MIRA INFORM REPORT
|
Report No. : |
309979 |
|
Report Date : |
03.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
PARASON MACHINERY (INDIA) PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Anukrupa, 28, Venkatesh Nagar, Jalna Road, Aurangabad - 431001 Maharashtra |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.03.1991 |
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|
|
|
Com. Reg. No.: |
11-060587 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 72.790 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29290MH1991PTC060587 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NSKP02123C |
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|
|
|
PAN No.: [Permanent Account No.] |
AABCP5078K |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in the manufacturing of Machineries and Spares for
Pulp and Paper mills. |
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|
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 850000 |
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|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company under the umbrella of “Desarda
Group”. It is an established company having satisfactory track. The company possesses an average financial profile marked by conservative
capital structure and healthy debt coverage indicators. Management has reported an acceptable profitability levels in the
business and susceptibility of the same to fluctuations in exchange rates as
well as raw material prices. The ratings also take into consideration having the regular equity
infusion by the promoter group over the years has helped keep a check on
reliance on external sources of funding. Trade relations are fair. Business is active. Payment terms are
reported as usually correct. In view of established position and long experience of the promoters
the subject 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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
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 |
ICRA |
|
Rating |
Long term fund based: “BBB-“ |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
February 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term fund based: “A3“ |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
February 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) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2014.
LOCATIONS
|
Registered Office/ Corporate Office : |
Anukrupa, 28, Venkatesh Nagar, Jalna Road, Aurangabad - 431001 Maharashtra, India |
|
Tel. No.: |
91-240-6644444/ 2339234-37 |
|
Fax No.: |
91-240-2332944 |
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E-Mail : |
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|
Website : |
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Factory: |
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|
(Unit – I): |
85, MIDC Industrial Area, Chikalthana, Aurangabad – 431210, Maharashtra, India |
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|
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Unit –II (R and D
Centre): |
EL-39, MIDC Industrial Area, Chikalthana, Aurangabad – 431210, Maharashtra, India |
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Unit – III: |
EL-39, MIDC Industrial Area, Chikalthana, Aurangabad – 431210, Maharashtra, India |
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Unit IV: |
EL-41, MIDC Industrial Area, Chikalthana, Aurangabad – 431210, Maharashtra, India |
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Unit V: |
57/2, 58,59 MIDC Industrial Area, Chikalthana, Aurangabad – 431210, Maharashtra, India |
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Branch Office : |
Located at :
|
DIRECTORS
As on: 09.06.2014
|
Name : |
Dr. Champalal Phulchand Desarda |
|
Designation : |
Director |
|
Address : |
Paras 32, Vidyaniketan Colony, Aurangabad – 431001, Maharashtra, India
|
|
Date of Birth/Age : |
07.06.1939 |
|
Date of Appointment : |
27.09.1996 |
|
PAN No.: |
ACCPD2443G |
|
Voter ID No.: |
MT/39/193/0948151 |
|
DIN No.: |
00526969 |
|
|
|
|
Name : |
Mr. Shekhar Champalal Dessarda |
|
Designation : |
Director |
|
Address : |
Paras 32, Vidyaniketan Colony, Aurangabad – 431001, Maharashtra, India
|
|
Date of Birth/Age : |
06.03.1965 |
|
Date of Appointment : |
04.03.1991 |
|
PAN No.: |
ADUPD1209M |
|
Voter ID No.: |
MT/39/193/0948152 |
|
DIN No.: |
00527675 |
|
|
|
|
Name : |
Mrs. Shilpa Amitkumar Dugar |
|
Designation : |
Director |
|
Address : |
C001, Deffodil, Rajeha Enclave, Coimbatore – 641018, Tamilnadu, India |
|
Date of Birth/Age : |
31.01.1974 |
|
Date of Appointment : |
25.08.1994 |
|
Voter ID No.: |
MT/39/139/0948173 |
|
DIN No.: |
00317971 |
|
|
|
|
Name : |
Mrs. Prabha Champalal Dessarda |
|
Designation : |
Director |
|
Address : |
Paras 32, Vidyaniketan Colony, Aurangabad – 431001, Maharashtra, India
|
|
Date of Birth/Age : |
16.05.1945 |
|
Date of Appointment : |
04.03.1991 |
|
PAN No.: |
ADYPD1112F |
|
Voter ID No.: |
MT/39/193/0948150 |
|
DIN No.: |
00527075 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 31.03.2014
|
Names of Shareholders |
|
No. of Shares |
|
S C Desarda |
|
2113675 |
|
C P Desarda |
|
2460250 |
|
Sunita Desarda |
|
774250 |
|
Sunmoon Sleeves Private Limited |
|
920160 |
|
Mrs. P C Desarda |
|
460125 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the manufacturing of Machineries and Spares for
Pulp and Paper mills. |
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|
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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 Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
Union Bank of India, Aurangabad Main Branch, 11, Krupa, Jijamata Colony, Paithan Gate, Aurangabad - 431001, Maharashtra, India |
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Facilities : |
Note: Secured by hypothecation of stock of raw materials, semi-finished
goods, stock and Spares and pledge of book debts and receivables pertaining to
exports. Above Loans are also guaranteed by Directors of the company. Dr. C.P.
Dessarda, Mr. Shekhar Dessarda, Mrs. Prabha Dessarda. |
|
Auditors : |
|
|
Name : |
Khandelwal Jain and company Chartered Accountants |
|
Address : |
1st Floor, City Pride Building, Near Monda Naka Signal, Jalna Road, Aurangabad, Maharashtra, India |
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Tel No.: |
91-240-2331967/2354844/2353372 |
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Fax No.: |
91-240-2331967/2354844/2353372 |
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PAN No.: |
AAAFK0985C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
Firms and Companies where key Management Personal/Their relative
exercise Significance Influence : |
|
CAPITAL STRUCTURE
As on 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7279035 |
Equity Shares |
Rs.10/- each |
Rs. 72.790 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 |
72.790 |
62.821 |
54.700 |
|
(b) Reserves & Surplus |
224.742 |
141.000 |
83.091 |
|
(c) Money received against
share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
0.000 |
0.000 |
20.340 |
|
Total
Shareholders’ Funds (1) + (2) |
297.532 |
203.821 |
158.131 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
41.332 |
2.730 |
37.472 |
|
(b) Deferred tax liabilities
(Net) |
12.650 |
12.073 |
11.808 |
|
(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) |
53.982 |
14.803 |
49.280 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
1.026 |
1.666 |
0.012 |
|
(b) Trade payables |
125.751 |
168.783 |
126.817 |
|
(c) Other current liabilities |
34.040 |
1.443 |
1.606 |
|
(d) Short-term provisions |
34.026 |
22.850 |
14.100 |
|
Total
Current Liabilities (4) |
194.843 |
194.742 |
142.535 |
|
|
|
|
|
|
TOTAL |
546.357 |
413.366 |
349.946 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
135.480 |
89.378 |
86.183 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
2.303 |
1.402 |
0.648 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
3.361 |
3.361 |
0.862 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.456 |
1.530 |
1.421 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
142.600 |
95.671 |
89.114 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
177.293 |
151.438 |
113.897 |
|
(c) Trade receivables |
95.830 |
99.738 |
60.232 |
|
(d) Cash and cash equivalents |
63.117 |
14.990 |
40.208 |
|
(e) Short-term loans and
advances |
63.961 |
48.107 |
41.417 |
|
(f) Other current assets |
3.556 |
3.422 |
5.078 |
|
Total
Current Assets |
403.757 |
317.695 |
260.832 |
|
|
|
|
|
|
TOTAL |
546.357 |
413.366 |
349.946 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
780.050 |
657.615 |
699.542 |
|
|
|
Other Income |
23.764 |
12.837 |
NA |
|
|
|
TOTAL |
803.814 |
670.452 |
NA |
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
372.196 |
|
|
|
|
|
Changes in inventories of finished
goods, work-in-progress and Stock-in-Trade |
(5.773) |
(17.194) |
|
|
|
|
Employees benefits expense |
35.674 |
37.527 |
|
|
|
|
Other expenses |
316.704 |
220.372 |
|
|
|
|
TOTAL
(B) |
718.801 |
592.233 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (C) |
85.013 |
78.219 |
NA |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
0.308 |
0.686 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
84.705 |
77.533 |
63.493 |
|
|
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/ AMORTISATION (F) |
7.645 |
6.248 |
5.873 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
77.060 |
71.285 |
57.620 |
|
|
|
|
|
|
|
|
|
|
TAX
(I) |
16.008 |
25.558 |
19.944 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
61.052 |
45.727 |
37.676 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
413.616 |
289.155 |
258.644 |
|
|
TOTAL EARNINGS |
NA |
289.155 |
258.644 |
|
|
|
|
|
|
|
|
|
|
IMPORT |
|
|
|
|
|
|
CIF Basis |
32.616 |
0.000 |
0.000 |
|
|
|
TOTAL IMPORT |
32.616 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.39 |
7.28 |
6.88 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
7.83 |
6.95 |
5.39 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
10.90 |
11.89 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
14.25 |
17.45 |
16.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26 |
0.35 |
0.36 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.14 |
0.02 |
0.24 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.07 |
1.63 |
1.83 |
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 |
54.700 |
62.822 |
72.790 |
|
Reserves & Surplus |
83.091 |
141.000 |
224.742 |
|
Share
Application money pending allotment |
20.340 |
0.000 |
0.000 |
|
Net worth |
158.131 |
203.822 |
297.532 |
|
|
|
|
|
|
long-term borrowings |
37.472 |
2.730 |
41.332 |
|
Short term borrowings |
0.012 |
1.666 |
1.026 |
|
Total borrowings |
37.484 |
4.396 |
42.358 |
|
Debt/Equity ratio |
0.237 |
0.022 |
0.142 |
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) |
|
Revenue from Operations |
699.542 |
657.615 |
780.050 |
|
|
|
(5.993) |
18.618 |
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
(Rs. In Million) |
|
Revenue from Operations |
699.542 |
657.615 |
780.050 |
|
Profit |
37.676 |
45.727 |
61.052 |
|
|
5.39% |
6.95% |
7.83% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact
person |
No |
|
11] |
Turnover of firm for last
three years |
Yes |
|
12] |
Profitability for last
three years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
20] |
Export / Import details
(if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm
/ promoter involved in |
-- |
|
23] |
Banking Details |
Yes |
|
24] |
Banking facility details |
Yes |
|
25] |
Conduct of the banking
account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if
applicable |
Yes |
|
29] |
Last accounts filed at
ROC |
Yes |
|
30] |
Major Shareholders, if
available |
Yes |
|
31] |
Date of Birth of
Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN of Proprietor/Partner/Director,
if available |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
Yes |
|
34] |
External Agency Rating,
if available |
Yes |
OPERATIONS:
During the year turnover of the company is increased to Rs. 780.050 Million
is cooperated to Rs. 657.615 Million during previous year. The export sales of
the company have increased to Rs. 416.616 Million as compared to of Rs. 281.956
Million during previous year.
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
S.S. Utensils Manufacturing Company Private Limited. |
0.000 |
0.003 |
|
|
|
|
|
Total |
0.000 |
0.003 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10106230 |
15/06/2013 * |
126,700,000.00 |
UNION BANK OF INDIA |
Aurangabad Main Branch, 11, Krupa,, Jijamata Colony, Paithan
Gate, Aurangabad, Maharashtra - 43100 |
B79389482 |
|
2 |
90364644 |
29/10/2003 |
13,500,000.00 |
UNION BANK OF INDIA |
Aurangabad Branch, Aurangabad, Maharashtra, India |
- |
|
3 |
90365443 |
27/02/2002 |
4,000,000.00 |
UNION BANK OF INDIA |
Aurangabad Branch, Aurangabad, Maharashtra, India |
- |
|
4 |
90364525 |
30/08/2001 |
3,000,000.00 |
UNION BANK OF INDIA |
Aurangabad Branch, Aurangabad, Maharashtra, India |
- |
|
5 |
90361642 |
28/04/2000 |
16,841,000.00 |
UNION BANK OF INDIA |
Aurangabad Branch, Aurangabad, Maharashtra, India |
- |
|
6 |
90364410 |
29/04/2000 * |
2,000,000.00 |
UNION BANK OF INDIA |
Aurangabad Branch, Aurangabad, Maharashtra, India |
- |
|
7 |
90365389 |
28/02/2001 * |
2,000,000.00 |
UNION BANK OF INDIA |
Aurangabad Branch, Aurangabad, Maharashtra, India |
- |
CONTINGEGENT LIABILITY:
|
Particular |
(Rs. in Million)
|
|
Bank Guarantees outstanding |
37.327 |
|
TOTAL |
37.327 |
FIXED ASSETS:
- Leasehold Land
- Freehold Land
- Factory Building
- Building R and D
- Plant and Machinery
- Factory Equipment
- Office Equipment
- Electrical Installment
- Furniture and Fixture
- Patterns
- Vehicles
- Computer and Printers
- Residential Building
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 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.61.82 |
|
|
1 |
Rs.95.27 |
|
Euro |
1 |
Rs.69.14 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
MTN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
47 |
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.