MIRA INFORM REPORT
|
Report No. : |
328859 |
|
Report Date : |
24.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
VIMALACHAL PRINT AND PACK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
5, Saket Industrial Estate, 437, Morajya, Near Changodar, Bawla
National Highway, Taluka Sanad, Ahmedabad – 382213, Gujarat |
|
Tel. No.: |
91-2717-250296 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of Incorporation
: |
16.11.1993 |
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|
|
|
Com. Reg. No.: |
04-020669 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74950GJ1993PTC020669 |
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|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AHMV00249E |
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|
|
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PAN No.: [Permanent Account No.] |
AAACV7000Q |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture, Exporter and Suppliers of Flexible Packaging Materials. |
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|
|
|
No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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Comments : |
Subject is a well-established company having fine track record. The rating reflects company’s healthy operational risk profile marked
by adequate financial base and sound profitability margins of the company. Trade relations are reported as fair. Business is active. Payments are
reported to be regular and as per commitment. The company can be considered good 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.
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 DENIED BY
|
Name : |
Mr. Mimish G. Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9821031981 |
|
Date : |
23.06.2015 |
LOCATIONS
|
Registered Office / Factory 1 : |
5, Saket Industrial Estate, 437, Morajya, Near Changodar, Bawla
National Highway, Taluka Sanad, Ahmedabad - 382213, Gujarat, India |
|
Tel. No.: |
91-2717-250296 / 250686 |
|
Fax No.: |
91-2717-250722/ 2659789 |
|
E-Mail : |
|
|
Website: |
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|
Location : |
Owned |
|
|
|
|
Factory 2 : |
Dholka Factory 206, G.I.D.C Industrial Area, Dholka Baroda State Highway, P.B.
Dholka, Ahmedbad - 387810, Gujarat, India |
|
Tel. No.: |
91-2714-248214/ 248313 |
|
|
|
|
Branch Office 1 : |
1st Floor, Upnishad Complex, Near Shreyas Railway Station,
Ambawasdi, Ahmedabad - 380015, |
|
Tel. No.: |
91-79-26562643/ 26420165 |
|
Fax No.: |
91-79-26407568 |
|
|
|
|
Branch Office 2 : |
A-122, Akruti Industrial Estate, |
|
E-Mail : |
DIRECTORS
As on 25.09.2014
|
Name : |
Mr. Girishbhai Vadilal Shah |
|
Designation : |
Chairman cum Managing Director |
|
Address : |
139, V R Shah Smruti Sixan Mandir, B/H Yogeshwar Nagar Society, Near Dhamidhar Deraser, Vasna, Ahmedabad – 380007, Gujarat, India |
|
Date of Birth/Age : |
27.05.1943 |
|
Date of Appointment : |
16.11.1993 |
|
PAN No.: |
ABJPS3102P |
|
DIN No.: |
00543717 |
|
|
|
|
Name : |
Mr. Harmishbhai Shah Girishkumar |
|
Designation : |
Managing Director |
|
Address : |
139, Shri V R Shah Smruti Sixan Mandir, Yogeshwarnagar Society, Near Dharnidhar, Dearsar, Vasna, Ahmedabad - 380007, Gujarat, India |
|
Date of Birth/Age : |
21.04.1972 |
|
Date of Appointment : |
16.11.1993 |
|
PAN No.: |
ABJPS3098N |
|
DIN No.: |
01396410 |
|
|
|
|
Name : |
Mrs. Hansaben Girishbhai Shah |
|
Designation : |
Director |
|
Address : |
139, Shri V R Shah Smruti Sixan Mandir, Yogeshwarnagar Society, Near Dharnidhar, Dearsar, Vasna, Ahmedabad - 380007, Gujarat, India |
|
Date of Birth/Age : |
19.12.1945 |
|
Date of Appointment : |
16.11.1993 |
|
PAN No.: |
AAJPD7188N |
|
DIN No.: |
00753038 |
|
|
|
|
Name : |
Mrs. Kinnariben Aasit Shah |
|
Designation : |
Director |
|
Address : |
I-4, Jan Vishram Society, Nr. Canara Bank, Ambawadi, Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
24.12.1969 |
|
Date of Appointment : |
16.11.1993 |
|
PAN No.: |
ACLPS2585F |
|
DIN No.: |
00543678 |
|
|
|
|
Name : |
Mrs. Nipa Harmishbhai Shah |
|
Designation : |
Director |
|
Address : |
139, Yogeshwarnagar Society, Vasna, Ahmedabad - 380007, Gujarat, India |
|
Date of Birth/Age : |
29.01.1973 |
|
Date of Appointment : |
01.08.2007 |
|
PAN No.: |
ACKPS0022L |
|
DIN No.: |
01610733 |
|
|
|
|
Name : |
Mr. Mimishbhai Girishkumar Shah |
|
Designation : |
Whole Time Director |
|
Address : |
139, V R Shah Smruti ADA. EDU, B/H Yogeshwar Nagar Society, Near Dharindhar Deraser, Vasna, Ahmedabad – 380007, Gujarat, India |
|
Date of Birth/Age : |
09.02.1974 |
|
Date of Appointment : |
01.05.2008 |
|
PAN No.: |
ACLPS2561F |
|
DIN No.: |
02144054 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
|
Names of Shareholders |
No. of Shares |
|
Girishbhai Vadilal Shah |
159500 |
|
Rashmibhai Vadilal Shah |
19000 |
|
Harmishbhai Girishbhai Shah |
1044800 |
|
Kinnariben Aasitbhai Shah |
500 |
|
Girishbhai Vadilal Shah (HUF) |
155000 |
|
Hansaben Girishbhai Shah |
155000 |
|
Harmishbhai Girishbhai Shah (HUF) |
155000 |
|
Bina Mimish Shah |
155000 |
|
Nipa Harmesh Shah |
155000 |
|
Mimish Girishbhai Shah |
100 |
|
Mimish Girishbhai Shah (HUF) |
100 |
|
Heet Mimishbhai Shah |
100 |
|
Heer Mimishbhai Shah |
100 |
|
Krisha Harmishbhai Shah |
100 |
|
Juhi harmishbhai Shah |
100 |
|
Tanishq Aasitbhai Shah |
100 |
|
|
|
|
Total |
1999500 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture, Exporter and Suppliers of Flexible Packaging Materials. |
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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 : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
The Kalupur Commercial Co-operative Bank Limited, Kalupur Bank Bhavan,
Near Income Tax Circle, Asharam Road, Ahmedabad – 380014, Gujarat, India. |
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Facilities : |
(Rs.
In Million)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Shah Kantilal and Company Chartered Accountant |
|
Address : |
806, Mauryansh Elanza, Near Parekh’s Hospital, Shyamal Cross Road, Satellite,
Ahmedabad - 380015, Gujarat, India |
|
Tel. No. : |
91-79-26753499/ 26750806/ 66633499 |
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Fax No. : |
91-79-26751806 |
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E-Mail : |
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PAN
No. : |
AAMFS3865K |
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|
|
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Memberships : |
-- |
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Collaborators : |
-- |
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|
|
|
Associate : |
Shubhalachal Paper Mfg. and Traders, India |
CAPITAL STRUCTURE
As on 25.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4,000,000 |
Equity Shares |
Rs.10/- each |
Rs. 40.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,999,500 |
Equity Shares |
Rs.10/- each |
Rs. 19.995
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 |
19.995 |
19.995 |
19.995 |
|
(b) Reserves & Surplus |
578.984 |
485.047 |
403.155 |
|
(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) |
598.979 |
505.042 |
423.150 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
61.677 |
|
(b) Deferred tax liabilities (Net) |
12.329 |
13.890 |
12.963 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
3.965 |
3.144 |
2.897 |
|
Total
Non-current Liabilities (3) |
16.294 |
17.034 |
77.537 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
99.591 |
71.664 |
33.128 |
|
(b) Trade payables |
85.798 |
100.389 |
65.935 |
|
(c) Other current liabilities |
10.137 |
33.788 |
2.375 |
|
(d) Short-term provisions |
22.823 |
24.519 |
40.861 |
|
Total
Current Liabilities (4) |
218.349 |
230.360 |
142.299 |
|
|
|
|
|
|
TOTAL |
833.622 |
752.436 |
642.986 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
183.682 |
196.302 |
178.852 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
56.116 |
22.303 |
34.416 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
2.886 |
2.886 |
2.886 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.238 |
4.074 |
3.248 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
246.922 |
225.565 |
219.402 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
204.182 |
205.000 |
134.981 |
|
(c) Trade receivables |
225.485 |
226.153 |
216.980 |
|
(d) Cash and cash equivalents |
111.035 |
36.062 |
13.087 |
|
(e) Short-term loans and
advances |
45.998 |
59.656 |
58.536 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
586.700 |
526.871 |
423.584 |
|
|
|
|
|
|
TOTAL |
833.622 |
752.436 |
642.986 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1575.226 |
1318.821 |
1076.037 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
169.457 |
148.21 |
116.195 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
25.067 |
24.701 |
22.102 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
144.390 |
123.509 |
94.093 |
|
|
|
|
|
|
|
Less |
TAX (H) |
50.454 |
41.617 |
30.043 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
93.936 |
81.892 |
64.050 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
467.220 |
385.328 |
321.278 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
561.156 |
467.220 |
385.328 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
46.98 |
40.96 |
32.03 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
30.703 |
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) |
(%) |
5.96 |
6.21 |
5.95 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
18.64 |
16.98 |
15.53 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.24 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.17 |
0.20 |
0.22 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.69 |
2.29 |
2.98 |
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 |
19.995 |
19.995 |
19.995 |
|
Reserves & Surplus |
403.155 |
485.047 |
578.984 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
423.150 |
505.042 |
598.979 |
|
|
|
|
|
|
long-term borrowings |
61.677 |
0.000 |
0.000 |
|
Short term borrowings |
33.128 |
71.664 |
99.591 |
|
Total
borrowings |
94.805 |
71.664 |
99.591 |
|
Debt/Equity
ratio |
0.224 |
0.142 |
0.166 |
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 |
1076.037 |
1318.821 |
1575.226 |
|
|
|
22.563 |
19.442 |
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 |
1076.037 |
1318.821 |
1575.226 |
|
Profit |
64.050 |
81.892 |
93.936 |
|
|
5.95% |
6.21% |
5.96% |
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 |
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Term loan from others |
1.618 |
8.356 |
|
|
|
|
|
Total |
1.618 |
8.356 |
OPERATIONS:
The company has achieved a Sales Turnover of Rs.1575.216 Million as compared to previous year Rs. 1318.821 Million resulting into an increase by 19.44 %. During the year the Company has earned net profit after tax of Rs. 93.936 Million as compared to previous year Rs. 81.892 Million, which reflects increase of 14 .71%.
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10223837 |
13/04/2012 * |
60,000,000.00 |
THE KALUPUR COMMERCIAL COOPERATIVE BANK LTD |
KALUPUR BANK BHAVAN, NEAR INCONE TAX CIRCLE, ASHRAM ROAD, AHMEDABAD,
Gujarat - 380014, INDIA |
B38942637 |
|
2 |
10223102 |
13/04/2012 * |
160,000,000.00 |
THE KALUPUR COMMERCIAL COOPERATIVE BANK LTD |
KALUPUR BANK BHAVAN, NEAR INCONE TAX CIRCLE, ASHRAM ROAD, AHMEDABAD,
Gujarat - 380014, INDIA |
B38498333 |
|
3 |
90101816 |
16/02/1998 |
1,000,000.00 |
THE KALUPUR COMM. CO. OP. BANK |
KALBA DEVI BRANCH, MUMBAI, Maharashtra, INDIA |
- |
*Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- 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,
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.63.64 |
|
|
1 |
Rs.100.41 |
|
Euro |
1 |
Rs.71.63 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.