MIRA INFORM REPORT
|
Report No. : |
330734 |
|
Report Date : |
07.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
OLYMPIC LAMINATES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Sr. No. 49-50, Karoli, Taluka Kalol, Gandhinagar – 382305, Gujarat |
|
Tel No.: |
91-79-40017979 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
25.09.1999 |
|
|
|
|
Com. Reg. No.: |
04-035650 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.16.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U20299GJ1999PTC035650 |
|
|
|
|
IEC No.: |
Not Divulged |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMA02488D / AHMO00240C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO3029Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
The company is engaged in the business of manufacturing and trading of Decorative Laminated sheets and also engaged in Business of Generation of Power through Windmill. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an old and established incorporated during the year 1999
having a good track record. Available financial indicates company sound financial risk profile
marked by healthy networth position with low borrowings and good
profitability margin of the company. Trade relations are reported as fair. Business is active. Payment terms
are reported to be regular and as per commitment. . In view of long track record and sound financial base, 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.
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Dinesh |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9825093290 |
|
Date : |
04.07.2015 |
LOCATIONS
|
Registered Office / Factory : |
Sr. No. 49-50, Karoli, Taluka Kalol, Gandhinagar – 382305, Gujarat, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825093290 (Mr. Dinesh) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Location : |
Owned [Commercial] |
|
|
|
|
Corporate Office : |
6, 1st Floor, Patel Avenue, Near Gurudwara, S. G. Road,
Ahmedabad – 380059, Gujarat, India |
|
Tel No.: |
91-79-40017979 |
|
|
|
|
Generating office of Wind Energy : |
At Village : Mevasa, Taluka : Dwarka, District : Jamnagar, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Bharatkumar Ambalal Patel |
|
Designation : |
Director |
|
Address : |
9, Sweet Home Society, Shreys Tekra, Ambawadi, Ellisbridge, Ahmedabad
– 380015, Gujarat, India |
|
Date of Birth/Age : |
27.07.1961 |
|
Date of Appointment : |
25.03.1999 |
|
PAN No.: |
ACTPP6556F |
|
DIN No.: |
00203868 |
|
|
|
|
Name : |
Mr. Jitendra Tulsidas Patel |
|
Designation : |
Director |
|
Address : |
11, Manekbaug Society, Satellite Road, Ahmedabad – 380015, Gujarat,
India |
|
Date of Birth/Age : |
15.06.1960 |
|
Date of Appointment : |
09.07.1999 |
|
PAN No.: |
AEOPP2989K |
|
DIN No.: |
00204168 |
|
|
|
|
Name : |
Mr. Arvindkumar Ambalal Patel |
|
Designation : |
Director |
|
Address : |
8, Basant Rajab Park Society, Satellite Road, Ahmedabad – 380015,
Gujarat, India |
|
Date of Birth/Age : |
09.11.1963 |
|
Date of Appointment : |
25.03.1999 |
|
PAN No.: |
AAMPP6695G |
|
DIN No.: |
00211536 |
|
|
|
|
Name : |
Mr. Raj Dinesh Patel |
|
Designation : |
Director |
|
Address : |
7, Swati Bunglow, Near Sujal Bunglow, Shilaj Road, Bodakdev, Ahmedabad - 380054, Gujarat, India |
|
Date of Birth/Age : |
17.11.1981 |
|
Date of Appointment : |
01.08.2014 |
|
DIN No.: |
02565599 |
|
|
|
|
Name : |
Mr. Dinesh Tulsidas Patel |
|
Designation : |
Director |
|
Address : |
Raj Bhavan Meghani Road, Near Sukh Shanti Banglow, Surendranagar, Wadhvan - 363001, Gujarat, India |
|
Date of Birth/Age : |
10.09.1957 |
|
Date of Appointment : |
02.05.2014 |
|
DIN No.: |
06859297 |
KEY EXECUTIVES
|
Name : |
Mr. Dinesh |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Arvindkumar
Ambalal Patel |
218620 |
|
Bharatbhai Ambalal
Patel |
220130 |
|
Bharatbhai
Tulsidas Prasania |
92000 |
|
Bharatbhai
Tulsidas Prasania (HUF) |
64500 |
|
Chetanaben
Parsania |
66500 |
|
Dineshkumar
Tulsidas Patel |
138100 |
|
Dineshkumar
Tulsidas Patel (HUF) |
74400 |
|
Geetaben Ashivinkumar
Patel |
15000 |
|
Hinaben
Bhartkumar Parasania |
47000 |
|
Jay Ashwinbhai
Patel |
257250 |
|
Jitendrakumar
Tulsidas Patel |
133100 |
|
Jitendrakumar
Tulsidas Patel (HUF) |
64500 |
|
Mona Bhartkumar
Patel |
15000 |
|
Nisha Arvindkumar
Patel |
16500 |
|
Raj Dinesh Patel
(HUF) |
86198 |
|
Simagauri
Jitendra Patel |
62000 |
|
Shiv Jitendra
Patel |
79202 |
|
|
|
|
Total |
1650000 |
AS ON 30.09.2014
|
Category |
|
Percentage |
|
|
|
|
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing and trading of Decorative Laminated sheets and also engaged in Business of Generation of Power through Windmill. |
|
|
|
|
Products : |
Decorative Laminated sheets |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Decorative Laminated sheets |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
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Terms : |
|
|
Selling : |
Cash and Credit (60 days / 90 days) |
|
|
|
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Purchasing : |
Cash, L/C and Credit (60 days / 90 days) |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
Pramodkumar Dad and Associates Chartered Accountants |
|
Address : |
402, Shivalik-10, Opp. Sbi Zonal Office,Nr. The Grand Mall, S.M. Road, Ambawadi, Ahmedabad, Gujarat, India |
|
PAN No.: |
AACFP3352Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
--- |
|
|
|
|
Relatives of Key
management personnel: |
|
|
|
|
|
Subsidiary company |
Royal Touch Chemical India Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,650,000 |
Equity Shares |
Rs.10/- each |
Rs.16.500 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1,650,000 |
Equity Shares |
Rs.10/- each |
Rs.16.500 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 |
16.500 |
16.500 |
16.500 |
|
(b) Reserves &
Surplus |
490.285 |
420.368 |
346.643 |
|
(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) |
506.785 |
436.868 |
363.143 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
71.157 |
93.981 |
54.979 |
|
(b) Deferred tax
liabilities (Net) |
23.650 |
21.089 |
15.466 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.234 |
0.154 |
0.167 |
|
Total Non-current
Liabilities (3) |
95.041 |
115.224 |
70.612 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
116.139 |
99.036 |
100.852 |
|
(b) Trade payables |
287.720 |
195.332 |
141.287 |
|
(c) Other current
liabilities |
14.610 |
21.250 |
9.780 |
|
(d) Short-term provisions |
32.433 |
31.565 |
27.866 |
|
Total Current Liabilities
(4) |
450.902 |
347.183 |
279.785 |
|
|
|
|
|
|
TOTAL |
1052.728 |
899.275 |
713.540 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
251.765 |
211.508 |
206.758 |
|
(ii) Intangible Assets |
0.156 |
0.207 |
0.000 |
|
(iii) Capital work-in-progress |
0.125 |
0.000 |
0.000 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
57.247 |
50.347 |
42.230 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
57.280 |
77.684 |
38.901 |
|
(e) Other Non-current
assets |
0.239 |
0.000 |
0.000 |
|
Total Non-Current Assets |
366.812 |
339.746 |
287.889 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
379.519 |
238.689 |
236.800 |
|
(c) Trade receivables |
246.516 |
268.665 |
136.979 |
|
(d) Cash and cash
equivalents |
13.863 |
6.056 |
12.701 |
|
(e) Short-term loans and
advances |
45.209 |
45.799 |
38.988 |
|
(f) Other current assets |
0.809 |
0.320 |
0.183 |
|
Total Current Assets |
685.916 |
559.529 |
425.651 |
|
|
|
|
|
|
TOTAL |
1052.728 |
899.275 |
713.540 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1154.564 |
1142.219 |
1181.826 |
|
|
Other Income |
10.671 |
9.027 |
4.249 |
|
|
TOTAL |
1165.235 |
1151.246 |
1186.075 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL EXPENSES (INCLUDING
FINANCIAL EXPENSES) |
1029.712 |
1010.989 |
1050.948 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
135.523 |
140.257 |
135.127 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
31.035 |
29.898 |
21.540 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
104.488 |
110.359 |
113.587 |
|
|
|
|
|
|
|
Less |
TAX |
34.570 |
36.634 |
37.161 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
69.918 |
73.725 |
76.426 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
160.815 |
122.762 |
88.444 |
|
|
TOTAL EARNINGS |
160.815 |
122.762 |
88.444 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
42.37 |
44.68 |
46.32 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1450.000 |
Expected Sales ( 2015-2016 ) : Rs.1500.000
The above information has been parted by Mr. Dinesh
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
3.558 |
2.202 |
1.455 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow for used in operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.06 |
6.45 |
6.47 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
10.50 |
13.00 |
16.92 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.25 |
0.31 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.38 |
0.45 |
0.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.52 |
1.61 |
1.52 |
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 |
16.500 |
16.500 |
16.500 |
|
Reserves & Surplus |
346.643 |
420.368 |
490.285 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
363.143 |
436.868 |
506.785 |
|
|
|
|
|
|
long-term borrowings |
54.979 |
93.981 |
71.157 |
|
Short term borrowings |
100.852 |
99.036 |
116.139 |
|
Current Maturities of Long
Term Debt |
1.455 |
2.202 |
3.558 |
|
Total borrowings |
157.286 |
195.219 |
190.854 |
|
Debt/Equity ratio |
0.433 |
0.447 |
0.377 |
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) |
|
Sales |
1181.826 |
1142.219 |
1154.564 |
|
|
|
(3.351) |
1.081 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
1181.826 |
1142.219 |
1154.564 |
|
Profit |
76.426 |
73.725 |
69.918 |
|
|
6.47% |
6.45% |
6.06% |
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 |
COMPANY’S PERFORMANCE:
The Company has earned net Profit of Rs. 69.918 Million on a total income of Rs. 1165.235 Million during the financial year as compared to the previous year’s net profit of Rs. 73.725 Million on a total income of Rs. 1151.246 Million. In order to conserve reserve during the year directors do not recommend any dividend for the financial year ended, March 31, 2014.
CORPORATE INFORMATION
Olympic Laminates Private Limited was incorporated on 25-03-1999 and is engaged in the business of Manufacturing and Trading of Decorative Laminated sheets and also engaged in Business of Generation of Power through Windmill with capacity of 1.25 MW at wind farm consisting of 1(one) Wind Turbine Generator (used for generating Wind Energy) at Village : Mevasa, Taluka : Dwarka, District : Jamnagar, State : Gujarat.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10339857 |
19/02/2013 * |
213,000,000.00 |
ICICI BANK LIMITED |
LANDMARKRACE COURCE CIRCLE, ALKAPURI, BARODA, GUJ |
B69266492 |
|
2 |
10333207 |
18/02/2013 * |
213,000,000.00 |
ICICI BANK LIMITED |
LANDMARK RACE COURCE CIRCLE, ALKAPURI, BARODA, GU |
B69265858 |
* Date of charge modification
FIXED ASSETS
Tangible Assets
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Land
- Office equipment
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 : |
MNJ |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--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 |
|
53 |
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.