MIRA
INFORM REPORT
|
Report Date : |
18.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
KARLE INTERNATIONAL PRIVATE LIMITED |
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Registered
Office : |
No. 151, Industrial Suburb, Yeshwanthpur, Bangalore – 560022, Karnataka |
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Country : |
India |
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Financials (as
on) : |
31.03.2012 |
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Date of
Incorporation : |
10.09.2008 |
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Com. Reg. No.: |
08-047741 |
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Capital
Investment / Paid-up Capital : |
Rs.227.000 Millions |
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CIN No.: [Company Identification
No.] |
U51909KA2008PTC047741 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacture and sale of a wide range of readymade garments. |
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No. of Employees
: |
Not divulged |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 2870000 |
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|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track record. The management has failed to file its financial with government
department for the year 2013. As per available financial of 2012, the rating reflects
working-capital-intensive operations, marked by high inventory level, and its
weak financial risk profile, marked by weak capital structure and
below-average debt protection metrics. However, trade relations are fair. Business is active. Payment terms are slow but correct. 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 – March 31st, 2013
|
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 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
The current downturn
provides an opportunity to push ahead with reforms to accelerate growth, says
the latest India Development Update report released by the World Bank. The
report says that the adverse effects of rupee depreciation are likely to be
offset by the gains in the exports performance due to improved external
competitiveness. Since May this year, the local currency has depreciated
substantially and fell to a record level of Rs 68.85 to a dollar on August, 28.
A stagflation like
situation appears to have arisen as inflation jumped to an eight month high of
6.46 % for the month of September. It is up from 6.10 % in August. Growth
continues to be muted with factory output plunging to 0.6 % in August.
Onion prices have risen nearly 300 % from last September. Vegetables cost
nearly 90 % more than they did last year. Wake up to the economic contribution
of slum dwellers. They contribute more than 7.5 % to the country’s gross
domestic product, according to a recent study conducted in 50 top cities.
136000 estimated
number of jobs created during the second quarter of the current financial year.
50000 estimated number of additional jobs in the field of corporate social
responsibility in the coming years.
The International
Finance Corporation expects to come out with its rupee linked bonds issue
before the end of 2013 as a part of its plan to raise $ 1 billion. The Apple
iPhone 5c (Rs 41900 for 16 GB variant) and 5s (Rs 53500 for 16GB variant) has
been launched in India from 1st November.
The Land Acquisition
Act to provide just and fair compensation to farmers will come into force from
January 1 next year, said Rural Development Minister Jairam Ramesh. The Act
replaces a 119 year old registration. The Securities and Exchange Board of
India has approved the trading of currency futures on the Bombay Stock
Exchange. The exchange plans to launch the currency futures platform with
advanced trading technology by the end of November.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BB- (Long Term Rating) |
|
Rating Explanation |
Moderate risk of default and moderate credit
risk. |
|
Date |
June 28, 2013 |
|
Rating Agency Name |
CRISIL |
|
Rating |
A4+ (Short Term Rating) |
|
Rating Explanation |
Minimal degree of safety and higher credit
risk. |
|
Date |
June 28, 2013 |
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 DENIED
Management Non Cooperative (91-80-23373992)
LOCATIONS
|
Registered Office : |
No. 151, Industrial Suburb, Yeshwanthpur, Bangalore –
560022, Karnataka, India |
|
Tel. No.: |
91-80-23577460 / 23577009 / 23576863 / 51285302 |
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Fax No.: |
91-80-23374729 / 23473442 |
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E-Mail : |
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Website : |
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Factory 1 : |
203/73,
Nagasandra Village, Tumkur Road, Bangalore-560073, Karnataka, India |
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Tel. No.: |
91-80-23373992/28397687/28399046/28399043 |
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Fax No.: |
91-80-41285301/
11 |
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Area : |
100000 Sq. ft |
|
Location : |
Owned |
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Factory 2 : |
Survey No. 26/1,
26/2 and 27/2, Mallarabanavadi Village, Kunigal Road, Kasaba Hobli,
Nelamangala Taluka, Bangalore - 562123, Karnataka, India |
|
Tel. No.: |
91-80-23577460/32504549/27700568/27700493 |
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Fax No.: |
91-80-23374729 |
|
Location : |
Owned |
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|
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Branch Office : |
71, 1st and 2nd Stage, Rajajinagar Ward No. 10,
Near |
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Tel. No.: |
91-80-23577460/32504549 |
|
Fax No.: |
91-80-23374729 |
DIRECTORS
As on: 24.09.2012
|
Name : |
Mr. Sudarshan Karle |
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Designation : |
Director |
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Address : |
101, 7th Cross, 3rd Main, RMV 2nd Stage, |
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Date of Birth/Age : |
15.12.1953 |
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Qualification : |
BE |
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PAN No.: |
AFAPK7457G |
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Date of Appointment : |
10.09.2008 |
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DIN No.: |
00291428 |
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Other Directorship :
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Name : |
Mr. Mahendra Karle |
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Designation : |
Director |
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Address : |
Vidya Kunj, 156, |
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Date of Birth/Age : |
02.01.1956 |
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Qualification : |
BE |
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PAN No.: |
AFAPK7456H |
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Date of Appointment : |
10.09.2008 |
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DIN No.: |
00291472 |
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Other Directorship :
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 24.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sudarshan Karle |
|
5803760 |
|
Mahendra Karle |
|
1992000 |
|
Fiona Karle |
|
5083760 |
|
Kyung Seon Cho |
|
8895520 |
|
Sudarshan Karle (HUF) |
|
8480 |
|
Mahendra Karle (HUF) |
|
8480 |
|
K.S. Prasanna |
|
908000 |
|
|
|
|
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Total |
|
22700000 |
Equity Share Break up (Percentage of Total Equity)
As on: 24.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacture and sale of a wide range of readymade garments. |
GENERAL INFORMATION
|
No. of Employees : |
Not divulged |
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Bankers : |
·
State Bank of India, Specialised Commercial Branch,
Krishi Bhavan, First Floor, Hudson Circle, Bangalore – 560001, Karnataka,
India ·
Punjab National Bank, Large Corporate Branch,
Centenary Building, 28 M G Road, Bangalore – 560001, Karnataka, India ·
HDFC Bank Limited ·
The Bank of Rajasthan Limited, 11-C, Mittal
Tower, M.G. Road, Bangalore – 560001, Karnataka, India |
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Facilities : |
(Rs.
In Millions)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
K.V. Radhakrishna
and Company Chartered
Accountants |
|
Address : |
# 12, 3rd
Floor, Narang Chambers, Narasimha Raja Road, Bangalore – 560 002, Karnataka,
India |
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Tel. No.: |
91-80-22218957/58 |
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E-Mail : |
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PAN No.: |
AAMFK1986D |
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Associates : |
· L T Karle and Company · Karle Properties · Bharathi Housing Factory · Millanium Apparels · Karle Packaging Private Limited · Karle Infra Private Limited · Cymbio Pharma Private Limited · Karle Health Sciences Private Limited · ETI Karle Clinical Private Limited · Brain and Beyond Biotech Private Limited · Karle Homes Private Limited · Karle Tech Park Private Limited · J and F International |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22700000 |
Equity Shares |
Rs.10/- each |
Rs.227.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
22700000 |
Equity Shares |
Rs.10/- each |
Rs.227.000 Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
EQUITY AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
227.000 |
212.000 |
|
(b) Reserves & Surplus |
|
492.879 |
335.450 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
719.879 |
547.450 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) long-term borrowings |
|
171.527 |
278.628 |
|
(b) Deferred tax liabilities (Net) |
|
36.499 |
34.089 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
20.218 |
9.558 |
|
Total Non-current
Liabilities (3) |
|
228.244 |
322.275 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short term borrowings |
|
933.981 |
748.989 |
|
(b) Trade payables |
|
127.757 |
128.980 |
|
(c) Other current liabilities |
|
233.729 |
393.203 |
|
(d) Short-term provisions |
|
18.041 |
25.945 |
|
Total Current
Liabilities (4) |
|
1313.508 |
1297.117 |
|
|
|
|
|
|
TOTAL |
|
2261.631 |
2166.842 |
|
|
|
|
|
|
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
825.031 |
836.047 |
|
(ii) Intangible Assets |
|
14.432 |
17.640 |
|
(iii) Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv) Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.200 |
0.200 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
59.039 |
36.228 |
|
(e) Other Non-current assets |
|
0.052 |
1.130 |
|
Total Non-Current
Assets |
|
898.754 |
891.245 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
1055.970 |
917.320 |
|
(c) Trade receivables |
|
116.243 |
147.370 |
|
(d) Cash and cash equivalents |
|
56.701 |
44.446 |
|
(e) Short-term loans and advances |
|
133.963 |
166.461 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current
Assets |
|
1362.877 |
1275.597 |
|
|
|
|
|
|
TOTAL |
|
2261.631 |
2166.842 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
180.000 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
13.149 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
193.149 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
947.978 |
|
|
2] Unsecured Loans |
|
|
498.824 |
|
|
TOTAL BORROWING |
|
|
1446.802 |
|
|
DEFERRED TAX LIABILITIES |
|
|
17.085 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1657.036 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
854.975 |
|
|
Capital work-in-progress |
|
|
15.126 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.200 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
670.126
|
|
|
Sundry Debtors |
|
|
91.831
|
|
|
Cash & Bank Balances |
|
|
69.768
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
201.703
|
|
Total
Current Assets |
|
|
1033.428 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
133.731
|
|
|
Other Current Liabilities |
|
|
90.078
|
|
|
Provisions |
|
|
25.092
|
|
Total
Current Liabilities |
|
|
248.901 |
|
|
Net Current Assets |
|
|
784.527 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
2.208 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
1657.036 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1820.064 |
1654.138 |
1247.642 |
|
|
|
Other Income |
63.717 |
23.867 |
28.299 |
|
|
|
TOTAL (A) |
1883.781 |
1678.005 |
1275.941 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL (B) |
1649.838 |
1499.641 |
1148.122 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
233.943 |
178.364 |
127.819 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
153.068 |
126.887 |
100.711 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
80.875 |
51.477 |
27.108 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
30.816 |
29.998 |
22.574 |
|
|
|
|
|
|
|
|
|
Less/ Add |
EXCHANGE GAIN/
LOSS |
(24.895) |
30.694 |
31.620 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
25.164 |
52.173 |
36.154 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
2.735 |
17.873 |
24.238 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
22.429 |
34.300 |
11.916 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Exports |
1604.242 |
1474.990 |
1103.978 |
|
|
|
Others |
0.000 |
0.000 |
0.745 |
|
|
TOTAL EARNINGS |
1604.242 |
1474.990 |
1104.723 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Capital Goods |
|
|
5.623 |
|
|
|
Raw Materials and Accessories |
|
|
462.740 |
|
|
|
Stores & Spares |
|
|
1.511 |
|
|
TOTAL IMPORTS |
NA |
NA |
469.874 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.99 |
NA |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.19 |
2.04
|
0.93 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.38 |
3.15
|
2.90 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.11 |
2.41
|
1.91 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.03 |
0.09
|
0.19 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.53 |
1.88
|
7.49 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04 |
0.98
|
4.15 |
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 |
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 |
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 |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
Yes |
|
29] |
Last accounts filed at ROC |
No |
|
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 |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
UNSECURED LOAN
(Rs.
In Millions)
|
Particular |
As on 31.03.2012 |
As on 31.03.2011 |
|
LONG-TERM
BORROWINGS |
|
|
|
Rupee term loans from banks |
3.643 |
4.970 |
|
Rupee term loans from others |
0.000 |
1.852 |
|
Loans and advances from directors |
75.820 |
92.583 |
|
Loans and advances from others |
64.952 |
65.854 |
|
|
|
|
|
Total |
144.415 |
165.259 |
INDEX OF CHARGES
|
S.No. |
Charge ID |
Date of Charge Creation/Modification |
Charge amount secured |
Charge Holder |
Address |
Service Request Number (SRN) |
|
1 |
10140274 |
06/02/2013 * |
1,605,000,000.00 |
STATE BANK OF INDIA |
SPECIALISED COMMERCIAL BRANCH, 1ST FLOOR, KRISHI BHAVAN, HUDSON CIRCLE, BANGALORE, Karnataka - 560001, INDIA |
B69432854 |
* Date of charge modification
FIXED ASSETS
·
Land
·
Buildings
·
Plant and Machinery
·
Tools and Equipments
·
Electrical Installations
·
Office Equipments
·
Furniture and Fixtures
·
Computers and Software
·
Vehicles
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 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.61.96 |
|
|
1 |
Rs.101.14 |
|
Euro |
1 |
Rs.85.33 |
INFORMATION DETAILS
|
Information
Gathered by : |
NAY |
|
|
|
|
Report Prepared
by : |
VRN |
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 |
4 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
|
|
|
|
TOTAL |
|
32 |
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.