MIRA INFORM REPORT
|
Report No. : |
340523 |
|
Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
EPITOME PLAST-O-PACK PRIVATE LIMITED (w.
e. f. 05.02.2010) |
|
|
|
|
Formerly Known
As : |
JNRT COMMERCIAL PRIVATE LIMITED |
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|
|
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Registered
Office : |
7, Prafulla Sarkar Street, 2nd Floor, Kolkata – 700013,
West Bengal |
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Tel. No.: |
91-9932160000 (Mr. N. K. Tyagi) |
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|
|
|
Country : |
India |
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|
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Financials (as
on) : |
31.03.2014 |
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|
|
|
Date of
Incorporation : |
29.06.2005 |
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|
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Com. Reg. No.: |
21-103944 |
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|
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Capital
Investment / Paid-up Capital : |
Rs. 28.329 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25209WB2005PTC103944 |
|
|
|
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IEC No.: |
0205030548 |
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|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CALJ04111C |
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|
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PAN No.: [Permanent Account No.] |
AABCJ6374Q |
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|
|
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged into manufacturing, Importing and Trading of polyethylene
terephthalate (PET) preforms and bottles and also engaged in blowing of
pet-bottles. |
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|
|
|
No. of Employees
: |
120 (Approximately) |
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 200000 |
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|
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|
Status : |
Moderate |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having moderate track record. The company possesses moderate operational performance and it has
incurred huge losses from its operational activities. Rating further constrained on account of company’s moderate financial
risk profile marked by modest networth and leverage balance sheet profile of
the company. However, trade relations are reported as fair. Payments are reported
to be slow but correct. In view of operational losses, the company can be considered for
business dealing with some caution. |
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 |
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Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating = B- |
|
Rating Explanation |
Risk-prone-credit-quality and carries very high credit risk. |
|
Date |
29.04.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating = A4 |
|
Rating Explanation |
Minimal degree of safety and very high credit risk. |
|
Date |
29.04.2015 |
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
31-03-2013.
INFORMATION PARTED BY
|
Name : |
Mr. Mahendra |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-9163366158 |
|
Date : |
09.09.2015 |
LOCATIONS
|
Registered Office : |
7, Prafulla Sarkar Street, 2nd Floor, Kolkata – 700013,
West Bengal, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9932160000 (Mr. N. K. Tyagi) 91-9163366158 (Mr. Mahendra) |
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Fax No.: |
Not Available |
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E-Mail : |
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Factory : |
Manpur, Jorethang Road, P.O. Melli, South Sikkim – 737128, Sikkim,
India |
DIRECTORS
AS ON: 24.09.2014
|
Name : |
Mr. Jay Prakash Bajoria |
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Designation : |
Director |
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Address : |
Srabani Apartment Flat No. B/50, Coach Behar, West Bengal, India |
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Date of Birth/Age : |
20.09.1972 |
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Date of Appointment : |
29.06.2005 |
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DIN No.: |
00895381 |
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Other
Directorship:
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Name : |
Mr. Narendra Kumar Tyagi |
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Designation : |
Director |
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Address : |
Mount Distilleries Limited, Plazor Stadium Road, Gangtok – 737101,
Sikkim, India |
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Date of Birth/Age : |
15.07.1967 |
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Date of Appointment : |
29.06.2005 |
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DIN No.: |
00456269 |
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Other
Directorship:
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Name : |
Mr. Rajen Sharma |
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Designation : |
Director |
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Address : |
Poudyal Niwas, Middle Sichey, Gangtok – 737101, Sikkim, India |
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Date of Birth/Age : |
13.05.1979 |
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Date of Appointment : |
29.06.2005 |
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DIN No.: |
01155663 |
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Other Directorship:
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Name : |
Mr. Arbind Kumar Shah |
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Designation : |
Additional Director |
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Address : |
108, Jorethang Salgahari (Urban), Jorethang Police Station South - Sikkim, Kolkata-737121, West Bengal, India |
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Date of Appointment : |
01.06.2015 |
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DIN No.: |
02845514 |
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Name : |
Mr. Mukesh Kumar Gupta |
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Designation : |
Additional Director |
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Address : |
Nayabazar, P/O-Geyzing, Sikkim-737111, Sikkim, India |
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Date of Appointment : |
13.06.2015 |
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DIN No.: |
07209986 |
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KEY EXECUTIVES
|
Name : |
Mr. Mahendra |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 24.09.2014
|
Names of Shareholders |
|
No. of Shares |
|
Jay Prakash Bajoria |
|
20000 |
|
Narendra Kumar Tyagi |
|
22850 |
|
Ram Prasad Dhakal |
|
2500 |
|
Rajen Sharma |
|
23000 |
|
Vijay Shankar Bajoria (H.U.F.) |
|
4000 |
|
Vijay Shankar Bajoria |
|
3000 |
|
Zharuka Fiscal Services Private Limited, India |
|
75000 |
|
Dilip Pradhan |
|
390500 |
|
Arbind Kumar Sah |
|
544000 |
|
Mukesh Prasad |
|
414000 |
|
Nikhil KR Gupta |
|
250000 |
|
Ashok Kumar |
|
207000 |
|
Shree Ram Prasad |
|
275000 |
|
Sunil Gupta |
|
452000 |
|
Vipin Kumar Tyagi |
|
150000 |
|
Total |
|
2832850 |
Equity Share Break up (Percentage of Total Equity)
AS ON: 24.09.2014
|
Category |
Percentage |
|
Bodies corporate |
2.65 |
|
Directors or relatives of Directors |
2.66 |
|
Other top fifty shareholders |
94.69 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged into manufacturing, Importing and Trading of
polyethylene terephthalate (PET) preforms and bottles and also engaged in blowing
of pet-bottles. |
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Products : |
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
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Products : |
Raw Material |
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Countries : |
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Terms : |
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Selling : |
Cash and Cheque |
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Purchasing : |
Cash and Cheque |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
120 (Approximately) |
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Bankers : |
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Facilities : |
(Rs.
In Million)
|
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Auditors : |
|
|
Name : |
Rajesh K. Jhunjhunwala and Company Chartered Accountants |
|
Address : |
Mercantile Building, 'B' Block, 2nd Floor, 9/12 Lalbazar Street,
Kolkata – 700001, West Bengal, India |
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Tel. No.: |
91-33-22130139 / 40012400 |
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Mobile No.: |
91-9831430350 |
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E-Mail : |
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PAN No.: |
AAGFR8852B |
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Memberships : |
Not Available |
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Collaborators : |
Not Available |
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Company/Firms in which KMP/Relatives of KMP can exercise significant
influence : |
· Anjali Packaging · Epitome Petrochemical Private Limited · Raghav Agro Product Private Limited · Ravi Industries · Kanchenjunga Distilleries and Liquors · Raghav Oil Mills |
CAPITAL STRUCTURE
After: 24.09.2014
Authorised Capital: Rs. 60.000 Million
Issued, Subscribed & Paid-up Capital: Rs. 28.328
Million
AS ON: 24.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs. 30.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2832850 |
Equity Shares |
Rs.10/- each |
Rs. 28.329
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 |
28.329 |
5.409 |
5.409 |
|
(b) Reserves & Surplus |
42.092 |
58.491 |
60.237 |
|
(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) |
70.421 |
63.900 |
65.646 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
76.146 |
42.511 |
55.689 |
|
(b) Deferred tax liabilities
(Net) |
12.282 |
10.223 |
7.460 |
|
(c) Other long term
liabilities |
25.058 |
25.627 |
25.457 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total
Non-current Liabilities (3) |
113.486 |
78.361 |
88.606 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
23.447 |
51.551 |
52.917 |
|
(b) Trade payables |
34.781 |
62.411 |
118.860 |
|
(c) Other current liabilities |
1.139 |
3.964 |
2.829 |
|
(d) Short-term provisions |
0.898 |
0.898 |
0.898 |
|
Total
Current Liabilities (4) |
60.265 |
118.824 |
175.504 |
|
|
|
|
|
|
TOTAL |
244.172 |
261.085 |
329.756 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
121.178 |
126.638 |
125.915 |
|
(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 |
0.000 |
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
4.397 |
4.338 |
3.082 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
125.575 |
130.976 |
128.997 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
56.238 |
51.341 |
64.606 |
|
(c) Trade receivables |
34.561 |
35.380 |
105.717 |
|
(d) Cash and cash equivalents |
5.458 |
14.748 |
15.200 |
|
(e) Short-term loans and
advances |
20.332 |
25.738 |
12.690 |
|
(f) Other current assets |
2.008 |
2.902 |
2.546 |
|
Total
Current Assets |
118.597 |
130.109 |
200.759 |
|
|
|
|
|
|
TOTAL |
244.172 |
261.085 |
329.756 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue from operations |
180.000 (Approximately) |
163.855 |
214.382 |
|
|
Other Income |
NA |
0.000 |
0.292 |
|
|
TOTAL
(A) |
NA |
163.855 |
214.674 |
|
|
|
|
|
|
|
Less: |
EXPENSES |
|
|
|
|
|
Cost of Materials Consumed |
|
115.992 |
106.353 |
|
|
Purchases of Stock-in-Trade |
|
1.359 |
74.209 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
3.581 |
(17.217) |
|
|
Employees benefits expense |
|
7.481 |
7.435 |
|
|
Other expenses |
|
13.953 |
12.306 |
|
|
TOTAL
(B) |
NA |
142.366 |
183.086 |
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION (A-B) (C)
|
6.814 |
21.489 |
31.588 |
|
|
|
|
|
|
|
|
Less: |
FINANCIAL
EXPENSES (D) |
14.372 |
13.781 |
18.938 |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(7.558) |
7.708 |
12.650 |
|
|
|
|
|
|
|
Less: |
DEPRECIATION/
AMORTISATION (F) |
6.781 |
6.691 |
6.454 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX (E-F)
(G) |
(14.339) |
1.017 |
6.196 |
|
|
|
|
|
|
|
Less: |
TAX (H) |
2.060 |
2.762 |
3.384 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
(16.399) |
(1.745) |
2.812 |
|
|
|
|
|
|
|
Add: |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD (J) |
10.715 |
12.460 |
NA |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S (I+J) (K) |
(5.684) |
10.715 |
NA |
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
Raw Materials |
NA |
57.997 |
25.778 |
|
|
TOTAL
IMPORTS |
NA |
57.997 |
25.778 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(5.79) |
(3.23) |
5.20 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
180.000 |
Expected Sales (2015-2016): Rs. 200.000 Million
The above information has been parted by Mr. Mahendra (Accounts Manager)
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
Cash generated from operations |
NA |
NA |
NA |
|
Net cash flow from / (used in) operating activities |
(15.908) |
35.287 |
39.559 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
NA |
(1.06) |
1.31 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
NA |
13.11 |
14.73 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(5.87) |
0.39 |
1.88 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.20) |
0.02 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.41 |
1.47 |
1.65 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.97 |
1.09 |
1.14 |
FINANCIAL ANALYSIS
[all figures are in
Rupees Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2012 |
31.03.2013 |
31.03.2014 |
|
|
(Rs.
In Million) |
(Rs.
In Million) |
(Rs.
In Million) |
|
Share Capital |
5.409 |
5.409 |
28.329 |
|
Reserves & Surplus |
60.237 |
58.491 |
42.092 |
|
Net worth |
65.646 |
63.900 |
70.421 |
|
|
|
|
|
|
long-term borrowings |
55.689 |
42.511 |
76.146 |
|
Short term borrowings |
52.917 |
51.551 |
23.447 |
|
Total
borrowings |
108.606 |
94.062 |
99.593 |
|
Debt/Equity
ratio |
1.654 |
1.472 |
1.414 |
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 |
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 four years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
Yes |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
Yes |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
NOTE: Registered office of the company has been
shifted from 9/12, Lal Bazar Street, A-Block, 1st Floor,
Kolkata-700001 West Bengal, India to the
present address w. e. f. 03.09.2008
UNSECURED LOAN:
|
PARTICULARS |
31.03.2014 (Rs.
in Million) |
31.03.2013 (Rs.
in Million) |
|
LONG-TERM BORROWINGS |
|
|
|
Deferred payment liabilities |
4.500 |
3.029 |
|
Loan from Directors |
7.595 |
9.705 |
|
|
|
|
|
Total |
12.095 |
12.734 |
INDEX
OF CHARGES:
|
S. No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10234598 |
19/02/2014 * |
137,500,000.00 |
STATE BANK OF INDIA |
COMMERCIAL BRANCH, KOLKATA, 24, PARK STREET, KOLKATA, WEST BENGAL - 700016, INDIA |
C00123489 |
FIXED ASSETS:
- Building
- Plant and Equipment
- Furniture and Fixtures
- Vehicles
- Office Equipment
- Computer and Printer
- Generator Set
- Electrical Installation
- Tools and Equipment
- Air Conditioner and Equipment
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
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. 66.39 |
|
UK Pound |
1 |
Rs. 102.59 |
|
Euro |
1 |
Rs. 74.90 |
INFORMATION DETAILS
|
Information
Gathered by : |
PRT |
|
|
|
|
Analysis Done by
: |
KRN |
|
|
|
|
Report Prepared
by : |
THR |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--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 |
YES |
|
--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.