MIRA INFORM REPORT
|
Report No. : |
346538 |
|
Report Date : |
26.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
GOPI SYNTHETICS PRIVATE LIMITED (w.e.f 29.09.1983) |
|
|
|
|
Formerly Known
As : |
GOPI FABRIC MILLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No. 302, Isanpur, Gopi Compound, Narol – Vatva Road, Narol, Ahmedabad – 382405, Gujarat |
|
Tel. No.: |
91-79-25732981/ 85 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
16.03.1981 |
|
|
|
|
Com. Reg. No.: |
04-004187 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 301.500 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17119GJ1981PTC004187 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction and
Collection Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
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|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Subject is engaged in Manufacturing and Exporting of Fabrics, Cotton
Fabrics, Synthetic Fabrics, Nylon Fabrics, Silk Fabrics, etc. |
|
|
|
|
No. of Employees
: |
150 (Approximately) |
RATING and COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1100000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Gopi Synthetics Private Limited was incorporated in the year 1981. It is
engaged into manufacturing and exporting of cotton fabrics, synthetic
fabrics, nylon fabrics, silk fabrics etc. The rating on company reflects steady growth in its operating income
along with healthy profitability margin. Rating also takes consideration
company’s satisfactory financial profile because of adequate capital
structure and comfortable debt protection metrics. Rating further derive strength on experienced promoters along with
well-established track record as well as decent cliental base of the company. The rating constrained by intensely competitive nature of the textile
industry and vulnerability of its profitability metrics and cash flows to the
cyclicality inherent in the textile industry. However, trade relations are fair. Business is active. Payment terms
are reported to be usually correct. In view of long track record of its operations, the company can be
considered for business dealings with 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.
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 |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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. Dipak |
|
Designation : |
Accountant |
|
Contact No.: |
91-9879204923 |
|
Date : |
21.10.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Survey No. 302, Isanpur, Gopi Compound, Narol – Vatva
Road, Narol, Ahmedabad – 382405, Gujarat, India |
|
Tel. No.: |
91-79-25732981/ 85 |
|
Mobile No.: |
91-9879204923 (Mr. Dipak) |
|
Fax No.: |
91-79-25732986 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
Locality : |
Commercial |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Sumit Champalal Agarwal |
|
Designation : |
Director |
|
Address : |
FP No. 101, Aarav, Saraswati Darshan Society, Opposite Sankalp, Grace -II, Near Heera Rupa Hall, Ambli Bopal Road, Ahmedabad - 380058, Gujarat, India |
|
Date of Birth/Age : |
10.06.1974 |
|
PAN No.: |
AAPPA7700E |
|
DIN No.: |
00356863 |
|
Name : |
Mr. Champalal Gopiram Agarwal |
|
Designation : |
Director |
|
Address : |
FP No. 101, Aarav, Saraswati Darshan Society, Opposite Sankalp, Grace -II, Near Heera Rupa Hall, Ambli Bopal Road, Ahmedabad - 380058, Gujarat, India |
|
PAN No.: |
AAPPA7695A |
|
DIN No.: |
01716421 |
|
Name : |
Mr. Shankarlal Gopiram Agarwal |
|
Designation : |
Director |
|
Address : |
1, Vasantkunj, Satellite Plaza, Satellite Road, Ahmedabad - 380015, Gujarat, India |
|
DIN No.: |
01828591 |
KEY EXECUTIVES
|
Name : |
Mr. Dipak |
|
Designation : |
Accountant |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Sumit Champalal Agarwal |
|
15302650 |
|
Mr. Sumit Champalal Agarwal |
|
5743750 |
|
Mr. Gopiram Dedraj |
|
3000 |
|
Mrs. ParmeshwariDevi Gopiram Agrawal |
|
3000 |
|
Mr. Champalal Gopiram HUF |
|
845150 |
|
Mrs. Satyabhama C. Agarwal |
|
3909550 |
|
Mr. Sumit Champalal HUF |
|
722250 |
|
Mrs. Pooja Sumit Agarwal |
|
1906000 |
|
Mr. Shankarlal Gopiram Agarwal |
|
240000 |
|
Mr. Shankarlal Gopiram HUF |
|
30000 |
|
Mrs. Majulata S. Agarwal |
|
180000 |
|
Mr. Prashant Shankarlal Agarwal |
|
69000 |
|
Aarnav Textile Private Limited |
|
17950 |
|
Aarnav Fabrics Private Limited |
|
17950 |
|
Aarnav Industries Private Limited |
|
17950 |
|
Mrs. Suchita Ramesh Deora |
|
8400 |
|
Mrs. Sachi Amol Patel |
|
8400 |
|
Mr. Premchand Agarwal |
|
1125000 |
|
Total |
|
30150000 |
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 : |
Subject is engaged in Manufacturing and Exporting of Fabrics, Cotton
Fabrics, Synthetic Fabrics, Nylon Fabrics, Silk Fabrics, etc. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
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|
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Agencies Held : |
Not Available |
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Exports : |
|
|
Products : |
Fabrics |
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Countries : |
Sri lanka |
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|
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Imports : |
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|
Products : |
Textile Machineries |
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Countries : |
European Countries |
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|
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Terms : |
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Selling : |
L/, Credit |
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|
|
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Purchasing : |
L/, Credit |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesalers, Retailers
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No. of Employees : |
150 (Approximately) |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
Nahta Jain and Associates Chartered Accountants |
|
Address : |
Ahmedabad, Gujarat, India |
|
PAN No. of
Auditors Firm: |
AABFN3524D |
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|
|
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Memberships : |
Not Divulged |
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|
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Collaborators : |
Not Divulged |
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|
|
|
Associates : |
Sarck Infrastructure, India |
CAPITAL STRUCTURE
AS ON 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,150,000 |
Equity Shares |
Rs.10/- each |
Rs. 301.500 Million |
|
|
|
|
|
Issued, Subscribed and Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
30,150,000 |
Equity Shares |
Rs.10/- each |
Rs. 301.500 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 |
301.500 |
300.000 |
80.000 |
|
(b) Reserves and Surplus |
84.683 |
52.199 |
177.227 |
|
(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) |
386.183 |
352.199 |
257.227 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
210.635 |
213.204 |
239.408 |
|
(b) Deferred tax liabilities (Net) |
29.387 |
25.387 |
21.387 |
|
(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) |
240.022 |
238.591 |
260.795 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
570.559 |
489.879 |
393.039 |
|
(b) Trade
payables |
359.470 |
286.705 |
195.233 |
|
(c) Other
current liabilities |
212.651 |
222.453 |
170.816 |
|
(d) Short-term
provisions |
9.000 |
8.000 |
7.500 |
|
Total Current
Liabilities (4) |
1151.680 |
1007.037 |
766.588 |
|
|
|
|
|
|
TOTAL |
1777.885 |
1597.827 |
1284.610 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
320.946 |
314.760 |
299.515 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
14.133 |
2.639 |
19.302 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.757 |
0.757 |
0.757 |
|
(c) Deferred tax assets (net) |
0.378 |
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 |
336.214 |
318.156 |
319.574 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
730.712 |
552.166 |
456.693 |
|
(c) Trade
receivables |
657.250 |
669.289 |
462.153 |
|
(d) Cash
and cash equivalents |
11.463 |
8.656 |
4.243 |
|
(e)
Short-term loans and advances |
34.476 |
42.353 |
31.052 |
|
(f) Other current
assets |
7.770 |
7.207 |
10.895 |
|
Total
Current Assets |
1441.671 |
1279.671 |
965.036 |
|
|
|
|
|
|
TOTAL |
1777.885 |
1597.827 |
1284.610 |
PROFIT
and LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
|
||
|
|
TOTAL INCOME |
3073.040 |
2618.567 |
1968.885 |
|
|
|
|
|
|
|
Less |
TOTAL EXPENSES (Including Financial
Expenses) |
3006.179 |
2556.004 |
1915.217 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE
TAX, DEPRECIATION AND AMORTISATION |
66.861 |
62.563 |
53.668 |
|
|
|
|
|
|
|
Less |
DEPRECIATION/
AMORTISATION |
21.752 |
20.966 |
16.606 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) BEFORE TAX |
45.109 |
41.597 |
37.062 |
|
|
|
|
|
|
|
Less |
TAX |
13.000 |
12.001 |
12.000 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS) AFTER TAX
|
32.109 |
29.596 |
25.062 |
|
|
|
|
|
|
|
|
EARNINGS IN FOREIGN
CURRENCY |
|
|
|
|
|
F.O.B. Value of Exports |
73.751 |
99.921 |
15.612 |
|
|
TOTAL EARNINGS |
73.751 |
99.921 |
15.612 |
|
|
|
|
|
|
|
|
EARNINGS / (LOSS) PER
SHARE (RS.) |
1.06 |
0.99 |
3.13 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
3210.000 |
Expected Sales (2015-2016): Rs. 3400.000 Million.
The above information has been parted by Mr. Dipak (Accountant).
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
46.200 |
44.770 |
40.890 |
|
Cash generated from operations |
NA |
NA |
NA |
|
Cash generated from (Used) operations |
151.407 |
82.936 |
118.133 |
|
Cash generated from (used in) Operating
Activities |
142.407 |
74.936 |
110.633 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Total Income ) |
(%) |
1.04 |
1.13 |
1.27 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.56 |
2.61 |
2.93 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12 |
0.12 |
0.14 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.14 |
2.12 |
2.62 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.25 |
1.27 |
1.26 |
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 |
80.000 |
300.000 |
301.500 |
|
Reserves and Surplus |
177.227 |
52.199 |
84.683 |
|
Net
worth |
257.227 |
352.199 |
386.183 |
|
|
|
|
|
|
long-term borrowings |
239.408 |
213.204 |
210.635 |
|
Short term borrowings |
393.039 |
489.879 |
570.559 |
|
Current Maturities of Long term debt |
40.890 |
44.770 |
46.200 |
|
Total
borrowings |
673.337 |
747.853 |
827.394 |
|
Debt/Equity
ratio |
2.618 |
2.123 |
2.142 |
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) |
|
Total Income |
1968.885 |
2618.567 |
3073.040 |
|
|
|
32.997 |
17.356 |
NET PROFIT MARGIN
|
Net Profit Margin |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Total Income |
1968.885 |
2618.567 |
3073.040 |
|
Profit |
25.062 |
29.596 |
32.109 |
|
|
1.27% |
1.13% |
1.04% |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
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 |
Note: Registered office of the company is shifted from 212, New Cloth Market, Raipur, Ahmedabad - 380002, Gujarat, India to present address w.e.f. 03.07.2008.
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Long-term
Borrowings |
|
|
|
Other loans and advances |
175.357 |
145.603 |
|
Total |
175.357 |
145.603 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION |
CHARGE AMOUNT SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST NUMBER (SRN) |
|
1 |
10415598 |
18/03/2013 |
50,000,000.00 |
PUNJAB
NATIONAL BANK |
SHASTRI
PARK BRANCH, NEAR NEHRUNAGAR CIRCLE, AHMEDABAD, GUJARAT - 380015, INDIA |
B72006893 |
|
2 |
10409504 |
18/05/2015
* |
874,000,000.00 |
PUNJAB
NATIONAL BANK |
SHASHTRI
PARK BRANCH,, NR. NEHRUNAGAR, AHMEDABAD, |
C55759047 |
|
3 |
10399206 |
18/05/2015
* |
874,000,000.00 |
PUNJAB
NATIONAL BANK |
SHASHTRI
PARK BRNACH, NEHRUNAGAR, AHMEDABAD, GUJARAT
- 380015, INDIA |
C55758122 |
FIXED ASSETS
- Land and Building
- Furniture’s and Fixtures
- Office Equipment
- Computer
- Vehicles
CMT REPORT (Corruption, Money Laundering and 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. 64.88 |
|
|
1 |
Rs. 99.89 |
|
Euro |
1 |
Rs. 72.06 |
INFORMATION DETAILS
|
Information
Gathered by : |
KMN |
|
|
|
|
Analysis Done by
: |
KSP |
|
|
|
|
Report Prepared
by : |
SYL |
SCORE and RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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 and 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.