MIRA
INFORM REPORT
|
Report Date : |
07.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SKYLINE AGRO PRIVATE LIMITED |
|
|
|
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Registered
Office : |
2nd Floor, Badsha Plaza, Wright Town, Jabalpur – 482002,
Madhya Pradesh |
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Country : |
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|
Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
17.07.1996 |
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Com. Reg. No.: |
10-011022 |
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Capital
Investment / Paid-up Capital : |
Rs.6.546 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U67120MP1996PTC011022 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JBPS03078F |
|
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|
|
PAN No.: [Permanent Account No.] |
AAGCS4835G |
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|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Material Handling Equipment |
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|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 54000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Sow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record.
Profitability of the company appears to be low. However, trade relations are
reported to be fair. Business is active. Payments are reported to be slow but
correct. The company can be considered for business dealing 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
Long term (W.C) rating = BB- |
|
Rating Explanation |
Having a moderate risk of default regarding timely servicing of
financial obligation |
|
Date |
July, 2012 |
|
Rating Agency Name |
ICRA |
|
Rating |
Short term rating = A4 |
|
Rating Explanation |
Minimal degree of safety regarding timely payment of financial
obligation. It carry very high credit risk and susceptible to default. |
|
Date |
July, 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Sandeap Shrivastav |
|
Designation : |
Finance Manger |
|
Contact No.: |
91-761-4218576 |
|
Date : |
06.08.2012 |
LOCATIONS
|
Registered Office / Head Office: |
2nd Floor, Badsha Plaza, Wright Town, Jabalpur – 482002,
Madhya Pradesh, India |
|
Tel. No.: |
91-761-2651420 / 2400210 / 4218576 |
|
Fax No.: |
91-761-2652963 / 4218576 |
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E-Mail : |
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Branch Office : |
602-603, Wardha Road, Ramdaspesh, A Wing, Lokmat Building , Nagpur –
440012, Maharashtra, India |
DIRECTORS
As on 29.08.2011
|
Name : |
Mr. Vishwa Mohan |
|
Designation : |
Director |
|
Address : |
Raja Gokoldas Palace, Hahumanjal, Jabalpur – 482002, Madhya Pradesh, India |
|
Date of Birth/Age : |
22.06.1974 |
|
Date of Appointment : |
16.07.2002 |
|
DIN No.: |
00690504 |
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|
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|
Name : |
Mr. Achinta Deb |
|
Designation : |
Director |
|
Address : |
45/A, Ganga Nagar Colony, Garha, Jabalpur – 482002, Madhya Pradesh, India |
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Date of Birth/Age : |
04.02.1970 |
|
Date of Appointment : |
13.05.2002 |
|
DIN No.: |
00051136 |
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Name : |
Mr. Devi Prasad Tiwari |
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Designation : |
Director |
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Address : |
191/5, Sardar Ballabh Bhai Patel Ward, Jabalpur – 482002, Madhya Pradesh, India |
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Date of Birth/Age : |
01.04.1935 |
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Date of Appointment : |
13.05.2002 |
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DIN No.: |
02548492 |
KEY EXECUTIVES
|
Name : |
Mr. Sandeap Shrivastav |
|
Designation : |
Finance Manger |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Achinta Deb |
|
100 |
|
Devi Prasad Tiwari |
|
100 |
|
Vishwa Mohan and Ruchi Mohan (Joint) |
|
77000 |
|
Ruchi Mohan and Vishwa Mohan (Joint) |
|
150000 |
|
Gopali Chandra Mohan and Vishwa Mohan (Joint) |
|
31000 |
|
East West Global Limited, UAE |
|
197643 |
|
Bhavna Goel |
|
63267 |
|
Shrivali Mohan (Vishwa Mohan as father and natural guardian) |
|
135500 |
|
Total |
|
654610 |
As on 29.09.2011
|
Names of Allottes |
|
No. of Shares
Allotted |
|
Gopali Chandra Mohan |
|
14000 |
|
Chandra Mohan |
|
27800 |
|
Chandra Mohan (HUF) |
|
18600 |
|
Vishwa Mohan |
|
2000 |
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Total |
|
62400 |
As on 07.02.2012
|
Names of Allottes |
|
No. of Shares
Allotted |
|
Lifelong Ventre Private Limited, India |
|
180000 |
|
Total |
|
180000 |
As on 12.01.2012
|
Names of Allottes |
|
No. of Shares
Allotted |
|
Vishwa Mohan Jointly with Ruchi Mohan |
|
76650 |
|
Total |
|
76650 |
As on 31.03.212
|
Names of Allottes |
|
No. of Shares
Allotted |
|
Vshwa Securities and Finance Private Limited, India |
|
300000 |
|
Total |
|
300000 |
As on 29.08.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s), Non-resident
Indian(s) or Overseas Corporate bodies or Others |
39.86 |
|
Directors or relatives of Directors |
60.14 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Material Handling Equipment |
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Products / Services : |
Pulses, Green Peas and Seeds |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
· State Bank of India, Industrial Finance Branch, 5, Sai Complex, Amravati Road, Bharat Nagar, Nagpur - 440033, Maharashtra, India ·
Central Bank of India, Napier Town Branch,
Jabalpur, Madhya
Pradesh, India ·
IDBI Bank |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Anil Khemchand and Associates Chartered Accountants |
|
Address : |
Alkausar Apartment, 2nd Floor, Opposite Christ Church Girls
H.S. School Napier Town, Jabalpur –
482001, Madhya Pradesh, India |
|
PAN.: |
ACQPA5167J |
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Enterprise where
Key management personnel have got significant influence : |
· Shrimal Builders Private Limited · Ruchi Agritrade Private Limited |
CAPITAL STRUCTURE
After 29.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
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|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1273660 |
Equity Shares |
Rs.10/- each |
Rs.12.737 Millions
|
|
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As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs.10.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
654610 |
Equity Shares |
Rs.10/- each |
Rs.6.546
Millions |
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|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
6.546 |
6.546 |
6.546 |
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|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
7.002 |
5.416 |
3.427 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
13.548 |
11.962 |
9.973 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
54.188 |
30.028 |
27.595 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
54.188 |
30.028 |
27.595 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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|
|
|
|
|
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TOTAL |
67.736 |
41.990 |
37.568 |
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APPLICATION OF FUNDS |
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|
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FIXED ASSETS [Net Block] |
2.352 |
2.562 |
0.736 |
|
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
0.062 |
0.003 |
0.000 |
|
|
|
|
|
|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
69.165
|
17.307 |
14.935 |
|
|
Sundry Debtors |
3.472
|
30.481 |
17.655 |
|
|
Cash & Bank Balances |
14.413
|
13.734 |
12.517 |
|
|
Other Current Assets |
2.361
|
1.292 |
1.462 |
|
|
Loans & Advances |
3.795
|
2.897 |
0.777 |
|
Total
Current Assets |
93.206
|
65.711 |
47.346 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
19.171 |
24.578 |
9.309 |
|
|
Other Current Liabilities |
7.823
|
0.594 |
1.014 |
|
|
Provisions |
0.980
|
1.114 |
0.191 |
|
Total
Current Liabilities |
27.974
|
26.286 |
10.514 |
|
|
Net Current Assets |
65.232
|
39.425 |
36.832 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.090 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
67.736 |
41.990 |
37.568 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
802.303 |
682.847 |
255.083 |
|
|
|
Other Income |
1.000 |
1.496 |
0.808 |
|
|
|
TOTAL |
803.303 |
684.343 |
255.891 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
800.000 |
680.914 |
355.621 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
800.000 |
680.914 |
255.621 |
|
|
|
|
|
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|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
3.303 |
3.429 |
0.270 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.561 |
0.288 |
0.160 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.742 |
3.141 |
0.110 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.674 |
0.869 |
0.029 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.068 |
2.272 |
0.081 |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
4.248 |
2.260 |
2.347 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5.834 |
4.248 |
2.260 |
|
|
|
|
|
|
|
|
|
|
TOTAL IMPORTS |
19.987 |
47.788 |
2.739 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.18 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.26
|
0.33 |
0.03 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.34
|
0.46 |
0.04 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.87
|
4.60 |
0.23 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.20
|
0.26 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.06
|
4.71 |
3.82 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.33
|
2.50 |
4.50 |
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
Rs.
In Millions
|
Particular |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
19.171 |
24.578 |
9.309 |
|
Total |
19.171 |
24.578 |
9.309 |
|
Sr. No. |
Check List by Info
Agents |
Available in Report (Yes / No) |
|
1] |
Year of Establishment |
(Yes) |
|
2] |
Locality of the firm |
(Yes) |
|
3] |
Constitutions of the firm |
(Yes) |
|
4] |
Premises details |
(No) |
|
5] |
Type of Business |
(Yes) |
|
6] |
Line of Business |
(Yes) |
|
7] |
Promoter's background |
(Yes) |
|
8] |
No. of employees |
(No) |
|
9] |
Name of person contacted |
(No) |
|
10] |
Designation of contact person |
(No) |
|
11] |
Turnover of firm for last three years |
(Yes) |
|
12] |
Profitability for last three years |
(Yes) |
|
13] |
Reasons for variation <> 20% |
---------------------- |
|
14] |
Estimation for coming financial year |
(No) |
|
15] |
Capital in the business |
(Yes) |
|
16] |
Details of sister concerns |
(Yes) |
|
17] |
Major suppliers |
(No) |
|
18] |
Major customers |
(No) |
|
19] |
Payments terms |
(No) |
|
20] |
Export / Import details (if applicable) |
(No) |
|
21] |
Market information |
---------------------- |
|
22] |
Litigations that the firm / promoter involved in |
---------------------- |
|
23] |
Banking Details |
(Yes) |
|
24] |
Banking facility details |
(Yes) |
|
25] |
Conduct of the banking account |
---------------------- |
|
26] |
Buyer visit details |
---------------------- |
|
27] |
Financials, if provided |
(Yes) |
|
28] |
Incorporation details, if applicable |
(Yes) |
|
29] |
Last accounts filed at ROC |
(Yes) |
|
30] |
Major Shareholders, if available |
(Yes) |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
(Yes) |
|
32] |
PAN of Proprietor/Partner/Director, if available |
(No) |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
(No) |
|
34] |
External Agency Rating, if available |
(Yes) |
Note:
The registered office of the company has been shifted from
191, Kotwali Ward, Jabalpur - 482002, Madhya Pradesh, India to present address
w.e.f.06.12.2010
FINANCIAL RESULTS;
The Company has achieved a turnover of Rs.802.302 Millions (Previous year Rs.682.847 Millions) with other income of Rs.1.000 Million (Previous year Rs.1.496 Millions). it earned a profit of Rs.2.742 Millions (Previous year Rs.3.141 Millions). After providing Rs.0.561 Million for depreciation (Previous Year Rs.0.287 Millions), Rs.0.675 Million tor provision of Income Tax (Previous Year Rs.0.869 Million) and after bringing forward the previous year profit, the balance transferred to the Balance Sheet was Rs.5.834 Millions (Previous year Rs.4.248 Millions)
OPERATIONS AND FUTURE
OUTLOOK
The company's performance has been comparable to last year, only dampened a little by the severe hike in interest rates,
The production of agricultural commodities in the current year has been at a record level in India. This has resulted in the Government of India easing the restriction on exports of various commodities in which exports were banned to curb inflation. The Company plans to enter into export market once trading margins appear.
With the enhanced food grain production and storage in country, both in the private and government sector, the requirement of infrastructure for grain storage and modern handling, has increased. The company plans to develop such infrastructure for the government and the private sector.
With a normal monsoon setting in and with the above new opportunities, the future outlook of the company looks positive. A note of caution has to be, however, maintained, due to the prevailing high interest rates.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U67120MP1996PTC011022 |
|
Name of the
company |
SKYLINE AGRO
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
2nd
Floor, Badsha Plaza, Wright Town, Jabalpur – 482002, Madhya Pradesh, India |
|
This form is for |
Modification of charge |
|
Charge
identification (ID) number of the charge to be modified |
10081407 |
|
Type of charge |
· Book debts · Movable property (not being pledge) · Floating charge ·
Others (Personal And Corporate Gurantee) |
|
Particular of charge
holder |
State Bank of India, Industrial Finance Branch, 5, Sai Complex, Amravati Road, Bharat Nagar, Nagpur - 440033, Maharashtra, India |
|
Nature of instrument
creating charge |
Letter of Confirmation For Extension of Mortgage Supplemental Agreement of Loan Cum Hypothecation Gurantee Agreement Letter of Arrangement Memorandum for Recording Extension of Mortgage by Deposit of Title Deed |
|
Date of instrument
Creating the charge |
24.03.2012 |
|
Amount secured by
the charge |
Rs.125.900
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit- 4 % Above Base Rate, Effective Rate 14%, With Monthly Rest Terms of Repayment Repayment On
Demand Margin CASH CREDIT EXISTING PROPOSED SIP 25% 25% RECEIVABLES 25% 25% LETTER OF
CREDIT 15% 15% BG 15% 15% Extent and Operation of the charge Hypothecation of
Entire Stocks of The Company at its Godowns or at Some Other Places (Central Ware
House Corporation Godowns) Including Goods In Transit, Outstanding Moneys,
Book Debts, Receivables. Others Personal Gurantee
of Mr. Vishwa Mohan Director of The Company Corporate
Gurantee of M/S Shrimal Builders Private Limited, Jabalpur, As Per Letter of
Arrangement The Working Capital Limit Sanctioned on 17 January 2012, Subject
To Review Every Twelve Months. However The Company Has Accepted The Loan And
Signed The Documents On 24 March 2012 And Stamp Duty Paid On 24th March 2012,
Therefore The Counting Of Date For The Roc Filing Purpose Is Assumed As 24th
March 2012. |
|
Short particulars
of the property or asset(s) charged (including complete address and location
of the property) |
Equitable Mortgage of Open Land At Mauja Gwarighat, S. No 603, P.C.No.23/27, Khasra No 52/1, Area 0.805 Hectare And Khasra No 52/3, Area 0.805 Hectare. At Narmada Road Behind Sai Mandir, Lalpur, Jbp Hypothecation of Entire Stocks of The Company At Its Godowns or At Somr Other Places (Central Ware House Corporation Godowns) Including Goods In Transit, Outstanding Moneys, Book Debts, Receivables. |
|
Particulars of
the present modification |
Working Capital Facilities 1.Cash Credit - Enhanced Form Rs.50.000 Millions To Rs.80.000 Millions (EPC Limit (Within CC Limit) Of Rs 12.500 Millions) 2. Letter of Credit - Remains Same As Earlier Rs.25.000 Millions 3. Bank Gurantee - Enhanced Form Rs.5.000 Millions To Rs.20.000 Millions 4. Forward Contract - Additional Facility of Rs.0.900 Million Total Enhancement of Rs.45.000 Millions, From Rs.80.90 Millions To Rs.125.900 Millions |
Fixed Assets
· Building
· Furniture and Fixture
· Office Equipment
· Computer
· Vehicles
· Water Purifier
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No 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.55.47 |
|
|
1 |
Rs.86.60 |
|
Euro |
1 |
Rs.68.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
NTH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
33 |
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.