l1. Summary Information
|
|
|
Country |
|
|
Company Name |
KINGS
INTERNATIONAL LIMITED |
Principal Name 1 |
Mr. Nasrullah Mohammad |
|
Status |
Moderate |
Principal Name 2 |
Mr. Tej Alam |
|
|
|
Registration # |
20-017344 |
|
Street Address |
Sakina Manor,
133/243-Btransport Nagar, |
||
|
Established Date |
28.12.1994 |
SIC Code |
-- |
|
Telephone# |
91-512-2615615 |
Business Style 1 |
Manufacturer |
|
Fax # |
91-512-2600253 |
Business Style 2 |
Exporter |
|
Homepage |
Product Name 1 |
|
|
|
# of employees |
Not Available |
Product Name 2 |
All Purpose Saddle |
|
Paid up capital |
Rs. 36,000,000/- |
Product Name 3 |
Stock Saddle |
|
Shareholders |
Directors or
relatives of Directors (100.00%) |
Banking |
Andhra Bank |
|
Public Limited Corp. |
NO |
Business Period |
17 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO- |
Rating |
B
(31) |
|
Related
Company |
|||
|
Relation
-- |
Country -- |
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
23,279,000 |
Current Liabilities |
34,579,000 |
|
Inventories |
66,148,000 |
Long-term Liabilities |
46,606,000
|
|
Fixed Assets |
37,611,000 |
Other Liabilities |
2,302,000 |
|
Deferred Assets |
-- |
Total Liabilities |
83,487,000 |
|
Invest& other Assets |
6,894,000 |
Retained Earnings |
14,445,000 |
|
|
|
Net Worth |
50,445,000 |
|
Total Assets |
133,932,000 |
Total Liab. & Equity |
133,932,000 |
|
Total Assets (Previous Year) |
125,150,000 |
|
|
|
P/L Statement as of |
31.03.2009 |
(Unit: Indian Rs.) |
|
|
Sales |
154,251,000 |
Net Profit |
5,646,000 |
|
Sales(Previous yr) |
141,079,000 |
Net Profit(Prev.yr) |
5,312,000 |
MIRA
INFORM REPORT
|
Report Date : |
01.08.2011 |
IDENTIFICATION DETAILS
|
Name : |
KINGS INTERNATIONAL LIMITED |
|
|
|
|
Registered
Office : |
Sakina Manor, 133/243-Btransport Nagar, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
28.12.1994 |
|
|
|
|
Com. Reg. No.: |
20-017344 |
|
|
|
|
Capital
Investment/ Paid-up Capital: |
Rs.36.000
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U25199UP1994PLC017344 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
KNPK01329G / KNPK00213D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACO1636P |
|
|
|
|
Legal Form : |
A closely held Public Limited Liability Company. |
|
|
|
|
Line of Business
: |
Manufacturer-exporter of Saddlery and Harness goods |
|
|
|
|
No. of Employees: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 200000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track. Latest financials
of the company are missing from the government departments. However, trade
relations are reported as fair. Business is active. Payments are reported to
be slow but correct. The company can be considered for business dealings 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 – April 1, 2010
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION DECLINED BY
|
Name : |
Mr. Brijesh Gupta |
|
Designation : |
Head in Account |
|
Date : |
26.07.2011 |
LOCATIONS
|
Registered Office : |
Sakina Manor, 133/243-Btransport Nagar, |
|
Tel. No.: |
91-512-2615615 |
|
Fax No.: |
91-512-2600253 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
243, Transport Nagar, |
|
Tel. No.: |
91-512-2600262/ 2615615/ 2606311 |
|
/Fax No.: |
91-512-2600253 |
|
E-Mail : |
|
|
|
|
|
Tannery/ Factory : |
D-13 and D-19, (Site
II)UPSIDC, Industrial Area, Unnao - 209 801, |
|
Tel. No.: |
91-515-2829233/ 2829258/ 2829915 |
|
Fax No.: |
91-515-2829813 |
|
E-Mail : |
|
|
|
|
|
|
18, |
|
Tel. No.: |
91-44-20-89070725 |
|
Fax No.: |
91-44-20-89078544 |
|
E-Mail : |
DIRECTORS
As on 30.09.2010
|
Name : |
Mr. Mohammad Nasrullah |
|
Designation : |
Chairman Cum Managing Director |
|
Address : |
“Sakina Manor” 133/243-B, Transport Nagar, |
|
Date of Birth/Age : |
03.03.1913 |
|
Date of Appointment : |
28.12.1994 |
|
DIN No.: |
00244634 |
|
|
|
|
Name : |
Mr. Taj Alam |
|
Designation : |
Managing Director |
|
Address : |
“Sakina Manor” 133/243-B, Transport Nagar, |
|
Date of Birth/Age : |
27.08.1954 |
|
Date of Appointment : |
28.12.1994 |
|
DIN No.: |
0244426 |
|
|
|
|
Name : |
Mr. Aishah Bilgram |
|
Designation : |
Whole Time Director |
|
Address : |
“Sakina Manor” 133/243-B, Transport Nagar, |
|
Date of Appointment : |
28.12.1994 |
|
DIN No.: |
00244527 |
|
|
|
|
Name : |
Mr. Saif Taj |
|
Designation : |
Whole Time Director |
|
Address : |
“Sakina Manor” 133/243-B, Transport Nagar, |
|
Date of Birth/Age : |
09.10.1981 |
|
Date of Appointment : |
01.04.2004 |
|
DIN No.: |
00244699 |
KEY EXECUTIVES
|
Name : |
Mr. Brijesh Gupta |
|
Designation : |
Head in Account |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Mohammad Nasrullah |
|
15100 |
|
Alam Taj |
|
2884600 |
|
Aishah Bilgrami |
|
100000 |
|
Tanveer Alam |
|
100 |
|
Khalda Taj |
|
100000 |
|
Sabnam Khalid |
|
100 |
|
Azra Tariq |
|
100 |
|
Saif Taj |
|
400000 |
|
Ufra Azeem |
|
100000 |
|
Total |
|
3600000 |
Equity Share Breakup (Percentage of Total Equity)
As On 30.09.2010
|
S. No. |
Category |
Percentage |
|
1 |
Directors or
relatives of Directors |
100.00 |
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer-exporter of Saddlery and Harness goods |
||||
|
|
|
||||
|
Products : |
|
PRODUCTION STATUS
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Tannery |
Hides/P.a |
60000 |
60000 |
20366 |
|
Saddlery |
Pcs |
NA |
NA |
165170 |
GENERAL INFORMATION
|
Bankers : |
|
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Khamesra Bhatia and Mehrotra Chartered Accountant |
|
Address : |
117/22, 1st Floor, Sarvodya Nagar, |
|
Tel No.: |
91-512-2212863 |
|
Email : |
|
|
PAN No.: |
AFJPS0920B |
CAPITAL STRUCTURE
As on 31.03.2009
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
7000000 |
Equity Shares |
Rs.10/- each |
Rs.70.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
3600000 |
Equity Shares |
Rs.10/- each |
Rs.36.000
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
36.000 |
36.000 |
36.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
14.445 |
8.800 |
3.487 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
50.445 |
44.800 |
39.487 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
41.491 |
42.741 |
36.635 |
|
|
2] Unsecured Loans |
2.056 |
0.552 |
2.154 |
|
|
3] Deferred Creditors |
3.059 |
3.636 |
2.976 |
|
|
TOTAL BORROWING |
46.606 |
46.929 |
41.765 |
|
|
DEFERRED TAX LIABILITIES |
2.302 |
2.068 |
2.122 |
|
|
|
|
|
|
|
|
TOTAL |
99.353 |
93.797 |
83.374 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
37.611 |
34.382 |
31.025 |
|
|
Capital work-in-progress |
5.850 |
1.021 |
3.473 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.858 |
0.859 |
0.227 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
66.148
|
66.859 |
65.014 |
|
|
Sundry Debtors |
9.867
|
10.830 |
10.730 |
|
|
Cash & Bank Balances |
4.530
|
2.528 |
2.573 |
|
|
Other Current Assets |
2.695
|
3.563 |
10.878 |
|
|
Loans & Advances |
6.187
|
5.850 |
3.845 |
|
Total
Current Assets |
89.427
|
89.630 |
93.040 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
26.001
|
27.161 |
42.395 |
|
|
Other Current Liabilities |
1.264
|
1.213 |
0.000 |
|
|
Provisions |
7.314
|
3.979 |
2.325 |
|
Total
Current Liabilities |
34.579
|
32.353 |
44.720 |
|
|
Net Current Assets |
54.848
|
57.277 |
48.320 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.186 |
0.258 |
0.329 |
|
|
|
|
|
|
|
|
TOTAL |
99.353 |
92.797 |
83.374 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
154.251 |
141.079 |
143.922 |
|
|
|
Other Income |
12.161 |
11.640 |
7.928 |
|
|
|
TOTAL (A) |
166.412 |
152.719 |
151.850 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Consumption of Raw Material |
88.732 |
99.287 |
91.100 |
|
|
|
Manufacturing Expenses |
19.375 |
15.686 |
14.786 |
|
|
|
Payment to and Provisions For Employees |
10.143 |
7.664 |
7.017 |
|
|
|
Administrative Expenses |
8.839 |
7.247 |
6.157 |
|
|
|
Selling and Distribution Expenses |
13.237 |
10.595 |
13.471 |
|
|
|
Increase / (Decrease) in stock |
8.871 |
(2.718) |
7.125 |
|
|
|
Loss on Fire |
0.000 |
0.000 |
1.663 |
|
|
|
TOTAL (B) |
149.197 |
137.761 |
141.319 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
17.215 |
14.958 |
10.531 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.780 |
3.589 |
3.402 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
13.435 |
11.369 |
7.129 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.357 |
4.022 |
3.764 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
9.078 |
7.347 |
3.365 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
3.432 |
2.035 |
0.248 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
5.646 |
5.312 |
3.117 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.235 |
(0.078) |
(3.195) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
10.881 |
5.234 |
(0.078) |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
131.511 |
124.765 |
134.515 |
|
|
TOTAL EARNINGS |
131.511 |
124.765 |
134.515 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials and Spares Parts |
21.841 |
10.428 |
6.752 |
|
|
|
Capital Goods |
0.725 |
0.148 |
NA |
|
|
|
Others |
NA |
NA |
2.668 |
|
|
TOTAL IMPORTS |
22.566 |
10.576 |
9.420 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.55 |
1.48 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2009 |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
3.39
|
3.47 |
2.05 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
5.88
|
5.21 |
2.33 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.15
|
5.92 |
2.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.16 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.61
|
1.77 |
2.19 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.58
|
2.77 |
2.08 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONAL REVIEW:
During the year, the company achieved turnover of Rs.154.251 Millions as against Rs.141.078 Millions in the previous year. The company has recorded a net profit after tax of Rs.5.645 Millions during the year. Barring unforeseen circumstances. The directors are confident of a satisfactory performance during the current year.
CONTINGENT
LIABILITIES
The Company has not acknowledged as debt a sum of Rs.0.456
Million imposed by Kesco as arrears of Electricity dues. The company has
disputed the liability and filed a case before Hon'ble civil court
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U25199UP1994PLC017344 |
|
Name of the
company |
KINGS
INTERNATIONAL LIMITED |
|
Address of the
registered office or of the principal place of business in |
Sakina Manor
133/243-Btransport Nagar, |
|
This form is for |
Creation of
Charge |
|
Type of charge |
Immovable Property Movable Property |
|
Particular of
charge holder |
Andhra Bank, 16/116, Civil Lines, Kanpur-208001, |
|
Nature of
instrument creating charge |
Composite
Agreement Dated 11.10.2010 |
|
Date of
instrument Creating the charge |
11.10.201 |
|
Amount secured by
the charge |
Rs. 4.500
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Bare Rate + 3.75%
+ TP = 12.50% p.a. at present at monthly rests. Terms of
Repayment 36 equated
monthly installments with gestation period of 3 months Margin Building – 33% Machinery – 25% Extent and
Operation of the charge Charge shall
operate till full repayment of limit |
|
Short particulars
of the property charged |
Plot No. D-13 and
D-19 Stie-II UPSIDC, UP |
|
This form is for |
Modification of charge
|
|
Charge
identification number of the modified |
90276839 |
|
Corporate
identity number of the company |
U25199UP1994PLC017344 |
|
Name of the
company |
KINGS
INTERNATIONAL LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Sakina Manor
133/243-Btransport Nagar, |
|
Type of charge |
Book Debts Movable Property Immovable
Property |
|
Particular of
charge holder |
STATE BANK OF |
|
Nature of
description of the instrument creating or modifying the charge |
Letter of
Arrangement (SME-1) Link Letter
(SME-12) |
|
Date of
instrument Creating the charge |
24/02/2009 |
|
Amount secured by
the charge |
Rs.59.250
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest to be
charged @ 3.00% below State Bank Advance Rate (Present SBAR is 12.25%)
Present effective rate is 9.25% per annum with monthly rests or at such other
rate(s) as may be notified by the Bank to the Borrower from time to time. Terms of
Repayment Working Capital -
Repayable on demand. Margin 25% on Raw
Material-Imported/Indigenous 40% on Semi Finished
Goods 25% on Finished
Goods 50% on
Components/consumables/Spares 10% on LC for normal Rs.5.000 Millions and 20%
for adhoc LC limit of Rs.12.500 Millions. 10% on BG Extent and
Operation of the charge The Company's
properties as mentioned hereunder (As per column No.14)are hypothecated to
secure following credit facilities agg. to Rs.59.250 Millions. granted by the Bank to the Borrower:- 1.Export Packing
Credit Rs.30.000 Millions* 2.Foreign Bill
Purchase Rs.12.500 Millions* 3.WCDL Rs.4.000 Millions 4.Letter of
Credit 5.One Time Adhoc
LC Limit Rs.12.750 Millions. TOTAL Rs.59.250 Millions. *Both way I/C of
Rs.125.00 Millions. |
|
Short particulars
of the property charged |
Hypo. of entire
current assets(both present andfuture) and fixed assets including ,book debts
and vehicles & all other movables assets and equitable
mortgage by deposit of lease deeds in respect of Company's lease hold rights
of immovable properties situated at
Plot No. D-13 and D-19 at UPSIDC Industrial Area, Site-2, Unnao together with all the building, structures
now standing thereon and the constructions that may hereafter be made thereon
together with the fixtures, fittings and other things. |
|
Date of latest
modification prior to the present modification |
17/12/2008 |
|
Particulars of
the present modification |
Fund Based
Limits: (Rs. in
Millions) EPC
: 30.000* FBP
: 12.500* Working Capital
Demand Loan : 4.000 Non Fund Based
Limits: L.C.
: (Including one
time ad hoc LC Limit) : 12.750 B.G(Sub limit of
LC) : (1.000) *Both way I/C of
Rs.12.500 Millions. |
FIXED ASSETS:
- Land and Development
- Building
- Plant and Machinery
- Solar Equipment
- Furniture Fixtures and Office
- Equipments
- Air Conditioner
- Electric Installation
- Generator
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 records 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.44.16 |
|
|
1 |
Rs.72.10 |
|
Euro |
1 |
Rs.63.10 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
31 |
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.