MIRA INFORM REPORT
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Report No. : |
341342 |
|
Report Date : |
18.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
SUPRABHA PROTECTIVE PRODUCTS PRIVATE LIMITED |
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Registered
Office : |
21, Saraswat Colony, Pune – 411001, Maharashtra |
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Tel. No.: |
91-20-26061123 |
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Country : |
India |
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Financials (as
on) : |
31.03.2014 |
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Date of
Incorporation : |
13.08.1987 |
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Com. Reg. No.: |
11-044378 |
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Capital Investment
/ Paid-up Capital : |
Rs.13.300 Million |
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CIN No.: [Company Identification
No.] |
U29199PN1987PTC044378 |
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IEC No.: |
Not Available |
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TAN No.: [Tax Deduction &
Collection Account No.] |
PNES01426F |
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PAN No.: [Permanent Account No.] |
AACCS5981M |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture, produce, store, purchase, sell, import, export and
otherwise deal in anticorrosive products and other allied items. |
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No. of Employees
: |
Information declined by the management |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 450000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. For the financial year ended 2014, company’s financial risk profile
seems to be healthy with adequate networth base and favourable gap between
trade payables to its receivables. Further, rating also takes into consideration company’s long track
record of promoters in the packaging industry with well-developed
manufacturing facilities. Trade relations are fair. Business is active. Payment terms are
reported to be usually correct. The company can be considered for business dealings at usual trade
terms and conditions. NOTE: Profit & loss Account of the company is not available. |
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 |
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Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term bank facilities= BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
September, 2014 |
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
Management Non-cooperative (91-20-26061123)
LOCATIONS
|
Registered / Branch Office : |
21, Saraswat Colony, Pune – 411001, Maharashtra, India |
|
Tel. No.: |
91-20-26061123 / 26061329 / 26062806 |
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Fax No.: |
91-20-26061330 |
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E-Mail : |
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Website : |
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Head / Branch
Office – Pune : |
1st Floor, Bhandari Apartments, 373 Somwar Peth, Pune – 411001, Maharashtra, India |
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Tel. No.: |
91-20-26061238 |
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Fax No.: |
91-20-26061123 |
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E-Mail : |
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Branch Office –
Gurgaon : |
J-163, Ground Floor, Mayfield Garden, Near Nirwana South City-II, Gurgaon – 122001, Haryana, India |
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Tel. No.: |
91-124-3267622 |
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Fax No.: |
91-124-2219447 |
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E-Mail : |
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Branch Office –
Jamshedpur : |
Room No. 332, Asiana Trade Centre, Adityapur, Jamshedpur – 831013, Jharkhand, India |
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E-Mail : |
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Branch Office – Mumbai : |
No.4, 'B' Wing, Royal Garden, Kausa, Mumbra, Thane – 400612, Maharashtra, India |
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Tel. No.: |
91-22-25356594 |
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E-Mail : |
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Branch Office – Nashik : |
Renuka Nagar, Mapar wadi Road, Taluka-Sinnar, Nasik – 422103, Maharashtra, India |
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E-Mail : |
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Branch Office – Kolhapur : |
1242, E Opposite Shau Mill, Kolhapur – 416008, Maharashtra, India |
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Tel. No.: |
91-231-2522217 |
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E-Mail : |
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Branch Office – Gujarat : |
C/o Media Tech, 219 Arpan Complex, Near Delux Nizampura,
P.O. Fatehgunj, |
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Tel. No.: |
91-265-3245492 |
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Fax No.: |
91-265-2795243 |
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E-Mail : |
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Branch Office – Bangalore : |
No.10/24, Aditya, 6th B Cross, Balajinagar. B.S.K., 3rd Stage, Bangalore – 560085, Karnataka, India |
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Tel. No.: |
91-80-26690333 / 26690666 / 26691199 |
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Fax No.: |
91-80-26790179 |
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E-Mail : |
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Branch Office – Hyderabad : |
H. No-11-159/6 E, 1st Floor, Patwari Enclave, Opposite IDPL Colony, Gandhinagar Road, Hyderabad – 500037, Telangana, India |
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Tel. No.: |
91-40-23074373 |
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E-Mail : |
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Branch Office – Chennai : |
Srliees Apartments, Flat No. 6, 1st Floor, (Old# 103), New# 177, Lloyds Road, Royapettah, Chennai – 600014, Tamilnadu, India |
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Tel. No.: |
91-44-28111638 |
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Fax No.: |
91-44-28115953 |
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E-Mail : |
chennaisales@suprabha.com |
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Branch Office – Coimbatore : |
7/10 Krishna Nagar, Sugunapuram, Kuniamuthur (PO), Coimbatore – 641008, Tamilnadu, India |
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Tel. No.: |
91-422-2622272 |
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E-Mail : |
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Branch Office – Indore : |
Indore, Madhya Pradesh, India |
DIRECTORS
AS ON 05.09.2014
|
Name : |
Prabhakarrao Mahableshwar Bantwal |
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Designation : |
Managing Director |
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Address : |
'Suprabha', Jupiter Park Co-Operative Housing Society, Kalyani Nagar,
Pune – 411006, Maharashtra, India |
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Date of Birth/Age : |
13.12.1949 |
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Date of Appointment : |
13.08.1987 |
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DIN No.: |
00329893 |
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Other Directorship :
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Name : |
Pragati Prabhakar Bantwal |
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Designation : |
Director |
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Address : |
'Suprabha', Jupiter Park Co-Operative Housing Society, Kalyani Nagar,
Pune – 411006, Maharashtra, India |
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Date of Birth/Age : |
20.10.1981 |
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Date of Appointment : |
01.04.2005 |
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DIN No.: |
00645995 |
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Other Directorship :
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Name : |
Sumalata Prabhakarrao Bantwal |
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Designation : |
Director |
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Address : |
'Suprabha', Jupiter Park Co-Operative Housing Society, Kalyani Nagar,
Pune – 411006, Maharashtra, India |
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Date of Birth/Age : |
22.06.1955 |
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Date of Appointment : |
01.01.1991 |
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DIN No.: |
00646055 |
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Other Directorship :
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Name : |
Pratiti Prabhakarrao Bantwal |
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Designation : |
Whole-time Director |
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Address : |
'Suprabha', Jupiter Park Co-Operative Housing Society, Kalyani Nagar,
Pune – 411006, Maharashtra, India |
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Date of Birth/Age : |
21.01.1984 |
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Date of Appointment : |
01.10.2011 |
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DIN No.: |
03195993 |
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Other Directorship :
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MAJOR SHAREHOLDERS
AS ON 05.09.2014
|
Names of Shareholders |
No. of Shares |
|
Prabhakarrao Mahableshwar Bantwal |
90600 |
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Sumalata Prabhakarrao Bantwal |
38310 |
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Preeti Prabhakarrao Bantwal |
1278 |
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Pragati Prabhakarrao Bantwal |
1780 |
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Pratiti Prabhakarrao Bantwal |
1030 |
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Prabhakarrao Bantwal and Sumalata P. Bantwal (Trustees of Suprabha
Corporation) |
2 |
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|
|
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Total |
133000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 05.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacture, produce, store, purchase, sell, import, export and
otherwise deal in anticorrosive products and other allied items. |
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Products : |
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Brand Names : |
Not Divulged |
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Agencies Held : |
Not Divulged |
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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 : |
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Auditors : |
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Name : |
Nitin Parekh and Associates Chartered Accountants |
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Address : |
14, MG Road, Pune – 411001, Maharashtra, India |
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PAN No.: |
ABQPP5102M |
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Memberships : |
Not Divulged |
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Collaborators : |
Not Divulged |
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Associates/Subsidiaries : |
-- |
CAPITAL STRUCTURE
AS ON 05.09.2014
Authorised Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
135000 |
Equity Shares |
Rs.100/- each |
Rs.13.500 Million |
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Issued, Subscribed & Paid-up Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
133000 |
Equity Shares |
Rs.100/- each |
Rs.13.300 Million |
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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 |
13.300 |
9.000 |
9.000 |
|
(b) Reserves & Surplus |
144.957 |
126.954 |
80.223 |
|
(c) Share Capital Suspense |
0.000 |
4.300 |
0.000 |
|
(d) 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) |
158.257 |
140.254 |
89.223 |
|
|
|
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(3)
Non-Current Liabilities |
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|
|
|
(a) long-term borrowings |
239.402 |
254.876 |
67.058 |
|
(b) Deferred tax liabilities (Net) |
24.385 |
13.336 |
1.588 |
|
(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) |
263.787 |
268.212 |
68.646 |
|
|
|
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(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
140.367 |
85.922 |
35.857 |
|
(b) Trade
payables |
39.450 |
33.247 |
14.072 |
|
(c) Other
current liabilities |
114.043 |
127.092 |
61.325 |
|
(d) Short-term
provisions |
24.225 |
13.743 |
8.301 |
|
Total Current
Liabilities (4) |
318.085 |
260.004 |
119.555 |
|
|
|
|
|
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TOTAL |
740.129 |
668.470 |
277.424 |
|
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II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
290.089 |
272.680 |
60.255 |
|
(ii)
Intangible Assets |
0.229 |
0.179 |
0.148 |
|
(iii) Capital
work-in-progress |
0.000 |
9.189 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.101 |
0.101 |
0.013 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
16.111 |
6.650 |
0.000 |
|
(e) Other
Non-current assets |
25.460 |
34.339 |
3.917 |
|
Total Non-Current
Assets |
331.990 |
323.138 |
64.333 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
99.219 |
94.739 |
33.030 |
|
(c) Trade
receivables |
249.734 |
174.418 |
146.550 |
|
(d) Cash
and cash equivalents |
3.957 |
12.798 |
6.914 |
|
(e)
Short-term loans and advances |
2.486 |
8.571 |
8.499 |
|
(f) Other current
assets |
52.743 |
54.806 |
18.098 |
|
Total
Current Assets |
408.139 |
345.332 |
213.091 |
|
|
|
|
|
|
TOTAL |
740.129 |
668.470 |
277.424 |
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) operations |
NA |
NA |
NA |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Debt Equity Ratio (Total Debt /Networth) |
|
2.40 |
2.43 |
1.15 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28 |
1.33 |
1.78 |
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 |
13.300 |
|
Reserves & Surplus |
80.223 |
126.954 |
144.957 |
|
Share Capital Suspense |
0.000 |
4.300 |
0.000 |
|
Net
worth |
89.223 |
140.254 |
158.257 |
|
|
|
|
|
|
long-term borrowings |
67.058 |
254.876 |
239.402 |
|
Short term borrowings |
35.857 |
85.922 |
140.367 |
|
Total
borrowings |
102.915 |
340.798 |
379.769 |
|
Debt/Equity
ratio |
1.153 |
2.430 |
2.400 |
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 |
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 |
No |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
No |
|
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 |
INDEX OF CHARGE:
|
Sr. No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10581712 |
22/06/2015 |
200,000,000.00 |
KOTAK MAHINDRA BANK LIMITED |
27BKC, C 27, G BLOCK, BANDRA KURLA COMPLEX, BANDRA (E),, MUMBAI, MAHARASHTRA - 400051, INDIA |
C59731968 |
|
2 |
10547661 |
31/01/2015 |
4,708,216.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57 NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
C42816892 |
|
3 |
10516924 |
29/08/2014 |
33,333,333.00 |
INTEC CAPITAL LIMITED |
701,MANJUSHA, 57 NEHRU PLACE, NEW DELHI, DELHI - 110019, INDIA |
C18528406 |
|
4 |
10260100 |
30/10/2014 * |
165,000,000.00 |
CITI BANK N.A. |
FIRST FLOOR, ONYX TOWER, NEAR WESTIN HOTEL,, NORTH MAIN ROAD, KOREGAON PARK, PUNE, MAHARASHTRA - 411001, INDIA |
C36080885 |
|
5 |
10261125 |
22/10/2012 * |
125,000,000.00 |
CITIBANK N.A |
FIRST
FLOOR, ONYX TOWER, NEAR WESTIN HOTEL, NORTH |
B63879530 |
|
6 |
10261126 |
22/10/2012 * |
125,000,000.00 |
CITIBANK N.A |
FIRST FLOOR, ONYX TOWER, NEAR WESTIN HOTEL, NORTH MAIN ROAD, KOREGAON PARK, PUNE, MAHARASHTRA - 411001, INDIA |
B63878185 |
|
7 |
10112845 |
23/06/2010 * |
7,500,000.00 |
CITIBANK N. A. |
KUMAR CAPITAL, 2413, EAST STREET, CAMP, PUNE, MAHARASHTRA - 411001, INDIA |
A89179329 |
|
8 |
90091092 |
15/11/1999 |
1,000,000.00 |
JUNASEVA SAHAKARI BANK LTD. |
CAMP BRANCH, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
9 |
90087837 |
21/01/1995 * |
1,500,000.00 |
CANARA BANK |
CAMP BRANCH, 11; M.G. ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
10 |
90084126 |
01/06/1994 |
832,000.00 |
CANARA BANK |
CAMP BRANCH, 11; M.G. ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
11 |
90084088 |
18/03/1994 |
68,000.00 |
CANARA BANK |
M.G. ROAD, CAMP, PUNE, MAHARASHTRA, INDIA |
- |
|
12 |
90083759 |
14/12/1995 * |
1,760,000.00 |
CANARA BANK |
CAMP BRANCH, 11; M.G. ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
13 |
90089657 |
31/12/1997 * |
1,760,000.00 |
CANARA BANK |
CAMP BRANCH, 11; M.G. ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
14 |
90087686 |
12/12/1996 * |
130,000.00 |
CANARA BANK |
CAMP BRANCH, 11; M.G. ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
15 |
90089603 |
23/05/1991 * |
130,000.00 |
CANARA BANK |
CAMP BRANCH, 11; M.G. ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
16 |
90089501 |
29/09/1989 |
97,000.00 |
CANARA BANK |
CAMP BRANCH, 11; M.G. ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
- |
|
17 |
90083490 |
26/09/1987 |
59,600.00 |
CANARA BANK |
CAMP BRANCH, 11; M.G. ROAD, PUNE, MAHARASHTRA - 411001, INDIA |
- |
*Date of modification Charges
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 records 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.66.50 |
|
|
1 |
Rs.102.00 |
|
Euro |
1 |
Rs.75.03 |
INFORMATION DETAILS
|
Information
Gathered by : |
KAM |
|
|
|
|
Analysis Done by
: |
HNA |
|
|
|
|
Report Prepared
by : |
NKT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILITY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
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 |
|
46 |
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.