MIRA INFORM REPORT
|
Report No. : |
344621 |
|
Report Date : |
12.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
DADI IMPEX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
614, Laxmi Plaza, Laxmi Industrial Estate, Off Link Road, Andheri
(West), Mumbai – 400053, Maharashtra |
|
Tel. No.: |
91-22-26392212/13 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
06.02.2003 |
|
|
|
|
Com. Reg. No.: |
11-139055 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 15.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909MH2003PTC139055 |
|
|
|
|
IEC No.: |
0303066237 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
MUMD15750A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCD7223Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader, Exporter and Importer of edible salt, pure vacuum-dried
industrial salts, refined salts, and crude salts to traders and chemical
companies. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behavior : |
Usually correct |
|
|
|
|
Litigation : |
Exist |
|
|
|
|
Comments : |
Subject was incorporated in the year 2003 engaged in the business of
trading, exporting and importing of salt. Rating takes into consideration extensive experience of the company’s
promoter in the salt trading industry supported by its above average financial
profile along with sound networth and fair debt protection metrics. Rating strengths are partially offset by company’s low operating
profitability and exposure to risks related to adverse regulatory changes in
the salt industry. Trade relations are reported as fair. Payment terms are reported to be
usually 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 |
CRISIL |
|
Rating |
Long Term Rating : BB+ |
|
Rating Explanation |
Inadequate-credit-quality and high credit risk. |
|
Date |
July 27, 2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating : A4+ |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
July 27, 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 : |
Ms. Vaishali |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-26392212 |
|
Date : |
09.10.2015 |
LOCATIONS
|
Registered Office : |
614, Laxmi Plaza, Laxmi Industrial Estate, Off Link Road, Andheri
(West), Mumbai – 400053, Maharashtra, India |
|
Tel. No.: |
91-22-26392212/13 |
|
Fax No.: |
91-22-26392214 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Warehouse : |
Kidana Survey No. 155/1, At Village Kidana, At Taluka Gandhidham,
District Kachchh – 370201, Gujarat, India |
DIRECTORS
AS ON 30.09.2014
|
Name : |
Mr. Anandprakash Shyamsunder Choudhari |
|
Designation : |
Director |
|
Address : |
A-203, Legend, Lokhandwala Complex , Andheri (West), Mumbai - 400053, Maharashtra, India |
|
Date of Appointment : |
06.02.2003 |
|
PAN No: |
AHKPC389N |
|
DIN No.: |
00296626 |
|
|
|
|
Name : |
Mrs. Manju Choudhari Anandprakash |
|
Designation : |
Director |
|
Address : |
A-203, Legend, Lokhandwala Complex, Azad Nagar, Mumbai - 400053, Maharashtra, India |
|
Date of Appointment : |
29.09.2010 |
|
Date of Birth/Age: |
07.04.1955 |
|
PAN No: |
ABFPC2568K |
|
DIN No.: |
02006287 |
KEY EXECUTIVES
|
Name : |
Ms. Vaishali |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS
AS ON 30.09.2014
|
Names of Shareholders |
No. of Shares |
% of
Holding |
|
Anandprakash Choudhari |
594834 |
39.66 |
|
Manju Choudhari |
601500 |
40.10 |
|
Neha Choudhari |
56000 |
3.73 |
|
Mehak Choudhari |
247666 |
16.51 |
|
Total |
1500000 |
100.00 |
AS ON 16.03.2015
|
Names of Allottee |
|
No. of Shares |
|
Mehak Choudhari |
|
100000 |
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 : |
Trader, Exporter and Importer of edible salt, pure vacuum-dried
industrial salts, refined salts, and crude salts to traders and chemical
companies. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
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Exports : |
|
|
Products : |
Finished Goods |
|
Countries : |
|
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|
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Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash, L/C and Credit |
|
|
|
|
Purchasing : |
Cash, L/C and Credit |
PRODUCTION STATUS; NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Retailers, End Users
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No. of Employees : |
100 (Approximately) |
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Bankers : |
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||||||||||||||||||||||
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Facilities : |
|
|
Financial Institutions: |
SREI Equipment Finance Private Limited, 'Vishwakarma', 86C, Topsia Road, Kolkata - 700046, West Bengal, India |
|
|
|
|
Auditors : |
|
|
Name : |
Vijay Rungta and Company Chartered Accountants |
|
Address : |
4/88, Nityanand Nagar, S.N. Marg, Opposite Railway Station, Andheri (East), Mumbai – 400069, Maharashtra, India |
|
PAN. No.: |
AAAFV0164A |
|
|
|
|
Memberships : |
----- |
|
|
|
|
Collaborators : |
----- |
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|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
AFTER 30.09.2014
Authorised Capital : Rs. 32.500 Million
Issued, Subscribed & Paid-up Capital : Rs. 32.000
Million
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 Million |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1500000 |
Equity Shares |
Rs.10/- each |
Rs. 15.000 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 |
15.000 |
11.990 |
5.000 |
|
(b) Reserves &
Surplus |
109.831 |
80.020 |
31.270 |
|
(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) |
124.831 |
92.010 |
36.270 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
1.944 |
26.447 |
0.000 |
|
(b) Deferred tax
liabilities (Net) |
0.729 |
1.046 |
0.227 |
|
(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) |
2.673 |
27.493 |
0.227 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
338.357 |
193.196 |
42.454 |
|
(b) Trade payables |
8.073 |
24.273 |
9.797 |
|
(c) Other current
liabilities |
129.752 |
86.901 |
10.207 |
|
(d) Short-term provisions |
6.443 |
5.600 |
0.622 |
|
Total Current Liabilities
(4) |
482.625 |
309.970 |
63.080 |
|
|
|
|
|
|
TOTAL |
610.129 |
429.473 |
99.577 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
34.538 |
26.246 |
5.612 |
|
(ii) Intangible Assets |
0.039 |
0.059 |
0.061 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
9.967 |
|
(iv) Intangible assets
under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current
Investments |
6.000 |
6.000 |
0.000 |
|
(c) Deferred tax assets
(net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.100 |
0.400 |
0.100 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
40.677 |
32.705 |
15.740 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
95.239 |
24.569 |
33.933 |
|
(c) Trade receivables |
300.723 |
113.768 |
14.439 |
|
(d) Cash and cash
equivalents |
88.890 |
210.078 |
20.858 |
|
(e) Short-term loans and
advances |
84.600 |
48.353 |
14.607 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
569.452 |
396.768 |
83.837 |
|
|
|
|
|
|
TOTAL |
610.129 |
429.473 |
99.577 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
|
|
SALES |
|
|
|
Turnover (Approximately) |
2500.000 |
|
|
Profit of the year |
11.748 |
|
|
Amounts transferred to
reserves |
9.644 |
|
|
PARTICULARS |
|
|
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Income |
|
|
445.064 |
|
|
Other Income |
|
|
4.628 |
|
|
TOTAL |
|
|
449.692 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Cost of Materials
Consumed |
|
|
0.000 |
|
|
Purchases of
Stock-in-Trade |
|
|
280.803 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
|
(10.681) |
|
|
Employees benefits
expense |
|
|
3.524 |
|
|
Other expenses |
|
|
161.568 |
|
|
TOTAL |
|
|
435.214 |
|
|
|
|
|
|
|
Less |
PROFIT/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND
AMORTISATION |
|
|
14.478 |
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES |
|
|
11.463 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
|
|
3.015 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
|
1.580 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
|
|
1.435 |
|
|
|
|
|
|
|
Less |
TAX |
|
|
0.528 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX |
|
|
0.907 |
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
Transfer to General
Reserve |
|
|
NA |
|
|
Total |
|
|
NA |
|
|
|
|
|
|
|
|
Balance Carried to the
B/S |
|
|
0.907 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
|
|
334.860 |
|
|
TOTAL EARNINGS |
|
|
334.860 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (Rs.) |
|
|
1.81 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
2000.000 |
The above information has been parted by Ms. Vaishali (Accountant).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
2.795 |
1.290 |
0.322 |
|
Cash generated from operations |
NA |
NA |
4.735 |
|
Net cash flow from (used in) operations |
NA |
NA |
4.629 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
NA |
0.20 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
NA |
3.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA |
NA |
1.60 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA |
NA |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.73 |
2.39 |
1.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.18 |
1.28 |
1.33 |
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 |
5.000 |
11.990 |
15.000 |
|
Reserves & Surplus |
31.270 |
80.020 |
109.831 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net worth |
36.270 |
92.010 |
124.831 |
|
|
|
|
|
|
long-term borrowings |
0.000 |
26.447 |
1.944 |
|
Short term borrowings |
42.454 |
193.196 |
338.357 |
|
Current maturities of
long-term debts |
0.322 |
1.290 |
2.795 |
|
Total borrowings |
42.776 |
220.933 |
343.096 |
|
Debt/Equity ratio |
1.179 |
2.401 |
2.748 |
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 |
Yes |
|
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 |
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 |
Yes |
|
33 |
Market information |
--- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION
DETAILS:
|
LITIGATION DETAILS |
|||||||||
|
Bench:- Bombay |
|||||||||
|
Lodging No. : |
CPL/188/2015 |
Failing Date:- |
03.03.2015 |
Reg. No.:- |
CP/456/2015 |
Reg. Date:- |
24.04.2015 |
||
|
Petitioner:- |
PACIFIC GULF SHIPPING COMPANY LIMITED |
Respondent:- |
DADI IMPEX PRIAVTE LIMITED CIN U51909MH2003PTC139055 |
||||||
|
Petn.Adv:- |
ARCHIT DHIR (I12740) |
Resp. Adv.: |
0 (0) |
||||||
|
District:- |
OUTSIDE MAHARASHTRA |
||||||||
|
Bench:- |
SINGLE |
Category:- |
COMPANY PETITION U/SEC 433,434,439 COMPANIES ACT |
||||||
|
Status:- |
Pre-Admission |
Stage:- |
FOR ADMISSION [ORIGINAL SIDE MATTERS] |
||||||
|
Next Date:- |
01.12.2015 |
||||||||
|
Coram:- |
PROVISIONAL BOARD |
||||||||
|
Last Date :- |
27.04.2015 |
Stage:- |
FOR ACCEPTANCE |
||||||
|
Last Coram:- |
HON'BLE SHRI JUSTICE S.J. KATHAWALLA |
||||||||
|
Act. : |
Companies Act & Rules 1956 |
Under Section: 433 (E) 434 AND 439 |
|||||||
Note:
Registered office of the company shifted from 128, Kuberlink Road, Andheri (West), Mumbai - 400053, Maharashtra, India to the present address w.e.f. 29.07.2006.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term borrowing
|
|
|
|
Loans and advances from others |
0.000 |
25.345 |
|
Total |
0.000 |
25.345 |
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number
(SRN) |
|
1 |
10363952 |
15/05/2012 |
3,250,000.00 |
SREI EQUIPMENT FINANCE
PRIVATE LIMITED |
'VISHWAKARMA', 86C, TOPSIA ROAD, KOLKATA -
700046, WEST BENGAL, INDIA |
B42981142 |
|
2 |
10118852 |
20/12/2013 * |
438,000,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, SAKINAKA, 1ST FLOOR,
SAKI VIHAR ROAD, SAKINAKA, ANDHERI (EAST), MUMBAI - 400072, MAHARASHTRA,
INDIA |
B92943828 |
FIXED ASSETS
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer Equipments
- Other Equipments
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. 64.78 |
|
|
1 |
Rs. 99.54 |
|
Euro |
1 |
Rs. 73.08 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SANS |
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 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
---- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
43 |
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
unfavorable 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.