MIRA INFORM REPORT
|
Report No. : |
302666 |
|
Report Date : |
15.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
VANITA AGROCHEM ( |
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|
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Registered
Office : |
Shop No.7, Kamgar Bank Building , Station Road, Ichalkaranji, Kolhapur
– 416115, Maharashtra |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
07.08.2003 |
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Com. Reg. No.: |
25-018212 |
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Capital
Investment / Paid-up Capital : |
Rs. 2.500
Millions |
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|
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CIN No.: [Company Identification
No.] |
U24119PN2003PTC018212 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
KLPV00868A |
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PAN No.: [Permanent Account No.] |
AADCV7319N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing and Sale of Fertilizers and
Related Chemicals Water treatment Equipments and Chemicals. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 440000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – 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 |
ICRA |
|
Rating |
(Long Term Loan) = BB+ |
|
Rating Explanation |
Moderate risk of default regarding timely servicing of financial
obligations. |
|
Date |
January, 2015 |
|
Rating Agency Name |
ICRA |
|
Rating |
(Short Term Loan) = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk |
|
Date |
January, 2015 |
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 DECLINED
Management non-corporative (91-2322-264478)
LOCATIONS
|
Registered Office : |
Shop No.7, Kamgar Bank Building, Station Road, Ichalkaranji, Kolhapur
– 416 115, Maharashtra |
|
Tel. No.: |
91-230-2439177
/ 2430893 / 2434375 |
|
Mobile No.: |
91-9822174113
(Mr. Netaji Powar) 91-9822978421
(Mr. Ravi Shankar) 91-9822186073
(Mr. Ajit Saibannavar) |
|
Fax No.: |
91-230-2436483 |
|
E-Mail : |
ravi@vanitaagro.com |
|
Website : |
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|
|
|
|
Factory 1 : |
Gat No. 1036 / 1037, At Post – Takawade, Sangli Naka Road, A/P
Taluka – Shirol, District – Kolhapur – 416 121, Maharashtra,
India |
|
Tel. No.: |
91-2322-264224
/ 264478 91-230-6513066 |
|
Fax No.: |
91-2322-264224 / 264477 |
|
E-Mail : |
factory@vanitaagro.com |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Netaji Prataprao Powar |
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|
Designation : |
Managing director |
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|
Address : |
A 9, Royal Park, Behind Guru Chitramandir, Ichalkaraji, Kolhapur – 416
115, Maharashtra, India |
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Date of Birth/Age : |
08.12.1963 |
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|
Date of Appointment : |
16.02.2012 |
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DIN No.: |
00144545 |
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Other
Directorship:
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Name : |
Mrs. Rupali S. Powar |
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Designation : |
Director |
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Address : |
At Post Takawade, Ichalkaraji, |
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Date of Birth/Age : |
08.06.1981 |
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Date of Appointment : |
10.10.2005 |
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DIN No.: |
01764582 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Netaji Prataprao Powar |
17500 |
70.00 |
|
Vanita N. Powar |
1250 |
5.00 |
|
Santaji P. Powar |
2500 |
10.00 |
|
Netaji Prataprao Powar (HUF) |
1250 |
5.00 |
|
Rupali S. Powar |
2500 |
10.00 |
|
TOTAL
|
25000 |
100.00 |
%20PRIVATE%20LIMITED%20-%20302666%2015-Jan-2015_files/image013.gif)
AS ON 30.09.2014
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Sale of Fertilizers and
Related Chemicals Water treatment Equipments and Chemicals. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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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 |
GENERAL INFORMATION
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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Name : |
Khire Khandekar and Kirloskar Chartered Accountant |
|
Address : |
1051, Madhavnagar Road, Sangli–416416, Maharashtra, India |
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Tel. No.: |
91-233-2375883 |
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Fax No.: |
91-233-2322893 |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.100/- each |
Rs. 3.000 Millions |
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|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000 |
Equity Shares |
Rs.100/-
each |
Rs. 2.500
Millions |
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|
|
|
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 |
|
|
|
|
(a) Share Capital |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
150.830 |
98.464 |
68.817 |
|
(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) |
153.330 |
100.964 |
71.317 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
17.349 |
18.046 |
17.243 |
|
(b) Deferred tax liabilities (Net) |
6.983 |
7.633 |
0.433 |
|
(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) |
24.332 |
25.679 |
17.676 |
|
|
|
|
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(4)
Current Liabilities |
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|
|
|
(a) Short
term borrowings |
120.196 |
93.550 |
76.896 |
|
(b) Trade
payables |
50.796 |
33.162 |
37.639 |
|
(c) Other
current liabilities |
23.305 |
15.822 |
16.261 |
|
(d) Short-term
provisions |
32.616 |
17.775 |
9.488 |
|
Total Current
Liabilities (4) |
226.913 |
160.309 |
140.284 |
|
|
|
|
|
|
TOTAL |
404.575 |
286.952 |
229.277 |
|
|
|
|
|
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II.
ASSETS |
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|
|
|
(1)
Non-current assets |
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|
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|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
64.443 |
64.215 |
45.297 |
|
(ii)
Intangible Assets |
0.328 |
0.345 |
0.058 |
|
(iii)
Capital work-in-progress |
0.373 |
1.166 |
10.484 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.016 |
0.016 |
0.016 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.795 |
7.649 |
5.011 |
|
(e) Other
Non-current assets |
0.132 |
0.902 |
0.688 |
|
Total Non-Current
Assets |
67.087 |
74.293 |
61.554 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
175.979 |
109.209 |
79.521 |
|
(c) Trade
receivables |
121.290 |
82.610 |
73.463 |
|
(d) Cash
and cash equivalents |
9.734 |
8.310 |
5.446 |
|
(e)
Short-term loans and advances |
5.358 |
7.059 |
5.297 |
|
(f) Other
current assets |
25.127 |
5.471 |
3.996 |
|
Total
Current Assets |
337.488 |
212.659 |
167.723 |
|
|
|
|
|
|
TOTAL |
404.575 |
286.952 |
229.277 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
271.308 |
180.949 |
154.563 |
|
|
|
Other Income |
0.249 |
(0.119) |
1.024 |
|
|
|
TOTAL (A) |
271.557 |
180.830 |
155.587 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
685.371 |
492.743 |
431.065 |
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(22.129) |
(25.372) |
0.308 |
|
|
|
Employees benefits expense |
57.369 |
42.093 |
36.141 |
|
|
|
Other expenses |
97.456 |
70.479 |
59.609 |
|
|
|
Exceptional Items |
(0.082) |
0.000 |
0.000 |
|
|
|
TOTAL (B) |
817.985 |
579.943 |
527.123 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
116.814 |
68.258 |
59.837 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.485 |
17.828 |
19.176 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
95.329 |
50.430 |
40.661 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.162 |
7.153 |
7.058 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
85.167 |
43.277 |
33.603 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
28.801 |
11.630 |
12.134 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
56.366 |
31.647 |
21.469 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
90.686 |
64.381 |
46.058 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.636 |
3.164 |
2.146 |
|
|
|
Proposed Dividend |
4.000 |
2.000 |
1.000 |
|
|
BALANCE CARRIED
TO THE B/S |
137.416 |
90.864 |
64.381 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2254.64 |
1265.88 |
858.76 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.03 |
4.88 |
3.66 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
12.50 |
10.53 |
10.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
21.07 |
15.14 |
15.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.56 |
0.43 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.90 |
1.11 |
1.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.49 |
1.33 |
1.20 |
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 |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
68.817 |
98.464 |
150.830 |
|
Net
worth |
71.317 |
100.964 |
153.330 |
|
|
|
|
|
|
long-term borrowings |
17.243 |
18.046 |
17.349 |
|
Short term borrowings |
76.896 |
93.550 |
120.196 |
|
Total
borrowings |
94.139 |
111.596 |
137.545 |
|
Debt/Equity
ratio |
1.320 |
1.105 |
0.897 |
%20PRIVATE%20LIMITED%20-%20302666%2015-Jan-2015_files/image015.gif)
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 |
585.936 |
648.320 |
934.550 |
|
|
|
10.647 |
44.149 |
%20PRIVATE%20LIMITED%20-%20302666%2015-Jan-2015_files/image017.gif)
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 |
585.936 |
648.320 |
934.550 |
|
Profit |
21.469 |
31.647 |
56.366 |
|
|
3.66% |
4.88% |
6.03% |
%20PRIVATE%20LIMITED%20-%20302666%2015-Jan-2015_files/image019.gif)
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 |
Yes |
|
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 |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
|
Unsecured Loan |
Rs.
In Millions 31.03.2014 |
Rs.
In Millions 31.03.2013 |
|
Long Term
Borrowings |
|
|
|
Term Loans from Banks |
1.884 |
0.797 |
|
|
|
|
|
TOTAL |
1.884 |
0.797 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10537854 |
26/11/2014 |
11,400,000.00 |
Bank of Maharashtra |
Ichalkaranji Branch,Mahendra Plaza(Patil Building) |
C37602505 |
|
2 |
10463322 |
28/11/2014 * |
20,000,000.00 |
Bank of Maharashtra |
Ichalkaranji Branch,Mahendra Plaza(Patil Building), Station Road,Near
S.T.Stand, Ichalkaranji, Maharashtra - 416115, INDIA |
C37607520 |
|
3 |
10463782 |
25/10/2013 |
5,000,000.00 |
Bank of Maharashtra |
Ichalkaranji Branch,Mahendra Plaza(Patil Building), Station Road,Near
S.T.Stand, Ichalkaranji, Maharashtra - 416115, INDIA |
B90936568 |
|
4 |
10439424 |
07/06/2013 |
669,000.00 |
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED |
GATEWAY BUILDING, APOLLO BUNDER, MUMBAI, Maharashtra - 400001, INDIA |
B80579949 |
|
5 |
10405808 |
24/01/2013 |
10,000,000.00 |
Bank of Maharashtra |
Ichalkaranji Branch, Kolhapur, Maharashtra - 416115, INDIA |
B68848662 |
|
6 |
10408329 |
15/01/2013 |
645,000.00 |
MAHINDRA AND MAHINDRA FINANCIAL SERVICES LIMITED |
GATEWAY BUILDING, APOLLO BUNDER,, MUMBAI, Maharashtra - 400001, INDIA |
B69732519 |
|
7 |
10388607 |
23/10/2012 |
989,000.00 |
Corporation Bank |
At post Takawade, Taluka Shirol, Kolhapur, Maharashtra - 416121, INDIA |
B62817531 |
|
8 |
10284021 |
11/03/2011 |
12,132,000.00 |
Bank of Maharashtra |
Ichalkaranji Branch, Kolhapur, Maharashtra - 416115, INDIA |
B11885936 |
|
9 |
10196861 |
21/12/2009 |
10,000,000.00 |
Bank of Maharashta |
Ichalkaranji Branch, Kolhapur, Maharashtra - 416115, INDIA |
A76841022 |
|
10 |
80037713 |
28/11/2014 * |
200,000,000.00 |
Bank of Maharashtra |
Ichalkaranji Branch, Mahendra Plaza (Patil Building), Station Road,Near
S.T.Stand, Ichalkaranji, Maharashtra - 416115, INDIA |
C37606332 |
CORPORATE INFORMATION
Subject is a private company domiciled in
India and incorporated under the provisions of the companies Act, 1956. Company
is Manufacturing and Sale of Fertilizers and Related Chemicals Water treatment
Equipments and Chemicals.
OPERATIONS
Company is Manufacturing and Sale of
Fertilizers and Related Chemicals Water treatment Equipments and Chemicals and day
by day company is expanding its activities. The directors have taken steps for
improving the quality and decided to give emphasis on marketing and to
strengthen the internal controls. The focus during the year has been to
continuously invest in improving their delivery practices and enhance their
relationships with their existing customers to deliver higher value. The
company is expecting to grow the business in the coming years.
PERFORMANCE REVIEW
During the financial year, the total sales,
other operating income and other income increased from Rs. 648.300 Millions to
Rs. 934.500 Millions a net increase of 44.15%.
FIXED ASSETS
- Land
- Factory Building
- Buildings (Shop premises at Nashik)
- Building (Commercial Complex, Mumbai)
- Plant and Machinery
- Furniture
- Furniture (WIP)
- Computer
- Vehicles
- Library Books
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. 62.15 |
|
|
1 |
Rs. 94.24 |
|
Euro |
1 |
Rs. 73.29 |
INFORMATION DETAILS
|
Information Gathered
by : |
GAY |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
43 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.