|
Report Date : |
10.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHRI KRISHNA PAPER CONE PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
E-50, Site ’A’, Industrial Area, Mathura-281004, Uttar Pradesh |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
07.04.2008 |
|
|
|
|
Com. Reg. No.: |
20-034955 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.080 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U21090UP2008PTC034955 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
AGRS14074E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AALCS8401M |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of paper cone used for the purpose of wrilling
of threads |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (41) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 9000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow But Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a company having satisfactory track. Financial position of
the company seems to be improving. It has recorded an increase in its sales turnover and profits during
2011. Trade relations are reported as fair. Business is active. Payments are
reported as slow but correct. The company can be considered 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) |
|
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 |
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 : |
E-50, Site ’A’, Industrial Area, Mathura-281004, Uttar Pradesh,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Ms. Rajni Sharma |
|
Designation : |
Director |
|
Address : |
E-37, Site ’A’, Industrial Area, Mathura-281004, Uttar Pradesh,
India |
|
Date of Birth/Age : |
11.07.1965 |
|
Date of Appointment : |
07.04.2008 |
|
DIN No.: |
02120948 |
|
|
|
|
Name : |
Mr. Vinod Kaushik |
|
Designation : |
Director |
|
Address : |
148, Patel Nagar, Maholi Road, Mathura-281004, Uttar Pradesh, India |
|
Date of Birth/Age : |
30.01.1969 |
|
Date of Appointment : |
07.04.2008 |
|
DIN No.: |
02104805 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
No. of Shares |
|
Rajni Sharma |
65000 |
|
Vinod Kaushik |
25000 |
|
Gaurav Sharma |
7500 |
|
Lek Raj Sharma |
7500 |
|
Ujjval Agarwal |
1000 |
|
Rajani Agaral |
1000 |
|
Manju Rani |
1000 |
|
TOTAL
|
108000 |
AS ON 30.09.2011
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
100.00 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of paper cone used for the purpose of wrilling
of threads |
GENERAL INFORMATION
|
Suppliers : |
·
Assam freight Carrier and Comm. Agent ·
Fed Ex Express Services Limited ·
Jay Pee Steels ·
Krishna Bardana Traders ·
Newel (Calcutta) Private Limited ·
Shakumbhari Straw Product Limited |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Customers : |
·
Indoworth India Limited ·
Jaya Shreee Textiles ·
Parasrampuria International ·
Pratibha Syntex Private Limited ·
Sanghi Spinners India Limited ·
Spintex Industries Limited ·
STI India Limited ·
Uniworth Limited |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank ·
Syndicate Bank, Maholi Road, Mathura-281004,
Uttar Pradesh, India |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Rajeev Agrawal Chartered Accountant |
|
Address : |
E-18, Madhav Puri, Maholi Road, Mathura-281004, Uttar Pradesh, India |
|
Mobile No.: |
91-9720311311 |
|
E-Mail : |
|
|
PAN No.: |
AJPPA3750K |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
150000 |
Equity Shares |
Rs.10/- each |
Rs. 1.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
108000 |
Equity Shares |
Rs.10/- each |
Rs. 1.080
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 |
1.080 |
1.080 |
0.780 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.186 |
0.455 |
0.187 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
2.266 |
1.535 |
0.967 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
3.816 |
1.133 |
0.000 |
|
|
2] Unsecured Loans |
6.654 |
4.710 |
3.607 |
|
|
TOTAL BORROWING |
10.470 |
5.843 |
3.607 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.736 |
7.378 |
4.574 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.686 |
1.153 |
0.568 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.559
|
1.245 |
2.811 |
|
|
Sundry Debtors |
7.632
|
5.825 |
3.400 |
|
|
Cash & Bank Balances |
0.532
|
0.358 |
0.288 |
|
|
Other Current Assets |
1.434
|
1.058 |
0.724 |
|
|
Loans & Advances |
0.000
|
0.000 |
0.000 |
|
Total
Current Assets |
14.157
|
8.486 |
7.223 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2.156
|
1.465 |
2.766 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
0.951
|
0.796 |
0.451 |
|
Total
Current Liabilities |
3.107
|
2.261 |
3.217 |
|
|
Net Current Assets |
11.050
|
6.225 |
4.006 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
12.736 |
7.378 |
4.574 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
42.331 |
31.071 |
12.332 |
|
|
|
Direct Income |
0.000 |
0.040 |
0.023 |
|
|
|
Other Income |
0.002 |
0.000 |
0.003 |
|
|
|
TOTAL (A) |
42.333 |
31.111 |
12.358 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
30.698 |
23.237 |
8.655 |
|
|
|
Consumable Expenses |
0.569 |
0.000 |
0.000 |
|
|
|
UP Entry Tax |
0.606 |
0.000 |
0.000 |
|
|
|
Electricity Bill Expenses |
0.592 |
0.390 |
0.135 |
|
|
|
Freight and Cartage Inward Expenses |
0.312 |
0.259 |
0.086 |
|
|
|
Generator Fule Expenses |
0.190 |
0.147 |
0.045 |
|
|
|
Repair and Maintenance of Machinery |
0.207 |
0.000 |
0.000 |
|
|
|
Unloading Charges |
0.061 |
0.048 |
0.023 |
|
|
|
Consumable Goods from U.P (Taxable) |
0.000 |
0.494 |
0.109 |
|
|
|
Fulen Wood Purchase (Exempt) |
0.000 |
0.198 |
0.000 |
|
|
|
Insurance On Kraft Paper Purchases |
0.027 |
0.000 |
0.013 |
|
|
|
Direct Wages |
0.587 |
0.494 |
0.875 |
|
|
|
Audit Fees and Taxation Expenses |
0.013 |
NA |
0.005 |
|
|
|
Freight Outward on Sales |
1.948 |
NA |
0.002 |
|
|
|
Salary Expenses |
1.497 |
NA |
0.000 |
|
|
|
Legal Expenses |
0.014 |
NA |
0.054 |
|
|
|
Tours and Travelling Expenses |
0.117 |
NA |
0.092 |
|
|
|
Indirect Expenses |
3.519 |
NA |
2.011 |
|
|
|
TOTAL (B) |
40.957 |
NA |
12.105 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.376 |
NA |
0.253 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.041 |
NA |
0.008 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.335 |
0.409 |
0.245 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.223 |
0.141 |
0.058 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
1.112 |
0.268 |
0.187 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.381 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.731 |
NA |
NA |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
0.455 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
1.186 |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
6.77 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.73
|
NA |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
2.63
|
0.86 |
1.51 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.02
|
2.78 |
2.40 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.49
|
0.17 |
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
5.99
|
5.28 |
7.06 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.56
|
3.75 |
2.25 |
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 |
No |
|
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] |
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 |
PERFORMANCE
The Financial Data of the Company has present good track during the year
as compared to last year performance. The profits are over reported during the
year as compared to last year profit. During the current year, the Company has
running its business perfectly and the Directors are looking for huge profits.
FORM 8
|
Corporate
identity number of the company |
U21090UP2008PTC034955 |
|
Name of the
company |
SHRI KRISHNA
PAPER CONE PRIVATE LIMITED |
|
Address of the registered
office or of the principal place of
business in |
E-50, Site ’A’, Industrial Area, Mathura-281004, Uttar Pradesh, India |
|
This form is for |
Modification of
charge |
|
Charge identification
number of the charge to be modified |
10215269 |
|
Type of charge |
·
Immovable
property ·
Book
debts ·
Others |
|
Particular of
charge holder |
Syndicate Bank, Maholi Road, Mathura-281004, Uttar Pradesh, India |
|
Nature of instrument
creating charge |
Composite
Hypothecation Agreement dated 06th day of May, 2012. |
|
Date of
instrument Creating the charge |
06.05.2012 |
|
Amount secured by
the charge |
Rs. 5.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of interest 1.5% above Base
Rate i.e. 12.25% P.A., with monthly rests. Terms of repayment Repayable on
demand. Margin 25% on Stock 40% on Book Debts Extent and operation of the charge The Charge is
extendable up to an amount of Rs.5.000 Millions as CC (Hypothecation and Book
Debts) Limit. |
|
Short particulars
of the property charged (Including location of the property) |
All Present and
Future Book Debts of the Company. Paper, Paper
Cones, Gums, Consumables, Stock of W.I.P., Finished Goods, Stock in Transit
of the Company located at E-50, Site-'A', Industrial Area, Mathura and E-37,
Site-'A', Industrial Area, Mathura. Leasehold
Property - Factory Land and Building situated at Plot No. E-50, Industrial
Area, Site - 'A', Mathura standing in the name of Mrs. Rajni Sharma, Director
of the Company. Personal
Guarantee of Mr. Vinod Kaushik, Mr. Brij Bihari Sharma and Mrs. Rajni Sharma. |
|
Whether any of
the property or interest therein under reference is not registered in the
name of the company. |
Yes |
|
If yes, in whose
name it is registers |
Mr. Vinod
Kaushik, Mr. Brij Bihari Sharma and Mrs. Rajni Sharma. |
|
Date of
instrument modifying the charge |
18.02.2011 |
|
Particulars of
the present modification |
The CC
(Hypothecation of Stock and Book Debt) Limit has been enhanced from Rs.3.500
Millions to Rs.5.000 Millions. |
FIXED ASSETS
·
Car
·
Computers
·
Electicity Fittings
·
Fans
·
Fire Extingusher
·
Furniture
·
Generator
·
Mobile Phone
·
Plant and Machinery
·
Printer
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. 55.52 |
|
|
1 |
Rs. 88.49 |
|
Euro |
1 |
Rs. 70.20 |
INFORMATION DETAILS
|
Report Prepared by
: |
DPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YEO |
|
--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 |
|
41 |
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.