MIRA
INFORM REPORT
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Report No. : |
305541 |
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Report Date : |
30.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
GILL AND COMPANY PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, N T C House, N M Marg, Ballard Estate, Mumbai –
400038, |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.02.1947 |
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Com. Reg. No.: |
11-005589 |
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Capital Investment
/ Paid-up Capital : |
Rs.9.000 Millions |
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CIN No.: [Company Identification
No.] |
U51491MH1947PTC005589 |
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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.] |
MUMG08500C |
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PAN No.: [Permanent Account No.] |
AAACG3743M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company has following businesses: a) To carry on business of cotton bales as cotton merchants, brokers and mukkadams. b) Dealing in commodities, seeds, commission income and investment income. |
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No. of Employees
: |
Information denied by management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject is an established company having satisfactory track record. Profit of the company has declined during financial year 2014. However, the rating takes into consideration company’s established
market position in cotton exports, backed by its longstanding presence in the
industry and sound liquidity profile 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 dealing at usual trade
terms and condition. |
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 = BBB – |
|
Rating Explanation |
Moderate credit quality and average credit
risk. |
|
Date |
13.12.2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
13.12.2013 |
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 : |
Not Divulged |
|
Designation : |
Reception |
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Contact No.: |
91-22-22615001 |
|
Date : |
29.01.2015 |
LOCATIONS
|
Registered Office : |
2nd Floor, N T C House, N M Marg, Ballard Estate, Mumbai
400038, |
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Tel. No.: |
91-22-22615001 / 02 / 03 / 04 |
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Fax No.: |
91-22-22655069 / 22620598 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Offices : |
Located At: ·
Adoni ·
Amravati ·
Ahmedabad ·
Aurangabad ·
Bhatinda ·
Hubli ·
Indore ·
Jalgoan ·
New Delhi |
DIRECTORS
As on 10.10.2014
|
Name : |
Mr. Rishabh Jayant Shah |
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Designation : |
Additional Director |
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Address : |
15, |
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Date of Birth/Age : |
15.04.1979 |
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Date of Appointment : |
02.12.2010 |
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DIN No.: |
01397806 |
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Name : |
Mr. Jayant Bhogilal Shah |
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Designation : |
Director |
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Address : |
15, |
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Date of Birth/Age : |
18.11.1947 |
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Date of Appointment : |
27.02.1990 |
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DIN No.: |
01426873 |
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Name : |
Mr. Mohit Dhirajlal Shah |
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Designation : |
Director |
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Address : |
Yazad-E-Khursheed, Ground Floor, |
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Date of Birth/Age : |
15.09.1974 |
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Date of Appointment : |
11.11.1996 |
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DIN No.: |
02033178 |
MAJOR SHAREHOLDERS
As on 10.10.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 10.10.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
1.58 |
|
Bodies corporate |
2.38 |
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Directors or relatives of Directors |
72.86 |
|
Other top fifty shareholders |
23.18 |
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Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The Company has following businesses: a) To carry on business of cotton bales as cotton merchants, brokers and mukkadams. b) Dealing in commodities, seeds, commission income and investment income. |
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Products : |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
Information denied by management |
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Bankers : |
· Standard Chartered Bank Limited, 90, M.G. Road, Fort, Mumbai-400001, Maharashtra, India ·
Union Bank of India, Industrial Finance Branch,
66/80, Mumbai Samachar Marg, Fort, Mumbai-400023, Maharashtra, India ·
Indian Overseas Bank, Fort Branch, 2/10
Elphinstone Building, Veer Nariman Road, Fort, Mumbai-400023, Maharashtra,
India ·
Kotak Mahindra Bank Limited, 36-38A, Nariman
Bhavan, 227 D, Nariman Point, Mumbai-400021, Maharashtra, India ·
Bank of India, Mumbai, Maharashtra, India ·
ICICI Bank Limited, Fort, Mumbai, Maharashtra,
India ·
Oriental Bank of Commerce |
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Facilities : |
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Auditors : |
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Name : |
S. S. Jhunjhunwala and Company Chartered Accountants |
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Address : |
306, Akruti Arcade Opposite, |
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PAN No: |
AAGFS6934F |
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Memberships : |
·
International Cotton Association ·
Cotton Association of India ·
Bombay Cotton Merchants & Muccadums Association ·
The Cotton Textile Export Promotion Council, Mumbai ·
Northern India Textile Mills Association ·
The Ahmedabad Cotton Merchant Association ·
The Cotton Textiles Export Promotion Council (Texprocil) ·
Federation of Indian Export Organisations (FIEO) ·
Confederation of Indian Textile Industry (CITI) ·
Hadamtala Industrial Association ·
Saurashtra Ginners Association ·
Indian Pulses and Grains Association ·
Northern India Cotton Association ·
Adoni Cotton Merchants Association ·
Central Gujarat Union ·
A.P. Cotton Association ·
Cotton Association.of Indore ·
Southern Gujarat Cotton Dealers Association ·
Central Gujarat Cotton Dealers Association ·
All Gujarat Cotton Ginners Association ·
The Solvent Extractors association of India |
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Collaborators : |
-- |
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Subsidiary : |
· Gill Shyam Cotex Private Limited CIN No.: U51494MH2008PTC182071 · Gill International DMCC (Dubai) |
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Enterprises over
which KMP and relatives of KMP have significant influence : |
· Gill Financing and Investment Company Private Limited · Bombay Allied Contractors Private Limited · Samjas Finance Private Limited · Zejasmerni Investments Private Limited · Meghji Thobhan and Company · Kantilal V. Shah (HUF) · Meghji Thobhan Exports and Import Company Private Limited · Gill Shyam Fibers Private Limited |
CAPITAL STRUCTURE
As on 10.10.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
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|
|
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|
18000 |
Equity Shares |
Rs.500/- each |
Rs.9.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18000 |
Equity Shares |
Rs.500/- each |
Rs.9.000 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 |
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|
(1)Shareholders' Funds |
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(a) Share Capital |
9.000 |
9.000 |
9.000 |
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(b) Reserves & Surplus |
447.382 |
447.354 |
449.009 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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|
|
|
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
456.382 |
456.354 |
458.009 |
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|
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
30.899 |
48.445 |
22.575 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current Liabilities (3) |
30.899 |
48.445 |
22.575 |
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(4) Current Liabilities |
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(a) Short term borrowings |
355.499 |
98.669 |
319.728 |
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(b) Trade payables |
235.864 |
39.712 |
111.571 |
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(c) Other current
liabilities |
58.028 |
18.147 |
69.674 |
|
(d) Short-term provisions |
1.074 |
4.240 |
4.220 |
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Total Current Liabilities (4) |
650.465 |
160.768 |
505.193 |
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TOTAL |
1,137.746 |
665.567 |
985.777 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i) Tangible assets |
98.623 |
109.893 |
116.549 |
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(ii) Intangible Assets |
2.263 |
0.000 |
0.000 |
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(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
10.049 |
10.949 |
10.674 |
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(c) Deferred tax assets (net) |
2.302 |
2.433 |
2.167 |
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(d) Long-term Loan and Advances |
30.539 |
22.801 |
25.541 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.626 |
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Total Non-Current Assets |
143.776 |
146.076 |
155.557 |
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(2) Current assets |
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(a) Current investments |
0.000 |
0.000 |
0.000 |
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(b) Inventories |
211.131 |
78.341 |
337.349 |
|
(c) Trade receivables |
420.742 |
37.860 |
62.648 |
|
(d) Cash and cash
equivalents |
82.992 |
39.467 |
79.390 |
|
(e) Short-term loans and
advances |
252.596 |
292.666 |
273.059 |
|
(f) Other current assets |
26.509 |
71.157 |
77.774 |
|
Total Current Assets |
993.970 |
519.491 |
830.220 |
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TOTAL |
1,137.746 |
665.567 |
985.777 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
7457.869 |
|
7,404.035 |
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Other Income |
18.945 |
|
13.096 |
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TOTAL (A) |
7476.814 |
3312.418 |
7,417.131 |
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Less |
EXPENSES |
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Purchase of Stock-in-trade |
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|
6,616.080 |
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Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
|
|
240.788 |
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Employee Benefits Expenses |
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|
47.182 |
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Other Expenses |
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|
391.752 |
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TOTAL (B) |
7462.069 |
3290.171 |
7,295.802 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
121.329 |
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Less |
FINANCIAL
EXPENSES (D) |
|
|
81.311 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
14.745 |
22.247 |
40.018 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
12.214 |
13.155 |
14.182 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
2.531 |
9.092 |
25.836 |
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Less |
TAX (H) |
1.450 |
6.535 |
10.562 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
1.081 |
2.557 |
15.274 |
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EARNINGS IN
FOREIGN CURRENCY |
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Commissions/Brokerage and Carrying Charges) |
7086.124 |
2685.660 |
6662.417 |
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TOTAL EARNINGS |
7086.124 |
2685.660 |
6662.417 |
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Earnings /
(Loss) Per Share (Rs.) |
60.06 |
NA |
NA |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.01 |
NA |
0.21 |
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Operating Profit Margin (PBDIT/Sales) |
(%) |
0.20 |
NA |
1.64 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.22 |
1.39 |
2.66 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.02 |
0.06 |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.85 |
0.32 |
0.75 |
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Current Ratio (Current Asset/Current Liability) |
|
1.53 |
3.23 |
1.64 |
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 |
9.000 |
9.000 |
9.000 |
|
Reserves & Surplus |
449.009 |
447.354 |
447.382 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
458.009 |
456.354 |
456.382 |
|
|
|
|
|
|
Long Term borrowings |
22.575 |
48.445 |
30.899 |
|
Short Term borrowings |
319.728 |
98.669 |
355.499 |
|
Total
borrowings |
342.303 |
147.114 |
386.398 |
|
Debt/Equity
ratio |
0.747 |
0.322 |
0.847 |
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 |
|
Total Income |
7,417.131 |
3,312.418 |
7,476.814 |
|
|
|
(55.341) |
125.721 |
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
|
7,417.131 |
3,312.418 |
7,476.814 |
|
Total Income |
15.274 |
2.557 |
1.081 |
|
|
0.21% |
0.08% |
0.01% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
Rs.
In Millions
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
1.268 |
1.991 |
1.645 |
|
Total |
1.268 |
1.991 |
1.645 |
|
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 |
No |
|
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 |
Yes |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
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|
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 |
Yes |
LITIGATION DETAILS
|
Case Details |
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Bench:- Bombay |
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Presentation Date: |
18/11/2013 |
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Lodging No. : |
ITXAL/1930/2013 |
Lodging No. : |
18/11/2013 |
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Reg. No.: |
ITXA/597/2014 |
Reg. Date.: |
15/03/2014 |
|||
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Petitioner:- |
The Commissioner Of Income Tax-3, Mu |
Respondent:- |
Gill And Company Private Limited |
|||
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Petn.Adv:- |
Padma Divakar (I3287) |
Resp. Adv.: |
Rohan Prafulla Munj |
|||
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District:- |
MUMBAI |
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Bench:- |
DIVISION |
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Status:- |
Pre-Admission |
Category: |
Tax Appeals |
|||
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Next Date: |
23/04/2014 |
Stage: |
‘For Rejection [Original Side Matters] |
|||
|
Coram:- |
ACCORDING TO SITTING LIST ACCORDING TO SITTING LIST |
|||||
|
Act. : |
Income Tax Act,1961 |
Under Section:
260 A |
||||
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Millions |
31.03.2013 Rs. In Millions |
|
LONG TERM BORROWINGS |
|
|
|
Rupee term loans from others |
2.364 |
3.467 |
|
Loans and advances from related parties |
28.535 |
44.811 |
|
Total |
30.899 |
48.278 |
CORPORATE
INFORMATION:
The Company has following businesses:
a) To carry on business of cotton bales as cotton merchants, brokers and mukkadams.
b) Dealing in commodities, seeds, commission income and investment income.
c) The Company is holding license under NBFC Regulations but does not carry on any business.
YEAR UNDER RETROSPECTS
Though total sales (both domestic and export) was higher compared to previous year, the profit of the Company was adversely effected mainly on account of unexpected excessive weight loss & quality claims that we have received in some of our sale contracts & loss incurred in DFIA license sold, due to less demand, hence received less sale vale. The Company recorded the total income of Rs.7476.814 Millions including the other income of Rs.18.945 Millions as against the income of Rs.3312.418 Millions in the previous year, which shows a quantum jump of 125%. However, the Company earned a lower pre-tax profit was Rs.2.531 Millions as against Rs.9.092 Millions a year ago, a fall of about 72%. The export for the year was Rs.7151.216 Millions as against Rs.2756.821 Millions in the previous year whereas the domestic sales was Rs.184.785 Millions as against Rs.433.716 Millions in the previous year, a decline of 57%.
FUTURE PROSPECTS
Consider the good monsoon in the current year, the country likely to achieve a record production of cotton. Also, there is increased competition from other countries. Though to revive the economic slowdown, the government will have to encourage exports by providing various incentives, it is rather difficult to predict the future of Indian cotton in export market. The Company is fully geared- up to take the opportunity andmaximize the exports.
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10545447 |
30/12/2014 |
940,000.00 |
Union Bank Of India |
Mumbai
Samachar Marg,, Fort, Mumbai, Maharashtra |
C41610999 |
|
2 |
10157376 |
15/05/2009 |
800,000,000.00 |
Standard Chartered Bank |
90, M.G. Road, Fort, Mumbai, Maharashtra - 400001, India |
A61869947 |
|
3 |
10066756 |
23/08/2007 |
500,000,000.00 |
Bank Of India |
Mumbai Corporate Banking Branch , 70/80 M G Road, 4th Floor , Fort, Mumbai, Maharashtra - 400023, INDIA |
A22732275 |
|
4 |
10036207 |
26/11/2009 * |
1,000,000,000.00 |
Standard Chartered Bank |
90, M.G. Road, Fort, Mumbai, Maharashtra - 400001, India |
A74649385 |
|
5 |
90240269 |
22/02/2007 * |
775,000,000.00 |
Union Bank Of India |
Mumbai Samachar Marg Branch,, 66/80, Mumbai Samachar Marg, Fort,, Mumbai, Maharashtra - 400023, India |
- |
|
6 |
80026316 |
22/02/2007 * |
1,010,000,000.00 |
Union Bank Of India |
Mumbai Samachar Marg Branch,, 66/80, Mumbai Samachar Marg, Fort,, Mumbai, Maharashtra - 400023, India |
- |
*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 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.93.12 |
|
Euro |
1 |
Rs.69.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
3 |
|
--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 |
YES |
|
--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 |
|
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.