MIRA INFORM REPORT
|
Report No. : |
340834 |
|
Report Date : |
12.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
KANPUR EDIBLES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Flat No 103, Gagan Complex, 15/260-A-1, Civil Lines, Kanpur – 208001,
Uttar Pradesh |
|
Tel. No.: |
91-512-2331167 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
25.01.1990 |
|
|
|
|
Com. Reg. No.: |
20-011589 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.26.585 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15326UP1990PTC011589 |
|
|
|
|
IEC No.: |
Not Available |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
Not Available |
|
|
|
|
PAN No.: [Permanent Account No.] |
Not Available |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturing and Executing sale of refined edible oil, vanaspati, de-oiled cakes (DOC) and Soya bari. |
|
|
|
|
No. of Employees
: |
Information declined by the management
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated in the year 1990 and it is a manufacturer and supplier of edible oil. Subject is an established company having satisfactory track record. For the financial year ended 2014, sales turnover of the company has declined which has resulted into 9ip in profit of the company. However, rating takes into consideration company's established track record of business operations marked by sound financial base along with above average net worth profile and moderate debt protection metrics. Moreover, rating strengths are partially offset by susceptibility of KEPL's operating margin to volatility in raw material prices and its exposure to government regulations. Trade relations are fair. Business is active. Payment terms are reported to be usually correct. In view of aforesaid, the company can be considered for business dealings at usual trade terms and condition. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating : BBB |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
21.07.2015 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short term rating : A3+ |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
21.07.2015 |
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 BY
|
Name : |
Mr. Sandip Jain |
|
Designation : |
Not Divulged |
|
Contact No.: |
91-7499618310 |
|
Date : |
11.09.2015 |
LOCATIONS
|
Registered Office : |
Flat No 103, Gagan Complex, 15/260-A-1, Civil Lines, Kanpur – 208001,
Uttar Pradesh, India |
|
Tel. No.: |
91-512-2331167 |
|
Mobile No.: |
91-7499618310 (Mr. Sandip Jain) |
|
Fax No.: |
91-512-2331163 |
|
E-Mail : |
|
|
|
|
|
Factory : |
Gata No. 190, 201, Rania, Ramabhai Nagar, Kanpur – 209304, Uttar
Pradesh, India |
|
Tel. No.: |
91-512-2350451 |
|
Fax No.: |
91-512-2350452 |
|
E-Mail : |
DIRECTORS
AS ON 31.03.2015
|
Name : |
Mr. Manoj Kumar Gupta |
|
Designation : |
Director |
|
Address : |
15/260A, Civil Lines, Kanpur - 208001, Uttar Pradesh,
India |
|
Date of Birth/Age : |
04.07.1964 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00221590 |
|
|
|
|
Name : |
Mr. Sunil Kumar Gupta |
|
Designation : |
Director |
|
Address : |
15/260A, Civil Lines, Kanpur - 208001, Uttar Pradesh,
India |
|
Date of Birth/Age : |
15.10.1966 |
|
Date of Appointment : |
15.04.2006 |
|
DIN No.: |
00221658 |
|
|
|
|
Name : |
Mr. Ankit Gupta |
|
Designation : |
Director |
|
Address : |
15/260A, Civil Lines, Kanpur - 208001, Uttar Pradesh,
India |
|
Date of Birth/Age : |
12.12.1982 |
|
Date of Appointment : |
01.04.2007 |
|
DIN No.: |
00227244 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 28.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Urmila Gupta |
|
47000 |
|
Suresh Prasad Gupta |
|
81500 |
|
Mahesh Prasad Gupta |
|
66500 |
|
Rama Gupta |
|
31400 |
|
Pramod Kumar Gupta |
|
107500 |
|
Ganesh Prasad Gupta |
|
40500 |
|
Rajni Gupta |
|
24000 |
|
Tapeshwari P. Gupta |
|
47500 |
|
Asha Gupta |
|
8500 |
|
Sunil Gupta |
|
58500 |
|
Shalini Gupta |
|
85150 |
|
Manoj Kumar Gupta |
|
80000 |
|
Sweta Gupta |
|
72750 |
|
Sharda Gupta |
|
10015 |
|
Sangeeta Gupta |
|
14015 |
|
Ankit Gupta |
|
65008 |
|
Arjit Gupta |
|
2 |
|
Rrm Shares and Securities Limited |
|
410000 |
|
Bhagwati Prasad Gupta Huf |
|
187500 |
|
Ramesh Chand Gupta |
|
34500 |
|
Arpit Gupta |
|
15000 |
|
Ankur Dealers Private Limited |
|
1150000 |
|
Deepti Gupta |
|
538 |
|
Parul Gupta |
|
20522 |
|
Aniket Gupta Education and Beneficiary Trust |
|
50 |
|
Aniket Gupta Marriage Beneficiary Trust |
|
50 |
|
Vinayak Gupta Education and Beneficiary Trust |
|
50 |
|
Abhishek Gupta Education and Beneficiary Trust |
|
50 |
|
Abhishek Gupta Marriage Beneficiary Trust |
|
50 |
|
Manjari Gupta Education and Beneficiary Trust |
|
50 |
|
Manjari Gupta Marriage Beneficiary Trust |
|
50 |
|
Ruchit Gupta Education and Beneficiary Trust |
|
50 |
|
Ruchit Gupta Marriage Beneficiary Trust |
|
50 |
|
Sakshi Gupta Education and Beneficiary Trust |
|
50 |
|
Sakshi Gupta Marriage Beneficiary Trust |
|
50 |
|
Total |
|
2658450 |
Equity Share Break up (Percentage of Total Equity)
AS ON 28.09.2013
|
Category |
Percentage |
|
Bodies corporate |
59.00 |
|
Directors or relatives of Directors |
41.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturing and Executing sale of refined edible oil,
vanaspati, de-oiled cakes (DOC) and Soya bari. |
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Products : |
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Brand Names : |
Mayur |
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Agencies Held : |
Not Available |
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Exports : |
Not Divulged |
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Imports : |
Not Divulged |
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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 : |
Information declined by the management
|
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Bankers : |
Kotak Mahindra Bank Limited, 36-38a, Nariman Bhavan, 227,D,, Nariman Point,, Mumbai - 400021, Maharashtra, India
|
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Facilities : |
(Rs.
In Million)
|
|
Financial Institute: |
Tata Motors Finance Limited, Nanavati Mahalaya,18, Homi Modi
Street, Hutatma Chowk,, Mumbai - 400001, Maharashtra, India |
|
|
|
|
Auditors : |
|
|
Name : |
Rajendra Neeti and Associates Chartered Accountants |
|
Address : |
112/292, Swaroop Nagar, Kanpur, Uttar Pradesh, India |
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAOFR2710A |
|
|
|
|
Memberships : |
Not Available |
|
|
|
|
Collaborators : |
Not Available |
|
|
|
|
Associates: |
|
|
|
|
|
Subsidiary company: |
|
CAPITAL STRUCTURE
AS ON 31.03.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs. 50.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2658500 |
Equity Shares |
Rs.10/- each |
Rs. 26.585
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 |
26.585 |
25.425 |
25.425 |
|
(b) Reserves & Surplus |
1414.003 |
852.902 |
770.004 |
|
(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) |
1440.588 |
878.327 |
795.429 |
|
|
|
|
|
|
(3) Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
414.592 |
474.346 |
453.881 |
|
(b) Deferred tax liabilities
(Net) |
16.399 |
19.643 |
19.611 |
|
(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) |
430.991 |
493.989 |
473.492 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
2735.172 |
3176.688 |
3254.940 |
|
(b) Trade payables |
2362.394 |
1901.058 |
1974.050 |
|
(c) Other current liabilities |
19.342 |
53.692 |
15.646 |
|
(d) Short-term provisions |
58.080 |
55.778 |
62.900 |
|
Total
Current Liabilities (4) |
5174.988 |
5187.216 |
5307.536 |
|
|
|
|
|
|
TOTAL |
7046.567 |
6559.532 |
6576.457 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
1119.659 |
687.764 |
707.918 |
|
(ii) Intangible Assets |
0.916 |
1.922 |
0.919 |
|
(iii) Capital work-in-progress |
62.797 |
55.980 |
16.687 |
|
(iv) Intangible assets under
development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
40.107 |
40.107 |
40.107 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
10.561 |
10.020 |
8.311 |
|
(e) Other Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total
Non-Current Assets |
1234.040 |
795.793 |
773.942 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
2454.072 |
2460.211 |
1661.933 |
|
(c) Trade receivables |
810.009 |
622.094 |
973.172 |
|
(d) Cash and cash equivalents |
2402.501 |
2570.175 |
3081.816 |
|
(e) Short-term loans and
advances |
79.163 |
47.774 |
24.451 |
|
(f) Other current assets |
66.782 |
63.485 |
61.143 |
|
Total
Current Assets |
5812.527 |
5763.739 |
5802.515 |
|
|
|
|
|
|
TOTAL |
7046.567 |
6559.532 |
6576.457 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue |
15789.689 |
16146.377 |
14833.901 |
|
|
Other Income |
NA |
NA |
NA |
|
|
TOTAL
|
NA |
NA |
NA |
|
|
|
|
|
|
|
|
EXPENSES |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
120.732 |
122.952 |
101.952 |
|
|
|
|
|
|
|
|
TAX |
42.448 |
39.430 |
34.031 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
81.206 |
83.489 |
67.921 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
30.55 |
NA |
NA |
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 flows from (used in) operations |
388.235 |
(338.280) |
199.833 |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
0.51 |
0.52 |
0.46 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.74 |
1.90 |
1.56 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08 |
0.14 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.19 |
4.16 |
4.66 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.12 |
1.11 |
1.09 |
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 |
25.425 |
25.425 |
26.585 |
|
Reserves & Surplus |
770.004 |
852.902 |
1414.003 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
795.429 |
878.327 |
1440.588 |
|
|
|
|
|
|
long-term borrowings |
453.881 |
474.346 |
414.592 |
|
Short term borrowings |
3254.940 |
3176.688 |
2735.172 |
|
Total
borrowings |
3708.821 |
3651.034 |
3149.764 |
|
Debt/Equity
ratio |
4.663 |
4.157 |
2.186 |
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 |
14833.901 |
16146.377 |
15789.689 |
|
|
|
8.848 |
(2.209) |
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 |
14833.901 |
16146.377 |
15789.689 |
|
Profit |
67.921 |
83.489 |
81.206 |
|
|
0.46% |
0.52% |
0.51% |
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 |
Yes |
|
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 |
NOTE: Registered office of the company has been shifted
from 51/48, A Shakkarpati, Kanpur – 208001, Uttar Pradesh, India to the present address w.e.f. 10.05.2013
REVIEW OF OPERATION
During the period the company’s revenue the company faced a decrease in revenue from Rs. 16146.377 Million in previous year to Rs. 15789.629 Million in current financial year owing to the currency market fluctuation, agricultural adversities and instability in the economy. The Directors are hopeful for a more positive and effective growth in the upcoming year
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and advances from others |
350.818 |
335.876 |
|
Total |
350.818 |
335.876 |
INDEX
OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE
CREATION/MODIFICATION |
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
90275311 |
08/07/2015 * |
5,000,000,000.00 |
PUNJAB NATIONAL BANK |
59/29, BIRHANA ROAD, KANPUR, UTTAR PRADESH - 2080 |
C60626678 |
|
2 |
90278803 |
23/05/2014 * |
400,000,000.00 |
PUNJAB NATIONAL BANK |
59/29, BIRHANA ROAD, KANPUR, UTTAR PRADESH - 2080 |
C07323959 |
* Date of charge modification
FIXED ASSETS
Tangible assets
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Computer equipments
- Other equipments
Intangible assets
- Computer software
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, 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 : |
NYA |
|
|
|
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
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 |
|
43 |
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.