MIRA
INFORM REPORT
|
Report No. : |
347046 |
|
Report Date : |
28.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
PCK COTTON PRIVATE LIMITED (w.e.f. 20.12.2004) |
|
|
|
|
Formerly Known
As : |
PEECEEKAY COTTON GINNING AND PRESSING FACTORY PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-21, |
|
Tel. No.: |
91-22-23780503 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.08.1999 |
|
|
|
|
Com. Reg. No.: |
11-121142 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 4.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U01405MH1999PTC121142 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP19642A |
|
|
|
|
PAN No.: [Permanent Account No.] |
AACCP4233B |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject is operating in the cotton ginning, pressing and trading
activity. |
|
|
|
|
No. of Employees
: |
Not Divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (26) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 74300 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Slow but correct |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject was incorporated in 1999 and promoted by Mr. Chetan Mehta, commenced
operations in 2004 at Jalgaon (Maharashtra). The company undertakes cotton
ginning and pressing activities. It has moderate track record. The rating takes into consideration hefty debt level which leads to
create risk to liquidity position of the company. Further, it has modest
networth base and low profitability recorded by the company. However, trade relation are fair. Business is active. Payment are
reported to be slow but correct. The company can be considered for business dealings with some
cautions. |
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 Rating B+ |
|
Rating Explanation |
Have risk-prone credit quality and carries very high credit risk. |
|
Date |
18.06.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term Rating A4 |
|
Rating Explanation |
Have minimal degree of safety and carry very high credit risk. |
|
Date |
18.06.2015 |
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 DENIED BY
|
Name : |
Mr. Arvind |
|
Designation : |
Accountant |
|
Contact No.: |
91-22-23780503 |
|
Date : |
26.10.2015 |
LOCATIONS
|
Registered Office : |
S-21, Cotton Exchange Building, Cotton Green, Mumbai – 400033,
Maharashtra, India |
|
Tel. No.: |
91-22-23780503 |
|
Fax No.: |
91-22-23721007 |
|
E-Mail : |
DIRECTORS
As on 30.09.2014
|
Name : |
Mrs. Geeta Chetan Mehta |
|
Designation : |
Managing director |
|
Address : |
B/3, Yoga Co-operative Society, 12th Gulmohar X Road,
J.V.P.D. Scheme, Plot No.19, Andheri (West), Mumbai – 400049, Maharashtra,
India |
|
Date of Birth/Age : |
30.11.1957 |
|
Date of Appointment : |
04.08.1999 |
|
DIN No.: |
01106410 |
|
|
|
|
Name : |
Mr. Chetan Kantilal Mehta |
|
Designation : |
Whole-time director |
|
Address : |
B/3, Yoga Co-operative Society, 12th Gulmohar X Road,
J.V.P.D. Scheme, Plot No.19, Andheri (West), Mumbai – 400049, Maharashtra,
India |
|
Date of Birth/Age : |
17.04.1958 |
|
Date of Appointment : |
04.08.1999 |
|
DIN No.: |
00975014 |
|
|
|
|
Name : |
Mr. Paras Chetan Mehta |
|
Designation : |
Whole-time director |
|
Address : |
B/3, Yoga Co-operative Society, 12th Gulmohar X Road, J.V.P.D.
Scheme, Plot No.19, Andheri (West), Mumbai – 400049, Maharashtra, India |
|
Date of Birth/Age : |
19.02.1984 |
|
Date of Appointment : |
19.12.2007 |
|
DIN No.: |
01915674 |
KEY EXECUTIVES
|
Name : |
Mr. Arvind |
|
Designation : |
Accountant |
|
|
|
|
Name : |
Mabenora Sood and Associates |
|
Designation : |
Company Secretaries |
|
Address: |
A-33, Dattani Center Above Sandeep Hotel, Opposites Railway Station, Mahadev
Desai Road, Kandivali (East), Mumbai – 400101, Maharashtra, India |
|
Email: |
|
|
PAN No.: |
AHHPS9252L |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Chetan Kantilal Mehta |
|
290900 |
|
Geeta Chetan Mehta |
|
109100 |
|
Total |
|
400000 |
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 operating in the cotton ginning, pressing and trading
activity. |
|
|
|
|
Products : |
·
Staple Cotton ·
Wool Waste ·
Cotton rags ·
Raw Cotton Bale ·
Recycled Cotton ·
Silk Cotton |
|
|
|
|
Brand Names : |
Not Available |
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|
|
Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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|
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Imports : |
Not Divulged |
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|
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Terms : |
Not Divulged |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
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No. of Employees : |
Not Divulged |
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Bankers : |
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Facilities : |
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Auditors : |
|
|
Name : |
J. C. Khokhani and Company Chartered Accountants |
|
Address : |
204, Jayram Apartment, Haridas Nagar, S. J. Mahtre Road, Borivali
(West), Mumbai – 400092, Maharashtra, India |
|
Tel. No.: |
91-22-28089166/ 28065544 |
|
Mobile No.: |
91-9820909963 |
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E-Mail : |
|
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PAN N Income-tax PAN of auditor or auditor's firm : |
AABPK3655Q |
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|
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Memberships : |
-- |
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Collaborators : |
-- |
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|
|
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Associates/Subsidiaries : |
Not Divulged |
CAPITAL STRUCTURE
As on 30.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400,000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
400,000 |
Equity Shares |
Rs.10/- each |
Rs. 4.000
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 |
4.000 |
4.000 |
4.000 |
|
(b) Reserves & Surplus |
22.007 |
21.399 |
18.672 |
|
(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) |
26.007 |
25.399 |
22.672 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.737 |
2.687 |
6.557 |
|
(b) Deferred tax liabilities (Net) |
0.119 |
0.163 |
0.183 |
|
(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) |
0.856 |
2.850 |
6.740 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
104.611 |
49.097 |
50.574 |
|
(b) Trade payables |
11.122 |
5.065 |
8.719 |
|
(c) Other current
liabilities |
10.883 |
3.565 |
10.524 |
|
(d) Short-term provisions |
8.978 |
8.736 |
7.474 |
|
Total Current Liabilities (4) |
135.594 |
66.463 |
77.291 |
|
|
|
|
|
|
TOTAL |
162.457 |
94.712 |
106.703 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
17.991 |
20.358 |
23.517 |
|
(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 |
0.500 |
0.250 |
0.250 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.978 |
9.683 |
7.641 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current Assets |
29.469 |
30.291 |
31.408 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
54.176 |
45.366 |
68.481 |
|
(c) Trade receivables |
71.864 |
13.917 |
3.009 |
|
(d) Cash and cash
equivalents |
2.744 |
1.799 |
1.813 |
|
(e) Short-term loans and
advances |
4.143 |
3.328 |
1.976 |
|
(f) Other current assets |
0.061 |
0.011 |
0.016 |
|
Total Current Assets |
132.988 |
64.421 |
75.295 |
|
|
|
|
|
|
TOTAL |
162.457 |
94.712 |
106.703 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
913.905 |
745.675 |
752.126 |
|
|
|
Other Income |
13.972 |
20.794 |
9.722 |
|
|
|
TOTAL |
927.877 |
766.469 |
761.848 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
924.669 |
759.752 |
751.955 |
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.208 |
6.717 |
9.893 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION |
2.402 |
2.747 |
3.400 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
0.806 |
3.970 |
6.493 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.198 |
1.243 |
0.413 |
|
|
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
0.608 |
2.727 |
6.080 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
565.828 |
565.828 |
547.157 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share (Rs.) |
1.52 |
6.82 |
15.2 |
|
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities
of Long term debt |
|
|
|
|
From Banks |
|
|
|
|
Term loan from oriental bank of commerce |
1.950 |
1.950 |
3.610 |
|
Total |
1.950 |
1.950 |
3.610 |
|
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) |
(%) |
0.07 |
0.37 |
0.81 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.50 |
4.20 |
6.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.16 |
0.29 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
4.13 |
2.12 |
2.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.98 |
0.97 |
0.97 |
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 |
4.000 |
4.000 |
4.000 |
|
Reserves & Surplus |
18.672 |
21.399 |
22.007 |
|
Net
worth |
22.672 |
25.399 |
26.007 |
|
|
|
|
|
|
long-term borrowings |
6.557 |
2.687 |
0.737 |
|
Short term borrowings |
50.574 |
49.097 |
104.611 |
|
Current Maturities Of
Long-Term Debts |
3.610 |
1.950 |
1.950 |
|
Total
borrowings |
60.741 |
53.734 |
107.298 |
|
Debt/Equity
ratio |
2.679 |
2.116 |
4.126 |
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 |
752.126 |
745.675 |
913.905 |
|
|
|
(0.858) |
22.561 |
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 |
752.126 |
745.675 |
913.905 |
|
Profit |
6.080 |
2.727 |
0.608 |
|
|
0.81% |
0.37% |
0.07% |
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 |
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 |
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 |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
UNSECURED LOAN
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
Short-term
borrowings |
|
|
|
Loan from related Parties (Lon from related parties are repayable on demand) |
10.626 |
12.519 |
|
|
|
|
|
Total |
10.626 |
12.519 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10294085 |
02/06/2011 |
8,000,000.00 |
Oriental Bank of Commerce |
Fort Branch, Sir P.M Road,, Jash Chambers, Fort, Mumbai,
Maharashtra - 400001, INDIA |
B15767601 |
|
2 |
10256682 |
02/11/2010 |
9,750,000.00 |
Oriental Bank of Commerce |
Fort Branch, Jash Chambers, Sir P. M Road,, Fort, Mumbai, Mumbai,
Maharashtra - 400001, INDIA |
A99829178 |
|
3 |
10134731 |
24/11/2008 |
8,300,000.00 |
ORIENTAL BANK OF COMMERCE |
FORT BRANCH, JASH CHAMBERS, GROUND FLOOR,, SIR P. |
A53323309 |
|
4 |
80001870 |
23/05/2014 * |
199,000,000.00 |
Oriental Bank of Commerce |
OverSeas Branch, Nariman Point, Dalamal Towers, 211, Nariman Point,
Mumbai, Maharashtra - 400021, INDIA |
C05437512 |
|
5 |
90236364 |
29/10/2004 |
7,160,000.00 |
ORIENTAL BANK OF COMMERCE |
JASH CHAMBERS, PM ROAD, MUMBAI, Maharashtra - 400001, INDIA |
- |
|
6 |
80001869 |
24/05/2014 * |
202,986,000.00 |
Oriental Bank of Commerce |
OverSeas Branch, Nariman Point, Dalamal Towers, Fort, Mumbai,
Maharashtra - 400021, INDIA |
C05438783 |
|
7 |
90236363 |
28/10/2004 |
30,160,000.00 |
ORIENTAL BANK OF COMMERCE |
JASH CHAMBERS, PM ROAD, MUMBAI, Maharashtra - 400001, INDIA |
- |
* Date of charge modification
FIXED ASSETS
· Land
· Building
· Plant and Machinery
· Fire Fighting Systems
· Electrical Equipments
· Office Equipments
· Tractor
· Computer
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.64.96 |
|
|
1 |
Rs.99.54 |
|
Euro |
1 |
Rs.71.64 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYA |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
JYTK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILITY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
26 |
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.