MIRA INFORM REPORT
|
Report No. : |
324281 |
|
Report Date : |
27.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
CELLO PENS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 318/1-A, Near Government Hospital, Kachigam Village, Daman and
Diu , Daman – 396210 |
|
Tel. No.: |
91-260-2242451 / 91-260-2243596 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.11.1999 |
|
|
|
|
Com. Reg. No.: |
56-002772 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 9.550 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36991DD1999PTC002772 |
|
|
|
|
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
: |
Subject is engaged in the business of trading of Writing Instruments, Stationery Items and Allied Products. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (54) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 210000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is engaged in manufacturing and marketing of stationary products.
The company was incorporated in 1999 and is based in Daman, Daman and Diu. It
is an established company having satisfactory track record. For the financial year ended 2014, company has reported above average
operational performance and it has achieved decent topline growth.
Profitability margins stood at 0.79%. Rating also takes into consideration company’s proven track record of
business operations in stationary segment backed by diversified product
portfolio and wide spared distribution networks of the company. Rating also takes into consideration company sound financial risk
profile supported by healthy net worth base and zero debt balance sheet
profile of the company. Trade relations are reported as fair. Payment terms are reported to be
usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and condition. |
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 DENIED BY
|
Name : |
Mr. Ashoka |
|
Designation : |
HR |
|
Contact No.: |
91-22-61083100 |
|
Date : |
26.05.2015 |
LOCATIONS
|
Registered Office : |
Survey No. 318/1-A, Near Government Hospital, Kachigam Village, Daman
– 396210, Daman and Diu, India |
|
Tel. No.: |
91-260-2242451 / 91-260-2243596 |
|
Fax No.: |
91-260-2242461 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
Cello House, Corporate Avenue, Sonawala Road, Goregaon (East), Mumbai
– 400063, Maharashtra, India |
|
Tel. No.: |
91-22-26852333 / 288 / 2999 / 40859100 |
|
Fax No.: |
91-22-26852025 / 26852888 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Sr. No. 711 to 714, Ground Floor, Somnath, Dabhel, Daman – 396210,
Daman and Diu, India |
|
Tel. No.: |
91-260-3297625 |
|
Fax No.: |
91-260-2240820 |
DIRECTORS
As on 31.03.2014
|
Name : |
Mr. Pradeep Ghisulal Rathod |
|
Designation : |
Chairman |
|
Address : |
120, Jawahar Nagar, Goregoan (West), Mumbai – 400062, Maharashtra,
India |
|
Date of Birth/Age : |
23.01.1965 |
|
Date of Appointment : |
22.11.1999 |
|
DIN No.: |
00027527 |
|
|
|
|
Name : |
Mr. Pankaj Ghisulal Rathod |
|
Designation : |
Managing Director |
|
Address : |
120, Jawahar Nagar, Goregoan (West), Mumbai – 400062, Maharashtra,
India |
|
Date of Birth/Age : |
16.06.1967 |
|
Date of Appointment : |
08.12.2008 |
|
DIN No.: |
00027572 |
|
|
|
|
Name : |
Mr. Gonzalve Marie Leon Bich |
|
Designation : |
Director |
|
Address : |
5 West Branch Road, Westport CT, 06880, , United States of America |
|
Date of Birth/Age : |
03.02.1979 |
|
Date of Appointment : |
21.11.2013 |
|
DIN No.: |
06721044 |
|
|
|
|
Name : |
Mr. Bruno Francois Bich |
|
Designation : |
Director |
|
Address : |
22 Harbour Points, Dr Key Biscayne F L, 33149 , United States of America |
|
Date of Birth/Age : |
02.10.1946 |
|
Date of Appointment : |
21.11.2013 |
|
DIN No.: |
06727496 |
KEY EXECUTIVES
|
Name : |
Mr. Ashoka |
|
Designation : |
HR |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 10.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Pradeep Ghisulal Rathod |
|
93740 |
|
Pankaj Ghisulal Rathod |
|
93740 |
|
Babita Pankaj Rathod |
|
3844 |
|
Sangeeta Pradeep Rathod |
|
5550 |
|
Gaurav Pradeep Rathod |
|
41877 |
|
M/S BIC Clichy |
|
716249 |
|
Total |
|
955000 |
Equity Share Break up (Percentage of Total Equity)
As on 10.09.2014
|
Category |
Percentage |
|
Bodies corporate |
75.00 |
|
Directors or relatives of Directors |
25.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in the business of trading of Writing Instruments, Stationery Items and Allied Products. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
|
Agencies Held : |
Not Available |
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|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
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 : |
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountants |
|
Address : |
Heritage, 3rd Floor, Near Vidhyapith Off Ashram Road,
Ahmedabad – 380014, Gujarat, India |
|
Tel. No.: |
91-79-27582542 / 27582543 |
|
Fax No.: |
91-79-27582551 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AABFD7919A |
|
|
|
|
Internal
Auditors : |
|
|
Name : |
Bharat Shah and Company Chartered Accountants |
|
Address : |
Mumbai, Maharashtra, India |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Holding Company : |
BIC Clichy, France |
|
|
|
|
Enterprises which
are owned, or have significant influence of or are partners with Key
management personnel and their relatives : |
|
CAPITAL STRUCTURE
As on 10.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000,000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
955,000 |
Equity Shares |
Rs.10/- each |
Rs.9.550
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 |
9.550 |
9.550 |
9.550 |
|
(b) Reserves & Surplus |
63.735 |
37.553 |
36.181 |
|
(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) |
73.285 |
47.103 |
45.731 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
2.441 |
3.826 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
3.079 |
0.000 |
0.102 |
|
Total Non-current
Liabilities (3) |
3.079 |
2.441 |
3.928 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
15.000 |
19.000 |
|
(b) Trade
payables |
1117.095 |
27.633 |
60.923 |
|
(c) Other current
liabilities |
5.554 |
0.143 |
0.107 |
|
(d) Short-term
provisions |
4.762 |
0.673 |
0.163 |
|
Total Current
Liabilities (4) |
1127.411 |
43.449 |
80.193 |
|
|
|
|
|
|
TOTAL |
1203.775 |
92.993 |
129.852 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
4.071 |
40.854 |
52.004 |
|
(ii)
Intangible Assets |
0.040 |
0.050 |
0.060 |
|
(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) |
20.109 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
5.235 |
2.796 |
3.571 |
|
(e) Other Non-current
assets |
4.938 |
6.986 |
5.547 |
|
Total Non-Current
Assets |
34.393 |
50.686 |
61.182 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
295.468 |
0.000 |
1.440 |
|
(c) Trade
receivables |
778.689 |
36.917 |
59.924 |
|
(d) Cash
and cash equivalents |
72.863 |
5.163 |
2.609 |
|
(e)
Short-term loans and advances |
22.362 |
0.227 |
3.779 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.918 |
|
Total
Current Assets |
1169.382 |
42.307 |
68.670 |
|
|
|
|
|
|
TOTAL |
1203.775 |
92.993 |
129.852 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3640.546 |
84.174 |
283.933 |
|
|
|
Other Income |
6.406 |
0.711 |
0.811 |
|
|
|
TOTAL |
3646.952 |
84.885 |
284.744 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
3610.775 |
82.800 |
285.549 |
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
36.177 |
2.085 |
-0.805 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
62.358 |
0.714 |
0.897 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(26.181) |
1.371 |
-1.702 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
25.248 |
23.877 |
25.579 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(0.933) |
25.248 |
23.877 |
|
|
|
|
|
|
|
|
|
|
CIF Value of
Imports |
63.027 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(27.41) |
1.43 |
(1.78) |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
KEY RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.72) |
1.63 |
(0.60) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.06 |
2.24 |
(0.62) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49 |
0.04 |
(0.02) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.00 |
0.32 |
0.42 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
0.97 |
0.86 |
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 |
9.550 |
9.550 |
9.550 |
|
Reserves & Surplus |
36.181 |
37.553 |
63.735 |
|
Net
worth |
45.731 |
47.103 |
73.285 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
19.000 |
15.000 |
0.000 |
|
Total
borrowings |
19.000 |
15.000 |
0.000 |
|
Debt/Equity
ratio |
0.415 |
0.318 |
0.000 |
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 |
283.933 |
84.174 |
3640.546 |
|
|
|
(70.354) |
4,225.024 |
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 |
283.933 |
84.174 |
3640.546 |
|
Profit |
(1.702) |
1.371 |
(26.181) |
|
|
(0.60%) |
1.63% |
(0.72%) |
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 |
No |
|
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 three 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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been shifted from 711 to 714 Somnath Road, Dabhel, Daman-396210, Daman and Diu, India to the present address w.e.f. 01.04.2013
UNSECURED LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loans and advances from related parties |
0.000 |
15.000 |
|
|
|
|
|
Total |
0.000 |
15.000 |
FINANCIAL OPERATIONS
:
During the year, The Company has achieved net sales of Rs. 3640.546 Million as compared to Rs. 84.174 Million in the preceding year. The Net Profit After Tax for the current year is Rs. 26.181 Million as compared to Rs. 1.371 Million in the preceding year.
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10523642 |
19/08/2014 |
50,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSE, SENAPATI BAPAT MARG, LOWER PAREL |
C25404542 |
FIXED ASSETS
- Factory
Building
- Plant and
Machinery
- Office
Equipments
- Vehicles
- Furniture and
Fixtures
- Data
Processing Equipments
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.63.85 |
|
|
1 |
Rs.98.38 |
|
Euro |
1 |
Rs.69.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
MNJ |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
|
54 |
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.