|
Report Date : |
31.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
BANGIYA GRAMIN VIKASH BANK |
|
|
|
|
Registered
Office : |
Chuanpur N. H. 34, Berhampire - 742101 |
|
|
|
|
Country : |
|
|
|
|
|
Financial (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation/ Year of Establishment : |
21.02.2007 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Not Divulged |
|
|
|
|
Legal Form : |
Public Sector Bank |
|
|
|
|
Line of Business
: |
Banking Activities |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (47) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject was formed as new Regional Rural Bank, though notification in
the official gazette of Government of India. It has been constituted by amalgamation of fire Regional Rural Banks
in West Bengal. The bank has reported a decent profit with the help of which it has
been gradually wiping off its accumulated losses during 2012. However, trade relations are fair. Business is active. Payment terms
are reported as usually correct. In view of strong financial, technical and managerial support from its
shareholders viz. Government of India and Government of West Bengal, the
subject 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 DECLINED BY
Management non-cooperative
Tel. No.: 91-3482-224515
LOCATIONS
|
Registered Office : |
Chuanpur N. H. 34, Berhampire - 742101 |
|
Tel. No.: |
91-3482-224515 |
|
Fax No.: |
Not Available |
|
|
|
|
Regional Office : |
Located at: · Bankura · Kolkata · Midnapore · Purulia · Nadia · Malda · Dinajpur ·
Murshidabad |
DIRECTORS
|
Name : |
Mr. Umesh Chandra |
|
Designation : |
Chairman |
|
|
|
|
Name : |
Mr. Amitava Chakraborty |
|
Designation : |
Nominee Director |
|
|
|
|
Name : |
Mrs. Soghra Azeez |
|
Designation : |
Nominee Director |
|
|
|
|
Name : |
Mrs. Raksha Mishra |
|
Designation : |
Deputy General Manager, RPCD |
|
|
|
|
Name : |
Mr. P Narasimhan |
|
Designation : |
Deputy General Manager |
|
|
|
|
Name : |
Mr. Manas Dhar |
|
Designation : |
General Manager |
|
|
|
|
Name : |
Mr. Abdul Wahid |
|
Designation : |
Dy. General Manager and CRM |
KEY EXECUTIVES
|
Name : |
Mr. Saurabh Das |
|
Designation : |
Principal Secretary |
|
|
|
|
Name : |
Mr. A.K. Das |
|
Designation : |
Special Secretary |
BUSINESS DETAILS
|
Line of Business : |
Banking Activities |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
|
Capital Investment : |
|
|
Owned : |
Not Divulged |
|
Borrowed : |
Not Divulged |
|
Total : |
Not Divulged |
FINANCIAL DATA
[all figures are
in Rupees Millions]
PERFORMANCE OF THE BANK DURING LAST THREE YEARS AT A GLANCE
HEAD OFFICE
(Rs. In Millions)
|
SL |
KEY PERFORMANCE
INDICATORS |
2009-10 |
2010-11 |
2011-12 |
|
1 |
NO. OF DISTRICTS COVERED |
1.100 |
1.100 |
1.100 |
|
2 |
NO. OF BRANCHES |
55.000 |
55.200 |
57.300 |
|
|
A) RURAL |
47.300 |
47.300 |
48.200 |
|
|
B) SEMI-URBAN |
6.000 |
6.200 |
6.800 |
|
|
C) URBAN |
1.700 |
1.700 |
2.300 |
|
|
D) METROPOLITAN |
0.000 |
0.000 |
0.000 |
|
3 |
TOTAL NO. OF EMPLOYEES |
304.100 |
298.200 |
288.200 |
|
|
OF WHICH NO. OF OFFICERS |
126.400 |
122.600 |
119.700 |
|
4 |
TOTAL BUSINESS |
73901.200 |
88539.200 |
101533.700 |
|
5 |
TOTAL DEPOSITS |
51534.700 |
59895.400 |
66798.600 |
|
|
GROWTH % |
20.98 |
16.22 |
11.53 |
|
|
A) CURRENT DEPOSIT |
600.400 |
1597.400 |
2148.900 |
|
|
GROWTH % |
28.10 |
166.06 |
34.55 |
|
|
B) SAVINGS DEPOSIT |
27607.900 |
33754.300 |
36010.800 |
|
|
GROWTH % |
24.27 |
25.32 |
6.68 |
|
|
C) TERM DEPOSIT |
23326.400 |
24543.800 |
28638.900 |
|
|
GROWTH % |
17.23 |
5.22 |
16.68 |
|
6 |
BORROWINGS A) DRAWN |
1395.500 |
1595.900 |
2900.000 |
|
|
B) OUTSTANDING |
2108.300 |
2269.200 |
3481.600 |
|
7 |
TOTAL ADVANCE |
22366.500 |
28643.800 |
34735.100 |
|
|
GROWTH % |
25.66 |
28.07 |
21.26 |
|
|
i) AGRL & ALLIED ACTIVITY |
8568.200 |
11414.300 |
14846.200 |
|
|
ii) MICRO & SMALL ENTERPRISE |
5060.800 |
7888.700 |
8485.400 |
|
|
iv) OTHER PRIORITY SECTOR |
4472.500 |
4535.600 |
5946.600 |
|
|
v) TOTAL PRIORITY SECTOR ADVANCE |
18101.500 |
23838.600 |
29278.200 |
|
|
vii) NON-PRIORITY SECTOR |
4265.000 |
4805.200 |
5456.900 |
|
8 |
CD RATIO |
43.40 |
47.82 |
52.00 |
|
9 |
INVESTMENT |
28687.700 |
29204.100 |
31597.900 |
|
|
A) SLR |
16217.500 |
18533.600 |
18160.800 |
|
|
B) NON-SLR |
12470.200 |
10670.500 |
13437.100 |
|
10 |
ID RATIO |
55.67 |
48.66 |
47.30 |
|
11 |
AVERAGE DEPOSIT |
46440.100 |
55213.000 |
62420.300 |
|
12 |
AVERAGE BORROWINGS |
1295.900 |
2061.900 |
2479.000 |
|
13 |
AVERAGE ADVANCE |
18857.500 |
24338.000 |
30834.900 |
|
14 |
AVERAGE INVESTMENT |
26507.900 |
30170.900 |
30967.200 |
* EXCLUDING IBPC
|
SL |
KEY PERFORMANCE
INDICATORS |
2009-10 |
2010-11 |
2011-12 |
|
15 |
QUANTUM DISBURSEMENT DURING THE FINANCIAL YEAR |
14000.400 |
18283.900 |
22858.100 |
|
|
i) AGRL & ALLIED ACTIVITY |
7183.500 |
8184.200 |
142079.00 |
|
|
ii) MICRO & SMALL ENTERPRISE |
2430.000 |
4177.500 |
3187.700 |
|
|
iii) OTHER PRIORITY SECTOR |
2729.700 |
3486.700 |
2262.500 |
|
|
iv) NON-PRIORITY SECTOR |
1657.200 |
2435.500 |
3200.000 |
|
16 |
PRODUCTIVITY |
|
|
|
|
16.1 |
PER BRANCH |
134.366 |
160.397 |
177.197 |
|
16.2 |
PER EMPLOYEE |
24.300 |
29.697 |
35.230 |
|
17 |
ASSET CLASSIFICATION |
|
|
|
|
|
A) STANDARD |
20591.500 |
27035.400 |
32987.000 |
|
|
B) SUB-STANDARD |
396.000 |
328.000 |
492.400 |
|
|
C) DOUBTFUL |
1323.400 |
1231.300 |
1218.300 |
|
|
D) LOSS |
55.600 |
49.000 |
37.400 |
|
|
TOTAL NPA |
1775.000 |
1608.300 |
1748.100 |
|
|
TOTAL ADVANCE |
22366.500 |
28643.800 |
34735.100 |
|
18 |
STANDARD ASSETS AS % OF GROSS LOANS & ADVANCES |
92.06 |
94.39 |
94.97 |
|
|
A) GROSS NPA (%) |
7.94 |
5.61 |
5.03 |
|
|
B) NET NPA (%) |
3.83 |
2.95 |
2.54 |
|
|
PROFITABILITY ANALYSIS |
|
|
|
|
19 |
INTEREST ON |
|
|
|
|
|
A) LOANS & ADVANCES |
1880.100 |
2475.900 |
3313.100 |
|
|
B) INVESTMENT |
1831.700 |
2140.300 |
2261.800 |
|
|
OTHER INCOME |
898.300 |
577.900 |
578.400 |
|
20 |
TOTAL INCOME |
4610.100 |
5194.100 |
6153.300 |
|
21 |
INTEREST PAID ON |
|
|
|
|
|
A) DEPOSIT |
2521.700 |
2835.400 |
3386.400 |
|
|
B) BORROWINGS |
92.400 |
124.600 |
132.200 |
|
22 |
ESTABLISHMENT EXPENSES |
1172.200 |
1621.400 |
1667.500 |
|
23 |
OTHER OPERATING EXPENSES |
323.100 |
215.500 |
505.600 |
|
24 |
PROVISION MADE DURING THE YEAR |
294.600 |
213.800 |
262.4000 |
|
|
A) AGAINST NPAS |
100.200 |
(49.300) |
112.400 |
|
|
B) OTHER PROVISIONS |
194.400 |
183.300 |
60.100 |
|
|
C) PROVISION FOR TAX |
0.000 |
79.900 |
89.900 |
|
25 |
TOTAL EXPENDITURE |
4404.000 |
5010.700 |
5954.100 |
|
26 |
OPERATING PROFIT |
500.700 |
397.200 |
461.600 |
|
27 |
A) PROFIT/LOSS BEFORE TAX |
206.100 |
263.300 |
289.100 |
|
|
B) PROFIT/LOSS AFTER TAX |
206.100 |
183.400 |
199.200 |
|
|
C) BALANCE CARRIED OVER FROM RESERVE |
0.000 |
11.800 |
0.000 |
|
|
D) ACCUMULATED LOSS |
3349.500 |
3154.300 |
2955.100 |
|
SL |
KEY PERFORMANCE
INDICATORS |
2009-10 |
2010-11 |
2011-12 |
|
|
OTHER INFORMATION |
|
|
|
|
28 |
SHARE CAPITAL DEPOSIT RECEIVED |
3738.022 |
3738.022 |
3738.022 |
|
29 |
NET WORTH |
520.000 |
759.900 |
905.000 |
|
30 |
CUMULATIVE PROVISION |
|
|
|
|
|
A) AGAINST NPA |
1020.400 |
788.300 |
889.300 |
|
|
B) AGAINST INTANGIBLE ASSETS, FRAUDS ETC. |
706.700 |
945.400 |
1465.100 |
|
31 |
LOANS WRITTEN-OFF DURING THE YEAR FOR COMPROMISE SETTLEMENT |
18.200 |
56.400 |
25.600 |
|
32 |
RESERVES |
15.314 |
0.000 |
0.000 |
|
33 |
NO. OF S H G |
|
|
|
|
|
A) DEPOSIT LINKED DURING THE YEAR |
1294.500 |
1070.300 |
1209.500 |
|
|
B) DEPOSIT LINKED (CUMULATIVE) |
10576.600 |
11646.900 |
12856.400 |
|
|
C) CREDIT LINKED DURING THE YEAR |
2024.300 |
1259.800 |
1301.400 |
|
|
D) CREDIT LINKED (CUMULATIVE) |
9892.700 |
11152.500 |
12453.900 |
|
34 |
NO. OF KCC ISSUED DURING THE YEAR |
7398.900 |
8428.600 |
17752.100 |
|
|
CUMULATIVE NO. OF KCC ISSUED |
39181.100 |
47609.700 |
65361.800 |
|
35 |
NO. OF JLG CREDIT LINKED |
177.700 |
489.800 |
1941.500 |
|
|
CUMULATIVE NO. OF JLG CREDIT LINKED |
177.700 |
667.500 |
2609.000 |
|
36 |
NO. OF GCC ISSUED |
1333.800 |
4250.300 |
3392.000 |
|
37 |
NO. OF FARMERS' CLUB |
50.400 |
42.500 |
43.000 |
|
38 |
NO FRILL ACCOUNT OPENED (NUMBER) |
80578.600 |
96728.800 |
114437.800 |
|
39 |
FINANCIAL RATIOS |
|
|
|
|
|
A. AVERAGE WORKING FUND |
48012.900 |
57713.400 |
65732.300 |
|
|
I) FINANCIAL RETURN |
0.773 |
0.800 |
0.848 |
|
|
II) FINANCIAL COST |
0.544 |
0.513 |
0.535 |
|
|
III) FINANCIAL MARGIN (I - II) |
0.229 |
0.287 |
0.313 |
|
|
IV) OPERATING COST |
0.311 |
0.318 |
0.338 |
|
|
V) OPERATING MARGIN (III - IV) |
(0.082) |
(0.031) |
(0.025) |
|
|
VI) MISC. INCOME |
0.186 |
0.100 |
0.088 |
|
|
VII) OPERATING PROFIT (V - VI) |
0.104 |
0.069 |
0.063 |
|
|
VIII) RISK COST |
0.061 |
0.037 |
0.019 |
|
|
IX) NET MARGIN (VII - VIII) |
0.043 |
0.032 |
0.044 |
|
40 |
KEY RATIOS |
|
|
|
|
|
COST OF DEPOSIT |
0.543 |
0.514 |
0.543 |
|
|
COST OF BORROWINGS |
0.713 |
0.604 |
0.533 |
|
|
YIELD ON ADVANCE |
0.997 |
1.017 |
1.074 |
|
|
YIELD ON INVESTMENT |
0.691 |
0.709 |
0.734 |
|
|
RETURN ON ASSETS |
0.040 |
0.0030 |
0.037 |
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 |
No |
|
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 |
No |
|
16] |
Details of sister concerns |
No |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
Yes |
|
20] |
Export / Import details (if applicable) |
No |
|
21] |
Market information |
-- |
|
22] |
Litigations that the firm / promoter involved in |
Yes |
|
23] |
Banking Details |
No |
|
24] |
Banking facility details |
No |
|
25] |
Conduct of the banking account |
-- |
|
26] |
Buyer visit details |
-- |
|
27] |
Financials, if provided |
Yes |
|
28] |
Incorporation details, if applicable |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
31] |
Date of Birth of Proprietor/Partner/Director, if available |
No |
|
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 |
CASE DETAILS
Status of CIVIL SUITS (CS) 226 of
2010
|
SARANG VINIYOG
LTD. |
Vs.
|
BANGIYA GRAMIN
VIKASH BANK AND ANR. |
|
Pet’s Adv.: |
DYUTI SEN |
|
Res’s Adv.: |
|
|
Court No.: |
0 |
Last Listed On: |
No Date
Mentioned |
Category: MONEY
CLAIMS/ COMPENSATION / DAMAGES / MESNE PROFITS
|
CONNECTED
APPLICATION (S) |
CONNECTED MATTER
(S) |
|
No Connected
Application |
No Connected
Cases. |
Case Updated on:
25 August 2010
PROFILE
Bangiya Gramin Vikash Bank was formed, as corresponding new RRB, through notification in the Official Gazette of Govt of India dated 21.02.2007, consequent upon amalgamation of five constituent RRBs Viz. Mallabhum Gramin Bank, Gaur Gramin Bank, Murshidabad Gramin Bank, Nadia Gramin Bank and Sagar Gramin Bank in West Bengal. The command area of the Bank stretches to 11 districts of West Bengal viz. Malda, Murshidabad, Uttar Dinajpur, Dakshin Dinajpur, Nadia, South 24 Parganas, North 24 Parganas, Bankura, Purulia, Purba Midnapur and Paschim Midnapur.
The amalgamation was made in the public interest, in order to serve better the needs of development of the economy in conformity with national policy and objectives and for matters connected there with or incidental there to.
The Bank has as of now a network of 559 branches and 1 extension counters spread across the command area.
The shareholding pattern of the Bank as of now is as follows. (Rs in Millions)
|
Share Holders |
Issued |
Paid up |
Equity |
Total |
|
Government of India |
25.000 |
25.000 |
1869.011 |
1894.011 |
|
Government of West Bengal |
7.500 |
7.500 |
560.703 |
568.203 |
|
United Bank Of India |
17.500 |
17.500 |
1308.308 |
1325.808 |
|
Total |
50.000 |
50.000 |
3738.022 |
3788.022 |
BANK'S VISION
Fast reach to the downtrodden and people below the poverty line, through intensive financial inclusion initiatives. Promoting an inclusive growth and rural prosperity through credit dispensation and other related financial services with the aid of appropriate technology. Emerging as a stronger institution capable of rendering justice to all the stakeholders.
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. 62.00 |
|
|
1 |
Rs. 102.17 |
|
Euro |
1 |
Rs.85.19 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
DPH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
YES |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
47 |
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.