MIRA INFORM REPORT
|
Report Date : |
06.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANWA DIAMOND TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
No. 7, Narang Chambers, 3rd Floor, Opposite Town Hall, N.
R. Road, Bangalore – 560002, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
31.12.1993 |
|
|
|
|
Com. Reg. No.: |
08-015088 |
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|
|
|
Capital
Investment / Paid-up Capital : |
Rs.5.138 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U85110KA1993PTC015088 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BLRS04199G |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of Diamond Cutting Tools, Stone Cutting Tools and Diamond
Tools. |
|
|
|
|
No. of Employees
: |
130 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba (48) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 1048000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
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|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having satisfactory track record. There appears a decrease in the sales turnover as well as net profitability
during 2012. However, trade relations are fair. Business is active. Payments
terms are reported as 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 – 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
|
Name : |
Mr. Balaji |
|
Designation : |
Accounts Manager |
|
Contact No.: |
91-080-22234891 |
|
Date : |
28.06.2013 |
LOCATIONS
|
Registered Office : |
No. 7, Narang Chambers, 3rd Floor, Opposite Town Hall, N.
R. Road, Bangalore - 560002, Karnataka, India |
|
Tel. No.: |
91-80-23320288/22234891/2234749 |
|
Fax No.: |
91-80-22278269 |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
500 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Corporate Office : |
My |
|
Tel. No.: |
91-80-22234891 / 41531160 |
|
Fax No.: |
91-80-22278269 |
|
E-Mail : |
|
|
Website : |
|
|
Area: |
3500 sq. ft. |
|
Location : |
Rented |
|
|
|
|
Factory: |
No. 30 to 34 and 39, KIADB Industrial Area, Sqmahali Maddur Taluka,
Mandya District, Karnataka, India |
|
Location : |
Owned |
DIRECTORS
As on: 30.09.2010
|
Name : |
Mr. Anjan Ramchandran Salgame |
|
Designation : |
Managing Director |
|
Address : |
No. 1303, Sai Nivas, 32 F Cross, Jayanagar, |
|
Date of Birth/Age : |
22.02.1958 |
|
Date of Appointment : |
31.12.1993 |
|
DIN No. : |
01957098 |
|
|
|
|
Name : |
Mr. Perumalapalli Raju |
|
Designation : |
Director |
|
Address : |
No. 108, Dheeraj Manor, 24 Kensington road, Ulsoor, |
|
Date of Birth/Age : |
04.12.1967 |
|
Date of Appointment : |
31.12.1993 |
|
DIN No. : |
00770053 |
|
|
|
|
Name : |
Ms. Geetha Salgame |
|
Designation : |
Director |
|
Address : |
No. 1303, Sai Nivas, 32 F Cross, Jayanagar, |
|
Date of Birth/Age : |
24.01.1964 |
|
Date of Appointment : |
29.11.1996 |
KEY EXECUTIVES
|
Name : |
Mr. Balaji |
|
Designation : |
Accounts Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 30.09.2010
|
Names of Shareholders |
No. of Shares |
|
A R Salgame |
16919 |
|
P Raju |
6359 |
|
Geetha Salgame |
3282 |
|
Saroja Ramchandran |
1723 |
|
Ansal Granicom Private Limited, |
22477 |
|
Kailas A Salgame |
621 |
|
TOTAL |
51381 |
As on: 30.09.2010
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Directors or relatives of Directors |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Diamond Cutting Tools, Stone Cutting Tools and Diamond
Tools. |
|
|
|
|
Exports : |
|
|
Products : |
Diamond Cutting Tools |
|
Countries : |
Gulf Country |
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|
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Imports : |
|
|
Products : |
Industrial Diamond Powder |
|
Countries : |
|
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Terms : |
|
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Selling : |
L/C, Cash and Credit |
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Purchasing : |
L/C, Cash and Credit |
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
Wholesaler and Retailers
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No. of Employees : |
130 (Approximately) |
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Bankers : |
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Facilities : |
Over draft Rs. 16.000 Millions Term Loan Rs. 6.500 Millions
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Banking
Relations : |
-- |
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|
|
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Auditors : |
|
|
Name : |
M V R and Company Chartered Accountants |
|
Address : |
890/4/5, 3rd A Main D Block, Rajajinagar, 2nd
stage, Bangalore – 560010, Karnataka, India |
|
Tel. No.: |
91-80-23320288/23325168 |
|
PAN No. : |
AADFV7670E |
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
500000 |
Equity Shares |
Rs.100/- each |
Rs.50.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
51381 |
Equity Shares |
Rs.100/- each |
Rs.5.138 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 |
|
5.138 |
5.138 |
|
(b) Reserves & Surplus |
|
256.935 |
238.174 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
2.972 |
|
Total
Shareholders’ Funds (1) + (2) |
|
262.073 |
246.284 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
4.298 |
2.112 |
|
(b) Deferred tax liabilities (Net) |
|
22.457 |
19.886 |
|
(c) Other long term
liabilities |
|
4.038 |
4.038 |
|
(d) long-term
provisions |
|
2.260 |
1.184 |
|
Total Non-current
Liabilities (3) |
|
33.053 |
27.220 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
22.365 |
16.334 |
|
(b) Trade payables |
|
13.798 |
31.316 |
|
(c) Other current
liabilities |
|
16.708 |
10.813 |
|
(d) Short-term
provisions |
|
8.368 |
7.637 |
|
Total Current
Liabilities (4) |
|
61.239 |
66.100 |
|
|
|
|
|
|
TOTAL |
|
356.365 |
339.604 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
170.521 |
151.363 |
|
(ii) Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Capital
work-in-progress |
|
0.000 |
3.380 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.458 |
0.458 |
|
(e) Other
Non-current assets |
|
15.713 |
14.085 |
|
Total Non-Current
Assets |
|
186.692 |
169.286 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
57.399 |
75.525 |
|
(b) Inventories |
|
23.670 |
21.097 |
|
(c) Trade receivables |
|
73.275 |
56.596 |
|
(d) Cash and cash
equivalents |
|
15.055 |
17.100 |
|
(e) Short-term loans
and advances |
|
0.274 |
0.000 |
|
(f) Other current
assets |
|
0.000 |
0.000 |
|
Total Current Assets |
|
169.673 |
170.318 |
|
|
|
|
|
|
TOTAL |
|
356.365 |
339.604 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
12.270 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
215.199 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
227.469 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
16.351 |
|
|
2] Unsecured Loans |
|
|
0.554 |
|
|
TOTAL BORROWING |
|
|
16.905 |
|
|
DEFERRED TAX LIABILITIES |
|
|
18.091 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
262.465 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
153.443 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
71.968 |
|
|
DEFERREX TAX ASSETS |
|
|
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
20.486 |
|
|
Sundry Debtors |
|
|
55.257 |
|
|
Cash & Bank Balances |
|
|
9.062 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
6.737 |
|
Total
Current Assets |
|
|
91.542 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
32.079 |
|
|
Other Current Liabilities |
|
|
22.409 |
|
|
Provisions |
|
|
0.000 |
|
Total
Current Liabilities |
|
|
54.488 |
|
|
Net Current Assets |
|
|
37.054 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
262.465 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
230.693 |
207.001 |
233.483 |
|
|
|
Other Income |
11.241 |
14.527 |
14.614 |
|
|
|
TOTAL (A) |
241.934 |
221.528 |
248.097 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Material Consumed |
131.814 |
113.428 |
|
|
|
|
Changes in Inventories of Finished Goods, Work-in-progress and
Stock-in-trade |
(2.221) |
(3.007) |
|
|
|
|
Employee Benefit Expenses |
16.566 |
16.825 |
|
|
|
|
Other Expenses |
56.462 |
53.892 |
|
|
|
|
TOTAL (B) |
202.621 |
181.138 |
173.014 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
39.313 |
40.390 |
75.083 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
3.488 |
2.295 |
1.932 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
35.825 |
38.095 |
73.151 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
10.264 |
9.521 |
8.437 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
25.561 |
28.574 |
64.714 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
6.801 |
5.599 |
12.190 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-I) (J) |
18.760 |
22.975 |
52.524 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
NA |
2.005 |
1.688 |
|
|
TOTAL EARNINGS |
NA
|
2.005 |
1.688 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
55.103 |
60.441 |
66.961 |
|
|
|
Capital Goods |
2.765 |
0.000 |
0.000 |
|
|
|
Finished Goods for Trading |
25.433 |
9.961 |
10.725 |
|
|
TOTAL IMPORTS |
83.301 |
35.394 |
77.686 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
365 |
447 |
1022.24 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
7.75
|
10.37 |
21.17 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
11.08
|
13.80 |
27.72 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
7.51
|
8.88 |
26.41 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.10
|
0.17 |
0.28 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
0.10
|
0.07 |
0.07 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.77
|
2.57 |
1.68 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check
List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year
of Establishment |
Yes |
|
2] |
Locality
of the firm |
Yes |
|
3] |
Constitutions
of the firm |
Yes |
|
4] |
Premises
details |
Yes |
|
5] |
Type
of Business |
Yes |
|
6] |
Line
of Business |
Yes |
|
7] |
Promoter's
background |
Yes |
|
8] |
No.
of employees |
Yes |
|
9] |
Name
of person contacted |
Yes |
|
10] |
Designation
of contact person |
Yes |
|
11] |
Turnover
of firm for last three years |
Yes |
|
12] |
Profitability
for last three years |
Yes |
|
13] |
Reasons
for variation <> 20% |
---------------------- |
|
14] |
Estimation
for coming financial year |
No |
|
15] |
Capital
in the business |
Yes |
|
16] |
Details
of sister concerns |
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 |
DIAMOND INDUSTRY – INDIA
-
From time immemorial, India is well known in the world
as the birthplace for diamonds. It is difficult to trace the origin of
diamonds but history says that in the remote past, diamonds were mined only in
India. Diamond production in India can be traced back to almost 8th
Century B.C. India, in fact, remained undisputed leader till 18th
Century when Brazilian fields were discovered in 1725 followed by emergence of
S. Africa, Russia and Australia.
-
The achievement of the Indian diamond industry was
possible only due to combination of the manufacturing skills of the Indian
workforce and the untiring and unflagging efforts of the Indian diamantaires,
supported by progressive Government policies.
-
The area of study of family owned diamond businesses
derives its importance from the huge conglomerate of family run organizations
which operate in the diamond industry since many generations.
-
Some of the basic traits of family run business
enterprises include spirit of entrepreneurship, mutual trust lowers transaction
costs, small, nimble and quick to react, information as a source of advantage
and philanthropy.
-
Family owned diamond businesses need to improve on
many fronts including higher standard of corporate governance, long-term
performance – focused strategies, modern management and technology.
-
Utmost caution is to be exercised while dealing with
some medium and large diamond traders which are usually engaged in fictitious
import – export, inter-company transactions, financially assisted by banks. In
the process, several public sector banks lost several hundred million rupees.
They mostly diverted borrowed money for diamond business into real estate and
capital markets.
-
Excerpts from Times of India dated 30th
October 2010 is as under –
-
Gem & Jewellery Export Promotion Council in its
statistical data has shown the export of polished diamonds to have increase by
28 % in February 2013. Compared to $ 1.4 bn worth of polished diamond export in
February, 2012, India exported $ 1.84 billion worth of polished diamonds in
February 2013. A senior executive of GJEPC said, “Export of cut and polished
diamonds started falling month-wise after the imposition of 2 % of import duty
on the polished diamonds. But February, 2013 has given a new ray of hope to the
industry as the export of polished diamonds has actually increased by 28 %. It
means the industry is on the track of recovery and round tripping of
diamonds has stopped completely.” Demand has started coming from the US, the
UK, Japan and China. India’s polished diamond export is expected to cross $ 21
bn in 2013-14.
-
The banking sector has started exercising restraint
while following prudent risk management norms when lending money to gems and
jewellery sector. This follows the implementation of Basel III accord – a
global voluntary regulatory standard on bank capital adequacy, stress testing
and market liquidity.
UNSECURED LOAN:
|
Particulars |
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
Loan from Religare Finvest |
0.388 |
0.000 |
|
Loan from Saroj Ramchandra |
0.012 |
0.012 |
|
Loan from P. Raju |
0.540 |
0.040 |
|
Loan from Geetha Salgame |
0.502 |
0.502 |
|
Loan from A R Salgame |
0.057 |
0.000 |
|
|
|
|
|
Short Term
Borrowing |
|
|
|
Loans repayable on demand from Religare Finvest Limited |
2.909 |
0.000 |
|
|
|
|
|
Total
|
4.408 |
0.554 |
FIXED ASSETS:
- Land
- Building
- Plant and
Machinery
- Office
Equipments
- Furniture and
Fixture
- Vehicle
- Computer
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.60.34 |
|
|
1 |
Rs.90.79 |
|
Euro |
1 |
Rs.77.81 |
INFORMATION DETAILS
|
Information
Gathered by : |
NYN |
|
|
|
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
48 |
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 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.