MIRA INFORM REPORT
|
Report No. : |
326990 |
|
Report Date : |
13.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
EXOTIC FRUITS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 2675, 4th Cross, 17th Main, HAL 2nd
Stage, Indira Nagar, Bangalore – 560008, Karnataka |
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|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
08.03.1999 |
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Com. Reg. No.: |
08-024875 |
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Capital
Investment / Paid-up Capital : |
Rs.6.722 Million |
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|
|
|
CIN No.: [Company Identification
No.] |
U15137KA1999PTC024875 |
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|
|
|
IEC No.: |
0799000531 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRE00651A |
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|
|
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PAN No.: [Permanent Account No.] |
AAACE6341F |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and
Exporter of Fruits Pulps of Mango, Fruit Products. |
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|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1148000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of company’s moderate financial risk
profile marked by low profitability margins and increased in external
borrowing of the company during 2014. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution. |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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 |
CARE |
|
Rating |
Long term Loan = BB |
|
Rating Explanation |
Inadequate - credit - quality and high credit risk |
|
Date |
14.04.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term Bank Facilities = A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
14.04.2015 |
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. Prashant |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-67550901 |
|
Date : |
11.06.2015 |
LOCATIONS
|
Registered Office : |
No. 2675, 4th Cross, 17th Main, HAL 2nd
Stage, Indira Nagar, Bangalore – 560008, Karnataka, India |
|
Tel. No.: |
91-22.25550091 (Mr. Prashant) |
|
Fax No.: |
91-80-41161717 |
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E-Mail : |
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|
Website : |
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Corporate Office: |
501 Malhotra, Chembers, Deonar, Govandi East, 400088 Mumbai, India |
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|
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|
Factory : |
G-20, MIDC, Mijm & Roli, Ratnagiri, Maharashtra, India |
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|
|
|
Marketing Office : |
B-208, |
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Tel. No.: |
91-22-67550901 |
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Fax No.: |
91-22-67550902 |
DIRECTORS
AS ON 21.09.2013
|
Name : |
Mr. Tanay Srivastav |
|
Designation : |
Alternate director |
|
Address : |
43 Vascon Paradise, Opposite Baner Telephone Exchange, Baner Road,
Pune – 411045, Maharashtra, India |
|
Date of Birth/Age : |
04.07.1971 |
|
Date of Appointment : |
24.11.2010 |
|
DIN No.: |
00008575 |
|
|
|
|
Name : |
Mr. Pratik Bhupendra Popat |
|
Designation : |
Whole-time director |
|
Address : |
13 C, Sett Minar, Peddar Road, Mumbai – 400026, Maharashtra, India |
|
Date of Birth/Age : |
08.03.1966 |
|
Date of Appointment : |
25.03.1999 |
|
DIN No.: |
00542673 |
|
|
|
|
Name : |
Mr. Chandrashekar Ramakrishnan |
|
Designation : |
Whole-time director |
|
Address : |
14, Jyotsana Sivarama Nagar, Ramanath Puram, Coimbatore – 641045,
Tamilnadu, India |
|
Date of Birth/Age : |
06.10.1957 |
|
Date of Appointment : |
22.06.2007 |
|
DIN No.: |
00542727 |
|
|
|
|
Name : |
Mr. Avinash Vasant Phirke |
|
Designation : |
Managing director |
|
Address : |
401, Sneh Regnecy 79, Sector 29, Vashi, Navi Mumbai – 400004, Maharashtra, India |
|
Date of Birth/Age : |
14.08.1959 |
|
Date of Appointment : |
02.06.2003 |
|
DIN No.: |
00542852 |
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|
|
|
Name : |
Mr. Cornelis Henricus Maria Cools |
|
Designation : |
Additional director |
|
Address : |
Rotsvlinderhof 6, Province of Noord Brabant, Oosterhout NL
4904 |
|
Date of Birth/Age : |
01.03.1951 |
|
Date of Appointment : |
24.11.2010 |
|
DIN No.: |
03311949 |
KEY EXECUTIVES
|
Name : |
Mr. Prashant |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 21.09.2013
|
Names of Shareholders |
No. of Shares |
Percentage |
|
R Chandrashekar |
118750 |
17.67 |
|
Pratik B Popat |
143750 |
21.38 |
|
Avinash V Phirke |
93750 |
13.95 |
|
Dohler Asia Pte Limited, Singapore |
315920 |
47.00 |
|
Total |
672170 |
100.00 |
AS ON 21.09.2013
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
47.00 |
|
Directors or relatives of Directors |
53.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and
Exporter of Fruits Pulps of Mango, Pineapple, Fruit Products. |
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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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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Retailers, End Users
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No. of Employees : |
50 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Millions)
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Auditors : |
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|
Name : |
Ganoba and Bhat Chartered Accountants |
|
Address : |
No 45, 1st Floor, Annamalai Arcade, Wilson
Garden, Hosur Main Road, Bangalore – 560021, Karnataka, India |
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PAN.: |
AAAFG5742M |
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|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives |
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CAPITAL STRUCTURE
AS ON 21.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
672,170 |
Equity Shares |
Rs.10/- each |
Rs. 6.722
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
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 |
6.722 |
6.250 |
6.250 |
|
(b) Reserves & Surplus |
395.073 |
278.286 |
274.223 |
|
(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) |
401.795 |
284.536 |
280.473 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
189.658 |
157.858 |
23.176 |
|
(b) Deferred tax liabilities (Net) |
11.269 |
7.553 |
0.071 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.667 |
2.888 |
2.727 |
|
Total Non-current
Liabilities (3) |
207.594 |
168.299 |
25.974 |
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
391.885 |
288.476 |
253.426 |
|
(b) Trade
payables |
49.013 |
7.495 |
39.979 |
|
(c) Other
current liabilities |
301.150 |
215.859 |
86.187 |
|
(d) Short-term
provisions |
3.262 |
1.635 |
90.610 |
|
Total Current
Liabilities (4) |
745.310 |
513.465 |
470.202 |
|
|
|
|
|
|
TOTAL |
1354.699 |
966.300 |
776.649 |
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|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
503.665 |
343.695 |
74.588 |
|
(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 |
2.728 |
119.544 |
43.078 |
|
(b) Non-current Investments |
0.109 |
0.110 |
0.109 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
6.546 |
2.056 |
29.834 |
|
(e) Other
Non-current assets |
3.895 |
1.834 |
1.684 |
|
Total Non-Current
Assets |
516.943 |
467.239 |
149.293 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
286.870 |
257.149 |
234.217 |
|
(c) Trade
receivables |
219.638 |
61.833 |
76.666 |
|
(d) Cash
and cash equivalents |
41.903 |
36.972 |
41.874 |
|
(e)
Short-term loans and advances |
93.235 |
82.445 |
184.974 |
|
(f) Other
current assets |
196.110 |
60.662 |
89.625 |
|
Total
Current Assets |
837.756 |
499.061 |
627.356 |
|
|
|
|
|
|
TOTAL |
1354.699 |
966.300 |
776.649 |
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
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|
|
|
|
TOTAL
INCOME (A) |
1730.467 |
1083.751 |
1292.496 |
|
|
|
|
|
|
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|
Less |
EXPENSES |
|
|
|
|
|
|
|
Expenses |
1567.929 |
991.746 |
1213.028 |
|
|
|
Exception Items |
2.955 |
(2.690) |
0.000 |
|
|
|
TOTAL
EXPENSES (B) |
1570.884 |
989.056 |
1213.028 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
159.583 |
94.695 |
79.468 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
82.474 |
59.217 |
53.569 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
77.109 |
35.478 |
25.899 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
58.157 |
23.487 |
8.973 |
|
|
|
|
|
|
|
|
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|
PROFIT BEFORE
TAX (E-F) (G) |
18.952 |
11.991 |
16.926 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
12.965 |
7.928 |
0.000 |
|
|
|
|
|
|
|
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|
|
PROFIT AFTER TAX
(G-H) (I) |
5.987 |
4.063 |
13.960 |
|
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|
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|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1444.142 |
885.355 |
NA |
|
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|
|
|
|
|
|
Earnings Per
Share (Rs.) |
9.58 |
6.50 |
22.34 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
N.A |
N.A |
N.A |
|
Cash generated from operations |
N.A |
N.A |
N.A |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.40 |
1.42 |
2.31 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.05 |
0.04 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.45 |
1.57 |
0.99 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
0.97 |
1.33 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Millions]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Share Capital |
6.250 |
6.250 |
6.722 |
|
Reserves & Surplus |
274.223 |
278.286 |
395.073 |
|
Net worth |
280.473 |
284.536 |
401.795 |
|
|
|
|
|
|
long-term borrowings |
23.176 |
157.858 |
189.658 |
|
Short term borrowings |
253.426 |
288.476 |
391.885 |
|
Total borrowings |
276.602 |
446.334 |
581.543 |
|
Debt/Equity ratio |
0.986 |
1.569 |
1.447 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Total Income |
1292.496 |
1083.751 |
1730.467 |
|
|
|
-16.151 |
59.674 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Millions) |
(Rs. In Millions) |
(Rs. In Millions) |
|
Sales |
1292.496 |
1083.751 |
1730.467 |
|
Profit |
13.960 |
4.063 |
5.987 |
|
|
1.08% |
0.37% |
0.35% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last three years |
Yes |
|
12] |
Profitability for last three years |
Yes |
|
13] |
Reasons for variation <> 20% |
No |
|
14] |
Estimation for coming financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
21] |
Market information |
No |
|
22] |
Litigations that the firm / promoter involved in |
No |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking account |
No |
|
26] |
Buyer visit details |
No |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
Yes |
|
30] |
Major Shareholders, if available |
Yes |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
Note: The registered
address of the company 877, Krishna Tp1 Bh, 1a, 1, Indiranagar, Indiranagar,
Bengaluru, Karnataka 560038 to the present address No. 2675, 4th
Cross, 17th Main, HAL 2nd Stage, Indira Nagar, Bangalore
– 560008, Karnataka, India.
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10436345 |
22/09/2014 * |
1,379,200,000.00 |
Andhra Bank |
Opera House Branch, 9/15, Mama Parmanand Marg, Queen's Road, Mumbai, Maharashtra - 400004, India |
C33241050 |
|
2 |
10351243 |
02/03/2012 |
279,200,000.00 |
Andhra Bank |
N R Road Branch, Bangalore, Karnataka - 560002, India |
B38023925 |
|
3 |
10314927 |
07/09/2011 |
50,000,000.00 |
Andhra Bank |
N R Road Branch, Bangalore, Karnataka - 560002, India |
B24208837 |
|
4 |
10065380 |
25/06/2008 * |
93,000,000.00 |
Andhra Bank |
N R Road Branch, Bangalore, Karnataka - 560002, India |
A42752162 |
|
5 |
80006943 |
02/03/2012 * |
960,000,000.00 |
Andhra Bank |
N R Road Branch, Bangalore, Karnataka - 560002, India |
B38040879 |
|
6 |
80007892 |
28/04/2000 * |
40,000,000.00 |
Andhra Bank |
N R Road, Bangalore, Karnataka - 560002, India |
- |
* Date of charge modification
BUSINESS DEVELOPMENTS:
During the season 2013, the new factory in Krishnagiri achieved its full capacity and the Company has improved the ripening and processing facilities at Ratnagiri factory. The Company issued 190920 equity shares of Rs.10/- each at a premium of Rs.776.47/- per share in July 2013 to its overseas shareholder M/s. Doehler Asia Private Limited, and also bought back the shares from the existing shareholder. This has resulted in the increase of the Doehler shareholding from 20% to 47% during the year.
Fixed Assets
- Leasehold land
- Building
- Plant and machinery
- Electrical installation
- Office Equipments
- Computer
- Lab Equipments
- Furniture and fixtures
- Vehicle
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.63.90 |
|
|
1 |
Rs.98.16 |
|
Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
|
Information
Gathered by : |
MAN |
|
|
|
|
Analysis Done by
: |
KRA |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.