MIRA INFORM REPORT
|
Report Date : |
03.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
KUNJAL SYNERGIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
15-D, Everest House, 46-C, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
20.02.2007 |
|
|
|
|
Com. Reg. No.: |
21-113542 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.860
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233WB2007PTC113542 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK05405B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK9990L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Importers and Traders of Industrial Chemicals,
Petrochemicals, Solvents and Polyester Fibres. |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track. As per ROC the date of balance sheet (i.e. financial filed) is shown
as 31.03.2014 but the documents related to be 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 sound. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually 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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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 |
CRISIL |
|
Rating |
Long Term Rating: BBB- |
|
Rating Explanation |
Moderate degree of safety, it carry moderate
credit risk. |
|
Date |
13.11.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A3 |
|
Rating Explanation |
Moderate degree of safety, it carry higher
credit risk. |
|
Date |
13.11.2014 |
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 PARTED BY (General Details)
|
Name : |
Mr. Bhavik Doshi |
|
Designation : |
Manager Finance |
|
Contact No.: |
91-33-22881217 |
|
Date : |
23.12.2014 |
LOCATIONS
|
Registered Office/ Warehouse : |
15-D, Everest House, 46-C, |
|
Tel. No.: |
91-33-22881217/ 8/ 9 |
|
Fax No.: |
91-33-22881223/ 2281217 |
|
E-Mail : |
info@kunjal.com |
|
Website : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Nishith
Parekh |
|
Designation : |
Chairman and
Managing Director |
|
Address : |
168, |
|
Date of Birth/Age : |
17.12.1960 |
|
Date of Appointment : |
20.02.2007 |
|
PAN No.: |
AFQPP2696J |
|
DIN No.: |
00211817 |
|
|
|
|
Name : |
Mrs. Kusum Parekh |
|
Designation : |
Director |
|
Address : |
168, |
|
Date of Birth/Age : |
16.10.1947 |
|
Date of Appointment : |
21.06.2007 |
|
PAN No.: |
AJUPP8808J |
|
DIN No.: |
00211874 |
KEY EXECUTIVES
|
Name : |
Mr. Bhavik Doshi |
|
Designation : |
Manager Finance |
|
|
|
|
Name : |
Mr. Nikunj Parekh |
|
Designation : |
International Business Executive |
|
Email : |
|
|
|
|
|
Name : |
Mr. Amish Parekh |
|
Designation : |
Senior Vice President |
|
Email : |
|
|
|
|
|
Name : |
Mr. Sanjay Doshi |
|
Designation : |
General Manager – Marketing Product Manager – LAB, Phenol, Paraffin |
|
Email : |
|
|
|
|
|
Name : |
Mr. Debnath Banerjee |
|
Designation : |
Senior Manager – Marketing Product Manager – Soda Ash, Glycerine
|
|
Email : |
|
|
|
|
|
Name : |
Mr. Rupak Chatterjee |
|
Designation : |
Senior Manager – Marketing Product Manager – Recron 3s, Glycols |
|
Email : |
|
|
|
|
|
Name : |
Mr. Jignesh Dalal |
|
Designation : |
Manager – Marketing Assistant Product Manger - Phenol, Glycols |
|
Email : |
|
|
|
|
|
Name : |
Mr. Partha Ganguly |
|
Designation : |
Manager – Marketing Product Manger - FibreGill |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Nishith Parekh |
|
246080 |
|
Nikunj Parekh |
|
4000 |
|
Kusum Parekh |
|
87950 |
|
Dolphin Vintrade Private Limited, India |
|
5000 |
|
Nishith Parekh (HUF) |
|
42000 |
|
Fairplan Commodities Private Limited, India |
|
5000 |
|
Impression Suppliers Private Limited, India |
|
1000 |
|
Satyatej Vyapaar Private Limited, India |
|
5000 |
|
Krest Organics Private Limited, India |
|
40000 |
|
Deepak Pens and Plastics Private Limited, India |
|
9000 |
|
Impression Suppliers Private Limited, India |
|
2500 |
|
Nidhi Agro Private Limited, India |
|
6000 |
|
Satyatej Vyapaar Private Limited, India |
|
7500 |
|
Avon Vanijya Private Limited, India |
|
7000 |
|
Rythem Merchants Private Limited, India |
|
2750 |
|
Highview Food Traders Private Limited, India |
|
3600 |
|
Khandelwal Investment Consultants P |
|
1500 |
|
Possibl Dealcom Private Limited, India |
|
1500 |
|
Paras Adhesive Traders Private Limited, India |
|
3650 |
|
Capricon Iron and Steel Traders Private Limited, India |
|
5000 |
|
|
|
|
|
Total |
|
486030 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
|
|
|
Bodies corporate |
21.81 |
|
Directors or relatives of Directors |
78.19 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Importers and Traders of Industrial Chemicals,
Petrochemicals, Solvents and Polyester Fibres. |
|
|
|
|
Products : |
· Industrial Chemicals · Petrochemicals · Solvents · Polyester Fibres |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
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|
|
|
Imports : |
|
|
Products : |
Chemical Solvent |
|
Countries : |
South Eastern Countries |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Cheque |
|
|
|
|
Purchasing : |
Cash and Cheque |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
35 (Approximately) |
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Bankers : |
· Bank of India, Kolkata Corporate Banking Branch, 2nd Floor, 5 B. T. M. Sarani, Kolkata - 700001, West Bengal, India ·
Standard Chartered Bank, SME Banking, 19, N. S. Road, Kolkata - 700001, West
Bengal, India ·
DBS Bank Limited, 4A, Nandalal Basu Sarani, Kolkata – 700071, West Bengal,
India ·
Yes Bank Limited, 9th Floor, Nehru Centre Discovery of India, Dr.
Annie Besant Road, Worli, Mumbai – 400018, Maharashtra, India · ABN Amro Bank · CITI Bank · HDFC Bank · ICICI Bank 3A, Gurusaday Road, 2nd Floor, Kolkata – 700019, West Bengal, India ·
State Bank of Travancore |
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Facilities : |
|
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|
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
A. N. Mehta and Company Chartered Accountants |
|
Address : |
13, |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAMFA5698J |
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Memberships : |
Not Available |
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|
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|
Collaborators : |
Not Available |
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|
|
|
Associates/Subsidiaries : |
Not Available |
|
|
|
|
Relatives of Key
management personnel: |
· Krest Organics Private Limited, India |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
486030 |
Equity Shares |
Rs.10/- each |
Rs.4.860
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 |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.860 |
4.860 |
4.640 |
|
(b) Reserves & Surplus |
210.860 |
174.731 |
129.119 |
|
(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) |
215.720 |
179.591 |
133.759 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
169.318 |
101.555 |
27.362 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c)
Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
169.318 |
101.555 |
27.362 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
30.280 |
0.000 |
0.000 |
|
(b)
Trade payables |
882.852 |
380.463 |
49.451 |
|
(c)
Other current liabilities |
15.581 |
5.893 |
302.583 |
|
(d)
Short-term provisions |
15.516 |
11.486 |
6.926 |
|
Total
Current Liabilities (4) |
944.229 |
397.842 |
358.960 |
|
|
|
|
|
|
TOTAL |
1329.267 |
678.988 |
520.081 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
3.176 |
2.276 |
2.768 |
|
(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 |
9.189 |
5.471 |
4.670 |
|
(c) Deferred tax assets
(net) |
0.244 |
0.185 |
0.145 |
|
(d) Long-term Loan
and Advances |
7.041 |
2.839 |
1.676 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
19.650 |
10.771 |
9.259 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
456.535 |
117.477 |
112.515 |
|
(c)
Trade receivables |
622.996 |
371.732 |
250.489 |
|
(d)
Cash and cash equivalents |
208.140 |
161.284 |
135.790 |
|
(e)
Short-term loans and advances |
15.240 |
9.722 |
9.607 |
|
(f)
Other current assets |
6.706 |
8.002 |
2.421 |
|
Total
Current Assets |
1309.617 |
668.217 |
510.822 |
|
|
|
|
|
|
TOTAL |
1329.267 |
678.988 |
520.081 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
20.446 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
6.811 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) |
NA |
23.832 |
13.635 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
28.835 |
15.200 |
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
52.662 |
28.835 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
NA |
184.754 |
|
|
TOTAL EARNINGS |
NA |
NA |
184.754 |
|
|
|
|
|
|
|
|
|
|
Earnings Per Share
(Rs.) |
NA |
49.03 |
29.28 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
NA
|
3.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
NA
|
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.93 |
0.57 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.68 |
1.42 |
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 |
4.640 |
4.860 |
4.860 |
|
Reserves & Surplus |
129.119 |
174.731 |
210.860 |
|
Net
worth |
133.759 |
179.591 |
215.720 |
|
|
|
|
|
|
long-term borrowings |
27.362 |
101.555 |
169.318 |
|
Short term borrowings |
0.000 |
0.000 |
30.280 |
|
Total
borrowings |
27.362 |
101.555 |
199.598 |
|
Debt/Equity
ratio |
0.205 |
0.565 |
0.925 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
No |
|
12] |
Profitability for last
two 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 |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Loans repayable on demand |
166.018 |
101.186 |
|
Total |
166.018 |
101.186 |
|
|
|
|
|
Short-term
borrowings |
|
|
|
Loans repayable on demand |
0.188 |
0.000 |
|
Total |
0.188 |
0.000 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10529931 |
22/09/2014 |
5,000,000.00 |
BANK OF INDIA |
KOLKATA MID
CORPORATE BRANCH,, 5, B.T.M. SARANI,, |
C32798787 |
|
2 |
10517799 |
05/08/2014 |
150,000,000.00 |
HDFC BANK
LIMITED |
HDFC BANK
HOUSESENAPATI BAPAT MARG, LOWER PAREL W |
C19033562 |
|
3 |
10496817 |
04/04/2014 |
140,000,000.00 |
AXIS BANK
LIMITED |
CORPORATE
BANKING BRANCH,, AC MARKET BUILDING, 3R |
C05240247 |
|
4 |
10448476 |
29/08/2013 |
150,000,000.00 |
The Hongkong and
Shanghai Banking Corporation Limi |
Hongkong House,
31 B.B.D Bagh, Kolkata, West Beng |
B84753029 |
|
5 |
10435459 |
10/06/2014 * |
220,000,000.00 |
D B S BANK LTD. |
4A, Nandalal
Basu Sarani, Kolkaata, West Bengal - |
C06460208 |
|
6 |
10312155 |
12/10/2011 |
150,000,000.00 |
ICICI BANK
LIMITED |
3A, GURUSADAY
ROAD, 2ND FLOOR, KOLKATA, West Beng |
B23249261 |
|
7 |
10161553 |
27/04/2010 * |
170,000,000.00 |
STANDARD
CHARTERED BANK |
SME BANKING, 19,
N. S. Road, KOLKATA, West Bengal |
A86760485 |
|
8 |
10150731 |
08/10/2013 * |
180,000,000.00 |
BANK OF INDIA |
KOLKATA MID
CORPORATE BRANCH,, 5, B.T.M. SARANI,, |
B86495447 |
* Date of charge modification
FIXED ASSETS
·
Plant and Equipment
·
Furniture and Fixtures
·
Vehicles
·
Motor Vehicles
·
Office Equipment
·
Computer Equipment’s
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms and
conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.29 |
|
|
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
|
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.