MIRA
INFORM REPORT
|
Report Date : |
06.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
SURYA EXIM
LIMITED (w.e.f.26.08.2002) |
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|
|
|
Formerly Known
As : |
PRESTIGE MARKETING PRIVATE LIMITED |
|
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|
|
Registered Office : |
3040, Jash Textile
and Yarn Market, Ring Road, Surat-395002, |
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Country : |
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Financials (as on) : |
31.03.2010 |
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Date of Incorporation : |
28.06.1989 |
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Com. Reg. No.: |
04-12428 |
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Capital
Investment / Paid-up Capital : |
Rs. 55.000
millions |
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|
|
CIN No.: [Company
Identification No.] |
U51100GJ1989PLC012428 |
|
|
|
|
IEC No.: |
5299004150 |
|
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|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
SRTS05536G |
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|
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PAN No.: [Permanent
Account No.] |
AABCP4158J |
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|
Legal Form : |
A closely held
public limited liability company. |
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Line of Business : |
The company is
engaged in trading of Non Coking Steam Coal, Paper Board and Polyester Yarn. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 460000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow But Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established
company having satisfactory track. Trade relations are
reported as fair. Business is active. Payments are reported to be slow but
correct 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
|
Country Name |
Previous Rating (31.12.2009) |
Current Rating (01.04.2010) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Ashwin |
|
Designation : |
Accountant |
|
Contact No.: |
91-261-4083100 |
|
Date : |
04.07.2011 |
LOCATIONS
|
Registered Office : |
3040, Jash
Textile and Yarn Market, Ring Road, Surat-395002, |
|
Tel. No.: |
91-261-2325005 /
2328839 / 23255008 |
|
Fax No.: |
91-261-2328842 /
2328858 |
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E-Mail : |
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|
Location : |
Owned |
|
|
|
|
Factory 1 : |
Survery No. 51,
Moje Gravier, Taluka-Choryast-Magdalla, |
|
Tel. No.: |
91-261-6598512 |
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Fax No.: |
91-261-2328842 |
|
Area : |
106000 sq. ft.
Approximately |
|
Location : |
Owned |
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|
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Godown 1: |
Plot No.12, Block
No.165, Road No.3, Royal Township, Saroli District- Surat, Gujarat India |
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Godown 2 : |
Prahash Estate,
Opposite Hojiwala Estate, Mojevanz Road, Sachin Palsana Road, Surat, Gujarat,
India |
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|
Branches : |
Located At ·
Silvassa ·
Daman
·
Kolkata ·
Nagpur
|
DIRECTORS
As on 27.09.2010
|
Name : |
Mr. Jagdish
Prasad Sadoo |
|
Designation : |
Director |
|
Address : |
3/A, Nidhiwan
Estate, B/H Gokul Row House, Umra, |
|
Qualification : |
Chartered
Accountants |
|
Date of Appointment : |
01.07.1989 |
|
|
|
|
Name : |
Mrs. Archana
Jagdish Saboo |
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Designation : |
Director |
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Address : |
3/A, Nidhiwan
Estate, B/H Gokul Row House, Umra, |
|
Date of Birth/Age : |
37 Years |
|
Qualification : |
B. Com |
|
Experience : |
11 Years |
|
Date of Appointment : |
07.08.2000 |
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|
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|
Name : |
Mr. Bhalesh
Rasiklal Mehta |
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Designation : |
Director |
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Address : |
8/B, |
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Date of Birth/Age : |
41 Years |
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Qualification : |
M. Com |
|
Experience : |
19 Years |
|
Date of Appointment : |
05.10.2003 |
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|
|
|
Name : |
Mr. Sriram Somani
|
|
Designation : |
Director |
|
Address : |
277 / 3637,
Balrampur Quarters, Asih Bagh, |
|
Date of Appointment : |
04.05.2003 |
|
|
|
|
Name : |
Mrs. Anita Somani
|
|
Designation : |
Director |
|
Address : |
277 / 3637,
Balrampur Quarters, Asih Bagh, |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 27.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
J.P. Saboo |
|
1177695 |
|
Digant Synthetics Private Limited, |
|
126000 |
|
Shree Somnath Fabrics Private Limited, |
|
138305 |
|
Archana Saboo |
|
971600 |
|
Jagdish Prasad Sabo HUF |
|
120000 |
|
Trimex Fiscal Service Private Limited, |
|
70000 |
|
Typhoon Financial Service Limited, |
|
970000 |
|
Shree JPSCO Consultant Private Limited, |
|
696000 |
|
Arrow Syntex Private Limited, |
|
80000 |
|
Greenchip Trexim Private Limited, |
|
20000 |
|
Qaiser Perwez |
|
30000 |
|
Vivek Synthetics (P) Limited, |
|
93000 |
|
Dilip Dalpatlal Shah |
|
10000 |
|
Aarushi Maheshwari |
|
60000 |
|
Master Suryansh Saboo |
|
250000 |
|
Rajesh Bothra |
|
500000 |
|
Nilesh M Modi |
|
10000 |
|
Suresh Kumar Bhati |
|
10000 |
|
B.K. Tailar |
|
10000 |
|
Chirag Lalitbhai Shah |
|
10000 |
As on 27.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
44.00 |
|
Directors
or relatives of directors |
|
52.00 |
|
Other
top fifty shareholders |
|
4.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
The company is
engaged in trading of Non Coking Steam Coal, Paper Board and Polyester Yarn. |
GENERAL INFORMATION
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Bankers : |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name 1 : |
Sutarwala and
Associates Chartered
Accountants |
|
Address : |
1/1235, 2nd
Floor, |
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Tel. No.: |
91-261-6454421 |
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E-mail : |
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Pan No.: |
APRPS1314F |
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Name 2 : |
Umang Tekriwal and
Company Chartered
Accountant |
|
Address : |
8007, |
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Tel. No.: |
91-261-3262779 |
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Pan No.: |
AACFU0305N |
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E-mail : |
CAPITAL STRUCTURE
As on 27.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
7500000 |
Equity Shares |
Rs.10/- each |
Rs.75.000 Millions |
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|
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|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5500000 |
Equity Shares |
Rs.10/- each |
Rs.55.000
Millions |
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|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
55.000 |
50.000 |
50.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
60.283 |
39.246 |
30.888 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
115.283 |
89.246 |
80.888 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
44.804 |
28.503 |
24.676 |
|
|
2] Unsecured Loans |
100.873 |
127.508 |
55.438 |
|
|
TOTAL BORROWING |
145.677 |
156.011 |
80.114 |
|
|
DEFERRED TAX LIABILITIES |
0.125 |
0.116 |
0.673 |
|
|
SECURITY PREMIUM |
50.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
311.085 |
245.373 |
161.675 |
|
|
|
|
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APPLICATION OF FUNDS |
|
|
|
|
|
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|
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|
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|
FIXED ASSETS [Net Block] |
37.601 |
23.995 |
30.016 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.508 |
0.508 |
0.508 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
371.940
|
208.107
|
166.064
|
|
|
Sundry Debtors |
323.083
|
313.501
|
192.703
|
|
|
Cash & Bank Balances |
128.308
|
149.290
|
82.389
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
59.056
|
67.892
|
33.538
|
|
Total
Current Assets |
882.387
|
738.790
|
474.694
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
34.411
|
16.640 |
|
|
|
Other Current Liabilities |
564.047
|
495.818
|
337.359
|
|
|
Provisions |
10.953
|
5.462
|
6.184
|
|
Total
Current Liabilities |
609.411
|
517.920
|
343.543
|
|
|
Net Current Assets |
272.976
|
220.870
|
131.151
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
311.085 |
245.373 |
161.675 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
2020.700 |
1751.414 |
1218.129 |
|
|
|
Other Income |
0.005 |
0.181 |
0.027 |
|
|
|
TOTAL (A) |
2020.705 |
1751.595 |
1218.156 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of goods sold |
1724.463 |
1578.009 |
1106.951 |
|
|
|
Direct expenses |
163.925 |
46.221 |
23.867 |
|
|
|
Office administrative and other expenses |
10.459 |
11.059 |
7.210 |
|
|
|
Selling and distribution expenses |
63.901 |
60.272 |
37.344 |
|
|
|
TOTAL (B) |
1962.748 |
1695.561 |
1175.372 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
57.957 |
56.034 |
42.784 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
21.150 |
36.349 |
21.701 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
36.807 |
19.685 |
21.083 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
4.809 |
6.406 |
2.150 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
31.998 |
13.279 |
18.933 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
10.953 |
5.462 |
6.184 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
21.045 |
7.817 |
12.749 |
|
|
|
|
|
|
|
|
|
Add/ Less |
Prior Period
Items |
0.000 |
(0.015) |
(0.104) |
|
|
|
|
|
|
|
|
|
Add/ Less |
Deferred Tax
Adjustment |
(0.009) |
0.556 |
(0.566) |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
39.246 |
30.888 |
18.809 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
60.282 |
39.246 |
30.888 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
214.000 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
362.299 |
406.192 |
379.566 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.82 |
1.56 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
1.04
|
0.48 |
0.99 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.58
|
0.76 |
1.55 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.48
|
1.74 |
03.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.28
|
0.15 |
0.23 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.55
|
7.55 |
5.23 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.45
|
1.43 |
1.38 |
LOCAL AGENCY FURTHER INFORMATION
OPERATIONS:
The company
has recorded satisfactory performance for the year. Revenue has recorded a
significant improvement over the previous year. Despite competition from the
coal / yarn market, the company has been able to hold its position and has
taken the advantages of available opportunities.
Bankers Charges
Report as per Registry
|
Name of the company |
SURYA EXIM LIMITED |
|
Presented By |
Mr. Jagdish Prasad Saboo, Director |
|
1) Date and description of instrument creating the change |
Hypothecation agreement dated 07.07.2005 Deed of Equitable Mortgage dated 07.07.2005 |
|
2) Amount secured by the charge/amount owing on the securities of charge |
OCC (Hypothecation of Stock and Book debts) : Rs. 15.000 millions ILC / FLC (DA/DP) (90 days) : Rs. 45.000 millions |
|
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 |
Hypothecation of Stock (RM / SFG / FG) and Book debts Hypothecation of Stock Plant and Machinery installed at Go down cum sorting unit at Magdalla valued at Rs. 1.426 millions as per ABS of 03-04 Equitable Mortgage of Go down cum sorting unit situate at
Survey No. 51 Moje Gravie, |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
OCC (Hypothecation of Stock) margin 25 % interest rate : 13.75 % OCC (Hypothecation Of Book Debts) : Margin 40 % Interest rate : 13.75 % ILC/ FLC (DA/ DP) Margin 25 % tenor 90 days |
|
5) Name and Address and description of the person entitled to the charge. |
Canara Bank, |
|
6) Date and brief description of instrument modifying the charge |
Not Applicable |
|
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. |
Not Applicable |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
90113004 |
|
Corporate
identity number of the company |
U51100GJ1989PLC012428 |
|
Name of the
company |
SURYA EXIM
LIMITED |
|
Address of the
registered office or of the principal place of business in |
3040, Jash
Textile and Yarn Market, Ring Road, Surat-395002, |
|
Type of charge |
Immovable
Property |
|
Particular of
charge holder |
Canara Bank, K.M. Road Branch, Annapurna Building, Opposite
Air India, Kotsafil Main Road, Surat-395002, Gujarat, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Letter of evidence
of Deposit of Title Deeds. |
|
Date of
instrument Creating the charge |
10.06.2010 |
|
Amount secured by
the charge |
Rs.790.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest The equitable
mortgage by way of collateral security hence not applicable Terms of Repayment The equitable
mortgage by way of collateral security hence not applicable Margin The equitable
mortgage by way of collateral security hence not applicable Extent and Operation of the charge The charge to
operate as collateral security for credit facilities granted |
|
Short particulars
of the property charged |
I)
Flat
No.4/c, administration about 2175 sq. mtrs. on 4th fl of Pallavi Apartment and
also undivided share in land below the construction of Pallavi Apartment
situated on F.P.135 Paiki TPS 6 Piplod R.S.79/B-2 Village Piplod. II)
Flat
No.3-A adm.3500 sq. ft. on 3rd floor of Nidhivan Estate with undivided share
in land below the situated at F.P.65 of TPS 5 (Umra North) R.S.36/1 Village
Umra Taluka Choryasi. III)
R.S.No.51/3(Consisting
of private plot No. A,B,C,D) adm.11762.70 sq. mtrs. Village Gaviyer, Taluka Choryasi District |
|
Date of latest
modification prior to the present modification |
04.06.2010 |
|
Particulars of
the present modification |
The facilities
shall be further secured by mortgage of immovable property. |
Fixed
Assets
v
Furniture
and Fixture
v
Vehicles
v
Cycle
v
Car
v
Computer
v
Coal
Warehouse
v
Electrical
Installation
v
Land
v
Plant
and Machinery
v
Weightment
Machines
v
Factory
Shed
v
Pipeline
and Fitting
v
Screening
Plant
v
Neon
Sine Board
v
Generator
v
Pay
Loader
v
Tea /
Coffee Machine
v
Cell
Phone
v
Air
Conditioners
v
Time
Control Machine
WEB SITE DETAILS
PROFILE
Subject is a closely
held Public Limited Company engaged in the business of marketing of commodities
like Non-Coking Coal, Polyester Yarn/Chips, Hot Stamping Foil, Polyester Spun
Yarn, Pet Films, DEPB License, Polymers like PVC Resin, PP Raffia, LDPE, HDPE,
MEG, HMS Scrap 1 and 2, Spin Finish Oil, Antiseptic Oil, Chemicals like Citric
Acid Anhydrous, Citric Acid Monohydrate, Caustic Soda, Acedic Acid, Titanium
Dioxide, Dioctyl Phthalate (DOP), Zinc Oxide and Others like Shoe, Tires and
Series Special Inverter for Synchronous Control etc. The Company is having its
Registered Office located at Surat and branch Office located at only for
carrying out its local sales in Maharashtra and to tap the business from the
local market. The Company is also having an integrated Coal Sorting, Grading
and Warehousing unit located at the Magdalla Port, near Surat. The Company
is having all these locations in a prime situation and in the range of 300
kms., from Mumbai, the major economic city of India. The company has been appointed
as DCA/CS of IOCL at location: Daman and Silvassa. The company is looking to
use the brand name of the IOCL with its ability of the marketing for the
development of the business. The Indian Oil Corporation for selling their
polymer products in Silvassa and Daman and Diu territory.
The city, Surat, is one
of the highest consuming belts for POY Chips, which are used as raw material by
Yarn manufacturers, who produce POY Yarn. There are excellent opportunities for
systematic imports and marketing of POY Chips also. Apart from the POY Chips,
there is huge demand for POY / FDY / SPECIALISED Yarn and there is short supply
from indigenous industry, which gives vast opportunity for imported Yarn.
The company is also engaged
in marketing of POY / FDY / SPECIALISED Yarn for which, there is a huge market
available in and around Surat. The company has also developed a brand image
among the end users of yarn. The company is marketing the yarn under name and
styled as “Surya FDY Yarn”. The
company is supplying to various end users and satisfying their diversified
requirements. Also the company is dealing in certain other products like, Poly
Chips, Pet Films, DEPB License etc.
The company is also
engaged in marketing of PTA/MEG Polymers like PVC Resin / PP Raffia / LDPE /
HDPE for which there is a huge market available in and around Surat, Daman,
Silvasa and Ahmadabad.
The company is also
marketing the imported material of HMS Scrap 1 and 2 for which huge market
available in Gujarat. At present, the major purchasers of the materials
imported by us are Hans Ispat Limited and Maulai Raj Steel Private Limited.
They are hopeful of increasing number of customers for the products.
The Company is also
marketing the Chemicals like Citric Acid Anhydrous, Citric Acid Monohydrate,
Caustic Soda, Acedic Acid, Titanium Dioxide, Dioctyl Phthalate (DOP) for the
chemicals are used for the various industrial uses and the food industry. They
import the chemicals from China. We are having good marketing scope in these
products, which there is a huge market available in and around Surat and Other
Cities.
The Company is also
marketing the Imported Products like Shoes Tires and and Series Special
Inverter for Synchronous Control. The company is marketing the Shoes under name
and styled as “Surya Footwear”.
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.44.50 |
|
|
1 |
Rs.71.25 |
|
Euro |
1 |
Rs.64.39 |
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 |
|
--PROFITABILIRY |
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
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.