1. Summary Information
|
|
|
Country |
India |
|
Company Name |
KARUNA TELELINK PRIVATE LIMITED |
Principal Name 1 |
Mr. Sanjoy Tekriwal |
|
Status |
Satisfactory |
Principal Name 2 |
Mr. Sandeep Tekriwal |
|
|
|
Registration # |
21-094083 |
|
Street Address |
Meridain Plaza, 207, Chittaranjan Avenue, 2nd Floor, Kolkata – 700006,
West Bengal |
||
|
Established Date |
04.01.2002 |
SIC Code |
-- |
|
Telephone# |
91-33-22693288 |
Business Style 1 |
Distributors |
|
Fax # |
91-33-22693288 |
Business Style 2 |
Operate |
|
Homepage |
Product Name 1 |
Telecommunication Service |
|
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.
1,973,000/- |
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate 47.30%, Directors or relatives of
directors 52.70% |
Banking |
State Bank of India |
|
Public Limited Corp. |
No |
Business Period |
11 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
Ba
(44) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
9,110,000 |
Current Liabilities |
2,695,000 |
|
Inventories |
4,534,000 |
Long-term Liabilities |
1,500,000 |
|
Fixed Assets |
1,032,000 |
Other Liabilities |
196,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
4,391,000 |
|
Invest& other Assets |
1,284,000 |
Retained Earnings |
8,996,000 |
|
|
|
Net Worth |
11,569,000 |
|
Total Assets |
15,960,000 |
Total Liab. & Equity |
15,960,000 |
|
Total Assets (Previous Year) |
18,099,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
201,707,000 |
Net Profit |
706,000 |
|
Sales(Previous yr) |
127,332,000 |
Net Profit(Prev.yr) |
82,000 |
MIRA
INFORM REPORT
|
Report Date : |
24.04.2013 |
IDENTIFICATION DETAILS
|
Name : |
KARUNA TELELINK PRIVATE LIMITED [w.e.f.28.03.2012] |
|
|
|
|
Formerly Known
As : |
UMV TELELINK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Meridain Plaza, 207, Chittaranjan Avenue, 2nd Floor, Kolkata – 700006,
West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
04.01.2002 |
|
|
|
|
Com. Reg. No.: |
21-094083 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 1.973
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U64202WB2002PTC094083 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Distributors and Operate Telecommunication Service of all types of
Cellular Mobile Phones. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (44) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 46000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record.
Trade relations are reported as fair. Business is active. Payments are
reported to be slow but correct. The company can be considered normal for business dealings at usual
trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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 : |
Meridain Plaza, 207, Chittaranjan Avenue, 2nd Floor, Kolkata – 700006,
West Bengal, India |
|
Tel. No.: |
91-33-22693288/ 89/ 30084123 |
|
Fax No.: |
91-33-22693288 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Branches |
Located at: Ø
West Bengal Ø
Jharkhand Ø Bihar |
|
|
|
|
Godown |
Located at: Ø
Dankuni Ø Burdwan |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Sanjoy Tekriwal |
|
Designation : |
Director |
|
Address : |
14, Saltlake, Block-BG, Kolkata – 700091, West Bengal, India |
|
Date of Birth/Age : |
16.10.1960 |
|
Date of Appointment : |
07.01.2002 |
|
DIN No.: |
00495631 |
|
|
|
|
Name : |
Mr. Sandeep Tekriwal |
|
Designation : |
Director |
|
Address : |
14, Saltlake, Block-BG, Kolkata – 700091, West Bengal, India |
|
Date of Birth/Age : |
14.05.1969 |
|
Date of Appointment : |
07.01.2002 |
|
DIN No.: |
00495666 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Karuna Management Services Private Limited, India |
|
60000 |
|
Sanjoy Tekriwal |
|
80100 |
|
Sandeep Tekriwal |
|
100 |
|
Gouri Shankar Tekriwal |
|
6000 |
|
Madhu Tekriwal |
|
1800 |
|
Gouri Shankar Biswanath (HUF) |
|
4500 |
|
Sanjoy Tekriwal (HUF) |
|
3500 |
|
Karuna Financial Services Private Limited, India |
|
14500 |
|
Biswanath Chiripal |
|
3750 |
|
G S Tekriwal (HUF) |
|
1125 |
|
Shashikant Chiripal |
|
3125 |
|
Karuna Retails Private Limited, India |
|
18750 |
|
|
|
|
|
Total |
|
197250 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
47.30 |
|
Directors
or relatives of directors |
|
52.70 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Distributors and Operate Telecommunication Service of all types of
Cellular Mobile Phones. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
State Bank of
India, SSI Branch Bhowanipore, 'Premlata', 2nd Floor, 39, Shakespeare Sarani,
Kolkata – 700017, West Bengal, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
|
|||||||||||||||
|
|
|
|
Banking Relations
: |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Srimal Jain and Company Chartered Accountants |
|
Address : |
12A, Netaji Subhas Road, Ground Floor, Room No. 3, Kolkata – 700001, West
Bengal, India |
|
Tel. No.: |
91-33-22309776/ 22307670 |
|
Income-tax
PAN of auditor or auditor's firm : |
AAIFS9178F |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300,000 |
Equity Shares |
Rs. 10/- each |
Rs. 3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
197,250 |
Equity Shares |
Rs. 10/- each |
Rs. 1.973
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 |
1.973 |
1.973 |
1.973 |
|
|
2] Share Application Money |
0.600 |
0.600 |
1.000 |
|
|
3] Reserves & Surplus |
8.996 |
8.290 |
8.208 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
11.569 |
10.863 |
11.181 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
6.260 |
4.585 |
|
|
2] Unsecured Loans |
1.500 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
1.500 |
6.260 |
4.585 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13.069 |
17.123 |
15.766 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.032 |
1.207 |
1.439 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
1.284 |
4.292 |
1.876 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
4.534
|
2.430 |
3.034 |
|
|
Sundry Debtors |
1.693
|
2.926 |
2.972 |
|
|
Cash & Bank Balances |
4.200
|
2.413 |
3.995 |
|
|
Other Current Assets |
1.585
|
1.038 |
0.000 |
|
|
Loans & Advances |
1.632
|
3.793 |
3.465 |
|
Total
Current Assets |
13.644
|
12.600 |
13.466 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
1.886
|
|
|
|
|
Other Current Liabilities |
0.809
|
0.226 |
0.391 |
|
|
Provisions |
0.196
|
0.707 |
0.624 |
|
Total
Current Liabilities |
2.891
|
0.976 |
1.015 |
|
|
Net Current Assets |
10.753
|
11.624 |
12.451 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
13.069 |
17.123 |
15.766 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Revenue from operations |
201.707 |
127.332 |
138.172 |
|
|
|
Other Income |
3.505 |
3.557 |
3.529 |
|
|
|
TOTAL (A) |
205.212 |
130.889 |
141.701 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of stock-in-trade |
201.992 |
125.144 |
|
|
|
|
Changes in inventories of finished goods, work in progress and
stock-in-trade |
(2.104) |
0.603 |
|
|
|
|
Employee Benefit Expenses |
1.786 |
0.580 |
|
|
|
|
Other Expenses |
1.652 |
3.091 |
|
|
|
|
TOTAL (B) |
203.326 |
129.418 |
139.990 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
1.886 |
1.471 |
1.711 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
0.750 |
0.952 |
0.753 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
1.136 |
0.519 |
0.958 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.258 |
0.306 |
0.402 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE TAX
(E-F) (G) |
0.878 |
0.213 |
0.556 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.172 |
0.131 |
0.180 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
0.706 |
0.082 |
0.376 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
6.207 |
6.125 |
5.749 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
6.913 |
6.207 |
6.125 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
3.58 |
0.41 |
1.91 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.34
|
0.06 |
0.27 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.44
|
0.17 |
0.40 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.98
|
1.54 |
3.74 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.08
|
0.58 |
0.41 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.13
|
0.58 |
0.41 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
4.72
|
12.91 |
13.27 |
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% |
-- |
|
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 |
UNSECURED LOANS
|
Unsecured Loans |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
Unsecured loan |
1.500 |
0.000 |
|
Total |
1.500 |
0.000 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate
identity number of the company |
U64202WB2002PTC094083 |
|
Name of the
company |
KARUNA TELELINK
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Meridain Plaza, 207, Chittaranjan Avenue, 2nd Floor, Kolkata – 700006,
West Bengal, India Email: cs.karunagroup@gmail.com
|
|
This form is for |
Modification of charge |
|
Charge
identification number of the modified |
80061661 |
|
Type of charge |
Book debts Floating charge |
|
Particular of charge
holder |
State Bank of
India, SSI Branch Bhowanipore, 'Premlata', 2nd Floor, 39, Shakespeare Sarani,
Kolkata – 700017, West Bengal, India Email: sbi04833@sbi.co.in |
|
Nature of
description of the instrument creating or modifying the charge |
(i) Agreement of
Loan-Cum-Hypothecation (SME-2). (ii) Form of
Agreement When the Person/ Persons Furnishing the Security is/ are also a
Holder/ Holders of Account (Form A). (iii) Revival
Letter (SME-11). (iv) Link Letter
(SME-12). Altogether read
with Letter of Arrangement (SME-1) vides Letter No. Adv/18/24, dated:
03.05.2012. |
|
Date of
instrument Creating the charge |
03.05.2012 |
|
Amount secured by
the charge |
Rs. 10.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Applicable on
Working Capital-Cash Credit @16.50% [*Base Rate+6.50%] per annum with monthly
rests. *Base Rate=10.00%
per annum, w.e.f. 13.08.2011. Terms of Repayment (i) The credit
facility shall be repayable on demand. (ii) The credit
facilities which has been sanctioned on 28/03/2012 will be available for 3
months from that date, when it may be cancelled/ reduced upon the conduct and
utilisation of the advance, or as per the Bank's Scheme. (iii) Interest
shall be paid separately on monthly basis. Margin As stipulated by
the Bank for the respective assets/ facilities from time to time. Presently
on: [A] Fund Based
Limits:- (i) Trading
Goods: 25%. (ii) Domestic
Receivables: 30% (Cover Period 60 Days). [B] Non-Fund
Based Limits:- (i) Letter of
Credit: 25%. Extent and Operation of the charge (i) First charge
over all hypothecated assets/ properties of the Company. (ii) The charge shall
be applicable to the ultimate balance that may become due to the Bank. Others The overall
amount of charge consists of only Cash Credit (Stocks and Book Debts)
facility of Rs.10.000 Millions |
|
Short particulars
of the property charged |
Hypothecation of
entire stocks, book debts, receivables and other current assets of the
Company; both present and future. |
|
Particulars of
the present modification |
By this
modification, the overall amount of charge remains the same as Rs.10.000
Millions. Charge has been modified for its revival on current terms and
conditions of SBI for a period of 3 months. Particulars of assets given as
security remain the same as before. |
FIXED ASSETS:
Ø Air Conditioner
Ø Computer and
Accessories
Ø Electrical
Installation
Ø Office Equipment
Ø Furniture and
Fixture
Ø Fire Extinguisher
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or anti-terrorism
sanction laws or whose assets were seized, blocked, frozen or ordered forfeited
for violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No 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. 54.30 |
|
|
1 |
Rs. 82.88 |
|
Euro |
1 |
Rs. 70.80 |
INFORMATION DETAILS
|
Report Prepared
by : |
BVA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
4 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
44 |
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.