|
Report Date : |
19.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRIMURTI EXPORTS |
|
|
|
|
Registered
Office : |
C/F, 13, JB Aprtments, Near |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Year of
Establishment : |
2004 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 6.446 Millions (31.03.2011) |
|
|
|
|
Legal Form : |
Partnership Concern with an unlimited Liability of the Partners. |
|
|
|
|
Line of Business
: |
Trader and Exporter of Iron ore material. |
|
|
|
|
No. of Employees
: |
15 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca (12) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Temporarily ceased |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a partnership concern; Mr. Prakash, accountant has claimed
that the concern did not carry out any activities during 2011 and 2012 as the
government has stopped mining activities in Goa. Therefore, the operation of
the concern is temporarily ceased. However, business is active. Payments terms are unknown. The concern can be considered for business dealings on a secured 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) |
|
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 is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including
industrial deregulation, privatization of state-owned enterprises, and reduced
controls on foreign trade and investment, began in the early 1990s and has
served to accelerate the country's growth, which has averaged more than 7% per
year since 1997. India's diverse economy encompasses traditional village
farming, modern agriculture, handicrafts, a wide range of modern industries,
and a multitude of services. Slightly more than half of the work force is in
agriculture, but services are the major source of economic growth, accounting
for more than half of India's output, with only one-third of its labor force.
India has capitalized on its large educated English-speaking population to
become a major exporter of information technology services and software
workers. In 2010, the Indian economy rebounded robustly from the global
financial crisis - in large part because of strong domestic demand - and growth
exceeded 8% year-on-year in real terms. However, India's economic growth in
2011 slowed because of persistently high inflation and interest rates and
little progress on economic reforms. High international crude prices have
exacerbated the government's fuel subsidy expenditures contributing to a higher
fiscal deficit, and a worsening current account deficit. Little economic reform
took place in 2011 largely due to corruption scandals that have slowed
legislative work. India's medium-term growth outlook is positive due to a young
population and corresponding low dependency ratio, healthy savings and
investment rates, and increasing integration into the global economy. India has
many long-term challenges that it has not yet fully addressed, including
widespread poverty, inadequate physical and social infrastructure, limited
non-agricultural employment opportunities, scarce access to quality basic and
higher education, and accommodating rural-to-urban migration.
|
Source
: CIA |
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 (GENERAL DETAILS)
|
Name : |
Mr. Prakash Hegde |
|
Designation : |
Account Department |
|
Contact No.: |
91-832-2725155 |
|
Date : |
14.02.2013 |
LOCATIONS
|
Registered Office : |
C/F, 13, JB Aprtments, Near Pandava Church, Auem, Alto, Margao-
403601, Goa, India |
|
Tel. No.: |
91-832-2725155 |
|
Fax No.: |
91-832-2702327 |
|
E-Mail : |
|
|
Area : |
208 Sq. mtr. |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Devendra Kamat |
|
Designation : |
Partner |
|
Age : |
53 Years |
|
Qualification : |
MBA |
|
|
|
|
Name : |
Mr. Balchandra Bakhale |
|
Designation : |
Partner |
|
Age : |
54 Years |
|
Qualification : |
Marine Engineering |
|
|
|
|
Name : |
Mr. Rashid Khan |
|
Designation : |
Partner |
|
Age : |
60 Years |
|
Qualification : |
B. Pharma |
BUSINESS DETAILS
|
Line of Business : |
Trader and Exporter of Iron ore material. |
|
|
|
|
Exports : |
|
|
Products : |
Iron ore material |
|
Countries : |
China |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
|
|
|
|
|
Facilities : |
Packaging Credit Rs. 60.000 Millions (From Canara bank) |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
B. V. Kamat and Company Chartered Accountants |
|
|
|
|
Associates/Subsidiaries : |
Address : C/F, 13, JB
Aprtments, Near Pandava Church, Auem, Alto, Margao- 403601, Goa, India Line of
business: Trader and Exporter of Iron ore material.
Address : C/F, 13, JB
Aprtments, Near Pandava Church, Auem, Alto, Margao- 403601, Goa, India Line of
business: Trader and Exporter of Iron ore material. |
CAPITAL STRUCTURE
PARTNERS CAPITAL A/C AS ON 31.03.2011 – Earlier provided by Mr. Prakash:
|
Partners Capital : |
31.03.2011 Rs.
In Millions |
|
Capital |
|
|
Bhalchandra
Bakhle |
38.063 |
|
Devendra Kamat |
41.151 |
|
Rashid Khan |
33.434 |
|
|
|
|
Less: Drawings |
|
|
Bhalchandra
Bakhle |
0.911 |
|
Devendra Kamat |
0.710 |
|
Rashid Khan |
1.599 |
|
|
|
|
Less:
Remuneration |
|
|
Bhalchandra
Bakhle |
0.200 |
|
Devendra Kamat |
0.200 |
|
Rashid Khan |
0.200 |
|
|
|
|
Total |
108.828 |
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2012 |
|
Sales Turnover (Approximately) |
|
|
Nil |
The above information has been parted by (Mr. Prakash - Accounts
Department)
Note : Sole Proprietory and Partnership concerns are
exempted from filing their financials with the Government Authorities or
Registry.
IMPORTANT NOTE:
AS CONFIRMED BY MR. PRAKASH (ACCOUNTANT) THE BALANCE
SHEET WHICH WE HAD PROVIDED EARLIER HAS DIFFERENCE WITH CURRENT PROVISIONAL
BALANCE SHEET FOR YEAR 2011 BECAUSE AS PER INCOME TAX SURVEY AND BAN ON IRON
ORE IN KARNATAKA THE SALES TURNOVER HAS BEEN DECREASED. INCOME TAX PEOPLE HAS
ADVISED TO CHANGE THE FIGURES FROM BALANCE SHEET AND AGAIN THEY HAVE PREPARED
NEW BALANCE SHEET FOR 2011 WITH SOME CHANGES.
PROVISIONAL
BALANCE SHEET AS ON 31.03.2011
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
|
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partners Capital |
|
|
6.446 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
6.446 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
90.246 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
90.246 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.00 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
96.692 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
142.649 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
3.452 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
73.500 |
|
|
Sundry Debtors |
|
|
71.666 |
|
|
Cash & Bank Balances |
|
|
13.673 |
|
|
Other Current Assets |
|
|
12.661 |
|
|
Loans & Advances |
|
|
469.068 |
|
Total
Current Assets |
|
|
640.568 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
277.326 |
|
|
Other Current Liabilities |
|
|
355.585 |
|
|
Provisions |
|
|
57.066 |
|
Total
Current Liabilities |
|
|
689.977 |
|
|
Net Current Assets |
|
|
(49.409) |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
96.692 |
|
PROVISIONAL PROFIT
& LOSS ACCOUNTAS ON 31.03.2011
|
|
PARTICULARS |
|
|
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
|
Cargo Handing & Excavation Receipts |
|
|
2.681 |
|
|
|
Transportation, Loading, Screening Receipts |
|
|
17.825 |
|
|
|
Machinery Hire Receipts |
|
|
3.314 |
|
|
|
Crushin / Screening Receipts |
|
|
1.016 |
|
|
|
Other Income |
|
|
2.550 |
|
|
|
TOTAL (A) |
|
|
27.386 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Increase/(Decrease) in Stock |
|
|
5.582 |
|
|
|
Cost of Sales & Direct Expenses |
|
|
93.111 |
|
|
|
Administrative Expenses |
|
|
23.870 |
|
|
|
Repairs & Maintenance |
|
|
1.932 |
|
|
|
TOTAL (B) |
|
|
124.495 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
|
(97.109) |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
|
23.155 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
|
120.264 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
|
7.252 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
|
|
(127.516) |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
|
|
0.153 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
|
|
(127.363) |
|
KEY RATIOS
|
PARTICULARS |
|
|
|
31.03.2011 |
|
PAT / Total Income |
(%) |
|
|
(465.06) |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
|
|
(524.84) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
|
|
(16.28) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
|
|
(19.78) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
|
|
14.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
|
|
0.92 |
ABRIDGED BALANCE SHEET
[AS PROVIDED BY MR. PRAKASH EARLIER]
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
108.828 |
127.802 |
128.016 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
(24.286) |
0.000 |
0.000 |
|
|
NETWORTH |
84.542 |
127.802 |
128.016 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
90.246 |
108.232 |
460.099 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
90.246 |
108.232 |
460.099 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
174.788 |
236.034 |
588.115 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
150.615 |
150.395 |
161.702 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
2.803 |
2.452 |
1.803 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.969 |
0.949 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
67.917
|
67.917 |
342.493 |
|
|
Sundry Debtors |
71.666
|
67.990 |
276.812 |
|
|
Cash & Bank Balances |
5.170
|
31.875 |
274.703 |
|
|
Other Current Assets |
22.131
|
12.661 |
17.361 |
|
|
Loans & Advances |
326.874
|
381.602 |
462.200 |
|
Total
Current Assets |
493.758
|
562.045 |
1373.569 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
50.220
|
71.356 |
687.437 |
|
|
Other Current Liabilities |
365.130
|
363.331 |
253.145 |
|
|
Provisions |
57.038
|
45.140 |
9.326 |
|
Total
Current Liabilities |
472.388
|
479.827 |
949.908 |
|
|
Net Current Assets |
21.370
|
82.218 |
423.661 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
174.788 |
236.034 |
588.115 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
0.000 |
136.284 |
811.721 |
|
|
|
Purchase Returns – Iron Ore |
254.621 |
0.000 |
0.000 |
|
|
|
Other Income |
27.351 |
492.943 |
23.827 |
|
|
|
TOTAL (A) |
281.972 |
629.227 |
835.548 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Direct Expenses |
19.129 |
110.222 |
735.914 |
|
|
|
Administrative Expenses |
0.100 |
24.861 |
31.229 |
|
|
|
Repairs and maintenance |
2.181 |
3.550 |
0.595 |
|
|
|
Unrecoverable deposits Written Off |
254.621 |
84.244 |
0.000 |
|
|
|
Increase / Decrease in stock |
0.000 |
273.146 |
(7.310) |
|
|
|
Other Expenses |
30.227 |
|
|
|
|
|
TOTAL (B) |
306.258 |
496.023
|
760.428 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
(24.286) |
133.204 |
75.120 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
78.111 |
53.589 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
(24.286) |
55.093 |
21.531 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
9.034 |
10.523 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
(24.286) |
46.059 |
11.008 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
NA |
42.631 |
8.279 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
NA |
3.428 |
2.729 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA
|
0.54 |
0.32 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
33.79 |
1.35 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(3.76)
|
6.46 |
0.71 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.28)
|
0.36 |
0.08 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.07
|
0.85 |
3.59 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.04
|
1.17 |
1.44 |
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 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 |
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 |
No |
|
29] |
Last accounts filed at ROC |
No |
|
30] |
Major Shareholders, if available |
No |
|
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 |
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.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
RAJ |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
2 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
-- |
|
--CREDIT LINES |
1~10 |
-- |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
12 |
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.