|
Report Date : |
15.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHAB-SHIB RICE MILL PRIVATE LIMITED |
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Registered
Office : |
Vill – Gopekhanji P.O: Dainhat Burdwan – 713502, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
03.01.1994 |
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Com. Reg. No.: |
21-061324 |
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Capital Investment
/ Paid-up Capital : |
Rs. 3.853 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U15312WB1994PTC061324 |
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|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CALS12398B |
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|
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PAN No.: [Permanent Account No.] |
AADCS8424J |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Rice, Rice Husk, Broken Rice etc. |
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No. of Employees
: |
20 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (31) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 26000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. There appears
some dip in the sales turnover during 2011. Reserves of the company appears to be low. However, trade relations
are reported as fair. Business is active. Payments are reported to be slow. The company can be considered for business dealings with some caution. |
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 |
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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. Rupesh Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9434039753 |
|
Date : |
14.09.2012 |
LOCATIONS
|
Registered Office/ Factory : |
Vill – Gopekhanji P.O: Dainhat Burdwan – 713502, West Bengal, India |
|
Tel. No.: |
91-3453-244304 |
|
Mobile No.: |
91-9434039753 (Mr. Rupesh Agarwal) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Area : |
3 Acre |
|
Location : |
Owned |
DIRECTORS
AS ON 30.09.2011
|
Name : |
Mr. Rupesh Kumar Agarwalla |
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|
Designation : |
Director |
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Address : |
Ghosh Hat, Katwa, Burdwan – 713130, West Bengal, India |
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Date of Birth/Age : |
13.10.1955 |
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Date of Appointment : |
27.01.2000 |
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Voter ID : |
WB40280183465 |
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DIN No.: |
00522457 |
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Other Directorship: |
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|||||||||||||||||||||||||||
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Name : |
Mr. Naresh Kumar Agarwalla |
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Designation : |
Director |
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|
Address : |
Ghosh Hat, Katwa, Burdwan – 713130, West Bengal, India |
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Date of Birth/Age : |
24.07.1976 |
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Date of Appointment : |
27.01.2000 |
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Voter ID : |
JNR2747947 |
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DIN No.: |
00522502 |
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Other Directorship: |
|
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|
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Naresh Kumar Agarwalla |
|
8666 |
|
Rupesh Kumar Agarwalla |
|
8733 |
|
Ritesh Kumar Agarwalla |
|
4400 |
|
Puspa Devi Agarwalla |
|
1700 |
|
Naresh Kumar Agarwalla HUF |
|
2000 |
|
Mina Agarwalla |
|
9033 |
|
Diwakar Mrecantile Private Limited, India |
|
1000 |
|
Honesty Suppliers Private Limited, India |
|
1000 |
|
Jaladhar Commodeal Private Limited, India |
|
1000 |
|
Palash Sales Private Limited, India |
|
1000 |
|
Total |
|
38532 |
AS ON 31.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Jhinuk Tie Up Private Limited, India |
|
1000 |
|
Enpee Finall Services Private Limited, India |
|
3000 |
|
Mangalam Tradefin Private Limited, India |
|
3000 |
|
Fast-N-Perfect Commercial Private Limited, India |
|
3000 |
|
Total |
|
10000 |
AS ON 30.09.2011
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
10.38 |
|
Directors
or relatives of directors |
|
84.43 |
|
Other
top fifty shareholders |
|
5.19 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Rice, Rice Husk, Broken Rice etc. |
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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 |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
|
Rice |
M.T. |
N.A. |
16 per batch |
19916.63 |
GENERAL INFORMATION
|
Customers : |
Wholesalers ·
Anapurna Overseas |
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No. of Employees : |
20 (Approximately) |
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Bankers : |
·
State Bank of India, Katwa A.D.B., Madhobitala,
P.O. Katwa District – Burdwan, Katwa – 713130, West Bengal, India ·
Axis
Bank Limited, Katwa Branch, Circus Maidan, Mira Plaza, Najrul Sarani, Circus Maidan, Burdwan – 713130, West Bengal, India |
|||||||||||||||||||||
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|||||||||||||||||||||
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Facilities : |
CC – Rs. 15.000 Millions [Axis Bank Limited]
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
R L Ghosh and Company Chartered Accountants |
|
Address : |
P-8, New C.I.T. Road, Mohsin Building, 4th Floor, Kolkata – 700073,
West Bengal, India |
|
Tel. No.: |
91-33-22347440/ 22373566 |
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E-Mail : |
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|
Income-tax
PAN of auditor or auditor's firm : |
AAJFR6767Q |
CAPITAL STRUCTURE
AFTER 30.09.2011
Authorised Capital : Rs. 5.000 Millions
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital : Rs. 4.853
Millions
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
48,532 |
Equity Share |
Rs. 100/- each |
Rs. 4.853
Millions |
|
|
|
|
|
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
50,000 |
Equity Shares |
Rs. 100/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
38,532 |
Equity Share |
Rs. 100/- each |
Rs. 3.853
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 |
3.853 |
3.253 |
3.253 |
|
|
2] Share Application Money |
0.000 |
3.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.659 |
0.083 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
(0.156) |
|
|
NETWORTH |
6.512 |
6.336 |
3.097 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
12.609 |
9.070 |
6.197 |
|
|
2] Unsecured Loans |
7.279 |
5.943 |
5.371 |
|
|
TOTAL BORROWING |
19.888 |
15.013 |
11.568 |
|
|
DEFERRED TAX LIABILITIES |
0.001 |
0.000 |
0.018 |
|
|
|
|
|
|
|
|
TOTAL |
26.401 |
21.349 |
14.683 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
7.767 |
5.851 |
6.370 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.083 |
0.054 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.224
|
11.223 |
15.809 |
|
|
Sundry Debtors |
7.602
|
0.289 |
3.398 |
|
|
Cash & Bank Balances |
1.540
|
4.144 |
0.247 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.771
|
0.574 |
0.290 |
|
Total
Current Assets |
19.137
|
16.230 |
19.744 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.336 |
0.000 |
|
|
Other Current Liabilities |
0.083
|
0.063 |
11.229 |
|
|
Provisions |
0.503
|
0.387 |
0.202 |
|
Total
Current Liabilities |
0.586
|
0.786 |
11.431 |
|
|
Net Current Assets |
18.551
|
15.444 |
8.313 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
26.401 |
21.349 |
14.683 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
34.050 |
71.459 |
54.546 |
|
|
|
Other Income |
0.948 |
0.973 |
0.360 |
|
|
|
TOTAL |
34.998 |
72.432 |
54.906 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Paddy consumed |
27.380 |
61.326 |
54.961 |
|
|
|
Cost of material consumed |
2.339 |
5.152 |
0.000 |
|
|
|
Wages |
0.205 |
0.212 |
0.186 |
|
|
|
Mobile and Diesel |
0.768 |
0.978 |
0.672 |
|
|
|
Carriage Inward |
0.000 |
0.000 |
0.212 |
|
|
|
Electric Charges |
0.557 |
0.463 |
0.396 |
|
|
|
Salary |
0.131 |
0.103 |
0.111 |
|
|
|
Bonus |
0.056 |
0.050 |
0.048 |
|
|
|
Insurance Premium |
0.096 |
0.127 |
0.128 |
|
|
|
Spare Parts consumed |
0.172 |
0.339 |
0.319 |
|
|
|
Unsecured loan interest |
0.595 |
0.458 |
0.504 |
|
|
|
Bank Interest |
1.012 |
0.735 |
0.653 |
|
|
|
Remuneration of Director |
0.432 |
0.432 |
0.216 |
|
|
|
Bank Processing charges |
0.066 |
0.069 |
0.000 |
|
|
|
Other Expenses |
0.340 |
1.081 |
0.956 |
|
|
|
TOTAL |
34.149 |
71.525 |
54.223 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.849 |
0.907 |
0.683 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.586 |
0.545 |
0.541 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.263 |
0.362 |
0.142 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.116 |
0.279 |
0.122 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.147 |
0.083 |
0.020 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.83 |
2.56 |
N.A. |
|
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
140.000 |
|
|
|
|
|
Expected Sales ( 2012-2013 ) : Rs. 150.000 Millions
The above information has been parted by Mr. Rupesh Agarwal (Director)
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.42 |
0.11 |
0.04 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.77 |
0.39 |
0.26 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.98 |
1.64 |
0.54 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.06 |
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.14 |
2.49 |
7.43 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
32.66 |
20.65 |
1.73 |
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 |
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 |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U15312WB1994PTC061324 |
|
Name of the
company |
SHAB-SHIB RICE
MILL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Vill Gopekhanji PO- Dainhat, DT- Burdwan –
713502, West Bengal, India Email ID: kmg_co@rediffmail.com
|
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10142947 |
|
Type of charge |
Immovable
Property Book Debts Movable Property Others (Machinery
& Other Moveable Fixed Assets) |
|
Particular of
charge holder |
Axis Bank
Limited, Katwa Branch, Circus Maidan, Mira Plaza, Najrul Sarani, Circus Maidan, Burdwan – 713130, West Bengal, India Email ID: pratanu.chatterjee@axisbank.com
|
|
Nature of
description of the instrument creating or modifying the charge |
i) Deed of Hypothecation
of Current Assets (Stock and Book Debts), ii) Deed of
Hypothecation of Machinery and Other Moveable Fixed Assets. ii) No
Instrument, Supplemental Oral Assent. |
|
Date of
instrument Creating the charge |
31.12.2010 |
|
Amount secured by
the charge |
Rs. 15.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest will be
charged at Base Rate + 2.50% p.a., Present effective rate is 10.50% p.a.
(Banks present Base Rate being 8% p. a), payable at monthly rests. Terms of Repayment Cash Credit
repayable on demand Margin Cash Credit:
Inventory: 25%, Book debts: 30%. Age of Book Debts not to exceed 90 days. Extent and Operation of the charge First charge over
hypothecation of the entire current assets, fixed assets and extension of
immovable property of the company. |
|
Short particulars
of the property charged |
Hypo of current
assets of the unit both present and future consisting RMs, WIP, FGs, in the
form of paddy, husk, bran, rice etc other current assets & book debts
upto 90 days. All the movable
plant and machinery, furniture, fixtures etc both present and future
consisting of other civil construction, plant and machineries and other fixed
assets, being movable properties and present installed Vill. Gopekhanji, P.O. Dainhat, Dist. Burdwan, Pin-713502. Immovable
Property situated at Mouza- Gopikhanji, J.L.No.83, P.S. Katwa, P.O. Dainhat,
Burdwan. |
|
Date of latest modification
prior to the present modification |
02.12.2009 |
|
Particulars of
the present modification |
By this
modification, Overall limit has been decreased/ revised/ realigned from
Rs.18.000 Millions to Rs.15.000 Millions. The details of limit are as
under:- Facility Amount Cash Credit Rs.15.000 Millions Total limit Rs.15.000 Millions Other terms and
condition remain unchanged |
TRADE REFERENCES:
·
Anapurna Overseas
FIXED ASSETS:
·
Plant and Machinery
·
Weigh Bridge
·
Weighing Machine
·
Building and Shed
·
Motor Car
·
Fire Extinguisher
·
Moisture Meter
·
Old Steam Engine
·
Desel Engine
·
Weight and Measurement
·
Computer
·
D.G. Set
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. 54.73 |
|
|
1 |
Rs. 88.61 |
|
Euro |
1 |
Rs. 71.34 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
|
31 |
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.