MIRA INFORM REPORT

 

 

Report No. :

332008

Report Date :

14.05.2015

 

IDENTIFICATION DETAILS

 

Name :

BALAJI RUBBER INDUSTRIES PRIVATE LIMITED

 

 

Registered Office :

Surya Towers 12, Maravaneri Extension, Second Cross, Salem – 636007, Tamilnadu

Tel. No.:

91-427-2452269

 

 

Country :

India

 

 

Financials (as on) :

31.03.2014

 

 

Date of Incorporation :

15.10.1985

 

 

Com. Reg. No.:

18-001683

 

 

Capital Investment / Paid-up Capital :

Rs. 19.438 Million

 

 

CIN No.:

[Company Identification No.]

U02511TZ1985PTC001683

 

 

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 and Exporter of Reclaim Rubber.

 

 

No. of Employees :

50 (Approximately)

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba (45)

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 259000

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Usually Correct

 

 

Litigation :

Clear 

 

 

Comments :

Subject is an established company having satisfactory track record.

 

For the financial year ended 2014, company possesses sound operational risk profile and it has maintained profitability margins at 3.63 %.

 

Rating also takes into consideration company’s sound financial risk profile marked by above net worth base and favorable gap between trade payables to its receivables.

 

Trade relations are fair. Business is active. Payment terms are reported to be usually correct.

 

The company can be considered for business dealings 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.

 

 

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

 

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 (GENERAL DETAILS)

 

Name :

Mr. Rajesh

Designation :

Marketing Department

Contact No.:

91-427-2452269

Date :

13.07.2015

 

 

LOCATIONS

 

Registered/ Administrative Office :

Surya Towers 12, Maravaneri Extension, Second Cross, Salem – 636007, Tamilnadu, India

Tel. No.:

91-427-2452269/ 4047677/ 2452271/ 2452274

Fax No.:

91-427-2452270

E-Mail :

info@rubberreclaim.com

founderchairman76@gmail.com

mkm@rubberreclaim.com

Website :

http://www.rubberreclaim.com

Location :

Owned

Locality :

Industrial

 

 

Factory :

Udupathanpudur Road, Atthanur (Post), Rasipuram, Namakkal – 636301, Tamilnadu, India

 

 

DIRECTORS

 

AS ON 29.09.2014

 

Name :

Mr. Kandasamy Vaidyalingam

Designation :

Director

Address :

2A,Saradha College Road, Hasthampatty, Salem - 636007, Tamil Nadu, India

Date of Birth/Age :

15.03.1954

Date of Appointment :

15.0.1985

DIN No.:

00838925

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U02511TZ1985PTC001683

BALAJI RUBBER INDUSTRIES PRIVATE LIMITED

Director

15/10/1985

15/10/1985

Active

NO

2

U02511TZ1994PTC004887

BALAJI RUBBER AND RECLAIMS PRIVATE LIMITED

Managing director

24/02/1994

24/02/1994

Active

NO

3

U02519TZ1995PTC006804

ESWAR RUBBER PRODUCTS PRIVATE LIMITED

Managing director

26/12/1995

26/12/1995

Active

NO

4

U03210TZ1998PTC008486

LYTON POWER SYSTEMS PRIVATE LIMITED

Managing director

13/07/1998

13/07/1998

Active

NO

5

U40107TN2011PTC082109

LYTON RENEWABLE ENERGY SOLUTIONS PRIVATE LIMITED

Managing director

29/08/2011

29/08/2011

Active

NO

6

U91100MH1951GAT008683

ALL INDIA RUBBER INNDUSTRIES ASSOCIATION

Additional director

24/09/2011

24/09/2011

Active

NO

7

U02511TZ2001PTC009894

BIDAR RUBBER AND RECLAIMS PRIVATE LIMITED

Director

29/09/2011

29/09/2011

Active

NO

 

 

Name :

Mr. Vaidyalingam Sudhakar

Designation :

Managing director

Address :

2a,Saradha College Road, Hasthampatty, Salem - 636007, Tamil Nadu, India

Date of Birth/Age :

24.14.1982

Date of Appointment :

27.07.2011

DIN No.:

00839268

Other Directorship :

S.No.

CIN/LLPIN

Name of the Company/ LLP

Current designation of the Director/ Designated Partner

Date of appointment at current designation

Original date of appointment

Company/ LLP Status

Defaulting status

1

U02511TZ2001PTC009894

BIDAR RUBBER AND RECLAIMS PRIVATE LIMITED

Managing director

26/09/2001

26/09/2001

Active

NO

2

U02511TZ1985PTC001683

BALAJI RUBBER INDUSTRIES PRIVATE LIMITED

Managing director

20/07/2011

07/04/2003

Active

NO

3

U02511TZ1994PTC004887

BALAJI RUBBER AND RECLAIMS PRIVATE LIMITED

Director

29/09/2011

13/06/2011

Active

NO

4

U40107TN2011PTC082109

LYTON RENEWABLE ENERGY SOLUTIONS PRIVATE LIMITED

Additional director

12/12/2011

12/12/2011

Active

NO

5

U02519TZ1995PTC006804

ESWAR RUBBER PRODUCTS PRIVATE LIMITED

Director

28/09/2013

31/01/2013

Active

NO

 

 

KEY EXECUTIVES

 

Name :

Mr. Rajesh

Designation :

Marketing Department

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 29.09.2014

 

Names of Shareholders

No. of Shares

 

Kandasamy Vaidyalingam

9160

S. K. Ganesan

634

J. Rathinam

50

K. Dhanabagyam

50

V. Tamilarasi

252

G. Chitra

4218

C. Prakash

1217

S. Dhavamani

121

C. Jagajothi

30

C. Gopal

35

V. Sudhakar

921

N. Revathi

30

K. Madalyan

20

V. Sahlini

300

SKG sri Balaji, India

150

S. Arun

150

K. Subramani

2100

Total

 

19438

 

 

AS ON 29.09.2014

 

Equity Share Breakup

Percentage of Holding

Category

 

Directors or relatives of directors

100.00

 

 

Total

 

100.00

 

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of Reclaim Rubber.

 

 

Brand Names :

“Balaji Rubber”

 

 

Agencies Held :

--

 

 

Exports :

 

Products :

Reclaim Rubber

Countries :

Sri Lanka

 

 

Imports :

 

Products :

Tyre Scrap

Countries :

Sri Lanka

 

 

Terms :

 

Selling :

Cash, Cheque and Credit (60/ 90 Days)

 

 

Purchasing :

Cash, Cheque and Credit (60/ 90 Days)

 

 

PRODUCTION STATUS: NOT AVAILABLE

 

 

GENERAL INFORMATION

 

Suppliers :

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

Customers :

Retailers and End Users

 

Reference:

Not Divulged

Name of the Person (Designation):

Not Divulged

Contact Number:

Not Divulged

Since how long known:

Not Divulged

Maximum limit dealt:

Not Divulged

Experience:

Not Divulged

Remark

Not Divulged

 

 

No. of Employees :

50 (Approximately)

 

 

Bankers :

Bank Name:

Axis Bank Limited

Branch:

Omalur Main Road, Salem – 636009, Tamilnadu, India

Person Name (with Designation):

Not Divulged

Contact Number:

Not Divulged

Name of Account Holder:

Not Divulged

Account Number:

Not Divulged

Account Since (Date/ Year of A/c Opening):

Not Divulged

Average Balance Maintained (Optional):

Not Divulged

Credit Facilities Enjoyed (CC/OD/Term Loan):

Not Divulged

Account Operation:

Not Divulged

Remarks:

Not Divulged

 

·         State Bank of India, Siruthozhil Branch, Salem - 636007, Tamilnadu, India

 

 

Facilities :

SECURED LOANS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Term Loans from Banks

18.158

21.583

 

 

 

SHORT TERM BORROWINGS

 

 

Cash credit / Bank overdraft

23.668

14.816

 

 

 

Total

 

41.826

36.399

 

Banking Relations :

--

 

 

Financial Institution :

Tamilnadu Industrial Investment Corporation, Arul Manai, Chennai – 466614, Tamilnadu, India

 

 

Auditors :

 

Name :

R. Viswanathan

Chartered Accountants

Address :

61, Dr. Subbarayan Road, Salem – 636001, Tamilnadu, India

Income-tax PAN of auditor or auditor's firm :

ABQPV4644N

 

 

Memberships :

--

 

 

Collaborators :

--

 

 

Associates/Subsidiaries :

Not Available

 

 

CAPITAL STRUCTURE

 

AS ON 31.03.2014

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

20,000

Equity Shares

Rs. 1000/- each

Rs. 20.000 Million

 

 

 

 

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

19,438

Equity Shares

Rs. 1000/- each

Rs. 19.438 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

19.438

19.438

19.438

(b) Reserves & Surplus

71.318

61.712

56.582

(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)

90.756

81.150

76.020

 

 

 

 

(3) Non-Current Liabilities

 

 

 

(a) Long-term borrowings

20.061

27.912

28.443

(b) Deferred tax liabilities (Net)

22.476

16.970

12.812

(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)

42.537

44.882

41.255

 

 

 

 

(4) Current Liabilities

 

 

 

(a) Short term borrowings

23.668

14.816

13.719

(b) Trade payables

11.959

19.517

22.101

(c) Other current liabilities

6.302

4.950

1.371

(d) Short-term provisions

5.178

15.007

8.031

Total Current Liabilities (4)

47.107

54.290

45.222

 

 

 

 

TOTAL

180.400

180.322

162.497

 

 

 

 

II.            ASSETS

 

 

 

(1) Non-current assets

 

 

 

(a) Fixed Assets

 

 

 

(i) Tangible assets

82.291

97.557

113.110

(ii) Intangible Assets

0.000

0.000

0.000

(iii) Capital work-in-progress

1.036

0.000

0.000

(iv) Intangible assets under development

0.000

0.000

0.000

(b) Non-current Investments

0.041

0.021

0.021

(c) Deferred tax assets (net)

0.000

0.000

0.000

(d)  Long-term Loan and Advances

6.851

8.391

3.371

(e) Other Non-current assets

0.057

0.057

0.057

Total Non-Current Assets

90.276

106.026

116.559

 

 

 

 

(2) Current assets

 

 

 

(a) Current investments

0.000

0.000

0.000

(b) Inventories

6.361

8.852

9.808

(c) Trade receivables

65.604

50.446

19.265

(d) Cash and cash equivalents

1.565

0.348

0.245

(e) Short-term loans and advances

15.813

14.367

16.332

(f) Other current assets

0.781

0.283

0.288

Total Current Assets

90.124

74.296

45.938

 

 

 

 

TOTAL

180.400

180.322

162.497

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

 

TURNOVER

264.423

260.367

265.491

 

 

 

 

 

Less

EXPENSES

NA

NA

NA

 

 

 

 

 

 

PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION

40.434

48.406

56.978

 

 

 

 

 

Less/ Add

DEPRECIATION/ AMORTISATION                    

16.785

19.967

14.992

 

 

 

 

 

 

PROFIT BEFORE TAX

23.649

28.439

41.986

 

 

 

 

 

Less

TAX                                                                 

14.043

16.531

(3.235)

 

 

 

 

 

 

PROFIT AFTER TAX

9.606

11.908

45.221

 

 

 

 

 

 

FOREIGN EXCHANGE EARNINGS

142.398

60.106

122.738

 

 

 

 

 

 

Earnings Per Share (Rs.)

494.19

612.61

2326.42

 

 

CURRENT MATURITIES OF LONG TERM DEBT DETAILS

 

Particulars

 

31.03.2014

31.03.2013

31.03.2012

Current Maturities of Long term Borrowings

3.427

3.234

0.000

 

 

 

 

Cash Generated from Operations

NA

NA

NA

 

 

 

 

Net Cash Flow from used in Operations

NA

NA

NA

 

 

KEY RATIOS

 

 

PARTICULARS

 

 

31.03.2014

31.03.2013

31.03.2012

 

 

 

 

 

Return on Total Assets

(PBT/Total Assets}

(%)

13.19

15.77

25.84

 

 

 

 

 

Return on Investment (ROI)

(PBT/Networth)

 

0.26

0.35

0.55

 

 

 

 

 

Debt Equity Ratio

(Total Liability/Networth)

 

0.52

0.57

0.55

 

 

 

 

 

Current Ratio

(Current Asset/Current Liability)

 

1.91

1.37

1.02

 

Total Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term debts

 

 

 

 

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

19.438

19.438

19.438

Reserves & Surplus

56.582

61.712

71.318

Money received against share warrants

0.000

0.000

0.000

Share Application money pending allotment

0.000

0.000

0.000

Net worth

76.020

81.150

90.756

 

 

 

 

Long-term borrowings

28.443

27.912

20.061

Short term borrowings

13.719

14.816

23.668

CURRENT MATURITIES OF LONG-TERM DEBTS

0.000

3.234

3.427

Total borrowings

42.162

45.962

47.156

Debt/Equity ratio

0.555

0.566

0.520

 

 

 

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 Turnover

265.491

260.367

264.423

 

 

(1.930)

1.558

  

 

 

 

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 Turnover

265.491

260.367

264.423

Profit

45.221

11.908

9.606

 

17.03%

4.57%

3.63%

 

 

 

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

No

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

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

 

 

INDEX OF CHARGES

S.NO.

CHARGE ID

DATE OF CHARGE CREATION/MODIFICATION

CHARGE AMOUNT SECURED

CHARGE HOLDER

ADDRESS

SERVICE REQUEST NUMBER (SRN)

1

10429562

25/08/2014 *

127,700,000.00

AXIS BANK LIMITED

T.S.NO:13,14/1, OMALUR MAIN ROAD, SALEM - 636009, TAMILNADU, INDIA

C21762950

2

10364001

05/07/2012

250,700,000.00

STATE BANK OF INDIA

COMMERCIAL BRANCH, CHINNAYYAN TOWERS 120/2 AND 120/3 CHERRY ROAD, SALEM - 636007, TAMILNADU, INDIA

B42995803

3

90002890

02/02/1996

871,200.00

THE TAMILNADU INDUSTRIAL INVESTMENT CO. PORATION LIMITED

1E; ODAYAPPA COLONY , CHARRY ROAD, SALEM, TAMIL 
NADU, INDIA

-

4

90002306

30/01/1989

44,550.00

THE TAMILNADU INDUSTRIAL INVESTMENT CO. PORATION LIMITED

ARUL MANAI;, 27;WHITES ROAD, MADRAS - 
600014, TAMILNADU, INDIA

-

5

90002242

19/03/1987

603,750.00

THE TAMILNADU INDUSTRIAL INVESTMENT CO. PORATION LIMITED

ARUL MANAI;, 27;WHITES ROAD, MADRAS - 
600014, TAMILNADU, INDIA

-

 

* Date of charge modification

 

 

UNSECURED LOANS

 

PARTICULARS

31.03.2014

(Rs. In Million)

31.03.2013

(Rs. In Million)

LONG-TERM BORROWINGS

 

 

Other borrowings ( from entities other than banks )

1.903

6.329

 

 

 

Total

 

1.903

6.329

 

 

CHANGE OF ADDRESS:

 

The Registered Office of the Company has been shifted from R S No. 37/1, Budupathampudur Road, Athonoor, Village Thengapalayam Post Rasipuram, Taluka Salem – 636301, Tamilnadu, India to the present address w.e.f. 29.09.2011.

 

 

PERFORMANCE

 

During the year, the company achieved a sales turnover of Rs.264.423 Million compared to the sales turnover of Rs.260.367 Million achieved in the previous year. The profitability has declined due to general recession in the global economy, stiff competition in Reclaim Rubber market caused by entry of many new Reclaiming units, and pyrolysis units, increase in cost of inputs, etc. The company has been now connected with dedicated electrical HT feeder from mallur substation thus continuous power is ensured. The productivity has been supported by dedicated feeder and wind mills. The wind mills have contributed a great support in generations of captive power at lower cost. Further all necessary steps have been taken for development of the company.


AWARDS

 

All India Rubber Industries Associate Award: The company is selected for “Export Award by All India Rubbe Industries Association” for the year 2013-14. The Directors are appreciating all the staffs, workers for their contribution to get this prestigious award.

 

 

FIXED ASSETS:

 

·         Land

·         Plant and Machinery

·         Electrical Equipment’s

·         Motor Vehicles

·         Office Equipment’s

·         Computer

·         Furniture and Fixtures

·         Windmill

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.63.47

UK Pound

1

Rs.98.47

Euro

1

Rs.70.69

 

 

INFORMATION DETAILS

 

Information Gathered by :

MAN

 

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ARC

 

 

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

--PROFITABILIRY

1~10

5

--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

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

DEFAULTER

 

 

--RBI

YES/NO

NO

--EPF

YES/NO

NO

TOTAL

 

45

 

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

 

--

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.