MIRA
INFORM REPORT
|
Report Date : |
08.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
SARA SUOLE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Survey No.62, Site No.13, 6th Cross N.S. Palya, BTM Layout,
Bangalore-560076, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
26.04.2001 |
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|
|
|
Com. Reg. No.: |
08-028955 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 47.789 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19119KA2001PTC028955 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS05222A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer, Exporter and Importer of Leather Soles and Shoes. |
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|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 900000 |
|
|
|
|
Status : |
Satisfactory |
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|
|
|
Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payment 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB- / Stable (Long Term Rating) |
|
Rating Explanation |
Having moderate risk of default regarding timely servicing of
financial obligation. |
|
Date |
24.05.2011 |
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.
LOCATIONS
|
Registered Office : |
Survey No.62, Site No.13, 6th Cross N.S. Palya, BTM Layout,
Bangalore-560076, Karnataka, India |
|
Tel. No.: |
91-80-49072800 / 28429804 / 28429381 / 28429377 / 28429300 |
|
Fax No.: |
91-80-49072899 |
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E-Mail : |
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|
Website : |
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|
Branch Office : |
Sy No.192/1, 192/2, 193/3, C K Palya, Sakalavara Post, Bannerghatta Road,
Bangalore, Karnataka, India |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Kayum Razak Dhanani |
|
Designation : |
Managing Director |
|
Address : |
65, 4th Cross, 36A Main BTM, 1 Stage Dollar Scheme,
Bangalore-560068, Karnataka, India |
|
Date of Birth/Age : |
07.05.1972 |
|
Date of Appointment : |
30.03.2005 |
|
DIN No.: |
00987597 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U74946GJ1992PLC017161 |
UNIERA
LABORATORIES LIMITED |
Director |
25/02/1992 |
25/02/1992 |
Under
Process of Striking off |
NO |
|
2 |
U19201TN1995PTC031134 |
ASHIKA
LEATHERS PRIVATE LIMITED |
Managing
director |
27/04/1995 |
27/04/1995 |
Active |
NO |
|
3 |
U19119KA2001PTC028955 |
SARA
SUOLE PRIVATE LIMITED |
Managing
director |
30/03/2005 |
30/03/2005 |
Active |
NO |
|
Name : |
Ms. Bipasha Pal |
|
Designation : |
Director |
|
Address : |
65, 4th Cross, 36A Main BTM, 1 Stage Dollar Scheme,
Bangalore-560068, Karnataka, India |
|
Date of Birth/Age : |
30.08.1966 |
|
Date of Appointment : |
26.04.2001 |
|
DIN No.: |
00904266 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U19201TN1995PTC031134 |
ASHIKA
LEATHERS PRIVATE LIMITED |
Director |
27/04/1995 |
27/04/1995 |
Active |
NO |
|
2 |
U19119KA2001PTC028955 |
SARA
SUOLE PRIVATE LIMITED |
Director |
26/04/2001 |
26/04/2001 |
Active |
NO |
|
Name : |
Mr. Paveet Amin Girishbhai |
|
Designation : |
Additional Director |
|
Address : |
187/04, CK Palya Sakalavara Post , Bangalore-560083, Karnataka,
India |
|
Date of Birth/Age : |
03.02.1972 |
|
Date of Appointment : |
16.08.2011 |
|
DIN No.: |
03570893 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Company/
LLP Status |
Defaulting
status |
|
1 |
U19119KA2001PTC028955 |
SARA
SUOLE PRIVATE LIMITED |
Additional
director |
16/08/2011 |
16/08/2011 |
Active |
NO |
|
2 |
L51100GJ1992PLC017613 |
WELTERMAN
INTERNATIONAL LIMITED |
Additional
director |
02/09/2011 |
02/09/2011 |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Bipasha Pal |
344900 |
|
Chita Narendra |
100 |
|
Kayum Dhanani |
2293333 |
|
Blue Deebaj Chemicals LLC, Dubai |
161687 |
|
Indus Salt Fze, UAE |
1978884 |
|
TOTAL |
4778904 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage |
|
Foreign holdings( Foreign institutional
investor(s), Foreign companie(s) Foreign financial institution(s),
Non-resident Indian(s) or Overseas Corporate bodies or Others |
18.50 |
|
Directors or relatives of Directors |
81.50 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Leather Soles and Shoes. |
|
|
|
|
Products : |
Leather Soles and Shoes |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
|
Soles |
In Paris |
2100000 |
2100000 |
|
Shoes |
In Paris |
1200000 |
1200000 |
GENERAL INFORMATION
|
Customers : |
·
Bugatti Shoes ·
Hush Puppies ·
Karstadt ·
Witchery ·
Sterling and Hunt ·
SIEMES ·
Cinti ·
ESPRIT ·
Bostonian ·
Bata |
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No. of Employees : |
Not Available |
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Bankers : |
State Bank of Mysore, Srinagar Shopping Complex, M G Road,
Bangalore-560001, Karnataka, India |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Ishwar and Gopal Chartered Accountant |
|
Address : |
Sri Vinayaka
Building, NO. 21/3, T.S.P Road, Kalasipalyam, Bangalore-560002, Karnataka,
India |
|
Pan No.: |
AAAFI2474E |
|
|
|
|
Associates : |
Welterman International Limited |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs. 100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4778904 |
Equity Shares |
Rs.10/- each |
Rs. 47.789
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
|
|
|
|
|
1] Share Capital |
47.789 |
47.789 |
47.789 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
178.496 |
138.362 |
113.656 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
226.285 |
186.151 |
161.445 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
334.321 |
256.944 |
220.372 |
|
|
2] Unsecured Loans |
4.000 |
0.000 |
5.341 |
|
|
TOTAL BORROWING |
338.321 |
256.944 |
225.713 |
|
|
DEFERRED TAX LIABILITIES |
3.117 |
2.345 |
2.291 |
|
|
|
|
|
|
|
|
TOTAL |
567.723 |
445.440 |
389.449 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
127.551 |
78.898 |
76.442 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
349.947
|
233.778 |
191.091 |
|
|
Sundry Debtors |
128.029
|
98.873 |
102.097 |
|
|
Cash & Bank Balances |
18.435
|
10.305 |
12.947 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
176.499
|
142.613 |
153.441 |
|
Total
Current Assets |
672.910
|
485.569 |
459.576 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
196.561
|
86.010 |
0.000 |
|
|
Other Current Liabilities |
28.137
|
29.486 |
136.804 |
|
|
Provisions |
8.040
|
3.531 |
9.765 |
|
Total
Current Liabilities |
232.738
|
119.027 |
146.569 |
|
|
Net Current Assets |
440.172
|
366.542 |
313.007 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
567.723 |
445.440 |
389.449 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales and Services |
1376.152 |
916.837 |
814.669 |
|
|
|
Miscellaneous Income |
25.033 |
11.955 |
1.521 |
|
|
|
TOTAL (A) |
1401.185 |
928.792 |
816.190 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
NA |
830.524 |
746.669 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
98.268 |
69.521 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
42.595 |
31.662 |
36.267 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
66.606 |
33.254 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/ AMORTISATION (F) |
19.162 |
14.417 |
11.884 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
NA |
52.189 |
21.370 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
NA |
27.484 |
9.713 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
40.133 |
24.705 |
11.657 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
117.946 |
77.812 |
53.107 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
992.997 |
684.866 |
662.914 |
|
|
TOTAL EARNINGS |
992.997 |
684.866 |
662.914 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
107.595 |
73.817 |
23.387 |
|
|
|
Consumables |
28.803 |
8.541 |
8.191 |
|
|
|
Stores & Spares |
7.305 |
6.395 |
8.373 |
|
|
|
Capital Goods |
24.245 |
1.713 |
9.766 |
|
|
TOTAL IMPORTS |
167.948 |
90.466 |
49.717 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
8.40 |
5.00 |
3.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.92
|
2.66 |
1.43 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
5.69 |
2.62 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
9.25 |
3.99 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.28 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.54
|
2.03 |
2.32 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.89
|
4.08 |
3.14 |
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1. Year of Establishment |
Yes |
|
2. Locality of the firm |
Yes |
|
3. Constructions 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 |
Yes |
|
19. Payments terms |
No |
|
20. Export / Import details |
Yes |
|
21. Market information |
------ |
|
22. Litigations that the firm / promoter involved |
------ |
|
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
Registered office has been shifted from Sy.No.187/3 and 187/4(A), C. K.
Palya, Sakalavara Post, B. G. Road, Bangalore-560083, Karnataka India to the
present address w.e.f. 16.08.2011.
FORM 8
|
Corporate
identity number of the company |
U19119KA2001PTC028955 |
|
Name of the
company |
SARA SUOLE
PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
Sy.No.187/3 and 187/4(A), C. K. Palya, Sakalavara Post, B. G. Road,
Bangalore-560083, Karnataka India |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Movable property
(not being pledge) Others |
|
Particular of
charge holder |
State Bank of Mysore, Srinagar Shopping Complex, M G Road,
Bangalore-560001, Karnataka, India |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation of Goods And Assets Letter Regarding
The Grant of Individual Limits Within The Overall Limits (Both The
Documents Relate To The Same Charge) |
|
Date of
instrument Creating the charge |
25.07.2011 |
|
Amount secured by
the charge |
Rs. 100.000
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CC : Interest @
6.25% above base rate, Present effective rate 15.50% p.a. TL /CTL: Interest
@ 6.00% above base rate, Present effective rate 15.50% p.a. Terms of repayment WC : Repayable on
demand TL : Repayable as per Annexure Margin TL : 25% CTL : 30% LC : 10% Extent and operation of the charge Charges
extends on pari passu basis between
SBI, SBM and SBT throughout the period of sanctioned limits Other Second Charge
over the house property of Kayum Dhanani, MD (1st charge over SBM) EM over 8 numbers
of commercial shop buildings (G-1, G-2, G-3, G-4, G-5, G-6, F-2, F-3), Ground
Floor, Saayaji Hotel, H-1 Scheme No. 54, Vijayanagar, Near Meghadoot Garden,
Indore, in the name of Suchitra Dhanani EM of flat owned
by one of the directors at Purva Fountain Square, Flat Nos. Q 105 and Q 205,
Sy. No. 22, 23, 24, Varthur Hobli, Bangalore |
|
Short particulars
of the property charged (Including location of the property) |
First pari passu
charge on hypothecation of entire stocks of raw materials, spares, stocks in
process, finished goods, receivables, book debts and current assets. First pari passu
charge on unencumbered fixed assets of the company Second Charge
over the house property of Kayum Dhanani, MD (1st charge over SBM) EM over 8 numbers
of commercial shop buildings (G-1, G-2, G-3, G-4, G-5, G-6, F-2, F-3), Ground
Floor, Saayaji Hotel, H-1 Scheme No. 54, Vijayanagar, Near Meghadoot Garden,
Indore, in the name of Suchitra Dhanani on pari pau basis with SBI,SBM, SBT EM of flat owned
by one of the directors at Purva Fountain Square, Flat Nos. Q 105 and Q 205,
Sy. No. 22, 23, 24, Varthur Hobli, Bangalore on pari asu basis with SBI, SBM
and SBT Assignment over
LIC policies in the name of Kayum Dhanani sum assured Rs. 5.300 Millions
and Bipasha Pal sum assured Rs.1.500
Millions on pari pasu basis with SBI, SBM, SBT Fixed deposit of
Rs 7.500 Millions.(with SBM) on pari pasu basis with SBI, SBM , SBT Charge on the
assets purchased out of TL / CTL (Machineries, compressors, generators,
interiors, computers and UPs amounting to Rs 69.100 Millions). |
FIXED ASSETS
·
Plant and Machinery
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Furniture and Fixtures
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Vehicles
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. 55.49 |
|
|
1 |
Rs. 86.39 |
|
Euro |
1 |
Rs. 68.69 |
INFORMATION DETAILS
|
Information
Gathered by : |
-- |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
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.