MIRA
INFORM REPORT
|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
LEINER SHOES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
UG-11 Daryacha 39 Hauskhaz Village, Delhi 110016 |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2011 |
|
|
|
|
Date of
Incorporation : |
17.10.1999 |
|
|
|
|
Com. Reg. No.: |
101875 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.000 millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U19201DL1999PTC101875 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
DELL02141G / DELL01494D |
|
|
|
|
Legal Form : |
Private Limited Liability Company
|
|
|
|
|
Line of Business
: |
Manufacturer of Sheep Leather, Gents Shoes, Ladies Shoes, Sandals,
Chappals, Slippers, Horrachis Casual Shoes, etc. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (32) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 390000 |
|
|
|
|
Status : |
Moderate |
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|
|
|
Payment Behaviour : |
Unknown |
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|
|
Litigation : |
Clear |
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|
|
Comments : |
Subject is an established company having a moderate track record. The
latest financials are not made available with the government department. As per previous year’s, there appears continuous dip in profitability. However, trade relations are reported to be fair. Business is active.
Payments are reported to be unknown. |
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 |
CRISIL |
|
Rating |
LONG TERM RATING : CRISIL A3 |
|
Rating Explanation |
Crisil has suspended its rating due to lack of information. |
|
Date |
March, 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 : |
UG-11 Daryacha 39 Hauskhaz Village, Delhi 110016, India |
|
Tel No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Head Office : |
EPIP Shashtripuram Sikandra, Agra 282007, India |
|
|
|
|
Factory : |
B – 19 Hoisery Complex, Phase 2 Extension, Noida 201305, Uttar
Pradesh, India |
|
Tel. No.: |
91-120-4040300 |
|
Fax No.: |
91-120-4357879 / 2461173 |
|
E-Mail : |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Gautam Mehra |
|
Designation : |
Director |
|
Address : |
E 2/13 First Floor, Vasant Vihar, Delhi – 110057, India |
|
Date of Birth/Age : |
22.10.1965 |
|
Date of Appointment : |
17.10.1999 |
|
DIN No.: |
00795298 |
|
|
|
|
Name : |
Mrs. Deepika Mehra |
|
Designation : |
Director |
|
Address : |
E 2/13 First Floor, Vasant Vihar, Delhi – 110057, India |
|
Date of Birth/Age : |
27.01.1966 |
|
Date of Appointment : |
17.10.1999 |
|
DIN No.: |
00793366 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Gautam Mehra |
|
500000 |
|
Deepika Mehra |
|
200000 |
|
Rahul Mehra |
|
100000 |
|
Siddharth Mehra |
|
100000 |
|
Diya Louisa Mehra |
|
100000 |
|
Total |
|
1000000 |
Equity Share Break up (Percentage of Total Equity)
AS ON 29.09.2012
|
Category |
|
Percentage |
|
Directors or relatives of directors |
|
100.00 |
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Sheep Leather, Gents Shoes, Ladies Shoes, Sandals,
Chappals, Slippers, Horrachis Casual Shoes, etc. |
||||
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|
||||
|
Products : |
|
PRODUCTION STATUS
AS ON 31.03.2011
|
Particulars |
Unit |
Installed
Capacity |
Actual
Production |
|
Leather Shoes |
Pairs |
600000 |
-- |
|
Complete Shoes |
Pairs |
-- |
495471 |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
||||||||||||||||||
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|
||||||||||||||||||
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Bankers : |
·
State Bank of India, SIB Branch, Sanjay Place,
Agra 282002, Uttar Pradesh, India ·
Punjab and Sind Bank, IBD, Sanjay Place, Agra,
Uttar Pradesh, India |
||||||||||||||||||
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Facilities : |
Rs. In Millions
|
||||||||||||||||||
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Banking
Relations : |
-- |
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|
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Auditors : |
|
|
Name : |
Mukul Bhatnagar and Company Chartered Accountant |
|
Address : |
B-4/65 C, Lawrence Road (Keshav Puram), New Delhi 110035, India |
|
|
|
|
Subsidiaries : |
Vanilla Moon Fashion Private Limited, United Kingdom |
CAPITAL STRUCTURE
AS ON 31.03.2011
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10 each |
Rs.10.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1000000 |
Equity Shares |
Rs. 10 each |
Rs.10.000 millions |
|
|
|
|
|
Note:
Out of this 250000 shares issued and
subscribed in cash and 550000 shares issued as bonus current year
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 |
10.000 |
2.000 |
2.000 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
88.639 |
91.475 |
83.188 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
98.639 |
93.475 |
85.188 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
79.467 |
73.072 |
58.792 |
|
|
2] Unsecured Loans |
23.224 |
18.685 |
17.638 |
|
|
TOTAL BORROWING |
102.691 |
91.757 |
76.430 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
1.825 |
|
|
|
|
|
|
|
|
TOTAL |
201.330 |
185.232 |
163.443 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
119.975 |
122.404 |
123.029 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.083 |
0.083 |
0.084 |
|
|
DEFERREX TAX ASSETS |
0.026 |
0.207 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
98.627
|
67.974 |
89.617 |
|
|
Sundry Debtors |
60.805
|
61.255 |
23.408 |
|
|
Cash & Bank Balances |
4.337
|
8.984 |
16.485 |
|
|
Other Current Assets |
36.811
|
25.893 |
11.808 |
|
|
Loans & Advances |
10.227
|
9.873 |
18.131 |
|
Total
Current Assets |
210.807
|
173.979 |
159.449 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
|
93.511 |
98.597 |
|
|
Other Current Liabilities |
126.817
|
15.942 |
14.756 |
|
|
Provisions |
2.744
|
1.988 |
5.766 |
|
Total
Current Liabilities |
129.561
|
111.441 |
119.119 |
|
|
Net Current Assets |
81.246
|
62.538 |
40.330 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
201.330 |
185.232 |
163.443 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
|
|
SALES |
|
|
|
|
|
|
|
Sales |
638.088 |
781.276 |
615.498 |
|
|
|
Other Income |
89.521 |
69.010 |
47.140 |
|
|
|
TOTAL (A) |
727.609 |
850.286 |
662.638 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Materials |
|
590.379 |
427.087 |
|
|
|
Manufacturing Expenses |
|
86.435 |
75.139 |
|
|
|
Personal Expenses |
|
46.726 |
38.530 |
|
|
|
Administrative Expenses |
|
69.356 |
61.584 |
|
|
|
TOTAL (B) |
723.581 (Including
Financial Expenses and Depreciation) |
792.896 |
602.340 |
|
|
|
|
|
|
|
|
Less |
PROFIT
BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
|
57.390 |
60.298 |
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
|
19.521 |
17.404 |
|
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
|
37.869 |
42.894 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
|
17.656 |
17.164 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX (E-F) (G) |
4.028 |
20.213 |
25.730 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
1.364 |
7.247 |
9.797 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX
(G-H) (I) |
2.664 |
12.966 |
15.933 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
31.476 |
28.188 |
23.103 |
|
|
|
|
|
|
|
|
|
Less |
APPROPRIATIONS |
|
|
|
|
|
|
|
Transfer to General Reserve |
5.000 |
5.000 |
5.000 |
|
|
|
Interim Dividend |
0.000 |
2.000 |
2.000 |
|
|
|
Tax on Interim Dividend |
0.000 |
0.339 |
0.339 |
|
|
|
Dividend |
0.000 |
2.000 |
3.000 |
|
|
|
Tax on Dividend |
0.000 |
0.339 |
0.509 |
|
|
BALANCE CARRIED
TO THE B/S |
29.139 |
31.476 |
28.188 |
|
|
|
|
|
|
|
|
|
|
EARNINGS IN
FOREIGN CURRENCY |
|
|
|
|
|
|
|
Export Earnings |
615.716 |
760.596 |
604.719 |
|
|
|
Design and Development Charge |
2.264 |
0.217 |
1.172 |
|
|
TOTAL EARNINGS |
617.980 |
760.813 |
605.891 |
|
|
|
|
|
|
|
|
|
|
IMPORTS |
89.158 |
112.993 |
60.459 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
2.66 |
-- |
-- |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2011 |
31.03.2010 |
31.03.2009 |
|
PAT / Total Income |
(%) |
0.37
|
1.52 |
2.40 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.63
|
2.58 |
4.18 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.21
|
6.81 |
9.10 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.04
|
0.21 |
0.30 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
1.04
|
0.98 |
0.90 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.62
|
1.56 |
1.33 |
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 |
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 |
DETAILS OF
UNSECURED LOAN
(Rs.
In Millions)
|
Particulars |
31.03.2011 |
31.03.2010 |
|
From Shareholders |
23.224 |
18.685 |
|
Total
|
23.224 |
18.685 |
FORM 8
|
Corporate
identity number of the company |
U19201DL1999PTC101875 |
|
Name of the
company |
LEINER SHOES PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
UG-11 Daryacha 39 Hauskhaz Village, Delhi 110016, India E-mail Id : mukulbhatnagarca@gmail.com |
|
This form is for |
Modification of
charge |
|
Charge identification (ID) number of the charge to be modified |
10019065 |
|
Type of charge |
Immovable
property Book debts Movable property
(not being pledge) Others (All kinds
of stocks) |
|
Particular of
charge holder |
State Bank of India, SIB Branch, Sanjay Place, Agra 282002, Uttar
Pradesh, India Email: sbi.07278@sbi.co.in |
|
Nature of
instrument creating charge |
Letter of
Arrangement Dated 03.01.2013 |
|
Date of instrument
Creating the charge |
03.01.2013 |
|
Amount secured by
the charge |
Rs. 217.500
millions |
|
Brief of the
principal terms an conditions and extent and operation of the charge |
Rate of interest As applicable to export
credit under the SBI exporters gold card scheme at monthly intervals, subject
to change from time to time as per bank's instructions and details as per
letter of arrangement. Terms of repayment As Per Existing
Arrangement. CC Repayable On
Demand. Margin Raw Material,
Stock In Process, Finished Goods, Bank Guarantee=25% Book Debts /
Receivables / FBP/FBD=10% Term Loan=Nil Letter of
Credit=15% Forward
Contracts=2% Land and
Building, Plant and Machinery 30%. Extent and operation of the charge 100% Sole First And
Exclusive Charge Of The State Bank Of India |
|
Short particulars
of the property charged (Including location of the property) |
Hypothecation of
the entire current assets of the company including its stock of raw-materials,
stores, spares, stock-in-process, finished goods etc. lying in it works,
godowns, offices, elsewhere and including the goods in transit. Export document
accompanied by bill of Lading /AWB, Bill of exchange, G.R. etc & other
document called for in the contracts. First exclusive
charge on the entire fixed assets of the company including hypothecation of
the fixed assets/plant and machinery to be acquired with the bank's finance,
and equitable mortgage of euqitable mortgage of company's land At A-7, A-8,
& A-9 Situated In Export Promotional Industrial Park (EPIP), Agra. (i) Indemnity by
the applicant. (2) Charge over
all the current assets of the co. First exclusive
charge on the entire fixed assets of the company including hypothecation of the
fixed assets/plant and machinery to be acquired with the bank's finance. (1) Omnibus
counter guarantee by the applicant. (2) Charge over
all the current assets of the Co Export documents
accompanied by bill of Lading/AWB, Bill of exchange, G.R. etc & other
documents called for in the contract. Equitable
mortgage of Factory Land and Building, B-19, Hosiery Complex, Ph- Ii, Nepz
Noida in the name of Liener Shoes Private Limited. Equitable
mortgage over property bearing number Ug11 and 12, Dareyacha, Number 39,
Khasra No. 624/278 Hauz Khas Village, New Delhi in the name of Smt Deepika
Mehra. |
|
Date of
instrument modifying the charge |
08.06.2011 |
|
Particulars of
the present modification |
By the present modification
the credit facilities of the SBI stands at Rs.217.500 Millions, comprising
of (1) CC (hypo
stocks ) EPC Rs.60.000 Millions (2)
FBP/FBD Rs.70.000 Millions (3) SLC
Rs.13.000 Millions (4) letter of credit
Rs.12.500 Millions (5) Bank guarantee Rs.2.000 Millions (6) forward
contract Rs.10.000 Millions (7) Bill
negotiation under LC limit Rs.50.000 Millions. Other terms and
conditions remains the same. |
FIXED ASSETS:
·
Air Conditioner
·
Buildings
·
Computers
·
Electrical Fittings
·
Furniture and Fixture
·
Generator set
·
Land
·
Leasehold Lands
·
Leather Machinery
·
Office Equipments
·
Patten and Shoe Last
·
Scooter
·
Tube Well
·
Vehicle
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.54.71 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
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 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
3 |
|
--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 |
|
TOTAL |
|
32 |
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.