MIRA
INFORM REPORT
|
Report Date : |
01.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SINGH BROTHERS EXIM PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
41, B. B. Ganguly Street, 4th Floor, Kolkata – 700012,
West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
20.08.2002 |
|
|
|
|
Com. Reg. No.: |
21-095027 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.38.194 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51431WB2002PTC095027 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Company is engaged in the business of manufacturing Plywood, Block Board, Veeners and Allied products and also engaged in Import and Trading of Timber Logs and Sawn Timber. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (36) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1700000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record. The latest
financials are not made available with the government department. As per previous year’s, the performance capability seems to be good.
Trade relations are reported to be fair. Business is active. Payments are
reported to be unknown. The company can be considered for business dealings with slight
caution. |
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 – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INDIAN ECONOMIC OVERVIEW
India is developing into an open-market economy, yet traces
of its past autarkic policies remain. Economic liberalization, including industrial
deregulation, privatization of state-owned enterprises, and reduced controls on
foreign trade and investment, began in the early 1990s and has served to
accelerate the country's growth, which has averaged more than 7% per year since
1997. India's diverse economy encompasses traditional village farming, modern
agriculture, handicrafts, a wide range of modern industries, and a multitude of
services. Slightly more than half of the work force is in agriculture, but
services are the major source of economic growth, accounting for more than half
of India's output, with only one-third of its labor force. India has
capitalized on its large educated English-speaking population to become a major
exporter of information technology services and software workers. In 2010, the
Indian economy rebounded robustly from the global financial crisis - in large
part because of strong domestic demand - and growth exceeded 8% year-on-year in
real terms. However, India's economic growth in 2011 slowed because of persistently
high inflation and interest rates and little progress on economic reforms. High
international crude prices have exacerbated the government's fuel subsidy
expenditures contributing to a higher fiscal deficit, and a worsening current
account deficit. Little economic reform took place in 2011 largely due to
corruption scandals that have slowed legislative work. India's medium-term
growth outlook is positive due to a young population and corresponding low
dependency ratio, healthy savings and investment rates, and increasing
integration into the global economy. India has many long-term challenges that
it has not yet fully addressed, including widespread poverty, inadequate
physical and social infrastructure, limited non-agricultural employment
opportunities, scarce access to quality basic and higher education, and
accommodating rural-to-urban migration.
|
Source
: CIA |
EXTERNAL AGENCY RATING
|
Rating Agency Name |
ICRA |
|
Rating |
FUND BASED LIMIT : ICRA BBB- |
|
Rating Explanation |
Having moderate degree of safety regarding timely servicing of
financial obligation it carry moderate credit risk. |
|
Date |
May, 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.
LOCATIONS
|
Registered Office : |
41, B. B. Ganguly Street, 4th Floor, Kolkata – 700012,
West Bengal, India |
|
Tel. No.: |
91-33-22117419 |
|
Fax No.: |
91-33-22117418 |
|
E-Mail : |
|
|
Website : |
|
|
|
|
|
Corporate Office : |
5, Nimtala Ghat Street, Kolkata - 700006, West
Bengal, India |
|
Tel. No.: |
91-33-22735181 |
|
Fax No.: |
91-33-22735182 and 22718920 |
|
|
|
|
Factory : |
Located at Baidyabati, West Bengal, India |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Jai Prakash Singh |
|
Designation : |
Director |
|
Address : |
17/1A, Nimtalla Ghat Street, Kolkata – 700006, West Bengal, India |
|
Date of Birth/Age : |
06.01.1948 |
|
Date of Appointment : |
20.08.2002 |
|
DIN No.: |
00655886 |
Other Directorship:
|
Name : |
Ms. Shakuntala Singh |
|
Designation : |
Director |
|
Address : |
17/1A, Nimtalla Ghat Street, Kolkata – 700006, West Bengal, India |
|
Date of Birth/Age : |
26.01.1954 |
|
Date of Appointment : |
20.08.2002 |
|
DIN No.: |
00656073 |
Other Directorship:
|
S.No. |
CIN/LLPIN |
Name
of the Company/ LLP |
Current
designation of the Director/ Designated Partner |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company/
LLP Status |
Defaulting
status |
|
1 |
U51909WB2001PTC094028 |
SINGH
SUPPLIERS PRIVATE LIMITED |
Director |
19/12/2001 |
19/12/2001 |
- |
Active |
NO |
|
2 |
U51431WB2002PTC095027 |
SINGH
BROTHERS EXIM PRIVATE LIMITED |
Director |
20/08/2002 |
20/08/2002 |
- |
Active |
NO |
|
3 |
U52100WB2010PTC148515 |
ANSH
DEALERS PRIVATE LIMITED |
Director |
01/06/2010 |
01/06/2010 |
20/05/2011 |
Active |
NO |
|
4 |
U51909WB2010PTC152471 |
SYLVAN
VINCOM PRIVATE LIMITED |
Director |
20/08/2010 |
20/08/2010 |
- |
Active |
NO |
|
5 |
U51109WB2007PTC119992 |
LAPTOP
VYAPAAR PRIVATE LIMITED |
Director |
02/12/2010 |
02/12/2010 |
- |
Active |
NO |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Anand Kumar Singh |
|
45000 |
|
Archana Singh |
|
10000 |
|
Gayatri Singh |
|
8000 |
|
Kalyani Singh |
|
55000 |
|
Jai Prakash Singh |
|
748400 |
|
Shakuntala Singh |
|
260000 |
|
Singh Suppliers Private Limited, India |
|
1433500 |
|
Laptop Vyapaar Private Limited, India |
|
1098300 |
|
Alankar Deal Trade Private Limited, India |
|
32400 |
|
Cosmat Commotrade Private Limited, India |
|
13200 |
|
Dreamland Vintrade Private Limited, India |
|
3550 |
|
Express Dealers Private Limited, India |
|
47200 |
|
Flora Tie-Up Private Limited , India |
|
4950 |
|
Fort Vinimay Private Limited, India |
|
64900 |
|
Jainex Securities Private Limited, India |
|
5000 |
|
Reward Dealcom Private Limited, India |
|
5000 |
|
Bhumi Distributors Private Limited, India |
|
4000 |
|
Comfort Dealmark Private Limited, India |
|
52300 |
|
Coral Suppliers Private Limited , India |
|
3400 |
|
Kotriwal Commercial Private Limited, India |
|
8000 |
|
Manohar Tie-Up Private Limited, India |
|
11600 |
|
Radiant Euity Management Private Limited, India |
|
7000 |
|
Roshni Dealmark Private Limited, India |
|
25800 |
|
Truthful Dealmark Private Limited, India |
|
28400 |
|
Vipasa Agency Private Limited, India |
|
2000 |
|
Wounderland Barter Private Limited, India |
|
2600 |
|
|
|
3979500 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
|
Percentage |
|
Bodies corporate |
|
71.69 |
|
Directors or relatives of directors |
|
28.31 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Company is engaged in the business of manufacturing Plywood,
Block Board, Veeners and Allied products and also engaged in Import and
Trading of Timber Logs and Sawn Timber. |
||||||||
|
|
|
||||||||
|
Products : |
|
PRODUCTION STATUS
As on 31.03.2011
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
|
|
|
|
|
Veneer |
CBM |
15000 |
33256201.052 Sq.mtr |
|
Plywood & Block Board |
NA |
1250000 |
519034.045 Sq.mtr |
|
Sawn Timber (J.W.) |
CFT |
0 |
539155. 240 CFT |
Note: As certified by the management and accepted by the
Auditors.
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||||||||
|
|
|
|||||||||||||||
|
Bankers : |
· HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400013, Maharashtra, India ·
Bank of India, Kolkata large Corporate Branch,
West Bengal, India |
|||||||||||||||
|
|
|
|||||||||||||||
|
Facilities : |
(Rs.
In Millions)
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
M .Raghunath and Company Chartered Accountants |
|
Address : |
Ashok Chamber 6,Garstin Place ,1st Floor Kolkata -700001, West Bengal, India |
|
PAN No.: |
AAMFM2581J |
CAPITAL STRUCTURE
As on 29.09.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3979500 |
Equity Shares |
Rs.10/- each |
Rs.39.795
Millions |
|
|
|
|
|
As on 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
4000000 |
Equity Shares |
Rs.10/- each |
Rs.40.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
3819400 |
Equity Shares |
Rs.10/- each |
Rs.38.194
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
38.194 |
36.582 |
29.699 |
|
|
2] Share Application Money |
16.050 |
20.550 |
63.150 |
|
|
3] Reserves & Surplus |
379.448 |
282.203 |
104.788 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
433.692 |
339.335 |
197.637 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
152.952 |
118.722 |
60.053 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
152.952 |
118.722 |
60.053 |
|
|
DEFERRED TAX LIABILITIES |
1.915 |
3.603 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
588.559 |
461.660 |
257.690 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
239.469 |
221.398 |
109.934 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
61.658 |
54.017 |
47.225 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
636.463
|
336.477 |
166.254 |
|
|
Sundry Debtors |
47.765
|
86.535 |
16.247 |
|
|
Cash & Bank Balances |
1.241
|
1.200 |
0.565 |
|
|
Other Current Assets |
8.086
|
4.216 |
0.000 |
|
|
Loans & Advances |
20.054
|
16.933 |
31.324 |
|
Total
Current Assets |
713.609
|
445.361 |
214.390 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
411.791
|
254.962 |
113.437 |
|
|
Other Current Liabilities |
10.881
|
2.157 |
0.051 |
|
|
Provisions |
3.505
|
1.997 |
1.705 |
|
Total
Current Liabilities |
426.177
|
259.116 |
115.193 |
|
|
Net Current Assets |
287.432
|
186.245 |
99.197 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
1.334 |
|
|
|
|
|
|
|
|
TOTAL |
588.559 |
461.660 |
257.690 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
|
1159.462 |
449.531 |
|
|
|
Other Income |
|
6.554 |
3.877 |
|
|
|
TOTAL (A) |
NA |
1166.016 |
453.408 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Raw Material Consumed |
|
438.741 |
0.000 |
|
|
|
Purchase – Trading Items |
|
784.747 |
431.825 |
|
|
|
Direct Expenses |
|
55.059 |
23.789 |
|
|
|
Production Overheads |
|
17.057 |
0.000 |
|
|
|
Administration and Selling Expenses |
|
8.362 |
1.820 |
|
|
|
Personal Expenses |
|
3.618 |
1.248 |
|
|
|
Gain / (Loss) on Foreign Exchange Fluctuation |
|
(18.767) |
20.461 |
|
|
|
(Increase) / Decrease in Stock |
|
(164.322) |
(45.155) |
|
|
|
TOTAL (B) |
NA |
1124.495 |
433.988 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
NA |
41.521 |
19.420 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
NA |
16.999 |
13.668 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
NA |
24.522 |
5.752 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
NA |
12.770 |
0.325 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
17.012 |
11.752 |
5.427 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
(1.245) |
3.604 |
1.705 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
18.257 |
8.148 |
3.722 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
20.257 |
12.109 |
8.387 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
38.514 |
20.257 |
12.109 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
|
|
|
|
|
|
|
Raw Materials |
411.754 |
210.250 |
|
|
|
|
Finished Goods |
6.386 |
0.000 |
|
|
|
|
Components , stores and spares |
0.000 |
1.411 |
|
|
|
|
Capital Goods |
1.330 |
8.323 |
|
|
|
TOTAL IMPORTS |
419.470 |
219.984 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
4.78 |
1.64 |
1.25 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
NA |
0.70 |
0.82 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
NA |
1.01 |
1.21 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.78 |
1.76 |
1.67 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04 |
0.03 |
0.03 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.35 |
0.35 |
0.30 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.67 |
1.72 |
1.86 |
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 two 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 |
No |
|
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 |
Yes |
PERFORMANCE AND
OPERATIONS REVIEW
The year was an exceptional year of profitability after an exceptional year of turbulences. When they presented the financial results for 2009-10, the economy was passing through grave uncertainties and it was not clear how and when crisis would be over. The financial years 2009-10 and 2010-11 were challenging years for the Indian economy as well as for the Company. While it is true that India could not remain immune to global meltdown and the impact of global financial crisis on India was stronger than expected, it is also fact that it was first to recover. India was among the first few countries in the world to implement a broad-based counter-cyclic policy package to respond to the negative fall out of the global slowdown.
Despite all odds they are proud to state that their economy as well as the Company have weathered the worst crisis and have come out even stronger.
OPERATING RESULTS AND
PROFITS
The Company’s turnover, in this background and with a strong portfolio the profit before tax increased significantly from Rs.11.752 Millions to Rs.17.012 Millions reflecting a growth of 44.75%. The company continued its dominance in plywood, veneer and allied products and further increased its market share.
CONTINGENT
LIABILITIES:
(Rs. In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
In respect of Letter of Credit |
28.171 |
198.482 |
|
In respect of Bank Guarantee to Bank |
2.660 |
2.203 |
FIXED ASSETS
· Land and Building
· Plant and Machinery
· Motor Car
· Furniture and Fixtures
· Mobile Phones
· Gold Coins
· Computer Software
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 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.53.77 |
|
|
1 |
Rs.81.57 |
|
Euro |
1 |
Rs.70.68 |
INFORMATION DETAILS
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
36 |
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.