MIRA INFORM REPORT
|
Report No. : |
321832 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
PEGMA RESOURCES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
C-150, RIICO Housing Colony, Ajmer Road, Beawar – 305901, Rajasthan |
|
Mobile No.: |
91-9352411641 (Mr. Sachin Sohanlal Nahar) |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.04.2012 |
|
|
|
|
Com. Reg. No.: |
17-038494 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 45.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U14200RJ2012PTC038494 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JDHP06136E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCP5470Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer and Exporter of Flexible intermediate bulk containers. |
|
|
|
|
No. of Employees
: |
35 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 120000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
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. Even though the company was incorporated during the year 2012 the company
commenced its commercial operation after the FY 2013 It is the company first year of business operation and the company has
achieved a sizeable turnover from its operational activities however,
incurred a loss. Further, the borrowings recorded by the company are also huge. Trade relations are reported to be improving. Business is active.
Payments terms are reported to be slow but correct. The company 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 |
CARE |
|
Rating |
Long term bank facilities: B |
|
Rating Explanation |
High risk of default. |
|
Date |
05.01.2015 |
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 PARTED BY
|
Name : |
Mr. Sachin Sohanlal Nahar |
|
Designation : |
Director |
|
Contact No.: |
91-9352411641 |
|
Date : |
08.05.2015 |
LOCATIONS
|
Registered Office : |
C-150, RIICO Housing Colony, Ajmer Road, Beawar – 305901, Rajasthan |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9352411641 (Mr. Sachin Sohanlal Nahar) |
|
Fax No.: |
91-1462-226513 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1200 Sq Ft |
|
Location : |
Owned |
|
Locality: |
Commercial |
|
|
|
|
Factory : |
1040/1041, Village Rundlai, Ajer Road, Beawar – 305901, Rajasthan,
India |
DIRECTORS
As on 25.09.2014
|
Name : |
Ruchika Sharma |
|
Designation : |
Director |
|
Address : |
31, Panchawati Colony, Gayatri Nagar, Ajmer Road, Beawar – 305901, Rajasthan, India |
|
Date of Birth/Age : |
04.03.1982 |
|
Date of Appointment : |
09.04.2012 |
|
DIN No.: |
05239468 |
|
|
|
|
Name : |
Mr. Ankur Sharma |
|
Designation : |
Director |
|
Address : |
31, Panchawati Colony, Gayatri Nagar, Ajmer Road, Beawar – 305901, Rajasthan, India |
|
Date of Birth/Age : |
28.08.1980 |
|
Date of Appointment : |
09.04.2012 |
|
DIN No.: |
05239469 |
|
|
|
|
Name : |
Mr. Nitin Kumar Nahar |
|
Designation : |
Director |
|
Address : |
A-12 RIICO Housing Colony, Ajmer Road, Beawar – 305901, Rajasthan, India |
|
Date of Birth/Age : |
09.08.1974 |
|
Date of Appointment : |
09.04.2012 |
|
DIN No.: |
05239470 |
|
|
|
|
Name : |
Mr. Sachin Sohanlal Nahar |
|
Designation : |
Director |
|
Address : |
B-33 RIICOO Housing Colony, Ajmer Road, Beawar – 305901, Rajasthan, India |
|
Date of Birth/Age : |
15.05.1977 |
|
Date of Appointment : |
09.04.2012 |
|
DIN No.: |
05239471 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 25.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Sachin Sohanlal Nahar |
|
320000 |
|
Nitin Kumar Nahar |
|
260000 |
|
Ruchika Sharma |
|
315000 |
|
Ankur Sharma |
|
495000 |
|
Shweta Nahar |
|
320000 |
|
Kavita Nahar |
|
320000 |
|
Rajendra Kumar Sharma |
|
340000 |
|
R K Sharma (HUF) |
|
432500 |
|
Pushpa Sharma |
|
290000 |
|
Ankur Sharma (HUF) |
|
377500 |
|
Sohan Lal Nahar |
|
145000 |
|
Sachin Sohanlal Nahar (HUF) |
|
360000 |
|
Nitin Kumar Nahar (HUF) |
|
185000 |
|
Sohan lal Nahar (HUF) |
|
230000 |
|
Veena Nahar |
|
110000 |
|
Total |
|
4500000 |
Equity Share Break up (Percentage of Total Equity)
As on 25.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Flexible intermediate bulk containers. |
|
|
|
|
Products : |
Flexible intermediate bulk containers |
|
|
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Brand Names : |
Not Divulged |
|
|
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Flexible intermediate bulk containers |
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Countries : |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
End Users
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No. of Employees : |
35 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
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|
Name : |
R Osatwal and Associates Chartered Accountants |
|
Address : |
Tax Chamber, Inside Ajmeri Gate, Beawar – 305901, Rajasthan, India |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AAHFR8966P |
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|
|
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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Other related party : |
WMA India |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4500000 |
Equity Shares |
Rs.10/- each |
Rs. 45.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES
OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
45.000 |
23.000 |
|
(b) Reserves & Surplus |
|
(3.955) |
0.000 |
|
(c) Money received against
share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money
pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
41.045 |
23.000 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
105.534 |
42.488 |
|
(b) Deferred tax liabilities
(Net) |
|
0.000 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
|
105.534 |
42.488 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
60.548 |
0.000 |
|
(b) Trade payables |
|
48.716 |
0.173 |
|
(c) Other current liabilities |
|
22.076 |
12.271 |
|
(d) Short-term provisions |
|
3.082 |
0.000 |
|
Total
Current Liabilities (4) |
|
134.422 |
12.444 |
|
|
|
|
|
|
TOTAL |
|
281.001 |
77.932 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
124.073 |
1.146 |
|
(ii) Intangible Assets |
|
7.578 |
26.618 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under
development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
1.769 |
0.000 |
|
(d) Long-term Loan and Advances |
|
3.820 |
41.960 |
|
(e) Other Non-current assets |
|
2.154 |
2.085 |
|
Total
Non-Current Assets |
|
139.394 |
71.809 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
100.699 |
0.000 |
|
(c) Trade receivables |
|
23.166 |
0.000 |
|
(d) Cash and cash equivalents |
|
1.075 |
5.068 |
|
(e) Short-term loans and
advances |
|
16.667 |
0.949 |
|
(f) Other current assets |
|
0.000 |
0.106 |
|
Total
Current Assets |
|
141.607 |
6.123 |
|
|
|
|
|
|
TOTAL |
|
281.001 |
77.932 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
|
133.559 |
0.000 |
|
|
Other Income |
|
5.518 |
0.000 |
|
|
TOTAL
(A) |
|
139.077 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
167.087 |
0.000 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
(84.881) |
0.000 |
|
|
Employees benefits expense |
|
26.225 |
0.000 |
|
|
Other expenses |
|
17.878 |
0.000 |
|
|
TOTAL
(B) |
|
126.309 |
0.000 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
|
12.768 |
0.000 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
11.458 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
1.310 |
0.000 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
|
7.034 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
|
(5.724) |
0.000 |
|
|
|
|
|
|
|
Less |
TAX (H) |
|
(1.769) |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
|
(3.955) |
0.000 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
Export Sales |
|
21.577 |
0.000 |
|
|
TOTAL
EARNINGS |
|
21.577 |
0.000 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Iris Corporation |
|
0.069 |
0.000 |
|
|
TOTAL
IMPORTS |
|
0.069 |
0.000 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
|
(0.96) |
0.00 |
Expected Sales (2014-2015) : Rs.380.000 Million
The above information has been parted by Mr. Sachin Sohanlal Nahar
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
(2.96) |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
|
9.56 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
(2.05) |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
(0.14) |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
4.05 |
1.85 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.05 |
0.49 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
23.000 |
45.000 |
|
Reserves & Surplus |
0.000 |
(3.955) |
|
Net
worth |
23.000 |
41.045 |
|
|
|
|
|
long-term borrowings |
42.488 |
105.534 |
|
Short term borrowings |
0.000 |
60.548 |
|
Total
borrowings |
42.488 |
166.082 |
|
Debt/Equity
ratio |
1.847 |
4.046 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
0.000 |
133.559 |
|
|
|
|
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
0.000 |
133.559 |
|
Profit |
0.000 |
(3.955) |
|
|
(2.96%) |
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
two years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
-- |
|
14] |
Estimation for coming
financial year |
Yes |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
REVIEW OF OPERATIONS
AND CURRENT OUTLOOK:
The commercial production of FIBC Jumbo Bags project was started during the year. The company is a new entrants into the jumbo bags market and to overcome the initial operation difficulties. Company is framing good customer base in domestic and overseas market hence the full capacity utilization could not made, which has impact on the profitability and the company has incurred loss on net levels. As the product manufactured by the company has also approved in quality test of overseas market which leads to repeated orders from the existing as well new customers. Considering the overwhelming response of the customers, the company has undertaken mini expansion project in the weaving segments by installing new circular looms. The director are also evaluating the various measure to curtain cost of production. The Director are optimistic that due to various steps undertaken by the company the company will report healthy growth in turnover and profitability in current fiscal year.
COMPANY INFORMATION
Subject is a Private Limited company domiciled in India and incorporated under the provision of the Companies Act, 1956. The company is primarily in the Manufacturing and Trading of HDPE, PVC, LDPE and all other types of bags.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
From Director |
23.450 |
2.300 |
|
From Relatives of Directors and shareholders |
19.600 |
4.850 |
|
Total |
43.050 |
7.150 |
|
Note: Terms and Condition for Unsecured Loan The terms of repayment of loan from Directors and its relatives are not being agreed. Accordingly these are classified as Long Term Borrowings |
||
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10519881 |
18/07/2014 |
22,500,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
STATION ROAD, BEAWAR, RAJASTHAN - 305901, INDIA |
C20588463 |
|
2 |
10436109 |
28/11/2014 * |
77,500,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
STATION ROAD, STATION ROAD, RAJASTHAN - 305901, INDIA |
C40827024 |
|
3 |
10419374 |
18/02/2013 |
76,000,000.00 |
STATE BANK OF BIKANER AND JAIPUR |
STATION ROAD, BEAWAR, RAJASTHAN - 305901, INDIA |
B73075723 |
* Date of charge modification
FIXED ASSETS
- Land
- Building
- Electrical Goods
- Furniture and Fixtures
- Samsung LED
- Air Conditioner
- Plant and Machinery
- Continous Process Plant
- Tape Extrusion Line
- Transformer
- Office Equipment
- Vehicle
- Building construction
- Electric Goods
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.64.05 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information Gathered
by : |
NYA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
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 |
|
29 |
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.