1. Summary Information
|
|
|
Country |
India |
|
Company Name |
SURAJ LOGISTIX
PRIVATE LIMITED |
Principal Name 1 |
Mr. Prakash Kumar Khemani |
|
Status |
Moderate |
Principal Name 2 |
Mr. Deepak Khemani |
|
|
|
Registration # |
21-099299 |
|
Street Address |
Unit
No. 2, Anupam Chamber, 18, Giri Babu Lane, Kolkata-700012, West Bengal,
India |
||
|
Established Date |
30.07.2004 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
PVC pipes and fittings |
|
# of employees |
Not Available |
Product Name 2 |
Swr Pipes and Fittings |
|
Paid up capital |
Rs. 24,311,500 /- |
Product Name 3 |
Swr Pipes |
|
Shareholders |
Bodies corporate -67.00 % Directors or
relatives of Directors - 24.00 % Other top fifty shareholders -
9.00 % |
Banking |
Axis
Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
9 Years |
|
IPO |
No |
International Ins. |
- |
|
Public |
No |
Rating |
B
(35) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
111,794,000 |
Current Liabilities |
6,928,000 |
|
Inventories |
126,775,000 |
Long-term Liabilities |
147,766,000
|
|
Fixed Assets |
213,586,000 |
Other Liabilities |
5,453,000 |
|
Deferred Assets |
0,000 |
Total Liabilities |
160,147,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
267,696,000 |
|
|
|
Net Worth |
292,008,000 |
|
Total Assets |
452,155,000 |
Total Liab. & Equity |
452,155,000 |
|
Total Assets (Previous Year) |
295,694,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
559,037,000 |
Net Profit |
(9,680,000) |
|
Sales(Previous yr) (Total Income) |
361,734,000 |
Net Profit(Prev.yr) |
4,697,000 |
MIRA INFORM
REPORT
|
Report Date : |
05.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SURAJ LOGISTIX PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Unit No. 2, Anupam Chamber, 18, Giri Babu Lane, Kolkata-700012, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
30.07.2004 |
|
|
|
|
Com. Reg. No.: |
21-099299 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs. 24.312 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U63090WB2004PTC099299 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer of PVC pipes and fittings, swr pipes and fittings, swr pipes, PVC pipes and water storage tanks. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (35) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 1168000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. It has incurred loss from its operations during 2012. However, trade relations are reported as fair. Business is active.
Payment terms are slow but correct. 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 |
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 : |
Unit No. 2, Anupam Chamber, 18, Giri Babu Lane,
Kolkata-700012, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
706, New Sitaramdera, PO : Agrico Jamshedpur – 831009, Jharkhand, India |
|
Tel. No.: |
91- 657-2429701 |
|
Fax No.: |
91- 657-2439087 |
|
|
|
|
Factory : |
Adityapur Industrial Area, Adityapur, Ashangi, Seraikela-Kharsawan-832109, Jharkhand, India |
|
Tel. No.: |
91- 657-2439087 |
DIRECTORS
As on 29.09.2012
|
Name : |
Mr. Prakash Kumar Khemani |
|
Designation : |
Director |
|
Address : |
13 A, Ch. Area (North East), Road No. 12, Jamshedpur-831011,
Jharkhand, India |
|
Date of Appointment : |
30.07.2004 |
|
DIN No.: |
00612168 |
|
|
|
|
Name : |
Mr. Deepak Khemani |
|
Designation : |
Director |
|
Address : |
13 A, Ch. Area (North East), Road No. 12, Jamshedpur-831011,
Jharkhand, India |
|
Date of Appointment : |
30.07.2004 |
|
DIN No.: |
00612193 |
|
|
|
|
Name : |
Mr. Shyam Kumar Khemani |
|
Designation : |
Director |
|
Address : |
13 A, Ch. Area (North East), Road No. 12, Jamshedpur-831011,
Jharkhand, India |
|
Date of Birth/Age : |
19.06.1947 |
|
Date of Appointment : |
30.07.2004 |
|
PAN No. : |
ACAPK7307C |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 24.09.2011
|
Names of Shareholders |
|
No. of Shares |
|
Shyam Kumar Khemani |
|
120100 |
|
Prakash Kumar Khemani |
|
60100 |
|
Deepak Khemani |
|
210100 |
|
Suraj Matrix Private Limited, India |
|
209000 |
|
Prakash Kumar Khemani |
|
75000 |
|
Suraj Associates Private Limited, India |
|
595500 |
|
Suraj Solutions Private Limited, India |
|
125000 |
|
Newtown Commercial Private Limited |
|
331200 |
|
Deepti Khemani |
|
9000 |
|
Usha Khemani |
|
30000 |
|
Shyam Kumar Khemani (HUF) |
|
95000 |
|
Total |
|
1860000 |
Allottees as on 31.03.2012
|
Names of Allottees |
|
No. of Shares |
|
Newtown Commercial Private Limited |
|
130900 |
|
Subhlaxmi Stock Management Private Limited |
|
140500 |
|
Suraj Associates Private Limited, India |
|
32500 |
|
Suraj Matrix Private Limited, India |
|
25000 |
|
Suraj Solutions Private Limited, India |
|
30000 |
|
Prakash Kumar Khemani (HUF) |
|
18500 |
|
Prakash Kumar Khemani |
|
30000 |
|
Deepti Khemani |
|
23750 |
|
Total |
|
431150 |
Equity Share Break up (Percentage of Total Equity)
As on 29.09.2012
|
Category |
Percentage |
|
Bodies corporate |
67.00 |
|
Directors or relatives of Directors |
24.00 |
|
Other top fifty shareholders |
9.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of PVC pipes and fittings, swr pipes and
fittings, swr pipes, PVC pipes and water storage tanks. |
||||||
|
|
|
||||||
|
Products : |
|
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||
|
|
|
||||||||||||
|
Bankers : |
· Axis Bank Limited, Jamshedpur Branch, Voltas House, Main Road, Bistupur, Jamshedpur - 831001, Jharkhand, India · ICICI Bank Limited, Jamshedpur, Jharkhand, India · State Bank of India, SME CCC, 2nd Floor, Tee Kay Complex, Golmuri, Jamshedpur - 831003, Jharkhand, India |
||||||||||||
|
|
|
||||||||||||
|
Facilities : |
|
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sawaria Khaitan and Associates Chartered Accountants |
|
Address : |
1/1A, Vansittart Row, Kolkata-700001, West Bengal, India |
|
E-Mail : |
|
|
PAN No.: |
AAIFS8727N |
CAPITAL STRUCTURE
As on 31.03.2012
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 |
|
|
|
|
|
|
2431150 |
Equity Shares |
Rs.10/- each |
Rs. 24.312 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 |
24.312 |
20.000 |
11.648 |
|
|
2] Share Application Money |
0.000 |
14.180 |
0.000 |
|
|
3] Reserves & Surplus |
267.696 |
195.458 |
114.093 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
292.008 |
229.638 |
125.741 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
147.766 |
63.488 |
0.775 |
|
|
2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
|
|
TOTAL BORROWING |
147.766 |
63.488 |
0.775 |
|
|
DEFERRED TAX LIABILITIES |
0.324 |
0.324 |
0.324 |
|
|
|
|
|
|
|
|
TOTAL |
440.098 |
293.450 |
126.840 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
213.586 |
154.689 |
66.260 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERRED TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
126.775
|
77.981 |
42.237 |
|
|
Sundry Debtors |
57.898
|
31.018 |
18.919 |
|
|
Cash & Bank Balances |
25.893
|
11.354 |
35.121 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
28.003
|
20.652 |
7.708 |
|
Total
Current Assets |
238.569
|
141.005 |
103.985 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
0.000
|
0.000 |
38.783 |
|
|
Other Current Liabilities |
6.928
|
2.244 |
1.654 |
|
|
Provisions |
5.129
|
0.000 |
2.982 |
|
Total
Current Liabilities |
12.057
|
2.244 |
43.419 |
|
|
Net Current Assets |
226.512
|
138.761 |
60.566 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.014 |
|
|
|
|
|
|
|
|
TOTAL |
440.098 |
293.450 |
126.840 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
559.037 |
361.734 |
NA |
|
|
|
Other Income |
99.577 |
|
|
|
|
|
TOTAL |
658.614 |
361.734 |
NA |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
|
|
|
NA |
|
|
|
Administrative Expenses |
|
|
|
|
|
|
Advertising Expenses |
|
|
|
|
|
|
TOTAL |
668.294 |
354.888 |
NA |
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE TAX |
(9.680) |
6.846 |
NA |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.000 |
2.149 |
NA |
|
|
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) AFTER TAX |
(9.680) |
4.697 |
NA |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
(3.98) |
2.35 |
NA |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
(1.47)
|
1.30 |
NA |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
(1.73)
|
NA |
NA |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
(2.14)
|
2.32 |
NA |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
(0.03)
|
0.03 |
NA |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
0.51
|
0.28 |
NA |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
19.79
|
62.84 |
NA |
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 |
No |
|
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 |
Yes |
|
33] |
Voter ID No of
Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating,
if available |
No |
NOTE
The registered office of the company has been shifted from Juthika
Apartment, Flat No C2, 11/1, Sunny Park ,Ballygunge, Kolkata- 700019, West Bengal,
India to the present address w.e.f. 07.12.2012
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Corporate identity number of the company |
U63090WB2004PTC099299 |
|
Name of the company |
SURAJ LOGISTIX PRIVATE LIMITED |
|
Address of the registered office or of the principal place of business in India of the company |
Juthika Apartment, Flat No C2, 11/1, Sunny Park ,Ballygunge, Kolkata-
700019, West Bengal, India Email: pawan4321@yahoo.com |
|
This form is for |
Creation of charge |
|
Type of charge |
·
Book debts ·
Movable property (not being pledge) ·
Others (All other Current Assets both present and
future) |
|
Particular of charge holder |
Axis Bank Limited, Jamshedpur Branch, Voltas House, Main Road,
Bistupur, Jamshedpur - 831001, Jharkhand, India Email: manisht.yadav@axisbank.com
|
|
Nature of instrument creating charge |
Accepted Copy of Sanction Letter, Copy of Board Resolution,
Supplemental Deed of Hypothecation |
|
Date of instrument Creating the charge |
05.06.2012 |
|
Amount secured by the charge |
Rs. 35.000 millions |
|
Brief of the principal terms an conditions and extent and operation of
the charge |
Rate of Interest Letter of Credit/Buyers Credit (Fully Interchangeable with each other)
- 50% concession on card rate. Terms of Repayment Repayable on Demand, Maximum Usance up to 90 days. Margin Nil Extent and Operation of the charge Extension of Hypothecation charges on entire Current Assets of the
Company both present & future i.e. All stocks of Raw Materials, Work in Progress,
Finished and Semi Finished Goods such as PVC Resin, PVC Pipes, Plastic
Containers, Woven Sacks & Bags, Perforated Bags, Sand bags, Leno Bags,
Moulded Plastic products, Packing Materials, Consumable Stores and Spares,
Book Debts, Outstanding Monies, Receivables, Claims, Bills, Contracts, etc,
Assignment of Title of Goods under LC. |
|
Short particulars of the property or asset(s) charged (including
complete address and location of the property) |
Extension of Hypothecation charges on entire Current Assets of the
Company both present & future i.e. All stocks of Raw Materials, Work in
Progress, Finished and Semi Finished Goods such as PVC Resin, PVC Pipes,
Plastic Containers, Woven Sacks & Bags, Perforated Bags, Sand bags, Leno
Bags, Moulded Plastic products, Packing Materials, Consumable Stores &
Spares, Book Debts, Outstanding Monies, Receivables, Claims, Bills, Contracts, etc. Assignment of Title of Goods under LC. |
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
|
Report Prepared
by : |
MRI |
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 |
-- |
|
--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 |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
35 |
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.