MIRA
INFORM REPORT
|
Report Date : |
05.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SHREE GLOBAL TRADFIN LIMITED (w.e.f. 24.10.1996) |
|
|
|
|
Formerly Known
As : |
BENSONS STEELS LIMITED |
|
|
|
|
Registered Office : |
35, Ashok Chembers, Broach Street, Devji Ratensey Marg, Majid Bunder,
Mumbai-400009, Maharashtra |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2012 |
|
|
|
|
Date of Incorporation : |
15.10.1986 |
|
|
|
|
Com. Reg. No.: |
11-041252 |
|
|
|
|
Paid-Up Capital : |
Rs.1029.050 Millions |
|
|
|
|
CIN No.: [Company
Identification No.] |
L27100MH1986PLC041252 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMS39362B |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAACB2975J |
|
|
|
|
Legal Form : |
A Public Limited Liability Company. The Company’s shares are listed on
stock exchange. |
|
|
|
|
Line of Business : |
Manufacturer
and Trader of coils and cold rolled steel sheet. |
|
|
|
|
No. of Employees : |
Information declined by the management. |
RATING & COMMENTS
|
MIRA’s Rating : |
B (29) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 15000000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having moderate track record.
Profitability of the company appears to be low. Trade relations are reported
as fair. Business is active. Payments are reported to be slow. 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.
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 |
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 DENIED
Management Non Co-Operative
(91-22-23480526)
LOCATIONS
|
Registered Office : |
35, Ashok Chembers, Broach Street, Devji Ratensey Marg, Majid Bunder, Mumbai-400009,
Maharashtra, India |
|
Tel. No.: |
91-22-23756526/ 23480526 |
|
Fax No.: |
91-22-23756526 |
|
E-Mail : |
|
|
Website: |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Vasudevan Yelleshwaram |
|
Designation : |
Director |
|
Address: |
A -19/20, Parjanya Society, Ram Chandranagar, Dombivali (East),
Thane-421201, |
|
Date of Birth/ Age: |
14.12.1953 |
|
Qualification : |
B.Com. |
|
Date of Appointment: |
31.07.2008 |
|
DIN : |
02278644 |
|
|
|
|
Name : |
Mr. Ravindra Anant Deshpande |
|
Designation : |
Director |
|
Address : |
E/7/3-2, Shree Gajanan Darshal, Co-operative Housing Society,
Sector-7, Sanpada, Navi Mumbai-400705, |
|
Date of Birth/Age : |
26.09.1950 |
|
Qualification : |
B.E. |
|
Date of Appointment : |
31.07.2010 |
|
DIN : |
01003990 |
|
|
|
|
Name : |
Mr. Mohan Krishnamoorthy |
|
Designation : |
Director |
|
Address : |
32/1146, Tilak Nagar, Chembur, Mumbai-400089, |
|
Date of Birth/Age : |
28.07.1960 |
|
Qualification : |
B.Com. |
|
Date of Appointment : |
29.09.2009 |
|
DIN : |
02542406 |
|
|
|
|
Name : |
Mr. Shashi Gopal Nair |
|
Designation : |
Director [w.e.f. 27.05.2011] |
|
Address : |
10, Skandgiri, |
|
Date of Birth/Age : |
01.04.1948 |
|
Date of Appointment : |
30.09.2011 |
|
DIN : |
00056445 |
KEY EXECUTIVES
|
Name : |
Mr. R Rajalakshmi |
|
Designation : |
Secretary |
|
Address : |
5, Narmada, Plot No. 24A, Sector 14, Vashi, Navi Mumbai - 400705, Maharashtra,
India |
|
Date of Birth/Age : |
08.08.1965 |
|
Date of Appointment : |
01.09.2009 |
|
PAN : |
AAEPR3584Q |
|
|
|
|
Name : |
Mr. J. K. Sarda |
|
Designation : |
Accounts and Finance Head |
|
|
|
|
Name : |
Shashi Gopal Nair |
|
Designation : |
Manager [w.e.f. 01.08.2011] |
SHAREHOLDING PATTERN
As on 31.12.2012
|
Category of Shareholders |
No. of Shares |
Percentage of
Holding |
|
(A) Shareholding of Promoter and Promoter Group |
|
|
|
|
|
|
|
|
154091800 |
73.76 |
|
|
154091800 |
73.76 |
|
|
|
|
|
Total shareholding of Promoter and Promoter Group (A) |
154091800 |
73.76 |
|
(B) Public Shareholding |
|
|
|
|
|
|
|
|
|
|
|
|
15889319 |
7.61 |
|
|
|
|
|
|
891888 |
0.43 |
|
|
38016900 |
18.20 |
|
|
11186 |
0.01 |
|
|
4177 |
0.00 |
|
Non Resident Indians |
7009 |
0.00 |
|
|
54809293 |
26.24 |
|
Total Public shareholding (B) |
54809293 |
26.24 |
|
Total (A)+(B) |
208901093 |
100.00 |
|
(C) Shares held by Custodians and against which Depository Receipts
have been issued |
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
|
0 |
0.00 |
|
Total (A)+(B)+(C) |
208901093 |
0.00 |
(1) Indian
Bodies Corporate
Individual shareholders holding nominal
share capital up to Rs. 0.100 millionShareholding belonging to the category
"Promoter and Promoter Group"
|
|
|
Details of Shares held |
Encumbered shares (*) |
|||
|
Sl. No. |
Name of the
Shareholder |
No.
of Shares held |
As
a % of grand total (A)+(B)+(C) |
No |
As
a percentage |
As
a % of |
|
1 |
Teamwork Stock Fin Limited |
7,73,11,000 |
37.01 |
10200000 |
13.19 |
4.88 |
|
2 |
Blossom Stock Fin Limited |
7,67,80,800 |
36.75 |
5000000 |
6.51 |
2.39 |
|
|
Total |
15,40,91,800 |
73.76 |
15200000 |
9.86 |
7.28 |
|
Note : (*)
The term encumbrance has the same meaning as assigned to it in regulation
28(3) of the SAST Regulations, 2011. |
||||||
Shareholding belonging to the category
"Public" and holding more than 1% of the Total No. of Shares
|
Sl.
No. |
Name
of the Shareholder |
No.
of Shares held |
Shares
as % of Total No. of Shares |
|
|
|
|
|
|
1 |
Aristo Realty Developers Limited |
10335200 |
4.95 |
|
2 |
Kiran B Agarwal |
4917000 |
2.35 |
|
3 |
Ravi Agarwal |
4957500 |
2.37 |
|
4 |
Ravi Agarwal |
4910000 |
2.35 |
|
5 |
Abha M Gupta |
3946856 |
1.89 |
|
6 |
Renu R Gupta |
4917800 |
2.35 |
|
7 |
Babulal Agarwal |
4367500 |
2.09 |
|
8 |
Chitralekha R Gupta |
4816867 |
2.31 |
|
9 |
Pooja Agarwal |
4880000 |
2.34 |
|
10 |
Pragya Realty Developers Private Limited |
3091093 |
1.48 |
|
|
Total |
51139816 |
24.48 |
Details of Locked-in Shares
|
Sl.
No. |
Name
of the Shareholder |
No.
of Shares |
Locked-in
Shares as % of Total No. of Shares |
|
1 |
Pragya Realty Developers Private Limited |
7,72,774 |
0.37 |
|
|
Total |
7,72,774 |
0.37 |
As on 29.09.2012
|
Equity Share
Breakup |
|
Percentage of
Holding |
|
Category |
|
|
|
Bodies Corporate |
|
81.41 |
|
Other top fifty shareholders |
|
18.34 |
|
Others |
|
0.25 |
|
Total |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer
and Trader of coils and cold rolled steel sheet. |
|
|
|
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Information declined by the management. |
|
|
|
|
Bankers : |
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Krishna Moorthy M V Chartered Accountant |
|
Address: |
15, Srivalli, |
|
Tel No.: |
91-22-25152685 |
|
Email: |
|
|
PAN : |
AADPM9668F |
|
|
|
|
Associates : |
· Lloyds Steel Industries Limited CIN No.: L27100MH1970PLC014621 · Aristo Realty Developers Limited CIN No.: U45200MH1987PLC042112 · Uttam Exports Private Limited CIN No.: U51900MH1982PTC028710 · Grandeour Hotels Private Limited CIN No.: U55101MH2005PTC151196 · Gopani Iron and Powder (India) Private Limited CIN No.: U74300MH1988PTC046932 · Halan Properties Private Limited CIN No.: U65900MH1997PTC109168 · Prawas Leasing and Finance Private Limited CIN No.: U65910MH1987PTC042110 · Vidharbha Power Limited CIN No.: U40100MH1995PLC094903 · Lloyds Encon Technologies (India) Limited CIN No.: U45200MH1994PLC081235 |
|
|
|
|
Related Parties : |
· Teamwork Stockfin Limited CIN No.: U67120MH1995PLC084966 · Blossom Stockfin Limited CIN No.: U67120MH1995PLC084962 |
CAPITAL STRUCTURE
As on 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
1500000000 |
Equity Shares |
Rs. 5/- each |
Rs.7500.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
205810000 |
Equity Shares |
Rs. 5/- each |
Rs.1029.050
Millions |
|
|
|
|
|
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 |
1029.050 |
6428.530 |
1029.050 |
|
|
2] Share Application Money |
15.455 |
0.000 |
5419.569 |
|
|
3] Reserves & Surplus |
2640.522 |
1128.786 |
1282.365 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
[119.779] |
|
|
NETWORTH |
3685.027 |
7557.316 |
7611.205 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
0.000 |
0.000 |
0.000 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3685.027 |
7557.316 |
7611.205 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
3.473 |
0.256 |
0.298 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
7235.580 |
4449.791 |
3409.706 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
0.000
|
0.000
|
0.000
|
|
|
Sundry Debtors |
149.763
|
108.117
|
349.040
|
|
|
Cash & Bank Balances |
33.683
|
518.096
|
57.048
|
|
|
Other Current Assets |
0.000
|
0.000
|
0.000
|
|
|
Loans & Advances |
6811.785
|
6419.609
|
7250.502
|
|
Total
Current Assets |
6995.231
|
7045.822
|
7656.590
|
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
2966.742
|
1182.453
|
1153.380
|
|
|
Other Current Liabilities |
7577.885
|
2754.235
|
2301.980
|
|
|
Provisions |
4.630
|
1.865
|
0.029
|
|
Total
Current Liabilities |
10549.257
|
3938.553
|
3455.389
|
|
|
Net Current Assets |
(3554.026)
|
3107.269
|
4201.201
|
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
3685.027 |
7557.316 |
7611.205 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
9930.276 |
6993.250 |
3524.521 |
|
|
|
Other Income |
33.117 |
4.908 |
12.035 |
|
|
|
TOTAL (A) |
9963.393 |
6998.158 |
3536.556 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchases of stock-in-trade |
9652.335 |
6788.791 |
|
|
|
|
Employee benefit expense |
5.237 |
5.605 |
|
|
|
|
Other expenses |
37.837 |
11.630 |
|
|
|
|
TOTAL (B) |
9695.409 |
6806.026 |
3524.103 |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
267.984 |
192.132 |
12.453 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL EXPENSES (D) |
253.223 |
196.103 |
0.006 |
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
14.761 |
(3.971) |
12.447 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.731 |
29.891 |
0.091 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
14.030 |
(33.862) |
12.356 |
|
|
|
|
|
|
|
|
|
Less |
TAX (I) |
2.200 |
(0.062) |
0.028 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-I) (J) |
11.830 |
(33.800) |
12.328 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
(153.579) |
(119.779) |
(132.107) |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
(141.749) |
(153.579) |
(119.779) |
|
|
|
|
|
|
|
|
|
|
Earnings / (Loss)
Per Share (Rs.) |
0.06 |
(0.16) |
0.06 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.12
|
[0.48]
|
0.35
|
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.14
|
[0.48]
|
0.35
|
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.20
|
[0.48]
|
0.16
|
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.00
|
0.00
|
0.00
|
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
0.66
|
1.79
|
2.22
|
LOCAL AGENCY FURTHER INFORMATION
DETAILS OF SUNDRY
CREDITORS
(Rs.
In Millions)
|
Particulars
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
|
|
|
Sundry Creditors |
2966.742
|
1182.453
|
1153.380
|
|
Total |
2966.742
|
1182.453
|
1153.380
|
|
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 |
Yes |
|
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 |
OPERATIONS AND
OVERALL PERFORMANCE
The Company has achieved a net profit of Rs.11.830 Millions for the year as against loss of Rs.33.800 Millions in the last year. The total Income of the Company was Rs.9963.393 Millions as against Rs.6998.158 Millions during the last year.
INDUSTRY STRUCTURE
AND DEVELOPMENT
Company is engaged in trading activity primarily having vast potential and now being getting attention of the organised sector.
SEGMENT-WISE PERFORMANCE
The Company is operating on only one broad segment and hence separate segmental reporting is not applicable. The Company has no activity outside India.
FIXED ASSETS
- Computers
- Software Development
- Office Equipments
- Motor Car
- Furniture and Fixture
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.55.05 |
|
|
1 |
Rs.82.75 |
|
Euro |
1 |
Rs.71.61 |
INFORMATION DETAILS
|
Information Gathered
by : |
PDT |
|
|
|
|
Report Prepared
by : |
BSN |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
2 |
|
--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 |
NO |
|
--LISTED |
YES/NO |
YES |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
29 |
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.