MIRA
INFORM REPORT
|
Report No. : |
349975 |
|
Report Date : |
18.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
PESTICIDES AND BREWERS LIMITED |
|
|
|
|
Formerly Known
As : |
PESTICIDES LIMITED |
|
|
|
|
Registered
Office : |
Chitalsar, Manpada, |
|
Tel. No.: |
91-22-22047131 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
28.10.1980 |
|
|
|
|
Com. Reg. No.: |
11-011864 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 10.500
Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
L99999MH1960PLC011864 |
|
|
|
|
IEC No.: |
0391172948 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMP08622F |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACP2251P |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s Shares are Listed on
the Stock Exchanges. |
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|
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Line of Business
: |
Trader and Distributor of Pesticides and Agrochemicals,
Chemicals, etc. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1960 and it is having
satisfactory track record. Company has achieved sales turnover of Rs. 1105.900 Million and
reported 23.32% topline growth during the year ended 2014. Rating takes into
accounts on company’s satisfactory financial profile backed by comfortable
debt protection metrics. However, rating is constrained on company’s low profitability margin,
volatility in raw material prices and competition faced by the company from
its strong peers group in pesticides and brewers businesses. Trade relations are reported to be fair. Business is active. Payment
terms are slow but correct. In view of company’s established track record, the company can be
considered for business dealings with its usual trade terms and conditions. Note: Company’s share is delisted from BSE due to Penal reasons. |
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
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. Parimal Mehta |
|
Designation : |
Director |
|
Contact No.: |
91-22-22047131 |
|
Date : |
16.11.2015 |
LOCATIONS
|
Registered Office : |
Chitalsar, Manpada, Swami Vivekananda Road, Thane – 400607,
Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Head Office : |
318 Maker Chambers V, Nariman Point, Mumbai - 400021, Maharashtra, India |
|
Tel. No.: |
91-22-22047131 |
|
Fax No.: |
91-22-22886137 |
|
E-Mail : |
info@pbltd.in |
|
|
|
|
Branch Offices : |
Located at: · Ahmedabad Bangalore Chennai Indore |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Omprakash Gurdayal Berlia |
|
Designation : |
Managing Director |
|
Address : |
2B-177, Prem Kutir, N.S. Road, Colaba,
Mumbai – 400008, Maharashtra, India |
|
Date of Appointment : |
15.03.2004 |
|
DIN No.: |
00646890
|
|
|
|
|
Name : |
Mr. Damodar Poonam Chand Vyas |
|
Designation : |
Director |
|
Address : |
C-402, Sreesiddhi Vinayak Tower, Orlem Tank Lane, Malad [West], Mumbai – 400054, Maharashtra, India |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
00647187
|
|
|
|
|
Name : |
Annie Jaquim Fernandes |
|
Designation : |
Director |
|
Address : |
203/7, Rita Mansion, Bora Bazar Street, Fort, Mumbai – 400001, Maharashtra, India |
|
Date of Appointment : |
19.04.2006 |
|
DIN No.: |
00691072
|
|
|
|
|
Name : |
Mr. Rajendrakumar Kishanlal Agarwal |
|
Designation : |
Director |
|
Address : |
21-A Meher Apartments, Altamount Road, Mumbai – 400026, Maharashtra, India |
|
Date of Appointment : |
03.11.2007 |
|
DIN No.: |
01879869
|
|
|
|
|
Name : |
Mr. Pratik Didwania |
|
Designation : |
Director |
|
Address : |
1 Ballyganj Park Road, 7A Bally-High, Kolkata – 700019, West Bengal, India |
|
Date of Birth/Age : |
13.06.1986 |
|
Date of Appointment : |
28.04.2011 |
|
DIN No.: |
01966886
|
|
|
|
|
Name : |
Mr. Parimal Vibhash Mehta |
|
Designation : |
Director |
|
Address : |
35/608, Azad Nagar-II, Veera Desai Road, Andheri (West), Mumbai - 400053, Maharashtra, India |
|
Date of Birth/Age : |
29.01.1978 |
|
Date of Appointment : |
28.04.2011 |
|
DIN No.: |
03514645
|
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
NOTE: SHAREHOLDING DETAILS FILE ATTACHED
AS ON 30.09.2014
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Public financial companies |
0.24 |
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
19.05 |
|
Bodies
corporate |
75.90 |
|
Directors
or relatives of directors |
0.09 |
|
Other
top fifty shareholders |
4.72 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader and Distributor of Pesticides and Agrochemicals,
Chemicals, etc. |
|
|
|
|
Brand Names : |
-- |
|
|
|
|
Agencies Held : |
-- |
|
|
|
|
Exports : |
-- |
|
|
|
|
Imports : |
|
|
Products : |
Chemicals |
|
Countries : |
· Korea China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit [30 days, 60 days and 90 days] |
|
|
|
|
Purchasing : |
Cash and Credit [30 days, 60 days and 90 days] |
PRODUCTION STATUS: NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users and OEMs
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No. of Employees : |
150 (Approximately) |
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Bankers : |
· Union Bank of India |
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
P.V. Page and Company Chartered Accountants |
|
Address : |
201, Sardar Griha, 198 L T Marg, Mumbai - 400006, Maharashtra, India |
|
Income-tax
PAN of auditor or auditor's firm : |
AAJFP2709A |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 15.000 Million |
|
50,000 |
Preference Shares |
Rs. 100/- each |
Rs. 5.000 Million |
|
|
|
|
|
|
|
Total |
|
Rs. 20.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1,050,000 |
Equity Shares |
Rs. 10/- each |
Rs. 10.500
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 |
10.500 |
10.500 |
10.500 |
|
(b) Reserves & Surplus |
11.538 |
3.756 |
2.125 |
|
(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) |
22.038 |
14.256 |
12.625 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
3.732 |
2.437 |
4.295 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long
term liabilities |
33.680 |
21.000 |
21.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
37.412 |
23.437 |
25.295 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b)
Trade payables |
83.335 |
118.683 |
117.726 |
|
(c)
Other current liabilities |
127.346 |
100.445 |
3.757 |
|
(d) Short-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Current
Liabilities (4) |
210.681 |
219.128 |
121.483 |
|
|
|
|
|
|
TOTAL |
270.131 |
256.821 |
159.403 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a)
Fixed Assets |
|
|
|
|
(i)
Tangible assets |
6.554 |
5.066 |
6.667 |
|
(ii)
Intangible Assets |
0.000 |
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 |
2.028 |
2.028 |
2.028 |
|
(c) Deferred tax assets (net) |
0.452 |
0.503 |
0.048 |
|
(d) Long-term Loan and Advances |
12.167 |
9.790 |
7.234 |
|
(e) Other
Non-current assets |
0.010 |
0.010 |
0.010 |
|
Total Non-Current
Assets |
21.211 |
17.397 |
15.987 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
89.977 |
85.084 |
77.343 |
|
(c)
Trade receivables |
139.469 |
140.665 |
49.558 |
|
(d) Cash
and cash equivalents |
7.052 |
4.530 |
13.425 |
|
(e) Short-term
loans and advances |
12.422 |
9.145 |
3.090 |
|
(f)
Other current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
248.920 |
239.424 |
143.416 |
|
|
|
|
|
|
TOTAL |
270.131 |
256.821 |
159.403 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from Operations |
1105.960 |
896.746 |
757.763 |
|
|
|
Other Income |
0.013 |
0.013 |
0.209 |
|
|
|
TOTAL (A) |
1105.973 |
896.759 |
757.972 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of Stock-in-Trade |
1012.262 |
833.857 |
730.014 |
|
|
|
Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
(4.894) |
(7.741) |
(19.775) |
|
|
|
Employees benefits expense |
6.831 |
5.530 |
3.222 |
|
|
|
Other expenses |
74.429 |
61.332 |
41.875 |
|
|
|
TOTAL (B) |
1088.628 |
892.978 |
755.336 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.345 |
3.781 |
2.636 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.009 |
0.504 |
0.323 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
11.336 |
3.277 |
2.313 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.303 |
1.601 |
0.973 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
10.033 |
1.676 |
1.340 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.251 |
0.045 |
0.087 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
7.782 |
1.631 |
1.253 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Components & Spares |
252.382 |
219.773 |
128.522 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
|
|
|
|
|
|
Basic
|
9.55 |
1.60 |
1.28 |
|
|
|
Diluted
|
9.55 |
1.60 |
1.25 |
|
|
PARTICULARS |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
1500.000 |
|
|
|
|
|
The above information has been parted by Mr. Parimal Mehta [Director]
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
0.000 |
0.000 |
1.715 |
|
|
|
|
|
|
Cash generated from operations |
NA |
NA |
NA |
|
|
|
|
|
|
Net Cash flow from (used in) Operations |
(64.334) |
(3.726) |
21.765 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.70 |
0.18 |
0.17 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
1.57 |
0.42 |
0.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.75 |
0.66 |
0.85 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.46 |
0.12 |
0.11 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.17 |
0.17 |
0.48 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.09 |
1.18 |
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 |
10.500 |
10.500 |
10.500 |
|
Reserves & Surplus |
2.125 |
3.756 |
11.538 |
|
Money received against share warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
12.625 |
14.256 |
22.038 |
|
|
|
|
|
|
Long-term borrowings |
4.295 |
2.437 |
3.732 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
CURRENT MATURITIES OF LONG-TERM DEBTS |
1.715 |
0.000 |
0.000 |
|
Total
borrowings |
6.010 |
2.437 |
3.732 |
|
Debt/Equity ratio |
0.476 |
0.171 |
0.169 |
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 |
757.763 |
896.746 |
1105.960 |
|
|
|
18.341 |
23.330 |
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 |
757.763 |
896.746 |
1105.960 |
|
Profit |
1.253 |
1.631 |
7.782 |
|
|
0.17% |
0.18% |
0.70% |
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) |
Yes |
|
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 |
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 |
10593167 |
03/09/2015 |
485,000,000.00 |
UNION BANK OF
INDIA |
MAHALAXMI
CHAMBERS, 22, BHULABHAI DESAI ROAD, MUMBAI, MAHARASHTRA - 400026, INDIA |
C65282295 |
OPERATONS:
The company activity was local trading and import of chemicals. During the year it has register the growth of 18.92% as compared to last year’s sales. Due to stiff competition and Foreign Currency fluctuation profitability of the company has been severely affected. The directors hope to achieve better results during the current year.
FIXED ASSETS:
·
Land
Buildings
Furniture
and fixtures
Vehicles
Office
equipment
Computer
equipments
Other
equipments
Copyrights,
patents and other operating rights
Patents
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 governmen 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. 65.98 |
|
|
1 |
Rs. 100.11 |
|
Euro |
1 |
Rs. 70.35 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
BVA |
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 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.