MIRA INFORM REPORT
|
Report No. : |
324720 |
|
Report Date : |
04.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
SPELL ORGANICS LIMITED (w.e.f. 31.05.1993) |
|
|
|
|
Formerly Known
As : |
SPELL ORGANICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
16/3B Ansari Road, Daryagunj, New Delhi – 110002 |
|
Tel. No.: |
91-11-23281645/23281629 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
07.06.1988 |
|
|
|
|
Com. Reg. No.: |
55-031991 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.4.571 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24239DL1988PLC031991 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
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PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of bakery products. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 76000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually Correct |
|
|
|
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Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a well-established company having satisfactory track. The company possesses, an acceptable financial profile marked by
modest networth base. The ratings also take into consideration the various certifications of
food safety management systems subject is accredited. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of long standing experience of the 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.
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. Suresh Kumar Mundhra |
|
Designation : |
Director |
|
Contact No.: |
91-11-23281645 |
|
Date : |
28.05.2015 |
LOCATIONS
|
Registered Office/ Head Office : |
16/3B, Ansari Road, Daryaganj, New Delhi – 110002, India |
|
Tel. No.: |
91-11-23281645 / 23281629 |
|
Mobile No.: |
91-9811032922 (Mr. Mahesh Sharma) 91-9999714096 (Mr.Nikhil Mundhara ) |
|
Fax No.: |
91-11-23252582 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned and Commercial |
|
|
|
|
Factory : |
128, Rozka Meo Industrial Estate, Tehsil: Nuh, District Mewat –
122103, Haryana, India |
|
Tel. No.: |
91-9254303750 |
|
Fax No.: |
91-11-23252582 |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Mr. Suresh Kumar Mundhra |
|
Designation : |
Director |
|
Address : |
N-43, Greater Kailash – 1, New Delhi – 110048, India |
|
Date of Birth/Age : |
03.06.1954 |
|
Date of Appointment : |
22.09.1995 |
|
DIN No. : |
00340291 |
|
|
|
|
Name : |
Mr. Balram Singhi |
|
Designation : |
Director |
|
Address : |
KL – 78, Kavinagar, Ghaziabad - 201001, Uttar Pradesh, India |
|
Date of Birth/Age : |
13.08.1958 |
|
Date of Appointment : |
24.12.2001 |
|
DIN No.: |
02725976 |
|
|
|
|
Name : |
Mr. Ramavtar Sharma |
|
Designation : |
Director |
|
Address : |
19, Sundariya, Bhukharon Ki Dhani, Fulera, Jaipur – 301201, Rajasthan,
India |
|
Date of Birth/Age : |
19.09.1957 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No. : |
02895514 |
|
|
|
|
Name : |
Mr. Jagdish Prasad Lahoti |
|
Designation : |
Director |
|
Address : |
160, Pandya Dharamshala, Ward No. 16, Sujangarh, Churu, Jaipur –
331507, Rajasthan, India |
|
Date of Birth/Age : |
02.01.1960 |
|
Date of Appointment : |
30.09.2011 |
|
DIN No. : |
03479773 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Shareholders |
No. of Shares |
|
Madhurica Mundhra |
193540 |
|
Shree Kumar Mundhra |
87010 |
|
Suresh Kumar Mundhra |
87025 |
|
Sangita Mundhra |
100 |
|
Nikhil Mundhra |
1000 |
|
Madan Lal Mundhra |
1000 |
|
Jagdish Prasad Lahoti |
100 |
|
Balram Singi |
100 |
|
Ramavtar Sharma |
100 |
|
Shiv Kumar Jain |
20450 |
|
Sidhartha Jain |
2863 |
|
Pigment and Chromate India Private Limited, India |
21277 |
|
S.K. Consultants Limited, India |
21277 |
|
Bengal Polyplus Private Limited, India |
21277 |
|
Total |
457119 |
Equity Share Break up (Percentage of Total Equity)
AS ON 26.09.2014
|
Category |
Percentage |
|
Bodies corporate |
13.96 |
|
Directors or relatives of Directors |
80.94 |
|
Other top fifty shareholders |
5.10 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of bakery products. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
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|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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||||||||||||||||||||||||||||||
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||||||||||||||||||||||||||||||
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Facilities : |
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|
Auditors : |
|
|
Name : |
Oswal Sunil and Company Chartered Accountants |
|
Address : |
71, Daryaganj, New Delhi – 110002, India |
|
Tel. No.: |
91-11-23251582 / 23262902 / 43060999 |
|
Fax No.: |
91-11-23275175 |
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E-Mail : |
|
|
Website : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABF02315D |
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|
|
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Memberships : |
--- |
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|
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Collaborators : |
--- |
|
|
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Enterprises over which key management personal have significant
influence : |
|
CAPITAL STRUCTURE
AS ON 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
457119 |
Equity Shares |
Rs.10/- each |
Rs.4.571 Million |
|
|
|
|
|
ABRIDGED
BALANCE SHEET
FINANCIAL DATA
[all figures are
in Rupees Million]
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
4.571 |
4.571 |
4.571 |
|
(b) Reserves & Surplus |
17.883 |
15.658 |
13.635 |
|
(c) Money
received against share warrants |
4.150 |
4.150 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
4.150 |
|
Total
Shareholders’ Funds (1) + (2) |
26.604 |
24.379 |
22.356 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
10.631 |
10.760 |
3.217 |
|
(b) Deferred tax liabilities (Net) |
1.058 |
0.680 |
0.459 |
|
(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) |
11.689 |
11.440 |
3.676 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
20.864 |
10.321 |
18.877 |
|
(b) Trade
payables |
4.089 |
6.968 |
0.967 |
|
(c) Other
current liabilities |
2.460 |
3.195 |
1.437 |
|
(d) Short-term
provisions |
1.370 |
0.732 |
0.675 |
|
Total Current
Liabilities (4) |
28.783 |
21.216 |
21.956 |
|
|
|
|
|
|
TOTAL |
67.076 |
57.035 |
47.988 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
26.229 |
26.528 |
18.355 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.104 |
0.074 |
0.063 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
26.333 |
26.602 |
18.418 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
22.360 |
15.783 |
14.213 |
|
(c) Trade
receivables |
12.268 |
12.184 |
13.974 |
|
(d) Cash
and cash equivalents |
0.489 |
0.137 |
0.222 |
|
(e)
Short-term loans and advances |
5.600 |
2.313 |
1.133 |
|
(f) Other current
assets |
0.026 |
0.016 |
0.028 |
|
Total
Current Assets |
40.743 |
30.433 |
29.570 |
|
|
|
|
|
|
TOTAL |
67.076 |
57.035 |
47.988 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
159.499 |
152.942 |
153.869 |
|
|
|
Other Income |
0.403 |
1.953 |
0.033 |
|
|
|
TOTAL |
159.902 |
154.895 |
153.902 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
136.744 |
134.341 |
136.860 |
|
|
|
Other Direct Expenses |
7.808 |
7.215 |
3.347 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(0.960) |
(1.319) |
(1.019) |
|
|
|
Employees benefits expense |
2.612 |
2.725 |
4.569 |
|
|
|
Other expenses |
4.758 |
4.201 |
3.220 |
|
|
|
TOTAL |
150.962 |
147.163 |
146.977 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
8.940 |
7.732 |
6.925 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.769 |
3.245 |
2.989 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.171 |
4.487 |
3.936 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
1.930 |
1.516 |
1.472 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
3.241 |
2.971 |
2.464 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
1.016 |
0.947 |
0.818 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.225 |
2.024 |
1.646 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
F.O.B. Value of Exports |
6.728 |
2.667 |
3.100 |
|
|
TOTAL EARNINGS |
6.728 |
2.667 |
3.100 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.87 |
4.43 |
3.60 |
|
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 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
180.000 |
The above information has been parted by Mr. Suresh Mundhra (Director)
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
1.39 |
1.32 |
1.07 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.61 |
5.06 |
4.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.83 |
5.21 |
5.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.12 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.18 |
0.86 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.42 |
1.43 |
1.35 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
4.571 |
4.571 |
4.571 |
|
Reserves & Surplus |
13.635 |
15.658 |
17.883 |
|
Money received against
share warrants |
4.150 |
4.150 |
0.000 |
|
Share Application money pending allotment |
4.150 |
0.000 |
0.000 |
|
Net worth |
26.506 |
24.379 |
22.454 |
|
|
|
|
|
|
long-term borrowings |
3.217 |
10.760 |
10.631 |
|
Short term borrowings |
18.877 |
10.321 |
20.864 |
|
Total borrowings |
22.094 |
21.081 |
31.495 |
|
Debt/Equity ratio |
0.834 |
0.865 |
1.403 |
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 |
153.869 |
152.942 |
159.499 |
|
|
|
(0.602) |
4.287 |
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 |
153.869 |
152.942 |
159.499 |
|
Profit |
1.646 |
2.024 |
2.225 |
|
|
1.07% |
1.32% |
1.39% |
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 |
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loan and
Advances from related Parties |
|
|
|
From Directors |
2.669 |
1.680 |
|
From Shareholders |
3.169 |
2.429 |
|
Total |
5.838 |
4.109 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10393633 |
10/11/2012 |
985000 |
Punjab National Bank |
13, Alipur Road, Civil Lines, New Delhi, Delhi - 110054, INDIA |
B64754302 |
|
2 |
10086179 |
19/11/2012 |
36500000 |
Punjab National Bank |
13, Alipur Road, Civil Lines, New Delhi, Delhi - 110054, INDIA |
B64759012 |
|
3 |
10086180 |
19/11/2012 |
36500000 |
Punjab National Bank |
13, Alipur Road, Civil Lines, New Delhi, Delhi - 110054, INDIA |
B64757677 |
|
4 |
90049765 |
18/04/2006 |
11600000 |
ING VYSYA BANK LIMITED |
KAROL BAGH BRANCH,KAROL BAGH, NEW DELHI, NEW DELHI, Delhi - 110006, INDIA |
- |
|
5 |
90049552 |
18/04/2006 |
5000000 |
ING VYSYA BANK LIMITED |
KAROL BAGH BRANCH,KAROL BAGH, NEW DELHI, NEW DELHI, Delhi - 110006, INDIA |
- |
|
6 |
90048387 |
18/04/2006 |
5800000 |
ING VYSYA BANK LIMITED |
KAROL BAGH BRANCH,KAROL BAGH, NEW DELHI, NEW DELHI, Delhi - 110006, INDIA |
A00807487 |
|
7 |
90046038 |
14/09/1993 |
4300000 |
UCO BANK |
DEFENCE COLONY, NEW DELHI, Delhi, INDIA |
- |
CONTINGENT
LIABILITIES:
(Rs.
in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Corporate Guarantee |
10.000 |
10.000 |
|
|
|
|
FIXED ASSETS
- Land
- Building
- Plant and
Machinery
- Fire
Equipment
- Lab Equipment
- Furniture and
Fixture
- Office
Equipment
- Computers
- Electrical
Installation
- Air
Conditioner
- Generator
- Motor
vehicles
- 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 records 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.64.17 |
|
|
1 |
Rs.98.30 |
|
Euro |
1 |
Rs.72.25 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DDD |
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 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
46 |
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
unfavorable 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.