MIRA
INFORM REPORT
|
Report No. : |
330170 |
|
Report Date : |
02.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
RATHI TRANSPOWER PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
LOVEJOY INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Rathi Chambers 7, |
|
Tel. No.: |
91-20-30517201 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
17.08.1983 |
|
|
|
|
Com. Reg. No.: |
11-030634 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.350 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199MH1983PTC030634 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of couplings. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established private limited company incorporated in the
year 1983, having satisfactory track. Rating takes into consideration the above average financial risk
profile of the company marked by low gearing, strong net worth base and high
profit margin. Trade relations are fair. Business is active. Payment terms are
regular and as per commitments. The company can be considered for business dealings with 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
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Rajendra Shirsagar |
|
Designation : |
Deputy General Manager |
|
Contact No.: |
91-20-30517201 |
|
Date : |
01.07.2015 |
LOCATIONS
|
Registered Office : |
Rathi Chambers 7, Deccan College Road, Pune – 411006, Maharashtra,
India |
|
Tel. No.: |
91-20-30517201 |
|
Fax No.: |
91-20-30517212 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Gat No.144/145, Alandi Markal Road, Pune – 412105, Maharashtra, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Madhusudan Laxminarayan Rathi |
|
Designation : |
Managing director |
|
Address : |
B 4, Abhimanshree Society, Pashan Road, Pune – 411008, Maharashtra,
India |
|
Date of Birth/Age : |
13.08.1940 |
|
Date of Appointment : |
30.09.1996 |
|
DIN No.: |
00084455 |
|
|
|
|
Name : |
Mr. Praveen Toshniwal |
|
Designation : |
Director |
|
Address : |
3, Dr. Roshnsingh Bhand Marg, Indore – 452003, Madhya Pradesh, India |
|
Date of Appointment : |
04.01.2005 |
|
DIN No.: |
00474878 |
|
|
|
|
Name : |
Mr. Tarun Mohan Motwani |
|
Designation : |
Director |
|
Address : |
Flat No. 52, Park Plaz, 5th Floor, Andheri (West), Mumbai –
400041, Maharashtra, India |
|
Date of Birth/Age : |
10.05.1971 |
|
Date of Appointment : |
15.09.2004 |
|
DIN No.: |
01688065 |
|
|
|
|
Name : |
Mr. Subhash Jashavantlal Mehta |
|
Designation : |
Director |
|
Address : |
Neelanjali Co-operative Housing Society, Plot No. 19, S No. 211,
Verwada, Pune – 411006, Maharashtra, India |
|
Date of Birth/Age : |
25.09.1949 |
|
Date of Appointment : |
30.09.1997 |
|
DIN No.: |
02035322 |
|
|
|
|
Name : |
Mr. Adit Madhusudan Rathi |
|
Designation : |
Director |
|
Address : |
B 4, Abhimanshree Society, Pashan Road, Pune – 411008, Maharashtra, India |
|
Date of Birth/Age : |
10.09.1970 |
|
Date of Appointment : |
19.03.2013 |
|
DIN No.: |
00084380 |
KEY EXECUTIVES
|
Name : |
Mr. Rajendra Shirsagar |
|
Designation : |
Deputy General Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rathi L. Madhusudan |
|
273411 |
|
Rathi L. Sunderbai |
|
43986 |
|
Rathi M. Prema |
|
248436 |
|
Rathi M. Adit |
|
177600 |
|
Rathi A. Priyanka |
|
84567 |
|
Rathi L. Madhusudan |
|
207000 |
|
Total |
|
1035000 |
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, Exporter and Importer of couplings. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished goods |
|
Countries : |
·
European Countries ·
Africa ·
Australia ·
Brazil ·
South East Asia |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
Germany ·
UK ·
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
Cash / L/C / Credit |
|
|
|
|
Purchasing : |
Cash / L/C / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
200 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
V. K. Karnani and Co. Chartered Accountants |
|
Address : |
7/20 and 29, Tardeo A. C. Market, Tardeo, Mumbai – 400034,
Maharashtra, India |
|
Tel. No.: |
91-22-23514295/23514261 |
|
Fax No.: |
91-22-23514297 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABPK4946Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates Company : |
·
Polybond India
Private Limited ·
Rathi Turboflex Private Limited ·
Lovejoy Finance Private Limited |
|
|
|
|
Partnership Firm: |
·
Rathi Engineering Services |
|
|
|
|
Joint Ventures Company : |
·
Rathi Polybond Private Limited |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,100,000 |
Equity Shares |
Rs.10/- each |
Rs.11.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,035,000 |
Equity Shares |
Rs.10/- each |
Rs.10.350
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
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 |
10.350 |
10.350 |
10.350 |
|
(b) Reserves & Surplus |
288.279 |
242.143 |
187.668 |
|
(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) |
298.629 |
252.493 |
198.018 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
1.167 |
1.949 |
30.730 |
|
(b) Deferred tax liabilities (Net) |
14.225 |
15.275 |
18.088 |
|
(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) |
15.392 |
17.224 |
48.818 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.384 |
0.000 |
|
(b) Trade payables |
44.715 |
35.956 |
56.986 |
|
(c) Other current
liabilities |
20.433 |
19.728 |
19.649 |
|
(d) Short-term provisions |
7.921 |
21.180 |
18.580 |
|
Total Current Liabilities (4) |
73.069 |
77.248 |
95.215 |
|
|
|
|
|
|
TOTAL |
387.090 |
346.965 |
342.051 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
89.632 |
96.585 |
94.847 |
|
(ii) Intangible Assets |
3.033 |
1.881 |
2.573 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.443 |
5.443 |
5.443 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.319 |
2.694 |
2.763 |
|
(e) Other Non-current assets |
1.044 |
1.013 |
3.435 |
|
Total Non-Current Assets |
105.471 |
107.616 |
109.061 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
70.048 |
0.000 |
0.000 |
|
(b) Inventories |
81.232 |
88.888 |
84.412 |
|
(c) Trade receivables |
115.161 |
138.736 |
139.334 |
|
(d) Cash and cash
equivalents |
6.966 |
2.716 |
1.487 |
|
(e) Short-term loans and
advances |
8.112 |
8.917 |
7.621 |
|
(f) Other current assets |
0.100 |
0.092 |
0.136 |
|
Total Current Assets |
281.619 |
239.349 |
232.990 |
|
|
|
|
|
|
TOTAL |
387.090 |
346.965 |
342.051 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
505.282 |
548.932 |
562.624 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
420.896 |
439.008 |
455.975 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
84.386 |
109.924 |
106.649 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.346 |
4.043 |
5.918 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
83.040 |
105.881 |
100.731 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
11.854 |
11.132 |
10.291 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
71.186 |
94.749 |
90.440 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
25.050 |
30.587 |
29.623 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
46.136 |
64.162 |
60.817 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
210.673 |
162.698 |
117.654 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.000 |
6.500 |
6.150 |
|
|
|
Interim Dividend |
0.000 |
8.280 |
8.280 |
|
|
|
Tax on Dividend |
0.000 |
1.407 |
1.343 |
|
|
BALANCE CARRIED
TO THE B/S |
256.809 |
210.673 |
162.698 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
44.57 |
61.99 |
58.76 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
600.000 |
The above information has been parted by Mr. Rajendra Shirsagar (Deputy
General Manager)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
9.13 |
11.69 |
10.81 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
16.70 |
20.03 |
18.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.65 |
27.74 |
26.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.38 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.01 |
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.85 |
3.10 |
2.45 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
10.350 |
10.350 |
10.350 |
|
Reserves & Surplus |
187.668 |
242.143 |
288.279 |
|
Net
worth |
198.018 |
252.493 |
298.629 |
|
|
|
|
|
|
long-term borrowings |
30.730 |
1.949 |
1.167 |
|
Short term borrowings |
0.000 |
0.384 |
0.000 |
|
Total
borrowings |
30.730 |
2.333 |
1.167 |
|
Debt/Equity
ratio |
0.155 |
0.009 |
0.004 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
562.624 |
548.932 |
505.282 |
|
|
|
(2.434) |
(7.952) |
NET PROFIT MARGIN
|
Net Profit
Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
562.624 |
548.932 |
505.282 |
|
Profit |
60.817 |
64.162 |
46.136 |
|
|
10.81% |
11.69% |
9.13% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners / Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
Yes |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
|
|
|
Deferred Payment liabilities |
1.167 |
1.949 |
|
Total |
1.167 |
1.949 |
OPERATIONS - OUTLOOK:
The Company performance was affected was on account of advance business conditions prevailing in the economy. Net profit after tax also declined on account recessionary conditions prevailing in the economy.
Sales for the year ended review stood at Rs. 505.282 Million as compared to Rs.548.932 Million for the previous year. Profit after tax for the year stood at Rs. 46.136 Million as against Rs. 64.162 Million recorded in the previous year. Other parameters also fared reasonably well.
Barring unforeseen circumstances the current year should end on a positive note.
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90090587 |
30/04/2005 * |
35,000,000.00 |
BANK OF BARODA |
PUNE CAMP BRANCH, PUNE, Maharashtra - 411001, INDIA |
- |
|
2 |
90084385 |
12/07/2008 * |
65,500,000.00 |
BANK OF BARODA |
CAMP BRANCH, PUNE, Maharashtra - 411001, INDIA |
A46254504 |
|
3 |
90093569 |
31/12/1990 |
3,500,000.00 |
THE M.S.F.C |
NEW EXCLESIOR BLDG 7TH; 8TH; & 9TH FLOORS, A.K. N |
- |
FIXED ASSETS
· Building
· Plant and Machinery
· Research and Development
· Dles
· Moulds
· Furniture and Fixtures
· Of ice Equipment
· Vehicles
· Computer
· Factory Equipment’s
· Electrical installation
· Pattern
· Windmill
· Solar Equipment
· Computer Software
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 records 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.63.62 |
|
|
1 |
Rs.99.89 |
|
Euro |
1 |
Rs.70.76 |
INFORMATION DETAILS
|
Information Gathered
by : |
PRT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
50 |
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.