1. Summary Information
|
Country |
India |
||
|
Company Name |
MINIKING KNITWEARS PRIVATE LIMITED |
Principal Name 1 |
Mr. Mohinder Kumar Jain |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Ashok Kumar Jain |
|
Registration # |
16-011156 |
||
|
Street Address |
Bhadurke Road, Ludhiana-141008, Punjab |
||
|
Established Date |
08.03.1991 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
91-161-2781744 |
Business Style 2 |
High Class Hosiery |
|
Homepage |
-- |
Product Name 1 |
Readymade |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.6,904,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Directors
or relatives of directors 100.00% |
Banking |
Small Industries
Development Bank of India |
|
Public Limited Corp. |
No |
Business Period |
21 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba (48) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
57,278,000 |
Current Liabilities |
15,594,000 |
|
Inventories |
39,104,000 |
Long-term Liabilities |
2,622,000 |
|
Fixed Assets |
64,200,000 |
Other Liabilities |
8,689,000 |
|
Deferred Assets |
000 |
Total Liabilities |
26,905,000 |
|
Invest& other Assets |
10,000 |
Retained Earnings |
126,783,000 |
|
|
|
Net Worth |
133,687,000 |
|
Total Assets |
160,592,000 |
Total Liab. & Equity |
160,592,000 |
|
Total Assets (Previous Year) |
141,947,000 |
|
|
|
P/L Statement as of |
31.03.2011 |
(Unit: Indian Rs.) |
|
|
Sales |
312,731,000 |
Net Profit |
13,866,000 |
|
Sales(Previous yr) |
237,014,000 |
Net Profit(Prev.yr) |
12,410,000 |
MIRA INFORM REPORT
|
Report Date : |
22.08.2012 |
IDENTIFICATION DETAILS
|
Name : |
MINIKING KNITWEARS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Bhadurke Road, Ludhiana-141008, Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
08.03.1991 |
|
|
|
|
Com. Reg. No.: |
16-011156 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.6.904
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U18101PB1991PTC011156 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of High Class Hosiery and Readymade. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 530000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Financial company is performing well. Trade relations are reported to be
fair. Business is active. Payments are reported to be regular and as per
commitments. The company can be considered for normal 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 |
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 / Factory : |
Bhadurke Road, Ludhiana-141008, Punjab, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
91-161-2781744/88/2781733/2781755/5004362 |
|
E-Mail : |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Mohinder Kumar Jain |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
431/1/6, College Road, Ludhiana, Punjab, India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.03.1991 |
||||||||||||||||||||||||||||||||||||
|
Din No.: |
00107108 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Ashok Kumar Jain |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
431/1/6, College Road, Ludhiana, Punjab, India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.04.1993 |
||||||||||||||||||||||||||||||||||||
|
Din No.: |
00107145 |
||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
|||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Dharamvir Jain |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
431/1/6, College Road, Ludhiana, Punjab, India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
08.03.1991 |
||||||||||||||||||||||||||||||||||||
|
Din No.: |
02297079 |
||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Anup Jain |
||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
||||||||||||||||||||||||||||||||||||
|
Address : |
431/1/6, College Road, Ludhiana, Punjab, India |
||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
28.04.1993 |
||||||||||||||||||||||||||||||||||||
|
Din No.: |
02763984 |
||||||||||||||||||||||||||||||||||||
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Mohinder Kumar Jain |
|
13410 |
|
Ashok Kumar Jain |
|
18000 |
|
Dharamvir Jain |
|
14410 |
|
Anup Jain |
|
18000 |
|
Dhanesh Kanta Jain |
|
2040 |
|
Chand Rani Jain |
|
2040 |
|
Dharamvir Jain and Sons (HUF) |
|
10 |
|
Ashok Kumar Jain and Sons (HUF) |
|
10 |
|
Sambhav Jain |
|
510 |
|
Akshay Jain |
|
500 |
|
Anup Jain and Sons HUF |
|
10 |
|
Mohinder Jain and Sons (HUF) |
|
10 |
|
Archit Jian |
|
90 |
|
|
|
|
|
Total |
|
69040 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of High Class Hosiery and Readymade. |
GENERAL INFORMATION
|
Suppliers : |
|
|||||||||
|
|
|
|||||||||
|
Customers : |
|
|||||||||
|
|
|
|||||||||
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
Small Industries Development Bank of India, Fortune Chambers, First Floor,
SCO 16-17, Feroze Gandhi Market, Opposite Ludhiana Stock Exchange,
Ludhiana-141001, Punjab, India |
|||||||||
|
|
|
|||||||||
|
Facilities : |
|
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Bhakoo and Associates Chartered Accountants |
|
Address : |
337/1A, Dr. Sham Singh Road, Civil Lines, Ludhiana-141001, Punjab,
India |
|
Tel. No.: |
91-161-2413348/2771898 |
|
E-Mail : |
|
|
Pan No.: |
AABFB0545L |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs.100/- each |
Rs.10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
69040 |
Equity Shares |
Rs.100/- each |
Rs.6.904
Millions |
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 |
6.904 |
6.904 |
6.904 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
126.783 |
112.916 |
100.506 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.00 |
|
|
NETWORTH |
133.687 |
119.820 |
107.410 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
2.622 |
5.009 |
4.094 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
12.972 |
|
|
TOTAL BORROWING |
2.622 |
5.009 |
17.066 |
|
|
DEFERRED TAX LIABILITIES |
1.189 |
1.701 |
2.389 |
|
|
|
|
|
|
|
|
TOTAL |
137.498 |
126.530 |
126.865 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
64.200 |
70.373 |
72.380 |
|
|
Capital work-in-progress |
0.000 |
0.459 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.010 |
0.005 |
0.005 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
39.104
|
39.245 |
30.595 |
|
|
Sundry Debtors |
28.237
|
11.097 |
18.565 |
|
|
Cash & Bank Balances |
14.175
|
8.494 |
8.405 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
14.866
|
12.274 |
12.236 |
|
Total
Current Assets |
96.382
|
71.110 |
69.801 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
3.235
|
2.457 |
0.677 |
|
|
Other Current Liabilities |
12.359
|
6.160 |
9.013 |
|
|
Provisions |
7.500
|
6.800 |
5.631 |
|
Total
Current Liabilities |
23.094
|
15.417 |
15.321 |
|
|
Net Current Assets |
73.288
|
55.693 |
54.480 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
137.498 |
126.530 |
126.865 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
312.731 |
237.014 |
213.414 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
283.478 |
209.216 |
193.706 |
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
283.478 |
209.216 |
193.706 |
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
29.253 |
27.798 |
19.708 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
8.322 |
9.369 |
9.785 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX |
20.931 |
18.429 |
9.923 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
7.065 |
6.019 |
3.576 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX |
13.866 |
12.410 |
6.347 |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
200.84 |
179.75 |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
4.43
|
5.23 |
2.97 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
13.03
|
13.03 |
6.98 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.16
|
0.15 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
0.19
|
0.17 |
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.17
|
4.61 |
4.55 |
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 |
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 |
No |
|
17] |
Major suppliers |
Yes |
|
18] |
Major customers |
Yes |
|
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] |
PAN of Proprietor/Partner/Director, if available |
No |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U18101PB1991PTC011156 |
|
Name of the
company |
MINIKING
KNITWEARS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Bhadurke Road, Ludhiana-141008, Punjab, India |
|
Type of charge |
Immovable
Property Others |
|
Particular of
charge holder |
Small Industries Development Bank of India, Fortune Chambers, First Floor,
SCO 16-17, Feroze Gandhi Market, Opposite Ludhiana Stock Exchange,
Ludhiana-141001, Punjab, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
1. Deed Of
Guarantee 2. Letter Of
Intent For Rupee Term Loan Under DCS 3. Declaration
and Undertaking 1 4. Declaration
and Undertaking 2 5. Declaration
and Undertaking 3 |
|
Date of
instrument Creating the charge |
03.02.2012 |
|
Amount secured by
the charge |
Rs.7.500 Millions
|
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 0.50% below the
SIDBI Prime Lending Rate i.e. 12.25% p.a. Terms of
Repayment Repayable in 60
installment after a moratorium period of 6 months Margin As per bank
rules. Extent and
Operation of the charge The properties on
which Equitable Mortgage is being created are already mortgaged by way of
deposit of title deeds with SIDBI to secure the following Term Loans sanctioned
to Miniking Knitwears Private Limited :- 1. Term Loan of Rs. 5.000 Millions Dated
24/03/2004 2. Term Loan of
Rs. 2.000 Millions Dated 07/09/2006 3. Term Loan of
Rs. 5.000 Millions Dated 21/09/2006 4. Term Loan of
Rs. 1.220 Millions Dated 03/03/2007 5. Term Loan of
Rs. 4.000 Millions Dated 25/07/2008 6. Term Loan of
Rs. 3.500 Millions Dated 15/10/2009 |
|
Short particulars
of the property charged |
Corporate
guarantee given by the company to SIDBI for providing Term Loan of Rs. 7.500
Millions to M/s Innovative Prints a partnership firm in which directors are
substantially interested. Company creates
Extension of EM in favour of SIDBI on the following properties to secure the
due repayment and discharge by M/S Innovative Prints for its Term loan of Rs.
7.500 Millions. Extension of EM
of immovable property measuring 1 Kanal and 18 Marlas, in Khata Nos.
1113/1256, Khasra nos. 15/21 situated at Mouja Taraf Karabara, District Ldh
as per sale deed wasika no 8533 Dated 06/09/2000 Extension of EM of
immovable property measuring 3 Kanal and 4 Marlas, in Khata nos 1112/1255,
Khasra nos. 14/25 situated at Mouja Taraf Karabara, District Ldh as per sale
deed wasika no 21687 Dated 16/12/1999 Extension of EM
of immovable property measuring 8 Marlas, in Khata Nos. 1109/1252, Khasra
nos. 19//5-26 situated at Mouja Taraf Karabara, District Ldh as per sale deed
wasika no. 4481 Dated 06/06/2002 |
FIXED ASSETS:
- Air
Conditioners
- Building
- Camera
- Computer
- Cooler
- Crates
- Electric
Control Panel
- Fans
- Fax Machines
- Fire Fighting
Equipments
- Furniture and
Fixtures
- Land
- Mobile Phone
- Motor Cycle
- Plant and
Machinery
- Refrigerator
- Television
- Water Cooler
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.55.51 |
|
|
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.69.15 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
48 |
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.