MIRA INFORM REPORT
|
Report No. : |
328110 |
|
Report Date : |
20.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
MASCOT UNIVERSAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
317, Shah and Nahar Industrial Premises Co-operative Society Limited, Off. Dr. E. Moses Road, Worli, Mumbai – 400 018, Maharashtra |
|
Tel. No.: |
91-22-40640333 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
19.06.2009 |
|
|
|
|
Com. Reg. No.: |
11-193441 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.30.350
million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900MH2009PTC193441 |
|
|
|
|
IEC No.: |
0309066395 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCM1199M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is an Importer, Exporter and Trader in Chemicals for Cosmetics
and Pharmaceuticals and Home Care Products. Subject also undertake Research
and Development Activities and Formulation of Products. |
|
|
|
|
No. of Employees
: |
Information declined by the Management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established private limited company incorporated in the
year 2009, having moderate track. Subject is engaged in trading of chemicals. Rating takes into consideration the moderate financial risk profile
marked by leveraged balance sheet and low profitability. However, trade relations are fair. Business is active. Payment terms
are 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.
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 DECLINED BY
|
Name : |
Mr. Dipesh |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-22-40640333 |
|
Date : |
18.06.2015 |
LOCATIONS
|
Registered Office/ Corporate Office: |
317, Shah and Nahar Industrial Premises Co-operative Society Limited, Off. Dr. E. Moses Road, Worli, Mumbai – 400 018, Maharashtra, India |
|
Tel. No.: |
91-22-40640333/ 40640344 |
|
Fax No.: |
91-22-40640311 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Formulations Laboratory 1 - Personal Care: |
306, Shah and Nahar Industrial Premises, Off. Dr. E. Moses Road, Worli,
Mumbai – 400 018, Maharashtra, India |
|
|
|
|
Formulations Laboratory 2 - Health Care: |
214, Shah and Nahar Industrial Premises, Off. Dr. E.
Moses Road, Worli, Mumbai – 400 018, Maharashtra, India |
|
|
|
|
Formulations Laboratory 3: |
Unit # 1103, 'A' Wing, Mittal Towers, M.G
Road, Bangalore – 560 001, Karnataka, India |
|
Tel. No.: |
|
|
|
|
|
Formulations Laboratory 4/ Branch Office 1: |
A-42, Street #9, Road No.4, Mahipalpur Extension, New
Delhi – 110 037, India |
|
Tel. No.: |
|
|
Fax No.: |
91-11-41096310 |
|
|
|
|
Formulations Laboratory 5 - Pilot Plant and Quality Control: |
204, Shah and Nahar Ind. Premises, Off Dr. E Moses Road, Worli, Mumbai
– 400 018, Maharashtra, India |
|
Tel. No.: |
91-22-40640333 |
|
|
|
|
Branch Office 2: |
Unit #1117/1118/1119, 'A' Wing, Mittal Towers, M.G Road,
Bangalore – 560 001, Karnataka, India |
|
Tel. No.: |
|
|
Fax No.: |
91-80-41610897 |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Manmohan Lalchand Lalvani |
|
Designation : |
Director |
|
Address : |
61, Peacock Palace, 69, Bhulabhai Desai Road, Mumbai – 400 026,
Maharashtra, India |
|
Date of Birth/Age : |
23.05.1942 |
|
Date of Appointment : |
19.06.2009 |
|
DIN No.: |
00725559 |
|
|
|
|
Name : |
Mr. Mohit Manmohan Lalvani |
|
Designation : |
Director |
|
Address : |
61, Peacock Palace, 69, Bhulabhai Desai Road, Mumbai – 400 026,
Maharashtra, India |
|
Date of Birth/Age : |
13.01.1968 |
|
Date of Appointment : |
19.06.2009 |
|
DIN No.: |
01642051 |
|
|
|
|
Name : |
Mrs. Mumtaz Mohit Lalvani |
|
Designation : |
Additional Director |
|
Address : |
61, Peacock Palace, 69, Bhulabhai Desai Road, Mumbai – 400 026,
Maharashtra, India |
|
Date of Birth/Age : |
30.09.1972 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
06374456 |
KEY EXECUTIVES
|
Name : |
Mr. Dipesh |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Manmohan Lalchand Lalvani |
1465000 |
48.27 |
|
Mohit Manmohan Lalvani |
1465000 |
48.27 |
|
Mumtaz Mohit Lalvani |
105000 |
3.46 |
|
Total |
3035000 |
100.00 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is an Importer, Exporter and Trader in Chemicals for Cosmetics
and Pharmaceuticals and Home Care Products. Subject also undertake Research
and Development Activities and Formulation of Products. |
|
|
|
|
Products : |
Chemicals |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Not Divulged |
|
|
|
|
Purchasing : |
Not Divulged |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Customers : |
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
No. of Employees : |
Information declined by the management
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
· Citibank N.A, Trent House, 2nd Floor, G. Block, Plot No.C60, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra, India ·
ICICI Bank Limited, Landmark Race Cource Circle,
Alkapuri, Vadodara – 390 015, Gujarat, India
|
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
C.K. Patil and Company Chartered Accountants |
|
Address : |
B-6, Suyog Society, Plot No.24-25, Road No.1, Sion (East), Mumbai –
400 022, Maharashtra, India |
|
Tel. No.: |
91-22-25260434/ 24073866 |
|
Mobile No.: |
91-9820141136 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAPP8109K |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Company in which KMP/ Relatives of KMP can exercise significant
influence : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
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 |
|
3035000 |
Equity Shares |
Rs.10/- each |
Rs.30.350
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 |
30.350 |
30.350 |
0.100 |
|
(b) Reserves & Surplus |
47.965 |
40.800 |
9.055 |
|
(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) |
78.315 |
71.150 |
9.155 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
83.476 |
79.905 |
83.913 |
|
(b) Deferred tax liabilities (Net) |
1.670 |
1.474 |
0.856 |
|
(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) |
85.146 |
81.379 |
84.769 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
188.626 |
110.186 |
14.428 |
|
(b) Trade payables |
114.606 |
82.013 |
171.471 |
|
(c) Other current liabilities |
22.491 |
12.281 |
14.345 |
|
(d) Short-term provisions |
22.094 |
18.559 |
3.230 |
|
Total Current Liabilities (4) |
347.817 |
223.039 |
203.474 |
|
|
|
|
|
|
TOTAL |
511.278 |
375.568 |
297.398 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
91.476 |
86.503 |
93.142 |
|
(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 |
23.229 |
12.606 |
2.200 |
|
(e) Other Non-current assets |
0.266 |
0.145 |
0.067 |
|
Total Non-Current Assets |
114.971 |
99.254 |
95.409 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
171.220 |
84.892 |
66.599 |
|
(c) Trade receivables |
184.377 |
145.308 |
107.326 |
|
(d) Cash and cash equivalents |
17.788 |
8.917 |
12.421 |
|
(e) Short-term loans and advances |
22.922 |
37.197 |
15.643 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
396.307 |
276.314 |
201.989 |
|
|
|
|
|
|
TOTAL |
511.278 |
375.568 |
297.398 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
|
|
|
Revenue from operations |
984.906 |
898.421 |
510.681 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
984.906 |
898.421 |
510.681 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
974.011 |
850.728 |
495.192 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
10.895 |
47.693 |
15.489 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.730 |
15.948 |
4.086 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
7.165 |
31.745 |
11.403 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export of goods calculated on FOB basis |
24.856 |
5.010 |
1.262 |
|
|
TOTAL EARNINGS |
24.856 |
5.010 |
1.262 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
203.150 |
119.179 |
28.375 |
|
|
TOTAL IMPORTS |
203.150 |
119.179 |
147.554 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
2.36 |
10.46 |
1140.34 |
|
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 / Total Income) |
(%) |
0.73 |
3.53 |
2.23 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.13 |
12.70 |
5.21 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.14 |
0.67 |
1.69 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.47 |
2.67 |
10.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.14 |
1.24 |
0.99 |
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 |
0.100 |
30.350 |
30.350 |
|
Reserves & Surplus |
9.055 |
40.800 |
47.965 |
|
Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
9.155 |
71.150 |
78.315 |
|
|
|
|
|
|
Long-term borrowings |
83.913 |
79.905 |
83.476 |
|
Short term borrowings |
14.428 |
110.186 |
188.626 |
|
Total borrowings |
98.341 |
190.091 |
272.102 |
|
Debt/Equity ratio |
10.742 |
2.672 |
3.474 |
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) |
|
Total Income |
510.681 |
898.421 |
984.906 |
|
|
|
75.926 |
9.626 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Total Income |
510.681 |
898.421 |
984.906 |
|
Profit |
11.403 |
31.745 |
7.165 |
|
|
2.23% |
3.53% |
0.73% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered office of the company has been shifted from
58, World Trade Centre Arcade, Cuffe Parade, Mumbai – 400 005, Maharashtra,
India to
present address w.e.f. 17.01.2012.
FINANCIAL OPERATIONS:
The company has recorded revenue
from operations including other income of Rs.984.900 million as against
Rs.898.400 million in the previous year and has earned the much lower net
profits after tax of Rs.7.165 million as against the net profits of Rs.31.745
million in the previous year. The Directors are hopeful of recovering and
perform much better results in the current year.
UNSECURED LOAN
|
Particulars |
31.03.2014 (Rs. in Million) |
31.03.2013 (Rs. in Million) |
|
LONG TERM BORROWINGS |
|
|
|
From NBFC and
Banks |
11.566 |
2.632 |
|
Loans and
advances from related parties |
15.452 |
18.687 |
|
Total |
27.018 |
21.319 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10534882 |
08/12/2014 * |
300,300,000.00 |
ING VYSYA BANK LIMITED |
GROUND FLOOR, KAKAD
CHAMBERS, UNIT 1 AND 2, 132, DR. A.B. ROAD, WORLI, MUMBAI, MAHARASHTRA -
400018, INDIA |
C39614896 |
* Date of charge modification
FIXED ASSETS:
· Buildings
· Furniture and Fixtures
· Office Equipment
· Computer
· Motor Car
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 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.63.82 |
|
UK Pound |
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Information Gathered
by : |
GYT |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
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 |
|
31 |
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.