MIRA
INFORM REPORT
|
Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
S. N. TRADELINK PRIVATE LIMITED |
|
|
|
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Registered
Office : |
3010, Momai Complex, Outside Sahara Darwaja, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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|
Date of
Incorporation : |
07.07.2006 |
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|
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Com. Reg. No.: |
04-048648 |
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|
Capital
Investment / Paid-up Capital : |
Rs.13.974
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U10200GJ2006PTC048648 |
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|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS06662F |
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PAN No.: [Permanent Account No.] |
AAKCS0060R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Trader of Coal. |
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|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (45) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 422000 |
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|
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|
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. 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.
INFORMATION PARTED BY
|
Name : |
Mr. Shailesh Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9825811118 |
|
Date : |
06.06.2012 |
LOCATIONS
|
Registered Office : |
3010, Momai Complex, Outside Sahara Darwaja, |
|
Tel. No.: |
91-261-2325978 |
|
Mobile No.: |
91-9825811118 (Mr. Shailesh Agarwal) |
|
Fax No.: |
91-261-2342674 |
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E-Mail : |
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|
Website : |
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|
Location : |
Owned |
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|
|
|
Factory : |
Opposite Suhag Mill, |
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|
|
|
Godown : |
Survey No.78, Suidank, Vadodara, |
DIRECTORS
As on 30.09.2011
|
Name : |
Mr. Navinchandra Suratwala |
|
Designation : |
Director |
|
Address : |
1, Modheshwari Co-operative Society, Near Maher Nagar, |
|
Date of Birth/Age : |
14.03.1955 |
|
Date of Appointment : |
07.07.2006 |
|
DIN No.: |
00162741 |
|
|
|
|
Name : |
Mr. Shailesh Sanjjankumar Agarwal |
|
Designation : |
Director |
|
Address : |
34, Maa Ambe Kripa Society, Opposite Kapadia Health Club, |
|
Date of Birth/Age : |
26.12.1987 |
|
Date of Appointment : |
07.07.2006 |
|
DIN No.: |
00162753 |
|
|
|
|
Name : |
Mr. Sanjjankumar Suganchand Agarwal |
|
Designation : |
Director |
|
Address : |
34, Maa Ambe Kripa Society, Opposite Kapadia Health Club, |
|
Date of Birth/Age : |
14.08.1954 |
|
Date of Appointment : |
07.07.2006 |
|
DIN No.: |
00162818 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Sajjankumar Agarwal |
|
654500 |
|
Navinchandra Suratwala |
|
5000 |
|
Shailesh Agarwal |
|
12600 |
|
Sajjankumar S. Agarwal (HUF) |
|
588160 |
|
Sanjay Mittal |
|
2000 |
|
Vishnu Mittal |
|
2000 |
|
Ansuiyaben Suratwala |
|
7000 |
|
Navinchandra Suratwala (HUF) |
|
100 |
|
Saroj Agarwal |
|
1000 |
|
Adarsh Filaments Private Limited, |
|
5000 |
|
Hitesh Agarwal |
|
91000 |
|
Sushilkumar R. Agarwal (HUF) |
|
29000 |
|
Babitadevi Mundhra |
|
5 |
|
|
|
5 |
|
Ankit Pramod Saraogi |
|
5 |
|
Lalita Vinod Bhattar |
|
5 |
|
Murlimanohar Taparia |
|
5 |
|
S.N. Chandak and Sons HUF |
|
5 |
|
Kantadevi Mohata |
|
5 |
|
Indra Gopal Jajoo |
|
5 |
|
Total |
|
1397400 |
As on 29.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Sudarshan Enterprises, |
|
4 |
|
Total |
|
4 |
As on 03.02.2012
|
Names of Allottees |
|
No. of Shares |
|
Ajit Gopalbhai Shoni |
|
5 |
|
Chandresh Hareshbhai Sharma |
|
5 |
|
Jagdish Tulsibhai Surati |
|
5 |
|
Mitesh Lalabhai Gamit |
|
5 |
|
Shailesh Popatbhai Ram |
|
5 |
|
Bhagwati Ramniwas Jhanwar |
|
5 |
|
Durga Ramgopal Bang |
|
5 |
|
Ghishulal Mundhra HUF |
|
5 |
|
Laxmikant S. Gupta |
|
5 |
|
Moolchand Jethmal Mundhra |
|
5 |
|
Murlidhar Taparia and Sons |
|
5 |
|
Pawan Moondra |
|
5 |
|
Ramesh Shrikishan Taparia |
|
5 |
|
Ramgopal Banshilal
Bang |
|
5 |
|
Sitadevi Shrikishan Taparia |
|
5 |
|
Soni Silk |
|
5 |
|
Total |
|
80 |
As on 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
0.36 |
|
Directors
or relatives of directors |
|
99.64 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Coal. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Others Textiles v
Aishwarya
Group – v
Baroda
Textile Effects Limited-Padra, v
Bombay
Rayon Fashions Limited – Tarapur, Mumbai v
Donear
Industries Limited- v
Jay
Santoshi Group – v
Kriplon
Synthetics Limited- Tarapur, Mumbai v
Krishna
Terine Group – v
Luthra
Dyeing and Printing Mills- Surat v
Madhusudan
Group- v
Mafatlal
Group - v
Manohar
Processors Limited-Tarapur, Mumbai v
Mudra
Lifestyle Limited-Tarapur, Mumbai v
Paras
Group-Surat v
Prafful
Group of Industries-Surat v
Rani
Sati Group – v
Siddhi
Vinayak Group – v
Sumit
Group of Industries- Surat v
Vardhaman
Group – Steel v
Vaishnav
ISPAT Industries Limited-Tarapur,Mumbai v
Kunal
ISPAT Industries Limited- Tarapur, Mumbai v
Viraj
Steel Limited-Tarapur, Mumbai Paper v
J.K
Paper Limited–Songadh v
Sohil
Paper and packaging Private Limited-Valod v
Shree
Ajit Pulp and Paper limited-Vapi v
R J
Paper Private Limited –Vapi v
Reliable
Group-Vapi Colors and Chemicals v
Gujarat
Fluorochemicals Limited-Dahej v
Colortex
Industries Limited – v
Nova
Petrochemicals Limited-Ahmedabad v
Kadillac
Chemicals Private Limited –Vapi v
Ambica
Petroleum and Charcoal Limited- Morbi v
Specturm
Dychem Private Limited- v
Organic
industries Limited Ceramics v
Sogo
Ceramics Private Limited –Morbi v
Savio
ceramics Private Limited-Morbi v
Nova
Petrochemicals Limited-Ahmedabad v
Bell ceramic
Limited- Morbi v
Decolight
Ceramics Private Limited–Morbi Others v
Nirma
Limited –Ahmedabad v
Hindalco
Industries Limited –Dahej v
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No. of Employees : |
100 (Approximately) |
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Bankers : |
v
Bank of v
Axis Bank Limited v
Kotak Mahindra Bank v
HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
G.S.V. and Company Chartered Accountants |
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Address : |
110, "Financial Super Market", 1st Floor, 21st
Century, |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFG4749P |
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Associates/Subsidiaries : |
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CAPITAL STRUCTURE
After 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1397484 |
Equity Shares |
Rs.10/- each |
Rs.13.975
Millions |
|
|
|
|
|
As on 30.09.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1397400 |
Equity Shares |
Rs.10/- each |
Rs.13.974
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 |
13.974 |
13.974 |
13.974 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
91.574 |
75.516 |
70.143 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
105.548 |
89.490 |
84.117 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
35.804 |
23.011 |
53.088 |
|
|
2] Unsecured Loans |
6.418 |
3.423 |
11.373 |
|
|
TOTAL BORROWING |
42.222 |
26.434 |
64.461 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
147.770 |
115.924 |
148.578 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
9.986 |
12.293 |
17.541 |
|
|
Capital work-in-progress |
0.182 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.050 |
0.050 |
0.050 |
|
|
DEFERRED TAX ASSETS |
1.022 |
0.791 |
0.368 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
71.577
|
3.577
|
17.939 |
|
|
Sundry Debtors |
272.562
|
147.621
|
215.206 |
|
|
Cash & Bank Balances |
38.762
|
4.684
|
18.554 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
44.700
|
18.837
|
71.532 |
|
Total
Current Assets |
427.601
|
174.719 |
323.231 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
134.618
|
65.823 |
166.972 |
|
|
Other Current Liabilities |
148.076
|
5.374
|
13.118 |
|
|
Provisions |
8.535
|
0.921
|
12.743 |
|
Total
Current Liabilities |
291.229
|
72.118
|
192.833 |
|
|
Net Current Assets |
136.372
|
102.601
|
130.398 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.158 |
0.189 |
0.221 |
|
|
|
|
|
|
|
|
TOTAL |
147.770 |
115.924 |
148.578 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1429.878 |
735.783 |
1278.935 |
|
|
|
Other Income |
8.499 |
15.309 |
21.616 |
|
|
|
TOTAL (A) |
1438.377 |
751.092 |
1300.551 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
733.174 |
1254.821 |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1390.607 |
733.174 |
1254.821 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
47.770 |
17.918 |
45.730 |
|
|
|
|
|
|
|
|
|
Less |
INTEREST (D) |
19.669 |
4.541 |
6.631 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
28.101 |
13.377 |
39.099 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
3.674 |
5.356 |
6.297 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
24.427 |
8.021 |
32.802 |
|
|
|
|
|
|
|
|
|
|
TAX (H) |
8.766 |
2.973 |
11.361 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
16.123 |
5.471 |
21.441 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’
BALANCE BROUGHT FORWARD |
39.387 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
55.510 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
11.54 |
3.92 |
15.34 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
1830.000 |
|
|
|
|
|
The above information has been parted by Mr. Shailesh Agarwal
(Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.12 |
0.73
|
1.65 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.71 |
1.09
|
2.56 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.58 |
4.29
|
9.63 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.23 |
0.09
|
0.39 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.16 |
1.10
|
3.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.47 |
2.42
|
1.68 |
LOCAL AGENCY FURTHER INFORMATION
Details of Sundry Creditors:
|
Particulars |
31.03.2011 (Rs.
in millions) |
31.03.2010 (Rs.
in millions) |
31.03.2009 (Rs.
in millions) |
|
Sundry Creditors
|
|
|
|
|
- Creditors due small micro enterprises |
134.618 |
65.823 |
166.972 |
|
- Creditors due others |
0.000 |
0.000 |
0.000 |
|
Total |
134.618 |
65.823 |
166.972 |
Sundry Creditors
(Partial Details)
|
Particulars
|
31.03.2010 (Rs.
in millions) |
31.03.2009 (Rs.
in millions) |
|
Sundry Creditors |
|
|
|
Agarwal Coal Corporation Private Limited |
7.917 |
14.574 |
|
Anik Industries Limited |
1.921 |
5.510 |
|
Associated Transport
Company |
0.162 |
0.000 |
|
Shubham Traders |
0.072 |
0.072 |
|
Mahavir Global Coal
Private Limited |
0.000 |
1.382 |
|
Bhatia International
Limited |
35.759 |
71.652 |
|
BGH Exim Limited |
0.000 |
0.684 |
|
Ganpatii Energy Private
Limited |
0.118 |
0.000 |
|
Shree Tirupati Traders |
0.000 |
0.118 |
|
Diya Trading Company |
0.000 |
0.035 |
|
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 |
No |
|
15) Capital in
the business |
Yes |
|
16) Details of
sister concerns |
Yes |
|
17) Major
suppliers |
No |
|
18) Major
customers |
Yes |
|
19) Payments
terms |
Yes |
|
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 |
Bankers Charges Report
as per Registry
|
Corporate
identity number of the company |
U10200GJ2006PTC048648 |
|
Name of the
company |
S. N. TRADELINK PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
3010, Momai Complex, Outside Sahara Darwaja, E-Mail: roc@gsv.co.in |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10158223 |
|
Type of charge |
Book Debts Movable Property
(not being pledge) Floating Charge |
|
Particular of
charge holder |
Bank of E-Mail: bposinghvi@yahoo.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
composite agreement of hypothecation of goods, book-debts, moveable machinery
and vehicles dated 17.08.2011. |
|
Date of
instrument Creating the charge |
17.08.2011 |
|
Amount secured by
the charge |
Rs.285.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: Cash Credit: 3.50%
over BPLR i.e. 14.25% p.a. at present (1.50% concession) Terms of
Repayment: 12 months subject
to repayment on demand/ annual review Margin: Cash Credit : 30%
on the stocks, 35% on the book-debts Extent and
Operation of the charge: Charge will be continuing
on the securities provided on loan amount. |
|
Short particulars
of the property charged |
CC-Hypothecation
of entire chargeable current assets (present and future) of the company
including stocks of raw materials, stock in process, finished goods,
receivables, store, spares, consumable, etc. |
|
Particulars of
the present modification |
Before: Cash Credit: 50.000 millions Letter of Credit
: 150.000 millions Total: 200.000 millions After Cash Credit
: 85.000 millions Letter of Credit:
200.000 millions Total: 285.000 millions |
FIXED ASSETS:
v Shed
v Machinery
v Furniture and Fixture
v Computer
v 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 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.55.50 |
|
|
1 |
Rs.85.58 |
|
Euro |
1 |
Rs.69.30 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
SMN |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
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.