MIRA INFORM REPORT
|
Report No. : |
304545 |
|
Report Date : |
27.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
R. R. INNOVATIVE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
B-10, Kanmoor House 281/283, Narsi Natha Street, Mumbai – 400009, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
10.04.2012 |
|
|
|
|
Com. Reg. No.: |
11-229370 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 50.000 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24233MH2012PTC229370 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMR29267A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAFCR7908A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Distributor of Chemicals and Fertilizers. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 340000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. External borrowing of the company seems to be huge during 2014. However, trade relations are reported as fair. Business is active.
Payment terms are 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.
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. Mahendra Panchal |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-9833459787 |
|
Date : |
22.01.2015 |
LOCATIONS
|
Registered Office : |
B-10, Kanmoor House 281/283, Narsi Natha Street, Mumbai – 400009,
Maharashtra |
|
Tel. No.: |
91-22-61207777 |
|
Mobile No.: |
91-9833459787 (Mr. Mahendra Panchal) |
|
Fax No.: |
91-22-61207760/ 70 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Administrative and Marketing Office : |
B-9/10, Ground Floor, "Kanmoor House", 281/87, Narsi Natha
Street, Masjid Bunder (West), Mumbai - 400009, Maharashtra, India |
|
Tel. No.: |
91-22-61207777 |
|
Fax No.: |
91-22-61207760 / 70. |
|
E-Mail : |
|
|
|
|
|
Branch Office : |
Office No.8-3-167/D/31, 2nd Floor,Venture-1, Near Central Bank of
India, Hyderabad - 500038, Andhra Pradesh, India |
|
Tel. No.: |
91-40-40123370/ 40153370 |
|
Fax No.: |
91-40-40023360 |
|
E-Mail : |
|
|
|
|
|
Warehouse : |
Bhivandi, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rajan Rajnikant Gadhia |
|
Designation : |
Director |
|
Address : |
502, Wing A, CTS No. 1192, of Versova VLG, Andheri (West), Mumbai –
400061, Maharashtra, India |
|
Date of Birth/Age : |
15.10.1970 |
|
Date of Appointment : |
10.04.2012 |
|
PAN No.: |
AAXPG1966C |
|
DIN No.: |
05183460 |
|
|
|
|
Name : |
Mr. Mahesh Gadhia Rajnikant |
|
Designation : |
Director |
|
Address : |
405, 4th Floor, Shree Panchvati Co-operative Housing
Society Limited. Panch Marg, Versova, Off Yari Road, Andheri (West), Mumbai -
400061, Maharashtra, India |
|
Date of Birth/Age : |
06.09.1972 |
|
Date of Appointment : |
10.04.2012 |
|
PAN No.: |
AAAPG9102H |
|
DIN No.: |
05183464 |
|
|
|
|
Name : |
Mr. Anand Rajnikant Gadhia |
|
Designation : |
Director |
|
Address : |
3, Pam Apartments Co-operative Housing Society Limited, Panch Marg,
Off Yari Road, Andheri (West), Mumbai – 400061, Maharashtra, India |
|
Date of Birth/Age : |
01.08.1975 |
|
Date of Appointment : |
10.04.2012 |
|
PAN No.: |
ACBPG2343R |
|
DIN No.: |
05200184 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mr. RAJAN RAJNIKANT GADHIA |
|
1599974 |
|
Mrs. RADHIKA RAJAN GADHIA |
|
50000 |
|
Mr. MAHESH RAJNIKANT GADHIA |
|
1600000 |
|
Mrs. PURVI MAHESH GADHIA |
|
50000 |
|
Mr. RAJNIKANT NANDLAL GADHIA |
|
50000 |
|
Mr. ANAND RAJNIKANT GADHIA |
|
1600000 |
|
Mrs. NIKITA ANAND GADHIA |
|
50000 |
|
AJAY C.SHAH (HUF) |
|
1 |
|
ALPA A.SHAH |
|
1 |
|
ANIL JAGDISHRAJ SHETH |
|
1 |
|
BEENA M.SHAH |
|
1 |
|
BHARAT GADHIA |
|
1 |
|
CHIMANLAL TEJSHI SHAH |
|
1 |
|
CHIRAG G.GANDHI |
|
1 |
|
HEMA HEMANT GANDHI |
|
1 |
|
HIREN G. GANDHI |
|
1 |
|
JAIKISHAN RATHI HUF |
|
1 |
|
JANVI M. MISTRY |
|
1 |
|
JAYSHREE ASHOK PANCHAMIA |
|
1 |
|
JYOTI C. SHAH |
|
1 |
|
MITESH H. SHAH |
|
1 |
|
MUKESH S. SHAH |
|
1 |
|
RAJIV ALBERT D'SOUZA |
|
1 |
|
RAMA J.SARAF |
|
1 |
|
RITA M. SHAH |
|
1 |
|
SATYANARAYAN KABRA |
|
1 |
|
SHIRISH V. SHAH |
|
1 |
|
SUMAN GUPTA |
|
1 |
|
UMESH SHAH |
|
1 |
|
AJIT P UDANI |
|
1 |
|
DINESH A.SHAH |
|
1 |
|
MADHU RATHI |
|
1 |
|
MITHESH GADHIA |
|
1 |
|
Total |
|
5000000 |
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 : |
Trader and Distributor of Chemicals and Fertilizers. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
|
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (90 days),
Advance Payment |
|
|
|
|
Purchasing : |
Cash and Credit L/C (90 days), Advance Payment |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||
|
|
|
||||||||||||
|
Customers : |
Sanjay Chemical Private Limited, Masjid Bunder |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
|
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Vyas and Joshi Chartered Accountants |
|
Address : |
445/451, 1st Floor, Kalbadevi Road, Opposite Bhangwadi,
Mumbai – 4000002, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFV8514C |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Associates : |
Vital Organics |
|
|
|
|
Sister Concern : |
Name: R. Nandlal and
Sons Address: B-10, Kanmoor
House 281/283, Narsinatha Street, Mumbai – 400009, Maharashtra, India Line of
Business: Trader and Distributor of Chemicals and Fertilizers. |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
50.000 |
50.000 |
|
(b) Reserves &
Surplus |
|
66.564 |
13.060 |
|
(c) Money received
against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
|
116.564 |
63.060 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
355.525 |
308.521 |
|
(b) Deferred tax
liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total Non-current Liabilities
(3) |
|
355.525 |
308.521 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
138.754 |
95.105 |
|
(b) Trade payables |
|
1244.284 |
1068.911 |
|
(c) Other current
liabilities |
|
25.269 |
18.624 |
|
(d) Short-term provisions |
|
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
|
1408.307 |
1182.640 |
|
|
|
|
|
|
TOTAL |
|
1880.396 |
1554.221 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
37.004 |
18.008 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
|
0.000 |
0.000 |
|
(b) Non-current
Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
67.044 |
57.189 |
|
(e) Other Non-current
assets |
|
|
|
|
Total Non-Current Assets |
|
104.048 |
75.197 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
191.046 |
119.984 |
|
(c) Trade receivables |
|
1577.234 |
1344.238 |
|
(d) Cash and cash
equivalents |
|
8.068 |
11.302 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current assets |
|
0.000 |
3.500 |
|
Total Current Assets |
|
1776.348 |
1479.024 |
|
|
|
|
|
|
TOTAL |
|
1880.396 |
1554.221 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
5638.179 |
2249.616 |
|
|
Other Income |
|
NA |
NA |
|
|
TOTAL Income |
|
NA |
NA |
|
|
|
|
|
|
|
|
TOTAL EXPENSES |
|
5546.209 |
2225.577 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
91.970 |
24.039 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
33.136 |
10.935 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
58.834 |
13.104 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
5.330 |
0.044 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
53.504 |
13.060 |
|
|
|
|
|
|
|
Less |
TAX |
|
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
|
53.504 |
13.060 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
10.7 |
2.61 |
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
0.95 |
0.58 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
|
1.63 |
1.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
2.85 |
0.84 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.46 |
0.21 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
4.24 |
6.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.26 |
1.25 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
50.000 |
50.000 |
|
Reserves & Surplus |
13.060 |
66.564 |
|
Net worth |
63.060 |
116.564 |
|
|
|
|
|
long-term borrowings |
308.521 |
355.525 |
|
Short term borrowings |
95.105 |
138.754 |
|
Total borrowings |
403.626 |
494.279 |
|
Debt/Equity ratio |
6.401 |
4.240 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2249.616 |
5638.179 |
|
|
--- |
150.629 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
2249.616 |
5638.179 |
|
Profit |
13.060 |
53.504 |
|
|
0.58% |
0.95% |
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 |
No |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
two years |
Yes |
|
12] |
Profitability for last t
two 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 |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification
|
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10379124 |
24/06/2014 * |
550,700,000.00 |
Standard Chartered Bank |
SME Credit, Crescenzo, 3A/F, Plot no. C-38
& 39, |
C09094137 |
|
2 |
10355552 |
29/09/2014 * |
165,000,000.00 |
YES BANK LIMITED |
9 THE FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,
DR ANNIE BESANT RAOD, WORLI,, MUMBAI, Maharashtra - 400018, INDIA |
C35723956 |
|
3 |
10352032 |
18/02/2014 * |
359,000,000.00 |
Standard Chartered Bank |
SME Credit, Crescenzo, 3A/F, Plot no. C-38
& 39, G Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra -
400051, INDIA |
C00469205 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Terms loans from bank |
14.234 |
16.300 |
|
Others loans and advances |
341.291 |
292.221 |
|
Total |
355.525 |
308.521 |
FIXED ASSETS
- Buildings
- Office building
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipment’s
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 : |
GYT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
RCH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.