MIRA INFORM REPORT
|
Report No. : |
327922 |
|
Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
KAYAVLON IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
2nd Floor, Vishwakarma Chambers, Majura Gate,
Ring Road, Surat – 395 002 Gujarat |
|
Tel. No.: |
91-261-4070000 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
25.07.2005 |
|
|
|
|
Com. Reg. No.: |
04-046490 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.3.827 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74999GJ2005PTC046490 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTK01845E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCK6284D |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of all
types of Textiles, Fibers and
Agro Products. |
|
|
|
|
No. of Employees
: |
70 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
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 company having moderate track record. The rating is constrained on account of absence of latest financial information
to evaluate risk associated with the subject company along with low
profitability margins during 2013. However, as per previous financial record of 2013 general financial
position of the company seems to be sound.
However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. In view of absence of latest financial information, the company can be
considered for business dealing with some caution. Note: 23 AC document for the year 2014 are not available from any source. |
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 PARTED BY
|
Name : |
Mr. Sandeep Agarwal |
|
Designation : |
Purchase Manager |
|
Contact No.: |
91-261-4070000 |
|
Date : |
18.06.2015 |
LOCATIONS
|
Registered Office : |
2nd Floor, Vishwakarma Chambers, Majura Gate,
Ring Road, Surat – 395 002 Gujarat, India |
|
Tel. No.: |
91-261-4070000 (50 Lines) |
|
Fax No.: |
91-261-4070050 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
3000 sq. ft. |
|
Location : |
Owned |
|
|
|
|
Branch Office 1 : |
1-D, 1st Floor, Thirumalai
Towers, Avinashi Road, Coimbatore – 641 018, Tamilnadu, India |
|
|
|
|
Branch Office 2 : |
Located at: ·
Zirakpur (Punjab) |
|
|
|
|
Warehouse 1 : |
35/43, Bhavani, Chitode, N.H. Road, Opposite Aavin Milk Dairy, Chithode – 638 102, Tamilnadu, India |
|
|
|
|
Warehouse 2 : |
1/102, Sabri Garden, Near Karanampettai, Paruvai Post, Palladam Taluk,
Tiruppur – 641 025, Tamilnadu, India |
|
|
|
|
Warehouse 3 : |
Road No.08, Udhna, Surat – 394 210, Gujarat, India |
|
|
|
|
Sales Office – Overseas : |
Located at: · Zambia |
|
|
|
|
Sales Network : |
Located at: ·
India ·
Eastern Europe ·
Bangladesh ·
Vietnam ·
Pakistan ·
Canada ·
USA ·
Mexico, etc. |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mrs. Deepika Manoj Goel |
|
Designation : |
Director |
|
Address : |
22, Nand Niwas, Near Ashok Nagar, Athwa Line, Surat – 395 007,
Gujarat, India |
|
Date of Birth/Age : |
16.06.1973 |
|
Date of Appointment : |
25.07.2005 |
|
DIN No.: |
01899312 |
|
PAN No.: |
ACOPG1052A |
|
|
|
|
Name : |
Mr. Hem Jauhari Singh |
|
Designation : |
Director |
|
Address : |
Block 302, Flat 2801, Pandesara, Surat – 394 210, Gujarat, India |
|
Date of Birth/Age : |
01.07.1979 |
|
Date of Appointment : |
04.06.2013 |
|
DIN No.: |
06598293 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeep Agarwal |
|
Designation : |
Purchase Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Deepika Manoj Goel |
|
148500 |
|
Balkrishna Runwal |
|
6000 |
|
Jayantibhai Veljibhai Joshi |
|
2000 |
|
Darghabhai Jivabhai Patel |
|
2000 |
|
Visabhai K. Prajapati |
|
2000 |
|
Saheli Synthetics Private Limited, India |
|
20000 |
|
Gopilal |
|
2000 |
|
Rajaram Devchand Trambadia |
|
2000 |
|
Abhishek Diamond, India |
|
2000 |
|
Baldevbhai Paragbhai Joshi |
|
2000 |
|
Bhanjibhai Ganesh Bhethdia |
|
2000 |
|
Anita B. Runwal |
|
2000 |
|
Saheli Vastra Udyog Limited, India |
|
12000 |
|
Tulsisingh B. Rajput |
|
2000 |
|
Babulal Hargovind Shah |
|
4000 |
|
Arvind P. Jain |
|
5000 |
|
Mahendrakumar C. Doshi |
|
5000 |
|
Manoj Omprakash Goel |
|
53800 |
|
Pravina R. Patel |
|
8000 |
|
Avlon Syntex Private Limited, India |
|
33396 |
|
Rahul R. Goel |
|
18000 |
|
Ratan R. Goel |
|
18000 |
|
Sushma R. Goel |
|
22000 |
|
Ragini Goel |
|
9000 |
|
Total |
|
382696 |
AS ON 30.09.2014
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
17.10 |
|
Directors
or relatives of directors |
|
70.36 |
|
Other
top fifty shareholders |
|
12.54 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Exporter and Importer of all
types of Textiles, Fibers and
Agro Products. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
|
|
Products : |
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|
Countries : |
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|
|
|
|
Imports : |
|
|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit and Others |
|
|
|
|
Purchasing : |
Cash, Credit and Others |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
|
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No. of Employees : |
70 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
Indian Overseas Bank, Surat, Gujarat, India |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rakesh Shah and Company Chartered Accountants |
|
Address : |
U-14, Jeevan Deep, Opposite J.K. Tower, Ring Road, Surat – 395 002,
Gujarat, India |
|
Tel. No.: |
91-261-2350156 |
|
Mobile No.: |
91-9824109331 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AHPPS8084A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates (As on 31.03.2013) : |
|
CAPITAL STRUCTURE
AS ON 30.09.2014
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 |
|
382696 |
Equity Shares |
Rs.10/- each |
Rs.3.827
million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
3.827 |
3.827 |
3.827 |
|
(b) Reserves & Surplus |
32.461 |
27.564 |
25.413 |
|
(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) |
36.288 |
31.391 |
29.240 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a)
Long-term borrowings |
2.053 |
3.885 |
0.918 |
|
(b) Deferred tax
liabilities (Net) |
0.047 |
0.316 |
0.368 |
|
(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) |
2.100 |
4.201 |
1.286 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
2.009 |
2.494 |
5.671 |
|
(b)
Trade payables |
66.077 |
163.144 |
126.934 |
|
(c)
Other current liabilities |
209.999 |
61.709 |
1.342 |
|
(d)
Short-term provisions |
5.980 |
2.897 |
3.757 |
|
Total
Current Liabilities (4) |
284.065 |
230.244 |
137.704 |
|
|
|
|
|
|
TOTAL |
322.453 |
265.836 |
168.230 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
11.662 |
11.693 |
5.202 |
|
(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 |
5.983 |
4.992 |
8.875 |
|
(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 |
17.645 |
16.685 |
14.077 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
50.713 |
44.091 |
54.694 |
|
(c)
Trade receivables |
152.428 |
143.941 |
82.227 |
|
(d)
Cash and cash equivalents |
29.563 |
45.251 |
6.760 |
|
(e)
Short-term loans and advances |
72.104 |
15.868 |
10.472 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
304.808 |
249.151 |
154.153 |
|
|
|
|
|
|
TOTAL |
322.453 |
265.836 |
168.230 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1487.261 |
772.961 |
574.550 |
|
|
|
Other Income |
24.375 |
9.736 |
4.429 |
|
|
|
TOTAL (A) |
1511.636 |
782.697 |
578.979 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
1439.061 |
723.231 |
459.491 |
|
|
|
Changes in inventories of finished goods work in progress and
stock-in-trade |
(6.622) |
10.603 |
(34.331) |
|
|
|
Employee benefit expenses |
10.218 |
8.083 |
7.238 |
|
|
|
Other expenses |
56.695 |
34.070 |
134.673 |
|
|
|
TOTAL (B) |
1499.352 |
775.987 |
567.071 |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
12.284 |
6.710 |
11.908 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
1.792 |
0.941 |
4.254 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
10.492 |
5.769 |
7.654 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.488 |
2.620 |
1.230 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
7.004 |
3.149 |
6.424 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.107 |
0.998 |
1.994 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
4.897 |
2.151 |
4.430 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
12.80 |
5.63 |
11.58 |
|
|
Particulars |
|
31.03.2015 |
31.03.2014 |
|
Sales Turnover (Approximately) |
|
1700.000 |
1510.000 |
|
|
|
|
|
Expected Sales (2015-2016): Rs.2000.000 million
The above information has been parted by Mr. Sandeep Agarwal (Purchase Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
0.802 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.33 |
0.28 |
0.77 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.83 |
0.87 |
2.07 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.21 |
1.21 |
4.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.10 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.11 |
0.20 |
0.25 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.07 |
1.08 |
1.12 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
3.827 |
3.827 |
3.827 |
|
Reserves & Surplus |
25.413 |
27.564 |
32.461 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
29.240 |
31.391 |
36.288 |
|
|
|
|
|
|
Long-term borrowings |
0.918 |
3.885 |
2.053 |
|
Short term borrowings |
5.671 |
2.494 |
2.009 |
|
Current maturities of long-term debts |
0.802 |
0.000 |
0.000 |
|
Total borrowings |
7.391 |
6.379 |
4.062 |
|
Debt/Equity ratio |
0.253 |
0.203 |
0.112 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
574.550 |
772.961 |
1487.261 |
|
|
|
34.533 |
92.411 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
574.550 |
772.961 |
1487.261 |
|
Profit |
4.430 |
2.151 |
4.897 |
|
|
0.77% |
0.28% |
0.33% |
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 |
Yes |
|
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 |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
No |
|
26 |
Turnover of firm for last five years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
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
|
Particulars |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
SHORT-TERM
BORROWINGS |
|
|
|
Other loans and advances |
2.009 |
2.467 |
|
Total
|
2.009 |
2.467 |
INDEX
OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10439472 |
01/07/2013 |
50,000,000.00 |
UCO BANK |
MID CORPORATE BRANCH, 2ND FLOOR, RIDHI SHOPPERS, OPPOSITE STAR BAZZAR, PAL HAZIRA ROAD, ADAJAN, SURAT, GUJARAT - 395009, INDIA |
B80603202 |
FIXED ASSETS:
· Plant and Equipments
· Furniture and Fixtures
· Vehicles
· Office Equipments
· Computer
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.63.82 |
|
UK Pound |
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
32 |
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.