MIRA INFORM REPORT
|
Report No. : |
345847 |
|
Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
KOKAL INTERIOR CONTRACTS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
32/3A, Bavdhan Budruk, Mumbai Bangalore Highway, Pune – 411021,
Maharashtra |
|
Tel. No.: |
91-20-64730414 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of
Incorporation : |
30.05.2008 |
|
|
|
|
Com. Reg. No.: |
11-132155 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74900PN2008PTC132155 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
PNEK08450B |
|
|
|
|
PAN No.: [Permanent Account No.] |
AADCK4014A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of furniture and also service provider of interior
designing for five star hotels. |
|
|
|
|
No. of Employees
: |
30 (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 |
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|
|
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Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in the year 2008 and engaged in the business of
interior decoration services and provides interior solutions to 5 star hotels
and resorts. Management has not filed its financial record with government
department for the year 2014. Rating takes into consideration long standing track record of promoters
in interior business supported by company’s presence in tier-ll and tier-II
cities in India providing a strong client base and sound operating
efficiencies of the company. As per the financial record of 2013, company possesses sound financial
profile supported by its favorable capital structure and adequate debt
protection metrics. Rating strength is partially offset by high level of competition faced
from other organized players in interior decoration business and performance
of the company remains susceptible to cyclical downturns in 5-star hotels
segment due to high business concentration on the segment. 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.
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 |
ICRA |
|
Rating |
Long Term, Fund based limits-Cash Credit=BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
July, 2014 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short Term, Non fund based limits=A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
July, 2014 |
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 (GENERAL DETAILS)
|
Name : |
Mr. Sunil Jagtap |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-20-64730414 |
|
Date : |
19.10.2015 |
LOCATIONS
|
Registered Office/ Factory : |
32/3A, Bavdhan Budruk, Mumbai Bangalore Highway, Pune – 411021,
Maharashtra, India |
|
Tel. No.: |
91-20-64730414 |
|
Mobile No.: |
91-9860196339 (Mr. Rakshe) |
|
Fax No.: |
Not Available |
|
E-Mail : |
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|
Website : |
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|
|
Branch Office : |
No.6b, Bentinck Street, Gopal chamber, Aloka House, Kolkata-700001,
West Bengal, India |
DIRECTORS
As on 28.09.2013
|
Name : |
Mr. Pandharinath Tukaram Rakshe |
||||||||||||||||||
|
Designation : |
Additional Director |
||||||||||||||||||
|
Address : |
Warje Malwadi, Pune - 411029, Maharashtra, India |
||||||||||||||||||
|
Date of Birth/Age : |
18.11.1970 |
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|
Date of Appointment : |
02.06.2008 |
||||||||||||||||||
|
DIN No.: |
02217610 |
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|
|
||||||||||||||||||
|
Name : |
Mr. Rajeev Kumar Choudhary |
||||||||||||||||||
|
Designation : |
Additional Director |
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|
Address : |
Fl-3,First Floor, Mayapuri Apartments, Plot-1 Sabari Street Chitlapakkam, Chennai - 600064, Tamilnadu, India |
||||||||||||||||||
|
Date of Birth/Age : |
08.01.1976 |
||||||||||||||||||
|
Date of Appointment : |
02.06.2008 |
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|
DIN No.: |
02217544 |
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|
|
||||||||||||||||||
|
Name : |
Mr. Sudhir Tukaram Raut |
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|
Designation : |
Additional Director |
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|
Address : |
Fl-B3 Anantlaxmi Hills Sn.47/5, Lambodar Devp.Wadgaon Bk, Pune - 411041, Maharashtra, India |
||||||||||||||||||
|
Date of Birth/Age : |
16.04.1973 |
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|
Date of Appointment : |
02.06.2008 |
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|
DIN No.: |
02217571 |
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|
|
||||||||||||||||||
|
Name : |
Mr. Shamshadahmed Chhidakhan Saify |
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|
Designation : |
Additional Director |
||||||||||||||||||
|
Address : |
S No 20/3 D Wing Someshwar, Wadi Pashan Fl No D 103, Pune, 411008, Maharashtra, India |
||||||||||||||||||
|
Date of Birth/Age : |
12.12.1968 |
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|
Date of Appointment : |
02.06.2008 |
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|
DIN No.: |
02217627 |
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|
||||||||||||||||||
|
Name : |
Mr. Jaikrishan Lalchand Kokal |
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|
Designation : |
Managing Director |
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|
Address : |
Fl. No. 4, Pride Apts., Plot No. 22, Sno.80/2, Baner Residency, Baner Road, Pune - 411007, Maharashtra, India |
||||||||||||||||||
|
Date of Birth/Age : |
23.07.1956 |
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|
Date of Appointment : |
30.05.2008 |
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|
DIN No.: |
01778092 |
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|
Other Directorship:
|
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KEY
EXECUTIVE
|
Name : |
Mr. Sunil Jagtap |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2013
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Jaikrishan Lalchand Kokal |
8000 |
80.00 |
|
Pandharinath Tukaram Rakshe |
500 |
5.00 |
|
Rajeev Kumar Choudhary |
500 |
5.00 |
|
Sudhir Tukaram Raut |
500 |
5.00 |
|
Shamshadahmed Chhidakhan Saify |
500 |
5.00 |
|
Total |
10000 |
100.00 |
As on 28.09.2013
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of furniture and also service provider of interior
designing for five star hotels. |
|
|
|
|
Products/ Services : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
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|
Agencies Held : |
Not Available |
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|
Exports : |
Not Available |
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|
Imports : |
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Products : |
Raw Material |
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Countries : |
|
|
|
|
|
Terms : |
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|
Selling : |
Cheque |
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|
|
|
Purchasing : |
Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Others (Hotels)
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No. of Employees : |
30 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Rakesh Battul and Company Chartered Accountants |
|
Address : |
C-1/10, Yellow Blossom, B.T. Kawade Road, Next to B.T. Kawade Petrol,
Ghorpadi, Pune – 411001, Maharashtra, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAKPB1254Q |
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|
|
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Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates/Subsidiaries : |
Not Available |
CAPITAL STRUCTURE
As on 28.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50000 |
Equity Shares |
Rs.10/- each |
Rs.0.500 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000 |
Equity Shares |
Rs.10/- each |
Rs.0.100
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are in
Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES
OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
0.100 |
0.100 |
0.100 |
|
(b) Reserves & Surplus |
105.624 |
73.365 |
48.766 |
|
(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) |
105.724 |
73.465 |
48.866 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
21.039 |
4.295 |
39.472 |
|
(b) Deferred tax liabilities
(Net) |
0.258 |
0.258 |
0.236 |
|
(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) |
21.297 |
4.553 |
39.708 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade payables |
50.444 |
39.363 |
61.271 |
|
(c) Other current liabilities |
27.612 |
24.456 |
31.536 |
|
(d) Short-term provisions |
22.346 |
18.269 |
21.178 |
|
Total
Current Liabilities (4) |
100.402 |
82.088 |
113.985 |
|
|
|
|
|
|
TOTAL |
227.423 |
160.106 |
202.559 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
9.075 |
3.536 |
3.398 |
|
(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 |
46.818 |
33.859 |
31.052 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
55.893 |
37.395 |
34.450 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Inventories |
94.801 |
67.004 |
68.813 |
|
(b) Sundry Debtors |
26.314 |
13.516 |
51.601 |
|
(c) Cash and cash equivalents |
30.904 |
13.522 |
23.323 |
|
(d) Other current assets |
11.639 |
15.112 |
9.432 |
|
(e) Loans and Advances and
Deposits |
7.849 |
13.532 |
14.912 |
|
(f) Formation Expenses to be
written off |
0.023 |
0.025 |
0.028 |
|
Total
Current Assets |
171.530 |
122.711 |
168.109 |
|
|
|
|
|
|
TOTAL |
227.423 |
160.106 |
202.559 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
SALES |
|
|
|
|
|
Turnover |
326.800 |
310.800 |
328.500 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
Less |
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
NA |
41.662 |
38.790 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
NA |
3.971 |
1.823 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
NA |
37.691 |
36.967 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
NA |
0.892 |
0.456 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
50.054 |
36.799 |
36.511 |
|
|
|
|
|
|
|
Less |
TAX |
17.795 |
12.200 |
12.500 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
32.259 |
24.599 |
24.011 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
63.365 |
38.766 |
14.755 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
95.624 |
63.365 |
38.766 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
3225.90 |
2459.90 |
2401.10 |
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from operating activity |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
Net Profit Margin (PAT / Turnover) |
(%) |
9.87 |
7.91 |
7.31 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Turnover) |
(%) |
NA |
24.96 |
13.06 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
27.71 |
29.15 |
21.29 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.47 |
0.50 |
0.75 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.20 |
0.06 |
0.81 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71 |
1.49 |
1.47 |
FINANCIAL ANALYSIS
[all figures are
in Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
0.100 |
0.100 |
0.100 |
|
Reserves & Surplus |
48.766 |
73.365 |
105.624 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
48.866 |
73.465 |
105.724 |
|
|
|
|
|
|
long-term borrowings |
39.472 |
4.295 |
21.039 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
39.472 |
4.295 |
21.039 |
|
Debt/Equity
ratio |
0.808 |
0.058 |
0.199 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
328.500 |
310.800 |
326.800 |
|
|
|
(5.388) |
5.148 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2011 |
31.03.2012 |
31.03.2013 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Turnover |
328.500 |
310.800 |
326.800 |
|
Profit |
24.011 |
24.599 |
32.259 |
|
|
7.31% |
7.91% |
9.87% |
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 |
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 |
No |
|
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 |
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 |
31.03.2013 (Rs.
in Million) |
31.03.2012 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Loan from shareholder and Director and Relatives |
|
|
|
Jaikrishan Kokal |
9.032 |
0.000 |
|
Shalini Jaikrishan Kokal |
(0.196) |
2.538 |
|
|
|
|
|
Total |
8.836 |
2.538 |
INDEX
OF CHARGES
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10318300 |
24/10/2011 |
50,000,000.00 |
ICICI BANK
LIMITED |
LANDMARKRACE
COURCE CIRCLE, ALKAPURI, BARODA, Gujarat - 390015, INDIA |
B25574005 |
|
2 |
10311621 |
26/07/2010 |
1,251,000.00 |
BANK OF
MAHARASHTRA |
SINDH HOUSING
SOCIETY BANER ROAD, PUNE, Maharashtra - 411007, INDIA |
B08556235 |
|
3 |
10171280 |
30/05/2009 |
130,000,000.00 |
BANK OF
MAHARASHTRA |
SIND COLONY
BRANCH, BANER ROAD, PUNE, Maharashtra - 411007, INDIA |
A66094780 |
FIXED ASSETS
- Computer
- Mobile
- Office Equipments
- Office Furniture
- Flat at Bangalore
- Tools Plant and Machinery
- Water Pump
- Computer Software
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.65.15 |
|
|
1 |
Rs.100.53 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SUD |
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 |
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 |
NO |
|
--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.