MIRA
INFORM REPORT
|
Report Date : |
18.09.2012 |
IDENTIFICATION DETAILS
|
Name : |
PRAKASH FLEXIBLES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.14, Bairavi Apartments, |
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Country : |
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Financials (as
on) : |
31.03.2011 |
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Date of
Incorporation : |
04.02.1993 |
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Com. Reg. No.: |
18-024331 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.6.763 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U36999TN1993PTC024331 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
CHEP02336F |
|
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|
|
PAN No.: [Permanent Account No.] |
AAACP4110F |
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|
|
Legal Form : |
Private Limited Liability Company |
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|
|
|
Line of Business
: |
Manufacturer of Polycoated
Laminated Paper |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 220000 |
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|
|
|
Status : |
Satisfactory |
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|
|
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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 to be fair. Business is active. Payments are reported
to be usually correct and as per commitments. 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 : |
No.14, Bairavi Apartments, III Floor Malaviya Avenue, I St
Street 12 MG Road, Tiruvanmiyur, Chennai – 600041, Tamil Nadu, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
|
|
Factory : |
Plot No.4, 5 and 6. Phase VIII, New SIDCO Industrial
Estate, Maraimalai Nagar, Kancheepuram, Tamil |
DIRECTORS
As on 15.09.2011
|
Name : |
Mr. Vallavaraj Amalraj Robert |
|
Designation : |
Director |
|
Address : |
353, Kapaleeswarar Nagar, Neelankarai, Thiruvanmiyur, Chennai –
600041, Tamilnadu, India |
|
Date of Birth/Age : |
06.05.1968 |
|
Date of Appointment : |
04.02.1993 |
|
DIN No.: |
00440038 |
Other directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U36999TN1993PTC024331 |
PRAKASH
FLEXIBLES PRIVATE LIMITED |
Director |
04/02/1993 |
04/02/1993 |
- |
Active |
NO |
|
2 |
U20211TN1996PTC035873 |
PRAKASH
CONTAINERS PRIVATE LIMITED |
Director |
26/06/1996 |
26/06/1996 |
- |
Active |
NO |
|
3 |
U25209TN1989PTC017601 |
PRAKASH
CARTOONS PRIVATE LIMITED |
Director |
25/01/2003 |
25/01/2003 |
- |
Strike
off |
NO |
|
4 |
U45202TN2006PTC059128 |
INNOPLAN
INVESTMENT PROPERTIES PRIVATE LIMITED |
Director |
08/03/2006 |
08/03/2006 |
- |
Active |
NO |
|
Name : |
Mr. Vallavaraj Vincent |
|
Designation : |
Managing Director |
|
Address : |
353, Kapaleeswarar Nagar, Neelankarai, Thiruvanmiyur, Chennai – 600041,
Tamilnadu, India |
|
Date of Birth/Age : |
10.06.1964 |
|
Date of Appointment : |
04.02.1993 |
|
DIN No.: |
00625469 |
|
|
|
|
Name : |
Mr. Charles Selvarani |
|
Designation : |
Director |
|
Address : |
353, Kapaleeswarar Nagar, Neelankarai, Thiruvanmiyur, Chennai –
600041, Tamilnadu, India |
|
Date of Birth/Age : |
10.04.1957 |
|
Date of Appointment : |
04.02.1993 |
|
DIN No.: |
02461170 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Vallavaraj Amalraj Robert |
|
100 |
|
Vallavaraj Vincent |
|
269225 |
|
Charles Selvarani |
|
70100 |
|
P Charles |
|
70100 |
|
Prabha Vincent |
|
75225 |
|
T S Arumugam |
|
100 |
|
Michael Motha |
|
40000 |
|
R F Suresh |
|
4700 |
|
Jayanthi Suresh |
|
4700 |
|
V Nivetha |
|
142050 |
|
Total |
|
676300 |
As on 30.09.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Polycoated
Laminated Paper |
PRODUCTION STATUS
As on 31.03.2011
Licensed Capacity:
No
limit prescribed
Installed
Capacity: Not ascertained
|
Particulars |
|
|
Unit |
Actual
Production |
|
|
|
|
|
|
|
Polycoated Laminated Paper |
|
|
Tons |
3537.39 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
The Federal Bank Limited,
George Town Branch, 52, Armenian Street, Chennai - 600001, Tamil Nadu, India |
||||||||||||||||||||||||||||||
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
|
|
Name : |
B Subramanian and Associates Chartered Accountant |
|
Address : |
F3, Sri Murugan Apartments, Old No 52 New 12 Motilal Street Nagar,
Chennai – 600017, Tamil Nadu, India |
|
Tel. No.: |
91-44-24342459 |
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E-Mail : |
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|
PAN No.: |
AAFPS6266D |
CAPITAL STRUCTURE
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
750000 |
Equity Shares |
Rs.10/- each |
Rs.7.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
676300 |
Equity Shares |
Rs.10/- each |
Rs.6.763
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 |
6.763 |
6.763 |
6.763 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
48.942 |
41.134 |
34.169 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
55.705 |
47.897 |
40.932 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
92.515 |
73.822 |
54.790 |
|
|
2] Unsecured Loans |
30.503 |
9.183 |
9.000 |
|
|
TOTAL BORROWING |
123.018 |
83.005 |
63.790 |
|
|
DEFERRED TAX LIABILITIES |
7.036 |
7.036 |
7.036 |
|
|
|
|
|
|
|
|
TOTAL |
185.759 |
137.938 |
111.758 |
|
|
|
|
|
|
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|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
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|
FIXED ASSETS [Net Block] |
115.030 |
100.352 |
67.849 |
|
|
Capital work-in-progress |
12.054 |
0.440 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
35.203
|
24.863 |
21.400 |
|
|
Sundry Debtors |
70.422
|
48.001 |
36.673 |
|
|
Cash & Bank Balances |
0.682
|
0.473 |
0.489 |
|
|
Other Current Assets |
6.684
|
11.979 |
14.631 |
|
|
Loans & Advances |
1.630
|
3.109 |
4.654 |
|
Total
Current Assets |
114.621
|
88.425 |
77.847 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
52.946
|
41.729 |
27.388 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
0.000 |
|
|
Provisions |
3.000
|
9.550 |
6.550 |
|
Total
Current Liabilities |
55.946
|
51.279 |
33.938 |
|
|
Net Current Assets |
58.675
|
37.146 |
43.909 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
185.759 |
137.938 |
111.758 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
413.362 |
322.705 |
373.512 |
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
413.362 |
322.705 |
373.512 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
397.276 |
307.716 |
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
397.276 |
307.716 |
362.162 (including
Depreciation) |
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
6.020 |
5.025 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
10.066 |
9.964 |
11.350 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
3.000 |
3.000 |
3.200 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
7.066 |
6.964 |
8.150 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
58.044 |
49.791 |
42.362 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
10.45 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.71
|
2.16 |
2.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.38
|
5.28 |
7.79 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.18
|
0.21 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.21
|
2.80 |
2.39 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
1.72 |
2.29 |
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 |
Yes |
|
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% |
No |
|
14] |
Estimation for coming
financial year |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U36999TN1993PTC024331 |
|||||||||||||||||||||
|
Name of the company |
PRAKASH FLEXIBLES PRIVATE LIMITED |
|||||||||||||||||||||
|
Address of the registered office or of the principal place of business in India of the company |
No.14, Bairavi Apartments, III Floor Malaviya Avenue, I St Street 12 MG
Road, Tiruvanmiyur, Chennai – 600041, Tamil Nadu, India E-mail Id : prakash_flex@satyammail.com |
|||||||||||||||||||||
|
This form is for |
Modification of charge |
|||||||||||||||||||||
|
Charge identification (ID) number of the charge to be modified |
90287362 |
|||||||||||||||||||||
|
Type of charge |
Immovable property Book debts Movable property (not being pledge) Others (Hypothecation) |
|||||||||||||||||||||
|
Particular of charge holder |
The Federal Bank Limited, George Town Branch, 52, Armenian Street, Chennai
- 600001, Tamil Nadu, India E-mail Id : mdsb@federalbank.co.in
|
|||||||||||||||||||||
|
Nature of instrument creating charge |
1) Agreement of Cash Credit 2) Agreement for Hypothecation of Plant and Machinery as Additional
Security 3) Agreement for Export Advances 4) Letter in Lieu of Redeposit (2 Nos) |
|||||||||||||||||||||
|
Date of instrument Creating the charge |
29/06/2011 |
|||||||||||||||||||||
|
Amount secured by the charge |
Rs.84.500 Millions |
|||||||||||||||||||||
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest CC : Interest at the rate of 4.25% above BR of the bank as fixed by
the bank from time to time, subject to a minimum of interest rate of 14.22%
p.a. with monthly rests. PCL/FDBP/FUBP :As per Agreement. Terms of Repayment CC / PCL / FDBP / FUBP / LC / Import LC : Repayable as Lumpsum. Margin CC / PCL:- 25% on stock 50% on book debts. LC (import / inland) : 25% on cash margin. Extent and Operation of the charge Exclusive first charge on the immovable property of the company to the
extent of Rs.84.500 Millions. (together with interest, costs, charges and other expenses which may
be debited to the appropriate account(s) from time to time) Others (Rs.
In Millions)
|
|||||||||||||||||||||
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Primary Security:- CC : Hypothecation of Stock of RM, SIP, FGs, Consumables and book
debts (margin stock 25%, BD 50%) PCL : Hypothecation of Inventory meant for exports (25% margin) FD / UBP : Documents of title to goods / usance bills evidencing export
against confirmed orders / LCs. LC (Inland / Import) : Charge on goods acquired under LC and cash
margin of 25% Collateral Security:- 1) EM of 40 cents survey No.41 of factory land with building (1600 sq
ft) in Maraimalai Nagar in the name of the company bounded on the East by : 40 feet wide BT Road, West by : Shed No.26 & 27 Phase V, South by : Plot No.6 and North by : Plot No.3, situated within the registration district of Kancheepuram and sub
registration district of Chengalpet together with all buildings existing and
/ or to be constructed. 2) All that piece & parcel of land (extent - 1.143 acres) factory
shed Nos.10, 11, 12, 25, 26 & 27, SIDCO Industrial Estate, Phase v -
VIII, Maraimalai Nagar, comprised in Survey No.41 part of Gudalur Village,
Chengalpattu Taluk, Kancheepuram Dist,bounded on the North by - Developed Plots Nos.12 & 24. South by - 40 feet wide Road East by - 40 feet wide Road West by - 40 feet wide Road, situated in Gudalur village Chengalpattu Taluk Chenlepattu Joint - II
sub registration district and within registration district of Kancheepuram
together with all buildings existing to be constructed, as above securities
to secure the limit of Rs.84.500 Millions |
|||||||||||||||||||||
|
Date of instrument modifying the charge |
30/03/2010 |
|||||||||||||||||||||
|
Particulars of the present modification |
By the present modification, The Overall credit facilities now has been enhanced from Rs.74.500
Millions to Rs.84.500 Millions |
FIXED ASSETS:
· Land
· Building
· Plant
· Electrical Installation
· Furniture
· Lab Equipments
· Typewriter
· Airconditioner
· Office Equipments
· Car
· Motor cycle
· Computer
· Wind Mill
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
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
47 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this report.
The assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.