MIRA INFORM REPORT
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Report No. : |
310331 |
|
Report Date : |
11.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
COLOURS INTERNATIONAL LIMITED |
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Registered
Office : |
233, Sanjay Building
No. 5B, Mittal Industrial Estate, Andheri Kurla Road, Andheri (East), Mumbai
- 400059, Maharashtra |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
06.03.1996 |
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Com. Reg. No.: |
11-097898 |
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Capital
Investment / Paid-up Capital : |
Rs. 87.480 Million |
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CIN No.: [Company Identification
No.] |
U18100MH1996PLC097898 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
AABCC6900D |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Trader and Dealer of yarn and Fabrics. |
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|
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No. of Employees
: |
10 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 320000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The rating is constrained on account of the company’s moderate
operational risk profile and continuous declining in sales turnover of the
company over a year. However, trade relations are fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealing with some caution. Note: As claimed by
Mr. Sanjay Singh, Finance head that due to unavailability of good quality raw
material from supplier company sales turnover was affected. |
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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term, fund based limits (Suspended) B |
|
Rating Explanation |
Risk-prone-credit-quality and carries very
high credit risk. |
|
Date |
June 2013 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term, fund based limits (Suspended) A4 |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
June 2013 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Sanjay Singh |
|
Designation : |
Finance head |
|
Contact No.: |
91-9819803220 |
|
Date : |
05.03.2015 |
LOCATIONS
|
Registered Office : |
233, Sanjay
Building No. 5B, Mittal Industrial Estate, Andheri Kurla Road, Andheri
(East), Mumbai - 400059, Maharashtra, India |
|
Tel. No.: |
91-22-40600400 |
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Mobile No.: |
91-9819803220 (Mr. Snajay Singh) |
|
Fax No.: |
Not Available |
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E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Santosh Gourishanker Jhunjhunwala |
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|
Designation : |
Director |
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|
Address : |
232, Sanjay Building
No. 5B, Mittal Industrial Estate, Andheri Kurla Road, Andheri (East), Mumbai
- 400059, Maharashtra, India |
||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1953 |
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Date of Appointment : |
27.07.2000 |
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DIN No.: |
00214947 |
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Other
directorship :
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Name : |
Mr. Prahladkumar Gourishankar Jhunjhunwala |
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Designation : |
Director |
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|
Address : |
233, Sanjay
Building No. 5B, Mittal Industrial Estate, Andheri Kurla Road, Andheri
(East), Mumbai - 400059, Maharashtra, India |
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|
Date of Birth/Age : |
15.06.1951 |
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Date of Appointment : |
28.09.2001 |
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DIN No.: |
00215018 |
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Other
directorship :
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Name : |
Mr. Rohit Sohanlal Chandgothia |
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Designation : |
Director |
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Address : |
A/703, Shikhar Kunj, Upper Govind Nagar, Malad (East), Mumbai-400097, Maharashtra,
India |
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Date of Birth/Age : |
09.04.1971 |
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Date of Appointment : |
27.06.2002 |
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DIN No.: |
00215059 |
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Other
directorship :
|
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Name : |
Mr. Vicky Prahladkumar Jhunjhunwala |
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Designation : |
Director |
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|
Address : |
232, Sanjay
Building No. 5B, Mittal Industrial Estate, Andheri Kurla Road, Andheri
(East), Mumbai - 400059, Maharashtra, India |
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|
Date of Birth/Age : |
17.04.1978 |
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Date of Appointment : |
01.12.2012 |
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DIN No.: |
00194659 |
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Other
directorship :
|
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KEY EXECUTIVES
|
Name : |
Mr. Sanjay Singh |
|
Designation : |
Finance head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Santosh Gourishankar Jhunjhunwala |
81010 |
|
Prahladkumar Gourishankar Jhunjhunwala |
61000 |
|
Rajni P Jhunjhunwala |
1250000 |
|
Nita S. Jhunjhunwala |
1260500 |
|
Sohanlal Chandgothia |
10 |
|
Lalita Devi Chandgothia |
10 |
|
Rohit S. Chandgothia |
7010 |
|
Rahul Banka |
28500 |
|
Kamal Agarwal |
10000 |
|
Anju Singh |
5000 |
|
Sushila Banka |
20000 |
|
Bhagwati Prasad Banka |
175000 |
|
Santoshkumar Jhunjhunwala |
1450000 |
|
Prahaladkumar Jhunjhunwala (HUF) |
1450000 |
|
Vicky P. Jhunjhunwala (HUF) |
1450000 |
|
Miti Vicky Jhunjhunwala |
1500000 |
|
Total |
8748040 |
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
97.27 |
|
Directors or relatives of Directors |
2.73 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and Dealing in Yarn and Fabrics |
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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 : |
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Products : |
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Countries : |
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Imports : |
Not Available |
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Terms : |
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Selling : |
Cheque, Cash and Credit |
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Purchasing : |
Cheque, Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
Wholesalers, Retailers and End Users
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No. of Employees : |
10 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
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Auditors : |
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|
Name : |
Banka and Banka Chartered Accountants |
|
Address : |
3rd Floor, Shah Trade Centre, Rani Sati Marg, Off Western Express
Highway, Malad (East), Mumbai-400097, Maharashtra, India |
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Tel. No.: |
91-22-40984545 |
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Fax No.: |
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E-Mail : |
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PAN No.: |
AAAFB1145R |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Sister concern : |
Vicky Fashion Limited |
CAPITAL STRUCTURE
As on 30.9.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,000,000 |
Equity Shares |
Rs.10/- each |
Rs.90.000 million |
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|
|
|
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8,748,040 |
Equity Shares |
Rs.10/- each |
Rs.87.480
million |
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|
|
|
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 |
87.480 |
4.980 |
4.980 |
|
(b) Reserves & Surplus |
25.845 |
23.548 |
22.472 |
|
(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) |
113.325 |
28.528 |
27.452 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
85.560 |
104.156 |
130.249 |
|
(b) Deferred tax liabilities (Net) |
0.183 |
0.202 |
0.210 |
|
(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) |
85.743 |
104.358 |
130.459 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
1.266 |
28.436 |
24.770 |
|
(b) Trade
payables |
28.825 |
157.676 |
63.561 |
|
(c) Other
current liabilities |
1.104 |
0.512 |
0.558 |
|
(d) Short-term
provisions |
1.196 |
0.534 |
2.087 |
|
Total Current
Liabilities (4) |
32.391 |
187.158 |
90.976 |
|
|
|
|
|
|
TOTAL |
231.459 |
320.044 |
248.887 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
1.683 |
1.937 |
2.191 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
131.281 |
129.511 |
125.170 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.691 |
0.691 |
0.500 |
|
(c) Deferred tax assets (net) |
85.198 |
80.508 |
67.830 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
9.365 |
103.910 |
0.124 |
|
Total Non-Current
Assets |
228.218 |
316.557 |
195.815 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a) Current
investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
0.000 |
0.000 |
50.688 |
|
(d) Cash
and cash equivalents |
0.327 |
0.794 |
0.262 |
|
(e)
Short-term loans and advances |
2.831 |
2.677 |
2.088 |
|
(f) Other
current assets |
0.083 |
0.016 |
0.034 |
|
Total
Current Assets |
3.241 |
3.487 |
53.072 |
|
|
|
|
|
|
TOTAL |
231.459 |
320.044 |
248.887 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
150.073 |
960.181 |
1269.009 |
|
|
|
Other Income |
10.937 |
11.784 |
10.433 |
|
|
|
TOTAL (A) |
161.010 |
971.965 |
1279.442 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
147.264 |
953.396 |
1257.371 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
0.000 |
0.000 |
0.000 |
|
|
|
Employees benefits expense |
1.688 |
4.573 |
4.921 |
|
|
|
Other expenses |
1.845 |
1.280 |
1.682 |
|
|
|
TOTAL
(B) |
150.797 |
959.249 |
1263.974 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
10.213 |
12.716 |
15.468 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.485 |
10.861 |
8.520 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
3.728 |
1.855 |
6.948 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.254 |
0.254 |
0.232 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
3.474 |
1.601 |
6.716 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.176 |
0.525 |
2.098 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.298 |
1.076 |
4.618 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.26 |
2.16 |
-- |
|
Expected Sales (2014-15) : Rs.450.000 million
The above information has been parted by Mr. Sanjay Singh (Finance Head)
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.53 |
0.11 |
0.36 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
6.81 |
1.32 |
1.22 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
24.31 |
1.46 |
12.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.06 |
0.24 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.77 |
4.65 |
5.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.10 |
0.02 |
0.58 |
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 |
4.980 |
4.980 |
87.480 |
|
Reserves & Surplus |
22.472 |
23.548 |
25.845 |
|
Net worth |
27.452 |
28.528 |
113.325 |
|
|
|
|
|
|
long-term borrowings |
130.249 |
104.156 |
85.560 |
|
Short term borrowings |
24.770 |
28.436 |
1.266 |
|
Total
borrowings |
155.019 |
132.592 |
86.826 |
|
Debt/Equity
ratio |
5.647 |
4.648 |
0.766 |
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 |
1269.009 |
960.181 |
150.073 |
|
|
|
(24.336) |
(84.370) |
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 |
1269.009 |
960.181 |
150.073 |
|
Profit |
4.618 |
1.076 |
2.298 |
|
|
0.36% |
0.11% |
1.53% |
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
Yes |
|
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 |
No |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
Note:
Registered office of the company has been shifted from 223 Sanjay Bulding No 5 Mittal Industrail Estate, Andheri Kurla Road, Andheri East Mumbai-400059, Maharashtra, India, to the present address w.e.f.01.02.2010
(Rs.
In Million)
|
UNSECURED LOAN |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
Long Term
Borrowing |
|
|
|
Rupee term loans from banks |
58.600 |
0.000 |
|
Rupee term loans from others |
0.000 |
60.400 |
|
Total |
58.600 |
60.400 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10381962 |
13/09/2012 |
200,000,000.00 |
UNION BANK OFINDIA |
Matunga (East) Branch, 323-A, Bhagwati Bhavan, Dr. Ambedkar Road,
Matunga (East),, Mumbai, Maharashtra - 400019, INDIA |
B60251097 |
|
2 |
10152055 |
03/07/2012 * |
82,500,000.00 |
JANAKALYAN SAHAKARI BANK LIMITED |
140 Vivek Darshan Sindhi Society, Opposite Bhakti Bhavan Chembur,
Mumbai, Maharashtra - 400071, INDIA |
B43443027 |
|
3 |
10038986 |
23/09/2011 * |
30,000,000.00 |
UNION BANK OF INDIA |
Matunga (East) Branch, 323-A Bhagwati Bhavan, Dr. |
B25188897 |
|
4 |
10010465 |
27/10/2007 * |
55,000,000.00 |
UNION BANK OF INDIA |
MATUNGA (EAST) BRANCH, BHAGWATI BHUVAN,, 323/A, DR. BABASAHEB AMBEDKAR
ROAD, MATUANGA (E),, MUMBAI, |
A27303023 |
* Date of charge modification
FIXED ASSETS
- Office Equipment
- Motor Car
- MIDC Plot
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.62.69 |
|
|
1 |
Rs.94.54 |
|
Euro |
1 |
Rs.67.65 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
|
--PROFITABILIRY |
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 |
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 |
|
28 |
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.