MIRA INFORM REPORT
|
Report No. : |
350059 |
|
Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAM KISHORE NAGARMAL MARKETING PRIVATE LIMITED |
|
|
|
|
Formerly Known
As : |
APOORVA INTERNATIONAL PRIVATE LIMITED
|
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|
|
|
Registered
Office : |
4032, Chawari Bazar, New Delhi - 110 006 |
|
Tel. No.: |
91-11-23849356 / 23841298 |
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|
|
Country : |
India |
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|
|
Financials (as
on) : |
31.03.2014 |
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|
|
Date of
Incorporation : |
11.03.1996 |
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|
|
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Com. Reg. No.: |
55-077053
|
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 22.082 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1996PTC077053 |
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|
|
|
IEC No.: |
Not Divulged |
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|
|
TAN No.: [Tax Deduction and
Collection Account No.] |
Not Available |
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|
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PAN No.: [Permanent Account No.] |
Not Available |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
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Line of Business
: |
Trader and Importer of Paper, Aluminum Foil, Food Products, all kind
of Films, etc. |
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|
|
|
No. of Employees
: |
22 (Approximately) |
RATING and COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 180000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company incorporated in the year 1996. It is
having moderate track. As per registrar of companies the date of balance sheet (i.e.
financial field) is shown as 31.03.2015 but document related to financial for
the year ending 2015 is not available from any source. Rating takes into consideration moderate financial risk profile of the
company marked by leveraged capital structure in FY14. The company has
reported decrease in its sales turnover in the year under consideration along
with thin profit margin. Trade relations are fair. Business is active. Payment terms are
reported to be slow but correct. In view of huge borrowings, 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 |
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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 (GENERAL DETAILS)
|
Name : |
Mr. Anil Kumar Bansal |
|
Designation : |
Director |
|
Contact No.: |
91-9810056055 |
|
Date : |
13.11.2015 |
LOCATIONS
|
Registered Office : |
4032, Chawari Bazar, New Delhi-110 006, India |
|
Tel. No.: |
91-11-23849356/ 23841298 |
|
Mobile No.: |
91-9810056055 (Mr. Anil) |
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Fax No.: |
91-11-23844437 |
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E-Mail : |
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|
Website : |
Not Available |
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Area : |
250 Sq. Ft. |
|
Location : |
Rented |
|
Locality : |
Commercial |
|
|
|
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Branch Office : |
D-158, Kamla Nagar, Delhi-110007, India |
|
Area : |
1500 Sq. Ft. |
|
Location : |
Owned |
|
|
|
|
Warehouse : |
Badli, Near Sanjay Gandhi Transport Nagar, New Delhi-110042, India |
|
Area : |
18000 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Anil Kumar
Bansal |
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|
Designation : |
Director |
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Address : |
3 Park Avenue, Maharani
Bagh, Delhi-110065, Delhi, India |
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Date of Birth/Age : |
06.11.1961
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Date of Appointment : |
18/04/2001 |
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DIN No.: |
00418583 |
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Other Directorship :
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Name : |
Renu Bansal |
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|
Designation : |
Director |
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|
Address : |
3 Park Avenue, Maharani
Bagh, Delhi-110065, Delhi, India |
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Date of Birth/Age : |
29.11.1961
|
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Date of Appointment : |
18.04.2001 |
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DIN No.: |
00418618 |
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Other Directorship :
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|
|||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Shivansh
Bansal |
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|
Designation : |
Director |
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|
Address : |
3, Park Avenue, Maharani
Bagh, New Delhi-110065, Delhi, India |
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Date of Birth/Age : |
17.06.1993
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Date of Appointment : |
17.03.2012 |
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DIN No.: |
05229525 |
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Other Directorship :
|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mr.
Anil Kumar Bansal |
|
359477 |
|
Mrs.
Renu Bansal |
|
359477 |
|
Mr.
Shivansh Bansal |
|
430254 |
|
Anil
Kumar Bansal Huf |
|
430877 |
|
Aakshi
Bansal |
|
100000 |
|
Nagar
Mal Shakuntla Devi Trust |
|
179377 |
|
Ram
Kishore Organies Private Limited |
|
150000 |
|
R.K.S
Global Agencies Private Limited |
|
198738 |
|
Total |
|
2208200 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2014
|
Category |
Percentage |
|
Bodies corporate |
15.79 |
|
Directors or relatives of Directors |
76.09 |
|
Other top fifty shareholders |
8.12 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Importer of Paper, Aluminum Foil, Food Products, all kind
of Films, etc. |
|
|
|
|
Products : |
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|
|
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Brand Names : |
Not Divulged |
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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 : |
Finished Goods |
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Countries : |
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Terms : |
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Selling : |
Cash, L/C and Credit |
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Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
22 (Approximately) |
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Bankers : |
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Facilities : |
Note: LONG TERM BORROWINGS: 1) ICICI Bank Car Loan (Jaguar)
|
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Auditors : |
|
|
Name : |
V.D. Aggarwal and Company Chartered Accountants |
|
Address : |
B.M. 1, Abhipra Complex ,Dilkush Industrial Area, Delhi - 110033,
India |
|
Tel. No.: |
91-11-42390909/ 42390901 |
|
Fax No.: |
91-11-42390911 |
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PAN No.: |
AACFV2352A |
|
|
|
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Branch Office : |
G.F. 58.59, World Trade Centre, Barakhamba Lane, New Delhi-110001,
India |
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Tel. No.: |
91-11-23414629 |
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Fax No.: |
91-11-23414503 |
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Collaborators : |
Not Divulged |
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Membership : |
Not Divulged |
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Associate
Concerns/Parties : |
|
CAPITAL STRUCTURE
AS ON 29.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3,000,000 |
Equity Shares |
Rs. 10/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2,208,200 |
Equity Shares |
Rs. 10/- each |
Rs. 22.082 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 |
22.082 |
22.082 |
22.082 |
|
(b) Reserves and Surplus |
41.881 |
38.086 |
29.570 |
|
(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) |
63.963 |
60.168 |
51.652 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
42.042 |
60.412 |
59.358 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.002 |
|
(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) |
42.042 |
60.412 |
59.360 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
189.023 |
157.561 |
107.638 |
|
(b) Trade
payables |
40.724 |
34.559 |
66.049 |
|
(c) Other
current liabilities |
23.288 |
9.274 |
12.768 |
|
(d) Short-term
provisions |
3.445 |
3.305 |
2.843 |
|
Total Current
Liabilities (4) |
256.480 |
204.699 |
189.298 |
|
|
|
|
|
|
TOTAL |
362.485 |
325.279 |
300.310 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
14.048 |
15.692 |
9.203 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
10.146 |
2.686 |
1.035 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
2.686 |
|
(c) Deferred tax assets (net) |
0.298 |
(0.542) |
0.000 |
|
(d) Long-term Loan and Advances |
1.141 |
1.339 |
0.535 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
25.633 |
19.175 |
13.459 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
119.050 |
57.755 |
82.368 |
|
(c) Trade
receivables |
173.649 |
207.914 |
133.072 |
|
(d) Cash
and cash equivalents |
3.524 |
9.298 |
19.576 |
|
(e)
Short-term loans and advances |
26.568 |
13.098 |
35.547 |
|
(f) Other
current assets |
14.061 |
18.039 |
16.288 |
|
Total
Current Assets |
336.852 |
306.104 |
286.851 |
|
|
|
|
|
|
TOTAL |
362.485 |
325.279 |
300.310 |
PROFIT
AND LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
672.384 |
886.594 |
952.778 |
|
|
Other Income |
23.044 |
5.469 |
16.646 |
|
|
TOTAL SALES |
695.428 |
892.063 |
969.424 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
705.681 |
878.511 (Including Financial Expenses) |
959.278 (Including Financial Expenses) |
|
|
Purchases of
Stock-in-Trade |
(61.296) |
||
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
1.994 |
||
|
|
Employees benefits
expense |
|
||
|
|
Other expenses |
19.660 |
||
|
|
Exceptional Items |
1.475 |
||
|
|
TOTAL EXPENSES |
667.514 |
||
|
|
|
|
||
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
27.914 |
||
|
|
|
|
||
|
Less |
FINANCIAL EXPENSES |
19.171 |
||
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
8.743 |
13.552 |
10.146 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
2.641 |
1.532 |
1.412 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
6.102 |
12.020 |
8.734 |
|
|
|
|
|
|
|
Less |
TAX |
2.307 |
3.505 |
3.018 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
3.795 |
8.515 |
5.716 |
|
|
|
|
|
|
|
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
38.085 |
29.570 |
13.854 |
|
|
|
|
|
|
|
|
|
Balance Carried to the
Balance Sheet |
41.880 |
38.085 |
29.570 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
1.72 |
3.86 |
2.59 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
690.000 |
Expected Sales (2015-2016): Rs.750.000 Million
The above information has been parted by Mr. Anil Bansal (Director).
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.533 |
1.759 |
0.000 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Cash Flow generated From Operating Activities |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
0.56 |
0.96 |
0.60 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
4.15 |
1.53 |
1.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
1.73 |
3.72 |
2.94 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10 |
0.20 |
0.17 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
3.64 |
3.65 |
3.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.31 |
1.50 |
1.52 |
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 |
22.082 |
22.082 |
22.082 |
|
Reserves and Surplus |
29.570 |
38.086 |
41.881 |
|
Net
worth |
51.652 |
60.168 |
63.963 |
|
|
|
|
|
|
long-term borrowings |
59.358 |
60.412 |
42.042 |
|
Short term borrowings |
107.638 |
157.561 |
189.023 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
0.000 |
1.759 |
1.533 |
|
Total
borrowings |
166.996 |
219.732 |
232.598 |
|
Debt/Equity ratio |
3.233 |
3.652 |
3.636 |
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 |
952.778 |
886.594 |
672.384 |
|
|
|
(6.946) |
(24.161) |
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
|
952.778 |
886.594 |
672.384 |
|
Profit |
5.716 |
8.515 |
3.795 |
|
|
0.60% |
0.96% |
0.56% |
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 |
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 three 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 |
GENERAL REVIEW:
The company’s performance was not satisfactory during the year. The company could not achieve its turnover as well it could not achieve its target of Net Profit. Directors are hopeful that the company shall be able to achieve its target of Net Profit in the year to come. The future of the company seems to be bright.
INDEX OF CHARGE:
|
SR. NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10454115 |
16/03/2015 * |
210,000,000.00 |
DBS BANK LTD. |
CAPITAL POINT, BABA KHARAK SINGH MARG,
CONNAUGHT |
C56844046 |
|
2 |
10324075 |
28/11/2011 |
48,900,000.00 |
RELIANCE CAPITAL LTD |
"H" BLOCK 1ST FLOOR, Dhirubhai
Ambani Knowledge C |
B28198372 |
*Date of modification Charges
FIXED ASSETS:
- Land and Building
- Plant and Machinery
- Furniture and Fittings
- Vehicle
- Electrical Installation
- Office Equipment
- Fax Machine
- Generator
- Computer
- Computer Software
- Ups
- Laptop
- Air Conditioner
- Epabx System
- Pager
- Water Purifier
- Fridge
- Cell Phone
- Invertor
- Cctv Camera
- Music System
- Weight Machine
- Pump
- Photo Copier
- Printer
REPORT (Corruption, Money Laundering and 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
: |
KIN |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER
|
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
31 |
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 and 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.