x
|
Report Date : |
14.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
SONATA FINANCE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
125B/6B, Pt. Madan Mohan Malviya Road, George Town, Allahabad-211002,
Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.12.2011 |
|
|
|
|
Date of
Incorporation : |
06.04.1995 |
|
|
|
|
Com. Reg. No.: |
20-035286 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.83.407
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U65921UP1995PTC035286 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Subject operates a micro-finance company in India. |
|
|
|
|
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 1600000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
LOCATIONS
|
Registered Office : |
125B/6B, Pt. Madan Mohan Malviya Road, George Town, Allahabad-211002,
Uttar Pradesh, India |
|
Tel. No.: |
91-532-6540311/326 |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 23.09.2011
|
Name : |
Mr. Anup Kumar Singh |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Managing Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
1/1A, Rai Bahadur Ram Charan Das Road, Allahabad-211002, Uttar
Pradesh, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
11.03.1972 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.07.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
00173413 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Name : |
Mr. Vishal Bharat |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
BE/2c, Minirka DDA Flats, New Delhi-110067, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
12.09.1969 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
02.07.2009 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Din No.: |
02610428 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
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||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Geeta Dutta Goel |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Nominee Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
C-8/8372, Vasant Kunj, New Delhi-110070, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.06.1968 |
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|
Date of Appointment : |
12.01.2010 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
02277155 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Mr. Anal Kumar Jain |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
12, 3A Cross, Domlur Second Stage, Bangalore-560071, Karnataka, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
26.06.1949 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.09.2011 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
01239653 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Name : |
Ms. Chandni Gupta Ohri |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Designation : |
Director |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Address : |
Apartment 402, Tower 12, Close South, Nirvana Country, Sector 50,
Gurgaon-122002, Haryana, India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Birth/Age : |
01.11.1986 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Date of Appointment : |
23.09.2011 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Din No.: |
03613229 |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Other Directorship:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
KEY EXECUTIVES
|
Name : |
Ms. Shalini Baghel |
|
Designation : |
Company Secretary |
|
Address : |
B. No. 59, Nand Plaza, Sadar Bazar, Gwalior Road, Agra-282001, Uttar
Pradesh, India |
|
Date of Birth/Age : |
15.01.1988 |
|
Date of Appointment : |
13.09.2010 |
|
Pan No.: |
ARKPB8185C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 23.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Anup Kumar Singh |
|
638950 |
|
Bellwether Microfinance Trust, India |
|
2728257 |
|
Bellwether Microfinance Fund Private Limited, India |
|
466850 |
|
Swaminathan Aiyer |
|
395000 |
|
Sonata Employee Welfare Trust, India |
|
1250000 |
|
India Financial Inclusion Fund, Mauritius |
|
2000000 |
|
Michael and Susan Dell Foundation, Austin, Texas |
|
861638 |
|
|
|
|
|
Total |
|
8340695 |
AS ON 23.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
|
39.90 |
|
Bodies
corporate |
|
47.70 |
|
Directors
or relatives of directors |
|
7.66 |
|
Other
top fifty shareholders |
|
4.74 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject operates a micro-finance company in India. |
GENERAL INFORMATION
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House, Senapati
Bapat Marg, Lower Parel (West), Mumbai-400013, Maharashtra, India ·
HDFC Bank ·
Axis Bank ·
ABN Amro Bank ·
Small Industries Development Bank of India ·
Yes Bank ·
Central Bank of India ·
IndusInd Bank ·
Corporation Bank ·
Union Bank of India |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Financial Institution: |
·
MV Microfin Private Limited, 1327/1, 13th
Cross, Indiranagar Second Stage, Bangalore-560038, Karnataka, India ·
IFMR Capital Finance Private Limited, No. 1,
Kanagam Village, 10th Floor,
IITM Research Park, Taramani, Chennai-600113, Tamilnadu, India |
|
|
|
|
Auditors : |
|
|
Name : |
Vinay Kumar and Company Chartered Accountants |
|
Address : |
5, Sardar Patel Marg, Civil Lines, Allahabad-211001, Uttar Pradesh,
India |
|
Pan No.: |
ADOPK2745F |
CAPITAL STRUCTURE
AS ON 31.12.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
5000000 |
Preferences Shares |
Rs.10/- each |
Rs.50.000 Millions |
|
|
Total |
|
Rs.150.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
8340695 |
Equity Shares |
Rs.10/- each |
Rs.83.407
Millions |
NOTE: Of the above shares 1250000 shares are held by
Sonata Employee Welfare Trust.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.12.2011 [9th
Months] |
31.03.2011 [12th
Months] |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
83.407 |
83.407 |
83.407 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
324.525 |
279.600 |
232.214 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
407.932 |
363.007 |
315.621 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
431.375 |
686.268 |
440.714 |
|
|
2] Unsecured Loans |
20.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
451.375 |
686.268 |
440.714 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
859.307 |
1049.275 |
756.335 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.083 |
8.201 |
6.160 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
14.054 |
31.809 |
108.432 |
|
|
DEFERREX TAX ASSETS |
0.972 |
1.064 |
1.289 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Cash and Bank Balances |
318.702
|
280.995 |
127.955 |
|
|
Owned Loan portfolio in SHG |
469.114
|
720.900 |
497.288 |
|
|
Individual Loan 43.043 |
43.043
|
20.032 |
1.709 |
|
|
Cycle Loan |
0.100
|
0.000 |
0.000 |
|
|
ACS Loan |
0.057
|
0.000 |
0.000 |
|
|
Advances and Other Current Assets |
75.549
|
30.220 |
27.533 |
|
Total
Current Assets |
906.565
|
1052.147 |
654.485 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors and Other Current Liabilities |
17.893
|
18.868 |
10.459 |
|
|
Provisions |
51.626
|
25.427 |
4.182 |
|
Total
Current Liabilities |
69.519
|
44.295 |
14.641 |
|
|
Net Current Assets |
837.046
|
1007.852 |
639.844 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.152 |
0.349 |
0.610 |
|
|
|
|
|
|
|
|
TOTAL |
859.307 |
1049.275 |
756.335 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.12.2011 [9th
Months] |
31.03.2011 [12th
Months] |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Interest From Micro Credit Loans |
191.174 |
235.715 |
|
|
|
|
Processing Fees |
10.899 |
13.721 |
|
|
|
|
Interest on Fixed Deposits |
5.261 |
3.824 |
145.066 |
|
|
|
Income From Portfolio Sale |
13.603 |
4.708 |
|
|
|
|
Other Income |
5.975 |
6.997 |
|
|
|
|
TOTAL (A) |
226.912 |
264.965 |
145.066 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Salaries, Benefits to Personnel |
59.242 |
79.749 |
|
|
|
|
Administrative Expenses |
21.925 |
23.009 |
|
|
|
|
Provision For Doubtful Debts |
5.437 |
0.611 |
82.137 |
|
|
|
Bad Loan Written Off |
1.272 |
3.497 |
|
|
|
|
Business Infrastructure Acquisition Expenses Written Off |
0.196 |
0.262 |
|
|
|
|
TOTAL (B) |
88.072 |
107.128 |
82.137 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
138.840 |
157.837 |
62.929 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
66.065 |
82.571 |
50.221 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
72.775 |
75.266 |
12.708 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
1.560 |
2.227 |
1.536 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
71.215 |
73.039 |
11.172 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
26.290 |
25.653 |
4.481 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
44.925 |
47.386 |
6.691 |
|
|
|
|
|
|
|
|
|
Less |
Reserve Fund @
20% |
9.003 |
9.522 |
NA |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
56.756 |
18.892 |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
92.678 |
56.756 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.39 |
5.68 |
0.80 |
|
KEY RATIOS
|
PARTICULARS |
|
31.12.2011 [9th
Months] |
31.03.2011 [12th
Months] |
31.03.2010 |
|
PAT / Total
Income |
(%) |
19.80
|
17.88 |
4.61 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
31.38
|
27.57 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.79
|
6.89 |
1.69 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.17
|
0.20 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
1.28
|
2.01 |
1.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
13.04
|
23.75 |
44.70 |
LOCAL AGENCY FURTHER INFORMATION
NOTE:
The registered office of the company has been shifted from 1/1A, Rai Bahadur Ram Charan Das Road, Balrampur House, Allahabad-211002, Uttar Pradesh, India to the present address w.e.f. 16.08.2011.
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Creation of
charge |
|
Corporate
identity number of the company |
U65921UP1995PTC035286 |
|
Name of the
company |
SONATA FINANCE
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
125B/6B, Pt. Madan Mohan Malviya Road, George Town, Allahabad-211002,
Uttar Pradesh, India |
|
Type of charge |
Book Debts |
|
Particular of
charge holder |
IFMR Capital Finance Private Limited, No. 1, Kanagam Village, 10th
Floor, IITM Research Park, Taramani, Chennai-600113,
Tamilnadu, India |
|
Email |
|
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation and Facility Agreement. |
|
Date of
instrument Creating the charge |
28.12.2011 |
|
Amount secured by
the charge |
Rs.30.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Rate of Interest
@ 15.30% p.a. Terms of
Repayment The Company shall
pay accrued interest on the facility on a monthly basis along with the
Principal over 24 months. First due date of repayment starting after one
month of first Disbursement Date i.e. January 30, 2012 and shall mature on 30
December 2013. Extent and
Operation of the charge The Term Loan
Facility of Rs. 30.000 Millions granted by Lender to the Company to originate
joint-liability group micro-loans and the Facility has First and Exclusive
Charge over unencumbered Receivables of the Company. |
|
Short particulars
of the property charged |
First and
Exclusive Charge over the unencumbered Receivables (Hypothecated property). Cash Collateral
equal to 10% of the Initial Facility i.e. Rs. 3.000 Millions shall be in form
of fixed deposits in the name of Lender. |
FIXED ASSETS:
·
Furniture and Fixture
·
Electrical Fittings
·
Computers
·
Office Equipments
·
Vehicles
·
Computer 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 records 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.49.32 |
|
|
1 |
Rs.77.84 |
|
Euro |
1 |
Rs.65.35 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--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 |
|
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.