MIRA INFORM REPORT
|
Report Date : |
29.06.2013 |
IDENTIFICATION DETAILS
|
Name : |
SPHOORTI MACHINE TOOLS PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No. 467, 468, 469, Site No. 18, 12th Cross, IV Phase,
Peenya Industrial Area Bangalore - 560058, Karnataka |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
19.02.1996 |
|
|
|
|
Com. Reg. No.: |
08-019863 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 11.656 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29221KA1996PTC019863 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturers of Tool Discs and Tool Holders for CNC Turning Centers
and Turn Mill Centers. |
|
|
|
|
No. of Employees
: |
Not Available |
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 117800 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having satisfactory track record. There appears a slight increase in the sales turn over and a drastic
dip in the net profitability during 2012. However, trade relations are fair. Business is active payments terms
are reported to be usually correct. The company can be considered normal 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.
LOCATIONS
|
Registered Office : |
Plot No. 467, 468, 469, Site No. 18, 12th Cross, IV Phase,
Peenya Industrial Area Bangalore - 560058, Karnataka, India |
|
Tel. No.: |
91-80-41272768 |
|
Fax No.: |
91-80-41171589 |
|
E-Mail : |
|
|
Website : |
DIRECTORS
As on: 24.09.2012
|
Name : |
Mr. Purohit Ramchandra Krishna |
|
Designation : |
Managing Director |
|
Address : |
# 147, 4th Cross, BDA Layout, Thanisandra Post, Bangalore –
560045, Karnataka, India |
|
Date of Birth/Age : |
20.05.1961 |
|
Date of Appointment : |
19.02.1996 |
|
DIN No. : |
01315019 |
|
|
|
|
Name : |
Mr. Sekar Palawisamy |
|
Designation : |
Managing Director |
|
Address : |
A – 010 Premier Grihalakshmi Apartment, S.M. Road, Jalahalli West, Bangalore
– 560015, India |
|
Date of Birth/Age : |
12.05.1996 |
|
Date of Appointment : |
19.02.1996 |
|
DIN No. : |
01315020 |
|
|
|
|
Name : |
Mr. Vidyadhar Hegde |
|
Designation : |
Director |
|
Address : |
# 308, 1st Main, 12th cross, Sowndarya Layout, Sidedhahalli,
Banglore – 560057, Karnataka, India |
|
Date of Birth/Age : |
26.05.1966 |
|
Date of Appointment : |
19.02.1996 |
|
DIN No. : |
01391547 |
|
|
|
|
Name : |
Mr. Sathe Padma Ashok |
|
Designation : |
Director |
|
Address : |
252, 15th D Cross, 2nd Phase, 2nd
Stage, Mahalaxmipuram, Bangalore – 560086, Karnataka, India |
|
Date of Birth/Age : |
08.10.1932 |
|
Date of Appointment : |
19.02.1996 |
|
DIN No. : |
01489560 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on: 24.09.2012
|
Names of Shareholders |
No. of Shares |
|
Padma Sathe |
240200 |
|
Vidyadhar Hegde |
228000 |
|
Sulabh Kulkarni |
240200 |
|
P. Sekar |
187192 |
|
R.K. Purohit |
88192 |
|
Suresh Babu B.P |
54000 |
|
Atul S Bhirangi |
35500 |
|
Suresh .V |
24850 |
|
Babu V |
33769 |
|
Ramakrishnan .R |
33769 |
|
|
|
|
Total |
1165672 |
As on: 24.09.2012
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 : |
Manufacturers of Tool Discs and Tool Holders for CNC Turning Centers
and Turn Mill Centers. |
PRODUCTION STATUS
|
Particulars |
Unit |
Capacity |
Actual Production |
|
Soltted Tool Disc |
In Nos |
7200 |
5879 |
|
VDI Tool Disc |
In Nos |
600 |
550 |
|
ATH and BTH |
In Nos |
20400 |
17797 |
|
VDI Tool Holders |
In Nos |
16800 |
12640 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
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Bankers : |
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|||||||||||||||||||||||||||||||||||||||||||||
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Facilities : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Balu and Anand Chartered Accountant |
|
Address : |
46/2, 1ST Floor, 4th Cross, Malleswaram Banglore
– 560003, Karnataka, India |
|
PAN No. : |
AAAFB9836H |
|
|
|
|
Related Parties : |
|
CAPITAL STRUCTURE
As on: 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
Rs.10/- each |
Rs.20.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1165672 |
Equity Shares |
Rs.10/- each |
Rs. 11.656 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 |
|
11.656 |
11.656 |
|
(b) Reserves & Surplus |
|
17.817 |
14.789 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending allotment |
|
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
|
29.473 |
26.445 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
25.530 |
21.290 |
|
(b) Deferred tax liabilities (Net) |
|
0.864 |
0.000 |
|
(c) Other long term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
26.394 |
21.290 |
|
|
|
|
|
|
(4) Current Liabilities |
|
|
|
|
(a) Short term
borrowings |
|
36.960 |
17.203 |
|
(b) Trade payables |
|
16.663 |
21.537 |
|
(c) Other current
liabilities |
|
6.847 |
8.566 |
|
(d) Short-term
provisions |
|
3.626 |
2.254 |
|
Total Current
Liabilities (4) |
|
64.096 |
49.560 |
|
|
|
|
|
|
TOTAL |
|
119.963 |
97.295 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current assets |
|
|
|
|
(a) Fixed Assets |
|
|
|
|
(i) Tangible assets |
|
60.449 |
37.435 |
|
(ii) Intangible Assets |
|
0.491 |
0.530 |
|
(iii) Capital
work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Machinery in transit |
|
0.000 |
4.271 |
|
(v)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
0.000 |
0.000 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.034 |
|
(d) Long-term Loan and Advances |
|
0.268 |
0.268 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current
Assets |
|
61.208 |
42.538 |
|
|
|
|
|
|
(2) Current assets |
|
|
|
|
(a) Current investments |
|
0.000 |
0.000 |
|
(b) Inventories |
|
24.548 |
20.008 |
|
(c) Trade receivables |
|
29.295 |
31.965 |
|
(d) Cash and cash
equivalents |
|
3.062 |
0.747 |
|
(e) Short-term loans and
advances |
|
0.000 |
0.000 |
|
(f) Other current
assets |
|
1.850 |
2.037 |
|
Total Current Assets |
|
58.755 |
54.757 |
|
|
|
|
|
|
TOTAL |
|
119.963 |
97.295 |
|
SOURCES OF FUNDS |
|
|
31.03.2010 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
|
11.657
|
|
|
2] Share Application Money |
|
|
0.000 |
|
|
3] Reserves & Surplus |
|
|
6.257 |
|
|
4] (Accumulated Losses) |
|
|
0.000 |
|
|
NETWORTH |
|
|
17.914 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
20.332 |
|
|
2] Unsecured Loans |
|
|
4.850 |
|
|
TOTAL BORROWING |
|
|
25.182 |
|
|
DEFERRED TAX LIABILITIES |
|
|
2.088 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
45.184 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
|
41.910 |
|
|
Capital work-in-progress |
|
|
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
|
0.000 |
|
|
DEFERREX TAX ASSETS |
|
|
0.740 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
22.134 |
|
|
Sundry Debtors |
|
|
15.373 |
|
|
Cash & Bank Balances |
|
|
0.712 |
|
|
Other Current Assets |
|
|
0.000 |
|
|
Loans & Advances |
|
|
1.256 |
|
Total
Current Assets |
|
|
39.475 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
|
12.066 |
|
|
Other Current Liabilities |
|
|
23.874 |
|
|
Provisions |
|
|
1.001 |
|
Total
Current Liabilities |
|
|
36.941 |
|
|
Net Current Assets |
|
|
2.534 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
|
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
|
45.184 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
TOTAL |
122.335 |
101.666 |
44.817 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Office Expenses |
|
|
|
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
114.687 |
90.736 |
46.204 |
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
7.648 |
10.930 |
(1.387) |
|
|
|
|
|
|
|
|
|
Less |
TAX |
2.871 |
1.238 |
0.190 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
|
4.777 |
9.692 |
(1.197) |
|
|
|
|
|
|
|
|
|
|
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
9.317 |
1.760 |
2.957 |
|
|
|
|
|
|
|
|
|
|
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
0.477 |
0.969 |
0.000 |
|
|
|
Dividend |
1.748 |
1.166 |
0.000 |
|
|
BALANCE CARRIED
TO THE B/S |
11.869 |
9.317 |
1.760 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
13.859 |
NA |
NA |
|
|
TOTAL EARNINGS |
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.10 |
8.31 |
(1.03) |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
3.90
|
9.53 |
(2.67) |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
6.40
|
11.82 |
(1.70) |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.26
|
0.41 |
(0.08) |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.11
|
1.45 |
1.40 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.92
|
1.10 |
0.93 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check
List by Info Agents |
Available in Report (Yes / No) |
|
1] |
Year
of Establishment |
Yes |
|
2] |
Locality
of the firm |
Yes |
|
3] |
Constitutions
of the firm |
Yes |
|
4] |
Premises
details |
No |
|
5] |
Type
of Business |
Yes |
|
6] |
Line
of Business |
Yes |
|
7] |
Promoter's
background |
Yes |
|
8] |
No.
of employees |
No |
|
9] |
Name
of person contacted |
No |
|
10] |
Designation
of contact person |
No |
|
11] |
Turnover
of firm for last 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 |
No |
|
18] |
Major
customers |
No |
|
19] |
Payments
terms |
No |
|
20] |
Export
/ Import details (if applicable) |
No |
|
21] |
Market
information |
---------------------- |
|
22] |
Litigations
that the firm / promoter involved in |
---------------------- |
|
23] |
Banking
Details |
Yes |
|
24] |
Banking
facility details |
Yes |
|
25] |
Conduct
of the banking account |
---------------------- |
|
26] |
Buyer
visit details |
---------------------- |
|
27] |
Financials,
if provided |
Yes |
|
28] |
Incorporation
details, if applicable |
Yes |
|
29] |
Last
accounts filed at ROC |
Yes |
|
30] |
Major
Shareholders, if available |
Yes |
|
31] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
32] |
PAN
of Proprietor/Partner/Director, if available |
No |
|
33] |
Voter
ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External
Agency Rating, if available |
No |
UNSECURED LOAN:
|
|
31.03.2012 [Rs.
in Millions] |
31.03.2011 [Rs.
in Millions] |
|
Long Term
Borrowing |
|
|
|
Term loan from
banks |
|
|
|
Loans and advances from related parties |
|
|
|
A.V Sathe |
3.815 |
4.400 |
|
Padma Sathe |
0.000 |
0.200 |
|
Short Term
Borrowing |
|
|
|
Loans repayable
on demand from bank |
|
|
|
Syndicate Bank (425) |
0.000 |
16.179 |
|
Syndicate Bank loan – (Buyers credit) |
9.750 |
0.000 |
|
Axis Bank |
25.910 |
0.000 |
|
|
|
|
|
Total |
39.475 |
20.779 |
BANKER CHARGES
REPORT AS PER REGISTRY:
|
Corporate
identity number of the company |
U29221KA1996PTC019863 |
|
Name of the
company |
SPHOORTI MACHINE
TOOLS PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
Plot No. 467, 468, 469, Site No. 18, 12th Cross, IV Phase,
Peenya Industrial Area Bangalore - 560058, Karnataka, India E-Mail swamy@sphoorti.com |
|
This form is for |
Creation of charge |
|
Type of charge |
Book debts Movable property (not being pledge) Floating charge |
|
Particular of
charge holder |
Axis Bank Limited, Corporate Banking Branch, Express Building, 2nd
Floor, No. 1, Queens Road, Bangalore – 560001, Karnataka, India E-Mail dileep.mathew@axisbank.com
|
|
Nature of
instrument creating charge |
Composite
Hypothecation Deed |
|
Date of
instrument Creating the charge |
31.01.2012 |
|
Amount secured by
the charge |
Rs. 50.000 Millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of
interest: *cash Credit – Base Rate + 3.25%, presently @ 13.25% p.a. *Rupee Packing Credit – Base Rate + 1.50%, presently at 11.50% (upto 180
days) *Term Loans – Base Rate + 3.50% presently @ 13.50% p.a. Term of Payment: Cash Credit -
Running account repayable on demand * Rupee Packing
Credit - RPC Will be allowed upto 180 Days or expiry of contract/ export
letter of credit for shipment whichever is earlier. Outstanding in RPC
account to be liquidated only out of export proceeds. * Buyer's Credit
- Tenor 60 months for the date of liquidation of buyer's credit *Term Loan I -
36 monthly installments ; Term Loan 2 - 60 monthly installments *Bank Guarantee - Period maximum 36 months inclusive of claim period Margin: Cash Credit - 25% *Rupee Packing
Credit - Drawings will be permitted only against confirmed export orders1
letters of credit lodged with the Bank. Actual drawings will be permitted upto
90% of the FOB value of confirmed export orders/letter of credit. *Bank Guarantee
- Cash margin 10% ; 100% in case of disputed liabilities *Loan Equivalent
Risk (LER) on Forward Contracts - Cash margin 10% *Buyer's Credit
- 25% *Term Loan - 25% Extent and
operation of the charge: The charge shall operate to the extent of the
loan amount plus interest commission costs expenses and other charges thereon Others:
The
said total loan amount of Rs.50.000 millions comprises * Cash Credit - Rs.24.000 millions Rupee Packing Credit/Rupees Post shipment finance/FBD/FBP Rs .5.000
millions (Sublimit of Cash Credit Limit) * Bank Guarantee - Rs.0.500 millions (Sublimit of Cash Credit Limit) * LER - Rs.2.000 millions (Sublimit of Cash Credit Limit) * Term Loan I - Rs.14.500 millions Buyer's Credit - Rs.11.500 millions Term Loan 2 -
Rs.11.500 millions (sublimit of Buyer's Credit) |
|
Short particulars
of the property charged (Including location of the property) |
First charge by way
of hypothecation of stocks of raw materials, semi finished goods, finished
goods, stores, spares, Book debts and
other current assets present and future and entire movable fixed assets
(purchased out of Bank finance)present and future including all plant, machineries,
fixtures, fittings, other installations, furniture, computer and other assets
stored/installed at company premises at No.18, Plot No.467-469, 12th cross, IV Phase, Peenya Industrial
Area, . Bangalore - 560958 or at any other place |
FIXED ASSETS:
- Building
- Furniture and
Fixture
- Land
- Vehicles
- 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 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.59.70 |
|
|
1 |
Rs.91.14 |
|
Euro |
1 |
Rs.77.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
ANK |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
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 |
5 |
|
--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.