MIRA INFORM REPORT
|
Report No. : |
333251 |
|
Report Date : |
24.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
SAURASHTRA SPECIALITIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 196, National Highway 8-B, Navagam, Anandpar, Rajkot –
360003, Gujarat |
|
Mobile. No.: |
91-9825215544 (Mr. Sheetalbhai S Mehta) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.07.2001 |
|
|
|
|
Com. Reg. No.: |
04-039805 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.20.012 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24133GJ2001PTC039805 |
|
|
|
|
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 supplier and service provider of Modified starches, chemicals, SPB atomizer starch spray systems, hot dispersion systems, disperser discs, corrugated box packaging boxes. |
|
|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 2001.
It has a satisfactory track record. As per available financials of the year 2014, it is seen that profits of
the current year has declined from previous year. Though it has maintained
decent sales turnover and profitability margin of 1.5%. The company possesses healthy financial risk profile marked by its
decent net worth position. The general financial position of the company is
acceptable. Trade relations are reported as fair. Business is active. Payment
terms are reported as slow but correct. The company can be considered 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 |
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. Ashish Mukherjee |
|
Designation : |
Manager |
|
Contact No.: |
91-9825219162 |
|
Date : |
23.07.2015 |
|
Name : |
Mr. Sheetalbhai Mehta |
|
Designation : |
Managing Director |
|
Contact No.: |
91-9825215544 |
|
Date : |
23.07.2015 |
LOCATIONS
|
Registered Office : |
Survey No. 196, National Highway 8-B, Navagam, Anandpar, Rajkot –
360003, Gujarat |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9825215544 (Mr. Sheetalbhai S Mehta) 91-9825219162 (Mr. Ashish
Mukherjee) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Survey No 288/p., Kuvadava-Wankaner Road, Village: Jiyana, Dist:
Rajkot, India |
DIRECTORS
As on 30.09.2014
|
Name : |
Ms. Sheetal Shashikant Mehta |
|
Designation : |
Managing Director |
|
Address : |
401, Serene Appt. Near Shaligram- 3, Opp. Setu Bungalow, Prahlad
Nagar, Vejalpur, Ahmedabad – 360015, Gujarat, India |
|
Date of Birth/Age : |
12.08.1965 |
|
Date of Appointment : |
19.07.2001 |
|
DIN No.: |
00005547 |
|
|
|
|
Name : |
Mr. Mahendra Kichand Mehta |
|
Designation : |
Whole-time Director |
|
Address : |
Saket, 41 New Jagnath Plot, B/H. A.G. Office, Rajkot – 360001,
Gujarat, India |
|
Date of Birth/Age : |
23.02.1940 |
|
Date of Appointment : |
12.07.2004 |
|
DIN No.: |
00011778 |
KEY EXECUTIVES
|
Name : |
Mr. Ashish Mukherjee |
|
Designation : |
Manager |
|
|
|
|
Name : |
Mr. Nalin Ganatra |
|
Designation : |
Practicing Company Secretary |
|
Address : |
307, Golden spare, sardar Nagar Main Road, opp. Rajkot colour Lab, Rajk0t-360 001, Gujarat, India |
|
Qualification : |
B.Com., L.L.B., A.l.l.l., .F.C.S. |
|
Tel No.: |
91-281-6641583 |
|
Mobile No.: |
91-95864 58882 |
|
Email Id.: |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Shri Mahendra Mehta |
|
503750 |
|
Shri Sheetal Mehta |
|
905200 |
|
Shri Sheetal S. Mehta & Shri Mahendra K. Mehta |
|
300 |
|
Shri Mahendra K. Mehta And Shri Deepak S. Mehta |
|
100 |
|
Smt. Anupama Mehta |
|
850 |
|
Shri Shashikant Mehta – H.U.F. |
|
100 |
|
Smt. Chandrika Mehta |
|
4800 |
|
Shri Mahendra Mehta – H.U.F. |
|
200 |
|
Purvi Mehta |
|
5800 |
|
Smt. Trupti Maniyar |
|
10400 |
|
Smt. Siddhi Mehta |
|
10400 |
|
Smt. Riddhi Gandhi |
|
10400 |
|
Smt. Meera Mehta |
|
2600 |
|
Shri Sheetal Mehta – H.U.F. |
|
300 |
|
Shri Mahendra K. Mehta And Shri Sheetal S. Mehta – H.U.F. |
|
300 |
|
Smt. Meera S. Mehta And Smt. Chandrika M. Mehta |
|
100 |
|
Aditi D. Mehta |
|
74900 |
|
Smt. Smitaben Kotecha |
|
44700 |
|
Smt. Bharti Mehta |
|
233800 |
|
Smt. Meera S. Mehta |
|
200 |
|
Lipi D. Mehta |
|
191300 |
|
Shri Tapas T. Dutta |
|
100 |
|
Smt. Suhrita T. Dutta |
|
100 |
|
Shimoli S. Mehta |
|
500 |
|
Total |
|
2001200 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer supplier and service provider of Modified starches, chemicals, SPB atomizer starch spray systems, hot dispersion systems, disperser discs, corrugated box packaging boxes. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
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Facilities : |
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|
Auditors : |
|
|
Name : |
M.J. Rindani and Associates Chartered Accountants |
|
Address : |
204, Trade Centre, Sardar Nagar Main Road, Rajkot – 360001, Gujarat,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AADFM6993K |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Subsidiaries : |
Nano Inks and Coatings Private Limited U24290GJ2004PTC044765 |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2010000 |
Equity Shares |
Rs.10/- each |
Rs.20.100 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2001200 |
Equity Shares |
Rs.10/- each |
Rs.20.012
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 |
20.012 |
12.000 |
4.000 |
|
(b) Reserves & Surplus |
37.767 |
33.614 |
25.634 |
|
(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) |
57.779 |
45.614 |
29.634 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
40.916 |
22.663 |
40.870 |
|
(b) Deferred tax liabilities
(Net) |
0.715 |
0.409 |
0.265 |
|
(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) |
41.631 |
23.072 |
41.135 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
24.461 |
24.407 |
28.515 |
|
(b) Trade payables |
14.937 |
14.083 |
8.051 |
|
(c) Other current liabilities |
4.854 |
6.641 |
4.664 |
|
(d) Short-term provisions |
11.029 |
12.115 |
7.680 |
|
Total
Current Liabilities (4) |
55.281 |
57.246 |
48.910 |
|
|
|
|
|
|
TOTAL |
154.691 |
125.932 |
119.679 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
24.164 |
19.309 |
17.050 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
30.369 |
11.032 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
7.040 |
7.040 |
7.040 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
3.477 |
10.295 |
23.607 |
|
(e) Other Non-current assets |
0.052 |
0.085 |
0.042 |
|
Total
Non-Current Assets |
65.102 |
47.761 |
47.739 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
14.013 |
17.759 |
14.588 |
|
(c) Trade receivables |
58.678 |
45.179 |
45.070 |
|
(d) Cash and cash equivalents |
1.194 |
1.318 |
2.740 |
|
(e) Short-term loans and
advances |
14.061 |
13.882 |
9.477 |
|
(f) Other current assets |
1.643 |
0.033 |
0.065 |
|
Total
Current Assets |
89.589 |
78.171 |
71.940 |
|
|
|
|
|
|
TOTAL |
154.691 |
125.932 |
119.679 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
SALES |
300.058 |
267.019 |
264.319 |
|
|
Income
|
NA |
NA |
NA |
|
|
Other
Income |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
9.792 |
16.272 |
14.968 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
2.905 |
2.541 |
1.378 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
6.887 |
13.731 |
13.590 |
|
|
|
|
|
|
|
Less |
TAX |
2.149 |
4.495 |
4.441 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
4.738 |
9.236 |
9.149 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
16.306 |
22.289 |
10.099 |
|
|
TOTAL
EARNINGS |
16.306 |
22.289 |
10.099 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
2.77 |
22.96 |
22.87 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.417 |
0.662 |
0.463 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.58 |
3.46 |
3.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.87 |
12.73 |
12.07 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.30 |
0.46 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.16 |
1.05 |
2.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62 |
1.37 |
1.47 |
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 |
4.000 |
12.000 |
20.012 |
|
Reserves & Surplus |
25.634 |
33.614 |
37.767 |
|
Net
worth |
29.634 |
45.614 |
57.779 |
|
|
|
|
|
|
long-term borrowings |
40.870 |
22.663 |
40.916 |
|
Short term borrowings |
28.515 |
24.407 |
24.461 |
|
Current Maturities of
Long-Term Debts |
0.463 |
0.662 |
1.417 |
|
Total
borrowings |
69.848 |
47.732 |
66.794 |
|
Debt/Equity
ratio |
2.357 |
1.046 |
1.156 |
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 |
264.319 |
267.019 |
300.058 |
|
|
|
1.021 |
12.373 |
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 |
264.319 |
267.019 |
300.058 |
|
Profit |
9.149 |
9.236 |
4.738 |
|
|
3.46% |
3.46% |
1.58% |
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) |
No |
|
16 |
No. of employees |
No |
|
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 |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
(Rs. in Million)
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances
from related parties: |
|
|
|
(A) From Directors (Interest Rate Varies from 0% to 15%) |
1.884 |
0.808 |
|
(B) From Relatives of Directors (Interest Rate Varies from 0% to l5%) |
13.099 |
4.764 |
|
(C) From Share Holders (Interest Rate 15% ) |
17.789 |
16.878 |
|
{D) lnter Corporate Deposits (Interest Rate Varies from 0% to 15%) |
5.000 |
0.000 |
|
|
|
|
|
Total |
37.772 |
22.450 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10559872 |
28/01/2015 |
17,100,000.00 |
Capri Global Capital Limited |
1-B,COURT CHAMBERS, 35, SIR VITHALDAS THACKERSEY M |
C49395247 |
|
2 |
10490993 |
30/04/2014 |
45,000,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, Dhirubhai Ambani Knowledge City, Koparkhairne,
Navi Mumbai, Maharashtra - 400710, INDIA |
C03549284 |
|
3 |
10491056 |
28/02/2014 |
4,300,000.00 |
RELIANCE CAPITAL LTD |
RELIANCE CAPITAL LTD, Dhirubhai Ambani Knowledge |
C02160497 |
|
4 |
10379514 |
11/09/2012 |
400,000.00 |
Axis Bank Limited |
TRISHUL 3RD FLOOR OPP SAMARTHESHWAR TEMPLE, LAW G |
B59299834 |
OPERATIONS:
During the year the turnover of the company was increased to Rs. 300.058 Million as compared to previous year of Rs. 267.019 Million. The company has earned profit (after tax) of Rs. 4.738 Million during the year as compared to profit of Rs. 9.236 Million during the previous year. The directors are hoping that the company will continue its good performance in coming years also.
SUBSIDIARY
COMPANY:
Audited Annual Accounts of their Subsidiary Company, M/s. Nano Inks and
Coatings Private Limited, for the year ended 31st March 2014 and
statement of subsidiary Company pursuant to Section 212 of the Companies Act,
1956 are attached with this report for the perusal of members.
FIXED ASSETS
Land:
Factory land at Jiyana
Building:
Factory Building at Jiyana Office
Office
Plant and Machinery:
Electrical Accessories
Instruments
Laboratory Instruments
Plant and Machinery
Dies
Patterns
Furniture and Fixture:
Furniture and Fitting
Computer and Peripherals
Computer System
Vehicle
Other:
Office Equipment
Weighbridge
Solar System
Borewell
Water Tank
Air Conditioners
Refrigerator
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.63.71 |
|
|
1 |
Rs.99.57 |
|
Euro |
1 |
Rs.69.62 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SUJ |
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 |
|
--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 |
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 |
|
43 |
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.