MIRA INFORM REPORT
|
Report No. : |
301666 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
GANGOTRI INORGANIC PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 311, Anand Mangal 1, Behind Femina Town, C.G. Road, Navrangpura,
Ahmedabad – 380009, Gujarat |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.07.1997 |
|
|
|
|
Com. Reg. No.: |
04-032688 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
R.6.689 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24110GJ1997PTC032688 |
|
|
|
|
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 and Exporter of calcium carbonate precipitated
/IP/BP/USP. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 44000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. The rating takes into consideration company’s sound operational risk
profile and fair profitability margins of the company. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. The company can be considered 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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
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 PARTED BY
|
Name : |
Mr. Rajesh Tiwari |
|
Designation : |
Director |
|
Contact No.: |
91-9725738888 |
|
Date : |
22.01.2015 |
LOCATIONS
|
Registered Office : |
No. 311, Anand Mangal 1, Behind Femina Town, C.G. Road, Navrangpura,
Ahmedabad – 380009, Gujarat, India |
|
Tel. No.: |
91-79-30026789 |
|
Mobile No.: |
91-9725738888 (Mr. Rajesh Tiwari) |
|
Fax No.: |
91-79-40077773 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
S N.: 379, Majra Road, Talod District, Shivakant – 383215, Gujarat,
India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Dinesh Kumar Patel |
|
Designation : |
Director |
|
Address : |
T – 2, Plot No. 208, Surbhi Apartment, 3rd Floor, Sector –
29, Gandhinagar – 382029, Gujarat, India |
|
Date of Birth/Age : |
20.05.1957 |
|
Date of Appointment : |
17.07.1997 |
|
DIN No.: |
02366109 |
|
|
|
|
Name : |
Mr. Jayantilal Manilal Patel |
|
Designation : |
Director |
|
Address : |
Shantinagar Society, Modasa Road, Talod, Sabarkantha – 383215,
Gujarat, India |
|
Date of Birth/Age : |
31.05.1960 |
|
Date of Appointment : |
17.11.1997 |
|
DIN No.: |
00480373 |
|
|
|
|
Name : |
Mr. Architkumar Jayantibhai Pokar |
|
Designation : |
Additional director |
|
Address : |
Shantinagar Society, Modasa Road, Talod, Sabarkantha – 383215,
Gujarat, India |
|
Date of Birth/Age : |
08.08.1984 |
|
Date of Appointment : |
06.08.2010 |
|
DIN No.: |
02988211 |
|
|
|
|
Name : |
Mr. Bhavinkumar Dineshkumar Patel |
|
Designation : |
Additional director |
|
Address : |
208- T 2, CHH – Type Quarters, Sector – 29, Gandhinagar – 382029,
Gujarat, India |
|
Date of Birth/Age : |
13.08.1981 |
|
Date of Appointment : |
06.08.2010 |
|
DIN No.: |
03163453 |
|
|
|
|
Name : |
Mr. Rajesh Tiwari |
|
Designation : |
Director |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Dineshbhai M Patel |
|
21778 |
|
Jayantilal Manilal Patel |
|
11390 |
|
Patel Bhavin |
|
5900 |
|
Architkumar Jayantibhai Pokar |
|
5209 |
|
Zaverben M Patel |
|
2379 |
|
Hansaben D Patel |
|
8572 |
|
Damyanti M Patel |
|
4922 |
|
Prashant N Poker |
|
3314 |
|
Pritiben B Patel |
|
1113 |
|
Kasturaben N Patel |
|
776 |
|
Hiralben N Patel |
|
1113 |
|
Bhavin D Patel (HUF) |
|
30 |
|
Dinesbhai M Patel |
|
30 |
|
Jayantibhai M Patel (HUF) |
|
30 |
|
Manilal Patel (HUF) |
|
300 |
|
Rashmi A Pokar |
|
30 |
|
|
|
|
|
Total |
|
66886 |
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 and Exporter of calcium carbonate precipitated
/IP/BP/USP. |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Calcium carbonate precipitated /IP/BP/USP. |
|
Countries : |
|
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Advance Payment, Cheque and Credit |
GENERAL INFORMATION
|
Supplier : |
Not Divulged |
|||||||||||||||
|
|
|
|||||||||||||||
|
Customers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
No. of Employees : |
100 (Approximately) |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
|
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah Patel Shukla and Associates Chartered Accountants |
|
Address : |
A-218, Binali Complex, Opposite Torrent Power, Near AEC Cross Road,
Naranpura, Ahmedabad – 380013, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABPFS3451F |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/- each |
Rs. 10.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
66886 |
Equity Shares |
Rs.100/- each |
Rs. 6.689
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 |
6.689 |
6.689 |
5.732 |
|
(b) Reserves & Surplus |
8.430 |
6.420 |
4.107 |
|
(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) |
15.119 |
13.109 |
9.839 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
41.222 |
42.601 |
23.207 |
|
(b) Deferred tax liabilities (Net) |
0.723 |
0.862 |
0.614 |
|
(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) |
41.945 |
43.463 |
23.821 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
16.070 |
9.805 |
9.284 |
|
(c) Other current
liabilities |
0.448 |
0.395 |
0.552 |
|
(d) Short-term
provisions |
0.523 |
0.476 |
0.135 |
|
Total Current
Liabilities (4) |
17.041 |
10.676 |
9.971 |
|
|
|
|
|
|
TOTAL |
74.105 |
67.248 |
43.631 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
40.393 |
33.692 |
9.031 |
|
(ii)
Intangible Assets |
0.027 |
0.031 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
8.767 |
10.268 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
1.076 |
1.076 |
1.769 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.412 |
2.261 |
1.006 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
45.908 |
45.827 |
22.074 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
10.097 |
8.366 |
10.336 |
|
(c) Trade
receivables |
17.923 |
11.376 |
10.378 |
|
(d) Cash
and cash equivalents |
0.177 |
0.475 |
0.768 |
|
(e)
Short-term loans and advances |
0.000 |
1.204 |
0.075 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
28.197 |
21.421 |
21.557 |
|
|
|
|
|
|
TOTAL |
74.105 |
67.248 |
43.631 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
104.506 |
82.894 |
74.132 |
|
|
|
Other Income |
NA |
0.309 |
0.213 |
|
|
|
TOTAL (A) |
NA |
83.203 |
74.345 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
54.369 |
52.017 |
|
|
|
Purchases of Stock-in-Trade |
|
2.489 |
1.576 |
|
|
|
Changes in inventories of Finished Goods Work-in-Progress and Stock-in-Trade |
|
(0.926) |
0.968 |
|
|
|
Employee Benefits Expenses |
|
4.936 |
4.521 |
|
|
|
Other Expenses |
|
14.611 |
9.641 |
|
|
|
TOTAL (B) |
NA |
75.479 |
68.723 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
7.724 |
5.622 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
2.923 |
2.231 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
8.055 |
4.801 |
3.391 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.851 |
2.323 |
1.699 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.204 |
2.478 |
1.692 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.393 |
0.803 |
0.554 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.811 |
1.675 |
1.138 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.282 |
2.607 |
1.469 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED TO
THE B/S |
5.093 |
4.282 |
2.607 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
12.13 |
25.04 |
19.85 |
|
Expected Sales (2014-2015): Rs.200.000 Millions
The above information has been parted by Mr. Rajesh Tiwari (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
0.78 |
2.02 |
1.54 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
NA |
82.75 |
87.28 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.65 |
4.32 |
5.36 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.19 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.73 |
3.25 |
2.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.65 |
2.01 |
2.16 |
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 |
5.732 |
6.689 |
6.689 |
|
Reserves & Surplus |
4.107 |
6.420 |
8.430 |
|
Net worth |
9.839 |
13.109 |
15.119 |
|
|
|
|
|
|
long-term borrowings |
23.207 |
42.601 |
41.222 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total borrowings |
23.207 |
42.601 |
41.222 |
|
Debt/Equity ratio |
2.359 |
3.250 |
2.727 |
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 |
74.132 |
82.894 |
104.506 |
|
|
|
11.819 |
26.072 |
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 |
74.132 |
82.894 |
104.506 |
|
Profit |
1.138 |
1.675 |
0.811 |
|
|
1.54% |
2.02% |
0.78% |
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
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 |
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 |
GENERAL REVIEW
The company’s performance was quite good and satisfactory during the year. During the year the company hos under token expansion of its manufacturing facility of Talod. The company’s turnover of well it Net Profit will be enhance 26% and 26% respectively it will be enhanced though this expansion in coming years Directors are hopeful that the company shall be able to achieve its target of Net Profit with taking more benefit of theit expanding manufacturing plant facility. The future of the company seems to be bright.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Millions) |
31.03.2013 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Lon advance from related parties |
|
|
|
From Director |
0.722 |
0.192 |
|
From other |
7.649 |
6.283 |
|
Total |
8.371 |
6.475 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10426744 |
09/05/2013 |
3,500,000.00 |
THE MEHSANA URBAN CO-OPERRATIVE BANK LTD. |
CG ROAD BRANCH, NAVRANGPURA, AHMEDABAD, Gujarat - |
B75461764 |
|
2 |
10329163 |
14/12/2011 |
20,000,000.00 |
The Mehsana Urban Cooperative Bank Limited |
C G Road Branch, Navrangpura, Ahmedabad, Gujarat |
B29604543 |
|
3 |
10328900 |
14/12/2011 |
35,500,000.00 |
The Mehsana Urban Cooperative Bank Limited |
C G Road Branch, Navrangpura, Ahmedabad, Gujarat |
B29604907 |
|
4 |
10273765 |
18/07/2014 * |
10,000,000.00 |
THE MEHSANA URBAN CO-OPERRATIVE BANK LTD. |
CG ROAD BRANCH, NAVRANGPURA, AHMEDABAD, Gujarat - |
C15605637 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Office
Furniture
- Electrification
- Air
Condition
- Water Filter
- Tools
- Mobile
- Vehicle
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.61.50 |
|
|
1 |
Rs.92.16 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Information
Gathered by : |
SNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SNT |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.