MIRA INFORM REPORT
|
Report No. : |
320947 |
|
Report Date : |
08.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
INDO GLOBAL COMMERCIALS PRIVATE LIMITED (w.e.f.10.03.1997) |
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|
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Formerly Known
As : |
LITCO FUEL INDUSTRIES (INDIA) PRIVATE LIMITED |
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Registered
Office : |
56, East Wardhman Nagar, Nagpur – 440008, Maharashtra |
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Tel. No.: |
91-712 2681706 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
24.10.1991 |
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Com. Reg. No.: |
11-063736 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.332 Million |
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CIN No.: [Company Identification
No.] |
U23100MH1991PTC063736 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
NGPI00135C |
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PAN No.: [Permanent Account No.] |
AAACI3950J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trading in Newsprints and writing and printing paper and trading in
coal and also generation of power. |
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No. of Employees
: |
Not Divulged |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 526000 |
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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 having satisfactory track record. The rating reflect Indo Global’s established market position in the
paper trading segment, marked by above average finance risk profile. General
financial position of the company seems to be fair. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The concern can be considered for business dealings with usual
business 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 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: “BB+” |
|
Rating Explanation |
Inadequate credit quality and high credit
risk. |
|
Date |
27.02.2015 |
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Rating Agency Name |
CRISIL |
|
Rating |
Short term rating: “A4+” |
|
Rating Explanation |
Minimal degree of safety and very high
credit risk. |
|
Date |
27.02.2015 |
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 DECLINED
MANAGEMENT NON-COOPERATIVE (Tel. No.: 91-712-2681706/ 07)
LOCATIONS
|
Registered Office : |
56, East Wardhman Nagar, Nagpur – 440008, Maharashtra, India |
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Tel. No.: |
91-712 2681706-09 |
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Fax No.: |
91-712 2681122 |
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E-Mail : |
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Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Rajendra Premchand Jain |
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Designation : |
Whole-time director |
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Address : |
134, Surya Nagar, Bagadganj, Nagpur – 440008, Maharashtra, India |
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Date of Birth/Age : |
18.03.1961 |
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Date of Appointment : |
01.04.2012 |
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DIN No.: |
00514845 |
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Other Directorship :
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Name : |
Mr. Sajjan Chaturbhuj Jain |
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Designation : |
Whole-time director |
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Address : |
P. No. 1333, Deshpande Layout, Wardhaman Nagar, Nagpur – 440008, Maharashtra,
India |
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Date of Birth/Age : |
08.11.1960 |
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Date of Appointment : |
01.04.2012 |
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DIN No.: |
01075727 |
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Other Directorship :
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Name : |
Mr. Vinod Chaturbhuj Jain |
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Designation : |
Whole-time director |
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Address : |
1427, Deshpande Layout, Wardhaman Nagar, Nagpur – 440008, Maharashtra,
India |
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Date of Birth/Age : |
12.12.1962 |
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Date of Appointment : |
01.04.2012 |
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DIN No.: |
01141827 |
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Other Directorship :
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Name : |
Mr. Surendra Chaturbhuj Jain |
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Designation : |
Whole-time director |
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Address : |
1340-1341, Deshpande Layout, Wardhaman Nagar, Nagpur – 440008,
Maharashtra, India |
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Date of Birth/Age : |
18.07.1966 |
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Date of Appointment : |
01.04.2012 |
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DIN No.: |
01142135 |
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Other Directorship :
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Name : |
Mr. Rajesh Sajjan Jain |
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Designation : |
Director |
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Address : |
Plot No. 1333, Deshpande Layout, Wardhaman Nagar, Nagpur – 440008,
Maharashtra, India |
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Date of Birth/Age : |
20.02.1986 |
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Date of Appointment : |
02.05.2011 |
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DIN No.: |
03520107 |
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KEY EXECUTIVES
|
Name : |
Mr. Rachaba A. Daga |
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Designation : |
Company Secretary |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Surender Jain |
3500 |
|
Vinod Jain |
3500 |
|
Rajendra Jain |
3500 |
|
Sajjan Jain |
3500 |
|
Sunita Jain |
3000 |
|
Manju Jain |
3000 |
|
Suman Jain |
3000 |
|
Shikha Jain |
3000 |
|
Chaturbhuj Jain |
500 |
|
Shanti Devi Jain |
250 |
|
Rajesh Jain |
70 |
|
Ankush lain |
1500 |
|
Sajjan Jain (HUF) |
3000 |
|
Rajendra Jain (HUF) |
3000 |
|
Ankit Jain |
3000 |
|
Vinod Jain (HUF) |
3000 |
|
Surender Jain (HUF) |
3000 |
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Total |
43320 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage of Holding |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Trading in Newsprints and writing and printing paper and trading in
coal and also generation of power. |
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Products : |
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Brand Names : |
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Agencies Held : |
-- |
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Exports : |
-- |
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Imports : |
-- |
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Terms : |
-- |
PRODUCTION STATUS (AS ON 31.03.2014)
|
Particulars |
Unit |
Actual
Production |
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|
|
|
Power |
Units |
856769# |
# Units billed.
GENERAL INFORMATION
|
Suppliers : |
· Akula Boards Limited · ITC Limited · Ellora Paper Mills Limited · Kohinoor Paper and Newsprint Private Limited · Sahil Traders · Malu Pper Mills Limited · Namakkal Transport · Aakar Shipping Services · Sri Ramachandra Paper Boards Limited · KVR Industries Limited |
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Customers : |
· Aarkay Agencies · Bhaskar Lubricants Private Limited · Lipi International Private Limited · Sandesh Packaging Private Limited · Vishnu Paper Products · Venus Enterprises · Cosboard Industries Limited · Dainik Bhaskar Group · Sanket Enterprises · Balkrishna Paper Mills Limited |
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No. of Employees : |
Not Divulged |
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Bankers : |
· State Bank of India, Hingna Industrial Estate, Plot No. 43, MIDC, Hingna, Nagpur - 440016, Maharashtra, India |
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Facilities : |
NOTE 1. Primary
Security: Exclusive first charge by hypothecation of entire stock of finished goods at company’s permises including goods in transit and book debts. 2. Collateral
Security: i) Immovable
Property: a. Equitable mortgage of Plot No. 56, NMC House No. 1075, Mouza Pardi Wardhaman Nagar, Nagpur – 440008 in the name of Sajjan Jain, Vinod Jain, Surender Jain and Rajendra Jain – Directors. b. Equitable mortgage of House No. 1333, Kh NO. 53, 54 & 57 Mouza Pardi Deshpande Layout, Nagpur – 440008 in the name of Mrs. Manju Sajjan Jain. c. Equitable mortgage of Plot No. T-2, CS No. 207 Transpoft Free Zone Co-operative Houseing Society, Mouza Pardi, Wardhman Nagar, Nagpur – 440008 in the name of Rajendra Premchand Jain. ii) Third Party
Guarantee: Personal guarantees of Sajjan Jain, Vinod Jain, Surender Jain, Rajendra Jain, Manju Jain and Rajesh Jain. |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Agarwal Challani and Company Chartered Accountants |
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Address : |
51/A, Ground Floor, New Colony, Behind Chhaoni Police Chowky, Nagpur – 440001, Maharashtra, India |
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Tel. No. : |
91-712-2595653/ 2595750 |
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Income-tax
PAN of auditor or auditor's firm : |
AACFA2753L |
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Memberships : |
-- |
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Collaborators : |
-- |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
43,320 |
Equity Shares |
Rs. 100/- each |
Rs. 4.332
Millions |
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 |
4.332 |
4.475 |
4.475 |
|
(b) Reserves & Surplus |
179.645 |
164.958 |
142.074 |
|
(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) |
183.977 |
169.433 |
146.549 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
7.448 |
8.359 |
54.962 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
8.819 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
7.448 |
8.359 |
63.781 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
95.930 |
83.707 |
208.359 |
|
(b) Trade
payables |
182.296 |
155.640 |
118.000 |
|
(c) Other
current liabilities |
5.900 |
8.583 |
0.833 |
|
(d) Short-term
provisions |
1.586 |
0.671 |
9.020 |
|
Total Current
Liabilities (4) |
285.712 |
248.601 |
336.212 |
|
|
|
|
|
|
TOTAL |
477.137 |
426.393 |
546.542 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i) Tangible
assets |
65.581 |
44.409 |
42.400 |
|
(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 |
2.494 |
0.001 |
0.001 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other
Non-current assets |
9.856 |
11.272 |
11.279 |
|
Total Non-Current
Assets |
77.931 |
55.682 |
53.680 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
0.000 |
0.000 |
0.000 |
|
(c) Trade
receivables |
339.332 |
324.875 |
457.285 |
|
(d) Cash
and cash equivalents |
34.802 |
22.694 |
5.715 |
|
(e)
Short-term loans and advances |
14.870 |
14.607 |
16.914 |
|
(f) Other
current assets |
10.202 |
8.535 |
12.948 |
|
Total
Current Assets |
399.206 |
370.711 |
492.862 |
|
|
|
|
|
|
TOTAL |
477.137 |
426.393 |
546.542 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
322.559 |
508.167 |
599.103 |
|
|
|
Other Income |
0.129 |
0.320 |
0.060 |
|
|
|
TOTAL (A) |
322.688 |
508.487 |
599.163 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock-in-trade |
242.061 |
429.181 |
531.164 |
|
|
|
Changes in Inventories of goods |
0.000 |
0.000 |
1.059 |
|
|
|
Employees benefits expenses |
14.213 |
13.495 |
7.676 |
|
|
|
Other expenses |
15.232 |
9.325 |
12.184 |
|
|
|
TOTAL (B) |
271.506 |
452.001 |
552.083 |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C) |
51.182 |
56.486 |
47.080 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
19.970 |
19.499 |
23.146 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
31.212 |
36.987 |
23.934 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.002 |
2.897 |
2.544 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F)
(G) |
28.210 |
34.090 |
21.390 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
9.090 |
11.207 |
6.761 |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-H) (I) |
19.120 |
22.883 |
14.629 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
6.886 |
0.000 |
1.231 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
441.37 |
511.36 |
327.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
5.93 |
4.50 |
2.44 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
15.87 |
11.12 |
7.86 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.94 |
7.99 |
3.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.20 |
0.15 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.52 |
0.49 |
1.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.40 |
1.49 |
1.47 |
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 |
4.475 |
4.475 |
4.332 |
|
Reserves & Surplus |
142.074 |
164.958 |
179.645 |
|
Net
worth |
146.549 |
169.433 |
183.977 |
|
|
|
|
|
|
Long-term Borrowings |
0.000 |
0.000 |
0.000 |
|
Short term Borrowings |
208.359 |
83.707 |
95.930 |
|
Total
borrowings |
208.359 |
83.707 |
95.930 |
|
Debt/Equity
ratio |
1.422 |
0.494 |
0.521 |
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 |
599.103 |
508.167 |
322.559 |
|
|
|
(15.179) |
(36.525) |
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 |
599.103 |
508.167 |
322.559 |
|
Profit |
14.629 |
22.883 |
19.120 |
|
|
2.44% |
4.50% |
5.93% |
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 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90154858 |
24/01/2014 * |
236,000,000.00 |
STATE BANK OF INDIA |
HINGNA INDUSTRIAL ESTATE, PLOT NO. 43, MIDC, HINGNA, NAGPUR - 440016, MAHARASHTRA, INDIA |
B95771358 |
* Date of charge modification
FIXED ASSETS
· Land
· Plot/ House Property
· Computers
· Wind-mill
· Motor Cars
· Scooters and Motorcycle
· Furniture and Fixtures
· Office Equipment’s
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. 63.88 |
|
|
1 |
Rs. 97.21 |
|
Euro |
1 |
Rs. 72.51 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.