MIRA INFORM REPORT
|
Report No. : |
347752 |
|
Report Date : |
02.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
NPF POLYFILMS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
517, New Cloth Market, Opposite Raipur Gate, Ahmedabad – 380002, Gujarat |
|
Tel. No.: |
91-79-22166773 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
09.09.2011 |
|
|
|
|
Com. Reg. No.: |
04-067070 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ2011PTC067070 |
|
|
|
|
IEC No.: |
0813005663 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCN7434P |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Plastic Films. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 21400 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a relatively new company incorporated in the year 2011. It
has moderate track. The company has been incurring losses from its operations since its
incorporation and accumulated of the same has resulted in partial erosion of
the networth base along with leveraged capital structure. However, it has
achieved acceptable growth in its sales revenue in the year 2014. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of losses along with huge external borrowings in its initial
years, 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 – 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
31-03-2015.
INFORMATION PARTED BY
|
Name : |
Mr. Darshan Harshad Shah |
|
Designation : |
Director |
|
Contact No.: |
91-9825645450 |
|
Date : |
29.10.2015 |
LOCATIONS
|
Registered Office : |
517, New Cloth Market, Opposite Raipur Gate, Ahmedabad – 380002, Gujarat, India |
|
Tel. No.: |
91-79-22166773 |
|
Mobile No.: |
91-9825645450 (Mr. Darshan Harshad Shah) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location: |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Factory : |
Block No.362, 362/4, 362/6, New Order Vadsar Air Force Station Opposite Mother Teresa School, Village Vadsar, Taluka : Kalol Gandhinagar, Gujarat, India |
|
Tel. No.: |
91-2764 286608 |
|
Fax No.: |
91-2764 268047 |
DIRECTORS
AS ON 15.09.2014
|
Name : |
Mr. Samkit Harshadbhai Shah |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
14, Kekarav Society, Near Someshwara, Complex 3/Gulab Tower Road Thaltej, Ahmedabad - 380054, Gujarat, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.02.1971 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
09.09.2011 |
|||||||||||||||||||||||||||
|
DIN No.: |
03355304 |
|||||||||||||||||||||||||||
|
Other Directorship
:
|
||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Name : |
Mr. Darshan Harshad Shah |
|||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||
|
Address : |
14, Kekarav Society, Near Someshwara, Complex 3/Gulab Tower Road Thaltej, Ahmedabad - 380054, Gujarat, India |
|||||||||||||||||||||||||||
|
Date of Birth/Age : |
25.02.1983 |
|||||||||||||||||||||||||||
|
Date of Appointment : |
09.09.2011 |
|||||||||||||||||||||||||||
|
DIN No.: |
03356021 |
|||||||||||||||||||||||||||
|
Other Directorship
:
|
||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 25/09/2013
|
Names of Shareholders |
|
No. of Shares |
|
Samkit Harshadbhai Shah |
|
375000 |
|
Darshan Harshadbhai Shah |
|
372500 |
|
Samkit Harshadbhai Shah HU$F |
|
25000 |
|
Darshan Harshadbhai Shah HUF |
|
25000 |
|
Navrang Polyfilms Private Limited, India |
|
50000 |
|
Nilam Darshan Shah |
|
6250 |
|
Pravinaben Harshadbhai Shah |
|
70000 |
|
Dipali Samkit Shah |
|
6250 |
|
Harshadbhai Mithalal Shah |
|
70000 |
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 15.09.2014
|
Category |
Percentage |
|
Bodies corporate |
5.00 |
|
Directors or relatives of Directors |
95.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Plastic Films. |
|
|
|
|
Products : |
Plastic Films |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Korea |
|
|
|
|
Terms : |
|
|
Selling : |
L/C, Cheque and Credit |
|
|
|
|
Purchasing : |
L/C, Cheque and Credit |
PRODUCTION STATUS : NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Customers : |
Wholesalers, End Users |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
No. of Employees : |
100 (Approximately) |
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
D A Rupawala and Associates Chartered Accountants |
|
Address : |
705, Mahakant, Opposite V S Hospital, Ellisbridge, Ahmedabad – 380006,
Gujarat, India |
|
PAN No.: |
AATPR7200A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates : |
Navrang Polyfilms Private Limited |
|
|
|
|
Related to key
management personnel : |
|
CAPITAL STRUCTURE
AS ON 15.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,000,000 |
Equity Shares |
Rs.10/- 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 |
2.225 |
|
(b) Reserves &
Surplus |
(2.516) |
(1.274) |
(0.151) |
|
(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) |
7.484 |
8.726 |
2.074 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
26.661 |
32.832 |
3.000 |
|
(b) Deferred tax
liabilities (Net) |
(0.132) |
0.279 |
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) |
26.529 |
33.111 |
3.000 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
31.924 |
9.930 |
0.000 |
|
(b) Trade payables |
18.659 |
14.273 |
0.000 |
|
(c) Other current
liabilities |
9.152 |
4.025 |
0.013 |
|
(d) Short-term provisions |
0.091 |
0.000 |
0.000 |
|
Total Current Liabilities
(4) |
59.826 |
28.228 |
0.013 |
|
|
|
|
|
|
TOTAL |
93.839 |
70.065 |
5.087 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
51.451 |
41.284 |
0.000 |
|
(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 |
0.500 |
0.500 |
0.500 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.967 |
0.953 |
0.045 |
|
(e) Other Non-current
assets |
0.115 |
0.153 |
0.000 |
|
Total Non-Current Assets |
53.033 |
42.890 |
0.545 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
17.263 |
9.033 |
0.000 |
|
(c) Trade receivables |
11.675 |
10.052 |
0.000 |
|
(d) Cash and cash
equivalents |
2.836 |
0.710 |
0.017 |
|
(e) Short-term loans and
advances |
9.032 |
7.380 |
4.525 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
40.806 |
27.175 |
4.542 |
|
|
|
|
|
|
TOTAL |
93.839 |
70.065 |
5.087 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
128.011 |
31.223 |
0.000 |
|
|
Other Income |
0.932 |
0.015 |
0.000 |
|
|
TOTAL |
128.943 |
31.238 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Direct Expenses |
12.959 |
2.371 |
|
|
|
Purchases of
Stock-in-Trade |
111.072 |
34.128 |
|
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
(8.229) |
(9.033) |
|
|
|
Employees benefits
expense |
1.136 |
0.589 |
|
|
|
Exceptional Items |
0.750 |
0.000 |
|
|
|
Administrative and Selling
and Other expenses |
2.593 |
1.189 |
|
|
|
TOTAL |
120.281 |
29.244 |
0.151 (Including Financial
Expenses) |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
8.662 |
1.994 |
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
8.540 |
2.153 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
0.122 |
(0.159) |
(0.151) |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
1.776 |
0.685 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
(1.654) |
(0.844) |
(0.151) |
|
|
|
|
|
|
|
Less |
TAX |
(0.412) |
0.280 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
(1.242) |
(1.124) |
(0.151) |
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
(1.275) |
(0.151) |
0.000 |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
(2.517) |
(1.275) |
(0.151) |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
22.577 |
Nil |
Nil |
|
|
TOTAL EARNINGS |
22.577 |
Nil |
Nil |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
15.543 |
NA |
NA |
|
|
TOTAL IMPORTS |
15.543 |
NA |
NA |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(Rs.) |
(12.40) |
(1.12) |
(0.68) |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
250.000 |
Expected Sales ( 2015-2016 ) : Rs.300.000 Million
The above information has been parted by Mr. Darshan Harshad Shah
(Director).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
7.603 |
3.040 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.97) |
(3.60 |
0.00 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
6.77 |
6.39 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.77) |
(1.21) |
(3.29) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.22) |
(0.10) |
(0.07) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
8.84 |
5.25 |
1.45 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.68 |
0.96 |
349.38 |
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 |
2.225 |
10.000 |
10.000 |
|
Reserves & Surplus |
(0.151) |
(1.274) |
(2.516) |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
2.074 |
8.726 |
7.484 |
|
|
|
|
|
|
long-term borrowings |
3.000 |
32.832 |
26.661 |
|
Short term borrowings |
0.000 |
9.930 |
31.924 |
|
Current Maturities of
Long Term Debt |
0.000 |
3.040 |
7.603 |
|
Total borrowings |
3.000 |
45.802 |
66.188 |
|
Debt/Equity ratio |
1.446 |
5.249 |
8.844 |
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 |
0.000 |
31.223 |
128.011 |
|
|
|
309.989 |
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 |
0.000 |
31.223 |
128.011 |
|
Profit/Loss |
(0.151) |
(1.124) |
(1.242) |
|
|
0.00 |
(3.60%) |
(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 |
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) |
|
Long-term
Borrowings |
|
|
|
Loans From Directors |
0.693 |
0.652 |
|
Loan From Shareholders |
2.301 |
1.821 |
|
Total |
2.994 |
2.473 |
OPERATIONS
The company is supplying goods to retails customers in rural market and also to Milk Co-Operative Society (Mother Dairy). The directors are working hard in marketing of the product and expected to achieve better result in coming years. The establishment of operating company and marketing network is complete. The company has earned profit before depreciation and amortization expenses. The directors are hopeful to achieve better result by increasing sales during the current year.
The company has incurred capital investments of Rs.12.095 Million during the year. The Company has obtained term loan from Nutan Nagrik Bank Limited for setting up Building and plant and Machinery and company has also taken working capital limit from the Bank. The company has received Central government, State Government and Electricity subsidy during the year as per government policies.
FIXED ASSETS
TANGIBLE ASSETS
- Building
- Electric assets
- Furniture and Fixtures
- Plant and Machinery
- Fire safety 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 records 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.65.22 |
|
|
1 |
Rs.99.93 |
|
Euro |
1 |
Rs.71.66 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
SNT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
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 |
|
27 |
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.