|
Report Date : |
20.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHAKTI INTERNATIONAL PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
303-B, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
21.10.2004 |
|
|
|
|
Com. Reg. No.: |
11-149195 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.055 Millions
|
|
|
|
|
CIN No.: [Company Identification
No.] |
U51220MH2004PTC149195 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
MUMS47856E |
|
|
|
|
PAN No.: [Permanent Account No.] |
AAICS4914J |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trader of Importer of Edible Oils. |
|
|
|
|
No. of Employees
: |
15 (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 870000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a satisfactory track record. Trade relations are decent. Business is active. Payment terms are
usually correct and as per commitments. 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.
EXTERNAL AGENCY RATING
|
Rating Agency Name |
CRISIL |
|
Rating |
Long Term Rating: BBB- |
|
Rating Explanation |
Moderate degree of safety and moderate
credit risk. |
|
Date |
10.07.2012 |
|
Rating Agency Name |
CRISIL |
|
Rating |
Short Term Rating: A3 |
|
Rating Explanation |
Moderate degree of safety and higher credit
risk. |
|
Date |
10.07.2012 |
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 (General Information)
|
Name : |
Mr. Sainath Jagtap |
|
Designation : |
Deputy Assistant Manager |
|
Contact No.: |
91-22-61793333 |
|
Date : |
19.06.2013 |
LOCATIONS
|
Registered Office : |
303-B, Alpha Main Street, Hiranandani Gardens, Powai, Mumbai – 400076,
Maharashtra, India |
|
Tel. No.: |
91-22-25707000/ 40053333 |
|
Fax No.: |
91-22-56943768/ 40050033 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
(AS ON 29.09.2012)
|
Name : |
Mr. Srinivaas Venkoba Sirigeri |
|
Designation : |
Managing director |
|
Address : |
C-1601, Lake Castle Co-operative Housing Society Limited, Cliff Avenue
Road, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
16.05.1961 |
|
Date of Appointment : |
21.10.2004 |
|
DIN No.: |
00107126 |
|
|
|
|
Name : |
Mr. Siddharth Srinivaas Sirigeri |
|
Designation : |
Director |
|
Address : |
C-1601, Lake Castle Co-operative Housing Society Limited, Cliff Avenue
Road, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1985 |
|
Date of Appointment : |
21.10.2004 |
|
DIN No.: |
00107391 |
|
PAN No.: |
AYCPS0368P |
|
|
|
|
Name : |
Mr. Shreyas Srinivaas Sirigeri |
|
Designation : |
Additional Director |
|
Address : |
C-1601, Lake Castle Co-operative Housing Society Limited, Cliff Avenue
Road, Hiranandani Gardens, Powai, Mumbai – 400076, Maharashtra, India |
|
Date of Birth/Age : |
07.05.1985 |
|
Date of Appointment : |
23.07.2012 |
|
DIN No.: |
03313676 |
KEY EXECUTIVES
|
Name : |
Mr. Sainath Jagtap |
|
Designation : |
Deputy Assistance Manager |
|
|
|
|
Name : |
Mr. Anil Anand Bijitkar |
|
Designation : |
Chief Finance Officer |
|
|
|
|
Name : |
Mr. Bhuvanue Chatrath |
|
Designation : |
Manager – Trade and Operations |
|
|
|
|
Name : |
Mr. Dinesh Prabhu M |
|
Designation : |
Manager – Accounts |
|
|
|
|
Name : |
Mr. Suryakant Laxmanrao Ambarkar |
|
Designation : |
Manager – Administration and legal |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 29.09.2012)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Srinivaas Sirigeri |
|
1240000 |
|
Siddharth Sirigeri |
|
21000 |
|
Padmaja S. Sirigeri |
|
300000 |
|
Jayshree H. Gor |
|
50000 |
|
Jayshree D. Makani |
|
50000 |
|
Vijay P. Motta |
|
50000 |
|
Vipul N. Kotak |
|
50000 |
|
Shantaram B. Khilari |
|
50000 |
|
Rupa H. Tanna |
|
50000 |
|
Genus Comu Trade Limited, India |
|
50000 |
|
RFL International Limited, India |
|
50000 |
|
Ken Securities Limited, India |
|
50000 |
|
|
|
|
|
Total |
|
2011000 |
(AS ON 30.09.2012)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies
corporate |
|
7.47 |
|
Directors
or relatives of directors |
|
77.59 |
|
Other
top fifty shareholders |
|
14.94 |
|
|
|
|
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trader of Importer of Edible Oils. |
|
|
|
|
Imports : |
|
|
Products : |
Edible Oils |
|
Countries : |
· Indonesia · Malaysia |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users |
|
|
|
|
No. of Employees : |
15 (Approximately) |
|
|
|
|
Bankers : |
· ICICI Bank Limited Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India · Oriental Bank of Commerce Prabhadevi Branch, Aman Chambers, 1st Floor, Veer Savarkar Marg, Prabhadevi, Mumbai – 400021, Maharashtra, India |
|
|
|
|
Facilities : |
Cash Credit – Rs.540.000 Millions |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
D. C. Bothra and Company Chartered Accountants |
|
Address : |
297, Tardeo Road, Willie Mansion, Nana Chowk, Mumbai – 400007, Maharashtra, India |
|
Tel. No.: |
91-22-23876643/ 64551656 |
|
Fax No.: |
91-22-23876943 |
|
E-Mail : |
|
|
PAN
No : |
AACFD4645G |
|
|
|
|
Associates/Subsidiaries |
· Shakti Enterprises |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3000000 |
Equity Shares |
Rs.10/- each |
Rs.30.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2011000 |
Equity Shares |
Rs.10/- each |
Rs.20.110
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 |
|
20.110 |
10.055 |
|
(b) Reserves & Surplus |
|
197.835 |
145.641 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
217.945 |
155.696 |
|
(2)
Share Application money pending allotment |
|
0.000 |
0.000 |
|
|
|
|
|
|
(3) Non-current liabilities |
|
|
|
|
(a) long-term borrowings |
|
140.684 |
103.770 |
|
(b) Deferred tax liabilities (Net) |
|
0.159 |
0.036 |
|
(c) Other long term liabilities |
|
0.000 |
0.000 |
|
(d) long-term provisions |
|
0.036 |
0.037 |
|
|
|
|
|
|
(4) Current liabilities |
|
|
|
|
(a) Short term borrowings |
|
0.000 |
0.000 |
|
(b) Trade payables |
|
1258.498 |
623.551 |
|
(c) Other current
liabilities |
|
4.064 |
5.884 |
|
(d) Short-term provisions |
|
0.000 |
7.837 |
|
TOTAL |
|
1621.386 |
896.811 |
|
|
|
|
|
|
II. ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
3.865 |
5.073 |
|
(ii) Intangible Assets |
|
0.232 |
0.197 |
|
(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) |
|
0.000 |
0.000 |
|
(d) Long-term Loan and Advances |
|
0.458 |
0.255 |
|
(e) Other Non-current assets |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
57.280 |
45.000 |
|
(b) Inventories |
|
0.000 |
94.236 |
|
(c) Trade receivables |
|
717.686 |
376.299 |
|
(d) Cash and cash
equivalents |
|
782.963 |
318.626 |
|
(e) Short-term loans and
advances |
|
55.839 |
55.544 |
|
(f) Other current assets |
|
3.063 |
1.581 |
|
TOTAL |
|
1621.386 |
896.811 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
10.055 |
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
104.782 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
114.837 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
0.000 |
|
|
2] Unsecured Loans |
|
|
57.895 |
|
|
TOTAL BORROWING |
|
|
57.895 |
|
|
DEFERRED TAX LIABILITIES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
172.732 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
0.446 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
59.930 |
|
|
DEFERREX TAX ASSETS |
|
|
0.095 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
182.035
|
|
|
Sundry Debtors |
|
|
62.109
|
|
|
Cash & Bank Balances |
|
|
243.452
|
|
|
Other Current Assets |
|
|
0.000
|
|
|
Loans & Advances |
|
|
62.996
|
|
Total
Current Assets |
|
|
550.592 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
|
|
418.435
|
|
|
Other Current Liabilities |
|
|
17.283
|
|
|
Provisions |
|
|
2.662
|
|
Total
Current Liabilities |
|
|
438.380
|
|
|
Net Current Assets |
|
|
112.212
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.049 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
172.732 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
NA |
NA |
490.319 |
|
|
|
Other Income |
NA |
NA |
31.652 |
|
|
|
TOTAL (A) |
NA |
NA |
521.971 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of sales and services |
NA |
NA |
483.885 |
|
|
|
Operating and Administrative Expenses |
NA |
NA |
6.321 |
|
|
|
Preliminary expenses |
NA |
NA |
0.012 |
|
|
|
Donation |
NA |
NA |
0.866 |
|
|
|
Prior Period Adjustment |
NA |
NA |
0.046 |
|
|
|
TOTAL (B) |
NA |
NA |
491.130 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
NA |
30.841 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
NA |
2.875 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
NA |
27.966 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
NA |
0.168 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
84.791 |
65.652 |
27.798 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
22.543 |
24.793 |
10.291 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
62.248 |
40.859 |
17.507 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
23.630 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
41.137 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
CIF Value of Imports |
NA |
NA |
606.960 |
|
|
TOTAL IMPORTS |
NA |
NA |
606.960 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
30.95 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
NA
|
NA
|
3.35
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA
|
NA
|
5.67
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.23
|
7.32 |
5.04
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.39
|
0.42 |
0.24
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.65
|
0.67 |
0.50
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.28
|
1.40 |
1.26
|
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 |
Yes |
|
9] |
Name of person contacted |
Yes |
|
10] |
Designation of contact person |
Yes |
|
11] |
Turnover of firm for last one 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 |
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 |
Yes |
|
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) |
|
|
LONG TERM
BORROWINGS |
|
|
|
Deposits from others |
120.650 |
96.531 |
|
Loans and advances from directors |
20.034 |
7.239 |
|
|
|
|
|
Total |
140.684 |
103.770 |
PERFORMANCE OVERVIEW
The directors are making the efforts to
improve the working of the company in the current period.
FORM 8
|
Corporate
identity number of the company |
U51220MH2004PTC149195 |
|
Name of the
company |
SHAKTI
INTERNATIONAL PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
303-B, Alpha Main Street, Hiranandani Gardens, Powai, Mumbai – 400076,
Maharashtra, India Email: anil@shaktigroup.net |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book debts Others [entire current assets of the company] |
|
Particular of
charge holder |
ICICI Bank Limited, Landmarkrace Cource Circle, Alkapuri, Baroda – 390015, Gujarat, India Email: jitendra.agarwal@icicibank.com
CIN No.: L65190GJ1994PLC021012 |
|
Nature of
description of the instrument creating or modifying the charge |
Deed of
Hypothecation dated 17th February 2012 executed to create First Pari passu
charge on Entire stocks of raw materials, goods in process, semi finished and
finished goods, consumable stores and spares and such other movables,
including book debts, bills, whether documentary or clean, both present and
future, both present and future in a form and manner satisfactory to the
Bank, ranking pari passu with other existing bankers. |
|
Date of
instrument Creating the charge |
17.02.2012 |
|
Amount secured by
the charge |
Rs.20.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest As per sanction
terms Terms of Repayment payable on demand Margin as per sanction
terms Extent and Operation of the charge First Pari Passu
charge with other participating bankers, on Entire stocks of raw materials,
goods in process, semi finished and finished goods, consumable stores and
spares and such other movables, including book debts, bills, whether
documentary or clean, both present and future, both present and future. |
|
Short particulars
of the property charged |
Entire stock of
raw material, finished goods, stock in transit, book debts and current assets
of the company situated anywhere. |
FIXED ASSETS:
· Furniture and Fixtures
· Vehicles
· Motor Vehicles
·
Office Equipment
·
Computer Equipments
·
Other Equipments
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.58.74 |
|
|
1 |
Rs.91.99 |
|
Euro |
1 |
Rs.78.70 |
INFORMATION DETAILS
|
Information
Gathered by : |
SVA |
|
|
|
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
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 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
6 |
|
--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 |
|
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 |
|
-- |
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.