MIRA INFORM REPORT
|
Report Date : |
17.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
RAJ AMAR SUGAR CHAINS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Industrial Area-C, Village Kanganwal, Near Texla Plastic, Ludhiana –
141120, Punjab |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.05.1992 |
|
|
|
|
Com. Reg. No.: |
16- 012303 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.153
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U15421PB1992PTC012303 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JLDR01386A / JLDR00741G / JLDR00766D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAACR8051K |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Elevator chains, Redler Chains etc. |
|
|
|
|
No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (43) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 81000 |
|
|
|
|
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 – 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 |
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 |
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. Manish Shah |
|
Designation : |
Chief Executive Officer |
|
Contact No.: |
91-9872664820 |
|
Date : |
15.10.2012 |
LOCATIONS
|
Registered Office/ Factory : |
Industrial Area-C, Village Kanganwal, Near Texla Plastic, Ludhiana –
141120, Punjab, India |
|
Tel. No.: |
91-161-2674378/ 2677499 |
|
Fax No.: |
91-161-2674378/ 2678890 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
50000 Sq. ft. |
|
Location : |
Owned |
|
|
|
|
Postal Office : |
E-583, Phase-VII, Focal Point, Ludhiana - 141010, Punjab, India |
|
Mobile No.: |
91-9417043289 [Mr. Amar] |
|
Location : |
Owned |
DIRECTORS
AS ON 31.08.2011
|
Name : |
Mr. Amar Chand Jain |
|
Designation : |
Director |
|
Address : |
B-X-526, Iqbal Ganj, Ludhiana - 141010, Punjab, India |
|
Date of Birth/Age : |
31.05.1957 |
|
Date of Appointment : |
20.05.1992 |
|
DIN No.: |
01036084 |
|
|
|
|
Name : |
Mr. Anil Kumar |
|
Designation : |
Director |
|
Address : |
B-X-526, Iqbal Ganj, |
|
Date of Birth/Age : |
18.01.1959 |
|
Date of Appointment : |
20.05.1992 |
|
DIN No.: |
01051462 |
|
|
|
|
Name : |
Mr. Sandesh Jain |
|
Designation : |
Director |
|
Address : |
B-X-526, Iqbal Ganj, |
|
Date of Birth/Age : |
28.03.1959 |
|
Date of Appointment : |
20.05.1992 |
|
DIN No.: |
00829540 |
|
|
|
|
Name : |
Mrs. Sangeeta Jain |
|
Designation : |
Director |
|
Address : |
B-X-526, Iqbal Ganj, |
|
Date of Birth/Age : |
12.01.1963 |
|
Date of Appointment : |
20.05.1992 |
|
DIN No.: |
00829549 |
KEY EXECUTIVES
|
Name : |
Mr. Manish Shah |
|
Designation : |
Chief Executive Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 31.08.2011
|
Names of Shareholders |
|
No. of Shares |
|
Amar Chand Jain |
|
41250 |
|
Anil Kumar Jain |
|
51250 |
|
Sandesh Jain |
|
50500 |
|
Sangeeta Jain |
|
48500 |
|
Munish Jain |
|
25000 |
|
Priya Darsha Jain |
|
17000 |
|
Gurcharan Dass |
|
3000 |
|
Naresh Kumar |
|
1500 |
|
Anju Jindal |
|
1000 |
|
Amrawati Jain |
|
20500 |
|
Upma Jain |
|
16500 |
|
Shama Jain |
|
14000 |
|
Surbala Jain |
|
16500 |
|
Dev Kumar |
|
1500 |
|
Ashok Kumar Jindal |
|
1900 |
|
Madhu Jain |
|
400 |
|
Amar Chand Jain and Sons |
|
500 |
|
Anil Kumar Jain and Sons |
|
500 |
|
Sushree Securities Private Limited, |
|
96500 |
|
Puneet Jain |
|
6250 |
|
Jagdish Kaur |
|
1250 |
|
Total |
|
415300 |
AS ON 31.08.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
72.81 |
|
Others
|
|
27.19 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Elevator chains, Redler Chains etc. |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
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|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
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No. of Employees : |
100 (Approximately) |
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Bankers : |
Ø State Bank of
India, Ludhiana, Punjab, India Ø The Bank of Rajasthan
Limited, G.T. Road, Miller Ganj, Ludhiana - 141003, Punjab, India Ø ICICI Bank
Limited |
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Facilities : |
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|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Garg S. Kumar and Company Chartered Accountants |
|
Address : |
SCO 14 1st Floor Jandu Towers, Miller Ganj, Ludhiana – 141123, Punjab,
India |
|
Tel. No.: |
91-161-2542464 |
|
Mobile No.: |
91-9417221070 |
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E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AAAFG9741Q |
CAPITAL STRUCTURE
AFTER 31.08.2011
Authorised Capital : Rs.
5.000 Millions
Issued, Subscribed & Paid-up Capital : Rs. 4.553
Millions
AS ON 31.08.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
415,300 |
Equity Shares |
Rs.10/- each |
Rs. 4.153
Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500,000 |
Equity Shares |
Rs. 10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
315,300 |
Equity Shares |
Rs.10/- each |
Rs. 3.153
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 |
3.153 |
2.403 |
2.403 |
|
|
2] Share Application Money |
5.000 |
3.000 |
3.000 |
|
|
3] Reserves & Surplus |
12.257 |
7.552 |
7.085 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
20.410 |
12.955 |
12.488 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
20.604 |
15.095 |
7.284 |
|
|
2] Unsecured Loans |
10.437 |
11.247 |
8.388 |
|
|
TOTAL BORROWING |
31.041 |
26.342 |
15.672 |
|
|
DEFERRED TAX LIABILITIES |
0.133 |
0.072 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
51.584 |
39.369 |
28.160 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
26.418 |
16.180 |
5.941 |
|
|
Capital work-in-progress |
0.000 |
1.163 |
2.674 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.064 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
10.082
|
15.408
|
17.703 |
|
|
Sundry Debtors |
18.261
|
12.654
|
13.189 |
|
|
Cash & Bank Balances |
1.358
|
0.094
|
0.117 |
|
|
Other Current Assets |
0.000
|
0.000
|
0.000 |
|
|
Loans & Advances |
7.046
|
9.474
|
3.814 |
|
Total
Current Assets |
36.747
|
37.630
|
34.823 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
5.676
|
7.380
|
8.519 |
|
|
Other Current Liabilities |
5.879
|
8.210
|
6.709 |
|
|
Provisions |
0.082
|
0.078
|
0.186 |
|
Total
Current Liabilities |
11.637
|
15.668
|
15.414 |
|
|
Net Current Assets |
25.110
|
21.962
|
19.409 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.056 |
0.064 |
0.072 |
|
|
|
|
|
|
|
|
TOTAL |
51.584 |
39.369 |
28.160 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
95.321 |
60.330 |
58.065 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
89.565 |
58.736 |
56.604 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
5.756 |
1.594 |
1.461 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
3.158 |
0.912 |
0.947 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
2.598 |
0.682 |
0.514 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.143 |
0.214 |
0.158 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
2.455 |
0.468 |
0.356 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
3.076 |
2.608 |
2.251 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
5.530 |
3.076 |
2.607 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
7.79 |
1.95 |
1.48 |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
100.000 |
|
|
|
|
|
Expected Sales ( 2012-2013 ) : Rs. 120.000 Millions
The above information has been parted by Mr. Manish Shah (Chief
Executive Officer)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
2.58 |
0.78
|
0.61 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.11 |
1.27
|
1.26 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.13 |
0.05
|
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
2.09 |
3.24
|
2.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.16 |
2.40
|
2.26 |
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 |
Yes |
|
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
|
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 |
Note: The registered
address of the company has been shifted from E- 583, Phase- VII Focal Point,
Ludhiana – 141010, Punjab, India to the present w.e.f.21.05.2012
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U15421PB1992PTC012303 |
|
Name of the
company |
RAJ AMAR SUGAR
CHAINS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
E- 583, Phase- VII Focal Point, Ludhiana – 141010, Punjab, India Email: gargs.kumar@yahoo.co.in
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10193193 |
|
Type of charge |
Immovable
Property Book Debts Movable Property |
|
Particular of
charge holder |
State Bank of Email: s_gupta@sify.com |
|
Nature of
description of the instrument creating or modifying the charge |
Copy of Board
Resolution Letter of
Arrangement (SME-1) Supplemental
Agreement of Loan cum Hypothecation (SME-2) Letter of
undertaking not to create any further charge |
|
Date of instrument
Creating the charge |
15.12.2011 |
|
Amount secured by
the charge |
Rs. 48.200
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest On cash credit
limits 6% above base rate present effective 16% On fresh term
loan 6.50% above base rate present effective 16.50% Terms of Repayment Working capital
repayable on demand. Existing term
loan repayable as per existing repayment schedule. Fresh term loan of
Rs. 5.700 Millions repayable in 84 monthly installments, out of which first
83 equal monthly installments of Rs.68000/- each and last installment of
Rs.56000/- started from April 2012. Margin On Stocks 25% On Book Debts 40% On Fresh Term
Loan 25.97% Extent and Operation of the charge 100% |
|
Short particulars
of the property charged |
Working
Capital:-First and exclusive charge by way of hypothecation of all current
assets, present and future, including raw material, work in progress,
finished goods lying in factory premises as well as in transit and book debts. Term Loan: 1st
charge on the entire fixed assets of the company, both present and future
including equitable mortgage of land and building measuring 1 Bigha 13 Biswa
6.66 Biswasi (5041.62 Sq.
yards) situated at Kanganwal, Ludhiana having realizable value of Rs.23.000
Millions as per valuation report dated 14.09.2009 by approved valuer Collateral
Security: i) Equitable Mortgage of Leasehold rights (PSIEC) of Factory land
and building measuring 1011 sq. yards at E-583, Phase VII, Focal Point,
Ludhiana in the name of the company. ii) Extension of
1st charge on the entire fixed assets of the company, both present and future
including equitable mortgage of land and building measuring 1 Bigha 13 Biswa
6.66 Biswasi (5041.62 Sq.
yards) situated at village Kanganwal, opposite texla TV Industry, Ludhiana
having realizable value of Rs.2.30 crores as per approved Valuer. |
|
Particulars of
the present modification |
Overall Limits
enhanced as under:- Cash Credit
(Hypothecation) Rs.13.000 Millions Cash Credit
(BD) Rs.14.000
Millions Term Loan
(Existing) Rs.15.500
Millions Term Loan
(Fresh) Rs.5.700
Millions Total Rs.48.200
Millions |
FIXED ASSETS:
Ø Building
Ø Car
Ø Computer
Ø Cycle
Ø Electric Transformer
Ø EPABX
Ø Fan
Ø Fire Extinguisher
Ø Freehold Land
Ø Furniture and Fixture
Ø Genset
Ø Land and Building
Ø Mobile Phone
Ø Photostate Machine
Ø Refrigerator
Ø Scooter
Ø Steel Rack
Ø Three Wheeler
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. 52.82 |
|
|
1 |
Rs. 84.96 |
|
Euro |
1 |
Rs. 68.61 |
INFORMATION DETAILS
|
Information Gathered
by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
|
43 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.