MIRA INFORM REPORT
|
Report No. : |
350990 |
|
Report Date : |
30.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
CHITRA PRAKASHAN (INDIA) PRIVATE LIMITED BLUEPRINT EDUCATION (A DIVISION OF CHITRA PRAKASHAN (INDIA) PRIVATE
LIMITED) |
|
|
|
|
Registered
Office : |
312, Western Kutcheri Road, Meerut – 250001, Uttar Pradesh |
|
Tel. No.: |
91-121-2663271 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on)
: |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.04.2004 |
|
|
|
|
Com. Reg. No.: |
20-028474 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.2.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U22110UP2004PTC028474 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MRTC00279G |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCC3880B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
·
Publication of educational books and guide books ·
Trading of educational books (Text books and
government allotted books) |
|
|
|
|
No. of Employees
: |
Not Available |
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 91000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. As per Registrar of Companies, the date of balance sheet (i.e.
financial filed) is shown as 31.03.2015 but the documents related to the financials
are not available from any source. However, as per financial of the year 2014, company possesses above
average operational performance with fair profit margin recorded in the
books. Further, rating also considers company’s acceptable financial risk
profile supported by its adequate networth base, comfortable liquidity
position along with fair debt protection indicators. Trade relations are fair. Business is active. Payments are reported to
be usually correct. In view of aforesaid, the company can be considered for business
dealings at usual trade terms and conditions. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
Not Available
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2015.
LOCATIONS
|
Registered Office : |
312, Western Kutcheri Road, Meerut – 250001, Uttar Pradesh, India |
|
Tel. No.: |
91-121-2663271 |
|
Fax No.: |
91-121-2648704 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Alok Rastogi |
|
Designation : |
Whole-Time Director |
|
Address : |
A-64, Saket, Meerut – 250003, Uttar
Pradesh, India |
|
Date of Birth/Age : |
06.01.1960 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00504622 |
|
|
|
|
Name : |
Mr. Mayank Rastogi |
|
Designation : |
Whole-Time Director |
|
Address : |
A-64, Saket, Meerut – 250003, Uttar
Pradesh, India |
|
Date of Birth/Age : |
10.10.1979 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00504639 |
|
|
|
|
Name : |
Mr. Varun Rastogi |
|
Designation : |
Whole-Time Director |
|
Address : |
A-64, Saket, Meerut – 250003, Uttar
Pradesh, India |
|
Date of Birth/Age : |
11.09.1984 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00504736 |
|
|
|
|
Name : |
Mr. Ajay Rastogi |
|
Designation : |
Whole-Time Director |
|
Address : |
A-64, Saket, Meerut – 250003, Uttar
Pradesh, India |
|
Date of Birth/Age : |
10.12.1955 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00576951 |
|
|
|
|
Name : |
Mrs. Rajni Rastogi |
|
Designation : |
Whole-Time Director |
|
Address : |
A-64, Saket, Meerut – 250003, Uttar
Pradesh, India |
|
Date of Appointment : |
01.08.2007 |
|
DIN No.: |
01691752 |
|
|
|
|
Name : |
Mrs. Madhu Rastogi |
|
Designation : |
Whole-Time Director |
|
Address : |
A-64, Saket, Meerut – 250003, Uttar
Pradesh, India |
|
Date of Appointment : |
01.08.2007 |
|
DIN No.: |
01707224 |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
|
Ajay Rastogi |
30000 |
|
Pradeep Rastogi |
30000 |
|
Rajni Rastogi |
30000 |
|
Madhu Rastogi |
30000 |
|
Alok Rastogi |
30000 |
|
Alok Rastogi |
30000 |
|
Varun Rastogi |
30000 |
|
|
|
|
Total |
210000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
%20PRIVATE%20LIMITED)%20-%20350990%2030-Nov-2015_files/image013.gif)
BUSINESS DETAILS
|
Line of Business : |
·
Publication of educational books and guide books ·
Trading of educational books (Text books and
government allotted books) |
|
|
|
|
Brand Names : |
Not Available |
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|
|
|
Agencies Held : |
Not Available |
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Exports : |
Not Available |
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Imports : |
Not Available |
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Terms : |
Not Available |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Not Available |
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Bankers : |
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Facilities : |
NOTES: Short Term Borrowings All short term borrowings are rupee loan The company is having cash credit facility from ING Vysya Bank
Limited, Meerut which is secured against hypothecation of stocks of raw material,
semi-finished and finished goods, books debts and personal guarantees of
directors of the company as well as equitable mortgage of residential and
other properties of the directors of the company. |
|
Auditors : |
|
|
Name : |
Akash and Company Chartered Accountants |
|
Address : |
4/1, P. L Sharma Road, Narain Market, Meerut – 250001, Uttar Pradesh,
India |
|
PAN No.: |
ACGPJ1182N |
|
|
|
|
Memberships : |
Not Available |
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|
|
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Collaborators : |
Not Available |
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|
|
Related Parties : |
·
Raj Luxmi Publications ·
Aryan Enterprises ·
Rastogi Book Mart ·
Alok Rastogi and Sons HUF ·
Ajay Rastogi and Sons HUF |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
250000 |
Equity Shares |
Rs.10/- each |
Rs.2.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
210000 |
Equity Shares |
Rs.10/- each |
Rs.2.100 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 |
2.100 |
2.100 |
2.100 |
|
(b) Reserves & Surplus |
29.844 |
23.815 |
19.370 |
|
(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) |
31.944 |
25.915 |
21.470 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
62.914 |
55.664 |
28.957 |
|
(b) Trade
payables |
58.545 |
26.814 |
33.490 |
|
(c) Other current
liabilities |
28.276 |
26.696 |
23.254 |
|
(d) Short-term
provisions |
8.555 |
7.232 |
6.785 |
|
Total Current
Liabilities (4) |
158.290 |
116.406 |
92.486 |
|
|
|
|
|
|
TOTAL |
190.234 |
142.321 |
113.956 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
14.211 |
11.340 |
7.239 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.829 |
0.819 |
0.633 |
|
(d) Long-term Loan and Advances |
0.123 |
0.123 |
0.129 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
15.163 |
12.282 |
8.001 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
125.415 |
90.394 |
62.556 |
|
(c) Trade
receivables |
32.237 |
25.730 |
20.819 |
|
(d) Cash
and cash equivalents |
2.800 |
5.475 |
15.319 |
|
(e)
Short-term loans and advances |
7.222 |
2.034 |
2.584 |
|
(f) Other
current assets |
7.397 |
6.406 |
4.677 |
|
Total
Current Assets |
175.071 |
130.039 |
105.955 |
|
|
|
|
|
|
TOTAL |
190.234 |
142.321 |
113.956 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
350.704 |
341.754 |
256.745 |
|
|
|
Other Income |
1.061 |
0.000 |
0.818 |
|
|
|
TOTAL (A) |
351.765 |
341.754 |
257.563 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials Consumed |
167.082 |
139.397 |
137.556 |
|
|
|
Purchase of Stock-in-trade |
47.469 |
84.510 |
38.983 |
|
|
|
Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
(4.340) |
2.317 |
(10.859) |
|
|
|
Employee Benefits Expenses |
15.153 |
14.753 |
13.499 |
|
|
|
Other Expenses |
108.570 |
88.317 |
68.163 |
|
|
|
TOTAL (B) |
333.934 |
329.294 |
247.342 |
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.831 |
12.460 |
10.221 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
6.214 |
3.688 |
3.162 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
11.617 |
8.772 |
7.059 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION (F) |
2.445 |
2.402 |
1.423 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS) BEFORE
TAX (E-F) (G) |
9.172 |
6.370 |
5.636 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
3.040 |
2.043 |
1.797 |
|
|
|
|
|
|
|
|
|
|
PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
6.132 |
4.327 |
3.839 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
29.20 |
20.61 |
18.28 |
|
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from (used in) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin PAT / Sales |
(%) |
1.75 |
1.27 |
1.50 |
|
|
|
|
|
|
|
Operating Profit Margin (PBDIT/Sales) |
(%) |
5.08 |
3.65 |
3.98 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets) |
(%) |
4.84 |
4.50 |
4.97 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.29 |
0.25 |
0.26 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.97 |
2.15 |
1.35 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.11 |
1.12 |
1.15 |
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 |
2.100 |
2.100 |
2.100 |
|
Reserves & Surplus |
19.370 |
23.815 |
29.844 |
|
Net
worth |
21.470 |
25.915 |
31.944 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
28.957 |
55.664 |
62.914 |
|
Total
borrowings |
28.957 |
55.664 |
62.914 |
|
Debt/Equity
ratio |
1.349 |
2.148 |
1.970 |
%20PRIVATE%20LIMITED)%20-%20350990%2030-Nov-2015_files/image015.gif)
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 |
256.745 |
341.754 |
350.704 |
|
|
|
33.110 |
2.619 |
%20PRIVATE%20LIMITED)%20-%20350990%2030-Nov-2015_files/image017.gif)
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
|
256.745 |
341.754 |
350.704 |
|
Profit |
3.839 |
4.327 |
6.132 |
|
|
1.50% |
1.27% |
1.75% |
%20PRIVATE%20LIMITED)%20-%20350990%2030-Nov-2015_files/image019.gif)
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 |
No |
|
8 |
Designation of contact person |
No |
|
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 |
No |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
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 |
No |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
Short Term Borrowings |
|
|
|
From directors of
the company |
45.783 |
26.676 |
|
From shareholders
of the company |
0.402 |
0.366 |
|
From directors
family members and relatives |
15.873 |
11.324 |
|
|
|
|
|
Total |
62.058 |
38.366 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
90275904 |
06/03/2015 * |
85,000,000.00 |
Kotak Mahindra Bank Limited |
24,, Chipi Tank, Begum Bridge Road, Meerut, Uttar Pradesh - 250001, India |
C50728047 |
*Date of modification Charges
FIXED ASSETS:
·
Car
·
Building Construction
·
Moorti
·
Air Conditioner
·
Computers
·
Furniture
·
Printer
·
Machinery
·
Scooter
·
Electric Equipment
·
Fire Extinguisher
·
EPBAX
·
Fax
·
Cycle
·
Generator
·
Telephone Instruments
·
Water Cooler
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.66.75 |
|
|
1 |
Rs.100.68 |
|
Euro |
1 |
Rs.70.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
NKT |
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 |
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 |
|
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.