MIRA INFORM REPORT
|
Report No. : |
343502 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PARIKH PACKAGING PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Opposite Rotomac Pens, Sarkhej-Bavla Highway, Village Moraiya, Taluka
– Sanand, Ahmedabad – 382 213, |
|
Tel. No.: |
91-2717-251106/251375 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
22.10.1999 |
|
|
|
|
Com. Reg. No.: |
04-036763 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 41.685 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209GJ1999PTC036763 |
|
|
|
|
IEC No.: |
0801003113 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCP7894F |
|
|
|
|
Legal Form : |
Private Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Flexible Packaging Materials. |
|
|
|
|
No. of Employees
: |
600 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
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 incorporate on 1999 engaged in manufacturing of packaging
material. It provides flexible packaging materials, food packaging supplies,
fast moving consumer goods packaging, pharmaceutical packaging and agro
products packaging. For the financial year ended 2014, the company possesses moderate
operational performance and it has incurred losses from its operational
activities. However, rating takes into consideration healthy financial base supported
by adequate net worth profile and favorable gap between trade payables to its
receivables. Rating also takes into consideration its established operations in the
domestic packaging business and extensive industry experience of promoter in
packaging industry. Trade relations are reported as fair. Payment terms are reported to be
slow but 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities = BBB (Suspended) |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk |
|
Date |
January 28, 2015 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank Facilities = A3+ (Suspended) |
|
Rating Explanation |
Moderate degree of safety and higher credit risk |
|
Date |
January 28, 2015 |
Reason for Suspension: Absence of adequate information
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. Roumil |
|
Designation : |
Marketing Manager |
|
Contact No.: |
91-9925143573 |
|
Date : |
30.09.2015 |
LOCATIONS
|
Registered Office : |
Opposite Rotomac Pens, Sarkhej-Bavla Highway, Village Moraiya, Taluka
– Sanand, Ahmedabad – 382 213, Gujarat, India |
|
Tel. No.: |
91-2717-251106/251375 |
|
Mobile No.: |
91-9925143573 (Mr. Roumil) |
|
Fax No.: |
91-2717-251106 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Admin/ Corporate Office : |
29, 3rd Floor, Sri Krishna Centre, Near Mithakhali Six
Road, Navrengapura, Ahmedabad – 380009, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Pranav Rameshchandra Parikh |
|
Designation : |
Director |
|
Address : |
Pranam ,514/Lane 21, Satyagrah Chhavni, Satelite, Ahmedabad – 380015, Gujarat, India |
|
Date of Birth/Age : |
11.03.1974 |
|
Date of Appointment : |
22.10.1999 |
|
DIN No.: |
00060678 |
|
|
|
|
Name : |
Pavan Rameshchandra Parikh |
|
Designation : |
Director |
|
Address : |
Pranam , 514/Lane 21 ,Satyagrah Chhavani, Satelite, Ahmedabad - 380015, Gujarat, India |
|
Date of Birth/Age : |
23.12.1975 |
|
Date of Appointment : |
22.10.1999 |
|
DIN No.: |
00060697 |
|
|
|
|
Name : |
Jonathan Albert Fowle |
|
Designation : |
Director |
|
Address : |
Ingsdon Farm, Bodden, Shepton Mallet,, Somerset Ba4 4pu, Na, United Kingdom |
|
Date of Birth/Age : |
11.12.1951 |
|
Date of Appointment : |
11.06.2013 |
|
DIN No.: |
06593715 |
|
|
|
|
Name : |
Richard Peter Kelsey |
|
Designation : |
Director |
|
Address : |
Kaiserstrasse 67-69/33/1, 1070 Wien (Vienna), Austria, Na, Austria |
|
Date of Birth/Age : |
22.03.1974 |
|
Date of Appointment : |
11.06.2013 |
|
DIN No.: |
06593812 |
|
|
|
|
Name : |
Jurgen Leeb |
|
Designation : |
Director |
|
Address : |
Eichbergweg 5, 3203 Rabenstein An Der Pielach, NA, AUSTRIA |
|
Date of Birth/Age : |
22.06.1976 |
|
Date of Appointment : |
11.06.2013 |
|
DIN No.: |
06595309 |
|
|
|
|
Name : |
Rudolf Peter Stieboeck |
|
Designation : |
Director |
|
Address : |
Roseggerstrasse 6/2, 3100 St. Polten, Austria, Na, Austria |
|
Date of Birth/Age : |
14.04.1975 |
|
Date of Appointment : |
11/06/2013 |
|
DIN No.: |
06600042 |
|
|
|
|
Name : |
Friedrich Humer |
|
Designation : |
Director |
|
Address : |
Fesslerstrasse 25, St. Polten, 3100,Na, Austria |
|
Date of Birth/Age : |
08.05.1964 |
|
Date of Appointment : |
19/11/2013 |
|
DIN No.: |
06737977 |
KEY EXECUTIVES
|
Name : |
Mr. Roumil |
|
Designation : |
Marketing Manager |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Rameshchandra Ochhavlal Parikh |
|
439954 |
|
Pranav Rameshchandra Parikh |
|
405000 |
|
Pavan Rameshchandra Parikh |
|
405000 |
|
Ranjanben Rameshchandra Parikh |
|
200000 |
|
Rajvi Pavan Parikh |
|
50000 |
|
Ami Pavan Parikh |
|
50000 |
|
Rameshchandra Ochhavlal Parikh (HUF) |
|
40000 |
|
Pranav Rameshchandra Parikh (HUF) |
|
35000 |
|
Pavan Rameshchandra Parikh (HUF) |
|
35000 |
|
Tejal Mrunal Shah |
|
7500 |
|
GPC Holdings BV, Netherland |
|
2501127 |
|
|
|
|
|
Total |
|
4168581 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2014
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
60.00 |
|
Directors or relatives of Directors |
39.82 |
|
Other top fifty shareholders |
0.18 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Flexible Packaging Materials. |
|
|
|
|
Products : |
Not Divulged |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Advance Payment, Cheque and Credit |
|
|
|
|
Purchasing : |
Cash, Advance Payment, Cheque and Credit |
GENERAL INFORMATION
|
Suppliers : |
Not Divulged
|
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Customers : |
Not Divulged
|
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No. of Employees : |
600 (Approximately) |
||||||||||||||||||||||||
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Bankers : |
|
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
Deloitte Haskins and Sells Chartered Accountant |
|
Address : |
3 1 Nutan Bharat Society Alkapuri Baroda, Gujarat, India |
|
PAN No.: |
AADFD2337G |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4800000 |
Equity Shares |
Rs.10/- each |
Rs. 48.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4168581 |
Equity Shares |
Rs.10/- each |
Rs. 41.685
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 |
41.685 |
31.114 |
31.114 |
|
(b) Reserves & Surplus |
595.856 |
130.213 |
149.887 |
|
(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) |
637.541 |
161.327 |
181.001 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
33.216 |
62.666 |
240.389 |
|
(b) Deferred tax liabilities (Net) |
39.333 |
42.552 |
43.702 |
|
(c) Other long term
liabilities |
0.000 |
0.000 |
4.980 |
|
(d) long-term
provisions |
2.508 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
75.057 |
105.218 |
289.071 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
230.434 |
322.563 |
133.249 |
|
(b) Trade
payables |
196.852 |
403.457 |
129.918 |
|
(c) Other
current liabilities |
241.898 |
106.270 |
82.265 |
|
(d) Short-term
provisions |
0.327 |
2.617 |
38.236 |
|
Total Current
Liabilities (4) |
669.511 |
834.907 |
383.668 |
|
|
|
|
|
|
TOTAL |
1382.109 |
1101.452 |
853.740 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
637.585 |
669.303 |
428.187 |
|
(ii)
Intangible Assets |
11.575 |
0.000 |
0.243 |
|
(iii)
Capital work-in-progress |
17.972 |
8.286 |
96.481 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
0.000 |
0.026 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
63.396 |
33.544 |
17.762 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
2.328 |
|
Total Non-Current
Assets |
730.528 |
711.133 |
545.027 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
180.291 |
136.658 |
97.424 |
|
(c) Trade
receivables |
316.089 |
169.410 |
135.122 |
|
(d) Cash
and cash equivalents |
123.034 |
63.374 |
30.021 |
|
(e)
Short-term loans and advances |
28.297 |
18.211 |
46.146 |
|
(f) Other
current assets |
3.870 |
2.666 |
0.000 |
|
Total
Current Assets |
651.581 |
390.319 |
308.713 |
|
|
|
|
|
|
TOTAL |
1382.109 |
1101.452 |
853.740 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
|
SALES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
120.417 |
95.384 |
165.170 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
88.318 |
82.665 |
72.648 |
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
32.099 |
12.719 |
92.522 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
71.572 |
33.544 |
23.373 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(39.473) |
(20.825) |
69.149 |
|
|
|
|
|
|
|
Less |
TAX |
(5.687) |
(1.152) |
20.609 |
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(33.786) |
(19.673) |
48.540 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General Reserve |
0.000 |
0.000 |
0.000 |
|
|
Dividend |
0.000 |
0.000 |
0.519 |
|
|
BALANCE CARRIED
TO THE B/S |
(33.786) |
(19.673) |
48.021 |
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
Exports at F.O.B. Value |
NA |
124.932 |
57.121 |
|
|
Commission Earnings |
NA |
0.000 |
0.778 |
|
|
Product Development and Designing Charges |
NA |
7.760 |
5.733 |
|
|
TOTAL EARNINGS |
NA |
132.692 |
63.632 |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
124.114 |
138.193 |
|
|
Capital Goods |
NA |
94.689 |
4.411 |
|
|
TOTAL IMPORTS |
NA |
218.803 |
142.604 |
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(8.11) |
(4.71) |
11.64 |
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) operation |
(146.448) |
305.289 |
69.150 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.89) |
(1.91) |
9.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.06) |
(0.13) |
0.38 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.41 |
2.39 |
2.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.97 |
0.47 |
0.80 |
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 |
31.114 |
31.114 |
41.685 |
|
Reserves & Surplus |
149.887 |
130.213 |
595.856 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
181.001 |
161.327 |
637.541 |
|
|
|
|
|
|
long-term borrowings |
240.389 |
62.666 |
33.216 |
|
Short term borrowings |
133.249 |
322.563 |
230.434 |
|
Current Maturities of Long
Term Debt |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
373.638 |
385.229 |
263.650 |
|
Debt/Equity
ratio |
2.064 |
2.388 |
0.414 |
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 |
No |
|
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 |
UNSECURED LOAN
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
SHORT TERM
BORROWING |
|
|
|
Loans and advances from related parties |
48.945 |
115.260 |
|
Total |
48.945 |
115.260 |
|
|
|
|
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
90105090 |
09/07/2001 |
856,000.00 |
NUTAN NAGARIK SAHAKARI BANK LIMITED |
LAW GARDEN BRANCH, ELLISBRIDGE, AHMEDABAD, Gujarat, INDIA |
- |
|
2 |
90104937 |
09/07/2001 * |
5,000,000.00 |
NUTAN NAGARIK SAHAKARI BANK LIMITED |
LAW GARDEN BRANCH, ELLISBRIDGE, AHMEDABAD, Gujarat, INDIA |
- |
* Date of charge modification
FIXED ASSETS
- Land
- Buildings
- Plant and
Equipments
- Furniture and
Fixture
- Vehicles
- Office
Equipments
- Computer
Equipments
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. 65.74 |
|
UK Pound |
1 |
Rs. 99.53 |
|
Euro |
1 |
Rs. 73.80 |
INFORMATION DETAILS
|
Information
Gathered by : |
SPR |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYO |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILITY |
1~10 |
-- |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
42 |
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.