MIRA INFORM REPORT
|
Report No. : |
321295 |
|
Report Date : |
08.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
D D COTTON PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
86, Maker Chambers VI, 220, Jamnalal Bajaj Marg, Nariman Point, Mumbai-400021, Maharashtra |
|
Tel. No.: |
91-22-66301129 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
30.08.1994 |
|
|
|
|
Com. Reg. No.: |
11-156054 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 25.800 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17120MH1994PTC156054 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMD15333D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD4819K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Exporter of Cotton |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 840000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. The rating is constrained on account of drastic dip in the profit made
by the company during year under review. However, liquidity of the company is
fair. Trade relations are fair. Business is active. Payment terms are slow
but correct. Subject 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 – 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 |
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
31-03-2014.
INFORMATION PARTED BY
|
Name : |
Mrs. Shanti |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-66301129 |
|
Date : |
07.05.2015 |
LOCATIONS
|
Registered Office : |
86, Maker Chambers VI, 220, Jamnalal Bajaj Marg, Nariman Point,
Mumbai-400021, Maharashtra, India |
|
Tel. No.: |
91-22-66301129 |
|
Fax No.: |
91-22-22874260 |
|
E-Mail : |
|
|
Area : |
800 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 29.09.2014
|
Name : |
|
|
Designation : |
Director |
|
Address : |
11, Bakhtawar Annexxe, 22, Narayan Dhabolkar Road, Mumbai-400006,
Maharashtra, India |
|
Date of Appointment : |
30.08.1994 |
|
PAN No.: |
AAAHB0737M |
|
DIN No.: |
00214194 |
|
Other Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U51900MH1948PTC006625 |
DWARKADAS AND
COMPANY PRIVATE LIMITED |
Whole-time
director |
30/01/1961 |
30/01/1961 |
Under
liquidation |
NO |
|
2 |
U51900MH1947PTC006076 |
DWARKADAS AND
SONS PRIVATE LIMITED |
Director |
06/11/1967 |
06/11/1967 |
Active |
NO |
|
3 |
U17100MH1987PTC044727 |
DWARKADAS COTTON
COMPANY PRIVATE LIMITED |
Director |
21/09/1987 |
21/09/1987 |
Amalgamated |
NO |
|
4 |
U17119GJ1987PTC010009 |
SEKHSARIA IMPEX
PRIVATE LIMITED |
Director |
11/09/1989 |
11/09/1989 |
Active |
NO |
|
5 |
U51311MH1990PTC054920 |
DWARKADAS
TRADING COMPANY PRIVATE LIMITED |
Director |
10/01/1990 |
10/01/1990 |
Active |
NO |
|
6 |
U17120MH1994PTC156054 |
D D COTTON
PRIVATE LIMITED |
Director |
30/08/1994 |
30/08/1994 |
Active |
NO |
|
Name : |
|
|
Designation : |
Director |
|
Address : |
Sekhsaria House, 28, Babulnath Road, Mumbai-400007, Maharashtra, India
|
|
Date of Appointment : |
30.08.1994 |
|
PAN No.: |
AAAHA0844A |
|
DIN No.: |
00214303 |
|
Other Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U51900MH1947PTC006076 |
DWARKADAS AND
SONS PRIVATE LIMITED |
Director |
28/11/1977 |
28/11/1977 |
- |
Active |
NO |
|
2 |
U17119GJ1987PTC010009 |
SEKHSARIA IMPEX
PRIVATE LIMITED |
Director |
23/09/1987 |
23/09/1987 |
- |
Active |
NO |
|
3 |
U17100MH1987PTC044727 |
DWARKADAS COTTON
COMPANY PRIVATE LIMITED |
Director |
11/03/1989 |
11/03/1989 |
- |
Amalgamated |
NO |
|
4 |
U51311MH1990PTC054920 |
DWARKADAS
TRADING COMPANY PRIVATE LIMITED |
Director |
10/01/1990 |
10/01/1990 |
- |
Active |
NO |
|
5 |
U17120MH1994PTC156054 |
D D COTTON
PRIVATE LIMITED |
Director |
30/08/1994 |
30/08/1994 |
- |
Active |
NO |
|
6 |
U74990MH2008PTC189127 |
GREENLIGHT
PLANET INDIA PRIVATE LIMITED |
Director |
24/12/2008 |
24/12/2008 |
20/07/2009 |
Active |
NO |
|
7 |
U91110MH1921NPL000940 |
COTTON
ASSOCIATION OF INDIA |
Director |
30/12/2011 |
30/12/2011 |
20/12/2013 |
Active |
NO |
|
8 |
U74999MH2015PTC263648 |
GLOCAL INSURANCE
BROKERS PRIVATE LIMITED |
Director |
21/04/2015 |
21/04/2015 |
- |
Active |
NO |
|
Name : |
|
|
Designation : |
Additional Director |
|
Address : |
Sekhsaria House, 28 Babulnath Road, Mumbai-400007, Maharashtra, India |
|
Date of Appointment : |
01.11.2013 |
|
PAN No.: |
AACPS0614G |
|
DIN No.: |
02413288 |
|
Other Directorship: |
|
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74990MH2008PTC189127 |
GREENLIGHT
PLANET INDIA PRIVATE LIMITED |
Director |
24/12/2008 |
24/12/2008 |
Active |
NO |
|
2 |
U17120MH1994PTC156054 |
D D COTTON
PRIVATE LIMITED |
Additional
director |
01/11/2013 |
01/11/2013 |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mrs. Shanti |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2014
|
Name
of Shareholders |
No. of
Shares |
%age |
|
Brijmohan P Sekhsaria |
4,220 |
16.36 |
|
Arun B Sekhsaria |
2,620 |
10.16 |
|
Sulochanan B Sekhsaria |
2,820 |
10.93 |
|
Kalpana A Sekhsaria |
4,320 |
16.74 |
|
Mayank A Sekhsaria |
4,520 |
17.52 |
|
Brijmohan P Sekhsaria HUF |
3,350 |
12.98 |
|
Arun B Sekhsaria HUF |
1,450 |
5.62 |
|
Dwarkadas Trading Company Private Limited |
1,500 |
5.81 |
|
Brijmohan Sekhsaria and Company |
1,000 |
3.88 |
|
TOTAL |
25,800 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2014
|
Category |
Percentage |
|
Bodies corporate |
9.69 |
|
Directors or relatives of Directors |
90.31 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Cotton |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Divulged |
|
|
|
|
Agencies Held : |
Not Divulged |
|
|
|
|
Exports : |
|
|
Products : |
Cotton |
|
Countries : |
|
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
Cash |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||
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||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||
|
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||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
|
|
|
|
|
Auditors : |
|
|
Name : |
Shankarlal Jain And Associates Chartered Accountants |
|
Address : |
12 Engineer Building, 265 Princes Street, Mumbai-400002, Maharashtra,
India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AACFS6967Q |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30000 |
Equity Shares |
Rs.1000/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25800 |
Equity Shares |
Rs.1000/- each |
Rs. 25.800
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 |
25.800 |
25.800 |
25.800 |
|
(b) Reserves & Surplus |
269.534 |
249.518 |
150.638 |
|
(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) |
295.334 |
275.318 |
176.438 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities
(Net) |
0.141 |
0.000 |
0.000 |
|
(c) Other long term
liabilities |
0.000 |
9.951 |
3.235 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
0.141 |
9.951 |
3.235 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
272.782 |
187.803 |
48.129 |
|
(b) Trade payables |
86.250 |
214.824 |
41.269 |
|
(c) Other current liabilities |
12.035 |
48.236 |
73.915 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
371.067 |
450.863 |
163.313 |
|
|
|
|
|
|
TOTAL |
666.542 |
736.132 |
342.986 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
11.881 |
12.109 |
10.135 |
|
(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 |
105.441 |
102.547 |
96.654 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and
Advances |
2.281 |
0.781 |
0.616 |
|
(e) Other Non-current assets |
3.915 |
0.000 |
0.227 |
|
Total
Non-Current Assets |
123.518 |
115.437 |
107.632 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
33.980 |
132.321 |
153.932 |
|
(c) Trade receivables |
420.531 |
404.244 |
43.503 |
|
(d) Cash and cash equivalents |
14.508 |
0.829 |
7.967 |
|
(e) Short-term loans and
advances |
59.770 |
57.906 |
22.291 |
|
(f) Other current assets |
14.235 |
25.395 |
7.661 |
|
Total
Current Assets |
543.024 |
620.695 |
235.354 |
|
|
|
|
|
|
TOTAL |
666.542 |
736.132 |
342.986 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
NA |
NA |
NA |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
NA |
|
|
|
|
Trading Expenses |
|
|
|
|
|
Manufacturing Expenses |
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
24.435 |
124.625 |
32.833 |
|
|
|
|
|
|
|
Less |
TAX |
4.419 |
25.745 |
6.73 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
20.016 |
98.880 |
26.103 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
FOB Value for Goods |
1944.166 |
2787.834 |
1321.158 |
|
|
TOTAL
EARNINGS |
1944.166 |
2787.834 |
1321.158 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
776.00 |
3833.00 |
1012.00 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
Net Profit Margin |
(%) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
Return on Total Assets |
(%) |
4.35 |
19.67 |
13.33 |
|
|
|
|
|
|
|
|
|
Return on Investment (ROI) |
|
0.08 |
0.45 |
0.19 |
|
|
|
|
|
|
|
|
|
Debt Equity Ratio |
|
0.92 |
0.68 |
0.27 |
|
|
|
|
|
|
|
|
|
Current Ratio |
|
1.46 |
1.38 |
1.44 |
|
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(INR
in Mlns.) |
(INR
in Mlns.) |
(INR
in Mlns.) |
|
Share Capital |
25.800 |
25.800 |
25.800 |
|
Reserves & Surplus |
150.638 |
249.518 |
269.534 |
|
Net
worth |
176.438 |
275.318 |
295.334 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
48.129 |
187.803 |
272.782 |
|
Total
borrowings |
48.129 |
187.803 |
272.782 |
|
Debt/Equity
ratio |
0.273 |
0.682 |
0.924 |
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 |
Yes |
|
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 |
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term borrowings |
|
|
|
Loans and advances from related parties |
39.170 |
55.809 |
|
|
|
|
|
Total |
39.170 |
55.809 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10123793 |
24/03/2014 * |
1,128,000,000.00 |
Karnataka Bank
Limited |
104-106, EMBASSY
CENTRE, JAMNALAL BAJAJ MARG,, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021,
INDIA |
C04148862 |
|
2 |
10123795 |
24/03/2014 * |
1,128,000,000.00 |
Karnataka Bank
Limited |
104-106, EMBASSY
CENTRE, JAMNALAL BAJAJ MARG,, NARIMAN POINT, MUMBAI, MAHARASHTRA - 400021,
INDIA |
C04143376 |
* Date of charge modification
NOTE
Registered office has shifted from 903, Tulsiani
chamber, 212 Bacbay Reclamation, Nariman Point, Mumbai-400021, Maharashtra,
India to the present address w.e.f. 14.10.2013
FINANCIAL
In the current year after meeting all expenses, interest and depreciation we made a profit of Rs.24.435 Million. From this it is proposed to make provision of Rs.4.278 Million towards income tax and Rs.0.141 Million towards Differed Tax which leaves credit balance of profit and loss a/c of Rs.20.016 Million Which is recommended to be transferred to General Reserves of the company.
FIXED ASSETS
- Land and
Building
- Plant and
Equipments
- Factory
Equipments
- Furniture and
Fixtures
- Vehicles
- Computer
Equipments
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, 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.63.88 |
|
|
1 |
Rs.97.20 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMI |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
33 |
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.