MIRA INFORM REPORT
|
Report No. : |
334369 |
|
Report Date : |
29.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
ABHAY COTEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
31, New Gud Market, New Mondha, Near Bus Stand, Jalna –
431203, Maharashtra |
|
Tel. No.: |
91-2482-230539 / 237939 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.05.2008 |
|
|
|
|
Com. Reg. No.: |
11-182247 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 56.692 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17121MH2008PTC182247 |
|
|
|
|
IEC No.: |
3108007645 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAHCA0503A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of cotton seed and soya seed. |
|
|
|
|
No. of Employees
: |
300 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
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|
|
Comments : |
Abhay Cotex Private Limited was incorporated in 2008, promoted by the Mantri
family of Jalna (Maharashtra). It is an established company having
satisfactory track record. The rating reflect the extensive experience of company’s promoters in
the edible oil industry and the company’s above – average financial risk
profile, marked by healthy capital structure and moderate debt protection
metrics. These rating strengths are partially offset by the susceptibility of
company’s margins to volatility in raw material prices and to intense
industry competition. However, trade relations are fair. Business is active. Payment terms
are reported to be usually correct. In view of promoter’s extensive industry experience and its healthy
capital structure, the company can be considered for business dealings with
its 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 |
CRISIL |
|
Rating |
Long term Bank Facilities = BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
May, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Bank Facilities = A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk |
|
Date |
May, 2015 |
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. Shriniwas Dixit |
|
Designation : |
Assistant Account Manager |
|
Contact No.: |
91-2482-229306 |
|
Date : |
29.07.2015 |
LOCATIONS
|
Registered Office : |
31, New Gud Market, New Mondha, Near Bus Stand, Jalna –
431203, Maharashtra, India |
|
Tel. No.: |
91-2482-229305/06/07/08 |
|
Mobile No.: |
91-9422219414 (Mr. Ashish) |
|
Fax No.: |
91-2482-237752 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory: |
|
|
Unit 1 : |
Gut No - 84, Gundewadi, Bhokardan Road, Jalna - 431203,
Maharashtra, India |
|
Tel. No.: |
91-2482-230539 / 229308 |
|
Fax No.: |
91-2482-229306 |
|
E-Mail : |
|
|
|
|
|
Unit 2 : |
Mfg: Vaibhav Cattle
Feed Plant Nephti, Kedgaon-Kalyan bypass, Ahmednagar, Maharashtra,
India |
|
E-Mail : |
|
|
|
|
|
Unit 3 : |
Naradana MIDC Industrial Area, Phase 2, MIDC Plot No. T-3,
Bhabale Village, TQ-Sindkhed, District – Dhule; Maharashtra – India |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ashish Omprakash Mantri |
|
Designation : |
Director |
|
Address : |
R. P. Road, Badi Sadak, Jalna – 431203, Maharashtra, India |
|
Date of Birth/Age : |
03.03.1975 |
|
Date of Appointment : |
15.05.2008 |
|
PAN No.: |
AAXPM9270F |
|
DIN No.: |
00982373 |
|
|
|
|
Name : |
Mr. Amol Paralkar |
|
Designation : |
Director |
|
Address : |
Kanahya Nagar, Jalna-431203, Maharashtra, India |
|
Date of Appointment : |
02.01.2014 |
|
DIN No.: |
06448868 |
|
|
|
|
Name : |
Mr. Kachrulal Kapoorchand Patni |
|
Designation : |
Director |
|
Address : |
Old Mondha, Jalna - 431203, Maharashtra, India |
|
Date of Birth/Age : |
14.02.1972 |
|
Date of Appointment : |
11.10.2010 |
|
PAN No.: |
ABPPP7488B |
|
DIN No.: |
03111372 |
|
|
|
|
Name : |
Mr. Anjaneya Prasad Dodda |
|
Designation : |
Director |
|
Address : |
667, Blue Square Apartment, 1st Floor, School Road, Anna Nagar, West Extension Chennai – 600101, Tamilnadu, India |
|
Date of Birth/Age : |
16.09.1961 |
|
Date of Appointment : |
11.10.2010 |
|
PAN No.: |
AAFPP1946E |
|
DIN No.: |
03140435 |
|
|
|
|
Name : |
Sandeep Bhaskar Kale |
|
Designation : |
Director |
|
Address : |
Building -G, Flat No-308 Se No. 122-1, DSK Satur, Dhayari Pune, Pune-411041, Maharashtra, India |
|
Date of Appointment : |
02.01.2014 |
|
DIN No.: |
06586844 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
65.66 |
|
Directors or relatives of Directors |
34.34 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of cotton seed and soya seed. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
China |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
300 (Approximately) |
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Bankers : |
Central Bank of India, Industrial Area, Jalna Branch, Jalna - 431203, Maharashtra, India |
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Facilities : |
|
|
Auditors : |
|
|
Name : |
CNA and Associates Chartered Accountants |
|
Address : |
Flat No.2, Shakuntals Flat No.2, Shakuntals, Near Utsav
Mangal Karyalaya, Osmanpura, Aurangabad - 431001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AASPB6929K |
|
|
|
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Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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Associates : |
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Other Related Parties : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
19,000,000 |
Equity Shares |
Rs.10/- each |
Rs.190.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,669,282 |
Equity Shares |
Rs.10/- each |
Rs.56.692
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 |
56.692 |
182.693 |
182.693 |
|
(b) Reserves & Surplus |
451.348 |
287.806 |
264.588 |
|
(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) |
508.040 |
470.499 |
447.281 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
412.015 |
425.805 |
298.843 |
|
(b) Deferred tax liabilities
(Net) |
4.270 |
28.544 |
27.545 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
2.631 |
1.941 |
1.166 |
|
Total
Non-current Liabilities (3) |
418.916 |
456.290 |
327.554 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
708.309 |
400.461 |
210.036 |
|
(b) Trade payables |
403.309 |
220.332 |
129.228 |
|
(c) Other current liabilities |
204.470 |
131.432 |
74.665 |
|
(d) Short-term provisions |
3.777 |
7.808 |
5.279 |
|
Total
Current Liabilities (4) |
1319.865 |
760.033 |
419.208 |
|
|
|
|
|
|
TOTAL |
2246.821 |
1686.822 |
1194.043 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
855.970 |
894.199 |
366.713 |
|
(ii) Intangible Assets |
0.126 |
0.034 |
0.000 |
|
(iii) Capital work-in-progress |
40.564 |
21.813 |
463.791 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
5.010 |
5.010 |
5.010 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.025 |
0.025 |
0.025 |
|
(e) Other Non-current assets |
0.000 |
0.063 |
0.126 |
|
Total
Non-Current Assets |
901.695 |
921.144 |
835.665 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
716.401 |
386.105 |
201.521 |
|
(c) Trade receivables |
465.569 |
252.012 |
72.591 |
|
(d) Cash and cash equivalents |
33.982 |
18.597 |
14.356 |
|
(e) Short-term loans and
advances |
12.604 |
8.228 |
5.154 |
|
(f) Other current assets |
116.570 |
100.736 |
64.756 |
|
Total
Current Assets |
1345.126 |
765.678 |
358.378 |
|
|
|
|
|
|
TOTAL |
2246.821 |
1686.822 |
1194.043 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
3501.149 |
2317.494 |
1171.700 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
3483.603 |
2285.470 |
1173.400 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
17.546 |
32.024 |
(1.700) |
|
|
|
|
|
|
|
Less |
TAX (H) |
(
24.274) |
1.751 |
23.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
41.820 |
30.273 |
(24.700) |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
36.773 |
14.100 |
42.700 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Dividend On Preference Shares |
NA |
6.500 |
3.400 |
|
|
Dividend Distribution |
NA |
1.100 |
0.500 |
|
|
Total
|
NA |
7.600 |
3.900 |
|
|
Balance
Carried to the B/S |
78.593 |
36.773 |
14.100 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
7.38 |
-- |
-- |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
(183.810) |
(152.046) |
(25.984) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3900.000 |
The above information has been parted by Mr. Shinivas Dixit (Assistant
Account Manager)
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
11.94 |
1.31 |
-2.11 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
5.01 |
1.38 |
-0.15 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.80 |
1.93 |
-0.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.07 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.21 |
1.76 |
1.14 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.01 |
0.85 |
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 |
182.693 |
182.693 |
56.692 |
|
Reserves & Surplus |
264.588 |
287.806 |
451.348 |
|
Net
worth |
447.281 |
470.499 |
508.040 |
|
|
|
|
|
|
long-term borrowings |
298.843 |
425.805 |
412.015 |
|
Short term borrowings |
210.036 |
400.461 |
708.309 |
|
Total
borrowings |
508.879 |
826.266 |
1120.324 |
|
Debt/Equity
ratio |
1.138 |
1.756 |
2.205 |
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 |
1171.700 |
2317.494 |
3501.149 |
|
|
|
97.789 |
51.075 |
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 |
1171.700 |
2317.494 |
3501.149 |
|
Profit |
(24.700) |
30.273 |
41.820 |
|
|
(2.11%) |
1.31% |
1.19% |
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 |
Yes |
|
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 |
Yes |
|
32] |
Litigations that the firm/promoter
involved in |
-- |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
Yes |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
12.576 |
14.104 |
|
Other loans and advances |
183.071 |
114.070 |
|
Total |
195.647 |
128.174 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10550638 |
11/02/2015 |
150,000,000.00 |
PUNJAB NATIONAL BANK |
PLOT NO 316, N3 CIDCO, JALNA ROAD, AURANGABAD, MAHARASHTRA - 431003,
INDIA |
C44362929 |
|
2 |
10468941 |
06/12/2013 |
120,000,000.00 |
CENTRAL BANK OF INDIA |
INDUSTRIAL AREA, JALNA BRANCH, JALNA, MAHARASHTRA - 431203, INDIA |
B93019560 |
|
3 |
10340240 |
13/02/2012 |
117,417,000.00 |
DEPARTMENT OF BIOTECHNOLOGY |
6-8th FLOOR, BLOCK NO. 2, CGO COMPLEX, LODHI ROAD, NEW DELHI, DELHI -
110003, INDIA |
B34160010 |
|
4 |
10133690 |
01/03/2014 * |
955,000,000.00 |
STATE BANK Of INDIA |
INDUSTRIAL FINANCE BRANCH, JAGGI'S BUILDING, KRANTI CHOWK, AURANGABAD,
MAHARASHTRA - 431005, INDIA |
C14874952 |
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Computer Equipments
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.64.03 |
|
|
1 |
Rs.99.71 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
4 |
|
--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 |
|
44 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General 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.