MIRA
INFORM REPORT
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Report No. : |
334721 |
|
Report Date : |
31.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
GUMPRO DRILLING FLUIDS PRIVATE LIMITED |
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|
|
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Registered
Office : |
Hazarat Compound, L.B.S. Marg, Vikhroli West, Mumbai – 400083, |
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Tel. No.: |
91-22-25793280 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
04.08.2008 |
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Com. Reg. No.: |
11-185433 |
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Capital
Investment / Paid-up Capital : |
Rs.55.200 Million |
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|
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CIN No.: [Company Identification
No.] |
U74999MH2008PTC185433 |
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IEC No.: |
0308049977 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AADCG2319N |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in manufacturing of Flake Calcium Carbonate |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track record. Rating takes into consideration, subject above average financial risk
profile marked by sizeable net worth base, improving cash balance and
comfortable gearing. However rating also takes into consideration working
capital intensive nature of operations. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In the view of extensive experience of promoters, the subject 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
December 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term Rating A3+ |
|
Rating Explanation |
Moderate degree of safety and high credit risk |
|
Date |
December 2014 |
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 DECLINED
Management non Cooperative (Tel No.: 91-22-25793280)
LOCATIONS
|
Registered Office : |
Hazarat Compound, L.B.S. Marg, Vikhroli West, Mumbai – 400083,
Maharashtra, India |
|
Tel. No.: |
91-22-25793280 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
As on 05.09.2014
|
Name : |
Mr. Vivek Anand Gupta |
|
Designation : |
Director |
|
Address : |
Shiv-Krupa, 18/20, St. Mary’s Road, Mazagaon, Mumbai – 400010,
Maharshtra, India |
|
Date of Birth/Age : |
15.07.1985 |
|
Date of Appointment : |
04.08.2008 |
|
DIN No.: |
02256940 |
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|
|
|
Name : |
Mr. Anand G. Gupta |
|
Designation : |
Managing Director |
|
Address : |
Shiv-Krupa, 18/20, St. Mary’s Road, Mazagaon, Mumbai – 400010,
Maharshtra, India |
|
Date of Birth/Age : |
14.12.1959 |
|
Date of Appointment : |
04.08.2008 |
|
DIN No.: |
02233629 |
|
|
|
|
Name : |
Mr. Vinayak Manohar Hajare |
|
Designation : |
Director |
|
Address : |
Flat No. ¾, Sarguro Park I, Deonar Farm Road, Deonar, Mumbai – 400088,
Maharashtra, India |
|
Date of Birth/Age : |
06.09.1959 |
|
Date of Appointment : |
19.04.2011 |
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DIN No.: |
00004635 |
|
|
|
|
Name : |
Mr. Yogesh Ratilal Jagiwala |
|
Designation : |
Director |
|
Address : |
Shanta Bhuvan (Jai Chawl), 28 C, (55), Vallabhbhai Road, Vile Parle (West),
Mumbai – 400056, Maharashtra, India |
|
Date of Birth/Age : |
16.03.1952 |
|
Date of Appointment : |
16.03.2011 |
|
DIN No.: |
03496530 |
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|
|
|
Name : |
Mrs. Sejal Vivek Gupta |
|
Designation : |
Director |
|
Address : |
Shiv-Krupa, 18/20, St. Mary’s Road, Mazagaon, Mumbai – 400010,
Maharshtra, India |
|
Date of Birth/Age : |
21.04.1987 |
|
Date of Appointment : |
26.03.2013 |
|
DIN No.: |
06537435 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 05.09.2014
|
Names of Shareholders |
No. of Shares |
|
Vivek A Gupta |
120000 |
|
Anand G. Gupta |
1380000 |
|
Anand G Gupta – Joint Holder – Chetna Gupta |
3864000 |
|
Chetna Gupta |
120000 |
|
Vivek Gupta, Joint Holder – Sejal Gupta |
25200 |
|
Sejal Gupta |
10800 |
|
Total |
5520000 |
Equity Share Break up (Percentage of Total Equity)
As on 05.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing of Flake Calcium Carbonate |
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Products : |
Not Divulged |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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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 : |
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Name : |
Pankaj R Shah and Associates Chartered Accountants |
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Address : |
701-702 Regency Plaza , Anandnagar Cross Road, Satellite, Ahmedabad, Gujarat, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFP8923D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiaries : |
· ASAP Fluids Private Limited U74990MH2010PTC200102 · Gumpro Drilling Fluids FZE, United Arab Emirates |
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|
Holding Company |
Gumpro Drilling Fluids Private Limited (GDFPL) |
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|
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Relatives of Key
management personnel |
· Vivekanand Mills, India · Vivekanand Gums and Private Limited., India · Sumit Services, India · Saraswati Mills Stores, India · Hazarat and co. Meypro Gums Div · Gumpro Garmets and Chetna Gupta · A S Oil Field Equipment's Private Limited · 3033 Specialities and Vivekanand Mills Saki |
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|
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Other parties : |
· Vivekanand Gums and · Polymers Private Limited India · Gumpro Chem, Kalol |
CAPITAL STRUCTURE
As on 05.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6000000 |
Equity Shares |
Rs.10/- each |
Rs.60.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5520000 |
Equity Shares |
Rs.10/- each |
Rs.55.200
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 |
55.200 |
48.000 |
48.000 |
|
(b) Reserves & Surplus |
213.377 |
151.290 |
115.699 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
4.800 |
12.000 |
12.000 |
|
Total
Shareholders’ Funds (1) + (2) |
273.377 |
211.290 |
175.699 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
50.339 |
45.575 |
29.850 |
|
(b) Deferred tax liabilities
(Net) |
7.787 |
5.176 |
5.324 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
6.519 |
6.864 |
2.877 |
|
Total
Non-current Liabilities (3) |
64.645 |
57.615 |
38.051 |
|
|
|
|
|
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(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
41.558 |
51.950 |
31.538 |
|
(b) Trade payables |
45.076 |
41.530 |
50.567 |
|
(c) Other current liabilities |
53.208 |
62.539 |
57.428 |
|
(d) Short-term provisions |
9.442 |
7.819 |
6.712 |
|
Total
Current Liabilities (4) |
149.284 |
163.838 |
146.245 |
|
|
|
|
|
|
TOTAL |
487.306 |
432.743 |
359.995 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
134.860 |
121.245 |
114.816 |
|
(ii) Intangible Assets |
0.284 |
0.395 |
0.528 |
|
(iii) Capital work-in-progress |
9.065 |
0.000 |
3.274 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
58.387 |
51.993 |
29.960 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
16.201 |
16.201 |
16.614 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
218.797 |
189.834 |
165.192 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
66.349 |
56.602 |
66.852 |
|
(c) Trade receivables |
113.651 |
102.547 |
61.958 |
|
(d) Cash and cash equivalents |
28.058 |
9.866 |
3.366 |
|
(e) Short-term loans and
advances |
59.205 |
72.204 |
60.851 |
|
(f) Other current assets |
1.246 |
1.690 |
1.776 |
|
Total
Current Assets |
268.509 |
242.909 |
194.803 |
|
|
|
|
|
|
TOTAL |
487.306 |
432.743 |
359.995 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from Operations |
520.197 |
457.853 |
|
|
|
Other Income |
3.440 |
5.065 |
|
|
|
TOTAL
(A) |
523.637 |
462.918 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
393.332 |
366.193 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
130.305 |
96.725 |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
16.422 |
21.292 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
113.883 |
75.433 |
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
19.009 |
16.836 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
94.874 |
58.597 |
49.498 |
|
|
|
|
|
|
|
Less |
TAX (H) |
24.711 |
14.569 |
11.571 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
70.163 |
44.028 |
37.927 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
418.204 |
395.178 |
323.562 |
|
|
TOTAL
EARNINGS |
418.204 |
395.178 |
323.562 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
12.71 |
7.97 |
6.87 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
8.258 |
17.823 |
18.656 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
84.295 |
57.300 |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
13.49 |
9.62 |
NA |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
25.05 |
21.13 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
22.60 |
15.39 |
15.15 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.35 |
0.28 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.37 |
0.55 |
0.46 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.80 |
1.48 |
1.33 |
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 |
48.000 |
48.000 |
55.200 |
|
Reserves & Surplus |
115.699 |
151.290 |
213.377 |
|
Share Application money pending allotment |
12.000 |
12.000 |
4.800 |
|
Net
worth |
175.699 |
211.290 |
273.377 |
|
|
|
|
|
|
long-term borrowings |
29.850 |
45.575 |
50.339 |
|
Short term borrowings |
31.538 |
51.950 |
41.558 |
|
Current Maturities Of
Long-Term Debts |
18.656 |
17.823 |
8.258 |
|
Total
borrowings |
80.044 |
115.348 |
100.155 |
|
Debt/Equity
ratio |
0.456 |
0.546 |
0.366 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
457.853 |
520.197 |
|
|
-- |
13.617 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
457.853 |
520.197 |
|
Profit |
44.028 |
70.163 |
|
|
9.62% |
13.49% |
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 |
Yes |
|
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 |
OVERALL ECONOMIC
OUTLOOK
The year 2013-14 witnessed the recovery of global economy from the global crisis of 2009. Global activity has broadly strengthened and is expected to improve further in 2014-15, with much of the impetus for growth coming from advanced economies. The downside risks have diminished but there is still an increased financial volatility in emerging market economies, and also increase in the cost of capital which is likely to dampen investment and weigh on growth.
The Indian Economic growth in 2013- 14 slowed down to a decade low of less than 5%. The growth slowdown was mainly attributable to contraction in the manufacturing sector coupled with low investment and consumption in infrastructure sectors although the effect was partly offset by modest growth in Agriculture and Allied Sectors and growth in exports due to rupee depreciation.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
30.000 |
30.000 |
|
|
|
|
|
Total |
30.000 |
30.000 |
INDEX OF CHARGES
Bankers Charges
Report as per Registry
|
This form is for |
Modification of
charge |
||||||
|
Charge
identification number of the modified |
10381675 |
||||||
|
Corporate
identity number of the company |
U74999MH2008PTC185433 |
||||||
|
Name of the
company |
GUMPRO DRILLING
FLUIDS PRIVATE LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
Hazarat Compound, L.B.S. Marg, Vikhroli West, Mumbai – 400083,
Maharashtra |
||||||
|
Type of charge |
Immovable
Property |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
description of the instrument creating or modifying the charge |
No instrument was
executed. Charge created by way of equitable mortgage by deposit of title
deeds by constructive delivery. |
||||||
|
Date of instrument
Creating the charge |
23.01.2014 |
||||||
|
Amount secured by
the charge |
Rs. 188.700
Million |
||||||
|
Short particulars
of the property charged |
Immovable
property being land and building at Plot No.193, Area H.R.P. 0-50-4, Village
Dheku, Off Khopoli Rd, KIDC, Taluka Khalapur, Khopoli, Dist. Raigad, jointly
owned by the Company and Mr. Anand Gupta |
||||||
|
|
|
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|
Date of latest
modification prior to the present modification |
02.11.2013 |
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against company not acknowledged as debt |
1.880 |
4.321 |
|
Guarantees |
190.323 |
153.047 |
FIXED ASSETS
· Buildings
· Plant and equipment
· Factory equipments
· Furniture and fixtures
· Vehicles
· Office equipment
· 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.64.00 |
|
|
1 |
Rs.99.83 |
|
Euro |
1 |
Rs.70.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
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 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.