MIRA INFORM REPORT
|
Report No. : |
348621 |
|
Report Date : |
05.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
FORTUNE GOURMET SPECIALITIES PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
FORTUNE APPARELS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
107, Adhyaru Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai
– 400013, Maharashtra |
|
Tel. No.: |
91-22-24926845 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
28.09.1971 |
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|
|
|
Com. Reg. No.: |
11-015356 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 0.350
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101MH1971PTC015356 |
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|
|
|
IEC No.: |
0388063319 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
|
|
PAN No.: [Permanent Account No.] |
AAACF4952B |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader and Importer of Cheese Meat and Other Dairy Products. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (53) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 612600 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
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|
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Litigation : |
Clear |
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|
Comments : |
Subject is an old and established company incorporated in the year
1971 having a good track record. Available financial indicates company strong financial risk profile
marked by healthy reserves position with negligible debt and decent profit
margin of the company. Further, the rating also takes into consideration favorable gap
between trade payables and trade receivables. Trade relations are reported as fair. Business is active. Payment
terms are reported to be regular and as per commitment. 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
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. Mahendra Ved |
|
Designation : |
Finance Department |
|
Contact No.: |
91-9833136958 |
|
Date : |
28.08.2015 |
LOCATIONS
|
Registered Office : |
107, Adhyaru Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai
– 400013, Maharashtra, India |
|
Tel. No.: |
91-22-24926845 |
|
Mobile No.: |
91-9833136958 (Mr. Mahendra Ved) |
|
Fax No.: |
91-22-24950387 |
|
E-Mail : |
|
|
Website : |
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|
Area : |
3450 Sq. ft. |
|
Location : |
Owned |
|
Locality : |
Industrial |
|
|
|
|
Warehouse 1 : |
JWL Cool Store Private Limited 153, National Highway, 48 Panvel GNBT Highway, Village Palghar, Raigad
– 410206, Maharashtra, India |
|
|
|
|
Warehouse 2 : |
Veritas Logistics Private Limited CMPCS Compound, Plot No 1-C, Near Libra Kata Kalamboli, Navi Mumbai – 410218, Maharashtra, India |
|
|
|
|
Mumbai Head Office
/ Cold Storage 1 : |
Galla Nos. 108 & 227, 107, Adhyaru Industrial Estate, Sun Mill Compound, Lower Parel, Mumbai – 400013, Maharashtra, India |
|
Tel. No.: |
91-22-43664444 |
|
Fax No.: |
91-22-24950387 |
|
|
|
|
Other Cold Storage
: |
Located at: · New Delhi · Bangalore · Margao, Goa · Secunderabad · Chennai ·
Pune |
|
|
|
|
Branch Offices : |
Located at: · New Delhi · Mumbai · Pune · Hyderabad · Kolkata · Goa · Bangalore · Chennai |
DIRECTORS
AS ON 26.09.2014
|
Name : |
Jehangir Darius Lawyer |
|
Designation : |
Director |
|
Address : |
54A, Meher Apartment, Anstey Road, Altamount Road, Mumbai – 400026,
Maharashtra, India |
|
Date of Birth/Age : |
03.07.1969 |
|
Date of Appointment : |
01.02.2002 |
|
DIN No.: |
00272635 |
|
|
|
|
Name : |
Falaqnaz Darius Lawyer |
|
Designation : |
Director |
|
Address : |
54A, Meher Apartment, Anstey Road, Altamount Road, Mumbai – 400026, Maharashtra,
India |
|
Date of Birth/Age : |
25.10.1939 |
|
Date of Appointment : |
30.12.1981 |
|
DIN No.: |
00272793 |
KEY EXECUTIVES
|
Name : |
Mr. Mahendra Ved |
|
Designation : |
Finance Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2014
|
Names of Shareholders |
No. of Shares |
Percentage of Holding |
|
Falaqnaz Darius Lawyer |
1096 |
31.31 |
|
Jehangir Darius Lawyer |
2404 |
68.69 |
|
|
|
|
|
Total |
3500 |
100.00 |
AS ON 26.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Directors
or relatives of directors |
100.00 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Cheese Meat and Other Dairy Products. |
|
|
|
|
Brand Names : |
-- |
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|
|
|
Agencies Held : |
-- |
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|
|
|
Exports : |
-- |
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|
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Imports : |
|
|
Products : |
Cheese Meat and Other Dairy Products |
|
Countries : |
· Australia · Netherland · USA · Denmark · Italy · Belgium |
|
|
|
|
Terms : |
|
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Selling : |
Cash and Credit |
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|
|
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Purchasing : |
Cash and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
100 (Approximately) |
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Bankers : |
· HDFC Bank Limited HDFC Bank House, Senapati Bapat Marg, Lower Parel [West], Mumbai - 400013, Maharashtra, India Cash Credit = Rs. 15.000 Million |
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Facilities : |
|
|
Banking
Relations : |
-- |
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|
|
|
Auditors : |
|
|
Name : |
R.K. Jhunjhunwala and Associates Chartered Accountants |
|
Address : |
204, Apollo Complex, R.K. Singh Marg, Parsi Panchayat Cross Road,
Andheri (East), Mumbai – 400069, Maharashtra, India |
|
Tel. No.: |
91-22-28252436/ 66715519 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAOFR3076M |
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Memberships : |
-- |
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|
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Collaborators : |
-- |
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|
|
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Related Party : |
Anor Finance Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5,000 |
Equity Shares |
Rs. 100/- each |
Rs. 0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,500 |
Equity Shares |
Rs. 100/- each |
Rs. 0.350
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 |
0.350 |
0.350 |
0.350 |
|
(b) Reserves & Surplus |
214.063 |
166.640 |
128.483 |
|
(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) |
214.413 |
166.990 |
128.833 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
14.348 |
18.200 |
14.876 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.061 |
0.026 |
|
(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) |
14.348 |
18.261 |
14.902 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
20.566 |
26.736 |
|
(b)
Trade payables |
21.392 |
44.300 |
40.968 |
|
(c)
Other current liabilities |
12.187 |
18.413 |
16.645 |
|
(d)
Short-term provisions |
17.600 |
16.590 |
13.540 |
|
Total
Current Liabilities (4) |
51.179 |
99.869 |
97.889 |
|
|
|
|
|
|
TOTAL |
279.940 |
285.120 |
241.624 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
19.096 |
16.746 |
10.046 |
|
(ii)
Intangible Assets |
0.332 |
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 |
73.710 |
20.347 |
9.349 |
|
(c) Deferred tax assets
(net) |
0.213 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
27.022 |
31.827 |
26.282 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
120.373 |
68.920 |
45.677 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
18.083 |
50.050 |
34.002 |
|
(c)
Trade receivables |
91.112 |
112.326 |
95.452 |
|
(d)
Cash and cash equivalents |
26.832 |
34.983 |
49.722 |
|
(e)
Short-term loans and advances |
2.804 |
6.268 |
2.012 |
|
(f)
Other current assets |
20.736 |
12.573 |
14.759 |
|
Total
Current Assets |
159.567 |
216.200 |
195.947 |
|
|
|
|
|
|
TOTAL |
279.940 |
285.120 |
241.624 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
516.328 |
490.837 |
389.343 |
|
|
|
Other Income |
13.178 |
8.829 |
2.953 |
|
|
|
TOTAL |
529.506 |
499.666 |
392.296 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
464.757 |
444.884 |
350.125 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
64.749 |
54.782 |
42.171 |
|
|
|
|
|
|
|
|
|
|
PROVISION FOR
TAXES |
17.600 |
16.590 |
13.540 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
47.423 |
38.157 |
28.631 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
165.688 |
127.531 |
98.900 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
213.111 |
165.688 |
127.531 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
13549 |
10902 |
8180 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
460.000 |
|
|
|
|
(Due to Market
Fluctuation) |
Expected Sales (2015-2016): Rs.580.000 Million
The above information has been parted by Mr. Mahendra Ved (Finance
Department)
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 |
|
|
|
|
|
|
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) |
(%) |
9.18 |
7.77 |
7.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
31.43 |
20.69 |
18.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.33 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.07 |
0.23 |
0.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.12 |
2.16 |
2.00 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particulars |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.350 |
0.350 |
0.350 |
|
Reserves & Surplus |
128.483 |
166.640 |
214.063 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
128.833 |
166.990 |
214.413 |
|
|
|
|
|
|
Long-term borrowings |
14.876 |
18.200 |
14.348 |
|
Short term borrowings |
26.736 |
20.566 |
0.000 |
|
Total
borrowings |
41.612 |
38.766 |
14.348 |
|
Debt/Equity ratio |
0.323 |
0.232 |
0.067 |
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 |
389.343 |
490.837 |
516.328 |
|
|
|
26.068 |
5.193 |
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 |
389.343 |
490.837 |
516.328 |
|
Profit |
28.631 |
38.157 |
47.423 |
|
|
7.35% |
7.77% |
9.18% |
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 |
No |
|
19 |
Major customers |
No |
|
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 three years |
Yes |
|
27 |
Reasons for variation <> 20% |
Yes |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10148470 |
02/03/2009 |
27,000,000.00 |
DENA BANK |
SUN INDUSTRIAL ESTATE, BLOCK NO.11/12/13,
LOWER |
A58652157 |
|
2 |
80014777 |
02/03/2009 * |
27,000,000.00 |
DENA BANK |
SUN INDUSTRIAL ESTATE, BLOCK NO.11/12/13,
LOWER |
A58652660 |
|
3 |
90161617 |
01/07/1981 |
750,000.00 |
DENA BANK |
17; HARNIMAN CIRCLE, FORT, BOMBAY,
MAHARASHTRA - 400001, INDIA |
- |
|
4 |
90161531 |
19/01/1985 * |
1,200,000.00 |
DENA BANK |
17;HARNIMAN CIRCLE, FORT, BOMBAY,
MAHARASHTRA - 400001, INDIA |
- |
|
5 |
90161429 |
06/07/1976 |
300,000.00 |
DENA BANK |
17;HARNIMAN CIRCLE, FORT; ADVANCES; LEGAL
SECTION, BOMBAY, MAHARASHTRA - 400001, INDIA |
- |
|
6 |
90161404 |
25/10/1975 |
450,000.00 |
DENA BANK |
17;HARNIMAN CIRCLE, FORT, BOMBAY,
MAHARASHTRA - 400001, INDIA |
- |
|
7 |
90161383 |
07/01/1975 |
160,000.00 |
DENA BANK |
HARNIMAN CIRCLE, FORT, BOMBAY, MAHARASHTRA
- 400001, INDIA |
- |
|
8 |
90161364 |
24/06/1974 |
250,000.00 |
DENA BANK |
HARNIMAN CIRCLE, FORT, BOMBAY, MAHARASHTRA
- 400001, INDIA |
- |
|
9 |
90161324 |
18/03/1973 |
400,000.00 |
DENA BANK |
17;HARNIMAN CIRCLE, FORT, BOMBAY,
MAHARASHTRA - 400001, INDIA |
- |
|
10 |
90161320 |
12/01/1973 |
12,000.00 |
DENA BANK |
17;HARNIMAN CIRCLE, FORT, BOMBAY,
MAHARASHTRA - 400001, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Directors and Shareholders
|
11.753 |
14.880 |
|
|
|
|
|
Total |
11.753 |
14.880 |
BACKGROUND
Subject is a private limited company incorporated on 28.09.1971 under
the provisions of Companies Act 1956. Fortune is built on a dedication and
overriding passion for good food. The company trades in cheese, processed
meats, seafood, pasta and other specialty products majorly imported. They
source their products from Europe, the Far East, Australia, USA and India.
FIXED ASSETS:
· Factory Premises
· Leasehold Premises
· Plant and Machinery
· Office Equipment
· Furniture and Fixture
· Computer
· Vehicle
· CWIP Cold Storage
· Software
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. 65.57 |
|
|
1 |
Rs. 101.13 |
|
Euro |
1 |
Rs. 71.80 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--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 |
|
53 |
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.