MIRA INFORM REPORT
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Report No. : |
304209 |
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Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
GRAND POLYCOATS COMPANY PRIVATE LIMITED |
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Registered
Office : |
Padra-Jaspur Road, Padra, Vadodara – 391440, Gujarat |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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Date of
Incorporation : |
10.02.1988 |
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Com. Reg. No.: |
04-010350 |
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Capital Investment
/ Paid-up Capital : |
U74999GJ1988PTC010350 |
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CIN No.: [Company Identification
No.] |
Rs. 62.883 Millions |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturing of Coating Paints compounds, blends and
alloys of Engineering Polymers. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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. Management of the company has not filed its financial i.e. 2014 with the
government department. As per available financial of 2013, there seems some dip in the profit
of the company however, net worth of the company is satisfactory. General
financial position of the company seems to be normal and acceptable for business
dealings. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BBB-” |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
03.01.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A3” |
|
Rating Explanation |
Moderate degrre of safety and higher credit risk. |
|
Date |
03.01.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter in
the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
INFORMATION DENIED BY
|
Name : |
Ms. Gautami |
|
Designation : |
Office Executive |
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Contact No.: |
91-265-3064200 |
|
Date : |
19.01.2015 |
LOCATIONS
|
Registered Office / Factory : |
Padra-Jaspur Road, Padra, Vadodara – 391440, Gujarat, India |
|
Tel. No.: |
91-2662-304200 / 304201 / 221345 / 222462 / 222935 |
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Fax No.: |
91-2662-223462 / 2337022 |
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E-Mail : |
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Head Office : |
204, Siddharth Complex, R C Dutt Road 5, Vadodara – 390007, Gujarat,
India |
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Tel. No.: |
91-2662-304200 / 304201 |
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Fax No.: |
91-2662-2337022 / 223462 |
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E-Mail : |
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Website : |
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Branch Office 1 : |
E-2/12, 1st Floor, Malviya Nagar, New Delhi – 110017, India |
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Tel. No.: |
91-11-6599116 / 26676136 |
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|
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Branch Office 2 : |
10, 2nd Floor, Cison Complex, 150, Montieth Road, Egmore,
Chennai – 600008, Tamilnadu, India |
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Tel. No.: |
91-44-28585881 |
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Fax No.: |
91-44-28547898 |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Maulik Chandraketu Mehta |
|
Designation : |
Director |
|
Address : |
604-A, Indraprasta, Oppostie Ellorapark Market, Vadodara – 390007,
Gujarat, India |
|
Date of Birth/Age : |
04.07.1965 |
|
Date of Appointment : |
10.10.2003 |
|
PAN No.: |
AASPM9462C |
|
DIN No.: |
00010848 |
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|
|
|
Name : |
Mr. Bharat Punjalal Chokshi |
|
Designation : |
Managing Director |
|
Address : |
22, Shanti Nagar Society, Dinesh Mill, Vadodara – 390007, Gujarat, India |
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Date of Birth/Age : |
08.08.1958 |
|
Qualification : |
B.Sc. (Chem.) |
|
Date of Appointment : |
10.02.1988 |
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PAN No.: |
ABDPC3438Q |
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DIN No.: |
00111725 |
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|
|
|
Name : |
Ms. Anita Bharat Chokshi |
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Designation : |
Director |
|
Address : |
22, Shanti Nagar Society, Dinesh Mill, Vadodara – 390007, Gujarat, India |
|
Date of Birth/Age : |
20.11.1961 |
|
Date of Appointment : |
10.02.1988 |
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PAN No.: |
ABEPC2755P |
|
DIN No.: |
01654486 |
MAJOR SHAREHOLDERS
As on 30.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage
of Holding |
|
Aditi B. Chokshi |
314400 |
5.00 |
|
Amishi B. Chokshi |
314400 |
5.00 |
|
Ankur B. Chokshi |
115500 |
1.84 |
|
Pravin P. Chokshi |
5544000 |
88.16 |
|
Total |
6288300 |
100.00 |
As on 30.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Importer of Industrial Coating. |
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Products : |
· Guide to Technical Data Sheet · Primer · Intermediates · Top Coat · Speciality Coating · Elastomeric Coating · Floor Coating · Miscellaneous Coating · Polyurea · Polyurethane Elastomeric Coatings · Concrete Preservation Treatment Solutions · Glass Coatings · Brass Coatings · Coatings Castings · Weldable Coatings ·
Electrostatic Dissipative Tank Coatings for
Plastic |
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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 : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
·
Bank of Baroda, Sayajigunj, Vadodara - 390005,
Gujarat, India ·
Small Industries Development Bank of India, Vikas
Deep 22, Station Road, Lucknow – 226019, Uttar Pradesh, India |
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Facilities : |
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Auditors : |
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|
Name : |
Shah and Bhandari Chartered Accountants |
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Address : |
38/101, Gautam Nagar, Race Course, Vadodara – 390007, Gujarat, India |
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PAN No.: |
AANFS8293E |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Associate: |
· Admark Polycoats Private Limited · Infinity Consultants Limited |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs. 10/- each |
Rs. 75.000 millions |
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6288300 |
Equity Shares |
Rs. 10/- each |
Rs. 62.883
millions |
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|
|
|
|
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 |
62.883 |
62.883 |
62.883 |
|
(b) Reserves & Surplus |
271.215 |
250.511 |
210.306 |
|
(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) |
334.098 |
313.394 |
273.189 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.804 |
0.830 |
1.610 |
|
(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) |
0.804 |
0.830 |
1.610 |
|
|
|
|
|
|
(4) Current Liabilities |
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|
|
|
(a) Short
term borrowings |
43.328 |
47.449 |
55.433 |
|
(b) Trade
payables |
123.007 |
119.886 |
135.509 |
|
(c) Other
current liabilities |
4.810 |
5.210 |
6.665 |
|
(d) Short-term
provisions |
18.731 |
11.416 |
7.579 |
|
Total Current
Liabilities (4) |
189.876 |
183.961 |
205.186 |
|
|
|
|
|
|
TOTAL |
524.778 |
498.185 |
479.985 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
73.488 |
58.328 |
61.258 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
6.811 |
0.433 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.008 |
0.008 |
0.008 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
28.365 |
38.667 |
28.355 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
101.861 |
103.814 |
90.054 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
71.825 |
62.897 |
56.957 |
|
(c) Trade receivables |
300.574 |
281.866 |
284.033 |
|
(d) Cash
and cash equivalents |
44.445 |
40.977 |
38.757 |
|
(e)
Short-term loans and advances |
6.073 |
8.631 |
10.184 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
422.917 |
394.371 |
389.931 |
|
|
|
|
|
|
TOTAL |
524.778 |
498.185 |
479.985 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
823.723 |
823.266 |
818.613 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
39.394 |
69.951 |
78.019 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
2.667 |
4.316 |
2.698 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
36.727 |
65.635 |
75.321 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
9.364 |
8.853 |
9.215 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
27.363 |
56.782 |
66.106 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.659 |
16.578 |
22.643 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX (G-H) (I) |
20.704 |
40.204 |
43.463 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
146.719 |
106.515 |
63.052 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
167.423 |
146.719 |
106.515 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
0.000 |
0.372 |
4.532 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
NA |
64.581 |
|
|
|
Others |
NA |
NA |
0.119 |
|
|
TOTAL IMPORTS |
NA |
NA |
64.700 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
3.29 |
6.39 |
6.91 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT/Sales) |
(%) |
2.51 |
4.88 |
9.53 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
4.78
|
8.49 |
9.53 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.21
|
11.56 |
13.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.18 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.13
|
0.15 |
0.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.23
|
2.14 |
1.90 |
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 |
62.883 |
62.883 |
62.883 |
|
Reserves & Surplus |
210.306 |
250.511 |
271.215 |
|
Net
worth |
273.189 |
313.394 |
334.098 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
55.433 |
47.449 |
43.328 |
|
Total
borrowings |
55.433 |
47.449 |
43.328 |
|
Debt/Equity
ratio |
0.203 |
0.151 |
0.130 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
818.613 |
823.266 |
823.723 |
|
|
|
0.568 |
0.056 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Millions) |
(Rs.
In Millions) |
(Rs.
In Millions) |
|
Sales |
818.613 |
823.266 |
823.723 |
|
Profit |
43.463 |
40.204 |
20.704 |
|
|
5.31% |
4.88% |
2.51% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES OF
LONG TERM DEBTS: 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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details (if
applicable) |
No |
|
21] |
Market information |
----- |
|
22] |
Litigations that the firm
/ promoter involved in |
----- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
----- |
|
26] |
Buyer visit details |
----- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
No |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director,
if available |
Yes |
|
32] |
PAN of
Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Note
Registered of the company has been shifted
from 204,
Siddhartha Complex, R C Dutt Road 5, Vadodara – 390007, Gujarat, India to the
present address w.e.f 24.08.2009
UNSECURED LOANS
|
PARTICULAR |
31.03.2013 (Rs.
In Millions) |
31.03.2012 (Rs.
In Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
Loans and advances from others |
10.500 |
10.500 |
|
Total |
10.500 |
10.500 |
OPERATION REVIEW AND
FUTURE PROSPECTS:
The company has maintained revenue. The revenue from operation
for the financial year is 823.723 Millions as against Rs. 823.266 Millions for
the previous financial year the profit before interest, depreciation for the
financial year is Rs. 39.394 Millions as against 69.951 Millions of the
previous financial year.
FUTURE OUTLOOKS:
It is expected that the Company will register substantial growth in coming year. The Company has built up a solid foundation and it will scale greater heights in the years to come.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10069386 |
01/09/2007 |
32,500,000.00 |
BANK OF BARODA |
SAYAJIGUNJ, VADODARA, Gujarat - 390005, INDIA |
A23996606 |
|
2 |
10027374 |
11/10/2006 |
19,500,000.00 |
BANK OF BARODA |
SAYAJIGUNJ, VADODARA, Gujarat - 390005, INDIA |
A06469456 |
|
3 |
90109492 |
30/09/1996 |
250,000.00 |
SMALL INDUSTRIAL DEVELOPMENT BANK OF INDIA |
VIKAS DEEP, 22 STATION ROAD, LOCKNOW, Uttar Pradesh - 226019, INDIA |
- |
|
4 |
90111993 |
08/07/1989 * |
300,000.00 |
BANK OF INDIA |
UNIVERSITY ROAD BRANCH, VADODARA, Gujarat, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Office Equipment
· Computer Equipments
·
Other Equipments
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.61.85 |
|
|
1 |
Rs.93.26 |
|
Euro |
1 |
Rs.77.57 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ART |
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 |
4 |
|
--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 |
YES |
|
--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.