MIRA INFORM REPORT
|
Report No. : |
347914 |
|
Report Date : |
03.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SANDIPKUMAR DHARMENDRAKUMAR |
|
|
|
|
Registered
Office : |
301-306, Anmol Business Center, Vrundavan Colony, Opposite Neeldeep Complex, Near Navrang School Six Roads, Navrangpura, Ahmedabad-380009, Gujarat |
|
Tel. No.: |
91-79-65127200 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2015 (Provisional) |
|
|
|
|
Year of
Establishment : |
1996 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 21.815 Million (Provisional) |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TIN No.: |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited liability of the partners |
|
|
|
|
Line of Business
: |
Trader of Raw Cotton |
|
|
|
|
No. of Employees
: |
25 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 62000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established partnership concern started in the year 1996
having moderate track. It is engaged in the business as trader of raw cotton. The concern has shown significant growth in its turnover and profit
during FY2014. However, the rating is constrained on account of huge borrowings
recorded by the concern. The rating further takes into account low profit margins and
susceptibility of profit margins to raw material price fluctuation and highly
fragmented industry. Their trade relations are reported as fair. Business is active.
Payments are as slow but correct. The concern 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 |
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. Krushan Vora |
|
Designation : |
Accountant |
|
Contact No.: |
91-9714852986 |
|
Date : |
31.10.2015 |
LOCATIONS
|
Registered Office : |
301-306, Anmol Business Center, Vrundavan Colony, Opposite Neeldeep Complex, Near Navrang School Six Roads, Navrangpura, Ahmedabad-380009, Gujarat, India |
|
Tel. No.: |
91-79-65127200 |
|
Mobile No.: |
91-9714852986 (Mr. Krushan) 91-9824028321 (Mr. Dharmendra) |
|
Fax No.: |
91-79-26400199 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
6500 sq. ft. |
|
Location : |
Owned |
|
Locality : |
Commercial |
|
|
|
|
Branch Office 1 : |
1,Panchnath Complex, Limda Chowk, Rajkot- 36000,Gujarat, India |
|
Tel. No.: |
91-281-2241043 |
|
|
|
|
Branch Office 2 : |
Bunglow No 114, Survey No. 68,Near Disha Nabhangana, Sant Tukoba Nagar, N-2, CIDCO, Aurangabad, Maharashtra, India |
|
Tel. No.: |
91-240-2484241 |
PARTNERS
|
Name : |
Mr. Sandipkumar P. Jain |
|
Designation : |
Partner |
|
Date of Birth/Age : |
39 Years |
|
Qualification : |
Civil Engineer |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Dharmendra Pukhraj Jain |
|
Designation : |
Partner |
|
Date of Birth/Age : |
42 Years |
|
Qualification : |
Mechanical Engineer |
|
E-Mail : |
|
|
|
|
|
Name : |
Mr. Pukhraj Somchand Jain |
|
Designation : |
Partner |
|
Date of Birth/Age : |
62 Years |
|
Qualification : |
Mechanical Engineer |
|
|
|
|
Name : |
Ms. Nikkiben D. Jain |
|
Designation : |
Partner |
|
Date of Birth/Age : |
67 Years |
|
Qualification : |
Mechanical Engineer |
KEY EXECUTIVES
|
Name : |
Mr. Krushan Vora |
|
Designation : |
Accountant |
BUSINESS DETAILS
|
Line of Business : |
Trader of Raw Cotton |
|
|
|
|
Products : |
Raw Cotton |
|
|
|
|
Brand Names : |
--- |
|
|
|
|
Agencies Held : |
--- |
|
|
|
|
Exports : |
|
|
Products : |
Finished goods |
|
Countries : |
|
|
|
|
|
Imports : |
Not Available |
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Suppliers : |
(As on
31.03.2014) ·
Bimal Cotton ·
Faiz Cotton Company ·
Radheshyam Cotton Industries ·
Shree Uma Ginning Pressing ·
Raghuvir Ginning Factory |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
Wholesalers and Retailers
|
||||||||||||||||||||||
|
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|
||||||||||||||||||||||
|
No. of Employees : |
25 (Approximately) |
||||||||||||||||||||||
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|
||||||||||||||||||||||
|
Bankers : |
|
|
Auditors : |
|
|
Name : |
Hiten V Shah and Company Chartered Accountants |
|
Address : |
103 Shoppers Plaza V, B/h Levis, Opposite Municipal Market, C. G. Road, Ahmedabad-380009, Gujarat, India |
|
Tel No.: |
91-79-26562219, 40305019 |
|
Mobile No.: |
91-9825431419/ 8758222919 |
|
Email : |
|
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Sister Concerns: |
|
CAPITAL STRUCTURE
As on: 31.03.2015
(Provisional)
|
Capital Investment : |
|
|
Owned : |
Rs. 21.815 Million |
|
Borrowed : |
-- |
|
Total : |
Rs. 21.815
Million |
As on: 31.03.2014
|
Name of Partners |
Opening Balance (01.04.2013) |
Additions During the year |
Interest on capital |
Profits |
Total |
Withdrawals During the year |
Closing Balance 31.03.2014 |
|
Sandipkumar P. Jain |
0.463 |
0.571 |
0.053 |
1.485 |
2.572 |
1.128 |
1.444 |
|
Nikkiben D. Jain |
8.942 |
3.903 |
0.315 |
0.990 |
14.150 |
10.090 |
4.060 |
|
Pukhraj Somchand Jain |
0.000 |
15.677 |
0.079 |
0.990 |
16.746 |
1.044 |
15.702 |
|
Dharmendra Pukhraj Jain |
0.000 |
0.675 |
0.002 |
1.484 |
2.162 |
1.056 |
1.106 |
|
Total |
9.405 |
20.826 |
0.449 |
4.949 |
35.630 |
13.318 |
22.312 |
FINANCIAL DATA
[all figures are
in Rupees Million]
PROVISIONAL
BALANCE SHEET
|
Liabilities |
31.03.2015 |
Assets |
31.03.2015 |
|
|
|
|
|
|
Capital Account |
21.815 |
Fixed Assets |
0.553 |
|
Loan |
26.543 |
Debtors |
420.643 |
|
Brokers |
0.270 |
Loan and Advance |
4.606 |
|
Capital Liabilities |
3.123 |
Deposit |
64.328 |
|
Banks |
21.820 |
|
|
|
Creditors |
416.559 |
|
|
|
|
|
|
|
|
Total |
490.130 |
Total |
490.130 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
|
31.03.2015 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
1403.994 |
|
|
|
Other Income |
|
|
17.881 |
|
|
|
TOTAL |
|
|
1421.875 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
|
|
1362.116 |
|
|
|
ACE Future Expense (Kunva) |
|
|
0.008 |
|
|
|
Advocate Fess |
|
|
0.026 |
|
|
|
Association Fees |
|
|
0.001 |
|
|
|
Audit Fees |
|
|
0.034 |
|
|
|
Bad Debt |
|
|
0.033 |
|
|
|
Bank Charges |
|
|
0.005 |
|
|
|
Bonus |
|
|
0.048 |
|
|
|
Brokerage of F and O |
|
|
0.822 |
|
|
|
Computer and Internet Expenses |
|
|
0.005 |
|
|
|
Currency future expenses |
|
|
0.267 |
|
|
|
Dalali charges |
|
|
0.530 |
|
|
|
Delivery charges |
|
|
0.069 |
|
|
|
Electrical Expenses |
|
|
0.011 |
|
|
|
Export Bales Clearing |
|
|
15.148 |
|
|
|
Export LC Advising Charge |
|
|
0.018 |
|
|
|
Export Quality Allowance |
|
|
6.390 |
|
|
|
Export Related Bank Charges |
|
|
0.332 |
|
|
|
Export Sales Commission |
|
|
11.812 |
|
|
|
Freight Charges |
|
|
5.571 |
|
|
|
Salary |
|
|
1.476 |
|
|
|
Other Expenses |
|
|
12.268 |
|
|
|
TOTAL |
|
|
1416.990 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
|
4.885 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
0.098 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
|
4.787 |
|
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2014 |
31.03.2013 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Capital |
|
22.312 |
18.462 |
|
|
2] Share Application Money |
|
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
|
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
22.312 |
18.462 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
59.534 |
17.682 |
|
|
2] Unsecured Loans |
|
32.425 |
79.988 |
|
|
TOTAL BORROWING |
|
91.959 |
97.670 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
114.271 |
116.132 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
0.666 |
0.788 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
50.103 |
29.236 |
|
|
DEFERRED TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
0.000
|
0.000
|
|
|
Sundry Debtors |
|
14.768
|
15.130
|
|
|
Cash & Bank Balances |
|
0.167
|
0.286
|
|
|
Other Current Assets |
|
60.037
|
0.025
|
|
|
Loans & Advances |
|
21.327
|
209.475
|
|
Total
Current Assets |
|
96.299
|
224.916
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
28.065
|
29.971
|
|
|
Other Current Liabilities and Provisions |
|
4.732
|
108.837
|
|
Total
Current Liabilities |
|
32.797
|
138.808
|
|
|
Net Current Assets |
|
63.502
|
86.108
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
114.271 |
116.132 |
|
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1615.137 |
1197.098 |
|
|
|
Other Income |
|
48.596 |
34.335 |
|
|
|
TOTAL |
|
1663.733 |
1231.433 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase |
|
1549.340 |
1088.517 |
|
|
|
Professional Fees |
|
0.000 |
0.102 |
|
|
|
Audit Fees |
|
0.040 |
0.040 |
|
|
|
Bank Charges |
|
0.028 |
0.121 |
|
|
|
Bad Debt |
|
0.013 |
0.012 |
|
|
|
Brokerage of F and O |
|
0.420 |
0.522 |
|
|
|
Cotton Commission |
|
0.000 |
12.881 |
|
|
|
Rent |
|
0.000 |
0.244 |
|
|
|
Insurance Charges |
|
0.947 |
1.140 |
|
|
|
Office Expenses |
|
0.014 |
0.013 |
|
|
|
Registration Fee |
|
0.070 |
0.047 |
|
|
|
Sample testing |
|
0.066 |
0.534 |
|
|
|
Commodities Future Expenses |
|
0.012 |
0.000 |
|
|
|
Computer and Internet Expenses |
|
0.005 |
0.025 |
|
|
|
Currency future expenses |
|
0.092 |
0.000 |
|
|
|
Dalali charges |
|
1.067 |
0.000 |
|
|
|
Delivery charges |
|
0.058 |
0.111 |
|
|
|
Electrical Expenses |
|
0.017 |
0.028 |
|
|
|
Export LC Advising Charge |
|
4.269 |
3.144 |
|
|
|
Other Expenses |
|
87.914 |
118.006 |
|
|
|
TOTAL |
|
1644.372 |
1225.487 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
|
19.361 |
5.946 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST |
|
14.291 |
1.772 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
5.070 |
4.174 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.121 |
0.149 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
|
4.949 |
4.025 |
|
Note : Sole Proprietary and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
KEY
RATIOS
|
PARTICULARS |
|
31.03.2015 (Provisional) |
31.03.2014 |
31.03.2013 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.34 |
0.31 |
0.34 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA
|
1.20 |
0.50 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
3.37 |
1.58 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.22 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
NA
|
4.12 |
5.29 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
NA
|
2.24 |
1.16 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
|
Partner’s Capital |
18.462 |
22.312 |
|
Reserves & Surplus |
0.000 |
0.000 |
|
Net
worth |
18.462 |
22.312 |
|
|
|
|
|
Secured Loans |
17.682 |
59.534 |
|
Unsecured Loans |
79.988 |
32.425 |
|
Total
borrowings |
97.670 |
91.959 |
|
Debt/Equity
ratio |
5.290 |
4.122 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1197.098 |
1615.137 |
1403.994 |
|
|
|
34.921 |
(13.073) |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2013 |
31.03.2014 |
31.03.2015 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Sales |
1197.098 |
1615.137 |
1403.994 |
|
Profit |
4.025 |
4.949 |
4.787 |
|
|
0.34% |
0.31% |
0.34% |
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 |
Yes |
|
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 |
No |
|
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 |
No |
|
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 |
FIXED ASSETS
- Furniture and Fixture
- Plant and Machinery
- Vehicle
- Office equipment
- Computers
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 records 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.65.48 |
|
|
1 |
Rs.101.06 |
|
Euro |
1 |
Rs.72.22 |
INFORMATION DETAILS
|
Information Gathered
by : |
GAY |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
|
32 |
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.