MIRA INFORM REPORT
|
Report No. : |
327625 |
|
Report Date : |
16.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL RUBBER INDUSTRIES PRIVATE LIMITED (w.e.f. 13.12.2014) |
|
|
|
|
Formerly Known
As : |
ORIENTAL RUBBER INDUSTRIES LIMITED |
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|
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Registered
Office : |
Shravani Gardens, 20, Viman Nagar, Nagar Road, Pune – 411
014, Maharashtra |
|
Tel. No.: |
91-20-66270800 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
Date of
Incorporation : |
20.01.1949 |
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|
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Com. Reg. No.: |
11-006875 |
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Capital
Investment / Paid-up Capital : |
Rs. 37.275 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199PN1949PTC006875 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEO01206C PNEO00948D PNEO00232B |
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|
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PAN No.: [Permanent Account No.] |
AAACO1592L |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Rubber Products and Conveyor Belts. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (50) |
|
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 : |
Exist |
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Comments : |
Subject was incorporated in 1949, manufacturers rubber conveyor belts
and wear protection products. It is an old and well-established company
having satisfactory track record. For the financial year ended 2014, company has reported healthy
operational performance with stagnant topline growth of 1.62% and it has
maintained profitability margins at 6.01%. Rating takes into account of ORIL’s sound financial risk profile
marked by moderate net worth and debt protection metrics. Moreover, rating also takes into account of company’s diversified
product portfolio with established clientele across industries and healthy
operating efficiencies of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In view of established history of business operations backed by
well-experienced management, the company 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 |
CRISIL |
|
Rating |
Long Term Rating = BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
June 18, 2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
June 18, 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) DEFAILTERS’ 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 DENIED
Management non co-operative (Tel. No.: 91-20-66270800)
LOCATIONS
|
Registered Office : |
Shravani Gardens, 20, Viman Nagar, Nagar Road, Pune – 411
014, Maharashtra, India |
|
Tel. No.: |
91-20-66270800 |
|
Fax No.: |
91-20-26680810/ 26630840 / 66270846 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
4000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Factory 1: |
Gat Nos.519/2, 521/2, 523 and 525, Village Koregaon, Taluka Shirur,
Bhima Nagar Road, District Pune – 412 207, Maharashtra, India |
|
Area : |
9 Acers |
|
Location : |
Owned |
|
|
|
|
Factory 2: |
735, 736, 738 and 1268 Shikrapur, Karandegaon, Chakan, Pune,
Maharashta, India |
|
Area : |
16 Acers |
|
Location : |
Owned |
DIRECTORS
AS ON 29.12.2014
|
Name : |
Vikram Vijeynand Makar |
|
Designation : |
Managing director |
|
Address : |
Cluster 1/8, Kumar City, Kalyani Nagar, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
29.01.1963 |
|
Date of Appointment : |
01/09/1990 |
|
DIN No.: |
00020284 |
|
|
|
|
Name : |
Vishal Vijeynand Makar |
|
Designation : |
Managing director |
|
Address : |
Cluster 1/13 and 14, Kumar City, Kalyani Nagar, Pune – 411014, Maharashtra, India |
|
Date of Birth/Age : |
22.08.1965 |
|
Date of Appointment : |
01/10/1992 |
|
DIN No.: |
00020253 |
|
|
|
|
Name : |
Satish Kotian |
|
Designation : |
Whole-Time Director |
|
Address : |
Flat No. E-1/401 Madhuban Classics, Vishrantwadi, Pune – 411015, Maharashtra, India |
|
Date of Birth/Age : |
28.04.1958 |
|
Date of Appointment : |
13/08/2012 |
|
DIN No.: |
06374939 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.12.2014
|
Names of Shareholders |
|
No. of Shares |
|
Vijeynand Sadanand Makar |
|
5 |
|
Kamlesh Vijeynand
Makar |
|
138485 |
|
Vishal Vijeynand
Makar |
|
1793992 |
|
Vikram Vijeynand
Makar |
|
1793992 |
|
Meetashi
Vishal Makar |
|
500 |
|
Poonam Vikram Makar |
|
500 |
|
Punvick Investments Private Limited, India |
|
25 |
|
Quadrant Trades Private Limited, India |
|
1 |
|
|
|
|
|
Total |
|
3727500 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.12.2014
|
Category |
Percentage |
|
Bodies corporate |
0.01 |
|
Directors or relatives of Directors |
99.99 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rubber Products and Conveyor Belts. |
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|
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Products : |
Not Divulged |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
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Customers : |
Not Divulged
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No. of Employees : |
Information declined by the management |
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Bankers : |
Standard Chartered Bank, 90, M.G. Road, Fort, Mumbai – 400001,
Maharashtra, India |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
M L Deshmukh and Associates Chartered Accountants |
|
Address : |
B555, Narayanpeth, Pune, Maharashtra, India |
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PAN No.: |
ABDPD7455J |
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|
|
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Memberships : |
-- |
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|
|
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 29.12.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3727500 |
Equity Shares |
Rs.10/- each |
Rs. 37.275
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 |
37.275 |
37.275 |
14.910 |
|
(b) Reserves & Surplus |
797.274 |
647.031 |
521.439 |
|
(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) |
834.549 |
684.306 |
536.349 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
84.426 |
105.605 |
138.993 |
|
(b) Deferred tax liabilities (Net) |
40.922 |
40.210 |
38.432 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
6.444 |
3.079 |
2.416 |
|
Total Non-current
Liabilities (3) |
131.792 |
148.894 |
179.841 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1078.175 |
850.773 |
764.709 |
|
(b) Trade
payables |
635.865 |
575.024 |
518.403 |
|
(c) Other
current liabilities |
19.158 |
29.007 |
18.642 |
|
(d) Short-term
provisions |
146.090 |
87.283 |
69.830 |
|
Total Current
Liabilities (4) |
1879.288 |
1542.087 |
1371.584 |
|
|
|
|
|
|
TOTAL |
2845.629 |
2375.287 |
2087.774 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
506.628 |
490.722 |
458.525 |
|
(ii)
Intangible Assets |
0.198 |
0.198 |
0.161 |
|
(iii)
Capital work-in-progress |
46.115 |
33.437 |
41.415 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
129.998 |
20.707 |
8.171 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.475 |
5.173 |
3.076 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
687.414 |
550.237 |
511.348 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
513.388 |
474.506 |
468.683 |
|
(c) Trade
receivables |
1482.675 |
1185.661 |
909.887 |
|
(d) Cash
and cash equivalents |
90.442 |
56.461 |
36.761 |
|
(e)
Short-term loans and advances |
54.870 |
23.540 |
28.516 |
|
(f) Other
current assets |
16.840 |
84.882 |
132.579 |
|
Total Current
Assets |
2158.215 |
1825.050 |
1576.426 |
|
|
|
|
|
|
TOTAL |
2845.629 |
2375.287 |
2087.774 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3298.442 |
3245.600 |
2946.619 |
|
|
|
Other Income |
|
8.204 |
2.688 |
|
|
|
TOTAL |
3298.442 |
3253.804 |
2949.307 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
|
2446.132 |
2257.330 |
|
|
|
Employees benefits expense |
|
107.717 |
87.167 |
|
|
|
Other expenses |
|
257.667 |
214.686 |
|
|
|
TOTAL |
NA |
2811.516 |
2559.183 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
NA |
442.288 |
390.124 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
117.635 |
98.290 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
324.653 |
291.834 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
52.369 |
42.123 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
337.386 |
272.284 |
249.711 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
139.047 |
89.279 |
79.613 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
198.339 |
183.005 |
170.098 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
53.21 |
49.09 |
45.63 |
|
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 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
6.01 |
5.64 |
5.77 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA
|
13.63 |
13.24 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.64 |
11.73 |
12.25 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40 |
0.40 |
0.47 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.39 |
1.40 |
1.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.15 |
1.18 |
1.15 |
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 |
14.910 |
37.275 |
37.275 |
|
Reserves & Surplus |
521.439 |
647.031 |
797.274 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
536.349 |
684.306 |
834.549 |
|
|
|
|
|
|
long-term borrowings |
138.993 |
105.605 |
84.426 |
|
Short term borrowings |
764.709 |
850.773 |
1078.175 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
903.702 |
956.378 |
1162.601 |
|
Debt/Equity
ratio |
1.685 |
1.398 |
1.393 |
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 |
2946.619 |
3245.600 |
3298.442 |
|
|
|
10.147 |
1.628 |
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 |
2946.619 |
3245.600 |
3298.442 |
|
Profit |
170.098 |
183.005 |
198.339 |
|
|
5.77% |
5.64% |
6.01% |
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
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 |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
Yes |
|
33 |
Market information |
------ |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
CASE DETAILS
BENCH:-BOMBAY
|
Lodging No.:- |
ITXAL/2190/2013 |
Filing Date:- |
27/12/2013 |
Reg. No.:- |
ITXA/1057/2014 |
Reg. Date:- |
26/06/2014 |
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX - II, PUNE |
Respondent:- |
ORIENTAL RUBBER INDUSTRIES LIMITED |
|
Petn.Adv.:- |
VIPUL ARUN BAJPAYEE (I4135) |
|
District:- |
MUMBAI |
|
Bench:- |
DIVISION |
||||
|
Status:- |
Pre-Admission |
Category:- |
TAX APPEALS |
|
Next Date:- |
23/06/2015 |
Stage:- |
FOR REJECTION [ORIGINAL SIDE MATTERS] |
|
Coram:- |
ACCORDING TO SITTING LIST |
|
ACCORDING TO SITTING LIST |
|
Last Date:- |
04/04/2014 |
Stage:- |
FOR REJECTION [ORIGINAL SIDE MATTERS] |
|
Last Coram:- |
REGISTRAR(OS)/PROTHONOTARY & SR.
MASTER |
|
Act :- |
Income Tax Act, 1961 |
Under Section:- |
260A |
NOTE: Registered office of the company has been shifted from to the present address w.e.f.
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM BORROWING |
|
|
|
Deferred payment liabilities |
13.854 |
15.843 |
|
Other loans and advances from others |
6.646 |
30.712 |
|
|
|
|
|
Total |
20.500 |
46.555 |
|
|
|
|
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10539159 |
25/11/2014 |
15,000,000.00 |
Corporation Bank |
Corporate Banking Branch, 14, Pune Mumbai Road, Wakdewadi, Pune, Pune, Maharashtra - 411003, INDIA |
C38381380 |
|
2 |
10484057 |
31/01/2014 |
1,200,000.00 |
Corporation Bank |
Corporate Banking
Branch, 14, Pune Mumbai Road, |
C00044495 |
|
3 |
10447083 |
12/08/2013 |
50,000,000.00 |
FirstRand Bank Limited |
TCG Financial
Centre Plot No C 53 G Block, Bandra |
B84042084 |
|
4 |
10046398 |
10/09/2013 * |
2,093,800,000.00 |
Union Bank of India Industrial Finance Branch |
619,Sachapir Street, Camp, Pune, Maharashtra - 411001, INDIA |
B86020500 |
|
5 |
90087900 |
25/06/1995 |
5,000,000.00 |
UNION BANK OF INDIA |
AGA KHAN PALACE BRANCH, PUNE, Maharashtra - 411006, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- 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, India Prisons Service,
Interpol, etc.
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. 64.09 |
|
UK Pound |
1 |
Rs. 99.57 |
|
Euro |
1 |
Rs. 71.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
GYT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
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 |
6 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
50 |
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.