MIRA INFORM REPORT
|
Report No. : |
324615 |
|
Report Date : |
28.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
BALAJI SOURCINGS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
"Balaji Towers", 4th Floor, No. 9/1A/1, Hotgi Road, Aasara Chowk,
Solapur – 413224, Maharashtra |
|
Tel No.: |
91-217-3090274 |
|
|
|
|
Country : |
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|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
20.04.2006 |
|
|
|
|
Com. Reg. No.: |
11-128357 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs. 30.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51434PN2006PTC128357 |
|
|
|
|
IEC No.: |
3106002085 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEB04979C |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCB8454E |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Trader of Ethyl Amines, Derivatives of
specialty chemicals and natural products. |
|
|
|
|
No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 260000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. Profitability of the company seems to be low during 2014. However,
general financial position of the company seems to be decent. The rating also takes into consideration experience of the promoters
in the chemical trading business, established relationship with suppliers and
diversified customer profile. Trade relations are reported as fair. Business is active. Payments
terms are reported to be slow but correct. The company 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 |
CARE |
|
Rating |
Long term fund – based bank facilities: BB+ |
|
Rating Explanation |
Have moderate risk of default. |
|
Date |
06.02.2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short term non fund – based bank facilities: A4+ |
|
Rating Explanation |
Have minimal degree of default and carry very high credit risk. |
|
Date |
06.02.2015 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Divya |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-26269254 |
|
Date : |
26.05.2015 |
LOCATIONS
|
Registered Office : |
"Balaji Towers", 4th Floor, No. 9/1A/1, Hotgi Road, Aasara Chowk,
Solapur – 413224, Maharashtra, India |
|
Tel. No.: |
91-217-3090274 / 2451500 / 2310056 |
|
Mobile No.: |
91-9819807073 (Mr. Vikas Shah) |
|
Fax No.: |
91-217-2310821 / 2310831 |
|
E-Mail : |
|
|
Website : |
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|
Location : |
Rented |
|
|
|
|
Administrative Office: |
205, The Chambers, W.E. Highway, Vile Parle (East), Mumbai 400057,
Maharashtra, India |
|
|
|
|
Branch Office : |
Located at:
|
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Dundurapu Ram Reddy |
|
Designation : |
Managing Director |
|
Address : |
A /1 Gangadhar Housing Society, Opposite Hotel Kinara, |
|
Date of Birth/Age : |
20.10.1961 |
|
Qualification : |
HSC |
|
Date of Appointment : |
20.04.2006 |
|
DIN No.: |
00003864 |
|
Name : |
Mr. Vikas Mabgilal Shah |
|
Designation : |
Whole Time Director |
|
Address : |
B -1, Blue Heaven , Opposite Meghalaya, Flat Narayanpura, Ahmedabad –
380 013, |
|
Date of Birth/Age : |
18.10.1981 |
|
Qualification : |
M .Sc |
|
Date of Appointment : |
20.04.2006 |
|
DIN No.: |
00036542 |
|
Name : |
Mr. Virendra Bherumal Mehta |
|
Designation : |
Director |
|
Address : |
B-2, Blue Heaven, Opposite Meghalaya Flats, Naranpura,
Ahmedabad-3800013, Gujarat, India |
|
Date of Birth/Age : |
14.04.1961 |
|
Date of Appointment : |
01.09.2010 |
|
DIN No.: |
00036579 |
|
Name : |
Tanmai Reddy Ram Reddy Dundurapu |
|
Designation : |
Director |
|
Address : |
Plot No. A-1, Opposite Hotel Kinara, Hotgi Road, Solapur - 413003,
Maharashtra, India |
|
Date of Birth/Age : |
15.11.1986 |
|
Date of Appointment : |
01.07.2012 |
|
DIN No.: |
01335673 |
KEY EXECUTIVES
|
Name : |
Mr. Divya |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Pratap Narayan Reddy |
240000 |
|
Rajeshwar Reddy |
267500 |
|
D Ram Reddy |
520000 |
|
Vikas Mangilal Shah |
600000 |
|
A Shankuladevi |
10000 |
|
Eeshan Reddy |
87500 |
|
Dipti Reddy |
87500 |
|
D Vandana |
60000 |
|
G Hemant Reddy |
208000 |
|
N Saritha |
37500 |
|
G Madhumathi |
50000 |
|
Virenndra Bherumal Mehta |
150000 |
|
Tanmai Reddy Ram Reddy Dundurapu |
25000 |
|
G Srujan Reddy |
25000 |
|
Ocean Chemicals, India |
150000 |
|
Ande Shriniwas Reddy Reddy |
482000 |
|
Total |
3000000 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
51.00 |
|
Other top fifty shareholders |
49.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Ethyl Amines, Derivatives of
specialty chemicals and natural products. |
|
|
|
|
Brand Names : |
Not Divulged |
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|
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Agencies Held : |
Not Divulged |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Chemical |
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Countries : |
Korea |
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Terms : |
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Selling : |
Cash and Credit (30-60-90 Days) |
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|
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Purchasing : |
Cash and Credit (30-60-90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Aherkar and Company Chartered Accountants |
|
Address : |
Battin Complex, 35, Ganesh Peth, Solapur – 413 005, |
|
Tel. No.: |
91-22-2600003 |
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Fax No.: |
91-22-2620223 |
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E-Mail : |
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PAN N Income-tax PAN of auditor or auditor's firm : |
AARPA5381M |
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Memberships : |
-- |
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Collaborators : |
-- |
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Others related
party : |
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CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 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 |
30.000 |
30.000 |
30.000 |
|
(b) Reserves & Surplus |
59.855 |
47.678 |
36.482 |
|
(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) |
89.855 |
77.678 |
66.482 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.008 |
0.025 |
|
(c) Other long term
liabilities |
18.832 |
22.078 |
21.869 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
18.832 |
22.086 |
21.894 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
90.086 |
97.587 |
103.872 |
|
(b) Trade payables |
229.097 |
148.387 |
177.914 |
|
(c) Other current liabilities |
10.723 |
2.679 |
4.303 |
|
(d) Short-term provisions |
9.462 |
9.221 |
5.551 |
|
Total
Current Liabilities (4) |
339.368 |
257.874 |
291.640 |
|
|
|
|
|
|
TOTAL |
448.055 |
357.638 |
380.016 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1.418 |
1.455 |
0.232 |
|
(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) |
0.039 |
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 |
1.457 |
1.455 |
0.232 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
1.000 |
|
(b) Inventories |
17.373 |
22.228 |
20.189 |
|
(c) Trade receivables |
386.325 |
301.178 |
320.323 |
|
(d) Cash and cash equivalents |
32.308 |
25.237 |
31.008 |
|
(e) Short-term loans and
advances |
0.618 |
0.659 |
0.797 |
|
(f) Other current assets |
9.974 |
6.881 |
6.467 |
|
Total
Current Assets |
446.598 |
356.183 |
379.784 |
|
|
|
|
|
|
TOTAL |
448.055 |
357.638 |
380.016 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
1260.602 |
|
|
|
|
Other Income |
|
|
|
|
|
TOTAL
|
1260.602 |
1420.711 |
1310.268 |
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
Operating and Admin. Expenses |
1241.303 |
1402.788 |
1299.349 |
|
|
Extraordinary/Exceptional Item |
0.500 |
0.750 |
0.005 |
|
|
TOTAL
|
1241.803 |
1402.788 |
1299.349 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
19.299 |
17.013 |
10.919 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
0.457 |
0.326 |
0.075 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
18.842 |
16.847 |
10.839 |
|
|
|
|
|
|
|
|
TAX |
6.165 |
5.650 |
3.800 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
12.177 |
11.196 |
7.039 |
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.678 |
36.482 |
29.443 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
19.855 |
47.678 |
36.482 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
4.06 |
3.73 |
2.35 |
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 |
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.21 |
4.71 |
2.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21 |
0.22 |
0.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.00 |
1.26 |
1.56 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.32 |
1.38 |
1.30 |
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 |
30.000 |
30.000 |
30.000 |
|
Reserves & Surplus |
36.482 |
47.678 |
59.855 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
66.482 |
77.678 |
89.855 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
103.872 |
97.587 |
90.086 |
|
Total
borrowings |
103.872 |
97.587 |
90.086 |
|
Debt/Equity
ratio |
1.562 |
1.256 |
1.003 |
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) |
|
Total Income |
1310.268 |
1420.711 |
1260.602 |
|
|
|
8.429 |
-11.270 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1310.268 |
1420.711 |
1260.602 |
|
Profit |
7.039 |
11.196 |
12.177 |
|
|
0.54% |
0.79% |
0.97% |
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 |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
|
|
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 |
Yes |
|
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 |
NOTE:
Registered office of the company has been
shifted from Balaji Bhavan, 165 A, Railway Lines, Solapur – 413 001, Maharashtra,
India to the present address w.e.f. 05.04.2013.
FINANCIAL RESULTS:
During the year the Company’s turnover reached to Rs. 1260.600 Million as against Rs. 1420.700 Million for the last year. After meeting all the expenses the company posted a profit of Rs. 12.100 Million which the Directors feel considerable in this competitive scenario.
The Directors confidently say that the company continues to operate from a position of balance and strength, which will be sustained in the long term.
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10434951 |
18/03/2014 * |
150,000,000.00 |
BANK OF BARODA MID - CORPORATE BRANCH PUNE |
MID - CORPORATE BRANCH, SETS CAMPUS, GROUND FLOOR |
C19859156 |
|
2 |
10426406 |
09/04/2013 |
105,000,000.00 |
STATE BANK OF INDIA |
INDSUTRIAL FINANCE BRANCH, RAJ BHAVAN ROAD, SOMAJ |
B75290106 |
|
3 |
10375449 |
09/08/2012 |
1,000,000.00 |
SAMARTH SAHAKARI BANK LIMITED SOLAPUR |
RAILWAY LINES BRANCH, RAILWAY LINE, SOLAPUR, MAHA |
B57667636 |
|
4 |
10122190 |
18/03/2014 * |
175,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING BRANCH,214-215,CITY MALL, 2ND F |
C04496709 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other 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.63.95 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--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 |
|
45 |
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.