MIRA INFORM REPORT
|
Report No. : |
322085 |
|
Report Date : |
12.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
E-CON PACKAGING PRIVATE LIMITED (w.e.f 12.03.2011) |
|
|
|
|
Formerly known
as : |
PREMIER HOLLOWARES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Rikhav Ground Floor, R.A. Kidwal Marg, Next To Uganda, Petrol Pump
Wadala West, Mumbai-400031, Maharashtra |
|
Tel no. : |
91-22-24160002 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of Incorporation
: |
24.02.1997 |
|
|
|
|
Com. Reg. No.: |
11-106121 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.17.502 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U28129MH1997PTC106121 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP16021F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP6458N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject engaged in the business of manufacturing,
assembling, repairing, re-conditioning, buying selling, importing, exporting,
distributing, in all kinds and descriptions of steel barrels drums and
containers and its components |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. For the financial year ended 2014, the company has performance decent and
it has achieved topline growth of 11.30% and it has maintained profitability
margins at 5.07%. Rating also takes into consideration established track record of
business operations and healthy financial risk profile pf the company. Trade relations are fair. Business is active. Payments are reported to
be usually correct. The company 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.
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 DENIED BY
|
Name : |
Mr. Sandip Parekh |
|
Designation : |
Account Manager |
|
Contact No.: |
91-22-24160002 |
|
Date : |
05.05.2015 |
LOCATIONS
|
Registered Office : |
Rikhav Ground Floor, R.A. Kidwal Marg, Next To Uganda, Petrol Pump
Wadala West, Mumbai-400031, Maharashtra, India |
|
Tel. No.: |
91-22-24160002 |
|
Fax No.: |
91-22-24156210 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
1080 Kharadpada, Naroli, Silvassa395235 India |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Ramesh Thacker |
|
Designation : |
Director |
|
Address : |
33/5, Sahstra Sadan, Sewri, Wadala Road No.14, Matunga, Mumbai-400019,
Maharashtra, India |
|
Date of Birth/Age : |
25.12.1940 |
|
Date of Appointment : |
24.02.1997 |
|
DIN No.: |
00055769 |
|
|
|
|
Name : |
Mr. Dhiren Thacker |
|
Designation : |
Director |
|
Address : |
33, Sahstra Sadan, Sewri, Wadala Road, Matunga, Mumbai-400019, Maharashtra,
India |
|
Date of Birth/Age : |
04.07.1944 |
|
Date of Appointment : |
24.02.1997 |
|
DIN No.: |
01265490 |
|
|
|
|
Name : |
Mr. Neil Thacker |
|
Designation : |
Director |
|
Address : |
514-B, Amar Kunj, R.P. Masani Road, Matunga, Mumbai, Maharashtra,
India |
|
Date of Birth/Age : |
29.11.1970 |
|
Date of Appointment : |
24.02.1997 |
|
DIN No.: |
01265464 |
|
|
|
|
Name : |
Mr. Hitesh Thacker |
|
Designation : |
Director |
|
Address : |
33/5, Sahstra Sadan, 2nd floor, Sewri, Wadala Road No.14,
Matunga, Mumbai-400019, Maharashtra, India |
|
Date of Birth/Age : |
05.12.1974 |
|
Date of Appointment : |
01.04.2006 |
|
DIN No.: |
00055169 |
KEY EXECUTIVES
|
Name : |
Mr. Sandip Parekh |
|
Designation : |
Account Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Dhiren Thacker |
|
17325 |
|
Ramesh Thacker |
|
17327 |
|
Neel Thacker |
|
17323 |
|
Maniben Thacker |
|
24500 |
|
Sushila Thacker |
|
23101 |
|
Hitesh Thacker |
|
17327 |
|
Meena Thacker |
|
58107 |
|
H. Thackerand Company – Through its partner- Dhiren Tthacker, India |
|
5 |
|
|
|
|
|
Total |
|
175015 |
As on 30.09.2014
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 engaged in the business of manufacturing,
assembling, repairing, re-conditioning, buying selling, importing, exporting,
distributing, in all kinds and descriptions of steel barrels drums and
containers and its components |
||||
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Products : |
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
Not Divulged |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
|
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||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Hinesh R. Doshi and Company Chartered Accountant |
|
Address : |
102, first floor A wing, Rajgir Court 6 Kohinoor Road, Dadar (E),
Mumabi-400014, Maharashtra, India |
|
PAN No.: |
AACHF3118C |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Enterprises which
are owned, or have significant
influence of or are partners
with Key management personnel and their relatives: |
DIN NO. : U15495MH1968PTC014054
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.100/- each |
Rs.25.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
175,015 |
Equity Shares |
Rs.100/-
each |
Rs. 17.502
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 |
17.502 |
17.502 |
17.502 |
|
(b) Reserves & Surplus |
429.561 |
356.883 |
296.869 |
|
(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) |
447.063 |
374.385 |
314.371 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
6.942 |
36.050 |
|
(b) Deferred tax liabilities
(Net) |
13.377 |
15.032 |
15.032 |
|
(c) Other long term
liabilities |
1.098 |
1.836 |
3.984 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
14.475 |
23.810 |
55.066 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
240.531 |
197.433 |
143.387 |
|
(b) Trade payables |
142.894 |
146.002 |
328.490 |
|
(c) Other current liabilities |
38.737 |
56.371 |
71.188 |
|
(d) Short-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Current Liabilities (4) |
422.162 |
399.806 |
543.065 |
|
|
|
|
|
|
TOTAL |
883.700 |
798.001 |
912.502 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
285.180 |
314.102 |
337.577 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.435 |
13.597 |
19.898 |
|
(e) Other Non-current assets |
0.427 |
1.257 |
5.827 |
|
Total
Non-Current Assets |
296.042 |
328.956 |
363.302 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
105.548 |
136.280 |
96.601 |
|
(c) Trade receivables |
347.685 |
296.089 |
255.380 |
|
(d) Cash and cash equivalents |
33.958 |
8.969 |
37.435 |
|
(e) Short-term loans and
advances |
19.802 |
22.878 |
40.878 |
|
(f) Other current assets |
80.665 |
4.829 |
118.906 |
|
Total
Current Assets |
587.658 |
469.045 |
549.200 |
|
|
|
|
|
|
TOTAL |
883.700 |
798.001 |
912.502 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1431.917 |
1286.580 |
1157.135 |
|
|
Other Income |
9.325 |
4.399 |
3.817 |
|
|
TOTAL
(A) |
1441.242 |
1290.979 |
1160.952 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
(B) |
1260.488 |
1118.499 |
1061.095 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (C) |
180.754 |
172.480 |
99.857 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
30.224 |
37.531 |
32.984 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
150.530 |
134.949 |
66.873 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION (F) |
41.451 |
46.112 |
50.302 |
|
|
|
|
|
|
|
|
EXCEPTIONAL ITEM |
0.000 |
0.000 |
1.762 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX (E-F) (G) |
109.079 |
88.837 |
18.333 |
|
|
|
|
|
|
|
Less |
TAX
(I) |
36.401 |
28.823 |
4.625 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX (G-I)
(J) |
72.678 |
60.014 |
13.708 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (K) |
355.159 |
295.145 |
281.437 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (J+K+L-M) |
427.837 |
355.159 |
295.145 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
415.27 |
342.91 |
78.32 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
5.08 |
4.66 |
1.18 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
12.62 |
13.41 |
8.63 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
12.34 |
11.13 |
2.01 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24 |
0.24 |
0.06 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.54 |
0.55 |
0.57 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.39 |
1.17 |
1.01 |
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 |
17.502 |
17.502 |
17.502 |
|
Reserves & Surplus |
296.869 |
356.883 |
429.561 |
|
Net
worth |
314.371 |
374.385 |
447.063 |
|
|
|
|
|
|
long-term borrowings |
36.050 |
6.942 |
0.000 |
|
Short term borrowings |
143.387 |
197.433 |
240.531 |
|
Total
borrowings |
179.437 |
204.375 |
240.531 |
|
Debt/Equity
ratio |
0.571 |
0.546 |
0.538 |
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 |
1157.135 |
1286.580 |
1431.917 |
|
|
|
11.187 |
11.296 |
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 |
1157.135 |
1286.580 |
1431.917 |
|
Profit |
13.708 |
60.014 |
72.678 |
|
|
1.18% |
4.66% |
5.08% |
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 |
No |
|
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 |
No |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
---- |
|
22] |
Litigations that the firm / promoter involved in |
No |
|
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 |
No |
COMPANY INFORMATION:
Subject engaged in the business of manufacturing, assembling, repairing, re-conditioning, buying selling, importing, exporting, distributing, in all kinds and descriptions of steel barrels drums and containers and its components.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Working capital loans from banks |
85.522 |
0.000 |
|
Loan and advances from related parties |
155.009 |
150.187 |
|
|
|
|
|
Total |
240.531 |
150.187 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10490286 |
12/03/2014 |
50,000,000.00 |
YES BANK LIMITED |
9TH FLOOR, NEHRU CENTRE, DISCOVERY OF INDIA,, DR. |
C03817145 |
|
2 |
10145822 |
30/01/2009 |
115,000,000.00 |
CITIBANK N.A. |
CITIGROUP CENTRE,, BANDRA KURLA COMPLEX, BANDRA, |
A58171539 |
|
3 |
10134571 |
05/12/2011 * |
180,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BAN |
B30939268 |
|
4 |
10215209 |
07/12/2011 * |
249,000,000.00 |
CITIBANK N. A. |
TRENT HOUSE, 2ND FLOOR, G BLOCK, PLOT NO.C60, BAN |
B30939540 |
|
5 |
10103517 |
27/02/2012 * |
210,000,000.00 |
CENTRAL BANK OF INDIA |
NAIGAUM BRANCH, NEW HINDMATA CUTPIECE CLOTH MARKET |
B35500685 |
|
6 |
90144048 |
09/05/2008 * |
30,000,000.00 |
CENTRAL BANK OF INDIA |
NAIGAUM BRANCH, NEW HINDMATA CUTPIECE CLOTH MARKET |
A38652293 |
|
7 |
80045581 |
09/05/2008 * |
110,000,000.00 |
CENTRAL BANK OF INDIA |
NAIGAUM BRANCH, NEW HINDMATA CUTPIECE CLOTH MARKET |
A38780359 |
* Date of charge modification
FIXED ASSETS
- Plant and
machinery
- Furniture
- Computer
- Vehicle
- Telephone
- Office
equipment
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.63.58 |
|
|
1 |
Rs.97.99 |
|
Euro |
1 |
Rs.70.53 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
ART |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.