1. Summary Information
|
|
|
Country |
India |
|
Company Name |
GOOD LEATHER
SHOES PRIVATE LIMITED |
Principal Name 1 |
Mr. K. R. Vijayan |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. K. R. Babu |
|
|
|
Registration # |
18-28398 |
|
Street Address |
No.
47, |
||
|
Established Date |
24.08.1994 |
SIC Code |
-- |
|
Telephone# |
91-44-25368090/
25365955/ 25380512/ 25611255/ 25611090 |
Business Style 1 |
Manufacturer and Exporter of Shoe Uppers. |
|
Fax # |
91-44-25380512/
25610512 |
Business Style 2 |
-- |
|
Homepage |
Product Name 1 |
-- |
|
|
# of employees |
175
(approximately) |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
109,000,000 |
Product Name 3 |
-- |
|
Shareholders |
Directors or relatives of directors (100.00%) |
Banking |
State Bank of India ABN Amro Bank |
|
Public Limited Corp. |
-- |
Business Period |
17 years |
|
IPO |
-- |
International Ins. |
- |
|
Public |
-- |
Rating |
Ba (49) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
116,622,000 |
Current Liabilities |
58,933,000 |
|
Inventories |
67,886,000 |
Long-term Liabilities |
194,203,000 |
|
Fixed Assets |
116,618,000 |
Other Liabilities |
000 |
|
Deferred Assets |
--- |
Total Liabilities |
253,136,000 |
|
Invest& other Assets |
96,855,000 |
Retained Earnings |
35,845,000 |
|
|
|
Net Worth |
144,845,000 |
|
Total Assets |
397,981,000 |
Total Liab. & Equity |
397,981,000 |
|
Total Assets (Previous Year) |
267,280,000 |
|
|
|
P/L Statement as of |
31.03.2010 |
(Unit: Indian Rs.) |
|
|
Sales |
---- |
Net Profit |
--- |
|
Sales(Previous yr) |
---- |
Net Profit(Prev.yr) |
---- |
MIRA
INFORM REPORT
|
Report Date : |
10.11.2011 |
IDENTIFICATION DETAILS
|
Name : |
GOOD LEATHER SHOES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
No. 47, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2010 |
|
|
|
|
Date of Incorporation : |
24.08.1994 |
|
|
|
|
Com. Reg. No.: |
18-28398 |
|
|
|
|
Paid up Capital : |
Rs.109.000 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
U19201TN1994PTC028398 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
CHEG05011G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Shoe Uppers. |
|
|
|
|
No. of Employees : |
175 (approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (49) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 580000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office / Administrative Office : |
No. 47, |
|
Tel. No.: |
91-44-25368090/ 25365955/ 25380512/ 25611255/ 25611090 |
|
Fax No.: |
91-44-25380512/ 25610512 |
|
E-Mail : |
goodler@md4.vsnl.net.in goodleather@yahoo.com |
|
Website : |
|
|
Area : |
Owned |
|
|
|
|
Factory 1 : |
49, Goparasanallur, Puliampedu, Noombal Post, Chennai –
600077, |
|
Tel. No.: |
91-44-25380512/26272759/26496310 |
|
|
|
|
Factory 2 : |
158, |
|
Tel. No.: |
91-44-22412727 |
|
Fax No.: |
91-44-25380512 |
|
|
|
|
Factory 3 : |
No. 702/6, M. B. T. Road Cross, Rainpet, |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. K. R. Vijayan |
|
Designation : |
Managing Director |
|
Address : |
34, Second East Main Road, Gandhinagar, |
|
Date of Birth/Age : |
01.06.1953 |
|
Date of Appointment : |
24.08.1994 |
|
|
|
|
Name : |
Mr. K. R. Babu |
|
Designation : |
Director |
|
Address : |
34, Second East Main Road, Gandhinagar, |
|
Date of Birth/Age : |
16.03.1969 |
|
Date of Appointment : |
24.08.1994 |
|
|
|
|
Name : |
Mr. R. Sekaran |
|
Designation : |
Director |
|
Address : |
34, Second East Main Road, Gandhinagar, |
|
Date of Birth/Age : |
28.05.1960 |
|
Date of Appointment : |
24.08.1994 |
|
|
|
|
Name : |
Mr. R. Perumal |
|
Designation : |
Director |
|
Address : |
34, Second East Main Road, Gandhinagar, |
|
Date of Birth/Age : |
22.03.1962 |
|
Date of Appointment : |
24.08.1994 |
|
|
|
|
Name : |
Mr. K. R. Munikannan |
|
Designation : |
Director |
|
Address : |
34, Second East Main Road, Gandhinagar, |
|
Date of Birth/Age : |
28.05.1970 |
|
Date of Appointment : |
24.08.1994 |
|
|
|
|
Name : |
Mr. K. Govinda Raju |
|
Designation : |
Director |
|
Address : |
34, Second East Main
Road, Gandhinagar, |
|
Date of Birth/Age : |
01.07.1946 |
|
Date of Appointment : |
24.08.1994 |
KEY EXECUTIVES
|
Name : |
Mr. G. Porselvam |
|
Designation : |
Company Secretary |
|
Address : |
No. 25, |
|
Tel No.: |
91-44-28142955 |
|
|
91-9841016465 |
|
E-Mail : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
K. R. Vijayan |
|
278000 |
|
K. R. Babu |
|
162400 |
|
R. Sekaran |
|
162400 |
|
R. Perjmal |
|
162400 |
|
K. R. Munikannan |
|
162400 |
|
K. Govinda Raju |
|
162400 |
|
Total |
|
1090000 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Shoe Uppers. |
|
|
|
|
Exports : |
|
|
Countries : |
Finished Leather |
PRODUCTION STATUS ( As on 31.03.2009)
|
Particulars |
|
Installed Capacity |
|
|
|
|
|
Finished Leather |
|
800,000
Sq. ft. Per Month |
|
Shoe Upper |
|
50,000
Pairs Per Month |
|
Full Shoes |
|
25,000
Pairs Per Month |
|
|
|
|
GENERAL INFORMATION
|
Suppliers : |
· Acme Enterprises · Baba Pile Foundation Works · Indo Built Storage Systems (Private) Limited · Jaybharat Lifts (Private) Limited · Megawin Switchgear (Private) Limited · Pandian and Company · Premavathy Traders · Saro Electricals · Sastha Build Mart · Sesha Tiles and Saniteries · Shree Luckmiraam Associates · Sri Ganesh Saw Mill · Sri Seven Hills Engineers · V2 Associates · V2 Foundations |
||||||||||||||
|
|
|
||||||||||||||
|
Customers : |
· A.V. Thomas Leather Allied Products Private Limited · Almox Suddutsche MBH · Bachi Shoes · BBK Shoes and Leather Private Limited · B eaconsfield Footwear Limited ·
Bureau Vertias Certification ( · Coronel SPA · CMF Industrial Components Limited · Digicom Leather Manufacturers · Enco Shoes · Equity Shoes Limited · Forward Leather Company · Gabor Shoes AG · Goodsyl Exports Private Limited · Good Leather Company · Gayarthri Shoes · Gupta Overseas · Harani Enterprises · Subraa Leathers · Hi Fashion Leather Products |
||||||||||||||
|
|
|
||||||||||||||
|
No. of Employees : |
175 persons -- 20 persons in office, 5 persons in branch and 150 persons in factory |
||||||||||||||
|
|
|
||||||||||||||
|
Bankers : |
·
State Bank of · ABN Amro Bank · HDFC Bank · ICICI Bank · Indian Bank ·
Axis Bank |
||||||||||||||
|
|
|
||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
- |
|
|
|
|
Auditors : |
|
|
Name : |
K. V. Chandramouli and Company Chartered Accountants |
|
Address : |
36, |
CAPITAL STRUCTURE
As on 24.09.2010
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1100000 |
Equity Shares |
Rs.100/- Each |
Rs.110.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1090000 |
Equity Shares |
Rs.100/- Each |
Rs.109.000
Millions |
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 |
109.000 |
19.750 |
19.750 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
35.845 |
59.698 |
36.864 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
144.845 |
79.448 |
56.614 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
194.203 |
132.657 |
134.886 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
194.203 |
132.657 |
134.886 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
339.048 |
212.105 |
191.500 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
116.618 |
108.415 |
107.497 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
96.855 |
21.740 |
3.624 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
67.886
|
41.543 |
68.223 |
|
|
Sundry Debtors |
83.192
|
59.379 |
34.163 |
|
|
Cash & Bank Balances |
15.866
|
15.688 |
11.069 |
|
|
Other Current Assets |
12.387
|
15.532 |
14.399 |
|
|
Loans & Advances |
5.177
|
4.983 |
6.644 |
|
Total
Current Assets |
184.508
|
137.125
|
134.498
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
52.394
|
049.599 |
50.344 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
6.539
|
5.576 |
3.775 |
|
Total
Current Liabilities |
58.933
|
55.175
|
54.119
|
|
|
Net Current Assets |
125.575
|
81.950 |
80.379 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
339.049 |
212.105 |
191.500 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
518.418 |
|
|
|
Other Income |
NA |
NA |
0.000 |
|
|
|
TOTAL (A) |
NA |
NA |
518.418 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
469.715 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
66.571 |
48.318 |
48.703 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
14.608 |
11.056 |
13.052 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
51.963 |
37.262 |
35.651 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
16.566 |
14.429 |
14.047 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
35.397 |
22.833 |
21.604 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
NA |
7.461 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
NA |
NA |
14.142 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
743.980 |
625.636 |
493.234 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
NA |
149.680 |
142.348 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
2.73
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
4.17
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
11.75
|
9.30
|
8.93
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.29
|
0.38
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.75
|
2.36
|
3.34
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.13
|
2.49
|
2.49
|
LOCAL AGENCY FURTHER INFORMATION
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U19201TN1994PTC028398 |
||||||
|
Name of the
company |
GOOD LEATHER SHOES PRIVATE LIMITED |
||||||
|
Address of the
registered office or of the principal place of business in |
No. 47, |
||||||
|
This form is for |
Creation of
charge |
||||||
|
Type of charge |
Others |
||||||
|
Particular of
charge holder |
|
||||||
|
Nature of
instrument creating charge |
Guarantee
Agreement dated 20.08.2011 |
||||||
|
Date of
instrument Creating the charge |
20.08.2011 |
||||||
|
Amount secured by
the charge |
Rs. 101.000 Millions |
||||||
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest As per agreement Terms of
Repayment Working capital
under SBI EGC scheme is valid for three years from date of sanction. Margin As per agreement Extent and
Operation of the charge Corporate
guarantee Others Nil |
||||||
|
Particulars of
the property charged |
Corporate
guarantee facility guaranteed to good leather company. |
|
Name of the
company |
GOOD LEATHER SHOES PRIVATE LIMITED |
|
Presented By |
Sri K. R. Vijayan, Managing Director |
|
1) Date and description of instrument creating the change |
Guarantee Agreement for Small Industrial Advances dated 04.12.2002 granted to M/s. Good Leather Company |
|
2) Amount secured by the charge/amount owing on the securities of charge |
Corporate Guarantee for the financial assistance granted to M/s. Good Leather Company totaling to Rs.5.200 millions together with Interest, Costs, Charges and other expenses which may be debited to the account from time to time. |
|
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 |
Corporate Guarantee extended to cover the entire assets of the company valued at Rs.15.900 millions as on 31.03.2002 |
|
4) Gist of the terms and conditions and extent and operation of the charge. |
The guarantee is a continuing guarantee |
|
5) Name and Address and description of the person entitled to the charge. |
State Bank of Commercial Branch, 1st Floor, Palar Towers, Walajapet – 632513, Vellore District |
|
6) Date and brief description of instrument modifying the charge |
Guarantee Agreement for small industrial advances dated 06.07.2005 |
|
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. |
The corporate guarantee extended for the revised Credit
facilities granted to M/s. Good Leather Company, by State Bank of |
|
Corporate identity
number of the company |
U19201TN1994PTC028398 |
|
Name of the
company |
GOOD LEATHER SHOES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No. 47, |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90282205 |
|
Type of charge |
Immovable
Property Movable Property Others Stocks, Bills Discounted,
Raw Materials |
|
Particular of
charge holder |
State Bank of |
|
Nature of
description of the instrument creating or modifying the charge |
1. Letter of arrangement
dated 05/08/2010 2. Agreement of
hypothecation dated 05/08/2010 3. Letter dated
06/08/2010 conforming EM extention made on 05/08/2010 4. Sanction
letter dated 28/07/2010 |
|
Date of
instrument Creating the charge |
05.08.2010 |
|
Amount secured by
the charge |
Rs.253.900
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest As per agreement Terms of
Repayment As per agreement Margin 25% Extent and Operation
of the charge Hypothecation of
Raw Materials, Stock In Process, Finished Goods, consumable spares and stores
and other current assets. Hypothecation of export receivables covered by
documents of title to goods, I e; bills discounted and extension of charge
over the current assets of the unit EM over the factory land measuring 7.20
acres in S. No. 25/1a, 25/2a, 25/3a, 26/9b and building constructed thereon
at Thodukadu Village, Tiruvallur district hypothecation of charge over
machinery acquired out of term loan |
|
Short particulars
of the property charged |
Hypothecation of
raw materials, stock in process, finished goods, consummable spares and
stores and other current assets. Hypothecation of export
receivables covered by documents of title to goods, i. e. bills discounted
and extension of charge over the current assets of the unit Em over the
factory land measuring 7.20 acres in s.no. 25/1a, 25/2a, 25/3a, 26/9b and
building constructed thereon at Hypothecation of
plant and machinery of the unit and charge over machinery acquired out of
term loan Merchandise
covered under lc's and extension of charge over the current assets as
stipulated for FDBN/EPC limits |
|
Date of latest
modification prior to the present modification |
09.11.2009 |
|
Particulars of
the present modification |
Overall limits
have been revised to Rs. 253.900 Millions. |
Fixed Assets:
· Land
· Building
· Furniture and Fixtures
· File Pack
· Wall Fans
· Vacuum Cleaner
· Interior Décor
· Machinery
· Conveyor Dub
· Bus
· EPBX
· Stabilizer
· Air-conditioner
· Power Equipments
· Fax/ Copier
· Fire Extinguisher
· TVS 50
· Generator
· Ficher Van
· Electrical Installations
· Computer and Accessories
· Software
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.49.78 |
|
|
1 |
Rs.80.10 |
|
Euro |
1 |
Rs.68.81 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--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 |
NO |
|
--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.