MIRA INFORM REPORT
|
Report No. : |
322374 |
|
Report Date : |
25.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
OMEGA COLORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
D 21/2/3, M.I.D.C, Tarapur, Boisar, Mumbai-401506, Maharashtra |
|
Tel. No.: |
91-22-42207228 |
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|
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|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
16.09.2002 |
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|
|
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Com. Reg. No.: |
11-137219 |
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Capital
Investment / Paid-up Capital : |
Rs.2.500 Million |
|
|
|
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CIN No.: [Company Identification
No.] |
U24221MH2002PTC137219 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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PAN No.: [Permanent Account No.] |
Not Available |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Pigment Green 7, Pigment Beta Blue 15-3. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established private limited company having satisfactory
track record. Company has recorded increase in net worth, sales and profit in FY
2014. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealing 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. Satyen Trivedi |
|
Designation : |
Director |
|
Contact No.: |
91-9324225053 |
|
Date : |
13.05.2015 |
LOCATIONS
|
Registered Office / Factory: |
D 21/2/3, M.I.D.C, Tarapur, Boisar, Mumbai-401506, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9324225053 (Mr. Sateyn) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
69 A Mittal Chambers, Nariman Point, Mumbai-400021, Maharashtra, India |
|
Tel. No.: |
91-22-42207228 |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Shyamsunder Bhorilal Toshniwal |
|
Designation : |
Director |
|
Address : |
83, Goolrukh, 10th Floor, Worli Sea Face, Worli,, Mumbai-400025, Maharashtra, India |
|
Date of Birth/Age : |
30.05.1940 |
|
Date of Appointment : |
10.06.2011 |
|
DIN No.: |
01223515 |
|
|
|
|
Name : |
Mr. Satyen Gajanand Trivedi |
|
Designation : |
Director |
|
Address : |
Room No. 5, Kamu Villa, Khotwadi, Sir Phiroz Shah Mehta Road, Santacroz (W), Mumbai-400054, Maharashtra, India |
|
Date of Birth/Age : |
01.01.1976 |
|
Date of Appointment : |
31.03.2012 |
|
DIN No.: |
05212181 |
|
|
|
|
Name : |
Mr. Anant Kautik Patil |
|
Designation : |
Director |
|
Address : |
A/P- Jijabai, R. No.- 4, Vrundavan Colony,, Pipeline Rd, Ananadvalli, Gangapur Rd, Nasik-422001, Maharashtra, India |
|
Date of Birth/Age : |
24.01.1964 |
|
Date of Appointment : |
20.08.2014 |
|
DIN No.: |
06952202 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage |
|
Madhubala Toshiwal |
200000 |
80.00 |
|
Rajkumari Khatore |
50000 |
20.00 |
|
Total |
250000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
0.80 |
|
Other top fifty shareholders |
0.20 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Pigment Green 7, Pigment Beta Blue 15-3. |
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|
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|
Products : |
|
|
|
|
|
Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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Exports : |
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Products : |
Finished goods |
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Countries : |
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Imports : |
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Products : |
Raw Materials |
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Countries : |
Korea |
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Terms : |
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Selling : |
Cash / Credit |
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Purchasing : |
Cash / Credit |
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 : |
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Auditors : |
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|
Name : |
SGCO and Company Chartered Accountants |
|
Address : |
A-201, Rajeshri Accord, Teily Across Lane, Off S.N. Road, Andheri(East),
Mumbai-400069,
Maharashtra |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAAFS7106D |
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Memberships : |
-- |
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Collaborators : |
-- |
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Key Personnel Management and their relative : |
|
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250,000 |
Equity Shares |
Rs.10/- each |
Rs.2.500
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 |
2.500 |
2.500 |
2.500 |
|
(b) Reserves & Surplus |
57.863 |
53.005 |
51.744 |
|
(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) |
60.363 |
55.505 |
54.244 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
2.227 |
|
(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) |
0.000 |
0.000 |
2.227 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
33.889 |
30.052 |
36.380 |
|
(b) Trade payables |
72.842 |
26.266 |
34.217 |
|
(c) Other current liabilities |
4.236 |
10.146 |
11.118 |
|
(d) Short-term provisions |
2.850 |
1.060 |
0.036 |
|
Total
Current Liabilities (4) |
113.817 |
67.524 |
81.751 |
|
|
|
|
|
|
TOTAL |
174.180 |
123.029 |
138.222 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
36.177 |
36.162 |
28.095 |
|
(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 |
0.546 |
0.546 |
0.546 |
|
(c) Deferred tax assets (net) |
0.951 |
0.407 |
0.184 |
|
(d) Long-term Loan and Advances |
33.891 |
31.057 |
34.307 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
71.565 |
68.172 |
63.132 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
31.554 |
25.903 |
39.307 |
|
(c) Trade receivables |
49.090 |
21.544 |
27.492 |
|
(d) Cash and cash equivalents |
6.579 |
2.110 |
1.906 |
|
(e) Short-term loans and
advances |
15.392 |
5.300 |
6.385 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
102.615 |
54.857 |
75.090 |
|
|
|
|
|
|
TOTAL |
174.180 |
123.029 |
138.222 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
246.601 |
180.683 |
133.254 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
TOTAL
|
226.881 |
165.685 |
120.706 |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
19.720 |
14.998 |
12.548 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
3.864 |
3.898 |
5.713 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.856 |
11.100 |
6.835 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
8.911 |
8.285 |
6.512 |
|
|
|
|
|
|
|
Less/
Add |
PRIOR PERIOD ITEMS & EXTRAORDINARY ITEM |
0.000 |
0.000 |
0.151 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
6.945 |
2.815 |
0.172 |
|
|
|
|
|
|
|
Less |
TAX (H) |
2.088 |
1.554 |
-0.768 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
4.857 |
1.261 |
0.940 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD \ |
53.005 |
51.744 |
50.804 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
57.862 |
53.005 |
51.744 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
69.018 |
48.880 |
NA |
|
|
TOTAL
EARNINGS |
69.018 |
48.880 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
2.256 |
2.181 |
NA |
|
|
TOTAL
IMPORTS |
2.256 |
2.181 |
NA |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(8.35) |
(6.22) |
(3.07) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
290.000 |
Expected Sales (2015-2016) : Rs. 330.000 Million
The above information has been parted by Mr. Satyen Trivedi (Director)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
2.252 |
2.625 |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.97 |
0.70 |
0.71 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
8.00 |
8.30 |
9.42 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.02 |
2.31 |
0.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.05 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.56 |
0.58 |
0.76 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.90 |
0.81 |
0.92 |
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 |
2.500 |
2.500 |
2.500 |
|
Reserves & Surplus |
51.744 |
53.005 |
57.863 |
|
Net
worth |
54.244 |
55.505 |
60.363 |
|
|
|
|
|
|
long-term borrowings |
2.227 |
0.000 |
0.000 |
|
Short term borrowings |
36.380 |
30.052 |
33.889 |
|
Current maturities of
long-term debts |
2.625 |
2.252 |
0.000 |
|
Total
borrowings |
41.232 |
32.304 |
33.889 |
|
Debt/Equity
ratio |
0.760 |
0.582 |
0.561 |
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 |
133.254 |
180.683 |
246.601 |
|
|
|
35.593 |
36.483 |
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 |
133.254 |
180.683 |
246.601 |
|
Profit |
0.940 |
1.261 |
4.857 |
|
|
0.71% |
0.70% |
1.97% |
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) |
Yes |
|
16 |
No. of employees |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
Yes |
|
19 |
Major customers |
Yes |
|
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 |
Yes |
|
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 |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related Parties |
9.204 |
10.871 |
|
|
|
|
|
Total |
9.204 |
10.871 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10236150 |
09/08/2010 |
9,000,000.00 |
UNION BANK OF INDIA |
Overseas Branch, Union Bank Bhavan, Ground Floor, |
A93253979 |
|
2 |
10180014 |
18/10/2011 * |
20,000,000.00 |
UNION BANK OF INDIA |
Overseas Branch, Union Bank Bhavan, Ground Floor, |
B23909625 |
|
3 |
10180007 |
23/09/2009 |
10,500,000.00 |
UNION BANK OF INDIA |
Overseas Branch, Union Bank Bhavan, Ground Floor, |
A70658307 |
|
4 |
10068049 |
09/03/2007 |
5,000,000.00 |
UNION BANK OF INDIA |
Overseas Branch, Union Bank Bhavan, Ground Floor, |
A16380768 |
|
5 |
10003895 |
20/10/2011 * |
55,500,000.00 |
UNION BANK OF INDIA |
Overseas Branch, Union Bank Bhavan, Ground Floor, |
B23909807 |
|
6 |
80006951 |
18/10/2011 * |
12,000,000.00 |
UNION BANK OF INDIA |
Overseas Branch, Union Bank Bhavan, Ground Floor, |
B23909450 |
|
7 |
80051955 |
18/10/2011 * |
16,000,000.00 |
UNION BANK OF INDIA |
Overseas Branch, Union Bank Bhavan, Ground Floor, |
B23909708 |
BUSINESS OPERATIONS
During the year, the company’s total income was Rs. 246.601 Million compared to Rs. 180.683 Million in the previous year and net Profit/ (Loss) after taxation was Rs. 4.857 Million as compared to Rs. 1.261 Million in the previous year.
CONTINGENT
LIABILITIES:
(Rs. in million)
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
|
Claims against the company not acknowledged as debts : |
|
|
|
Bank Guarantees |
0.040 |
1.000 |
|
Other Money for which the company is contingently liable: |
|
|
|
Letter of credit |
16.000 |
16.000 |
|
Disputed Service Tax |
1.088 |
1.088 |
|
Disputed Excise |
1.594 |
1.594 |
|
Total |
18.722 |
19.682 |
FIXED ASSETS
- Land
- Plant and Machinery
- Computer
- Furniture and Fixture
- Office equipment
- Air conditioner
- Factory building
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.99.67 |
|
Euro |
1 |
Rs.70.92 |
INFORMATION DETAILS
|
Information
Gathered by : |
DPA |
|
|
|
|
Analysis Done by
: |
KNJ |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.