MIRA INFORM REPORT
|
Report No. : |
332163 |
|
Report Date : |
14.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
RISHIROOP POLYMERS PRIVATE LIMITED (w.e.f. 21.12.2006) |
|
|
|
|
Formerly Known
As : |
RISHIROOP ORGANICS PRIVATE LIMITED |
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|
|
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Registered
Office : |
65, |
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Tel. No.: |
91-22-22825209/ 40952000 |
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|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
15.12.1989 |
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|
|
|
Com. Reg. No.: |
11-054651 |
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Capital
Investment / Paid-up Capital : |
Rs. 27.516 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1989PTC054651 |
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|
|
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IEC No.: |
0391149920 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMR16127G/ MUMR14848B/ NSKR00069G |
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|
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PAN No.: [Permanent Account No.] |
AAACR1789G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Chlorinated Rubber, Paraffin oil and Trader of Rubber
Chemicals, Synthetic Rubber and Plastic Resins. |
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|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 2300000 |
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|
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is part of “Rishiroop group”, incorporated on 15th
December 1989, it is an established company having satisfactory track record. During the year under review, the company reported decline in its sale
turnover, but reported fair amount of profitability margin from its business
operations. The rating further tale strength on healthy financial risk profile,
its decent capital structure, above average debt protection metrics marked by
strong from groups company. Moreover, the company receives strong managerial as well as financial
support from its “Rishiroop group” and its long track record of business in
rubber industries. Trade relations are reported as fair. Business is active. Payments
terms are reported to be usually correct. The company can be considered good for 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 |
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Restricted |
C2 |
|
Off-credit |
D |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mr. Suresh Khilnani |
|
Designation : |
Chief Finance Officer |
|
Contact No.: |
91-22-40952000 |
|
Date : |
14.07.2015 |
LOCATIONS
|
Registered Office : |
65, Atlanta, Nariman Point, Mumbai – 400 021, Maharashtra, India |
|
Tel. No.: |
91-22-22825209/ 40952000 |
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Fax No.: |
91-22-22872796 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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|
|
|
Factory 1 : |
Plot No.1301 Phase III, G.I.D.C Vapi-396195, Gujarat, India |
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Factory 2 : |
MIDC, Satpur, Nashik-422007, Maharashtra, India |
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Warehouse : |
Located at : Bhiwandi |
DIRECTORS
As on 23.09.2014
|
Name : |
Mr. Arvind Mahendra Kapoor |
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Designation : |
Director |
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Address : |
12, Manhar Oak, |
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Date of Birth/Age : |
20.01.1954 |
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Date of Appointment : |
15.12.1989 |
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Din No.: |
00002704 |
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Other Directorship:
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Name : |
Mr. Aditya Arvind Kapoor |
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Designation : |
Director |
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Address : |
12, Manhar Oak, |
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Date of Birth/Age : |
11.12.1982 |
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Date of Appointment : |
22.11.2006 |
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Din No.: |
00003019 |
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Other Directorship:
|
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KEY EXECUTIVES
|
Name : |
Mr. Suresh Khilnani |
|
Designation : |
Chief Finance Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 23.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mahendra K. Kapoor |
|
74510 |
|
Arvind Mahendra Kapoor |
|
48063 |
|
Arvind Mahendra Kapoor HUF |
|
7382 |
|
Gouri Arivnd Kapoor |
|
15981 |
|
Aditya Arvind Kapoor |
|
19467 |
|
Shradha Khanna |
|
13698 |
|
Rishiroop Investment and Trading Company Private Limited, India |
|
25000 |
|
Rishiroop Holding Private Limited, India |
|
53262 |
|
Devi Organics Private Limited, India |
|
17800 |
|
Total |
|
275163 |
Equity Share Break up (Percentage of Total Equity)
As on 23.09.2014
|
Category |
Percentage |
|
Bodies corporate |
34.92 |
|
Directors or relatives of Directors |
65.08 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Chlorinated Rubber, Paraffin oil and Trader of Rubber
Chemicals, Synthetic Rubber and Plastic Resins. |
|
|
|
|
Products : |
Not Available |
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|
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
Cash / L/C / Credit |
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Purchasing : |
Cash / L/C / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
· Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227,D, Nariman Point,, Mumbai - 400021, Maharashtra, India · Citi Bank, Fort , Mumbai, Maharashtra, India |
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Facilities : |
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Auditors : |
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|
Name : |
Jayesh Dadia and Asociates Chartered Accountants |
|
Address : |
422, Arun Chambers, Tardeo, Mumbai – 400034, Maharashtra, India |
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Tel. No.: |
91-22-66602417 / 66601056 |
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Fax No.: |
91-22-66602418 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AADFJ3735C |
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Memberships : |
-- |
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Collaborators : |
-- |
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|
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Associates : |
·
Rishiroop Rubber International Limited ·
Punnet Resins Limited |
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|
|
|
Related Parties : |
·
Rishiroop Holding Private Limited |
CAPITAL STRUCTURE
As on 23.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
285,000 |
Equity Shares |
Rs.100/- each |
Rs. 28.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
275,163 |
Equity Shares |
Rs.100/- each |
Rs. 27.516
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 |
27.516 |
27.516 |
27.516 |
|
(b) Reserves & Surplus |
767.128 |
622.013 |
498.514 |
|
(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) |
794.644 |
649.529 |
526.030 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.055 |
1.895 |
3.428 |
|
(b) Deferred tax liabilities (Net) |
1.443 |
1.371 |
1.992 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
1.125 |
1.777 |
1.821 |
|
Total Non-current
Liabilities (3) |
2.623 |
5.043 |
7.241 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
5.218 |
11.766 |
0.716 |
|
(c) Other current
liabilities |
3.825 |
3.690 |
26.801 |
|
(d) Short-term
provisions |
4.529 |
8.365 |
8.710 |
|
Total Current
Liabilities (4) |
13.572 |
23.821 |
36.227 |
|
|
|
|
|
|
TOTAL |
810.839 |
678.393 |
569.498 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
68.292 |
72.091 |
78.955 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(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 |
637.644 |
475.925 |
102.863 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.663 |
1.244 |
1.725 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
707.599 |
549.260 |
183.543 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
236.707 |
|
(b)
Inventories |
25.417 |
23.269 |
49.025 |
|
(c) Trade
receivables |
59.170 |
66.307 |
70.683 |
|
(d) Cash
and cash equivalents |
6.112 |
2.869 |
22.626 |
|
(e)
Short-term loans and advances |
10.175 |
34.108 |
6.732 |
|
(f) Other
current assets |
2.366 |
2.580 |
0.182 |
|
Total
Current Assets |
103.240 |
129.133 |
385.955 |
|
|
|
|
|
|
TOTAL |
810.839 |
678.393 |
569.498 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from sales of Product |
62.427 |
96.815 |
145.194 |
|
|
|
Revenue from Sales of Service (Indenting Commission) |
243.379 |
202.362 |
171.262 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
224.777 |
185.006 |
153.391 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
72.580 |
54.785 |
57.403 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
152.197 |
130.221 |
95.988 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
498.463 |
389.964 |
309.732 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
20.000 |
15.000 |
10.000 |
|
|
|
Interim Dividend |
4.953 |
4.953 |
3.302 |
|
|
|
Proposed Final Dividend |
1.101 |
0.825 |
1.651 |
|
|
|
Tax on Divided (Interim and Final) |
1.029 |
0.944 |
0.803 |
|
|
BALANCE CARRIED
TO THE B/S |
623.577 |
498.463 |
389.964 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
0.856 |
0.642 |
3.809 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
553.11 |
473.25 |
348.84 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
150.000 |
|
|
|
|
Due to less
Order |
Expected Sales 2015-2016 : Rs. 120.000 Million
The above information has been parted by Mr. Suresh Khilnani (Chief
Finance Officer)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.840 |
1.877 |
1.695 |
|
Cash generated from operations |
|
|
|
|
Net cash flows from (used in) operation |
|
|
|
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
49.77 |
42.53 |
30.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
129.78 |
91.38 |
32.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.28 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.01 |
0.01 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
7.61 |
5.42 |
10.65 |
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 |
27.516 |
27.516 |
27.516 |
|
Reserves & Surplus |
498.514 |
622.013 |
767.128 |
|
Net
worth |
526.030 |
649.529 |
794.644 |
|
|
|
|
|
|
long-term borrowings |
3.428 |
1.895 |
0.055 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Current maturities of
long-term debts |
1.695 |
1.877 |
1.840 |
|
Total
borrowings |
5.123 |
3.772 |
1.895 |
|
Debt/Equity
ratio |
0.010 |
0.006 |
0.002 |
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 |
316.456 |
299.177 |
305.806 |
|
|
|
(5.460) |
2.216 |
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 |
316.456 |
299.177 |
305.806 |
|
Profit |
95.988 |
130.221 |
152.197 |
|
|
30.33% |
43.53% |
49.77% |
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 |
Yes |
|
19] |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
REVIEW OF OPERATION
During the financial year revenue from the Sale of Products has been decreased from Rs. 96.815 million in the previous year to Rs. 62.427 in the current year however the revenue from the Sale of Service (Indenting Commission) has been increased from Rs. 202.362 Million in the previous year to Rs. 243.379 Million in the current year. The other financial highlights during the year are as follows:
Profit before tax (PBT) was Rs 224.777 Million as compared to Rs 185.006 Million in the previous year registering an increase of 21.50%.
Profit after tax (PAT) was Rs 152.197 million as compared to Rs 130.221 million in the previous year witnessing an increase of 16.88%.
The future prospects are encouraging and directors are very optimistic about the growth potential of the company in the year to follow.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90223307 |
19/12/2001 |
9,852,000.00 |
INDUSTRIAL DEVELOPMENT BANK OF INDIA |
IDBI TOWER; CUFFE PARADE, GIDC, MUMBAI, Maharashtra - 400005, INDIA |
- |
|
2 |
90186023 |
08/02/1994 |
12,000,000.00 |
CENTRAL BANK OF INDIA |
SATPUR INDUSTRIAL BRANCH, TRIMBAK ROAD, NASIK, Maharashtra - 422007,
INDIA |
- |
|
3 |
90185921 |
19/03/1993 |
7,500,000.00 |
INDUSTRIAL FINANCE CORPORATION OF INDIA |
BANK OF BARODA BUILDING, 16; SANSAD MARG, NEW DEL |
- |
|
4 |
90224228 |
15/02/1991 |
2,610,000.00 |
STATE BANK OF INDIA |
CHOWPATTY DIAMOND MARKET BRANCH, MUMBAI, Maharashtra, INDIA |
- |
|
5 |
90221845 |
18/02/1991 * |
6,000,000.00 |
GUJARAT STATE FINANCIAL CORPN LTD |
NAVJEEVAN TRUST BLDG, NAVJEEVAN P.O., AHMEDABAD, |
- |
|
6 |
90185662 |
15/03/1991 * |
6,000,000.00 |
INDUSTRIAL FINANCE CORPN. OF INDIA |
BANK OF BARODA BLDG., 16; SANSAD MARG, NEW DELHI, |
- |
|
7 |
90188376 |
01/02/1990 |
3,000,000.00 |
UNION BANK OF INDIA |
66/80, B. S. MARG BRANCH, BOMBAY, Maharashtra - 4 |
- |
|
8 |
90187294 |
13/11/1987 * |
2,770,000.00 |
CENTRAL BANK OF INDIA |
M. I. D. C. SATPUR, NASIK, Maharashtra - 400023, I |
- |
|
9 |
90188155 |
04/05/1984 |
2,770,000.00 |
CENTRAL BANK OF INDIA |
SATPUR, NASIK, Maharashtra, INDIA |
- |
|
10 |
90188079 |
01/07/1980 |
337,000.00 |
CENTRAL BANK OF INDIA |
SATPUR, NASIK, Maharashtra, INDIA |
- |
FIXED ASSETS
- Land
- Office
Building
- Factory
Building
- Machinery
- Computers
- Furniture
- Office
Equipment
- Lab Equipment
- Workshop
Equipment
- Safety
Equipment
- Fire Fighting
Equipment
- Electrical
Installation
- Tools and
Tackles
- Technical
Know How
- Refrigeration
- Cycle
- Scooter
- Motor
Cycle
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.63.47 |
|
|
1 |
Rs.98.47 |
|
Euro |
1 |
Rs.70.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
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 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--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 |
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 |
|
47 |
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.