |
||
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|
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||
|
Less |
DEPRECIATION/
AMORTISATION (F) |
4.452 |
4.136 |
3.571 |
||
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||
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|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
39.183 |
3.253 |
24.106 |
||
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|
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||
|
Less |
TAX (H) |
15.485 |
1.607 |
8.885 |
||
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||
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|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
23.698 |
1.646 |
15.221 |
||
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IMPORTS |
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Raw Materials |
36.436 |
28.251 |
NA |
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|
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Stores & Spares |
18.135 |
43.685 |
NA |
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TOTAL IMPORTS |
54.571 |
71.936 |
NA |
||
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||
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|
Earnings /
(Loss) Per Share (Rs.) |
3.28 |
0.23 |
2.11 |
||
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.88 |
0.17 |
1.35 |
|
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|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.70 |
3.03 |
3.52 |
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|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.50 |
0.52 |
5.02 |
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|
Return on Investment (ROI) (PBT/Networth) |
|
0.20 |
0.02 |
0.15 |
|
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|
Debt Equity Ratio (Total Debt /Networth) |
|
1.09 |
1.29 |
0.67 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.16 |
1.15 |
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 |
72.286 |
72.286 |
72.286 |
|
Reserves & Surplus |
93.693 |
95.338 |
119.037 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
165.979 |
167.624 |
191.323 |
|
|
|
|
|
|
Long Term borrowings |
4.034 |
1.074 |
2.111 |
|
Short Term borrowings |
107.045 |
214.839 |
205.725 |
|
Total
borrowings |
111.079 |
215.913 |
207.836 |
|
Debt/Equity
ratio |
0.669 |
1.288 |
1.086 |
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 |
1,126.683 |
965.169 |
1,261.850 |
|
|
|
(14.335) |
30.739 |
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
|
1,126.683 |
965.169 |
1,261.850 |
|
Profit |
15.221 |
1.646 |
23.698 |
|
|
1.35% |
0.17% |
1.88% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
1.673 |
2.960 |
3.603 |
|
Total |
1.673 |
2.960 |
3.603 |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
CORPORATE
INFORMATION
The company is a public company domiciled in India and incorporated under the provisions of the Companies Act, 1956. The company is engaged in the Manufacturing / Trading in Pesticides & Insecticides and fertilizers and Job Work carried for refilling of Pesticides.
VISION
- To emerge as a strong niche player in agro-input industry in India through quality products and self-motivated teams.
- To become an environment friendly green company through our selection of products and manufacturing processes.
COMPANYS MISSION
- Continued induction of business partners
- Challenging and vibrant work environment.
- Passion to induct talented manpower, train to excel leading to continued satisfaction.
OPERATIONAL
REVIEW
The Company recorded total net sales & other income of Rs.1273.400 Millions for the Financial Year ended 31st March, 2014 as against Rs.970.370 Millions achieved during the Previous Financial Year.
The Net Profit before tax (PBT) of the Company is Rs.39.183 Millions as compared to previous year figures of Rs.3.252 Millions.
CURRENT
PERFORMANCE
- Subject has appointed 17 C&F agents & 2100 distributors. It would be worth mentioning to note that now the company has its presence in 14 states.
- The company has been associated with Chambal Fertilisers and Chemicals Limited, Rallies India Limited and Sumitomo Chemicals, and now added few more new renowned Corporates like Crystal, GPS Corp, SMC and BR Agro Tech in its customer base.
- The company has planned to improve its efficiency by introducing Standard Operation Procedures (SOP). In SOP steps are developed to complete a task in a consistent manner. Using such steps result obtained from the process repeat itself regardless of who is performing the task. The company plans to controls costs and achieve quality standard for its products by applying SOP in its organisation.
- Further, the company has tied up with Deloitte Touche Tohmatsu Limited to give consultancy on improvement of distributors channel management.
- The Company has appointed Pricewaterhousecooper to check and give consultancy to adhere all the concerning laws related to Indirect tax, Excise, Customs, VAT and Service tax.
- These all steps taken by the company will help it in achieving better results both top line and bottom line in the next financial year.
They are hopeful of delivering a fairly good and satisfying performance to our shareholders
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10274158 |
02/06/2012 * |
270,000,000.00 |
State Bank of Mysore |
Sushant Lok, Central Point, A-Block, Sushant Lok Phase-1, Gurgaon, Haryana - 122001, India |
B40844607 |
*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.62.18 |
|
|
1 |
Rs.95.71 |
|
Euro |
1 |
Rs.70.76 |
INFORMATION DETAILS
|
Information Gathered
by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
45 |
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.