MIRA
INFORM REPORT
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Report Date : |
21.01.2011 |
IDENTIFICATION DETAILS
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Name : |
S K M ANIMAL FEEDS AND FOODS INDIA LIMITED |
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Registered
Office : |
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Country : |
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Financials (as
on) : |
31.03.2010 |
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Date of
Incorporation : |
03.07.1981 |
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Com. Reg. No.: |
18–1076 |
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CIN No.: [Company Identification
No.] |
U01533TZ1981PLC001076 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
CMBS05630C |
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PAN No.: [Permanent Account No.] |
AACCS9493E |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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Line of Business
: |
Manufacturer and Exporter of Broiler Feed, Layer Feed and Cattle Feed |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (49) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1200000 |
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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 a well established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
trade terms and conditions. |
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
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Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
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A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INFORMATION DENIED BY
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Name : |
Mr. Parmeshwaran |
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Designation : |
Accounts Department |
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Date : |
20.01.2011 |
LOCATIONS
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Registered Office : |
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Tel. No.: |
91-424-2500211 |
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Fax No.: |
91-424-2500172 |
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E-Mail : |
sales@skmfeeds.com |
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Website : |
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Factory : |
Nanjai Uthukuli, Modakurichi - 638 104, Tamil Nadu, |
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Tel. No.: |
91-424-2500211/2500212/2500213 |
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Fax No.: |
91-424-2500172 |
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Administrative Office : |
180, |
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Tel. No.: |
91-424-2258212/2258213/2259215 |
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Fax No.: |
91424-2260933 |
DIRECTORS
As On 30.08.2010
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Name : |
Mr. SKM Maeilanandhan |
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Designation : |
Whole Time Director |
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Address : |
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Date of Birth/Age : |
18.06.1945 |
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Date of Appointment : |
03.07.1981 |
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Name : |
Mr. M. Chandrasekar |
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Designation : |
Managing Director |
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Address : |
123/46 D and 124/4, 6E, |
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Date of Birth/Age : |
24.07.1970 |
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Date of Appointment : |
03.01.1996 |
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Name : |
Mr. Kuttilakshimi |
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Designation : |
Director |
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Address : |
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Date of Birth/Age : |
09.06.1947 |
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Date of Appointment : |
03.07.1981 |
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Name : |
Mr. C. Shyamala Sharmili |
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Designation : |
Director |
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Address : |
123/46 D and 124/4, 6E, |
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Date of Birth/Age : |
23.12.1974 |
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Date of Appointment : |
27.09.1997 |
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Name : |
Mr. Manjakattu Valasu Nataraja Gounder Chinnaswamy |
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Designation : |
Director |
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Address : |
Old No. 10A, New No 3/1, |
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Date of Birth/Age : |
15.01.1948 |
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DIN No. : |
01766626 |
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Name : |
Mr. Muthusamy Appachi Gounder Subramaniam |
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Designation : |
Director |
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Address : |
257-1, Telephone Nagar, Villarasampatti (P), Erode – 638009, |
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Date of Birth/Age : |
03.11.1943 |
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DIN No. : |
01766693 |
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Name : |
Mr. Srnivasa Rao Krishna Rao Lakshmanan |
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Designation : |
Director |
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Address : |
110 R K V Nagar, Erode M, Erode Tk, Erode Dt 638003, |
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Date of Birth/Age : |
09.01.1932 |
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DIN No. : |
01632476 |
KEY EXECUTIVES
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Name : |
Mr. A. K. Muthusamy |
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Designation : |
Secretary |
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Address : |
17 keel Thindal, Erode – 638009, |
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Date of Birth/Age : |
20.05.1964 |
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Date of Appointment : |
01.01.2000 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As On 30.08.2010
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Names of Shareholders |
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No. of Shares |
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SKM Maeilanandhan |
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2531 |
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M. Chandrasekar |
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2425 |
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M. Kuttilakshimi |
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2 |
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C. Shyamala Sharmili |
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1 |
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C. Pradeepkrishna |
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1 |
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K. Sethuram |
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1 |
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P. S. Murugesan |
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1 |
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Total |
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4962 |
As On 30.08.2010
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Category |
Percentage |
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Directors or relatives of Directors |
100.00 |
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Total |
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Broiler Feed, Layer Feed and Cattle Feed |
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Products : |
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GENERAL INFORMATION
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No. of Employees : |
510 (approximately) |
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Bankers : |
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Facilities : |
Note: i)
Secured by hypothecation of stock-in-trade, raw
materials and book debts. ii)
Collaterally secured by an equitable mortgage on land
and buildings, hypothecation of plant and machinery and equipments etc. iii)
The above loans are secured by personal
guarantees of Shri. SKM Macilanandhan, Executive Chairman, Dr. M.
chandraskar, Managing Director, Smt. M. Kuttilakshimi and Smt. C. Shyamala
Sharmili, Directors iv)
The working capital limit has been converted into
a foreign currency loan (FCNR-B). The liability as on 31.03.2010 is US$
3681000 and exchange rate is taken as per forward contract rate booked. |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
N C Rajagopal and Company Chartered Accountant |
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Address : |
199, |
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Pan No.: |
AAAFN0572A |
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Group Company : |
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Director’s Proprietory Concern : |
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CAPITAL STRUCTURE
As On 31.03.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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10000 |
Equity Shares |
Rs. 1000/- each |
Rs. 10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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4962 |
Equity Shares |
Rs. 1000/- each |
Rs. 4.962
Millions |
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FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
4.962 |
4.962 |
4.962 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
309.410 |
243.502 |
197.654 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
314.372 |
248.464 |
202.616 |
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LOAN FUNDS |
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1] Secured Loans |
421.930 |
424.912 |
307.134 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
421.930 |
424.912 |
307.134 |
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DEFERRED TAX LIABILITIES |
10.843 |
18.097 |
23.232 |
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TOTAL |
747.145 |
691.473 |
532.982 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
359.913 |
377.833 |
348.917 |
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Capital work-in-progress |
0.000 |
0.000 |
10.575 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
394.291
|
276.131 |
233.929 |
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Sundry Debtors |
62.967
|
51.541 |
56.696 |
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Cash & Bank Balances |
46.352
|
70.569 |
27.129 |
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Other Current Assets |
0.000
|
0.075 |
0.000 |
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Loans & Advances |
77.030
|
63.038 |
38.575 |
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Total
Current Assets |
580.64
|
461.354 |
356.329 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditors |
141.835 |
118.540 |
160.747 |
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Other Current Liabilities |
1.237
|
1.210 |
35.971 |
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Provisions |
50.336
|
46.466 |
23.126 |
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Total
Current Liabilities |
193.408
|
166.216 |
219.844 |
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Net Current Assets |
387.232
|
295.138 |
136.485 |
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MISCELLANEOUS EXPENSES |
0.000 |
18.502 |
37.005 |
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TOTAL |
747.145 |
691.473 |
532.982 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
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SALES |
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Income |
5649.968 |
4687.144 |
3205.843 |
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Other Income |
70.382 |
53.217 |
88.699 |
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TOTAL (A) |
5720.350 |
4740.361 |
3294.542 |
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Less |
EXPENSES |
|
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|
|
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Purchase and manufacturing expenses |
5480.232 |
4532.499 |
3130.761 |
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Payments to and provision for employees |
59.173 |
45.155 |
36.140 |
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TOTAL (B) |
5539.405 |
4577.654 |
3166.901 |
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Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
180.945 |
162.707 |
127.641 |
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Less |
FINANCIAL
EXPENSES (D) |
29.871 |
32.225 |
32.863 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
151.074 |
130.482 |
94.778 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
50.063 |
48.850 |
59.103 |
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PROFIT BEFORE
TAX (E-F) (G) |
101.011 |
81.632 |
35.675 |
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Less |
TAX (I) |
35.346 |
29.815 |
11.833 |
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PROFIT AFTER TAX
(G-I) (J) |
65.665 |
51.817 |
23.842 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
13.502 |
7.654 |
4.019 |
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Add |
PREVIOUS
YEAR TAX ADJUSTMENTS |
0.243 |
(0.155) |
11.673 |
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Less |
APPROPRIATIONS |
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Transfer to General Reserve |
70.000 |
40.000 |
31.880 |
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Dividend |
0.000 |
4.962 |
0.000 |
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Corporate Dividend Tax |
0.000 |
0.852 |
0.000 |
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BALANCE CARRIED
TO THE B/S |
9.410 |
13.502 |
7.654 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
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|
- Maizc |
0.000 |
14.203 |
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- Vegetable Oils |
0.819 |
5.200 |
NA |
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TOTAL EARNINGS |
0.819 |
19.403 |
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IMPORTS |
|
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|
|
|
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Raw Materials |
234.354 |
63.520 |
NA |
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TOTAL IMPORTS |
234.354 |
63.520 |
NA |
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Earnings Per
Share (Rs.) |
13234 |
10443 |
4805 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.15
|
1.09 |
0.72 |
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Net Profit Margin (PBT/Sales) |
(%) |
1.79
|
1.74 |
1.11 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
10.74
|
9.73 |
5.06 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.32
|
0.33 |
0.18 |
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Debt Equity Ratio (Total Liability/Networth) |
|
1.96
|
2.38 |
2.60 |
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Current Ratio (Current Asset/Current Liability) |
|
3.00
|
2.78 |
1.62 |
LOCAL AGENCY FURTHER INFORMATION
The Details of
Sundry Creditors:
Rs.
In Millions
|
Particulars |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
Sundry Creditors |
141.835 |
118.540 |
160.747 |
OPERATION AND
TURNOVER
The Company has achieved a Sales Turnover of Rs. 5650.000 millions for the
year ended 31.03.2010 as against Rs.4687.100 millions during the previous year
registering a growth of 20.54%, It may please be noted that the company was
able to achieve the increase in turnover in view of the favorable market
factors for sale of Poultry and Cattle Feeds and Solvent Extraction and Oil.
New Feed Factory
in Karnataka
During the Current year 2009-10, the Company has acquired land for the
establishment of Poultry and Cattle Feed Factory in Chitradurga District,
Chitradurga Taluk, Baramasagora Hobli,
GRAND PAPRENT
BROILER
The company has entered into a agreement with AVIAGEN India Poultry Breeding
Company Private Limited, Mumbai for supply of Arbor Acre grand parent stock in
Bankers Charges
Report as per Registry
|
Name of the company |
SKM Animal Feeds and Foods ( |
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Presented By |
Shri. A. K. Muthusamy, Company Secretary |
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1) Date and description of instrument creating the change |
1. Equitable
mortgage by deposit of Title Deeds on 11.8.1995. 2. Hypothecation of
Machinery dt. 11.08.1995 3. Hypothecation
of Goods and Monies Receivable etc., dt. 11.08.1995 4. Hypothecation
of Debts Agreement dt. 11.08.1995 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Aggregate of Rs.
57.000 millions (Rupees Fifty Seven Millions only) |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
1. Land, existing
and proposed building both (factory and office) at Nanjaiuthukuli,
Modakkurichi, G.S.No.456/C, 457/A- 1(New Survey No.
613/2A1and 3, 619/1 and 2) 2. Machinery, Raw
Materials, Finished Gods and Debts-present and future. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
1. Operation of
charge upto closure of loan account and obtaining of “No Due Certificate”
from Syndicate Bank, Erode. 2. Interest shall
be at rates charged by the Bank from time to time. |
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5) Name and Address and description of the person entitled to the charge. |
Syndicate Bank,
1168, |
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6) Date and brief description of instrument modifying the charge |
Supplemental
Hypothecation Pledge Agreement dated 11.06.2003 |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
Increase in
credit limit by Rs. 40.000 Millions i.e. from Rs. 113.000 Millions (SOD Rs.
92.500 Millions + FLC Rs. 20.000 Millions + B.G Rs. 0.500 Million) to Rs.
153.000 Millions (SOD Rs. 92.500 Millions + FLC Rs. 60.000 Millions + B.G.
Rs. 0.500 Million) |
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Corporate
identity number of the company |
U01533TZ1981PLC001076 |
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Name of the
company |
S K M ANIMAL
FEEDS AND FOODS INDIA LIMITED |
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Address of the
registered office or of the principal place of business in |
Chavadipalayam Pudur
Roadnanjaiuthukuli, Modakkurichi, Periyar Dt 638104, Tamil |
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This form is for |
Creation of
charge |
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Type of charge |
Book Debts Movable Property Immovable
Property |
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Particular of
charge holder |
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Nature of
instrument creating charge |
1) Composite
Hypothecation Agreement Dt. 32.03.2010 2) Power Of Attorney
For Collection Of Bills, Book Debts And Other Receivables -22.03.2010 3) Charge And
Hypothecation Of Book Debts Agreement Dt.22.03.2010 4) Sanction
Letter Issued By Syndicate Bank Erode Branch Dt. 20.03.2010 |
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Date of
instrument Creating the charge |
22.03.2010 |
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Amount secured by
the charge |
Rs. 100.000
Millions |
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Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest
- PLR minus 2.5% Terms of Repayment
- two installments of Rs. 50.000 millions each at the end of 4th month and
6th month of release. Margin - No
Margin Extent and
Operation of the charge - Operation of the charges upto closure of loan
facilities and obtaining of "No Due Certificate" from Syndicate
Bank, Erode. |
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Particulars of
the property charged |
) 613/2A3 and
619/1 , 2) 613/2A3 and 619/1 and 2 ,
Nanjaiuthukuli 3) 132/1A and 133/1A3,B,C1 Yercaud 4) 770/1 and 2i 5) 630/1 ,
6) 771 , 7) 772, 8) 616, 9) 616, 10)
613/2A2, 11) 613/2A1 and 1 Nanjaiuthukuli 12) 305,306 and 307
Balajangamanahalli 13) House Site No. 47,
14) 48 Adhiyamankottai, 15)
153/C,154/1,157 Singanallur, 16) S.F.No.437/1(D1) Pettamugalalam , 17)
S.F.No. 105/1 and 112/3 Nohanur 18) S.F.No.435/2 (D3), 19) S.F.No. 436/1
(D4), Pettamugalalam, 21) S.F.No.
106/2 Noganur, 22) S.F.No.435/3 Pettamugalalam, 23) S.F.No.
107/1,107/2.,111/2B and111/1B Noganur Village 24) S.F.No. 100/1, 100/2, 101,
102/1 and 102/2 25), S.F.No. 111/1A, 111/2A, 107/1, 107/2 Noganur 26) S.F.No.437/2 and 436/2, 27)
S.F.No.435/3 Pettamugalalam 28) G.S.No.261/1 , 29) G.S.No. 260/3 , 30) G.S.No. 260/3 , 30)
G.S.No. 260/3, 31) G.S.No. 260/3, 32) G.S.No. 261/1, 278/4C and 279/2H, 33)
G.S.No. 279/2G, 279/2H and 278/2E
Thenkumarapalayam 35) G.S.No. 260/3 Thenkumarapalayam 36) G.S.No.10/3
, 37) G.S.No.10/1, 38) G.S.No.9 , 39) S.F.No. 112/1, 113/1 and 113/2 Noganur,
40) R.S.No.791/2( Acres 4.77) |
Fixed Assets:
- Land
- Buildings
- Plant and
machinery
- Power and
generator
- Equipment and
appliances
- Vehicles
- Furniture and
fixtures
- Efficient T.
Plant
Website Details:
Profile:
The serious outbreak
of Aflatoxin, a deadly plant disease in 1979 prompted Mr. SKM.MAEILANANDHAN to
enter into the feed manufacturing business. He started Subject in 1981 and built
a feed manufacturing unit at Nanjaiuthukuli, a rural area in the district of
Erode - State of
Mr.
SKM.MAEILANANDHAN pioneered the concept of modern marketing in rural areas
quite successfully. He organised farmers’ meets to study and analyse problems
in the market. SKM helped the farmers in the preparation of project reports for
obtaining financial assistance from banks, provided round-the-clock veterinary
services. SKM also provided a twin advantage to the farmers, by collecting the
eggs from farms at preannounced weekly rates, free of cost and adjust the cost
of feed supplied. It is a kind of modern barter system, pioneered successfully.
The company is a
case study on successful implementation of integrated rural marketing and its
impact on rural growth. Long before the pundits of rural marketing could
visualise its impact on the agrarian society, SKM was Practicing rural
marketing which provided round-the-year profitable rural self-employment to the
rural agriculturists and checked their migration to urban areas.
Management
SKM’s founder, Mr.
SKM. MAEILANANDHAN was born in a humble agrarian family and after his high
school began his business career as a merchant, owning a general store. His
drive, enthusiasm, determination and quest for success propelled him from the
family vocation of agriculture to fertiliser distribution. Not content with the
success, he diversified into poultry farming and also became an agent for
animal feed manufactured by a reputed manufacturer. Mr. Maeilanandan moved
forward dynamically and in a span of just over 25 years, has seen his group’s
worth rise to over Rs.2500.000 million
ACCOLADES
Udhyog Rattan Award
Awarded in the year
1989 by the
Gold Trophy
Awarded in the year
1989 by the
Kohinoor Rattan Award
Awarded by the All
India Economic Forum in the year 1991 for the individual contribution to
National growth and prosperity and for Outstanding Achievement in the chosen
field and presented by his excellency the Hon'ble Governor of Tamil Nadu Shri
Bhismanarayan Singh at
National Productivity Award
This award is
selected on the basis of the Productivity performance, profitability of the
Agriculture and Animal feeds processing industry and its contribution to the
National development and growth by the National Productivity Council,
1993 - The award was
presented to SKM.MAEILANANDHAN by the Honorable President of India Dr. S.D.
Sharma.
1994 - The award was
presented to Dr. M. Chandrasekar, Executive Director by the Honorable Prime
Minister of India Shri H.D.Deva Gowda.
1995 - The award was
presented to Dr. M. Chandrasekar, Executive Director by the Honorable President
of
Best Tax Payer Award 1994 -
1995
Awarded in the year
1996 for an exemplary record of prompt tax compliance under the category as the
second heighest tax payer in the whole state of Tamil Nadu and was presented to
Thiru SKM. Maeilanandhan Chairman and Managing Director by Thiru N. Rangachary,
I.R.S. Chairman of the Central Board of Direct Tax.
Best Tax Payer Award 1995 -
1996
Awarded in the year
1997 for an exemplary record of prompt tax compliance under the category as the
first heighest tax payer in the whole state of Tamil Nadu and was presented to
Thiru SKM. Maeilanandhan Chairman and Managing Director by Hon'ble Sri P.
Chidambaram, Minister of Finance Government of
.
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.45.58 |
|
|
1 |
Rs.72.73 |
|
Euro |
1 |
Rs.61.45 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
49 |
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.