MIRA INFORM REPORT
|
Report No. : |
330888 |
|
Report Date : |
07.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ARVIND PD COMPOSITES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Arvind Mills Premises, |
|
Tel. No.: |
91-79-30138108 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
02.07.2011 |
|
|
|
|
Com. Reg. No.: |
04-066160 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.760 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120GJ2011PTC066160 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA11078E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAJCA7958D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is primarily engaged in the business of Manufacturing
Glass Fabric, woven fabrics, multi axial glass fabrics, mesh Fabrics, etc. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 400000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. The company has incurred a loss during 2014. However, general financial
position of the company seems to be decent. The rating also takes into consideration continuous support from its
parent and JV Partner. Trade relations are reported as fair. Business is active. Payment
terms are reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
CARE |
|
Rating |
Long term bank Facilities : BBB- |
|
Rating Explanation |
Have Moderate degree of safety and carry moderate
credit risk |
|
Date |
13.08.2014 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term bank Facilities : A3 |
|
Rating Explanation |
Have Moderate degree of safety and carry
higher credit risk |
|
Date |
13.08.2014 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2013.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Ms. Aarti |
|
Designation : |
Finance Head |
|
Contact No.: |
91-9998043504 |
|
Date : |
06.07.2015 |
LOCATIONS
|
Registered Office : |
Arvind Mills Premises, |
|
Tel. No.: |
91-79-30138108 |
|
Mobile No. |
91-9998043504 (Ms. Aarti) |
|
Fax No.: |
91-79-30138668 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
Survey No. 1288 – P, Post Moti Bhoyan Taluka Kalol Gandhinagar -
382721, Gujarat, India |
|
Tel. No.: |
91-2764-395000 |
|
Fax No.: |
91-2764-396220 |
DIRECTORS
As on 26.09.2014
|
Name : |
Mr. Punit Sanjay Lalbhai |
|
Designation : |
Director |
|
Address : |
Lalbaug, Shahibaug, Ahmedabad -380004, |
|
Date of Birth/Age : |
12.03.1982 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
05125502 |
|
|
|
|
Name : |
Mr. Jayesh Kanitlal Shah |
|
Designation : |
Director |
|
Address : |
26 Amaltas Bungalows, Vasrapur, Ahmedabad – 380015, Gujarat,
India |
|
Date of Birth/Age : |
25.05.1960 |
|
Date of Appointment : |
28.09.2012 |
|
DIN No.: |
00008349 |
|
|
|
|
Name : |
Mr. Joeran Hansjuergen Pfuhl |
|
Designation : |
Director |
|
Address : |
Am Wasserhaeuschen 23, Wilsdruff - 01723, Germany |
|
Date of Birth/Age : |
07.01.1975 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
06619672 |
|
|
|
|
Name : |
Mr. Stefan Alexander Preiss Daimler |
|
Designation : |
Director |
|
Address : |
Tannenstr 28 B, Dresden – 01095, Germany |
|
Date of Birth/Age : |
18.09.1981 |
|
Date of Appointment : |
26.09.2014 |
|
DIN No.: |
06822046 |
KEY EXECUTIVES
|
Name : |
Ms. Aarti |
|
Designation : |
Finance Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Aravind limited, |
|
101999 |
|
Jagsih Dalal |
|
1 |
|
P-D Glasseiden GmbH Oschatz |
|
98000 |
|
Total |
|
200000 |
As on 20.10.2014
|
Names of Allottees |
|
No. of Shares |
|
Aravind limited, |
|
12390 |
|
P.D Glasseiden Gmbh |
|
11904 |
|
Total |
|
24294 |
As on 20.02.2015
|
Names of Allottees |
|
No. of Shares |
|
Aravind limited, |
|
15249 |
|
P.D Glasseiden Gmbh |
|
14651 |
|
Total |
|
29900 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companies(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
49.00 |
|
Bodies corporate |
51.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is primarily engaged in the business of Manufacturing
Glass Fabric, woven fabrics, multi axial glass fabrics, mesh Fabrics, etc. |
||||
|
|
|
||||
|
Products : |
|
||||
|
|
|
||||
|
Brand Names : |
Not Divulged |
||||
|
|
|
||||
|
Agencies Held : |
Not Divulged |
||||
|
|
|
||||
|
Exports : |
|
||||
|
Products : |
Finished Goods |
||||
|
Countries : |
Germany |
||||
|
|
|
||||
|
Imports : |
|
||||
|
Products : |
Raw Material |
||||
|
Countries : |
|
||||
|
|
|
||||
|
Terms : |
|
|
Selling : |
Advance Payment, Credit and Bank Transfer |
|
|
|
|
Purchasing : |
Advance Payment, Credit and Bank Transfer |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Customers : |
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
· State Bank of India, Commercial Branch, "Paramsiddhi" Complex, Near Mahakant Building, Ellisbridge, Ahmedabad - 380006, Gujarat, India |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
Sorab
S Engineer and Company Chartered Accountants |
|
Address : |
909,
Atma, House, Opposite, Old Rbi , Ashram Road, Ahmedabad, Gujarat, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS5191E |
|
|
|
|
Memberships : |
Not Divulged |
|
|
|
|
Collaborators : |
Not Divulged |
|
|
|
|
Holding company : |
·
Arvind Limited (L17119GJ1931PLC000093), India |
|
|
|
|
Associate : |
·
P-D Glasseiden Gmbh Oschatz-Germany |
CAPITAL STRUCTURE
After 26.09.2014
Authorised Capital : Rs.4.000
Million
Issued, Subscribed & Paid-up Capital : Rs. 2.542
Million
As on 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000
Million |
|
|
|
|
|
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
200000 |
Equity Shares |
Rs.10/- each |
Rs.2.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
176000 |
Equity Shares |
Rs.10/- each |
Rs.1.760
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 |
1.760 |
1.150 |
0.810 |
|
(b) Reserves &
Surplus |
93.599 |
78.353 |
60.390 |
|
(c) Money received
against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application
money pending allotment |
43.500 |
13.960 |
0.000 |
|
Total Shareholders’ Funds
(1) + (2) |
138.859 |
93.463 |
61.200 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
84.232 |
74.419 |
6.781 |
|
(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 |
0.289 |
0.169 |
0.000 |
|
Total Non-current
Liabilities (3) |
84.521 |
74.588 |
6.781 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
37.909 |
25.858 |
0.306 |
|
(b) Trade payables |
22.404 |
46.639 |
0.323 |
|
(c) Other current
liabilities |
16.323 |
9.853 |
0.001 |
|
(d) Short-term provisions |
0.006 |
0.003 |
0.000 |
|
Total Current Liabilities
(4) |
76.642 |
82.353 |
0.630 |
|
|
|
|
|
|
TOTAL |
300.022 |
250.404 |
68.611 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
178.424 |
134.958 |
0.000 |
|
(ii) Intangible Assets |
0.076 |
0.095 |
0.000 |
|
(iii) Capital
work-in-progress |
12.875 |
49.184 |
0.949 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.721 |
5.128 |
12.924 |
|
(e) Other Non-current
assets |
11.337 |
5.405 |
0.047 |
|
Total Non-Current Assets |
207.433 |
194.770 |
13.920 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
35.012 |
27.277 |
0.000 |
|
(c) Trade receivables |
41.836 |
15.066 |
0.000 |
|
(d) Cash and cash
equivalents |
4.705 |
3.695 |
54.680 |
|
(e) Short-term loans and
advances |
7.426 |
7.438 |
0.000 |
|
(f) Other current assets |
3.610 |
2.158 |
0.011 |
|
Total Current Assets |
92.589 |
55.634 |
54.691 |
|
|
|
|
|
|
TOTAL |
300.022 |
250.404 |
68.611 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
TOTAL INCOME |
94.510 |
27.395 |
0.000 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
17.888 |
5.833 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
Less |
TAX |
NA |
NA |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(45.144) |
(15.697) |
0.000 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(Rs.) |
256.50 |
NA |
NA |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
12.000 |
6.000 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operations |
(86.093) |
(16.320) |
(12.658) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(47.77) |
(57.30) |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.97 |
1.14 |
0.12 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.21 |
0.68 |
86.81 |
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 |
0.810 |
1.150 |
1.760 |
|
Reserves & Surplus |
60.390 |
78.353 |
93.599 |
|
Share Application money
pending allotment |
0.000 |
13.960 |
43.500 |
|
Net worth |
61.200 |
93.463 |
138.859 |
|
|
|
|
|
|
long-term borrowings |
6.781 |
74.419 |
84.232 |
|
Short term borrowings |
0.306 |
25.858 |
37.909 |
|
Current Maturities of
Long Term Debt |
0.000 |
6.000 |
12.000 |
|
Total borrowings |
7.087 |
106.277 |
134.141 |
|
Debt/Equity ratio |
0.116 |
1.137 |
0.966 |
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 |
0.000 |
27.395 |
94.510 |
|
|
|
244.990 |
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 |
0.000 |
27.395 |
94.510 |
|
Profit/Loss |
0.000 |
(15.697) |
(45.144) |
|
|
0.00% |
(57.30%) |
(47.77%) |
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 three 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 |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10385214 |
29/09/2014 * |
213,300,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, "PARAMSIDDHI" COMPLEX, NEAR
MA |
C33550930 |
* Date of charge modification
FINANCIAL RESULTS
During the year the Company has incurred a net loss of Rs.45.144 Million after depreciation and amortization expense of Rs. 17.888 Million and the same is carried forward to the Balance Sheet.
OPERATIONS
Income from Operations and Other Income for the year ended 31st March, 2014 is Rs. 94.510 Million.
FIXED ASSETS
Tangible
Assets
·
Buildings
·
Factory building
·
Plant and equipment
·
Factory equipment’s
·
Vehicles
·
Motor vehicles
·
Office equipment
·
Other equipment’s
·
Leasehold improvements
Intangible
Assets
·
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 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.63.58 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.70.29 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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
unfavorable 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.