MIRA INFORM REPORT
|
Report No. : |
344161 |
|
Report Date : |
07.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
RADHESHYAM PAPER MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.12, Lilapar Road, Near
Hariom Way-Bridge, Village Lilapar, Tal Morbi, Dist. Rajkot – 363641,
Gujarat |
|
Tel. No.: |
91-2822-221106 / 222905 / 221135 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
01.12.2004 |
|
|
|
|
Com. Reg. No.: |
04-045072 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 9.964 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21010GJ2004PTC045072 |
|
|
|
|
IEC No.: |
2404007092 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCR8686A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Kraft Paper, Paper Hardboard Sheets
|
|
|
|
|
No. of Employees
: |
50 (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 incorporated in the year 2004 and it is a manufacturer,
exporter and importer of Kraft papers. For the financial year ended 2014, company has reported 40.18% sales
turnover growth as compared to previous sales turnover and it has maintained
above average profitability margins at 1.05% during the year under a review. Rating reflect the extensive experience of promoters in the industrial
paper industry supported by its satisfactory financial base along with sound
net worth base and above average liquidity position of the company. However, rating strength partially offset by modest scale of
operations in the highly competitive industry and geographical concentration
in its revenue profile. 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 conditions. |
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 |
CRISIL |
|
Rating |
Long term rating BB- |
|
Rating Explanation |
Inadequate-credit-quality and high credit risk. |
|
Date |
03.06.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
03.06.2015 |
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 PARTED BY
|
Name : |
Mr. Sunilkumar Patel |
|
Designation : |
Director |
|
Contact No.: |
91-9825343288 |
|
Date : |
06.10.2015 |
LOCATIONS
|
Registered Office / Factory : |
Survey No.12, Lilapar Road, Near
Hariom Way-Bridge, Village Lilapar, Tal Morbi, Dist. Rajkot – 363641,
Gujarat, India |
|
Tel. No.: |
91-2822-221106 / 222905 / 221135 |
|
Mobile No.: |
91-9825343288 (Mr. Sunil) / 91-9978599499 (Mr.Chirag) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Industrial |
DIRECTORS
As on 30.09.2014
|
Name : |
Mr. Nimitbhai Babubhai Vachhani |
|
Designation : |
Director |
|
Address : |
Block No. 301, Anuradha Apartment, Near Umiya Chowk, Ravapar Road,
Norbi-363641, Gujarat, India |
|
Date of Birth/Age : |
04.08.1987 |
|
Date of Appointment : |
15.07.2014 |
|
DIN No.: |
06901567 |
|
|
|
|
Name : |
Mr. Sunilkumar Ranchhodbhai Patel |
|
Designation : |
Director |
|
Address : |
At. Ranakpar, Taluka Halvad, Ranakpar – 363330, Gujarat, India |
|
Date of Birth/Age : |
29.06.1983 |
|
Date of Appointment : |
01.12.2004 |
|
DIN No.: |
01424895 |
|
|
|
|
Name : |
Mr. Chirag Dharmendrabhai Kanabar |
|
Designation : |
Director |
|
Address : |
2-Mahendrapara, Dist. Morbi, Morbi-363641, Gujarat, India |
|
Date of Birth/Age : |
30.04.1992 |
|
Date of Appointment : |
15.07.2014 |
|
DIN No.: |
06836798 |
KEY EXECUTIVES
|
Name : |
H.S. Mehta and Associates |
|
Designation : |
Company secretary |
|
Address : |
C-3204, Anushruti Tower, Nr. Muktidham Derasar, Thaltej Cross Roads,
Ahmerlabail-38 |
|
Tel no.: |
91-79-26882215 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Ratilal Laljibhai detroja (Patel) |
|
99640 |
|
Sunilkumar Ranchhodbhai Patel |
|
63000 |
|
Rashmiben Dharmendrabhai |
|
150000 |
|
Govindbhai Meghjibhai |
|
80000 |
|
Chetanbhai Ranehhodbhai (Patel) |
|
14500 |
|
Keshabhai Govindbhai Patel |
|
25000 |
|
Sandipbhai Karsanbhai Patel |
|
2500 |
|
Mineshbhai Dhanjibhai Patel |
|
22500 |
|
KanjibhaiDhanjibhaiPatel |
|
22500 |
|
Babubhai Meghjibhai Patel |
|
25000 |
|
Karshanbhai Lajjibhai Patel |
|
38400 |
|
Ranchhodbhai La!jibhai Patel |
|
51500 |
|
Sukhdevbhai Laljibhai Patel |
|
81200 |
|
Ansoyaben Ranchhodbhai Patel |
|
52660 |
|
Ranjanbhai Suklidevbhai Patel |
|
36100 |
|
Muktaben Karshanbhai Patel |
|
55000 |
|
Vasudevbhai Harjibhai Patel |
|
1700 |
|
Vajiben La!jibhai Patel |
|
26500 |
|
Nanjibhai Devsibhai Patel |
|
3600 |
|
Jivrajbhai Devsibhai Patel |
|
24200 |
|
Haribhai Virjibhai |
|
25000 |
|
Bhavika K. Patel |
|
60800 |
|
Hitesh K. Patel |
|
22600 |
|
Nimit B. Vachhani |
|
5000 |
|
Chirag D. Kanabar |
|
5000 |
|
Nayanbhai Manilal Patel |
|
2500 |
|
Total |
|
996400 |
Equity Share Break up (Percentage of Total Equity)
As on: 30.09.2014
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Kraft Paper, Paper Hardboard
Sheets |
|
|
|
|
Products : |
·
Kraft Paper ·
Paper Hardboard Sheets |
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
|
|
Products : |
Finished goods |
|
Countries : |
|
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash / Credit |
|
|
|
|
Purchasing : |
Cash / Credit |
PRODUCTION STATUS
(Qty.
in MTS)
|
Particulars |
|
As
on 2014 |
As
on 2013 |
|
Installed
Capacity |
|
40000.000 |
40000.000 |
|
Actual
Production |
|
25854.244 |
19666.868 |
|
|
|
|
|
GENERAL INFORMATION
|
Suppliers : |
|
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Customers : |
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No. of Employees : |
50 (Approximately) |
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Bankers : |
ICICI Bank Limited, Landmark, Race Course Circle, Alkapuri, Baroda - 390015, Gujarat, India |
||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
V.N. Sitapara and Associates Chartered Accountant |
|
Address : |
Ram Chowk, |
|
Tel. No.: |
91-2822-223996 |
|
Mobile No.: |
91-9825314320 |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
ATHPS0479F |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on: 30.09.2014
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
996400 |
Equity Shares |
Rs.10/- each |
Rs. 9.964
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 |
9.964 |
9.964 |
9.964 |
|
(b) Reserves & Surplus |
21.107 |
14.789 |
9.123 |
|
(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) |
31.071 |
24.753 |
19.087 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term
borrowings |
40.619 |
39.385 |
20.431 |
|
(b) Deferred tax liabilities (Net) |
0.917 |
0.784 |
0.396 |
|
(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) |
41.536 |
40.169 |
20.827 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
17.453 |
19.942 |
13.750 |
|
(b) Trade payables |
89.905 |
62.226 |
70.526 |
|
(c) Other current
liabilities |
20.405 |
17.581 |
10.584 |
|
(d) Short-term
provisions |
2.800 |
2.100 |
1.700 |
|
Total Current
Liabilities (4) |
130.563 |
101.849 |
96.560 |
|
|
|
|
|
|
TOTAL |
203.170 |
166.771 |
136.474 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
54.063 |
47.174 |
23.335 |
|
(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) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
1.068 |
5.240 |
8.037 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
55.131 |
52.414 |
31.372 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
48.118 |
35.973 |
37.682 |
|
(c) Trade receivables |
84.616 |
61.841 |
56.457 |
|
(d) Cash and cash
equivalents |
3.201 |
7.386 |
5.973 |
|
(e) Short-term loans
and advances |
11.938 |
9.157 |
4.990 |
|
(f) Other current
assets |
0.166 |
0.000 |
0.000 |
|
Total Current Assets |
148.039 |
114.357 |
105.102 |
|
|
|
|
|
|
TOTAL |
203.170 |
166.771 |
136.474 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
599.283 |
428.136 |
315.955 |
|
|
|
Other Income |
0.806 |
0.665 |
0.313 |
|
|
|
TOTAL |
600.089 |
428.801 |
316.268 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
583.660 |
416.755 |
307.315 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
16.429 |
12.046 |
8.953 |
|
|
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
7.178 |
3.891 |
3.490 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
9.251 |
8.155 |
5.463 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.933 |
2.489 |
1.702 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
6.318 |
5.666 |
3.761 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.34 |
5.69 |
3.77 |
|
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
770.000 |
Expected Sales 2015-2016 : Rs. 850.000 Million
The above information has been parted by Mr. Sunilkumar Patel (Director)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current
Maturities of Long term debt |
|
|
|
|
ICICI Bank Term Loan |
0.000 |
1.844 |
0.000 |
|
Kotak Mahindra Bank Limited. Term Loans |
1.856 |
0.000 |
0.000 |
|
HDFC Bank Limited |
0.029 |
0.327 |
0.293 |
|
HDFC Bank Limited |
0.141 |
0.151 |
0.133 |
|
HDFC Bank Limited |
2.955 |
2.532 |
2.295 |
|
Kotak Mahindra Bank |
4.551 |
4.553 |
2.720 |
|
Total
|
9.532 |
9.407 |
5.441 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flows from (used in) operation |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
1.05 |
1.32 |
1.19 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.55 |
4.89 |
4.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30 |
0.33 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.18 |
2.78 |
2.08 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.13 |
1.12 |
1.09 |
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 |
9.964 |
9.964 |
9.964 |
|
Reserves & Surplus |
9.123 |
14.789 |
21.107 |
|
Net
worth |
19.087 |
24.753 |
31.071 |
|
|
|
|
|
|
long-term borrowings |
20.431 |
39.385 |
40.619 |
|
Short term borrowings |
13.750 |
19.942 |
17.453 |
|
Current maturities of
long-term debts |
5.441 |
9.407 |
9.532 |
|
Total
borrowings |
39.622 |
68.734 |
67.604 |
|
Debt/Equity
ratio |
2.076 |
2.777 |
2.176 |
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 |
315.955 |
428.136 |
599.283 |
|
|
|
35.505 |
39.975 |
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 |
315.955 |
428.136 |
599.283 |
|
Profit |
3.761 |
5.666 |
6.318 |
|
|
1.19% |
1.32% |
1.05% |
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 |
|
|
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 three years |
Yes |
|
27] |
Reasons for variation <> 20% |
-- |
|
28] |
Estimation for coming financial year |
Yes |
|
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
(Rs.
In Million)
|
Particulars |
As on 31.03.2014 |
As on 31.03.2013 |
|
LONG TERM
BORROWINGS: |
|
|
|
From director |
9.216 |
7.470 |
|
From shareholders and relatives |
23.549 |
22.052 |
|
Total |
32.765 |
29.522 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10576567 |
29/06/2015 |
28,600,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E),, Mumbai,
Maharashtra - 400051, INDIA |
C57279796 |
|
2 |
10576559 |
27/06/2015 |
28,600,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E),, Mumbai, Maharashtra
- 400051, INDIA |
C57273658 |
|
3 |
10436239 |
27/05/2014 * |
87,400,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E),, Mumbai,
Maharashtra - 400051, INDIA |
C05455639 |
* Date of charge modification
FIXED ASSETS
- Plant and
Machinery
- Electric
Installation
- Computer
- Motor Car
Accent
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 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.65.29 |
|
|
1 |
Rs.99.05 |
|
Euro |
1 |
Rs.73.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
JYTK |
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 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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.