1. Summary Information
|
|
|
Country |
India |
|
Company Name |
Sparsh Trade Link Private Limited |
Principal Name 1 |
Mr. Bishwanath Agarwal |
|
Status |
Moderate |
Principal Name 2 |
Mr. Kiran Agarwal |
|
|
|
Registration # |
21-154229 |
|
Street Address |
180, Mahatma Gandhi Road, Kolkata – 700007, West Bengal, India |
||
|
Established Date |
20.01.2005 |
SIC Code |
-- |
|
Telephone# |
91-33-22685494 |
Business Style 1 |
Dealers |
|
Fax # |
91-33-22685494 |
Business Style 2 |
-- |
|
Homepage |
-- |
Product Name 1 |
Plastic Raw Materials |
|
# of employees |
Not Available |
Product Name 2 |
-- |
|
Paid up capital |
Rs.2,700,000/-
|
Product Name 3 |
-- |
|
Shareholders |
Bodies corporate-96.00%, Directors or relatives of
directors- 4.00% |
Banking |
Tamilnad Mercantile Bank Limited |
|
Public Limited Corp. |
No |
Business Period |
8 Years |
|
IPO |
No |
International Ins. |
-- |
|
Public |
No |
Rating |
B (27) |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
Other
Related Parties |
-- |
Kiran Technomec Private Limited |
-- |
|
Note |
-- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
3,431,000 |
Current Liabilities |
564,000 |
|
Inventories |
13,907,000 |
Long-term Liabilities |
11,444,000 |
|
Fixed Assets |
110,000 |
Other Liabilities |
35,000 |
|
Deferred Assets |
1,000 |
Total Liabilities |
12,043,000 |
|
Invest& other Assets |
0,000 |
Retained Earnings |
2,706,000 |
|
|
|
Net Worth |
5,406,000 |
|
Total Assets |
17,449,000 |
Total Liab. & Equity |
17,449,000 |
|
Total Assets (Previous Year) |
11,820,000 |
|
|
|
P/L Statement as of |
31.03.2012 |
(Unit: Indian Rs.) |
|
|
Sales |
13,879,000 |
Net Profit |
41,000 |
|
Sales(Previous yr) |
12,935,000 |
Net Profit(Prev.yr) |
55,000 |
MIRA
INFORM REPORT
|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
SPARSH TRADE LINK PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
180, Mahatma Gandhi Road, Kolkata – 700007, West Bengal |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as
on) : |
31.03.2012 |
|
|
|
|
Date of
Incorporation : |
20.01.2005 |
|
|
|
|
Com. Reg. No.: |
21-154229 |
|
|
|
|
Capital Investment
/ Paid-up Capital : |
Rs.2.700 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U51495WB2005PTC154229 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Dealers of Plastic Raw Materials. |
|
|
|
|
No. of Employees
: |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B (27) |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 22000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Slow |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is an established company having a moderate track record. Profitability
of the company appears to be low. However, 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.
ECGC Country Risk Classification List – June 30, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
|
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 : |
180, Mahatma Gandhi Road, Kolkata – 700007, West Bengal, India |
|
Tel. No.: |
91-33-22685494 |
|
Fax No.: |
91-33-22685494 |
|
E-Mail : |
DIRECTORS
(AS ON 30.09.2011)
|
Name : |
Mr. Bishwanath Agarwal |
|
Designation : |
Managing Director |
|
Address : |
No-21, Guruswamy Road, Queens Court Chetpet, Chennai – 600031,
Tamilnadu, India |
|
Date of Birth/Age : |
01.06.1955 |
|
Date of Appointment : |
20.01.2005 |
|
DIN No.: |
00866411 |
|
|
|
|
Name : |
Mr. Kiran Agarwal |
|
Designation : |
Director |
|
Address : |
01-D, No.21, New No.28, Guruswamy Road, Chetpet, Chennai – 600031,
Tamilnadu, India |
|
Date of Birth/Age : |
03.05.1957 |
|
Date of Appointment : |
20.01.2005 |
|
DIN No.: |
01738331 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
(AS ON 30.09.2011)
|
Names of Shareholders |
|
No. of Shares |
|
|
|
|
|
Bishwanath Agarwal |
|
5000 |
|
Kiran Agarwal |
|
5000 |
|
Kiran Technomec Private Limited, India |
|
260000 |
|
|
|
|
|
Total |
|
270000 |
(AS ON 30.09.2011)
Equity Shares Break – up
|
Category |
|
Percentage |
|
|
|
|
|
Bodies Corporate |
|
96.00 |
|
Directors or relatives of directors |
|
4.00 |
|
|
|
|
|
Total
|
|
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Dealers of Plastic Raw Materials. |
GENERAL INFORMATION
|
No. of Employees : |
Not Available |
|
|
|
|
Bankers : |
· Tamilnad Mercantile Bank Limited 58-D, N. S. Road, 2nd Floor, Kolkata – 700007, West Bengal,
India |
|
|
|
|
Facilities : |
-- |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Jan Manoj and Associates Chartered Accountant |
|
Address : |
9 Lal Bazae Street, Block-A, 3rd Floor, Mercantile
Building, Kolkata – 700001, West Bengal, India |
|
Tel No.: |
91-33-22133095 |
|
Mobile No.: |
91-9433099158 |
|
Fax No.: |
91-33-22317967 |
|
PAN No.: |
ACQPJ3372C |
|
Email : |
|
|
|
|
|
Other Expenses: |
· Kiran Technomec Private Limited · Chennai Tradelink Private Limited · Sparsh Creations |
CAPITAL STRUCTURE
(AS ON 29.09.2012)
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
300000 |
Equity Shares |
Rs.10/- each |
Rs.3.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
270000 |
Equity Shares |
Rs.10/- each |
Rs.2.700
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 |
2.700 |
2.700 |
2.700 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
2.706 |
2.665 |
2.610 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
5.406 |
5.365 |
5.310 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
|
2.026 |
|
|
2] Unsecured Loans |
|
|
1.925 |
|
|
TOTAL BORROWING |
11.444 |
2.270 |
3.951 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.850 |
7.635 |
9.261 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
0.110 |
0.133 |
0.102 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
4.037 |
|
|
DEFERREX TAX ASSETS |
0.001 |
0.001 |
0.001 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
13.907
|
7.155 |
4.729 |
|
|
Sundry Debtors |
3.144
|
0.809 |
1.330 |
|
|
Cash & Bank Balances |
0.066
|
0.171 |
0.125 |
|
|
Other Current Assets |
0.000
|
0.000 |
0.000 |
|
|
Loans & Advances |
0.221
|
3.551 |
0.580 |
|
Total
Current Assets |
17.338
|
11.686 |
6.764 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Sundry Creditor |
0.484
|
3.817 |
1.605 |
|
|
Other Current Liabilities |
0.080
|
0.340 |
0.008 |
|
|
Provisions |
0.035
|
0.028 |
0.030 |
|
Total
Current Liabilities |
0.599
|
4.185 |
1.643 |
|
|
Net Current Assets |
16.739
|
7.501 |
5.121 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
16.850 |
7.635 |
9.261 |
|
PROFIT & LOSS
ACCOUNT
|
|
PARTICULARS |
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
|
|
SALES |
|
|
|
|
|
|
|
Income |
13.879 |
12.935 |
5.354 |
|
|
|
Other Income |
0.476 |
0.335 |
0.345 |
|
|
|
TOTAL |
14.355 |
13.270 |
5.699 |
|
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
|
|
Cost of Goods Sold |
|
9.486 |
2.799 |
|
|
|
Custom Duty |
|
1.813 |
1.346 |
|
|
|
Clearing Charges |
14.284 |
0.465 |
0.521 |
|
|
|
Administrative and Other Expenses |
|
1.405 |
0.941 |
|
|
|
Preliminary Expenses W/Off |
|
0.000 |
0.006 |
|
|
|
TOTAL |
14.284 |
13.169 |
5.613 |
|
|
|
|
|
|
|
|
|
PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
0.071 |
0.101 |
0.086 |
|
|
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.022 |
0.020 |
0.026 |
|
|
|
|
|
|
|
|
|
|
PROFIT BEFORE
TAX |
0.049 |
0.081 |
0.060 |
|
|
|
|
|
|
|
|
|
Less |
TAX |
0.008 |
0.026 |
0.020 |
|
|
|
|
|
|
|
|
|
|
PROFIT AFTER TAX |
0.041 |
0.055 |
0.040 |
|
|
|
|
|
|
|
|
|
Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
NA |
0.210 |
0.170 |
|
|
|
|
|
|
|
|
|
|
BALANCE CARRIED
TO THE B/S |
NA |
0.265 |
0.210 |
|
|
|
|
|
|
|
|
|
|
Earnings Per
Share (Rs.) |
0.15 |
0.20 |
|
|
KEY RATIOS
|
PARTICULARS |
|
31.03.2012 |
31.03.2011 |
31.03.2010 |
|
PAT / Total Income |
(%) |
0.29
|
0.41 |
0.70 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
0.35
|
0.63 |
1.12 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
0.28
|
0.69 |
0.87 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.01
|
0.02 |
0.01 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Debt/Networth) |
|
2.12
|
0.42 |
0.74 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
28.94
|
2.79 |
4.12 |
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] |
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 |
NOTE:
The Registered office of the company has been
shifted from, AH-114, Shanti Colony, 7th Main Road, 4th
Street, Chennai – 600040, Tamilnadu, India, to the present address w.e.f.
14.10.2010.
FORM 8
|
This form is for |
Modification of
charge |
|
Charge identification
number of the modified |
10151560 |
|
Corporate
identity number of the company |
U51495WB2005PTC154229 |
|
Name of the
company |
SPARSH TRADE LINK PRIVATE LIMITED |
|
Address of the
registered office or of the principal place of business in |
180, Mahatma Gandhi Road, Kolkata – 700007, West Bengal, India |
|
Type of charge |
Immovable
Property Book Debts Movable Property |
|
Particular of charge
holder |
· Tamilnad Mercantile Bank Limited 58-D, N. S. Road, 2nd Floor, Kolkata – 700007, West Bengal,
India |
|
Nature of
description of the instrument creating or modifying the charge |
1)Agreement for
Demand Cash Credit on the Hypothecation of movable properties 2)Letter of
Hypothecation of Book-Debts-Loans 3)Power of
Attorney 4)Guarantee
Letter of Undertaking 5)Letter of
Hypothecation 6)Joint and
Several Guarantee Form |
|
Date of
instrument Creating the charge |
12/12/2012 |
|
Amount secured by
the charge |
Rs.18.000
Millions |
|
Brief particulars
of the principal terms and conditions and extent and operation of the charge |
Rate of Interest CC: BR+5.25% (presently
16.25%) FLC : NA Terms of
Repayment As per agreement Margin CC: stock - 25%
& BD - 30% FLC : 10% Extent and
Operation of the charge |
|
Short particulars
of the property charged |
PRIMARY: 1) For FLC: On lien
over documents covering the goods imported under LC and receivables arising
out of the goods imported under LC. 2) For CC: i) On
the hypothecation of stock in trade of PVC resins, Plastic Granuels and other
synthetic products and imported consumer goods, gift articles, stationery
items, etc. ii) On hypo. of
receivables COLLATERAL: On equitable
mortgage of residential flat bearing no.6B,premises no.89,holding no.96,ward
no.87,6th floor, Dr.Meghnad Saha Sarani, P. S. Tollygunge, Kolkata Muncipal
Corporation-700029 with a
super build up area of 2196 sq ft. (including common right of staircase,
entrance lobby and other common areas, (Extent of area as per document
2196.35 sq. ft.) together with one car parking space no.24,on the basement
valued Rs.170Lacs standing in the name of M/s Chennai Trade Link Private
Limited [Undivided un-partitionabe and indivisible proportionate share in the
land contains the area of 18 cottah 15 chittacks and 3 sq ft. The site is
developed with G+8 storeyed building and the apartment is named as SUBHAM]
[Panel valuer's Certificate dated 05.03.2012-Rs.20.264 Millions as Market
Value and Rs.17.000 Millions Forced Sale Value/Manager's Independent
VAluation Certifcate dated 04.04.2012 for Rs.17.000 Millions] Personal Guarantee of All the directors of
the company viz. Mr. Bishwanath Agarwal, Mrs. Kiran Agarwal, Mr. Sumit
Agarwal, Mr. Saurabh Agarwal (sons of Mr. Bishwanath Agarwal) Corporate
Guarantees: 1) Chennai Trade
Link Private Limited 2) Kiran
Technomec Private Limited |
|
Date of latest
modification prior to the present modification |
04/07/2012 |
|
Particulars of
the present modification |
By this
modification the overall limit has been enhanced from Rs.12.000 Millions to
Rs.18.000 Millions comprising of: 1) Cash Credit (Stock/Book
Debts) : Rs.6.000 Millions 2) Foreign Letter
of Credit (DP/DA 90 Days) :Rs.12.000 Millions |
FIXED ASSETS:
· Air Conditioner
· Electrical Fittings
· Camera
· Furniture and Fixtures
· Computers
· Mobile Phones
· Motor Bike
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.54.71 |
|
|
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIT |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
3 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--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 |
|
DEFAULTER |
|
|
|
--RBI |
YES/NO |
NO |
|
--EPF |
YES/NO |
NO |
|
TOTAL |
|
27 |
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.