MIRA
INFORM REPORT
|
Report Date : |
18.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
DHANALAXMI ROTO
SPINNERS LIMITED |
|
|
|
|
Registered
Office : |
Survey. No. 114 and 115, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
11.09.1987 |
|
|
|
|
Com. Reg. No.: |
01-007769 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.39.003 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
L18100AP1987PLC007769 |
|
|
|
|
IEC No.: |
0990004830 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
HYDS08949D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACD8429P |
|
|
|
|
Legal Form : |
A Public Limited Liability company. The company’s Share are Listed on
the Stock Exchange. |
|
|
|
|
Line of Business
: |
Manufacturer,
Exporter and Supplier of Cotton Steal Meal, Cotton seed cake, Sunflower
oil, Rice Bran Oil, Wood Pulp, Duplex board, Manila Board, Wood free paper, etc. |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (28) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 210000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having moderate track. Trade relations are fair. Business
is active. Payments are reported to be slow. The company can be
considered for business dealings with slight caution. |
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) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Anirudh Inani |
|
Designation : |
Director |
|
Contact No.: |
91-986632221 |
|
Date : |
13.08.2012 |
LOCATIONS
|
Registered Office / Factory : |
Survey. No. 114 and 115, |
|
Tel. No.: |
91-8548-257181/
32990707 / 27847960 |
|
Mobile No.: |
91-9866322221
(Mr. Anirudh Inani) |
|
Fax No.: |
91-40-27847960 |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Branch: |
15-9-56, Inani
House,Maharaj Gunj, |
|
Tel. No.: |
91-40-24601782/
3/ 32990707/ 32942291 |
|
Fax No.: |
91-40-27847960 |
|
E-Mail: |
|
|
Website: |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Rajkumar
Inani |
|
Designation : |
Whole Time
Director |
|
Address: |
15-9-56, Mahraj
Gunj, Hyderabad-500012, |
|
Date of Birth/ Age: |
30.05.1964 |
|
Date of Appointment: |
27.08.2002 |
|
|
|
|
Name : |
Mr. Narayan Inani
|
|
Designation : |
Executive Director
|
|
Address: |
15-9-56, Mahraj
Gunj, Hyderabad-500012, |
|
Date of Birth/ Age: |
10.09.1968 |
|
Date of Appointment: |
30.09.2003 |
|
|
|
|
Name : |
Mr. Rajiv Kumar
Maheshwari |
|
Designation : |
Director |
|
|
|
|
Name : |
Mr. Kasturi
Narendra Prasad |
|
Designation : |
Director |
|
Address: |
7/52/5 B.S Nagar,
Malkajgiri, Hyderabad-500457, |
|
Date of Birth/ Age: |
22.12.1963 |
|
Date of Appointment: |
30.01.1999 |
|
|
|
|
Name : |
Mr. Shyam Sunder
Jakhotia |
|
Designation : |
Director |
|
Address: |
8-3-68, Old Beet
Bazar, |
|
Date of Birth/ Age: |
16.04.1969 |
|
Date of Appointment: |
30.09.2006 |
|
|
|
|
Name : |
Mr. Simanth Roy
Chowdhury |
|
Designation : |
Director |
|
Address: |
S. Y. |No. 114/
115, |
|
Date of Birth/ Age: |
23.04.1968 |
|
Date of Appointment: |
02.04.2009 |
|
|
|
|
Name : |
Mr. Anirudh Inani |
|
Designation : |
Additional Director |
|
Address: |
15-9-56, Mahraj
Gunj, Hyderabad-500012, |
|
Date of Birth/ Age: |
30.04.1980 |
|
Date of Appointment: |
30.06.2009 |
SHAREHOLDING PATTERN
As on 30.06.2012
|
Names of Shareholders |
No.
of Shares |
Percentage
of Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
894,369 |
22.93 |
|
|
203,825 |
5.23 |
|
|
1,098,194 |
28.16 |
|
|
|
|
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
1,098,194 |
28.16 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
200 |
0.01 |
|
|
200 |
0.01 |
|
|
|
|
|
|
160,500 |
4.12 |
|
|
|
|
|
|
1,334,372 |
34.21 |
|
|
1,305,904 |
33.48 |
|
|
1,130 |
0.03 |
|
|
1,124 |
0.03 |
|
|
6 |
0 |
|
|
2,801,906 |
71.84 |
|
Total Public shareholding (B) |
2,802,106 |
71.84 |
|
Total (A)+(B) |
3,900,300 |
100.00 |
|
(C) Shares held by Custodians and against which Depository
Receipts have been issued |
0 |
0 |
|
|
0 |
0 |
|
|
0 |
0 |
|
|
0 |
0 |
|
Total (A)+(B)+(C) |
3,900,300 |
0 |
(1) Indian
Individuals / Hindu Undivided Family
Individual shareholders holding nominal
share capital up to Rs. 0.100 millionBUSINESS DETAILS
|
Line of Business : |
Manufacturer,
Exporter and Supplier of Cotton Steal Meal, Cotton seed cake, Sunflower
oil, Rice Bran Oil, Wood Pulp, Duplex board, Manila Board, Wood free paper, etc. |
|
|
|
|
Products : |
·
Cotton Steal Meal ·
Cotton Seed Cake ·
Sunflower Oil ·
Rice Bran Oil ·
Wood Pulp ·
Duplex Board ·
Manila Board ·
Wood Free Paper |
|
|
|
|
Exports : |
|
|
Products : |
·
Manila Board ·
Wlor Board |
|
Countries : |
·
·
·
·
|
|
|
|
|
Imports : |
|
|
Products : |
·
Raw Material |
|
Countries : |
·
US ·
·
·
|
|
|
|
|
Terms : |
|
|
Selling : |
L/C |
|
|
|
|
Purchasing : |
L/C |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
50 (Approximately) |
||||||||||||||||||
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||||||||||||||||||
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Bankers : |
·
Tamilnad Mercantile Bank Limited, 15-2-696, 1st
Floor, Siddiamber Bazar, Kishangunj, ·
Citi
Bank N.A., Ground Floor, ·
Canbank
Factors Limited, (A Subsidiary of Canara Bank), Road No. 19, Himayath Nagar, |
||||||||||||||||||
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|
||||||||||||||||||
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Facilities : |
|
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
G. D. Upadhyay
and Company Chartered Accountants |
|
Address : |
15-1-53, 2nd
Floor, Upstairs Andhra Bank, Opposite Goshamahal High School, Siddiamber
Bazar, Hyderabad – 500012, India |
|
|
|
|
Memberships : |
·
The Federation of Indian Export Organizations (FIEO) ·
Confederation of Indian Industry (CII) ·
The Federation of Andhra Pradesh Chambers of
Commerce and Industry (FAPCCI) |
|
|
|
|
Associates/Subsidiaries : |
·
Inani Securities Limited ·
Anirudh Marketing ·
Inani Commodities and Finance Limited ·
Inani Distributors ·
Inani Real Estate and Developers (Private)
Limited ·
Dhansree Syntex (Private) Limited ·
Karmanghat Securities Private Limited |
CAPITAL STRUCTURE
As on 30.09.2011
Authorized Capital:
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
5000000 |
Equity Shares |
Rs.10/- each |
Rs.50.000 millions |
|
|
|
|
|
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3900300 |
Equity Shares |
Rs.10/- each |
Rs.39.003 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 |
39.003 |
39.003 |
39.003 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
13.741 |
9.383 |
8.047 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
52.744 |
48.386 |
47.050 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.980 |
11.526 |
6.029 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
9.980 |
11.526 |
6.029 |
|
|
DEFERRED TAX LIABILITIES |
0.964 |
0.765 |
0.750 |
|
|
|
|
|
|
|
|
TOTAL |
63.688 |
60.677 |
54.829 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
15.186 |
8.788 |
8.235 |
|
|
Capital work-in-progress |
0.000 |
3.880 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.760 |
2.760 |
7.142 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
1.323
|
3.009
|
0.611
|
|
|
Sundry Debtors |
24.133
|
36.446
|
13.724
|
|
|
Cash & Bank Balances |
30.547
|
10.057
|
11.945
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
28.136
|
27.651
|
24.433
|
|
Total
Current Assets |
84.139
|
77.163 |
50.713 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
33.030
|
28.067
|
7.251
|
|
|
Other Current Liabilities |
2.048
|
3.492
|
2.612
|
|
|
Provisions |
1.319
|
0.356
|
2.398
|
|
Total
Current Liabilities |
36.397
|
31.915 |
12.261 |
|
|
Net Current Assets |
47.742
|
45.249 |
38.452 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
63.688 |
60.677 |
54.829 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
229.965 |
144.796 |
127.418 |
|
|
|
Other Income |
(0.323) |
(2.045) |
2.303 |
|
|
|
TOTAL |
229.642 |
142.751 |
129.721 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
204.164 |
126.299 |
107.522 |
|
|
|
Staff Cost |
1.782 |
1.503 |
1.457 |
|
|
|
Administrative and Selling Expenses |
11.768 |
9.049 |
10.081 |
|
|
|
TOTAL |
217.714 |
136.851 |
119.060 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION |
11.928 |
5.900 |
10.659 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
4.493 |
2.355 |
5.323 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
7.435 |
3.545 |
5.336 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.812 |
0.699 |
0.487 |
|
|
|
|
|
|
|
|
|
Add |
PROFIT
BEFORE TAXATION AND EXCEPTIONAL ITEMS |
6.623 |
2.840 |
4.849 |
|
|
|
-
Exceptional Items: |
|
|
|
|
|
|
Profit on sale of land |
0.000 |
0.000 |
1.227 |
|
|
|
Prior Period Adjustments |
0.099 |
0.232 |
0.114 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
6.524 |
3.075 |
5.962 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.166 |
1.739 |
1.843 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
4.358 |
1.336 |
4.119 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
5.974 |
4.637 |
0.518 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
10.332 |
5.974 |
4.637 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
1.429 |
1.806 |
24.202 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
1.12 |
0.34 |
1.06 |
|
|
Particulars |
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
250.000 |
Expected Sales ( 2012-13 ) : Rs. 300.000 millions
The above information has been parted by Mr. Anirudh Inani
QUARTERLY /
SUMMARISED RESULTS
|
PARTICULARS |
30.06.2011 |
30.09.2011 |
31.12.2011 |
31.03.2012 |
30.06.2012 |
|
Type |
1st
Quarter |
2nd
Quarter |
3rd
Quarter |
4th
Quarter |
5th
Quarter |
|
Net Sales |
93.550 |
68.510 |
69.870 |
69.560 |
86.320 |
|
Total Expenditure |
88.450 |
66.590 |
67.890 |
65.750 |
80.390 |
|
PBIDT (Excl OI) |
5.100 |
1.920 |
1.980 |
3.810 |
5.930 |
|
Other Income |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Operating Profit |
5.100 |
1.920 |
1.980 |
3.810 |
5.930 |
|
Interest |
1.020 |
1.030 |
0.720 |
0.860 |
5.100 |
|
Exceptional Items |
0.000 |
0.000 |
0.000 |
-0.090 |
0.000 |
|
PBDT |
4.080 |
0.890 |
1.260 |
2.860 |
0.830 |
|
Depreciation |
0.290 |
0.240 |
0.330 |
0.250 |
0.290 |
|
Profit Before Tax |
3.790 |
0.650 |
0.930 |
2.610 |
0.540 |
|
Tax |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Provisions and contingencies |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Profit After Tax |
3.790 |
0.650 |
0.930 |
2.610 |
0.540 |
|
Extraordinary Items |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Prior Period Expenses |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Other Adjustments |
0.000 |
0.000 |
0.000 |
0.000 |
0.000 |
|
Net Profit |
3.790 |
0.650 |
0.930 |
2.610 |
0.540 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.89
|
0.93 |
3.18 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.83
|
0.02 |
4.68 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.56
|
3.98 |
10.11 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.12
|
0.06 |
0.13 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.88
|
0.65 |
0.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.31
|
2.41 |
4.14 |
LOCAL AGENCY FURTHER INFORMATION
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
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 |
Yes |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
No |
|
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 |
No |
REVIEW OF
OPERATIONS:
During the year , the company has made a Gross Income of Rs. 229.642
millions when compared to Rs. 142.752 millions in the earlier year. Net profit before
taxation and exceptional items earned during the year amounted to Rs. 6.624
millions, as against Rs. 2.843 millions in the previous year. Profit after Tax
was Rs. 4.358 millions against Rs. 1.336 millions of earlier years.
INDUSTRY STRUCTURE
AND DEVELOPMENT:
The Company is mainly engaged in Trading Activity in the line of
Textiles, Paper and Wood Pulp Market.
The Company has established itself in Paper and Wood Pulp market. The
Company is trying to improve on small beginning made in last couple of years in
commodity trading and exports. The Company intent to set up Manufacturing
Enterprise for production of Agro Briquetters and Forestry/Logging Products,
for that purpose company got itself registered as a Small Scale Industry.
FIXED ASSETS:
· Land
· Building
· Borewell
· Office Equipments
· Vehicles
· Cycle
· Live Stock
· Furniture and Fixture
· Computer
· Time Share
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.55.98 |
|
|
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.68 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NID |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
28 |
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.