MIRA INFORM REPORT
|
Report No. : |
320065 |
|
Report Date : |
16.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
PRAGATI FASHION
PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Shree Sad Guru Heights, Plot No. 455, Bhawani Shankar Road, Dadar West
– 400028, Mumbai, Maharashtra |
|
Tel No : |
91-22-24315651/ 91-22-24315651 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.01.1995 |
|
|
|
|
Com. Reg. No.: |
11-084480 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101MH1995PTC084480 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
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
: |
Exporter, Supplier and Trading of skirts top, T – Shirt, Shirts,
Trousers, Kurtis, Jeans, Sports Wear, Bedroom Nighty, Collar Kurtis, Designer
shirts, etc. |
|
|
|
|
No. of Employees
: |
Not Divulged |
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 |
|
Maximum Credit Limit : |
USD 160000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established having moderate track record. External Borrowing of the company seems to be huge. However, trade relations are fair. Business is active. Payment terms are
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 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Rishabh Gala |
|
Designation : |
Manager |
|
Contact No.: |
91-22-24315651 |
|
Date : |
29.04.2015 |
LOCATIONS
|
Registered Office/
Factory : |
Shree Sad Guru Heights, Plot No. 455, Bhawani Shankar Road, Dadar West
– 400028, Mumbai, Maharashtra |
|
Tel. No.: |
91-22-24315651/ 91-22-24315651 |
|
Mobile No.: |
91-9819276528 (Mr. Rishabh Gala) |
|
Fax No.: |
91-22-24315653 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2014
|
Name : |
Kirti Lakhamshi Shah |
|
Designation : |
Director |
|
Address : |
A/48, Pannalal Terrace, Grant Road X Lane, Mumbai – 400007,
Maharashtra, India |
|
Date of Birth/Age : |
08.11.1968 |
|
Date of Appointment : |
09.01.1995 |
|
DIN No.: |
00493995 |
|
|
|
|
Name : |
Nenshi Hothibhai Shah |
|
Designation : |
Director |
|
Address : |
b/ 51, Pannalal Terrace, Grant Road X Lane, Mumbai – 400007,
Maharashtra, India |
|
Date of Birth/Age : |
22.021956 |
|
Date of Appointment : |
23.08.2007 |
|
|
|
|
Name : |
Pravin Champshi Gala |
|
Designation : |
Director |
|
Address : |
3, K.K.Building, 3rd Floor, 318, Laminglon Road, Grant
Road, Mumbai – 400007, Maharashtra, India |
|
Date of Birth/Age : |
08.06.1956 |
|
Date of Appointment : |
23.08.2007 |
|
DIN No.: |
01709453 |
|
|
|
|
Name : |
Nanji Lakjamshi Shah |
|
Designation : |
Director |
|
Address : |
101, Park View Co. op. Housing Society, Park road, off Malviya Road,
Vile Parle, Mumbai – 400057, Maharashtra , India |
|
Date of Birth/Age : |
17.04.01956 |
|
Date of Appointment : |
01.10.2009 |
|
DIN No.: |
00494073 |
KEY EXECUTIVES
|
Name : |
Mr. Rishabh Gala |
|
Designation : |
Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Kirti Lakhamshi Shah |
25000 |
|
Nenshi Hothibhai Shah |
14999 |
|
Pravin Champshi Gala |
10000 |
|
Nanji Lakjamshi Shah |
15000 |
|
Amruta Shah |
4999 |
|
Mr. Rishabh Gala |
5000 |
|
Champshi Gala |
5000 |
|
Rashesh Gala |
4999 |
|
Paresh Shah |
4999 |
|
Velji Shah |
4999 |
|
Rajiv Gala |
4999 |
|
Kusum Shah jointly with Paresh Shah |
1 |
|
Venlaben Nenshi Shah jointly with Nenshi Hothibhai Shah |
1 |
|
Panbai Gala jointly with Amruta Shah |
1 |
|
Priyanka Gala jointly with Rasesh Shah |
1 |
|
Vanita Shah jointly with Velji Shah |
1 |
|
Hetal Gala jointly with Rajiv Gala |
1 |
|
Total |
100000 |
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 : |
Exporter, Supplier and Trading of Skirts top, T – Shirt, Shirts, Trousers,
Kurtis, Jeans, Sports Wear, Bedroom Nighty, Collar Kurtis, Designer shirts,
etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
M. A. Shah and Company Chartered Accountant |
|
Address : |
202, Jolly Bhavan No.2, New Marine Lines, Mumbai- 400020, Maharashtra,
India |
|
PAN No.: |
ACOPM2825R |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.100/- each |
Rs. 15.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
100000 |
Equity Shares |
Rs.100/-
each |
Rs. 10.000
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 |
10.000 |
10.000 |
10.000 |
|
(b) Reserves & Surplus |
48.138 |
33.963 |
26.571 |
|
(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) |
58.138 |
43.963 |
36.571 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
141.057 |
85.470 |
75.139 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
141.057 |
85.470 |
75.139 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
91.601 |
73.115 |
68.652 |
|
(b) Trade
payables |
184.149 |
104.489 |
77.026 |
|
(c) Other
current liabilities |
7.666 |
3.840 |
3.477 |
|
(d) Short-term
provisions |
0.407 |
0.264 |
0.087 |
|
Total Current
Liabilities (4) |
283.823 |
181.708 |
149.242 |
|
|
|
|
|
|
TOTAL |
483.018 |
311.141 |
260.952 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
8.662 |
6.731 |
2.735 |
|
(ii)
Intangible Assets |
0.353 |
0.393 |
0.068 |
|
(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 |
1.350 |
13.272 |
12.164 |
|
(c) Deferred tax assets (net) |
0.205 |
0.199 |
0.234 |
|
(d) Long-term Loan and Advances |
52.790 |
29.869 |
31.669 |
|
(e) Other
Non-current assets |
0.103 |
0.696 |
0.853 |
|
Total Non-Current
Assets |
63.463 |
51.160 |
47.723 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
124.425 |
73.640 |
77.650 |
|
(c) Trade
receivables |
282.040 |
183.005 |
133.866 |
|
(d) Cash
and cash equivalents |
12.120 |
2.887 |
0.764 |
|
(e) Short-term
loans and advances |
0.000 |
0.000 |
0.000 |
|
(f) Other
current assets |
0.970 |
0.449 |
0.949 |
|
Total
Current Assets |
419.555 |
259.981 |
213.229 |
|
|
|
|
|
|
TOTAL |
483.018 |
311.141 |
260.952 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
TOTAL SALES |
994.000 |
543.700 |
565.500 |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
21.093 |
11.050 |
8.156 |
|
|
|
|
|
|
|
Less |
TAX |
6.917 |
3.657 |
2.514 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
14.176 |
7.393 |
5.642 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
43.105 |
35.713 |
20.929 |
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
57.281 |
43.106 |
26.571 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
141.76 |
73.93 |
56.42 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.43 |
1.36 |
1.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.38 |
3.71 |
3.28 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.36 |
0.25 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.00 |
3.61 |
3.93 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.48 |
1.43 |
1.43 |
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 |
10.000 |
10.000 |
10.000 |
|
Reserves & Surplus |
26.571 |
33.963 |
48.138 |
|
Net
worth |
36.571 |
43.963 |
58.138 |
|
|
|
|
|
|
long-term borrowings |
75.139 |
85.470 |
141.057 |
|
Short term borrowings |
68.652 |
73.115 |
91.601 |
|
Total
borrowings |
143.791 |
158.585 |
232.658 |
|
Debt/Equity
ratio |
3.932 |
3.607 |
4.002 |
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 |
565.500 |
543.700 |
994.000 |
|
|
|
(3.855) |
82.821 |
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 |
565.500 |
543.700 |
994.000 |
|
Profit |
5.642 |
7.393 |
14.176 |
|
|
1.00% |
1.36% |
1.43% |
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 |
No |
|
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 |
No |
|
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
RESULTS OF
OPERATIONS:
During the Year under review the Company has achieved a Turnover of Rs.
994.000 Million, against Rs. 543.700 Million in previous year. The Company
earned Profit after tax of Rs. 141.830 Million as compare to Rs. 7.392 Million
in the previous year. Turnover is drastically increased by Rs. 450.300 Million
compare to the previous year’s figures. However the Company has completed one
year at its Business operation to a bigger, better and beautiful location. So
in the upcoming year they expect the company shall perform better on sales and
profit front. It also shall step ahead in strengthening its Brand Image in the
year to come.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loan and Advances from Related Parties |
138.274 |
84.524 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10554765 |
07/03/2015 |
45,000,000.00 |
The Cosmos Co-op Bank Limited |
Horizon Building, 1st floor, Ranade Road,, Gokhal |
C46516621 |
|
2 |
10500502 |
22/05/2014 |
30,000,000.00 |
The Cosmos Co- operative Bank Ltd |
Dadar Branch ,36A, Maru Niketan, D L Vaidya Road |
C05798806 |
|
3 |
10468611 |
02/12/2013 |
378,000.00 |
The Cosmos Co- operative Bank Ltd |
Dadar Branch ,36A, Maru Niketan, D L Vaidya Road |
B92898550 |
|
4 |
10424976 |
29/04/2013 |
15,000,000.00 |
The Cosmos Co-op Bank Ltd |
Dadar Branch ,36A, Maru Niketan, D L Vaidya Road |
B74882572 |
|
5 |
10309986 |
05/09/2011 |
15,000,000.00 |
The Cosmos Co-op Bank Ltd |
Dadar Branch 36A Maru Niketan, D L Vaidya Road Da |
B22459762 |
|
6 |
10283810 |
05/04/2011 |
1,585,000.00 |
The Cosmos Co - Operative Bank Limited |
36A, Maru Niketan, D L Vaidya Road, Dadar West,, M |
B11596020 |
|
7 |
10080296 |
27/08/2014 * |
150,000,000.00 |
The Cosmos Co- operative Bank Ltd |
Dadar Branch ,Horizon Building, 1st floor, Ranade |
C21786991 |
* Date of charge modification
FIXED ASSETS
- Furniture and
Fixtures
- Vehicle
- Office
Equipments
- Computers
- Computer
Software
- Carton
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 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.63.57 |
|
|
1 |
Rs.100.29 |
|
Euro |
1 |
Rs.72.37 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DDD |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--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
unfavorable 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.