|
Report Date : |
09.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
TSI FURNITURE COMPANY PRIVATE LIMITED (w.e.f.07.07.2010) |
|
|
|
|
Formerly Known
As : |
SREELAKSHMI OFFICE AND HOSPITALITY INTERIORS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No 36, Ground Floor, Sadulla Street, T Nagar, Chennai – 600017, Tamil
Nadu, |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
07.07.2010 |
|
|
|
|
Com. Reg. No.: |
18-076493 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.0.100 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74990TN2010PTC076493 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Furniture’s and Decorative. |
|
|
|
|
No. of Employees
: |
Not Available |
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 : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. There
appears huge accumulated losses recorded by the company. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow. The company can be considered for business dealings on a safe and
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'seconomic 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.
LOCATIONS
|
Registered Office : |
No 36, Ground Floor, Sadulla Street, T Nagar, Chennai – 600017, Tamil
Nadu, India |
|
Tel. No.: |
Not Applicable |
|
Fax No.: |
Not Applicable |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
No.546, 1st Floor, CMH Road, Indiranagar, Banglore – 560
038 |
|
|
|
|
Factory : |
Survey no. 107/1, Hosur – Kelamangalam Road, Tamilnadu, krisHnagari,
Indien |
DIRECTORS
AS ON 18.08.2012
|
Name : |
Mr. K P Sreedharan |
|
Designation : |
Director |
|
Address : |
Krishnapriya Tulicherry Road, East Talap, Kannur- 670602, Kerala, India |
|
Date of Birth/Age : |
02.10.1953 |
|
Date of Appointment : |
07.07.1010 |
|
DIN No.: |
01574257 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U70101KL1999PTC012921 |
SREE KRISHNA
KALYANA MANDAPAM PRIVATE LIMITED |
Director |
10/12/1999 |
10/12/1999 |
10/08/2011 |
Active |
NO |
|
2 |
U74210KA2001PTC029272 |
ROCKWORTH OFFICE
FURNISHINGS AND EQUIPMENTS PRIVATE LIMITED |
Director |
13/07/2001 |
13/07/2001 |
- |
Active |
NO |
|
3 |
U36994KA2001PTC029765 |
REYAMI INTERIORS
PRIVATE LIMITED |
Director |
15/11/2001 |
15/11/2001 |
- |
Active |
NO |
|
4 |
U85110KL2006PLC020042 |
AROGYA HOLISTIC
AYURVEDIC MEDICARE AND RESORTS LIMITED |
Director |
29/09/2007 |
29/09/2007 |
- |
Active |
NO |
|
5 |
U30008KA2008PTC045696 |
ROCKWORTH
SYSTEMS FURNITURE (INDIA) PRIVATE LIMITED |
Director |
20/03/2008 |
20/03/2008 |
- |
Active |
NO |
|
6 |
U45201KL2007PTC021314 |
AJAB
CONSTRUCTION COMPANY PRIVATE LIMITED |
Managing
director |
01/11/2008 |
01/11/2008 |
06/06/2011 |
Active |
NO |
|
7 |
U70100KL2009PTC023740 |
ANJANA LAKSHMI BUILDERS
AND DEVELOPERS PRIVATE LIMITED |
Managing
director |
22/01/2009 |
22/01/2009 |
- |
Active |
NO |
|
8 |
U74990TN2010PTC076493 |
TSI FURNITURE
COMPANY PRIVATE LIMITED |
Director |
07/07/2010 |
07/07/2010 |
- |
Active |
NO |
|
9 |
U74994KL2010PTC027293 |
SREELAKSHMI
HOSPITALITY INTERIORS PRIVATE LIMITED |
Managing
director |
28/12/2010 |
28/12/2010 |
- |
Active |
NO |
|
10 |
U45205KA2011PTC057296 |
REYAMI ELECTRO
MECHANICAL (INDIA) PRIVATE LIMITED |
Director |
28/02/2011 |
28/02/2011 |
- |
Active |
NO |
|
11 |
U45209KA2011PTC057628 |
KPS HOLDINGS
INDIA PRIVATE LIMITED |
Director |
15/03/2011 |
15/03/2011 |
- |
Active |
NO |
|
12 |
U31900KA2011PTC059642 |
STANLED ELECTRIC
COMPANY PRIVATE LIMITED |
Director |
19/07/2011 |
19/07/2011 |
- |
Active |
NO |
|
13 |
U26101TZ2012PTC017897 |
K P S GLASS
& ALUMINIUM INDUSTRIES INDIA PRIVATE LIMITED |
Director |
10/02/2012 |
10/02/2012 |
- |
Active |
NO |
|
14 |
U74999TN2012PTC084907 |
REYAMI
TECHNOLOGIES (INDIA) PRIVATE LIMITED |
Director |
14/03/2012 |
14/03/2012 |
- |
Active |
NO |
|
Name : |
Mr. K P Madhusoodanan |
|
Designation : |
Director |
|
Address : |
Kandapuram House, Kayaralam, Po: Mayyil Via, Kannur – 670602, Kerala,
India |
|
Date of Birth/Age : |
01.06.1963 |
|
Date of Appointment : |
07.07.2010 |
|
DIN No.: |
01574284 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of
appointment at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U36994KA2001PTC029765 |
REYAMI INTERIORS
PRIVATE LIMITED |
Director |
09/05/2006 |
09/05/2006 |
- |
Active |
NO |
|
2 |
U74990TN2010PTC076493 |
TSI FURNITURE COMPANY
PRIVATE LIMITED |
Director |
07/07/2010 |
07/07/2010 |
- |
Active |
NO |
|
Name : |
Ms Anjana Sreedharan |
|
Designation : |
Director |
|
Address : |
Kadakkatteri Puyhiyaveetil, Kannadi Paramba Post, Kannur District –
670604, Kerala, India |
|
Date of Birth/Age : |
07.12.1989 |
|
Date of Appointment : |
05.08.2010 |
|
DIN No.: |
03151111 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name of the
Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date of appointment
at current designation |
Original date of
appointment |
Date of
cessation |
Company/ LLP
Status |
Defaulting
status |
|
1 |
U74990TN2010PTC076493 |
TSI FURNITURE
COMPANY PRIVATE LIMITED |
Director |
05/08/2010 |
05/08/2010 |
- |
Active |
NO |
|
2 |
U74994KL2010PTC027293 |
SREELAKSHMI
HOSPITALITY INTERIORS PRIVATE LIMITED |
Director |
28/12/2010 |
28/12/2010 |
- |
Active |
NO |
|
3 |
U45209KA2011PTC057628 |
KPS HOLDINGS
INDIA PRIVATE LIMITED |
Director |
15/03/2011 |
15/03/2011 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 18.08.2012
|
Names of Shareholders |
No. of Shares |
|
K P Sreedharan |
482500 |
|
K P Madhusoodanan |
500 |
|
Anjana Sreedharan |
2000 |
|
KPS Holdings India Private Limited, India |
275000 |
|
|
|
|
TOTAL
|
760000 |
AS ON 18.08.2012
|
Equity Shares
Break Up |
Percentage of
Holding |
|
Directors or relatives of Directors |
63.82 |
|
Other top fifty shareholders |
36.18 |
|
TOTAL |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers of Furniture’s and Decorative. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Bankers : |
·
South Indian Bank Limited, Cantonment Branch, No.10,
Infantry Road Cross, B M Complex, Opposite. Blue Cross Chambers,
Shivajinagar, Bangalore – 560001, Karnataka, India |
|||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sudhakar Hegde and Company Chartered Accountant |
|
Address : |
#167/4, 1st Floor, 16th Main, 31st
Cross, 4th Block, Jayanagar, Bangalore – 560011, Karnataka, India |
|
PAN No.: |
AAQPK6879B |
CAPITAL STRUCTURE
AS ON 30.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs.10/- each |
Rs. 10.000 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
760000 |
Equity Shares |
Rs.10/- each |
Rs. 7.600
Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
1] Share Capital |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
(2.507) |
(0.578) |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
|
|
NETWORTH |
(2.407) |
(0.478) |
|
|
LOAN FUNDS |
|
|
|
|
1] Secured Loans |
57.614 |
13.361 |
|
|
2] Unsecured Loans |
49.591 |
15.900 |
|
|
TOTAL BORROWING |
107.205 |
29.261 |
|
|
DEFERRED TAX LIABILITIES |
0.016 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
104.814 |
28.783 |
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
80.202 |
18.917 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
Inventories |
5.786
|
0.000 |
|
|
Sundry Debtors |
4.129
|
0.000 |
|
|
Cash & Bank Balances |
0.028
|
1.109 |
|
|
Other Current Assets |
21.164
|
8.799 |
|
|
Loans & Advances |
2.148
|
2.912 |
|
Total
Current Assets |
33.255
|
12.820 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
Sundry Creditors |
6.409
|
2.005 |
|
|
Other Current Liabilities |
0.000
|
0.000 |
|
|
Provisions |
2.234
|
0.949 |
|
Total
Current Liabilities |
8.643
|
2.954 |
|
|
Net Current Assets |
24.612
|
9.866 |
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
|
|
|
|
|
|
|
TOTAL |
104.814 |
28.783 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
|
|
|
SALES |
|
|
|
|
|
|
Income |
5.663 |
0.000 |
|
|
|
Other Income |
0.000 |
0.000 |
|
|
|
TOTAL |
5.663 |
0.000 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
Expenses |
7.576 |
0.000 |
|
|
|
TOTAL |
7.576 |
0.000 |
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
(1.913) |
0.000 |
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
(1.913) |
0.000 |
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
(19.28) |
0.000 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
|
PAT / Total Income |
(%) |
(33.78)
|
0.00 |
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(33.78)
|
0.00 |
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(1.68)
|
0.00 |
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.79
|
0.00 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
3.59
|
6.18 |
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
3.85
|
4.34 |
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
twoe years |
Yes |
|
12] |
Profitability for last
two years |
Yes |
|
13] |
Reasons for variation
<> 20% |
----- |
|
14] |
Estimation for coming
financial year |
Yes |
|
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) |
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 |
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 |
No |
|
34] |
External Agency Rating,
if available |
No |
FORM 8
|
Corporate
identity number of the company |
U74990TN2010PTC076493 |
|
Name of the
company |
Sreelakshmi
Office and Hospitality Interiors Private Limited |
|
Address of the
registered office or of the principal place of business in |
No 36, Ground Floor, Sadulla Street, T Nagar, Chennai – 600017, Tamil
Nadu, India Email ID : madhu@reyamiindia.com |
|
This form is for |
Creation of
charge |
|
Type of charge |
·
Any interest
in immovable property ·
Book
debts ·
Movable
property (not being pledge) ·
Floating
charge |
|
Particular of
charge holder |
·
South Indian Bank Limited, Cantonment Branch,
No.10, Infantry Road Cross, B M Complex, Opposite. Blue Cross Chambers, Shivajinagar,
Bangalore – 560001, Karnataka, India |
|
Nature of
instrument creating charge |
Agreement of
Hypothecation Letter regarding
extension of equitable mortgage (both the above
pertain to the same charge) |
|
Date of
instrument Creating the charge |
12.01.2011 |
|
Amount secured by
the charge |
Rs. 58.500
Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest CCOL ; 12.50%
i.e. p.a. 8.5% p.a. + 4% p.a. FSL (0) and FSL (M)
; 13% p.a. i.e. 8.5% p.a. Both subject to
revision from time to time Terms of repayment As per sanction
terms of the Bank Margin CCOL ; 25% of
stock and 405 of book debts not older than 90 days FSL (0) ; 50% for
construction of building, 25% for electrification and furnishing FSL (M) ; 20% for
imported machinery, 25% for indigenous machinery and generator Extent and operation of the charge The charge shall
operate to the extent of entire loan amount plus interest, cost, commission, expenses,
liquidated damages and other charges if any thereon. Other The said amount
of Rs. 58.500 Millions comprises of Rs. CCOL Rs. 12.500 Millions, FSL (0) Rs.
22.500 Millions, FSL (M) Rs. 23.500 Millions |
|
Short particulars
of the property charged (Including location of the property) |
1.Hypothecation
by way of first charge on stocks, book debts, machinery and generator and
other movables both present and future including those enumerate stored or
installed at No.3/441-a (Sy No. 107/1) near to LR Works Factory, Kelamagalam
Road, Kundumaranapalli, denkankotta Taluk, Krishnagiri District Tamil
Nadu-6365113 or at any other place belonging to the company and equitable
mortgage of immovable property of the company situate on land admeasuring
3.56 acres situated in survey No. 170/1
Kundumaranhapalli village, Denkanikotta Taluk together with all
buildings, existing and/to be constructed thereon in future |
FIXED ASSETS
·
Factory Building
·
Plant and Machinery
·
Office Equipment
·
Computers
·
Printers
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.54.97 |
|
|
1 |
Rs.88.10 |
|
Euro |
1 |
Rs.71.66 |
INFORMATION DETAILS
|
Report Prepared
by : |
SPR |
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 |
1 |
|
--PROFITABILIRY |
1~10 |
1 |
|
--LIQUIDITY |
1~10 |
1 |
|
--LEVERAGE |
1~10 |
1 |
|
--RESERVES |
1~10 |
1 |
|
--CREDIT LINES |
1~10 |
1 |
|
--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 |
NO |
|
--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.