MIRA
INFORM REPORT
|
Report Date : |
03.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SRIVASAVI ADHESIVE TAPES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No.B-100, KSSIDC
Industrial Estate, Doddaballapura, Bangalore – 561 203, Karnataka |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2012 |
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Date of Incorporation
: |
19.03.2010 |
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Com. Reg. No.: |
08-052908 |
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|
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Capital
Investment / Paid-up Capital : |
Rs.2.473
millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U24295KA2010PTC052908 |
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|
|
Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Manufacturer of Industrial Speciality Adhesive Tapes, Foams, Films, Fabrics and Die Cuts. |
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|
|
No. of Employees
: |
80 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (33) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 27000 |
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|
|
Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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Comments : |
Subject was established as a proprietary concern during 2002 by the
name ‘Sri Vasavi Enterprises’ and during 2010 it got converted into a private
limited company. It has a moderate track record. The reserves appear to be low. The
external borrowings have increased during 2012. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. The company can be considered for business dealings with some caution.
Profit and Loss A/c for the year 2012 is not available. |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very
High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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. Dasa Nagaraju Anil Kumara |
|
Designation : |
Director |
|
Contact No.: |
91-9845321631 |
|
Date : |
26.06.2013 |
LOCATIONS
|
Registered Office/ Factory : |
No.B-100, KSSIDC
Industrial Estate, Doddaballapura, Bangalore – 561 203, Karnataka, India |
|
Tel. No.: |
91-80-23447219/ 27630090/ 65905644/ 23637219 |
|
Mobile No.: |
91-9845321631 (Mr. Dasa Nagaraju Anil Kumara) |
|
Fax No.: |
91-80-23447219/ 23463235/ 27630090 |
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E-Mail : |
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Website : |
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|
Area : |
10000 sq ft |
|
Location : |
Rented |
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|
|
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Branch Office : |
Located at: ·
Chennai ·
Pune ·
Ahmedabad ·
Hyderabad |
DIRECTORS
AS ON 24.09.2012
|
Name : |
Mr. Dasa Nagaraju Anil Kumara |
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|
Designation : |
Director |
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Address : |
# 30, Sahakarangar, Defence Colony, Kodigehalli, Bangalore – 560 092,
Karnataka, India |
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Date of Birth/Age : |
01.05.1978 |
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Date of Appointment : |
19.03.2010 |
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DIN No.: |
02779362 |
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Other Directorship:
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|||||||||||||||||||||||||||
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Name : |
Mrs. Ashwini Dasa Anil Kumara |
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|
Designation : |
Director |
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|
Address : |
# 30, Sahakarangar, Defence Colony, Kodigehalli, Bangalore – 560 092,
Karnataka, India |
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Date of Birth/Age : |
03.01.1985 |
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Date of Appointment : |
19.03.2010 |
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DIN No.: |
02779449 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 24.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Dasa Nagaraju Anil Kumara |
|
186500 |
|
Ashwini Dasa Anilkumar |
|
60800 |
|
Total
|
|
247300 |
AS ON 05.02.2013
|
Names of Allottees |
|
No. of Shares |
|
Dasa Nagaraju Anil Kumara |
|
490000 |
|
Ashwini Dasa Anilkumar |
|
210000 |
|
Total
|
|
700000 |
AS ON 24.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Directors
or relatives of directors |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Industrial Speciality Adhesive Tapes, Foams, Films, Fabrics and Die Cuts. |
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|
|
|
Products : |
·
Adhesive Tapes ·
BOPP Tapes ·
Double Sided Tapes ·
Packaging and Protection Tapes ·
Specialty Tapes ·
Double Sided Adhesive Tapes ·
Masking Tapes ·
Die Cut Tapes ·
Foams Films and Fabrics ·
Dow Corning Sealants ·
Industrial Foams ·
Bumper Stop ·
Low Skid Rubber |
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|
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Exports : |
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|
Products : |
·
Adhesive Tapes |
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Countries : |
·
Indonesia ·
Europe |
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|
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Imports : |
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|
Countries : |
·
Germany ·
China |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
·
Dow Corning
India Private Limited |
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Customers : |
End Users and OEM’s · Saint Gobain Glass |
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No. of Employees : |
80 (Approximately) |
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Bankers : |
·
ING Vysya Bank Limited, 167, R.M.C. Yard, 6th
Main, 6th Cross, Yeshwantpur, Bangalore – 560 022, Karnataka,
India ·
ICICI Bank Limited ·
State Bank of India |
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Facilities : |
Cash Credit: Rs.20.000 millions (From ING Vysya Bank Limited)
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Banking
Relations : |
-- |
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Auditors : |
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|
Name : |
Rangappa and Company Chartered Accountants |
|
Address : |
No.73, 3rd Floor, Ezzi Mansion, S.J.P. Road, Bangalore –
560 002, Karnataka, India |
|
Tel. No.: |
91-80-22248924/ 41329445 |
|
PAN No: |
ABEFS5702J |
CAPITAL STRUCTURE
AFTER 24.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1200000 |
Equity Shares |
Rs.10/- each |
Rs.12.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
947300 |
Equity Shares |
Rs.10/- each
|
Rs.9.473
millions |
|
|
|
|
|
AS ON 24.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
247300 |
Equity Shares |
Rs.10/- each
|
Rs.2.473
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
|
31.03.2012 |
31.03.2011 |
|
I.
EQUITY AND LIABILITIES |
|
|
|
|
(1) Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
2.473 |
0.720 |
|
(b) Reserves & Surplus |
|
1.987 |
0.679 |
|
(c) Money received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
2.390 |
1.753 |
|
Total
Shareholders’ Funds (1) + (2) |
|
6.850 |
3.152 |
|
|
|
|
|
|
(3) Non-Current
Liabilities |
|
|
|
|
(a) Long-term borrowings |
|
1.363 |
0.560 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long
term liabilities |
|
0.000 |
0.000 |
|
(d) Long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
1.363 |
0.560 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a)
Short term borrowings |
|
7.185 |
1.700 |
|
(b)
Trade payables |
|
13.587 |
13.642 |
|
(c)
Other current liabilities |
|
0.119 |
0.019 |
|
(d) Short-term
provisions |
|
3.640 |
0.689 |
|
Total Current Liabilities
(4) |
|
24.531 |
16.050 |
|
|
|
|
|
|
TOTAL |
|
32.744 |
19.762 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i)
Tangible assets |
|
7.378 |
2.380 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii)
Capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.023 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.000 |
0.000 |
|
(e) Other
Non-current assets |
|
0.035 |
0.053 |
|
Total Non-Current
Assets |
|
7.436 |
2.433 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current
investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
7.318 |
2.838 |
|
(c)
Trade receivables |
|
16.214 |
11.040 |
|
(d) Cash
and cash equivalents |
|
0.244 |
0.287 |
|
(e)
Short-term loans and advances |
|
1.347 |
1.950 |
|
(f) Other
current assets |
|
0.185 |
1.214 |
|
Total
Current Assets |
|
25.308 |
17.329 |
|
|
|
|
|
|
TOTAL |
|
32.744 |
19.762 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
0.720 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
0.000 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
0.720 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
0.000 |
|
|
TOTAL BORROWING |
|
|
0.000 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.720 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.000 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERRED TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
0.000 |
|
|
Sundry Debtors |
|
|
0.000 |
|
|
Cash & Bank Balances |
|
|
0.720 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
0.000 |
|
Total
Current Assets |
|
|
0.720 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
0.000 |
|
|
Other Current Liabilities |
|
|
0.000 |
|
|
Provisions |
|
|
0.066 |
|
Total
Current Liabilities |
|
|
0.066 |
|
|
Net Current Assets |
|
|
0.654 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.066 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
0.720 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
34.013 |
0.000 |
|
|
|
Other Income |
|
0.250 |
0.000 |
|
|
|
TOTAL (A) |
|
34.263 |
0.000 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases |
|
31.944 |
0.000 |
|
|
|
Selling & Administrative Expenses |
|
2.447 |
0.000 |
|
|
|
Direct Expenses |
|
1.591 |
0.000 |
|
|
|
Auditors Remuneration |
|
0.065 |
0.000 |
|
|
|
Preliminary Expenses W/off |
|
0.013 |
0.000 |
|
|
|
Increase/ Decrease in Stock |
|
(2.837) |
0.000 |
|
|
|
TOTAL (B) |
|
33.223 |
0.000 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
1.040 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
0.103 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
0.937 |
0.000 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
0.082 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
|
0.855 |
0.000 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
|
0.176 |
0.000 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
|
0.679 |
0.000 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
|
0.679 |
0.000 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
|
9.43 |
0.00 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
1.98 |
0.00 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
2.51 |
0.00 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
NA
|
4.33 |
0.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
NA
|
0.27 |
0.00 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.25
|
0.72 |
0.00 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.03
|
1.08 |
10.91 |
LOCAL AGENCY FURTHER INFORMATION
|
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 two years |
Yes |
|
12) Profitability for last two 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 |
No |
|
17) Major suppliers |
Yes |
|
18) Major customers |
Yes |
|
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 |
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 |
|
Unsecured Loan |
As
on 31.03.2012 (Rs.
in Millions) |
As
on 31.03.2011 (Rs.
in Millions) |
|
SHORT TERM
BORROWINGS |
|
|
|
From Director Dasa Nagaraju Anil Kumara |
1.900 |
1.100 |
|
From Ashwini D.A. |
0.600 |
0.600 |
|
Total
|
2.500 |
1.700 |
Note:
The registered
office of the company has been shifted from No.B-100, Industrial Estate, KSSIDC
Industrial Estate, Doddaballapur, Bangalore – 561 203, Karnataka to the
present address w.e.f. 27.03.2010.
Bankers Charges
Report as per Registry
|
Corporate
identity number of the company |
U24295KA2010PTC052908 |
|
Name of the
company |
SRIVASAVI ADHESIVE TAPES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
No.B-100, KSSIDC
Industrial Estate, Doddaballapura, Bangalore – 561 203, Karnataka, India E-Mail: info@vasavitapes.com |
|
This form is for |
Modification of
charge |
|
Charge
identification number of the modified |
10302024 |
|
Type of charge |
Book Debts Floating Charge Others
(Hypothecation on stocks) |
|
Particular of
charge holder |
CIN No.:
L85110KA1930PLC000124 ING Vysya Bank
Limited, 167, R.M.C. Yard, 6th Main, 6th Cross,
Yeshwantpur, Bangalore – 560 022, Karnataka, India E-Mail: cms@companiesinn.com |
|
Nature of
description of the instrument creating or modifying the charge |
Supplemental
Facility Cum Hypothecation Agreement. |
|
Date of
instrument Creating the charge |
07.05.2013 |
|
Amount secured by
the charge |
Rs.19.000
millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest: OD-SIT/BD :
IVBR+2.30% ILC/FLC (Fresh): Commission
as per TFU guidelines. Terms of
Repayment: OD-SIT/BD : On
Demand ILC/FLC (Fresh) :
On Demand Margin: OD-SIT/BD: 25% on
stocks and book debts. ILC/FLC (Fresh):
15% by way of FDR. Extent and
Operation of the charge: First charge on
the stocks and book debts of the company from time to time. ILC/FLC (Fresh):
Document of title to goods purchased/purchased under the LC till acceptance
of the bill. Accepted bills of exchange till retirement of the bills.
Hypothecation of purchased/imported under the LC. Others: Nil |
|
Short particulars
of the property charged |
All the stocks
and book debts of the company from time to time. Document of title
to goods purchased/purchased under the LC till acceptance of the bill. Accepted
bills of exchange till retirement of the bills. Hypothecation of
purchased/imported under the LC. |
|
Particulars of
the present modification |
The total limit
has been enhanced from Rs.8.000 millions to Rs.19.000 millions as follows Limit Existing Modified (Amount in millions) OD-SIT/BD 8.000 10.000 FLC/ILC(Fresh) Nil 9.000 All other terms
and conditions are remain same. |
TRADE REFERENCES:
·
Saint Gobain Glass
· Dow Corning India Private Limited
FIXED ASSETS:
·
Plant and Machinery
·
Mobile Hand Set
·
UPS
·
Furniture and Fixture
·
Vehicles
·
Computer Laptop
·
Computer and Software
·
KIADB Land
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.59.41 |
|
|
1 |
Rs.90.38 |
|
Euro |
1 |
Rs.77.61 |
INFORMATION DETAILS
|
Information
Gathered by : |
PLV |
|
|
|
|
Report Prepared
by : |
SMN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTERS |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
33 |
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.