MIRA INFORM REPORT
|
Report No. : |
343037 |
|
Report Date : |
01.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
RAMA KRISHNA KNITTERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
149-150, Preet Vihar, Jassian Road, Haibowal Kalan, Ludhiana – 141001,
Punjab |
|
Tel. No.: |
91-161-2883802 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
15.02.2007 |
|
|
|
|
Com. Reg. No.: |
16-030900 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 370.014 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17301PB2007PTC030900 |
|
|
|
|
IEC No.: |
3007014883 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCR5253N |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers and Exporter of high class knitted hosiery and readymade
garments. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company incorporated in the year 2007. It is
the manufacturer and exporter of knitted garment and T-Shirts. It has
moderate track. For the financial year ended 2014, the company has satisfactory
operational activity marked by good top line growth along with profitability
margin of 1.4%. The company has comfortable financial base adequate net worth
position. Trade relations are fair. Business is active. Payments are slow but
correct. The company can be considered for business dealings with some caution. Note : The rating is constrain on account that the external rating agency
CRISIL has downgrade the company from
BB+ to D, due to the company letter of credit (LC) over 30 Days and
crystallization of its export bills. |
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 |
CRISIL |
|
Rating |
Long term bank loan facilities D |
|
Rating Explanation |
Lowest-credit-quality and very low prospects
of recovery. |
|
Date |
June, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term bank loan facilities D |
|
Rating Explanation |
Instruments with this rating are default to
be in default on maturity. |
|
Date |
June, 2015 |
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 DENIED BY
|
Name : |
Mr. Surendra Gupta |
|
Designation : |
Accounts Departments |
|
Contact No.: |
91-161-2283802 |
|
Date : |
30.09.2015 |
LOCATIONS
|
Registered Office : |
149-150, Preet Vihar, Jassian Road, Haibowal Kalan, Ludhiana – 141001,
Punjab, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Factory : |
Village Noorpur Bet, Ladowal Hambran Road, Ludiana-141008, Punjab,
India |
|
Tel. No.: |
91-161-2883802 |
|
Fax No.: |
91-161-2883801 |
DIRECTORS
As on 31.03.2015
|
Name : |
Mr. Shalu Gupta |
|
Designation : |
Director |
|
Address : |
36-B, New Kitchlu Nagar, Hambran Road, Ludhiana-141001, Punjab, India |
|
Date of Birth/Age : |
03.05.1972 |
|
Date of Appointment : |
01.01.2013 |
|
DIN No.: |
01589818 |
|
|
|
|
Name : |
Mr. Aman Saggar |
|
Designation : |
Additional Director |
|
Address : |
32-F, Kitchlu Nagar, Ludhiana-141001, Punjab, India |
|
Date of Appointment : |
10.12.2014 |
|
DIN No.: |
06902584 |
|
|
|
|
Name : |
Narinder Chugh |
|
Designation : |
Managing Director |
|
Address : |
B - 17, Ground Floor, Kailash Colony, New Delhi-110048, Delhi, India |
|
Date of Appointment : |
01.02.2015 |
|
DIN No.: |
00867864 |
KEY EXECUTIVES
|
Name : |
Mr. Surendra Gupta |
|
Designation : |
Accounts Departments |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 11.07.2014
|
Names of Equity Shareholders |
|
No. of Shares |
|
Naresh Kumar Gupta |
|
11251025 |
|
Shallu Gupta |
|
6257325 |
|
Naresh Kumar HUF |
|
724900 |
|
Rajesh Dhanda |
|
1000000 |
|
Shunil Jain |
|
1375000 |
|
Jai Kumar |
|
287500 |
|
Vikash Jain |
|
175000 |
|
Ashok Kumar |
|
262500 |
|
Praveen Kumar |
|
175000 |
|
Ramesh Kumar |
|
62500 |
|
Rajendra Prasad |
|
25000 |
|
Vivek Jain |
|
25000 |
|
Ashok Kumar |
|
62500 |
|
Prem Sagar |
|
180000 |
|
Midway Pharmaceuticals Private Limited |
|
175000 |
|
Capital Dealcom Private Limited |
|
125000 |
|
Midway Exin Private Limited |
|
62500 |
|
OPA Distributors Private Limited |
|
125000 |
|
Gohana Sales Private Limited |
|
37500 |
|
RSJ Credit and Capital Private Limited |
|
25000 |
|
Vikanello Holding Limited, Cyprus |
|
7213200 |
|
Rama Krishna Technospin Private Limited |
|
3375000 |
|
Total |
|
33001450 |
|
Names of Preference
Shareholders |
|
No. of Shares |
|
Rama Krishna Technospin Private Limited |
|
400000 |
Equity Share Break up (Percentage of Total Equity)
As on 11.07.2014
|
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 |
21.86 |
|
Bodies corporate |
11.89 |
|
Directors or relatives of Directors |
55.25 |
|
Other top fifty shareholders |
11.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers and Exporter of high class knitted hosiery and readymade
garments. |
|
|
|
|
Products : |
Not Available |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Divulged |
|
|
|
|
Imports : |
Not Divulged |
|
|
|
|
Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
Not Divulged |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
Punjab National Bank, Large Corporate Branch, Bhagwati Tower, R.K. Road, Cheema Chowk, Ludhiana - 141003, Punjab, India |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
|
|
Auditors : |
|
|
Name : |
K.B. Jain and Company Chartered Accountants |
|
Address : |
Regent Cinema Chowk, Katra Sher Singh, Amritsar, Punjab, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ABCDE1234F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates : |
Pure View Impex Private Limited CIN No.: U51909PB2013PTC037041 |
CAPITAL STRUCTURE
As on 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
35000000 |
Equity Shares |
Rs.10/- each |
Rs. 350.000 Million |
|
500000 |
Preference Shares |
Rs.100/- each |
Rs. 50.000 Million |
|
|
Total |
|
Rs. 400.000
Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
33001450 |
Equity Shares |
Rs.10/- each |
Rs. 330.014
Million |
|
400000 |
Preference Shares |
Rs.100/- each |
Rs. 40.000
Million |
|
|
Total |
|
Rs. 370.014 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 |
370.014 |
153.756 |
84.903 |
|
(b) Reserves & Surplus |
562.064 |
436.552 |
188.849 |
|
(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) |
932.078 |
590.308 |
273.752 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
130.335 |
93.066 |
149.148 |
|
(b) Deferred tax liabilities (Net) |
7.886 |
5.525 |
1.987 |
|
(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) |
138.221 |
98.591 |
151.135 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
1397.128 |
1249.724 |
749.649 |
|
(b) Trade
payables |
755.985 |
505.426 |
58.024 |
|
(c) Other current
liabilities |
449.531 |
77.525 |
6.597 |
|
(d) Short-term
provisions |
29.100 |
23.750 |
7.500 |
|
Total Current
Liabilities (4) |
2631.744 |
1856.425 |
821.770 |
|
|
|
|
|
|
TOTAL |
3702.043 |
2545.324 |
1246.657 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
478.687 |
285.280 |
282.848 |
|
(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 |
3.002 |
|
(b) Non-current Investments |
0.293 |
0.343 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.143 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.044 |
|
Total Non-Current
Assets |
478.980 |
285.623 |
286.037 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
1278.032 |
810.238 |
307.568 |
|
(c) Trade
receivables |
1586.737 |
1260.127 |
553.946 |
|
(d) Cash
and cash equivalents |
71.313 |
24.232 |
17.669 |
|
(e)
Short-term loans and advances |
286.981 |
165.104 |
81.437 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
3223.063 |
2259.701 |
960.620 |
|
|
|
|
|
|
TOTAL |
3702.043 |
2545.324 |
1246.657 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
5687.060 |
4091.960 |
3650.318 |
|
|
|
Other Income |
2.364 |
0.988 |
0.243 |
|
|
|
TOTAL |
5689.424 |
4092.948 |
3650.561 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
5567.219 |
4005.501 |
3589.940 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
122.205 |
87.447 |
60.621 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
39.035 |
27.288 |
7.500 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
83.170 |
60.159 |
53.121 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.49 |
5.10 |
6.25 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
30.000 |
18.815 |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
(181.240) |
(677.399) |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
1.46 |
1.47 |
1.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.30 |
3.44 |
4.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.15 |
0.22 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.67 |
2.31 |
3.28 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.22 |
1.22 |
1.17 |
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 |
84.903 |
153.756 |
370.014 |
|
Reserves & Surplus |
188.849 |
436.552 |
562.064 |
|
Net
worth |
273.752 |
590.308 |
932.078 |
|
|
|
|
|
|
long-term borrowings |
149.148 |
93.066 |
130.335 |
|
Short term borrowings |
749.649 |
1249.724 |
1397.128 |
|
Total
borrowings |
898.797 |
1342.790 |
1527.463 |
|
Debt/Equity
ratio |
3.283 |
2.275 |
1.639 |
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 |
3650.318 |
4091.960 |
5687.060 |
|
|
|
12.099 |
38.981 |
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 |
3650.318 |
4091.960 |
5687.060 |
|
Profit |
53.121 |
60.159 |
83.170 |
|
|
1.46% |
1.47% |
1.46% |
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) |
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 LOAN
|
Particular |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Term loans from others |
121.237 |
79.838 |
|
Total |
121.237 |
79.838 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10566187 |
30/03/2015 |
152,700,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH ,BHAGWATI TOWER, R. K ROAD |
C52060258 |
|
2 |
10566298 |
30/03/2015 |
22,800,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH ,BHAGWATI TOWER, R. K ROAD |
C52061587 |
|
3 |
10566190 |
30/03/2015 |
22,600,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH ,BHAGWATI TOWER, R. K ROAD |
C52061819 |
|
4 |
10566188 |
30/03/2015 |
693,100,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH ,BHAGWATI TOWER, R. K ROAD |
C52062361 |
|
5 |
10578042 |
30/03/2015 |
122,100,000.00 |
Corporation Bank |
Pakhowal Road, Ludhiana, Punjab - 141001, INDIA |
C57593055 |
|
6 |
10529871 |
30/03/2015 * |
470,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH ,BHAGWATI TOWER, R. K ROAD |
C52059961 |
|
7 |
10510743 |
05/07/2014 |
50,000,000.00 |
PUNJAB NATIONAL BANK |
Large Corporate Branch, Bhagwati Tower, R.K.Road, |
C12645115 |
|
8 |
10455054 |
24/09/2013 |
680,000,000.00 |
STATE BANK OF INDIA |
SME, SUNDER NAGAR, LUDHIANA, Punjab - 141007, INDIA |
B87552535 |
|
9 |
10450778 |
31/07/2013 |
50,000,000.00 |
PUNJAB NATIONAL BANK |
LARGE CORPORATE BRANCH, BHAGWATI TOWER, R.K. ROAD |
B85625226 |
|
10 |
10295337 |
22/09/2012 * |
1,274,200,000.00 |
STATE BANK OF INDIA |
SHB, SUNDER NAGAR, LUDHIANA, Punjab - 141007, INDIA |
B60248747 |
* Date of charge modification
FIXED ASSETS
· Land
· Building
· Plant and machinery
· Furniture and fixture
· Vehicle
· Computer
· Office equipment
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.65.74 |
|
|
1 |
Rs.99.53 |
|
Euro |
1 |
Rs.73.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
35 |
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.