MIRA INFORM REPORT
|
Report No. : |
322665 |
|
Report Date : |
22.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
SIMPLEX CHEMOPACK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
N-1 and 2, M.I.D.C., Hingna Road, Nagpur – 440016, Maharashtra |
|
Tel. No.: |
91-7104-237802/ 602 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
13.09.1984 |
|
|
|
|
Com. Reg. No.: |
11-034009 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 29.754 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24100MH1984PTC034009 |
|
|
|
|
TIN No.: |
0388144416 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
NGPS04871G/ NGPS01477A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCS5290F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
The company is engaged in the business of manufacturing and exports of FIBC’s, Woven Polypropylene bags, Geo textiles and Woven polypropylene Fabrics. |
|
|
|
|
No. of Employees
: |
(Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 380000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Management has reported 28% increase in sales turnover during FY 2014.
Subject has good amount of reserves. Also rating takes into consideration
favourable gap between receivables and payables of the company. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. In the view of experienced promoters, subject can be considered normal
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
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
|
Name : |
Mr. Shridhart |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9923818240 |
|
Date : |
15.05.2015 |
LOCATIONS
|
Registered Office / Factory : |
N-1 and 2, M.I.D.C., Hingna Road, Nagpur – 440016, Maharashtra, India |
|
Tel. No.: |
91-7104-237802/ 602 |
|
Mobile No.: |
91-9823221119 (Mr. Gaurav Damodar Sarda) 91-9923818240 (Mr. Shridhart) |
|
Fax No.: |
91-7104-232593 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Gaurav Damodar Sarda |
|
Designation : |
Director |
|
Address : |
302, The Heritage Near MLA Hostel, Civil Lines, Nagpur - 440001, Maharashtra, India |
|
Date of Birth/Age : |
25.11.1985 |
|
Date of Appointment : |
26.08.2006 |
|
DIN No.: |
00665480 |
|
|
|
|
Name : |
Mr. Damodar Govindlal Sarda |
|
Designation : |
Director |
|
Address : |
302, The Heritage Near MLA Hostel, Civil Lines, Nagpur - 440001, Maharashtra, India |
|
Date of Birth/Age : |
06.06.1961 |
|
Date of Appointment : |
01.09.2002 |
|
DIN No.: |
00818664 |
|
|
|
|
Name : |
Mr. Kunjan Sarda |
|
Designation : |
Director |
|
Address : |
302, The Heritage Near MLA Hostel, Civil Lines, Nagpur - 440001, Maharashtra, India |
|
Date of Birth/Age : |
27.08.1989 |
|
Date of Appointment : |
01.08.2010 |
|
DIN No.: |
03147795 |
KEY EXECUTIVE
|
Name : |
Mr. Shridhart |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Madhu Sarda |
26400 |
8.87 |
|
Damodar Sarda |
83247 |
27.98 |
|
Rosemary Vyapaar Private Limited. India |
145000 |
48.73 |
|
Gaurav Sarda |
7800 |
2.62 |
|
Kunjan Sarda |
5688 |
1.91 |
|
Divya Sarda |
12000 |
4.03 |
|
Damodar Sarda (HUF) |
8400 |
2.82 |
|
Mahesh Shah |
9003 |
3.03 |
|
Total |
297538 |
100.00 |
As on 30.09.2014
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Bodies corporate |
48.73 |
|
Directors or relatives of Directors |
48.25 |
|
Others |
3.02 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is engaged in the business of manufacturing and exports of FIBC’s, Woven Polypropylene bags, Geo textiles and Woven polypropylene Fabrics. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Advance Payment |
|
|
|
|
Purchasing : |
L/C |
PRODUCTION STATUS (AS ON 31.03.2014)
|
Particulars |
Unit |
Installed
Capacity |
|
HDPE/ PP Tapes |
MT |
6800 |
|
Woven Sacks and Fabrics |
MT |
6200 |
|
Particulars |
Unit |
Actual
Production |
|
Fabrics – Unlamented |
M. Tonners |
5970.73 |
|
Fabrics – Laminated |
M. Tonners |
2507.22 |
|
Tape |
M. Tonners |
5833.63 |
|
Thread / Yarn |
M. Tonners |
-- |
|
Woven Sacks |
M. Tonners |
4471.35 |
|
Printed Film |
M. Tonners |
-- |
|
Wastage |
M. Tonners |
418.08 |
|
Polythene Bag |
M. Tonners |
-- |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
(Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Gandhi Rathi and Company Chartered Accountants |
|
Address : |
Parekh Centre, 3rd Floor, Opposite Daga Hospital,
Gandhibagh, Nagpur – 440002, Maharashtra, India |
|
Tel. No.: |
91-712-2766732 |
|
Fax No.: |
91-712-2764207 |
|
PAN No.: |
AASPG9977A |
|
|
|
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Companies in which
company or its director have substantial interest : |
|
|
|
|
|
Subsidiaries : |
Complex Plastic Industries Private Limited [U25209MH1984PTC034257] |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.100/- each |
Rs.30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
297538 |
Equity Shares |
Rs.100/-
each |
Rs.29.754
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 |
29.754 |
29.754 |
29.754 |
|
(b) Reserves &
Surplus |
104.133 |
90.475 |
77.931 |
|
(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) |
133.887 |
120.229 |
107.685 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
73.089 |
47.141 |
33.307 |
|
(b) Deferred tax
liabilities (Net) |
12.161 |
11.066 |
8.783 |
|
(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) |
85.250 |
58.207 |
42.090 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
152.650 |
133.906 |
107.515 |
|
(b) Trade payables |
58.274 |
45.024 |
28.155 |
|
(c) Other current
liabilities |
12.390 |
11.851 |
11.823 |
|
(d) Short-term provisions |
12.885 |
7.661 |
6.662 |
|
Total Current Liabilities
(4) |
236.199 |
198.442 |
154.155 |
|
|
|
|
|
|
TOTAL |
455.336 |
376.878 |
303.930 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
129.092 |
120.763 |
102.504 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.250 |
0.000 |
1.179 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
1.000 |
1.000 |
1.000 |
|
(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 |
3.315 |
2.581 |
2.012 |
|
Total Non-Current Assets |
133.657 |
124.344 |
106.695 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
75.197 |
53.713 |
49.195 |
|
(c) Trade receivables |
197.667 |
153.463 |
106.952 |
|
(d) Cash and cash
equivalents |
37.948 |
12.198 |
9.190 |
|
(e) Short-term loans and
advances |
0.000 |
0.000 |
0.000 |
|
(f) Other current assets |
10.867 |
33.160 |
31.898 |
|
Total Current Assets |
321.679 |
252.534 |
197.235 |
|
|
|
|
|
|
TOTAL |
455.336 |
376.878 |
303.930 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
848.370 |
661.322 |
476.604 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
47.718 |
39.885 |
28.775 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.098 |
16.326 |
13.344 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
26.620 |
23.559 |
15.431 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
6.449 |
5.650 |
4.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
20.171 |
17.909 |
10.931 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
6.513 |
5.364 |
3.378 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
13.658 |
12.545 |
7.553 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
525.575 |
327.781 |
99.196 |
|
|
TOTAL EARNINGS |
525.575 |
327.781 |
99.196 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
149.265 |
147.709 |
83.075 |
|
|
|
Capital Goods |
0.784 |
0.000 |
0.000 |
|
|
TOTAL IMPORTS |
150.049 |
147.709 |
83.075 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
45.90 |
42.16 |
25.39 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
The above information has been parted by Mr. Shridhart
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
12.390 |
11.851 |
11.823 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin |
(%) |
1.61 |
1.90 |
1.58 |
|
|
|
|
|
|
|
Operating Profit Margin |
(%) |
94.38 |
93.97 |
93.96 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.44 |
4.76 |
3.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.15 |
0.15 |
0.10 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.78 |
1.60 |
1.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.36 |
1.27 |
1.28 |
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 |
29.754 |
29.754 |
29.754 |
|
Reserves & Surplus |
77.931 |
90.475 |
104.133 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
107.685 |
120.229 |
133.887 |
|
|
|
|
|
|
long-term borrowings |
33.307 |
47.141 |
73.089 |
|
Short term borrowings |
107.515 |
133.906 |
152.650 |
|
Current Maturities of
Long Term Debt |
11.823 |
11.851 |
12.390 |
|
Total borrowings |
152.645 |
192.898 |
238.129 |
|
Debt/Equity ratio |
1.418 |
1.604 |
1.779 |
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 |
476.604 |
661.322 |
848.370 |
|
|
|
38.757 |
28.284 |
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 |
476.604 |
661.322 |
848.370 |
|
Profit |
7.553 |
12.545 |
13.658 |
|
|
1.58% |
1.90% |
1.61% |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
FINANCIAL RESULTS / WORKING:
During the year, the Company witnessed an improvement in its operational performance as well as financial performance. In fact the Company achieved sales turnover of Rs. 848.370 Million as against Rs. 661.322 Million during the last year. After providing Rs. 21.098 Million towards interest and Rs. 6.449 Million for depreciation and further adjusting Rs. 6.513 Million for taxation (net), the Company posted net profit after tax, of Rs. 13.658 Million as against Rs. 12.545 Million during the previous year.
UNSECURED LOAN
|
Particular |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
|
Rs. In Million |
|
|
LONG TERM
BORROWINGS |
|
|
|
Loan & Advances from Related Parties |
|
|
|
Bhagwan Devi Sarda |
0.634 |
0.558 |
|
Damodar Sarda (HUF) |
0.010 |
0.010 |
|
Gaurav Sarda V |
0.000 |
0.176 |
|
Damodar Sarda |
30.864 |
7.006 |
|
Kunjan D. Sarda |
0.955 |
0.101 |
|
Total |
32.463 |
7.851 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10331359 |
26/11/2013 * |
222,500,000.00 |
ING VYSYA BANK LIMITED |
GUJARAT BHAVAN,SATYAM APARTMENT,, 8 WARDHA ROAD,D |
B91906297 |
|
2 |
10078005 |
26/03/2015 * |
121,850,000.00 |
SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA |
NATIONAL INSURANCE BUILDING, GROUND FLOOR,, S.V. |
C48162598 |
* Date of charge modification
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Furniture and
Fixtures
- Electrical
Fitting
- Computer
- Air
Conditioner
- 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.63.70 |
|
|
1 |
Rs.98.92 |
|
Euro |
1 |
Rs.70.67 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis done by
: |
SAN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
0 |
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
49 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.