MIRA INFORM REPORT
|
Report No. : |
349253 |
|
Report Date : |
17.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
SHRINATH ROTOPACK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.35D, IDA, Kattadan, Hyderabad – 500 077, Telangana |
|
Tel. No.: |
91-40-24361018 |
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|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
08.05.2006 |
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|
|
|
Com. Reg. No.: |
01-050109 |
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|
|
Capital
Investment / Paid-up Capital : |
Rs.81.591 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209TG2006PTC050109 |
|
|
|
|
IEC No.: |
0906013526 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS17297A |
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|
|
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PAN No.: [Permanent Account No.] |
AAJCS9881K |
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|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Flexible Packaging Materials. |
|
|
|
|
No. of Employees
: |
550 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1400000 |
|
|
|
|
Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject was incorporated in the year 2006 and it is engaged in the manufacturing business of flexible packaging materials. The company caters wide range of industries like FMCG, Food and Beverages, Agriculture, Paper and Chemicals. For the financial year ended 2014, company has reported 33.40% sales turnover growth as compared to previous sales turnover and it has maintained above average profitability margins at 2.11% during the year under a review. The Company possesses healthy operating efficiencies supported by its satisfactory financial profile along with sound net worth base and sound debt coverage indicators. Rating also continues to draw comfort from the long standing experience of the promoters in the flexible packaging business supported by company’s established track record of business operations and favorable demand prospects of flexible packaging industry thus providing revenue growth opportunity. Rating strength is partially offset by susceptibility of company’s profitability to raw material price volatility and limited ability of the company to pass on increase in input costs to its customers owing to low bargaining power with large FMCG players. Trade relations are reported as fair. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
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 |
ICRA |
|
Rating |
Long term fund based limits: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
July 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term non fund based limits: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
July 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
|
Name : |
Mr. Sunil Kumar Rathi |
|
Designation : |
Director |
|
Contact No.: |
91-9885031996 |
|
Date : |
16.11.2015 |
LOCATIONS
|
Registered Office/ Administrative Office : |
Plot No.35D, IDA, Kattadan, Hyderabad – 500 077, Telangana, India |
|
Tel. No.: |
91-40-24361018 |
|
Mobile No.: |
91-9885031996 (Mr. Sunil Kumar Rathi) |
|
Fax No.: |
91-40-24360218 |
|
E-Mail : |
|
|
Website : |
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|
Location: |
Owned |
|
|
|
|
Factory 1: |
Plot No.20, IDA, Mankhal, Maheshwaram Mandal, R.R. District – 509 359,
Andhra Pradesh, India |
|
|
|
|
Factory 2: |
Sy:No:Parto F 829, 830, 831 Burgula Village Farooqnagar,
Mahaboobnagar, Hyderabad – 509202, Telangana, India |
DIRECTORS
AS ON 10.07.2014
|
Name : |
Mr. Sunil Kumar Rathi |
|
Designation : |
Director |
|
Address : |
15-7-297, Begum Bazar, Hyderabad – 500 012, Telangana, India |
|
Date of Birth/Age : |
15.11.1974 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
08.05.2006 |
|
PAN No.: |
AANPR1538F |
|
DIN No.: |
01243072 |
|
|
|
|
Name : |
Mr. Manish Kumar Rathi |
|
Designation : |
Director |
|
Address : |
15-7-297, Begum Bazar, Hyderabad – 500 012, Telangana, India |
|
Date of Birth/Age : |
15.12.1973 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
08.05.2006 |
|
PAN No.: |
ABSPR3985L |
|
DIN No.: |
01821723 |
|
|
|
|
Name : |
Mr. Sarvesh Lahoti |
|
Designation : |
Director |
|
Address : |
8-3-167/D/248, Kalyan Nagar, Vengal Rao Nagar, Hyderabad – 500 038, Telangana, India |
|
Date of Birth/Age : |
11.11.1982 |
|
Qualification : |
Graduate |
|
Date of Appointment : |
08.05.2006 |
|
PAN No.: |
ABFPL6673E |
|
DIN No.: |
02425792 |
KEY EXECUTIVES
|
Name : |
Mr. Alwal Reddy |
|
Designation : |
Recovery Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 10.07.2014
SHAREHOLDING DETAIL FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
AS ON 10.07.2014
|
Category |
Percentage |
|
Bodies corporate |
37.68 |
|
Directors or relatives of Directors |
62.03 |
|
Other top fifty shareholders |
0.29 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Flexible Packaging Materials. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
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Products : |
Finished Goods |
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Countries : |
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Imports : |
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Products : |
Raw Material |
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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
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Suppliers : |
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Customers : |
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No. of Employees : |
550 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
|
Financial Institute: |
Electronica Finance Limited, 128/A, Plot No.3,Kailashchandra Appartments,, Paud Road, Kothrud, Pune - 411038, Maharashtra, India |
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|
|
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Auditors : |
|
|
Name : |
R B Kabra and Company Chartered Accountants |
|
Address : |
4-1-917 Parsi Lane, Tilak Road, Hyderabad -500001, Telangana, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAEFR3093C |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Companies where Key
Management Personnel/their relatives exercise significant influence : |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
12000000 |
Equity Shares |
Rs.10/- each |
Rs.120.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
8159066 |
Equity Shares |
Rs.10/- each |
Rs.81.591 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 |
81.591 |
81.591 |
81.591 |
|
(b) Reserves & Surplus |
398.831 |
319.432 |
266.951 |
|
(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) |
480.422 |
401.023 |
348.542 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
382.330 |
457.276 |
460.099 |
|
(b) Deferred tax liabilities
(Net) |
60.308 |
71.193 |
63.077 |
|
(c) Other long term
liabilities |
8.372 |
8.372 |
8.372 |
|
(d) long-term provisions |
2.044 |
1.604 |
1.086 |
|
Total
Non-current Liabilities (3) |
453.054 |
538.445 |
532.634 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
520.798 |
491.179 |
348.676 |
|
(b) Trade payables |
611.331 |
446.824 |
348.057 |
|
(c) Other current liabilities |
167.940 |
142.543 |
124.353 |
|
(d) Short-term provisions |
30.081 |
21.832 |
5.789 |
|
Total
Current Liabilities (4) |
1330.150 |
1102.378 |
826.875 |
|
|
|
|
|
|
TOTAL |
2263.626 |
2041.846 |
1708.051 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
743.706 |
810.017 |
604.184 |
|
(ii) Intangible Assets |
0.266 |
0.443 |
0.738 |
|
(iii) Capital work-in-progress |
18.974 |
14.729 |
39.390 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
17.018 |
8.581 |
4.226 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
779.964 |
833.770 |
648.538 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
508.223 |
411.184 |
335.286 |
|
(c) Trade receivables |
883.573 |
692.016 |
565.279 |
|
(d) Cash and cash equivalents |
4.452 |
7.699 |
2.677 |
|
(e) Short-term loans and
advances |
69.983 |
84.354 |
144.688 |
|
(f) Other current assets |
17.431 |
12.823 |
11.583 |
|
Total
Current Assets |
1483.662 |
1208.076 |
1059.513 |
|
|
|
|
|
|
TOTAL |
2263.626 |
2041.846 |
1708.051 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Turnover |
3758.038 |
2817.684 |
2299.976 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
248.003 |
181.578 |
219.463 |
|
|
|
|
|
|
|
|
DEPRECIATION/
AMORTISATION |
111.494 |
106.418 |
73.585 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
136.509 |
75.160 |
145.878 |
|
|
|
|
|
|
|
|
CURRENT
TAX |
55.789 |
15.000 |
30.000 |
|
|
|
|
|
|
|
|
DIFFERED
TAX |
10.886 |
8.117 |
8.488 |
|
|
|
|
|
|
|
|
EXCESS PROVISION WRITTEN OFF |
12.205 |
0.438 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER
TAX |
79.399 |
52.481 |
107.390 |
|
|
|
|
|
|
|
|
EARNINGS
IN FOREIGN CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
389.039 |
389.039 |
273.021 |
|
|
TOTAL
EARNINGS |
389.039 |
389.039 |
273.021 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
9.73 |
6.43 |
13.16 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
4080.000 |
The above information has been parted by Mr. Sunil Kumar Rathi
(Director)
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 flows from (used in) operations |
129.636 |
155.771 |
(76.423) |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
2.11 |
1.86 |
4.67 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.08 |
3.71 |
8.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28 |
0.19 |
0.42 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.88 |
2.37 |
2.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.10 |
1.28 |
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 |
81.591 |
81.591 |
81.591 |
|
Reserves & Surplus |
266.951 |
319.432 |
398.831 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
348.542 |
401.023 |
480.422 |
|
|
|
|
|
|
long-term borrowings |
460.099 |
457.276 |
382.330 |
|
Short term borrowings |
348.676 |
491.179 |
520.798 |
|
Total
borrowings |
808.775 |
948.455 |
903.128 |
|
Debt/Equity
ratio |
2.320 |
2.365 |
1.880 |
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) |
|
Turnover |
2299.976 |
2817.684 |
3758.038 |
|
|
|
22.509 |
33.373 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
2299.976 |
2817.684 |
3758.038 |
|
Profit |
107.390 |
52.481 |
79.399 |
|
|
4.67% |
1.86% |
2.11% |
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 |
Yes |
|
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 |
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 |
Note: The registered office
of the company has been shifted from Plot No.20, IDA-Mahankhal, Maheshwaram
Mandal, Mahankhal – 501 359, Andhra Pradesh, India to the present address w. e.
f. 01.06.2009
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Intercorporate deposits |
21.602 |
12.028 |
|
Loans and advances from related parties |
8.022 |
8.239 |
|
Other loans and advances, others |
125.300 |
110.655 |
|
Total |
154.924 |
130.922 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10532240 |
02/05/2015 * |
142,278,276.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G
BLOCK, BANDRA KURLA COMPLEX, BANDR |
C53798229 |
|
2 |
10476150 |
31/01/2014 |
23,855,326.00 |
ELECTRONICA FINANCE LIMITED |
128/A, PLOT NO.3,KAILASHCHANDRA
APPARTMENTS,, PAU |
B95719936 |
|
3 |
10282563 |
27/06/2014 * |
450,000,000.00 |
STATE BANK OF INDIA |
SME BRANCH, 2ND
FLOOR, CHIRAG ALI LANE, ABIDS, HY |
C10263564 |
|
4 |
10153299 |
04/03/2015 * |
370,000,000.00 |
AXIS BANK LIMITED |
CORPORATE BANKING
BRANCH,6-3-879/B, GREENLAND ROAD |
C50689801 |
|
5 |
10038341 |
28/03/2010 * |
290,000,000.00 |
AXIS BANK LTD |
6-3-879/B,
GREENLANDS ROAD,, BEGUMPET,, HYDERABAD |
A85468304 |
|
6 |
10039991 |
19/05/2014 * |
468,000,000.00 |
HDFC BANK LIMITED |
HDFC BANK HOUSESENAPATI
BAPAT MARG, LOWER PAREL W |
C17954884 |
|
7 |
80021638 |
28/12/2006 * |
75,500,000.00 |
UTI BANK LIMITED |
6-3-879/B,
GREENLANDS ROAD,, BEGUMPET,, HYDERABAD |
- |
|
8 |
90128791 |
12/03/2005 |
17,000,000.00 |
STATE BANK OF INDIA |
SAIFABAD SIB
BRANCH, HYDERABAD, ANDHRA PRADESH, IN |
- |
|
9 |
90130449 |
10/11/2004 * |
36,249,000.00 |
STATE BANK OF INDIA |
SIAFABAD SIB BRANCH,
HACA BHAWAN, HYDERABAD, AN |
- |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
- Computer equipments
- Other equipments
Intangible assets
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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.66.16 |
|
UK Pound |
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.70.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
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 |
|
45 |
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.