|
Report Date : |
31.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
COROMANDEL AGRICO PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
7 Community Centre, 2nd and 3rd Floor, East of
Kailash, Near Sapna Cinema, New Delhi – 110065 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
16.12.1998 |
|
|
|
|
Com. Reg. No.: |
55-097496 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.65.085 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U74899DL1998PTC097496 |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCC6812A |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Marketing of Agro-Chemical Products Namely,
Pesticides and Bio-Products. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (46) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 720000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record.
It has recorded some growth in its operating income during 2012. Trade relations are reported as decent. Business is active. Payment terms
are usually correct. The company can be considered 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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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 |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CARE |
|
Rating |
Long Term Bank Facilities: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate credit risk. |
|
Date |
09.04.2012 |
|
Rating Agency Name |
CARE |
|
Rating |
Short Term Bank facilities: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit risk. |
|
Date |
09.04.2012 |
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.
LOCATIONS
|
Registered/ Corporate/ Head Office : |
7 Community Centre, 2nd and 3rd Floor, East of Kailash,
Near Sapna Cinema, New Delhi – 110065, India |
|
Tel. No.: |
91-11-41620713 to 17/ 49361200 |
|
Fax No.: |
91-11-26215405 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Factory : |
A-73, Industrial Area, Sikandrabad, District Bulandshahar – 203205,
Uttar Pradesh, India |
|
Tel No.: |
91-5735-224404/ 221732/ 221975 |
|
Telefax No.: |
91-5735-221092 |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. R Venugopal |
|
Designation : |
Director |
|
Address : |
H.
No.6-3-1100/4/3, Plot No.2, 301,Lotus Lake View Apartment, Greem Lands
Somajiguda, Hyderabad - 500082, Andhra Pradesh, India |
|
Date of Birth/Age : |
01.07.1958 |
|
Date of Appointment : |
01.09.2012 |
|
DIN No.: |
00365630 |
|
|
|
|
Name : |
Mr. Anand Pradeep Kumar |
|
Designation : |
Director |
|
Address : |
Flat No.306,
Plot No.GH-4, Sabzaar C.G.H.S., Sector-45, Faridabad - 121003, Haryana, India
|
|
Date of Birth/Age : |
15.09.1964 |
|
Date of Appointment : |
16.08.2005 |
|
DIN No.: |
01530354 |
|
|
|
|
Name : |
Mrs. Svetlana Kazankina |
|
Designation : |
Director |
|
Address : |
Jaihun Street, Building 22-A, Samarkand – 1001004, Uzbekistan |
|
Date of Birth/Age : |
04.06.1982 |
|
Date of Appointment : |
08.08.2011 |
|
DIN No.: |
03593423 |
|
|
|
|
Name : |
Mr. Sanjeev Madanlal Jain |
|
Designation : |
Director |
|
Address : |
D-596, Situated at Chittaranjan Park, New Delhi – 110019, India |
|
Date of Birth/Age : |
20.04.1964 |
|
Date of Appointment : |
09.06.2012 |
|
DIN No.: |
05188803 |
KEY EXECUTIVES
|
Name : |
Mr. D. K. Gulati |
|
Designation : |
Vice President – Finance and Accounts |
|
Email : |
|
|
|
|
|
Name : |
Ms. Simmi Khanna |
|
Designation : |
Asst. manager – Marketing |
|
Email : |
|
|
|
|
|
Name : |
Ms. Niranjana Singh |
|
Designation : |
Asst. Manager – HR |
|
Email : |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
No. of Shares |
Percentage |
|
|
|
|
|
Anand Pradeep Kumar |
4268500 |
65.58% |
|
Dream Tech Exports Private Limited |
107000 |
1.64% |
|
Mara Securities Private Limited |
410000 |
6.30% |
|
Simba Securities Private Limited |
300000 |
4.61% |
|
Sankan Travels Private Limited |
112000 |
1.72% |
|
Agrimas Chemical Limited |
1311000 |
20.14% |
|
|
|
|
|
Total |
6508500 |
100% |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies corporate |
|
34.42 |
|
Directors or relatives of directors |
|
65.58 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Marketing of Agro-Chemical Products Namely,
Pesticides and Bio-Products. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||
|
Bankers : |
· State Bank of Bikaner and Jaipur (Lead Bank) 16, Community Centre, Saket, New Delhi – 110017, Delhi, India · Corporation Bank Overseas Branch, M-93,Connaught Place, New Delhi – 110001, India |
||||||||||||||||||||||||
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|
||||||||||||||||||||||||
|
Facilities : |
|
||||||||||||||||||||||||
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
S. R. Kapur and Company Chartered Accountant |
|
Address : |
R-289-C, Greater Kailsh, Part – I, New Delhi – 110048, India |
|
PAN No.: |
AAAFS9078E |
|
|
|
|
Other related Parties : |
· Dream Tech Exports Private Limited · Pasumai Irrigation Limited · Vithaj Agrichem Industries Private Limited · Agrimas Chemicals Limited · Mara Securities Private Limited · Simba Securities Private Limited · Sime Coromandel Energy Private Limited · Sankan Travels Private Limited · R N D Investment Private Limited · Murrey Finance and Investment Limited · Priston Builders Private Limited · Coromandel Indag Products India Limited · Pritsons Builders and Constructions Private Limited |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
10000000 |
Equity Shares |
Rs.10/- each |
Rs.100.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
6508500 |
Equity Shares |
Rs.10/- each |
Rs.65.085
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
65.085 |
55.085 |
28.685 |
|
|
2] Share Application Money |
0.000 |
0.000 |
11.400 |
|
|
3] Reserves & Surplus |
113.728 |
81.109 |
50.613 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
178.813 |
136.194 |
90.698 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
275.553 |
169.792 |
92.462 |
|
|
2] Unsecured Loans |
95.328 |
87.357 |
74.521 |
|
|
TOTAL BORROWING |
370.881 |
257.149 |
166.983 |
|
|
DEFERRED TAX LIABILITIES |
7.567 |
5.916 |
4.102 |
|
|
|
|
|
|
|
|
TOTAL |
557.261 |
399.259 |
261.783 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
148.889 |
151.192 |
105.626 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.051 |
0.051 |
0.051 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
329.623
|
252.731 |
188.792 |
|
|
Sundry Debtors |
223.718
|
179.059 |
140.362 |
|
|
Cash & Bank Balances |
26.797
|
35.531 |
21.051 |
|
|
Other Current Assets |
7.709
|
9.049 |
0.157 |
|
|
Loans & Advances |
94.030
|
49.969 |
99.193 |
|
Total
Current Assets |
681.877
|
526.339 |
449.555 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
196.067
|
225.538 |
285.335 |
|
|
Other Current Liabilities |
56.233
|
37.841 |
0.000 |
|
|
Provisions |
21.256
|
14.944 |
8.238 |
|
Total
Current Liabilities |
273.556
|
278.323 |
293.573 |
|
|
Net Current Assets |
408.321
|
248.016 |
155.982 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.124 |
|
|
|
|
|
|
|
|
TOTAL |
557.261 |
399.259 |
261.783 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
1352.642 |
1121.732 |
NA |
|
|
|
Other Income |
11.682 |
7.109 |
NA |
|
|
|
TOTAL |
1364.324 |
1128.841 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
TOTAL |
1311.054 |
1081.531 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
53.270 |
47.310 |
29.655 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
20.651 |
16.814 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
32.619 |
30.496 |
NA |
|
|
|
|
|
|
|
|
|
|
IMPORTS VALUE |
50.460 |
0.000 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
5.01 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
2.39
|
2.70 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
3.94
|
4.22 |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.41
|
6.98 |
5.34 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.30
|
0.35 |
0.33 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.07
|
1.89 |
1.84 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.49
|
1.89 |
1.53 |
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 |
No |
|
9] |
Name of person contacted |
No |
|
10] |
Designation of contact person |
No |
|
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 |
Yes |
|
17] |
Major suppliers |
No |
|
18] |
Major customers |
No |
|
19] |
Payments terms |
No |
|
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 |
Yes |
UNSECURED LOANS
|
Particulars |
31.03.2012 |
31.03.2011 |
|
|
(Rs. In Millions) |
|
|
|
|
|
|
Working Capital Loan From Banks |
5.418 |
87.357 |
|
Deposits from Others |
89.910 |
0.000 |
|
|
|
|
|
Total |
95.328 |
87.357 |
NOTE:
The Registered office of the company has been
shifted from, 41, Community Centre, Zamrudpur Kailash Colony Ext, New Delhi – 110048,
India, to the present address w.e.f. 01.09.2009.
OPERATIONS
The Company is
stepping towards the growth and an increase has been marked in the operating
results of the Company as compared to the previous year. During the year, the
operating revenue of the Company has increased to Rs.1352.642 Millions compared
to Rs.1121.732 Millions in the Previous Year, registering an impressive growth
of 20.56 % (Approx.). The profit after tax for the year increased by 6.96 %
(approx.) at Rs. 32.619 Millions compared to Rs.30.496 Millions in the previous
year.
CONTINGENT LIABILITIES
|
|
31.03.2012 |
31.03.2011 |
|
|
(Rs. In
Millions) |
|
|
|
|
|
|
Letter of credit |
24.413 |
3.725 |
|
Estimated amounts of contracts remaining to be executed on Capital account |
0.190 |
2.200 |
|
Sales Tax demand (Disputed) |
0.288 |
0.048 |
FORM 8
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10298346 |
|
Corporate
identity number of the company |
U74899DL1998PTC097496 |
|
Name of the
company |
COROMANDEL AGRICO
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
3rd Floor, 7
Community Centre, Near Sapna Cinema, East of Kailash, New Delhi – 110065,
India |
|
Type of charge |
Book Debts Movable Property |
|
Particular of
charge holder |
Corporation Bank Overseas Branch,
M-93, Connaught Place, New Delhi – 110001, India |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
common deed of hypothecation of movables/assets/debts. |
|
Date of
instrument Creating the charge |
28/03/2012 |
|
Amount secured by
the charge |
Rs.125.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As per terms of
Sanction. Terms of
Repayment CC: Running
account repayable on demand subject to Annual Renewal. Margin As per terms of
Sanction. Extent and
Operation of the charge Cash Credit : Rs.60.000 Millions Inland/Import
LC : Rs.50.000 Millions Adhoc Cash
Credit : Rs.15.000 Millions Others -NA- |
|
Short particulars
of the property charged |
Exclusive first
charge on the current assets of the company and movable fixed assets of the
company excluding vehicles which are hypothecated to other lenders. |
|
Date of latest
modification prior to the present modification |
25/06/2011 |
|
Particulars of
the present modification |
The limit stands
enhanced from Rs.110.000 Millions to Rs.125.000 Millions Cash Credit : Rs.60.000 Millions to Rs.60.000 Millions Inland/Import
LC : Rs.50.000 Millions to Rs.50.000 Millions Adhoc Cash
Credit : -
Rs.15.000 Millions |
FIXED ASSETS:
· Land Leasehold
· Factory Building on Leasehold
· Plant and Machinery
· Furniture and Fixture
· Computer
· Refrigerator
· Air Conditioner
· Office Equipment
· Laboratory Equipment
· Fans
· Coolers
· Electronics scale
· Cycle
· Generator
· Mobile Phones
· Motor Cars
· Fax Machine
· Electrical Equipment
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.53.57 |
|
|
1 |
Rs.84.37 |
|
Euro |
1 |
Rs.72.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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.