MIRA
INFORM REPORT
|
Report Date : |
27.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
EXCELSIOR LEATHERS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
S-3 and S-4, Kasba Industrial Estate, Phase - I, Kolkata – 700 107, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation
: |
23.11.1989 |
|
|
|
|
Com. Reg. No.: |
21-047905 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.198
millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51216WB1989PTC047905 |
|
|
|
|
TAN No.: [Tax Deduction & Collection
Account No.] |
CALE01101C |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Exporter of Leather Footwear. |
|
|
|
|
No. of Employees
: |
60 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 300000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established having a satisfactory track record. Trade relations are reported as fair. Business is active. Payment 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 – 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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
Uptick in
agriculture and construction spread some cheer as the economy grew a
higher-than-expected 4.8 % in the three months through September. Manufacturing
rose an annual rate per cent during the quarter and mining fell by 0.4 %,
government data showed while farm output rose 46%.
India has emerged as
the most attractive investment destination, thanks to a relaxation in foreign
direct investment norms, says a report. India is followed by Brazil and China
in the ranking part of EY’s Capital Confidence Barometer report based on a
survey across 70 nations. The US, France and Japan have emerged as the top
three investors likely to invest in India.
India has been
ranked 83rd globally in terms of talent competitiveness of its human
capital. Switzerland, Singapore, Denmark, Sweden and Luxembourg are the
top five in the list of 103 nations compiled by INSEAD business school.
Tax rates for
companies in India are among the highest in the world and the number of
payments is also more than the global average putting the country at low, 158th
rank on the Paying Taxes. 2014 list by the World Bank and PWC. However, the
time taken for tax payments is relatively less in India which is rated ahead of
China and Japan.
1 billion smartphone
shipments in 2013, a 39.3 % growth over 2012. This was being driven by low cost
computing in emerging markets. By 2017, total smartphone shipments are expected
to approach 1.7 billion units, resulting in a compound annual growth rate of
18.4 % between 2013 and 2017, according to research from IDC.
20 % vacancy rate of
office space in Mumbai and Delhi in the third quarter, the highest in Asia
after Chengdu, in China. According to Cushman and Wakefield, six Indian cities are
among the 10 office markets with the worst vacancies.
Foreign banks will
not have to pay stamp duty and capital gains tax, if they convert their branch
operations into a wholly owned subsidiary, according to the Reserve Bank of
India.
The Reserve Bank of
India is planning to launch CPI – indexed bonds aimed to protecting the savings
of retail investors from the impact the price rise by December end.
Central Bureau of
Investigation has booked State Bank of India, Deputy Managing Director Shyamal
Acharya and others in a graft case related to distribution of a loan of over Rs
4000 mn. Gold and jewellery worth Rs 6.7 mn have been recovered from the
residence of Acharya.
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. Indrasish |
|
Designation : |
Accounts Executive |
|
Contact No.: |
91-33-24420753 |
|
Date : |
24.12.2013 |
LOCATIONS
|
Registered Office / Factory 1 : |
S-3 and S-4, Kasba Industrial Estate, Phase - I, Kolkata – 700 107,
West |
|
Tel. No.: |
91-33-24420753/ 2120/ 24433101/ 24422120 |
|
Fax No.: |
91-33-24427318 |
|
E-Mail : |
|
|
Website : |
http://www.excelsiorleathers.com
(under construction) |
|
Location: |
Owned |
DIRECTORS
As on 30.09.2013
|
Name : |
Mr. Sanjay Choudhury |
|
Designation : |
Director |
|
Address : |
21, Ballygunge Park Road, 301, |
|
Date of Birth/Age : |
02.10.1962 |
|
Date of Appointment : |
23.11.1989 |
|
Election Commission Identity Card No. |
MFN2442622 |
|
DIN No.: |
00484993 |
|
|
|
|
Name : |
|
|
Designation : |
Director |
|
Address : |
21, Ballygunge Park Road, 301, |
|
Date of Birth/Age : |
07.11.1930 |
|
Date of Appointment : |
23.11.1989 |
|
Election Commission Identity Card No. |
MFN2442614 |
|
DIN No.: |
00758585 |
|
|
|
|
Name : |
Mr. Anirudh Choudhary |
|
Designation : |
Additional director |
|
Address : |
21, Ballygunge Park Road, 301, |
|
Date of Birth/Age : |
30.08.1989 |
|
Date of Appointment : |
04.01.2012 |
|
DIN No.: |
05159495 |
KEY EXECUTIVES
|
Name : |
Mr. Indrasish |
|
Designation : |
Accounts Executive |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 30.09.2013
|
Names of Shareholders |
|
No. of Shares |
|
Sanjay Choudhary |
|
14400 |
|
Hargovind Prasad Choudhary |
|
420 |
|
Krishnadevi Choudhary |
|
1320 |
|
Rekha Choudhary |
|
6340 |
|
Tassie Impex |
|
100 |
|
Century Vyapaar Private Limited, India |
|
29400 |
|
|
|
|
|
Total |
|
51980 |
Equity Share Break up (Percentage of Total Equity)
As on 30.09.2013
|
Category |
Percentage |
|
Bodies corporate |
56.57 |
|
Directors or relatives of Directors |
43.43 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Leather Footwear. |
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|
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Products : |
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Exports : |
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||||
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Products : |
Finished Goods |
||||
|
Countries : |
·
Europe ·
Canada |
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|
||||
|
Terms : |
|
||||
|
Selling : |
L/C and Credit |
||||
|
|
|
||||
|
Purchasing : |
L/C and Credit |
PRODUCTION STATUS (AS ON 31.03.2011)
|
Particulars |
Unit |
Actual
Production |
|
Leather Footwear : |
|
|
|
own production |
Pairs |
252,585 |
GENERAL INFORMATION
|
Customers : |
·
Retailers ·
End Users |
||||||||||||
|
|
|
||||||||||||
|
No. of Employees : |
60 (Approximately) |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
Bank of Baroda,
International Business Branch, 4, India Exchange Place, Kolkata - 700001,
West Bengal, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Saraf Jalan and Company Chartered Accountants |
|
Address : |
24, |
|
Tel. No.: |
91-33-22480268, 22484564, 22486667 |
|
Fax No.: |
91-33-22133571 |
|
E-Mail : |
|
|
PAN N Income-tax PAN of auditor or auditor's firm : |
AAUFS9996B |
CAPITAL STRUCTURE
As on 31.03.2013
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
55000 |
Equity Shares |
Rs.100/- each |
Rs. 5.500 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51980 |
Equity Shares |
Rs.100/- each |
Rs.
5.198Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2013 |
31.03.2012 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
5.198 |
5.198 |
|
(b) Reserves & Surplus |
|
68.988 |
66.897 |
|
(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) |
|
74.186 |
72.095 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
41.403 |
32.318 |
|
(b) Deferred tax liabilities (Net) |
|
1.336 |
0.213 |
|
(c) Other long term liabilities |
|
0.000 |
0.187 |
|
(d) long-term provisions |
|
3.225 |
2.362 |
|
Total Non-current Liabilities (3) |
|
45.964 |
35.08 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term borrowings |
|
27.023 |
35.114 |
|
(b) Trade payables |
|
28.575 |
49.949 |
|
(c) Other current
liabilities |
|
3.665 |
1.366 |
|
(d) Short-term provisions |
|
0.307 |
0.863 |
|
Total Current Liabilities (4) |
|
59.570 |
87.292 |
|
|
|
|
|
|
TOTAL |
|
179.720 |
194.467 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
44.107 |
10.634 |
|
(ii) Intangible Assets |
|
0.000 |
29.224 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
9.180 |
31.187 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
24.164 |
25.020 |
|
(e) Other Non-current assets |
|
0.122 |
0.121 |
|
Total Non-Current Assets |
|
77.573 |
96.186 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
11.200 |
0.000 |
|
(b) Inventories |
|
23.353 |
33.745 |
|
(c) Trade receivables |
|
46.737 |
51.446 |
|
(d) Cash and cash
equivalents |
|
6.286 |
2.823 |
|
(e) Short-term loans and
advances |
|
14.571 |
9.267 |
|
(f) Other current assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
102.147 |
97.281 |
|
|
|
|
|
|
TOTAL |
|
179.720 |
193.467 |
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
5.198 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
64.774 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
69.972 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
13.119 |
|
|
2] Unsecured Loans |
|
|
34.397 |
|
|
TOTAL BORROWING |
|
|
47.516 |
|
|
|
|
|
|
|
|
ADVANCE FROM OTHERS |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.129 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
117.617 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
9.674 |
|
|
Capital work-in-progress |
|
|
15.937 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
15.580 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
33.966
|
|
|
Sundry Debtors |
|
|
40.335
|
|
|
Cash & Bank Balances |
|
|
7.031
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
28.455
|
|
Total
Current Assets |
|
|
109.787
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
29.905
|
|
|
Other Current Liabilities |
|
|
1.094
|
|
|
Provisions |
|
|
2.362
|
|
Total
Current Liabilities |
|
|
33.361
|
|
|
Net Current Assets |
|
|
76.426
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
117.617 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
152.902 |
17.913 |
NA |
|
|
|
Other Income |
NA |
NA |
NA |
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
TAX |
NA |
NA |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
2.091 |
2.145 |
NA |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
FOB Value of Export |
54.751 |
82.243 |
104.680 |
|
|
|
|
|
|
|
|
|
CIF VALUE OF
IMPORT |
1.320 |
10.491 |
0.414 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
40.22 |
41.26 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2013 |
31.03.2012 |
31.03.2011 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.92
|
0.93 |
0.68 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.71
|
1.11 |
3.29 |
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 |
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 |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
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 |
Yes |
|
34] |
External Agency Rating,
if available |
No |
FINANCIAL RESULTS:
The company earned a Net Profit Rs.2.091 Millions during the year under
report. So total surplus os 2.091 Millions transferred to reserve and surplus
A/c.
OPERATION
The sales made by company for the year under report stand at Rs.152.902
Millions and the same is likely to go up in the current year.
UNSECURED LOAN
|
PARTICULARS |
31.03.2013 (Rs.
in Millions) |
31.03.2012 (Rs.
in Millions) |
|
Long-term
Borrowings |
|
|
|
Form related parties |
36.836 |
26.156 |
|
Form related Others |
4.567 |
6.162 |
|
Short-term
borrowings |
|
|
|
Form related parties |
8.328 |
32.204 |
|
Form related Others |
18.695 |
2.905 |
|
Total |
68.426 |
67.427 |
INDEX OF CHARGES
|
S.NO. |
CHARGE ID |
DATE OF CHARGE CREATION/MODIFICATION
|
CHARGE AMOUNT
SECURED |
CHARGE HOLDER |
ADDRESS |
SERVICE REQUEST
NUMBER (SRN) |
|
1 |
10467059 |
30/10/2013 |
50,000,000.00 |
CITIBANK N.A |
KANAK BUILDING,
41 CHOWRINGHEE ROAD, KOLKATA, WEST BENGAL - 700071, INDIA |
B92344449 |
|
2 |
90253388 |
06/04/2010 * |
28,000,000.00 |
BANK OF BARODA |
INTERNATIONAL
BUSINESS BRANCH, 4, INDIA EXCHANGE |
A83971051 |
|
3 |
90256834 |
05/04/2010 * |
37,000,000.00 |
BANK OF BARODA |
INTERNATIONAL
BUSINESS BRANCH, 4, INDIA EXCHANGE |
A83972133 |
* Date of charge modification
FIXED ASSETS:
v
Land and Shed
v
Building
v
Plant and Machinery
v
Last and Dies
v
Furniture and Fixture / Fax
v
Computer and Accessories
v
Generator Set
v
Tubewell
v
Electrical Installation
v
Air Conditioner
v
Water Cooler
v
Motor Car
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.61.78 |
|
|
1 |
Rs.101.49 |
|
Euro |
1 |
Rs.84.79 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLK |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
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 |
YES |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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.