MIRA INFORM REPORT
|
Report No. : |
329551 |
|
Report Date : |
29.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
FLINT GROUP INDIA PRIVATE LIMITED (w.e.f. 12.06.2006) |
|
|
|
|
Formerly Known
As : |
INCOWAX PRIVATE LIMITED |
|
|
|
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Registered
Office : |
Plot No.2, Shiv Industrial Infrastructure Park, Nirma Canal Road,
Lamdapura, Taluka Savli, Vadodara – 391 775, Gujarat |
|
Tel. No.: |
91-2667-2662424 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
06.01.1989 |
|
|
|
|
Com. Reg. No.: |
04-079311 |
|
|
|
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Capital
Investment / Paid-up Capital : |
Rs.24.300 million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U02422GJ1989PTC079311 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRI00223G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACI5639L |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is primarily engaged in the business of manufacturing
and trading of Printing Inks. |
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|
|
|
No. of Employees
: |
200 (Approximately) |
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 |
|
Maximum Credit Limit : |
USD 2285000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is a subsidiary of “FlintInk Corporation, USA.” It is an established company having moderate track record. As per Registrar
of Companies the date of balance sheet (i.e. financial filed) is shown as
31.03.2014 but the documents related to financial for the year 2014 are not
available from any sources. As per available financial of 2013, the company has incurred a loss
from its operational activities. However, trade relations are reported as fair. Business is active.
Payment terms 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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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 |
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. Ritesh Shah |
|
Designation : |
Export Manager |
|
Contact No.: |
91-8511170325 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Plot No.2, Shiv Industrial Infrastructure Park, Nirma Canal Road,
Lamdapura, Taluka Savli, Vadodara – 391 775, Gujarat, India |
|
Tel. No.: |
91-2667-2662424/ 25/ 267311 |
|
Mobile No.: |
91-8511170325 (Mr. Ritesh) |
|
Fax No.: |
91-2667-262428 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
8 Acres |
|
Location : |
Owned |
|
|
|
|
Factory 2 : |
SIPCOT Industrial Complex, 66, Hosur – 635 126, Tamilnadu, India |
|
|
|
|
Factory 3 : |
Manjusar, G.I.D.C., Savli, Vadodara, Gujarat, India |
DIRECTORS
AS ON 28.11.2014
|
Name : |
Upal Roy |
|
Designation : |
Managing Director |
|
Address : |
H-52/D, Saket, New Delhi – 110 017, India |
|
Date of Birth/Age : |
30.12.1965 |
|
Date of Appointment : |
30.09.2011 |
|
PAN No.: |
AAHPR2771A |
|
DIN No.: |
05222906
|
|
|
|
|
Name : |
Brenton Andrew Stephen |
|
Designation : |
Director |
|
Address : |
32, Curlew Point, Patterson Lakes, Melbourne, 3197, Australia |
|
Date of Birth/Age : |
20.11.1951 |
|
Date of Appointment : |
30.09.2009 |
|
DIN No.: |
06393526
|
|
|
|
|
Name : |
George Macfarlane Lyle |
|
Designation : |
Director |
|
Address : |
20 JLN 16/6, Seksyne 16, Jaya Selangor, 46530, Malaysia, Jaya Selangor |
|
Date of Birth/Age : |
05.01.1948 |
|
Date of Appointment : |
01.09.2008 |
|
DIN No.: |
06393780
|
|
|
|
|
Name : |
Ronny Saleem Muawad |
|
Designation : |
Additional Director
|
|
Address : |
1341,
Kensington Ave, Grosse Pointe Park, Michigan, 482301103, United States of
America |
|
Date of Appointment : |
04.12.2014 |
|
DIN No.: |
06911666 |
KEY EXECUTIVES
|
Name : |
Mr. Ritesh Shah |
|
Designation : |
Export Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.11.2014
|
Names of Shareholders |
No. of Shares |
|
Flint Group Mauritius Limited, Mauritius |
2429999 |
|
Flint Group Incorporated, Plymouth
|
1 |
|
Total |
2430000 |
Equity Share Break up (Percentage of Total Equity)o
AS ON 28.11.2014
|
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 |
99.99 |
|
Bodies corporate |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is primarily engaged in the business of
manufacturing and trading of Printing Inks. |
|
|
|
|
Products : |
Printing Inks |
|
|
|
|
Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
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Countries : |
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Terms : |
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Selling : |
L/C |
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|
|
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Purchasing : |
Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Manufacturer
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No. of Employees : |
200 (Approximately) |
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Bankers : |
· Corporation Bank, 14-15 First Floor, National Plaza, R. C. Dutt Road, Alkapuri, Vadodara – 390 007, Gujarat, India |
|
Auditors : |
|
|
Name : |
Price Waterhouse Chartered Accountants |
|
Address : |
‘Mittal Tower’, 10th Floor, ‘C’ Wing, 47/6, M G Road,
Bangalore – 560 001, Karnataka, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAEFP3641G |
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|
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Ultimate Holding Company
(As on 31.03.2013): |
Flint Ink Corporation, USA |
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|
|
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Fellow Subsidiaries (As on 31.03.2013): |
· Flint Group Shanghai Management Company Limited Shanghai, China · Flint Group Italia SPA, Italy · Flint Group XSYS Print solutions, Sweden · Flint Ink, North America, USA · Flint Ink Netherland, Gravenzade · Flint Ink Australia Pty Limited, Australia · Day International (UK) Limited, UK · Day International-SDN BHD, Malaysia · Flint Ink (UK) Limited, Ruabon · Flint Ink NZ Limited, Auckland · Flint Group Germany-Stuttgurt, Germany · Flint GroupTintas De Impressao LTDA, Brazil · Arrowhead Hongkong Holding Co., China · Flint M.East LLC, UAE |
CAPITAL STRUCTURE
AS ON 28.11.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2430000 |
Equity Shares |
Rs.10/- each |
Rs.24.300
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 |
24.300 |
24.300 |
24.300 |
|
(b) Reserves & Surplus |
775.310 |
783.609 |
713.142 |
|
(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) |
799.610 |
807.909 |
737.442 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
176.470 |
168.999 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
8.283 |
15.973 |
|
(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) |
176.470 |
177.282 |
15.973 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
768.226 |
367.258 |
250.569 |
|
(c)
Other current liabilities |
60.727 |
28.726 |
12.096 |
|
(d)
Short-term provisions |
3.274 |
32.064 |
21.058 |
|
Total
Current Liabilities (4) |
832.227 |
428.048 |
283.723 |
|
|
|
|
|
|
TOTAL |
1808.307 |
1413.239 |
1037.138 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
641.130 |
207.173 |
207.384 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
24.986 |
136.729 |
27.617 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.070 |
0.070 |
0.070 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
65.118 |
144.080 |
37.541 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
731.304 |
488.052 |
272.612 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
369.769 |
267.926 |
254.844 |
|
(c)
Trade receivables |
545.635 |
470.469 |
409.077 |
|
(d)
Cash and cash equivalents |
42.117 |
120.889 |
33.564 |
|
(e)
Short-term loans and advances |
102.322 |
65.898 |
67.036 |
|
(f)
Other current assets |
17.160 |
0.005 |
0.005 |
|
Total
Current Assets |
1077.003 |
925.187 |
764.526 |
|
|
|
|
|
|
TOTAL |
1808.307 |
1413.239 |
1037.138 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations (Net of Excise) |
2056.589 |
1932.913 |
1571.000 |
|
|
|
Other Income |
0.305 |
0.231 |
NA |
|
|
|
TOTAL |
2056.894 |
1933.144 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
2058.163 |
1783.321 |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
(1.269) |
149.823 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
14.758 |
4.353 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND
AMORTISATION |
(16.027) |
145.470 |
NA |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
36.217 |
18.844 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(52.244) |
126.626 |
167.490 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
(43.945) |
56.159 |
55.336 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(8.299) |
70.467 |
112.154 |
|
|
|
|
|
|
|
|
|
|
FOREIGN EXCHANGE
EARNINGS |
175.900 |
169.430 |
143.210 |
|
|
|
|
|
|
|
|
|
|
Earnings/ (Loss)
Per Share (Rs.) |
(3.42) |
29.00 |
46.15 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2250.000 |
|
|
|
|
|
The above information has been parted by Mr. Ritesh Shah (Export
Manager).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Net
cash flows from (used in) operations |
173.476 |
195.689 |
47.878 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.40)
|
3.65 |
7.14 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
(0.06)
|
7.75 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.93) |
9.92 |
16.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.07) |
0.16 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.22 |
0.21 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29 |
2.16 |
2.69 |
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 |
24.300 |
24.300 |
24.300 |
|
Reserves & Surplus |
713.142 |
783.609 |
775.310 |
|
Net
worth |
737.442 |
807.909 |
799.610 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
168.999 |
176.470 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
0.000 |
168.999 |
176.470 |
|
Debt/Equity
ratio |
0.000 |
0.209 |
0.221 |
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) |
|
Revenue from Operations (Net of Excise) |
1571.000 |
1932.913 |
2056.589 |
|
|
|
23.037 |
6.398 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations (Net of Excise) |
1571.000 |
1932.913 |
2056.589 |
|
Profit |
112.154 |
70.467 |
(8.299) |
|
|
7.14% |
3.65% |
(0.40%) |
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 |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
No |
|
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 four 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 |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE:
The registered office of the company has been
shifted from No.47-D, Bommasandra Industrial Area, Bangalore 560 099,
Karnataka, India to present address w.e.f. 15.03.2014.
REVIEW OF OPERATIONS
(AS ON 31.03.2013):
Their sales during the period had increased by 10.60% from 1932.900 million in last year to 2056.5900 million in current year. Their new packaging ink project Arjun at Lamdapura was commissioned in July 2012 and they have started production there. The increase in prices of raw materials coupled with increase in foreign exchange rates has hit their profitability very badly in the current financial year.
UNSECURED
LOAN
|
Particulars |
31.03.2013 (Rs. in Million) |
31.03.2012 (Rs. in Million) |
|
LONG TERM
BORROWINGS |
|
|
|
Other external commercial borrowings |
176.470 |
168.999 |
|
Total |
176.470 |
168.999 |
INDEX
OF CHARGES:
No Charges Exist for Company
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Equipments
·
Furniture and Fixtures
·
Vehicles
·
Computer Equipments
·
Office Equipments
·
Leasehold Improvements
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.63.60 |
|
UK Pound |
1 |
Rs.100.09 |
|
Euro |
1 |
Rs.71.23 |
INFORMATION DETAILS
|
Information Gathered
by : |
KMN |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--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 |
|
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.