MIRA
INFORM REPORT
|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
SAINATH INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
|
|
Registered
Office : |
C-75, Prince Anwar, |
|
|
|
|
|
|
Country : |
|
|
|
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
|
|
Date of
Incorporation : |
13.01.2003 |
|
|
|
|
|
|
Com. Reg. No.: |
21-185517 |
|
|
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 3.522 millions |
|
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U51211WB2003PTC185517 |
|
|
|
|
|
|
PAN No.: [Permanent Account No.] |
AAGCS9372Q |
|
|
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
|
|
Line of Business
: |
Trader, Importer and Exporter of Agri Products. |
|
|
|
|
|
|
No. of Employees : |
48 (In office 38 + In factory 10) |
|
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 618608 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. Latest
financial i.e. 2011-2012 are missing from the government department. From the
previous year record, there appears huge external borrowing recorded by the
company which seems to be increasing over years. However, trade relations are reported as fair. Business is active.
Payments are unknown. 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 (31.12.2012) |
Current Rating (31.03.2013) |
|
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’s current
account deficit or CAD in April-June widened to 4.9 % of gross domestic product.
High imports of gold and oil led to a worsening of the traqde deficit,
resulting in CAD jumping to $ 21.8 billion to the latest quarter from $ 16.9
billion in the corresponding quarter of the previous financial year. The
government aims to bring down CAD to 3.7 % or $ 70 billion, in 2013/14, from
4.8 % or $ 88.2 billion in 2012/13.
The finance ministry
has started preparations for Budget 2014/15. With general elections scheduled
to be held by May next year, there will only be an interim budget. The new
government will present the fiscal Budget.
The Supreme Court
has barred clinical trials for new drugs till a monitoring mechanism is put in
place to protect the lives of people on which the drugs are tested.
Mumbai has been named
the world’s second most honest city according to a survey on 15 cities
worldwide by Readers’ Digest magazine. Finnish capital Helsinki bagged the top
spot for the world’s most honest city while Lisbon, the capital of Portugal,
proved to be the least honest. The survey put hundreds of people to test
in four continents to find out just how honest they were by dropping wallets
and seeing how many would be returned.
3.7 % Growth of the
core sector in August, a seven month high. This takes the overall growth in
April-August this year to 2.3 % compared with 6.3 % in the corresponding period
next financial year.
$19 million
Estimated average spending by companies across the globe including India, on
social media this year, according to a global study by information technology
major Tata Consultancy Services. This will rise to $ 24 million in 2015.
Rising inflation,
fewer employment avenues and dwindling earnings are taking a toll on the
spending capacity in India. Over 72 % respondents from middle and lower middle
income families would be forced to slash their Diwali expenditure by 40 % and
on average spend nearly 25 % of their monthly salary on Diwali, according to a
survey by Assochem.
Analysts believe the
shutdown of the US government would have limited impact in sectors such as IT
or tourism that are dependent on Visa clearances.
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. Kamlesh Patel |
|
Designation : |
Director |
|
Contact No.: |
91-9303310047 |
|
|
|
|
Name : |
Mr. Saurabh Khadelwal |
|
Designation : |
Director |
|
Contact No.: |
91-9752534340 |
|
Date : |
29.11.2013 |
LOCATIONS
|
Registered Office : |
C-75, Prince Anwar, Shah Road South City Residence, Tower-3, Flat 2 I
Kolkata –
700068,
West
Bengal, India |
|
Mobile No.: |
91-9303310047 (Mr. Kamlesh Patel) |
|
E-Mail : |
|
|
Location: |
Rented |
|
|
|
|
Factory: |
Madhya Pradesh, India |
|
|
|
|
Corporate
Office: |
J R Brila Road, Madhya Pradesh, India |
DIRECTORS
AS ON 30.09.2013
|
Name : |
Mr. Kamlesh Kumar Patel |
|
|
Designation : |
Director |
|
|
Address : |
Ashirwad Bhawan, Circuit, House Chowk, Satna (Madhya Pradesh) |
|
|
Qualification: |
BSC |
|
|
Date of Appointment : |
13/09/2004 |
|
|
DIN No.: |
00010843 |
|
|
|
|
|
|
Name : |
Ms. Sangeeta Patel |
|
|
Designation : |
Director |
|
|
Qualification: |
B.com |
|
|
Address : |
Ashirwad Bhawan, Circuit, House Chowk, Satna (Madhya Pradesh) |
|
|
Date of Appointment : |
13/01/2003 |
|
|
DIN No.: |
00010871 |
|
|
|
|
|
|
Name : |
Mr. Saurabh Khandelwal |
|
|
Designation : |
Director |
|
|
Qualification: |
BA |
|
|
Address : |
Adarsh Nagar, Satna (Madhya Pradesh) |
|
|
Date of Appointment : |
13/01/2003 |
|
|
DIN No.: |
00017650 |
|
MAJOR SHAREHOLDERS
AS ON 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Kamlesh Patel |
|
34871 |
|
Dinesh Wadhawani |
|
2500 |
|
Smt. Sudha Khandelwal |
|
12500 |
|
Saurabh Khandelwal |
|
24200 |
|
Smt. Saroj Gupta |
|
7500 |
|
Smt. Rashmi Gupta |
|
5000 |
|
Brajesh Khandelwal |
|
26126 |
|
Rakesh Khandelwal |
|
1250 |
|
Rajesh Khandelwal |
|
1250 |
|
Ajay Khandelwal |
|
1250 |
|
Smt. Manju Khandelwal |
|
1250 |
|
Nageen Bhai u. Bhai |
|
3500 |
|
Harsad Bhai j. Bhai |
|
3500 |
|
Sangeeta Patel |
|
27926 |
|
Mukesh Kumar Patel |
|
15000 |
|
Anju Patel |
|
3750 |
|
Ashwin Kumar Thakkar |
|
1250 |
|
Dinu Bhai m. Bhai Patel |
|
5000 |
|
Smt. Madhu Khandelwal |
|
2500 |
|
Smt. Geeta Khandelwal |
|
3750 |
|
Sonal Khandelwal |
|
1575 |
|
Smt. Richa Khandelwal |
|
1575 |
|
Om prakash Khandelwal |
|
1575 |
|
Manish Khandelwal |
|
1575 |
|
Vijay kumar Gupta |
|
1575 |
|
Ashok Khandelwal |
|
1575 |
|
Vikas Khandelwal |
|
1250 |
|
Smt. Manjula Ben Patel |
|
17400 |
|
Raman bhai Iswar Bhai Patel |
|
5000 |
|
Prateek Patel |
|
24276 |
|
Rishi Patel |
|
11000 |
|
Global technology Convergence Private Limited |
|
100000 |
|
Total
|
|
352250 |
Equity Share Break up (Percentage of Total Equity)
AS ON 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
28.39 |
|
Directors or relatives of Directors |
66.55 |
|
Other top fifty shareholders |
5.06 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader, Importer and Exporter of Agri Products. |
|
|
|
|
Export : |
|
|
Products |
Finished Goods |
|
Countries |
·
Dubai ·
Kenya |
|
|
|
|
Import: |
|
|
Products |
Pluses |
|
Countries |
·
Canada ·
Australia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash, Credit |
|
|
|
|
Purchasing : |
Cash, Credit |
GENERAL INFORMATION
|
Suppliers : |
Agri Commodity |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Customers: |
Ruchi Soya |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
No. of Employees : |
48 (In office 38 + In factory 10) |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Bankers : |
·
HDFC Bank Limited, HDFC Bank House Senapati Bapat Marg, Lower
Parel (west), Mumbai - 400013, Maharashtra, India ·
Axis Bank Limited, Tiwari Tower, Upper Ground Floor, Rewa
road, Satna - 485001, Madhya Pradesh, India ·
Axis Bank Limited, Trishul 3rd floor Opposite
Samartheshwar Temple,
Law garden Ellis Bridge, Ahmedabad - 380006, Gujarat, India |
|||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
|
Facilities : |
Cash Credit – Rs.220.000 Millions (HDFC Bank)
|
|
|
|
|
Banking
Relations : |
---- |
|
|
|
|
Auditors : |
|
|
Name : |
M.R. Daga and Company chartered Accountants |
|
Address : |
TMD Complex Rewa road, Satna -
485001, Madhya Pradesh, India |
|
PAN No.: |
ADPPD1363H |
|
|
|
|
Sister Concern: |
Stell Traders |
|
|
|
|
Joint Venture: |
Ras Infraport Private Limited CIN No.: U45400WB2009PTC139145 |
|
|
|
|
Subsidiaries: |
Astra Vyapar Private Limited CIN No.: U51909WB2007PTC113155 |
CAPITAL STRUCTURE
AS ON 30.09.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
|
7500000 |
Preference Shares |
Rs.10/- each |
Rs. 75.000 Millions |
|
|
Total |
|
Rs. 80.000
Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
352250 |
Equity Shares |
Rs.10/- each |
Rs.3.522 Millions |
|
|
|
|
|
|
5772900 |
Preference Shares |
Rs.10/- each |
Rs. 57.729 Millions |
|
|
Total |
|
Rs. 61.251
Millions |
AS ON 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.10/- each |
Rs. 5.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
352250 |
Equity Shares |
Rs.10/- each |
Rs.3.522 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
61.251 |
61.251 |
3.522 |
|
(b) Reserves & Surplus |
93.401 |
88.119 |
77.102 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
154.652 |
149.370 |
80.624 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
87.254 |
52.422 |
37.741 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long term liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current Liabilities (3) |
87.254 |
52.422 |
37.741 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
225.323 |
236.561 |
201.613 |
|
(b) Trade payables |
19.412 |
36.270 |
20.873 |
|
(c) Other current
liabilities |
1.398 |
1.169 |
0.970 |
|
(d) Short-term provisions |
4.025 |
0.000 |
0.000 |
|
Total Current Liabilities (4) |
250.158 |
274.000 |
223.456 |
|
|
|
|
|
|
TOTAL |
492.064 |
475.792 |
341.821 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
7.167 |
7.597 |
7.865 |
|
(ii) Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
129.880 |
92.947 |
12.918 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
32.545 |
22.723 |
4.081 |
|
(e) Other Non-current assets |
0.433 |
0.443 |
0.000 |
|
Total Non-Current Assets |
170.025 |
123.710 |
24.864 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
0.000 |
0.000 |
0.000 |
|
(b) Inventories |
105.529 |
162.986 |
151.976 |
|
(c) Trade receivables |
144.245 |
110.757 |
91.268 |
|
(d) Cash and cash
equivalents |
20.423 |
8.981 |
8.394 |
|
(e) Short-term loans and
advances |
51.842 |
69.358 |
65.319 |
|
(f) Other current assets |
0.000 |
0.000 |
0.000 |
|
Total Current Assets |
322.039 |
352.082 |
316.957 |
|
|
|
|
|
|
TOTAL |
492.064 |
475.792 |
341.821 |
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL (A) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expense |
|
|
|
|
|
|
Raw material consumed |
|
|
|
|
|
|
Manufacturing expense |
|
|
|
|
|
|
Employment cost |
|
|
|
|
|
|
Administrative Expense |
|
|
|
|
|
|
Increase/decrease in stock |
|
|
|
|
|
|
TOTAL (B) |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
|
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
|
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
13.835 |
16.439 |
8.057 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
|
2.509 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
9.307 |
11.017 |
5.548 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
41.742 |
30.725 |
25.176 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Dividend |
3.464 |
0.000 |
0.000 |
|
|
|
Tax on Dividend |
0.562 |
0.000 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
47.023 |
41.742 |
30.724 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
529.083 |
184.307 |
NA |
|
|
|
Other Earnings |
49.339 |
7.733 |
NA |
|
|
TOTAL EARNINGS |
578.422 |
192.04 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
NA |
21.185 |
NA |
|
|
TOTAL IMPORTS |
NA |
21.185 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
NA
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
3.82 |
4.29 |
2.45 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
0.11 |
0.10
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total D/Networth) |
|
2.02
|
1.93 |
2.96
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.29
|
1.28 |
14.77
|
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
two 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 |
Yes |
|
18] |
Major customers |
Yes |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details
(if applicable) |
Yes |
|
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 |
NOTE :
Registered office of the company has been
shifted from Shri Ram
Market J.P.Birla Road, District - Satna – 485001, Madhya Pradesh India to the
present address w.e.f. 08.08.2012
Fixed Assets
·
Freehold Land and
Building
·
Plant and Machinery
·
Furniture and Fixture
·
Motor Cycle
·
Cars
·
Computer and Peripherals
·
Office Equipment
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.62.13 |
|
|
1 |
Rs.101.54 |
|
Euro |
1 |
Rs.85.41 |
INFORMATION DETAILS
|
Information Gathered
by : |
HTL |
|
|
|
|
Report Prepared
by : |
SDA |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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 |
|
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.