MIRA INFORM REPORT
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Report No. : |
347162 |
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Report Date : |
29.10.2015 |
IDENTIFICATION DETAILS
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Name : |
GILL AND COMPANY PRIVATE LIMITED |
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Registered
Office : |
2nd Floor, N T C House, Narottam Morarji Marg, Ballard Estate,
Mumbai – 400038, Maharashtra |
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Tel. No.: |
91-22-22615001 / 02 / 03 / 04 |
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Country : |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
26.02.1947 |
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Com. Reg. No.: |
11-005589 |
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Capital
Investment / Paid-up Capital : |
Rs.9.000 Million |
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CIN No.: [Company Identification
No.] |
U51491MH1947PTC005589 |
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TIN No.: |
Not Available |
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IEC No.: |
0388114100 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMG08500C |
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PAN No.: [Permanent Account No.] |
AAACG3743M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
The Company has following businesses: a) To carry on business of cotton bales as cotton merchants, brokers and mukkadams. b) Dealing in commodities, seeds, commission income and investment income. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (42) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1300000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Exist |
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Comments : |
Subject was incorporated in the year 1947 and it is engaged in the
business of trading and exporting of cotton. For the financial year ended 2014, company has reported decent growth
in its revenue profile but it has failed to maintained profitability margins
and reported low margins at 0.01% during the year under a review. Rating takes into consideration well established track record of
business operations marked by promoters extensive industry experience in
cotton trading business and above average financial base of the company. However, rating strength partially offset sustained pressure on
company’s business profile as reflected in reduced operating margins over the
years. This is due to high competition as seen in reduced bargaining power
coupled with weak demand leading to inability to pass on volatility in cotton
prices in spite of revenue begin order backed. 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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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India |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
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Rating Agency Name |
CRISIL |
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Rating |
Long Term Rating = BB+ |
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Rating Explanation |
Inadequate-credit-quality and high credit
risk. |
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Date |
11.02.2015 |
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Rating Agency Name |
CRISIL |
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Rating |
Short Term Rating = A4+ |
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Rating Explanation |
Minimal degree of safety and very high
credit risk. |
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Date |
11.02.2015 |
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 DECLINED
Management non-cooperative (91-22-22615001/02/03)
LOCATIONS
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Registered Office : |
2nd Floor, N T C House, Narottam Morarji Marg, Ballard
Estate, Mumbai – 400038, Maharashtra, India |
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Tel. No.: |
91-22-22615001 / 02 / 03 / 04 |
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Fax No.: |
91-22-22655069 / 22620598 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Branch Offices : |
Located At:
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Purchase Offices : |
Located At :
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Note : They have nine Purchase offices
DIRECTORS
As on 10.10.2014
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Name : |
Mr. Jayant Bhogilal Shah |
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Designation : |
Director |
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Address : |
15, |
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Date of Birth/Age : |
18.11.1947 |
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Date of Appointment : |
27.02.1990 |
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DIN No.: |
01426873 |
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Name : |
Mr. Mohit Dhirajlal Shah |
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Designation : |
Director |
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Address : |
Yazad-E-Khursheed, Ground Floor, |
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Date of Birth/Age : |
15.09.1974 |
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Date of Appointment : |
11.11.1996 |
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DIN No.: |
02033178 |
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Name : |
Mr. Rishabh Jayant Shah |
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Designation : |
Additional Director |
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Address : |
15, |
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Date of Birth/Age : |
15.04.1979 |
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Date of Appointment : |
30.09.2011 |
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DIN No.: |
01397806 |
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MAJOR SHAREHOLDERS
As on 10.10.2014
SHAREHOLDING DETAILS FILE ATTACHED
Equity Share Break up (Percentage of Total Equity)
As on 10.10.2014
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Category |
Percentage |
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Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
1.58 |
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Bodies corporate |
2.38 |
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Directors or relatives of Directors |
72.86 |
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Other top fifty shareholders |
23.18 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
The Company has following businesses: a) To carry on business of cotton bales as cotton merchants, brokers and mukkadams. b) Dealing in commodities, seeds, commission income and investment income. |
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Products : |
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Brand Names : |
-- |
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Agencies Held : |
-- |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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Terms : |
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Selling : |
Not Divulged |
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Purchasing : |
Not Divulged |
PRODUCTION STATUS – NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
Information declined by the management |
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Bankers : |
,
· Union Bank of India, Industrial Finance Branch, 66/80, Mumbai Samachar Marg, Fort, Mumbai-400023, Maharashtra, India · Indian Overseas Bank, Fort Branch, 2/10 Elphinstone Building, Veer Nariman Road, Fort, Mumbai-400023, Maharashtra, India · Kotak Mahindra Bank Limited, 36-38A, Nariman Bhavan, 227 D, Nariman Point, Mumbai-400021, Maharashtra, India · Bank of India, Mumbai, Maharashtra, India · ICICI Bank Limited, Fort, Mumbai, Maharashtra, India · Oriental Bank of Commerce |
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Facilities : |
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Auditors : |
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Name : |
S. S. Jhunjhunwala and Company Chartered Accountants |
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Address : |
306, Akruti Arcade Opposite, |
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PAN No: |
AAGFS6934F |
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Memberships : |
-- |
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Collaborators : |
-- |
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Subsidiary : |
CIN No.: U51494MH2008PTC182071
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Enterprises over
which KMP and relatives of KMP have significant influence : |
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CAPITAL STRUCTURE
As on 10.10.2014
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
18000 |
Equity Shares |
Rs.500/- each |
Rs.9.000 Million |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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|
18000 |
Equity Shares |
Rs.500/- each |
Rs.9.000 Million |
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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I.
EQUITY
AND LIABILITIES |
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(1)Shareholders' Funds |
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(a) Share Capital |
9.000 |
9.000 |
9.000 |
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(b) Reserves & Surplus |
447.382 |
447.354 |
449.009 |
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(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
456.382 |
456.354 |
458.009 |
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(3)
Non-Current Liabilities |
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(a) long-term borrowings |
30.899 |
48.445 |
22.575 |
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(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
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(c) Other long term
liabilities |
0.000 |
0.000 |
0.000 |
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(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
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Total Non-current
Liabilities (3) |
30.899 |
48.445 |
22.575 |
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(4)
Current Liabilities |
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(a) Short
term borrowings |
355.499 |
98.669 |
319.728 |
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(b) Trade
payables |
235.864 |
39.712 |
111.571 |
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(c) Other
current liabilities |
58.028 |
18.147 |
69.674 |
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(d) Short-term
provisions |
1.074 |
4.240 |
4.220 |
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Total Current
Liabilities (4) |
650.465 |
160.768 |
505.193 |
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TOTAL |
1137.746 |
665.567 |
985.777 |
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II.
ASSETS |
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(1)
Non-current assets |
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(a) Fixed
Assets |
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(i)
Tangible assets |
98.623 |
109.893 |
116.549 |
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(ii)
Intangible Assets |
2.263 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
10.049 |
10.949 |
10.674 |
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(c) Deferred tax assets (net) |
2.302 |
2.433 |
2.167 |
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(d) Long-term Loan and Advances |
30.539 |
22.801 |
25.541 |
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(e) Other
Non-current assets |
0.000 |
0.000 |
0.626 |
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Total Non-Current
Assets |
143.776 |
146.076 |
155.557 |
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(2)
Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
211.131 |
78.341 |
337.349 |
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(c) Trade
receivables |
420.742 |
37.860 |
62.648 |
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(d) Cash
and cash equivalents |
82.992 |
39.467 |
79.390 |
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(e)
Short-term loans and advances |
252.596 |
292.666 |
273.059 |
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(f) Other
current assets |
26.509 |
71.157 |
77.774 |
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Total
Current Assets |
993.970 |
519.491 |
830.220 |
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TOTAL |
1137.746 |
665.567 |
985.777 |
PROFIT
& LOSS ACCOUNT
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PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
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SALES |
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Income |
7457.869 |
|
7404.035 |
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Other Income |
18.945 |
|
13.096 |
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TOTAL (A) |
7476.814 |
3312.418 |
7417.131 |
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Less |
EXPENSES |
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Purchase of Stock-in-trade |
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|
6616.080 |
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Changes in Inventories of finished goods, work-in-progress and
stock-in-trade |
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|
240.788 |
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Employee Benefits Expenses |
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|
47.182 |
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Other Expenses |
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|
391.752 |
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TOTAL (B) |
7462.069 |
3290.171 |
7295.802 |
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PROFIT/(LOSS)
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
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|
121.329 |
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Less |
FINANCIAL
EXPENSES (D) |
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|
81.311 |
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PROFIT/(LOSS)
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D)
(E) |
14.745 |
22.247 |
40.018 |
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Less |
DEPRECIATION/
AMORTISATION (F) |
12.214 |
13.155 |
14.182 |
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PROFIT/(LOSS)
BEFORE TAX (E-F) (G) |
2.531 |
9.092 |
25.836 |
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Less |
TAX (H) |
1.450 |
6.535 |
10.562 |
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PROFIT/(LOSS)
AFTER TAX (G-H) (I) |
1.081 |
2.557 |
15.274 |
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EARNINGS IN
FOREIGN CURRENCY |
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Commissions/Brokerage and Carrying Charges) |
7086.124 |
2685.660 |
6662.417 |
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TOTAL EARNINGS |
7086.124 |
2685.660 |
6662.417 |
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Earnings / (Loss)
Per Share (Rs.) |
60.06 |
-- |
-- |
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CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
1.268 |
1.991 |
1.645 |
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Cash generated from operations |
NA |
NA |
NA |
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Net cash flows from (used in) operation |
(129.290) |
(189.573) |
101.685 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT/Sales) |
(%) |
0.01 |
NA |
0.21 |
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Operating Profit Margin (PBDIT/Sales) |
(%) |
0.20 |
NA |
1.64 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
0.22 |
1.39 |
2.66 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.01 |
0.02 |
0.06 |
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Debt Equity Ratio (Total Debt /Networth) |
|
0.85 |
0.33 |
0.75 |
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Current Ratio (Current Asset/Current Liability) |
|
1.53 |
3.23 |
1.64 |
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 |
9.000 |
9.000 |
9.000 |
|
Reserves & Surplus |
449.009 |
447.354 |
447.382 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
458.009 |
456.354 |
456.382 |
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|
|
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Long Term borrowings |
22.575 |
48.445 |
30.899 |
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Short Term borrowings |
319.728 |
98.669 |
355.499 |
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Total
borrowings |
342.303 |
147.114 |
386.398 |
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Debt/Equity
ratio |
0.747 |
0.322 |
0.847 |
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 |
7417.131 |
3312.418 |
7476.814 |
|
|
|
(55.341) |
125.721 |
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 |
7417.131 |
3312.418 |
7476.814 |
|
Profit |
15.274 |
2.557 |
1.081 |
|
|
0.21% |
0.08% |
0.01% |
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 |
No |
|
8] |
Designation of contact person |
No |
|
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 |
|
|
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 |
Yes |
|
33] |
Market information |
-- |
|
34] |
Payments terms |
No |
|
35] |
Negative Reporting by Auditors in the
Annual Report |
No |
LITIGATION DETAILS
|
Case Details |
||||||
|
Bench:- Bombay |
||||||
|
Presentation Date: |
18/11/2013 |
|||||
|
Lodging No. : |
NMAL/1760/2012 |
Lodging No. : |
28/05/2012 |
|||
|
Reg. No.: |
NMA/1303/2012 |
Reg. Date.: |
28/05/2012 |
|||
|
Main Matter |
||||||
|
Lodging No.: |
RPAL/40/2012 |
|
|
|||
|
|
|
|
|
|||
|
Petitioner:- |
THE COMMISSIONER OF INCOME TAX-2, MU |
Respondent:- |
GILL AND COMPANY LIMITED |
|||
|
Petn.Adv:- |
Suresh Kumar (0) |
Resp. Adv.: |
-- |
|||
|
District:- |
MUMBAI |
|||||
|
Bench:- |
DIVISION |
|||||
|
Status:- |
Pre-Admission |
Category: |
NOTICE OF MOTION (TAX) |
|||
|
Next Date: |
27/11/2015 |
Stage: |
NOTICE OF MOTION FOR HEARING [ORIGINAL SIDE MATTERS] |
|||
|
Coram:- |
HON'BLE SHRI JUSTICE M.S. SANKLECHA HON'BLE SHRI JUSTICE G. S. KULKARNI |
|||||
|
Last Date:- |
17/07/2015 |
Stage:- |
NOTICE OF MOTION FOR HEARING [ORIGINAL SIDE MATTERS] |
|||
|
Last Coram:- |
HON'BLE SHRI JUSTICE M.S. SANKLECHA HON'BLE SHRI JUSTICE N.M. JAMDAR |
|||||
|
Act. : |
Income Tax Act,1961 |
|
||||
UNSECURED LOANS:
|
Particulars |
31.03.2014 Rs. In Million |
31.03.2013 Rs. In Million |
|
LONG TERM BORROWINGS |
|
|
|
Rupee term loans from others |
2.364 |
3.467 |
|
Loans and advances from related parties |
28.535 |
44.811 |
|
Total |
30.899 |
48.278 |
CORPORATE
INFORMATION:
The Company has following businesses:
a) To carry on business of cotton bales as cotton merchants, brokers and mukkadams.
b) Dealing in commodities, seeds, commission income and investment income.
c) The Company is holding license under NBFC Regulations but does not carry on any business.
YEAR UNDER RETROSPECTS
Though total sales (both domestic and export) was higher compared to previous year, the profit of the Company was adversely effected mainly on account of unexpected excessive weight loss and quality claims that they have received in some of their sale contracts and loss incurred in DFIA license sold, due to less demand, hence received less sale vale. The Company recorded the total income of Rs.7476.814 Million including the other income of Rs.18.945 Million as against the income of Rs.3312.418 Million in the previous year, which shows a quantum jump of 125%. However, the Company earned a lower pre-tax profit was Rs.2.531 Million as against Rs.9.092 Million a year ago, a fall of about 72%. The export for the year was Rs.7151.216 Million as against Rs.2756.821 Million in the previous year whereas the domestic sales was Rs.184.785 Million as against Rs.433.716 Million in the previous year, a decline of 57%.
FUTURE PROSPECTS
Consider the good monsoon in the current year, the country likely to achieve a record production of cotton. Also, there is increased competition from other countries. Though to revive the economic slowdown, the government will have to encourage exports by providing various incentives, it is rather difficult to predict the future of Indian cotton in export market. The Company is fully geared- up to take the opportunity andmaximize the exports.
INDEX OF CHARGE:
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10571987 |
25/05/2015 |
1,268,000.00 |
UNION BANK OF INDIA |
RETAIL MART, MUMBAI SAMACHAR MARG BRANCH,, 66/80, MUMBAI
SAMACHAR MARG, FORT, MUMBAI, Maharashtra |
C54959861 |
|
2 |
10545447 |
30/12/2014 |
940,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG,, FORT, MUMBAI, Maharashtra - 400002, INDIA |
C41610999 |
|
3 |
10066756 |
23/08/2007 |
500,000,000.00 |
Bank of India |
Mumbai Corporate Banking Branch , 70/80 M G Road, 4th Floor , Fort ,,
Mumbai, Maharashtra - 400023, INDIA |
A22732275 |
|
4 |
10036207 |
26/11/2009 * |
1,000,000,000.00 |
STANDARD CHARTERED BANK |
90, M.G. ROAD, FORT, MUMBAI, Maharashtra - 400001, INDIA |
A74649385 |
|
5 |
90240269 |
22/02/2007 * |
775,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,, 66/80, MUMBAI SAMAC |
- |
|
6 |
80026316 |
22/02/2007 * |
1,010,000,000.00 |
UNION BANK OF INDIA |
MUMBAI SAMACHAR MARG BRANCH,, 66/80, MUMBAI SAMAC |
- |
*Date of modification Charges
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Computer
·
Vehicles
·
Furniture and Fixture
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.64.95 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.84 |
INFORMATION DETAILS
|
Information
Gathered by : |
SUP |
|
|
|
|
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 |
3 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--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.