MIRA INFORM REPORT
|
Report No. : |
325046 |
|
Report Date : |
11.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KARAN POLYMERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
56-E, Hemant Basu Sarani, Stephen House, 4th Floor, Room
No. 57ABC, Kolkata – 700001, West Bengal |
|
Tel. No.: |
91-33-22623124 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
25.04.1997 |
|
|
|
|
Com. Reg. No.: |
21-084089 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 28.567 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28113WB1997PTC084089 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALK02324A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCK3114F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of PVC Pipes and Fitting, Master Batches
etc. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated during the year 1997.
It has a satisfactory track record. As per the available financial details of the company it has decline
in the profit margin. However the net worth is satisfactory with low borrowing
and sound reserves. The general financial position of the company is decent. Trade relations are reported as fair. Business is active. Payment
terms are slow but correct. The company can be considered for normal 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 DENIED DECLINED BY
|
Name : |
Mr. Ramrai |
|
Designation : |
Accountant |
|
Contact No.: |
91-33-22623124 |
|
Date : |
30.05.2015 |
LOCATIONS
|
Registered Office : |
56-E, Hemant Basu Sarani, Stephen House, 4th Floor, Room
No. 57ABC, Kolkata – 700001, West Bengal, India |
|
Tel. No.: |
91-22-22623124 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
2500 sq. ft. |
|
Location : |
Commercial |
|
|
|
|
Factory : |
Village and Post Office Islampure, P.S. Jagat Vallabhpur, Howrah –
711401, Kolkata, West Bengal |
DIRECTORS
AS ON 29.09.2014
|
Name : |
Mr. Mal Chand Agarwal |
|
Designation : |
Director |
|
Address : |
5, Camac Street, 8th Floor, Flat No. F /8, Kolkata –
700017, West Bengal, India |
|
Date of Birth/Age : |
23.06.1944 |
|
Date of Appointment : |
25.04.1997 |
|
DIN No.: |
00118006 |
|
|
|
|
Name : |
Mr. Shyamlal Agarwal |
|
Designation : |
Director |
|
Address : |
5, Camac Street, 8th Floor, Flat No. F /8, Kolkata –
700017, West Bengal, India |
|
Date of Birth/Age : |
03.12.1971 |
|
Qualification : |
B. Com |
|
Date of Appointment : |
25.04.1997 |
|
DIN No.: |
00115643 |
|
|
|
|
Name : |
Mrs. Varsha Agarwal |
|
Designation : |
Director |
|
Address : |
5, Camac Street, 8th Floor, Flat No. F /8, Kolkata –
700017, West Bengal, India |
|
Date of Birth/Age : |
12.01.1978 |
|
Qualification : |
B A |
|
Date of Appointment : |
10.09.2005 |
|
DIN No.: |
00115798 |
KEY EXECUTIVES
|
Name : |
Mr. Ramrai |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Mal Chand Agarwal |
|
95100 |
|
Shyam Lal Agarwal |
|
167600 |
|
Shakuntala Devi Agarwal |
|
11000 |
|
Shikha Agarwal |
|
770000 |
|
Mal Chand Agarwal and Sons HUF |
|
42500 |
|
Anil Agarwal |
|
87000 |
|
Kusum Management Services Private Limited ( |
|
50000 |
|
Vidyadhar Agarwal |
|
15000 |
|
Shakuntala Devi Agarwal |
|
650000 |
|
Varsha Agarwal |
|
90000 |
|
Reliance Finvest Private Limited ( |
|
50000 |
|
Anil Agarwal and Sons (HUF) |
|
50000 |
|
S.L. Agarwal and Sons HUF |
|
200000 |
|
Kunal Foundation Private Limited ( |
|
402500 |
|
Angoora Tradefin Private Limited, India |
|
14000 |
|
Anupam Advisory Private Limited, India |
|
12000 |
|
Artline Vinimay Private Limited, India |
|
24000 |
|
Doonvalley Finance and Leasing Limited, India |
|
12000 |
|
Drake Commercial Private Limited, India |
|
8000 |
|
Kartick Commercials and Financiers Private Limited, India |
|
28000 |
|
Kavery Trading and Holding Private Limited, India |
|
12000 |
|
Kokila Exports Private Limited, India |
|
8000 |
|
Motorex Finance Private Limited, India |
|
12000 |
|
Oven Commercials Private Limited, India |
|
12000 |
|
P. G. Commercials Private Limited, India |
|
20000 |
|
Sidlaw Commercials Private Limited, India |
|
14000 |
|
Total |
|
2856700 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
23.75 |
|
Directors or relatives of Directors |
75.34 |
|
Other top fifty shareholders |
0.91 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of PVC Pipes and Fitting, Master Batches
etc. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
Australia |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cheque and Credit |
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Purchasing : |
Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers and End Users
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No. of Employees : |
40 (Approximately) |
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Bankers : |
· State Bank of India. SSI Branch, Bhowanipore, 39 Shakespeare Sarani, Kolkata – 700017, West Bengal, India ·
Citi Bank N.A., Kanak Building, 41 Chowringhee Road, Kolkata,
West Bengal - 700071, India ·
ICICI Bank Limited |
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Facilities : |
|
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Auditors : |
|
|
Name : |
P. K. Agarwalla and Company Chartered Accountants |
|
Address : |
33/1, Netaji Subhas Road, Marshall House, 7th Floor, Room No.713-714,
Kolkata – 700001, West Bengal, India |
|
Income-tax
PAN of auditor or auditor's firm : |
ADBPA6805H |
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|
|
|
Memberships : |
--- |
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|
|
|
Collaborators : |
---- |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3500000 |
Equity Shares |
Rs.10/- each |
Rs. 35.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2856700 |
Equity Shares |
Rs.10/- each |
Rs.28.567
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 |
28.567 |
28.567 |
28.567 |
|
(b) Reserves & Surplus |
78.788 |
78.658 |
76.692 |
|
(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) |
107.355 |
107.225 |
105.259 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.352 |
0.352 |
0.000 |
|
(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) |
0.352 |
0.352 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
47.257 |
55.069 |
16.756 |
|
(b) Trade
payables |
6.843 |
6.507 |
6.343 |
|
(c) Other
current liabilities |
12.394 |
6.301 |
7.441 |
|
(d) Short-term
provisions |
0.000 |
0.567 |
1.663 |
|
Total Current
Liabilities (4) |
66.494 |
68.444 |
32.203 |
|
|
|
|
|
|
TOTAL |
174.201 |
176.021 |
137.462 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
85.997 |
85.612 |
50.388 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
85.997 |
85.612 |
50.388 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
44.633 |
44.496 |
21.703 |
|
(c) Trade
receivables |
27.847 |
28.856 |
33.169 |
|
(d) Cash
and cash equivalents |
3.759 |
2.161 |
5.013 |
|
(e) Short-term
loans and advances |
11.965 |
14.896 |
27.189 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
88.204 |
90.409 |
87.074 |
|
|
|
|
|
|
TOTAL |
174.201 |
176.021 |
137.462 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
219.950 |
172.271 |
179.627 |
|
|
|
Other Income |
3.367 |
2.010 |
0.726 |
|
|
|
TOTAL |
223.317 |
174.281 |
180.353 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
199.320 |
163.874 |
173.916 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
23.997 |
10.407 |
6.437 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
12.192 |
7.432 |
2.817 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
11.805 |
2.975 |
3.620 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
11.675 |
1.009 |
1.15 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.130 |
1.966 |
2.470 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
11.293 |
9.327 |
6.857 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
11.423 |
11.293 |
9.327 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
Raw Materials |
63.337 |
85.168 |
50.610 |
|
|
|
TOTAL IMPORTS |
63.337 |
85.168 |
50.610 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.05 |
0.69 |
0.86 |
|
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 Million]
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover |
|
|
280.000 |
The above information has been parted by Mr. Ramrai (Accountant)
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
0.06 |
1.14 |
1.38 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
10.91 |
6.04 |
3.58 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.78 |
1.69 |
2.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.11 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.44 |
0.51 |
0.16 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.33 |
1.32 |
2.70 |
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 |
28.567 |
28.567 |
28.567 |
|
Reserves & Surplus |
76.692 |
78.658 |
78.788 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
105.259 |
107.225 |
107.355 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
16.756 |
55.069 |
47.257 |
|
Total borrowings |
16.756 |
55.069 |
47.257 |
|
Debt/Equity ratio |
0.159 |
0.514 |
0.440 |
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 |
179.627 |
172.271 |
219.950 |
|
|
|
(4.095) |
27.677 |
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 |
179.627 |
172.271 |
219.950 |
|
Profit |
2.470 |
1.966 |
0.130 |
|
|
1.38% |
1.14% |
0.06% |
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 |
Yes |
|
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 |
No |
|
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 |
PERFORMANCAEN DO PERATIONARLE
SULTS
During
the year Company's turnover in PVC Pipes & Pipe Fittings remained more or
less same as compared to last year
inspite of price fluctuations and competitive condition prevailing in the
market. The company's overall performance was satisfactory.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
From other
parties From Directors |
2.363 |
0.324 |
|
From Others |
3.067 |
4.026 |
|
Others (Being Companies) |
27.748 |
23.669 |
|
|
|
|
|
Total |
31.178 |
28.019 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10403373 |
25/01/2013 |
73000000 |
Citibank N.A |
Kanak Building, 41 Chowringhee Road, Kolkata, West Bengal - 700071, INDIA |
B68270578 |
|
2 |
10358316 |
07/05/2012 |
50000000 |
Citibank N.A |
Kanak Building, 41 Chowringhee Road, Kolkata, West Bengal - 700071, INDIA |
B40678591 |
FIXED ASSETS
· Land
· Factory Building
· Furniture and Fixture
· Air Conditioner
· Electrical Equipments
· Fire Extinguisher
· Office Equipments
· Plant and Machinery
· Testing Equipments
· Vehicles
· Computers
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.63.89 |
|
|
1 |
Rs.98.89 |
|
Euro |
1 |
Rs.72.31 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUV |
|
|
|
|
Analysis Done by
: |
TRH |
|
|
|
|
Report Prepared
by : |
DDD |
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 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--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
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.