MIRA INFORM REPORT

 

 

Report No. :

299799

Report Date :

19.01.2015

 

IDENTIFICATION DETAILS

 

Name :

RAMSONS GARMENTS FINISHING PRIVATE LIMITED

 

 

Formerly Known As :

RAMSONS GARMENT FINISHING EQUIPMENT PRIVATE LIMITED

 

 

Registered Office :

No.118/2, Dossakannenahalli Village, Varthur Hobli, Sarjapur Road, Bangalore-560037, Karnataka

 

 

Country :

India

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

12.01.1994

 

 

Com. Reg. No.:

08-015114

 

 

Capital Investment / Paid-up Capital :

Rs. 3.500 Millions

 

 

CIN No.:

[Company Identification No.]

U18101KA1994PTC015114

 

 

IEC No.:

Not Available

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

Not Available

 

 

PAN No.:

[Permanent Account No.]

Not Available

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacturer of Garment and Laundry Equipments.

 

 

No. of Employees :

500 (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

 

Maximum Credit Limit :

USD 800000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is an established company having satisfactory track record.

 

Management of the company has not filed its latest financial i.e.2014 with the government department.

 

As per available financial of 2013, the financial position of the company seems to be fair.

 

Trade relations are reported as fair. Business is active. Payments terms 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

 

 

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. Sunder Belani

Designation :

Director

Contact No.:

91-9845004499

Date :

09.01.2015

 

 

LOCATIONS

 

Registered/ Head Office/ Factory :

118/2, Dossakannenahalli Village, Varthur Hobli, Sarjapur Road, Opposite Karnataka Granite Showroom, Bangalore - 560037, Karnataka, India

Tel. No.:

91-80-28439056/28439076

Mobile No.:

91-9611101205 (Ms. Sabita Bhattacharya)

Fax No.:

91-80-26746042

E-Mail :

info@ramsonsindia.com

accounts@ramsonsindia.com

Website :

www.ramsonsindia.com

 

 

Branch Office :

D-85, Okhla, Phase-I, New Delhi - 110020, India

Tel. No.:

91-11-26811186

Fax No.:

91-11-26811186

 

 

Branch Offices :

Also Located at

 

·         Ludhiana

·         Noida

·         Delhi

·         Gurgaon

·         Jaipur

·         Ahmedabad

·         Indore

·         Kolkata

·         Mumbai

·         Pune

·         Goa

·         Hyderabad

·         Bangalore

·         Tirupur

·         Cochin

·         Vijayawada

·         Chennai

·         Vishakhapatnam

 

 

Overseas Offices :

Located at:

 

·         Kathmandu

·         Dhaka

·         Sri Lanka

·         Dehiwala

 

 

DIRECTORS

 

AS ON 27.09.2013

 

Name :

Mr. Chand Ramachand Belani

Designation :

Managing director

Address :

No. 77, Panchavavati, Ulsoor Road, Bangalore – 560042, Karnataka, India

Date of Birth/Age :

18.01.1954

Date of Appointment :

03.04.1995

DIN No.:

01898840

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U18101KA1994PTC015114

RAMSONS GARMENTS FINISHING PRIVATE LIMITED

Managing director

03/04/1995

03/04/1995

-

Active

NO

2

U18101KA1995PTC019270

RAMSONS VEIT PRIVATE LIMITED

Director

27/11/1995

27/11/1995

-

Active

NO

3

U18101KA2000PTC026476

RAMSONS UDHYOG PRIVATE LIMITED

Director

25/02/2000

25/02/2000

-

Active

NO

4

U24297TZ2014PTC020975

JINDO SRIRAM ECO CHEMICALS PRIVATE LIMITED

Director

19/12/2014

19/12/2014

-

Active

NO

 

 

Name :

Mr. Prakash Ramchand Belani

Designation :

Director

Address :

No. 320, Mysore Road, Bangalore – 560026, Karnataka, India

Date of Birth/Age :

28.11.1948

Date of Appointment :

03.04.1995

DIN No.:

01627353

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U18101KA1994PTC015114

RAMSONS GARMENTS FINISHING PRIVATE LIMITED

Director

03/04/1995

03/04/1995

-

Active

NO

2

U18101KA1995PTC019270

RAMSONS VEIT PRIVATE LIMITED

Director

27/11/1995

27/11/1995

-

Active

NO

3

U18101KA2000PTC026476

RAMSONS UDHYOG PRIVATE LIMITED

Director

25/02/2000

25/02/2000

-

Active

NO

4

U24297TZ2014PTC020975

JINDO SRIRAM ECO CHEMICALS PRIVATE LIMITED

Director

19/12/2014

19/12/2014

-

Active

NO

 

 

Name :

Mr. Sunder Belani

Designation :

Director

Address :

No. 1/33, (77), Ulsoor Road, Panchavati, Bangalore – 560042, Karnataka, India

Date of Birth/Age :

02.06.1959

Date of Appointment :

12.01.1994

DIN No.:

02107703

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Date of cessation

Company/ LLP Status

Defaulting status

1

U18101KA1994PTC015114

RAMSONS GARMENTS FINISHING PRIVATE LIMITED

Director

12/01/1994

12/01/1994

-

Active

NO

2

U18101KA1995PTC019270

RAMSONS VEIT PRIVATE LIMITED

Director

27/11/1995

27/11/1995

-

Active

NO

3

U18101KA2000PTC026476

RAMSONS UDHYOG PRIVATE LIMITED

Director

25/02/2000

25/02/2000

-

Active

NO

4

U74999KA2006PTC041196

ELKAY RAMSONS TEXTILE PROCESSING PRIVATE LIMITED

Director

25/08/2008

25/08/2008

15/02/2012

Active

NO

5

U24297TZ2014PTC020975

JINDO SRIRAM ECO CHEMICALS PRIVATE LIMITED

Director

19/12/2014

19/12/2014

-

Active

NO

 

 

Name :

Mr. Preeti Belani

Designation :

Director

Address :

No. 77, Ulsoor Road, Bangalore – 560042, Karnataka, India

Date of Birth/Age :

25.02.1951

Date of Appointment :

12.01.1994

DIN No.:

02107824

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 27.09.2013

 

Names of Shareholders

No. of Shares

 

Percentage of

Sunder Ramchand Belani

96500

27.57

Preeti Belani

10100

2.89

Prakash  Ramchand Belani

106400

30.40

Chand Ramachand Belani

97000

27.71

Rani Belani

20000

5.71

Ravina Belani

20000

5.71

Total

350000

100.00

 

 

AS ON 27.09.2013

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

Total

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer of Garment and Laundry Equipments.

 

 

Products/ Services :

Laundry Equipments and Garment Finishing Machineries.

 

 

Brand Names :

Not Available

 

 

Agencies Held :

Not Available

 

 

Exports :

 

Products :

Laundry Equipments

Countries :

·         European Countries

·         African Countries

·         Saudi Arabia

·         Bangladesh

 

 

Imports :

Not Available

 

 

Terms :

 

Selling :

Cash and Credit (30  ---- Days)

 

 

Purchasing :

Cash and Credit (30  ---- Days)

 

 

 

GENERAL INFORMATION

 

Suppliers :

 

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

Customers :

End Users, OEM’s and Manufacturer

Reference :

Not Divulged

Name of the Person :

Not Divulged

Contact No.:

Not Divulged

Since How Long Known :

Not Divulged

Experience :

Not Divulged

Maximum Limit Dealt :

Not Divulged

 

 

No. of Employees :

500 (Approximately)

 

 

Bankers :

 

Banker Name :

Indian Bank

Branch Address :

Sadashivnagar Branch, Lower Palace Orchard, Sanky Road, Bangalore - 560003, Karnataka, India

Facilities :

Not Divulged

Person Name :

Not Divulged

Contact No.:

Not Divulged

Report :

Not Divulged

Name of Account Holder

Not Divulged

Account Number

Not Divulged

Account Since (Date/Year of Account Opening)

Not Divulged

Average Balance Maintained (If Possible)

Not Divulged

Credit Facilities Enjoyed (If any)

Cash Credit Rs.340.000 millions

Account Operation

Not Divulged

Remarks (If any)

Not Divulged

 

 

Facilities :

 

SECURED LOANS

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

LONG TERM BORROWING

 

 

Term loans from banks

5.837

0.000

 

 

 

SHORT TERM BORROWINGS

 

 

Working Capital Loans repayable on demand from banks 

251.930

225.892

Total

257.767

225.892

 

NOTE:

LONG TERM BORROWINGS

Term Loan of Rs.28.900 Millions (Pervious Year Nil) was sanctioned Indian Bank, Sadashivnagar Branch, Bangalore out of the company had drawn only Rs.5.837(Pervious Year Nil). The term loan is secured against equitable mortgage of company’s land building, equipments and interior. The term loan carries an interest of @ 14.50% and is repayable in monthly installment of Rs.0.803 millions per month from April 2013. 

 

SHORT TERM BORROWINGS

Working capital loan of Rs.251.930 millions (Pervious Year Rs.225.893) from Indian Bank, Sadashivnagar Branch, Bangalore is secured by against fixed deposits of the company. The working capital loan is repayable on demand and carries interest @ 10% p.a.

 

 

Auditors :

 

Name :

Harish Kumar Dogra

Chartered Accountant

Address :

No 384, 17th Main, 4th T Block, Jayanagar, Bangalore – 560041, Karnataka, India

Income-tax PAN of auditor or auditor's firm :

ADPPD4280P

 

 

Memberships :      

Not Available

 

 

Collaborators :

Not Available

 

 

Controlling companies :

·         Ramsons Udhyog Private Limited

·         Ramsons Veit Private Limited

·         Ramdhan Laundries

·         Sri Rama Metal Works

·         Panchavati Hitech Products

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2013

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

4,500,000

Equity Shares

Rs. 10/- each

Rs. 45.000 Millions

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

350,000

Equity Shares

Rs. 10/- each

Rs. 3.500 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

3.500

3.500

3.500

(b) Reserves & Surplus

276.445

265.243

254.084

(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)

279.945

268.743

257.584

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) long-term borrowings

5.837

0.000

0.000

(b) Deferred tax liabilities (Net)

0.000

0.000

0.000

(c) Other long term liabilities

4.349

4.994

0.946

(d) long-term provisions

7.985

6.371

5.509

Total Non-current Liabilities (3)

18.171

11.365

6.455

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

317.737

225.892

173.467

(b) Trade payables

197.368

158.322

174.872

(c) Other current liabilities

106.515

112.683

123.334

(d) Short-term provisions

7.245

5.006

6.278

Total Current Liabilities (4)

628.865

501.903

477.951

 

 

 

 

TOTAL

926.981

782.011

741.990

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

47.093

46.438

64.868

(ii) Intangible Assets

0.077

0.128

0.180

(iii) Capital work-in-progress

47.594

32.409

1.710

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

1.000

1.000

1.000

(c) Deferred tax assets (net)

4.004

3.330

2.547

(d)  Long-term Loan and Advances

48.940

60.643

58.216

(e) Other Non-current assets

0.000

0.000

0.000

Total Non-Current Assets

148.708

143.948

128.521

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

103.365

87.643

64.855

(c) Trade receivables

379.414

283.987

305.810

(d) Cash and cash equivalents

263.008

250.927

229.702

(e) Short-term loans and advances

32.486

15.506

13.102

(f) Other current assets

0.000

0.000

0.000

Total Current Assets

778.273

638.063

613.469

 

 

 

 

TOTAL

926.981

782.011

741.990

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

31.03.2013

 

31.03.2012

31.03.2011

 

SALES TURNOVER

 

 

 

 

 

TOTAL                                     (A)

733.968

646.594

650.025

 

 

 

 

 

Less

EXPENSES

 

 

 

 

 

TOTAL                                     (B)

682.778

599.226

598.302

 

 

 

 

 

Less

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B)     (C)

51.190

47.368

51.723

 

 

 

 

 

Less

FINANCIAL EXPENSES                                    (D)

25.560

20.176

14.133

 

 

 

 

 

 

PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)                                       (E)

25.630

27.192

37.590

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                     (F)

7.688

6.942

7.966

 

 

 

 

 

 

PROFIT BEFORE TAX (E-F)                              (G)

17.942

20.250

29.624

 

 

 

 

 

Less

TAX                                                                  (H)

6.740

9.092

10.105

 

 

 

 

 

 

PROFIT AFTER TAX (G-H)                                (I)

11.202

11.158

19.519

 

 

 

 

 

Add

PREVIOUS YEARS’ BALANCE BROUGHT FORWARD

265.242

254.084

234.565

 

 

 

 

 

 

BALANCE CARRIED TO THE B/S

276.444

265.242

254.084

 

 

 

 

 

 

Earnings Per Share (Rs.)

32.01

31.88

55.77

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2013

31.03.2012

31.03.2011

Net Profit Margin

(PAT / Sales)

(%)

1.53

1.73

3.00

 

 

 

 

 

Operating Profit Margin

(PBDIT/Sales)

(%)

6.97

7.33

7.96

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

2.05

2.72

4.02

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.06

0.08

0.12

 

 

 

 

 

Debt Equity Ratio

(Total Debt /Networth)

 

1.16

0.84

0.67

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.24

1.27

1.28

 

 

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

3.500

3.500

3.500

Reserves & Surplus

254.084

265.243

276.445

Net worth

257.584

268.743

279.945

 

 

 

 

long-term borrowings

0.000

0.000

5.837

Short term borrowings

173.467

225.892

317.737

Total borrowings

173.467

225.892

323.574

Debt/Equity ratio

0.673

0.841

1.156

 

 

 

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)

Total Income

650.025

646.594

733.968

 

 

(0.528)

13.513

 

 

NET PROFIT MARGIN

 

Net Profit Margin

31.03.2011

31.03.2012

31.03.2013

 

(Rs. In Millions)

(Rs. In Millions)

(Rs. In Millions)

Total Income

650.025

646.594

733.968

Profit

19.519

11.158

11.202

 

3.00%

1.73%

1.53%

 

 

 

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

Yes

12]

Profitability for last three years

Yes

13]

Reasons for variation <> 20%

-----

14]

Estimation for coming financial year

No

15]

Capital in the business

Yes

16]

Details of sister concerns

Yes

17]

Major suppliers

No

18]

Major customers

No

19]

Payments terms

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

No

33]

Voter ID No of Proprietor/Partner/Director, if available

No

34]

External Agency Rating, if available

No

 

Note:

Registered office of the company has been shifted from 320, MYSORE Roadbangalore, Bangalore-560026 Karnataka, India to the present address w.e.f.05.09.2013

 

 

UNSECURED LOAN

 

Particular

31.03.2013

(Rs. In Millions)

31.03.2012

(Rs. In Millions)

Long Term Borrowing

 

 

Others

65.807

0.000

Total

65.807

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

10416705

07/03/2013

343,900,000.00

Indian Bank

Sadashivnagar Branch, Lower Palace Orchard, Sanky 
Road, Bangalore, Karnataka - 560003, INDIA

B72276140

2

10374290

09/08/2012

40,000,000.00

Indian Bank

Sadashivnagar Branch, Lower Palace Orchard, Sanky 
Road, Bangalore, Karnataka - 560003, INDIA

B57172132

 

 

FIXED ASSETS:

 

·         Land

·         Land and Building

·         Plant and Machinery

·         Furniture and Fixture

·         Office Equipments

·         Vehicles

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

1]         INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

 

2]         Court Declaration :

No exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

 

3]         Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

 

4]         Record on Financial Crime :

            Charges or conviction registered against subject:                                                           None

 

5]         Records on Violation of Anti-Corruption Laws :

            Charges or investigation registered against subject:                                                        None

 

6]         Records on Int’l Anti-Money Laundering Laws/Standards :

            Charges or investigation registered against subject:                                                        None

 

7]         Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

 

8]         Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

 

9]         Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

 

10]        Press Report :

            No press reports / filings exists on the subject.

 

 

CORPORATE GOVERNANCE

 

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

 

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

 

 

CONTRAVENTION

 

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs. 61.89

UK Pound

1

Rs. 93.92

Euro

1

Rs. 72.00

 

 

INFORMATION DETAILS

 

Information Gathered by :

PRA

 

 

Analysis Done by :

DIV

 

 

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

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

YES

--AFFILIATION

YES/NO

YES

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTERS 

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

44

 

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

-

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.