MIRA
INFORM REPORT
|
Report No. : |
303847 |
|
Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
PANAMA PAPERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
8-A, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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|
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Date of
Incorporation : |
28.01.2005 |
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Com. Reg. No.: |
04-045371 |
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Capital
Investment / Paid-up Capital : |
Rs.14.000
Millions |
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|
|
CIN No.: [Company Identification
No.] |
U21010GJ2005PTC045371 |
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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.] |
RKTP01272F |
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PAN No.: [Permanent Account No.] |
AADCP4762A |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Paper. |
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No. of Employees
: |
Information denied by management |
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RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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. The rating reflects company moderate financial risk profile marked by
low profit margin and increased in the borrowings of the company during FY
2014. However, trade relations are reported as 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.
EXTERNAL AGENCY RATING
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.
INFORMATION DENIED BY
|
Name : |
Mr. Bhavesh |
|
Designation : |
Operation Head |
|
Contact No.: |
91-9879515000 |
|
Date : |
16.01.2015 |
LOCATIONS
|
Registered Office /Factory : |
8-A, |
|
Tel. No.: |
91-2822-294747 |
|
Mobile No.: |
91-9879515000 (Mr. Bhavesh) |
|
Fax No.: |
91-2822-294748 |
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E-Mail : |
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|
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Correspondence Address : |
Dalal Bhuspatrai Chandulal and Company, Opposite Old Bus Stand, Morbi, Rajkot - 363641,
Gujarat, India |
|
Tel. No.: |
91-2822-220078 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Bhaveshbhai Narshibhai Adroja |
|
Designation : |
Director |
|
Address : |
Heera, 20-A, New Adarsh
Society, Behind Sardar Baug,
Morbi, |
|
Date of Birth/Age : |
15.05.1974 |
|
Date of Appointment : |
20.01.2005 |
|
DIN No.: |
00099318 |
|
|
|
|
Name : |
Mr. Vijay Dayalal Bhimani |
|
Designation : |
Director |
|
Address : |
Umiya Nagar, Near Kenal, Sanala Rod, Morbi - 363641, Gujarat, India |
|
Date of Birth/Age : |
11.02.1981 |
|
Date of Appointment : |
14.08.2010 |
|
DIN No.: |
03110986 |
|
|
|
|
Name : |
Mr. Ashishbhai Rameshbhai
Bhatasana |
|
Designation : |
Director |
|
Address : |
"Om", Tirupati
Society, Near Ajanta Vidhyalay,
Ravapar Road, Morbi -
363641, Gujarat, India |
|
Date of Birth/Age : |
20.05.1990 |
|
Date of Appointment : |
01.08.2014 |
|
DIN No.: |
06946524 |
|
|
|
|
Name : |
Mr. Manishbhai Narshibhai
Adroja |
|
Designation : |
Director |
|
Address : |
Block No.39, "Gaurinandan", Somnath Society, B/H Sardar Baug, Shanala Road, Morbi - 363641, Gujarat, India |
|
Date of Birth/Age : |
16.12.1976 |
|
Date of Appointment : |
01.08.2014 |
|
DIN No.: |
06946537 |
KEY EXECUTIVES
|
Name : |
Mr. Bhavesh |
|
Designation : |
Operation Head |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bhavesh Narshibhai
Patel |
|
134000 |
|
Narshibhai Harjibhai |
|
109200 |
|
Manishbhai Narchibhai |
|
122100 |
|
Sonalben Sanjaybhai |
|
111500 |
|
Ansoyaben Manishbhai |
|
118000 |
|
Jasodaben Bhaveshbhai |
|
106100 |
|
Gauriben Narshibhai |
|
80500 |
|
Sanjay Narshibhai |
|
128600 |
|
Vijaykumar Bhimani |
|
90000 |
|
Ashish Rameshbhai Bhattasana |
|
50000 |
|
Ganeshbhai Chaturbhai Barasara |
|
44000 |
|
Pradipbhai Rameshbhai Bhattasana |
|
44000 |
|
Hiral Narayanbhai Kalia |
|
44000 |
|
Meghanaben Vijaykumar |
|
54000 |
|
Dayabhai Motibhai Patel |
|
66000 |
|
Vaibhav Chotalal Kagathara |
|
10000 |
|
Chotalal Chaturbhai Kagathara |
|
44000 |
|
Chaturbhai Becharbhai Kahgathara |
|
44000 |
|
Total |
|
1400000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Paper. |
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|
Products : |
Paper |
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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
|
Suppliers : |
· A One Trading · A.K. Trading Company · Adorn Enterprises Private Limited · Badrinath Packwell Private Limited · Classic Corrugations Private Limited · Datar Waste Paper · Decolight Ceramics Limited · Gandhi Scrap Traders · Gurukrupa Trading Company · Sonu Traders · Value Packaging |
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Customers : |
Not Divulged |
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No. of Employees : |
Information denied by management |
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Bankers : |
Dena Bank, Trajpar Branch, NH-8A, Taluka Morbi, Trajpar - 363642, Gujarat, India |
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Facilities : |
Notes: Cash Credit limit of Rs.30.000 Millions is secured by way of hypothecation of stock of Raw Materials, Finished Goods, Stock-In-Trade, Stores & Spares & Book Debts, Above Auto loan are secured by hypothecation of Vehicles & are repayable over a period of 1-3 years |
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Auditors : |
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|
Name : |
S. K. Mehta and Associates Chartered Accountants |
|
Address : |
118, Galaxy Complex, Opposite K. K. Steel, Sanala
Road, Morbi – 363641, Gujarat, India |
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Tel. No.: |
91-2822-221181 |
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PAN No.: |
ABPES2842C |
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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 |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs.15.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1400000 |
Equity Shares |
Rs.10/- each |
Rs.14.000
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
14.000 |
14.000 |
14.000 |
|
(b) Reserves & Surplus |
16.262 |
15.244 |
13.094 |
|
(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) |
30.262 |
29.244 |
27.094 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
14.492 |
13.078 |
11.522 |
|
(b) Deferred tax liabilities (Net) |
2.852 |
3.018 |
3.225 |
|
(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) |
17.344 |
16.096 |
14.747 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
24.027 |
19.305 |
25.273 |
|
(b) Trade payables |
33.581 |
32.512 |
39.254 |
|
(c) Other current
liabilities |
16.383 |
8.970 |
2.178 |
|
(d) Short-term provisions |
2.343 |
5.707 |
4.798 |
|
Total Current Liabilities (4) |
76.334 |
66.494 |
71.503 |
|
|
|
|
|
|
TOTAL |
123.940 |
111.834 |
113.344 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
17.074 |
19.754 |
23.025 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
17.074 |
19.754 |
23.025 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
23.131 |
23.934 |
29.691 |
|
(c) Trade receivables |
68.291 |
55.513 |
50.799 |
|
(d) Cash and cash
equivalents |
7.902 |
5.457 |
3.906 |
|
(e) Short-term loans and
advances |
7.542 |
7.176 |
5.923 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
106.866 |
92.080 |
90.319 |
|
|
|
|
|
|
TOTAL |
123.940 |
111.834 |
113.344 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
228.099 |
251.394 |
213.473 |
|
|
|
Other Income |
0.426 |
1.236 |
1.485 |
|
|
|
TOTAL (A) |
228.525 |
252.630 |
214.958 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
134.331 |
157.327 |
|
|
|
|
Purchase of Stock-in-trade |
12.921 |
9.649 |
|
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
56.654 |
56.334 |
|
|
|
|
Employee Benefits Expenses |
4.265 |
6.138 |
|
|
|
|
Other Expenses |
11.410 |
11.719 |
|
|
|
|
Exceptional Items |
0.000 |
0.248 |
|
|
|
|
TOTAL (B) |
219.581 |
241.415 |
205.624 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
8.944 |
11.215 |
9.334 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
4.686 |
4.943 |
2.866 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
4.258 |
6.272 |
6.468 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
2.680 |
3.128 |
3.602 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
1.578 |
3.144 |
2.866 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.559 |
0.994 |
0.897 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
1.019 |
2.150 |
1.969 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
15.244 |
13.094 |
11.125 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
16.263 |
15.244 |
13.094 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.73 |
1.54 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.45 |
0.86 |
0.92 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
3.92 |
4.46 |
4.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.27 |
2.81 |
2.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.11 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.27 |
1.11 |
1.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.38 |
1.26 |
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 |
14.000 |
14.000 |
14.000 |
|
Reserves & Surplus |
13.094 |
15.244 |
16.262 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
27.094 |
29.244 |
30.262 |
|
|
|
|
|
|
Long Term borrowings |
11.522 |
13.078 |
14.492 |
|
Short Term borrowings |
25.273 |
19.305 |
24.027 |
|
Total
borrowings |
36.795 |
32.383 |
38.519 |
|
Debt/Equity
ratio |
1.358 |
1.107 |
1.273 |
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 |
213.473 |
251.394 |
228.099 |
|
|
|
17.764 |
-9.266 |
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
|
213.473 |
251.394 |
228.099 |
|
Profit |
1.969 |
2.150 |
1.019 |
|
|
0.92% |
0.86% |
0.45% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS NOT AVAILABLE
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----------- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
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 |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs.
In Millions |
31.03.2013 Rs.
In Millions |
|
LONG TERM BORROWINGS |
|
|
|
From Directors |
1.705 |
1.539 |
|
From Shareholders |
7.237 |
6.530 |
|
From Relatives & Other |
5.550 |
5.009 |
|
Total |
14.492 |
13.078 |
COMPANY'S
PERFORMANCE:
The company has reported revenue from operation during the year of Rs.228.099 Millions as compared to the previous year's revenue from operation of Rs.251.394 Millions. The Company has earned net profit of Rs.1.019 Millions during the year as compared to previous year's net profit of Rs.2.150 Millions. In a view to conserve resources, the directors do not recommend any dividend for the financial year ended, 31 March, 2014.
REVIEW OF
OPERATIONS
The Company has come up with flying results by achieving Net Turnover of Rs.228.099 Millions during the year of operations. The Company is trying to set up a good marketing network & also focusing on operational efficiency, reduction of cost at all levels and better working capital management. The directors are hopeful that in the coming years the Company will perform better. The product of the company has received good response in the market. Your directors are hopeful and enthusiastic about the future prospects of the Company
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
80025274 |
06/11/2014 * |
45,000,000.00 |
Dena Bank |
Trajpar Branch, Nh-8a, Taluka Morbi, Trajpar - 363642, Gujarat, India |
C36327781 |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for
violating money-laundering, anti-corruption or bribery or international
economic or anti-terrorism sanction laws or whose assets were seized, blocked,
frozen or ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.73.01 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
VNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
29 |
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.