MIRA
INFORM REPORT
|
Report Date : |
22.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
SUNLAND RECYCLING INDUSTRIES LIMITED (w.e.f.
2011) |
|
|
|
|
Registered
Office : |
A-501/507, Ramji House, 5th Floor, 30, Jambulwadi,
Kalbadevi Road, Mumbai- 400002, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2011 (Partnership Firm) |
|
|
|
|
Date of Incorporation : |
12.07.2011 |
|
|
|
|
Com. Reg. No.: |
11-219683 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 180.027 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27101MH2011PLC219683 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS43757A |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAGFS8753E |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer, Exporter and Importer of Non Ferrous Metal Alloys
Ingots. |
|
|
|
|
No. of Employees
: |
125 (Approximately) (In Office-25 and Factory 100[contract laborers]) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 970000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. The
latest financials are not made available with the government department. As per previous years, the financials of the company seems to be good.
Trade relations are reported to be fair. Business is active. Payments are
reported to be slow but correct. The company can be considered for business dealings with some caution. Note: The company was
formerly a partnership concern with the name Sunland Metal Recycling
Industries. In the year 2011, it converted into Limited Company. |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
|
Date |
October, 2012 |
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. Anil |
|
Designation : |
Accounts Department |
|
Contact No.: |
91-9870992403 |
|
Date : |
19.02.2013 |
LOCATIONS
|
Registered Office : |
A-501/507, Ramji House, 5th Floor, 30, Jambulwadi, Kalbadevi
Road, Mumbai- 400002, Maharashtra, India |
|
Tel. No.: |
Not Available |
|
Mobile No.: |
91-9870992403 (Mr. Anil) |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
Website : |
|
|
Location : |
Rented |
|
|
|
|
Corporate Office : |
501 To 507, A Wing Ramji House, Janul Wadi, Near Adverd Talkies,
Kalbadevi Road, Mumbai-400002, Maharashtra, India |
|
Area: |
Rented |
|
|
|
|
Factory : |
Survey No.89/ 1/ 2, Village Karajgam, Dadra and Nagar Haveli, Silvassa
– 396 230, |
|
Tel. No.: |
91-260-2677327, 2677451/ 2 |
|
Fax No.: |
91-260-2677328 |
|
Area : |
3.5 Acres |
|
Location : |
Owned |
|
|
|
|
Branch Office : |
5300, First Floor, |
|
Tel. No.: |
91-11-23523263 / 23535075 |
|
Fax No.: |
91-11-23535076 |
|
Area : |
1000 sq ft |
|
Location : |
Owned |
PARTNERS
|
Name : |
Mr. Surendra Kumar Prathaviraj Kachhara |
|
Designation : |
Director |
|
Address : |
8-B,Abhilasha Building August Kranti Marg, Gowalia tank, Mumbai-400038, Maharashtra, India |
|
Date of Birth/Age : |
20.03.1955 |
|
Qualification : |
HSC |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
01287721 |
|
|
|
|
Name : |
Mr. Mahendra Kumar Prathaviraj Kachhara |
|
Designation : |
Whole-time director |
|
Address : |
9-D, Abhilasha Building, August Kranti Marg Gowalia Tank, Mumbai-400038, Maharashtra, India |
|
Date of Birth/Age : |
11.02.1962 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
02283218 |
|
|
|
|
Name : |
Mr. Sanjiv Kumar Aggarwal |
|
Designation : |
Whole-time director |
|
Address : |
17/33, Shakti Nagar, Delhi-110007, India |
|
Date of Birth/Age : |
03.11.1965 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
12.07.2011 |
|
Date of Birth/Age : |
01287748 |
|
|
|
|
Name : |
Mr. Sushil Kumar Aggarwal |
|
Designation : |
Whole-time director |
|
Address : |
17/33, Shakti Nagar, Delhi-110007, India |
|
Date of Birth/Age : |
28.08.1957 |
|
Qualification : |
B.Com |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
01287783 |
KEY EXECUTIVES
|
Name : |
Mr. Mukesh Chaturvedi |
|
Designation : |
Accounts Head |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 28.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Surendra Kumar Kachhara |
|
4500000 |
|
Mahendra Kumar Kachhara |
|
4500000 |
|
Sushil Kumar Aggarwal |
|
8100000 |
|
Sanjeev Kumar Aggarwal |
|
900000 |
|
Mahendra Kumar |
|
900 |
|
Lalit Mangilal Kumbhar |
|
900 |
|
Narayan Thanaji Gayari |
|
900 |
|
B.R.Sonkar |
|
1 |
|
Foliage Properties, India |
|
1 |
|
Jayesh R.Shah |
|
1 |
|
Jolly S.Sonkar |
|
1 |
|
Mahavir Ranka HUF |
|
1 |
|
Meenakshi Exports, India |
|
1 |
|
Neelam Sharma |
|
1 |
|
Pragnya V.Shah |
|
1 |
|
Rasiklal M.Shah |
|
1 |
|
Suresh B.Sonkar |
|
1 |
|
Susheel Jain |
|
1 |
|
Vinod R.Shah |
|
1 |
|
Total |
|
18002712 |
Equity Share Break up (Percentage of Total Equity)
As on 28.09.2012
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer, Exporter and Importer of Non Ferrous Metal Alloys Ingots. |
|
|
|
|
Exports : |
|
|
Products : |
Alloys Ingots |
|
Countries : |
·
UAE ·
Japan |
|
|
|
|
Imports : |
|
|
Products : |
Raw Material |
|
Countries : |
·
UK ·
UAE |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Credit |
PRODUCTION STATUS AS ON 31.03.2011
|
Particulars |
Unit |
|
|
Actual
Production |
|
Aluminium Alloy Ingots |
MT |
|
|
9000 |
|
Zinc Base Alloys |
MT |
|
|
2400 |
|
Copper Ingots |
MT |
|
|
1800 |
GENERAL INFORMATION
|
Customers : |
·
OEM’s |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
No. of Employees : |
125 (Approximately) (In Office-25 and Factory 100[contract laborers]) |
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Bankers : |
Tel: 91-22-22185947
|
||||||||||||||||||
|
|
|
||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D.G. Gokharu and Company Chartered Accountants |
|
Address : |
Mumbai, |
|
|
|
|
Associates/Subsidiaries : |
Sunland Alloys,
Silvassa Line of Business: Manufacturer and Exporter of Alloys Ingredients. |
CAPITAL STRUCTURE
AS ON 28.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
25000000 |
Equity Shares |
Rs.10/- each |
Rs. 250.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
18002712 |
Equity Shares |
Rs.10/- each |
Rs. 180.027 Millions |
|
|
|
|
|
AS ON 31.03.2011 [SUNLAND METAL
RECYCLING INDUSTRIES – (Partnership
Firm)]
|
Capital Investment : |
|
|
Partner’s Fixed
Capital A/c |
Rs. 90.027 millions |
|
Partner’s
Current A/c |
Rs. 153.142 millions |
|
Total : |
Rs. 243.169
millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
[SUNLAND METAL RECYCLING INDUSTRIES – (Partnership Firm)]
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Partner’s Fixed Capital A/c |
90.027 |
50.000 |
50.000 |
|
|
2] Partner’s Current A/c |
153.142 |
104.823 |
68.155 |
|
|
3] Reserves & Surplus |
0.000 |
0.000 |
0.000 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
243.169 |
154.823 |
118.155 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
324.195 |
285.004 |
264.169 |
|
|
2] Unsecured Loans |
147.826 |
175.250 |
132.831 |
|
|
TOTAL BORROWING |
472.021 |
460.254 |
397.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
715.190 |
615.077 |
515.155 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
46.257
|
34.681
|
38.577 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
38.042 |
39.068 |
36.866 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
135.955
|
57.370
|
50.149 |
|
|
Sundry Debtors |
348.187
|
385.546
|
216.860 |
|
|
Cash & Bank Balances |
3.296
|
2.708
|
3.187 |
|
|
Other Current Assets |
116.021
|
50.686
|
139.656 |
|
|
Deposits |
34.975
|
34.221
|
35.962 |
|
|
Loans & Advances |
0.310
|
65.725
|
6.310 |
|
Total
Current Assets |
638.744
|
596.256
|
452.124 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
6.205
|
|
12.412 |
|
|
Other Current Liabilities |
0.000
|
0.000
|
|
|
|
Provision |
1.648
|
1.471
|
|
|
Total
Current Liabilities |
7.853
|
54.928
|
12.412 |
|
|
Net Current Assets |
630.891
|
541.328
|
439.712 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
715.190 |
615.077 |
515.155 |
|
PROFIT & LOSS
ACCOUNT
[SUNLAND METAL RECYCLING INDUSTRIES – (Partnership Firm)]
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
3651.997 |
2705.493 |
2217.018 |
|
|
|
Other Income |
5.874 |
4.496 |
12.916 |
|
|
|
TOTAL (A) |
3657.871 |
2709.989 |
2229.934 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
3438.528 |
|
2076.650 |
|
|
|
Administrative Expenses |
5.856 |
|
14.999 |
|
|
|
Staff Cost |
6.107 |
2666.353 |
3.664 |
|
|
|
Selling and Distribution |
24.835 |
|
24.106 |
|
|
|
Other Expenditure |
77.360 |
|
47.550 |
|
|
|
|
3552.686 |
2666.353 |
2166.969 |
|
|
|
TOTAL (B) |
|
|
|
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
105.185 |
NA |
62.965 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
48.677 |
NA |
50.861 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
56.508 |
NA |
12.104 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.773 |
NA |
6.564 |
|
|
|
|
|
|
|
|
|
|
NET PROFIT |
50.735 |
43.636 |
5.540 |
|
KEY RATIOS
[SUNLAND METAL RECYCLING INDUSTRIES – (Partnership Firm)]
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
1.39
|
1.61
|
0.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.39
|
1.61
|
0.25 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.41
|
6.92
|
1.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.21
|
0.28
|
0.05 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debts/Networth) |
|
1.94
|
2.97
|
3.36 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
81.34
|
10.86
|
36.43 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY
CREDITORS DETAILS: [SUNLAND
METAL RECYCLING INDUSTRIES –
(Partnership Firm)]
(Rs.
In Millions)
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
Sundry Creditors |
6.205 |
53.457 |
NA |
|
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
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 |
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 |
No |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U27101MH2011PLC219683 |
|
Name of the company |
SUNLAND RECYCLING INDUSTRIES LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
A-501/507, Ramji House, 5th Floor, 30, Jambulwadi,
Kalbadevi Road, Mumbai- 400002, Maharashtra, India Email : lkchhajed@hotmail.com
|
|
This form is for |
Creation of charge |
|
Type of charge |
Immovable property |
|
Particular of charge holder |
State Bank of India, Industrial Finance Branch, Arcadia Building,
Cuffe Parade, Mumbai – 400 005, Maharashtra, India Email : sangita.p@sbi.co.in |
|
Nature of instrument creating charge |
Memorandum of Extension of Equitable Mortgage |
|
Date of instrument Creating the charge |
09.04.2012 |
|
Amount secured by the charge |
Rs. 408.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Extent and Operation of the charge Equitable mortgage created by deposit of title deeds with SBI, SBI
acting for itself and as agents of Canara Bank and ICICI Bank Limited as
collateral to secure the credit limits aggregating to Rs.408.000 millions
[SBI: Rs.158.800 millions, CB Rs.50.000 millions and ICICI Rs.200.000
millions] on first charge basis ranking pari passu amongst all the banks. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Barren land, partly Jirayat and Sada-pad land, bearing Gut/Survey No.
53 in Village Gajirewadi, Taluka Kavathe, Dist. Sangli, Maharashtra. |
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.54.48 |
|
|
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Information Gathered
by : |
PLK |
|
|
|
|
Report Prepared
by : |
MRI |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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.