MIRA INFORM REPORT
|
Report No. : |
321332 |
|
Report Date : |
07.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
BRINDCO SALES LIMITED |
|
|
|
|
Registered
Office : |
S-53, Okhla Industrial Area, Phase-II, New Delhi – 110020, Delhi |
|
Tel no. : |
91-11-51516524 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
27.04.1984 |
|
|
|
|
Com. Reg. No.: |
55-018032 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 990.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U52110DL1984PLC018032 |
|
|
|
|
IEC No.: |
0500002541 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMB15024C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACB3997N |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company. |
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|
|
|
Line of Business
: |
Distribution and trading of liquor products. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
A (62) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 3400000 |
|
|
|
|
Status : |
Good |
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|
|
|
Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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|
Comments : |
Subject is a well-established company having fine track record. For the financial year ended 2014, the company has reported 15.12%
topline growth and it has maintained profitability margins at 3.59%. Rating takes into consideration promoter’s extensive experience in
distributing Indian-made foreign liquor supported by healthy financial risk
profile and adequate debt protection metrics. 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.
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 |
CRISIL |
|
Rating |
Long term rating: A |
|
Rating Explanation |
Adequate degree of safety and low credit risk. |
|
Date |
26.03.2014 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: A2+ |
|
Rating Explanation |
Strong degree of safety and low credit risk. |
|
Date |
26.03.2014 |
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.
INFORMATION PARTED BY (GENERAL DETAILS)
|
Name : |
Mr. Hariharan |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9810621032 |
|
Date : |
05.05.2015 |
LOCATIONS
|
Registered Office : |
S – 53, Okhla Industrial Area, Phase – II, |
|
Tel. No.: |
91-11-51616424/ 26388707/ 26383261/ 40646666 |
|
Mobile No.: |
91-9810621032 (Mr. Hariharan) |
|
Fax No.: |
91-11-26385294/ 26386618/ 40646684 |
|
E-Mail : |
|
|
Website : |
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|
|
Location : |
Owned |
|
|
|
|
Warehouse : |
|
DIRECTORS
As on 29.09.2014
|
Name : |
Mr. Brinder Pal Singh |
|
Designation : |
Managing Director |
|
Address : |
E – 38, Kalindi, Maharani Bagh, |
|
Date of Birth/Age : |
15.05.1945 |
|
Qualification: |
BA |
|
Date of Appointment : |
28.09.2006 |
|
DIN No.: |
00268202 |
|
|
|
|
Name : |
Mr. Smirit Dhall |
|
Designation : |
Director |
|
Address : |
E – 38, Kalindi, Maharani Bagh, |
|
Date of Birth/Age : |
31.07.1950 |
|
Qualification: |
BA |
|
Date of Appointment : |
28.09.2006 |
|
DIN No.: |
00268390 |
|
|
|
|
Name : |
Mr. Amandeep Singh Dhall |
|
Designation : |
Whole time director |
|
Address : |
E – 38, Kalindi, Maharani Bagh, |
|
Date of Birth/Age : |
19.12.1972 |
|
Qualification: |
BA |
|
Date of Appointment : |
01.07.2004 |
|
DIN No.: |
00497674 |
|
|
|
|
Name : |
Ms. Simer Dhill |
|
Designation : |
Director |
|
Address : |
E – 38, Kalindi, Maharani Bagh, New Delhi – 110065, India |
|
Date of Birth/Age : |
15.01.1983 |
|
Date of Appointment : |
14.05.2012 |
|
DIN No.: |
05279351 |
KEY EXECUTIVES
|
Name : |
Mr. Muthuswamy Hariharan |
|
Designation : |
Chief Executive Officer |
|
Address : |
F – 202, Neel Padam 1, Sector – 6,Vaishali, Ghazibad – 201010, Uttar
Pradesh, India |
|
Date of Appointment : |
26.05.2014 |
|
|
|
|
Name : |
Khushbu Agarwal |
|
Designation : |
Secretary |
|
Address : |
2/68, Roop NAar, Near Jain Mandir, Delhi – 110007, India |
|
Date of Appointment : |
26.05.2014 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Brinder Pal Singh |
|
3022580 |
|
Simrit Dhall |
|
381040 |
|
Indra Dhall |
|
466400 |
|
Aman Deep Singh |
|
1959760 |
|
Simer Dhall |
|
827200 |
|
Brindco Enterprises Private Limited, India |
|
1522400 |
|
Brindco Investment Private Limited, India |
|
1720400 |
|
Brinder Pal Singh (HUF) |
|
220 |
|
Total |
|
9900000 |
As on 29.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
32.76 |
|
Directors or relatives of Directors |
67.24 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distribution and trading of liquor products. |
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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 : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cheque and RTGs |
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Purchasing : |
Cheque and RTGs |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and Others
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Davinder Pal Singh and Company Chartered Accountants |
|
Address : |
524-I, |
|
Tel. No.: |
91-161-2422279/ 2422284 |
|
Mobile No.: |
91-9814025756 |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AACFD9217D |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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|
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Subsidiary Company: |
Darshit Impex Private Limited DIN No. :
U51900MH1989PTC050469 |
CAPITAL STRUCTURE
As on 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10,000,000 |
Equity Shares |
Rs.100/- each |
Rs. 1000.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
9,900,000 |
Equity Shares |
Rs.10/- each |
Rs. 990.000
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 |
990.000 |
495.000 |
495.000 |
|
(b) Reserves & Surplus |
199.628 |
563.079 |
398.276 |
|
(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) |
1189.628 |
1058.079 |
893.276 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.601 |
|
(b) Deferred tax liabilities
(Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.601 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
318.342 |
410.594 |
591.821 |
|
(b) Trade payables |
606.698 |
332.013 |
266.331 |
|
(c) Other current liabilities |
82.577 |
81.170 |
92.537 |
|
(d) Short-term provisions |
150.942 |
91.724 |
81.477 |
|
Total
Current Liabilities (4) |
1158.559 |
915.501 |
1032.166 |
|
|
|
|
|
|
TOTAL |
2348.187 |
1973.580 |
1926.043 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
60.372 |
47.712 |
45.357 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
6.851 |
6.851 |
6.751 |
|
(c) Deferred tax assets (net) |
1.266 |
0.963 |
6.247 |
|
(d) Long-term Loan and Advances |
11.887 |
11.625 |
10.535 |
|
(e) Other Non-current assets |
5.546 |
1.092 |
1.638 |
|
Total
Non-Current Assets |
85.922 |
68.243 |
70.528 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
500.173 |
354.274 |
276.008 |
|
(c) Trade receivables |
966.851 |
1148.274 |
1172.493 |
|
(d) Cash and cash equivalents |
281.675 |
97.818 |
103.593 |
|
(e) Short-term loans and
advances |
500.812 |
301.014 |
302.471 |
|
(f) Other current assets |
12.754 |
3.957 |
0.950 |
|
Total
Current Assets |
2262.265 |
1905.337 |
1855.515 |
|
|
|
|
|
|
TOTAL |
2348.187 |
1973.580 |
1926.043 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
4355.590 |
4488.179 |
3740.729 |
|
|
Other Income |
80.689 |
100.067 |
244.638 |
|
|
TOTAL
(A) |
4436.279 |
4588.246 |
3985.367 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchase of Stock in trade |
3845.026 |
3914.42 |
3376.437 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(53.674) |
(49.690) |
(34.900) |
|
|
Employees benefits expense |
119.776 |
115.503 |
100.771 |
|
|
Other expenses |
263.831 |
267.380 |
240.608 |
|
|
TOTAL
(B) |
4174.959 |
4247.613 |
3682.916 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
261.320 |
340.633 |
302.451 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
58.445 |
79.999 |
82.510 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
202.875 |
260.634 |
219.941 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
12.870 |
10.498 |
12.159 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
190.005 |
250.136 |
207.782 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
58.456 |
85.333 |
67.852 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
131.549 |
164.803 |
139.930 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
13.29 |
33.29 |
28.27 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
3.02 |
3.67 |
3.74 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
6.00 |
7.59 |
8.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
8.12 |
12.72 |
10.86 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16 |
0.24 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.27 |
0.39 |
0.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95 |
2.08 |
1.80 |
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 |
495.000 |
495.000 |
990.000 |
|
Reserves & Surplus |
398.276 |
563.079 |
199.628 |
|
Net
worth |
893.276 |
1058.079 |
1189.628 |
|
|
|
|
|
|
long-term borrowings |
0.601 |
0.000 |
0.000 |
|
Short term borrowings |
591.821 |
410.594 |
318.342 |
|
Total
borrowings |
592.422 |
410.594 |
318.342 |
|
Debt/Equity
ratio |
0.663 |
0.388 |
0.268 |
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 |
3740.729 |
4488.179 |
4355.590 |
|
|
|
19.981 |
(2.954) |
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 |
3740.729 |
4488.179 |
4355.590 |
|
Profit |
139.930 |
164.803 |
131.549 |
|
|
3.74% |
3.67% |
3.02% |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
OPERATION
The Company have achieved Sale turnover of Rs4588.245 Million as against the sale turnover of 3985.366 Million in the previous year and earned a net profit of Rs. 164.803. Million as against a net profit of Rs. 139.930 Million in the previous year.
Reserve and Surplus Nil amount transferred to reserves
Dividend to retain profits of the company for its expansion plans of the Company regret to say that no dividend is declared for the year ended 31st March 2014
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10361798 |
16/05/2012 |
300,000,000.00 |
AXIS BANK LIMITED |
2ND FLOOR,
STATESMAN HOUSE, 148, BARAKHAMBA ROAD, NEW DELHI, DELHI - 110001, INDIA |
B42116442 |
|
2 |
10205022 |
12/07/2010 * |
700,000,000.00 |
PUNJAB AND SIND BANK |
SUNET, LUDHIANA,
LUDHIANA, PUNJAB - 141001, INDIA |
A90043274 |
|
3 |
90032542 |
09/02/1990 |
600,000.00 |
PUNJAB AND SIND BANK |
H - BLOCK, CONN.
CIRCUS, NEW DELHI, DELHI, INDIA |
- |
|
4 |
90032323 |
26/12/1988 |
2,846,000.00 |
THE HARYANA FINANCIAL CORPORATION |
BAYS NO. 17; 18
19 SECTOR 17 - A, OPP. LIC. B |
- |
|
5 |
90032031 |
01/10/1986 |
3,600,000.00 |
PUNJAB AND SIND BANK |
H - BLOCK, CONN.
CIRCUS, NEW DELHI, DELHI, INDIA |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Furniture and fixtures
- Vehicles
- Office equipment
- Plantations
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 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.71.51 |
|
Euro |
1 |
Rs.96.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
7 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
7 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
7 |
|
--PROFITABILITY |
1~10 |
7 |
|
--LIQUIDITY |
1~10 |
7 |
|
--LEVERAGE |
1~10 |
7 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
7 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
62 |
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.