MIRA INFORM REPORT
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Report Date : |
02.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
A J PACKAGING LIMITED |
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Registered
Office : |
Plot No.-120, CIE, Gandhinagar, Balanagar – 500037, Telangana |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
06.07.1995 |
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Com. Reg. No.: |
36-020965 |
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Capital Investment
/ Paid-up Capital : |
Rs.44.920 Millions |
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CIN No.: [Company Identification
No.] |
U74999TG1995PLC020965. |
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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.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Metal Tin Cans. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 190000 |
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Status : |
Moderate |
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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 moderate track. Management has filed form 20B depicting annual return for FY 2014,
whereas failed to file any other statement with the statutory authorities. As per available, management has reported a low position of reserves
during FY 2013. However, trade relations seems to be fair. Business is active. Payment
terms are slow but correct. In view of extensive experience of the promotors 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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
|
Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = BB |
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Rating Explanation |
Moderate risk pf default regarding timely
servicing of financial obligations |
|
Date |
19.11.2014 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = A4+ |
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Rating Explanation |
Minimal degree of safety and very high
credit risk |
|
Date |
19.11.2014 |
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
Management Non Co-Operative (Tel No.: 91-40-23086604)
LOCATIONS
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Registered Office / Factory 1 : |
Plot No.-120, CIE, Gandhinagar, Balanagar – 500037, Telangana, India |
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Tel. No.: |
91-40-23086604 / 23176031 |
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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 : |
Plot No. 341/A, Road No. 23/A, Jubilee Hills, Hyderabad, Andhra
Pradesh, India |
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Factory 2 : |
7/3/111/2, GPIA,
Kattaden, Hyderabad – 500077, Andhra Pradesh, India |
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Tel. No.: |
91-40-24362626 / 23086604 |
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Fax No.: |
91-40-24362652 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ajay Agarwal |
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Designation : |
Managing Director |
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Address : |
Plot No. 341 A, Road No. 23 A, Jubilee Hills, Hyderabad - 500033,
Andhra Pradesh, India |
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Date of Birth/Age : |
12.01.1960 |
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Date of Appointment : |
06.07.1995 |
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DIN No.: |
01030320 |
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Other Directorship:
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Name : |
Mr. Venkateshwar Prasad Theegala |
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Designation : |
Director |
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Address : |
Plot No-99 N C L Enclave, Jeedimetla, Jayalakshmi Guest House,
Hyderabad - 500055, Andhra Pradesh, India |
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Date of Birth/Age : |
04.01.1960 |
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Date of Appointment : |
06.07.1995 |
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DIN No.: |
00008136 |
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Other Directorship:
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Name : |
Mr. Ravindra Reddy Puli |
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Designation : |
Director |
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Address : |
257, Road No 2, Banjara Hills, Next To Natco House, Hyderabad -
500033, Andhra Pradesh, India |
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Date of Birth/Age : |
26.01.1950 |
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Date of Appointment : |
01.03.2011 |
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DIN No.: |
03462495 |
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Other Directorship:
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Name : |
Mr. Nitin Agarwal |
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Designation : |
Whole Time Director |
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Address : |
Plot No. 341/A, Road No. 23-A, Jubilee Hills, Hyderabad - 500033, Andhra
Pradesh, India |
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Date of Birth/Age : |
03.03.1986 |
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Date of Appointment : |
01.09.2012 |
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DIN No.: |
06381755 |
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Other Directorship:
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MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
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No. of Shares |
|
Ajay Agarwal |
|
89190 |
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Ranjani Agarwal |
|
822600 |
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Swarna Narayan |
|
300 |
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T.V. Prasad |
|
39000 |
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Dr. Bajranglal |
|
300 |
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Ratanlal Gupta |
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300 |
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Ravindra Kumar Agarwal |
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300 |
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A J Cans Private Limited, India |
|
1830000 |
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Nitini Agarwal |
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1560000 |
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Asian Colour Cartons |
|
150000 |
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Total |
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4491990 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
40.74 |
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Directors or relatives of Directors |
59.26 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Metal Tin Cans. |
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Products : |
Metal Tin Cans |
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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 : |
Not Divulged |
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Customers : |
Not Divulged |
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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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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Ghantasala and Company Chartered Accountants |
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Address : |
3-6-700 and 701, Senata Apartments, Street No. 11, Himayath Nagar,
Hyderabad – 500029, Andhra Pradesh, India |
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Tel. No.: |
91-40-27638771 |
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Mobile No.: |
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Fax No.: |
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E-Mail : |
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PAN No.: |
AADFG2640P |
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Memberships : |
-- |
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Collaborators : |
-- |
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Sister Concern : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
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|
44919900 |
Equity Shares |
Rs.10/- each |
Rs.44.920 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
44.920 |
44.920 |
14.973 |
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(b) Reserves & Surplus |
16.539 |
12.755 |
39.563 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
4.600 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
66.059 |
57.675 |
54.536 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
34.662 |
33.242 |
40.458 |
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(b) Deferred tax liabilities (Net) |
2.805 |
2.480 |
2.153 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
37.467 |
35.722 |
42.611 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
36.168 |
30.316 |
7.431 |
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(b) Trade
payables |
36.594 |
13.587 |
34.414 |
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(c) Other
current liabilities |
14.261 |
15.689 |
8.831 |
|
(d) Short-term
provisions |
4.246 |
2.000 |
4.497 |
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Total Current
Liabilities (4) |
91.269 |
61.592 |
55.173 |
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TOTAL |
194.795 |
154.989 |
152.320 |
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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 |
92.138 |
73.387 |
44.679 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
2.993 |
2.993 |
19.658 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.025 |
2.025 |
2.025 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.929 |
2.773 |
6.002 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
98.085 |
81.178 |
72.364 |
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(2)
Current assets |
|
|
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|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
57.329 |
49.483 |
55.023 |
|
(c) Trade
receivables |
12.608 |
8.612 |
8.545 |
|
(d) Cash
and cash equivalents |
4.105 |
0.792 |
1.793 |
|
(e)
Short-term loans and advances |
22.668 |
14.924 |
14.595 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
96.710 |
73.811 |
79.956 |
|
|
|
|
|
|
TOTAL |
194.795 |
154.989 |
152.320 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Income |
273.366 |
262.106 |
281.893 |
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|
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Other Income |
1.646 |
1.222 |
4.075 |
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TOTAL (A) |
275.012 |
263.328 |
285.968 |
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Less |
EXPENSES |
|
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|
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|
Raw Materials Consumed |
163.715 |
180.815 |
209.992 |
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Changes in Inventories of finished goods, work-in-progress and stock-in-trade |
(6.048) |
(1.118) |
3.025 |
|
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|
Manufacturing Expenses |
30.170 |
22.298 |
17.221 |
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Salaries and benefits to employees |
27.124 |
11.801 |
9.633 |
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Administrative Expenses |
31.493 |
28.936 |
23.585 |
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TOTAL (B) |
246.454 |
242.732 |
263.456 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
28.558 |
20.596 |
22.512 |
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|
Less |
FINANCIAL
EXPENSES (D) |
11.301 |
6.168 |
7.625 |
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|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
17.257 |
14.428 |
14.887 |
|
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|
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|
|
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|
Less |
DEPRECIATION/
AMORTISATION (F) |
8.903 |
6.717 |
4.875 |
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PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
8.354 |
7.711 |
10.012 |
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|
Less |
TAX (H) |
2.325 |
2.327 |
3.319 |
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|
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|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
6.029 |
5.384 |
6.693 |
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|
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|
|
|
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|
Earnings / (Loss)
Per Share (Rs.) |
1.34 |
1.81 |
7.35 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.21 |
2.05 |
2.37 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.45 |
7.86 |
7.99 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.40 |
5.14 |
7.66 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.13 |
0.18 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.07 |
1.10 |
0.88 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.06 |
1.20 |
1.45 |
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 |
14.973 |
44.920 |
44.920 |
|
Reserves & Surplus |
39.563 |
12.755 |
16.539 |
|
Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
4.600 |
|
Net
worth |
54.536 |
57.675 |
66.059 |
|
|
|
|
|
|
Long Term borrowings |
40.458 |
33.242 |
34.662 |
|
Short Term borrowings |
7.431 |
30.316 |
36.168 |
|
Total
borrowings |
47.889 |
63.558 |
70.830 |
|
Debt/Equity
ratio |
0.878 |
1.102 |
1.072 |
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 |
281.893 |
262.106 |
273.366 |
|
|
|
(7.019) |
4.296 |
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
|
281.893 |
262.106 |
273.366 |
|
Profit |
6.693 |
5.384 |
6.029 |
|
|
2.37% |
2.05% |
2.21% |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
---------- |
|
22] |
Litigations that the firm
/ promoter involved in |
---------- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
---------- |
|
26] |
Buyer visit details |
---------- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOANS:
|
Particulars |
31.03.2013 Rs. In Millions |
31.03.2012 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Interest free
deferred sales tax loan from Govt of AP |
17.094 |
20.742 |
|
Other long term
Liabilities |
2.989 |
0.000 |
|
Total |
20.083 |
20.742 |
OPERATIONS:
During the year the company has achieved net sales of Rs.273.366
Millions as against Rs.262.106 Millions in the previous year. The cash
generations (before tax) of the company for the year ended 31st
March 2013 was Rs.17.257 Millions as against Rs.14.428 Millions during the
previous year.
FUTURE OUTLOOK:
The future outlook of the company is encouraging and the company’s
production and sales requirements have been tied up with various
companies. Further the company has also
stated supplying to coconut oil companies, beverages and also increased the
business operations into round and rectangular cans to cater to requirement of
confectionery / biscuits, coffee and oil industries
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10519989 |
23/07/2014 |
1,158,150.00 |
Reliance Capital Limited |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India |
C20661237 |
|
2 |
10515301 |
31/05/2014 |
5,300,000.00 |
Reliance Capital Limited |
"H" Block 1st Floor, Dhirubhai Ambani Knowledge City, Koparkhairne, Navi Mumbai, Maharashtra - 400710, India |
C16667099 |
|
3 |
10266456 |
25/02/2014 * |
60,537,499.46 |
The Hongkong & Shanghai Banking Corporation Limited |
6-3-1107 & 1108, Raj Bhavan Road, Somajiguda, Hyderabad, Andhra Pradesh - 500082, India |
B97196497 |
|
4 |
10259894 |
12/12/2013 * |
65,000,000.00 |
Standard Chartered Bank |
Door No. 8-2-293/82/A/646a, Gr Floor, Adityaram Square, Road No. 36, Jubilee Hills,, Hyderabad, Andhra Pradesh - 500003, India |
B92794510 |
|
5 |
90262345 |
09/09/2003 |
2,600,000.00 |
The Hongkong And Shanghai Banking Corp. Limited |
30;
Rajaji Salai; Post Box No - 11, Chennai, Tamil |
- |
|
6 |
90262196 |
20/09/2002 |
3,500,000.00 |
The Hongkong And Shanghai Banking Corp. Limited |
30;
Rajaji Salai; Post Box No - 11, Chennai, Tamil |
- |
|
7 |
90262165 |
07/06/2002 |
33,500,000.00 |
HDFC Bank Limited |
SANDOZ
HOUSE;, DR. AB ROAD WORLI, MUMBAI, Andhra |
- |
|
8 |
90258714 |
28/12/2010 * |
60,000,000.00 |
The Hongkong And Shanghai Banking Corporation Limited |
6-3-1107 & 1108,Rajbhavan Road,Somajiguda, Hyderabad, Andhra Pradesh - 500082, India |
B04795316 |
|
9 |
90261980 |
28/12/2010 * |
60,000,000.00 |
The Hongkong And Shanghai Banking Corporation Limited |
6-3-1107 & 1108,Rajbhavan Road,Somajiguda, Hyderabad, Andhra Pradesh - 500082, India |
B04796306 |
|
10 |
90261658 |
17/06/1998 |
28,600,000.00 |
Anz Grindlays Bank Limited |
Rajbhawan Road, Hyderabad, Andhra Pradesh, India |
- |
|
11 |
90261430 |
08/11/1996 |
12,300,000.00 |
Union Bank Of India |
Somajiguda Branch, Hyderabad, Andhra Pradesh, India |
- |
|
12 |
90261418 |
26/09/1996 |
7,510,000.00 |
The Lakshmi Vilas Bank Limited |
Bank Street Koti, Hyderabad, Andhra Pradesh, India |
- |
*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 records 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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.32 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.76.60 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
32 |
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.