MIRA INFORM REPORT
|
Report No. : |
349906 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHHAJED FOODS PRIVATE LIMITED (w.e.f.15.02.2007) |
|
|
|
|
Formerly Known
As : |
CHHAJER FOODS PRIVATE LIMITED |
|
|
|
|
Registered Office
: |
2, Suraj Estate, Near Plot No. 3757, G.I.D.C. Phase - IV, Vatva,
Ahmedabad - 382445, Gujarat |
|
Tel. No.: |
91-79-40084334 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
19.12.1996 |
|
|
|
|
Com. Reg. No.: |
04-031332 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 37.300 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U45209GJ1996PTC031332 |
|
|
|
|
IEC No.: |
0803008350 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
AHMC00323B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACC7802K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and
Supplier of premium quality Ready-to-fry Snack Pellets and Ready-to-boil Pastas. |
|
|
|
|
No. of Employees
: |
200 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 1996 having
moderate track. The company has shown significant growth in its turnover and profit of
the company. However, the rating is constrained by huge borrowings recorded by the
company and unfavorable gap between trade payables and trade receivables. Their trade relations are reported as fair. Business is active.
Payments terms are as slow but correct. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = BB |
|
Rating Explanation |
Moderate risk of default |
|
Date |
26.11.2014 |
|
|
|
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4+ |
|
Rating Explanation |
Minimal degree of safety. It carry very high
credit risk |
|
Date |
26.11.2014 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Nirav Patel |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-79-40084334 |
|
Date : |
10.11.2015 |
LOCATIONS
|
Registered Office/ Factory : |
2, Suraj Estate, Near Plot No. 3757, G.I.D.C. Phase - IV, Vatva,
Ahmedabad - 382445, Gujarat, India |
|
Tel. No.: |
91-79-40084334/ 40084335 |
|
Mobile No.: |
91-9879007940 (Mr. Sandeep Chhajed) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Locality : |
Industrial |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Shubhkaran Surajmal Chhajed |
|
Designation : |
Director |
|
Address : |
A/2, Vijay Tower, Opposite Kankaria Police Chowky,
Kankaria, Ahmedabad – 380022, Gujarat, India. |
|
Date of Birth/Age : |
05.05.1947 |
|
Qualification : |
S.S.C. |
|
Date of Appointment : |
19.12.1996 |
|
DIN No.: |
00450643 |
|
|
|
|
Name : |
Mr. Rajesh Shubh Karan Chhajed |
|
Designation : |
Director |
|
Address : |
B-502, Ratnakar-3, Prerna Tirth Derasar Road, Satelllite,
Ahmedabad-380015, Gujarat, India |
|
Date of Birth/Age : |
A/2, |
|
Qualification : |
07.06.1971 |
|
Date of Appointment : |
B. Com. |
|
DIN No.: |
19.12.1996 |
|
|
|
|
Name : |
Mr. Nikunj Subhkaran Chhajer |
|
Designation : |
Director |
|
Address : |
A/2, |
|
Date of Birth/Age : |
21.03.1976 |
|
Qualification : |
B. Com. |
|
Date of Appointment : |
01.04.2000 |
|
DIN No.: |
00451013 |
|
|
|
|
Name : |
Mr. Sandeep Shubhkaran Chhajed |
|
Designation : |
Director |
|
Address : |
A/2, |
|
Date of Birth/Age : |
13.05.1978 |
|
Qualification : |
B. Com. |
|
Date of Appointment : |
01.04.2000 |
|
DIN No.: |
01674196 |
KEY EXECUTIVES
|
Name : |
Mr. Nirav Patel |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Shubhakaran Surajmal Chhajed |
|
284840 |
|
Rajesh Shubhakaran Chhajed |
|
285694 |
|
Nikunj Chhajed |
|
290240 |
|
Sandeep Chhajed |
|
290956 |
|
Shubhakaran Chhajed |
|
85500 |
|
Sangeeta Inderchand Sethia |
|
54400 |
|
Seema Nikunj Chajed |
|
283800 |
|
Brijilatta Shubhakaran Chhajed |
|
340014 |
|
Ruchika Sandeep Chajed |
|
273034 |
|
Suraj Ramlal Bucha Jointly |
|
34 |
|
Sudha Surajmal Bucha |
|
34 |
|
Sumit Kumar Maloo |
|
34 |
|
Rita R Chhajed |
|
323000 |
|
Wisnom Professionals Private L:imited |
|
258400 |
|
Shubhakaran S. Chhajed - HUF |
|
150000 |
|
Rajesh Chhajed Jt. With Rita R Chhajed |
|
60000 |
|
Arvindbhai Patel |
|
10 |
|
Tapasvi Arvindhabhai Patel |
|
10 |
|
Total |
|
2980000 |
AS ON 29.09.2012
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Bodies
corporate |
8.67 |
|
Directors
or relatives of directors |
91.32 |
|
Other
top fifty shareholders |
0.01 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and
Supplier of premium quality Ready-to-fry Snack Pellets and Ready-to-boil Pastas. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers and Retailers
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No. of Employees : |
200 (Approximately) |
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Bankers : |
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|
|||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bhanwar Jain and Company Chartered Accountants |
|
Address : |
302, Kaling Complex, Near Mount Carmel School, Ashram Road, Ahmedabad-
380009, Gujarat, India. |
|
Tel. No.: |
91-79-26583107 |
|
Mobile No.: |
91-9998804450 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AACFB8898F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 29.09.2012
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 |
|
|
|
|
|
|
2980000 |
Equity Shares |
Rs. 10/- each |
Rs. 29.800
Million |
|
|
|
|
|
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs. 10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3730000 |
Equity Shares |
Rs. 10/- each |
Rs. 37.300
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 |
37.300 |
29.800 |
29.800 |
|
(b) Reserves & Surplus |
55.355 |
29.519 |
27.504 |
|
(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) |
92.655 |
59.319 |
57.304 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) Long-term borrowings |
202.474 |
155.306 |
103.998 |
|
(b) Deferred tax liabilities (Net) |
7.648 |
1.583 |
0.560 |
|
(c)
Other long term liabilities |
2.089 |
0.961 |
0.305 |
|
(d)
long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
212.211 |
157.850 |
104.863 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
82.501 |
80.053 |
34.969 |
|
(b)
Trade payables |
49.371 |
44.013 |
15.221 |
|
(c)
Other current liabilities |
41.182 |
33.661 |
1.494 |
|
(d)
Short-term provisions |
5.403 |
0.615 |
2.079 |
|
Total
Current Liabilities (4) |
178.457 |
158.342 |
53.763 |
|
|
|
|
|
|
TOTAL |
483.323 |
375.511 |
215.930 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
200.709 |
211.409 |
20.915 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
74.775 |
0.000 |
16.740 |
|
(iv) Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
0.147 |
0.047 |
0.047 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan
and Advances |
0.177 |
2.062 |
89.159 |
|
(e)
Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
275.808 |
213.518 |
126.861 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
83.740 |
49.148 |
18.414 |
|
(c)
Trade receivables |
31.888 |
61.804 |
43.896 |
|
(d)
Cash and cash equivalents |
78.560 |
44.971 |
20.013 |
|
(e)
Short-term loans and advances |
8.301 |
3.995 |
5.880 |
|
(f)
Other current assets |
5.026 |
2.075 |
0.866 |
|
Total
Current Assets |
207.515 |
161.993 |
89.069 |
|
|
|
|
|
|
TOTAL |
483.323 |
375.511 |
215.930 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
124.814 |
110.961 |
|
|
|
Other Income |
|
0.010 |
0.011 |
|
|
|
TOTAL (A) |
310.024 |
124.824 |
110.972 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
228.914 |
107.266 |
92.612 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
81.110 |
17.558 |
18.360 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
23.561 |
4.871 |
8.703 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
57.549 |
12.687 |
9.657 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
30.543 |
9.459 |
3.476 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
27.006 |
3.228 |
6.181 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
8.479 |
1.023 |
1.931 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
18.527 |
2.205 |
4.250 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
15.978 |
20.700 |
13.050 |
|
|
TOTAL EARNINGS |
15.978 |
20.700 |
13.050 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.22 |
0.74 |
1.43 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
29.875 |
26.778 |
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) |
(%) |
NA |
1.77 |
3.83 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
26.16 |
14.07 |
16.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.61 |
0.86 |
3.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.05 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
3.40 |
4.42 |
2.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.16 |
1.02 |
1.66 |
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 |
29.800 |
29.800 |
37.300 |
|
Reserves & Surplus |
27.504 |
29.519 |
55.355 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
57.304 |
59.319 |
92.655 |
|
|
|
|
|
|
Long-term borrowings |
103.998 |
155.306 |
202.474 |
|
Short term borrowings |
34.969 |
80.053 |
82.501 |
|
CURRENT MATURITIES OF
LONG-TERM DEBTS |
0.000 |
26.778 |
29.875 |
|
Total
borrowings |
138.967 |
262.137 |
314.850 |
|
Debt/Equity
ratio |
2.425 |
4.419 |
3.398 |
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 |
110.972 |
124.824 |
310.024 |
|
|
|
12.482 |
148.369 |
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 |
110.972 |
124.824 |
310.024 |
|
Profit |
4.250 |
2.205 |
18.527 |
|
|
3.83% |
1.77% |
5.98% |
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 |
Yes |
|
17 |
Details of sister concerns |
No |
|
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% |
-- |
|
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 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
90107331 |
08/08/2014 * |
428,600,000.00 |
BANK OF BARODA |
BHADRA BRANCH,, OPP. DINBAI TOWER, LAL DARWAJA, AHMEDABAD- 380001, GUJARAT, INDIA |
C16167470 |
|
2 |
90105310 |
11/12/2003 |
10,500,000.00 |
BANK OF BARODA |
BHADRA BRANCH ; LAL DARWANA, AHMEDABAD, MAHARASHTRA, INDIA |
- |
* Date of charge modification
UNSECURED LOANS
|
PARTICULARS |
31.03.2014 (Rs.
In Million) |
31.03.2013 (Rs.
In Million) |
|
LONG-TERM BORROWINGS |
|
|
|
From Related Parties |
|
|
|
- From Directors |
1.275 |
7.427 |
|
- From Shareholders |
19.852 |
19.929 |
|
- From Companies |
0.000 |
0.750 |
|
From Others |
|
|
|
- From Companies |
32.480 |
6.100 |
|
- From Banks |
1.181 |
24.933 |
|
|
|
|
|
Total |
54.788 |
59.139 |
OPERATION AND
REVIEW:
During the year the Company has achieved total revenue of Rs.310.024 Million compared to Rs.124.824 Million in the previous year. The net profit of the Company was Rs.18.527 Million. In bhyunspite of inflationary market, the Company has maintained its growth momentum and competitive edge, as could be seen from the above figures.
FIXED ASSETS:
Tangible Assets
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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. 66.14 |
|
|
1 |
Rs. 100.55 |
|
Euro |
1 |
Rs. 71.26 |
INFORMATION DETAILS
|
Information
Gathered by : |
DIP |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
IND |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.