|
Report Date : |
03.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
SUPREME COT-SPIN MILLS ( |
|
|
|
|
Registered
Office : |
419/1A, 1C, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2010 |
|
|
|
|
Date of
Incorporation : |
24.01.2005 |
|
|
|
|
Com. Reg. No.: |
18-011544 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.49.971
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U17111TZ2005PTC011544 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Cotton Yarn. |
|
|
|
|
No. of Employees
: |
310 [In Office 60 and 250 In Factory] |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (13) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a part of the Supreme Group. It is an established company
having moderate track. There appears some delays by the subject in servicing
its debt. The management has failed to file its financials with the
government department since 2010. Mr. Arunachalam, Technical Director has provided general information
and denied to disclose financial details. However, business is active.
Payment terms are slow and delayed. The company can be considered for business dealings on a safe and
secured 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 |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
D [Cash Credit, Term Loan and Bank Guarantee] |
|
Rating Explanation |
Default |
|
Date |
14.10.2011 |
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.
INFORMATION PARTED BY
|
Name : |
Mr. Arunachalam |
|
Designation : |
Technical Director |
|
Contact No.: |
91-9585858502 |
|
Date : |
27.11.2012 |
LOCATIONS
|
Registered Office / Factory : |
419/1A, 1C, Vadugupalayam Road, Thekkalur Post Avanshi TK, District
Coimbatore-641654, Tamilnadu, India |
|
Tel. No.: |
91-4296-255501/255502/255663 |
|
Mobile No.: |
91-9585858502 [Mr. Arunachalam] |
|
Fax No.: |
91-4296-255503 |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2010
|
Name : |
Mr. Rakkiappagounder Gopalswamy |
|
Designation : |
Director |
|
Address : |
Rakkiappa Gounder, 133, Rayarpalayam No. 5, W. No. 18,
Karumathampatti, SPL (P), Coimbatore-641659, Tamilnadu, India |
|
Date of Birth/Age : |
12.04.1957 |
|
Date of Appointment : |
24.01.2005 |
|
Din No.: |
02177397 |
|
|
|
|
Name : |
G. Jegathambal |
|
Designation : |
Director |
|
Address : |
419, Vadugampalayam Road, Thekkalur, Avinashi, Coimbatore-641654,
Tamilnadu, India |
|
Date of Birth/Age : |
15.06.1971 |
|
Date of Appointment : |
24.01.2005 |
|
|
|
|
Name : |
Mr. A. Arunachalam |
|
Designation : |
Technical Director |
|
Address : |
Annamalai, 13/C-1, Vasantha Nagar, Singanallur, Coimbatore-641653,
Tamilnadu, India |
|
Date of Birth/Age : |
10.06.1954 |
|
Date of Appointment : |
02.06.2005 |
|
|
|
|
Name : |
Mr. Gurusamy Thiyakarajan |
|
Designation : |
Director |
|
Address : |
Gurusamy, Aruvamkattu Thottam, Pillaiyappan Palayam (PO),
Annur-641653, Tamilnadu, India |
|
Date of Birth/Age : |
10.03.1977 |
|
Date of Appointment : |
02.06.2005 |
|
Din No.: |
02177454 |
|
|
|
|
Name : |
Rayappan Muthusami |
|
Designation : |
Director |
|
Address : |
173, Vadukampalayam, W. No. 2, Palladam, Kittampalaya, (P), Coimbatore-641659,
Tamilnadu, India |
|
Date of Birth/Age : |
10.05.1961 |
|
Date of Appointment : |
02.06.2005 |
|
Din No.: |
02177413 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2010
|
Names of Shareholders |
|
No. of Shares |
|
Rakkiappagounder Gopalswamy |
|
1817500 |
|
Rayappan Muthusami |
|
500 |
|
Gurusamy Thiyakarajan |
|
500 |
AS ON 30.09.2010
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Cotton Yarn. |
|
|
|
|
Imports : |
|
|
Products : |
Fiber |
|
Countries : |
·
Thailand ·
Austria |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
PRODUCTION STATUS [AS ON 31.03.2010]
|
Licensed Capacity |
16800Spindles |
|
Installed Capacity |
16800Spindles |
|
Actual Production |
1165256.02 Kgs.
of Yarn |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
310 [In Office 60 and 250 In Factory] |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
State Bank of India, Commercial Branch, 1443,
Trichy Road, Coimbatore-641018, Tamilnadu, India ·
State Bank of Hyderabad |
|||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
T. Gnanasundaram Chartered Accountants |
|
Address : |
3rd Floor, Sri Krishna Corporation Building, 13 Mill Road,
Coimbatore-641001, Tamilnadu, India |
|
PAN No: |
ACRPG8980C |
CAPITAL STRUCTURE
AS ON 31.03.2010
Authorised 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 |
|
4997100 |
Equity Shares |
Rs.10/- each
|
Rs.49.971
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 |
49.971 |
49.971 |
49.971 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
11.750 |
8.736 |
10.103 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
61.721 |
58.707 |
60.074 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
249.202 |
253.107 |
248.474 |
|
|
2] Unsecured Loans |
21.855 |
20.015 |
19.510 |
|
|
TOTAL BORROWING |
271.057 |
273.122 |
267.984 |
|
|
DEFERRED TAX LIABILITIES |
6.948 |
3.173 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
339.726 |
335.002 |
328.058 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
183.019 |
205.323 |
205.830 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
20.592 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
1.841 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
87.399
|
55.023 |
53.158 |
|
|
Sundry Debtors |
79.754
|
71.363 |
49.685 |
|
|
Cash & Bank Balances |
9.519
|
9.668 |
1.311 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
23.500
|
27.159 |
40.061 |
|
Total
Current Assets |
200.172
|
163.213 |
144.215 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
37.822
|
30.795 |
40.508 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
5.643
|
2.781 |
3.996 |
|
Total
Current Liabilities |
43.465
|
33.576 |
44.504 |
|
|
Net Current Assets |
156.707
|
129.637 |
99.711 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.042 |
0.084 |
|
|
|
|
|
|
|
|
TOTAL |
339.726 |
335.002 |
328.058 |
|
PROFIT & LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
253.100 |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
55.239 |
52.429 |
53.968 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
22.598 |
24.144 |
29.369 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
32.641 |
28.285 |
24.599 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
24.503 |
24.182 |
22.438 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
8.138 |
4.103 |
2.161 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
5.124 |
5.469 |
(1.783) |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
3.014 |
(1.366) |
3.944 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
8.737 |
10.103 |
6.159 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
11.751 |
8.737 |
10.103 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
0.60 |
(0.27) |
-- |
|
|
Particulars |
|
|
31.03.2011 |
|
Sales Turnover [Approximately] |
|
|
309.100 |
|
|
|
|
|
|
Profit/Loss for the year |
|
|
6.800 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2010 |
31.03.2009 |
31.03.2008 |
|
PAT / Total Income |
(%) |
NA
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA |
0.85 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
2.12
|
1.11 |
0.62 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.07 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.10
|
5.22 |
5.20 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.61
|
4.86 |
3.24 |
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 two year |
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 |
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 |
No |
|
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 |
Yes |
PERFORMANCE:
The production of yarn during the year was
11652560.02 Kgs. In order to conserve more funds for the company. The directors
decide not to recommend any dividend for this year.
BANKERS CHARGES REPORT
AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
90009384 |
|
Corporate
identity number of the company |
U17111TZ2005PTC011544 |
|
Name of the
company |
SUPREME COT-SPIN MILLS
(INDIA) PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
419/1A, 1C, Vadugupalayam Road, Thekkalur Post Avanshi TK, District
Coimbatore-641654, Tamilnadu, India |
|
Type of charge |
Book Debts Movable Property
[not being pledge] Immovable
Property Others |
|
Particular of
charge holder |
State Bank of India, Commercial Branch, 1443, Trichy Road,
Coimbatore-641018, Tamilnadu, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
1. Supplemental
Agreement of Loan for increase in the overall limit 2. Supplemental Agreement
of Hypothecation of Goods and assets for increase in the overall limit 3. Letter
regarding the grant of individual limits within the overall limit 4. Memorandum of
Deposit for creation of charge 5. Memorandum of
Deposit for creation of further charge for overall limit |
|
Date of
instrument Creating the charge |
17.02.2012 |
|
Amount secured by
the charge |
Rs.388.100
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Working capital :
4.25% above Base Rate i.e. 14.25% p.a. Term Loan I,II, III and IV : 4.50%
above Base Rate i.e. 14.50% p.a. (in respect of limits sanctioned by SBI) Terms of Repayment Repayable on
demand. New Term Loans of Rs.41.000 Millions and Rs.5.900 Millions are
repayable in 84 monthly installments starting from 30th April 2013 after a
Moratorium period of 12 months. Margin Raw materials,
Stock in process, Finished goods, and LC 25% Term Loan -
33.33% Book
debts/Receivables with cover period of 60 days - Margin 40% Extent and Operation of the charge CC: First charge
on current assets on pari passu basis with other banks in MBA. Existing Term
Loans: First charge over the Fixed assets of the company including EM over
Factory land and Building on pari passu basis with other Banks in MBA. LC
(WC): Exclusive first charge on Current assets. BG (EPCG): Exclusive First
charge on Fixed Assets. New Term Loan: Exclusive First charge over entire
Project assets. Collateral: Pari passu II charge (i) on Fixed Assets for WC
limits (ii) on Current assets for TLs Others Total limits of
Rs.388.100 Millions consist of CC of Rs.92.500 Millions, Outstanding term
loans of Rs.97.900 Millions, New Term Loans Rs.46.900 Millions, LC of
Rs.30.000 Millions and BG Rs.11.400 Millions (totally Rs.278.700 Millions)
sanctioned by State Bank of India and CC Rs.32.500 Millions, Outstanding TL
of Rs.52.300 Millions and BG Rs.24.600 Millions (totally Rs.109.400 Millions)
sanctioned by State Bank of Hyderabad |
|
Short particulars
of the property charged |
Stock of raw
materials, stock in process, finished goods, capital goods, Book debts
and Plant and Machinery (both present and
future) and project assets Equitable
mortgage on immovable properties of the company in Thekkalur village,
Avanashi Sub-Registration District under SF No.381/1 (4.29 acres) and SF
No.381/2 (4.71 acres) with All rights of way
and other appurtenances Equitable
mortgage on immovable properties in Thekkalur village, Avinashi SRD, Avinashi
TK in SF No.382/1A admeasuring 3.30 acres (Exclusive charge to SBI) Equitable
mortgage on immovable properties in Thekkalur village, Avinashi SRD, Avinashi
TK in SF No.382/1B admeasuring 3.80 acres (Exclusive charge to SBI) |
|
Date of latest
modification prior to the present modification |
11.03.2011 |
|
Particulars of
the present modification |
Limits advanced
by State Bank of India have been increased from Rs.264.500 Millions to
Rs.278.700 Millions and Limits of SBH modified to Rs.109.400 Millions, total
limits modified to Rs.388.100 Millions. Charge on stock, book debts, plant
and machinery and on immovable properties in Thekkalur under SF No.381/1
(4.29 acres) and SF No.381/2 (4.71 acres) extended to secure Rs.388.100
Millions. Exclusive charge for SBI on immovable properties in Thekkalur
village under SF No.382/1A (3.30 acres) and 382/1B(3.80 acres) |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Furniture and Fittings
·
Office Equipments
·
Computer and 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 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.54.53 |
|
|
1 |
Rs.87.48 |
|
Euro |
1 |
Rs.70.89 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
1 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
|
13 |
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.