MIRA INFORM REPORT
|
Report No. : |
322018 |
|
Report Date : |
13.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
LEKHRAJ CORP PRIVATE LIMITED (w.e.f. 23.08.2012) |
|
|
|
|
Formerly Known
As : |
LEKHRAJ
CORP LIMITED |
|
|
|
|
Registered
Office : |
Sidhwa House, Colaba Fire Station, N A Sawant Marg, Colaba, Mumbai –
400005, Maharashtra |
|
Tel. No.: |
91-22-22839707 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
18.06.2012 |
|
|
|
|
Com. Reg. No.: |
232307 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74120MH2012PTC232307 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is engaged in manufacturing and retail trade of readymade garments and accessories. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. As per the directors report, during the year under review company has achieved
a turnover of Rs.660.700 Million as compared to Rs.404.100 Million in the
previous period registering an increase of 63.51%. The rating takes into consideration, company’s moderate financial risk
profile marked by low profitability levels and huge external borrowing taken
by the company, which acts as threatening to liquidity position of the
company. The rating also takes note of the unfavourable gap between trade
receivables and payables of the company. However, trade relations are reported to be fair. Business is active.
Payment 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.
EXTERNAL AGENCY RATING
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. Manoj |
|
Designation : |
Finance Manager |
|
Contact No.: |
91-22-22839707 |
|
Date : |
11.05.2015 |
LOCATIONS
|
Registered Office : |
Sidhwa House, Colaba Fire Station, N A Sawant Marg, Colaba, Mumbai –
400005, Maharashtra, India |
|
Tel. No.: |
91-22-22839707 |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 12.09.2014
|
Name : |
Mr. Lavin Bhagwan Lekhraj |
|
Designation : |
Director |
|
Address : |
6, Prem court, Dinsha Vacha Road, Churchgate, Mumbai-400020, Maharashtra,
India |
|
Date of Birth/Age : |
09.05.1967 |
|
Date of Appointment : |
18.06.2012 |
|
DIN No.: |
03514909 |
|
|
|
|
Name : |
Mr. Sanjeev Rajan Lekhraj |
|
Designation : |
Director |
|
Address : |
Flat No.51, Hassa Mahal, 5th Floor, Dalamal Park, Cuffe
Parade, Mumbai – 400005, Maharashtra, India |
|
Date of Birth/Age : |
27.11.1971 |
|
Date of Appointment : |
18.06.2012 |
|
DIN No.: |
03514905 |
|
|
|
|
Name : |
Mr. Praveen Rajan Lekhraj |
|
Designation : |
Director |
|
Address : |
Flat No.51, Hassa Mahal, 5th Floor, Dalamal Park, Cuffe
Parade, Mumbai – 400005, Maharashtra, India |
|
Date of Birth/Age : |
04.04.1977 |
|
Date of Appointment : |
18.06.2012 |
|
DIN No.: |
03515354 |
|
|
|
|
Name : |
Malvika Bhagwan Lekhraj |
|
Designation : |
Director |
|
Address : |
6, Prem court, Dinsha Vacha Road, Churchgate, Mumbai-400020,
Maharashtra, India |
|
Date of Birth/Age : |
18.10.1972 |
|
Date of Appointment : |
12.09.2014 |
|
DIN No.: |
03515978 |
KEY EXECUTIVES
|
Name : |
Mr. Manoj |
|
Designation : |
Finance Manager |
MAJOR SHAREHOLDERS
As on 12.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Bhagwan Narain Lekhraj |
|
44500 |
|
Ashok Naraindas Lekhraj |
|
191500 |
|
Lavin Bhagwan Lekhraj |
|
85000 |
|
Prakash Narain Lekhraj |
|
191500 |
|
Saroj Anil Kakodker |
|
200000 |
|
Shalini Rajan Lekhraj |
|
117500 |
|
Rajan Naraindas Lekhraj |
|
57500 |
|
Sanjeev Rajan Lekhraj |
|
8250 |
|
Praveen Rajan Lekhraj |
|
8250 |
|
Malvika Kalianwala Jointly with Marzadi Kanlinwala |
|
8250 |
|
Bhagwan Narain Lekhraj with Amarjyoti Lekhraj |
|
15500 |
|
Rajan Narain Lekhraj with Shalini Lekhraj |
|
4250 |
|
Shalini Rajan Lekhraj with Rajan Lekhraj |
|
4250 |
|
Prakash Narain Lekhraj with kamal Lekhraj |
|
8500 |
|
Jaya Nathani with Shabnam Shah |
|
4250 |
|
Shabnam with Jaya Nathani |
|
4250 |
|
Malvika Kalianwala |
|
46750 |
|
Total |
|
1000000 |
As on 18.12.2014
|
Names of Allottees |
|
No. of Allotted |
|
Bhagwan Narain Lekhraj |
|
178000 |
|
Ashok Naraindas Lekhraj |
|
766000 |
|
Lavin Bhagwan Lekhraj |
|
340000 |
|
Prakash Narain Lekhraj |
|
766000 |
|
Saroj Anil Kakodker |
|
800000 |
|
Shalini Rajan Lekhraj |
|
470000 |
|
Rajan Naraindas Lekhraj |
|
230000 |
|
Sanjeev Rajan Lekhraj |
|
33000 |
|
Praveen Rajan Lekhraj |
|
33000 |
|
Malvika Kalianwala Jointly with Marzadi Kanlinwala |
|
33000 |
|
Bhagwan Narain Lekhraj with Amarjyoti Lekhraj |
|
62000 |
|
Rajan Narain Lekhraj with Shalini Lekhraj |
|
17000 |
|
Shalini Rajan Lekhraj with Rajan Lekhraj |
|
17000 |
|
Prakash Narain Lekhraj with kamal Lekhraj |
|
34000 |
|
Jaya Nathani with Shabnam Shah |
|
17000 |
|
Shabnam with Jaya Nathani |
|
17000 |
|
Malvika Kalianwala |
|
187000 |
|
Total |
|
4000000 |
Equity Share Break up (Percentage of Total Equity)
As on 12.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in manufacturing and retail trade of readymade garments and accessories. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (30/60/90 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30/60/90 Days) |
PRODUCTION STATUS = NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
50 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Auditors : |
|
|
Name : |
M. B. Advani and Company Chartered Accountants |
|
Address : |
302 & 304 - B, Neelkanth, 98, Marine Drive, Mumbai-400002,
Maharashtra, India |
|
Tel. No.: |
91-22-22812817/ 22816807 |
|
Fax No.: |
91-22-22810807 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABPA0115F |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concern : |
Finewear Exports Private Limited |
CAPITAL STRUCTURE
As on 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000
Million |
As on 12.09.2014
Authorized Capital: Rs.50.000 Million
Issued, Subscribed & Paid-up Capital: Rs.50.000
Million
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
18.06.2012 to 31.03.2013 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
10.000 |
1.500 |
|
(b) Reserves & Surplus |
|
8.754 |
1.362 |
|
(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) |
|
18.754 |
2.862 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
186.578 |
168.615 |
|
(b) Deferred tax liabilities (Net) |
|
0.559 |
0.139 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
187.137 |
168.754 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
|
61.259 |
51.904 |
|
(b) Trade
payables |
|
57.164 |
10.040 |
|
(c) Other
current liabilities |
|
14.370 |
10.348 |
|
(d) Short-term
provisions |
|
12.573 |
7.004 |
|
Total Current
Liabilities (4) |
|
145.366 |
79.296 |
|
|
|
|
|
|
TOTAL |
|
351.257 |
250.912 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
82.582 |
71.110 |
|
(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 |
|
0.338 |
0.338 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
32.729 |
25.845 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
115.649 |
97.293 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
198.319 |
118.669 |
|
(c) Trade
receivables |
|
29.280 |
27.692 |
|
(d) Cash
and cash equivalents |
|
4.807 |
3.253 |
|
(e)
Short-term loans and advances |
|
3.202 |
4.005 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
235.608 |
153.619 |
|
|
|
|
|
|
TOTAL |
|
351.257 |
250.912 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
18.06.2012 to 31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue |
|
660.780 |
386.983 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
NA |
NA |
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
46.767 |
25.368 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
27.447 |
17.013 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
19.320 |
8.355 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
8.485 |
6.237 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
|
10.835 |
2.118 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
|
3.442 |
0.756 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
|
7.393 |
1.362 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
7.39 |
9.08 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
850.000 |
|
|
|
|
|
The above information has been parted by Mr. Manoj (Finance Manager)
KEY RATIOS
|
PARTICULARS |
|
|
31.03.2014 |
18.06.2012 to 31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
|
1.12 |
0.35 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
|
7.08 |
6.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
3.09 |
0.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
0.58 |
0.74 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
|
13.22 |
77.05 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
1.62 |
1.94 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
18.06.2012 to 31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Share Capital |
1.500 |
10.000 |
|
Reserves & Surplus |
1.362 |
8.754 |
|
Net worth |
2.862 |
18.754 |
|
|
|
|
|
long-term borrowings |
168.615 |
186.578 |
|
Short term borrowings |
51.904 |
61.259 |
|
Total borrowings |
220.519 |
247.837 |
|
Debt/Equity ratio |
77.051 |
13.215 |
YEAR-ON-YEAR GROWTH
|
Year on Year Growth |
18.06.2012 to 31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
386.983 |
660.780 |
|
|
|
70.752 |
NET PROFIT MARGIN
|
Net Profit Margin |
18.06.2012 to 31.03.2013 |
31.03.2014 |
|
|
(Rs. In Million) |
(Rs. In Million) |
|
Sales |
386.983 |
660.780 |
|
Profit |
1.362 |
7.393 |
|
|
0.35% |
1.12% |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG-TERM DEBT DETAILS = 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 |
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 |
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 |
No |
|
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 |
-- |
|
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 |
Note: Registered address has been shifted from the 207, Ramnimi Building
8, Mandlik Road, Colaba, Mumbai – 400001, Maharashtra India to the present
address w.e.f. 01.04.2013.
PERFORMANCE,
OPERATION AND FUTURE PROSPECTS
During the year the company achieved a turnover of Rs.660.780 Million
compared to Rs.404.118 Million in the previous period registering an increase
of 63.51%. The Turnover of the company showed a positive growth for the year.
Profit before interest, depreciation and tax in 2013-2014 has increased
from Rs. 25.368 Million to Rs.46.766 Million as compared to the previous
period.
After providing for interest of Rs. 27.447 Million (Rs.17.013 Million in
previous period) and depreciation of Rs.8.485 Million (Rs.6.237 Million in
previous period), the profit before tax of the company has increased from
Rs.2.117 Million to Rs.10.834 Million as compared to previous period.
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loans and advances from related parties |
186.078 |
167.050 |
|
other loans and advances |
0.500 |
0.500 |
|
Total |
186.578 |
167.550 |
INDEX OF CAHREGS:
|
S. NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10450863 |
18/02/2015 * |
100,000,000.00 |
Citi Bank N.A. |
First International Financial Centre, Plot No. C - 54 & 55, G- Block, Bandra (E), Mumbai - 400051, Maharashtra, INDIA |
C46173886 |
* Date of charge modification
FIXED ASSETS:
- Building
- Plant and Machinery
- Furniture and Fixture
- Vehicles
- Computer
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.64.18 |
|
|
1 |
Rs.100.57 |
|
Euro |
1 |
Rs.72.07 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
2 |
|
--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 |
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 |
|
28 |
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.