MIRA INFORM REPORT
|
Report No. : |
342825 |
|
Report Date : |
28.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
INDEPESCA OVERSEAS PRIVATE LIMITED (w.e.f.21.12.2004) |
|
|
|
|
Formerly Known
As : |
SAGARVIHAR FISHERIES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. M-03, MIDC, Taloja, District Raigad – 410208, Maharashtra |
|
Tel. No.: |
91-22-64552222 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2014 |
|
|
|
|
Date of
Incorporation : |
04.03.2004 |
|
|
|
|
Com. Reg. No.: |
11-144847 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 170.000 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U05005MH2004PTC144847 |
|
|
|
|
IEC No.: |
0304025313 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS42591D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS1304G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Sea foods and Supplier of Frozen fish and marine
products. |
|
|
|
|
No. of Employees
: |
550 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was incorporated on 4th March, 2004. It has moderate track record. As per Director’s report, the company has not carried out any fish processing activities during FY2014, due to which sales turnover of the company has drastically declined and it has incurred a loss from its operations. There is unfavorable gap between trade receivables and trade receivables and trade payables. However, trade relations are fair. Business is active. Payments term are reported to be slow but correct. The company can be considered for business dealings with some cautions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
Not Available |
|
Rating |
Not Available |
|
Rating Explanation |
Not Available |
|
Date |
Not Available |
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 PARTED BY
|
Name : |
Mr. Mohan Bhatkoorsa |
|
Designation : |
Business Head |
|
Contact No.: |
91-9167318684 |
|
Date : |
24.09.2015 |
LOCATIONS
|
Registered Office/ Factory : |
Plot No. M-03, MIDC, Taloja, District Raigad – 410208, Maharashtra,
India |
|
Tel. No.: |
91-22-64552222 |
|
Mobile No.: |
91-9167318684 (Mr. Mohan Bhatkoorsa) |
|
Fax No.: |
91-22-27410984 |
|
E-Mail : |
mohan.bhatkoorsa@indepesca.com pavitra.mehta@tritongroup.biz |
|
Website : |
http://www.indepesca.com |
|
Area : |
5000 Sq. Ft. |
|
Location : |
Owned |
DIRECTORS
As on 26.09.2014
|
Name : |
Mr. Ashvin Mohanlal Samtani |
|
Designation : |
Director |
|
Address : |
11-N, Shamshiba, |
|
Date of Birth/Age : |
23.05.1954 |
|
Date of Appointment : |
01.06.2004 |
|
PAN No.: |
AAKPS0657B |
|
DIN No.: |
00264281 |
|
|
|
|
Name : |
Mr. Praveen Kumar Rao |
|
Designation : |
Director |
|
Address : |
Flat No. 703, Raheja Classique, Building No. 3, CTS 619B/1, Link Road,
Oshiwara, Andheri (West), Mumbai-400053, Maharashtra, India |
|
Date of Birth/Age : |
13.04.1955 |
|
Date of Appointment : |
09.08.2005 |
|
DIN No.: |
02076376 |
|
|
|
|
Name : |
Mr. Raju Mohanlal Samtani |
|
Designation : |
Director |
|
Address : |
I /2, Plot CTS No F-80 P, Emly Apartments, TPS-III, 15th Road, Khar (West), Mumbai - 400052, Maharashtra, India |
|
Date of Appointment : |
31.03.2015 |
|
PAN No.: |
AAIPS5278G |
|
DIN No.: |
01951386 |
KEY EXECUTIVES
|
Name : |
Mrs. Pavitra Ajit Mehta |
|
Designation : |
Secretary |
|
Address : |
7A, Shri-Niketan, 61-B, North Avenue, Santacruz (West), Mumbai –
400054, Maharashtra, India |
|
Date of Birth/Age : |
18.03.1984 |
|
Date of Appointment : |
29.03.2010 |
|
PAN No.: |
AQXPM8687Q |
|
|
|
|
Name : |
Mr. Mohan Bhatkoorsa |
|
Designation : |
Business Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.09.2014
|
Names of Shareholders |
No. of Shares |
%age
holding |
|
Gaurav Ashvin Samtani |
196000 |
1.15 |
|
Ashvin Mohanlal Samtani |
16608000 |
97.70 |
|
Lavin Ashvin Samtani |
196000 |
1.15 |
|
Total |
17000000 |
100.00 |
Equity Share Break up (Percentage of Total Equity)
As on 26.09.2014
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Processing, Exporting and Importing of Frozen fish, Sea Foods. Marine
Products. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
Not Available |
|
|
|
|
Agencies Held : |
Not Available |
|
|
|
|
Exports : |
Not Available |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
Vietnam |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit (30,60,90 Days) |
|
|
|
|
Purchasing : |
Cash, Credit (30,60,90 Days) |
PRODUCTION STATUS NOT AVAILABLE
GENERAL INFORMATION
|
Suppliers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Customers : |
End Users, OEMs
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
No. of Employees : |
550 (Approximately) |
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Bankers : |
|
||||||||||||||||||||||
|
|
|
||||||||||||||||||||||
|
Facilities : |
(Rs.
In Million)
|
|
Auditors : |
|
|
Name : |
K R Raheja and Company Chartered Accountants |
|
Address : |
103, Commerce House,
Maruaai Mandir Road, Danpada , Khar (West), Mumbai, Maharashtra, India |
|
Tel. No.: |
91-22-26001122/ 26001133/ 26496104 |
|
Fax No.: |
91-22-26044425 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
ADQPR8580H |
|
|
|
|
Memberships : |
-- |
|
|
|
|
Collaborators : |
-- |
|
|
|
|
Associates: |
CIN No.:U72200MH2004PTC145988
CIN No.:U15201MH2009PTC190221
CIN No.:U05000MH2009PTC189686
CIN No.:U63020MH2010PTC206681 |
CAPITAL STRUCTURE
As on 26.09.2014
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
20000000 |
Equity Shares |
Rs.10/- each |
Rs. 200.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
17000000 |
Equity Shares |
Rs.10/- each |
Rs. 170.000
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Million]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
170.000 |
170.000 |
170.000 |
|
(b) Reserves & Surplus |
414.571 |
431.542 |
441.538 |
|
(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) |
584.571 |
601.542 |
611.538 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
264.258 |
425.613 |
666.341 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(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) |
264.258 |
425.613 |
666.341 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short
term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Trade
payables |
58.442 |
86.817 |
40.281 |
|
(c) Other current
liabilities |
193.208 |
303.042 |
191.882 |
|
(d) Short-term
provisions |
4.377 |
1.408 |
2.201 |
|
Total Current
Liabilities (4) |
256.027 |
391.267 |
234.364 |
|
|
|
|
|
|
TOTAL |
1104.856 |
1418.422 |
1512.243 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
841.193 |
807.238 |
564.164 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
0.000 |
89.471 |
306.822 |
|
(iv)
Intangible assets under development |
0.127 |
0.000 |
0.000 |
|
(b) Non-current Investments |
0.000 |
1.374 |
31.959 |
|
(c) Deferred tax assets (net) |
1.709 |
23.351 |
1.683 |
|
(d) Long-term Loan and Advances |
0.000 |
0.000 |
0.000 |
|
(e) Other Non-current
assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
843.029 |
921.434 |
904.628 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
146.142 |
252.973 |
330.451 |
|
(c) Trade
receivables |
25.727 |
117.138 |
73.237 |
|
(d) Cash
and cash equivalents |
14.815 |
7.507 |
3.716 |
|
(e)
Short-term loans and advances |
74.393 |
117.870 |
200.211 |
|
(f) Other
current assets |
0.750 |
1.500 |
0.000 |
|
Total
Current Assets |
261.827 |
496.988 |
607.615 |
|
|
|
|
|
|
TOTAL |
1104.856 |
1418.422 |
1512.243 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
|
SALES |
|
|
|
|
|
Revenue From Operations |
326.518 |
598.438 |
478.999 |
|
|
Other Income |
1.623 |
2.975 |
N.A |
|
|
TOTAL
|
328.141 |
601.413 |
N.A |
|
|
|
(Processing
activities have been currently stopped) |
|
|
|
|
|
|
|
|
|
Less |
TOTAL
EXPENSES |
294.730 |
578.766 |
N.A |
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
33.411 |
22.647 |
14.365 |
|
|
|
|
|
|
|
Less/
Add |
DEPRECIATION/
AMORTISATION |
34.926 |
19.385 |
13.21 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
(1.515) |
3.262 |
1.155 |
|
|
|
|
|
|
|
Less |
TAX |
0.664 |
1.224 |
0.590 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
(2.179) |
2.038 |
0.565 |
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
7.308 |
5.270 |
4.705 |
|
|
|
|
|
|
|
|
Balance
Carried to the B/S |
5.129 |
7.308 |
5.270 |
|
|
|
|
|
|
|
|
Earnings
/ (Loss) Per Share (Rs.) |
(0.12) |
0.11 |
0.03 |
|
Particulars |
|
|
31.03.2015 |
|
Sales Turnover (Approximately) |
|
|
400.000 |
The above information has been parted by Mr. Mohan Bhatkoorsa (Business
Head)
CURRENT MATURITIES OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Current Maturities of Long term debt |
N.A |
N.A |
N.A |
|
Cash generated from operations |
N.A |
N.A |
N.A |
|
Net cash flow from operating activity |
N.A |
N.A |
N.A |
KEY
RATIOS
|
PARTICULARS |
|
31.03.2014 |
31.03.2013 |
31.03.2012 |
|
Net Profit Margin (PAT / Sales) |
(%) |
(0.67) |
0.34 |
0.12 |
|
|
|
|
|
|
|
Operating Profit Margin (PBIDT/Sales) |
(%) |
0.00 |
0.00 |
100.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(0.14) |
0.25 |
0.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00 |
0.01 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.45 |
0.71 |
1.09 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.02 |
1.27 |
2.59 |
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 |
170.000 |
170.000 |
170.000 |
|
Reserves & Surplus |
441.538 |
431.542 |
414.571 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
611.538 |
601.542 |
584.571 |
|
|
|
|
|
|
long-term borrowings |
666.341 |
425.613 |
264.258 |
|
Short term borrowings |
0.000 |
0.000 |
0.000 |
|
Total
borrowings |
666.341 |
425.613 |
264.258 |
|
Debt/Equity
ratio |
1.090 |
0.708 |
0.452 |
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 |
478.999 |
598.438 |
326.518 |
|
|
|
24.935 |
(45.438) |
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 |
478.999 |
598.438 |
326.518 |
|
Profit |
0.565 |
2.038 |
(2.179) |
|
|
0.12% |
0.34% |
(0.67)% |
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 |
Yes |
|
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 |
Yes |
|
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 |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
Yes |
|
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% |
Yes |
|
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 |
No |
|
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: The
registered office of the company has been shifted from Plot No. M-03, MIDC,
Next to Kingfisher Beer Company, Taloja – 410208, Maharashtra, India to present address
w.e.f.18.07.2011
OPERATIONS
During the year, the Company has achieved a turnover of Rs.326.500 Million which is lower than the previous year’s turnover of Rs. 598.400 Million and has incurred Net Loss after Tax of Rs. 2.179 Million as compared to Net Profit after Tax of Rs. 2.038 Million in the previous year.
There has been an operational profit before depreciation and
tax of Rs. 33.400 Million in current year as against Rs. 22.600 Million in
previous year. However, the Company has incurred a loss of Rs. 3.704 Million on
account of sale of obsolete assets of the Company resulting in net loss of Rs.
2.179 Million for the year.
BUSINESS ACTIVITIES
The Cold Stores at Factory are operating while the processing activities have been currently stopped for overhauling and refurbishing the factory with the modern state of art equipment.
UNSECURED LOAN
(Rs.
In Million)
|
Particulars |
As
on 31.03.2014 |
As
on 31.03.2013 |
|
LONG TERM
BORROWING |
|
|
|
Loans and Advance from Related Parties |
103.356 |
147.292 |
|
Other Loans and Advance |
37.500 |
146.823 |
|
|
|
|
|
Total |
140.856 |
294.115 |
|
|
|
|
INDEX OF CHARGES:
|
S.No. |
Charge ID |
Date of Charge
Creation/Modification |
Charge amount
secured |
Charge Holder |
Address |
Service Request
Number (SRN) |
|
1 |
10537590 |
26/11/2014 |
139,000,000.00 |
DEUTSCHE BANK AG |
P.O. BOX NO.
9080, GOREGAON (EAST), MUMBAI- 400063, MAHARASHTRA, INDIA |
C37112166 |
|
2 |
10500854 |
09/05/2014 |
50,000,000.00 |
INDUSIND BANK
LIMITED |
BUSINESS PARK,
TILAK ROAD, GHATKOPAR (EAST), MUMBAI- 400077, MAHARASHTRA, INDIA |
C05508643 |
FIXED ASSETS
- Land
- Buildings
- Plant and equipment
- Furniture and fixtures
- Vehicles
- Office equipment
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.66.08 |
|
|
1 |
Rs.100.31 |
|
Euro |
1 |
Rs.73.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
PPT |
|
|
|
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
RKI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL
CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILITY |
1~10 |
1 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.