MIRA INFORM REPORT
|
Report Date : |
12.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
ADARSH SYNTHETICS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Radhey Market, 1st
Floor, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
06.10.1987 |
|
|
|
|
Com. Reg. No.: |
17-004120 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.3.864
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U24304RJ1987PTC004120 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
JDHA02594E |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Fabrics for Suiting, Shirting and Casual Wear. |
|
|
|
|
No. of Employees
: |
40 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (42) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 82352 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an
established company having satisfactory track. Profitability of the company
appears to be low. However, networth is good. 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) |
|
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.
INFORMATION PARTED BY
|
Name : |
Mr. Sanjay |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-1482-247557 |
|
Date : |
04.04.2013 |
LOCATIONS
|
Registered Office/ Factory 1 : |
Radhey Market, 1st
Floor, |
|
Tel. No.: |
91-1482-247521/ 247557 |
|
Mobile No.: |
91-9829045985 (Mr. Adarsh) |
|
Fax No.: |
91-1482-247198 |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
3000sq.fts |
|
Location: |
Owned |
|
|
|
|
Factory 2 : |
52-53, DDU Industrial Area, |
DIRECTORS
AS ON 26.09.2012
|
Name : |
Mr. Gopal Krishan Jhanwar |
|
Designation : |
Director |
|
Address : |
2-R-9, R.C. Vyas Colony Bhilwara – 311 001, |
|
Date of Appointment : |
06.10.1987 |
|
DIN No.: |
00842520 |
|
|
|
|
Name : |
Mr. Madhusudan Jhanwar |
|
Designation : |
Director |
|
Address : |
A-349, VPS Nagar Bhilwara - 311 001, |
|
Date of Appointment : |
30.09.1997 |
|
DIN No.: |
00226125 |
|
|
|
|
Name : |
Mr. Arun Kumar Jhanwar |
|
Designation : |
Director |
|
Address : |
Pratap Nagar Beawar , |
|
Date of Appointment : |
30.09.1999 |
|
DIN No.: |
00225971 |
KEY EXECUTIVES
|
Name : |
Mr. Adarsh |
|
Designation : |
Manager |
|
|
|
|
Name : |
Mr. Sanjay |
|
Designation : |
Accounts Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 26.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Gopal Krishnan Jhanwar |
|
23465 |
|
Arun Kumar Jhanwar |
|
5300 |
|
Griraj Jhanwar |
|
1100 |
|
Madhu |
|
6800 |
|
Adarsh Jhnawar |
|
1600 |
|
Gokulesh Jhanwar |
|
1000 |
|
Vimla Jhanwar |
|
700 |
|
|
|
400 |
|
Praveen Agarwal |
|
150 |
|
Ashok Inani |
|
100 |
|
S.P. Gupta |
|
300 |
|
Sitaram Mundra |
|
100 |
|
Rajkumar Agarwal |
|
150 |
|
Paras Jain |
|
200 |
|
Kusam Jain |
|
200 |
|
Ramesh Chandra Sharma |
|
200 |
|
Subhash Agarwal |
|
1100 |
|
Amit Agarwal |
|
300 |
|
Premlata Jhanwar |
|
250 |
|
Kamlesh Jhanwar |
|
500 |
|
Sarla Jhanwar |
|
2700 |
|
Vashu Dev Sharma HUF |
|
1 |
|
H N Khandelwal HUF |
|
1 |
|
Jagdish Inani |
|
1 |
|
Pankaj Kumar HUF |
|
1 |
|
Ajay Nenawati |
|
1 |
|
Amit Chudary |
|
1 |
|
Amrita Malu |
|
1 |
|
Chhitar Mal Rathi |
|
1 |
|
Vinod Kumar Dad |
|
1 |
|
Dinesh Soni |
|
1 |
|
Kamla Devi Rathi |
|
1 |
|
Mahendra Kumar Nahar |
|
1 |
|
Nahar Trading Company |
|
1 |
|
Ritu Sukhwadia |
|
1 |
|
Sataynarayan Kabra |
|
1 |
|
Vinod Baldwa |
|
1 |
|
Sajjan Devi Samdani |
|
1 |
|
Sandya Kabra |
|
1 |
|
Kashiram Kanahya |
|
1 |
|
Sohan Lal Manot |
|
1 |
|
Abhay Kumar Ajmera |
|
1 |
|
Sulochna Ajmera |
|
1 |
|
Sushila Devi Mohatha |
|
1 |
|
Gir Raj Traders |
|
1 |
|
Total |
|
46639 |
AS ON 26.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
93.08 |
|
Other
Top Fifty Shareholders |
|
6.92 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Fabrics for Suiting, Shirting and Casual Wear. |
||||
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||||
|
Products : |
v
Polyester-Viscose
Suiting Fabric v
Polyester
Suiting Fabric
v
Polyester-Cotton
Suiting Fabric
v
Premium
Polyester-Viscose Suiting Fabric v
Polyester-Viscose
Shirting Fabric v
PC and
100% Cotton Shirting Fabric v
Uniform
Fabric
v
Industrial/Work
Wear Uniform Fabric |
||||
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|
|
||||
|
Terms : |
|
||||
|
Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
Wholesalers and Retailers |
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No. of Employees : |
40 (Approximately) |
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Bankers : |
Bank of |
||||||||||||||||||||||||||||||
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Facilities : |
Term Loans from Banks-. Securities Term Loans
from banks are secured by Primary :- First
Charge over factory land and building. Plant and Machinery situated at 52-53,
undeveloped area, RIICO Industrial Area, Bhilwara Collateral:- (1)
EM
of Commercial Shop in the name of company, situated at Plot No. B Near Bajaj Showroom Old RTO Road. Ghandhi Nagar. Bhilwara (2)
FDR
pledged to Bank Guarantees Term Loans from banks are
guaranteed by Shri Gopal Krishan Jhanwar, Shree Arun Kumar Jhanwar and Shri Madhusudan Jhanwar in their personal capacities. For other Loans from Banks: Loan from bank is secured by
way of hypothecation of assets financed by them. For
Loan repayable on demand from Banks: Loan
repayable on demand from bank is secured by :- Equitable
Mortgage of Factory land and building and First charge on Plant and machinery
and other Misc. Fixed assets, present and future land First and exclusive
charge by way of hypothecation on company's raw materials, stock in process,
finished goods, semi-finished goods, stores, spares and book debts and other
current assets lying in factory premises or elsewhere, present and future,
guaranteed by ;Shri Gopal Krishan Jhanwar, Shree Arun Kumar Jhanwa and Shri
Madhusudan Jhanwar in their personal capacities.
|
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|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Kalani and Company Chartered Accountants |
|
Address : |
B-98, Shastri Nagar, Bhilwara – 311 001, |
|
Tel. No.: |
91-1482-241502/ 241503 |
|
Mobile No.: |
91-9414112367/ 9829888820 |
|
E-Mail : |
|
|
Income-tax
PAN of auditor or auditor's firm : |
AABFK0738Q |
|
|
|
|
Associate Concerns : |
Goodman Fabrics |
CAPITAL STRUCTURE
After 26.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
50000 |
Equity Shares |
Rs.100/- each |
Rs.5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
46639 |
Equity Shares |
Rs.100/- each |
Rs.4.663
millions |
|
|
|
|
|
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
40000 |
Equity Shares |
Rs.100/- each |
Rs.4.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
38639 |
Equity Shares |
Rs.100/- each |
Rs.3.863
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
3.864 |
2.464 |
2.264 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
16.724 |
10.550 |
9.358 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
20.588 |
13.014 |
11.622 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
39.756 |
22.534 |
14.784 |
|
|
2] Unsecured Loans |
20.574 |
19.549 |
12.994 |
|
|
TOTAL BORROWING |
60.330 |
42.083 |
27.778 |
|
|
DEFERRED TAX LIABILITIES |
0.686 |
0.864 |
0.675 |
|
|
|
|
|
|
|
|
TOTAL |
81.604 |
55.961 |
40.075 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
28.877 |
18.485 |
15.451 |
|
|
Capital work-in-progress |
3.604 |
2.054 |
0.685 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.003 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
24.340
|
14.441
|
12.490 |
|
|
Sundry Debtors |
45.872
|
37.054
|
24.056 |
|
|
Cash & Bank Balances |
2.317
|
1.931
|
1.912 |
|
|
Other Current Assets |
0.025
|
0.023
|
0.000 |
|
|
Loans & Advances |
0.751
|
0.759
|
0.760 |
|
Total
Current Assets |
73.305
|
54.208
|
39.218 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
22.665
|
17.321
|
13.851 |
|
|
Other Current Liabilities |
1.217
|
1.118
|
0.995 |
|
|
Provisions |
0.300
|
0.345
|
0.436 |
|
Total
Current Liabilities |
24.182
|
18.784
|
15.282 |
|
|
Net Current Assets |
49.123
|
35.424
|
23.936 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
81.604 |
55.961 |
40.075 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
255.021 |
188.591 |
123.188 |
|
|
|
Other Income |
1.312 |
0.759 |
0.002 |
|
|
|
TOTAL |
256.333 |
189.350 |
123.190 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
251.435 |
186.389 |
120.552 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
4.898 |
2.961 |
2.638 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.083 |
2.265 |
1.950 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
0.977 |
0.696 |
0.688 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
320.000 |
|
|
|
|
|
The above information has been parted by Mr. Sanjay (Accounts
Department)
NOTE: The Cash
Generation figure for the year 2012 mentioned in the Director Report is
incorrect.
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.38
|
0.37
|
0.56 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.92
|
1.57
|
0.84 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
4.79
|
4.07
|
1.89 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.24
|
0.23
|
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.93
|
3.23
|
3.71 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.03
|
2.89
|
2.57 |
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 |
No |
|
15] |
Capital in the business |
Yes |
|
16] |
Details of sister
concerns |
Yes |
|
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 |
No |
|
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 |
U24304RJ1987PTC004120 |
|
Name of the
company |
ADARSH SYNTHETICS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Radhey Market, 1st
Floor, E-Mail: csdeeptilohiya@gmail.com |
|
Type of charge |
Book Debts Movable Property
(not being pledge) |
|
This form is for |
Modification of charge
|
|
Charge
identification number of the modified |
90072409 |
|
Particular of
charge holder |
Bank of E-Mail: bhilwa@bankofbaroda.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
composite agreement of hypothecation |
|
Date of
instrument Creating the charge |
28.09.2011 |
|
Amount secured by
the charge |
Rs.50.000
millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest: 3.50% over Base
Rate i.e. 14.25% p.a. with monthly rests. Concessional ROI
@ 2.50% over Base Rate i.e. 13.25% with monthly rests. (Present Base Rate is
10.75%) Terms of
Repayment: On demand Margin: 25% - stock 40% - book debts
(upto 60 days) Extent and
Operation of the charge: 1. First charge
over current assets of the company, e.g. raw materials, stock in process,
finished goods, semi finished goods, stores, spares and book debts and other
current assets lying in factory godown, office premises, present and future. 2. First charge
over fixed assets of the company, existing and future including equitable
mortgage of the factory land and building situated at a.) 52-53, RIICO
Industrial Area, Bhilwara (Rajasthan). b.) commercial
shop situated at Plot No. B, Near Bajaj Showroom |
|
Short particulars
of the property charged |
First charge over
current assets of the company, e.g. raw materials, stock in process, finished
goods, semi finished goods, stores, spares and book debts and other current
assets lying in factory godown, office premises, present and future. First charge over
fixed assets of the company, existing and future including equitable mortgage
of the factory land and building situated at a.) 52-53, RIICO
Industrial Area, Bhilwara (Rajasthan). b.) commercial
shop situated at Plot No. B, Near Bajaj Showroom |
|
Date of latest
modification prior to the present modification |
03.07.2010 |
|
Particulars of
the present modification |
Cash Credit Limit
(Hypothecation) is increased by Rs.28.500 millions (Rs.21.500 millions to
Rs.50.000 millions). |
FIXED ASSETS:
v
v
Building
v
Tube Well
v
Plant and Machinery
v
Office Equipment
v
Electrical Installation
v
Furniture and Fixtures
v
Vehicles
v
Computers
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.53.53 |
|
|
1 |
Rs.83.59 |
|
Euro |
1 |
Rs.71.32 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
SDA |
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 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
45 |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.