MIRA
INFORM REPORT
|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SANGITA SALES PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
17, Biplabi Anukul Chandra Street, 4th Floor,
Kolkata-700072, West Bengal |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
25.03.1992 |
|
|
|
|
Com. Reg. No.: |
21-054910 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.10.252
Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51909WB1992PTC054910 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Trading and Transportation of Coal. |
|
|
|
|
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 137000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is an established company having a moderate track record. The
external borrowings of the company appear to be increasing over years. The profitability
also appears to be slow. However, trade relations are reported as fair. Business is active.
Payments are 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.
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 |
B [Long Term] |
|
Rating Explanation |
High risk of default. |
|
Date |
17.01.2013 |
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 : |
17, Biplabi Anukul Chandra Street, 4th Floor,
Kolkata-700072, West Bengal, India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
|
|
|
|
|
Corporate Office : |
No.3/4, Ashirwad Complex, H.B. Town, Bhandara Road, Old Pardi Naka,
Nagpur-440035, Maharashtra, India |
|
Tel No.: |
91-712-2681359/2681360 |
|
Fax No.: |
91-712-2683540 |
DIRECTORS
AS ON 29.09.2012
|
Name : |
Mr. Anant Kumar Agarwal |
|
Designation : |
Director |
|
Address : |
12/13, Ashirwad Complex, H.B. Town Old Pardi Naka, Nagpur-400035,
Maharashtra, India |
|
Date of Birth/Age : |
27.09.1958 |
|
Date of Appointment : |
01.12.1997 |
|
Pan No.: |
ABPPA1560R |
|
Din No.: |
00531598 |
|
|
|
|
Name : |
Mr. Pradeep Banshal |
|
Designation : |
Director |
|
Address : |
12/13, Ashirwad Complex, H.B. Town Old Pardi Naka, Nagpur-400035,
Maharashtra, India |
|
Date of Birth/Age : |
06.10.1983 |
|
Date of Appointment : |
12.03.2012 |
|
Pan No.: |
AFSPB0784K |
|
Din No.: |
00531722 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON 29.09.2012
|
Names of Shareholders |
|
No. of Shares |
|
Pradeep Banshal |
|
900 |
|
Kishore Banshal |
|
17650 |
|
Anant Kumar Agarwal |
|
24470 |
|
Manju Devi Agarwal |
|
12500 |
|
Jiyamaa Sales & Marketing Private Limited, India |
|
10000 |
|
Greenview Tracom Private Limited, India |
|
3500 |
|
Mohan Hire Purchase Private Limited, India |
|
4500 |
|
Gleam Finance Private Limited, India |
|
2500 |
|
Blockdeal Advisory Services Private Limited, India |
|
1500 |
|
Gouri Shankar Anant Kumar (HUF) |
|
25000 |
|
|
|
|
|
TOTAL
|
|
102520 |
AS ON 29.09.2012
|
Equity Share Breakup |
|
Percentage of Holding |
|
Category |
|
|
|
Bodies
corporate |
|
21.46 |
|
Directors
or relatives of directors |
|
78.54 |
|
TOTAL |
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Trading and Transportation
of Coal. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|||||||||
|
|
|
|||||||||
|
Bankers : |
·
Union Bank of India, Umiya Palace, Plot No. 660,
Ward No. 6, Ghar Road Branch, Nagpur, Maharashtra, India A/C.
No.: 349205040000212 |
|||||||||
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Facilities : |
|
|
|
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Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Sultania Sanjay and Company Chartered Accountants |
|
Address : |
226/1, A.J.C. Bose Road, Trinity, Suite 3E, Kolkata-700020, West
Bengal, India |
|
PAN No: |
ABOFS4390N |
|
|
|
|
Other Related Party : |
Jiyamaa Sales Marketing Private Limited |
CAPITAL STRUCTURE
AS ON 31.03.2012
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
103000 |
Equity Shares |
Rs.100/- each |
Rs.10.300 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
102520 |
Equity Shares |
Rs.100/-
each |
Rs.10.252
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 |
10.252 |
4.902 |
4.902 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
24.237 |
11.956 |
11.384 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
34.489 |
16.858 |
16.286 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
39.079 |
40.302 |
7.101 |
|
|
2] Unsecured Loans |
35.989 |
31.507 |
0.000 |
|
|
TOTAL BORROWING |
75.068 |
71.809 |
7.101 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
109.557 |
88.667 |
23.387 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
19.443 |
16.800 |
8.060 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.223 |
0.223 |
0.223 |
|
|
DEFERREX TAX ASSETS |
0.098 |
0.093 |
0.058 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
60.851
|
18.011 |
0.000 |
|
|
Sundry Debtors |
78.624
|
53.183 |
5.447 |
|
|
Cash & Bank Balances |
14.704
|
2.206 |
1.135 |
|
|
Other Current Assets |
0.007
|
0.007 |
0.000 |
|
|
Loans & Advances |
30.507
|
21.538 |
9.044 |
|
Total
Current Assets |
184.693
|
94.945 |
15.626 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditors |
94.722
|
20.175 |
0.000 |
|
|
Other Current Liabilities |
0.178
|
3.219 |
0.091 |
|
|
Provisions |
0.000
|
0.000 |
0.489 |
|
Total
Current Liabilities |
94.900
|
23.394 |
0.580 |
|
|
Net Current Assets |
89.793
|
71.551 |
15.046 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
109.557 |
88.667 |
23.387 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
596.404 |
239.643 |
191.924 |
|
|
|
Other Income |
0.038 |
0.100 |
0.166 |
|
|
|
TOTAL (A) |
596.442 |
239.743 |
192.090 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Purchase of Stock-in-trade |
478.094 |
152.870 |
|
|
|
|
Freight |
28.635 |
6.579 |
|
|
|
|
Transportation Charges Paid |
105.102 |
86.380 |
190.972 |
|
|
|
Employee Benefits Expenses |
1.533 |
1.387 |
|
|
|
|
Other Expenses |
11.179 |
4.815 |
|
|
|
|
Exceptional Items |
(0.113) |
0.023 |
|
|
|
|
Change in Inventories of Stock-in-trade |
(42.839) |
(18.011) |
|
|
|
|
TOTAL (B) |
581.591 |
234.043 |
190.972 [Including
Financial Expenses] |
|
|
|
|
|
|
|
|
Less |
PROFIT
/ (LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
14.851 |
5.700 |
|
|
|
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES (D) |
11.956 |
4.222 |
|
|
|
|
|
|
|
|
|
|
|
PROFIT
/ (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
2.895 |
1.478 |
1.118 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
0.696 |
0.641 |
0.406 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
BEFORE TAX (E-F) (G) |
2.199 |
0.837 |
0.712 |
|
|
|
|
|
|
|
|
|
Less |
TAX (H) |
0.718 |
0.265 |
0.225 |
|
|
|
|
|
|
|
|
|
|
PROFIT / (LOSS)
AFTER TAX (G-H) (I) |
1.481 |
0.572 |
0.487 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
NA |
0.957 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
NA |
1.444 |
|
|
|
|
|
|
|
|
|
|
Earnings /
(Loss) Per Share (Rs.) |
30.22 |
11.68 |
9.94 |
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.25
|
0.23 |
0.25 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.37
|
0.35 |
0.37 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
1.07
|
0.75 |
3.00 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.06
|
0.05 |
0.04 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.17
|
4.25 |
0.44 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.95
|
4.05 |
26.94 |
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 |
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] |
PAN of Proprietor/Partner/Director, if available |
Yes |
|
32] |
Date
of Birth of Proprietor/Partner/Director, if available |
Yes |
|
33] |
Voter ID No of Proprietor/Partner/Director, if available |
No |
|
34] |
External Agency Rating, if available |
Yes |
NOTE:
The registered office of the company has been shifted from 6, J L Nehru Road, Kolkata-700013, West Bengal, India to the present address w.e.f.01.09.2011.
FINANCIAL RESULTS:
The Company has earned Profit of Rs.1.481 Millions after provision for
taxation during the year ended 31.03.2012.
COMPANY OVERVIEW:
Subject is a Private Limited Company incorporated under the
Provisions of the Companies Act, 1956 and having its Registered Office situated
in India. The Company is mainly engaged in Trading and Transportation of Coal.
|
UNSECURED LOAN |
As
on 31.03.2012 [Rs.
in Millions] |
As
on 31.03.2011 [Rs.
in Millions] |
|
Intercorporate Loan repayable on
demand |
28.419 |
24.500 |
|
Loans and Advances from Related
Parties |
7.570 |
7.007 |
|
TOTAL
|
35.989 |
31.507 |
BANKERS CHARGES
REPORT AS PER REGISTRY
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
80027962 |
|
Corporate
identity number of the company |
U51909WB1992PTC054910 |
|
Name of the
company |
SANGITA SALES
PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
17, Biplabi Anukul Chandra Street, 4th Floor,
Kolkata-700072, West Bengal, India |
|
Type of charge |
Movable Property
[not being pledge] Floating Charge |
|
Particular of
charge holder |
Union Bank of India, Umiya Palace, Plot No. 660, Ward No. 6, Ghar Road
Branch, Nagpur, Maharashtra, India |
|
Nature of
description of the instrument creating or modifying the charge |
Memorandum of Entry
and Memorandum of Deposit of Title Deeds |
|
Date of
instrument Creating the charge |
25.04.2012 |
|
Amount secured by
the charge |
Rs.80.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest Interest is
16.90% pa (base plus 6.25%) with monthly rest. Terms of Repayment Repayable on
demand Margin 25% on Stock 40% on Book
Debts. Extent and Operation of the charge The credit
facility is enhanced from Rs. 40.000 Millions to Rs. 80.000 Millions and the
same is additionally secured by way of mortgage of immovable properties of
the company bearing Khasra New No.18/1 Mouza Kapse (BU) P H No.20 Taluka
Kamptee and district Nagpur and Plot Nos. 1,2,3,5,6 and 7 being a part and
portion of land bearing Kh.No.75/1and 75/1-A of Mouza Chikhalgaon PSK 27
Thasil Wani and District Yavatmal. |
|
Short particulars
of the property charged |
All that piece
and parcel Non- agricultural land bearing survey/Khasra new No.81/1
admeasuring about 1.56 HR, Jama Rs.6.90/-, Bhogwatdar Class-I at Mouza Kapsi
(BU), P.H.No.20, Taluka - Kamptee and District Nagpur. All that piece
and parcel of Plot Nos.1, 2, 3, 5, 6 and 7
admeasuring about 669.41, 615.60, 619.65, 1914.63, 1490.78 and
3697.96 Sq. Mtrs. respectively being a
part and portion of the entire land bearing Kh No.75/1 and
75/1-A of Mouza Chikhalgaon, P. S. K.27, Tahsil Wani and District Yavatmal |
|
Date of latest
modification prior to the present modification |
24.04.2011 |
|
Particulars of the
present modification |
The credit
facility is enhanced from Rs. 40.000 Millions to Rs. 80.000 Millions and the
same is additionally secured by way of mortgage of immovable properties of
the company bearing Khasra New No.18/1 Mouza Kapse (BU) P H No.20 Taluka
Kamptee and district Nagpur and Plot Nos. 1,2,3,5,6 and 7 being a part and
portion of land bearing Kh.No.75/1and 75/1-A of Mouza Chikhalgaon PSK 27
Thasil Wani and District Yavatmal. |
FIXED ASSETS:
·
Land
·
Car
·
Mobile Phone
·
Furniture and Fixtures
·
Air Conditioner
·
Fax
·
Computer
·
Water Filter
·
Office Equipments
·
Plant and Machinery
·
Motor Cycle
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.54.70 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
4 |
|
PAID-UP CAPITAL |
1~10 |
4 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
2 |
|
--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
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.