MIRA
INFORM REPORT
|
Report Date : |
05.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
S. N. TRADELINK PRIVATE LIMITED |
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|
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Registered
Office : |
3010, Momai Complex, Outside Sahara Darwaja, |
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|
Country : |
India |
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|
Financials (as
on) : |
31.03.2012 |
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|
Date of
Incorporation : |
07.07.2006 |
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Com. Reg. No.: |
04-048648 |
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Capital
Investment / Paid-up Capital : |
Rs. 13.975 Millions |
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|
|
|
CIN No.: [Company Identification
No.] |
U10200GJ2006PTC048648 |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
SRTS06662F |
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PAN No.: [Permanent Account No.] |
AAKCS0060R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
Subject is engaged in Trading of coal. |
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No. of Employees
: |
100 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
B (34) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 510000 |
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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 is an established company having a moderate track record. The profitability of the company seems to be low. The company recorded
stretched liquidity due to increase in working capital and exposure to debtor
risk. However, trade relations are reported to be fair. Business is active.
Payments are reported to be slow but correct. The company can be considered for business dealings with some caution. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long term rating: B+ |
|
Rating Explanation |
Having high risk of default regarding timely servicing of financial
obligation. |
|
Date |
June 2012 |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2012.
INFORMATION PARTED BY
|
Name : |
Mr. Shailesh Agarwal |
|
Designation : |
Director |
|
Contact No.: |
91-9825811118 |
|
Date : |
04.06.2013 |
LOCATIONS
|
Registered Office : |
3010, Momai Complex, Outside Sahara Darwaja, |
|
Tel. No.: |
91-261-2325978 |
|
Mobile No.: |
91-9825811118 (Mr. Shailesh Agarwal) |
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Fax No.: |
91-261-2342674 |
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E-Mail : |
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Website : |
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Location : |
Owned |
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Factory 1: |
Opposite Suhag Mill, |
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Factory 2: |
Near Juna Rafalia Raod, Morbi, Gujarat, India |
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Godown : |
Survey No.78, Suidank, Vadodara, |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Navinchandra Suratwala |
|
Designation : |
Director |
|
Address : |
1, Modheshwari Co-operative Society, Near Maher Nagar, |
|
Date of Birth/Age : |
14.03.1955 |
|
Date of Appointment : |
07.07.2006 |
|
PAN No.: |
AEDPS0939R |
|
DIN No.: |
00162741 |
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|
|
|
Name : |
Mr. Shailesh Sanjjankumar Agarwal |
|
Designation : |
Director |
|
Address : |
34, Maa Ambe Kripa Society, Opposite Kapadia Health Club, |
|
Date of Birth/Age : |
26.12.1987 |
|
Date of Appointment : |
07.07.2006 |
|
PAN No.: |
AHVPA7423K |
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DIN No.: |
00162753 |
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|
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|
Name : |
Mr. Sanjjankumar Suganchand Agarwal |
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Designation : |
Director |
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Address : |
34, Maa Ambe Kripa Society, Opposite Kapadia Health Club, |
|
Date of Birth/Age : |
14.08.1954 |
|
Date of Appointment : |
07.07.2006 |
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PAN No.: |
ABWPA8095Q |
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DIN No.: |
00162818 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Sajjankumar Agarwal |
|
654500 |
|
Navinchandra Suratwala |
|
5000 |
|
Shailesh Agarwal |
|
12600 |
|
Sajjankumar S. Agarwal (HUF) |
|
588160 |
|
Sanjay Mittal |
|
2000 |
|
Vishnu Mittal |
|
2000 |
|
Ansuiyaben Suratwala |
|
7000 |
|
Navinchandra Suratwala (HUF) |
|
100 |
|
Saroj Agarwal |
|
1000 |
|
Adarsh Filaments Private Limited, |
|
5000 |
|
Hitesh Agarwal |
|
91000 |
|
Sushilkumar R. Agarwal (HUF) |
|
29000 |
|
Babitadevi Mundhra |
|
5 |
|
|
|
5 |
|
Ankit Pramod Saraogi |
|
5 |
|
Lalita Vinod Bhattar |
|
5 |
|
Murlimanohar Taparia |
|
5 |
|
S.N. Chandak and Sons HUF |
|
5 |
|
Kantadevi Mohata |
|
5 |
|
Soindra Jahu |
|
5 |
|
Ajit Gopalbhai Shoni |
|
5 |
|
Chandresh Hareshbhai Sharma |
|
5 |
|
Jagdish Tulsibhai Surati |
|
5 |
|
Mitesh Lalabhai Gamit |
|
5 |
|
Shilesh Popatbhai Rane |
|
5 |
|
Bhagwati Ramniwas Jhanwar |
|
5 |
|
Durga Ramgopal Bang |
|
5 |
|
Ghishulal Mundra HUF |
|
5 |
|
Laxmikant S. Gupta |
|
5 |
|
Moolchand Jethmal Mundhra |
|
5 |
|
Murlidhar Taparia and Sons |
|
5 |
|
Pawan Moondra |
|
5 |
|
Ramesh Shrikishna Taparia |
|
5 |
|
Ramgopal Banshilal Bang |
|
5 |
|
Sitadevi Shrikishan Taparia |
|
5 |
|
Soni Silk Mills |
|
5 |
|
Sudarshan Enterprises (Beneficiary: Navin Suratwala) |
|
4 |
|
|
|
|
|
Total |
|
1397484 |
As on 29.03.20133
|
Names of Allottees |
|
No. of Shares |
|
A Shital and Company, India |
|
5 |
|
Arihant Enterprises, India |
|
5 |
|
Jagdhatri Sales Private Limited, India |
|
5 |
|
Navinchandra H Suratwala |
|
111121 |
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Total |
|
111136 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
0.36 |
|
Directors or relatives of Directors |
55.47 |
|
Other top fifty shareholders |
44.17 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Subject is engaged in Trading of coal. |
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Products : |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL INFORMATION
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Customers : |
Others Textiles v
Aishwarya
Group – v
Baroda
Textile Effects Limited-Padra, v
Bombay
Rayon Fashions Limited – Tarapur, Mumbai v
Donear
Industries Limited- v
Jay
Santoshi Group – v
Kriplon
Synthetics Limited- Tarapur, Mumbai v
Krishna
Terine Group – v
Luthra
Dyeing and Printing Mills- Surat v
Madhusudan
Group- v
Mafatlal
Group - v
Manohar
Processors Limited-Tarapur, Mumbai v
Mudra
Lifestyle Limited-Tarapur, Mumbai v
Paras
Group-Surat v
Prafful
Group of Industries-Surat v
Rani
Sati Group – v
Siddhi
Vinayak Group – v
Sumit
Group of Industries- Surat v
Vardhaman
Group – Steel v
Vaishnav
ISPAT Industries Limited-Tarapur,Mumbai v
Kunal
ISPAT Industries Limited- Tarapur, Mumbai v
Viraj
Steel Limited-Tarapur, Mumbai Paper v
J.K
Paper Limited–Songadh v
Sohil
Paper and packaging Private Limited-Valod v
Shree
Ajit Pulp and Paper limited-Vapi v
R J
Paper Private Limited –Vapi v
Reliable
Group-Vapi Colors and Chemicals v
Gujarat
Fluorochemicals Limited-Dahej v
Colortex
Industries Limited – v
Nova
Petrochemicals Limited-Ahmedabad v
Kadillac
Chemicals Private Limited –Vapi v
Ambica
Petroleum and Charcoal Limited- Morbi v
Specturm
Dychem Private Limited- v
Organic
industries Limited Ceramics v
Sogo
Ceramics Private Limited –Morbi v
Savio
ceramics Private Limited-Morbi v
Nova
Petrochemicals Limited-Ahmedabad v
Bell ceramic
Limited- Morbi v
Decolight
Ceramics Private Limited–Morbi Others v
Nirma
Limited –Ahmedabad v
Hindalco
Industries Limited –Dahej v
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No. of Employees : |
100 (Approximately) |
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Bankers : |
v
Bank of Baroda, Near Kinnari Cinema, Ring Road,
Surat – 395002, Gujarat, India v
Axis Bank Limited v
Kotak Mahindra Bank v
HDFC Bank Limited |
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Facilities : |
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Banking
Relations : |
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Auditors : |
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Name : |
G.S.V. and Company Chartered Accountants |
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Address : |
110, "Financial Super Market", 1st Floor, 21st
Century, |
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Income-tax
PAN of auditor or auditor's firm : |
AAFFG4749P |
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Associates/Subsidiaries : |
Laxmi Road Transport Lines |
CAPITAL STRUCTURE
After 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
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|
1508620 |
Equity Shares |
Rs.10/- each |
Rs. 15.086
Millions |
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As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs. 20.000 Millions |
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Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1397484 |
Equity Shares |
Rs.10/- each |
Rs. 13.975
Millions |
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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 |
13.975 |
13.974 |
13.974 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
112.985 |
91.574 |
75.516 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
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NETWORTH |
126.960 |
105.548 |
89.490 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
81.983 |
32.674 |
23.011 |
|
|
2] Unsecured Loans |
97.682 |
6.418 |
3.423 |
|
|
TOTAL BORROWING |
179.665 |
39.092 |
26.434 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
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|
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|
|
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TOTAL |
306.625 |
144.640 |
115.924 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
9.238 |
9.986 |
12.293 |
|
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Capital work-in-progress |
0.448 |
0.181 |
0.000 |
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INVESTMENT |
0.050 |
0.050 |
0.050 |
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DEFERRED TAX ASSETS |
1.078 |
1.022 |
0.791 |
|
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|
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CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
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Inventories |
54.639
|
71.577 |
3.577
|
|
|
Sundry Debtors |
453.421
|
256.141 |
147.621
|
|
|
Cash & Bank Balances |
33.292
|
38.762 |
4.684
|
|
|
Other Current Assets |
10.678
|
31.000 |
0.000
|
|
|
Loans & Advances |
24.674
|
6.939 |
18.837
|
|
Total
Current Assets |
576.704
|
404.419 |
174.719 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
268.321
|
261.808 |
65.823 |
|
|
Other Current Liabilities |
10.584
|
7.594 |
5.374
|
|
|
Provisions |
1.988
|
1.616 |
0.921
|
|
Total
Current Liabilities |
280.893
|
271.018 |
72.118 |
|
|
Net Current Assets |
295.811
|
133.401 |
102.601 |
|
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|
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|
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|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
306.625 |
144.640 |
115.924 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
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SALES |
|
|
|
|
|
|
|
Income |
1850.628 |
1429.878 |
735.783 |
|
|
|
Other Income |
0.000 |
8.499 |
15.309 |
|
|
|
TOTAL (A) |
1850.628 |
1438.377 |
751.092 |
|
|
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Less |
EXPENSES |
|
|
|
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|
|
Office Expenses |
1764.177 |
|
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|
|
|
Administrative Expenses |
|
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|
Advertising Expenses |
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TOTAL (B) |
1764.177 |
1390.607 |
733.174 |
|
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PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
86.451 |
47.770 |
17.918 |
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INTEREST (D) |
51.248 |
19.669 |
4.541 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
35.204 |
28.101 |
13.377 |
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DEPRECIATION/
AMORTISATION (F) |
2.791 |
3.674 |
5.356 |
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PROFIT BEFORE
TAX (E-F) (G) |
32.413 |
24.427 |
8.021 |
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|
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TAX (H) |
11.006 |
8.766 |
2.973 |
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PROFIT AFTER TAX
(G-H) (I) |
21.406 |
16.123 |
5.471 |
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PREVIOUS YEARS’ BALANCE
BROUGHT FORWARD |
55.447 |
39.387 |
NA |
|
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|
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|
|
|
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|
BALANCE CARRIED
TO THE B/S |
76.853 |
55.510 |
NA |
|
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|
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|
Earnings Per
Share (Rs.) |
15.32 |
11.54 |
3.92 |
|
|
Particulars |
|
|
31.03.2013 |
|
Sales Turnover (Approximately) |
|
|
2400.000 |
.
The above information has been parted by Mr. Shailesh Agarwal
(Director).
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
1.16
|
1.12 |
0.73 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
1.75
|
1.71 |
1.09 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.62
|
6.04 |
4.59 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.23 |
0.09 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt /Networth) |
|
1.42
|
0.37 |
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
2.05
|
1.49 |
2.42 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
(Rs. In Millions) |
||
|
Sundry Creditors |
268.321
|
261.808 |
65.823 |
|
|
|
|
|
|
Total |
268.321
|
261.808 |
65.823 |
|
Sr. No. |
Check List by Info Agents |
Available in
Report (Yes / No) |
|
1] |
Year of Establishment |
Yes |
|
2] |
Locality of the firm |
Yes |
|
3] |
Constitutions of the firm |
Yes |
|
4] |
Premises details |
No |
|
5] |
Type of Business |
Yes |
|
6] |
Line of Business |
Yes |
|
7] |
Promoter's background |
Yes |
|
8] |
No. of employees |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact
person |
Yes |
|
11] |
Turnover of firm for last
four 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 |
Yes |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
Yes |
UNSECURED LOAN
|
Unsecured Loan |
31.03.2012 (Rs.
in Millions) |
31.03.2011 (Rs.
in Millions) |
|
Loans and advances from others |
97.682 |
6.418 |
|
Total |
97.682 |
6.418 |
BANKERS CHARGES REPORT
AS PER REGISTRY
|
Corporate
identity number of the company |
U10200GJ2006PTC048648 |
|
Name of the
company |
S. N. TRADELINK
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
3010, Momai Complex, Outside Sahara Darwaja, E-Mail: roc@gsv.co.in |
|
This form is for |
Modification of charge |
|
Charge identification
(ID) number of the charge to be modified |
10158223 |
|
Type of charge |
·
Book debts ·
Movable
property (not being pledge) ·
Floating charge |
|
Particular of
charge holder |
(CIN: U10200GJ2006PTC048648) Bank of Baroda, Near Kinnari Cinema, Ring Road, Surat – 395002,
Gujarat, India Email: surman@bankofbaroda.com
|
|
Nature of
instrument creating charge |
Supplemental
composite agreement of hypothication
of goods, book-debts, moveable machinery and vehicles Dated 02.11.2012 |
|
Date of
instrument Creating the charge |
02.11.2012 |
|
Amount secured by
the charge |
Rs.485.000
Millions |
|
Brief of the principal
terms an conditions and extent and operation of the charge |
Rate of Interest Cash Credit:
3.50% over Basic Rate i.e. 14% P.A. Terms of
Repayment 12 months subject
to repayment on demand/ annual review Margin Cash Credit : 25%
on the Stocks, 30% on the Book-Debts Extent and
Operation of the charge Charge will be
continuing on the securities provided on loan amount. Others 2ONE |
|
Short particulars
of the property or asset(s) charged (including complete address and location of
the property) |
CC- Hypothecation
of entire chargeable current assets(present and future) of the company
including stocks of raw materials, stock in process, finished goods,
receivables, store, spares, consumable, etc. |
|
Date of
instrument modifying the charge |
17.08.2011 |
|
Particulars of
the present modification |
Before: Cash Credit
: 85.000 Millions Letter of
Credit : 200.000 Millions TOTAL: 285.000
Millions After Cash Credit :
105.000 Millions Letter of
Credit : 230.000 Millions Bank Guarntee :
150.000 Millions Total : 485.000
Millions |
FIXED ASSETS
v
Buildings
v
Plant and equipment
v
Furniture and fixtures
v
Vehicles
v
Office 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 records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited pyments 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.56.64 |
|
|
1 |
Rs.86.69 |
|
Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
|
Information
Gathered by : |
PDT |
|
|
|
|
Report Prepared
by : |
KVT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--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 |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
34 |
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.