MIRA INFORM REPORT
|
Report No. : |
310169 |
|
Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAANIKA INDUSTRIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Block No.1053, Village Tadkeshwar, Mandvi-394160, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.02.2006 |
|
|
|
|
Com. Reg. No.: |
04-047710 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 19.848 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17110GJ2006PTC047710 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS06375F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCS6782P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Polyester Texturise Yarn (PDTY) |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 700000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established private limited liability company having
moderate track record. As per available financials of 2013-14 the firm has reported low
profitability. Trade relations seem to be fair. Business is active. Payments are reported
to be slow but correct. The company can be considered for business dealings with some
caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
LOCATIONS
|
Registered Office / Factory: |
Block No.1053, Village Tadkeshwar, Mandvi-394160, |
|
Tel. No.: |
91-261-2463121 / 22 / 23 / 24 |
|
Fax No.: |
91-261-2463178 |
|
E-Mail : |
|
|
Area : |
2600 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Head Office : |
B-403-404, International Trade Centre, Majura Gate, Ring Road,
Surat-395003, Gujarat, India |
|
Tel. No.: |
91-261-2463121 / 2463122 / 2463121 |
|
Fax No.: |
91-261-2463178 |
|
E-Mail : |
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Omprakash Bholaram Agarwal |
|
Designation : |
Director |
|
Address : |
4-C, Sagar Apartment, Somnath Mahadev Mandir Road, Parle Point,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
06.11.1944 |
|
Date of Appointment : |
10.02.2006 |
|
PAN No.: |
ACXPA2866K |
|
DIN No.: |
00051971 |
|
PAN No.: |
ACXPA2866K |
|
Name : |
Mr. Sumit Omprakash Agarwal |
|
Designation : |
Director |
|
Address : |
4-C, Sagar Apartment, Somnath Mahadev Mandir Road, Parle Point,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
01.07.1974 |
|
Date of Appointment : |
01.11.2007 |
|
DIN No.: |
00051989 |
|
PAN No.: |
ABNPA7022N |
|
Name : |
Mr. Sanjay Kumar Om Prakash |
|
Designation : |
Whole-time Director |
|
Address : |
4-C, Sagar Apartment, Somnath Mahadev Mandir Road, Parle Point,
Surat-395007, Gujarat, India |
|
Date of Birth/Age : |
05.02.1968 |
|
Date of Appointment : |
01.01.2014 |
|
DIN No.: |
06778165 |
|
PAN No.: |
ABNPA7024L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
No. of Shares |
|
Om Prakash Agarwal |
147000 |
|
Om Prakash Agarwal HUF |
102500 |
|
Sarvesh Polyester Private Limited, India |
166500 |
|
Godavari devi Agarwal |
120000 |
|
Shalu Agarwal |
167500 |
|
Sumit Agarwal |
60000 |
|
Vineet Fibres Private Limited, India |
120000 |
|
Vineet Texto-Twist Private Limited, India |
172500 |
|
Jignesh Shah |
10000 |
|
Ken Securities Limited, India |
37500 |
|
Vax Housing Finance Corporation Limited, India |
37500 |
|
Vineet Synthetics Private Limited, India |
196000 |
|
Srishti Synthetics Private Limited, India |
175000 |
|
Sarthak Traders Private Limited, India |
25000 |
|
Shashi Devi Jalan |
25000 |
|
Rajesh Kumar Agarwal |
20000 |
|
Ramesh Agarwal |
35000 |
|
Evergreen Tradecom Private Limited, India |
25000 |
|
Destination Merchants Private Limited, India |
50000 |
|
Sumit Agarwala |
119000 |
|
Sulochna Gupta |
100 |
|
Binod Kumar Jasrasariya |
100 |
|
Sadashukh Dealer Private Limited, India |
50000 |
|
Cap Vanijya Private Limited, India |
30000 |
|
Newjet Trexim Private Limited, India |
30000 |
|
Samarth Agarwal |
63550 |
|
TOTAL
|
1984750 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
56.18 |
|
Directors or relatives of Directors |
42.05 |
|
Other top fifty shareholders |
1.77 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Polyester Texturise Yarn (PDTY) |
|
|
|
|
Products : |
Polyester Texturise Yarn (PDTY) |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
Not Available |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
Bank of Baroda, Mandarwaja Branch, Near Kinnary Cinema, Ring Road
Branch, Surat-395002, Gujarat, India |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
L P Nahata And Company Chartered Accountant |
|
Address : |
424, Ajanata Shopping Center, Ring Road, Surat-395002, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AANPN0582H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key management personnel and their relatives: |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2150000 |
Equity Shares |
Rs.10/- each |
Rs. 21.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1984750 |
Equity Shares |
Rs.10/- each |
Rs. 19.848
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
19.848 |
19.848 |
19.848 |
|
(b) Reserves & Surplus |
228.019 |
203.722 |
175.149 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
247.867 |
223.570 |
194.997 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
138.550 |
163.558 |
163.897 |
|
(b) Deferred tax liabilities
(Net) |
0.763 |
0.763 |
0.763 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
27.073 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
139.313 |
164.321 |
191.733 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
446.663 |
271.048 |
258.452 |
|
(b) Trade payables |
50.038 |
16.682 |
26.227 |
|
(c) Other current liabilities |
119.935 |
103.207 |
114.733 |
|
(d) Short-term provisions |
5.600 |
0.082 |
8.307 |
|
Total
Current Liabilities (4) |
622.236 |
391.019 |
407.719 |
|
|
|
|
|
|
TOTAL |
1009.416 |
778.910 |
794.449 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
177.067 |
200.002 |
230.876 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.327 |
6.327 |
6.327 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
183.394 |
206.329 |
237.203 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
262.330 |
207.836 |
195.074 |
|
(c) Trade receivables |
306.763 |
179.764 |
181.792 |
|
(d) Cash and cash equivalents |
1.656 |
8.223 |
19.295 |
|
(e) Short-term loans and
advances |
255.273 |
175.767 |
161.085 |
|
(f) Other current assets |
0.000 |
0.991 |
0.000 |
|
Total
Current Assets |
826.022 |
572.581 |
557.246 |
|
|
|
|
|
|
TOTAL |
1009.416 |
778.910 |
794.449 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
2850.045 |
2345.240 |
2391.791 |
|
|
Other Income |
21.157 |
35.616 |
17.548 |
|
|
TOTAL |
2871.202 |
2380.856 |
2409.339 |
|
|
|
|
|
|
|
Less |
EXPENSES |
2798.877 |
2306.174 |
2307.358 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
72.325 |
74.682 |
101.981 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
33.313 |
38.773 |
38.330 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
39.012 |
35.909 |
63.651 |
|
|
|
|
|
|
|
Less |
TAX |
14.715 |
7.336 |
16.812 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
24.297 |
28.573 |
46.839 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
60.320 |
61.747 |
34.908 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
60.000 |
30.000 |
20.000 |
|
|
Balance
Carried to the B/S |
24.617 |
60.320 |
61.747 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
12.24 |
14.40 |
23.60 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.85 |
1.22 |
1.96 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
2.54 |
3.18 |
4.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.86 |
4.61 |
8.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.16 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.36 |
1.94 |
2.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.46 |
1.37 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
19.848 |
19.848 |
19.848 |
|
Reserves & Surplus |
175.149 |
203.722 |
228.019 |
|
Net
worth |
194.997 |
223.570 |
247.867 |
|
|
|
|
|
|
long-term borrowings |
163.897 |
163.558 |
138.550 |
|
Short term borrowings |
258.452 |
271.048 |
446.663 |
|
Total
borrowings |
422.349 |
434.606 |
585.213 |
|
Debt/Equity
ratio |
2.166 |
1.944 |
2.361 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2391.791 |
2345.240 |
2850.045 |
|
|
|
(1.946) |
21.525 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
2391.791 |
2345.240 |
2850.045 |
|
Profit |
46.839 |
28.573 |
24.297 |
|
|
1.96% |
1.22% |
0.85% |
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 |
No |
|
10] |
Designation of contact
person |
No |
|
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 |
No |
PERFORMANCE DURING
THE YEAR AND FUTURE OUTLOOK:
That company has achieved turnover of Rs. 2850.045 Million as against turnover of Rs. 2345.240 Million in previous year. The company has earned net profit after tax of Rs. 24.297 Million during the year. The Management is devising various new strategies to further improve the performance of the company and making every possible effort to materialize their plans for growth and development of the company.
INFORMATION ABOUT
COMPANY:
The company recognises 'Polyester Texturised Yarn' as its only primary segment since its operation consist of manufacturing of this product and related activities. Accordingly, 'Texturised Yarn' segment is only segment comprising the primary segment information set out in these financial segments.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Intercorporate borrowings |
84.411 |
65.251 |
|
Loans and advances from related parties |
6.880 |
24.921 |
|
Total |
91.291 |
90.172 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10082937 |
09/01/2008 |
73,800,000.00 |
BANK OF BARODA |
MANDARWAJA BRANCH, NEAR KINNARY CINEMA, RING ROAD BRANCH, SURAT, GUJARAT - 395002, INDIA |
A30486641 |
|
2 |
10062442 |
10/08/2007 |
17,542,000.00 |
BANK OF BARODA |
MANDARWAJA BRANCH,
NEAR KINNARY CINEMA, RING ROAD |
A20325288 |
|
3 |
10035051 |
07/12/2013 * |
520,800,000.00 |
BANK OF BARODA |
MAN DARWAJA BRANCH,
NEAR KINNARI CINEMA,, RING RO |
B91554741 |
|
4 |
10035053 |
01/12/2006 |
81,758,000.00 |
BANK OF BARODA |
MANDARWAJA BRANCH,
NEAR KINNARY CINEMA, RING ROAD |
A08493843 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
- Leasehold improvements
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No exist to suggest that subject is or was
the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction registered
against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling shareholders,
director, officer or employee of the company is a government official or a
family member or close business associate of a Government official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on Corporate
Governance to identify management and governance. These factors often have been
predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUC |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
|
35 |
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.