MIRA INFORM REPORT
|
Report No. : |
321704 |
|
Report Date : |
11.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
GFLURO COATINGS
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
205, Primet House, Opposite Gaurmo Restauranit, Judges Road, Bodakdev Ahmedabad – 380054, Gujarat |
|
Tel. No.: |
91-79-40030600 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 |
|
|
|
|
Date of
Incorporation : |
15.03.2011 |
|
|
|
|
Com. Reg. No.: |
04-064456 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 2.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24220GJ2011PTC064456 |
|
|
|
|
IEC No.: |
0811008169 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
AHMG04832C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAECG1893N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in business of import of coating liquids and doing local
and export sales |
|
|
|
|
No. of Employees
: |
11 (Approximately) [In office =
6, In factory = 5] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. The company has witnessed a decent increase in its turnover but the
profit margin has declined. However, liquidity position is fair. The rating
also takes into account favourable gap between trade receivables and payables
during FY2014. Trade relations reported to be fair. Business is active. Payments are
reported to be slow but correct. Subject can be considered for 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.
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 : |
Mr. Anupam Gandhi |
|
Designation : |
Director |
|
Contact No.: |
91-9099943106 |
|
Date : |
09.05.2015 |
LOCATIONS
|
Registered Office : |
205, Primet House, Opposite Gaurmo Restauranit, Judges Road, Bodakdev Ahmedabad – 380054, Gujarat,
India |
|
Tel. No.: |
91-79-40030600 |
|
Mobile No.: |
91-9099943106 (Mr. Anupam Gandhi) |
|
Fax No.: |
91-79-40030600 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1000 Sq.ft |
|
Location : |
Owned |
|
|
|
|
Head Office : |
127/128, shivam Industrial Park, Opposite Sarvoday Hotel, Parikh
Packaging Road, Off. N.H.No. 8A, changodar, Ahmedabad – 382213, Gujarat,
India |
|
Area : |
3267 Sq. ft. |
|
Location : |
Owned |
DIRECTORS
As on 08.09.2014
|
Name : |
Mr. Anupam T. Gandhi |
|
Designation : |
Director |
|
Address : |
B – 401, Pushparaj Tower, Near Pandurang Society, Judges Road,
Bodakdev, Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
12.01.1954 |
|
Qualification : |
Chemical Engineer, Diploma Industrial and Business Management,
Chartered Engineer |
|
Experience : |
35 Years |
|
Date of Appointment : |
15.03.2011 |
|
DIN No.: |
00331989 |
|
PAN No. : |
AECPG9239F |
|
|
|
|
Name : |
Mrs. Pallavi A. Gandhi |
|
Designation : |
Director |
|
Address : |
B – 401, Pushparaj Tower, Near Pandurang Society, Judges Road,
Bodakdev, Ahmedabad – 380054, Gujarat, India |
|
Date of Birth/Age : |
25.01.1956 |
|
Qualification : |
Ba. LLB |
|
Experience : |
10 Years |
|
Date of Appointment : |
21.03.2012 |
|
DIN No.: |
05175061 |
|
PAN No. : |
ADXPG5896N |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 08.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Anupam Thakorlal Gandhi |
|
130000 |
|
Pallavi Anupam Gandhi |
|
110000 |
|
Aarti Anupam Gandhi |
|
5000 |
|
Miti Anupam Gandhi |
|
5000 |
|
|
|
|
|
Total |
|
250000 |
As on 08.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in business of import of coating liquids and doing
local and export sales |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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|
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Exports : |
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Products : |
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|
Countries : |
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|
|
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Imports : |
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|
Products : |
|
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Credit (30/60/120 Days) |
|
|
|
|
Purchasing : |
Credit (30/60/120 Days) |
PRODUCTION STATUS = NOT AVAILABLE
|
Particulars |
Licensed
Capacity |
Actual
Production |
|
Fluro Polymers Coating andApplication |
5 MT |
4MT |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Customers : |
Wholesalers, OEM’s and Others
|
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No. of Employees : |
11 (Approximately) [In office =
6, In factory = 5] |
||||||||||||||||||||||
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ABankers : |
|
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Patel & Patel Associates Chartered Accountant |
|
Address : |
B/306, 'Rudra Arcade', Drive In Road, Ahmedabad – 380052, Gujarat,
India |
|
Tel. No.: |
91-79-27412193/94 |
|
Mobile No.: |
91-9825097572 |
|
E-Mail : |
|
|
PAN No.: |
AAHFP2929A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Aailable |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 08.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs. 2.500
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2015 (Provided by
Management) |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
2.500 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
2.255 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
4.755 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
1.772 |
|
|
2] Unsecured Loans |
|
|
1.327 |
|
|
TOTAL BORROWING |
|
|
3.099 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.854 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
4.730 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.911 |
|
|
Sundry Debtors |
|
|
2.265 |
|
|
Cash & Bank Balances |
|
|
0.047 |
|
|
Other Current Assets |
|
|
0.453 |
|
|
Loans & Advances |
|
|
0.006 |
|
Total
Current Assets |
|
|
3.682 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.254 |
|
|
Provisions |
|
|
0.320 |
|
Total
Current Liabilities |
|
|
0.574 |
|
|
Net Current Assets |
|
|
3.108 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.016 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
7.854 |
|
|
SOURCES
OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.500 |
2.000 |
|
(b) Reserves & Surplus |
|
1.689 |
1.225 |
|
(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) |
|
4.189 |
3.225 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.937 |
0.289 |
|
(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) |
|
0.937 |
0.289 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
0.877 |
0.869 |
|
(c) Other current liabilities |
|
2.608 |
4.929 |
|
(d) Short-term provisions |
|
0.284 |
0.401 |
|
Total
Current Liabilities (4) |
|
3.769 |
6.199 |
|
|
|
|
|
|
TOTAL |
|
8.895 |
9.713 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
2.813 |
0.081 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(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) |
|
0.016 |
0.023 |
|
(d) Long-term Loan and Advances |
|
0.069 |
0.102 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
Total
Non-Current Assets |
|
2.898 |
0.206 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1.615 |
3.353 |
|
(c) Trade receivables |
|
2.372 |
4.705 |
|
(d) Cash and cash equivalents |
|
0.911 |
0.748 |
|
(e) Short-term loans and
advances |
|
1.099 |
0.623 |
|
(f) Other current assets |
|
0.000 |
0.078 |
|
Total
Current Assets |
|
5.997 |
9.507 |
|
|
|
|
|
|
TOTAL |
|
8.895 |
9.713 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2015 (Provided by Management) |
31.03.2014 |
31.03.2013 |
|
|
SALES |
|
|
|
|
|
Income |
10.173 |
100.219 |
31.520 |
|
|
Other Income |
0.254 |
0.236 |
0.096 |
|
|
TOTAL
(A) |
10.427 |
100.455 |
31.616 |
|
|
|
Due
To Market Fluctuation |
||
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
0.000 |
0.000 |
|
|
Purchases of Stock-in-Trade |
|
94.919 |
28.374 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
1.738 |
(1.619) |
|
|
Employees benefits expense |
|
1.399 |
1.315 |
|
|
Other expenses |
|
1.611 |
2.473 |
|
|
TOTAL
(B) |
9.330 |
99.667 |
30.543 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
1.097 |
0.788 |
1.073 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.077 |
0.025 |
0.063 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.020 |
0.763 |
1.010 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
0.204 |
0.073 |
0.038 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
0.816 |
0.690 |
0.972 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
0.250 |
0.644 |
0.330 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
0.566 |
0.046 |
0.642 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
00.681 |
0.245 |
3.635 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
0.23 |
1.95 |
7.72 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2015 |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT/Sales) |
(%) |
5.56 |
0.045 |
2.04 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
10.78 |
0.78 |
3.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
9.19 |
11.51 |
10.03 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.19 |
0.16 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.22 |
0.22 |
0.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.59 |
1.59 |
1.53 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
2.000 |
2.500 |
2.500 |
|
Reserves & Surplus |
1.225 |
1.689 |
2.255 |
|
Net
worth |
3.225 |
4.189 |
4.755 |
|
|
|
|
|
|
Secured borrowing |
0.289 |
0.937 |
1.772 |
|
Unsecured Borrowing |
0.000 |
0.000 |
1.327 |
|
Total
borrowings |
0.289 |
0.937 |
3.099 |
|
Debt/Equity
ratio |
0.090 |
0.224 |
0.652 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
31.520 |
100.219 |
10.173 |
|
|
|
217.954 |
(89.849) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
31.520 |
100.219 |
10.173 |
|
Profit |
0.642 |
0.046 |
0.566 |
|
|
2.04% |
0.05% |
5.56% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITY
OF LONG TERM DEBT = NOT AVAILABLE
|
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% |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
Trade References
- Unique Cookware India Private Limited,
Mumbai
- Reliable Corporation, Mumbai
- Minol Coatings Private Limited, Surat
- Thanavala Associates, Mumbai
- Reliable Polymers Industries, Mumbai
- Amba Industries, Mumbai
- PMB Enterprises, Faridabad
- Shiva Metal Industries, Orissa
- Nay Polymers, Vapi
- Mahavir International, Mumbai
- Neta Enterprises, Mumbai
- Shree Ganesh Home Appliance Private
Limited, Mumbai
- Anjali Kitchenware Private Limited,
Mumbai
- Ganesh Impex, Chennai
- Primo Enterprises, Delhi
INDEX OF CHARGES: NO
CHARGES EXIST FOR THE COMPANY
FIXED ASSETS
- Plant and Equipment
- Computer
- Furniture and Fixture
- Refrigerator
- Office Equipment
- Telephone
- Godown Machine
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 records 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.64.04 |
|
|
1 |
Rs.99.04 |
|
Euro |
1 |
Rs.71.76 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
41 |
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.