MIRA INFORM REPORT
|
Report No. : |
322438 |
|
Report Date : |
15.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
AAJ
KA ANAND PAPERS LIMITED |
|
|
|
|
Formerly Known
as : |
AAJ KA ANAND PAPERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
365/6, Shivaji Nagar, Aaj Ka Anand Building, Pune – 411005,
Maharashtra |
|
Tel. No.: |
91-20-5534888 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
14.12.1993 |
|
|
|
|
Com. Reg. No.: |
11-034813 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.88.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22110MH1993PLC034813 |
|
|
|
|
IEC No.: |
Not Available |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEA01849B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCA5435D |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Publisher and Distributor of Newspaper and Magazine. |
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|
|
|
No. of Employees
: |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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|
|
Payment Behaviour : |
Slow but correct |
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|
Litigation : |
Clear |
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Comments : |
Subject is a well-established company having moderate track record. The company possesses a weakened financial profile marked by
deteriorated networth base along with stretched working capital intensive
operations. Management has witnessed a significant decline in its revenues as well
as has reported a loss from its operations during FY14. The ratings also take into consideration the relatively small-size of
operations. However, trade relations are fair. Business is active. Payment terms
are reported as slow but correct. In view of experience and established track of the promoters in the
publication business, the subject 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
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating =
BB |
|
Rating Explanation |
Moderate risk of default
regarding timely servicing of financial obligations. |
|
Date |
March 20, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating =
A4+ |
|
Rating Explanation |
Minimal degree of
safety and very high credit risk. |
|
Date |
March 20, 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 : |
Ms. Sushma |
|
Designation : |
Accountant |
|
Contact No.: |
91-20-25534888 |
|
Date : |
13.05.2015 |
LOCATIONS
|
Registered Office : |
365/6, Shivaji Nagar, Aaj Ka Anand Building, Pune – 411005,
Maharashtra, India |
|
Tel. No.: |
91-20-5534888 |
|
Mobile No.: |
91-9822024795 (Mr. Anand) |
|
Fax No.: |
91-20-25533224 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
4000 Sq. Mtr. |
|
Location : |
Owned |
|
|
|
|
Bureau Office : |
Located at: · Mumbai · Nashik · Indore · New Delhi · Ahmedabad · Lucknow |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Anand Shyam Agarwal |
|
Designation : |
Director |
|
Address : |
365, Shivaji Nagar, Aaj Ka Anand Building, Pune – 411005, Maharashtra,
India |
|
Date of Birth/Age : |
11.12.1971 |
|
Qualification : |
Arts Graduate |
|
Date of Appointment : |
14.12.1993 |
|
PAN No.: |
AATPA8343H |
|
DIN No.: |
00028902 |
|
|
|
|
Name : |
Mr. Shyam Gyanichand Agarwal |
|
Designation : |
Director |
|
Address : |
365, Shivaji Nagar, Aaj Ka Anand Building, Pune – 411005, Maharashtra,
India |
|
Date of Birth/Age : |
10.10.1945 |
|
Qualification : |
Inter Science |
|
Date of Appointment : |
14.12.1993 |
|
PAN No.: |
AATPA8345B |
|
DIN No.: |
00029085 |
|
|
|
|
Name : |
Mr. Navin Shyam Agarwal |
|
Designation : |
Director |
|
Address : |
365, Shivaji Nagar, Aaj Ka Anand Building, Pune – 411005, Maharashtra,
India |
|
Date of Birth/Age : |
22.10.1979 |
|
Qualification : |
Commerce Graduate |
|
Date of Appointment : |
15.10.1997 |
|
PAN No.: |
AATPA8344A |
|
DIN No.: |
00029060 |
KEY EXECUTIVES
|
Name : |
Ms. Sushma |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Shyam Gyanichand Agarwal |
|
231545 |
|
Anand Shyam Agarwal |
|
199155 |
|
Navin Shyam Agarwal |
|
156650 |
|
Ritu Anand Agarwal |
|
132100 |
|
Vidya Shyam Agarwal |
|
158550 |
|
Rakesh B Gupta |
|
1000 |
|
Kiran Rakesh Gupta |
|
1000 |
|
Total |
|
880000 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
99.77 |
|
Other top fifty shareholders |
0.23 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Publisher and Distributor of Newspaper and Magazine. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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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
|
Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management. |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Abhay A. Shasti and Associates Chartered Accountants |
|
Address : |
Flat No. 201, 2nd Floor Plot No. 5 , Lotus Residency, Opposite to Lane to Joshi Railway Museum, Near Maruti Service Centre Kothrud, Pune - 411038, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAUFA9809P |
|
|
|
|
Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
|
|
Related Parties : |
Anand-Navin Promoters And Developers Private Limited, India |
CAPITAL STRUCTURE
As on 31.03.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.100/- each |
Rs.100.000 Million |
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
880000 |
Equity Shares |
Rs.100/-
each |
Rs.88.000
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 |
88.000 |
88.000 |
84.000 |
|
(b) Reserves &
Surplus |
733.053 |
843.152 |
730.928 |
|
(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) |
821.053 |
931.152 |
814.928 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
217.193 |
360.737 |
219.226 |
|
(b) Deferred tax
liabilities (Net) |
5.597 |
6.983 |
5.798 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
222.790 |
367.721 |
225.024 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
983.110 |
805.179 |
624.376 |
|
(b) Trade payables |
0.000 |
0.000 |
0.000 |
|
(c) Other current
liabilities |
123.355 |
70.130 |
70.579 |
|
(d) Short-term provisions |
0.000 |
38.337 |
18.450 |
|
Total Current Liabilities
(4) |
1106.465 |
913.646 |
713.405 |
|
|
|
|
|
|
TOTAL |
2150.308 |
2212.518 |
1753.357 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
753.299 |
767.979 |
782.182 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
753.299 |
767.979 |
782.182 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
319.381 |
297.687 |
223.540 |
|
(c) Trade receivables |
1047.595 |
867.565 |
648.850 |
|
(d) Cash and cash
equivalents |
12.242 |
3.831 |
8.964 |
|
(e) Short-term loans and
advances |
17.497 |
275.092 |
89.388 |
|
(f) Other current assets |
0.294 |
0.364 |
0.433 |
|
Total Current Assets |
1397.009 |
1444.540 |
971.175 |
|
|
|
|
|
|
TOTAL |
2150.308 |
2212.518 |
1753.357 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1757.238 |
2144.153 |
1564.208 |
|
|
Other Income |
0.000 |
0.000 |
0.000 |
|
|
TOTAL |
1757.238 |
2144.153 |
1564.208 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
1269.307 |
1673.419 |
1272.925 |
|
|
Purchases of
Stock-in-Trade |
4.900 |
4.415 |
4.335 |
|
|
Employees benefits
expense |
51.151 |
47.064 |
22.250 |
|
|
Other expenses |
353.227 |
119.519 |
55.770 |
|
|
TOTAL |
1678.585 |
1844.417 |
1355.280 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
78.653 |
299.736 |
208.928 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
152.012 |
134.048 |
103.262 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
(73.359) |
165.688 |
105.666 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
14.912 |
15.770 |
7.498 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(88.271) |
149.918 |
98.168 |
|
|
|
|
|
|
|
Less |
TAX |
(1.385) |
46.184 |
26.269 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(86.886) |
103.734 |
71.899 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
(98.73) |
117.88 |
81.70 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
(4.94) |
4.84 |
4.60 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT / Sales) |
(%) |
4.48 |
13.98 |
13.36 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(4.11) |
6.78 |
5.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.11) |
0.16 |
0.12 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.46 |
1.25 |
1.04 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.26 |
1.58 |
1.36 |
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 |
84.000 |
88.000 |
88.000 |
|
Reserves & Surplus |
730.928 |
843.152 |
733.053 |
|
Net worth |
814.928 |
931.152 |
821.053 |
|
|
|
|
|
|
long-term borrowings |
219.226 |
360.738 |
217.193 |
|
Short term borrowings |
624.376 |
805.179 |
983.110 |
|
Total borrowings |
843.602 |
1165.917 |
1200.303 |
|
Debt/Equity ratio |
1.035 |
1.252 |
1.462 |
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 |
1564.208 |
2144.153 |
1757.238 |
|
|
|
37.076 |
(18.045) |
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 |
1564.208 |
2144.153 |
1757.238 |
|
Profit |
71.899 |
103.734 |
(86.886) |
|
|
4.60% |
4.84% |
(4.94%) |
LOCAL AGENCY FURTHER INFORMATION
CURRENT MATURITIES
OF LONG DEBTS
(Rs.
In Million)
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current maturities of long term debt |
63.156 |
48.668 |
0.000 |
|
Total |
63.156 |
48.668 |
0.000 |
|
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 |
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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
Corporate Overview:
Subject is a Leading Publishing House publishing Dailies in Regional Language since last 41 years. The company
Publishes Hindi Daily 'Aaj Ka Anand' and Marathi Daily' Sandhyanand' & English Daily Life 365. Aaj Ka Anand is the only Hindi Daily newspaper published from the whole of Western Maharashtra. All the dailies have its presence in almost all cities in Maharashtra.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and Advances from related parties |
50.324 |
157.637 |
|
Total |
50.324 |
157.637 |
INDEX OF CHARGES
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10532970 |
02/02/2015 * |
1,532,600,000.00 |
SBICAP TRUSTEE COMPANY LIMITED |
202, MAKER TOWER, 'E', CUFFE PARADE, COLABA, MUMBAI - 400005, Maharashtra, INDIA |
C42268359 |
|
2 |
10446918 |
03/09/2013 |
130,000,000.00 |
State Bank of India Industrial Fiance Branch |
2nd floor,Tara
Chambers, Old Pune Mumbai Highway, |
B83981027 |
|
3 |
10430171 |
05/06/2013 |
50,000,000.00 |
State Bank of India Industrial Finance Branch |
Tara Chambers 2nd floor Near Mariaai Policechowky, Old Pune Mumbai Highway, Wakdewadi, Pune - 411003, Maharashtra, INDIA |
B76745884 |
|
4 |
10350650 |
03/11/2012 * |
100,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch,Ground Floor,Axis, House,Bombay Dyeing Mills Compound,PB Marg,Worli, Mumbai - 400025, Maharashtra, INDIA |
B63621940 |
|
5 |
10288685 |
17/04/2012 * |
150,000,000.00 |
State Bank of India Industrial Finance Branch |
Tara Chambers 2nd floor,Near Mariaai Policechowky, Old Pune Mumbai HIghway, Wakdewadi, Pune - 411003, Maharashtra, INDIA |
B38617833 |
|
6 |
10077977 |
10/01/2014 * |
1,070,000,000.00 |
State Bank of India Industrial Finance Branch |
Tara Chambers 2nd floor Near Mariaai Policechowky, Old Pune Mumbai Highway, Wakdewadi, Pune - 411003, Maharashtra, INDIA |
B95341681 |
|
7 |
10066389 |
06/02/2013 * |
950,000,000.00 |
Axis Bank Limited |
Corporate Banking Branch,214/215, City Mall, Ganesh khind Road, Pune - 411007, Maharashtra, INDIA |
B71691562 |
* Date of charge modification
FIXED ASSETS
· Land
· Buildings
· Plant and Equipment
· Furniture and Fixtures
· Vehicles
· Motor vehicles
· Office Equipment
· Computer 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 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.63.83 |
|
|
1 |
Rs.100.64 |
|
Euro |
1 |
Rs.72.87 |
INFORMATION DETAILS
|
Information
Gathered by : |
RKH |
|
|
|
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PNM |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
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 |
|
34 |
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.